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 l