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tv   Cavuto Coast to Coast  FOX Business  August 14, 2020 12:00pm-2:00pm EDT

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david: a quick program may know, catch maria bartiromo's interview with president trump on "maria bartiromo's wall street", it starts at 8:00 p.m. eastern time, stuart will be back here next week. i hope you like the show, it's time for neil cavuto. neil: i have your energy, david asman, thank you very much. we are following on the same developments, we just got word out of new york governor's office that he will be issuing a statement of something to do with gyms in the all but shut down. there's a very aggressive e-mail on the part of fitness and others to reopen the mortgage the governor to reopen them in close gyms are actually working against defeating the virus, this is a great way to counter that virus.
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we don't know what the governor is planning, we just got wind that he's going to be doing something on monday on that, it can't come a moment too soon in manhattan were there still ghost crowds, we are following other developments as well including the president, he's about an hour away from speaking to the nation, he's going to be heading to westminster over the weekend and visiting his brother who is in the hospital, we don't know much more about the details and whether the president or share anywhere details on his brother but we do know he is going to outline the latest on stimulus and where it stands and aware we have the executive action orders, we know as well that there's no one to take him up on capitol hill because no one is there, you look at a live shot at capitol hill where there's nobody live inside, the houses outcome of the senate is adjourned through labor day, if
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you're expecting any immediate action on stimulus, it is not happening right now at least if you want congressional roles, the latest from the mississippi governor, they had an unusual spike in cases in schools right now, what that might mean for the governor whether we have to push the school season back, there you have more virtual classes than what was originally planned, this came out of nowhere, the governor will join us shortly on what happens now. in the meantime i want to go to edward lawrence on capitol hill, one of the few people working on capitol hill today, he has been looking at various efforts to get a stimulus deal reached. i guess they could do that virtually but it's an uphill climb for them to bridge their differences. >> first they have to actually talk, it is interesting traffic has really not been that bad because as you mentioned the house and senate are both out, the president today, let's start with that, in an hour have a news conference he will outline where we are with the coronavirus package and he will talk about where we are with the coronavirus itself in the united states, then he's going on to
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investments or, he said all speak to the city of new york police association at the best mr. resort, he received a national association, this is another step to get the police vote, while in new york, senior administration official says the president will see his brother robert in the hospital who is said to be very ill, officials say he has a very good relationship with his brother and his brother is very special to him, on the next coronavirus relief package, the classic definition of a stalemate, congressional source tells me there's no communication since wednesday and the phone call that the two sides had in the house speaker nancy pelosi says talks will start again only if the republicans go back to the table with $2 trillion more, the treasury secretary steven mnuchin says democrats have no interest in negotiating in the white house saying this is a shell game, the way the democrats are coming down in price is just to move the date up before they deal, it is not
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cutting anything. the chief of staff says there should be a smaller package with a desperate need for the american people. >> we are very disappointed that leadership or and speaker pelosi are unwilling to come to the table to negotiate a better deal at three and half trillion dollar price tag was absorbent, this administration was not interested in billing out state in cities that have been run by democrat leadership for generations. >> here we are, the house went into recess last week and they won't be back until september 14, the senate won't be back until september 8 but senators have been told they'll be have a 24 hour notice if there is a deal to come back and i'm guessing they can probably make weekend vacation plans if they wanted to. neil: all right, thank you very much, edward lawrence in washington, were getting more details out of the near governor's office about what might happen next week because we learned a little bit about something that could happen next week and the governor saying the bowling alleys can reopen if
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they have capacity on monday, the other side is what's going to happen to the gyms, there's an aggressive e-mail campaign and we have the ceo on here yesterday talking about how we urged all the patrons particular in new york state where he operates a majority of the businesses to urged the government to reopen and they will be auditing distance capacity and all of that, wiping down the equipment and we understand that the governor got thousands of e-mails and letters, there can be a response to that, whether he reopens on the limited basis or the strict basis, have capacity, capacity, we don't know, that could be next week, if we find out more we will let you know, also letting you know the latest on coronavirus cases that have now top 600,000 in the state of california and we have two back of two back days and those are
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the headline numbers, positive trends going on but a lot of people are not paying attention to. our reporter steve harrigan has the latest from atlanta. >> the point person on testing, he is saying there are recent encouragement and some of the numbers out there, mainly the rate of infection and hospitalization numbers, here's admiral gerard. >> the percent positivity is going down, were now under 7% of the country in 6.53% of the country. we also know the hospitalizations are going down, what is lagging and we talked about many times is that mortality is unfortunately a lagging indicator. the death that we see today are result of infections for - 8 weeks ago. >> the admiral also says the wait time for getting results back for the test is getting better, he says for 80% of the test across the country the
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weight is less than three days, they're hoping to get it to 24 hours. here in georgia the governor brian kemp has dropped a lawsuit against the mayor and the city council trying to block a mandate on mass grading, the governor is expected to add an executive order that allows businesses to opt out of any mask mandate, that is not the case and south carolina, the state does not have a mask mandate but it does allow cities and towns to make a mask mandate of their own and it does seem to be working in places in south carolina according to state records where there is a mask mandate it's down by 46% in south carolina as opposed to regions where there is no law to wear masks. back to you. neil: a debate on when the vice president joe biden said that he would make it a federal mandate and that would be to the entire country and there are some places where would not be necessary, what's been the reaction to that. >> the reaction has been favorable in south carolina, the
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governor does not see enough to make it a push, if you see on the region, there are some places with very low rates were there enforcing mass grade would seem ridiculous but it has been remarkably effective across the state as a whole. neil: thank you very much, my friend steve harrigan reporting from atlanta on that, in the meantime an unusual spike in student related cases, right now going on in mississippi, i don't want to overstate it, we had 22 separate instances of an outbreak in schools there, it's not a calamity but something the governor and the state is watching very closely, the mississippi governor is back with us, good to have you back, can you tell us a little bit about this, how is this affecting the plan to get schools back and in operation on a regular basis? >> thank you for having me on, it's always a pleasure, obviously we are monitoring the situation and our schools very,
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very closely, we have approximately a third of our school started back last week, approximately a third of our school started back this week and the rest will start back some point over the next couple weeks. that being the case we have about 450,000 kids in prekindergarten through 12th grade in mississippi and approximately 300,000 of them are back in a classroom learning. while 22 official cases are outbreaks, we decided three cases. but 22 potential cases is obviously something we are monitoring but out of 300,000 kids that have been in school over the last couple weeks it's a very, very small number in the most important thing is that we are addressing it, we have individuals who have tested positive and they understand they are doing no that we are taking kids and the teachers
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that are coming in close contact with the positive cases, we are quarantining those at home for 14 days and so unfortunately, this is going to be the necessary evil that we are going to have to deal with in the fall but it is very important that we get these kids back in school if it weren't for the extra effort to make it happen. neil: what are the breakdown of those schools returning virtually versus in person, maybe hybrid of those? can you tell us. >> we have 140 school districts and virtually every one of them has passed virtual, many of them are returning and giving a hybrid schedule and some will come into the classroom three days a week and the other group will come in for two days a week so we can ensure we only have half as many people but in many of the districts across the state, we are coming back and doing traditional schools because we have the capability of making sure that we maintain
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social distancing, i did sign an order which requires masks for all students across our state, we know when we look at pretty guarded through six grade, those younger kids are mos much likelo contract the virus and less likely to spread the virus or at least that's what the data suggested. for then we believe that they need to be in the classroom and certainly seventh through 12th grade, virtual options make more sense and so a lot of them are doing a combination of being in the classroom and virtual and it just depends on the individual school districts. neil: we will monitor this very, very closely, the mississippi governors keeping track of this. at the height of his falling out politically, on both sides of the aisle they say it will lead how voters proceed to handling the coronavirus situation and will determine whether he is
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reelected, we will see, we still have some weeks ago and pulls her tightening a little bit but not a lot, elisha collins joins us right now the political reporter. every time you and i have talked, italy's comes down to the virus to the growing cases and are we seeing any promising news on the vaccine front, we have half a dozen with the company competing to have something out and maybe a matter of weeks or months. but that is variably the focus, i'm wondering politically if it is as well. >> absolutely, polling does show biden with a substantial lead but the virus, we will have to see what's going on with the virus has we get closer to election day in both economically as well. neil: i'm wondering too, in the background, not always in the background because some of these numbers scream improvement or
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come back from where we were, jobless claims below a million, that's been a high topic number regardless at 963,000 but there well down the first time in 20 plus weeks that we have seen them under 1 million and it continues a positive trend where retail sales are stronger than a lot of boats, again, pattern of data that virus or no is running and the president's favor, doesn't matter at this point? >> that is certainly what the term campaign has talked about, overseeing the president and his campaign showing graphs that show an increase in these numbers which certainly are a positive sign, there are still a lot of people who are really suffering economically and the longer the virus goes, there's a
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standstill on capitol hill over on employment benefits, those are affecting real people and those people vote. we have to see as we get closer to november but even though the numbers and the trends might be going up, there's a lot of people who are suffering and if they have the jobs, maybe they're stuck at home, worried about their families, beyond just looking at those trendlines. neil: the president always mentions the markets and certainly the comeback that we have seen, we just completed 100 trading day. where the market but in the best performance and by the 1933, a lot of that of course came from our march lows when we were going to look like we were freefalling, from that. most of the averages are of 40% or more in one case 50%. does that resonate with voters here that when the president talks about that or is there a disconnect? >> i have not talked to voters in a little while. when i was in the beginning of the virus were before, the market was not what they were talking about. they were talking about the
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issues that it directed them effectively. and now when you have people losing their jobs and people worried about healthcare, healthcare was the major issue in the 2018 election and we were not in a pandemic. i think you're going to see those issues be front of mind, there is a part of the population where markets do matter but the average voter is not talking about the markets going up, they're talking about what affects them and their families. neil: will watch it closely, good catching up with you, elijah collins of the wall street journal. there have been pockets of strength in the economy that have benefited as soon as people had a chance to get out of their home, a good many of them on buying homes including a very unique service, we might call it a digital startup that provides the memes of doing this all online, apparently people have, let's get behind that company after this.
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neil: we are getting new details out of california and is biking cases, the california just becoming the first state in the nation to surpass 600,000 confirmed coronavirus cases, further there are more than 602,000 reported cases as of this hour, nearly 11000 deaths. the governor there has put on opening plans to address the statewide, we don't know the latest data will affect further decisions there, los angeles county, the effective transmission rate of the virus is now at .86, that means for every infected person who passes the virus to an average. last week that was .91, gets a little arcane he is, and to say that the golden state still has its problems with this virus, having said all that, california is the exception to the rule
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even though we've seen is biking cases and new cases at that, the trend seems to be stabilizing somewhat, that has shown and a number of economic numbers that we have been seen particularly in the housing industry, mortgage refinancing, those applying for mortgages right now that are at record lows and activity that seems to be accelerating at record highs, entered the next company blend, it is very, very big on providing support for biden enter banks and financial institutions that streamline the process for you, it might sound like a lot of stuff here but is divisive to say that banks rely on this company to streamline and make it easier that process for people coming out of their homes and looking to buy homes, the guy behind it joins us right now. the ceo and cofounder of blend. very good to have you, thank you for joining us, your business has been booming, hasn't it?
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>> i think the pandemic has really accelerated the need for digitizing what was traditionally a daca entry document and paper heavy process, were more people want to take advantage of that during the pandemic where they don't want to meet with people in person. neil: i remembered your mission statement saying we form partnerships with banks and lenders to ensure consumers have access to less stressful more accessible lending experience, does that mean the banks are not part of this, explain that relationship. >> the relationship wework with banks to provide the software labor until later that they use for consumers you and me a better mortgage experience, that could be if you have a mobile device, on the phone, in person but we want to take a lot of the friction out of the process so when refinance rates or all-time lows and people are trying to move into more suburban areas, they want to do that as simple
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and his family as possible and our software helps do that, it's a pop from used a 250 banks across the country and credit unions and mortgage companies. neil: so they essentially contract out to you, is all right. >> for the software layer, absolutely. neil: obviously given the boom and mortgage financing, refinancing, i'm sure it's an overwhelming process and companies like yours benefit but it is still an overwhelming process and we always hear talk of people who are ready to go, have the money to go in the paperwork where the digitized or not delays them, is that an issue for you? >> that is the issue that were fundamentally trying to solve, i think more and more consumers have access to more and more the data which means they can give that to drive a world where
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there's much less paperwork and they can do the paperwork that they want, if we launched a product called blend closed which allows us to close a loan over video chat just like this instead of having to meet with the notary and person a stack of papers, i think were excited but also so good for consumers and the bank customers in the credit unions to serve their customers. neil: . neil: we heard that a lot of people were sort of really to draw dramatically improve their situation, that might have helped him in the process where they're looking to buy homes or refinance the ones they are in, what you know about making good about getting the loan? >> two year point more people refinancing and rates are low and when money is tight and rates are low and you have a loan out, you can save hundreds of thousands of dollars a month depending on your loan by refinancing. that can be the difference from being able to afford payments
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were not, your job, take a new job with a lower salary, but also what was surprising going into the crisis, amount of people purchasing new homes is opposite, on our platform in july we more than doubled our year-over-year volume in july across her lender based on purchase loans in a world where i thought people were going to hold off on making big life purchases people were going to make that move because they want to make new geography and suburban homes and have more space during the pandemic, we are seeing that pickup and despite the fact were in the middle of this. neil: the demand is unequivocal, i'm sorry, it's a fascinating business you have carved out here and what that does, it is very, very much in demand, thank you very much, best of what to you. >> thank you for having me. neil: all right, in the meantime we are getting a tweet from the president, i told you that the house and the senate skip town
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and they won't come back until labor day, he's acting on his own in a matter of his executive action and he's taken to get stimulus out to folks, the latest tweet, i have directed he talks about steven mnuchin, the treasury secretary to get ready to send $3400 for a family of four to all americans, democrats are holding this up, the $3400 figure, we don't know what income qualifications are for that sometimes multiple children of course, it goes up to that amount, there's been talk the individual amount would be 1200, $1400 but it's very clear that the president is saying if you won't do it congress or skip out of town, i will, now the question becomes legally can he do that. more after this grad ending. 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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it's ridiculous. so ridiculous. with paycom, employees enter and manage their own data in a single, easy to use software. visit paycom.com, and schedule your demo today. neil: the president tweeting out an interesting development in recognizing the 100th
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anniversary of women getting the boat and everything else, he is talking instead about wanting the bill to women in washington, d.c., i've done work for women than anyone in the president history as we celebrate the 100 anniversary of women voting rights, it's a beautiful statue in washington to honor the brave women who made this possible for our great country and congressman sending hr 473 asap in making this happen, will inspire all to continue to be bold and brave in achieving their dreams. so whatever your point of view, more women would probably be enthused about equal pay than the statue but that's neither here nor there, the statute could be coming, the equal pay saying that a inhabiting yet, not by a longshot, we're following that and were also following brian yunus where a lot of folks are looking at the cities states, enough already, florida has been a huge beneficiary of this nationwide
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in high costly places, just out of west palm beach right now, brian? >> neil, good afternoon, there's going evidence that people are fleeing the cities of north and heading to florida, we are at the storage and west palm beach, take a look at the warehouse, 180,000 pounds of people stuff from the city up north, chicago, new jersey, connecticut, new york sending their stuff down here because they are moving down here, business here at the storage is up 50% compared to the same time last year, this is more storage than they have ever had in their 100 year history. >> if you look at our increase, it started, for whatever reason, it started about april, it is federally increasing and usually our season ends about the end of september, we don't see that
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happening, we see a book down it's october and november already coming from other parts of the country. >> there are no signs that this is slowing down. >> not yet. >> people moving from the city up north and coming to the suburbs afford a are having their stuff held him storage because the real estate market in florida is highly competiti competitive, people looking for single-family homes and even the condos, if you look at the statistics, look at the prices for single-family home in florida is up nearly 5% to a median price of $277,000, condo prices are even up, 6%, median price of about over $200,000, we talked to realtors down here, people are buying property sight unseen even virtually by looking at it through facetime. >> they're not coming to shop or on vacation, they're coming with a specific agenda to execute, purchase and come here. >> yeah, these wooden ball told
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a thousand pounds of each stuff, sofas, refrigerators, garden hoses, exercise machines, you name it. it's an incredible scene, is a rotavirus hotspot, but people rather look at the severance opposed to being in the big ci city. neil: that's incredible, if my wife had to collect one of those, she could fill up that whole row behind you. thank you very, very much. good stuff. in the meantime we told you about california who just had a spike in cases, 600,000 total cases, that's a big state, a lot of people get that but it's a costly issue for california as well, right now the federal government helping and most states. this is a situation that will keep californians in the red unless something is done and they will have spending rates and raise taxes, i guess an
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assembly man is sounds like a wealth tax on those five work in excess of 15 - 30000000 individually, can you sign on with that? >> yes, thank you for having me, were proposing a wealth tax which applies .4% tax on wealth above $30 million, it affects about 1.5% of the california population, not the top 10% were the top 1%, the top .15%, 30000 people, should generate some $.5 billion a year. neil: how does it work, is it 15 million for individuals, 30 million for individuals, how does that work. >> yeah, if you're a married couple filing jointly, if you $30 million in joint assets, the
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over to 30 million is what is taxed, is taxed at the .4%, you get the first 30 million untaxed in the next 10 million is taxed at $40000, the next ten another $40000. neil: if i am one of the 30000 or whatever you said assemblym assemblyman, what's to stop me from bolting, mark would've put up with this, i'm out of here, many have already. >> a common argument and certainly worthy of consideration, california we've had taxes on millionaires in the past we raised them in 2012 by 3% in millionaires and billionaires in california has grown, we have 25% of the nation's billionaires, 70% of the millionaires, those numbers are up and were going to be the fifth largest economy in the world, while worthy of consideration that is not and outcome of the data does not show that will happen and we structure the wealth tax so avoidance is not as simple as
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moving to another state, we have a phased approach where if you move in year one your 90% of the tax bill applies to your one in 80% in ten years until it phases out. so we looked at the wealth tax. neil: wait. are you saying that after they move, after they left, you are still taxing them, there no longer a california resident, you can't legally do that. >> for ten years, the wealth was accumulated during their time in california with the state of california and that is what were proposing in our bill, we believe we can do that, certainly were open to dialogue and discussion as we move the bill forward but we think it's a sound approach in as a strong equal foundation. neil: it sounds like they be prisoners of california, they might hate getting screwed. but you're not letting them leave, if you say you leave i'm still going to zoom you.
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>> you remember senator elizabeth warren had a penalty if you changed citizenship, this is not that but this does say it recognizes the fact that wealth was accumulated over time in the state of california and if are going to have a wealth tax. neil: what if it wasn't, what if someone moved from another locallocation moved to californ, worth a lot of money and got that in another state and another locale, he or she arrives in your beatable state and learns that that wealth is going to be taxed? >> it is a beatable state, thank you. when people move in from out of state, the same applies, the wealth tax phases and 10% a year over ten years so they're not hit with it on day one, it recognizes that wealth may have been accumulated outside of california and once they moved to california. neil: if i am one of those who knows i'm a wealthy person moving to california and i know
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they have this graduated plan, a wealth tax that's going to start from the day i moved there, why the hell would i want to move there? >> because it's california, because we've had the latest business ecosystems, markets, the largest state in the nation, the greatest education system for workforce, we have silicon valley in the ecosystem. neil: you have a lot of alerts that appeal to a great number of people, but the fact of the matter, there apparently not appealing enough for scores of companies to leave your state, go to places like texas or florida safer confines for their selves and their money. it hasn't been just an exit it's a jailbreak. >> look on the margins, some businesses may decide to leave, that's a decision, we still do have. neil: they already have. >> we have quite a few
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successful businesses in california as you know. neil: the running away, they are running away. >> are millionaires and billionaires have grown, our economy has grown. i don't think the image of folks fleeing panda out, i don't think it's historically true. neil: you are representing that a little curiously, the millionaires and billionaires you talk about is over the course of time that people's wealth has increased in california as it has increased across the country, it's a little disingenuous for you apply the people with record numbers, i gotta be in california, there are plenty of other wonderful places for them to be. i know where your heart is as ugly men and i get that, but do you think it's a boomerang on you and a lot of people you're counting on to foot the bill will say to hell with you. >> i don't think so, we have 150 approximately billionaires in the state of california, their wealth has grown $175 billion
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during the pandemic and we have people as you know will publicly stated, saint tax me more, impose a wealth tax, i want to invest in the common good, our common future, i know were all in this together. so we like to look at data and evidence around millionaires in california and billionaires, they have grown, they are not fleeing and this is a way to address some of the most challenging issues, the climate crisis, the healthcare pandemic, or education system and its patriotic and fair. we believe in california for all and i believe millionaires and billionaires believe and not to. neil: we can go back and forth on them numbers of the billionaires and millionaires is more or less and whether the growth itself has made more people that not category, but it's interesting what you're starting, i know there's others who are exploring exactly what you're doing, you started
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something assemblyman, we'd love to have you back, thinking in the meantime. >> and be my pleasure, thinking for having me. neil: we will have more after this, you are watching "coast to coast"
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neil: we are getting a lot of reaction with california assemblyman who wants to be the first of the nation in california to see a wealth tax, the accumulation of assets in your value is not the tax on it, represents under 1% of californians, but it could amount to billions of dollars, charlie gasparino, so i am lucky, gary, your thoughts on this, you are in a state where people have come in rows because of the tax environment that virtually no tax environment. >> i just think complete and utter disrespect for the taxpayer from what i heard in
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the interview, we heard that they raise taxes before and we have more now so we can go ahead and do it but i think the one thing that stuck out for me, the plan if somebody decides to leave and we will stick it to you for the next ten years, he knows there is going to be repercussions because people businesses and capital will flow to the places that they are treated best if they decide they're not treated too well, they are gone, but no we will try to put a law in that state, we will extract your money for the next ten years, it's amazing to listen to them. neil: what do you think of that, that's a unique future, don't think that you can both the stake without paying us. you got that money in the state and were going to be going after you for years. >> i'm not a lawyer but it sounds highly illegal, let's put
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this in context, you move and become a legal resident of florida or texas, governor cuomo in new york can't impose the new york state income tax on you because your illegal citizen of florida or texas. but i don't know how you impose a wealth tax on a noncitizen, there is also worth of laws involving the interstate commerce, part of the obamacare supreme court challenge, i remember early on it was rejected vertically by chief justice roberts with the whole notion of an interesting commerce clause that violated but this is it obamacare, this is not a federal law, this is a state law imposing another on a member and a citizen, a legal citizen of another state, that is mind-boggling. neil: that seems a little dicey, on that issue, what people are pulled on the subject of should
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you go after the rich, overwhelmingly they approve, especially if it is not them. in my state of new jersey, we seen similar and new york when they talk about going after the 1% crowd or even thinner slice, leave it to governor cuomo to say that can go too far, begging billionaires to come back, he will cook dinner for them if he's a chef like charlie gasparino, that might be worth it. >> i am wondering, there you go, but what do you make of that, this is more popular then were led to believe? >> you said the magic word, because it is not them, if it does not affect them, sure, go after somebody else in their money, i'm pretty sure i heard 30000 people in california that fits the bill of where they
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would extract money from, do you know how easy it is for the 30000 people to walk, this is not like going across the ocean, i tell you and florida, in my neighborhood, their building hospitals, corporations are jumping all over the place coming in here and amazon fulfillment centers, they did not have a congresswoman stop them from opening about 20 miles from here where they have attended people line up to get jobs there, again i have to get back to my favorite line, people, capital, businesses will end up going where there treated best, there's been a lot of wealthy people come from new york down to florida in the financial business as well and in manufacturing, if people have a lot of wealth, that's where the tax comes to and that's why were growing like crazy in florida. neil: a place near you it is a
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small world after all. i wish we had more time to thank you very much for weighing in on this because this is a trend, the assemblyman wants to do that many others have been looking to do either nationally or individual states that are hurting for money. after this. ♪ hike!
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neil: we are awaiting to hear from the president of the united states, his briefing is five minutes or so away. he is hinting more stimulus coming for average americans, this is congress is out of session for the rest of august, the senate and the house skipped town but anyway he's talking about steven mnuchin the treasury secretary to get ready to send direct payments, $3400 for a family for all americans, democrats are holding this up, this is in addition to some of the measures he introduced earlier this week, executive action if you want to call them that that will do everything from cutting the payroll tax for those earning less than $104,000 a year to providing an appointment benefits up to $400 a week from the $600 a week level, the issue there 100 of that would come from states and the states are saying we cannot do this, we will not do this, the back-and-forth continues,
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neil: welcome back, everybody. i'm neil cavuto. you are looking at the briefing room at the white house. the president will be addressing the nation very very shortly. he's going to be heading off to new jersey, also to visit his brother, who is ailing right now. i believe at a new york city hospital. when he's in the new york metropolitan area. but right now, he is sending out teasers about adding to some of the initiatives he did earlier in the week to provide stimulus relief of his own when the two parties failed to come up with something.
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he has added to that with the promise of a $3400 stimulus check, if you will, that would go to families of up to four. it would be obviously less than that for individuals here. we don't have the breakdown but it was a bit of a teaser as to what he might be offering here. this as he tries right now to see whether republicans and democrats can still cobble together something that would be congressionally blessed. the fact of the matter is, the house is out of session, senate's out of session. it will remain that way for the rest of august right through labor day. i don't know if they can do anything virtually on this but that seems unlikely. and that means that the president wants to keep pushing his own initiatives, this at a time a lot of businesses are leery to act on them because they don't know, a, if legally they can, in the case of businesses taking out that payroll tax, are they on the hook if this is not made permanent. so there are all sorts of wrinkles to this. senator kevin cramer, republican
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senator of the beautiful state of north dakota, with us right now. senator, very good to have you, as always. this newest offer of a $3400 stimulus check going out to families of up to four, i don't know the income limits or whatever. do you? >> i do not, neil. and this is new information. i suspect it's sort of a response to the breakdown in negotiations between republicans and democrats in congress. the president trying to use the limited powers he has to do things that matter to people and in the process, hopefully breaking the logjam in congress itself. he's certainly choosing the items that matter to people, unemployment insurance benefit, as you know the payroll tax deferral was an attempt to help people that are employed as well as the unemployed. this move today certainly would help families. i don't know where the money comes from, i don't know his authorities are somewhat limited but they are also fairly broad
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in terms of deferring action like he did with the payroll tax cut. moving money from one pot to another, repurposing, he does have some authority to do that. both of these are things the supreme court has previously at least allowed. i suspect what he's trying to do is both help people and break the logjam in congress. neil: do you think he's also kind of tempting the democrats here, go ahead and oppose what i'm doing, go ahead and tell the nation you are going to try to stop me? explain that to people for whom i'm extending their unemployment benefits or for whom i'm planning to give stimulus checks that this is sort of like a dare? >> well, exposing the hypocrisy of the democrats is one of his favorite sports and they make it awfully easy, when he's playing chess while they're playing checkers. this could be one of those examples. the benefit in the process of this checkers game, if you will, is that real people actually do get helped when these things pass. but the problem with executive orders is when you don't have, you know, sort of the
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prescription of policies, the pots of money and of course, the appropriations that only congress can do, it does get clumsy, it becomes somewhat bureaucratic, you have to cobble things together as you put it, but that said, maybe he calls them out and maybe the good thing would be whatever you call it, however he does it, if we can get people back to the negotiating table, let's take on some of the small hanging fruit like stimulus checks, like paycheck protection program forgiveness. like unemployment insurance benefits at a number we can all agree with. that would help our governors and our states as well as the people that they represent and that we represent. neil: you know, much has been said about -- you touched on it, senator, whether he can legally do this. your colleague chuck grassley runs the senate finance committee, loves the president but doesn't love what he's doing here. he says the powers of the purse and all that is congress, it's not him. does he have a point? >> well, he definitely has a point.
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but remember that sometimes when congress acquiesces its responsibilities, it leaves room for the executive branch to pick some of that up. we are in an emergency. this is a crisis. the president has additional powers within an emergency. that said, to senator grassley's point and i think to a lot of us who are concerned by the shifting of power away from congress more into the executive branch, and this didn't begin with donald trump, but it's certainly been trending that way, we as a congress both republicans and democrats and as well as independents need to do more to restore that authority but with that authority, you know, that article i authority that comes a lot of responsibility. we can't shirk that responsibility and expect an executive to sit by and watch the country be ruined by it. so we all bear some responsibility here. neil: all right, senator, thank you very much. senator kevin cramer of north dakota. if we have time here before the president gets to that podium, i want to go to dineen borelli, connell mcshane and james freeman on what the president
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might be doing here. this $3400 stimulus check that he wants to get out to people, can he do that? can he go ahead, issue an order, have the treasury go ahead, draw up these checks, get them out to people? >> well, clearly, president trump is looking out for the forgotten men and women of america and congress, the democrats, they don't want to do the right thing. they're not on the side of hard-working americans. everything is obstruct and block and investigate and go after the president on all ends. they don't want him to have a win on anything, neil. they don't want him to be successful with anything when it comes to policy and when it comes to helping hard-working americans they are on the opposite end of the spectrum. neil: whatever you think of the president, whatever you think of democrats, he has put democrats in a box on this, whether or not he can legally do this stuff because he's almost forcing them to block this move, to provide
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unemployment checks or at least keep extending them through the end of the year, albeit no longer at $600 a week, a payroll tax cut that would benefit most of the country, at least those earning $104,000 or less, that it's like a dare. go ahead and say i can't do this and you won't let me do this. >> -- some sort of promise or threat of more executive action, i think the president is trying to put democrats in that box, as you describe it or get the upper hand in a negotiation, or just make a political statement as we get into the presidential campaign. the reason i say that is because every one of those tweets and maybe we will get more clarification when he speaks about it himself in a few minutes in the briefing room, every one of those tweets in all caps ends with the same phrase, democrats are holding this up. so the president is not necessarily saying i'm going to do x, y or z, i'm going to send out these checks. he's saying i could. i could send out these checks, i'm ready to do it yesterday, i'm good to go but they are
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holding me up. he's not, i don't think, coming out and saying he's going to take more executive action. he's done that already. we'll see. he may say something different in a few minutes. again, i think what he's trying to do is put the democrats in a tough spot by saying he's ready to go and they're not. neil: james, all of this is the backdrop of, you know, just coming off 100 trading days, the best trading days we've seen since, you know, what, 1933. that's well off our pandemic lows in march and we moved up 40% plus for all the major averages since then. but when he talks about this kind of stuff, does it resonate with average folks? we do know that, you know, while a lot of people say oh, investors are a small crowd, they are actually quite a large crowd, half of americans are directly or indirectly invested in these markets, but does it register? >> well, absolutely it registers. as you mentioned, between
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401(k)s and pension plans and all the ways we have to save and to take care of retirement, this really does affect most u.s. households. i think some of those households may be wondering, you know, given everything that's happened, why are stocks so high and i think part of it is a belief about the strength of the economy over the long term going forward but there's also been a lot of federal reserve money creation. i think that's part of it, too. i think what would really resonate is to continue the progress back in the underlying economy, not just the financial markets, but to see continued employment growth in the private sector and i think to do that, we need to focus on opening up and not more checks from washington. neil: all right, guys. we are monitoring this very very closely. the president is also expected to update us on the latest coronavirus numbers, as you heard we have had back-to-back days of 50,000 new cases in the country, but the trend
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nationally in the aggregate has been ebbing down here. he will no doubt pounce on that. it's an issue that came up with joe biden just yesterday, where he was advocating a federal mandate for masks, and by the way, also taking a swipe at the president's tax policies that he promised to reverse. jackie heinrich has been with the former vice president, joins us out of wilmington, delaware. jackie: i want to first note that the event behind me just wrapped up a short while ago. biden and harris signed the documents to accept their presidential and vice presidential democratic nominations next week at the dnc, then they left without taking any reporter questions. going back to this issue of masks, yesterday president trump said that biden wants the commander in chief to, with the stroke of a pen, order 300 million americans to wear a mask for the next three months. he suggested that would be big government overreach and have a potential for abuse but it's worth mentioning that while biden did call on governors to
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enact a nationwide mask mandate, he did not call on the white house to enact a federal mask mandate or say that he would call for a federal mask mandate if he were to be president. still, the biden campaign is really dragging the president over his coronavirus response today, releasing a memo titled president trump's coronavirus lies, 152 and counting, showing how they say he undermined the public health response to the virus. the campaign also released new ads in seven battleground states detailing the biden/harris approach to controlling the virus by expanding testing, producing more protective gear in the u.s. and calling for mask mandates nationwide. one of the ads specifically targets seniors. >> our seniors that are being hit the hardest, they're frightened. i want them to know that their health and safety will be my responsibility, if i'm the president. i'll have from day one, ready to go the best medical experts and scientists.
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jackie: a new fox news poll shows voters are very concerned by the virus. it might be impacting the election. president trump is underperforming with some groups key the a 2016 win, including seniors, with biden ahead by nine points there. today, jared kushner further defended the administration's response. >> i think that this is people really politicizing this issue more than anything else. i think we have made a lot of progress, we've gotten, you know, to the hospitals, to our country all the different supplies that they needed, we've seen a lot of hysteria that that wouldn't be possible. president trump has led the effort to do a vaccine. jackie: last night, white house epidemiologist dr. anthony fauci appeared to break with the president's stance on mask wearing, saying everybody should have to wear one. neil? neil: all right. thank you very very much, jackie. in the meantime here, the issue becomes for states and all of this whether they will foot a lot of the bill the president wants to pay to extend the
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unemployment benefits. remember, the president wants it at $400 a week from $600 right now but $100 of that would be paid by the states themselves. they are in a real tough position here. a lot of them don't have that money. a lot of them are in the red and a lot of them are looking for ways to get money. earlier i had a chance to speak to a california assemblyman who wants to enact a wealth tax that could raise, he says, billions even though it taxes few than one-third of 1% of californians. take a look. whoa, whoa, whoa, whoa. are you saying, assemblyman, that after they move and have left, you are still taxing, they are no longer california residents. you can't legally do that. >> for ten years. the wealth was accumulated during their time in california. neil: they might hate it. they might hate getting screwed by the tax man. you're not letting them leave. you are saying if you leave, i'm still going to zoom you.
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>> it recognizes the fact that wealth was accumulated over time in the state of california. neil: all right. sorry, i should have explained that. i didn't know that was what we were going to use. what's interesting about what the assembly wants to do, you know, obviously those with money can leave the state. he is making an important revision that if you do, you do, the california tax man is going to be following you and up to ten years, taking that percentage away from whatever income or whatever worth you have when you go to a state like florida, you go elsewhere where the cost is a lot lower, texas, for example. that's what's so novel about this. so the idea that he's targeting those with wealth and then saying if you want to, you know, beg out of the state, try to escape the tax man, he's going to follow you for ten years. connell mcshane, that's what's rather novel about this. i don't think he is the only one thinking about things like this. what do you make of it? >> i think it's crazy.
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book the judge on this one because gasparino brought up last hour, you wonder, can you do this? we have had a lot of stories over the years about taxes and incentives and how people will follow the money and their own money and make decisions based on that a number of times. the assemblyman brought up the point and people bring this up with regard to new york and california, look at the hollywood hills right now, that hey, listen, right on cue, we want to go to the beach, we're in california, we have these great companies stay in california, no matter how much you tax us, we will stay in california, but as you said, that's not always the case. there is a breaking point for certain people and for certain companies. and as a final point, what i think is really interesting about all these types of proposals is always the low-hanging fruit on this, because there are so few people impacted when you talk about numbers as this assemblyman is talking about. however, those are the people who make decisions, those are the people who hire people. those are the people that have
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the real power to keep businesses in states or move them out of states. so it is a real case of be careful what you wish for. i didn't know they could follow you like that. i'm not sure that they can. neil: no, i'm not a lawyer, either, my friend. my immediate reaction, perry mason though i may not be, there's no way. i don't think -- i don't think it could be. i'm really showing my age with the perry mason reference. i apologize for that. i do wonder -- >> thank you, matlock. neil: exactly. one of the things that's coming through loud and clear is there's a sense of unfairness going on here when voters are polled on this subject, especially in battleground states, the kind of states connell will be visiting for fox business over the next week or two, the fact of the matter is they feel it is stacked against them and that the rich are getting away with a lot, and that the rich should be taxed at a higher level and more than they are putting out right now because, well, we need that break. what do you think of that?
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>> well, with that california example, what a boneheaded idea that is. that's why a lot of people are leaving these big cities -- states like california and new york. but to your point, in regards to taxes, look, why not have a flat tax? that way everyone would have skin in the game. but the problem is that people are getting taxed to death and it's hard for hard-working americans, especially those who make a certain amount, to be able to save money, to be able to have disposable income. so when you have all this massive spending in these big states, these big cities, that is part of the problem. we need to do something about the spending. neil: you know, james, it's almost the same argument with the alternative minimum tax, right? it was supposed to net some of the real, you know, rich guys who were trying to avoid paying taxes and before we knew it, you know, it was including the middle class and scores more. and that's how these things start.
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that's my biggest worry. even those who support going after this unique and you know, gilded slice of the public, the fact of the matter is it expands rapidly. >> yeah. and also, we should point out that california already has perhaps the country's most progressive tax system. it gets a huge amount of its revenue already from those top earners. going after them again certainly doesn't encourage anyone to start out to create a business in california to try to create wealth in california. the liberals, the "los angeles times" editorial page john healey saying we finally met some tax increases we don't like. they are looking at this flurry by legislators in sacramento to plunder the rich with a lot of sort of ill-considered seat of the pants new taxes on wealth at the close of the legislative session here. it's going to be too much.
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you talk about complications. worldwide property tax, not just chasing people who have left the state but how do you value items that aren't traded? this is going to be a compliance nightmare, a paperwork nightmare, extremely inefficient, along with the destructive effect of discouraging people from living in california. neil: i will put you down as a maybe on this measure, then, mr. freeman. by the way, there is -- they all rightly put this up, they all question the legality of this. i kept saying i'm no perry mason on this. a lot of you want to know who perry mason was. raymond burr character, galvanizing lawyer who could win over juries with his incredible pros. i don't know what his views were on taxing the rich. seems raymond burr was one of them. he might be opposed but i don't know. i'm no perry mason.
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with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xfinity sports zone into your voice remote today. we certainly are not where i had hoped we would be. we are in the middle of a very serious historic pandemic, i mean, the numbers speak for themselves. bottom line is, i'm not pleased
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with how things are going. neil: i'm not pleased with how things are going. i can imagine that will come up as a question or the president himself might pounce on it right away on his own in planned remarks before the press. he's running a little late right now. but he is going to be addressing the press soon, not only on the course of the virus but no doubt on the view among some, including dr. fauci, that we are a long way from resolving this and things could get worse before they get better. i don't know if dr. nina radcliffe shares that view, board-certified anesthesiologist, much more, joins us now on this. dr. fauci is saying look, i'm not happy with the way things are going. are you? >> well, i don't know anyone who is happy with the state of the pandemic at this time. i want to frame what dr. fauci said. first of all, he's our nation's leading infectious disease expert. he's candid and he's straightforward and he was making the statement at a panel for national geographic and he said no, i'm not pleased.
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he also sat there and said, he explained why it was so disturbing to him, that there's an uptick in the number of cases and based upon past experience, this is a predictor that we will see additional surges down the road. neil: so if that is the case, and people here talk like that, doctor, parents get leery to send their kids to school at least in person, and a lot of folks get anxious about returning to work at all. does that even -- actually, isn't that counterproductive? doesn't that scare people all the more and make the situation worse? >> well, this is a serious pandemic. we have a highly contagious disease. we had hoped this would go away within a few months but here we are in fall, school is about to start. we don't know if we will send our children back to school, or if schools will even be open. no, this is an accurate statement. he's being candid. no one's happy with where we are. it's not what we are hoped for. that being said, he also offered
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some cautious optimism that by the end of this year, we may have a vaccine that is safe and effective, that can provide us with the herd immunity we so desire. he also said i have been in this business long enough that we can't guarantee this and that also respiratory illnesses, vaccines aren't as effective fighting them as they are for some of the others like measles. neil: you know, there's a lot of back-and-forth on whether things get worse. i know the cdc director was saying we could be facing the worst autumn ever in terms of public health. it always comes back to the number of new cases you'll see. but isn't that the result really of a lot more testing going on? >> no. we are having an increased number of cases. yes, we are having better testing but we're not testing everybody so that's not the complete answer. what we need to go back to is our fundamentals. we know that face masks work, face coverings work. we know that physical distancing works. we know that we need to wash our
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hands. we have to be cautious around crowds. if we are not feeling well, we need to self-quarantine. these are things that can work until we do have a vaccine in place. we need to come together as a country, needing to be diligent and we can then be overcomers with this. neil: all right. doctor, thank you very much. cool, calming words. we need to hear that and keep everything in balance. dr. radcliffe, thank you. just to let you know as well, we are going to monitor this. we will take a quick break? what's the plan? okay. i do want to go to the panel. great. we got the one-minute warning on all of this. connell mcshane, we do know that rising coronavirus infections are happening not only here, they are happening in europe. they already renewed a number of travel restrictions. this is still very much a global issue, isn't it? >> but it's much worse here than it is in other places. i think we have seen that throughout the summer, that the spikes in the states that we reported on in florida, texas and others have made a terrible
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situation even worse in the united states, and that's what dr. radcliffe was saying a moment ago. it's not necessarily a political statement to say you're not happy with where things are. who could possibly be happy with what's happened in this country over the last number of months? again, we are where we are and now we are debating where we're going with back-to-school and everything else. yeah, it's been a global problem from day one but if you compare the united states to other developed countries in the western world, the comparisons are just not great by almost every single metric. they are just not great. neil: we talked about how the vice president, former vice president joe biden wants to mandate masks for everybody. what did you think of that? >> -- based on what the states want to do, i don't see it being for a national mandate for the masks, neil, because it's not a one size fits all. you have to look at what's going on.
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i believe in each state, in order to determine what is the best measure for the citizens in those areas. neil: james freeman, looking at this, the impact of all of this, you know, it's always about -- i know people go back could have, should have been done and all that, it's too late for that now, let's focus on the here and now. when americans are polled on the subject, it remains their number one worry, their number one concern, the biggest concern of parents, the thing about returning their kids to school. how dominant an issue do you expect this to remain right through the election? >> well, it could. i think parents really ought to be concerned about the reaction to the virus more than the virus. we know that it's not a great danger to children. we know that they are being robbed of future earnings whenever they are not in school, when they are not learning. we know that kids have really suffered during this period in terms of isolation.
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you see the data on mental health issues. this has been the reaction to the virus more than the virus has been a disaster for the young people in this country. i would hope that parents would share that message as they go to school board meetings and other gatherings where people are considering what to do. i don't think there is a fact-based compelling argument to close schools this fall. and i hope that people will consider the damage they're doing to children from lockdowns. neil: yeah. right now i think the case is now 55%, where it will be virtual only, students returning to class in the fall. 55% virtual. >> students are not going to learn that way. neil: it's a hybrid. right, it's a hybrid. very few are going to return in person exclusively. i think it's around 20% to 23%. i don't have the latest data. connell mcshane, as we wait for
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this, i know some of you are thinking i'm aloof and all that. that's an understatement. but this was supposed to start 30 minutes ago. we were given the two-minute warning, then the one-minute warning. i just think it's the white house's way of messing with me which is fine. which is fine. i get that. but connell, i'm wondering, guys, connell, pick this up with you, particularly these battleground states you will be visiting, this is still a big issue and a concern. i'm wondering, we hear nationally it's the number one issue. in these battleground states, many have seen a dramatic increase in their economy, drop back in march, it's come back since, but where are they placing this? >> you know, it's interesting because i'm really looking forward to getting out and don't even ask my family because they agree, getting out of the house and actually doing some real reporting next week. i think it was said earlier, we
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haven't had a chance to get out and talk to voters as much as in past cycles. i wonder what the effect of that will be in terms of the reporting on the election, that we don't necessarily have the same feel even though we get the data and the polls and everything else. one point we can talk about a little more when i'm in wisconsin on monday, maybe, is that the economy has turned around quicker in some of these battleground states, and the economy is the one issue and it remains the issue that president trump is above water on. so as an example, wisconsin's unemployment rate is at 8.5%, right. it peaked at 13.6% in april. so the change from the peak of the unemployment rate in wisconsin to now is 37% plus. in other words, it's gotten a lot better. whereas the state like new york, we are still up at 15.7% unemployment in this state. so people have felt it differently in different states. and it's not true of every battleground state but it is true of a number of them, that
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the economy has started to turn even though former vice president biden has had a consistent lead in many of those states, you wonder if that's something that could help the president here in the last couple of months. he certainly wants it to be. that's why he keeps talking about these economic issues. neil: absolutely. go ahead, please. >> just real quick, of course americans are concerned about the virus, but they are also concerned about slowly and safely opening up businesses, so that they can get back to work, especially small business owners who have been hurt really bad because of the virus, and with the point about kids going back to school, slowly and safely, but parents also need to get back to work as well. a lot of them are stuck because they don't have child care for their children so there are a number of different circumstances that people are facing but yes, americans are concerned about the virus but they are also concerned about taking care of and feeding their families.
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neil: you know, james freeman, interestingly enough in the latest fox news poll, you know, the president trails joe biden by seven points. he had trailed as much as 12 points back in may. so there's a bit of a narrowing going on. but what's interesting is there's a separate feature of the poll that shows voters who pick biden, they also think their neighbors would back trump. in other words, there's a lot of secret silent trump voters out there that isn't showing up here. we saw a little bit -- actually we saw a lot of that four years ago, which this would indicate it's happening all over again. do you buy that? >> it could happen again. i think certainly in a lot of suburban areas, there is a pressure to -- social pressure not to be for trump. i think you see that especially
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in affluent areas around let's say blue states, but i think it really is going to come down to how much -- neil: hang on. we are going to go right now to the president of the united states. >> we have some very interesting news. kevin kleinsmith, a corrupt fbi attorney who falsified fisa warrants in james comey's very corrupt fbi, is expected to plead guilty. you probably heard that. it just came out. so that's just the beginning, i would imagine. what happened should never happen again. so he is pleading guilty. terrible thing. terrible thing. fact is they spied on my campaign and they got caught. you'll be hearing more. today, the office of trade and
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manufacturing policy released a new report on how my administration has harnessed the full power of the defense production act to achieve the greatest industrial mobilization since world war ii in our fight against the china virus. new factories, businesses and laboratories are being built all over america to match our nation's demand for personal protective equipment. pharmaceuticals, drugs, testing supplies, therapeutics and vaccines. it's been incredible, what we've been able to do in a very short period of time. we're helping other countries also because we've been really -- we've been doing it at a level that nobody's ever seen before. it was just announced a little while ago, industrial production rose for the third straight month, it's a big thing. factory output was up 3.4% this month after a 5.7 increase last
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month. those are getting to be record numbers. and manufacturing capacity utilization is now up to almost 70%. we'so w ce'om w cgom wgacery st.t.ro weulweulveha verhayoohird arte od a a unbieblieyva odtt ar.ye ye,,e w don't mes mes m m i m i thomthebyeb todyodyy h ho node aathey' dy'oire, ul, , abe ntc tiartiar my adminisdminatdmionionasasasa pructiuc a a ao -- a number fef and related authorities at 78 times disbursing over 3.5 billion dollars to speed the develop and manufacturing of essential materials so put it a little bit differently, the administration's exercised the authority under the defense production act and related authorities 78 times.
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that's a lot. right? it's a big number. 78 times. came in very handy. lot of times we just mentioned it and they did what we asked them to do. disbursing over $3.5 billion to speed the development and manufacturing of essential materials. i have used the dpa more comprehensively than any president in history. there was a time when the media would say why aren't you using it, why aren't you using it. well, we have used it a lot. where necessary. only where necessary. for the most part, we've had tremendous cooperation. by invoking the dpa we mobilized the extraordinary productive might of general motors to manufacture ventilators. gm repurposed the kokomo, indiana plant in ujust 17 days and has now produced over 21,000 ventilators. we are also working with ford motor company and general electric to produce over 30,000
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ventilators a month in michigan. they have done a great job. our nation is now the king of ventilators. i say that. the king of ventilators. we are sending them all over the world and helping a lot of countries that could never have ventilators. it's really, i guess we're looking to produce over 200,000 ventilators by the end of the year. those are some numbers. so we're helping a lot of countries. in april, i directed 3m to increase its manufacturing of n95 masks. by may they had increased production by over a million masks a day. think of that. they increased production of masks by over one million a day. 3m is now manufacturing an additional 39 million masks a month. we also worked with honeywell to open factories in arizona and rhode island. they are now producing over 20 million masks a month.
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by the end of the year, domestic u.s. manufacturing will have produced over one billion n95 respirators and all of them are made right here in the usa. that's a big difference from the past. overall we have increased n95 mask production by 400 million masks a year. now, the media might say why not 500, why not 600. nobody's seen numbers like this, ever. we delivered more than $75 million in support to puritan medical in maine. i was up there. remember we had a tremendous visit and tremendous throngs of people along the roads on the way to puritan medical. puritan's doubled their production of testing swabs from 20 million to 40 million per month. they are doing a fantastic job. so is maine. i have also used the dpa to
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fight price gouging and hoarding. my administration located and seized over half a million pieces of hoarded personal protective equipment, including 299,000 pairs of medical grade gloves, 192,000 n95 respirators and 130,000 surgical masks. that's hoarding. my administration's decisive actions have yielded truly incredible results. people have done an incredible job. we have replenished the strategic national stockpile that was very badly depleted when we took office and totally neglected in the last administration. since the start of the pandemic we have tripled the number of n95 masks on hand to over 40 million. tripled the number of gowns to over 15 million. and quadrupled the number of ventilators to 69,000. by september, the strategic national stockpile inventory is
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on track to contain over 300,000 -- excuse me, 300 million n95 respirators and surgical masks, over 4.5 billion gloves and over 190,000 ventilators. that's far more than we've ever done before. it's not even close. as we talk about the economy, we continue to restore america's industrial might. we are bringing more jobs to the usa. we understand that the economic health is critical, very critical to public health. we'll be discussing next week some of the outstanding numbers we have compared to any other country. there's no country even close, when you look at what we've done compared to them on -- from the standpoint of the economy. and even during the period of the china virus. in the last three months we've
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added an average of 100,000 jobs every single day. we've also added over 620,000 manufacturing jobs in the past three months. that's despite people saying you can't do manufacturing jobs anymore, you need a magic wand, they said, but they were wrong. weekly jobless claims just fell below one million for the first time in a long time. i'm pleased to announce that as part of operation warp speed, the federal government will be partnering with mchkeckesson corporation, great company, to rapidly distribute a china virus vaccine as soon as one is approved, fully approved. they are in stage three trials. we have many of them going along different passes. also, many different companies doing them. very very incredible companies. we currently have three candidates in phase three clinical trials and are on pace to have more than 100 million
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doses of a vaccine ready before the end of the year and 500 million doses very shortly thereafter, and we're already logistically to distribute them. our military is ready. we have a great general who is in charge. that's what he does, he distributes things. usually it's people and weapons, tanks, but in this case it's a vaccine or therapeutic as it may be. we continue to actively monitor the virus, executing our strategy to protect the vulnerable and prevent hospital overcrowding. as of today, hospitalizations continue to be very stable and we will be watching always very carefully. remain vigilant. we ask every citizen to practice good hygiene, socially distance, wear a mask when distancing is not possible and to protect the elderly. always protect the elderly. now we will take a few questions if you like.
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reporter: on the issue of more money for the u.s. postal service and mail-in balloting, if the democrats were to give you some of what you want, which you articulated in a series of tweets in the last hour, would you be willing to accept the $25 billion for the postal service including the $3.5 billion -- >> it's not what i want. it's what the american people want. so in addition to -- i think john, as part of your answer i can read this, but in addition to the executive orders that we signed, which are going to be doing terrific things in terms of payroll tax cut which is a lot of money coming to a lot of people very quickly, i ahave directed the secretary of the treasury to get ready and send direct payments, $3400 for a family of four to all americans. democrats are holding this up. i am ready to have the u.st and
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sba send ppp payments to small businesses that have been hurt by the china virus. democrats are holding this up. so we are talking about those are two things directly involved and really victim of the china virus. we are ready to send, democrats are holding up, i'm ready to send rental assistance payments to hard-working americans that have been hurt by the china virus. all of these things are on the list. democrats are holding this up. i'm ready to send $105 billion to the states to help open schools safely with additional pppe and democrats are holding this up. so that's $105 billion to the states to help open schools safely with additional ppe. democrats are holding that up. right? i'm ready to send more money to
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states and local governments to save jobs of our great police, our firefighters, our first responders and teachers. it's all ready to go. democrats are holding it up. so they are holding all of that up. reporter: if they were to give you that, would you sign off on the money for the postal service? >> they are not giving it to me. they are giving to it the american people. reporter: you would agree to that? >> yeah. i would certainly do that. sure. i would do that. reporter: to follow up on that, then a quick question. when you said you directed secretary mnuchin to direct payments, are you speaking about something you are going to do independently or you are waiting for -- >> i'm waiting for the democrats to approve it. reporter: i want to ask you, did you congratulate marjorie taylor green in a tweet, you called her a republican star. she hab a proponent of the qanon conspiracy theory. >> she did very well in the election. she won by a lot. she's very popular. she comes from a great state and
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had a tremendous victory. absolutely, i did congratulate her. please, go ahead. please. reporter: [ inaudible ]. do you agree with her on that? that was the question. >> go ahead. reporter: what ails your brother robert and how is he doing? >> i have a wonderful brother. we have had great relationship for a long time, from day one. it's a long time ago. he's in the hospital right now and hopefully he'll be all right. he's pretty -- he's having a hard time. reporter: i want to ask you also quickly about putin [ inaudible ] with iran and other world powers. did you accept that invitation? >> i haven't been told of it yet. i heard there's something but i haven't been told of it yet. reporter: two questions on vaccines. first, once the vaccine is ready, who should get it first? >> i will rely on the doctors to tell me that. i would say probably the elderly, i would say nursing homes.
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lot of people said would you take it, i said i'll take if they want, i'll go first or last, i will do whatever they want me to do but i would think the earlied lderly, the people e most vulnerable to the disease. we are making those lists right now. mostly nursing homes and retirement centers. reporter: russia has approved a vaccine. what do you know about the vaccine and have you spoken to russia -- >> i don't know much about it. we hope it works. we do. we hope it works. they have cut off certain trials and we just feel it's important to go through the process. we have numerous different vaccines that we think are going to work but we want to go through a system of trials. we are very advanced, we are very -- we'll be announcing something in the not too distant future also with therapeutics which i think are very very important. reporter: i have two, one on china and one on oil. the first one on china. there's a lot of alarm among
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american companies about your order on wechat, apple or disney. they are worried because it's such a big communication platform and payment platform in china, that if you ban u.s. businesses from working with them, they won't be able to sell iphones into china or similar markets. so you don't mind -- >> i do in terms of security of our country. we have been very badly let down by china. what's your next question? reporter: on oil, the u.s. this week seized four iranian oil tankers going towards venezuela. wondering, they are going to go to houston. i'm wondering what you are going to do with that oil -- >> we'll be announcing. we have four tankers. they are going to houston and they are there. they are not supposed to be doing that. iran's not supposed to be doing that. so we did, we seized the tankers. we are moving them and moved to houston. reporter: mr. president, thank
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you. two questions if you don't mind. first of all, kamala harris. you have been very polite about how you feel about her, saying she's a nasty woman. >> i said she treated joe biden worse than anybody else. i watched those debates. they were very boring but they were debates nevertheless. and i watched, you know, pretty good parts of them and she treated biden worse than anybody else by far. there was nobody including pocahont pocahontas, nobody treated biden so badly as kamala. reporter: let me ask you this, then. do you have an issue with a strong woman of color being in this presidential race? >> none whatsoever. reporter: you don't see her as a threat? >> no. none whatsoever. nope. not at all. reporter: thank you, mr. president. stimulus question, if you don't mind. you had told me even before you were president you always talked about being the ultimate deal maker. why not just sit down with democrats personally and cut a deal? >> because they want $1 trillion to go to their friends doing a bad job running certain cities
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and states that are doing very badly. you know, most of our country is running very well. even in terms of crime, most of our country is setting records in terms of low but when you look at chicago, when you look at what's going on in illinois and new york and other places, both economically and in other ways, it's horrible. it's horrible. look at oregon. look what's going on in oregon. i don't think they have a clue. we could stop -- if they would request it, we would stop that problem in one hour like we did in minneapolis. we would stop it in one hour. it would be over. it's so easy to do. please, go ahead. in the back. please. reporter: yesterday, you announced an historic peace deal between israel and the united arab emirates and later in the day, joe biden tried to take credit for it -- >> i heard it. that was a beaut. we announced a deal and i appreciate, even the "new york times" gave it great coverage in editorials today.
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"wall street journal," "washington post," everybody was saying great. this is something we have been working very hard on. and i saw where sleepy joe tried to claim credit for it and i'm trying to figure out how that one works. what he did is they made a terrible deal with iran and the deal was a horror show and i ended it. they gave them $150 billion for nothing. they gave them $1.8 billion in cash for nothing. they got nothing from that deal except trouble. they did nothing. just like they have been weak on china, they have been weak on russia, they have been weak on everyone and they were the weakest of all on iran. no, that was a great deal made by very talented people that work with me, and it's been praised all over the world and what you will see now is other countries will come into that deal and you will have peace in the middle east. biden doesn't even know -- he doesn't even know the name of the countries i'm talking about. thank you very much, everybody. reporter: [ inaudible ]. neil: all right. just listening to the president
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of the united states. he will be leaving for the new york metropolitan area to visit his brother who's in a hospital right now. the closest he said is he's in a bad way, hopes everything goes okay. he's also going to be at his golf club. he did relate something interesting for fox business watchers regarding that $3400 check he wants to send out to most americans, up to families of four, that that he cannot do unilaterally. he needs the democrats to come back and do something about that. a quick read on that. back with dineen, connell and james. james, he seemed to hint that that stimulus check, or whatever you want to call it, is contingent on congress, presumably the democrats, going along with it. not so much some of the other things he's done like the payroll tax cuts, extending unemployment benefit part where it's going to be $400 but $100 of that is for the states to fork over, they say they can't, but this stimulus thing is another issue.
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what did you make of that? >> well, i think that's good news if he's seeing some restraint there, because i think for both parties, they need to let the private economy run, let people get fully back to work, let kids get back to school and move on from this period of spending enormous sums, paying people not to work. it's time. i also, i think what's happened is basically he has lately been encouraged by the supreme court's daca decision to make an aggressive use of executive authority. i don't agree with that decision. i think he was surprised by it. but given that it happened, i think he thought it gave hm a lot of leeway but i think in this case he's seeing he would clearly need a change in the law. neil: you know, i haven't crunched the numbers on this, maybe connell has, but the improvement we saw in the claims figure to under a million in the
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latest period, many argue that it's because that $600 a week federal benefit ended, that people were forced to get up and look for a job. do you think that was indeed the case and that constructively, that's a good development, if more people are looking or now seeing that these are my alternatives, that that employer wants me back or that employer is looking for new people, i'm going there? >> i was reading how there were a lot of employers whose workers did not want to come back until their benefits ran out because they got the extra $600. i think it is important for folks to get back to work when they can, where they can and i think it is great that these employers were able to keep these positions open considering the dire situation that some of them are in, i think it's more important for folks to be
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working then there more independent and self-sufficient and not necessarily relying on the government. neil: if that is the case, you have to wonder then our future reports going to reflect this, and other words people who are getting used to the $600 a week, i don't know what their behavior will change dramatically if it's $400 or $300 but that this could be a potential job boom, what do you think questioning. >> could be offset by other factors but i think on the margins, the incentive factor probably played a role in this last week's report, the numbers over 900,000 people filing for first time an appointment benefits, that's still a lot of people with 695,000 for a single week and i go back to the study that cornell had that found that
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the risk of a double dip when it comes to layoffs is real, many people who been brought back, the number was 31% were laid off again and that is something that is driving the stimulus discussion that if companies are in a tough spot financially come pretty much now, certainly going into september that we might see more layoffs, it is interesting and i don't know if it's clear which side wins out, the incentive to go back to work versus the troubled company the house to go through more layoffs if they don't get what they're looking for. charles: one capital after another is worried about that too because think about it, they need those workers back and all that, he was kind of an intriguing moment in a funny moment where andrew cuomo was begging the millionaires to come back, i'll make dinner for you and all that but right now they're in a pickle because a lot of these guys have already
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left and you hear about people who go to florida and all of that in there bursting at the seams and all the people leaving these locales, i'm just wondering if that is the next part of this and for the high tax states, that will be big. >> i think the guns are more competitive, maybe for new york if some of those people haven't been able to sell their houses, maybe they'll come back now but new york has gotta be open to a thriving economy, connell mentioned earlier that the unemployment rate has stayed stubbornly high and there's other places where you see a real economic healing, we also know that by far new york had the worst death toll, this idea that a harsh economy destroying a lockdown is always a recipe for saving more lives and it did not work out that way in new
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york, you had the most deadly place in the most, i would say economically devastating lockdown, we need to be careful and cognate and protect the vulnerable unlike what happened in new york state but we also need to have the thriving economies. neil: i'm sorry to jump on you my friend but i'm really taking time from charles payne, charles payne never ever presume freedom on your show, he was very rude to me right there. [laughter] i am kidding. i am kidding. charles: thank you very much, but it was a very great conversation. inks a lot. i am charles payne, this is making money, breaking right now, upward bias but here's the problem, congress took a recess because let's face it, congress needs a break, the consumer is still spending retail sales

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