tv After the Bell FOX Business August 18, 2020 4:00pm-5:00pm EDT
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but the s&p, here we go into the final moments. that is what really matters. [closing bell rings] i think we'll do it. new record for the first time in six months for the s&p. the nasdaq hitting another record. this is the 14th record in 2020 for the s&p. obviously this is good news for everybody. that is it for me. liz is back tomorrow. "after the bell" is now. charles: whoo-hoo all-time highs on wall street. s&p closing first time in six months. nasdaq with a record close for second day in a row i'm melissa francis. hey, ashley. ashley: always a good day. i'm ashley webster in today for connell mcshane. this is "after the bell."
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we have blake burman at the white house. we begin with gerri willis. >> we finished with the s&p at new record highs for first time in six months. above the pre-pandemic highs. think about that. that is the 14th record close this year. turn to the nasdaq as well, also at a record high today, second straight record close for that index. the 34th record close this year. 174th record close since election day. good news there. market keeping an eye as you said on two big earnings reports today. one was walmart. shares down after the nation's largest employer reported eps of 31 cents a share, blowing out
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estimates same-store-sales up 9.9%. online sales up 97%. even so the stock is down. don't know what it takes to get walmart up today. home depot that stock up as well. blowout second quarter with the sales up 23.4%. americans are remaking their homes as they are forced to live there, stay there, work there all the time. finally we've been watching apple shares closely. they are higher today as the stock goes closer to a 2 trillion-dollar market cap. remember just two years ago the stock went through one trillion. now it would be the first u.s. company to go through two trillion. you remember saudi aramco briefly hit that threshold t never closed above two trillion. apple shares need to trade above 467.76 to reach the valuation level. didn't quite make it today. back to the two of you. ashley: almost, gerri. record on nasdaq. record on the s&p. two out of three, two out of
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three ain't bad. i think that is a meat loaf song. look it up. melissa, over to you. melissa: suspending all changes until after the election. the postmaster general planning to halt operational reforms to the agency. blake burman here with the bee days. blake i have been talking about the financials of the post office for a decade. no one ever cared. all of sudden this is a big deal. take it away. reporter: there is threats of cuts to services to the post office in the middle of a presidential election which is why many people here in washington saying now is the absolute wrong team to go about doing that. today we heard from the postmaster general louis dejoy will postpone the cuts until after the presidential election. here is what he said in part with a statement this afternoon. to avoid appearance of any impact on election mail i'm suspending these initiatives until after the election is concluded. i want to assure all americans of the following, retail hours at post offices will not change.
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mail processing equipment and blue collection boxes will remain where they are. no mail processing facilities will be closed. we reassert over time, has continue to be approved as needed. democrats say senate republicans and president trump should support a bill they will take up this upcoming weekend which would send $25 billion to the post office. >> but now it appears maybe their hand is caught in the cookie jar and they're taking it out and leaving the cookies in place. we're going to make sure that happens by passing legislation that i would presume in light of this action every republican and every democrat would support. reporter: president trump has concerns against mass mail-in voting and long sought reforms to the pose al service. before departing before campaign stops today he would not say if he would support the impending legislation in the house. president trump: the democrats want to make it a political issue. it is not a political issue. it is really about a correct vote. you have to get voting related.
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you can't have millions and millions of ballots sent all over the place, certainty to people that are dead. sent to dogs, cats. sent to everyone -- this is a serious situation. this isn't games. reporter: we reached out to the white house for comment. so far they have not responded. president trump is set to land in arizona later this hour. earlier today he was in iowa, two battle ground states for the president today. back to you. melissa: there are no cookies in that cookie jar. only snail mail and catalogs you don't want. blake, thank you. ashley, over to you. ashley: did you say cookies? melissa, thank you. democrats preparing for night two of a convention that, let's be honest is like no other. hillary vaughn is in wilmington, delaware with the very latest. hillary? reporter: ashley, what is interesting is democrats and republicans have one thing in common. they both think the economy is a winning issue for them in november but last night we did
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see many democrats on the virtual stage day one of the dnc making the case, comparing the response from obama-biden in the 2008 recession to the economic response of trump-pens today during a pandemic. >> since this pandemic began over 30 million people have lost their jobs. instead of helping small businesses trump concocted fraudulent executive orders that do virtually nothing to address the crisis. reporter: back in 2008 during the recession obama-biden passed a massive stimulus package, 831 billion in unemployment benefits and tax cuts. also later approved 80 billion in federal fund to stop general motors and chrysler from folding saving in the process over 2 1/2 million jobs. a lot of those in battleground state of michigan but there are major differences between the
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economic crisis we're facing now and the 2008 recession obama and biden faced. president trump has done a whole lot to help small businesses. the cares act successfully kept 12 million people out of poverty. the paycheck protection program provided direct funding to small businesses saving 30 million jobs. there are two other major differences when you compare the economic legacy that obama and biden left behind and the economic legacy president trump is leaving behind. taxes and regulations under obama-biden nearly all businesses saw higher tax rates except for those bringing in less than 50,000 in revenue. today most small and mid-sized businesses have seen a double-digit tax break under president trump's 21% flat corporate tax rate. when it comes to regulations obama-biden made history for passing some of the most rules and regulations on record during their tenure. over 600 of them had been flagged by agencies having a
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negative impact on small businesses. during president trump's turn he spent his time rolling back a lot of those regulations and the council of economic advisors highlights 20 regulations that they say have single-handedly saved consumers and businesses $220 billion every year. ashley and melissa? ashley: getting rid of that red tape really helps. hillary, thank you. melissa, over to you. melissa: covid cases on the rise across college campuses. notre dame university the latest to report a spike in new cases of the lauren simonetti with details on that story. lauren. lauren: melissa, notre dame reported 89 additional people tested positive. 147 infections since august 3rd. positivity rate to 16.9%. what is next for the school? unc happel hill moving all classes online of a spike of cases on their campus.
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oklahoma state, boston university, villanova reporting more infections. why? crowded parties like these. they are off the campus. but they're crowded. prompting urgent pleas like this one from villanova basketball coach. >> we love parties but not this semester. we have to go get through this pandemic together. lauren: if colleges are the blueprint for grade schools, melissa, we have a big problem. only 36% of parents are okay with sending kids to school full time. expect stressed out parents. i'm curious what you're doing with your kids as we wait for school to start? melissa: i'm desperate to send all three of mine back to school full time. i don't think that is going to happen. but we'll see. fingers crossed. lauren, thank you. ashley, over to you.
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ashley: all right. guys, thank you very much. escalating war of words. president trump slamming new york governor andrew cuomo over the state's response to the pandemic and the exodus that has followed. is the future of the big apple looking that break? we'll get into it. record breaking temperatures in california, really hot. 42 million americans under heat warnings as firefighters battle 30 wildfires raging across the state. we're live on the ground with the latest from california. giving the nation's malls a new lease on life. one e-commerce giant in talks to reinvent the empty department stores and it could lead to a massive decrease in delivery times. we'll be right back. ♪
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♪ melissa: taking a victory lap. governor andrew cuomo touting his response while taking aim at president trump. take a listen. >> we climbed the impossible mountain and right now we're on the other side. we have failure after government that tried to deny the virus, tried to ignore it, tried to politicize it. the failed federal government
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that watched new york get ambushed by their negligence and watched new york suffer but all threw it learned absolutely nothing. through all the pain, all the tears our way worked. melissa: i mean, are you kidding me? president trump firing back at the governor, tweeting quote, a horrible governor. crime is taking over new york city. a state everyone is leaving. he is after the nra. they should move to texas or elsewhere and must get tough. cuomo killed 11,000 in nursing homes. h alone. crooked and incompetent. i know he said he is writing a book about his administration's response? i mean is that, is he, is he giving the proceeds to all the families of his nursing home victims? >> that's a great point. he should. i actually have a couple of excerpts from that book that i would like to share with you in a minute but there is an old
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expression, failing up. it means that you keep getting promoted and elected even though you have a terrible record. that is what's happening. strange as it sounds, he is using his failures to somehow boost his chances for getting reelected. he is going for a third term by the way in about a year. he is basically trying to bluff his way out of all of these mistakes that he has made by painting himself as some kind of a hero even though he had 33,000 deaths that he had oversight over while he was governor of this state. that's four times as many deaths from covid as they have had in florida. he always criticizing florida by the way. most countries don't have that many deaths. 33,000. you mentioned the nursing home which was a terrible record. despite that record, listen to what he says, this is a book, that it is going to be published by random house. it is called, "leadership lessons from the covid-19 pandemic." he says, this is cuomo talking,
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i would not allow the fear to control me in this crisis. the fear kept my adrenaline high. that was a positive but i would not let the fear be a negative and i would not spread it fear is a virus also. so he somehow is there while all these people are suffering death and destruction as a result of his decisions in nursing homes and elsewhere. he is painting himself as the one who had to valiantly deal with fear in his life and in his governance. it is just appalling. melissa: yeah. and to be clear when he puts up that illustration of the mountain, of the cases and the deaths that occurred in our state, he made a decision to force infected nursing home patients from the hospital back into the nursing homes and force the nursing homes to take them back. when the nursing homes said they were not equipped to deal with them. he did that because he thought there would be a surge at the hospitals. those patients went back and died.
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they infected many other people who died. he was asked about the decision. he didn't reverse that, for so long, when so many people, day after day were drawing attention to it. when the hospitals were not overloaded here. there was capacity, he never took responsibility for that. he never explained -- he won't answer bit. he won't talk to families about it. it was a decision he personally made, you can make a wrong decision, but he didn't reverse it. he didn't review it. it was a glaring disaster for so long and people kept dying. i mean have you seen where he is responded to that at all? >> oh, he hasn't, melissa. not only has he not responded, and of course the press is allowing him to get away with this because they're basically, they're all-in. they don't let the facts matter. they let their ideologies matter. he is never pressed on these questions at all. he has press conferences as often as president trump does, they never ask him a question about this.
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he has killed investigations into the nursing homes. our own janice dean of course, meteorologist at fox news, lost both of her in-laws in nursing homes because of the covid virus and she has a personal stake in this. she was kept away from testifying at all in the one investigation that they had going. then there was so much of an uproar about her being kept away from testifying that she was allowed to. thank goodness. at least there was that but he has squelched any major investigation. one more thing on president trump who he is pointing the finger at, without president trump and all the work that he did in setting up these hospitals in central park, in the javits center, bringing the hospital ship in, there probably would have been a lot more deaths than we already saw which are enormous. he shouldn't be, he should be just thanking the president, not pointing fingers at him. melissa: well, regardless, you said he is gearing up to run for re-election again. there is a lot of tension between him and our horrible mayor bill de blasio who really
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let our city fall apart. >> that is whole another story. melissa: governor cuomo seems to understand the finances a little better in the sense that we are very deep in the hole here. >> he does. melissa: entire tax base has left because of the incredible taxes on them. the quality of life. the fact that they have accidentally taught us we don't need to live here in order to work here. the fact that schools have been closed. do you have any sense that he understands the fiscal problem and has thoughts about that? >> well, it is like comparing stalin and lenin. it is hard to figure out who is worse, who is more idealogical than the other but in terms of realizing that without income, his government won't be able to operate at all, and you will have to fire half of the firemen. you will have to fire the garbage men. you will have to fire everybody that keeps the city operating in anyway. so it could get actually a lot worse because as you mentioned, the tax base of new york is essentially moving out and we're
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just not going to be able to afford to be a workable city in the near future unless there is some major change. melissa: yeah. i don't know if you heard that, that was my doorbell. i got to go. david, thank you very much. ashley. ashley: domino's is here. melissa, thank you very much. wash your hands but mind the sanitizer. the food and drug an administration warning that some of those sanitizer products are what they call subpotent. turns out they don't have enough active ingredients to offer sanitary protection. some products also use methanol which can be dangerous when absorbed through the skin, inhaled or ingested. the names of the brands such as healthy food and nutrition lab, scrolling on your screen right now. get a full list of those products at fda.gov. ♪ that's great! that's 15% on top of what geico could already save you.
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♪. ashley: the new england patriots announcing just moments ago the team will be playing without fans in gillette stadium through september. so at least the first two home games. meanwhile the kansas city chiefs creatively looking to get fans back in their stadium by selling tickets in so-called pods, interesting. here to discuss and explain, jared max, "fox news headlines 24/7" sports reporter. jared, great to see you. long time no sigh. can the nfl pull this off? i guess that is the question. kansas city says we can have what, 22% capacity, sell tickets in pods and at least it's something. it's a beginning. can they pull this off? >> ashley, good afternoon to you. what i miss most about getting to be in the building every day getting to see folks like you. this is fun opportunity to chat and to chew the fat about sports and that is really what we're doing here because we don't know for sure what is going to work
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out. six different nfl teams, the chiefs among them saying they want to have fans into their stadiums. the dallas cowboys say be won't be anymore than 50%. but the rest of nfl teams talking about having fans at their game, they're talking about 22%, 25% maybe. the chiefs come out saying 22% of capacity at arrowhead stadium. this means about 16,000 fans. you talk about pods. they want fans for starters, they will be able to tailgate but don't want people to leave their immediate tailgate area. the same would go for in the stadium. we heard the patriots a month ago revealed a plan having 20% or so capacity at their games at gillette stadium and the idea would be to keep fans essentially really in the space of the stadium, social distance in a big way. a friend of mine went on to a flight couple days ago, told me it was so packed, even the middle seats are taken. that will not happen at a nfl game. talking about stadiums with
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60,000, 70,000 plus capacity. people will be spread out. that is a food matter. they don't want people as far as tailgating to be leaving their areas. also when it comes to having food, food is the only time when they want people to have a mask not being worn in a stadium. so fans will have to get used to knowing if you want to go into a nfl stadium, you will have to wear a mask. i've seen a survey recently, ashley, from casino.org asking nfl fans would you be comb for thible to go to a nfl game? 42% said they're not comfortable going to a nfl game. the youngest, millenials, who seem more interested than any other as far as going to a game. but it is interesting, you look also the way it is split among party lines. i think it was 52% of gop republicans say, we're fine going to an nfl game but rather 26% wouldn't be scared and 52% of democrats said they would. you start thinking, we enter the times, certain athletes trying to get people out to vote, i'm
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wondering if i go to a certain stadium, will there be political ads targeted based on the fact who might be in the stands, who is willing to go to an nfl game? ashley: very interesting. got about 30 seconds, jared. i'm sorry for that. but how about revenue, what kind of a revenue hit are these teams, especially those, quite a few, of them, at least eight teams said no fans at all period? that must be a big hit to revenue? >> it is going to be seismic. i don't know exactly what type of insurance policies the individual teams have. i know the area we're located, new york giants, new york jets will not host any fans. green bay packers wanted fans for the first couple weeks. they won't have fans the first two games. this is the 64,000 question, can they pull it off? he is certainly hope so. ashley: college foot ball we've
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seen a lot of conferences cut their schedule. let's keep our fingers crossed that the nfl can get this right. jared, thanks for joining us. melissa. melissa: betting on the future of "the office." amazon is investing $1.4 billion to expand its physical office space in six cities. this is surprising to me. creating 3500 jobs in chicago, new york, san diego, denver, dallas, including 2000 right here in manhattan. interesting. firefighters battling an unprecedented historical event, a triple digit heat wave fueling nearly 30 wildfires across california. and rare summer thunderstorms are sparking even more blazes. one e-commerce giant is hoping to transform your neighborhood mall. we'll tell you more about how and why later this hour. the first time in four years fedex is adding extra fees on
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heat wave and rare summer storms is a dangerous combo igniting wildfires and causing rolling blackouts across the golden state. jeff paul is live in l.a. with the very latest. reporter: yeah, it is nearly 100 degrees here in los angeles but in other parts of the state it is even hotter. in fact one of the hottest temperatures maybe ever recorded was just documented where officially, officials say it was reportedly 130 degrees in death valley. >> frozen water. i'm good. like sticking your head in a furnace. >> like back at work in an attic. >> the heat is stinging my eyes. it feels like you're wrapped up in an oven. reporter: californians doing anything they can to cool off. that often means using more electricity, which put as strain on the power grid. as a result there could be outages through tomorrow evening. california governor gavin newsom
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says next few days will be challenging. >> you can't prepare for the weather events. let me just make this crystal clear, we fail to predict and plan these shortages. that is simply unacceptable. reporter: the extreme temperatures are also fueling the nearly 30 wildfires burning throughout the state. one particular fire, the hennessey fire is burning out of control in napa's wine country with zero containment. the largest fire burning is the loyalton fire is burning nearly 30,000 acres. the temperatures are not expected to drop anytime soon. back to you. ashley: pray for rain. jeff paul, thank you very much. melissa. melissa: the democratic national convention will kick off its second night of events tonight. that will include speakers alexandria ocasio-cortez and former president bill clinton. after bernie sanders said this last night. >> our movement continues.
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it is getting stronger every day. many of the ideas we fought for, just a few years ago were considered radical are now mainstream. melissa: sort of terrifying. let's bring in james freeman from "the wall street journal." he is also a fox news contributor. so, james, this is a financial show. i want to talk about the economic issues which is really the way, that is the most terrifying thing about what bernie sanders says. like a lot of things that he talked about, "medicare for all," you know, this income for everyone, these ideas that had been rejected over decades are all of sudden, as he said, now considered mainstream. last time it seemed like they tried to put out this message that it's a very moderate party. we have john kasich here. we're very middle of the road. you don't have to be afraid but then you have bernie sanders saying something like that. you have aoc coming out tonight.
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what's the economic truth of the democrats this cycle? >> well i think you have to be concerned given as you said how excited bernie sanders is about the biden candidacy now. aoc served as the co-chair what they called the biden sanders unity task force. if you want to be frightened about the free market economy, you can google that. it is posted on joe biden.com. it is about 110 pages of plans how to make the government, much, much bigger. you had the story on california, this is kind of a little bit of a preview, if you try to drive carbon out of the energy economy, of the shortages you can expect, that is a part of this plan but there is much more to it. and aoc is only going to have a moment to say hello tonight to television viewers but there is no question that she and bernie sanders have had enormous impact on creating this agenda.
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melissa: and, you know, kamala sanders, kamala harris and joe biden have both said that they are for getting rid of fracking. i mean if you live in so many of the states where fracking is a huge part of the economy, this really harkens back to hillary clinton saying she was going to drive those coal miners out of business and those jobs. it had a big impact than she thought. i think later she tried to say it was a slip of the tongue. these two actually on the ticket, forget aoc or bernie sanders, we'll get rid of fracking. that is a big deal in wyoming, new york dak, pennsylvania, a lot of the places no? >> the strategy of this convention set a mood and present an image that's appealing to people in middle america but, study the underlying substance and it is very hostile.
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we're going to hear about pennsylvania tonight. scranton, pennsylvania in particular where joe biden lived until the eisenhower administration. you look now at the underlying policy where it is talking about transitioning, retrofitting, buildings across the country, converting all school buses to alternative energy, and rapidly getting to a net zero emissions economy, this is extremely expensive, impractical. you're seeing in california that they tried to go part of the way towards this. this heavy reliance on alternative fuels that are economically viable is, it literally means you can go out power. doesn't get much worse than that when you're talking about energy production. melissa: no. yes. and we see this in california all the time. they have these brownouts. they have the enormous fires.
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they say they haven't spent money on infrastructure. when you drill down, the reason they haven't spent a lot of money on the infrastructure, a lot of money was diverted to these alternative fuel plans. while everybody is paying really high prices you can only pay for this solar and this which isn't producing enough energy. there isn't money left to redo the infrastructure, to secure the grid. you have these fires. that is one of the many problems they have. you said there in your answer, if you drill down on the underlying economic principles, underlying policy, no one does that except for "the wall street journal" and us but regular people don't have time for that and my concern is, they disguise what biden, harris, administration would mean for taxes, for policy, for energy jobs. i mean, how do you get that point across to people? >> yeah. it is a challenge. i think it is also, we should be clear, this is kind of a bizarre
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year where you see biden move to the left after winning the nomination. the reason he is the nominee across the country, on super tuesday he trounced bernie sanders and exit polling showed that democrats, most democrats do not consider themselves very liberal. they consider themselves moderate, even conservative in some cases. so it is not just, sort of republicans and centrists that don't want the hardcore bernie sanders move away from the market economy. it is also democrats. and so i think in speaking to their own voters, why they are taking great care this week not describing too. the agenda, focusing saying nasty things about the president. melissa: the real question is, who comes out to vote? that is what it always comes down to. most democrats are moderate but
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do they vote. we appreciate it. >> likewise. thanks, melissa. >> melissa, thank you. take together sea. sounds good, right? the cruise ship company msc, offering the first post-pandemic mediterranean cruise out of italy, one of the hardest hit countries out of europe. passengers will have temperature taken and a covid-19 test before allowed on board. face masks will be required when social distancing is not possible. the italian government is limiting cruise ships to 60% capacity. ♪ at you need? given my unique lifestyle, that'd be perfect! let me grab a pen and some paper. know what? i'm gonna switch now. just need my desk... my chair... and my phone.
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♪. ashley: as well, i was going to say as summer slowly comes to an end, i'm sorry to tell you, it is mid-august already, restaurant owners will face another major issue, what to do when the cold weather arrives? how can local eateries continue to serve customers when indoor dining is still prohibited or very limited and outdoor tables are just not feasible? illinois outdoor restaurant ceo sam torrance joins us right now. sam, that is a problem and it is not that long away. what can restaurants do? a lot of in dining is banned in some places across the country
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and 25 to maybe 50% at most. what can they do to hang on if they can't have tables outside? >> well, thanks for having me. these issues are very, very cumbersome, yes. we're trying to find some viable solutions for the you know, coming weather, right? we're here in the city of chicago. we have only 25% capacity of indoor dining. we are thinking more outside the box. we have five more weeks before weather is 50 degrees. we're looking what other cities have done in northern europe, like in paris, in tore ron to in canada or in ski towns in colorado. they have done heaters. they have done blankets with chairs. they have done these domes where you can set these domes up if you have enough real estate, right, parking lots, closing the streets. you see people in the domes right now here in the city of
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chicago you can have six or less people at a table. as a matter of fact we're talking to a lot of designers how maybe we get mass production of these domes to set them up throughout here and the city of chicago. we're going to do whatever it takes. we are the culinary capital of the united states. we want to stay that way. we have to find viable solutions for the coming winter months. ashley: yeah. you say about 5000 eating and drinking establishments are expected to close permanently. that is a very large number, and a lot of jobs lost. >> that's right. we started at the beginning of the year in the state of illinois with over 25,000 restaurants. we were predicted to do north of $30 billion in sales. there was 594,000 people that worked in the restaurant food service industry here in the state of illinois. it has been predicted by the national restaurant association that we could lose up to 20% of our restaurants. that would be 5,000 restaurants
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f we lose 20% of the jobs, that would be over 120,000 jobs as well. we were the largest private sector employer here in the state of illinois. i say that past tense because obviously a lot of people right now, 321,000 people are unemployment or furlough here in the state of illinois that worked in the hospitality industry. ashley: yikes! which leads to the next question, sam what about help from the federal government? should the restaurant industry get a bailout like the airlines, the banks, the auto companies? is it in your opinion incumbent upon washington to lend a financial hand? >> we have been working with our elected officials here in the state of illinois, our elected federal officials such as senator durbin and senator duckworth. we've been talking to them about the blueprint for revival. we feel that there should be, not just here in the city of chicago, the state of illinois, but throughout the whole country. restaurants are the soul of
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every neighborhood. we think definitely should be a blueprint for revival. that should be funds that go to restaurants because again, in the state of illinois, we are the largest private sector employer. we are the second largest private sector employer throughout the country. so the federal government has bailed out the auto industry in the past, the banking industry, most recently the airline industry. we think they should bail out the independent restaurants here throughout the country. ashley: can restaurants at 25% capacity, sam, survive for any length of time? i can't imagine they can. >> no, they can't. they did not put their business model together with 25% capacity. they didn't even put their business model together with 50% capacity. maybe 75% capacity you can make it work but we're not going to be there. that is why we got to find viable solutions for the coming winter months, like i mentioned a little bit earlier, tents, heater, domes, expanded footprint to have these domes. we got to think outside the box.
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that is not just here in chicago. you have to think of the other northern cities, cleveland, denver, new york, boston. ashley: you're absolutely right. sam, thank you very much for joining us today. melissa. melissa: your future amazon order could arrive even less time. the details on the e-commerce giant's latest move next. fox business's charles payne will be joined by a panel of special guests for an a america invests together virtual town hall. if you're a millenial or gen-zer how to take control of your own wealth or investments, you can send a video of yourself to fox business or facebook or instagram. email the video, vested in you @foxbusiness.com. sent 2nd, 2:00 p.m. eastern on fox business. you can see the video and answer
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♪ ♪ melissa: expanding from online to offline, amazon could be teaming up with brick and mortar retailers to bring its operations to the next level. our own grady trimble is live in illinois with the details on this one. >> reporter: melissa, out seems like an unlikely partnership, the e-commerce giant amazon teaming up with the company that, frankly, that has faced so many challenges because of e-commerce, simon property group. but we know that amazon is interested in moving into retail space, in fact, this in a short time is going to be an amazon go grocery store. it was a babies r us and kmart, struggling businesses. amazon coming in and using the existing retail space for its own concept.
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and wal know that simon property group is interested in possibly partnering up with grocery stores. recently she so owe david simon had this to -- ceo had this to say: i am hopeful that we can certainly do more business in the grocery category. there's been some speculation that maybe amazon is going to use department store space that's now vacant for fulfillment centers, but then other analysts are saying, well, maybe they could use this amazon go grocery concept in those department stores as well. that's one of those stores you've seen the video where there's cameras everywhere, you load up your cart and check out without having to necessarily go through a checkout counter like you normally would. this move, of course, makes sense for amazon. they save on construction, they can move into existing retail space which is thousands of square with feet with loading docks already in place which makes sense for a grocery store or for a fulfillment center is. it would also be a win for simon. we obviously know that fewer and
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fewer people are visiting malls, department stores were once the anchor tenants, but they're closing by the hundreds. take a look at this. back in 2010 there were 3500 open sears and kmart stores across the country. fast forward just ten short years to this year, there are now only 95 sears and kmarts open, so there's a lot of empty space especially at malls. and it seems investors like this possibility. when the ceo mentioned the possibility of maybe amazon or another grocery type company moving into malls as a tenant, you can see that their shares rose around that psalm -- that same time. we haven't had this confirmed from either amazon or simon property group, but it is something neither company denied either, so it's an inkling that it could come true. melissa? melissa: grady, thank you so much for that. ashley, i think it's that combined concept where they have the fulfillment center where
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they send stuff out, but like target, you could come pick it up if you want, i bet that's the model especially since there's so much empty space. ashley: it makes sense, melissa. you're absolutely right. that will do it for us. guess what? "lou dobbs tonight" starts -- ♪ ♪ lou: good evening, everybody. our high energy president today continuing the trump whirlwind tour of the country. president trump today celebrating as well the 100th anniversary of women's right to vote in this country and at the same time he pardoned susan b. anthony for her 1873 crime of voting illegally. no president has ever done so, obviously, for the suffragette previous to him, and the president shaking his head at those presidential fall yours to pardon her -- failures to pardon her, wondering why it t
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