Market action. Blake burman doing sorting of his own at the white house. Edward lawrence with the fed in a few minutes from washington. Like, to you. Reporter we heard from the commission that oversees the president ial debate, next debate one would be virtual debate. President trump reacted instantly, no, no will not take any part in that whatsoever. Instead his campaign is saying they would like to see the debate happen on october 22nd. Which was supposed to be the last debate and one on october 29th. The Biden Campaign came out said theyre good with the 22nd. That was on the calendar to begin with but they do not believe President Trump can unilaterally dictate the debate schedule after that. That is where we stand. Here is how both candidates reacted today. President trump i dont want to do a virtual debate. A virtual debate is a joke. Im in great shape. Unlike joe i dont have the luxury staying in a basement all day long. I have to run the country. We dont know what the president
Possible and on testing the American People really deserve to know that when we began, as you said, mr. President it, was literally a standing start. We didnt have information on the coding of the coronavirus until midfebruary but americas cdc labs and Public Health labs did their level best. By the end of february we had done less than 10,000 coronavirus tests but as you Just Announced a few moments ago, last week we cleared 100 million tests all across the country. It is extraordinary. We have the capacity to do three million tests a day. It is a testament to American Innovation and the leadership youve provided. Also, mr. President , weve delivered to nearly 14,000 Nursing Homes in america point of care tests already and are making it possible for us to really keep focus on the most vulnerable. As you know only 8 of those who have contracted the coronavirus are in Nursing Homes but 40 of those that have lost their life have been in Nursing Homes. So weve surged those resources and s
Election day. Thats cutting it close. And while Mitch Mcconnell is confident he has the votes to confirm the president s choice for the high court, the radical dems are acting like agents of a foreign power rather than members of the loyal opposition. The democrats have already attacked judge barretts role as a working mother of seven. Thats right, attacking her as a mother of seven. They have implied she is racist, they have further implied she is a religious fanatic. President trump calls the attacks of the left on her straightforwardly anticatholic prejudice. I thought we settled this 60 years ago with the election of john f. Kennedy, but seriously theyre going after her catholicism. I will stand with her, fight with her, and we will make sure that these attacks stop, because they really its unprecedented. Theyre basically fighting a major religion in our country. This is incredible. Lou at least four of the radical dem senators say they wont even meet with judge barrett, they refus
Reporter what a difference a day makes, right . A major turn around for the markets. The dow on pace to snap a threeday losing streak. The s p and nasdaq on pace to snap a fourday losing streak. The dow up 139. Nasdaq up 184. It is all about the technology, my friends. Apple, amazon, microsoft, google, facebook all up today. Amazon leading those fang stocks. Why . Bernstein upgraded that stock saying the selloff in that stock was a good reason to buy. Dont hold back here. What the bernstein analyst had to say. What else is going on . Interestingly tesla, battery day, weve been talking about them on the network all day long, right . If you want to know what the big money thinks, guess what . One analyst says this would be a snare tiff change for tesla. An important day. Stock is down as you see. What is going on . Elon musk saying company will not likely reach selfsufficiency in batteries until at least 2022. Well definitely watch that, well definitely watch battery day. So far not so g
As a matter of fact. As it closes it is closing lower, dragged down by renewed weakness today in the big tech stocks. Also energy was weak. So all of that, we will have in detail for you. The dow down about 400 points. Welcome to the show, everybody, im connell mcshane. Melissa wow. That was quite a press conference there. Im Melissa Francis and this is after the bell. The dow and the s p 500 closing down more than 1 after the biggest rally in at least two months. The tech selloff pushing the nasdaq deeper into the red after its largest gain since april. We have a lot of news to get to today. Fox Business Team coverage to cover it. Lauren simonetti following the markets. Blake burman is live at the white house. Hillary vaughn has latest on covid relief package. Kick it off with you, blake where all the action is now. Reporter we saw President Trump here as the closing bell hit and the topic again was tapes and conversations that the president had, 18 conversations, nine hours worth wit