Skip to main content

tv   After the Bell  FOX Business  October 9, 2020 4:00pm-5:00pm EDT

4:00 pm
liz: lovely to have you, ryan. ryan kelly looking for dividends for you. what ad friday. we see gains across the board but still a huge question mark about a new stimulus package. that'll do it for "countdown," have a great weekend. connell: it's a good way to end the week, stocks on the rise here for the third day in a row. it started when larry kudlow came out and told fox business president trump had approved a revised stimulus package, but we are still waiting for the details on that. welcome to the show, everybody, or i'm connell mcshane, this is "after the bell." look at the dow, we're now positive for the year with today's 161-point advance. the major averages are closing today at their highest levels since early last month. much more coming up and plenty of news to cover in general here on a friday. fox business team coverage to start you off this hour with lauren simonetti on the markets, hillary vaughn and blake burman
4:01 pm
from washington. of blake, we start with you, my friend. >> reporter: connell, the headline over here in washington is that the white house has increased its offer for a revised covid-19 relief package. a senior administration official telling me the new number is, give or take, $1.8 trillion. the white house has come up from the $1.6 trillion range that it was previously at. larry kudlow revealed the news on fox business earlier this morning saying there was an oval office with president trump, treasury secretary steve mnuchin and chief of staff mark meadows in which the president gave the green light on the new offer. mnuchin held a phone call with nancy pelosi this afternoon to go over the offer. however, the goalposts for president trump have been shifting, because as that employees i -- pelosi hi mnuchin phone call was happening, the president was on the phone with rush limbaugh saying he wanted
4:02 pm
even more. listen here. >> i would like to see a bugger stimulus package, frankly, than either the democrats or republicans are offering. i'm going the exact opposite now, okay? i'm telling you something i don't tell anybody else, because maybe it helps or hurts negotiations. i would like to see a bigger package. i'd like to see money going to people. >> reporter: now, democrats right now are at $2.2 trillion, and pelosi's deputy chief of staff suggest today that the white house -- suggested today that the white house offer is insufficient. here was the tweet: of special concern the absence of an agreement on a strategic plan to crush the virus. for this and other provisions, we are still awaiting language from the administration as negotiations on the overall funding amount continue. pair that, connell, with what mitch mcconnell said in kentucky today, he said that he believes that the differences right now between both sides are, quote-unquote, vast. and in his opinion, the senate majority leader's opinion, he believes that a deal will not be reached before election day.
4:03 pm
bottom line though, the white house moving up, the talks continuing. back to you. connell: all right, blake. mcconnell's the one that needs to get those votes. let's stay at the white house. the white house council of economic advisers acting chair joins us. anything you would add before we dig into the economics on this in terms of size and scope or timing of the package that we might end up with? >> well, good to be with you. i can confirm that the treasury secretary met with the speaker earlier today to present our offer. it was a very good offer, it was actually closer to $1.9 trillion. it included -- reloaded the paycheck protection program, it included an employee retention tax crept, it included additional support for the airline industry which has been particularly hard hit by this i crisis, it included a second round of economic impact payments to help american
4:04 pm
households maintain liquidity as we continue this recovery, and it included additional support for schools to safely and fully reopen. so we think this is a very solid offer, and it's up to the speaker to be reasonable on this. connell: close to $1.9 trillion, you say. is $2 trillion a line in the sand for the white house or to the president's suggestion earlier, might you be willing to go higher than that if the circumstances were right? >> so i'm not going to to draw any red lines. i am going to say that the offer that we presented was on the basis of sound estimates of what the anticipated shortfalls would be. and also what would be needed to further help businesses and employees maintain their matches to help people stay connected to their jobs. and, again, to provide the support that households need as we get through this continued hard times. connell: i said i wanted to dig into the economics a little bit. have you put numbers together
4:05 pm
and projections about what growth might look like fourth quarter of this year, first quarter of next year with stimulus like the stimulus you're talking about versus without if nothing gets done? >> well, we certainly have done some near-term modeling, and i think certainly for the third quarter we're looking at a very sharp rebound from the second quarter lows. we're looking at equipment investment, when we're looking at personal consumption expenditure on the basis of retail sales in july and august and september, when we're looking at the housing market and real residential investment, i think we're looking at a very sharp rebound in the third quarter, and that should continue into the fourth quarter. and, but the pace of the recovery would be substantially higher if the congressional leadership were to accept what we think is a very solid offer. the secretary of the treasury put forward earlier today. connell: substantially higher. let's talk about real people and what they might get out of all of this. what's the most important
4:06 pm
ingredient, do you think, for people who have been struggling, quite frankly? axios, just as an example, put something out this morning talking about the people who most need the stimulus, and they talked about the long-term unemployed. and and i know mark zandi because quoted from moody's saying long-term unemployment might peak when that number's around 5 million. a, do you agree and, b, more importantly, what on the releaf side can be done to help those people -- relief? >> one of the things that we learned in studying the after. matt: of the -- aftermath of the 2008-2009 recession was the importance of maintaining job attachment, importance of maintaining connections between employers and employee froms. and that's why in the cares act we responded very aggressively with the paycheck protection program, with an employee retech tax credit and with -- retention tax credit and with pandemic employment assistance to the self-employed, to sole proprietorships to help them maintain those matches. and now as we transition from
4:07 pm
survival to recovery, we are very much focused on encouraging a continued labor market recovery. and that's why even months ago the president was proposing a full payroll tax holiday. and, unfortunately, congress was unwilling to act on that. but even the absence of action from congress, the president engaged in presidential executive action as to provide temporary payroll tax relief. and now with the offer that we put forwarded today, e we've provided a reload of the paycheck protection program to help continue to maintain those connections between employers and employees and also an expanded employee retension tax credit to help people stay connected to their job. we think that is going to be the most important thing to make sure that the labor market recovery continues and the temporary job losses in those horrific months of march and april remain temporary ask that people are able to go back to their employers. connell: final thing outside of what we're talking about now before i let you to go in terms
4:08 pm
of other areas that we might get some relief for stimulus for the economy, how about a coronavirus vaccine economically? how much stimulus would that add, do you think? >> well, certainly solving the pandemic would be a tremendous boost to the economy and, indeed, the global economy. and i can say that we have made tremendous progress on that front through operation warp speed with multiple candidates now in phase three trials and with the production capacity in place so that we can ramp up production once one of those candidates is, hopefully, approved. but in addition to that, we've also had unprecedented use of emergency use authorization. indeed, remdesivir is one prime example of that. with the president signing emergency use authorization for multiple advanced therapeutics, and that is why we continue to see the case fatality rate improve, to see deaths continue to decline even as cases rise,
4:09 pm
and also we've seen the president continue to deploy the defense production act including over a hundred times to provide the ppe and additional medical equipment that we need to combat this virus. connell: tyler goodspeed, live from the white house north launch thank you, sir. lauren simonetti joins us now as we get back to the markets on a strong friday. we're up 160 plus there on the dow at the end of the day, so that's the way you want to wrap it up, right? >> reporter: lots of back and forth in washington, connell. but, yeah, or we wrapped it up the right way because traders are betting lawmakers will get a stimulus deal through in the end, and that is what boosted stocks for day number three. as you mentioned, yeah, dow up 161 today. it is positive on the year. the nasdaq and the s&p 500 gaining 158 and 30 points respectively. let me show you the week or even better. best week in three months with the s&p up almost 4%. the reasons are clear, optimism
4:10 pm
on stimulus but also, and we've heard this from a lot of banks, a lot of traders, connell, traders are getting used to the idea that either a clear joe biden victory or a blue wave of congress might not be as bad as initially thought. today the consumer led the way if you look at the sectors, it was discretionary and staples as well as technology that were the strongest. you see names like target and lowe's here hitting new highs along with some of these others. and if you look at the dow jones industrial average winners, you have tech, you have microsoft, saleforce, apple along with visa and unitedhealth. united health, by the way, one of six dow stocks, guess what? reporting earnings next week. earnings season is here again, and we are expecting it to drop about 20% as corporate america still deals with and responds to the pandemic, connell. connell: we'll be on top of that next week. thank you, lauren. in the meantime, we're talking about the debate over the debate stage with president trump and the democratic nominee, joe
4:11 pm
biden, still going head to head about whether to go virtual, we'll talk to karl rove about the impact on the 2020 race. plus, louisiana's governor is warning residents to brace for impact as hurricane delta is bearing down on the gulf coast. we are tracking that storm's path, and and we'll have a louvre report later in the hour. -- live report. we talked to two congressmen cosponsoring a bill to give student athletes a chance to make some money. stick around. ♪ ♪ fidence... ...so we can spend a bit today, knowing we're prepared for tomorrow. wow, do you think you overdid it maybe? overdid what? well planned, well invested, well protected. voya. be confident to and through retirement.
4:12 pm
4:13 pm
4:14 pm
so you're a small bor a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business.
4:15 pm
♪ connell: uncertainty over the presidential debates. the trump and biden presidential campaigns have been going back and forth over how to move forward after the commission on presidential debates announced the next one would be virtual. to hillary vaughn live in washington with the very latest. hillary? >> reporter: hi, connell. well, there may only be one presidential debate left of this cycle after democratic nominee joe biden this afternoon was asked about the fate of what is supposed to be the second presidential debate next week in miami. >> mr. vice president, is the second debate totally dead? >> reporter: it's hard to hear
4:16 pm
through a mask and social distancing, but biden did respond to that, i think so. both candidates were doing their own events, are planning on doing their own events on what is supposed to be debate day next week, bide within will be doing an abc town hall instead, and trump wants to hold a rally. even though president trump rejected the offer to hold next week's debate virtually, the president did a virtual two-hour rally today on the rush limbaugh show where he explained his debate performance at the first debate. >> but i had to be rude because he was lying. he'd get up and say a series of things, and they were all lies. i'd say false, and they said i interrupted him. but most polls say i wont won it with him. -- i won it with him. i'd rather let him speak because he's gone, he's mentally gone, and eventually he goes off track, and he'll start talking about the birds and the bees. >> reporter: the commission of presidential debates is doing cleanup after the moderator for
4:17 pm
steve scully sent a controversial tweet to anthony scaramucciing asking if he should respond to trump. it looks like an attempt to salvage the debate. scully now says he was hacked, he dud not send the -- he did not send the tweet, and the cpd i says they've reported it to the fbi and to twitter as well. congress? connell: all right. hillary, thank you. hillary vaughn in washington. karl rove joins us now, former senior adviser to president george w. bush, fox news contributor. will not be taking any questions on the birds and the bees today at all, but maybe we can start by talking about what you would do if you were in this situation. in other words, if this was president bush, same situation as president trump, all things being equal, would you to do the virtual debate? would you handle it the way he's handling it? how would you advise the president to handle this? >> well, i'd start by saying my doctors willing to meet with any of your health care professionals to reassure you that i won't be shedding any virus at the meeting, at the
4:18 pm
debate, and there's no need whatsoever to move it virtually. and then i'd be making the second point i saying i really think this is advantageous -- a move that is completely ad van today juice to my opponent because, as we know, he's been using a teleprompter in connection with his camera is the visits, you know, his satellite visits into tv studios around the country. and a virtual debate will allow him to do exactly that. and so you ought not to be having a format, making decisions that advantage one candidate over the other. you ought to try and play it straight down the middle. so i'd be doing the yin and the yang. i'm a reasonable guy, talk to my doctors, i'm fully capable of being in that room and not making anybody sick, but i'd also be e saying i'm calling you out, commission, did you turn it into a virtual debate so he could be sitting there with the teleprompter on the camera as he did in local interviews where they would literally pull up his talking points, and he would refer to them in front of him on
4:19 pm
the teleprompter. i'd call 'em out. the presidential debate commission is not constituted by an about of law. they have a responsibility to do this in as fair and impartial manner, and i thought this was a precipitous decision, imperiously made and improper. connell: if all of that failed, would you still just do the one, or would you then finally give in and go virtual just on the basis of the old saying if you're trailing in the polls, you need the debates more than the guy ahead? >> i'd go ahead and do it, but i'd make a scene about it. ing i'll give you an example. you're going to be someplace, why not then be in a room? people can be masked and socially distanced, and you can say, look, this is entirely ridiculous. we should have been in the same room. shame on you, presidential debate commission. i have a group of ordinary americans who are watching me, i hope they were selected by gallup or somebody helped -- i hope you'll give them a chance
4:20 pm
to ask us both questions as well. connell: broader question, karl, on the election, you know, whether there's one debate, two debates or no debate, if president trump ends up winning on november 3rd -- in other words, comes back or the polls are wrong -- how will he win? last time we would have said, boy, that was surprising how well he did in the rust belt, pennsylvania, michigan and wisconsin, what would the story be this time if he did win, do you think? >> i think people would look back on these final 24, 25 days and say, you know what? as it came down to the close, he did a couple of things that were really important that a made this a choice election. i began to understand with greater clarity what the differences were between him and joe biden on the big issues, and i decided i wanted him for four more years. that requires president to do three things; a little bit of look at the job i've done, more about what it is i want to do and a lot more on what are the big differences between me and my opponent. that's why the more debates the better, and that's why a
4:21 pm
disciplined message each day where he tries to frame up those contrasts between he and joe biden are so critical to his success. connell: one final point, karl, if you have time here before we go on another political issue that came up in washington today, the speaker of the house, nancy pelosi, held a press conference where she spoke about use of the 25th amendment, the procedure where the vice president would take over the duties of the president and, among other things, she said this. let's listen. >> this is not about president trump. he will face a judgment of the voters. but he shows the need for us to create a process for future presidents. throughout america's history, our leaders have created and strengthened guardrails in the constitution to insure stability and continuity of government in times of crisis. connell: your thoughts, karl, on all this? not about the president, she says, but -- >> baloney. she hasn't read the 25th
4:22 pm
amendment itself which sets up a process. if the majority of the president's cabinet agreed the president is not capable of executing the duties and responsibilities of his office, they send a letter to the president pro tem of the senate, in this case chuck grassley, and the speaker of the house so declaring. there's a process in the 25th amendment. nancy pelosi did this as a political stunt, and in the closing days of an election, she suggested a legislative coup. let's have a committee of the congress decide when and where welcome remove the president from office. she tried to do that under the impeachment process and utterly failed. now she's trying to dramatize the same move. i just think this is ridiculous. this is -- you know, she has gone so far beyond the pale -- i understand she hates the president, i get that, we all get that. but to go off on such a silly maneuver that dishonors the great office that she holds, the third most important office in our land, is just a sad day for nancy pelosi. connell: all right, karl, thank you. karl rove with us live from austin, texas.
4:23 pm
back now to new york to talk about a reopening that has been put on pause again. the broadway week, which is a trade organization representing producers and theater owners, it says it'll continue suspending all ticket sales and performances through at least may 30th of next year. that adds, they add now that the dates for returning with the new shows on broadway will be announced by the individual productions. so the lights stay out on broadway for quite some time. we'll with right back. mug. ♪ before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. now no fruit is forbidden. nexium 24hr stops acid before it starts for all-day, all-night protection. can you imagine 24 hours without heartburn?
4:24 pm
this was the theater i came to quite often. ♪ the support we've had over the last few months has been amazing. i have a soft spot for local places. it's not just a work environment. everyone here is family. gonna go ahead and support him, get my hair cut, leave a big tip. if we focus on our local communities, we can find a way to get through this together. thank you. ♪ if you are ready to open your heart and your home, check us out.
4:25 pm
get out and about and support our local community. we thought for sure that we were done. and this town said: not today. ♪ it was 1961 when nellie young lost her devoted husband. without him, things were tough. her last option was to sell her home, but... her home meant everything to her. her husband had been a high school football coach and it turned out, one of his former players came up with an answer. a loan, created just for older homeowners. and pretty soon, nellie young had one of the first reverse mortgages. discover if a reverse mortgage loan is right for you. use it to eliminate monthly mortgage payments and increase cashflow, create an emergency fund, preserve retirement savings and more. call now for your free information kit.
4:26 pm
that first reverse mortgage loan meant nellie could stay in the home she loved so much, with memories that meant even more. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan... and it's tax-free cash just when you need it. it's about making your retirement better. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. of course, you can use it to pay some bills, cover medical costs, update or repair your home. but best of all, it eliminates those monthly mortgage payments so you get more cash in your pocket, every month. learn how you can use a reverse mortgage loan to cover your expenses, pay for healthcare, preserve retirement savings, and so much more. a lots changed since 1961... since then over a million older americans
4:27 pm
have used a reverse mortgage loan to finance their retirements. it meant so much to nellie, maybe it could mean as much to you... call now and get your free infokit ♪ ♪ connell: hurricane delta barreling towards louisiana. category two storm, expected to make landfall in southwest louisiana and do so just hours from now. now, the worry is this will hit very close to where hurricane laura did so much damage back in august. so we have fox team coverage. rick reichmuth with an update in just a moment. first, though, to steve harrigan reporting live from lafayette,
4:28 pm
louisiana are. steve? >> reporter: a steady rainfall here in lafayette. the wind is still a few hours off, and you're right, the same place is about to be hit a second time by a major storm. winds now at about 105 mile-per-hour off the coast. 10,000 people in louisiana still in hotels from hurricane laura six weeks ago, a lot of tarps on buildings, a lot of debris still along the roadside. those could become projectiles. it was a tough scene for people trying to get out, i-10 was backed up with some or crashes of semis on the road slowing things down, a real desperate effort for people to get out. a lot of older people, people with pet, people with young children really i trying to escape a what they've just seen a few weeks ago. some of the parishes used to this, cameron parish, more than 100 people are going to try and ride out this storm despite the fact it's going to be tough to rescue them when roads are flooded. several hundred energy workers already on the scene, a lot of search ands rescue workers also
4:29 pm
in place ready to go into collapsed buildings or perform water rescues. the national guard ready with high-water vehicles, helicopters and boats for what is expected to be a very challenging 24 hours ahead. connell, back to you. connell: steve harrigan, lafayette, louisiana. rick reichmuth now with a broader view on the storm. what are you watching, rick? >> reporter: yeah, so we've been watching the storm moving over cooler water. i talked about this yesterday. once you get right next to the gulf, the water temperatures cool down below 80 degrees which is kind of the threshold you need for a hurricane to develop or sustain itself. it's going over cooler water, and it is weakening a bit. we saw it go from a cat three down to a cat two. when you look at the satellite imagery, you see it beginning to lose a lot of organization. still has a lot of energy with it, that doesn't dissipate quickly. we're going to see storm surge coming onshore, the still very strong hurricane force winds but not the cat three that that it was earlier today. and that is, ultimately, good
4:30 pm
news. if you guys have rem 274, i believe it is, to pop up here, let me know, and i'll see if it's there. we'll talk about it. there you go. we have launched a new thing i just want to tell you about, it's fox storm cam. we placed this in louisiana, it's not in the most dangerous spot, we're going to try to get this into better position later on, but we're going to keep this up a lot, and it's just a spot where maybe our camera crew and our reporters can't get to, but as the storm will likely move right over this spot, we're going to have this shot along the weather information popping up. i just wanted to point that that out. real quick, this is going to be our tenth storm of the year making landfall in the u.s. which is amazing. we've already had nine named storm, four of them hurricanes, this'll be our fifth hurricane and tenth storm. after this there's nothing that we're watching that we're really concerned about, and that's great news. wind speeds, again, in the 50 mile-an-hour range, but with we
4:31 pm
haven't seen the center move onshore, it will pull off towards the north. a rough night ahead especially, connell, for so many people who still have tarps for roofs around the lake charles area from laura that was just six weeks ago. people just barely got electricity back, and now they're dealing with another storm. insult to injury again here in this hurricane season of 2020. connell? connell: ten storms is crazy, but these folks getting hit twice. rick reichmuth on that. we're just 25 days out, as you know, from the big election, and next up, an inside look at what we can expect to see when we watch the results come in on tv on the night of november 3rd. stay tuned for that. plus, a new bill could pave the way for college athletes to make some money through endorsement deals. we'll talk to a pair of lawmakers who are behind what's a bipartisan effort in washington. we don't see much of that on anything these days. and then hoping to kick start leisure travel, singapore's tourism board giving the green light to two cruise
4:32 pm
lines, royal caribbean and dependenting, to begin -- genting. the ships are bubbed cruises to nowhere. they'll -- dubbed cruises to nowhere. they'll have safety protocols in place, mandatory testing as well for all the passengers and crew. cruise to nowhere. we'll be right back. all these backstories? i got help from a pro. my financial professional explained to me all the ways nationwide can help protect financial futures in peytonville. nationwide can help the greens get lifetime income because their son kyle is moving back home and could help set up a financial plan for mrs. garcia. and he explained how nationwide can help mr. paisley retire early and spend more time with his pal, peyton. and their new band. exactly! yeah. don't forget the band. i haven't.
4:33 pm
and a high risk for fracture, osteoporosis now might not be the best time to ask yourself, are my bones strong? life is full of make or break moments. that's why it's so important to help reduce your risk of fracture
4:34 pm
with prolia®. only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva®. serious allergic reactions like low blood pressure, trouble breathing, throat tightness, face, lip or tongue swelling, rash, itching or hives have happened. tell your doctor about dental problems, as severe jaw bone problems may happen. or new or unusual pain in your hip, groin, or thigh, as unusual thigh bone fractures have occurred. speak to your doctor before stopping, skipping or delaying prolia®, as spine and other bone fractures have occurred. prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. are you ready? ask your doctor about prolia® fda approved for 10 years.
4:35 pm
♪ ♪ connell: we are eagerly awaiting the election at this point as we get closer. i do want to point out next week
4:36 pm
we are heading back out on the road, and we'll continue our series on swing state economies looking at the states that play a crucial role in the process. after that, it are -- it will all come down to the night of november 3rd. here with us now i to explain what you might see on your television is the fox news decision desk director which is a very, very important job any year, but especially this year. you and your team will be making the calls on who wins certain states. and i thought it would be helpful for viewers whether they're, you know, own a business or traders in the market because everybody has a different opinion on this. oh, we'll never know who wins for months or for weeks, it's going to be totally different. i know there are a lot of unknowns, but what should people expect this november 3rd on election night in terms of the tv coverage versus maybe what we've seen in the past? will it be much different? >> i think the tools we're using are slightly different.
4:37 pm
they've been adapted for the fact that america is voting in a significantly different way than they've voted in the past. in the past roughly 6, 7 out of 10 americans voted on election day at a polling place. this year only about 40% of americans are actually going to be going to the polls. 40% of voters will be going to the polls on election day and putting their ballot in a ballot box. 60% of americans will either have voted early, they'll be voting by mail, voting absentee, so it's a very different electorate, a very different shape of how people are voting. and so we have adapted our tools to basically fit with the way americans are going to be going to the polls or are already going to the polls this year. and that's what we've developed some tools, it's a little inside baseball to describe it in detail, but those tools will give us a sense on how the americans who are voting early or voting by mail are voting and then how the voters who are vote on election day are voting. and that's what we'll be able to
4:38 pm
discuss on election night. in terms of whether or not we can make a call, that depends on americans, on how close the election is. to the extent that the margins are wide in any given state, i think we will be able to make a call that night. to the extent that the election comes closer, it may take a couple of days or a little bit longer to make a call because we're going to have to wait until all the votes are counted in the state, and that will, and that could take some time. but that's, you know, a day or two before the election, ask me, i'll tell you how quickly we'll know. connell: right. it wouldn't be the first time we didn't know who won, but does the vote by mail component in and of itself, does that make it less likely that that you can make a call, or those tools you mentioned, what we're doing at fox, do you think you're set up for that where it's, you know, it's not necessarily because people are voting by mail, it's just how close it is? >> well, actually, you know, the reason we moved to the fox news voter analysis and left the
4:39 pm
consortium exit poll after 2016 was because voters are no longer exiting the polls where they used to. so an exit poll didn't really work. and we thought there needed to be more coverage for the large percentage of americans voting by mail. we had no idea it was going to get quite as large as this year due to the pandemic, but our tools, i think, are the best available tools and various models we're developing are the best available to describe and discuss how these voters are behaving and what the numbers look like. and we think we're well suited to do that. sometimes you have to wait for the votes to get counted by the state, and that can talk some time. this year it may take a little longer. connell: we understand. we don't envy the job you guys are doing, but we certainly appreciate it. let me ask you, i said at the outset we're heading back out on the road for the next couple weeks, we've been doing this series of reports on swing state
4:40 pm
economies. next week we'll be in florida for a few days. everybody said it's a must-win for president trump. and it seems like it is if you do the math and play around with the maps and what have you. it's hard to come up with a scenario where the president wins re-election without florida. what's the key this year in 2020 to florida as you look at it? >> okay. i think that that's exactly right. i think florida, which, you know, we're going to start checking data from florida starting at 7 florida, and that that -- 7 p.m., and that'll give us a good indication how well the president is doing. as you say, if he doesn't carry florida, it's really hard to get to 270. and the keys to florida, i think, is going to be the extent to which trump's traditional base -- which is what we, you know, basically the white vote, the whites without college education, particularly in the northern panhandle and the like, how strongly they are turning out for the president. the second key thing for the
4:41 pm
president is going to be the latino vote. and the latino vote, especially in florida, is key for republicans, but it's also key for democrats. and one of the things about latinos, hispanics this year is when you look at their vote, they're not as strongly for former vice president bind as you would have expected. vice president biden. and i don't know if that's just the noise of polling or if that's something we're going to see. but in florida that boils down to the cuban vote in the miami area and other hispanics elsewhere in the state. but for whatever reason -- either because of of the cubans, i think, in particular have generally been slightly republican, but the other thing is a lot of hispanics from south american countries as opposed to puerto rico are vastly more comfortable with the president's attacks on the democrats being too left-wing because of what they've seen happen in heritage countries that may make them more likely to stick with the
4:42 pm
president. that will be very interesting on election night. connell: those are interesting points, and we'll watch both of them. we'll have reports next week on both of those factors and more from florida. thank you for that and also explaining how the process, as i said, might work on november 3rd. we'll talk between now and then. good to see you. the very wealthy, meantime, are giving hundreds of millions of dollars to both the trump and the biden campaigns, as you might suspect. but there's new data in that reveals there's one candidate holding a major edge in this department, and fox news correspondent william la jeunesse has an inside look. >> reporter: billionaires, of course, are the punching bag of the democratic party, and the media typically portrays the gop as the club of fat cats. fact is president trump actually has more small donors under $200 than joe biden who gets 53% of his money from large donors. we. >> we cannot a afford a billionaire class --
4:43 pm
>> reporter: billionaires took a beating in the democratic primary. >> i don't think any billionaire ought to be able to do it. >> but they're back helping finance both presidential campaigns. >> we're talking tens, hundreds of millions of dollars. >> reporter: the top contributors show an even split. casino magnate sheldon aidington, tycoons tim mellon balanced by tom steyer, hedge fund billionaires donald sussman and james simons, activist carla -- and michael bloomberg. >> it's important to know who is influencing our election. >> 134 billionaires support joe biden according to "forbes" magazine compared to 101 for donald trump. continuing a trend. in 2018 billionaires gave more to democrats than republicans. by law, candidates can only accept $5,600 per donor per cycle. but donors can give unlimited
4:44 pm
amounts to outside groups. example, stier gave i biden's camp and joint committees just over $500,000 but dropped $54 million to pacs supporting biden and other democrats. 34% of biden's billionaires come from wall street followed by rich families and silicon valley. connell? connell: william la jeunesse following the money for us. thank you, william. a quick note now on sports, they are taking extra precautions, the new york jets closing their facilities today, sent the players and coaching staff home after what they said was a presumptive positive test, just two days ahead of the week five game with the arizona cardinals. incomparable design makes it beautiful.
4:45 pm
state of the art technology makes it brilliant. the visionary lexus nx. lease the 2021 nx 300 for $359 a month for 36 months. experience amazing. at your lexus dealer. this was the theater i came to quite often. ♪ the support we've had over the last few months has been amazing. i have a soft spot for local places. it's not just a work environment. everyone here is family. gonna go ahead and support him, get my hair cut, leave a big tip. if we focus on our local communities, we can find a way to get through this together. thank you. ♪ if you are ready to open your heart and your home, check us out.
4:46 pm
get out and about and support our local community. we thought for sure that we were done. and this town said: not today. ♪
4:47 pm
it's time for aerotrainer, with your weight and health? and this town said: not today. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. build your upper body with pushups.
4:48 pm
work your lower body with the aerosquat. the aerotrainer is tested to support over 500 pounds. it inflates and deflates in less than 30 seconds using the electric pump. head to aerotrainer.com now. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. connell: helping college athletes to score a paycheck. members of congress on both sides of the aisle are working to pass legislation that would allow some collegiate athletes to capitalize on their own name, their image and likeness. and here with us now are cosponsors, democratic congressman emmanuel cleaver from missouri and republican robbie davis from illinois. congressman cleaver, i know you played some football back in your murray state days, but they didn't pay you for those cleaver
4:49 pm
jerseys maybe that they were selling, righting back then. tell -- right, back then. tell me what brought this about for you and why you think it's important. >> all you have to do go to any major college in the country, and one of the things you're going to discover rather quickly is if you ask show me around the campus, the most elaborately financed parts of the campus will be the athletic dorms and the gymnasiums. colleges and universities are spending a lot of money enhancing, you know, their building program with athletic dollars. and these young people come in, in some cases, from public housing and -- not all, of course, but they come in and they struggle because if they should somehow ask somebody for a -- 100 -- $100 loan, they're going to violate the ncaa rules
4:50 pm
and end up losing their eligibility. i mean, why not allow them to use their own name, use their own image instead of the colleges doing that and getting, becoming wealthysome. connell: and especially this year, i think you could argue -- i would just add to what you were saying, you know, in the middle of a pandemic, many of the bigtime college football players, you could say, are risking their health and making a lot of money for either the schools or at least preventing them from losing money and the television networks and what have you. congressman davis, i know the ncaa will, in january, vote essentially on this, whether the athletes can profit from their names. does this bill add to that at all, or is it pretty much the same thing? how do the two work togethersome togethersome -- together? >> so we certainly hope they get the message that congress cares. and what's been happening is that we have states that are implementing procedures for college athletes to be able to take advantage of their name, image and likeness in their own states which creates an unlevel
4:51 pm
playing field during the recruiting process too, which is why we want to have a federal standard in place that's going to give these student athletes a chance to profit off of their own name, their own image and likeness, but also make sure that we allow our playing field between colleges and between programs to be competitive. this is something that i really want to thank my good friend emmanuel and also our colleague who was a division i athlete and a first round draft choice in the nfl are, anthony gonzalez. he knows what he went through, and this is his solution and our solution. connell: we've had congressman gonzalez on the show before. you know, it's interesting, so that's an important point, the distinction between, you know, say, if california allowed this to happen, and that might give ucla an advantage over oklahoma or whatever the case may be. that's really what the bigs would do like, it sounds like, congressman cleaver. would you support going further than this? the debate has been for years whether the athletes should be
4:52 pm
paid a salary and then you get into largely because of title ix you need to pay all the sports, male, female, revenue-generating, non-revenue-generating, do you support going further? >> well, i think, you know, a what my colleague and i are doing is we're going to make a discussion that's been happening behind doors a public discussion. and hopefully, colleges and universities and the ncaa, the national athletic conference, they have a division that actually can put meat on the bones of this. look, i've had six knee operations. i was not going to go to the pros, but i have acl and just kept playing and getting surgery after surgery. and when it's over, i got a few photographs of me in my uniform, but that's about it. you know?
4:53 pm
and back then, you know, the programs weren't getting as much money now, but right now you go to ku down the street from me here in missouri or any of the major schools, and those programs are bringing in millions and millions of dollars, and the athletes are out there playing, sacrificing their knees and shoulders and in some cases their brains. and when it's all over -- connell: it's a really interesting topic. we've talked before about it, so we're going to follow this legislation, also the ncaa vote in january. congressman cleaver and congressman davis, thank you. again, we'll follow up. i we do have to move on to a fox business alert. word has come in from the trump campaign, they've announced the president will deliver ree marks in sanford, florida, on monday night. there had been speculation about something over the weekend. it comes after the administration announced the president would make remarks on saturday, which is tomorrow, not in florida, but at the white house. so, again, at the white house i
4:54 pm
believe it'll be a balcony event tomorrow, florida monday night. we'll be right back. ♪ metastatic breast cancer is relentless, but i'm relentless too. because every day matters. and having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopausal status. and it's the only one of its kind you can take every day. verzenio + fulvestrant is approved for women with hr+,
4:55 pm
her2- metastatic breast cancer whose disease has progressed after hormonal treatment. diarrhea is common, may be severe, or cause dehydration or infection. at first sign of diarrhea, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening inflammation of the lungs can occur. talk to your doctor if you have new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include tiredness, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. every day matters. and i want more of them. ask your doctor about everyday verzenio. anna could only imagine a comfortable night's sleep without frequent heartburn waking her up. now, that dream... . ...is her reality.
4:56 pm
nexium 24hr stops acid before it starts, for all-day, all-night protection. can you imagine 24 hours without heartburn? some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know. if you have medicare you may be able to get more benefits without paying more through a medicare advantage plan. call now to request this free guide. learn about plans that could give you more benefits from humana. a company with nearly 60 years of experience in the healthcare industry. humana offers a wide range of all in one medicare advantage plans that include medical and prescription drug coverage. plus valuable extras that may include the silver sneakers fitness program and mail order prescription coverage. with humana you'll have lots of doctors and specialist to choose from and peace of mind, knowing you're covered for doctor's visits and
4:57 pm
hospital stays. plus routine physicals and preventative care all for an affordable plan premium and in many areas no plan premium. you'll also get zero dollar co-pays on telehealth visits, unlimited inpatient hospital stays, plus an annual out of pocket limit for added peace of mind. humana even rewards you for making healthy choices like staying on top of preventative care. many plans also include, dental, vision and hearing coverage. and when it comes to prescriptions, in 2019 human's medicare advantage prescription drug plan members saved an estimated 7,800 dollars on average on their prescription costs. so if you want more from medicare, call now to learn about humana medicare options that are good for your health and your wallet. a licensed humana sales agent will walk you through your options, answer any questions you have and help you enroll over the phone. plans with a zero dollar monthly plan premium are available in many areas.
4:58 pm
call now and we'll also send this free guide. humana, a more human way to healthcare. connell: bridgeing the gap, a virtual fa' market is producing -- is connecting producers, i should say, to new customers. this after the pandemic just wreaked havoc on their normal supply chain. grady trimble is live in evanston, illinois, with the latest. >> reporter: hey, connell. it's called the village farm stand, and it's helping those farmers out. it's, essentially, a virtual farmers' market. customers picking up their orders right now. they've placed those orders online, and the produce comes from 35-40 different farms across michigan, illinois and indiana. you can see here in the fridge a lot of product there. this is produce that would have ordinary lu are gone to restaurants, but then suddenly that loyal customer for those farmers, well, they had to shut
4:59 pm
down. matt wexler, he's the guy behind this operation, you decided we're going to help these farmers out and get this product out to customers if even though the restaurants are closed. >> yeah. i mean, they were really hurting for business, you know? they had been supporting all these restaurants, and then that market just drieded up with the pandemic. we're a retail outlet for them. >> reporter: i want to put some numbers up too, because one thing that's beneficial for the farmers is that when they go through the grocery store supply chains, that cuts into their profit margins. when they go through you, they get a lot more. >> 60 cents on the dollar for everything we're selling, you know, which is drastically different from the industry which, generally speaking, is just under 22 percent. >> reporter: so this is a business, connell, born out of necessity during the pandemic. it's helped the farmers out, in fact, so much that their sales are up compared to when they were just serving the restaurant, and this business is doing so well that they plan to expand here in the chicago area and eventually start some franchises in other parts of the
5:00 pm
country. congress? connell: interesting stuff as usual, grady. thank you, grady trimble. quick programming note, i will see you on monday from florida. our mundt show will be in orlando -- monday show will be in orlando. have a great weekend, everybody. ♪ ♪ lou: good evening, everybody. president trump's health continues to improve, and he is planning his first in-person event tomorrow, eight days after being admitted to walter reed hospital with the china virus. president trump scheduling a law and order event on the white house south lawn. the president will speak, we're told, from the balcony of the white house, and as the president's spirits are rising, so are his prospects for reelection. president trump is now polling much closer to joe biden in key swing states than he was, for example, at this point with hillary

75 Views

info Stream Only

Uploaded by TV Archive on