maryann, great to have you. [closing bell rings] see you guys tonight. how will futures open, just as stock market closes well into the green. you have to love the nasdaq, racking up its 20th record close. melissa: starting the week with a new record on wall street. the nasdaq leaving the major averages on hopes for a vaccine closing at a brand new high. i'm melissa francis. connell: i'm connell mcshane. welcome, everybody, to "after the bell." tech really drove things today. microsoft, apple, ibm, leading the dow. the nasdaq recovering all of last week's losses with that record run that melissa talked about today. it is the biggest gain in nearly three months. amazon bouncing back, what was a five-day losing streak, following the worst week since february. on top of all of that, s&p 500 turning positive for the year. it is less than 5% away from

record territory. a lot of good stuff in the markets. we'll talk more about it. fox business team coverage. blake burman, hillary vaughn reporting from washington. all the talk about what the next stimulus looks like. blake we start with you. reporter: connell, very public signal from president trump and his administration, the next steps of negotiation will start to take place today, as we saw the president in the oval office on one side of him. the vice president and the treasury secretary on the other side of him republican leadership. we heard the president say again he want as payroll tax cut. we heard mitch mcconnell say once again he wants liability protection for businesses. we heard the treasury secretary spell out other items on their wish-list. >> we'll have tax credits that incentivize businesses to bring people back to work. we'll have tax credits for pp&e. for safe work environment and we'll have big incentives, money to the states, for education,

for schools that can open safely. reporter: connell, melissa, two notes about this meeting earlier today. i'm told from a source familiar with the matter, get the chuck schumer video off for a second, there is news i want to get real quick. i'm told from a source during the meeting earlier today art laffer was brought up, was dialed into the meeting at request of the president. they were talking about those in the room. health care price transparency, the president has signed an executive order about it. the discussion was about codifying that into law, trying to get it into the phase four measure. i'm told the president asked art laffer about this. laffer threw his weight behind it. i'm told the president really supports the idea of codifying this health care price transparency into the phase four negotiations. something to keep an eye on. also after that meeting or at least towards the tail end when the president brought reporters in, he got into the question and

answer session and the president said he will be bringing back the daily coronavirus briefings. the president suggesting that the next briefing will be tomorrow afternoon at 5:00. he will almost assuredly be asked about the tweet he sent out in the last handful of minutes. put it up on the screen real quick. the president himself said at one point showing himself wearing a mask. people say it is patriotic wearing a face mask when you can't socially distance. if you go to the tweet, you see him with image of wearing the mask. the president certainly moving on the issue when it comes to wear a face mask. now suggesting that it is patriotic. back to you. connell: much different than you interviewed him a couple weeks ago. there is an actual picture with the tweet, blake. to the politics of all of this as he steps up to the fight. president trump ramping up the economic attacks against his

opponent in november, joe biden. hillary vaughn live with that from washington. hillary. reporter: the president says he is happy how the economy rebounded so far, but he is not happy how some democratic governors slow-walked reopening their economy. new fox news poll showing the president may lose voter confidence he should be in charge of the world's largest economy a new "fox news poll" shows joe biden has 1% edge over trump over who they trust to do a better job on the economy. the president pointing to democratic governors as part of the problem in an exclusive interview with "fox news sunday"'s chris wallace. >> i think the economy is expanding and growing beautifully. now the democrats want to keep it closed as long as possible because they think that is good for the election but i think the economy is doing very well. now we're coming back and we're coming back at a level nobody would have thought possible. we're going to have a stock market, perhaps, on november 3rd, that is the

highest in history. reporter: even though trump thinks the economy will be a winning issue for him on election day a new "fox news poll" show that is not voters number one concern right now. instead it is coronavirus, with 29% saying that is their top concern. 15% say the economy is their number one concern. presumptive democratic nominee joe biden says this covid-19 crisis is a chance to rebuild the economy but he did admit the way they left the economy under the obama-biden administration is not good enough. >> we can't just go back to where we were before donald trump took office. we have to build back better. i promise you i will make historic investments to revitalize our economy, by strengthening american manufacturing and the supply chains and by making sure american workers have an opportunity to join a union and earn a real living wage. reporter: getting a peak what joe biden economy would look like.

the two planks already been rolled out totaling $2.7 trillion and biden will announce the third plank for that tomorrow but we still don't have the price tag for that third plank. connell? connell: all right. hillary, thanks. hillary vaughn in washington. melissa? melissa: promising news from uk researchers driving the market today. medical journal lancet today publishing the early trial results of astrazeneca's coronavirus vaccine. fox news's greg palkot is live in london with the details, greg? reporter: hey, melissa. we're tracking it. yes, some encouraging news about a possible vaccine for covid-19 coming from scientists here in the uk. the first human test results of the vaccine were revealed, that they have been developed by scientists at oxford university, described to us in a conference call earlier today as an important milestone with good

immunological response means it could provide short and long-term immunity for this dreaded disease. important too, melissa, it is also deemed as safe with few side-effects. still based on a test of 1100 people here. now it is moving on to necessary, broader field trials involving tens of thousands of people in south africa and brazil and soon in the united states. then it needs to be made and distributed. oxford is linking up with a huge astrazeneca pharmaceutical firm plus about $1.2 billion from the u.s. government. in fact there are 300 million doses already reserved for the u.s., possibly available as early as december. here is more of what the head of the oxford project had to say today about the vaccine and its importance. >> i think the vaccine is the way out. and i think that we're going to need a lot of vaccine because there was a hope if we had a vaccine quickly we could put out the pandemic, and it wouldn't

come back. i think it will be very difficult to control this pandemic without a vaccine. reporter: all told billions of doses in fact, melissa, will be needed and this is just one vaccine looked at, being researched and worked on, all across the world. the thinking is, that you work on a lot of them, maybe at least one or two work. we will see. absolutely crucial for the world. back to you. melissa: yeah. essential. greg, thank you for that. connell? connell: we have an alert, melissa on ibm. it is just out with its second-quarter earnings results and they are better than expected. that's why i would think the stock is up by 3 1/2% plus in after-hours trading. still down from a year ago but not down as much. earnings of 2.18 a share last quarter beat the estimate of 2.07. that is on an adjusted basis.

revenue, 18.1 billion better than wall street estimates. ibm like many other companies did not give us an out look but the ceo gave an interview to "barron's." cloud business is doing well and hardware there was issues. coronavirus in services where they saw decline. what kavanaugh said because ibm is focused on working with large companies was able to shelter itself from some virus-related problems affecting the small and medium-sized enterprises. bottom line, ibm, stock up after-hours, earnings down from last year. but they were better than expected. more to come. melissa, back over to you. melissa: let's bring in charlie hurt. he is "washington times" opinion editor and a fox news contributor. okay, charlie, sorting through all the economic possibilities for this next aid package and you look at what joe biden is saying he would do as well, if you are president trump and you are throwing get to the wind,

which is what everyone in washington does, free money, free money, no one cares about debt, what would you do would think would be most effective? there are republicans of course worried if it extend the amplified unemployment benefits, that you actually can hurt the economy because you keep people at home. certainly anecdotally i know people can't get workers to come back because they're making more on unemployment. there is idea of cutting big checks which everyone loves, sending money. payroll tax is amazing but everyone in washington hates because they can take our money to spray it at other people. you're advising the president. you want to jack the economy to get reelected as soon as possible, what would you tell him to do? >> the first thing i would say it is important to remember, that you're right, every politician in washington is delighted to dump debt on our

grandchildren and great grandchildren. it is that donald trump only one sort of is up front about it. he never claimed to have a problem with debt. he loves debt. his entire career is based on debt. so i kind of admire that to begin with. second thing, president trump's re-election entirely depends on the economy. melissa: right. >> i think whatever they can do to stimulate the economy without, as you point out creating a, bad incentive so people don't go back to work is going to ultimately be absolutely disasterous. so i think that that is the biggest thing. washington is not going to be able to spend its way out of this pandemic. the only way that we're going to get over the pandemic and get the economy going again is to get people back to work. i think, focusing on that is the number one thing. then the second thing, i do think the liability reform is probably something that

republicans will be pushing for and demanding and i think it is probably a very smart thing. because i think a lot of this is driven by a terror of tort lawyers out there who are eager to make a quick buck off of this. melissa: so that's a great point because the liability reform is huge, it needs to happen pretty quick, because i think we have all met people afraid to reopen their business because they say, what if somebody gets sick and then i get sued. i'm afraid of that. >> right. melissa: i think, like anytime you send, you want to fire money at potential voters forever, politicians thought that is a way of getting votes, giving people cash, but the unemployment insurance, the enhanced one it is so dicey because if republicans don't do it, then they look like oh, my god, here you have this huge crisis and they're not going to give this unemployment insurance. they're evil people. in the short term there is

psychological impact of people saying you know, the president is not giving me money. he is taking away money. so you would have to really believe that putting those benefit out there is going to slow the economy. that is a tough decision to make. you see the divide, probably, with like mnuchin on one side, larry kudlow on the other. what do you do? >> so it is, it is tough but here's what i would say, it doesn't matter how popular or unpopular you look right now, if the economy is in the toilet come november and you're a republican, you are going to be out on your tookus, you are not going to win re-election if the economy is terrible come november. that is truer of president trump than anybody else. and so i would say, to heck with what is popular or unpopular right at the moment, do the right thing. because it is the only way you're going to get reelected.

melissa: right. by the right thing, we don't mean the right thing for our children and grandchildren which is to not fire hose money off at the whole world. by the right thing, we mean geteconomy going so people can get back to work, feeling better, and once again we'll kick the can down the road on debt. i love the word tookus also and you probably stole that by me. joe biden if he puts his plans out, it doesn't really matter, it is anti-trump. he is sort of a straw candidate. you see what is happening right now. vote this. go ahead. >> the problem right now with, for president trump is that the election currently a it stands is all about donald trump. and until he steps back and lets the election become all about joe biden, he is going to be struggling at the very least. melissa: okay. all right. charlie hurt, thank you for that. connell? connell: all right, melissa. adapting to a new normal,

colleges across the country grappling with how to safely get their students back on campus. we'll talk to the president of purdue university about that. also happens to be the former governor of indiana, go over the plans they have for reopening and also the financial hurdles that lie ahead. plus a paycheck for everyone. one city extending its pilot program for universal basic income. critics say the move will backfire getting americans back to work. we'll have the fall wrought later in the hour. not bouncing back. hotels are bracing for what could be permanent damage to the industry. stick around. we'll be right back.

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♪. melissa: "fox business alert." elizabeth holmes, former ceo of theranos facing a virtual court hearing. holmes' attorney is calling for the trial to be delayed until april of 2021, citing the pandemic. insuring a trial safe from a public health standpoint adding he expects the trial to last three months of the judge says likely will be pushed to next year, but refuses to disturb the current trial date,

october 20th. holmes as the ceo of company facing 11 counts of fraud and effectiveness of its blood detection technology. we'll bring you any headlines during the hearing this hour. connell? connell: safely reopening in the fall. that is the idea for universities nationwide outlining plans to get students back on campus, we're joined by the president of purdue university, former indiana governor mitch daniels. governor, you were one of the first out there to get a plan together. i know things have probably progressed since then. talk about where you are now. i saw a partnership you put together with rutgers university on testing. tell us a little bit about that. that is self-administered test, is it? how do you plan to use it to get the students back? >> connell, it is the latest of a series of enhancements in our program. i hope for more.

we'll do everything we can to create a safe campus environment for all this fall. the testing, pretesting, will be i hope a major part of that. everyone of our students will be receiving in the mail a test kit, a saliva-based test kit, much like that the nba and others are now employing and they will be given a limited number of days to, to take the sample and send it in. we're getting very fast turn around time. i have the assurance of that. and so, even though all indications are, we'll have a very, very low percentage of positive cases against 30,000 undergrads that will be a significant number of people who will be intercepted before they can come to campus and possibly infect others. so it is just one piece of a very comprehensive program that we're going to try to implement here but i'm very glad we're able to add it. we'll augment later with

surveillance testing. obviously the testing of anyone who looks like they might have symptoms or might have this disease. melissa: and i saw with a limited number of students on campus for summer programs the positivity rate was under 1%, which on a relative basis is obviously great but as you say you start to increase the number of students to come back in august and september. is there a percentage number maybe on positivity you look at maybe this is unacceptable and we would have to start rein things back in, shut down? how are you booklooking at it? what metrics will you watch? >> i will watch a couple things. in terms of total cases, the difficulty point for us if it began to outstrip our ability to safely isolate. we have those cases, for the two weeks or so that, that they will need to return to full health but we have hundreds of rooms set aside and, i hope that won't be a constraint. the other thing, which i think

is important for us all to concentrate on is the severity of the cases. the positives that we have found so far among the early arrivals a few of our athletes are extraordinarily mild. in most cases they didn't even know they had the virus. so, what we'll be watching, i will be paying a lot of attention to, do any of these cases that we will have this fall turn into something more severe? our main strategy is to protect older, vulnerable people who would be more likely to have severe event. connell: yeah. keep an eye on the professors obviously and the staff. you mentioned athletes and i will end on that, what about sports? what type of big 10 competitive season can you expect? what are you adjusting to? where are you right now on intercollegiate athletics? >> connell as you know the big 10 already said at the most there will be a 10 game

conference-only football schedule, and i would underline at the most. i think that this has to be look ad very seriously or carefully. nobody would miss fall sports more than a sports fan like i but we have to be very conscious to the special risk to athletes who cannot avoid close proximity. we have to be very careful about the possibility of older staff and coaches who might be at much more serious personal risk from the virus. so no promises. i think there is a lot of doubt over whether we can do that in good conscience. connell: all right. fair enough. governor daniels. thank you. mitch daniels now the president at purdue university in indiana. melissa, back over to you. >> all right. uncertainty in higher education. many colleges announcing courses will be online this upcoming

fall semester but students not seeing any breaks in tuition? hmmm. so is community college more financially choice right now? grady trimble live in glen allen, illinois, with more on this one. break it down, grady. reporter: melissa, they don't have official enrollment numbers yet but community colleges across the country are expecting a surge in the fall messer. some are already marketing college students planning to go to a four year university or already at a four year university, but don't want to pay full price tuition for online classes. did you plan to attend a university this fall but want to avoid paying high costs during the pandemic? college of due page is the best option for you. this community college has some in-person classes like dentistry lab we were at earlier today but the vast majority of courses right now are online, like many

four year universities are planning for the fall semester. but the community colleges don't have the high price tag associated with them. we talked to a student. she said that is one of the reasons she is choosing community college right now during the pandemic. >> i would like to be financially responsible. so me knowing that i'm putting forth so much money towards classes that i'm not even getting in person, like professors, student interactions with, i would not be able to deal with that. reporter: columbia university's community college research center, yes, that is a thing, warns that any switch by four-year students toe to cheaper community college courses will likely be temporary over the long term. community colleges should heed the post-great recession trend when they lost enrollment share. so we will see if this is a temporary blip or we're seeing a changing landscape of higher

education in this country. melissa? melissa: yeah, we'll see. grady trimble. terrific as always. connell? connell: running a business in multiple states under covid-19, obviously not an easy thing to do and we'll check in how one business owner is handling the ever-changing reopening guidelines. plus protests turning violent. the details coming up on clashes in two cities out west. we'll be right back. they get that no two people are alike and customize your car insurance so you only pay for what you need. almost done. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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connell: here is a fox twist alert from the new york jets and new york giants. the teams announced a joint decision they wilt play home games at metlife, the stadium in new jersey, do so without fans of the 2020 season. governor phil murphy informed both of the teams that the limit his administration put in place. 500 people at an event for an

outdoor gathering, that does include professional sporting events. the team said no fans for professional football until further notice. melissa. melissa: unrest across the west coast. violent protests breaking out in seattle's autonomous zone. federal officials clashing with rioters in portland. fox news's dan springer is in seattle with the details. dan? reporter: melissa, seattle had been relatively quiet last couple weeks but yesterday the violence and destruction returned a large group of agitators and anarchists swept through downtown many with baseball bats and loot breaking windows and looting stores. when they were stopped by police, someone in the crowd started throwing mortar style fireworks at the officers. at least a dozen police officers were injured. one had to be taken to the hospital. after that rioters returned, went to another precinct, breaking windows and setting a small fire inside of the building. police fired tear gas to push

the crowd back. in portland there was a protest for the 53rd straight night. again it was marred by violence and property damage. rioterser to down the fence put around the courthouse. that allowed them to go up to the building to taunt the federal officers inside. they eventually came out and fired tear gas and less lethal rounds against the mob. president trump defended the strategy and that the strategy will be spread to other cities to stop violence. >> portland is totally out of the control. the liberal democrats running the place had no idea what they were doing. they were ripping down, for 51 days ripping down the city. more federal law enforcement. i can tell you. in portland they have done a fantastic job. these people are anarchists. these are people that hate our country. reporter: portland's mayor, both u.s. senators from oregon, several other elected officials are blaming the trump

administration for sending federal officers to portland. the state's attorney general is preparing to sue the federal law enforcement agency over some arrests that involved the use of unmarked rental cars. merited wheeler wants the fed to leave portland now. >> we have dozens, if not hundreds of federal troops descending upon our city. what they're doing is they are sharply escalating the situation. their presence here is actually leading to more violence and morvan dallism. reporter: with all the chaos in the pacific northwest, police made just two arrests yesterday. they happened in seattle. melissa? melissa: all right. dan, thank you. connell? connell: all right. progressive push, melissa, that looks like it is gaining steam. one california city's pilot program has other regions calling for a handout. we'll have that, plus struggling to get back on track. the fall out could leave one industry permanently closed for

business. upping safety protocols in the happiest place on earth. disney world is banning guests from eating and drinking while walking in the theme parks to make sure people are wearing masks at all time as coronavirus cases continue to spike across the state of florida. we'll be right back. ♪ ♪

amazing school district. the hoa has been very involved. these shrubs aren't board approved. you need to break down your cardboard. thank you. violation. violation. i see you've met cynthia. at least geico makes bundling our home and car insurance easy. and it does help us save a bunch of money. two inches over regulation. thanks, cynthia. for bundling made easy, go to geico.com ♪. connell: a paycheck for everyone. a coalition of 11 mayors across the country calling for a

guaranteed income to help combat the income inequality they say have emerged in their cities during the pandemic. to gerri willis now who has the details on all of this. gerri? reporter: hey, that's right. so what do the pope, andrew yang and twitter ceo jack dorsey all have in common? well they're big fans of that guaranteed income, what they call universal basic income essentially a free economic from the united states treasury with no strings attached. among the fans of the program, democratic presidential aspirant andrew yang who proposed giving all americans 1000 bucks a month. supporting it elizabeth warren, pete buttigieg. but it is not just democrats. coronavirus is spurring interest in the idea on a limited basis for people like senator mitt romney who suggested a one-time 1000-dollar a month payment to americans. ubi getting traction in places like silicon valley where

executives increasingly expect robots to take over jobs handled by humans. one time foreclosure capital of the country, stockton, california, experimenting with a limited version of universal basic income which awards 500 bucks a month with a program targeted at low income families. that program bankrolled by twitter's dorsey. the mayor championed the program recently extended as this generation's extension to the safety net and more imperative to the covid-19 pandemic but not everybody is a fan. doug holtz-eakin, president of american action forum says the cost of nationwide ubi, would be staggering, $3 trillion a year, on par with spending in the cares act. imagine, listen to doug. >> it is not day who ared to the needs of people and so, system that we have now where we have some food aid and we have some low income aid and we have women and infant children aid, really a better system.

reporter: so doug says that we simply can't afford such a program because it would be on a par with putting out the cares act each and every year. connell? connell: all right. gerry, thank you. melissa? melissa: here now is dan henninger, deputy editor of "the wall street journal" editorial page and fox news contributor. i don't know, what do you think about this, dan? what's the solution? >> well, i don't think the solution is what they're proposing. as doug holtz-eakin suggested how would you end up paying for it? it is basically social security, kind of a pension for people who are not yet retired. both social security and medicare have support problems of their own and the issue would be how do you pay for it? the answer to that is pretty simple. you pay for it with higher taxes on other people, whether they

are income taxes or corporate taxes or a payroll tax even, you have to redistribute this income back down to the people at that level who are getting a universal basic income. but i have kind of a larger disagreement with this, melissa, which is, that you are ultimately talking about creating two classes of americans. people who need a universal basic income permanently and much higher income people who do not. it would be like creating an american aristocracy and an american class always would be dependent on this ubi. i don't think that is the kind of country we want to consciously design. melissa: it is also about the general approach to how do you solve a problem. you know, when you look at, for example, we were talking to councilmen levin on the show last week about reopening schools and the hardship that it would create to not have schools open and he said they wanted to

create a law where parents couldn't be fired because they weren't showing up for work because their kids couldn't go to school. and i said, why not, on the other hand, stagger kids through the day as private schools are doing because they're fighting for the money and they're fighting for the tuition where they have young kids starting at 7:00, some kids starting 10:00 a.m.? in other words they're finding a way to get kids into school because need tuition, and parent back to work as opposed to thinking of a solution from the other end of the spectrum where we make sure parents get paid for not going to work? those two different ways to try to solve a problem, is it either about getting the most people out there working and learning and part of the economy? or is it about you know, creating a government that pays everybody to not work and to not, and indemnifies them from having to go to work? isn't that kind of where we are right now in almost every

conversation? >> i think to some extent that is exactly right, especially with the coronavirus. i mean the coronavirus, the pandemic, is a unique event, but i think this unique event is being used to translate approaches to helping people in a way that has much more long term implications. i don't particularly want to create long-term system based on our response to the coronavirus pandemic. i mean what you want is a system that allows people to get jobs and creates upward mobility. and, i think some of the cities proposing the universal basic income, oakland, stockton, california, newark, new jersey, new york city, los angeles, these are places where the cost of living is already very high for the poor people living there and we need to look at the reasons why it is so expensive to live in these democratically

controlled cities. the schools there are very poor. they're not educating people. they're not educating them for the kinds of jobs that are emerging in a modern economy like the one we've got. housing costs are very high in those places. these are kind of the underlying reasons why you now hear these calls for a universal basic income. it is covering up a lot of past policy failures and i don't think we're going to help ourselves if we simply try to throw $1000 a month at people and think that is going to make all of these problems go away. it will not. melissa: yeah. no, on a federal level you can print the money. on a local level you can't do. that we're seeing huge deficits everywhere. maybe the day of reckoning is coming as people with money who pay taxes leave the cities that have become so insane. dan henninger, brilliant as always. thank you for coming on. connell? connell: keeping up with the reopening guidelines, not easy to do in some cases.

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back to work functioning. you start servicing your loyal guests who love the experience of what you're doing. connell: all right. the uncle jack's meat house ceo when he was on our show last month, talking there about opening up restaurants in new york, also in georgia. he is back now with an update. will, good to see you. thank you for coming back on the show. what is the update? how are things? >> good afternoon. the update is okay. west ninth avenue and 34th street and we opened up for 10 business days, shut it down for the entire summer. the city is basically a ghost town. nobody is doing anything to help the cause to get people to come back to the city. p bayside queens, the original uncle jack's steakhouse, we put an outdoor cafe area. in the front street they let us have our parking space. we work with the restaurant left

and right. we made it beautiful. i had a whole team designing cafe, plans, tents up, department of traffic, sheriff's department. department of buildings there inspecting us, adapting, changing rules. we overcome it. we're doing business. we are 50% what we used to do. we're not a big delivery take-out restaurant because we're more fine dining. steak is not a great delivery item. my team is executing. we're running minimal staff. controlling the costs and running a minimal menu. connell: interesting. so you have had to make different decisions based on different areas. so maybe people that live in manhattan gotten out to second home whatever the case may be as people in queens or not, what about georgia? i said earlier in the show, it is tough for you. guidelines changing in different places. you have restaurants in new york but you're also in georgia. how is it there? >> let me reiterate, in uncle

jack's in queen's, we built a 50 feet outdoor cafe. we put in astro turf. we're building sales. we're working around all the rules, regulations. then in georgia, all my locations i have now, and the future ones that are underconstruction and coming down the road, they all have anywhere from 1500 to 2,000 outdoor seating. plus in georgia, you're allowed to sit 33% of your normal capacity. so that's helped us through this whole last 2 1/2 month period. so we're doing about 60% of the business we used to do in a five-day period. connell: huh. you're still going ahead with the restaurants that aren't open yet, the ones planning for the future? you have not cut back on that at all? >> no, i'm opening one on peachtree corners. the construction in georgia never stopped.

it was set up for quarantine purposes. they all wore masks, had sanitizer. the construction is still going. i had two other locations. i was able to take locations in the town of rosswell, great little city there, a restaurant fully built, failed in last couple months to these times. i took it. i will transform it to an uncle jack's on canton street in roswell. we have lawrence street under construction. a lot of good opportunities for me. i'm a very proactive owner. i'm a great delegator. i have a lot of great people on my team. we keep it simple. we execute. we always have a plan of attack. we're always looking to at adapt. we have boots on the ground, and we understand the business. keep it simple, stupid, and execute and take care of your guests. connell: that's right, kiss, keep it simple stupid. willie, we did it last month.

maybe we'll do it next month. you give us an idea how businesses are doing in unprecedented signs. willie diegel. back to you. melissa: he is the best. heart break hotel. what the hotel industry will look like after the pandemic. that is next

melissa: the hotel industry hurting, leading insiders to wonder what the industry will look like postpandemic. kristina partsinevelos is life from new york city. >> reporter: you have hotels across the country that are shuttering their doors for good. i'm standing in front of two locations that are permanently closing, and this is leading a lot of experts to wonder what will happen to the hotel industry post-pandemic. you have the w hotel that's filed a notice with the state, expecting at least 130 people to

be laid off in the month of october. and this comes to a detriment not only for those workers and the job losses, but also communities because there's a major loss of tax revenue. and given a lot of these hotels in metropolitan cities are major tax drivers, it could be a pitfall for cities. listen in. >> it's also the employees in the restaurants, in the shops nearby the hotels. that really hits hard those international locations. if you take a place like new york city, over 30% of the buyers of luxury e goods are typically foreign nationals. you're clearly not going to see that in the short term as well. >> reporter: real estate firm cvre says that the impact of the coronavirus is worse than the 9/11 and the financial crisis combined. and what you're seeing overall is that the average revenue per room declining, and the occupancy rate for the graphic that you're seeing on your screen has dropped dramatically in the past two months, so

overall it has a major effect on not only the workers, but the surrounding communities like this one right here in the financial district. back to you guys. melissa: it'll be interesting to see what they do with all those space and all those billion dollarings. kristina, thank you so much. that does it -- ♪ ♪ lou: good evening, everybody. the left-wing mobs of antifa, anarchists and black lives matter activists, black lives matter activists rioted in seattle last night. the radical dems who run the city have run from their oaths to protect the citizens from seattle just as the leaders of the other democrat-run big cities in this country have been doing thousand. in seattle -- doing throughout. in seattle, deadly violence for almost two full months now. rioters in downtown seattle last night smashing windows, loot aring businesses, trying to set fire to thety