e-commerce, coming to the market. we have the opportunity to invest in new industries. i love it. are you in? susan: i'm in. stuart: i have 10 seconds to waffle about the markets. the dow is up 200. the s&p is up 14. the nasdaq slightly lower. my waffling time is up. here is neil cavuto. neil: well, i hope you use my video on friday, stuart. i put a lot of into it. let me know how that goes. thank you, my friend. we have a lot we're following up at the corner of wall and broad. the dow is up more than 200 points but the big story of the hour a hurricane that arrived at the gulf coast. it is not as dangerous as it was earlier. it is leaving a lot of rain, a lot of water, a lot of flooding, a lot of surges, in some places like pensacola, florida. north five feet of such surges. we have the vice president accuweather joins us right now. john, where are we on this thing and what is its trajectory right now? >> neil, good to be with you and this is a very serious storm

once again along the gulf coast. the story of this storm, this hurricane will be that of the flooding rainfall. we're talking about a catastrophic and life-threatening flooding situation. as you mentioned from southern mississippi all the way over into southern alabama including the mobile area, also into the panhandle of florida where the conditions have been very serious out towards pensacola. now the wind, intensity of the storm coming down, moves further inland this afternoon. it is slowly crawling inland, neil. only five miles an hour. it means relentless rain will continue over the same hours for hours and hours, resulting in that flooding. if that flooding that we're alerting people and businesses to across the southeastern united states as the storm continues to move off to the north and east, that risk for serious flooding is going expand into georgia and up towards the carolinas the next couple days. it is really important that people and businesses be

prepared in those areas. this is a storm you do not want to let your guard down because we'll be dealing with those impacts from days to come. neil: no, absolutely. looks like new orleans dodged what could have been a pretty tough bullet here. what is the latest on that? >> that's right. the storm did all of the serious impacts have been east of new orleans which obviously has been a tension for a lot of folks in terms of the fact its importance as a port and also as a road and rail interconnector in the new orleans area as well as the large number of people that live in the new orleans area. so the heaviest impacts have been east of there, they are going to be focused up towards the rest of alabama and the rest of the southeast over the coming days. neil, that will result in billions of dollars of damage here as we make our way through the next couple days. neil: you know, john, while i still have you, you've been very patient here, it has been busy hurricane storm season in general with sally winding down,

still a threat as you point out and we should be reminded hurricane paul let, tropical storm vickky, tropical storm rene. i don't think we've seen this type of activity since 2005. when we five storms at once, the better part of 50 years. what is going on? >> you're right. here at accuweather we were talking about for months we saw the ocean and atmospheric parameters coming together for a very active season. that is exactly what is going on. this tropical season broke records consistently for how quickly we've gotten to certain lettered storms. we do have a lot of action out in the atlantic right now. most of it is far away from land at this point. we'll have to keep a eye on teddy during the next couple days of the season. there is still plenty of time going. it is always important wherever you live along the coast or inland be prepared for hurricanes. as we were talking about this

has been a very active season. neil: yeah. you never know. thank you, my friend, very much. john porter of accuweather following this scrupulously down to every detail, every little movement. appreciate that, john. let's go to scott shellady. he looks a the financial impact of these sort of things, and, scott, as you and i discussed in the past, a lot of refinery owners, gas, big players in that neck of the woods usually out of abundance of caution, days ahead, sometimes weeks ahead, shut down facilities. we've seen a bit of a jump in prices but not nearly what you might think. is this all back to supply and demand and there is just not the demand? what do you think? >> you know, funny you say that, you're exactly right. with the forecasting, what these weathermen can do nowadays, getting surprised by a hurricane this time of year like being surprised snow in january. i would like to blame all storms happening at once, something i call global storming.

that is probably why we have happening down there to take it off the list. i would say the real reason you saw jump in prices today we were expecting some reports out that said we had a build of inventories, right? our inventories got greater when actually all the experts were surprised and saw an actual decrease in inventories. that is what the jump in oil prices today. jump from oil prices 37 to 39, still very low. it is still low enough it will not have our guys make a lot of money if at all. that sector will be hurting. we need things above 50 bucks a barrel to have the refineries start to make some cash. still dollar forecast, coin a phrase, at the same time the jump was not weather-related. it was fundamentally report related. neil: you know what is interesting, we talk about the economic numbers and they are still looking good but they're slowing. retail sales, that type of activity, slowing.

and we've got industrial factory data that it is still chugging along but not chugging along at the pace it was. does the oil market reflect that as well? it sees this, seizes on this. >> you're 100% correct. $39 a barrel says exactly that to me. a low 30-year mortgage rate we all get excited by the housing market, right? a low housing market rate doesn't tell me the economy is doing well. those on the right want to be more of a cheerleader, things are improving, they're improving at a slower pace. the glass half empty on the left definitely it is going down. everything is telling me this is not looking good. i'm somewhere in the middle. i'm more the glass is twice too big. i understand both sides of that. i say this, we fell into a hole. you don't fall out of a hole. you have to climb out of a hole. we're get being tired. we'll get there it might take longer than we expect. we'll definitely be able to

climb out. neil: dumb question but you always entertain them from me, do you think the markets are factoring in or looking to sort of telegraph the election? is it too soon for that? how do you digest what, you know, is pretty stubbornly resilient dow, certainly coming back and other market averages what had been the three-day bludgeoning here, what do you make of all that? >> i think the election is probably 30% of the reason why you see the market is where it's at. we look at the volatility index, that should give us a little bit of an idea. things are definitely nervous. they should be. we're in the middle of a pandemic but we also got a fed that will backstop the market. the fed said we will keep interest rates at zero until we're both dead. a ton of factors and money on the sidelines and five trillion dollars in maybe aid packages that will two go through as well. that means a stubborn market to the downside.

doesn't mean it can't do gown. i think if you would have seen the market believe that joe biden was going to be the new president i think we would see a lot more volatility. so just by the relative small amounts of volatility i would say the market getting more comfortable with a donald trump presidency pause i think it would just be more volatile if they felt that biden would be there soon. neil: we shall see. always good catching up with you, scott. thank you very, very much. scott shellady, on all things market impact from all things mother nature. get the read from sally where she is going right now. the biggest effect right now seems on three states in question, alabama, florida, and mississippi. that last one, we're happy to have the governor with us right now, tate reeves. governor, how are things looking in your state. >> good morning, neil, thanks for having me on. one of the things we noticed over the last 3:00 days really is that hurricane sally, the eye of the storm was having a really

difficult time forming. because it was having a difficult time forming the predictability of this storm even up until 10 or 12 hours ago was highly, highly unpredictable. what ended up happening is the eye of the storm entered further east than most predictions. it was, it actually entered the landfall somewhere around the alabama, florida, line. because of that, mississippi coastline was by and large spared. the major hit that we thought we were going to get just 36 hours ago. having said that we're experiencing significant amounts of rainfall and storm surge. so it's a major water event for us but we were fortunate that it did kick east at the end but we reached out to our friends and neighbors in alabama, florida, offered any assets,

search-and-rescue otherwise they may need. it is a very difficult storm, not very far to the east of the mississippi state line. neil: governor, i understand the a little bit north of, half a million people are without power in the three states i mentioned. i don't know how that breaks down for mississippi compared to alabama and florida but i do know anyone, probably anyone in that region has a case of storm fatigue right now especially with four others churning off in the gulf and into the atlantic. how do they respond to the warnings they get, whether evacuate, hunker down because it must be numbing after a while? >> well it is. that is one of the challenges that we as leaders face. we want to make sure we provide honest information to the people of our state and, these things are highly unpredictable and particularly a storm like sally, which on sunday afternoon was moving 12 to 14 miles per hour. by the middle of the day

yesterday was moving at two miles per hour which typically would lead one to believe if it its moving that slow while in the gulf, it would intensify significantly in strength and sally, for whatever reason stayed in that high category 1, low category 2 phase. did not strengthen. i will tell you people along the gulf coast are very resilient people. they have become accustomed to dealing with this. we've been talking about for months 2020 is 2020 and we knew this would be a very active hurricane season. what we've been seeing is very unusual. two weeks ago we had two different hurricane level strength storms in the gulf of mexico at the same time. two storms hit landfall in the u.s. in the same week for only the ninth time in american history. so 2020 continues to bring the unexpected. neil: all right. governor, you have your work cut out for you. i know sleeping is not a

priority right now but continued good health to you, your family, obviously your constituents. mississippi governor tate reeves. we're following a couple of other developments as well. if we have one more storm named, whether it's a tropical storm or hurricane, we're down to wilfred. that would be the last english name we could resort to. then we go into the greek alphabet, something we have not done since 2005. you remember that was the year of katrina. 26 other major storms. we slipped into the greek alphabet back then as well but we did it much later in the season back then. this is still pretty early. we have a couple months to go. stay with us. ♪ limu emu & doug you know limu, after all these years it's the ones that got away that haunt me the most.

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♪. neil: all right. we're getting some interesting information coming from u.s. health officials who estimate it would take three to four weeks for a covid-19 vaccine manufacturing, following regulatory clearance. once it gets a green light to go, getting it out, getting it shipped out could happen in a matter of weeks. in that race there are at least a half a dozen premier players, eli lilly among them, trying to get something out sooner rather

than later. pfizer says separately, some of its particular applications run into speed bumps in testing. jackie deangelis chronicling all of this joins us right now. reporter: good afternoon to you, neil. let's start with eli lilly because they reported some important coronavirus news which basically the company's antibody treatment saw reduced rate of hospitalization. so the drugmaker basically said this experimental treatment helps patients clear coronavirus symptoms sooner before they would have need to be hospitalized. eli lilly ceo was on "mornings with maria" and said this. >> in this study not only lowered viral load in patients, improved symptoms, but most importantly, as you said, reduced hospitalization risk by 72% in the study. it's a smaller study. we need to replicate these findings. but this is an important day in the fight against covid. reporter: progress but a lot

more to do here. you mentioned pfizer. that is another interesting headlines because they're making headlines for the coronavirus vaccine specifically. the company says some of the patients are showing side-effects in trials. they called them mid to moderate aftereffects. fatigue is one that management mentioned on an investor call. that is something to think about when we do get a vaccine. finally i mention this, the nfl is back on the field but big 10 football is going to be as well. supposedly on october 24th. that's what they're saying. the league's executives said it will be safe to resume with competition with daily testing capabilities as well as more information we have about the virus and its transmission. they will shoot for eight games in eight weeks. fans, neil, are not expected to be in the stands but it will give sports fans at home something to look for. neil: all right. i know the pac 12 was thinking about doing something similarly. haven't heard from them. but those would be very big

developments. a delayed season. not a denied season. maybe half a season. maybe eight games rather than close to 15, 16, depending on of the conference. yaki, thank you very, very much. there has been a spike in cases certainly across the country when people congregate together, colleges, universities schools. they have been dealing with that in new york at the university of albany. but so far the spikes notwithstanding the university president is saying everything is status quo. the classes are still on. i guess a hybrid nature. virtual, in-person learning continues. the university president, is with us right now. doctor, i hope i got that right, but what is the latest thing you're telling students and their parents about how classes are going to go? >> first of all good afternoon, neil, and thank you so very much for the invitation. yes, we are continuing to work to provide excellent education to our students and obviously

our first and primary concern is the safety and the health of our campus community. so we continue to offer our classes. as you said, we have a combination of online courses, hybrid courses and in-person courses. we continue to monitor the changes in covid-19 among our university community. we are doing surveillance, pool testing at u albany with our nationwide, globally recognized rna institute and the school of public health we'll reach capacity of doing 5000 tests per week. so we're carefully monitoring. we have a plan which we put full in place and we're working with our students to raise awareness, increase education about the need to continue to work collaboratively as an institution to protect the safety, the health and the well-being of our campus community. neil: how have students been cooperating or have they been? often here horror stories from

other schools that they're partying a little bit too much, they're violating social distancing rules. what about at your school? >> the overwhelming majority of our students are committed to preserving the health and safety of our campus community. you walk through our campus, without exception you see our students wearing masks, physically distancing and following all of the protocals they need to follow in order to insure that we continue to have a safe and healthy semester. of course there are students, it is a reduced number of students that sometimes do not follow the rules and pledges that they committed to follow when they came to the university at albany. so we're working very closely with them. we're working very closely with the communities around our campus to insure that we minimize large gatherings, eliminate the parties, these circumstances that they provide the environment for covid-19.

i would say overwhelmingly our students are following the protocals, they're following the guidelines and we're extremely happy with that. nevertheless we are dealing with a number of covid-19 eschews which we continue to monitor and we'll continue to work with our community within the university and outside of the university. neil: doctor, for those who are testing positive for the virus, particularly the students, where do they go? when you get word of that, are they quarantined either in their dorms, at an off-campus location, what? >> we are working very closely with the albany county department of health. so once we have students that either test positive, have symptoms, they are immediately isolated and quarantined depending on the circumstances. there is contact tracing that takes place immediately. at this time at the university at albany, we have about 230 beds that we have separated and

put aside for isolation and quarantine. students are living off campus, they can isolate or quarantine off campus we're asking them to do that. we have facilities on campus to do the isolation and quarantine as necessary. neil: all right. doctor, you have your hands full. sounds like you have it under control though. god bless you for that. university of albany president. they have spikes of cases that you certainly hear about, but they have a good system in place so it doesn't get too out of control. thank you, doctor. corner of wall and broad the dow is up about 208 points. we have stream of economic news. we have a number of boffo initial public offerings out today, getting a lot of attention, not the least of which is snowflake, in the cloud database software giant that is all the rage. it kept upping and upping its price. it is finding a favorable response to that, a

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♪. neil: all right. the market racing ahead right now. there is a great deal of attention being made to a number of initial public offerings stocks that are going to get a great deal of attention because it's a record week for this type of offerings. probably the most talked about, snowflake ipo, database provider in the cloud, what have you, a few weeks behind some in the tech community a ipo originally expected to be priced in the 75 to 80-dollar a range, then 100 to $110. talk it could fetch $120 when it opens. we have jfrog expecting to

release. the price was ratcheted up from 35 to$4. step stone, a host of others kind of in the same arena. kind of doing the same thing, a lot of pent-up demand for this stuff. we'll see whether the hike in prices will be justified and demand will be there shortly after trading. this goes as an initial pop when it happens. the big question how the follow through goes. we'll keep an eye on all of that. we'll keep an eye what is going on across the country with hurricanes and what is happening out west with the fires, three dozen of them burning right now, close to five million acres across much of the western states. a lot of smoke making across the western united states but across to europe where they're deal with it. go to christina coleman following the latest on all of that from monrovia, california. christine. reporter: hi, neil. more than 16,000 firefighters are on the front lines of at

least two dozen fires burning here in california. some of those fires prompting large evacuations here in this neighborhood. you can see one of the roads blocked off behind me. 25 people have died from wildfires here in this state. crews continue to battle the stubborn bobcat fire. that is where i'm at right now. it is northeast of los angeles. it has burned more than 44,000-acres. containment on the fire shrank from 6 to 3% this week. it threatened the historic mount wilson on searcher to and billion dollar broadcast, cell towers. firefighters worked tireless to protect the 115-year-old structure. as flames came within 500 feet of it yesterday. >> the history of science, this site is irreplaceable. there are very few places on the planet that have much science history in one place. to me it would be catastrophic.

reporter: the california national guard hard at work showing their air fight with one ever the fires. this thick plume of smoke contributing to the massive smoke pollution that could be seen as far and new jersey and new york. it is also reaching as far as europe. the west currently has worst air quality in the world. emergency officials in oregon say more than 11,000 homes have been destroyed by these fires. the death toll was reduced to eight as remains were identified as animals. 16 people are reported missing. today is another dry and hot day, tough conditions for firefighters. they may get a bit of a break, scattered rain, scattered showers over the pacific northwest. neil? neil: christina coleman, thank you very, very much. appreciate it. let's get the read in the neighboring area in oregon, of course. the governor's request for disaster relief. the president granted him that

right now to deal with this. right now congressman greg walden joins us. congressman, is it your sense that this is getting under control a long way from under control? in oregon seems to caught everyone off-guard, suddenly morphed into what it is right now? what is the latest you can tell me? >> yeah, a couple things, one, we generally don't have these types of fires this close to communities or right into communities. we're used to open range fires or forest fires burning hundreds of thousands of acres. those are going on as well in my district. in phoenix and talent, oregon, we lost 2700 housing units and mobile homes that was grass fire and brush. in shady cove they have been fighting a fire there. one of the challenges has been because of the horrible air quality, all of the dense smoke, they could not fly helicopters to continue the firefighting

effort and even fixed-wing had to back off for a while. neil: i imagine. all the people breathing all of that in surrounding areas. i'm talking a wide surrounding area. what is happening on that front, congressman? >> to put it in perspective my district alone in oregon would stretch from the atlantic ocean to ohio. i drove 1356 miles over the weekend from one end of it to get down where this fire was. virtually the entire time we were in hazardous air quality. you couldn't see more than 30 to 50 feet from the road that continued. pacific coast winds will blow through, hopefully rain in the fall. we dry out in the summer. we get very difficult conditions for a fire and it all happened at once. neil: i'm wondering, there have been so much attention being paid to protests in portland and other areas. this obviously has stunted that activity for the time-being but what are you hearing on that front? >> well, not a lot.

frankly they have had protests riots, call them what you want, since the day after donald trump's election and presidency in 2016. literally bashing in shop windows. some of it legitimate protest. others of it completely lawless rioting. unfortunately the city hasn't been able to sort out one from the other. as a result of that not enforcing the laws, shutting down the rioters, the violent ones it got away from them. it still is. it's a mess. it is sad. portland is a beautiful city. a lot of people in my part of the state have no interest -- neil: fires, congressman, it has not subsided, right? >> i have frankly not paid that close of attention the last few days. my focus is on helping those who lost everything. and so i think it has backed off a little bit because it is just -- you can't see. it is, the air quality is literally hazardous. i think they have even, this is even gotten the rioters to back off. so i don't know where that all ends up but we need help. the administration has been

quick. i met with the president on monday in sacramento. he turned that major disaster relief request within 24 hours. fema has been in there doing a great job in partnership with the state. we would like to see the state of oregon actually do a little more in southern oregon. have the governor come down to take a look and bring her team with her. they control the distribution of all of these things. the federal government made available through the fema and trump administration. we need help with housing on the ground. they have got the support. they have got the authority, they have got the money. we just need to step up the contact and the communication. neil: all right. sir, thank you very, very much. best of luck on that front. congressman, be well, be safe. meantime put a stamp on this, oregon, washington, california, are the three states in question where these fires are running fairly rampantly now. it affects four 1/2 million acres. i've been getting emails from folks out in the region saying close to five million acres. i don't know which is the case,

outside of the fact it is 34 combined deaths in the region. 16,000 plus firefighters right now. 25 major fires burning simultaneously across these three states. we'll have more after this non-valvular afib can mean a lifetime of blood thinners.

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♪. neil: all right. i told you it was a very busy day tore companies just going public. jfrog got a leap, see what i did there? it got a leap on snowflake. this continuous software release management giant coming right now at about 69, $70 a share. it was priced at 44. came out the gate a lot higher than what you're looking at right now. nevertheless that was ratcheted up from 38 to 40, then to 44. now as i say, around $68 a share. now that would sal you the company, at 44 would value it

$4 billion. doing the math ahead, another 50% gain, that is a 6 billion-dollar company like that. whether that portends anything positive for snowflake we shall see. this is again part of this pent-up demand for a lot of these offerings that had been put back or sort of delayed because of covid, a host of other issues, market-related issues. i understand snowflake is open. do we have anything to show for it? melinda? snowflake opens up right now. look at that! $276 right now, a gain of 130%. that might explain why it was just halted obviously. it is, you know, a mad rush. this was, you know, the database cloud software firm that was originally going to price its shares 75 to $80. then to $120.

now as i say north of $276. that is a lot of people trying to get in on this and fast. so they had disruptions, temporarily halted as they deal with those disruptions. talk about heady demand? between these two jfrog and snowflake, you have got $70 billion worth of market cap there in a snap. just amazing. we're following a couple of other development as well. certainly the battle back and forth for tiktok and it is not ending up the way a lot of people thought, not that it's over but certainly not ending up the way the trump administration had signaled it would not accept any alternative from. charlie gasparino on that. hey, charlie? >> you just call me a snowflake? neil: yes, i did. what's going on with this tiktok thing? i don't get it. >> okay. as of yesterday we were given

the, the impression by the people working on the deal close to oracle, close to tiktok, that this thing would be approved either late yesterday, approved by the trump administration, that oracle and tiktok can enter not into a sale a purchase but into some sort of a jv. ght or e this mor morniorate las obsly it has n b nn n aped. here is wre is whae k k h he this excvely, fox businesine iirst to reportepor thisthis,t therehere is attyttyg debatedebatedebate ie of the ofe ri rinowri other to apovapes deal deal dealrr n t, o give t a a a remembermber dertrpumum tiktok w rityoncern.onceoncece ing indata use ursse f c cnese spying pur pposes. he wan wte a a complete breakup. chind threw a mon mony m wr don d'ton allow you y t buy anf this sthistuff. of a aurchuras microsoft out

oracle came in with some sort of a middle ground, a joint venture a trusted partnership they call it. because lair ellison is very close to president trump they thought it would get through. steve mnuchin heads important agency inside the treasury department known as cfius, who must approve any foreign deal. cfius will approve it if they can but here is the rub. inside of the white house they're now is a debate. neil, this thing could be approved while i'm on the air. i'm not inside of those meetings. i know it has been delayed and here's why. attorney general barr, from what i understand, mike pompeo, secretary of state, steve mnuchin or peter navarro, sorry, i know the other two are pretty solid saying this is not what we wanted initially. this is not a complete break from the chinese. they will still own tiktok. thus they could estimate use the data for surveillance purposes.

on the other end is steve mnuchin, treasury secretary, head of committee on foreign investments, cfius, which must approve the deal, signaled it will approve the deal. he is saying it will go through, this is not a political battle. with him is wilbur ross, the commerce secretary. this is where we are. it's a mexican standoff. i give it 60/40 gets approved. having barr and pompeo on the other side, you know that is pretty rough stuff to get through. obviously it has not been approved when everybody thought it would be approved this morning. so we'll have to keep following these developments, neil. back to you. neil: what does microsoft do? >> well, microsoft is glad it is out of it i bet. remember what microsoft wanted to do, this is fascinating something, that is the reason why oracle, the notion of oracle buying tiktok was never really going to happen. they don't have the balance sheet, they don't have the cloud

capabilities. microsoft was literally buying the whole thing and have end to end, basically lock it down end to end, it would have taken the algorithm and rewrote it, changed it, secured it. that would have been done. what happened was the chinese came in and issued those new trade restrictions as you remember. that precluded microsoft from doing that type of deal. oracle came in. i will say this, neil, one thing, you're crushed on time, if this is all that had to be done, if the trump administration from the beginning needed to get a u.s. partner to secure this in a cloud, this deal would have been done in three minutes. anybody can do that. that is what i cans it so odd. what oracle is doing is not the intention of donald trump wanted initially. then on top of the whole thing you got larry ellison who is a friend of trump. you have some investors in bytedance are republicans. it's a mess. neil: all right. but you are not, snowflake or not snowflake.

thank you very much, my friend. charlie gasparino. speaking of snowflake, he is not a snowflake by the way, its shares have surged more than 140% in their debut today just a few minutes ago and already halted. you might recall this was the stock priced at a 75 to 80-dollar range. then it was ratcheted up to $120. at that point if it would have been launched at $120, it would have been worth 12 to $15 billion, actually, 2007 1/2 billion dollars. if this price holds where we are, as it resumes trading, closer than i'm doing the math in my head, charlie brady is much better he can actually do it in his head, down to the penny, you're looking at least a 70 billion-dollar company. so back in february when it was valued around 12 billion, back to the point of this launch when it was, roughly valued similarly, we are now up seven

times that. and they say that is a sign of the future. that the demand for this sort of stuff, database programing in the sky, in the cloud, you mentioned the cloud, you are in rarefied air. this is a good example. stay with us i had saved up some money and then found the home of my dreams. but my home of my dreams needed some work sofi was the first lender that even offered a personal loan. i didn't even know that was an option. the personal loan let us renovate our single family house into a multi-unit home. and i get to live in this beautiful house with this beautiful kitchen and it's all thanks to sofi.

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neil: all right, snowflake has debuted, and what a debut. as far as software offerings none bigger in terms of exchange trading. $277 a share. it is up almost 130%. online, database in the cloud concept intrigued many in the industry because it is a pretty cool kind of a company, but this is cool layer of green backs behind it, has a people say this is preview of coming attractions. the stock racing ahead. valuation, fixed at these these levels, valuation of $70 billion. that is not too shabby. we keep an eye on this and other initial public offerings coming out of the gate. we're getting a lot of talk about more stimulus out of

washington, nancy pelosi indicated we'll keep everyone here until we cobble together something, anything. senator chuck grassley, iowa senator, senate finance committee, so much more expert on these matters. senator, is there a deal to be had, what do you think? >> not at, even, $2.2 trillion that she wants. but here is how radical the people are controlling the house of representatives. we have a bipartisan group of 50 people are really begging to pass something, quote un, quote, something, at 1 1/2 trillion. she turns that down. she knows that that figure could be signed by the president of the united states. so do they want to do something or not? i think that they think it is to their political advantage not to do anything. if it is to their political advantage, then it is to the peoples disadvantage and it is

putting politics above the benefit for the american people. so i think that right now there is little chance of getting something done. you can imagine that the president came out with his executive order, $300 federal add-on to unemployment compensation that run out on september the 8th last thursday. the democrats had a chance to do $300 for the rest of the year. and they turned that down. they didn't turn it down. they wouldn't even let us get the bill up to vote on. they could have amended it if they didn't like. we only wanted to discuss it. neil: where do things go? the president indicated in the abc thing last night he was open to more bigger stimulus. are you? >> well the answer is yes, but if it will include half a trillion dollars of aid to irresponsible united states like

new york and california, we aren't going to subsidize the irresponsibility of state governments. neil: so if we whether we get something or not it, doesn't look like we will, then both, entrenched in their positions, doesn't look like something will be had before the election? >> you're absolutely right. neil: okay. well you do answer things directly, senator. i always forget that how direct and frank you are. senator grassily, always a pleasure. i appreciate that. thank you very much. be healthy and well. >> thank you. neil: that is fascinating sort of stating maybe the obvious there but the guy who will really be the numbers crunchers guy in the senate, doesn't look like we'll have a stimulus teal. more after this on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology

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neil: all right. following hurricane sally, also following snowflake. for those of you following snowflake, it is not living up to a name that generally conjures up wimpy images too sensitive for words. this is an online data base power house certainly on the cloud. you just say you're doing business on the cloud and you can print the money. this is a clear example of that.

it already racheted up its offer price several times. this was $75, $80, $85, $110. they said maybe we will push up to $120. now it's at $257 right now. something that looked like it would be a $10 to $12 million offering or valuation now at least close to $75 billion. if i'm off by a billion or two, excuse me. charlie brady has been listening. i think i'm exactly right. lot of money. other ipos also coming out of the gate but nothing like the enormity of this. i believe this would be the largest software ipo ever. there will be a host of others launching this week, i believe 19 if you consider it, in this week. we will keep an eye on one of the busiest days for company launches we have ever seen at the corner of wall and broad. also looking at mother nature right now and sally still

a storm that's dumping a lot of water and seeing a lot of storm surges in the three southern states affected. right now, mississippi, alabama and of course, florida. we are joined right now from alabama. ashley, what are we looking at? reporter: well, right now we are at a gas station obviously. there's nobody here. well, there's somebody here now. take a look at this roof right here. it's being ripped off. i'm not going to get too close. it's only a mart tter of time before that thing completely rips off. we are in elberta, alabama. we have been trying to get to pensacola for an hour and a half but there are so many roads closed and trees down, if you look here, this is nothing compared to what we have seen in the past hour. when i say flooded roads, i'm talking seven, eight feet of water. people are still trying to drive through. they are getting through from what we have seen but that is dangerous. do not do that. if you see that. i will also say the flooding is

what's going to be so bad. obviously the wind was terrible and the power lines and trees and all that damage is bad, but the flooding is what's going to cause all the damage. aws is saying this is going to be deadly flooding. they are telling people if you live on low ground, evacuate immediately. get to high ground. even when we were on this road, this is 98 right here, there were people standing out front of their homes watching them flood. we watched them just stand there helpless. i will say earlier today, there were reports saying this is going to -- the storm is going to cost upwards of $5 billion. it will be interesting to see if it isn't more just from what we have seen driving through alabama today. back to you. neil: incredible. thank you very much. be safe. a busy hurricane and/or tropical storm season. there are four others churning around the gulf and into the atlantic concurrently right now.

yesterday when we had all five in that region, it was the first time we had seen that since i think 1971, when richard nixon was president. right now, these are all the other four are strengthening and gaining steam depending on where you look and how close they are. we will keep an eye on that and the half million plus still without power. to greg brunell, global engagement and emergency management, former new york office of emergency management director. greg, thank you for taking the time. how do you think so far this hurricane season is going? sally just the latest example. >> yeah, thank you very much for having me on. our thoughts are with everybody down the u.s. gulf coast. as well as across the country, where we see historic disasters happening coast to coast. this is an unprecedented or historic hurricane season and whether it's a hurricane season or torrential rain and fires in

the west, we just keep seeing historic disasters affecting communities across our country. it's really taxing to the front line first responders. we do this under the umbrella of covid which has further taxed our communities and economy and over the course of the next few years, we have to have a serious conversation about pivoting from how do we respond to these and recover quickly, and how do we build back stronger and resilience focused to really ensure week withsta can withsta like this. neil: new orleans obviously dodged a bullet. it would have been a real test of how they re-fortified the low-lying areas, certainly the levees in question years ago with katrina. it's a little too soon to say, not at this point we can say whether that's working, but a lot of these regions have to get used to seeing more of this, we are told and a lot of them have not done some of the things you

say. they seem to be heading for disaster then. >> that's exactly right. they have done an incredible job in new orleans but they have had repetitive flooding in between today and katrina ten years ago, 15 years ago, that have overwhelmed the city's infrastructure and they need to continue and they have been investing in that. what we are finding globally and across the united states is that the greatest return on investment for communities is to spend time before disasters and now in the recovery phase, right now in the southeast united states, they are very much in response and we are hoping everybody can get to safety and be safe because as we heard earlier and from other guests on the program today, this is going to unfold over the next couple of days. we are very much in response. when we are in response, recovery becomes the focus and that's very normal for people to want to get back to normal as soon as possible. we need communities, it's really encouraged and we see the best return on investment when communities come together after disasters and before the next

disaster, that hopefully long period, to talk about how can we build back in such a way that we can minimize the impact so that government can support businesses and families being safe and not being so disrupted and catastrophically impacted from crises like this. neil: real quick final question, it's more just informational for me. when people are urged to evacuate, it's not so much based on the winds of a hurricane or storm, but on the storm surges, right? so i mean, people were told to evacuate along coastal areas. it was the surge that was doing it, right, the fear of two, three, four, i think in pensacola, five-foot surges of water, right? >> absolutely. it's run from the water and hide from the wind. we want people to get away from water as quickly as they can and with enough lead time before that surge arrives so we can move people through oftentimes limited roadways to get into shelters away from the water. that's the focus of much of the early evacuations.

neil: all right. that makes perfect sense. thank you very very much. i do appreciate it. so where are we now? we are following all of this with our top meteorologist. what are you looking at? >> such a slow-moving storm. we have seen it a few times in the last couple years, harvey in texas and florence across the carolinas that brought such prolonged rain because of the slow-moving nature of the storms. this is another one of those. that's why we have already seen over 25 inches in a few spots in the florida panhandle. it will start to move a little bit more quickly as it pulls off towards the north. that will be good news. but we still have a ways to go. and really heavy rain still coming in on the eastern side of this down across parts of the panhandle of florida. also tornado concerns, that always happens with land-falling tropical systems. we will see that again and i think we will see it again tomorrow. some of the smaller tornadoes but if it hits your place, it can do a lot of damage. we have seen that plenty of times. winds still gusting really high,

in the upper 50s way down across areas to the south of alabama, even though the center of the storm now is about to move in across parts of south georgia, where that center still is, a weakening storm because it's over land now. but take a look at these ra rainfall totals. these are really extreme. anywhere you see that white, a lot of that is down across parts of the ocean, but anywhere in the panhandle around pensacola and just to points east all along highway 30 there, almost that entire area, at least over 24 inches of rain. then you go a little farther, we have already seen a lot of areas over 12 inches of rain. that kind of rain along with the storm surge that we have seen makes the water not be able to go anywhere at all very quickly. that's why this flooding will be an ongoing event. this is the future radar throughout the day today. it continues to pull off towards the north. this is a look at tomorrow evening. we still have rain across the coastal areas primarily of the carolinas. that said, i think the heaviest of the rain once you get in across parts of the carolinas is

going to be inland and especially across parts of the southern appalachians. watch for pretty significant flooding threat anywhere you see green here. those are flash flood warnings that we have in effect. you see how far away from the center this goes, even up towards parts of the mid-atlantic. that's the direction the storm is going. we will probably see a lot of areas in the three to six inches of rain, some spotty maybe eight to ten. once you get even farther north, maybe up to about another 12 still across parts of southwest georgia. we have a ways to go from this storm still. after this, i will tell you we are already on the t storm and we are about to go into the greek alphabet which has only happened one other season. this incredibly active season is with us here. we have a long ways to go. neil? neil: with the greek alphabet. how do you pronounce the names? >> it goes into alpha, beta and on down from there. i don't think i can go past that one.

neil: man, oh, man. what a season, my friend. all right. thank you very very much. ask a dumb question and rick will give you a very smart answer. work with him. work with him, america. well, work with you as well at snowflake. maybe keep the bug up there, how snowflake is doing, representative of obviously a lot of big offerings. we will try to keep that up there. these producers know far more about this stuff than i do. i think it is a good metaphor for what's happening in a busy week of new offerings here. this is certainly the biggest software debut we have ever seen in market history. stay with us. ( ♪ ) ♪ i need it so bad don't call it a hobby. it's way more than just a job. this is how we live every single day. can we go and play?

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neil: all right. nothing sensitive or a little too touchy about this snowflake. the online software powerhouse that link data bases up in the sky, in the cloud, it's a lot more than that, i want to stress, jfrog, again, it continues down management software power house, a little different, certainly a lot different than snowflake, but they are both soaring right now. but snowflake stands out because this kept being racheted up in price, up, up, up, up, up, and you are looking at a $70 billion

concern in little more than a couple months ago, actually the beginning of the year, when they were first kicking this around, maybe $10 billion to $12 billion, north of $75 billion now. we will keep an eye on these. there are plenty more coming. this will be a busy week for them whether we are talking this physical week or early next week, 19 such offerings. busy juggernaut. they tend to judge them not only by the sheer number but their worth. already at their worth, they are breaking records. their combined market valuation as a result. keep an eye on that. watching it right now, keeping an eye on all the riots and all the protests and all the cost to insure all those affected, edward lawrence on that. edward? reporter: you know, the riots and looting, following the death of george floyd, could be actually the most expensive for the insurance industry in the history of the insurance industry. in fact, the insurance information institute finds that

insurance companies will wind up paying out $500 million to $900 million related to damages for the riots in minneapolis. now, these numbers are expected to continue to increase because the claims are still being processed. again, this is just money the insurance companies will pay, not the total damage estimate. senator marco rubio saying it's just okay -- it's okay to protest, but destruction is not protesting. >> look, it's really important to point the difference. if somebody wants to go out and hold up a sign and scream and be loud, because they are against something that's happening in our country, whether you agree with them or not, that's their constitutional right. what you don't have a right to do is set fires and attack police stations and kill people in the streets and burn down buildings and then loot businesses, and that's what's happened here. reporter: if you look back in history, the most expensive riot for the insurance industry, los angeles, in 1992. it cost $1.4 billion in today's dollars. also on the list, the 1967 riot

in detroit, costing $322 million in today's money. demonstrations in washington, d.c. in 1968 cost insurance companies $179 million in today's money. and the 2015 baltimore riots, insurance companies covered $26 million in damage. it's expected that minneapolis will top that list. again, we are just talking about what the insurance companies are paying, not the total damage which we know is going to be much more than that. neil? neil: that's probably an understatement. edward, thank you very much. edward lawrence in washington. to blake burman in the same locale, following up on the president's abc appearance last night in which he talked of the possibility of a vaccine almost immediately. what are we hearing on that front? reporter: pretty close to immediately, that's right. the president in a town hall in pennsylvania with abc news' george stephanopoulos continued to pitch this idea a covid-19 vaccine is in sight, suggesting if you match up the timeline that there could be a vaccine in

early october. watch here. >> the previous administration would have taken perhaps years to have a vaccine because of the fda and all the approvals and we're within weeks of getting it. you know, could be three weeks, four weeks, but we think we have it. reporter: however, that would be ahead of the cdc timeline as the nation's top political health arm has told governors to be ready to distribute the vaccine potentially in november. the head of the cdc laid out this timeline up on capitol hill during testimony this morning as to how vaccination could potentially work. listen. >> sometime between november and december, but very limited supply and we'll have to be prioritized. if you're asking me when is it going to be generally available to the american public, so we can begin to take advantage of vaccine to get back to our regular life, i think we are probably looking at late second

quarter, third quarter 2021. reporter: late q2, early q3 for general vaccination. once that vaccination is given the green light by the fda, it will take some six to nine months in his estimation to get the country vaccinated. i listened to this hearing up on capitol hill for a couple hours today. the nation's top health experts, i can't say it enough how much they stress still the need to wear masks and the need to stay socially distanced. neil? neil: yeah. not everyone does that, do they. blake burman, thank you very very much, my friend. be safe yourself. blake burman on all that. scott walker, the former wisconsin governor, on all these moving developments here. do you think, governor, always good to have you, that the president, that might not be his intention on getting people's hopes up, if it doesn't materialize in a few weeks, they will be disappointed? >> no, as a governor i know part

of the role you have is to be aggressive, to work for the best the people you represent. in this case, i think people all across the country want to have vaccine and they know if he doesn't push, it's going to get pushed back. i think in this town particularly with the fda and all the bureaucracy. i would love to see it i think as an american, not republican or democrat, i would just love to see it sooner rather than later. even if we start to see the early stages, i think that's a good sign even if it isn't out en masse to all americans as was reported until maybe realistically second quarter of next year but it does give us hope particularly for the people most at risk. it could be before the end of this year. neil: how do you think it should be parcelled out? i mean, you always hear health care workers first, then the most vulnerable population, seniors, those with respiratory illnesses, the group most vulnerable to covid-19. how would you do it? >> that's one where i think it's important, i'm glad the cdc has

been working with the governors because states are going to vary. it shouldn't be a one size fits all. certainly with those overriding priorities, people who are on the front lines and have been now for months, providing care to covid-19 patients, certainly i think those at most risk, particularly people in places like nursing homes. we have seen tragic results in places like new york state, where they through a state order actually ended up putting people who were positive into nursing homes and we see how quickly it passes through areas like that. so making sure people who are at the highest risk are some of the first ones to get that. meantime, i have literally got my mask here. wore it on the way in. continuing to be safe. but this is why it's so important not just that the government's involved but that we talk, we communicate about what's going on and we actually have enough confidence in the american people, not just the american government, to talk about what needs to be done so that you don't have these heavy-handed approaches like we have seen in either coast and then they lift it and suddenly

there's these outbreaks because people really didn't understand why. they just understood the what. i think that's going to be critically important going forward. neil: the president, whether accurate or not, governor, gets very low marks for his handling of the virus, what he knew and when he knew it, the accusations in the woodward book come to mind. he said he didn't want to alarm people and he doesn't think there was any fibbing or lying going on there, but they don't trust him when it comes to this. how do you know they will trust him when it comes to a vaccine? >> i think it's got to be more than just one source. people forget this. back in march, for all the talk about this book, in march, dr. fauci told -- and dr. birx for that matter, told the president and vice president there was the task force they needed to take dramatic immediate action or as many as 2.2 million americans could potentially die because of the coronavirus. they did. remember the whole bend the curve campaign, 15 days, then 30 days. they took the action fauci and birx and others asked for at the time. they understood the information and acted on it.

while we certainly mourn with anyone who mourns a loved one during this time period, the fact of the matter is their actions, listening to that request way back in march, saved lives, not just lives, arguably hundreds of thousands of lives, but i think because of a lot of discussion, not just in many media outlets but many social media outlets, don't acknowledge that and take some of the comments from the president out of context as we have seen over the last six or seven months. if you look at what he's done, it has been highly effective from what people like dr. fauci who is widely respected across the political range, warned about back then. again, 2.2 million. thankfully we never got close to that and it's because of that early action. neil: we shall see. scott walker, very good catching up with you. former governor of wisconsin. scott walker. political action committee executive director and fox news contributor is with us now.

i don't know how soon a vaccine could be had, marie. we hope the sooner, the better. but a lot of americans are skeptical of vaccines in general, particularly one may be deemed to have been rushed. how is all this going to sort out? >> neil, that's an excellent point. something really important to discuss. when president trump talks about the bureaucracy at the fda and in the approval process, what he's actually talking about is a really important part of the vaccine development and approval efforts that we have in this country. the reason there's this bureaucracy is so people can have confidence once they actually have something to inject as a vaccine into their bodies. this is a really scary time and we want americans to have as much confidence as possible. that's why the process is so important. so i wish that president trump wasn't talking down that process and wasn't giving this impression that we are rushing it. i hate most of all, i think it's most concerning when he ties it

to the november election, which he does with everything, but when he says we may even have it before that important day in november. the science really needs to be driving this and vaccine development just takes some time, especially with a novel virus like this one. neil: all right. we always try to give the benefit of the doubt it's not about rushing for the benefit of the election. let's see. i do want to talk a little about joe biden ahead of this upcoming debate. some democrats i talked to, you are much more connected than i will ever be, but they are concerned about some of the faux pas that joe biden has had on the stump or some of the miscommunications, concerns, he relies on a teleprompter. i don't know what is the case here but i do know there are fears that unscripted and in a debate venue, he could get eaten alive. what do you make of that and the concern that some in your party have for their nominee?

>> this is a really interesting strategic political question, neil, because donald trump and his supporters are basically setting the bar so low for joe biden that anything he does above that will be seen as a win by a lot of people. i don't think it's smart politically for donald trump to say joe biden isn't a good debater. you are supposed to talk up your debate opponent so then when you do well, it looks brilliant. but look, i have known joe biden for a long time, worked with him in the last administration, and he certainly is folksy and not always perfect with every word he chooses, but he comes across in debates as very empathetic, as really in tune with what the american people are looking for, and i think that's the contrast he will draw between himself and donald trump. look, we saw donald trump last night in that town hall actually take questions from real american voters for the first time in a long time, and he didn't address them directly. he didn't answer the questions. he went off on weird tangents.

i think democrats actually feel pretty confident in joe biden against donald trump, a man who meanders and tells a lot of lies when he does so. i think democrats actually feel okay right now. neil: i see what you're saying but i also see that this president will at least engage people. he's had more practice at it, you're right, that was quite unique, but the fact going to and from air force one, marine one and engaging reporters' questions, you know, joe biden has not been doing that that much. you think and worry that he might be rusty or might be old? now again, when i get of a certain age, i'm the last person to talk about people looking old. i mean, if i remember to put my pants on in the morning it's a good day. so you know what i'm saying? i understand the frustration there. but he's looking it, he's feeling it, he's sounding like it, and that that could come up in an unscripted anything goes debate. >> i mean, look, first, i have

full confidence in your abilities so we don't need to worry about that. for democrats, voters know joe biden. they have known joe biden over decades in public office. is he always 100% perfect in everything he says, no, but they know what to expect from him and in this time in our country where we really do hear from voters across the board that they want stability, they don't want more chaos. donald trump, even in these unscripted moments that he does quite a bit, exudes chaos. he exudes controversy. he says things that are off the wall or that aren't true, and he may be more practiced at it but the american people it seems like from polling right now want someone who is steadier and joe biden has been seen that way many times. look, i think he's practicing, he's doing debate prep. i'm pretty confident he will be ready for these debates but i will say, they do take on even more importance right now

because of covid limitations on in-person campaigning. i think a lot of people are going to be watching this first debate, really trained on it in a way that even four years ago maybe they weren't. neil: i definitely think you're right. marie, always good catching up with you. marie harf. we will see how it sorts out. we will see how snowflake is sorting out. racing ahead 136 points. stay with us. from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today.

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neil: all right. it is a very big week for ipos. perhaps this one getting the most attention, because it's the largest certainly in the history of software offerings that hit the ticker tape, if you will. snowflake right now, big data base provider online, up in the cloud, as it were, right now its stock price up in the clouds. right now, up about 116%. that's from an offering that was repeatedly revised upward from $75 to $85, then $110, then

$120. now, as you can see, about $260. lauren simonetti on that. that may not be the only game in town. busy week, right? lauren: i would bet that you, myself and many others two weeks ago didn't even know what snowflake did or what it was. now i'm going to tell you that it is the biggest software issue of the year, in a year that has seen the most ipos since the dot-com boom of 2000 and the dot-com bust, i should say, too. this is the information that you need to know. it ipo'ed at $120, opened at $245, is trading at $261 now. so more than doubling on day one. huge bump from the original price just last week. as you noted, $75 to $85 a share. what is going on? i'm going to give you three reasons for this euphoria, if you will. first, this is a solid cloud data base, warehousing company. it sits at the heart of where the tech trends are right now and will be in the future.

second reason, tina. there is no alternative. investors are seeking growth outside of the big five tech names, fangs, and the third one is it's got backers including salesforce and warren buffett who is a value investor. so i ask, is snowflake a value stock, a growth stock, both? do investors even care? for now it looks like it's a growth stock. they have prioritized their top line growth over profitability kind of like amazon in the early days. and both institutional investors who got in early when it was much cheaper and the retail investors, the regular guys, trying to get in today, they might actually be okay with these high prices. they have been this year. he want to show you some of the recent day one pops for 2020 ipos, because some of these names are also unprofitable. big commerce, they power shopping web sites, look at that, up 200% on day one. it's all about technology this year. this week, there are 17 ipos,

today six. software company jfrog and stepstone also ipo'ed today. next week, we will have a few as well. so we continue to ask ourselves is the euphoria we are seeing, is it a red flag or is it a sign that look, the timing is right, you got to strike while the iron's hot. neil: it is that. man, oh, man. so many of them at the same time. lauren, thank you very very much. lauren simonetti. we also have the federal reserve wrapping up its two-day open market committee meeting, so about 2:00 p.m., 24 minutes from now, we will know what's on their proverbial minds here. they have kind of run out of options, if you think about it. interest rates already low, expected to stay low the next few years. i don't know what other tricks they can come up with. i'm sure connell mcshane and dennis gartman do. gentlemen, welcome to both of you. you know, connell, i look at what they might be able to

outline, they have thrown crazy dollars at this economy, considered buying everything from mortgage-backed securities, corporate bonds, municipal bonds, treasury bonds, keeping rates very very low. what else? >> not much, neil. i think it's a question of timing as it has been for some time now, in terms of when the federal reserve kind of pivots and makes some sort of a change. we have had so many conversations over the last number of months about the separation between the economy on main street, the separation on the stock market or wall street and how well the market has done, how those two have been kind of pulled apart. it will be kind of interesting to see that when improvements to the real world start to take hold, the main street world, for example, when the virus finalsly p is finally put in the rear view mirror, maybe that starts with a vaccine, i know we have had discussions about time line today, does that signal a top for the market because then and only then is the time when the federal reserve can let go a little bit.

but it seems like, just from everything we have heard today and all the discussions we've had, that that's still a ways away at this point. live it up. low rate environment. neil: yeah. you know, dennis, you said this before but we talk about the outcome of the election and what the markets are telegraphing. i don't want to put words in your mouth. but you always came back to if the fed is there, it's kind of like a backstop. none of the other stuff matters. do you still subscribe to that view, that the fed is going to be there whether it's for president biden raising taxes or president trump trying to keep a recovery that he says he started going? where does the fed fit into that? >> the fed tries its very very best to always be apolitical as they possibly can be. i'm not sure that they can continue to be as apolitical. it's going to be interesting. the fed has told us abundantly time after time after time over the course of the past several months that rates are going to stay lower for longer.

i say really, what it will down to is lower forever, almost. it's astonishing. they are talking about changing policy to allow an average of inflation to be above 2% and as the great baltimore writer, i just went blank for his name, i will think of it in just a second, that's what happens when you get to be 70 years old, there's the great line be careful what you ask for because you just might get it good and hard. the fed is talking about allowing inflation to be above 2%. they are probably going to get inflation to go to 3%, 4%, 5% before they start tightening monetary policy. as marty sweig said always follow the fed. they will continue until they stop and maybe years before they do. it's astonishing. i stand in absolute abject awe. it's what fueled the stock market going to new highs. it may continue. neil: all right. it was roseanne roseanna dana.

you and me, we get that reference. guys, thank you apologize for the truncated time there. all right. we have snowflake smoothing along. a lot of buying interest, lot more interest in offerings to come. that's a bullish underpinning. who knows, maybe the federal reserve will refer to that when they talk about the backdrop. after this. i'm a verizon engineer. and i'm part of the team building... ...a powerful 5g experience for america. it's 5g ultra wideband, and it's already available in parts of select cities. like los angeles. and in new york city. and it's rolling out in cities around the country. with massive capacity. it's like an eight-lane highway

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neil: you think the law and order issue is a big one here? it used to be a really really big deal in colombia, during the days of drug cartels, remember them, that were ruling the streets and leading to rampant crime across that nation. then uribe comes in, the leader of colombia, wipes out a lot of these bad groups. we have a succession of deals to get all those deals done to make sure the bad guys were

aggressively policed and there was law and order returning. that was then. high crime and violence on the rage again. a lesson for us here that if it happened there, it can happen anywhere. that was a big deal that turned into a big worry. a lot of people avoiding the country as a result. could they avoid ours, looking at what's been happening in our country with increasing violence and protests? vanessa, what do you think? there could be a telling lesson in what's going on in colombia. >> yeah, there is a telling lesson. i want to make clear that i have for several months been offering my services for free in diplomatic advice on the cause of venezuela but my comments today are purely, as you say, as a private individual. i know colombia very very well, having worked with the integration of paramill taritap.

the issue are several things. you have a peace agreement basically hanging on by a thread. you have colombia under heavy pressure by the 1.7 million venezuelans that have come over as refugees trying to escape the nightmare under maduro. add to that, the fact colombia is part of latin america and latin america structurally throughout the region has several things. a very large and formal economy which means lots of people outdoors, a very weak and patchwork economic safety net and great inequality. all of these things have been really cracking under pressure of covid-19. then now with the indictment of uribe, a man who brought peace, thus adding further pressure. colombia since 1946 has been right wing versus left wing in terms of its violence, and now uribe has amongst his supporters almost a saint-like following,

literally. so now this is viewed instead of just an issue of law and order primarily, it has divided the country into those who wanted the law and order under uribe and the left wingers. added to this, the pressure from the immigration, from venezuela, and covid-19, and this is what has happened. it has fed into long-standing issues in colombia and it's very unfortunate because they have been up until now the great success story in latin america. neil: so it looks like the bad guys, at least those who mean to revisit the old days, are having more of a run of things. lessons here? what do you think? >> well, you know, each side will likely benefit gustavo pedro, who was the leader of the left wing marxist guerilla

group. he's a marxist guerilla terrorist leader and now he will run again for the presidency and what this situation really calls for is a much stronger hand, because that is what colombia really requires and understands. so unfortunately, this is going to be exploited for natural reasons and it was likely to benefit the possibility of a left wing president in colombia next time. neil: crazy times. vanessa, thank you very very. . good catching up with you. i want to stay in touch because what's happening there seems to be spilling over to a lot of other places. we will monitor that. also, take a look at the big ten. did it just, just take a big 180 when it comes to resuming playing football? maybe. maybe that's good news. after this. our retirement plan with voya gives us confidence... ...so we can spend a bit today, knowing we're prepared for tomorrow.

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using the electric pump. aerotrainer works for families, beginners, and athletes. use it anywhere. even strengthen your core while watching tv. head to aerotrainer.com now. aerotrainer's unique design allows for over 20 exercises for a total body workout, all while maintaining safe, correct form. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. neil: all right. looks like the big ten just made a big 180 when it comes to playing football this year. a little delayed, but not denied. kristina partsinevelos with more on all of this. what's going on, kristina? kristina: well, it's one for all and all for one. they have moved ahead with an abbreviated fall season starting october 24th, eight games in

eight weeks. what a switch-around. just five weeks ago the schools voted 11-3 to postpone the season. but they all decided or voted unanimously to move ahead even with the university of wisconsin chancellor telling reporters they were all going to quote, move together, and this isn't going to be a school by school thing. the president of the united states took to twitter when the news broke, tweeting out that have a fantastic season. it is my great honor to have helped. but the schools could have stood to lose millions of dollars if the season hadn't have gone through. so what is different this time? well, first they have daily covid tests for all the players. they have to be marked down so that they can pass and get on to the field. you have enhanced cardiac screening which is an important one. data-driven approaches to practice. and unfortunately, if a player does test positive, they will not be allowed to play for 21 days. this means it has to go without a glitch because they have eight weeks to do it. they need to be done before

december 20th when it's selection day for college football playoffs. we know the big ten will be joining six other conferences, acc, big 12 and s.e.c., pac-12, though, we still don't know if they will head forward with the fall season. espn is reporting a mid to late november start at the earliest. one thing's for sure. the excitement is heating up for college's most beloved and lucrative sport. back to you. neil: wild. so eventually we will see it. thank you very much. again, as you said, i wonder how they sort that out with an abbreviated season, the other conferences playing a full slate, but they will figure it out. they always do. there's a lot of money involved. lots and lots of money. corner of wall and broad, lot of money being made on a number of initial public offerin offerings. strong response to the largest software debut in american

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♪ neil: they say the real task of a new offer on wall street is not in its first hours of training but the first few days and weeks. remember facebook with the infamous start and then it tumble that took weeks or actually wants to shake off and

then the rest was history and on its way. snowflake starting out strongly leading a pack of new trying to bide for buyers attention but it is getting its fair share north of 118% advance. now i take you to charles payne hello, charles. charles: i remember that phase. they hiked up the offering price three times and it was a bit overdone on the green side and we will see what happens. neil: absolutely. charles: thanks, neil. good afternoon i'm charles payne and this is "making money". breaking at this moment, stocks for the most part just ahead of the fed decision moments away and while we were told to expect in the whole rate study all the fireworks will start with the question and answer time and that starts at 2:30 when we hear from federal reserve chairman jerome powell. wall street will want more specifics on what magical tools will be used to accommodate their new mission.

meanwhile, the markets seem to regain momentum as buyers are broadening out beyond and then of course there is the hottest ipo of 2020, snowflake began trading today sizzling breaking all kinds of records right out of the gate and their avalanche of other ideas ready to go. we've got a big show for you coming up on "making money". in the meantime, i want to go to edward lawrence for the big decision from the federal reserve. edward. >> charles, you are right. the feds will hold rates where they are through 2023 and a statement they changed the language to match the monetary policy review changes that they made sane they would have an average of 2% in the inflationary and maintain it so inflation averages 2% over time in the long-term and inflation expectation will remain anchors at 2% in this bid the committee expects to maintain an accommodative stance on monetary policy until these outcomes are achieved and that is dfent