Extraordinary hour of top business and economic leaders in our third countdown president ial debate economic undercard. Our superstar lineup has all the angles covered. Tyler goodspeed, council of economic advisers acting chairman. He gives us the President Trump perspective. Vice President Biden supporter and media legend leo hindery. Robert kiyosaki and Real Estate Investor jeff greene go headtohead in our economic faceoff. And the godfather of Venture Capitalism, Alan Patricof on how he sees business faring under the 2020 victor. Stimulus negotiations continue in the nations capitol. Take a look. We have the dow jones industrials, mark it here, up 156 points. S p up 16. The nasdaq better by 19. Apparently quite a few of you as we are talking right now are looking for a stock alert and you didnt like your smile in the zoom video reflection. That was great news for align technology. Take a look at shares of the maker ofinvisalign. They are sparkling atop the s p 500 after posting Third Quarter results that blew past wall street estimates. It credits the zoom effect. People on zoom video calls, right, wait a minute, do i want the video up, you look at yourself. Okay, they didnt like what they saw during the pandemic, they became more aware perhaps of their smiles on camera and that news is giving rival smile direct club a boost as well. You have align up 33 , smile direct club up 10. 7 . Let me flip it over to chipotle mexican grill. Not spicy enough at this hour for investors. Despite an earnings beat, the stock down 4. 25 . Wall streets apparently concerned about the maker of the famed burrito bowl dealing now with narrower margins due to higher costs. Is that inflation . I dont know. You guys get to figure that out. Investors gambling on las vegas sands. That gamble paying off at this hour after a smaller than expected Third Quarter loss. Jpmorgan raised its price target on the stock to 58 a share on bullishness that gambling mecca macao is coming back to life. Now, casinos with macao exposure include wynn and mgm. Lvs up 7 . Mgm better by 5 . Then wynn up 4. 25 . But flip it over to the mobile Sports Betting front. Draftkings still kind of struggling after its lockup expiration which happened just three days ago. Really triggering sustained selling over the past week. The selling even began on monday before the lockup expiration tuesday, but for the moment, draftkings is moving higher by 1. 9 . A fox business alert. President trump deplaning air force one. We are getting you your first look inside the epicenter of tonights faceoff on the campus of nashvilles belmont university. Take a look at the stage. It is set for the second and final president ial debate of the 2020 election. Each candidate will get two minutes each on six topics from covid to national security. Lets put up the list of these topics. One thing you dont see on this list is a pure play economy discussion. But dont worry. Thats what the claman countdown is here for in this hour. To kick off our economic undercard, we head straight to the white house and Tyler Goodspeed, acting chairman of the council of economic advisers. Tyler, welcome. You will be followed by joe biden supporter leo hindery. Lets look at a new fox news poll. It shows President Trump is trailing in three key battleground states, pennsylvania, wisconsin and michigan. He is holding on to a slight lead in ohio. We do know that people vote their pocketbooks. These are states President Trump won four years ago. What are we to interpret about the trump economy that if the polls are right, doesnt seem at least right now to be resonating with voters in at least three of the four key battleground states. I think its certainly worthwhile to cast our minds back just a few months ago. In 2019, the median American House hold experienced real income gains that were more than five times cumulatively over the three years through 2019, more than five times total income gains over eight years of the preceding administration. In one year alone, 2019, the median American Household experienced real income gains that were more than eight years entirely under the preceding administration. I think whats especially telling in the census data is that inequality was declining so for two years in a row following landmark tax reform in 2017, by pretty much any measure, income, wage or wealth inequality, inequality was declining in the United States and that was a reversal of the preceding eight years. So i think right now we are focused very much on returning the u. S. Economy as quickly as possible to the state of affairs that prevailed on the eve of this pandemic. Liz im glad you bring up people right now who have in the past really felt some benefits from the gop tax hike tax cut, rather, which of course was very much promoted by President Trump but right now, we are looking at still a big chunk of americans who are unemployed. First time jobless claims came out today for the week and they actually were better than expected. This is the number you want to see come down. So we saw it come in, you know, we can put it up on the screen, 756,000. The expectation was for 787,000. But gig workers filed 1. 1 million so that is certainly a group of people who are desperate for help but they also are exposed to problems with health care because as you know, they work for themselves. They are gig economy workers, independent contractors. We are still waiting on a Health Care Plan. Tell me what we can hear from the president on that. Well, first of all, yes, the Unemployment Insurance claims are trending in the right direction but the levels are still far too high and that is why we are very focused and negotiating in earnest for a phase four piece of legislation that would include a reload of the Paycheck Protection Program that would include expanded Employee Retention tax credit and it would include among other things a second round of Economic Impact payments for American Households and enhanced Unemployment Insurance for americans who may have lost their jobs during this economic crisis. But the trends are certainly moving in the right direction and in terms of health care, let me just say that at the end of the day, under the president s Economic Policy agenda, we have observed lower drug prices, lower insurance premiums and increased private Insurance Coverage and that is the result of a plan and an Administration Policy that has promoted increased choice and increased competition and moving forward, i think the key piece is going to be building upon the executive order that the president signed that may obtain complete protection for those with preexisting conditions. Liz well, we have been waiting on that for awhile. Listen, we just work on facts here at the claman countdown. Heres what the president said july 19th. I want you to listen to it. It was on Fox News Sunday with chris wallace, then we can talk about this repetitive promise we would see a Health Care Plan in two weeks. Hes promised that as far back as 2017. Lets listen. Were signing a Health Care Plan within two weeks. A full and complete Health Care Plan. Liz we dont have that yet. I know youre not the health and Human Services director, but this is a huge economic issue. It is the biggest nut along with tuition and food that people are desperate to have more of. I think folks should look at the white house website. There is a release on september 24th which lists over a dozen provisions of actions that the president has already taken or will take and these include the expansion of availability of Affordable Health care options like Association Health plans, like Health Reimbursement arrangements and other shortterm limited duration plans that as i said provide greater choice and greater competition. That is why we have seen in the data increased Health Private health Insurance Coverage and lower insurance premiums in addition to what we have been doing for three years at the food and Drug Administration under the commissioners there to expedite approval of new generic entries so that we get increased competition in the provision of drugs and that has resulted in unprecedented relative price declines in the prices of pharmaceutical products. Liz tyler, we will leave it there because we are giving equal time on this economic undercard to the other side as well. But its going to be fair and balanced all throughout the hour. Tyler goodspeed, great to see you. Thank you for joining us. Fair and balanced, we have heard from team trump. Now for the biden perspective, the Telecom Media and tech titan who wrote this headline. The American Economy is in critical condition. Thank trump. Private equity giant leo hindery coming out swinging as he makes the case for former vp joe biden. 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Purely from an economic standpoint, welcome to our economic undercard, purely from this economic picture and taxes, you stand to take a tax hit from joe bidens plan, both personally and from a business standpoint. Lets talk about why you would support him in light of that. You and i have known each other a long time and from business, theres three things that matter and they have always mattered preeminently. One is sort of a vibrant middle class thats growing from the bottom up. One is clarity and the other is fairness or balance. I could argue pretty capably right now that we dont have any of those three. I certainly dont blame the president for the pandemic but the imbalance between the extremely wealthy in this country and the middle class is beyond extreme at this point and theres nothing about the biden presentation, biden proposal that i think will have a material effect on the top of the economy like pundits suggest. Liz you mean material as in a negative effect . On the phone yeah. I think that no tax increases for anybody making under 400,000, there are millions of women and men that dont have a clue what were talking about when we say that. And i have had im sorry, liz, i have had a lower tax rate for decades now than most of the women or men that have been around me professionally. Thats just not right. We talk about it all the time and it doesnt change, and one of the reasons im excited about the biden proposal is that i think that joe thinks in terms of balance and fairness, and i thought the trump tax plan that was passed right after his inauguration was anything but balanced and anything but fair. Liz under president obama, whom you also served as an economic adviser, the Corporate Tax rate hit 35 . We saw during that time, Many Companies pull up their stakes and move overseas to countries like the uk, with much lower rates. The gop tax plan with trump support brought it down to 21 . The biden plan will hike it to 28 , but thats still not back up to 35 . What is the defense when people say joe biden is a socialist . That doesnt exactly look like a socialist Corporate Tax rate. Socialist Corporate Tax rate would be 40 , 50 . But does it make sense to even hike a few Percentage Points during a pandemic . Are you worried about that . On the phone i think looking back in hindsight, 35 was the wrong number. I think there is a point when you break the backs of the corporate and you get the kind of behaviors you talked about, which is transit overseas. I think the 28 thats being proposed now is fine. Its a fair jump from 21 , as you have commented several times on your show, roughly 20 of fortune 500 pay no taxes so they are indifferent to that rate, and joe, i think, i really believe, is about both growing this economy in a balanced way as well as addressing the needs of the middle class which is why im so supportive of his candidacy. Liz during his campaign four years ago, this goes to the tax rate that you have paid, donald trump promised he would hit the rich by eliminating the socalled carried interest which is the loophole which enables guys like you to pay a way lower rate than the rest of us. What do you expect joe biden would do as president with carried interest . On the phone i know that given the opportunity, he would abandon it. Its intellectually dishonest, its enriching millions of people that have no business being enriched in that fashion. I have been a beneficiary of it. I have testified in front of congress six times that it is one of the most inane tax policies we have on the books and i am very confident that President Biden would finally get his hands around carried interest and eliminate it. Liz what do you think is the best thing that biden has to offer and can you compliment anything that President Trump has done . You are a rational guy. You are a businessman. Centrists hopefully will rule the world because we dont want extremes on either side. Did you see anything that President Trump did that you liked and what about the best thing that you think joe biden will offer . On the phone you know, when the president , President Trump, announced his tax plan without seeing any of the details, we felt it was likely to be appropriate. He had campaigned against an outcome that i could have lived with comfortably. Then in practice he puts a tax plan in place that rewards the top 81 or 82 . That was never the intention. The carried interest didnt get touched even though he had the opportunity. And with respect to the president , i found nothing he did on the tax world meaningful or appropriate. Liz leo, we appreciate you coming on and being part of our economic undercard. Thank you so much for joining us. Leo hindery, private equity guru and of course, the head of a new spac. Good luck with that. We are waiting to see how that develops. Teslas supercharged 2020 run getting an extra boost in this final hour. Look at shares right now. Okay, up 1. 7 . But year to date, up 413 and ceo elon musk, not looking to lose any of that energy. The three newsbreaking announcements, the always colorful tesla chief made in the wake of those earnings just 24 hours ago. We are going to get them to you next. The closing bell ringing in 39 minutes. The dow up 159. We have green on the screen. Dont go away. Think well make it in time . You may not expect the unexpected, but you can certainly take it all. The lexus es. Wow, this rain is bananas. Now available with awd. Lease the 2021 es 250 awd for 359 a month for 36 months. Experience amazing. At your lexus dealer. Liz even on news that came about two and a half hours ago that spacex had to scrub the launch of its 15th Starlink Mission due to a rocket camera issue, elon musk still dancing away after a stellar earnings report. Heres what happened. 24 hours ago, right after the show, remember, tesla clocked its fifth consecutive quarter of profits and sales and the stock is moving higher by another 2 . But believe it or not, the numbers were not the most exciting part of his postearnings conference call. To Cheryl Casone on the three big revelations he made and what he said. Cheryl yeah. Im sure hes dancing today, liz. Thats for sure. Big report from tesla last night. Lets start with the earnings for all of you. They earned 76 cents a share, 8. 8 billion in sales. Wall street was looking for 55 cents on 8. 3 billion. It was the companys fifth consecutive beat but the stock, remember, is up 408 year to date. Its not just cars. Elon musk said on the call theres in excess of a dozen startups within tesla that are happening under development and the most excitement seems to be around the concept of the tesla r robo taxi. They talked about the cybertruck which just got new competition from gmc and their electric hummer debut but i digress. They talked about building the cybertruck in austin, texas and also upping that delivery calendar for it. There is the truck. They have not given up on this thing despite a lot of sneers and jeers when they debuted the vehicle in this video. You remember all these pictures. Its the megachargers for the truck that might be a challenge for tesla. That kind of needs to be fixed or at least worked on. They got a lot of kudos for the success on battery day but just remember that cybertruck needs a much bigger battery. Also, musk did comment that at some point in the next few years they will move on from the original tesla design as they evolve and change their brand. The designers at the company are always looking to be better, be smarter and as we learned over the last year, elon musk does not let the grass grow under his feet, whether hes dancing on that said grass or not. But it was a big quarter. They really had a heck of a year. Liz they really have. We want to hear, we want our viewers to hear what he specifically said about the tesl teslarobotaxi. We have to focus on enabling the robo taxi system and have the car share with friends or family you can add or remove from the network. You can have it be entirely in the network. If you are an uber or lyft driver, you could be managing a fleet of ten cars. This will seem like a shepherd tending the flock kind of thing. Liz cheryl, thank you so much. We appreciate it. Stock as we said higher by just under 2 . Our prepresident ial debate economic undercard continues with a matchup of two Major Players in the world of real estate. But thats all about it when it comes to agreeing on anything. Trump supporter and rich dad, poor dad author Robert Kiyosaki versus billionaire Real Estate Investor and democratic donor jeff greene are about to face off next. Closing bell ringing in flin30 minutes. The dow up 173. Well be right back. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Nellie young lost her devoted husband. Without him, things were tough. Her last option was to sell her home, but. Her home meant everything to her. Her husband had been a High School Football coach and it turned out, one of his former players came up with an answer. A loan, created just for older homeowners. And pretty soon, nellie young had one of the first reverse mortgages. Discover if a reverse Mortgage Loan is right for you. 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Since then over a million Older Americans have used a reverse Mortgage Loan to finance their retirements. It meant so much to nellie, maybe it could mean as much to you. Call now and get your free infokit liz our economic undercard continues right here on the claman countdown. The commercial Real Estate Market has been devastated during the coronavirus pandemic as malls were forced to close, businesses who had no customers lost their leases. Which candidate can best save this very sick sector . Joining me now are two Major Players in the real estate world. Between the two of them, they own billions in property. Rich dad, poor dad author and trump supporter Robert Kiyosaki facing off against jeff greene, billionaire Real Estate Investor and biden supporter. Robert, i will begin with you. Commercial real estate as you know got crushed during the lockdowns. Whats your answer to critics who say had President Trump handled the pandemic better and more quickly, this sector would have been in a much better position right now . First of all, President Trumps a friend of mine. We have written two books together. We got together before he was preside president. We are both real estate guys. So the problem with the lockdown, the problems with commercial real estate, you know, people say, you know, 2008, 2008 was a Residential Real Estate crash, the residential market. 2020 is a commercial crou are asking a very hot question, liz. I think its better i ask mr. Greene there, because he has a little bit more experience than me in that world, because commercial real estate is being wiped out because of zoom, shutdowns, but also amazon. Liz, im happy to chime in here. Look, commercial real estate is a mess and i can tell you, certain pockets of Residential Real Estate are doing well. If you cant live in your city, youre stuck in the suburbs, you bought a house. Walk around and talk to some brokers in new york city. Talk to some brokers in los angeles to see how theyre doing in condo sales. Any of the cities in america, real estates in a blood bath because of this grossly mishandled pandemic. This president has put us in this position and we hopefully will have a President Biden to get us soon out of it. What will biden do differently . Liz yeah, okay. Exactly. Whats going to happen is potential real estate taxes will have to go up because states and municipalities depend on real estate taxes, Residential Real Estate taxes, to pay for the education system. So how will biden fix that . Look, im not studying real estate in books. Im studying it every day as a Real Estate Investor and developer. I can tell you i feel so badly for my tenants who cant pay their rent. We have tenants that havent been able to pay rent in los angeles since march or april, because they have been unemployed because of the way this pandemic has been handled. So this is a product of main street. What will President Biden do . I can tell you, he will help to rebuild the middle class in this country. In this country, look, anyone who wakes up, i always believed, i started with absolutely nothing, i was a busboy and waiter in palm beach before i moved here under very different circumstances, and i can tell you that i dont care if somebody wakes up and goes to work like you at fox news or if theyre washing floors. If somebody gets up and goes to work every day in this country, a wealthy country like ours, they are entitled to a decent place to live, a decent minimum wage, decent Affordable Health care and a job with some dignity. Thats what President Biden will bring back to this country. He will reinvigorate the middle class. Let me tell you one more thing. I am a very empathetic, compassionate person. I care about people who are struggling because i once struggled myself but even if i was just a greedy billionaire who wanted to make more and more money, how will i make more money in this country . By building the middle class like henry ford said. He needed his auto workers to be able to afford the cars. By doing what President Trump did to my tax cut, he just handed it out to all the wealthy and the big corporations but this time, the middle class are going to hopefully get their fair share. Liz im glad you said that. How does President Biden, if elected, how is he going to handle the rise in Residential Real Estate taxes because thats how you Fund Education . How will he change that . Well, Residential Real Estate taxes are going to be taxes are in trouble because Property Values are dropping down like never before. Whats happening, too, you talk about the trump deregulation. Because of their ridiculous policies, what we have now is more regulation. The state of california is talking about passing crazy rent control laws that are going to hurt the Property Values liz jeff, thats not the president. Thats not the president. Thats the state of california. This is happening because the pandemic hurt us so badly, liz. Hey, jeff, how liz robert, robert, you are asking jeff questions. I want you to robert, you are asking jeff questions. I want you to actually talk about why you defend how President Trump has had a record on this situation but specifically, you dont like the fact that the Federal Reserve has kept rates so incredibly low, but they have done that at the egging on by President Trump, who wants negative rates. So i know thats great for Real Estate Investors but how do you defend that kind of push on behalf of the president . Well, i dont, because i think what President Trump is attempting to do is make sure our businesses dont collapse, make sure the stock market stays up. So we have a bubble as Everybody Knows in bonds and stocks and in real estate. So i just want to know how President Biden is going to bring this down if hes elected. Liz again, the last word, jeff. Because we started with robert. Go ahead. Again, President Biden is going to do this by raising taxes on people like me. Look, i saw in your prior segment, my taxes will go from 37 to 38. 9 . Is it the case that somebody who makes over 400,000 a year cant afford 2. 6 extra in taxes . Whats that money going to be used for . Its going to be used to rebuild the middle class, to help with education, to help with health care so people can have decent lives, have money in their pockets to pay their rent again. So we wont have to artificially inflate the economy with fiscal deficits like President Trump did a trillion dollar deficit that well have to pay back, monetary deficits. Let me tell you one more thing. These markets are so inflated right now because chairman powell talks about rates being low for years and years and years. Chairman powells term is up in 15 months. Whats going to happen if a new chairman decides we dont want to have this funny money anymore . Liz thats a whole different conversation. Jeff, robert, you are both great americans, both successful models and we appreciate you coming on for our economic undercard. Good discussion, gentlemen. Thank you. By the way, do not miss a minute of our special coverage of the final president ial debate of the 2020 race. Neil cavuto hosts it like no other. He gets started at 8 00 p. M. Eastern tonight and he looks at it through the prism of your money and your portfolio. We are coming right back. I searched and found sofi and applied for a personal loan. I paid off my credit cards and felt a weight come off my shoulders. Thank you sofi for a great experience and for helping me get my money right. Liz weve got some news about private equity powerhouse apollo. It is under pressure at this hour. It is publicly traded, its down about 1. 33 as its founder leon black faces a review investigating its ties to infamous former financier Jeffrey Epstein who was linked and charged with underaged sex trafficking. Now questions are arising about blacks future at the firm. To charlie gasparino, who has exclusive details. Charlie as you know, apollo has hired an outside law firm to look at this. Its a law firm named deckert. The guy leading the investigation is a prominent white collar attorney. What we do know is this. As part of this investigation, leon black, the founder of blackstone, intends to provide a full accounting of his dealings with epstein. From what i understand, thats every payment he has made to epstein over the years, including years before epstein initially went to jail. As you know, epstein initially went to jail in 2009 for child for having sex with minors. He left after 13 months. Apparently blacks relationship with epstein continued even after that. It stopped several years ago, but you know, all this picked up steam, the relationship between them, numerous news report as epstein faced a second indictment on child sex and probably facing the rest of his life in jail. As you know, epstein killed himself in his jail cell. Now we have right now apollo amid pressure from investors. This is whats kind of forcing this. The stock is starting to tank in recent days as there was more reporting about this, just how much money leon black paid epstein over the years. Stock started tanking, investors in the private equity fund started pulling their money and then they were forced essentially to do an investigation with the law firm deckert. Heres one thing i do know, and i have been talking to people close to leon black about this. By the way, a legendary figure in wall street, private equity. Was one of the i guess one of the leading players in the private equity business. Founded apollo after he left Drexel Burnham in 1990. Considered a man of pretty good really good integrity. Thats why a lot of people are surprised by this. But it is not inconceivable. That means it could happen that leon black, whose name is synonymous with apollo, could leave the company after this probe, and i say that because you know, he has to account from what i understand, and he plans to account, just keep that in mind, for every penny he paid to epstein to show that, you know, epstein did real legitimate Wealth Management business for him and that he was not involved in any of the sordid activities. We should point out that the partner at deckert who is investigating, leading the investigation, is amy levander, longtime white collar criminal attorney. Hes really going to look at this. I would say right now if youre betting, this is a 50 50 chance leon black will have to leave apollo if he cant particularly if he cant account for all the money he gave epstein. I want to say one thing, though. Just hear me out here. I am no fan of Jeffrey Epstein. I was one of the last people to speak with him, last reporter to speak with him before he was indicted again and before he killed himself. He was not a bad money manager. He was actually good at his job, a lot of people said. I have spoken with dozens of people who know the guy. Take his sordid private life out of it which is disgusting, he was actually good. So it makes sense from that standpoint, just so you know, that leon black would hire him. He was a good wealth manager. He knew a lot about Estate Planning but hes going to have to fess up as to why he did and account for every single penny if he wants to stay at apollo. At least thats what im told. If he leaves apollo, its a big story. His name is synonymous with apollo and private equity investing. This guy is a huge figure. I think one other thing thats baffling is why he hasnt really publicly addressed this. There is an Earnings Call for apollo next week, thursday. He plans to be on it. At least for the beginning, and read a short statement. Liz okay. All right. You will have it. Charlie, thank you very much. Charlie gasparino. All right. The legendary billionaire known as the godfather of Venture Capitalism, invested in 19 companies over the years that have gone public. Including apple, aol, office depot, the real real. Now the sector that Alan Patricof says is the investment for all ages no matter what happens november 3rd. Hes next on the claman countdown. With the closing bell ringing in nine and a half minutes, the dow holding on to gains of about 183 points. S p charging ahead by 21. Well be right back. Liz within 30 years, the population of people aged 60 and over will double around the world. Now while wall street is constantly looking at millen was, how they invest with things like robinhood, tiktok, median net worth for americans age 65 and over are higher than any age group in the u. S. This is a lucrative demographic, folks. Investment legend, Alan Patricof, a young whippersnapper himself was an early backer of companies well ahead of their times to apple as we said to the venmo as well. 85yearold founder of Apax Partners and greycroft, joining us to talk about his new fund, prime Time Partnership, geared towards Companies Catering to Older Americans. Youre saying this investment works for everybody, correct . Tell us about it. Well truthfully, liz, i think we found, my partner and i abby levy, who is half my age, were a great combo have found a white space everyone has ignored. If you go into any Venture Capital firm and look in their reception room, see people 20 and 30 starting companies because theyre dealing with pets and dealing with dating, dealing with all kinds of subject. Meantime the Fastest Growing part of the population as you said is over 60. It will keep growing that way for the next 20 and 30 years. So we got together because we had both been on the board of thrive global, Arianna Huffingtons company where abby levy was president. We got together last year, she was concerned with wellness. I was looking at the aging population and the opportunities, we said lets start a fund that will serve products, services, experiences, technology, dealing with the aging population and we have been first of all raising the money, went so quickly. Easier than anything ive ever done. We have pipeline of seven companies. We made seven investments already. Were only 60 days out of the gate. So it is a wonderful area and, people just arent focusing on it. For example, while we havent made an investment in this area, everyone, weve seen 17 companies focusing on remote sensing, you know, rooms in your house, rooms in a Senior Living facility. What is happening to those people in there who are alone . Do they fall . Are they sleeping . Have they had visitors. All of the things that could go wrong, sensing is a big, big thing. We have not done it because there are some companies. Were looking at care giving. Were looking at telemedicine. Were looking at doing retirement planning. Dealing with what are people do at 63, getting ready to retire. How are they planning medicare advantage, medicare spending . There are some areas. Were an Ecommerce Company that i call, a combination between Surgical Supply store and amazon called carewell dealing with the products that people who are in these various facilities need to buy that are different than what the average Ecommerce Company is. Because it needs service. It doesnt just need an automated, press a button. So if you can tell my enthusiasm, youre right. It is there. Liz i do tell your enthusiasm. You are a guy over the years you dont put a dollar into something you dont think will give you a couple dollars back but talk to me specifically about as you roll up the companies all basically answering to this new and hugely growing elder population, how can the average person benefit from this fund and what youre doing . I mean we have an investor audience that is very aspirational here . Were not open for new investors in our fund but i would say there will be other funds formed in this area. More importantly i would love to see more entrepreneurial activity with new, Creative Ideas in this area. I should also say, liz, which is very important for your audience in a parallel win vesting with products and services we want to stand up and say, on a soapbox and say if youre an entrepreneur that big, made a big career in your age, in your 60s, your late 50s, you say i have done it once, i want to do it again in the same field, attract people who work with you before, we would love to back entrepreneurs no matter what theyre selling. They could be selling paint or doing landscaping. We want to say, hold a shingle out . Front of the door, prime Time Partners well invest in you if you got the Entrepreneurial Energy like me in doing it. Im doing it for the third time. I would like to find other people who want to do it for the second or third time and there are lots of them out there, if they have got a good idea, if they have a good rolodex, if they can attract people from where they worked before, were looking to bet on those kind of people to start businesses again. Liz wow. There is the invitation. I want what youre drinking. Alan, amazing energy. Were thrilled to have you on. Thank you so much for giving us your new thoughts on this sector for the elderly and the older folks, not necessarily elderly. [closing bell rings] they have got the dollars. That will do it for the claman countdown. Our thanks to Alan Patricof, walking our third economic undercard. The dow up 154 points that will do it for the claman countdown. It is time for after the bell. Connell we are now five hours away from what will be the last president ial debate of 20720. As we close it up on wall street what was a choppy session we do end to the upside and stocks are rising today on stimulus hopes. That is what is driving things lately. President trump and his democratic rival joe biden are getting set to go headtohead. We have a lot to talk about. Im Connell Mcshane reporting live from Sandy Springs georgia as we continue the swing state economy series. S it hand about a great series. Im Jackie Deangelis in for Melissa Francis today this is after the bell
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