tv Cavuto Coast to Coast FOX Business July 31, 2020 12:00pm-2:01pm EDT
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celebrating free walk today. thank national avocado today. the markets are showing the downside move for the day, up 150. we are up 48 on the nasdaq component but this whole down wall street is dominated by big tech. going straight up. neil cavuto, it is yours. take it away. neil: thank you very, very much. we will follow up on national avocado day, i had no idea, now that i do, i'm not a fan of avocado but those of you who you are, how matter. they never have national coffee day but i'll let it go. we have about 157-point with the dow, stu has been telling you here, technology is not single-handedly going to save the day, a lot of the tech stocks that reported earnings yesterday are surging just nicely but they can't save this puppy on themselves, were following that and were also
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focusing what's going on in washington, d.c., we are after all "coast to coast", we're going to hear from the president meeting with the national association of police organization, group that is endorsing him for reelection this go around, were also following a number of developments in florida with the hurricane moving in on the florida coast, governor desantis says this is going to be an issue for the state well into next week, we are monitoring those developments as it approaches the category two storm and were monitoring as well what is happening in silicon valley, big tech getting bigger, not only in stocks but any time to rain these guys in, google is a big exception to the run-up, it's stock not doing as well even the revenue is strong and the fact of the matter is, there was a notion that it is not enjoying the ride that the others are. again, if you look at that the
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rich and wealth for not only themselves and their own investors, they have been the really only big game in town so you want to rain this and at this particular time that might extend to the administration itself. they are leading this parade that is so crucial to a lot of 401k plans, investment plans and you might be careful what you wish for, were following that as well, busy two hours coming up, i want to begin with edward lawrence on the meeting the president is having with the law enforcement officials, we will take up other things like the coronavirus and funding and all of that, edward lawrence in washington with more on that. >> a lot going on in washington, d.c., the president solidifying his endorsement with the national association of police association, that is going on, the white house chief of staff mark maddow saying there's no closer to an agreement with the stimulus package going forward and in fact he says they're going in the wrong direction. listen. >> we have made no less than
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four different offers to democrats on capitol hill on how we can make sure that the enhance unemployment that is set to expire today, along with eviction protection that is set to expire as well is protected, those four different offers have been actually rejected but more importantly than that, they've not even been countered with a proposal. >> meadows animated as he accused democrats play politics when americans are most in need. even they have a one week expection with the unappointed benefit, that was rejected. nancy pelosi says are not bickering, the having major policy did enter differences that cannot be bridged right n now. >> first of all they don't even have the vote in the senate, let's get real about who says
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what. we passed the bill ten weeks ago. >> the two sides will be talking over the phone to see if they can iron things out. as this is happening, the president has included this letter in boxes of food to families, this letter says, part of it says we have delivered 50 million farmers to families food boxes to american families and we will continue to serve those most in need during this challenging time. it also stresses that people should have guidelines including social distancing and wear masks. if this was not enough, the president live tweeting the capitol hill hearing with anthony fauci, the then telling representative clyburn that the chart he put about one point to more cases in the u.s. and around the world because we do more testing here in the u.s. very contentious with democrats in no closer to a deal to help americans. back to you.
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neil: what would be the timeline to get a deal done, given the various vacations in timeout, if they were to miraculously get something together, days are an issue here. >> exactly, it can be done by a numinous consent, they could have a bill that everybody agrees upon, that's not going to happen, were telling you about piecemeal and there could be a unanimous consent, senator mitt romney has put in a bill that is trying to get unanimous consent, it would basically extend unemployment benefits which both sides seem to want but it would lower it, next month would be $500 extra from the federal government and 400 and tapers off. but the democrats have blocked this believing mark meadows, the chief of staff believe they hold the card and foresee administration going into more in the heroes act which would be more of a democratic and more progressive bill and the republicans tried to come at it
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saying were going to help with the evictions and help with that employment insurance and help get people jobs and that's what they like to focus this bill on. it would take weeks to get a bill from where we are at this point. neil: incredible, edward lawrence, great reporting. i want to go to tom, let's clear politics, cofounder. who is winning in this back-and-forth? >> i don't know, both sides, this is divided government and the ultra dysfunctional washington, d.c. and folks in america are fed up with it. i'm not sure that one side is necessarily winning or losing, at least we have not seen any polling data indicating that one side has the upper hand in this debate. all we know, were still in a crisis mode in terms of economic destruction taking place and we saw the numbers earlier this week so folks are looking to
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washington to deliver results but they're civilly not coming. neil: i understand where the republicans spanned on the unappointed benefits on the federal level, they will just disinfect advice people to get more work et cetera. but the recovery is working against him right now and states that are going back to restrictions after a plan reopening, i'm wondering how that's playing out among this republicans. >> obviously mitch mcconnell has his hands full in the senate with a deficit hawks he wants to see with the spending reduce and feel like we've already exploded the deficit trying to fix the problem. and obviously those are two things that we still need to be issuing unappointed benefits and keeping them out of certain level. i'm sure you've talked to folks
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and i have two, business owners that are from large to small that actually say it is a real problem, they're having trouble rehiring people and they can't -- some businesses are not able to rehire people fast enough because the benefits are too generous and so that is a concern that republicans are trying to address, the politics are definitely sticking. neil: just to be clear, mitt romney plan that seems to bridge the gap in other words maintain the federal jobs benefit and maybe bring it down to $500 a week with 30 days, that will bring it to $400 a week, that's the gist of it, that has not been entirely dismissed by democrats such as the mcsally plan where were choosing to extend the $600 thing for one more week while they hash this out, could that mean the middle ground?
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>> it is possible nancy pelosi seems uninterested uncompromising on any way shape or form. she does think that she is a political upper hand. maybe she does, we will find out over time. but it doesn't seemed like there's any compromise in the opting even something a proposal that romney has put together which could get some republican support in the senate and even in the house. neil: thank you very, very much. tom following all these developments. another bit of news created when donald trump first kicked around the idea of a tweet of delaying the election over voter fraud issues that have come up or could come up, again this at the same time, hong kong is in fact delaying its council elections which are they big deal if you will. for at least another year, we pounced on that, because were just suspecting that china might be playing a role to dodge anything about improving or dealing with the protest
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movement in a constructive way, when in fact this really got to be a big, big issue on the delay itself over the pandemic. so i want to raise the pandemic as an issue that could do just that, maybe delay the election. in the center for technology and innovation director. i will focus on technology news with you andrea just a second period but gary, this notion of a possible delay in the election, this time over the pandemic. we already know that it's delaying school years and the fall season at all levels, so what do you think of that and whether hong kong is signaling that this could be the way of the world pretty soon. >> i've seen a lot of people on both parties say no thank you we will have the elections, we have the elections during the civil war, world war ii, i'm in
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florida so i do remember salt gore and bush and we got to that battle. so i have a suspicion, maybe they will be yelling and screaming become november 3 we will have the election but leave no doubt, i'm not so sure we will know who wins that based on how this thing is going especially with the pandemic sticking around for the next 100 days. neil: i'm glad you mentioned the historical example, he did in fact have an election in 1864, but i am curious as to whether with hong kong is signaling is as crazy as people say, you could cynically look at that and say they are trying to put the thumb down on anything that would deflect democratic momentum. but the pandemic itself has delayed school season it has delayed the business reopening and state reopening, even here,
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you could make a crazy case that it could do the same here, what if that happens, the markets, regardless if they like donald trump or joe biden, i imagine they would go nuts. >> neil, it's 2020, anything is possible based on what we have seen already, i don't think the markets will be thrilled with that, markets also look into the psyche of the country and i think there were democracy does matter and if we start moving off the election, i would be worried about the markets and you're right, a lot of things have been stopped dead in its tracks, we here in central florida while things have opened up, still not open up in a very big way capacity for the theme parks, i get it but i'm in the camp that despite the noise that were hearing right now, i'm pretty sure november 3 will have an election and i be very surprised if otherwise.
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neil: andrea, i'm sorry i did not mean to ignore you, i want to get back to technology and what you see. certainly having with some of the biggest players, amazon and apple and facebook, alphabet not going along with the right so far but it's an interesting position for all of these companies with the ceos pinyon is, little more than 24 hours earlier when we got the news of all of them doing these bop up numbers, do you think that the move to rein them in, really on both parties is going to have an impact here? >> that's a good question, the immediate context is this is the pandemic economy, we don't know how long these lockdowns will continue, we don't know what the economic situation is going to look like, we do know technology is an essential tool for number
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of americans who are still able to work from home, even those who can't you might not feel safe going on to local store or perhaps your local store has even closed, you can noise go to amazon. we saw strong quarterly numbers, investors don't know what the future will look like long-term but text seems like a good bet. it's not surprising to see those numbers, the question about antitrust, that is still very up in the air, the fact is these companies are controversial, conservatives that are represented by republicans, they have a lot of problems of their companies, if you notice the republicans did not talk too much about antitrust per se, they focused on other political concerns of theirs. the bigger threat to the u.s. economy, not just the tech company, is the movement to overhaul antitrust together to do away with the consumer welfare and to really empower judges to effectuate all social changes that might include income inequality, environmentalism, redistribution, these are real conversations that are happening and are happening on the democratic side of the aisle and
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i don't see much effective countering unfortunately from the other side. neil: when stock rises i see wall street respond, we want to up levels, one debate with amazon, it could go to $4000 for sure, $45 per share. that's when it gets a little giddy, whatever the underlying positive fundamentals of amazon. but do you think things have gotten a little too frothy for some of these names? >> i think you're seeing that crossed markets generally, we are in unprecedented situation, there is no doubt the tech companies and leading american companies provide great value, people don't know where to park their money and their backing strong, it's hard to say which way it's going to go. neil: gary, when you think about it for the amazon and apples, maybe lester facebook, is that
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their proven winners, their proven winners during the whole shutdown and they make a good case model that the future about how we go about things the technology so the good long-term bets, they might have wild rides but they are good long-term bets, do you agree with that? >> yes, amazon had a 40% sales growth and were talking about a company that has over 300 billion sales, that is a miracle. apple had double digit sales growth, these are companies that are doing something right, they created their own big gigantic economy and ecosystem where people just stick with them and by the way it goes up for facebook and google a little less so even though google stocks got hit today, i remember when i was a kid i would had an encyclopedia and i can google things and learning how to do
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brain surgery. i think the upper half, these things are the real deal, there is profit the market in other areas but these companies are just category killers and they just continue to do great things. they were on the other date and they're back in the office today doing their job. neil: frankly, andrea and i are too young to remember this made but we can appreciate it just the same. , i think andrea is only one that is. thank you all, we are monitoring these developments in the fact that most of us, facebook and alphabet down right now and were monitoring alphabet down the president meeting with a group that typically endorses democrats but this time around it is endorsing him, the national association of police organization and meetings with the president at the white house, the president is expected to talk about that in other developments including the
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stimulus measures of coronavirus and what he meant by an election delay as he still kicking that around because republicans have said stop kicking around. ♪ how they gonna pay for this? they will, but with accident forgiveness allstate won't raise your rates just because of an accident. cut! is that good? no you were talking about allstate and... i just... when i... accident forgiveness from allstate. click or call for a quote today. in a highly-connected lexus vehicle at the golden opportunity sales event. lease the 2020 es 350 for $359 a month
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president meeting with the national association of police organization but among things he's been saying that federal officers will respond with very strong offensive force if needed after the portland protests continue. he is talking about agents, federal agents and the like, some say their outright troops, others say their guardsmen or what have you. we could argue over this and amex. but it's an important role that law enforcement must play to quell these demonstrations in the case of portland that have gone for the better of 64 straight nights. howard is here the former nypd commissioner, one of the best the city has ever had, that's my personal opinion. howard is always good to have you. the president is saying, if you mayors in these cities like portland, like seattle, won't get a handle on this sort of stuff, i will. first of all, can he do that? >> he can do it, the
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constitution certainly does not prevent him from protecting the citizens of the united states, it's right in the constitution. these progressive mayors are not going to let their police departments do their duty and protect citizens, he can send in federal agents to do it. the first premise ascending it is to protect federal product under property and that's legit use of their skills. i think it is great today he's getting endorsed by the rank-and-file organization of police officers who are 800,000 police officers in this country and when you think about it with their families, parents, grand parents, children, that's a big voting block and i'm really happy to see that happen. neil: howard, the portland mayor, i don't want to get the words out of context, have been saying, whatever you want to call them, they actually increase the disarray and the
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violence, they actually trigger it. but to my memory, some of those agents have only come in the last week - 2 weeks. as i said, this is been going on for a couple of months now. is that a fair wrap against those authorities coming in? >> absolutely not. the mayor is just spewing rhetoric. i was chief of operation at the u.s. marshal service before i was commissioner and i tell you the special operation group that is in their, well-trained, to de-escalate. and also know how to deal with people that are violent criminal. neil: so this effort to rain and these protests, are you surprised that many months after the tragic floyd death that now they've taken the life of their own, they've grown too much more than just black lives matter but
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almost daily, nightly statements against law and order. they've gotten very much out of control in some cities, not all, but what happened here. >> antifa and black lives matter which really in my opinion don't care about black lives, whether they care about the vast majority of african workers being killed by other african-americans. these are the people who like violence, like anarchy, it's not the majority of either african-americans were white americans. these are people who are talking and fortunately the mainstream media is pushing and pushing that this is happening all over the country and it is really not. neil: we will watch it closely, howard, were eyeing the white house, the president is talking to the organization heads in the rank-and-file. howard is talking about the fact that he will remain vigilant to
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police, the violence that is going on in so many cities particularly in portland. we also monitoring developments that can be big news this weekend, i'm not talking about very stimulus efforts that seem to be going nowhere but a plan, ocean landing in return for those two states that astronauts after two months of the space station that could be brought on for other reasons like a hurricane. more after this. ♪ i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn
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came to a fully populated space station. it's really nice appear, once a week we get a private family conference of the video that is pretty nice to be able to share the experience. neil: can you believe they have been in space for two months, the been on the international space station for two months. but this weekend they're scheduled to return bob bacon and doug hurley, the dragon capsule will be returning right now, that's getting a lot of scrutiny. mother nature might screw those plans up, the hurricane is getting a good deal of attention because they're going to be returning along the atlantic and that looks to be in doubt right now the way things stand. clinton joined is now the former nasa astronaut, best-selling author. very good to have you. this is the first water lien be that we would have going back a few decades. are we ready for that?
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>> yes, sir, it's good to be back with you. i think we are ready for that. the fact that we are landing on water is simply a choice that was made as a sign of the dragon. i'm not too worried about that, of course the weather is issue. neil: we always remember maybe because of the space shuttle and everything else. all of those landings at the airport and elsewhere across the country, this will be back to the way it really was before the space shuttle, the differences making sure you can have a pinpoint landing and that often times is the case, not all the time, how do you prepare for that when they might have to say to be out of harm's way we might have to move you a little bit more to the east or little bit more to the south, how do they orchestrate that? >> the driving capsule is pretty sophisticated and the ability to
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change its orbit a little bit using mechanics is not out of the question. they can do what they call phasing so they can try to target more effectively the coast of florida where they want to land, when you're shooting for a runway, it's a little bit more pinpoint so having an ocean at your discretion or at least an area of an ocean is very helpful. neil: when i was thinking of you and in space knowing what you're talking about, were in a big way between man undertakings, only other man mission that is coming up and it's not just us, it is the whole world, china is busy with multiple flights planned for the moon and eventually setting up economy there. and then launching rockets right now, iran, what's going on.
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>> i think it is good for the planet that more people are participating in space. we have learned a lot over the years that the americans have been leading the way i want us to continue to lead the way but it's also helpful and i believe there are a lot of people that think there is a market out there for using space for manufacturing in those sort of things. it is a very exciting time, a lot of people are getting involved in it's going to be really interesting to me over the next ten years to see what actually transpires. neil: as someone who worked hard to get into space and went through a lot of training, and no reflects on richard of sending tours into the space if you have the mulan. that is a quick shortcut to avoid all the stuff that you went through. how do you feel. this is very funny they have me in space right now. that looks like a 42, i think
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that would work. what do you think of that, does that buggy when you see people with no right without any of the training but they have the cash, not that i would, get a seat on a flight? >> some days are better than others for me. i did work very hard to get where i was and do what i achieved, that's going to be another thing i will watch with interest, the cost for that is going to be absorbent for now and only certain people are going to be able to do it, i think, my personal opinion they will need help from guys like me or similar to nurture them when they go into space on these endeavors. the one where they said, i think there's a group that talked about allowing them to do a spacewalk, that gives me a little bit of trepidation because i know what is involved in the dangers that are involved in the spacewalk. so again, it's a new time, it's
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a new paradigm shift. neil: that the general meaning way to put it. if you have to advise folks to get into space, what is the toughest part? i would imagine just the liftoff. >> good question the liftoff is the most tenuous and that the physical experience is the most dynamic. the key will be how their body reacts when they finally do get to microgravity. i'm going to guess many will need a little white bag that they might want to discharge into and i hope they have really good aim. neil: i was just thinking, you have to very good aim. thank you. it's a question in space, take a look at the importance of space program, that's an altar astronaut.
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the overall dow is not shooting for the stars, i put the stories together. a lot of your commenting on this picture in space, was not just a graphic thing that you guys just up, no that is me in space. or after this. ♪ mornings were made for better things than rheumatoid arthritis. when considering another treatment, ask about xeljanz a pill for adults with moderate to severe rheumatoid arthritis when methotrexate has not helped enough. xeljanz can reduce pain, swelling, and further joint damage,
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♪ because i ♪ got love got love ♪ got love got love ♪ it's a beautiful day neil: is it me or is this a busy hurricane season right now. i believe the ninth named hurricane, the earliest time we got to nine hurricanes, they go around, it is getting all the attention. rick on what we are looking at here. >> the ninth named storm, not the ninth hurricane, just to clarify from a meteorologist, a
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little bit of a difference. i really active season, our second hurricane in a week impacting the u.s. which is about to impact the u.s., this is the name of spanish origin, that's how you pronounce it, the center of the storm right now is a category one storm, decreased a little bit in the sustained winds on the advisory down barely at hurricane status, the storm is to continue to pull from the northwest and eventually we will curb along the u.s. coastline which a lot of storms do as they pull off toward the north and because of that we have a lot of landmass that will add titan close interaction from the storm, exactly where and how much, we have to have pretty much everybody watching it because we will know more over time, officially take a look at the track, it is been pretty consistent, we will see this western parts of florida, you will be fine, the eastern shore
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of florida will be the closest impact in the short term, that is over this weekend, that said the worst of the weather of the rain in the wind is on the east side of the storm, the right side of the storm that would put the better side across the coast of florida. and then the north having some sort of impact likely around areas of north carolina, may be making landfall and also having some sort of impact across the ports of the northeast. probably not a significant strong storm at that point but something we will watch very closely. in the meantime, bahamas are going to take a pummeling from this. we had hurricane dorian last summer that caused all of that damage especially across the northern bahamas and we will probably have a category one storm there. very concerned for them and florida, we have tropical storm warnings and affected hurricane watches so we will be watching that very closely. neil: thank you for that clarification. i did also want to answer pronounce on this, isaias is that it. >> yes it looks like isaias
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which is pretty much, isaias. neil: i was calling it isaiah. in return of the spacex astronauts, they're supposed to land east of florida on the atlantic ocean, on sunday. at 2:48 p.m. you can obviously, i would imagine push that eastward for the better part might be to wait a little bit. how do you track the more peaceful waters right now? >> by sunday afternoon, the center of the storm is probably going to be towards north florida moving towards georgia, we will probably be okay and we will probably also be on the better side of that storm, there will be rough seas but i mean, they know what they're doing better than i do but this is definitely not an optimal time for that. i would imagine. neil: i hear you my friend.
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rick, thank you. i learned something from rick every time, down to the name of the stem. we gotta go to steve harrigan. you talk about florida dealing with the storm and now dealing with a big spiking cases, this is not the only state that is getting that. that has leveled out, seven-day average better than it was. that sort of stuff is worrisome. steve with the latest from atlanta. >> that is right, three states setting single day records for the death toll, that does include florida, arizona and mississippi on thursday florida had 253 deaths, in the meantime for states also setting single day records review cases, that is mississippi once again as well as missouri, oat hawaii and ohio. the $600 a week expires today after the senate failed to reach a compromise on yesterday. that is 30 million americans getting the $600 a week and they won't be getting it this week.
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it happens as the gdp has declined 33% in a single quarter, figure without precedent in u.s. history. the good news on the horizon, johnson & johnson has announced its begun testing with humans on vaccine candidates, they begin testing with humans yesterday. this after the potential vaccine had real success with cases of vaccines that the u.s. government has put $450 million in, it's a single shot vaccine, it is promising and it's one of 30 potential vaccines in the human trial phase in phase three could be as early as september if things go well. neil: steve harrigan in atlanta on all of that, when you think about the pros, and i'm talking about professional sports pros, can make statement, why not grant the same to college athletes. apparently there considering just that just after this.
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>> hey, you have a quality stand up, say her name as mba started last night, words of social justice were supported by nba players on their jerseys, the ncaa is doing the same allowing college students to put words of social justice on their jerseys. we saw with nba in orlando florida yesterday evening that it became a platform some social justice, players kneel during the national anthem in front of the black lives matter on the court in a show solidarity, colleges are allowing students to put patches on the front and back of their jerseys as well as their last names for any type of social cause that they believe in that they have the colleges to make that final decision, we reached out to a dozen different conferences, to roback saying they're not going to give us a response but they're working on a plan in the coming days. you do however, have the university of houston basketball
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coach applauding the decision on thursday saying it's important to keep the movement alive and to avoid it becoming a moment. former duke player in espn analyst calling out the ncaa hypocrisy with this tweet, there are so many important social issues with the ncaa allowing players to call for full main image and likeness rights. full economic rights, can players wear amateurism as a sham and their jerseys, yesterday a lot of people notice that nba all-star lebron james, anthony davis opted not to put any words of social justice on the back of their jerseys, they kept their last names instead in those four players, two are some of the highest earners when it comes to endorsements but lebron james said he chose not to do it because the nba did not consult them. social activism taking over sports. back to you. neil: a great report. thank you very much.
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athletes have the right to say and do whatever they want, charles barkley says even even the size of the face of traditional plot right now. >> i'm glad these guys are all unified by the people don't kneel, they're not a bad person. i want to make that perfectly clear. i'm glad to have unity, but when we have a guy who does not want to kneel, he should not be vilified. neil: i know there's both sides on this issue, do whatever they want on this issue, doug elders with us the sports agent extraordinaire. encyclopedia on all these matters, what do you think of what he just said? >> i think he was right and i think the lead-in from shaquille o'neal wasn't right, he said athletes have an opportunity in a platform and a pedestal to use the platform for good, however, you define good and charles barkley responded equally accurate saying true, they should use it but also if they decide not to kneel, that does
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not make them a defective bed person, any other time we would not be discussing not because it seems so logical and straightforward but in so many ways, a month ago we were talking about drew brees with a national apology to her for saying i appreciate social justice and i stand by my teammates and people in orland but i don't agree with nearly with the flag. so in so many ways that is diplomatic in the social media echo chamber in the age of outrage. neil: where is this going with all the sports, are the policy similar, i'm talking with a professional level. >> yes, sir. in the context of kneeling and social justice statements, the nba has had a long-standing policy going back to the 1980s that required to stand for the national anthem, commissioner adam said he will not enforce that rule and would in fact support players right to express themselves whether be kneeling or slow getting or what have
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you. it's also different, you can member all of this in so many ways with colin kaepernick at least the kneeling aspect. at the time, it's important to note in this often gets glossed over, there was no regulation in place regarding conduct during the national anthem. many people might not of thought cabernet was right to kneel but in the technical sense he was not wrong, they tried to adjust the regulation to create a code of conduct but in terms of where they are going moving forward, we can anticipate broad kneeling whether you agree or disagree in the upcoming nfl season, the league and the players association are still working how to address that but there will be on field messaging like you saw last night with the return of the mba with a # black lives matter in orlando. neil: real quickly, i want to get your thoughts on whether we will have a baseball season completed with st. louis staff members who tested positive for the virus on top of players on the marlins, could this whole thing just in?
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>> you know what, that's an absolute impossibility. it can be up for debate. but the real question in the more important issue is how it would in. in the stock market there is a circuit breaker, 7 - 13 - 20%, if it gets trip ticket engages for paying them excelling, what is the trigger when it comes to pro sports, is a seven, 13 or 20%, how do we control the when we see numbers stick up there's no policy or precedent to lean on and governing that decision, your guess is as good as mine but yours might actually be better. neil: i doubt that. don't rain on my parade with my business, you're right on that stuff but now you're showing off and rightly so. we will have a lot more to this including more from the president of the united states very shortly. ♪ of the market.
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neil: all right. we should get what they call [ inaudible ] today from the president of the united states meeting with law enforcement officials. a number of issues have come up in that meeting including his crackdown on cities where the violence has gotten out of control with some of these protests, for example, in portland where it's reigned for better than 64 nights straight.
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he's talking about how we have to keep the law and order going. we are also told he's addressing right now these various stimulus measures, virus stimulus measures that are in effect but democrats and republicans, far apart. trey gowdy joins us now, the former south carolina congressman, he's a former prosecutor. very eloquent guy, very passionate when he speaks, whether or not you agree with him, which is probably why he's a fox contributor. always good to have you. >> thank you, neil. neil: let's get first off on the competing virus relief measures, stimulus, whatever you want to call it, they are miles apart but we are told now that the house, at least according the a cbs news report coming in, might skip its summer, you know, vacation to stick around in case something gets done. where do you see all this is going? >> i talked to a united states senator on the way over here because i knew that you would be
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prescient enough to ask me that question. they could have a deal before this segment ends but the republican senate position is that the democrats would rather have the issue and therefore, they are adding things that are extraneous to this relief bill. the only evidence i would point you to in that regard, neil, is we could have had criminal justice reform, we could have had it a couple of weeks ago, but for some vice presidential aspirations so if you are willing to kill something as important as our justice system, then i guess you're willing to kill almost anything to advance your political narrative. neil: all right. if you can stick around, congressman, if you can't, i understand. the president now, this is the tape playback we're getting. reporter: [ inaudible ]. >> i think the democrats don't care about the people of our country. i really don't. i told my people the democrats do not care about the people of
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our country. they don't want to do what you should be doing for the people of our country, whether it's unemployment or anything else, and all they care about is the election and they are going to lose the election. you see what's going on with the polls right now. i guess we just got one over 50%, rasmussen just came out. you see what's going on because the people get it. the democrats are playing for november 3rd and we're playing for the good of the people. it is a disgrace. that they're not negotiating. but they're only looking to play a political game. i happen to think it's a bad political game. i think it hurts them. reporter: they look at you [ inaudible ] something different from what they hear from mnuchin and meadows. >> they know what i want. what i want is i want our people to be able to live and live well because it wasn't their fault that china brought in this pandemic, that china brought in this plague. it's china's fault. you want to know the truth, china should be paying for it and maybe they will. maybe they will.
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you watch. you watch. what else? reporter: mr. president, if we can ask you specifically, we heard yesterday your frustrations about how long it will take to count the ballots here. then why are you spending more resources and funding for the states they want to secure this election for all americans? >> peter, you know nothing about my energy, okay? you know nothing about what i'm doing. reporter: what are you doing? >> listen, you know nothing about what i do. nbc, i just told you about the false report that nbc put out the other night about the mayor of portland. and this is the kind of stuff you get. you'll see what happens. it is common sense. everyone knows mail-in ballots are a disaster. you just have to take a look at the last recent -- take a look at new york city. look at new york. they're still counting your ballots. nou that? they had a race, small race by comparison, by comparison tiny. it's so messed up, they have no idea, there are ballots missing. thousands and thousands of ballots are missing.
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they think they're going to spend hundreds of millions of dollars all over the united states and it's going to come out? you won't know the election result for weeks, months, maybe years after. maybe you'll never know the election result. that that's what i'm concerned with. it will be fixed, it will be rigged. people ought to get smart. i just hope our republican voters, the people that are for you, are going to do what they have to do. absentee ballots are great because absentee ballots, you have to go through a process to get them and it's actually a great thing. absentee ballots. i'm going to be voting absentee. an absentee ballot is one thing. a universal mail-ballot is a disaster. they don't even know where they're sending them. a friend got a ballot for a son who died seven years ago. you don't even want to talk about -- but the media knows this. actually, "the washington post" wrote a great article, of all groups, a week ago, "the washington post" wrote a great article that this is a disaster.
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this is going to be the greatest election disaster in history. by the way, you guys like to talk about russia and china and other places. they'll be able to forge ballots. they'll forge them. they'll do whatever they have to do. people should go and vote or do it absentee ballot. reporter: [ inaudible ]. >> say it? reporter: the military predominantly votes by mail or absentee. >> absentee. reporter: so -- >> you didn't understand me. i said absentee ballots are actually a very good thing. absentee ballots are secure and they are very good. but universal mail-in are a disaster. you are going to see an election, and we are going to do very well in the election. nobody wants that date more than me. i wish we would move it up, okay? move it up. but you're not prepared for what they're doing and they're using covid. you know, they're using the china virus, china must be very happy about it, because they hit us with a virus and now they screw up an election like you will never see. you watch what happens. i don't think you will ever give
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me any statement. i guess trump was right but the people know i'm right. watch what happens. new york city has a little election, we just talked, you guys, you know they're never going to have the results of that election. never the correct result. they'll probably announce something at some point. when did that take place, like five, six weeks ago. absentee ballots, great. going to the polls, great. if you do universal mail-ins with millions and millions of ballots, you're never going to know what the real result of an election is. it's going to be a very very sad day for our country. go ahead. reporter: if the system [ inaudible ] as you say why not commit to putting in resources -- >> we are putting in all the resources you can but as a couple of the radical left people said you know, who actually agree with me, they said no matter what you do, we're not prepared for this. they're not prepared for an onslaught of millions of ballots
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pouring in. they're not prepared. they're not prepared. you watch. they're not going to announce anything on november 3rd. they're not going to announce it on the 4th or 5th or 6th. i wi it will go on forever. they voted during world war i, they voted during world war ii. they went to the polls, they voted. they went to their booth and voted proudly. but now with covid they don't want to vote. it's not that they don't want to vote. this will be catastrophic for our nation. you'll see it. i'm always right about things like this. i guess i must be. i wouldn't be sitting here. yes, jennifer, go ahead. you want something? please, in the back. reporter: [ inaudible ]. >> i want to right now focus on this election. i'll have a statement about that stoo soon. i heard they did that, they delayed in hong kong.
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i'll have a statement about that. okay. thank you very much. thank you very much. neil: okay. this whole issue over ballots, universal mail-in ballots getting the lion's share of the attention, questions from reporters, not much about the coronavirus, escalating cases, some improvement in seven-day trends, not really much elsewhere about the issue at hand, meeting with law enforcement officials but the president making clear he still has suspicions about universal mail-in voting as contrasted with absentee voting, which is a process, a rigorous one, one he enjoys himself as president who will be voting via mail-in ballot but the universal plans some have come up with are inviting disaster, as he put it. yesterday he talked about the possibility of delaying the
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election to avoid what could be widespread rampant voter fraud. he's since pulled that back a little bit. back with trey gowdy, former south carolina congressman. congressman, where are you on this potentially delaying an election over the issue of feared universal mail-in ballot fraud if it ever got to that point? >> well, i'm with the statutes and the constitution on when we vote. that date should not change. i kind of bifurcate the mail-in ballot. can we be guaranteed of the reliability and the efficiency in the future? perhaps we can be. can we do that in less than 100 days? i have seen no evidence. look at the iowa caucus. they tried something new there. there were what, eight different people that made acceptance speeches? look at the fraud in the congressional primary in north carolina where indictments actually were handed down. you're right, i was a prosecutor. i have a dim view of human
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nature. you are going to have to guarantee me going forward that we're not creating an atmosphere for fraud in something as important as this. maybe you can convince me based on the evidence in the future but i don't think we can do it between now and november. neil: do you think it was just accidental the president did raise the possibility of delaying the election, he said many in the media just took him out of context there, but he did say that that was a possibility. obviously you're saying we have a fixed date for elections, we did in the middle of the civil war in 1864 and every major election since. i'm wondering what you think the reaction would be if we ever tried to do that, not that the president could, but congress could ostensibly. what do you think? >> you know, neil, i thought back, remember when president obama delayed the advent, the start of the affordable care act and one of the questions i would ask the witnesses is well, if you can do that, can you also
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kind of postpone the election date. that was my way of saying we have a way of changing the law and we don't do it because a president just decides he wants to do it. i may not be very smart but i do try to be consistent and if i'm not going to let a democrat president willy-nilly change the statute and change the constitution, i'm not going to let a republican one do it either. neil: on that same issue, if you will indulge me, prosecutor, and that is this idea that hong kong has delayed a crucial council election a year but citing the pandemic, then it got me thinking which is always dangerous, congressman, the pandemic, if you think about it, is delaying the start of in-person school years here. so many businesses as well. i'm wondering if that could be an issue that gets people here to talk about we're not ready for this, we don't have enough personnel for this, we're going to have to push this back? >> i would argue that you should start it earlier.
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if you are worried about getting all the votes counted by that first tuesday in november, then let them begin voting the thursday before. i mean, there are lots of ways to accommodate these unprecedented times we're in. the one i would not pick is violating a statute which is moving the date back. i mean, in reality, you have to have a new government by the first week in january for the house and the senate and then by inauguration day for the president. so there is some play room but there's a statute that says we are going to do it on this date or by this date. i would rather see you move it forward and give people four or five days so they can socially distance and vote in person than postpone the date. neil: that's the most common sense idea i have heard on this whole back-and-forth. trey gowdy, very good seeing you again. be well. >> thank you. you, too. yes, sir. neil: trey gowdy, former south
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carolina congressman, former prosecutor, fox news contributor. corner of wall and broad, selling going on, not for technology stocks, the big ones like apple and amazon and facebook, which if you were not looking at apple here, which is a big dow contributor, that dow would be off a heck of a lot more than it is right now. stay with us. experience the adventure of a bigger world in a highly capable lexus suv. at the golden opportunity sales event. get zero percent financing on all 2020 lexus models.
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neil: florida is in the news a lot, right? you've got the spike in coronavirus cases, hospitalizations, deaths, we will get into that in a second. of course, it's now dealing with a category 1 soon, possibly category 2 hurricane just off the shores this weekend. we should see the return of those spacex astronauts making a splashdown not too far off the coast of florida. but it's the overall environment there that continues to keep the sunshine state in the news. phil keating following all of these developments, including those stubborn coronavirus cases that they just can't get a handle on. what's the latest? reporter: well, the latest is everyone's concerned. millions of floridians really watching the weather channel and weather stations to see what exactly this cat 1isaias does.
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it burned through the turks and caicos and is marching toward florida. at minimum, strong tropical force winds are expected in miami and fort lauderdale as early as this evening. then by early sunday morning, the eye of the storm should be just off the coast due east of us where we are here on the space coast. isaias is expected to skirt the coast and make landfall in north carolina's outer banks next week. a big sigh of relief for florida. however, parts of the state are now under a hurricane watch. as of last night at 5:00, all state coronavirus testing sites at risk to the storm began breaking down, packing up and locking up. those will not reopen until tuesday. today, a fourth straight record-breaking day for covid-19 fatalities. today's new case numbers show 257 deaths and about 9,000 new cases. that makes this the sixth
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straight day for florida reporting fewer than 10,000 cases, which is possible positive news that florida may be plateauing. puerto rico's governor visited some of the damage the tropical storm caused there and the dominican republic over the weekend or the past couple days, rather. several inches of rain, lot of wind and some mudslides. about an hour ago, florida's governor addressed the state from the emergency operations center. >> very fluid situation. we hope that it stays off our shores. we've got to be prepared to have impacts in the state of florida. reporter: south floridians have begun sandbagging to protect their homes and businesses. everyone is encouraged to have a week's worth of food, water, batteries and supplies, as always during hurricane season, just in case the storm ends up wobbling a little west and closer to the mainland. this weekend looks to be a washout for much of the florida coast on the atlantic side. however, in miami-dade county today, the beaches were all closed to the public for safety. however, here, coco beach is
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open. it's blue skies, it's hot and it's a beautiful day for a beach but probably not starting tomorrow. neil? neil: all right. phil keating, thank you very very much. in the meantime, the president's health care task force was up on capitol hill or at least most of the major players. let's say it got a little back-and-forth nasty. take a look. okay. i thought we had the sound of that. we don't. all right. let's go right to dr. nina radcliffe, board certified anesthesiologist, much, much more. doctor, bottom line, whether you are talking to the cdc or surgeon general or dr. fauci, host of others, the reading was we might be over the worst of this. dr. fauci hinting we are a lot better off than we were a few months ago. yet you did hear about what's going on in florida and other cases where we are still getting high counts. now, you cling to things like a
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seven-day average that's improved a little bit. stepping back for a minute, as a doctor yourself, how are you seeing things right now? >> we are seeing, i'm in new jersey, we are seeing decreasing numbers of cases, hospitalizations and deaths because we have taken the necessary steps which are wearing face masks out in public, staying physically distant from people and that took time to get to that point. we saw a lot of tragedy that led us to our changes in behaviors. neil: doctor, dr. fauci was talking about the possibility, maybe we have to add that everyone should wear goggles. could you educate me what would be the wisdom in that? >> so this is an added layer of protection in addition to the face mask. so it's two different technologies for two different reasons. as we learn more about covid-19, we want to adapt to this. we want to make recommendations based upon science. we know this is a highly contagious virus.
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we know that if i were infected, if i were to talk, breathe, cough, sneeze, i'm emitting into the air and it can linger for up to three hours and is invisible so if someone else comes along, it can enter their body through their eyes, nose and mouth. these are portals. we want to shut down those portals, prevent the spread of infection. these recommendations were on the centers for disease control and prevention website for awhile. dr. birx and dr. fauci just started amplifying this. we want to give everybody the wisdom to make smart decisions for themselves. neil: you know, we can all dress up like astronauts, but be that as it may, you might have heard that facebook has announced that people can continue working from their home indefinitely. we know that google has said the soonest a lot of employees can come back would be at least a year from now and i'm wondering, other companies will likely do and say the same. what do you think of all that?
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>> well, i get dressed in a haz/mat suit every day for work. i am a front line physician. every place is different. if you can work from home, that is wise. if your company can do that, that is wise. we want to prevent the spread, until we have a medication that can work in nearly 100% of everybody who is infected, or a vaccine that can cause us to have herd immunity. when it comes to transmittable diseases the goal is to stop the spread. if we can, we need to stay at home, we need to keep physically distant, we need to minimize interactions with large groups. because again, just breathing and talking can shed the virus and it's so highly transmittable. it takes one person, one person going into that office and being sick and then you have no symptoms. they can spread it to everybody else and you don't know who may have cancer or who maybe immune compromised and may end up in the hospital with a breathing tube and die because of that. these are wise steps if it is possible. neil: real quickly, we do know
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that every time people return to more social situations, whether it's these baseball teams that are now having a number of players, staff, you know, test positive for the virus, and the fear that when schools start reopening, we will be dealing with the same thing, is that just inevitable, we have to keep it in perspective, that as people get back to doing some semblance of what life was like before, we will have these sfieks? >> absolutely. this is a highly contagious virus. i think sometimes we are going back with the baseball teams, people just getting tested who may have not had symptoms are being found to be positive. there may be a lot of people without any symptoms that just weren't tested that were positive. we are uncovering and seeing a little bit more, just chipping off the iceberg for this. neil: doctor, thank you very very much. i didn't know you went to work in a haz/mat suit. lot of people say i should wear one.
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thank you, doctor. always good having you on. i always learn a lot. all right. we have technology stocks that could be the saviors of the day here. we have the s&p 500 in and out of negative territory on the year. no matter what happens today when all is said and done, it will be an impressive month for stocks. just not all of them. more after this. d you know geico is now offering an extra 15% credit on car and motorcycle policies? >>wow...ok! that's 15% on top of what geico could already save you. so what are you waiting for? idina menzel to sing your own theme song? ♪ tara, tara, look at her go with a fresh cup of joe. ♪ gettin' down to work early! ♪ following her dreams into taxidermy! oh, it's...tax attorney. ♪ i read that wrong, oh yeeaaaah! geico. save an extra 15 percent when you switch by october 7th. ♪ give it up for tara!
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i'm an associate here at amazon. step onto the blue line, sir. this device is giving us an accurate temperature check. you're good to go. i have to take care of my coworkers. that's how i am. i have a son, and he said, "one day i'm gonna be like you, i'm gonna help people." you're good to go, ma'am. i hope so. this is my passion. if i can take of everyone who is sick out there, i would do it in a heartbeat.
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neil: you know, i keep looking at the dow jones industrials and i think about that 211 point decline. imagine if apple were not part of that. i can't even calculate. we have charlie brady who does all the time for us, our stocks editor. this selloff would be a heck of a lot worse. anyway, susan li has been sort of crunching the numbers these guys debuted yesterday, barely 24 hours after they were getting harangued on capitol hill.
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susan, what do we have going here? susan: well, i think the take-away is that the big just keep on getting bigger. winners in coronavirus, neil and as you mentioned, big earnings just a day after the capitol hill hearings which said they were already too big and have way too much control over our lives. apple now officially the biggest company on the planet, overtaking saudi aramco. today's rally adding roughly $100 billion to its market cap, now worth over $1.7 trillion with a "t" so that's adding citigroup or starbucks. record june quarter for apple, iphone sales growing once again thanks to that cheaper iphone se. big announcement, the stock split, 4 for 1 here. it's the fifth time in its history, first time in six years since 2014, 7 for 1 stock split. i asked why they were doing that and they said they wanted to make it cheaper for more people to own. doesn't change the value of the stock, only means lower influence when it comes to the dow jones industrials which is share price weighted instead of market cap weighted like the s&p
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500. the last stock split in 2014, apple's stock rallied nearly 8%. speaking to tim cook on earnings, he pointed to optimism in the u.s. economy telling me i'm still bullish because we went into this very strong and i think more stimulus is required but i'm optimistic that that will occur and yeah, i do, i do think that we can, we can have a strong bounce-back. facebook had a bit of a bounce-back in the quarter, lower because of covid and advertiser boycotts. revenue growth for facebook was actually the slowest since 2012's ipo. the monthly active users crossing 3 billion. they said advertisers were actually coming back from that boycott including heineken, puma, northface and zuckerberg also making news on the work from home front as well. listen. >> from a health perspective, with covid growing quickly in the u.s., there's currently no end in sight for when our teams will be able to return to our offices. it is incredibly disappointing because it seems like the u.s.
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could have avoided this current surge in cases if our government had handled this better. susan: amazon, meantime, record sales there for jeff bezos, profit doubling to over $5 billion. employing over one million now. amazon prime day delayed until the fourth quarter. finally, alphabet, a bit disappointing with its first drop in ad revenue in company history but they are buying back more stock, $28 billion worth, lower cost, cloud was a bright spot but if you are going to move prime day to the fourth quarter, isn't that called christmas or black friday? neil: yeah. i mean, that might provide another opportunity for these guys to have like a spurt like they have today. we'll see. susan, thank you very much. susan li on all of that. interesting comment from zuckerberg, a little zinger at the president, we could have done this and handled this a lot better. always in the eyes of the beholder. sean o'hara is with us, pacer etf president right now. we also have nancy davis with
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us, quadratic capital management founder and cio. nancy, i will begin with you. the tech stock story today, minus what's going on with google for different reasons, is still a strong earnings report for it and the others, but having said that, is this real, what's going on? when i hear brokerage firms tripping over themselves to say in the case of amazon, i forget the one that said this could easily be a $4,000 stock and raising it accordingly, is it getting ahead of itself? whatever the strong fundamentals for each and all of these companies, is it getting ahead of itself? >> it's a great question. i think people should be cautious, especially with some of the momentum that's building in the tech space as well as other asset classes like gold or other sort of trendy things. i think investors really have to look also at the fixed income markets and i manage a fixed income etf.
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looking at other things as well, because the stock market, especially tech stocks, as you pointed out versus the bond market, are telling wildly different stories about what's going to happen in the future. neil: what is the market telling you, sean, right now? >> the market is telling me that the trend is your friend in these names. it was a little bit surprising in some areas. i thought the ad revenue would have gotten hit a little bit more with the other sect ors of the economy struggling but perhaps that void got filled by other advertisers as a result of what's going on with covid. the numbers that also came out that were a little bit surprising that indicate that there's a lot of competition now in the cloud business, which is, by the way, where amazon makes huge margins. they don't make very much on the e-commerce side but they make huge margins on the cloud side, and the three big players there are google, amazon and microsoft. so there's a war going on there.
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so i think with all this positive news, these stocks sort of being perfectly suited for the environment as far as their business models, it's hard to go against the trend. if you were going to go against the trend, i would look at the things that support them. in order for their businesses to continue on this meteoric growth path, there's critical infrastructure that's needed to go along with them. so the chip makers and device makers have to supply those chips and devices to help them. the data centers have to get built out in order for this cloud computing to go on. the fiber networks have to be able to continue the pipelines or highways for this information and cell phone technology and cell phone towers have to grow along with this. so what we're seeing is, you're seeing great results and it to me indicates there's lots and lots of future demand for the infrastructure that supports these tech businesses. neil: you know, one thing that supports the markets in general is this notion that interest
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rates are going to stay low, maybe for years to come. do you buy that? do you think that that's just a given? certainly jerome powell in his statement this week seemed to telegraph that, but what do you think? >> yeah. i think the market is definitely expecting low levels of interest rates in the future and we see th that, this is bending the u.s. yield curve because long dated treasuries are trading at such incredibly high valuations or low level yields. i do think the question that will be out of control will be if, you know, the results of this pandemic tend to be inflationary. we have had huge fiscal spending, we have had global monetary policy all kind of coordinating at the same time with such a huge velocity which has been wonderful for equity markets and credit markets but i think the question is whether that actually does bring inflation or stagflationary environment. i do think it's important for investors to look for inflation
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protection in their strategies outside of equities and outside of gold to other more value-based asset classes. like the etf we manage which is a good value play because the credit market has moved, the equity market has moved, gold has moved, but inflation expectations are still in the gutter because people think the pandemic is going to be deflationary and to your point, it's priced that way appropriately in the rates market and maybe that's right or maybe that's wrong. we'll see in the future. neil: interesting. i want to thank you. sean, always a pleasure, both of you. we just showed as nancy was wrapping that up, gold up smartly today. it is in and out of all-time highs here. that's been a remarkable development here because in good markets and in bad, all that glitters continues to be gold. we will explore that after this. what do you look for when you trade?
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i want free access to research. yep, td ameritrade's got that. free access to every platform. mhm, yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. now offering zero commissions on online trades. we charge you less so you have more to invest. ♪
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neil: it could be tiktok on, well, tiktok. charlie gasparino on what's going on there. what is going on there, charlie? charlie: sources have told the fox business network that the trump administration i believe through cfius is now poised to tell bytedance, the parent company for tiktok, to divest tiktok, divest from it, sell off tiktok's u.s. portion to a third party, presumably a u.s. company. what sources also tell us is, this is fascinating, tiktok officials are in talks with microsoft for that sale. this thing is happening very soon. we expect the trump administration's statement through cfius to come out imminently. it's essentially this. it's cfius saying the creation of tiktok which needed the
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approval of cfius which is an agency in the u.s. treasury that approves foreign transactions, that approved -- once approved the creation of tiktok, that's null and void. it makes it impossible for tiktok to be sold or used in the u.s. through any platform, through apple, through any platform. what's going to go on now is that you have the divestiture of the company from bytedance and the next step will be the sale of the company. what we understand, tiktok is -- and bytedance, they are both in talks with microsoft which would be an incredible deal if and when it comes. we have not gotten the microsoft aspect of this confirmed. we do know from investment banking sources, what we understand, there are talks. now, whether they materialize or not, i can't tell you. we will know more as this story progresses. but this is a big story. as you know, the trump administration, even members of -- on the other side of the aisle believe that tiktok is
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used as a surveillance tool by the chinese government since bytedance is their parent company, is a chinese company, that they are collecting user data for surveillance and that cfius which is the agency at the treasury department that can unwind deals, prevent tiktok's use in the u.s., has been looking at it. from what we understand, that order is coming down imminently. now, from what i understand, it has been signed, it needs to be announced. we should get that. the second part of the question is tiktok is a big business. its u.s. operations, they have hundreds of thousands of users. what's going to happen with that and from what we understand, it's going to be sold to a u.s. company and again, the name in the mix that fox business has learned is microsoft. we have no comment from tiktok. we have no comment from microsoft. be prepared for this order to come out like imminently because it's now out there. fox business is first to report,
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i should point out, the microsoft portion of this but it is now, we have confirmed both the cfius portion and we have talked to investment banking sources that microsoft is interested. back to you. neil: wild stuff. great reporting, my friend. charlie gasparino on that. a couple other developments we're following on this spike in cases. there are spikes. there are expected spikes but when someone comes out and says media, calm down, there's a reason to be concerned, a reason to be petrified. i'm always quoting what mike rowe had to say. i thought he could say it far better, next. - hey, can i... - safe drivers save 40%!!! guys! guys! safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! safe drivers do save 40%. click or call for a quote today.
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neil: you know, sometimes when you see all these spikes in covid-19 cases you freak out, justifiably so when it seems to be happening all over the country. leave it to mike rowe, best-selling author, to try to put it in perspective. what he does is he engages those on social media to do so. he was asked a question, is it really so important to film a television show in the midst of the pandemic? don't you watch the news? more and more cases every day, aren't you concerned?
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he replied i am concerned, i'm just not petrified. i thought that was an important distinction i thought i would continue on with him today. mike rowe is here. the way i heard it is the runaway bestseller as well. mike, i like what you said. i think what you were saying, this is an italian version of this i won't repeat here but it goes something like just calm down, just calm down. what reaction did you get from people? >> it was bananas, honestly. 15 million people read it. it was shared a few hundred thousand times. and i broke a few eggs, you know. i wasn't trying to poke the bear, but i do think that this prison of two ideas your buddy gutfeld talks about is real and interesting and the business of dispensing cookie cutter advice on almost any topic today has really become its own kind of pandemic. this is a big country and there are obviously many states and
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many zip codes and hot spots here and not hot spots there, and we just spent a long time, it seems, telling people that this is the way to react, no matter where you are, no matter what risk group you're in and so forth. so look, i was answering a letter from somebody who took exception to seeing me out in the world shooting new episodes of "dirty jobs" and i really just tried to say to them, look, there is a way to do it carefully. there is a way to be responsible and still live your life. for whatever reason, that's a hard thing to articulate. it makes people uncomfortable, i think. i'm not quite sure why. but i simply tried to put some sides on it from my perspective. neil: you hit a chord. a lot of people are wondering it's all or nothing. there is a risk, we were mentioning earlier in the show about people who need to go back to work or baseball resumes, you are going to see a spike in cases, indeed we have.
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the same will happen when the school year resumes for those that are doing it in person or otherwise. but we've got to get a handle on it. how do you think people are still reacting? >> i look at it like, you know, kubler ross talked about the five stages of grief and you have to get to acceptance. but on the way to acceptance, there's denial and anger and bargaining and depression. i figure our country is going through a grieving process but we are all going through it at different times, so you can look around and you can say oh, well, he's depressed, she's bargaining, this one's in denial and so forth. i personally listen very carefully to a doctor named osterholm who back in march said this is serious, it's real, likely cases could approach 100 million and likely deaths could approach half a million. that was stunning and kind of
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alarming, and i found myself arguing with it and i read his book and i took a deep dive, and again, just for me, by the beginning of april, i had come to terms with the belief, rightly or wrongly, that we could see 100 million cases. so when i see the cases go from two million to three million to four million, sure, it's concerning. but it's not alarming because i kind of baked in to my brain, anyway, what a likely scenario could be. if we don't have the chance as a country to get our heads around the likelihood of what we're dealing with, we're never going to be able to accept it and then we're going to be paralyzed and we'll never be able to move. neil: yeah. we're already at that stage. mike rowe, wish we had more time. i want to thank you for that. i thought when i read this back-and-forth they sound like some of the nasty stuff i get. very happy to hear that i'm not alone. mike rowe, the way i heard it, former "dirty jobs" host.
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the mike rowe works foundation to help people out, help a lot of people out. good guy. thinks in a way that tries to calm everybody down. not such a bad idea. stick around. we will continue. 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. ♪
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i'm breathing better. trelegy works three ways to open airways, keep them open and reduce inflammation, for 24 hours of better breathing. trelegy won't replace a rescue inhaler for sudden breathing problems. trelegy is not for asthma. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. think your copd medicine is doing enough? maybe you should think again. ask your doctor about once-daily trelegy and the power of 1, 2, 3. ♪ trelegy, 1,2,3 woman: save at trelegy.com. neil: welcome back. we understand the president is taking questions outside the white house. i think you know the drill on this.
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he faces questions and then gets ready in this case to leave for florida and emergency preparedness operation going on in that state as it prepares for category 2, very close to being a category 2 hurricane and i've since learned his name exactly as isaias. also, an update on the covid-19 cases there. they're talking much about the seven day average that is starting to improve right now and that has been happening nationally per the president has mentioned that and they worry about hospitalization and death counselor so high in various studies and estimates that of another, we can see a substantial increase but again it's way too soon to tell that in the spacex astronauts who are supposed to return off the florida coast on sunday. a lot to address and allow for the president to talk about. as well as coronavirus relief
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measures that are being hotly debated on capitol hill, they want to get something done but time is running operate to get done, the trillion dollar plan is the cheapest that they got from the republican side, three had a half on the democratic side, they do urge that they will have something done and soon. to blake burman and for charles payne. >> they let me out of the white house for a day. i'll take it from here. have a good weekend. >> i am blake burman and for charles payne, this is making money and breaking right now, three of the four big tech companies surging today after a blowout earnings yesterday but investors are worried about another logjam in congress. meantime here in washington, another relief package installed, unemployment and if it set to expire in congress about to go on vacation. what might be the way forward. congressman roger williams with his idea coming up in those along the east coast have a different worry this weekend
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