tv Cavuto Coast to Coast FOX Business October 1, 2020 12:00pm-2:00pm EDT
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we get as many in as we possibly con can. we love the video. if you want to be on tv this is your moment, ladies and gentlemen. my moment is almost done. we have 10 seconds to go. i will tell you we have a nice rally so far today. lots of green. i will leave it right there. neil, it's yours. neil: did you say you're hearing voices in your head? stuart: oak pagessal habit. neil: when you get to be our age you hear more than voices in our head. stuart, thank you very much. dow up 105 points. we're looking at couple things concurrently. stocks is hoping on stimulus deal. nancy pelosi is dousing expectations. no guarranty. anything we get done maybe by election day. hope springs eternal. the airline industry in raft of woes, looking 30, 40,000 layoffs
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as the original aid package and agreement expires. there is talk of the stimulus plan, the environment for them does not look good. we'll go live to a number of national airports. linear air, big in the private arena. they have and all tern tiff for you. they say business is booming. president will be out to new jersey, a fund-raising event at his club. he will be whisked back to the white house. republicans and democrats are pulling out all stops to raise as much money as they possibly can. back to the stimulus measure. what we can make of it as it comes to pass, not that long ago, a lot of people were worried about the government shutting down and wouldn't come together in an agreement to keep government lights on. at the last minute they cobbled together something. the president signed off on late last night. there is no government shutdown. for the naysayers out there, assuming all the worse when it
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comes to stimulus, maybe not. chad what are you hearing? reporter: let me be very clear here, neil, there is no deal. there is no deal and there probably won't be one for a while. house speaker nancy pelosi indicated today in her press conference a few minutes ago she will forge ahead with this democratic bill that they put out on monday, $2.2 trillion. but there is no deal. we don't even know definitely if she is going to meet today with the secretary of the treasury, steve mnuchin. there was some indication she was going to hold off doing the other bill if they could get a deal with mnuchin but that not the case. listen. >> our deal, we're very proud of it, and we want people to see what the possibilities are. has more to do with that than whatever intricacies you had going there. reporter: pelosi says forging ahead doesn't mean there won't eventually be a deal but she is quote, optimistic. still probably will not happen now but they are closer than they have been in months. house democrats assembled their
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own coronavirus bill on monday. it would total $2.2 trillion. the administration made a counteroffer in the range of 1.5 trillion. it provides extra $400 each week for those off the job and there is $20 billion for airlines. layoffs begin today but the treasury secretary steve mnuchin says it is hard to get a bill which can pass. >> we're not going to do a $2.2 trillion deal. the good news is the speaker has come down from her $3.4 trillion deal. if there is a fair compromise, we're prepared to do it. reporter: just the fact they have been talking is encouraging here to try to get a deal but there is not going to be a deal right now. the problem for democrats is they have a floor on this, $2.2 trillion. seems like they can't go much below that, especially into that range that steve mnuchin, the treasury secretary was talking about. the reason? i always talk about the math. they start to lose too many democratic votes. house of representatives will vote on its own bill today. it is dead in the water in the
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senate. most democrats will vote for it. i'm told less than a handful of republicans will support it but there is no agreement. neil? neil: just so you know, my friend, power and influence on these markets. they were up 100 points before you started, now they're down to 65. i hope you're proud of yourself. i'm kidding. chad pergram, if he is right, expectations of something imminent you might have to does those a little bit. doesn't mean it can't be done. means in the mime yesterday future probably won't be done. kristina partsinevelos following all of this at a time airline industry is certainly hoping something does get done. they're laying off by the thousands right now under the notion that that old agreement, the old accord they signed on to is expiring. so they're allowed to do so, unless something materializes they will continue to do so. christina? reporter: exactly, neil. which is why today marks the first day that airlines are
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going through with those job furloughs. that is because that 25 billion-dollar fiscal aid package does expire and there is no deal in sight. you have united and american airlines both saying they will jointly lay off roughly 32,000 or should say 32,000 furloughs and travel as a whole is just down dramatically. i'm at the international section of newark. there are two people, two travelers behind me. it is completely dead. the expectation, the predictions for 2020, travel will drop 66% compared to last year. so dramatic drop. obviously having a negative effect on the industry. treasury secretary steve mnuchin did speak to airline ceos. he did say they're trying to work out a bipartisan deal but as we know they delayed the vote on that $2.2 trillion package so they could have more time to negotiate and that means there is no deal for airlines. why they're going ahead, first with american airlines. they are furloughing today 19,000 employees. you also have you knighted
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airlines furloughing roughly 13,000 employees. they wrote a letter, and i, statement i should say, quote, we implore our elected leaders to reach a compromise, get a deal done now and save jobs. according to reports too, delta air hines is holding back. they're not going to furlough today. they did say they're working very hard to not have to furlough 1700 pilots come november 1st. american airlines as well as the united airlines ceo both said they are willing to recall all of those 32,000 plus employees that they furlough but only if washington can come to a compromise, bipartisan deal with $25 billion in aid in the coming days. back to you. neil: you know what's interesting about it, kristina, even if they get that aid, i'm sure they will get something you just hit on the core of the problem, all representative what we're seeing behind you, nobody. that equation has not changed.
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the demand is not there, right? reporter: we have been here for about four hours now, this is it. i've seen occasionally one or two people walking behind me. that's it. neil: just incredible. kristina, thank you very, very much she just capsulized it right there. it's a matter of supply and demand. plenty of supply for the airlines no demand for what they offer, a sign of the pandemic not letting go. let's get implications of special guest, liz peek, fox news, follows markets closely and paul detreich, air fax global markets ceo. liz, they may get their aid, talking about the airlines and likely will get something, i don't know how soon they will get it. not enough time to hold off lay offs but look at the airline industry for me. the stocks have been battered. they're well off the pre-pandemic levels. will they ever get back to that? >> yeah, so the real problem i
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think for the airlines, neil is business travel. awful lot of businesses have discovered they can communicate with their clients and do business very happily from their basements, from their living rooms, whatever. they can work remotely. the whole idea, if you sit down with 10 bankers or ceo's right now, they will tell you that the whole idea of going out, spending a whole day to have a 20 minute meeting with a client on the west coast if you're in new york, for example, is a complete waste of time. that is a real problem. i recently flew, this is, who would have thought this is a news item, i took a flight recently, and there were like 20 people on a big airplane. i thought wow, this can't possibly be making money. obviously it is losing money but as a country we can't afford to let our airlines, this is a major -- go under. this is a major infrastructure necessity. all countries have that obligation if you will. they have to be saved. neil, one other thought, this is
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a moment every voter should say go for the 25 billion. why do we have to have a 2100 page pork-ladened bill? why not just give aid where it is needed and move on? neil: well, don't hold your breath for that. paul, how do you see this whole environment right now, with the economy, juxtaposed against the markets. do you like what you're seeing? do you see us coming out of this, what? >> i've been advising all of my clients to buckle up for a very volatile stock market through the end of the year. i think the story is that there's a lot of good news, there's a lot of bad news and there's a lot of unknowns. and, this is the problem. the bad news is, if we get the jobs numbers that we're expecting tomorrow, there is still going to be 10.7 million people unemployed who were employed before the pandemic and, we're, got hundreds of
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thousands of small businessmen and women who have gone bankrupt and are, who never will reopen. we've got a toxic election and i believe the election is going to be closer than the polls would indicate especially with regard to the electoral college. with all the absentee voting, we could see maybe not knowing who the president is for six to eight weeks, after the election. and i don't think that will be good for the stock market. then you've got this possible stimulus, which i believe is actually needed. you've got a lot of people through no fault of their own, are not going to get back to normal until after there is a safe around effective vaccine, until everybody gets vaccinated. i think that's the reason, neil, that you need to buckle up. neil: yeah, you know i follow these futures contracts, liz, not nearly as closely as you or
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paul do. i'm fascinated with the vix contract of volatility, you know, index. you can look at futures, to see what people's sentiments are where we are going to be. that fear, volatility, extends right through the end of the year, judging priceyness as the year goes out, which is a reflection paul touched on, we have won't know, poe termsly the election results, he says six to eight weeks. that seems to be confirmed in some of this vix buying here. what do you make of that? >> well i think that is exactly right. paul's right. the, i with say the consensus now, which is not the case a few weeks ago, is, a, the election may be very close and b, because of all the problems with mail-in balloting and many states now extending the date through which votes will be counted, there is no way, it is very unlikely we'll have results anytime soon.
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i think that is a mess. i'm really sad they made the changes. it used to be pretty simple, you went on election day. you voted. by the way if you want your vote absolutely to get there, that is pretty good advice for this election. i think that investors have so many uncertainties. i'm actually astonished that the market is doing as well as it is. it really is because the economic numbers continue to surprise on the upside. whether it is employment or new housing. all kinds of data points keep coming in better than expected, neil. that is giving investors optimism that earnings too will be much better than expected. neil: yeah. pepsi might have have been the first to telegraph that, paul, earnings might save the day after the election regardless eventually we find out one, the fed will save the day as sort of a back up, what do you think? >> i think earnings will come back but, if you look at
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everything, we're sort of slowing. i mean there is no question that the economy is expanding and growing. but it is growing at a slower rate it say did when we were coming out of the severe lockdown. and again, we don't know whether this stimulus package is going to pass and that's, could create a lot of volatility. but on the good front is that if you look at the last few days, i believe the stock market believes that there will be a stimulus package, an they're betting on it. it may take a few weeks but, i think in the end the politicians, it is just, it is too negative for their jobs if we don't pass something. neil: all right. we'll watch closely, guys. i want to thank you both very, very much. we're up 82 points on the dow here. meanwhile back to the focus, the attention in the next debate, next one vice-presidential one, we have two more presidential
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debates. the commission is already saying it is coming with ways what chris wallace had to deal with, two candidates talking over each other, interrupting each other, like an italian table, the commission wants to put a stop to it, that raises the possibility much cutting off their mics, a cattle prod, tasers or as senator rand paul was raising yesterday, possibility of you know a drop floor where much like they did with dr. evil, austin powers, they just dropped right out of view. we're on it. that's what my dad does. good job, michael! ok, lindsey now tell the class what your mommy does... my mom has super powers. it's like she can see the future. what?!
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it's like she time travels in a rocket ship. that's cool! and then she comes back saying "try this" or "try that." she helps everyone. she helps them feel less worried. wow! mommy, so what is it that you do? i'm a financial advisor. she is! aig proudly supports all the professionals taking care of our financial futures. - i can't stop worrying. - why can't i sleep at night? - how do i deal with all this stress? - when did the world get so scary? - hello, this is michael youssef, there can be no doubt that our world is filled with troubles right now. and yet, there is one person who said, "i can give you peace that can never be shaken even in the worst of your circumstances." jesus is the way the truth and the only giver of eternal life and he is inviting you to come and surrender to him. and he will give you unbelievable peace, a peace that seems too good to be true, but it's true.
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♪. neil: all right. we're going to get into the fallout of the debate right now with the debate commission looking for ways to stop overtalk and interruptions, all of that we're told they might entertain the moderator to be able to cut their mics or use a cattle prod, throw a grenade. we don't know if the latter two are possible but we're looking into it. ahead of that peter doocy with the biden camp. i believe taking campaign day off in wilmington, delaware. peter?
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reporter: cattle prod is hard to get through a metal detector. i'm not sure about that. but we are told in some reporting we've done over the last 24 hours or so the campaigns have not been briefed yet by the commission about anything possible that might change. we do know though that something is coming different for the second debate and joe biden is already out there talking about ideas that he has for cutting down on the cross-talk. >> my hope is they're able to literally say, the question gets asked of trump. he has a microphone. he has two minutes to answer the question. no one else has a microphone. then, i don't know whether what the actual rules are going to be literally. that would seem to me to make some sense. reporter: in a statement the commission on presidential debates says they're seeking structure at the next debate which is a town hall format with questions come from people who say they are undecided but associated press is reporting today that the debate commission is considering the giving the
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next moderator to cut the microphone of either debater if they begin interrupting but the trump campaign is brings he willing at changes like that based on what happened in cleveland. they don't think the way biden, the way trump went after biden. >> biden is too weak to defend himself. it doesn't matter if it is debate commission, or a moderate to be. joe biden doesn't have his liberal allies on the stage to defend him. reporter: we're told one possibility for suggestion that might be coming from the commission let candidates deliver a closing statement which they did not do last time to tie things up in a more or the early manner. anything that will be different next time, that comes from the commission has to be agreed to by the trump campaign and the biden campaign and so far we are told there has not been any offer or any, any suggestion from the commission to the campaigns about what might change. neil. neil: they both agreed to the stipulations for the first
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debate so that went off the rails. so what will their agreement have to do with them honoring it, either man, right? reporter: right. and again there are ongoing discussions, in the, before the last debate the discussions were on going about ground rules until just a few hours beforehand and so, to your point no matter what they come up with, trump will do what he wants to do and biden is going to do what he wants to do. and it doesn't really matter if somebody cut the off the mic, if there is a mic, people will be heard, neil. neil: yeah. i hear you, my friend. there are some cattle prods i'm told, that are not metal. i didn't even know that. they're just, i guess are agricultural vote getting in here and emailing me. there are alternatives. peter always fun, i appreciate it, my friend. let's go to mark penn, former clinton campaign strategist, much, much more, best-selling
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author. what do you think they will do it about, mark? maybe they will write it off do it regardless, what do you think? cutting the mic seems to be the more logical thing i have herd, but that could cause problems, what do you think? >> i used to prepare the president and others for the debates. they were very formal affairs. you had your time as biden was saying. you had rebuttal time, it was careful set up to give people opportunities to speak but to have decorum and you know, that wasn't good enough for tv. tv changed it really, to be quote open discussion and open discussion, talk show formats. look, i would like it if our politics moves back to a more formal debate structure. you got your time. you get your rebuttal. do your debate. i never thought this open discussion format was really, really the kind of format that would lead itself to decorum. having said that both candidates interrupted each other. you know what?
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both campaigns paid a price for that, because the result, net-net, that was a terrible debate. neil: so it didn't really move the needle, whether one side felt it was justified for not. i am wondering though, some people who are fans of the president, for example, mark, said, his interruptions actually hurt him because they did not allow joe biden to answer fully some of the questions, not only the president had, the moderator chris wallace had whether biden would support efforts among democratic senators and elsewhere to blow up the filibuster, to pack the court and, because of those interruptions biden got off kind of lightly what do you think? >> you know, look i think trump got in what he wanted to say, largely he said the things that are on the stump. i don't think he did a lot of prep for that debate. i know the vice president well, he came to deliver what he came
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to deliver. i think biden got really harsh, right, shut up, clown, et cetera, biden is supposed to the likeable candidate. when you look, we know trump is not likeable. hillary wasn't likeable. it was equal that way. i think biden lost some of his likeability that way when he went down there. i think his campaign said, could i have delivered the same thing, pushed back, and been above the fray, which would have been a home run, right? and the trump campaign, did he get his message out? he won certain points. i think he was probably strongest said, what's your, who from law enforcement is endorsing you and biden didn't have a response to that. neil: right. >> that was probably, that would have been a normal debate have been the moment of takeaway, the ah-ha. here, however, as you say, the trump interruptions while he was kind of outraged about everything that was being said clearly biden was equally outraged about everything that
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was being said, it was a good thing the virus prevent ad ahead sheikh, i don't know if they would have a handshake any way. neil: you're right about that. i know the october 15th, debate, next presidential, october 7th one between vice-presidential candidates, but the october 15th dates that will be a more town hall format. i don't know exactly it, will be a little bit more, less restrained what i'm looking at. who does that benefit? do these kind of rules even apply in that? or does it lend itself to more what we just saw? >> i personally like the town hall format even less but, it will lead to decorum, right? because you're in a town hall format. you're actually addressing a voter typically and so it is all about connecting with the voters, sympathizing with the voter in your answer and being locked in. so i think that has to by its very nature you know, walk our
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politics back from too much negativity. neil: all right. thank you very, very much, my friend mark penn, former clinton campaign strategist here. we'll get an idea of this. maybe some of these rules will be put in place with the october 17th vice-presidential debate. although, very few are thinking it would be an issue in their particular back and forth, more for the president and the guy who wants to be president on october 15th. so we'll see. telling you at beginning of the broadcast how tough things are for airlines these days, how even an expensive aid package to get them through might not be enough. enter the private airline industry which right now is seeing its business booming. linear air's ceo is next. ♪.
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commercial airline industries woes. so many looking to lay off many workers could go to tens of thousands of if they don't get help soon. not just that people are not flying, not flying as much commercial, a good many drawn to private airline travel. when you think this is too costly for me, you might want to think again. bill hurt of linear air, the ceo. does he have a deal for you. bill, what are you seeing in your business right now? >> thanks, neil. thanks for having me on. yeah, to say that business is booming is, you know, relative to the airlines but certainly true. you know in the first quarter, we were basically flat year-over-year when the pandemic started to affect things in march. q2 we were down 40% because of lockdowns on travel in april and may. q3 we were up about 10%. a lot of that is coming from new private air travelers, seeing private air travel as an alternative to the airlines for trips that they need to do.
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they're coming to us because we run an online marketplace with over 4,000 commercially certificated air carriers throughout the entire u.s., canada, caribbean, bermuda. and they can see all of the options and they appreciate the price transparency. the ease which they can just book and right online. neil: part of that price competitiveness you get into, linear air likes to promote, for the cost of a first class ticket or business class ticket you could be flying with us. is that assuming that people share rides? in other words, depending on the plane and its size, people come together and share the cost of that flight to a destination? >> really it is groups traveling together, whether it is families or business colleagues or friends, you know, going to events, that sort of thing. so, you know the, the big thing that we offer is access to all of the possible options in the
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fleet, ranging from three passenger propeller planes up to 15 passenger long-range business jets and you know, so, you know, if the plane has, for example, three people and it fits three people, then the average fare if you will on a per person basis is less than $1000. neil: interesting. you know, you touched on the beginning here, but you're limited by the same things some of the commercial guys are, if people don't want to fly or nervous of flying or they know it's a hassle because they're going to be on a quarantine list if they do fly or restrictions where they're going, et cetera. how do your customers handle that, how do you address that? >> yeah. well, certainly you, for the viewers that have flown privately before, you know, they will know that most charters operate from non-airline airports and they operate from private terminals. so the number of individuals that you come into contact with
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when flying charter is significantly smaller than if you're flying through an airline hub and passing through the area around getting on a plane that seats 100 people or more. you know the number of people that you come into contact with flying privately is really the crew, and the people you're flying with. and so, you know, there is much lower opportunity to be, to be exposed and as a result you know that's what is driving folks that have not flown the private charter before to give it another look. when they're finding us, they're seeing that there are options that you know, are within the range of affordability for them. neil: yeah. it is, we got to get past the pandemic period, right? because reluctance to fly, fancy private jet or commercial jet, if you're nervous about where you're going and the mask thing, possibly, always an issue. you know, bill, thank you very much. fascinating development development. the linear air ceo.
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you probably have already heard that the tennessee titans and pittsburgh steelers were supposed to play. their game has been put off at least a couple weeks amid some pandemic cases popping up on the teams but that got us wondering here, because this is all like a domino pattern of games that could similarly have to be reschedule or removed. what happens after that, after this, because, well, grady trimble is all over it. ♪. reporter: hey, neil, we're at the mall of america where several local businesses share something in common, they have been hit hard about it pandemic and they have been hit hard by the unrest here in minneapolis. they're getting a big boost from the biggest mall in the country. we'll tell you about it next. ♪.
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♪ neil: talk about new offering demand, ticker symbol, lung, because it has a variety of treatments for lung disease including emphysema, all of that, it raised $190 million after pricing its deal significantly above the initial range expected, selling 10 million shares at 19 bucks a pop. we'll talk to the company's ceo in the next hour. this continues among biotech concerns and industry concerns, despite all the market volatility this is a there is demand. we'll talk with the ceo next hour but another successful launch here. take a look at developments at least in the world of football raising some concerns. jonathan serrie on, well the titans-steelers game being put off because of a pandemic issues but more rattling the entire nfl schedule as a result.
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what are you hearing? reporter: hi, neil, that game, the steelers-titans game originally scheduled for sunday. it will be rescheduled, they made the decision after several members of the titans, a fourth player and a fifth staff member tested positive for covid-19. in a memo obtained by espn nfl commissioner roger goodell informed team executives this is not unexpected. there will be players and staff who will test positive during the season. each of us has a special responsibility to keep others safe and healthy. the minnesota vikings played the titans on sunday. so far no one with the vikings tested positive. the team hopes to move forward with next sunday's game against the houston texans. that is bank of america stadium in uptown charlotte prepares to welcome back limited numbers of spectators this sunday, the carolina panthers deployed a robot to disinfect the venue with ultraviolet light. a period reviewed stud in the
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shows the xnex light strike robot was 99.9% effective in destroying the virus that causes the covid-19. when the panthers take on the falcons the following weekend in atlanta, mercedes-benz will be disinfecting with the help of drone technology. the drones will spray seats and other public areas with non-toxic chemicals. officials say the chemicals inhibit viruses an bacteria from sticking to surfaces. neil, back to you. neil: thank you very much, my friend here. by the way we are going to have the maker of that uv ray robot on to talk about the technology that is now being utilized not only by major sports team franchises and the like but a lot of businesses, schools, what have you. business is booming here. seeing a lot of green from that blue. meantime i want to go to grady , at the mall of america. a lot of malls across america
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are a world of hurt. they found a lot of space. they found an interesting way to make lemonade out of lemons to help people in the process. grady, what is going on? reporter: neil this, is the community commons, made up of 16 small businesses here in minneapolis and the surrounding area. they have something in common. they have been hit hard by the pandemic as well as the violence last may following the death of george floyd. so the mall of america said we've got to do something to help. we have this empty retail space. well they're donating it to them, letting them set up here rent-free. one of the beneficiaries of that is brandon barnes. brandon, your company is called doren. you didn't have a store front that was looted so your product was stolen in stores that looted. so you lost a lot of inventory. >> it was heartwrenching to be part of those moments you work hard for things, you want to develop your brand and put it out there and everything being
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destroyed and stuff, it was really upset because it looked like uncertainty after that. reporter: after that, like you said you didn't know what you were going to do. then this opportunity comes along it. has been in the works essentially since right after the looting and unrest happened. >> of course. reporter: talk about how big of an impact will this have for you and your company? >> this is highly significant because it has given me an opportunity to kind of reemerge. dauren came to a halt at one point, stopped. we can expand ourselves reintegrate in society, start from the bottom to pick up the pieces. reporter: in the biggest mall in the country no less. not a bad place to be, around iconic brands here. across the way i see levis. dauren is one of those brands. they will be here until spring next year to help them get back on their feast and get things
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more established back here in minneapolis. neil? neil: grady, thank you very much. we'll talk a quick break. we're up 146 points t might have something to do with learning that treasury secretary steve mnuchin and nancy pelosi are going to be talking at 1:00 p.m. today, about 15 minutes from now. maybe that will telegraph some progress on these talks and getting something done but as our own chad pergram, to get something done before election day? , that might be a bit of a leap. we'll know soon. stay with us. ♪.
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when i came to the u.s., i was fifteen years old. my family was really poor. now, i've got fifty employees. when the pandemic hit, i was really scared about losing my business. but osmar, my financial advisor from northwestern mutual, he told me, brother we got your back. his financial planning helped to save my business. if i could talk to my younger self, i would say, you're going to be proud of yourself.
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♪. neil: well the good news is that they're talking. the bad news is we still don't have a deal. word right now that 1:00 p.m. treasury secretary steve mnuchin and nancy pelosi will continue phone conversation on the stimulus measure, coronavirus stimulus measure we're still told two decides are quite far apart but more agreement on issues than you would think. we'll be monitoring that at 1:00, to see what has developed or moved forward right after that phone call, but congressman henry cuellar, democratic congressman from texas with us right now. what do you think odds -- very good having you, what do you
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think are the odd of a deal getting done by election day? >> neil, thank you for having me back. just the fact they're talking is very good news. at one time they were very far apart. now it is 1.5 to 2.2. i say probably end up, i shouldn't say that somewhere down the middle where i think they're going to settle. and they're very close. and like you said, they reached an agreement on some things. they're still working some things but the good thing is, as long as they're talking we're going to get a deal done. neil: all right. will it be done before election day? >> yes, sir, it will definitely be before the election day. i think just the fact that, you know, when we were far apart, i would have said probably not but the fact that there are a lot closer and the house has come down, miss pelosi has come down and we have seen, the secretary go up a little bit. i think they're very, very, very close. knowing, i serve in appropriations, this is above my pay scale but, i think they're
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getting close. they will get an agreement done. neil: congressman, do you know whether the federal unemployment benefit will return? talk was that indeed it will and it will be at the original $600 a week through the end of the year. is that a point that all democrats are rallied around? i understand not all republicans are for that, at least at 600? >> well you know, i think there will be unemployment. whether it is 600 or i think the republicans were looking at $400, but there will be a deal on that. the amount might be something that will have to be negotiated. some of us also, you know, i worked with gary graves where we want to have some sort of target limited liability for companies, universities, for a period of time. it is hard enough, you look, i've been a small business owner. i know what it is to run a business. it's tough but i never done it
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under a pandemic. imagine those poor, hard-working business owners, small business owners and then, doing a business under pandemic and then being hit with a lawsuit when they're trying to obey all the rules. i think that is another possibility i hope we can reach an agreement on. neil: 1200-dollar stimulus talk out there, do what happened at the beginning of the pandemic, getting most americans 1200 stimulus checks is that in there? >> i think we have an agreement. there is no agreement until it is signed and on the dotted line. but i think there will be a deal on that stemlous money. there will be some on unemployment. whether it is 600, maybe a almost bit lower, we'll see, but those are key points that we want to see. we also want to see monies for schools and certainly help small businesses. look, the best thing is, i talked to a lot of small business owners. look, they appreciate the federal assistance but what they
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need is, they want the market, they want the customers, they want the consumers and hopefully we'll get to that time sometime in the near future but we need to do a bridge to help them during the difficult times. neil: are you open yourself, congressman, to an airline industry rescue package? they have been talking in facility of 25 to $30 billion, what do you think? >> i certainly want to help the airlines. they, i do have to say they sure made a lot of money at one time and but we're going to try to help them because of the workers itself but you know, keep in mind the airlines did make a lot of money. they were charging a lot of fees, but at this time to help the workers i certainly want to support, whether it is 20 or $25 billion we don't know at this time but, the workers, we need to help them out. neil: all right. congressman henry cuellar of texas, thank you very much. be healthy, be well. appreciate you coming by.
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>> thank you, neil. neil: we're waiting for the president, leaving the white house going to a big fund-raiser at bedminster, new jersey, right at his club and home, whisking back to the white house and campaign travel. he is sometimes busy. he sometimes entertains questions from reporters as he hops on to marine one. we'll watch it. you're 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. shingles doesn't care. i logged 10,000 steps today. shingles doesn't care. i get as much fresh air as possible. good for you, but shingles doesn't care. because 1 in 3 people will get shingles, you need protection.
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♪ ♪ neil: all right, getting close to the top of the hour here in the united states of america, and we are focusing, of course, on politics, getting ready for the next debate, whether they're going to have monitors for that, whether they're going to have, i don't know, cattle prods for that. but we're looking as well at the stimulus getting a great deal of attention now as it looks like the treasury secretary, the house speaker will chat on the phone again maybe this very hour, sort of iron out some differences. we're told they're fairly substantial but enough that they're still talking, so it's pretty good economic news. by and large, including today, the big employment numbers out tomorrow. lauren simonetti giving us the lay of it all right now. hey, lauren. >> hey. hey, neil. and as we just heard the
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congressman tell you, he does expect the treasury secretary and the house speaker to reach a deal by election day. they're speaking this hour. fingers crossed. i mean, that's the best we can do at this point, neil, because election day is about a month away. and this is what hangs in the balance, we get the jobs report for the month of september first thing tomorrow morning. labor department is expected to say that 850,000 jobs were added last month. it would be the first month under 1 million, but it's the last report that americans consider before they go to the polls. big picture is we lost 22 million jobs during the pandemic, 11 million of them have been regained. so half of those who lost their positions are still out of work. this morning we got a report on jobless claims, and those are the numbers: 39% of the labor force does not have a job right now. finish is there a job coming back? if you have a job now, is it going to be a job that you can
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have forever, because ts ts nunu fmtast woesoess not n n inudcludhe airneoffsof andnd neyds n iludencluncncnche d d ne ancenoof 20008,00us8,00us00 so tt'sha t t tackdp her i octer. thathe t goo goos.s.s. er,a's alslslshehe fhehououou q, her piother er er r f od news. . thical veryongtrtr ms for tfor stofor sto stoarar er.o,raepte septe. inkhinkhinkvery everybody w w ww 're kic kng off k the k the newn and the n n n qrteruathen siti,ti a a 150 150 poi ps pffff theth high inh i thehe... and ian tnk tnknk a positive,it it'sough thegh mth m of ond auau,au,, b i i didide by 1 stillwi. th might mig mig refle ref theet either, a, we have a lot of savings, especially if you have a job. you're still willing to spend your savings. or, b, you know, you got some sort of stimulus check until recently, and the hope is more is coming so the consumer can continue to open their wallets
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which they will likely do very soon for christmas and hanukkah, neil. neil: yeah, you think, right? lauren, thank you very much, lauren simonetti following all of that. i do want to get the read from phil flynn and susan li. we have started the first day of trading in october, as lauren touched on, here in the fourth quarter. of september was rocky, you know? it lived through to its reputation of being the roughest month for stocks. although october is a pretty scary month in and of itself. susan, how are we looking? >> yeah, as you mentioned, october is traditionally the second weakest month of the year, usually down 1% at the end of the month. however, there are historical trends if you look at dow jones data that says after a horrific september, say back in 2011 when you had the european sovereign debt crisis and also the cutting of the a ark a bond rating -- aaa bond rating for the u.s. debt, you actually see a big rebound 70% of the time. so it depends on which trends
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that you track and believe in. there are some pretty good indicators that, yes, we may have a stalling-out a pattern here in the u.s., but people are still spending as we held into a strong last few months of the year for the stock market. neil: you know, when you go into those trading pits yourself, phil, i know this sounds like a trite question, but the mood, the mood of investors, the mood of traders, what they make of this and how the haas quarter is going to work out. >> i think they all need prozac, because the mood shifts have been unbelievable. [laughter] especially over the last couple of months, right? we came into september with such high expectations that we were going to get beyond the coronavirus, you know, we're just beyond, we're just so close to getting a vaccine, you know, and then of course we get into september when we had all this volatility, all those pullbacks. are we head of ourselves -- ahead of ourselves, are we going to get a second wave, are we
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going to get out from washington to get this deal done. and, you know, yesterday was a perfect example. looked like september was going to try to have a nice little, you know, ending to it, you know, that we're getting closer to a stimulus deal. and then, of course, mitch mcconnell spoke, and the senate majority leader, and everything kind of fell apart again. so that shows you how tenuous the market is right now. we know we need a little bit of help from washington to get over the hump. we can't really afford a second wave. but, you know, i think if we get over the hump, if we get that little bit of health, i think october could actually be a fantastic month for stocks. neil: all right. i'm glad you mentioned mitch mcconnell, because no matter what they come up with in the house, you know, he would have to write off on in the senate, and if he doesn't even want to take it up, it could be a disappointment to some. not to others who say we're spending way too much on all this stuff. susan, the closer we get to the
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election, the more volatile the market stands to get. i look at the vix futures, index futures, increasingly gets more expensive right through the end of the year which tells me that those betting with their money are thinking that we don't have an election answer even by may. >> expensive risk event in history. you're right, people are rushing in to protect themselves on the downside and whether or not they guess right or wrong, i think people have been pricing this in that we probably won't get an answer on the evening of november 3rd. but historically if you look at the trends, we do have gains from mid may up until, say, mid september, and then you have this stalling-out pattern in october until you figure out who wins the vote usually in november, and then hopefully, some gains to end the year. i think people are just very, i guess, tenuous in term of how to predict the outcome, and you can't, so you might as well protect yourself with some of the options out there.
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neil: philing, what about energy? -- phil, what about energy, gas, oil, all that stuff? i know it's a supply and demand thing, not much demand, more than enough supply. how does that play out? >> it's interesting, today it's just getting hammered. you look at the commodities that we're doing fairly well, you know, copper, rode yum, some of those are going to slam today. and a lot of the concerns about the uncertainty about the election, what's going to happen next. but also more concerns creeping in about a second wave of the coronavirus. you know, in europe we saw a big drop in jet fuel demand, that's weigh on the prices today. the other thing if you look at a what's happening, they're talking about some more restrictions overseas in places like paris and the u.k. so the demand growth that we've seen in places like china and japan have been overshadowed by what may happen in the fourth quarter of the year that we're not going to see that demand. some people are predicting demand won't get back to normal for a couple of years, and that
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isn't the type of thing that oil producers want to hear right now. neil: you know, susan, the backdrop of this is that a lot of companies are still, you know, heading right to the corner of wall and broad to debut their companies, ipos, stocks that are emerging by the way, biotech names this week including a really big one, and the ceo we'll be chatting with in just a few minutes. so they're not worried, or they seem to think that the water's very fine and they're jumping in. >> it's very hard to correlate what's happening with the stock market with the broader u.s. economy since we're look at 32,000 layoffs for airline staff and 9,000 being shed at shell, and the rest of the world, i meaning we're talking about 30,000 over in germany as well for this car part maker called continue innocental. but wall street -- continental. but wall street, you're looking at the best six months going back to the financial crisis. whether it's through these blank check companies, playboy today
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is an example of a direct listing, and you have an average gain of 22% on day one, and that's the best going back to 2000. what happens is people have to sell out of a foreclosure stock in order to raise money to buy into these new public debuts. it's not that the money isn't in the stock market, people are just look for better issue points to get in and better names to buy. neil: interesting. susan, i want to thank you. phil flynn, thank you very, very much. how thissuation on the election, guys, i guess we just don't know. maybe bobby jindal does, former louisiana governor and presidential candidate with us right now. governor jindal, good to have you. >> neil, thank you for having me back. neil: governor, i'm looking at the economy, you can look at it through a variety of lenses, but it's undeniable that at least we have picked up and sometimes considerably from where we are. we've made up more than half of the jobs lost to the pandemic, but until -- and this is despite americans give the president the edge over joe biden on handling
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the economy, polls are what they are, and they could be wrong, but they're consistent in this respect: the president isn't gaining any overalltrack. in fact -- traction. in fact, he is losing some ground to joe biden. what do you think is going on? >> well, look, neil, this debate was a great example. that was painful debate to watch, and one of the painful parts was that trump missed a golden opportunity to contrast his record on the economy with biden's record on the economy. you right, we -- you're right, we had a record strong economy, record low unemployment with 7 million new jobs over the first three years, and that didn't happen by accident. that happened through disciplined policies, that happened through tax cuts, through energy, supporting the domestic energy industry, by cutting back burdensome regulations that happened through renegotiating bad trade deals. i think trump should have contrasted that record with bind. i think he needs to go back to the issues and policies. biden wants $4 trillion in new taxes. his web site says the green new deal is a critical framework to
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addressing climate change. for 47 years he has supported all these bad trade deals, so i think trump needs to do a better job con transaction his record with biden. yes, the economy's hurting right now, but it can i grow again after we have a vaccine distributed. once we reopen our economy, we have to have the same discipline that resulted in growth the last three years. we can't give biden control of the economy, and i think trump needs to do a better job of making that case. neil: well, he did interrupt him a lot. to be fair, the former vice president started interrupting him a lot, and it was a food fight, to your point, governor. i am wondering what you make of the debate commission now looking at ways to avoid that in future debates. one option was, well, cut their mics when they do that. what do you think of that? >> i think your last panelist had the answer. he talked about prozac for investors and traders, maybe we need prozac for the candidates. look, in all seriousness, neil, it's great that the commission's going to look at different rules
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and formats. i'm actually -- maybe this is a minority opinion -- i think let the candidates debate. let them duke it out. i don't want the moderators to be in the news, i want to hear what the candidates have to say. i actually think trump hurt himself by interrupting biden so often, so hopefully he won't do that, the next debate's a town hall, so maybe it'll be more of a restrained format because hopefully they'll be more restrained talking to voters. but this were a couple of times when biden was asked about critical race theory, trump, i think, had a great opportunity to pivot to biden and say, joe, you really embrace this, you really think america's inherently racist, that our founding fathers were inherently racist and bad people. do you really think it is white culture that promotes things like delayed gratification or hard work, and given time to answer. i think the problem was with trump interrupting biden so often, biden never really had to make his case. neither candidate did a great job talking about the future, so i'm hoping whatever rules they
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come up whether there shock collars or prozac, whatever they come up with, i do hope they'll actually talk about the future, and i hope trump will actually ask biden some tough questions and give him time to answer those questions. neil: yeah. sort of like a trap door like dr. evil. [laughter] governor, you gave us some good ideas. bobby jindal, former governor, former presidential candidate, former governor of louisiana are, great state. this time of year, very hot. all right. in the meantime. >> thank you for having me. neil: -- day two, now, believe it or not of indoor dining in new york city, but the pressure's on the restaurants to make sure everything is copesetic. jackie deangelis is following all that. >> reporter: good afternoon to you, neil. that's right, day two of 25% capacity in indoor dining. but execution here in new york city is so critical not just for these restaurants, but also for the economy. we spoke to ceo danny meyer
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about how he's doing it differently. we've got that story next. ♪ ♪ your journey requires liberty mutual. they customize your car insurance so you only pay for what you need. wow. that will save me lots of money. this game's boring. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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investigation into astra zen astrazeneca's covid-19 vaccine. we're told this is not uncommon, but looking into that a lot more closely along with its partner, the university of oxford. i believe this is similarly being examined in the u.k. where separately the u.k. is looking at providing liability protection, some liability protection for astrazeneca in the event it is eventually released to the public. separately on the whole vaccine front, we're learning that moderna is saying that its vaccine will not be ready by election day. they just wanted to get that out there, dotting is, crossing the ts. does take time, and moderna's treatment is moving probably more rapidly than the others. be that that as it may, getting it out before election day, ain't happening there.
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what's happening now, sort of balancing this with the pandemic and how we're handling that for the time being, restaurants could slowly are reopen here across much of america, very, very late in new york city where for the first time since the pandemic they were reopening to the tune of 25% capacity. but, jackie deangelis in union square in new york, that is one thing to open, it's another to get customers to come in. jackie, what are you hearing? >> reporter: oh, it sure is. good afternoon to you, neil. well, i'm here at union square café. this is one of danny meyer's themed restaurants, they opened last night at 25% capacity, as you mentioned. they're trying something different here because they realize execution is so key. my questioner partnered with clear. yes, it is the same clear technology you see at the airport. they're using technology to screen employees before they come in and make sure that they don't have any covid symptoms. think i think that's not only finish they think that's not
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only going to make the employees feel safer, but the patronses as well. listen. >> i want our staff members to say i'm not just an essential worker, i am a valued part of this team, and they care deeply about my being healthy. and then if we can do that really effectively, i know that our guests would say the same thing. >> reporter: now clear cofounder and ceo karen simon decker who also lives in new york city herself, wanted to be a part of this process. she knew he had the technology to screen, but she wanted to adapt it to be able to work with the situation that we're dealing with, with covid. they've also used this technology to deal with the nhl when they got their players back on the ice. clear is doing this in phases, so they're going to start here with danny myier -- meyer's restaurant, and they have the ability to do it in other venues as well. listen to this. >> clear is built for scale, so
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we built a nationwide network and technology that today has over 5 million members and staling to tens of -- scale to tens of millions of members. >> reporter: now, neil, they were set up for outdoor dining here. but, remember, it's going to start to get cold, and that's not going to be possible. not only do they want to execute on the 25% indoor, they want to do that and get to 50%, if possible. still, there's some optimism out there from someone like danny meyer while the state comptroller didn't audit forecasting -- did an audit and is forecasting in the next six months 50% of new york city's bars and restaurants will close permanently, neil. neil: just incredible. it'll change the whole scope of the city. jackie deangelis, thank you very much. jay torrance, new york post editorial member. kelly jane, just because you open a restaurant doesn't mean people will go to that
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restaurant. i can't tell you how many people i've talked to who say they're leery about it. >> yeah, neil, there are a lot of people that are nervous. i have friends that are nervous and is won't join me. i personally, i'm excited about indoor dining. i plan to do it, and i love danny meyer's restaurants, i have to say. [laughter] one of the restaurant owners i talked to, and i talk to a lot of restaurant owners, servers, the staff -- this is an issue i feel really passionate about, worried about the life blood of new york's economy dying. one restaurant owner said he's actually worried that people like bill de blasio and governor cuomo are actually scaring people away. he thinks there's been a little too much doom and gloom talk, and with the governor being so reluctant to open indoor dining even at 25%, it basically took a lawsuit by restaurants to get him to do that, he worries that it's been scaring people away. but, yeah, some people have
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fears, and, of course, if you have certain pre-existing conditions, if you're quite old, i probably wouldn't want to go to indoor dining either. but there's enough people that are interested that we really need to let people make the choice for themselves and give these restaurants the chance to survive. neil: you know, the president, we were looking as you were speaking, he's going to be heading to new jersey for a fundraiser and then whisked back to the white house. he has busy travel plans, where do you think and how do you think he stands right now in this race? >> well, the president -- everyone's talking, of course, about the debate. and as, you know, i mentioned on another show of yours earlier this week, you know, we can sometimes overestimate the impact of debates. the first debate in 2016, you know, more than 60% of viewers polled thought that hillary clinton won with. she did not one the election. but, you know, there are some issues that came out of it that he does need to address. i think he could be a lot better
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speaking strongly against white supremacy, but at the same time i don't think that's the number one issue on voters' minds. the economy and health care really the big two, economy's always a big one and, of course, health care now with the pandemic. but we're still seeing, i mean, you know, we had i think it was almost 900,000 people filed for unemployment they just announced today. the pandemic total now is about 36 million, so this is something that's at top of people's minds. we still have our jobs, happy and lucky to say, but a lot of americans don't. and that's what they're worried about. i think the contrasting, the biggest contrast between the two candidates is what they would do about the economy. neil: yeah, you're right. i had forgotten that, that, you know, the winner of debates isn't always the winner in the general election. a lot of people thought that george bush jr. lost all those debates with al gore, lost all
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the debates with john kerry. last time i checked, he won boast elections -- both elections. kelly jane torrance, apparently, a fan of indoor dining. she's as thin as a stick though, but that's what she does. thank you very, very much. we told you about the backdrop for new offerings. big one today, very big in the biotech arena following a wave that has gotten pretty, pretty strong. the ceo of that company and what he hopes to do after this. ♪ ♪ that's what my dad does. good job, michael! ok, lindsey now tell the class what your mommy does... my mom has super powers. it's like she can see the future. what?! it's like she time travels in a rocket ship. that's cool! and then she comes back saying "try this" or "try that." she helps everyone. she helps them feel less worried. wow! mommy, so what is it that you do? i'm a financial advisor.
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stock soars right now selling about 10 million shares originally priced at $90 apiece, but as you can see, it's doubled that right now. the president and ceo joins us right now, glenn french. sir, very good to have you. this is a pretty strong reaction. are you surprised? >> you know, we had a lot of interesting in the story and a lot of demand, and i guess, you know, in some ways, no, i'm not surprised. but i'm very, very pleased and humbled by the, by the interest. neil: you know, the a appealing part of this, maybe owing to the pandemic environment where respiratory people are vulnerable. you do a lot of things for lung disease, including some of these others, that is an area of enormous interest these days. that and the ticker symbol, lung, might be drawing people to that. what do you think? >> well, i think the
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fundamentals of the business are that we're taking patients to a place they can't get to on drugs alone. so the patients that we're treating are taking the highest doses of available medication, and there's a great deal of interest, you know, just in terms of getting these patients to a place where they can get back to their normal daily activities. of course, in the context of covid, there's a lot of interest around lung disease. there's a real commitment to trying to get these patients to a stronger place. we don't have i any data, of course, specific to covid, but we do have a good bit of data the that suggests that the patients who undergo our procedure have significant improvements in both their pulmonary function as well as their exercise capacity. so getting to a stronger place is something that i think a lot of people are focused on. neil: i think what has heightened the interest, and you know far better than i do, mr. french, is given the fact that that subset of the population that deals with these issues is vulnerable not only to
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covid, but having a more severe response to it, even death, that has changed the landscape quite a bit, hasn't it? >> well, it sure has. i mean, in a positive way and at least initially in a negative way. you know, when things heated up in new york city and then sort of moved its way around the united states, we saw, you know, our customers and our patients directly impacted by this. of course, the people who execute this procedure, pulmonary and critical care specialists, you know, as a result they were very, very deeply occupied with dealing with covid in their various environments and so forth. and the patients, to a large extent as you referenced during the crosshairs of the disease itself, this is -- but these patients with severe emphysema that we're treating are dealing with these challenges on a day-to-day basis. it doesn't take covid to destabilize -- neil: right. >> the common cold is something that can do the same thing.
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neil: you know, the environment right now, looking at the general environment right now where biotech is so incredibly hot, there are obviously, not for your investors, but there are going to be some disappointments along the way. those who miss the vaccine push and all of that. so there'll be maybe sort of a paring out in the whole biotech field. but the argument for pulmonx will be what going forward? obviously, you don't see yourself getting caught up in that and sort of, you know, set aside as attention is drawn to other issues. what will be your compelling case going forward? >> well, so we're not a covid solution. we don't claim to be one. and, you know, we're just trying to get patients to the best place they can be. we're focused on that group of folks who don't have good drug options before covid, through covid and after covid. we're going to continue to be
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looking to get these patients with severe emphysema who are having a difficult time breathing every day, they think about every breath they take, they describe it as if they're sort of underwater. so we're trying to get them to a place where they can be highly, you know, much more functional. and we see that as a great opportunity for the company. and then we have a multitude of other technologies that we have in various stages of development and assessment to go beyond this, to be a leader in these patients with chronic obstructive pulmonary disease. neil: you know what's interesting, i'll leave you with this, in the likes of others that have come forward among biotechs in the last week or so, they maintain their strong investor support afterwards. now, very few have the jump that you're enjoying so far today, your stock up better than 110%,
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does part of you get worried -- i'm confident, i like what i'm seeing, but, you know, i don't want this to get too frothy. >> we are so pleased with the group of investors that we were able to attract. it's really, you know, there's a number of the leading investors in the world that are participating in this deal. i think we had an opportunity to talk with virtually all of them face to face. as i look at my, you know, the top 50 investors in the deal, i think we've probably met 95% of them face to face. i think they understand where we're headed, how we're going to get there, and i expect they'll be long-term holders. neil: glen french, congratulations. that's a very strong, eye-popping debut. it looks like you've got the right balance, not to overdue it, not to overplay it, but hit the sweet spot today. pulmonx being closely monitored today. good luck. in the meantime, this
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backdrop of ipos, a lot of them -- indeed, almost a record amount -- but what's startling here is how they hold their ground. by and large, they are holding their ground. what does that say about the overall market and maybe the leadership change that is happening as we speak? after this. ♪ ♪ i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪
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for next year, i suspect other colleges and universities may be pondering adjustments in their schedule. we'll keep you posted. also keeping you posted on things in washington, i am talking about a crackdown of the big tech guys. edward lawrence has more on that from washington. edward, what's going on here? >> reporter: the vote, unanimous to subpoena the ceos of twitter, facebook and alphabet, the parent company for google. this is about the only thing that that republicans and democrats agree upon 100% in the days or weeks before the election. those three men on your screen, ceos of all three declined an invitation to testify, and that's why the senate commerce committee took the step for a subpoena. republicans and democrats voted on this for very different reasons. republicans saying it's because of privacy concerns for americans, also the censorship issue around conservative media,
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specifically the immunity that social media companies enjoy under section 230. democrats saying it's because of privacy concerns and the monopolistic power of the tech companies. senator ted cruz, republican, calling the ceos the robber-barons of the 21st century. >> big tech, i believe, poses the single greatest threat to free speech in our country today. and poses the single greatest threat to democracy in our dayment. >> reporter: senator richard blumenthal says he's concerned with the amount of data that's con system dated in a small -- consolidated in a small group of companies. senator maria cantwell agrees with that, also the influence that wields. >> i actually can't wait to ask mr. zuckerberg further questions. i'm so proud that when we had a hearing before with mr. zuckerberg, i asked him an infamous question that's now part of a movie, what was their interference in the last
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elections. >> reporter: and no date has been set yet for the hearing, some say it should be before the election, some after. back to you. neil: edward lawrence, thank you very much, my friend. post the debate, who won? depends what media organization's polls that you buy, but people who bet money on this sort of stuff and handicap how they thing the election is going, people are wagering on a joe biden victory. they're free to do that. charlie gasparino, no gamler, he, just a hard working journalist who does his best to inform the world what's really going on. he joins us on awe of this. do you buy it, first off, that this is what's going on, people now -- after that debate -- have upped their bets for a biden victory? >> no doubt on wall street. wall street was wrong in 2016 as well. they're not always right. neil: right. >> but, you know, i'm not going to say they're never right. they're often right, but they were wrong in 2016, they may be wrong today. but clearly, wall street -- and,
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by the way, the consensus is bipartisan, i can tell you that, the consensus on wall street because there's plenty of republicans on wall street, lots of democrats. the consensus is that biden won, won by essentially showing up and not looking feeble, that trump overplayed his hands, was a little too nasty and that, you know, what he needed to do, which is win suburban white voters, particularly college-educated, he did not do with his performance. we should point out though, again, that's their consensus, and the consensus was wrong in 2016. what's also interesting, neil, is what i'm hearing from democratic supporters about the markets. you would think joe biden was going to win, the markets would be off dramatically, right? and they should be if he wins because of he's going to raise taxes dramatically, and he's going to increase regulations, if he wins you're likely to get a senate that's democrat. if that's happening, you clearly have a shot at breaking up these
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big tech companies which even republicans, as you saw ted cruz attack, elizabeth warren could be in the driver's seat, she could be the treasury secretary. i mean, you know, joe biden, you know, could go -- has promised some radical changes to the economy that were different than the market-friendly changes that trump brought in when he got elected with a republican congress. and so what they're saying is, hey, look, the markets are up since this debate that he clearly won. maybe markets think joe biden, the stability of joe biden is better than the instability of donald trump despite the tax increases. and this just shows you that, you know, there won't be a selloff, that there won't be some sort of recalculation of portfolios that a lot of people think is going to happen that we've been reporting. at least that's what i'm hearing. i'm hearing this a lot. lloyd blankfein, the former ceo of goldman sachs -- again, bigtime wall street democrat -- essentially said that in a tweet yesterday.
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but i'm getting more and more e-mails and dms and phone calls from prominent wall street democrats. i will say a few things act that. number one, the markets are up for lots of reasons including 0% interest sates. and, number two, the election's not over, and for all the president's issues around covid, he's not losing by a huge margin. he's not down by 20% or 10%. he's at a point where he could win. nate silver of 538 essentially says it's more than, much more than a theoretical possibility, it's a 30% chance, and that's not nothing. and that's someone that sides democratic often. so that's one thing. the other thing, neil, the markets are up because of stimulus. that headline is, you know, markets love that headline. and that headline just throwing money at stuff is propelling the market. so i would not read into the markets falling in love with joe biden. i am still going to stick to
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logic here. if joe biden gets elected, if there's a senate that turns democrat, there has to be a recalibration of portfolios to protect against massive tax increases and regulation. has to be. neil: all right. thank you very much. >> the right idea. neil: those betting odds of the debate and all that -- >> they're coming right at you, cavuto. neil: you know, that's fine. >> rich guys like you. neil: charlie gas prix i know, making his last a appearance on this show. [laughter] cut his mic. all right, have you heard about these companies that make were a uv robot and it can completely decontaminate an area for covid s and now everyone's involved in it including a number of big, big football teams, businesses, entertainers, you name it. very much envogue. ♪ ♪
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train hard, because aerotrainer can take it. it inflates and deflates in less than 30 seconds 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. right now the carolina panthers are on record as becoming the first american professional football team to deploy the world's only proven
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coronavirus-killing xenon uv ray robot. i don't know if the pittsburgh steelers or tennessee titans are entertaining that, because they have canceled or at the very least postponed their game until later in the season, and it's roiling the nfl schedule as a result. lawrence miller is the ceo of that uv-grade robot. lawrence, you said you were going to see more examples of this sort of thing, and now we're seeing it certainly in terms of sports franchises. what do you think? >> this is the world's most powerful uv robot. we've proven that it kills the sars cov-2 robot in two minutes. this is a huge opportunity. the carolina panthers are really getting out in front of this, setting an example for the rest of the league and, quite frankly, all professional sports in terms of how can you use a light-strike robot to kill and later protect players from all of the other pathogens that they
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might encounter. neil: can you educate me again about how it all works, what it does? >> so inside that robot is a lamp. we have a special mixture of xenon gas in the lamp are. we pulse it, it puts out high-power, high-intensity, broad-spectrum ultraviolet light. when i say it's the most powerful uv device on earth, it really is. it goes -- they take it in, it takes two minutes to disinfect an area. the panthers are using it in all of the areas, locker rooms, wait rooms, the gymnasiums, the offices, the meeting rooms, everywhere where the players or the employees might go, they're using it to bring down the pathogen load, prevent the players and everybody else from getting those pathogens and the consequential infections. neil: how do you avoid places that might be missed? in other words, dumb question on my part, but how do you make sure the whole room has been, you know, cleared? >> no, so great question, neil. so, actually, you make sure --
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the robot itself has sensors to make sure there's no heat, no motion. once the room is cleared, it takes about a 15 seconds, the top of the robot rises up, it does its pulsing for two minutes. it will go about a 2 to 6-meter radius around the many chien. you know those areas are clean, and literally somebody can move it into the next area and run are it again. the goal when you're dealing with a huge facility is you need to get hundreds of thousands of square feet. by having three robots going 7,000 square feet per hour, really easy for them to get everywhere that they want to go. and it sets an example in terms of getting people back to work, players back in the stadiums, people back in the seats. it's really what needs to happen to get the american economy booming again. neil: all right. we'll watch it very, very closely. lawrence miller, ceo.
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in high demand right now. keeping a close eye at the corner of wall and broad where the dow is up 26 points. there's a back and fort here that mitt romney might have contributed to when he was coming out of the white house earlier whenned asked about a $2.2 trillion package would he be for that, he is simply said, no. after this. ♪
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neil: don't blame those in the way of these fires that are out of control on the west coast. they're really not too keen on debate rule changes, what is going own with the markets, they have more life and death concerns, matt finn out of california with how the fires are going right now. matt what can you tell us? reporter: neil, unfortunately the red flag warning is back in effect. hot, dry conditions, means a single ember can spark more fires. our understanding one was, there is a fire to the south of us that is burning right now. here just north of napa. the area is under evacuations. the majority of people have not returned back to their property to see if it is still standing. here in napa and sonoma counties the glass fire continues range on. it is like a ghost town.
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wineries and resorts have been obliterated. one known as the castle, he said he was getting back to normal business after being closed for three months because of the pandemic and a previous fire this year. the winery own calls his business a total loss. he rushed to get fire crews to the property but thousands of his bottles and regular vintage wines were burned. >> by the time they got all set up, the building was pretty much consumed and ended up a total loss. so it's a shame. i put my heart and soul into this project. we took almost 15 years to build this project, this is my dreamcast sell. my dream. reporter: the glass fire in napa and sonoma counties is at 51,000 acres, roughly about 5% contained. to the north near redding, california, the zog fire has grown to 55,000 acres. fortunately it is 26% contained.
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when you look at images like this you might think the fire is over. an official told us that the glass fire is kicks up to the south of us as well. neil: is the weather going to cooperate or help these guys out? reporter: you know, as of yesterday, it seemed like the fire had kind of began to calm, maybe even got under control. then that red flag warning was kicked back into effect today, into tomorrow. hot, dry air and winds. so it looks like the weather will not be cooperating in the next 24 to 36 hours, neil. neil: all right. matt finn, thank you very much, my friend on all of that. meantime here, before i throw to my friend charles payne, an update on that stimulus measure. we do know this past hour the treasury secretary steve mnuchin, nancy pelosi have chatted on phone here. you know this is just to cobble together something in the house they can agree on there is no indication that we have yet those in the senate will go along. the first thing to telegraph
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that was some interesting comments by mitt romney. asked about that stimulus measure and its price, close to 2.2 trillion at that, he would not. doesn't mean the price still can't come down and he could be persuaded now. as things stand, mitt is in a fit. now here comes charles. charles? charles: neil, thank you very much. good afternoon, everyone, i'm charles payne. this is making money. breaking right now, oops, we did it again. coming into the session believing congress will get its act together, sparking the markets to rock out of the gate only to get wobbled by the one neil mentioned. this same congress earned it is 9% approval rating. dow a little flat. but will the, market will not take kindly if it is fooled again. meanwhile you would be surprised by the biggest winners in today's session if you're not a regular viewer of the show.
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