Commodities as well, as stimulus negotiations have gone nowhere, and the outcome of next tuesdays election still unclear. The dow having its worst day in more than four months. At its lows, a loss of 965 points. We are still down 750. We have the s p down 74, the nasdaq bleeding about 225 points. Wait until we show you the dow jones transports as well. Its not a pretty picture. We have our Market Mavens on high alert. We are filling the show with top voices and names to help you make it through this hour. Ceos are also on high alert as well. The ceo of the toy giant that makes those uberpopular lol dolls is here on what hes seeing with early Holiday Spending, but also, whats behind his 11th hour decision to change his vote from joe biden to donald trump . Mga entertainments isaiah larian explains the one thing behind it in a fox business exclusive. The hard numbers are in. The wall street journal has done some serious groundwork and now says the Trump Trade War with china and europe hurt american businesses and manufacturing. The founder of Healthy Snack bar giant kind is here on how he was able to expand into china, of all places, despite the tariff tiff. Let us get you this breaking news right now. Mark the clock. We have about 58 minutes to go before the closing bell rings. Just one week ahead of the election, we have a pretty drastic selloff on our hands. Triggered by a stunning rise in covid19 cases. Just this weekend, more than 83,000 new cases were reported on saturday and that was the second day in a row that new infections topped 80,000. Over the last seven days, the cdc says 472,000 new cases were reported and as these cases swell, it appears that hopes for a stimulus deal are shrinking. But thats not the only thing facing investors this week. This is the busiest week for Third Quarter earnings. Weve got ten dow components and 175 S P Companies reporting, including all the ones on your screen. This is all we could fit, okay . Chevron, apple, amazon, microsoft, alphabet, just to let you know, 84 of S P Companies that have reported so far have beaten earnings estimates. Thats a good sign. Lets bring in our floor show traders. Scott redler and phil flynn. Scott, lay it out for investors. You have the rising covid cases and again, we want to stress, rising hospitalizations as well. Dwindling stimulus hopes. The election and tech hearings on wednesday. All of this on the horizon. We can put these up on the screen. If we are going simply by today, we know its covid driving the action but does the pandemic maintain its hold on the markets and on investors psyche for the rest of the week . Well, you just named pretty much a perfect storm. If you remember, i heard you mention before the vix, you said two, three weeks ago what can investors do in order to have some insurance just in case a storm hits and that was buy vix call spreads for the election and for december. Hopefully some investors did that. But for this week, i think all eyes like you said are on big tech earnings, right. You have the biggest ones out there, amazon coming up, facebook, apple, microsoft. I think amazon and apple are going to be very important. They are both on thursday. We will see whether or not that can change sentiment. Right now they have been selling good news on earnings and really pounding bad news. So the glass is half empty right now in terms of the stock market because of rising covid, no stimulus, maybe an election that goes contested. So we need the tide to turn. Right now we broke 3420 in the s p. All eyes are on the 50day so we need to see right now if we can reclaim that today. If not, we could see another 2 to 3 lower even before we get to those important earnings on thursday which again, i think amazon, apple are the keys. Liz i want to again check the dow, down 760 points. Phil flynn, im looking at some of the new lows for this session. Gilead, youve got frontline, scorpion tankers, a whole bunch of other names, not to mention, yeah, biogen. Some of these look like individual oil names or oil related names, then of course, we do have the pharmaceuticals. Oil is tanking at the moment because, of course, when you start to see these cases spike, people are going to hunker down once again, are they not . What do you see as the driver not just today but the rest of the week . I think so. Actually, after listening to all of this, i feel like i listened to a joe biden speech. All the doom and gloom, all in like five minutes, right . Its all hitting at one time. You know, the one thing i will caution everybody, things always look worse on monday than they do 24 hours later. Im seeing a lot of fear, you know, maybe overtaking a lot of reality. You look at all the material names that are getting beat up, oil prices really getting beat up. Oil is getting a double whammy. Not only are they getting hit because of concerns about demand disruption, they are also getting hit on the supply side. Reports over the weekend that libya will be producing maybe a Million Barrels of oil a day. I always caution, monday morning, there are a lot of fears out there, the election, all these uncertainties, and people are running for cover. But i think some of these good earnings could really turn the corner, so i would be looking for opportunities on this selloff. I think there will be great buys. I like buying the vix calls. Great call. That was the way to do it. Thank you. Liz i dont know if we can pull up, lets just say for all intents and purposes, guys, amc entertainment. Ticker symbol amc. Yes, right now, it is tanking by about 7. 2 to just 2. 76 because they are the largest Movie Theater company and right now, with the spike in cases, people are backing away or at least the psyche, the possibility is that they will stop at least showing up to this finally reopening business. But the low of the year was 1. 95. Were not quite there yet. You could do that for any of those Movie Theater companies, or even some of the other names when it comes to transports. Could we show the transports, too . I know we are throwing a lot but we are calling audibles because we have quite a selloff at the moment. A lot of this breaking news. Scott redler, does that not then speak to the point that we are still not back to the march lows and are investors smart to jump in just as phil said, take this as an opportunity to buy some now discounted names, or are they waiting until we get even somewhat close to back to the march lows or is that in the rear view mirror forever . We are so far away from the march lows that we revisit those, i think people will be jumping out of their windows. At this point, all stocks liz god forbid. When is the next time you are going to a movie, liz . Im not going to a Movie Theater. Netflix, who is supposed to be a beneficiary of this new trend, had a great year but it sold off, its numbers arent going up. I think a lot of people are just taking a step back here. I would think maybe postelection, if we do have a president thereafter, i think the market will take a deep breath and say okay, maybe now lets see where we are. But as far as the march lows, i dont think anyone is talking about that. Talking about the s p, thats quite a ways down. Most people are saying if we do correct a bit, maybe we see 3200 in the s p. For investors, just keep putting the monthly flows into s p funds. Dont try to take amc, dont go after the cruise lines, dont go after some of these stocks that might be bankruptcies at some point because they will never come back. Liz okay. Phil, why is a name like walmart or costco going down right now . I would think that if youre looking for an opportunity to see what part of my portfolio is working right now, wouldnt it be that if people are going to continue to stock up and to prep . Remember the old word, prepper . Exactly. Thats when you see that fear index go up like it did, you know, common sense goes out the window. You are absolutely right. Walmart should be soaring if we go into a second or third wave or whatever, you know. You talk about amc, they were just reopening, getting people in the theater. I think the gauge on that stock is how many shares of stocks can you buy versus the popcorn. Right now, probably, what, 10, 12 shares for one box of popcorn at the theater . I dont know. Anyway. But obviously, the second wave fears will cause doubt. Amc, you might want to stay away from until we get a better handle on it. But really, we are throwing a lot of good stocks away today because of the overall fear. When that happens, thats when its going to be good opportunities. Walmart is one of them. Liz got it. I agree. Liz scott, phil, always a pleasure. Thank you so much. Check the dow, down 784. The russell 2000, low of the session down more than 50 points. So even the small caps are getting swept up in all of this. As coronavirus cases crest again, look at the cruise lines, guys. They are getting absolutely crushed. The top sector names sinking to the bottom of the s p 500. Here they are. Royal caribbean down 10 . Norwegian down 8. 9 . Carnival down 8. 7 . Flip it over to the airlines. This as tsa notes suddenly diminishing numbers of travelers at airports in just the last week. So american, delta, united, southwest, jetblue, spirit down 6 to 8 . Not a pretty picture. I guess the bestlooking one on a tough block is southwest, down 5 . We did want to point this out. We got a bit of a head scratcher at this hour on this name. Restaurant chain muscle maker is showing some serious muscle. Besides surging at this hour 31. 7 , Trading Volume in the stock is actually multiple times more than the daily average. We are working on this story. We did want to get it to you. But we will get you any update as soon as we get more clarity as to why muscle maker, Ticker Symbol gril, is moving so high. Dunkin running higher. Chatter at this hour is that dunkin might be in early talks to go private, in an acquisition by inspire brands. Who is that . Well, their portfolio includes arbys and buffalo wild wings. The parent of Dunkin Donuts and Baskin Robbins jumping 15 . It was already up 35 year to date. It now tops 102. New numbers out show that the Trump Trade War has actually not been kind to american businesses. We will talk to the founder and executive chairman of Healthy Snack company kind about how his business has fared over the last four years and whether he thinks now is a time for change at the white house. And later, the toy magnate who says one issue has him changing his vote from joe biden to donald trump. Mga entertainments isaac larian tells us why, coming up. Well be right back. Gives us confidence. 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. Liz want to show you u. S. Steel. At the moment its down about 4 but if you look at a oneyear chart, and under the best of circumstances, we could look at maybe a threeyear chart encompassing the trade war, oneyear chart we are down 15 for u. S. Steel. Today, it is a 9. 56 stock. It was 14 over the past year. So at the moment, we are looking at tough times for a company that was expected to do much better under President Trump, who imposed all kinds of tariffs not just on china, but also for a time, korea, europe, mexico and canada, although we now have the usmca deal between mexico and canada. President trump has said that the tariffs were helping u. S. Manufacturing. After doing a deep evaluation of the impact of the china tariffs on the u. S. , the wall street journal did not hold back with this headline. China trade war did not boost u. S. Manufacturing might. The story also focuses on how the trump tariffs backfired on u. S. Companies, as china slapped retaliatory tariffs on american products. Kind Healthy Snacks launched in new york city, it makes all natural snack bars, the Company Sells in more than 30 countries including china. Born and raised in mexico city, now longtime american citizen daniel lebeski is founder and executive chairman of kind and has had a front row seat during the trade war. He joins us live. Your story is pretty interesting because you export to china, you import your product, at least the nuts and maybe the honey and some of the other commodities, from many different countries. What has been your assessment of how your companys been affected by the trade war . Liz, its nice to see you. Hope youre well. Liz thank you. We make 100 of our product in the United States that we sell in the United States and we export from the United States to a ton of countries, but it is true that we are starting to start factories now in other parts of the world. Currently, much of our production in china, much of our sales in china still come from the United States. We are very proud that we are generating a lot of jobs across america in six different states and exporting to 32 countries. We are very small for us to be leading stories about tensions with china. What i can tell is more broad based on my understanding of whats going on. Tariffs in general are bad for all economies. The consumers get hurt because its us that are paying for the extra tariffs. Its not china that pays for it. Its us when we receive the product to pay for them. In general im a big free marketer and i believe there should be the ability for all countries to compete fairly. China does not compete fairly so i actually respect a lot of the postures that trump took as far as china but unfortunately, i dont think that the results were what we wanted. Liz yeah. But you know, can you blame him for at least attempting to do this . The time to do it was really when the economy was good. Thats exactly what he did. Yet we are not seeing, at least according to the wall street journal, who did a very deep dive into this and saw that the Manufacturing Base here in the United States has not really changed in a major way because of this trade war. So therefore, you as somebody you did something interesting, you actually during the trade war opened your operations to export to china. You have a different perspective having been on the ground there and seeing that, as you say, tariffs really dont help at least domestic manufacturers. Can you clarify that a little bit for our viewers . My general take is we need to have consistent policies that are not changing by the day. I think thats where the trump administrations made many, many mistakes, where one day this thing, the next day he wakes up and tweets something else. It is impossible to plan that way for Small Businesses, its very hard to plan for Large Business businesses, for countries its very hard to plan that way. I think we need to have consistency. I do applaud any government that tries to stand up to ensure fair treatment for all American Goods but you have to have a consistent approach. You have to know your word is going to be honored and not take back your word and change your plan. Its not like a Television Show negotiation. It has to be something that people know when you say something, your word is going to be good for it. I think theres a lot of gaps in that. Im a very proud independent but since you are asking these questions, i can tell you i did agree to join the Small BusinessAdvisory Task force with joe biden because i do believe that we are going to be able to plan better, we are going to be able to have consistent policies and frankly, just from a personal standpoint, im exhausted about the division and i like that joe biden is a moderate, that his entire career, hes been a Bridge Builder and im very much looking forward to not have to talk about the presidency every single day and not have to be polarized left, center, right and have all of us Work Together to reunite our country. Liz i understand that. That has been some of the complaint on behalf of first time around trump voters. But i did want to ask because you as a childemigrated from mexico and have been a citizen for many, many years, can you tell me how much you, an immigrant, how many jobs have you created here in the United States . Several thousands of jobs and im very very proud. I think you and i have talked before, liz, im most grateful to our country. My father was liberated by american soldiers that risked their life to rescue him from the holocaust, then settled in mexico and built a very successful business on the border between mexico and the United States and when my family immigrated, i was welcomed. I dont think theres a better country than the United States with more opportunities. As you know, im a current guest on shark tank and the amount of innovation and creativity that we see, the entrepreneurial spirit we see from people is incredible. Im very proud that i started my company with 10,000, worked really really hard, and we now have over 1 billion in revenue, we export to 32 plus countries and we employ several thousand americans. Liz daniel, you are always welcome on this show and you are among the best that america has. We really appreciate you coming. Thank you very much. Daniel lubetzky of kind. They have a brand new protein bar. Who hasnt eaten kind . This is the number one bar now. He started with very little and grew it to that. So hes on joe bidens side. Up next, joe bidens tax plan is scaring off one billionaire businessman who is vowing to change his vote in this 11th hour and move to a different state if joe biden becomes president. The mga entertainment ceo isaac larian goes inside the numbers that scared him away from the biden harris ticket. The closing bell ringing in 36 minutes. The claman countdown is coming right back. Robinhood believes now is the time to do money. Without the commission fees. So, you can start investing today wherever you are even hangin