Treatments it will be one of the jitters. Add them to many in the markets here. All in all taking it relative stride. I say relative stride. Again the Administration Front and center today, getting idea, talking to Economic Club members from around the country what the president thinks is going on to the economy. He is the best bet for the economy. Teasing a middle income tax cut as well if he were to get reelected. Fallout from the comments. The president s busy Campaign Schedule with blake burman from the white house. Hey, blake. Reporter i feel like there is a news burst leading up to the minutes of this show. That is certainly the case. Let me walk you through in and around washington the last half hour. Treasury secretary Steve Mnuchin speaking right now. He echoed a lot of comments, similar comments that Mitch Mcconnell and nancy pelosi made in the most recent days. The treasury secretary saying as it relates to a possible covid relief package it would be tough to get done before
Most to them and their families. Well look at one of the crucial demographics for President Trumps chances of reelection. Stay tune, we have fox Business Team coverage, Jackie Deangelis in our new york newsroom, blake burman standing by at the white house which is where we begin. Blake. Reporter connell there was another phone call between treasury secretary Steve Mnuchin and speaker of the house nancy pelosi to go over at least the hopes of trying to put together another covid relief package. We can tell you it lasted about an hour. They exchanged language on proposals. Were told there is expected to be another phone call tomorrow. This is the readout afterward at least from the side of the speaker of the house that they continue to say there are big gaps that remain. Deputy chief of staff for nancy pelosi tweeting the following saying, quote, one major area of disagreement continues to be that the white house lacks an understanding of the need for a National Strategic testing plan. T
Joe bidens plans might not be that helpful for the market no matter what moodys says. We raised a issue about moodys. Theyre saying it would be stimulative to the recovery. Moodys is a Municipal Bond rating firm. Under democrats generally a very a buoyant. News out of new york, Governor Cuomo says movie nighters outside of new york can open at 25 capacity. Here is the trouble. Those in the city dont think about it. One in Staten Island, owner of that theater does everything and anything he can to protect those that to go to his theater. Looks like he cant. For wait some time. Is that fair or balanced . We pick apart the theaters. You decide. Were keeping a very, very close eye on the real life movie playing out over stimulus. Right now growing confusion over nancy pelosi socalled 48hour deadline to come up with something from the white house, presumably. Republicans more generally to respond to her sort of bottom line deadline, get it done by tuesday or it is after the election. Lets g
Town halls. Who came out on top . I will ask. Also coming up, pfizer announcing it will hopefully be able to move forward with its vaccine next month as americans try to hold out hope. We have the very latest on the trials and how they impact the investing. Of course, its all about your bottom line. We will talk about that at the bottom of the hour. All that and so much more on making money. Charles all right, folks. The markets bolted out of the gate initially powered by higher than expected retail sales through september. Huge number, crushing wall street. In fact, overall, up 1. 9 . The street was looking for up. 7 . More than 300 more above the 0. 4 in consensus and the control group which goes into the gdp report, up 1. 4 . Department stores, they saw a huge rebound, clothing popped as well. Even the internet, its interesting, though, because it had a more pedestrian move. Meanwhile, restaurants, they picked up really nicely as Grocery Stores seemed to have plateaued. Auto sales w
The red. For the fifth trading day in a row. That is the longest losing streak for the nasdaq in more than a year. The president is holding his first arizona rally of the day. First of two. Mr. Trump heads to the tucson area after he wraps up in prescott. Im speaking to voters on the ground in Maricopa County, talking to them about issues that matter to them. A lot of coming up in arizona. First with fox Business Team coverage. Jackie deangelis with news in new york. Beginning with blake burman in the the white house. Blake. Reporter father one of those phone calls with nancy pelosi speaker of the house and treasury secretary Steve Mnuchin was supposed to begin an hour or so ago. Theyre not trying to hash out the top dollar figure but all the language underneath it. For example over the weekend of the speaker of the house wrote to her democratic colleagues the language white house changed or white house negotiating team changed related to testing simply didnt cut it. This is what she w