created. why? because i can't understand it. that's what's going on in california as we speak. what a shame that it's come to that. i had my little rant. my time is up. i think it is time to hand it over to the calm and stable neil cavuto. it's yours. neil: if i'm calm and stable then you need to up that dose my friend. thank you very, very much. great show as always. hard to follow in those footsteps here but i will try. thank you, stuart. the dow up 270 points right now. there has been sort of a leadership switcheroo going on. technology has been leading this charge for days. you can argue since the whole shutdown thing going on. more cyclical stocks that will benefit from improvement in the economy or hopes that the virus thing will settle down and the stimulus will do its thing. right now we are waiting to hear from the president later on.

he will be having a press conference detailing a little bit more on that capital-gains tax cut he continued in a radio interview. also maybe a follow up on that shooting outside of the white house yesterday. it was pretty scary to watch. a lot of folks not knowing what was going on at the time. we do know what is going on in chicago and we do know it is not right. right now the unrest continues. fears of more unrest today. they have drawn up the bridges around chicago to limit where protesters can gather. good luck with that. a number of college football conferences, that can buy the bullet today and decide there will be no fall college football season. can you imagine that? already some very big conferences at least have members contemplating just that. the quarterback of the clemson team does anyone bounce this off of us? i would like to play football, guys. the president sympathetic to the players concerns. right now proving to be an uphill battle. there is of course what is

happening with vladmir putin and his sentiment that a vaccine is at hand, that russia has it. that his own daughter has tried it out. keep in mind there is very little details on this we do know that in russia they can cut some corners and fast track things. that is not such a slam-dunk there but again the talk russia has something. half a dozen u.s. concerns has something, biotech index is closely scrutinized. that is a nice advance today. that puppy is up 13% year-to-date. i think our stocks editor charlie brady would know better than i. that is triple that we've seen in the s&p 500. that is seizing in and out of potential records as well. that is february. within about 20 points or so we'll keep an eye on that. the dow is a little further behind that. 5% behind that. records reached in february but you never know. all you need is a good spurt of activity. who knows, it could be just a

matter of time. jackie deangelis following all of these developments, what's moving stocks. almost entirely vaccine or hoped for vaccine or hoped for vaccine stimulus and related to the virus that's driving all of this. jackie. reporter: good afternoon to you, neil. those are the reasons that we're seeing this rally today and you've got a nice gain on the dow that has us over 28,000. there is a lot of optimism in the marketplace for the moment. the main reason is russia did go ahead and register this covid-19 vaccine. it is very early. there still have to be more trials. they need to have more information but it is giving investors hope that this can be done on the projected timeline, especially with the biotech companies here in the united states. the vaccine will get the u.s. a lot closer to fully reopening, to children going back to school, to their parents getting back to work. there is some skepticism around russia's claims perhaps it rushed or cut corners to get this prestigious claim being the

first but investors are less concerned with that aspect of it. so you look at the s&p 500 today, near an all-time high, the highest we've seen it around since february. now here at home we've got pfizer and biontech. we're watching those closely because they are saying that they're seeking fda approval for their covid-19 vaccines. it could be as early as october of 2020. meantime you've got gilead seeking full fda approval of its drug remdesivir. so a treatment for coronavirus this is crucial because it es sort of this trifecta of testing, of vaccine and treatments that really bring us full circle when it comes to the coronavirus pandemic. now the vaccine hopes have helped travel stocks in a big way as well especially the cruise stocks. royal caribbean, take a look there, almost 4%. remember this sector was so badly bruised by what's happened over the last five, six months. finally i want to draw your attention to gold prices because we watched those closely. the positive news is taking some

of the money out of gold, rotating it into stocks today. it was a safe haven trade. it was a worry about inflation as some of those worries start to dissipate, you see investors getting back into stocks as you point out they're staying away from tech right now because they think those stocks may be a little overbought, neil. neil: jackie, thank you very, very much. as jackie was wrapping up there, we're learning from new york, changes making of those coming from states and locales we highly recommend those visiting quarantine themselves pronto. the governor announcing today that the additional states right now are hawaii and south dakota. alaska, new mexico, ohio, rhode island have been removed. they were swapped out. two more states in there, the virgin islands among those locales if you're visiting from any of those places they say you should quarantine yourself. they largely have it on the honor system, if you give them agita about it, traveling through penn station or the

airports, they can forcibly quarantine you right there. i don't know where they put you. but i know they can fine you if you're not cooperative. that is what is going on in new york. carol roth on all this, fallout from all of this, the former investment banker, much, much more. the markets themselves they go through these fits and starts whether states are being too tough, whether they're being too intrusive but they do like the trend, the fact that maybe cases have peaked, worrisome cases have peaked. even in the face of news that more young people are getting this and all, but they're only looking lately at the half-full glass. what do you make of that? >> i think the market is drunk, neil. that is my professional opinion but i suspect that the market actually thinks we're getting closer to the election and unfortunately there has been so much political theater around covid at the state level, at the federal level from supposed health experts, from the w.h.o., from everybody that i think that a lot of people just really

aren't buying into the information and believing that once we get closer to or past an election that miraculously this is going to get better. in chicago, chicago's public schools are going to be projected to be opening right after the election. that seems like quite a coincidence to me. neil: yeah. by the way there are similar reports we're getting out of san diego. we'll explore that in a second, that the put-off the school year could be months, not weeks. leaving that aside, i am wondering about the hype over this russian drug or vaccine that just materialized out of nowhere. i heard one market pro described it maybe, on "varney"'s show it's something. it is another something and i'm wondering if might not be reliable and the path of russians on this sort of thing is a little bit suspicious it's something. what do you make of that? >> i mean again we've been lied

to by everyone. you can't even get people to wear a mask. so now they're going to inject themselves with something that is called sputnik from russias that hasn't been through proper clinical trials? i think it is grasp. i think that the entire narrative around vaccines is potentially grasping. obviously i'm not a doctor and i don't play one on tv but based on what we know about other coronaviruses and he have if i can is i of having vaccines and human nature of people who won't wear masks i think it is unlikely we see a vaccine, we get people to take a vaccine anytime soon and i do think it clouds and takes away from some of the focus around therapeutics. jackie earlier mentioned a couple of them but it seems to me that is much more realistic path than trying to hope we're going to get a vaccine, everyone will take one, then miraculously we'll be payable to put the economy back together. neil: yeah, calls for a domino

effect of everything perfectly falling into place. we'll watch it closely. carol roth, good catching up with you again. you sounded very sober to me, carol, i got to say. good job. i want to go to casey stegall with reports we're getting out of san diego they could delay the school year weeks, not months. and other concerns about young people contracting virus and pushing back their years. looking at aggregate, more than half of the students in this country likely to be looking at virtual classes. another 20%, amalgam of that, a hybrid of that, only a quarter of kids in the country going to in-person classes as things stand right now but casey has the latest on the other school systems are surprising folks putting off things so far. casey. reporter: yeah, neil, leaders down in san diego with the public school system now say that you said that it is likely going to be months before students are able to get back

into the classrooms. that is california's second largest school district by the way. it is now adopted stricter reopening standards than set forth by the state itself. leaders say that is going to cause students to participate in remote learning for a longer period of time. as you know a lot of communities are creating their own policies and their own frameworks when it comes to this. here in texas a growing number of public school districts are starting with virtual instruction and then they're transitioning to in-person teaching in a matter of weeks. to help get that off the ground many schools are currently working to distribute technology to parents like laptops and tablets. lines of more than 10 hours have been reported in some spots just to get that equipment. meantime, number of new daily cases and deaths linked to coronavirus have been gradually dropping across the lone star state. as have overall hospitalizations. medical teams with the u.s.

military are still working here in some of the state's hardest hit areas. >> it is soon, at some point in time i was carrying in my unit close to 45, 50 patients. when the army came in and really helped us out a lot. they started to take some of the patients and relieved some of the pressure. reporter: we should point out one metric not going down however, the overall test positivity rate here in texas. according to the state's own data, almost 21% of all tests being done are now coming back positive. you compare that to about 12% at the end of july. neil, as you know, most public health experts and infectious disease experts will agree anything over a 10% positivity rate is worrisome. because it is indicative of community spread. back to you. neil: casey, thank you very much, my friend for ironing out a lot of those distinctions there. casey stegall in dallas.

think bp this as i said, roughly one out of four students in this country slated to go to classes in person in the fall a few weeks from now. that number has been steadily shrinking. as i mentioned half, a little bit more than half will be virtual only. another roughly 20% or so sort of a hybrid between virtual and in-person teaching but, that is a number, if you think about it, when we first talked abo kboidus inggoinacink soo sl,l, was wi a aed aedosedosld wou b lior ipechling.li we're d tow t ouauartrt of uny.enttu pdetu pat pat pnhis octo dtoins know, fectinctinieie o o omericariri r security.it a a nca n consultoninsueeee in theoctor.octor.ocnt want w wg ocalys good hooavdooggg you. you thanks for coming. >> thanks for having me. neil: that number, that one out

of four students now, it is down to one out of four who will be in-person classes, what do you make of that? >> what you're seeing is the outbreak is not controlled in many communities around the country and if that's the case it is very, very hard logistically to have school in the ordinary fashion because you're going to see this virus impinge on learning. you will have students infected at home, in the community, teachers infected at home and in the community. you will have warne teens and people having to disrupt schooling we'll seen that in places like georgia. what shows the school districts have not developed a plan to keep the virus at bay out of the schools. they don't have the tools and ability to conduct school in a manner that's reflective of the fact we're in a pandemic with social distancing, with face coverings, with having classes outdoors. just modifications. that is what you're seeing is this risk aversion. neil: you know the latest wrinkle in this, doctor, as you

know is the number of kids who are testing positive. now i know it can vary depending on the state and all of that but, close to 100,000 children have tested positive. and in the last two weeks of july that represented about a 40% increase. i know we're doing more testing, i get that. but the growing fear seems to be unlike earlier sentiment that was building that kids can't pass this on to others they are, some are. the number, serious enough for you to say, pause going back to in-person classes in a few weeks? >> it depends upon where you are. we know children can get infected. we know children can spread this to others. what roles school can play, what role the school can limit the spread, facial covering requirements, social distancing, changing requirements that remains to be seen. i don't think it is surprisings to me children get infected with each other as they interact with each other, go to camps, now

they're able to be tested we have more testing. the question can you make the school the place where the virus is difficult to spreading and that will reflect the positivity in your community. is this something widespread and controlled in your community or not controlled. that is how school districts will have to make the decision. eventually we'll have to find a way to have school and to modify schools in a way teachers and students are safe to do this. this will be the new normal until we have vaccine. the schools are essential workers. this is an essential service. i think that we have to fix this problem and it has to be a priority. neil: now i know you're also an ncaa consulting member, you're more familiar than most about the college football season that looks increasingly dicey. the mid-american conference canceled its games. university of connecticut already shelved its season. we're seeing iowa, michigan state, not holding any workouts.

notre dame-navy game canceled that is iconic ritual for better part of 90 plus years not happening. similar games with usc and stanford, on and on. this is extended to the pack 12 around big 10 looking creasingly like they could shelf their seasons. do you think college football should not happen this fall? >> this is something becoming very controversial. what we're facing football is a high contact sport where there is some level of risk of transmission on the field. and we have an outbreak uncontrolled in many parts of the country and we don't have the ability to test very quickly. if turn around time is three days it becomes very low business i cannily difficult to test players, clear them for competition in a timely manner. i don't see it how that happens with the current status it of testing in this country. you will have outbreaks with the like major league baseball and we have teams that won't want to

play teams with an outbreak. this is hard logistically pulled off. some sports it can be done. we can't bubble these college students the way we can before they are athletes the way we can with the national basketball association. logistically it is looking harder and harder to do this in the current environment. neil: we'll have to watch it very closely, doctor. good catching up with you, even some distressing news for a lot of colleges dealing with this. we should let you know we're awaiting the commissioners for the five biggest, wealthiest college football conferences. they include the atlantic coast, the big 10, the big 12, the pac 12, southeast conferences. they alone would all shelf their seasons that would pretty much do it. there is interplay with the other conferences a you he no. if all five would shut down, forget about college football this season even though the

quarterback for clemson, trevor lawrence, i don't know about all we want to play, president says players should play if they want to, that is increasingly looking dicey. stay with us. we made usaa insurance for veterans like liz and mike. an army family who is always at the ready. so when they got a little surprise... two!? ...they didn't panic. they got a bigger car for their soon-to-be-bigger family. after shopping around for insurance, they called usaa - who helped find the right coverage for them and even some much-needed savings. that was the easy part. usaa insurance is made the way liz and mike need it- easy.

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♪. neil: all right. we may know later today, as soon as today, maybe this hour, we don't know, but we do know that joe biden is very, very close to picking his running mate. now there had been talk he had already made up his mind days ago and just hasn't announced it to anybody. presumably save the nominee herself, i say herself it will likely be a woman, african-american woman, two front running candidates, kamala harris from california, former presidential candidate and susan rice, former national security advisor. that could be upended by developments, all of sudden what you think will happen doesn't happen. but the importance of this running mate decision comes at a time when people say this will get a little bit more scrutiny than normal because joe biden, would be if he were elected president, the oldest president ever. he would be 78 by inauguration if that were to pan out.

doug schoen joins us, democratic pollster. doug i know the old line with a running mate first rule of thumb, do no harm. you want to make sure the person doesn't harm the ticket but you hope in this case it will help the ticket. there is a push among number of african-american leaders all but telling joe biden, it better be an african-american woman. what do you think of that pressure? >> well, i think, given that african-americans generally and jim clyburn specifically in south carolina are responsible for joe biden's nomination, i think that it is something that is going to happen and it is reflected in the fact that susan rice and kamala harris are clearly the front-runners, neil. neil: so there is also been talk about how this convention, virtual, whatever you want to call it, is shaping up where someone like, you know, congresswoman cortez is slated

to speak that it does have sort of like a real hard left progressive flavor to it. do you agree with that? could that be a turn-off to independent voters, middle of the road voters, moderate voters, what do you think? >> it could well be a turn-off. it is a delicate balance for biden to reflect the negative sentiment in the democratic party but not veer too far to the left. if the democrats do, you and i talked about this, it will only hurt the ticket in november and allow donald trump to attack the democrats for increasingly being too far to the left and out of touch with the mainstream. neil: you know, your market legend, doug if you think about it, because you were among the only ones to see the donald trump potential for victory before anyone was, even in polls that, you know, were flying in the face of that. polls by the way generally are

very similar to the same numbers we're looking at today but battle ground states we hear it's a different story. they're not as competitive and the president is still in a world of hurt. would you pay agree with that? >> yeah, i would. i looked obviously at every poll and i think this remains a competitive race with joe biden having a clear advantage. you're correct to say that the battle ground states are somewhat wider in their margin now than they were four years ago, but let's be clear, a number of the voters both in swing states and nationally who were for biden are reluctant biden voters. they have very reluctantly defected from donald trump, largely because of the coronavirus. they could come back if we get a vaccine and or an economic upturn so this race is not over by a long shot.

neil: what about the law and order push that is getting galvanized right now by all of this disruption in cities like chicago, certainly what is happening in seattle and portland, new york? are these galvanizing issues, are they drawing people to the president. what is your early read? >> my early read is i think they could, but i don't think so far they have but seeing violence we tragically saw on monday night in chicago, the violence in portland, seattle that you have alluded to, this could become an issue of compelling nature that benefits the republicans as it did richard nixon way back in 1968. so not yet there but could well be an issue. i don't dismiss it. neil: all right. doug, always good catching up with you, doug schoen the democratic pollster. much, much more, confidante to

all the powerful on both sides of the aisle. more democrats i think you would readily agree with that. we're following the developments of the aforementioned chicago, after violence. the may have cracking down, follow-up measures have a lot of people ticked off. could it lead to still new clashes? we're on it after this

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learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. can ♪. neil: all right. now it is getting crazy in beirut since that explosion. virtually the entire government has resigned, including the prime minister but the followup has been even nastier. trey yingst in beirut with the very latest. trey? [gunfire] reporter: 24 hours after the resignation after the lebanese prime minister along with his entire cabinet we're seeing -- give me one second here, neil.

we're seeing clashes outside of the parliament building in beirut. i want to show you the scene behind me here. protesters are clashing with security forces. this is, just about an hour after a moment of silence was held for the victims of that explosion last tuesday. 150 people killed. and thousands more injured. the tension here has started to increase after some men, these demonstrators believe are linked to the militant group hezbollah drove scooters through the crowd. i had to take my mask off there. some of the tear gas residue was off to the side. they have been teargassing the crowd for the past hour trying to separate it. our viewers now, watching fox business, last hour on fox news channel you saw a smaller group of people here on this street. i want to show you off in the distance now how large the crowd is. just to give you a sense how

quickly things are increasing here. this is a man we just out of chance, this is a man we interviewed earlier at the port. bilal. bilal. went to the port earlier with this flag. two 6-year-olds, 10-year-olds and your children. and he was talking about the need to bring children to see what was happening in lebanon because the future of the country is in the hands of the youth. the clashes that we've seen this weekend, neil, have just unfolded, hold on i want to show you this scene here, neil. you can see one person was injured in those clashes. despite the fact that we have seen the cabinet resign it's not enough for these demonstrators. and without getting too deep into lebanese politics i want to explain why they are still upset despite the fact the resignations occurred. they see the militant group

hezbollah infiltrating their entire society, their government, in every part of the economy. they believe that explosion last week could be linked to hezbollah and some of the government mismanagement that we saw throughout the past year and throughout the history of lebanon. so they're upset because they want the head of the parliament also to step down. they believe he is acting in a shadow role, allowing the militant group hezbollah basically to operate freely in society, still use the money coming in from the united states, for example, from many european allies of lebanon and others and now shifting forward, following the explosion, there are concerns here that the money will come in for aid relief efforts. it will be misused and actually taken by hezbollah operators that are working throughout the government. and again you see the scene behind me here. this was a similar scene throughout the weekend. we saw live ammunition used

against the protesters. many security forces trying to push them back from this barrier. if they are able to breach the barrier that is when things each night escalate further and deteriorate here in beirut. neil? neil: trey, i don't know how my friend, how you keep composure through all of that, that is incredible reporting there. that is interesting note as well on why the resignations we have seen are not enough. be safe my friend. trey yingst in the middle of all of that. let's go to chicago, not quite beirut, but to hear some residents tell us, it is getting close. disorder, crime, increase in violence there. garrett tenney with more from the windy city. what does it look like today? reporter: good news, it was more quiet overnight. no widespread destruction and looting we saw rampantly the night before.

it was by no means back to normal though. access to the downtown area was heavily restricted overnight. bridges, nearly all of them were raised. expressway exit ramps were blocked off. public transportation for this area was suspended until 6:00 a.m. this morning. those are some measures city officials are putting in place to make sure the area is kept safe. we are told they will likely stay in place until further notice. more than 100 people were arrested during the widespread looting early monday. last night black lives matter in chicago held a rally in support of those who were arrested and demanded they should be released. one organizer justified the looting and destruction. the businesses have insurance and whatever was taken it reparations the black community is owed. >> people in in city are struggling through a pandemic. so i don't care if somebody decides to loot a gucci or a macy's or a nike, because that makes sure that that person eats. that makes sure that person has

clothes. reporter: that is not how city officials see it in a press conference. chicago mayor lori lightfoot said explicitly the criminal behavior was not folks stealing in order to feed their families, it was coordinated brazen disregard for rule of law. downtown businesses are continuing to clean up. remember a lot of these stores had just reopened after being looted and damaged during the riots just a couple months ago. as they're assessing damage, they're making plans for the future, having to decide whether or not it is worth it to rebuild, neil? neil: i can't blame them. garrett tenney. how would you like to be in one of those businesses as it is being looted? talk to our next guest, wes martin's mother hubbard's pub, employee when the looters came. wes, tell me about that. >> yeah.

we were closing up the bar for the night. all the bars have to close at midnight. we were heading out the front door of the building when my manager didn't even get a step out the door before gunshots were fired. so we ran into the back of the building and hid out for a little bit. shortly after this, seven, eight, suvs full of people armed with guns pulled up in front of the building. so we ran out the backdoor down the alley. probably not a minute later they were in the building, everything is destroyed. we were lucky that we ran past security guards from other bars. neil: anything they could get their hands on right? >> everything they could get their hands on. cash registers, antique cash registers were destroyed. atm machines were taken apart. looks like there were tools to take those apart. it does seem like this was an organized group of people. neil: you know, we're hearing reports about the some of the ones who were involved in these

lootings were not even from the chicago area. there is no way you can distinguish that, i know, when you're holed up in the back of a place trying to keep your life and your friends lives protected. >> that's true. neil: were they wearing masks? what were they doing? they obviously traveled in groups here. what can you tell us about this? >> i mean they were traveling in groups, in cars. and they were waiting for other people. you could see them behind across the street. time to get in the building now. you know, they had masks on if it was a protest or something where they were having here in a social space. there were some people that had masks on. honestly, my back was turned and i was running. neil: i can't blame you one bit. wes, let me ask you, i'm sure you do ask me, the manager said i want to reopen, i want to do this because i think it is important. what would you do? >> you know what?

i love the building with all my heart f they want to reopen i will be there to reopen. we're a small business. you know, the places that are next to us, rafi's and snickers, they're small businesses. we were the ones hit the hardest, that is really hard to do and, to save the business worth going back to work. i do worry about my safety going back down there though. neil: i can't blame you. wes, we heard after woman who was discussing why this looting was going on a lot of looters are trying to feed themselves, get clothes, because they really desperately need that. what did you think of that? >> it is really hard, it is hard topic to talk about when people don't have the need to be able to provide for themselves but i can say that this much, that i'm working my butt off to try to stay in a working position and

you know, we're not putting anything in our pockets right now while this is, while this is going on. so i will be back out of work again for a little bit. i just hope that everybody can find a way to get what they need. i have just don't think raiding small businesses is the right way to do it. neil: hang in there, wes. i'm glad you and your coal leagues are okay, but. that was scary and close call. wes martin, mother hubbard employee there when looting was going on. imagine. that we look at markets, who is making money what sectors are doing well, life and death choices going on in our nation's major cities, after this 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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that doesn't seem right. kristina partsinevelos has been following it. has the latest from new york city. kristina? reporter: yeah, you're right. back to school is a few weeks away and so many students are in limbo right now about their semester. right now at nyu, we're going to -- neil, we'll three it back to you. we're alone and a discussion -- neil: apologize for that. nicely handled kristina. she keeps her cool. we'll hope to get back to that -- dangerous here. reporters in beirut, trying to do a simple story in new york city about tuition payments going to be full. but the bottom line is, that there are controversies everywhere, aren't they. we'll take a quick break. the dow up 268 points. benefiting a lot of sectors that haven't been able to go along with the ride. we're talking about travel

related stocks. talking about retail stocks. homebuilder stocks. some of the key players within the dow, in and out of all-time highs. they include likes of home depot, unitedhealth, nike. this time it is not the technology guys. the amazons, some of these others have to take a back seat while so-called more passive players, the less exciting players are doing very, very well, thank you. we'll have more after this. businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today.

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i don't see it. only pay for what you need. liberty. liberty. liberty. liberty. ♪ ♪. neil: all right. another confidence builder for wall street. we're just getting news via "the wall street journal" airbnb plans to file for an initial public offering probably in august. don't know the exact timing of it all but it occurs when a lot of companies are dipping their toes into the going public waters. activity picked up aways as market has come back. all the major market averages are at or near record territory. the s&p is getting close to it right now. the dow itself maybe five percentage points away. all the key sectors are going along with this, say technology which has been the ringleader.

as some analysts were telling us, this could be a healthy development here as leadership changes. could be a short-lived issue. we'll follow it. jared levy, delancey street strategist, much, much more. airbnb, that doesn't shock me. that had been rumored out there for a while. others contemplating the same. more companies inclined to issue more stock. at love them sitting on a lot of dough, they're putting it to a lot of use. some could quibble the way they're using it but what do you think? >> i think there is a little bit more confidence building. interesting, airbnb at a time travel is so restricted people are not getting out of their homes. neil: exactly. >> flip side of that, they realize there is a corner coming hopefully, right? sooner or later people will start to get back out again. i think as general optimists which most of us are, you know, we tend to look at the world,

with a positive skew, believe it or not, it is cynical of us to have a positive view, i think airbnb sees that. others see that. again it's a great time to raise cash. people are looking for alternatives. looking for new things. looking for interesting plays and could turn around as we return to normalcy. good, healthy momentum. we have election coming up. that could impact things. i'm not saying go buy but again we're seeing positivity right now. neil: the airbnb thing sort of echoes what we've been seeing in a lot of these travel and leisure related stocks particularly today. carnival is having a nice runup. norwegian cruise lines, jetblue, united, marriott, wynn resorts, i could go on and on but the common theme there these are beneficiaries from people venturing out, traveling more. now we're getting wind of maybe another airline rescue package coming together, that will shore up their finances.

that is the hope. i don't know that it ever materializes, what do you make of all the churning? >> i think there is a couple things going on. the one piece of data folks are honing in on, tsa numbers. we're seeing plus 800,000 average daily folks going through tsa checkpoints. that is sort of a crude measurement. that doesn't gauge you and me getting out of our car driving somewhere, it shows increase in confidence. we're at pandemic highs with airline travel. neil: you're right. >> that reverberates through the whole travel industry. that is the barometer. you look how things will spread off of that. the other thing the bailout package, right now airlines are basically guaranteed through government assistance to keep their folks in place up until september. they have also been using a lot of creative plans, if you will. southwest, american, they have all been doing it, offering sort of settlement retirement packages calling them toe the senior pilots and some sort

movedfied furlough packages to others to keep costs down. this new package would guarranty them through march of next year. that would give them at lore more breathing room. the airlines are, i wouldn't say we have to worry about near term bankruptcy. but a deal needs to come. not like immediate, we need it, i think it is on the way. the airlines can wait a little bit. they're seeing positive momentum there and that is playing out through the industry. neil: real quickly the president is toying around with the idea of pa capital-gains tax cut. he didn't sell out specifics but talking increasingly about that. what do you think of that? >> that would be helpful. these are all, parts of this stuff is again gives us the optimism. let's look forward to something. i don't know how much sense that makes. i would mon necessarily rather see money in the money hands of

local middle class, keeping local business alive. i think that would be more effective than a capital-gains tax. most of americans, majority of us, capital gains really isn't an issue, most of the trading we're doing, average folks doing it inside of the ira. they do it inside the 401(k). i don't know that benefit would affect masses as much as upper classes. i'm all for it, support it but i would like a deal to get done that helps the little guy. neil: jared levy, thank you very much, my friend. let you know we're still awaiting word from the commissioners representing the five biggest money making college conferences including the atlantic coast, big 10, pac 12, host of others to make a decision yay or nay this fall. not every school has to concur with what the commissioners are deciding by and large they do. we'll eafter this

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neil: welcome back, everybody. i'm neil cavuto. we have you covered on fast-moving developments, not only what's happening in the market here as the s&p hopes to eventually join the nasdaq into record territory. nasdaq of course, in and out of that and has been drifting back of late. the dow, though, could be tested with all this violence that's

happening across the country offsetting what certainly has been happening at the corner of wall and broad with far better than expected earnings, promising developments on the coronavirus itself. we're looking at that unrest in cities like chicago, portland and seattle. we are also looking what could be potentially, potentially more college ncaa cancellations today. that involves some of the richest conferences there, including five big ones that account for 70% of the college football revenue. then we are also looking at the ceo of [ inaudible ] motors out with a vehicle that has a range of more -- well more than 500 miles on single charge. remember, the best tesla figures for the model s, for example, their priciest of the fancy electric cars themselves was a little north of 400 miles. that could be a staggering development.

the lucid motors ceo will join me shortly on the significance of all of that. meanwhile, focusing on the white house and another planned press event involving the president of the united states. blake burman on that. blake? reporter: perhaps no one has been more optimistic of the possibility of having a vaccine by year's end than president trump and we will get, according to the white house, the president will get, according to the white house, an update today on that very process. we potentially should get a readout from the president afterwards as he will be holding a coronavirus briefing in the 5:00 hour. here was kellyanne conway from earlier. >> the president is getting a vaccine update here at the white house today. i'm sure he will announce that in an open press event and also probably in his press briefing later on today, and what he will be talking about are the six candidates including operation warp speed, which has just been an incredible success to date. reporter: at last night's briefing, the treasury secretary

steve mnuchin said it could take, on to a different topic, a week or two for states to be able to execute on the president's executive order regarding unemployment benefits. as you know, the federal government will now kick in an extra $300 on top of the state payment, down from $600. earlier this morning, larry kudlow acknowledged the possibility of a two-week timeline as well. here he was. >> -- thinking two weeks so it's going to be effective august 1 so there will be a couple weeks back, and that's what they're saying, and you know, i understand people are asking the question but secretary scalia over there had worked with the states very very closely to update all the systems and upgrade the systems with cares one. reporter: last night's coronavirus briefing as well, president trump floated this idea of what you were just talking about, the possibility of a capital gains tax cut. it has been told to me over here

at the white house that this is being explored via executive order. that's the way it was put to me. explored via executive order. of course as you know, politically this would stand absolutely no chance up on capitol hill. they are looking at it via pen and paper from the president. neil? neil: blake, thank you very very much for all that. blake burman at the white house. again, the president will be addressing the nation, following up on maybe some of these developments a little after 5:00 p.m. eastern time, little more than four hours from now. chris bedford of the federalist, senior editor there, is well aware what's happening with democrats who, as you know, chris, are not a fan of the move that the president is taking to do this on his own unilaterally. this was from senator chris van hollen who was saying enough, already. senator, the president says he's going to do it because democrats were not really interested in doing anything. what do you say? >> well, neil, that's just not true. democrats have been working very

hard to do something to help the country. as you know, the house passed its heroes act almost three months ago. we have tried to get a vote on that in the united states senate. senator mcconnell has blocked it. we went to these negotiations and the administration walked away. neil: more interesting a little later in that interview, he said he did not see any hypocrisy about democrats opposing this president trying to cut the payroll tax even though they had twice overwhelmingly supported president obama doing the exact same thing in 2010 and 2012. i'm just finding that a little bit interesting. what about you? >> the messaging for democrats is exactly right, was a mess over the weekend. nancy pelosi called the whole thing an illusion when people were pretty relieved, folks i know who don't follow politics were very relieved they would not be losing their unemployment benefits they are going through right now. joe biden like you said, called

it a war on social security despite backing president barack obama doing the same thing and knowing that or saying that was something that was absolutely essential at that moment. then schumer and pelosi came out and said well, the real problem here is this does nothing for a ballots and post office security, it does nothing for opening schools. the first two things, those are not the kind of things that get voters going. the economy, making sure they don't go bankrupt, making sure they aren't he convicteevicted, important things. mail-in voting is secondary. and opening schools, they are happy to hear that. we are seeing that message more from democrats including cuomo. that's been a republican point it seems like or at least conservative point for the past few weeks and even months. so their messaging is all over the place and they lost a lot of firm footing. neil: the president does seem to want to put them in the position of rejecting a payroll tax cut that could benefit a lot of average middle income workers up to $104,000, they would be able

to take advantage of that and extending the jobless benefits that is still rich, $400 a week, with a quarter of that coming from the state. that might be a bit of a leap to get it done that way. to then reject that would mean you are rejecting that help, right? >> yes, and right now, it's worth remembering that even though some places [ inaudible ] president trump's executive order cut the unemployment insurance, cut that money coming in because it went down from $600 to $400. the reality was that money expired because of in-fighting between the house and the senate. when they came through with the executive order, this actually took all that money or at least got any money at all coming into people's pockets, it's a very very difficult messaging war to fight. the only way you could possibly believe pelosi had the upper hand with her entire wish list of left wing demands was if you were to read some of the washington, d.c. political papers which are infatuated with the speaker. it's a hero worship thing here

in d.c. they say she's going to win. she's the toughest of all time. the president it appears with the use of obama era executive orders had the upper hand in the end. neil: all right. we will watch it closely. chris bedford, always good catching up with you. thank you, my friend. be safe. talk about being safe, following the developments in seattle. chicago has been getting a lot of the attention of late but in seattle, they are pushing to not only defund the police department, but it got to the point where the seattle police chief said enough of that, i'm out of here. it's escalating and could escalate still more. dan, what's the latest? reporter: yeah, neil. the seattle police chief will make it official at a news conference about an hour from now but this will clearly be another blow to the morale of the seattle police department. she has been very popular and well-respected among the rank and file. she came up through the ranks but even more important than that, she really had the backs of the officers during that

three-week chaz occupation. you remember she said she clearly opposed leaving the east precinct which cleared the way for protesters to take over a six-block area of the city and she has defended the use of non-lethal munitions as a way to protect officers who are dealing with violent crowds. best also opposed the cuts -- cuts to her department made by the council last night. she will lose 100 officers out of 1400 in the department. the council also cut her pay and the rest of her command staff. she called it retaliatory. the council calls it just the beginning. >> i think if we had really been able to reach a pretty good initial package that lays the groundwork for much bigger transformative change to come in short order. reporter: the one council member who voted against the measure did so because the cuts weren't deep enough. she was demanding 50% instead of the 2% cut that passed. the council did eliminate the unit that helps clear homeless

encampments and urged the chief to cut officers from s.w.a.t., harbor patrol and public affairs. ultimately, the cuts are up to the chief. who that will be, we don't know. the downtown seattle association ripped the council for caving to protesters. >> i don't think it's very thoughtful. in some ways it was petty and hasty and i don't think it's going to deliver more just policing for black lives in the city of seattle. reporter: seattle now joins 19 other cities across the country that have at least partially defunded their police departments in the wake of the killing of george floyd and of course, the pandemic, and the impact on all these city budgets is also playing a part. neil? neil: dan springer, thank you very very much. dan in seattle following all of that. earlier, a lot of you responded to this guest who was in his pub when it was being ransacked and looted by those protesters in

chicago. it was pretty frightening. this is from just a few minutes ago. the manager said i want to reopen, i want to do this because i think it's important. what would you do? >> if they want to reopen, i will be there to reopen. to save the business, it's worth going back to work. i do worry about my safety a little going back down there. neil: i do worry about my safety a little bit. that is probably an understatement. gary mccarthy with us now, the former chicago police department superintendent. gary, very good to have you. bright fellow there. he was in this restaurant in the middle of it being ransacked and looted and all he and his fellow employees were sort of holed up if the back hoping nothing would happen to them but it was a scary situation. i'm wondering how many of these establishments would reopen in the middle of all of this. >> i'm not sure, neil. as i look around chicago, my own neighborhood where i live

downtown chicago, it's become a target and i've just got to tell you what i just heard about seattle is delusional, if you think that's going to change what's happening here, because we are looking at lawlessness and that lawlessness is rooted in so many different factors. it starts with hundreds of years of racial discrimination in this country which has to be recognized if we are going to move forward. it has to be a reasonable conversation about the fact we can't fix what happened in the past but we can work on it moving forward. you know, i have been saying for probably five years now since ferguson, missouri, that we [ inaudible ] with criminals while at the same time answering police. law enforcement has to look at a number of factors, not just what the police do. if the police are to be the forward point of the spear in the war on crime, there's different things that are causing this. i was happy to see mayor

lightfoot say that's enough, this is criminal activity and it's got to stop. i think this is an opportunity for her to hopefully turn the tide that's been going on for a long time. i ran for political office here, i'm certainly not a politician, but at the end of the day, what i said was first thing we have to do is make people feel safe in this city. that's going to stop people from leaving the city which is going to stop eroding our tax base which is going to bring business, tourism and everything else. this is very clearly not working, what we are doing. we got to stop doing it. neil: but they're not. as you know, chief, you have the seattle police chief announcing she's quitting because of the defunding efforts going on. i'm sure chicago police are just as frustrated. we already know what's happening in new york, where a record number of officers who want to retire right now are crowding the books. it's not a good time to be a cop. >> no, it's a very difficult time. you know, these things come in

waves. i'm fortunate enough to be at the world trade center and the support we got after 9/11 in new york city was overwhelming, across the country, across the world. this is going to pass eventually. but nobody is coming up with solutions. we are identifying criminal activity as demonstrations, we are calling rioters protesters. we've got to draw the line somewhere. it should start now. i'm absolutely, the overwhelming optimist and my expectation is we can turn this around certainly here in chicago. i know what we can do in new york because i was there for 25 years. i'm really sad to hear what's happening in seattle. i'm sorry that the policing in this country is so under attack right now but it started after ferguson, missouri after the state's attorney painstakingly

identified why he did not indict that officer and eric holder went there, the u.s. attorney, and said we could never let this happen again, it's a miscarriage of justice. he was in charge of that justice system. what did that do? that opened up the flood gates for what's happening today. today, we are reaping what we have sown for some time. we've got to recognize it and stop it. neil: hopefully cooler heads to your point prevail. they're not prevailing right now. gary mccarthy, former chicago police department superintendent, much more there, of course, 9/11 in the middle of all of that. we can harken back to days where there was greater respect for law enforcement and on balance, keeping things in perspective. we are looking at the dow running up nicely. a lot of this has to do with optimism about a virus that could come sooner rather than later, even out of russia. we don't know. this much, we do. opportunities for everybody. technology stocks are having one

of those rare tougher days. then there's what's going on with this electric car fixation. when you think of what elon musk was building, and these beautiful cars that prove that you can really go quite far on a single charge, now over 400 miles for some of their vehicles, one of the guys was instrumental to building tesla, the model s which is arguably among the more beautiful of these vehicles, now has one that's on the verge of coming out sometime next year that goes more than 500 miles on a single charge and is beautiful. meet it, because he's the stceof that company, next. i like liberty mutual.

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neil: all right. things are bubbling up in beirut again. trey, what's happening? reporter: neil, things are deteriorating very quickly here outside of the lebanese parliament building in beirut. you can see me here outside of one of the main office buildings that protesters just lit a fire outside of. i want to show you the scene over here. tear gas cannisters are raining

down. security forces are firing up on the other side of the wall. when we were talking earlier, there were a few hundred people in that spot. there are now what looks like a few thousand people. the tear gas is heavy but is not deterring many protesters. i want to talk quickly about the economics of this situation. there is growing frustration here about what these demonstrators worry what happened in the aftermath of that deadly blast a week ago. there are eight groups from all over the world here. they saw president trump on sunday with french president macr macron, they raised nearly $300 million in the donor call. people you talk to here say it doesn't matter how much money you raise, it will end up in the hands of corrupt people. corrupt people they say are linked to the militant group hezbollah. they are demanding that not only the prime minister and his cabinet resign like we saw yesterday but also the head of the parliament, who is acting in a bit of a shadow government for

hezbollah. additionally -- you can hear some cannisters exploding in the distance -- additionally today, there was new reporting. officials here knew in beirut there was thousands of tons of ammonium nitrate but officials believe it played a role [ inaudible ] there's a couple injuries here. stay with me. [ shouting ] reporter: the tear gas is still raining down here outside of a parliament building. stay with me. i just need to talk to my crew. guys, stay against the wall. i don't want anyone taking a cannister hit directly. it's fired from the top of the

building, okay? slowly walk with me. slowly walk with me. slowly walk with me. you're good. we're good. we're all good. we just need to be smart here. move backward. okay. we will step, we will step. just pan. all right. we're good, we're good. so neil, as i was saying, the new reporting today indicates that officials knew that a disaster was -- a disaster could have happened and they did nothing. that has only added to the frustration that these demonstrators have for many of the people in the government and they want to see change, and they don't believe those resignations yesterday will be enough to get that change. neil? neil: trey, please be safe. i can't believe your calm through all of this. that were me, well, you don't want to be there. thank you very very much. a week after this explosion, the explosions haven't stopped. politically or otherwise. stay with us.

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neil: you know, at first blush you might not know the name peter rawlinson but i liken him to a modern day lee iacocca, the visionary behind the ford m mustang, a guy with a knack for style. peter was the inspiration and creator for a lot of things that went into the model s, the delicate look and for tesla, the game changer that had people thinking twice about whether they should dismiss electric vehicles. by the way, including me. now, peter is behind a company that's getting a great deal of buzz. he is the lucid ceo. lucid, some people say, is trying to be, you know, a tesla killer. i think it should branch out into a far new bigger arena because this new vehicle he's working on will have a range of

over 500 miles on a single charge and could be ready as early as next year. peter joins us right now. peter, thank you for coming. very good to have you. >> great to be here. neil: this is remarkable. i have seen all the press on this, the beautiful car inside and out, but the 500 plus range, how did you do that? the best that right now tesla is offering on at least the s, the car you were associated with, is a little bit in excess of 400 miles, i believe. >> well, range is recognized as the real true measure, the single true measure of an electric vehicle company's technical prowess so we are delighted to take this to a whole new level. we have been able to do that by developing the entire electric power train enhanced, 100% enhanced and we have thrown some really serious science at the problem and we have really taken it down to the laws of physics and used the laws of physics in

an imaginative way aided by super-computing technology to create a new landmark. we have reimagined the whole electric power train from battery pack, motor, transmission, all the power electronics, to create this new landmark. neil: let me ask you about how you charge it up. could you use existing even like tesla's chargers that are available in lots and lots of places, or is it proprietary? do you have your own? >> well, of course 90% of charging -- 99% of charging is done overnight at home. that's what the statistics show. but fast charging for long road trips is an essential part of the bigger picture and for that, we partnered with electrify america which has a growing network of 1,000 volt charging stations, fast charging stations, which run up to 350

kilowatts, and this is more powerful than any other charging infrastructure. lucid has actually proven that it's using -- it's capable of using the full 350 kilowatts and our system is over 900 volts and that combination means that it's very fast charging. neil: how many of those stations are there for the time being? i know you are just getting started but that's the rap against competitors to tesla on this, that it's everywhere now. >> absolutely. tesla has got a 400 volt charging system. our car runs at over 900 volts and it uses electrify america which is a 1,000 volt system, up to 1,000 volts. there are already many thousands -- neil: but you can't use those tesla fast chargers, right? they would not be operational on your vehicles, right? >> well, our cars have got an

on-board boost charging capability. paradoxically, we are able to plug into 400 volt charging station and the car is capable of boosting that voltage up to the over 900 volts so theoretically, yes. neil: so when you say -- sorry, i'm a little slow here but you're the genius, i'm not. theoretically, you could use those charging stations, right? >> theoretically. neil: in other words, it would boost them up. okay. >> absolutely. neil: this is a car that's priced over, i think it starts over 100 grand. who is buying and who do you think is going to buy these vehicles? >> look, we are overtly targeting this car against the luxury segment and that's dominated by internal combustion engine cars, mercedes, audi and bmw. this is not a tesla killer. please don't describe us as this. we want to co-exist as part electric vehicle revolution.

there's plenty of room for us alongside tesla in respective parts of the marketplace. we are really targeting an s-class mercedes customer. neil: all right. henry ford said the same thing about the horse and buggy crowd at the time, we're not here to replace them. we know what happened. i'm joking only to make the point. the allowances and tax rebates a lot of folks were getting for electric vehicle purchases, they are sort of phasing out. does that worry you, that you will have to, you know, sell it on the appeal, the look, the style, and that's it? >> there's so much to appeal in an electric vehicle. people are really catching on to the inherent advantages of electric cars. they are much more exciting, more dynamic, pleasurable experience to drive. we don't need to sell it on

credentials of discounted price or some sort of artificial construct. the car will sell itself because it's inherently superior to its gasoline counterpart. neil: well, i was a doubter of this whole technology in the beginning mainly because of the limited range. you addressed that in your tesla days. you really addressed it here, in your new company. it's something to watch. your competitor to watch out for. peter, we will follow it closely. peter rawlinson, former tesla vp, new lucid ceo. you've got to see the specs on this car. stunning. right out of the future, like now. more after this. (vo) we've got your back, road warriors. because we know you want to get back to going your speed...

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50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. talk to your doctor or pharmacist about protecting yourself with shingrix. shingles doesn't care. shingrix protects. neil: all right. we might know as soon as later today, maybe tomorrow, midweek, we were told in the beginning when joe biden was teasing his vice presidential pick would be known sooner rather than later. we are told that it's been

winnowed down to two people. no way to know for sure. charlie gasparino, what are you hearing on this? charlie: some people say it could be leaked out today. most people think they are going to -- they established sort of a framework today as to how to roll this thing out so it's likely to be coming out tomorrow. that's kind of what the thinking is. again, nobody knows for sure. this is a very closely held secret. it's joe biden, his wife, a few people in the inner circle. clearly he's made up his mind and now the guessing game goes on. you know, again, the guessing game mostly centers around kamala harris, the senator from california, and susan rice, the former ambassador. here's the thinking that it's susan rice. if you look at the lineup for the democratic convention, her name is notably absent. you would think she would be in there because she's a democratic party leader, but the fact she's absent, people are thinking that

must mean they want this to be a surprise and they are going to put it out there and she's going to be the vp. i can tell you that in some of these sort of wall street betting arenas, her name has shot up now ahead of kamala harris as the likely vp candidate. harris, on the other hand, still, when i talk to wall street people, they understand the logic behind rice and her name not being on the list but they look at the logic that she's been vetted, she's a sitting senator, she can raise money, she can be the president and that's what this person is going to have to be, president maybe, because of joe biden's advanced age and that's why a lot of people think it's still her. i'm giving you both sides. i have no idea. my sources are not in the inner circle, they are wall street players that are in the periphery. they have no idea. and it's anybody's guess but you know, if you listen to the smart money it's down to those people

and i just gave you the rationale for both of them. one other thing i should point out is that we are reporting this, a lot of people are reporting this like joe biden is going to be president. that whoever is his vice president, his selection nominee will be the vice president. i want to say one thing. i suggest to people, look at the realclear average politics polling. joe biden still does not get above 50% and that's despite the fact that donald trump has had a rough three months or four months, and number two, i would just say look at the markets. the markets are not pricing in a biden victory which would be massive regulation and obviously if biden wins he gets the senate, then he can clear -- he has a clear slate essentially to raise taxes, particularly on capital gains. you would think there would be a selloff and there isn't. now, you could say people don't know where to put their money, interest rates are at zero. there would be some dislocation at some point if biden, if the

markets really believe biden's going to win, and the markets are clearly hedging. sophisticated investors are saying this ain't over yet. so just keep all that in mind as we report this out. there are debates to go, there's a vetting of the vice presidential candidate, whoever it is, is going to be auditioning to be president and people have to say oh, do we want susan rice as president, really, do we want kamala harris as president, or tammy duckworth, are those people who we really want as president. there's going to be debates and joe biden at some point is going to have to emerge and give speeches and talk on his feet which we know he's not great at. so there's a lot to go here. but you know, it's going to be a big news day for biden in the next 24 or 48 hours, and i just laid out the odds on both the front-runners for his vp candidate and who knows, maybe he turns around and selects michelle obama.

i have no idea. nobody -- and nobody i know has any idea, neil. back to you. neil: that's right. you never know. we always know enough in the consensus more often than not is wrong. what you say about the markets could be telling in and of themselves what they are telegraphing. charlie gasparino, thank you very very much. again, we are expecting that announcement out of joe biden either today or tomorrow. remember, they said originally midweek. people are actually parsing through that. thursday can also count kind of as midweek. if you work on saturday. more after this.

neil: all right. we might know later today about those five big ncaa football conferences that are deciding on their fate and whether they will have a football season, whether indeed they will. they make up the lion's share of the big bucks that come colleges' way thanks to their football programs. a lot of them have already telegraphed they might either postpone or outright cancel the season all together. doug eldridge back with us now, sports agent, et cetera, so much more. doug, what does your gut tell

you, whether we will have a college football season, period? >> you know, i have to tell you, mr. cavuto, to me, it's less n than a 50/50. i couldn't call it. if they do end up canceling or postponing it, kick the can down to the springtime, they are really kicking it to the fall of 2021. on one sense there's a concern about this new emerging data regarding a lingering heart condition within power five conference players but at the risk of sounding contrarian or like a cynic, from a legal standpoint there's a far bigger concern. not only the prevailing liability from positive tests for players moving forward, but also the bigger legal ramifications if they were to forfeit the request for a trade association, much less union status. that would completely destroy the ncaa paradigm. for all of these reasons, i say it's less than 50/50. neil: doug, please call me neil, by the way. we talk to each other all the time. >> yes, sir.

neil: but in all seriousness, we have the clemson quarterback saying we would like to play and the president agreeing with a lot of the players who want to play, but are there more players who are anxious about it and the legal issues that you raise? are they winning out in this early go? what would you say? >> well, it's two different perspectives. let's be clear about that. first of all, from the players' standpoint, i think nothing is lockstep or absolutely in unison but the overwhelming majority want to play, whether it's just they want to close out their college career or they see this as a positive transition in terms of opportunities at the professional level. but on the ncaa side, that's really a legal concern, the ramifications weigh in. let's be clear about something else, neil. this is not the sport of football. even at the collegiate level, it's the business of football. let's look at what the ncaa brings in during the college football season. are y you are talking about $2.2 in

media rights, $2.6 giving from alum alumni, $1.1 billion from ticket sales. i could go on and on. that's across the ncaa landscape. when we talk about what this actually means and we talk about the players' desire, the hash tag we want to play, the more apt description is we want to produce because while they produce on the field and lay the foundation for tlar traheir tra to the pros in a football context, they are producing for each member institution. wisconsin said they will be in the red $100 million if the football season isn't held this fall. to say that a lot is hanging in the balance for both parties, both in the short and long term would be an understatement of sorts. neil: all right. at the very least, some of them are looking for delays, some to push it back a month to the start of the season. i guess in all cases they would be playing to empty stadiums so it won't be what folks are used to, right? >> no, sir. not by any measure. you know, you and i have joked in the past, you know, about the notion of either piping in crowd noise which i think we are both

big fans of, or having the digital fans or even cardboard cutouts. whatever the case may be, this is going to be a season and a year, again, at the risk of an understatement, like we have never seen before. the question is, do we completely scrap it in its entirety, do we create some type of modification, but what the ncaa is most assuredly cognizant of is in this multi-billion dollar money printing machine that we are sitting on top of, what is our short-term and long-term ramifications. the players, god bless them, they just want to play. but here's the other thing to consider, too, neil. college football is the engine, right, that produces for the entire athletic department. stanford, we have already seen canceled 11 sports earlier this year. all of which were olympic sports or at least i believe 9 of the 11. not only do we ostensibly see the tree dying at the root level in terms of the foundation and nutrients but we are also seeing the ends of the branches, meaning the non-revenue generating sports, the olympic sports, volleyball, fencing, rowing, all of which feed the

olympic pipeline die on the vine or at the end of the branch. we could see, i don't want to sound like a pessimist, but we could see the proverbial ncaa tree as we know it dying both at a root level with big money fortification, hydration ever college football but also out on the peripheral which is to say the non-revenue generating sports that produce and i'm proud to say so many of our olympic medalists that my firm has represented over the years, they were collegiate athletes in non-revenue generating sports. we are seeing the ncaa losing on the football level, we are seeing them losing on the non-revenue generating level. we have already seen them cancel march madness in its entirety just a couple of months ago, and that was a billion dollars in earnest. a billion dollars. so this is, you know, we often start to think of this stuff sounding like monopoly money from tens of millions to billions and now tens of trillions when we talk about federal budget shortfalls so we start to lose concept and depth perception when it comes to actual scope of this money but i will tell you who doesn't, who doesn't lose context and lose sight of that.

that's these kids who aren't being paid a thing but perhaps their athletic scholarships and they just want the chance to compete and prove themselves. academically in the classroom, athletically on the field of play and to raise to their highest level possible. i hope for them at least viewed through that lens, they get a chance to do so. neil: as you say, they might not. doug, we will watch it very closely. very good, my friend, just to get the tip of the hat to doug. months ago, when they were first kicking around will we have a fall season or not, he was doubtful back then before it became cliche, we are increasingly there. keep in mind, if you cancel sports, you are providing more ammunition to cancel classes. stay with us.

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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 vladmir putin says russia has registered a virus vaccine to deal with covid-19 directly and that it is already working. he has already given it to his daughter. what is not to believe or doubt? let's go to john hannah, former national security advisor, former vice president dick cheney. there is a lot to doubt, john, obviously when you look at the track record putin has said and russia's promise and mentioned, not the least of which this came out of the blue but what do you make of it first off? >> yeah, hi, neil.

listen everybody want as solution. everybody wants the end of this scourge. but we can only hope the russians produced a miracle here but the fact is there are some reasons to be highly skeptical. russian scientists haven't shared any of their research and homework with any of their international peers on the work they have been doing on a vaccine. we know for a fact that they haven't done nearly enough human trials to have any level of confidence in the efficacy and safety of the vaccine and we know that putin himself has totally politicized the search for a vaccine comparing it to a new space race, suggesting that russia is going to get there first, to demonstrate they are still one of the world's leader international powers. so all kinds of reasons to be skeptical and doubtful.

in addition to the fact that russians are working overtime, from western intelligence to hack into international labs and international companies working on a vaccine to steal their intellectual property because they don't have it. neil: all right. they have even named it sputnik to your point. real quickly, if they did have it that's a game-changer. >> again, everybody wants this thing to end, whether russians, chinese, or americans who get there we have some national pride of the first thing to national hello crisis to solve this virus. no doubt whoever gets it, will have huge gee owe political advantage and a major financial windfall. that is uppermost in putin's mine so no doubt by making this kind of announcement. neil: seeing how many can benefit from that, not the least of which is himself.

he argued that his daughter tried it. don't know if she tested positive for the virus. john hannah, thank you very much, my friend. i leave you with that, the dow up 315 points, optimism someone is getting close to something on this. we'll see. charles payne, to you, my friend. charles: thank you very much, neil. good afternoon, everyone, i'm charles payne and this is "making money." breaking at this moment another strong day from the also-rans. you know they were watching the rally from the sideline? they continuing to surge. buyers are buying growth and defensive names and those that benefit from a strong economy. by the way it is not just vaccine hype. there is a lot of proof our economy is kicking up steam. believers have to get in now as the train is leaving the station. i have information to help you get in the best position. speaking of vaccines, russia is claiming they're winners in the race for the coronavirus. officials are skeptical. they're not only