Underestimate senator mcconnell and his ability to corral maybe as many as 20 republican senators who believe that we have a vshaped recovery which of course is what President Trump has been saying. Its the senate that we look to, i think all discussions between secretary mnuchin and Speaker Pelosi have not borne fruit. One of the things i think they havent borne fruit because the republicans simply are not in favor of giving the states money. Speaker flossy wants to give many different businesses and states money because they are all strapped will this matter to that i dont think so i wish it would, i mean, in business i think it would, but not in politics. I feel, david, when i look at these numbers and i look at whats happened to the president , of course, we wish him well, i think that somehow nothing comes together in washington that you would think. Theres not a kind of a sympathetic lets get together, lets stop the war of words. It just doesnt happen like that anymore. No. There seems to be so Little Common ground in so many different areas in our country in terms of meeting the key challenges that we face, whether it be right in front of us in terms of more aid or whether it be longerterm challenges as well, jim. Regardless of the outcome of this election i think there are many people who believe its going to be very difficult for us to meet those challenges unless we do find common ground. This is a perfect example, the inability to come to some sort of agreement here that would provide some level of assistance, not just to Small Businesses as you pointed out so many times, but to states and municipalities that are suffering greatly as a result of the pandemic. Carl, the numbers are pretty obvious here we have the employment numbers and whether there are people who say, listen, it shows continued but slow choppy recovery in september 19. 4 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic those are the people that you would think the u. S. Government would protect through no fault of their own they have lost their jobs and those jobs arent coming back because of the pandemic. We now see how this is a shocking week, whether it be the nfl, i dont want to conflate the president with the nfl, but the fact is how easy it was for the nfl and the titans to get it, and then how terrible it is that the president got it. But a recognition that if you try to reopen the economy aggressively without masks, without more disciplined social distancing, its going to fail and i think that thats really the ultimate take away of what happened with the president being infected by covid. Right you do have now 16 states, jim, with positivity rates of 10 plus and thats up from 12 states just last week and then, jim, you know, were seeing a lot of projections about job losses, whether its from the Hotel Industry association or some officials in new york city talking about half of new York City Restaurants going away so i guess at this point if the complaint with this heroes light bill is that its got too much filler, how much are you willing to tolerate to get the money that actually is necessary if you think theres a difference well, i think that its time, it would be fabulous if the president used the moment to say now i see what this is like, we have to help these companies im closing my restaurants im closing them in ten days why . Well, because permanently im moth balling them when we get a vaccine i will open i will pay my rent at both places. You will pay your rent in the interim or you will pay your rent when you no, in the interim. Really . Youre going to continue to pay rent. I could turn the keys over to the landlord. Why not just negotiate some sort of a deal with your landlord the way so many other people at least have tried to to see if you can get some reduction that potentially you could pay back in the far end of it because my landlord might watch this show and you just lost all my leverage really . You did. You are the one who said youre going to pay, not me. Never mind. I dont mean to bargain with my landlord on squawk on the street, but i thank you, david. Look, the economics, we were hoping for 50 , 50 you could possibly make it, but the combination of the airflow issues and the fact that we dont have a vaccine, we just have therapeutics, look, we were the last ones that tried it. Theres still a couple that are able to that have lots of outdoor space, but we are so not alone. I think about 50 of the people in our same situation, carl. Were thinking about your business. We were profitable seven years. Yeah. Seven years done which is a feat in that business. Thank you. Even in normal times. Thank you jim, were going to keep our eyes open for headlines about the president s condition, obviously were all hoping that his health is unaffected, and when we might see him next lets turn to eamon javers this morning. Good morning, carl. At this hour we have a massive effort inside the u. S. Government and the american political system to Contact Trace and find out just how far the virus has spread among Senior Administration officials and senior political officials in the United States joe biden has tweeted has put out information that he and his staff are now going to be tested today. All the officials who were at the event on tuesday, the debate on tuesday in cleveland, will now receive tests for the coronavirus presumably we should have the results of that later on today those tests can be turned around fairly quickly the Vice President has now testeds negative for covid19 and the second lady also testing negative for covid19. The Vice President s press secretary tweeting that he remains in good health and wishes the trumps well in their recovery to give you a sense of the scale of the effort now that is taking place, we look at the travel that the president has engaged in just over the past week or so, he has been hopscotching the country going to political Battle Ground states, he has conducted a rally in pennsylvania, he held a Supreme Court nomination ceremony at the white house over the weekend, he had a reception for gold star families, he had a photo op in washington and a presser on covid testing on tuesday he was in ohio for that president ial debate. He had a fundraiser in minnesota and a rally in minnesota, at which quite a number of people did not wear masks, that was on wednesday. Yesterday he was in new jersey for a round table and a fundraiser with supporters there. So a lot of people have now come in contact with the president. Hes been traveling on air force one, all of that backing and forthing is going to have to be traced now to figure out how far this virus has gotten inside the u. S. Government. And you look at just hope hicks, just take one official, we learned that she, a close president ial campaign aide, tested positive last night according to a report that first broke yesterday evening. Look at the officials that she alone has been in contact with, its just about every Senior Administration official, more than 20 folks have been seen in contact with hope hicks over the past little while, just in terms of her travel. Often photographed without a mask here is the tweet from joe biden saying jill and i send our thoughts to President Trump and First Lady Melania Trump for a swift recovery we will continue to pray for the health and safety of the president and his family so a massive, massive effort now, guys, to figure out exactly how far this has gotten, how many senior officials have contracted the coronavirus and whether anyone in the biden camp has contracted it as well because, of course, they were on stage and in the venue on tuesday in ohio, guys, back over to you eamon, as youre talking a lot of headlines still crossing, one is from an aide to the head of the judiciary, lindsey graham, that hearings on judge barrett will continue. Then mcconnell here saying that a remote president ial debate remains an option, of course, we have a vp debate in five days. Yeah, look, i mean, that vp debate will be fascinating, thats scheduled for wednesday so far we have not heard from Kamala Harris yet as to her status, presumably she has not been exposed to this with anywhere near the degree that the Vice President might have been in proximity to it, but we will wait for her statement as well and then in terms of the Supreme Court nomination, you are going to have to figure out what exposure Amy Coney Barrett had herself because she was with the president on saturday and then any of the senators that shes been interacting with. So thats another piece of this thatsgoing to have to be pinned down in that massive Contact Tracing effort thats undergoing right now in washington you can imagine that Mitch Mcconnell, this is the political project of Mitch Mcconnells life is to make sure that there are a number of conservatives on the Supreme Court, as many conservatives as he can get on the Supreme Court. This is not going to stop that process from happening i dont think. Yz a world in which its possible to get her associated in that mcconnell doesnt take the opportunity to do that the request he is whether or not she herself would become sick and we dont know the answer to that or any of the senators responsible for shepherding it, that could be a difficulty for executing this before the election then in terms of the debate, its going to depend on the health of the candidates, a virtual debate as weve seen now this report from the New York Times suggesting that the president is experiencing covid symptoms, things like fatigue, you know, you just dont want to go into a debate if you are not 100 they are difficult under any circumstances, particularly a virtual one where things get awkward and then particularly if youre having health issues. We will have to wait and see on that one. Eamon, there is a big dispute in the senate about how strong the economy is there are a lot of people in the senate, republicans, who believe we have a vshaped recovery and its going pretty well i dont know if these numbers this morning will influence them how do you convince someone who agrees with the president that there is a vshaped recovery that there is an lshaped recovery and there are people who need help . Well, look, the president is the person who can do that with Senate Republicans the president has every political incentive and its been a head scratcher through this entire process why the president is not out there twisting arms of reluctant republican senators to go along with the stimulus before the reelect. Why would you the president is adamant that the economy is very strong why would you twist an arm just say, listen, its not really strong. Tell people in one place that its not strong and then go public and say it is strong. The politics the politics of getting cash into voters hands before an election are pretty clear, jim. So that would work to the president s advantage even if he said its strong but we need to just make sure, lets make sure we pass this, thats an argument that Senate Republicans would listen to from him they have been convinced of a lot of things by this president , that they didnt necessarily agree with before he was elected, they could certainly be convinced of that. He hasnt taken that leadership because he hasnt seen it for whatever reason as crucial to his own reelection, as crucial for the country and the economic recovery the president simply decided not to push for that and thats part of the reason why were here the other reason, of course, is that nancy pelosi is holding out for a better deal. She feels that the numbers that are offered by the republicans are simply not high enough and not recognizing the scale of the catastrophe and thats why we have this gulf between the two parties. One interesting, you know, possible second order effect of this president ial diagnosis now is that because the spotlight now swings to the white house and health issues, does that take some of the political pressure of Steven Mnuchin and nancy pelosi who might be able to quietly cut a deal while the attention is focused somewhere else. Yeah, but they still need Mitch Mcconnell to sign off on any deal. They do. They can get to where they want. Thats right. Back to the health questions, though im curious, you know, listen, we know at this point having followed closely this virus for many months now it is unpredictable, even for people in a highrisk category that the president would seem to be given his age and his weight it can have virtually no impact on some people and obviously others it hits very hard what are the protocols by which we can expect the white house to operate under here in terms of keeping the American Public informed of his health well, you know, we dont know they put out the Statement Last night from the physician and thats all weve gotten so far there is no official plan for informing the public of the president s health status. The white house will do that as it sees fit and as it responds to public pressure to know more about what the president is experiencing here. At this point we dont know. I talked to a former Senior Administration official overnight about what was the covid plan inside the white house if the president was diagnosed. They strategize all of this stuff in advance the official told me that the plan was to have the president holed up in the residence, the living quarters, minimize all staff contact to him so just the bare minimum of staff having contact with him and of course the medical officials who would monitor his situation very closely and ride it out as if it was similar to the flu that was the plan going into this now, all plans change, you know, when events change so we will see if that holds, if the president travels or if the president stays inside the residence, but they were planning on just limiting staff contact, having him ride it out in the residence and monitor with the medical team who would reach out to outside experts for any Additional Support that they might need in terms of the most advanced cutting edge thinking on the virus. Eamon, thank you. Obviously our eyes are peels for further developments and information about the condition of the president and the staff at the white house and the Vice President as well. Eamon javers jim, what does it do to the conversation we would have had this morning about how the market has been able to at least start to climb above the 50day and sort of reestablish itself on some Technical Levels what i call this is the v stock market versus the l economy and the v stock market includes most of the large tech companies, many which are down right now, but i think could rally. The semiconductors, lots of positive chatter about those, these are ones that are involving secular change, particularly 5g. We remain steadfast with the idea that people stay at home to work, anything that works like that other than the recession stocks because the stock market has ruled out a recession if you look at the way that a General Mills is starting to act, campbells started to act, Constellation Brands worked yesterday and the way conagra did. I dont want to ever say that its business as usual because then i will be viewed as being a callous individual but i do believe there will be many stocks that will initially go down like a tesla, by the way, we had deliveries that were better than expected and then they can rally i think that can be like a ford motor where i believe that the numbers are going to come in better and i would be looking to buy Something Like that. We didnt talk about the jobs number really at all, did we, jim . The jobs number powell is not going to do anything the president is going to say the numbers are strong. The Unemployment Rate falls below 8 , with he did not add quite as many as had been anticipated in terms of jobs im looking at something from our friend peter in terms of what hes calling a negative the continued rise in permanent job losers, he does point out the stat can read badly but you hope with a dynamic economy that changes. 3. 57 million permanent job losers, as high as may of 2013. Thats the l economy. This is a walmart economy. Walmart can withstand this walmart is putting a lot of companies out of business. Look, i had Bed Bath Beyond on last night, theyre going to be able to survive because they have new management. Amazon this is the amazon this is the death star, david. Its really at work. Thats why all of the Ecommerce Companies are doing so well. It is not a good time unless you have a gigantic Balance Sheet or youre somebody like eric repair who is so good that you can stay open with the quarter of your tables, unless you want to be in florida, david do you want to go there right now where its 100 open im happy here. Near you i want to be near you. Wherever you are, jim, im close by, but not any closer than 30 feet. Thats exactly right. Not indoors. Guys, we will take a break here futures are obviously weak, a lot of news still headed our way, although gains for the week may be intact,ven th ewi these losses back in a moment i cant believe it. What . That our new house is haunted by casper the friendly ghost . Hey jill hey kurt movies . Ill get snacks no, i cant believe how easy it was to save