whereas in europe just not the case. [closing bell rings] companies with very low dividend yield. i think you ought to take a look there first. liz: yep. well we appreciate that perspective. nestle, zurich, insurance panned basf are your picks. the dow sure fumbled. still up eight points. that will do it for "the claman countdown. connell: that is what we call a major reversal. the dow losing steam in the final hour as california orders several industries to shut down indoor operations. that is effective immediately. we'll talk about that from all angles. welcome back, melissa. i'm connell mcshane. melissa: good to see you, i'm melissa francis. this is "after the bell." the major averages ending off the highs with the nasdaq snapping its three-day record streak at the close, erasing gains after hitting an all-time high earlier. we begin with fox business team coverage. blake burman at the white house. edward lawrence is in washington

we kick it off with blake and the latest from the mt.. reporter: melissa and connell, president trump has threatened to pull federal funding from schools should they not fully reopen in the coming weeks. the president would not go that far when he was asked about the situation out in los angeles and san diego, breaking news from this hour, when the president was asked about it moments ago over here at the white house. los angeles, los angeles the nation's second largest public school, there will be remote learning to start off the school year. this is part of the reaction from president trump, watch. >> we have to open the schools. we have to get them open. i think there is a lot of politics going along. think i they will do better if they keep the schools closed in the election. i don't think it will help them frankly. they feel that by keeping schools closed that that is a bd thing for the country. therefore that is good thing for them. reporter: the white house for the most part has spent the day trying to depict the relationship between the president and dr. anthony fauci

as one that is not frayed. the president gave this assessment of the government's top infectious diseases doctors earlier today. >> i have a very good relationship with dr. fauci. i have had for a long time, right from the beginning. i find him to be a very nice person. i don't always agree with him. i get along very well. reporter: there was much different tone from peter navarro. he did not hide his feelings when he came to dr. fauci. he navarro saying in part with a statement, dr. fauci has has good bedside manner with the public. i have ooh been wrong with everything i interacted with him on. if you can me if i listen to dr. fauci's device, only with caution. when president and kayleigh mcenany said earlier, she said fauci is one of many voices on the coronavirus task force, ends up making its way, up to the president. back to you. melissa: thank you so much, blake. connell.

connell: all right. in addition to everything blaked talked about, lockdown fears hitting wall street at the end of the day. california rolling back its reopening plan in a pretty big way. dr. lloyd mine are nor is our guest. he is the dean at stanford university's college of medicine. we're lucky toe have you, dr. minor. we were and will talk about some medical advances in the news driving markets earlier in the day. the fda fast tracking vaccine candidates, for example. but then late in the day gavin newsom, the governor of california comes out says pretty much all indoor operations, restaurants and many other businesses will now be shut down. you know, that will have an economic impact as you know. california is a big state with a huge economy. what about the science behind the decision, what do you make of it? >> well thank you, connell. good to be with you today. the science behind decisions being made by governmental

officials is still evolving. in california, we started to reopen businesses, entertainment facilities as you just said a few weeks ago and now we're seeing a surge in cases. i think actions being taken by governmental officials like governor newsom reflect a need to protect the public. we're learning in real time. we'll have to watch to see what effects these most recent closures will have on the number of new cases. but we have to make sure we don't overwhelm our health care delivery systems because when those delivery systems get overwhelmed, is that when people really start to become injured to have poor outcomes. i think that's what's guiding officials here in california and other places in the country making these very difficult decisions. connell: i thought the hope was we would be able to avoid that this time around if you will, obviously having trouble in new york and other places when the virus first hit us, we improved on the treatment side. maybe you could talk about the trials you have done out of

sanford with remdesivir for example. as i said we're making progress, the news tells us today on the vaccine front with these vaccine candidates being sidetracked by the fda. so shouldn't we be able to manage our way through this a little more without going back to shutdowns? >> yes. i think we will be able to manage our way through this. much more effectively than we could back in march. what you're seeing is incremental steps taken by governmental officials but we still have to observe social distancing. we still need to wear masks in public settings. we have to be safe. we know this is a respiratory virus. curtailing the spread from one person to the next is a lot about doing straightforward, but nonetheless complex in terms of their impact on our lives, doing those things that we know block transmission of the virus. a lot of advances we have every reason to be enthusiastic and optimistic about on both the therapeutic front and vaccine development front. you mentioned remdesivir before.

we were a part of the original trials, the nih-supported trial, the industry-supported trial, showed remdesivir shortened time for recovery for people hospitalized with covid-19. also showed in most patients a five-day course of remdesivir is as effective as 10-day course. that of course is important because we want to protect those supplies of remdesivir as production scales up. vaccine development is proceeding as you said at a very fast pace as well. connell: right. it looks like maybe early next year we'll have something to go with but on the therapeutic side, the treatment side, that is one thing people get more excited about because time fray framewise that helps us get through the fall. this is big point of contention politically and otherwise opening up schools. in new york governor andrew cuomo came out and gave numbers. says if we're below 5% on

infection rate we can open up the schools. then we heard from two districts where you are, south of where you are, same state, l.a., san diego, nothing this fall. we'll be all online, online only. what did you make of all that? >> the opening of schools is complicated. i think each district has got to make a decision based upon circumstances in that district, on the ground at the time. we know fortunately covid-19 is typically mild disease in children. there are exceptions. there is multisystems inflammatory description described. but that is rare. the school environment with adults, with food service workers, with custodians, with teachers, that environment, the virus can be transmitted from children to adults, from adults to adults. it has to be very well thought-out decision. each district has to make it based upon the facts on the ground at that particular time. connell: very nice to have you on especially with all the news

coming from california. i watched part of it online. dr. lloyd minor interviewed dr. fauci today, this time the roles are reversed answering the questions with a lot of pecs tears. melissa: glock city, taking a major step forward a florida reported second day of record-setting cases. >> you mentioned new york and florida. what this is really told us epicenter shifting south. new york once the epicenter of the outbreak back in the spring first time in march reported zero deaths in a day. good news for new york but other hot spots are popping up around the country. one being california. just moments ago this afternoon, governor gavin newsom ordered the immediate closure of indoor commercial activities, including

restaurants, theaters, bars. some of the states largest counties will have to close fitness centers, hair salons and malls in, churches in addition to that. florida reported record all-time high of 15,300 new cases on sunday. that is more daily cases than any other state throughout the pandemic. although number of deaths reported today, 35, relatively low. possibly a reflection of the younger median age of those being infected in florida right now. despite the surge in florida, disney world, which reopened its magic and animal kingdom theme park saturday plans to reopen two more of its orlando parks on wednesday, epcot, disney hollywood studios. that has drawn backlash and peoples on social media, questioning safety of doing this while covid-19 is surging in the sunshine state but disney is limiting crowd sizes, using cast members to occasionally nudge visitors when they fail to

social distance or wear their masks improperly. texas set a new record for hospitalizations sundays. 10,410 people in the hospital there. federal government sending personnel to assist some busier hospitals. today a statewide mask mandate went into effect in louisiana. governor john bel edwards ordered bars to cease on-site alcohol consumption in an effort to discourage young people from gathering. people concerned about the astop tick spread. cdc says as many of 40% of covid-19 cases of transmission involve people showing no symptoms but nonetheless infectious. melissa? melissa: thank you, jonathan. connell? connell: all right. also, melissa, following escalation in crime across new york city. gun violence spiking for the fourth straight weekend as the nypd now reports a massive increase in retirement

applications. what it could all mean for the future of the big apple and other cities across the country. that's next. plus china slapping retaliatory sanctions against top u.s. officials. now beijing threatening even further action. amid a growing sponsorship blow back. one major nfl franchise announcing big changes to its team name and logo l, but with accident forgiveness allstate won't raise your rates just because of an accident. cut! is that good? no you were talking about allstate and... i just... when i... accident forgiveness from allstate. click or call for a quote today. in a highly capable lexus suv. at the golden opportunity sales event. get zero percent financing on all 2020 lexus models. experience amazing at your lexus dealer.

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♪. connell: this is a crisis that is far from over. we've seen a rising number of police officers in new york filing for retirement as the nypd is facing a shrinking budget thanks to defund the police movement. let's go to jackie deangelis live in our new york newsroom with more on this. jackie. reporter: good afternoon, connell. we saw a billion dollars shaved from the new york city 2021 budget, that happened july 1st. we see this trend, officers are quitting the force sooner than they were planning n new york city increase in police retirement applications up more than 400%. june 29th and july 6th, 179 cops filed. so many, the city may have to cap the applications. most cops retire after 20 years on the job. many could work longer than

that. if you're under 65 and you retire you wouldn't qualify for medicare. so the city has to pay the entire cost of your health benefits. there is the pension program. it is one of the incentives of becoming a police officer. now in 2018 the nypd spent $2.8 billion on pension payments. there is a concern this number is going to jump drastically if there is a rush to retire. now we did some of the math here and when you think about the costs associated with this, it doesn't all add up. listen. >> there are almost $3 billion in annual pension costs and then another billion dollars in annual health costs. so you put it all together, it is not the 6 billion-dollar figure that people who have been following this debate here but it is actually $10 billion figure. reporter: when we talk about budget in general in new york city, considering it in the scheme of things. it is not really that much. in 2019, $6 billion was spent but it was a mere 6% of the city's entire 95 billion-dollar

budget. when people call to defund the police, they're not actually thinking about the 15 shootings that we saw in new york city over 15 hours this weekend. they're not thinking about who they would call if they're the ones in trouble. what is interesting here, what they don't realize, they will still be paying for cops even without the protection, even if they retire. so it raises this question, be careful what you wish for here, guys. connell: all right. jackie, thank you. melissa. melissa: all right. new york city seeing a surge in gun violence. 28 shootings reported just this past weekend, compared to five for the same period last year. here now is dr. oscar odom. he is a retired nypd detective, former first deputy sheriff commissioner. thank you so much for coming on. i mean the statistics are staggering. 600% increase in shootings over the last three days versus the same period last year.

i could go on and on. we've seen this enormous surge in violence here in new york. how do we turn it around? what needs to happen? >> so many things. first of all as always i like to thank the women and men in blue of the nypd who go out there courageously fight for what is going on put their fights on the life. we have to rebuke the data, to look at the numbers to see what is going on. as you stated so much has gone up. murders over 200. shootings, over 600. shooting victims over 700. we have to do evidence-based, data driven analysis what is going on. look at everything, to see what we're doing. condolences gone out to families that lost the loved ones due to craziness, recently a one-year-old who lost their life. as i keep on saying we need to bring back the anti-crime unit. they were great moving weapons off the street.

if there was a problem with their tactics, how they spoke to people, they could be retrained i it is not everyone. they don't look at data, over 98 police officers go 20 years or more without firing a weapon one time on duty. that is a big number for the nypd which is approximately 40,000. melissa: but it seems to me that what we've seen is an explosion in crime recently. like the acceleration is out of control. the problem is that word is out to the criminals that it's a free-for-all. that the cops are being told not to do anything and to stand back and that's tone from the top. i said earlier today, i said before, i think our mayor needs to resign. he has no plan. there is no plan for the city. there is no end in sight. as we watch this going on, he is painting the middle of the street. do you think that it's fair and what kind of a difference would that make? do you think they're getting a message from the mayor not to

intervene? when you look at videos we saw, people putting hands on cops, putting them in a chokehold, that was something, you can't put your hands on a police officer. that person as most recent reports is walking free. you can't assault a police officer. do you think our mayor needs to go? >> yes. see, here is the thing. it is unacceptable for this type of behavior that is taken to our police officers. police officers receive a radio call, says man with a gun, shots fired. we run towards it. now the way things taking place right now. you get police officers to hesitate and doing something for year of not being judged by a split second decision. that is why officers are leaving and retiring at record numbers because of the fact they are concerned about this. after working 20 years or more for your pension, going out every day with the possibility

of losing your life, for one incident lose your pension, why would you go out there, why would you do this? here is something i want to shock people, realize what they look at. here are some of the things that black lives matter have with good cops. we both hate bad cops. there is no doubt about that. you want loved ones crime solved. we want to solve your loved one's crime. when they get murdered we want to solve it. when they get robbed we want to solve it. let us do it. when they get shot, we want to solve it. let us break bread to make sure what we do is safer place. mother, daughter, shot and killed, you want us to catch the person, you want us to investigate, you want us to prosecute. let us do what we do. don't hold us back. let us do our thing. that is the problem. they're holding us back and people are suffering. melissa: so one of the reasons, i wanted to do the segment not just to share new york's pain with the rest of the country, obviously we have a national audience, this seems to be

infection spreading through the country. we used to talk about the weekend numbers in chicago. now we're talking about new york. you saw what happened in seattle. it feels like this is spreading through the city. in your mind, what are the next cities that are to go down? because new york's in a freefall. who is next? who else in our audience should be concerned about their cities? >> well, basically, really all of them. it is like a pandemic. we see what is happening in chicago. we see what is happening in florida. we see what is happening in texas. it's a pandemic. this thing is spreading. look at seattle, washington, look at minneapolis. all these things are spreading. this is worse than a pandemic. all this stuff is spreading all over the place. to solve it, let cops be cops. back them up. we believe in police reform like anybody else. as sherlock holmes would say, it is elementary, dr. watson.

melissa: dr. odom, in the end we're all in danger in the cities but the people who suffer the most are the people who have the least means to protect themselves and you know, you look at the people that are making decisions, the mayor. he has full-time security. you look at alexandria ocasio-cortez. she is in d.c. most of the time. she has security. you know the people that are preaching are not themselves in danger. what do you think about those in the streets who are not protected and really don't have a voice? >> i feel for them because of the fact that this is like the wild, wild west. as we can see, as i always say, with murder, you know, intentional for reckless killing of another, when we look at this, a body is a body. there is no denying people are dying out there. i feel for them. they're going without protection. i have tell people who have security, you talk the talk, walk the walk. let go of your security and walk

around, walk around free, see how you can handle the situation. i recommend to all the polled tish shuns that come with a ride along with some. cops, see what is going on. see what you would you do, how would you address issues? what do you do when you see shootings or people coming out? do you have any magic words to say anything to stop them? as you read your crime reports we have been, if you haven't, what have you done? obviously you're not doing anything to put a hold to this because constantly going on, despite all the marchs everything, the numbers are skyrocketing. you have to let cops be cops. let's have disagreements. if you keep on doing this, you will see, numbers don't lie. a body is a body. it will continue to climb, climb, climb. if you want it to stop, you need to sit down at the table and talk to the cops and let them do what they need to do. if there is issue, reform it, work on it but let us do what we need to do, also back us. if you don't do this, more people will be going through the

door like it is across the country. cops are retiring at record numbers. some people are trying to halt the cops are retiring. so many are retiring. the thing is you can't blame them. with stuff like this, you can't do anything, what people are doing. talking about the good cops. remember the majority of cops are good cops. it is only a small percentage that dot acts that cause a problem. you penalize them. all the police officers because of the small few. we're upset with them too. it is being taken out on us. therefore we can't solve the crimes. we can't get guns off the street. these are issues. these are problems. these are the things that we want to solve. we want to work in the communities. we want to solve the crime. want your mother-to-be able to walk at night. it's crazy. melissa: dr. odom, i loved what you said. they should all do a ride along, and put their money where their mouth is. i will challenge every politician i see from now on to do that. that was brilliant. connell, over to you. connell: all right, melissa. we have a boycott turning into a

"buy-cott". the backlash against one major food company is taking a turn. we'll have that for you. tale of two policies. the real difference between the economic plans being put forward by the two men battling for the white house this november. we'll be right back ♪ ♪ ♪ ♪

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♪. melissa: calls to boycott goya food products, not exactly going as planned. this after the ceo of the company came under fire for pro-trump remarks. gerri willis is live with the details. gerri? >> melissa, that's right. so its a backlash to the backlash, right? after a twitter storm of controversy against goya ceo for his positive comments about president trump. now the tables are turned. they're calling for a "buy-cott." listen, senator ted cruz tweeting this, goya is a staple

of cuban food. my grandparents eight goya black phones beans for twice a year for 90 years. from senator marco rubio. most people fronting for a goya boycott, don't use goya foods and ones that do will cave by -- christmas eve. the comments were hosted at a hispanic initiative last week, where he thanks the president for his leadership. the storm, over his remarks immediate. model chris at this tiegen calling for a boycott, "hamilton" author, lin-manuel miranda. which learned to break bead. one man started a go fund mee page. harper raised 70,000 bucks to buy goya products in the

washington, d.c., area. goya going one better, donating two million pounds of food to the nation's food banks. and melissa, i got to tell you, every cook's household contains some of this. these are the best canned beans in the world. i just used two cans last night in a dish i was making. it is good stuff. melissa: gerri, i got you beat. i used four cans yesterday. i have always used goya. my dad loves goya. it is just, it is just a better product. it is amazing. reporter: creamy, very creamy. melissa: that's the other big point. gerri, thank you for that. connell, over to you. connell: i'm sure they used it in the food i ordered. anyway, warning of seriously damaged relations with the u.s. china taking aim at top u.s. officials and also hinting there may be even stricter measures to come. we'll talk about that when we come back. plus the washington redskins officially announcing changes to

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fidelity. ♪. connell: it is is a international tit-for-tat. sam brownback, congressional executive commission on china. all this in response to the u.s. sanctioning chinese officials over the mass detention, oppression and enslavement of uyghur muslims in the western part of china. we're joining to talk about this, put it in context, from the heritage foundation where he is a research fellow on chinese political and security affairs. let's try to go in order, here, dean. the chinese going after well-known american politicians, marco rubio and ted cruz among them. any impact there? >> not directly in all likelihood. it is unlikely that either of

the senators was planning on visiting china anytime soon. certainly unlikely to do so now. similarly the chinese officials who are running not likely to come to the united states. what is more concerning two potential issues. one is, could staffers for these senators, congressman, the ambassador, or from the commission potentially find themselves in trouble if they were to say, transit through hong kong? the other is, the possibility that the chinese will persuade some of their partners, for example, belt and road initiative aid recipients to potentially act if the senators, the ambassador or their staff were to transit through those countries? that could really create some very awkward situations. connell: what about the issue of the treatment of the uyghur muslims in china to begin with? you know, more broadly because when we were negotiating a trade agreement with the chinese it didn't like there was much

mention of that issue from the trump administration but now, that that first part of the trade agreement is done, there is. what do you make of that? what does it say about the future of just of relations between the u.s. and china? >> well, if you look at the history of u.s. relations with a number of authoritarian systems, the soviet union back in the days of the cold war, you know, our relations with china, there is always been multiple tracks of negotiations. we negotiated nuclear arms control deals with the soviets but at the same time we criticized them heavily for their treatment of their own people. jackson banek basically said if you prohibit the russian jewish population from emigration, you would be facing sanctions. the same sort of situation applies here. we have trade issues with the chinese. we have environmental issues with the chinese. we have human rights issues with the chinese. so it is in fact possible to walk and chew gum at the same time.

connell: yeah, there was criticism or there has been over the last couple of years for this president not doing that effectively when it came either to the uyghur issues or business issues. huawei, for example, i don't know if you saw in the uk, boris johnson, the prime minister, calling on a ban of huawei used in 5g networks s that changing as well, where the administration might not view an attack on huawei or however you want to phrase it as something that is going to quote, unquote, mess up trade negotiations? >> absolutely and the funny thing, from the chinese perspective all of this is seen as pretty well-coordinated. i think the chinese absolutely believe that our criticism of their human rights record is arguably to gain leverage over trade issues. and trade criticism is sometimes masked as a strategic issue. so there definitely is a certain degree of them thinking that we are more coordinated than we are. at the same time, we ourselves sometimes not being as coordinated as we should be.

connell: but is trade, u.s. trade talks, like a second phase, it seems like what the president said late last week, is that done for now? seems like it is. what do you think? >> we're what, four months out from the election? it's very hard to imagine we could have any kind of a trade deal negotiated before november. the chinese themselves have every reason to wait and see. they may think that post-november they will have a better chance to cut a different deal, maybe even a better deal, depending on who wins. i think that, you know, on our side everyone is about to head straight into the election fever. so i'm not sure how much attention span there will be negotiating phase two. connell: you're probably right about that. all right. good to see you again, dean. dean cheng from heritage. melissa? melissa: swamps are characterized by their slow-moving waters, right? congress isn't very different.

taking its time deciding to whether to extend the 600-dollar weekly enhanced unemployment benefits meant to help americans during the pandemic. edward lawrence is in washington, the swamp, with the details. edward. reporter: yeah, you know, congress does not historically move that fast. now on july 20th is when congress or the senate will be back in session. that is when the negotiations will begin in earnest on this. there have been some discussions over the past several weeks about what should be in the next package. white house economic advisor larry kudlow says that both republicans and democrats want to have a next package. he believes it will happen. >> i think, you know, as you read the reports and talk to people on both sides of the aisle, on the hill, it is increasingly clear there will be an additional package and, again, we'll try to make it targeted. we'll try to incentivize, not just work, although work is crucial. going back to work.

we want to incentivize investments. we want a pro-growth package. reporter: but the clock is ticking. states might have more layoffs, maybe deeper layoffs without some direct help. house speaker nancy pelosi wants to give states one trillion dollars in a bailout. republicans don't want to bail out states already? massive holes because of bad decisions like california. unemployment benefits run out at the end of this month. that money is in people as hands to pay rent, groceries. the loss of that income could mean a drop in consumer spending. new loans for the paycheck protection program will end august 8th. convergence, the first week of august. some of that loan money has already been spent by businesses that are still struggling. house speaker nancy pelosi said last week we wants auld of this done in one package. there are some big lines in the sand that they have on both sides there. so there could be an impasse. with an election looming neither side wants to look like they're the ones dragging their feet on aid to americans.

they do have about 10 business days left, melissa, when they get this back into session. 10 business days, and there are some big, big mountains to climb. melissa: mountains? and swamp creatures. edward, thank you. connell, over to you. connell: all right. nice image. getting closer. how joe biden is starting to sound like president trump on the campaign trail when it comes to the economy. what that might mean for you and your family. that is coming up next. e ♪

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♪. >> buy american products and support american jobs. >> buy american, and hire american. >> bold investments in american industry and innovation, so that the future is made in america. >> to invest, hire, grow and to create new jobs, new technologies. >> we have to invest in what the jobs and industries of tomorrow are going to be. >> i want to rebuild our country. i want to rebuild our infrastructure. >> we have to build back better. that is what my plan is, to build back better. melissa: what the heck? former vice president joe biden,

releasing his economic plan to challenge president trump. here now to discuss is dan henninger from "the wall street journal." he is also a fox news contributor. so, dan, it is funny to me, a lot of the criticism i heard so far, that joe biden is stealing a page from president trump's playbook but we should be so lucky because we all know that he wouldn't actually do the same things. for example, he would tax everything that would move, which would be a disaster for this economy. so how do you sort it? let's start with the part that he is obviously messaging on a lot of the same themes? what is your reaction to that? >> well, melissa, my first reaction is amusement. i'm sitting here listening to trump and biden talking. imagine these two guys debating this subject. sounds like an echo bouncing off

the walls. there are differences indeed. donald trump's idea to buy america and was to suppress free trade, pull out of free-trade agreements like nafta, or tpp in the pacific and then impose tariffs. donald trump believes tariffs are basically a straightforward revenue machine that produces money. but beyond that president trump has been willing to let the private sector alone to adjust and to create capital investment. and of course he lowered the corporate tax rate as well. joe biden's idea is not to let the private sector direct the economy but to have the federal government tell the private sector what to do and you are right. they're proposing to increase the corporate tax rate, the 28% and the top personal right to 39.6%. make no mistake. if the democrats control the congress, if they win back the senate, and send him tax bills

with even higher corporate and personal tax rates, joe biden will sign those bills because it is their intention to redirect the way investments as they call it are made in this country. they have been using the word investment for years. it really means federal spending. they will back out the private sector to do that. melissa: is it true, that the worst possible thing you could do in a recession is raise taxes? now obviously i'm leading the witness here but we saw in the last great recession, that we had after the financial crisis, that as you raise taxes, what you do is you stall any kind of a recovery that would be going on. joe biden has promised to raise taxes. how hard would that be on this economy? >> well, it would be very hard. i mean i think you're raising the absolutely key issue here.

joe biden is talking about raising taxes on an economy that is flat on its back. i think what he is basically talking about is suggesting that the trump economy of first three years of donald trump's presidency would cease to exist under a democratic administration. that was the economy that produced growth of 3%, extraordinary job creation. if joe biden and the democrats went through with raising taxes and, i would add, as well, enacting the round of regulations that was proposed in the biden, sanders, unity plan, you're going to see growth in this country fall below the 2% that was achieved during the obama years, and you see job creation fall below the rates that were achieved in the obama years. i think this is a extraordinary flaw in biden's plan, it is difficult for me to see them explaining away how those proposals would do anything but

suppress an economy that is struggling to come back right now. melissa: yeah. the visual i would give to our audience while our economy and ourselves, while we're flat on our back, they would love the socialist ideals down our throats. i think that would be the end of everything. dan henninger, brilliant as always, thanks for coming on. connell. connell: retiring of a controversial name in the world of sports. after facing mounting backlash, one nfl organization is indeed deciding to rename its team there are complications. all the details next

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♪ ♪ connell: well, after growing backlash, the washington redskins today did announce they will be retiring their controversial nickname as well as their logo. the team facing scrutiny not just from the public, but also from a number of big name sponsors. a lot of money on the line.

hillary vaughn live in washington with the latest on all this. >> reporter: hi, connell. the washington redskins came to washington in 1937, and after almost a century, they're now leaving. but the nfl team is staying, getting a different name. and the athletes along with the fans are waiting to find out what their new name will be after the redskin name controversy, faced immense political pressure to get rid of it. the team saying: we're announcing we'll be retiring the redskins' name and logo, dan snyder and coach rivera are working closely to develop a new name and design approach that will enhance the tradition, rich franchise and inspire our sponsors. some of their biggest corporate sponsors, fedex ceo fred smith saying this: we appreciate the team's decision to change its name and logo and look forward to the next steps in the

process. but,com, changing -- connell, it does cost a lot of money. one sports branding firm told us their estimate is that the washington redskins to rebrand their stadium, training facilities, come up with a new logo, get rid of old merchandise could cost up to $10 million to do all that. connell? connell: i was reading today,ly, it's interesting how there may be some trademark issues, i think they would have liked to have announced the new name when they said they were getting rid of the old name, but i guess it'll take a while, right? >> reporter: yeah, they did come out with a short list, not officially, but there were a short list of names reported out there, and since then those names have been trademarked by private citizens. so if one of those names on that short list was the name they wanted, the timing of all of this and why we haven't had the new name announced could be because there's a trademark on one of those names. connell? connell: all right. we'll follow it over the next few weeks, and i hope there's a

football season with the new name and all the rest. hillary vaughn in washington. melissa and i will see you back here at the same time tomorrow, follow all the latest developments between now and then. it's "lou dobbs tonight" that starts right now. have have a great night. ♪ lou: good evening, everybody. the radical left's assault on america goes on. the radical dems deny the existence of the rapid crime wave that they helped foster in democrat-held cities. they make repeated calls to defund the police and to support, of course, extremist groups such as black lives matter and antia that. all of which -- antifa. all of which place american lives in constant risk. in new york city, disturbing new video of a crowd that gathered as police were making an arrest. the video shows a suspected gang member attacking a new york police officer, putting him in a