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tv   After the Bell  FOX Business  June 8, 2020 4:00pm-5:01pm EDT

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that was way oversold on idea that no one would go to a casino again. [closing bell rings] liz: great to see you, steve. there is the closing bell. steve auth of federated hermes. thank you very much. that will do it for "the claman countdown." >> rally marchs on as new york city begins phase one of reopening. stocks surging on growing hopes for a economic recovery. right now at the white house, president trump sitting down with top law enforcement officials. we'll bring you any breaking comments from the president this hour. market as longest winning streak in nine months and nasdaq closing at the high of the year. i'm jackie deangelis in for melissa francis. weld come to "after the bell." connell: good to see you, jackie. i'm connell mcshane reporting
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live from the bronx. new york city is finally starting to reopen its economy. we're exactly 100 days of the first covid-19 case being confirmed in this city. it is a good day, good news for many small business owners but it also might be quite challenging. remember this city was hit hard, more than 200,000 coronavirus cases, over 20,000 deaths and no part of the city had it worse than the bronx. now you add to that the looters who took advantage of the george floyd protests last week and wiped out many of the mom-and-pop shops in that area before they could reopen. beverly hills furniture, where we are today, this store was one of the ones wiped out t was really hit hard. coming up you meet the owner. hear about the terrible night you're looking at in surveillance video. that was one week ago tonight. you will hear about the plans they have in the business to get it back up and running, even if that takes a little bit longer than anticipated. they were really hit by the looting. look around this neighborhood.
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a ford ham section of the bronx. it is starting to reopen. many businesses are still boarded up. the looting was rough in this area t was really last week. we talked to a lot of business owners today. just about every single one of them said they support the george floyd protesters, the peaceful ones but what they don't support are the looters and looting. now they're just trying to figure out a way to get back up on their feet. >> we've been trying to reopen but you know, we don't have really inventory here. so we're trying. we're struggling right now. we're trying to get help again to go back up. it is really hard. hard to bet inventory back up in the store. we're trying. slowly we're trying. we're staying open. >> it is very sad that the police don't do nothing about it to protect us. down the block there was a store, sneaker store and they broke into. the police officers were there on the corner and, they didn't arrest the people. they were looting and all they did was let them go with the
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merchandise and i don't feel protected. connell: so that relationship between the community and the police will be part of story. as they are talking about police departments around the country to lose funding. we'll talk about it on the show as this continues. new york city business owners are fighting through all kinds of obstacles to get their stores open again. it is reopening day here finally in new york city. jackie, over to you. jackie: finally. amen. let's bring in today's panel. gary kaltbaum, from kaltbaum capital management. adam lashinsky. fox news contributor. gary, markets are marching higher on optimism about the reopening, optimism about the economy, a blowout jobs report last week but these are big clips we're moving higher. some say that is going to peter out in some time, eventually you will see gains but it will be
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slow and steady. your thoughts. >> great to see you, jackie, that would certainly be my view that the market has gotten way ahead of itself. yes things were better than a week ago. things were better than they were a month ago. there is real damage to the economy. there are is some serious physical structural damage. to assume things are getting better, restaurants are operating at partial capacity, that more airline travelers are flying, to assume that means it is happy days are here again i just think is naive. jackie: geir i are, your thoughts on the market and investor reaction to everything we're seeing. also investors looking past at some of the civil unrest as well in reaction to the death of george floyd and looking forward and just sort of focusing on the business side of things? >> well i agree with adam that a lot of things are not going to come back so quickly. we're talking markets, that is a whole different animal than the economy. not only are we coming back and
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now if new york city's opening up that means everywhere else is going to but you have zero percentage interest rates. you have a central bank printing 8 trillion. europe announced 1.3 trillion. and markets love liquidity and markets love positivity and that combination is working on right now. i have to tell you, i think we're going much, much higher in the markets throughout the rest of the year. yes, we're going to pull back soon. we've gotten a little too frothy but i leave no doubt in my mind, i think something -- here and last week 85% of the market that was basically dead, that is the airlines, cruise lines, energy, economically sensitive stocks, shot out of a cannon here and i think there is just going to be plenty more to go as we move forward. jackie: gentlemen, stick around. connell? connell: all right. jackie, let's go to the white house where president trump just wrapped up a roundtable discussion with representatives from the law enforcement community. blake burman covering that for us and joins now. what's the latest, blake?
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reporter: hi there, connell. the future of policing the focus here in washington today. you were showing some of that video if we go back to it real quick as it is playing out now. president trump sitting down here at the white house moments ago with members of the law enforcement community. this coming as congressional democrats today put forth what they're calling the justice and policing act. now that bills among many other items would lower the bar for what is qualified immunity. it would ban chokeholds at the federal level and require police across the country to undergo mandatory training for discriminatory profiling. the reform measures comes as some democrats are pushing the idea of defunding some police departments. at this event moments ago we were seeing images of, the president deannounced the idea of defunding police. he also punctuated that in a tweet earlier today, writing the following quote, this year has seen the lowest crime numbers in our country's recorded history and now the radical left democrats want to abandon and
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defund our police. sorry, i want law and order. this afternoon white house press secretary kayleigh mcenany said the president is appalled by the idea of defunding police and doesn't believe resources should be shifted elsewhere. >> that means cutting of police. that means reducing police departments. that means defunding mission departments if not getting rid of them entirely. no he have does not agree with that, the rest of america does not agree with that. reporter: joe biden today came out against the idea of defunding the police but he also questioned president trump's vision and leadership saying in a tweet, quote, we're facing some of the greatest challenges in our history and donald trump is patting himself on the back. he has no idea what is really going on in this country. time for hymn to step out of his bunker and look around at the consequences of his words and actions. connell, back to you. connell: blake burman on the north lawn. point out we'll have more on that topic, police reform a little later on in the show. jackie. jackie: now to edward lawrence
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in washington with the latest details on the coronavirus situation, unemployment relief as well. edward, over to you. reporter: you know, jackie, the focus is shifting it seems with republicans. there are some experts out there saying we don't need another round of spending. white house economic advisor larry kudlow says the two sides will not talk about the next economic package until after july 4th. senator tom cotton alluded maybe even longer than that, listen. >> there are still millions of americans out of work but the report we saw on friday defied expectations of so many experts that shows why we ought to continue to see how the cares act works throughout the month of july and where things stand in about a month. hopefully most states and cities will be open back up. reporter: where things stand in about a month. both sides say the payroll protection problem was a huge win. they said it kept 50 million americans in their jobs.
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white house press secretary says the president is open to another round of economic package, economic stimulus, but he says it must include the payroll tax relief, payroll tax holiday to get money in workers hands right now. it also could have something like tax breaks for restaurants or business dinner writeoffs for entertainment or business dinners. house speaker nancy pelosi says another round of direct payments should happen to americans. she wants to expand the food stamp program. also payments directly to states. senator chuck schumer says another package should be passed >> i fear that the recent bump in the employment number caused in large part because of the stimulus money we pumped into the economy will create in republican as sense of complacency and the economy will get even worse. reporter: bottom line you're starting to hear from republicans make we don't want to add more to the deficit and see what's out there is working
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as the main street lending facility from the federal reserve is just going to get started running soon. back to you. jackie: edward, thank you so much. gary and adam are still back with us. gary i want to start with you because there is no doubt a lot of these programs did help so many people during the coronavirus pandemic and one of the reasons the economy is getting back on its feet and starting to move forward as we reopen but a lot of folks are saying we may not need to pump more money into it. remember we have to pay the money back at some point. if businesses are getting up and running maybe we've done enough? >> the more people that get back to work the less people that are going to need largess from the government. it is simple logic at this point in time and i happen to believe we just started a trend where we're going to see more and more news like today where dunkin' donuts announced 25,000 people going back to work. i think you are going to see tons of people heading back, not withstanding a reacceleration of
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the virus f the virus goes away, continues to stay away i expect gargantuan numbers over the next six months as business gets back to business. as i said earlier it is very important. new york city getting back the most dead city in the country, tells you that other cities across the country are going to be fully back and then new york city follows suit. i'm bull lush on all of this. -- bullish on all of this and i hope they don't send too much at this juncture. jackie: adam, your thoughts, some folks out there say additional unemployment insurance for example, needs to be reduced or maybe go away. you don't want to disincentivize people from getting back to work? >> well i think that is generally true. i was listening to gary, i was thinking i could respond with a few facts. the virus has not gone away and will not go away in the next six months or so, we know that we do know however the cares act provisions will expire. we also know there will be a election in november. as i was listening to edward
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lawrence what secretary mnuchin is proposing he wants certain thing, schumer and pelosi wants certain things, the president doesn't want to go into november saying he didn't support economic measures when the cares act expired. so all of the body language i'm reading there, we will have more relief, more aid. jackie: we shall see. gary kaltbaum, adam lashinsky, great to see you both. thank you. >> you too, thank you. jackie: meantime we have a "fox business alert." tesla and amazon both closing at new record highs. tesla citinging a rebound in chinese sales jumping in the may for the first time since june of 2019. connell? connell: all right. jackie, our coverage of new york city's reopening will continue. remember today is only phase one here in the city. that means certain retailers can reopen but only with curbside pickup. construction work can start up again but with added safety measures in place. same deal for manufacturing. so all of that may not seem like much but it is in a city this
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big officials think 400,000 workers may have started to come back into work today. of the stiff's five boroughs, the bronx where we are today had more confirmed covid-19 cases, more hospitalizations and more deaths than any other. so in other words, the virus hit the city's poorest borough harder than the other four. that is not it. when we come back the owner of this furniture store where we're broadcasting comes talks about how looters last week made what was already a tough economic situation almost impossible. stick around. we'll be right back. my age-related macular degeneration could lead to vision loss. so today i made a plan with my doctor, which includes preservision... because he said a multi- vitamin alone may not be enough. and it's my vision, my morning walk, my sunday drive, my grandson's beautiful face. only preservision areds2 contains the exact nutrient formula
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♪ connell: you know there have been peaceful protests following the death of george floyd all over the country and certainly all over new york in recent days but things were anything but peaceful in the bronx one week ago. late last monday night, security camera footage here at the beverly hills furniture store, fordham section, picked up a group of looters, breaking in, basically taking anything they could carry out of the store. they wiped the place out. we have a picture of the showroom floor before the looting took place and, when you look at it, you know, all the, the furniture laid out in the store room floor, then look at
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it the next morning. it is amazing. they completely wiped it out. the timing couldn't have worse for the owner. he had one week to go before reopening the store before the coronavirus lockdown and today should have been that day. mr. sanchez joins us in his own store. i guess what i should say as we turn to you, what's left of it. we're right in the showroom. >> yes. connell: and it is basically wiped out. first of all, let's go in order. tell us about last monday night, what it was like for you. >> it was really bad. i just came, on social media, they broke inside of your store. i didn't believe it. i said, i have my locks. i have everything under control. then, when i find out that i sent my uncle to come check it out, the store, to see if it was fine. people were actually at 9:00 taking merchandise out. connell: that was the next morning? >> that's correct. connell: so the point is the
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looting had started the night he bev, 10:00. >> 10:30 p.m. connell: they had gone through the whole night in and out. >> taking merchandise. connell: when you say taking merchandise, this floor where we are right you no, you see some security camera footage, but the floor we're standing is all but empty. there are couches behind you but those were some you were getting ready to sell, i guess they couldn't carry them? >> the couch was too heavy and there was just taking merchandise. connell: one of the most amazing things, maybe amazing is not appropriate word, but we were walking around, our screw and you earlier today, one of the things maybe you can pick it up there, a little shoe, don't know how how small this is, hold up to your face on camera. that is baby shoe or toddler. >> they left this behind. connell: somebody was in here with their little baby i guess? >> exactly. there were people with little babies. connell: that was one of the things we found we couldn't even believe. we stop that and focus a little bit if i can on your business.
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you've been here 12, 13 years in this neighborhood, offord ham road in bronx. fordham section of the bronx. >> that's right. connell: you had successful furniture store but you're wiped out. how money do you think you lost? >> roughly 3 and 400,000. connell: 3 and 400,000 worth of merchandise? >> worth of merchandise. connell: what are you going to do now? >> i, i'm not a quitter. i want to keep on fighting. i want to have my business back. i have good people trying to help me. i also gofundme page. and, and, i'm really positive. i know i can come back. connell: you're hoping that for, hoping maybe somebody else will help you out, if i can -- >> yes. connell: what about insurance, say for example, something like that. >> the insurance we're working on it. they said they don't cover
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rioters. connell: wow. >> on page 71. we checked. connell: damage because it was done by rioting, they're telling you it is not covered? >> that's correct. but we're trying our best if -- connell: before this, you were already in one of, this type of a store is the type of place that would open up today, right? >> that's correct. connell: you could have done curbside, i guess? >> exactly. connell: i'm sure you were looking forward to today? >> that's right. this is the, coronavirus hit us in tax season and then we had to shut down. and we carrying debts and in december. connell: yeah. >> trying to wait for this time and this is what happened. i was waiting for my location to be open and start giving our customers service, our business,. connell: sure. >> the nice merchandise we actually carry and, monday, everything was gone in a minute. connell: right.
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>> and we worked so hard for to maintain in business and just lose everything. connell: it is sad. >> it is fast, fast. connell: what do you think of what is going on in the city, not only this city, but around the country in terms of protests which we were talking earlier, talking to a lot of business owners is separate from the looters i suppose but still the damage that is done to your business in the name of these protesters? >> this is really sad. it is not just only me. there are a lot of other businesses that is suffering like me that, that they don't know what to do now in hoping everything goes back to normal but only thing we need to have is faith. connell: yeah. >> and believe in our community, believe in the system, to see if everything -- connell: you know you bring that up. i did notice today, we were sitting around here in afternoon in the store. there were, the door was open. usually it is closed because your store is closed. >> that's correct, yes.
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connell: some members of the community came in. for the most part people were, they almost seem angry that this happened here after everything we've been through. they were rooting you on, right? >> that is correct. they really like angry, say why beverly hills? they are here for 12, 13 years. connell: serving our community. connell: yeah. >> me, myself, i donate desks to, to children. connell: sure. >> you know -- connell: we hope you get back up and running. it is on your shirt, what reminded me of instagram page. connell: you can beverly underscore hills underscore furniture. maybe that helps you for time being. thanks for telling the story because we think it is a important story. >> thank you so much. thanks. connell: in this area, this is stuff. a lot of optimism, jackie about reopening but reality is it is tough to reopen when you have lost between 3 and $400,000
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worth of merchandise as joe has told us he has. much more from the bronx as we continue. back over to you. jackie: thanks, absolutely it is tough, but the positivity he is emitting there it is really inspiring in many ways as well. all right as states begin to reopen across the country one health technology company is launching an at-home coronavirus test kit. it is founder is going to join us later this hour. thousands remain without power across mississippi and louisiana. we're live from new orleans with the latest on tropical depression cristobal coming up next. >> all you can do is stay prepared, stay informed. and just have a plan ready. so, if your network's down, you're down. verizon knows your customers need to reach you seamlessly. your team needs to work from different places across many devices. plus, you want the security
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trusted by some of the largest companies in the world. and that's why you trust us. the most reliable network in america.
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jackie: tropical storm cristobal bringing strong winds and flooding to parts of the gulf coast. fox news's jonathan hunt is live in new orleans with the latest. jonathan?
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>> jackie, we got through another pretty heavy downpour here outside of new orleans iconic jackson square as we deal with what is very much the tale end of this storm. everybody here in new orleans and along the gulf coast all the way through mississippi, alabama, and down to florida, very relieved that it wasn't as bad as it could have been. that's not to say there wasn't some localized flooding but it could have been so much worse. the national guard was on standby here with 88 high water vehicles and 35 rescue boats should they have been needed but as far as we can tell, not one ever them had to perform any sort of rescue at all. residents in and around the new orleans area are very happy about that. listen here. >> didn't too much prepare for this one. i didn't think it was going to be too bad. >> no-brainer. >> not anything substantial. we saw the winds were not
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predicted to be anymore than 50 or 60 and that is not really a hurricane. that is just a bad storm. reporter: just a bad storm that pretty much sums it up. we're -- it is heading north through arkansas and missouri and will continue to the northern track. here on famous decatur street in new orleans, you can look down the street, it is pretty much deers ised. a lot of those businesses boarded up but in these weird times we live, jackie, hard to tell whether they're boarded up because of the storm itself or because of the pandemic we're still going through or because of the george floyd protests. it is a rather unfortunate sign of the times. jackie? jackie: jonathan, thank you so much. connell, over to you. connell: all right, well, jackie, we talked about this a little earlier in the show, the idea of defunding the police. some cities are gaining traction
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to make it somewhat after reality. we'll talk to a former nypd detective what the implications of that will be. we'll talk to former business owners here in the bronx as they take extra steps to protect their businesses from looters to too to try to get back up and running. in new york, federal prosecutors requesting testimony from prince andrew through the united kingdom through the investigation of the alleged coconspirators of jeffrey epstein. attorneys for prince andrew said the duke of york offered assistance to the doj on at least three occasion this is year. we'll be right back. rivers save! guys! guys! check it out. safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! he's here. he's right here.
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jackie: protesters calling to defund the police. hillary vaughn is live from washington with the latest on the scene. hillary? reporter: hi, jackie. well the focus of the george floyd protests in the past few days has shifted now. protesters are really asking their city officials to take a tough look at their own police departments. we are just steps away from the white house. you can see it behind me. but i want to point out these life-sized letters. they're emblazenned in the road essentially steps away from the white house's front door. it reads, defund the police. and on that point, we did hear from attorney general william barr who told special report's bret baier that defunding the police would be dangerous.
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>> and i think defunding the police, holding the entire police structure responsible for the actions of certain officers is wrong and i think it's dangerous to demonize police. there is no question it is an issue and has to be dealt with. reporter: today democratic leadership on capitol hill did not throw their support behind a nationwide effort by protesters to defund police but they didn't denounce it either. congressional black caucus chairwoman says federal action to defund departments would not happen and house speaker nancy pelosi says that some government money might be able to be reprioritized. >> we want to work with our police departments. there are many who take pride in their work and we want to be able to take sure that the focus is on them. we can rebalance some of our funding to address those issues more directly but this isn't
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about that. reporter: most democrats in d.c. are not out right backing this movement. local leaders around the country are grappling with mounting pressure to defund their departments. the mayor of minneapolis was booed out of a protest yesterday after rejected his city council's unanimous vote to defund their police department and today new york city mayor bill de blasio became one of the most high-profile mayors in america to say he will cut some funding for the nypd but he would not say how much, jackie? jackie: hillary vaughn, thank you so much. this from the president as well, listen. >> there are not going to be any disbanding of our police. our police have been letting us live in peace and we want to make sure we don't have any bad actors in there and sometimes you will see some horrible things like we witnessed recently but, 99, i say 99.9%, let's go with 99% of them are great, great people.
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connell: those comments from the president just moments ago at the law enforcement event of the white house. no disbanding police he says. we're joined by former nypd detective pat brosnan. hillary vaughn summarized it in her report, pat, there is talk of some sort of funds moving around whatever you call it from police departments to other areas this week in many cities. what do you make of what you've been hearing? >> it's madness. it's madness on a biblical level really. i can't even, it is hard to dignify it with a response. what i would like to start with are the facts. facts are stubborn little definitely voice. we had 94% increase of murders of new yorkers past couple weeks. robber are is are up 100%. carjackings are up. crime is skyrocketing. we reduced prison population. inmates are released. we had 30,000 in rikers island on labor day. we had 3200 people. bail reform was dropped likes
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hand grenade last january. the streets are on fire and what does the de blasio the cowardly lion propose, let's reduce them. i got an idea? let's defund the politicians. that is where we start with this is absolute madness, honestly it is dangerous. it is extremely, extremely dangerous. connell: right. they would bring up certainly safety concerns. is there any room for nuance in all of this? because i think the word defunding is so loaded, sounds like you, maybe some people do seeing talked about in minneapolis want to get rid of police departments but what about the idea i heard spoken about, maybe nothing to this either, the idea that police forces are stretched a little too thin. they're dealing with everything from cabinetry to murder investigation. we should move money around and have other agencies trained to deal with certain circumstances? is there any nuance there that you think is even worth looking into or? >> there may be. i'm not certain if there is in
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new york because of the collision of these forces, gathering of all these different elements but the reality is, start with the power of words. defund, demean, diminish, disempower. don't think this gets lost on the bad guys. words have consequences. but yes, i do believe that there would be ways and maybe nuanced where you could leverage technology, leverage process, leverage data against attrition. there are logical, pragmatic, intelligent approaches you can do besides slash and burn of the nypd in response to wild and criminal mobs, you know, run in the streets alongside peaceful protesters. this is knee-jerk, absolutely. connell: when you use a word like that, defund. people don't look past it around start to have a conversation. what about reform. that was another thing they talked about at the white house last hour? the president said in this sound bite we played, 99% of the police are good and that kind of
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thing and versus other people who say there is some sort of a systemic problem in police departments? someone who served for as long as you did, how do you look at it? is there a systemic problem that needs to be dealt with and if so, are you open to some sort of reform talked about in police departments, not police shutdown or defunding but, federal ban on chokeholds or making it easier to sue cops, these types of things talked about this week, anything to that? >> well, couple things. having been in law enforcement for many, many years, i, i hereo report directly from the field, 99.99%, precisely as president trump pointed out, okay, the beast from the east pointed out okay, the guy from queens, said listen, 99.9% of the cops are spot on. i agree. are there bad apples? absolutely. was the murder of george floyd indefensible? 1000%. but to broad brush all of the
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police officers,-- 885,000 across the nation, with other incidents that may be indefensible is reckless and completely illogical in the face of skyrocketing crime. there are other ways to do it. by the way the stabbing of the officer in the neck the other night in new york was a terrorist act. that was, that was a home-grown terrorist. so let's be cognizant of the fact that the terrorists have not gone to the moon since covid landed on march 13th. they haven't relocated off the planet. they're still here waiting and biding their time. you know this, is a very dangerous collection of disparate factors in my view. very dangerous gathering storm. connell: we'll have to, yeah, we'll have to keep this going, pat. always great to have your perspective, given your career and background. pat brosnan of formerly of the nypd we have to move on as the
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coverage of reopening this city continues from a business perspective. we'll talk to a manager after local pharmacy right here in the bronx about the effort he was making to keep his business safe after it was broken into amid all the unrest and all the looting a week ago tonight. take a listen how one local business owner here in this borough is taking extra steps to protect his merchandise. >> we keep the inventory out. we bring it in and out. i hope nypd, they really have to put some kind of force, we support peaceful process. we don't support that -- connell: idea of taking extra precaution as the economy reopens. we have a company offering covid-19 testing kits that you can use right in your own home. that story is coming up. don't go away. we'll be right back.
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♪. connell: we're back here in the bronx with more on new york city's reopening and it's happening after the looting that hit this neighborhood last week. much of that was organized and targeted. so pharmacies like drug rite on the grand concourse they were high on the target list. the store manager told us earlier today about what happened and how he felt about
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it. >> i was so mad, i don't know what to do. this is where we live. this is where we get our daily bread. something happened like that, it was so sad. connell: yeah. what did they take? >> took a lot of medicine from the pharmacy. they broke everything in the pharmacy. money, cash registers, everything, out -- connell: as we were talking i actually asked christian to show me how the looters got in. he took me outside. he lifted up a gate that is in place, blocking the front window which we soon saw was still smashed to pieces. >> the outer glass was broken. they went through here. connell: wow. >> they took everything out from the window. connell: straight in here, right to the back. connell: they didn't care about the rest of it. >> they didn't want soap.
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they warranted money. connell: pretty much wiped out the pharmacy? >> they cleaned it out. connell: how long will this take to clean up i wonder if. >> actually, take like almost four weeks. connell: four weeks. >> almost a month because the guys, coming to fix it. connell: you're still able to keep your business going? >> yes. yes, we keep going. connell: that is the thing. as he said, live goes on. amazing for all that damage, jacqui, when you're inside of the store you would barely know anything happened. almost like business as usual for his colleagues. they cleaned up on inside. they're doing a reopening. like all theories. he figures they have no choice. back to you. >> take as already difficult situation and makes it even more challenging for so many people. meantime a critical component to safely reopening the u.s. is easy and accessible coronavirus tests. let's get checked is a direct to consumer health testing company offering at home kits to the public. here now is the company's
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founder and ceo, peter foley. peter, great to have you. let me ask you a few factual questions so people understand how it works. how can they get it? is a finger prick or swab. and how quickly can the results come back. >> to the first question you can order directly from let's get checked.com. you can go order covid-19 home test and through quick assessment into your home and it's retailing at $130. on the test itself, it is extremely simple. a swab you can do yourself and we'll collect it from you in the home. we're [inaudible]. you will have your results back in 24 hours. so it is a very quick process. jackie: yeah, 24 hours. as we get testing back up and running that is helping getting
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economy going again. it is getting people back to work. hopefully it will get kids back to school and activity, so their parents can go back to work this would be kind of thing i imagine you would need in mass quantity toss. so i'm wondering how quickly you ramp up? >> our manufacturing facility in queens, new york. that is our local facility, we're manufacturing 100 units per day. we started off helping, providing covid screening to the market it was very much focused on helping groups with high-risk. front line health care workers, critical staff workforces. now we are using our full supply chain, manufacturing, lab capabilities in california to help those groups first and foremost. the conversation is going to change and we've been able to free up our resources for people in the home and under certain
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circumstances need access to testing. getting economy move being and getting people back to work in confidence. jackie: peter, let me ask you a little bit about the testing because a lot of people worry that the results are not necessarily 100% accurate. the numbers are up there in terms of the percentages but basically everybody i know anecdotally gotten a negative covid test thinks it was wrong. your thoughts on accuracies, and how it works, and nasal swabs compare to the blood testing? >> the nasal swab and blood test are two entirely different things. the nasal swab will tell you if you have got active virus on you. ultimately picks up the rna of the virus where the blood test is an antibody test that will tell you, more indicative of you have had infection or had the virus. the test we provided and got fda
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authorization for home use for it is lower angle swab. it is telling where you are at that moment in time. it will tell you if you got the infection or the virus. we have done a bunch of -- that is why the fda is there to protect consumers and part of our authorization and approval was we have to submit a lot of data to demonstrate that that swab and is accurate and when you get a result and you can rely on it. jackie: peter, real quick, the cost again? >> $130 and for everything, from the shipping to telehealth services we provide to the mobile app and the lab analysis and everything in between so. jackie: thank you so much, peter. "fox business alert." the trump campaign confirming that president trump is planning to restart campaign rallies sometime in the next two weeks or so. brad parscale saying quote, americans are ready to get back to action and so is president trump. the great american comeback is real and the rallies will be
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tremendous. you will again see the kind of crowds and enthusiasm that "sleepy" joe biden can only dream of. we'll be right back.
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♪ ♪ >> around i 6:30, 7 in the morning, the place was completely destroyed. we spent the whole week last week cleaning up, you know, fixing up the shelves, reordering stuff. look at it, we're still missing a lot of stuff. connell: yeah. this is still a clean-up operation here. >> it is. we're operational. we were closed for, like, four days. we had people wanting to pick up their blood pressure medication, but right now we're pretty much operational. connell: how much did you lose, do you know? >> we don't know because every day we find something missing. connell: wow. also at the pharmacy here in the
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bronx, a lot of these pharmacies got hit by the looters. you heard her say they took just about everything. the main target would be the drugs there in the back of the pharmacy, but they took a lot. and in terms of business, it was already slowed down because of the virus shutdown. and, you know, like so many people we talked to today in the bronx, she's not giving up, she's cleaning up. she's getting back at it, gonna try to keep going. many of these business owners are still waiting to hear back from insurance. the police reports were backlogged, there were so many hit by the looting, it's taking some time. this is all part of the roping of the country, but particularly today the reopening of new york city, there's a lot of optimism around this city, a lot of pent-up demand and the rest, but there's also a lot of necessary resilience. people that have been through so much on the medal side e and now -- medical side and now also with the violence in the streets. jackie: absolutely.
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everyone has been so optimistic. they could be sitting around complaining even more, but instead they're excited to reopen, they're working really harold, and i think it really shows the resiliency of people in this country and the american experience as well. we're going to send it over to lou dobbs. ♪ ♪ lou: good evening, everybody or. these are becoming the strangest days in america. and while we can describe them, they are not easily understood by any of us and difficult to keep in perspective for all of us. but we will try here this evening, and with us tonight to help in the effort, tom fitton, congressman matt gaetz, ed rollins and michael goodwin and the niece of reverend martin luther king, alveda king. over these past two weeks, thousands of demonstrations have taken other r over some of our largest cities as hundreds of thousands of people in most of those cities

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