Administration of government will continue uninterrupted. Campaign staff are tested positive and she was on air force one and marine one with the president on wednesday. There is a long list of senior officials who came in close contact with her. The risk is some will test positive two. Vice president pence and his wife karen tested negative, so to has Steven Mnuchin. The president will be off the campaign trail for the foreseeable future, his trip to florida has been canceled, it is possible that the next debate will be effective, its 14 days away and the hearings for judge Amy Coney Barrett will be affected, shes been visiting senators all week, yes there is a stock market selloff, this is what happens when you throw more uncertainty into a chaotic election, it is not panic selling, the dow was off 460 points, that is 1. 6 , that is a big drop but not a panic, the nasdaq component down threepoint to percent, a very big drop but not a panic selling. A halfhour ago, 830 eastern time, we received the job report, 661,000 jobs added in september that is a disappointing number and because of it there may be or pressure to pass a new stimulus bill as for september Unemployment Rate it did come down to 7. 9 . Later in the program we hope to be joined by larry kudlow, the top economic guy in the white house, we are working on that, from all of us, best wishes to the president and first lady for a speedy and full recovery. Varney company is about to begin. Stuart lets get right into the situation with doctor iranian jackson, the former white house physician for President Trump. Doctor, the New York Times is reporting that the president does have symptoms, what do you know of this. I talked to somebody earlier today and i was told the president did not have symptoms he was symptomfree and thats what im going off of right now, i have not heard that and i recently talked to someone at the white house as morning, i dont know how accurate that is and i dont know what the symptoms would become ive not seen the article. Stuart his return to full work would be depend on the severity of his illness and how severe it takes him, i am not asking you to speculate i am asking you to suggest what might be his date of return. Stuart the way i understand it, hes asymptomatic right now, hes in a really good position being asymptomatic because the vast majority of the people in his group being 74 years old and not having any other comorbidity such as Heart Disease or diabetes or anything like that, 95. 5 99. 5 or more in that category will go want to recover from the spontaneously, most will not have symptoms at all but the ones that do will have minor symptoms that they quickly get over. I think the president s prognosis is really good right now and i hope thats what we see that he continues to be a symptom addict. People are talking about him being quarantine for a period of time and most people are talking about ten days or 14 days, i think that will be inaccurate as well, the quarantine. Were put together for people that were exposed to somebody that tested negative and they were quarantine to see if they develop a positive test or if they got any symptoms, the president already has a positive test, he will continue to get tested aggressively every single day and when he gets to a point where he has to negative test that are 24 hours apart, he can go back to his normal routine and that could be less than ten days. Stuart incubation period before a positive test is set to be 5 mind, you look back over the president schedule over the past week and he has attended rallies, he had rose garden in washington, d. C. Rose garden conferences, a News Conference in new jersey and hes come into contact with a very large number of people including very senior officials and the government, the contact list is huge, i take it that theyre going through the contact list and testing everybody who is coming anywhere near him, that will take quite a lot of time as an. It will take time and are going to be aggressive about that. Most of those people in close contact with him even when he was at the rally site, those people were tested before they had contact with him, most of those people will know he had a negative test when they were in contact, they will try to reengage with all those people find that they develop symptoms after the fact and try to figure out where he was exposed, theres a good chance they will figure out when it happened and where and if it was related in the last two days or prior to that, the incubation can be anywhere from two to 14 days conceivably and i think the average is around five days, they will do their best to figure out where the explosion took place. Stuart the president had taken hydroxychloroquine, he had taken that some months ago and another treatment which is possible is remdesivir, what treatment do you suggest would be appropriate given to the president as of now. Seeing that hes still asymptomatic which is my understanding, i would say its reasonable that they might give him hydroxychloroquine again because he had that previously and he was treated with that prophylactically from an exposure before we can be confident that he will not have any negative side effects from that, here to have that medication and they would give him a treatment of hydroxychloroquine, they could do that and also given vitamin d, zinc, those are harmless drugs that could have some benefit and they may use a z pack and they may use inhaled or nebulized steroids, those are pretty harmless but potentially beneficial drug with regards to remdesivir, i dont think the go down that path unless you develop symptoms, if he does develop symptoms they will pull the trigger, thats a medication that has the potential dumber side effects than the others and i think they will hold off until they feel like they need it and if he does have symptoms, that would be a cue to start that. Stuart doctor ronny jackson, think of her being with us. Thank you. Stuart the other side of this is the market, futures way down again, not panic selling but the dow is looking of a loss of 500 and the nasdaq closed at 300. Susan last night after the diagnosis and President Trump announcement that we were down 600 points for the dow and it recovered around 300 points and extending the losses because of the jobs report this morning, the fear gauge is something that we look at in judging how panicky the market is, its only at its highest in a week and usually there is real panic you would see that shoot up and spike up more severely than a house, wall street is buying some insurance but a lot of uncertainty in wall street is trying to gauge the policies, what does this mean for the election, what are the chances for biden and what does this mean for a second wave of covid affected the u. S. Economy and during the weaker dog enter jobs report, the good news is, this is a wakeup call to the senateo something about a second round of stimulus. Stuart it does throw a second round of stimulus into the mix on the market this morning. The house has voted in favor of a 2. 2 trillion dollar rescue package. Susan which the senate and Mitch Mcconnell says they will not do at that level. Stuart that changes the equation, does this news, the president testing positive, does that test change the equation on what the senate will do on the assistance, we dont know at this point but we will find out pretty soon. Market watcher Jonathan Hoenig joins us right now, you heard the news, does this change your Investment Outlook at all . It does absolutely thrown into question, it is the financial story and a human story and we are wishing them a full and immediate recovery. And it does throw a huge Monkey Wrench a lot of and certainty into the equation everything from the election to the debates in our instincts is to panic and sell everything for the dow futures with 50 points off the lot and the nasdaq teachers at the low but part of it what makes it difficult, even taken the election away, the president is very involved in the economy, everything from the discussions on tiktok, tariffs and potentially more stimulus, it does have a big effect of what goes forward in the market going forward, im keeping an eye on a couple of factors, tech stocks as they go so goes the market, junkbond fault and that could be a weakness for the market. Stuart real fast would you backup susan and myself saying its heavy selling but no panic, what do you say. It is not panic just yet, thats a positive sign and i encourage our investors in times like this interviewers not to panic, keep focus on your longterm goals and longterm plan. Stuart thank you for being here, we appreciate it. Britains Prime MinisterBoris Johnson contracted the virus and for a while he was in the i see unit out there, he is speaking out this morning, what is he saying. Lauren he treated his best wishes to President Trump and first lady melania a saying he hopes they both have a speedy recovery from coronavirus, why is is parallel so key, Boris Johnson in march was diagnosed and spent time in icu and handed power over to his deputy dominic rob at one point, that is the parallels that people are making this morning as President Trump has coronavirus, how bad do the symptoms get, what could the next course of action be. Boris johnson is 56 years old, President Trump is 74 and in covid terms, that is a very big difference, Boris Johnson is one of nine World Leaders who has been diagnosed with covid19 and including the president of guatemala, honduras, belarus, the Dominican Republic and brazil, many leaders added to this list, they are treated differently because they are World Leaders and i say that with the sense, just because you hear someone who is rushed to the hospital, it means to take an extra precaution, it does not always mean panic. We are hearing from Vice President biden, the hill is reporting that he will be tested later this morning and this is his tweets, jill and i send our thoughts to President Trump and first lady melania for a swift recovery, we will continue to pray for the health and safety of the president and his family. Stuart thank you very much indeed, back to the market we are looking at down 480 on the dow, 1. 7 , look at the nasdaq, tech is taking a badly so to speak, down 285 points, that is about 2. 5 , lets reiterate that, that is not panic selling, that is heavy selling. We are 32 days from the electi election, there may be no more rallies, certainly the next one is being canceled and possibly some impact on the debate schedule, the next one scheduled for october 15, while under what does it mean for the 2020 rates, we will tell you a busy breaking news day on varney company. We will be back. Its like she can see the future. What . its like she time travels in a rocket ship. Thats cool and then she comes back saying try this or try that. She helps everyone. She helps them feel less worried. Wow mommy, so what is it that you do . Im a financial advisor. She is aig proudly supports all the professionals taking care of our financial futures. Noand if youre troubledan a liby falls and bleeds,ners. Worry follows you everywhere. Over 100,000 people have left blood thinners behind with watchman. Its a onetime, minimally invasive procedure that reduces stroke risk and bleeding worryfor life. Watchman. Its one time. For a lifetime. So youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Stuart we will keep you up to speed with the market, we are looking at a loss to 4 500 points on the dow into 70 280 on the nasdaq, a lot of selling today, susan li back with us as morning, this is the latest news on the virus, very bad news for the groups of stocks. Susan economically sensitive, the big travel, hospitality, oil stocks, those are pegged to a recovery in the u. S. Economy and thats like the job gains that we saw in september, most of those were leisure and hospitality, that was a positive take away President Trumps covid result may be a possible second wave of covid as well and without any stimulus, less jobs growth, weaker outlook on the u. S. Recovery and thats which dragon these today, if you look at the nasdaq down 2. 5 , i think that extended the losses to the job report, they get those that have been overbought in the last few months, apple, amazon, those will be leading the decline with profit taking. Stuart we put a list of the big tech, they are down 2 , not exactly acrosstheboard but down sharply this morning, that is why the nasdaq is up to 73, the rally is on hold, one has been canceled and the rest are pretty much on hold, the debate is in jeopardy too, that is the situation, before we get to our guest, i want to add this, the Judiciary Committee says that the barrett hearings for the next Supreme Court justice will go ahead as planned, october the 12th its supposed to start and the Committee Says she will be out of committee by october 22, we were speculating that maybe this news would influence the barrett hearings, the judicial Committee Says not so, James Freeman with us now with the washington editorial board, heres my opinion, the impact on the market in the election depends a lot on the severity of the president s illness, what say you. I think you are 100 right, it is obviously perhaps a more difficult challenge for the president then it would be for joe biden because mr. Biden relying on campaigning from his house, largely the president , his campaign tends to be the rallies of big enthusiastic crowds, i think you are right, this is an issue where we saw the other night all the shouting and hard to tell what was going on what was being said in the debate but one clear message was a president was saying i am the reopening candidate and biden is open to more lockdowns, which he is. I think how this goes will largely be determined by the course of the virus. I think itll be a quick recovery, may help him. Stuart im inclined to say we are all going to become a bit more cautious, after all the president of the United States and the first lady both come down and test positive with the virus, then anybody can test positive, i think that might make it a bit more cautious about reopening the economy, where do you stand on that . It is possible it goes that way but i think its also possible that if the president as you suggest and we hope a speedy recovery, it does underline the fact which is not often noted so much of media that most people come through this largely, is largely uneventful for most people, we talked about how we present almost 0 risk to children even at age 74, the president , his odds are very good, i think while there has been a great deal of fear when what we hope is a speedy recovery might underline his general point which is that you cannot have a cure that is worse than the disease in life has its challenges but we need to go on and of course we can get into the debate how the lockdown seems to improve Public Health anyway but this was set up all along as a hope versus fear election with mr. Biden leaning toward lockdowns and President Trump saying we gotta reopen, it might possibly underline the trump case. Stuart may be so, im not going to say only time will tell a thank you for joining us as morning, it is an open question in the developing story, we have this coming out of this, Hillary Bonnie d. C. , we just learned that treasury secretary Steven Mnuchin is tested negative and he is not quarantined, we just found that out. We are learning the last contact he had with the president was on wednesday and on top of that he tested negative, hes been advised that he does not need to quarantines and he can go about his business and continue contact with other people essentially he is in the clear but we are also closely following what this means for the Biden Campaign and their travel today, we do know that the vp nominee Kamala Harris is going to continue with her scheduled travel to las vegas, she should be on her way. I believe at this moment to the airport to fly to las vegas and she will overnight in Salt Lake City utah and that is relevant because thats an indication that at least as of now, there is an understanding that the vp debate scheduled on wednesday in utah is going to go on as planned. But there are concerns what it means for the next president ial debate, the president were to quarantine for a full 14 days and his medical team has indicated that he is not expected to quarantines for the full 14 days but instead 7 10 days if he can get multiple negative test, if he did the 14 day quarantine that would put him one day past when the president ial debate is supposed to happen in miami, a full 14 day quarantine would be october 16 and then clear, the debate is supposed to happen on october 15 in miami so were waiting for more information on what that might mean. Stuart thank you very much indeed, to repeat, the president s doctor said hes doing well, however, the New York Times says the president is suffering minor symptoms, that is a state of play with the severity or otherwise of the president s illness. On wall street is significant loss but no selling, down 450 on the dow, 260 on the nasdaq and we will be back. So youre a Small Business, or a big