Developments today. Finally an update. The first day after four consecutive down days and losing more than 1700 points this week. Optimism about corporate earnings, were going to get some big ones very soon. Also some optimism about possible vaccines and or treatments that might be ready for emergency use in a matter of weeks. So much we dont know. This much we do. Its a web song back and forth on not only the number of people who have already voted close to 80 billion now, but the number of people who are now looking at the issue like the pandemic like an brooding economic numbers, a record surge in Economic Growth the latest quarter. Weve never seen anything like it. And it came after a quarter that was a record drought. We never saw anything like that either. So much going on. Thats get there read from john roberts traveling with the president of the United States. Is just another thing in his 2020 Election Campaign that we have never seen before. They gdp up 33. 1 . This is something that the president has been saying for months now would likely happen. Hes been talking about this idea. A sharp vshaped recovery, joe biden has suggested that it is a k shape recovery. Others said it will be at w shape. 33. 1 . Could be an indication that if we do get these therapeutics, if we do get a Coronavirus Vaccine sometime in the next few weeks that the economic recovery could continue. Here in tampa where there are thousands of people who stood out in the burning sun, and thats florida 90 degrees which is 100 degrees anywhere else. For hours to hear the president. He said that he was very happy with the economic bounce back in the third quarter. Listen to how he put it. We are doing great. Did you see the number today . 33. 1 gdp, the biggest in the history of our country by almost triple, right . Almost tripled. This explosive Economic Growth is four times is greater then what the experts expected. They expected a number that would be 7 or 8 . The president said that he wouldve been happy with 12 and came in at 33. Whether or not we continue in this recovery will depend a lot on these vaccines getting approval. Two of the Biggest Companies who are making these are expecting that they will have emergency use access probably sometime in december. They cant say the exact week. The president also taking note of the fact that jobless claims this week off last week actually, the jobless claims that were announced this morning were at 7month low. A 751,000 people filed for firsttime unemployment. It was expected that that number would be 780,000. Thats adding to the Economic Optimism as well. Look at it, yesterday the optimism was down. Today, the optimism is up. Tomorrow it will be back out again. I can until he really get a handle on this virus and those numbers keepin keeping up in soy states in particular. Battleground states at the president has to win. I think we are going to be on a rocky ride for a little while again. You are not show any worse for the wear. I dont even see a bead of swe sweat. Can i tell you something . Can i tell you something . The other day we were and 36degree rain in lansing, michigan. Give me this any day over that. And just as a reward for being here today, we are headed for green bay where its going to be a high of 36 tomorrow. You take it when you can get it. I dont know. Heres how weird i am. I like the Colder Weather better. I would take that end of the bargain. Amazing job. Thats fine. You are not showing it. Not a bead of sweat. Its a good thing im not there. In the meantime following team biden right now, theyve been taking a look at the same economic data, the same reports, the same announcements of cases and all that. At a slightly different view of all of that. Jackie and tampa, florida. Hey, i can attest to this also hot here in tampa. Joe biden just wrapped up in Coconut Creek about an hour ago. He was introduced by the parents of oliveira, a student who was shot and killed in the Parkland School shooting. He said that he knows the loss of losing a child. He knows what that feels like. He immediately segued into remarks on coronavirus and the laws that thousands of americans families are feeling today. He rebuked President Trump for hosting super spreader events. This morning North Carolina events announced two people that attended the rally last wednesday tested positive for covid19. 23,000 people attended that rally according to local media. The Public HealthDepartment Said because of the large number of potential contacts from the rally and inability to alert them directly, they had to notify the entire community to monitor for symptoms and get tested if necessary. He contrasted his own approach today. The super spreader event that he is spreading more virus around the country and here in florida today. Hes spreading division in addition. Division and discord. Me and a president whos going to bring us together, not pull us apart. He also had the positive economic report saying this is a k shaped recovery where it gets worse for people at the bottom. He rode yes, gdp rose last quarter. Poverty has grown. Asking americans and latinos say double digit unemployment rates even with todays report, gdp still remain 6,000 per household below precrisis level, payrolls are down by 11 million workers and 23 Million People are claiming unemployment including 750,000 new claims last week. At todays report is not a victory for those families. He is heading out to tampa where his hosting at their drive in raleys butte they started letting in cars here behind me. Both of his events today were in counties that Harry Quentin won in 2016 indicating that these stops are about driving voter turnout spirit all right, thank you very much for this. We told you earlier about the strong thirdquarter data that show the economy sprinting ahead at a 33. 1 annual pace. They were looking at something in the vicinity of 31 or 32 tops. This is the mirror opposite of what we had the Second Quarter when we were kneedeep in a pandemic. The file. Weve never seen anything like this, let alone the soaring quarterly data or the latest quarter. Pretty good size for the last quarter of the year, the one we are in right now. It wont grow like this but they are expecting growth anywhere from 4 to 7 . That wouldve been unthinkable back in the worst days of the pandemic. As something that president has been pounding but joe biden has been saying its too little, too late. Thats get they read on allow this. Weve also got with us the global president of a firm named after her. And isaiah, numbers variety of ways. We came after a horrific Second Quarter, but we did erase it all coming into the third quarter. Thats not how they gdp data it works, but it is an encouraging sign that the trend might be the economy is chan. Lo and behold we get the latest cases that had some folks worried. What is the reading you are getting from folks youre talking to . Good news at the economy is going on the right direction and their president a republican should be talking about it. Polls show that the president leaves on the economy is one of the very few issues that voters have given him the edge on. At the same time, joe biden is pointing out that while its going on, there is still disparities, people are still going online for about food banks. It really depends on how you are looking at the numbers and coming into sort of whats next. And also 73 Million People have already voted. Seeing these gdp numbers may change a few minds. A lot of people are voting on whats happening to them in their pocket book at the Kitchen Table and looking at a number and looking at Economic Growth might maybe help them but maybe not. I think it really depends on how youre looking at these numbers. Speaking of numbers, we follow corporate earnings. And there, without going into details right now, after say that amazon and apple and google and alphabet, twitter mixed numbers there. By and large, all are better than expected. Most of those stocks are surging. These were closely scrutinized because they continue a trend that we have seen with these earnings released that they tend to be better than expected. More than 8 out of 10 earnings that had come out have been just that. This obviously is that prior quarter. Many of them are guarding optimistically for the quarter and the future. Not everyone, but it is a clear trend among these guys to say, we see things picking up. What do you see . Ride, amazon blowing past earnings estimates and the nasdaq leading stock market higher today. A big down day yesterday, the nasdaq was up. It is very important because these Technology Names have led the stock market higher during a pandemic. As covid19 is still a threat to Economic Growth, these tech names really, we depend on them and we count on them for their leadership. This is really great news that i think the stock market and the economy can even had higher especially on that fantastic gdp report this morning. We locate company earnings. It is a Rearview Mirror. It is looking how they did in the most recent quarter. Its almost more than a month old. Im wondering about what ceos are saying. They are on the front lines of this. Some of them are not saying much. Some of them are stating the obvious, we dont know. Microsoft, we dont know how these things look. Beating the traditional estimates but not quite sure how things are going to go in europe with this vaccine cases. Or for that matter, asia. This back and forth i think kind of reflects whats going on in this country among voters. What do you think . Absolutely. We dont know. Around the world, the coronavirus cases are charging back out there. Searching here at home. We saw the full shutdown, the hardest hit of the economy in the spring and has been improving since then. Weve been seeing those numbers go up. But we dont know whats happening next. You talked earlier about the possibility of vaccines coming. That is a point of optimism to look forward to, we are also seeing cases. I think looking forward, businesses dont know what to plan for. Are we looking more like what it looked like in the spring or will it be sort of a more measured shutdown . Can this virus get under control . We dont know. If this is an election, we dont have any closure on Election Night. Im wondering how you sort of play that. It goes on for an amount of time. There is no immediate closure on it. What is the impact even for the markets, let alone everyone else waiting for results. You really can. Is someone out there that has a lot of cash on the sidelines, the best advice would be to wait until he have a winner and a clear result. This may be the first Election Night everywhere we dont, as you said. The stock market will continue to soar higher. There is just a stark contrast with taxes, deregulation, energy policy. And in so, there is a lot of uncertainty. There always is uncertainty. I think if youre in the market, you stay in the market. If not, you sit tight and wait a little bit. I want to thank you both very much. It did disrupt what had been on selling streak with a gain today. A little bit more on amazon. I was telling the granddaddy of the big tech names reports better than expected. Earnings coming in betterthanexpected. Not much better than expected. Again, amazon is among those companies that is planning for a robust future. Its going to hire a hundred thousand workers to handle demands. Thats optimism there appeared a little bit more after this. [ thunder rumbles ] [ engine rumbling ] [ beeping ] [ engine revs ] uh, you know theres a 30minute limit, right . Tell that to the rain. 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Com promo a livcustomizeper iquickbooks for me. Okay, youre all set up. Thanks that was my business gi, this ones casual. Get set up right with a live bookkeeper with intuit quickbooks. Neil were waiting on Philadelphia Press conference on the very latest to control some of the violence and protests that have occurred in the city of philadelphia says that shooting of Walter Wallace, a black man who has gone down wielding a knife back on monday. We are told that his family has seen the camera footage, the body camera footage of his killing. They are eager to see that shared with the world. I dont know exactly what the plans are right now. We will get the latest in philadelphia with a very latest. What are you hearing . Yeah, we are very eager to see that video as well appeared more on that injustice i can. I want to talk about this curfew that will no longer be in place. It appears it is because that 9 00 curfew did work. We only saw two or three stores looted like loren taylor that you are seeing right behind me. We saw some broken glass on damage, but nothing like the looting that we saw on monday and tuesday night. Police also found a van containing lowgrade explosive litters have been using explosives to try to break into atms but police have not linked those two things togeth together. More than 50 officers have been injured over consecutive nights of unrest with the National Guard due to arrive later this week to assist them. The u. S. Attorneys office came out today warning leaders that they are going to face the same fate as those now charge for the riots after George Floyds death. Listen to this. There is no right to lie it, loot, rob, commit arson or destroy. If you engage in violent civil unrest and you commit a federal crime in this district, we will come after you as hard as we c can. Today, Walter Wallace jr. s family viewed Police Body Cam footage of his death having a News Conference as we speak. The familys Attorney Says the footage showed him, a man in distress. He also heard several people shedding an officer hes mental. He and the family are maintaining their belief that officers failed to handle that situation appropriately. The attorney also expressed his disappointment, his dismay at the media has not yet seen that footage. He was hoping that we would have seen it before they held that News Conference this hour. We would be able to ask the right questions, have a conversation about that video. He believes that it is incredibly important for everyone, the public to see that body cam footage. We dont have a timeline yet when we are going to get our hands on that. You mentioned that no plan to her curfew tonight. Obviously protests, demonstrations can continue obviously. Police are thinking that if they dont get to violence her out of hand. Yeah, that is the hope that things start to calm down now. I think that the curfew helps. A heavy Police Presence in the hardest hit areas also help. It the National Guard has been called in. They are expected to be on the ground here by friday or saturday. Hopefully thats going to deter the looters who have been kind of working in small groups kind of a playing this game i heard someone say wacko mole. Its hard for police to chase them down because they dont really have a plan. I dont know where they are going to hit. They are hoping that we are going to have another night of home and that its going to continue that way hopefully through the weekend here. All right, thank you very much. Good job keeping us updated on that. In the meantime, do you remember when those big three tech ceos ads on google and facebook and twitter will before a Senate Committee trying to explain what is perceived to be a bias against conservatives . All of those guys earnings are out today. They are making money hand over fist. There companies are literally printing it. I wonder what the inquisitors have to say about that. Ohio Senator Cory Gardner is next. Its true, i will rescue you oh, i will rescue you gimme five, good job all right isaac, good to see you. How are you, man . Nice to meet you mr. Vice president. God love you, i just wanted to say hi. Well i cant preach like you guys can. America is a place for everyone. Those who chose this country, those who fought for it. Some republicans, some democrats, and most just somewhere in between. All looking for the same thing, someone who understands their hopes, their dreams, their pain to listen. To bring people together. To get up every day and work to make life better for families like yours. To look you in the eye, treat you with respect, and tell you the truth. To work just as hard for the people who voted for him as those who didnt. To be a president for all americans. Im joe biden, and i approve this message. 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