i am just wondering if the news today from stephen mnuchin, the u.s. saying he doesn't see any meaningful stimulus package before the election on november 3, does that have any impact on your outlook at all? thek: we know that we have which hasthe markets, been number one, the economic commission, number two, the fiscal package, #3, the monetary policy. on there uncertain timing of the next fiscal stimulus in the u.s.. this is placing some uncertainty on the sure plan, but it --sn't mean that will be any it doesn't mean that there will not be any fiscal stimulus package. the views we talk on the duration of the market for the next quarter, until march or april of 2021, we are concentrating on the risky assets in general. it is not something being questioned by the delay in the stimulus package in the u.s. paula: frank benzimara come head strategy atity sociÉte gÉnerale, thank you for joining us today. let's get you more on the big hit trading day boom in south korea. the bts agency is up 151% now. big hit is proving to be a big hit. the kospi index mor

today is make or break day for nancy pelosi and stimulus negotiations with stephen mnuchin. let's get to our congressional reporter billy house. i know you were listening to the interview with the house speaker. it sounded like she wants to get this done and there is no game playing anymore. is that how you read it? billy: that is how i heard it. she is actually turning optimistic that they are on a path to a deal but says language still needs to be put on paper, and she needs it done by the end of the week to pass next week. there are still a couple hurdles , differenceslity with senate republicans, but overall, she appeared very optimistic that they were trending toward getting something written perhaps tomorrow or thursday. vonnie: she said that her side ing language right now and hopefully that can be done by 3:00. is she no longer concerned about a potential bomb for republicans or president trump? as she usually does, she talks about values. i heard none of that in this interview. intensity --of an it may not get done by election day, but that is my aim. i wanted it do

you don't want to miss it, the fed vice chairman speaks, and at 4:30 p.m., stephen mnuchin speaks atconference. then an 8:00 p.m., the dallas fed president, robert kaplan, will give a talk on financial supervision. we are about an hour away from the european market open. let's look and where futures are trading this morning. to thefollow wall street downside, but we're seeing a brighter start here in europe. futures up or than .10%, and a brighter future, the positive open it looks like in new york. of course we are waiting on where the stimulus roller coaster will land. one thing that is front and center for europe is the brexit negotiations. there will be a phone call report today, the pound dipping below 130. the other thing to look out for is where are we in terms of lockdown in the united kingdom? boris johnson coming under more pressure to order a circuit breaker lockdown for two weeks in october, from the chief economist. that does it for me. up next is european open. this is bloomberg. ♪ anna: good morning and welcome to "bloomberg markets: european open." in londonedwards al

stephen mnuchin did meet today, but there was no deal announced on a new round of relief. weekly jobless claims this morning remained near 12 million, and the monthly payrolls data may still telegraph a great deal of doubt about the economic recovery. investors continue to bid up stocks, the s&p 500 and the nasdaq and the green, despite one of the biggest cliches of the year -- no connection between the stock market and the economy. joe will put the cliche to the test today. joe: not everyone accepts that, even though it is repeated all the time. our guest points out that if you were to break down stocks by quintile of sales growth, you see that the companies with the highest sales growth are on the right side, the far right column, they have the strongest year-to-date return, pretty clearly. on the left, the worst sales growth, you see the worst return. judging by return -- performance of companies, you can see whether stocks are connected to the fundamentals. romaine: they look like they are. some would argue when you look at total returns and adjust for inflation and pu

she and stephen mnuchin must reach an agreement within 48 hours if they want to pass a stimulus relief before election day. she said it won't be feasible at talk strikeout. there will be votes on stimulus measures this week including paycheck protection program built. but democrats have been banking on a larger package>>> oakland police are investigating two more deadly shootings, the latest in an uptick violence on the east side. the two attacks happened early this morning, and one woman was shot and killed on macarthur boulevard. about an hour later a man was shot and killed nearby. east oakland is at the heart of the city's increase in homicides. just last week there were two deadly triple shootings marking more homicides this year than all of 2019. locals voicing their concerns to mayor libby schaaf today at a community circle. >> because i've been in oakland all of my life, and i have three children, they are young adults, and of course every time they leave the house i'm concerned.>> all other types of crime have gone down except homicides. this pandemic is upping the stress, the

his remarks come as house speaker nancy pelosi and treasury secretary stephen mnuchin entered a deadline deal is going to be reached before election day. the two are scheduled to talk again today. netflix is out with a new promotion. they're allowing anyone in a given country access for free for a weekend. the company will initially launch the 48 hours for free promo in india in december. if it does well there, it may expand to other markets. the move comes as netflix reported slow subscription growth in the third quarter. and earlier this moshgs netflix ended the free 30-day trial offer in the u.s. at the time, a rep said netflix was looking at other marketing promotions. >>> mgm resorts is bringing back top entertainment acts to the strip. david copperfield, carrot top and the dance crew will be back. the president of mgm resorts says the move will help las vegas which has been hit hard by the pandemic performers and audience members must wear masks and social distancing will also be in place. the shows are set to return next month. tickets are already available on ticket master. ann m

nancy pelosi and stephen mnuchin plan to meet again today after making head way yesterday on legislationr senate democrats blocked a $500 billion coronavirus relief bill proposed by republicans. democrats argue the plan didn't go far enough to help americans. and yesterday on twitter, president trump cast doubt on a deal before election day. >>> the short form video ad quibi is shutting down six months after going live. they struggled after launching during the pandemic says they tend to wind down the operations and start a process to sell the assets. the founder said "the world has changed dramatically since quibi launched." the service offers entertainment and news and episodes of ten minutes or less targeting mobile phones. it was initially promoted for on the go viewing. >>> and amazon prime customers can now get their groceries quicker. the company is offering free one-hour grocery pickup on orders of $35 or more at all of its whole foods stores across the nation. prime members could previously pick them up at certain whole foods stores. in recent months they expanded curb side pick

speaker pelosi said today she and treasury secretary stephen mnuchin must reach an agreement within 48 hours. if they want to pass stimulus relief before election day. she says it won't be feasible if talks drag out. majority leader mitch mcconnell says there will be votes on stimulus measures this week, including a paycheck protection program bill, but democrats have been banking on a larger package. >>> still ahead on kpix5 and streaming on cbsn bay area, coronavirus cases surging across the country. are we in store for another covid-19 wave this fall? why experts are ringing the alarm. >>> a confirmed case of coronavirus at pope francis's vatican residence, the measures in place to protect him. >>> if you were close to the water today you really got to cool down. but if you were inland, it is still in the low and mid 90s. we will talk about how these temperatures are finally going to start to look more like a normal for this time of year, and what that should even look like, coming up in this seven day forecast. >>> a reminder, you can keep up to date 24 seven with our new kpix5 app

speaker nancy pelosi says the progress is being mowed in negotiations with treasury secretary stephen mnuchin. ray bogan tells us as those talks continue, several key industries are calling for urgency. in spite of think we are just about there. >> reporter: the trumpet magician and counts house speaker nancy pelosi are closer than ever to reaching a deal on a new coronavirus relief package. the update comes less than two weeks before the election, after months of negotiating. if passed, the bill could cost more than $2 trillion and would be comprehensive, covering testing, vaccines, schools, workers, and more. >> it only takes money. that's not that much more money than they have in the bill. >> reporter: still, there are disagreements over how much money to give state and local governments. and, on liability protections for businesses. if that is sorted out, it would be a race to get it finished before election day. >> just to get a legislative agreements, and votes into houses and committee print, you know, that takes time. >> reporter: then, there is the senate. on wednesday, a $500 billi

talks in washington, nancy pelosi and stephen mnuchin said to have made progress.utting draft legislation. they will talk again thursday. they said the white house is aiming for an accord and the next 48 hours. the first boat naming amy coney barrett to the court will take place. republicans hold a 12-10 majority on the panel. gop leaders aim to confirm in a full senate vote monday, despite democrats sing the process is rushed. the trump administration is ramping up tensions with china, designating six mainland media outlets as foreign missions. they include the economic daily and five other less known publications. the state department says all six were substantially owned or effectively controlled by a foreign government. backtrackedernment and has agreed to resume brexit talks. downing street was reported to be willing to talk. the new deal deadline is mid november. boris johnson terminated negotiations last week. the two sides are set for talks to resume. the u.k. still wants more compromise from brussels. global news 24 hours a day on air and on bloomberg quic

even before she talked to stephen mnuchin, she was sounding pretty upbeat. we all want to get an agreement because people need it and it is urgent. and our economy needs it. we have one little bump in the road with the appropriations committee. we are not sure they are going to be ready, but let's hope they are. i'm optimistic. haidi: policies spokesman after the talks this afternoon said they are providing clarity as the two of them move closer to an agreement. mark meadows, the white house chief of staff, he confirmed importantly that the white house has moved its willingness to make a deal to 1.88 trillion. republicansest time said even one trillion is a lot. it is getting closer and closer to the democrats' 2.2 trillion. we still have a long way to go. democrats and republicans are still at odds over a to state and local governments. tons of people are getting laid off. we need to get some support to keep those jobs. republicans don't want to give jobs to cities and states that haven't manage their finances. pensions is a big problem there. pelosi is app

sunny hoyer was speaking on the floor and said negotiations continue between treasury secretary stephen mnuchin and house speaker nancy pelosi they beau want to get to an agreement and that talk could bear fruit perhaps as soon as this eekend. pelosi was asked about the possibility of a deal coming together despite the vote. she responded, i don't know. we'll see. the democrats asked for $75 billion for testing, tracing and treatment. >> i appreciate that very much saw the market moving higher off of the news. you did have house speaker pelosi saying we will get something done now sort of underscoring will. it takes further meaning today because of the jobs report which did miss expectations. how we're factoring this into the market and the diagnosis >> what this reminds me of is that today the challenge of political courage looms larger than ever. we hope that moves forward we need that. it's important for the business owners than the capital markets at this point. fund strats tom lee says the news marks a positive turning point. he said trump getting the virus repudiate those skeptics of the

stephen mnuchin points to political reality, saying a deal before november 3 would be difficult.underperform the broader market.

nancy pelosi and stephen mnuchin resumed talks today on another stimulus, with warning from fed chaire powell that the u.s. economy will suffer if policymakers fail to step up. significant gaps remain between the democratic proposal and the proposal backed by the white house. three scientists won the nobel prize in physics today for advancing our understanding of black holes in the deepest and darkest parts of the universe. roger penrose of britain and of germany andl an american scientist explain what black holes are, devouring light and even time. levelputs you at the where you have to watch, but you do not think you know everything. you have to also be humble. but it is the ultimate acknowledgment. mark: the prize celebrates what the committee called one of the most exotic objects in the universe, the ones that "pose many questions that begged for answers and motivate research." global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. mark crumpton. this is bloomberg. amanda: live from toronto, this is b

speaker pelosi sent a letter to stephen mnuchin outlining areas waiting for al response. told bloomberg television the point is to weigh each side's arguments and negotiate. president trump blames the speaker for the stalemate. party's opposition labour has suspended its former leader jeremy corbyn after he failed to fully accept the findings of a report into anti-semitism within the party. labor faced repeated accusations of anti-semitism under mr. corbin's leadership. the current leader said it was a day of shame for the party and vowed to win back the trust of jewish members, staff, and politicians. thousands of californians are being allowed to return home as calm or wind help firefighters beat back wildfires that had spurred widespread evacuations. 100,000 people were ordered to leave monday after the wildfires broke out. here are some of the top stories that we are following from around the world. big tech earnings deluge. what to expect from the results coming out after the bell and their importance in keeping the s&p 500 afloat. morgan stanley's green gold. the in

after a call with stephen mnuchin, nancy pelosi said republicans blocked such a bill last week and calleds. airline stopped rose sharply on the news. -- stocks rose sharply on the news. president trump is back in the oval office despite continuing to being treated for covid-19. dr. say he has not experienced symptoms in 24 hours, having been discharged on monday. president trump has been speaking on his experience and said he did not have to go to hospital but did so on the advice of medical experts. fromgot back a day ago walter reed, i spent four days there and didn't have to, i could have stayed at the white house but the doctors said because you are president, let's do it. i said, fine. these are great professionals. a new report says the coronavirus pandemic is expected to raise global poverty for the first time since the financial crash in the late 1990's. they say covid-19 will push 100 million people into extreme rising with the total potentially 50% by the end of 2021. organizers of the tokyo olympics say they have found almost $300 million in cost savings. the report simplifies

stephen mnuchin heads to the wille east next week that further delay negotiations between democrats andhe white house. that is your first word news update. what i think is interesting is if you have the theory that the market is pricing in a blue wave because you are getting a lot of infrastructure spending and big stimulus, i've been reading a lot of articles now that the gop will be concentrated on the senate to try to fight against presumably president biden. that would delay any kind of stimulus. guy: take a look at the polls. paul seemed to indicate biden is likely to win the presidency. the polls should always come with caveats, they have been wrong. the focus is on what is happening with the senate. -- there isly to be a whole series of key battles involving high-profile republicans. it is fascinating what is happening with the stimulus story. ofp your antenna up in terms more headlines coming through. it was fascinating listening to nancy pelosi on wolf blitzer last night. ding abused -- being accused of maybe stonewalling. she pushed back on that idea. some in the democratic pa

as stephen mnuchin and nancy pelosi work towards a stimulus deal, more federal reserve officials are clear that fiscal aid is needed. joins us with the latest. the latest we heard was from the fed governor. what did she say? she said we have to have more fiscal stimulus and the economy will suffer if not. let's go to one of her key phrases. she said premature withdrawal of would riskort allowing recessionary dynamics to become entrenched, holding back employment and spending. she says apart from the course of the virus itself, the most significant downside risk would be the failure of additional physicals to materialize. can they make it any clearer at the federal reserve? jesus stimulus tops look like they might come up with a bill that could be voted on. if not this week, next. rob kaplan from the dallas fed spoke today as well. he is reasonably optimistic on growth in the fourth quarter. he has said the fiscal stimulus will keep growth where it needs to be. 7.5can see use expecting percent employment by the end of the year, down from 14% in the u.s., so that is pretty good. lorett

she spoke with stephen mnuchin a day after president trump ended negotiations on a big stimulus packagelast week house republicans blocked a democratic proposal to provide more than 28 billion dollars for airlines and contractors. polish antitrust authorities have find a russian state energy giant went for building the nord toeam 2 two gas pipeline germany, saying it hurts polish consumers and increases european dependence on russia for gas imports. bypasses traditional routes through ukraine and poland. we asked their finance minister about it. >> it's in our natural interest. our idea is to be a reliable countries. european so, i believe we can manage to the necessary gas from the nord stream 2. a little bit nervous about our future. >> global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. guy: thank you very much indeed. the u.k. government will apparently pull out of brexit trade negotiations with the european union next week if there is no clear deal insight by the 15th. that's a

congress passing a pre-election stemless deal seem to be dwindling after stephen mnuchin blame politicsning the negotiations. still he says he plans to continue talks with speaker pelosi later today. for more, we are joined by wendy schiller. this,pelosi does not want which mcconnell does not want this. is there anything that would make either of them want this? is pressure on them now with the on a plummet numbers going up, people getting more discouraged about the economy, concerned in areas a virus hadorona been steady, but clearly, below see things she will get a better deal if biden is elected and it is worth waiting a couple of weeks. she also does not want to hand the victory to donald trump this close to the election. also, early voting is happening now, so she does not one to give trump that kind of ammunition going into the election. consensus by economists is that a stimulus package is needed and every day that you wait will cause damage. is there a political price to pay for this wrangling and delay? will voters be disenchanted and will that hurt anyone one way or the other?

i think stephen mnuchin is a smart guy and interlocutory. we need a deal before january, and that has to include state aid. obviously, extending unemployment, help for small businesses, all the needs we know about, but we need a big jolt of state aid. i think if it becomes president biden, and that is where my support is, i would suspect we will still need more of that. my guess is whatever deal we get may not fit the bill, and big investment is not just talk in infrastructure. things like the gateway project, the most important infrastructure project be done in the united states. tom: you grew up in massachusetts, where you learned the marginal value of a red sox victory. you went to harvard and dead economic, were you learned marginal ash and did economics -- and did economics, where you learned marginal dynamics of economics. 10.7% above one million. you got the 2.44% property tax, and a lovely sales tax as well. there's no incentive. what are you going to say to the millionaires that watch lisa abramowicz every morning? gov. murphy: you

the speaker and the secretary, stephen mnuchin will speak again this afternoon.h sides are rightfully projecting optimism compared to where we have been because the speaker was really unwilling to move and it seems like we are coming closer together. david: i do not want to get in the middle of negotiation but the speaker yesterday indicated on the question of liability, there is some middle ground. the other bookend she called it was a and local assistance. where are we -- state and local assistance. where are we? brian: the estimate our folks have been looking at in terms of what the state and local governments have need as a result of losses from the covid virus. billion,oking at $250 $275 billion, in that range and the speaker is far above that. thinks we should not be spending money on things that literally have nothing to do with covid. andersations are happening i think over the next 48 hours or so, we will see how things play out. anseems to me it was optimistic morning and remains an optimistic afternoon. david: we are up a little bit of the deadline, al

david: we hear a lot about targeted benefits, and we heard from stephen mnuchin last week in congressg targeted. what are the targets? simona: i think what you want to ensure is that you reach those most. who truly need it i think it is fair to say that in the early stages of the fiscal stimulus policy, the approach or the overarching priority was speed, rather than precision in targeting. for a big chunk of the population, and while a lot of those who truly needed the money received the money, there were probably some who bank on thatt extra 1000 dollars who also received the money. at this point it is far better for those who do not truly need it perhaps not to receive additional assistance so that those who truly need it are able to receive it. if we are basing amounts, i think that is where the calculation of targeting the funds comes into front and center. you can lower the cost, but still generate the same impact in terms of what you are demanding -- in terms of demand in the economy. david: finally, how much of this is getting the jobs back and how much is it a shift in what th

house speaker nancy pelosi and treasury secretary stephen mnuchin met today on a rescue package. it was their first face-to-face meeting in a month. he proposed the package around 1 1/2 million dollars. pelosi said she wanted to clarify a few points, talks are set to resume again tomorrow. >>> today was an important day for restaurants in san francisco. they can serve customers indoors for the first time in more than six months. san francisco is the first area county to move from red to orange in the states color- coded coronavirus rating system. the change means restaurants can resume indoor dining at 25% capacity with a cap of 100 people. the general manager of john's grill said it was an exciting day for the staff. >> and it helped everyone. it helps the staff. right now we are planning to bring back more staff because we have more dining room. that will help everyone. >> customers will be asked to voluntarily provide their name and number four possible contact tracing. restaurants must also teach workers de-escalation techniques for situations when customers do not comply wit

house speaker nancy pelosi's office says she has spoken with treasury secretary stephen mnuchin about the deal today, however, senate majority leader mitch mcconnell said today that he does not see a deal coming together before the election. distract the world health organization announced a record in a new daily coronavirus cases, confirmed worldwide. with more than 350,000 reported today. this, as a new surge continues here in the united dates. in the meantime, fox's david leigh miller tells us that community opposition to new social distancing rules has led to legal action in new york. >> reporter: more than 7.6 million confirmed cases, and this new surge appears to be accelerating prompting stricter containment measures. here in new york city, nearly 3 dozen neighborhoods are under new restrictions, including closures of schools and nonessential businesses. parents and community groups fighting back against the closures, by saying they are not based on science. >> our school along with 15 other schools, what have they been ordered to remain closed? >> people in the community are f

the president has undercut completelien stephen mnuchin, the person up here negotiating on his behalf, and so democrats are left looking around not even knowing what the other side wants. to your point about the senate, you know, this has been a problem all along. mitch mcconnell is somebody who doesn't want to bring something to the floor of the senate, that doesn't have support a majority of republican senators and it's never been clear what that even is. the president tweeting about extending stimulus payments, for example. can he convince ron johnson to vote for that or ted cruz, or mike lee or rand paul? i mean, the republican position on this has been amorphous in the senate and schizophrenic from the white house making a deal of a negotiation all but impossible. where we stand now is waiting to see if the white house can land on any one position that they specifically want to negotiate for, for more than four, five, six hours at a time, and that might lead to room for something to happen. perhaps on extension of those airline benefits. the one piece of piecemeal legislation tha

speaker pelosi and treasury secretary stephen mnuchin said by phone about the proposal about half an hour this afternoon, on tuesday, the president declared an end to the talks, only to come back yesterday to revive them. >> in a very recent meeting in the oval with mark meadows and steve mnuchin, the president approved the package, and the president has said, i would like to do a deal. >> however, senate majority leader mitch mcconnell said today that he does not see a deal come together before the election, that the senate would approve. he said as first priority is seating supreme court nominee amy barrett. if a new bill is not reached it could have a huge impact on the state budget, but, it could also affect sentences goes mass transit system. muni's funding is testing $2 million in federal correct funding in maine, but the examiner reports that federal money is expected to dry up by the end of this year, and muni may have to use its rainy day fund to keep the buses running, while ridership is plummeting to the pandemic. >>> millions of californians have depended on an extra $300

to wall street now, and the jitters have returned to us stock markets after treasury secretary stephen mnuchind on a new stimulus package before the election on the 3rd of november, with republicans and democrats still far apart on the scope of the bill. investors were further unnerved by surging covid numbers and tightening restrictions across europe. swetha ramachandran is investment manager at gam investments. sorry, gam is one word rather than g a m. lets have a look at what steve is saying and whether you would concur with the idea that there could be nothing done on the stimulus package because you did seem to adjust that there is something ready and waiting for the airlines and that has got a bipartisan agreement. with every passing day, and likely with a broad sweeping stimulus package before the election is receding and what democrats would have control of and what the house represented was want to avoid is the targeted a2 sectors, they wanted to be part ofa sectors, they wanted to be part of a wider package that also puts cash into consumer ‘s hands, where it is desperately needed. t

it does seem they are getting closer to a bill they could put hard as nancy as pelosi and stephen mnuchin are working, that's the question -- can they do it before the election? once the end, i don't guess it makes a difference when this passes as long as it does pass relatively quickly. nancy pelosi's spokesman says they are getting closer to putting pen to paper to finally write the bill and get it ready to put to a vote. many agree that a vote may not be held until after the election. the white house chief economic advisor says if we get the stimulus, the markets and the economy will be fine, that they will benefit from it. many gop senators are still concerned we do such a big package. remember, they were concerned at $1 trillion. now it is up to $1.9 trillion. mark meadows, the white house chief of staff advisor, says president trump's willing to "lean into this" with gop senators. maybe a lot of republican senators don't feel quite the need to help from sapphire or do what he wants with the candidate so low in the polls. sayings spokesman differences are narrowing on very important

there had been some promising signs over the last several days that perhaps stephen mnuchin and nancyg progress, but it still seemed like a heavy lift and i think trump has essentially put a fork in the whole process until after november 3. i think that from a political standpoint, that is very risky for him. it has left his own allies scratching their heads because he gets pretty good marks when it comes to the economy, but this opens them up to charges he is not pushing hard enough to get a bit of a shop in the arm for the u.s. economy ahead of the election. what do we expect from tonight's debate? mike pence, who has been in charge of the covid task force and kamala harris? >> it is going to be very interesting to see the dynamic. democrats were very excited when harris was added to the ticket. she is seen as having a broader appeal with minority voters, with the liberal wing of the party potentially, so i think the people on the democratic her comeexcited to see out. she is going to have to live up to expectations tonight. this is obviously also happening against the back trump --

stephen mnuchin, treasury secretary, set a lot of progress has been made. let's look at where we are across the asian session and in some currency markets, as well. we have the asian session dominated by what has been going on or not going on. stimulus talking lifts global risk sentiment just a bit. we also have the yuan moving higher. there is a holiday in china. broadly, we are fairly risk on, it seems. let's get into a conversation with laura cooper, our macro strategist. it seems there is some anticipation with progress around stimulus even though there is absolutely no deal as yet. laura: you said it quite well. markets do seem to be getting ahead of themselves. the fact that we are still seeing these negotiations ongoing, the fact that we are , markets arefines grasping onto that and that really is underpinning this risk on mood we saw late in yesterday's session and that is touching futures today. i think really going forward, the market narrative could potentially be tested. we do have payroll numbers coming out tomorrow and initial claims today tha

stephen mnuchin pointing to clinical reality and saying an agreement before the elections would be difficultalks with speaker nancy pelosi and agreed that democrats may be holding back in hopes of winning the senate next month and driving through their own version of that bill. in china, the people's bank of china has injected liens of dollars into the system to help support the economy. it comes as consumer and factory inflation both weakened last month. ppi up 1.7%, slightly less than forecast driven by lower food bills. inflation registering a decline following a stimulus lag we saw in august. europe is rapidly becoming the latest focus of covid-19 with new cases rising in several countries. france imposing curfews. also a partial lockdown in the netherlands. italy and portugal reporting record numbers. the u.k. is entering a quote, tier three status with targeted regional curbs. chancellor merkel in germany says the country cannot afford a second wave. in china, the country is taking sweeping action to stamp out a possible virus resurgence, aiming to test almost 10 million people in five

nancy pelosi and stephen mnuchin said to be narrowing their differences on the new release package. speaker pelosi's spokesman said on twitter that the two spoke for nearly an hour earlier and they will speak again as the two sides try and reach a deal by election day. jax fitzpatrick joins us now over the phone. we have seen this dance for the past weeks now. is the tuesday deadline going to make a difference at this point? the tuesday deadline is probably realism for nancy pelosi, who is looking at the schedule of trying to get a measure through the house and senate before the election. i don't know if that will spur them to do a better job than they would have otherwise. it does look like they really are coming closer between pelosi and mnuchin, but the big x factor of course is senate republicans and whether they sign on so we will see if they get news tomorrow in terms of the white house and house democratic handshake deal but that would not exactly the getting things across the finish line. be thewould it really issues at play and the likelihood we will see any kind of resolut

stimulus talks remain gridlocked in washington although sources say stephen mnuchin raised the prospecting negotiations with speaker nancy pelosi. we are told the approach came after president trump's call for special relief for airlines. the speaker is ruling out its stand-alone bill to any sector of the economy without agreement on a broader stimulus package. >> we want to help the airline workers. there is legislation that we had in the cares act that we hoped we could continue for another six months or so. that expired at the end of september. it can do that separately but we cannot do it unless there is a big bill. >> the senior republican on capitol hill, mitch mcconnell, says he has been avoiding the white house for weeks because of concerns about coronavirus protocols. he revealed he has not been there since early august as the administration's approach to the virus differs from his in the senate. mcconnell adds some people at the white house are paying the price for not wearing masks and not social distancing. more debates between president trump and joe biden are in doubt with

mnuchin, would you stop it? no more talking? >> i think that stephen and mark, chief meadows and secretary mnuchin, both of whom are exercising the patience of jobe, are doing their very best to keep these talks alive. but i mean, the american people are not morons. they have been watching this gamesmanship going on for two months. the speaker doesn't want to deal. she doesn't want to deal because she thinks it will help the president. i wish she would put her personal and political feelings aside. she's not going to do that. >> you don't think she's feeling pressure from her more moderate members, 40 strong, in states the president won handily a they have to have something to show their constituents? >> i watched the interview that i just alluded to with mr. blitzer on a competing network. goes speaker pelosi in that interview look to to you like she cares what anybody else thinks? >> neil: senator, i don't watch the other networks. >> i was just flipping channels. >> neil: where do things stand now with the senate measure? a $500 billion measure. the

i can tell you business is going on in, secretary mnuchin is expected to have discussions with speaker pelosi today, i spoke to stephenmorning about a number of matters. we are still apart on our asks. they are in our judgment asking for a lot of extraneous things that have nothing to do with covid in the economy. the split has narrowed somewhat, but is still wide enough. i will make this point, as i've said before, i do not believe our recovery is dependent on a assistance packages. but, there are certain areas which would be enormously helpful. to quit, the airlines need legislation for additional assistance, they are in big trouble and on the verge of major layoffs. we would like to prevent that to help the workforce. be extendingshould the payroll protection plan for small businesses, there is actually 130 billion some odd money that was unused, we need to put the back to work. i get a million calls on this from ceos of large and small companies. we should have the schools -- help the schools, we have a voice had asked to help the school reopen to whichever renovations and re-furnishings and testing and equipment