1. 9 trillion. Also some comments on timing. A a lot of comment from the white house. Tesla is the stock afterhours. Trying to eke out gains. Looks like it will. Ahead of Earnings Report we expect to come out during this hour. Well cover that. Analysts look for any sign that tesla meets delivery target fore2020. The number to watch is 500,000 vehicles. 500,000 on deliveries. Remember that when tesla comes out. Today our swing state economy series brings us to south st. Paul, minnesota. Weve been speaking to people on the ground as President Trump wants to flip this state red. He has less than two weeks to do so. Well hear about Business Owners and how the economy impacts the vote. Were ask our host, with a local business running here since the 1800s at the same location. How they weathered the pandemic and over times. They make fire hydrants and Fire Suppression equipment. Real interesting american company. Well talk a lot about that later in the hour. Fox Business Team coverage of our top stories. Lauren simonetti watching it tesla, blake burman at the white house, Hillary Vaughn is on the scene at the president ial debate in nashville set for tomorrow and Edward Lawrence from the white house. A lot on the stimulus talks. What is the headlines, blake . Reporter a lot of headlines, connell. Well boil it down into three of them. The longest running political series phone call still occurring potentially at the moment, nancy pelosi speaker of the house, treasury secretary Steve Mnuchin set to talk once again this afternoon. 2 30 was the time of this phone call. As of yet we have not received a readout what happened on the call though some big outstanding issues will be made. What is the state and local funding component look like. What might Liability Protections look like. Headline number un, phone call. Secondly earlier, today, up on capitol hill, the white house chief of staff mark meadows met with Senate Republicans to talk about where things stand with the negotiations and potential relief package. Remember, if pelosi and mnuchin are somehow able to hammer something out it, would still have to run through the senate to get over here to the president s desk. So afterwards, i asked the white house chief of staff, how that conversation went. I want you to listen here closely. It seems as if he was conveying some frustration from Senate Republicans. Watch here. Secretary mnuchin and Speaker Pelosi are speaking right now. I spoke to him half hour, 45 minutes ago, im still very hopeful and very optimistic were making progress and yet, you know, our Senate Republicans are starting to get to a point where they believe that she is not negotiating in a fair and equitable manner. Reporter i think you can sense some of the frustration there, connell, at least the third headline, Senate Republicans or Senate Democrats blocked a 500 billiondollar bill that Senate Republicans put forward for a relief package. Remember the white house and nancy pelosi are negotiating on a number 3 1 2 to four times that amount. Mark meadows today, connell, referred to it as a 1. 9 trillion package. They had been talking about 1. 8. Now theyre saying 1. 9. Seems if theyre coming up a little. Either way the conversations continuing. Connell . Connell yep. Thank you for sorting through all of that, blake. Bottom line, no deal. At least not yet. Get to Hillary Vaughn in nashville. President trump and joe biden, headtohead to go through the city with the big debate tomorrow night. Hillary . Reporter connell, even though at certain points tomorrow night the candidates microphones will be muted after the initial question and the two minute answer period that each candidate will get, it will not stop them from going after each other on the issues. The Trump Campaign says part of that irstrategy tomorrow night is to let biden talk. Senior Campaign Advisor jason mill are previewed some of the topics trump wants to talk about tomorrow night. On top of the list, cornering biden on Court Packing. He is expecting to drill biden on past flipflops on the issue of fracking. Trump debuted at the rally last night, he called it a original trump broadway play, bidens past comments on the issue you. He hammered bidens tax plan. It is turning off some in hollywood like 50cent. He wants to hit him on overseas business dealings that biden brushed off, and Court Packing calling them distractions what he plans to talk about tomorrow. The president s handling of the pandemic. Bidens Campaign Says its a losing strategy to bring up hunter. They want to talk about job loss and a slow economic recovery. And senator harris previewed earlier today how her running mate is preparing. People want to hear how well help working people get through the end of the month to pay their rent. That is what people care about. You know one of the things i love about quo biden, he doesnt take on or talk about other peoples kids. Reporter bidens wife, former second lady, dr. Jill biden was on the view today. She said tomorrows debate is not about her husband, joe biden but it is about the American People and that is a strategy that we saw at the first president ial debate where biden repeatedly ignored what was happening to stage right of him with President Trump interrupting him, tried to speak directly to the American People by looking directly at the camera. Connell . Connell well see what type of a changes they both make tomorrow night. Hillary, thanks. Hillary vaughn, nashville, tennessee. Were here in minnesota. Minnesota swing state economy has been bouncing back. President trump hoping to use that to his advantage. The Unemployment Rate peaked at 9. 9 . That was back in may. Now it has improved. It is down to 6 . That said, still uphill climb politically for the president as he tries to turn a state red he only lost 1 1 2 to Hillary Clinton four years ago. As we were driving around in a snow covered suburb in minnesota, the bidenharris signs were all over the place. Political activism was obvious. The black lives matter movement, wellrepresented here, after the killing of george floyd in minneapolis. Then after seeing all of that doing some searching there was one house in the neighborhood, you saw visible support for the president. There you have it, kind of shy trump vote up against vocal suburban opposition. Im voting for trump. Connell okay, why . I think he has done a great job. I think people are starting to wake up. It really feel like change needs to be done. Voting for joe biden and Kamala Harris. Connell tell me why, maam . I believe theyre the best positioned to pull our country back together. To make us a responsible citizen of the world. To lead us forward on new energy solutions. He dont think minnesota will be going for mr. Trump, President Trump. Joe biden, Kamala Harris okay, why. The election of our lives, to save democracy, to bring dignity back to the white house. Connell how do you think President Trump will do here in minnesota . I dont know. I think it is going to be close. He almost won last time. You know. But it, that is a great thing about our country. Everyone has their own choice. Connell really interesting here in minnesota. Similar demographics to some of the states president did win last time. It hasnt gone blue yet, going back to 76. Well watch it. It could be close. New coronavirus cases are growing at the fastest rate in three months. At least 15 states set record highs in terms of hospitalizations over the past week. Lets get more perspective on this. Edward lawrence live in washington. Reporter latebreaking news. Governor phil murphy walked out after News Conference because one of his closest aides tested positive for coronavirus. The governor got tested and he is negative. He is quarantining out of abundance of caution. Were closer to getting the first vaccine, the company having it approved, likely third week of november. On that front in local media in brazil a person in the astrazeneca study died due to complication of the coronavirus. Unclear whether the person got a vacs seen or placebo. Theyre looking into that. According to Johns Hopkins medical center, more than 60,000 cases reported in the u. S. Yesterday. That is the Third Straight day of increases. Markets are closely following headlines. It is also becoming political. Senator Kamala Harris the president should have told americans how serious the pandemic would be sooner. Right now in the midst of a Public Health pandemic, donald trump and bill barr are in the United StatesSupreme Court trying to get rid of the Affordable Care act that president obama and Vice President biden [cheers and applause] made happen. That brought health care to over 20 million americans. Reporter in an interview recently President Donald Trump said looking back there is not much he could have done differently with the coronavirus. Something the Vice President echoed today. Before the first documented case of Community Spread in the United StatesPresident Trump did what no american president had ever done before. He suspended all travel from china, the second largest economy in the world. [applause] now joe biden said that was xenophobic. He said it was hysterical but i can tell you joe bidens wrong. Reporter the Administration Says the distribution of a vaccine will be set up and finished early november. Still when the approval comes, governors of both new york and california are saying they will not take the word of the fda but will appoint their own experts to look at the data before allowing the vaccine to be given in their states. Back to you. Connell Edward Lawrence, thank you, live from washington. Fox business alert. Earnings news on tesla, that is the big news afterthebell Earnings Report were waiting. Headlines start to cross. Lauren simonetti in a moment will confirm all of this. The numbers, lauren joins us now, the numbers look to me to be better than expected on the headline figure i saw on eps. Tell me what youre seeing on delivery figures, something were looking at too . Lauren look at the stock reaction. Obviously investors like what theyre seeing. The stock is up over 4 . Adjusted eps, 76 cents a share. That was better than the 57cent estimate. Revenue pretty strong, 8. 77 billion. Also stronger than the 8. 36 billion that was estimated. Still looking through the release to give you the allimportant production and delivery numbers, we got a peek. About 139,000 for the Third Quarter reported earlier. Well see if there is any update to that in just a bit. Connell . Connell lauren, thank you. Jonathan hoenig joins us for some Quick Reaction to this from the capitalist pig hedge fund, Fox News Contributor as well. Delivery numbers always important for tesla. One of the headlines crossing said they have the Capacity Installed to produce and deliver 500,000 vehicles which is the round number analysts were looking at. Headlines in terms of earnings look good. Then the question of course for someone like you comes down to valuation when youre assessing whether you want to invest in tesla which has been the craziest of stocks over the last year. What do you say . Valuation, it was skyhigh even before the blowout earnings, connell. Great to be with you now. It still rests somewhere near about 1000 times earnings but it is not stopping the stock from trading up about 12 afterhours. Look, this is a growth, unicorn story, that keeps on going. I mean this stock was already up 400 yeartodate even before these unbelievable blowout earnings. This is it. Teslas sixth straight profitable quarter, really crushing expectations. Connell were all starting to wonder will this stock be included, will this company be included in the s p 500 . As always with tesla you have to read between the lines. 331 million here is Gaap Earnings but about 400 million are earnings are actually those regulatory credits. So as always analysts are looking at tesla with a bit of a skeptical eye. That is not stopping the stock by what all admit a blowout quarter for tesla. Connell i have to say on the s p part i was surprised, a lot of people were, they didnt join the index. That seems like a matter of when not if, right . You keep delivering on these figures enhough obviously questions about valuation and hold that thought for a second, jonathan. I do want to bring lauren back for more details on the numbers. Well continue the conversation real quick. What do you see, lauren . Reporter speaking of the s p inclusion, if it is included in the s p 500 it will be the ninth biggest component in the index but looking through the report everyone is talking about can the elon musk goal of 500,000 vehicles be delivered this year, can it happen . Well get more when we hear from elon musk in about an hour on the conference call. We dont know which elon will show up. The one who kind of underestimates or the really bullish one. We do know that tesla says that they have the Capacity Installed to produce and deliver 500,000 vehicles this year. So that should be assuring to investors saying can tesla do it . Basically the number needed in the final quarter of the year to do that would be around 180,000 vehicles delivered but, look, guys, as we saw yesterday and today, gm is now a big player with the electric hummer in this market. Yes, more expensive than the tesla cyber truck but it is cool. It has got great features. You have the small competitors. You have got your big competitors and you have tesla which is, they have the advantage of being first here. Connell yep. They do. Jonathan, quick final thought on that. To me the way i read if you say the number is 500,000 i have the capacity to do it, you say were good with that. I think that is the way the market is reading it as well, right, jonathan . It is giving to as lauren alluded to, connell, tesla that valuation premium. Reminds me of the early days of internet booms, there were a few internet stocks, like yahoo , that got the internet premium. Tesla by all measures is getting that ev, the electric vehicle premium as more Companies Continue to go online, bmw, porsche, others coming out with their own versions of ev vehicles. Tesla will make more money but will the premium sustain it in the months and quarters ahead. Well have to wait and see. Connell well talk about that gm car a little later. Lauren, one quick add before we wrap . What do you have. Reporter average selling price for a tesla vehicle declined slightly in the quarter. Theyre able to produce them more efficiently, bringing costs down. Theyre appealing to more people so you have different price points. Im not going to complain about a cheaper tesla, connell. Connell well thats good. You and i could afford one now, not just hoenig. Thank you, jonathan good to see you as well. Stock is up 11 bucks which is nothing for tesla. Theme parks under pressure. Californias new reopening guidelines could keep them closed until next summer. Well talk about the impact on the economy. Our coverage from battleground minnesota, talking to a the president of the Company Hosting us today. This company has been a staple in minnesota since back in the 1800s. Well get advice from other businesses how you work your way through tough times. The push to reopen gyms. We talked to the ceo Life Time Fitness to bring customers back across the country in the spring. Where does the company stand today . He will join us coming up next. We are really not as sensitive to when the state says the club or gyms can open or not. Were more focused on what the members think and what the team members think and are they ready did, confident that they can go back to an environment and be safe. With Liberty Mutual, so they only pay for what they need. False alarm. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Lets be honest. Quitting smoking is hard. Like, quitting every monday hard. Quitting feels so big. 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