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tv   After the Bell  FOX Business  October 15, 2020 4:00pm-5:00pm EDT

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year. if you take out stocks i mentioned, "fang" stocks are up 40%. if not for those the market would be down 4%. [closing bell rings. liz: george young, three days of losses in a row. first time since september 21st that will do it for us. connell: we see fresh worries about the economic recovery and stocks sliding on stimulus concerns. we also had a surprise jump in job claims. connell mcshane welcome from the state of florida. own "after the bell" the major averages certainly closing off the lows of the. all three, dow, s&p, nasdaq are in the red. this is the third day we've been down. this is the longest losing streak in a month or so our swing state economy series brings us to miami. this was supposed to be the day of the second presidential debate in this city. instead tonight president trump
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and joe biden will be participating in dueling town halls. as a matter of fact the president is on his way here to miami as we speak. expected to touchdown later this hour. we'll bring you any developments from president trump's visit as we continue. first though, our top stories live with fox business team coverage. jackie deangelis in the new york newsroom. we start with blake burman on the north lawn at the white house. blake. reporter: hi, there, connell. there are two very different messages from the top two republicans here in washington when it comes to the possibility of another covid relief package. let's start with president trump. as you know called into fox business earlier this morning, spoke with stuart varney. the president said that he is open to potentially increasing the white house' offer above the 1.trillion $1.8 trillionish figures as it relates to nancy pelosi's $2.2 trillion figure, he doesn't necessarily like some of aspects in the democrat plan. listen here to what the president said when he was asked about the possibility of raising
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the number. watch. president trump: i would. the republicans will too. because we like stimulus. we want stimulus. we think we should have stimulus because it was china's fault. it was not the american worker's fault or the american people. >> why not just go with speaker pell lows is sy' as $2.2 trillion deal? >> she is asking for all sorts of goodies. she wants to bail out badly-run democrat states and cities. she wants money for things, you couldn't, your pride couldn't let it happen. reporter: the president says republicans will go along with raising the offer but in kentucky today senate majority leader mitch mcconnell made clear that he is not open to having the price tag increase? >> no. no. he is willing to go higher than my members are. we spent a lot of time on this and, but even president's higher number she is not willing to
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match anyway. so i don't think that leads to an outcome. reporter: mcconnell said today that 52 of 53 senate republicans support what he is expecting to put on the floor next week which is, on senate floor next week which is roughly 500 billion-dollar package. connell, that is a fraction of the $1.8 trillion number the white house is negotiating on with nancy pelosi right now. you have this dynamic and republicans and republicans trying to figure out what they support. republicans and democrats trying to negotiate a deal. some democrats all of sudden hey, let's get a package together and we await a potential nancy pelosi, steve mnuchin phone call today, what might come from that as we are expecting the two to have a phone call about the state of negotiations and we'll see what readout comes from there. connell? connell: blake, then you have on top of that investors on wall street who have to digest all that back and forth in washington and jackie deangelis joins with us the wall street
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recap. reporter: good afternoon toe you, connell. the market starting sharply lower worries about a fading recovery potentially could stall if there second wave of coronavirus we're seeing evidence of in europe. jobless claims did not help the narrative. jumping to a seven-week high. the stimulus stalemate, even more pressing because of those jobless numbers but slowly throughout the session we saw stocks clawing their way back to end off session lows. the dow, s&p 500, nasdaq all lower but not as bad as it could have been today. blake mentioned the fact that president trump talked with stuart varney. he did say he is willing to go higher than the $1.8 trillion figure but mnuchin has not brought the bacon home. that is something investors are watching the bacon. amazon, microsoft, facebook all in the red today. some earnings to consider as well. third quarter earnings will be very important as we get into the thick of things.
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walgreens, morgan stanley truest financial, charles schwab they all beat on eps and revenues so there was some upside there. the dow's losses interestingly coming from sales force, amgen, microsoft visa, goldman sachs. 10-year treasury note yield falling to a two week low, very strong signal flight to safety for investors, connell. connell: 0.37%. thank you, jackie. steve moore, freedomworks economist joining us. always good to see you, steve. president calls in to the show i will go up above 1.8 trillion. mitch mcconnell says that will not happen. what is going on with all the stimulus stuff, do you think? i guess we're having a little trouble. >> hear me okay? connell: go ahead, steve. i hear you fine. what is going on with stimulus do you think?
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>> so there is a back and forth battle for four months, hasn't it. one day it being loose like we'll get this done. the next it doesn't. i would be surprised if nancy pelosi wants to get a stimulus bill done at this point. they're looking for a two trillion dollar price tag for this. i for one i don't think it is necessary. i disagree with the analysis that the unemployment numbers came out today that were bad. we had another million people dropped off the unemployment numbers rolls. that is a great number for us. we saw increase in small business confidence this week. small business confidence is higher today than anytime eight years under biden and obama. you're seeing really i think solid employment growth. so i just don't see the need for it. i would say right now it is about 50/50 whether they will get something done before the election. connell: well you don't see need for it. mcconnell doesn't look like he has the votes for it but the president is pushing for it and
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wants more than 1.8 trillion than he said is looks like politics a few weeks before an election, what do you think? >> content matters a lot. pelosi is still holding out for 400 billion-dollar blue state bailout which is ridiculous. you have half the states now, most of the red states have already balanced their budgets. they don't need the money. it is for california, new york, new jersey, connecticut, massachusetts, those states and you understandably, red states don't want their tax dollars to pay for the i will snow pension -- illinois pension system there is disagreement on how much for unemployment insurance. pelosi wants 400 to $600 a week. that will increase unemployment, not reduce it. so these are big issues. by the way two trillion dollars is a lot of money. i have a piece in "the wall street journal" last week, that is more than the entire tax collection from the income tax for all of 2021. why wouldn't we just not collect
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income tax in 2021? it would be cheaper for taxpayers and do a lot more for the economy. connell, there is a lot of skepticism on the side of republicans in the house and senate about the value of this kind of package. connell: it is funny, someone has to remind us every now and then, this is real money and two trillion dollars is a lot of it. i interviewed a chairman of a company coming up, hard rock international coming up later in the show, he brought it up are we worried about debt? you know i don't hear anybody talking about that anymore. interesting we used to hear things we talked about all the time, so odd and out of place we assume we'll keep spending but as you tell us, go ahead. >> one other quick point, 25, $30 billion for airlines? we don't need to do that. costs 1/10th to protect wages of airline workers. call me old-fashioned i think losses should be absorbed by the shareholders, not by the
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taxpayers. not as if the airlines go bankrupt. they will have to shrink operations. there is no reason for the federal government to start picking winners an losers by industry that didn't work so well in 2009 when we did it. connell: let's talk a little bit about politics. we're couple weeks out from the election. dueling town halls as opposed to a debate will take mace this evening. president is here in miami. joe biden has a town hall of is own on television? a different network. what is the president's message in your area of expertise, economics, that could resonate, help him as the election draws to a close as he needs to get across? >> i am glad you asked that question, that is really the most important of all. the answer to that question is very simple, mr. president, talk about how well this economy is doing. this is a rocket ship right now. even with the losses the market last couple of days the stock market at all-time highs nobody six months ago, no one on earth thought we would have 11 million
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additional jobs. no one would thought we would have 33% growth of gdp. he has to make the argument, you don't want to change pilots right now. we've got everything going very well with the economy. did it once before. now i'm doing it again in an impressive way. connell, look at the rest of europe, some of these other asian countries. the united states economy is growing faster than any other nation. i think that has to be his argument. he has to be presidential. he has to convince people he is not a mean guy. he is not rude and that he is someone who is putting the interests of american workers first. if he does that, i still think he is going to win this race because you know, it was bill clinton said it is the economy, stupid. connell: yeah, that was right. one of his famous strategists there years and years ago. thank you steve moore with us. glad we got the shot up and working. as we await for the president to arrive, where we are democrats
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dominate the political scene in miami-dade county. this is ironic this area might be very important to the president. as we said over and over he need to win this state. florida is a must-win for president trump. as we reported throughout the week he appears maybe to have lost support among groups like senior citizens. but the polling shows he could make up for some of that with cuban-americans. now we have pictures you're looking at now of the little havana neighborhood in miami. "after the bell"'s jamie was there, she spoke to voters and decisions they make about american politics are influenced what they remember about cuba. >> what is driving your vote? >> well we, wees caped from cuba. we know socialism communist system is. >> there is one president bring the screw to the dictatorship is trump. >> really more of an endorsement against the democratic party. i would be setting for him because i think the democratic party is trending towards the
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left. i don't think this is what this country is about. this country has always been a exceptional country, free market country, thrives on small government. that is what will be preserved under the trump administration. >> right now i have, i'm on the edge. i really like biden because biden has been there for a while. he has a lot of experience and that is the reason why. >> you said you switched from biden to trump. tell us why? >> well, i voted for hillary and before i voted twice for obama and somehow i wasn't aware that socialism was slowly getting into the democrats, democratic party. >> oh, trump. policies of the republican party and they're for growth. they're for liberty, for freedom, for everything that
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america stands for. connell: really interesting stuff. with jamie talking to those voters in little havana. if you look at the president's messaging where he tries over and over again twitter, other places to associate joe biden with socialism, that economic message is resonating in places like that. look at the numbers for a moment. hillary clinton won miami-dade county big time, won by nearly 300,000 votes. you might remember yesterday we had joe graders on the state party chairman for republican party of florida. he spoke to him yesterday and he believes president trump can outperform 2016 numbers in this county. 200,000 votes in miami-dade. even not that much, if anything close it would have big impact on statewide count. we'll watch that closely. once a coronavirus hot spot, this city is actually loosening up restrictions on restaurants and doing so in a big way. we'll talk to the mayor of miami, frances suarez. he is coming up next.
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chairman of hard rock international. he will weigh in with the plan to drive demand back to the casino business. don't go away. we'll be right back. ♪ at fisher investments, we do things differently and other money managers don't understand why. because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you high commissions, right? we don't have those. so, what's in it for you? our fees are structured so we do better when our clients do better. at fisher investments we're clearly different.
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♪. connell: all right, opening up for business again and doing so little by little. miami loosening covid-19 restrictions for restaurants and pushing back its curfew to midnight to try to help the small business community boost revenue during the pandemic. we're joined by the mayor of miami, frances suarez. welcome back to the show. mr. mayor, good to see you in person. >> good to see you. connell: restaurants, start there, 100% capacity. doesn't seem like every restaurant is 100% capacity. need people to buy in. how are things going in the city? >> it is going well. the governor issued a order to open up bars and nightclubs an restaurants to 100%. we increased the curfew to 12 midnight. connell: it was at 11? >> it was 11. went up to 12. that was not in the governor's orders. schools opened last week.
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we have not seen a significant uptick in cases. it has been kind of flat. it was 3500 a day. significant improvement,6%. connell: schools seem to be going well. i saw you quoted on bars and nightclubs, people go in to stay and watch the whole game, wasn't that was the problem in the bars? >> problems anywhere there was mass congregation of people. miami heat making a title run. the game started at nine, didn't end until 11:30. we were encouraging the county mayor to open up to midnight. we did it on friday. they did it on monday. connell: are you concerned crowds will too big there? that is where you get spread something bars. >> so far so good. we're monitoring day by day with the coronavirus task force on a weekly basis. we sort of touch base. we are very blessed. we hope it stays that way and we open up. connell: your jurisdiction is downtown miami city of miami.
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>> yeah. connell: florida is little different, you are working with officials on the county level and governor. you are are a republican, governor ron desantis republican governor. he overruled local leaders on a lot. how is that all working. he has been very aggressive. are you on board with the governor's edicts for lack of a better term? >> he has been really good, particularly throughout this entire time letting the city of miami, miami-dade county go at his own pace. it wasn't until the order a couple weeks ago he stepped in wanted all businesses open included bars and nightclubs. we weren't quite there. would get there the next couple weeks. he accelerate ad that a little bit. there is always apprehension when a opening of that sort it could start a spike and obviously going into flu season is also a concern but so far schools, bars and nightclubs open and flu season we haven't yet seen it. i think next two weeks will be critical. connell: businesses are obviously on board. they like it. >> of course.
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connell: a matter of balancing that, right? political season. we'll talk a few minutes in the time we have left about politics. we're supposed to have a big debate you were hosting tonight. >> yes. connell: the president will land a few minutes at miami international, doing a town hall on television tonight, and what do you make of the race? we did a story a few minutes ago. you know politics in this city, in this area. we did a story about the cuban-american community. the president's team, i talked to other members of his team, to other florida officials very confident of that community not winning miami-dade county for them, boosting their out put, narrowing the margins one of the things puts the president over the top? >> vice president already here. president is coming in. doing phenomenally well with cuban-americans particularly with newer arrivals. he has 75% republicans among new arrivals. connell: all economic message, telling us that the voters speaking to us? >> his policy towards cuba and
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venezuela has been the right policy, has been a very strong policy. that is why they're enthusiastic about his leadership on those two issues. i think, like you said, i think their objective and strategy is not necessary to win miami-dade county. they lost by 30 points in 2016. they're polling at 15 points, some of the things i heard. so half the margin. idea, i'm asking in florida, very, very narrow margins. they have to do better in miami-dade county so they can have tolerances throughout the state. connell: final thing here, mentioned levels of enthusiasm, what is your own level of enthusiasm for the president's re-election? >> there is tremendous -- today there is boat parade. a car parade with 30,000 cars in city of miami. he definitely has enthusiasm. connell: what about yourself. >> in terms of him win being? connell: your own support for him? >> i've been supportive of him and republican party throughout the entire time. i'm hopeful we have a president reelected this year. connell: think he will be able to do it in florida? >> we'll see. connell: we'll see. good to see you again,
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mr. mayor. the mayor of miami, frances suarez with us. we have another story to get to come in here. "fox business alert," speaking of the debate supposed to happen tonight, c-span announced it is suspending political editor steve scully doing so indefinitely, and admitted twitter feed was hacked that he lied. scully was supposed to moderate that debate, one that was canceled on the presidential side. last friday he said his account was hacked. around he denied sending a tweet to scaramucci asking if he should respond to the president on twitter, called him a quote, never-trumper. mr. trump just reacting to that announcement a tweet from the president. i was right again, he said. steve scully just admitted he was lying about his twitter being hacked. the debate was rigged. he was suspended from c-span indefinitely. the trump campaign not treated fair by the commission.
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did i show good instincts being first to know? steve scully. wow. researchers hoping to answer the question is it safe to fly? the risk of covid transmission on an aircraft is virtually nonexistent when passengers are seated wearing a face mask. for what it is worth it the study was conducted by one of the airlines. united airlines partnered with the department of defense. they ran 600 tests in three months. we're live today from miami. oul. thank you sofi for a great experience and for helping me get my money right. ♪ ithe first full prescriptionis pstrength non-steroidal anti-inflammatory gel... available over the counter. voltaren is powerful arthritis pain relief in a gel. voltaren. the joy of movement.
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a subpoena for a hearing at the end of the next week. they blocked links to two stories "new york post" made critical of hunter biden and former vice president joe biden. twitter limited exposure of that story. the "new york post" says they have a from a computer repairman, those emails from the "new york post," that hunter biden introduced his father to a ukrainian business associate. the former vice president deny and continues to deny any meetings like that. the emails also allege that hunter biden worked out a deal with a chinese businessman with connections possibly to the chinese military after visiting there on air force two, saying in an email, the teal would, quote, interesting for me and my family. twitter and facebook moved to suppress the spreading of those stories. twitter going farther to suspending the accounts of "new york post," personal page for white house press secretary kayleigh mcenany and trump campaign for president, 19 days
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before the election. president donald trump told stuart varney there may be a big lawsuit. president trump: it is like a third arm, maybe a first arm of the dnc. twitter and facebook, they're all, they're like, they're like, really it's a massive campaign contribution. reporter: senator tom cotton now saying that republicans will not come to the aid of big tech when democrats want to break up the companies. senator ted cruz said there was no censorship when "the new york times" ran countless sources on president trump based on sources. >> twitter and facebook they don't do it for all the attacks on donald trump. "the new york times" claims to have his tax records, wrote article and article about his taxes. nobody has seen them, but they say they have them. twitter and facebook didn't block you tweeting on that. reporter: this "new york post" story has grown beyond the allegations against hunter biden and what involvement his dad may have had.
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it's a big tech story about censorship on one side. back to you. connell: yeah, that is why we're covering it so extensively. turned into a big business story. amazing to watch this the last couple days. edward, thank you. one florida industry is still fighting its way back. we're speaking broadly about the tourism industry. the state seeing a decline of 20 million visitors when you compare to a year ago. how visitors are forced to adapt to a new climate. we'll have much more. >> economy will be back right now because we've been here from the coronavirus. if they blame trump all the time about the coronavirus. that is not an issue. ♪. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center.
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♪. connell: it's a long road back. it's a tough time to be in the casino business but as we found out today it is much more challenging in certain parts of the country than it is in others. hard rock international chairman jim allen who just had shoulder surgery a couple days ago was kind enough to invite us out to the company's hollywood, florida , location where he gave us update on the conditions in the covid era. seven months into the pandemic. start at 30,000 feet. so many businesses certainly
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around this country, where are we? how are things going right now? >> depend on the geographic region. here in florida we're doing very well. unfortunately i got the notice in europe we're closing another eight cafes we reopened because of the pandemic. now with second round coming through, we're obviously focusing on those things. geographically that dictates the situation. connell: those stories out of europe do you think we'll go back into shutdown mode in the united states? >> i hope not. florida is a good example. governor desantis has had a mindset day one get business open. we saw spikes in the summer. daily reads seem to be very level situation. we're hopeful that things stay status quo. connell: what about other parts of the country have not been able to catch up as quickly as florida? where are you still struggling a little bit? >> we're struggling in new york
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city. times square, our frankly marquee store still not open. we're given information that broadway may not open until the end of next summer, potentially at the earliest. tour rich, hotel occupancy rates, airlift are truly lagging behind. when you see something like times square where virtually no one is there, that become as challenge. orlando, huge challenge. we're open, very candidly no one is in the park. hotel frankly was the most successful hotel in the orlando market, hard rock hotel. occupancy is less than 10%. we're very concerned about the ramp up, how long that takes but you know one step at a time. connell: how have you guys done saved -- safetywise? you and i sitting fairly distanted apart. for most part people are complying. is that an issue? >> that is something we're very proud of. we made the decision back late
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march, early april, we'll invest tremendous, many, many millions of dollars in technology to do body imaging thermal scanning, all the things to make sure people are safe, not just our guests but equally important our employees. so safe and sound is a program that we rolled out on a global basis. frankly it has done very well for us. we had acknowledgements from really many governors, many states. frankly more importantly our guests. so we don't think that is an issue. but we certainly think it is something we have to monitor on a daily basis. connell: on the global perspective you have economically, what would you like to see happen? do you think government should get more involved? there is debate in stimulus in terms of helping business. is it more on local side where ron desantis setting the example here in florida on businesses making their own decision, what do you think needs to happen yet? >> i think first thing that needs to happen the election has
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to pass. unfortunately the information is filtered basically on a particular political agenda. i hate to say that is reality but that is it what we believe. we'll assess the situation after the november election number one. connell: do you think it matters, and people are less political? >> i don't think it matters who wins but i think we may get a more direct approach to what the facts are. i think both sides right now are protecting, we don't need a mask versus we need a mask and let's shut down cities. you know we are proponent for business to be open. we think it is very important to get our 50,000 employees back to work. so to me that is a priority. but clearly when you see certain geographic areas, you know, having real issues with people now catching the virus i think we have to be cautious. i think it is one step at a time. connell: for people don't know perspectivewise you did work for president trump, when he was
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donald trump the real estate developer and casino operator way back when. how do you think he handled the economic rebound from the pandemic? >> listen, i'm a supporter of the president's economic policies overall. i think the stimulus obviously to help small business is something that both democrats and republicans were able to agree upon. i frankly think the cares act was very beneficial. thank god they did it. i think we would see a much different situation if they did not. i think it is always very scary when people do not focus on long-term debt associated with the united states. connell: no one is focused on that right now. >> candidly we take great pride in our business, we're levered less than 1 1/2. we have investment grade ratings. candidly the reason why the company is able to survive covid-19 frankly our balance sheet is so strong. sooner or later you can borrow all the money in the world. you can print all the paper to say it is currency. somehow there has to be a backstop to these particular decisions.
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so to just arbitrarily go out to put another trillion or two into the economy for projects in many cases that are not directly related to covid i think is a huge mistake. unfortunately the way the cares act funds were distributed, yes there are some voids. it seems to make sense to go back, both sides of the aisle, put their differences aside. and let's try to find middle ground on something that truly helps small business. i think that is crucial as we look into 2021, frankly beyond. connell: thanks to jill jim allen at hard work the interesting conversation at hard rork earlier today. the questioning of judge amy coney barrett is over. the senator spoke with expert witnesses. the question now is what's next? it looks like, it looks like we could actually get a vote to confirm in the very near future. hillary vaughn reporting live for us from capitol hill.
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reporter: this morning some senate democrats tried a last-ditch effort to try to delay the society on judge barrett's nomination until after the election but that vote failed. so republicans are on track to vote judge barrett's nomination out of committee one week from today. but even though judge barrett over the past two days endured about 20 hours of cross-examination some democrats say they are left with more questions than answers. >> i would be afraid to ask her about the presence of gravity on earth. what was the purpose of this hearing if we reach the point now where we really don't know what she thinks about any issues? >> you're trying to make her something she is not. what is she supposed to say? >> i thought there were a lot of questions in bounds she refused to answer. we're heading into a period where the instructions of every supreme court nominee to get not answer anything. reporter: today judge barrett was not in the hearing room while witnesses testified on her
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behalf. the american bar association told the committee barrett was well-qualified. democrats called witnesses to put a face on the policies they believe are potential jeopardy when a justice barrett on the high court. judge barrett has been very persistent saying critical, democrats argued the timing of her nomination a few weeks before election day is undeniably political and turns the process into a callous power grab. >> that is why republicans are diminishing the committee and the senate. >> they have become accustomed to the supreme court being policymakers. and being a body that bails them out if they can't win the election or win a vote in congress? so i understand their disappointment but i think, their loss is the american people's gain. reporter: connell some democrats are plotting political pay back, saying if democrats take control and they try to expand the court, republicans don't have
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any leg to stand on to oppose. connell? connell: all right. hillary, hillary vaughn live on capitol hill. uncertainty among travelers. according to aaa, a survey done there, 63% of americans say they're not planning a vacation this year. that compares to 29% who say they are. now even in the numbers, there are is some uncertainty among those who are planning a trip, 67% are not sure it will actual end up happening. they would love to see more tourists back here in miami. we'll be back here in a moment. 'd 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.
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florida is more aggressive with reopening. how is it going? >> it is going very well. the weekends are picking up. we're 60% precovid numbers. we're happy with that. once the port of miami opens it will be even larger crowds. connell: i noticed that, walking around here, definitely not packed but there are people. we're on a weekday, not a weekend. tourism being what it is must hurt you though, right? you've got ships right off would normally be docking with cruise passengers and what have you, i suppose or getting red did to go out, whatever the case may be. not having them must hurt business? >> it certainly hindered our business absolutely but with october 31st around the corner, happy the cruise industry is starting back again. we keep looking forward. connell: it is all relative. you the most of it. what was it like during pandemic? you shut down in march? >> we shut down in march. we had nine stores staying open
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primarily food stores. we did pickup and delivery. we fed first-responders. was overwhelming to help folks like that. connell: we had stories with local restaurants and things. people really, they did a lot of good all over the course of the last seven months tore so. >> exactly. connell: predicting the future is next to impossible, maybe you get a better sense than the rest of us what it is like the government says, get after it, you don't have any restrictions. there are a few here but not as many as we're used to in other cities. >> we actually just changed the curfew from 11:00 to midnight. connell: the mayor told us. >> that helped dramatically. we're also 50% seated still in restaurants. sew we've been able to give area, like common area space for restaurants and chairs. connell: he was saying 100% for city, still -- >> indoor still 50. connell: because you have to be able to socially distance and all that kind of thing. and people have been responsive,
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wearing their masks? you feel like, in other words is this a model for what the rest of the country should be doing? do you think other cities should be more aggressive? >> of course i'm going to say it is [laughter] connell: maybe you learned something. >> we did. connell: in new york we haven't taken these steps yet. >> when covid first happened we were working with businesses, it was so funny, you felt like a therapist and big sister, not a landlord. it has been a educational experience for all of us in the office. obviously had to furlough a few people but it is really been a great learning experience. we got closer to our tenants. we learn what we can do to help them. in that aspect, you look at the glass half-full. connell: you had to cut some jobs, you were saying? >> we cut three, almost four jobs. we have not brought them back yet. we anticipate bringing them back in the next month or two. connell: thank you so much for having us in here. it is a beautiful place. it will be interesting to see
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maybe we come back next year to see what it is like now versus then. it is fairly active around people seem to be being safe. nice to meet you, pam. thanks for hospitality. >> thank you so much. connell: bayside marketplace in miami. a pretty good view of the hard rock, hard rock cafe behind us. we were talking to the chairman earlier in the show. getting back to business, how one steakhouse is luring workers back maintaining social distance. the great jeff flock is getting an inside look at this. he will have his story next. stick around. ♪ at fisher investments, we do things differently and other money managers don't understand why. because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first.
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ago, there he is coming down the stairs of air force one, and he will motorcade to his doral resort, trying to raise some money for his presidential campaign before tonight's television town hall. president trump is here in miami. now, if you've been working from home by for months and months, this final story of the hour is the one for you. there's a high-end chicago steakhouse that has shifted operations and trying to give workers kind of the best of all worlds, a place to work, a place to eat and a pretty cool view. so jeff flock heard about this, and we just couldn't keep him away from the place. so he joins us now live from chicago with the story. >> reporter: we love a good steak the, no matter what, pandemic or no. this is smith & wollensky , connell, in chicago right on the riverfront. that's the downtown there. of course, the downtown now is kind of a ghost town, and typically those tables you saw there? they'd be packed with people for lunch. covid-19, not so much.
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so is what have they done? said come on in, those tables that you couldn't buy before, now you can come in and work at? >> exactly. come on in, work, meet with your coworkers, your clients, have lunch, dinner and set up as your office. >> reporter: a little bit like a tar bucks affair. and they also -- starbucks affair. and they also is have these rooms, typically in the evening you'd have an event, now during the day you can come in and work in those places. this is like an office space for people. >> correct. >> reporter: with better food than the company lunchroom. >> yes, yes, that's very true. we're just changing our thought process a little bit and driving some business our way, we hope. >> reporter: want to give one more look at these private rooms because this is ideal for social distancing, if you put people in different rooms, you know? that's kind of a great thing. how do you survive in this? you're at 40% capacity right now. tough enough to make money at 100% capacity.
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will you be around? >> i think we will be. we keep kind of just thinking outside the box and changing up our business plan to accommodate what we're given to work with. >> reporter: well, we sympathize with you, and i will say this, connell, i've had worse places to have lunch on some stories. typically it's a truck stop or something. smith & wollensky -- connell: right. yeah, i had dinner at wawa the other night. not, by the way, anything against that, you get a pretty good turkey sandwich, but smithh & wollensky -- that's a good story. that in some ways as she said at the end they're going through a lot, but so many stories where businesses are innovative. they're not just giving up, they keep going and want to come up with a different way of doing things. jeff, as always, thank you, sir. the great jeff flock out there in chicago with, you're right about american ingenuity, a pretty good business story.
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all right. president trump is here in miami, joe biden also has a town hall, they both have events on television tonight. we'll talk about it tomorrow. thanks for joining us. i'm connell mcshane in miami. we'll see you back here tomorrow. ♪ lou: good evening, everybody. the radical dems' presidential nominee joe biden faces an avalanche of damaging exposes surrounding his son hunter biden and the alleged corruption of family members. another bombshell report today reported by "the new york post" appearing to reveal how hunter biden peddled his influence in the white house to secure lucrative multimillion dollar deals in china. the article contains more e-mails from a laptop abandoned at a delaware computer repair shop last year. reportedly, the laptop belongs

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