♪. stuart: you snowe we started out okay at 9:30 but then we headed south. we're down about70 170 points for the dow. why. apple, boeing, both dow stocks, down very sharply. the dow is being hurt by apple and boeing. neil, it's yours. neil: stuart, thank you very, very much. we're watching another development from the airline sector. when it rains it pourses. the airline said if we don't get aid very soon, we're looking layoffs. american airlines will cut 19,000 jobs when the aid expires november 1. delta pilots, negotiations essentially broken down with the airline. finnair across europe cutting

1000. the airlines are taking it on the chin, first signs where so many in the industry seem to be tell of telegraphing problems, unless they get a new batch of a. the aid in march, april, may, is essentially running out. there is talk after 85 billion-dollar relief package. no one agrees what it should be, when it shut be doled out. that is hitting airline stocks. we're watching that very closely. we're watching day two of the republican convention right now. hillary vaughn following all of those developments for us. hillary? reporter: neil, day one of the republican national convention was really about president trump and the republican party pitching themselves as the law and order party. what is interesting is when joe biden first got elected to the senate, he campaigned on exactly that, law and order. >> every time richard nixon when i was running in 1972 would say

law and order, the democratic mantra the response was, law and order with justice. whatever that meant. i would say lock the s.o.b.s up. reporter: biden back then sound ad hot like republican party today, cities like portland whose streets are held hostage from protesters and rioters from 90 days violence. >> democrats won't let you go to how much but let you protest. democrats won't let you go to work but let you riot. democrats won't let you go to school but let you loot. reporter: patty and mark mccloskey spoke at the convention. the st. louis couple went viral when protesters broke into their community. but the biden campaign reacting today, to last night's convention saying that the violence and unrest that is happening right now is happening

in president trump's america, not joe biden es america. >> he never resorted to the kinds of tactics that donald trump is using like sending federal law enforcement into cities to inflame tensions. reporter: neil, even though law and order and violence on the streets did not come up on the dnc, the biden campaign is trying distance themselves from the defund police campaign that you hear from a lot of surrogates. neil: you swill hear today from melania trump. can you set the stage for that? reporter: that speech will happen at the white house behind my shoulder. in the audience are going to be several of her friends a lot of women there. of the point that she is going to make, is really one of unity, coming from her at the white house and, what is interesting, neil. she has had a platform that has pushed back against a lot of

bullying and harsh rhetoric coming on both sides. so she certainly will try to portray a message as the unifier and a positive light and a positive voice from the party. neil? neil: i also see that secretary of state mike pompeo is expected to speak. now in his role of secretary of state, a lot of people have been saying could that be violating the hatch act? he argues, i'm speaking as just an average american, right? it is controversial moment, right? could you lay the groundwork for that? reporter: it is and what is interesting there has been criticism because there are events happening at the white house. we're going to hear from secretary pompeo that the white house and taxpayers would be picking up the tab for this, that would violate the hatch act. we heard from stephanie grisham tried to allay concerns that anyone other than the republican party, other than the campaign would be picking up the tab for

the events this week but you are going to see certainly from democrats a look at the numbers after this is all over to insure that none of this, no bill was ever sent other paid for by taxpayers or by the white house. neil? neil: hillary, thank you very much. hillary vaughn. we had another night of violence and uprising in the kenosha area, it spread to madison, wisconsin. all of this follows the shooting of jacob blake. it is indicated right now he will survive that, but paralyzed from the waist down. the unrest continues in the greater wisconsin area here. in fact throughout the state, there have been a number of protests and still more planned. jonathan hunt with the latest from kenosha. jonathan. reporter: neil, we have now a second night here in kenosha

which was a passionate protest turned into out and out rioting. hundreds gathered here at the county courthouse to begin with last night and then, after an 8:00 p.m. curfew was attempted to be imposed by police, they moved on, about a mile away burned down several local businesses there was also sporadic looting taking place. earlier as police tried to impose the 8:00 p.m. curfew, the protesters lined on, opposite of them, threw fireworks at the police lines. the police responded with volleys of tear gas. all of this of course a result of sunday's shooting of 29-year-old jacob blake. in the video we've all seen several times now, the, several officers appeared to follow blake after an altercation. he leans back into his car. one of the officers grabs him about it shirt. then we hear on that video seven

shots fired. now jacob blake's father, has told a chicago newspaper today, while his son is in stable but serious condition in a local hospital he is in fact paralyzed from the waist down. we do not have confirmation of that from the hospital or local authorities here but that is the word from jacob blake's father. the mayor of kenosha, yesterday, had a message for the blake family. listen here. >> we are going to make sure that justices done for everyone. that people will have the right to make sure that the investigation is taken care of and is done correctly. reporter: now one thing we won't have in this investigation apparently, neil, is body camera footage. that is often so crucial in these kind of investigations but as we understand it, the kenosha police department budgeted for body cameras back in 2017 but never actually bought them. so as a result, not one of the

officers involved in the situation in the incident with jacob blake was wearing a body camera. so the police chief, when he eventually comes out to talk to us give us the details is going to be very reliant on the first-hand accounts of those officers and of witnesses who were there at the time. but without body camera footage, there are a lot of gaps remaining in the story, how it all unfolded, neil. neil: jonathan hunt, thank you very much. >> jonathan hunt in kenosha. here with us vernon jordan, vernon jones i should say, he electrified at the 2020 republican convention. it was his comments more specifically on this mad rush to defund police departments that got the most vocal response. take a look. >> police officers are our fellow citizens.

they live in our country. they have families too. they live in our communities. unfortunately democrats have turned their backs on our brave police officers. they call it defunding. it is a danger to our cities, our neighborhoods, and our children. isn't it ironic that democrat politicians have personal security to protect them. neil: that electrified that crowd. vernon jones with us right now. vernon, good to have you. democrats have seized on this shooting of jacob blake as proof that the police can overdo it, that is working to their advantage, to keep that front and center, not worry so much about police and whether they're offended. what do you say? >> well, neil, they made this is a political issue because they don't have a record to run against or run on, going against

donald trump who has a solid record of accomplishments. many of them don't know a lot about law enforcement. i was fortunate enough to command a very large police department in georgia when i was county executive. i've been on both sides of it. i've been on sides where there were police officers involved in shootings that resulted in deaths. i've also been on the side where individuals have shot and killed my police officers including two in one night. so in my heart and soul goes out to everybody, there are no winners. there should be protocol, when police officers are involved in shooting, i immediately had someone from the medical examiner's office. the police chief would be there. the georgia bureau of investigation would be there and someone from the district attorney's office. a fair investigation would be done. you had different eyes on this. when it is all done, it is wrapped up and given to the district attorney to make that decision whether or not they want to indict. but i want tell you this, when that happens, you do want to take the officers or officer, put them on administrative

leave. they are earn titled to due process. let the facts come out. too many times the media gets in it, involves getting people's emotions into it. and so we need to take a deep breath, let the facts come out. justice will be served. no one support as bad police officer but no one supports someone who can feel like they can just attack a police officer because his or her life is in danger as well. so the democrats, yeah, they would like to see more police officers shot. that is why lives don't matter to them. politics matter to them. i hope, neil, in this situation, that those families and i'm glad that the mayor reached out to the family. you want to communicate with them. you don't want to hide anything. you don't want to hamper the investigation but you want to make sure the process is fair, that justice gets done. neil: i don't want to get too knee deep in this particular case, vernon. of the video that you did see of the shooting of jacob blake, again we don't have a bodycam footage.

there was none available, but what did you make of it? >> well, if you look at what was shown as the individual is getting into the car and then the shot, shooting took place, it doesn't look good obviously. and i don't care who looks at it, they can say it doesn't look well. what happened? what was the breakdown? however, i have learned to look both ways before i cross. so let's wait until the all the evidence get out. i am not investigating this. i am not prosecuting this case or even thinking about prosecuting this place and neither is the public but i know the public sees what it sees and they have questions and that's a good thing. those questions should be answered. so let's allow the process to take place, not politicize this. reach out to the family members on both sides, because, police officers have families too, and they want their loved one to come home as well. they know the dangers that they face. neil: you know, you mentioned

that because, a lot of eyebrows are raised with the wisconsin governor, tony evers reaction to this, he already made up his mind what happened based on that video, saying pretty much in support of mr. blake, that he was shot in the back multiple times in broad daylight. in other words no, ifs, ands or buts about this. when a state's governor, weighs in, says something like that, demonstrations, riots, are all but inevitable, aren't they? >> yeah. but let me tell you, i think the governor should call for calm and peace. i think the governor should call the local police department, the police chief, the district attorney's office say, hey, listen any resources we can provide you all to help you, to do a thorough investigation and augment what you're doing, we're here to help. but people want answers. they deserve answers. and let's make sure that this process go through in a swift

but effective and fair manner. and so, it is okay, but don't make it political. that is what i'm afraid of. i'll tell you another thing, neil. let's get used to this. there will be other officer-involved shootings. it is almost as if we're surprised there is another shooting. but there are people being killed every day. where is the outrage when one-year-old, 8-year-old, teenagers and children shot almost every weekend in chicago? and so it is almost only time you hear about a situation happening is when it involves a police officer and more specifically when it involves a white police officer. now, a bad police officer is a bad police officer but that is not the majority. and let me say this too, the black community they support the police department. they want their neighborhoods to be safe. they want protection. they just want fairness and they want the officers to have integrity and treat them like they're supposed to be treated.

but with that being said, when a police officer asks you to do something you should obey the law. we should also emphasize that right now, that can stop a lot of thee situations from happening. when you ask that person, when the law enforcement ask you to do something, do it. at that scene, if you have a problem, then go to internal affairs. let's get it investigated. that is not a good situation to be in, when officer tells you to obey them and they don't. neil: all right. vernon jones, thank you very much for taking the time. trying to provide calm in the middle of yet another racial storm. thank you very, very much. be well. in the meantime we are focusing on other developments like a dow down almost 200 points. we already know some of the prescriptions that joe biden has to make things right if he got elected president is raise taxes but he is not alone. a number about states are looking to make up for the shortfall in revenues they're seeing. largely because of the virus, by hiking taxes in new jersey,

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refinery, this as laura churning in the gulf is expected to make landfall in texas. could be louisiana as well in as little as 24 hours. again as i say it could come up to a category 3 hurricane. let's get the latest from charles westin ho joins us from baton rouge. hey, charles. reporter: neil, hurricane laura is expected to make landfall near the louisiana border. southern louisiana is taking all necessary preparations ahead of what is expected to be a strong hurricane. governor john bell edwards says laura could be the strongest storm to hit here since 2005. >> this has the potential to be strongest hurricane to hit since hurricane rita and it happens to be taking at least, for now, a very similar track to hurricane rita. so we should all be very, very careful. reporter: people are taking the

governor's warning seriously. folks are boarding up windows, laying sandbags, making sure they have essential items they need before laura arrives. forecasters say the storm will bring several inches of rain and hurricane force winds. there are more than two dozen jack wages orders in -- evacuation orders in flood-prone areas. the region could see life-threatening storm surges anywhere between two and 11 feet. >> well laura comes in, at a cat-2 and we're on a eastern side of it, it hits west of it, like they're talking about doing at lake charles, you know, we're going to be on the wetside. not only the wet side but on the tidal surge side. reporter: laura has left its mark on the caribbean killing at least a dozen people including a young girl in haiti. the storm causing landslides and

floods. and back here laura could bring winds up to 110 miles an hour when it hits in the next day or two. neil? neil: holy cow. charles watson, thank you for the update. we'll watch it closely. watching what a number of states are doing to financially prepare for storms they already experienced in new jersey, one of the first out the gate to offer a nine-mont fist challenge year plan to get them over the hump t includes a dramatic hike in taxes on so-called millionaires but would entice and bring in more than just millionaires, raising the top rate in the state 8.97%, to 10.5%. making it the priciest state for the well to do. continuing a theme out of the democratic national party. joe biden saving he can raise four trillion dollars next 10 years targeting rich and companies with tax hikes limited to just them.

danielle dimartino booth that can hold water in the long run. it is what it is, danielle. most states have to have budget in balance by the end of fiscal year. the new jersey saying how i will do it. joe biden seems to be thinking the same way about going after the rich guys. what do you think? >> well, you know, it could be worse. at least joe biden seal something 400,000 as opposed to what it was earlier on in the obama administration which was $250,000 you were deemed to be quote-unquote well think. we will see how things work out for certain states. new jersey is actually tried this game before and the higher it raises taxes the more it seems to shrink its tax base because taxpayers vote with their feet. they end up moving to states that have much lower or no income tax. so, you know, soaking the rich, it always sounds good. it is something great to talk

about. on the other hand it doesn't play out well. to your point governors are in a very hard position they do have to balance their budgets. we'll see if the state of new jersey will be welcomed by the bond market. i'm hearing nine billion dollars of fresh debt being taken out possibly. neil: yeah. also a hike, you know, another increase of a buck 65 on each pack of cigarettes sold in the state, on and on. you're right. he has been blocked in the past by surtax on the wealthy by a democratic legislature fearing what you said. it might be a little different this time because he is in a pickle here and, he has got to do something. i'm just wondering what the fallout would be, in other words, if state after state institutes such policies, and then president biden gets in, if that were to happen and does it on the national level what then? >> well, then you're going to see people a lot more cash constrained in an economy that is driven by consumption and

that is just a fact of life. even here in the great state of texas where there is no state income tax, just mention the word property taxes people automatically sit up and pay attention, because we know we have high property taxes down here. at some point somebody has to pay the bill. you can't pick up the phone in the event that somebody is having a heart attack, dial 911, and have nobody show up. those are the simple facts of life. a lot of red at this sense and pushback from the gop, so many states in deep fiscal straight, such as illinois, new jersey, have had public pensions running wild for years. a lot of the reason their coffers are as dry as they are is because they have constantly been funneling funds to cover for that. so, again, we understand the animosity by the same token we cannot not have public services. sew there is very difficult positions to be made going forward. nobody is talking about the bogeyman of u.s. federal debt headed to 2trillion dollars, who

on earth pay for that outside of the tooth fairy? at some time adults have to rationally speak about the bills racked up whether on the state level or federal level. neil: you're right about that. we're get together stage you can't put it off any longer. danielle, thank you very much. we're hearing, this was no big surprise, a florida judge blocked an order requiring in-person learning during the pandemic. how does that affect the reopening of rest of florida schools in the next two days? state senator rick scott on that, much more after this. (calm inspirational music)

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♪ neil: black lives matter maybe courses could be taught in

things's schools, teach about that, teach about black lives, and course that would let everyone in how you address that now in these times. gillian turner taking a closer look at that in washington. hey, gillian. reporter: neil, good afternoon to you. fox news is learning more about the nationwide push to overhaul curriculum, to bring them more to the goals of black lives matter. most of them families straight down the line tell us they want to see a change. >> they mandate black history and studies from k through 12. reporter: in the wake of the death of george floyd and briana taylor, educators say it is time to round out history lessons in particular, make them represent the central role that black americans have played. >> what we found there is not enough recognition of the tremendous role that african-americans have had in

creating the united states, as a matter of fact. so what we do to compliment is to really make sure that our scholars see the bright spots. reporter: now the stats do back up that feeling. according to the most recent polls, 81% of american teachers support the black lives matter movement and its goals. ad administrators say a more accurate understanding of racial issues should naturally originate in the classroom. listen. >> the clear example for us as the first computer science middle school in washington, d.c., is all of the figures in hidden figures. they have to hear stormries of the katherine johnsons and computer sciences, innovators who helped create wonderful solutions that have made not just your community great but our role better. reporter: now, neil, talking to sources in education, they tell us the catch here or really the

challenge is cost. they say in the middle of this pandemic schools are already overburdened by spiraling costs to try to keep their kids safe and healthy. so now to start revising curriculum on top of it is something that would be very, very expensive. neil? neil: all right. thank you very much. gillian turner on all of that. speaking of schools, they are reopening across the country. as you know in florida by the end of the week they want to make sure all kids can get back and in person but right now a judge slapping down essentially the edict said that had to be the case. right now the state is appealing it. into the mix, rick scott, former governor of florida. now senator. senator, what do you make of this move? i mean the state obviously wants kids in classes, in person. many, teachers union argue in the state it would be better if we started off virtually. where are you on this? where does this stand right now? >> i think our schools need to

open and our parents need to have a choice. some parents will want to send their children back to school. some parents will want distance learning. they have got to have choice. at the federal level we sent $30 billion down to the states i think over $7 billion to that for the cares act, specifically for the schools to help them get reopened. make sure they have the protective gear they need. we on top of that, sent $150 down to the states to make sure it has to be done safely. the schools need to be open. the kids want to get back to learning. some of it will be distance learning. they need to have an option. neil: now you have grandkids going to school in florida. what are they going to do? >> well, i got two sets of grandkids. one lives in texas. they're still figuring out what they're going to go do. the one here is, part of, they have got five little boys. some are going back to school. some will do distance learning.

neil: i like what you were saving at the outset, senator, maybe help paints parents make that choice. don't force them one way or the other. it is lopsidedly virtual, you're worried about that. explain. >> here is what we all know, some kids do distance learning better, online. florida has got a great online curriculum education system in our state. but some kids do better in school and some parents need their children to be in school. that is why i think parents ought to have a choice. they ought to have a choice. do you want to send your child back to school? do you want to try distance learning? you know people will figure this out. we all distanced for a while. my grandkids all distance learned for a while. my daughters right now they're still looking. some are going back. some are going to do distance learning. neil: this issue about kids when

they go back to school in person or not, the law and order issue, they're competing top burner issues for voters and i'm wondering how they play out this fall? what do you think? >> well, i think andy pollak, who is a daughter at parkland did a great job at the convention explaining why the schools need to be safe. as governor eight years, what do people care about? they want a job, they want their kids to get a great education and they want to live in a safe community. those are the most important things for every american. unfortunately for the fall this democrats, many taking the tact that are defunding the police. not clearly supporting law enforcement. i think that will hurt democrats in the fall. neil: senator, thank you very much, be well, healthy. senator rick scott. beautiful state of florida. by the way the president just tweeted out hess choice to be

the homeland security secretary. it is going to be chad wolf. right now this is effective -- placed him in nomination, saying chad has done an outstanding jobe. greatly appreciate his service and that this is a step in the right direction to look after our nation's interests. we'll have much more after this. this is decision tech.

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♪. neil: all right. forget about the rolling blackouts right now. what is this going to be like for california for years, maybe even decades if these rolling blackouts become so routine there is nothing the state can do to turn things around anytime soon because it had put in place other measures that didn't come to fruition, like clean energy, that wasn't quite ready for prime time, that leaves them exposed to what we're seeing right now? jackie deangelis is looking at all of that. hey, jackie. reporter: good afternoon, to

you, neil. that's right. california in the eyes of some is facing an energy crisis here. i want you to look at the numbers, so you have context what is happening. between 2014 and 2018 california transitioned away to natural gas-fired power plants by about 21% and increased renewable energy by 54% t changed the way it was functioning on its grade and consuming energy. it depend as little bit on imported power, mainly hydropower from other states, to the tune of 25%. the california has almost entirely eliminated usage of coal for power usage. the grid is stressed, no denying it. rolling blackouts, heat waves. california independent system operator and california edison said they can see a power deficit by 2021. listen to this, the energy secretary was on our air this morning and he had a comment here. >> there has been a rush to renewable power, generation

power. they focus their investments there rather than on things like transmission lines and distribution lines which in some cases may have caused some of these fires. but it's a case study, stuart in how not to approach our electricity grid. reporter: so governor newsom earlier this month blamed it on the grid operators saying quote, their failure to predict these shortages is unacceptable, particular hi given our state's work to combat climate change. california is not the only state that wanted to reduce its carbon footprint. so did new york. the plan here was eliminate grid emissions by 2040, maybe a more realistic goal was set. 70% of power generation from renewable sources by 2030. that would be up from the 27% in 2018. so a big drastic jump but over a longer span of time. so as california governor is sort of pointing fingers here, there are some asking why state leaders were not more realistic in implementing some of these policies? you have even got

"the new york times" saying poor plan something to blame here. right now when the state's energy demand peaks, california finds itself in a deficit, forced to find replacement of power of up to 25 to 50% of what is needed to literally keep the lights on. this as the environment and climate change are top of list on the democrats agenda, neil. so a lot of people wondering if the plans that are in place are even functional or working? neil: well, for now they're not, that is pretty obvious. jackie, thank you very, very much. that was very interesting. jackie deangelis. now, law and order issue has been a big ones for republicans to pounce on. then we get the shooting of jacob blake. the democrats say exposes the weakness in focusing only on cops. how both sides are playing this after this. ♪ an army family who is always at the ready. so when they got a little surprise...

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♪. neil: all right, we do know that chinese and u.s. negotiating teams are talking about the chinese being good on phase one of that deal. it calls for the chinese buying a lot more corn, soybeans, things like that. we don't hear a lot about american beef or whether those purchases are going up amid new standards in effect for beef

being sold and processed in this country. garrett tenney with more on all of these developments that are a big concern to farmers to put it mildly. garrett. reporter: neil, it is pair to say ranchers have a bit of a beef with democratic proposals such as the green new deal which calls for americans to eat less red meat. that is factor in the presidential race in iowa. the trump campaign is reminding voters here of what kamala harris said at a cnn town hall almost exactly one year ago. >> would you support changing the dietary guidelines? yes. >> the food pyramid, to reduce red meat specifically? >> yes, i would. >> senator kamala harris said she would change the dietary guidelines in this country to reduce the amount of red meat americans can eat. [booing] we're not going to let joe biden

and kamala harris cut america's meat. reporter: the cattle industry is a big part of iowa's economy. as of 2017 it contributed $6.8 billion, supported 28,000 jobs according iowa beef industry council. rancher dan says all the farmers he knows, are 100% behind president trump. >> this floats the economy. the gas man will tell you that. the local convenience store will tell you that. local lumber companies. construction. it literally trickles down from here. reporter: meat producers have already been hit hard by the pandemic. here in iowa, many are also recovering from the devastating derecho storm that hit. the head of democratic party says lack of producing meat would hurt producers he argues there is a lot of opportunity

for iowa as plant-based meat grows. >> we will find other markets, other things, other pauls of the economy will pick up to replace that maybe more specialty, maybe more grass fed beef, you know. when you do eat red meat, a higher quality of meat as well. reporter: president trump turned iowa red in 2016 winning nye nine points but democrats here are feeling optimistic after flipping two of the state as congressional seats in the midterm elections. neil? neil: garrett, thank you very, very much. while he is here, i want to get congressman henry cuellar's thoughts. democratic congressman. very good to have you, but the outcry we're hearing from these iowa farmers on the democratic ticket, maybe democrats in general lecturing them about meat, about dietary guidelines and that they are going to be

big brother coming in, if they get in, what do you say? >> well, listen i, nobody is talking about big brother. i was raised on a ranch. [inaudible]. future farmers of america. i sit on the ag committee. i've been on the ag committee in many years. i support my ranchers and my farmers because agriculture is a big part of our economy, not only in texas but in so many other states. we got to make sure that we have great policies that allow our ag folks to be able to export to other countries and at the same time be self-sufficient when it comes to food. neil: but you didn't really answer my question. that is nice. this idea that the democrats are going to start changing our food guidelines and that could hurt these guys, what do you think of that? >> well, listen, that might be some voices say certain things but at the end of the day it will be congress and knowing my

fellow colleagues, i do know, just like there are some extremes on the left, there are extremes on the right, and i think congress as a whole will make sure that red meat is participate of our diet. neil: nicely answered. i also want to get your thoughts on the president saying that these polls in texas, that show the race is closer than thought, he just doesn't buy them because this is the ticket that wants to end or severely curtail fracking, that doesn't like fossil fuels, says what is going on in california is a preview of coming attractions, with blackouts, rolling blackouts, brownouts, all of that. you're in texas. that is a big energy state. what do you think of all of that? >> of course, i'm a, in fact i have the eagleford which is a big energy patch. i'm supporter of the energy sector. they create thousands of jobs,

money provided by schools and our roads and i support the energy. just like on the ag there might be some voices that will say certain things but look, look, some people have a problem with fossil fuel. i do understand they're has to be a transition, anybody thinks that there will be a transition from day one to day two, it will not happen. we want to see transition. in texas we're number one in oil and gas in the country but we're number one in wind in the country. we can find that balance. i think democrats will find that balance. neil: you know, the jacob blake tragic shooting in wisconsin has reignited the entire debate on law and order. i'm sure you're aware sir, violence, demonstrations two days running. first kenosha, spread to madison, wisconsin, the capital. more such demonstrations now. do you think the republicans pounding law and order and reaction we get to these tragic

incidents is playing to their favor? >> you know, again, i think things -- voices on the far left and far right, but i will tell you, i have got three brothers are police officers. one is a sheriff on the border. i support law enforcement. in fact when i run, whether it is the sheriff's association or the border patrol or whether it is the police association or the statewide, they all support me because i believe in law and order. there are democrats that believe in law and order. i don't believe in defunding the police. that we need to reform it? of course we need to do that but if there is a bad apple, you go after the ad the after bad appl. you don't paint all men and women with the same paintbrush. i think it is wrong for anybody to do that. neil: as issues come up in your platform, is discovered that, 3,000 farmers and 62 delegates voted for that platform.

more than 1000 voted against it. is there a real serious difference of opinion within the party on some of these big government moves? >> you know anytime you build a platform, you are going to have deficits, just like the democrats have deficits. republicans took the easy way out. they didn't put a platform out. they said support trump for four more years. that is not a platform with all due respect. so yes, there are going to be some differences. but at the end of the day, we'll move together united even though there are some different voices. neil: congressman cuellar, great catching up with you. we threw a lot of news items. always great talking with you. thank you very much. big news out of new jersey that has rich people there saying uh-oh

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♪ ♪ neil: all right, what the market giveth, it can taketh back especially when apple after hitting record highs, well over $500 a share, surrender or some of that ground. of course, it splits its stock after the end of the trading day on friday, and there are going to be a whole bunch of al capones coming up, they've changed the whole thing.

in the meantime, living true to being coast to coast, in new york city governor cuomo says all the major airports in the area will have covid-19 testing in place and soon. we're learning a lot more about hurricane laura rah, that she could be a much bigger and more severe storm than earlier thought, possibly a category three hurricane setting its sights on the likes of texas and louisiana as soon as tomorrow. and then as the nfl gets ready to resume games in a little more than a couple of weeks, joe theismann on what we have to look forward to or maybe not look forward to, fans in the stands, not fans in the stands. joe's coming up. in the meantime, the latest on those the riots by the fear of the killing of a black man, looks like he could be a paralyzed from all of this. we don't know for sure, what we do know is it has erupted into two nights of violence throughout wisconsin. we're going to be talking to former governor there, scott

walker, on the messages this is sending and what the present golf is saying, but first, grady trimble with the latest. >> reporter: neil, this building is one of the casualties of last night's rioting here, and you can see this building is still smoldering this morning even though the fire was set last night. this is the wisconsin department of corrections administrative building. we have videos from just a couple of hours ago, crews already knocking down the remaining walls, leaving this rubble that you see here. and what happened yesterday evening and into the night is protests started downtown near the courthouse that you've seen over the past couple of days, but then they moved to this street which is about 5-7 blocks from downtown, and they started hitting businesses along the way. they hit a tire store, they hit a furniture store and lit that on fire. they hit a used clothing and other items store. we talked to the owner of that used tire store, and she told us

her father started this business in the 1960s, and she watched just after looters hit it last night and took her safe and other belongings from inside. listen. >> my father's legacy. i just don't get it. he's been an icon in this town for decades. it's just horrible. he would be so ashamed right now. he would be so heart broken if he came in here and saw all this. i'm sorry. >> reporter: and this was the second night of protests here in kenosha. as you mentioned, neil, all of this started went police shot jacob blake at least seven times. benjamin crump, an attorney for the blake family, says that he is still alive, but he is paralyzed from the waist down. he says we don't know yet if that will be permanent. crump, by the way, is expected to speak around 4:00 eastern this evening here on the ground in dekenosha in front of that

courthouse which has been at the center of several of the last nights' riots. this is what we're seeing, several buildings like this, neil, burnt to the ground and businesses destroyed, family legacies gone and people without a lively hood. livelihood. neil: so meaningless. grady trimble, thank you very, very much. the read from the former wisconsin governor, scott walker, who joins us right now. governor, good to have you. many have said that officials in the state are actually heightening the anxiety around this. the wisconsin governor, tony evers, had issued a statement that seemed to be totally anti-police, in support of -- we don't know the details, but saying that he was shot in the back multiple times in broad call. we don't know all the details of the shooting. we do know that body cams and footage like that are not available and won't be available because the officers involved didn't have them. i am curious about his response

without knowing for sure the details of this. >> well, the whole thing is just tragic. it's tragic for the blake family, tragic for the law enforcement community in southeastern wisconsin, kenosha county, throughout that area. i love kenosha, i've been there, obviously, many times as governor and many times before that. what is going to go forward though is is an independent investigation. in fact, wisconsin department of justice will be involved in this, and they'll look at whatever other pieces of information beyond just the video that's been so widely viewed across the country. but unfortunately, democrats like joe biden and even governor evers here in wisconsin have leapfrogged the entire process in a way that, i believe, they didn't do this outright, but they've almost encouraged people to go forward with the rioting which, as we just heard in that segment, causing incredible damage and harm to the people who live in that very community. neil: i'm just wondering what happens now.

i'm sure, governor, you've had a chance to look at the footage that you saw. it's hard to make sense of what happened and why it happened and the succession with which it happened. it doesn't look good, and i'm just wondering where you think this goes because, obviously, they're planning some more demonstrations. you know how out of hand it got over the last couple of nights. what do you think? >> again, i don't want to jump ahead without knowing all the details, and hopefully there's other footage or ways to see what happened. obviously, you can see the gentleman getting into the vehicle and law enforcement officials, i know over the years, have talked about how very dangerous it is at a time like that. but we'll is have to leave that to the people involved in the independent investigation. but i hope people would recognize where it has been obvious, as it was in minneapolis with george floyd, no one came to his defense, and, in fact, the prosecutors in that community have charged the former officer who was involved in that.

in other cases sometimes there's pressure if, but people look at the facts, multiple pieces of evidence and realize it was justified. i don't know what's going to happen in this case. what i do know is that leaders at the local are, state and federal level have to speak out about violence. the rioting does no good, it only causes more harm, more danger. we can make changes, tim scott talked about it last night. he had a a bill that could have bass passed on a broad bipartisan basis in the united states senate. we passed a bill like that in wisconsin, i was proud to sign that law. again, it had broad-based support, an independent review that gives it to an independent body to look into things like this. we need to do more things like that, but we cannot rush to just allow rioters to go forward. and i think the governor here needs to bring out more members of the national guard game control, go forth independently and see where the facts take us. neil: golf scott walker --

governor scott walker, thank you very much. we have gotten word that the governor there has, indeed, called on the national guard. we don't know the number of troops or how much help will be provided, but he has at least requested it. also keeping an eye on states coming out of the covid-19 virus with, well, some viruses of their own, fiscal viruses. they're running huge deficits, and most states, about 44 of them, have to balance the books by the end of the fiscal year. they've changed the fiscal year a little bit in the state of new jersey, but that doesn't hold off on some of the solutions that they're going to have to come up with. for governor murphy there, tax hikes are a way to do it. lauren netty follow -- simonetti following all of that. >> reporter: i got it, neil. new jersey's governor, phil murphy, has just proposed a $32 budge. the state legislature has just one month to finalize it. it cuts $1.2 billion in spending, but it adds $4 with billion in new debt and pile ifs

on the taxes. >> among us, millionaires and large corporations, need to pay their fair share in taxes. ether ithe br er hr onom ienc r erytevhierngyt ththax col are comingominglfk o from peopl peeo pe makakinak ben their taxr rtaatxe r r going uo 10.7..7 new jerseyans alrea pay the thee higheshit phiperthiy taxes innnt ti r.st yr.r.iragira aboutbo88ut00 all rig,, if if you y y a aoat,n exemptiopt aptnd and cap on thex will be undone. if you smoke, taxes rising to $4.35 for a pack of cigarettes. if you own a gun, you'd pay higher taxes on both the firearm and the ammunition. and then this, the 2.5% corporate surtax, that's going to be made permanent. the governor canceling the expected decline. all in, these tax increases would generate a billion dollars in new revenue, partially offsetting the spending cuts x.

then, neil, this is a first of its kind, it's referred to as a baby bond. it's a $1,000 savings account that would be set is up by new jersey for every baby born next year to a low are income family. the bond will grow with the child and eventually be used to help pay for college or buy a home. so that's how the state is answering income inequality. as for schools, no cuts. as for pensions, no cuts. in fact, governor murphy pledging a record near $5 billion pension contribution. and he's leaving more than $2 billion as a surplus, a rainy day fund, to address potentially a second coronavirus shutdown, neil. neil: all right. wow, just staggering. very creative to get more money in. so much with the money that goes out, but we'll see. lauren simonetti, thank you very much. and lauren hinted at this, the democratic legislature in the past has blocked the surtaxes,

corporate taxes saying there are ways of chasing focusing out of -- folks out of the astronaut. the governor saying the situation is much more perilous. to phil wegmann, real clear politics white house reporter. phil, one of the lines i always hear about the rich, they have to pay their fair share. that was the argument new jersey used when they raised the surtax on the wealthy by two percentage points, they were back to paying their fair share. now he wants to lift it up another two points, which would be the nation's highest, that presumably is the fair share. i e get nervous when i hear fair share -- [laughter] because that tends to spread out a little bit. what about you? >> well, what's interesting here is that as different statements have different definitions of fair share, voters end up making decisions by voting with their feet. and what we're seeing in new jersey is not that different than a discussion we were having in new york not long ago when you saw alexandria

ocasio-cortez, the congresswoman asked the governor to increase taxes, and he made the argument that if you did that, that you would actually lose some of your industrial base. and that would be harmful in the long term. this is a discussion that i think is is going to happen on the left, and i think it's going to be interesting to see some democratic politicians starting to make almost conservative arguments about the tax code when they look around and realize that some of these businesses, some of these wealthy people that they want to tax might just with leave. neil: well, it's happened, certainly, in other states. it's happening in new jersey, it's happening in california, so much so that a democratic assemblyman there i talk to is is ad sew candidating a tax -- advocating a tax if they threaten to leave, even if they do leave, the money and assets they accumulated in california would be taxed for years to

come. that rather novel, but it does show you the direction a lot of these guys are going. >> yeah, absolutely. and who's going to benefit from this? it's going to be the states who have lower corporate tax rates, the states that have lower income tax and and, you know, it's not unusual, for instance, you know, even in the midwest for the governor of indiana to make overtures to governors in illinois -- excuse me, to voters in illinois and ohio telling them to just cross state lines. i think that -- neil: right. >> -- sort of thing eventually we'll see much more of. and there is a heightening attention because so much has been spent in response to the coronavirus, i think this also ties in, in a large way, to house and senate democrats asking for more releaf for local and -- relief for local and state governments. neil: you know, i'm not going to lie to you, i'm pretty good at math, money in, money out.

and i know when joe biden proposed $4 trillion in higher taxes, i guess that's fine, but he's proposed more than $6 trillion in more spending. [audio difficulty] that either means he's -- outpaying taxes and now it's half of all filers, i think i've seen this, this movie before. [laughter] >> yeah. i think that what the republicans are going to continue to do throughout their convention is up violate voters -- invite voters to do that political rivet me tick at home and probably come to the conclusion that they want which is for voters to say, well, we can't afford this. what is interesting though and what we can't forget is that, you know, president trump came

to d.c. promising he was going to be a dealmaker, and yet he's made numerous deals with house and senate democrats, and each time it say seems the deficits get bigger and get larger. neil: absolutely. >> it likely is not going to be too long until there's going to be some sort of fiscal crisis where the old problems of social security, medicare and medicaid, you know, those unfunded programs, you know, could create new problems if he wins a second term. and at that point, he might have to go back on some of those campaign promises where he promised never to touch those entitlement programs. neil: well, both parties have absolved any respondent -- respondent for looking a after our tax dough. chickens come home to roost eventually. they're getting pretty close. phil, always good talking to you. looking at these numbers, money in, money out, whether you're on the right or the left, whether you're conservative or liberal,

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♪ ♪ neil: you know, this is a staggering number. this is coming off the university of alabama. in less than a week, 566 coronavirus cases reported. this on the heels of a sudden uptick at the university of notre dame involving at least three dozen students. they gather, sometimes they're following rules, and they still catch the virus. it comes at a time too when schools were hoping to reopen in personal chats. university of alabama, obviously, has to look at that and how they continue with the class structure they have right now. but it is just remarkable to me how contagious this is even when people are following the guidelines. they gather e, they come together, boom, cases increase. we've seen that when baseball resumed, you remember the miami marlins, a host of other teams, the cardinals. where people come together, staff members, players got the

virus. now we're going to see football resume, pretty soon you could see a spike in cases as they do so. but a number of teams are looking at the possibility of keeping it in control on the field and with the players and the staff but not without abandoning at least some people, some fans in the stands. the dolphins among the many teams, the kansas city chiefs another that want anywhere from 10-15,000 fans in those stands. joe theismann, one of the greatest quarterbacks of all time, with us right now, super bowl champ, much, much more. joe, good to have you, my friend. thank you. >> thank you, neil. it's always good to catch up with you. neil: same here. i don't know what it is about this virus, joe, that it just accelerates on its own. and now the nfl, you know, we can get into whether fans should be in the stands, but we know what's happened with baseball, right? when they start, they stumble

out of the gate because people get this thing. are you envisioning that for football? >> not as, not as much as we've seen in the other sports, and i think football has the benefit of being the fourth basic big sport to start. we've seen baseball, basketball and hockey all go through growing pains and protocol that they want to establish and create safety for the players. football's had the benefit now to see what other professional sports have done and then is have a chance to be able to do the things that they need to do. we haven't heard a lot of reported cases from the practices that have been going on now for over a week when it comes to full contact, which i think is a good thing. but i think football has benefited from the other professional sports. as far as the fans go, in '74 i played at rfk stadium that seated 55,000, it was a strike year and there were 3,000 people in the stands, and you didn't know they were there. there was an echo that went through the stadium. i really feel allowing 13,000 or

15,000 fans into a stadium that seats 60 or 70,000 is not going to create a noise factor or an advantage for any home team at the present time right now. but i think it's a start. i'm glad that we're giving it a chance. i'm glad that some of the states are allowing the teams to be able to do that so we can get a feel for what can happen maybe going forward. maybe we get to 50% capacity like we have with restaurants in the mid season. you don't know. but at least it's a start. neil: you know, you don't even know too whether if you do have a spike in cases, whether they'll just abandon thatment i mean, that's been happening with college football where some players on the team test positive for the virus, the next thing you know one conference after another is canceling the season. do you think the pros would do the same? >> it's really hard to say because you have a much more limited amount of players. i think the environment is much easier to control than it is at the college level. most college teams will have over 100 kids.

the professional teams will have that down to 50% of that, you know, 53 on the active roster. i think the protocol that the professional teams have done is much easier to deal with than it is the college level, but you don't, you know, i don't -- who has a crystal ball to be able to see exactly what's going to happen going forward. i think it's a step in the right direction, and now we have to do what we've done for for the lasx months, neil, wait and see what the effects will be and adjust accordingly. i think that's what we've done very well so far. neil: i hope it works out. you know, herschel walker spoke at the republican convention last night, and besides making a push for the president, he also made a pitch for the players standing for the national anthem. i want you to react to this, this was from herschel walker last night. >> love and respect the flag, our national an hem and our country doesn't mean they don't care about social justice. i care about owl those things -- all those things. so does donald trump.

neil: what'd you think of that? >> i thought, i thought herschel did a terrific job of presenting his situation and talking about the president. i think in herschel's case he makes an excellent point when it comes to respecting what other people want to do. we all want social justice. one of the things that's bothered me a little bit is i haven't heard of any changes that have gone forward. i think we really need to enlighten people more and say, okay, we're talking about social justice, but we just don't need activism, we need action. we need to see something happening going forward so that people can feel good about what is going on. i do feel that i will stand for the national anthem. i don't disrespect anyone. i have no ill feelings toward anybody. i support black lives matter. but the fact of the matter is i think we have to respect each other's position and those -- and i still believe that it honors the military. i still believe that standing for that flag and those that have made the sacrifices for us

are the ones that should be honored in that way. now, everybody has their own decisions to make, and i think we have to respect the individuality of each player, of each personned to do the things that they want to do in that regard when it comes to respect. neil: because the nfl commissioner seemed to do a 180, regretting the league's response to colin kaepernick and the whole kneeling thing back not that long ago. what did you think of that? it looked like a mea culpa. >> well, i'm not necessarily sure it's a mea culpa. i think what it was, it was to a degree a misunderstanding of what colin was doing, what he was trying to represent. i think those were things that the commissioner may have been saying i can't speak for roger, i don't know what he was thinking, i don't know why he made the decisions he did. i think we've come a long way to try and understand much more about what's going on in society and what needs to be done, the things that need to be -- and like i said, we keep talking about it, we keep hearing it, we

see things, but where's the action? where are the changes taking place in the cities that impact the problems that we've had? where are the changes? >> a very good point. joe theismann, thank you very much. good catching up with you. let's see how it ends up this year, okay? >> fingers crossed. [laughter] neil: all right. we'll see what happens. joe theismann on all of that. by the way, if you are traveling to any one of the new york metropolitan airports, there are going to be some changes. you probably know about they've cleaned it up, making it easier to go through, but you can get covid tests as well. even though the state's winnowed down some of the states which it not accept visitors, it's still a lot. after this. ♪ ♪ introducing stocks by the slice from fidelity.

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♪ ♪ neil: new york airports, get a covid-19 test. governor ego mow wants to make it a staple of all those new york area airports, but it would extend to all in the state. david lee miller on what this is all about. david lee. >> reporter: hi, neil. new york state, once the epicenter of the pandemic, now has a record low infection rate. but as you point out, there are plans in the works to put in new measures to keep people safe. governor andrew cuomo says that in order to prevent infected out of state visitors from spreading the virus, testing sites are going to be set up at jfk and laguardia airports for incoming passengers. it is not clear how the testing's going to be implemented. travelers to new york from more than two dozen states with high infection rates must now be quarantined for 14 days or else face fines, but 5 states today

were taken off that list, alaska, arizona, delaware, maryland and montana. added to it, the u.s. territory of guam. and despite the threats of a job action prime minister from the teachers' union, new york city still planning to resume in-person teaching next month. today the mayor said ventilation school action teams, that's what they're called, would inspect buildings to insure healthy air flow. the head of the fda has granted emergency use authorization of convalescent palace a ma to treat covid patients says the treatment may not be as effective as recently claimed. many scientists disagreed with president trump's claim that out of 1 is 00 patient -- 100 patients treated, 35 would survive. and last night stephen hahn tweeted a clarification that said, and i quote: i have been criticized for remarks i made sunday night at the benefits of convalesce sent plasma. the criticism is entirely

justified. what i should have said is that the data shows a relative race, not an absolute are risk reduction. and lastly, the country's top infectious disease doctor is warning that distribution of new unproven virus vaccine under emergency use guidelines could create yet more problems. dr. anthony fauci says the vaccine that is distributed in haste could make it difficult to get test summits for any other -- subjects for any other future treatments. in the words of dr. fauci, neil, any vaccine must be both safe and effective. neil? neil: that's a good idea, make it safe and effective. david lee miller, thank you very much. good catching up with you. in the meantime, we told you earlier about new jersey's governor with a plan to sort of balance the books in the state by going of after, you know, the millionaires, the very rich and companies. he did not go as far as bill de

blasio does in new york city to saying you know, the rich might whine, they're not going to leave, but if they do leave, they'll come back. it's a little weird, the de blasio view on all of this, because they are leaving, and that is real. joe borelli is new york city council minority whip, trump 2020 new york co-chairman. jost, always good to have you. he's more or less saying, go ahead, make my day, leave. you'll be back because it's just a great city, and everyone wants to come back. that's not happening. >> yeah. suddenly bill de blasio's a fan of laissez-faire economic policy, apparently. neil, i'm not rich, but i'm told that it's really great to be rich in new york city. it's also really great to be rich in florida or in europe or any of the other many places wealthy people live. the truth is, as you pointed out, that wealthy people and upper muddle class people are actually leaving new york because the reasons they used to live here and the premiums they were willing to pay, restaurants

and museums and night life and all sorts of broadway shows, those things just aren't happening anymore. and combined with that, we see the rising costs of the tax burden that continues to go up and will only increase as the city goes down this financial road, it just doesn't make sense or it makes less sense for a lot of people who have the means to leave. and the top 2% right now pay 50% of our state's income tax. so while everyone may not leave, it only takes a very small percentage of people to leave to impact the city and state budget in a way that will have deleterious effects on some of the social programs that the mayor frequently touts. neil: you know, i never met a tax that doesn't grow. i always talk about the amt, alternative minimum tax, supposed to ensnare just a few who were getting without paying any taxes, and now it's group to more than half of all taxpayers. that's how it starts. so the argument already is that

this will be a trend. it's a worry esome trend for even governor cuomo to say i'm worried about this, i'm worried about people leaving. fellow democratic legislatures in the state of -- legislators in the state of new jersey are worried that people are leaving and urging caution on the part of the governor. but it doesn't happen. invariably, the pursuit of the rich to make everything right continues. what do you make of that? >> no, i mean, and in fair 'em, the governor is correct in worrying about whether these people leave. i mean, wealth very mobile, and, you know, we see whether they're retirees who leave new york city with large pensions and go elsewhere or the very wealthy. it is just incredible to think the mayor would be so lackadaisical about attracting people who want to spend money. even when we don't think about their income tax, we have to think about sales tax and keeping a vibrant population. the city government is a 4.5% partner on almost every retail transaction that happens within its limits. so when things like businesses

are shuttered for a year -- and now there might be long consequences of population decline -- it's not just as simple as saying this is going to be one tough year. this could be a long-term problem, and the mayor just doesn't seem to take this with a serious attitude. and he needs to. neil: he needs arnold schwarzenegger, someone to say, "i will be back." [laughter] i don't know, something like that. joseph, thank you very much. the arrogance of all of this is, all these localities provide taxes. it's too beautiful, you don't want to leave california. it's too cool, or you don't want to leave new york city. well, they do. they leave in droves. we'll is have a lot more after this including the latest on laura, could be a category three hurricane by the time it bears down on the coast of texas and louisiana. that seems to be the range we're looking at. we'll have the latest after this. ♪

neil: all right, hurricane laura coule a doozy. let's get the latest from adam klotz as the gulf prepares for this one, and it's, i guess, adam, going to be a big one. >> reporter: yeah, good afternoon, neil. this is going to be a big storm, and we're already are beginning to see it intensify now that it's over that warm, that warm gulf of mexico water. winds at 75 mile-an-hour, this is going to have time to continue to lift through that warm water and really intensify over the next 24 hours, quickly jumping up to a category two and, ultimately, a category three hurricane with winds at 115 miles an hour, likely making landfall late wednesday night into early thursday morning. here's just one potential track. this is just a forecast model, but you see a strong, defined storm there as it lifts its way up towards the coast making landfall near houston, and it's going to have a lot of rain, very strong winds, and it's

going to bring a wall of water across this area. these are some of our storm surge predictions, and if these hold true, this could cause a whole lot of flooding, anywhere from 7-11 feet, particularly running to the east side of galveston and then running into central louisiana areas to pay attention to with that wall of water. otherwise as much as 12 inches of rain in some of these low-lying areas, that's going to add to additional flooding. so, neil, as i get ready to toss this back out to you, this is going to be a big storm. we've got a large area with hurricane watches and warnings and, again, the timeline looks like late wednesday into early thursday morning. still a little bit of time for folks to prepare. neil: all right. thank you, adam, very, very much. adam klotz. speaking of the natural disasters, let's go across the country to california, the wildfires and what they're dealing with. claudia cowan with more from california. claudia. >> reporter: well, neil, actually some positive indicators here with the berth improving -- weather improving

some, evacuation orders are being lifted and property owners are returning to see what's left, though in many cases it's just a heartbreaking scene. people finding their family homes we reduced to piles of rubble and ash. ken and marcial bears have stayed with their two little dogs, they say their two-story tudor wiped out a collection of 16 classic chevyss and corvettes dating back to the '50s and a family home filled with beloved heirlooms. >> the house can be replaced, yes. the furniture and all that stuff. but both of us are, you know, 70 plus, and we had a lot of stuff we've collected over the years, and that can't be replaced. >> reporter: more than 600 fires rage across california, the three big infer knows around san francisco bay cover seven counties. and added all together have burned an area 25 times the size of san francisco. along with flames, authorities are also dealing with looters

going into evacuated areas and burglarizing vacant homes. at least 13 people arrested so far. but the weather is giving firefighters a break, especially the czu lightning complex burning around santa cruz. >> we have a really good set of controls on the north end of the fire, throughout the entire north, and down on the coast some of the fire is self-mitigating in the fact that it's burning lighter fuels, or increasing humidity and so forth, the fire's actually extinguished itself. >> reporter: is so good news with the fire fight. still because of all the smoke put out by these fires, the air quality around the bay area is so unhealthy, neil, officials are advising people to stay inside if they can through tomorrow. back to you. neil: just incredible. claudia, thank you very, very much. all right, we have a lot more coming up including the look at that -- a look at that china trade deal that we thought was gone with all the nasty

accusations back and forth. apparently, the chinese still want to make good on it. they have their reasons. we'll explain it. ♪ ♪ - hey, can i... - safe drivers save 40%!!! guys! guys! safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! safe drivers do save 40%. click or call for a quote today.

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forth between the united states and china over what the president called the china virus and that he couldn't trust them, they lied to him on that, caused this world plague and then going after huawei and tiktok that any sense of normalcy was gone, any chance of completing that trade deal was gone. but lo and behold, we get word they're still negotiating, and now word -- can't verify e in this -- that that the chinese are very much going to be buying a lot of american wheat, corn, a host of other things that seemed unthinkable. again, we cannot validate some of these reports that the chinese are making good on these large purchases, but just the fact that they're talking is stunning enough. dan joseph, much more on that. do you believe that, dan, when you hear these reports the chinese are doing this, are you surprised? >> i wouldn't say surprised. it's good news, i think, the fact that the two sides want to continue to engage on the economic pseudo.

obviously, there's -- side. obviously, there's a lot of static here in the relationship, and the more intense it e gets, the higher the possibility that everything gets derailed. but the core is the economic relationship, the interdependency, and i do think there's motivation on both sides marley in these difficult economic times to say engaged. neither economy needs more headwinds. i think it'd be great if we could keep the economic side moving in the right direction, minimize the collateral damage that is created as we try to address sol of these trade issues and then deal with these other issues separately which the other issues aren't going away anytime soon. neil: the president calling biden beijing biden, that the chinese obviously prefer him, trump himself is a much more difficult negotiator, they want him out fast. do you buy that? >> um, i mean, i'm not 900% -- 100% sure of that. on the one hand, obviously,

president trump can talk a hard line on china. and even though i disagree with some of his tactics, the overall strategy of pushing back against china on certain key issues, that was necessary, and e give him credit for that. on the other hand, he does have a reputation as being a pragmatist and someone who wants to keep business moving forward whereas with joe biden might not -- i mean, the chinese are going to think he's going to be softer on some of these trade issues but maybe thornier on some of the other political issues. so it's entirely possible but i'm not sure they have much of a preference, to be honest. neil: you know, before donald trump came along, we worked through the, you know, the world trade organization to hammer out agreements. most of the time the wto would agree with us, but china would still inignore the orders from the wto, so what would change under a potential biden administration if we reverted back to that? >> well, the problem is, is that the wto -- we just don't have

the right set of rules in for a country of china's size and where they're going. most of our trade deficit with china right now is related to them selling low value added, low cost items to us. now they're moving up. their economy's maturing mid to higher levels, so we need some new rules, and it's hard to get those rules developed in a multilateral institution. sometimes you have to take the initiative, get things moving and then bring the wto and get everyone to agree afterwards. so in that sense, the trump initiative makes sense to get things moving, to get the bureaucracy moving. and to the extent that maybe joe biden would not do that, the process might become bogged down. so i wouldn't -- again, to even though i don't like trump's tariffs-first approach, i do like the idea of trying to move things forward even if you have to do that bilaterally rather than just sitting around and waiting for things to a happen. sometimes the bureaucracy moves too slow, it's that simple. neil: yeah, it is.

thank you very much. good catching with you again. you might be noticing the dow is well off its severe losses today, we were down 200 points, down 117 now. normally apple is a catalyst and a helper, that stock is going to be splitting four for one after the trading day ends on friday, then it's going to be a whole new dow. the impact on the dow up or down is going to be minimized because it'll be a cheaper stock. what that means, after this. ♪ it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard . . . . thanks. we'll see ya. ah, they're getting so smart.

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all with no commissions. stocks by the slice from fidelity. get your slice today. neil: they are not taking any chances ahead of hurricane laura right now. the mayor of galveston, texas, announced that areas should be evacuated immediately. coastal zones are being asked to evacuate inmead. tolls are being waived. it will be deadly storm, inland surge and destruction of property. limit travel to essential needs. the storm is expected to be at very least a high wind event. others said, they're clocking thing likely category 3 hurricane when it lands on texas and louisiana or between the two but that is slated to happen

about 24 hours from now. again people being told to leave the immediate area but where do they go in this covid-19 era? many are very leery of going to shelters of any sort. we'll see. charles payne on that. much more. hey, charles. charles: neil, thank you very much. good afternoon, everyone. i'm charles payne. this is "making money." breaking right now the major incan sees are hovering around all-time highs the shakeup in the dow jones industrial average ironically hurting it today but it speaks to the new economy versus the old. coming up what other names should be add towed the index and perhaps to your portfolio. psychological hurdle derailing rally attempt in value stocks. i will share with you how i think the powell epiphany came about, what it means for the society at large. today's rnc is set to focus on the cancel culture featuring famous faces. i wil