. >> i'm jim sciutto. tonight round one. president trump and joe biden will face off for the first of three presidential debates. this critical showdown very different than before. why? a deadly pandemic still hangs over this nation and the entire world. more than 200,000 deaths in this country, more than a million now across the globe. >> biden is expected to zero in on exactly that. the president's pandemic response. this comes as "the new york times" is reporting this morning that the administration pressured the cdc over the summer to downplay the risks of opening schools. now, the president also faces some serious questions about his taxes after "the new york times" also obtained decades of his records. let's begin with our correspondent jessica dean. she joins us from cleveland. it is here, it is debate date. a very different debate day but equally consequential. no handshakes, lots of testing, what else will we see tonight? >> reporter: i'll walk you through how different this is and all of the guidelines now in place

annmarie: hold those thoughts, jim. jim mccormick stays with us. let's get to the first word news. >> thanks. a week after two protesters were fatally shot in kenosha, wisconsin, president donald trump has visited the city. the trip came despite the objections of the city's mayor and governor, both democrats. the president did not meet the family of jacob blake, the black man shot in the back by police. president trump: you could take the people of kenosha that aren't here and that are not protesting, but they want change also. they want law and they want to want a great police force. they want people that are going to keep them safe, where there houses are not broken into. where they are not raped and murdered. that is what they want. ofthe pentagon this morning the chinese increased nuclear capabilities. according to an annual defense itort, china's program puts on the cusp of achieving the so-called triad of delivery systems. in japan, prime minister shinzo abe's right-hand man is the leading candidate to replace him. he is not ahead in the poll

what about you, jim? >> certainly that is a very important story and anti- semitism is an ancient evil that seems to be experiencing a resurgence right now. we saw it with the shootings in pittsburgh last year and the synagogue and hallway this year and the stabbings at the hanukkah celebrants in new york. and just the whole relationship between religion and violence. it is very complex relationship that you think religion would be a clear voice against violence, but we have also embraced it in and out of ways. that is the next story, sexual violence that continues. in the church and in the name of the church. the perpetrated by church leaders on vulnerable members of their congregation. the ist ches certainly not jus southern baptists, but our whole theology that tends to elevate mail over female really makes us very vulnerable to that sort of abuse and inability to address the abuse. >> and united methodists with our not embracing the lgbtq community is a major issue with us. we still are blocking peopl

back at you, farmer jim. all right. kerry, you own phillips 66, doc, you own bp nobody owns chevron. amy, why >> we actually own royal dutch shell. the energy stocks are trading together the important point is energy is less down from 16% in 2008. the relative under performance has been unbelievably dramatic it's hard to think there's that much more to go when you're sub 3% of the s&p at this point. i think the risk reward makes a lot of sense you want to be buy things when capital is flowing away from the sector that makes returns better. that's been the case for the past five years. goldman got upgraded today several catalysts provide a bridge to the benefits from financial targets. jim, you own goldman jon, do you own goldman? >> no, i do not, scott i don't own goldman right now. i would own it based on the trading because one of the things that i'm doing right now, i looked back at the last 22 days of september on the trading days my average hold is less than 24 hours. i suspect a lot of the traders are like wise mo

how about jim in illinois, jim >> caller: how are you doing, jim? i hold a position in smith and we wessen it's been down 30% should i hold it >> i would hold that sadly, i would hold it this is a tough one to own but i understand the demand is very strong let's go to pete in delaware, pete >> caller: hey, jim, i hope you're doing well. >> all right how about you? >> caller: good, good, thank you. i want to get your opinion on one of my favorite holdings. republic services, rsg. >> that's a very good company. very good company. i like the way the companies thrive during periods of residential construction that is one of them. i think you got a winner let go to demetrius. >> caller: my question is about ceasers. they are getting together -- >> i think it's made a miraculous run back. how about rick in california, rick >> caller: yes, sir. thank you for taking my call. >> of course. >> caller: cody. >> well, i got a broken record here wow, that's another -- no, you don't go that's not a good stock. not a good company that's right they can come on and

during the jim crow era. when the united daughters of the confederacy and the united confederate veterans took hold of that process. but it was an ideology, a racial ideology, an ideology of white supremacy, and it became not a story of loss at all, it became a victory narrative. the victory was over reconstruction. but the attack back on the lost cause, led by frederick douglass and many others is 150 years old. as early as 1871, right after lee died -- he died in 1870 -- shortly after that, douglass wrote a piece in which he said he was "sick and tired of the nauseating flatteries of robert e lee." he wondered why the person who killed the most union soldiers and killed the most americans to divide the country was getting the most accolades. this is an old set of arguments, however, we obviously now have a different politics. if it hadn't been for the massive protests in the streets this past month, massive numbers of people in the streets, i doubt police forces of various kinds of would have allowed people

>> we think so, jim. look, the first thing that we did this year is we created trust with the customers all of us, i mean, we were very concerned about the ramifications of going outside of the house in this covid-19 environment and so we took extraordinary efforts in our stores to ensure that our customers would feel safe when they came into the building. that has garnered us a lot of good will and return visits. it's my belief that when you win customers and you continue to serve them in a very customer-centric focus those customers continue to have you top of mind for future purchases and we've seen that in the first and second quarter so we think that if we continue to focus first on the customer, we continue to invest in our associates and we continue to create an environment where we can take the friction points out of every transaction either in store or online those customers are going to continue to come back the macro environment specifically for home improvement housing remains pretty strong. >

jim? >> we've seen meddling like this before. it's a genuine concern. so tell us about the surge in cases we're seeing in midwestern states. you know, one region after another has sort of followed, you know. no one is immune from this. is this largely about college campuses, or is it other things? >> you know, to some extent it is and to some extent, jim, it's exactly what you just said is that it's just moving across the country. think of it as like a snake swallowing that mouse. that mouse just moves, went from new york city to places like texas and florida and now we're seeing it in in the midwest. we would surprised if we didn't see it, right? this is a virus, does what virus eds do which is go from person to person and region to region. let's take a look at some of the numbers in iowa. what we're seeing in iowa it's now considered a red zone by the white house coronavirus task force, a 77% increase in cases from the previous weeks and that's 232 cases per 100,000 people. nationally it

jim. it's been an interesting week to say the least after a bit of a rebound the other day when i was on with you, yesterday i was not here for what was a decline overall in all the markets. >> i think we are in a new era of volatility. every single time we get an up opening people say, okay, i guess that selloff is over and when we get the printed selloff people say this selloff is going to go on for ages. i urge people to step back and recognize we are in a period where there's a lot of vacuum, a lot of people trying to buy when it's going up, a lot of people trying to sell when it's going down and just interpret that as just being enthusiasm, greed and then fear and accept it that it's here to stay because it's really the undercurrent behind these moves. >> okay. and what does that mean in terms of this so-called playbook that you often offer people who listen to what you have to say >> sure. it means that if you think that it is going to bounce today because it was down hard yesterday,

so, i don't know, david. >> they have a web hosting deal, jim. sd >> yeah. they've got zoom and that and walmart. walmart's got a good deal and mcmillan is very excited about it i don't know i just think the president is really excited about it. >> before we wrap up our opening block here, jim. let's go back to the markets themselves i mean, we talked as well about the banks. are you concerned at all about these latest issues? do you seem at the open to not be as concerned perhaps, at least for u.s. banks >> boich deutsche bank is a mes. well, that was -- deutsche bank to link jpmorgan with deutsche bank without jpmorgan coming out and saying something alo look at that list if i were jpmorgan, i would come out this morning and say, listen the allegations we're going to prove otherwise. but i'm not getting that and, you know, carl, i know that you get a lock down in europe and you get a problem with some banks and that causes us to go down big, carl i don't know doesn't seem right to me >> all right we'll keep an eye on it, jim september is living up to its n

>> caller: hey, jim. quick question. >> sure. >> caller: with beyond meat's price target downgraded, what does that say for the fmci merger what is your price target for chef merger? >> look, this is one of those again. i've looked at the chef guy. i'm a beyond meat guy. the beyond meat is the best of breed. i'll reiterate i think beyond meat that held up under a huge on slot of people not liking it is the winner in the category. palantir's direct listing is a big deal i can't give you my full blessing much more "mad money" ahead including my take on costco. what is the signal about the covid-19 pandemic? i'll reveal it time to turn in homework don't miss my take on under the radar names i learned from you cramerica and all your calls, rapid fire tonight's edition of the lightning round so stay with cramer stay restless with the icon that does the same. the rx, crafted by lexus. lease the 2020 rx 350 for $409 a month for 36 months. experience amazing at your lexus dealer. ♪ ♪ [ engines revving ] ♪ â

i'm jim acosta in "the situation room" with breaking news. coronavirus deaths 205,000 and president trump just announced plans to deploy 150 million rapid coronavirus tests across the country. most will be sent to states and territories as the rate of new infections is rising in nearly half the nation. also breaking, dr. anthony fauci tells cnn he's concerned about false and misleading information being shared with president trump. fauci echoing the cdc director's reported complaints about mr. trump's controversial coronavirus advisor dr. scott atlas. we're following the bombshell "new york times" report exposing the president's long hidden tax returns. a short while ago mr. trump ducked questions about the report that shows he spent years avoiding federal income taxes while piling up huge financial losses and debt. first to boris sanchez. the president wanted to talk about rapid covid-19 tests. he did not want to talk about revelations about taxes and finance. >> that's right, jim. the president dodging reporter's questions about that bombsh

jim: what we are seeing is both. definitely the highest usage we are seeing is in recorded videos , where you have more flex ability. they can be taken home, use offline, but also, as you have mentioned, prezi video can also bring the video graphics right into the screen live. what we are seeing is a hybrid 1/3l, where there is about of the usage is live video streaming with the content, and then the majority is the recorded case. i mentioned earlier, i think both have their place. live is really good for keeping a pace and staying connected throughout the day. but the recorded, it is called a flipped classroom where you allow the students to learn at their own pace, whether it is fast or slow. i believe that is something that is here to stay, even as we saw all hopefully soon head back into the classroom. guy: what do budgets look like in this space? jim: i don't have a macro view, but from our standpoint, we haven't seen budgets be a problem as far as teachers being able to adopt new technology. our technology is a

carrie, you own it jim, you own that. carrie, you first on waste connections. >> it's a recession-proof necessity, and in higher home buying and frenzy municipalities have more money to spend on waste. >> jim, you got something for me quick before we do finals? >> that was such a factious downgrade, i put it in the trash. >> let's do final trades jim, start off >> i want to talk chipotle this is the doesn't need a vaccine to do great. it's like nike it's incredible. it's making more money in the stores than it was before. what a great company >>> we'll see you tonight at 6:00 jim cramer, "mad money," of course >> alibaba it may be growing faster than any other chinese company on the globe, and the stock is in the correction >> stephanie link? >> off of the nike quarter, vf corps, covers that dividend. >> finally, jerry? >> i think everybody wants to buy chewy. pawz is better, you get the entire pet care industry >> thanks, everybody it's been fun. "the exchange" starts right now. >>> thank you, skolcott, and hi everybody.

jim? >> those jobs after each of the holiday weekends the data was clear. alexandra field, thanks very much. >>> the cdc has changed its guidance relating to covid-19 again. it now says that the coronavirus is airborne and can travel through the air beyond six feet, of course the distance we've been focused on for months, that means that poorly ventilated spaces in particular are dangerous. >> with us senior medical correspondent elizabeth cohen. good morning. do we know why this changed from the cdc? for anyone confused because it's gone back and forth, what is the main messing for them this morning about this spread? >> so poppy, let me answer your second question first. let's talk about exactly what the cdc is now saying, what is new on their website. what they're saying now is that coronavirus most commonly spreads when people are within six feet of each other. think of it as a direct hit. you're talking to someone, they sneeze, they cough, maybe they spit a little when they talk, we k

send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. the lexus es. every curve, every innovation, every feeling. a product of mastery. lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer. ♪ if i could, baby i'd e♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. >>> what do we do with the stock of nvidia now that it's trying to buy arm holdings, the british company with a ton of smartphone exposure when we first learned about this deal a week and a half ago, the largest semi conductor in history, stock gained more than 5% in a single session. since then, though, the market has been flooded with red holt tech ipos, and nvidia stock sold off hard i actually like this pullback, i like it. i think nvidia's stock is a terrific buy right here, if, and it's a big if, if you believe it can close on arm the deal would be a

jim? >> it is going to be a very tight race there in wisconsin. thank you very much for that. let's get more on all of this with kenosha county supervisor andy berg. d mr. berg, thanks for joining us. you said president trump in his visit would only further inflame tensions there and divisions there. did your fears pan out, do you think? >> i think we are pretty well divided right now in kenosha. we come together on a lot of issues. but right now with trump and other issues in the community right now, there's a lot of divisions politically. >> when you see the president walking through the rubble there talking to people, talking to folks who have lost their businesses, were you at least glad to see the president do that? >> i mean, if you want to take it from the positive side, sure, it's good to see that he's out there talking. but that's kind of the problem that we have right now is there's a lot of talk. what are the actions that we're doing? is there going to be funding diverted from w

jim, could you pop the hood for us? there she is. turbocharged, right? yes it is. jim, could you, uh, kick the tires? oh yes. can you change the color inside the car? oh sure. how about blue? that's more cyan, but. jump in the back seat, jim. act like my kids. how much longer? that's exactly how they sound. it's got massaging seats too, right? oh yeahhhhh. oh yeahhhhh. shop from home or in-person to learn more about the mercedes-benz sedan family. lease the c 300 sedan for just $449 a month at your local mercedes-benz dealer. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. stocks by the slice from fidelity. xfinity is your home for the return of live sports. >>> we spent the a block talking about tiktok, guys, but vaccines and covid continue to be a story all around the world, jim, this news out of the "times" that pfizer and moderna may give some clues as to how effective they see the trials maybe earlier than we think. at the same time the

jim and poppy? >> it's alarming because you remember early on the manufacturer was trying to shift blame to foreign pilots. remember all that messaging then. the data has been alarming to see. pete muntean, thank you. >>> hurricane sally is a category 1 storm and it's posed the danger of life threatening flooding. very much a problem on the coastlines. >> the sheriff of mobile county, alabama, where the national weather service office there warned people to quote hunker down because conditions are going to get worse. sam cochran is with us. mayor -- sheriff, rather, i apologize. thank you for being here. >> sure. >> i know you're wearing a lot of hats these days. you have so many years of experience and you have said that what it has shown is that very, very quickly streets and neighborhoods can fill up with five or six or seven feet of water. is that what you're going through/preparing for now? >> actually we dodged the bullet because late yesterday the storm moved further to the east and as it is,

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>> caller: hey, jim. i'm calling from eastern massachusetts, home of the world famous new england patriots. i'm calling today to ask you for your thoughts about the general motors nikola deal that puts 2, 3 billion value on g m's battery and fuel cell technology when you add this to the fuel cell facility that gm is building in partnership with honda, is it time to start thinking about gm as something of a technology company rather than as strictly car and truck company and what might this imply for its future valuation >> look, i think the stock is cheap. we have to get through the used car inventory and gm will do okay i'm not against selling it the nikola thing is a side show but the stock itself, i'm getting very positive about the autos. why? because people don't want to take public transportation and you're not supposed to carpool that's giving a check to the auto companies that's how i feel about it don't forget, tesla is a technology company wall street was worried going into the debate, right non

jim? poppy? >> kara, i think the last point is so important about debts o d owed, given his position. thanks for the reporting. let a's go to the white house. john harwood is there. good morning, john. the president denied it quickly last night and called it fake news. i wonder what the white house is saying this morning is true about the president's tax returns. >> well, the president did not engage in the specifics of the "new york times" report. he issued that blanket denial as you said. he said the irs had treated him unfairly, even though of course that's the government that he leads, and he deflected by pointing to other taxes he had paid, state taxes in particular. this is consistent with the approach that alan garten, lawyer for the trump administration, took. he said in a statement over the past decade, president trump has paid tens of millions in personal taxes to the federal government, including since announcing his candidacy in 2015. those personal faxes could include social security

jim, poppy? >> elizabeth, thank you for that reporting. >>> with me is the president for the center for science and the public interest and he's critically a former associate commissioner of the fda. dr. laurie, i have read your quotes for months now about this. i'm glad you're here in person. thanks so much. >> thank you. >> so let's begin with that. the fda our sources there are saying two things. one, the fda could make these pharma companies wait 60 days after all participants in the trial have gotten the second dose. and then go for emergency authorization or wait for 60 days until half of the people have gotten the second shot. is it safe to wait for half of the people to have been two months out from this and not all of them? >> well, it's a balancing act. on the one hand, you want additional safety information and on the other hand, you don't want it to be withheld without improving what you know. so i think this is probably a reasonable balance that they're striking. it's important to ge

jim, thank you for joining us. when you look at how much resistance there will be in the house of lords of this bill, do you think it will pass the echo jim: -- it will pass? jim: i will be amazed if it passes. it is more difficult for the conservative party and the house of lords anyhow just because of the numbers, never mind when the cross bench, which i am one of, go that way. on this occasion, as we have seen with prominent conservative peers, it is going to be very difficult for this bill to clear the lot. what is the wider impact of the government trying to break international law? a kind of states for itself in your question. britain -- many, many brexit, arguably going back to my professional lifetime, is identifying things that can positively contribute forhe world, and standing the accepted rules of international behavior, particularly things agreed by independent legal settings is one of the things the u.k. has generally proudly done so well in an increasingly complex world. and so if the u.k. is now goi

i'm carl quintanilla with jim cramer david faber has the morning off. futures do go green here as jobless claims are roughly in line, stocks trim about a quarter of their losses from the last three days. our roadmap begins with that roller coaster, though, tesla and technology continue to rebound. citi, as andrew said, naming the first woman to lead a mega bank, jane fraser set to replace michael corbat in february and astrazeneca saying it should know before the end of the year if its covid-19 vaccine is effective. jim, i know that citi news popped for you. >> yeah, i candidly mike and donna are friends of mine and friends of my executive producer so i have to reveal that because i say it's not about friends it's about money this is jarring for those of us older than mike who is 60 but he did work there for 38 years, not retiring until february, but how great. when i spoke to him this morning, how great, jane fraser coming in. the glass ceiling in banking maybe a is finally cracking and it's a great legacy for mike a period where net income increased f

sorry, jim, what was that? >> there is just a lot of irony, carl i mean, a lot of things that we thought would be bad, china is fantastic. america not so good. i do want to point out that beyond meat is good, they got a deal with walmart, trying to get a little more from ethan brown, that is the millennial favorite. i had the meatballs. the meatballs were good. david, the meatballs were good for beyond meat. >> we used something of theirs in lass anya recent agna recent. >> did you carpal lies you're supposed to carpal lies the lasagna. >> i don't know. >> you didn't caramelize >> i wasn't involved in the cooking. >> carl, you know noknow to care that stuff before you eat it. >> they are going to raise the distribution to 2,400 walmart locations beginning next week. we have seen this before, jim, where they get a big deal and we find out the specifics, i'm thinking mcdonald's aren't what we thought they were, we will see if this is different. >> walmart is the biggest grocer i do think the one thing that contin

in michigan, jim? >> caller: hi, jim sorry to hear about your og. >> yeah, thank you it's tough it's tough we like -- i like -- he's a good boy. >> caller: yeah, they're part of the family. >> yeah. >> caller: one of my stocks is down 12 months -- 12% in the past month what do you think of cvs >> i made a mistake when i bought cvs for the travel trust. i'm trying to go over that i said it on my calls on wednesday. i don't want to rationalize a bad stock. i do believe when there is a vaccine, it will go higher how about tara in new jersey, tara >> caller: hi, jim. >> hi, tara. it's a financial i sound like a broken record i don't like oils and don't like financials let's go to alex in georgia, alex. >> caller: yes, sir. >> what's up, alex >> caller: i'd like your opinion on go co go house i'm in around 15. >> insurance company health insurer those won't go up until after the election is over you have to do holding on. let's go to eric in michigan eric >> caller: jim, calling from wolverine country in an

talk about jim baker. he ran the campaign against ronald reagan for george hw bush and ronald reagan chose him to be his white house chief of staff and he was seen as probably the most successful person at that job of the modern times. how did he do it? >> he didn't have a background that was would successfully woe successful. he ran the campaign in 1976 coming from nowhere in the wreckage after. the previous group had been sent off to jail and a whole generation that kind of came to the floor. in his case, an example of an outsider coming into washington but he wanted to get things do done. not just one, but two campaigns against him and ended up being as you said a smart choice on his part. >> host: he was on the course to become treasury secretary and pulled off this bipartisan tax plan which as we know we haven't seen the likes of edison's -- likes of it since. what pulled it all together? 's gimmick this is a question everybody asked. he would give this and tell you my family has preparation and we al

i'm jim sciutto. the state of our country today, two competing visions of america going forward from trump and biden and the story the president does not want us to keep talking about, and that is more than 6 million coronavirus infections in this country, 183,000 americans dead from the virus. the midwest seeing a spike in cases as fears grow this holiday weekend could make things much worse. it happened on memorial day and fourth of july weekend as well. as the president pushed more states to reopen, his own coronavirus task force was giving him dire warnings about the spread of the virus. we're following all the headlines on the deadly crisis, and this. the president is leaving in the next hour for kenosha, wisconsin, the city reeling after deadly protests and violence in response to the shooting of jacob blake. the president has defied calls from the governor and mayor to stay away. the protests have grown much more peaceful there in recent days. this comes one day after he defended the teen accus

. ♪ >>> good tuesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber we are looking for some stability today after the s&p's first four-day loss since february got powell and mnuchin on the hill talking pandemic response, tesla battery day, the uk announces new lockdown restrictions and oil is trying to reclaim 40. our roadmap begins with fed chair powell and treasury secretary mnuchin, what to expect from today's testimony in front of the house financial services committee and how the markets may react. >> then we will talk a bit about this try yant stake in our parent company comcast, what is the behind the thinking at triant and what if anything may owe dur as a result. >> tesla's battery day, where that stock is trying to recover this morning after yet another tweet from elon musk which is part of the discussion today, jim. whether or not he's setting expectations in a different way saying that some of this high volume production is a phenomenon still a couple years away. >> he's giving us an underpromise, overdeliver, i think, which i

thanks for having me, jim. there are a few manufacturore d that we were able to confirm, that were in line with what the atlantic reported. one of which was the president was sort of baffled and confused that so much effort is put into finding p.o.w.s and soldiers who are missing in action. of course, that is the military principle of leave no man behind. so that is one where he considered them someone who messed up on the job and, therefore, you know, why put in that much effort? and, you know, one of the other things that we learned that, you know, he found rank to be impressive among the -- the generals and his staff and his cabinet. but he was kind of curious about why they chose that line of work. you know, if they were smart and bright and worked together as a team, why didn't they go into business and make a lot of money? so that's a few of the things that are sort of in line with what jeffrey goldberg had reported. >> listen. the comments you talk about dismissing folks who may have been shot down in co

jim-- jim-- once you figure-- it's pretty right there. jim carrey is-- is-- is an acid trip into the creative genius of jim's mind. and it's a wild ride. the book is-- i'm reading the audio book. it took me three days. it was-- it was like hunteres thompson meets allison in wonderland, only it's jim. and it was exhausted. i was just-- i felt like i was back on "dumb and dumber." it was so great. because you want to go. you want to ride that comic tornado. here i go ago, "dumber number three," off we go. i loved it. i loved doing it. it's a great book. it really is. >> stephen: please stay healthy out there. we need our jeff daniels. we've lost some very good people people. i know are you were a great fan of john prien, as we were. i loved that man. any thoughts on john pry, in e, and what a loss he was to our music, to our culture, just to humanity? >> anyone who writes anything-- songs, plays, movies, books-- whatever-- you want to write original, like, an original line, an original phrase. and john pryne was one of those people who did

jim sciutto sitting in for anderson. the president of the united states would never attack a member of our military attacks an honored member of our military a dedicated form erma rein general also a gold star father. that is he lost his son in combat. let's begin with what trump is reported by several outlets now to have said about the young men and women that served this country and sometimes die defending it. he's reported to have called them suckers and losers. suckers for serving, losers for dying. this evening mr. trump answered questions about the reporting on this, first reported by jeffrey goldberg in the atlantic and later by other outlets including fox news. this is from goldberg's account of the president's cancelled 2018 visit to a french cemetery where hundreds of marines killed in the first world war are now buried a revered place for u.s. marines. he writes quote, trump rejected the idea of the visit because he feared his hair would become disheveled in the rain and because he did not believe important to

>> i'm sorry, jim? >> what do you think of the federal response versus the state response so far in our country? >> is there a federal response you tell me. i don't see much of a federal response, which is why governors like me have to do what we need to do, which is get the job done i reached out to business and labor and said come on we're not waiting for the federal government to get their act together let's get to work right here in rhode island and put thousands of people back to work. >> i got a quiz for you. 30 cases what is 30 cases right now back to school back to school 30 cases. the number of cases you have in all of your colleges in rhode island is only 30. it's the lowest i've found, brown has one. 17, is this because of what you have created, which is an atmosphere where we basically say if you're going to rhode island, you got to get tested and wear a mask or get out. >> well, i definitely can't take all the credit the university partners here, the college presidents have been fantastic p

i'm jim sciutto. the science and the facts show that covid-19 is still spreading in this country and still taking lives at an alarming rate. the president and the politics say otherwise. we'll stick with the facts. this morning, the midwest is seeing a surge in coronavirus cases. the u.s. reports more than 1,000 deaths in a single day and there are worries that the upcoming holiday weekend could fuel the spread of the virus. previous holiday weekends this summer have already. experts warn do not let your guard down. add this to the reasons why. new research from the cdc suggested symptoms can last much longer than initially thought. a new report shows a 17% increase in cases as well in u.s. children over the last two weeks. also this morning, dr. anthony fauci is warning the u.s. it needs to get control of this virus before flu season hits. >> what i would really like to see is kind of a full court press to get us way down as a baseline so that when you get these cases in the fall, they won't surge up

jim, i guess in that case where does it end? >> grants. >> when does the chip industry come looking for its own handout. >> correct. >> how far are we going to go down this line >> it's unrealistic to give grants to some i don't -- maybe that's just a negotiating play -- >> i don't think so, jim. >> but it's not -- it's not realistic. if everybody gets grants then it's going to be defeated. it's not going to happen >> well, now, here you hit the rub in the whole issue if you are a member of congress and the airline executives come in and they say, look, we're going to furlough, i don't know, 30,000, 40,000 people, however many they have outlined so far, we're going to furlough those people, we will have to be a smaller airline and that means we're going to be cutting back service to some of these smaller markets, some of those markets are in your district you and i both know the number one thing -- maybe not the number one thing but one of the top things that people in congress do not want to lose, service. air service to their

jim: make actual handmade mock-ups. lemonis: jim, thank you. jim: thank you. ♪ lemonis: hey, erica, can you give me an update on the financials? it's time to tally up all of the money that erica has generated in the past few months. but more importantly, determine if we're gonna be able to be partners. how much inventory is left? erica: maybe a couple hundred dollars worth? lemonis: most of it sold? erica: most of it sold. i didn't realize, like, man, how could i not know that this much inventory was sitting in the warehouse, and we had this much money just sitting here? we're able to pay the shop if i loan that balance. lemonis: everything that i asked erica to do along the way, while it was challenging, she did it. get rid of some of the debt, negotiate with some of the creditors, sell off the inventory, get rid of some of the assets. every step along the way, she did exactly what i asked her to. i do want you to celebrate the fact that you went from $500,000 to $200,000. erica: thank you. lemonis: but how do we guarantee that it doesn't ha

>> actually i do, jim. as hard as that might be to accept i -- i think an attack of that gravity, of that magnitude, with the loss of life that we suddenly incurred, would -- would -- would promote unity, and it's a shame that it takes something like that to generate that unity, but i think it would. >> one, i do want to talk now about what we're facing today as a country because you and others described russia's interference in the 2016 election as something of a political 9/11. we're 50 some odd days from another election in this country. it's the judgment once again of u.s. intelligence that russia is interfering on a grand scale, again, to denigrate the democratic opponent of the president. i wonder. i just spoke with the dhs chief of staff miles taylor who confirms in his service in the trump administration there was deliberate effort to downplay intelligence about the russian threat more broadly and specific to the election. does this make this election more vulnerable to foreign interference? >> oh,

jim? >> revealing. thanks very much. >>> still to come this hour, we'll speak to the mayor of the midwestern city already hit hard by the virus now facing a new spike in cases. what he is doing to help get things under control there? >>> plus, today joe biden will head to kenosha, wisconsin. an effort to bring that community together as attorney general barr says the notion that there are two justice systems is quote, a false narrative. we'll be live from kenosha. >>> one of the largest school districts in the country not only dealing with coronavirus but now enduring days of cyber attacks on their remote learning system. such a disruption for students in the midst of this. we'll have more. ♪ i do what i want when i want it ♪ ♪ i buy my own rocks and i flaunt it ♪ ♪ rolling through the streets so stunning ♪ ♪ you know i'm a diamond honey ♪ ♪ i'm a celebrate this feeling ♪ ♪ watch me while i break the ceiling ♪ ♪ you know that unstoppable feeling ♪ ♪ so i'ma show'em how i'm

i'm jim sciutto. >> represented a i'm poppy harlow. this morning a source confirms to cnn that highly criticized texting guidance that we got just about a month ago from the cdc, remember that, it said that asymptomatic people don't need to get tested unless they are part of a vulnerable population. in fact we now know that was posted over serious objections by the cdc, not written by their scientists and skipped the normal scientific review process. that news is very alarming as 30 u.s. states are seeing a rise in covid-19 cases, and a key model now predicts up to 20,000 new deaths over the next three weeks. >> yeah. something has taken a negative turn sadly in those numbers. well, this as new data shows a vast majority of americans are worried that a vaccine is being rushed to the public. nearly half now say they will not get a vaccine when one is ready. this is a big deal. vaccines don't work unless the popration trusts them. cnn's senior medical correspondent elizabeth cohen joins us now. okay. tell us first about the testing guida

jim, do you have any thoughts? let me just say one more thing about it, in 2016 there were reports about hacking into voter registration rolls. but we didn't have at least even with further information, widespread reports of attempts to hack into actual-- to manipulate actual votes. >> actually, clare, we made the statement and the assessment that we saw no evidence of tampering with voting machines or voter tallies. that isn't to say that didn't happen. we didn't see the evident of it. and this time there will be heightened awareness of this. what i've read, and i can't verify this, but there's a very high percentage of voters-- of voting processes where there's paper ballot backups. i've would hope that that would be a buttress against tampering. but it's certainly quite possible. one of the things that concerned us was we saw the russians reconnoitering, almost noisy about it like sometimes they wanted us to know they were doing it. voter registration, for example, there's all kind of mischief manipulating them,

send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. the lexus es. every curve, every innovation, every feeling. a product of mastery. lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. to deliver your packages. and the peace of mind of knowing that important things like your prescriptions, and ballots, are on their way. every day, all across america, we'll keep delivering for you. every day, all across america, ♪ if i could, baby i'd ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wir

arthur >> caller: jim, how are you? >> what's happening? >> caller: i became interested in a company called kensington capital accusation when i found out they are participanting with a foreign fund in a project involving solid state batteries. certainly, very lotble from an economic perspective. >> right. >> but does the management possess the quality to bring this socially worth wile project? >> boy, we got so much home. we are doing a home segment tonight. i got to tell you, the lack of knowledge about what we're doing here makes me uncomfortable and you may -- as it is, i can't figure september 22nd. i got to take a pass but i'll do homework and find out any other spac other than the one i'm not happy about. let's go to gilbert in california >> caller: hey, jim, how is it going? >> couldn't be better. how about you? >> caller: hanging in there with working and 9/11, thankful for those sacrificing soldiers out there overseas and making sure we're safe at home my main question on smile direct club earlier this year i had my position below

jim, thanks for having me on. it is a very concerning situation because we have incredible expertise. and what we want is our president to lean on the expertise within the u.s. government and to lean on the expertise of american scientists across the nation. unfortunately he's leaning on somebody who is not only not an expert but often says things that are just inconsistent with where the science and evidence is. >> sanjay, we're learning some really concerning news out of florida where the governor has reopened bars and stopped enforcing mask mandates. is another surge inevitable with that kind of thing going on? >> yes. you're definitely going to see more people get infected who otherwise wouldn't have become infected. the thing that hasn't changed since we've been talking about this since february is the virus is still a very contagious virus. more people aggregating together in indoor settings in particular that's not well ventilated, there will be more cases there. it's tough to say how many for sure. but thi

jim, i see roku up 16.5% is this you? >> you know, judge, this is my favorite trading vehicle, frankly my only one. it's up 6% from when i bought it i think it's got another 12% it will be above $200 a share. i'm going to hang in through the ups and downs here >> good for that stock for sure. serat, what do you have for us >> oracle. a great earnings report and now you have this other information going on it's a cloud computing inflection point >> steve weiss >> cash, but if you feel like you have to do something, buy the qs at the close today but go flat >> cache, okay joey >> whether s&p is up or down 5%, apple will outperform. >> thanks for watching, everybody. "the exchange" begins right now. >>> scott, thanks, and welcome to "the exchange," everybody the september selloff is picking up steam with stocks deep in the red today. after coming off a three-week losing streak already, this is now the dow's biggest drop since june 11. it's down 800 points as i speak, and now investors are on edge a uncertainty of future stim

election and they have to do something jim this is a company that came under the spotlight particularly says to 1060 where many people said that it was responsible for undermining democracy then do you think that. facebook is just trying to take a pic cautionary stance this is my question to understand yeah i think they are i mean they have like i said they've got to react and do something you know this is in some ways a fairly mild you know band one week ahead of the election no new ads you can continue to run the ads that you've had you just can't introduce in a new ad. and i think that was probably the subject of a considerable amount of debate internally should they start to try to do that immediately now roughly 60 days out from the election should they do it 30 and so you can imagine you know heated debates where they finally compromised on let's do it a week ahead of time so the political candidates and the campaigns can still run their ads all the way up to the election but starting a week beforehand no new content so that prevents the last minute surprises and there's been a lo

a bet on jim farley. i think that makes sense farley is a car guy. he's not as good as office cabinets like the previous guy from steel case. that was not farley's suit farley is more of a car guy than he is an office -- kind of like a chair and cabinet guy. so i think, carl, that i like the ford call more i know that gm is going to go up i know nikola is going to go up. but at the end of the day i want to know if gm is going to spin off this unit. if they spin off this unit, we've got some value but other than it's just the same i've got to be cooler than ford >> if it's a significant partnership, jim, you shouldn't just throw it away they own 11% of the company. they are commercializing battery technology together. gm will use what it develops over a broader product portfolio over time and it puts a significant vehicle on the road for nikola beyond its hydrogen big trucks and its fuel cell -- remember, it's a vertical system that it's got beyond that. >> i think it just -- all i'm saying is gm got a great deal. gm can now do something. it's got val

let's go to jim in california, jim? >> caller: hello, mr. cramer. >> hi. >> caller: thank you for taking my call. it's an honor and privilege. uber, it's been positive rally the last six out of the seven days sell or hold i'm at my break even point. >> sell or hold. we don't care where the stock is coming from but where it's going to uber is okay people will take out food from now until the cows come home and with restaurants opening a little bit, a lot of delivery, uber eats is good. i like the industry consolidating so i think you're okay in uber dave in new york, dave >> caller: hey, jim, long time listener, second-time caller got a question for you we bought 1,000 squares of 367 i want to tell you where i'm going with net. >> i think that you made a little bit of money. time to move on. the rates are just okay right now. they were fabulous go back to 4.5 perhaps the rates can turn around. i know and hanson thinks they can. i'm a little more. cody in washington. >> caller: thanks for taking my call i've been listening a long time. >> okay

always great to see you, sir. >> thank you, jim. it's been a pleasure. >>> been trying to buy this stock for my trust for at least 50 points. just kept thinking it would come down it never has i don't know what a horse "mad money" is back after the break. ♪ ♪ [ engines revving ] ♪ ♪ it's amazing to see them in the wild like th-- shhh. for those who were born to ride, there's progressive. makes it beautiful. state-of-the-art technology makes it brilliant. the visionary lexus nx. lease the 2020 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer. experience amazing i can't wiat to share at&t's big 5g news... (shouting through the glass) at&t has nationwide 5g? yup! and that's faster? faster, yea! but is it reliable? ah huh and secure! you should consider making a big deal about it! bigger? i said bigger! oh, big-bigger deal bigger than what i'm doing? it's not complicated. a 5g network needs a 5g device. now everyone including existing customers can get a free samsung galaxy note20 after trade-in. >>

because we know the struggles that the airlines are having, jim. they continue, of course, to also hope they're going to get some form of new aid from the federal government which remains very much unclear. >> right. >> as does even more so of course broader aid, so to speak, for small businesses and states and municipalities and we can go on and on. >> look, they were doing continuing resolution yesterday. >> yeah. >> they're not focused on what they're focused op tiktok which means by fasterly if they get that, buy walmart. i think the idea of millions of people unemployed, put that on hold >> it does appear that's the case. >> it's on hold. >> it's not -- >> whatever. >> carl, it doesn't seem likely at this point, i mean, easy to say, you never know, things can change quickly but it doesn't appear likely we will get anything out of congress before election. >> certainly not i mean, it was encouraging, though, to get the house vote on the cr and that will go to the senate now it was interesting i thought, jim, that mnuchin did say the administrat