People will choose shopping online, if they do any shopping at all. Obviously target is ready. Bracing itself for what could be big crowds. They see something a lot of economists, for example, do not. Were keeping a close eye on that. Push, pull, obviously on the jobs front. You heard about claims, still below 900,000. They did hit week over week. One of the things barometer of continuing claims, they fell by 167,000 to bring us to about 12. 6 million. Surprisingly good news on new home sales, jumped 4. , to 14 year high. Those are things are sort of whipsawing markets. Were following the law and order issue very, very closely. Again, keeping an eye on louisville and talks of further protests across the country over that Breonna Taylor case and a grand jury not personally faulting any of the officers for her direct killing although one for sloppy behavior. Well get into that. Because it led to protests in the likes of atlanta, new york city, a host of other places. And more on Governor Newsoms move in california to eventually ban the sale of all gasoline powered cars within 15 years. Is that doable . Many argue that no, its not and it would be a big mistake if he pushes that. Were all over that. Meanwhile Edward Lawrence is following news out of moderna, pfizer, that could lift hopes again of getting a vaccine out. There is a lot of back and forth on this, but edward, what are you hearing . Reporter glad to be on the good side you talk about the good forces pulling the market there. Were getting more precise timeline that the administration believes well have a vaccine. Health and Human Services secretary alex aid sar spoke with mornings with maria, spoke specifically pfizer and moderna could have update by october to submit for approval. One would go to them out of independent data safety monitoring board. They would determine if it was sufficient to submit for application. Reporter azar went on to say the end of december the u. S. Could have as many as 100 million doses of approved vaccine. The list of who is most vulnerable and who needs the vaccine first around azar says in january. Makers of vaccine will make hundreds much millions of doses as vaccinations continue. According to the hhs secretary there would be enough doses for every american who wants one in march and april. Right now hundreds much millions of doses sit in a warehouse waiting for fda approval. The ceo of astrazeneca says the vaccine will be safe and effective. He pointed to the stoppage of the trial after one patient in the uk had a medical issue. First of all i should say stopping a trial in a Vaccine Program is not uncommon. It is not very common but it happens but if you place safety at the center of everything you do of course youre going to have to stop and look at events and thats what we did. Reporter their phase three trial started again in the uk but has not started in the u. S. That could affect their timeline here. As this moves forward the next round of stimulus, the covid relief package seems at a standstill, less and less likely it is going to happen before an election. The treasury secretary this morning testifying that he spoke 15 to 20 times with the House Speaker about the cr, the continuing resolution but not about the stimulus relief. The House Speaker says she hopes soon to sit down but giving no timetable for that to actually happen. Back to you. Neil Edward Lawrence, thank you very, very much, my friend. Why do you think Mitch Mcconnell today made the statement that the winner of the november 3rd will be inaugurated on 20th . Maybe because yesterday the president said this. Take a look. President trump well have to see what happens. Ive been complaining very strongly about the ballots and ballots are a disaster. Get rid of the ballots you will have a very peaceful, there wont be a transfer frankly. There will be continuation. Neil all right. But do remember what Hillary Clinton was saying back in august on this same subject. Take a look. Joe biden should not concede under any circumstances because i think this is going to drag out and eventually i do believe he will win if we dont give an inch. Neil all right. So the back and forth as to what well sElection Night if there is delate in the results, the president saying you really cant argue against the possibility there will be protests over that, beginning with his own if it doesnt look his way. Mitt romney by the way among republicans said such comments are unthinkable and unreasonable but lets get the read from eat than berman liberal commentator, radio show host as well. Liz peek. I know the reaction it got, four years ago a lot of people thought then candidate donald trump wouldnt abide by the election proresults, protest them, constitutional crisis t was just the opposite to was democrats who staged protests and rallies many republicans argue gave them living hell in the four years since, who is more offensive here . There is critical difference between what secretary clinton said a couple months ago that you just played, when you say hey we need to see what the results really are, versus a president take active measures while in office, telling people to vote twice, which he has done repeatedly now, which is completely illegal. You can only vote once, using one form, either mailin or vote in person, active measures to create chaos around the idea of whether or not you can trust the vote. Lying because there is no basis about the validity of mailin ballots. Keep in mind, neil, it was Just Announced today in North Carolina there has been an 11 fold increase in requests for mailin ballots. Were in the middle of pandemic right now. So for the president to sit there and openly question whether or not we can even trust the ballots is fundamentally different than saying we need to neil ethan, if Hillary Clinton is already advising, if Hillary Clinton already advising joe biden dont concede, i think maybe what she is saying, you have to count all the mailin ballots, get benefit of the doubt but she is more or less saying fight, fight, dont concede anything no matter what is looks like on election fight. That is the only distinction i find. Liz peek, reminds me of a issue Election Night, where a lot of Trump Supporters will vote election day. Their ballots will presume counted immediately. A distinct Election Night, donald trump is winning maybe by a lot, who knows. The mailin ballots are in, no network worth its salt is going to commit to declaring a victor in that environment and does the president comments then sort of breed cynicism about the results . What do you think . What is really breeds, neil, is just a whole lot of excitement on the left. I actually think donald trump makes these comments sometimes to get this pavlovian response from the left where they go completely crazy. Their hair catches on fire. I dont really think anyone in this country should seriously take the idea that were not going to have a peaceful transfer of power. Weve done it for 200 plus years. Yes, this time is different because we have a whole lot of confusion about these mailin ballots. My view neil should the president , he is the president of the United States, liz. Shouldnt he watch language like that . If youre the leader of the free world. Of course. Neil leader of this country, not unabashedly saying there will be a peaceful transition as since 1792, every four years, happens, peaceful transfer. There is ill will and lot of agita back and forth but the fact of the matter it is honored and quadrennial right and consistent you know, icon of our system where it has been honored by everybody . Yes. I agree with that 100 . And i would not, i wish that donald trump wouldnt say things like this. Obviously what he is trying to call attention to, neil, a awful lot of maneuvering, finagling of rules, three states have passed where they have now extended the deadline for when ballots can be counted. Plus you had the Supreme Court of pennsylvania recently rule that socalled naked ballots where you dont have the protective inner lining can be rejected or counted, which could be as many as 100,000 votes in a state that trump won by only 44,000. There is an awful lot of things going on including by the way, democrats inserting into the heroes act which didnt pass a rule saying that state rules on voter i. D. Should be tossed. You have to just sort of stand back, wait a minute what are democrats really trying to do . Are they really trying it delegitimatize this election . Some of elections and rule changes i think would be viewed as doing exactly that. That is what hilly clinton trying to do. She is trying to delegitimize any win by donald trump. Both sides are reprehensible on this. Well have a election possibly confused in those three states with extended deadlines. Those are all expected to be very close states. So we wont have a winner win possibly on Election Night. We will almost guaranteed have a winner, by the time, december 14th Electoral College report has to be in. This is a distraction. Yes i dont like to see it. Neil real quickly, ethan on that, it seems to me that either side is going to protest the other side potentially winning. That is just a given. Yeah. I mean i agree. There is going to be protests. Most important thing for attorneys to do their jobs and courts rule in timely fashion for us to let the process play out the way it is going to play out within the courts in a legal fashion in an orderly fashion so we can actually count all of the legitimate votes. Neil i want to thank you both. It will be a long night. Might be very, very long night. It might stretch to 30 long nights in a row. Well see. Ethan, thank you. Liz, thank you. There must be something about meeting of the minds here, both these guys are saying to get past some of the nastiness, they helped lift market average to a high, certainly for today. It has been all over the map. Some late Economic News has been surprisingly strong. Targets plan to hire 130,000 workers for the holidays. Those continuing claims, see a drop, favors eventually half the workers who left their jobs because of the pandemic getting them back. So that is one thing that people are sort of chewing on. But this election will be a very big i issue and the closer we get to the election it has been unscan ney how much more volatile the swings in the vix and volatility index register the amount of angst out there. We have the nasdaq executive Vice President , head of north american markets, much, much more. How do you factor in the election and even the possibility, maybe traders are just beginning to grasp that we wont have a winner Election Night and it could drag on a while . Well, thanks for having me today. I think we just take a step back. We empathize with investors, machinations of the market can be unsettling, they have been unsettling. There is confluence of factors hanging over the market as you said before, we have to put in the context the sharp shelloff and some of the whipsawing you referred to earlier, were still up yeartodate. Key index, nasdaq 100, were still up 20 yeartodate. We see strong inflows into the nasdaq 100. Which signifies to us investors still have positivity around the market, certain aspects of the market. If i take a step back, we also make sure that the markets are functioning well during these Uncertain Times. That is what you referred to. We have want to make sure the markets are supporting Investor Confidence during these Uncertain Times and help them manage that risk over these Uncertain Times. Not just in equities but were doing that in other categories. We just release another volatility product that will compete with vix called volq. It is another tool for investors to manage the risk that you were alluding to earlier. Neil so much depends i guess on talk of stimulus. We have jerome powell, treasury secretary Steve Mnuchin back on capitol hill today, and theyre each arguing for more stimulus. Treasury secretary mnuchin says some is better than none. I know youre following unique market, unique time, looking at some of these variables and other tools you can use to get a return on your investment, but are you of the opinion that if stimulus doesnt, doesnt pan out, or just doesnt come as people had hoped, the markets will take it on the chin . I think it will just add to the uncertainty hanging over the markets right now. You see that on really a daytoday basis f i go back to like march and february where we saw the whipsawing action in the markets move we are just preparing ourselves to make sure we have the capacity, the resiliency to handle that. Outside of having an opinion, how it is priced in, not priced in, it is not only factor. We should be clear the vaccine, job reports, trades everything into this, we take it all together we need to make sure the market can absorb it. There is still effective price discovery, markets feel they are part of the solution and not part of the problem. Neil tal, can you update me what nasdaq wants to do if new Jersey Governor Phil Murphy taxes sell and buy orders but ends up potentially billions of dollars i know . You have operations in new jersey. You have a lot of trading facilities. What do you do . We have people, employees, businesses in a data center in new jersey, what really concerns us not just nasdaq but at large this is a nationwide tax a buyer or seller from california or nebraska come together to consummate that trade in jersey are now going to be taxed. That will have impact on main street investors. What that is going to do, have a drag on investment returns and it will compound over time. We saw vanguard put out a report that said the average american will have to work 2 1 2 years longer to have the same money in their retirement account if ftt comes into place. In addition to that, it will increase the cost of trading. That might decrease liquidity in the market. That will only add to the fragility of the market during Uncertain Times you spoke about. It is incumbent on us, other exchanges, industry at large, evaluate all options, educate new jersey what it is proceeding with. To make sure were mobile, were portable if something should be decided upon this. Neil tal cohen, thank you very much. I hit you with a lot. You hit it out of the park. I appreciate that. As tal was speaking, a Pew Research Center study getting a good deal of attention. They crunched number of Americans Still working out of their home, slowly planning to get back to work. Interesting statistic, 1 3 of workers who took temporary pay cuts, looking reality of the pay cuts being permanent. 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No strings attached. Neil i know all you young kids out there dont remember that song but i do and it could be coming reality in the golden state by 2035 by which time we are told that Governor Newsom would like to make sure that all vehicles sold in the state of california are electric or, well, just not gas, nothing gas. They dont like the gas. It really ticks them off thinking there are still gas vehicles out there and if youre riding in one they hate you, they dont want you. It is not that severe but the whole 15 year deadline to get this done is a bit severe. Kristina partsinevelos following all of that and the fallout from all of that. Kristina. Reporter neil, i do know that song, yes youre right, governor Gavin Newsoms executive order would be the first state in the United States to mandate elimination of gas powered vehicles in the next 15 years, like you said, by 2035. No it will not disappear completely. Gas fueled cars will be available on the secondary market. You can have the ones you still have and by secondary ones. That will have Ripple Effect on the auto industry. Why . California is the largest auto market in the United States. They account for 11 of new registrations for cars and light instruction according to Research Firm ihs market. California already requires, pushing commercials trucks and vans sold in the state to be by 2045. They might ban all fossil fuel vehicles within its borders 20 years or so. It raises a question of affordability. Because a lot of electric cars may not be affordable for the average family. Electric cars are somewhat of a premium product. Mostly luxury automakers making these vehicles. Average consumer is looking at this, saying i cant afford that. That is one of the big concerns buying electric cars, affordability, range, where can i plug it in . Reporter many auto manufacturers havent really commented on the Initiative Just yet but they re