From washington. Of blake, we start with you, my friend. Reporter connell, the headline over here in washington is that the white house has increased its offer for a revised covid19 relief package. A Senior Administration official telling me the new number is, give or take, 1. 8 trillion. The white house has come up from the 1. 6 trillion range that it was previously at. Larry kudlow revealed the news on fox business earlier this morning saying there was an oval office with President Trump, treasury secretary Steve Mnuchin and chief of staff mark meadows in which the president gave the green light on the new offer. Mnuchin held a phone call with nancy pelosi this afternoon to go over the offer. However, the goalposts for President Trump have been shifting, because as that employees i pelosi hi mnuchin phone call was happening, the president was on the phone with Rush Limbaugh saying he wanted even more. Listen here. I would like to see a bugger stimulus package, frankly, than either the democrats or republicans are offering. Im going the exact opposite now, okay . Im telling you something i dont tell anybody else, because maybe it helps or hurts negotiations. I would like to see a bigger package. Id like to see money going to people. Reporter now, democrats right now are at 2. 2 trillion, and pelosis deputy chief of staff suggest today that the white house suggested today that the white house offer is insufficient. Here was the tweet of special concern the absence of an agreement on a Strategic Plan to crush the virus. For this and other provisions, we are still awaiting language from the administration as negotiations on the overall Funding Amount continue. Pair that, connell, with what Mitch Mcconnell said in kentucky today, he said that he believes that the differences right now between both sides are, quoteunquote, vast. And in his opinion, the Senate Majority leaders opinion, he believes that a deal will not be reached before election day. Bottom line though, the white house moving up, the talks continuing. Back to you. Connell all right, blake. Mcconnells the one that needs to get those votes. Lets stay at the white house. The White House Council of economic advisers acting chair joins us. Anything you would add before we dig into the economics on this in terms of size and scope or timing of the package that we might end up with . Well, good to be with you. I can confirm that the treasury secretary met with the speaker earlier today to present our offer. It was a very good offer, it was actually closer to 1. 9 trillion. It included reloaded the Paycheck Protection Program, it included an Employee Retention tax crept, it included Additional Support for the Airline Industry which has been particularly hard hit by this i crisis, it included a second round of Economic Impact payments to help american households maintain liquidity as we continue this recovery, and it included Additional Support for schools to safely and fully reopen. So we think this is a very solid offer, and its up to the speaker to be reasonable on this. Connell close to 1. 9 trillion, you say. Is 2 trillion a line in the sand for the white house or to the president s suggestion earlier, might you be willing to go higher than that if the circumstances were right . So im not going to to draw any red lines. I am going to say that the offer that we presented was on the basis of sound estimates of what the anticipated shortfalls would be. And also what would be needed to further help businesses and employees maintain their matches to help people stay connected to their jobs. And, again, to provide the support that households need as we get through this continued hard times. Connell i said i wanted to dig into the economics a little bit. Have you put numbers together and projections about what growth might look like Fourth Quarter of this year, First Quarter of next year with stimulus like the stimulus youre talking about versus without if nothing gets done . Well, we certainly have done some nearterm modeling, and i think certainly for the Third Quarter were looking at a very sharp rebound from the Second Quarter lows. Were looking at equipment investment, when were looking at personal Consumption Expenditure on the basis of retail sales in july and august and september, when were looking at the Housing Market and real residential investment, i think were looking at a very sharp rebound in the Third Quarter, and that should continue into the Fourth Quarter. And, but the pace of the recovery would be substantially higher if the congressional leadership were to accept what we think is a very solid offer. The secretary of the treasury put forward earlier today. Connell substantially higher. Lets talk about real people and what they might get out of all of this. Whats the most important ingredient, do you think, for people who have been struggling, quite frankly . Axios, just as an example, put something out this morning talking about the people who most need the stimulus, and they talked about the longterm unemployed. And and i know mark zandi because quoted from moodys saying longterm unemployment might peak when that numbers around 5 million. A, do you agree and, b, more importantly, what on the releaf side can be done to help those people relief . One of the things that we learned in studying the after. Matt of the aftermath of the 20082009 recession was the importance of maintaining job attachment, importance of maintaining connections between employers and employee froms. And thats why in the cares act we responded very aggressively with the Paycheck Protection Program, with an employee retech tax credit and with retention tax credit and with pandemic employment assistance to the selfemployed, to Sole Proprietorships to help them maintain those matches. And now as we transition from survival to recovery, we are very much focused on encouraging a continued labor Market Recovery. And thats why even months ago the president was proposing a full payroll tax holiday. And, unfortunately, congress was unwilling to act on that. But even the absence of action from congress, the president engaged in president ial executive action as to provide temporary payroll tax relief. And now with the offer that we put forwarded today, e weve provided a reload of the Paycheck Protection Program to help continue to maintain those connections between employers and employees and also an expanded employee retension tax credit to help people stay connected to their job. We think that is going to be the most important thing to make sure that the labor Market Recovery continues and the temporary job losses in those horrific months of march and april remain temporary ask that people are able to go back to their employers. Connell final thing outside of what were talking about now before i let you to go in terms of other areas that we might get some relief for stimulus for the economy, how about a Coronavirus Vaccine economically . How much stimulus would that add, do you think . Well, certainly solving the pandemic would be a tremendous boost to the economy and, indeed, the global economy. And i can say that we have made tremendous progress on that front through operation warp speed with multiple candidates now in phase three trials and with the Production Capacity in place so that we can ramp up production once one of those candidates is, hopefully, approved. But in addition to that, weve also had unprecedented use of emergency use authorization. Indeed, remdesivir is one prime example of that. With the president signing emergency use authorization for multiple advanced therapeutics, and that is why we continue to see the case fatality rate improve, to see deaths continue to decline even as cases rise, and also weve seen the president continue to deploy the defense production act including over a hundred times to provide the ppe and additional medical equipment that we need to combat this virus. Connell tyler goodspeed, live from the white house north launch thank you, sir. Lauren simonetti joins us now as we get back to the markets on a strong friday. Were up 160 plus there on the dow at the end of the day, so thats the way you want to wrap it up, right . Reporter lots of back and forth in washington, connell. But, yeah, or we wrapped it up the right way because traders are betting lawmakers will get a stimulus deal through in the end, and that is what boosted stocks for day number three. As you mentioned, yeah, dow up 161 today. It is positive on the year. The nasdaq and the s p 500 gaining 158 and 30 points respectively. Let me show you the week or even better. Best week in three months with the s p up almost 4 . The reasons are clear, optimism on stimulus but also, and weve heard this from a lot of banks, a lot of traders, connell, traders are getting used to the idea that either a clear joe Biden Victory or a blue wave of Congress Might not be as bad as initially thought. Today the consumer led the way if you look at the sectors, it was discretionary and staples as well as technology that were the strongest. You see names like target and lowes here hitting new highs along with some of these others. And if you look at the Dow Jones Industrial average winners, you have tech, you have microsoft, saleforce, apple along with visa and unitedhealth. United health, by the way, one of six dow stocks, guess what . Reporting earnings next week. Earnings season is here again, and we are expecting it to drop about 20 as Corporate America still deals with and responds to the pandemic, connell. Connell well be on top of that next week. Thank you, lauren. In the meantime, were talking about the debate over the debate stage with President Trump and the democratic nominee, joe biden, still going head to head about whether to go virtual, well talk to karl rove about the impact on the 2020 race. Plus, louisianas governor is warning residents to brace for impact as hurricane delta is bearing down on the gulf coast. We are tracking that storms path, and and well have a louvre report later in the hour. Live report. We talked to two congressmen cosponsoring a bill to give student athletes a chance to make some money. Stick around. Fidence. So we can spend a bit today, knowing were prepared for tomorrow. Wow, do you think you overdid it maybe . Overdid what . Well planned, well invested, well protected. Voya. Be confident to and through retirement. 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. Connell uncertainty over the president ial debates. The trump and biden president ial campaigns have been going back and forth over how to move forward after the commission on president ial debates announced the next one would be virtual. To Hillary Vaughn live in washington with the very latest. Hillary . Reporter hi, connell. Well, there may only be one president ial debate left of this cycle after democratic nominee joe biden this afternoon was asked about the fate of what is supposed to be the second president ial debate next week in miami. Mr. Vice president , is the second debate totally dead . Reporter its hard to hear through a mask and social distancing, but biden did respond to that, i think so. Both candidates were doing their own events, are planning on doing their own events on what is supposed to be debate day next week, bide within will be doing an abc town hall instead, and trump wants to hold a rally. Even though President Trump rejected the offer to hold next weeks debate virtually, the president did a virtual twohour rally today on the Rush Limbaugh show where he explained his debate performance at the first debate. But i had to be rude because he was lying. Hed get up and say a series of things, and they were all lies. Id say false, and they said i interrupted him. But most polls say i wont won it with him. I won it with him. Id rather let him speak because hes gone, hes mentally gone, and eventually he goes off track, and hell Start Talking about the birds and the bees. Reporter the commission of president ial debates is doing cleanup after the moderator for steve scully sent a controversial tweet to anthony scaramucciing asking if he should respond to trump. It looks like an attempt to salvage the debate. Scully now says he was hacked, he dud not send the he did not send the tweet, and the cpd i says theyve reported it to the fbi and to twitter as well. Congress . Connell all right. Hillary, thank you. Hillary vaughn in washington. Karl rove joins us now, former Senior Adviser to president george w. Bush, fox news contributor. Will not be taking any questions on the birds and the bees today at all, but maybe we can start by talking about what you would do if you were in this situation. In other words, if this was president bush, same situation as President Trump, all things being equal, would you to do the virtual debate . Would you handle it the way hes handling it . How would you advise the president to handle this . Well, id start by saying my doctors willing to meet with any of your Health Care Professionals to reassure you that i wont be shedding any virus at the meeting, at the debate, and theres no need whatsoever to move it virtually. And then id be making the second point i saying i really think this is advantageous a move that is completely ad van today juice to my opponent because, as we know, hes been using a teleprompter in connection with his camera is the visits, you know, his satellite visits into tv studios around the country. And a virtual debate will allow him to do exactly that. And so you ought not to be having a format, making decisions that advantage one candidate over the other. You ought to try and play it straight down the middle. So id be doing the yin and the yang. Im a reasonable guy, talk to my doctors, im fully capable of being in that room and not making anybody sick, but id also be e saying im calling you out, commission, did you turn it into a virtual debate so he could be sitting there with the teleprompter on the camera as he did in local interviews where they would literally pull up his talking points, and he would refer to them in front of him on the teleprompter. Id call em out. The president ial Debate Commission is not constituted by an about of law. They have a responsibility to do this in as fair and impartial manner, and i thought this was a precipitous decision, imperiously made and improper. Connell if all of that failed, would you still just do the one, or would you then finally give in and go virtual just on the basis of the old saying if youre trailing in the polls, you need the debates more than the guy ahead . Id go ahead and do it, but id make a scene about it. Ing ill give you an example. Youre going to be someplace, why not then be in a room . People can be masked and socially distanced, and you can say, look, this is entirely ridiculous. We should have been in the same room. Shame on you, president ial Debate Commission. I have a group of ordinary americans who are watching me, i hope they were selected by gallup or somebody helped i hope youll give them a chance to ask us both questions as well. Connell broader question, karl, on the election, you know, whether theres one debate, two debates or no debate, if President Trump ends up winning on november 3rd in other words, comes back or the polls are wrong how will he win . Last time we would have said, boy, that was surprising how well he did in the rust belt, pennsylvania, michigan and wisconsin, what would the story be this time if he did win, do you think . I think people would look back on these final 24, 25 days and say, you know what . As it came down to the close, he did a couple of things that were really important that a made this a choice election. I began to understand with greater clarity what the differences were between him and joe biden on the big issues, and i decided i wanted him for four more years. That requires president to do three things; a little bit of look at the job ive done, more about what it is i want to do and a lot more on what are the big differences between me and my opponent. Thats why the more debates the better, and thats why a disciplined message each day where he tries to frame up those contrasts between he and joe biden are so critical to his success. Connell one final point, karl, if you have time here before we go on another political issue that came up in washington today, the speaker of the house, nancy pelosi, held a press conference where she spoke about use of the 25th amendment, the procedure where the Vice President would take over the duties of the president and, among other things, she said this. Lets listen. This is not about President Trump. He wi