the white house says final-off, 1.9 trillion. nancy pelosi still at 2.2 trillion. [closing bell ring] in is the closing bell. s&p is down 7. dow down 91. time for "after the bell." connell: going negative there in the final moments of trade. really not a great close at all t was a choppy session overall throughout the day, lawmakers continue to try to hammer out the stimulus deal. we'll talk about that. i'm connell mcshane reporting from the state of minnesota. we welcome you in "after the bell." numbers on major averages it was a swing between gains and losses throughout the trading session. further in the red in the final hour and final moments of trade. a lot going eninn washington. mark meadows telling president trump is willing to lean in, get a relief deal done on covid-19. he says the current number where the whitehouse is at

$1.9 trillion. also some comments on timing. a a lot of comment from the white house. tesla is the stock after-hours. trying to eke out gains. looks like it will. ahead of earnings report we expect to come out during this hour. we'll cover that. analysts look for any sign that tesla meets delivery target fore2020. the number to watch is 500,000 vehicles. 500,000 on deliveries. remember that when tesla comes out. today our swing state economy series brings us to south st. paul, minnesota. we've been speaking to people on the ground as president trump wants to flip this state red. he has less than two weeks to do so. we'll hear about business owners and how the economy impacts the vote. we're ask our host, with a local business running here since the 1800s at the same location.

how they weathered the pandemic and over times. they make fire hydrants and fire suppression equipment. real interesting american company. we'll talk a lot about that later in the hour. fox business team coverage of our top stories. lauren simonetti watching it tesla, blake burman at the white house, hillary vaughn is on the scene at the presidential debate in nashville set for tomorrow and edward lawrence from the white house. a lot on the stimulus talks. what is the headlines, blake? reporter: a lot of headlines, connell. we'll boil it down into three of them. the longest running political series phone call still occurring potentially at the moment, nancy pelosi speaker of the house, treasury secretary steve mnuchin set to talk once again this afternoon. 2:30 was the time of this phone call. as of yet we have not received a readout what happened on the call though some big outstanding issues will be made. what is the state and local funding component look like.

what might liability protections look like. headline number un, phone call. secondly earlier, today, up on capitol hill, the white house chief of staff mark meadows met with senate republicans to talk about where things stand with the negotiations and potential relief package. remember, if pelosi and mnuchin are somehow able to hammer something out it, would still have to run through the senate to get over here to the president's desk. so afterwards, i asked the white house chief of staff, how that conversation went. i want you to listen here closely. it seems as if he was conveying some frustration from senate republicans. watch here. >> secretary mnuchin and speaker pelosi are speaking right now. i spoke to him half hour, 45 minutes ago, i'm still very hopeful and very optimistic we're making progress and yet, you know, our senate republicans are starting to get to a point where they believe that she is

not negotiating in a fair and equitable manner. reporter: i think you can sense some of the frustration there, connell, at least the third headline, senate republicans or senate democrats blocked a 500 billion-dollar bill that senate republicans put forward for a relief package. remember the white house and nancy pelosi are negotiating on a number 3 1/2 to four times that amount. mark meadows today, connell, referred to it as a $1.9 trillion package. they had been talking about 1.8. now they're saying 1.9. seems if they're coming up a little. either way the conversations continuing. connell? connell: yep. thank you for sorting through all of that, blake. bottom line, no deal. at least not yet. get to hillary vaughn in nashville. president trump and joe biden, head-to-head to go through the city with the big debate tomorrow night. hillary? reporter: connell, even though at certain points tomorrow night the candidates microphones will

be muted after the initial question and the two minute answer period that each candidate will get, it will not stop them from going after each other on the issues. the trump campaign says part of that irstrategy tomorrow night is to let biden talk. senior campaign advisor jason mill are previewed some of the topics trump wants to talk about tomorrow night. on top of the list, cornering biden on court packing. he is expecting to drill biden on past flip-flops on the issue of fracking. trump debuted at the rally last night, he called it a original trump broadway play, biden's past comments on the issue you. he hammered biden's tax plan. it is turning off some in hollywood like 50-cent. he wants to hit him on overseas business dealings that biden brushed off, and court packing

calling them distractions what he plans to talk about tomorrow. the president's handling of the pandemic. biden's campaign says it's a losing strategy to bring up hunter. they want to talk about job loss and a slow economic recovery. and senator harris previewed earlier today how her running mate is preparing. >> people want to hear how we'll help working people get through the end of the month to pay their rent. that is what people care about. you know one of the things i love about quo biden, he doesn't take on or talk about other people's kids. reporter: biden's wife, former second lady, dr. jill biden was on "the view" today. she said tomorrow's debate is not about her husband, joe biden but it is about the american people and that is a strategy that we saw at the first presidential debate where biden repeatedly ignored what was happening to stage right of him with president trump interrupting him, tried to speak directly to the american people by looking directly at the

camera. connell? connell: we'll see what type of a changes they both make tomorrow night. hillary, thanks. hillary vaughn, nashville, tennessee. we're here in minnesota. minnesota swing state economy has been bouncing back. president trump hoping to use that to his advantage. the unemployment rate peaked at 9.9%. that was back in may. now it has improved. it is down to 6%. that said, still uphill climb politically for the president as he tries to turn a state red he only lost 1 1/2% to hillary clinton four years ago. as we were driving around in a snow covered suburb in minnesota, the biden-harris signs were all over the place. political activism was obvious. the black lives matter movement, well-represented here, after the killing of george floyd in minneapolis. then after seeing all of that doing some searching there was one house in the neighborhood, you saw visible support for the president. there you have it, kind of shy trump vote up against vocal suburban opposition. >> i'm voting for trump.

connell: okay, why? >> i think he has done a great job. i think people are starting to wake up. it really feel like change needs to be done. >> voting for joe biden and kamala harris. connell: tell me why, ma'am? >> i believe they're the best positioned to pull our country back together. to make us a responsible citizen of the world. to lead us forward on new energy solutions. >> he don't think minnesota will be going for mr. trump, president trump. >> joe biden, kamala harris okay, why. >> the election of our lives, to save democracy, to bring dignity back to the white house. connell: how do you think president trump will do here in minnesota? >> i don't know. i think it is going to be close. he almost won last time. you know. but it, that is a great thing about our country. everyone has their own choice. connell: really interesting here in minnesota. similar demographics to some of

the states president did win last time. it hasn't gone blue yet, going back to '76. we'll watch it. it could be close. new coronavirus cases are growing at the fastest rate in three months. at least 15 states set record highs in terms of hospitalizations over the past week. let's get more perspective on this. edward lawrence live in washington. reporter: late-breaking news. governor phil murphy walked out after news conference because one of his closest aides tested positive for coronavirus. the governor got tested and he is negative. he is quarantining out of abundance of caution. we're closer to getting the first vaccine, the company having it approved, likely third week of november. on that front in local media in brazil a person in the astrazeneca study died due to complication of the coronavirus. unclear whether the person got a vacs seen or placebo. they're looking into that.

according to johns hopkins medical center, more than 60,000 cases reported in the u.s. yesterday. that is the third straight day of increases. markets are closely following headlines. it is also becoming political. senator kamala harris the president should have told americans how serious the pandemic would be sooner. >> right now in the midst of a public health pandemic, donald trump and bill barr are in the united states supreme court trying to get rid of the affordable care act that president obama and vice president biden -- [cheers and applause] made happen. that brought health care to over 20 million americans. reporter: in an interview recently president donald trump said looking back there is not much he could have done differently with the coronavirus. something the vice president echoed today. >> before the first documented case of community spread in the united states president trump did what no american president had ever done before. he suspended all travel from

china, the second largest economy in the world. [applause] now joe biden said that was xenophobic. he said it was hysterical but i can tell you joe biden's wrong. reporter: the administration says the distribution of a vaccine will be set up and finished early november. still when the approval comes, governors of both new york and california are saying they will not take the word of the fda but will appoint their own experts to look at the data before allowing the vaccine to be given in their states. back to you. connell: edward lawrence, thank you, live from washington. "fox business alert." earnings news on tesla, that is the big news after-the-bell earnings report we're waiting. headlines start to cross. lauren simonetti in a moment will confirm all of this. the numbers, lauren joins us now, the numbers look to me to be better than expected on the headline figure i saw on eps. tell me what you're seeing on delivery figures, something

we're looking at too? lauren: look at the stock reaction. obviously investors like what they're seeing. the stock is up over 4%. adjusted eps, 76 cents a share. that was better than the 57-cent estimate. revenue pretty strong, 8.77 billion. also stronger than the 8.36 billion that was estimated. still looking through the release to give you the all-important production and delivery numbers, we got a peek. about 139,000 for the third quarter reported earlier. we'll see if there is any update to that in just a bit. connell? connell: lauren, thank you. jonathan hoenig joins us for some quick reaction to this from the capitalist pig hedge fund, fox news contributor as well. delivery numbers always important for tesla. one of the headlines crossing said they have the capacity installed to produce and deliver 500,000 vehicles which is the round number analysts were looking at. headlines in terms of earnings

look good. then the question of course for someone like you comes down to valuation when you're assessing whether you want to invest in tesla which has been the craziest of stocks over the last year. what do you say? >> valuation, it was sky-high even before the blowout earnings, connell. great to be with you now. it still rests somewhere near about 1000 times earnings but it is not stopping the stock from trading up about $12 after-hours. look, this is a growth, unicorn story, that keeps on going. i mean this stock was already up 400% year-to-date even before these unbelievable blowout earnings. this is it. tesla's sixth straight profitable quarter, really crushing expectations. connell we're all starting to wonder will this stock be included, will this company be included in the s&p 500? as always with tesla you have to read between the lines. $331 million here is gaap earnings but about $400 million are earnings are actually those

regulatory credits. so as always analysts are looking at tesla with a bit of a skeptical eye. that is not stopping the stock by what all admit a blowout quarter for tesla. connell: i have to say on the s&p part i was surprised, a lot of people were, they didn't join the index. that seems like a matter of when not if, right? you keep delivering on these figures enhough obviously questions about valuation and hold that thought for a second, jonathan. i do want to bring lauren back for more details on the numbers. we'll continue the conversation real quick. what do you see, lauren? reporter: speaking of the s&p inclusion, if it is included in the s&p 500 it will be the ninth biggest component in the index but looking through the report everyone is talking about can the elon musk goal of 500,000 vehicles be delivered this year, can it happen? we'll get more when we hear from elon musk in about an hour on the conference call.

we don't know which elon will show up. the one who kind of underestimates or the really bullish one. we do know that tesla says that they have the capacity installed to produce and deliver 500,000 vehicles this year. so that should be assuring to investors saying can tesla do it? basically the number needed in the final quarter of the year to do that would be around 180,000 vehicles delivered but, look, guys, as we saw yesterday and today, gm is now a big player with the electric hummer in this market. yes, more expensive than the tesla cyber truck but it is cool. it has got great features. you have the small competitors. you have got your big competitors and you have tesla which is, they have the advantage of being first here. connell: yep. they do. jonathan, quick final thought on that. to me the way i read if you say the number is 500,000 i have the capacity to do it, you say we're good with that. i think that is the way the

market is reading it as well, right, jonathan? >> it is giving to as lauren alluded to, connell, tesla that valuation premium. reminds me of the early days of internet booms, there were a few internet stocks, like yahoo!, that got the internet premium. tesla by all measures is getting that ev, the electric vehicle premium as more companies continue to go online, bmw, porsche, others coming out with their own versions of ev vehicles. tesla will make more money but will the premium sustain it in the months and quarters ahead. we'll have to wait and see. connell: we'll talk about that gm car a little later. lauren, one quick add before we wrap? what do you have. reporter: average selling price for a tesla vehicle declined slightly in the quarter. they're able to produce them more efficiently, bringing costs down. they're appealing to more people so you have different price points. i'm not going to complain about a cheaper tesla, connell.

connell: well that's good. you and i could afford one now, not just hoenig. thank you, jonathan good to see you as well. stock is up 11 bucks which is nothing for tesla. theme parks under pressure. california's new reopening guidelines could keep them closed until next summer. we'll talk about the impact on the economy. our coverage from battleground minnesota, talking to a the president of the company hosting us today. this company has been a staple in minnesota since back in the 1800s. we'll get advice from other businesses how you work your way through tough times. the push to reopen gyms. we talked to the ceo life time fitness to bring customers back across the country in the spring. where does the company stand today? he will join us coming up next. >> we are really not as sensitive to when the state says the club or gyms can open or not. we're more focused on what the

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company. has an outspoken ceo. he has been pushing hard for gyms around the country to reopen. now that they have, he invites us in to one of his facilities to talk to us about politics, covid-19. >> we're about 60% of our traffic volume from last year all across the nation. we're able to get to our company to a point where actually we'll make positive ebitda. this is a, you know, far cry from making 50 million plus ebitda per month. at least we're positive. and the momentum is good. members are coming back. connell: do you now how much this pandemic will cost us in dollar terms? >> unfortunately yes. 500, 600 million this year. connell: wow. >> it would have as much as 2, 300 million impact next year.

connell: you're not publicly-traded company anymore. >> that's correct. connell: what do you do? you go out raise money? >> financially we're strong enough to weather the storm. the partners and others have invested in the company. we have plenty availability in the revolver. we're able to get through the storm. i suspects we've been through seven months. we have another seven months on the back side. we have enough therapeutics and enough vaccines, that we anticipate that we have to shoulder this another seven months. connell: did you slow down any expansion plans? this is more than just a gym as people that follow you know. i know you were thinking about building residences. you have like kind of a wework competitor you're involved in. >> right. connell: did you slow down your expansion plans? >> absolutely. having been through the 2008, we know exactly what we need to do at the moment. we own our own construction company, our own design. so we have a lot of control on speed of building or slowing down. but when things like this

happen, you're substantially slowing down everything you can slow down. we still have some growth. we're still building some of the clubs across the country but much more measured. lifetime live, lifetime work, they're still in progress but much lower. obviously we're not going to be producing a billion dollars of new development a year at this point but i think by this time next year we'll be full forced going forward again. connell: you're a very strong voice, i think it is fair to say in the country for reopening. >> right. connell: last time we spoke we got into that a lot. now, we're at a point i think all of your clubs or almost all of them are open. >> right. connell: how are things going? what have we learned? what is going well, what is not going to well on that front? >> that is a question question. as our health company, our number one concern is the health and wellness of the community.

i have been very strong making sure we protect our brand for what it stands for and everything else will take care of itself. we took care of employees. we took care of customers. we know what customers are coming in. what bikes they are on. we know masks in the fitness room. when we hear a case we check with everybody. we have not found a case that originated in our clubs. the truth, having a business taking, helping people with diabetes, reducing that. reducing obesity. reducing hypertension is really the cure that we have available today. connell: final question is this. you have a fairly good sense here. you're spread out around the country about the differences regionally in reopening. what are you noticing in terms of what is happening in new york versus what is happening in the west coast or southeast or here in minnesota? and is it split on political lines? what are you noticing? >> really truly based on fear factor, right? the states that the people are

more afraid, the media has pushed the narrative that the coronavirus is, you know, this or that, whatever the, that all really driven by the pushing the amount of the percentage of people who are willing to engage. in some of -- connell: fewer people are coming back voluntarily in those states? >> in the states they're more scared. and in the clubs, in the markets that people are less afraid, traffic is as much as maybe 70, 80%. connell: are those just split red, blue, politically? >> red, blue has got a lot to do with it. however, minnesota a blue state, because the state has handled it so well, by shutting down early, putting the right protocols in place, the business is nicely coming back. connell: all right. the ceo of lifetime, politics of coronavirus. united airlines is testing out a digital health pass.

called a common pass. adopted by the world economic forum. they will take a covid-19 test up to 72 hours before the flight. they up load the results to the phone. present the to electronically to the airline staff and borer officials. this technology is being tested on a flight from london to newark under observation to the cdc if it works they might roll out the app around the globe obviously for international travel. we'll be right back. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. state of the art technology makes it brilliant. the visionary lexus nx. lease the 2021 nx 300 for $359 a month for 36 months. experience amazing. at your lexus dealer.

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theme parks. it could keep them closed until next summer. william la jeunesse. with more. william. reporter: universal, disney, legoland, could be another eight until they reopened. industry executives blasted governor newsom being unrealistic and biased closing the parks indefinitely. >> i call on governor newsom to come to anaheim, to see for himself the devastation this is causing to so many working families. reporter: disneyland alone employs 31,000 workers. universal already cut 2000 jobs. now together these companies say they have reopened 13 theme parked around the world. asia, europe, five in florida. they know how to open responsibly but say the state is holding them to a higher standard than pro, college football, zoos, aquariums and museums. >> the administration to treat

us the same as industries of a very similar nature. >> this pandemic is a much broader health crisis when unemployment becomes a factor. reporter: california operates a tiered system. if seven or more per 100,000 get sick each day the county remains mostly closed. that is purple. when rates fall below one per day on average, yellow, the large parks can reopen but the industry says that is impossible in a county like l.a. or orange which is bleeding tax revenues and cutting services. the state however fears the parks drive tourism and fear they will become superspreader locations. >> people may keep the guard up while in a theme park but while milling around the community are the guard may go down. that could be enough to create outbreaks and transmission risks that california just doesn't want to see. reporter: so the bottom line today, the parks said they may sue, connell. in the short term it is not

about profitability. at 25% capacity not going to happen but they want their employees to have a paycheck, health benefits and right now the governor won't let them do that. back to you. connell: all right. william, thanks. william la jeunesse out in l.a. extending the timeline, amazon now saying it will allow its employees to work from home until june of 2021, as cases of the virus continue to surge across many parts of the country. this move comes roughly three weeks after amazon said more than 19,000 of front line u.s. employees either tested positive or presumed to be positive for covid-19. all right, history made in space. nasa spacecraft successfully touching down on the surface of an asteroid, collecting samples that could give scientists new insights into the birth of the solar system. how about that? the samples are expected to be delivered to earth in september of 2023. mark that one down. up next the balance of power, can democrats take back the senate? we will have update on key races we're watching that could impact

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♪. connell: so, we know for wall street investors balance of power in the senate is something they're watching almost as closely as who wins in the race for the white house. so let's take a look now at the fox power rankings as we put

them together. republicans current control, 53-47. when we look at our projection based on data we have 49-48 in favor of the gop, but with races in maine, montana, north carolina as come meet tossups. really could go either way. we have five close races currently in our ranks leaning republican. south carolina, iowa, alaska, two races in georgia. three more right now have been leaning towards the democrats, arizona, colorado, and minnesota. now tell you jason lewis would like to change that lean. the republican candidate running in minnesota against incumbent democrat tina smith. >> good to see you connelling. connell: you would like it go the other way. how does the campaign look? >> the polls closest in 2016 show us within the margin of error. going two or three weeks down. we think there is huge silent majority in minnesota.

40,000 miles, out in there it is trump-pence lewis country. connell: from political strategy, one of those years minnesota will finally flip in the presidential race. similar on the senate side. we were driving in the is a bushes. been around the country. a lot, more an so than other areas, biden hairs signs and black lives matter signs. we talked to people with the republican support is a little more hidden. >> dichotomy in greater minnesota than in the metro area. people in the metro area some people are plain scared. they are showing up in the polls. they're not answering straightforwardly. showing up not putting up signs. people are afraid what happened in minneapolis this summer, instead of exporting paul bunion, the governor's decision, mayor's decision to stand down for the third precinct. we started exporting riots and mayhem. that is on the ballot too. these is a bushes want public safety. they want protection of life,

liberty, the most. they are ready to flip in our side. coming back, in our polls they are coming back. connell: i thought i would hear more of that than i did. when i spoke to people. people don't bring it up as much. i'm not sure if that doesn't bode well for you or what the case may be. i thought i would hear more of that, law and order. >> i would argue, connell, they're not bringing it up for same reason. media, pollster, somebody they don't know, i've had it with this, i'm had it with that. they are afraid. people when you defund the police, when people aren't being prosecuted or even arrested for attacking their neighbors, that tends to intimidate a lot of people, right? connell: right. >> those people show up. i would argue this, the silent majority in 2020 is much greater than 2016. connell: let me move out of this area for a moment talk to you about the rest of the state. boy the president came very close. >> 44,000 votes,. connell: we talk about the three other states, pennsylvania, michigan, wisconsin. he did win. some people forget about how close minnesota was. what is the key to winning

statewide? >> we'll outperform and hold the suburbs and open iron range for mining getting democrat support. when think do that is a clear path for victory. they're running on a platform to undo the tax cut jobs act. keep mining shut down on the iron range. that is not a plan that resonates with small business or united steelworkers on iron range. i was endorsed by two labor unions when i was in the house of representatives. we're getting democrat blue-collar votes in minnesota that would be the pathway. mitt romney did a little better in the metro area than president did. president came within 44 votes. not mitt romney. connell: it is a different republican party. president in down ballot races the president could be, with his poll numbers lagging hurting candidates like you. what is actually happening out there? >> no, i'm running with the president, glad to do it. we're joined at hip. in for a penny, in for a pound. this is about the forgotten man and woman minnesota that hasn't

been represented, speaking for them on iron range, ag country, small mom and pop shops, resorts closed down by a blue state governor. we have 70-day window. they were shut down by the perpetual lockdown. joe biden, tina smith want to perpetuate that. connell: jason lewis, former congressman, wants to be a senator. thanks for run talking us to here in the state of minnesota. >> appreciate it. connell: we're bracing for the cold, we know about winter weather as we been traveling to minnesota. traveling across the northern tier of the country, bringing snow to upper midwest. several systems continue to spread know through northern rockies and northern plains this week. it didn't look like that when we were in arizona. did look like that here but it is beautiful in minnesota. we'll be right back.

♪ ♪ ♪ ♪ ♪ before money, people tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited

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connell: "fox business alert" on tesla. the stock was up 12 bucks last time we checked. now 9.50. this is 2.3%. the fifth straight quarterly profit was reported earlier this hour. the company says it has the capacity to meet 500,000 vehicle

delivery goal for the year. we'll wait for elon musk and company on the call here the next hour, to see what they add to that. they said achieving its goal has become more difficult. maybe that is why the stock is not up as much. still up more than nine bucks. they are calling this the world's first super truck. so we play off tesla and talk about general motors. it is unveiling the first-ever electric hummer. the hummer ev they call it, beginning production late next year. jeff flock has details. he is in napierville, illinois. this is one of the dealerships that will sell it, jeff? reporter: you remember our old buddy woody in napierville gmc. it is all about trucks for gmc, connell. you see the gmc trucks. they have a big brother a big brother. i mean it. take a look at the pictures of this. this is the new hummer, electric hummer. remember it used to get 15 miles a gallon. now there are no gallons

involved. this is amazing. zero to 60 in three seconds. it is 100, or i should say 1000-horsepower. they have a range of 350 miles on an electric charge. you can get 100 miles of range in ten minutes on a charge. pretty amazing stuff. they have also got these things, woody, something called the extract mode. it is where the car, the vehicle will come up to a boulder and raise up? >> absolutely. reporter: isn't that amazing. the other thing, something called the crab mode. not when you're angry at somebody, you get angry. no, about the vehicle going sideways. >> it can actually move lateral. it really can. it has all the utility probably someone will ever use but if you have the need it is there. reporter: want to get to nikola. gm's stock has been up big time since the news came out. they have the potential partnership with nikola. today mark royce telling fox business network, that partnership they're still

negotiating, it is still on. nikola partnership. here is mark royce. >> there are a lot of different modes for drivers. some people haven't seen before, a actual diagonal crab mode, steering that we can do with the truck that have never been seen before, frankly. reporter: that is not what mark was talking about with nicolela. he was talking about the new truck. exciting truck there. news made. connell, go buy a truck. everybody is doing it. connell: close enough my friend, we'll take it. jeff flock, fair and balanced. we cover all the election stuff. thank you, jeff. to woody out there. helping to fight fires for over 100 years. we'll coming up talk to the president of this company where we're at, waterous. the company during the pandemic and other tough times. that is the next. charles payne will lead a fox business all-stars for

"america votes together" town hall. if you have anything from businesses opening up their doors to the real estate boom or anything else. send an email with a video of yourself. the address is invested in you at foxbusiness.com. maybe they will feature you, the program airs next tuesday, october 27th, 2:00 p.m. eastern right here on fbn. we'll be right back. some companies still have hr stuck between employees and their data.

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♪ ♪ connell: all right. back here in minnesota with, you know, a great story, great american business story about the location that we've been broadcasting from. if overbeen wondering -- you've been wondering, the name of the company is walrus, and it's been here since 1886. you name it, they've seen it here. they make fire hydrants, other fire suppression equipment. and when you see your local department out fighting a fire, likely they're using something made right here in new hampshire. and bill smith joins us now -- here in minnesota. thank you for having us in.

>> thank you for having us. connell: there are not many companies, a handful, that are that old -- >> no, 136 years -- 134 years. connell: i said at the beginning maybe we would ask you some advice. obviously, you personally haven't been here the whole time -- [laughter] >> no. connell: weathering tough times, because we've been through a tough time here with the pandemic. your company's been through a lot. >> we've been through a lot. one of the things that makes us stand out from our competition is the quality of our products. when, if your house is on fire, you want to make sure that the equipment that shows up to put that fire out is quality products on the president trump. connell: you'll be all right. did you guys get hit? i'm sure you did, everybody did, how have you managed through the last number of months? >> well, the pandemic, we've been very fortunate. we've only had 4 employees that have contracted it out of our 275 employees, and we've been

very fortunate from that. but we do have checks and balances for the employees, you know, if they don't feel good, not to come to work. we have a procedure that they go through with a lady in our h.r.d.. connell: sure. did you have to cut jobs? >> no, no one lost their job and, actually, we're hiring as we speak. connell: wow. what about business? just numbers, volumes, was that down? now orders are coming in? >> orders are coming in strong. we're down just a smidgen, not a whole lot. connell: everything here is made in the usa -- >> correct. connell: we were looking around earlier, it's all american made. you do have this international component, you ship to a number of countries -- >> yes, we do. connell: one of them is china. >> correct. connell: especially before the pandemic, our show was in some way, shape or form about trade and the back and forth. how did that impact you? >> well, that has helped us, because we've been selling product in china probably for about eight years now, and we

have a very good reputation there. and we have an agents that is in shanghai. but we ship from here to los angeles. he takes the product over and then ships it to shanghai, and then it gets distributed from there. connell: so you avoid tariffs -- >> we don't pay the tariffs. our agent pays the tariffs. connell: how does that work between you and the agent then? >> then he -- that's on him. connell: that's interesting. so that's a way around it. the go between, the middle person absorbs the cost. >> well, we reduced them when they just raised the, china raised the tear -- tariffs, we split the raise with him back in the spring. connell: okay. >> we split that with him to help him. he was getting hit pretty hard. connell: what would you say about policy then, how the president has handled the trade war? it doesn't come up as much as i maybe thought together, but it's certainly a big issue. >> well, we like fair trade, but we don't like free trade. we don't have any objection, like we think our products can hold up very well against the

competition. t difficult to hold up against a country. connell: what was happening in the past? >> in the past, i think it was approximately 25 or 30% was getting added on, and when the battle started, it was 40%, 45%. connell: has that changed from the better? >> no, it's still there. connell: there hasn't been really any effect on what you're doing. >> no. we're down a little bit but not a whole lot. connell: it hasn't started to improve yet. >> no, they haven't pull them back. connell: we'll watch that. you optimistic? >> you have to be. connell: i guess there's no other choice. >> you have to almost be optimistic when you're leading a company. connell: that is very true. thank you, bill, thank you for having us. you've been a terrific host. >> excellent. thank you for having me. connell: they make all this fire suppression equipment, the hydrants and everything else. really interesting to learn about as when we do these shows

from swing states, different types of business in addition to the politics. i'm congress mcshane, on the road again tomorrow, swing state economy reporting. we'll continue from the atlanta suburbs. we'll speak to voters there as the debate happens in nashville. we'll see you tomorrow, but it's "lou dobbs tonight" that starts right now. have a great night, everybody. ♪ ♪ lou: good evening, everybody. the rah call dems' presidential nominee, joe biden, has finally broken his silence about damning e-mails and pictures found on a laptop belonging to his son, hunter biden. the former vice president was asked asked to respond to a statement released this week by senator ron johnson, the chairman of the homeland security committee. the senate and the committee charge that hunter biden and his associates profited off the biden name and their access to the obama/biden white house. joe biden did not deny that any of the e-m