tv Cavuto Coast to Coast FOX Business September 25, 2020 12:00pm-2:00pm EDT
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9:00 o'clock eastern the first debate, chris wallace from fox news anchors it, this could be a game changer, it could be an election decider, one little mistake for joe biden and it's all over, of course he may call a laid before the debate, who knows. i time is up, neil ensures. neil: thank you very much, we are focused on deal that could be the fourth straight down week for the market average, one of the worst for september this far we've seen for the better part of the decade. we are monitoring that and monitoring the report out of goldman sachs, you probably been hearing about it that amid concerns we are looking at another bush scored 2000 where the results are delayed and days maybe even weeks, goldman is saying everybody calm down, it's not going to be the end of the
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world and it's not necessarily a disaster or risk for the market, that is collective and i thought i would pass it along. we will be looking at the mail about it under ballot situation, and new theory being pushed that sends more democrats seem to be voting by mail, you could have a situation where on election day itself since republicans tend to favor voting in person the early results on election day could favor donald trump and then the mail and results which take a little bit more time to tabulate in places like pennsylvania delayed up to six days, you don't have a clear winner because neither side is budging, it's kind of an interesting conundrum, particular in the bottle around states, we will be monitoring that we also have the ceo with us, that is a very, very popular means by which i would just say everybody's taken advantage with airports in a beach traffic and all of that.
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, blake is doing okay through all of that, we will follow that as well. in the meantime the dow is about 32, a lot of competing things that are weighing on investors, good news on housing front, more news on that, not so on what's happening with stimulus and whether we will get a package done we have stocks at a draw, for the week if something strong happens, we could look at the fourth straight down week, jacqui deangelis following the numbers enjoins us right now. >> good afternoon, we are seeing a modest game on a friday but it will take a lot to wipe out the losses for the week the markets are weighing issues as we basically brought up, election uncertainty, the supreme court seat, the stimulus stalemate in d.c. and the pandemic concerns
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about a second wave lightly seen in other countries, it could happen, that is putting the dow on pace for the worst week in three months and also putting the dow, the s&p 500 and the nasdaq down four weeks in a row on pace for the longest losing streak in more than a year, unless something significantly changes, that's what we got on our hands to close the week, one thing that can help calm the fears in the marketplace is news on vaccines, novavax the everybody focused on take day, big gain on most 12%, that is because is said is going to start phase three, late stage trials in the uk with 10000 volunteers in the trial in the u.s. of 30000 people, the late phase could start as soon as next month phase two shows enough positive data to go ahead. there are issues, young governors and blue states weary of vaccines, here in new york andrew cuomo says he is creating
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independent body to review any approved vaccine because he says the approval process has become too politicized. he is also seen you will not trust the fda a federal regulating agency because he feels they are being influenced by the administration, last night on "the evening edit" scott atlas weighed in. listen to this. >> we are talking about something that could be lifesaving to people, the priority people including the highest risk people and to instill fear and doubt when it's completely irrational and purely political honestly, it is a disgrace that people are doing that. >> not just in new york and connecticut, governor lamotte is taken a similar stanton joe biden since he doesn't trust the president when coming to vaccine. we all went to see a vaccine that will safeguard people from the virus, this could be detrimental, the talk that is out there and influence people when there is an approved vaccine, not to take it, that is the concern here right now.
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neil: thank you very much, speaking of new york as jacqui was speaking on, new york city threatening to shut down for not if essential businesses where they are seeing covid-19 spikes. you're looking at times square, i don't know exactly what parts they are looking to shut down or restrict but this comes on the heels of other developments we have seen where they are dialing things back in london and amsterdam and scotland and iran, moscow, even germany which for the first time in close to two months as daily infections back above 2000. we are looking at what this could mean and what the new restrictions in new york could have other developments in this country, i hate to add, not nearly what were seen abroad particularly in europe. we will keep you posted on all of those developments. also keeping you on top of what the president is doing, doing a lot of campaigning, wrapping up an event right now in florida and we will go into atlanta with
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39 days to go, there is not an ongoing debate about stimulus and whether it will ever come to pass, blake burman following it all in washington. >> when you go back to 2016 and south florida, president trump lost the area by 290,000 votes south of that, miami-dade county the president lost 288,000 votes, those are the single biggest democratic strongholds in the biggest swing state, that's exactly where president trump is staying in miami-dade county west of the airport if you have ever flown in. the president focusing on issues in that area that are in the forefront of so many issues to latino voters. listen here. >> when we start getting the rest of the countries in, they will come to the table 100%, they are actually getting to a point where they want to make a deal, they won't say that outwardly, they want to make a deal and i'll tell you who else wants to make a deal, iran wants to make a deal.
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>> that was clearly the wrong soundbite from the president the president essentially talking about venezuela and cuba and policies that he sees as different from his administration to what happened in the obama administration of course in which joe biden was vice president, and in response to the florida trip, the biden campaign is pointing to healthcare as a presidents trip in miami-dade county 36% enrolled in coverage for the affordable care act are hispanic, the highest percentage for any ethnic group fighting to rip away healthcare during a pandemic and the leadership it is weak and cruel, two different messages today what the president is in florida. after this president trump will head to atlanta, georgia, an event in which the campaign says it will layout ideas that will benefit black business owners in the president this evening will campaign in virginia, back in washington on the policy side of things, we course monitor where
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things stand for covid-19 relief majors, democrats likely to go ahead with another bill of $2.4 trillion, a lot of the same policy items that were in the cares act, also potentially help with airlines, the white house has only set up until this point it is willing to up to 1.5 trillion in senate republicans say that there needs to be no spending at all, there is still a fairly large gap but democrats seemingly are going to try another go at this in the house. neil: the airline relief, you know that the airlines are looking for 25 - $30 billion, even if it is tucked into the major and like i said, that may be far from the given that it would be in that facility? >> $25 billion in an extension essentially as the first package was 25 billion to keep those within the industry employed, there is obviously a hard money figure, $25 billion, i tell you
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in speaking with folks that are close to this, they also bring up the issue what about training and certification and stuff like that because if there are layoffs, october 1, next thursday the airline industry says, not only will there be job losses but those in the industry also argue it will set employees back significantly because they will be able to do things like training and recertification, very important things for many inside the industry. neil: thank you very much. blake burman, the president is also going to go to virginia. that is the state governor and his wife had contracted the covid-19, the second governor and spouse to have contracted this, the cycle, missouri governor mike parson and his wife indicating that they both have tested positive for the virus and now governor and his
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wife testing positive, the first time we've seen two governors hit with the other same time, we will keep you posted on that and keeping you posted at the advances to wipe out what could be the fourth-down week in a row, gary, jeff, gary a lot of people look at that and look at the cumulative pylon but perspective is everything, it's a solo market, it is come back mightily from those march lows but even money on the year right now save the nasdaq? what do you think? >> lets let me be clear, we needed to pull back, i am actually thrilled that we pulled back, we had ridiculous amounts of speculation, the big medi-cal bank stocks went straight up. this is about as normal as normal can be, let me give you a little bit of good news, this week the dow is down almost 3%, the nasdaq is not even down a quarter percent, that tells me the risk appetite is starting to get a little bit on the heavier
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side and i will tell you that very often since 1987, october we have seen lows and bear market and we have seen lows and the good correction, i am hoping for one, i always look for one and i'm hoping for one and i think there's a good chance especially i am seeing real good support holding a lot of technology names and some of the conductors here. hopefully october is ready to come. neil: jack, looking at the election the results will be delayed certainly given the mail and balance, i think the looking of 100 million of them. the fact of the matter is, goldman sachs is not going to be a crisis, i don't believe they were talking about the market response but they might as well have, how would the market handle an election whose outcome could be delayed weeks.
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>> neil, it is one variable of a number that creates some certainty for the markets right now, i think the election is going to be very important, not just who ends up being president but you have to look at who we can hold the percentage of that might be delayed until the runoff election in georgia an early january, going back i think the most important thing for the market are the war that we are in between the pandemic and the policymakers, the policymakers have been winning for a while but i think the pandemic is going to get some foothold because to me we're see the equity market basically the market vigilante telling the policymakers that you need to step up and do something and there has been a reluctant by congressman in the administration to do anything. i'm a little more worried the equity could not have a full sale or selloff in october but have a message that you need to start doing something.
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neil: i still think, i could be very wrong that the virus and its course will have more to dictate this election than any of the other issues, i could be wrong and that i'll never say that i said this. but i am curious what you make of canada signing a deal to buy up to 20 million doses, just coming in of the covid-19 vaccine, canada from astrazene astrazeneca, this is coming from the office of prime minister justin trudeau, afte astrazenece protection in europe, particular in the uk that will shield it if there are problems with this, i don't know if the same was done in canada, but it does seem to speed the notion along that a vaccine could be coming before the end of the year, how does that change things. >> everything changes if that occurs, i was in orlando international airport, it was a ghost town even though it is up
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from the last six months, it is vital that that gets done and i will tell you something i saw this morning, this week we had a record amount of testing in the united states, 900,000 over a seven day average, that is a good news, but again everything changes, the cre the cruise line industries dead, airlines about 40% here in central florida, tourism coming back slightly but still 75% below last year, if you get a vaccine that works and we get back to normal, i think you have an economy that is really pinched up, not spent up and we can get going again, fingers crossed on a daily basis for that. neil: we want to thank you both very much, we will look at the notion of what defines pain your fair share, i got into it with the house majority and i had a
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neil: for individuals, what is a fair share for rich folks to p pay. >> i have no idea what the fair share is, i know experts can make the determination and they are determined that the upper 1% is not paying their fair share, we have to study all of god, in order to determine what the background ought to be and i have a fear sure that we will come to the conclusion, right now were talking theoretically, the upper 1% needs to pay its fair share. neil: what is fair share, that's all i'm asking, tell me.
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when we got down as low as 20% with ronald reagan and they wanted to bring a backup, and deal with below 30, that was deemed at the time to be the fair share. then we brought it up to 35%, that was deemed to be the fair share, then we got it up to 39.6%, that was perfect money there, i heard from chuck schumer, that is finally a fair share, then we hear new jersey in the legislature just voted on this to raise the top rate in that state to ten and three quarters percent, that is on top of nearly 40% federal rates, that is over 50% combined taxes and even that we are told it is not quite the fair share, i am often reminded by guest to come on the show what the top rate used to be 90%, we have a long
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way to go, yes indeed we do, but will that be a fair share i suspect until it's 100% and will not be a fair share, but again that is just me, i just want some consistency on all of this. dan henninger joins us right now, great writer, editorial board member, fox news contributor, i just need a straight answer, not from you, you always give me a straight answer that many of these on the left for the arguing of the rich paying their fair share, does that mean pay more taxes and for going to cut spending and deal with the fixed entitlements and cost and pensions and things like new jersey, it might even before but it's a moving target but it's a constantly moving target. >> you were just saying if you're simply looking for consistency on this and i say abandon all hope ye who seeking consistency on fair share, you
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will never going to get it. what is striking, the arguments on the behalf of fair share invariably is always made by democrats. in the clear implication seems to be that we've arrived at a social consensus about the idea that a fair share implies support for all of the democratic progressive spending goals. such as subsidies for eliminating fossil fuels, such as universal healthcare, such as spending money to bailout the pension obligations of states like california, new york, illinois and california and their healthcare obligations. basically it is progressive spending, these are conscious political ideological decisions that have been made. where is it written that paying for them is a fair share. one of their goals is currently
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to defund the police so that that money can be transferred to other domestic spending needs, i particular you do not want to pay my fair share to defund the police department in cities across the country it is a wholly political idea that they have wrapped fair share which ultimately does not mean anything other than supporting their ideas. neil: is also happening and what states are doing progressively close those budget gaps especially the 44 that have to submit a balanced budget every fiscal year, new jersey has pushed back to accommodate the pandemic and all of that, they will throw it on the backs of the well-to-do, they are doing just that in new jersey in new york and there during that california, this money that you're going to have might not pan out, i remember when illinois had a surtax of the millionaire and in that fair
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share argument, and make a fair assessment of that money wondering. >> i think that they probably do ultimately, it's so interesting that new jersey has just gone ahead and passed the higher income tax rate 8.75% making new jersey the canary in the mineshaft, we will see what happens. i assume that people will be moving out of new jersey as a result under current economic circumstances but look just north of them in new york, new york state has a deficit of 13 billion, the city has 9 billion in the metropolitan authority has a deficit of $12 billion, they are looking for a federal bailout, essentially what that means is the taxpayers all across the country in states that are keeping their books properly, balancing their budget somehow will be expected to pay their fair share to help new jersey,
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california, new york, illinois get out of the holes that they have dug themselves into. and they will lose population if they follow new jersey's example and raise taxes to closer deficit. that will mean the people who move away to ask for their politicians to send their taxes back from florida, texas, tennessee, new hampshire and the low-income states that they move to. neil: it never seems to amaze me unless you want to push it out there they give me a figure, they are finally paying their fair share, finally doing that, this is a moving target and thus we clarify that, that is just not going to happen thank you very much on that, da dan haner drawn that. some conducting news the
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executive director of the world health organization and saying it is not impossible that 2 million could die of covid-19 before a vaccine is in wide use, we have 1 million deaths worldwide but it had been 200,000 of those in the united states but he is a not impossible that it could double unless a vaccine is in wide use. we shall see. ♪ stay restless
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neil: the latest polls seem to show and battleground states like ohio joe biden is clinging to lead a five-point lead in ohio and that is something that the president of the united states is not buying and does not believe that is accurate but we are seeing a pan out and similar states in pennsylvania and what have you but his
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argument underrepresented big republican portion of voters much like the case in 2016 where the battleground states was off, thus argument that this could be off a bit. but looking at all of this, hillary von is with us in cleveland for ohio, you think about this, it helps to come with plenty of goodies, joe biden has announced it made america push it could include $700 billion commitment on part of the government that would take ohio. >> that is exactly right he is a billion-dollar plan to boost manufacturing, that would benefit a lot of people in the key battleground states, one out of every ten jobs in the state is tied to manufacturing, almost 50% of all manufacturers are actually small businesses with ten employees or less and since
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2016 ohio's exports are up for billion dollars, makes sense that biden has a campaign promise to bring back manufacturing pledging to spend 400 billion in taxpayer cash just on things made in america, we went to the heart of manufacturing in ohio to ask manufacturers what they thought about biden's plan but some of them were not buying it. >> we don't want help from the government all they do is destroy everything that you do, that is not nice to say but i continue to tell my congressman and my senators, get out of our way and let us do things, we can do things better than anybody else can. >> manufacturers that we talked to told us trump's tax cuts were a game changer for the industry and while funneling federal funds to the business is not necessarily a bad thing, it's just a band-aid and things like regulation, trade and taxes matter a lot more.
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>> there are things that happen with the tax rate from 2017 and it certainly helps us and other small manufacturers putting money back in for the manufacturers which allow them to invest in equipment, materials and workforce development, that has really helped us on the made in the usa standpoint. >> joe biden has promised to repeal the tax cuts on day one if he becomes president, he says it benefits only the rich but we talked to one manufacturing th employee that says he's a part of the middle class and he saw his paycheck go up as a result of the tax cuts and he does not want to see that go away. neil: thank you very, very much, i'm glad you spell that out, what biden wants to do is hike taxes, those earning $400,000 or more and hike the tax cut that the president orchestrated when he brought it down from 21% to 35% to 28%, that is where it's going to stop.
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that is up for debate, the left and the right will have to read that, right now i have danielle with us, and fill in you guys should be concerned because i had an epiphany, i'm going to tell you about my pippin for election night and i can be very, very wrong, i subscribed the view and phil i know you follow this very closely, i'll start with you on this aspect, republicans tend to want to vote in person there not as big as millan ballot, i'm not making a general statement, by and large democrats prefer the mailman ballot route, for election night you could have a situation where donald trump is leading but democrats are not going to be convinced because not all the mail-in ballots have been tabulated and therein lies the fear of a crisis that the president will claim victory in mail-in ballots come in, that might change, tighten and reverse that and you have a
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mess, your thoughts. >> your epiphany is well documented called the blue shift and academics have studied for some time they finally gave in aim. neil: i thought this was just me. there is a whole study done on this? >> what will be interesting, traditionally there is a blue shift when it comes to millan ballot, because of the pandemic more and more people of the left and the right go send the ballots through the mail, this is interesting because the experts that i'm talking to when it comes to elections, they tell me were tiptoeing towards armageddon and a lot of states have increased access for the mail-in ballot and a lot of the states have not bulked up in the resources that they need to count them, add to that to the fact that you have a lot more partisan bickering and hillary clinton advising the biden campaign not to concede until much later in president trump saying this is likely to go to the supreme court, absent a
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landslide in either direction, it is safe to say this could be ugly. neil: danielle, i'm wondering what the fallout would become a goldman sachs is out with a report that they don't think it's good to be a catastrophe or for the markets, what do you think? >> i'm a little bit confused how they will handle it, with we had a little bit more on the president that mail-in voting is legitimate and he is encouraging people in florida where he meets the mail-in ballots and also in pennsylvania and if we get clear messaging from both leaders of both parties it would enlighten people's concern, i agree with phil, this will not be a landslide, we will not get a result on november 3 and on the evening of november 3, part of this has to be about managing expectations and republicans are saying the mail-in ballots.
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this shouldn't be a partisan thing, honestly both of these establishments can say your vote counts, no matter how you do it, that's how we should maintain this democracy in the making. neil: i know the president gets a bad rap and whether it will be ranger what have you, i do remember the fears four years ago when donald trump would not accept the seat when in fact the democrats who cannot comprehend and accept every result then, when you hear hillary clinton saying some of the things that joe biden should never concede, fight, fight, fight. i don't know if that's exactly fair and balanced is what i'm saying. >> i think republicans with the
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term campaign in the white house or having déjà vu all over again, i was in a briefing where president trump was asked if he would agree to a peaceful transition of power, my take on that is that president trump was being perhaps she key, sarcastic, was not exactly the answer that is going to bring calm to an electorate that is pretty worried about what's going to happen in november but republicans are of the opinion that last time around the other side did not concede and they had to deal with the fallout for all of the president's first term, at this point i think republicans are basically answering that question by saying are you kidding me, you see what happened for the last four years. neil: that is a good lawyer, i heard both sides say don't concede, no matter what, do not concede, certainly not election night. >> i don't think hillary clinton said don't concede no matter what, this is different, this is
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different between waiting for a result to come, we have 65 million ballots so far, it might be half of the people that vote in the selection, not conceding on the first night there are so many more that are likely to be accounted, i think it's a legitimate question. neil: don't be in a hurry to do it, she made it very clear do not not not do it, i'm sure that's coming from lawyers as well. >> there is also a difference between saying don't conceive, wait for the results with the president who is maybe tongue-in-cheek and there would not be a peaceful transition of power, there's a right responsible the in the office and this is not the time to be tongue-in-cheek or sarcastic, we may be very honest about this, thankfully republicans came out and said it will be fine and there will be a transfer transition of power and that president trump is possible, this is different in a distinction with a different, we had to make sure related to all
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parties to the american people because we could have a real problem on our hands if this goes on for weeks and goes onto the supreme court it happened in 2000 it's not a pretty place to be for the democracy. neil: it could happen again but i will dismiss my up if any that the aggressively research this and i thought i was a genius. so neither of you -- thank you very, very much. there we go it is all done. we will follow that and fox business will be monitoring the entire debate next tuesday and of course beginning with a pregame show at 8:00 p.m. the debate itself, follow-up after all of that, we might be able to get the market reaction but one benefit you get watching fox business as were the other layer how people around the world are placing bets on this, by how
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neil: by now all the airlines are in a world of hurt and looking for help from uncle sam but in case you think the convenient helicopter rescuer and those that want to avoid traffic at the metro to get to an airport, it turns out a lot of new yorkers are looking to find helicopters to beat the traffic, that is more than offset concern that the business would run aground so to speak and the founder and ceo during this right now. spell it out for me if you can because that actually does not surprise me, what are you seeing? >> it's been very interesting, not unlike other air carriers the bill though the was impacted
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by covid in the summer, what was clear is that people were going to resort and leisure destinations, the hamptons and staying, they were not moving, we get paid when people move. all of a sudden in september after labor day for the first time as an air carrier we were up 60%, people were commuting every day, we introduced a commuter path where you can fly for $295 and we saw people coming on mondays, leaving on thursdays or even flying every day, what is happened with the creation of synthetic, these were summer homes that turned into a second home during the quarantine and now essentially primary homes. neil: $295 each way, how does it work out, who is doing it? neil: around the new york
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metropolitan area, where are you picking these up. >> not only people turning 90-mile trips from the hampton, east hampton, southhampton to the west side of manhattan by hudson or the eastside so we turn a two and half - 3 hour trip into a 35 minute flight, during covid you could actually do that drive in one hour 15 minutes between quarantine. neil: what about in the new jersey area, how would you handle that. >> in the new jersey area a lot of the business is charter units people who have homes on the jersey shore in the lot in the hudson valley, what is really interesting, i think people are comfortable working in the city, they may not be comfortable living in the city, you have
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afterschool programs that have been canceled, you have kids that their friends are out elsewhere in doing remote learning, you cannot go to theaters and restaurants and on top of that we also have a service that starts in thanksgiving where we take a large commercial jet wit 60 peoe going to miami, 80% of the booking would be round-trip, now they are one-way, icy people test driving florida as a potential place perhaps to move, the jury is out but clearly once it is called and restaurants are closed and there is not a lot to do, we do sense of potential migration south into los angeles. neil: real quickly, if you are frequent flyer, i'm just picturing investment banker ceo hotshot, $295, i'm doing this five times a week can he or she get a coupon discount?
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>> that is with a discount, typically 795, a lot coming on tuesday leaving on a thursday, some just one days a week in the graph that you're showing on the screen right now is very telling because we are showing that right now traffic to bridges and tunnels are 95% of pre-covid levels, pre-pandemic levels, if you look at the railroad or metro-north, there's only 20% up, that means people feel more comfortable driving which means more traffic on the road in more friction and more people flying, once more people come to the city to work you will have more traffic probably more than the start of the pandemic and that will make urban more important as an alternative. neil: fascinating. rob, the founder and ceo of blade urban, he is living proof that you can make lemons a lemot
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neil: the president meeting with latino voters, hi hispanic herie month. >> doctor franklin was for 25 years, the age 70, he is still pushing the boundaries of state exploration. >> we are trying to make transportation in space go fast. >> doctor franklin is the founder of a rocket company dedicated to an advance plasma rocket. >> can you explain what it is you are doing and what your company is trying to accomplish. >> imagine a mission to mars in a matter of two months, instead of the better part of a year that it takes today to get to mars. >> the rocket engine will be ready to fly within three years for the 70-year-old, it is a combination of a career in space, as nasa's first hispanic astronaut. >> the moment of liftoff on the first flight was something that
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i will never forget, it's a tremendous ride. >> boarding coast to rica at 18 years old, he came to the united states with just $50 in his pocket, he learned english and went on to get his phd and in 1980 became an astronaut. he is one of only two astronauts to have flown on seven space shuttle missions. >> he was a second astronaut to log more than 1000 hours in space, in 2012 chang-diaz was inducted into the nasa hall of fame. >> i am actually today most thankful to the great nation that in 1968 open the doors for me to the american dream. >> as hispanic heritage month we honor doctor franklin chang-diaz. neil: that is amazing, seven missions, i am annoyed you,
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brian yannis, thank you very much, we all needed to hear that today. into that today, brian yannis in brooklyn, we are following the developments on the virus, some disturbing news from the world health organization and concerned before a vaccine is widely disseminated, the deaths worldwide now at 1 million could hit 2 million. more after this. worry follows you everywhere. over 100,000 people have left blood thinners behind with watchman. it's a one-time, minimally invasive procedure that reduces stroke risk-- and bleeding worry--for life. watchman. it's one time. for a lifetime.
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neil: all right. the fate of the virus, it's spreading globally and predictably, europe, where they are getting worried in places like amsterdam and london, even g germany. but in the united states, the trend is improving and rather dramatically even in states like florida that were once seeing a noticeable spike in cases. that was some weeks ago. now we are getting reports out of florida's governor desantis moving to a phase three of reopening that will lift major restrictions on restaurants and other businesses in a push to give the economy a big old boost. whether that will do it, the municipalities and states that have opened things up, in short order we have seen economic pickup in activity. we will follow that very very
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closely. welcome back, everybody. i'm neil cavuto. continuing with the markets up about 87 points, that is the dow. still, though, looking at a fourth straight week of losses for all the major averages here. no matter what happens here, the nasdaq might be able to [ inaudible ] that. we should point out even though the dow and s&p is sort of even money now year to date, the nasdaq is still up double digits on the year. let's go to jonathan serie on this vaccine news that something may be out there by the end of the year. other arguments among folks that it could be delayed. depends with whom you talk. good thing about johnathan, he talks to a lot of people. what are you hearing? reporter: successful vaccine could not come soon enough. today dr. michael ryan of the world health organization warned that coronavirus deaths globally could double to two million before a successful vaccine goes
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into widespread use. now, as researchers race to develop a vaccine, another biotech company has announced that it is entering late stage clinical trials. that company is u.s.-based novavax. it says approximately 10,000 adult volunteers in the united kingdom will receive two doses of its experimental vaccine or a placebo to determine its safety and effectiveness. even with multiple vaccine makers moving at unprecedented speed, in an election year, dr. anthony fauci says he is confident the career scientists at the fda will base their approval on evidence and safety, not politics. >> we're looking at safety all the time. from the minute we stick it into somebody's arm in a phase one to the end of the phase four, we are looking at safety. we really need to get that message out to people. reporter: dr. fauci was speaking in an online forum with medical
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experts. one leading epidemiologist says misinformation is a huge problem, not just on social media but also the rush to publish the latest medical research, even before it goes through peer review. take a listen. >> sometimes even in prestigious medical journals, they will put an article before even -- then they will retract it, right? even when you see something out there, be a little skeptical and say well, are we going too fast in approving things, including scientific literature, too quickly. reporter: good advice for all of us. in other news, canada has announced a deal with vaccine maker astra-zeneca to buy up to 20 million doses of its vaccine candidate. canada is also investing heavily in efforts to make vaccines available around the world. back to you. neil: thank you very much, jonathan. i want to take you to new york city right now, where they are worried about these sporadic spikes in and around the boroughs of new york city. kristina partsinevelos on what
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they are planning to do if it gets more worrisome. what are you hearing? reporter: well, the latest actually from new york city is that the outdoor dining scene we have here right behind me is going to be a permanent fixture. that means all year long, you will see outdoor dining on streets and on sidewalks. of course, summer's officially over. it's soon going to be the sweater season here and yet diners need to start dealing with that, the elements. that's why we came to the upper west side. they got a little creative with plastic bubbles here protecting a lot of the patrons from the elements, also keeping people a little bit warmer and these dining pods have been a huge hit. >> this weekend i will not have the bubble because the weather is beautiful. but i got so much good feedback from those bubbles that at this point, every single reservation is requesting a bubble. reporter: these restaurants, though, they are drowning in
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overhead. according to a recent survey, almost 90% of new york city bars and restaurants couldn't pay their rent in august. now to make matters worse, the new york city health department, this is to answer your question, are threatening to make non-essential businesses close for a second time in certain parts of the new york region because of a spike in covid cases. it's a similar problem just across the entire country. you have big and small businesses, sizzler being the latest to file for bankruptcy. that's a very popular chain that's been around for awhile. they say it's a direct result of the pandemic. you have another survey, too, from yelp saying that 30,000 restaurants across the country have closed and two-thirds of those restaurants may permanently close. be gone for good. here, we will end the bubble situation. now restaurant owners have to get creative. they just found out the news, they have to figure out, get a propane tank, propane heater, you aren't allowed propane
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heaters on the street but you are on the sidewalk. i would be okay over here, would it be okay over here. there's a lot of things to think about, especially when indoor dining is still only operating at 25% capacity and that looming threat of possible second-time closures if the cases spike again. so lots to think about for these restaurant owners. here we are in a bubble in upper west side. back to you. neil: not bad. that's pretty cool. thank you very very much. eating in a bubble. i want to pursue that with kennedy, she's here. jared levy is here as well. kennedy, they are popping up all over the place, these bubbles, people can eat at a table. i don't know if they keep protesters away. what do you make of it? >> it's a great way to keep protesters away. it's like being in cinderella's carriage. it's wonderful. it's exciting. we have so few exciting things to look forward to in manhattan. bill deblasio hates the upper west side so i think it's nice
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instead of housing pedophiles and miscreants they are actually allowing, how good of them, restaurants to stay in business because deblasio has said that it's going to be outdoor dining from here on out, forever. so you're never going inside again. hope you freeze. those are bill deblasio's words. neil: i don't think he said i hope you freeze, but he might have implied that. jared, what do you think of this? you have to come up with innovative, you know, solutions and this is fairly innovative. to kennedy's point, this is spreading now. i think they are even shutting down streets in some areas to accommodate this. that's one way of getting the economy back. >> yeah. there's a multitude of solutions, right. i'm obviously down here in texas. i travel quite a bit, though, and i have been staying away from the commercial aircraft
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industry, it's been kind of a mess. what i'm finding is solutions that are very unique to the geographic area. here in dallas, obviously the weather is much more moderate. right now's a great time of year. november will be a great time of year. what we are seeing is a lot of sort of spreading out into the street, a lot more sort of open air market popups are doing really well. even like streetcar food. so in a sense, you sort of have to adapt. the problem or the question that becomes all right, if we see massive spikes throughout the country and local governments start shutting down, then what do you do, if they reduce, if someone were to come in to dallas, texas and start shutting down restaurants and trying to get us back to a state like new york city, i don't know if we have a solution for that. i think everybody kind of is a little bit on edge and concerned about what's to come. it does show generally positive progression so from a market perspective, i think traders and investors and consumers and all of us kind of look to see what's
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going to happen next. we are feeling good, not 100% confident but maybe a little better, obviously from place to place it's going to differ. neil: i want to switch to the other side of the country, if i can. kennedy, i want to raise this with you and berkeley. i want to go back to your california roots, young lady. it's the first city in the u.s. to ban junk food in checkout lanes. what do you think of this? >> that's right. you know, some of those fun impulse buys when you are waiting on line at the grocery store, now we have to distance ourselves, things like snickers and delicious doritos as you see right there, because they are fun things for your mouth to keep your body entertained while life falls apart. but not berkeley. the fun police have decided that behavioral economics are more important than choices, rational and irrational alike, so the government is now saying that
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you cannot buy junk food, whatever that is, that is a nebulous category that will probably remain ill-defined because they feel that the city government knows better than you do what you would like to put in your body. i say back off, berkeley. that's why i don't live there. i didn't even apply to uc berkeley because they are in proximity to tyrants like the city council there. it's awful. neil: i think they have a lot of these staples, potato chips and all this other stuff, in regular aisles of the store. they just don't want you doing it or rifling through that at the register. but it does seem to me, jared, a little big brotherish. what do you think of it? >> first of all, it's not the same. i literally have not made it through this pandemic without my sweets. i have got drawers full of every kind of chocolate you can eat and feel good food you can imagine. here in texas i have some
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barbecue stashed away. to me, it's like the worst timing ever, right. right now, we need to feel good about something. like americans need a win. stealing a snickers bar away, i don't see the solution there. i don't see how that's going to make our lives better. obviously from a health picture, yeah, let's all eat better. but right now, kind of last thing on our minds as we get through this pain and stress. not a great call on berkeley's part, my vote, too. i'm kennedy. >> they are fat shaming. neil: i would be all over that puppy. kennedy, it's alive and well, the food police and whathave you. i don't know their rationale for this. they also say it speeds people online, they get through faster because they're not distracted by the big old reese's peanut butter cups, as if. what do you make of that? >> no. it doesn't get anyone through lines faster. they also mandate that you can't
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have plastic bags, you have to take those stinky burlap bags filled with salmonella nobody ever cleans that are made in china, and it's so dumb. you know who's in a rush to get something in their body? single moms who are trying to get from school to work. who cares if someone wants a twinkie on their way to the office? i think it's fine. they are fat shaming. they are trying to control what people put in their bodies so we all look like starved instagram models. i say no, thank you. neil: both of you do. this doesn't apply to you. this is obviously very fast metaboli metabolism. i would be on the most wanted list if i were to stumble in there. thank you very very much. i can see the e-mails now. in fact, i can see the e-mails now. we are at session highs right now. maybe this incited some sort of buying sugar rush. after this.
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we remember justice ruth bader ginsburg lying in state inside the capitol, just days after the same at the supreme court, 37 men have been given that honor over the course of the country. justice ginsburg not only the first woman, the first jewish-american to be recognized as such. chad pergram on where things stand now in memory of the former justice. reporter: well, they just took away ruth bader ginsburg's hearse after she lay in state inside statuary hall, the old house chamber here at the capitol and the sprinkles came and went for a couple minutes a few minutes after her hearse left the capitol plaza. joe biden, the democratic presidential nominee, was the chairman of the senate judiciary committee in 1993 when president clinton nominated ginsburg for the supreme court. she was confirmed 96-3. he came to the capitol today to pay his respects.
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listen. >> i met her when i did her hearings, i was chairman of the committee when she was confirmed. ♪ reporter: this is the rabbi chanting in hebrew at the capitol with remembrance of ginsburg. it refers to calling from the depths. >> the justice took resiliencre persistence, a commitment to never stop. as a lawyer, she won equality for women and men not in one swift victory, but brick by brick, case by case, through meticulous, careful lawyering. reporter: ginsburg lay in state at the capitol 39 years to the day that sandra day o'connor
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became the first female justice on the high court. ginsburg was a fan of opera and mezzo soprano denyce grave performed. tomorrow, president trump is expected to announce his nominee tomorrow afternoon around 5:00 in the afternoon. we will have coverage of that here on fox news channel tomorrow afternoon and expect a battle royale as they try to get that nominee confirmed sometime before the end of the month of october. back to you. neil: aggressive schedule. thank you very very much. now, we don't know for sure whom the president will pick tomorrow. all attention seems to be centered on amy coney barrett, the 48-year-old judge who sits on the seventh u.s. circuit court of appeals. she was a runner-up, if you will, to brett kavanaugh, the president's ultimate choice. of course, he did get in. it was a very, you know, divisive nomination fight and indications are this will be as well if it ends up being barrett, because of religion.
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she's a catholic. came into full focus especially with some comments that democratic law makers were making at the time. i remember senator dianne feinstein saying in almost yoda-like terms, the dogma lives loudly within you. how do you answer that when you are charged with a dogma that lives within you? she fully owned up to her catholicism but said it would not influence her voting and her decisions on the high court. the commentary writer from "the washington examiner" joins us. regardless, this is going to get nasty, isn't it? >> absolutely. the problem is religion usually wasn't really the focal point for many supreme court nominees and for amy coney barrett, who is a devout catholic, you said it, the dianne feinstein dogma comment still resonates three years later after her nomination to the court of appeals.
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it's going to be interesting because do you apply that standard to other nominees in the future and if you happen to diversify the supreme court to say, to extend to the islamic faith, where sharia law is a concern for a lot of americans, does that come up, is that in the line of bigotry? we are about to find out. neil: you know, also, there's a dogma issue with pro-life. it doesn't seem to be a dogma issue to questioners if you're pro-choice. i'm just wondering if this will simply go along party lines. ever since mitt romney indicated he was open to a confirmation process, that's not to say he would support the president's choice, but open to a confirmation process right now, the thinking seems to be that aalo along party lines largely, they will be able to sneak in a supreme court pick. do you agree with that? >> oh, absolutely. there can be along party lines so long as mitch mcconnell is
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able to get those votes. i don't see any reason why even mike pence would step in and cast the deciding vote. just a little more on the catholic faith of amy coney barrett, it's a slippery slope. i think there's a way for democrats to actually navigate these waters and making an opposition to barrett without making it about her catholic faith. there has been some, you know, rumblings and grumblings on twitter, for example, about barrett's faith, but for mainstream senate democrats you haven't really seen nearly as much opposition to her faith, but again, there is concern for americans that her faith could inspire her to interpret the constitution differently. but she is -- her mentor was antonin scalia. she clerked for him. he was a devout catholic as well and originalist and textualist. if barrett ends up being nominated, a lot of people are
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arguing she is the female version of scalia. neil: interesting. you know, another thing i have heard, i know lisa murkowski of alaska, susan collins of maine, didn't want this process to begin now. but they would obviously vote when all is said and done, right? so what do we know about what they plan to do? i know they wanted to presumably opt out of this process, it makes a big difference to susan collins because i think she sits on the judiciary committee, but what will their role be and can they, will they vote yay or nay when this process is done even though they don't want that process happening now? >> i can see there will be a swing vote, whether it be a moderate democrat like joe manchin, for example, who ran in 2018 for his midterm election. susan collins sort of fell on the sword voting for kavanaugh while joe manchin can then vote
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for kavanaugh as well and be able to retain his seat. i can see sort of the flip of that, where joe manchin announces he's voting for president trump's supreme court nominee, and giving cover for susan collins so that he takes basically most of the fire. neil: what about doug jones in alabama, who won that alabama conte contest? it was an odd event, like a supernova event. alabama is a very very conservative state. i just wonder, could he tip to the president's pick? >> you know, i think when it comes to gaming the senate for democrats, i believe, you know, my instinct on this is senate minority leader chuck schumer would probably give doug jones permission to vote for amy coney barrett or any other, whether barbara lagoa, whoever president trump nominates, in order to keep his seat because the agenda of senate democrats, they have
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this bold agenda, talking about court packing and possibly abolishing the filibuster and doug jones loses his seat, there's a good chance they will stay in the minority. neil: real quickly, on amy coney barrett, one of the other reasons i heard why she is being considered is she has been thoroughly vetted. her appeals court appointment, that of course was the famous exchange with dianne feinstein. what we know, we know. there will be very few surprises and the administration wants to make this as quick a process as possible. is that influencing the president on this ultimate choice? >> it should influence the president's choice. does he have a candidate who has not been vetted and you are giving democrats and the opposition a reason to call for more hearings and delay the process. we are around 40 days to the election. republicans want to see this pushed through as fast -- as quickly as possible and you have
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a few decisions that i'm sure will be questioned. barrett's opinion on campus sexual assault and allowing defendants to sue campuses over their handling of the cases certainly will be coming into question. but there is at least hope for some police reform advocates and libertarians, civil libertarians, you talk about her role, her opinion on qualified immunity and that there was basically a detective who wasn't eligible for it because they falsified information to get an arrest warrant. barrett has sort of at least a few libertarian positions as well as conservative ones. but she might be the most popular pick out of all of them. neil: we shall see. we will know tomorrow. thank you very very much. by the way, we will be pre-gaming this tomorrow on our live show, when we are going to look at this decision.
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neil: you know, interesting deal with astra-zeneca in the eu where some liability protection immunity, if you will, partial immunity, was built into this arrangement. we've got the very accomplished attorney with us to talk about this. i know it isn't complete liability protection but it's interesting. it got me thinking which is always dangerous, that other drug makers are going to want those same type of assurances. right? >> sure. why not? i think it's a very creative public/private partnership and if you really take a step back on this story, i think this is the feel-good business news of the covid crisis. you have this unique partnership between astra-zeneca and the eu
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where there has been agreement from the company, they have taken a no-profit pledge to develop this through the entirety of the crisis. they will have no profit. they are going to develop each vaccine at an estimated cost of only about $2.90 which is pretty reasonable, and in exchange, as you have correctly said, the folks in brussels have struck a deal with the company where they are going to take above a certain level excess liability for this production for any kind of fallout, for adverse effects, for the emergency launch of this vaccine and then provide that backstop to the company. so this is a very powerful story, it's a very positive story and it really shows how the public/private partnership can get very creative during a time of crisis. neil: i'm intrigued by that. if i'm pfizer or sanofi or moderna i will look for the same type of thing, right? >> absolutely. it's really interesting because when you look at it from the eu venue, sanofi is the only other
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company that struck a deal with brussels to have another kind of emergency vaccine launch program in the eu but they didn't get that kind of a deal and the reason is because they have a vaccine price target that's quadruple that of astra-zeneca so they went for the profit, not that there's anything wrong with that. now astra-zeneca has really taken a unique approach on this and i think that it really provides a very unique opportunity. they say they are going to be able to deliver 400 million vaccines to several countries in the eu this december, and if that happens, astra-zeneca has a key that's going to unlock a lot of power both in the global economy and in the stock market. neil: that's wild. i want to thank you very much, coming and helping us sort this out. that could be a very big development. i want to go to charlie g gasparino because we are focusing on both candidates gearing up for the big debate but a lot of people are looking at these polls, looking at joe
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biden still leading so naturally people think the next leap and start thinking about who is going to be in his cabinet, his treasury secretary, if it were to come to that. what names are you hearing? >> yeah. the biden people are definitely drawing up short lists on cabinet positions, i'm told. the candidate himself has not weighed in, though, just to be clear. i think he's more focused on the upcoming debates and obviously he's got to win the election. but the advisers are drawing up the short list and you know, let's face it, we cover business here. that's my cup of tea. so everybody's really wondering who is going to be the next treasury secretary. there is a short list on treasury secretary. let's be real clear here. i don't think, at least this is the current thinking by the biden aides, that a seasoned long-time wall street executive is going to get that job. larry fink of blackrock is clearly on the list. he owns -- he's clearly
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qualified, he's been doing money management at a very high level for a long time. but his chances, i am told, are slim to be treasury secretary because it's just going to have to be a confirmation battle, particularly if the democrats win the senate, he's going to get roasted by elizabeth warren, the famously progressive anti-wall street senator from massachusetts. i will get to her in a minute. so who's likely to be named at least as of now? obviously this stuff changes. the names i'm hearing is brainard of the federal reserve board, ferguson, an interesting choice, he's a money manager but -- you know he manages money for teachers. john rogers, any of those choices would make history because they would either be the first woman or first african-american to be named treasury secretary. also on the list, this is again a long shot, elizabeth warren, which would drive wall street
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absolutely bonkers. again, lower odds. i think that's lower odds than even larry fink. she would have to give up her senate seat and i believe there's a republican governor in massachusetts who would fill that so that would be -- that's long odds. there you go. as of now, that's the treasury short list. when we get more we will be on the air. back to you. neil: all right. there's one name you missed. charlie gasparino. >> i would have to be a democrat. neil: that's odd for you to mess up. >> it's interesting, neil, i'm either a never trumper, a democrat. i write some very positive things about the president but i'm not a democrat. i want you to know that. i'm not a democrat. neil: some people think i'm overweight. it's the craziest stuff. charlie gasparino, thank you. nasdaq is turning positive on the week right now. the other major averages are down on the week by a lot. not the nasdaq. after this. ♪
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reporter: you don't have to go far to actually see the problem with the airline industry here. you can hear my echo inside the airport. the tsa said yesterday, 826,000 people went through checkpoints in the united states. sounds like a big number but september 24th, 2019, 2.5 million people actually walked through the checkpoints there. the lobby group for the airlines says collectively the companies have a multi billion dollar cash burn rate, losing money through the first quarter of 2021. >> thought things would be getting better by now. they are not. the situation is that we are losing about $5 billion a month still. people are just not flying. so we are hopeful that there will be an uptick right now, but
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it doesn't look like it's going to happen for some number of months. reporter: as the cares act runs out the last day of september. the ceo for major airlines says -- made personal pitches to the white house last week, congress this week, to try and get the payroll support program to extend for six months. if that does not come through, this is how the ceo of american airlines said next week would go. >> on october 1st, those are in place, the individuals know who they are. they believe that's going to happen. we are doing everything to make sure it absolutely does not happen. it would be a very horrific event, i think, if that happens given all the support. reporter: delta is in the best financial position because the front line workers and staff on the ground volunteered to take some leave. still, more than 1700 pilots
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could be laid off. in american airlines, they are saying 16 cities no longer have service from them. a source tells us possibly 15 more cities could be added to that, because they are having real financial hardships. there are no passengers. back to you. neil: thank you very much, edward lawrence. in the meantime, we are keeping track of the president earlier on talking up opportunities for hispanics, latinos for trump, and now in atlanta, talking up black economic empowerment. these are not coincidences. charles payne, savvy moves on the part of the president, joins us now. what do you make of this? >> i think they are fantastic moves. you know, the one thing i will say with president trump is he has been reaching out to black americans, black voters, black businesspeople. even when he was on the campaign trail the very first time. and he's had some really great results. they don't get a lot of amplification in the media, but
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i think he's tapping into something. the desire to be -- for entrepreneurship in the black community is as high as it's ever been. particularly with young black americans, you know. you listen to the music, you talk to the kids, it's just amazing. they want to do it, they want to work hard, they want to be great, and one of the problems is access to capital. one of the problems is just not knowing exactly how to go about it. all these paths, a lot of these avenues are still unpaved for them. but they want to do it. they want to get there. neil: you know, the president, i think got about 7% or 8% of the black vote in the last election. i could be off. do you think he will get more this go-round? >> i think he will definitely get double digit black men. i think he will get about up to 15% of black men. i think he will get about 5% or less of black women. it is bifurcated.
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but i believe -- he got a lot of black male votes the last time around as well. some of these states, though, it could be the difference. there are so many tight contests out there. it could actually be the difference of him winning some of them. neil: all right. meantime, you have the coolest office on the planet. your show in 15 minutes. >> i got to show you the pinball machine one day. neil: oh, man. you have everything. they love it. they love you. charles payne on all of that. by the way, they are ready to play football again, pac-12. they are on. it might be a limited season, might be a shortened season but they are on. the guy who runs the pac-12, the commissioner, larry scott, here next.
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neil: better late than never, because pac-12 football is on. by the way, so is basketball. all of that slated as well. but seven-game football slate ready to start in november. this will still allow teams to qualify for winnowing down to the ultimate championship. the pac-12 commissioner larry scott with us right now. commissioner, how did you pull
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this off? so many people were thinking this was not going to work, was late, everyone else had already filled out their dance cards and arranged it, then lo and behold, you got this done over enormous cynicism. what did you do? >> appreciate you having me. there have been a lot of challenges we've had. we made a decision back in august, postponed the start of the season, concerns about the spread of the virus in our states where we play. most of our campuses are largely remote learning. very few students on campus. and we didn't have access to adequate testing. the real breakthrough started when we got access to daily rapid result point of care testing, a deal we did with the quidel company in san diego. we will be able to now test student athletes every day. we have cardiac screening in place for anyone with covid.
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we have had challenges in some of our states. we have had fires out here in california and oregon, we have public health officials, there were plenty of barriers but we have been methodical, cautious about it. health and safety in mind first and foremost. we figured out a way to get there and still preserve part of the season. that way our teams can still qualify for the college football playoffs and it will be meaningful for our student athletes who desperately want to play, but only if we can assure them and their parents that we do it with their health and safety in mind. neil: how much influence was when the big ten decided to make a go of it on top of all these other conferences that were sitting on the fence, now committed to play, some a full regimen of games, others two-thirds and similar to you, half the number of games? how much did that sway opinion? >> well, it was significant, you know. our schools have a lot in common with big ten schools.
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but at the end of the day, our challenges were unique in terms of what's going on at our campuses, the public health officials restrictions we had in place in some of our states, our medical advisers feel like we needed daily testing for it to be safe, and that the contact in football and basketball is not going to lead to the spread of the virus amongst 18 to 25 population which has seen the biggest spikes in the spread. regardless of what any other conference did, these were the challenges we had to overcome and slowly, methodically, thoughtfully we got there. neil: so many of your teams are in these states that have the strictest provisions in all the country. i'm talking about between southern california, oregon, oregon state, washington, washington state, i could go on and on, stanford, they have very very strict rules in terms of no one in the stands. is it fair to say that you will be playing to empty stadiums at
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these locales? >> yeah, we'll be playing with no fans in the stadium but obviously millions watching on tv, and that was another interesting discussion, do you want [ inaudible ] even though fans can't be there. first and foremost, our priority is the student athletes, that part of their academic pursuits, their sport is certainly tied into their identity [ inaudible ] we still felt it was the right thing to do to move forward, give these kids an opportunity to play. neil: it will be seven games and how will this go? how do you make, you know, obviously the big tournament, the big bowl games, how is that going to be organized with others? >> yeah. well, normally we've got a pac-12 north, pac-12 south. everyone is going to play the teams in their division. we'll have a champion in south and north and they will compete in the pac-12 championship game
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on fox on friday, december 18th, and then we'll see. if we have one of the top four teams in the country, our champion will compete in the college football playoffs and other teams will go to important bowl games. there's a selection committee at the college football playoffs, 13 people that will make that decision. this year their job is going to be tougher than normal because normally it is the same number of teams. this year it will not be the case. notre dame is an example of a team that won't be able to play this weekend. teams plan to play but we will see how that goes. the virus is causing some things to shut down and not be able to play. so this year, there will be more subjectivity than normal but we are sticking with the playoffs like we've had it and do our best to choose the four best teams to compete for that national championship. neil: i have no doubt. i'm expressing my biases here, commissioner. my son goes to clemson. just started there. so you could be just wasting your time with all of this, but touche. we will see how it goes.
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congratulations. very good having you. they always say the team that starts number one at the beginning of the year doesn't end number one at the end of the year. i don't know if there's any truth to that. but my son loves orange now. loves that color orange. all right. we'll have a lot more going on today. we've got a high of the day, certainly, for the dow. it's going to be a tough way to get the whole market, the dow and s&p in positive new territory, on the week but the nasdaq certainly is. that's a big comeback right there. more after this. 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 for smarter trading decisions. fidelity. (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back,
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neil: we're following this comeback particularly in tech stocks right now. that explains why even though the dow and the s&p look impressive, the gain right now we have seen on the nasdaq, technology stocks have been taken on the chin of late, look at what amazon is doing above 47 bucks, and facebook and alphabet and microsoft and apple. that's reason enough for the nasdaq to just get into positive territory on the week. the other two averages, they're going to have a tough time avoiding a fourth straight down week, but not again to the nasdaq. one of the reasons that people are maybe getting potentially ahead of themselves is the idea that a stimulus bill could still be had and that's potential victory for airlines and particularly airline stocks if it comes to pass because tucked into that measure, again, if it were to come to pass, is about 25 billion dollars in relief for
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the airline industry. but again, republicans aren't keen on it right now saying it is too expensive at 2.4 trillion dollars, and the markets are a long way from their days, want to see such a package materialize and the sooner the better. we will see what happens. i will hand it off to my good friend charles payne. hey, charles. charles: thhey neil, thank you very much. good afternoon. i'm charles payne. this is "making money". we have a lot of cliches that should make us feel better, healthy correction, overdue pullbacks just a bump in the road. by the way all of these have some measure of truth but there's also a lot of concern and unanswered questions. we will delve into them and offer answers throughout the hour. also supreme court justice ruth bader ginsburg making history as the first woman to lie in state at the u.s. capitol today and tomorrow president trump will announce his pick to fill her vacant seat
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