tv Cavuto Coast to Coast FOX Business August 7, 2020 12:00pm-2:00pm EDT
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just saying by current infection rates which have come down quite a bit in the state of new york, all school districts in new york state can remain open for the fall. we'll see if they all do, but that's the announcement. neil cavuto, take it away. neil: all right, thank you, my friend, very very much. as david just pointed out here, the read from the governor of new york is that schools can go ahead and open in the fall. now that's his statement that doesn't mean they all have to adhere to that, and of course then there's the new york city mayor, with whom they've had a little bit of a relationship, let's get the latest on this from connell mcshane following these fast-moving developments. this was not expected connell. connell: well, there is a difference though, neil, between something you can do and something you will do and we'll have to see how this plays out over the next few weeks in the state of new york, but the governor giving the go-ahead for schools to open pretty much is in line with what he had been
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saying if the infection rate in new york state remained low and state-wide give or take, it is low, hovering around the 1% mark the schools could open. governor cuomo previously said if it stayed below 5% they could open if it were to spike up to 9 % they would then close down so this is in line with that, what the governor is saying today. the most important part of all of this is what the local jurisdictions decide to do, and the way it played out in new york is that the local superintendents of school districts around the state submitted their plan by last friday. now, some didn't get a plan in at all but most did, and most of those superintendents submitted a plan that had some blended approach, meaning that even if school districts be open to in- person learning, students would not be going back-to-school five days a week, in some districts they would, but in most they would not. it be one or two or three days a week, some rotating system that allows the schools to have
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a smaller presence in the room. so, yes, big news, neil in that schools can reopen in new york unlike many other districts around the country but let's wait and see on that distinction between can and will and we'll see that over the next few weeks neil: yeah, that is you're quite right about that connell thank you very very much. any updates of course you'll keep us posted in the meantime we're hearing there might, might not be another meeting today to discuss that stimulus measure in washington. what we do know is the sides are still far apart but at least they're talking possibly about getting something done by the end of the day we shall see but all of this with the back drop of a better-than-expected employment report we had out that has republicans saying there's no real immediate urgency to this and democrats saying well yes there is. edward lawrence has been crunching all of the numbers. >> reporter: yeah, neil first on the treasury secretary steven mnuchin just said there will be a 1:00 meeting between he, nancy pelosi, chuck schumer, to try and see if they could work something out and on the labor
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numbers we're talking about a 10.2% unemployment rate. that is within reach of san diegos and as you know, the top line number there of 1.76 million beat expectations, inside the numbers you have some good trends and disappointing data. on the trends, construction jobs as you see there added 639,000 jobs over the past three months. that is the most construction jobs created in a three-month block in the history of the records which started back in 1939; however construction jobs just added 20,000 jobs in july. leisure and hospitality the job growth last month adding 592000 jobs but manufacturing disappointing rising only 26,000 jobs in july. white house economic advisors are pitching this as a big win because this report comes from the weeks that the coronavirus cases spiked across the south and the west. we still had big gains though with an average hourly earnings rising 4.8% over the past 12 months. also the trends loom big for the
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third and fourth quarter growth. listen. >> this is a self-sustaining recovery. companies are going to have to produce new inventories to re stock the shelves all across america and that is a huge boost to the economy in the third and fourth quarters and so this is the self-sustaining recovery. >> reporter: still white house economic advisors looking at another stimulus package as sort of insurance to speed up the pace of job growth and get back to pre-pandemic levels if the sides can agree now we hear a 1:00 meeting. back to the jobs report quickly one sector i've been enamered with is dentist offices get this over the past three offices dentist offices created 480,000 jobs, another three-month growth record. think about that half a million jobs with dentists alone over three months working in literally the place where the coronavirus lives and now in july those offices added 45,000
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jobs to the economies giving them something to smile about. neil? neil: well thank you for drill ing that point home. edward lawrence thank you very much. okay, look, it's basic cable, what can you pray for here? we've got a lot on this john layfield has been crunching the numbers as well. one of the arguments about this is report, it's not fantastic, it's certainly good enough to maybe hold off on stimulus or not as generous stimulus, but the markets are weird because these days they seem to love government spending and stimulus so they will be disappointed if that turns out to be the case. what do you think? >> i agree with that i was with a lot on wall street yesterday and they are talking about the fact they believe the stimulus will continue and the ppp will be extended and the unemployment compensation is going to be extended. i'm kind of shocked at the republicans only shocked because most politicians want to get re-elected and if you look at history the only president
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not re-elected was re-elected during a recession was president mckinley who by the way is running against a very much similar today in 1900 and if the republicans want to get re-elected i don't understand why all of a sudden they're fiscally responsible because they haven't been for the last 20 years. neil: i remember recovering that mckinley re-election and it was a doosey, but let me get your take on the impact of all of this. as you said we've been climbing through this federal spending, federal reserve moneys and rescues i think to the tune of 10 trillion going into this so the markets seem to welcome this where do you see the markets now >> i think the government has done a good job. i think the fed has done a good job of keeping liquidity. you know 2008 you couldn't get a good stock that's why it just plummetted and now you have so much liquidity and also you don't have competition because rates are so low and also because of this government intervention and i don't agree
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with mr. kudlow that itself- sustaining growth i think it's jobs already added back that are there but where we're seeing good things come out of the economy we'll see once the ppp runs out for instance 38,000 gyms in the country, typical small business. you fill those up to a third of those gyms because of the lack of business i think that's what you're going to see. what is kind of putting this off hoping that the economy recovers that's better than nothing and i think the administration has actually done a good job with what they've done. neil: you know, real quickly the tiktoc back and forth here the president is okay with microsoft buying it, but leaving that aside china doesn't like the way the president in better term is strong-arming all of this and calls it reprehensible and its already threatened to take legal action against the president for his heavy hand in these executive orders. where do you think this is all going? >> i think it's going as far as you'll ban ipo's from chinese
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companies. i think this is a slippery slope we shouldn't get on. there may be a lot of validity to this with tiktoc and credibility behind the claims that the chinese government is using this to do some things in the united states they should not be doing as far as influencing social media but if you look at a company, a government on the outside without any names, and you just said this government is banning tech companies, but they're allowing their own tech companies to copycat those tech companies they are banning you'd think that was china. this is what the united states is doing. this is a playbook out of the chinese manifest. it's a difference between america first and america alone, and i'm not saying that this tiktoc should be done, i think it's just a slippery slope that could certainly go along here. neil: all right thank you very much, john good catching up with you my friend. for those of you who are chipotle fans given the success of the restaurant that's quite a few people world wild, it's already pledged that in the middle of this virus that it wants to add jobs about 10,000
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of them over the next few months brian nicole is the chipotle mexican grill chair and ceo joining us right now very good to have you thank you for stopping by. >> thanks for having me, good to be here. neil: this goal to get 10,000 jobs, your business has held strong throughout this whole virus, which is interesting in and of itself because not a lot of your restaurants feature drive-thrus and i know that's one of the things you'll be exploring and expanding, but that's a remarkable testament to what your restaurants been doing >> yeah, fortunately, chipotle has always differentiated itself first with our commitment to food with integrity, as well as our culinary so we make delicious food and then fortunately what we did prior to the pandemic was we invested heavily into the digital accessibility for our cueses, whether that's the app, or a
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website and we put in these digital kitchens which are dedicated parts of the restaurant to service off- premise orders coming in through the app or coming in through the website, and that obviously just took of when the shelter at home orders went into place and obviously since people have not returned to work , that continues to be a key driver of our success and our ability to manage through the crisis. neil: no doubt about that my teenage son knows your app very well, sir and how we can just go ahead pick it up outside the store and done. the job situation, and the commitment to hire 10,000, could you explain how that's all going to work out? >> yeah, so what's really behind that is two things. one we're going to be building a lot more restaurants. obviously you saw in the last quarter that we released we built another 37 restaurants and our average unit volumes in every restaurant continue to go
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up so on average we're doing over $2.2 million per restaurant and we really now got two businesses running out of our restaurants this digital business, so our digital kitchen , and then our frontline business and as i mentioned we've had tremendous growth on the digital side of our business so the fact that our average unit volumes per restaurant are going way up and then obviously our commitment to building new restaurants requires us to bring people on to get them trained and ready to go so that they're ready to run the new restaurants that we open so it's the combination of the digital business growth and then the new restaurant growth that we're going to have that's driving us to continue to hire in these big ways. neil: you know i was talking at the outset about the appeal of drive-thru but yours is a more selective personalized service and that goes with the food eyed would in say similar to panera bread but similar to the respect that you both have drive-thrus. it's not like a mcdonald's or a wendy's or burger king and i'm just wondering how you play that
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i know they are part of your expansion plans and i get that and maybe in this day and age people get out of their car and go into places it make sense but yours is a different beast here with drive-thru isn't it? >> yeah, that's right. so what you have to do is order ahead in our app or via the web and you select frankly a pickup time and what that allows you to do is we will have these pickup windows where you order ahead, it allows you to have all of the customization that you want, and you love out of chipotle and then it also allows you to pick exactly what time you want your food to be ready so the thing that's great about that is it gives our crew the ability to make the food for when they know you're going to show up and then it gives you the ability to pull up to the drive-thru window. it's a matter of seconds because you've already paid and selected everything you want to order frankly you just have to wait for is if you decide you want a drink, we grab a drink you've
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selected so it is really fast and it doesn't compromise on any of the customization that people love about chipotle. neil: but your people are pretty smart and they know immediately when my son is making an order that it's triple the normal size , they immediately tell them , your dads with you isn't he? but let me get a lay of the land we had the employment report come out today and it did show a pickup in activity even for restaurants, hospitality and all that not to the degree that we're seeing but the slow reopening seems to be. there are fits and starts and bumps along the way. how do you look at this whole economy and the jobs comeback we're seeing albeit a little stumbling. >> you know what we're seeing in the markets where we are, our people are slowly but surely coming back to the dining room occasion and a lot of that has to do with their willingness and confidence in the safety of
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their local community as well as whether or not they're going back to their place of work. we continue to see the bulk of our business grow through really i would call it dinner and group occasions versus that individual occasion where maybe somebody is out going to their job during the week. that lunch occasion has still been slow to come back so it's more driven by i'd call it dinner, group occasions, the weekends, and what we're seeingk across the country, we start to see our dining rooms get used a little bit more as people get more and more confident and comfortable we see them using the dining rooms more but still, the bulk of the business right now is really driven by our off premise, our digital occasions because i think people just want to make sure that with these stops and starts they're doing their part to hopefully get us past the current pandemic that we're all faced with.
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neil: all right thank you, brian , very very much, the chipotle mexican grill chair and ceo. thank you very much best of luck all right in the meantime, at the corner of wall and broad we're down about 86.5 points. as you know spacex is on a role now just launched another unman ned or fill with satellites that are going to pepper the globe in fact be essentially every couple hundred miles all across the globe to provide internet to the world. this just a continuing trend we're seeing out of spacex after the big splash down success last week the first time we've seen that for this country and any country since 1975, and the commander of that flight on what comes next, after this. >> it sounds like an animal coming through the atmosphere with all that, all the puffs that are happening from the thrusters and the atmosphere ic noise that just continues to gain magnitude as you descend down through the
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across the planet earth and they'll be dotting the landscape every few hundred miles i'm told when all is said and done as elon musk wants to bring fast internet to every remote corner of the globe. he's been on an aggressive ride of late after the great success of the dragon mission just completed, those astronauts returning after two months in space, a picture perfect splash down, the commander is joining us right now, bob very good to have you, congratulations. how you holding up? >> thank you, neil. doing pretty good. we recovered kind of got our sea legs and are really in the full swing of doing our rehab to get ready for debriefs. neil: you know what is amazing about you guys is how quickly you found your sea legs. i'd been saying look, give me a month, i'll get back to you, but i mean, within hours you're talking to people like me in the press and one after the other, and that's a big deal , 60 days weightless, you're back. how did you pull that off?
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>> you know, we really had a good regime on board the international space station of exercise and commander up there, chris cassidy set a good example for us and so we just did our workouts and we just followed the schedule that's put in front of us and just tried to be there on time for whatevers in front of us whether it's a space walk or it's a splashdown or it's an interview like this. neil: all right i noticed you got the pecking order right, or an interview like this. >> [laughter] neil: i'm curious that splashdown was getting a lot of attention because it's the first time we've done something like this since 1975 how was that? i mean, you guys are the first to experience it in a generation , how was it? >> you know, for both of us, doug and myself, we were really thinking that that might be one of the more challenging parts of the mission that the splashdown and then riding the little boat that was our space ship just a few moments earlier in the open ocean, but it turned out with
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the weather that we ended up with, things were relatively smooth and really, we were in there just trying to think through what could we do in here to keep accomplishing the test points of the mission, so we made a lot of phone calls and talked to a lot of people around the country to just let them know how we were doing so it's like hey we're on a boat in the ocean, somebody coming? you know just to joke with them a little bit. neil: [laughter] >> but just like they told us it was going to be based on the weather forecast which made it very pleasant from our perspective. neil: no it was remarkable and now of course you're seeing they are already making plans because of your successful mission for the follow-up one next month , i believe that's going to have four astronauts including japanese astronaut and the pace picks up from there. how do you think this is all going? >> you know, i think things from a spacex and nasa perspective are going really
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well, but we do need to give the engineering teams time to really go over that vehicle and make sure there's not anything else that we can learn from it that might change the upcoming mission just a little bit or require a little bit of a modification or otherwise. the team will pore over that vehicle and just a few short weeks they will be ready for the next flight whether changes are required or not i have confidence they're going to be ready to go pretty quickly here. neil: one of the things they are looking into bob and you can maybe update me on this is they were worried about fumes or there was a gas presence, you know this far better than i, but that was an initial concern. can you update me on what happened, what they found, what they were worried about? >> you know, when a vehicle comes back from space, the propelants we've used they come out of thrusters and ports that are all over the vehicle and they do need to make tests to make sure none of that propelants whether it's residual s burned or unused
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propelants is leaking around and i think we couldn't tell from inside the vehicle but a lot of ships seemed to get pretty close to the capsule based on some of the pictures that i've seen, and they don't have the luxury of all that sniffer equipment to make sure it's safe to do so like the spacex vehicle did and so the ship ended upbringing us aboard, and so i think we didn't have anything out of the ordinary, but they were just extremely careful to make sure that the people who ronald regan going to get close to the capsule itself were doing so in a safe manner, and that's just something we need to do whenever a space ship comes back so we didn't have any leaks but they were just making sure that they had tested it in all the ways that you could to make sure it really was safe for the folks that were going to put their hands-on the vehicle. neil: i think between this 60- plus day mission and your two subtle missions you've clocked about what 93 days in space and already, i'm sure you seen some of these other
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aggressive plans are still more trips in the space station, maybe a trip to the moon, down the road with these unmanned mission to mars, who knows they keep talking about that. are you game for any, all of the above? >> you know, i'm really game for the missions that are in front of nasa. it does take time to be prepared for these missions. i started working with the commercial crew program as kind of an assigned crew member who knew they were going to fly on one of the commercial vehicles either boeing or spacex about five years ago. these projects are strategic in nature and take some time, and so our human flight to mars, i might be a little bit too old having just turned 50 in-orbit to be ready to jump on to a mars mission but one of the more short-term missions i'd be happy to jump in there and perform another test flight for somebody given the opportunity, but at the same time, you know, there are other astronauts that we really need to make sure they have opportunities as well, and while we'd all like to fly all the missions ourselves, you
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really do need a diverse crowd of folks getting some opportunities so that we can share the experience and don't build automobiles, we build astronaut transportation vehicles that a lot of people can be comfortable in not just what bob would like. neil: let me ask you about that, because all of this occurs at a time when other nations are beef ing up their own space initiatives. china of course has been going like crazy and wants to build stations on the moon, its explored the far side of the moon, the united arab emirate ran and russia of course is beefing up its own presence here and abroad, i mean way outside this earth-moon trajectory to a far flung planet it is getting crowded and does some don't always come with peaceful intentions and do you worry about those exploring and those who might be doing something else? >> you know, as we go forward
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and continue this endeavor which is human space flight or space exploration, i think that it's really important to kind of maintain the edge, or maintain some position at the forefront of space exploration, or the kind of work that we do, and so i would worry if our nation wasn't among the mix or kind of leading the charge of building new vehicles. i think when we choose to not do those things, and allow other countries to continue to pursue them, that's when we get set backs both in space but kind of across-the-board technologically, and so i'm just proud to have been a part of building a new spacecraft, getting it into lower orbit and being a part of returning america to launching again from the florida coast and then coming home safely. neil: just amazing. you guys are a rare breed, a selfless bleed so none of you would ever become tv anchors you just don't have that in you, i guess, but really you made us all proud and i think i speak for an entire nation when i say
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you made us all very very envious as well. bob, thank you i'm glad you're back home with your wife and son all is safe, all is well, continued success. >> thank you, neil i appreciate it. it's a proud day for america. neil: yeah, indeed it was. that is an understatement, bob b ehnken, always so cool and always socal am it does go back to the greatness of our early days of our space program and it's back again isn't it? so are we, after this. introducing stocks by the slice from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today.
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neil: i think we're over this but for a 70th night of protest in portland things got a little out of hand and this as the city is saying that its got this under control, but again, you're hearing different things from those in city hall, and those on the police force, there, jonathan hunt has been following this very very closely
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and he had concerns about the this idea of local enforcement handling this , and they turned out to be justified, jonathan what's the latest? >> well we're now 17 nights into this as you mentioned, neil , 17 nights of protest that obviously began as a black lives matter outcry over the killing of george floyd but have now, according to portland's democratic mayor, completely lost sight of that cause. >> when you connect arson with an accelerant, in an attempt to burn down a building that is occupied by people that you have intentionally trapped inside, you are not demonstrating. you are attempting commit murder >> and protesters again tried to set fires near the east precinct of portland's police department last night and according to portland police threw rocks, bottles and other projectiles at officers. there was less violence than the night before police did not declare a riot, and did not
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deploy tear gas as they had wednesday night, just smoke grenades but portland's mayor a democrat has had enough and warned the protesters that they are simply helping president trump's re-election campaign. >> you're creating the b roll film that will be used in ads nationally to help donald trump during his campaign. you don't want to be part of that, then don't show up. >> reporter: thursday's protests are being promoted on social media by a group calling itself the pacific northwest youth liberation front, with the slogan, "no cops, no prisms, total abolition." now neil, mayor wheeler as you know had hoped the violence would dissipate after federal agents he claimed was causing the most intense clashes were largely withdrawn from portland streets last week but at this point, neil, that seems to
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have been at best wishful thinking. neil? neil: at best you're right jonathan thank you very very much let's see if we can avoid a 71st night of this but if jonathan is right it will continue unabated, and right now of course marco rubio, former communication manager back in 2016, alex, looking at this , and the inability of some of these mayors and governor in these states where this is going on to get a handle on it, it is out of control, so much so where the mayor is saying, you know, you keep this up you're only helping make ads essentially for the trump campaign what do you think about that? >> i think one lesson we've learned this summer is these mayors can't let this situation spiral out of control. as you know my hometown is minneapolis where all of this started earlier this summer and there was some really bad protests in minneapolis. unfortunately, the mayor there, the governor there, brought in state troopers and got it under
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control relatively quickly, however in portland, as reports just said we're spiraling into the third month of these protests and only getting worse and its become a regional problem and people are from all over the pacific northwest are flooding into portland to make trouble so i think it's very important that the mayor and the governor in oregon get on the same page, come up with a plan for how to tamp down these protests because they are just violent riots at this point and if they can't do it themselves then they need to call in the federal government to help in and help rather than pitting the government, the state and local government against the federal government, they may need the federal government to help out here. neil: well they're not at that stage yet in fact they've pushed a lot of these federal agents out in favor of more using police control, but as you point out looking at how it's going in portland, it's not working out too well. if you don't mind i'd like to switch gears a little bit with the biden campaign and where things are going and talk right now in order to pay for a lot of the spending the planning might pickup on a team of bernie
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sanders of billionaires tax that could net maybe half a trillion dollars going after really just 100 to 200 of the richest individuals in the country for jeff bezos it would mean a $48 billion tax and elon musk close to $30 billion tax tab. what do you make of that? >> well if the democrats win this fall, our taxes are going to go up. biden has already said he wants to raise taxes on corporations, he wants to raise taxes on the high income earners, so no i'm not surprised that some democrats like bernie sanders want to really go after the billionaires who of course make the easiest targets because most of us aren't billionaires so we think those sorts of taxes wouldn't impact us. of course raising taxes always has a negative impact on the economy, because it's less money for investors, entrepreneurs, business, to create jobs, and it's more money for government, which most oftentimes is the most in effective way of distributing
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money into the country. at least from a markets-based perspective and so look. i hope that we have a robust debate about taxes this fall and this is actually an area where president trump has an excellent story to tell, republicans have a good story to tell and it's a great contrast with the democrat s. i be shocked if biden conceded that he wanted to raise taxes on billionaires because they does not want to have a debate about taxes because he knows at the end of the day, trump's tax cuts , lowering taxes is popular. the best way you can get swing voters and get suburban voters to back trump this fall is by telling them that they're going to see their taxes go up if biden wins the presidency. neil: or if biden is in had it ed to corporations that got off scott free but you don't think that will register longer term, right? >> i just think that look we don't need more taxes. we have plenty of government revenue. what our problem is government spending and biden doesn't want to raise taxes to pay down the deficit or the debt.
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he wants to raise taxes so he can spend even more money. that's what they are debating right now should we spend 1 trillion or 3 trillion and so to the extent that they want to target billionaires look. even the richest hundred richest people in the world, the jeff bezos' they're not sitting on trillions of dollars to fund all this new spending. yes you could go after them and raise several billion dollars, hundreds of billions of dollars potentially but that's a drop in the bucket in terms of the overall fiscal problems that our country is facing long term in terms of these deficits and debt so no, i don't think that biden will want to go after the billionaires, because the math just doesn't add up and it opens the door to a much broader debate about taxes and whether or not we should be raising taxes in the middle of a recession. neil: yeah, you could tax that at 100% and up the 800 billion wouldn't cover the cost of the latest stimulus package at a min yum of a trillion dollars.
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thank you very very much. go ahead. >> thank you. neil: all right, thank you very very much. by the way as he and i were speaking wrapping things up, nancy pelosi is on the wires right now saying the two sides are still separated quite a bit, that they could see some progress that she's willing to go down $1 trillion from the roughly 3.5 trillion i think they're at right now even though she didn't talk about that higher figure but that's what it be. it be 2.5 trillion where republicans are at 1 trillion and she's also saying the republicans are doing a lot to short the stock market and that's probably good quoting here why can't they do as much for working families and her own impression of mark meadows of the white house chief of staff is that he is more rigid and non -compromising than steven mnuchin. so, there you have it. you don't have it, you don't have a deal, not yet. needles.
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neil: all right, now, ohio. >> governor: mike dewine testing negative for the coronavirus it caused nationwide concern when the governor had tested positive only hours before, he's apparently doing well. we don't know what caused the 180 on that, but we do know that that is obviously better news than the former prognosis so we wish him well. my next guest is all too familiar with this , anthony sha y of course is the home depot chairman and ceo but he too is recovering from covid-19. how long ago did you have this , and when did you find out? >> well, it started in late june and i was able to celebrate independence day on my back but it was a little scary, but thank
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goodness i got through it and i'm recovering, gaining strength every day. neil: i'm just curious, because i know people who have contract ed this or dealt with this and it sounds like everything is okay now, i'm happy to hear that but how did you know something was amiss or wrong? how did it hit you? >> you know, i really didn't. it didn't hit me real hard, neil , for the first couple three days something was off. i was actually on vacation with my family when it happened, and it really didn't take shape until i got home and then my body just gave out and it's just certainly different than what we usually feel when we have the flu. your body just gets weak, it just doesn't want to function and its been three and a half weeks since i'm recovering and it takes a long time for your body to come back.
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i'm generally in pretty good shape so this one really got my attention. neil: yeah, it stood out when i heard about it, anthony because you do take good care of yourself, so i thought in a way it was a reminder to folks just don't sluff this off to older people in horrible shape or who have all sorts of conditions who are getting this and trying to fight back on this. that's a good reminder. what do you tell folks now, who sort of say with these latest spikes, don't worry about it, it's not a big deal, what do you do, what do you say? >> well i think the phones that i've talked to, those that unfortunately had contracted the virus also, have very similar experiences as myself and that is it's very different from what you have accounted in the past which is the seasonal flu. it just takes away your energy and it takes away your bodily function, at least it is for me.
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i'm an avid runner and i'm still not able to run. my kids make fun of me right now because they're easily able to pass me. i feel fine. i feel good. i feel strong. this is a diet that i didn't sign up for but i'm able to eat what i want right now to gain some strength, but certainly, your muscular function as well as my focus, and what i do professionally, has also been somewhat affected as well. neil: i warned you a long time ago, all this running around taking care of yourself would come back to boomerang on you, but in all seriousness i'd like to touch on what you do focus on and that's what's going on in the mortgage arena, what's happening with interest rates at record lows and the back drop for this is indeed a covid-19 what you dealt with personally. do you see rates staying as low as they are and the housing and
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mortgage application booming business staying as strong as it is? >> neil we're witnessing a market like never before, so generally, when you have a refinance market, you have an economic slowdown. when you have an economic slow down, you usually have pretty soft housing situation. we are, right now, and the first time i've been in this business for well over three decades. you have booming in both markets and that's putting tremendous strain on the mortgage industry. you have a booming housing market and you have a booming refinance market and this is the largest refinance market we've ever seen in history. i've been letting everyone know the simple math and that is you have 11 trillion plus outstanding mortgages that are out there. the majority of the $11 trillion that are in the market today is what we call in the money, so if you refinance into today's interest rate, you're going to
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be able to save money one way or the other, so along with a booming housing market, along with low historical interest rates you have this never-seen before demand that we are experiencing in the industry today, so it is phenomenonal what is happening. we have 8,000 team members that are working from home, taking care of our customers every day. we are breaking records as a company each and every month trying to, as you'll recall, we started to higherly in the april of this year, once we got through the first 30 days of really the post-covid transition into working from home and we've been hiring at a massive pace this entire time. neil: wow. all right, continued luck there, continued luck with your personal health and then as i said just don't run as much, just start taking out maybe you can rebound, but i can't keep lecturing you on this stuff so hopefully it is the last time we
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have this conversation. appreciate it very very much. >> take care of yourself. neil: it's a pretty scary thing to go through and he went through it very very well. we're getting the latest certainly on the stimulus talks what there are of them right now and also the latest on a lot of anger after that explosion and guess who it's directed at after this. as a caricature artist, 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. ♪
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neil: after the explosion, the anger. the latest from beirut. hey, trey. reporter: the lebanese people are demanding answers to why there were thousands of tons of explosive material sitting in beirut's port for years. there are currently more than 300,000 people internally displaced as a result of the blast on tuesday and overnight we saw protests outside of lebanon's parliament building. tear gas was fired as a number of people called on lebanese president to resign. we will continue to follow this situation as it unfolds. neil: thank you very very much. i apologize for that condensed version. we are also getting word of more talks that could be scheduled on capitol hill regarding this stimulus measure here.
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nancy pelosi indicating there could be wiggle room from the $3.5 trillion that supposedly democrats didn't want to budge from. now it's down about $1 trillion. presumably that's $2.5 trillion. republicans didn't want it to be more than a trillion. they are still separated by $1.5 trillion. more after this. 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. we live in the mountains so i like to walk. i'm really busy in my life; i'm always doing something. i'm not a person that's going to sit too long. in the morning, i wake up and the first thing i do is go to my art studio. a couple came up and handed me a brochure on prevagen. i've been taking prevagen for about four years. i feel a little bit brighter and my mind just feels sharper. i would recommend it to anyone. it absolutely works. prevagen. healthier brain. better life.
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neil: all right. it's the better news we got on jobs this morning for the month of july, when we gained more than 1.7 million of them versus the roughly 1.4 they were expecting, and the 10.2% unemployment rate. is that the wind at republicans' back in terms of striking a deal or when it comes to stimulus, maybe not cobbling together as expensive a deal? chad pergram on all the fast-moving developments on capitol hill. reporter: well, those unemployment numbers certainly sparked a meeting here on capitol hill. we thought last night they would not have another negotiating session but right now, the secretary of the treasury is headed to capitol hill alongside white house chief of staff mark meadows to have yet another session with house speaker nancy pelosi and the senate minority leader chuck schumer. there's been a lot of consternation about the lack of progress in these talks. let's start with mark meadows.
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>> -- secretary mnuchin and i put forth on behalf of the president are significantly greater than the compromises that we saw from the other side of the negotiating table. reporter: the sides cannot even agree on what they disagreed on. republicans have angled for a bill costing about $1 trillion. democrats were locked in at $3.4 trillion but house speaker nancy pelosi says there's a bit of give on the democratic side. here is chuck schumer, the democratic leader. >> but their stance was disappointing. we asked them would you meet us in the middle and they said no, it has to be mostly in our direction. they were unwilling to meet in the middle. they said it mostly has to be their way and they admitted that. and that's what makes this so disappointing. reporter: with no deal, law makers worry about the economic consequences for their constituents and law makers won't return to washington until there's an agreement. >> -- our family farmers who work night and day battling the weather and low prices and
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chaotic trade policies and i talked to someone raising livestock who can't find a processer that they need right now to turn their -- no food for hungry families. reporter: in lieu of an agreement, the president is promising executive action. >> -- the preponderaart-time pr bluffing. since we can't get a deal with the other team right now he will take his executive authority to the fullest. reporter: as we said, they are meeting again right now on capitol hill. just a bit ago, house speaker nancy pelosi indicated she wanted $3.4 trillion but she was willing to come down to about $2 trillion, $2.4 trillion and she says mark meadows rejected that. neil? neil: all right. we will see what happens. chad, thank you very very much. before we had anthony shay here
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talking about what's happening in the mortgage arena, more businesses booming, a nice backdrop he says for the economy as a whole. take a look. do you see rates staying as low as they are and housing and mortgage applications boom staying as strong as it is? >> we are witnessing a market like never before. so generally when you have a refinance market, you have an economic slowdown. when you have an economic slowdown, you usually have pretty soft housing situation. we are right now in the first time i have been in this business for well over three decades, you have booming in both markets and that's putting tremendous strain on the mortgage industry. neil: so you have mortgages booming, you have the stock market pretty much booming itself and really not down that much today. charlie gasparino, normally that is good for the guy in the white
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house. to have that as the wind at his back. what do you think? charlie: i think it's going to be good. here's the thing. you just got to look at history. when you have the s&p where it is, rising, when you have an economy that is starting the grow again, obviously, given the unemployment rate, and talk about that in a minute, you know, usually it's good for the incumbent. the one thing i will say, donald trump walked into this with very, you know, massive handicaps, a pandemic, some of his own statements put him i think in a hole as well. he did not help his cause in a lot of ways just rhetorically over the last few months. that said, if you look at the realclear politics averages, joe biden even in the battleground states and overall, does not pierce 50%. that means that as bad as donald trump has performed, in the last three months, and just by
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rhetorically, not talking policy-wise, some of his policy was very good, rhetorically, he still has a shot at this. we haven't got to debates, we haven't even debated joe biden's running mate yet. it's either going to be -- i talked to democratic wall street people all the time, they say as axios first reported, it is kamala harris or susan rice. i was always reporting kamala harris is in the pole position for many months and i believe she still is, they were going to have a debate about a vice presidential candidate, whether that debate, whether that candidate should be president given joe biden's age and some other issues involving him, there's a lot to go here. you could see a scenario where it repeats with hillary clinton, not totally, but you know, joe biden does not have this won yet. one of the things i will tell you that the trump -- that the trump campaign and the white house has always wanted is they want that october unemployment print to be below 10% and we are
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heading in that direction. so you got to -- donald trump is not out of this, not by a long shot. and you know, we'll see what happens during the debates and they are going to be pretty key. you can see why joe biden doesn't want to debate. i mean, you know, it's just fascinating how he can't string together words in a coherent way sometimes. if you talk about donald trump's rhetorical gaffes, i mean, you know, this is like -- remember the old "mad" magazine comic "spy versus spy"? they are both shooting each other. you know what i'm saying? shooting themselves. neil: but he has agreed to debates. i think the vice president has agreed to debate. he just doesn't want an additional one. we will see. stringing words together, come on. i built a career on it. charlie: me, too. neil: sounds like you are being very mean. charlie: one thing about tiktok,
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president trump last night put out an executive order on tiktok. it's still very confusing. people still can't figure out what it really means. does it mean you have to erase it from your app? apple can't keep it on your app? does it mean no company can buy it after 45 days presumably if microsoft doesn't buy it? i'm talking to people in washington, on wall street, people who consult with both the white house and these companies, various companies involved in this tiktok and microsoft, there's a lot of confusion over just exactly what that executive order covers and we still can't -- no one else really knows what it means other than in 45 days, if microsoft doesn't buy it, you still might be able to keep on it your app. i mean, then what are we doing here? the one thing we do know -- neil: i would rush your dancing video in right now just in case. good to see you, my friend. charlie gasparino. charlie: he took off his investment banking fee. that's one thing that's not in
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the executive order. neil: you can think of that. think of that. thank you, buddy. good talking to you. let's talk about what's happening in new york, by the way. governor cuomo did announce druthers s acros acr his te coueld c seldrt sta arts as malnolyrm waloulyld wly i wnhe, tey rajutera ftetey. now, tnohow,se t are bro param s s ve d d d leave ea tely h hheowy t ahere going ak that fhey do d d virtually, remotely, in-person whathave a lasrasd thanhaha do alex hogan following all of this in york city. reporter: yes, as you mentioned, the governor announcing that schools can officially open come fall. they will have flexibility of what they need to do to make sure they stay safe, but the board of health will have to approve their plans. so far, 16% of districts have yet to even submit a plan. but four new york city schools and new york state schools to
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open, the infection rate needs to stay below 5% for seven days. if it ticks up to 9% schools have to shut back down. specifically in new york city, the nation's largest school district, the mayor says the infection rate can't pass 3%. cuomo today saying the numbers are down so districts have options. >> in-person, hybrid, outdoor education, remote education, a blend, half day, quarter day, third day, that is all up to their discretion. reporter: among the country's 25 largest school districts, 19 going virtual. two will see a blended hybrid. two districts giving families the option of all online or all in-person, with the remaining two still unclear on their decision. many catholic schools in major cities announcing they will
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reopen. >> -- continue to be extraordinarily precautious and safe but we got to get on with life and the best thing to bring us back to a sense of normalcy is to get our kids back in school. reporter: so all kids and teachers across new york, the state itself, will have to wear masks when they are back at school but each district will have to come up with proposals of what they plan to do about ventilation, what they plan to do about contact tracing, testing and of course, one big concern is what do you do about lunch? of course kids will need to take off their masks to eat and the governor says all of these need to be part of those proposals. neil? neil: that's right. when they get out, when the bell rings to switch classes, they are all crowding the hallways. lots of stuff to look at. thank you very very much. the very latest in new york city. i want to go to our top fbn guys on this. parents, both. what they make of it.
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lauren simonetti and connell mcshane of "after the bell" fame and much much more. as a mom of young kids, lauren, connell, yours are a little older, still, you are facing the same issue, how safe you feel returning them to school and doesn't matter what kind of school or what level, a lot of parents, it's a dicey time. for you, lauren, how do you play this? >> if my daughter's school opens, i'm sending her. the reason i'm sending her is because she's suffering being home. she's bored. she forgot how to play with kids. i feel like her learning as much as i try to work with her as declined. so that's our personal decision. if the school opens, we are in new jersey, we still don't have a decision yet, she will be going. neil: what about you, connell? how do you gauge what to do? depends of course on the college quite a bit. how do you play that? >> very similar.
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our children don't have any pre-existing conditions or anything like that, that would make them more vulnerable to the virus, nor do my wife or myself so i think the decision that lauren describes is kind of similar for us. we know the plans right now, i have two daughters in high school, one's in a public school that's fairly large school and they are going back in person, but only the way it averages out about a third of the time because they split it up into two cohorts so one day you go, one day you stay home, and the third day, nobody goes. so it only averages out to about a third of the time. it's one of the things to keep in mind when we talk about these reopening plans and that is in new york state, by the way, where you can reopen, as i said to you earlier in the show, a lot different than will you reopen and there still will be some economic risk in all of this because many parents now have to make plans because, you know, yeah, we can go back to school but if it's only once or twice a week, you still have to make plans for the other days and lot of people had that september 8th date i think after
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labor day circled on their calendar all right, let's get back to work, back to school and it's just not going to be that simple. neil: you know, we don't know how the school year will work out but we do know when people recongregate or get back, whether it's in sports, whatever, you do see a spike. it's inevitable. as moms and dads here, looking at this, lauren, obviously you have a lot of friends and family members you talk to about this, would they freak out if there is a spike in cases at your school or within your district and all right, that's it, kids are coming home, i'm not going to risk this? >> the answer is yes, they would freak out. the answer is yes, they have freaked out. i can't tell you how many stories where a group of parents got their kids together socially distanced, then you get a phone call saying i'm sorry, so and so tested positive and then every other family who is wearing masks and distanced from that family have to get saliva tests, parents and kids.
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it's a nightmare. if that happens in a school, it's a bumpy ride ahead. schools opening, reclosing. this isn't going to be an easy year for anybody. but i have to say, for parents who are working, who have the luxury of working from home, you have to figure out what exactly is my child care going to be. do i need someone full-time, do i need someone just part of the time. there are so many uncertainties and question marks about how this is all going to work. everyone's ripping their hair out. not to mention, if you raise your hand and say okay, let's set up a microschool or tutoring or a pod, you get criticized by other people saying well, you can afford that and so and so can't. so it's become a whole discussion that people are just really arguing about. neil: you know, on the college level, too, it's interesting, my son's college has delayed in-person classes, he will start virtually for about a month or so. my fear is that's how it starts, then it's delay, delay, delay. in a sense it's hard enough that
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their senior year was robbed and now there's the start of college, will be bumpy to put it mildly. i always try to tell these kids look at the bright side, you are living through history. they just want things to be normal. easier said than done, right? >> yeah. i know, naps a gothat's a good . we should try that. we are living through history. my son goes to college in upstate new york so he's the same way, they are going to be on virtual in the beginning of september and then in person on october 5th and at some point in between the start of the virtual learning and the in-person, they will move in because they don't want everybody moving in at once. you know, between the three of us, we have children at all different levels. you can see all the different responses and this is in an area, you know, generally speaking, the new york metropolitan area, where the virus levels have gone down, infection rates are very very low, and still the back-to-school process is not that simple. the third child, we have another daughter in high school, goes to a smaller private school and
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they can go back. they have the capacity to go back. but they have chosen in the first month not to. they will be all virtual for a month, then in the second month, october, you know, if we get that far and everything is going well, they are supposed to go back five days a week. there's all these different blended plans that make planning for the parents involved and especially for parents who don't have the same luxuries that we might or others might, as lauren said, it makes it even more difficult if you have to go to work in person. what do you do? neil: yeah. it's going to be a mess. guys, thank you both very very much. i did want to get that sort of personal twist on this, because obviously, our viewers know you professionally but you are also human beings dealing with this as parents. you have heard by now that 60 nfl players have opted, you know, if it's all the same, coach, we don't feel like playing this fall so we're not going to. now the nfl games are still on, but there is a trend right now and a growing concern that it could be off to a very bumpy start if it even sees a start at all. after this.
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ups now saying it will post hefty fees to large shippers during the holiday season, reflecting the complexity around the coronavirus. the fees could total as much as $3 a package for ground shipments and other lower priced shipping options, up to $4 a package for air shipments bound for residences. again, this is coming at a time when a lot of these guys are saying you're going to have to cough up more dough if you want to get that package from the north pole to someone's house. we will see how that fares. no reaction from the amazons and walmarts and some of the others who might be paying some of these fees but that's the latest read we've got on it. also, the very latest from professional football is that the nfl looks to have a season this fall, but without 60 players who have opted out and don't want to be part of it, citing concerns about the coronavirus and their vulnerability to it. former nfl great joins us, he's
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given back a great deal to those in and outside sports who have not been so fortunate. chris, good to have you back. first off, your thoughts on whether we will see a season. reason why i say that, i still have big doubts whether baseball will finish even its abbreviated season as various teams cite cases and try to move on, you know, through all of that. how optimistic are you that football will get off here? >> i remain optimistic and man, do we need it. sports is the great unifier. it's a time we can check out of reality for a little bit, cheer for our faefvorite teams and players. right now it seems to just be chugging along. we want it to happen so badly but it's just not there. football as in many sports, you live and die by a game plan, a playbook. there is no playbook. every business, every organization in the world has to come up with contingency plans and right now, there's no basis from which to build a playbook or game plan for the nfl. i think a lot of players are
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like hey, i don't want to put myself at risk, i'm going to back off. so far, 67 players, we don't really know where this is going to unfold. time will tell. neil: you know, as you know, uconn canceled its football season. when i talked to the coach about it, he said i didn't want to put the kids at risk, talking about the players. i didn't think it was a good idea. should the same be happening in professional sports, at the nfl level? >> i think at the professional level, you know, i do think the players should have some say in that game. they obviously work for their employers but this is part of the challenge and i talked to a bunch of players and friends who are coaches in the nfl and athletic trainers. it's the fear of the unknown that has everyone guessing so much. baseball, which players traditionally are a little more socially distant, is completely opposite of football. you've got high velocity impact
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stuff flying around all over the place. what type of equipment's going to be mandated. will everyone have to wear a face cover or mask. a lot of these things are still unfolding and i think that uncertainty is just trickling through all parts of the professional ranks. i don't know if every sport will be equal and you know, have similar issues but i certainly think football is, unfortunately, facing a challenge that may not be what everyone hopes to see. neil: all right. we will watch it closely. apologize for the abbreviated nature of this. we are getting more news out of washington on these stimulus talks. want to update you on that. the four principal players, white house chief of staff, mark meadows, treasury secretary steve mnuchin, chuck schumer, nancy pelosi are all supposed to be gathering in nancy pelosi's office. one last shot at this where nancy pelosi has budged off her originally higher figure for stimulus at around $3.5 trillion, now i'm told as chad pergram was reporting a little while ago, we are in roughly 2.5, 3 range.
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republicans did not want to push it over $1 trillion. now they feel they have some ammunition because the employment report was so much better than expected that maybe all that stimulus is already doing the trick. we'll see. after this. 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.
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neil: you know, when it comes to the coronavirus, sometimes we are so focused on the vaccines and therapies that we lose sight of the technology that is popping up all over the place to deal with the coronavirus. who knows that better than kurt knuttson, the cyberguy. there is a lot of neat stuff happening, huh? >> very true. covid tracking tech is evolving yet again. this version 2.0 swing app would essentially, it's essentially a whole new way of looking at the coronavirus using technology. virginia will be the first state this week to start using that
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apple google technology for tracking, then we have technology in asia that's really capturing our attention. take a look at what happens in singapore starting next week. step foot into singapore, city so clean it bans the sale of chewing gum. visitors will be digitally watched 24/7 by the government. after you have gathered your baggage, you will get tagged with a wearable tracking sensor. if you attempt to break free of that sensor or you tamper with it, you face up to a $10,000 fine and six months' jail time because the police will be summoned to your location. back here on u.s. soil, hospitals are beginning to test an app that they had originally started with. it's really cool. it's a tracking sensor they put on employee badges within the health care scenario to combat covid-19. swipe sense is the technology. we've got our eye on it here. it was implemented originally to monitor hand washing of doctors and nurses, then as the pandemic hit, administrators thought hey,
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we can use this with all the location beacons inside the hospital to track covid. so when a person in the hospital tests positive for covid, this swipe sense technology generates a map of dots, then they can see who's come in close proximity of that infection. guess what, it's working. so far, from the high in march of 17%, we are down to an infection rate in that setting of the hospital of 3600 employees testing this out, to just 1%. that is tracking technology that is working. now, sports fans may delight in this one. there is a glimmer of hope on the scene here. you know, nobody knows this technology better than frequent flyers like you. you head to the airport and you don't like the lines, you know what clear is. clear is a technology that uses biometrics such as scanning your retina or using your fingerprints to gain access to your tsa background and let you get through and sail through the
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airport much more quickly. it's also used in sports venues and the company is evolving. clear, which uses the same biometrics, is evolving to less of a touch to more of a touchless scenario using facial recognition and what will happen is it will store your ticket, it will store your health, it will take your temperature upon reaching a stadium, back when fans will be allowed back in there, and at the same time, this technology will simply let you come and go without touching a single thing and keep track of the fans that come into the stadium once that's allowed again. brilliant idea. the two areas you want to hang on to for watching is location tracking and the idea of using any of this facial recognition. facial recognition and location is what we've got our eye on moving forward. neil: it is a little bit orwellian but i guess in this
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day and age, to your point, it's the new world we live in, right? >> it's a new world and we've got the big brother aspect to this but right now, the fact that it's working a little bit has the eye there but we will swing back around and worry about our privacy i think next. neil: yeah. even big brother is using it on big brother. great stuff, as always. thank you very much. kurt knuttson, the cyberguy, follows all this stuff. he's on top of all this stuff simultaneously. i don't know how he does it. dr. philip chen joins us now. what's interesting about the doctor, what he looks at, is the way when you look at your own blood and purification technology in a way that helps combat the technology itself early on, from the most basic level. very good to have you back with us. i did want to touch, before we get into the details of that, what you make of the number of people who are testing positive for the virus, then in the case of the ohio governor, within
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hours, testing negative. i knew i was going to have you on today so i want to ask you about that. how does that happen and it happened so quickly, and could it indicate that maybe there are a lot of false positives out there that might be inflating the virus count? what do you think? >> well, it's a pleasure to be back. just to quickly remind your viewers what we do. our main product is a blood purification cartridge that treats deadly inflammation in life-threatening illnesses like covid-19 by removing inflammatory toxins from the blood that can kill you, often called the cytokine storm. it's made in new jersey by our company, is approved in the european union, distributed in 65 countries around the world and just hit a major milestone with more than 100,000 treatments delivered to date. so to your question about testing, i think that this is what we are seeing right now is a slight lull in the number of positive cases in the united
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states. we have kind of hit a plateau. we have actually been trending down. that's a function of the number of tests that are being done today but also, to your point, some of the validity of those tests. we have heard many cases where people have initially been testing negative despite having very solid symptoms of having coronavirus, yet only test later for having a positive antibody test. i think that's one of the weaknesses currently of the testing protocol despite having many tests out there, that there are not only just false positives but also false negatives as well. neil: interesting. doctor, on the blood purification efforts here, what percentage of covid-19 patients would this be beneficial for? in other words, those that carry something that could be lethal. explain how this would work. >> well, it's really intended for patients who are critically ill in the intensive care unit with high levels of inflammation. if you talk to physicians around
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the country and around the world, for that matter, they are using commonly used biomarkers, such as interluken-6 as measures of that level of inflammation. of course, it's people who have the highest levels of inflammation who are also infected, also have the worst disease. neil: all right. doctor, thank you very much. best of luck. continued good luck. you are hitting on something that goes way beyond obviously the coronavirus but the net result is something that could be very beneficial for a lot of people who need some hope. dr. philip khan of cytosorbents. we have more coming up, including the fallout from rather intemperate remarks from joe biden. they say he rarely comes out of his home to speak but when he does, it tends to boomerang on him. right now it's boomeranging. after this. what do you look for when you trade?
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what you all know but most people don't know, unlike the african-american community with notable exceptions, the latino community is incredibly diverse community with incredibly different attitudes about different things. neil: all right. well, the former vice president had to dial that statement back, tweeting out earlier, and i quote here, earlier today i made some comments about diversity in the african-american and latino communities that i want to clarify. no way did i mean to suggest the african-american community is a monolith, not by identity, not on issues, not at all. the president wasting very little time pouncing on these incredibly over the top remarks. the read right now from dow jones news wire's chief editor. glenn, this is the kind of stuff that happens in campaigns, but it does strike me as a pattern
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on the part of joe biden that maybe given his, you know, stay-at-home strategy, rarely come out, but when he does come out, usually passes along a doozy like this and then he has to dial it back. is this going to be more reason to sort of urge, democrats urge him, you know, stay at home, don't come out? what do you think? >> i think that it's really important for joe biden to be really careful about these kinds of gaffes. he counted on the black voters in america to get him through the primaries and he can't take that vote for granted. he needs both of these constituencies in order to win an election, both the latino community and the black community. so he can't afford to alienate them. i was going to put that context in our recent wsj/nbc poll showing while there was an 11 percentage point gap with biden being ahead of trump by that
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many points in the poll, there's 13% of the voters said they hadn't made up their mind about either candidate. so any wiggle room in there could close that gap. neil: i wonder, you know, the trump forces claim that biden doesn't get a fraction of the press, you know, heat that he does, and that comments like these that go largely ignored, save some angry conservative outlets, i think it's been a little more than a couple of conservative outlets, don't get nearly the play, and that's not fair. what do you make of that? >> well, you know, the president has been trying very hard to make sure that he is building up his appeal among black voters and latino voters and so i think he's trying to make that point that you know, why is it the assumption that joe biden gets that vote and you know, because you know, a lot of the polls do show that as being the case but he has been making efforts, making outreach and perhaps
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making some gains. neil: he and the democrat nominee traditionally does enjoy overwhelming support in the african-american community. it's not so overwhelming in the latino community. was that the point he was trying to make and did he actually make things worse by addressing it? >> yeah, if you are referring to bid biden, i think he was definitely trying to build up his latino support because that is significantly lower, as you say, than his support among the black voting community. i think he was trying to help, you know, that part of the constituency that he needs to win over but he did it at the expense of the black community that he just can't afford to take for granted. that's a big challenge. when you look back to, you know, hillary clinton and her presidential election, she didn't bring out the kinds of black voters that barack obama did, and that was a big reason for her failure to get, you know, through the election process. neil: very good point.
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thank you. dow jones news wire chief editor, much much more. when we come back, we will be focusing on electric vehicles. they are a big draw, of course. elon musk is the poster child for all things sexy when it comes to electric cars, right? but a lot of various players are coming into this business. in fact, they are storming it. an odd character in this field after this. it's easy to get lost in the economic uncertainty. the volatility. the ambiguity. the moment calls for more. and northern trust delivers more. with specialized expertise. proven strategies rooted in data and analytics... and insights borne from over 130 years of successfully navigating economic turbulence. giving you clarity. inspiring confidence. and helping you uncover new paths forward. northern trust. wealth management.
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neil: so why should tesla have all the electric vehicle fun? volvo is advancing in this and audi and now general motors with an electric cadillac that's getting noticed around the world. grady trimble with the latest on that. hey, grady. reporter: hey, neil. we've learned it's coming for awhile now and now we get to see exactly what the cadillac lyriq looks like, the first ever all electric vehicle for cadillac as a brand and now the second all electric vehicle for general motors, as a company. take a look at it. unlike the chevy volt, this is clearly a vehicle designed to compete with the likes of tesla. it's sleek, it's a luxury crossover suv. seats five people and has a lot of the features that people have known to love with tesla. gm says the battery range, very important, little more than 300
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miles. that is comparable to tesla's model x, which is the suv version, from that company. pricing hasn't been released yet but an exec for general motors says it will be under $75,000 which is very important because that's less than the starting price of the model x and little bit more than the mustang mach-e that ford unveiled last year. we talked to general motors president of north america about why it's starting to push the gas pedal into electric, specifically with its luxury brand, cadillac. >> it seems like a good place to focus in terms of driving adoption so we can get more on the road and people can become more familiar. comfortable to the point that it becomes a choice for them. reporter: shares of the newer all electric companies have been surging even during the pandemic. that is not the same for general motors and the other legacy detroit auto makers. they are hoping to get a slice
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of the action here. general motors has made it clear it is pushing hard into what its ceo, mary barra, calls an all electric future. the company planning to unveil 20 all electric models by 2023. it's also investing heavily in infrastructure. what's an electric car without electric charging stations? just last week, gm announced it's adding 2700 charging stations across the country over the next five years. there's even talk that general motors might spin off its electric branch into its own company to try to get a slice of this action. these companies like tesla, nikola, all of the newer ev startups, shares have been surging. gm wants a slice of that and it hasn't ruled out the possibility of a spinoff to do that. neil? neil: the demand is there, i guess. thank you, grady, very much. grady trimble following all of that. in the meantime, have you ever seen these, i guess they're covid-killing robots that go around, they go zap with
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ultraviolet light, anything that might hint of coronavirus or anything else that might be bad? the world's first residential building, these are very impressive buildings, is going to be using this right now. the paramount miami world center ceo and developer joins us, daniel, how will this work? will this be for the entire facility? how will you utilize it? >> look, we are going to start zapping viruses. this is the world we live in today. yes, look, miami was a predominantly hot real estate market. we saw an uptick right after the shelter in place and now, you know, we became a bit of a hot spot for covid although it is starting to dwindle. but we had to react to it. so we work with this group called light stripe. this is a great robot. we put the robot in the room. in two minutes it pretty much zaps, kills everything in it. it has a 99.99% effective rate. in essence, kills everything in the room, kills bacteria, kills
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viruses. it's been proven to kill covid-19. we are using it throughout our public areas, you know, through the amenities, our gyms, spas and so forth. neil: you are surrounded by very nice, very elegant buildings in that area. that's a big draw for a lot of people. a global destination. this is a distinction for you and i'm wondering if people are responding to that and whether you are afraid some of your competitors will say wow, we need these covid-19-killing things as well. >> well, we like to be technologically advanced compared to our competition. that is a bit of a competitive market but our building is probably the most -- is the most amenetized building in the u.s. we have over 46 different amenities. going in there and you know, confirming that there's cleanliness in the building, we have great cleaning protocol but it's been proven even with
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cleaning, it doesn't capture, doesn't get all the bacteria, doesn't kill all the viruses. this was really a great solution. it's for our residents, future residents that want to come live in paramount, come move to miami. we have seen an influx since covid-19, we have seen a lot of people from the north talking about moving down to florida. you know, florida has become a hot market. single family homes in florida, we have seen kind of a robust demand. in condos as well. so it's important to make sure that, you know, we're staying firm to, you know, keeping our spaces clean and adequate. neil: how often would you use a robot? do you tell those who might buy in your building all right, we are going to do this every month, every six months? what do you tell them? >> no, it's a daily activity. we -- i mean, people, imagine someone going to the gym, right? they want to know the next day, you come in in that morning in the gym, you want to know that
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night that gym was zapped and ready for working out. it only takes two minutes. you bring the robot in there, you know, once you have the machine in your building, it's just a matter of moving it from space to space. it's two minutes in every space. in a matter of an hour, you could pretty much capture most of the building. neil: wow. wild stuff. daniel, thank you very much, daniel kodsi, taking advantage of this at a time when a lot of people are leery of this. this is a selling point in a region that really doesn't need them, despite the spike in cases we saw in southern florida, seems to have stabilized somewhat. hope springs eternal that this on top of it will close the deal. we shall see. more after this. 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.
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neil: all right, is dr. fauci being a party pooper, he's speaking at a symposium right now at which he talks about the possibility of a vaccine and welcomes it and he says it's likely to be 60% effective so you really can't abandoned public health measures it's a brown university symposium more like a webinar he is offering his two cents so again just a reminder because it is a vaccine it isn't the end all be all just trying to reminds you the obvious also getting updates on the situation with governor mike dewine of ohio. remember yesterday at this time a lot of people were very nervous because he just tested positive for the coronavirus. now he's tested negative and now he wants to talk about it on my
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show at 4:00 p.m. eastern time on your world, its been a remarkable trajectory for him, democrats and republicans praise how he got prepared for this virus and now unwinding from that virus including him, now to my buddy charles payne. hey, charles. charles: hey, neil thank you very much look forward to that interview in the meantime folks good afternoon. i'm charles payne, this is " making money" a stronger than anticipated jobs report, much stronger than expected earnings and other signs pointing to a v- shaped recovery that's still possibly intact but investors will be grappling for the next big catalyst i've got brilliant guests that will have answers for you plus president trump continues to pushback on our decades-long uneven economic relationship with china, and now it's the battle for cyber sovereignty we're going to take a team dive and we've got winner s and losers today in how today's winner is blazing a trail for all black military service members. breaking news on that and so mu
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