only a quarter ago they were on moody's or s&p watch for a negative downgrade i think that probably won'tother quarter or so they may even get an upgrade. there was a lot to like about this it's a good time to be a sort of stay-at-home nesting company that's the kind of stuff they have it's also a time to renegotiate your leases with your landlords. all that together enormous short interest, 61%, which is just gigantic it traded 83 million shares today, which is three quarters of the company i can't recommend it, but good for them, this turn-around is really taking hold the balance sheet is better. i don't own it i'm sad. i wish i did, but i don't. guy, i don't know whether it was a skeptical nodding of your head or what it is? >> karen is clearly in my head because she mentioned it traded 83 million shares today. she's spot on. it traded nine times normal volume it traded up to exactly where we topped out in april of 2019. what i will say, though, this is the genius of the company because i was there with my wife and daughter over the weekend. you have to go about 100 yards in serpentine

and therefore it is net fiscal still husband and that is the modeling assumption that drives the moody he''snd they expect that it would deliver gdp above 4% and clearly the market is taking a pretty positive tone as chances of a biden presidency rise, the market tone through october has improved so i think that markets understand deficit spending and what it means and it sends to stimulate higher growth, not lower growth >> casey, what is your response to that? >> we do have deficit spending in there, but long run, you can't have sendipending, spendi, spending without taxes that kind of match it up, doesn't have to be exact and i just think it is wrong that deficit spending by itself without regards to how you spend it, because biden wants to spend it in ways that require us to be ways to give us less incentive to work to and even vest and that type of spending doesn't grows economy. but even if it did, you are making the long run worse. and it will be a sugar hig coming down from it won't be pretty >> that is a fair point. if people look at this and say this is good news for the short term

s economic plan -- moody's, a reputable wall street firm, has said would create 7 million more jobs thanald trump's, and part of those jobs will be about clean energy and renewable energy. >> there are no more hurricanes today than there were 100 years ago, but many of the climate alarmist use hurricanes and wildfires -- >> thank you, vice president. >> green new deal. >> joe has seen and talked with farmers in iowa whose entire crops have been destroyed because of flood. joe believes, again, in science. matt: vice president mike pence and democratic vp candidate kamala harris on climate change and renewable energy during the vice presidential debate last night. traders overnight paid close attention to the debate with u.s. election quickly becoming one of the biggest drivers of volatility in financial markets, but how much of a difference did the vp showdown make in the direction of global assets? for that, we bring in dani burger. dani: this was supposed to be the debate where we did get some decisive movement. because there was less interruption, we could get more policy stance, but r

moody's. this is bloomberg. ♪ ♪ amid the worst recession since the 1930's, the imf and world bank hold annual meetings this weekfed is warning the pandemic recovery will be long and uneven and our next guest echoes that. he joins us now. in your most recent notes, you point out some of the factors or the downside risks, i should say, when it comes to the nation recovery we have seen. so hopeful in asia, and potentially comes to a grinding halt. could you go through some of those for us? steve: the biggest risk is there is a second wave of covid-19. -- certainlyally if there is a large wave across europe and the united states, there would be a diminishment of global demand for goods and goods production has been driving the asian economy right now. asia itself has been very down newl in shutting clusters of covid-19. my expectation is they will continue to be effective in containing covid-19. but you just don't know. the big travel week last week in china could result in some new emergence of covid-19. certainly the philippines and indonesia have struggled in managing covid-19 as well. that's the biggest risk. t