[closing bell rings] look at it, another record for the nasdaq. that will do it for "the claman countdown. ashley webster and jackie deangelis pick it up right now. ashley: cheryl casone thank you very much. cheryl. tech fueled rally indeed on wall street. stocks surging today on recovery optimism. vice president mike pence meets with the coronavirus task force at the white house today. i'm ashley webster in for connell mcshane. jackie: i'm jackie deangelis in for melissa francis. this is the 150th record close under president trump. let's bring in adam lashinsky, fortune executive editor, fox business contributor. always great to see you, adam.

there are two parts to the story here. the first is the spike in coronavirus cases which the market seems to be shrugging off. but the second part is stimulus, extension of the ppp program. which is more important right now. at least when it comes to investors. >> i think the shrugging off part is the most important. investors saying no matter what happens with the coronavirus we'll not go back into lockdown and number two, the ppp and other stimulus measures will over the past several months help dampen the blow let's say. jackie: right. sometimes the markets can be spot on sort of looking forward. you mentioned the fact they think no more shutdowns. we'll continue to recover. the economy is going to reopen slowly but surely. sometimes the markets will get it wrong. what if there is an unforeseen event here? what if the young people that are contracting the virus do

potentially spread it to the more vulnerable and older populations? what if the market is miscalculating adam? >> i don't think it is unforeseen event at all, that you're describing, jackie. it is a foreseen event and it is probably what es e is going to happen. the as you say the market on some days gets it right and on other days get it wrong. it is what it is. seems to me mortality rates will follow case rates and, maybe some things won't shut down but many, many things will. so i think we'll see days where the market doesn't have such a cup half full view as it has today. jackie: final question, real quick, look at the nasdaq, another record day. do you think tech has moved too far too fast? some investors are saying, you know, it is a little too hot? >> well on one hand, sure, the tech can't outrun the economy by, you know, it can't lap the

economy by too many laps. that said, these tech stocks are way better than the rest of the companies in the economy and so, it is not wrong that they're out ahead. it is just a question how much they should be out ahead by. jackie: think about a company like amazon that has done so well during the pandemic because it's been providing services to so many folks who need things. adam, stick around with us. ashley, over to you. ashley: jackie, thank you very much. time now to head over to edward lawrence at the white house for the very latest developments in washington. edward? reporter: you know the president, talk about coronavirus and vaccines the president says we'll have a vaccine long before the end of the year. the markets may have liked those comments here even though the white house is defending that comment even though the fda commissioner would not go that far in an interview. he would only say once the science permits it there will be a vaccine. there is positive news towards a

vaccine. president is saying 99% of the coronavirus cases are harmless. the white house backing up that statement. listen. >> the president was noting the fact that the vast majority of americans who contract coronavirus will come out on the other side of this. of course he takes this very seriously. of course no one wants to see anyone in this country contract covid. why the administration fought hard to make sure that is not the case with our historic response efforts. reporter: masks are part of it. the white house says masks will be handed out at the next campaign rally next saturday. on the payroll protection program, the white house says it was successful program. the press secretary will not say whether the president will push that as part of another round of stimulus. only that he wants to have payroll tax relief. >> ppp funding, they have done an extraordinary jobe with that. small businesses across the country have gotten it. we kept people on payrolls. we're very pleased with the progress that's been made there and the continuing functioning of the pp.

reporter: would he veto a bill that would not have the payroll tax relief in it? >> i don't want to set parameters or conditions. that will be up to the president when the bill arrives on his desk. reporter: there were dozens of questions in the briefing about the confederate flags and confederate stat tuesday at the end of briefing, there was not one question about dozens of deaths that happened across the nation in chicago, new york and elsewhere. ashley: edward, thank you very much. for the very latest details on the coronavirus pandemic, let's go to fox news's jonathan serrie who is in atlanta. jonathan? reporter: hi, there, ashley. we crunched the latest numbers coming out of johns hopkins university to get a picture what's happening with the new surge in coronavirus cases and what we found is the seven-day average of new cases increased 134% over the past month while deaths decreased 39% during that same period. what does that mean? experts say much of this is

because fatalities can lag more than a week after hospitalization but also patients getting infected in this second wave tend to be younger and doctors are improving their ability to care for hospitalized patients. florida set a record for new cases, 11458, over the 4th of july holiday. city of miami beach closed its beach to discourage crowds. neighboring, is asking to close gyms, short term rentals starting wednesday. texas question closed bars reported highest single increase on july 4, 2858 new cases. that is in a single day. new york city, once the epicenter of the outbreak is trying to maintain a downward trend by keeping restaurant dining rooms closed as the state or the city enters its phase three reopening today. >> we got so much data from around the country, indicating

indoor dining unfortunately became a real nexus for infection in a way that other types of, you know, economic activity weren't. reporter: over the weekend the world health organization announced discontinuing clinical trials of the drug hydroxychloroquine and lopinovier as treatment for hospitalized patient the. w.h.o. said interim results suggest that there may be safety concerns. they didn't really show any difference in mortality rates. ashley, back to you. ashley: no doubt, the cases are up. jackie, back over to you. >> blockbuster deal. uber is going to buy postmates for $2.65 billion in an all-stock deal. adam lashinsky is still with us. let's talk about this deal because uber went after grubhub t wasn't able to purchase that company and they wanted to make sure they were going to get postmates to fold that service

into uber eats. your thoughts? >> well, uber is sort of revolutionized the transportation world to create an verb, i will uber there but the uber-business collapsed with covid. it was never a moneymaker to begin with. a few years ago uber started to make food delivery from restaurants, that is known as uber eats. that is one thing that is eating right now. what we see with the failed grubhub acquisition and potentially successful postmates acquisition is uber more than doubling down on the one strategy that is providing growing revenues for the company right now. jackie: let's talk about the price tag for a second, 2.65 billion. it was higher, negotiations occurred over the weekend and it was reported last week and last week sources were telling me postmates said if it didn't get the dollar value it wanted it would go ahead with an ipo. but you look at a number like that, adam, in the kind of market we're in, in the

technology market that could be a little top heavy, you say investors are bitings here. uber was up 6% today. >> they're biting. to investors, investors are the hammer that everything looks like a nail and this nail here for uber is cost cutting. so by buying a company that has some presence, big presence in los angeles, one big american city, investors can see how uber can cut out another layer of their own administrative costs and be somewhat more efficient and they can translate that into a 6% gain on the stock price but you're, the way, your initial question is, is spot on. it is a very, very high price tag for a company that maybe could have gone public, maybe couldn't have. jackie: let's take a look at facebook, adam, because it is under fire. walgreens joining more than 500 companies to pull ads from the tech giant over its handling of hate speech. as ceo mark zuckerberg prepares

to meet with civil rights advocates behind the complaints tomorrow. you know, zuckerberg has been very strategic in this whole situation. maybe twitter being a little bit more proactive here. but perhaps his sitting back and being a little bit more cautious and hesitant to act, do you think it will cost facebook? >> i mean, it might. here's my guess. in the short term yes, in the long term no. i agree with you, he has been very strategic. i listened to some of these companies. i think the original rallying cry was we're going to, we're going to boycott facebook in july. when i heard that, i thought to myself, what do you mean in july? i mean the fact is facebook produces for these companies. this advertisi works. so my cynical prediction is that the advertisers will come back because it helps them do business. jackie: how much does it move forward the conversation, adam, how much control these companies should have? what they should be censoring, what they shouldn't be sensorring? are they social media companies.

are or are they tech companies? >> or publishers. jackie: right, publishers. >> i think it moves forward the conversation and this, you know, the conversation in washington where these, where the ceos will come and talk about it, it all moves it forward. my sort of question or challenge is, then what? we know nothing will happen in 2020. we have to wait to see what the congress and the white house look like in 2021. maybe something will happen. maybe they will even do a better job of screening the awful stuff off their platforms which broadcasters and publishers we understand today take care of because they have to. but maybe they won't. jackie: it will be interesting to see for sure. something very closely watched. adam, thank you so much. ashley. >> my pleasure, thank you. ashley: just another look at today's tech rally. amazon closing above $3,000 for the first time but microsoft, apple, tesla, having big days. netflix also hitting a new

record, yes, the nasdaq up 2.25%. that kind of day for big tech. all right, moving on, a nation on edge. vice president mike pence meeting right now with the coronavirus task force as local leaders grapple with a safe path forward. we'll have the very latest on the national strategy with the coronavirus. plus a possible break through drug. how one biotech company is leading the charge in the fight against covid-19, and what it could mean in the race for a cure. and the nfl under pressure. the washington redskins are considering a name change as a growing list of retailers pull the plug on the team's merchandise. stick around. 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%.

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♪. ashley: a coronavirus task force meeting is underway at this hour. vice president mike pence joining with other members to discuss the uptick in virus cases across the u.s. the administration insists there will be no mask mandate despite calls for a national strategy. take a listen. >> and yet when we look at masks and wearing of masks, that's done on a location basis, when you can't have social distancing but certainly a national mandate is not in order.

we're allowing our governors and our local mayors to weigh in on that. ashley: all right. here to discuss is dan henninger from "the wall street journal." dan, great to see you. you're also of course a fox news contributor, can't forget that. dan, i get the sense this will be a growing, growing issue for the democrats. cuomo blasting the president accusing him of enabling the virus, downplaying the threat of the virus, pointing to what they say should be a national strategy. what is your opinion on all of this? >> well, looks to me, ash, though it is going to center around the idea whether we need a quote, unquote, mandate to wear masks at the national level and, i mean, just think about it for two seconds and it's quite obvious a mandate would not be in the least bitten forcible. what police out there is supposed to run around chasing people who are or not wearing masks? it would same reason a lot of

the social distancing does. ash, there is a lot of public mistrust of authorities on the coronavirus. they keep getting mixed messages. it is not clear what people should do. partly that is because the coronavirus, the science itself is not well-understood and so the authorities have kind of defaulted to the most conservative points of view on this. and that with reopening is a point of view and a position that really has been breaking down. i think it has been difficult to convince people to do things like this. ashley: i think you're right. i want to pull back, just talk about the trump campaign in general. it was interesting, i was watching karl rove and he was saying, time for the trump many campaign to hit reset button. >> when you're in the barrel, a lot of bad press, polls are against you, you need to do something to move in a different direction. that is ma i mean by reset. ashley: is he right, dan? is this time for the trump

campaign to reassess and perhaps remessage? >> i don't know whether i go so far to say they need to reboot completely. i would like to emphasize two things. the country has just gone through an extraordinary period. first the pandemic, unlike anything in our lifetime, maybe going back to the polio epidemic back in the 1950s, and second the non-stop protests running for nearly five weeks now over the killing of george floyd. this has been a lot for the american public to absorb. i think people are looking for a period of stability now and normalcy and reset really has to be kind of in the heads of the american people. i thought the president made a very good start in this respect with that speech at mount rushmore where he pushed back against the politics of the left. talked eloquently about what the united states represents and that is an argument that i think could carry him pretty far into the election.

especially since the democrats and their standard-bearer, joe biden are indeed affiliated at least spiritually with what the protesters are demanding which is a complete revision of the american idea. ashley: yeah, the speech you talk of, the one "the new york times" called dark and divisive. talking to joe biden, he has been tweeting and writings op-eds, says hey, listen the president right now is derailed us from democracy. i'm going to transform this country. my first thought was, well you've been in politics here for more than 40 years, what exactly have you transformed up to now? what do you think, dan? >> yeah. that is really good question. i mean he has not been a major figure other than the fact he was a senator for a long time and then vice president. look, we're going to have the conventions. probably they will be virtual. there will be a lot of speeches. i don't think there is any doubt, most of the democrats

will be aligning themselves with the protests that have taken place, expressing a vision of america that i suspect a lot of americans don't share and then, joe biden himself, is going to have to appear at these conventions. he will have to campaign and indeed debate donald trump. if i had any advice for the president, it would be to let biden's behavior speak for itself. you do not have to take this guy down personally. he will do it to himself. the demeanor that the president showed and displayed at that mount rushmore speech was extraordinarily effective. i think that's kind of what the american people are looking for here over the next four months. ashley: i think you are right. dan henninger as always. great stuff, dan. thanks for joining us. jackie, back to you. >> good to be with you, ash. >> all right. a slow return to the skies. july 4th weekend setting a new travel record since the start of the pandemic but airlines are

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♪. jackie: a record number of travelers taking to the skies for the 4th of july holiday, the most since the pandemic began. some airlines are beginning to book full flights as they bounce back. kristina partsinevelos live from laguardia airport in queens, new york, with that story. kristina. reporter: gablingky, you're right, this past weekend was -- right now i will be honest we struggled toe even find one passenger for the tv shot because this airport is completely empty at the moment.

a lot of airlines are trying to insure that they're putting in safety protocols. i spoke to one traveler, said really, all boils down to one thing and that's money. listen in. >> all the airlines are trying to adhere to regulations and what not, when you physically get on the planes they're not sticking to the individual regulations. feels like they're looking out for their bottom dollar, rather than the safety of their patrons. reporter: we did see a little bit after travel bump this weekend. overall according to tsa this thursday, pretty much the start of the long holiday weekend. woe saw 764,000 people traveling, down 64% compared to last year. but, that is the highest number in the past four months. with the drop in demand it has been a four just hit to airlines across the country which is why five major airlines reached an agreement with the federal government to get a loan. american airlines is in the mix.

hawaiian, frontier. we don't know how much money they're getting but could be to the tune of billions of dollars. this comes as many airlines, standing in front of american, as an example, american, united, spirit, they're all operating at full capacity. but that means too, they will be selling that middle seat unfortunately. you can see here i will end here, some of the precautions, safety precautions have been put in place. plexiglass. everybody has to wear a mask. it is the new normal here at the airport. back to you guys. jackie: the new normal. kristina partsinevelos. thank you. ash. ashley: all right we have a "fox business alert" for you. georgia governor brian kemp declaring a state of emergency following a week of violence in atlanta. five people died, more than 30 people were wounded by gunfire over the holiday weekend. the governor's executive order authorizes activation of as many as 1000 georgia national guard troops. that is from the governor of georgia. all right. as coronavirus cases surge in

areas across the country one biotech company is beginning late-stage clinical trials of a covid antibody drug that just might prevent infection. we'll talk about that. plus sponsorship blowback is prompting one nfl franchise to rethink its team name. the world's most visited museum opening its doors after a nearly four-month closure. the louvre in paris implementing new safety and health restrictions including limiting visitor numbers through a reservation system and mandating face masks but it is open. we'll be right back. ♪ ♪ ♪

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the county marry viiv ad 10 p.m. curfew. movie theaters, bowling alleys, strip clubs no longer allowed to be open. starting this wednesday, a return to closings for restaurants. no more inside dining will be allowed after wednesday. only delivery and carry-out. three times this past week florida topped 10,000 new coronavirus cases in a day. all-time high on thursday followed by a new all-time high of 11 1/2 thousand on saturday. cases are up 134% but deaths are down 39%. here is a live look at clearwater beach, florida, which is west of tampa which was open all weekend t was open today. people are out on the sand but looking at least they are maintaining social distance for each other. new jersey's governor also now reporting the first rise in cases in that state in the past

10 weeks, blaming it on out-of-state travel. back to you. jackie: phil, thank you so much for that. ashley, we're seeing phase three of new york's reopening without indoor dining as well. ashley: we are as well, so tough for restaurants who are battling this pandemic and lockdown for so long. i'm talking of phase three. a phase three trial is about to begin. regeneron bringing, anti-viral, antibody cocktail they call it a mouthful, into the next phase of testing. the company is looking to enroll 2000 patients across the u.s. time now to bring in dr. nicole saphier, fox news contributor. doctor, thanks for joining us. now that we gotten to phase three on this, how encouraging is that? >> anytime you get to late faces, face phase two, phase three, that is encouraging that

some level of safety and it actually works. now matter putting it to the test with larger scale populations and they're trying to recruit 2000 people. the good news it is just not this one study. they're actually doing this antibody cocktail in four different populations. it is not people who are severely ill in the icu. they're looking at preventatives. with high-risk, with comorbidity, acting with covid to see if they can prevent them from getting infected. they're also looking at it from the treatment standpoint. those in the hospital and those with covid-19 but they're not in the hospital. they're looking at this from all realms. this is just not only as we move forward. people we know the far majority of people will require icu care. we need treatments going into the flu season, fall months, those with more mild some or prevent it all together to make sure they don't get get into the

hospital. i'm extremely optimistic about moving into phase three with the studies. i'm looking forward to the results. ashley: if you're encouraged i am. how far away from the vaccine, if we all take vaccine and move on with our lives, how far away are we do you think realistically? >> goodness, we have broken records in terms of getting vaccines to phase three trials. we have more companies looking for vaccines than any other time before but the truth is phase three trials can take anywhere from six months to four years so we don't know but it is certainly a race to get a vaccine, to get treatments and i can tell you they are going to continue to pushing forward to make sure we get these vaccines, get these treatments as soon as possible. is it realistic to think we'll have a vaccine by the end of summer? probably not. i would say early 2021. i am optimistic we'll have a lot more treatment options as we enter flu season.

ashley: as we wait for that doctor, we've had several reports on this show alone, we're seeing the spikes, and certainly in the sunbelt states but now even new jersey reporting an uptick. how concerned are you about these surges, these spikes in these cases? >> i'm definitely concerned. we're in the middle of a global pandemic right now. it is by no means over but i want to make one thing clear. if you think about new jersey, new york, where we were in march and april, very different when you're comparing numbers. we didn't have the amount of testing that we did. we were testing those that were symptomatic, those who were ill, those hospitalized. now they're testing seemingly healthy individuals which is why you're seeing so many positives. you're really getting an idea how much of this is this asymptomatic. some studies showing 30 to 40% of people are asymptomatic. yes that's true, that big portion of people won't get that ill with this virus but here's the problem, they are

contagious. they can transfer it to someone else. they can give it to their loved ones, their families, neighbors, colleagues. while the majority of people will be okay with covid-19 we want to continue to take care of those around us. we're all about community. all we have to do right now is lessen the spread while science catches up to give us those treatments, continue to protect the elderly which numbers show we're doing. the reason the deaths haven't caught up because the elderly, those with comorbidities are staying home. they learned what they can do to protect themselves. deaths tend to have a little bit of a lag, onetoe three weeks. possible we'll see increase next two or three weeks but i can only hope we continue in the downtrend. ashley: doctor, we have only 30 seconds do we have much better handle on covid-19? i know viruses can change and go in different directions. do you feel like the medical community has a good handle on this now?

we're closing in on a vaccine and eventually be able to move on to live with this? >> we're certainly going in the right direction. we are in a much better place than we were a few months ago. do we have a handle on the situation? that is very subjective term. we're very much better than we were couple months ago in terms of understanding this virus but a lot of work still needs to be done. ashley: as always, but great stuff. dr. nicole saphier, thank you so much for joining us. much appreciated. jackie. jackie: fighting for the fast lane, auto companies under pressure as the pan stem mick -- pan dem flick continues to hand. sales. we're live from a car dealer in indiana with the latest. cracking down on ride share safety. how one family is turning tragedy into a life-long mission to help others as a caricature artist,

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with details. jeff? reporter: i should have a good deal for you. you're hardest working man in television. i woke up this morning and you are still on. if you want to by this 44,000-dollar f-150. this wouldn't map to you, but if after you bought the car you got fired, ford will actually take it back. if the vehicle lost any value, which of course new vehicle would, they will eat it. take a look what is called ford promise this is a new program, just started, if you buy a car from ford before september 30th, it has to be fairly new car, 2019, 2020, 2021, if you get it from a dealer, finance it through ford, you lose your job, they will take it back up to total of lost value of $15,000, and it doesn't hurt your credit, no questions asked. no problem, of course unless you wreck the car. then you have got to get it

fixed. why? because auto sales in the dumper. look at q2. some of the biggest auto companies that sell the most cars in the u.s. had the worst sales declines, 30%, between 30 and 40% essentially for gm and fca, ford, about 33% and toyota. the only good news i have for you, ashley, is that, in terms of retail sales that is out here at the dealership. this is lake shore ford, in indiana, here in chesterton, indiana, retail didn't do as bad as fleet sales and sales to rental companies. you can imagine, nobody is renting cars right now. hertz is in bankruptcy. they're not buying cars from the big automakers. so they really got hit. retail a little bit better but they still need to do much better if they're going to make any money in 2020. join the club. ashley: long way to come back for sure. jeff, you're the hardest working

man in showbusiness. don't worry about that. thank you again from the ford dealership in chesterton, indiana. jackie, over to you. jackie: thanks, ash. one family is making it their life mission to educate young people on the importance of rideshare safety. one year ago their daughter samantha josephson was murdered after getting into a car she thought was her uber. here now with us, samantha's parents, seymour and marcy josephson, creators of, what's my name,.org. we have tracy breeden, head of uber global safety and gender-based violence programs. seymour, marcy, let me go ahead to start with you first, offer you my condolences. i remember reading about this last march. for any woman across the country that uses these rideshare services it was absolutely terrifying and heartbreaking at the same time. how are you able to go through this tragedy to try to get something positive out of it, to educate others?

>> thank you for having us, first. we, you know, we just knew what samantha would want and she was going to law school. she was going to go to law school to help others and, we, that is how we brought her up. that is her nature and, you know, when this happened we wanted to make sure this would never happen to anyone else. to go through this. this is, our worst nightmare. >> also, we had contact with a lot of different women from different colleges giving us their experiences, even older women, asking us, you know, for information so that it didn't happen to them also. jackie: either of you feel free to answer. i am wondering what uber's reaction was when you reached out to them to partner with them in this way? >> so we made contact through uber dealing with legislation

and they brought us to tracy and her team and, introduced us and we just started working from there. they knew that we wanted to make change. we're making change on the legislation and we wanted to make change in the habits and how, how the rides are, are taken and the technology and, that was, that was my mission. that is what i said in south carolina. that is what i said as an individual, that we wanted to make change. that is the purpose of the foundation was to make change. jackie: i will send it over to tracy, because i'm wondering how soon it was after samantha's death or other incidents occurred similar to this one uber realized it was time to take action? >> well, first and foremost i want to say it is an honor and privilege to be on here with marcy and seymour and what the foundation is doing is wonderful work to raise awareness about

rideshare safety but, you know, uber has been, actually sending messaging and doing awareness around this for some time, before the tragedy but i think what happened when the tragedy happened, it was horrific, for all of us. you know, we as personally how it impacted me as well as people i worked with. we knew that we needed to raise the bar. you know, we knew, hey, what more can we do in this space to help raise awareness around these fake rideshare drivers and what could we do? so we, after the tragedy we kicked off a campus safety initiative, partnering with the national crime prevention commission as well as iclea. international association of college law enforcement to get that message across to college age students. honestly it's a message for everyone. then we really worked to develop technology in this space too. we launched verify your ride

this last year where it provide as four digit code that a rider can provide to a driver to make sure they're getting in the right vehicle. so i think for us, what more can we do to partner with our community, to partner with folks like marcy and seymour, to raise awareness around rideshare safety. jackie: no, it's a very positive step in the right direction. marcy, seymour, i'm curious what your vision is for the future? how you plan to grow the foundation and what comes next? >> so our vision is really about, you know, about growing it. it is working with uber. it is working with other tnc companies, the rideshare industry, making its safer. there are a number of different companies out there, there is up to what, 18 different rideshare companies out there. so we want to work with everyone. we want to provide safety. we want to help get the message out there. we want to be able to work with different states. we work with new jersey. they have been great to us, from the governor to the attorney

general and the prosecutors, to the port authority of new york, new jersey. we're working with them. so we want to continue that, not just in new jersey but we want to make that all throughout the country. we want to make this worldwide. we want to take this as far as it can go and help as many people and have reminders and created safety avenue for everyone. jackie: absolutely. >> that is the vision. yeah. >> seymour, marcy, thank you so much for being with us. tracy, thank you as well. ashley, over to you. >> thank you. ashley: all right, jackie, thank you very much. the calls for change are apparently growing louder. the washington redskins could be sporting a new team name this fall. we are live from fedex field next with all the details. plus, don't forget this, our own neil cavuto will be joined by real estate icon barbara corcoran for an american together open house virtual town hall with special appearances by quicken liens ceo jay varner and

who have mainian who have mainian ara hovnanian. simply send us questions on facebook and instagram or email us at invested in you @foxbusiness.com. don't in this thursday. we'll be right back this is decision tech. 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.

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♪ ♪ ashley: rethinking the team name, that's for sure. the washington redskins are considering a change after backlash from multiple corporate sponsors. hillary vaughn is at fedex field with the details.

hillary? >> reporter: ashley, well, owner dan snyder has defied political pressure up until now to get rid of the word redskins in his team name, but all that could change as retailers are now ripping redskin merchandise off their store shelves, and corporate sponsors are getting skittish. a total makeover of the $3.4 billion organization with new merchandising, signage, updating training facilities in their stadium could cost up to $10 million according to an estimate from the branch consultant. but the cost of not doing anything could be even greater if the team's corporate sponsors walk away. pepsico, bank of america, nike and fedex all support the name change after facing pressure from investment firms and shareholders. redskins' coach ron rivera says the team could head into the 2020 season with a new name, and the quarterback, duane haskins, likes the new name washington red etails to honor the tuskegee

airmen, but fans need to get onboard, and the president tweeted this today: they name teams out of strength, not weakness. but now the washington redskins and cleveland indians look like they're going to be changing their names in order to be politically correct. the controversy also has team ownership shaken up to. "the washington post" reports that three minority owners including fed exceo fred smith are looking -- fedex ceo fred smith are looking to sell their stakes. walmart and nike have removed redskins gear from their online inventory x target is pulling it from their shelves too. ashley? ashley: very interesting. the washington redtails. i guess anything's better than the washington politicians. no one wants politicians as a a team name. all right, hillary vaughn at fedex field, thank you very much. certainly, we haven't heard the last of that story, that is for sure. all right, well, that does it

for jackie deangelis and i. thanks for joining us. "lou dobbs tonight" starts right now. ♪ ♪ lou: good evening, everybody. as the nation celebrated america's independence day, there was unspeakable violence in many of our cities all across this land. as most of us celebrated, the left and their mobs continued their assault on the american way of life and fellow americans. there is blood on the hands of the radical democrats, big business, wall street and the rinos, all of whom have been quick to support the city ran call mobs -- the tyrannical mobs and the organizations that helped to create them as they try to destroy much of our cities and work to erase our history and try to forever change the fabric