All the fast moving developments. The back to improving trend here but the markets are chewing on that, i guess assessing not improving fluff. What is your take . I agree with you. If you look at continuing claims, they have fallen pretty dramatically. The weekly claims there is sense by the market to keep the momentum going. Maybe that is a stimulus package. We dont know. Obviously the market takes it as a slight negative. We have had in the economy last couple months is housing boom, explosion in building. It has driven up commodity prices. Lumber prices. Multiyear highs. Multidecade highs. There is a concern that may cool off a little bit. Housing starts slowed down a little bit in august. There is a little bit of concern, that maybe that bright spot in the economy is starting to go down a little bit but not so much if you look at the oil market. Look at the oil market it is kind of signaling Better Things ahead. Weve seen a big jump up in oil prices, the last couple of days, a big rebound after the hurricanes hit the gulf coast in recent weeks, messed up with numbers. It appears the demand side of oil seems to be looking a lot better. You know, in fact we had a report today from the joint minister of monitoring committee. That is the opec plus guys, about where theyre going to go from here. They basis said, listen, guys, all the cheaters in the cartel, stop cheating. They will make a plan not to cheat. If they live up to that commitment that means less oil and thats driving those prices higher. The other thing theyre saying opec are seeing as they look around the globe, supplies are getting tighter. That will be a good thing. Right now the stock market will focus on ipo main yaw. I love it. It is back we havent had ipo mania in a long time. We saw it just recently with these two recent ipos, right . If you look at snowflake which had an incredible opening, theyre pulling back today. You always know that snowflakes eventually fall, at least for a while, right . They come down from the sky. They dont stay up there forever but they come back again. Usually after these ipos, the initial announcement they pulled back. Probably that is a good thing. The other thing is jfrog. Look at this company. The company is interesting. Theyre in a sector i think will be very big in the future that is managing all the companies that use these devices, you know, to help them do the updates and keep up to date. This is really a new sector in the market. Jfrog is one of these companies that a lot of people are excited about. It performed very well on its ipo. Now will it fall like snowflakes . Neil, that is always a possibility after these ipos. Sometimes they pop and then they drop but if youre not in on the ipo you have to wait for the drop to try to get in these things. That probably is a good thing. It will be a having market. Hopefully the fed will give us less uncertainty in the future so we can be more certain to buy back in. Neil well be talking to the jfrog and ceo founder in a few minutes. Where are you right now . Are you in a timeout chair . What is the deal . Basically, im in secret undisclosed location right now. Moving me from place to place. So right now, actually, were looking out the window it is rainy. I decided to pull down the lights. Neil there is a window . All right. All right. Pay the electric bill. Always a good idea. You never know when they will pull the plug on you. Neil, good advice for people up there. Neil want you to be saith. All you need is a newspaper and it looks like a hostage tape. Im glad youre with us. Youre the best. Thank you. Neil phil flynn is well. He is at an undisclosed location well leave it at that. Edward lawrence. I dont believe he is is at an undisclosed location in washington, d. C. There is talk, maybe progress on this stimulus measure. Hope springs eternal. But i guess the president changed the language when he was open to a bigger bill, right . When are we looking at . Reporter very interesting developments on this front. The jobless claims, 860 new filings this week that is above the estimates of 10,000 but 24,000 less than last week there. You see 860,000 this week this continues the labor market healing but still a lot of pain for those people who are looking for work or need help. Now a Senior Administration official says the last conversation with House Speaker nancy pelosi over the next round of help took place yesterday. The official says the white house floated to create a fund where state and local governments could prove corona related losses to get the money. The president did indicate as you said he would go up to 1. 5 trillion and pushed other republicans to accept a bigger number. White house Economic Advisor larry kudlow believes opening up the ppp as well as giving more money to schools so they can reopen safely could be key. I dont think the recovery is contingent on this package but the president wants an insurance policy he would like to see some more cash out there and it sure beats raising taxes. Reporter under pressure from more moderate members of the Democratic Caucus the House Speaker says she is keeping them in washington until a deal can be agreed upon which may not be close. Listen. We have compromised. We came down a trillion dollars. We asked them to go up a trillion dollars. Instead they werent down. Not recognizing the need. Reporter airline ceos went to the white house today to meet with the chief of staff. They asked, they reached out to the House Speaker but have not scheduled a meeting as of this, but talking to meadows, the chief of staff this morning for the white house, they plead for more help. Listen to this. We need a relief package done to get this sba extension approved. It is not about the psp extension. Enormous bipartisan support. About getting a relief package between now and october 1st. Reporter fed chairman jay powell says there may be targeted need for help. He targeted the Airline Industry and hotels. A lot of folks are reaching their hands out but it is air on the other side as of right now, neil . Neil give or take a trillion dollars. I can remember a time when that was the entire budget of the United States government. That is amazing. Reporter numbers have grown under covid. Neil like theyre pennies. Numbers have certainly grown. Thank you, my friend. Well continue following developments out of washington. Meantime the battle over a vaccine, how soon one comes. Whether it does come soon as the Vice President actually raised, as a possibility. Whether it is safe. The back and forth on this. First from joe biden and then the president of the United States. Take a look. So let me be clear, i trust vaccines, i trust scientists but i dont trust donald trump. At this moment the American People cant either. President trump im calling on biden to stop promoting his antivaccine theories because all theyre doing is hurting the importance of what were doing and i know that if they were in this position they would be saying how wonderful it is. Theyre recklessly endangering lives. You cant do that. Neil so no middle ground on this between the two president ial candidates. I want to get the read from ethan berman, radio commentator host, much, much more, liz peek, fox news contributor, much more than that. Ethan, i will begin with you. I take the Vice President s statement at face value he was not dumping on a vaccine, by raising possibility it might be rushed prematurely for political ends, could he do more harm than good . One comes out, people afraid to take it because joe biden raised awareness because of efficacy, possibly . I dont think that will fall on joe biden. The issue we have a it something president who promoted numerous unproven drug treatments since the beginning of the pandemic let alone his own words on Bob Woodwards tapes where he was misleading us about what is going on. Neil but he saying, i think what he is saying, biden is saying if it comes out, he is raising the issue that it was rushed for political purposes, maybe you shouldnt take it. Im just wondering all the other stuff you mentioned woodward book, whether the president downplayed this publicly, thought otherwise privately, people are saying we dont want to rush it out or any part of it because joe biden says there is problem. There isnt a virus, excuses me, a vaccine fully gone up there the three rounds of trials before november third. It is interesting that the president wants to keep pushing that for political purposes for his reelection because no drug company is saying that. It is partisans in washington who are saying that there is going to be a vaccine before november 3rd. Anybody who knows what theyre talking about dr. Fauci saying middle of next year that would be historical track record for Vaccine Development is at least 18 months is the fastest, fastest that it has ever been done before. So you know, i dont look to the president to tell me about science because he is not a scientist and he doesnt listen to scientists. But, so i dont think it is right to point out joe biden telling people not to take a vaccine. There wont be one. Neil i should point out, ethan, moderna is sharing a blueprint for hits Coronavirus Vaccine trial that could be resumed next couple weeks and out before the end of the year. Pfizer working in concert with biontech. Much the same. No way to your point to date this but it is not the president alone front running this. But liz, back to the notion that maybe the president set for himself to get this kind of criticism that he keeps promoting stuff that doesnt happen. Is that hurting his credibility . Well, perhaps neil but this is happening. As you point out pfizer, moderna, j j has talked about having a vaccine ready next year. By the way faucis comments had to do with a vaccine being available to everyone. Obviously going to take some time to roll out a vaccine. Lets just roll the tape back. One of bidens big criticisms of President Trump is he wasnt active enough early on. This operation warp speed which got the entire Scientific Community trying to come up with a vaccine is really a remarkable achievement. Would they be happier, biden and pelosi and kamala harris, all of whom have put out their concerted attacks on the safety of a vaccine which i think is the most despicable thing you could be doing right now because undoubtedly americans might be put off from taking this vaccine. Would they be happier if we didnt have a vaccine in the future . This is ridiculous argument. It should not be politicized no matter what anyone has said prior to this this is a good thing thats happening. It is something that americans have prayed for for months. It is the only way this country will get through this virus. Neil still, liz, it is interesting that the president s own cdc chief had gone on record yesterday saying most americans would have to wait until the middle of next year for a vaccine. Sure. Neil i am sure what he was meaning like that, one readily available getting it out to the public would be mid next year. Yeah. Neil is there always the risk here, i will leave out political motives, give the benefit of the doubt to joe biden and president on this, that that you can set up false hopes . Look i think there is no question that Donald Trumps basic view is his job is partly to reassure americans, to make hem optimistic about the future. By the way most people are optimistic about the future. It is democrats who are trying to play down or play up, excuse me all the negative things that are happening. Donald trump knows we will have a vaccine. Yes it will take a long time to roll out although i think already preemptively they have a plan for doing that which is appropriate because 300 million plus americans are going to end up taking this thing eventually. Yeah, i mean, is it false hopes . No. I dont think so. It is hope. Guess what . I hope, i want that from my president. Neil lets switch gears if you dont mind, guys, something that could be a trailblazer here, other states dealing with budget gaps. In new jersey the governor has been able to finally get through his millionaires tax, surtax would bring the top rate in the garden state to 10. 57 from 3. 90 that would make it the highest rate in the country. Ethan, the popular line that calls comes up, is democrats are quicker to raise taxes than to ever cut spending this is another example of that. What we have to look forward to if joe biden comes in, because his plans are not to cut any spending but right now to raise 4 trillion worth of taxes over the next 10 years on the backs of the well to do. What do you say . Well, interestingly enough, neil, im going to surprise you a little bit with this answer. I think rushing tax increases through during the worst economy under this president since world war ii, rushing taxes increases through is the not right approach. Now states have to deal with budgetary balancing issues at the federal government doesnt. Theyre undera different sort of pressure, difference states like california, states like new jersey have to deal with the fact people of means, that the wealthiest 1 can relocate to another lowtax state. Money flows inside the United States. Were seeing that here. There is fears in california of exactly that. And i personally know people who have, are leaving california under the threat of us raising taxes another 3 own the top tax rate. Look, the federal budget deficit a whole separate issue. President trump on hot economy raised deficits to trillion dollars during a hot economy. So the federal government is one thing but state governments, you know are going to have to figure out different ways than simply raising taxes on the wealthiest people to try to balance their budgets. Theyre going to have to get more creative. I dont think it is the right move. I think it will have ramifications they dont anticipate. Neil ethan you are a riddle wrapped in a conundrum but very smart riddle wrapped in a conundrum. Liz, let me get your take, talk about the timing of tax hikes, to ethans point, others saying on a National Basis if joe biden were to get elected come in toe raise taxes, zeroing in on the well to do, bringing the corporate rate up to 28 from 21 right now, regardless, the timing would be bad. What do you think of that . Yeah. I think it is a terrible idea, terrible proposal. As we struggle to come out of this tremendous drop in Economic Activity to raise taxes but lets talk about new jersey. New jersey for the first time in 2018 lost residents. More people are moving out of new jersey than moving in . Guess who is moving out, older people with savings, high incomes. To ethans point they dont want to lose these people. Remember when david tepper left new jersey four years ago the state budget took a major hit. I guess people dont learn lessons very quickly. New jersey is already the sixth highest taxed state in the country. The New York Times says the top 1 of residents there pay a third of the income taxes. I dont really, the only thing going for new jersey in raising taxes now, probably new york and connecticut are going to do exactly the same thing. If youre in new jersey and youre working in new york, youre probably not going to have much opportunity to move to any of those contic voice states. But i got to tell you, its a terrible policy and they will accelerate the move to florida, which is, booming as a result of high taxes in new jersey, in connecticut and new york. There is no disputing that. It is a terrible idea. Neil i will put you down as a maybe on that idea. All bets are off if ethan starts doing his radio show out of texas, then we know the die has been cast. Yeah. Neil ethan, liz, thank you very, very much, a respectful debate on a subject that is pretty heated. More so as we speak. Corner of wall and broad. Hot ipos debuted yesterday sucking a little bit of wind today but not as much as you might think. The truth of the matter is the demand for these new offerings are a live and well and they are lining up like planes at laguardia, one by one, expecting fortunes. Well talk to the ceo of one of them that has hit pay dirt after this. i need it so bad dont call it a hobby. Its way more than just a job. This is how we live every single day. Can we go and play . roaring of engines i needed to try needed to fall i needed your love im burning away i need never get old im burning away lookentertainmentour experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Neil all right, lets play football. The president taking a bow for the big 10 reconsidering its resistance to resuming playing. Now that the big 10 said, you know what . We will play. October 24th might be an eightgame schedule. But they are on. Everyone waiting to see what the pac 12 does right now. Blake burman following all of this at the white house. Blake, where do we stand . Reporter neil it was interesting when the big 10 put out its statement yesterday they were resuming football, at least scheduled end of next month there was no mention about the white house, white house ralph involvement. It was about the big 10, testing procedures, built out strategy what they plan to do going forward. We have seen President Trump saying he was involved getting this back. Here is what i have been told from white house officials at least as they see it as their involvement in getting the big 10 to resume football play. President trump spoke with the big 10 commissioner kevin warren the morning of september 1st. We all know that. However ive been told in the days following there were at least three other conversations between officials at the white house and warren. In the end the white house says it offered up testing help to the big 10, some 85,000 tests but the big 10 went its own route. Im told the President Trump was fine with that so long as football would be played and the student athletes had their say. Now youre looking at the pac 12. That conference out west. The only one of the major power five conferences that isnt playing or said it is going to be playing i