those plans, that will destroy the foundation of what has made this country great all these many years. stuart: as usual, sean, i agree 100%. thank you very much for being on the show. "live free or die." i will read it. thanks. time's up. 12 noon. that means it is neil's turn. neil, it is yours. neil: thank you, stuart, very, very much. we have the dow moving nicely. the s&p within a percent after record. the dow with its gains, not too far, five or 6%. nasdaq is having a tough day because technology is having a tough day. we'll crisscross the country what is happening, particularly in florida schools are beginning to reopen. it is not a smooth process. we'll leave it at that. seattle looking at police cuts and maybe substantial funding efforts gaining ahead of steam. police union members are not keen about it. chicago's not so magnificent

mile. vandalization, high crime, 100 arrested, 13 officers injured. i don't know where to start on this one but we'll be covering it. because there are ramifications for the rest of the country and maybe the presidential race. meantime, focusing at the corner of wall and broad, with the dow up 300 points. a lot is on optimism that despite the back and forth nastiness between democrats and republicans on the president's executive orders here, to go ahead and provide stimulus himself because congress was unable to do it, there is optimism that some deal will ultimately struck. it moo be ultimately close to what the president wants, there are nagging issues is it constitutionsame issues come up when republicans were saying that to barack obama when he was looking at a payroll tax cut there is a long history to presidents taking these payroll tax cuts to the executive level. president george w. bush implemented one with much democratic, you know

complaining. again i mentioned about president obama. so there is a history to all of this. maybe it's a little bit of political back and forth here, kabuki theater, what every you want to describe it as. chad pergram is following this closely. secretary mnuchin said we can work a deal ourselves. these are the parameters. where are we on this? >> it is hard to believe they wouldn't do another bill at some point later this month, be it that song in "hamilton" the room where it happened. this is the room where it didn't happen on capitol hill. democrats are dubious what the president is trying to do with the executive action, three memoranda, one executive order. article i, section 9 of the constitution, congress controls the power of the purse. here is house speaker nancy pelosi. >> the president's meager, weak

and unconstitutional actions further demand that we have an agreement and any constitutional is a separate issue. reporter: even if the president can do it, it is unclear what the impact will be. unemployment benefits from extra $600 to $400 a week with states chipping in $100. some states say the budgets are so strapped they can't cough up the aid. democrats want extension of benefits a lower number. >> if the democrats wants to challenge us in court and hold up unemployment benefits to the hard-working americans out after job because of covid they will have a lot of explaining to do. reporter: president trump is now on a pace to match president obama with similar number of executive orders and memoranda. republicans didn't like president obama's executive orders but appear to give president trauma more leeway.

>> constitutional authority says everything is supposed to originate in the legislature for spending, that is for sure but congress delegated this stuff, in might have opinion ridiculously overly broad. so i want to see what he is going to do with this. reporter: not all republican embrace the executive actions. gop senator nebraska ben sasse, the pen and phone theory of executive law making is unconstitutional slop. under the couldtution that nower belongs to the american people acting through their members of congress. here in the past two hours president sent a tweet, calling ben sasse a r.i.n.o. they just don't have the votes in the house and senate to move the bill, neil. some democrats and republicans are saying privately they are glad to let the president step in the void. they can't seem to get a deal or legislate. so they are breathing a sigh of relief. neil. neil: chad pergram, thank you very much. this is easier saved and done for companies to implement. we'll talk to a top corporate

expert how cops would have company would have to implement on their own. doling money out it will eventually have to be repaid. that is coming up later. focusing on a sudden surge of cases of kids getting coronavirus passing it along that is something you don't want to see in states like florida which have unusually high number of kids getting tested for the virus in a positive sense here. all of this as florida is slowly but surely trying to reopen its schools this week. again, easier said than done. bryan llenas following it all very closely in cooper city, that. bryan, how is it looking there? reporter: neil, four counties opened schools in florida by the way is a patchwork how different counties have different rules how they're reopening. in orange county, the largest county in central florida they are reopening virtually. baker county which opened today is opening to in person, a much

smaller county. i'm at renaissance charter school in broward county which isn't opening until next week. broward county schools all virtual. renaissance charter is part of charter school usa. they have about 100 schools in five states. they're doing something using new technology. this is called the l. there is 360 camera on top. audibly sensitive cameras all around. what it does is, it seamlessly follows the teacher as i'm giving a lesson so that the people and students at home can see a 360-degree view of the classroom as well as the teacher as they're speaking. so if i come over to the light board, i will say this. this is what they're calling the mobile classroom. they say that it is one of those things that is hybrid, which means that the technology is allowing folks to be able to, these teachers to teach students in the classroom while also teaching kids virtually at the same time. >> students need each other.

when we can't physically do that, we can virtually do that. but this does it in a better way. this doesn't mean teacher sitting at home, student sitting at home. this means a teacher in classroom. maybe some students come back, now the rates are down and they're in the classroom but some haven't. now all the kids can experience the same classroom. reporter: so a lot of this virtual learning has been static, right you? look at a screen. now you can raise your happened as a student, ask a question. everybody at home can see it. everybody that is at home can see their classmates. it is part of this new emerges that they're hoping that they will implement at these charter schools. gene alonzo is a math teacher here. talk to me about the psychology, how does it affect kids to see the classmates. i'm sure it does make a difference? >> it makes a difference. social emotional learning we're trying to tap into is what is needed. academically you can reach kids

on a zoom call. they engage so much more when they see the classrooms and see the classmates on a screen. reporter: got it. thank you so much, jeanne. i appreciate it. neil, back to you. neil: that is really interesting, bryan. off to a good start. we'll see how that continues. we did get word over the weekend right now the number of kids contracting this virus has taken a sharp spike upwards. a 40% increase. nearly 100,000 children, i believe just shy of 98,000 testing positive for covid-19. and florida is among three states where the cases are particularly pronounced. california, arizona being the others. let's get the read up from senator john hoeven of north dakota whether he is concerned about that. senator, this has been long thought to be not an issue when it comes to kids. now signs, maybe that's wrong. are you worried? >> well, of course we have to be concerned but again we need to

move forward with flexibility and i think that's what you're seeing n our state we have what's called smart restart and the governor and the state superintendent of schools have led in that. what they do then is they give the school districts flexibility in terms of how they start up both within school, versus also using the virtual. and they have kind of a green, yellow, red system, which dictates whether you're full in school or you're doing more virtual. neil: let's talk a little bit about what the president wants to do to deal with the virus to provide stimulus help. he mad to move on his own because democrats and republicans couldn't cobble together a deal. do you think it is still possible a deal could be had to circumvent what the president's trying to do or maybe force their hand to do? >> i do, neil. i think in fact his executive orders have helped force the democrats hands.

what you've seen from senator schumer and speaker pelosi they're saying all or nothing, north of $3 trillion. really refusing to negotiate in a way that would get us to a deal. i think these executive orders really force them to come back to the table or to try to stop the aid that president trump and republicans in the senate and house are trying to get out to people right now. neil: you know the president wants to continue con providing unemployment benefits to the end. year. cut them down from the $400 a week from 600 now, but requiring states to kick in a quarter or $100 of. that do you think north dakota can do that? >> i think a lot of states like north dakota will be able to do that. remember we sent out $150 billion in the coronavirus relief fund that states have and some of them have been using

that money. in there ui, unemployment insurance fund. i know in north dakota that we put a substantial amount of money in the ui fund so they will be able to, use some of the federal monies they got under the cares act for that 100-dollar match in providing that additional 400-dollar benefit. remember that is on top of the existing ui benefit. this is not about only getting people back to work but making sure that those aren't able to go back to their jobs get help but don't do it in a way that disincentivizes work. neil: maybe it is just political nature of this. there are a lot of the, you know democrats saying that the president shouldn't do this, that this is, he is usurping the role, for example, of you know, what the congress typically does. by that the payroll tax cut comes to mind. i know you had just come to the senate after serving 10 years as

governor when barack obama did that, forced the payroll tax cut that earned the wrath of republicans saying he overstepped his bounds. do you think the president, this president has overstepped his bounds doing exactly what barack obama did in 2012? >> well, neil, it is interesting, as you said when president obama did it or when he issued his eos on obamacare and so own, so forth, democrats said that's just fine. now they're saying no, he shouldn't be doing it. but remember what the president is trying to do is to get help to people and get the economy going and you've seen some of the stats. we talked about them before on the macro economy. so he is trying to make sure that we keep the economy going, and really force the democrats to come back to the table. that is what they should do. because remember, in the heals act we put forward we didn't go with a payroll tax holiday. what we went with was actually targeted relief for those that

need it, similar to what we had in the cares act. that is what we should be doing. democrats need to join us to make that happen. neil: but democrats can't point to you and your colleagues when barack obama was president being steadfast against this when in fact it is almost the exact same thing? >> well i understand but doesn't that make the point that we should come together now in the senate and in the house and do what congress is supposed to do and address this in a targeted way that helps people and respects, not only the integrity of our trust funds and all of those kind of things but also respects the fact that these are taxpayer dollars and we need to be careful in how much we spent, even as we work to fight the covid-19. neil: senator, thank you very, very much, senator john hoeven of the beautiful state of north dakota. we'll see how it all sorts out. maybe he's right they can find a way to work together to make these issues a moot point or the

executive actions the president implemented here to force the point. so we'll see. joins us right now a business law attorney. another issue that comes up companies have to be the ones that implement these moves, right? it will be kind of dicey because they're targeted for those earning less than 104,000. then you have to make sure you get this money out there. a lot of companies are very, very concerned about if they do put that money out and this is only a temporary measure, they have to pay that money back. seth, maybe you help me with this, that sounds to me like a bureaucratic mess. how do these companies do it? >> good afternoon, neil, and you're absolutely right. this is an instance where the president's heart was absolutely in the right place but it creates more questions than answers this is really a burden that falls on the back of the companies. america's employers want to get back to work. they want to get money back in the hands of the employees, but

the problem as it relateds to the executive order for the payroll tax, there is a lack of clarity. businesses will really be in a tough spot. put aside legally the question of constitutional which in of itself a sticky widget. if you go by that, you take a look at the pratt call elements at the end of the day the employer is always the party that is responsible for paying the payroll tax. while some have suggested that if the employee ultimately doesn't pay it back at the end of the year, that the employer can do a clawback. they can't do that either. that is violation of just about every state law from coast to coast under wage statute. when you're talking about actually plugging this in and starting the engine it is really tricky. neil: so what's to stop some company saying look, this was done under non-traditional means. we commend the president trying to move the ball but we feel very uncomfortable following a

executive edict which has not the blessing of congress which normally has the power of the purse string so we'll not do it. what punishment do they have implementing that or to the point, not implementing that? >> that is a great question. companies are at risk right now. if they don't simply mint the executive order they will get blow back from washington, the president will say he is pretty clear. on the other hand we talked about it it's a little dem ma for the employers. at the end. day i think they will either step aside from the order and not follow it or they will just accrue the money and pay later f you take a look back at the last time that washington did this where they actually enacted a temporary payroll tax cut that was agreed upon by law, it was done in 2010 when president obama and the congress was actually able to work together. at that point companies were required to follow federal law. as your guest noted previously

the president doesn't have the power to enact law. along the lines of what the senator said, if washington really wants to step in to help employers and employees, frankly i think they should go in and enact a liability shield. that is something they should do right now t wouldn't involve promulgating any kind of disbursement of additional funds t would not only help corporate america but schools as well. it is a problem. washington still has a lot of work to do. hopefully they will be able to find a solution and hopefully a liability shield will be a component of that. neil: that's very interesting. you're right if they were able to move together on this they could make a moot point of the constitutionality and all that but we'll see. seth, thank you very much. there is also something, seth touched on it here, that these measures and concerns that companies have about having to pay this money back, the president already hinted down the road he could say, you don't have to pay it back.

this measure ends here and there. but that is assuming, he is assuming he is reelected. that would be something that he would take up after the election, thereby putting pressure on joe biden to say if you are elected and this goes into force are you going to force individuals and companies to give it back? you can see how this gets murkier and murkier. by the way talking about something getting messier and messier? remember it was just microsoft kicking tiktok's tires. got some company, very rich company and companies. ♪

♪. neil: you know knowing i was going to go to my buddy charlie gasparino to talk about tiktok i wanted to do my homework. you have to be ready with charlie. you have to be well-prepared. i locked in the tiktok app, you know, charlie. this thing is great. some of the videos are hysterical. one comedian lip syncs the president, she is hysterical. this is great stuff.

i wanted you to be socially hip with this i'm hip now with it. i think we should tread carefully here. that's all i'm saying. >> i think sew too. i think it is fascinating neil, that you downloaded tiktok on your apple, on your devices. that to me, that is a cultural moment here. another cultural moment as you know will be if tiktok is actually purchased by microsoft or somebody else. it is getting a little confusing and almost as if it's everybody in the pool at this point expressing some interest in it. neil: right. >> in the past we talked about facebook looking at it, going gell looking at it. apple said it is not interested but i'm pretty sure they looked at it. over the weekend "the wall street journal" reported that twitter what they described long shot preliminary discussions. i think that, that's true although i think it's highly unlikely that twitter can actually pull it off being its

size small, given cash on hand. the best company able to do this is microsoft. just because they're big, they're not in social media, really. so they don't have an antitrust concern. they have $136 billion in cash and cash equivalents on hand. that could pay for tiktok u.s. and a little more which will probably go 50 or 60 billion all told but that said there are other potential bidders involved. here's the fascinating thing, neil. we were able to report over the weekend and confirm that blackstone, the big private equity firm had expressed interest, particularly early on, joining microsoft in its bid for tiktok. that they were seriously looking at it early on. we're told some of the interest has dimmed. it's not totally said no to a possible investment but blackstone clearly looked at it very closely at first.

like i said, i hear the interest has dimmed recently. one of the problems i think blackstone has quite frankly, you know, if you buy just tiktok u.s., can it compete globally? bytedance which is the owner of tiktok, the chinese company which the trump administration believes shares user data with the chinese government for surveillance purposes, again no evidence of that but that's the prevailing wisdom out there bytedance would theoretically hold the rest of tiktok which would be 700 million users since it is 800 million, has 800 million monthly users and 100 of them are in the u.s. so other potential investors, this again, possibly the microsoft group, general atlantic group, big private equity firm, sequoia capital also kicking the tires. they may be in it. we were able to confirm over the weekend. i think the journal came out with sequoia after ours. it is interesting. it could be everybody in the

pool. again, neil, this is the sixth inning, it is not a deal until you see the deal. even if microsoft does it, they have the cash and know how to do it, it is very difficult to pull off. they have to prove to the trump administration, they have it locked down, no chinese fingerprints this is a big undertaking this will be a capital investment even above 50 or so billion they paid for it. neil, back to you. neil: real quickly, charlie. i know china, get the snooping fierce, all that, having surveyed the site, looking at some more of the popular videos on that site, like sarah cooper, this comedian who lip syncs the president to a t, off the charts hysterical. there are many more that zing the president. they take their turns, but there is a lot that zings the president, i'm wondering just

me, throwing it out there, whether that is part of the rage, the white house, particularly this president has against tiktok? >> i have, to be honest i have seen no evidence that is really where the rage is coming from, and i'll tell you why, neil. some of the sort of concern about tiktok, i'm not saying there is evidence to this but i know the concern is bipartisan. joe biden has said he didn't want his staff to be on tiktok. so you know, chuck schumer has been out there. neil: right, right. >> talking about the problems with it. we don't know. i will tell you that the tiktok people tell us there is no truth to this. tiktok is run by a guy named kevin mahr, former disney executive. he is about as american as they come i guess you could say. you know, what they tell you is that kevin mahr would be part of a conspiracy to steal user data?

that is their side of the story. stuart: knowingly, you could be unaware it is going on. >> that is true. neil: if you look at this, there are a lot of little zingers in there. for all we know you and i could be getting zinged on the site. it is pretty pervasive. it is pretty per vase sieve. charlie, thank you very much. while you were doing that report i was lip syncing you. that is what i do. we have lot more coming up. dow is inmuching closer to record territory. s&p just about touching a record. nasdaq not so much but off its lows. stay with us. ♪ some companies still have hr stuck between employees and their data.

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♪. neil: man, oh, man, what is happening to our big cities? you heard about riots, demonstrations over the weekend in chicago got pretty violent. 13 officers were injured.

see it play out in seattle, new york, right now, seems a regular event crime is so out of control. homicides are up over 118% just since the pandemic began. i could go on and on but why bother. at this point it is so out of control that they're at a loss how to fix it in the big apple. but right now given the fact so few are willing to go back into the big apple, they got to do something. aishah hasnie following it closely in new york city. ashiah, what a mess? reporter: you know that slowing again i love new york, you always see on the mugs and t-shirts? you might not add so much. tens of thousands of people leaving the city because of the pandemic. now we're hearing stories, people are fleeing because they don't feel safe in the city anymore and they may never come back and it has to do with crime. we saw that uptick in gun violence over the summer.

shootings up 177% this july compared to last july. then we saw people doing drugs in broad daylight in midtown using needles on the sidewalks. now complaints are mounting over the city housing hundreds of homeless, drug addicts, sex offenders in three upper ses side hotels. residents say they weren't told about it. some want to stay. they want to fight back. others are getting out of dodge. >> i'm actually to looking to move out of the city of new york hopefully next year. i can't see living here under these conditions where i'm afraid to walk out and go to the store shopping for groceries. >> i'm saying for now. i have an apartment here. i just can't get rid of it. >> if my wife let me out of the city i would be gone. reporter: mayor bill de blasio is hopeful new anti-crime strategies will turn things around. as for anyone leaving, he said, they will be replaced. >> i am not going to beg anybody

to live in the greatest city in the world. there are plenty of people who want to live in new york city. there are plenty of people who comb here come here no matter what. this crisis will be over soon. reporter: the mayor may not be begging but the governor is beg. even joking he has been bribing his friends to come back to manhattan with free drinks, free dinners. he says, they're not come back anytime soon. a lot of new yorkers say it doesn't look the same t doesn't feel the same anymore. neil? neil: makes sense. forget about begging them, you know, right now he is chasing them away if this keeps up. ashiah thank you very, very much. left's go to jason rantz. he has seen this up close and personal in cities like seattle. the effort is still going on. they're not quitting to try to defund the police department. the police chief is at

loggerheads with the mayor and loggerheads with the governor, back and forth. it is happening, playing out across the country. jason, i used to think whether they first proposed this, it is going nowhere, upwards of 350% in the budget the council spearheading whether seattle residents like it or not. what's going on? >> very clearly seattle residents don't like it. three polls were taken in the last 10 days and they overwhelmingly say no to the 50% defund plan for the council. later today they will vote on a plan almost immediately fire, lay off 100 officers. talking about school resource officers, s.w.a.t. team members, something called the navigation team would be gone completely. the navigation team is specialized group of law enforcement officials and social workers that go into the homeless communities to try to connect people living on the streets with shelter would be going away. this comes a day after a rather large rally pro police rally

yesterday outside of seattle city hall where every thousand people showed up to say stop attacking our police officers. neil: i'm wondering how are seattle residents feeling about all of this? like they have no control or input over what this council is doing, pretty cavalierly. i'm not saying good or bad but you should really kind of bounce it off residents, right? >> you should and they chose not to. now part of it is because we're in a pandemic, people can't exactly show up to city hall during a coins sill meeting being done on zoom. instead what is happening is, you have got council members not responding to emails coming in. not responding to phone calls of residents complain about the direct. while we're being ignored, while the pro-police crowd is being ignored, you have an testify fa agitators, protesters literally committing acts of vandalism. last night they marauded through the city of seattle going after

businesses. they're the ones get listened, rewarded. maybe the fact they also show up to councilmembers homes and mayor's home, trying to put pressure on them in that way which i think goes a little bit too far, some of them at least one councilmember, there was a threat of physical violence if they don't end up voting with them. we can't allow for that to happen in a civilized society. neil: all right. keep updating me. every time you do, jason, it gets more surreal bit appearance. doesn't mean we don't love having you on any less. thank you, jason rantz show is big pulse of what is going on there. makes you wonder whether the pulse is operating there. meanwhile we'll be hearing sometime this week about who joe biden ultimately has chosen as his running mate. we're told he already made the decision. no it is not peter doocy but we do know that run-in with the former vice president on a bike no less has some people spinning

about how he can't win on this one. we'll explain. ♪. 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.

neil: all right, this is the week we should know who joe biden has picked as his vice-presidential running mate. indications he already made up his mind. the world popular consensus wisdom, always dangerous is that it is between kamala harris, the california democratic senator, former presidential candidate and susan rice, former barack obama advisor. no way of knowing until joe biden lets the world know. scott bolden, former democratic party chairman.

>> good to see you, neil. neil: thank you, my friend. you as well. there is a campaign already to, you know, discredit or leap on those final choices but particularly kamala harris. along comes willie brown, the former san francisco mayor who dated kamala harris some years back said, he thinks she should turn it down if offered saying the economy will be so lousy, it will be a bumpy time, there is no upside for her taking that job. what did you think of that? >> well i think this is all about political calculations and willie brown is one of the best at political calculations. that is the first thing. second of all, i don't disagree with his concepts and his precepts because george bush is the only one in recent history who was a vice president who went on to be president. we know kamala harris wants to be president or more impactful? if she does, you follow willie brown's analysis, ask to be attorney general. you can do police reform. you can do corporate stuff.

neil: right. >> you can have real impact on civil rights and human rights and really impact the democratic principles that the administration would follow but be separate and independent whereby you can run on a record despite the bad economy, despite what happens after biden's term is up. so, that has got some meat to you if you will, but it is up to how you calculate what your political future should be and really what she wants it to be. neil: yeah, i hear you. another thing that's come up in this discussion, i guess the first rule of thumb when picking a running mate is do no harm whether republican or democratic candidate. >> right. neil: looking for that running mate. there is also a benefit with these two names being mentioned, kamala harris, susan rice, they have been fully vetted, well own the national stage for some time. so there is a little bit more risk going to someone who is not. do you buy that? >> i think there is all kinds of

risk. for example with susan, her lack of political campaign experience is a risk. those who have not been fully vetted, i guarranty you, the gop is going to fully vet them but the other group to look out for, those who are now talked about, like congresswoman demings for example. i think those are dark horses, forgive the term, dark horses in all of this whereby biden could surprise all of us. there is no better vice president out there than joe biden and no better presidential candidate to be able to pick his vice president but him. so he is a real expert in this. he wants somebody to model his behavior during the barack administration. so we'll just have to see but would i keep an eye on the governor of michigan, congresswoman demings and others, seems susan rice, kamala harris, their forces are fighting one another to get the attention of the administration.

that is never good, if you will. the real question for kamala harris, can she play the number two role? she obviously brings a lot to the table but vice presidents don't win presidential elections sew we'll just have to see. can she play number two and play it well? neil: you know joe biden has been doing this sort of "whack-a-mole" type of series of appearances that are limited, comes out of the bunker, addressing the nation, says something. every time i see him, scott, i'm not saying anything personal here, i find he is clumsy, sometimes his oratory is stumbling a little bit. i'm not saying you have to be mensa material or jfk or ronald reagan, i am saying though that are democrats concerned about that? that that might show up in a debate? that might, that might hurt him in the debate and that whatever poll gains he has are potentially limited? >> nobody likes the gaffs for sure especially when he is

making gaffs in regard to a constituent like african-americans that only baked in. neil: right, right. >> will take a lot, a lot to take that vote away from biden. it just makes you cringe. that is the first thing. second of all you can prep, prep, and overprep for a debate and those gaffs are going to be there. but let me tell you the difference between biden and donald trump. biden, if you will makes gaffs for whatever reason him regarding being 77. his heart is in the right place. we know him. he has been in public service a long time. whatever gaffs trump makes, he not only make it personally, he makes them on purpose if you will because that is his view of the world and there is nothing attractive what donald trump says about black lives matter or african-american votes or the efforts of the gop to suppress the black vote or all votes in this country and so all biden has to do is just, not try to talk about or give a narrative

on his african-american support. just let it be and urge us to vote and get people to the polls and we can be successful in november. neil: well-put, scott. who am i for anyone forgetting things. i don't remember what i had for breakfast. >> i'm 58. happens all the time. just my wife. neil: closer you get to these ages the less you will be critical of these ages. scott bolden, thank you very much, former democratic party chairman. much, much more, good read what is happening in the democratic party right now. we have a lot more coming up. we have a woman uncanny knock for seeing the market future and wall street is relying on her. meet her next.

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whatintroducing the new sleepld? number 360 smart bed... now temperature balancing, so you can sleep better together. can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. can it help with snoring? i've never heard snoring. exactly. no problem ...and done. will it help me keep up with mom? you got this. so you can really promise better sleep? not promise... prove. it's our weekend special with 0% interest for 48 months on all smart beds. ends monday. neil: to hear some wall street traders tell it the force is with her do not call her a psychic. more an energy reader. someone who has an uncanny knack for sensing things that others might miss. she knows her stuff. she is well-schooled in the ways of wall street but it is her insights and her help to traders

that dissuades them from making trades they otherwise would, good advice after the fact by the way. encourage him to make trades, they might in the time not. she joins us right now. very good to have you. i was reading your story, very intrigued by it. you reminded me because you're very, very young, the great late arch crawford, used astrology in a lot of his forecasts. a lot of cynics at the time, that was a hook to get customers but you have some ability here that goes beyond that. what do you call it, this energy reader, what does that mean? >> yeah. so it just boils down to intuition and i believe -- [inaudible]. -- that i use, i people that come to me are pretty self-selected because they are interested in discovering their blind spot because they're

already intuitive. what i do is sort he reflect back what i think they're already feeling. neil: so, there is a story of, as you know, a trader who was ready to make a move that you said would not be a good one. that can happen, sometimes it is luck, but it happened enough where some of your clients are very loyal to you because you saved them a lot of money and made them a lot of money. what do you do? do you use tarot cards? what do you use that gives you the ability to tell or recommend some pretty big financial heavyweights don't do that or do that? >> yes. i use cards but often times you have to understand the client is on the cards, i tell them they are using the cards, not me. what that means you can shift a possibility if you can think of a greater future. so there is huge misconception

with taro if i say something that is one and done. that is not true. there is something in the ether you're transmitting. really the power of control is in the other person's hands, yes, my primary tool is taro. neil: do your cards read the markets as bullish collectively or case-by-case? >> it is case-by-case. neil: so you can't make a general recommendation that the s&p is a buy on verge of a record or the dow is a buy close to a record? >> right now, no. and actually never. i try to tell my clients, i personally do not feel comfortable giving investment advice, however it is something that does come up in their readings by accident almost like, i see this [inaudible]. be cautious. be more in tune with the choice and decisions that you make today. sometimes i don't always see

what investments are going to be, that is never going to do that. neil: i want to steal you back. very fascinating. the results are there for many of your clients to see. we'll have more after this. this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

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neil: well, let's just say it doesn't look quite so magnificent today. i'm neil cavuto. this is "coast to coast" on fox business network. we are talking about chicago's magnificent mile. right now after heavy damage and vandals took hold of the famous shopping and retail space, growing concerns that they can't get it under control. the violence is escalating. so are questions as to when it will ever stop. we are also following the fallout from the president's executive orders to go ahead and provide stimulus on his own since congress notably democrats, he says, failed him but the treasury secretary leaving out hope that if democrats aren't pleased they can still come up with something and maybe cobble together a deal. then the latest on covid-19 vaccine testing and some growing concerns that a good number of kids are coming up testing positive for covid-19. they are passing it along. that wasn't supposed to happen. this and the latest on china going after 11 americans,

sanctioning them. can you do that over their views on hong kong? we will be exploring that. in the meantime, to chicago and the windy city that is now turning into a very dangerous city. after a disrupting weekend, to put it mildly. grady trimble in chicago with more. reporter: neil, this morning and this afternoon in chicago, the streets are filled with people looking in awe at the damage caused overnight by those looters as well as businesses once again boarding up. and in many respects, this is deja vu to what happened just about two months ago when there was widespread looting in the city. but the difference this time around is that this looting was not preceded by a protest or large gathering. instead, police say there was an officer-involved shooting on the south side of town, where police were shot at by a suspect and they returned fire. in response to that, there were reports on social media of people calling to go to the business district and the

shopping district here downtown and start looting, and that's exactly what police say happened. they got into their cars and caravanned to the downtown area and caused widespread damage to the retail spaces, the famous stores like macy's as well as liquor stores, pharmacies, many of the same stores that were hit last time were hit again. police say they arrested more than 100 people and in all this, 13 officers were injured, nine of them were shot at last night in the city's loop, the business district. mayor lori lightfoot calling this an attack on the city of chicago. >> i don't care, i do not care, whatever justification was given for this, there is no justification for criminal behavior, ever. you have no right, no right to take and destroy the property of others. reporter: there is still a heavy police presence along the

magnificent mile here in downtown. they plan to be here throughout the day. there's also a curfew that goes back into effect tonight at 8:00 p.m. to 6:00 a.m. this as businesses try to get a handle on this. these are businesses that have been dealing with coronavirus closures, then looting, then reopening and now they're closing again, having to board up once again because of looting in the city of chicago. neil? neil: grady trimble, thank you very much for that. let's go to jonathan hoenig on this, the capitalist pig hedge fund manager, much much more, fox news contributor, of course. i do have other things i want to get into with you, but this cannot be helping the business environment in chicago. people see this, they want to avoid the place like the plague. >> yeah. neil, it's absolutely heartbreaking and it's jaw-dropping when you see, as grady alluded to, the scale and scope of some of the damage that was done a few weeks ago. even once again last night. this wasn't just a few of the stores on the magnificent mile.

they attempted to loot the convenience store, the bottom floor of my own building here in chicago. this is a pattern, one thing we have seen, even in seattle and i'm frightened to say even in chicago once again, widespread disregard for the authorities, disregard of property rights and i tell you, i hope the mayor is serious in terms of going back to these violators. there's tons of social -- these people talk about live streamers looting a store, i don't think you will find that social media video. go and lock some of these folks up. neil: it seems to be more on the part of the city for the time being going after those who might be violating quarantine rules and the like, even using social media to track visitors and tourists into the city where they are going and what they're doing. that seems a little creepy. >> yeah. it's kind of amazing. look, it is a dangerous pandemic, we know that, and i do believe that if you have covid,

you should be required to isolate yourself. you are a dangerous threat to others. but the city is proposing kind of a novel -- a lot of people are saying it's akin to big brother in 1984, basically tracking social media to look for tourists who are posting pictures of themselves at sites or whatnot, not having isolated for 14 days. it's really more of a threat than anything else because it's very difficult to enforce. they've got to hunt down the tourists, prove they haven't been social isolating but a lot of folks unfortunately are not taking that isolation seriously. they are not maintaining social distance, they are not wearing a mask, and potentially they are offering a threat to everyone else. my solution is let all the tourists who come in go get a test, demonstrate you are not a recognizable threat to anyone else, and go out and enjoy the city and all that it has to offer. neil: that's not a bad idea. thank you very much, my friend. sorry we truncated this with

this other breaking news. jonathan hoenig following that uncanny market read as well. speaking of the markets, putting in a good day, up about 300 points. the president's proposed stimulus actions that will usurp congress are a big reason for that but that might be speaking too soon. maybe you can get congress to force it to do something on oints. trsh ri secreta treasury secretary mnuchin was hinting as much. edward lawrence following all this intrigue in washington. where are we on this? reporter: you know, what is not in the executive order is something related to the payroll protection program. that's an issue for a number of folks. they would like to see the ppp help. in fact, that program closed over this past weekend. there was a flurry of activity in the last two days, approving $1.6 billion worth of money through that program. here are the final numbers of the ppp program which has closed as of on saturday. that final shows 5.2 million loans written with $525 billion

approved through more than 5400 lenders. there was about $135 billion left over in the pot. an exclusive interview with small business administrator caranza says the program will be a model for how to help the economy in a future crisis. >> this is a highly thoughtful, very, you know, some people won't apply science behind this particular program, but if you look at the economy, you would say this is definitely a model to be memorialized. reporter: even with the early issues with this program, she says the ppp has been the most successful program in the history of the small business administration. she believes that a majority of the 9.25 million jobs added back into the economy in may, june and july happened because of the payroll protection program.

she also said the jobs that were sustained in the economy can be attributed directly to the payroll protection program. listen. >> this paycheck protection program sustained the small business economy. they also protected the employees and the employees' wages and they stabilized the local community so yes, to answer your question, the paycheck protection program was essential to sustain and mobilize our national economy. reporter: she says the program did reach enough minority businesses. she said in fact, they still have programs for minority businesses right now they can apply for that is not the payroll protection program. she says the money left over, the $135 billion in the pot, should go back into helping small businesses as soon as congress can work that out. right now, as you know, neil, there's the stalemate on capitol hill. neil: to put it mildly. thank you very much, edward lawrence in washington following all of this. want to go to danielle dimartino

booth, chief strategist, very smart, very prescient on a couple trends we are seeing right now including this bumpy ride out of the coronavirus that she was way ahead of. danielle, i'm looking at what the president wants to do on the stimulus front, he wants to take matters into his own hands. i'm thinking given what he's trying to do, wouldn't a lot of businesses even though they might welcome a payroll tax cut and how it could help their businesses and all that, they are on the hook as things stand now paying that money back if they have to pay it back, so they might not give it out. a lot of them would be very nervous about implementing it because it's the president saying this. where do you think this goes? >> well, you are correct, neil, there is going to be a lot of helps take hesitancy, a lot of uncertainty. the only thing that can negate the measures of the president over the weekend is legislation. any and all legislation negates

that. i think that is probably what has small business owners around the country a little bit wary of this and in addition, i think we have to look at the bigger picture. moody's analytics put out great research that showed even if we just went from $600 additional a week to $400 additional a week we are still looking at about 660,000 more americans joining the ranks of the permanently unemployed and gdp taking a hit of .83%. these are the vestiges, if you will, of the resurgence of the virus that has really put a governor on the u.s. economy's ability to become self-sustaining and pull itself out of this morass. neil: right now, the issue seems to be that a payroll tax cut, limited though it might be, would have an immediate bang for the buck because essentially

it's in sstantaneous. do you buy that? do you think it would have the desired effect to give the economy a boost right in the moment? >> well, it's interesting math i have seen back of the envelope. good friend of my, an economist, put pencil to paper. it comes out to about $1,000 over the period that's being discussed. the stimulus dollars, call it $1200 the last round. it will definitely go directly into the economy. i don't doubt that for a minute. but what i'm following are other things that this stimulus can't touch. we are seeing a real by furcation in how the economy is behaving right now. we saw professional and services jobs cut in half between june and july. these are people who make more than $100,000. they won't be eligible for any of the stimulus. the stimulus also doesn't help to state the obvious, people who are not working and what we saw in friday's data was that those who have been out of work for 15 weeks or morose to almost half of the unemployed from about 18%

in june. so again, we are flirting with permanent unemployment, permanent displacement which of course cannot be touched by something like a payroll tax cut which is meaningless if you don't have a paycheck. neil: you know, that's a very good point. i have been looking at the economic trend of numbers. you follow this far closer than i do. but between the ten million additional jobs over the last three months, we are still net-net down more than we are up. i get that. the market's up 50% from their lows, the s&p very close to a record itself. home prices up better than 4% in the latest month. industrial activity picking up. factory orders picking up. mortgage rates at an all-time high. mortgage demand at an all-time high, rates at an all-time low. that's a nice backdrop. do you buy that it can be sustained? >> it is a great backdrop. there is absolutely no supply coming on to the housing market right now.

it's very much locale, locale, locale specific. so with no supply, it's easy enough to see home prices increase by those who can buy homes, especially with mortgage rates at record low levels. i think another thing you are describing that's going on in the economy is the fact that the additional stimulus measures have really prevented a credit cycle from occurring. we are not seeing car repossessions, not seeing mortgage foreclosures. we can't see any of these things really, because there is so much farbe forbearance and so much stimulus money when it comes to the economy. that's why we have seen things behave more than they would otherwise because we have seen three trillion plus get pumped into the economy so i would say you have to take it with a grain of salt because we don't know what the real economy looks like until you start to pull back the stimulus that really has been floating things as it has. neil: interesting. danielle dimartino booth, good catching up with you. it's hard to recognize an economy whether it's doing so on

its own merits, it's always helped as she points out, the trillions of dollars the federal reserve is spending, congress is spending to make sure you can keep things being goosed. in the meantime, we are still following the virus that probably has far greater impact on the direction of wall street, to say nothing of main street. now some disturbing data on kids that not only do they get the virus in numbers we didn't think possible, but they also pass it along in numbers we feared were impossible. after this. ta-da!

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i don't see it. only pay for what you need. liberty. liberty. liberty. liberty. ♪ neil: all right. they're not kidding. kids get the coronavirus, too. the latest numbers bear it out. nearly 100,000 children testing positive for covid-19 in the last two weeks of july. that's up 40%. california and florida, arizona seeming to be among the highest concentration of these new cases. should we worry about this as we approach the school year, where a lot of folks are worried about kids possibly exposing others, let alone themselves, to the virus? dr. nicole saphier, should we worry? what do you think? >> of course. we are still in the middle of a

pandemic. children we know can be affected by covid-19. they can even be severely ill. we have had 86 children who have died from covid-19 since may. that being said, we still know that children are less severely affected than adults are, but this new report from the american academy of pediatrics is quite startling. they are showing a 40% rise of cases. i will tell you in children, i will tell you this report leaves me with a lot of questions. one being what are the age groups. several states, they were saying children are ages 0 to 14. alabama said children included those young adults up to age 24. so that brings some questions for me. also, why are children being tested? my children, they have to have a negative covid test before they can start so i would imagine we are seeing a lot more testing in children right now as they are trying to get back to school, trying to get to summer camp. we are probably capturing a lot more of those asymptomatic carriers than previously seen. they haven't broken down those

numbers. up until now, it's been about 5% of new cases have been in children. this new report is about 8.8%. i do think there's probably some increased transmission around children but i would be surprised if it is as high as that 40%, as that report is saying. neil: i'm also wondering how reliable it is. the case of the ohio governor, given one of those quick antigen tests, initially tested positive, then at least two other follow-up tests, he tested negative. how did that happen, by the way, and should that be a reminder to us that maybe these numbers aren't what they appear either? >> absolutely, neil. we have been dealing with since day one, there is a high rate of false positives as well as false negatives when it comes to the antigen testing as well as the antibody testing that you take from the blood. that is due to cross-reactiveity, maybe other viruses that may be in the

system, it may be from prior infections being there, it may be there's not enough virus there to be tested. there's a variety of reasons why these tests fail. it is not uncommon. even the flu test has a very high false negative and false positive rate. it's not just specific to this novel coronavirus. we see it all the time. but now because everybody is watching for these daily counts, every single day we are putting so much more weight into it than we ever have before. neil: yeah. as a young mom, we get into this a lot, are you leery sending your kids back to school in person, if that were even an option in your community? >> i can tell you, i am such a supporter of trying to get my children back to school. that being said, i want to do it smartly. i'm terrified that my children will get covid. not necessarily because covid is any worse than, say, a strep throat or flu or any of the

other things going out there, but because there is such community spread right now, i don't want my children to be part of that. i need my community to do what they can to lessen the spread of virus so our children can go back. i will tell you, the mental health effects of our children from being home and not being around their friends and with their teachers was devastating. my littlest one, 5 years old, had a lot of anxiety, a lot of depression, and so did many of his friends. i think that we are breeding a generation of children being underdeveloped if we don't do everything possible to get them back there. yes, i want to protect the teachers, i want to protect the family members that are vulnerable. but our children have to get back to school. i also get concerned, though, about them going back to school sitting in these plastic partitions wearing masks because that may not be good for them either. we have to do everything we can as a community to lessen the transmission of the virus and get our children back to school, but in a normal environment because if they can get back to school but again, they are

covered in masks and partitions, is that really what's best for them? i'm not sure i can answer that. i'm very leery to get our kids back to school but i very much want to get them back to school. neil: well put. doctor, thank you. best of luck on that. it's very scary for everyone involved. meantime, the president is just tweeting out, responding to a lot of these college football teams and leagues and conferences that are putting off their fall gridiron season right now, saying that the student athletes have been working too hard for their season to be canceled. this on the heels of reports now that the big ten has canceled or reportedly will cancel its fall season. the big ten includes michigan state and the university of michigan, university of illinois, indiana university, university of nebraska. i could go on. the mid-american conference has already indicated that it will, that notre dame/navy game is canceled, also notre dame games

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neil: all right. nervous about getting back to work, if you're still sheltering at home? what if your boss makes you an offer you can't turn down? early retirement package so you don't have to bother? of course, it is happening. gerri willis following all of that. what's going on here? gerri: well, hi, neil. that's right. so a steadily improving jobs market isn't helping one category of worker. that's an older, more expensive workers now being pruned by employers who are offering early retirement packages. listen. >> we really need to get rid of a lot more workers at a faster

pace than we might have at a previous time. we are seeing us bring in a much wider range of ages who are getting severance packages, retirement packages. gerri: such packages typically one to two weeks of severance for every year worked, are being offered to a broader group now, not just people in their late 50s but also those in their 40s, particularly hard-hit workers in airlines, hospitality, restaurants and retail getting these offers. the university of chicago study showed a steep decline in labor force participation in april was largely due to people opting for early retirement. they also estimate a surprisingly high number of jobs lost during the period january to april, 20 million jobs as of april 8th. but unemployment they say was up just 2 percentage points in that time with early retirement accounting for nearly all the drop in labor force participation. the timing couldn't be worse for people with no plans to retire. experts say this. listen.

>> make sure you are able to weather the storm as long as that package is in place, you have time to find the next job and you're not out on the street or desperate for money or living off of what unemployment checks are. gerri: experts say workers should consider negotiating for items that could prove critical like sponsoring cobra, life and disability insurance coverage. you want to get as much as you can on your way out the door, because remember, if you take your social security early, say at 62, you will only be getting 75% of benefits and that's a big gap that a lot of boomers aren't ready for. neil? neil: that's putting it mildly. these early retirement stories are prominently feature ordd on show for some reason. i should be looking over my shoulder. thanks. great job, as always. joe piscopo kind of in the same age group and now i'm hearing

people talk about taking a benefit package early, it's happening across the country. what do you think of all this? >> huh? what? am i retiring already, neil? what happened? neil: wrong guy to ask, i guess. the identity you have of being independently wealthy, you are above this fray. >> yeah. oh, yeah. thanks, neil. let's talk old people who are at the end of their careers. here's joe piscopo now. thanks. neil: oh, no. we are like the two old guys, the muppet characters at disney world, shouting at each other. all right. you know, i will say it to you again, these guys who were desperate to keep their gym open in new jersey, they are still threatening to take their license away because they are violating what the governor says, they shouldn't be doing,

but it's odd, i know you own a number of gyms as well and they're not easing up. the state isn't easing up and these guys are stuck. you could make a good argument that those gyms in the middle of a virus like this, practicing all the distancing provisions and everything else, would help people with a virus like this. >> you are absolutely right. we feel like we are being kind of caught in the middle of the governor's fight with the folks down in the south jersey gym. we stand behind those guys, by the way. you're absolutely right. working out, remember i was working out, they put me on the cover of "muscle & fitness"? i used to walk around and say i used to bench press rhode island. remember me in those days? neil: i do indeed. >> people go why do you wear a suit. i don't look like that anymore. i got to cover everything up. i'm just saying. talking to the ceo of retro

fitness, my buddy, who loves when you cover this, by the way, because this is crushing small business. it's crushing us. we put out thousands of dollars. i will show you, i will do a mask thing, we got all the masks all out there. the gyms are so clean yet the governor's got this thing, man, and i don't know what they're talking about but -- with the guys in south jersey but we got to open up. you just going to shut down these businesses? they're going to go out of business. to your point, you build up your immune system by working out, by working out, getting to the gym, man. neil: but he's also extended the restaurants and indoor dining and clamping down on that. i always wonder, you know, i get it, it's a delicate balance with a spike in cases, people recongregating, but you just don't stop everything. you know? >> no, you can't shut it down. i really believe you will build up a herd immunity. believe me, i'm a hypochondriah.

i have got my hand sanitizer. i do wear the masks all over. i got goggles. you know what i mean? i wear gloves when i go out in public. you can be sure, if you go to retro fitness, it is going to be so clean and you will be able to eat off the floor. the fact is that the governor keeps shutting it down and we testified, too, we testified to trenton saying we need to open this up, otherwise you are going to shut the businesses down permanently. like i always tell you, the politicians are being paid. they get paid. they have their 401(k)s. they've got salaries. they've got their offices. we don't have that luxury. a lot of us are cut back in salaries and in the gyms, we spent all the money and adhere to every cdc guideline and he's still not opening us up. i told you, i will give him a free workout. governor murphy, come on down. i will work you out. we will take you through a couple reps down there at retro

fitness in flemington, new jersey. neil: i know you are cut, i know you are fit and i know when i say curling a submarine sandwich is just as effective as curling a weight, you say no. i know what i had to ask you. i was thinking i got to ask joe this. you hear about this new jersey legislator who wants in on some of new york city tax money because people have been telecommuting and have been doing all this stuff from home and he wants a piece of that. i'm thinking, you know, that does make a little bit of sense but it would be a tough sell, wouldn't it? >> no, it's true, though. the senator from sussex, it's a great idea because this is the microphone. i broadcast from home most of the time because we don't go to new york, we don't know what's happening in new york. i love that, because why am i paying new york state taxes? why am i paying new york city taxes? i'm working out of jersey. i would rather pay them in new jersey. this is a genius idea that the

senator's working on. we got to take -- we are about to take a $9.9 billion loan, which is the worst thing we can do because that will raise our property taxes. for guys in your, you know, in your income, doesn't matter. you just kind of go with it. i understand. but for little guys like myself, you can't raise the taxes, grab new york city's taxes. it's a brilliant idea. i hope they do it. neil: by the way, the little guys like yourself, you are in an office or library that looks like bruce wayne's. who are you to start lecturing people on -- cool it. cool it. don't shove your wealth in their face. >> oh, please. these are all my relatives. that's not a gangster [ inaudible ]. that's not a gangster relative. just want you to know. neil: got it. it looks very nice.

joseph, you are the real mccoy. you are able to encourage civil debate without calling names. good luck on this. wish i had more time but i got to work out, my friend. >> go get 'em. neil: there we go. more 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.

neil: all right. kayleigh mcenany, white house spokesperson, just indicating right now that the white house is indeed looking into these allegations about kodak and whether it knew something or something was amiss about a potential government loan that did come through, they since rescinded the loan just to get the background on what happened and why. lauren simonetti has been following this because kodak shares, the more they rocketed up, now tumbling big-time on

these latest developments. what's going on? lauren: and peter navarro has distanced himself from the company as well. so as you know, it was a $765 million blockbuster loan where kodak would make those generic drug ingredients for the government. that's now on hold as the s.e.c. investigates potential insider trading into the way the deal was disclosed to the public, which might have caused shares to spike from $2, $2, on monday july 27th, to $60 a pop just two days later on wednesday, the 29th. they are now trading at about $8 apiece. they have been halted and restarted today. the government says it will only move forward with this deal if the allegations are indeed cleared. but how did this happen in the first place is when a lot of people are asking themselves including authorities, and i have three reasons for you. the first one is, kodak leaked the information to local rochester reporters where it's

based and those reporters put it out on social media. there was no embargo. guess what? social media, like twitter, is a trading platform during the pandemic. so many novice traders are going on the site, finding news and trading off of it. many of them got burned as a result. but this is an issue for all investors. the reason is at first, they were saying wow, this is a huge deal, the government is using kodak, a company that went bankrupt about six years ago, a film company, to make pharmaceuticals. what is the value of the share price now? now they are trying to find the value of the share price if the deal doesn't go through, because of this investigation. neil? neil: what a mess. lauren, thank you very very much. in the meantime, china, it's one thing to go after u.s. companies, but to sanction u.s. politicians? after this. businesses are starting to bounce back.

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about hong kong and china's actions to tamp down the disturbances there. blake burman with more on all this. where does this stand? reporter: hi, neil. this is the latest in the diplomatic back-and-forth between china and the u.s., as china today announced that it is sanctioning 11 u.s. citizens. half of them, members of congress here in washington. that list includes senators marco rubio, ted cruz, josh hawley and tom cotton. senator pat toomey as well, along with congressman chris smith. this comes of course after the u.s. last week announced sanctions on hong kong's administrator carrie lam along with ten others, so 11 in total again, for china's crackdown on hong kong. a chinese government spokesperson saying the following today, with this announcement. quote, hong kong is part of china and its affairs are entirely china's internal affairs which allow no foreign interference. we urge the u.s. to grasp the situation, correct its mistake and immediately stop meddling in china's internal affairs. over here at the white house

just moments ago, the white house press secretary kayleigh mcenany was asked about the most recent move and this was her response. watch. >> i won't get ahead of the president on any actions but we are certainly aware of the announced sanctions and instead of taking meaningful action such as immediately repealing the national security law and stopping the systematic repression of uighurs, the chinese communist party opted to respond with a symbolic and ineffectual action and a growing number of nations around the globe are demanding real action from beijing. the ball is in the chinese communist party's court. reporter: as for the actual members of congress, they pretty much sort of dismissed the sanctions i guess you can say. here is senator hawley. he wrote in a tweet, retaliate all you want, i'm not backing down and then there's senator cotton saying if china thinks my opposition to its communist tryanny warrants these sanctions, i have two words for them. just wait. neil?

back to you. neil: i thought for sure you were going to make my day. just wait. just as effective. blake burman, thank you very very much. all right. let's get the read right now on this back-and-forth, too, on the president's moves to bypass congress on the stimulus measure, signing four executive actions, orders, whatever you want to call it. among them, immediate cut in the payroll tax for those earning less than $104,000 a year, keeping the unemployment benefits going albeit at a lower rate of $400 versus $600 a week, and having governors and states kick in the $100 of that or about a quarter of that. sean davis joins us, the federalist cofounder. sean, i do notice treasury secretary mnuchin today didn't waste any opportunity to say you know, you democrats can go ahead and come up with a plan on your own and if you don't like this one, you explain to the american people trying to stop it. where is this going? >> well, i think it's

interesting how this has developed and i think if there's any one person who is responsible for it, it's actually john roberts and his recent ruling on daca and immigration issue that obama implemented by executive order even though he had no authority to do it. when he came out and said obama could have done that but trump couldn't undo it, that really opened the door to these type of actions and orders from the president. in the timing, it's especially interesting. the democrats have made clear both pelosi and schumer that they weren't going to do anything, they weren't going to move and they basically opened the door and all but begged trump to do this, now they are in a really tough political spot having to argue against payroll tax cuts and relief for people who have lost their jobs and businesses because of the coronavirus shutdowns. neil: there's a lot of hypocrisy here, i get that. obama was doing it in 2012, those republicans then

criticizing the president for doing it, now accepting what this president is doing. i get all of that. i'm wondering whether this will stand. i talked to a lot of company business types who are leery of making a move to start withholding payroll taxes, give them out, if you will, when it's only by executive order, that they are going to be stuck holding the bag unless these are granted to be a forgivable measure. what do you think? >> right. well, this is clearly going to head to litigation because it's apparent the democrats really are not going to do anything to allow any sort of relief to go regardless of the mechanism. so they are going to be putting themselves in a position heading into a pretty close election where they will probably be suing to stop all this which creates a lot of uncertainty and creates a lot of problems but it also creates a real political drag for them having to argue that yeah, trump wants to help you but we don't and that's why we have not passed anything. i think it's going to get pretty sticky for them and the longer the president holds out on these executive orders and makes clear

that he's going to upush them through, the more likely we will actually have a deal at some point. neil: yeah. you could also argue whether it's just by design that it kind of boxes democrats in, right? they can't say he's throwing benies to the rich. these are limited, that is the payroll tax cuts, to those earning $104,000 or less, and those are for people who have work, actually, he wants to continue the unemployment benefits, you know, at least through the end of the year so it's going to be a tough sell for them. right? >> it is, because it's not like this is a situation where you had businesses making bad decisions. it's not t.a.r.p. or the bank bailouts over again where they made bad investments and wanted the taxpayers to make it up. these are situations where people had their businesses shuttered by government. they did nothing wrong, they weren't unwise investments, so for the democrats to come in and say on one hand we need the government to shut you down to keep everyone safe for 15 days

or 15 years or however long it is and on the other hand say but we're not going to help you at all after we forced you to lose your home and your business and your school and your job, i just don't think that dog is going to hunt for real long. neil: all right. good catching up with you. sean davis, federalist cofounder. as we were wrapping up here, we are getting word that lebanon's prime minister has indeed resigned. crowds protesting outside beirut over the weekend had been demanding that much of the cabinet and the government council has also surrendered their jobs in the wake of that explosion in beirut little more than a week ago. it killed about 160 people, at least a few hundred thousand are now without a home. now the prime minister there has quit. more after this. ♪

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♪. neil: all right. we've been monitoring the president's tweet. he has been busy today. also talking about the fact he has their road his search down, we're only giving acceptance speech a week from next thursday at the republican convention. you know won't be there, but he narrowed it down to the great battlefield of gettysburg, pennsylvania and the white house. he will make a decision on that soon. democrats and a couple republicans criticized possibility of doing a campaign event at the white house.

a speech like that. if you think about it a lot of presidents left and right do a lot of political things at the white house. having said that, gettysburg is the other option. great battlefield at gettysburg. now here is charles payne. charles: i love the idea of gettysburg. thank you my friend. i'm charles payne this is "making money." president trump steps in as congress continues to bicker. why his sense of urgency is what the country needs right now. the script has been flipped. 2020 has been all about the megacaps stocks powering higher in devil-may-care fashion. all of sudden the hot names are flaming out and old boring blue chip names are taking off like crazy. how you can profit from the rotation. the speculation game is on as joe biden says he is close to naming his running mate. will his choice sway voters or put the foc