loses -- what mnuchin produces. want to be able to sound unified. as you correctly point out, there republican senators that have concerns about passing a big spending bill who are deficit hawks. they do not want to increase the budget. they are strict about this. there is a potential even if an agreement is struck, it is going to have to be sold to a number of senate republicans if we actually want to see it passed into law and for americans to benefit from it. what are you hearing about the race for the senate and the tight rope walk a lot of senators have to do to not upset their base, make sure they are and pushing for more money, the same time not stray too far from trump not be too close to trump. i feel like not being too close to trump but being close enough feel like- emily: i not being too close to trump about being close enough to trump is something senators have perfected, especially from states like colorado which tends to be less red and more blue. the senate map, we knew it would be a difficult year f

nancy pelosi and steven mnuchin say they have made progress on a compromise stimulus bill. they plan to continue negotiations. merchant says he sees an agreement -- mnuchin says he sees an agreement costing as much as $2.2 trillion. on bloomberg, new jersey governor phil murphy said the country needs a deal soon. >> we need a deal that has to include state aid. obviously extending unemployment, help for small businesses, all of the things that we know about, but we need a big of state aid. ritika: mnuchin has proposed a plan that would include $250 billion for state and the will governments. democrats are asking for more. the tokyo stock exchange halted trading for the entire day because of a hardware break on. it is the worst ever outage for the world's third-largest exchange. the operator of the exchange says it will resume trading is normal on friday. in the u.k., a major study shows

nancy pelosi and steven mnuchin say they made progress on a compromise stimulus bill. they plan to continue negotiations. mnuchin says he sees an agreement costing as much as two. extended -- as much as $2.2 trillion. of has extended its halt buybacks. it says the banks need to preserve capital. jp morgan had already indicated it wanted to resume buybacks. actionhas started legal

mnuchin schedule for the 12:00 hour. this is bloomberg.g. ♪ ritika: this is "bloomberg surveillance" and i am ritika gupta with your bloomberg business flash. the second largest home improvement chain in the u.s. wants to turn into a holiday shopping destination. lowe's will start selling items like electric scooters, trampolines, and ninja air fryers this season. shares have boomed during the brian dunn make -- during the pandemic. bloomberg learned a firm increased equity positions to more than $20 million despite an initially skeptical response from shareholders. the strategy is built around expectations of a volatile third-quarter earnings season. the number of foreign students entering america's top business schools is down sharply. theblame is going to pandemic and tighter visa roles. international students had top 20 mba programs declined 14% from a year ago. a number of u.s. schools depend on international mba candidates for diversity and tuition -- fall tuition. that is the latest bloomberg business flash. anna: thank you very muc

maybe mnuchin and pelosi are going to restart talks. to what degree does mnuchin what the energy of the white house is, or is he doing his own thing to present to senate republicans and get trump to sign off? >> we are hearing two different things from the white house today, which isn't really helping matters. according to speaker pelosi, when nguyen told her there resuming talks about a bigger package. as mnuchin spoke with her on the phone, the white house communications director went out on the driveway of the white house and said the president only wants a narrow bill. so there is more than a little bit of confusion here in washington, and the politics around this or more than a little bit complicated. i'm not really sure there are votes in the senate to do anything, quite honestly. i don't see a lot of republicans being out there, other than a couple of people who are in trouble for reelection, like susan collins, saying they're prepared to spend on a new round of stimulus. i'm not a market participant, and i'm kind of glad right n

mnuchin and on covid-19 relief. thatpeaker remains hopeful she and secretary mnuchin can reach a deal. they are scheduled to speak by phone today at 3:00 washington time. the speaker was interviewed last hour by david westin. speaker pelosi: we all want to get an agreement because people need it. it is urgent. our economy needs it. we have one bump in the road with the appropriations committee. not sure they will be ready, but let's hope that they are. we are starting to write the bill. then we can have the negotiation. i am optimistic. mark: those familiar with the talk say a price tag for a potential deal is inching closer to $2 trillion, though, numerous policy differences remain unresolved. president is demanding that attorney general william barr begin an investigation of joe biden's son hunter. the president was responding to a question from fox news about a weather a special prosecutor should be appointed to probe unsubstantiated allegations against hunter biden. the president wants an investigation started b

a fiscal stimulus package with treasury secretary steven mnuchin. in an exclusive interview with david westin the speaker said she will simply not accept whatever the white house offers just to get a deal done. pelosi: we are still alive, we are still talking and i am hopeful we can reach an agreement. we are still fighting for more money. we think the administration is coming in far too low for our heroes. i think we are close in terms of money. but yielding on that quite a bit. tose on that except we have see the language. mark: talks between speaker pelosi and secretary mnuchin continued today. both sides face increased pressure to act as more companies announce job cuts including airlines that have received help under earlier rounds of federal support. the trump administration can move forward with its lawsuit against former national security advisor john bolton over his book, "the room where it happened." decided to accuse bolden of breaking contract with the government for disclosing classified information. the government sued in june to preve

he had been talking to mnuchin and been updated by mnuchin and the chief of staff, mark meadows, and now he is the one ending these talks and saying there will be no stimulus agreement before the election, which, of course, we've still got several weeks to go. >> that's politically questionable in terms of the president apparently wanting to be seen as killing negotiations less than a month before the election. let me ask you also, michelle obama, the former first lady, tweeted today, my heart goes out to those at the white house, especially the residence staff who should never be taken for granted, end quote. she seems to be sending a very pointed message about the fact that president trump, in returning to the white house, is, of course, in some ways putting other people who are not infected at risk. >> reporter: yeah, it's not just that return, it's that show outside the walter reed hospital and now that the president is back in the white house, he is quarantining in the residence that still involves the president working downstairs and doing meetings like that. whether or not he

secretary mnuchin is up to 1.8 trillion. so the bid and the offer is narrowing somewhat between the two sides. president trump has -- i've heard him say it in the oval -- as far as the key elements are concerned, the checks, the unemployment assistance, the small business assistance and help airlines out, he would go further and always said that. he knows that we need as much power for economic recovery as possible. it's not just recovery in three weeks. it's recovery to the end of the year and beyond in a possible second term. so i think secretary mnuchin is very good negotiator and will be carrying the president's message. >> but, larry, a consultant to an adviser to senate majority leader mcconnell told "the post owe "any deal between 2.2 trillion and mnuchin 1.8 and pa locally 2.2 trillion and you think the two will have a proposal of more than 2.2 trillion. mcconnell's aide says they think there will only be ten republican votes in the senate for anything in the neighborhood of $2 trillion. how do you pass it? that tis

mnuchin's at 1.8 trillion.elosi's at 2.2 trillion and you think the two will have a proposal of more than 2.2 trillion. mcconnell's aide says they think there will only be ten republican votes in the senate for anything in the neighborhood of $2 trillion. so how do you get it passed? that's the question. you've already lost most of the republicans in the senate. >> i don't know who we have lost. there are a loft permutations and a lot of commentary. i'm not going to sit here and say this is okay and that's okay. that's mr. mnuchin's role as well as mark meadows who is also in an excellent negotiator role. i'm saying we are putting our best foot forward on the table. we passed a republican bill in the senate already. now we've raised the ante on some key targeted points. we are not talking about fixing pension funds and harvesting mail ballots or assistance to illegal immigrants that have nothing to do with covid or the economy. let's see what happens. i'm not negotiating today. let's see what happens. >> let's

the dow down more than 100 points as treasury secretary steven mnuchin and speaker pelosi are at an impasse on additional stimulus. we will have the latest details on where those talks stand >>> plus, it is a bank boom and bust goldman sachs beating earnings expectations the stock up about 1%. but bank of america and wells fargo, they are both sharply lower after their reports and we will tell you what it all means for an earnings season that is beginning to unfold. >>> later, the rush is on as apple unveils its new 5g enabled iphone are the stars now aligned for a super cycle that wall street has been waiting for for apple "power lunch" starts right now >>> stimulus negotiations hitting a wall once again as the two sides are stuck on whether to do one big bill or several smaller ones elon has the latest for us >> there will be no relief before the election. we knew this in our guts, we knew it by looking at the calendar and today treasury secretary steven mnuchin acknowledged it publicly during a speech for the milken institute. >> getting something done before the election and executing o

mnuchin seems eager to do something. give us your prospects of where you think things are, given your talks with mnuchin and the mcconnell's i guess hesitancy or disagreement about the larger package, can you give us what your prospects are the moment? speaker pelosi: i do not know what the prospects are when we hear somebody saying i am a perfect specimen and m young, instead of addressing the facts and a perfect specimen, instead of addressing the facts. while 50,000 people were infected, reported to be infected yesterday and nearly 1000 people died. what are we talking about here? tomorrow, by the way, come tomorrow, we will be talking about the 25th amendment. but not to take attention away from what we are talking about now. here is the thing, we have been working hard on language, because if you do not have the language you are giving them a blank check to do what they have done, which is ignore crushing the virus. so we are saying with all the trust we had before -- let me use the word "trust." trust, trust, trust

secretary mnuchin, dear friend of mine, very good negotiator. see what they come up with. >> but you agree that stimulus package needs to pass, there needs to be one right? you're hoping to do it in next three weeks? >> i don't think jake -- i don't want to parse, but i don't think the recovery is dependent on it. >> that's not what the -- says. >> had job increases. did fed chair's essentially saying same thing, targeted assistance would be a good idea. but we've seen numbers across the board just in the past week, booming housing starts. supply managers for manufacturing and services. automobiles surging. we've seen manufacturing. >> right. >> created new jobs in manufacturing. strong numbers. enterprises need to be rebuilt. >> mark zande of moody said if stimulus is not passed soon, the country is going to start shedding jobs again. >> mark is a friend of mine but always a naysayer when it comes to republican policies. atlanta fed is showing 35% gdp for the third quarter. big number. private blue chip forecasters moved up to 29%. we would be

reporter: i want to get your thoughts on secretary mnuchin. do you get the sense he is on the same page as the president? you said there might have been the situation, he did not know the president was pulling out? do they like the proposals he has put forth, the republicans? speaker pelosi: i do not know, you will have to ask him. i asked and he said that he knew. i said, you knew that he was going to tweet, that after you had been engaged in months of negotiations with the speaker of the house, with the first branch of government, with all the work that we have done, respectful of your point of view, trying to find reconciliation and common ground, that the congress of the united states would be treated with disrespect by a tweet by the president to say it is off -- is that inappropriate notification? so that you could focus full-time on the nomination. on the nomination. so, this is not the way -- but, again, we embrace -- there is a bad word for that -- but, again, it is not about him, it is about the people of america who are suffering. r

steven mnuchin, we appreciate you joining us this morning.doug mcmillon had to say, we listened to the comments you made yesterday about the idea that no deal is likely before the election what do you say to the taxpayers and citizens that don't care about politics, they care about putting money in their pocket at a time of such challenge >> let me first clarify. what i said was that a deal would be hard to get done before the election, but we're going to keep trying. i don't want to say that it's not likely it's just there are significant issues i couldn't agree more with doug. doug just said what we need now is targeted, insensible approach, and really our first choice is there's $300 billion of money left from the last c.a.r.e.s funding. our priority is to spend that money immediately, $130 billion in the ppe program with congressional approval, we could send second payments to small businesses that were hurt that have declining revenues the airline industry was forced into major layoffs at no fault of their own because of covid. we have m

we do know speaker nancy pelosi will meet with steven mnuchin.re doubts whether the stimulus package comes before the election. the decliners today are the gainers yesterday. techs are holding their own. we are seeing some gains. stimulus remains one of the big focal points about how the economy unfolds. many still saying it is sorely needed. bloomberg spoke earlier to the dallas fed president. have a listen. >> i think the fed can do more. i am sure we will look at all options. those are not substitutes for fiscal policy. we know stimulus can help a lot. it showed up in the jobs data in canada, regaining almost double what was expected in terms of jobs gained, putting us on track for job recovery. there is a lot of uncertainty ahead. the chief canada strategist joins us. in terms of where things stand today, give me your level of optimism about whether we can continue these gains. we are expecting a second wave in canada. we expect to hear about the restrictions and hotspots for covid. >> the simple answer is we cannot continue these gains. two

and the big question is steven mnuchin. i mean, republicans are so distrustful, do not like mnuchin, believe he gives up the farm every time he talks to pelosi. we kind of lay that out in "playbook" this morning, and they're worried what he might give up in his quest for a deal. he's very eager for a deal and very eager to give donald trump something to tout on the campaign trail. >> yeah. well, to your larger point, i think the idea that this lame duck congress after this election is going to be some sort of sane, normal period of time, is probably not what i'd think any of us are assuming is going to happen. politico's jake sherman, thank you, my friend. always great to have you this hour. >>> still ahead, a look at what to expect tonight when the dodgers and rays face off in game one of the world series. >>> plus, new changes announced for thursday night's presidential debate. what both campaigns are saying about that. those stories and a check on the weather when we come right back. e weather when we come right back. th

>> last night mnuchin said to you he's interested in getting back to talking about a larger bill butyou would need the presence buy-in. >> i would not put those exact words in his mouth. there were no exact words. we were talking about a single bill a stand-alone bill and the particulars within a single bill because they have objection. we had a unanimous consent request last week that the republicans rejected. and the senate have their own version which they even rejected themselvesre, the senate republicans rejected themselves so the question is is there work on the stand-alone bill and what does that look like? the only point about negotiations is angling to be no stand-alone bill unless there's a bigger bill and it can be part of that art could be in addition to that. you've been on negotiations often non-since july over this package. >> actually since may. it's almost five months. >> could you give us a sense, the president wants to delay a mnuchin seems eager to do something. us your prospects here of where you think things are given your talks with mnuchin and the president an

treasury secretary steven mnuchin blamed politics.point,ay at getting something done before the election and executing on that will be difficult just given where we are in the level of details but we will continue to work on these issues. annmarie: democrats hit back, saying the white house never took either the pandemic, or the need for stimulus seriously enough. president trump speaking at the economic club of new york event, saying that he is working on making stimulus happen. >> we are trying to help in trying to get some stimulus money, which i think is very important for certain industries, certainly the airline business. people aren't exactly hopping onto airplanes to travel. then you go to europe and you have to quarantine for two weeks. who is going to do that? so we are working with other countries. annmarie: he is right, people aren't exactly hopping on airplanes. esther reichelt from commerzbank is still with us. what is your initial thought and reaction to this crumbling of fiscal talks. many said we were never going to g

and i often think that the talks are not between speaker pelosi and secretary mnuchin. there are larger issues involved, particularly from the senate yesterday, senator mcconnell, this was something on the tape about him, i looked and i said, oh, my, maybe he'll get on board and try to help get some money to the american people, but, no, it was -- prayer for the president, i think that's great, but i was absolutely shocked he's not saying anything and there is so many people who believe there is a v-shaped recovery in the get those people to see that there are, as david said, whole industries being left behind and many small businesses i think someone has to speak for them >> yeah, the darker theory, jim, and i'm not endorsing this by any means, is that republican senators see the polling data, f fear a flip in the senate and now the calculus is why would you give an incoming democratic wave the benefit of stimulus, which would be hitting after the election at this point. >> well, i can't disagree with that i think that's a very logical, sadly, but very -- very politica

if she doesn't want a bill and she's having these talks with mnuchin, what is the real deal? >> if i can finish my thought. i understand that she says otherwise and certain members of the press parrot everything that she says. they suck it up like a hoover deluxe. but she does. want a bill. if you think otherwise, all you have to do is look at her interview with wolf blitzer on another network. you know as well as i do that people in washington have be judged by what they do, not what they say. why doesn't she want a bill? i can only give you any opinion. she thinks it will help president trump. she does not like president trump. she is angry at president trump. you can only be young once but you can always be immature. i would like to see this speaker put aside her feelings. fill out a hurt feelings report and let us pass another bill to try to help the american people. we try to gain today -- >> neil: by that definition, senator, by that definition thing, steve mnuchin is a fairly smart man. treasury secretary of the united states continues to take to her, exchange ideas wi

so i think nancy and mnuchin will be trying today to get to that deal. let's hope they do. >> let's hope they do for the millions of americans who cannot get by without it. you said this to axios on wednesday. listen. >> we're prepared to go down further. >> how low? >> i think they mentioned 1.8. i think we could work a deal at 1.8. >> the white house is offering 1.8. you said you could work a deal at 1.8, why is there no deal? >> the devil is in the details. they're not offering anything for states and local, which we need. they're not offering anything for earned income tax credits for the people most struggling but working. they're not offering to do testing pursuant to a plan. they say they'll take our number but then they changed it in terms of they may do this, it's not a requirement -- >> i know some of the language changed and i heard the speaker's interview over the weekend about changing shall to may, et cetera. but politically, you've got 56% of democrats in a key state like arizona, 56% of likely voters in the state of arizona, excuse me, bl

he's always been more pessimistic than secretary mnuchin.essarily wanted some bill multitrillion dollar deal. if there is a deal between mnuchin and pelosi, there's a lot of outstanding questions. where does meadows stand? where does the president stand and also where do senate republicans stand? >> leigh ann caldwell, thank you for that. i know you have a busy day ahead of you on capitol hill. it's been a busy morning so far here in washington. i appreciate you all joining us for this hour on "msnbc live." lots of news made, lots more to friend with my friend and colleague craig melvin who picks it up after the break. in just 48 hours... to the university moving hundreds of apps quickly to the cloud... or the city government going digital to keep critical services running. you are creating the future-- on the fly. and we are helping you do it. vmware. realize what's possible. more dangerous and corrupt president than trump. he's harming our basic values, giving rise to hate, and he's selling out america to big corporations. i'm working to p

i have the image in my head between nancy pelosi and mnuchin.t sounds like the white house is moving forward. mitch mcconnell, are we closer to a deal? he says we are miles away. annmarie: he seems to be pouring cold water on that idea. the democrats did postpone that vote for the 2.2 trillion. maybe we can get something on foxbusiness. obviously, you don't want to hold your breath. already, strategists said that the growth for the year is going to be dim because of this. what i'm focused on is these job losses. exploding. that is sounding an economic alarm of the real pain in the real economy, not the financial markets. manus: on the other side effect coin, we have bullard versus bargain. bullard is breaking away from the peers. the economy is recovering faster than we expected. bullard, he's saying the recovery is faster than expected. he has the contrary invoice. you can delay the stimulus. we can wait on fiscal stimulus. potential for one of those fumbles in terms of a narrative from the fed which alleviates the pressure on the politicians.

treasury secretary mnuchin will be on the phone today. i think he wants reports from the committee chairs that have been discussing various issues. i think he will speak to speaker pelosi. and he may have additional information. >> on election day, what do you think the final -- [inaudible] will we get a little bit more data? we are going to get a very strong gdp number thursday. very strong. much stronger than most people would have thought. and there's a lot of momentum going into the fourth quarter. the v-shaped recovery, the forecast looks like it is coming true. it is nice to get one right. housing, consumer spending, retail sales, auto sales, they are booming. consumer confidence, small business confidence. here's one. new business applications for startup companies are booming. speak, inventories have been depleted. we need to rebuild inventories to meet the various new demand. and that really gives you momentum for quite some time. a million person drop in continuing claims last day. that is a very good sign of a continued strengt

if steve mnuchin had not tested negative.ve to see who else in this circle now tests positive or negative because that will change hour by hour what we see today. >> but they need to get keep on getting tested. a negative test doesn't mean it won't change. >> absolutely. >>> much more ahead including a look at the white house response. what we know, what we don't know. and how that could maybe change. these days, we found smarter ways to do things. find a smarter way to learn with flexpath from capella university. you might even earn your masters degree in 12 months for under $11,500. capella unversity. don't just learn. learn smarter. monitoring patients in hospitals around the world so that doctors and nurses can make sure you feel safe. as new challenges have arisen, we've grown to bring that same safety and support to the place that you want to be most. together. masimo. together in hospital. together at home. use a siwe use 11.ftware? nope. eleven. why do an expense report from your phone when you can do it from a machin

i know secretary mnuchin is working hard at that. at the same time, let me emphasize this second point which is that unemployment right now is much, much lower than was being predicted back in april where we saw estimates that third quarter unemployment would be nearly 16%. but we know that actually in september, it was under 8% and this morning, our bureau of labor statistics put out its state by state numbers which are very interesting. we see that actually, a majority of states, 26 states have unemployment rates below 7%. the problem lies particularly we see from that report in some of our largest states, especially california where unemployment barely came down in september. it's at 11%, much higher than that 7.9% national average. new york, illinois also really high unemployment rates, in the neighborhood of 10%. liz: yeah. definitely the numbers have absolutely come down from those ridiculous highs, but you know, we want to stick to the people who are struggling the most right now. the currently unemployed. that's under your pu

steve mnuchin urging airlines to hold off.ng to go ahead with a furlough of 19,000 for americans, 13,000 layoffs for united. disney allowance -- announced they were laying off 28,000 workers. that is one of the biggest announcements we have seen since the pandemic began. they are laying off people in the theme parks, the cruise lines and the hardest hit aspects of their business. disney really pointing out that if you look at the size of the layoffs, we have a bar chart that shows really rewards some of the other companies across all sectors. also, what economists are pointing out is the next layer of job losses could be higher up on the food chain, the executive level. we are seeing that in energy company is like halliburton, eliminating an entire layer of management. things may get better or worse before they get better. stuff, thank you very much. su keenan in new york. one of the top producers of palm -- this is after allegations of forced labor, we have details coming up next. this is bloomberg. ♪ malaysia's topf palm oil

jonathan: secretary mnuchin throwing some cold water over that.e need to talk about the new restrictions across the continent in europe. the economic recovery in europe was already fragile, already stalling. these restrictions will make that worse. tom: i've so glad you bring this up. you and i have been going back and forth on this since you got up at 9:00 a.m. london time. what i really want to focus on is the federal solution and application in europe versus the state-by-state solution in america. is that accurate? jonathan: you've also got the local issues in the united kingdom that have really brought london into the equation. the north of the country was facing much tougher restrictions , looking down to london and asking, what about them? the answer is london might be upgraded to tier two, which means we might face further restrictions. /5, 1/4 of this economy. for europe right now, sub 50 on services coming into october. it is october, not november. it is not december. winter has hardly got started, and we are already having this conversat

mark meadows and steve mnuchin have been negotiating with nancy pelosi for weeks now. they have pretty much -- chad pergram talked about this earlier this afternoon reached a ceiling in terms of the republicans reached a floor in terms of the democrats. there's a gap of $600 billion in there. there's no signs that nancy pelosi is willing to come down further, no sign that the white house is willing to go higher. could be until november 4, one way or the other or who knows because we don't know when we will find out who will win this election because of the mail-in ballots and all of the lead way that these individual states are giving in counting the mail-in ballots. may be some team before people really hurting get more money. we'll see, neil. >> neil: no, you're right. if that is delayed, so too is getting the talks going and if they get going again. john roberts, thanks. jerome powell, the chairman of the federal reserve weighed in before we knew the president put the kaput on the talks themselves. he said stimulus is needed here and better to err on the side of too

a lot of republicans thought that was mnuchin's proposal that was too high. of course democrats probably thought that was too low, they wanted to go back to the $600 in the bill back from march. so you know they tried to move in the house of representatives an airline bill last week but that was blocked. we'll see if they can come back to have an agreement. they would have to have this signed off to bring everybody back into washington before they tried to move any type of stand-alone bill. connell: is that why mnuchin even though the talks are supposedly off is reingauging? it is kind of interesting he is after the president called off the wider talks? reporter: what that signifies is just how dire the situation is. lawmakers on both sides of the aisle, most members on capitol hill want to do something. the key here is finding what the something is. you have these layoffs are pouring in right now this is pretty terrible politically for republicans. it is not great for democrats but it is worse for republicans as we said at the top, the president called this

pelosi and mnuchin closing the

and to speaker of the house treasury secretary mnuchin, relatively small.vestors and traders have their mindset that stimulus will get done, even if the road is bumpy. david: this is "balance of power" on bloomberg television and radio. ♪ mark: i'm mark crumpton with bloomberg first word news. the fbi says six people have been arrested and with the bureau says was a plot to kidnap michigan governor gretchen whitmer. officials say the alleged compared see involved in recruiting michigan militia as a plan to overthrow the state government. once considered a top contender for joe biden's running mate has become a target of those who say that wear masks is a violation of their constitutional rights. that is according to the international monetary fund which says people will probably keep avoiding social interactions out of fear for contracting the virus. new imf research shows that while government lockdowns contributed significantly to the global recession, the slowdown was also driven in large part by people abiding by social distancing guidelines. it is look

you got mnuchin out there trying to negotiate something with pelosi >> in good faith. >> yeah. you throw your hands up. >> look, i think that the tweet of the president when he was -- i'll call him rash, because when you see policy in twitter, it is very hardto discern the actual seriousness of it. but he did say that the senate wanted to take up the supreme court. that became the priority not the stimulus, which made me feel like once again, the v-shaped recovery is alive and well in the senate a v-shaped recovery in the big companies, no doubt about it we see the stock go up all the time we don't trade the small companies. it is very clear to me that there is a timeline. and the timeline is the only explicable thing -- inexplicable without the dow. you cannot figure out what the president was doing because the president seemed to be undercutting his own people. >> yeah. i mean, i'm not sure how constructive it is to try to read the president's mind. i will read you one thing that art cashin writes this morning we think the president was beginning to realize that any stimulus

steve mnuchin acknowledging this may not happen before the election. s&p 500, nasdaq were down second day in a row, constantly watching big tech and momentum stocks. they were leading average as little bit lower. apple with a slight gain there. amazon was down on day two of the prime day event after enthusiasm on day one. you have investors out there digesting earnings from the big banks too. they have been mixed. so we've got goldman sachs, bank of america, ubs, pnc are beating on earnings. goldman sachs blowing away earnings and revenue estimates on the trading surge that they saw. but wells fargo, missing earnings forecasts on higher costs. bank of america missing revenue estimates on lower interest rates. so we have a lot of problems here that investors are trying to weigh. there is also this revived nagging worry of a second wave of the coronavirus and concerns over the delivery timeline of a vaccine. after j&j and eli lilly paused because of safety concerns, adding to these losses today. connell: jackie, thank you. analysis from james freeman, "w

if not secretary mnuchin, who brings this back. larry: we are going to have an election in a couple of days. that is the line right now. hopefully we can go back to work after the election. of alli really believe the issues out there in a potential package, the unemployment assistance and small business assistance, and let me add, we had $105 billion reopening's,k-12 covid assistance, machinery. those of the most important areas. maybe be at airlines. at those of areas. we should have done this last summer. now the election looms and we will wait to see. >> let us say it is a lame duck. leader mcconnell on the same page as you and president trump? is he going to handcuff you during the lame-duck on any stimulus deal? larry: leader mcconnell, mitch mcconnell, i have known for a long time. he is a very wise man. he told us during this process that if there was a genuine bipartisan bill, and many of his asks are part of that bill, that he would be for it. but we did not get those asks. one of them, and you know as well. of of them is

she and steve mnuchin have a phone call scheduled in eight minutes.500 holding at week high. autos and retail leading the game with energy in the red. oil prices back to $38 as libya and russia add more supply. dollar lifts gold prices and the nasdaq 100 is at a one month high. david: how did we do in the quarter? we gave back in the s&p in september, but we are not bad overall? scarlet: everyone will remember how the quarter ended, with a big selloff. towards the end of the month, things stabilized and there are questions about what happens in the first day of october. october a lot of people get worried about because of the crashes in 1997 and 2008. the bigger story here is the volatility that we see in october. only --with sam and the the biggest increase was when the s&p rose 17% in 1974, that is the best performance. the deepest decline was a 22% drop in 1987. break it all down, october has the widest deviation, 36% higher. because of that, we tend to see a bottoming take place and it is known as the capitulation month. there markets tend to end

that is why the white house and steve mnuchin stepped in to negotiate with speaker pelosi. they seemed to be making progress but today the president walked away from the table and then tonight he turned around and called on congress to deliver a relief bill. president trump turned to his favorite messaging app on tuesday tweeting out his call for congress to pass federal relief funding after shutting down traditional negotiatioearl by refusing to have treasury secretary steve mnuchin receive talks with nancy pelosi. the federal chair -- >> too little support would lead to a week recovery creating unnecessary hardship for households and businesses. >> reporter: the airline industry announced 32,000 furloughs if federal paycheck protection programs were not renewed. >> that will not be the only one. >> reporter: a finance professor at uc berkeley and former economist said the relief checks with president trump and house democrats support and senate republicans have rejected would help if they were more targeted. also important he said are funds for state and local governments

stocks fall, and secretary treasury steven mnuchin points to reality. financials underperform. the broader markets are approaching pre-virus levels. passed?or crisis has tiktok is seeking another legal and to curb the use of the out in america. shery: let's get a quick check of the markets. we are seeing u.s. interest, on the market pretty flat. --had hopes for reelection pre-election stimulus, and those hopes are fading away. we have mixed banking reports. the s&p 500's song for a second session. communication stocks are leading decline. as oil rose in today's sessions. take a look at what oil is doing right now. it rose to the highest level in nearly one week. we got a weaker dollar. the u.s. shares turned negative. it was a weaker dollar. we had expectations for supply declines in u.s. inventories, and that really pushing the oil price higher. let's see how things are shaping up, here is sophie. stock futures are pointing to more losses, after it pulled back from a march hike. japan watching reports in , and over in south korea, the agency they hit makes it trading debut aft

i'd love to hear it from secretary mnuchin. really love to hear it from the president via zoom, i'd love to hear it from mitch mcconnell. look, if you want to parse that, the speaker has moved. that's a more positive, positive view, and i think that that would be welcome for all the people who are never going to get their job back in the meantime, buy service now, buy zoom video, buy some splunk, buy tesla. >> something else that's getting bought a little bit are asset managers, you may have seen t it's confirmed obviously by sec filings, tryian, has been busy, nelson pell said garden most recently showing up in shares of our parent company comcast, we talked about that last week. the latest story is they own significant stakes in two asset managers, they are not particularly large but the idea is, hey, maybe we can bring about some consolidation here. invesco and janice henderson are the two names and both are up. janis is up a lot more percentage wise right now. fee pressure, the rise of etfs, the rise of indexing, the lack f

what's the latest here >> pelosi and treasury secretary steve mnuchin have made progress in the stimulushour phone call, the pair continued to narrow their differences. the trump administration and democratic leaders have been scrambling to make a deal before the election bear in mind that senate republicans could present a roadblock even if we do get an agreement between pelosi and mnuchin. the senate republicans plan to vote on a more narrow bill this week but it could pose more obstacles between mnuchin and pelo pelosi all eyes remain on washington. i want to highlight for you one positive side effect from washington so far. average credit scores have hit an all-time high the average fico score now stands at 711. so it looks like americans have been using their stimulus checks to pay down debt and take advantage of low interest rates to refinance so one positive piece of news for you. >> this was a reality check for people to get their finances in order. thank you. >> we'll take all the positivity we can get >>> up next t busy 2020 hurricane season isn't done thwi us yet. >>> we have

i think secretary mnuchin and pelosi are working hard. the bill to the floor and start dealing with a bill that can deal with the virus it underscores how dangerous it is no one's immune from the virus hopefully it will get us back at attention on covid-19 where people want us to be. >> senator, given that you're a democrat, i'm curious how you think that the biden campaign can and should discuss this issue, approachthis issue, wit what level of sensitivity we will see them describe this issue. it becomes a bit of a hot potato and a challenge in terms of how to approach it what would you recommend >> clearly covid-19 is on the minds of the people of this nation i thought the vice president laying out his plan on how to deal with covid-19, the specific proposals he would follow in order to get the virus under control, mistakes made by the trump administration, i think that's what the american people want to hear i come back to the united states senate this week we're expected to take up district court judges for confirmation we need to tak

ande speaker nancy pelosi treasury secretary steven mnuchin are moving closer to a deal on a new stimulus package. --zie hopes ash policy hope pelosi hopes she can get a deal by the election. senate majority leader mitch mcconnell is warning the white house about a deal before that election. he has not committed to a pre-election vote. british prime minister boris johnson will impose the tightest coronavirus restrictions on greater manchester. johnson warned that lives would be at risk if the government failed to act. the prime minister also left open the prospect of a national lockdown if infection rates keep climbing. shares of netflix are falling today. the streaming service missed wall street estimates for subscribers. that renewed doubt about its ability to maintain growth. netflix had warned that the pandemic-driven subscriber boom

nancy pelosi and steven mnuchin have made further progress on a coronavirus stimulus package. but senate republicans are reluctant to embrace any deal that is led by pelosi. lang which for the bill would have to be dropped -- drafted by the weekend if lawmakers are to vote on it before election day. democrats on the senate judiciary committee plan to show their unhappiness with supreme barrett.inee amy coney

treasury secretary steven mnuchin told house speaker nancy pelosi the administration now once an agreement on a large-scale relief bill. earlier this week, they president pulled negotiators from talks on comprehensive legislation. officials are keeping up the pressure on washington to renew fiscal support for the economy. dallas fed president robert kaplan sees a slower economy without more stimulus. boston fed president eric rosengren says -- sees increasing the fed's asset purchases but that is not as good as other relief packages. louisiana is bracing for hurricane delta. storm has picked up strength and is now a category three with wind up to 100 what he must power. it is expected to slam into an area of louisiana still recovering from hurricane laura. companies are shutting down almost all of the oil production gasoline and also

house speaker nancy pelosi and treasury secretary steven mnuchin are drawing closer to an agreement on a coronavirus release package. the two will talk again today. the deadline is set for a bill that could pass before election day. senate republicans have been balking at the price tag. president trump and joe biden will be muted at times during thursday's debate. each candidate will have an uninterrupted two minutes to speak at the beginning of each segment. then both microphones will be turned on. during the first debate, president repeatedly interrupted biden, and both candidates talked over the moderator. goldman sachs has reached a long-awaited deal with the justice department over its role in malaysia's 1mdb scandal. goldman will pay more than $2 billion. that is broadly and nine with analyst's reserves and

steven mnuchin is blaming politics, saying democrats do not want to give president trump something to brag about in his campaign. democrats say the white house never took the need for another stimulus seriously enough to push for a compromise. senate democrats are all about -- are using their final day of questioning at the confirmation hearing for amy coney barrett to grill him -- to grill her about statements made about her by president trump. and whether the president has the right to delay the election -- and an absolute right to pardon himself. fromners will be banned mixing with other households indoors. the new rules start this weekend. london will soon hit an average of 100 coronavirus cases per 100,000 people. british prime minister boris johnson told e.u. leaders he is

ritika: house speaker nancy pelosi and treasury secretary steven mnuchin are drawing closer to an agreement on the coronavirus relief package. they will talk again today. the deadline pelosi has set for having clarity on a bill that could pass by election day. even if the two sides reach a deal, senate republicans have been balking the price tag. president trump and joe biden will be muted at times in thursday night's final debate. the debate commission says that each candidate will have an uninterrupted two minutes to speak at the beginning of each segment of the debate. then both candidates' microphones will be turned on. during the first debate, president trump repeatedly interrupted joe biden command both candidates talked over the moderator. omits x has reached a longer way with the justice department -- goldman sachs has reached a long awaited deal with the justice

treasury secretary steven mnuchin says democrats do not want to give president trump something to brag about in his campaign. democrats say the white house never took the need for another stimulus seriously enough to push for a compromise. senate democrats are all but powerless to keep amy coney barrett off of the supreme court , so they used their final day of questioning at the confirmation hearing to grill her about statements made by president trump. there it declined to answer -- barrett declined to answer whether the president has the right to delay the election and an absolute right to pardon himself. new restrictions being imposed in london in an attempt to stop the rise of coronavirus cases. the new rules start this weekend. london will soon had an average of 100 coronavirus cases per 100,000 people. in the u.k., british prime

treasury secretary mnuchin and nancy pelosi are set to chat in half an hour.ock moves closer to midnight. what happens to the markets if there is no deal? fox news contributor liz peek will go off on the question surrounding early voting and some interesting trends the media may not have told you about. 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. metastatic breast cancer is relentless, but i'm relentless too. because every day matters. and having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopausal status. and it's the only one of its kind you can take every day. verzenio + fulvestrant is approved for women with hr+, her2- metastatic breast cancer whose disease has progressed after hormonal treatment. diarrhea is common, may be severe, or cause dehydration or infection. at first sign of diarrhea, call your doctor, start an anti-diarrheal, an