@foxbusiness.com. you can tweet us. please keep it short. keep it to the point. keep it pithy. you might get on the air. my time is up. david asman is waiting in the wings david: stuart, you should write a book. i'm david asman in for neil cavuto. this is cavuto coast to coast. the next frame work of the next phase of the coronavirus legislation. president trump saying the violence in chicagocontrol. announcing a surge of federal officers will be sent to deal with the crime. then to california where parents

are suing democratov to reopen e schools. but first, a stimulus deal between republicans and the white house is in the works. majority leader mitch mcconnell is said to strategize in about half an hour with his caucus. he is expected to unveil the plan later today. we're getting details what might be in it and when might not be in it. fox news congressional correspondent chad pergram on capitol hill with the latest and apparently a payroll tax cut deduction may not be in this, right? reporter: that's right. we'll talk about that here in just a second.ev+ this tenne particular set of spending, the easy part, the appropriations part. so mitch mcconnell, the senate majority leader mitch mcconnell will run through those details with his conference here in the next half hour or so. this is so fragile right now, we don't have a lot of meat on the bone. that is why mitch mcconnell has been hasn't said anything at this morning.

i will run through what we do know here. there are a couple of details here. the plan would provide $105 billion to assist schools to reopen. the idea this is money going to open schools, not virtual schools. there is also 15 billion-dollars to help day-care centers to make their facilities safe and $15 billion for additional testing. a major provision that president trump pushed for is not in this phase at least ato treasury secy steve mnuchin. reporter: will there be a payroll tax cut in the bill? >> not in this. we'll come back there may be a cares 5.0. the president is focused on money in americanz workers and american pockets right now. reporter: this is just the opening bid in a long process. white house chief of staff mark meadows said yesterday they moved ball from their own 20-yard line to their own 35-yard line. most expensive part of this bill is potential for direct payments, maybe renewing unemployment insurance but house

speaker nancy pelosi asked where are other priorities. >> what they have on paper, you see what they don't have on paper. so when they say billion, a trillion dollars and nothing for state and local, nothing for food stamps, feeding the hungry, nothingk for helping with rent and rest of that, nothing, so many things they don't have, then you realize how they're at a trillion dollars, how unacceptable it is. reporter: something we heard yesterday is that senate reblicans might try to roll this out in a series of bills rather than one big amalgamated bill. house speaker nancy pelosi said just a few minutes ago she would not go for piecemeal david. david: as if a trillion dollars wasn't much. as if a trillion dollars used mean something. thank you, chad. 1.4 million workers filed for unemployment as coronavirus cases surged and 600-dollar

unemployment benefit is about to expire. fox business's jackie deangelis has more on all of that. hi, jackie. reporter: good afternoon to you, vi rise in initial jobless claims took the wind out of market sales. you can see the dow down 105 points. earnings are in focus. investors are watching them closely. the april through june quarter being reported now, that is the one that will show the most impact from the coronavirus pandemic and related shutdowns. this is all under that backdrop as you mentioned of these benefits running out on july 31st. now most recently we hea twitter, it missed analysts expectations on its revenue but it did show some strong growth in users. that is the metric that analysts look at for social media compan, ad revenue declined because of covid-19. it also said the trend started to reverse at the end of june. so we have to see how things go. take a look at shares of southwest because it posted a

915 million-dollar loss. we know the airlines have really been beaten up through this but the company did try to reduce it the expenses. it warned travel demand will be a problem until there is a coronavirus vaccine. southwest and others trying to get employees to take buyouts, maybe retire early. but it can't actually cut jobs until october because of that $25 billion in federal aid that all the airlines received. there was tesla. this is the big story today. it reversed course in the stock price there, but wow, four consecutive quarters of profit t was a milestone for this company. it did struggle with the pandemic and factory and@r showroom closures. but it brought in $6 billion in revenue and 428 million in regulatory credits. those are expected to continue to rise. it also said texas is going to be the home of its next factory. a lot of watchers were waiting to see what that location would be and this afternoon, david, everyone's eyes will be on intel

so make sure you watch for that. david: unbelievable. all right. thank you very much, jackie. republicans in the white house currently weighing extending the 600-dollar per week unemployment benefit. to fox news contributoron wheths benefits should be extended. liz, let's talk about unintended consequences. there are consequences for paying people more for not u9rking than they usually get for working right? >> no question, david. 20% of small business owners a recent survey said they were unable to hire back their workers because those people were getting $600 per week unemployment extras which basically meant they were making more money, not coming back to work. the first thing we have to do to get everybody kind of back on board is to get rid of that extra $600. i think what republicans want to do, i think what is in this bill, although it is not final

as you pointed out, is limited to maybe 100 to $200 incremental income. have it go through the end of the year so people can plan better. that seems to be a pretty reasonable compromise. david: what about incentive for working? that is, for a bonus for getting a job? a lot of republicans are talking about that. >> in effect that is it what the payroll tax ctx -- david: that might not be coming now. >> pardon? david: that might not be coming now. the news from steve mnuchin, no way. there is big supply side revolt about that. a lot of people say they should be focusing on growing our economy rather than spending our way out of a slowdown. >> well, exactly and what you're really trying to do is reward workers, rewarding peoplehat ist cutting the payroll tax would have done. my guess republicans try to launch that in the next phase if

there is another program and at least they will talk to people about it before the election because i think workers, working class families would view that very favorably as would the business community. that would politically be a big plus for donald trump. so i'm guessing, actually, it is somewhat controversial, david, this payroll tax cut even amongst republicans. i'm guessing they will make another push for later on. david: there is another side to the 600-dollar unemployment benefit in addition to the state benefits, which make it easily $1000 or more a week particularly in states like new york and california. you look what is going on in oregon, seattle washington, cities having problems, some of the protests are peaceful. a lot of them are not, they turn into riots how many of those people would be out in the streets if they were not getting checks from the government? >> tasted, the number one thing we have to do in this country is get people back to work.

i think the two most important thing is to reopen the schools. no question the teacher unions are trying to prevent that, they know that would be a huge boost for the economy. parents can't go to work if their kids are home. they need to take care of them. so that is a serious problem. i do think that this unemployment issue is another one, but you're totally right. there are far too many people. there are tens of millions of people without work at the moment. so yes, they're free to go and protest and march. that may be worthwhile for them but it is much more important to get them back to work. david: what is that phrase? idle hands make the devil's work, something like that? it seems to be playing out in some places across the country. liz peek, always a pleasure to see you,. >> thanks, david. david: raging debate how and when to open schools coming to a head in california with parents suing democrat governor gavin newsom over school closures. meanwhile white house press

secretary kayleigh mcenany detailing why schools should reopen. watch this. >> this president has been clear. we want schoo reopen. you have the cdc director saying it's a greater public health threat for schools to stay closed than open. we know that kids in particular are not affected by covid in the same way that adults are. and also i would just point out that on the issue of schools, 1/5 of child abuse cases are identified in schools. they have to open. david: now the president will hold another briefing today at 5:00 p.m. eastern where he is likely to talk about school openings. when and how they should take place. to quinnepiac university law professor on what we can expect this fall. john, we know a little bit about what we can expect from what's happened in europe and asia, despite the coronavirus raging along, they have had school openings and they have had some pretty good effects. yes there houple isolated cases where teachers have gotten sick but generally

not so with the students. it hasn't increased these flareups of the virus as many people were worried about. >> yeah. from europe and in asia that by reopening the schools you03on't have this massive increase in the infection. the cases itself, david is interesting. i'm not trying to turn all the viewers into legal experts here, safe to say, there are myriad of laws, constitutional, otherwise, federal, state, obligate states to provide a quality education to kids and especially when you talk about special need kids, there is lots of money that is allocated to states, to then provide those educations. so for a state like california to shut down, their schools, the parents are saying looking, you're getting all this money, tens of millions of dollars from the federal government and the state and you're still getting money. even if you're doing remote learning our kids are not learning. doesn't work for special needs kids.

you're getting money. yet you're not providing quality education you're constitutionally or by law required to provide. so when you think about those two countervailing forces it is not a simple, governor says i'm shutting schools, there is a lot involved in that. david: there is indeed but getting back to the health issue, you know there have been 30 children under the age of 15 who have died of covid in the united states, 30 out of all thl ones of thousands who have died. now again, one death is too many, is there tragedy, you have to emphasize that. 190 children died lt year of the flu and we didn't shut the schools. so, why should we, for the covid, if they have such a lower fatality rate than the flu does every year? >> and that, obviously that is what the court is going to focus on. i'm not a doctor, right? i can't speak, i do have four kid of my own. they're a little older now but, i think that is going to be the

analysis that the court goes through. you at least would hope so. this is out in california this case. i don't know what the analysis is going to be but yes i think the court is going through what are the risk factors by bringing kids back. they do have data from countries that we do recognize their data. it is not coming out of china. it is coming out of other countries like japan and south korea and of course data from europe. gavin newsom's decision to shut the schools, obviously, there is a lawsuit. he didn't answer yesterday when he was asked the question posed to him several times what was his rationale behind it, what data did they have to support it? he didn't give a great answer. we'll find out in the legal briefs with response. david: nbc had a report on school openings last week. they asked five pediatricians who have a lot of influence on schools in their regions whether they would send their own kids back to school. every single one of them unequivocally yes, we would,

absolutely. we're interested in it. you wonder what kind of evidence? wonder whether gavin newsom and other politicians are being pushed by teachers unions that have a lot of political influence? >> without question, they're getting pushed by the teachers union. the union is looking out for the membership and health concerns they have there but you know, let's face it, there is a, they're going to have the push from the teachers union. it's a tough issue when you think about this, the safety of the kids, but reality is, what people need to think about when th immediate say he is just protecting the kid, by having remote learning, i have a business here, you talk to employers with little kids, man it's a very different experience for them. all the time, john, i can't sit, a child will not sit by themsel computer for four hours like a 16-year-old would. i have to do it. i have a job. i it is difficult for younger and special needs kids.

if you're providing remote learning, not providing anything comes to level of quality education they're obligated by law to provide. david: john, great to seew you. thanks for being here. >> thanks. david: major league baseball restarts today. will it jump start american optimism for the future? that's next hike!

simon pagenaud takes the lead at the indy 500!á coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports.

♪. david: oh, god, it does give mee goosebumps. i hate to admit it. i love baseball. two words everybody is waiting to hear, play ball! baseball is back. washington nationals and new york yankees kick off tonight as 60-game season starts tonight. we have mlb analyst harold reynolds. thank you for being here. we appreciate it. i'm a very happy guy as you are we'll see games. we can't avoid the fact that it's a little weird. in some stadiums they will have cardboard cutouts of fans. it is like "the twilight zone,"

isn't it? >> it is quite odd. trying to do everything to make it feel like a normal game. the stands will be empty. we hear at mlb network have cutouts in oakland behind home plate. i'm actually featured behind home plate in oakland. it is weird though. it is definitely weird. it will be a challenging time. but that song you played is exciting because i didn't know or think that we might get to this point. we're excited about having a opportunity to even games. david: honestly, i'm not exaggerating i got goose bumps simple little melody on the organ but fox sports is trying to accommodate the situation a little more. we'll have these virtual fans in place. they will have video, we have a little footage of that. you have these, these old videogames, old video versions of it. those are the cutouts. but you know, you got to adjust. i think people will still tune

in, don't you? >> oh, people will watch. really what all this is aabout, accommodating people at home to watch games. clearly you will not be in stadiums. he in game for stadium will be interesting experience. they're piping in music. trying to make guys feel a little bit more at home. i'm curious will they boo a guy if he is struggling with the sound but also i'm looking forward to the sounds of the game you may not ever hear before as a fan. ball goes up, you think one guy calling for the ball, communication, where you might be going as a baserunner, you hear coaches, all those things. david: that's true. >> sitting on the dugout, now it is so quiet in the stadium you may hear somebody go back, he doesn't have a fastball today, let's get him. david: i'm sure they will mic up a lot of people they don't usually mic up to keep the mics open.

watch out for your language. players, i'm sure you're in touch with buddies with players are they nervous about getting covid or the virus? >> no doubt about it. we're fortunate we've gotten better with testing along the way. we haven't had a lot of positive tests in baseball. that is real fortunate. as guys get into playing. they settle in, with little more comfortable. you start to travel, you get out of the comfortable bubble you were in. guys are nervous, rightfully so but they do have great testing protocols. one thing that has been real good, is like i said, the numbers are coming back well. david: that's true. >> guys are negative right now. so that gives you a little bit. you will have apprehension, no doubt about it. david: by the way, now we're seeing, if you can put that back up, that is the virtual fans we're going to severe yaw fox sports. it is close. it reminds me of the canned laughter from the old comedy shows back in the 70s, 80s.

there are ways to get around it. i just got to ask you, harold, one question, we're focused on so much negativetivety in the news business and americans are kind of depressed by it all. you are actually from oregon if i'm not mistaken. >> right. david: you were from portland that is going through awful time right now. >> right. david: bears ball have the power to bring people out of out of the doldrums. do you think it might change american's attitude for a change? >> i think it will change with sports as well. we're sitting in the a middle of a pandemic at home, and there is not a lot of things to distract you except what isoing on around the country. baseball is one of officers sports back but they have had soccer and nascar but baseball is the american pastime for people to sit at home as a group with family. that will ease a lot of tension. comes other, basketball, wnba

and nba will start playing. anytime you can feel that. david: there is no sport like baseball that brings americans together. i have mean it just, it just has such an american spirit to it and feeling. maybe i'm being pollyannish. maybe i'm expecting too much, but i'm hoping that some of this chaos and craziness that we've seen may stop as a result of this. but, we'll see. harold, great to have you on, man. i appreciate it. >> dave, i appreciate it. think about it, as far as history goes too. 9/11, baseball came back with a big part of it. come back from the war, war veterans. baseball is a big part of it. hopefully we play a big part. >> thanks for having me, dave. david: harold reynolds, thank you very much. president trump is expanding the federal crack down from portland to chicago. how businesses are looking to take matters into their own hands they've really stood the test of time.

much like these majestic rocky mountains. which must be named after the... that would be rocky the flying squirrel, mr. gecko sir. obviously! ahh come on bullwinkle, they're named after... our first president george rockington! that doesn't even make any sense... mr... uhh... winkle. geico. over 75 years of savings and service.

♪. david: well as if they didn't have enough more shootings now in chicago, the trump administration responding by sending federal officers to the city but business owners are offering cash rewards of their own to find the killers. grady trimble is in illinois with that story and more. grady? reporter: david, we moved from dixmor to chicago where a rally is ramping up against the federal intervention the president announced yesterday. he says a surge of federal law enforcement officials will make their way into chicago and other cities across the country that have seen a spike in crime recently, namely albuquerque, new mexico and kansas city, missouri. members of the atf, fbi, other federal marshals moving into chicago to help in an investigative capacity. this comes after murder rates are spiking this year and other major cities. chicago murders are up, 48% same

time last year. new orleans and kansas city not far behind. murders in new york city, up 25% compared to the same time last year. business owners say gun violence has gotten to a point they can't ignore it anymore. they are stepping up to help. they formed a coalition and gathered thousands and thousands of dollars they're offering as rewards particularly in the killings of a one-year-old and three-year-old boy in two separate instances. this is in order to encourage people who might know something about these crimes to come forward. listen to the business owner we talked to who is helping spearhead this about why he thinks businesses need to get involved and why this has become a business issue. >> they're scared to spend dollars in the community. we know we just had a mass shooting in a particular area, i'm not coming to shop. i'm not coming to spend my money. in my opinion it gives business owners more of a urge to get involved. reporter: some of the business owners we talked to agree with

the folks here. they say that they don't want federal intervention in the gun violence problem in this city. they say it's a local problem. we need to give local officials some time but, david, when you see numbers like 48% increase in murders in chicago, manyeople think it is time for a change. david: no, it's absolutely unacceptable. that is the main thing that we pay government for is to keep us safe. if they can't do that very basic thing, something has to be done. grady, thank you very much. former d.c. democrat chairman, scott bolden defend the spike of violence in the cities. it is indefensible, scott, i'm sure you agree with that. mayor lie foot is caught in a bind. she is the mayor of chicago. on one hand she doesn't want to admit she needs federal help in order to solve the problem. on the other hand she has to face voters getting fed up with the fact their tax money is not

keeping them safe, the most innocent, the most vulnerable people are being killed. we hear a lot about black lives matter these days. the most precious black lives are children, little children who are being killed more and more. what can be done? doesn't mayor lightfoot need help from the outside? >> well, as a business democrat, as a former prosecutor from new york city, i grew up in joliet, illinois, not far from chicago. my dad practiced there. he is a retired judge now. it's a complicated situation. the fact of the matter is people who say it's a local matter and let's give locals time to operate, i must tell you, how much longer do we have to give the local police department and law enforcement. david: or mayors. >> when you look over last 10 years. or mayors for that matter. i respect, think a lot of lori lightfoot but she is in a bind. listen if you can't get it done with this comprehensive law enforcement as well as pumping

money into anti-gang based programs. because most of these shootings and killings are gang-related if you will. while businesses are taking a big risk offering these rewards by the way, because gangs can harass them as well. they say enough is enough. but it is complicated. i'm actually for the federal troops going in. i am. i'm a democrat. i lived with these killings long enough. but i don't want them to make it worse. i want them to make it better. with the atf, put dollars into anti-gun program, do something to empower these communities along with shutting them down with highest crime rates, most of the shootings are, you have to do a perimeter for them until you get it under control. david: scott, thank you for interrupting. i'm happy to hear what you're saying. you're pretty much a party line guy. for you to say it is time for something to happen, shows how desperate this count e country is. >> we have to stop the killing fields. david: particular letter with the most vulnerable of our

citizens. >> exactly. david: i think you would agree, the least we can expect from our government is to keep us safe. that is the first and most important thing the government does. also as former prosecutor, you remember the task forces back in the0s and '90s, against the drug gangs that happened? they were very successful, were they not? >> they certainly were in new york and other major cities. david: miami, i remember that. >> exactly. they went in strategically. they were tactical about it. they had some community development funds with them, but to get to the root of this anti-gang piece, you have got to do a comprehensive approach on it because the gangs and relationship with the police is really corrupt relationship there. david: scott, forgive me for interrupting but what we're looking at right now is video of the mayor of portland. we agreed 100% on first part of this. we may not agree on this. ted wheeler, who is the mayor of portland essentially tried to side with the protesters.

i call them, that is a very use loose use of that word. they're extremely violent in portland, oregon. you've seen video. you know what i'm talking about. he himself was jeered by the crowd and sort of had to run away from them. at the end they began to get violent from them. they are saying we are not protesters. this is what they are saying. this is civil war. we're fighters in a civil war. what would you say to them, what should democrats say to that kind of rhetoric. >> both sides need to stand down. david: they're not going to stand down. >> both side, including military force, the feds there to protect the federal buildings, i think they have been as antagonistic, triggered antagonism from the crowds. david: i would disagree strongly with you, scott. they were out to cause trouble. we have to move on. focus on the first part to get

mayor lightfoot to get a task force. >> i would urge her to do so. david: scott, thank you my friend. thank you for being here. u.s.-china tensions rising after a biology researcher accused of lying to the fbi and he is hiding in the chinese consulate in details to come this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. 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.

come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ we've just been finding a wayapps except work.rywhere... why is that? is it because people love filling out forms?

maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a lile they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com

♪. david: the u.s. and china are escalating. secretary of state mike pompeo will be delivering a speech later today on china after news that the fbi believes a researcher who lied to the agency is hiding in the chinese consulate in san francisco. william la jeunesse has the very latest for us. william. reporter: david, she is charged with visa fraud for failing to disclose ties to the chinese military while studying at uc-davis. also the u.s. ordered the closing friday of the houston consulate, both culminate a year

long campaign by the administration to spotlight china and how it allegedly steals commercial and military secrets and targets u.s. energy firms in the south china sea. the fbi claims it open pass new china investigation every 10 hours. so at the houston consulate is the epicenter of that theft. >> we're putting a stop to the stealing of american intellectual property, the stealing of american research, which of course ultimately takes american jobs. >> ththat's been long discussed d that the office here in houston was engaged in inappropriate forms of information gathering and influence operations. reporter: so why now? u.s. officials say china recently accelerated its illegal spying and beijing tried to buy or blackmail more than 50 academics to turn over their research to china. >> this type much economic coercion is not what we expect

from a trusted world leader. it is what we expect from an organized criminal syndicate. reporter: the u.s. is also now charging two chinese hackers with stealing millions of dollars in satellite and wireless technology and trying to obtain the covid vaccine. >> china is providing a safe haven for criminal hackers, who as in this case, are hacking in part for their own personal gain but willing to help the state and called to do so. reporter: china denies stealing and foreign minister says closing the consulate violates the basic norms of governing international relations. what is this naming, shaming, indicting the hackers, mean? history suggests not very much. today as you said secretary pompeo will set out new protocols for chinese relations at nixon library.

david: all this is shocking but it is not surprising when you think of chinese behavior the last couple years. appreciate it. treasury secretary steve mnuchin indicating a payroll tax cut will not, i repeat will not be a part of the gop coronavirus bill. that is causing a lot of dissent between some republican circles. to charlie gasparino what he is hearing and actually what he predicted would happen, right, charlie? >> i didn't predict it. i last thursday and friday on fox business and foxbusiness.com, lydia moynihan, my producer and myself, we wrote a well sourced, sources with direct knowledge of the matter, talking about a battle inside of the white house. i termed it a civil war. bureaucrats have civil wars, generally nothing, there is not a lot of bloodshed but they fight behind the scenes and go to their compatriots in congress and around the country and those two bureaucrats was steve

mnuchin, larry kudlow and chief economist of donald trump they were having a civil war over direction of the stimulus. next day they came out and basically tried to harpoon the story. both of them issued non-denial denials but clearly there is a civil war going on inside of the white house between mnuchin and kudlow over the stimulus package. mnuchin has won and, reason because what we understand president trump, basically wants a quick deal with the democrats. the way you get a quick deal with the democrats. also we should point out, that the majority leader mcconnell want as quick leader as well. it is not to fight over something like a payroll tax cut which will be very hard for -- nancy pelosi and chuck schumer will not agree with it. so you they put up roadblocks. you agree what you can get done, extension of unemployment benefits, maybe some other stuff, 600-dollar checks that wind down over the course of the year.

mnuchin won this thing. i found it fascinating though, david, that people actually did not see through their denials. you know, they were really non-denial denials. they weren't denying there was ditz agreement between the two sides and there was a battle internally over how the president was -- what the president was going to prioritize in this stimulus. they were just denying that the notion of a civil war and kudlow coming out there and, you know, pleading that he loves steve mnuchin. david: always find ways of realizing they need to stick together but just to be specific, charlie, the supply-siders, because i talked to a lot of supply-siders too and what they are saying specifically is that mnuchin is focusing on spending our way out of problem rather than growing our way out of the problem. supply i had sears focus on growth and demand siders focus on spending. go ahead. >> david, that is called a

civil war over policy. they are battling inside of the white house over policy, supply siders led by kudlow and his friends like art laffer and steve moore, all who have, steve forbes, all who have the ear of the president are saying that mnuchin is essentially a keynesian. he, his heart is in spending, not in tax cutting. they are behind the scenes engaging in a battle and now the supply-siders have lost. what we do know they will try to continue to press the president on payroll tax cut going forward. if you don't get it in this round, i don't know how you're going to get it going forward. the last thing nancy pelosi is going to do, if she is not going to do it now, agree to a payroll tax cut, she will not agree to it like right before the election. just not -- so they lost the battle. you know -- david: we'll see what happens. we'll see, see what happens.

again the biggest battle of course is between nancy pelosi and, the biggest battle is between pelosi and the president himself on exactly what the details of this plan, whether it will be a one trillion dollar plan or 3 trillion-dollar plan. we have to move on, charlie. congratulations on getting it right last week. appreciate it. coming up how california surpassed new york in total coronavirus cases becoming the worst-hit state in the nation. that is next every time a fund manager sells a stock it triggers a tax liability for you. and the higher the turnover the more you have to pay in taxes every year. that's why you want to own low turnover funds. the less you pay in fund fees, the less you pay... (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast

with tums smoothies. ♪ tum tum-tum tum tums

with tums smoothies. welcome to camp tonsafun on xfinity! it's summer camp, but in your living room. learn how to draw with a minions expert... how to build an indoor obstacle course! plus... whatever she's doing. ÷ and me, jade catta-preta. the host of e's the soup! camp tonsafun. it's like summer camp, but minus the poison ivy. unless you own poison ivy. in which case, why? just say "summer camp" into your xfinity voice remote to join.

i appreciate what makes each person unique. that's why i like liberty mutual. 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. ♪ ♪. david: new numbers from yelp showing more than half of all restaurants that close temporarily are closing permanently due to coronavirus, but, and we looked into the numb betters, is this really the case? kristina partsinevelos is one who is taking a deeper look at all those numbers. what have you found, kristina? reporter: well we know, no doubt restaurants dealt heavy blow from lockdowns, capacity restrictions as well as reclosures. that is why i'm here in midtown manhtan, to give you one example after restaurant, docks, a oyster bar. they are forced to close, not permanently. this is the case across the city. new figures from yep, like you

mention paint a dire picture for the restaurant industry. this is causing a lot of angst. fox business we delved into the numbers. yelp report says over half of restaurants will close permanently due to the pandemic. that survey only reflects restaurants on the app. roughly 26,000. it is leaving out a big chunk of restaurants all across america t makes for catchy headlines. we received some new data from the national restaurant association and their survey, which reflects850,000 restaurants, not 26,000, their survey says 3% of restaurants permanently closed their doors. no doubt about it, the association acknowledges it could get worse especially if people are apprehensive about dining outside or indoors once they reopen here in new york. there is no doubt about it, the restaurant industry is in a

crisis. the latest numbers show that over 100,000 restaurants have been forced to reclose because of local and state mandates. listen in. >> closing a restaurant it is so capital intensive. you think about buying all the food product. then being told, you're not using it, you need to ramp up again. everything has to be thrown out or given away. that is the challenge, it is so expensive to start a restaurant back up. reporter: it is very, very expensive for a lot of these restaurants to not only start up but keep their business going, especially here in new york city where many of them are operating outside and they're operating at very, very slim margins. it will be a fierce battle to regain profits and regain customers at their locations across the country. back to you. david: my heart goes out to those folks. kristina, thank you very much. appreciate it. california coronavirus cases surging as the state surpasses new york in total confirmed

cases. at the same time the u.s. nears 4 million confirmed cases in total. jonathan serrie with the very latest from atlanta. reporter: hi, david. california's governor says it is not surprising but nonetheless concerning that the nation's most poplous state is now leading in total number of cases. sheriffs deputies have been passing out face masks in los angeles which recorded the highest number of cases in the state. the governor ordered closure of many indoor venues including bars and restaurant dining rooms. >> the shutdowns are unacceptable and they're unacceptable it is taking a sledgehammer to a fly if you will. it creates a toxic environment for the business community to where we're not going to go small businesses. reporter: governor brian kemp is suing atlanta lair keisha lance bottoms over administrative order to suspend indoor dining.

mayor bottoms said she had a good discussion with the governor before her appearance on the tonight show. >> we discussed where we disagree. hopefully we can figure out a way to agree, disagree without it playing out in the court. at the end of the day we want the same thing. we want people to be safe. reporter: mayor bottoms clarifies her guidance as voluntary. both she and governor agree everyone should wear a face mask. the governor doesn't require it by law. >> i don't think georgians need a mandate to simply do the right thing. reporter: at least 30 states have existing or pending requirements to wear masks. back to you. david: jonathan serrie, in atlanta, thank you very much. coming up the next hour we've got a great show planned. john ratzenberger will be joining us. you remember him from "cheers quo. why he is encouraging a growing

push for skilled workers. we'll talk with john and a lot more coming up in the next hour. stay with us ♪ ♪

david: welcome back to "cavuto coast to coast." i'm david asman.

1.4 million more people filing jobless claims last week, meaning a 33% of the u.s. work force has lost a job since mid-march. is the job market cooling just as benefits are about to run out? to career builder ceo, irina novacelski. good to see you. thanks for coming in. the market is spooked, not terribly so, but it is a down day, triple digit down day in the market. are you spooked as well by these numbers? >> the 1.4 million jobless claims is basically what we have seen throughout july. on the employer side, we are actually seeing continued positive momentum. our job site has seen over 47% growth of job postings. the u.s. based on all our data has seen the highest week we've had since the start of covid at 23% growth. even globally, we are growing at 15%. while there's definitely industries that will continue getting affected, we are still

seeing that positive momentum on the employer side of wanting and looking for talent. david: this is fascinating because you read the headlines and you think half of america is shut down again because of these growths in the coronavirus in certain areas of the country, but you're not seeing it. obviously it's a problem and there have been shutdowns as a result of flareups around the country, but it's not -- it doesn't seem like it's affecting our recovery from what we saw earlier, huh? >> travel and hospitality continue to be industries that are active and that will continue to be [ inaudible ] but as part of what we are calling the great rehire, we have seen industries growing and adapting from a business perspective. for example, many are embracing more of that mobile and virtual environment where they are allowing for curbside pickup, drive-through options, e-commerce, we have seen e-commerce have the biggest

growth in two months than they have had in a decade. business models are getting adjusted as well as impact on jobs. for example, the number four highest growing occupation demand right now is for software development. we are seeing a lot of growth in the education sector of looking for planners of curriculum and tutors. we are seeing a lot more move online because of consumer behavior moving towards e-commerce. a lot of companies are adapting their hiring needs as a result. david: americans operating in a free market always find a way out of difficulties as long as that free market is not closed off by too much regulation. we have a president who prides himself on deregulation. there is a flipside to what you were talking about, though, and that is cities. cities are going to have a very tough time coming back, particularly with, you know, you add the violence we have seen recently, the protests and riots and so forth.

they are going -- things like commercial real estate, for example, as people begin to work out of their homes more, is going to have a tough time recovering, right? >> completely. there's two sides to that. on one hand, cities will have a little more trouble, however, they will have to be a little more flexible if you are a city-based company on how you hire. it will have to be skills-based. you will have to pivot. you have to be creative how you will attract that talent. for example, we heard over the last few weeks that there's a lot of supply coming to market around flight attendants. based on our match technology, they are a 95% fit for sales and customer service roles in the top ten demand. on the other hand, like you said, our suburban companies are starting to be able to compete where formerly with cities they couldn't really compete as well with talent and it's becoming a geographic equalizer for our clients. david: same thing happened in

the 1970s. we saw that big rush into the suburbs and it took cities a couple of decades to figure out how to attract people back, mostly, by the way, by lowering taxes which i don't think we are going to see in cities like new york for awhile. great to see you. thank you for being here. appreciate it. senate republicans expected to unveil a new coronavirus relief framework which costs expecting to be about $1 trillion. that's a lot of money but it ain't enough for nancy pelosi, who actually wants $3 trillion is her bill. this as former vice president joe biden is promising to spend trillions more with his build back better plan. former new york republican lieutenant governor betsy mccoy saying biden's plan is disastrous for our suburbs. we will get into that in a second. great to see you. first of all, are you worried as i am that these trillion dollar plans keep piling up one on top of the other, not just by democrats, but also by republicans? >> that's right.

in fact, the white house had a lot of trouble this week corraling republicans to somewhat agree to a more modest spending and when i apply that word modest to $1 trillion, that in itself is incredible. but here's what's key about this coming negotiation between democrats and republicans. republicans want a bill that will incentivize people to go back to work, so one of the biggest differences between the republican and democratic positions is over unemployment benefits. the current package expires july 31st. nancy pelosi wants the new package to still provide $600 a week to unemployed people, more than they earned on their job. whereas the republican package says look, let's not pay people to stay out of work. we're hearing about employers all over the country who can't get people back on the job because they are earning more

collecting unemployment. that's one of the really big issues. the university of chicago found that 68% of people collecting unemployment right now are earning more than they did on their job. we can't allow that to continue or we will be locked down forever, something the democrats would certainly like until after the election. david: however, it is, i don't have tree mio remind you, it is election year and politicians, whether republican or democrat, wants to spend money to get reelected or get elected in the first place. those members of congress on both sides of the aisle, if they are going to compromise at all, it means compromising for more spending, not less. >> that's right. another big issue, though, that i think is key, is over how the money will be spent that's targeted to schools and the republicans want very much that money to be conditioned on the schools physically reopening.

once again, democrats don't want a condition like that. they would like to see the schools lock down as well because people can't go back to work when their kids can't go back to school, all of which they believe will help them in the upcoming election. david: you have a lot of specialties. you do have more than one. you were former lieutenant governor of the great state of new york. as a former lieutenant governor who focused on health issues for the most part, what do you make of governor cuomo taking victory laps for having cut down the coronavirus rate in new york despite the fact that new york has the highest number of deaths from coronavirus pretty much in the world when you consider the metropolitan area of new york by size and after certainly that horrible outbreak of coronavirus in nursing homes that many put the finger on him for providing a plan that exacerbated that

problem. >> well, that's right. that's the big difference between a politician, forgive me, and a truth teller because the fact is not only did new york have the highest number of deaths, but also the highest mortality rate. in other words, people who got the coronavirus in new york, all other things being equal, had a much worse chance of surviving it than if they contracted it in another state and gone to a hospital in another state. a lot of explaining has to be done about that but a lot of it, really the blame belongs to andrew cuomo, things he did long-term -- david: forgive me but he's taking victory laps about it. [ speaking simultaneously ] >> that's right. he shouldn't get away with it because the coronavirus was poorly handled in new york and many of the deaths were preventible. david: betsy mccoy, former lieutenant governor, state of new york, thank you very much.

appreciate it. the race for a vaccine is on, of course, but when we reach the finish line, where can americans go to get it? the white house looking to make it possible for americans to receive the vaccine from their local pharmacy. their doctor's office or their hospital, whichever they choose. edward lawrence has the latest from d.c. hi, edward. reporter: hey, david. yeah, those plans are being made right now to make sure that every american who wants a coronavirus vaccine can get one. this is also predicated on the fact the vaccine will be approved by the fda. we could see that possibly as early as october. a senior administration official tells me they are taking input right now from medical experts plus those in the pharmaceutical supply chain. that official says this. quote, our goal is to ensure that every american has easy access to a vaccine once available. whether it's at the doctor's offices, retail pharmacy, a federal qualified health center, or even a hospital, thousands of outlets will be made so no one has to travel very far to be

vaccinated. i'm told the department of health and human services will likely use traditional pharmaceutical networks to get the vaccine out. the discussions will include the department of defense. the official tells me the military may be called upon to provide a complementary role to the traditional distribution networks, where speed of response distribution to remote sites requires department of defense support. there also may be areas that see a surge in demand for the vaccine. the military could be used there or not needed at all if the current network can handle the demand. the department of health and human services is the agency that will sign off on the final plan but the bottom line is that anyone who wants a vaccine will not have to go far to get one. back to you. david: thank you very much. global coronavirus cases now topping 15 million. this as president trump is touting major progress in therapeutics. listen. >> some of the therapeutics that we already have are really working well. if i had my choice of vaccines or therapeutics, give me

therapeutics every time because i would love to walk in a hospital and give everybody something and they start walking out if two days. that's what i'd like. vaccine is very good longer term but give me therapeutics and we are doing really good work therapeutically. david: to family physician dr. jennifer connell now. jennifer, good to see you. we appreciate you being here. thank you, doctor. to the president's point, we have seen these infections surge in different parts of the country, in florida, texas, elsewhere, but we have also seen in the past month a decrease in what's called the observed case fatality ratio, the mortality rate for short, about a 20% drop which is pretty dramatic. is that because of therapeutics, because even if you get the virus, which is a sorry state, there are better therapeutics to keep you alive? >> well, i think that that decrease is due to a number of things. we do know that cases seem to

have shifted toward younger people. that may be playing a role in that we know that younger people, while susceptible, don't tend to get as ill as other people, though yes, they can get very ill themselves. that may be playing a role into some of the decreased deaths we are seeing. i would also remind us, be cautious because deaths can lag behind other indicators. the story is not entirely written. of course, we hope that lower deaths remain but i say we still need to wait and see. i would also argue, you asked about therapeutics. we are in a different place now in july than we were in april when we started this, and in march, rather, february, march, april. we simply know more. we don't have all the answers, we don't have all the therapeutics we need by far and we don't know everything, but we know more than we did then. david: yes, we do. >> some of that also probably has to do with being able to treat people a bit better than we could before. but overall, the fact that deaths are lower, while that's a good thing, does not make me feel like oh, okay, we're done. david: no, no, no. of course not.

but i don't want to be overly optimistic but focusing on the positive, as you mentioned, we are capable of learning things even if from something as complicated and perplexing as this new virus, and the treatment, for example, the protocols of treatment, we remember that there used to be tremendous cause for ventilators, use of ventilators and intubations until we discovered that maybe in many of the cases, that was actually accelerating death rather than preventing it. >> well, once again, this is something we are still learning about every day. every situation, every patient, is different. but we have learned things and that is the good thing. what we need, though, is we do need more therapeutics, more clinical trials, more data about medications that can be used, but we also do need a vaccine. i actually consider them equally as important in this landscape where we really have nothing -- nothing truly, truly, truly definitive. so just as much as we are working on therapeutics and learning more about that, we do

need this vaccine and i'm glad to see that we are working at sort of top speed to try to get vaccine candidates to trials and to get something on the market as soon as it's possible. david: the president was ridiculed for saying a couple weeks ago that we would get one by the end of the year but it looks right now like we actually may, no? >> i'm not sure that it's going to happen by the end of the year and i'm not sure i have heard many other physicians say they think the end of the year, it will happen. look, i think at least the estimates i've heard is maybe 2021, into next year. we know some vaccine dantcandid are entering into phase 3 trials right now, this month. that is a good sign. the point being, you know, we are cautiously optimistic we will get something. the idea is the sooner, the better, as long as it works, is fda approved, has gone through the proper trials and protocols. the other side to that is making sure people can get the vaccine. as you mentioned, it seems like there's work done to try to make sure everyone can get that without problems. i hope everyone will take it

when it does come out. david: i'm old enough to remember the polio vaccine and how everybody rushed to get one of those. i'm hoping, i'm praying that it will be the same this time with the vaccine for coronavirus. doctor, thank you very much for being here. we appreciate it. coming up, tesla heading to texas. details on why the company is looking at the lone star state for its new giga factory. that's next. save hundreds on your wireless bill

without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you only have to pay for the data you need, starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. 5g is now included with all new data options. switch and save hundreds. xfinity mobile.

david: take a look at this. lady liberty standing strong against a powerful storm. a video posted to social media capturing the exact moment when a lightning bolt struck near the statue of liberty. this massive thunderstorm hit the new york city area. we need the rain. that wasn't all a bad thing. lightning striking in texas in the form of tesla. the company announcing plans to build a new giga factory in austin, texas. this after the company reported its fourth straight quarter of profits. to fox business's lauren simonetti and quill intelligence c.o.o. and chief strategist danielle dimartino booth. good to see you both, ladies.

thanks for being here. first, the stock is down, now down over 2%, but earlier in the morning it was up significantly and investors just can't seem to get enough of it. >> well, i mean, the stock's up, what, 280% this year, 500% in the past 12 months. how greedy can we be. investors can't get enough of it because it's buzzy and has a buzzy ceo and it's exciting and futuristic. they do not sell a lot of cars, maybe 500,000 this year. toyota sells 10 million cars a year. it's about the fact that this is alternative energy, it is a green company. david: well, the question is whether it's worth as much as it is. market cap, danielle, right now, is more than ten times what ford motor company, ford motor company has so many vehicles on the assembly line but is tesla really worth more than ten times what ford is? >> i would just liken back to

the days of worldcom in 1999. every single bubble, every single mania in the stock market has to have its poster child and that is what tesla is. it is remarkable technology that they are definitely ground breakers. they've got that first mover advantage as well. but other companies are moving into these spaces and i think it's simply emblematic of truly a cult following in the fact that you can slice and dice up one share of stock these days and buy it in bits and pieces so it really has attracted a much wider base than it could have otherwise. on top of it already being up what lauren just said over 300%. david: on the other hand, lauren, you try to tell anybody in texas that it's not a growing company, that will continue to grow, they are very happy with it right now. it's very interesting, when you look at what elon musk said a couple weeks ago about california, really criticizing them saying i'm going to think

twice about building another factory there because it is the most unfriendly business -- unfriendly state for businesses probably in all of america, and he followed through with it, and california's loss is texas's gain. >> yeah. texas is the exact opposite of california when it comes to extending an open hand to business. come here, we'll help you, and they are. 5,000 jobs that pay an average of $50,000 each. a $1.1 billion investment if tesla lives up to that, texas will give them very nice rebates, tax rebates, property taxes. the rebate could be between 70% and 80% depending on the size of the investment. this is favorable for both of them. and what blew my mind, this is how it's a futuristic company, when elon musk was talking about this factory right outside of austin, he called it an ecological paradise with birds in the trees and fish in the streams and i don't think any automaker talks like that. david: right. right.

danielle, he really wagged his finger at california and he could have been wagging it at new york or illinois or a lot of other states that have very high taxes and high regulations. it was a no-brainer for elon musk to move out of california into texas. do you think californians will get the message? >> you know, i don't know, because this is a huge repeat. remember what lauren said, toyota sells ten million cars. we have to remember it was just a few years ago that toyota left california, where it had been since 1960, and moved to texas. i live in texas. texas has been a tremendous draw. we have no state income tax, it costs 60% more per household to live in the state of california and it costs 5% for anything else you could think of to live in california. so the economic benefits of coming to the great state of texas, i will toot my own star state's horn, are fantastic and if california doesn't have the message by now, i'm not sure

what it's going to take. david: well, bankruptcy, frankly. i think that's what it's going to take. when revenues dry up, when all of their tax base moves to texas, and other places. they are going to have to do something because they can't print their own money, unlike the federal government. ladies, thank you very much. good to see you both. i appreciate it. a growing shortage of skilled workers amid the pandemic. actor john ratzenburger reacts after the break. just over a year ago, i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights to getting my money right. so thank you. ♪

there's an art to listening. it's the ability to hear more than what's being said. to understand the meaning in every pause. and to be able to offer the answers that make someone feel truly heard. i understand, let's get started. that's what you get when you talk to a dell technologies advisor. fund taxes matter too. every time a fund manager sells a stock it triggers a tax liability for you. and the higher the turnover the more you have to pay in taxes every year. and here's the worst part, because of high turnover,

you actually might have to pay taxes even if the fund itself loses money. that's why you want to own low turnover funds whenever possible. the less you pay in fund fees, the less you pay in taxes, the more wealth you can accumulate...

david: the most boring name in the history of sports. we will tell you that espn is reporting that effective immediately, washington, d.c.'s nfl franchise is going to be calling itself quote, the washington football team. pending adoption of a new name. okay, they will get a new name eventually. for the moment it's the washington football team. they were of course known as the

redskins. baseball, meanwhile, is back. the washington nationals and new york yankees kicking things off tonight as the 60-game season gets under way. hillary vaughn is at nationals park with the very latest. hi, hillary. reporter: hey, david. well, for the first time ever on opening day in baseball history, anyone on the team that is not on the field will be sitting in the stands instead of packed in the dugout or the bull pen. but that's not the only big difference that fans are going to notice today when the yankees square off against the reigning world champs, the washington nationals. there will also be masks required for those players that are in the dugout or the bull pen. there will be no hugs, no high fives, no fist bumps to celebrate a good play and if a ball is touched by multiple players, they will replace it. there also won't be any fans in the stands which could be a billion dollar loss for major league baseball. last year, about half of their $10.5 billion revenue came in from stadium sales.

that includes tickets, parking sales, suite sales, and concessions. that also means that today, concession stands are feeling the loss, too. ben's chili bowl, a d.c. institution, have been here in nats park ever since they opened. they say this stand was one of the biggest money makers for them with long lines of people waiting to get their chili dog but that won't be happening today. >> the stadium would be packed, standing room only. the stands would be busy but they're closed. >> there's usually a line to get into ben's chili bowl stand and we will certainly miss that today. reporter: today, fans do have a way, though, to cheer on their team from home. mlb has a new feature on their website that will let fans click and icon that sends cheers or collap claps or boos to crowd noise operators inside the ballpark, and they will play out that sound as the game is in progress. fox sports, though, is doing

something that's never been seen before or done before in baseball. packing the stands with virtual fans. the digitized fans will act just like normal human fans. they will cheer and boo. they will even do the wave to get fans at home a better viewing experience. that virtual audience will make its mlb debut on saturday for the very first time. make sure that you tune in for exclusive coverage of mlb games on saturday on fox sports. david? david: twilight zone coming to life. that's what it is. hillary, thank you very much. appreciate it. good to have baseball back. great to have it back, as a matter of fact. coronavirus leading to a change in college choice. many students are now forgoing getting a degree amid a growing push for skilled workers. actor, director and producer john ratzenberger has been highlighting the need for this for years and he joins us now. john, you wait long enough and you could be right with saying anything, but you have been pointing this out for a long

time, that what this country really needs more of are skilled workers, and we are finding that out by necessity right now. >> right. yeah. i notice the deficit was 20 years ago now that i noticed big trouble because they canceled shop classes. now i'm thinking they canceled shop classes as a political move because if you take skills away from people, don't allow them to have skills, then they have to depend on the government. but if you give them skills, they can take care of themselves. david: great point. >> so it may have been that. for a long time now, we haven't been generating or encouraging young people to open a toolbox and learn what's inside. david: frankly, you think of the value of opening a toolbox and of doing stuff in which you create a building or create something that didn't exist

before as opposed to frankly, some of the degrees that you get in college, things that don't really amount to that much. i think people were just weighing the options and realizing that we were focusing on a schooling that wasn't really providing america with anything of substance. >> i also think that artisans, people that, you know, electricians, plumbers, carpenters, took them for granted, like somehow they are just going to appear like cherries on a tree. that doesn't happen that way. also, the other villain is electronics. children, instead of playing out in the yard and learning common sense, don't climb on the dead branch, that's gone now, too. common since only comes from doing something with your hands.

it doesn't come from a screen, doesn't come from a book. you have to go out and apply yourself, be tactile. that's what common sense comes from. now we have political correctness canceling out common sense and we're diving headlong into 1984, it seems like. david: it does. up until, i would say, the coronavirus, when we realized the importance of essential workers. these are the people that keep the machines running, these are the people that build things, these are the people that you've been championing your whole life and we're realizing that essential workers really are blue collar workers. right? >> yeah. a long time ago, i pos ited the theory let's not use the term blue collar workers anymore. let's use the term essential workers. that was about ten years ago i started talking about that. because that's what they are. that's who we are.

i was a carpenter, like we talked about before. you know, helping build stages a at woodstock, that kind of thing. i built homes, this and that, but i got into acting, toured europe and this and that and came back and i realized that something was different, especially in the young men. there's something missing where they couldn't change their own car tire which i found shocking. david: absolutely. the president i think would agree with you. president trump. he says that the pandemic and i'm quoting him now, proves that america must be a manufacturing nation. he seems to get it. >> he's the only one that got it. i approached the two administrations before his and he jumped all over it. as a matter of fact, i'm on his task force for apprenticeship expansion. it's not because of anything i

did. he did this himself because he was a builder. he built things. he understands you need somebody that can lay bricks, you need somebody that can operate a cement mixer. you need somebody that can fix the cement mixer. you need somebody that can fix the truck that pulls the cement mixer. that's the important elements in our society and they're disappearing. david: there is a bottom line here, too, about the appeal of essential workers, as you would call them, that they tend to get paid more money. if you are a valuable plumber, valuable electrician, valuable bricklayer, you can get paid more than people who have a degree in english literature, right? >> absolutely. also, you leave your work at work. david: that's a great point. >> you know? you don't let your work interrupt your sleep because you know it's going to be there tomorrow where you left it. david: john, you have been

extraordinarily prescient in your views in the past and keep them coming. you are our oracle into the future of employment in america. john ratzenberger, thank you very much for being here. >> thanks. can i add another thing? david: sure, go ahead. >> it makes you a better grandparent, too, because i build things for my grandkids and they think i'm a magician when i present them with a little rocking chair their size, you know. something they can play with. i mean, that's magic. david: you know, john, as my grandfather was a carpenter, said it ain't a coincidence jesus was a carpenter as well. >> you learn a lot of common sense. that's for sure. david: great to see you. got to leave it at that. thank you for being here. appreciate it. come back soon. >> all right, my friend. thank you. david: the dow is at session low right now. but we are seeing a ton of green shares of the company hitting an

all-time high for the third day in a row. more details on what is happening at home depot and other stocks coming right up. my name is janelle hendrickson, and i'm an area manager here at amazon. when you walk into an amazon fulfillment center, it's like walking into the chocolate factory and you won a golden ticket. it's an amazing feeling. my three-year-old, when we get a box delivered, he gets excited. he screams, "mommy's work!" when the pandemic started, we started shipping out all the safety stuff that would keep the associates safe to all the other amazons. all of these are face masks, we've sent well over 10 million gloves. and this may look like a bottle of vodka. when we first got these, we were like whoa! [laughing] with this pandemic, safety is even more important because they're going home to babies, they're going home to grandparents.

so, our responsibility is to make sure that they go home safe every single day. now every bath fitter bathbath fis installed quickly, so, our responsibility is to make 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, installed by one expert technician, all in one day.

we've been creating moments like these for 35 years, and we're here to help you get started. book your free virtual or in-home design consultation today. about medicare and 65, ysupplemental insurance. medicare is great, but it doesn't cover everything - only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: to help pay for some of what medicare doesn't. learn how an aarp medicare supplement insurance plan, insured by united healthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call today to request yours. so what makes an aarp medicare supplement plan unique? well, these are the only medicare supplement plans endorsed by aarp and that's because they meet aarp's high standards of quality and service. you're also getting the great features that any medicare supplement plan provides.

for example, with any medicare supplement plan you may choose any doctor or hospital that accepts medicare patients. you can even visit a specialist. with this type of plan, there are no networks or referrals needed. also, a medicare supplement plan goes with you when you travel anywhere in the u.s. a free decision guide will provide a breakdown of aarp medicare supplement plans, and help you determine the plan that works best for your needs and budget. call today to request yours. let's recap. there are 3 key things you should keep in mind. one: if you're turning 65, you may be eligible for medicare - but it only covers about 80% of your medicare part b costs. a medicare supplement plan may help pay for some of the rest. 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. david: more people are driving their own cars to work, meaning a need for more parking spaces. introducing automated parking garages now. brett larson has the details on this. brett? reporter: hey, david. yes, the robots are taking over. auto motion parking systems has just over a half dozen automated garages around the country and they have plans to expand. the system first uses lasers and cameras to measure the cars. then a series of lifts and shuttles moves the vehicles around on steel plates. >> we have utilized this system and this technology in real estate development projects we have been involved in in order to gain back retail space, fit

more cars into a small amount of space, and make a more valuable parking component that eliminates labor which is approximately 50% of operating expenses. reporter: not only does it save space and money, it saves time and exposure. so as more americans decide to drive, they will have a place to park and do it contact-free. >> the business model touches on two points which is really, you know, how developers are able to maximize space and you know, design with thoughtful parking operation. reporter: for garage owners and ultimately the customers, that adds up to saving money. >> you see anywhere from 60,000 to 150,000 a year spent on damage claims. so you know, you don't just eliminate labor. you eliminate the damage claims. reporter: when you pick up your car, no need to back out of the garage. the cars are returned to drivers ready to go. >> it's really just up and down, back and forth and the 180 degree turn that happens on a no

reporter: what's interesting to note here, automated parking garages are about a $3.6 billion global industry. of course, we expect as the coronavirus pandemic continues along this path, that number is likely to go up. a very cool-looking thing. reminds me of all the electronic gadgetry i see at the consumer electronics show. david: very kind of them to lend your green lamborghini as an experiment of how this whole thing worked. great stuff. reporter: absolutely. david: good to see you. joe biden and president trump in a near tie in texas. we take a look at the latest read on the 2020 race in the lone star state, right after a short break. ta-da! did you know liberty mutual customizes your car insurance so you only pay for what you need? i should get a quote. only pay for what you need.

♪ liberty. liberty. liberty. liberty. ♪ and the clock could be ticking towards bad breath, receding gums and possibly tooth loss. help turn back the clock on gingivitis with parodontax. leave bleeding gums behind. parodontax.

but what if you could stdo better than that?k. leave bleeding gums behind. like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today.

david: the dow is pretty near session lows. it was actually a little worse than what it is now. but look at the nasdaq. that is down twice as much percentage-wise as the dow jones industrial average. apple taking a hit about a consumer probe that's going on there from attorney generals in various states, and of course, other problems. even bringing down tesla, which seemed unbeatable. we will keep you updated. again, near session lows right

now on both the dow, and particularly on the nasdaq. now to the nation's capital where stimulus talks are hitting a speed bump. republican law makers remain divided as the white house and senate republicans look to unveil a framework for stimulus. to blake burman at the white house with the very latest. hi, blake. reporter: good to see you. for months now, weeks if not into months, president trump has been saying he wants a payroll tax cut as part of a phase 4 relief package. however, now we know a payroll tax cut will not be a part of that package. the white house's top negotiator, treasury secretary steve mnuchin, saying this morning they are going to be moving on. >> the president's priority for the moment is to get money into americans quickly and one of the problems with the payroll tax cut is it takes time. reporter: will there be a payroll tax cut in the bill? >> not in this but we're going to come back again. there may be a cares 5.0. the president again is focused

on money and american workers, in american pockets right now. reporter: the white house is blaming democrats. the president in fact tweeted a little while ago quote, the democrats have stated strongly that they won't approve a payroll tax cut. too bad. it would be great for workers. the republicans therefore did not want to ask for it. however, david, there were as many as ten senate republicans, we are told, who opposed that very measure. democrats today are making the case that republicans are in a bind, that after weeks of saying they were waiting for this moment to talk about phase 4, now that they are here, they can't come together as a party to try to figure out what relief measures they want. >> they needed a pause. well, they still are not prepared. they didn't use the pause to prepare. what we have seen so far falls very short of the challenge that we face. reporter: should note back over here at the white house,

treasury secretary steve mnuchin first, he also added today that republicans, they want to cap that unemployment insurance benefit at 70% of what a person earned. the white house says that would incentivize people to return to work so there are lots of facets involved with the negotiations but we should underscore at this point, david, it is simply the white house negotiating with republicans, republican white house, republican senate, they haven't even gotten to the part yet of bringing democrats into the mix. it just goes to show you how tough these negotiations could be going forward. we should also note real quick that president trump today did speak with russia's vladimir putin. the readout from the white house says part of that phone call talked about arms control, wanting to ensure that they could avoid an expensive three-way arms race, as the white house put it, between china, russia and the u.s. david? david: lot going on. thank you very much. joe biden making headway in texas, where polls now show he and president trump in a virtual dead heat.

this as the coronavirus claimed a record one-day death toll in the lone star state. to democrat pollster doug schoen who follows these things more closely, with more acumen than anybody in the world. great to see you from your perch in florida, i take it. >> absolutely. david: let's talk about texas specifically. i say it's because of the flareup of covid that biden is gaining more right now. is that the cause? >> oh, i think that's absolutely the cause. i have looked at the polls from texas, as your kind introduction suggested, and the president has dropped in his ratings on handling coronavirus and with that, his vote total has dropped and he's lost republicans and republican-leaning independents as well. david: what about the violence and chaos we see in cities across the country, in portland, seattle, chicago, maybe not coincidentally, in democratic stroholds? is that going to work in the

president's favor? >> you know, it hasn't yet, but it certainly could, depending on what happens. if we get the degree of violence we have seen in chicago, if portland remains a stalemate, i think over time it probably does play to the president's advantage, though there certainly is a concern that i have and i think many have of overreaching and overreaction by the federal authorities. david: but there's also overreaching by democrats who may go too far in rejecting help from the federal government. we had this operation legend being unveiled yesterday in the white house by attorney general barr, and there are a lot of or some cooperation, like the task forces that we used to have back in the '80s and '90s between the federal government and local police, that sort of thing. i think of the mayor of chicago

who has been very much against any kind of federal involvement, she's beginning to change her tune on that a little bit, no? >> sure. well, i think you are absolutely right, there does need to be cooperation by local authorities. there can't be capitulation by local authorities. how that balance is struck is going to determine i think the success of the effort but also the political impact and certainly it's the case, the far left of the democratic party, the squad and aoc, with their defund the police movement and their support for these protests, that hurts the democrats, not helps them. david: finally, doug, you know, that same group that you're talking about, the squad and others in the far left of the democratic party, they have a very anti-business vocabulary. i mean, of course, famously, aoc's keeping amazon out of new york. we just had tesla announcing that it was going to open a

factory in texas, not in california, as they said previously because of california's anti-business sentiment. when is that going to change? are we going to see anything in the democratic platform in november that is genuinely pro-business? >> david, i fear not. i worry that the democratic platform is going to go too far left and i think one of the opportunities for the trump administration certainly on issues like climate change, where aoc heads the biden task force, we have already seen very very expansive spending, punitive penalties for business if there be abuses or violations of their proposals, so i worry that my party is moving too far left and candidly, that's another opportunity for the president and his supporters to exploit and i expect they will do that. david: doug schoen, a man who's

shoulders are very broad because he has to hold up the entire middle of the democratic party. >> i try. it's a lonely effort. david: good to see you. thank you for being he. appreciate it. stocks extending their decline. we will have more on that right after this. what i'm worried about is that if you're not expecting the shock, and the markets fall dramatically, you might panic. and in the midst of that panic, . . i'm worried about you. i'm worried about how you will personally respond to this crisis. and even if you don't panic, you may... ♪ wind ♪ blows through my hair ♪ don't care ♪ if people see my dancing in my car ♪

♪ i can't complain ♪ it's still a beautiful day ♪ because i ♪ got love got love ♪ got love got love ♪ it's beautiful day but what if you could stdo better than that? like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, /7 support and flexible solutions that work wherever you are. call or go online today.

david: wells fargo having trouble again. customers accusing bank pausing mortgage payments without their

permission. their accounts were deactivated. she couldn't make payments on loans. farmers claim they have been forced into forbearance plans by wells fargo. the markets are down significantly. charles payne, we need the cp effect, charles. charles: i will work my magic, david. don't give up hoe, my friend earns i never. charles: the cp effect starts now this is "making money." we're not. major indices are drifting lower all day. part of this is due to a blip in the jobless claims. we saw increase for the first time in four months. things continue to evolve. we have the names and industries should be in your portfolio. plus what are the greatest risks to this market right now? one is congress, right? they can't seem to get it together to do more to help americans, especially small businesses but gop senator kevin cramer h