are down with one exception. that is, tesla. i'm going to call them a big tech stock. tesla is up 14 bucks as of right now. $1511 per share. go figure. time's up for me. neil, it's yours. neil: thank you, stuart, very, very much we're following what is happening at the corner of wall and broad with that. outside of tesla technology taking it on the chin here but the big reason for runup in the dow has to be improvement and promising news we're making on the vaccine and treatment front. for example, we already seen the 3m right now moving very quickly on a rapid covid-19 antiagain test that can get results within less than an hour. separately moderna is beginning late-stage virus vaccines trials as soon as the end of july. you have a company called, i hope i'm pronouncing this right, nano virus ides.

seeing a lot of treatment claims. getting the street's attention. this company appeared virtually out of nowhere. progress to likes of regeneron, becton dickinson, benefiting from the $1.6 billion u.s. government commitment. you have makings of something down the pike that could treat the virus, maybe as soon as the end of this year, in the case of some of these phase 3 advanced trials, maybe as soon as the fall of this year. but being "coast to coast we're all over the place on all these other developments including out in california where they are extending shutdown provisions now expanding to include virtually all businesses, indoor dining, barbershops, salons, tattoo parlors, you name it. also focusing on what's going on in florida right now a big spike in cases but as stuart was just telling you some confusion about how many of those cases are

indeed positive. we've got the the latest going on in texas, where the spike in cases is so severe they're looking at crowded hospital beds. reexamining the need for some, well, non-covid-19 treatments. let's get the latest right now from casey seeing gal stegall following all of. that. reporter: let's take you to california, that is the big announcement of roll backs, with the surge of covid-19 cases. average number of new infections in that state nearly doubled between june and july, when you look at health data. covid hospitalizations are up 28% in just the last two weeks across california. those are some key metrics that the governor says he used when it came to making that big announcement on ordering all of the non-essential businesses to close down once again. across the whole state, indoor

restaurants, bars, wineries, movie theaters, museums ordered to shut their doors again. in about 32 counties currently seeing the highest numbers restrictions went a step further. as you said, salons, barbershops, malls, worship centers. those counties make up 80% of california's total population. major announcement were also made about some schools. listen. >> l.a. unified school district as well as san diego announced that they're going to enter into the fall school season the way they ended last school year. that is, by utilizing distance learning and until we deal with the background rate of infections. reporter: more than 700 medical military personnel have now been deployed to california and right here in texas, to assist civilian medical staff own the ground. the bulk of those troops here in the lone star state were more

than 10,000 patients are now hospitalized with covid. multiple teams with the army and navy working with some of the hardest hit areas like houston, san antonio, for instance. meantime florida governor ron desantis says he too has applied for additional medical help from the federal government. the sunshine state is reported nearly 37,000 new infections. 37,000 in the last three days. a top infectious disease doctor has now called miami specifically the new pandemic epicenter, making parallels between that city and wuhan china, the original city where this virus started. meantime later today, a lot going on here. but vice president mike pence, the head of the white house coronavirus task force will be in louis. he will be meeting with the governor and state health officials on the ground to discuss this ongoing crisis, neil. neil: casey stegall, thank you very much, my friend. to add to that, this is in the newsroom right now, new jersey

looking to reopen schools this fall but with some caveats here, monitoring the progress of the virus in the garden state but new jersey governor phil murphy is optimistic schools will be able to reopen this fall. we don't have any word that different municipalities might combine that with virtual learning as well. but it seems to be, all in-person learning. we'll keep you posted on that. remember when we used to have a budget for this country less than a trillion dollars? wasn't all that long ago. that right now is looking at our deficit, not for the year, for the month. in the latest month of june, 864 billion added to our debt. that is the deficit in one month. obviously the virus and expenses around that stimulus for that, a big reason but blake burman, no matter how you look at it, even for a young guy like you, that has to be eye-popping.

reporter: neil i'm old enough to remember when we ran surpluses in this country. wasn't that long ago. 864 billion in one month, to put that in perspective, that is more in one month than other fiscal years in recent memory as well. we reached out to the white house, neil, to get a sense whether or not that number will have impact about the phase 4 negotiations going forward for the next relief package. we have yet to hear back from the white house. when you survey the landscape here in washington, neil, tough to envision how any next step measures will be small, however you want to define small. start over here at the white house. for example, president trump says he wants a payroll tax holiday and he told me earlier this month he does support another round of direct payments to individuals and to families. move on over up to capitol hill, the top republican there, senate majority leader mitch mcconnell is open to direct payments as well. mcconnell's position has been that a package, a next package should not exceed more than one trillion dollars. however, the top democrat up on

the hill, nancy pelosi, and members of her caucus have already passed a package three times that amount. to the tune of $3 trillion. they are pushing hard, for example, for another round of funding for state and local governments. to that end today, a handful of democratic senators led by senator elizabeth warren written to jay powell and steve mnuchin, not only should congress jump in on that front, but the fed and treasury need to ramp up the municipal lending facility which loans state and local governments, loans those state and local governments can take. those senators write in quote, expanding the mlf, making more accessible financing can help the fed insure we're not turning a blind eye to a need for recovery that reaches all americans. back over here at the white house, neil, i'm told no decisions have been made on a package but have become targeted. keep in mind when we were told

february and march when they were working on something here at white house. it would be targeted as well. fast forward, we are $3 trillion down the line in relief funding and they are talking about a fourth package. we've seen a number of states roll back their reopenings. every single day that goes by we are another day closer, neil, as you know to november 3rd. neil. neil: indeed. i'm not too worried about the debt thing. it will be up to your generation to pay it not mine. reporter: pay for it. neil: sorry. that is the way it goes. you will be working a while. thank you, blake burman on all of that. i want, i know you will. you're the best. kevin brady, the republican texas congressman on the house ways and means committee. this man singlehandedly responsible for tax cuts. imagine where we would be without the tax cuts. he joins us right now. congressman, always a pleasure and honor. let me get first of all your take. that is a jaw-dropping number, no matter what your age.

864 billion of red ink in one month. now we'll pile on to that with still more stimulus. the president seems to be open to stimulus checks and the like. i don't begrudge any of that. i'm looking at deficits, piling debt, it is a slippery slope, don't you think? >> no, it definitely sis. we know that monthly number was sort of, grew bigger because allocate all the ppp program to one month. we delayed tax filings. neil: right. >> that number got big but your main point is still real. we are spending trillions of dollars. in fact, my estimate is that hundreds of billions of dollars congress allocated hasn't even spent yet. it will take the rest of the year to spend out. i think right now spending for spending sake will not create a healthy economy. some smart targeted policies that help reconnect workers, help businesses reconfigure their work places so they are

healthy and safe for consumers as well as their employees, targeted efforts like that, will help us rebound more strongly. neil: you know, just wondering, the big conundrum what to do about these very generous federal unemployment benefits of 600 a week. that is on top of what people get from their states. all that goes away in a couple of weeks. now, the idea, try to find a way for those folks to incentivize them to come back to work. i take it from what you're saying, that you're not for extending that 600-dollar a week program but you are open to some sort of a hiring bonus. i think something in the vicinity of $1200. what kind of reaction are you getting for that? >> so the short answer is pretty positive. look, state unemployments are really benefits are the foundation of unemployment and in many states already extended it into next year. the federal benefit was really

to help people who are forced home because their business or their industry was forced to shut down. as we reopen we're seeing a whole different approach there. so, yeah, i think it is time for us to take that federal unemployment benefit, which in some states means that three out of four workers get paid more than they would at work. the congressional budget office says, if we extend it five out of six workers would be paid. that is a recipe for disaster economic recovery. neil: would you be open, congressman, would you be open just to ending it, in other words, let it expire in two weeks, even if you don't have something in its place? that would further incentivize those losing $600 to reenter the job market? >> we know that when unemployment benefits end, people tend to look for work pretty aggressively. right now we know main street

businesses are having trouble getting their workers to come back. i do think a return to work bonus or some economic incentive to reconnect those workers is important for both them and that business. and in a key way. so i think that is where our focus needs to be. we ought to be open to "borking" with our democrat colleagues to get that done. neil: you know, congressman, you know the math far better than i do. but the rough back of the napkin numbers i was drawing up, is we have roughly 18 million presently out of a job, out of work. i don't know how many of those are trying right now. how many are hold overs from the soft economy, when all of this was just starting. leaving that aside, i also know there are about five to six million available job openings. that is a moving target i grant you, but the math doesn't look good. 18 to 20 million out of work. five to six million available

job openings. what do you do about that? >> the key, you're exactly right, the key to make sure the 18 million temporarily unemployed are not permanently unemployed. that is why smart pro-growth policies, that reconnect them to those businesses as we continue to reopen in a responsible way, we're going to see more of that come back. i also think, some policies that are targeted, like employer retention credit can help businesses rehire their workers, knowing that their industry may not be recovering as quickly as some are. i think there are some smart policies that don't cost trillions of dollars, that can help make sure those workers aren't permanently left behind. neil: real quickly, sir, your state is now, sort of a virus hot spot to put it mildly. do you think it opened too soon? >> no. neil: things got back a little

too quickly? no? >> no, neil, i don't and here's why. the infection rate, hospitalizations went down in phase one and two of the reopening versus when we had a forced home confinement. going back would be extreme and not helpful. phase three, no question, we saw the flare-up. not unexpected. we've seen this around the world as economies reopen but, right now the focus i think in a positive way, we saw a small dip in hospitalizations yesterday. we'll see if we can make that a trend. i think there has been a new set of reality, we can't take this virus for granted. businesses have become very serious about insuring mass ppe, social distancing. my sense is that the last several weeks we've seen pretty significant change in the attitude about how we need to keep focused on the virus. hopefully, that allows us to

turn this flare-up, make it manageable again and allow us to continue to reopen. neil: we'll watch it closely. congressman, thank you very much. be well, healthy and safe. congressman brady. >> take care. neil: the beautiful state of texas. i want to bring dr. nicole saphier to this, our fox contributor, crackerjack doctor, best-selling author. doctor you heard us talking about what is going on in texas, what's happening in florida. what is going on in state after state. i believe 32 right now, that have seen double-digit increases in cases now a lot of that, i know you mentioned this prior, better and swifter testing but many of these states are taking actions to wind back reopenings. do you think that's a good idea? >> well, first of all i don't think we are where we need to be in better and swifter testing. yes, we have significantly more testing than we had a few months

ago however there is significant lag time, time getting tested between five and seven days. a lot can happen between five and seven days, are you supposed to tell people getting a test they're supposed to be self-isolating? asymptomatic people getting tested, waiting for testing results they may be out living life spreading the vie us are. it doesn't really do us good to have a test that take several days to get results. you mentioned earlier on the show talking about different technologies that may have results in under an hour. think about rapid flu tests pea treshshuns have, during the flu season. we need that for covid-19 to effectively contain the viral infection. for cases having high infections, florida and texas, several counties with hospitals at max capacity or near max capacity, yes they have to take some firm measures to decrease viral transmission. i'm really interested to see the

age distribution of those being hospitalized. are they seeing more severe cases in younger people? i don't really have all that information right now but i'm very interested to know that. neil: you know, doctor, you're a young mom, so you know what parents are wrestling with in these states. they want kids to go back to school. they heard and understand the risks not having them go back to school for in-person classes, that's understood. they're concerned enough even though the numbers are extremely low, with kids passing along the virus to anyone either at school or back home, it is enough of a concern in these locales for a lot of the parents to say, you know what? i don't want to chance it. what you do tell them? >> well it is really not that easy to answer, neil. it is a very complex situation. you have to look at everything as a whole, not just keep children physically safe. so i have had three boys home distance learning for the last several months while i was still

full-time working. it is very difficult for those children. they range from 20 to six years old. it is very difficult for those children to do distance learning. as a mother, a physician, i want to do everything i possibly can to get them back in person learning as long safety measures are in place, as a responsible adult. i do need to do my part to decrease community transmission of the virus so schools can safely reopen and i need to support the education system as much as i can to make sure they have what they can to open. that being said, neil, i do understand people that are concerned about going back. this is still a novel virus we still see people dying from. i worry about flu season where hundreds of thousands of people are hospitalized every year with the flu. we may be heading into a difficult winter, if people don't take responsibility right now do what they can to lessen community spread. you're seeing house parties

causing 20 to 40 cases positive in young people, specifically new jersey and michigan and florida. we have to hold those young adults accountable and responsible because they are contributing to the viral spread and that being said, new york and new jersey are doing great right now. we may be on track to get our kids back in school coming in a few weeks. you know what? we have people who are in florida may be coming back to jersey to send their kids to school. that inner state travel allowed this virus to spread across our country. we saw that earlier on. it was people leaving the northeast, going to the southeast, going to the southwest, that increased their cases. now they're going to bring it all back. we need to be strict about interstate travel. not say please self-isolate for 14 days coming back into our state. i don't think that is good enough. neil: wow, you're a tough doctor. doctor, thank you very, very much, we'll see how that falls out. no one to your agreed on consensus.

we're following that. we're following airlines. a lot of you were emailing complaining about american when they dropped the empty middle seat thing. what if i told you american just had to make a tough choice like a number of other airlines. either we crowd our planes or we ground our planes. either we have to listen to you whine about how packed it is, or we don't have as many people who can wait on you to hear you complain about it. after this. now is the time for a new bath from bath fitter.

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♪. neil: you know, a lot of you are not too keen on america when it stuffed its planes, took away the empty middle seat. but when you think what delta had to do, limiting number of flights it has, businesses not robust or southwest saying it needs to essentially triple the number of passengers by the end of the year to award off layoffs, you can appreciate the pickle they are in. they didn't envision this 4 or 5 months ago. gary b. smith on airlines dilemma. it is not going away, is it it, gary b.? >> it is not. what delta said, revenues down

91%? can you think of an industry you lose 91% of your revenues that you still have hope of staying in business? as you point out it is tough. there is a silver lining though, neil. i don't think any of the major airlines are going out of business. i think other ones, the jetblues, the southwests are going to state in business. actually, ironically, probably a good time to buy airlines right now. neil: wow. you know, you know sometimes i can be a tad cynical when i hear an industry complaining, believe me, these guys have ever right to complain and lay out their problems but they also got a lot of federal relief money. it is not all free money. many have stringed attach to it and loans that have to be paid back. can they say we're in no position to do that so don't count on it?

>> yeah, absolutely. let's go back to the financial crisis when the government bailed out the auto industry. american airlines, deltas, they're in the same position. they're basically national airlines. we would love for the market to work and say, well, you couldn't make it, you know, you will be replaced by a spirit airlines or a jetblue. that is just not going to happen. these big hub and spoke would take down, you know, multiple industries, not only the laguardias of the world and dallass but all other cities that rely. government is not at any price going to let them go out of business, that is number one. the other ones can survive, point to point airlines, southwest, jetblues. they can cut routes, they can be fine whereas the hub and spoke they need the whole system to be profitable, if you will, so they are not going to go go out of business. neil: wow. all right, my friend, be safe, all of sudden your whole state

will become a hot spot for all of this. you always seem cool and calm about all this. be good and well in your state and your family. florida is a beautiful state. all of these antsy times. it is what it is. we can't change that. we can't change the way the football is played but they are changing the way the professional players when they do regroup to play, what they're going to be wearing. let's say the traditional helmet, might be passe. i will explain after this. usaa is made for what's next 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

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♪. neil: you know, it is not just gym owners who complained and get hot under the collar when they have to shut down. right now, a lot of buildings where the gyms are, they could

be office buildings, residential buildings, they're hurting too when something like that happens. kristina partsinevelos following all of that right now from new york city. kristina? reporter: neil, we know gyms are a high contact business. we're sweating, working out all under the same roof. for those that are lucky they are reopening but at a fraction of their regular capacity. then there are others that aren't so lucky. i'm standing in front of a 24 hour fitness this is one of 100 locations that will permanently closed because 24 hour fitness filed for bankruptcy in june but the closure of gyms could create a domino effect and weigh heavily on the commercial real estate market. before the pandemic we saw businesses shrink, downsize, many of them move online. so landlords sought fitness centers for safe havens or call them anchor tenants in shopping malls to bring business and foot traffic to the region but unfortunately we've seen a lot of businesses struggle.

gold's gym filed for bankruptcy. town is considering bankruptcy and that is causing headaches for landlords. listen in. >> retail has been going through a metamorphosis for quite a while. e-commerce is driving a lot of that. as soft good users leaving big anchor spaces health clubs were filling those at pretty rapid space. it has been a shining star to help energize retail centers. reporter: it's a shining star. we're seeing delinquencies, commercial mortgage-backed securities surge in june to 10.3%. that level hasn't seen since the financial crisis. a mortgage is dell delinquent when not made by its due date. this graphic, show inability to pay rent and commercial landlords are tossed into distress on mortgage loans. we have research to show how things are picking up in the gym world. starting june 29th, heading

into early july, foot traffic is still down dramatically. look at some of these numbers. 24 hour fitness, down 71% compared to last year, versus planet fittedness, down 45% versus last year. a lot of fitness buffs are anxious to get back to the fpl to do the normal routine. the new normal is masks, and some gyms are far from home and that could leave recovery of fitness centers in very interesting state and leave commercial property in limbo. back to you. neil: that is disturbing sense at that, kristina. thank you very much. they hope to see kids by the fall back in school in most places. that is the also the time we expect professional football games to resume. there might be a different look. i'm not talking about the empty stadiums. i'm talking about what the players will be wearing.

john tatum, genesco ceo, well-connected in the sports community to put it mildly. john, the mask itself will be getting real attention. could you explain? >> that's correct, neil. so the players, a lot of players, fans are familiar with the eye shield that they wear own on the top half of their helmets to protect their eyes from getting poked or gouged in the tackle, in the huddle or scruple, if you will, when they get tackled. now what oakley has developed which is really innovative is a double layer shield that will go on the inside of the face mask. it has some openings so the players will be able to breathe quite easily. it may be different for some players that never tried it before. it is to protect the droplets that players may come out of

their mouths running or sweating in the scrum, when they get tackled in the big mosh pit. it will be two layers. there will be a oakley protective layer that will go on the top half, down to about the bridge of the nose that will obviously a lot of fans are familiar with. that now there is a new layer that will go on the inside of the face mask. neil: john, very interesting stuff. we'll follow it closely. breaking news items we'll continue with john. thank you for that update. football still on for the fall by the way. i know everyone is looking at the polls, already saying president joe biden and all of that but i do remember when they were saying president michael dukakis, president hillary clinton, president john kerry. hmmm, funny thing polls. ♪ oh, we love our new home. neighborhood's great.

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♪. neil: i remember very distinctly back in 1988 there was a point you were up double digits over george bush, sr., you were trying to remind joe biden, don't take it easy, right? >> he doesn't need reminding. this will be a tough race. biden should win it. country's a mess. chaos every day in the white house. this will not be easy. neil: all right. that was michael dukakis who was the 88 democratic presidential nominee. was leading in the polls a good while. in fact had leads much bigger than the ones joe biden showing "real clear politics" average. shows him up over nine points on president trump. again and again, history proven snapshots in time. otherwise john kerry would be president of the united states. hillary clinton would be

president of the united states. otherwise donald trump would have never gotten the republican nomination or jimmy carter gotten the democratic nomination in 1976. time and again things we're reminded can change, time and again. john bussey, "wall street journal." rochelle, what governor dukakis is saying that joe biden doesn't sit idly by to think he has a layup. what do you think about that? >> this is absolutely right this is not a time for joe biden to sit back he has this in the bag because he doesn't. yes he is gaining on donald trump, leading in the polls. as we saw in 2016. it is not over until it is over. what people forget about jimmy carter in 1976, his main focus was iowa. that is sort of propelled iowa into the position that it is in

right now as far as deciding the next president, if you will. so i think people have to keep in mind there is a strategy. hillary clinton lost because she didn't go to certain states. she also lost pause one out of 10 bernie sanders voted for trump. biden has to get back in the ring. i think he has been a little too quiet right now. what will really matter with joe biden winning this presidential election is going to be who he picks for a vp. we're still waiting to see who that person is. neil: john bussey, the economy always has a big influence on how folks vote, more this go-round the virus, president's handling of that. that he has not gotten consistently high marks. anything but. i'm wondering if things stablize a little bit by late summer, early fall, does that help him or is it way too early to sort of gauge this? >> we're still a few months off

from the election. so i, i mean, anything goes, right? anything could happen between now and then but the mismanagement of the virus problem has been so distinct that i'm not sure that you're going to see a big turn around on that. that's the primary issue here. you cannot revive the economy until you have brought the virus to heal. european union has shown us that. canada shown us that, australia shown us that. korea as well. so the management of the virus will be foremost on voters minds because it's curtailing everything for them, or a lot of things for them. when the president comes out talks about, well, let's get back to normal with the schools, let's get kids in the school and cdc guidelines for that are a bit too tough, maybe they should rethink that, that does not play very well with the very constituents that trump lost during the 2018 midterm election

which was suburban republican women. so the messaging is off here. the problem is very distinct. the coronavirus has trumped the economy, the economy doesn't turn around and win him any plaudits until he brings the virus to heal. stuart: you: yo k mhuchsad of tof ihess i dal dd trumd s tersrsnd a a a auprterssssre muc energ e a a eagng willll velkr oveirr ovendoals coa t g t lsheto plsolls atidatiduprtups do do dooto andd are noe that tay. ul thatha make aifrence here a a does itombined bith is so-callca underreportedrt an vote, vhat the president always discusses, that was prevalent in 2016, he says is alive and well in 2020, change the equation? what do you think? >> well i think that yes, trump supporters will definitely bend

over backwards for donald trump, as you said walk over fire to vote for him but i don't think that is to say that democrats will not do the same. a lot of people like myself are very energized as well for this election, more so than we were in 2016. my father has personally been impacted by the coronavirus. he has been in icu since april. it has been a personal thing now for me as to why i while not support donald trump but i think that yes, there are a lot of closet trump supporters that are out there right now and they might be saying look, oh, i don't support him, i don't support him. next thing you know, november comes all of sudden he is leading again. i think we saw that in 2016. there are a lot of trump supporters that are closet supporters of him and it is not popular if you will to be, to support this man and so i am interested to see what happens with, what trump is talking about these undercover

republicans that he is talking about. i am interested to see what happens with them in november. neil: real quickly, john bussey, it is not as if joe biden has these churchhillian moments, right? he can stammer, he can be confused. i'm of the age now where i forget what i ate this morning. who am i to point fingers. having said that this will come to the american people's attention, they might just say, i don't know about this guy who wants in on the white house, i will settle on the one who is already there, what do you think? >> entirely possible, the incumbent has a huge advantage in elections in general. rochelle's right, there are a lot of instances where respondents to polls don't want to necessarily tell you what they're thinking because they may think that you would think something of them or they may be choosing an unpopular candidate in somebody's mind. the polls have gotten a little bit better. they are doing a better job of

countying non-college educated white men did not get quite as well sampled in 2016. i think though biden is perhaps a lukewarm speaker, that he represents something that the polls are showing the voters are more in favor of now than they were six months ago, that is perhaps management. management of issues that are of chief concern to them. virus, economy. the race relations in the united states, which have spilled out into the streets in protest. so churchhillian or not, the voters are going to vote the key thing of interest to them at the moment and i don't see any progress being made right now, maybe you do, on curtailing the virus and its effect on the economy. this will spill, probably into november. neil: all right, we'll watch it closely. john bussey, thank you.

rochelle, my best to your dad. i hope he ends up okay. >> thank you. neil: we're thinking of you and him. hang in there. >> thank you. neil: meantime here we are "coast to coast." we are following a lost developments, inconcluding what is going on in california right now where distressing news on the cruise ship industry wondering where we go from here. off to north dakota, where that state senator talking about a change in the way we're perceiving all of this is going globally. after this. ♪.

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♪. neil: all right. in case you didn't hear, china is sanctioning lockheed martin for selling arms to taiwan. this a day after we formally let the chinese know we're sick and tired of them trying to militarize islands in the south china sea. we haven't hinted what we will do if they keep doing so. the ongoing tough policy it has against hong kong continues unabated. this on top of sanctions we already put in place to punish china for such treatment on hong kong. it doesn't end. makes you wonder whether anyone will make good on this trade deal that was signed off on before any of this stuff hit the fan, including the virus.

north dakota republican senator kevin cramer with us right now. senator, it is a mess. i just wonder, despite their promises to buy more goods from us, all this stuff pops up in the interim. do you think they will stick to that deal? >> well, neil, we certainly hope they would stick to the spirit of phase one. however, when you're dealing with china, you have to build the relationship on the idea that they won't keep their word because even when they're doing trade with you, they're robbing you blind and i think when the president set off to do a trade deal with china. of course its the largest population in the world, he was already convinced they rob us blind. that their business prowess was much more aggressive than us. what we ended up doing exposing a side to china even darker than maybe even thought it was. here we are, free market economy, embarking on doing business with a controlled economy.

ethical dilemmas abound. certainly there is a rash of them right now. the one thing that i would say, neil, is that while all of this is happening, they also are an economy that depends a great deal on the united states. we're 20% of the world's economy while only 5% of the world's population. so we're not somebody that they want to be on the outs with either. we do have some leverage in that sense. neil: i am just beginning to wonder going forward maybe their intention here is more politically calculated. that they are so angry at president trump, calling the chinese virus, started with china. they misled the world, tough talk, now they say, all right we'll do everything in our power to make sure this deal doesn't get cemented with you and we'll take our chances on that other guy? >> perhaps, neil, but this is why donald trump has, has been doing trade deals with lots of countries, not just china.

in fact i think his relationship with india could prove to be the great, great balancer if you will. they have a similar population. they are similarly on the outs with china. of course they're in the neighborhood which is an added issue for them obviously but we're also seeing at the same time, neil, is that the rest of the free world is starting to see china more for who they are as well. again donald trump deserves some credit for exposing a lot of this. maybe some of it inadvertently, just today the united kingdom announced they're banning huawei. that is a very significant geopolitical and economic move on the part of the uk and i think that the nations banding together can certainly put china on the defensive but maybe bring them into a little better compliance. neil: we shall see because certainly alienated to your point, senator. thank you very, very much. be well, senator cramer. >> thank you. neil: of the beautiful state of

north dakota. they're all beautiful states, right? if you think about it, right? one big country. we'll get through all of this, right? stay with us. the dow up 258 points. ♪ ity. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today.

neil: all right. fox on top of a lot of help on the wie whay when it comes to t coronavirus. welcome back. i'm neil cavuto. we are "coast to coast." i mean worldwide. promising treatments here, there and everywhere. half a dozen by last count, each and all could be in people's hands and maybe treating them by the end of the year, including some antigens that can go ahead and maybe find whether you have that virus within as little as an hour. let's get the read from edward lawrence. edward, as you know, the markets are excited about it. ashley webster will get into that. but what is actually the source of this excitement? what's coming down the pike that has them so excited? reporter: it's senior administration officials saying a vaccine could be in production by the end of the summer. this is all part of operation warp speed. the health and human services and department of defense along with u.s. companies are helping

those companies to buy materials, equipment, getting manufacturing ready. the official says the u.s. is about four to six weeks away from starting to produce a vaccine. the president very excited about these developments. >> you have the lowest mortality or just about the lowest mortality in the world. we're doing a great job. we're doing very well with vaccines and we're doing very very well with therapeutics and i think we're going to have some very good information coming in soon. reporter: it's important to note that companies will gear up to produce the vaccine before the actual approval from the fda. if they have high confidence in their product, because the first to market could potentially make more money than others as demand for the vaccine around the globe is very very high. a senior administration officials says the u.s. picked four vaccines to go forward out of 19 but others may be added to the list. the senior administration official says moderna and johnson & johnson are expected to be in late stage human trials

at the end of the month. moderna says their date is july 27th. the official says the u.s. also invested in novavax and astra-zeneca. china also investing very heavily in a vaccine. chinese military is actually giving doses of vaccine developed by a unit of the china national pharmaceutical group to soldiers and employees traveling overseas. that still is in the phase 3 testing, it's experimental. china plans to have factories online in early 2021 to produce 100 million to 200 million doses of the vaccine to have it ready. the u.s., according to senior administration officials, said they could have 100 million doses by the end of the year. so the race is really on. but really positive news coming out of the united states so far. back to you. neil: absolutely. edward lawrence, thank you very much. by the way, even some companies you probably never heard of before, one is nanovirocide and another called immunovaccine

coming up with potential treatments that have already yielded promising results. again, early going on here but there are about a dozen major concerns of those that you know, those that you don't know, that all of a sudden are igniting interest about a potential cure and that is curing a lot of selling that had earlier been going on on wall street. ashley webster on that. hey, ashley. ashley: hey, neil. yeah, let's get into look at this number now, 225 points up on the dow. it's been very much a rocky up-and-down session today. much like the last week. i want to get back to the virus. we heard news today that 3m is now partnering with m.i.t. which is interesting. they are working on an antigen test. no lab testing required. what this would do is actually detect fragments of the virus. it's a little unclear exactly how this will work but there are suggestions it could work like an at-home pregnancy test. it's low cost, the results can

be known very quickly. it's already got half a million dollars funding from the feds to speed up the testing. if all goes to plan, 3m says they will be able to manufacture millions per day. as the race is on for a vaccine, elsewhere, these companies are working hard to perhaps get a test that can be turned around very quickly. that will be important for states like california, which continues to struggle with a resurgence of cases. governor gavin newsom mandating statewide shutdown of indoor businesses, dining, bars, movie theaters, zoos and museums. new cases, 8,358 in california. more than 320,000 total. little more than 7,000 deaths in california. they have also seen a big spike in people aged 18 to 49. also closed, by the way, gyms, churches, nail and hair salons, barber shops in some 30 counties that have reported a spike in cases. i bring you this just because it

shows how not only in some cases has the reopening been paused, it's starting to head backwards which is not good news for the economy. of course, that's about it. i was going to get into bank earnings but all i can tell you is not bad but they are setting aside a lot of money for sour loans or defaults. more than $28 billion just by citi, jpmorgan and wells fargo which is also kind of a stark reminder where the economy is. neil: yeah. they are battening down the hatches just in case. great reporting, as always. ashley webster on that. also want to alert you to the fact that nothing buoys the markets like news that there's a vaccine or potential treatment or treatments for the virus. second to that would probably be more stimulus. i know normally these guys worry about spending too much at the corner of wall and broad but since no one else is really worried about it, they are hoping to see more. the question is what would that stimulus look like, what would be the makeup of it, how much

would it be and how much would it cost. the fact of the matter is that we ran an $864 billion deficit, that's how much more we spent than we took in, in one month, the month of june. we have never seen anything like that. we are looking at likely a $3 trillion deficit when all is said and done on the year, and that might be optimistic thinking. the raymond james policy analyst joins us now, edward stringham, american institute for economics president. it seems like gone are the days where the street worried about deficits and debt, maybe thinking spend this money now, do what you have to do now, address paying for it later. what do you think? >> yeah. i think you're absolutely right. it's not only the street who doesn't care about that right now, it's congress, it's the fed. we are in the middle of the largest ever fiscal and monetary experiment in the history of the world, and any economist that is looking at the current situation

especially with the resurgence of the virus says continued fiscal support is necessary. we believe at the end of the month congress will deliver on that but it's going to be a nasty fight, especially as we get up and close to the end of the month when the extra $600 per week unemployment benefit would expire. that would be a huge fiscal cliff for millions of americans that the market is really hoping to avoid. neil: you know, on that stimulus and the more generous federal unemployment benefits that ended that just -- at the end of this month, they are trying to come up with something that will incentivize americans to go back. congressman brady of texas among those saying maybe a one-time $1200 payment to entice them back. these are expensive things to do. what do you think? >> yeah, certainly, there have been a lot of experimental

policies and unfortunately, i think many poorly thought through ideas. we see the extra payments for unemployed people through the cares act meant that most of these people, high percentage of people are actually getting more money to not work than to work. that created tremendous disruptions for the businesses who actually wanted to get these people back on the payroll, get them off unemployment insurance. so i'm actually going to disagree with our friend ed here and say that there are certain economists including me who say these are just tremendously costly and there's lots of unintended consequences. there's this idea called the broken window fallacy and the idea is the government spends more money, it's going to increase gdp, but henry haslet and other economists pointed out you are actually taking money from the private sector so that's ultimately coming out of tax payers' pocketbooks and

corporations' coffers. neil: the other argument is how you pay for this down the road. there are a number of millionaires and billionaires who signed this sort of joint letter. abigail disney among them, niece of the founder of disney, saying tax me more, tax us more. get a wealth tax going, asset tax, whatever you want to call it, to pay for this. some of the virus relief and other things the country needs. i suspect that even if you tax those guys at 100%, it's not going to cover the cost of all this but your thoughts? >> yeah. i think you're right. what you see is that the amount of money we are spending versus what you would need to raise in taxes, they are really mismatched, especially for how much we are spending in such a short period of time. but i know that we are going to be pivoting towards the election in the markets here very shortly in november. if you do see an election where joe biden wins the presidency and there is a democratic sweep,

i think the market will be much more focused on what tax policy looks like in 2021 and beyond and joe biden has been very clear that if he wins election, that there's going to be a change to the current tax policy and taxes will be going up. neil: on that quick last note, if you don't mind, this notion that the federal reserve will always be there and the federal reserve will be the sort of backstop for what could be a huge selling wave or frustrat n frustration, that it has played a key role in sort of righting the ship, if that's how you want to put it, and it will continue to regardless of who wins the white house. what do you think? >> well, they have been trying to support markets, getting involved with corporate bond markets, that's been very interesting. but at the end of the day, they do have limited powers and they are going to be the first ones to admit that. they can't just press this magic button and solve all of our

economic problems whenever they want. and eventually, there can be upward pressure on inflation so one thing that they have been doing the last decade is paying interest on excess reserves, paying banks not to lend out money, and that actually, even from the federal reserve's perspective, has been limiting the ability for them to get money into the economy. that's also, i would argue, putting downward pressure on inflation so they are in a new atmosphere that it's uncharted waters and they have limited ability. neil: gentlemen, i want to thank you both. i appreciate your insight right now. so much depends on the kind of stimulus we see and separately, thank you again, guys, what will happen with the country and the phased reopenings that are delayed or stymied, even schools reopening right now, los angeles joining the likes of atlanta, saying right now we're not so sure this is a good move so

we're not going to reopen schools for in-person classes. at least half a dozen other cities and/or municipalities are kind of staring at the same reality. what to make of all of that with some examples from abroad on how they handle issues like that. benjamin hall in london with how europe and other foreign entities have got the reopening thing down. reporter: hi, neil. in fact, a number of countries around the world have reopened their schools and what we're seeing overwhelmingly, according to public health experts in those countries, and that's much of europe, that's much of asia, south korea, japan, malaysia, is that they have not seen large-scale spikes in the number of coronavirus cases, that they have not seen much covid transmission among students, particularly in the under12 age group. as a result, schools around the world are not only reopening, they are abandoning some of the social distancing measures that were put in place, and instead,

they are switching, putting new renewed focus on hygiene levels and in some cases, schools are now mandating temperature checks, handing out covid tests at schools and of course, we keep coming back to this point that mental health considerations of keeping kids off school are just as important and significant as the medical ones, and that is something we have seen president trump reiterating. >> schools should be opened. schools should be opened. kids want to go to school. you're losing a lot of lives by keeping things closed. reporter: it is of course very important to acknowledge that schools have only reopened in those countries where the virus is under better control than in many parts of the u.s. they are further ahead in the pandemic and there are still public health officials who warn that school reopenings are still in their relatively early stages. some countries, six weeks, some two months, some less than that. there is also more concern for people, for students aged 12 and higher, teenagers, college age students, because they are more susceptible to the virus but

again, the mortality rate in that age group is very low, next to zero. neil? neil: thank you. i had three edwards so i apologize for calling you edward. thank you very much, my friend. very good reporting where we stand. to benbenjamin's point, there a some that have school year round. that's why some are opening up and dealing with this okay. certainly much of europe, southern europe and certainly the case in asia. so we will keep track of that. we will keep track of as i told you about los angeles, how it is going to delay school openings. that could have a thing or two to do with what's going on in the entire state of california. shutting things down almost back to where we were a couple of phases ago. after this.

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neil: is it me or is everyone getting into the grocery business? we are just getting word google wants to enter the food delivery business. it plans right now for users to search and discover restaurants on the search engine, order it and then transact on it so on top of that, you are getting your food delivered, you are also getting your groceries but the fact is, it's now the way of

the world, right. you have so many of the key players either merging, combining, others getting oomph with bigger players but this seems to be the future born obviously of what was going on with the virus when a lot of folks were home ordering out and having stuff delivered to them. google now a big player in that arena if all this is to be taken at face value. we'll see. want to go to charlie gasparino. early in the show, kevin brady and a host of others were on talking about new wave of stimulus. republicans leery of pouring too much money into that but also leery of not looking like they're going to put up some money, especially in an election year. charlie gasparino has been following these fast-moving developments on the stimulus front. hey, buddy. charlie: how you doing, neil. mr. brady left out the sort of interesting pressure that's on right now mitch mcconnell and the senate majority leader to get something done before the august recess. you know, i earlier reported a couple weeks ago that it didn't look like there was much

momentum to get it done, that maybe another stimulus would come in september. obviously that momentum has arrived. it arrived through an interesting combination. it looks like it's the white house, donald trump, larry kudlow, steve mnuchin, wanting a stimulus package so it kicks in the economy hopefully before that october unemployment number date which they think is crucial, getting unemployment down below 10% in october for the home stretch of the 2020 elections, but it's also coming from vulnerable gop incumbents, particularly in the senate and there are a lot of them as you know. the senate could flip because of these vulnerable gop incumbents and they want a stimulus package soon as well. again, to get the economy rolling for that home stretch. so that's what mitch mcconnell is facing and it looks like it is working. now, here are some of the sort of the interesting little details that are going on behind the scenes. mcconnell apparently wants -- really wants liability

protection for companies that open amid covid so they don't get sued in class action lawsuits. he's willing to give up state aid if that's direct payments to states, also maybe even to the -- to new york city mta. by the way, new york city mta is a state agency, we should point out. it runs the subways but they are in desperate shape so some of that money would go to the new york city subway station which is run by the state mta. that, however, would have to have some strings attached, from what i understand. mcconnell really does not want that money used to plug pension fund deficits of these big states like illinois that give their state workers gold-plated pension funds and they are now in arears so they want that somewhat targeted. the other thing i hear is that $600 supplemental check that was being given to people for unemployment on top of unemployment insurance, that's going to be some sort of phase-out of that. i think that's another thing that's on the table. you get your $600 but then it goes quickly down to $300 to

$200 to $100 and it goes down maybe over a course of a month. and then here's the other thing that's interesting. it doesn't look like there's any infrastructure in this plan. the question is, do you get a separate infrastructure bill and it's going to be difficult. once you get this thing through, you got august, you have the home stretch of the election, it's going to be hard for both sides to agree on an infrastructure plan, at least that's the sort of consensus among congressional aides and lobbyists. so that's where we are right now. a little bit of an interesting snapshot on where we are on the stimulus plan. again, it's going to start kicking into high gear, the negotiations. they are already going on, but they will get pretty frenetic in the next week or so. they want to get it done before the august recess for obvious reasons. there is compromise in the air. the compromise is being pushed primarily because the white house sees the writing on the wall and so do vulnerable gop incumbents that they need to get the economy or at least keep it going in this direction, hopefully get unemployment down

below 10% for the home stretch of the 2020 elections. neil, back to you. neil: thank you, charlie gasparino. appreciate it, my friend. you've heard about the dozen or so companies, biotech concerns that are working on possible vaccines and/or treatments for the coronavirus. did you hear the one, though, being put together by a guy who so happens to be a minority owner of the los angeles lakers? do not dismiss what this guy is up to. because it could be quite literally a game changer. (vo) the time is coming for us to get out and go again.

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neil: all right. read what you think and think what you read. nba players given the green card here to go ahead and put whatever they want on their shirts to a limit here, allowing now free hong kong to be printed on custom gear. this after many of them were protesting that they had the right to do that, to put things

like black lives matter and just state their case. hillary vaughn has been following all of this. hillary? reporter: hey, neil. nba fans that wanted to show support for hong kong protesters by putting the words free hong kong on the back of an nba custom jersey weren't able to do that until today. take a look at this video from yesterday, when one fan tried to put the words free hong kong on a custom jersey on nba's online store and he got a message saying the jersey could not be customized with that text. fanatics, the company that runs nba's website and call center, says the phrase had been accidentally banned and now it's not, saying in a statement quote, the phrase was inadvertently prohibited on all our league online store sites and has now been fixed but the nba is getting more blowback because customers were able to customize jerseys online with derogatory and profane phrases targeted at police, things like the phrases kill police and "f"

police with the swear word spelled out, were able -- customers were able to order jerseys with those phrases on the back of it but fanatics confirms to me that even if a customer bought a jersey with that custom lettering on the back, ultimately they have checks and balances in place to make sure that that jersey would never be manufactured and that jersey would then never be delivered to the customer. the order in effect would essentially be canceled but a lot of people are saying that this is a double standard and it's putting nba's business in china under a microscope. senator josh hawley wants nba commissioner adam silver subpoenaed by the senate judiciary committee to disclose the nba's financial ties to the communist party. >> nba makes billions of dollars in china every year. they won't say a word about what china is doing in the world. they won't say a word about what china is doing in hong kong or in the concentration camps. why, because the nba makes so much money.

reporter: they bring in about $500 million every year in direct revenue from china. nba china is a separate business arm of the nba. it's valued at $5 billion. they also have a $1.5 billion deal with china's streaming platform tencent and their fan base there is huge. 500 million chinese fans tuned in to at least one nba game last season so this billion dollar behemoth of a company and their ties to china could be under scrutiny here in congress if senator josh hawley has his way. neil? neil: all right. hillary, thank you very very much. we misidentified the party affiliation of senator hawley. he is of course a republican, not a democrat. i do want to get the read on all of this with dr. patrick, who runs a company and interestingly for this segment, is also a los angeles lakers minority owner.

good to have you back. so much to talk about. your thoughts on this move where, you know, free hong kong, the lettering like that on shirts, nba equipment, fine by you? >> well, you know, look, i think we should fight for democracy and freedom wherever we are. i think as a nation we should lead and with regard to the nba, obviously, this is something that adam and the owners need to actually discuss. it's hard for me to comment just having heard this literally on your show. neil: i understand that. it just seems like a lot of players want to express their view, it could be on anything from black lives matter to incidents like these and i'm wonderi wondering, you know, as a player yourself in the league, and minority owner, is that the responsibility of the nba? should it be even involved in that, pro or not?

>> i think from that perspective, you know, the idea of actually making a statement that black lives do matter is something the nba should take on. from that aspect, i thought you were asking me about the hong kong and china issue. but i think the players themselves want to make a statement, they should. they should be able to do that. neil: all right. without any penalty coming from the nba or the various team owners. let me ask you, we were discussing obviously the coronavirus last time we were here, obvious treatment that might be in the making, there are a dozen companies, biontech, other concerns, some well known, others less known, trying to come up with a vaccine and/or treatment, even antigens that can quickly find out whether you have the virus, but you are coming up with something yourself. can you detail that to me, what you are working on? >> yeah. let me explain to you what my concerns are. i think there's a concern now that i've had for months and

months, is that most if not all the vaccines that have been developed is against this thing called the spike protein which means it's trying to develop antibodies to block the protein to keep the virus from entering. the concern is we don't know how much antibodies, the other concern is we don't know how long it will last. then the third concern which probably is one of the biggest concerns is could this actually make the person next time they get an infection, make it worse or could this person continue to spread virus despite the fact the antibodies are there but not enough. so we have taken a very different approach. by actually looking at this virus as if it's cancer, which means you really would try and find three types of protection, one, the t-cells in your body, two, these antibodies, and three, antibodies in your mucosa

because this virus gets no yoin your gut, into your mouth, into your lungs. that's a different antibody called mucosal immunity. if you could find all three, you would have a triple whammy. now, my concern was also, this is why we have gone a little bit to left field and gone a little quiet, is if all these injections are going to go out there are sufficient, you would then need a boost through -- it's not practical to keep coming in for injection so if we could invent or develop a capsule, an oral tablet, basically an enteric coated capsule like tylenol slow release capsule and put vaccine inside the capsule, you could now have a pack of capsules at home and quite literally every three months, take a boost by swallowing a capsule.

that is not unrealistic and in fact, that's what we are doing. so we are unique in all these developments in the fact we have developed an injectable form, then we send you home with capsules. that's what's exciting. that will be a game changer because now, there are now tests we are also developing as a companion to this where we would test every three months your neutralizing antibodies. neil: we have already heard from the world health organization, doctor, i didn't mean to jump on you there, but there is concern now that antibodies eventually have a short shelf life and separately putting out a report that some people's immunity could be gone in months and that we have taken too much hope on these early antibody reports. does your treatment address that? does it have more staying power, the antibodies, that we are talking about here, that could ward this off for significantly

long periods of time? >> exactly. you hit it exactly on the head. antibodies unfortunately don't stay around long and secondly, you may have seen reports yesterday that patients that are infected come in, have gotten reinfected. whether that's because of antibodies have gone away or not. so i don't think antibodies in its own self is sufficient. what we need is a combination of antibodies and what i call t-cells. that's why i said we have been treating this as if we're treating cancer. if you have t-cells which are the cells that kill the cells that are harboring the virus as well as the antibodies that blocks the virus from coming in, and then third form of antibodies in your mouth, gut, which are called mucosal antibodies, if you have these three, i think that's your best shot. we are the company that are taking the approach to develop

all three in the program of the vaccine. so one is an antibody, the other one is a t-cell and the third one is an oral capsule. if you do that -- neil: how far along on this, doctor, are you right now? >> so the injectable form, we have completed the manufacture. the oral form, believe it or not, is completed and i'm trying to tell you that a healthy volunteer has already taken this oral form and shown neutralizing antibodies 28 days after taking the capsule. so it's the same platform of taking the adenovirus, common cold virus, and putting the covid sequence into it. now we have, you know, three-way attack to get t-cells, antibodies and mucosal immunity.

neil: we will watch it very closely. dr. patrick soon-shiong, very good having you again. if it pans out the way you outline, that could change the entire landscape of treating the virus like cancer rather than kind of dilly-dallying around it. might have a novel way of making revolutionary progress. stay with us. ♪ ♪ ♪ ♪ ♪ ♪

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jackie: welcome back. i'm jackie deangelis. we are watching the cruise lines today because we know the injury has been decimated by the covid-19 pandemic. you've got trips on hold in a lot of places saying we don't want boats coming in or out of our ports. key west is one of those. it's a major launch pad for cruises and they are going to be voting on limiting cruises that set sail there in 2021. we are talking about next year, because there are concerns about foot traffic and the risks that are associated with it. now, that's as the town council

in bar harbor, maine did just recently vote to block cruise ships for the remainder of this year, but the industry's actually now saying not so fast. cruising is actually a very safe way to travel. royal caribbean and norwegian have assembled what they call the healthy sail panel to ensure that cruises can set sail in the safest way possible. the panel includes co-chairs, the former utah governor and secretary of the department of health and human services, also former commissioner of the food and drug administration. they are saying it's not just about the coronavirus, but the overall prevention of disease in general. they are exploring things like ultraviolet light for the purposes of sanitization and also looking at how meal service could be safer and dining as well. there's a new message coming out about cruises. listen. >> it's the safest hospitality venue. it is the safest option. it is safer than getting into an

uber. it is safer than staying in a hotel. it is safer than getting on an airpla airplane. jackie: but there are still a lot of skeptics out there. the administration for one isn't sold on cruise safety and the public is still pretty fearful. the stock market has reflected this. you look at that year to date chart of royal caribbean, you can see exactly where the pandemic was in march, when it hit, because that stock price just tanked and it's the same thing with norwegian, neil. we will have to watch the cruise lines carefully but the industry is certainly saying they are doing everything they can to make it safer. neil: they just want to get back in business. jackie, thank you very very much. you know, there's an interesting development at the white house where they are partnering up with some very big tech players to essentially remind folks, you know, a four-year degree isn't the be-all and end-all. charles payne has been following that. charles, that's something you have echoed for quite a few years now. sometimes this cookie cutter approach we have misses some important skill sets, huh?

charles: absolutely, neil. it's actually resonated a lot more in the last several years as people have piled up enormous amount of student debt, $300,000, $400,000, $500,000 worth, having many wondering was it worth it. one of the attendees at this meeting will be the former ceo of ibm, gina rometi. she came up with a term, you need more than high school, less than college, great paying jobs, there's a sweet spot for where this country is going. we cover it every day in the stock market. all of these names that are rocketing to the upside, they have those kind of jobs, whether it's zoom, whether it's adobe, whether it's amazon. they have these jobs out there, they are ripe for the plucking, particularly for americans. someone's got to train them, though. that's been the big debate. neil: this goes beyond those who want to be electricians or plumbers.

this goes -- this is expanding the definition of what's a skill set, right? charles: absolutely. and again, you know, the notion that you've got to rack up mind-numbing debt that you may or may not ever pay off, certainly that will hurt you getting started with your own life, delay getting married, delay having children, delay you buying a house. you know what, you can get right into the job market if there was a way and this administration pushed really hard, particularly ivanka trump, on this notion. she talked early on about germany and their educational system where some of this kind of stuff is already being taught on a high school level. certainly we are behind the curve, although the jobs are materializing here. the technology materializes here. you know, two weeks ago there was a big debate over the h1b visas. neil, there are four levels to those visas. they are not all michael jordans of engineering coming over. the first two levels are entry level and competency levels, right. 60% of them, they make a lot less than people who work here, i think it's all about money and

all about the tech companies getting a cheaper worker but they are americans who would love those jobs and just need a little bit of training to do them. neil: yeah. i think you're absolutely right about that. charles, thank you very much. look forward to your show a little more than 12 minutes from now. charles payne on all of that. maybe this has to do with something charles was just mentioning but we are getting word the president is planning a press conference at 5:00 p.m., a little more than three hours from now. whether it's to address the new job initiative and other talents and skill sets that are popular abroad, not so pushed here. i have no idea. the president will be addressing reporters at 5:00. more after this. businesses are starting to bounce back.

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neil: all right. everything old again is new again. remember the ford bronco? it's coming back right now. first new models in a quarter of a century, 25 years. all under $30 ther,000 to start. that's meant to go right after jeep wrangler and others. gary gaftelu on the significance of all of this. gary, what do you think? >> ford is tapping into its past

to forge its new suv focused future. it's got the new bronco midsized suv truck and bronco sport crossover, both part of a new subbrand of ford they are putting together to take on jeep. the bronco sport or the bronco goes straight up against the jeep wrangler with the removable roof, the removable doors and extreme off-road performance. by the time these go on sale late this year, early next, [ inaudible ]. no family cars. i asked ford's ceo if they are cutting the pie too small. he thinks it's a different kind of customer that will bring incremental growth to the brand. >> the common theme is going to be someone who really needs to go off-road either for their job or for their hobby, and they also want a vehicle they can live with to commute and do the normal things you do. >> jeep sells 228,000 wranglers. the other competitor, toyota

forerunner, sold 141,000. those represent pretty much maximum capacity. they are among the highest resale value of any used cars on the market. really showed the kind of demand there are for serious off-road vehicles. ford has had a tough year this year but trucks have been a bright spot, especially the ford ranger which is what that bronco truck is based on. that's up 20% last quarter. neil: my memory goes back to o.j. simpson and the ford bronco chase. that's when it gained international notoriety. not so much since that time. they disbanded it shortly thereafter. i'm wondering what made them think now is the time to reintroduce it. it does seem like a smart move, it's a neat looking car, neat looking vehicle, i especially like the open roof. but what made them switch?

all right. i think we lost contact with him here. again, you will see a lot of oldies but goodies returning. obviously the mustang, even an electric mustang but a lot of the older version of cars or vehicles, suvs in this case, that are coming back, with new wrinkles from what their original offering. i guess some neat developments. from ford, maybe a timely chance to sort of rise to get people's respect again. we'll see. meantime, at the corner of wall and broad, certainly buyers are respecting the momentum right now. we are up about 366 points. again, a lot of this buoyed by encouraging developments on the vaccine and/or treatment front. there are a couple very big names that are getting attention. we have explored them. we will continue exploring that. but if you add it all up, someone was correcting me, e-mailing me, there are actually 15 biotech, well-known and other less-known firms that are coming up with either promising partnerships and/or treatments.

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[camera man] actually anyone 50 or over is at increased risk for shingles. the pain, the burning! my husband had to do everything for weeks. and the thing is, there's nothing you can do about it! [camera man] well, shingles can be prevented. shingles can be whaaat? [camera man] prevented. you can get vaccinated. frank! they have shingles vaccines! -whaaat? -that's what i said. we're taking you to the doctor. not going through that again.

[camera man] you can also get it from your pharmacist! talk to your doctor or pharmacist about getting vaccinated. neil: we're getting word that the white house is changing crackdown on foreign students studying here, while have to do it online. this, a lot of high-tech companies that hire a lot of foreign students they couldn't study here, they have to

skedaddle out of the country. now we're told this new measure would allow them to gradually phase that in only for new students arriving from other countries and studying here. that those existing students here could stay here. it's a little too early, but it could be a game changer. now charles payne. hey, charles. charles: hey, neil, thanks again. and good afternoon, everyone, i'm charles payne. this is "making money." breaking right now, a more cautious market after yesterday's rally wilted into the close. the good news buyers might discover new names and broad the rally, including hot retail names not named amazon. why 10,000 traders buying tesla per hour just can't be ignored. the implications of the new hot stock i'm calling a market bellwether. joe biden detailing his plans to address racial injustice with typical spending on steroids while the white house focuses