august 11, ladies and gentlemen, tesla announced five for one stock split. the stock went up 60% since then. it is up again today. i never seen anything like that. i've been around a long time. susan: yes, you have. stuart: coming up that time. three seconds left. my time is up. neil, it's yours. neil: stuart, thank you very, very much. we're watching a whole new dow doing a whole new thing. we would have a very different do you, my friends, down 220 points if we kept things exactly as they were on friday that was before the apple split which made it obviously as a price weighted index much more reliable on apple last friday than it is today. our charlie brady our stocks editor, he is wicked smart on this very subject, was reminding me that alone is making a big difference. apple is 2.9% of the dow today, versus 12.3% of the dow on

friday. in price terms then, that is about 100 point swing that is just weighted down by apple now as a cheaper stock. it is a price weighted index. i can get into the mechanics of this, and different visor and all of that, frankly it bores me. so i don't want to throw that at all. what i can tell you with the new entrants, salesforce.com, honwell, amgen replacing, exxonmobil, pfizer, and raytheon, you have an index that will be a little more widely gapped if you will versus the s&p 500. fascinating article on this in today's "wall street journal" that digs into this scenario, the s&p is outperforming the dow by about 8 percentage points. that is kind of weird. they're usually dovetailing one another. this new version of the dow which is a little less technologically reliant on some big tech names than it used to be, for the time-being it will mean that gap between the dow and s&p might persist for a

while. it all evens out in the wash. it is now a fascinating development with one big high-priced stock crunched down in the four for one stock split people looking to other names. apple can't save your bacon today. dow, s&p 500 down on percentage term, not quite so much. apple remains a component in that average, disproportionally weighted one at that. nasdaq which apple is a part. amgen is a part, amazon i should say is a part, that is racing ahead in record territory now. the dow will be a fascinating one to watch. regardless how you see it today, my friends, the fact of the matter is, unless we have a complete meltdown in the s&p 500 it will put in its best performance since at least 1986 when ronald reagan was president, long before of course jackie deangelis was even born. she joins us now. all right, where are we right now, jackie? reporter: good afternoon, to

you, neil. the market started the session on a little more positive note. the s&p 500 and nasdaq notching new all time intraday highs. now a little bit of reversal. now the dow down 225 points f we continue on the track where we are, the dow remains at this loss, doesn't go lower than 394 points, we're still on track for the best august since 1984 as you mentioned. s&p on track for its best august since 1986. a lot of this does have to do with those two favorite names of ours, apple and tesla. those stocks splits effective day today. apple four for one, tesla, five for one. if it was friday, apple would add 125 points to the dow but today it is only adding 25. that makes a difference when you look at average. this is coming at the same time where the switches in the dow components are taking place today. we have salesforce.com, amgen and honwell, they are taking over for exxon, pfizer and

raytheon. you're seeing that balance change a little bit. i will take a look at the broader markets as well. it tells a little bit of a story today, neil. the 10-year yield is slightly lower. they're selling stocks, buying treasurys at the same time. you have gold staying a little bit higher, just under the two thousand dollar mark. so the safety trade is still in play and oil is seeing a little bit of a lift because there is some optimism about the recovery and reopening how long that will take, it's a slow process but seeing a slight bid on oil today. investors still a little leery about the overall picture and that is what we need to think about, after labor day everybody's focus will be on the markets and the election. neil: indeed. jackie, thank you, very, very much. not bad for someone, who was before they were born looking at a market like this. should posit here we have other new developments. we're following the virus as

always. we're taking a tick by tick movement. disturbing news out of the world health organization, that economies opening up too soon will be in a world of hurt. that is a big duh. the fact he is concerned about that the w.h.o. director is concerned about that so many are doing this. we've seen indications in singapore, taiwan, germany, italy, luxembourg. new zealand, is close classic example where auckland re10ered a lockdown. he restated the obvious. so far nothing much else on the virus front to report outside. we will discuss this a little later. a number of colleges and universities reporting a record number of virus cases. university of alabama now north of 1200 kids there who have tested positive for the virus. they are pushing back in-person classes as a result. much more on that.

right now to jack mcintyre, brand did -- brandywine portfolo manager. jack, looking at the market from mile high level what do you think of what we're seeing today? the last day of august, a lot of attention how the s&p will do some pretty stellar numbers here if it can hang on but what is your sentiment here? >> so, neil, the markets should probably be doing stellar given what the fed is doing. the fed is doing some pretty stellar monetary policy. they told us last week they will keep monetary policy stimulative. hey, could be for the rest of my career. it will be a long time. they didn't add to stimulus but what is in there today will around for a long time. so that is a great environment for equities. you know, there is probably a little bit of fomo, fear of missing out, that is driving equities in here. i don't want to be too

complacent because, yeah the fed is doing a lot of heavy lifting but aren't we on a fiscal cliff right now? where is congress? where are the fiscal authorities? we need to make some progress there. my only concern these guys listen to the market and the equity market needs to sell off to motivate these guys to get their act together. if that doesn't happen, i'm not sure we'll get more fiscal stimulus anytime in the immediate future. neil: you wonder if you need the stimulus given the improvement in the economic numbers. obviously they're haggling over that as you know better than anyone in washington. so they're far apart on some of the things they think they need. republicans are lean and mean party with package of $1.3 trillion, which is at least a trillion dollars less than democrats want. i can't believe the numbers. they are where they are. wonder if the markets have to let it sink in, they will not get mower fiscal stimulus, how

are they going to deep guess that? >> so, to be honest i would like to see the market send them a message, hey, we need to get a correction. you know we'll get a correction in the equity market when we close near the lows of the day. we haven't done that in a long time. it isn't rocket science. going back to your question about fiscal stimulus, depends on what part of the economy you're focused on, anything -- related, sporting goods related, hobby related, transportation, tourism, anything along those lines we need fiscal stimulus. you will get a hollowing out of that part of the economy if we don't that will prolong the ability of economy to get back on solid footing in those sectors. neil: we were mentioning about the virus too. we're just getting confirmation now that the u.s. has passed six million coronavirus case. we're closing in on 185,000 who have died of the virus in this

country. what is interesting is, it isn't as jarring a reaction we typically get with data like this. 25 million cases worldwide, closing in on close to a million deaths worldwide. i don't know whether statistics fatigue or we look at trends show severity in cases is ebbing down, the percentage of those of the population dealing with this ebbing down, what is it? >> so i think it is probably combination of a lot of those factors. we're, i think we're coming to terms that we're going to have to live with this. no silver bullet. yeah, hopefully we get bun but it is not going to happen soon, so yeah, we got to understand if the economy opens up, this is a global phenomena, we'll expect to see an uptick in cases. you know, the question is, the severity of those cases. you know, hopefully, i think we will, see on the medical side of things, improvements that will

on the therapeutic side of things, meaning hey, you can get this, you will feel bad but you know, it is not going to do any permanent damage to you, unfortunately even kill you. neil: yeah. no, i think you're right about that. thank you very much, my friend. always good catching up with you on this monday. jack mcintyre. the guy is an encyclopedia. speaking of an encyclopedia, we're following averages on a day like this. the big news apple is sort of playing, messing with the dow right now. if not for apple we're pointing out, price weight basis does not have the oomph on last friday when it was four times more expensive stock. there are obviously four times more shares available that sliced its value by a quarter. still racing ahead. this kind of a game on friday would translate into extra 125 points in the dow. it is not doing that. i don't mean to negate all the other red blocks you see here.

i want to put it in perspective, if not, the new math and new components in the dow, if it would look a lot better than it does. so that is not to emphasize that one is better than the other. just we've got new math to deal with. it will be an adjustment for a lot of folks. by the way we did tell you a little last week how the fda has been fingered for maybe trying to rush vaccines to market without adequate trials. well there was a good concern whether they were letting these things out the door without having their efficacy checked. now the fda chief is on the wires saying he will not be pressured to rush out a vaccine which was about 180 degrees from what they were saying last week. that is the latest on that. let's go to our charlie gasparino following all these market moving developments including some stuff going on with tiktok right now. china might rain on some folks parade here. what are you hearing, charlie? >> you know, yes, it, the

chinese have put trade restrictions which include i.t. and issues that would affect any u.s. company buying tiktok, the popular short video app. never thought, something my niece loves would be a national security concern. she does these dances and, one of her tiktok videos went viral last week but the trump administration believes that tiktok is an existential threat to democracy. they think the chinese are stealing data, using data, using it for surveillance purposes. no evidence that has occurred but now the chinese are weighing in. as i said trump is poised, the trump administration is poised to ban tiktok. the chinese are saying any u.s. company will need china's approval to buy it. you know there is two companies vying for this. unless there is a mystery third bidder. it is oracle and microsoft. i will say this, neil, there was a report earlier, cnbc said it

could come tomorrow and the winner of the bid is now known. we're getting word from the company that is pure speculation. that no one really knows what is going on this thing and who won't as of a few minutes ago we should say. inside of the trump administration there is a debate. i can tell you this, this is what -- on paper microsoft should win, okay? i'm telling you this, there is no company that can do this better than microsoft in terms of their cloud and securing the data if you think the chinese are really stealing data and it needs to be secured and needs to be rewritten. microsoft has not just a slight edge over oracle which is a good company but it has a big edge and i can tell you people inside the white house concede this. the problem with microsoft is that satya nadella, is a technocrat. he is a ceo. not very close to anybody in the

trump administration although microsoft has a very strong lobbying arm although i'm sure they're lobbying right now. microsoft brought in walmart to deal with the political issue. the ceo apparently is close to the president. oracle is run by larry ellison, that gives them a political edge. the two big investors general atlantic, run by a guy bill ford, major silicon valley gop person and see quite yaw partners, one of the top partners. doug loen, another silicon valley gop major figure. it is political might of oracle against the technological prowess of microsoft. my guess, and i'm just guessing here, and, you know, my guess is as good as your guess or anybody's guess is the technical should win, okay? it's just -- makes -- there is a degree of logic went into kamala

harris that led to her being picked as joe biden's vp. there was logic, steve cohen being bidder for the mets for money reasons and a lot more, there is inherent logic microsoft becoming the winner of this thing for a lot of reasons including technical. they have the money. they have a much bigger balance sheet, a cleaner balance sheet. so that is where i think you have to give the edge. nobody knows for sure because politics is a huge part of this. i mean, let's be real clear here. general atlantic run by bill ford, sequoia run at least in part by doug leone, were smart enough to recruit larry ellison who is friends with trump to do this deal. larry ellison does have a cloud business. remember politics here are fascinating and but if you look at it on paper, neil, it has got -- you know, we should throw out logic.

logic doesn't work all the time. logically microsoft should win. back to you. neil: that will be good news for your niece. so that was the real story there, that your niece could be affecting this. so we'll watch it very closely, my friend. always good to see you, charlie gasparino. there are other business reporters on the planet. i have not yet met a better one that fellow. no, not because he is italian-american. all right, because he is italian-american. corner of wall and broad down 223 points. we're southward and we told you about some of the a anomalies here. i'm not saying it is the new dow and not what it is doing. it does not mirror what is on in the market universe. s&p 500 trying to call into record territory. names like apple, amazon, host of others, that is well off to the races right now looking yet another record in the nasdaq 100, a key proxy for technology stocks on fire. after this.

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time. so about an hour from now. he will be in pittsburgh, pennsylvania. there is some talk he might go to wisconsin directly himself. so far the only guy doing that so far is the president going to kenosha. the mayor there, the governor of the state told him not to. that will make things worse. i'm not really quite familiar outside of the fact that pennsylvania is an important state. 20 electoral votes. that alone could explain why joe biden will be talking about all of this from pennsylvania. pittsburgh specifically. let's get the read from our own hillary vaughn what we might expect. hey, hillary. reporter: hey, neil. well the democratic nominee joe biden is playing defense trying to explain that democratic-run u.s. cities, the unrest happening there is not what a democratic-run country would look under his leadership. president trump tweeted this morning. the radical left mayors and governors of cities where this crazy violence is taking place have lost control of their movement. it wasn't supposed to be like

this but anarchists and agitators got carried away, don't listen anymore, even forced slow joe out of the basement. biden is getting out of the house to pittsburgh where he will blame trump for the ongoing unrest in america's cities. part of his remarks say this about trump, he may believe mouthing the words law and order make him strong but his failure to call on his own supporters to stop acting as an armed militia in this country show how how weak he is. does anybody believe there will be less violence in america if donald trump is reelected? president trump says it is not just democratic politicians inability to manage mayhem in their streets that is putting suburban voters in tanker. it is policies that biden senators that could also change what the suburbs look like today. biden says as president he would back a bill from senator cory booker would give taxpayer-funded grants to communities that change their zoning laws to allow multifamily, high-rise housing to be built on smaller lots in neighborhoods where normally

would not be allowed. >> unless our friends in the suburbs have gotten a lot dumber than they used to be they know that, they want to destroy your suburbs. reporter: president trump won 49% of suburban voters in 2016, neil so in 2020, that could be where the election is won or lost for either candidate, neil? neil: all right. hillary, thank you very, very much. another little addendum to the story to follow up what hillary said, it is not only joe biden who is seeking out these battleground states, concerned about maybe polls tightening a little bit, we're hearing jill biden plans to tour schools in the battle ground states as part of a 10 city/state tour will include likes of michigan, north carolina, nevada, arizona, minnesota, pennsylvania, florida. i'm sure i missed one or two there. each one of those, a battle ground state. what are the odds? so we got that, let's get the

read, the latest read on this law and order issue that suddenly has become front and center a big issue in the campaign, hence the big speeches, the big events being planned by both parties, bill mcgurn joins us from "the wall street journal" editorial board member, former bush 43 speechwriter. we have blake rutherford, former clinton finance team member, uncanny democratic strategist, both real brainiacs good to have both of you. blake, i begin with you, end with you, the timing of the former vice president's remarks today. he has gotten criticism for playing too conservatively in his bunker home, whatever, now he is many could h coming out about tightening polls, what do you think? >> not a worry about tightening polls. he has not come out of a bunker. we came off a four-day republican propaganda fest at

the republican convention if we call it that. there is amped rhetoric on the right. there is amped up rhetoric for the president going to kenosha for political purposes in of itself something to respond to especially when state and local leaders don't want him there look, let's be very clear what joe biden has done. joe biden come out very clearly and condemned this violence. he has done it numerous times before yesterday. he did it yesterday. he will do it again today. the violence certainly does need to stop. neil: he didn't do, he didn't do it last week? he didn't do it last week. right now he has 150 days giving fewer than two briefings if you call them that. so this rope-a-dope strategy, there might be great wisdom to it, i think he is getting worried. it looks like he is getting worried. is he? >> first and foremost the most important person who has not come out an condemned this violence is the president of the united states.

we are one country despite his belief there are democratic states and democratic cities who should be left on their own and condemned. i think the fact that the president has note done that and joe biden has is stark contrast. we don't need -- neil: i think the president, i'm not carrying anyone's water but i think the president, but i do think the president has condemned the violence. i'm not here to say one or the other. it is what it is but i do want to get, bill, your sense of how big of an issue this is becoming. the president ignoring advice from the kenosha, wisconsin, mayor, the governor of wisconsin, not to come, don't agitate things. i'm getting to the gist of their concerns. politics at play, i get that, how has this issue transformed this race, or has it? >> well look, as you pointed out before, if this is were really president trump's fault, this was a soft line, article for attack we would have heard it at

the convention. it has come out this week because don lemon went on cnn internal focus groups of polls are going the other way. until this, until just the other day, everyone thought joe biden could just keep his head down and not go out, right? the speaker of the house was saying let's not have debates. now all of sudden there is flury of activity. i'm not sure the it's trump's fault line is going to work, is going to persuade people. neil: still he is the president. he is the president. he is the president, right, bill, it is happening under his watch. i think the gist of don lemon's remark was -- >> hold it, neil. neil: do you think, do you think, bill, that the president now, you know, he has got to walk a fine line here, doesn't he? >> i think he has to show support. look, this is the idea that it is the president of the united states fault this violence is going on is absurd.

the local authorities, governors and mayors are abandoning their people. so naturally they object to the president coming in to kenosha because they didn't do the job. what do we think will happen in cities when you want to defund the police, you don't support the police, and you allow this stuff to go on? you have jenny durkan in seattle talking about summer of love. ted wheeler joining the protesters. bill de blasio painting black lives matter out in front of donald trump's home. it is just ridiculous. again what do we think would happen? as for abandoning these cities, quite the contrary, president trump has offered them assistance. some of them declined to take it. but you can't say that he is abandoned it. and i think there was an opportunity for joe biden here, particularly after the last night of the convention when people leaving the whitehouse were harassed by protesters. there was a real moment for joe biden to step forward and say, you know what happened to rand paul was absolutely

disgusting. and i don't support it. and it should never happen again. but he doesn't say. he just makes vague condemnations of violence without making it clear that they would do anything about it. that is the problem we have with cities. no mayor wants the violence. neil: safe to say, guys, i know you come from different views on this subject, but is it safe to say law and order issue, blake, is going to be a front and center issue in this campaign right now? >> it is an issue of course because you do have, you do have considerable problems that have been meriting addressed since before the tragic events of ken nobodysa the entire black lives matter movement, the killing of unarmed black men and women, not just jacob blake but briana taylor and george floyd and others in this country, there has been a rallying cry, in many cases a peaceful

rallying cry for reform. talking about reform is not talk about law and order. joe biden is very clear he is not for defunding the police despite the propaganda during the republican national convention but it doesn't mean that we shouldn't look at police reforms. every presidential administration save for donald trump has looked at those types of reforms. that does not mean you're anti-law and order. it means we are modernizing, we're incorporating new techniques, technology. neil: you know that might be the case but confusing a lot of people, confusing a lot of people on the right and left. >> not confusing -- neil: it is scaring the hell out of them. >> it is not confusing when joe biden says i'm not for defunding the police. then the republicans turn around and say joe biden is for defunding the police. there aren't two facts. neil: the one issue he rarely says anything at all. that is the big issue. rarely talks about it. he has this week. he didn't at the democratic

convention. i think both sides are acknowledging now, hey, look, joe welcome, this is big issue now. whether we like it or not it is front and center now. we'll see what happens, gentlemen. see how it sorts out. we'll hear from the former vice president an hour from now in pittsburgh outlying his response. this issue that was nowhere in the top 10 of issues as this election year started, in and out of being the most riveting for voters. we'll have more after this. we made usaa insurance for veterans like liz and mike. an army family who is always at the ready. so when they got a little surprise... two!? ...they didn't panic. they got a bigger car for their soon-to-be-bigger family. after shopping around for insurance, they called usaa - who helped find the right coverage for them and even some much-needed savings. that was the easy part. usaa insurance is made the way liz and mike need it- easy.

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♪. neil: you know always happens when we get a big round number. it gets attention. 25 million. that number is getting attention, the number of coronavirus cases worldwide. right now the latest read from amy kellogg where this goes, how various countries are responding. hey, amy? >> one of the things countries

are dealing with, neil, how to keep cities from dying, not just toe keep pop populations safe, t return vibrancy to cities as we continue to fight the pandemic. london has been quite buzzing in the last few weeks because after scheme called eat out to help out. the government has actually given diners a 50% discount on meals out to get people back into restaurants and keep those jobs in the entertainment sector alive and well. they spent $646 million on it. it is considered a success but it ends today. it is a mixed bag, because the uk had highest daily toll of new cases in 12 weeks. one step forward, one step back. of course britain is getting ready to go back to school. the french are going back to school tomorrow. all sorts of measures being put in place. there is concern maybe france is

not really ready to return to class. they have been having a few thousand new cases every day. some doctors published an appeal today, saying government measures in schools may not be strict enough. they want students as young as six wearing masks. there should be more after balance between online and classroom learning to stagger the numbers of kids clustered together. russia is also getting itself ready to go back to school with policies like, mandatory breaks so that classrooms can be ventilated. there will be masks and jells at entrances to many schools and temperatures checked upon arrival. now in germany over the weekend tens of thousands of people took to the streets in berlin to protest coronavirus restrictions in that country. the protests were mostly peaceful until some tried to actually storm the parliament building. hundreds were arrested, the use

of reich flags, blatant knaus u nazi symbols were band. it was criticized. it had a far right element to it, roundly criticized abusing the freedom to demonstrate by some in the german government. germany, neil, as we know, has had a pretty good success rate dealing with coronavirus. there have been fewer restrictions in that country than in many other countries. their numbers are starting to go back up. a lot of numbers in europe are starting to go back up. the curves are not shooting up. there is a lot of caution how the autumn will be. 25 million cases, 846,000 deaths worldwide from covid, neil. neil: amy, thank you very, very much. sort of putting that in perspective here, we have six million cases in the united states as of today. 185 or close to 185,000 deaths. a lot of the spikes in cases you've been hearing are really pegged to when schools reopen.

then there is a flood of kids who come back, goes all the way up to the college level. the case count of moves up, university of alabama is a very good case of that. a couple hundred students were testing positive for the virus, then it spread like wildfire. better than 1200 right now. the university of alabama is weighing how to juggle in person versus virtual classes. separately we're hearing cuny part of the state university school system in new york, just passed a surge in cases eclipsing more than 200 kids there that is pushing back in-person activity for at least another couple weeks. notre dame did resume classes. purdue did resume classes and the university of albany, right now, separate from that, has 1200 cases in new york. but that particular university not pushing things back at all. in auburn, the big football powerhouse, 16 of the athletes

there testing positive for the covid-19 virus. i only mention various examples, once we get reports of a spike it leads to university administrators, school presidents, the rest to rethink the timing of in-person classes. leslie rutledge is the attorney general of the state of arkansas. they're seeing up close what happened in the northwest part of the state. the attorney general looking at that very closely, joins us right now. thank you for joining us. what is going on? new, neil. neil: how do you guys plan to shuffle the school year, adjust it, what? >> well last week was the first week where we had elementary, high school, junior high school students back in the classroom. we had a successful week. i had opportunity to tour local schools in the cabot district in central arkansas where with regard to plexiglass, student personnel spaced out and what

they're doing to protect students, teachers, all personnel, going into the very challenging time, challenging school year. we know students need to be back in the classrooms. it is whole health. not just coronavirus. some of these students are at risk for child abuse, malnutrition at home. so being in a classroom not only helps them to learn, it helps to keep them safe. so our school administrators here in arkansas are doing everything they can. my chief of staff is on the school board at perryville school district in central arkansas and we discussed many times about the challenges schools are facing, whether a large school, a small school, making sure they have -- neil: what do you do? what do you do? with the spikes in cases, attorney general what could you do? mix more virtual classes in the meantime? what are you going to do? okay. i left her speechless. sorry for that. we have had problems with some of these feeds now and then. i will blame everyone but me. can't be my fault.

neil: lot more coming up here, we're following developments on the politics front. we're never too far from that, right? big speeches today on the part of the former vice president joe biden addressing violence in american cities today. in pittsburgh, tomorrow of course the president himself will be going to kenosha, wisconsin. that issue alive and well for the time-being right now. a front burner issue at that. also tracking cases. when you hear these cases, separate stat we look at is the number of positive cases or worrisome cases that progress to be hospitalization cases or god forbid to be death cases. those numbers, those specific numbers are going down. want to put that in perspective. we hit you with a lot of data. that is what we do. i think sometimes we confuse you. more after this. from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share.

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♪. neil: all right.

the big city mayors dealing with all this violence and how to address budget issues front and center as chicago's mayor unveils her budget forecast there. a lot of these expenses are coming up. grady trimble looking at all of that. hey, grady. reporter: neil, well the violence of late as well as the coronavirus could make a bleak financial situation even bleaker for the city. once again there were protests here on the magnificent mile over the weekend. there was no looting but the people who protested had a foal goal of shutting down the mag mile. in some ways they were able to do that. several businesses in the iconic shopping strip closed early. the police had to keep protesters from going to the middle of the michigan avenue. the superintendent of police, talked about the challenges that his department is facing with the high number of protests and amount of looting we've seen lately in the city. listen. >> we are prepared and we are

not letting our guard down regardless of whether a protest proceeds peacefully on saturday or not. that we'll continue to do everything we can. reporter: the unrest and violence lately has led some businesses in and some people to consider leaving the city. that would make things even more challenging for this city whose finances are not great right now. the mayor expected to announce a one billion dollar budget shortfall when she announces her budget forecast for 2021. she had said because of the coronavirus that nothing is off the table, neil. that could include increasing property taxes which so far as mayor she has been able to avoid neil: all right. grady thank you very much. grady trimble. we talk about what governors, mayors, do to recoup the costs and driven budgets into the red, surtax on the wealthy, hike the corporate tax in that state but

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♪. neil: all right. last trading day of the month of august. can you believe it? tomorrow is september. i had no idea that the s&p was going to be hitting so many records, even with the fall-off it experienced today. it would have to have a complete melt-down to not do better than it has since the days ronald reagan was president. it is on track for certainly the best monthly performance since at least 1986. could go back to 1984. nasdaq on track for its best month sense august of 2000. that was right before things kind of petered out. that is neither here or there. i want to get the read from a

energy consultant, much, much more, looks at all these interwoven factors. i'm looking at this, and i'm thinking, oil prices collapsed this month, the demand is way, way down and obviously that was seen as among one of the chief good things going on for average americans. that their expenses under everyday staples, they're going down, energy was a big factor in that. what are your thoughts? >> so first of all, thank you for having me, neil. i cannot comment on broader market trends or specific asset classes and how they perform because every individual has a different risk tolerance and financial goals. that said, what i can say is that any kind of asset class movement or price is a reflection of the company, shareholders, stakeholders, investors confidence levels. everything is energy and

well-documented, in a famous economist robert schiller's book, animal spirits. what we're observing is the consumers, initial wow, i have cannot believe we rallied so far this year. is this too good to be true? we'll observe with some mixed signals and various asset classes. now consumers are having mixed emotions about the markets move we've been seeing this year. neil: you guide a lot of some of the biggest names in wall street, not necessarily looking at technicals as much as you're a tarot card reader. a lot of people scoff that off. they also rely on a pretty favorable record having done this. what do the cards tell you right now looking forward? >> once again it really varies by what we're looking at, and also depends on the energy of the individual and specifically what their financial goals are.

what i can say from the collective people will feel more and more confuse and and anxious because there are various macroeconomic factors that have yet to be determined. it will really come down to individual level confidence on how they prepare for that, how they prepare their own financial risk appetite or strategies as a response to potential scenarios that can play out and depending on that that will show up differently in the tarot cards and the -- neil: i want to get back to look at the cards to what they're saying this is a unique way they're looking past all the data numbers and what maybe some other things that are beyond our comprehension. heyjune, i would love to have you back. dow down 209 points. stay with us. you're watching fox business. ♪

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neil: all right. looking live right now at the white house or you will be very shortly. we are waiting for kayleigh mcenany, the white house press spokesman. this on the same day the administration is likely to respond to the planned speech about a half hour from now from joe biden to address the nation's violence. he will be speaking in pittsburgh, pennsylvania. as you know, the president is slated to speak in kenosha,

wisconsin come tomorrow even though the mayor in that city, the governor of that state of wisconsin have urged him not to come. we will be monitoring that for any news. edward lawrence with the latest from washington. edward? reporter: joe biden in his speech in about 30 minutes in pittsburgh will tell voters there that it's actually president donald trump's fault for all the violence we have seen across the country. the white house press secretary kayleigh mcenany saying that's simply not true and pointing to the harassment that happened last week from people leaving the rnc convention. listen. >> a lot of these efforts are organized. when you look across the country by antifa and other anarchists it's unacceptable. i heard dan on your program earlier, the things being shouted at his wife, it's disgusting. for those who are saying this is all peace across the country which is what the democrats have been telling us for the last 90 days, that's just simply not the case. reporter: she was on "fox & friends" this morning and says this will not deter the president who is going to kenosha, wisconsin tomorrow to

talk to police, small business owners and trying to connect with the family of jacob blake. president trump meets with attorney general william barr at about 3:00 today to talk about the violence in kenosha and the shooting. his administration has expanded federal task force across the country to cut down on some of the extra violence going on. he also says he wants to get americans another round of direct stimulus checks. expanded unemployment insurance, give small businesses another run at the payroll protection program and money for schools to reopen in person learning, but no movement from the house speaker, nancy pelosi, on that front for a deal. chief of staff mark meadows says the president would sign a $1.3 trillion bill but adds the house speaker does not want to provide economic stimulus, only a bailout to badly run democratic states. last week, the house speaker said they are willing to compromise, coming down from $3.5 trillion to $2.2 trillion. because of the impasse, the president signed the executive order diverting money from fema for unemployment benefits.

now, 41 states have now applied for those benefits. of those, arizona, louisiana, missouri, montana, which is going for the full $400 extra, texas and tennessee started sending those extra benefits. for others, the state systems are trying to integrate this extra help. people at the white house are frustrated because they are having to deal with the american people being caught in the middle of this impasse as well as the economic recovery, stuck in the middle of this. back to you. neil: edward lawrence, thank you very much. with us now is congressman jim banks, republican from indiana. he has a novel solution for dealing with some of the rioters that were causing problems. how about you just lose unemployment and other related benefits if you are found guilty of that. he joins us now. congressman, what reaction have you gotten? >> the reaction has been overwhelming. there has been several videos that came out thursday night of people who wereaccosted or

assaulted when they left the white house. one famous video of rand paul. there is also a video of an older couple, they have never been identified but i happen to know them, they are constituents of mine, when they left the white house, antifa thug jumped up in the face of this poor woman and flipped her off with both his middle fingers. where i come from, that man would be arrested and be behind bars today for assault. unfortunately, in big cities like washington, d.c., largely they have turned a blind eye to these incidents. but my bill to protect peaceful protest act, would take away the enhanced unemployment benefits of anyone who has been arrested and convicted of a crime as part of these protests. enough is nuenough. constituents and people all over america are begging political leaders to do something about it. neil: they would have to have been convicted of a crime before you could lower the hammer on their unemployment benefits, right? the federal unemployment benefits. in other words, the extra benefits that go beyond the state ones that are sort of in limbo right now. >> that's right.

i wish i could go beyond that but the way the bill is written is related to those enhanced benefits. that's a good start. i also, as part of the bill, would require any of these protesters who hold up traffic or cause a lot of additional taxpayer dollars to go toward law enforcement purposes as part of these incidents, they should be on the hook to pay for that instead of hard-working taxpayers in my district. neil: they would have to be convicted of that crime, they might be waiting, because many many cause and agitate things but they go away scot-free. how do you deal with that? >> yeah. i hope my bill will serve as a deterrent and just the same way as the president's executive order, if you heard his great speech on thursday night at the white house, he talked about what happened when he instituted the ten-year prison sentence against anyone who tears down a statue in washington, d.c. and all of a sudden those incidents stopped occurring when he instituted that penalty. i hope my bill would serve as the same type of deterrent. i'm sure the president's already thinking about this, but the

president could sign an executive order that would do exactly what i'm calling for since his last executive order extended the enhanced unemployment benefits, an executive order for the president could institute the same type of deterrent and penalty in that way because you and i probably would agree it's unlikely speaker pelosi will allow my bill to move forward. neil: i was thinking that. you read my mind. congressman jim banks, thank you very much. we are waiting this white house briefing on how they might respond to developments, including initiatives such as yours. a.b. stoddard, real clear politics associate editor. a.b., the president is going to kenosha tomorrow even though the mayor there, the governor of wisconsin don't want him to, but he is going there. obviously, overnight another survey seemed to show this issue, the law and order issue, is resonating. what do you think? >> well, neil, it's always great to be with you. thank you for having me. i don't think we know yet what the reaction is going to be to joe biden's remarks or the

president's visit to kenosha. i do not think it is smart for leaders in those states to tell the president not to come. i think that's a mistake. i think it's a mistake for democrats to deny [ inaudible ] both deaths both in oregon and wisconsin and also the videos we saw [ inaudible ] thursday night. i think they need to understand this is as big an issue in the election as the economy and the deadly pandemic. i don't know what is going to rise to the top and be the most decisive issue for either joe biden or donald trump but i do think joe biden knows they are listening to the convention last week, speaker after speaker said he would defund the police. he will have to address this issue over and over again. his statement yesterday condemned the violence. i really hope the president

condemns the violence and calls for calm. but there are organized efforts to foment violence on the far left and the far right. i think [ inaudible ] tell people to get out of the streets. it's something that despite the polling, i don't really know we have a handle on just how it's playing for biden or trump. neil: you know, democrats have countered, the ones i have talked to over the last few days, over the weekend, have been saying well look, mr. president, you're president, it's happening under your watch. what are you doing about it. so that it could cut both ways. what do you think of that? >> well, i think it's the case that the president is losing voters in his coalition, neil, not because he has sowed violence but he has stoked division. he has a long record on this. he stokes division, then that

tends to lead to more violence so we saw the reaction to the lafayette square stunt on june 1st. the polling to his response was bad for the president. so i think that while it is true that this has been going on in the streets of portland for 90 days, a lot of democratic areas are rejecting the presence of the national guard, i think the president is losing people due to his response to the pandemic and is losing suburban white women because he's stoking division and not uniting americans but saying to blue states and older americans you're on your own, i take care of my own, i take care of my voters who agree with me, but i'm not coming in to unify everybody and calm things down. that's why i'm not certain about how it's going to play. but the violence is real and the scenes we see are real. in the end, both sides are contributing to it to the depths

we saw in the past two weeks. we can't have this in this country. the president has not said one word about it except to say these people are patriots. [ inaudible ] causing more melee with an semiautomatic weapon, that kid needs help. at the same time, we can't have anyo anyone, whether they are 17 or 37, and we are just not hearing that from the president. that's the kind of things, those voters are the bloc of people the convention was designed to get back. they were softening the rough sides of trump. he needs to remember that those people want to hear that he cares about everyone in all of the cities and he wants to bring calm. i think if he doesn't do that, i don't know that it [ inaudibl ] [ inaudible ]. neil: real quickly, i had christopher nixon cox on, the grandson of richard nixon, and

we were going back to 1968, way before he was born, by the way, but he was talking about how the violence then just got this concerned, quiet america upset enough to say enough, already, this is scaring the bejesus out of us, it's got to stop and that really helped his grandfather get elected. in a year he didn't debate his democratic opponent, four years later didn't debate his democratic opponent, obviously elected both times, we know how that presidency ended, that's not my point, but to say the law and order issue was very consequential in that particular year with all the violence and uprisings, protests and while there's certainly big differences with what's going on now versus then, that it is the silent majority that might be watching this to say that history could repeat itself. what do you think of that? >> i do agree with everything that you just said and what mr. cox said and what the assessment is from 1968. i think if this was happening in a vacuum, it would be far more

resonant. it's resonant. people have to understand in the democratic party in the biden campaign, this is very upsetting t to a lot of people and no one is pro-arson, pro-looting and pro-murder at a protest. it doesn't matter what party you're in. but beyond that, if we're not in kenosha or portland, with the coronavirus and the fact our economy is about to endure a whole bunch of layoffs from the airlines, whole bunch of evictions and foreclosures and the possibility of schools that opened, closing. i just sent two freshmen off to college who are stuck in their dorm room hoping they are not going to be in an outbreak and come right back. there's a high school senior in the other room who started her senior year in her bedroom today. it really depends on the voter if the only thing they will focus on when they make this choice is law and order. the backdrop of the pandemic and the economy and what damage to the economy in september and

october, we will have to wait and see whether the streets of kenosha and portland and these other places are going to be more important to people when they cast their vote than the pandemic and the economy. the president is losing people in his coalition for a reason. a poll today was devastating, biden ahead with the troops, ahead by 6. in a poll he was ahead of hillary clinton in october of 2016 by 20 points. that's because of his record as president. people who make their decisions based on a whole bunch of things in his record, about his incompetence, about his response to the pandemic and about their lives and i think the violence in the streets is a very important one but biden has to address it in the right way, has to condemn the violence, but i'm going to wait to see in october if kenosha is more resonant with voters than what we see with the economy as people's lives and the pandemic that is forever changed. neil: it has been. a.b., you and i are kindred

spirits in that regard. i have a son whose start of college is delayed, first in-person classes are delayed because of this very issue. if i hear him say one more day with you and mom, i'm going to go crazy. noi wh i know what you're saying. thank you. best of luck to your kids through all this. a.b. stoddard. >> stay well. neil: you, too. i want to go to matt finn. this is a nationwide issue, this law and order thing, and it caused disruptions certainly in portland where they have seen night after night for 90 plus days, violence in oregon, certainly in portland. the mayor there has already accused the president of fomenting this hate and whathave you. he's there right now. matt finn in portland with some of the i guess tough talk we are hearing out of the mayor, right? reporter: yeah, lots of back-and-forth that's ongoing. right now, portland police are actively investigating a shooting death over the weekend.

they are asking the public for any eyewitness accounts or video which they say can greatly help. this is the intersection where police say a man was shot in the chest and killed saturday night. there are some flowers and a card tied to a tree here. the victim's name has not been formally released. portland police tell us that the victim will be identified once any autopsy is needed and all next of kin are notified. the shooting victim's name has appeared, though, on social media and in local reports as aaron danielson, a reported supporter of the conservative group patriot prayer. the shooting happened after a caravan of president trump's supporters cruised through portland's downtown streets in a planned demonstration on saturday, opposing groups and rioters clashed. that pro-trump supporter group and ultimately the man was shot dead hours after the caravan ended. local reports say there is a shooting suspects being investigated this morning. we will keep you updated throughout the day if police identify the victim or the shooter. oregon's governor and portland's mayor are pointing the finger at

president trump and the patriot prayer group in town this weekend although the person who ended up being the victim appears to be associated with patriot prayer. here is portland's mayor blaming the pro-trump caravan that came to the city. >> when people say they want to come into the city in a caravan supporting their presidential candidate, we cannot tell them no. they have constitutional rights to be here, rights which i embrace and support. the violence, however, is the problem. reporter: here in portland, it was the 94th night of unrest last night. police formally declared yet another unlawful assembly and made 29 arrests because of criminal rioting including people throwing objects at police. portland's mayor is urging anyone that might have plans to come to the city to seek revenge for this weekend's shooting death to stay away. portland's police chief said it's critical that people refrain from conjecture in the weekend shooting because lives are at stake. portland's district attorney has

chosen not to prosecute many of the criminal violent rioters over the past couple months but federal authorities are not being as lenient in portland. 76 people have been hit with federal charges and nationwide, 302 people are facing federal charges related to the ongoing unrest and riots. oregon's governor has once again authorized her state police around oregon to come here to portland to assist officers here, because this police department has been stretched very thin as we get closer to 100 days of unrest in this city. neil? neil: just incredible. thank you, my friend, very very much. matt finn in portland on that. by the way, as matt was wrapping up, we are getting word out of new york mayor bill deblasio that indoor dining won't be returning any time soon to new york city. this on the same day we are getting word out of the garden state, new jersey, just over the hudson river, across from manhattan, that indoor dining will be returning there on friday at 25% capacity. but the mayor seemed to be

hinting it won't return at least in the big apple until there's a virus vaccine. that seems a little -- kind of backwards there but anyway, he's saying i will absolutely tell you we are going to keep looking for the situation where we can push down the virus enough where we would have more ability to address indoor dining, restaurants in the area are saying mayor, the infection rate is way way down, right now it's the lowest in america, and we are hanging on a thread. he seems to be saying you're going to keep hanging. more after this.

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neil: all right. we are just getting word right now that the white house briefing with kayleigh mcenany has just wrapped up but we are understanding that the president himself will address the nation later today, have a briefing. we just don't know the time of it. in the course of those remarks, the white house spokesperson said the president will go to cities where americans are hurting obviously in response to mayors and governors saying don't come here to kenosha, wisconsin. we also separately understand the president is not scheduled to meet with jacob blake's family. we are monitoring all these developments, about ten minutes away from former vice president joe biden, the democratic nominee, about to address folks

on the same issue of law and order, but from pittsburgh, pennsylvania. we will keep you posted on that. in the meantime, keeping you posted on other developments, including the back-and-forth on whether college kids can resume in-person classes or even get a chance to start that. in the meantime, a lot of them are trying some novel ways to pay their bills or at least want smaller bills because in the case of those having virtual classes, they want the universities to cut them some slack. kind of a convoluted issue here but front and center, gerri willis following all of that. hey, gerri. gerri: hey, neil. that's right. college students are facing a really weak job market, so what they're doing is getting more creative than ever and finding new ways of making money. studies show one-third of students lost their job because of the pandemic. tamara is one student who tapped her creativity to pay the bills. the sophomore at texas a & m has

started a custom clothing business which she runs from her apartment near campus. listen. >> i have to pay rent and have a light bill and i have to also juggle debt and school as far as books and access codes and all this other stuff that college requires, so i knew i needed money and i knew i needed it fast so i just found a way to get money. gerri: so her cousin lent her the money to start the venture and in july, she bought a machine to cut cloth and a heat press. she also takes orders from students in over 30 universities, most of her business done over instagram where she sells sweatshirts, tee shirts hoodies and masks. she's made about $2,000. listen. >> so it started off for financial reasons but now it's truly something that makes me happy. i enjoy seeing everyone when they get their stuff and they

take videos and they tag me on instagram and twitter. gerri: so among the things these college students are doing to make money, they try just about everything door-to-door sales, customer research. one guy is selling homemade ramen, believe it or not, to different stores. another lady does tarot card readings. we are hearing these students are really a new wave of entrepreneur because where other people see problems, they see chaos, these young people see opportunity. neil? neil: our future leaders. thank you very very much. gerri willis. want to go to william lajeunesse. william has been keeping track of all these cities and municipalities looking at reforming their police departments. some say that's a kind way of defunding police departments. they don't look at it that way. anyway, william lajeunesse keeping track of them, joins us out of los angeles. hey, william. reporter: three months after the death of george floyd, some

states have adopted police reforms, restricting use of force, training, oversight. others have not. historically changes come not from the white house, but the state house, where protesters may have a louder voice but police unions have more clout. according to the national council of state legislatures, here's the graphic and score card. 36 states introduced 571 bills. just 49 have passed. notable, colorado, piercing the veil of qualified immunity where officers must pay 25 grand if they use excessive force. red state iowa, bans bad cops from being rehired and mandates annual deescalation training. utah, oregon, minnesota have approved bills restricting chokeholds but in georgia, law makers killed 19 of 21 bills. now, finally, illinois, california, ohio and massachusetts, dozens of bills there remain stuck in committee. >> we have seen use of force,

specifically chokeholds, deescalation training and new standards, we have also seen states directing legal duties and liability including duty to intervene and duty to report. reporter: the common thread where bills passed, police had a seat at the table. where they failed, bureaucracy and short calendars due to covid. even in deep blue states where you would assume liberal law makers could run the table, police opposition has limited the forums. >> the fact we are even having a conversation today is something that would not probably have happened a couple years ago. reporter: bottom line is some of these law makers are still in session so we don't have a complete thing and also in 2021, you would expect to see some of these issues come back. back to you. neil: thank you very much, william lajeunesse on all of that. still keeping track of closures and the rest at universities, colleges, school systems that will open or not reopen, that will have staggered schedules,

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neil: all right. taking you to pittsburgh, pennsylvania right now. you are looking live at the setup here, the former vice president of the united states, joe biden, will deliver remarks there about all the violence we have been seeing across the country. he's planning to rip the president for not doing enough to bring the country together. the president for his part is doing a couple of things today, addressing the nation later on, a briefing, we don't know the exact time, but tomorrow, going to kenosha, wisconsin, a trip that the mayor there and the governor there have said isn't a good idea. nevertheless, he is going. we will keep you posted on those developments and what we hear out of joe biden on this issue that's coming up momentarily. in the meantime, focusing on other things like the virus, still an issue, still topical, 25 million cases, still a problem worldwide. six million plus cases in the

united states, close to 185,000 deaths. dr. fauci, though, indicating that among other things, it is possible the virus, things we will be talking about on the virus, maybe november, who knows. eric shawn following all of that. >> you know, a vaccine for this virus may be coming a lot faster than we thought. that's because the fda says it is willing to green-light drug companies to let them develop a vaccine without completing a key clinical trial. you know, it usually takes years to develop a vaccine successfully, to make sure that it works, but fda commissioner stephen hahn this weekend said the agency is willing to let drug makers not finish what's known as phase 3 clinical trials. that's studies where vaccines are tested to see if they are better than the standard treatment. officials say they will only do that if they determine the benefits outweigh the risks. he told the "financial times"

quote, it's up to the sfon sore, vaccine developer who apply for approval. they do that before the end of phase 3, we may find that appropriate. we may find that inappropriate. we will make a determination. hahn's comments come as it can't be fast enough to get a vaccine. coronavirus has exploded across college campuses across the nation. university of alabama says nearly 1,400 students have tested positive. that just two weeks after classes started there. temple university in philadelphia, they have stopped in-person classes after the cases there doubled. the school is telling students don't socialize. can you imagine telling that to college students? at the university of north carolina chapel hill, they sent students home after outbreaks came from frat and dorm parties. they have more than 1,000 cases so far. all this as the centers for disease control confirms that most people, 94% of more than 180,000 in the u.s. who have

died from the virus, they had underlying conditions. the cdc says only 6% of covid deaths were only from the virus itself. just about 9683 people. yet another pro sport today is starting and getting under way without any fans in the stands. the u.s. open opens, tennis pros will be batting that tennis ball back and forth across the net with nobody cheering except us folks at home watching it on television. neil? neil: such a weird world. i'm stating the obvious. thank you very much, my friend. eric shawn following all of that. reaction right now from the professor at texas tech university health sciences center, much much more. doctor, always good to have you back and help us through all of this. what do you make right now of these findings that 93%, 94% of the fatalities we have seen of

the cases that have gotten as extreme as we have seen are older folks? i would imagine a majority, but that's a lot. >> that is a lot. you know, i would say the main message for that from what i'm seeing with patients in the emergency room is even if you are younger and you don't have comorbidities, you don't want to get this. it's still pretty miserable. there are people reporting symptoms that last weeks and it's basically numbers, right. if you look, we have 330-ish million people in the united states and if this runs through and we say hey, only, you know, how many people are affected, elderly people are affected, we start letting our guard down. for this to get behind us and get herd immunity, the mathematical models are saying

about 65% of people need to be infected. so let's do the math. 330 million in the united states, to reach that 65%, we are talking 200 million people infected. if the mortality is around 1%, which is kind of what we are seeing, that's two million people who will die from this and many of those won't be people with comorbidities. i think we still have to keep our guard up and basically find the best of both worlds and keep those precautions so that we can kind of limit the infection yet go on with our lives the best we can. neil: you know, doctor, i know these are staggeringly simplistic questions i ask you, this thing is so contagious. hundreds gather at a campground in new jersey, hundreds get the virus. a couple dozen kids at university of alabama contract the virus, it's now over 1200

there as we speak. what is it about this that unlike at least others in the past, this thing, people get together, boom, it doesn't matter whether they are at a bar, off campus or any of that. that obviously heightens the risk but it just seems people gather, disease cases spike. >> right. that's the characteristic of the virus, actually. in 2007, actually, in hong kong, there was a bird flu, h5n 1, and the mortality from that, imagine hong kong, people close to these bird cages are getting it, the mortality from that was like 60% some from reports. so thankfully, that one was not person-to-person. that just kind of fizzled out. this one, thank god, is not that high of a mortality but it's a lot higher than the flu and the characteristics of this virus is it does spread more person-to-person.

you can look up a number called r0 and it's mathematically put how much the spread is. they think this is 4 which means each person will spread it to about 4 people and they spread it to 4 and they spread it to 4. there are other viruses like measles that are a lot higher. you walk into a room with someone with measles, three hours ago was in that room, chances are you will get it. you got to work with what we have as far as the trans mimiss of this and what we can do. the power is with us, like following the rules, not letting our guard down quite yet but trying to go on with our lives. neil: we are still going to be dealing with this a year from now, aren't we? >> i think so. if you look at how these pandemics end, there's one of a few ways. you look at like bubonic plague

and sars, even in 2003 which was a coronavirus, it kind of fizzled out. it went away. we don't quite know why on those. other pandemics like smallpox, there's a vaccine, we eradicated smallpox. hiv, we are 35 years in and we still don't have a vaccine but we have defeated it with medications. now you die often with hiv instead of dying from hiv. then 1918 flu, we basically said hey, we got to go on with our lives, the flu still exists, and we got a grip on it that way. i suspect this is going to be a combination of fizzling out a little bit, becoming -- we are seeing the mortality decrease a bit along with a vaccine. we can hit that magic 65% herd immunity number, it's around there we think, and hopefully get this under control. neil: you are so good at putting

this in perspective. i very much appreciate that. thank you very very much. very good seeing you again. be safe, be well yourself. we will go to joe biden right now. he is addressing a pittsburgh audience on crime. >> and the american people deserve to have it straight from the shoulder, straight from the shoulder. the job of a president is to tell it straight from the shoulder, tell the truth, to be candid, to face facts, to lead, not to incite. that's why i'm speaking to you today. the incumbent president is incapable of telling us the truth. incapable of facing the facts and incapable of healing. he doesn't want to shed light, he wants to generate heat and he's stoking violence in our cities. you know, this is a tragic fact of the matter that about his perilous hour, how he's dealing with this perilous hour in our nation, and now we have to stand against violence in every form

it takes. violence, we have seen again and again and again, of unwarranted police shooting, excessive force. seven bullets in the back of jacob blake. knee in the neck of george floyd. killing of brionna taylor in her own apartment. violence and extremists and opportunists, right wing militi militias. neil: all right. we are having some problems with that feed from the vice president. we will keep monitoring this. you want to go to a quick break here? we will see if everything is fixed? all right. we'll be right back after this. >> i want to make it absolutely clear. i want to be clear about all of this. rioting is not protesting. looting is not protesting. setting fires is not protesting. none of this is protesting. it's lawlessness. plain and simple. and those who do it should be

prosecuted. violence will not bring change. it will only bring destruction. it's wrong in every way. it divides instead of unites. destroys businesses, only hurts the working families that serve the community. it makes things worse across the board, not better. you know, it's not what dr. king or john lewis taught and it must end. fires are burning and we have a president who fans the flames rather than fighting the flames. but we must not burn. we have to build. this president long ago forfeited any moral leadership in this country. he can't stop the violence because for years, he's fomented it. you know, he made believe mouthing the words "law and order" makes him strong, but his failure to call on his own supporters to stop acting as an armed militia in this country shows how weak he is.

does anyone believe there will be less violence in america if donald trump is re-elected? we need justice in america. we need safety in america. we are facing multiple crises. crises that under donald trump have kept multiplying. covid. economic devastation. unwarranted police violence. emboldened white nationalists. a reckoning on race, declining faith and the birth of the right american future. there's no reason why we can't just do so much more than we're doing. the common thread, the incumbent president who makes things worse, not better, an incumbent president who sows chaos rather than providing order. an incumbent president who fails in the basic duty of the job, which is to advance the truth that all of us know, that we are all born with the right to life, liberty and pursuit of

happiness. that's right. all of us. the moms and dads in scranton where i grew up who have worked and scraped for everything they have ever gotten in life, the auto worker in michigan who still makes the best automobile in the world, the single mom in ohio working three jobs just to stay afloat, who will do anything for her child. retired veteran in florida who gave everything he had to this country and now just wants us to honor the promises made to him. lord & taylor salesperson who just lost their job. a store closing after 194 years in business. nurses and doctors in wisconsin who have seen so much sickness, so much death, in the past six months. they wonder how much more, how much more can they take. but still, they muster up the courage to take care of those patients in this pandemic while

risking their own lives. researchers in minnesota who woke up this morning determined to find a breakthrough in treating cancer and will do the same thing tomorrow and the day after and the day after, because she'll never give up. white, black, latino, asian american, native americans, everybody, i'm in this campaign for you, no matter your color, no matter your zip code, no matter your politics. when i think of the presidency, i don't think about myself. it isn't about my brand. it's about you, the american people. we can do better and we have to do better. i promise you this. we will do better. you know, the road back begins now in this campaign. you know me. you know my heart, you know my story, my family's story. ask yourself, do i look like a radical socialist with a soft spot for rioters?

really? i want a safe america, safe from covid, safe from crime and looting, safe from racially motivated violence, safe from bad cops. let me be crystal clear. safe from four more years of donald trump. i look at this violence and i see lives and communities and the dreams of small businesses being destroyed, and the opportunity for real progress on the issues of race and police reform and justice being put to the test. donald trump looks at this violence and he sees a political lifeline. having failed to protect this nation from the virus, that has killed more than 180,000 americans so far, trump posts an all-caps tweet screaming law and order to save his campaign. one of his closest political

advisers in the white house doesn't even bother to speak in code. she just comes out and she says it. quote, the more chaos, violence, the better it is for trump's re-election. just think about that. this is a sitting president of the united states of america. he's supposed to be protecting this country but instead, he's rooting for chaos and violence. the simple truth is, donald trump failed to protect america so now he's trying to scare america. since donald trump and mike pence can't run on their record, that has seen more american deaths through a virus, this virus, than the nation suffered in every war since korea combin combined, since they can't run on their economy, that has seen more people lose their jobs than any time since the great depression, since they can't run

on the simple proposition of sending our children safely back to school, since they have no agenda or vision for a second term, trump and pence are running on this and i find it fascinating. quote, you won't be safe in joe biden's america and what's their proof? the violence we're seeing in donald trump's america. these are not images of some imagined joe biden america in the future. these are images of donald trump's america today. he keeps telling you if only he was president, it wouldn't happen. if he was president, he keeps telling us if he was president, you would feel safe. well, he is president, whether he knows it or not, and it is happening. it's getting worse, and you know why. because donald trump adds fuel to every fire. because he refuses to even acknowledge that there's a racial justice problem in

america. because he won't stand up to any form of violence. he's got no problem with right wing militia, white supremacists and vigilantes with assault weapons, often better armed than the police, often in the middle of the violence at the protesters and aiming there, and because tens of millions of americans simply don't trust this president to respect their rights to hear their concerns or to protect them. doesn't have to be this way. when president obama and i were in the white house, we had to defend federal property. we did it, we didn't see -- you didn't see us whipping up fears around the deployment of secret federal troops. we just did our job. the federal property was protected. when president obama and i were in office, we didn't look at cities as democratic or republican-run. these are american cities.

trump doesn't see himself as president for all of america. frankly, i believe if i were president today, the country would be safer and we would be seeing a lot less violence and here's why. i have said we must address the issue of racial injustice. i personally have spoken to george floyd's family and to jacob blake's family. i know their pain and so do you. i know the justice they seek and so do you. they have told us none of this violence respects or honors george or jacob. i believe we can bring these folks fighting for racial justice to the table. i have worked with police in this country for many years. i know most cops are good, decent people. i know how they risk their lives every time they put that shield on and go out the door. i'm confident i can bring the police to the table as well.

i would make sure every mayor and governor had the support they needed from the federal government, but i wouldn't be looking to use the united states military against our own people. if i were president, my language would be less divisive. i would be looking to lower the temperature in this country, not raise it. i would be looking to unite the nati nation. but look, donald trump wants to ask the question who will keep you safer as president. let's answer that question. first, some simple facts. when i was vice president, violent crime fell 15% in this country. we did it without chaos and disorder and yes, we did it with democratic mayors in most of the major cities in this country. the murder rate now is up 26% across the nation this year under donald trump. do you really feel safer under

donald trump? covid has taken this year, just since the outbreak, has taken more than 100 years -- look, the lives, i mean, think about it, more lives this year than any other year for the past hundred years. more than 180,000 lives in just six months. an average of 1,000 people dying every day in the month of august. do you really feel safer under donald trump? mr. trump, you want to talk about fear? you know what people are afraid of in america? they are afraid they're going to get covid. they're afraid they're going to get sick and die. that is in no small part because of you. we're now on track to more than 200,000 deaths in this country due to covid. more than 100,000 seniors have lost their lives to the virus.

more cops have died from covid this year than have been killed on patrol. nearly one in six small businesses closed in this country today. do you really feel safer under trump? what about trump's plan to destroy the affordable care act? and with it, the protections for pre-existing conditions? it impacts more than 100 million americans. does that make you feel safer? or how about trump's plan to defund social security? social security administration's chief actuary just released a report saying that if a plan like the one trump is proposing goes into effect, the social security trust fund would be, i quote, permanently depleted by the middle of calendar year 2023 with no ability to pay benefits

thereafter. put it plainly, trump's plan would wipe out social security, period. you feel safer and more secure now? the fear that reigns under this president doesn't stop at our shores. the kremlin has put bounties on the heads of american soldiers and instead of telling vladimir putin that there will be no putting up with this, that there will be a heavy price to pay, they dare touch an american soldier, this president doesn't even bring up the subject in his multiple phone calls with putin. the report is russian forces just attacked american troops in syria, injuring our service members. did you hear the president say a single word? did he lift one finger? never before has an american president played such a subservient role to a russian leader.

it's not only dangerous, it's humiliating and embarrassing for the rest of the world to see. it weakens us. not even american troops can feel safer under trump. donald trump's role as a bystander in his own presidency extends to the economic plan and pain, the plan he doesn't have and the pain being felt by millions of americans. he said this week, and i quote, you better vote for me or you're going to have the greatest depression you've ever seen. does he not understand and see the tens of millions of people who have had to file for unemployment this year so far? people who won't be able to make next month's rent payment? the people president obama and i stopped a

depression in 2009. we took a bad economy that was falling and turned it around. trump took a good economy and drove it back into the ditch through his failure failed to get covid under control, failure to pull together leaders in congress, his failure to deliver real relief to working people has made our country's economic situation so much worse, so much worse than it had to be. we talk about safety and security we should talk about basic security of being able to look your child in the eye and tell them everything is going to be okay. don't worry, honey, we're not going to lose our home. we'll be able to put food on the table. it is going to be okay. it is the job of a president. i have laid out an agenda for economic recovery that will restore a sense of security for working families. we won't just build things back

the way they were before. we'll build them back better, with good-paying jobs, building our nation's roads, bridges, solar arrays, wind mills. with investments in our health care and child care workers so they get the pay and dignity they deserve while easing the financial burdens on millions of families. with the clean energy strategy, there is a place for the energy workers right here in western pennsylvania. i am not banning fracking. let me say that again. i am not banning fracking, no matter how many times donald trump lies about me. this future, the future, that is what this is all about. you know we hear donald trump self-centered rants and riffs but the voice of americans should be heard, the one you should listen to is julia jackson, the mother of jacob

blake. hers is a voice of courage, character and wisdom. you looking at the damage that has been done in her city, she said quote, the violence and destruction doesn't reflect my son or my family. these are the words after mom, a mother, whose son had just been shot several times in front of his children, badly injured, paralyzed, perhaps permanently. she seeks justice for her son she is pleading for an end to the violence and for this nation to heal. she said she was praying for her son. then she said something to me that surprised me, she said she was praying for all police officers. she said she was already been praying for america even before her son was shot. she publicly asked all of us to

examine our hearts, citizens, elected officials, the police, all of us, and then she said this, quote, we need healing more than anything. that is what we need to do as a nation. we need to heal. our current president wants to you live in fear. advertises himself as a figure of order. he isn't and he is not -- >> good afternoon, i'm charles payne, this is "making money." breaking at this moment joe biden is delivering remarks in pittsburgh as carrage on streets of america taking center stage. we'll monitor it. bring you any headlines he makes. we'll bring you reaction on the economic destruction. stocks in historic day still under pressure. this is the best august for the s&p in three decades. dow yielding