tv Cavuto Coast to Coast FOX Business September 30, 2020 12:00pm-2:00pm EDT
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we want your questions. we really want your comment, okay? you might featured on "friday feedback." it is last segment on friday morning before 12 noon. look at this, nice rally. up 400 points. you see what i do for you, neil? it's yours. neil: remind me to write you that thank-you letter. thank you, stuart, thank you very much. we have a 450 point gain on the corner of wall and broad. this is an amazing turnaround or big change in these numbers, double, whatever, it will be a down september but it will be an up quarter, an up third quarter. so that for the third quarter, or this most recent quarter, that would be two back-to-back quarterly gains for stocks. but what has got them lifting today, really very little to do with the debate last night. talk about surreal, we'll get to that in a second, but everything to do with the progress on this coronavirus stimulus measure right now that has treasury
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secretary of the united states steve mnuchin planning a meeting with nancy pelosi to discuss it which means maybe republicans can go along with this, cobble together something acceptable to both sides but just the talk of that, and some of the stimulus that would give the economy a boost, markets a boost has stocks raising ahead. hillary vaughn following that, but the postdebate excitement. both candidates are out on the stump. president trump will be in michigan. former vice president in ohio. busy in a lot of states. hillary in ohio with more. reporter: hi, neil. biden has his busiest schedule on the campaign trail we've seen since really the primaries, way before the pandemic. he has seven stops today as he kicks off his train tour. biden hopped aboard an amtrak train. he will hit seven different
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cities on one of his favorite modes of transportation the amtrak. it is a nostalgic moment for a man spent decades taking that very train from wilmington to washington. the familiar sound of the commuter train's horn did interrupt biden's remarks today for just a moment. >> that is the commuter. all right. [train horn] that is what, folks, look, you got big corporation jump in front of the line to get recovery of the economy fast, while small businesses are struggling to stay open. in the end his measure of economic health is the stock market. reporter: the train's tour starts here in cleveland, ohio, and ends in john town, pennsylvania with a drive-in event with the public. similar to what we saw at the convention when biden accepted his nomination. today's stops in ohio are counties with a lot of manufacturing workers where they
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live. almost 100,000 of them in those counties work in manufacturing. so he took time today to attack trump on part of his record. the fact that two different car companies closed their factories here in ohio and moved elsewhere. but today biden's campaign is chugging along with they're calling a victory lap after last night's heated debate, having the best fund-raising hour ever last night, raking in $3.8 million between 10:00 p.m. and 11:00 p.m. last night. the biden camp said trump lost the debate last night because he lost his temper. president trump: your party wants to go socialist medicine and -- >> right now i am the democratic party. president trump: you know that joe. >> i am the democratic party right now. president trump: not according to harris. >> what i approved of. i beat bernie sanders. president trump: not by much. >> i don't support the green new deal. president trump: that is big
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statement. >> let him speak, mr. president. >> he just lost the left. >> number two -- >> you just lost the left. reporter: newest attack were not from biden directed toward trump, but biden directed towards bernie sanders who was asked today in an interview on "the view," bernie sanders was asked about biden saying he does not support the green new deal. he does not support sanders socialist policies. and bernie sanders said he wishes that were true. neil? neil: interesting. thank you very, very much. hillary vaughn on that. real quick peek at the markets. i do want to touch on the debate with them. some of the catalyst is optimism about a coronavirus stimulus deal. 1.2, half a trillion dollar range, could get up to close to two trillion dollars. the devil is in the details. we simply don't know them. we do know that treasury
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secretary will be meeting with nancy pelosi. they have been phone pals last couple days talking back and for the on. this stress appears, i stress appears to be coming together. pending home sales year-over-year were up more than 24%. less than bad expected number on gdp in the quarter. we knew it was awful. came out as not as awful. looking at adp report on services sector jobs growth about 749,000. that might signal some strength to come as big overall employment report on friday. you have some people buying maybe then assessing whether all of this is much ado about nothing. let's get the read from scott shellady, the so-called cow guy, danielle dimartino booth, quill intelligence ceo, former dallas fed advisor. you know, scott, is there a sense you get that, forget how
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weird it is wall street celebrates more big government spending plans, but that we are going to get this and that is something it likes now, expects now, wants now and appears to be on the verge of potentially getting it now? >> yes. like one of those things they talked about it so much they think it is a for sure thing and they will be very disappointed if they don't get it and my read on wall street right now is the research i'm getting they say, hey, there are three, four, three things more important than who the next president would be. number one efficacy of a vaccine. number two, is the fed going to be there. number three is the trajectory of our economy. all those things are doing pretty well. i think that is why you have seen the markets hold in there. i would say the market is more capitalism versus socialism that is me personally. right now the way numbers are coming in, it is pretty hard to read. everything is looking pretty good, like a teenager growing pretty quickly but he is still uncoordinated, right?
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we're still finding our way. not everything is fantastic. we have a lot of restaurants in new york, 90 percent of them in august couldn't pay their rent. yelp has 160,000 restaurants on their site which 100,000 they, 160,000 on the site closed march 1st. 100,000 they think will never reopen again. we still have bad spots. but it is great to see the consumer confidence, things we got to. we'll see if we got to grow into this body and stop being so uncoordinated. neil: i like that reference there. danielle, do you get a sense the markets are even thinking about the election or could they live with either guy winning or is there something we're missing here? >> i think the markets are focused more than anything else on the bifurcation we've seen between high income earners, benefiting from the stock market, benefiting from the home equity growing, they have tone over $100 billion in cash out refinancings.
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you may remember treating your house as an atm machine. with 13% year-over-year home price growth, it is back. millions are pulling billions of dollars in cashouts. those are the haves. why people refer to it as a k-shaped recovery. why stimulus is so essential. adp report small businesses are on their knees. that hiring has not come back. seeing in survey after survey, scott was saying permanent closures. futures were pretty far down between disney announcement of 28,000 job losses. royal deutch shell, a few other oil producers. last night kpmg are laying off 4% of the u.s. workforce in talks audit consulting. i think those are called white-collar jobs. there is a lot of, there is a lot of conflicting signals in the economy right now but i think what the markets are telling you loud and clear meeting set to go on half an hour from now is the most
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critical. without expanding the social safety net, if we continue to see bankruptcies and layoffs, you will have to find away to make sure that consumption doesn't falter. neil: danielle, final word. scott, want to thank you as well. the dow up 451 points on optimism, details maybe see ironed out on this stimulus measure. that and the fact joe biden will make remarks 12:45, possibly, get his take on the debate last night. depending who you talk to, it was a shout fest. no one moved the needle. if you're the guy leading in the polls, is that enough for you? joe biden is. scott walker former wisconsin governor, former 2016 presidential candidate in his own right with us right now. governor, i know where your preferences lie in this battle but, did you have any problems with the way the president comported himself last night?
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>> well the style last night for both was a little bit like watching combined simultaneously the movies "fight club" and grumpy old men. i don't think most people like the style of either the candidates out there, i think in the end on substance, hard to tell people if people were able to cut through the style but on substance the president landed some pretty good blows, talking about the economy, talking about biden pushing 4 trillion-dollar tax increase. thought of things like climate and energy where i thought the former vice president thought he had the upper hand the president gave pretty solid answers wanting clean air, clean water but not wanting to ravage the economy to do that. the question is, most voters that i think, matter, that being independent voters from what i could tell watching some of the pollsters out there were just disgusted with the whole thing. if anything, might walk away not voting for either of the
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candidates. neil: you know, we certainly don't know how many minds were changed. certainly among independent or undecided voters. we just don't know. i don't know how anyone could make traction last night with that but having said, there is interesting developments in the background happening, governor, with the number of people who are sending in mail-in ballots. right now the latest indications are that it is mostly democrats doing so. nine million voters who acquired mail-in ballots through monday, we're told 52% were democrats, 28% were republicans. 20% were unaffiliated. that was a phenomena playing out in florida, pennsylvania, north carolina, and dare i say wisconsin. what do you make of that? >> well i think it is the president talking about this. now in the last few weeks he has changed a little bit and made it clear that the for absentee
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ballots like we have in wisconsin where you ask for them, the voter has to ask for them, they're not just mailed randomly to addresses that may have voters like in california and now doing in nevada and other states but i still think, i hear this often times from people when i encourage them to consider an absentee ballot, no, no, i don't like that. i think that is reflection of the president. he did it again even last night. it is hard to distinguish between absentee ballots and 100%, having the election by ballot but i think in the end those folks will show up. they're motivated, a higher level of enthusiasm. i don't think anything largely last night doesn't continue to motivate the president's supporters. at the same time, if you loved the president, you saw him in his full glory last night. if you hate the president you probably were already aligned with joe biden. the key question what do the undecided voters do, my guess either they walk away or they're going to wait to hear what happens next week with the candidates for vice president.
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they will probably watch the next two debates. i think the one that is critical the second of the presidential debates. that is where they have a crowd there, albeit a small one where they have a bit of a town hall session. i think that will be important because the president needs to be able to relate. he can take on a moderator but i don't think he can take on everyday american citizens. i think he actually does pretty well in that. we've seen that well before, saw it abc did the town hall session. he does a pretty good job of it. i think that is where he has the ability to impact undecided, persuadable voters. neil: do you think his behavior, forget about joe biden, trying to get a word in, saying things like shut up, all of that, both sides could share some embarrassing moments but do you think the president was presidential? >> well i don't think the -- people know donald trump. they know what he does. i thought the bigger shock was joe biden saying, come on, man, shut up.
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i think for all the hype joe biden, the former vice president's wife saying he would come out on that stage and look presidential, i don't think any of them, either of the candidates looked what many of us traditionally would expect in terms of being presidential but remember this is all about expectations. nobody, very few if any of the people expected that from the president. they thought maybe they would see that from biden. my advice, if he is taking it would be aggressive, be the strong man on the stage but don't get into a fight with the moderator. keep your focus. make your argument not about defending yourself or your policies but about defending america. that is really at stake. if he does that, i think he will make good inroads come next two debates. neil: do you think he can do that? >> i think he can. i mean, remember, this is not just donald trump. arguably eight years ago the toughest debate that barack obama had was the first
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one eight years before, the same was true with george w. bush. typically incumbents are in a different place. they don't prepare the way the candidates do. i don't know that he prepares necessarily but i think just a few tweaks. i wouldn't fundamentally change it. i still like him being aggressive. i think on occasion he should interrupt joe biden when he says ridiculous things not accurate, not true, most people don't related to. i wouldn't get into a battle with the moderator. i wouldn't do it all the time. i would be selective in my moments interrupting. rest of the time i will talk with the american people. i think he will do better with an audience in the second debate. neil: we shall see. governor scott walker, very good having you on again, thank you very, very much. both parties are trying to pounce on last night's debate as on opportunity to raise money. we don't know all the details what republicans are doing, who is raising at that dough post the debate. we do know what the democrats are doing because they say we're getting money hand over fist
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♪. president trump: your party wants to go socialist medicine. >> my party is me. right now i am the democratic party hard to get any word in with this clown. >> radical left -- >> will you shut up, man. keep yapping man. >> there is nothing smart about you, joe. 47 years you have don't nothing. >> you're the worst president america has ever had. come on. neil: whatever you say bounces off me and sticks to you. we were one line away from that in this surreal cac could have fon can could cacophony. we have a big biden donor panned among the world's most successful venture capitalists. he has done well at that. alan, good to have you. what did you think of the debate,. >> neil, first of all it is rights of spring, every four
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years you and i get on television. i hope many next couple months. what did i think of it? i saw it last night, donald trump the bully. by the way i was watching on the fox network i want you to know. donald trump evidenced what i remember from my grade school as someone who out shouted everybody and who became the ultimately the most unpopular person in the class. he overshouted. he over, frankly when joe reacted and shut up, exactly what every single person watching on tv felt like jumping up and say exactly the same thing. it was ashame that each one couldn't get a chance to tell the story. i guess because donald doesn't have a story to tell. i thought joe did very well. neil: did joe biden comport himself well, did biden comport himself, shut up, called him a clown, called him a liar, called him a racist? all the back and forth didn't,
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you know, make him come out smelling like a rose? >> i thought he, he really, he did just what i'm doing right now, looking straight at the camera and he talked to the american people and said, worry about your health insurance. this man wants to take away your health insurance. that is something that resounds enormously with all americans, including me. i mean we all have a concern, getting proper health care. joe evidenced his presidential qualities which is really what this is all about. unfortunately donald trump embarrassed all of us again showing us he doesn't have the personality or the demeanor to be the leader of president most important country in the whole world. neil: yeah, but again, joe biden had a couple opportunities to answer some simple questions. maybe he was interrupted we never got any answers whether he would endorse this push on the part of democrats now to maybe
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pack the supreme court, you know, blow up the filibuster. he refused to give any answers on that. he also refused to, you know, to get into some of the law and other issues. that maybe because of the interruptions which might have saved joe biden because he seemed stammering on some of those issues when they came up. maybe those interruptions saved him in the debate? >> you know, neil, on packing the supreme court that is a extreme issue. that hasn't even been suggested for some years. neil: right. >> back in the 1930s if i recall, certainly not lately. neil: but enough democrats are saying it alan, wouldn't it be encumbent on the guy representing the democratic party, become president, if he so elected to give people an idea whether he would support some fairly sweeping moves here? >> neil, i disagree with you, to made that comment would have
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frankly been, i forget the count of type, would have bold, large type on every newspaper in the country if he had made any comment about that. i think it would have been very inappropriate to make a comment. that is something -- neil: you're making argument that i have, alan. i got the sense he is sitting on the lead, playing it cautiously, letting president talk interrupt, try to bully him way you want to describe it, and as a result in a situation like that, it might be safe to do that. he might even win doing that. do you think americans were robbed of hearing anything specific out of him? >> why not you're as far ahead as he is. frankly i've been watching the market this morning. i would call this a biden stock market rally. people probably walked away, now we can feel confident that joe is going to be the leader of the country and we can relax about where we think with our equities. joe did everything right as much
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as he was able to speak clearly when he was interrupted it is very hard to overshout someone like donald trump. you know that as well as i do. i frankly, i chris, really had the hardest job at all, who tried very hard. i would expect that, if, i assume there is going to be a second debate, the rules will change and hopefully the moderator will have a chance to shut off the mic of priority person who interrupts and will control this whole thing better. neil: yeah. it was surreal to put it mildly. alan, always good catching up with you, we'll see. the dow up about 500 points. highest levels of the day. there is a back and forth whether any of this runup has anything to do with the debate. more to the point talk after stimulus deal that could be in the works that would give the economy another boost. a little too soon to tell for sure. we're ending what has been a
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lousy month on a good note so far, and a pretty good quarter on an even better number. so far this, if it holds would be the second straight quarterly advance for the markets, after this. 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. i want to dip in right now. joe biden is speaking in alliance, ohio. might say something about the debate. might say something about what he plans to do next. let's listen for a while. >> spend a little time talk about their circumstances. tom worked online at lordstown is now making that eight hour drive to kentucky so he can keep a job and make a living. you know, and jacqueline, who taught high school math at maple heights for years, now worries what will happen to william if they lose the protections that are available through obamacare for preexisting conditions.
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and dave, who is fighting like hell to, as a, for his coworkers after management announced the akron plant was going to close this year. like millions of hard-working americans they're not looking for a handout. they're just liking for a fair shot, to be seen, to be understood, to be heard. they remind me of my dad. i was from another valley, a little further east, the lackawanna valley, scranton, pennsylvania. my dad had a job in scranton and when coal died, everything started to close up we ended up in circumstance where my dad did what you're doing, old buddy, although he didn't have to do it for eight hours. he, what made i call the longest walk a parent has to make up a short flight of stairs to say -- neil: we'll continue to monitor joe biden. doing a train tour, whistle stop, very harry trumanesque.
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going through ohio and pennsylvania. if he says anything pertinent talks directly about the president, we'll immediately get that to you. we should stress his theme has been on the tour the affordable care act keeping it in place, protecting those with keeping preexisting conditions. made a big mistake, wasn't chronicled much in the debate, 100 million americans with preexisting conditions. that is a bit of a stretch. that occurs at the same time judge barrett is making the rounds on capitol hill. it isn't her dogma that will be a front and center issue right now. a lot has to do with the views of the affordable care act. she is no fan of that legislation and in fact in academia criticized chief justice john roberts for his role in all but securing its continuance. anyway, chad pergram following fast moving developments. is it your sense, chad, on the judge barrett nomination fight the health care act, the
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affordable care act itself will be the real issue, not so much you you know roe v. wade or religion but health care act. reporter: they will get to the case to the supreme court in early november. democrats if you look at poll having done very well with the health care issue. you want to do this right before the election? we heard vice president biden talk about this extensively last night during the debate. chuck schumer, democratic leader has been focusing on this. there are other long term issues they want to address. because that is so immediate and you're just before the election that is front and center. she continued her meetings with senators today. she met with both senators from indiana, her adopted home state, todd young from indian and also mike braun of indiana. she also met with mitt romney. keep in mind just a few days ago there was questions whether or not mitt romney was going to be game to forge ahead with this
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nomination so close to the election but they met today. listen. >> i'm not active member of the bar i will not respond to that but i can say this, i've been looking forward to this a long time. i went to law school and professors like this, once upon a time professors like this asked me a lot of questions and i'm looking forward to the opportunity to return the fire to, turn the tables if you will. reporter: barrett meets today with a grand total of 10 gop senators includes female republican shelley moore capito, kelly love letter and cindy hyde-smith. senate majority leader mitch mcconnell says he won't take a meeting with barrett. schumer he is tired republicans say they won't meet because of her faith. >> they won't make religion a person believe an issue. that that doesn't matter to my republican friends. they will slander this imagine
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jerry issue anyway because they're desperate for a distraction. reporter: here is the schedule, we'll have the confirmation hearings start the middle of the month, lindsey graham the republican senator from south carolina who chairs the judiciary committee, he says that the committee vote will come on the 22nd of october. he will give democrats a little bit of leeway. they can ask for holdover when they vote in committee. you have to get it on the floor. that is why they're right up against the deadline trying to do this before the end of the meant, if you hit any hiccup whatsoever. we saw that with clarence thomas in 1991. we saw that two falls ago with brett kavanaugh. if you get any hiccup. that is a problem, that could derail this before the election, neil. neil: chad pergram, thank you very, very much. now the numbers are there, as chad would like to point given mitt romney would continue to allow this process to move forward. so the numbers appear to be there to support her confirmation, but again, shad
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also pointed out anything can happen. there is so much we don't know about judge barrett. she comes with high, high praise from those that work with her who know her, this next fellow carter snead, the notre dame center for ethics and culture director. notre dame law professor as well. keep in mind judge barrett had been at notre dame and taught there for the better part of 15 years. mr. smead, thanks very much for joining us. i'm sure she is ready for a pretty acrimonious nomination battle s there anything that could come up from teachings or dealings at notre dame that democrats can pounce on and delay this thing that you know of? >> honestly, neil, i have to say judge barrett is one of the most extraordinary people i have ever met and one of the most straightforward and honest with the greatest integrity. i've known her for 16 years. i've been her colleague at the law school for 15 years and there is absolutely nothing i can possibly think of that
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occurred at the law school would be of interest to those who wish to derail her nomination. i will say, that i've been disappointed by senator schumer and others who suggested falsely that judge barrett has taken a position on the affordable care act. she has taken no position. she reviewed a book by randy barnett, a critic of the affordable care act in a law journal and, described his position and then further more made perfectly commonplace an obvious point that chief justice roberts went through some intellectual gymnastics to defend the law. she hasn't taken a position on constitution in the of that law, much less the complicated statutory questions that will be presented november 10th. i have to correct the record. judge barrett never said a word on the affordable care act or its constitutionality. neil: democrats "view" on not, you know, meeting her as she makes the rounds on capitol hill has changed. at first it was because they didn't want to, you know meet
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her as republicans refused to meet with merrick garland, barack obama's nominee in election year. now it is morphed assume this is dogmatic statement we're making on religion. that keeps changing but what do you expect? i'm sure she's very smart woman, she knows what she is in for. she knows this could be pretty divisive battle. maybe along party lines. is she prepared for that. >> i suspect, i suspect that will be the case unfortunately. our politics right now is regrettably polarized in a way i haven't seen before. thankfully i think she, in her person, for those people of good faith who will be, have an open mind when they view her during the hearings, will see someone different from polarized moment. she thinks the role of a judge as completely separate from politics, but that won't stop democrats from asking about her religious views or personal views or her ideology because they want to suggest that
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somehow that will affect her jurisprudence. she said under oath in 2017 and she has said ever since, her record as a judge for the past three years bears out that she believes that there is a firm separation between a judge's personal views and their role interpreting the law, whether that be the constitution or a statute. neil: well-said, carter snead, thank you very, very much. we'll know in a little less than two weeks away from the opening of this process. carter, notre dame center for ethics culture director. law professor at notre dame. a lot of smart people at notre dame. >> thanks so much, neil. neil: the thank you, the dow up 480 points. there is an interesting comment that alan patricof, democratic party fund-raiser, that this is a postdebate biden rally. what does charlie gasparino think of that after this. i have an idea for a trade. oh yeah, you going to place it? not until i'm sure.
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all across wales, police and judges had nothing to do. why? because there was no crime and it can happen here by god's grace, when you come to him. neil: joe biden taking questions in ohio right now on the debate last night. he thinks he won. take a look. >> white supremacist, stand down and stand ready. stand down and stand ready, based on the outcome of election? last night i think was a wake-up call for all americans. what i tried to do last night, i tried to speak directly into the camera to the american people, to talk about their concerns, to talk about what's on their mind, to talk about what i would do were i president. trump has, has no plans, no ideas. didn't express a single plan that he had about how he is going to move forward.
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it made me realize that, just how much is at stake. you know, for 90 minutes he tried everything to distract, everything possible, and it just, it just didn't work but i hope that this next debate is going to be in front of real live people. it will be a town hall and i just hope we're able, i'm looking forward to it. i hope we're able to get a chance to actually answer the questions that are asked by the persons in the room but god only knows what el do. yes? reporter: is there any scenario where you would not debate the president in these next two debates and are there any changes you want to see made by the commission before you debate? >> well you know, he not only attacked me constantly and my family but he attacked the
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moderator. again on his tweets this morning or last night, i discuss hope there is a way in which a debate commission can control the ability of us to answer the question without interruptions. i'm not going to speculate on what happens in the second or third debate. my hope is that they're able to literally say, the question gets asked of trump. he has a microphone. he gets two minutes to answer the question. no one else has a microphone. then i don't know the actual rules are going to be literally. but that would seem to me to make sense. i'm looking forward to it. reporter: what do you have to say undecided persuadable voters who were watching last night and completely turned off by politics? >> i can understand it. it was, i kind of thought at one point, maybe i shouldn't say
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this but, the president of the united states conducted himself the way he did, i think it was just a national embarassment and but look, i just hope that the american people and those undecided voters try to determine what each of us has as an answer for their concerns. allows us to actually speak. yes, sir. reporter: thank you, mr. vice president. you mentioned the president's comments about the proud boys, stand back and stand by. today they made that really a rallying cry. they're rallying around that slogan almost that they have created now for it. what are your fears about the implications of the president's rhetoric and do you have a message for the proud boys today? >> cease and desist. cease and desist. the american people will decide
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who the next president of the united states will be, period. so i'm urging the american people, go out and vote. show up. you can vote early, vote early. vote whatever way is most convenient for but vote. and if you show up in large enough numbers nothing, nothing is going to change. i promise you, if in fact we win this election, this president will step down. a lot of bra vowed dough. the american people will not stand for it. no agency will stand for that happening. might have message for proud boys and every white supremacist group. cease and desist. that is not who we are as americans. >> last question. >> i will let you pick somebody. you have got everybody out here. reporter: okay. mr. vice president, thank you for giving me a question. >> hello.
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yes. reporter: great, okay. i wanted to, just about last night, you said a few things that put some distance between yourself and the liberal wing of the party on the green new deal, med choir for all. can you talk a little bit about whether or not you could be going a little bit too far to the center and alienating some people on the left and related to that, have you spoken with alexandria ocasio-cortez, aoc today or recently? >> no, i haven't and, i appreciated her endorsement. i -- look, we had a debate with, i don't know, 22, 25 people in the democratic party. i, i said at the time that i would tell you exactly what i believed and i would stay, say i why i believed it and why i was running and that is exactly what i did. i did not support "medicare for all." i do not support it now. i support the biden plan that i
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have laid out. i have laid out the most extensive plan with a detail on how i will get us to zero, net zero emissions in the energy sector by 2035, putting thousands of people to work. i have laid out how in fact i'm going to got us to net zero emissions in the united states of america by 2050 across the board. how i would rejoin the paris accord which i helped put together, et cetera. so the green new deal that the president keeps trying to talk about, it is not a bad deal but it is not the plan i have, it is biden green deal. this is what this is about. what the president keeps trying to do, he is trying to run against somebody other than me. i have said to the left, to the right, and center exactly where i am on each much these issues. i did have time and i worked very hard with all segments of the party. we put together a platform that is a platform that i fully
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support. president keeps talking about, what does he call it, this, he has some name for our platform. i can't remember what it is. it is manifesto. manifesto, thank you. well the democratic platform is the one i signed on to, the one that the vast majority, overwhelming of democrats signed on to but the democratic party is a big tent. we have all kinds of folks, that have different views and they're all welcome. we negotiated, we debate and we had a primary election and i won and i have laid out what we're going to do. so i'm not worried about losing the left, the right or center of the party. this is a big party. but i have one of the most progressive records any democrat has run on, i'm proud of it, it is my record and what i want to do. so thank you, thank you. reporter: follow up with unrelated question.
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reporter: [inaudible]. >> i'm going to get in trouble with the conductor but, because i would like to stay and answer a lot of your questions. do i think he created a crisis in confidence? look all you have to do is look at polls all you networks run and significant number of the american people are worried about what he recommends having anything to do with -- there, right, what you're trying to tell me? deal with the covid crisis. and he has, they have lost confidence in him and so that's why i think it is really important that the scientists continue to speak out, say exactly what constitutes appropriate approach to dealing with covid. whether it is a vaccine or any other, any other proposal. and god willing, we're going to have a vaccine sooner than later. god willing we'll be able to distribute it as rapidly as possible but it gets down to ultimately the american people have to have trust in what the
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president says. it is quite clear many, many, many people don't trust him. as it relates as well to businesses. they say open up, even businesses open up are having trouble getting people to come in because in fact the president says things that are just not accurate. so but i, i'm confident that we're going to get on this train or y'all will have to run behind it. we got to get going. but thank you all very much. i will talk to you next stop, whatever i'm doing. ♪. neil: all right. joe biden taking questions from fairly compliant media here right now. the toughest he got whether he has any friction with alexandria ocasio-cortezs or by extension the bernie sanders on this green new deal. seeps like about face, the green new deal is part of the democratic platform. this is the biden green new deal. the president saying you just lost liberals, progressives.
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neil: all right. palantir waiting on deck right now. asana the workplace collaboration tool, very very popular. this is one of those direct listings bypassing the traditional mechanisms by which you get, you know, public offerings, well, to the public, but again, palantir is not quite of that bent, but obviously excitement for this offering here and what will be a very very busy end of the year for such offerings. we already had just a couple weeks ago 19 offerings in a week. now it looks like we could be equal to double that in the next few weeks. it depends on their size and whathave you, but that good reception that a lot of these offerings are having and by the way, a lot of the offerings we have already seen that continue to do well, most of them are more than hanging on to any gains they got, not all, but most right now. so we are keeping an eye on that. also keeping an eye on how the market is digesting talk of a stimulus deal that has the
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treasury secretary mnuchin talking to nancy pelosi in person. whether that means a deal is to be had, too soon to tell. but the markets think it could be happening. stay with us. you are watching fox business. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.
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neil: well, if you're wondering why stocks are racing ahead on this final trading day of the month and the third quarter, it has everything to do with talk of stimulus on capitol hill. i know you have heard that once or twice before but something appears to be coming together, or you wouldn't have treasury secretary mnuchin meeting personally with nancy pelosi, presumably to iron something out here. too soon to tell, but edward lawrence following all of this very very closely. this all seems to have generated very very quickly. what are you hearing? reporter: yeah, very interesting. in fact, this is the first meeting in weeks, face-to-face, that the two have had about this coronavirus stimulus package. treasury secretary steven mnuchin is right now on capitol hill. he's not yet in the meeting with the house speaker but presumably very close to going to that meeting. it's scheduled to start right about now. house speaker nancy pelosi, treasury secretary steven mnuchin trying to see if states will get more money, airlines get more help to avoid layoffs and if the american people get
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direct payments. treasury secretary steven mnuchin says that he is hopeful they could announce an agreement in the next few hours. mnuchin said he sees a reasonable compromise, adding that the administration has a good response to the house speaker. mnuchin specifically talked about the airline industry, saying he can announce or if he can announce an agreement later this afternoon, those ceos could hold off on 37,000 workers being laid off starting tomorrow. in the compromise, you could see help to airlines, direct help to americans, a second bite for small businesses, limited liability protections and back-to-work credit for companies as well as money for state and local governments. we asked the governments will be offered more flexibility in the money they already have through the cares act. that flexibility is something democratic-run states specifically are looking for. take, for example, new york. the state division of budget says the coronavirus erased $30 billion in tax revenue over the next two years.
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the extended shutdown did not help. governor andrew cuomo like many other governors hoping washington will fill the gap. >> if we have to close this deficit without washington, there's going to be no good way to do it. there's going to be no constructive way to do it. reporter: the federal government could step in, that money could be used to pay salaries or programs. now on the relief package itself, the house majority whip, steny hoyer, has told democrats that he could put a compromise bill on the floor today. he told them to stick around thursday and friday. again, more indications this is moving in a positive direction. that's what we have right now. back to you. neil: thank you very very much, my friend. edward lawrence following all the developments. before i get to blake burman at the white house, i do want to give you an update right now on asana, the software management tool that organizes everything. palantir, when it comes also to direct listing, just a tad
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different kind of direct listing, suffice it to say there's enormous interest in both of these issues. keep in mind asana has a lot of former facebook veterans in there, including the co-founder of asana, a roommate of zuckerberg over at harvard in the early, early days of that facebook empire. that's when it was in its infancy. he hit paydirt on facebook. looks like he could hit paydirt on asana. in the meantime, until we get news on palantir, we will go to blake burman. we told you about joe biden, taking sort of a whistle stop tour in ohio and pennsylvania. the president plans to be in minnesota tonight. no coincidence at all that these are all key battleground states. blake, what are you hearing? reporter: well, president trump will be making two different stops in minnesota today. first off, a fund-raiser in the minneapolis area. after that, he will head to
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duluth which sort of gives you a two-for-one as duluth is also on the border of wisconsin, yet another crucial midwest swing state. when you hone in on minnesota, it makes sense as to why the president is heading there to campaign today. first off, 10 electoral votes are in play in that state but also, when you look back at what happened there in 2016, the president lost there by just 1.5%. democrats have won the last 11 presidential elections going back to 1976. however, the president feels if he had just made one more stop in 2016, he says he would have flipped that state. however, when you also look at the real clear politics polling average, it shows that minnesota could be solid blue once again, as biden is up there potentially by double digits. the real clear politics average now at 9.4%. minnesota, of course, has been at the center of the national dialogue on race, after the killing of george floyd earlier this year. the issue of race in america,
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one of the topics in last night's first presidential debate. biden heavily critical of how the president responded to floyd's death, while the president tried to frame biden as someone who is weak on safety. >> when mr. floyd was killed, there was a peaceful protest in front of the white house. what did he do? he came out of his bunker, had the military use tear gas on them so he could walk across to a church and hold up a bible. >> if you look at anyplace you want to look, seattle, they heard we were coming in the following day and they put up their hands and we got back seattle. minneapolis, we got it back, joe, because we believe in law and order but you don't. reporter: the president is getting heat for an answer that he gave in last night's presidential debate regarding white supremacy. the president was asked about an extremist group and part of his answer, the president said at one point about that group that they should quote, stand back and stand by.
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president trump will be leaving the white house here about an hour and a half from now in the middle of the 2:00 hour. if he takes questions, i have to imagine that will be at the very top of the list. neil? neil: i would imagine. thank you very much, blake burman following all these fast-moving developments at the white house as the president heads to minnesota tonight. update on asana, mistake on my part, i apologize, i was referring to the facebook founder, mark zuckerberg. the reason i mention facebook and its connection to this, the facebook co-founder is also a founding partner and co-founder of asana and a lot of facebook veterans are behind this management software tool that combines e-mail and all that stuff. it's very convoluted but it's very hip and very chi-chi right now. again, this is a direct offering here so it bypasses some big
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investment banks. they're not too pleased with that but streamline the process. a lot of guys feel this is the way to go in the future. palantir coming a little later today, will be the same type of thing. bit of a different direct listing but direct listing nevertheless. all right. that is the wind at the market's back. positive market offerings right now. this has been a very busy year for initial public offerings in general. i told you about the better than expected news we got on the housing front and we also got out of the adp and job report that showed better than, what, about 750,000 service sector jobs added to the economy. it could be harbinger of things to come. that's why the president kept saying last night we are cooking again. joe biden, not sharing that view. the former presidential candidate, steve forbes, with us now, forbes media chair. donpeebles, national real estate developer, much more. don, you know both of these guys
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pretty well, but in democratic circles, they were raising a lot of money after the debate. thinking not so much that joe biden won but he survived and the lead still holds in the polls. is that your read of last night? >> yeah, i think that the vice president survived, made people comfortable that his faculties are all there but it was a lost opportunity for him and for both of them. i thought the vice president should have spent a lot more time articulating his vision for america, where he wants to take this country and what a biden administration would look like for the upcoming four years. instead, he took a lot of the president's bait and attacked him and even went to name calling which is something i would never have expected the
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vice president to do. so i think as the days go on, the viability of a debate is not going to be the best standard and i think the second debate, he will come better prepared to articulate that vision. i think the president could have done better in that area as well. neil: yeah, i agree with you on that. steve, one of the things i thought were the interruptions, both had plenty of them, but in interrupting joe biden to the degree the president did, he sort of shielded him from justifying or explaining a couple of his positions. like whether he would support packing the court or whether he would, you know, blow up the filibuster, other issues came up but wait a minute, your green new deal isn't the green new deal that is the democratic platform. by interrupting constantly, we never had a moment to see if biden could get out of that box or whether, you know, he got a pass because of the interruptions.
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what do you think? >> that's right. the president didn't let joe biden hang himself on policy and i hope in the second debate he will do so. the court packing scheme that biden refused to back down on, that's a huge -- going to be a huge issue if the republicans push it because the american people feel the supreme court is one of the most trustworthy institutions left in america and the idea that you would politicize it is not going to sit well. the president should have hammered home on that last night and i hope he will do so in the second debate and on the campaign trail. he should also hit biden on that green new deal. exactly what -- he made an agreement with bernie sanders, that joint 110-page monstrosity they put out a few weeks ago. he should have hit him on that. law and order, i thought the president did well but he should follow through on that. but let biden try to explain himself. i had a smile when don said that biden need to paint out what he wanted for the next four years. i don't think biden wants that
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doctrine, massive tax increases, crushing regulations on small businesses. that's why they want to keep biden hidden and hope personality dominates rather than policy and principle. neil: he's out there now and a couple dates to go. i'm wondering, i haven't heard, i guess bernie sanders was on "the view" today. i didn't catch it. i would imagine he would be a little ticked, alexandria ocasio-cortez, at the very least, they would both be on the phone with biden or his people saying what did he say? what do you think? >> well, i think frankly, the far left, they don't have an alternative. it's either they have two choices. biden or trump. and i think they believe that they will be able to influence a biden presidency and they are willing to accept biden moving a bit more to the center and avoiding some of these far left perspectives. but for the life of me, what i couldn't understand last night is the president gave biden a pass on i think one of the
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biggest issues confronting the vice president in terms of driving turnout with african-american voters and that was the 1994 crime bill. the president went for it but then let him off the hook. he couldn't focus his line of questioning and couldn't articulate why this is an issue, and the issue is that black lives matter has been out here protesting mass incarceration and what is the number one cause for the mass incarceration that we have in this country, it was the 1994 crime bill that vice president biden authored with the support and the impetus from president bill clinton. so i thought that that was the biggest lost opportunity and the president was pressed for it but didn't follow through and i think that was the story of last night, is that the president kept letting, as steve pointed out, kept letting the vice president off the hook and then the vice president should have articulated a biden america that would be most acceptable to the
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center of the democratic party and with some independents and i think he lost that opportunity as well. neil: should they have a buzzer for the next debate, or maybe an electric prod? >> i think the president looking to the second debate, he can do it prepping in terms of the campaign appearances between the two debates, is really just focusing on several campaign themes. the 1994 crime bill, which the president did in terms of a reform there, what he did with the economy with african-americans, lowest unemployment rate ever and lower income people having big raises coming along, more than most other people. hit the economy, hit law and order, hit opportunity and don't get sidetracked on what biden did in law school. let biden really do himself in when he has to articulate, spell out what exactly he stands for.
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i think he's trying to fudge a lot of things because he knows what he really stands for is far left. the american people aren't going to like that. so focus on policy, not personality, and i think the president can still pull this thing out. neil: with or without a buzzer? >> yeah. precisely. just stick with the rules. you don't have to interrupt him. you don't have to interrupt him. let biden do himself in. let events take their course. they would go his way. he just has to let them and just stick with it and people will focus then on the substance, not on whether he was interrupting and not doing the two-minute rule and all that kind of stuff. neil: gentlemen, thank you very very much. i always remember when we talk about debates, we will take a quick break here, every debate has a similar kind of format, not all identical, but you have two minutes to respond and one
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the top ten cities in just about the top 40 cities are run by democrats and in many cases radical left and they've got you wrapped around their finger, joe, to a point where you don't want to say anything about law and order, and i'll tell you what, the people of this country want and demand law and order, and you're afraid to even say it. are you in favor of law and order? >> i'm in favor of law, you following it -- >> are you in favor of law and order? >> you asked a question, let him finish. >> law and order with justice, where people get treated fairly. neil: all right. how did that go over? the law and order issue, the president was able to score some points but then of course, like so many other moments in the debate last night on the part of both candidates, it got diluted very very quickly. jason rantz with us out in
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seattle. being in seattle, you know a thing or two about the importance of that law and order issue. how did the candidates reach you? >> so i think biden said something the right way. he came out categorically against the defunding the police movement, and that's what's going to do him some damage in his campaign because in that one line, the majority of people actually support, he also told the progressive base that's been out there rallying and demonstrating and rioting that he completely rejects them. for the most part, that is the base of the democratic party that identifies as progressive or socialist or side with bernie sanders and aoc. you kind of need that base to give you a little bit of momentum in some of these states where things are really really tight. so he said for the first time very clearly on a national stage that he basically rejects their main message, their main issue, and for the most part, up until
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that point he's been trying to play it both ways. i mean, he's quietly talked about his opposition to defunding, but at the same time, he's also said he embraces this movement. well, i don't know if you can embrace the movement that is chanting acab and no good cops in a racist system while also saying you stand for law and order. i think what he ended up doing was alienating the base. for trump, i think he hit this hard really really well. when you point out that you can't identify any law enforcement agency that actually supports you, that's going to push back at this idea that he does in fact support law and order. neil: it is a delicate balance for joe biden, you think about it, the groups that came together to support his nomination in the end and now bring him to the white house or so they hope. you are leaving behind a lot of that law and order crowd. he came out and protested the violent protests, but even there, you could fairly say not
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enough. i'm wondering since he was radio silent during the democratic convention on this, is it too late for him to have a tough law and order stance or does he hope this whole thing goes away? >> i think it's a little bit too late, neil. i think the perfect example was chris wallace asking a question and it was silently devastating to this campaign. joe biden, did you talk to your democratic allies in portland and oregon to tell them to take control of the violence and his answer was well, i'm not in public office. well, that's correct, but you also met with the jacob blake family, you also went to kenosha to talk about civil unrest. you could have clearly gotten involved. neil: i wonder, too, not to be a debate critic, that he was playing it safe. joe biden was trying to play very very safe, almost too safe. i'm wondering if that comes back to bite joe. without the interruptions, he would have been held accountable for those views or explained those views, maybe it would be
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in the president's interest to let him try next time. what do you think? >> yeah. i totally agree. you need to actually let him hang himself with his own policy prescriptions and actually allow the american people to hear the ideas that are coming out of his mouth that the trump campaign certainly believe is not conducive to a winning campaign strategy. by interrupting so many times, i get the position that trump wanted to take. he needed to be a little bit aggressive. he was too aggressive. in doing so, he ended up harming himself. to be clear, on the question of white supremacy, he botched that in a really bad way. it was a softball question that he could have very easily said i wholly condemn white supremacy and then pivot to antifa violence which joe biden is very weak on. but instead he kind of -- [ speaking simultaneously ] neil: you are literally reading my mind. we were covering this last night and i thought that was an easy type of answer. in this case, wednesday morning
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quarterback, but why didn't he do that? you could have both issues going your way. >> my suspicion is he didn't do it because he doesn't want this conversation to pretend that the violence we are seeing in american cities is being done by the right wing. that's just false although that's been a narrative that some democrats and media members who are sympathetic to the biden campaign want people to believe. so i think he's hypersensitive to it. again, you need to be a bit more disciplined. call out white supremacy which he has very clearly done in the past and has done it very well and then you pivot to antifa. because the fact of the matter is, joe biden is incredibly weak on this. i know they are quoting the christopher wray idea concept that antifa is simply an idea. it is true that antifa is not a national organization with a singular leader. but there are antifa groups out there. there are many in the pacific northwest and they are
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organized. they have websites and facebook pages and twitter accounts. they are not hiding this. so when we talk about going after white supremacists we don't say well, that's not a group so you are just calling out an idea. okay, fine. then we call out white supremacists and call out antifa. it's really not that difficult except democrats generally speaking don't want to call it out. neil: you're right. republican senator tim scott of south carolina says i hope he corrects it, referring to the comments the president made. we shall see. or at least clarifies it. very good having you, jason. i appreciate it. be well, be safe. in the meantime, we've got the dow up about 450 points right now. virtually every major sector is up, up and away. optimism that we might not be that far away from a potential, i stress potential stimulus deal. we'll see.
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they didn't want to be shut down. they don't want their states shut down. they want their restaurants. i look at new york, it's so sad what's happening in new york. it's almost like a ghost town and i'm not sure it can ever recover, what they did in new york. people want their places open. neil: all right. well, it starts a little bit today, indoor dining now allowed in the greater new york city metropolitan area at 25% capacity. kristina partsinevelos following all of those developments in new york. reporter: right. for the first time in over six months, you have restaurants in san francisco and here in new york city finally allowed to open up indoors at 25% capacity. we know the industry has been hit dramatically, just over the last little while, and that's because so many restaurants have to get creative with the reopening process. many business owners especially here in new york are worried because cases are increasing, they are worried there might be a second lockdown and that could
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be a death blow to the establishment which is why we came to this beautiful dining room here in upper east side. it was originally or it is called danez. this restaurant is reimagining the business model, getting creative, seeking out brand support, donations, undisclosed amounts of money from certain brands like evian water as an example. they are helping to redecorate this entire room which is what they are currently setting up right now for their 5:00 seating. you can see they have some shrubbery around here so that you don't notice the tables are six feet apart. they want this to feel as natural as possible and not remind everybody we are still in a pandemic. i spoke to the chef and owner of this restaurant. he owns over a dozen around the globe. he says he's in survival mode. >> little by little, we have opened restaurant, bring more staff, but it's a disaster and it's not only a disaster for me, it's a disaster for any small businesses.
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reporter: the chef is in a tough landscape. according to open table, as of september 28th, just two days ago, indoor dining was down almost 47% compared to last year at this time. so you have restaurants across the city, across the country, i should say, that are getting creative like this one here, working with brands, all in the hope they can slowly recoup that lost revenue and of course, keep customers healthy and safe so they don't have a second lockdown. back to you. neil: thank you very very much. i wonder what art laffer makes of all of this, former reagan economic adviser. if you think about it, getting restaurants open, getting business back to normal, even at limited capacity to begin, is the start of an economic comeback but if it's slow, particularly in new york, as it's been criticized for being quite slow, it delays all that, right? >> it sure does. it delays it a lot. if you look at those places with the biggest lockdowns, they are the ones with the highest
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unemployment rates. the places that have opened up their unemployment rates have dropped dramatically. they are back in business. i think we are going to see a third quarter gdp growth rate in the 30s, 32% range, which is a huge, huge v-shaped recovery which i'm very excited about. if new york and california and some of these other states, new jersey, joined us, it would even be bigger. we really need to bring back the economy quickly and that's starting to happen. plus i love restaurants. i just enjoy restaurants. neil: let me ask you about this comeback and the economy. the president thinks it's his friend and we are seen a pickup, we made back half the jobs lost here. joe biden kept pounding the point home this could be the first president, referring to donald trump, to have fewer jobs leaving office as he had coming in. what did you make of that? obviously that was all covid-19 but -- [ speaking simultaneously ] >> he's the first president ever to have a pandemic hit him in
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the last century. you know, when you are faced with a pandemic, coming into this pandemic, he had the lowest unemployment rate since 1969. we had the longest recovery ever in u.s. history. he was doing it really well. he did the tax cuts, he's done all these things. we were as well prepared economically for the pandemic as possible. but then to blame the pandemic on donald trump is really not fair, not correct, and he's done a good job in bringing us back from that. so on an economic basis, trump has done a great job on the economy. there are no ifs, ands, or buts about that. neil: you know this president very well. you also knew ronald reagan very well. they have very different styles. they used to say of ronald reagan that he never wanted to let people see him sweat so he was always laughing it off or saying to jimmy carter, there you go again. this president shows his temper, shows his anger. i'm wondering if he should, you
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know, cool it in the next debate. don't interrupt as much. if it means it's going to force biden to explain his positions more, so be it. but a little more reagan. what do you think? >> well, i'm not a social commentator in how people should behave and talk. i really look at their behavior and he and ronald reagan are very similar with respect to the economy and how they got it going. donald trump is a ceo all the way. he makes the decisions. he's done a great job on that. his behavior on the debate is not the real president that you are seeing. to be honest, he makes those decisions in his office, not with someone else yelling at him and all that stuff. you know, i can't watch debates. never could watch ronald reagan's debates either, by the way. they make me nervous. i want to hide behind the couch. i did not see the debate last night deliberately. but he's done a great job on the economy. reagan did a great job on the economy. neil: i guess that's what i'm getting at. i know you don't like to watch
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debates, i understand that. many feel the same way about halfway through this one. i'm wondering, is there something to be said of that? he's got the good economy going, you've got the comeback going, markets are a little volatile but today's a good example, h'ss got that going for him. great. you don't need the anger part of it. just your thoughts? it's not economics i'm talking about, just style. you have a lot of style. >> well, reagan did a great job in style and donald trump's style is very different and you're right, i don't have donald trump's style but then again, i'm not even close to being reagan. i loved reagan's style and the way he did it but bottom line, it's really how you produce the goods. donald trump, i mean, what is it, trump's talk and donald trump's action has really done probably the best first term in u.s. history on the economy. just talking that. look at that stock market after
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this pandemic, neil. it's just huge. all of this has come back, that's what i'm really looking at, is how he performs and he's really performing well. that to me is a critical key. but my style is not donald trump's style. my style unfortunately is not ronald reagan's style. i wish i could be like the g gipper. neil: you've got your own style, young man. i do want to get your thoughts about where the president goes from here, because he does, one area where he polls better than joe biden on his handling of the economy and confidence that he would do a better job continuing to handle the economy as he's in this sort of box in the polls, those polls could be wrong, i grant that, i'm not smart enough to know which are right but it's a trend that's going against him. so how does he deal with that going forward to exploit the one thing he does have going for him? >> let me, if i can just say something about polls. i'm not going to say they are gone badly, i don't know either
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way but a poll is taken at a moment in time. as you get close to an election, we were well behind in the polls with ronald reagan i think 14 days out, 10 days out we were behind in the polls. as it ended up, we only won 51% of the vote and jimmy carter got 42% of the vote. john anderson got 7%. the poll that really matters is when people are really focused and they don't do their ticky-talk to someone else. they actually do the vote. that's the one you really want to follow. i think that can be very different from the polls that you see being displayed out in the marketplace. i'm not a big poll fan. i'm really a vote fan. especially with these two candidates who are very volatile, very controversial in their own right. i think polls can be way off this time, even if they are done scientifically and well, they could really miss the mood as of the day of the election. neil: all right. you raise a couple examples that prove it. art laffer, the always stylish
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economic svengali. good chatting with you, my friend. be healthy and well. a lot more, the dow over 500 points. asana having quite the debut at the corner of wall and broad, still waiting to hear from palantir. what's interesting about both of these offerings, they are not being done the normal way. after this. ♪ ♪ ♪ ♪ ♪
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so you can start hiring right away. claim your seventy-five-dollar credit when you post your first job at indeed.com/promo neil: today's second new offering shoe has dropped. palantir technologies, the super-secret government data company, it's a private concern that you get data together for the government and the cia, hence it has a james bond intriguing sort of rumors around it. but a very healthy debut that like so many other companies that are skewing investment bankers and underwriters and that thing, is going the direct route. this comes at a time when more and more companies are looking at spotify and slack, asana, you
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know, the work task force management software company, all coming out the gate right now pretty smartly. investment banks look at this and say i hope everybody doesn't get the same idea here, but it is a busy ipo season and these direct offerings, palantir and asana, off to a very good start. in the meantime, we are following lots of new developments. stimulus measures that are coming together potentially on capitol hill, but there was another issue going on on capitol hill that is not getting as much attention, though it should. james comey coming to testify on the hill. the very very latest with all of that, mike emmanuel. mike? reporter: good afternoon. chairman lindsey graham pressing the former fbi director about allegations contained in a new letter with newly declassified information from the director of national intelligence. >> letter now from radcliffe saying there was -- they intercepted information about an effort in july where hillary clinton approved an effort to link trump to russia, the mob. did you have an investigation to
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look and see whether that was true? >> i can't answer that. i have read mr. radcliffe's letter which frankly i have trouble understanding. reporter: former fbi director james comey testifying virtually before the senate judiciary committee. there have been some testy moments with some democrats suggesting this hearing was designed to help president trump get re-elected. comey took this swipe at the president. >> never felt that way about an american president and i don't know whether the russians have something over president trump, but it's difficult to explain his conduct, his statements, in any other way, especially his refusal to criticize vladimir putin even in public. reporter: that comment clearly hit a nerve with utah republican senator mike lee. >> mr. comey, with all due respect, you don't seem to know anything about an investigation that you ran so how can you now as a private citizen and former fbi direct or show up and then
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speculate freely regarding any alleged ties between president putin and president trump? reporter: chairman lindsey graham says there seemed to be a two-tiered system at the fbi with mr. trump, it was plow ahead and investigate. with clinton, graham says, it was a completely different standard. neil? neil: all right. thank you very very much. appreciate that, mike emanuel on capitol hill. we are following the market now in and out of session highs, up 510 points.newsroom here, the fed governor of st. louis is on the wires now talking about still more fiscal stimulus he thinks is needed so that asset prices are vulnerable as this pandemic worsens. true to form, it looks like some stimulus is coming together. all the principal parties are essentially in the sam we'll see. after this. that's what my dad does. good job, michael! ok, lindsey now tell the class what your mommy does...
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a big democratic fund-raiser, he's calling this surge in the dow part of a joe biden market rally post the debate that he says joe biden won handily. if that is the case, what to make of that, whether these next gentlemen agree with that. charlie gasparino, of course, our business journalist superstar. john tammy, real clear market analyst here as well. what do you make of that, this buying surge a response to the market saying yeah, we can live with joe? what do you think? >> you know, wall street is divided among republicans and democrats. we should put up a tweet from lloyd blankfein, former ceo of goldman sachs. he came out today and we should have the tweet somewhere but there he is. he's basically saying the stock market doesn't seem too upset with the prospect of biden winning. obviously he thinks biden won last night despite trump's more market-friendly policies, perhaps folks think their stocks and 401(k)s will do better with higher taxes, increased regulation, than nastiness and
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scorched earth. i will say this. bla blankfein is a long-time hillary supporter. patrick is a long-time democrats. i think the markets are up today based on endless stimulus. if joe biden gets elected and there's a democratic congress, that means they keep the house, and they get the senate, which is likely if he gets elected, there's going to be a reconfiguration of portfolios because you are going to have to plan for massive tax increases, much higher regulation, capital gains taxes, it's going to be a 180 from the trump policies which were very good for the market. neil: you know, john, i'm in the camp that i wouldn't assign too much to this debate, maybe closer to the election we might get more signs of that, good or bad, buy or sell, but this seems to be built on similar stimulus. charlie touched on that, that we are going to get more republicans and democrats appear to be closer together on that, and wall street loves that.
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what do you think? >> i don't think so. let's remember, how could government ever stimulate? what we are talking about then is nancy pelosi, steve mnuchin and mitch mcconnell allocating resources rather than leaving them to the private sector. markets have always known some sort of government waste was going to come and we know it's not going to stimulate the economy so i don't think it can trick the markets. my take on last night was that trump actually did much better than the pundit class thinks. the expectation historically is that the incumbent president does really poorly in the first debate. in this case, i thought biden looked old, i thought trump actually had better command of the facts and the policies, much better than he did in 2016. i thought he erred in not allowing biden to hang himself a few times, when you interrupt so much you don't let someone, he has a tendency to do that. but my read of the debate, i'm no big trump fan but i thought that he kind of won and won going away last night.
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>> i love you, john, but i think you give markets, stock traders a little too much credit here. particularly in the short term. stock trading in the short term done by algorithms and traders is pretty dumb, in this sense. they trade off headlines. there are two headlines out there that are competing with each other for market sentiment this morning. one was clearly that most people think biden won the debate, or trump lost the debate based on what you just said, interrupting biden, not allowing biden to hang himself and making biden look somewhat coherent when he could have let him hang himself. that's one competing headline with biden winning which should be negative for the markets. the positive for the markets was the stimulus. i think even though you know and i know that these government stimulus measures in the long run don't work, they are a headline and the headline today is stimulus and that's why stocks are up. because they would be down otherwise. futures were down on -- when people started digesting the
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debate that biden, you know, came out ahead even though it's like -- it's not anything that he really did. it's more or less trump allowed him to come out ahead. neil: john, do you have a view -- how is your market view now? when you look at let's say the next 33, 34 days until the election, what are you looking at? >> i'm looking at either way, i think if you look at biden last night, you are not looking at someone who is going to accomplish very much in office, which to me is a bullish signal. i would say the same thing about trump. trump is a polarizing figure. guys like him can't accomplish too much either. i would say again, if stimulus trick markets, where's japan been all these years? you would think it would be up much higher. >> short term. short term it works. short term. >> short term in europe, why did we not see that in japan? >> i agree with you. today, we are talking. we are talking today. why is the market up today. i'm telling you, the headline today is not long term, and i agree with you, long term, japan, we could point -- look at the obama recovery. stimulus, nothing really
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happening. stocks did go up on fed but i'm just telling you, today's headline, there's two competing headlines. the stimulus headline won out today. neil: charlie, last word. always want to thank you, john. always a fascinating discussion on this. add to both these gentlemen's points, whatever you want to say is the source of this, the markets like all of this. the dow up 516 points. stay with us. . .
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♪. neil: all right. this didn't take long. we're hearing from the debate commission, the next trump biden faceoff will have a little bit more structure it. they didn't talk about what to avoid interruptions. after last night's debate additional structure will be necessary. whether that means cattle prods, buzzers or both but they're considering something. charles payne. charles: i would say swords and shields, neil, that is what i'm looking for. thanks a lot my friend. good afternoon, everyone. i'm charles payne. this is "making money." breaking at this moment stocks putting on a monster rally after a morning of pundits telling us to brace for big losses. also about the continued strength of this economy, like ancient greek tragedy, powerful forces will save the day and give american public one more round of stimulus. look at your portfolio to talk about this volatility aro
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