Strong gains and this morning you will see that there are green arrows once again, the dow indicated up by about 88, s p by about 9 1 2 and the nasdaq indicated up by 48 points if you watched what happened in the treasury markets, we did get a lot of fed speak and it sounds like there is a little bit of confusion. You can see the ten year note has ticked up a little bit, 0. 769 is the latest yield andrew and lets take a quick look at the dow transports, gaining another 2. 5 yesterday, also hitting a record high, the two as to beings to watch this morning, eli lilly and he regeneron both big winners on Covid Treatment hopes. And President Trump touting both of those in a video that he released over twitter late yesterday. Well tuck a lalk more about th. But also take a look at shares of tesla, new Street Research upgrading that Company Stock to a buy saying that to sees a decade of hyper growth ahead, this call makes the firm the second highest priced target on the street so in lead with pwhat they thin, but not sure that it is a straight bet on the same with electricity. And last night in salt lake city, Vice President mike pence and california senator Kamala Harris faced off in their one and only debate before the elections. They sparred on the economy, jobs, china, taxes, health care and the handling of the pandemic the tone though from last nights debate quite a bit calmer than the first president ial debate. Lets start with a sound bite on china and jobs the president s trade war with china, you lost that trade war. You lost it. What ended up happening is because of a socalled trade war with china, america lost 300,000 manufacturing jobs farmers have experienced bankruptcy because of it we are in a manufacturing recession because of it. Lost the trade war with china . Joe biden never fought it. Joe biden that been a cheerleader for communist china the last several decades joining us now with his takeaway is frank luntz. You were watching last night with a focus group what did that group think . They thought that mike pence was the clear winner, which is very different than what happened in the first debate they felt that pence was calm, cool and collected, they had an issue with how Kamala Harris communicated and as im listening to them, the tone andor last nigh was what the American People want they talk about where they stand, but still some complaints with our undecided voters that they are not specific enough about the future, that Kamala Harris spent too much time prosecuting the Trump Administration and mike pence spent too much time defending the Trump Administration they want to know exactly what they will do on jobs, what they will did on taxeo on taxes and number one question, what will happen with the Supreme Court. Will joe biden try to pack t Supreme Court. Mike pence good an youdid an yon job making that an issue and that shocks me the idea that the Supreme Court would resonate nor with undecided voters it wouldnt surprise me if they were hard core voters who knew that this is the issue they were going for. But for undecided, i would have guessed that the Biggest Issue would be the economy i agree and if you notice what pence did, they go through the give and take and this is the impact of the debate, tlsz suppose edso change peoples perspective. You cant give mike credit for winning the debate, you have to give came maam Kamala Harris f losing it. It did not do well for al gore back in 2000 and it did not sit well with voters with senator harris in this debate. Voters probably looking a little bit more for a return to more president ial behavior, not liking some of those things. But lets show you a clip about what they did say about the economic rofecovery. Mike pence used the opportunity to go after the Biden Campaign more taxes, more regulation, banning fracking, abolishings forle 2350 forles for sld fue s fofossil fa prescription for economic decline. President trump and i will keep america growing. The v shape recovery under way right now will continue with four more years of President Trump. Frank, what did the panel say about the responses to the economy and what they heard from each candidate the issue about the economy is they dont think that it is as good today as it was back in march. They are concerned about the jobs coming back but they did not hear a plan from either candidate about what they will do to bring those jobs back no details im waiting for the candidates to look people straight in the eye, look the American People straight in the eye and articulate step one, step two, step three mike pence did a better job this debate than donald trump did a week ago in explaining and doing so in a president ial, Vice President ial way the approach that they have taken up to this point but i want to be cleerp about thi clear about this, voters are not looking backwards, they are looking ahead. I know what handled the ne lastr years, so tell me what is happening the next weeks and months and next four years and frank, how voters think about the truth versus the presentation i absolutely agree with you that the disposition and demeanor with which senator harris carried herself relative to Vice President pence, Vice President pence would clearly be the winner having said that, listening to the actual answers, listening to the answers of how they are answering questions or, rather, in certain cases not answering questions, or answering questions with untruths, the question is, does what is actually coming out of their mouth matter well, it matters, but an tdrw it is not just hearing what they have to say, it is watching them and how they say it. And if you are dismissive, if you reject i know this is a show about money a show about finance, a show about the economy. But every time i do these focus groups, undecided voters, and they only represent 6 of america, almost everybody has made up their minds by this point, they are looking at the total candidate, not just where they stab on the issues. And they are not reading the wall street journal or the financial times, what they are doing is watching to see whether or not they can trust that individual and mike pence did extraordinarily well in that never got agitated, never got flustered. A complete difference from the first debate that our focus group thought that joe biden won because they thought frankly that donald trump was not acting president ial and was everyone abusive to the Vice President frank, i would never say alternative facts. I know someone said that one time, i think it was Kellyanne Conway but there are weighiare ways th take numbers and facts and you will skew to one id or over the. And hearing senator harris talk about the manufacturing issue. I mean, i guess it is in the eye of the be holder whether it is true or not, but our Manufacturing Sector was decimated the last 20 years, whether it was offshoring or whatever it was, but there was definitely some return of manufacturing jobs based on the way that the tax bill brought certain repatriation, so who is telling the truth . I mean, it is in the eye of the beholder which candidate is i see it all the time in the Mainstream Media well, we dont need to fact check the left because they are not lying, we just need to Fact Check Trump because all he does is lielie. And both sides have some whoppers i saw biden talk about manufacturing, it was false in my view. And so you can rebut, but hurry up because it is coming, i can see it in the spy cam. Anyway, go ahead it is coming because it is responding to what the voters saw. Because they saw the debate. And i go back to paul simon wonderful line from a song, a man hears what he wants to hear and disregards the rest. We have people voting for joe biden when they walk the into that room, when they walked in to our zoom, who left voting they have didnt change their minds, but they left believing that mike pence is more president ial and it is not necessarily about the policy it is about the presentation it is about whether they look you straight in the eye, it is about whether you are rude i cut you off, and they would not have liked what i did. It is very clear that mike pence won that debate. This is exactly what happened in 2016 donald trump was losing, he lost his first debate, mike pence level set it and then trump came back donald trump is not by a significant amount right now frank, i dont disagree with you. I think that the Vice President mike pence as i said to you, from a disposition perspective, if that is how you are looking at it, he looks you in the eye, he looks like he is telling you the truth. However there is sort what im worried about, there is a false equivalence is city because he would say dare i say untruths both about the Trump Administration itself and also untruths about the Biden Administration that is not to say that senator harris did not skew some of the facts her direction at all, but there were things that were said that were just the opposite of true and what i dont understand is how you think the public especially those in the middle who are trying to come up with an a answer conceive or think about that or is it that they dont know what the truth is the answer is they may not know what the truth is, but they are not ideological like you guys are they dont have the strong philosophical underpinnings. To them, the character of the individual we asked this specific question. What was more important to you honesty and fruit truth or polih as taxes and budgets and health care and covid and almost to a person, not unanimously, but almost to a person the honesty and integrity was more important and to their perception, somebody willing to listen to the responses, somebody willing to in a calm relaxed way, willing to explain where they stand, willing to take criticism and then explain why it is unjustified, that is the person they are looking to vote for and remember, when you are watching a Vice President ial debate, you have to judge not necessarily where they stand, but are they ready and capable to step in these are two old candidates could these two individuals be the next president and as they were judging them that way, they judged Vice President pence better than senator harris frank, are the it seems to me that people think that the lefts truths are truer than the rights truth. They say it with a straight face it is amazing to me. Without any sense of irony or self introspection at all. I just im flabbergasted when i hear it. It is almost like, well, wait a second where does that come from in. You guys are setting irss up to a very contentious morning. It is like i feel like im mom and dad and i have to separate you. All right becky has another sound bite actually, i have 00 quick question i looked at your focus group how did you choose them, how many people, is it rehe neflecto where the undecided voter is and how accurate was this four years ago listening to these type of focus groups so the second debate when i said on cbs news that donald trump is back in the race, i got challenged by at the time cha charlie rose, nora odonnell, i even got a phone call from les mun dez, are you sure about that trump performed so well in that second debate that he had come back in to the race and he was now credible again i say the same thing about what happened tonight these people 15 individuals, all from swing states, all undecided voters maybe three or four of them had a point of view. And in fact if irn to go back at it again, i would have thrown a couple of them out because they truly werent undecided. But from that segment of the population, eight of them walked in with a narrow advantage for donald trump seven of them came in with a narrow advantage for joe biden virtually all of them, all but two of them, felt that mike pence won the debate im willing to go out on a limb and say that he did. And he did not because of what he talked about, but how he communicated lets listen into what the candidates had to say about the issue of tax cuts as well. The truth and the fact is joe biden has been very clear, he will not raise taxes on anybody who makes less than 400,000 a year he said that he would appeal the President Trump tax cuts im speaking. Joe biden will not raise taxes on anyone who makes less than 400,000 a year before he has been very clear about that now, it is not just it wasnt just about the issue. And pence challenged her and the public believes that the Biden Administration is going to raise taxes on people who make less than 400,000. But that wasnt what got peoples attention when she said to him im speaking and she has that smile, i will tell you that she was very well prepped in terms of the language that she used, very effective but she was not well prepped and not well served in terms of how she presented. You saw her reaction almost lining a laugh, im speaking, you knew that that and she did it twice during the debate, you knew that line had been rehearsed. For undecided voter, authenticity matters so much, and they did not find her authentic. Frank, inthat we do have a sound bite from the focus group too if we want to play that to hear some of the things that they were telling you. Lets listen in. In one sentence, tell me about tonights debate laura, ill start with you well, i didnt really learn anything new we already knew about pence sort of coming in and i didnt learn a whole lot about Kamala Harris tonight. A couple little questions that i would have liked to have heard answers to, namely the court was a big one for me disappointed, i still couldnt get some of the questions ive been looking for answered felt like i was in an older election, like politics of yesteryear im concerned about what im going to do for the collective whole, im concerned i felt like it was a bust the stuff that i wanted answers to, the questions were asked, but there were no answers. Like the Supreme Court i have a feeling that that is our consensus, that you really wanted an answer from the california senator are about that, but you didnt get it. In one sentence frank, i think part of the issue is feeling like you dont get the answers coming from the questions that have been asked i doubt that that is something that is unique to this debate, but has that grown, is it more problematic or is this just more of the same . You are correct to point that out. What was skepticism is now cynicism where they would be annoyed that they didnt get an arranges now they just assume that the politicians dont answer them and they assume that the politicians arent telling them the truth. And that is why that authenticity, the Integrity Matters so much. This is not for the last 26 days of the campaign, this is not going to be who will raise your taxes, it wont be about the specifics in health care, who cares about you. Who empathizes with you, who understands you. To me this is 2012 rather than 2016 it will be about who gets you, who understands your pain rather than who can fix it. I think that last bite, if you rescind the trump tax cut, there will being tax increases on people that make less than 400,000 now you, i dont think that the new taxes hes proposing are for people that make less than 400,000 but included in the trump tax cuts, there were maybe if he rescinds the trump tax cuts he just does the Corporate Tax or does, you know, maybe he puts in doesnt repeal the law en masse. Takes out certain things that would leave taxes the same on people below 400,000. But if you just purely rescind those tax cuts, it would raise taxes on people. So you can see how both sides are saying truths but they are spun in a way that they can both claim to be true andrew, is that not true joe, ill do you one better ill do you one better one of the things that the Biden Campaign has said is that they will raise the Capital Gains rate right and if you raise the Capital Gains rate, it doesnt matter whether you make 400,000 or not, that Capital Gains rate at least for some people over the 20 threshold is going to go up. So where is the truth put that in the lying category so where is that is all im saying, they are not alternative facts, but there are ways of massaging the facts to your side of things that where you almost can make a Statement Like she just made the statement, no one under 400,000, senator harris and that is is it false i mean he, it kind of true because he doesnt want new taxes perhaps, but it is not really true if you consider Capital Gains and some of the other i dont know. That is why none of us ever will run for office it takes a special person to go do that i think. Let me jump is this because you got two more debates to go the public is asking for specifics. And this is a lesson for donald trump. They do not want his behavior in the first debate all the polling showed a widen of joe bidens lead in the swing states, in the country and number two, trumps negativity, the people who dont like him actually increased even though we know what he is all about because he has been president for a while. And number three, as you show on the screen, the bedding odds are going up for joe biden every single day this is a wakeup call to the Trump Campaign that if you deliver a message the way mike pence delivered it, if you are straight forward, if you dont insult, if you challenge as mike pence did without being rude and offensi