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tv   After the Bell  FOX Business  September 3, 2020 4:00pm-5:01pm EDT

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the dow, s&p, nasdaq wiped out weekly gains but, but. [closing bell rings] we're not looking at what we had at the top of the hour. there you go. that's it for "the claman countdown." connell mcshane, melissa francis picking it up right now. connell: that was a rough day. all three major averages sinking today. this comes one day after the s&p 500 and the nasdaq closed at record highs. the nasdaq getting hammered, snapping a four-day winning streak in the process. the dow after being down more than 1000 points earlier in the session, closes lower by 800. we'll put it into perspective best we can. thanks for joining us. i'm connell mcshane. melissa: what a rough day. i'm melissa francis this is "after the bell." we have fox business team coverage. lauren simonetti is watching today's market selloff. good luck to her. edward lawrence is in washington. let's start with lauren.
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lauren: i know, it was a rough one. it is worst day since june. take a look. there is the damage. the dow retreating from that 29,000 level. at one point it was down 1026 points. so i guess being down 810 is good news? the nasdaq and s&p 500 also retreating from record closes. all 11 sectors in the red. tech and consumer stocks hit the worst. the reason, look, guys, there is a lot. uncertainty over timing of an effective vaccine. profit-taking ahead of a long holiday weekend. september really living up to its reputation as the worst month of the year historically. let me show you what weighed the most on the dow jones industrial average. apple, sales force, microsoft. along with amgen and home depot. shaving some 400 points off the blue-chip average. on nasdaq which snapped a four-day winning streak. amd, nvidia, tesla, all of them are lockdown winners.
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nvidia doubling this year. tesla up almost 400% this year. after today's drop it is down 20% in the just the past three days. we're seeing money move out of tech, you're looking at it, to beaten down stocks. look at this. cruise lines, some retailers, macy's and five below up sharply today. earlier this morning we got a report on jobless claims, better than expected. but big picture is you have 59.25 million americans out of work. that is worrisome to a lot of people. we'll flesh it all out tomorrow, when we get the government's take on the situation. this could be another piece of good news. we might actually see the unemployment rate drop below double digits to 9.8% for the month of august. stay tuned. 8:30 in the morning. back to you. connell: lauren, thank you. straight now to our market panel for that perspective we promised. joan jonathan hoenig joins us from the capitalist pig hedge
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fund and heather zumarriaga. heather, you first, your thoughts today, maybe a little bit what is next? >> i think the big market selloff today is for two reasons. number one a lot of new money flooding into the markets over the past few month has to do with a rise of all these trading apps like robinhood, right? you have to remember, those are buy and hold, sorry, those are not buy and hold day traders like dave portnoy and millenials for the most part. when you see selling in the marketplace people will lock in the profits, new money. you see it exacerbate like a domino effect. these are not people that want to hold over the long run in general. the second reason i think you see the shift out of growth into value. you heard some of the cruise liners and retail are green on the day? that's amazing! so i do think the shift from growth to value is long overdue.
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we're seeing it happen. connell: let's talk a little bit, jonathan what that might look like. some days we're looking for news events that might spark it, whether it is political comments or something else but you're always good at sticking to price. it seems to me that is the story today. heather said we're up so much you have to come down it looks like this. how do you see it playing out? >> that is exactly it, connell. higher they fly, they fall pretty hard when they fall and we haven't -- we've forgotten what a selloff looks like. so far, connell, it is pretty mild selloff. 3% down in the dow, basically takes us back at the end of last month. just as it has been on the way up, on the way down today, 100% technology with amazon, facebook, tesla, that make up so much of all the indices now. it is corrected, connell. they haven't really corrected that much.
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tesla which was $500 a share two days ago, it is $400 a share today. it was $300 a share back in july. so the breadth is negative. these stocks have corrected. but it is not very much. what worries me we could see in effect kind of a liquidity gap like we saw early part of this year when people sell, they run for the hills, they sell everything. this is a pretty overvalued market still despite today's selloff. i think some caution is warranted. connell: okay where do you come in on that, heather? whether it is start of a big selloff or to your point rotation in sectors which can be painful for people caught on the wrong side of it as well? >> absolutely. you're seeing basically a broad market selloff in agenda but i think there will be continue to be a shift from growth to value. i have hope it sells off more. the reason i'm saying that, i've been waiting since the end of march to get back in the market. i missed it.
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so i like this. look, work from home stocks have been hammered today. you look at zoom, apple, amazon, e-commerce giants, google and they're up a lot. jonathan mentioning tesla, but tesla is up 400% year-to-date. 400%! of course you get a little bit of a down day. i hope for more so i can buy on the dip. connell: all right. heather, we'll be rooting for you. maybe it will work out for you. we'll see how the whole thing plays itself out. jonathan, good to see you as well. melissa. melissa: she will stair with the rest of us i'm sure. big tech is sinking today as facebook will limit potential political ads in the week before the november election. let's go to susan li for more information on this move. susan: we've been expecting this move according to several reports and sources inside of facebook telling us they're have been high-level discussions inside of facebook for a while now involving mark zuckerberg and cheryl samberg on what
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actions they should take to insure a free and fair election. that is to prevent a repeat of 2016. trying to fight any last-minute misinformation campaigns. no new political ads allowed on facebook after october 27th. that is the week before the november 3rd vote. old ones will stay. facebook will take down posts that claims voters will catch covid if they show up in person at the polls to vote. also fact check other posts that use the pandemic to discourage voting. facebook will prevent any candidate from claiming victory too soon. this year in 2020. we have covid. absentee ballots will be likely much higher this year than previous elections. that might take weeks, days to count at the end of the facebook says they will also remove any posts that share president trump's comments. by the way in north carolina yesterday he suggested that voters could vote twice. it is not just facebook taking
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more precautionary actions into november 3rd. twitter banned all political ads. they will police posts for any misinformation. snapchat will provide in app voter awareness so you're aware to vote. facebook has more users than any social media site in the planet, over three billion. twitter has less than 200 million. guys, you saw tech was a main drag. throw in tesla quickly because we should look at tesla. who doesn't love talking about elon musk, but the worst three-day slide for this stock before the covid bottoms in march. still you're up 400%. right, guys? melissa: yeah. somehow i think they will be fine. susan, thank you for that. connell. connell: we'll have more on this selloff we saw today in the markets, melissa, coming up throughout the hour. plus we're 60 days out from election day and the democratic nominee joe biden today visiting kenosha, wisconsin, as president trump orders a review of federal
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funds sent to a number of cities across the country. where and why on that is coming up next. a surge in new covid-19 infections around campus, prompting one governor of a state to shut the bars down, again. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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connell: all right the market selloff in focus as we cover the road to the white house. president trump traveling to the state of pennsylvania. he has a campaign event there this evening. comes as his democratic rival joe biden took his turn visiting the city of kenosha, wisconsin, two days after the president was there. edward lawrence is following it all. edward. reporter: the president going to latrobe, pennsylvania. he will talk about the market selloff. he loves to talk about the selloff this is full campaign rally. folks lined up last night for the rally. no doubt the president will talk about house speaker nancy pelosi breaking the covid restrictions in order to get her hair done. the president also going to look into those threatening, threatening to withhold i should say funds from cities that allow lawlessness to continue in. in the memorandum issue last night,
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they will hold cities restricting eligible for certain grants where permissible and looking to redirect the funds to jurisdictions that protect constituents or communities. >> we believe that what will do within the bounds of law. we encourage stays and cities to act in the way kenosha and minneapolis did, via delayed. they finally asked for federal support and got it. too many americans are dying on the streets. too many businesses are being burned to the ground. reporter: singled out washington, d.c., portland, seattle, new york. governor andrew cuomo firing back at a news conference. listen. >> he can't come back to new york. he can't. he will walk down the street in new york? forget body guards. he better have an army if he thinks he is going to walk down the street in new york. no. new yorkers don't want to have anything to do with him and he knows it. reporter: with all these
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political posturing the administration sending this letter. the cdc asking governors to change regulations, wave them for distribution centers before vaccines can be operational by november 1st. dr. anthony fauci saying unlikely a vaccine will be approved by end of october that could have kicked off the market downturn. it is the fda that will approve the data. pfizer and astrazeneca will have enough data to give to the fda in october. we'll see what happens. connell: thank you, edward lawrence in washington. melissa. melissa: here now is steve moore from the great american economic revival group and also a freedom works economist. let me ask you big picture first. obviously so many people are in economic pain right now. you look what happened in the market today. about whether it is rotation or reaction what anthony fauci had
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to say about the coronavirus vaccine. a lot of people are in pain out there. that is hard to deal with for a significant president. how does he address that? >> it sure is. we have had good news on employment. we are have good news on the virus. we have good news on the health front in terms of development of therapies and vaccines. we've had, you know, we've had what, 10 days or so just incredible performance in the stock market. i wasn't too surprised we saw some profit-taking today in the market big time t was some of the stocks that went up the most like apple that fell the most. so this could be a rocky road, melissa, for the next three, six, nine months as we get out of this crisis. i like the direction of things. ask me tomorrow by the way when we get that big jobs report. i'm hoping for 500,000 to a million additional jobs to keep up the pace of recovery but it is going so far i think faster than most people anticipated. the congressional budget office
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had predicted a couple months ago we would have closer to 15 to 20% unemployment today. we're going to hopefully hit the 10% or lower mark tomorrow. melissa: i don't know. i think that is cold comfort to people, small business owners who have seen their business destroyed. restaurant, i mean, so many people, i don't know anyone who is better off right now than they were, you know a year ago. so that is a tough message. it's a tough time to be saying even if it is well-intentioned, you know, to try to get these cities to do what they need to do but to say you're going to defund a city. you heard back and forth between governor cuomo and president trump. it is not just new york. he is pointing to other states and communities where, you know, the law enforcement situation has gotten completely out of control. do you think that's the wrong message right now though, to cities that are already on their knees to say i'm also going to defund you?
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>> i don't know if i would have said that, melissa, but i think it is absolutely preposterous to for joe biden to say donald trump is responsible for the violence in these cities like minneapolis, like san francisco, seattle, portland and my great home city of chicago. this is just a, an absence of leadership. it is incompetence of leadership in these cities. you're there in new york city. you know what i'm talking about. there are ways to deal with this in a way that doesn't cause the destruction of property, the destruction of businesses and neighborhoods. you know the injury to people. so, look, the people have to be held accountable and these are all democratic cities. trump is right about this democratic leaders that can't control, and keep people safe. that is the first function of government. so, would i say withdraw the financial support for these cities? i'm not sure i would but i don't think there is any reason to go along with the pelosi plan which is to massively tax people in
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the red states so we can give the money to these blue states that can't take care of themselves. this is a problem of leadership in these cities, you know. it is absolutely clear. melissa: no doubt. but before we run out of time i've been asking this question for the past couple days, what is it that a president could actually do to help one much these cities? i mean sitting here just as an example here in new york, i think everybody in new york knows this is the problem of bill de blasio. that this is our governor. this is about local lack of leadership. can a president either, joe biden or president trump, what could they actually do to help us? >> call for healing. i'm involved in a great group that is called pause politics. it's a great organization that is calling for kind of a celebration of america, melissa, and let's do things, instead of setting fires, let's start a, try to rebuild these cities. wouldn't it be amazing thing,
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melissa, let's imagine this for a minute, that all of the people on the left and some of the people on the right who have been involved in some of these violent episodes in these cities, why not come together, instead of burning things down and throwing rocks through windows, why not rebuild things? we have thousands, tens of thousands of young people out there with nothing to do with rioting every night. if they want to make a statement, work to rebuild the businesses? wipe off and clean off all of the graffiti defacing so many cities? maybe i'm just too optimistic but wouldn't that be a wonderful thing? there needs to be, i would like to see trump really talk about that. be constructive, not destructive. melissa: interesting idea. steve moore, thank you for that. cornell? connell: all right. melissa, a quick note here on elon musk. this morning launching 60 more starlink satellites into orbit. that brings the total to 713 circling the earth.
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♪. connell: fleeing the city streets for florida. many new york city residents continue to use the pandemic as a reason to escape to their vacation homes in the sunshine state but what about a more permanent move? fox's phil keating live in miami with details on that. phil? reporter: connell, tired of new york? tri-state area and the northeast? if so, you're not alone. more and more people up north are deciding right now during the pandemic that time is present to make the big move and head south. joe and his wife and son just moved to melbourne, florida, from new york.
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one of many families, swamping moving companies to get their boxes and belongs out of the big city into more space. with all the working from home, virtual learning from home during the pandemic, he said it made sense now to come to a state where there is no state income tax, abundant sunshine and beaches. >> it was a combination of the lockdown with covid. combination of again, the crime in the city. the way they're running the city. the way the governor's running the state. you know taxes are going to be very, very high. reporter: according to realtor.com, miami is the top market for people in the northeast who are looking to move. miami, bridgeport, connecticut, philadelphia, tampa, orlando, also in the mix. for real estate agents like george garrett, jr., this is surge of interest in the northeast in particular. this house is a three bed, two bath, for $650,000. it is on the market.
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he said his real estate company website is getting a lot of hits from people justified of tired of the dense big cities looking for a yard, with amenities you can drive or walk to. in new york city, the apartment say vacancy is at a decade high. rents in manhattan are 10% lower than where they have been. a big motivation for moving, buying a new property is very low interest rates. connell? connell: no doubt. really interesting to watch. i might have to get rid of his met hat but only thing. phil keating down in the miami area. melissa? melissa: all right. minneapolis struggling to rebuild months after riots left nearly 1500 businesses torched. an update on the recovery from a business owner whose salon was set on fire next. plus, combating a spike in
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♪ connell: businesses moving out of cities. recent violent and impact of pandemic overall has companies second-guessing their locations. grady trimble is looking into this. he joins us live from chicago.
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reporter: connell, chicago is one of the cities that has seen a one-two punch followed by the pandemic and unprecedented violence and looting. portland is seeing the most direct tie what rioting can do for businesses, basically make them want to leave. the rioting going on 97 days right now. one prominent downtown developer in portland, big tech companies and he have had enough. companies like microsoft, airbnb and google are among the businesses leaving. he blames city officials for what he calls lawlessness. he says he has not seen anything like it in the 42 years in the development business. he sent a letter to the mayor and portland city council expressing his discontent, you're doing an excellent job of enabling people to ransack our city at the expense of people you're trying to help. in san francisco the chamber of commerce says more than half of all storefronts are still closed
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there. more than three quarters of entertainment venues and bars remain closed. the chamber blames that solely on the pandemic, not the unrest. nonetheless we've seen big companies like juul, charles schwab, mckesson skip out of san francisco. other companies are allowing employees to work remote forever which means the employees might leave the area as well. in chicago, it has been a month since the most recent round of looting. a lot of businesses here are concerned as well although we have not seen any actually leave yet. we've seen local business owners as well as elected officials send letters to the mayor saying if the city can't clean this up, then it could lead to businesses leaving and people leaving as well. connell? connell: all right. grady, i know you will continue to follow that for us. grady trimble in chicago. melissa. melissa: so businesses picking up the pieces months later.
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one minneapolis salon owner lost her store when it was set on fire during the riots in may. her salon was one of 1500 businesses damaged during the george floyd protests. months later she is still looking for answers from locals and state officials. here is flora westbrook. the owner of floor a hair designs. thanks so much for joining us. if you can, tell us what happened with your store. >> may 29th of this year i was at home, about to have dinner and i get a call that our store was on fire our salon and we had a number of businesses there, we had a renter in one of the other businesses. and i get this call. i rushed up to, to my place of business there and -- it was
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just on fire. just a big ball of fire. i could not believe what i saw. it was awful. i'm like, i just couldn't believe it. i've been there 35 years. just to lose my business like that, it was so painful. melissa: 35 years. did you have have any sort of insurance? have you heard from anyone in the city for help? what has happened since then? >> you know, there was a pandemic going on, i was just about to reopen my business on the 1st of june and, when that happened, nothing has happened. i haven't, i haven't had any help, no resource, nothing came through for me at all, nothing. i lost everything. i lost everything in my business that i built from scratch. i built it with my own hands and
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my own money. never got a dime, never got a thing from any bank, you know, any institutions or anything. and, i'm just devastated, very devastating what happened. melissa: it is a heartbreaking story. i mean what do you, what do you think when you see all of the back and forth about the protesters and is it a peaceful protest, what is it about? is there violence? how do you feel about, you know the fact that a lot of stories like yours are the ones that have gotten lost in the undertow of all of the back and forth fighting? what would you say to people? >> well you know, i don't condone any of this, you know, what they're doing, the rioting, you know, all of this stuff. i don't condone that but you know, peaceful protesters, you know, i do understand that part but when you have to come in and
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just tear up someone's business and just take away their lifestyle, just, it is, i don't understand that. i just can't, that is not any words could explain to me why, why would you want to just tear down what someone built, their livelihood, where they work at, why would you want to take it away? why? for what reason? i don't understand that. melissa: it doesn't make any sense. tell us what it is, tell us what, what are you going to do next? >> well all i have, that is only thing i can rely on is gofundme page. i don't have anything right now. so, my gofundme page is, if you go to flora's hair designs. it was a beauty salon i owned for 35 years. just contribute, just donate, if you can, please, anything would
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help. i just want to rebuild. that is all i want to do. melissa: will you open in a new location? will you go back where you were? >> i will go back where i were. i just want to, i paid for that. i bought that. that is my building. i own that. i paid with that with my own, my own earned money, hard-working money. an, i don't want any loans because, why would i want to, get me to the point where i take out any loans? for something that i already paid for? it was mine. i don't they have i should, you know, take out loans. melissa: flora, i hope we get awareness around your story. get you some hope. thank you so much for coming on. i think people think about the businesses. they don't see the faces behind they. thank you for coming on to represent that. good luck to you. >> thank you for having me. >> connell? connell: all right. that is a tough one.
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iowa state university, we have just received word that school will not allow fans in the stands when the cyclones kick off the football season september the 12th. you might remember earlier this week the school would allow 25,000 people in the stadium. athletic director decided to change their mind after listening to the community. aims, iowa is the second worst outbreak in the nation if you base it on population size. that is obviously a big part of it. we'll be right back
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i don't see it. only pay for what you need. liberty. liberty. liberty. liberty. ♪ ♪. connell: let's get back to the race for the covid-19 vaccine. the cdc alerting state officials potential large-scale distribution early as november 1st. dr. anthony fauci placing his bets on vaccine approval sometime the end. year. dr. mark mcclellan, from duke university, former fda commissioner. what is realistic, dr. mcclellan. >> i think dr. fauci's expectations are more likely what is going to happen. it is understandable that cdc might want to have preparations earlier for a vaccine to be
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approved that much earlier, even on a emergency basis it, would really have to show some spectacular results. i just want to emphasize that the fda standards for even emergency approval for a vaccine require it show a level of safety and also show that it actually works to reduce infections. that will be a very hard standard to meet on an october time frame. connell: now the election of course is november 3rd. if you're trying to get it out by then, is it your position it is rushed? it is too fast? >> well i say it really depends. what should happen, when fda's usual process is, is that they will look at the data, as it is being collected in these clinical trials and they're underway now. people have gotten vaccine or placebo as an all terntive. they're being watched whether or not they develop infections and how severe those infections are. they will take a look along the way. that trial should not end, it
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should not be the basis for an emergency approval until there is really clear evidence that people are getting the vaccine in the clinical trials or doing significantly better in terms of covid than those who aren't and there are not side-effects. even then it would only be approved for a limited amount of people, a limited scope much use. that is very unlikely to happen before october and i think that established fda procedure is what will hopefully be followed. fda has also said they will have public discussion about all of this. they will share the data. they will be transparent about why they're making their recommendations which all should hopefully help make sure that the american public has confidence in the decisions about the vaccine approvals when it happens and who it is approved for. connell: now it seems even if we get it on that timeline, say about it end of the year, correct me if i'm wrong, that is pretty good all things considered. that is very fast move for something like this. >> yeah. connell: what would you say
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though, i've seen some of these surveys, they have come out and sometimes people say you know what, i don't want to be the first one to go? i will not take the vaccine right away. there is some discussion of that in the country as we prepare ourselves for the vaccine to be approved and eventually distributed. what would you say to someone who has reservations about taking it? >> connell, i think those reservations are understandable. there are people who wait on -- they don't want to be the first to get something. they don't want to be the early adopter. this will be a little more complicated because there are six promising vaccines in the running that could all potentially be approved if they are safe and effective by the first part of 2021. so i think what we're actually going to see happen is a more gradual process. hopefully one much these early vaccines will show that it is safe and effective enough and that might be one that is used in not everyone but, the people who could benefit the most from it. we'll see how that goes.
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then we'll hopefully get better at distributing the vaccine. people get more confident in them as we develop more evidence. as more options become available. but it is probably going to be a gradual process that might be beginning late this year, but it will take us well into 2021, as more people get vaccinateed as we build up more immunity. this should not be quick, easy process. vaccinating hundreds of millions of americans will take some time. people rightfully want to be confident about the product t will take some effort to develop that confidence and take some time i think to get us through this process. connell: just about out of time, but sounds like you're saying one year from now we're still dealing with this. >> i think by a year from we will hopefully be largely past it. american society will be different going forward but i think a lot of what we're living through now should behind us, if fda makes the right decisions. if these vaccines actually work.
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i think that can very well be the case, connell. connell: all right. so we'll obviously hope for the best on all those fronts. good to see you. we always appreciate your perspective, dr. mark mcclellan from duke. melissa, back to you. >> looking for labor day sales for big ticket home appliances chances are you will not find many. gerri willis is at a home appliance store in westchester, new york, with more. gerri. reporter: melissa, that's right. we're coming to you from royal green. it is a high-end appliance showroom and store. take a look over my shoulder. this is some pretty stuff we've got here guess what? this 48-year-old operation, family owned, will not have a labor day sale the first time in history. why? it comes down to demand and supply. listen. >> people are not traveling. they have disposable income, they ask themselves what can we do? swap out the appliances?
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put a new bathroom in. so that demand, okay, increased exponentially over the course of the last three months. reporter: ge appliances telling fox business they can't produce stoves, et cetera, fast enough, writing this, usage of appliances is higher than ever before as people spent more time with their families under one roof. additional interest in remodeling, home improvements sparked orders as well. sales and earnings at lowe's, home depot spike in the second quarter. this is part of the same trend but what is going on in the store over the weekend is made worse by the pandemic itself and slowdowns in production. according to the association of home appliance manufacturers shipments of major applianceses were down 7% in june from june year ago and improvement in may over 10%. one product most in demand, freezers.
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those estimateds down 13.4% in june. ge appliances is expanding production. they're sinking $62 million into the louisville plant, hiring 262 people. that is not enough to help folks that want a good deal this labor day. if you think you will get around all of this by buying online. think again, guess what? you will have long delivery times. probably have to wait weeks if not months to get the exact thing you want. melissa, back to you. melissa: wow, at least somebody is doing well right now. gerri, thank you for that. connell? not connell. last -- governor of -- governor of west virginia ordered some bars in the state to shut down again. we'll get organized and come back. ♪
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i had shingles. horrible. a young thing like me? [camera man] actually anyone 50 or over is at increased risk for shingles. the pain, the burning! my husband had to do everything for weeks. and the thing is, there's nothing you can do about it! [camera man] well, shingles can be prevented. shingles can be whaaat? [camera man] prevented. you can get vaccinated. frank! they have shingles vaccines! -whaaat? -that's what i said. we're taking you to the doctor. not going through that again. [camera man] you can also get it from your pharmacist! talk to your doctor or pharmacist about getting vaccinated. ♪
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♪ connell: the bars have closed down in morgantown, west virginia's governor ordering drinking establishments clos after photos of schools at the -- students at the schools went viral. it's an understatement to call him disappointed, and the president joins us now. thank you, sir, for coming on. we understand you're disappointed. what's the plan? what happens next? >> well, the governor's closed down the bars, and, obviously, we have a lot of protocols here for our students. what i do is i just tell 'em, look, we've got three things. we've got to follow the protocols that saw wear your mask, make certain that you are following the health protocols, safety, the safe few factors and social distancing. and if you do that, we're going to flatten the curve, and we're going to make certain that we're able to keep our university
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running and functioning very well. we have so many things we are doing. we are testing, we're constantly testing, we're moving, making certain people who have the virus or potential virus, that we quarantine them. we do a number of things. our intent is to dance. i tell everyone we have it, now we've got to dance with it. and when they opened up the bars, we had to get back into a rhythm, and that's where we are. [laughter] connell: i don't know if your students will get that reference -- >> probably not. they'll say who is that dufus? [laughter] connell: what's he talking about. the decision you have to make, you've decided to bring the students back in person. some universities, no, we can't do it, everybody's got to go all virtual. now that the students are back, would you consider sending them home? the risk if you do that, you
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know, you could infect the home population with some of these student. have you considered that? >> you know that -- thank you, i'm sorry. i want to make certain that i'm very clear about this. no, we do not have that as part of our plan. but, you know, as i say, this is constantly morphing. but saying that, i think that we have plans b, c and d, you know? we had our plan a was to open it up and bring all of our students back with testing and so forth. well, things started to spike, and so we brought only the freshmen and the graduate students back with the rest of our students being online with certain opportunities to be in class. and so we're constantly evaluating that. but i saw dr. fauci, and our own health experts say the same thing, you know? once you open up, if you start sending people back into their parents' basements, it's not going to be a good thing.
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connell: yeah. >> we are very committed to keeping our institution open. but also a making certain that our students are safe and that our faculty and staff are safe and that our community, you know, this is a college town, so we have to be very concerned about the opening of our community. connell: right. well, you are part of the community, right? i saw the local school superintendent for the younger kids, k-12, saying that i don't know if they made a final decision, but i know the consideration was being given that they might have to go all virtual, and they were kind of pinning part of that on what happened at your university. what's your reaction? >> yeah. well, the school superintendent wanted me to come over and teach all these kids. i think that we have to work very closely together. you know, a college town like this, the university is inside of the city, we're a city inside of a city. we need to make sure that we do what we need to do and the city not be penalized, rather we work
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very closely together, and i suspect that is exactly where we're going to end up. connell: final question, and i think we're going to be out of time. is it realistic, the expectations on college students? people say, well, it's not -- you can't expect kids not to want to go out and have fun and all the rest of it. what do you say to that argument? >> this is a once in a life time issue. we all know that we're not going to face this again, we hope. and so we just have to have adult behavior, and that's all there is. and these are young adults. i mean, i love these kids. they know how to act in accordance with the rules and regulations. but as we know, i mean, they sometimes get a little bit out of bounds. the thing that i'm concerned about and i know you can cut me off whenever you need to, but i the thing is the pandemic, the virus and also another pandemic called collateral damage, you know? suicides are through the roof. connell: right. >> depression, all the other kinds of things. that's one of the reasons i wanted these kids back on campus. it's very important.
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connell: yeah. it's important, that in-person -- no, we get it, the in-person component. we do have to wrap it up now, and all the best to everybody down there. >> thank you. connell: the president of west virginia university. thanks for joining us here on "after the bell." we'll see you back here tomorrow, it's "lou dobbs tonight" that starts right now. ♪ ♪ lou: good evening, everybody. president trump today hitting another key swing state as we approach two months until election day. president trump this hour will be in western pennsylvania, the state where new polling has the president all tied up with china joe biden. rasmussen shows both the president and biden with 46% support in the important battleground state of pennsylvania, the same poll shows president trump with 27% support among african-americans in pennsylvania. that is an increase of 19
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