keep the money. know what it cost to be you. [closing bell rings] can you make it cost less to be you invest in singles and doubles if you already hit the home run. liz: got it. joe mclean, intersect capital. love to have you on. frein on the screen, we don't have it. a lot of red. that will do it for "the claman countdown." connell: the number of jobless claims sparking concern about the economic recovery. we do end up down for the day. we'll go through it. i'm connell mcshane. melissa: and i'm melissa francis. this is "after the bell." major averages closing off the low of the day. the dow snapping a four-day winning streak as you can see there. the s&p and the nasdaq in the red for the second day. we have fox business team coverage. blake burman is live at the white house, gerri willis is following markets, edward lawrence is in d.c. gerri, we'll kick it off with you. reporter: all major averages

here all three of them in the red today. as you just saw the dow finishing down 130. the s&p down 28, the nasdaq down 140. we were concerned it was going to slip further into correction territory. did not do that but not by a lot, my friends. what was going on there? big tech, momentum stocks having the most trouble here today as we start to think about the recovery, is it real, what's going on with the concerns that the improvement in the economy may not be what we need? the momentum stocks, apple, amazon, you're seeing them here on your screen, microsoft, google, facebook, all down more than 2%. there are big concerns about valuation. are the stocks too rich. they led the downturn today. they are extending declines from yesterday. i should mention here tesla snapping a five day winning streak. that is not nothing. what was at the roots of concerns? concerns about the recovery. weekly jobless claims coming in.

860,000 workers filing unemployment claims. that is below one million for the third straight week. as you see from the full screen, since the shutdown began, 61.05 million folks have been filing unemployment claims. bright spot here i want to talk about because these numbers members were better than we expected but the continuing claims were even better. this real time indicator fell below 13 million, something we really wanted to see. so that is good news. we're rapidly coming into the market where what we thought was good is bad. it is all about momentum. it is all about attitude and mood. the mood not so bright today, you guys. back to you. melissa: all right. gerri, thank you for that. president trump is returning to battleground state wisconsin tonight for a campaign rally. let's go to blake burman who is live at white house with the latest. blake. reporter: melissa, a state president trump flipped in 2016, state once again wisconsin, the

president and his campaign are focusing down on the homestretch in 2020. he is heading to wisconsin, the center of the badger state this. he will be leaving white house. white house chief of staff mark meadows met with airline ceos. they are pushing for another $25 billion in help so that tens of thousands of airline workers are not fired or furloughed two weeks from today. >> they're out there putting their uniforms on, going to work every day making sure we're moving. without action they're going to be furloughed on october 1st and it is not fair. not fair to them. not fair to our country. >> we have got tens of thousands of people about to be laid off. so if nothing more, go ahead put that package on the floor and pass that, because hopefully all of us can agree that laying off airline workers at this particular time is not something we should do.

reporter: clearly here at the white house they are supportive after second lifeline for the airlines. trade association that represents major aligners, melissa, they say the airlines collectively are burning roughly five billion dollars a month in cash. melissa, back to you. melissa: wow. that's a big number about, blake. thank you. connell. connell: huge number. more on the 2020 raves. we are just 47 days away from the election at this point. joe biden holding a town hall tonight in philadelphia after securing the endorsement of the mail handlers union. fox's jackie heinrich live in philly with the former vice president. jackie? reporter: hi, there. well as the biden-harris ticket makes a big push in this union heavy state they are touting an endorsement from the postal mail handlers union. they said their workers have faced direct threats on their livelihood from the trump administration, that follows an

endorsement for harris and biden from the letter carriers union last month. so a big push happening in this state. president trump won pennsylvania by 44,000 votes, less than a single percent last section. today biden and harris are doing a multipronged effort to shore up support in different communities. biden is back in his hometown of scranton with a message for the working class. his campaign slammed president trump for tax cuts claiming they benefit corporations and super-rich. that joe biden sees the race as park avenue versus scranton. americans paying less than $400,000 a year won't pay more taxes. this election for the first time ever hispanics and latinos are the largest minority voting block, making up nearly 8% of pennsylvania's population. sell phone data by the way is helping shape the campaign's outreach. in 2017 democrats bought data

from 100 million users. they found a lot of puerto ricans here in pennsylvania who need after hurricane maria. listen. >> we wanted to identify maria refugees. people who were forced from the main land. as you know many people left with the shirt on their back and they're proud 787 area code. we hired bilingual, bicultural organizers in key parts of pennsylvania. we found almost 80,000 such cell phone numbers. reporter: harris' event is at non-profit. puerto ricans can't vote in presidential elections as a territory. in residents of other states they can. that will be a whole new variable in this 2020 election. connell: jacqui heinrich covering the biden campaign. melissa. melissa: here to react to a lot of that story, steve moore, economist at freedomworks. i want to drill down on the

piece about the post office for a second. of the post office amazingly has become completely political in the election cycle. you see it making news that the postal workers union has gone out and endorsed joe biden. let me show you a graphic that puts it simply. let me show you the return to sender. unfunded liabilities of the post office are double the revenue. i don't know if we have the graphic for everybody, $143 billion unfunded liabilities. there it is. versus the revenue. steve moore, this shows you that the promises made to past workers in the form of retirement pensions, health care for the rest of your life, all of these kind of things it, would be great if the post office could afford that, but that is double what they are making. what is the solution for the post office to a problem like this from an economic perspective? what's the solution? >> melissa, well a couple things. when i listened to the numbers

you're reciting i think about places like the state of illinois that has the massive pension benefits. it is amazing, isn't it, how the governmental institutions made the promises to workers that far, far exceed what these states and their taxpayers can afford to pay. look, the mail service is in a rapid state of decline as we use more, more email and electronic mail for delivery of things and so it's, i think we have to have the government adjust to this new normal. which we'll continue to see the postal service shrink in terms of its size and influence on the economy. it is not surprising, melissa, that you have got the postal service workers who are lining up for joe biden. the strongest group of americans that are in favor of the democratic ticket going back for the last 40 years is government workers. of the government workers are in favor of democrats and by the way that is one of the reasons, if you look, melissa at the

nancy pelosi bailout plan, she wants a trillion dollars for government workers and for politicians because that is their first priority. republicans should make a big issue out of that. republicans are for private sector businesses and workers and democrats are for government. melissa: but when we talk about -- because like you said the problem is going on with the post office right now is emblematic of local governments and all kinds of places everywhere. you have different states, municipalities begging for money right now because they have liabilities as well they have no hope of paying. so they try to blame the pandemic, saying we need money, but really what they want the money for is to deal with the huge promises they have made in order to get elected, that can never be fulfilled and the buck is just passed from politician to politician. president trump has stood up and said, when it comes to the post office we'll have to do something about this because these municipalities like post office, like gm, ford, all the

other places would go bankrupt. everybody would have to take what we call a haircut to what you've been promised. yes you have been promised this. but that was a lie. we're really sorry you were lied to. time to face up to that, to recognize what actually can be paid because the company is going out of business. government entities are able to kick the can down the road by not admitting it's a lie and just running in the red forever until the whole thing catches up. the postal union would like, they're endorsing joe biden because he will keep the lie going and the president made noises like he won't, although, you know we haven't really soon the rubber meet the road in this case, listen, you have to shake off this debt that you're never going to be able to pay. i mean is the solution for the post office to go bankrupt? is it, you know a a reorganization where you have to acknowledge these things will not get paid? or do we hope one day for some reason the post office discover

as business where revenue goes through the roof and suddenly they can pay it? >> well, that is a tough question. look, when i got to washington 30 years ago, melissa, one of the first projects i worked on how we could privatize the postal service, make it a private institution, not a public institution. people back then said, we have to have a government-run postal service to have people get packages delivered, mail delivered to them at their doorstep. i was thinking when you were talking, melissa, we have companies like amazon, fedex now, i can order something online right now in the next half hour and guess what? amazon will deliver that to me in the next couple of days. we have to really wonder why it is we need a postal service anymore? we have private delivery services that can provide the kind of mail delivery and let's make the postal service compete. competition is a wonderful thing, isn't it? it lowers prices and the problem is we've got this monopoly of

the postal service for such a long time they have become fat and inefficient. i think we just have to look at this as a 19th century industry we're trying to hold up in the 21st century america. so yeah, i think the solution is -- melissa: along those lines -- >> go ahead. melissa: go ahead. melissa: i was going to say along those lines you're saying we can't keep the business going the way it is. in fact a federal judge we're getting breaking news, temporarily blocking the united states postal service from making operational changes that states say threaten the timely delivery of election mail. so even these tiny changes they were trying to put into place like fewer mailboxes, putting a limit on overtime, those sort of things to try to control costs the judge is saying absolutely no we can't do that because of what is going on with the election. not that those changes would have made a big enough difference to really bite into what the problem is here anyway, that is another thing it is not

operating like a business so they will never get tear arms around it the way it is. steve, thank you very much. we appreciate your time. connell. connell: melissa, you heard the phrase go big or go home. president trump telling republican lawmakers to go much higher on relief payments to americans of the he says he is getting closer to a deal. that's the backdrop as we bring in edward lawrence who has been covering these talks, relief, stimulus talks. joins us live from washington with the very latest as we know it. edward. reporter: connell, the chief of staff mark meadows says $1.5 trillion would be acceptable and enough money to help the american people. this is what the republicans would like to see in a bill. you guys have been talking about it with steve moore. $10 billion in debt forgiveness of postal service is one of the things republican want. expanded unemployment $300 a week through december. $300 billion for schools to open

safely. and liability protection for businesses so lawsuits don't crush companies. pelosi is keeping members in washington over the weekend to get something done. >> take your cameras to a dca today. because you will see members of congress leaving washington, d.c. to go home and pretend like they're working hard on this particular deal when in fact the checks are not going out to the american people and unemployment benefits will start to cease. reporter: senior administration official says the last time a conversation the house speaker had to negotiate an aid package was yesterday. the sticking point continues to be money for states. so that official saying the administration is floating having a pool of money for states so state and local governments would then have to prove covid-19 losses to get a percentage of that money. so far no deal and the house going on a break. >> we don't object stock market doing well, that is for sure but why can't we spend what it takes to shore up the middle class in

our country? so again, when we go into negotiations it is about the allocation of the resources but it is hard to see how we can go any lower when you only have greater needs. reporter: the house speak irevent she was speaking was pushing the heroes act. that is something the house passed $3.4 trillion with a lot of other stuff in it that isn't related to the coronavirus. back to you. connell: other stuff, yeah. the bottom line in all of this, still no deal on the new relief package. reporter: no deal. connell: thank you, edward lawrence. melissa. melissa: the aftermath of hurricane sally torrential rain leaving the gulf coast under water. we're on the ground in one of the hardest-hit areas. that is next. plus under pressure, escalating violence across minnesota leaving small businesses fighting to stay afloat. we're live from men minn with the latest. big city exodus, why new york city top earners are fleeing the big apple just days

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torrential rain after hitting the coast of alabama and florida. now the storm is making its way through georgia and the carolinas. let's go to grady trimble who is live in pensacola with the latest. grady? reporter: melissa, the cleanup is underway in this pen cola neighborhood. boy do they have to do a lot of clean up. this is the dock in a bay and you can see the fridge back there people have their work cut out for them. we're along pensacola bay, many here, the entire first level of the homes are wiped out as the storm surge moved through the area. we want to point out how powerful the storm surge was, you can see, this is a barge, it landed in their front yard here. it was attached to a bridge that was under construction. it somehow became detached from power of the shore. it actually hit a house in the process. the 98-year-old gentleman who

lived in the house. fortunately he was okay. this was scary for people that live in the neighborhood. listen how they described what happened. >> we realized it was coming here it was too dangerous and to leave. i think we'll look at that a couple months. >> it is here for a while. reporter: meanwhile hundreds of people are still being rescued from the floodwaters. hundreds already have been rescued. you can hear helicopters overhead as coast guard, other crews circle to look for anybody who still might be trapped. the concern as this storm moves north through the south, that it is going to drop more rain and that rain is going to run off into the rivers here in the panhandle area. and that will cause even more flooding in the coming days. people in this area are not out of the woods yet. melissa? melissa: grady trimble live from pensacola, florida. thank you for that. connell? connell: let's pick up where

grady left off on the rescues. owen joins us, from the "cajun navy," a team leader. the cajun "cajun navy" is volunteer group. you're across the state of alabama, probably no more than 20 miles where grady was in pensacola. what is it like where you are? >> it is kind of the same as grady was saying. yesterday we were operating out of pensacola and we were seeing a substantial amount of water. actually doing, you know, multiple rescues from apartment complexes and neighborhoods and homes along the bay and along the coast. it is just a lot of waters around yesterday and it is still here today. connell: did some, you know, i noticed that woman who was speaking to grady as we look at some of the pictures you guys shot during your rescue

missions. there were a lot of people that just didn't get out, maybe were surprised by how strong this was, how much flooding there was? if so did that lead to more rescues for you guys? >> well you know, most of the time when people are looking at storms they're concerned about wind and storm surge. off then times the amount of rainfall gets left out of the equation or overlooked. while this storm had a pretty good storm surge the rainfall is really what did it in. it put a lot of that water here and so i think a lot of people just didn't realize or recognize the severity of that rainfall. what that meant in addition with that storm surge. i don't think as many people left as probably would have if the storm surge had been a little greater or if the storm was labeled as a cat-2, cat-3 based off the winds. it definitely made for a little more work and some people that normally wouldn't be here were definitely still here but that

is why we're here. that is our job. we're here to get them out. that's what we did. connell: you guys do great work as i mentioned in all of these storms. been known for it for some years now. those homes we saw, some much them in the video that was shown, maybe some businesses as well, are they, even if the structures were not knocked down as they might be in a bigger wind event are they pretty much some of them you can't go back in because the first level has been hit with so much flooding? >> well, that's kind of hard to say at this point. obviously anytime that you have a substantial amount of water in your home, it is not good. nothing about it is good. and you know, our jobs are to go in to get people out and not really do structural assessments. i would say that, yes, there are definitely a lot of homes that will no longer be liveable and there will also be some that will be salvageable through insurance. people start to figure that out in the days to come as the water

starts to recede and they can get back home and get insurance adjustors there to start that process. connell: good point. you i'm sure have been busy as busy can be. we're almost running out of letters in the named storm season. they have to go to the greek alphabet pretty soon. what's it been like for you and your team and what is the plan after this one? is there one? >> yes. it is very busy. we were in lake charles for laura, what was that 2 1/2 weeks ago and very, very busy there with land rescues and chainsaw work and clearing roads. i think i was home for all of about six days. and then i was being deployed to come down here for sally. our plan for the future is to plan that we always have. during hurricane season we stay prepared. we have constant and regular meetings, watching the weather in the atlantic what is coming into the gulf of mexico.

we start planning for storms you know, three to five days at least ahead of time. and so that is what we're going to do. when we make our way home from here. it will be time to regroup, refuel. get some rest. make sure our assets are in order and make sure we start preparing for the next one. connell: anything running short on supplies or anything like that? i'm sure it is a challenge to keep everything up and running especially running out to another storm which you might have to with all those atlantic basin storms we're following, right? >> yeah. it is definitely more challenging, the more consecutive storms that you have, pulling resources together pause we are and all volunteer group, which is one thing that i love but also our people don't get paid to do this. this isn't their job. we have people sacrificing work time, time with their family to be here but we have an amazing group of volunteers who are willing to sacrifice, be a part of this organization and serve their community and so, it is

not a problem that really bothers us because our people are willing to step up and do the job. connell: that last part is what's really so remarkable. all volunteer. the "cajun navy." owen, thank you. owen is team leader with that group. a busy man and will continue to be. melissa, over to you. melissa: a common household cleaner has been found effective against covid-19, really? it is not sold out everywhere. the epa is adding clorox' pin-esol, to the list of products that fight the coronavirus after testing from a third party laboratory revealed the disinfectant was effective against the virus with a 10 minute contact time on non-hard porous surfaces. don't inject it. kidding.

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♪. connell: to the important political state of minnesota now where business owners have been left reeling. officials estimating that more than 1500 businesses have been damaged during recent riots and looting. the violence sparking new questions about the 2020 race for president in this swing state. hillary vaughn reporting live now from minneapolis with more. hillary? reporter: [inaudible] connell: looks like we're having a little bit of trouble with hillary's shot and or her audio. we'll try to get her hooked back up. take a quick break. get back to that. melissa. melissa: meantime a city in disarray. the nation's biggest school district halting plans for in person instruction just days before reopening. amid new signs of an impending exodus from the big apple. this will seal the deal for sure. we'll tell you what is going on next. plus the race for a vaccine

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♪. connell: all right. let's get back to minnesota now as we were saying a moment ago. business owners there dealing with all the damage from the recent riots and looting. we do have hillary vaughn ready to go from minneapolis with details on that. reporter: hi, connell. well the governor says the tab for all the damage done through these riots could total half a billion dollars. over 1500 businesses were hit by looters. many of them burned to the ground and reduced to rubble. i want to point out the rubble behind me used to be a t-mobile store a foot locker and furniture store. essentially there is nothing left. even though the riots were months ago, business owners are still unsure today if they will reopen, if when they do their customers will come back. >> but the big damage that happened here, entire

neighborhood is down. no business going on. and, we disconnected from the customer. that is a bug problem. it is not going to be easy to reconnect to your customers. >> i'm also going to wait until after the trial of the four policemen because if the mob does not like the decision of the jury, we could have rioting again. i don't want to be burned out a second time. reporter: so far just 20% of insurance claims have been paid out to business here in the twin cities. for commercial property, $46 million in payments have been paid out. that is just a fraction of what has been requested. a total of 229 million. not just businesses that are worried about or feel like they have an uncertain future. residents do too. one resident who was defending her dad's condo building being targeted from looters and rioters. she says she is not sure if she wants her dad to still live here in the city because she doesn't think it is safe.

>> 10 of us literally stood on the street wednesday night with nothing except, like, big mom energy. you know, going up to looters and arsonists you're not going to touch our building. reporter: connell. back to you. connell: could be an important swing state there. hillary as we know. it is, appears to be leaning towards joe biden but the trump campaign maintains they think they can flip minnesota into the red. we'll watch it. melissa: city plagued by mismanagement, new york city mayor bill de blasio delaying the start of in-person again, again he did that today. as nearly half of high earning residents are considering leaving. according to a new poll by sienna college. here is steve forbes. forbes media chairman. let me ask you about the poll, they found 44% of people they asked had thought about leaving new york city and 69% citing the

cost of living as the main reason to move. we bring this up as another data news point happening today as we're seeing this all over the country. we were talking about it in california yesterday. as people are fleeing these areas now in a time of covid because it has gotten even more expensive. here we see more evidence of that trend continuing but brain-dead bill de blasio instead of trying to make things better, he keeps school closed, another reason for people to leave. what are your thoughts? >> well that and the combination of the higher taxes which both the state and the city are going to hit residents with. i live in new jersey. we're going to get hit with higher taxes. we're already getting hit with higher tolls and the like. so people are going to go to areas that want people, rather than those pushing them out and in new york city, it is not just the cost of living, it's the quality of life. you mentioned schools that are not functioning.

streets, they can't handle the homeless. the streets are getting more and more potholes and the like. buildings are being run down. businesses are not coming back. they don't allow restaurants toe open to become prosperous again. entertainment industry dead until at least next year. those are hundreds of thousands -- why come to new york? you don't have to do it commercially as much, things attracted you, great restaurants, entertainment and the like, they will be a long time coming back if at all in a city that is hostile to people who produce things. melissa: yeah. meantime the panic is spreading. if you look, i want to bring up, there was a report in bloomberg about wall street workers wanting their bonuses early this year. this is a number of reasons cited for that. one of them has to do with this idea, you heard jamie dimon telling jpmorgan workers across the country, he wants a certain level of staff back in the office by the end of the month. let's get back to work.

hoping that you know, maybe it starts a trend, to start opening things back up. one way to get people back, give them their bonuses early but also there is beg concern about a potential joe biden win and what that would mean for taxes in the new year. so folks want to get paid this year, their bonus, as opposed to waiting until january 1st when they would potentially have to pay in a new tax regime. so once again, here we have taxes impacting directly how people behave. are you surprised? >> not at all. this is a form of insanity. you know this kind of thing raising taxes and the like, letting conditions deteriorate. have people move out. we saw this in the 1970s. it took a couple decade for the city to really come back to life. now they're doing it again. that's why you see online jokes about mayor de blasio. they call him bolshevik bill, being moving man of the month,

salesperson of the month because moving vans are having a great business, moving out of the city thanks to what de blasio and others are doing. so they don't, they don't learn and so that's why i think it will not help us now but in the next couple years you will see an eruption of election changes in states like california and other parts of the country where people are saying, you had your chance to govern. you made a mess of it. look what is happening to the cities. look how you managed our forest forests. we want a new way of doing things. you can't do it, we'll try somebody else, other people, other parties. >> i would say, just as a parting shot i'm worried about that, because for example, we have an election coming up in 2021. you look at scott stringer, the new york city comptroller people of great wealth have done great the last 20 years. they should be prepared to step up when all that happens.

there is reason people with great wealth should epthe people in the city where they make great money. just like in new jersey, he wants to raise taxes, he is somebody aspiring to run for mayor next time. he doesn't get it. elect me i will tax the rich even more. so are you sure in these cities, these politicians and voters will learn the lesson? quick last thought? >> yes. we saw it in the late 1980s in new york city. that is how rudy giuliani got elected in the early 90s. man on republican label. why bloomberg after 9/11, people realized you got to go to a different kind of person, leader, than these traditional hacks who only know how to spend and spend and spend and tax and tax and tax. so yes, stringer may run for mayor but he will not have much to govern. he will be begging washington for a bailout for the mistakes he and de blasio are making now. melissa: we will see. i hope you're right. steve forbes, thank you.

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♪. connell: to the battle over the timing of a covid-19 vaccine now. the trump campaign accusing its democratic rival spreading anti-vaccine conspiracy theories while former vice president joe biden blaming president trump to put pressure on the fda to produce vaccine without property protections. with that let's bring dr. mark mclittle clan, former fda commissioner. welcome to the show. a kind of strange between robert redfield and head of the cdc and the president seemed at odds over vaccines or masks. what do you make of all of this? should someone i guess be at all

worried about the vaccine being rushed? >> well, connell i think the most important thing for people to know is that the fda's expert scientific staff has very good plan in place and there are also companies involved, independent experts overseeing clinical trials. so that whole process is on a good track right now. the trials will not end until they have shown that the vaccines undergoing clinical studies actually do reduce the number and severity of covid infections by at least 50%. then fda also made clear they will have an independent public review with another independent expert advisory group before they take any action on making a vaccine available. this is on top of all the other safety steps in place. so i have a lot of faith in the ability of fda career staff, working with industry and experts to get the trials down

right and have good evidence before the vaccines even start to be available for people. connell: fair enough. short answer from you is no, you shouldn't be worried necessarily because of the, as you say those career folks at the fda on the politics real quick, the president five minutes ago tweeted the democrats are just angry and vaccine and delivery are so far ahead of schedule. they hate what they're seeing. saving lives should make them happy, not sad. on your point though about timing, the piece you wrote along with scott gottlieb was interesting in the "wall street journal" the other day where you guys talked about the use of emergency, emergency use authorization. you wrote the fda can approve promising candidate for those most at risk while continuing to collect data. tell me how that works. how would that roll itself out and what should normal people know about the timing that emergency use authorization would be utilized.

>> i think that is exactly what will happen, connell. the clinical trials underway for now for the first vaccines and this is happening at a record pace. very large clinical trials, large manufacturing of vaccines so we have a significant supply available when the trials are done and independent experts oversee steps taking place, will make it possible for some americans to start potentially being vaccinated as soon as late this year. we don't have enough vaccine supply for all americans. fda made it very clear that their intent is recommending proof and use of emergency authorization approach not for all americans but people are most important to vaccinate first to protect themselves. clinicians, health care workers, essential workers who have been on the front lines. that won't be, maybe some elderly individuals at high-risk. it won't be everyone right away. while that happens we'll be able to collect more data to learn

exactly how well the vaccines work and how safe they are in different types of individuals. connell: so that sounds to me what dr. redfield was talking about he was saying six, nine months out, regular americans would be able to be vaccinated. it might take until the end of the second quarter or beginning of third quarter next year where the first-responders, health care workers are getting it by the end of this year. that kind of puts together what we heard from the president and dr. redfield yesterday. >> it is happening at a record pace, no question about it, but this stepwise or stagerred approach to making the vaccine available starting with the people who can benefit the most, who need the most help, i think it is a good way to do it. that will help us learn a lot more how the vaccine works on millions of americans while we're starting to vaccinate the people who have the most to gain from these new treatments. connell: right, makes sense.

as you said by any standard this is quick work. dr. mark mcclellan, thank you for your time and analysis. melissa. melissa: everything old is new again apparently. major new retailer buying revenue streams to stay afloat in the pandemic. those fun details next. knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. i'm good at my condo. well planned, well invested, well protected. voya. be confident to and through retirement. everything we have, we've earned. the unmistakable lexus is. get zero percent financing on the 2020 is 300. experience amazing at your lexus dealer.

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well as wal-mart that teamed up with an app called thread up. last night i was checking this out on wal-mart.com/thread up, you can get a calvin klein dress at $19.99 which, of course, is secondhand. macy's selling used clothing in 40 of their stores across the country. cost just announced this month that they're launching a secondhand app called resell. and ikea just announced they're going to be having their second secondhand furniture store opening up in sweden. and it's not just them, you've got the kardashians selling their designer hand me downs which is why we spoke to the ceo of a company called ledbury how the resale market can help the loss of in-store traffic. >> wal-mart and nordstrom and other major retailers are saying how to we engage more of our customers online because they're not walking into the store and

be able to offer thousands of skus looking for resale items, there's a big opportunity there. >> reporter: market is worth $24 billion, and i'm sure you have a lot of gold in your closet. back to you. ♪ ♪ melissa: unbelievable. used clothes in the times -- ♪ ♪ lou: good evening, everybody. president trump today with a full-throated defense of american history, american heritage, american culture. in a patriotic and powerful speech at the national archives, president trump today reminded americans of the values that made america great. he warned of a radical movement in this country that is fighting to demolish the fundamental tenets of our free society. president trump pledged to uphold and to build upon america's values in the years ahead and to launch