This just a correction or is there Something Else more insidious involved . I wouldnt use the c word. I would say this is profittaking pullback. That is all this is. Remember, the nasdaq, top 100, ndx were up 75 straight up off the lows. Even after this pullback were off 10 from the highs, theyre sill up 66 . Looking at the s p, right now as it stands is 50 off that march bottom. So the end is not near. This is just a profittaking pullback. This same situation is in place. Lets see how things react. Even with today, were only down 3 in tech. That is not much at all. What i like to see with vix. The vix has a lower high than it had on friday even though the s p had a lower low. That is very much a positive. David jonathan what do you think . The end is not here. This is just a pullback. We could be way up again momentarily after the pullback is finished. What do you think . Put me in the bear camp, you have 80 new, 20day highs, excuse me, only 8020day lows. And the pendulum is to the bear side. Were due for some risk off time. Im not one that buys it as our guest alluded to you never know a dip is just the dip or beginning after longerterm move. I think there are still a lot of pulls out there with a lot of call buying for example, out there, speculation out there. I think in a sense the next 1000point move of the dow is lower rather than higher. David alan, one thing long term that i have talked to investors about that they are concerned with are these lockdowns, these continued lockdowns in cities like new york, even though new york by the way has a virus rate 1 . David less than 1 for four weeks now. It has met all the goals but it is still locked down. Im wondering if the market factored this in because it doesnt seem as though, even with the current pullback . Im nothing but a price guy and this price pullback was warranted. It needed to be done. Markets have to pull back before they go higher. Im very much positive. If you havent been long youve been completely wrong. I dont things changed that quickly keep an eye on the dollar index. A test on likewise of the dollar index could be positive for stocks, bringing the riskon back into the game. I think this is temporary. We made alltime highs over rand and over and over again. Last week was holiday week. That is when things get thinned and market gets nudge ad little more than usual. Well see if people come back if the volume picks up. Jonathan is right as far as the brett goes, the breadth is only in a handful of stocks. You have to be a stock trader not an index follower because you have to find opportunities. David i will ask the producers to put the sixth avenue shot on the screen. Jonathan, ive been in new york for 40 years. This is the first tuesday after labor day i ever seen streets that empty. People are crossing without looking up and down the street. This is sixth avenue in manhattan. This is the heart of new york. The city supposedly never sleeps has been asleep for a long time now. The question, will it ever wake up. What do you think of the lockdowns. I know youre a technical guy. Talk outside of your lane for a second. What do you think of the lockdowns . David, no question, new york, other big city, metropolitan areas will be changed for years, even when we do get a virus david vaccines. Yeah a vaccine to the virus, if we do get a vaccine. There have been longstanding economic ramifications. Keep in mind that is what caused the downturn in the stock market and the economy. David right. Wasnt so much the virus t was lockdowns. Mandatory lockdowns. Populations like new york city and businesses here in will be take years and years to unravel without question. David alan, i think youre in chicago. Jonathan, talk about chicago, are you seeing the same thing there we see in new york. Interestingly enough, jonathan and i live in the same building in the heart of the financial district in chicago. David i didnt know that. Im at my beach house in michigan. I sneak out to get where it is. Streets are empty. Doesnt mean that the stock market cannot continue to go higher and higher. David lets leave on the big news. Not to diminish your views, jonathan. Nice to leave on a up note. Good to see you both, gentleman. Thank you. David 56 days until the election of the President Trump taking the message on the road. Is is set to tout the economic recovery in florida and North Carolina. Both joe biden and Kamala Harris, visiting the Battle Ground state of wisconsin in recent days. Joe biden is holding a Virtual Event there today. Blake burman with the latest on all the events. Reporter we expect to hear President Trump talk about the environment. Democrats said the president has been absolute disaster for the environment, pulling out of the Paris Climate Accord and deregulation. The president felt he is a steward for the environment and with it lifted up the economy as well. Right now the president , it was just about to get on to air force one as of about 10 or 15 minutes ago. Before he got on board that plane to head down to florida his very first comments to reporters once again were on the economy. This was part of the president s message yesterday on labor day, the unofficial start of the homestretch of a president ial campaign. Once again the president wanted to talk about, well, listen here. Were currently witnessing the fastest labor Market Recovery from an economic crisis in history, world history. By contrast biden presided over the worst, the weakest and the slowest economic recovery since the great depression. It was a long, slow, slog. Reporter while the president says we are experiencing a vlike recovery, joe biden and his campaign have begun to argue it is more like a k, with the wealthy experiencing stock market gains and those with lower incomes feeling the burden of layoffs and furloughs from the covid19 pandemic. President trump keeps talking about how great the economy is, how great the stock market is. The reason he didnt have the guts to tick on covid and threw up the white flag, he was worried if he started talking about saving peoples lives the stock market may fall. Reporter left side of the screen, richard trumka, head of aflcio aflcio a Virtual Event biden held with trumka yesterday. Biden will be back on the campaign trail tomorrow, david. He will be in michigan following up the president s trip today to florida and North Carolina, swing states, of course, crucial ones all. David you know these analogies have to be clear. If you have to explain Something Like a k instead, a v is clear. You dont have to explain. A k, seems too much president says its a super v. I guess you could ask what is a super v . David k is difficult, i think after breakfast cereal when i see a k. Thank you very much, my friend. Polls appear to be tighten in battleground states. Real clear politics average showing North Carolina within a percentage point and florida 2 age points. To founder tom bevin and gop fundraiser Noelle Nikpour with joe bidens lead narrowing in key states. Tom i want to ask you. You got the economy which fox business talks about all the time. You have the question of law and order which is getting worse and spreading to places like pittsburgh and rochester, new york, where we didnt think it would be going. You have the virus, you have ending the lockdowns. Which of these issues is causing a narrowing . All of them. David okay. No, there is a lot at play. Obviously the focus has shifted rather dramatically from the coronavirus to the law and order. Even biden fighting on that turf right now. The economy came back into play with the good jobs numbers last week. As you mentioned President Trump is now starting to talk more and more about the economy. Health care is another issue that is at the top of minds of voters around the country in all of the public polling. Look there, is no question, that this race has tightened. You mentioned florida. Bidens lead in florida at the beginning of the Democratic Convention was five points. It is now under two points. North carolina, as you mentioned under a single point. We had a poll out in pennsylvania showing that race two or three points. Another Interesting Data point, david, is that there was a poll out this morning among latino voters in florida by bendix son associates. Trump is actually beating joe biden among latinos. He is up 38 points among cubanamericans in the miamidade county. So that is one of the reasons i think coming out of the convention his message has resonated with latinos in particular. David noelle, let me ask, take the latinos, the law and order message resonating with them, the economic message . What do you really think is getting through to voters . I think it is both. I will tell you another thing, i read an article recently in real clear politics about suburban women, how trump is making an appeal to suburban women on issues like crime. Youve got to remember that in all of these big cities youve got a lot of suburbs that surround those big cities. It makes it, you know, it shoots it back home when you see your major city you live on the outskirts have violent protests. There is a big difference between violent protests and silent protests. Youre seeing a lot of vandalism, a lot of looting, a lot of murdering. Youre seeing a lot of these things. It is making suburban women which are very, very dependable voters seeing women think twice. They may not be very fond of trumps personality, but when you put safety and the economy, i think it trumps personality. I think youre seeing a shift back to trump. David tom, you have the shifting with regard to the democratic message on violence. They didnt say a word about it during the convention and even though biden came out said he is against violence. He hasnt been specific about blm or antifa, that sort of thing. Not only that you have rioting in rochester over the weekend. Cuomo who is not running for anything right now, his main spokesman came out called them peaceful these are peaceful protests what she said. These are people who go and throw dinner plates from people eating outdoors into the streets. That is not peaceful protesting. That message, the democratic message on law and order seems to be failing. Well, i mean remains to be seen exactly how much traction that trump will get with this message because i think there is a couple things. Trump if anything he is a real blunt talker and uses blunt instruments. David you think. Phrases like law and other. Focus groups and poll having shown suburban women in particular are interested in Public Safety. That is much more nuanced term. Less edgy term. That i think is something that suburban voters and suburban women are particularly interested in. Its a question of messaging. Biden has been trying to thread that needle look, because he has got a portion of his base does not want to hear him talk and condemn protests or condemn, or you know talk about the police in favorable ways. Both sides are trying to get the message right on this. It remains to be seen who will win out at the end of the day. David noelle you have the shutdown controversy. You have a lot of shutdown hypocrisy. Nancy pelosi gets her hair done without a face mask on. Gyms in San Francisco open to government workers, not private citizens. Does that worry people that he is not taking the virus serious enough . No. Not at all. What is really sad is you know, science is now become political. I never really thought i would see the day where we have a widespread virus that has become either democrat or republican. So you know, i think if, if you like trump and you like the way he handled the virus, then youre going to support whatever he does. If you dont, youre going to find a reason not to. But i really think going forward, pandemic set aside, covid19, set aside today, it is going to be the economy and crime. Now, saying this, once we enter into flu season, once we enter into, you know, midoctober, we could be talking about a totally different story if you start seeing a lot more cases with covid and flu and hospitals trying to report and decipher between the two. David if we have a vaccine in october, that could change things dramatically as well. Sure. David the president talked earlier by the way before we left on his campaign trips. We have tape play back of the president speaking. Here it is. President trump thank you very much. Great jobs numbers. You see what is happening with respect to the economy. Vaccine is looking very good. Pretty soon well talk about that a little later on. Were going to florida. Were going to North Carolina. Were doing a double stop. Well be doing some triples along the way but right now were in earlier stages. The poll numbers you saw are very good. Theyre really getting good despite all of the disinformation campaigns that the democrats run, pure disinformation. So were doing very well. Well have a good trip today. I will see you during the trip. Any questionses . Reporter mr. President reporter [inaudible] if i have to i would. We needed to spend more money up front because of the pandemic and statements being made by democrats were again disinformation. Weve done a great job with covid. Weve done a great job with the china virus, a great job. Whether it is ventilators or whether it is vaccines which you will be seeing very soon or therapeutics weve done a great job but the press was fake and we have to spend a lot of money. No, if we did need, we dont, because we have much more money than we had last time going into the last two months. I think double and triple. But if we needed anymore i would purity put it up personally. Like i did in the primaries. In the 2016 primaries, if i have to i will do it here. Because we dont have to. We have double, maybe triple what we had number of years ago, four years ago. Reporter [inaudible] talking about President Trump whatever it takes. We have to win. This is the most important election in the history of our country. We have a radical left group going around, these people, there is something wrong with them, there really is. There is something wrong with them. Joe doesnt have the strength, he doesnt have the mental capability to control these people. And you take a look what is going on and i i look pittsburgh, i look at rochester, i looked at l. A. Last night, i look at the democratrun cities. You look at portland every night. They dont have the strength, i dont think the democrats have the courage to control these people. Theyre afraid to even talk about law and order. They cant issue the words law and order. All we want is law and order. I put out something, the suburbs are coming big to us because the suburbs are next. If you elected this guy, the suburbs would be overwhelmed with violence and crime. So that is where we are. This is the most important election in the history of our country. So that is it. Well see you in florida. Thank you very much. David wait a little bit to zoo h see if he makes a final comment. That is clean departure by the president on to florida and North Carolina this is pretty much of a campaign trip. He uses his own money necessary to win reelection, that is how important this election is. He also mentioned the riots happening in various cities around the country, spreading to places from portland and new york, which we have come to expect over the weeks. To places like rochester, new york, protests there now leading to daily meetings between police and city officials who are looking to quell the violence. Fox news correspondent. Aishah hasnie has the very latest on all of this. Reporter hi, david, thats right. Rochesters mayor facing a lot of pressure these days not only from protesters who would like her to step down but the city council investigating looking into what she knew, how much she knew and when she knew it after five nights of unrest, protests were mostly peaceful on monday. A small group of protesters sat naked outside of the Public Safety building in solidarity with daniel prude, the 41yearold man lost consciousness in hands of police, lying naked with a bag over his head. He died in the hospital. His death was ruled homicide but the autopsy found pcp in his system. Mayor, lovely warren promised police reforms. She will talk part in daily Public Meeting with police and the city counsel. 300 miles just south of rochester, blood continues to spill in the streets of new york city. 28 people were shot between friday and monday. Including a 6yearold boy near a celebration in brooklyn. Police commissioner determine not che pushing back again there might be a nypd slowdown. He says that is not happening. Instead touting a 25year high in illegal gun arrests while admitting he is worried those arrested will wind up back on the streets. Listen. Putting themselves on the line every day as they have been. Were up in gun arrests for the month now. The problem is, there are too many guns out there. There is not enough consequence. Reporter david, as for the rochester briefing that will happen every day now that happens three later today. Well keep it an eye on it for you. Aishahdavid Aishah Hasnie thanu very much. Staffers for new York Governor Andrew Cuomo saying protests are peaceful despite attack on Police Officers and people sitting outside of restaurants. Former nypd Police LieutenantDarren Porcher is here to talk about this. Melissa derosa, is top aid of Governor Cuomo. She sent out a tweet when the president talked about rochester and how awful it was. Sadly for this president a peaceful protest is a bad night. You look at what happened with that peaceful protest, not only the people that were sitting there trying to eat a dinner outside get a break in this lockdown, the owners of those businesses who have been struggling desperately to stay alive because of the illegality of inside dining, do you call that peaceful . Absolutely, in no way, shape or form do i see this as peaceful protests. Were looking at socioeconomic impoverishment plaguing our nation as it relates to the covid19 pandemic. So there is copious funding that is going into different programs and initiatives