tv Cavuto Coast to Coast FOX Business July 6, 2020 12:00pm-2:01pm EDT
12:00 pm
town hall with special guest barbara corcoran, quicken loan ceo, james varner and hovnanian ceo, ara hovnanian. do not miss that. i will leave it right here with markets solidly higher. the man himself, neil cavuto will take it from here. neil. it is all yours. neil: ashley, thank you very much we're looking forward to hear from you for our special, invested in you, real estate opportunities that exist or don't exist, that coming up on friday with barbara corcoran with a special guest. hope you had a wonderful 4th of july weekend. on corner of wall and broad they're having a wonderful post-july 4th weekend. storks are surging even in the
12:01 pm
case of virus elements as well, but not nearly as worrisome as we thought before. there are promising treatments on the way. we will talk about half a dozen cleared for takeoff, in face two, phase three trials. not all of them but, prompted the president is optimistic that vaccine or some type of treatment would be ready by year's end. the surge we saw in china, shanghai index notching a 6% gain. highest momentum it has not seen in a better part of a month. you're seeing similar robust gains across europe, european continent, optimistic even in more problematic places things are picking up. you have the good economic news and good take over news. one in the food delivery arena. one with whisperings to come, initial public offerings and follow-up offers could become all the rage. this is interesting subset
12:02 pm
market too heady for folks right now? share later in the broadcast by sheer statistical measures it is not, it is not too frothy. a view you're not often hearing people are worried when we get to the nose bleeding levels but not near as nose bleeding as they were in 1999 right before we got the internet kibosh. we'll get a read on everything from jackie deangelis at our fox news headquarters. good afternoon, jackie. reporter: kneel, we have answers what is happening in the market today. the dow up 333 points, the nasdaq on pace for the third record consecutive close, to notch it, 150th record since president trump took office. so what's happening here? you have got a lot of people, markets, the investors, shrugging off the spike in coronavirus cases that we've seen. while they know it's still a problem the hospitalizations
12:03 pm
coming down. we've been talking about this. the death rate coming down as a result of covid-19. is actually positive news. there is hope that reopening could keep pace and at least the economy can continue its recovery as this works its way through the country's system if you will. fueling that optimism, continued strides in treatments, vaccine development as well. that is the key to people feeling safe and to calling covid-19 under control, right? so we're looking at regeneron up 2% at the moment. it is working on face three trials for its covid-19 anti-body treatment. the market likes that. regeneron is not the only company working on it. we've reported on all the developments in the pharmaceutical space. there is investor appetite for m&a, ipos as you mentioned. that gives the market this feeling that things are healthy out there with respect to moving
12:04 pm
forward. now the postmates deal, they announced this morning they accepted a $2.65 billion offer to be acquired by uber. we talked about this last week when postmates basically was telling the market it was ready to move forward on its own. they're not going to do that. they're taking this offer. they got a little bit more cash than reported last week. together the two companies are going to have 30% market share over the food delivery space which is pretty huge. it puts them just behind door dash. here in new york city, we're talking about phase 3 reopenings starting today. it will not include a key component people were expecting, including indoor dining. the dining going pretty well. concern that the virus particles can spread indoors especially eating, not wearing a mask. you can socially distance so much, but that closed space that makes people a little bit nervous. so you see new york city saying we'll take a more cautious approach to this, a slower approach as we continue to see what happens. neil, maybe that is the best
12:05 pm
answer right now. you know, there was hope during the summer we wouldn't see as many cases because of the heat. that doesn't seem to be the case. there is still are concerns about that fall resurgence too. neil: yeah, so many, to your point are sort of easing up on indoor dining, at least cutting back capacity at least states allowing it. that will be a wrinkle to slow the recovery down. hard to say. jackie, thank you very much. there are also positive developments on the vaccine front. before i get to edward lawrence on one that is getting a lot of scrutiny, becton dickinson granted emergency approval for rapid antiagain test that can produce results in 10 or 15 minutes. regeneron has begun late-stage cob tile for preventing or treating covid-19. other treatments including remdesivir could be out in people's hands and a lot sooner
12:06 pm
than we thought. edward lawrence following that. reporter: fda commissioner said there will be a surge in remdesivir going to the areas that are hardest hit. also the president of the united states saying, president donald trump saying that we'll have a vaccine long before the end of the year. the fda commissioner would not designate the timeline related to when there will be a vaccine by the end of the year. the fda commissioner stephen hahn promises the vaccine will be approved when the science is ready. seems like we're moving ahead pretty quickly. president donald trump repeated over the weekend a spike in cases has been noted because we are testing more. the cases were always there. he says 99% of those cases are harmless, something the fda commissioner refused to defend. this morning the white house chief of staff did. >> i don't even know that it's a generalization. when you start to look at the stats, look at all the numbers that we have, amount of testing that we have, the vast majority of people are safe from this.
12:07 pm
reporter: meadows saying there will also not be a mandatory national mask mandate coming from the white house. he says it's a local decision. the masks will be handed out though at the president's next rally. president donald trump's campaign says they will hold a rally this saturday in new hampshire outside and there will be masks that will be given out. neil? neil: thank you, my friend, very much. edward lawrence outside of the white house right now. i want to talk to jeff, you know him as the fifth third chief bank investment strategist. he is much more than. that uncanny read at these markets. jeff, looking at markets with all 11 sectors up, up nicely, a few of them up double-digit amounts, i wonder whether this is wall street's way of saying we think the worst of the virus surge is over. we also find promising vaccines, potential treatments, antigens on the markets that could get to the market a lot sooner than expected. warren buffett finally spending
12:08 pm
a little bit of money, big in the natural gas arena, not a big deal in the food delivery arena, more to come. what is making this as strong a day as it is thus far? >> well you're absolutely, right, neil, the news flow has been almost universally positive over the last 24 or 48 hours. the other factor that we keep in mind is that the trillions of dollars of cash on the sidelines. that is certainly going to help this market climb any wall of worry that continues to be out there and that certainly a positive that we think is sustaining the markets. neil: we talk about individual investor participation, this fear we're going to repeat what a lot of folks did back in the late 1990s following the internet wave that crashed the next year. a number of columns today, including one in the journal, elsewhere, talk about it is not like that now. where are you on this?
12:09 pm
>> we certainly believe that. it is not the, just because the market is making new highs doesn't mean that valuations are too speculative levels. you also have to take into account the fact that interest rates are very low and likely to stay low and that helps support valuations. unless we see that changing which we don't at fifth third in any major way we think the market can sustain these levels and can move forward from here. neil: you know airlines had stronger than expected traffic on the weekend. it is still down double digits from what it was last year, the idea you have to crawl before you can walk, i get that. non-ism manufacturing pmi many coming in north of 57 which was estimated to be a reading of about 50. you look at that, pending home sales what is happening with mortgage applications, there does seem to be follow-through,
12:10 pm
for how long, do you suspect? >> i'm going to inject a note of caution here, we at fifth third see the pandemic not necessarily creating new trends but supercharging existing trends. when you have that happen, you have a high degree of disruption in the economy. so we can start on this trend towards normally, but we're going to be disrupted because what we see four supercharged trends. work from home trend. that will be disruptive. the move from the urban core to the suburbs that will be disruptive. in store to online retail has been existing, now supercharged, that is disruptive to the economy. even demographics of the workforce, businesses prior to the pandemic placed underreliance on placing over65-year-olds back to the workforce. i think we have to question that trend. all these trends have long-term positives but they require reallocation of resources. that will be somewhat disruptive
12:11 pm
and make a little bit of choppiness towards the back end of the year. neil: jeff, always great catching up, my friend. thank you for sorting all the green arrows out. jeff, a good read of these markets, and where we're going from here. all the major sectors up appreciably. the dow up 322 points. the nasdaq is in record territory. whether that's good news or not for the president down the road is anyone's guess. we do know there was a little bit surprise over the weekend, entertainer, designer, kanye west indicated interest he wants to run for president of the united states. whatever your views of him, could that divide the minority vote and more importantly, the democratic vote, typically a strong constituency, one that joe biden could be counting on? gianno caldwell joins us, fox news political analyst, much best-selling author and minority voters where they go and
12:12 pm
typically gone in the past. what did you make of the kanye move. i always thought he and the president had good relationship, maybe this is clever by half, entering the race, kanye would presumably divide that minority vote. what do you make of that? >> i talked to some of kanye's folks last night and i don't believe, many people are taking it seriously, but here's the thing, it would benefit the trump candidacy if kanye got in the race. if you recall when kanye made visits to the white house, he endorsedded trump candidacy, among the minority community trump's numbers shot way up. he has a lot of respect in the black community. he is a an icon among many, not just african-americans, hispanics, caucasians, especially younger demographic of americans. they respect him. they like him. he submitted his status as billionaire three weeks ago. got a new deal with gap two
12:13 pm
weeks ago. kanye west right now is on fire. he would present a very serious problem for joe biden f you recall, all it takes to move a few votes, if you think back to 2000, ralph nader ran for president in the state of florida. he got 10,000 votes which made the contest between al gore and george w. bush between 500 votes and george w. bush ended up winning. so this could change the dynamic and landscape if he is serious. the real considerations are can he actually get on the ballot? there is no campaign structure set up and a dozen states or so he can't get on the ballot as an independent. however he could be a write-in candidate. this could be a very interesting development. neil: switching gears, i was thinking, when i would have you today, i don't know if you were among the millions who downloaded hamilton, broadway show on disney plus the streaming service.
12:14 pm
there is counterwave, called cancel hamilton on the streaming service presuming over hamilton 's role in the slave trade years prior. where do you think this is going? if you had to give disney advice, what would you tell them? >> you know i haven't seen any "hamilton" plays which i should. i have to get to your levels in terms of financial status. soon enough i hope i will see a play. neil: you can download it, you can download it, my friend. >> that may be too expensive for me fit is over 15 bucks. neil: i see. >> on a serious note i think our country has suffered tremendously under slavery. although there has been a number of individuals, talk about the confederate statues, statues i believe should be moved into museums, there is a lot of individuals owned slaves but also in some of these cases committed something good to america and with that being the case, we can't erase our history.
12:15 pm
i think that is a conversation that people will continue to have. you can't erase it. it is what it is. we have to move forward and look how we can benefit our country moving forward. how we should be putting up statues of frederick douglass. there are some african-americans which we can honor by way of statues but at this point i think we're going, in some cases, not all, some cases too far. neil: i always feel like, driving you into this debate, not because you're an african-american but because you're a good read on things but the president has demanded, bubba wallace, nascar driver apologize over the whole noose incident. then he blasted nascar over banning the confederate flag. i'm wondering what you make of that and does it bother you? >> i think the confederate flag should be banned 100% full stop.
12:16 pm
in terms of bubba wallace, think about the folks who really watch nascar. these are big basic trump supporters. if you're looking at comments on social media when his names come up, a lot of them feel he is similar to jussie smollet. clearly this is not a jussie smollett situation as at least reported as situation goes forth. however he is directly speaking to his base, hearing their concerns what they have been saying. some don't want to see him in either because folks did commit to justice when it was at least reported that there was a noose in there. some have said that the cord was made up of a noose. the fbi cleared nascar. with that being the case he is simply speaking to his base. i do think the confederate flag should be banned 100%. neil: the fact that the president of the united states doesn't think it should, and i'm not making assumption as others have, the president's a racist for espousing that, but does that bother you on any level?
12:17 pm
>> absolutely, absolutely. i've been bothered by a number of things that president trump has done, said or tweeted and i have made mention of that, either on our air here on fox business channel or on fox news channel or wherever else on social media. sew these conversations are continue to come forth but i unapologetically say in a piece i wrote this sunday published in the "new york post" and published on foxnews.com, to i encourage folks to read it, he has done for african-americans from a policy perspective than any president in my lifetime. democrats have a steep price to pay. despite president trump's actions, what he tweets, white supremacist video he said he didn't hear i have to be honest with our viewers, he has been the most impactful from a policy standpoint. the issue he really has, he lacks empathy at times. that is what americans are looking for. they're look forge a president
12:18 pm
that has empathy. that is one of his failures dealing with the american people. that present as real and true problem for this president. neil: all right. gianno, always good catching up with you, my friend. i appreciate your blunt answers. you call them as you see them. people can respect that. gee ahn gianno caldwell, best-selling author. fox news analyst. the market is up 3320 points. a lot of this on easing covid-19 concerns. i stress a lot of it has to do with economic developments. we'll explore a little later. there is concern how you can covid-19 proof yourself. one hotel will be dedicated to that exclusively after this. hi, i'm pat and i'm 75 years old.
12:19 pm
we live in the mountains so i like to walk. i'm really busy in my life; i'm always doing something. i'm not a person that's going to sit too long. in the morning, i wake up and the first thing i do is go to my art studio. a couple came up and handed me a brochure on prevagen. i've been taking prevagen for about four years. i feel a little bit brighter and my mind just feels sharper. i would recommend it to anyone. it absolutely works. prevagen. healthier brain. better life.
12:22 pm
12:23 pm
far between, david boies's law firm, received a paycheck protection loan between five million and $10 million. this is according to some treasury and sba documents. they were releasing a lot of info to report on those that got these monies. that will get some hackles here, this is fairly successful firm. david boies arguably one of the country's most successful, if not brilliant lawyers, benefiting with up to five to 10 million-dollar treasury sponsored loan as a result of this ppp program. so that will come up no doubt when they sort through all of those moneys that were given out. we'll keep on top of that. keeping on corner of wall and broad, better than 316 point advance on the dow. s&p not far from record territory. a lot of covid-19 fears have eased a little bit. a guy who hopes to take that to the next level, ease your anxiety when you want to stay at a hotel, you're concerned about
12:24 pm
such things, he is the paramount miami world center ceo developer. he has a building, hotel residents combination therein that is as close to being covid-19 proof as you can get. he joins us right now. daniel, thank you for coming. >> thank you for having me. neil: so how are you different than some traditional high-rise hotels and the rest? what are you doing that maybe some of them are only starting to do? what distinguishes you? >> well, first of all, i want to talk to you a little bit about miami and miami worldcenter. this project we're talking about is in the center of miami worldcenter. miami world spec center is master planned project downtown miami, 27-acres. 10 blocks. five blocks of retail. this is major mixed use project. the second largest your been development in the country. this is where the bright line
12:25 pm
train station, which is the virgin train station, connects you to all major cities and miami, the american airlines arena and performing arts center, this is a major mixed use project. legacy is a 55-story tower t has a residential component, a hotel component. what makes it really creative it has a medical center. this was planned pre-covid but we added the medical center to the project and so it's, this is the first of its kind where you have residences, hotel, restaurants, lounges, and then medical, wellness and diagnostics really under one roof for both residences and hotels. neil: normally that could be a breeding ground too for trouble but you tried to address that by doing what? what is going to distinguish that? >> so, so what we did was, because of we have a medical center we started looking at what's within the medical center that we could expand throughout
12:26 pm
the rest of the complex? so we looked at robotic sanitation for instance. this is something we can expand throughout. uv rays. everything that you see in hospitals or medical centers now get expanded through the residences and hotel. antimicrobial materials throughout the hotel. we looked at ventilation systems. increasing ventilation pureification systems throughout the hotel. voice activation in the elevators. voice activation into access doors and so forth. it is creating this covid-free lifestyle in future pandemics you can in essence shelter in place at a residence or hotel. you have a medical center downstairs. you have a pharmacy, food service coming to your place. you have doctors, nurses, access where we can separate folks end up catching a virus. we have separate elevators, separate hallways to access
12:27 pm
different rooms and so forth. so it really creates an area where in future pandemic this is could really be a destination a place that stays open and actually active and operational. neil: i think you started something here, daniel. we'll watch it very closely. thank you very much continued good health. miami worldcenter ceo, developer, something under one roof you might be looking at at safe sort of covid-19 restreet or at least something that can resist it. in the meantime we're getting more details from the trump administration officially releasing most of the paycheck protection borrowers. they argued it added, the program has added about 51 million jobs but in so doing it is also releasing the names of hundreds of thousands of businesses that took money from this aid program, including a number of fairly well-heeled individuals and firms including
12:28 pm
david boies' law firm. that did raise eyebrows. no way in fact that guy and his firm needed the money. we're getting more details. you know our own edward lawrence is sort of crunching the numbers and participants and the players. we'll go to him a little bit. all in all, the administration is saying even for those who might have mistakenly got the dough, those and many more have benefited than those who have not. we'll update you on that. we'll also update you on the rush to change a certain professional football team's name. maybe this fall it weren't be hail to the redskins. maybe it will be hail to something else. or there could be hell to pay. see what i did there? there could be hail, after this.
12:30 pm
12:33 pm
redskins he has been under enormous pressure to change the name that it was offensive to native americans, that it was offensive in this day and age. he resisted that. he might not be resisting much longer right now ever since the tragic death of floyd floyd of this nationwide movement to address controversial names on this. hillary vaughn on the back and forth where it is going. hillary what are we hearing? reporter: the owner says they will be reviewing the name for the washington redskins and now has had a change of heart and opening maybe switching to an alternative name but change of the name of the washington redskins may not come down to politics but instead dollars and cents. the cost of reef branding for the $3.4 billion organizations with new merchandise, signage, training facility and the stadium could cost several million dollars. the risk of a fan boycott of the new name could put the 78 the team brought in ticket sales last year in jeopardy but cost
12:34 pm
of not doing anything could be even greater if the team's corporate sponsors walk away. pepsico, bank of america, federal express, pressured by shareholders worth collective $620 million. they pressured the to terminate ties to the team unless they get rid of the redskin name. sponsors support a name change. nike removed redskins gear from their online store on thursday. fedex paid 205 until dollars for the naming rights, told the team it is time too change the name. "the washington post" reports three minority owners of the washington redskins are looking to sell their stakes in the nfl franchise, rob better reith man, dwight schar and fred smith
12:35 pm
hired a firm to look for potential sale. one of the names getting support from the team's quarterback is the washington red tails. neil? neil: the washington red tails? reporter: the washington red tails, yep. neil: okay. thank you very, very much for that update. hillary vaughn on all of that. we'll monitor all of this. you have to wonder too about the kansas city chiefs, baseball, atlanta braves, cleveland indians, on and on. we'll monitor this. we'll energy reaction that warren buffett is buying assets of dominion energy. that is a $10 billion deal. he is loosening the purse strings to do all of this. let's get the latest on it from phil flynn. that is an interesting development that is not really noticeably benefited natural gas and or certainly dominion. what do you make of it? >> warren buffett proves the
12:36 pm
best time to buy is blood on the streets. if you look at the global map for ---neil. prices are low. there is oversupply but warren buffett -- energy future is going to be natural gas. i have mean that is going to be the future in a world where we're concerned about global warming, we're concerned about climate change. natural gas is that bridge fuel that will get us to the nexentry. we can talk a lot about other energy resources across the board. the only one really viable to replace some of the dirtier burning energy sources is natural gas and that is a big deal. but, at the same time, it comes on a bad day for pipelines, neil. dominion sold their assets because they threw up their hands because they couldn't get approval of the atlantic pipeline. now we're getting a report, that the dakota pipeline is getting shut down and having to drain. so -- [inaudible]. for u.s. energy security because
12:37 pm
this ultimately is going to hurt us in the long run. but in the short run it is is good day for environmentalists. they're winning. energy security -- [inaudible] neil. neil: all right. phil, sorry we had some audio issues with you, my friend. i got the gist of it. this could be the start of something big but bigger environmental concerns will limit how big it gets. phil flynn, price futures group senior analyst. much more to us at fox taking a look at the energy industry. we have a lot more to talk about. the washington redskins changing their name and how about the new york mets changing ownership sooner than you think? charlie gasparino on that after this. this is decision tech.
12:38 pm
find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. once-weekly trulicity is for type 2 diabetes. it's not insulin. it starts acting from the first dose. and it lowers risk of heart attack, stroke, or death in people with known heart disease or multiple risk factors. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy.
12:39 pm
serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. we're committed to helping ensure trulicity is available and affordable. learn more at trulicity.com.
12:42 pm
♪. neil: some sad news i want to pass along. the country music legend charlie daniels has died. he died after stroke over the weekend. he was 83 years old. of course best known for the definitely went down to georgia, country music hall of fame, grand ole opry winner. i was always touched by his humanity. there was a point we had him many times as a guest of fox news marveled at size of my head and his. he said he won by half an inch and to prove the point he let me put on his famous hat. and actually, got one for me to point out my head is bigger than yours. it was a subset of a story and a storied career where his
12:43 pm
elegance and decency to all around him never would anger, never with malice, always with a good song in his heart and going geir just, up laugh and you can could hear him a mile away. charlie daniels, at 83 has left this planet and he will be missed. we're following those developments, get. >> a few more details into his career later in the show. i want to go to charlie gas. we were talking a little earlier about the washington redskins addressing a change to their name. how about a outright change of ownership of the new york mets? he has been following this back and forth on a possible mets sale. charlie, what are you hearing? >> as we reported last week, neil, the initial bids for the mets, and the bid something being conducted by allen and company, commence on july 9th. it is a very soft date. it is the initial bids. i can't imagine someone put a lot of money on july 10th,
12:44 pm
that they won't accept it. that is how you do the bidding processes, so you set certain deadlines to try to drum up interests. we understand there is three or four people interested. the initial indications, so now we're talking now as to when the bids are delivered, we understand that they appear pretty weak. there are less than the $2 billion that the wilpons want or essentially need to sell the mets for and what baseball wants. baseball wants the mets to sell for two billion dollars. it's a major market team. if they sell a lot less than two billion dollars, that takes down the value of all the other teams given where the mets play. some of the problems, the wilpons have, the mets are losing money. they have a lot of debt on the books. this sale does not include what is essentially a sports network attached to the mets, i think it is called sports ny. the wilpons are in a little bit of pickle. as you know they lost a lot of
12:45 pm
money on the bernie madoff scandal. what we're hering initial indications from the bidders is pretty weak and they're below two billion. if it is below two billion it is unclear they will sell. it is unlikely they will sell if it is below two billion. here are the bidders we understand likely to put, likely to show up on thursday when this thing happens. alex rodriguez group with j.lo and vincent viola. vincent viola former head of new york mehc. joining with a-rod group likely to bid. we understand a company called harris blitzer sports. josh harris is a major private equity executive. he is one of the founders of apollo. we'll have more later on claman another thing josh harris will do. we understand he is interested, so he may be. the ruben brothers, big real
12:46 pm
estate firm, canadian real estate firm. they're interested. steve cohen from what i understand will not put in a first round bid. so he may do later but he ain't doing it now from what i understand. so again, the mets have a pickle on their hands. they need to sell. the wilpons need to sell. there is another part another called saul katz wants to retire and sell. the wilpons indicated they need to sell. if you don't get this number above two billion, i doubt they will and right now, at least the indications neil, is that the new york mets are selling for less than two billion. just for a little retrospective here, i believe jeter, derek jeter put together a group that bought the marlins, which is a smaller market, much smaller market, in miami, a couple years ago for $1.2 billion. i covered that a lot. think about that. the mets are not selling for much more than that.
12:47 pm
that may be a function of the fact they're losing money. they're the second team in new york where we have a shortened season because of covid. it tells you, gives you an indication how difficult it is to sell this franchise. neil, back to you. neil: charlie, thank you very much. charlie was mentioning derek jeter and of course the marlins. speak of florida, we're monitoring very closely the florida governor ron desantis, speaking on measures that have been taken in that state to control a serious spike in cases although it dipped in the latest overnight numbers. tampa icus are near maximum levels. we have gotten reports out of miami they will consider more beach restrictions, again keeping those beaches closed through the july 4th weekend. that will continue. he is also saying that now there is nothing planned beyond that or reversal of restrictions that have already been eased. the extent would be closing down bars that are serving alcohol. the bars themselves can remain
12:48 pm
open to serve other things but just not in the case of alcohol. so very different than what's going on in texas right now where they shut down the bars entirely. so we'll monitor this for you. let you know what is coming up in the sunshine state. much more going with us, passing along the saddest news today of the death of country singer charlie daniels at 83 from a stroke. so many memories coming to us. we'll look back at the career and his influence right after this no matter what challenges life throws at you, we're always here to help with fast response and great service and it doesn't stop there we're also here to help look ahead that's why we're helping members catch up by spreading any missed usaa insurance payments over the next twelve months so you can keep more cash in your pockets for when it matters most and that's just one of the many ways we're here
12:50 pm
to help the military community yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today.
12:52 pm
♪. neil: you know, the iconic "hamilton" broadway show was one of the tougher tickets to get in this country. disney democratizing the process this weekend allowing people on its streaming service to download it. apparently millions did. we don't have the exact number t raised a counterissue, to cancel
12:53 pm
"hamilton" on the streaming service for his role in the slave trade. the popular show, turned out book, "hamilton" played a very early role advocating against slavery, trying to rid slavery of it, developing a treasury standard that would include african-americans. at the time a wild thought. that was then. this is now and, whatever fault of the times which he lived, there is a push now against disney to stop streaming the "hamilton" broadway show, arguably one of the most successful broadway shows in broadway history and one famous for doing something very unusual, taking a look at history and making it riveting, like kids were riveted by the show. the songs and everything else, it lived true to form for those that wanted to stream it, not quite like being there in person. but for a lot of people that couldn't get the chance, the opportunity was there. so what do you make after group effort right now to cancel it now to prevent anyone else from
12:54 pm
getting the same opportunity? jonathan hoenig, this, this sounds crazy, it just sounds crazy. >> neil, look, this is obviously a very sensitive subject. people are very passionate about it, but as you said, the great thing about "hamilton" it is a modern-day look at american history. the history, neil, is pretty clear. before america, i mean, slavery was everywhere. slavery had existed basically since the beginning of time. the romans, it is in the bible. of course it was present at america's start. but the idea of america, neil, the foundational ideas of this country set the stage for slavery's eradication here in america and around the world. those ideas that all men are created equal. inailable rights, life, liberty, pursuit of happiness. we fought a war,hundred thousand americans were killed -- 700,000 americans were killed.
12:55 pm
ideas of capitalism, anti-slavery, "hamilton" celebrates. they're being asked to can sell "hamilton," can sells these types of issues. i think that is not the issue. keep ideas of america treat people based not on something insignificant as the color of their skin but on their ideas, their character, and their ability. that i think is ultimately what america is all about. i think it is best that is what "hamilton" celebrates. neil: you know, you can't obliterate the past around times which they lived. how different is this from what's going on in hong kong right now where chinese authorities are taking books away, especially those books written by those in the independence movement? >> yeah. i mean, neil, tremendously -- it is a famous quote, but those who don't learn from history are doomed to repeat it. we see it unfortunately repeating here in america and all over the world. so those who are critical of america's role, if you will in
12:56 pm
slavery, i think have to once again neil, look at it, in some semblance of context. america was a country that came along and ultimately because of those foundational principles eradicated slavery. there is a quote i like, i think that really sums up this country at its best, there is only one race, the human race. america and american ideals here at home around the world exemplify very much that principle. neil: thank you, jonathan hoenig, very, very much. i'm not meaning to belabor the "hamilton" statement and the past which he lived, many of his colleagues were slave owners themselves, but his statement on minorities repressed to say we can do better than adhere to a system that allows the black man mo rights, no opportunities, no anything. we're better than that. we'll have more after this. ♪ rig platform worked like that. well have you tried thinkorswim?
12:57 pm
this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪
12:58 pm
i was blessed to be part of building one of the greatest game shows in history. during that time, we handed out millions of dollars to thousands of contestants. and i thought, what if we paid the contestants their winnings in gold instead of cash and prizes? back in 1976, we had a wonderful contestant named lee 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
12:59 pm
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 should be an important part of your portfolio, pick up the phone and call to receive the "complete guide to buying gold," which will provide you important, never-seen-before facts and information you should know about making gold, silver, and platinum purchases. if you call right now, you can also receive a copy of our new u.s. gold report for 2020.
1:00 pm
inside, you'll find the top 25 reasons why you need to start owning gold today. - with nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide, u.s. money reserve is one of the most dependable gold distributors in america. neil: all right. just a couple minutes away from kayleigh mcenany briefing. no doubt she will have some explaining to do from her boss over his attacking bubba wallace, the driver, saying that he should apologize to those who were defending him early on on this whole noose incident, and furthermore, went on to say that nascar made a big mistake when
1:01 pm
it dumped the confederate flag. lindsey graham has already come out to rebuke the president on that nascar attack line. kayleigh mcenany, of course, has already compared bubba wallace to jusse smollett, the african-american actor who may have staged a fake arrest and racial attack that never happened. but the timing of all of this probably not the best for the president who had been making in-roads on both the economy and the markets and some real dexterity on avoiding these type of pitfalls. karl roef wive with us now. i can't imagine the timing of this being any more problematic for the president, just as he is trying to get past all this, calls himself the law and order president, then all of a sudden, bemoan the loss of the confederate flag, passions be damned in the south and particularly among nascar fans. what do you make of it all? >> i make it as a central question for the president's
1:02 pm
re-election. is he going to show some discipline. this day could have been devoted to following on his july 4th speech. he could have, for example, mentioned senator duckworth who yesterday on one of the sunday talk programs suggested she was open to the idea of removing statues of george washington. he could have talked about christopher columbus and how the statues of columbus were being destroyed by mobs in baltimore and elsewhere. those would have been things that would have furthered what he said on saturday. but instead, we have him taking on the only african-american driver in nascar and seeming to support the retention of the confederate flag. even mississippi last week became the last state in the union to remove the confederate flag from its state flag and did so by an overwhelming vote in its legislature. a quick signature by the governor. what the president was doing today is beyond me. it was not advancing his cause. he has 120 some odd days between
1:03 pm
now and the election and what he tweets is going to determine what the message is of that day and that message is going to determine whether he advances his cause or hurts his cause, and i think today he hurt his cause with his tweet about bubba wallace and the confederate flag. neil: you know, karl, lindsey graham was on my colleague brian kilmeade's radio show and he said the same of nascar and removing the confederate flag, they are trying the grow the sport. if you are in the business the confederate flag is not a good way to grow your business. whatever people's views on this stub, i subject, i'm not trying to weigh into it here, i'm wondering whether it's appealing to his base and satisfying his base although i imagine among that base this might be deemed offensive, i'm wondering back to the argument for re-election is the base alone enough to give him the victory? >> there has never been a president who got re-elected whose base alone was sufficient
1:04 pm
to win. you had to, whether it's fdr in 1936 taking traditionally republican states, whether it is richard nixon in 1972, whinning traditionally democratic states, you win re-election by not simply appealing to the people that got you there in the first place because by and large, what happens with those people is most of them stick with you but enough of them flake off of you because of disappointment that you can't win by them alone. you need to grow your universe. look, the president has bubba. bubba is strongly in the president's camp. bubba ain't going to be going away. what the president needs to worry about are suburbanites and his vote among the african-american and latino communities which he has the capacity to grow because of what he's done on the economy. the thing that will cause him to lose support in those communities is if he seems to be taking on a popular figure in those communities for no good reason and what's going to hurt him in reaching suburban voters
1:05 pm
is if he doesn't seem to get there are things people are concerned about and they are not the confederate flag and an african-american driver in nascar. equating, with all due respect to the new white house press secretary, i hope she does not compare jussy smollett went out to make himself into a victim and bubba wallace who said my crew found, you know, what looks to be a noose in my work area and i'm concerned about it. they are entirely different situations. neil: yeah, i hear you. you are right about that. let me get your thoughts meanwhile on this latest development over the weekend that kanye west is entertaining a run for the white house. i was waiting for tweets from the president or those who support him to raise concerns, and when i didn't, i'm thinking maybe they argue it's in the president's interests to see if kanye divides the minority vote or anyway, what do you think?
1:06 pm
>> i think it's even more elemental to them than that. they know it's a fantastic absolutely irresistible idea for west to run for president but it's implausible. he can't be on the ballot in texas. you already had to file. he can't be on the ballot in half a dozen other major states. if he tried to run as an independent candidate, i bet you he doesn't get in on even a quarter of the states in the union and as a result, can't be a credible candidate. this is kanye thinking that sending out a tweet is the same as getting on the ballots and setting up a campaign. it is a laughable fantasy. it's just a joke. i'm glad the president didn't tweet about it. he has nothing to worry about. kanye west will not be on the ballots of major american states. i bet you a dime to a dollar he doesn't get on one state's ballot so forget about it. spend your time and energy and focus on something else. neil: what if the libertarians want to switch gears and make him their nominee, be on all 50 state ballots?
1:07 pm
>> the libertarians do crazy things but they're not even that crazy. no. they won't be doing that. please. the libertarians will say what do you think of this and what do you think about that and kanye is not deeply, you know, deeply read in the libertarian literature. he's not going to be particularly seriously libertarian enough for them to nominate. neil: do you think the president will have a tough time with the african-american vote? he had argued prior to obviously the virus that he had made tremendous inroads for african-americans both in employment levels, job gains, you know, salary gains. how do you think he would do this time versus last time? >> well, look, last time he got roughly 8% which is frankly what most republicans get, but yes, before this coronavirus came on, it was looking like particularly among younger african-american men that he had some real
1:08 pm
opportunities here. i think those opportunities are going to come back as the economy comes back and as the campaign heats up. i think the president, if he does things correctly, has the capacity to move his vote among the african-american community from 8% to 10% to 12% to 13% or 14%. that may not seem like much but think about this. think about michigan which he won by 11,000 votes. what happens if his support in the african-american community goes from 8% to 10% or 12%? that means his margin could conceivably be two or three times that. what's in wisconsin which he won by 25% votes. fewer african-american voters voted in milwaukee than previously. what happens if the president gets his number up even minimally? you see this in ohio in 2004. george w. bush got 8% of the africa chn-american vote in 200 he got 13% in 2004 and in battleground states like florida and ohio he got 16% of the african-american vote. that's huge impact on the bottom
1:09 pm
line which is why ohio was not close in 2000 -- not as close in 2004 as it had been in 2000 and florida was significantly better for the president in 2004 than in 2000. same thing could happen for president trump but he's got to stay focused on what moves those voters in his direction and again, back to where we started, it ain't going after bubba wallace and it ain't going in defense of the confederate flag. neil: well put. karl, thank you very much. love having you on. karl rove on all of that. we should also keep you posted on violence across the country. at least six major american cities, dozens killed over the course of a 48-hour span, places like new york and chicago and atlanta. i could go on and on. we have been following it very closely. matt? reporter: here in chicago, it was yet another deadly and violent 4th of july holiday weekend. this year, a 7-year-old girl and
1:10 pm
14-year-old boy were among the innocent victims. 14-year-old vernando jones was shot and killed on the city's south side on the 4th of july. he just graduated from eighth grade. also, 7-year-old natalia wallace was shot in the head and killed as she played with her siblings outside. here is her father. >> seeing my daughter on the table with a gunshot wound to the forehead, it hurts me that my youngest daughter is no longer here, that i would not be able to talk to her, hold her, tell her anything, bedtime stories, anything. reporter: this afternoon, the chicago police department reports over the holiday weekend, 14 people were murdered, 77 people were shot. these numbers are only from 6:00 p.m. friday to midnight last night so the tally of the full long holiday weekend is usually much higher and there is anger on the streets. >> if black lives don't matter to us, how in the hell is it
1:11 pm
supposed to matter to anybody else? that's what i want to know. reporter: and chicago's police superintendent is publicly slamming the people who he says are in charge of releasing repeat gun offenders. he is calling for stricter sentencing and overhauling of the city's whole monitoring system which he says is broken. neil? neil: thank you, my friend, very much. matt finn on all of that. meanwhile, taking your attention to washington. the supreme court weighing in on so-called faithless electors. in other words, for the electoral vote, all the electors which include a number of senators and representatives from each state vote in sync with the popular vote will of the people in that state. but many oftentimes go their own way. the supreme court effectively saying you can't do that. judge andrew napolitano with us to weigh in on all of this. judge, what do you think? >> well, good afternoon, neil. always a pleasure to be with you.
1:12 pm
this supreme court ruling on the so-called faithless electors only pertains to the states that tell the electors you must vote as promised. believe it or not, 40 states are silent on the issue and so an elector from a state like new jersey, where you and i live and vote, for example, if new jersey went for joe biden but this elector decided to vote for donald trump or donald duck, there would be no violation of any new jersey law and the supreme court opinion would be moot. but for the states involved in this particular case, one of which was colorado, there is a state statute saying if you promised to vote for a particular candidate, you have to fulfill that promise, otherwise we will kick you out and replace you with somebody who will fulfill the promise. neil: so let me ask you this. how did our forefathers intend for this to be used, that each state has obviously a number of
1:13 pm
electors, in the senate or the house, and they vote in sync with the popular vote will of the people in that state. now, it's rarely morphed from that, some of these other cases like colorado notwithstanding, maine, i think where you can have two different votes, but what was the intention of our founders? >> well, at the time that the constitution was ratified, and for the first 50 or 60 years, there was no popular vote. the decision was made by conventions and by consensus and often by the state legislature. that is probably what the intention of the framers was. madison was terribly fearful of a mob, that is, of somebody swaying the mob off their feet by being very eloquent and articulate and persuading the mob to vote for him, and he really was adamant about having these stopgaps in there that would prevent a popular passion,
1:14 pm
that was his phrase, from overtaking the vote. so when they signed the constitution and when it was ratified, two years later, they never imagined the type of popular elections that we have now. the last time the supreme court looked at this before today was a case you and i remember well, called bush versus gore, and this of course had to deal with the recount in florida. and in that case, the supreme court said look, the florida legislature can make up its own rules. it doesn't even have to have a popular vote. now, the supreme court today didn't reach that issue but that statement from bush versus gore is still the law so if a legislature of an american state wanted to take away the right of the people in that state to vote for electors for president and give it to itself, the legislature, it can do so under currently prevailing supreme court law. neil: that's wild.
1:15 pm
i know you knew about what our forefathers wanted because you were covering them at the time. i remember that very well. judge, always good seeing you. >> i knew jimmy madison and i loved -- go ahead. neil: i hear you. i hear you. thank you, my friend. great job, as always. judge andrew napolitano. on friday we have a goodie for you. hope you can stick around for it. taking a look at the economy, what's going on in the housing industry. barbara corcoran with us, much, much more. don't forget to watch us on friday with that. any questions you have, investedinyou@foxbusiness.com. be there for that. thursday, i should say. i said friday, didn't i? thursday. barbara corcoran. just over the weekend, got this horrific haircut. i'm dealing with a lot of issues. i apologize. thursday. just over a year ago,
1:18 pm
i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights to getting my money right. so thank you. ♪ so thank you. 49i found you! good job. now i'm gonna stay here and you go hide. watch your favorites from anywhere in the house with the xfinity stream app. free with your xfinity service. now any room can be a tv room. stream live tv, on demand shows and movies even your dvr recordings. download the xfinity stream app today to stream the entertainment you love. xfinity. the future of awesome.
1:19 pm
neil: all right. all the markets are up today but it's the nasdaq that is easily at yet another record today, up almost [ inaudible ]. anything technology is doing just golden and is lifting the dow, lifting the s&p 500. those two are getting closer and closer to record territories. we will be monitoring that. all sectors going along for the ride and airlines, i hope you are catching this, airlines
1:20 pm
might be a big reason. the fact that their business has picked up and they had a better than expected 4th of july weekend, not like they did a year ago but much better than people thought they would be looking at now. kristina partsinevelos following all of that right now from laguardia airport. kristina? kristina: neil, like you said, july 4th is definitely a test, crucial test for airlines to gauge consumer demand and concerns. i'm at laguardia. i have to say right now there's been a steady flow of traffic but never more than a dozen people just behind me trying to check in. overall, the latest data shows that yes, we did see a travel bump, a small travel bump but a bump nonetheless. the numbers show for thursday, actually, we had over 764,000 travelers, a drop of 64% compared to last year so much worse but that number is still the best number that we have seen in the past four months. that's because right now, a lot of airlines are deciding we are going to go through and operate at full capacity.
1:21 pm
i'm in front of american airlines. united, both of them say they are selling all the tickets on their planes including the middle seat, if you want to get off the plane because it's completely filled, then you are allowed to shift to another plane that is not as filled. meanwhile, delta, southwest and jetblue say they are going to continue to block out the middle seat or keep their planes only at two-thirds capacity. the reason why united and american say they are going ahead and selling all the tickets is they say social distancing is not possible on planes and no matter where you sit, you are going to be within six feet of another person. over the weekend, though, on friday, we did have one passenger from spirit airlines that was removed for not wearing a mask. we see that everybody in this laguardia airport and on planes are required to wear masks and that's going to be something we will see more and more. a similar situation happening with american airlines. last but not least, you also had delta that threatened passengers if they don't wear a mask, they may never be able to fly again.
1:22 pm
they may be put on a list. as air travel continues to be tested, there were five airlines, sky west, spirit, american airlines, hawaiian, frontier, that worked out a deal with the treasury department and are going to get a massive federal loan. don't know the exact amount but expect to the tune of billions of dollars and this comes as airlines want to see sales return to pre-covid levels. for now, as we know, a lot of people are still hesitant and scared to get on those planes. back to you. neil: all right. great report. kristina partsinevelos following all of our flying trends and what we have happening at laguardia international airport. we are following that. we are also following where things are going to go for schools this fall, let alone, you know, for those elementary schools and high schools. what about for colleges? still at this date we don't know how many are going to bite the bullet and commit to in-person classes. we do know that purdue was way ahead of the pack by saying
1:23 pm
yeah, we are going to do in-person and we are going to do everything carefully. the man who runs that university used to be top budget director of the governor of indiana. coming up. hey, can i... hold on one second... sure. okay... okay! safe drivers save 40%!!! 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. - hi! - hi. hey! - that's totally him. - it's him! that's totally the guy. safe drivers do save 40%. click or call for a quote today.
1:24 pm
1:27 pm
i raise horses and cattle. i think we tend to get into the fishing and hunting than a lot of people. neil: great seeing you again. thank you. i don't know how you put up with this noise. you often hear this, one of the nicest people in show business but charlie daniels really was. he died of a stroke this morning at 83 years young. obviously you know "the devil went down to georgia." i always found his collaborations noteworthy. for example, he played on three
1:28 pm
of bob dylan's albums. didn't even realize that. as well as wrote songs for or did recordings with ringo starr, leonard cohen, tammy wynet, many many others across the political spectrum. he started out as an outcast challenging the system to become one of the most patriotic entertainers of our time. a genuinely nice human being. we settled a score as to whose head was bigger and he assured me by no more than half an inch or so, his was but i could never wear his hat. i could never be in the same room as him and i was very honored not only the many times he showed up to be on my show and so many other shows, but he showed up at a book signing, waiting in line for me to stein sign a book for him. it was a long line and it was a nice day. it's not about you. charlie daniels gone at 83. we are following a couple
1:29 pm
other news developments. not only the smart runup we have had in stocks today, we are waiting for kayleigh mcenany to address the press. some controversy, she has to address her boss advocating nascar removing the confederate flag was a big mistake. and that a driver has been under enormous pressure owes nascar a lot over that whole noose incident. we will be monitoring that. in the meantime, i want to go to mitch daniels, president of purdue university. you remember the governor of indiana and very effectively budget director so he knows something about all these things we are discussing right now. governor, always good to have you. first off, on fall classes, are they on for in-person? >> they are on for in-person. i offer a personal note of sadness and tribute to charlie daniels, too. i knew him. i was always trying to find a
1:30 pm
family tie to him. unfortunately, there wasn't one. if i was to get up and walk literally 15 feet from here, there is a picture of the two of us in conversation at a 500 mile race a few years ago. he was a great american. everything you said about him was well deserved. neil: that's settled once and for all. there were no relations there. daniels and daniels, two different daniels? >> we are an immigrant family not related to anybody. i could never find the time to check, either. we will be in session in the fall. that is what our students overwhelmingly want. we knew this anyway but a survey of our student government found 80% to 90% really believing that some measure of in-person instruction is essential to their academic progress. we believe the same. so it's now clear that almost every school in america is going to make the attempt to come
1:31 pm
back, and to come back safely, and so we are all in this, all i think now converging on some similar tactics and techniques to protect vulnerable people in particular but that's our intention come late august. neil: all right. what arrangements are you making to spread the kids out? either in dorms or classroom settings? how are you handling it? >> yeah. everything is really about protecting particularly our faculty and staff, those that we now know could be more vulnerable to the virus, even in our young people. our classrooms will be limited to no more than half their usual occupancy so there will be plenty of distance there. everyone will be wearing a mask indoors and we are very serious about that. so there's such a high majority even of those we already know about, our students who have caught the virus, were
1:32 pm
asymptomatic or almost so, so it's a matter of them not innocently or unintentionally spreading it to someone else. in our residence halls, where about half our undergraduates live, we have reconfigured them. some of them were too small, will be singles instead of double rooms. those that are big enough, the beds will be at opposite ends. things that maximize distance and minimize the chance of the spread. but it will be a constant everyday effort for us all to take the precautions that will protect, as we say, protect yourself, protect your friends and neighbors, protect purdue as an institution. neil: you know, governor, if i can go back to washington developments right now, if you don't mind, lindsey graham has already come out to attack the president's attack on nascar, that it was regrettable that it removed the confederate flag and that bubba wallace, the
1:33 pm
african-american driver, owes nascar an apology. we are monitoring kayleigh mcenany's press briefing before reporters. but what do you think of that and the president's comments on the confederate flag, bubba wallace should apologize? what do you think? >> i think it's not a subject for me to get into. i think i understand the concern over symbols that raise unfortunate aspects of our past. whether this particular incident, i didn't follow it closely enough to know what the real facts were let alone who's right in this argument. i want to leave that to the disputants. neil: one of the reasons i mentioned, karl rove was here, and saying it's comments like these that stop the president from making progress on things over which he has much to brag, the improvement, the pickup of the economy, the comeback hopes, the virus shut-ins even with the
1:34 pm
spike in cases, what's happening now in the market and that stuff like this punctures that. what do you think? >> i just will say that i don't really have a point of view on that. i will say that whether we are talking about the economy or in my current preoccupation which is how to help students, thousands of them, pursue their education under conditions of safety, it's important, it's so easy, any of these disagreements or issues to count the cost of action and ignore the cost of inaction, and we have seen in the economic circumstance really tremendous cost, even loss of life, coming from some of the steps that have been taken, and we want to make sure that we keep some sort of balance when it comes to this fall on our campuses. i hope we can bring it off. i will just tell you at our school and others i'm aware of,
1:35 pm
everything that can be done will be done to protect everybody, up to and including, we will be announcing universal testing of our students before classes, before they are allowed to come to class. neil: all right. you certainly have your priorities right. thank you, governor, very very much. good catching up with you. mitch daniels, former indiana governor, president of purdue university. all right. i do want to dip in, if we can, to kayleigh mcenany right now, whether she's taking questions on the nascar stuff, the confederate flag stuff, comparing, you know, this driver to jussie smollett. let's listen. reporter: -- ratings are down because they banned the flag? that's what he said. >> the president was noting the fact in aggregate this notion that nascar men and women who have gone and are being demeaned and called racist and being accused in some venues of
1:36 pm
committing a hate crime against an individual, those allegations were just dead wrong. reporter: does he think his supporters should not take the flag to trump rallies if he considers banning the confederate flags? >> at trump rallies, all flags that are not official campaign gear are banned. reporter: why does it [ inaudible ] to apologize for reporting a noose he didn't report and never even saw? it was nascar that found this, that reported it, that even the fbi referred to it as a noose. even if they said it wasn't a specific crime against mr. wallace. why does the president even suggest mr. wallace should apologize? >> well, look, the fbi concluded this was not a hate crime and he believes it goes a long way, bubba came out and ajdz that as well -- reporter: he has. [ speaking simultaneously ] >> one of the things -- this is where the president comes from. this is where the president stands. he actually hinted at this in
1:37 pm
his july 4th speech. to those in the media who falsely and consistently label their opponents as racist who are good patriotic citizens who offer a clear defense of american unity, we want a clear and faithful defense of american history and unity and when you level false charges you not only slander me, you slander the american people. reporter: it was -- [ speaking simultaneously ] >> -- bubba wallace case and we shouldn't be so quick to jump on. those -- [ speaking simultaneously ] reporter: -- somehow he is suggesting he was possibly the victim of a hate crime? >> yes. reporter: the governor of south dakota flew back on air force one after having contact with somebody who had tested positive for the virus. why was that allowed to happen? did she have contact with the president on the trip back and has the president continued to
1:38 pm
test negative since that interaction? >> yes. the president is tested constantly, has kept it negative and those around him are tested as well. reporter: but why was, the original question is why was she allowed to fly on air force one with the president when it was known she had had contact with somebody who had tested positive for the virus? >> i would have to refer you to secret service on that but i will tell you this. they take the president's health very seriously. they would never put him in a situation that would put him in harm's way. reporter: just one followup, on executive orders, the president has set a brisk pace on those this year and as a candidate, he had been critical of president obama's executive orders. but he seems to have really stepped up the pace on these and i wanted to ask, what is the strategy behind issuing more than one a week so far this year? i know he's getting ready to issue more in the coming weeks.
1:39 pm
>> well, he will use the power in his executive toolkit to further the agenda of the american people. that's his intent with these executive orders and i would just note that with regard to the daca decision, the supreme court has suggested he has pretty wide discretion to act. reporter: with regard to the president's comments about the 99% harmless, does the president worry at all that by downplaying the severity of the virus that it will lead americans to be less careful? >> the president isn't downplaying the severity of the virus. what the president is noting is that at the height of this pandemic, we were at 2500 deaths per day. we are now at a place where on july 4th there were 254. that's a ten-fold decrease in mortality. on july 5, 209 individuals, down 23% from last sunday and the lowest sunday since march 28th. the president made clear we grieve when just one life is
1:40 pm
lost but he wants to note the progress that we have made in treating this very serious virus when we have therapeutics like convalescent plasma, remdesivir, dexamethasone. convalescent plasma in particular was spearheaded by this administration. he's pulled down bureaucracy and allowed us to get to a place where we can have this declining mortality rate. reporter: just to follow up on the nascar thing, you were saying we were taking the tweet out of context but this is what he tweeted. he says has bubba wallace apologized to all those great nascar drivers and officials who came to his aid, stood by his side and were willing to sacrifice everything for him only to find out that the whole thing was just another hoax. that flange decisiand flag deci caused lowest ratings ever. how are we misinterpreting that? >> i explained to you i guess the fourth attempt but we will try it again, in aggregate, what he was pointing out is this rush to judgment to immediately say that there is a hate crime as
1:41 pm
happened in this case, as happened with jussie smollett, as happened with the covington catholic boys in aggregate those actions made it seem like nascar men and women were racist individuals who were roving around and engaging in a hate crime. the president's intent was to say no, most american people are good, hard-working people, i mean, we should not have this rush to judgment knee-jerk reaction before the facts come out. the fbi did their job and determined there was no hate crime. reporter: hold on. hold on. i want to make one thing clear in your response. that's why i asked about it again. it follows up on paula's question. why should mr. wallace have to apologize for that when his whole team and all his colleagues came around him to show support? >> that's the best of america, is coming around when the media alleged a hate crime, coming around and supporting bubba wallace as they should have done. that shows how loving nascar fans are and the fellow drivers. it's important that we point out the fact that there was no hate crime, the fbi concluded that,
1:42 pm
president trump was merely saying that mr. wallace should agree with that consensus. reporter: he's saying he needs to apologize. that's what we're trying to ask you, kayleigh. why should he have to apologize about that? >> i'm not going to answer a question a sixth time. reporter: you have been asked it but you haven't answered it. reporter: on the confederate part, why would the president not praise nascar for removing the confederate flag, particularly given the history of that flag, the symbol that it has for african-americans and also what it represents in terms of just the treasonous act of insurrection against the republic? why would he not praise them for taking it down? >> the president takes great offense when americans are knee-jerk reaction, summed up as racist and in aggregate, the picture being painted here in this instance -- incident seemed to be there was that suggestion there when in fact, what we are seeing across the nation is -- neil: we are following this but
1:43 pm
i really have to get back here. the president did accuse bubba wallace of not apologizing, should apologize over his view on the noose, even though the fbi and others said that it wasn't a noose or racial incident, bubba wallace feels differently and appreciates the support from those around him. the administration did say that it was against -- i'm sorry, questioning nascar for removing the confederate flag. so that was not made-up stuff. that was not pretend news. the president also did say 99% of the virus cases we're seeing right now are harmless. but the number doesn't even jive with the death rate which is 5.5% and hundreds of thousands of others who have been put in hospitals or icu centers, that's another 10%. so assuming that harmless means you are not in a hospital and harmless means you don't die, that's close to 15%.
1:44 pm
those are the facts. whether you like them or not. more after this. turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ [ind(mom)ct radio chatter] come on, hurry up! all systems go? (mission control) 5 4 3 2... ignition and liftoff.
1:46 pm
about medicare and 65, ysupplemental insurance. medicare is great, but it doesn't cover everything - only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: to help pay for some of what medicare doesn't. learn how an aarp medicare supplement insurance plan, insured by united healthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call today to request yours. so what makes an aarp medicare supplement plan unique? e thonth, e ar lydimere smepl supen spl ssn anannd sce.o b'sseecheecmey are y rply higy stigh daansrdrd .. yoyou'ls agetting ine eeagr
1:47 pm
foexplamite,e,mee,cameecmey are y rpcappcameppca pntnederdrd accts medicarartients.en doctdo or hospitalsp n en visen v a specialiscit.al with this type of plan, there are no networks or referrals needed. also, a medicare supplement plan goes with you when you travel anywhere in the u.s. a free decision guide will provide a breakdown of aarp medicare supplement plans, and help you determine the plan that works best for your needs and budget. call today to request yours. let's recap. there are 3 key things you should keep in mind. one: if you're turning 65, you may be eligible for medicare - but it only covers about 80% of your medicare part b costs. a medicare supplement plan may help pay for some of the rest. two: this type of plan allows you to keep your doctor - as long as he or she accepts medicare patients. and three: these are the only medicare supplement plans endorsed by aarp.
1:48 pm
learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. neil: all right. have i be i have been monitoring kayleigh mcenany's remarks here and we are just calling balls and strikes on the facts here. the media she said did not make the comparison to bubba wallace and jussie smollett. she did. the media did not say it was a statement having nothing to do with the confederate flag, the president made it a statement on the confederate flag when he chastised nascar for getting rid of it. he was the one who also said bubba wallace should apologize over the whole incident since the so-called noose was repudiated to be nothing more than a finding that had nothing to do with racism, but try telling this african-american driver not to worry.
1:49 pm
bubba wallace has not apologized and i don't think he's going to be taking any advice from the white house to apologize. furthermore, lindsey graham, a republican senator from south carolina, telling our brian kilmeade a little while ago that the president's nascar attack and his attack on bubba wallace warrants an apology on anyone's behalf. another number we wanted to check and make sure you were given the right information is this notion that the president was saying that 99% of coronavirus cases now are totally harmless. we should stipulate here that hospitalization rates for those with respiratory issues, for example, 8.7%. if you add up the 2.7 million known cases and a 5% death rate and a 10% hospitalization rate, you are at least, at least at 15% to 20% cases that would be deemed not harmless, and that
1:50 pm
includes those, a small percentage close to 5%, who died. those are the numbers. those are the accurate numbers. just wanted you to know that. in the meantime, we are following other developments at the corner of wall and broad. 377-point surge in the dow, optimism about people traveling again and dare i say, maybe looking to buy cars again. a little too soon to tell on that front. jeff flock following it all in chesterton, indiana. hey, jeff. reporter: neil, it is just that kind of conflict that you are talking about, whether it's the coronavirus or whether it's something to do with, you know, protests going on that make people feel uncertain about the future and put a chilling effect on their desire to buy cars, like this $38,000 ford f-150. well, auto makers are trying to do something about that says if buy a new vehicle from ford, and you lose your job, we will take
1:51 pm
the car back from you, we won't charge you any extra money, we will eat the difference in cost. there is fine print. take a look at it. ford promise, is called the program. june 26 to september 30th. any sale before september 30th of a fairly new car, 2019, 2020, 2021, you got to buy it from a ford dealer, you have to finance it through ford motor credit, but if you then lose your job and you get unemployment, you have to prove you actually lost your job, they will take the car back. as long as you haven't wrecked it or done something weird to it, spray painted it or something, and so they hope this will make people feel a little bit better about the uncertainty out there, okay, if i do get the gate, you know, television news, you never know when you will be out of a job. i know you don't have to worry about this but some of us do so it takes a little bit of the concern out of that. despite that, i tell you, q2 has been awful. take a look at the numbers. the guys that sell the most cars
1:52 pm
in the u.s. down well over 30%, led by fiat chrysler, toyota, gm. ford was down 33%, too, in addition to all those guys. here's the silver lining, if i can have any for you. that is the retail sales weren't down as much for all these auto makers. it was the fleet sales and you know, rental car buys, rental car companies are not buying new cars so that's had a chilling effect, too. the smallest losers, if you will, in terms of auto sales are companies like mazda, volvo and subaru. mazda only down 10%, subaru down 25%. but that was good, as good as it got. anyway, buy yourself a ford. i always do because it's all i can afford. neil? neil: they are good cars. you are a good guy. jeff flock, thank you very very much. jeff flock following all of that. there is hope that a lot of these car related american truck sales, they might have been late to the recovery party but they
1:53 pm
could be coming anyway. all right. kayleigh mcenany's presser has ended. the back-and-forth on this comes at a time, for example, on the coronavirus case situation, whether the cdc is on board with some of the numbers the president has been mentioning, a number of top officials here have not squared with that 99% figure that these are generally relatively harmless cases. anyway, jonathan serrie in cdc land, atlanta, with the very very latest. reporter: we are watching multiple hot spots, particularly in the u.s. sun belt. one of those hot spots is arizona, which is reporting an increase in hospitalizations over the past week and in fact, over the weekend, arizona recorded that icu bed capacity had reached 89%. to maintain its progress in controlling the pandemic, new york city is entering its phase three of reopening today without resuming indoor restaurant dining. according to the "new york
1:54 pm
times" new covid-19 cases increased 89% over the past two weeks but deaths decreased by 19%. part of this could be that younger healthier patients account for a large part of the new surge but experts caution death is a lagging indicator since many fatalities occur a week or even more after hospitalization. >> we are seeing increases in hospitalization so i worry we are going to see an increase in deaths. second, we are getting better at treating the disease. so we may have somebody who spends two or three weeks in the icu and walks out. they are still going to be pretty sick with a lot of suffering but less likely to die. reporter: over the weekend, the world health organization announced it's discontinuing clinical trials of the drug hydroxy chloroquine as a potential treatment for covid-19 in hospitalized patients. the w.h.o. says interim results showed little to no reduction in mortality and raised some safety concerns. however, this decision does not affect ongoing clinical trials
1:55 pm
involving covid-19 patients outside of the hospital as well as trials to see if these drugs can help prevent covid-19 symptoms in otherwise healthy people who have not yet been infected. back to you. neil: thank you, my friend, very very much. we are following other developments, too, not just the controversy on the coronavirus cases, the confederate flag, we could keep busy for hours doing that. i want to alert you right now the washington redskins that are now looking very seriously at maybe cutting that name. stores like walmart could force the issue, removing all redskins paraphernalia, clothing, all of that, waiting to see action on the part of the team but not before removing the goods all together. stay with us. there seems to be a massive disconnect between... ...what's going on in corporate america and what investors are believing
1:56 pm
is going on in corporate america. the message to you: don't trade because you think you're gonna to get rich quick. because you... and i'm an area manager here at amazon. when you walk into an amazon fulfillment center, it's like walking into the chocolate factory and you won a golden ticket. it's an amazing feeling. my three-year-old, when we get a box delivered, he gets excited. he screams, "mommy's work!" when the pandemic started, we started shipping out all the safety stuff that would keep the associates safe to all the other amazons. all of these are face masks, we've sent well over 10 million gloves. and this may look like a bottle of vodka. when we first got these, we were like whoa! [laughing] with this pandemic, safety is even more important because they're going home to babies, they're going home to grandparents. so, our responsibility is to make
1:57 pm
1:59 pm
♪. neil: they call this pressure on the washington redskins. target, walmart pulling any washington redskins merchandise from the online stores. as the team itself is debating whether to rename itself. economic pressure like this could do the job. we'll follow that closely. we're following what is happening in the real estate arena with a special virtual town hall this thursday on this fine network. barbara corcoran among my special guests what is hot and what's not.
2:00 pm
these days, swanky new york pads are not. anything outside of the city, in fact lots of cities, well they are. what is going on here? how long does it last and does the virus change the way we think about where we live? thursday we look forward to hearing from you. right now charles payne. hey, charles. charles: neil, thank you very much. can't wait for the special. we have something special. i'm charles payne and this is making money. nasdaq with another all-time high and the experts are perplexed. but this rally coincided with the wave of economic data coming in much better than expected. could now we see where too good news becomes bad news. we'll see. wave of violence in american cities this weekend. when can we have a honest discussion of this and why did they rip down the statue of frederick douglass? two biggest sports teams now seriously considering
236 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on