Hillary vaughn on site at Salt Lake City for tomorrows debate. Edward well start with you. President trump shocked the market, democrats, and told his representatives to stop negotiating because the democrats are negotiating in bad faith. He started out his tweet saying that House Speaker nancy pelosi wants 2. 4 trillion package to help poorlyrun, in his words, poorlyrun high crime democratic states. Money no way intended for covid19. Adding she is not negotiating in good faith. The president is saying he is rejecting their request, instructing his representatives to stop negotiating until after the election. He urged Senate Majority leader Mitch Mcconnell to nominate and approve his Supreme Court nominee. This comes on a day that the Federal Reserve chairman jay powell also stressing that stimulus, more stimulus for the economy is something that is needed. He laid out how in the first cares act the federal government, help from the federal government and the Federal Reserve helped steve irv jobs. It also helped long term damage. He says if the stimulus package is too we risk a smaller recovery. The risks of overdoing it for now seem to be smaller. Even if policy actions ultimately prove to be greater than needed they will not go to waste. The recovery will be stronger and move faster if Monetary Policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods. Reporter now we may have no fiscal stimulus for at least the next four weeks. Dallas Federal Reserve president Robert Kaplan told me projected a Third Quarter 30 gdp growth, Fourth Quarter big boom if there is fiscal stimulus. Without he is bringing projectionses down. House Speaker Nancy Pelosi just releasing a statement saying clearly the white house is in disarray. She adds in the statement sadly they are rejecting urgent warnings from the fed chairman. Today also walking away from the coronavirus shows his contempt for science and disdain for our here rose in health care, firstresponders, sanitation, transportation. Obviously the House Speaker very concerned about this situation. Markets also very concerned about it. Back to you. Melissa all right. Thank you for that. I dont know, i dont know if nancy pelosi is concerned or if she is just like the president recognizing theyre not making any headway there, connell. I dont know, what do you think . Connell right now i would add the reporting thought what edward said from Charlie Gasparino was really interesting last hour the real story from what he is hearing Mitch Mcconnell didnt have the votes, rather than the president wanted to call off these talks. Next few days especially with the vicepresident ial debate coming up will be interesting. Well see how it plays out. Melissa definitely. Yeah, to Ashley Webster following the market reaction. Ashery . Ashley not great. Almost the worst day for the markets in two weeks. What a difference a tweet makes. For much of the session the markets have been moving sideways as investors waited on congress with the latest on the stimulus bill, also assessing the state of the economy, the final runin into the president ial election. A lot of things to digest. At 2 48 p. M. The dow sold off sharply. More, 3, 4, 500point turnaround that after President Trump said he called on his administration indeed to stop negotiating on the Coronavirus Relief bill until after the election. A big blow for many sectors, not to mention the airlines. But at the close as you can see all the red ink. All major indexes down well off 1 . The dow off 375 points. Down at 420 at its very lowest. Nasdaq, big tech also taking it on the chin down 1 1 2 . Lets look at some of the biggest losers on the dow. We have boeing there. It gave its annual forecast today and it was not exactly a rosy picture. The company saying global jetliner demand will fall by 2000 planes over the next decade because of the pandemic and it is impact on air travel. Boeing off nearly 7 . Apple announced plans for a Virtual Event one week from today that is widely expected to be the latest rollout off the new iphones even though the announcement doesnt say that at all. It is all part of the game apple likes to play. We try to interpret or some do. Apple widely expected to unveil four all new iphones able to use the new wireless 5g technology. Tech investors are losing ground as they are requiring to figure out how to play the overweight u. S. Technology shares still trading above their longterm valuations. It is not just tech stocks as you can see. American dress down 2 even though goldman raised it is price target a buck to 118. Home depot a pandemic winner for sure, also losing close to 2 after news that the Trump Administration wont negotiate a new stimulus bill until after the election. Not so much money in peoples pockets to do the dyi projects around the house. As for the Economic Data today the number of job openings unexpectedly falling in august. The total came in at almost 6 1 2 million. Short of the 6. 68 million estimate. We are definitely seeing a significantly slower pace of hiring than we saw back in may or june. Hiring is roughly where it was before the recession which is not great guys, with more than 12 million jobs still to make up. Melissa . Melissa all right. Ashley, thank you for that. Connell . Connell lets talk about how this might affect the big debate tomorrow night. Mike pence, Kamala Harris gearing up for the vicepresident ial debate that will take place in Salt Lake City, utah. Theyre calling off the stimulus talk, could open up another line of attack potentially for senator harris. Hillary vaughn is already on site at the debate in Salt Lake City and joins us for the preview. Hillary . Reporter connell, tomorrow nights vicepresident ial debate could be one of the most critical in history because were in a rare moment of time where the sitting president running for reelection was hospitalized just a month before election day and the democratic nominee, if elected would be the oldest president in history so that puts Vice President mike pences record and senator Kamala Harris record under a microscope as two people who could be in line for the presidency. Harris has major policy differences between the gop ticket andless the man on top of her ticket, whose platform she backs now during the primary she was much more progressive than biden. Harris has been on the ground in out saw utah for days. The last time she debated policies were different. Something biden strongly opposed. Harris also supported the green new deal. Biden does not. Harris voted against the usmca trade deal. A deal that biden has reluctantly praised as better than nafta. Harris also want as full repeal of trumps tax cuts while biden wants to keep cuts, some of those cuts in place for anyone making less than 400,000. Both candidates have been holding mock debates preparing for tomorrow night. Axios reports for the harris team former mayor Pete Buttigieg is playing pence. For the trump and pence team, former attorney general pam bondi is playing harris. After tomorrows debate were getting more information about what pence will be doing. He heads straight to the home state of indiana where he will cast his ballot in early voting there. Connell . Connell hillary vaughn, salt lake. It is interesting, melissa. There is lot of debate how much the vicepresident ial debates really matter. At the end of the day many times they dont. Maybe it is different this time. The current Vice President will have to answer for the white houses handling of covid including the president s dealing with it himself and now the stimulus tanks. Obviously a lot of pressure on senator harris as well. This one is a little more interesting than usual. Melissa i think so much more interesting and exactly for those reasons but also if you look at Vice President pence has been in charge of the Coronavirus Task force. So he is pretty much the perfect guy to have to quiz about how this administration has responded, what has been good or bad. He is a great person to get out there to defend it. With Kamala Harris feels like there is a lot of distance between her and bidens policies and this would be a great opportunity to drill down on that there. So im definitely watching. Meanwhile race for a vaccine, white house agreeing to a rigorous vaccine review proposed by the fda. Where things stand. 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It is closed down, fenced in, according to the owner, frequently vandalized. Protesters for Racial Justice have been at it since late may. Frequently involved with property damage. Over the weekend a starbucks was hit with two explosives, a lot of damage. 162 Downtown Stores are closed for good. Many are hanging on but have plywood covered windows and doors. Big employers like amazon have people working from home. The only people on the streets are homeless. One Business Owner has been vandalized in four months. The first after the big protest happened. That was the first breakin. We lost about 80 of our inventory on that day. Reporter many are blaming city leaders for allowing the violence. A Seattle Times columnist said the council is opposed to business. The councils loudest voices are running a revolution. If you break a window, if you put somebodys life in danger, you ought to face consequences. There should be no borderlines how were dealing with those folks. Reporter many other cities are saying the same problem. Certainly in chicago, minneapolis, hundreds of businesses have closed in portland. Here in seattle the answer has been to get rid of cops. 100 officers have been eliminated just this year and the council is promising more next year. Connell . Connell sad story in so many ways as you say, dan, first covid and then chaos. Melissa . Melissa here now is james freeman. He is assistant editor of the wall street journals editorial page. He is also a fox news contributor. You guys had a wonderful article in the journal today, i think it was today talking about the covid economy carving deep divides between the haves and havenots. And you illuminate more about what that kshaped recovery could look like and its not the thing that even weve heard necessarily Vice President joe biden describing or what a lot of people think of. It is this idea that there, it is not necessarily that the wealthy are moving up and the poor are moving lower, it is this idea the economy is divided not quite in half but into two sections. People have done better either because they work at home or because they work in an essential business or they work at amazon. All the kinds of things that everybodys doing right now, a delivery person from you know the local restaurant that might be doing better because theyre doing some deliveries. It is not necessarily rich versus poor. Some are doing better. There is this group whose business has been crushed and really shows very little hope of coming back. Who do you put in that category . I guess i would ask you next what do we do about that . People who are not blessed to work at home are in a terrible situation. In new york city we see it worse than other places. Weve seen the Unemployment Rate is so much higher than many other parts of the country. That is because Certain Industries cannot simply function. New york city is one the of the few places that basically has a total ban on theaters, movie theaters and theatrical productions. We see times square emptied out. Haves and havenots. They tend to be wealthier people who can work from home, who can work online, who are knowledge workers, tend to be doing okay. And, a lot of other folks if theyre in retail, restaurants, anything related to the Hospitality Industry it has been very tough. Even certain other sectors where the covid rules have added enormous cost to operate in a business. After a while, when the covid restrictions and the riots and so forth i think a lot of Business Owners have to ask themselves, is it really other it . Melissa yeah, obviously hospitality is one, a huge industry. Most workers in new york. It is unclear when it will come back. Eventually people are going to go back to disney world, for example but in the long run do you worry for the viability of indoor entertainment like move voice . What else fits into that category . I think about, you think about the airlines and how much theyre hurting. We are eventually all go back to flying because we are going to go places but what do you think goes away permanently . I hope nothing. I hope sanity prevails. We saw a lot of doctors, a lot of medical experts signing on to this Great Barrington declaration, urging exactly the opposite of what new york, new jersey have done. New york, new jersey the two most deadly places in terms of covid, locked down everybody, including people at low risk but failed to prioritize the protection of elderly especially in nursing homes. I would hope eventually people would be comfortable, especially, it is not so much people, we need politicians to be comfortable saying if you are at low risk you can go to a restaurant, you can go to a movie theater. You can go to public events. You can participate in sports. Kids can go to school. These are not highrisk events for people who are not in that elderly category or do not have a very specific condition for most people this is not a highly deadly disease. So i keep hoping with talked about this before, but i think it is just a question of people putting covid in perspective along with the other risks we face in our life and for many people, for most people, there are bigger risks in life than covid. I think that is part of what the president was trying to say this week. Obviously he got criticized for it. But i think a lot of doctors would agree. Melissa yeah. I mean were going to talk about that later coming up in the show. I was thinking the very same thing the words you were saying as they came out of the president s mouth more or less, there were journalists and news outlets across the country ripping their hair out saying that he is risking human life all over the whole country by saying these things that dont let the fear of covid dominate your life is a really radical and dangerous and horrible thing to say out loud. So i dont know. Well talk about that part with the president a little later. Go ahead. Yeah. Yeah. Weve seen the costs of all of the devastation. You go around new york city and its people who lost opportunities, lost businesses. It is not the vibrant city we knew. A lot of jobs but, have been destroyed. This has real costs. Impact on children