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tv   Cavuto Coast to Coast  FOX Business  July 16, 2020 12:00pm-2:01pm EDT

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it's "friday feedback." you have time to send us comments, questions, suggestions whatever you like. email us at varneyviewers@foxbusiness.com. one point, keep it short, very much to the point. i'm done. neil, it's yours. neil: i don't do that. you know, there is a reason why because they don't keep it short and tote point and it's very, very -- it's tough on my ego. you're a brave man, stuart, look forward to that. thank you very much, my friend. corner of wall and broad. we're down 123 1/2 points. true to our name, "coast to coast we're everywhere what is going on now. in washington, d.c., the 2020 race is on, the polls looking for the president is not looking good. one doozy has former vice president joe biden leading him by more than 11 points. california restaurant owners are
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struggling. some are suing. florida, live update to miami, cases spiking even as disney world continues expanding its reopening. to new york, where protesters are once again clashing with police. the police are saying enough is enough. busy day is going right now. welcome, everybody, i'm neil cavuto this is "coast to coast." latest polls, still early, everyone likes to remember that the same kind of polls that used it show it would be president michael dukakis. it was going to be president hillary clinton and it wasn't. but all of a you had isen these polls continue to play out the same theme. it is not that erratic. they continue expanding. in the case of joe biden, continuing to build a lead. even scoring better than the president on the economy which had been the president's sole issue in his favor. again things could change but charlie gasparino, reporting on the wall street feel of all of this, sort of hedging their bets just in case, looking at maybe a
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different portfolio if that ends up being the case. hey, charlie, what are you hearing? >> that's about it, neil. wall street is clearly worried about a biden presidency. it has not shown up in the stock market just yet. low interest rates are ruling the day. they're not just low, they're at zero. there is not a lot of place to put your money right now, but when the fiscal policy impact of a biden presidency gets totally digested from the markets you will see some volatility, at least i'm hearing from people inside of major brokerage firms. they're clients are scared. they're asking how do we rearrange our or the folks, estate planning if joe biden gets in there how do we protect our wealth? why do i say that? joe biden may sound moderate of raising corporate taxes from 21% to 28%. the trump administration took it down from 34, to 35.
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he wants to put it up to 28. that is not so bad. what he will done at individual side. how he will pay for a 2 trillion-dollar program of new jobs and stimulus he has been touting. that we should point out almost device as large, three times as large as the stimulus plan, barack obama his president he served under barack obama back for eight years. that is almost twice as much as the stimulus plan barack obama implemented following the 2008 financial crisis. two trillion dollars, on top of trillions we have in debt, deficits because of our stimulus plan for the coronavirus will have to come from somewhere and if you look at the details of the biden economic plan, it is going to come out of the wallets of individuals, particularly individual investors. he has got a bull's-eye on capital gains. on upper income individuals. on their tax rates. on estates, transfer of money
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from estates. wealth taxes. this is all in the cards. here is where it could really get rough sledding, neil. i've been asking wall street executives, some of the top people at these firms, who do you think might be the treasury secretary under president obama, president biden, if he does get elected? again it's early. we got some time here. not one debate yet. donald trump will make all these points during the debate. who would we get as treasury secretary? a lot of people say larry fink, head of blackrock. seems moderate. handle as lot of work for federal reserve in its portfolio. roger altman, names bounced around, tony james of blackstone, another long time wall street denizen who has been working with democrats. but also what you hear is, is it possible that elizabeth warren, that he might, biden might look
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to, appease the progressive left to make elizabeth warren his treasury secretary? if that happens, you will see volatility squared in the markets. on top of people pricing into the biden tax increases. a lot of presupposition. a lot of people worried about wall street about the impact of the biden administration. point out m firms, man democrats. they profess not liking donald trump. people that work on wall street, particularly the wealth advisors, they care about money. they're seeing that under joe biden the money of their clients could be going to the federal government pretty quick and they're worried about that. neil, back to you. neil: yeah. they should be. that is a real concern here, especially those who come from the new york tri-state area where all the governors around kicked around the idea of a surtax on the wealthy including new jersey where phil murphy says that is all but inevitable. we'll follow that. great reporting as usual, my
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friend. charlie gasparino was all on this potential biden portfolio what you do before anyone. i hasten to add very early at this time michael dukakis had the big league. we had him on talking about. that they were already talking about who he would populate his cabinet with. he didn't have to worry about that in the end. we're moderating this. it is a concern for some. look to make money wall street. i said it so many times, you're sick of hearing it. they're not red, or blue, they're green. they love money, money. blake burman loves money, hides it carefully as young reporter, enterprising young man. obviously the folks in the building behind you, blake, they're concerned about the status of these polls they have made some switches in the campaign staff, haven't they? reporter: as big after switch that the trump campaign can possibly make because it was late last night that when the announcement came down, brad parscale, who had been in the roll of campaign manager for
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trump campaign 16 months would no longer hold the title. we should no one ever held that role as long as parscale did, no one back in 2016. he had the title for fairly long period of time. just like president trump did in the homestretch of 2016 he is making a change with campaign managers down the stretch here in 2020. so stepping into that role now is bill stepien. he was in charge, neil, no real stranger to us at white house here several years, was part of political shop, ran it at the white house beginning of the trump presidency. this was someone who very much stayed away from the limelight while here at the white house. he will have the single biggest role at the trump campaign. the campaign is defending this move. they say, they claim, not as reaction to the tough poll numbers everyone has seen. rather they will say stepien focuses on what he does best, running a political operation. parscale will focus what he does best, running a digital operation. watch here. >> first of all he is not
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demoted. what brad is focusing on is the digital strategy. he built something no one thought possible, raising money at clips at historic levels. bill stepien in his own right, smart, very talented, very politically savvy been in and out of this town his entire career. i'm looking forward to working with them both. reporter: should get more clarity from the white house. we should hear from the press secretary next hour and president trump later today, he will be touting deregulatory agenda at white house. senior administration officials contend this will not be a campaign style event. they are not saying if there are any new announcements. here is what they tell us leading into this, we'll be sell it braking a bit of a victory lap, what that vision, meaning deregulation, more opportunity less government done for all americans but et cetera specially for those americans with the least amongst us. we're told, neil, the president will be touting how every new federal regulation, seven deregulatory measures have been attached to that. and the administration is going
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to claim later this hour, later today, neil, that because of their deregulatory efforts. they say that will mean $3100 for each family annually. it's a big number. that is what they will put forth this afternoon. neil? neil: as you reported, a whole economic juggernaut and growth of the market started with the deregulation push because that was cemented long before tax cuts took effect. they have a reason to crow about that. we'll see what happens. always fun, blake. thank you very much. blake burman. let's go to bob cusack, "the hill" editor-in-chief. in the middle of all of this you still have strong economic numbers, bob. we saw confirmmation of that, with a strong retail sales report. claims continue to go down. i know we have 17 straight weeks over a million but with each and every successive week they continue to decline. we've had back-to-back jumps in the retail sales area, to say
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nothing what has been happening on the real estate front. so that would, you could argue could be wind at president's back but not in these poll numbers. what do you make of that? >> i think it deals, the big question is the virus. are we getting better, are we getting worse? as cases continue to climb and some states are basically backing up they're pausing reopenings. there is big debate on schools now. in the fall. and that is i think will be the key thing. who is going to be better dealing with this virus. neil, this issue, this virus is not going anywhere. we'll be dealing with it in the fall and beyond, beyond the election. and because of that, but you have seen a shift with the president. he has seen now with publicly with a mask. he is maybe moving a little bit to the middle because he says he will have some type of fix for dreamers after the supreme court decision. he has got his base but he has got to expand it right now because, yeah, it's early but we're closing in on 100 days,
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neil, these numbers for the president are not good. neil: you know, you reminded me of polls in the past hough wrong they can be but what would trouble i think the president at least looking at the trend here, oddly enough he is losing in the area that he typically at least always bested joe biden prior, that is on the economy. the economy has come back markedly. there is delay on this there is concern as you said about the virus, the slow reopenings, reverse reopenings, i get that, but that is a little startling. what do you make of that? >> we all said before the virus, the virus is not trump's fault. it came here, originated from china and spread all over the world. but, if we always said that if trump lost the economy he was probably going to lose. so the fact that he is losing on those numbers, you're right, the market had a very good last quarter after some very dark times, he has got, he has got to
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win the economy. if he wins the economy he has got a shot at this. but that means the economy has got to get stronger going into the second hatch of the year into fall. if joe biden is winning the economy, remember he is not campaigning right now. he is in his basement and he is winning. that is why democrats say stay there, don't do anything. neil: you know, soar of the move to put brad parscale aside, do you think changing some of the campaign chiefs is going to move the needle? what do you think? >> i don't tremendously t might be half a point or a point overall. i mean this comes down to president trump. he had a very difficult june. his numbers tanked. the virus issue is not helping him right now. so, but, you know, as charlie was saying, we haven't had a debate yet. there will be three debates. the president wanted more. the biden said no. we'll stick with three.
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that is where trump may have to sweep the debates. that can change. remember carter and reagan, it was close actually weeks out. and then reagan ended up winning 10 of every 11 electoral votes. reagan made a huge comeback. trump is the underdog right now. can he win? yes. will it be difficult? yes. it is up to him. not his staff. he has to be on message and hammering joe biden on policy after policy and policy tying him to the left. neil: i forgot about carter thing. agreed to one and only debate with reagan a week before the election. he probably rue the day he agreed to that. that was then. we'll see what happens now, my friend. thank you very, very much. probably heard about this twitter hack attack. it's a little bit more involved than we know. what if i told you besides some big names roped in like
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bill gates, barack obama, warren buffett, so many others, it must have been an inside job? that is pretty scary, after this hike!
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♪. neil: you know it almost seems routine to say some other big entity had hack attacks. it's a little scary when it involves twitter. it is pretty scary when it involves big name accounts like barack obama, bill gates, joe biden, elon musk, a host of others, another matter entirely, it might have been, might have been started as an inside job. susan li is following the story very closely. susan what do we know? susan: we know there was an attack, a report, suggesting it might be an inside job. as you put up on the screen, it was stunning with the likes of , companies like apple and uber. you saw their accounts were hacked. probably one of the biggest security breaches in social media history. all the posted a message that led back to a bitcoin scam that may have netted hackers $100,000 at the end of it.
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twitter said it was coordinated engineering attack to targeted employees and our internal systems and tools. that means employees were tricked into giving up their passwords and access to the internal system, then the accounts. jack dorsey, twitter founder tweeting apology, writing it was a tough day for us at twitter and we all feel terrible that this happened. this raised questions about security and privacy on social media, especially as we head into the november elections. and how do you protect everyone's privacy and security online? you're probably wondering why hackers couldn't get into president trump's account. i spoke to the security experts. they tell me there was heightened security around the president's account especially with very limited restricted access internally. we do have twitter shares falling today. sizable volume selling the stock down, some reactions here. we have joe biden tweeting this out, playing off the hack yesterday, i don't have bitcoin. i will never ask me to send any. if you want to chip in to make
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donald trump a one-term president you can do that right here, sending a link to his fund-raising campaign. we have u.s. house intelligence, one official there saying they are in touch with twitter regarding this hack. the fbi says they are aware. josh hawley, senator, sent a letter to ceo jack dorsey requesting cooperation with the doj and the fbi as well. who actually perpetrated this hack? we still don't know just yet. it was more of a phishing expedition, got access to passwords and internal accounts. neil: do we know people gave money thinking they would get money back, compromised information, lost out on that do that the company will reimburse them, that twitter would reimburse them? susan: twitter has not said anything about reimbursement. sadly for those that fell for the scam, bitcoin only way you get money back, if those you
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send the bitcoin to, refund your money n this case it looks very unlikely. neil: incredible stuff, great reporting my friend, susan li on all that. theresa peyton, former white house chief administration officer under president bush 43. very good to have you. what are companies obligations do you think if people were misled or sounded like one of those proverbial too good to be true deals and they lost money on that? does twitter owe them anything? >> they may not under the current laws owe them anything, certainly i came from the financial services industry, neil, if your credit considered gets stolen and somebody goes on a shopping spree, the bank has to make you whole. twitter needs to step up to do the right thing here but if they don't, perhaps the ftc should step in and say fraudulent activity happened on your platform. it is time for some new regulations and you need to pay
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people back. neil: what about more aggressively policing the whole, you know, digital currency platform? there are so many players but it is sort of like the wild west. it might be a promising technology. it might offer alternative to traditional paper currencies going forward, this is a classic case what can happen when it gets out of control? >> it is and this has been on on going challenge with sort of the wild, wild west of cryptocurrency. this is also part of the appeal. many legitimate businesses use cryptocurrency but there are a list of activities you have. it is hard but not impossible to track down the digital wallets and who they belong to. we know the fbi did that during the silk road case so it is possible but it is quite challenging. neil: if it was an inside kind of a job, or that players within tweeter kind of, sort of cleared
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the field for these hackers to get what they wanted, and the money they wanted as well, $100,000 seems to be the ongoing figure here, what does that tell you? >> well it tells me a couple things. for starters yesterday if that wasn't the wakeup call for social media companies to get incredibly serious about security and securing their platform which many people go to get their news from that platform, neil, i track you on twitter and other social media and so, this was not the wakeup call i don't know what is going to be. we're heading into a presidential election here. what if this the week before the election and prominent vip accounts were hacked and promote ad false truth? there is very little time to have voting psyche see what they unsaw, and what was true and
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untrue. this is real serious challenge and could be preventable with the right insider threat program in place. neil: well-said. theresa peyton, thank you very, very much. we will look at this again. twitter has not outlined to do what they will do to police the action. it's a medium, powerful social media tool, that is putting it minimally. use of these devices, with these extra packing features, the whole world is vulnerable here. so right now, mr. dorsey is a nazi. we'll follow that a lot more. we'll follow along in the states reimposing restrictions. it seems like for the umteenth time, it is back a bad abbott and costello issue for the restaurants. open close, open, close, imagine trying to open or close in that environment. you don't know which end is up.
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♪. neil: all right. just because you have been open for business does note mean in new york that you're free and clear to stay open. new york governor andrew cuomo restaurants or bars in new york city receive three or more strikes for violating social distancing rules will be closed. this come at a time a lot of these restaurants, bars and the likes, gotten a little too close for comfort, a little too crowded. the governor says you keep getting called on this stuff, we'll shut your heinie down. more from sean kennedy, the national restaurant association national vice president of public affairs. sean, this is only the latest kind of threat on restaurants, that even if you're trying to do things the way the state outlines all it takes, you know, someone getting back to him,
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well, they weren't quite exactly social distancing and do that a number of times you're out again. what do you think of it? >> the biggest challenge facing us right now, neil, it has been four months since we've seen restaurants shut down, allowed to reopen in some form or fashion, just over the past two weeks, almost within hundred thousand restaurants have been told they need to close their doors again. restaurants don't have on-off switches that work well. it is capitally intensive to shut down a restaurant. it is incredibly capital intensive to start back up. we are industry have 15 days capital on hand. when the restaurant owners say we'll give keys back to the bank. we're out. that is problem if you're the nation's largest private sector employer. neil: what happens invariably, a lot of governors, mayors, cities affected say, hey, we don't want to do this, you're ignoring
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distancing rules, capacity rules and we call out on it and you affect everybody. what do you say. >> we have not seen a problem. restaurants were highly regulated for cleanliness and safety. we want people to come in and enjoy themselves and do so in a responsible way. we're spending more money on ppe, training, contactless payments. so we don't see the problem right now as rogue actors. we see the problem right now as lack after federal government response to deal with the fact that our industry, the second largest employer is really on the ropes right now. neil: you know, there are other creative ways states find a way of sticking it to you guys. i believe it is south carolina, beginning at 9:00 p.m. now, they will limit, you know, music in clubs and other restaurants, even karaoke which is fine by me because i can't stand karoake, my point being that is a
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creative way to zing you guys? >> that is challenge. restaurant owners are masters of ingenuity and on theship. we'll find a way to serve our communities but that will be a lot tougher. we have a blueprint we're seeking from congress to go a long way to weather this storm and keep our doors open for the long term. neil: so what, you know, looking at the entire association and your policy, for example on masks, obviously you can't wear masks while you're eating, i get that, but in most states you have to enter the restaurant as a customer with a mask. as you do increasingly retail establishments from walmart to cvs, to sam's club, host of others urging that. how do you feel about that policy? a lot of people have been pulled aside going into restaurants in some of these states where that's an order, they argue, well, i will be sitting down eating with my family, i don't need to come in a mask? >> i think the biggest challenge for us is restaurants really do
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not want to be police officers of government mandates like this. we are an industry of hospitality. we also want to make sure people feel confident they can safely come in. so if there is a mask mandate, we'll do what we can to enforce it but if it is going to be put upon us, we need to have support from local government so we're not the mask officers every time someone wants to come in. neil: sean, we'll follow it very closely. sean kennedy national restaurant association executive vice president. we're following one of the other developments. one thing weighing on markets, growing friction with china. we have already sanctioned china over how it treats hong kong. china went after lockheed martin over high-tech sales to taiwan. and on and on. back and forth. our former ambassador to germany, former acting director of national intelligence, ric grenell what could be in store
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♪. neil: all right. forget about whether we're looking at a trade war here. we were talking to a former top general, retired general yesterday on fox news that said he is worried about an outright war, that the sabre-rattling we're seeing out of the chinese, continuing to militarize islands in the south china sea. we sent carriers there to sell the chinese this has got to stop. friction over matters like lockheed martin selling arms to taiwan. china promising to sanction lockheed martin. president moves because of treatment of the hong kong protesters at the hands of china, to sanction them. china is threatening sanctions in return. where is all of this going? happy to have ric grenell here,
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former u.s. ambassador to germany. former acting director of national intelligence. ambassador, always good to have you. where are we going with china? wondering whether they will make good buying goods from us but top military types are saying this could dissolve into far, far scarier, what do you think? >> i think the warnings are real. people who are concerned should continue to be concerned, we have a difficult relationship with the chinese right now. it is communist china. they have a secrecy policy. they have policies that, if you do business in china all of your information can be grabbed and will be grabbed by the communist party. so with that said, i think we have to be very thankful we have president trump. i will tell you why, neil. the trump doctrine has really developed into very tough sanctions and actions on
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countries, but also a willingness to talk and so we see that with iran and north korea and even venezuela. we have the ability to talk. it is one of the reasons why i think joan bolt tone decided to -- john bolton decided to bolt out of the administration, he didn't want to talk. he didn't like it when president trump said, hey, we can be really tough, we can have sanctions on russia but we have to have an off-ramp. that is exactly what we're doing with china. we're trying to be very tough. we're changing our policies but we're letting them know we'll always be willing to talk if their behavior changes, then the actions will change. neil: you know, ambassador, i did have a chance to read john bolton's book, on china he said in particular that president was all over the map. i wasn't in the room where all this happened to play off the book's title. sometimes he would be very, very
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tough and suddenly very, very easy. he would be opening making a deal that would include huawei with protections then 24 hours he takes that away. he blames much of the confusion of china policy right at the president's doorstep. what do you think of that? >> look, i think what john bolton says that somebody is inconsistent, what he really means that somebody isn't consistently like me. so we have the problem in that john bolton didn't run for president. donald trump ran and he won. so donald trump gets to decide the policy. john bolton has to be the one that advises in that room, in the oval office. i've been there. you advise the president. the president asks very tough questions. he is not going to let you lead the briefing. he will ask poignant questions, probing questions. you better know your stuff, you better be able to understand that after the question and answer period, he decides.
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he is the president of the united states. he is the one who ran in iowa, raised the money, goes through all the problems. so when you walk out of the oval office it president's trump policies that have to be implemented. john bolton didn't get. that he didn't understand that. he thought, well, i will go in to be able consistently one way, i will be able to convince the president. he quit because he couldn't get the president to follow his way. the president pushed him out because the john bolton didn't want what the president wanted. what john bolton says you're all over the map, you were not consistently with me putting a pad up that says key words about venezuela and trying to push a policy that is not donald trump's policies. let's remember that president trump critiqued the iraq war. he said that it was a bad idea. he wants to bring our troops home. this is not popular with a lot of the traditional republican,
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conservative foreign policy types that want more troops overseas and that have a different policy. i say run for president, try to convince the base around the american people that your ideas are better. if you win then you can take the republican party in a different direction. donald trump decided that he would take on in the primary this idea of more wars and the iraq war being a bad idea. everyone said in that primary, whoa, you can't critique mccain, you can't critique bush, you can't critique the romney playbook, the traditional republican playbook to expect to be the nominee. he did. he became the nominee. and then he made fun of hillary clinton for voting for the iraq war. so we have a different president who has arrived in washington with a different set of ideas for the republican party. i would argue they're very popular to talk to our, so-called enemies like north korea, have very tough
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sanctions on russia but have an off-ramp of discussions. that is what the american people want and that is why it is a popular policy. neil: you probably, you know, are well aware of the switches in the campaign staff, parscale losing the campaign manager job but it occurs at a time when these polls don't look good for the president. i know you, ambassador, many do, still can change. i remember at this time looked like president dukakis, at this time it looked like president hillary clinton, i get that but there is a trend here and i'm wondering if the president himself is wore i had about it, given this latest switch? >> look i think what you hit on, neil, is exactly right. we've seen the washington way of pollsters and you have heard all of these arguments i know. hillary clinton was supposed to be the president. now i just saw this yahoo!, ugov
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poll says 3 to 1, americans don't want the schools to open. let me tell you, the exact opposite is true. i am talking to lots of women here in california who did not vote for president trump, who did not vote for the republican for governor and they're furious at the governor of california and anyone who says that the schools shouldn't open. they want their kids to go to school. so i can just tell you that the ways of washington, the pollsters and all of that, it just, i don't believe it. i think the last election proved it. lastly i will say this, neil, i don't know a single person in my entire life who has ever been called by a pollster. what pollster, what person do you know that is going to tell anonymous person on the other end of the phone who they're going to actually vote for? we see trump supporters cars attacked. we see people being hit in the face when you wear a make
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america great hat. are you going to tell a person on the other end of the phone, annan news person you don't even know or trust who you will vote for? i highly doubt it? neil: you know, ambassador, i don't mean to bring this up, but i did want to get your take on it, this drama, developing according to mellon university, where they wanted to make you a senior fellow and they run into a buzzsaw of criticism for the students there want it rescinded all because of your ties i think to the trump administration. i don't know of any other issues. could you update me on that? how do you feel about that? whether you still want to be a senior fellow there, what? >> yeah. i mean of course i do. i think it's a great university and it's been awesome to work with the president and his entire team there and, you know, they made it perfectly clear they want alternative voices.
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look, i'm the first openly gay cabinet official. i want to talk about decrim. decriminalization of homosexuality. that is one of the issues i want to bring to carnegie mellon to discuss and have the academic institution really think about all the tangential issues that come into play. that is one of a variety of issues. i think that when people talk to me they understand we need a world where our young students at academic institutions hear other voices. i'm all for waiting ply turn, having a whole bunch of other people give their voice, let's hear everybody but when it is my turn, i get to speak too and i don't want to be shouted down. i don't want to be silenced. as a gay conservative, i know that is not always a popular position to take. sometimes the left doesn't like
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it. sometimes the right doesn't like it. i'm willing to listen to all voices. i'm willing to sit there and hear other perspectives because i think it's really important that we have a calm atmosphere to talk about these things. but make no mistake, neil, when it is my turn, i get my turn and i shouldn't be silenced either. neil: so you should have your turn. you know, do you think if you were an advisor to barack obama, you would be even running into this? >> you know, i leave that to the washington ways. i haven't lived in washington, d.c., since 1995. i try to get out there have as quickly as possible after serving in washington. it's sad because i think every single agency of the government is based in the same place. so the same pool of people move from, you know, labor department to hhs, to interior and, we're getting the same ideas all of the time. and so i actually am a big proponent for moving some of the
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government agencies, the u.s. government agencies out of washington, d.c. let's put them into the rest of the states. i think that debate is even a bigger, more important debate as we talk about d.c. statehood. if d.c. wants to be treated like every other state and not the place where the federal government is based, we shouldn't have the federal government based there. no state should have monopoly owning all of the federal government agencies and federal government jobs. if that is the way they want to move, we'll have to pick up and move all the u.s. agencies and spread them out to the rest of america. neil: well-said. ric grenell, thank you very, very much. just think of this, whenever you think of the united states, ric grenell is a historic figure, first in many ways. kids in universities have ever right to hear from him and his point of view, shouldn't matter
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who the hell he worked for or works for. we'll have more after this. experience the joy of a bigger world in a highly-connected lexus vehicle at the golden opportunity sales event. lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer.
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which we can't control, and let's now look at our goals. in other words, we only want to take as much risk as is necessary to achieve our goals.
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now any room can be a tv room. stream live tv, on demand shows and movies even your dvr recordings. download the xfinity stream app today to stream the entertainment you love. xfinity. the future of awesome. ♪. neil: all right. getting nutty in new york where they continue to attack police officers and in california where they are coming up with a plan in some parts of the state to
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not allow cops to conduct traffic stops. i kid you not. darren porcher warned me this day was coming. he was just very early on it. former nypd lieutenant with us now. darren, i don't know where the craziness stops. whatever your views on rogue cops and doing crazy stuff, now taking it to the level where, you know, you're taking money from them. you're defunding them. you're not letting them, you know, handle traffic stops. where does this end? >> you know, good question, neil. this is something that we saw a long time coming. when we look at places like berkeley, in san francisco, you seem like you have more people living on the street than living in residential communities. it goes back to defunding or police reform there is no smart way this strategy is rolled out. look what happened in seattle, washington, for example, that was classic example of a epic
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collapse in connection with the removal or eradication of police. you saw the police were removed from that quote-unquote "chop" zone. we saw violence and anarchy playinged that community. now we're transitioning what they're looking to do in california. not having officers embark on traffic stops is a serious mistake this is one of the most dangerous things, traffic stops and domestic disputes that an officer can respond to. therefore you're putting that public at risk by having unarmed civilians stop individuals in connection with traffic stops. it is horrible and unfortunately someone is going to get hurt as a result of the misappropriation of public safety that is being dealt to that community in california. neil: you know, real quickly, i'm all for consistency, darren, if you go after police officers for chokeholds it might be a good idea to whack job who took a policeman who put him in a
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chokehold, no outcry against that. if the officer were reversed he would be out of a job and probably in jail. so where is the consistency in that? >> you know, absolutely right. neil, there is no consistency. yesterday on, i marched on the brooklyn bridge with the police and clergy to oppose the mayor's recent introduction of legislation in connection with these chokeholds. i'm all for a chokehold if it is an egregious act. how much the city council enacting a bill, that prohibits officer from making contact with the diaphragm area which consists of chest and back. merely restraining someone touching them on the back or chess, can allow a officer to be prosecuted in a court of law this is one of the things we opposed on brooklyn bridge. black lives matter showed up on
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the brooklyn bridge, assaulting the nypd chief of the department and lieutenant mack of the unit and several others. it is unfortunate we don't have a level of consistency. it is taking us to regression -- neil: not even close. darren porcher. we'll have more after this where are you?! honey, did you hear about these new geico savings? mom? you'll get an extra 15% on top of what geico could already save you. can i call you back? your father's been researching our geneology. we're vikings! there's never been a better time to save with geico. switch by october seventh for an extra 15% on car and motorcycle insurance. hey, we lost the wifi password. do you remember what that is? now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. go from old to new. from worn to wow. the beautiful bath you've always wanted, done right,
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neil: all right. well, follow the cases and that will tell you something about what investors are following at the corner of wall and broad. the more concern about spikes in coronavirus cases, including better than 315,000 by last count in the sunshine state which has all of a sudden become the epicenter of all of this, and you have a lot of folks worried not only about florida, but the course of this virus itself in this country and maybe the recovery that so many have attached to states reopening that might see those reopenings delayed or outright reversed. phil keating following it all in miami. hey, phil. reporter: hi, neil. another second straight record-setting day for the sunshine state. new numbers showing 156 deaths added to the list, the highest for a one-day total so far, and nearly 14,000 new positive cases. that's the second highest for the state of florida. this comes after yesterday, florida's positive cases finally
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topping 300,000. miami-dade school superintendent and school board met for hours last night and they outlined several outliers, but they say if the situation remains this dire all the way to august 24th when this school and every one is supposed to reopen, that will determine it's not safe enough for the kids and teachers to go inside. this also holds true just north of here in broward county, the second largest school district in the state. if infection rates don't start dropping significantly, parents, teachers and children can expect to be learning online only when schools are scheduled to resume in south florida. last night on the story, education secretary betsy devos insisted on what she and president trump keep saying needs to happen. >> not acceptable for schools not to reopen. education is an essential function. schools are essential, teachers are essential, kids have got to get back in school.
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reporter: with the tests for covid sometimes taking a week or longer, that defeats the whole purpose of trying to prevent the spread with testing. florida's governor says slow turn-around laboratories are going to lose state business or improve. >> those who can produce are going to get more of the business and i think that's the best way to go about it. reporter: miami-dade hospitals now report their traditional icu units and beds are now fully occupied. so the hospitals are now converting other beds and rooms to handle any more surge of patients. the key biscayne police chief reporting he has coronavirus right now and other states seeing record-setting numbers over the past five or seven days. california as well as texas. neil? neil: phil keating, thank you very much. the quickest way to reverse those numbers, to hear cdc
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director robert redfield tell us, is demand masks. he's guesstimating that if there were such a mandatory mask policy in account for the country, we could save at least 40,000 lives. matt shay is national retail federation ceo. you can see some of the retailers that have already announced such mask policies for customers coming in regardless what the state policies are. they include kroger, kohl's, walmart and at & t, apple, best buy, on and on. you argue that that's probably a good policy, right, matt? >> well, it's good to see you. nice to be here. the view that we took yesterday, the reason we issued the statement first of all was to recognize those companies that have decided to take this step, of course. and secondly, to make it clear to other companies, businesses large and small, including those independent retailers on main street, that if they decide to adopt these policies that they
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will have our support. and the purpose of this, of course, is to keep associates, team members, those partners in stores safe and to keep the customers and communities safe. but the bigger picture objective i think we all share, take the politics out of it, to take any debates if there possibly can be any debates about the medical effectiveness of a mask, take the medicine out of it, this is an economic decision and all of us share an interest in keeping the economy open. we don't want to go back to the lockdowns that we had in march and april and even into may. that hurt communities of all sizes, it hurt retailers of all sizes, and in all segments and we don't want to go into lockdown again so let's keep everyone safe. let's keep all those businesses, so-called non-essential which we don't agree that any business is non-essential but so-called versus so-called essential, let's keep everyone open and do it safely and a mask is a great way to make that happen. neil: how do customers feel
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about this, when some of these stores do it? what's their reaction? >> well, you know, i just finished an hour-long conversation with kevin johnson, the ceo of starbucks, as part of our virtual fireside chat series that we do with ceos, and kevin and i talked about this and the guidance he's given his team, and i think the news this week is about masks, but this is all part of i think a bigger, broader conversation about keeping communities safe, keeping customers and their associates safe, and so i think retailers continue to communicate to their teams every day about how they can keep themselves safe and how they can interact with customers in a safe and healthy way. that goes all the way back to some of the basic protocols that we promoted through our operation open doors program, and other partnerships that we created. so i think this is one piece of a bigger set of conversations and all that is normalizing the
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behavior, normalizing social distancing, normalizing the simple things like staying home and don't go to work or go out if you're sick, wearing the mask is one piece of that. there are a whole bunch of these things but as kevin just said a few minutes ago, they are thinking of this as maybe 18 to 24 months before we get multiple vaccines out in the marketplace and until then, i think we all need to recognize as much as we don't want to that we need to do some things differently and this is one piece of that kind of change behavior. neil: wow. 18 to 24 months. that's quite a long time. matt shay, thank you very much. you might be right about that. the national retail federation ceo. want to go to my buddy joe piscopo on this, the voice behind the source in new jersey, very very popular radio show, much much more. one of the best in the long history of "snl." joe, in new jersey, we have already had these, you know, orders for wearing a mask when
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you go into business establishments, restaurants and the like, and obviously you can take them off when you eat, but this might be the policy nature wide. what do you think? >> i think we tracked the numbers on the show and good afternoon to you, and i just feel like we are overreacting. you can't shut down anything anymore. as we talked about on the show, our gyms are waiting to open. it's business now. you can't not put the kids in school in the fall. i honestly believe that. i don't know -- my question is this, neil. why weren't we told to wear the masks in like april or march or when this pandemic was at its peak, you know? now the masks, it just seems it's one thing. then flatten the curve. we flattened the curve. stay home, we stayed home. it's a sociological disaster. no one's working, no one's making money, they're raising the taxes in jersey which we're not going to be able to afford to live there anymore. i think that we got to just --
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and you know what else, neil, if i may? i'm fired up for the radio show. i just got off the air a little while ago. we have medicine to stop this prophylactically, we have medicine that's out there to prophylactically stop the covid-19 wuhan virus. it's out there. it's been out there. why seriously won't the doctors or medical community in washington allow it to be distributed, do you think? i mean, i'm done with being told what to do. we want to get back to work full-time. neil: what would do that? >> say what? neil: what medicine are you talking about? >> hydroxy colhloroquine. that's a cocktail. i'm telling you, i have done the research. neil, i'm not an intellectual. but i got to read all this stuff before the radio show. so i read the results and i get it, people will e-mail me, my
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pharmaceutical friends from hydroxychloroquine to remdesivir, you know, now there's a steroidal drug that works and when i see one result after another result, it just puzzles me if it works marginally, if it's a possibility that it works, why isn't it just distributed? neil: i get -- you and i might have a slight difference there because for a vulnerable subset of the population, this is one study, you are quite right, that seems to say it offers some promise even though it leaves out those with respiratory cardio issues which is my concern for those having it. you want to check with your doctor on all this. but let's get a sense of where you see this going. when you are dealing with folks, you know, calling you to get your take on things, obviously they are concerned about this now delay in the school year. i think new jersey is still on board with a fall in-person reopening but that could change, too.
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and the number of states and cities are pushing this off. what do you think's going on? >> well, i talked to my kids, you know, they like staying home. they kind of like it. and i got to tell you, i'm such a dork, i like having my kids around the house, my girls are watching now, i love them so much. they live with me. neil: if i was living in your estate i would want to stay home, too. it could be that. it could be that. >> i have driven by your house. i'm just saying. i wave, i beep the horn. i want you to know that. but the kids want to stay home but when you look at the stats, i'm working all of the statistics when i tell you about the medicine or about the school or about the masks, we worked out all the statistical data that comes across on the radio show, i'm so tired of having to read this every morning before i go on the air, but it looks like, oh, please, but it will be safe for the kids to go back to
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school in the fall. having said all that about the schools, i eat the garlic every day. i beg my mother for more broccoli rabe. you know what i'm saying? neil: also, i didn't know you own all these gyms and everything else. you take care of yourself, my friend. that's very obvious. i have heard of this thing called exercise. keep at it. but real quickly, you probably heard that governor murphy has talked about, you know, we are going to have to pay for this down the road. he's talking about hiking taxes and likely it would be on the upper income. i'm just making that leap. how do you feel about that? >> it's ridiculous. i checked with the minority leader in the assembly, assemblyman branding, i got the numbers. $9.9 billion, $1100 per person, family of four will cost $4400 in new jersey, each house, if the governor puts this through, each house will have to pay
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$6,500 per taxpayer and you know what, it authorizes without a vote statewide property and wealth taxes. neil, this is inexcusable. the governor who is a very nice guy, we both agree, he never went to the other side. he never talked to the leader, he never talked to assemblyman ault. none of the republicans got talked to. i don't care if you are republican or democrat, should be bipartisan. he never talked to anybody. this is a completely partisan issue. he's going to jam down $9.9 billion of taxes. neil, we can't open our businesses. we are struggling as it is. we don't know what's going on. we have been through a lockdown. now you will slam us with taxes and people ask why they're leaving new jersey. matter of fact, you and i will be the only ones staying in new jersey, i got news for you. neil: well, i will come to your house with grey poupon. let me ask you, you mentioned the governor. i would imagine he has more pressing concerns. you go through the lincoln
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tunnel when you go into manhattan, whathave you, in and out, but you saw a little bit of flooding, i guess? >> yeah. it was. we got hit pretty bad, you know. but i got to tell you, there's always flooding like around up where i was brought up, wayne, new jersey, around that way. we can deal with the floods. we can deal with the weather. we can deal with the mosquito. we can deal with the jersey devil, for crying out loud. they got to stop taxing us. they got to create revenue. we are a great state. we should be creating revenue and by this, you know, this was a point where you could have cut a lot of dead weight off of the, you know, off of all that's going on within the government of new jersey but they kept all the jobs, everybody got paid, the politicians all got paid. most of the state workers got paid. the rest of us who were trying to just do business, not so much. now everybody gets slammed with $10 billion in taxes. it's just one more thing where they treat us with such disrespect in the great state of new jersey, neil.
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neil: are you going to run for governor? >> you know, i'm working -- we will talk about it. i would love to. i would love to go as an independent because i think on both sides of the aisle, i don't trust anybody anymore. the democrats are so entrenched in new york and new jersey, it's so hard for someone from the other side to come in. but i'm fired up enough to go. because i know what the issues are. i know i create the revenue. i have a feel of the people. you can't take a broad stroke of socialism and say this is going to work in new york city. this is going to work in new jersey. it's not. you got to think of the communities. you got to think of the people. you got to think about my people, our people who came from other countries to struggle, to learn the language and the laws of america. i'm telling you, they are losing everything of our communities in new york and in new jersey. so yeah, i might be fired up enough to go, neil. you know? what am i going to tell you? neil: all right.
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i know you are a snamart guy bu you are also a funny guy. we haven't had a governor who has been perfectly funny, so that could be something to watch. i look forward to it, my friend. continued success. joe piscopo. his show, the answer. really without any yelling or screaming, they talk about the issues without getting nasty about it. that is still possible. by the way, we did put out, always do put out calls to governor murphy. we have yet to hear him accept our invitation to come on but it's always out there. more after this. liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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neil: all right. i think one of those damning words in corporate america, maybe i could extend it to politics, is when your bosses say he's doing a great job. well, that's exactly what they were saying about brad parscale, the campaign manager for donald trump, and that is until they took him off that job and replaced him with bill stepien to sort of reinvigorate the campaign right now. this as new polls come out that show the president continues to trail joe biden by double digits, sometimes very hefty double digits, at that. elijah collins, "wall street journal" political reporter, so
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much more. elijah, i always like to say it's still early. you remind me of that as well. it's always a good reminder. but obviously the campaign felt enough or the president directly felt enough that some changes were in order. what do you think of this move? >> well, keep in mind this is a president who has felt changes were in order for a very long time. this happened in '16 with various members of his campaign. this happened throughout his administration. it would be shocking if maybe it was a different kind of candidate but it is noteworthy. we are close to an election and it comes at a time when president trump is trailing pretty significantly in a handful of polls. brad parscale was also involved in the tulsa rally where he had been someone who said there was going to be a lot of attendants, he said there was a lot of interest, and fewer people showed up than they thought, so you know, the president was very unhappy about that and it had come after months of reporting about brad parscale's sort of
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seeking media attention around the campaign, how much money he was making, he felt like it was time to make a change. neil: you know, we are hearing from republicans they want to limit crowds at the upcoming republican convention, the part that will feature the president, all of that, in jacksonville. the irony here can't be lost on anyone that he had pushed to get out of north carolina because he said that the democratic governor there was deliberately trying to limit crowds and the celebration for his renomination, now here we go to florida, where things could be a lot worse. what do you think? >> right. this just shows how quickly things can change. at that point, you know, the governor of north carolina said he could not put on the convention without certain regulations in place. president trump said i'm going to florida, where it's a republican governor. it was much looser restrictions. cases have surged in florida, so
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much so republicans are saying they are going to have to put in regulations of their own to make sure it's safe so it is absolutely ironic. i wonder what the governor of north carolina is thinking watching all this. neil: you know, the president has always had the economy going for him. obviously it just slumped into hell with the virus but it's come out smartly, eight million jobs gained over the last couple of months, jobless claims on a week by week level that fell for the 17th consecutive week, so i'm beginning to wonder whether that is resonating with people when his poll numbers are getting worse and even on the economy now, he's losing to joe biden. >> right. that is significant, because that is the one policy area the president has always led on. he did still lead in the "wall street journal"/nbc poll on the economy but in all other polls, and there has been a lot of them coming out in the last week, he has slipped behind biden. now, our "wall street journal"
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poll asked voters if they wanted someone who would respond better to the pandemic or the economy. i believe by a two to one margin they said respond to the pandemic. even if president trump does have an edge or he's behind biden by a narrower margin, voters right now are more concerned about their health, it seems. neil: great stuff, as always. i always learn a lot talking to you. eliza collins, "wall street journal," political reporter extraordinaire. wonder how many voters were polled in some of those surveys because judging by the demand we are seeing right now, robust doesn't even accurately describe it. grady trimble is following that. hey, grady. reporter: hey, neil. you have heard of bike share, you have heard of ride share. how about boat share? this company, business is doing more than just staying afloat. it is booming. we are live on the high seas coming up with more.
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neil: i don't know if this is a sign of people sick of sheltering but when they want to get out of the house, they get out of the house and head to the seas. right now, boat sales are off the charts. grady trimble in the middle of all of that on lake michigan. hey, grady. reporter: yeah, they are. especially smaller boats, things like jet skis and outboard engine boats. sales are up big-time. in may, they were the best they've been in a decade. jet ski sales up 75%. some people don't want those smaller boats. they want something bigger, more luxurious, kind of like a 45-foot sailboat. not everybody has $375,000 laying around for something like this, so that's where this company comes in.
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it's called sailtime. it's like ride sharing or bike sharing but it's boat sharing. for $650 a month you get to use the boat three times. you can pay a little more and use it even more. bob here, bob remsing is the c.o.o. of sail time. you guys have seen sales through the roof. new membership up, what, 200% in june? >> yeah. yeah. so june, we are up 200% over last year. we had a great may. may really took off. july, we are just rocking in july. reporter: how do you explain it? people looking for things to do in their area? >> people aren't traveling like they used to. they are looking for an opportunity to stay local. this is a great opportunity. chicago here, we got gorgeous lakefronts. why not get on the water? but it's a big step to get on the water with a sailboat like this, like you're saying. we make it a little more affordable, little more realistic. reporter: people talk about the hassle of boat ownership. they take all the hassle out of it. they maintain the boat for you.
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they will even teach you how to sail this boat. i have no idea how to. that's why we got captain ryan, part of the father/son team we got out here today. but it's pretty interesting and it's really taking off here in chicago and a bunch of the other locations they have all across the country with people looking for things to do. neil? neil: sounds like fun. i hear they want to take you out on a three-hour tour. gilligan's island reference there. you're young. thank you, my friend. great stuff. ted kline joins us now. not everything is coming up roses when boats are one thing. if you own a restaurant, particularly in california, the back-and-forth as to whether you can even stay open, that's not such a gimme. he runs the waterfront bar and grill. he's the owner. he's kind of at the mercy of these rules i guess that are always changing, right?
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can you hear me? >> yeah, sorry. yes. we are definitely struggling right now. i think that's the obvious situation. it's been a challenge over the past four months to deal with everything. you know, we were closed just before st. patrick's day and so we are getting close again so obviously, we kind of understand how this process goes. that's the good news. we have been through it before. the bad news is it really doesn't go very well. neil: well, what's weird is you get no consistency. you were allowed to open, you had been open, you had the capacity, distancing rules, you were honoring those, then the governor citing a spike in cases kind of reshut everything down. where are things now? >> yeah. i think that's an interesting part of it, is i think between the government and small business, there's always a certain element of trust issues. there's a minor element of trust issues.
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but i think the conditions we are dealing with now has kind of amplified those trust issues because we just don't really see the government offering support in a way that we can expect to come back from this, and i think that that's important for any successful business that they're -- survival is primal and if you have a successful business, it's not just going to give up. it has to understand how it's going to live or else it's going to fight to do it. neil: has the governor hinted when things might reopen, or are you just waiting and waiting and waiting? >> yeah. you know, that part's also interesting because the last time this happened, we were given, on a wednesday we were told we were going to be able to -- we were hearing rumblings rather that we would be able to open and the very next day, it was okay, dine-in is available. that's a problem, too.
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i actually appreciate that they're just trying to do it as fast as they can but that does create issues with getting open. it's been a long process. you kind of have to look at the actions, not the words. i think that when i see schools having such an issue with being open in september, that's one thing that's interesting because to see them not allow kids to go to school, i would be very suspect if they allowed someone to have a hamburger in a bar. i just don't see that happening any time soon. neil: wow. i never thought of that. you're right. if they are going to push back kids in september, what would compel them to open restaurants like your own now. i hope that's not the case. waterfront bar and grill. i wish you well. i know your reputation is good. the restaurant's reputation is good. the food is good. hopefully it's just a matter of time. thank you. hang in there, my friend. >> thank you very much. neil: a lot of other developments we are following --
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no, thank you, chad, very very much. then there's the issue of some of the violence in some of these cities, particularly in new york, where it seems to be a daily event. former police commissioner on what he makes of what's going down after this. turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ but what if you could stdo better than that?k. like adapt. discover. deliver. in new ways. to new customers.
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two: this type of plan allows you to keep your doctor - as long as he or she accepts medicare patients. and three: these are the only medicare supplement plans endorsed by aarp. learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. neil: you know, this all started as a respect police rally in new york. it quickly deteriorated as those who are anti-police made it very clear that they didn't think they should be celebrated or that the police department should be celebrated. caught up in this melee was the police department chief of all of new york. in fact, he was banged up pretty badly. i'm going to be speaking to him exclusively on "your world" at 4:00 p.m. on fox news.
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but if we needed any reminders that new york is still dealing with these violent upheavals, this is just the latest example. some fear it will not be the last. laura ingall following it all from new york. reporter: this brawl, so significant that it left several officers with broken bones and one with eight staples to the head. that is the kind of melee that we are talking about. we do have some brand new information that a woman has been taken into custody. this is the main person that police have been looking for that caused a lot of the violence and a lot of the injuries yesterday. we want to show you some other news tips we got in to our newsroom that shows what went up to the main event, you know, where this video is just crazy because it shows the clash between police and protesters really going at it. the nypd releasing this footage showing what things looked like as protesters clashed with
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police with officers on bike patrol on the brooklyn bridge. this melee is in addition to that shocking assault that you mentioned involving a cane as a weapon. while there had been multiple arrests in this clash, the hunt that was on all morning for what they thought was possibly a man turned out to be a woman. she's been taken into custody. she's being questioned and also being evaluated at the hospital. among those injured, chief of department terrance monaghan, the nypd's highest ranking uniformed officer. this went down a few feet away from an anti-violence march led by clergy calling for peace in the city. the chief spoke about it this morning. >> i was able to reach over the fence and grab him and pull him back. that's when he turns around on me, starts throwing punches at me. we were finally able to get him into custody. i mean, this is an extremely violent individual who from point a had only one objective, to assault police officers.
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reporter: at least 37 people have been arrested during the protests and at least one person has been charged with assault so far. some protesters say the police didn't let them exercise their right to protest. >> it was a really odd, weird moment, seeing protesters clashing with the police as police were arresting us, they were making sure, they actually didn't even let that other protest begin until they felt like we were all arrested on our side. reporter: new york city mayor bill deblasio signing police reform measures including a ban on chokeholds and other restraints while condemning the violence against police yesterday. so far, this week, neil, the city has seen 42 shootings and 59 injured in those shootings. as we watch the spike continue, many wonder what it's going to take to calm the city down. back to you. neil: so we wait. laura, thank you very much for that. i want to go to howard safer, you remember the former new york police commissioner.
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he's been warning about days like this coming and that they wouldn't ease up until we got our priorities straight. commissioner, always good to have you. when they target the police, that's quite another thing than just trying to resist police. it's sort of morphed into a far more dangerous arena, hasn't it? >> it's out of control. when you think about this, a thug attacking terry monaghan who i know is a great cop, wearing four stars on a white shirt, i mean, there's no more bigger symbol of authority than the chief of the police department of the city of new york. this thug is not only attacking him, he's attacking all of us. what is happening is the city is out of control. something has got to be done and it's not going to be done until mayor deblasio is either recalled or the feds step in because the people who committed this attack are very indicative of what we are dealing with in new york.
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think about this. you have a peaceful protesters supporting the police walking across the brooklyn bridge and these protesters who complain all the time that they are not allowed to protest peacefully attack not only the protesters, but the chief police officer of new york city. something has got to be done and it has to be done now. neil: whether you replace the mayor or whatever, at least speak out against it. at least say you have gone too far. when he doesn't do that, it scares a lot of folks. they worry about more such incidents. this as the city is trying to come back after people are making their way back to the city after being sheltered in their homes. others are looking, saying i don't want to go back there. tourists are saying i don't want to visit there. they've got to realize, the mayor has to realize the implications of this. >> neil, when you are as arrogant as bill deblasio is, you don't recognize anything. think about this. he announced these major police
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reforms and there was not one police official at the press conference. he obviously doesn't consider the police commissioner or other police officials important enough to have at this quote, major reform that is taking place which are all going to do nothing but cause more violence and cause more police not to take action because they know they could get sued, they could get prosecuted, because deblasio is taking away all of their protections. i have never seen anything like this. you know, maybe it's just time for the federal government to step in and take over the city. neil: well, the more these kind of incidents go on, to your point, the bigger worry it becomes. we will see what happens. thank you very very much. howard safir, former new york city police department commissioner. i will be speaking with the police department chief of new york who was banged up in these attacks. he's as high as you go in new york city and when he becomes a target, as the commissioner just
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neil: everybody wearing masks is just the half of it. if you go shopping these days at any number of stores across the country, it won't be just what you're wearing on your face that will be different. virtually the entire place you're shopping is going to be different. lauren simonetti on that, following all of these developments. all right, i apologize for that. we do have kristina partsinevelos following what's going on for those who necessarily don't go to stores, and in the new york metropolitan area, they are bringing back the high line. it's opening up. it's just a fascinating area, it covers i think 30-block radius or so right smack dab in the middle of the city. reporter: you are exactly right, which is why we chose this spot so you can see the backdrop of the city. we are just in chelsea area heading towards hudson yards. i want to say welcome back, but it's sort of a welcome back. this is the famous elevated park. it used to be a railroad back until 1980s, then it was converted into a park with art
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installations and it's back but it has changes. you can see green spots, all over the place, to remind people to social distance. they are asking you to wear a mask once you enter. the moment somebody comes closer, i put my mask back on. you also are required, this is something that's very different, you have to get a free time ticket online so you have to reserve your spot because they are only letting in a few thousand. on a normal day, there would be about 40,000 people here. but now today, you are only seeing pretty much new yorkers based off of the ones that i spoke to. we also spoke to the co-founder about those changes. listen in. >> we also have these social distancing spots, just to remind people it's not back to normal. this is something different and we all need to keep each other safe. reporter: i just want to point out, you said this is in the heart of the city. this is a tourist destination. mostly now you are seeing a lot of new yorkers. it's still affecting a lot of the local businesses in the area. i put the mask back on because
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there's quite a few people walking near me. a lot of the shops are still closed, there's a lot of restaurants that are still closed, and that's something that they are hoping will change now that the high line is reopened and only at a few thousand people. wishful thinking that things could return back to normal but nonetheless, new yorkers are out. we are hoping they will do some shopping because i know that's what you were talking about originally, eat in the area and feel like a new yorker again. the high line is officially open. back to you. neil: that's great. that is a neat area, too. i know what you're talking about. kristina partsinevelos at the high line in new york. more signs of the city coming back. in the meantime, want to update you on this whole twitter hack attack here. now the fbi is investigating exactly what happened. as you know, this roped in a lot of big names, barack obama, joe biden, bill gates, warren buffett. i could go on and on. i want to get a sense of the impact of this from jared levy.
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obviously weighing on twitter's stock for awhile, extending to technology that this is yet another, you know, big black eye. how big a deal you think this particular hacking is? >> well, the fact that we had to deal with such big names, right, we have heard about general compromises and oddball posts but when you have collectively all at one time grabbed not just those big names but hundreds i think of others, you know, if not more, if i'm correct, you begin to wonder about a couple things. one, all right, the back door access, right. a lot of these tech companies for law enforcement and other entities, they give back door access and they purposefully write in, you know, into their programming the ability to get in there and make adjustments. that's the one question, you know, do we rethink that. the other thing is, you know, you really have to start thinking about as a cio or -- who is putting yourself up into the cloud and making these big
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investments, in virtual storage, right. that's the way the world is going. everything sort of being held up in the cloud, we are getting away from our own servers, everything is being held off-site. how secure is our information, what do we have to spend, what are these tech companies doing to protect our information and is it enough. then lastly, you know, i'm reading now and through my research it looks like this is an internal job. somebody either paid or had some influence over an employee at twitter, gained access that way through their tools, and was able to again, post these bitcoin ads on very high profile names. we may need to rethink who has access to what. you think about companies like google, facebook, with tens of thousands of employees. who has the ability to manipulate information or to adjust or augment or delete or repost? we may need to start seeing, we will probably start seeing a lot more of that accountability. neil: real quick, i would be remiss if i didn't get your
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thoughts on these markets. what do you make of this gyration we are going through? >> you know, i'm so, again, i think there's a lot of bullish sort of undertones out there. it's nice to see movement in the moderna vaccine. i think there are other vaccines in the work. obviously it's not going to be out until 2021. i'm bullish selectively. i think on the dips you can continue to buy but be prepared. the market has priced in both in the debt market and equity market, volatility, that there's going to be a long hill to climb. it's going to be a volatile summer. let's put it that way. i think at the end of the day unless this thing really takes a turn for the worst, i think these are going to be buying opportunities selectively. use caution. neil: all right. jared, thank you very much. jared levy. the dow off about 164 points. still up appreciably from the lows when all this stuff started. all the major averages at least 40% from those lows. stay with us.
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♪. neil: you know what i forgot to tell you guys? i'm so excited about this, so much was going on in the show, you know mortgage rates hit another record low. a 30 year mortgage at 2.98%. i know what some will say. please, neil, don't tell us that is what you and your wife paid
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per day when you got the first mortgage. no, i wouldn't do that. it will probably come up at the white house briefing. by the way that is what my wife and i paid per day when we got our first mortgage in a much different world. different environment. 2.98%. charles payne. that is incredible. to you, my friend. charles: i know the cavuto mortgage woes, believe me. i heard them before. you're right, this is a brand new time and era. good afternoon, folks. i'm charles payne. this is "making money." markets are lower as money rotates out of growth names into the old influential names. it is not exciting. it fits the old wall street axiom, buy low, sell high. top politicians and business moguls. blew check got their comeuppance, and there are deeper consequences. we're waiting for kaley mcdonald holdi

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