World and its not necessarily a disaster or risk for the market, that is collective and i thought i would pass it along. We will be looking at the mail about it under ballot situation, and new theory being pushed that sends more democrats seem to be voting by mail, you could have a situation where on election day itself since republicans tend to favor voting in person the early results on election day could favor donald trump and then the mail and results which take a little bit more time to tabulate in places like pennsylvania delayed up to six days, you dont have a clear winner because neither side is budging, its kind of an interesting conundrum, particular in the bottle around states, we will be monitoring that we also have the ceo with us, that is a very, very popular means by which i would just say everybodys taken advantage with airports in a beach traffic and all of that. , blake is doing okay through all of that, we will follow that as well. In the meantime the dow is about 32, a lot of competing things that are weighing on investors, good news on housing front, more news on that, not so on whats happening with stimulus and whether we will get a package done we have stocks at a draw, for the week if something strong happens, we could look at the fourth straight down week, Jacqui Deangelis following the numbers enjoins us right now. Good afternoon, we are seeing a modest game on a friday but it will take a lot to wipe out the losses for the week the markets are weighing issues as we basically brought up, election uncertainty, the Supreme Court seat, the stimulus stalemate in d. C. And the pandemic concerns about a second wave lightly seen in other countries, it could happen, that is putting the dow on pace for the worst week in three months and also putting the dow, the s p 500 and the nasdaq down four weeks in a row on pace for the longest losing streak in more than a year, unless something significantly changes, thats what we got on our hands to close the week, one thing that can help calm the fears in the marketplace is news on vaccines, novavax the everybody focused on take day, big gain on most 12 , that is because is said is going to start phase three, late stage trials in the uk with 10000 volunteers in the trial in the u. S. Of 30000 people, the late phase could start as soon as next month phase two shows enough positive data to go ahead. There are issues, young governors and blue states weary of vaccines, here in new york andrew cuomo says he is creating independent body to review any approved vaccine because he says the approval process has become too politicized. He is also seen you will not trust the fda a federal regulating agency because he feels they are being influenced by the administration, last night on the evening edit scott atlas weighed in. Listen to this. We are talking about something that could be lifesaving to people, the priority people including the highest risk people and to instill fear and doubt when its completely irrational and purely political honestly, it is a disgrace that people are doing that. Not just in new york and connecticut, governor lamotte is taken a similar stanton joe biden since he doesnt trust the president when coming to vaccine. We all went to see a vaccine that will safeguard people from the virus, this could be detrimental, the talk that is out there and influence people when there is an approved vaccine, not to take it, that is the concern here right now. Neil thank you very much, speaking of new york as jacqui was speaking on, new york city threatening to shut down for not if essential businesses where they are seeing covid19 spikes. Youre looking at times square, i dont know exactly what parts they are looking to shut down or restrict but this comes on the heels of other developments we have seen where they are dialing things back in london and amsterdam and scotland and iran, moscow, even germany which for the first time in close to two months as daily infections back above 2000. We are looking at what this could mean and what the new restrictions in new york could have other developments in this country, i hate to add, not nearly what were seen abroad particularly in europe. We will keep you posted on all of those developments. Also keeping you on top of what the president is doing, doing a lot of campaigning, wrapping up an event right now in florida and we will go into atlanta with 39 days to go, there is not an ongoing debate about stimulus and whether it will ever come to pass, blake burman following it all in washington. When you go back to 2016 and south florida, President Trump lost the area by 290,000 votes south of that, Miamidade County the president lost 288,000 votes, those are the single biggest democratic strongholds in the biggest swing state, thats exactly where President Trump is staying in Miamidade County west of the airport if you have ever flown in. The president focusing on issues in that area that are in the forefront of so many issues to latino voters. Listen here. When we start getting the rest of the countries in, they will come to the table 100 , they are actually getting to a point where they want to make a deal, they wont say that outwardly, they want to make a deal and ill tell you who else wants to make a deal, iran wants to make a deal. That was clearly the wrong soundbite from the president the president essentially talking about venezuela and cuba and policies that he sees as different from his administration to what happened in the Obama Administration of course in which joe biden was Vice President , and in response to the florida trip, the Biden Campaign is pointing to healthcare as a president s trip in Miamidade County 36 enrolled in coverage for the Affordable Care act are hispanic, the highest percentage for any ethnic Group Fighting to rip away healthcare during a pandemic and the leadership it is weak and cruel, two different messages today what the president is in florida. After this President Trump will head to atlanta, georgia, an event in which the Campaign Says it will layout ideas that will benefit black Business Owners in the president this evening will campaign in virginia, back in washington on the policy side of things, we course monitor where things stand for covid19 relief majors, democrats likely to go ahead with another bill of 2. 4 trillion, a lot of the same policy items that were in the cares act, also potentially help with airlines, the white house has only set up until this point it is willing to up to 1. 5 trillion in Senate Republicans say that there needs to be no spending at all, there is still a fairly large gap but democrats seemingly are going to try another go at this in the house. Neil the airline relief, you know that the airlines are looking for 25 30 billion, even if it is tucked into the major and like i said, that may be far from the given that it would be in that facility . 25 billion in an extension essentially as the first package was 25 billion to keep those within the industry employed, there is obviously a hard money figure, 25 billion, i tell you in speaking with folks that are close to this, they also bring up the issue what about training and certification and stuff like that because if there are layoffs, october 1, next thursday the Airline Industry says, not only will there be job losses but those in the industry also argue it will set employees back significantly because they will be able to do things like training and recertification, very important things for many inside the industry. Neil thank you very much. Blake burman, the president is also going to go to virginia. That is the state governor and his wife had contracted the covid19, the second governor and spouse to have contracted this, the cycle, missouri governor mike parson and his wife indicating that they both have tested positive for the virus and now governor and his wife testing positive, the first time weve seen two governors hit with the other same time, we will keep you posted on that and keeping you posted at the advances to wipe out what could be the fourthdown week in a row, gary, jeff, gary a lot of people look at that and look at the cumulative pylon but perspective is everything, its a solo market, it is come back mightily from those march lows but even money on the year right now save the nasdaq . What do you think . Lets let me be clear, we needed to pull back, i am actually thrilled that we pulled back, we had ridiculous amounts of speculation, the big medical bank stocks went straight up. This is about as normal as normal can be, let me give you a little bit of good news, this week the dow is down almost 3 , the nasdaq is not even down a quarter percent, that tells me the Risk Appetite is starting to get a little bit on the heavier side and i will tell you that very often since 1987, october we have seen lows and bear market and we have seen lows and the good correction, i am hoping for one, i always look for one and im hoping for one and i think theres a good chance especially i am seeing real good support holding a lot of Technology Names and some of the conductors here. Hopefully october is ready to come. Neil jack, looking at the election the results will be delayed certainly given the mail and balance, i think the looking of 100 million of them. The fact of the matter is, Goldman Sachs is not going to be a crisis, i dont believe they were talking about the market response but they might as well have, how would the market handle an election whose outcome could be delayed weeks. Neil, it is one variable of a number that creates some certainty for the markets right now, i think the election is going to be very important, not just who ends up being president but you have to look at who we can hold the percentage of that might be delayed until the Runoff Election in georgia an early january, going back i think the most important thing for the market are the war that we are in between the pandemic and the policymakers, the policymakers have been winning for a while but i think the pandemic is going to get some foothold because to me were see the equity market basically the market vigilante telling the policymakers that you need to step up and do something and there has been a reluctant by congressman in the administration to do anything. Im a little more worried the equity could not have a full sale or selloff in october but have a message that you need to start doing something. Neil i still think, i could be very wrong that the virus and its course will have more to dictate this election than any of the other issues, i could be wrong and that ill never say that i said this. But i am curious what you make of canada signing a deal to buy up to 20 million doses, just coming in of the covid19 vaccine, canada from astrazene astrazeneca, this is coming from the office of Prime Minister justin trudeau, afte astrazenece protection in europe, particular in the uk that will shield it if there are problems with this, i dont know if the same was done in canada, but it does seem to speed the notion along that a vaccine could be coming before the end of the year, how does that change things. Everything changes if that occurs, i was in Orlando International airport, it was a ghost town even though it is up from the last six months, it is vital that that gets done and i will tell you something i saw this morning, this week we had a record amount of testing in the United States, 900,000 over a seven day average, that is a good news, but again everything changes, the cre the cruise Line Industries dead, airlines about 40 here in central florida, tourism coming back slightly but still 75 below last year, if you get a vaccine that works and we get back to normal, i think you have an economy that is really pinched up, not spent up and we can get going again, fingers crossed on a daily basis for that. Neil we want to thank you both very much, we will look at the notion of what defines pain your fair share, i got into it with the House Majority and i had a devil of a time getting a simple answer, what would decline, the rich pay their fair share and all of that, possible answers. 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I have no idea what the fair share is, i know experts can make the determination and they are determined that the upper 1 is not paying their fair share, we have to study all of god, in order to determine what the background ought to be and i have a fear sure that we will come to the conclusion, right now were talking theoretically, the upper 1 needs to pay its fair share. Neil what is fair share, thats all im asking, tell me. When we got down as low as 20 with Ronald Reagan and they wanted to bring a backup, and deal with below 30, that was deemed at the time to be the fair share. Then we brought it up to 35 , that was deemed to be the fair share, then we got it up to 39. 6 , that was perfect money there, i heard from Chuck Schumer, that is finally a fair share, then we hear new jersey in the Legislature Just voted on this to raise the top rate in that state to ten and three quarters percent, that is on top of nearly 40 federal rates, that is over 50 combined taxes and even that we are told it is not quite the fair share, i am often reminded by guest to come on the show what the top rate used to be 90 , we have a long way to go, yes indeed we do, but will that be a fair share i suspect until its 100 and will not be a fair share, but again that is just me, i just want some consistency on all of this. Dan henninger joins us right now, great writer, Editorial Board member, fox news contributor, i just need a straight answer, not from you, you always give me a straight answer that many of these on the left for the arguing of the rich paying their fair share, does that mean pay more taxes and for going to cut spending and deal with the fixed entitlements and cost and pensions and things like new jersey, it might even before but its a moving target but its a constantly moving target. You were just saying if youre simply looking for consistency on this and i say abandon all hope ye who seeking consistency on fair share, you will never going to get it. What is striking, the arguments on the behalf of fair share invariably is always made by democrats. In the clear implication seems to be that weve arrived at a social consensus about the idea that a fair share implies support for all of the democratic progressive spending goals. Such as subsidies for eliminating fossil fuels, such as universal healthcare, such as spending money to bailout the pension obligations of states like california, new york, illinois and california and their healthcare obligations. Basically it is progressive spending, these are conscious political ideological decisions that have been made. Where is it written that paying for them is a fair share. One of their goals is currently to defund the police so that that money can be transferred to other domestic spending needs, i particular you do not want to pay my fair share to defund the Police Department in cities across the country it is a wholly political idea that they have wrapped fair share which ultimately does not mean anything other than supporting their ideas. Neil is also happening and what states are doing progressively close those budget gaps especially the 44 that have to submit a balanced budget every fiscal year, new jersey has pushed back to accommodate the pandemic and all of that, they will throw it on the backs of the welltodo, they are doing just that in new jersey in new york and there during that california, this money that youre going to have might not pan out, i remember when illinois had a surtax of the millionaire and in that fair share argument, and make a Fair Assessment of that money wondering. I think that they probably do ultimately, its so interesting that new jersey has just gone ahead and passed the higher income tax rate 8. 75 making new jersey the canary in the mineshaft, we will see what happens. I assume that people will be moving out of new jersey as a result under current economic circumstances but look just north of them in new york, new york state has a deficit of 13 billion, the city has 9 billion in the metropolitan authority has a deficit of 12 billion, they are looking for a federal bailout, essentially what that means i