tv Cavuto Coast to Coast FOX Business September 10, 2020 12:00pm-2:00pm EDT
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she is hanging out politically. we want the package. it is republicans rebecause to help the people of america. susan: everybody needs help. stuart: are we done? we're done. time is completely up. great to be back after a few days away, here is my colleague neil. neil: i want to thank my colleague david filling in when i was away. he was doing, double, triple, quadruple duty. he didn't h doesn't get extra for doing that. the wildfires burning across the entire west coast. getting a handle on it, one you get under control and another one pops up. the skinny bill is multilayer process. it is not an out and out vote
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before they have procedural votes. bottom line i do not expect any rapid action on this with the house dead set opposed to whatever the senate will come with, even if mitch mcconnell gets the votes he needs ultimately to get this through. nfl football returns. "thursday night football" tonight. all eyes on the kansas city chiefs, houston texans. the stadium can hold 76,000 people i'm told. it is going to be at 22% of capacity, so 15,000 folks in the stands. what is odd, there will not be mascot the or cheerleaders. it will be very thin population on the ground besides players and coaches. it might seem a little weird but football is on. we'll look at potential impact what we might be seeing and might not be seeing. meanwhile politics is it still on. the president plans to visit michigan today, a battleground
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state he won by little more than 10,000. polls are tightening. blake burman. reporter: six presidential, president trump flipped it around by slimmest of margin, .2%. joe biden is leading by a smaller margin. 16 electoral votes. why we've seen both candidates in the state of michigan for the last two days. president trump going to freeland. yo biden was in that state as well. when you talk about michigan you talk about manufacturing and the automotive industry. that was at the center of joe biden's comments yesterday. expect president trump to hit on it yesterday. biden was trying to make the case that the auto industry is in a worse state off under this current administration than it was the prior administration. watch here.
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>> when the gm transmission plant here in warren closed last year i bet of the workers around weren't all that comforted by trump's empty promises. under donald trump michigan lost auto jobs even before cove individual -- covid hit. reporter: president is doing damage control over the first batch of tapes with bob woodward where the president said he downplayed the covid threat. president tweeting, bob woodward had nye quotes for many months, if he thought they were bad or dangerous, why didn't he report? an effort to save lives. did he have obligation to do so? no, says the president. he knew they were good, proper answers, calm no panic. that last line there, neil is part of the president's defense. president trump: i'm a cheerleader for this country. i love our country and i don't want people to be frightened. i don't want to create panic as
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you say. and certainly i'm not going to drive this country or the world into a frenzy. we want to show confidence. we want to show strength. reporter: biden in michigan yesterday, president trump going there later today, neil. crisscrossing missing each other by a day. the two, by the way will be both in pennsylvania tomorrow. of course it being the 19th commemoration of the 9/11 anniversary. president trump and joe biden will be in shanksville. back to you. neil: you know, blake this has nothing to do with anything but why did the president agree to the multiple sit-downs with bob woodward, eight 10 of them went on for hours around hours after the first none too friendly. reporter: none too friendly the first book, president trump one of his complaints after the first book came out why there weren't any direct conversations
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between the president and bob woodward. there was the conversation released afterwards between president trump and bob woodward, hey, why didn't you come to me? for a second book the president sat down with woodward, 18 different occasions, you're right over the course of nine hours, when you add it all up. still though there is a lot of questions inside the white house why the president would do such a thing, especially since this book is being released so close to the election. the president clearly felt as if he could have woodward portray a positive view of this white house. now though the president is describing this as political hit job even though he sat down and there are tapes and there are transcripts of those very conversations. neil: thank you my friend. fallout on the book could have legs. excuse me it could have legs obviously these were all taped conversations maybe could complicate things for the debate season. we have a big one coming up at the end of this month.
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this book, some of its revelations might come back to haunt the president or maybe not. getted read from liz peek, fox news contributor, eat than baron, liberal radio show host. liz, get your take on the fallout from this book. it is only latest tome, kind of rips, it does rip him. he survived others, will he survive this? >> i think this is part of the problem democrats using this kind of message from bob woodward, tapes to damage the president. the president has had everything in the world thrown at him, neil. the latest thing was the article in the "atlantic," if you remembered, in which he is claimed, it is claimed that he disparaged u.s. troops abroad and in fact his approval ratings went up in the aftermath of that "atlantic" story. i think because people mr. just so sick and tired of having these allegations.
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now in this case it is worse, clearly because there are tapes. these were interviews that the president willingly participated in but i think americans, two things about this. first of all, polling shows that concern about the coronavirus has diminished. this is not the leading issue with a lot of americans any longer. that is a problem for democrats. the second thing is, other issues including the economy have become more important and law and order or public safety as trump's advisors are encouraging to call hit. on those things he is gaining. so in these battleground states they are separated now, biden is leading by 3.9 points. that is within i would guess the margin of error considering the so-called shy trump voters. so you know, is this going to really move the needle. i doubt it very much. neil: you know, ethan, i'm sure you agree with virtually everything we said, so i don't think we have to go to you.
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in all seriousness, how do you see these dynamics changing? book revelations are one thing. the president's people, if i'm right, liz, all of sudden pouncing what biden knew, when he knew it regarding the virus. his folks responded you guys had the white house. the president was in control. he is the guy who has access to all this stuff, we didn't. how does this all sort out, particularly at time, the virus, at least the worst of it seems to be subsiding? your thoughts. >> two key parts to that, first off what is so different from what liz just said, these aren't revelations that the democrats are bringing forth. these are the president's own words about the coronavirus that he knew it was airborne. he knew how serious it was. he knew it was five times deadlier than any flu. that he intentionally was downplaying it. that is an absolute abdication of duty. people recognize that. the coronavirus is a very serious concern. those of us who are parents have
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kids who are at home, we're having to manage now. we're, essentially everybody is a homeschool parent right now. even though it is online classes. i have kids at home, thank god my wife is there to help manage and take care of it. so everybody with parents with keenly, who is a parent, is keenly aware of the coronavirus what it is doing to our economy, it is doing to our schools. the lack after national plan. the failure to provide materials to safe classrooms in a cohesive and coherent plan. this will play out at the polls. we look at things in the swing states. i know you like to talk numbers, neil. talk about the farm economy in key swing states like wisconsin with the massive increase in farm bankruptcies pre-covid. these are things that are not going to play out well in trump's favor. in biden's favor a really key point missed by everybody he has a plan that is both a care lost an stick to bring jobs back to
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the united states. a 10% tax incentive for companies to bring jobs back to the united states and a 10% penalty for companies that move them offshore. that is the right approach and it is going to reflect when we end up voting between now and november 3rd. neil: you know you could argue a lot of these jobs were going away prior to this deal. liz, i'm just wondering now if the economy becomes front and center, the president all of sudden talks about 10 million jobs have come back, he is obviously right, quite right to talk about the net 15 million still down, but if the economy is on improving trend as it appears to be, will that make this economic issue run to the president's favor here, that things are picking up, albeit too slowly for some, about right for others but your thoughts? >> i think, without a doubt the economy is coming back faster than expected. it really does look like a v. there are segments of it like housing which are extremely
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strong. we know inventoriries are incredibly low. i could give you 10 data points that suggest the economy is going to be booming as we head into the election. people are going to be very excited about that and none, with all the polling that has been done the one thing that has never changed is americans credit donald trump with better managing the economy than they do joe biden. so that is something in his favor. look, i think the other thing, americans remember back in january, february, march, everyone was confused about this virus. president trump may have downplayed it but so did fauci, so did nancy pelosi, so did bill de blasio. everybody was confused about what, how it was going to play out. let's look at the facts. the fact is that donald trump shut down the economy. he did prevent people coming in from china and then from europe. those are actions which speak a lot louder than words to me. and did actually help save
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enormous number of lives in this country. you know obviously there is going to be some controversy about this but again, neil, most people's minds are made up at this point i think. and i think a lot of people are going to be voting on the economy and they're going to vote for donald trump. neil: law and order, eat than, will be an issue as well. that is an area where some democrats are afraid that they welcomed the vice president responding to it but he responded too late and republicans seized issue and run away with it, are you worried that is the case. >> not at all. what is interesting buried in the news i've been talking about as much as people will listen, now that dhs and others are coming out finally saying it, you want to talk about law and order, we have white supremacists are the number one domestic terror throat -- threat in the united states. validated by numerous agencies
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finally, being suppressed by this administration. we have an administration who refuses to acknowledge that white supremacists are the number one domestic terror threat. he has done everything to reduce that information ever coming out being presented and law enforcement focusing on it. we just got word -- neil: white supremacists are not behind all of this violence we've been seeing in city after city. do you, do you, do you look at this issue as president's fault, really? >> if the president wants to accept support from white supremacists like he did in 2016 and play ignorance about it, and looks like we just lost power in the building i'm in. i don't know if we're still online. neil: no. i just did that deliberately, it has nothing to do with the power. i want to explore that another time we get you guys back. i appreciate you both coming back. sorry about the power issues, but really worked. eat than, i'm kidding.
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really just kidding. corner of wall and broad, the dow is down 37 points. there is a back and forth on technology stocks an all of that, whether yesterday's rally was sort of like a head fake, it was a powerful head fake. so that might be a bit of a stretch. but nasdaq is coming back. technology stocks coming back. we'll look at a lot of things how that reverberates with the economic news. claims under a million again. a little higher than people thought they would be. phil flynn on the fallout for that. phil? >> jobless claims were higher. shows the jobs recovery has been historic has stalled a little bit. if you look at the overall numbers, neil, were weren't a lot of new people added to the jobless claims we don't normally look at. people self-employed normally don't get counted into those numbers. because of some new ways of helping these people out that have been hurt by covid-19 they actually got counted in the jobless claims so the number was
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bigger. make no mistake about it. there is a lot of concern that the economy will need a little more help in the fourth quarter to bust out of this. we're seeing a lot of volatility in the marketplace. if you look at the vix, for example, the fear indicator it is at the highest level we've seen in a few months since the covid-19 crisis was at its most fearful. but at the same time, you can't underestimate the way the jobs come back by an incredible amount. we went from over 15% unemployment to 8%. the trend is good but we're going to really need some help in the fourth quarter to keep it going. now uncertainty about the election is really pulling apart what we're seeing here. there is a lot of concerns about what is going to happen if we have a change in power, new taxes, new regulations, new taxes on companies that make money, right? we're talking about capital-gains taxes for high income earners. that could move a lot of money offshore. that is a little bit of a concern with this market right now. so until we get a clearer view of which way the election is
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going to go, we're probably see more volatility and that will keep things hopping. neil: we were showing a little while ago with the power going out where ethan berman was, pasadena, california. that is where some of the real fires are happening right now. i want to thank you, phil for that. a little bit more on the fires he was touching on here, they warranted leaving this facility after a planned evacuation. that these fires are running out of control right now, affecting three million of 12 million california homes. that is just the homes. it is much bigger than that. indeed much bigger than california. after this. right now, the worst place to be is stuck in-between.
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♪. neil: to say they're burning out of control is one thing. to say that they're making skies almost surreal over california, but that is where we stand right now as fires get one under control, another one spirals out of control. jeff paul in monrovia, california with the latest. what is it looking like there? reporter: folks here in monrovia
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remain unevacuation warnings, as this fire, this particular one, the bobcat fire gets closer and closer to this town. it has doubled in size overnight as you watch smoke billow into the air. it is burning at 20,000-acres. those flames just seem to be getting closer and closer to these homes. and it is something that everyone is worried about on the west coast with so many fires burning. there is more than 90 major fires burning throughout 13 states where at least seven people have died. nearly 3.4 million-acres burned, which could give you an idea is about the size of the entire state of connecticut. california suffering from the most land burn, already breaking the record this year and there are still several months to go for fire season. authorities say at least three people have died and 12 others are missing. these fires moving so fast it really doesn't give people much time to get out.
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>> it sounded like a jet plane t was fire, 360-degrees around me. i had to go into a sheet metal shop on the property, and everything burned to the ground except for the shop. reporter: while things cleared up today, yesterday the bay area looked incredibly eerie. smoke and ash drifting from the fires caused the skies to turn orange and red. further up the coast much like california, both washington and oregon are being devastated by fires. three were killed in oregon and the fires have destroyed five small towns. beyond the flames the air quality, neil, is terrible out here. you can definitely smell the smoke and almost taste the ash. you can see little particles blowing throughout the area. with these fires really not having an end in sight, this is sort of the new normal at least for fire season which still has another four months to go. neil? neil: just incredible.
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be safe yourself, thank you very much. jeff paul reporting on all of that. again there are seven known fires spiraling out of control as jeff intimated hire. they do take turns. some are really fast here. i was noticing in the sierra national forest, we had one moving around labor day at 15 miles aday. the average are wildfire moves one to three miles a day to give you perspective. the national forest northeast of san francisco, for a while 25-miles per day. this is why you hear so many cases where it is hard to keep on top of this. firefighters themselves get trapped, surrounded by all of this. california congressman john garamendi joins us right now. congressman good to have you. >> sure, neil. neil: this is, we're used to hearing wildfires and sadly in californians are yoursed to dealing with them but these are of a different order, aren't they? >> they really are but it is
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expected. we've known for more than two decades, almost three decades that this kind of conflagration would occur as climate changed, as things warmed up and the earth dried out. that is where we are. we've known a long time this kind of thing have happened. what have we done over the last four or five years to address climate change? we've gone backwards. it will be this way until we get control of the wild lands, do the proper management of them and move beyond the use of fossil fuels. neil: all right. i believe that a lot of these fires and out of control wildfires were long before the climate change took hold were going on. i'm more interested finding out from you, i know you want to make a political statement here but i want to focus on the fires right now and what the state, i know already asked the federal government for some help here. what is the latest on that?
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>> well the latest on that is the state and local governments on the west coast, and certainly in my area are out of money. we need that federal here rose bill. sorry to go political, but we have got to have money. they're running through their budgets. the fiscal year is about to end and, they're looking at how do we pay the firefighters, how do we pay the police? we have to deal with this in congress right now. what, excuse me, neil, three months ago the house passed the money necessary to support the governments on the west coast and really around the nation. so, yes, we do have a financial problem. we do need federal help. the federal programs are totally used up. the national forest where many of these fires are burning are using every piece of equipment they have and normally we could draw from oregon or washington. can't do that now obviously.
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to go we're in for a very, very difficult time here in california and beyond that, we're going to have a very serious homeowner insurance issue throughout the west and throughout the, i guess everything west of the mississippi river where the insurance companies are going to find, how are they going to provide insurance at a reasonable cost? the answer will be not. there will be a whole series of economics -- neil: let me ask you about the measure on the table now in the senate, congressman. it is about 300 billion-dollar measure. it is about 650 billion when you talk about reappropriated funds. that is nowhere near, you criticized nowhere near what is needed. so is it safe to say that if the two sides can't broach the differences, there is not going to be a stimulus measure? >> there has to be a compromise and that compromise has to have a number for state and local governments, cities, counties,
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firefighting districts and the rest sufficient to give them money they need to sustain the fight. what is that number? i think the house number is far closer to what is the correct one but there has to be a compromise. we cannot go any longer without providing the money necessary for the states, for the fire districts, for the counties and cities to sustain the battle. they're blowing,ngng bni tniough sh atdidi re as every single pieglceiecece of ee and everyersoernn is deployedd o fight thfiest fiesirefiesiresire .we and it issnly a matterff time before creo and other o unta states,teoc mntain n states will ha the same pr so we need to get on wit w i ome.eth merust be a compromise. haveavo doo it. all ralight.ig wel sl what hpenspe in washington. they're working on that. but to your point, congressman, they're far apart. thank you, be safe, be well yourself. congressman garamendi.
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by the way to that point, they're votes on a series of measures that will ultimately lead to an up-or-down vote what is roughly a 300 billion-dollar stimulus measure. really 650 billion when you consider that it just reappropriates some funds but democrats have been saying as the congressman pointed out that is not nearly enough. they're closer to two trillion dollars. this latest republican measure is already down from the original plan of one trillion dollars. but it is expected to go nowhere. might pass in the senate. but after that, dead on arrival. stay with us. our retirement plan with voya gives us confidence. they help us with achievable steps along the way... ...so we can spend a bit today, knowing we're prepared for tomorrow. wow dad, do you think you overdid it maybe? i don't think so... what do you think, peanut? nope! honey, do you think we overdid it? overdid what? see? we don't think so, son.
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at least for the time-being. but there are a series of votes on this. way over my head watching as these procedures, chad pergram knows them inside and out and can guide us what we're looking forward to today. what will this all be like? steer me through the votes. reporter: they're on a series of votes now that have nothing to do with coronavirus. it is really an issue of schedule. four votes, the fourth vote in the series is procedural vote whether or not to break a filibuster on the republican coronavirus relief package. to break the filibuster you need 630 yeas. republicans only have 53 votes in the senate. unclear if they get 51. you need seven democrats to join on the case. that will not be the case. democrats don't like the bill, starting with richard blumenthal, democrat from connecticut. >> skinnier than any proposal they made so far. they are going exactly in the wrong direction in the midst of
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an economic crisis, a public health emergency. reporter: republicans know democrats won't support this plan so they're trying to get them on the record blocking this package. this applies pressure on moderate democrats. they are aiming it at joe manchin, kristin cinema, and doug jones of alabama. he has the toughest raise. mcconnell didn't advance a coronavirus package earlier this summer because he lacked the votes. the bill is slimmed down to $300 billion. i pressed mcconnell on issue. at least 51 votes on cloture vote. if you don't, how can you assign blame to democrats if you can't get cloture. >> the vote is cast tomorrow. the vote will be cast tomorrow. reporter: they will not break the filibuster this afternoon.
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what that probably means, neil, coronavirus relief is dead until after the election. house speaker nancy pelosi, i asked her that just about 45 minutes ago, she denied that she is adamant she will not attach coronavirus relief to pa bill to keep the government funded at the end of the month. back to you. neil: how likely is it, that the lights go out in washington? that, you know, funding bill never comes to fruition and they start shutting things down? reporter: it is anybody's guess. there is a lot of buyers remorse and shock after what happened in late 2018 and 2019 when we had the lengthy month-long shutdown over the holidays here. the white house has indicated they don't know what they would sign here. that is a little bit up in the air. nancy pelosi is calling this a clean bill. not putting anything else on this disaster relief or covid. that is probably easiest way to keep the lights on. the question, neil, how long do they run it just until after the election or extend it until next
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year. a lot of democrats would like to fund the government through next year, because they hope they have a democratic senate and they hope they have president joe biden with whom to do business next year. neil: all right. i see. chad, thank you very much. you answered everything. those are all my questions. i think i understood them. thank you very, very much. chad pergram. the guy is an encyclopedia. we told you the doj going after google on antitrust grounds. others are joining the fray. we have the yelp public policy senior vice president. luther, you cam at it from a different vantage point as damaged or hurt party. can you explain how google i guess has made your life hell? >> sure, thanks, neil. google has done a lot to harm harm consumers and small businesses. in the case of local search which is the space yelp operates in, when a mom does a search for a pediatrician on google today, instead of being matched with the best information across the
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web, google is siphoning her to objectively lower quality product, their house product. in antitrust you can show that prices have gone up but you can also show that quality has gone down which is why i think there is so much partisan support for a antitrust case against google. neil: if they're running stuff basically of yours, reviews, restaurant reviews, those type of reviews and you protest, they could sort -- we'll delist you then. you are arguing they can't do that. others are telling me they're perfectly free to do that. where do you think this settles? >> you know i would not be surprised, the reports are saying that by the end of the month we should see a historic case the same way we saw u.s. versus microsoft a year ago. that is where this case is right now. it could be seismic. i actually expect that to do a
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lot to oxygenate the markets, create a lot of new opportunities for startups in technology, make life better for consumers and businesses that suffer by google. neil: you know what is interesting about this one, you know far more than i do about the drama on the scene, it has started with the trump justice department, not saying it is donald trump's justice department, it is a justice department under a republican administration that has ample backing from both sides of the aisle saying google alphabet simply has gotten too big for its britches. do you think that is what it comes down to, a bipartisan push to rein them in? >> i agree with that take, neil. i think this is not some kind of a partisan vendetta by president trump. in fact you had folks like senator elizabeth warren before the 2016 election said there needed to be antitrust investigations of google.
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in 2011 through 2013 the obama administration looked at it, sadly they took a pass. i think the decision to close that investigation has aged poorly because google's market position just that much stronger and all of the warning signs are flashing that much brighter. so this is indeed very bipartisan. you have congress leading bipartisan antitrust investigations. 52 states and territories of attorneys general who are working alongside the doj on this case. so truly is a historic bipartisan effort. neil: it is indeed. we're going to watch it closely. i hope to have you back to steer us through what is next in that battle. luther lowe, yelp public policy senior vice president. they say that investigation propelled three-day selloff including alphabet, fell 20% down from their highs.
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♪. neil: ready for some football? it is going to start tonight. the national football league a kickoff game thursday night that would be tonight. kansas city chiefs, houston texans. all eyes on tonight. it will be a little different from what you're used to looking at in the past years. jeff flock on that. jeff, what will we be looking at? reporter: there is a line. neil: jeff, how does it look? i think we had audio issues. i had a great buildup for you, jeff. what is it going to look like tonight? okay. we're going to take a break here. this is embarrassing moment. i will gather my notes. do a little more homework on the
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♪. neil: all right. we were teasing with jeff flock a moment ago, but thursday night football resumes. the nfl resumes. it will be different than some traditional games you watched. jeff flock in kansas city, maybe to tell us how it is different. actually looks like he is in chicago. what are we looking at tonight? reporter: you were looking at me looking like a idiot. we were losing communication. there you go. moving on to football. hopefully that will go better. yeah, most of of stadiums will not have fans, including soldier field behind me. there are a number that will. six teams plan to have some fans at least in the stands for the opener, including the kansas city game tonight a couple of florida teams will, cleveland, indianapolis. i tell you, neil, if you look at the numbers of folks that will be in the stands, that is pretty
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small. not a regular nfl opening. jacksonville, 17,000 fans will be the limit there, kansas city, 16,000, miami less than that. cleveland just over 6,000 fans will be allowed there. at lucas oil stadium in indianapolis, only 2500. boy, there will be a lot of social distancing there. dallas has not yet announced what it is going to do. but they hope to have fans in there. the big losers here, not just the teams. they will still get their tv revenue but what about all of the businesses around these stadiums particularly in smaller towns like green bayh wisconsin, where the whole state of wisconsin shows up to watch a packers game. we talked to the manager of a local hotel in green bay. the young lady is with the st. berndan's inn in green bay. she did not minutes words with
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us. it sucks. we fill up every home weekend and every day consists of cancellation phone calls and apprehension. if we give you a picture of a guy you may have heard of. his name is papa bear halas. he survived the spanish flu pandemic, not only survived it, two years later he founded what would become the bears and the national football league. what doesn't kill you makes you stronger, we hope. neil: there you go. you know that was worth the wait. it wasn't your fault. we had technical problems. you know, you just came out, said, you know what, i'm going to deliver a very fascinating report. and you, you did but there is something wrong with that guy, he is not moving. so maybe -- absolutely. thank you, my friend. reporter: maybe he didn't survive. neil: uncanny read.
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didn't survive i guess. thank you, my friend, jeff flock on that. one of the things we're keeping track of, law and order which has become a big campaign theme, you notice what happened to a lot of defund police movements? the votes weren't there. they scrapped it in seattle or pared it down. efforts to do the same in new york, reappropriate funds never came close to roughly billion dollars they were toying about with something much more tame and much more sort of vague. the same in chicago, minneapolis some others the talk had been getting rid of the police department the all together. never happened. a former chicago police superintendent says be careful what you wish for, you might get it. all of the ensuing violence got people to rethink that, including the democratic ticket which talked and warned about some of the violence that ensued since some of these protests.
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gary, good to have you. what do you make of that? it is remarkable we were on the verge of seeing police departments around the country pared down to size, some like in minneapolis where they wanted to eliminate them. i don't know specifically minneapolis where things stand but l not eliminating them. what do you think? >> first of all it is an insane concept. it doesn't mean we don't need social services. some of my best projects were enforcement initiatives that were backed up with social services, cleaning up graffiti, covering over potholes and fixing street lights and things along that nature. but i think, this really goes back to the democratic party and, quite frankly, if you look, recently, the fop endorsed president trump here in chicago and i don't know if a union leader, and i'm afraid to say, a police leader, who wouldn't be leaning in the same direction
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based upon what's happened in the past as far as democratic party and policing. tom perez, the head of the dnc right now, was the individual in charge of the civil rights division under president obama and for eight years they went out of and investigated police departments with a platform, it was predetermined what was going to happen. they very proudly proclaimed that they were going out and doing more investigations into civil rights and police departments across the country than any other time in the american history. and tom perez -- neil: do you have a sense, do you have any other sense though, gary, for example, joe biden were to win, way too early now, we still have a lot of time, couple months, still time time to the election, if he were to win, former colleagues, present friends and would they be worried about that? would that be a green light to
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continue zeroing in on the police or encouraged by comments joe biden made this was not the intent of the original protesters to be violent and that he spoke out about it? or do they think that is too little too late, and they don't think they would have a friend in the white house? >> first of all i know and like joe biden. i have met with him on a number of occasions and his reputation was as a big supporter of policing. however he was the vice president of the united states when the attorney general of the united states went to ferguson, missouri, after the state's attorney painstakingly detailed why we did not indict the officer who shot and killed michael brown. eric holder went to ferguson as the head of the justice system in this country and said, we can never let this happen again. this was a travesty. i mean the system ran its course and they didn't like the result. and i think the seeds of
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discontent we see were sown at that time. that is empowering criminals and hurting the police ever since then. it was backed up by 28 investigations that all found the same exact thing every time they did that investigation. bad supervision, poor training, systemic, you can't do 28 investigations and find the same thing every single time. it is impossible. neil: thank you very, very much. we'll see what happens. still aways to go to election day. you're putting this front and center along with your colleagues and friends has taken some teeth out of defunding efforts. can't say they're gone. they have certainly been muted. we'll have more after this d etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. with the icon that does the same.
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♪ ♪ neil: all right, yesterday's news that astrazeneca was pausing potential vaccine development because one individual got pretty, pretty sick did give people some reason to fear that a vaccine candidate could be pushed off into next year. many of the biggest pharmaceutical concerns have said you want us to do our due diligence and make sure we get it right. timing is everything, but doing it right is everything as well. and the collective use seems to be that pause isn't the end of the world, a potential delay in the vaccine that a president and
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others said could come as early as october, november, but there are many other entrants racing to do just that. edward lawrence has been handicapping a a lot of that, hearing others speaking on capitol hill. what's the latest? >> reporter: neil, there's a number of candidates that they are looking at. dr. anthony fauci today saying that, telling a group, this was a discussion led by harvard saying he believes that november or december we will know if we will have an effective or safe vaccine for the coronavirus. he says that he trusts off the doctors who are leading these studies in universities around the u.s. still, as of yesterday the pfizer ceo says his company will have enough data to submit for approval in october if everything goes well. now, fauci admits that the virus is as, more infectious than first thought, telling the story of 1 person who infected 87% of choir at one practice. he went on to defend the
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shutdown that's happened, adding that it definitely prevented a substantial number of cases. on the vaccine itself, the fda will approve it. the agency mandate said the studies have diversity as well as the vaccine be at least 50% effective to apply for approval. >> we need to make sure that the sea of new treatments we'll get the right drug to the right patient at the right dosage at the right time. >> reporter: fda commissioner speaking in washington here at the economic club of washington, says he will not cut corners. having a vaccine this year, the next issue deciding who gets it first. the u.s. surgeon general is giving a clue into that. listen to this. >> health care workers and front-line workers should be first in line because they know they're most likely to be exposed and most likely to spread. behind them it's looking at who is most vulnerable and using a scientifically-driven and data-driven process to determine where that vaccine-the biggest
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impact. what the american people need to know is that we're thinking about this now. >> reporter: before we get there, we are learning more about the as a that zen ca trials. this is actually the second time the phase three trial has been halted. it was halted in july because the patient had an undiagnosed multiple sclerosis that was not caused by the vaccine. now, in the latest phase -- the latest pause, the person has spinal inflammation, and the company and an independent panel trying to investigate if that was caused by the vaccine or not. health experts ranging from anthony i fauci to the white house coronavirus task force says the science will prove the day here, and as the science goes forward, a effective drug will be -- or the vaccine will be safe and effective because the science is what's being relied on here. back to you. neil: we certainly hope so. edward lawrence, thank you very much, in washington. we've been monitoring the new york city mayor, bill de blasio,
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he's been speaking today about indoor dining returning to the new york city area on the 30th of this month. take a listen. [no audio] neil: all right, i apologize. but that's what he said. he did say he was optimistic. the fact of the matter is there's a soars issue as to whether -- serious issue as to whether people will show up. right now there are 15,000 vacant rental apartments. we have not seen that in close to 45 years in the city. that could be a sign that things are still tough in manhattan and getting tougher. jackie deangelis on all of that. >> reporter: good afternoon to you, neil. that's right. when it comes to new york city, this has definitely been one of the places that's had a a harder time, a slower time trying to recover from the pandemic, and it's not just the virus, it's also the crime and the dysfunction that has followed in the city as well. new york finding itself with two
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problems here. the residents are fleeing, and there's this tanking real estate market that you mentioned and also reopening businesses and those dining establishments, that's so crucial to us getting back on our feet. on the first issue, the real estate, in august more than 15,000 apartments in this city are vacant alone. it's a record, and that number has more than doubled over the last year. now, a lot of blame is is being placed on mayor de blasio for undoing a lot of the positive changes that we saw from mayors giuliani and bloomberg in just a matter of months. on the dinning front, governor cuomo if has been pushing to reopen some of the restaurants. he's now saying that indoor dining can resume at 25% capacity on september 30th, but bill de blasio still seems really worried about that. listen. >> expressed concerns consistent to the state about indoor dining with restaurants, we've
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expressed even deeper concerns about bars and nightclubs. if restaurants have been a challenge around the world, bars and nightclubs have been a profound problem around the world and the cause for so many resurgences, and we're just not going to allow resurgence here if there's anything we can do to stop it. >> reporter: in a lot of other places, neil, indoor dining capacity may be 50 percent, for example, but even at the 25 percent percent we're going to see in new york city, there's a laundry lust of requirements that the restaurants have to abide by to be automobile to open, and the governor also said if coronavirus-positive cases get back to a 2% rate, we're going to have to immediately reassess. that's what he said. back to. neil: is it me, or he knows de blasio is happy about it, wait a minute, you're too excited about this -- >> reporter: yeah. we'll do something about that.
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neil: yeah. thank you very much, jackie. in the meantime here, we told you already are about all these economic concerns locally e and across the nation, but they are getting better. jobless claims in the latest 884,000, we have steadily kept them under a million, but again, those would be record highs at any other time. the trend, the administration likes to say, is the friend. but is it? some of this momentum begins to show on the jobs front. irina is the career builders ceo. big cheese. gotta get your take on all of this. looking at it, we're encouraged that the ago aggregate numbers are improving, but the pace of that improvement is slowing. are you worried? >> yeah, neil, there are definitely some positives that we should highlight, and it's the fourth month of consecutive decline. we're about 43% down from the peak that we were at 14.7%, so we've definitely made strides in the right direction. one of the things that we're looking to watch for in
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september and october is that july and august a numbers benefited from government hiring. so one of the things that we're cautiously optimistic is that in those numbers is we actually saw are tail trade starting to move -- retail trade start moving in the right direction, leisure and hospitality with momentum, and overall the u.s. has had the strongest job are cover even though we still have a long way to go versus some of the countries around the world. neil: you know, it's hard to draw a relationship between the improving numbers9 and the expiration of those federal unemployment benefits, the $600 a week ones, some were attributing it to that, that that has sped up this rehiring process or at least folks going out and trying to get themselves hired. what do you think of that? >> it's definitely helped. one of the things that we saw with a lot of the front-line covid industries that were trying to ree open is they couldn't find any applicants to get to work.
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and so one of the things that we saw as a really big pick-up in august is the front-line, the retall, hospitality, restaurants that a lot of the unemployment checks and the benefit of that as they ended, we saw a lot more people ian coming to careerbuilder.com, the two largest group age demographics that we saw coming to our site was the 18 to 24 was a really big with spike and, actually, over 65 as well. neil: i'm curious what are bosses doing to woo people back? especially to woo this many back into the cities if they're not -- them back into the cities if they're not accepting them working out of homes? i i know many of them are, but they're leery. what are they doing for them? >> it's a channel because if you look at the other side, one of the things we're seeing is 70% growth in candidates surging for work from home jobs. so asen employer, that is tethered to specific regions. they're left really with driving
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around culture, talking about the employee base that they have, making sure they're hiring diversity and really talking about their own brand, the company's values, mission and highlighting what the candidate can get by working at the geographically-tetherrerred location. it's really about pipeline building and making sure they're building a talent pool that they can then access as they need and as these quick hiring opportunities will emerge for them. neil: all right. we'll see what happens on this. irina, very good catching up with you. continued success yourself. you've been an uncanny read in a lot of these trends that we've been seeing, optimistic before other people were. thank you very much, the careerbuilder ceo. we have a a lot more on this, scott martin on the economic impact. the jobs are coming back. they might not be coming back at the rate many want to see, but wall street seems to like what it's seeing. these are times for the markets, the market's having a tough go of it, back and forth today.
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what do you think investors are chewing on? >> yeah. neil, the market's trying to figure a lot of things out here. certainly kind of the elephant in the room is the vaccine. the vaccine news on the surface is great but, gosh, man, i mean, you look at some of these polls, and you got a thinker of americans, maybe even finish a third of americans maybe even half saying they're not going to take the vaccine, yet the pandemic is a bug enough deal to keep them from going back to work and restaurants. that's a bit of a head scratcher. i think the market is starting to realize it may not just be as simple as a vaccine coming through to kind of get past this malaise we've been in. and also, to your point, with some of the previous deaths, the data has come back on employment, on business confidence, but the pace of that growth on the way back here is slowing just naturally given that the snapback has been so strong. so i think the market looking forward is wondering, okay, where do we go from here? and, yes, things are going to
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get better, but the pace may, indeed, slow. neil: you know, scott, when i get ready for you, since you're such a smart guy, i actually do a little homework. not too much -- uh-oh. neil: but here's the one thing i find that's really weird about the markets, they welcome stimulus. they welcome aid. they welcome anything the government can spend to keep the party going. they welcome the federal reserve as a backstop no matter who wins this election, because, you know, just throwing money at it. and that's weird. because i think in the beginning the markets were sort of like a laissez-faire institution. i get it, i know what happened during the meltdown when they needed their own fannies rescued, but it's now built into their equation that stocks don't go up unless there's a sign more stimulus is going to go out. whether it's from the federal reserve, whether it's from congress, it's just weird. what do you think? >> yeah. the market doesn't like the government around, neil, unless
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the government's going to shovel the money in. [laughter] it's kind of a funny -- neil: that's right. >> -- thing now too because were all these talks out there, man, about more stimulus, more help from the fed, more help from the treasury department. you know, art laffer was talking about it on our network earlier this morning about i think, and i agree with him, we've got to let the stimulus that's out this percolate. i mean, west virginia got trillions and trillions of dollars out there working through the system, and it takes some time for those things to kind of get to where they need to get as far as the dollars. i believe it's good for the market here to kind of take a little bit of a break. it's good to see some days when we get some pullbacks and some draws when we get some rallies to realize maybe some of that stimulus, you know, because it does take a couple months to get it through the system, get it in the right hands, get the business confidence going again, and then maybe at that point we can take a breathe and say, oh -- a brent and say, okay, do we need another stimulus bill? getting the government out of the way one way or the other and
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telling businesses how thaw need to behave, telling consumers how they need to spend is really what i think is good long term for the markets and the economy. neil: well said, few young friend. by the way, you're not getting social security, but i'm close enough -- >> you can have mine, i guess. neil: well, you're so wealthy -- [laughter] thank you, scott martin. thank you very much. all things market-related. isn't that weird? these are different times, i guess, but everyone wants the government, everyone wants the federal reserve doing its thing so they can do their thing. there was a time when we didn't look to that. but that is that today. technology stocks are coming back today, so something that is pucking up steam and certainly reversed itself yesterday, that's one constant that remains in effect today. ♪ ♪ so you're a small business,
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your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. neil: all right, still following these deadly wildfires out west, particularly in fez know county. mark -- fresno county. mark johnson joins us, the fresno county unit chief out there. mark, how are things looking today?
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>> good morning, neil. we're finally starting to see a little bit of progress made on this creek fire. we're starting to turn the corner on some of our areas, but it is still a major uphill fight. neil: you know, i was noticing how fast these fires have been moving. i know the one in the sierra national forest had a 15-mile-a-day clip for a while, the other one was running at a 25-mile-a-day clip. how do you even stay ahead of something like that? >> well, we have been seeing very extreme burning conditions. california was already in the start of a mild drought, but the conditions that we've seen over this summer has just exacerbated the problem. and we had wind come up to affect it even further. once you have a 20 to 25
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mile-an-hour wind, you pretty much just have to stay out front, give the approximate that you can for the infrastructure and let the fire do what it will do until it calms down a little bit. then we reengage behind the fire front and try to save as much infrastructure, as i said, as possible. neil: now, i know your men and women have urged people who are in the zone of these fires to abandon their homes, but many have not, and that obviously complicates your efforts, doesn't it? >> yeah, absolutely. and, you know, we ask people when they are given an evacuation order, that they do leave. even before that when they get the evacuation order, we ask them to please pack up their animals, get their important papers, get their med cautions that they may -- medications that they may need and leave the area because the last thing the fire department needs to worry about when they're trying to suppress a fire like this is also rescuing people once they've decided maybe they should have left. and we will certainly do that to
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the best of our ability to get people out of there, but we need the public to also work with us and be proactive and leave the area. and we will do everything we can within our power to save their property, their e homes. and, you know, we just need them to get out of the way. so it's one more thing we don't need to worry about. neil: yeah. you got your purities right -- priorities right, life matters before home or possessions. i am wondering, too, about mother nature and whether she will cooperate. you need rain in a lot of these areas, very little of it. i know this all started in the mid old of a -- middle of a drought. what are conditions looking like today and the next few days? >> you know, the weather's moderated a little wit here. it's a little cooler here today, and the wind has backed off a little bit. as long as we get ad good lift on the smoke, we can get our aircraft to engage directly on the fire's evening, and we will definitely, edge, and we will definitely go to work and show some progress over the next 24
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hours. we basically have just been reacting since it started last friday night. and, you know, things are looking hopeful. i'm seeing some good progress being made out there. we're saving a lot of homes, and, you know, with want to get the people back to those homes as soon as we can, so we're working diligently at it and making a lot of progress. neil: that's good to hear. i know you have very little sleep, chief, but we appreciate you taking the time. you know, you guys head into these things when everyone is trying to run away from them. that always amazes me. mark johnson, the fresno county unit fire chief, keeping track of all of that. sometimes there are staggering statistics, but there are roughly 12 million homes in the astronaut of california. 3 -- state of california. 3 million of them are at risk from these wildfires. so one out of four in danger of being burnt down. we'll have more after this.
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neil: you know, football returns tonight. i'm old enough to remember when it was a big deal, they had "monday night football," the days of frank gifford and howard cosell. none of those names are ring aring a bell for those of a certain age. but that's okay, i'd like to protect this elderly perch, but as you know, it's expanded to thursday night, and that's kickoff for the football season this year. john, tell me how it's going to go down tonight, and then how you think the reaction will be in the stadium that won't be filled, but they'll have people in there. just about a quarter of the normal crowd. what do you envision? >> well, neil, thanks for having me. it's great to see you back in the command chair. finish i'm really excited because the nfl is back tonight. finish and at my house, that stands for netflix finally
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leaves my tv sets. [laughter] it's going to be a great night. there's not going to be, obviously, there's only going to be about 16,000 fans, 22%. the weather is, you know, going to be a little dicey maybe with some showers, but i think that's what's damperringing the secondary ticket market. the tickets are really going for around face value from what i'm hearing from the club executives. but i think it's going to be great to finally have football back on tv. neil: now, it'll also be different on the playing field as the chiefs and the texans go at it, right? the chiefs are recognized as the super bowl champs, they're trying to defend their title this season. but the crowds will not only be sparse in the stands, on the field, right? no cheerleaders, mascots, not nearly the number of personnel on the field. explain what's going on there. >> that's right. the nfl has gone through some changes in their pregame
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protocols, in their travel protocols. instead of 110 people traveling on the plane, it's limited to 70. they're giving the owners three passes per team as opposed to, you know, you've probably seen a lot of games where there's a lot of sponsors and business partners of the teams around the bench area pregame. and you're right, no cheerleaders, no mascots, a lot of the pyrotechnic-type introductions, all of that has been, let's say, cleansed from the playing field. so they're really doing a great job. they've created 32 bubbles, if you will. so like the nhl went to canada, nba, obviously, is in a bubble in orlando, the nfl has kind of created 32 individual bubbles. i think the issues, if we have any, are going to be, you know,
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after -- obviously, they didn't have any preseason games which was a brilliant decision, and we should go in good -- be in good shape for week one, i think it's going to be week five, suggestion, marley when you get into flu season, how does that penetrate the bubbles. for week one, yeah, it's going to be difficult. we're going to have the great tom brady playing drew brees on fox, and it'll be an empty superdome. not sure about that, and the cowboys are going out to l.a. on sunday night football to play in the new $5.2 billion sofi stadium, and that stadium will be empty. so it's going to definitely be interesting and how does that impact the ratings, you know? is there less of a fomo, fear of missing out, factor when you're watching games with no fans in the stands and that magnet and that attraction, does that
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impact ratings as we move forward. neil: good. john, is in your office you're coming from? >> neil, it's a replica of my office, but obviously we have a lot of screens, but confidentially -- and your bud duh charlie gasparino can attest, i'm actually coming to you from my man cave. so i have a lot of -- neil: wow, that's a hell of a man cave. you've got multiple monitors. i'm glad i see fox on -- >> well, of course. neil: i see a number of competitors on. do you screen us before we go to you? >> well, i'm getting a little nest now, i might be concern nervous now, i might be in trouble -- [laughter] neil: no, that's state of the art. >> i only listen to you, but i get to watch six football games at the same time. so it's beneficial for business. neil: yeah. when we go to gaspo, he's in his
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kitchen, and he's making marinara sauce, so this is a step above that. john, best of luck, enjoy this evening. we look forward to it. go ahead. >> that's right, neil. i'm just glad gaspo got that dry cleaning off his closet handle behind him, you know? he looks like he's cleaned up. [laughter] neil: yeah. he's making a host act talk about. all right. >> tune in tonight. neil: all right, john. we'll look forward to the game. got it. very much. a little birdie told me that fox sports casting is also covering other games here, so all the more reason to watch it. that's up to you, you can do what you want. ♪ this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology
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here. i'm not saying that the protests aren't still worrisome across much of the country right now, particularly in places like rochester and, of course, we've been reporting day in and day out on cities like seattle, chicago and all these other hot spots, but they're a little less hot right now. you hope that lasts. the president says because more national guardsmen have been brought into particularly the problematic cities. dr. alveda king with me now on the significance of just everyone calming down, listening to the other side can't be lost on people. alveda, always good to have you. you know, when i think about the violencing your family has encountered, your own dad and what you experienced growing up and everything else, i think it rings more powerfully coming from you to say, everyone, dial this back than it would be someone like me. and yet the two sides talk past
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each other. what do you advise? >> neil, i'm on the street in decatur, georgia, today and the streets are pretty calm, but we've had our share of violence and rioting here in georgia. we're right outside of atlanta. so i know that these are really troubled times. and so between covid-19 and the street riots, people are uncertain, don't know what to do, don't know what to think. but i still encourage everybody, neil, to think about those things that are working for us, those things that are good. for example, when covid hit, we had the strongest economy that existed in modern times here in america. and so the economy is actually turning around. people are beginning to be healed, there are less depths. people are recover -- less deaths. people are recovering from covid. we want to look at what is working for america.
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and america working for us. we've got a president that's trying, yeah. neil: but, you know, alveda, when blacks are polled on the subject of systemic racism, thaw automatically -- i believe 8 out of 10 -- feel it is alive and well and danger and a threat. whites polled on the same subject, fewer than 2 out of 10. >> yeah. neil: what explains the difference and the reality? >> neil, there is system you can racism -- systemic racism. it does exist. however, sensitivity training telling people how to talk to each other and how to speak about each other, that has not worked in all these years. all the money thats' been spent has not worked. we all need to say we are human beings, we should have human dignity. everybody should be safe, everybody should have a job. and so if there is sensitivity training, you need to listen to my granddaddy, daddy king, and
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say, or hey, you need to listen to few uncle, or martin luther king and live together as brothers and sisters. we have to see each as a human race. it's not rouse. so fighting over skin color is not making sense. and just telling them don't call me black, don't call me cracker, don't call me negro, don't call me white, call me, get me a job. get me out of jail for bogus charges, reunite me with my family, let me pray if i want to pray, let my children not be scared. that's what we have to do, neil. neil: you know, alveda, i know you are a supporter of donald trump. your cousin, martin luther king iii, the oldest son of martin luther king jr., when i spoke to him a few days back, he was saying that the tone is not conducive to dealing with these
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issues. i want you to rea act to this. this was from a few days ago when i was talking to your cousin. it's a delicate balance, and many bond e or where your dad would stand looking at that today, where you stand on that. does it e rate the message of -- erase the message of all these people protesters, you, your family? >> certainly my father said that riots are the language of the herd, and he never condoned violence. but he did have an understanding of why people sometimes are pushed to conditions where they feel that they must engaging in violence. >> well, neil -- neil: that wasn't the bite i thought. that wasn't the bite i thought, alveda, but what he was saying was the language the president uses can sometimes make it very difficult to get past it. finish what do you think of that? >> well, listen to me. we know that the president can
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speak as a businessman in matters of this and that and all of that. i want to say that my family, we're all very close when we don't agree, but we pray and we work it out -- [laughter] but at any job sometimes, my boss may not have the nicest, most pleasant terms and might not say whatever, but when they write that check, i take it to the bank. as long as they to not disrespect me, try to punch me in the face and things like that, it's time to grow up. somebody's phone should be good, but i try to have a good tone. i try to read the bible and pray before i talk to people. but president trump gets results. historically black colleges and universities, people getting out of jail, being reunited with their families, the unemployment was really low when covid hit.
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he's produced safety and the pursuit of happiness. that's not what we really want. it's not about a personality contest, who smiles better. joe biden has a nice smile, but he believes in killing babies, my god, in the womb. we're not talking about tone. this is not a beauty nor a personality contest. this is about having a strong, healthy america for everybody regardless of skin color and human dignity. neil: dr. alveda king, it's always good talking to you, whether we agree or disagree. i've heard from your other relatives when you get together at thanksgiving, you not throwing food at each other -- >> we're nonviolent. we don't beat people with turkey legs. we're nonviolent. [laughter] neil: great chatting with you again. be well, be safe. dr. alveda king, multiple best selling author just trying to step back and saying whatever your politics, calm down. calm down. phil keating in miami, florida, right now. that state has turned into a
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real battleground pressure cooker, and right now with kamala harris planning a visit today and soon joe biden, expecting multiple stops in the sunshine state. do we have phil keating right now? >> reporter: neil, can you hear me? neil: i can, i apologize. >> reporter: yeah, senator harris and her husband -- it's all right. they landed here in miami just about two hours ago for a long day of campaigning and fundraising in this critical battleground state of florida. she'll be hosting a round table discussion in about an hour from now here at florida memorial university, an historically black college. the event billed as a conversation with african-american leaders. she did a similar round table monday in wisconsin, also a key battleground state. while harris does that, her husband -- an entertainment attorney -- will be meeting with
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rabbis across town. both will be talking and listening to the issues important to black and jewish leaders. all of this previewing former vice president joe biden's planned florida visit on tuesday. that will be his first visit to the sunshine state this year and since the coronavirus pandemic began. biden slammed the president on him yesterday after tapes from trump's interviews with bob woodward revealed he downplayed the virus threat to the american people. >> he lied to the american people. he knowingly and willingly lied about the threat it posed to the country for months. he had the information. finish he knew how dangerous it was. and while this deadly disease ripped through our nation, he failed to do his job on purpose. it was a life and death betrayal of the american people. >> reporter: florida's 29 electoral college votes are actually the biggest prize in the march to the white house of all the battleground states.
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president trump four years ago beat hillary clinton here very narrowly, by 1.2%. and according to real clear politics polling average today, joe biden leads donald trump by exactly the same number, 1.2%. neil? neil: here we go again, my friend. thank you very much, phil keating in miami on all of that. this has been, by the way, the democrats, as expected, blocked that republican huttinged-down -- whittled-down coronavirus aid bill, the latest in the economic stimulus talks where republicans want to spend less, around $650 billion. democrats saying that's not going to do. there are other procedural e votes here. suffice it to say that it fails and the log jam continues. we'll have more after this. ♪ muck. ♪
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news when citigroup announces that a woman is going to fill that top job. charlie gasparino on the significance of this. >> yeah, it is a big story, neil, and it's a first among the major new york-based banks or major banks, as they say, money center banks. jean -- jane fraser, it was not so much a surprise move that this will happen. we should point out that jamie dimon of jp morgan, a big rival of citigroup, has a wanted to appoint a woman ceo. of he's announced plans for that as well. but the timing was kind of interesting here. people didn't expect it now. mike horvath has two years left before retirement, usually you stay for those two years. so there's a lot of chitchat as
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to why this happened now, and i think it boils down to two reasons. mike hour did a good job -- horvath essentially managing citigroup, it was in big trouble during the financial crisis. it needed multiple bailouts. mike corbat steadied the ship, they kid not have major financial problems. one problem he did have is a lagging stock price. you know, there was a reverse split on the stock. citigroup stock is trading at $50 a share roughly now, but it's really $5 a share. when he took over, it was above $30, really $3. you see what i'm saying, the stock the underperformed and particularly when compared to other major banks. and he received some criticism for that. the other thing is a rot of people think -- a lot of people think this is citigroup saying it wanted to be the first in this race to appoint a qualified woman ceo. and ms. fraser, apparently, is very qualified from people i
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speak to, very well liked internally, really smart, you know? they're not, they're not -- this is apparently from the people i speak to, this is a move that is replacing competence with competence. and they become the first woman ceo beating out -- first firm to appoint a woman ceo, major firm, beating out jpmorgan. so those are the two overriding factors there. citigroup has not provided a reason exactly why corbat resigned now, but i think the two, the two issues i laid out -- stock price and, again, given the times and given the competence of jane fraser -- this was probably the time to do it. neil, back to you. neil: all right. charlie gasparino, thank you very very much on that. the dow down about 175 points right now. a couple of things we'll be following up on is imagine getting arrested for going to school. not skipping out on school, but going to school. the unusual case that has now
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garnered international attention because this cud didn't want to make -- this kid didn't want to make it virtual a classes, and now he's virtually getting fingeredded by the law. after this. ♪ ♪ i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪ . . . . apps are used everywhere...
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sacrificing one's education and sports and extracurricular activities over it. neil: remember when a truant officer tried to skip out on school and would track you down and you know, threaten you, your parents, anyone, maybe even try to put you in jail for trying to skip out of school. this young man is getting a rot of international attention right now in the middle of this covid-19 virtual class training. he wanted to bo in person to classes. so he walked to school and wanted to be there for in-person classes. turned him around. came back very next day. did it again. we'll talk to him right now on this situation later on 4:00 p.m. eastern time, to understand the fuss he is making here, simply because he wants to go to in-person classes and they're telling him you can't. we'll be talking to him. the significance of this because a lot of kids who want to get back to school, not just at the high school level, colleges,
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universities, seeing that spoiled for them, certainly at higher level, they want no part of that. they just want to learn. they want to be there for in-person learning for that. this young man has gotten a lot of attention for arguing that, even though legal authorities say you keep doing this we'll hold you in the jail. we'll be exploring all of that with him, 4:00 p.m. exclusive been "your world" on fox news. this coming into our newsroom, yet another retailer hitting the skids. century 21 officially filed for chapter 11 bankruptcy, closing all stores. followed likes of jcpenney, pier one, joseph a banks, anothers that have stepped back or fallen back, completely shutting down. continuing a theme among retailers we're simply not able to survive the coronavirus crackdown, lockdown. some doing okay. others are not doing okay. century 21 in that category.
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their losses likes of amazons, walmart's gains, target, with hefty online presence that made all the difference. i don't know where century 21 fell out on the online world but apparently not good enough to make a difference. filing for bankruptcy. sad, it happened again. to charles payne. charles: neil, bought all my clothes from there my first three years on wall street. that is all i could afford. another american icon bites the bullet. thank you. good afternoon, i'm charles payne. this is "making money." breaking at this moment, the market is trying to get the balance. the stock market, we've seen violent moves, swayed side to side. it wants to find terra firma. so what is the message of these last five trading days and what does history tell us about these sharp free falls in the nasdaq? the answer might surprise you. peloton has been a big lockdown
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