freedoms and principles you risked your entire life to defend. following the arrival of the plague from china, that is what it is, it is a plague, it should have never happen, china should have never have let that happen. but china did allow to it happen. we just signed a brand new trade deal. the ink wasn't even dry when this came over. but we raced into action to save our nation's small businesses. we passed over three trillion in historic relief measures. three trillion dollars, think of that, including over $670 billion for the paycheck protection program, a tremendous success as you can see by the numbers. to keep small business workers on the payroll. i signed a bill providing federally-funded paid sick leave and paid family leave for american workers, things that have never been done. we're allowing businesses to

defer paying their income tax and we expanded tax refunds, very substantially. thanks to our efforts and incredible resilience much our nation's small businesses, and i really think we can add the foundation that we built. we built the greatest economy ever built. and that foundation was so strong, instead of coming weekly back, or going in the other direction, because this is coming back and we haven't totally succeeded yet. we will soon, but we haven't killed all of the virus yet. and yet you look at these numbers. that is based on a very strong foundation we built, a foundation like no other, a foundation had we not been attacked by this virus, this horrible virus we were doing things and had things planned that nobody else had ever even thought of. paying off debt, building

numbers, the likes of which nobody has seen. and yet next year we'll be in a position where i believe in a certain respect i think we'll even be stronger than we would have been because of what we're doing but only that strong foundation allowed us to be up here today talking about these record-setting jobs numbers and other numbers that we were producing because america's economy is now roaring back to life like nobody has ever seen before. nobody has ever seen numbers like this. in may retail sales surged by nearly 18%. that's a record. we recently saw the best 50-day increase in the history of the stock market. so we had 50 days, go back a couple of weeks, we had 50 days, the likes of which we never had in the history of the stock market which to me means jobs. it is lifting up 401(k)s and retirement savings for american workers. we're doing numbers like nobody has ever seen before. take a look at 401(k)s.

in a pandemic we're almost even with where we were before the pandemic started and nobody would have said that was possible, nobody at all. we built the greatest economy in the history of the world, and we're now doing it again. i think we'll do even better the second time than we did the first time, unless somebody comes along and says let's raise taxes on everybody. and they're raising taxes not only on corporations, they will just go to another country and they will do just fine but they're raising taxes on people and middle income people and they're losing jobs. so you can't allow that to happen. that will be, all of this incredible job that we've done, will go down like that. it will be a terrible, terrible sight. it might even be a 1929 situation. so you have a chance to have the greatest numbers in history. you're almost there we're almost back to where we were from the

standpoint of the stock market, think of that. but you will have a crash like you have never seen before. you put the wrong person in office, you will see things that you would not have believed are possible. they want to raise taxes. they want to raise regulations. a big part of what we've done is by cutting regulation. we cut regulation more than any president in the history of our country, whether they're there for four years, eight years or in one case more than. that nobody even came close. and we're doing much more. we have regulation but it's proper regulation, not strangulation. we're also tapping into the talent genius and the drive of our people to kill the virus. we're speeding the delivery of new treatments including anti-virals, steroids, convalescent plasma and other therapies. we have therapeutics that are legally, really looking good. this includes two drugs that have proven effective,

remdesivir and decks is dexamethasone. it is having a tremendous trial but we'll see how what happens. we have three candidates. three more are looking really good. i think you will have a answer to that very soon. three more vaccine candidates are now in trial with three more to start very shortly. these are all very companies. they have tremendous suck questions with other problems in the past. we're accelerating production through operation warp pea. because we have our -- warp speed. we have our military ready, whether vaccine, logistically ready, these are the best in the world to get it out to everybody as soon as we have it and we think we will have it soon. as we prepare to celebrate the 4th of july, let us renew our devotion to this nation, to its citizens and eternal values that

define our past and shape our future. i'm going to mount rushmore on july 3rd. we'll have a tremendous evening. it is going to be a fireworks display like few people have seen. it will be very exciting. it will be beautiful. they have been wanting to do that for years. they used to do it many years ago and for some reason they were unable or unallowed to do it. they just weren't allowed to do it. i opened it up and we're going to have a tremendous july 3rd and we're coming back here celebrating the 4th of july in washington, d.c. i want to also thank all of law enforcement. the job you've done is incredible. we signed a bill. you play with your monuments or our statues, you go to jail for 10 years. amazing how it all stopped sew fast. stopped so fast. we let the local authorities handle it as long as possible. ultimately we said let's step in. we stepped in and it stopped. 10 years in jail if they do what

they were doing. so we're very proud of law enforcement. we want to thank law enforcement. really great job. our military has been incredible. our national guard has been just incredible all over. i'm glad to see in seattle they took care of the problem. as they know we were going to take, we were ready to go in. they knew that too. they went in and did what they had to do. we're a nation committed to equal opportunity for citizens of every race, color, religion and creed. the american dream is the sacred birthright of every american child. we have the american dream. nobody is going to shatter of the american dream. not the anarchists. not the agitators. not the fools, not the looters. they're not going to have any impact on the national dream, the national dream like no other. that's why we're here today to insure that every citizen can achieve their dream, achieve their destiny and realize their

full and extraordinary potential. that is how we will renew, rebuild and restore america. we've done an incredible job in 3 1/2 year period, a job like nobody thought would be possible to be done and, we're doing it again and we're doing it i believe, bigger and better and stronger than ever before. you will see that next year and unless it's tampered with, we'll have a year next year like no other. it will be a phenomenal year. a successful year. we'll have our best job numbers ever next year. we'll come back stronger and more prosperous than ever before. next year will be, i think it will be one of the, from an economic standpoint, the greatest or one of the greatest economic years we've ever had. so i just want to thank everybody for being here. i want to thank all of these incredible artisans and business people for showcases your amazing products and i just want

to leave you by saying, very important words. god bless america. thank you all very much. thank you. thank you very much. [applause] neil: all right, the president actually making a lot of news there in these comments to businesses that stress american-made products and our american success story of themselves. welcome, everybody, i'm neil cavuto. you're watching "coast to coast" on the fox business network. one of the things came up again was his optimism we will get through the worst of this virus by teasing the possibility of a number of treatments and or vaccines maybe as soon as the end of the year. the nih director also on capitol hill today was also echoing the same, there could be something in america's hands, the world's hands by the end of the year. the optimistic timeline kept gains ahead what is concern about spikes in cases like states in florida, had record

number of them, 10,000 plus in a single day, the u.s. topping 52,000, the highest we've ever seen for a single day. the spikes in cases are coming in the right mix if you can look at that way, most tend to be younger. that doesn't mean that they're bulletproof. that they could be vulnerable as well. the big concern seems to be if they pass that along to older folks. you know, exacerbate all of this. that does not appear to be the case. hospitalizations with the exception much states like arizona and texas are still relatively tame. through all of this death counts are going down. through that measure that is welcome news. the cases themselves as the admin born out, blake burman got into nonstop news making. he didn't waste a nanosecond, blake, talking about strong jobs

numbers and strong markets. s was quick to say that all goes if the other guy gets in. reporter: we heard the president say it might even be a 1929 situation, referring to the great recession, saying you will have a crash like you never seen before. this is theme we've seen president trump hit on very much so, neil, in the last 24 hours. when i asked the president difference between his policy and joe biden's tax policy yesterday, he went back to that very theme as well, there would be a stock market crash if the other person gets into white house this is the second time today alone we've seen the president tout the jobs numbers today. this event we listened to was on the books already, this was on the official white house schedule. however after the report came out earlier this morning the white house put another event on the schedule as well as the president took to the white house briefing room just minutes after the stock market opened and opened up into the green to talk about those numbers. yet again, the president drew a

contrast between himself and between what he thinks would happen if things do not go his way on november 3rd. listen. >> so these are numbers that are not numbers that other presidents would have and they won't have it. only thing they can kill is is a bad president or a president that wants to raise taxes. you want to raise taxes, this whole thing, your 401(k)s will drop down to nothing and your stock market will drop down to nothing. this is not just luck what is happening. this is a lot of talent. reporter: not just luck, the president says. still though, neil, we need to point out there is 11% unemployment in this country right now. another relief package of some form is expected. the treasury secretary steve mnuchin joined the president this morning and suggested that in the next package that could include money for schools and universities who need to spend on safety measures to insure that children and students all across this country can attend

in a safe manner. >> one of the things we'll look at in cares four, if we need to give money to schools, to properly equip their areas, i think that is something will be high, we want to make sure kids are safe and that if there is money that schools need to spend to safely have people in classrooms, social distance, spread things out, change hours, these are all the things that we're looking at. reporter: in a statement earlier this morning the top democrat in the senate chuck schumer continued to push for negotiations on phase four to pick up speed. here is what schumer said, today's job report may be a slight peak in a much larger valley. unless president trump demonstrates real leadership in fighting the health crisis and senate republicans get off their hands finally work with democrats to quickly provide additional federal fiscal relief, the pain america is experiencing will only worsen. so two different takes today, neil on this job situation from democrats and the white house.

neil? neil: all right. thank you my friend. very much, blake burman at the white house. ii want to go to ken langone, nt only because he is very successful businessman, billionaire cofounder of course of home depot but he has a number of other charitable hats, medical undertakes. the langone medical center is world famous. he knows what he speaks when it comes to tracking the virus, what is going on, really with the virus as well with the economy and market a perfect choice to go to right now. ken, thank you very much for joining us. >> neil, have a very good 4th, my friend. neil: you too. let's talk about the virus news t comes at a time people say the spike in cases is one thing. what is going on in florida, south carolina, texas that is quite, quite another thing. i don't know what you're seeing from your vantage point at your medical center and elsewhere, but what are doctors telling

you? how worrisome, how anxious should we be about these uptick upticks? >> well the ultimate concern i think we should be concerned is the older people. numbers i saw yesterday, 47% of people were in nursing homes. that is a scary, scary number the bigger thing, you have to look for some reason to be optimistic, the biggest thing is pfizer's statement yesterday morning about their vaccine. they believe there are now 16 different efforts being made to come up with a vaccine. nyu langone is one of the 10 designated vaccine testing facilities by the nih. so we're in the middle of a lot. i am very optimistic, neil, that we're going to have a vaccine. the next thing has got to be proven in the approach, is must

be 50% efficacious. in other words, half the people that get it, knead to be able to be shown it in fact prevented them from getting the disease. i think we'll have. that the first numbers look good. there we are with that. neil what i don't understand, this is something we could deal with very easily. it is called a mask. if you put a mask on, you're addressing 90% of the chance of getting infected. i don't understand, i know, i'm 84 and i'm terrified about getting it whenever i leave my home, i have a mask to put on because i know it will help me. there are three simple rules. put a mask on, wash your hands as many times as you can, and stay six feet away from each other. i wore the mask this morning. they make it easy, they make tapes on the rug, on the aisle as you walk down, so you know you're six feet apart from each other. they have two people in each

aisle, one-on-one end, one on the other. they're only using every third aisle. they're taking precautions and it works. look at the numbers in new york city. it's working. what breaks my heart when i see people walking around in new york without a mask on. it's nuts! so how do i feel? very optimistic about the disease. go ahead. neil: okay, two developments there, you favor the mask and that you're 84 years old. i had no idea you were so old but i give you credit, my friend. so what do you tell more senior americans who, many of whom are very, very leery going out, mask or no mask? many who, still work and thrive just like you do, who are getting anxious about returning to offices or returning to whatever normal will be now? what do you tell them? >> don't go out unless you have to. okay? if there is a reason that you have to go it, i had to go out

the other day. i needed to have an examination at the hospital. i went out. i took every precaution necessary. i wore a mask. i had a hand cleaner, dispenser with me. i kept making sure i had disinfectant on my hands. i make sure i stay six feet away from everybody. the hospitals are taking very, every precaution in the world. i was very impressed when i went into the waiting room to get to see the doctor, how they had everybody separated, sitting in the waiting room, six feet apart. but if you're, if you're older, saying 65, and older, if you're that, i urge you, don't go out unless you have to. that simple. neil, this is blocking and tackling and we're going to win this war but it is going to take human effort and it is going to take the cooperation of all of us. these kids in texas, in florida, in georgia, running around with no mask on, you see them

congregating in bars, you're saying, wait a minute, they're going to get it. guess what? they are going to get it and they're getting it. the good thing is that typically it is not life-threatening for the younger people, and recovery period is faster but, neil, i am very enthusiastic, i'm very appreciative of the effort that is being made by the private sector, the pharmaceutical companies and the universities and the hospitals, that are being made to come up with a therapy or i should say with a vaccine. i have no doubt, i will stick my neck out. i think we'll have a vaccine before christmas. neil: you're not only one. the nih director was on capitol hill today saying a safe and effective vaccine could be had by the end of the year. so from his mouth and yours to the world's ears, welcome news if that were to pass. ken, i want to thank you again, very good having you. >> thank you. neil: stay young, stay healthy.

>> thanks for having me. have a nice weekend. everybody listening please stay safe. have a good holiday. neil: excuse me. i want to go to charles payne right now. charles, looking at the marckets they seem to be seeing a half full glass ken was talking about and you have been talking about? >> yeah, neil, it's, it really has been remarkable that the market was the only thing and only instrument that has been telegraphing a so-called v-shaped recovery. even though we know we can't get completely back to where we were, even if reopenings gone smoothly, because you have social distancing, restaurants would be maybe 80% capacity at most. but there are other parts of the economy seem to have evolved a lot faster, like zoom, for instance, which was a dud of an ipo last year. now has a greater market cap than all of the airlines combined together, or tesla, which is more valuable than

toyota, up 9% today. certain things have changed. it really is remarkable. and market is sort of just saying hey, we're heading into the right direction. i would like to see it take out the highs earlier in june for the s&p and the dow jones industrial average but we're heading in the right direction. it's a more optimistic tool because it is not supposed to be a snapshot of where we are but a snapshot of where we're going. neil: you know if you think about it, charles, the dow and certainly, what has been going on with s&p, now look at the nasdaq, in record territory second day running we're at levels and getting close on the other benchmarks to where we were before all of this started yet with a net 20 million fewer jobs. now we might make them back and certainly we added close to five million in the latest month but i'm wondering on that basis alone, whether you think the market has gotten ahead of

itself? >> i really don't. you know, sometimes these indexes are tricky. you know yesterday for instance the dow closed lower. it has got three technology stocks, ibm, intel, cisco, that were all down, right? but tech sector was up big because of these new names i talked a i bought. the communications services names were up huge because of new names i talked about. if the market was supposed to be, what it is like right now, then, yeah, it would be way ahead of itself. if it is saying that a year from now we would have erased all job losses created some jobs, we know where it is. it gets overbought and oversold, no doubt about that. to be frankly since early june it has been range-bound. it has gone more or less sideways since that mind-boggling run from the march 23rd lows, intraday, from the low of that session to the highs of that first week in june we're up 45% for each of

them. so they have actually kind of console dated those gains. it hasn't been crazy. money doesn't like to leave the market. if one thing is hot today, it may not be hot tomorrow. so it is consolidating, holding those gains which i think is the most significant message right now, it is maintaining those gains although it is kind of to your point consolidating not broken through, exempt for the nasdaq, has not broken through highs made almost a month ago. neil: you know, real quick, ken langone mentioned, do the common sense things, the mask thing, the distancing, be careful when you go out because as you know, charles, from the spike national some of these states and locales people are not doing it. they are holding off in places like new york city and new jersey, dine-ins that will be pushed back as a result. should that be something that is just an edict and should the state force the issue because there are those who will not do what they should be doing?

snoop you know what is interesting, i looked even before today, i haven't had a chance to catch up, before today i looked at the top 10 states with unemployment, the unemployment in the top 10 states with the worst unemployment numbers, the best states, majority of them never had a stay at home order. nebraska, i think of nebraska, north dakota, wyoming, they have the lowest unemployment rates in the country. you don't need it in a place like that, in part there is naturally social distance i think. you need it obviously in a place like new york city where it is so, the density is so amazing with respect to people. i think, in places like texas and florida and others that there was just such pent up, just demand to go outside, neil. people wanted to get out there, especially young people. neil: i think you're right. >> yeah, they really spiked the numbers but i believe we'll all kind of get better at that. i look out my window. my town was one of the first hit in this country.

i see families and people walking around without masks but there is no one around them. i think in a crowded place people know you should wear a mask. it will help us get to where we want to be ultimately as a country. neil: we'll have to force the issue i guess. thank you very much, my friend charles payne. he is coming up in an hour on this fine network with his great show. joe piscopo joins us right now. one of the many things of his big hit radio show, the answer, you know him as a "snl" alum, one of the best ever, but he own as series of gyms with could explain his sleek physique. i step on a scale one at a time, not joe. but joe, it's a problem in new jersey, right? you go back and forth, you can kind of stay open, you can't stay open, you have to limit things, you are hearing a lot of people protesting, enough already. what is happening in your place? >> well it is a little

frustrating because the governor won't pull the trigger. we're trying to abide by all the rules. we did, "fox & friends" was kind enough as you saw, neil, this weekend came out to the gym in fleming ton, new jersey, we put the spin cycles outside. he did a tour of all the gyms, just to keep us inspired and pumped up. he came out to flemington yesterday. we want to open up. neil, you know me. you know me a long time, i'm a germaphobe. you know. that i got the hand sanitizer. i wear a mask even before the pandemic. i was ahead of the time. this gym we have, it's true one in pennsylvania, you could eat off the floor in these gyms. when you work out, neil cavuto, you build up your immune system. it is healthiest thing you can do. so, i -- neil: i hear a lot of this. this whole workout thing.

i heard a lot about these things they call workouts but can i -- what can't you do right now? i guess it depends on the state, i get that. in "fox & friends" you brought a lot of it outside. tell me what you can or can't do? >> we can have private workouts, neil cavuto. why don't you come out. work at the retro gym in flemington, new jersey. people will call for private work quites, it is new jersey. get to the gym! [no audio]

>> being paid, 401(k), pension, welfare. has assistants, he has a salary, he is worth $550 million. despite what you hear i'm not. we would like to open the gym up and get our businesses going, you know? neil: but do you get angry, joe. i feel for governors, republican, democrat, they try to say look, i will have to shut down a lot of these places because you're not doing what you should be doing, our cases are spiking. and they're caught in a corner and i'm wondering do you have any message for young people, ken langone was here, no fan much government interference and all of that, but very worried this is going to get out of control because of some selfish young people? >> it is very, very true. it is time to open. when we do the radio show on am 970, thank you, every morning, i do all the stats, i read so much, neil if i read this much in college i would have graduated from a good school like you. i just barely made it through

school. now because of the radio show i have to read ad nauseum every afternoon, i'm reading about the medicines we j. reading about the spike we're talking about. it is very suspect. it is time to get back in. you cannot, the sociological problem of a lock down, neil cavuto, will cause riots. will cause protests. people can't wait to get out. when you open up a gym, people are let out all the frustrations. it is healthy, build up the immune system. i understand the governors, their problems, what they have to worry about, i can't even imagine frankly. but you can't take work away from the people. you can't do it. i'm talking to people all over dying to get into the gym. all the retrofitness owners, a lot of them are spending hundreds of thousands of dollars, losing hundreds of thousands of dollars. this is business, america. neil cavuto. open up america, time to go back now is the time on 4th of july.

let's do it, man. neil: sounds like your partners are spending all the money and you're making all the money or am i misreading it? >> you know, you're misreading it, kiddo, you're misreading it. we're all in this -- neil: proud of you my friend. you look great. i have known you for years. you haven't gained a pound. i loathe that quality about you. keep at it, my friend. no one would flow you're 89 years old. >> don't i look great? don't i look great? neil: [laughter]. you as well. and thanks for just stepping back and seeing this for what it is. we need the perspective. we need to laugh. joe piscopo, try his clubs. even if you have to go outside and enjoy them. he is serious about that. dick grasso is serious about the comeback in american stock but the issue with the former new york stock exchange head isn't

based on politics. it is based on this country. and its history. he is seeing money come and go and crises come and go. he always seen over the long term, stocks go up. why is that? he is next.

♪. >> the stock market is soaring with the best gains in over 20 years. since the election we've gone up, the dow went up close to 45%, the s&p 500 went up 47% and nasdaq composite went up, getting close to 100%. neil: all right. the president doing a little

crowing today in light of a jobs report that stunned a lot of people. it came out a day early because the markets are closed tomorrow for an early 4th of july holiday. 4.8 million new jobs generated in the month of june. unemployment falling to 11.1% from 13.3%. continue as spate of good news. claims on weekly basis, getting less and less. nasdaq in record territory. the dow and the s&p sprinting ahead as well. dick grasso is here. he has seen the history and rolling nature of bull and bear markets the like, big spikes and big drops. through it all as you used to remind me over decades we chatted, dick, stocks went out, invariably longer term go higher. i wonder what you make of the rally now? >> well, neil, it is great to be with you. happy fourth of july to all of your viewers. it is a great celebration. the stock market is reflecting

the optimism going forward and you know i have to make a quick comment about my good friend joe piscopo. please ask him the next time he is commenting on ken, to move the decimal point one digit to the right. you know that 550 million was a slight understatement. the market is -- neil: i think you might be right. >> the market is basically telling us that we will defeat the coronavirus. we will have both therapies and a vaccine in the very near future and we will resume the pattern of growth that we've seen since the election much donald trump. you know, the president cited just a few minutes ago 45% increase in the dow since his election. 100% increase in the nasdaq. just consider the prospect of a gdp growth in the next term of

this president, at between 3 1/2 on the low side and call it, six on the high side. and you can easily project a 40,000 dow, a nasdaq, perhaps, more than doubling again. and as i have said to you so many times, neil, never sell america short. the marketplace is a great indicator of the american dream. and the american dream, and i'm so, so happy about this most recent jobs report, because, a large number of the jobs added are for that segment of our economy, holding an education of a high school diploma or less. that's america, neil. neil: right. >> when you take the fact that we're bringing manufacturing jobs back from all sorts of venues in foreign markets, to the united states, when you consider that we're going to have to in the second term of donald trump initiate a very

major infrastructure bill, we are going to do the types of things that we long been accused of kicking the can down the road. i see nothing but blue skies ahead. neil: now, let me ask you a little it about about the market itself because you're right, it does seem to be telegraphing optimism. but markets can also get a little ahead of themselves. there is hope on idea of a vacs seen or treatment by end of the year, early next year. it is dismissing the spikes in cases for the time-being, that it won't materialize into much. is it risking getting ahead of itself? >> well, i think we have to look at the data and your earlier guest talked aabout the fact that the demographic group that is being most impacted by resurgence in cases are younger people and then ask yourself the question, are these people been,

you know, at sporting arenas, less so, but if you will, venues of hospitality where they failed to observe social distancing? where they failed to observe masks? where they have done the things that public officials have told them they must do, to keep themselves safe and the answer i think is going to be, yes, they have. and so we've got to return to the disciplines that we have heard people advocate from the public health sector. masks, social distancing, and responsible congregation, not if you will, whether it is, whether it is demonstrations in the street or congregations at local pubs, we got to be mindful that until we have a concrete therapy, and until we have a vaccine, we're still going to fight this virus, we'll defeat it, but we have got to be

responsible enough to recognize that the, that the quest, the war is not won as of yet. neil: we'll watch closely. dick grasso, have a wonderful fourth. best to you and yours. dick grasso, former head of the new york stock exchange. corner of wall and broad we're up 232 1/2 points. a lot is going to come into focus here the closer we get to election day and whether the president talking about this economy, the sprint in jobs what has been happening with stocks will benefit him on election day. oh, if vladmir putin has these worries. he was able to force constitutional changes there that could keep them in office for at least another 16 years. no wonder why vlad is glad. this is decision tech. find a stock based on your interests or what's trending.

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♪. neil: all right. so far we're waiting to see if other airlines are going to follow suit right now with what american is doing, fully packing its flights right now. the empty middle seat, that is gone. but again the vice president and others are expecting a busy summer travel season. a lot of it could formally kick off this weekend obviously with the july 4th holiday. my next guest bracing for that i guess. joe is the tampa international airport ceo. that is a beautiful airport by the way. joe, very good to have you with us. >> thank you. neil: what do the crowds look like? what are you envisioning this weekend? >> well, neil, we're coming back. i mean the crowds are way below where they used to be. over the weekend we're expecting to handle about 20,000 passengers per day, which is a far cry from the 70,000 we would normally handle during a summer peak. but we're still expecting to see it grow. it is still quite below where it

was, though. neil: i'm wondering how people are feeling about flying now and how they react? i mean obviously the different security procedures right now. you have to have pa physically distant policy but still obviously check people coming through. and they then hear about airlines like american that are starting to this policy, no empty seats. in other words the empty middle seat thing is gone, do they worry about that? >> you bring up a good point. passengers won't travel if they're scared, they just won't. we recognized this back early in april, we introduced a program called tpa ready. we knew passengers would come back. we want to make sure when they come to the airport, they feel comfortable and secure and they have confidence in the experience at the airport. so we began increased cleaning regimens. we used increased cleaning techniques.

we ad social distancing on the floors. we cut seating in half to keep people apart. we implement plexiglass shields at ticket counters and gait areas. we required in april, all of our employees and partners and vendors to wear masks whenever out in public areas or can't maintain social distancing. that has helped people feel comfortable that the risks are being mitigated, that they're being lowered. airlines are doing a good job of cleaning aircraft. if the customer fails safe, if the customer feels comfortable they will make a booking and they will fly. neil: joe, hope things go well. the tampa international airport ceo. crowds are down, but by all measures they are coming back. florida is its own unique story. they had a big spike in cases in the state and a lot of mayors and the like, warning people

good idea to distance, good idea to wear masks. at least the miami-dade area folks were not doing that. so the miami-dade area started imposing a mandatory mask order. how is that going it's been 75 years since your ancestors served in world war two. many of their stories remain untold. find and honor the veterans in your family. their stories live on at ancestry.

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♪. neil: what is going on in the sunshine state in florida, right now. they had a spike in cases, 10,000, highest ever. they're not all distancing and not all wearing masks either. that has the miami-dade mayor taking action on his own. carlos jimenez he is implimenting a face mask order because i guess they won't, right, mayor? >> we had a mask order since april 19th. mandatory indoors around also mandatory outdoors unless you keep a distance of six feet. we just altered that to say mandatory outdoors all the time an mandatory indoors. we also made some other alterations to the orders here. we are closing restaurants after midnight. no alcohol after midnight.

we closed the beaches for the fourth of july. we stopped the parades. no fireworks in parks. the parks will be closed at 8:00. we need to stop having people congregate, especially large groups of people. we learned a lesson what happened at the beginning of the month, some demonstrations here. we had a spike in young people coming up more an more positive. we had a really large increase in young people coming up positive and they in turn go back home and they infect their parents and grandparents. we had higher number of hospitalizations. that is not trending well right now. we have to take measures to tamp this down. neil: what's the reaction you're getting from folks, mayor? i'm sure many of them say, all right, those kids are ruining it for us? they always get fingered for this. a lot of spikes in cases have to do with young people feeling they're invulnerable. at that age i remember i felt

that way as well. they are hurting it for other folks. what kind of reaction do you get? >> i think people are starting to get it. even young people are starting to get it. but it's true. when i was 18 years old, 19, 20. i thought i was invincible. i thought i was i immortal, nothing could touch me. a lot of kids don't think it's a big deal for them. the problem is it's a big deal for their parents and their grandparents. the message now, wearing a mask is a sign of respect. a sign of respect for you and me. i cannot assume that i don't have the virus. as a matter of fact, most people don't have it, when they're contagious don't have any symptoms. the young people are, you know, getting together, they're doing what young people do and, we need to, we need to, you know tamp that down. we need to crack down. we've had the crack down going on for two weeks. but, again, these numbers are not getting any better.

so we'll have to take more aggressive action. neil: yeah. sad by true. you have got to do what you got to do. mayor, thank you very much. try to have a good fourth weekend nevertheless. good for you to stop by. florida just one states seeing spikes in cases where they are reversing some earlier positions including bars where no alcohol can be observed. they are not as shut down as they are in texas right now, a number of states, including nine counties in california are reversing actions that were taken to get the states to open up right now. some of them are reversing that. we just don't know for how long. we leave you here with the dow up 255 points through all of this because the underlying hope we will get through this. ♪

now we're opening it up and it's opening up far faster than anybody thought even possible and more successfully. and as i said, you are going to have a fantastic third quarter. it will be a third quarter the likes of which nobody has ever seen before. it's the fourth quarter likewise will be extremely good and maybe most importantly from the standpoint of our country itself, next year will be a historic year.

neil: well, certainly the president has the wind at his back regarding the economy here because jobs just boomed in the month of june. 4.8 million of them added as people were going back to work. what's interesting is that the unemployment rate has come down to 11.1%. remember we were touching with 20% here, fears that it could get up to more than 30%. that does not seem to be the case right now. it was broad-based in a lot of sectors here and that was even with and during the month where a lot of companies were slowing down on their hiring. a lot of states were saying you're not going to be able to open back up for business, not nearly at the numbers we thought. even with all of that, the big gain you see right now, it was across the board as i like to point out here. jobless claims coming out the same day, even though a little bit north of 1.4 million, it continues a week-to-week decline from the week before. so the trend again, the

economy's friend. the market's friend and for the time being, the president's friend. let's get a read on this from the career builder ceo. when you look at numbers like this, a lot of people said after last month and the surprising surge they thought would be a dropoff, that it couldn't last, that it would be corrected in this report. it wasn't. if anything, it continues to grow. how real is this and for career builder, what are you seeing? >> neil, we are continuing to see week over week growth and you mentioned this earlier, but the unemployment rate number is really a look back over the last 30 days. we have actually seen throughout june each week continue to increase. when we even look at just our own site, career builder.com, we have seen a 65% increase on the jobs side, on postings. we are actually seeing the largest traffic trends so we are growing the largest we have

grown on a percentage basis as well. we are seeing state by state, we get data across every state and every country and globally really, and we are seeing both the global trends be really positive and within states, almost every state is growing positive from a jobs opening perspective. neil: th-- very generous government unemployment benefit of $600 on top of what the jobless are getting if their respective states would hamper job growth or forestall that because a lot of folks would be doing well enough to say why should i go back, talking like child care, i will have to deal with that, that is not materializing. >> well, it is in many ways because when you look at it, the job growth is the company saying they are starting to open their doors, starting to bring back employees, starting to look to fill roles, especially if there's other parts of the economy that are growing. but what you touched on is on

the hospitality area, they actually are having significant trouble convincing people to come back to work for two reasons. one, you mentioned because unemployment is so high right now, the benefits, rather, that it makes sense to stay home versus to go down and take a pay cut to come into a job that is very contact-oriented potentially and could expose you to covid. the second reason is we are seeing a lot of growth in work-from-home jobs. so people that were in that front line covid section of retail hospitality, stores, are rethinking and saying how can they pivot to become customer service representatives and really use their skills to pivot into another role. but a lot of companies are having trouble finding talent. neil: that reminds me of the career builder model, does it include those who do want to work from home or have a preference for that? >> yeah. one of the things that we have

really continued to invest in on our side is not [ inaudible ] but specifically being able to search on work-from-home because that is one of the categories when we look at the word, keyword that has been used most on job search right now is that work from home word. if you think about it it's impacting multiple different industries. we are seeing it from a socialization perspective that people are creating socializing and the gaming side of businesses is really growing, and those companies are looking for developers and back office and operations people and that industry, we are actually seeing a lot of desire and need for architects and they are allowing architects to work from home, because cities are looking at rethinking how they set up their urban environments to be much more focused on health and safety. neil: i did not know that. always learn something. thank you very very much.

go ahead. >> i was just going to say, one of the things that we haven't really talked about that's getting lost a lot in this narrative of the jobs number which is great it's down to 11%, actually it's not down to 11% across all races and genders and one of the things that really sticks out from the data we're looking at, again, because of the diversity of career builder we get access to all this information but the unemployment rate went down to 11% with women actually leading the charge in the decline. women unemployment declined about 23%. however, the black community is really only declined 8%. so that whole community is still sitting right now at 8% decline which is about 15% unemployment relative to 11% for white and for men in general. neil: that's very interesting. got to narrow that gap. the president was talking about gains he's made since he first became president. this is a stubborn pattern that

continues. irina, thank you. we will follow it very very closely. >> thank you, neil. neil: be well. want to go to katrina because the other good story besides jobs is what's been happening in the housing arena. record number of folks applying for a mortgage. you've heard of pending home sales that are just, you know, flying fast. i don't know in the florida neck of the woods how things are going and where the hot markets are even though we are showing you a little bit north of 3% 30-year fixed rate, one could be had these days depending on where you go for as little as 2.5%. borrowing money is cheap but this is getting ridiculously cheap and a ridiculous opportunity right now for people to take advantage of. right? >> absolutely, neil. while many different aspects of our economy have taken a pause during this pandemic, the one industry that now is helping us rebound or get out of this recession, if you will, is

housing. we have seen a huge spike in pending sales which is indicative of sales that are going to close in the next few months. there's very different things occurring in the market right now. one, interest rates are so veloso it's a grelow, it's a great time to buy. people have re-evaluated the importance of their home space. you see a hug aeun aetf o o b s no wanwngwwwe o oth cies itio tntntntnt surbaur ars. thes,s,s,t ws,os, h yt tiviacties facties theties tiess eyth'tonton tbe dendentde ceilar a cdododonitieseseseses or bhe ar ss,s, s,foforth.h.h.h. ethiggegestroroblem i sing isinvey. had hn hnnventonven shoage befohe pan pmicc and a thashahaa continuint to nt t aroblemowow because maneee selrs haveavavav decided toded de pausesend plac their house on the market. buyers are out there and looking for places to buy but they need more inventory. also, new construction starts were very slow in the past. now builders are starting to get more bullish and starting to

build but they are trying to catch up with demand in the market. our largest concern, everybody is moving here. i'm getting calls from new york, from california, people are buying sight unseen, looking for rentals, they want to escape the city and so you are seeing a lot of people re-evaluate the need to actually be in a certain location to work from that location and they are working more from home. this has just opened up a whole different perspective about the opportunity to work from home and with that stayed, now people are looking for space, home offices have become extremely important. home schooling areas have become extremely important so that if people decide not to send their kids to school this fall they have a place to really do these activities with the children. you are really beginning to see just such a demand for the home space. i really believe that people have more equity in their homes now so this is going to help us get out of the funk that we're in. neil: real quickly, how to floridians feel about this flood

of folks coming their way? >> well, we love them coming. we just don't want them to vote blue. so as long as they are republican and they are coming -- i'm so happy they're coming for my real estate business. it's great. but we just want to keep our state intact and we are very happy to welcome them here but obviously, we are very proud of the state of florida and i think that we are going to continue o to -- we discussed this in the past, i'm beginning to see even though we in the middle of the quarantine, traffic i think will be a problem. if people work from home, we won't have that same struggle we had in the past. neil: yeah. traffic is always an issue in florida. you are dealing with that. katrina, watch that very very closely. it remains a draw, the tax-free nature of living there. it's much cheaper to live in a state like florida which routinely tops the list of affordable places to go. especially for those looking to retire.

among the many issues we will be focusing on next week, in fact, a week from today, when we look at the state of housing right now and what's hot, what's not, how urban areas are doing, and how not urban areas are doing. a lot better. barbara corcoran, real estate expert, on what's going on in new york. some interesting news out of new york, that manhattan, you know, overall activity has dropped dramatically. the biggest drop we saw in 30 years with manhattan real estate sales, where the median sales price fell 18% to about $1 million. i know that's eye-popping to a lot of folks outside this very pricey, you know, canyon of buildings, but that is a big drop. we are going to explore that phenomenon because it's happening in big cities across the country as a lot of people coming out of this virus and lockdowns are saying i don't want to go back. we will explore that, hope to take your questions for barbara

and our guests and anything that's on your mind, we would love to hear from you. please do. we will remind you about this once or twice on various shows. meantime, i do want to get a read on this spike in cases we have been seeing. that has not been a detriment or slowed any of this real estate activity in florida but it bears watching in a number of states because the spikes are more than just what's going on in florida. there's georgia and texas, of course, and you have been reading a good deal about how now california is taking measures to rein in activity that has gotten a little out of hand. jonathan serrie following it all in atlanta. reporter: hi, neil. they are not only worried about the current spikes but potentially even worsening over the fourth of july weekend. they are really trying to discourage people from gathering over the weekend with friends and extended family out of fears this will further spread the virus. here in georgia, governor brian kemp is touring the state by aircraft, landing at local

airports of various sizes along with his public health commissioner, urging people to wear face masks, face coverings remain voluntary in georgia, unlike some other states including kansas, nevada, washington and pennsylvania, which have issued statewide mandates. here's why. >> i don't think we're going to have to get to that point. our citizens have heeded the call before and helped us when we made the call for ppe. they hunkered down and closed businesses even when they weren't mandated to. reporter: the city of tuscaloosa imposes a $25 fine for violations, the move coming after city officials learned young people were hosting covid parties, placing bets on who would become infected next. >> come in with known positives. we thought that was kind of a rumor at first. we did some additional research. not only did the doctors'

offices help confirm it but the state confirmed they had also had the same information. reporter: the new spike in covid-19 is affecting more young people than before, including the reigning miss florida. she says she had no previous underlying medical conditions so she was surprised by the fatigue and shortness of breath that she experienced. good news is she is feeling better and is recovering under quarantine at home. but the state of florida is reporting 10,109 new cases. that's in a single day. that sets a new record for the sunshine state. neil? neil: all right. jonathan, thank you very very much. as jonathan was indicating here, it's not just in a couple of states. it's country-wide when you average it out, 52,000 plus new cases across the country. we have never been that high. it is a little jarring here. it depends again on the breakdown of those numbers. an internal medicine physician joins us now, chief medical

officer via skype. great to have you. what do you make of these spikes in cases? >> i think we've gotten a little relaxed. we're out and about and not taking seriously physical distancing or wearing masks, so inevitably the cases will rise again. we are also testing more so we are seeing more of these positive cases. neil: we haven't seen a jarring jump in hospitalizations, i guess it depends on the state, and certainly death counts are going down dramatically. does the mix of the young now making up the majority of these new cases change this, or is it still a risk because obviously, young people can give it to more vulnerable older people? >> i think it's a mix of both. i think in some places, hospitalizations are going down, but in others, the icus are full, the ers are full, and i think you've got a great point about young people infecting those that are vulnerable such

as children and seniors. so for that reason, we all have to take it seriously. you just heard on the piece before mine, there was a young woman perfectly healthy who was so sick. so it's a strange infection and it has a random infection -- how do i want to say it, a random infection picture. some people have it, they feel okay. others are perfectly healthy and they are in the icu intubated. neil: a lot of older folks get very nervous about going to the hospital, even for, you know, regular treatment and even though that's allowed in a lot of, you know, cities and states right now, they are afraid of catching this thing. what do you tell them? >> it's such a hard problem. at once we want them to stay home but they have to get their medical management done, they have to get their vaccinations, they have to get their screening exams done, especially when they

are older. we do a lot of house calls for this purpose. we are very busy delivering these services to patients in their home. but for those folks that can't get these services, the best thing for now to do is to stay home. if you have to go out, please wear a mask. it will help profoundly. neil: doctor, thank you very much. thanks for all you do. you help out a lot of folks. >> thank you so much. neil: dr. renee dua. have a wonderful fourth of july weekend. i do want to bring you up to date on the hope right now we have at least around the country to see eventually something that will spur the economy yet again. they are working on a coronavirus bill that will provide still more relief and by the way, these are not small numbers they are talking about. what the president himself wants to do, after this. ta-da!

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from steve mnuchin, the treasury secretary, and donald trump's chief economic adviser larry kudlow. they are waiting and what we are hearing from sources working capitol hill, working the white house, these are lobbyists, they are saying the next round of stimulus could come as late as

september. it's looking more and more like the july deadline which we were reporting up until yesterday, that they are going to wait until after the august recess to do the next round of stimulus. now, why is that? there's a couple reasons going on. number one, the economy is improving although there's some suggestions that it may peter out as coronavirus spikes hit certain states. but the economy is improving as you saw today. and some of the money that was earmarked for stimulus, particularly to small business, has not been spent yet. those small business loans the fed i think right now is giving out. it's barely touched. so the feeling now from republicans on capitol hill, from the white house, unless something changes dramatically, let's reassess, let's look at what parts of the economy need additional stimulus and let's focus on that. and some of the things we have been hearing quite frankly is

yes, infrastructure is on the table, aid to certain states is on the table, aid for home schooling for public education, for campus schooling, that sort of targeted, targeted stuff that will help spur the economy in places that really need it as opposed to small businesses. i'm not saying small businesses don't need money. they got crushed in the pandemic lockdowns. but at some point it becomes pushing on a string. you can only do so much and the current programs are not -- have not been fully tapped. so again, as of now, and that's pretty much of a confirmation, what you heard from mnuchin and larry kudlow, is the next round of stimulus is going to come in september, likely after the august recess, unless something dramatic changes, and you could see checks to individuals but it's going to be much more focused. i would be surprised if they just start handing checks to individuals as they did in the first rounds. i think this is going to be much

more like you may get an extension of unemployment benefits but also, there's going to be some incentives to return to work. you get some money if you return to work or maybe a tax break. that's where we are right now, neil. obviously things could change. but we are looking at stimulus that doesn't make the august recess. back to you. neil: all right. we will watch the impact of that. charlie, have a good fourth, my friend. charlie gasparino. best in the business telling you about the business. meantime here, telling you about fireworks shows that are being cut back dramatically across the country. in new york, they are doing something weird with the macy's fireworks. they surprise you with fireworks spread out over six days. you never know when and where they are coming to cut down on crowds, just that they're coming. not everyone is so lucky. they don't even have that. jeff flock on that after this. no matter what challenges life throws at you, we're always here to help with fast response and great service

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♪

neil: you know how many times my staff has said neil, we're going into this segment with pop music and you have to make a reference to that. like i'm not familiar with this song or pop music. okay. well, it's about fireworks. the song is matching to the anticipation about the fireworks. here's the problem. not with the music but with the sad reality that outside of big places like new york city, maybe some other big urban centers, there aren't nearly the number of fireworks shows planned this weekend as there certainly were a year ago. that bums a lot of folks out, to put it mildly, but it really hurts small businesses, to put it into reality. jeff flock following it all from chicago. jeff? reporter: absolutely. by the way, you are cheating on adele with katy perry. i would just point that out. there are 115,000 displays -- she's not happy with you --

116,000 displays like this. this is in the middle of the stadium just outside chicago. typically, 116,000. this year, most of them canceled. caesar benitez with a company called five alarm fireworks, you typically do how many? >> six to seven, seven to eight every independence day. reporter: this year? >> only one. reporter: you still have the same expenses. you bought the fireworks already for this. i see your man delivering stuff. let's walk over so we can take a look at these mortars. you already bought the fireworks. you are sitting on those. >> thousands of dollars in storage facilities. reporter: you have huge insurance payments, $36,000, you tell me? >> absolutely. reporter: no revenue except for one or two shows? >> no revenue. reporter: that's tough. these, by the way, i'm fascinated, i have never seen these up close. this is what it looks like when you are the shooing these things out. these are called mortars? >> these are mortars. you put the -- the shell is

dropped into it and it acts like an antique cannon so the fuse is lit and it launches straight up into the air. reporter: the thing about fourth of july, you can't make this back up. it's not like oh, we will do it next week. people are just canceling period, right? >> yes. absolutely. all our customers. reporter: i know neil is interested in the ppp program. you did get a ppp loan to last you a little bit? >> i did receive a ppp loan. fortunately, it was just a band-aid. it helped us and we are grateful for it but once again, it's just a band-aid. reporter: yeah. wow. the industry, it's about 150 companies nationwide, neil. family-owned companies like caesar's. they are just getting hammered. good jobs data today but bad jobs news in this particular industry. neil: yeah. you hit the nail on the head, jeff. it's not like you just moved this to another day. it's either july fourth or bust.

i mean, that's something they can't make up. ppp funding or not. thank you, my friend, very very much. jeff flock in the middle of all that. thanks, buddy. it happens again and again, state after state, city after city. everything is going fine until you get some jarring news, you can't do this. imagine having a gym open, ready to go back to business, the arizona governor says no, no, not so fast, we will retrench a little bit. tom runs mountainside fitness, he's the founder and ceo, that out of the blue comes the governor to say no, no, no, we are going to close things down because we are dealing with these spiking cases. he took matters into his own hand, pursuing the government after its new lockdown order. he joins us now. tom, you were just caught off guard with this, right? >> absolutely. there's a lot of context behind it because we were along with everybody else when the governor mandated everybody close on

march 18th. we didn't know how long we were going to be closed. we didn't know what was going to happen from there. kind of everybody banded together and closed down and at that time, it was for 60 days. we realized we weren't allowed to get ppp funding, we were too big, but worked with the governor's office during the time we were closed to work on all the protocols to open. and when we open. so when we got the news on monday that now we were going to be asked to close, we didn't see that coming or had any understanding as to why and then realized no other businesses were asked to close. they did ask a theater to close. they weren't even open. then so we came back and said that wasn't fair, and certainly in arizona law, if it's arbitrary closing, you can fight that because it's against our constitution. neil: now, the governor will no doubt respond i'm doing this for people's safety. you had taken precautions and measures to make sure, distancing and all that was

honored, but it wasn't enough, was it? >> no. you know, we have always asserted that this is an essential business. certainly for your physical health and the ability to fight, to have antibodies to fight all viruses and mental health. certainly in this time, we really wanted to be open for everybody, because we have members and not customers, we are able to control social distancing. we are able to clean our products and work together with our members to keep it a safe, healthy environment and be part of the solution, not being told arbitrarily that we are part of the problem. then there's the consideration of the 1500 employees and going okay, we are being singled out in the 99% of the state is still open, that's something i feel very strongly we needed to protect as a group. neil: has anyone indicated at least at the state house or governor's office how soon things will be able the reopen? >> we haven't had any indication. you know, our goal was to file -- get a judge to hear the

case. we have one on monday who can hear the whole case and then work together with the governor's office to either formulate a new plan that incorporates everybody in the valley or certainly a different plan for fitness centers to function forward with better communication, not this arbitrary overnight close in five hours decision. neil: yeah. you think about it, you're right. gyms and all that, they build the endorphins and all the stuff you need to battle bad diseases. you make a good case. we will follow it closely. keep it posted. love to have you back to see how all this is going. tom hatten, mountainside fitness founder and ceo. as these laws and things go, it's the gub novernor's way or highway. that's very very tough. other tough news to pass on to you, the reason why moderna's stock is sliding 6% or 7% on

news that a trial for its covid-19 vaccine is being delayed. they are not giving the exact reasons. the company is apparently making changes to the study plan. it was a late stage trial that was expected to start next week, to deal with the coronavirus. it was one of those early possible coronavirus treatments that was bally-hooed much in the financial community as one of the early promising cures or at least treatments. it is delayed. for the stock, that is not good news. there are many others are similar offerings that so far are not but for moderna, not welcomed. stay with us. - hey, can i... - safe drivers save 40%!!! guys! guys! 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! safe drivers do save 40%. click or call for a quote today.

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whose three-day winnings were valued at $12,850, and you know what? that was a pretty big haul back in 1976. so i wondered, what would have happened if lee had put $12,850 in cash and then put $12,850 in gold in a safe, just sitting there side-by-side from 1976 until now? well, i went back and i ran the numbers, and what i found was amazing. we all know that $12,850 in cash would still be sitting there, but it would be worth a whole lot less than it was in 1976. but that $12,850 in gold, safely stored away, it's worth $135,000 as of the taping of this commercial. now, that's more than 10 times the original amount. and that's why i've been putting my money in precious metals for years, and i don't see any reason to stop now. - [announcer] if you've bought gold in the past, or would like to learn more about why physical gold

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promising treatment or thought to be a promising treatment, still might be, for the coronavirus, well, it's delaying a planned trial study on all of this. that means it could fall behind in the race to come up with something where the director of the nih was saying today in testimony on capitol hill he's very optimistic some sort of treatment, vaccine, will be had by the end of the year, beginning of next year. dr. fauci indicating that much but it might not be coming from moderna if this delay is interpreted that it's falling behind. right now the stock is down a little bit more than 5%. but the market is similarly intrigued with so many others. at least a dozen companies either individually or working in partnership with other big names are coming up with something even in the case of working with countries to do stso. i want to kick off with my friend liz peek of what we make of that. liz, this is a reminder where it's almost a good situation where we have a lot of guys

competing to come up with a vaccine that might be available sooner rather than later. so the market seems to have absorbed news on a company like moderna, where it might have sold off on it in the past. what do you think? >> well, i think you're exactly right, neil. it's because there are so many players in the mix. i think the betting odds now are that one of these companies, i think there are ten viable contenders, as far as i know, na are sort of approaching or in various stages of market trials, and that's only the ones we know about. i presume in china and other places there might be other approaches being taken. but i think the good news is there are a lot of players in this. my gosh, can you imagine the opportunity for a company to be the sole provider or one of the one or two providers of a vaccine because this is a pandemic that's reached every corner of the world, every corner of the world is going to be looking for this vaccine. neil: you know, liz, i had a

chance earlier in the show to talk to ken langone, the billionaire co-founder of home depot, to get his perspective from a guy who runs the ken langone medical center and does a lot on dealing with the virus here. he was telling me his frustration with americans who are not practicing the distancing rules and wearing masks and all that and says forget about how it delays a recovery. it's just needlessly harming people. he's worried about it. the health issues notwithstanding, do you fear these spikes are going to continue and if they do, what the market implications could be? to your point, the markets right now aren't too worried. they think we will get over this, the mix of young is encouraging, et cetera, so they're not going crazy. what about you? >> well, i thought ken was very open about his age when he spoke

to you. i think like a lot of older people, he is very concerned about his safety because we know older people have to be especially careful to practice all those things you are talking about, wearing a mask, frequently washing their hands, et cetera. the problem, what we are seeing now, neil, is, and i think this is sort of understandable, after three months in lockdown, young people are basically out partying and out visiting their friends, out attending concerts and so forth and i don't blame them, and by the way, there are also an awful lot of people out protesting without wear masks, without social distancing, so the country kind of left behind an awful lot of good practices in their urge to resume normal life. again, i can kind of understand it. the problem is these young people go out and get infected, they may be asymptomatic, then bring the disease into their homes, into where parents or grandparents are, and that's a

real problem. i think what we have seen, you all have talked about it a lot, as the economy has opened up, i don't think anyone didn't expect to see an increase in the number of cases. it seemed to me that was sort of axiomatic. what's happened in a couple states like arizona and texas is the increase was more than expected. and of course, that's worrisome, of course it's terrible if it leads to increased fatalities that were preventible. thankfully, it seems like the fatality moving average anyway is still going down and i think we have to hope that if it is mostly young people now being infected and being tested, by the way, because early on, remember the people being tested were those who had symptoms. now it's sort of everybody. that the repercussions for the country and fatality numbers are just not going to be that bad. but look, everyone hopes this goes away.

the problem is, it isn't. i think we are treating it better, as ken said. remdesivir and other therapies appear to be lessening the fatality rate. all of that is good news. i think the economy has got to reopen. neil: all right. thank you, my friend, very very much. i just wanted to discuss those breaking news developments with you. always the pro you are, you batted them out of the park. thank you. have a wonderful fourth of july weekend. by the way, you know, this economic delay in activity probably is over the top when it comes to what's going on on broadway, where they are going to remain dark through the rest of the year. forget about just the sner aummd restarting in the fall. we are talking january of next year at the earliest. you doing okay?

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like uber, it's also planning to proceed with that early next week. postmates is on-demand delivery and pickup platform, doing most of its business on food delivery. uber is pushing forward with uber eats, reportedly offering the company $2.6 billion to fold postmates, that platform, into its business. now, valuation of these ipos, really important when it comes to investors deciding whether they want to get in or if they are going to take a buyout, depending on that. it's the last -- in its last round of fund-raising last year, postmates raised $225 million on a valuation of $2.4 billion but there are estimates that suggest that postmates could be worth as much as $3.9 billion. in june, jake fuller, btig, suggested postmates could be worth quite a lot more, arguing when uber talks with grub hub fell apart, it made the

postmates acquisition even more necessary, more attractive. just eat takeaway actually finally agreed to buy grub hub for $7.3 billion and that happened last month. overall, postmates has 8% national market share. uber eats has 22%. add that up, it would be a combined 30% which would set them up to be the number two player behind door dash with 45%. but remember, door dash is backed by softbank capital. it's reported to be spending heavily on growth, pretty much at any cost. just for some perspective, if you live here in new york city, you would know that most people are familiar with seamless which is part of grub hub. in l.a., postmates is the premier service. they have the market share dominating in that city. i would just say this. we watched the ipo of lemonade today, a tech ipo, pricing at an up range and seeing 100% gain last time i checked. so the market, certainly hot for these ipos right now. we will be watching closely. neil: yeah.

they will have a large supply if they haven't already. great reporting as always. jackie deangelis on all of that. not so great news for broadway, confirming in the past week or so what a lot of people had long suspected that reopening this year just isn't going to happen. right now, it will stay dark right through the year. the hoped-for return in early january but it will obviously be a very different broadway. lot of people have lost a lot of money, jobs, opportunities, to say nothing of those who might be concerned about going back to new york, period. charlotte st. martin is broadway league president, joins us now. charlotte, that is obviously devastating news and i'm wondering, i mean, for a lot of shows and productions, you know, they are barely hanging on as it is. a january opening, that's going to test you. >> it certainly is. we are very fortunate that so far, only three shows that were part of this past season have

shuttered. one long-running show, "frozen" and two that were about to open. otherwise, everyone that was performing and those that were about to open are still planning to come back next year. let's hope that's the case. they are living off of advances and ticket sales for the future but i suspect those are very close to running out. neil: you know, i'm wondering how you think things change when you do reopen. >> well, we certainly know that the 19% of our business that came from outside the united states will be slow in coming back. so we lose those people. we still don't know what broadway's going to look like from a safety protocol. we have been working on various aspects of how we return, including things like contact

less services to changing the ingress and egress into the theaters, into the restrooms and what we do with the hvac system. we hired medical professionals and scientists to help us develop these protocols, because we have said we will not be back until we feel sure that it will be safe to come back for the cast, the crew and of course, the audiences. neil: well, i wish you well. i've had enormous entertainment with broadway shows and what you offer. i'm sure it will come back again. charlotte st. martin, broadway league president, hang in there. more after this. ♪ ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeah ♪ hey, hey . .

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neil: here's charles. charles: thank you very, neil. good afternoon, everyone, i'm charles payne this is "making money". stocks rallying on another blockbuster jobs report. economists keep saying it is impossible but the markets are definitely pointing to a v-shaped recovery. we have you covered on everything, jobs markets throughout the hour. president trump will speak in front of mount rushmore celebrating your nation's birthday. radicals on the left are calling for the monument to be destroyed. jenna ellis talks with us about people that want to rewrite american history. this we better