Here all three of them in the red today. As you just saw the dow finishing down 130. The s p down 28, the nasdaq down 140. We were concerned it was going to slip further into correction territory. Did not do that but not by a lot, my friends. What was going on there . Big tech, momentum stocks having the most trouble here today as we start to think about the recovery, is it real, whats going on with the concerns that the improvement in the economy may not be what we need . The momentum stocks, apple, amazon, youre seeing them here on your screen, microsoft, google, facebook, all down more than 2 . There are big concerns about valuation. Are the stocks too rich. They led the downturn today. They are extending declines from yesterday. I should mention here tesla snapping a five day winning streak. That is not nothing. What was at the roots of concerns . Concerns about the recovery. Weekly jobless claims coming in. 860,000 workers filing unemployment claims. That is below one million for the Third Straight week. As you see from the full screen, since the shutdown began, 61. 05 million folks have been filing unemployment claims. Bright spot here i want to talk about because these numbers members were better than we expected but the continuing claims were even better. This real time indicator fell below 13 million, something we really wanted to see. So that is good news. Were rapidly coming into the market where what we thought was good is bad. It is all about momentum. It is all about attitude and mood. The mood not so bright today, you guys. Back to you. Melissa all right. Gerri, thank you for that. President trump is returning to battleground state wisconsin tonight for a campaign rally. Lets go to blake burman who is live at white house with the latest. Blake. Reporter melissa, a state President Trump flipped in 2016, state once again wisconsin, the president and his campaign are focusing down on the homestretch in 2020. He is heading to wisconsin, the center of the badger state this. He will be leaving white house. White house chief of staff mark meadows met with airline ceos. They are pushing for another 25 billion in help so that tens of thousands of Airline Workers are not fired or furloughed two weeks from today. Theyre out there putting their uniforms on, going to work every day making sure were moving. Without action theyre going to be furloughed on october 1st and it is not fair. Not fair to them. Not fair to our country. We have got tens of thousands of people about to be laid off. So if nothing more, go ahead put that package on the floor and pass that, because hopefully all of us can agree that laying off Airline Workers at this particular time is not something we should do. Reporter clearly here at the white house they are supportive after second lifeline for the airlines. Trade association that represents major aligners, melissa, they say the airlines collectively are burning roughly five billion dollars a month in cash. Melissa, back to you. Melissa wow. Thats a big number about, blake. Thank you. Connell. Connell huge number. More on the 2020 raves. We are just 47 days away from the election at this point. Joe biden holding a town hall tonight in philadelphia after securing the endorsement of the mail handlers union. Foxs Jackie Heinrich live in philly with the former Vice President. Jackie . Reporter hi, there. Well as the bidenharris ticket makes a big push in this union heavy state they are touting an endorsement from the postal mail handlers union. They said their workers have faced direct threats on their livelihood from the trump administration, that follows an endorsement for harris and biden from the Letter Carriers Union last month. So a big push happening in this state. President trump won pennsylvania by 44,000 votes, less than a single percent last section. Today biden and harris are doing a multipronged effort to shore up support in different communities. Biden is back in his hometown of scranton with a message for the working class. His Campaign SlammedPresident Trump for tax cuts claiming they benefit corporations and superrich. That joe biden sees the race as park avenue versus scranton. Americans paying less than 400,000 a year wont pay more taxes. This election for the First Time Ever hispanics and latinos are the largest minority voting block, making up nearly 8 of pennsylvanias population. Sell phone data by the way is helping shape the campaigns outreach. In 2017 democrats bought data from 100 million users. They found a lot of Puerto Ricans here in pennsylvania who need after hurricane maria. Listen. We wanted to identify maria refugees. People who were forced from the main land. As you know many people left with the shirt on their back and theyre proud 787 area code. We hired bilingual, bicultural organizers in key parts of pennsylvania. We found almost 80,000 such cell phone numbers. Reporter harris event is at nonprofit. Puerto ricans cant vote in president ial elections as a territory. In residents of other states they can. That will be a whole new variable in this 2020 election. Connell Jacqui Heinrich covering the biden campaign. Melissa. Melissa here to react to a lot of that story, steve moore, economist at freedomworks. I want to drill down on the piece about the post office for a second. Of the post office amazingly has become completely political in the election cycle. You see it making news that the Postal Workers Union has gone out and endorsed joe biden. Let me show you a graphic that puts it simply. Let me show you the return to sender. Unfunded liabilities of the post office are double the revenue. I dont know if we have the graphic for everybody, 143 billion unfunded liabilities. There it is. Versus the revenue. Steve moore, this shows you that the promises made to past workers in the form of retirement pensions, health care for the rest of your life, all of these kind of things it, would be great if the post office could afford that, but that is double what they are making. What is the solution for the post office to a problem like this from an Economic Perspective . Whats the solution . Melissa, well a couple things. When i listened to the numbers youre reciting i think about places like the state of illinois that has the massive pension benefits. It is amazing, isnt it, how the governmental institutions made the promises to workers that far, far exceed what these states and their taxpayers can afford to pay. Look, the mail service is in a rapid state of decline as we use more, more email and electronic mail for delivery of things and so its, i think we have to have the government adjust to this new normal. Which well continue to see the Postal Service shrink in terms of its size and influence on the economy. It is not surprising, melissa, that you have got the Postal Service workers who are lining up for joe biden. The Strongest Group of americans that are in favor of the democratic ticket going back for the last 40 years is government workers. Of the government workers are in favor of democrats and by the way that is one of the reasons, if you look, melissa at the nancy pelosi bailout plan, she wants a trillion dollars for government workers and for politicians because that is their first priority. Republicans should make a big issue out of that. Republicans are for private sector businesses and workers and democrats are for government. Melissa but when we talk about because like you said the problem is going on with the post office right now is emblematic of local governments and all kinds of places everywhere. You have different states, municipalities begging for money right now because they have liabilities as well they have no hope of paying. So they try to blame the pandemic, saying we need money, but really what they want the money for is to deal with the huge promises they have made in order to get elected, that can never be fulfilled and the buck is just passed from politician to politician. President trump has stood up and said, when it comes to the post office well have to do something about this because these municipalities like post office, like gm, ford, all the other places would go bankrupt. Everybody would have to take what we call a haircut to what youve been promised. Yes you have been promised this. But that was a lie. Were really sorry you were lied to. Time to face up to that, to recognize what actually can be paid because the company is going out of business. Government entities are able to kick the can down the road by not admitting its a lie and just running in the red forever until the whole thing catches up. The postal union would like, theyre endorsing joe biden because he will keep the lie going and the president made noises like he wont, although, you know we havent really soon the rubber meet the road in this case, listen, you have to shake off this debt that youre never going to be able to pay. I mean is the solution for the post office to go bankrupt . Is it, you know a a reorganization where you have to acknowledge these things will not get paid . Or do we hope one day for some reason the post office discover as business where revenue goes through the roof and suddenly they can pay it . Well, that is a tough question. Look, when i got to washington 30 years ago, melissa, one of the first projects i worked on how we could privatize the Postal Service, make it a private institution, not a public institution. People back then said, we have to have a governmentrun Postal Service to have people get packages delivered, mail delivered to them at their doorstep. I was thinking when you were talking, melissa, we have Companies Like amazon, fedex now, i can order something online right now in the next half hour and guess what . Amazon will deliver that to me in the next couple of days. We have to really wonder why it is we need a Postal Service anymore . We have private Delivery Services that can provide the kind of mail delivery and lets make the Postal Service compete. Competition is a wonderful thing, isnt it . It lowers prices and the problem is weve got this monopoly of the Postal Service for such a long time they have become fat and inefficient. I think we just have to look at this as a 19th Century Industry were trying to hold up in the 21st century america. So yeah, i think the solution is melissa along those lines go ahead. Melissa go ahead. Melissa i was going to say along those lines youre saying we cant keep the business going the way it is. In fact a federal judge were getting breaking news, temporarily blocking the United StatesPostal Service from making operational changes that states say threaten the Timely Delivery of election mail. So even these tiny changes they were trying to put into place like fewer mailboxes, putting a limit on overtime, those sort of things to try to control costs the judge is saying absolutely no we cant do that because of what is going on with the election. Not that those changes would have made a big enough difference to really bite into what the problem is here anyway, that is another thing it is not operating like a business so they will never get tear arms around it the way it is. Steve, thank you very much. We appreciate your time. Connell. Connell melissa, you heard the phrase go big or go home. President trump telling republican lawmakers to go much higher on relief payments to americans of the he says he is getting closer to a deal. Thats the backdrop as we bring in Edward Lawrence who has been covering these talks, relief, stimulus talks. Joins us live from washington with the very latest as we know it. Edward. Reporter connell, the chief of staff mark meadows says 1. 5 trillion would be acceptable and enough money to help the American People. This is what the republicans would like to see in a bill. You guys have been talking about it with steve moore. 10 billion in Debt Forgiveness of Postal Service is one of the things republican want. Expanded unemployment 300 a week through december. 300 billion for schools to open safely. And Liability Protection for businesses so lawsuits dont crush companies. Pelosi is keeping members in washington over the weekend to get something done. Take your cameras to a dca today. Because you will see members of congress leaving washington, d. C. To go home and pretend like theyre working hard on this particular deal when in fact the checks are not going out to the American People and Unemployment Benefits will start to cease. Reporter Senior Administration official says the last time a conversation the House Speaker had to negotiate an aid package was yesterday. The Sticking Point continues to be money for states. So that official saying the administration is floating having a pool of money for states so state and local governments would then have to prove covid19 losses to get a percentage of that money. So far no deal and the house going on a break. We dont object stock market doing well, that is for sure but why cant we spend what it takes to shore up the middle class in our country . So again, when we go into negotiations it is about the allocation of the resources but it is hard to see how we can go any lower when you only have greater needs. Reporter the house speak irevent she was speaking was pushing the heroes act. That is something the house passed 3. 4 trillion with a lot of other stuff in it that isnt related to the coronavirus. Back to you. Connell other stuff, yeah. The bottom line in all of this, still no deal on the new relief package. Reporter no deal. Connell thank you, Edward Lawrence. Melissa. Melissa the aftermath of Hurricane Sally torrential rain leaving the gulf coast under water. Were on the ground in one of the hardesthit areas. That is next. Plus under pressure, escalating violence across minnesota leaving Small Businesses fighting to stay afloat. Were live from men minn with the latest. Big city exodus, why new york city top earners are fleeing the big apple just days before schools were supposed to reopen . Oh, no, dont tell my kids. 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And the thing is, theres nothing you can do about it [camera man] well, shingles can be prevented. Shingles can be whaaat . [camera man] prevented. You can get vaccinated. Frank they have shingles vaccines whaaat . Thats what i said. Were taking you to the doctor. Not going through that again. [camera man] you can also get it from your pharmacist talk to your doctor or pharmacist about getting vaccinated. Talk to your doctor or pharmacist you can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save up to 400 a year on your wireless bill. With the carrier rated 1 in customer satisfaction. Call, click, or visit your local xfinity store today. Melissa the threat of historic flooding, the remnants of Hurricane Sally causing torrential rain after hitting the coast of alabama and florida. Now the storm is making its way through georgia and the carolinas. Lets go to Grady Trimble who is live in pensacola with the latest. Grady . Reporter melissa, the cleanup is underway in this pen cola neighborhood. Boy do they have to do a lot of clean up. This is the dock in a bay and you can see the fridge back there people have their work cut out for them. Were along pensacola bay, many here, the entire first level of the homes are wiped out as the storm surge moved through the area. We want to point out how powerful the storm surge was, you can see, this is a barge, it landed in their front yard here. It was attached to a bridge that was under construction. It somehow became detached from power of the shore. It actually hit a house in the process. The 98yearold gentleman who lived in the house. Fortunately he was okay. This was scary for people that live in the neighborhood. Listen how they described what happened. We realized it was coming here it was too dangerous and to leave. I think well look at that a couple months. It is here for a while. Reporter meanwhile hundreds of people are still being rescued from the floodwaters. Hundreds already have been rescued. You can hear helicopters overhead as coast guard, other crews circle to look for anybody who still might be trapped. The concern as this storm moves north through the south, that it is going to drop more rain and that ra