In addition to the markets with fox Business Team coverage and our reporter stated by blake burman on the white house northline and Lauren Simonetti and Edward Lawrence from washington, we begin with you, this is been a choppy session. Her reaction was key and i think its going to continue at least through the election as volatility, we had another session of pretty severe swings, over 300 points from high to low, not only on theyre down but also on the nasdaq. And the rally that we had at the open its baited the close once again because tech reverse gains once again so wayne on theyre down, salesforce and apple and the other mega caps stock that has such outsize market caps, they were done today and this week, look at this apple down 7. 5 on the week and netflix down 7 . Their losses were pretty severe and as for the major averages overall selling offer week number two, the nasdaq worst week since march right before the pandemic down 4 , the dow and s p 500 finish today in the green but there around 2 for the week. It is surprising today that some of the names that have immensely benefited from lockdown and work from home, big time at the open but fizzled out the clothes, the capella town down four and a quarter percent. Amazing numbers from the quarterly report, the competition is growing from traditional but to also cheap. Kroger down 1 , they have to keep the momentum going, they are invested in digital and delivery and not waiting on their margin. Many of these evaluations along with tech overall in the nosebleed section, everybody is coming back down to earth right now, we are in september and have an election. Back to you. All that is true and interesting the way things closed out. Melissa wall street heading back into the office, President Trump praising the news that j. P. Morgan chase is going to bring staff into the building later this month and Edward Lawrence is in washington with the details. Life is coming back to new york city, something that bill de blasio would like to hear that banks are starting to bring back their employees into the building, were not talking about a lot of people but j. P. Morgan chase says they will bring back senior managers in their sales and trading division, they will bring them back to the building and it affects workers only in new york and london, the president congratulating the bank saying working in an office will always be better than working from home, this could be exactly what his economic advisers are saying about life coming back in the economy. The great news here is that businesses are reopening and the economy is moving forward at a rapid, probably than gunter better than folks thought. That is a great news and that will continue. New york has been closed for three months in the last three months have been some Economic Activity with a push from the bottom up to do more, brinks bringing workers back and part of Goldman Sachs telling employees it will allow workers to return to shifts, and shifts over the next coming weeks, they sent a survey to workers to see what they think about returning in october, Deutsche Bank making arrangements for parttime office work when the pandemic ends. These companies devalue and having that work back in the office as the economy opens up, this can be a glimmer for the future as they want to handle the demand when Economic Activity really starts to ramp up. Back to you. Melissa thank you. Connell lets talk about it with steve moore the Freedom Works economist, always good to see you. I take away its not a ton of workers coming back but some of the wall street firms led by j. P. Morgan will be back in person, how important it. I agree what you heard from larry kudlow, this is been an amazing recovery on the last four months, i dont think anybody wouldve expected certainly official forecasters in the economist thought the economy would be a much worse place than it is now. It is also true that it gets tougher, the first 10 million jobs back have been pretty quickly but 10 million more to get back and that will be a bit more of a slog i believe but the direction is positive and i think thats going to be good for trump from november. A couple of things to take apart, one i will pick up on is a knockdown or knockoff effect of workers coming back in the whitecollar jobs, wall street others, they are going to be made that certainly some of these companies can be more efficient and from Technology Working from home and they save on cost and the like, then you think about the real economy and theres a bagel store thats going to get a lot more business of people working or the coffee shop guy or whatever the case may be people going out to lunch in the Economic Impact of these people going out in person, how important is that. The economy is going to be prudently changed from whats happened in the last six months, i dont think theres any question about it. Many of us have learned how to work pretty efficiently in our home offices, that means obviously that the commercial, especially the office space rental market is going to be horrible for the next at least couple of years because i think you may see people saying we dont need to have office space, we can have people working efficiently from home, how long will it take for the Airline Industry to get back, i was at the airport yesterday and boston and washington, d. C. And it was like a ghost town, nobody was around, how long will that take, 18 months for people to get back fly near the norm, there are a lot of industries that are going to have to take substantial reduction in employment as a new economy emerges but then you have technology companies, why do you think nasdaq has seen alltime highs, i know its been a downturn the last couple of weeks but these numbers are fantastic, what youre seeing is a readjustment of the economy towards the gig economy. Connell i cannot get out of my head that were having this conversation on september 11 and maybe that cloud to a little bit or has that taught, the stories at the time will new york ever bounce back, i remember being on wall street the date everybody went back to work, all those times of things. I understand its different on you talking about the economy being transformed and shaped by the last six months and people were saying things would change then and obviously they did but economically we did bounce back. Heidi compared the two from an economic perspective. The other thing related to what youre talking about is a geographical shift going on, you may have seen the news that a thousand people every day are moving into florida right now, 500 people every day are moving into texas, where are they moving out of, there moving out of chicago, there moving out of minneapolis, new york city, cities have done Severe Damage by refusing to keep their streets save safe from criminals and riders, the other problem people are much for hesitant to want to live in very population dense areas, people are worried about what is the next pandemic, will there be a second wave, the way we live our lives and where we live could be change for the next five. Ten years if not longer. Connell that could be the difference between now and then, we will talk more about that in a few minutes. Always good to see you. Back over to you. Melissa jamie dimon change and ive no doubt about that, historic breakthrough, President Trump announcing a peace deal between israel and by rain today, lets go to blake burman live at the white house with the details on the story. Perhaps we are seeing a domino effect occurred in the middle east as President Trump announced another peace deal in that region today, this time between israel and bahrain, they will have full diplomatic relations, trade relations, et cetera, the announcement comes after last months peace deal between israel and the united arab, President Trump calling this a historic day and feels that this could potentially be the beginning of a big shift in the middle east. I see things positively happening with iran, that can all work out very well and i think so many great things are going to happen and then we can also discuss the palestinians, i think the palestinians will end up doing something that is very smart for them and all their friends are coming into this and they want to come into this. Israel bahrain israel in the uae last month, the leaders of israel at washington, d. C. Specifically at the white house next tuesday to sign that piece of court. Melissa any other time this would be huge news, unbelievable news, connell. Connell under pressure, we have a new warning from mayor de blasio and it comes from new york city Business Leaders, they have thoughts on how to get the city back on track, we will talk about that plus the future value of an nfl team, were breaking on the coronavirus football money, that is coming up and no demand of the pandemic for a lot of businesses, from a drycleaner business in the state of illinois that is fighting to stay afloat, stick around why dont you call Td Ameritrade for a strategy gut check . Whats that . You run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. Im a verizon engineer. And im part of the team building. A powerful 5g experience for america. Its 5g ultra wideband, and its already available in parts of select cities. Like los angeles. And in new york city. And its rolling out in cities around the country. With massive capacity. Its like an eightlane highway compared to a twolane dirt road. 25x faster than todays 4g networks. In fact, its the fastest 5g in the world. From the network more people rely on. This is 5g built right. Only on verizon. The big events are back. Xfinity is your home for the return of live sports. Melissa urging new york city mayor bill de blasio to fix the big apple, like its his job or something, leaders from 150 big businesses are calling for more Decisive Action to hold the city decline in a letter to the mayor they wrote we urge you to take immediate action to restore essential services as a necessary precursor for solving the longterm complex economic challenges. Here now is steve forbes, forms media chairman, little bit color on that, this assigned by Business Leaders across the board, not republicans, this was from the wnba, they began, the nasdaq, macys, huge long list and they said we cannot come back into the city, we cannot bring our employees back, we cannot go into our real estate, your city is collapsing because of the homeless problem in the Public Transit system is filthy, the city is dangerous and you need to do something or else we cannot bring our workers back, what are you thinking, his response was lets be clear, to restore city services, we need longterm borrowing in a federal stimulus, we need these leaders to join the fight to move the city forward, even though this mayor is spending more money than any mayor in the history of the city and the city is in horrible shape, it is just more money that is standing in between him and fixing things. What or your thoughts. As you point out the city spends tens of billions of dollars a year, its not a lack of money its a lack of leadership with the mayor and others who put the handcuffs on the police and allow this spike in crime, its a man who refuses to do anything about the shelters for the homeless, the mayor who is guiding the schools, teaching the garbage and it is the mayor who refuses to let restaurants do indoors, theyre finally going to do at the end of the month, only 25 , that shouldve been done two or three months ago, you have an industry that employs 300,000 people before coping and the mayor dragged his feet on trying to let it come back to life a little bit, you see an Entertainment Industry which employs 400,000 people before covid, theyre not going to be allowed to come back to life until maybe sometime early next year, its bad leadership, malicious leadership, i dont understand what he has against restaurants but there is an animus there and hes twiddling his thumb saying give me more money while they waste the money that they have, earn the money first, so you can use it effectively. Melissa in fact he spends double the amount on homelessness that his predecessor did and in that amount of time weve seen homelessness triple, i dont understand that math, first of all he wants to blame the economy and we had a booming economy as from homelessness expanding and storefronts were emptying, even though all around the world the economy was expanding and he says he wants a gift for longterm financing, the truth of the matter there is window opening and he could borrow that money today but he does not want to have to pay back, what do you think about that. Who would not want free money, he just feels that money from a printing press, and it creates resources and government does not create resources, people do it and hes absolutely oblivious to what makes the world work. He does is smoking on the side, three hour lunches, worked out in the gym and he does not fiddle why the new york city burns effectively, same thing he stands idle in the city goes down and the good thing about the 150 businesses saying this, it sets the stage for his successor, whether andrew cuomo has encouraged to remove him and get somebody else in there or wait till next years elections, this sets the stage for civic revival, we have seen this in the past when newark fell apart, 1970s and 80s in private and Public Partnerships came together, reef revived park union square, bryant park, all those were initiatives coming from the private sector with cooperation from the Public Sector help revive a devastated city back then and were seeing the signs again, by the way the restaurants you see on the sidewalks of new york that came from architect that went to the city knew what strings to pull to get not only permission but the way in which you could feed more people, tens of thousand people are eating in new york that would not happen if the architect had not come forward with a way to do it. I think the people of new york will be reviving the city, i know im on a family channel, nonleaders like bill. Melissa he is such a jack ass, it makes me so mad at my Blood Pressure cannot take it. While youre here i want to ask you about lululemon, its under fire for promoting online workshop, resisting capitalism while selling yoga pants for more than 100, the company telling foxbusiness. Com that the event is organized by one of its ambassadors, it is not their fault, its not a lululemon form and it does not represent the companys views, lululemon removed the post following the criticism but how hilarious is it, that theyre having a class on anticapitalism while theyre charging you 100 bucks plus for a pair of pants and their great capitalist story themselves. People asked online if youre capitalism why are you against nonprofit, why are you using sweatshops to make the material and things like that. Lululemon, sadly seen Silicon Valley and elsewhere, people who should know better who have done well with the system that we have cannot connect the dots of what makes their prosperity possible, the indepth endorsing policies that are undermining it look at europe and what socialism has done there, growth rate is a fraction of the u. S. Not to mention what you see in cuba and north korea and iran and elsewhere, i just wish these people could learn to connect dots, maybe we give them playbooks for kids and they could connect ideas, what makes possible your wellbeing and wellbeing of others. It is freedom hello. There being intellectually dishonest. Steve forbes, thank you. You are being kinder than i would be. Connell i think we just got steve forbes to talk about yoga pants. Kind of but not really, anyway. 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