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tv   After the Bell  FOX Business  October 6, 2020 4:00pm-5:00pm EDT

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etf, qual. these are higher quality larger companies that have lower volatility overall. [closing bell rings] lastly if you want small caps, fyt, first trust value cap alpha. liz: gotcha. there is the bell. sam stovall a volatile session. time for "after the bell." connell: calling off negotiations, stocks tumbling after president trump ends the stimulus talks he says until after the election. we're down across the board. good to be with you, welcome to the show. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." major averages erasing earlier gains, closing near the lows of the day and retreating from one month highs. fox business team coverage for you now. edward lawrence is in washington.
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hillary vaughn on site at salt lake city for tomorrow's debate. edward we'll start with you. president trump shocked the market, democrats, and told his representatives to stop negotiating because the democrats are negotiating in bad faith. he started out his tweet saying that house speaker nancy pelosi wants $2.4 trillion package to help poorly-run, in his words, poorly-run high crime democratic states. money no way intended for covid-19. adding she is not negotiating in good faith. the president is saying he is rejecting their request, instructing his representatives to stop negotiating until after the election. he urged senate majority leader mitch mcconnell to nominate and approve his supreme court nominee. this comes on a day that the federal reserve chairman jay powell also stressing that stimulus, more stimulus for the economy is something that is needed. he laid out how in the first cares act the federal government, help from the
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federal government and the federal reserve helped steve irv jobs. it also helped long term damage. he says if the stimulus package is too we risk a smaller recovery. >> the risks of overdoing it for now seem to be smaller. even if policy actions ultimately prove to be greater than needed they will not go to waste. the recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods. reporter: now we may have no fiscal stimulus for at least the next four weeks. dallas federal reserve president robert kaplan told me projected a third quarter 30% gdp growth, fourth quarter big boom if there is fiscal stimulus. without he is bringing projectionses down. house speaker nancy pelosi just
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releasing a statement saying clearly the white house is in disarray. she adds in the statement sadly they are rejecting urgent warnings from the fed chairman. today also walking away from the coronavirus shows his contempt for science and disdain for our here rose in health care, first-responders, sanitation, transportation. obviously the house speaker very concerned about this situation. markets also very concerned about it. back to you. melissa: all right. thank you for that. i don't know, i don't know if nancy pelosi is concerned or if she is just like the president recognizing they're not making any headway there, connell. i don't know, what do you think? connell: right now i would add the reporting thought what edward said from charlie gasparino was really interesting last hour the real story from what he is hearing mitch mcconnell didn't have the votes, rather than the president wanted to call off these talks. next few days especially with the vice-presidential debate coming up will be interesting. we'll see how it plays out.
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melissa: definitely. yeah, to ashley webster following the market reaction. ashery? ashley: not great. almost the worst day for the markets in two weeks. what a difference a tweet makes. for much of the session the markets have been moving sideways as investors waited on congress with the latest on the stimulus bill, also assessing the state of the economy, the final run-in into the presidential election. a lot of things to digest. at 2:48 p.m. the dow sold off sharply. more, 3, 4, 500-point turnaround that after president trump said he called on his administration indeed to stop negotiating on the coronavirus relief bill until after the election. a big blow for many sectors, not to mention the airlines. but at the close as you can see all the red ink. all major indexes down well off 1%. the dow off 375 points. down at 420 at its very lowest.
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nasdaq, big tech also taking it on the chin down 1 1/2%. let's look at some of the biggest losers on the dow. we have boeing there. it gave its annual forecast today and it was not exactly a rosy picture. the company saying global jetliner demand will fall by 2000 planes over the next decade because of the pandemic and it is impact on air travel. boeing off nearly 7%. apple announced plans for a virtual event one week from today that is widely expected to be the latest rollout off the new iphones even though the announcement doesn't say that at all. it is all part of the game apple likes to play. we try to interpret or some do. apple widely expected to unveil four all new iphones able to use the new wireless 5g technology. tech investors are losing ground as they are requiring to figure out how to play the overweight u.s. technology shares still trading above their long-term
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valuations. it is not just tech stocks as you can see. american dress down 2% even though goldman raised it is price target a buck to 118. home depot a pandemic winner for sure, also losing close to 2% after news that the trump administration won't negotiate a new stimulus bill until after the election. not so much money in peoples pockets to do the dyi projects around the house. as for the economic data today the number of job openings unexpectedly falling in august. the total came in at almost 6 1/2 million. short of the 6.68 million estimate. we are definitely seeing a significantly slower pace of hiring than we saw back in may or june. hiring is roughly where it was before the recession which is not great guys, with more than 12 million jobs still to make up. melissa? melissa: all right. ashley, thank you for that. connell? connell: let's talk about how this might affect the big debate
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tomorrow night. mike pence, kamala harris gearing up for the vice-presidential debate that will take place in salt lake city, utah. they're calling off the stimulus talk, could open up another line of attack potentially for senator harris. hillary vaughn is already on site at the debate in salt lake city and joins us for the preview. hillary? reporter: connell, tomorrow night's vice-presidential debate could be one of the most critical in history because we're in a rare moment of time where the sitting president running for re-election was hospitalized just a month before election day and the democratic nominee, if elected would be the oldest president in history so that puts vice president mike pence's record and senator kamala harris' record under a microscope as two people who could be in line for the presidency. harris has major policy differences between the gop ticket andless the man on top of her ticket, whose platform she backs now during the primary she was much more progressive than
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biden. harris has been on the ground in out saw utah for days. the last time she debated policies were different. something biden strongly opposed. harris also supported the green new deal. biden does not. harris voted against the usmca trade deal. a deal that biden has reluctantly praised as better than nafta. harris also want as full repeal of trump's tax cuts while biden wants to keep cuts, some of those cuts in place for anyone making less than $400,000. both candidates have been holding mock debates preparing for tomorrow night. "axios" reports for the harris team former mayor pete buttigieg is playing pence. for the trump and pence team, former attorney general pam bondi is playing harris. after tomorrow's debate we're getting more information about what pence will be doing. he heads straight to the home state of indiana where he will cast his ballot in early voting
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there. connell? connell: hillary vaughn, salt lake. it is interesting, melissa. there is lot of debate how much the vice-presidential debates really matter. at the end of the day many times they don't. maybe it is different this time. the current vice president will have to answer for the white house's handling of covid including the president's dealing with it himself and now the stimulus tanks. obviously a lot of pressure on senator harris as well. this one is a little more interesting than usual. melissa: i think so much more interesting and exactly for those reasons but also if you look at vice president pence has been in charge of the coronavirus task force. so he is pretty much the perfect guy to have to quiz about how this administration has responded, what has been good or bad. he is a great person to get out there to defend it. with kamala harris feels like there is a lot of distance between her and biden's policies and this would be a great opportunity to drill down on that there. so i'm definitely watching.
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meanwhile race for a vaccine, white house agreeing to a rigorous vaccine review proposed by the fda. where things stand. plus, bracing for landfall, hurricane delta intensifying into a category four storm and taking aim at the gulf coast. we're tracking the storm's path this hour. a sign much the times. why more people are finding jobs in one key industry. stick around.
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♪. connell: it is a price just too heavy to pay the months long protests in seattle and portland forcing hundreds of businesses in those cities to close, and to close for good. fox news correspondent dan springer continues to cover all of this. he is live in seattle with the very latest. dan. reporter: yeah, connell, it has been a vicious one-two punch for a lot of businesses across the country and especially here in the pacific northwest. first it was coindividual and then of course the chaos. look at this iconic seattle car wash, it has been at this location 64 years. it has been a institution. everyone in the city had their
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car washed here. it is closed down, fenced in, according to the owner, frequently vandalized. protesters for racial justice have been at it since late may. frequently involved with property damage. over the weekend a starbucks was hit with two explosives, a lot of damage. 162 downtown stores are closed for good. many are hanging on but have plywood covered windows and doors. big employers like amazon have people working from home. the only people on the streets are homeless. one business owner has been vandalized in four months. >> the first after the big protest happened. that was the first break-in. we lost about 80% of our inventory on that day. reporter: many are blaming city leaders for allowing the violence. a seattle times columnist said
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the council is opposed to business. the council's loudest voices are running a revolution. >> if you break a window, if you put somebody's life in danger, you ought to face consequences. there should be no borderlines how we're dealing with those folks. reporter: many other cities are saying the same problem. certainly in chicago, minneapolis, hundreds of businesses have closed in portland. here in seattle the answer has been to get rid of cops. 100 officers have been eliminated just this year and the council is promising more next year. connell? connell: sad story in so many ways as you say, dan, first covid and then chaos. melissa? melissa: here now is james freeman. he is assistant editor of "the wall street journal"'s editorial page. he is also a fox news contributor. you guys had a wonderful article in the journal today, i think it was today talking about the covid economy carving deep divides between the haves and
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have-nots. and you illuminate more about what that k-shaped recovery could look like and it's not the thing that even we've heard necessarily vice president joe biden describing or what a lot of people think of. it is this idea that there, it is not necessarily that the wealthy are moving up and the poor are moving lower, it is this idea the economy is divided not quite in half but into two sections. people have done better either because they work at home or because they work in an essential business or they work at amazon. all the kinds of things that everybody's doing right now, a delivery person from you know the local restaurant that might be doing better because they're doing some deliveries. it is not necessarily rich versus poor. some are doing better. there is this group whose business has been crushed and really shows very little hope of coming back. who do you put in that category? i guess i would ask you next
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what do we do about that? >> people who are not blessed to work at home are in a terrible situation. in new york city we see it worse than other places. we've seen the unemployment rate is so much higher than many other parts of the country. that is because certain industries cannot simply function. new york city is one the of the few places that basically has a total ban on theaters, movie theaters and theatrical productions. we see times square emptied out. haves and have-nots. they tend to be wealthier people who can work from home, who can work online, who are knowledge workers, tend to be doing okay. and, a lot of other folks if they're in retail, restaurants, anything related to the hospitality industry it has been very tough. even certain other sectors where the covid rules have added enormous cost to operate in a
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business. after a while, when the covid restrictions and the riots and so forth i think a lot of business owners have to ask themselves, is it really other it? melissa: yeah, obviously hospitality is one, a huge industry. most workers in new york. it is unclear when it will come back. eventually people are going to go back to disney world, for example but in the long run do you worry for the viability of indoor entertainment like move voice? what else fits into that category? i think about, you think about the airlines and how much they're hurting. we are eventually all go back to flying because we are going to go places but what do you think goes away permanently? >> i hope nothing. i hope sanity prevails. we saw a lot of doctors, a lot of medical experts signing on to this great barrington
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declaration, urging exactly the opposite of what new york, new jersey have done. new york, new jersey the two most deadly places in terms of covid, locked down everybody, including people at low risk but failed to prioritize the protection of elderly especially in nursing homes. i would hope eventually people would be comfortable, especially, it is not so much people, we need politicians to be comfortable saying if you are at low risk you can go to a restaurant, you can go to a movie theater. you can go to public events. you can participate in sports. kids can go to school. these are not high-risk events for people who are not in that elderly category or do not have a very specific condition for most people this is not a highly deadly disease. so i keep hoping with talked about this before, but i think it is just a question of people putting covid in perspective
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along with the other risks we face in our life and for many people, for most people, there are bigger risks in life than covid. i think that is part of what the president was trying to say this week. obviously he got criticized for it. but i think a lot of doctors would agree. melissa: yeah. i mean we're going to talk about that later coming up in the show. i was thinking the very same thing the words you were saying as they came out of the president's mouth more or less, there were journalists and news outlets across the country ripping their hair out saying that he is risking human life all over the whole country by saying these things that don't let the fear of covid dominate your life is a really radical and dangerous and horrible thing to say out loud. so i don't know. we'll talk about that part with the president a little later. go ahead. yeah. >> yeah. we've seen the costs of all of
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the devastation. you go around new york city and it's people who lost opportunities, lost businesses. it is not the vibrant city we knew. a lot of jobs but, have been destroyed. this has real costs. impact on children not going to school. we talked about them not getting an education. mental health issues. this is not sustainable to have people living in isolation and unemployed. it seems weird that we have to say this but, i feel like a lot of politicians still haven't gotten the message. melissa: james, thank you. see you soon. connell? connell: all right. melissa, well, tax hikes on the ballot. residents in several states that have been hit hard by the coronavirus voting on measures that could result in tax increases for citizens and businesses. the proposes hikes, a move by many state and local governments to try to generate revenue lost from economic shutdowns. we'll be right back
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♪. connell: so the white house is now dropping any objections it had to agreeing to a rigorous vaccine review that was proposed by the fda. this could be pretty big news as we look at the likelihood of one, a vaccine will be approved. now it means unlikely we'll get any kind of authorization before the election. the director of infectious disease joins us at the university of alabama birmingham. thank you for coming on with us again. we appreciate it. there seems to be back and forth on this the white house was holding this up for review. now they will let the fda guidelines go ahead. that basically means you have to follow around the candidates for a couple of months and keep an eye on them essentially. that means that we're moving out past november 3rd. is this something that is very important to do or? >> yeah. i think, connell it's very, very
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important. normally with any vaccine development we have two objectives. one is to prove efficacy, does it work and the second is safety. in this particular vaccine we also have to re-establish trust in the process. so the move today in terms of going with a more rigorous approach will allow us, once a vaccine is approved for the public to understand exactly what happened and therefore be able to trust it. because forcing a vaccine out the door so quickly no one believes in the process would be a disaster. so i think it was a wise decision on the part of the white house and i applaud the fda for their diligence. connell: so you think this will actually make it more likely that we have more buy-in from the public which is more vital, more people willing to take the vaccine. what will it do in terms of the timing of the rollout. will it delay it much? >> it might delay a couple
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months. let's dig into this a little bit when i say efficacy when people get the vaccine versus a control group that got a placebo, those individuals would be protected 50% over the control group, so there are 50% less infectious. the higher the degree means it is more effective. the second with safety. we saw with the astrazeneca vaccine, was halted because one person had a transverse mylitis those things we have a observe for two months after the person last goat a vaccine. we're enrolling in studies very aggressively right now. it will bebly fst quarter of 21 we might see examples assuming that the popua
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realistic time frame to expect that you know, regular people can have, not front line workers necessarily, just regular people will have access to a safe, reliable trusted vaccine? what is realistic? >> so in this particular case it is highly expedited. normally once a vaccine's approved then you got to build factories to produce the vaccine. our government has invested in that scale-up ahead of time. so once it gets approval there will be probably several million doses almost ready to go. so i expect by, let's say it is approved first quarter. then by second quarter, average folks will be able to get it however, if i think, if we're going to approach this from a public health standpoint we find that people at highest risk of developing bad symptoms and vaccinate them first and then move on to the general population from there. it is going to be probably over time six month to one year rollout but i'm optimistic that
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assuming the vaccine work we can get this out probably by the first part of 2022 and have people protected. connell: all right. so a little longer than maybe some people had been thinking but safer and we'll have more confidence in it. but it is important for people to know that. i want to ask you about one more subject, dr. saag, we know the president of the united states has been treated for covid. whatever people think about itlyally speaking of confidence, something american public shut take away from his treatment? we don't know all the details but so far that the president is making a fairly speedy recovery after having what may have been a rough dose of the virus. is there something we should takeaway in terms of the general public about how much progress we've made in our ability to treat this virus? >> yeah. i think there are two big messages for all of us. the first is the remarkable speed of scientific development in this field. i mean let as just think back. we didn't even know about this
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infection in december of 2019. and now we're 10, 11 months away from that, we have vaccine candidates and trials. we've got several therapeutics, some which were used with the president just this week. and, we have knowledge of hough to protect transmission in the environment with masks and distancing and the like. but the second thing, i think the president's story tells us and reminds us very soberingly, this virus doesn't care who you are. it will take any advantage it can to infect someone, be it the president of the united states or someone at a church social. so this is what we need to keep in mind. we have to of course vigilant all the time. protect ourselves, our families and communities by doing the things we know to do. i'm hopeful the president recovers quickly. he got a very innovative anding a agressive treatment course of these two new anti-virals in dexamethasone.
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i think it should work and hopefully he will recover quickly. connell: all right. dr. michael zag you've been very helpful explaining the processes to us. thank you for coming on again. we appreciate that. melissa. melissa: hurricane delta exploding into a major category 4 storm threatening thousands of americans along the gulf coast. we'll have an update on when the sort is set to hit peak intensity. that's next. plus the nfl is escalating the repercussions for teams that violate coronavirus protocols. the possible impact on the future of the season later this hour. better than earth? a new study has identified 25, 24, pardon me, potentially super habitable planets that may have conditions more suited to host life. the scientists say the planets are slightly older than earth, warmer, they may contain even more water content than our
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♪. melissa: "fox business alert." big techs falling after hours after the house antitrust committee released a nearly 500 page report detailing market power abuse by apple, amazon, google and facebook. the report specifically calling out amazon for the e-commerce giant's appropriation of third
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party sellers data and stealing ideas to benefit their retail business. the report does not call for breakup of any company or blocking of any particular merger. connell. connell: all right. let's get to the storm. it is rapidly intensifying category 4 storm now. hurricane delta expected to be extremely dangerous as it charges towards the gulf coast. fox news adam klotz is following it in the weather center with the latest own the path. adam. >> connell the storm gotten really big really quickly. started out as category 2. now a category 4. 145 mile-an-hour winds. it is near the yucatan peninsula, it will make landfall this evening, running into tomorrow morning eventually getting into the gulf of mexico aiming for the united states. we do have hurricane warnings around the yucatan peninsula. folks are familiar with cancun,
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all areas it could eventually make landfall next couple hours this is the future forecast. it shows it running over the island overnight into tomorrow. winds will be very powerful with the storm surge and heavy rain. we get back into the gulf of mexico. the time frame getting up into the northern gulf louisiana, as far as up to the east as florida panhandle. we're talking about friday into saturday. it will weaken a little bit first and strengthen once again. there is still a little bit of time for this one. this is another major storm we're tracking running into areas where we've already seen a whole lot of problems. connell? connell: no doubt. that is a big one. adam thank you. adam klotz. melissa. melissa: a hospital defunding a hospital? "washington post" columnist jennifer rubin slamming the president's release from walter reed tweeting, congress might want to defund walter reed as a public health hazard. she said, a 74-year-old obese man with covid who might have lung damage and a pattern of
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disregarding medical advice is returned to an environment in which he may infect others. what planet does connelly inhabit? where is the the rest of walter reed? the vp? they are remarkable cowards. here to discuss is charles hurt, "washington times" opinion editor. he is also a fox news contributor. i mean, we aren't the only ones to think that this feels a little bit insane. some of the other tweets from people who are not right of center here, you're embarrassing your colleagues at the post. this is ali, a "huff post" contributor. never base your entire political orientation worshiping or disliking one politician. another journalist said, i mean what do you think of someone writing this and saying this i guess before was a serious person? >> well, obviously.
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i don't think, i don't think that you could be a serious person and then develop into this without some sort of serious mental disease taking over and maybe that is what is at play here with trump derangement syndrome. these people are fundamentally unserious. this is jennifer rubin, this is kind of a bozo nobody paid attention to. she got her schtick -- [inaudible] she embarasses the post [inaudible] [audio trouble] "the washington post" has become. she is. melissa: charlie, i think, hang on one second. go ahead. it seems like it came back. go ahead. forgive us. your shot went away for a second and now it is back. go ahead. >> she is perfect reflection what the "washington post" has
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become. this was the newspaper of recorl government, washington, d.c., for a long time. this was at least a serious newspaper. they had, you know, i grew up down in southern virginia. my father always got "the washington post." i grew up reading it. i grew up admiring it. it is embarrassing. i don't read anything in it anymore this is what it has become. what is so amazing about it. on one hand, the people get to the mountaintops. you need to trust the doctors. listen to the doctors. she is talking about firing all the doctors because she said something she doesn't like? melissa: yeah. >> talk about listen to the science. and turn around to use the science to weaponize it in politics. it is insane. if you want to know why trump is president today, it is because of people like this. because of people who work at "the washington post" who have completely gone off the rails and they have been these people for a very long time. why a lot of people who cover washington have given up, you
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know what? let's try somebody like donald trump. melissa: let me be the devil's advocate for a moment because this is what she was reacting to at least in part this has gotten so much criticism and we were talking about the it at the beginning of the show. the president saying in a tweet, don't be afraid of covid. don't let it dominate your life. so to some sounds like he is being, cavalier. that that is a dangerous attitude. that you know it is harmful to those who are listening to him. i listened to that and i hear things that we say similarly about cancer. you know we all know how serious cancer is. >> absolutely. melissa: but when you say don't let it dominate your life, you know, that you need to be strong, pull together, fight back, when you say you can beat it about cancer or if i had it, i said i can beat this, i don't think, i wouldn't be
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disregarding how dangerous it is. so why is it that the president, when he says it it is disregarding how dangerous the disease is? >> it is because we both know people who have, for example, gotten cancer and our first thought was, man i feel bad for that cancer because that person is going to kick cancer's butt. that is the kind of way a lot of people are but, but the thing here is, two things. one is, it is so disingenuous of these people to make these claims. these are the exact same people who are blaming trump for getting covid in the first place? so does that mean they're also blaming seven million americans who got it for being reckless or stupid, whatever? that is what their argument is. the second thing is, i get it. i know good people who do not like donald trump. i know, they have good reasons. of course their voice is never heard among the lunatics like this woman or at "the washington post" because they're so fraught with all this
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other nonsense. i get that his statement is an uncomfortable statement but it's a statement of leadership. it's a statement saying we have this horrible disease, a global pandemic, it has killed a lot of people. we are doing everything we can to move forward and deal with it and that's the way out of it because if we learned anything from the fact that trump got it, the most socially distanced human on the planet, it is that you can't, you can't sequester it. you can't hide from it. it is impossible. it is still going to get -- donald trump closed off travel from china. what happened? it went around the world and came in through europe. there is no way to avoid it. at some point we'll have to deal with it. that might be unpleasant truth, "an inconvenient truth" one might say. but it is reality. he is right. we'll have to figure out the therapeutics. we'll have to figure out how to deal with it, face it, and not
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let it destroy our lives. not let the fear of it destroy our lives. melissa: yeah. charlie hurt, thank you so much. connell. connell: all right. we have some sad news to report here. a short time ago we found out legendary guitarist cofounder of the band, eddie van halen has died. he had a long battle with cancer. his son actually announced his death on twitter. eddie van halen was 65.
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at fisher investments, we do things differently and other money managers don't understand why. because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you high commissions, right? we don't have those. so, what's in it for you? our fees are structured so we do better when our clients do better. at fisher investments we're clearly different. my hands are everything to me. but i was diagnosed with dupuytren's contracture. and it got to the point where things i took for granted got tougher to do. thought surgery was my only option. turns out i was wrong. so when a hand specialist told me about nonsurgical treatments, it was a total game changer. like you, my hands have a lot more to do.
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♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪. connell: the nfl is trying to crack down on covid the commissioner of the league roger good dell threatening forfeiture among other penalties for teams that don't comply with safety protocols after the league's first covid outbreak came with the tennessee titans. we're to talk about the nfl how it is managing through this season with evan williams a sports business reporter at sportico. thanks for coming on. it is obviously a big business decision and challenge for roger goodell and company to get threw it. is he serious about teams threatening and forfeit games.
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what do you think of that move? >> i think he is serious to a degree. this is obviously a last resort. i don't think roger would do something serious to forfeit unless as a last resort this is the price of doing a business of 17 billion-dollar enterprise who relies on 15 events during a pandemic. they went through the first few weeks where they didn't have a major covid test scare. that was not true in week four. that reality hit the owners and roger, maybe time to send a little reminder to tell players and coaches and teams, the protocals are there for a reason. if you end up breaking them, things happen that force a bigger postpone meant than we saw this past weekend there will be ramifications for that. connell: the titans didn't have any positive tests today. we know about the cam newton test which made a lot of headlines with new england.
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the big thing with the nfl, it is the most contact of sports. you have tons of contact. they're not doing it in a bubble. we'll see. there is no option. would they do some conferences in a bubble if things got tough or you have to call off the season if we have more outbreaks? >> not only thinking about it, i think they're thinking about it and talking about it. i wouldn't be surprised if they didn't do the playoffs in a bubble, maybe something more dramatic if something happens. the big variable is what the second wave looks like there are scenarios which i could see no fans at nfl games at all in december. i could see a lot more stadiums having a lot more fans. a lot will depend, one, what is happening nationally with the virus and then two, kind of more micro level, what is happening with the nfl. if they can avoid having situations like the tight are in now for the rest of the year i think they will be fine. if what happens with the titans
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becomes a thing with a weekly thing around a different team around the nfl, finishing the season the way they laid it out, essentially leaving the schedule as is will be a tough proposition. connell: have you looked at the cost structure for the teams and the leagues and you know, how much they're spending on covid just to be as safe as they possibly can? how much they're losing by not having many fans in the stands versus how much it is worth it to stay open and have television networks broadcasting their games, when it makes sense to keep going versus cut it off? what do the costs look like this year? >> it is tough to say exactly. one thing going for the nfl more so than any other league they're way less reliant on in-person ticket sales, and concessions there is only eight home games a year versus 81 in major league baseball. the nfl makes $7 billion a year in tv ratings. that is way more than even the next closest league. the nba is not at three billion.
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just the finances of the league with structure like that already makes them in a better situation than a lot of other, a lot of other sports teams. so no question, they will lose money, losing ticket sales certainly hurts some teams more than others. if i could offer you what the cowboys made in ticket sales versus what the bengals make in ticket sales every year, there is obviously a huge discrepancy there. the league is working to provide financial options. in the past month they took out three billion dollars of loans, to give you a sense how strong financially the nfl is. three billion dollars worth of loans rated a or a-plus by fitch. there are a lot of options if the teams want it and maybe they're in better shape than the nhl or the nba. connell: good stuff. thank you, evan williams. quick break. we'll be right back. dal anti-iny gel...
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♪ melissa: a growing appeal to become a realtor. grady trimble is in chicago with the details on this. grady. >> reporter: hey, melissa. we know more people are buying homes in the suburbs, and we know now more people want to be involved in those transactions as their realtor, especially people who will have laid off -- who have been laid off from their job. up 154% back in august, up 71% throughout the summer. and nationally we're seeing a similar trend, though not as dramatic. we did talk to a realtor in chicago brand new to the job who told us he lost his job in recruiting and chose to make the pivot right now. >> the market is good right now with covid going on, with the election coming up, it's a weird time. but it's one of those things, you know, no better time to start than the present, right? >> reporter: some people doing it for a little supplemental income, others doing it as a
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full-time job. it's not uncommon for there to be more interest in real estate as realtors during economic down turns. melissa? melissa: well, my mother-in-law is the best realtor in florida. go, martha thorn. there's an unsolicited commercial. "lou dobbs tonight." ♪ ♪ lou: good evening, everybody. the democrat presidential nominee, joe biden, has created a crisis that threatens his very candidacy. biden's most recent actions and his words have raised serious questions about when he possesses the mental and physical capabilities to carry out what has been called the world's toughest job. biden's campaign has been tepid at best. biden has stepped out of his basement only 14 times since the beginning of september. 14 times. and on the rare occasions that he has left home, biden has a failed to

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