The swing state of pennsylvania. How will voters react one week from the election . Its the final sprint to november 3, joe biden will leave his house to attend to events in georgia and when questioned about his relaxed schedule, he said every day is a 12 hour day. The president keeps up eight torrid pace heading to three states today pulling in huge crowds with tens of thousands attending the three events in pennsylvania yesterday and by the way, 62 million have already voted, 20 million in person and 40 million by mail. To the markets, way down yesterday, closing down 650 with the most modest of bounces this morning no bounce at all actually the dow jones will be down a couple points. Lots of corporate profit reports, they remain strong and we will bring in the highlighted a moment. The big earning report comes as afternoon. Microsoft reports and that may set the tone for the markets. As always, a big show for you with the president on the campaign. Rachel campos who wants her nine kids in school in the classroom, please mercedes, why didnt cnn and nbc cover the elevation of justice bear to the Supreme Court . They did not. Varney co. Is about to begin. Stuart we will start with breaking news on the rights and folding over night after an armed black man he was armed with a knife, he was shot and killed by police in at least 30 officers were injured with one officer run over by a pickup truck. You have to watch this. He hit a cop zero my god, he hit a cop stuart it was a female sergeant runover. She is in the hospital with a broken leg and other injuries to this started when Police Responded to a domestic call about a man wielding a knife. He approached to officers of reportedly with the weapon. They ordered him to drop it and thats when officers fired. They have since been taken off duty. Its a developing story and we will cover it. We are precisely one week from the election, 62. 6 Million People have already voted and thats 43 of the total voter turnout of 2016. President trump made his pitch to voters during his three stops in pennsylvania hammering joe biden in the last debate while admittedly transitioning away from fossil fuel. Watch this. Joe biden confirmed his plan to abolish the entire Us Oil Industry meaning no fracking, no jobs, no energy for pennsylvania families. We are Energy Independent and you are a big part of it may want to end of that. You mean no more oil, joe . He will eradicate your energy and send it pennsylvania into a depression. Stuart joseph biden emerged from his lid to assure reporters hes been working 12 hour days. Watch this. Going to iowa, wisconsin, georgia, im going to florida and may be places as well. There is a lot we have been doing as well in terms of being online theres not been a day that has not been a 12 hour day. Stuart he will leave his house today, hold to events in georgia President Trump will hold rallies and michigan, wisconsin and in nebraska. That is the campaign trail. Now, this is quite a morning for Earnings Report with several big east reporting earlier this morning and susan is here. Susan good morning. Lets start with caterpillar, for short. Better prophet and earning, no guidance and sales falling by half from july till september with stock down on the back of the news. Another dow component merck, the drugmaker raising its fullyear earnings forecast determined by resilient demand for blockbuster cancer drug, another dow drugmaker hopeful pfizer modestly better, still sick until late november still sticking. Jetblue losing less money than anticipated. Sales were down in the quarter and monday selloff hammered this travel stock including jetblue and fears of more locked down with reduced travel with higher covid cases on both sides of the atlantic. Stuart the travel related stocks go up and down with every word about a virus. Susan stimulus, virus, you name it. Stuart and they have never fully recovered. Susan still half. Stuart thank you. Lets bring in mike market watcher mike murphy. Im interested in microsoft. I want to know what to look at, which is the prime element in the microsoft report . Isnt that Cloud Business . Good morning. I think the cloud is what investors will look out with microsoft reports today. There are other pieces in microsoft had a big run up, up 33 year to date because so much of their company is doing well, but the real coup to call, the real piece of the business that will drive this higher is the cloud and theres nothing out there that i have seen that tells me business is slowing down. I think its going gangbusters, so thats why any pullback in microsoft is a great opportunity to own the stock. Stuart icy microsoft as setting the tone for the market tomorrow morning because if they disappoint i think the market will show it and if they exceed expectations i think they will do well. Set the tone for the whole market, you think . It will, but it will be shortlived because thursday we will hear from the rest of the big tech, facebook, apple, google so it will be microsoft takes the lead for the next 24 or 48 hours, but then there are other Big Tech Companies are coming out it big tech, any pullback has been lost and we talked about the recurring theme 70 week you just wonder if the growth stopping, is there anything same accompanies are no longer growing and i dont think we will hear that. Stuart big me give me the big picture for a second. Yesterday we saw an ear thousand point drop closing down 650. Is this the action we will see through the election and may be beyond just to be completely transparent, it could be, stuart. You have to take a step back. Yesterday got ugly midday. We rallied a bit towards the end but we still had a big selloff and for the last month the market is up over 3 . For the year its having a nice gain also, so you will get low volatility around different headlines, but i think there is one side of this that would love to see a weaker market and more chaos and the truth is, we dont see that. We are getting through the pandemic the best we could. We will have the election. My biggest concern has been on election that doesnt have results where we are talking in december and january. You are hearing a lot less about that so if we get a winner tuesday it will be positive for the market. Stuart how about this for Investment Advice dont buy or sell anything for at least the next week . Well, i will say if you get a Quality Company like microsoft for instance that sells off because they missed by a couple of Million Dollars on one section of their business, i would be a buyer so try to block out the noise over the next couple of weeks and stick to the plan of buying quality. Stuart thank you. See you soon. We really like to keep everyone on top of what looks to be a booming Real Estate Market and we have news this morning on home prices. Laura, what you have . Lauren they are up. Prices in 20 cities gained 5. 2 in august. The biggest annual increase in two years. Phoenix led the way with prices up almost 10 followed by seattle at eight and a half percent and in a measure of complete Housing Market and how widespread it is even the worst performing cities, chicago and new york posted annual gains in prices, stuart. Stuart that comes on top of news yesterday, the new home sale prices, up to a median price of 326,000 dollars, so across the board prices of homes are rising. I would call that a sellers market. I have to move on because we are running out of time. To the democrats, barely suppressing their anger after the senate voted to confirm judge Amy Coney Barrett to the Supreme Court. Speaker polos he is totally with idea of packing the court. Watch this. Should we expand the court . Lets look and see, to the nine District Courts, maybe we need more District Courts as well. Stuart joe biden now says hes open to wait for it, no idea what that means but we will cover the story for you. This is important. As we stare down a second wave theres growing anti lock down opinions, 15000 scientists and doctors come out against lockdowns. You will hear more about that in my take coming up at the top of the next hour. Checking futures, there is some green but hardly enthusiastic rebound. 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You get all this for as low as a zero dollar monthly plan premium in many areas, and your doctor and hospital may already be a part of humanas large network. If you want the facts, call right now for the free decision guide from humana. There is no obligation, so call the number on your screen right now to see if your doctor is in our network, to find out if you can save on your prescriptions, and to get our free decision guide. Humana a more human way to healthcare. Stuart what to do you think is the best day of the entire year for the stock market . Im told its almost here. Susan oh, yes. Stuart hold on. So, tell me when is the best day of the year in the stock market . Susan tomorrow, october 28. What is the second best day of the year and when you told me earlier, the day after christmas. Whats with october 28 . Susan going back 70 years, october 28 is usually an update, you make money according to research and after monday mornings a sellout lot that would be good news. October, for the entire month typically the second worth worst month of the year for the stock market and even worse for an election year. The boat typically takes place in november so investors sell in october. However, research by says eight days heading into the election is usually good for the stock market with average gain of two and a half percent for the broader s p. At biggest gain in 2008 during the financial crisis when the s p rallied eight and a half percent headed into the obama votes. Two times it decline, 1980 and 1968. Stuart my head is exploding. Absence surety the worst in the stock market will be the day when joe biden wins the white house, democrats take the senate and keep hold of the house. Susan are you calling for a democrat blue sweep . Stuart god forbid, certainly not. Lets get back to the virus. This is not funny pic the latest lockdowns in italy with mass protests and violence. Would we have on this . Ashley protests in about a dozen cities across italy took to the streets upset about the latest antivirus measures imposed by the italian government. Cases are rising again and italy ordered restaurants, bars, gyms, cinemarks to close with nighttime curfews in place. Some of the most violent protests were seen with a number of Luxury Stores including a gucci boutique ransacked by a crowd and Police Responding with tear gas. In milan, crowds chanting freedom. In one northern italian town Restaurant Owners the pots and pans in the city center all night. In naples, a crowd gathered calling on the Regional Government to resign. Its a mess. The new restrictions will be enforced until november 24, and Small Businesses say the new restrictions will they cropped them. So, tensions rising in italy took not a full national lockdown, but with the latest restrictions its having a huge impact on the economy and people are upset. Stuart i have more on whats happening in europe with virus cases surging, france saw almost 80000 new cases in one day. In america, we are reporting 65000 cases in one day. That was yesterday, by the way. Matt mccarthy is back with us, Infectious Disease expert. Doctor, we just outlined in europe. I think it america we are looking at more lockdowns, minorleague lockdowns perhaps. What do you think we are facing here, a big lockdown do you think . Stuart the screen has frozen or the good doctor cannot hear me. I can hear you. Stuart what do you think we are facing in america as caseloads rise. Are we looking at another big lockdown here, doctor . You can hear me . Stuart yes, sir. You are on. You have a Million People looking at you right now, sir. I cant hear anything stuart sorry about that. The good doctor cannot hear us. We will try to establish communication at some point. Now, eli lilly, with the stock nearly 5 , the ending anti antibody therapy trial. Susan this from the federal Health Researchers and they say there is no benefit from this treatment for patients treated with it in the hospital that have a severe case of covid19 so they were giving eli lilly drug along with an anti but antibody drug treatment so together researchers say theres no benefit eli lilly will continue to test its drug and other studies for people with mild symptoms, but the stock is down. Not only would it be the hall, but they reported bigger profits thanks to newer drugs, but that report fell short of what wall street wanted with disappointed earnings. Stuart we now have matt mccarthy, doctor mccarthy with us. Do you think were looking at a big new lockdown in america . No, i dont. What we are seeing across europe are these big broad mandates for people to stay at home, and not go out and thats simply not what we will see in the us in the near term. What we are seeing is what we call many lockdowns. In newark new jersey tonight nonessential businesses will have to close after 8 00 p. M. In el paso a twoweek stay at home or. A place in kansas city turning away ambulances, so we see these very sort of micro shutdowns or lockdowns and i expect to see more of that as we go into winter without a vaccine thats just the reality of where we are at. Stuart do you think its a legitimate strategy . Well, its the only strategy now. I was looking back at an op ed mike pence said back in june saying there would not be a second wave of coronavirus. I disagreed at the time, but i think hes right, we never got through the first wave and what we see is a resurgence of whats really been this first long exhausting wave. I would like to see more social distancing, more mask wearing in public. I think in some regions there is an appetite for that and another cases people are so exhausted they want to get back to normal, but the problem is going back to normal can make things worse in the nightmare scenario, the things we are really worried about our hospitals overwhelmed and the prospect of rationing medical care was raised by the governor in utah saying they just dont have the resources if trends continue to care for all the patients. Right now, we can handle many lockdowns, but we may reach a point where they expand extend beyond the disabilities. Stuart doctor mccarthy, thank you for joining us. We will see you again soon. Check that big board. Dead flat basically on the dow jones. Nasdaq looks like its going to be on the up side by about a third of 1 . Big tech doing well. Back after this. Stuart three minutes to go before the market opens and we will find out what kind of a doubt if any we got from yesterdays decline. Come on in david barton sign. Today hes getting political. You say bidens lockdown threats could cost him the election. Spell it out, please. Its pretty simple, stuart. He has the lead in the polls. People have their own instincts as to whats going to happen or not, but i cant think of a bigger error he could make in the final weeks than to go forward with this ridiculous idea that he wants to be branded as a lockdown candidate. Of the effect of the matter is, everything he said in the prior segment is completely correct. We are dealing with a virus that is a spread in hospitalization that has stayed reasonably contain. Icu and multi day stays are way down and the mortality is way way down, about 75 from peak levels. This notion he wants to threaten the middle class and lower economic wrongs of people with further lockdowns is insane and i think that is not only a political liability for something the American People have to understand that if you care about the economic prospects of those more disadvantaged you cannot support the idea of staying shut down. We need to get back to work, open the