tv Cavuto Coast to Coast FOX Business June 3, 2020 12:00pm-2:01pm EDT
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story. the stock straight up. look at dave buster's. that is another reopening story. that is up 24%. that is dave and buster's for you. a sea of green all across the board, every major indicator on the upside, the dow is up 400. see what you give you, neil cavuto? neil: believe me, i will screw it up. stuart, thank you very, very much, we're up 415 plus points as you indicated here. most of the s&p 500 sectors are chugging along here. we're following promises by opec and even some non-opec countries to rein in supply jet again. they have been pretty good at doing this lately. that combined with the global economy has been the wind at these guys back. averages have come far from the march lows, remember those? in the case of nasdaq up better 42%.
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in case of s&p 500 and what's happening and dow up better than 40% from that period. the dow hovering over 26,154, a little more than what, 3,000 points from all-time highs reached in february? it is a bit of a remarkable turn around here. we are on top of that. we're on top of promising signs when you hear mark zandi, the moody's chief economist who is now saying that the covid-19 recession is over. that job losses are not as bad as feared. that he sees a pickup in jobs starting in this month. he was mr. doom and gloom. if you want to be contrarian, run the other way on that. for him to say that this might be the worst that has come and gone, better days are ahead that is greasing the skids for more buying. we're following that. following what is happening on the interest rate front as they pick up. again it is really reflection of the improving global economy, keeping an eye on that. keeping an eye right now on new york city and whether things
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can kind of be what they were like last night. they were touch and go. by and large a lot better than people feared, a lot calmer than people have seen. kristina partsineveloss with the latest right now from new york city. kristina? reporter: you're right, neil. the fact you had two curfews two nights in a row. it was relatively calm. the city has been in lock down and boarded up. i'm at apple on fifth avenue. it is the iconic apple store. they added white. don't look like the walls will come down anytime soon. soho, here at bergdorf goodman, everything is boarded up. it looks like a giant hurricane is about to come through the city. one thing, the governor and mayor of the city both agree yesterday was relatively peaceful. mayor de blasio had a press conference recently.
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listen to his combments. listen in. >> we expect a lot of police officers. we expect them to live up to the highest standards of our society. and i saw a lot of good last night. curfew beginning at 8:00 p.m. going on until 5:00 a.m. next morning. that will be in place, including sunday night to 5:00 a.m. monday morning. at that point we hope to lift the curfew. reporter: hope right now but retailers are taking it into their own hands. those that have extra money like saks fifth avenue have gone to the extreme. they have the most protection out of everyone in the city. they had 20 guards overnight as well as floodlights. they put up wooden planks and razor wire all surrounding the building. we came from there. they're readding more reinforcement, more wood. this is to stop the looters, the thieves. we also have video from last night. quite a situation in front of zara, this is in the financial district, where looters went
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inside of the store. it is swarming. more than 30 people. people running out. there was altercation with police officers. there was a few arrests in that situation. so far there have been over 2,000 arrests within the last six days, neil. based on observations here in the city. everybody is trying their best. there is hope here. boarding updelve a site for new yorkers here. preparing for the worst, hoping for the best, which is the typical line. retail industry is hit hardest with the lock down, with all violence and looting. something completely separate from protesting. back to you. neil: all right, kristina, thank you very, very much. a little surreal there on fifth avenue, the way it just looks. let's get the latest from joseph esposito. joseph is a retired nypd chief, formerly of the office of emergency management.
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joe, good to have you. how do you think the new york city mayor has been handling this whole thing? >> well i think that is part of the problem. if you look ad electeds right from the governor on down to the city council, even the d.a.s, they want to be more progressive who can be the most progressive. it is coming, the chickens are coming home to roost. they decriminalized a lot of offenses. bail reform is absolutely ridiculous. that is part of the problem. so i think they have got, hopefully this is wake-up call for them. we may, probably over 1000 arrests between monday and tuesday. i can tell you that the people that were arrested on monday are out already. there is no bail for burglary. they were probably in, most of yesterday. but let's see what happens today. they're back out again. so, you know, i think the problem with the electeds, again, very progressive liberal city, what you see is, i'm
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seeing the d.a.s and elected, if you see police misconduct. let us know. that shouldn't be the message. the message should be if you saw somebody throwing a bomb at my police, let us know. so i'm moping this is a wake-up call for the electeds in the city of new york and state of new york. neil: went that's where we have that dividing line, right? new york governor andrew cuomo questioning how the new york city mayor handled it. the bloom is off the rose if there was any rose. he doesn't think the mayor did a good job. many would agree in the city, when the mayor insists looting was and violence was way overplayed in the media. what did you think of that? >> no, there was a lot of looting. you know, really i guess it started on sunday. really it kicked in. unfortunately sunday is a low
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personnel number for the nypd. sundays are usually a quieter day. a lot of people are off that day. so they tended to catch us off-guard a little bit on monday but there was a lot of looting. you have to give credit to the pd. 700 arrests on monday. two or 300 yesterday. that is what is stopping that. if we could have done that on day one, i think we would have prevented that ugly scenario that happened on monday. but again, you know this, was a spontaneous event. a lot of times, nypd, you're able to plan. rnc, world economic forum, things like that you have time to plan for those things. this was spontaneous. george floyd was murdered on -- neil: i understand, not only, but i got a sense though in new york, as well as in in minneapolis some of the other cities, the police were almost there with one arm tied behind their backs. does a word go out, go slow,
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don't overreact, stand down? because it certainly seemed that way? >> well, again we created this monster, through what we've done with the bail reform, decriminalization. nypd, the officers are not getting their back by the local electeds. that plays on their mind. they want to go out -- they are the best police department in the world. they want to go out there to do their job. in the back of their mind, saying wait a second, i'm getting a molotov cocktail thrown at me and everybody is saying if you see the police doing something wrong, let us know. that's the wrong message. how can you expect an officer to go out there and do his or her best when they're looking over their shoulder to see if they're taking videos, taking proper police action. very disheartening. neil: it is indeed. hopefully, cooler, calmer, mature heads will prevail here. joseph esposito, thank you very
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much. maybe in the mix, bring in more military, guard men, more military types all together. hillary vaughn exploring that in washington, d.c. reporter: hi, neil. the military show of force is on display today. you can see police forming essentially a human barricade between protesters here and the white house, that is just half a block away. that's different than yesterday. because as you can see yesterday at the white house there is a black fence in front of it. that is where police, what police were behind yesterday. today, they're out in front. about half an hour ago we saw this line of law enforcement move back several feet towards the white house, making room for more protesters. as protests begin to start their ninth day of protests around the country, 74,000 national guard soldiers and airmen were activated for domestic operations. here in d.c., national guardsmen from 10 states, at least 3600 troops are here in d.c., supporting law enforcement to
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contain civil unrest but also protect infrastructure, like our national monuments. the defense department was counting on more national guard troops to deploy but democratic governors in pennsylvania, delaware, new york, virginia, turned down defense secretary mark esper's more request for more security help even though the president has credited this massive show of military force as a way to quell and contain rioting in the district. defense secretary esper does not support the use of the insurrection act which would allow the president to use active duty forces for law enforcement duty. >> i say this not only as secretary of defense but as a former soldier and a former member of the national guard. the option to use active duty forces in a law enforcement role should only be used as a matter of last resort and only in the most urgent and dire of situations. we are not in one of those situation now. i do not support invoking the
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insurrection act. reporter: last night there was another round of pepper spray and pepper bullets fired at protesters from police at the barrier between protesters and white house after protesters taunted the police, shaking the temporary fence set up. attacked them, throwing bottles at them. a fire workers flowedded, directed at officers. that hit near the bottom of the fence. neil, the scene is not dwindling down from day-to-day. we are on day nine, over 1000 people broke curfew to gather at white house. more and more gathered now between this morning and we'll see more throughout the day. neil? neil: hillary, be safe yourself. hillary vaughn in the middle of all of that. congressman mark green in the beautiful state of tennessee is with me. he sits on the house oversight and reform committee. house homeland security committee. very importantly a army special
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ops flight surgeon by training. so on so many levels a good guy to talk to. congressman, good to have you. what do you make of the role, the military should play here or whether that just agitates things further your thoughts? >> i think having national guardsmen on the street right now is probably one of the best things that could happen. i want to ask the american people. take a look at those national guards men. inside of their ranks will be african-americans. there will be caucasians and latinos working as a team. they will work together united towards a single mission. what americans need to do is look at that right now. that is what we need in the whole country. so i'm, i'm excited to have the national guards men out there being seen by the people. being seen as a diverse workforce, working together. i agree with secretary esper. i don't think it has gotten to
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the point yet where we need to do the insurrection act. that is certainly something that the president is, you know, thinking about and considering but having the guardsmen out there, i think it is awesome. neil: just wondering if the president raises that as a possibility, congressman, us does that add to anxiety? >> i hopefully adds to the anxiety of governors that haven't been doing their job. there were some failures to respond by certain governors. i think most of that has been addressed. it has been noted that last night with guards men deployed now at 74,000 or so, you know, peace is returning mostly. there are small pockets of still looting and thinks like that. but his, sort of dropping that out there, you know, president trump has the heart of the deal. throws a position out there and has people come to him.
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i think that what i did in this case. by saying it caused the governors to do a little bit more. now we have a more peaceful situation. neil: let's talk about the economy right now, seems to be maybe going through the worst of it, a lot of people optimistic, congressman that things will pick up but many in your party while not advocating for continuing generous unemployment benefits of $600 a week are open to employment bonus, in other words, you seek out get a job, you get a bonus. they haven't detailed kind of money you would look at there, but what do you think of that? >> so right now we have created, because of, you know, the senate, particularly the republicans, that portion of the bill that, basically bonus not to work go to the floor before it was address. then they attempted to address it on the floor and couldn't get it off the bill. it passed. now we're in the situation where we have this massive incentive
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not to work. states don't necessarily have systems in place where they can track when a person has a job offer. so we, one of the things that has to happen is, we have to help the states and direct the states to create some mechanism to track, i offered this person a job. and they're refusing to take it. in those circumstances, those unemployment benefits, that bonus should be taken away. that was the intent of legislation in the first place. there isn't a mechanism in the states to get it done. we have to reverse the incentive not to work. there are a lot of different ideas. kevin brady has, i'm reading through his bill now, there are a couple of ideas or mechanisms to do this in the senate. we're looking at all of those. we've got to get rid of that disincentive to work. neil: all right. congressman, thank you very, very much. good catching up with you. in the meantime you might notice a corner of the screen, the dow
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up very, very smartly right now. we should say buoying this is optimism the recovery will go well. we'll have a smart rebound here as more and more states reopen. we're seeing benefits of all of that. but interestingly enough is the backdrop for initial public offerings, one that is getting a lot of attention is plian therapeutics. it is shares up over 55%, trading nine million shares were priced in roughly to 14 to 16-dollar range. and it is on fire. a sign many other ipos could be similarly favored. we shall see. you say that customers make their own rules.
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♪. neil: one down, two to go. three big jobs reports this week, adp, private sector payroll numbers people follow very closely, showing that that sector of the economy lost about 2 or 3 quarter of a million jobs during the month. nine million were expected to be lost. much better than that there are
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still jobless claims tomorrow. we're looking at the big jobs report tomorrow on friday. the trend, with a lot of data. not great data but shows a steady decline in the worst of it. let's get the read from keith fitz-gerald. clearly the markets are responding. they like what they're seeing. do you? >> i like what i'm seeing very much because the narrative is shifting from doom and gloom, even all the negative headlines and all the negative news still to come. it is moving forward. that speaks to hope, that speaks to recovery, that speaks to the american spirit. neil: you know what is wild, when you look at major market averages, keith, you and i gotten into this before, they're substantially from the lows. nasdaq is up 48% to its lows. if you think about it, we're a little more than 3,000 points away from our all-time highs, a little bit more than that on the dow, that is remarkable come back. what do you think? >> you know, by any stretch of
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the imagination, neil, it is remarkable, it's fabulous. whatever word you want to use to describe this. mesh may be in a tough spot right now, if you look through our history, you never bet against this country when the chips are down. you have a remarkable habit coming together, settling our differences, i am incredibly optimistic we will fix many of the devastating problems that are plaguing this country at the moment. neil: you know the protests are largely ignored by the markets, and i wonder why? >> you know, that is something i obviously have to give a lot of thought to every day. there is a very surprising answer. so the markets historically have been driven by human emotion. these days 85% of the markets, neil, are driven by computers. computers don't have emotions. what the computers are doing, looking ahead, 60, 90, 120 days. the humans in this instance are being forced to play catch-up. that is why the markets are
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continuing to attract capital even as they ignore the headlines. neil: well, something is going on to your point. keith, thank you very much. keith fitz-gerald on all of that. we're also exploring, we talk about protests, especially ones in new york city. can you imagine a lot of people leery about returning to the big apple once all this deshelterring is finished. then they see protests. that is not helping the matter. the big surge in relocations, out of the big apple. after this. want to brain better?
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sprinting past every leak in our softest, smoothest fabric. she's confident, protected, her strength respected. depend. the only thing stronger than us, is you. neil: all right. one thing to be angry at the minneapolis police department but to sever ties with them? a number of minneapolis public schools are in process of doing just that. garrett tenney in minneapolis.
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what is going on here, garrett? reporter: fall out continues for the minneapolis police department. just hours after the state is launching a civil rights investigation into the department, the school board will cut ties to department. they will no longer use city police as school resource officers. the chair of the school board explained the decision this way, we must take actions to stop systems of oppression. that means discontinuing our contractual relationship with the minneapolis police department. today the city's park and recreation board will vote on a pair of resolutions to cut tie with the mpd as well. we want to take a live look as well, to the site of where george floyd died. right now, members of this family, along with their attorney is visiting that site, to be able to pay their respects. this comes one day before a private memorial will be held for him here in minneapolis.
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it was another peaceful night here in the twin cities neil. this afternoon governor tim walls will give an update on the state's response. we'll look whether or not he extends the curfew in place since friday. and encouraging sign, today for the first time, in nearly a week, the city's buses are back up and running for folks here. many businesses starting to reopen, both from the coronavirus pandemic as well as from the rights taking place here as well. neil? neil: it seems to your point, garrett, that day by day things are not returning to normal. they probably will never be exactly normal but the worst of the violence is hopefully over? reporter: yeah, neil. the protesters were wanting to see immediate action, some immediate response to their demands. we've seen the officers fired. we've seen the one officer charged. and now with these other three sisters being charged they're
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able to get a feeling, a sense something is being done to address our concerns. that seems to have made a difference. neil: thank you very much, my friend be safe, garrett tenney in minneapolis when those discussions start there and they have this service, that will be occurring, exact location that floyd died. we'll keep you posted. we are also keeping you posted on a number of people who are looking at protests, on the coronavirus thing, the whole idea being near urban areas, period. why particularly in the new york metropolitan area, a lot of residents are saying you know what? this is a good time just to leave. and they're moving out. we have roadway moving president, can keep track of this better than anyone. the numbers bear it out i guess, ross. what's going on? >> yeah, there is a big movement, definitely out of the city. we have seen so far year-over-year we've seen 179%
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increase in traffic. neil: wow. >> this is not necessarily down south, but just leave the city. they may go to jersey or south connecticut, definitely you can feel it this season. neil: did any of this pick up steam? i know it is fairly recent in the last week or so with the protests. was that another catalyst for people saying, you know what? this is not the place for me? >> i haven't, i haven't seen that, no. i've seen that, the movement started around the coronavirus, around march. neil: got it. >> it picked up through may. i think it is more because of their epidemic and schools are being closed. i haven't heard about the rioting. maybe. neil: no, that is good to hear if that holds. where are they going? i know you can't keep going, out of the new york metropolitan area but to where? >> we definitely keep track. we use a very good crm like
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sales force and we can track everything. so the trend, people move everywhere but you can say hot spots are jersey, not too far from the city and south connecticut f they're moving to a different state, let's say further south or like long distance move, that would be florida. florida became a monster location. a lot of people going there. and if they move businesses, you would be surprised, a lot of people move businesses out of new york. another location is austin, austin, texas. neil: that is wild. the ones who are moving out of the city, are a lot of them still working in the city? in other words, they just want to be out of the city itself, they don't mind commuting back and forth to the city but just to be out of the city as far as where they live? >> yes. 100%. that pandemic taught us working remotely is possible and actually productive. so a lot of them are moving out while their businesses are still operating in new york and they
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will work remotely. a lot of people, i would say majority of people moving into storage right now. they will place their things in apartment or house until they figure out what to do. they move to south florida or south jersey, and once the school is open, they will make that decision. neil: we'll watch it closely, ross, thank you very, very much. this is fascinating. those watching from home, this happened in new york city right after 9/11. then a lot of people were saying they would avoid downtown new york. a lot of people saying they would avoid new york period. that ended up being much more short-lived than thought. now downtown new york grew to be a mecca, not only for those who want to live there and work there, but just make it their home there. that was then. could be a different circumstance now. we shall see. we'll have more after this. the look, this isn't my first rodeo...
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♪. neil: all right. we're following a busy day at the corner of wall and broad and also protests that continue around the country here. we'll see how that fares. they're hopeing for a calmer day what is a 10th night for curfew inspired protests. they're shutting down things earlier. not everyone is following up on that. it has mitt gated a lot of this. apple is tracking phones stolen by looters. a lot of phones were stolen by looters in apple stores and some apple stores were broken into in the middle of all of that, but mostly just stolen, period. i want to go to charlie gasparino right now. he is following more of the epstein case and some connections to, at least several powerful people but one in particular. charlie? >> two big banks, deutsche bank
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and barclays. ironically when you talk to people and what both are arguing toe regulators, what is iting they're saying our relationship with mr. epstein has something to do with his relationship with jpmorgan and, i will get into all that in a second. like i said, two big banks are under scrutiny because of their relationships with, with mr. epstein, convicted sex offender, who hung himself in his jail cell while he was awaiting charges. mr. epstein had a long history on wall street. he did business with bear stearns in the day. then jpmorgan. most recently deutsche bank and had a continued relationship with the ceo of barclays, jeff staley. but here is what we know, deutsche bank is primarily the one under the gun right now. new york state regulators are looking at their relationship with mr. epstein. what deutsche bank is arguing is pretty simply. he came to us in 2012.
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he came to us from jpmorgan what they're describing as a clean bill of health, despite the fact in 2008 he was convicted of having sex with minors. he came to them not as money launderer, what they're arguing spent some time in jail and paid for his, paid for his, his crimes and, there was no reason to reject him as a client. at least that's what they're arguing to regulators. they say they began to sever ties with him in 2015 when more of the controversy started coming out about his involvement with underage girls. when that was in the press. completely severed its relationship with him in 2018 when that became a major issue which was leading to investigations. there was a major investigation by the miami herald which led to other investigations. they're basically arguing
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between 2015 and 2018 there was arguement within the bank whether or not to get rid of him as customer. they were slowly waning him off the banks books. that is what they're arguing with regulators including the new york state finance department. i can't tell you whether it will work or not. they're basically saying, neil, they had no reason to terminate the relationship or reject him initially as a client because he came from jpmorgan with what they're describing as a clean bill of health. barclays is a little different. barclays never did business with him directly. its ceo, jes staley, a former jpmorgan executive, that is where the relationship came was very close to epstein. what is under investigation with mr. epstein whether he misled anybody about his relationship with, with mr. epstein, misled the board when he was asked about it, because the board has done an investigation of barclays. there is a british investigation, the fsa, a major british regulatory
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investigation. mr. staley is not resigning i am told. he has no plans to resign. they're saying he has done nothing wrong and they think they're going to get through this fsa investigation. so two banks largely under the gun, barclays and deutsche bank. deutsche bank is trying to fight back those charges. it is also interesting, they're both sort of pointing at jpmorgan, the nation's largest bank. jpmorgan kept him as client until 2012 or 13, around that time frame, i'm not exactly sure. so they kept him on as a client even after he got out of prison for the initial sex charges. so interesting web here, neil. obviously the no the last we're going to hear about this. there is documentary on netflix that lays out some of this stuff. i have a couple appearances in that documentary. one problem with the documentary is never really got into his money. how he made it. it is still very murky.
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we know he was rich. we just don't know exactly how he made that money. my guess he was a good broker, which he did a lot of brokering for a lot of high net worth people, a horrible individual. back to you. neil: did they do that, did they talk to you in your office? >> yes, they did. my office at fox that, listen a messy office is usually a sign of a brilliant person. i read that someplace. neil: not all the time but i mean, you didn't look like -- >> just a messy person. neil: you could have cleaned it up i mean? >> i clean -- neil: good for you, young man. you were on this when nobody was and repercussions and how the tentacles spread to this day, long after epstein's death. so we're following that. we're also following what's happening in the dow right now. the record run continues right now. if you think of where we are now, from 18,000 where we were
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roughly in the middle of march, we're better than 8,000 points from them, 40 plus percent. zeroing in on 50% for the nasdaq from those lows. the nasdaq itself within spitting distance. forget about, you know, new highs in this cycle. how about all-time highs, for any cycle. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together.
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♪ neil: it is no secret of course a lot of businesses are being targeted by looters and those who just want to damage things. gerri willis has been keeping track of it right now. it has gotten to be a huge issue pretty much across the entire country. talk about bad timing, right, gerri? reporter: oh, yeah, bad timing. the hurricane season started this week, so it is double jeopardy for insurers. but for small business owners they have to absolutely have to have a business owners insurance policy to get help. even then it depends what kind of damage they have whether they get coverage or not. as you know many landlords require small businesses to have policies which cost on average 1200 bucks a year for a typical small business with five million
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or less in sales each year. for those that have the policy, damage to the physical plant of the building, contents, think inventory is covered under wake of fire, riots, civil commotion and vandalism. coverage for plate glass windows, seen so many that is separate rider to the policy as business interruption coverage. now it is not great, but certainly better than the covid-19 coverage. so this is different. now, experts say claims for minneapolis alone will add up to $25 million. expand that out to about two dozen cities across the u.s., as you say, neil, multiply by a few needs, you're starting to see the level of damages we're talking about here. for historical context look at closeliests disorders over time. l.a. riots cost insurance industry 1.4 billion in today dollars. now the good news while many covid-19 claims were not covered this time it looks like
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businesses will get paid. listen. >> the insurance industry prepares very well to be able to serve customers for those covered disasters. many insurers and brokers are making commitments to keep employees employed during this time and the reason is, there are covered catastrophes that are happening all the time. reporter: so this is really preliminary numbers when we talk about minneapolis 25 million t will take a while for us to figure out the total cost but it will likely be the most expensive of its type in history. neil, back to you. neil: probably to put it mildly. thank you for that very much, gerri willis reporting on that. this next guest could attest to the fact maybe something like this needs to be addressed. tracy is a personal privilege owner. this as chicago is moving to a phase three of getting back to normal. good luck with that because
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right now her store was looted by robbers. tracy, where do things stand right now? >> well, we did want to open today moving into phase three but it is not possible. we were looted, this whole block looks surreal. it is all boarded up. i don't think possibility of anybody opening anytime soon here with all the damage done. neil: when did it start? was this earlier in the week? you tell me. >> the looting happened sunday night here. it went on into monday morning. they came back also the next day and hit other businesses that they didn't hit the night before. neil: did they know, were they indiscriminate when they hit you, tracy.
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i have seen some businesses just seemed to be randomly attacked no matter who they were? >> yeah. and i definitely think that was the case. i think they were just going up and down the block. anybody that could get anything out of the store, they were getting it. i was seeing reports all night on twitter, that was my only way to keep an eye what was going on, yeah they were saving that, they were just hits up every store, every restaurant. every storefront that looked like it had something in it. neil: you know, the mayor of chicago has promised at least a 10 million-dollar relief fund to help business owners like yourself. i always think that since there were so many business owners like you were hit, i don't know if that is enough to go around. what have you heard? >> i did hear about the 10 million. she did mention they were starting a at 10 million. so i think [inaudible]. looking for philanthropists to
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come through to help about more of the funding. hopefully that will help. i don't think 10 million is probably enough for the city but hopefully we will get more and, you know, be able to help everyone out. neil: you know, i'm just curious, what were police doing when all this was happening? >> i'm sorry, i didn't hear what you said? neil: no, i'm sorry. i wasn't clear. what were the police or guardsmen in the area, what were they doing as this was happening to your store and so many others? >> i believe the police were out on milwaukee avenue but i don't know that they were policing and i don't really know if they could because i'm sure they were probably out numbered. neil: right. >> so i still have not been able to file a police report. i have called the police station eight times and every time i get hung up on. i'm going to try to go to the
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police station today, to file the report so. neil: you talk about crazy timing, right, between trying to get your footing right after the whole coronavirus sheltering and distancing and all of that, and then this, but you're still determined, it would seem to reopen eventually, right? >> yes, i am. actually two weeks before this my store flooded in the basement because we had floods. so i had that, two weeks later this, happened. this kind of demolished me but i still have the drive to come back. i still have hope. i still want to try to reopen and get my business back. neil: this whole experience, what has it taught you? >> well, taught me that you should never know what's going to happen.
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i would never thought we would be in this day and time with coronavirus, with the looting. i don't know. we just can't be prepared for something like this. neil: no, you can't. but i admire your perseverance. i know things will work out. i'm stunned by your optimism that you're going to pick up the pieces and try to get that business back up and running. that is enormous that's at that at testament to you and your workers. tracy, i wish you well, thank you very, very much. >> thank you. neil: we live in pretty crazy times, don't we, when something like that happens and a woman whose only hope was just to you know, keep a business thriving and going, well-regarded business at that so the times are crazy. they are scary as well. do you ever wonder what luminaries of the past would make about it, if they were alive today, like muhammad ali,
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the greatest, what would he think was on on actively with martin luther king and doing demonstrations, asking that more cooler heads prevail. sadly he is gone and his daughter and stunning grandson are living his goals. they're next. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. once-weekly trulicity is for type 2 diabetes. it's not insulin. it starts acting from the first dose. and it lowers risk of heart attack, stroke, or death in people with known heart disease or multiple risk factors.
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neil: all right. then there were three. remember, it was twitter, then facebook, that had concerns about whatever the president views on their respective social media, not so much that they were going to take his musings down but in the case of twitter, they would certainly fact-check. in the case of facebook, maybe say something about them. but again, not take them down. now snap is saying it is not currently promoting the president's content on snapchat's discover platform. that doesn't mean that he's not still on that platform but they're not promoting his content. so there you go. if we get anything more on this or twitter responds from the president, we will no doubt hear from him. blake burman, on hearing the president will be meeting with
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top republicans to come up with still more stimulus right now. used to be a matter of maybe if and not when. now it's when, maybe soon. what are you hearing, blake? reporter: yeah, i am hearing that the president is still expected to be meeting with his economic team at some point this week. that is really the target range for this meeting. at some point by week's end, to sit down and go forward and go through with what the next step relief measures might be in response to covid-19. this will essentially crystallize where the white house stands at this point in time and what they want to see going forward. we have already been told that nearly a handful of things are at the top of the priority list for the president. that includes things like liability protection, of which there's widespread agreement among republicans here in washington, a payroll tax cut, of which president trump has been pushing for. the federal benefit that has been put at $600 in the cares act. the unemployment benefit, reducing that about halfway down to $250 or $300. and a tax deduction or credit for vacations within the u.s.
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for a defined period of time, which would apply to things like meals and hotels. so as the white house economic team is set to meet with the president to discuss all of this, one of the president's top economic advisers, kevin hassett, this morning described their goals this way. >> what we're doing is we're preparing a number of options for the president that we expect to present them to him, he's going to decide what he wants to do and he's going to have a complete menu of options that's conditional to what we are seeing on the economic data so if the data are worse than expected, we will have a plan for that. reporter: elsewhere today, there was a break from the white house by the secretary of defense, mark esper, saying this morning he doesn't believe the insurrection act should be invoked at this time. that is the option the white house is keeping open to try to potentially end some of the nationwide riots. >> the option to use active duty forces in a law enforcement role should only be used as a matter of last resort and only in the most urgent and dire of
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situations. we are not in one of those situations now. i do not support invoking the insurrection act. reporter: been a busy one today already, neil. we expect to hear from the white house press secretary kayleigh mcenany next hour. also today, over at the department of transportation, they pushed back against china, saying that airline passengers service into the u.s. will be suspended by june 16th at the latest. the bottom line with this one is they say that china is not being reciprocal with the u.s. when it comes to passenger airlines. they say china is violating the air transport agreement. neil? neil: all right. blake, thank you very much. blake burman. stormy weather for protests. i'm talking quite literally, stormy weather, because for a lot of them, they are going to be encountering that, especially in the new york metropolitan area, quite literally thunderstorms expected and that could cut down on the crowds or it could complicate things. connell mcshane in the middle of all of that. "after the bell" host, much much
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more, on what we could be looking at. connell? reporter: you're right, the weather, there are heavy thunderstorms expected later this afternoon, could have an impact on the turnout of the protesters, but they are still expected to turn out. the hope obviously is that they will be peaceful as they largely have been during the day. at night is where the issue has come in. with the violence that has broken out really for the last three nights, although things improved considerably last night. here's the challenge. this city as you know is ready to move into phase one of its reopening on monday. you really wouldn't know it if you look at businesses like h & m here in times square. all boarded up. this is not the exception, this is the rule, if you walk around manhattan today, you will see almost all the major businesses with boards up either cleaning up after being looted a few nights ago, or trying to prevent themselves from damage being done in the future. so we have video that was shot, for example, at the iconic saks fifth avenue earlier today as businesses are trying to take
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things into their own hands. saks went out and hired heavily armed security guards with dogs and all the rest to make sure nobody goes anywhere near their store. then when we were walking to times square, we passed an hsbc bank and the workers who were there were just putting up the boards. so they were trying to play catch-up. again, hoping to avoid the worst. that's what happened here last night. you know the back-and-forth between the democratic governor, the democratic mayor of this city, bill deblasio and andrew cuomo. cuomo critical of deblasio. when cuomo held his news conference earlier today, he did say that the way last night went is the way things should go from here on out. here he is. >> new york city last night was much better. the protesters were mainly peaceful. the police officer had the resources and the capacity to do their jobs and the results last night were much, much different than the night before. reporter: now, i talked to an
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nypd official just a few minutes ago. they said they made 280 arrests overnight but that compares to well over 700 the night before. they moved the curfew up from 11:00 to 8:00, didn't allow vehicular traffic south of 96th street and as protesters get set to gather this afternoon, some we expect in lower manhattan, we will head there later this afternoon, the hope is that they will be peaceful. n you know this from talking to business owners, we talked to them after the bell the last few days as well, many support the cause or the movement that has sparked these protests with the killing of george floyd in minneapolis. look at this billboard in times square. there's a chase bank above it, steve madden store below it. black lives matter. that's been up the entire time. of course, what they don't support, what they are concerned about, is the violence that's come in the evenings in many cities across the country including this one. the hope is to avoid that again tonight. there was scattered looting that was done last night but again, this city appears to be in a much better direction than it was just a couple days ago. we'll see.
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back to you. neil: all right. let's hope that continues. see you later this afternoon, connell. thank you very much. connell mcshane in times square on that. well, another person who wants to make sure that the protesters feel free to come out and state their case, just not the violent ones, is kalia ali, the daughter of muhammad ali who was involved in a few protests of his own, all peaceful. i mistakenly thought her son jacob would be with us today. he thought better of it, probably. no, i'm kidding. very happy to have his mom with us now. how you doing? >> i'm well, neil. thank you. how are you? neil: i'm okay. i know you, you know, support those peaceful protesters but not surprising, very much like your dad, have another thing to say about folks who veer off into other areas, right?
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>> absolutely. the anger right now is palpable. it's understandable. the latent injustice and racism has been far too much for us as a people to take. at the same time, it can't be a mask for criminal behavior. we have to peacefully assemble, move forward and collect ourselves in protest. that's something my father did and if he were here today, would definitely advocate. neil: yeah. i was thinking about him and some of the marches, the racial marches, peaceful ones, but he never would sign on to anything that turned into something more violent, so he seemed to be more of that martin luther king role, but maybe i don't appreciate how much. obviously, there's a lot you can't remember but i'm curious, what are your memories of the issues that mattered a lot to
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your dad? >> let mow just se just say, he have advocated change comes when people demand it. people have had to stand up and march and exercise their voices and make that demand. you know, my father first and foremost was a very prayerful man, he was a man of god, he was a muslim. he was someone who looked to prayer to find clarity and answers and i believe that's where he would have started. from that point forward, he would have moved intentionally with a whole heart and really pursued his beliefs as he always has. right now, i think that would 100% be about equality and justice, and for us as a nation, just stopping dead in our tracks, acknowledging what is true and what is truth, and moving together powerfully together. my father loved this country, he loved his country, he loved the freedoms and the democracy that he utilized so very very well and he loved every single person
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in this country equally. i think in his heart, he would want to know that all americans were loved the same and respected the same, and as we have clearly seen, that's absolutely not the case. neil: you know, i was thinking of your dad and how the controversy of the times, i remember when he protested the vietnam war and you know, all the way up to the supreme court, he won there but not before having probably three plus years, the best years of his boxing life, taken away from him. he couldn't earn a living. he would explain it with i thought such a simple eloquence that when it came to that war, just because i beat him up doesn't mean i want to kill him. i thought that was very profound, the way he looked at it, and i'm wondering now what he might say to the violence that has ensued in some cities, not all, and those who hijacked what is otherwise a very worthwhile and worthy moment. what do you think?
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>> i think that my father would express his love and gratitude for everyone and that he would urge them to stop and to think before looting and expressing their voices through violence and this type of anger. i think that he would be very careful to say we cannot normalize this kind of pain. i think he would acknowledge the pain of the people that are committing crimes and that are looting and rioting, but i think he would also urge them, pull them back to center and urge them to find other ways to vocalize their pain and to peacefully assemble and protest, and above all, there's other ways of handling these problems, such as voting and being more active civilly. just as my father was. neil: you know, your father encountered a great deal of racism. i can remember the case growing up in atlanta at the time, one of his first comeback fights was in atlanta, i believe against jerry quarry. there were a lot of people in
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atlanta at the time, i'm dating myself here, but i think it would be maybe 1969, 1970, i could be off a year or two, that were not happy to see him. they were not happy to see him victorious in the united states supreme court and resuming his living. how did he get through that? how did the family get through that? >> again, i refer to my father's faith. he's always believed in something higher and larger than himself. at the same time, you know, as my father passed away, what i found so beautiful about how he chose to do it and conduct his services is that he believed that god expressed himself in many different voices and he always honored and respected other people's religious beliefs and choices. but as a man for him, as a muslim man, referring to his faith and the leadership he found within his faith kept him strong and focused and clear. i think my father always felt that he was fighting for something much bigger than himself, you know, as a spirit all man, as a man of this world,
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my father loved and cared for everybody, regardless of their race, color, creed, socioeconomic background. he compassionately cared for humanity as a whole. and i think, you know, that got him through tough times. [ speaking simultaneously ] neil: we joke about the fact that hey, just because i could say crazy things doesn't mean those in power should say crazy things. he would be an equal opportunity destroyer of politicians who got a little too haughty. i don't want to step on sensitive toes but what do you think he would make of leadership today, of president trump today and his response to all of this? >> i think the post-mortem after his election with respect to racism has been very, very
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palpable and clear and devastating in many people's lives. i know myself personally, i have noticed a shift in the energy of this world. i can't speak of what my father would have done. i can only imagine, you know, he would just have wanted a much more peaceful america, a more settled america. there's been such unrest and anger and now we're seeing violence. you know, and lack of a cohesive leadership that we all feel we can follow. neil: the president as you know said to the black community from the time he was running for president, what the hell have you got to lose. the argument being democrats have abandoned you. i'm going to provide a good economic environment, up until the virus, there was much to be said that maybe he had, that you know, african-american unemployment, latino unemployment was at record low levels, same for
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african-americans, teenagers and the like, so he had delivered the goods. so much so that just the other day he tweeted that he has been the best president for blacks going back to abraham lincoln. what do you think of that? >> i think that's a very interesting assertion for him to make and i don't agree. neil: so you don't think he's been beneficial for blacks? >> you know, nothing's completely black and white. i'm sure that yes, some of his policies have been but on the whole, i would not elect him as my president that way. absolutely not. neil: what do you think of joe biden? >> i think that joe biden is a strong contender and a good candidate and some of the core values that joe represents reflect my beliefs and feelings. and he will have my support. neil: so when you look at the
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world today and it's been years now since your dad passed away, is there any pressure with that ali name and that with it comes great responsibility? i know you sit on a number of boards, you are trying to advance his work and your own work, i might point out, that goes way beyond things your dad used to do. i don't think enough people know that. but is that tough, when people say hey, you're muhammad ali's daughter, you owe us this, you got to do this? >> i have always had a very strong sense as does my son of custodial privilege and right over my father's legacy. we have been very careful to curate it with organizations and foundations that we feel represent him well. someone said to me do you feel like you're in the shadow, how does it feel to live in a shadow and i told him absolutely not, we walk in the light. it has been nothing but an incredible blessing that we hold sacred and protect to the best of our ability and represent well my father's legacy. you know, i've traveled this world and i know how blessed i
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am, and disproportionately blessed that i am, and i work very hard to give it back, you know. build a longer table, not a higher wall. that is something that my father instituted in each and every single one of his children. neil: well, and your own child, by the way, you are very modest about it. i have seen a number of tapes featuring jacob and that little guy has a future. not a little guy. but i'm curious, what does he want to do? >> right now, he's very committed to issues surrounding criminal justice, juvenile justice and mass incarceration. he's hoping to go to law school. let's just say he will be going to law school. but jacob since a very young age has been active. i had him in the congo i think before the age of 10. we went to visit after -- it was the 35th anniversary of my father's rumble in the jungle, we built schools and refurbished
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hospitals. he was in australia before that with the late steve irwin and the wildlife warriors with conservation efforts, we joined them. since then, whether it's, you know, serving thanksgiving dinner, you know, or donating a birthday to a cause, he knows the best place he can find his father, excuse me, his grandfather and access the true essence of his love and being is through giving and continuing to give back. as long as he, as i said before, we are disproportionately blessed, we intend on evening things out by being participants and showing up and rolling up our sleeves and doing the work to help give back. neil: he's definitely got his grandfather's gift of gab. he's fast on his feet. i don't know if he rhymes everything but man, is he fast on his feet. maybe a political future. what do you think of that? >> could be. he's a decathlete.
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he wears many hats very well. it's possible. neil: just like his mom. i was thinking of your dad and all the fights that he had, people forget how big a deal it was to be the heavyweight boxing champion of the world in those days. we had only one and then it morphed into multiple, you know, champs and multiple weight divisions and now, you know, all this other ultimate fighting stuff that's kind of diminished i guess boxing in the days of your dad the way it was. but i do remember how your dad wanted to choose venues apart from the united states, not only las vegas and new york and madison square garden, but he expanded it to london, kuala lumpur and malaysia. it was by design. there were no guarantees of a big ticket fight for that, but he wanted a presence in those countries to bring it to everybody. that was very important to him, wasn't it? >> it really was. i think one of the shortest tomes in history, you have to
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fact-check that, that my father composed while visiting and speaking at harvard, was me, we, and i think that sums it up. my father never saw himself as a secular being or his concerns and needs, just his own. he really, and i think it speaks to his not just intelligence in general but his eq, emotional intelligence, to understand how we are truly profoundly connected so deeply. we are seeing that right now. we are seeing that from the coronavirus to the riots in the streets. as a nation, as a people, there are some things that we are bound at the hip with. my father spoke from that place and i think that's why he caused enrollment. he truly loved himself which was truly important first and foremost and because he loved himself, he had a capacity to love others. and you know, i have to say, our step mother to this day, the ali center in louisville, kentucky, she carries that spirit and we are so incredibly blessed to have her. neil: absolutely.
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as do you. as do you. modest person you are. >> thank you. neil: thank you for carrying that torch. i'm sure it's not always easy. watch her son. i'm telling you. more after this. apps are used everywhere... except work. why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business.
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neil: a vaccine might not be the silver bullet that a lot of people are looking for. dr. anthony fauci among those who said that a vaccine in and of itself might not provide the immunity that a lot of people hope for, at least for very long. he wasn't saying the things that doctors haven't warned about that a vaccine will address a virus that can mutate and change, but that coupled with the fact that available doses probably won't be met in earnest until the end of next year did rattle some folks, maybe a bit prematurely and unnecessary. want to get the read from dr. nicole safire, fox news medical contributor, much, much more. he didn't say anything we didn't know already but this idea a vaccine is the end-all and be-all, according to him, it may not be. >> come on. dr. fauci didn't say anything new right now. you hit the nail on the head. we know we are're not sure abou
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lot of things when it comes to this novel coronavirus, especially if we will have a vaccine available and what kind of immunity that it will confer. here are some good things that have come out of this. moderna, which is saying they are now entering phase two of clinical trials in humans, by the way, that's phenomenally fast. we have never seen human clinical trials move this fast. phase one is just to make sure that it is safe in humans. they have moved on from one to two. two, they are looking at how effective is it. what dr. fauci was referring to is the good news is that came out of so far the clinical trials is that the eight patients that received it did build antibodies as though they had the viral infection themselves so that's a good sign in terms of effectiveness. but now what does it actually mean? we still don't actually know what the presence of antibodies means. yes, we would like to say that they do show some sort of immunity. whether it's short-term or long-term, we don't know. here's the thing. it gets a little tricky when you move from phase two to phase
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three in clinical trials. moderna is on track to enter phase three clinical trials in july. that's where they have hundreds of thousands of people receiving the dose to see is it effective, then at that point we confer whether or not that will be good for population use. one thing i'm hanging on to from moderna, they are using mrna, it's a little different of a vaccine than your traditional jack se vaccines. there are no mrna vaccines on the market for infectious diseases now but it has a high safety profile meaning it will likely be very safe but also, can be manufactured a lot more readily than some of the other vaccinations which is why moderna has said they are already going to start manufacturing while they are in phase three trials. that's a big gamble on their part. that's showing you how confident they are that this vaccine is going to confer some form of immunity if they are putting that money on the line thinking that it's going to work.
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if they get out of phase three successfully and they get that fda approval, they are guaranteeing hundreds of millions of doses by the end of 2020, early 2021. that's big news. neil: real quickly, we have seen a spike in cases abroad. i know in india, russia, stubborn new death counts in brazil. i'm wondering if we are getting a little too cocky about this. i know spikes are to be expected and you reminded me of that. are any of these worrisome to you? >> of course. all you have to do is turn on the tv right now and all of a sudden, social distancing is out the window. people forget that over 100,000 americans have died in the last three months, yet because of everybody having these lockdown orders, the civil unrest from being locked down because of covid-19, coupled with what is going on with the racial injustice in our country, this is why we are in such chaos. we cannot be brazen about this. there is still circulating virus
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throughout the globe, throughout the united states, toughout our communities. yes, i know the very hard for everybody who has been staying home right now but we still have to be vigilant about hand hygiene. we still have to remain the vulnerable, the elderly, those that are immuno compromised and check on our friends and neighbors because the mental health consequences as well as the physical health consequences of this pandemic are still very real and we are still in a very vulnerable situation, especially as things are starting to slowly open up. neil: all right. doctor, very good catching up with you. making america healthy again is the book. she pu a lot of this is under our control going forward. we'll see how many take her up on that. we are also following right now all of these protests. talk about, as the doctor pointed out, people who are violating the social distance provisions and now along come a number of celebrities to help out the protesters who were
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jackie: welcome back. we are watching the markets at this hour. you can see all three major averages are trading higher, and moving higher this week, despite the civil unrest across the country. wall street right now is really focusing on recovery and reopening and seeming to shrug this off, saying tun rest will be short-lived. now, history actually shows us that is what the market has done before as well. right now, the dow and s&p 500 are at three-month highs. the dow is on pace for three straight days of gains. the s&p 500, four straight days of gains. we are also watching oil prices which are higher today, a draw-down in inventory suggests that demand is back on the rise. but friday, we are going to get that may unemployment report and the expectation is it will be bad. we knew that. eight million more jobs to be lost and the rate of
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unemployment expected to shoot up to just under 20%. we also know that shutdowns because of the coronavirus have been exacerbated by rioting and looting so that's another piece of the puzzle. wall street can shrug off the unrest but it could continue to cause problems that eventually the market can't ignore. we will have to watch and see. neil? neil: all right. thank you very much, jackie, on all of that. meanwhile, i want to go to the actor and quite a good singer, i my point out. there's a move afoot by those in hollywood to help bail out protesters and they are doing it quite often. robert, what do you make of that? >> well, it's a complex question and complex issue. first off, if i can give some historical significance, i saw this happen with the weather underground in the 1960s. no one has mentioned the sbs blowing up police departments and the pentagon, fascist pigs they were calling police officers. okay. the underbelly of all this
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movement is really from that era. it's continued on quietly through education. they have taken these kids, taken cultural marxism, put it in our yoouruniversity, put it hollywood so you have a segment of hollywood that thinks a certain way. it was atrocious what happened to george floyd. it's atrocious any kind of racism, any kind of police brutality. but why aren't the cameras in chicago with 97 killings every week? why isn't don lemon and chris cuomo and tucker -- and anderson cooper showing stuff like that? why aren't they -- they're not talking about that. the narrative becomes a totally different -- weather underground wanted world communism. that's what this is about. this is about world communism, using racism which is an endemic problem but there have been slaves, italians were slaves, irish were slaves, muslims were slaves, christians were slaves. we have this going on. i believe one party has kept this and i go to black
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leadership and white leadership on both parties. why aren't they talking about this issue of race and slavism? why isn't there a bigger conversation made about this right now? where are they? how come it's only a one-sided conversation instead of the systemic issue that's been propagated by both sides? now, why aren't there charities -- neil: wait, robert. you will argue that floyd's treatment was wrong. >> absolutely. neil: what the police did there was wrong. >> absolutely. no question. neil: wait a minute. when you see these peaceful protests, there's nothing wrong with that. you have a problem when they veer into something else, right? >> the rioting. the peaceful protests, i would walk with them. i would be there. i am there emotionally. but i have a problem with the rioting, the destruction of american businesses. the underbelly of our country and i think foreign influences have been infecting this quite a
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bit. we have a right, of course, we have to go out there and we have to fix this but we don't have to destroy or tear down. this country has been making progress incrementally. you know, they want to blame this administration. i remember i wrote an article on breitbart during ferguson. why wasn't there no unity then? why didn't we have this conversation then, joe biden? why didn't we get together then and say let's fix this? because it doesn't -- people are being used as pawns. as much as this is difficult, our hearts go out to george floyd and any victim of police brutality, look, a couple of times i was stopped by the cops when i was an unknown actor and i looked like a tough guy and even later on and if i was belligerent, stuff could have happened. now we have to come together as a nation. we have to stop the stupidity and start understanding what's going on. people have a right to give any money they want to, by the way.
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if they want to bail out, but find out who you're bailing out. find out who you're bailing out. is it peaceful protesters or is it people doing damage to the city and to businesses and to the country. neil: you would be open to bailing out peaceful protesters and you would be willing to acknowledge that a lot of these cases, if you are of a certain skin color, you are disproportionately targeted, whether that's justified or not? right? >> whether it's justified or not. there's a systemic issue that has to be addressed. absolutely. there is a problem that has to be looked at. but we have to have an honest dialogue about it. this was a moment, seminal moment for all of us to come together. there was not one person i know that saw the man suffering, there was not one person i know that didn't say this is atrocious. we could have absolutely brought the country together at that time that moment. leadership should have called a moment. i would love the president to call a meeting at the white house. i would like him to invite jesse
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jackson, al sharpton, denzel washington, alvita king, people who are for and against him, at the white house. it's time now to bring people to the white house of different views and mesh this out if they want to do that. honestly. not propaganda but honestly. i've got this right here, neil, i'm -- neil: if that ever happens -- all right, robert, i want to thank you very very much. robert davi on that, a lot more. stay with us. ♪
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neil: you know, these racial protests, they're not just here. they've gone global and they are very very much viral. greg palkot with the latest from london. greg? reporter: hey, neil. we are at parliament square in london where the protests here are just about wrapping up. i tell you, we are thousands of miles from minneapolis. the feelings about the death of george floyd, the black lives
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matter movement, that is running very strong here. one estimate regarding the protests here in london, tens of thousands turning out. one of several protests we have seen here, across europe and around the world. this one in london, by the way, despite a covid-19uk ban on public gatherings, absolutely. let's give you a feel for what it was like. take a look. >> the crowd of thousands of black lives matter protesters here in london going down park la lane, by some of the most expensive real estate in london. reporter: there were some scuffles outside of number ten downing street, the office, residence of the prime minister here, but so far, at least as we hear some sirens, it's been peaceful. people here telling us, however, the issues raised by the black lives matter movement has resonance with them.
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take a listen. >> it's rough. reporter: why? >> this murder was rough. we have to call it what it was. >> it's not an american issue, not british, not just a german issue. this is a human issue. reporter: uk prime minister boris johnson was here in parliament and was asked about this. he said if black lives matter is important. he said, i'm quoting his words, he understands the anger and the grief felt in america. that was a death heard and felt around the world. back to you. neil: thank you very much, my friend. greg palkot on all of that. you might have heard that in new york, the two top democrats, the governor andrew cuomo and the mayor of new york city, bill deblasio, have been at each other and now after his criticism of how the mayor has handled some of these protests,
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it's deblasio who is urging cuomo to apologize to the new york police department. we are waiting. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪
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cuomo did indeed call the nypd to apologize. this after mayor bill deblasio had said that he was unfair in his criticism, that is the governor's criticism, of the police response to local security response to what turned out to be pretty violent protests and nasty ones at that across all of new york city. don peebles joining me now, national real estate developer, much, much more. you know, don, regardless of who's right or wrong on this, who overstepped their bounds, it's very clear these guys don't like each other. but i always think it's very obvious now, and i'm wondering that can't be good for the state or the city. >> well, neil, no. in fact, it can't be. but first of all, let's just -- i want to just be clear. i believe that the peaceful protesters have a very legitimate cause. the systemic discrimination in
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this country has become an international stain on our reputation. that being said, let's talk about how the governor and the mayor have interacted since deblasio became mayor. i think one of the biggest fundamental challenges is how both of them approach governing. bill deblasio is an activist. he was a paid protester, if you will, and public advocate before elevating to new york city mayor. his orientation is not to lead or manage, it's to empathize with protesters. that's not his job. cuomo, on the other hand, was attorney general prior to becoming governor and his approach was rule of law and of management. so the two of them just conflict in that regard. and frankly, without cuomo's presence, new york would be in a far worse place than it is today, if he had not paid as much attention to new york city as he has done since deblasio became mayor.
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neil: you know, republicans seized on how democratic mayors and governors have reacted to this, that they are siding with the protesters and morphing the violent ones in with the peaceful ones. i see that sometimes but then again, i see someone like atlanta's mayor, who rips the violent protesters a new one. so i don't believe that's universal. but i do believe there is a sense that the mayor of new york has clearly cast his lot with all the protesters, to the point of ignoring the looting and the violence that was going on that was way overdone and way overhyped by the media. i mean, that's ridiculous. >> i mean, neil, you make a very good point. one, i don't believe all of the mayors of progressive cities are acting in the same way as the mayor of new york city, if you look at atlanta, as you pointed out, even boston. washington, d.c. got out of hand but order has been restored.
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however, what you have is a very unique situation when it comes to new york city. the mayor is much more focused on being an advocate. he has never really stepped into the position of being a manager and a leader. and what the role of new york city's mayor is, is to run a $92 billion a year enterprise with over 325,000 employees, and lead a 38,000 member police department and serve and protect the citizens and the visitors of new york. and the challenge is that he's operating from a very different perspective which is why i consider challenging him, as you may recall, a few years ago because i felt that he was off-base and in addition to that, the progressive policies of income inequity and income disparity, he's perpetuated that if you look at how new york city contracts, how few contracts they provide to minority and women-owned businesses, how few economic opportunities go to
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minority and women-owned businesses in new york city under his leadership. so you have to say we're not getting good management but also, we're not getting progressive policies that he indicates he cares about and now we have a sense of lawlessness that is destroying property and discouraging people from living in new york, forcing people to leave new york now, and people seeing their life's dream of their small business burning right in front of them. i mean, this is not how a city should be run. and maybe he belongs more protesting with the protesters than managing the city. neil: all right. we will watch very very closely. thank you very much. democratic fund-raiser, friend of barack obama, much, much more. it's that wing of the party to which he feels more kinship, not the bill deblasio one. again, they are expecting cooler heads to prevail tonight as they did by and large last night. hope springs eternal. stay with us.
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you can't do that inside. delivery, pickup, all of that. outdoor dining. you have sidewalks out there. they have a patio out there, have at it. you're still kind of limited. charles payne, we're very limited here but at least it's a start. charles: we'll take anything we can get at this moment, particularly in new jersey. thanks a lot, neil. good afternoon, everyone. i'm charles payne and this is definitely "making money" with a exclamation point. in fact breaking right now, it is a very exciting day in the stock market. the dow topping 26,000 for the first time since march 5th. the s&p clearing a major technical hurdle. as conventional wisdom caught up to what i have been saying for weeks. you know this rally isn't about an impending vaccine. it is all about american resolve as we reopen this country. although the debate goes on about the shape of the economic rebound, i got to tell you, more and more looks like the experts are wrong again. i have some of my favorite experts to weigh in on that. plus we are getting breaking news. reports that minneso
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