tv After the Bell FOX Business October 7, 2020 4:00pm-5:00pm EDT
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biggest company in the world, they will ipo it. companies have so much assets. there is so much going on. [closing bell rings] liz: david marcus likes vivendi and kkr and ihc. we rerace all of yesterday's red e we're in the green. connell recovering from the selloff and doing it in a big way. stocks surging after president trump calls for targeted stimulus and that could help small business, it could help airlines. it is certainly helping the stock market today. i'm connell mcshane welcome to "after the bell." as we look at number, major averages closing near the highs. it is up almost 2% across the board. 530 points nearly on the dow. we get back all of yesterday's losses. we add a little bit more on top of that. we'll put all of it into perspective. cover all of today's top stories with fox team coverage. reporters standing by.
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lauren simonetti watching the market action. blake burman on the white house beat. hillary vaughn on the scene of the big debate, the vice-presidential debate in salt lake city. we'll get to all three of you. blake, with a lot to cover. the first things first. the president in the oval office right now? reporter: he is indeed, connell. i was talking to a white house official probably about 20, 30 minutes ago who told me the president is indeed in the oval office. i was told according to the white house official the president was being briefed on two matters. one, the monster hurricane out in the gulf right now that could potentially make land shore friday, texas, louisiana, mississippi, hurricane delta the president is briefed on the latest on the relief talks seemingly over at this point. the president wants stand alone bills. we'll get to that in a second. we also got a health update on the president today as he is now back in the oval earlier today from his doctor, who said the following about president trump, writing quote, he has now been
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fever-free for more than four days, symptom-free from more than 24 hours and has not needed or received any supplemental oxygen since initial whommizations. that is the latest on the president from the white house. clearly dictating policy as well, clearly on the job as we saw the tweet yesterday which he said no more negotiations. instead he wants targeted bills. the president said he would sign the following. another round of direct payments $1200 for individuals. extension of the ppp, small business loan program, 25 or 30 billion. and 30 billion to airlines so they don't have to furlough workers and can keep workers on the job. here is mark meadows today. >> the negotiations are off. we're looking for the potential of stand alone bills. there are 10 things we agree on. if the speaker is willing to look at those things on a piece
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by piece basis then we're willing to look at it. reporter: also today the office of the house speaker nancy pelosi said that the speaker of the house spoke by phone with the treasury secretary steve mnuchin. those two have been negotiating for weeks into months and the pelosi office said that they specifically talked about airlines today. and whether there could be a stand-alone bill on that end. something that pelosi has said she could get behind. connell, back to you. connell blake, thank you. let's dig little deeper into all this. this was one of the drivers, if not the main driver in the stock market yesterday. that was on the way down. today, it was on the way up we're talking about the possibility, chad of targeted stimulus. let's start with these talks being called off and the political consequences of that. from the people you're talking to on the hill. reporter: that's right. generally on both sides of the aisle they think the president
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owns this, especially interjecting himself into this process when mnuchin and pelosi had been talking for so long and calling off the talks. let's be very clear here, this election will be about the coronavirus. when you're trying to negotiate an overarching deal on coronavirus relief and the president calls off the talks, well that's on him. house speaker nancy pelosi and treasury secretary steve mnuchin had talked almost on a daily basis for a couple weeks there. there were a lot of republicans who didn't really think she wanted to get a deal but she insists they were getting close, inching closer day by day. >> i think it's a missed opportunity. you should ask them why they don't want to put food on the table, rent in the pocketses of the american people, crush the virus, support our heroes and the rest. we are, our bill is scientifically institutionally, academically documented to meet the needs of the american people. reporter: senate majority leader mitch mcconnell and other
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republicans argue the sides were just too far apart. democrats were asking for too much. >> the speaker never made a reasonable offer. we'll re-engage after the election as the president said. i think we do need another rescue package but because of the pending election we simply weren't able to get together. reporter: the problem here they always lacked the votes. this deal seemed to be drifting too far away from what republicans could accept. the gaps were too wide with costs if you came down too far from what the democrats wanted you would have attrition on that side of the aisle, democrat votes. democrats will take it through the polls, look in the house of representatives we passed two bills and republicans could not pass anything of late. connell. connell what about the idea of a stand-alone bill you always
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tell us it is about the math and whether you have the votes. what is the chance of one of these stand alone bills getting through? reporter: house speaker nancy pelosi has generally resistant to the piecemeal bills as you put it. airlines is something to look at. the president was calling for more direct payments, $1200. there was a proposal by mnuchin, an extra $400 a week in unemployment checks. a lot of republicans thought that was mnuchin's proposal that was too high. of course democrats probably thought that was too low, they wanted to go back to the $600 in the bill back from march. so you know they tried to move in the house of representatives an airline bill last week but that was blocked. we'll see if they can come back to have an agreement. they would have to have this signed off to bring everybody back into washington before they tried to move any type of stand-alone bill. connell: is that why mnuchin even though the talks are supposedly off is reingauging? it is kind of interesting he is
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after the president called off the wider talks? reporter: what that signifies is just how dire the situation is. lawmakers on both sides of the aisle, most members on capitol hill want to do something. the key here is finding what the something is. you have these layoffs are pouring in right now this is pretty terrible politically for republicans. it is not great for democrats but it is worse for republicans as we said at the top, the president called this off especially when the market was open yesterday. it will be very interesting to see how far they get. it is a disconnect between what the president said yesterday afternoon and last night. not having overarching talks. and people are so concerned, they're worried about the economy, what this will look like going into the fall and winter, connell. connell: interesting to see the markets react as positive today. one more quick thing, chad, is there anything the president could do on his own, or needs congress on all of this, even
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the stand alone bills we're talking about? reporter: that's right. for most things they will need congress. congress has power of the purse. a couple things they can do with executive orders. executive orders were in the summertime. people questioned how strong the teeth were when he put out there. you need congress to appropriate money especially gigantic chunks of change, even on low end for republicans 1.5, 1.6 trillion in republicans that is more than they spend in discretionary on capitol hill to fund 12 sections of federal government. you can't move money around. there is only so much money the administration can move around without a blessing from congress. that the problem. connell: thank you, chad. nobody knows capitol hill like chad pergram. thank you for taking the time. very important for people watching on wall street. lauren simonetti is doing that for us. the ups and downs of the market the last couple days. today we'll take it to the
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upside, right? lauren: yeah the jolt for the upside for stocks was the president pushing for stand alone relief bills as you've been discussing for airlines, small businesses and for household with stimulus checks. also minutes that came from the federal reserve's september meeting, i will read you a quote. this really shows us how important stimulus is. quote many participants noted that their economic outlook assumed additional fiscal support. that a future fiscal support was significantly smaller or arrived significantly later than they expected the pace ever the recovery would be slower than anticipated. so that's the warning, that stimulus is needed and the targeted stimulus being pushed by the president, pushing major averages up sharply on the day. the dow up almost 2%. it recovered yesterday's losses then some. best day since july. all 30 components in the green. all 11 s&p sectors in the green as well. take a look at the airlines right now. hope for more money for them.
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jpmorgan upgrade on jetblue a double upgrade plus for united. that boosted the sector amid pretty anemic travel numbers. big tech made a bounceback despite house democrats hitting big tech with the broadside acows accusing them from reaping market power and undo profits. amazon up 3.1%. this under scours the reliability of tech as a offensive play plus the feeling on wall street as it stands now congress won't be able to agree on ways to rein in the power of big tech f we get a blue wave come november, that is a different story. connell, i send it back to you. connell: really interesting. everybody is trying to gauge what is going to happen especially with the election and the control of the congress. speaking of the election, thank you, lauren. debate night, right? let's head to hillary vaughn.
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she is live for us in salt lake city. that is the site of the vice-presidential debate that takes place just hours from now with a look what we can expect. hillary. reporter: connell, vice president mike pence is actually on sight right now doing a walk-through of the debate hall but ahead of tonight's debate the biden campaign is really setting expectations high, not for their candidate but instead for their opponent vice president mike pence who they say will have a good debate tonight. that's something worried harris headed into today is pence's debate skills. her motorcade left her hotel this afternoon. she did a walk-through of the debate hall earlier. harris told donors at a fund-raiser two weeks ago, quote, let me say something, he is a good debater, i'm concerned likes i can only disappoint. her running mate, joe biden is giving her a vote of confidence into the debate tonight.
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reporter: anything for senator harris tonight? [inaudible] >> [inaudible]. reporter: there are nine top pickings for tonight. they're not being announced ahead of time. it is safe to bet coronavirus will come up. both campaigns think that issue benefits their candidate. the biden team will hold pence accountable for pence being in charge of the white house task force and the trump team want to bring up biden and harris niche live opposed the travel ban from china and they also want to bring up what they call harris' radical record. >> she was to the left of elizabeth warren and even bernie sanders. so you have a stark contrast here. you have a wide chasm idealogical between these two folks. that will make for a compelling policy debate. reporter: and connell, both campaigns really want tonight to be focused on policy, not personality. connell? connell: all right. well-good luck with that hillary, thank you.
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hillary vaughn, salt lake city, more to come on the debate later this hour. we're also following new york city news today. the city remains under pressure, small businesses in certain hot spots getting set for the possibility of another shut down. we'll break it down from all angles and look at where things stand. bracing for devastation. hurricane delta slamming into mexico. it is taking aim at the u.s. gulf coast. we're tracking it. we'll have the storm's latest path later in the hour. packing their politics. how the big city exodus we've been reporting on for months could impact the 2020 race for president. stick around. ♪. your journey requires liberty mutual. they customize your car insurance so you only pay for what you need.
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♪. connell: some of the numbers are just starting to creep up if you look at new york state. it actually reported its highest number of covid-19 related hospitalizations today since the middle of july and the rolling seven-day positivity rate in terms of test something slowly itching up as well. david lee miller is in new york city where the mayor is ready to shut down non-essential businesses in the cluster spots starting tomorrow. what is the latest? reporter: that's right, connell. the parks cut, close down being
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ordered by the governor is controversial in tern parts of the city. some of the ultrareligious jewish community say they're being unfairly targeted by this plan to impose new restrictions on some of the severe coronavirus hot spots. during protests last night in addition to burning masks, chants of jewish lives matter and calls for civil disobedience. many in the orthodox community are outraged that the knew restrictions limit it to 25% capacity or 10 people and banning of all mass gathering. president trump supporting the protest, appears out to be a reference to anti-semitism. quoting now wow, what does this picture rhee mind you of? this i'm only thing left in the radical left's way. shutting indoor and outdoor dining in specific communities. the areas facing the most restrictive shutdowns are color-coded maps as red zones.
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part of brook lines and queens and two suburban counties north of the city. all contain large numbers of religious jewish residents. cuomo says the plan is not about religion or group but is data driven to contain coronavirus clusters. this is different from the one peposed by mayor de blasio used zip codes to identify soaring infection rates in communities. the mayor at noon called for calm. >> people have and will protest. we understand there is a place for peaceful protest but the nypd will not tolerate people doing harm to others. there will be no tolerance for assaults, for damage to property, for setting fires. anything like that is unacceptable. reporter: those restrictions take effect tomorrow in new york city. violators, those who choose not to wear a mask and refuse to do so could face a fine up to $1000. those who sponsor a mass gathering could be fined up to
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$15,000. andd now another sobering statistic. in the last 24 hours here in new york state another 8 people lost their lives to the viiv russ. connell. connell: david. david lee miller in new york for us. bill mcgurn joins us from "the wall street journal." fox contributor as well to talk a little bit more about this. injuries generally. good to see you, bill. we'll try to zoom in on some specific issues. there has been a lot of back and forth throughout this whole process even though they're both democrats between bill de blasio and governor andrew cuomo mayor of new york city, governor of new york state. this idea, i know they differ on the specifics targeted the hot spots as they see it, shutting them down so you don't have to have a wider shutdown. what do you make of the way they're generally going about this in new york the last week or so? >> i have huge doubts for several reasons. first of all i understand that some of the jewish communities may be, protesting and they may
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be difficult in how they're responding but i think they have been treated like criminals. the comments you just ran by mayor de blasio, did we hear that when people were breaking into stores and so forth? so i think it is understandable people would feel that they have been singled out. it is not just jewish communities. i think the archdiocese said they hadn't been consulted. what we need are peoples cooperation and i think if you treated them like adults, treat them like citizens and called them in instead of issuing dictates you might have better. i'm doubtful about the approach. i don't think governor cuomo distinguished himself in the crisis except for not taking care of nursing homes. that is part of the philosophy. we should concentrate on the vulnerable. most public health experts say
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schools open. children are the at least risk instead of closing down children and we have constitutional issues closing down synagogues and churches. this is very doubtful. this is one of the things that is creating a bad situation. i wear a mask. i mean i have my doubts about its efficacy but i wear it mostly out of politeness, that is what people want, so i wear it without complaint but i think a lot of people really don't like being bullied around and treated like a child or a criminal and that is not the kind of approach that engenders cooperation. connell: let's talk about the schools a little more which you brought up and a lot of people because they have children identify with that. folk through it in their own lives, first of all you have the public schools in these areas, they're just shut down. the government decides that. then you have a lot of back and forth in the private school community whether parochial schools or expensive private schools in cities like new york. there was one exam medical in new york where a group of parents got together they would have all virtual classes.
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parents said, no, no, got group of them. we want students in be in person, safe, and they put pressure on the administration to bring them back in person and you know, because they pay a lot of money essentially i guess which gives them maybe a little bit more power than the public school parents. what do you think? >> yeah. exactly. look that's the problem. the private schools like that are accountable to the parents who are customers and they have to respond to them. we've seen from the public schools that they respond to the teachers union. that's it. even mayor de blasio is having trouble with the public schools and parents are realizing with the teachers unions putting all sorts of conditions from reopening that they don't have their best interests at heart. a lot of people switched to homeschooling or some private school or parochial school. what is sad is that the parents at this one school, they were able to get the change they want because they understand that remote learning is not as good
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as in classroom learning. they got it because they're wealthier and they're paying. as the cdc and this new group of doctors points out, the people disproportionately harmed by the shutdowns and so forth are people that don't have any options. they can't afford to go to a private school or something. we need to increase accountable in the schools and again as far as i see most of the health experts including the cdc say that it's a matter of public health to get these schools open and running. seems to me that our public authorities in so many places are running fast and hard in the other direction. connell: yeah, these parents, just as a quick final point, many of whom i'm sure you know, are not the most conservative people in the world and what have you, they pointed out that they wanted their students back in school because they thought they were losing out and they mentioned not only on education but emotionally too, being stuck at home. >> right.
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and healthwise. again the cdc says it's a matter of public health to reopen the places an that great barrington declaration i referenced earlier signed by thousands of doctors and medical experts. makes the same point, schools should be back and open. we need to measure risks and figure out who can get by with minimal precautions. who needs to really be protected and adjust our lives accordingly. connell: risk management. that is the business term there bill good to see you as always, bill mcgurn from the "wall street journal." >> thank you, connell. connell: you're welcome. on the way to track potential illness spikes in the classroom, to follow up what we're talking about in terms of managing the risk. this is interesting. clorox actually came out said it has a new device that uses thermal sensors. they identified increases in body temperatures and up ticks in coughing and sneezing. the company plans to test this out in 100 classrooms over the
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♪. connell: we're back. let's talk about hurricane delta which has been battering mexico's yucatan peninsula, expected to grow considerably in size as it targets the gulf coast of the united states. fox team coverage set up with chief meteorologist rick reichmuth on the path of the storm and phil flynn watching the oil markets which is important as well. phil, we'll get to you in a moment but rick what are you watching? rick: when the storm made its way around the yucatan peninsula was small center of the storm. not much hurricane-force winds extending out from the center. that will be different when this gets closer to the u.s. coastline a much larger storm and larger area impacted by that. hurricane watches from parts of southeast texas across the
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louisiana coastline and down towards the mississippi river delta, plaquemines parish with hurricane warnings. this moved out back over water. spent very little time across the the land of yucatan. 100 mile-an-hour storm. hurricane hunters are in there seeing how much structure is left how quickly it gets its act together and strengthens. that is what our modeling does. this is one of the forecast radars what the modeling looks like. you notice at very tight center, very organized storm and the official forecast track keeps this very strong storm, probably category 3 storm the way it is looking by the time it gets towards the u.s. coastline. notice the water temperatures plenty warm to sustain a hurricane. they calm down a little bit. by the time you get closer towards the coast. that is good news, maybe we don't have a strengthening tomorrow right on landfall but problem have a category 3 storm,
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at least that is the forecast as we get there sometime around the day on friday a little bit of time to prepare. a lot of rain on this. this area has been hit this year, connell. hurricane laura, the cat-4 storm went through lake charles. another storm getting very, very close coming up by friday. connell? connell: that's the main point, rick, thank you. how many times this area has been hit as we bring in phil flynn. i know the oil traders watch that with so much infrastructure in the gulf it has been storm after storm. so take us through the trading day today, maybe a little preview what we can expect tomorrow? >> yeah, today oil prices were down partly because of inventories but partly because the market believes that maybe the damage won't be quite as bad as originally feared. you know the day before we saw oil prices really rally very strong as production was starting to get shut in and we've seen some major shut-ins already. 80% of all the gulf of mexico oil production is now shut down,
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off-line. that is a lot of oil. that is 1.5 million barrels of oil a day and 49% of the natural gas supplies, they're cut off. the biggest concern what rick was saying. where the storm is going. it looks like it could be headed directly where the last hurricane was, which it is going to hit major refineries. we have three major refineries were down for an extended period of time because of hurricane laura. it is possible now they're just trying to get restarted that they could get hit with another storm or flood. so that is a big concern for the oil market. could be a big concern for people trying to fill up their gas tank because there could be a possibility of these remind refiners are shut we could see a squeeze of prices and supplies are getting pretty tight right now. connell: thank you as always. phil flynn out in chicago watching oil for us and we'll watch the storm very closely as well. a new test ruling affective
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worldwide. the cruise line international association announcing its 50 plus member cruise lines agreed to administer preboarding covid-19 tests for all the passengers and all their crew on ships that carry over 250 people before they actually set sail. they're talking about cruises again. less than five hours from now we'll talk about a debate. vice president mike pence, his democratic rifle senator kamala harris set to face off on the stage. the very first time they have done so. we have a preview what you can expect from the big debate. that is coming up next. florida governor ron desantis surprising people, when reports came out he told the miami dolphins they can have full capacity of 65,000 fans at their home stadium for their games. however the dolphins say they will continue to host only 13,000 fans for the rest of the season. so everybody can keep a social distance. and in a push to revive its breakfast sales during the
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pandemic mcdonald's rolling out some new bakery items for the first time in nearly a decade. so this is a big deal. take some notes. they have added an apple fritter, a blueberry muffin goes on the menu at mcdonald's. also a cinnamon roll at participating location, i was going to say worldwide. i think it is just nationwide. there you go. we'll be back with more on "after the bell."
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♪. connell: we are just hours away now from the highly anticipated vp debate. about as highly anticipated as you can be in terms of vice-presidential debates with the sitting vice president mike pence and senator kamala harris set to go head-to-head on multiple issues and policies. of course president trump's coronavirus diagnosis has been a major focus point in recent days. there is much more. discussing it with us right now is chris stirewalt, foxnewspolitics.com editor. chris, thanks for being on the show. i would like to go through with you candidate by candidate. start with vice president mike pence. i've seen what you wrote in last couple days. the trump-pence ticket is trailing on the polls, if anything, biden-harris victory is more likely last week or so. you talked about changing the trajectory of a race. how might the vice president do
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that, do you think? >> i mean they're sucking wind. it is not good for them these days. and of course the big problem is time is short. we're now tick, tick, there already has been millions and millions of votes already cast and the window for change is narrowing. republicans are thinking not only turning around the presidential race but they're thinking about saving the senate. and it will do a lot for both those things tonight but what he has to do is change roles. so we know pence four years ago, he have and tim kaine were like battle of the mayonnaise sandwiches, who could be a more reassuringly bland dad bod of a dude, right? who is it that could be the most inoffensive possibly as americans despaired at their presidential choices. this time around he has to be on the offensive right? in our "halftime report," he is normally a fireman putting out fires around donald trump. pence has to be the as
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southernist this time. he has to light a fire under harris. the republican strategy for pulling trump back on board but also trying to save the senate is biden is really just a frontman for a very radical democrat party that is going to blow up your house and eat your children, just this monsterous thing he is going to do he has to push her on the eliminating the filibuster in the senate. packing the supreme court. the green new deal. go down the punch list litany, get voters thinking about, gosh this isn't reassuring joe biden this is radical left stuff. that is what pence has to do. connell: notice one of his guests is one of the parents of an isis hostage. thought maybe that helpeds us a little bit at one of the lines that he might use tonight. you brought up some others. go to a tweet that came from joe biden's account a few minutes ago as he talked about senator harris. i know a thing or two about
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vice-presidential debates. in '08 i squared off against governor palin and in 2012 i called out congressman ryan's malarkey. i know she will do a great job. the one thing, a lot of things stood out in the presidential debate, one of the things that stood out from biden's side you brought it up, the supreme court, he did not, he was asked directly and he has been asked directly since, he literally never answered that question i don't believe about, would you pack the court? would you pack the court? he just looks at camera. i'm not going to answer that. i wonder how harris will handle that and other issues you see as big challenges tonight? >> one of the problems for harris is she has her own future to think of, right? she has 2024 to think of. there is no dissonance for pence. he has to attack. he has to attack. it is good for him now. it is good for him in 2024. for harris, she can't afford to
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completely alienate the left-wing of her party in the same way that joe biden does now, right? biden now is forget about it. i, when it comes to defunding the police and packing the court, all that razzmatazz biden is unambiguous now, his lead is so large, that they don't have much leverage over him anymore. but harris has to think about how you win a democratic primary and you have to run through the left. she is thinking of two things at the same time, which, if you're pence, if your opponent has limiting, if their movement is limited, then that is an advantage for you. that is what pens has got to do, is try to get in between her and joe biden. make her try to side with radical voices in her party on the progressive wing in order to get, preserve some credibility for herself because as we've heard, she is is, she is flexible idealogically.
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connell: that's right. that is very nice way of saying it but the mayonnaise sandwich analogy was beautiful as well. good analogy. thank you, chris. we'll watch tonight. chris stirewalt on the vp debate. as we move on, cracking down on terror, the department of justice out with charges on two isis militants for their alleged part in a brutal hostage-taking scheme that dates back to 2012 that resulted in the death of four americans in syria that included journalists james foley and steven sotloff. they were part of an isis cell called the beatles, including conspiracy to murder american citizens outside of the u.s.
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how liberty mutual customizes car insurance so you only pay for what you need. isn't that what you just did? service! ♪ stand back, i'm gonna show ya ♪ ♪ how doug and limu roll, ya ♪ ♪ you know you got to live it ♪ ♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪. connell: all right. back to business here, a fighting chance for restaurants as the owner of the chateau on the lake who has been on our show before, argues reopening indoor dining at 25% capacity that just won't cut it. in an op-ed at foxbusiness.com he says, this is a quote, imagine running a marathon with only 25% of your lung capacity. you couldn't. restaurants can't either. buddy ford, jr., back with us now. good to have you own the show. you're not a new york city guy but a new york state guy and you
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know about margins in the restaurant business, right. tell us what this thesis is all about on the 25% which is where the city's at. >> connell, we're upstate new york, 2 1/2 hours outside of the city, the bottom line is this, is tough industry, a tight margin industry all know that. at 25% there is no motivation, no financial motivation, there is no, the economics don't work and emotional motivation isn't there. i know it sounds better than zero. it's not. restaurant owners and supply chain cannot survive on 25% capacity. they need 50 in order to stay motivated and to work with each other within the supply chain in order to get through this, the other side of this. connell: i've heard the argument about the 50, some say it is higher by the way because it depends obviously the type of restaurant you have, all that kind of thing, what about the supply what do you mean by that? >> the supply is going to have a
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capacity. at 25% capacity the industry, most of the industry will go out of business. why would vend, losers, landlords, banks work with restaurant owners to get through the end of the tunnel here at 25% when someone will be caught holding the financial bag? somebody within the supply chain is going to break the financial responsibilities. it will be bankrupt, there will be bankruptcies. businesses will be out of businesses. from a vendor quarter fold, how do you pay drivers, how do you pay gasoline? it doesn't work. how do you negotiate terms from a payment cycle an time perspective with good faith? you can't at 25%. at 50 it is reasonable. it can be done. connell: okay. is that what you're doing any know you guys opened up the beginning of june. you're up state as you say, not in new york city but i guess
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you're at 50, right? how are things been going since you opened up? how do your numbers look? >> so, connell, we were outside. we have a lot of outside dining. it is getting cold. we're in the adirondacks, lake george, new york. it is getting real cold real fast. we are now inside at 50% capacity. we will put everyone outside as long as we can. we have 50% all summer. now with the cold here, i got to tell you the truth, i'm completely shocked how busy we are seven days a week. typically we do business in the restaurant industry on friday, saturdays, sundays, maybe a midweek special. the entire industry with three days you're doing 50% of the business. i want to let the restaurant owners out there know with the current conditions and current environment people are coming out over a seven-day period. if you can't fit them in on a saturday, they will see you on a monday, on a tuesday. last night, a tuesday night in
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the cold, we had one of the biggest tuesdays we've had in a non-seasonal environment. in other words, not july and august on the lake. october. i had the busiest tuesday i ever had. i'm usually closed on tuesdays because it is a ghost town up here in the wintertime, except for when diners 100% of the diners don't have a lot of options to dine, you now have access to that market. we're spreading our business over seven days. we're doing business at 50% capacity seven days a week. which technically, when you look at your weight averages of how you do business over a seven day period in this industry, it turns out to be greater than 50% of your business you have access to. i have access to 50% capacity will give you more business over a seven disappeared because now you're spreading the wait of your business over seven days instead of three or four days of the week. connell: that is really interesting. demand throughout the entire week. it is beautiful, for people
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haven't been up near where buddy is in the adirondacks. as you said, it gets cold, gets cold other parts of the new york state. final thing, take us through the winter, from your perspective, not talking about city, you already talked about that. if they keep you at 50, i guess they probably you will you make through the winter? >> if they keep 50, i will stay open and pay the bills. there known getting rich here. there are no long vacation. we're going, a lot of family time and we can pay our bills and we will at 50%. let us operate at 50. let us stay at 50. we can do it safely. none of my customers have come down with covid. i'm sorry, none of my employs east have come down with covid, knock on wood, we've been operating since the opening back in june. connell: good luck to you.
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might be a message for new york city. we'll see how things play out. you will get by. nobody getting rich. buddy foy in the adirondacks. that is interesting perspective on small business and restaurants. the pandemic up rooting a number of americans across the country. it could have serious implications for politics and this year's presidential race. a new angle on a story we've been covering for some time when we come back. don't goea away. you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪
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connell: many americans leaving blue states, and they are bringing their politics with them. grady trimble live now in chicago with the details. >> reporter: a new realtor.com survey suggests this big city go if discuss could have a big impact on the upcoming election. what they did is researchers identified four swing states that the president won by slim margins in 2016. taking florida as the example, he beat there with, by a vote of
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49%. then researchers looked at who's searching for houses in florida between 2017 and now, and then they say it's mostly people from blue states. so if those people move to the new swing states and they take their vote with them, it could tip the scales in favor of the democrats. this report found similar trends in other crucial swing states like pennsylvania, wisconsin and michigan, and the researchers behind the report say this is an analysis of real estate data and not by any means a prediction. >> the reality is we don't necessarily know what people's political affiliations are. and, you know, maybe it's not, you know, new voters that are fleeing urban areas, maybe it's people who actually were republican voters that are moving out to the suburbs and to rural areas. >> reporter: it's the first time realtor.com has done a report like this, connell, so we will see how accurate it is in just about a month.
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connell: yeah, i guess so, we will. grady, interesting story, thank you. grady trimble in chicago. all right, guys, check out neil cavuto tonight, 8 p.m. eastern, special coverage of the vp debate which starts at 9:00. we'll see you back here same time tomorrow with "lou dobbs tonight" starts a right now. ♪ ♪ lou: good evening, everybody. first things first, president trump's medical team today saying the president remains symptom-free of the china virus and has tested positive for antibodies. with the president's health obviously improving, he's turned his sights on exposure with of the full corruption of the radical dems and the deep state. the president today tweeted, quote: i have fully authorized the total declassification of any and all documents pertaining to the single greatest political crime in american history, the russia
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