investors. liz: bill, thank you so much. we appreciate you coming on. [closing bell rings] bill studebaker. the president is about to speak. stay tuned for "after the bell." oh, yes, netflix earnings coming up. connell: we're covering two big event this is hour. president trump about to deliver those remarks at the white house. they're setting up on the south lawn. netflix any second now will being delivering its earnings, the first of the tech titans to report quarterly results. we'll try to cover it all at once. i'm connell mcshane. melissa: we have a big show ahead. i'm melissa francis this is "after the bell." the major averages ending off the lows of the day. the dow snapping a four-day winning streak. any minute now the president as we said expected to highlight his administration's regulations cut, claiming it puts more than $3,000 back into your family's

wallet. we'll see that math. fox business team coverage, lauren simonetti is watching the markets but we'll kick it off with blake burman who is at the white house as we await the president's remarks. blake. reporter: melissa and connell, for the second day in a row the main event for the president will involve deregulation. senior administration officials are not saying whether or not there will be a big policy announcement here. they will say, it is quote-unquote, victory lap. here is the press secretary kayleigh mcenany from earlier today. >> the president reversed the disasterous overregulation of the obama-biden administration. under president trump 7 deregulatory actions have been taken for everyone new regulation. this amounted to $50 billion in regulatory cost savings. reporter: elsewhere today, some pretty eye-popping comments from attorney general bill barr as he unloaded on china's ambitions

and role u.s. companies play in that company. google, microsoft, apple, all have quote, been too willing to collaborate with the chinese communist party. he also leveled this warning to the u.s. business community saying that china doesn't want to trade with the u.s., rather they want to raid the u.s. connell, melissa. back to you. connell: blake, thank you very much. we have breaking news now on netflix. earnings just coming out on the revenue side the sales at net flings last quarter were better than expected, 6.15 billion in quarterly sales. compared to expectation of 6.08. now earnings were light. the stock is way off in after-hours trading down 12%. earnings of 1.59 last quarter, well short of the estimate put in of $1.81. real quick before we bring in our panel to talk about this

revenue outlook looks a little light you about earnings in the third quarter, going to be above according to netflix above analyst estimates as we go through the numbers i want to bring in dion rabouin from "axios" and geir by b. smith. , fox news contributor. we're looking for the subscriber number, that is always the driving force with netflix. the estimate was over 8 million new subscribers in the quarter which is ridiculous but the stock is selling off, it seems, it might be that, there is a little bit after disappointment. i wonder if we were set up with disappointment with netflix no matter what they reported? >> stock is up 60% year-to-date while the broader s&p is negative for the year, naturally you will have some very high expectations. i think, last time we talked about netflix i think i said the way they were setting themselves up for this quarter in terms of issuing that guidance may have

outkicked the coverage a little bit. but you have really bullish investors. folks are bullish on netflix. number one they had solid numbers. number two looks like coronavirus is coming back in certain parts of the country. that sounds bullish for netflix. i think the expectation was they were going to overdeliver. you had call options set up significantly in favor of netflix getting beat. folks getting too bullish and netflix not delivering at spectacular pace we're used to. the numbers are not terrible. the number is much more about positioning than about particularly bad number for netflix. connell: even though sales, gary, were better than expected, most recent quarter we have on the screen. as i said before going to dion, guidance for next quarter saleswise at 3.33 billion, that is a little light of the estimates and again the same type of conversation with you, with the stock up as much as it had been i guess no surprise to see it pull back here after

hours. your take on netflix? >> well, i tell you what, connell, maybe i'm in the minority given onset, they're up 63% year-to-date, i have to think the best days of netflix are beyond them. here is the reason why. it reminds me of ibm back in the '80s, they were the king. they were the source. they were the only ones for any real kind of computing, particularly mainframe. they started to get nibbled away by wangs and all the other competitors. look at the netflix landscape. it used to be they were the only ones. if you wanted online and going way back, even before you were born, connell, get the disk through the mail, that was it. that was your only choice, subsequent to blockbuster but now they're a content provider and they have done a great job but now who do they have? they have everyone from disney plus to that new peacock thing,

to hbo. everyone has an online offering and they take their own libraries with them. so now netflix has to produce a lot of their own stuff to replace the things that have gone away like "friends" they had access to. it is a very difficult, dangerous landscape. i like netflix. i still pay netflix. most people don't even know what they pay in their netflix subscription per month. i don't, to be honest with but the competition will get really fierce. connell: i love that, gary, that peacock things. there are all kinds of streams services out there, you're right about that. dion i, will give you couple other headlines on netflix that are bother some about netflix. net paid additions is down. maybe goes into that theory you're getting all you can get out of netflix in the short term. the other headline they're

slowly resuming production in many parts of the world. which give us the conversation we always have about netflix. as things might be saturated here in the u.s., we all have it if we're going to get it that is not necessarily the case in other parts of the world? >> look, the story for netflix, they have got to keep growing. this is a growth stock. that it is bad, actual revenues versus the price of the stock, not great. gary said, folks are out there think the thing has run as far as it can. i will tell you i wouldn't bet against netflix with your money, connell, but there are folks who don't believe in the growth story but netflix consistently has delivered. i do have to say those numbers will disappoint a lot of folks on the street, if that guidance, because of the coronavirus, a lot of companies are getting the benefit of the doubt. as long as you're issuing some kind of guidance, a third of the s&p has pull back any kind of guidance going forward. any kind of guidance investors

will be more forgiving of. we'll see a bump as people buy the dip. that is concerning number because it is all about the growth in terms of netflix. connell: with overall paid subscribers, don't know if we've gotten that, guys, netflix added more in the second quarter. we talked about everybody staying at home and the like. that number now, wanted to be sure before we said this, that number of, this is a crazy number, was 10.09 million paid subscribers globally. now the analysts estimate was 8.07 million, gary, and in the year ago period the number was under three million, 2.7 million. that gives you an idea. a year ago we thought netflix was great, they were adding a little under three million. now it is over 10 million. we may get caught up in a stock selling off based on spied dance, whatever else, that is some number to be adding subscriberwise in the quarter. >> look, it's phenomenal growth.

the thing is, it is one of those things, not like going to the supermarket where every time you go you have to pull out your card and give them cash, oh, my gosh, i spent another $100. like i said, netflix, they get the subscribers, they're kind of locked in. like those book ever the month club. you just keep paying it. how much am i paying? who knows at this point. but i will say the flipside is, i get back to that content, each of those subscribers, they make less money unless they keep raising rates, which they can, because now they have to pour all that, just that cream that they had, really cost them nothing after they had all the libraries, old movies, they have to make the new product now. that costs a lot of money. that is what you saw with the networks, abc, cbs, they ran into the problems. they're still running into the problems. they have to pay a lot to produce the next "seinfeld" and things like that. they can keep growing. the bottom line number is absolutely fantastic.

just the profit margins even in this report are going to continue to get squeezed a little bit. connell: yep. last word to dino. concern about the future, this may be inside baseball, people that follow the company, the chief content officer they just announced appointed as co-chief executive officer at the company, will stay in that current position as well. deion, the last word on competitive landscape. a lot of concern about disney plus because of "hamilton," the competitive landscape picked up with a lot of us staying at home, you like the way netflix is positioned big picture? >> absolutely. when people are not ditching netflix for disney plus, they are getting netflix and disney plus. gets netflix and peacock. when it comes to that content, all they have to do go to the debt market. keeping rates super low. they borrow debt. ebitda is a mess. no one cares.

borrow more money. get more content. that is the solution. connell: guys, thanks. good analysis, bottom line on netflix. earnings light. sales better than expected. there is concern about the outlook but the subscriber number, over 10 million in the quarter was huge. more later in the hour. melissa, back over to you. melissa: all right. "fox business alert." at any moment we are expecting remarks from president trump. the president will be highlighting the details of regulation cuts which the administration claims will boost average household income by $3100 annually. here now to discuss is mike huckabee. he is former governor of arkansas and he is also a fox news contributor. governor, i have noticed this week, i just want to tell people what they're seeing on the screen there. these two trucks, i think what is going on, i'm just going to hazard a guess, they're regulation and deregulation, pulling against each other,

representing burden on businesses, illustrating what people are up against. between this, the president on the stage yesterday, with a ups driver, not the ceo of ups, not some executive, not another politician but he brought up a truck driver, who got up there, i drive a big-rig. i want infrastructure investment. you know, i'm a working guy. i love you president trump. there is a change in the tone of the campaign here in the past two days. what do you make of it? >> i think it's pretty significant that the democrats who used to be all about infrastructure, remember when they said they really wanted to do it? president trump laid it on the table, great, let's work on it. he loves infrastructure. as soon as he put it on the table they walked away from the table and it is unfortunate because everyone wins. i don't care what your political ideology, is everyone wins when we have enhanced infrastructure.

enhanced roads bridges, sewer systems we all benefit dramatically from infrastructure. when i was governor, we had worst interstates in the country, i inherited them. i went to the people, we got to fix these. everybody knew it was a miss. people voted 80% margin we fixed highways. we ended up being noted by truckers as the worst interstates to the best when we got that done. here is what happened. every motorist, they saved on average 481 a year on car repairs just based on better roads. melissa: wow. >> this is something people don't sometimes relate to, but they ought to because deregulation and building infrastructure are two things this president wants to do, can do, is trying to do, that are a huge economic benefit to every person, whether they have any political interest or not.

melissa: it is also interesting because it seems like he is doing, we see the president coming out now. when he comes to the podium we'll listen to what he has to say. he is doing what he did in the last election where he is picking off people or groups that were traditionally supporters of the democrats. he has got truck drivers out there. he had endorsement from the police union. i'm saying the society wrong, i think it was national policemen's association? anyway they had endorsed obama and biden twice before. now they have gone over to trump's side. he is putting together an unlikely coalition again. what do you think of that strategy? >> i think it's brilliant because he is not really the idealogical president. that is why some of the never-trumpers in the republican don't like him. they're losing businesses political consultants. they're not being listened to because we're moving into a new

era where we're interested in solutions. we want to solve problems. we don't just want someone to make a speech, be idealogically collect correct but never get anything done. this president is a doer. you may not like the way he does it but you can't argue when it comes to border security, deregulation, which is really, really important, he is getting it done. and we should be grateful for that. it doesn't matter what the party is, he is reaching out to democrats saying, hey, this is something we can agree on, surely? and they seem to be more interested in the election outcome than they are in the outcome for the average american family. that's tragic. melissa: so we've also seen a change at the top of the campaign obviously. brad parscale is out. there is a new head of the campaign. at the same time we have seen change in tone to these are more positive events where he is talking about either things he has done or things he can do. it feels like a big shift.

do you think that is the right way to go because, you know, over time in the past, negativity worked in politics. we all say we hate those ads but they work. so what you do think of a more positive strategy that we seem to be seeing these past couple days? >> i think it is really smart because the president needs to talk about the things that he has accomplished. the things that make a difference for the average american family. there is going to be a important time to go out there to attack the other side but let surrogates do that. let him stay on the high road. let surrogates go after joe biden. melissa: all right. so "fox business alert." thank you so much now. president trump delivering remarks on rolling back regulations. let's listen in. >> a nice crowd on a nice cool day. it might be hot but it's beautiful. we're here to celebrate and expand our historic campaign to

rescue american workers from job-killing regulations. before i came into office american workers were smothered by merciless avalanche of wasteful and expensive and intrusive federal regulation. these oppressive, burdensome mandates were a stealth tax on our people, slashing take home. pay, suppressing innovation, surging the cost of goods and shipping millions of americans jobs overseas, millions and millions and millions, it never ended. nearly four years ago we ended this regulatory assault on the american work other and we launched the most dramatic regulatory relief campaign in american history by far. no other administration has done anywhere near. [applause] thank you. at the heart of this effort was a revolutionary promise for everyone new regulation issued we pledged that two federal

regulations would be permanently removed. we not only met that ambitious goal, which at the time people said was impossible, we vastly exceeded it. for everyone new regulation added nearly eight federal regulations have been terminated. [applause] been an incredible achievement. as you can see behind me we removed gigantic regulatory burden americans have been forced to carry for decades, freeing our citizens to reach their highest potential. our historic regulatory relief is providing the average american household an extra $3100 every single year. we're going up from that number. [applause] we're going up from that number. think of that. $3100 per household. joining us today is vice president mike pence. thank you, mike. [applause]

commerce secretary wilbur ross. wilbur, thank you very much. [applause] labor secretary eugene scalia. thank you. thank you. eugene. [applause] health and human services secretary alex azar. thank you, alex. [applause] transportation secretary elaine chao. thank you, elaine. [applause] we had a great day in georgia yesterday, cutting regulations. like nobody's ever seen before. epa administrator andrew wheeler. thank you, andrew. thank you very much. [applause] omb acting director russ vought. thank you, russ. small business administrator i love her name, jovita carranza. i love her name. cms administrator, seema verma. those are great people. they're doing incredible job.

i want to thank the many state, local tribal leaders join us in the great cause. thank you very much for being here. we all appreciate it. thank you y'all very much. what we have achieved together is truly without precedent. never happened before. the previous administration added 16,000 pages of heavy-handed regulations to the federal register. that is why nothing got done. under my administration, we have removed nearly 25,000 pages of job-destroying regulations, more than any other president by far in the history of our country, whether it was four years, eight year, or in one case, more than eight years. the prior administration piled up more than 600 major new regulations, a cruel and punishing regulatory burden that cost the average american an additional $2300 per year. think of that. the average american $2300,

regulation. hitting low income americans by far the hardest. these regulations also inflicted a steep economic toll on african-american communities. by contrast our reforms are putting more money in the pockets of hard-working americans. in addition to saving every family more than $3,000 per year, my administration is just issued another reform that my counsel of economic advisors estimates will lower the price of new vehicles by more than $2200 per vehicle. i think we're going to get that up to $3500 per vehicle. [applause] very exciting. by the way, the vehicles will be better. they will be stronger and they will be safer. our regulation cuts are also delivering massive savings on broadband internet services and some home energy bills.

we'll be really historically cut. it is actually amazing. as well as historically low gasoline prices. gasoline prices, you look today, i think it was a $1.99 at the same time, we saved our oil companies. we're now the largest since we've been here, the largest energy source in the world. nobody's even close. so it is great, we saved them. they had a hard time a number of months ago, frankly for a long time but we've saved them but 1.99 they were telling me. in some cases lower than that. we're bringing back consumer choice in home appliances you can buy washers and driers, shower heads and faucets. shower head, you take a shower the water doesn't come out. you want to wash your hands the water doesn't come out. what do you do, stand there longer or take a shower longer because my hair, i don't know about but it has to be perfect.

[laughter] [applause] dish warrers, you didn't have any water, so the people that do the dishes, you pressed it, it goes again and you do it again and again. so you might as well give them the water because you will end up using less water. so we made it dishwashers now have a lot more water and in many places, in most places of the country, water is not a problem. they don't know what to do with it. it is called rain. they don't have a problem. old-fashioned incandescent light bulbs i brought them back. i brought them back. [applause] they have two nice qualities. they're cheaper and they're better. they look better. make you look so much better. that is important to all of us but they're better and much cheaper. and they were mandated out, legislated out and we brought them back. and they're selling like hotcakes. we stopped the egregious abuse

of the clean water act which extreme activists used to shut down construction projects all across our country. when i signed that legislation i had many farmers and construction people standing behind me. people that haven't cried since they were a baby. some of them never even when they were a baby and they were crying. many people were crying. we gave them back their life. they took away their lands. they took away their rights. they took away their life. by reining in epa overreach, my administration returned the agency to its core mission of insuring clean air, clean water and a truly pristine natural environment. our air now, our water is as clean as it has been in the last four decades. yesterday our country achieved yet another groundbreaking milestone. by completing a sweeping overhaul of america's badly broken infrastructure approval process. it was totally out of control.

instead of taking up to 20 years to approve a major project we're cutting the federal permitting timeline, already been done, to a maximum of two years or less, in some cases even less than one year. [applause] and it is possible that it won't qualify. it is possible that it won't be good environmentally or safetywise, in which case in a period of a year or two, we'll raise the hand and you won't make it but most projects will make it but you won't go for 10, 15, 18 or 20 years. there are many horror stories that we could relate. we're claiming america's proud heritage as a nation of builders. my administration is also eliminated massive regulatory barriers in our battle against the china virus. these actions saved countless lives, speeding up the production of equipment, that means ventilators like nobody

ever seen before. probably the greatest source of manufacturing, the greatest achievements since world war ii. we're now making ventilators for countries all over the world. in medicine, accelerating the delivery of life-saving treatments and insuring that we will have a vaccine in a record time. we're doing fantastically well on that. that will be for another time, another meeting but we are doing on therapeutics and vaccines incredibly well. no administration in history has removed more red tape, more quickly to rescue the economy and to protect the health of our people. when you think of it, we are all set up, that as we get the vaccine, or therapeutic, we're set up militarily, we'll going to be delivering it in record time. all set to move. we put investment up front. we have logistical people, generals, great people, they're going to be delivering this all over the country as soon as we

have it. we made tremendous progress. you've been reading about it. in total we've taken more than 740 actions to suspend regulations that would have slowed our response to the china virus. this includes lifting restrictions on manufacturers so that our great auto workers could produce more than 100,000 ventilators. we've done over 100,000 in 100 days. think of that. we didn't have ventilators. we weren't set up for ventilators. we became a country making a lot of them. helping some others. countries that are never going to be in a position to make them. they're complex. they're expensive. they're big. very, very, very tough to do. and we've saved a lot of lives. and there has never been a person in our country, even though we started with almost nothing, i say the cupboard was bare when we took over, we started with nothing, there has never been a person in our country, even though we had just

absolutely, we were, we were going on empty, never been one person that needed a ventilator that didn't get it. think of that, not one person as complex as they are, as big and expensive, take a long time to get them done, not one person has ever need ad ventilator that didn't get it. we made telemedicine -- [applause] thank you. really a great job, people here get no credit for it. i don't want any credit. they should get the credit. we have done a great job helping so many other countries right now. we made telemedicine available to all american patients to allow doctors to work across state lines. i will tell you the telemedicine is something that really gone up by thousands and thousands of percentage points, of a percent. what happened is, people that wouldn't even think of using telemedicine, all of a sudden started using it. it really turned out to be good,

really turned out to be good. it solved a lot of problems. so that is something been great advancement. furthermore i ordered federal agencies to look for ways to make these health care reforms totally permanent. vice president pence is also working closely with state, local and tribal leaders to streamline occupational licensing. over 30 states have taken steps to reduce these barriers to unemployment and to employment and including a state that i love very much, have a little history in that state, the great state of alaska. thank you very much. thank you, governor being here. mike dunlevy. mike, thank you very much. [applause] in idaho, governor brad little was here today with us as well, set a new record for regulatory relief. good job, brad. [applause]

good governor. great governor. two great governors. the american people know best how to run their own lives. they don't need washington bureaucrats controlling their every move and micromanaging their every decision. with each regulation we cut, we're not only returning the money and power to our citizens, we are draining the washington swamp and they're not happy about it, i can tell you that. i think you know that. [applause] the swamp was deep. i just didn't know how deep. deeper than i thought. joining us today are a few of the countless americans who are personally benefiting from our pro-worker reforms. joe, owns cambria truck center in new jersey. good state, new jersey, it has been really something that he has seen first-hand, how our regulation cuts have helped create thousands and thousands of jobs.

joe, please come up and say a few words. thank you, joe. [applause] >> thank you. our company -- [inaudible] 1969 when my grandfather -- connell: you've been watching coverage of president trump from the south lawn at the white house, speaking about the deregulatory efforts of his administration since taking office in january of set of several. we're back with dion rabouin of "axios" with some analysis of this, and other topics we want to touch on briefly as well. the president going through a number about issues there on the regulation front. one of the things i was thinking while he was speaking is that deregulation, even before taxes and everything else on the economic front was one of the first things this president put in place largely by executive order and i just wondered, in the campaign season,

particularly with his struggles recently in the polls, maybe if he is just trying to almost remind businesses and business leaders about, you know some of the things they liked about his, about his policy agenda? >> yeah, it certainly seemed like he was breaking out the hits here on this campaign stop. certainly deregulation is one thing, that has been great for for the stock market. deregulation, tax cuts are certainly something that a lot ever ceos, a lot of investors cited as really helping the s&p and nasdaq in particular really soar back to those new all-time highs when it comes back to nasdaq this year, but then also going back to 2017, 2018, 2019, all those things helped facilitate companies, particularly the tax cuts but deregulations which helped stocks and stock buybacks which helped push stocks to record highs. connell: funny you say breaking out the hits, because on this show, almost every day of the

week up until, fairly recently we would do something about the china trade war. it would be one of our segments. i noticed in your newsletter, you put out a newsletter which i read every morning from "axios," was your lead item, the trade war with china is something quietly escalating. that is something we haven't been talking about as much. but administration officials have been. interesting speeches last few weeks. today attorney general bill barr spoke. listen. >> the ultimate ambition of the rulers of china, is not to trade with the united states, but to raid the united states. if you're an american business leader, appeasing the prc may bring short-term rewards but in the end the prc's goal is to replace you. connell: that is tough words. like i said he is not the only administration official speaking

that way the last few weeks. not like this trade war necessarily went away because of the coronavirus pandemic. if anything now it is maybe not talked about but it is picking up, right? >> yeah, absolutely. it has been taken, i think really to a new level. as we've all been really focused on the coronavirus pandemic and rightfully so, this trade war with china has escalated pretty significantly to the point earlier this week the president said not only there is not discussion about going on to phase two, he has no intention talking to china's president xi xinping about a phase two trade deal. the trade one phase deal didn't take off any tariffs that were put on. this is tariffs of hundreds of billions of dollars put on china. it just stopped new tariffs coming in. you have all those tariffs. no sign ever a progress on trade two deal, that means china has no imperative to honor

agreements from phase one. that takes off this $200 billion of purchases they would say they make. you have to really got a bad situation for american businesses because the tariffs are still in place but they will not get any benefits they were supposed to get out of this trade deal. connell: would you expect the relationship to improve in any significant way, even if joe biden were to win? i know the trump administration and the president himself, that biden was soft on china but he is not speaking that way now. whether he is changing his tune because of the campaign or whatever the case may be, he has been just as tough if not tougher in terms of rhetoric on china. doesn't almost seem like who is going to win, there will be a sea change in terms of how the countries will interact for years and years. >> yeah, trump really succeeded and the administration in pushing the conversation and changing the narrative on china. it hasn't just been vice president biden. the entire democratic party really shifted towards taking a harder line on china. we saw the house overwhelmingly

pass a bill to kind of punish china for its treatment of uyghur muslims. you've seen this bill, securities bill on china, chinese public companies. you've also seen this new rule on hong kong that just passed and really the democrats in the senate and the house have been moving in lockstep with a lot of these moves. so not just, you know, we do see president joe biden in 2021 but the democrats, you know, nancy pelosi and chuck schumer, really also seem to be on board with getting tough on china. and, that, so far is going to mean higher prices for companies and for businesses and likely for consumers as these tariffs stay in place. connell: all right, you covered a lot of ground today, over more than half an hour. netflix, deregulation, china, thanks for hanging around with us. we'll talk to you again soon, dion rabouin from "axios." melissa, back to you. melissa: to open or not to open,

that is the question. it has become a political one. the teachers union in los angeles is demanding public schools remain closed unless their demands are met. here is bill mcgurn, "wall street journal" columnist around fox news contributor. a lot of people wondered, especially parents, what is behind the fact that the public schools are very much lagging behind the private schools in terms of getting ready to get open? the l.a. unified school district, the union there really laid bare what this fight is all about and some of the things they're demanding, they want a moratorium on new charter schools. they want defunding of the police. we say private schools there, but i think it is charter schools. they want to implement "medicare for all". i don't know what that has to do to help children get back to school amid the pandemic. do you see the connection?

>> oh, absolutely. this confirms what a lot of critics pointed out for years, that the modern american urban public school doesn't exist to serve the kids. it serves the teachers, primarily because of the teachers unions. this is crazy. i thought we were going to do openings by the science. most of the science seems to agree that schools are good thing to open. the teachers unions have all these crazy demands. it is back to the philosophy, never let a crisis go to waster. melissa: we expand figure out how to safely open all kinds of businesses at this point. if you look around new york, for example, they figured out how to open outdoor restaurants. you can go to retail stores. you can do all kinds of things. you can go back to the doctor. you can have surgery. you can do almost anything again in new york except for get your child educated. and why haven't we been able to figure out if it is about

safety, that is what they always say, we want to make sure everyone is safe, how do we figure out how to do that safely? >> you said a lot of demands about reducing competition. they have nothing to do with education, two safety, three science. we should be guided by the science. the children are much, much lower risk. one of the things we can open. we have opened other things and we've had relatively few problems. not talking about bars and so forth. but talking about businesses. there are steps you can take, i mean i think it is legitimate for teachers to want to know what these steps are that they could take but i think this is, this is the sign of the dysfunction and why these schools don't achieve. they're not accountable. melissa: well, if you can figure out how to work at the gap, you can probably figure out how to work inside of a store is my point. if the teachers are concerned about their health, i don't

blame them for that, then i bet there is a way we could figure it out. my biggest concern is that there is a giant disparity in the damage that we are doing to kids in terms of low income kids with little support who are at home right now without an education, are at a much huger disadvantage than kids who are at home whose parents have money and means are either able to work from home, are able to find something supplemental to do, able to find them a tutor in the meantime. democrats with these demand, is anyone connecting the dots that they are resigning low income children to a low income future? because early education and education is the only way to reliably get yourself out of poverty. why aren't the republicans or why isn't president trump connecting more of those dots? that we are hurting poor children which is exactly who

democrats say they care about? >> yeah. look, this has been going on for 50 years. you know republicans favor choice, giving these kids an option, to go to a good school just like wealthier peers or people in the suburbs have. the teachers unions fight this tooth and nail because they are public employees. they have a powerful union which has big political clout in the democratic party, guess who suffers because of that? the kids there. as you pointed out, the most vulnerable kids, kids that need an education most and have few options. but this is business as usual. melissa: how do you think it plays out? let's look specifically in l.a. do you think they cave to those demands? do you think kids don't go back to school? what do you think happens there? >> i think that, might have guess is that the teachers union will stymie a lot of these efforts, not because they have a better case but because they

have a political clout. in the cities there are some democrats there are they don't want to be primaried by an opponent backed by teachers union. that is traditionally how they got their way. when you ask for the fall, you will see a lot of contrast between schools that do open and schools that don't. there might be consequences at that time when people see it. remember the hype about liberty university, basically signing their students death warrant when they opened? they didn't have a single case of covid on campus. and all of the misreporting about that. you know, it is also like people are rooting for places to fail, you know, to not do well. i think we should hope that as many places could open as possible. businesses, schools, whatever. provided they take the right precautions. melissa: yeah. i mean to be fair, places like florida reopened. now all all of a sudden, they're

seeing a surge in cases but could go either way. the proof in the pudding. a lot of independent schools in new york are planning to open up. we'll see how the health of those children, how it turns out for them. but i just think that we're, 10 years from now, 20 years from now, we'll look back and see a whole set of kids that fell like a year behind and consequences of that, and as a parent, that is heartbreaking. bill mcgurn, thank you for that. connell. connell: all right, melissa. we have virus numbers coming up. some are calling it the summer surge. new details on the rise in covid cases hospitalizations, in some areas deaths. we'll tell you where in the u.s. this all has been happening. as goes seattle so goes portland? the latest on the oregon city's own autonomous zone.

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♪. connell: here is a "fox business alert." more updates from netflix and its earnings report. the company is saying it is slowly resuming productions around the world but the current covid trends in the u.s. are certainly creating more uncertainty about production being done in this country. nevertheless netflix expects more netflix originals in 2021 than in 2020.

the stock is still down 10%. i said earlier netflix added more subscribers than expected, 10 million, but subscriber forecast for the current quarter is light. that is why we think the stock is down as much as it is. melissa. melissa: i wouldn't bet against netflix. the cdc extended cruise sailing ban through september 30th as coronavirus cases see resurgence across the country to assure the sailings resume with proper preparations. you're not setting sail on a cruise anytime soon. that is the bottom line. taking protests to another level. demonstrators in portland are blocking streets in an attempt to set up a autonomous zone near the courthouse. william la jeunesse with the latest. reporter: protesters call it clatt. across from federal building.

goon zero for rose city antifa and black lives matter. police tore down tents and barricades blocking traffic. after federal agents used tear gas on wednesday to clear the protesters outside of the courthouse. >> we would tell them we're not doing anything. we're being peaceful right now. think just out of nowhere just start shooting at the ground, shooting pepper rounds, throwing nine bangs flash bangs at us and a whole bunch of gas. reporter: 48 straight days protesters used two city blocks to launch violent attacks against police but democratic merited wheeler it claims federal agents are using excessive force. >> what i have a problem with, is them leaving facilities, going out on the streets of this community and escalating an already tense situation like they did the other night. reporter: wheeler wants federal officers to clean group feel at

gray feel at this time and not battle antifa. according to chat wolf, they used rocks, lasers and slingshots to assault police. federal courthouse is symbol of justice. to attack it is to attack america. instead of addressing violent criminals in their communities, local and state leaders are focusing placing blame on law enforcement. unlike portland courts where protesters largely bonded out to escape jail time, 13 face jail time where the u.s. attorney does not play by those rules. we'll see what happens. back to you. melissa: they need to catch your name too. william la jeunesse. thank you. connell? connell: states across the u.s. are continuing to report record numbers of covid cases, hospitalizations and deaths. this comes as many reopening plans are being paused to help contain the spread of virus.

fox's case city stegall with more from dallas. casey. reporter: first death was reported back on march 17th. since that time, which is almost four months to the very day, more than 3400 texans have died from covid-19. more than 282,000 have been infected with the virus. record numbers in just the last week. the health data also shows that out of the number of tests being done, almost 17% are coming back positive. it is also put a serious strain on hospitals, not only with bed space running tight in certain regions but at times leading to staffing shortages, after caregivers themselves test positive. one of the reasons the u.s. military medical staff have been deployeded to states like california and texas to help. a grim side to texas being such a hot spot, fema dispatched 22 refrigerated morgue trucks to

various parts of this state. that is in addition to the other individual hospital systems or local governments secured on their own. listen. >> currently the city of san antonio and bexar county have two of these refrigerated trailers that are in operation at this time. we have an additional three that become operational by the end of the week. each of these trailers can hold between 24 to 36 bodies. there is a stacking compliment. reporter: according to the state health data a growing number of those facilities are in nursing homes, or fatalities are in nursing homes. since the pandemic more than 1100 deaths are linked to those facilities. 224 just in the month of july. in the last week more than 1800 new cases have been reported across texas nursing homes. that has many family members and staff worried obviously because history tells us that outbreaks in those places can be difficult

to contain. connell. connell: we know that all too well from what happened here in new york. thanks. casey stegall in dallas. melissa. melissa: ride-sharing across the sea. new demand for one summer activity. we got the details coming up

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♪ ♪ melissa: boat sharing is making waves finish see what we did there? -- as americans look for activities closer to home. grady trimble is live in chicago with the story. looks like fun. >> reporter: yeah, melissa. we're out on lake michigan as we speak, and this is not my apartment, this is a boat. it's a 45-foot sailboat that we're on. you see it has three beds, a dining room area. even has a kitchen. and this is all part of a boat sharing program. you said that, out makes you

wonder what that is. it's just like ride sharing or bike sharing. you pay a monthly membership fee, and then you get a share of this boat. you get to use it three or seven times a month depending on how many, how much you pay. bob remsing is the coo, and you've seen huge demand. people are just looking for something to do without having to travel. >> well, once the pandemic reality hit everybody, they realized they're not going to be on vacation, so now they're looking for something local. and, yeah, you're right, we've seen tremendous growth, up over 200% in june, and july looks even better. >> reporter: everybody talks about the hassle of owning a boat. you kind of take all that away. describe what that membership gets you, for this boat i think you said $650 a month, you can take it out three times? >> yeah. >> reporter: that's not a bad deal, and it includes all the maintenance and everything? >> right, it's all inclusive.

three uses per month, throughout the season. and in chicago we don't, obviously, sail in december. but, yeah, you're going to have a really good use of the time, it's all inclusive, there's no other costs. so it's -- you know what you're in for immediately, and that's really the thing that boaters, that's an important thing for boating. >> reporter: yeah, you know, i want to leave us with a shot of the skyline here, but they say that the two best days for boat owners is the day they buy the boat and the day they sell a boat was it becomes -- because it becomes such a hassle. this companies takes out all that hassle, and you just get all the good days in between. melissa: or another one, the best kind of boat is a friend with a boat. taking all that out of there -- [laughter] it's a beautiful thing to do especially when the weather is so nice and we're all looking for something that we can do to social distance. i know there are a lot of other companies doing this as well, and we've seen some here in new york as well. so it really seems to be one of those trends that is taking

hold. thank you for showing that to us, very cool. very jealous. i think i may look into that as soon as the show is over. thank you so much for watching us here on "after the bell." we will be right back here in the same spot tomorrow. "lou dobbs tonight" -- ♪ ♪ lou: good evening, everybody. for more than six weeks now, the city of portland has been undersiege bid radical leftist -- under siege by radical leftist mobs who are intent on destroying everything america stands for, and the left-wing democrat mayor of portland eagerly supporting the activist es and is permitting unchecked mayhem in the city. today the head of the department of homeland security tore into the radical dem leadership in portland for allowing lawless anarchists, as he called them, to destroy and desecrate that city. for 47 straight days and nights now