haidi: next, gradient investment's mariann montagne says u.s. stocks will get higher despite the election uncertainty. but history tells us otherwise. plus, top money managers are calling on australia's biggest companies to hire more women for executive roles. this is bloomberg. ♪ september proved to be a cruel month for risk assets and history shows election year october are usually not kind either. on average the s&p 500 had lost 200% in october for the past seven election years, and there may be more pain if the election results delayed. a contested election could mean a correction. >> most likely you're not going to know the winner is. we could have a 10% correction just because of that. if you have a hotly contested situation. shery: to discuss this and much more, joining us now is portfolio manager mariann montagne. great to have you with us. fact you'rethe seeing so much election risk, not to mention we do not even have a stimulus package yet, we continue to see a stock rally. what is driving these moves? is it just portfolio rebalancing

art hogan and mariann montagne, thank you for joining us >>> we're going to look at the future of the industry and the names that could suffer the most >>> plus, why one analyst says netflix can pull off another price hike, and the implications if it does netflix shares struggling to stay positive for today. >>> and a win for tiktok as they beat the government's ban. we have it all on "the exchange." >>> welcome back airline stocks feeling the wind beneath their wings today. american airlines secured a $5.5 billion treasury loan and you can see shares are up 5 to 8% across the board but the industry at large is still suffering. passenger traffic is still 70% below pre-pandemic levels. the $25 billion in aid the airlines received through the cares act expires on wednesday, barring last-minute aid, more than 30,000 employees could be furloughed october 21st. they are urging aid through next march, but we did get news the last hour that the pilots have accepted their pandemic recovery agreement to avoid imminent furloughs. with me, phil lebeau phil, as i understand it, these pilot jumps