Good morning, everybody. Im becky quick and welcome friyay were watching the equity futures. Three down days in a row, but the dow did make a pretty stunning recovery, down actually over 300 points after the numbers at 8 30 yesterday that showed that initial jobless claims were higher than anticipated. Ended down by 20 points at the end of the session this morning dow futures down about 13, s p s p are flat lining, nasdaq basically flat lining too well be watching this closely to see how people shoring things up you as we head into this weekend. And also take a look at what is happening in the treasury market the ten year which yesterday fell back below 7. 0 and now is 7. 26 . Lets talk about what happened last night. President trump and former Vice President biden making their case to the American People on dueling town halls i was sitting there with my remote going back and forth, both events focusing on the Trump Administrations handling of tGlobal Pandemic. Do you support herd immunity as a strategy, essentially just let people get sick . The cure cannot be worse than the problem itself we did the right thing we were expected to lose 2 million 200,000 people and maybe more than that were at 210 thourkts. O 210,000 one person is too much it happened because of china and you have to understand that. But it shouldnt have happened if you look at the original charts from original doctors who are respected by everybody, 2,200,000. There is a president ial responsibility to lead and he didnt do that, he didnt talk about what needed to be done because he kept worrying, in my you view, about the stock market he worried if he talked about how bad this could be unless we took these precautionary actions, then in fact the market would go down. And his barometer of success, the economy is the market. Well have a lot more on both of those town halls, including what each candidate said about taxes and some of it was actually pretty interesting. Well have frank luntz a little later to break down what voters thought of both of those town halls and potentially maybe how some of thereleaned one way aree other. And now secretary said that he wouldnt let mitch necconnell rejected an idea of the idea of another stimulus and last nights town hall, the president said that republicans would go along with the deal but that Speaker Pelosi was standing in the way i want a stimulus republicans will approve a stimulus the problem is she doesnt want to do it because she thinks that it is bad for her election the fact is, shes wrong because shes in our way, she is not approving it, she doesnt appreciate our people and she doesnt appreciate at all our workers. Nancy pelosi, we are ready to sign and pass stimulus and well get a live report from washington, actually from somebody in washington i think, but they will be in washington, and well get that report. Today is friday. Today is friday. A i. Friyay. It islike every week is a day, isnt it . I think every day is like a saturday or a sunday we should just be so excited about all of it. Youre such a teachers pet all right lets admit it, the days are long exciting, fun, but we all need a break just so we can make sure that we make it to next week too and pick it all up again an up date on the controversy over twitters restriction of disputed biden articles that we told you about yesterday the Senate JudiciaryCommittee Plans to issue a subpoena to ceo jack jack dorsey. Gop lawmakers accuse of interfering in the election. And twitters legal and policy chief said that the compan would change how it enforces sin rules using labels to provide context instead of removing on our restricting tweets and the 34r59 foplatform suffer widespread outage and returned to normal about 90 minutes later. Twitter said the problem was caused by an inadvertent change that it made to its internal systems and not the result of a Security Breach or a hack. Andrew well talk a lot more about that coming up though on the other side of this break, well talk about stocks lets show you where futures are as we speak. Well talk about the biggest risks to the markets literally right now, the dow by the way looks like it would open off about 21 points. Nasdaq looking to open up about 3 1 2 points and lets check out shares of hewlettpackarded entugh let p k hewlettpacka hewlettpackard. It says that transition is a significant opportunity for the remote work solutions. Secure connectivity and data analytics. U. S. Equity futures are relatively flat. S p and nasdaq within a point of the flat line. Lets talk about three big risks for the markets. Weve seen the rise in covid cases both here and in europe. Washingtons failure to agree to a new stimulus bill and a lot of uncertainty around the election. Our next guest says that the Options Market is finally pricing in the possibility of a blue wave but we may have come too far are too tags Amy Wu Silverman is joining us lets break that down a little bit. You think that the market is now factoring in this idea of a blue wave what do you mean, because the market has come down the last three sessions good morning. Yeah, you know, as of kind call it four weeks ago, the Options Market had what we would strike h. Descri describe as a hump so highest point was december 18 that chap occurs the december 14 date that state ele elect tors submit the building lots and that state is stub pobornly high and right about the time that trump got covid, we started to see that part of the options Structure Collapse and nowcollai think that it is underpricing the election and were talking about the onkts options, but none flts three major averages are even 4 from their alltime highs how did do you relate to what the options are telling you . Yeah, takes it is a good question the Options Market is giving you a sense of how investors are placing hair btheir bets if we see a greater amount of hedges in december or november, you know, it is not necessarily telling you where the stock market is today. But where the investors think the stock market will go in the future and we essentially went from investors feeling like there was going to be a lot of volatility expected in and around december to that part dropping off pretty steadily and so there is another measure that we use which looks at the imbalance of put options versus cal options. And that is also steadily declining. So overall telling us that sentiment through year end is actually starting to be relatively bullish as opposed to bearish and not that concerned with some of the tails that we described four to six weeks ago. Moisture of that though do you think is factoring in a blue wave, how much is just factoring in the idea that maybe we know who has been elected president sometime in the next 6 to 8 weeks . I would think uncertainty and the nation kind of divided is an even scarier prospect no matter who wins knowing who is president would be helpful i would think for market volatility to tame the market volatility. Yeah, it is interesting you say that because one thing ive discussed with investors is frankly at this point, whether or not trump wins or biden wins, if we know that by november 4, that is a much bigger deal at least to the volatility markets than just the fact that were not going to know or it will be drawn out for a variety of reasons. And part of that is because we need to know who is president in the next week versus six weeks after the election it is obviously related to whether or not we get stimulus handled, whether or not you know, who is actually going to be the administration that is handling an eventual vaccine, eventual distribution of that vaccine. And it is interesting because a lot of people a yearing a g ago would say why would a blue wave be good foot mar are for the market it is about believing that biden may be a better administrator of the vaccine pan the Trump Administration would be. Options measure tail risks. And that is not necessarily what the overall market is doing to be looking at. The options are going to tell you if there will be huge chaos, people placing bets on whether or not there will be big swings to the up side or the down side. I dont know how much any of this is focused on what the next administration, whether it be that Current Administration extending or a Biden Administration ends up doing because you havent seen as big moves as you might anticipate given the differences between those two potential choices. Yeah, and i actually think that that is kind of an opportunity. So you are right, the Options Market and not surprisingly so because were in the middle of a very macro event. But the Options Market has not done a great job as of now of distinguishing between what sectors will do well and what sectors will not do well call it the next three to six months obviously will be some distinction depending on Whose Administration it is the Options Market is very focused on the macro we refer to that as the dispersion between the index level and the different sectors. But what i would say, i think that is an opportunity so to give you two exampling, the first is Health Care Options volatility which we measure through xlb has been incredibly inexpensive this whole time period and far more impacted by the possibility of a biden win and the second is iwm, so therous accept whithe russell which play as great role in the factor versus momentum trade. And that term structure is downward sloping so it means that option prices in march are actually cheaper right now than they are in december that is not normal you normally have more volatile i d the further out you go and so ibm is sensitive to an eventual vaccine amy, thank you. Good to see you. When we come back, we have a followup from the Global Pandemic and well take a closer look at who is getting promoted in a work from home world. Women are getting left behind. We have that story next. Right now though as we head to a break, here is a look at the bigger week to date decliners in the s p 500. Our Retirement Plan with voya gives us confidence. They help us with achievable steps along the way. So we can spend a bit today, knowing were prepared for tomorrow. Wow dad, do you think you overdid it maybe . I dont think so. What do you think, peanut . Nope honey, do you think we overdid it . Overdid what . See . We dont think so, son. Technically, grandparents cant overdo it. Its impossible. Well planned, well invested, well protected. Voya. Be confident to and through retirement. I paid off my credit cards and apand felt a weightnal loan. Come off my shoulders. Thank you sofi for a great experience and for helping me get my money right. When disaster strikes to one, we all get together and support each other. Thats the nature of humanity. It has encouraged other people to take the time for each other. From job losses to down shifting careers, women playerly working mothers are taking a significant hit to their finances during the pandemic but one factor that could have a longer term impact, a disparity in promotions. Sharon epperson is joining us with more. Good morning good morning, joe you know, men have been far more likely than women to get a promotion or a pay raise during this pandemic. 34 of men with children at home said that they received a promotion while working remotely compared to 9 of women. That is from a survey from the board list and 26 percent of those dood d said that they received a pay raise compared to 13 working moms and for every 100 men promoted to manager, only 85 women were promoted to that same position and only 589 bla black women now women are traditionally more responsible for household duties and chide care, so negotiating for more help is critical now experts say. And also, you need to make sure that your work stands out. Take a self assessment, inventory everything that you are working on, what you think the priorities are, what your immediate rilts a results are. So you can said something out to your manager in advance saying this is what im working on, this is what ive accomplished, are my priorities in line with what you need. That may mean reframing what you are doing to ensure it is relevant to the companys current goals and underscores your value you will find out a lot more about the pandemic fallout for women in the workplace at cnbc. Com invest in you seems like a tough thing to try to prove or to take action on what should you do if you believe youve been wrongly passed over for a promotion . Well, of course you should be talking to people at the company. And talking to senior managers at the company he on a regular basis. But if you feel that there is no one in the company that understands what has happened and you think you have been wrongly passed over for a promotion, there may be recourse for you and may be an por an im time to speak too an attorney but you also have to make sure that you yourself are a viable candidate. And how do you do that. You work like go home at like midnight, come home at 3 00 . No, of course it is extremely difficult to juggle all that is going on but what some career counselors were telling us, it is important to make sure that you stay in contact with your manager. Make sure that you do that self assessment, let them know what you have been working on one of the most important parts, blocking out 15 minutes a day every couple days, every week, to make sure that you are connecting with people, people in your department, people outside your department, people in your company, people outside of your company, people in your industry and outside of your industry you want to have a really Diverse Group of connections so that whatever happens, wherever that promotion may be, you will be right there waiting for it and ready for it all right this might work for me too works for everybody thanks, sharon. When we come back, a new study raising some important questions about a major coronavirus treatment, we have dr. Scott gottlieb, he will weigh in on the remdesivir data and new news krogs tcrossing tht the Pfizer Vaccine and a look at yesterdays s p winners and losers, back after that as business moves forward, were all changing the way things get done. Like how we redefine collaboration. How we come up with new ways to serve our customers. And deliver our products. But no matter how things change, one thing never will. You can rely on the people and the network of at t. To help keep your business connected. A good education takes you many different horizons and that sticked to my mind. So, when 1 a day came out, i said, why not . Why not just utilize that resource. And walmart made that path open for me. Without the 1 a day program, i definitely dont think id be in school right now. Each week for me in school is just an accomplishment. I feel proud every step of the way. Sgcgood morning, everybody. Equity futures now in the green. Dow looks like it would open up about 51 points higher, nasdaq 27 and the s p 500 looking to open about 7 points higher and a deal in the banking sector, cit group and First Citizens bank shares are kochl binine i combining, an all stock transaction. Holders will own about 61 of the combined company when that deal is completed. Becky. And when we come back, dr. Scott got leetlieb weighs in on vaccine news and disappointing report on remdesivir plus more on the town hall showdown, well show you what each candidate said about taxes and what it could mean for your money. Hmms and ahhs heard incall. But a resilient business you cacan be ready for it. Re. A Digital Foundation from vmware helps you redefine whats possible. Now. From the hospital shifting to remote patient care in just 48 hours. To the university moving hundreds of apps quickly to the cloud. Or the City GovernmentGoing Digital to keep Critical Services running. You are creating the future on the fly. And we are helping you do it. Vmware. Realize whats possible. Welcome back new study bring the World Health Organization said the antiviral drug remdesivir had little or no effect on mortality for those hospitalized with covid19 it said the drug also does not seem to help patients recover any faster findings were part of a trial by the w. H. O. Using four drugs including hydroxychloroquine, in interferon, but it it has not b Peer Reviewed or published gilead said that the findings do not mean that the drug has no benefit. And news just out, fiz pfizer s could be ready to am apply for emergency use authorization for its vaccine candidate by late november that comes in an open letter issued this morning by pfizer chair haman and ceo, saying that they are seeking to provide greater clarity are regarding time lines for the vaccine being developed by pfizer and partner bio intech. And joining us, dr. Gottlieb and serves on the board of pfizer. And i looked at the actual release, and i wish you could stay until 7 00 because ive got about six things to talk to you about. But it seems that he is saying that assuming everything goes right, that is when we could do it and i dont know if hes saying that things are going right. Well, i havent seen it yet, so i was listening to the news as you were reading it i have not read the letter yet but what you said seems consistent with what the company has already said in terms of when they might have data, enough patients with the second dose so i would have to take a look at it. He said assuming positive results with both sets of data that they are talking about, pfizer said it could file for emergency use authorization using after he receiving the safety data and then a third set of data which would be looking at a large scale manufacturing, and then it is laying out the time line in an effort to clear up any confusion about the complex process. So we have that seems consistent with what the company has been saying and also consistent with the guidance that the fda put out, the fda said they want two month followup data on patients. So if you look at the number of patients dosed in that clinical trial, the expectation was that both pfizer and moderna