Kristina. Reporter we had quite a day today with markets looking for direction but you saw all three major u. S. Averages closing in the green like jackie mentioned. You saw nasdaq hit an alltime high. S p 500 as well as the dow closed for the third day in a row in the green. You had a lot of big tech movers as you know but that led nasdaq higher. I want to focus on two particular stocks. Taketwo interactive had earnings. A big beat. They showed a lot of people, pentup demand for gaming as well in purchase games and you have amd, advanced micro devices, their stock climbing higher today because jeffries did increase the price target from 86 to 95 but there is it still come weakness across the board. A major news story, microsoft about the potential purchase of tiktok, because of that volatility, because of regulatory reviews, that weighed negatively on the stock today. You can see it was down over 1. 5 . Then weve got kodak since were talking about regulatory review, kodak shares we saw them skyrocket over the short term and trading lower amid reports the sec probe will begin. They will look at the companys trading close. This has to do a lot with the government loan. I will end on gold. We saw gold hit the high of 2,000 for the first time. A lot has to do with the flight to safety with covid19 as well as inflation fears. You saw all three indices close higher at the tape. Jackie that move in gold was impressive. Kristina, thank you very much. Lets head to Edward Lawrence in washington for the latest on capitol hill with the stimulus talks. Reporter jackie, meeting between treasury secretary steve mnuchin, chief of staff mark meadows and nancy pelosi and chuck schumer. This is a classic washington standoff here. The difference is peoples lives and ability to pay rent or keep their homes is weighing in the balance. Listen. Atmosphere is much more partisan than it was back in march and april. That much closer to the election. So i dont think the definition of success here is whether we have a unanimous vote. I think the definition of success is the product that something that will actually make a difference. Reporter republicans tried to extend unemployment benefits, two attempts blocked by democrats. Democrats want the senate to pass the 3 trillion heroes act. There is consensus something needs to be done especially with the extra Unemployment Insurance and help on halting evictions. Secretary mnuchin has more proposals he is dropping off for the democrats. It is a much broader bill, what they would like to see. Are they prepared to go for executive action . Both mnuchin and meadows said both of those, yes. Theyre prepared to go for the executive action if the proposal doesnt work but the gap seems to be very wide now between republicans and democrats. Listen. There are real dramatic needs. Were not going to do 1 5 of the needs or the a quarter of needs or a third of the needs. Were negotiating in good faith. Were coming closer together. Were doing a lot more negotiating democrats in the senate than republicans in the senate. Reporter House Speaker nancy pelosi said even if they have agreement today on a bill, not likely it would come up to the house for a vote for the president to sign this week. They have a long way to go to bridge this divide. Thank you. Jackie Edward Lawrence, thank you for that. Lets get to our own blake burman live at the white house with the latest reaction there. Blake. Reporter edward seemed to sum it up pretty good with what is going on capitol hill with the relief measures. We did hear from the white house chief of staff mark meadows he spoke to reporters. Meadows one of the top two negotiators said the following where everything stands with negotiations. Quote, we started a good foundation. I will say this, secretary mnuchin is prepared to make a few proposals that hopefully will be met with enthusiasm but yet were a long ways away striking any kind of a deal. Back here at the white house, one of the things we heard, drop the video of mitch mcconnell, that they are prepared to go forward with executive action if there is not any sort of deal. Larry kudlow spoke with Stuart Varney today said one of the things the president could potentially do extend the Eviction Moratorium that would deal with the hypothetical executive order with federally backed loans. White house views something they could potentially weigh in on Via Executive order should there not be any sort of deal up on capitol hill. Back to you. Jackie blake burman, thank you so much for that. Here now talking more about what is going on in washington and the markets, liz peek, foxnews. Com columnist, jonathan hoenig, capitalist Pig Hedge Fund founding member. Great to see you both, both fox news contributors. Jonathan, lets go ahead to start with you. Were trying to work things out in washington. The market is hoping there will be some sort of deal. Nothing is nailed down just yet. A lot of american citizens riding out the pandemic are hanging in the balance here. What is the Tipping Point . How long does washington have to get its act together, basically . Well, jackie, were literally in uncharted territory here. Both on enormity of the shutdown, slow down, recession and size of some of these dollar figures talked about. Im old enough to remember when obamas 800 billiondollar Stimulus Program was considered big. Whether democrats or republicans they were talking about trillions, multitrillions of dollars of stimulus, certainly having impact in the market. A lot of money printing, et cetera. It makes it more difficult as an investor because theyre not only trying to navigate what is the market going to do, what the economy is going to do, but what the government response is going to be, in terms of lockdowns that is creating unemployment and stimulus many think it actually prolonging the recession. Jackie liz, i want to get your take on this as well you know what . Well hold it right there we have disney Earnings Reporting Third Quarter results. I want to get straight to kristina for that. Reporter we do. We have a mixed bag for the Earnings Report but you had the adjusted earnings come in cents a share. We were expecting a loss of 64 cents a share. So definitely a huge beat on that front but its revenue that came in much lower. Were seeing revenue at 11. 78 billion. Were expecting estimates of 12. 3, almost 12. 4 billion. You can see down for this quarter, down dramatically, almost 40 . This is the first loss on the revenue side in almost 15 years. You have a lot of parks still closed. Disney cruises also halted. Their entertainment center, the studio business is not doing so well during the Third Quarter. That is also putting a delay on a lot of movies. Mulan, no date yet. Avatar films delayed a year. Beat on earnings adjusted per share but much lower revenue than expected. Jackie thank you, kristina. Go back to you to get Quick Reaction on disney. What im seeing they were able to bring in eight cents a share adjusting costs working things around to navigate throughout the pandemic. The expectation was they were going to be hit quite hard but this is another example of a company that really been struggling right now as we try to find a light at the end of the tunnel. What do you think . Well you could hardly find a Company Facing bigger challenges during this period than disney. Obviously no ones been able to go to the parks. Most of them have been closed. They tried to reopen a couple. They had to close them back down again. The products arent selling. The only bright spopot ist the st sting servg e aic we h htav hav th numrs yetrset onn su s. I got to a te tumhatshas u b bb at m aealmnsosea noteahieahiongt tes. Nu that iat is r illy ibout ahe ahe futu en e t enkbonkut a a a ahat, ere her heeasn b nports. Pos. S. It been reall r ry,y,y,eall r ult icslic for f disney. Ney. Ney. Evyoevne devid exptxp at ls. L l i wouldnt gnet toooooo wound n it. Fit. Itues t the story. It will be very interesting to see if the Company Comes out with any kind of guidance. A lot of companies are just passing on that. If i were they i would probably do the same. Jackie jonathan, i want to get your take on it as well because disney is certainly one of the companies that really, really struggled. We dont know where we stand with the virus right now. This comes back to what sort of washington is mulling over as well. This could take more time. We could see continued spikes in certain states t could get worse potentially in the fall. So you know, the question is, how does washington balance what it has to do try to provide relief to americans while corporations are really struggling their way and trying to figure a way through this as well . Jackie, to lizs point, disney is all about large groups. Thats what it does. It is providing entertainment to large groups. Everything that was an asset to disney before the pandemic as liz pointed out is now a liability after of the pandemic. Disney is fairly smart. It warned the street. It said we had bad news coming. They suspended their dividend. Like a lot of media stocks theyre down 20 . Interesting the stock is trading lower on the earnings news, the earnings beat as kristina talked about. Would rather see the stock miss and rally as a result. The fact it is trading down, showing a lot of traders despite the beat, disneys at least near term prospects dont look rosy. Jackie that leaves the question for the rest of the year and how long we struggle through this. You know, the april, may, june quarter for a lot of companies was going to be that struggle that really showed how hard the pandemic hit, liz and im wondering when i look at the stock market right now, dow closing just under 27,000, you know, is wall street sort of being too optimistic here with respect to the scenario of things reopening and Getting Better too quickly . Is the market getting ahead of itself . You had a number of tailwinds right now, jackie. Right now number of cases in the u. S. Seemed to have peaked 10 days ago. That is obviously very good news. Look at manufacturing. Manufacturing keeps coming in better than expected. We had another read on that yesterday. Ininventories are at sixyear lows. This is by the way not just in the u. S. But around the world. There is a lot of catchup that will be going on here over the next six months. Plus we have housing in very good shape. So there are some segments really going to carry i think growth in the third and Fourth Quarters pretty strongly. We dont know what the outlook for the virus is. Pretty sure by the end of the year there is going to be a vaccine. Investors are looking over this as they really have for a month or so now, kind of anticipating what companies will do and what arent going to do well. In the case of disney, look, their challenges will be there for the next year probably. Because as jonathan said, the crowd situation is all about what makes disney profitable. I just dont see that going away [inaudible]. Jackie hang on just one second. I want to go back to kristina who has more of the headlines coming out of disney. Maybe where they saw some strength and really where they were hurting, kristina . Reporter i can answer those questions for liz and jonathan now. Were talking about the crowds. We have numbers for the parks, experiences and products. Revenue for the quarter decreased this, 85 , to one billion dollars. Youre wondering about disneys cape networks. Those revenues down 10 to 4 billion. So not as bad but still decreasing. Then studio entertainment revenues, where all the big movies come out, down for the quarter 55 . So again, parks and experiences, a huge major contributing factor to the bottom line for disney. Youre seeing that down 85 as many places are still closed. In california we dont even know when it is going to reopen. Studio entertainment down 55 . Cable revenues down 10 . Im trying to find a little uptick for you. With have revenues media network, 6. 6 billion. There is that media subscribers, jonathan, you asked for that, 57. 5 million. A little higher than what we saw previously. Back in may it was 54. 5 million. So it is climbing higher but still a little bit less than what analysts were expecting. Were seeing a lot of negative numbers across the board for disney. Uptick in disney plus, the streaming platform. Back to you guys. Jackie thank you so much for that. Disney plus was a bright spot, parks, sports movies, got hit pretty hard. Jonathan, liz peek, thank you so much for joining us. Well talk a little bit more about this coming up of course. Meantime u. S. Manufacturers are fighting back. Industry leaders slamming President Trumps plan to lower drug costs. Well talk to a major player in the industry about the risk there. Plus a deadly Tropical Storm barreling up the east coast. Torrential rain, damaging winds hitting the new york city area after slamming the carolinas. Were tracking that storms path at this hour. The athome building boom, a high demand for lumber driving up prices. It is leaving box retailers clamoring for wood. Will this trend continue . Were live at a lumber shop in chicago with more. An extra 15 percent credit on car and motorcycle policies . Ok . Thats 15 percent on top of what geico could already save you. So what are you waiting for . Dj khaled to be your motivational coach . Yo devin remember to brush in a circle motion. Thank you. Dj. Khaled. Tiny circles, devin. Do another one. Another one. Is this good . Put in that work, devin. Dont give up. Geico. Save an extra 15 when you switch by october 7th. Save an extra 15 when you switch weve always put safety first. And we always will. For people. For the future. And there has never been a summer when its mattered more. Wherever you go, summer safely. Get 0 apr financing for up to five years on select models and exclusive lease offers. She was not able to vote in her lifetime, but i wanted to honor all that she had done to ensure a Lasting Legacy of education and civic involvement. Im very proud to carry on her story. Where you can find games, news and highlights. All in one place, right on your tv. The xfinity sports zone. Use your voice to search every stat and score. Follow the teams you love. And, even get notifications with breaking news alerts and more. With the xfinity sports zone everybody wins. Now thats simple, easy, awesome. Say xfinity sports zone into your voice remote today. Jackie we got a fox business alert. Fox corporation, the Parent Company of fox business, reporting Fourth Quarter results. Lets go back to Kristina Partsinevelos with those numbers. Kristina. Reporter yeah, we got revenue came roughly in line, what we were expecting 2. 42 billion. That is drop of 4. 5 compared to a year ago. Talking about earnings per share, adjusted earnings per share, that comes in at 0. 62 cents. 62 cents a share, beating what we were expecting at 57 cents. A relatively strong report but i want to focus on the comments were seeing right now from ceo lachlan murdoch. He commented ad revenue did decline but dramatic drop in ad revenue was offset by affiliates doing much better. Affiliate revenue increased 8 . Part of that has to do with tv. Tv segments, more people tune in. Youre seeing lower local advertising revenue come in at various Fox Television stations. There is fewer live events because of fox sports. That weighed negatively on earnings, fewer house hours of scripted programing across the board. Revenue came in line with expectations at 2. 42 billion. Earnings per share coming in a little bit higher, the dividend payout, that is the latest number i can give you, were seeing 23 cents a share. A stronger than what we saw with disney but ad revenue is still a major focus. Were still seeing it down and lack of live sports are hurting fox sports but people are tuning in locally at least. Back to you. Jackie Kristina Partsinevelos. Thank you so much. The white house proposing a plan to lower drug prices through International Price indexing. Now new ads are out opposing this plan and what it could mean for american manufacturers. Listen to this. Pricesetting schemes manipulated by foreign governments could harm innovation and critical r d investments. Support access to lifesaving medicines and the manufacturers who make them. Jackie President Trump firing back on twitter today tweeting, quote, big pharma is taking ads against me because i am massively lower your drug prices which is obviously not good for them. Medicare premiums will also be going down. I am the first president to take them on. Dont fall for their false ads. Bidens plan is for very big increases. Joining us now with more, jay timmons, National Association of manufacturers president and ceo. Great to have you with us, sir. Lets go ahead and talk about what the concept of price indexing is for many people who dont know. We know the stories about people going to other countries to get their drugs for cheaper pricing. Why we cant bring our own costs down here at home and why the president is proposing this idea . Yeah. Well, first of all let me just say kudos to the president , kudos to any politician or any elected official who wants to see the price of Prescription Drugs go down and the cost of health care to go down. I think we all do. I represent manufacturing. I represent many of those employers who are providing plans to be able to provide Prescription Drug coverage for their employees. So obviously we want to see the price go down too but this is just not the right way to do it. International price indexing actually pegs the cost of drugs to other countries pharmaceutical price where those prices may have been manipulated by Government Schemes or price controls or even socialistic policies. These are the types of things that the last campaign was argued on. We didnt want to see the government trying to interfere in our