tv Cavuto Coast to Coast FOX Business November 11, 2020 12:00pm-2:00pm EST
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♪ stuart: honestly i'm still trying to get over that golf shot. skips across the water on the 16th hole at the masters. it goes in. jon rahm. that is astonishing a nice rally for nasdaq. nasdaq up 216 points. oh, what a golf shot. neil, it is yours. neil: stuart, thank you very, very much. corner of wall and broad the dow up 5 1/2 points. one of the things we're also following that the entire state of georgia will get a hand recount. can you imagine that. will that change roughly 14,000 ballot gap between the president and joe biden? hard to say. that is front and center. also appearances by both the president of the united states and the guy who is in line to become the next president of the united states to honor our nation's veterans. hillary vaughn from wilmington hey, hillary. reporter: neil, president donald trump and president-elect
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joe biden both taking time to honor those veterans who served our country. president-elect biden left wilmington to stop by the philadelphia korean war memorial at penn's landing to lay a wreath there. this is a personal day. his late son beau biden served in the national guard in iraq. the president laid a a wreath at the tomb of the unknown soldier. this is the first appearance since hemant lakhani shun was called. the biden called on the president to concede. >> i think it is an embarassment quite frankly. the only thing that, how can i say this, tactfully, i think it will not help the president's legacy. reporter: even though president trump is biding his time, world leaders are not waiting. biden had a round-robin ever
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calls with leaders around the world congratulating him on his win and recognizing him as the incoming leader of the free world. biden also says he is looking forward to speaking with top republicans and says he thinks silence on their side is because they are quote, mildly intimidated by president trump but some republican lawmakers say it is only appropriate to wait. >> there are court cases that are going on. there are undecided races, undecided counts in a number of different place. i think it is fair to say let es see all of this go out there before we make a declaration. reporter: concede something not just a owe h polite fornalty t triggers the transition process. that gives incoming green light for the administration to get classified material and federal funds. president biden said yesterday without that they are not slowing down. they expect to announce some cabinet picks before
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thanksgiving. neil? neil: thank you very much for that, hillary. the to georgia with the hand recount they're talking about. the secretary of state says every single ballot will be counted again on all of that. jonathan serrie on the latest how quickly that can get done. that is a lot of ballots, jonathan. reporter: it will take a long time, well into this month. president trump and joe biden are separated by just over 14,000 votes so far statewide. because of that thin margin, georgia's top elections official has announced there will be a recount, not only a recount, but one literally conducted by hand in every georgia county. take a listen. >> well, because we now have that verifiable paper ballot for the first time in 18 years, we'll have something to count instead of pressing a button getting the same answer. we'll be counting every single piece of paper, every single ballot, every single lawfully
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cast legal ballot. reporter: georgia recently switched to electronic voting machines but they do produce a paper trail in addition to the electronic vote. this morning in the atlanta suburb of marietta, florida senator marco rubio headline ad rally for georgia's two republican senators, kelly loeffler, david perdue. they are closely aligned to president trump. they are echoing demands of unproven claims of democrat fraud. rafael warnock and jon ossoff are campaigning on liberal issues such as the affordable care act. >> traditionally democrats running statewide in georgia tend to appeal to more moderate factions in the party. they're trying to win over moderate voters as well. you will see out of jon ossoff, rafael warnock unapologetic progressive platform they think can excite the base to come out
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again. reporter: spending by both parties is expected to exceed $200 million. neil. >> just incredible. jonathan serrie in atlanta, thank you very much. if democrats want to take control in the senate they need to win both runoff races as they stand now. how likely is that? john bussey, "wall street journal" editorial. that is uphill claim climb as things stand, right now, john, if they take both races all bets are off. >> all bets are off. earlier today it was 48-48. then thom tillis won in north carolina. cal cunningham conceded to him. the democrat conceded to the republican. now it is 49-48. so if you win, that is why all attention is now on georgia. this is a very high-stakes runoff election. it is going to happen on january 5 for both parties because if you win both of those
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seats then the republican party has 51 senate seats and the democrats will once again be in the minority. if the democrats are able to win one of those seats and you know keep the, keep the republicans from getting a majority in the senate, then you have got a situation where you might have a tie, if it was actually the democrats at this point would have to win both. if you had a tie then you at 50-50 because the alaska senate seat still open is expected to go republican. at 50-50 the vice president gets to break ties that would be kamala harris. neil: you know what's interesting too? we ignore it because it -- democrats have maintained control of the house but it is narrowed considerably. still number about races to be ironed out here. but if you look at some of the latest figures, it is amazing the democrats hold is about 218 to 201, coming off a gap of 232
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seats to 197. of course there are, i wouldn't call them bow weevils conservative democrats we had during ronald reagan, they don't move in lockstep certainly with nancy pelosi. there could be a whole different dynamic on the hill. play that out. >> so the election night was a good night for republicans. as you point out they picked up seats in the house. they narrowed the majority that the democrats have. they did well in the senate. it looks as if they are headed toward a majority in the senate as well, a narrower one perhaps but nonetheless a majority. if these two seats do stay with republicans in georgia. and right now it is very close. both of those races are. so, this was a, this was a pretty strong election for republicans except at the presidential level. and there joe biden won.
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and all of the legally cast and legally-counted and legally-reported ballots, many of those are still being legally counted because as in all presidential elections there are always ballots that come in after election day and have to be very laboriously included in the official count. as that legal count continues, the margin by which joe biden won the presidential race widens, it gets bigger. so the president was defeated by even larger margin as the votes are counted legally again than election day showed. and look, you know, concession speeches are concession speeches. you get remembered for them. you know today cal cunningham said to georgia voters, the voters have spoken and i respect their decision. and he conceded to cal cunningham.
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that might be -- wants -- this afternoon. neil: yeah. hold your breath for that imminent on the presidential level at this point. but very interesting to note that. it was a very classy concession statement on cunningham's part. we'll see how that plays out in other very close races. john bussey of "the wall street journal" thank you very much, my friend. the issue right now with the president-elect continuing right now acting like a president-elect talking to foreign leaders, many of whom have gotten the signal from mr. biden that america is back. again that depends on your perspective what that means, america's back, whether we sign on to global agreements like the climate change initiatives that were of course championed by the obama-biden administration and dropped by donald trump. whether it extends to trade deals where the approach of the trump administration is go it alone see what happens. many successful trade deals scoured as a result.
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a different strategy with the incoming administration. john hannah, join us, former dick cheney national security advisor. john what do you think of the language that, around the tone that joe biden is sending especially to other world leaders right now? >> well particularly with our allies, traditional allies in europe and asia, neil, i think you know, this is manna from heaven. this is exactly what they have wanted to hear. there is no disputing that they have been quite upset and riled by donald trump's approach to national security and our traditional alliances and trade disputes and burden sharing and they're eager for this open embrace from an american president that they have missed for the last four years. neil: you know, john, a lot more attention being paid to iran and the deal that the president ripped up and how quickly joe biden will move to reinstate
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it. i know smart guys like you tell me that is lot easier said than done but what do you think of that aspect of it? the iran deal and whether we go back to what we had? >> well i think it is going to be deeply problematic on a number of fronts. to simply get the iranians back into the deal i think is going to be hard. everything the iranians are talking about now is, they're going to drive a very, very hard bargain. they're not only going to demand that america surrender all of its sanctions but that america compensate it for damage done to the iranian economy over the last several years. i personally think you know, it's fine if the vice president wants to get back into negotiations with iran but he has been gifted by donald trump an unbelievable amount of economic leverage over the iranian economy now. they are in deep, deep trouble and to simply return to the
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status quo of the obama administration and surrender all of that leverage, simply to return to a deal that in a space of a very few years is going to run out and allow iran to surge forward with an industrial strength nuclear program seems to me, that really doesn't make a lot of sense to me, neil. i think biden would be wise to take the leverage he has got from president trump and really insist on getting a much stronger, better and longer deal here with the iranians to limit their nuclear program and all of their malign activities in the middle east. neil: real quickly, and it could be wrong, maybe it is updated now but as of going into the show today there is no indication that the leader of china or the leader of russia have spoken to joe biden or any of his people. do you read anything into that if true? >> well the only thing i can
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possibly read it into, neil, they feel like they get a real advantage. they're standing back enjoying watching the chaos of americans throwing into fundamental doubt the legitimacy of their democratic process. they want these two halves of the country increasingly moving away from each other in a very poll rised environment, they want that to continue. they want chaos and division in the united states to continue because they know our national unity as a country is really our center of gravity and the core starting point for our strength and our leadership in the international community. so they, they're willing to let this go on as long as we're prepared to indulge it here at home. neil: that's very interesting, john, good catching up with you, my friend. john hannah. >> thank you, neil. neil: we're still on this vaccine hype for the markets dissipated the strength we certainly saw on monday this week but continuing now for the third trading day, just one little caveat here. what if that vaccine again is
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delayed and not only on the part of pfizer but moderna and a host of others? what if it doesn't come out as quickly? a brokerage firm says you can wipe 10% off the market averages right now if it is that late, after this. ♪ for over 30 years, lexus has been celebrating driveway moments. here's to one more, the lexus december to remember sales event. lease the 2021 nx 300 for $349 a month for 36 months and we'll make your first month's payment. experience amazing at your lexus dealer.
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♪. neil: i don't know, you pay attention to cdc guidelines, they have got a whole new bunch of them how you handle turkey day this year, depending how close you are to the extended family. you might like them or you might not. jackie deangelis with more. reporter: good afternoon to you, neil. this is our new reality. as you mentioned the cdc is recommending eating the turkey outside. limiting number of people you may have over to your home. using plastic you utensils. people teraph traveling to the airport don't come this year. the cdc is in sync with president biden's message wearing masks. they say if 15% more people in the population would wear masks we could find a trillion dollar in lockdown savings. meaning less spread, less lockdowns. that is how you save the money. that said there is entirely new
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debate is this a second wave of the virus we're seeing? if so, how does it differ what we saw the first time around? here is what we know, neil. the u.s. confirmed a high of 930,989 coronavirus infections yesterday. that is more than 100,000 new cases we've seen for the seventh straight day. while the hospitalizations rates are not like they were in the beginning, they hit a peak of 61,964. deaths reaching an average 930 a day which is lower than the peak which was 2200 back in april. treatments, there are more available treatments. doctors know how to treat this virus more effectively now so more people come out of intensive care units alive. texas is a state that is struggling for example. surpassing a million cases and hospital surges there. one example where less lockdown could have actually hastened the spread of the virus but then i point here in new york city which is still pretty shut down and the coronavirus transmission rate is more than 3% this week
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for the first time since may. so people are concerned about that. you look at the hospitalization chart though, that governor cuomo tweeted and you see such a massive drop from when the virus peaked early on. that is differents you a different sense of first wave, second wave. part of this debate of course is, are the lockdowns the reason we're seeing more spread or the lack thereof? you could argue that it's a tale of two cases there, and maybe not necessarily so. neil: jackie, thank you very, very much for that. keeping up with this virus vaccine that looks very, very promising out of pfizer and biontech, right now we're learning that the european union agrees to buy up to 300 million doses of this vaccine as soon as it is made readily available. this follows on the twin companies plans to try to get out upwards of 1.3 billion doses by the end of next year. pretty much for anyone who wants it. even if might not satisfy total
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demand t could run into the billions of players here. there is a caveat with all of this in the excitement around this. what if the drug is merely delayed or pushed back a little bit, forget weeks, maybe months? it happened before in prior pandemics. the implications according to goldman sachs for the markets alone would be at least a 10% drop. dan yield dimartino booth on that. danielle, do you buy that, we are so tied, the market is so tied to a vaccine that any disappointment, even a delay will send them careening, what do you think? >> well i think it is entirely feasible, neil. if you look in the midwestern section of the united states right now you see, actually this is also goldman data, you see the lowest mobility rates. these are not state has are shut down in any shape or form. you're talking about people choosing not to venture out, choosing to consume less. that type of behavior has the potential, neil to put athe
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economy back into contraction in this critical fourth quarter that includes the holiday shopping season. so if we start to see the manifestation of, concerns that we're going to have a delay in the vaccine. as you said, entirely possible, and we continue to see case counts rising as we are with temperatures dropping, there is a very good case, a very strong case to be made for the market getting ahead of itself in the aftermath of this great vaccine news. neil: what do you think what is happening with bonds, interest rates backing up? what do you, what is the bond market telling us? >> well the bond market is telling you theoretically because of the virus that we're going to see, we're not going to see 2021 be a slow year. that we made see one or two quarters more of slow growth. then we'll explode out of gates. that is what the bond market is communicating to you, much more
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so what it was communicating prior to the election was the threat of a blue wave. we have the opposite of that on our hands now. nancy pelosi is looking to have the slimmest margin in the house of representatives given the republicans have already taken five seats and look to take seven to nine more and the senate looks to stay in republican hands. the market is broadcasting acceleration after economic activity, on goldman's report, on goldman's comments you could see a slide back in yields again, if we see more evidence the economy will continue to slow into the holidays. neil: talk about the senate. unlikely though it seems, the worst case most republicans are look negotiate georgia runoff elections if we even have one for senator purdue's seat, might in the recount get just over 50% to avoid a runoff but that, even, if they were to split, republicans would remain in the
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control of the senate. the only scenario that worries men both incumbent senators go down to defeat is anyone's guess. the senate would be back under democratic control. that could change a lot of things. play that out, unlikely though it might be? >> unlikely as it is, remember, neil, remember why the house has the slimmest majority going into this next congress and that is because in many ways the congress has been shifted by running on a platform of the anti, this is referendum against socialism. but as, as small as the odds are, neil, what you would get concerned about would be rising taxes. i think that would be first and foremost and then runaway fiscal spending. but again, it is going, it is not going to be as easy as it would an seem based on a small shift in the senate because the house is more handicapped than it has been in the last four years. i think that is the one thing that mainstream media is missing in the calculus here.
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that is that pelosi will have a hard time holding her party together, getting legislation through in addition to the fact that outside after very slim chance, the republicans are going to retain the senate. neil: all right. we'll watch it closely. danielle dimartino booth, very good catching up. thank you again. we told but the airlines. they're excited to see you getting back in their planes. resorts are reopening including the bahamas which is seeing a vast wide scale reopening. the things they're doing to entice you. the guy who runs bahama properties on that, after this. ♪
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getting final count is anyone's guess. now that they have the three electoral votes in alaska goes to the president, that puts him up to 217 electoral votes. dan sullivan, in a close re-election win for senate. so that will put the pressure now on these two remaining runoff, likely runoff races in georgia that democrats would have to take both of them to reclaim the senate. that will be an uphill battle to put it mildly. georgia, north carolina, i might point out have not yet been called. even though arizona, pennsylvania, michigan already have, the trump campaign is protesting those states being called for joe biden. but he does pick up three electoral votes in alaska. we'll keep you posted on other developments including a senate seat stays in republican hands in alaska. putting pressure on the two remaining senate seats that will be part of a runoff. at least one of them will. the perdue race could be decided in a recount that puts him over
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in 50% so it doesn't have to go there. but now they're looking at a january 5th runoff. meantime people looking past the election towards the holiday and travel, that sort the thing. kristina partsinevelos on hurd dells they're encountering along the way. hey, kristina. reporter: neil, it has been eight long months since the first pandemic lockdown happened. if you're like me you're itching to travel but you're just unsure, what is safe? hotels or airbnbs like this one in new jersey? let's start with hotels. they have picked up the cleaning process. they have stickers on the door to make sure they're clean. a new cdc report says hotels are riskier than vacation rentals like airbnb. there are strangers you pass in common areas. hotel rooms don't allow you to open the window. hotel occupancy hovering a little bit below 38% with luxury hotels being hit the hardest.
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new york city, the worst performing city when it comes to hotel occupancy rates as well. it has instopped people from traveling. roughly 56% of americans plan to travel over thanksgiving. that is according to trip advisor. i spoke to the host of this airbnb, how her business is doing. listen in. >> people have been scared to travel but we're seeing a little bit of an up surge now we're starting to open things up a little bit. we're starting to get bookings in december people coming to visit family and friends. some people, we got really awesome booking the other day for a family coming in from puerto rico have never been to the city. reporter: she is even taken up a notch to do the thermometer check when we walked in. airbnb set to ipo next week. delayed. 60% of americans are booking homes closer to their home, which means that it will be all about domestic travel. right now according to trip advisor, the most popular state
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to book right now is arizona. so the important thing though if you're watching one, need a little bit of buffer time, two, possibly get cancellation insurance because there are so many spikes in covid cases. for example, vermont has asked anybody coming out-of-state to quarantine. you have all the different rules. the important thing is to stay safe. for me to get back to the game i'm playing which is super mario brothers. neil? neil: you don't strike me, don't strike me as a game person, kristina. i can see reading a book. reporter: clearly not. i put it all the way over there. neil: i will play along. kristina. that was great. go ahead. reporter: see i'm jumping. took me, to ask the child upstairs to teach me. i forget how to play. don't tell anyone. neil: you need to talk to a teenager. i will send my boys over to you. kristina. thank you very much.
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graham davis the baja mar, what is interesting, the destination, prior to the pandemic a very popular one. now reopening, trying to beckon back, that might prove to be a tough climb. good to have you, graham. what kind of reaction are you getting, what kind of plans are you making to get people back? >> neil, thank you very much for the opportunity. we're very excited to be opening up on december 1th to international arrivals. the government the on the bahamas is certainly on the right path here with covid cases very low. the government has a requirement for arriving international passengers to have a negative pcr test within five days of travel. we have a health visa program which includes insurance to assist travelers coming into the bahamas. so it is an excellent program. the government is doing a terrific job on handling covid
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and certainly opening up the tourism economy here in the bahamas. we ourselves are also to insure added protection and safety for our guests which is the utmost importance. we are requiring, have a a complimentary rapid test for all our guests arriving on party. all our associates go through weekly testing. we have stringent cleaning, sanitizing practices. we're only allowing 60% occupancy. no local guest coming into the property. so it is really a very safe experience. and with the enormous outdoor spaces that we have, dining venues, with the el fresco dining, outdoor beach, pools, tremendous amount of space we have with lower occupancy, it's a fantastic way to socially distance around the resort to
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have a exceptional experience. our casino, 100,000 square feet is fully open on december 17th. superb restaurants, deeping, kids programing. we have some exciting amenities ready to offer for our guests coming up here on december 1th. neil: you know, graham, you're doing everything right and doing everything possible to entice people back. as you know in the united states, there are some states that have restrictions. new jersey, for example, where i live, it has 45 states and other localities on a quarantine watch list. you go over there you have to shelter, quarantine yourself for minimum of 14 days upon return even if they let you go. i'm exaggerating, the point here to show you can be doing everything to entice people but the states from which they're coming from, at least in this country seem to be doing everything they can to ruin your vacation plans. so how do you counter that? >> that is a great point, neil. what we're also offering to all
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of our guests prior to departure, we have a negative pcr test available that you can take here through our doctor's hospital, take within 24 hours of departure, have the results within four hours of taking the test. this will allow you to eliminate some of the quarantine timing back in states like new york. not certain on the new jersey requirement. but we have this testing you can take it in your room, have your results within four hours to have a negative test which is acceptable by the states in the u.s. so this certainly does help on the return as well. we look forward to seeing cases going down in the u.s. but with the safety of air travel today and certainly safety practices we have in place for, we're excited. we're certainly seeing demand start to increase here for december and ready for people to start booking their winter
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vacations here in the bahamas. we have -- neil: they're definitely itching for it, grame. i know your facility very well. deservedly so. best of luck on this depends on more than your beautiful locale. people eager to break out and enjoy themselves. we'll see what happens. graham davis, baja mar in the bahamas. that is stunningly beautiful resort. for people getting cabin weary there are alternatives. we have the dow up about 74 states. we're looking at various states where counts are going on, even recounts, hand recount are being advised. the latest on state and the battle for the u.s. senate as well after this. ♪ you can go to libertymutual.com to customizes your car insurance so you only pay for what you need? really? i didn't-- aah! ok. i'm on vibrate. aaah!
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neil: we told you earlier in the broadcast georgia is looking via an order from the secretary of state there to do a hand recount of all ballots in the peach state. of two the camps, biden camp divided by 14,000 votes. we'll see how that goes. meanwhile in pennsylvania they're still trying to find some sort of agreement how to count all still remaining uncounting, and indeed undated ballots. that is proving a whole lot easier said than done. eric shawn who has done a marvelous job of keeping track of this join us from philadelphia. eric, what is the latest issue sheer? the undated ones? reporter: thank you for that, neil, undated ones in allegheny county, 2000. officials in allegheny county, decided they will count 2000 arrive without dates but not count 2000 so-called naked ballots. those are the ballots they send in without the secrecy envelope they have. in philadelphia the big issue has to do with allegations
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people see on social media. officials are pushing back against that hard. they say there is no evidence that there are any evidence. they have looked back at claims that dead people are voting in philadelphia. they debunked that. that no dead people are being counted in philadelphia. that no illegal votes are being counted. they say don't rely on the internet and social media. that is full of falsehoods and lies. look at counting room familiar now with the pennsylvania convention center in center city, philadelphia. this happens to be veterans day. that is the day for the deadline for military absentee ballots to be counted here. they have 40, 45,600 votes separate mr. biden and president. the officials here have 36,000 votes left to count. 18,000 mail-in ballots, 18,000 provisionals. as the president is attacking the integrity of the top
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republican election official here. city commissioner al schmidt. the president tweeted quote, a guy named al schmidt, philadelphia commissioner, so-called republican rino is being used big time by the fake news media to explain how things were with respect to the election in philadelphia. he refuses to look at a mountain of corruption and dishonesty. we win. mr. schmidt has told me repeatedly the vote count being done here is legal, honest and transparent. it is being done according to the rules and by the book and as i said, they have found no illegal voting here. there is no evidence of a mountain of dishonesty an corruption despite the president's disputed claims and trumps own lawyers admitted in court about the lack of wrongdoing. in one suit in montgomery county just west of philadelphia, they said they have no evidence of voter fraud in the votes they were challenging. experts tell us that voter fraud is indeed rare. >> there is no systemic
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widespread voter fraud. there is certainly going to be glitches. there is certainly going to be incorrect assumptions based on data that people don't have. i think if folks have concerns or of irregularities we need to look into them. we need to figure out what went wrong. we need to figure out how to make it better. reporter: the counting is still continuing believe it or not here at the pennsylvania convention center. they do expect to get through the majority of the ballots tonight. but we may not still have a full accounting today, a week after the election. neil, back to you. neil: just incredible. thank you, eric, very much. eric shawn in philadelphia. just relies on something he calls facts. that is pretty unusual but not for him. we have a lot more coming up including the battle not only in the various count the going on but recounts that could follow from that. then the counts to avoid runoffs. it gets pretty complicated.
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you think they overwhelmingly voted for prospect of higher taxes there is limit to that. californians rejected to let property taxes move up. something that would be costly for most average residents, certainly for small businesses. the fallout rather unusual split read from the golden state, rebecca walser, john layfield, fox news contributor, much, much more. a little odd at first blush, rebecca. we like joe biden what he wants to do with taxes. there are many of us in the 400,000-dollar and over crowd but we're not going crazy here. what do you make of that? >> we like them until we have to start paying more taxes, neil. funny, kamala and joe biden endorsed prop 15. since 1990, california has limit of 2% increase a year on property taxes. prop 15 was trying to reassess businesses every three years. but these businesses have not
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been assessed since 1978. it was projected to generate over $12 billion of revenue. people that voted for joe biden said, no, thank you on taxes. neil: you know it is interesting too, because i'm sure this went beyond just the politics of it, john. it looked at all the people who have been leaving california for lower tax confines whether it is texas or florida. so maybe they realized that look, if everybody leaves, ourselves included, there is no tax base here but what do you think is going on there? >> i think that it's a big part of it. you look what is going on in california compared to texas which has no state income tax. texas is running surplus. they have the advantage of having shale ol' fields in west texas and wind power fields in west texas as well. you have fully funded police. fully funded schools. fully funded cities in texas. pay no state income tax. or you go to california where you pay a significant state an local took and don't have fully
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funded all of that. it snowballs to both sides. i think what you said earlier is 100% correct. look at san diego county. 23% voted more, soon to be president biden over president trump. 13% though voted not to raise taxes. exactly what vice president biden, president-elect biden now is saying he is going to do. this is repudiation of the policies and saying we want a different person in the white house. neil: yeah. if you think about it, gains republicans made in the house, likelihood they hold on to the senate, might be something of what you say there, john. if i could step back, guys, look at the markets right now, this is the third day in a row we've been buoyed by the prospect of a vaccine out of pfizer. that is one. there are a host of others out there. i'm wondering how long and how far it can carry the markets, especially if others pop along, especially goldman and others raise the possibility of any delay in such a vaccine will not
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be greeted favorably by the markets. what do you think of that, rebecca? it doesn't mean deny. they are talking about the idea of getting delayed. what do you think? >> it freaks me out, neil. i will be blunt. this is scary stuff here. i was, pfizer was so elated to see, i was so elated to see, mark was happy to see we have a u.s.-based, you know, not russian, a u.s. real vaccine. then i heard so many of the people that are named to biden's potential future coronavirus task force talking about these really backward looking, mundane, terrible economic, you know, thinking of shutting down again. you know, all of these things, wait a minute. have you not read research? do you not know all things going on around the world? we have all the nations that have done all these different ways of handling coronavirus. we can look see who did it
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right. whose economy least impacted most people are healthy. you're telling us we'll not get back to normal another year-and-a-half where another vaccine can be out in april? what dr. fauci said. the economy has to get back to some level of normal a vaccine will help us do that. i don't want to hear anybody saying two years or anything. that is unacceptable. that is unacceptable in the united states of america in 2020. unacceptable. neil: remind me not to mess with you. i think i know where you're coming from. that is a very good point. john, obviously hope springs eternal for other vaccine potentials moderna among them. certainly eli lilly come up with either not outright vaccines, some of the maladies around the vaccine. if it's a green light for biotech going forward, regardless? >> i think it is, yes. because the messenger rna that you have right now with pfizer
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is the same as moderna. they're projectinged to report the 22nd of this month. you have two type of results. you have the interest additional vaccine that is protein based. measles, polio, smallpox, yellow fever you put into the body. this is gene-based. none of these have ever been approved. this will be the first messenger rna vaccine approved. this is must cheaper to produce. you produce in test tubes instead of having to cultivate that virus this completely changes the medical landscape. it is really good for our country. moderna will be second. be very close after pfizer. neil: nice to hear on all fronts. guys, thank you both. i got a straight read from the two of you. i love having you on. meantime, what happened at corner of wall and broad, still advancing third day in a row largely on the vaccine hopes after this there aren't many unexplored places left in gold-rich nevada.
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corvus gold, gold rediscovered. neil: all right. it has only been a week since the general election. we're finally able to call the state of alaska, two crucial races there, for the president. he gets all three electoral votes as a result, moves his electoral vote total from 214 to 217. then there is that senate race, dan sullivan, the republican,
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gets re-elected so he keeps the seat in the republican column. that put added pressure on democrats in that twin race we have going on in georgia. they must pick up both of them. it's not enough to pick up one. they've got to get both of them right now because republicans have secured at least 50 seats in the new senate so they just win one of them, doesn't matter. game and set and match. meanwhile, sighting of the president of the united states today. first time really since all of this was going down a week ago. blake burman at the white house with more. hey, blake. reporter: hi, neil. certainly unusual as this is the first time we have seen president trump in nearly a week. the first time since last thursday. of course we saw him across the river in virginia today, himself and the first lady over at arlington national cemetery as they do each and every year, going there on this veterans day. as far as the president's still ongoing presidential campaign, the campaign today filed a
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lawsuit in the state of michigan but the campaign is also turning its attention to the state of georgia as a hand recount is going to be taking place there in the peach state. that announced today by the secretary of state in georgia. congressman doug collins is the lead for the legal efforts in georgia for the president and he touted that decision on a call with reporters earlier this afternoon. listen. >> we have to understand this is about really the first step. this is making sure that every legal vote is counted and every illegal vote is not counted. it allows us to see the integrity of the process and it allows the people on both sides of this, whether it be for president trump, joe biden or anyone else, to say the election process has been carried out in a thorough way. reporter: president trump's campaign is holding out some hope there but neil, as you look at the numbers, president-elect biden has won that state by more than 14,000 votes, so when you talk about a hand recount and what might potentially change
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there, it wouldn't necessarily need to be dozens or in the case of florida, 2000, where the margin was 500 or 600 votes right there. you are talking about more than 10,000 currently at this moment, some 14,000 plus votes. neil? neil: are they convinced that in a hand count, you know, leaving aside charges of impropriety and fraudulent voting or simple mistake, that they can make up that difference? it doesn't seem like a lot of votes to make up, but what are they saying about how likely that would be? reporter: the pool of votes in the state of georgia is just about five million, i think 2,000 shy of five million at last check. that is a lot under any measure that you look at. you can see there, just about 4.9 and change. so it is a lot. again, we are talking about 14,000 here, like we heard from scott walker in a different state, wisconsin, when they went
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to recounts there in recent years, it was 130 and 300 votes. florida 2000, you know, 500 votes or so. we are not really in the same ballpark this go-round. but it's going to be a hand recount in that state, that's for sure. neil: great reporting, blake burman at the white house. let's go to the arizona attorney general. the president was not keen on fox and others calling his state for joe biden on election night and indeed, in the counting process, they could narrow -- it could flip, but who would know better than the attorney general. sir, thank you for joining us. the administration, though, did deny the trump team's request to seal evidence of a lawsuit over i believe votes in maricopa county. where does this all stand right now, sir? >> the really short answer to this is that on election night,
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if you looked at the numbers and a lot of people that are really good at politics and polling here had said it was possible for the president to come back. as the numbers started returning, the president started making some gains but the reality is right now, there is, you know, less than 50,000 votes to count and the president would have to get about 65% of them to win arizona. so it does appear that joe biden will win arizona. that being said, we -- our office received more than 1,000 complaints shortly after the election dealing with people using sharpies. we looked into that and were able to determine that did not affect anyone's vote. they also did a random audit of 2% of the precincts and they came back 100%, there weren't any statistical anomalies or errors. as to the lawsuit that was filed, we are literally talking about less than 200 votes that are in question or doubt. so the reality is, even if it was possible that those votes flipped, those 200 votes, i do not think it will make a difference in arizona just
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because of the numbers. neil: you are a republican and a brave man saying that, attorney general, but you know what's happened and the criticism that the republican secretary of state has, you know, has been greeted with in georgia. he was not optimistic it would switch. i'm wondering, have you heard from any trump campaign officials about the view you just expressed here? >> this is the reality, neil. i was a prosecutor. i had never run for office before i became attorney general so i'm used to dealing in facts and evidence, and the irony was right after the election, we received those more than 1,000 complaints and the sharpies, i sent a letter to the republican county officials asking them to address concerns. immediately, you had the far left and liberal media and other people attacking me, saying i was, you know, whatever contesting the results and i wasn't. it was a very measured letter. within 24 hours once we got all the facts and evidence, i was assured there wasn't any
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problems. we issued another letter saying we talked to the county officials, we dealt with the county attorney who is republican, we were satisfied that there was no issue regarding the sharpies. then immediately, you had those same people attacking me 24 hours earlier saying see, the republican a.g. said there's nothing to do. my point is this, neil. we need to deal in facts and evidence. if there is a problem or you think there's a potential problem, the answer is you don't wait until it's done to file a lawsuit. if you have problems with people on the voter rolls, you know, other issues, you need to address those problems prospectively instead of reactively. i can only control what i can control and quite frankly, i'm not in this job to win friends or whatever you want to call it. i'm in this job to do right by the people of arizona and to make sure the law is followed. there was a time not that long ago we as republicans talked about we need to make sure the rule of law means something. we don't wantanarchy. we want the rule of law. to me that's consistency and certainty in the application of the law.
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we know what the rules are and the rules stay the same and they reply to everyone regardless of how wealthy or poor you are, where you come from, what neighborhood you live in. neil: believe me, i admire your nerves of steel and backbone to match. i just wish you well on this because a lot of people are not going to digest this very nicely. but i am curious to repeat what you said at the outset, sir, whatever anomalies happened in arizona, they are not going to be enough to change the outcome, the relatively close outcome of a biden win in the state of arizona. >> yes. based on that lawsuit and the ballots are being contested and based on what we know happened in the past, there is no evidence, there are no facts that would lead anyone to believe the election results will change. once again, just to be very clear, it is mathematically possible the president could win 65% of the votes, so he could, but i'm just saying if you talk to political people, pollsters,
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mathematicians, statisticians, they will say based on the trend line, that's not likely to happen. very very highly unlikely to happen. but more importantly, if people have evidence or facts, there's some impropriety, they need to tell us. let me say this in closing. i can be on as long as you want. but in arizona, there was a prediction the legislature would flip. it didn't. there was some congressional districts that supposedly in democrat, they didn't flip. the county recorder here, oversees elections, went from democrat to republican. the county attorney remained republican. so if indeed there was some great conspiracy, it apparently didn't work since the county election official who was democrat lost and other republicans won. what really happened, it came down to people split their ticket. people voted for republican down ballot but didn't vote for president trump, martha mcsally. so that's the reality. just because that happened, it doesn't mean it's fraud. now, people may be disappointed and i think there are things that we as republicans when it comes to the rule of law, when
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it comes to trying to fight back against crony capitalism and focusing on free market and entrepreneurs, those are messages that win and i think the people didn't vote for biden, they just didn't like some people's styles. neil: interesting. you're your own man, attorney general. thank you very very much for joining us. i appreciate that. just sharing the facts. we do appreciate that. >> happy veterans day. peace, bro. neil: i appreciate that. to all the veterans out there, our thanks and our prayers as well. thank you, attorney general. to chad pergram right now on these developments here. little bit different when we step back and look at the battle for control of the u.s. senate. but we are back now to those georgia races. forget the possibility that the perdue race might not come to a recount at all or runoff at all, but leaving that aside, they have to win both, don't they? democrats must take both now.
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reporter: that's right. this is why it's so paramount, those two runoffs in georgia on the 5th of january. this is why both parties are putting all their resources into those two contests. if democrats were to flip both, you would get a 50/50 senate. that is a management problem according to don ritchie, the former senate historian. >> under any circumstances, it's hard to maneuver at 50%. with a tied senate, it's practically impossible. reporter: the senate's tied three times before. in 1881, in the mid '50s and two decades ago but it's not a rule that the party of the president controls the senate just because the vice president breaks ties. in 2001, democratic leader tom daschle and gop leader trent lott forged a power sharing agreement. >> i was fortunate because i had tom daschle to deal with. we had a good relationship, we were friends. i trusted him. he and i met off and on over a two-week period working out an agreement of how we would
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proceed. reporter: we have a pretty toxic climate now on capitol hill. it's hard to see how the current majority leader mitch mcconnell could work out a similar arrangement with chuck schumer, the democratic leader. they really don't get along. also a bit of news here. dan sullivan, republican of alaska, he has won his senate seat. that came out this morning. he defeated the independent candidate so they will start on january 3rd, actually 51-48, the reason being that kelly loeffler's term continues as she is fulfilling an unexpired term, and david perdue, the republican senator from georgia, he would be out at least for a couple of days at a minimum. neil: chad pergram, thank you very very much. chad following all of that more closely than anyone i know. again, in the senate, unless these two georgia seats flip completely, republicans will language on hang on to control of the united states senate. the only issue is the margin. to a democratic strategist and
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independent women's forum heritage foundation senior writer. it's hard to see the variable in which donald trump could pull this out and lay claim to the white house for another four years, but looking at it, i guess he could run the table on these other states, claw back arizona, that looks unlikely, just listening to the attorney general, but your thoughts? >> look, the presidential race is not over until it's over. yes, president trump has an uphill battle in that regard but nobody's caused any harm by allowing these legal challenges to follow through to ensure that all americans, despite who they voted for, can have confidence that we do have integrity in our election system. for this georgia senate race, it is crucial for republicans to win. you know, if they hold the
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senate, they will not only be able to block some of the more radical policy proposals by the democrats, they will also be able to sort of hold joe biden's feet to the fire when he says he's going to be a president for all americans. that means he has to represent republicans, the millions who voted for president trump and sort of having the senate controlled by republicans will enable him to kind of fend off the threats that he will face from the aoc wing of the democrat party. neil: yeah. there's something to what you say. kr kristen, you know the president-elect far better than i. i'm curious of the talk you have made from even a number of prominent democrats like yourself who say in his heart of hearts, joe biden would likely prefer the senate under republican control so as not, you know, to be swayed by the super progressives or the like, to work more in the senatorial
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let's make a deal fashion that he kind of grew up in in washington. what do you make of that? >> yeah. i think governing, he's got a huge challenge ahead of him. first of all, he's going to be the next president of the united states. he's getting ready to do that. you've got what's going to be a very narrowly controlled democratic majority in the house, which that's going to be difficult in and of itself. and with the senate, you've got a leader in mitch mcconnell who is a legislator. he and biden have worked together before and coming from the senate himself, you know, he's got that experience. the vice president -- i'm sorry, the president-elect knows the challenges he has ahead of him. i, being not always the eternal optimist, but i kind of take what could possibly be an optimistic view here which is that if you've got a narrowly controlled house, you've got a senate even if we manage to win the two seats in georgia, it
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will be very difficult to get anything past the senate with that makeup, but surely with a republican-controlled senate, you are going to have to do things in a bipartisan manner, and the president-elect knows that. so there might be some opportunity here for us to move forward with some of these policies that impact americans in a bipartisan way. that's the only way we are going to have durable policies. you don't have durable policies when you sign things with a pen which presidents on both sides of the aisle have done because things change when the pendulum swings back. i may be crazy here but there might be some opportunity for some bipartisanship after all. neil: you might be right as well. we will watch it very closely. i want to thank you both. i apologize for the truncated time here, guys. but we are following these counts going on in various states. the president has not given up the fight, nor has his campaign, that he could still run the table and steal back arizona
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which they say was prematurely called for joe biden. that's possible. it's not probable. stay with us. hi, i'm dorothy hamill. as i look toward 65, i'm thinking about medicare. i know i want coverage that connects all the different parts of my health care to keep me aging actively. aetna medicare advantage plans offer $0 monthly premiums. with benefits like dental, vision and hearing. and telehealth so you can see a primary care doctor from the comfort of home. keep doing what you love. that's the aetna medicare advantage. call today and we'll send you a $10 visa reward card with no obligation to enroll.
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dramatic developments, it will be joe biden's white house at that point. a lot of foreign leaders aren't wasting a nanosecond calling up the future president to wish him well and see where things go. so far, not the leaders of china and russia, we are told. that could be interesting in and of itself. charlie gasparino is following it very closely because when it comes to china, there's so much at stake, to say nothing of the trade deal, about tiktok, the ban and all that. charlie, what are you hearing? charlie: tiktok, we are going to lose tiktok. no, i don't know that. here's what we do know that's going on behind the scenes. there was intense pressure on the white house from one of tiktok's main competitors, another social short video media app before at the lethe electio. that will be front and center for them to now press the trump administration to essentially ban this thing outright as an
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arm of the chinese government. it's a lot of interesting politics at play. you talk to people at triller, they will say the support of the deal, that's the deal to save it by merging it with oracle, was essentially supported by steve mnuchin. he has less power right now in the lame duck and trump feels unleashed, that he doesn't owe anybody anything now that the le election is over and they are saying they think they can get this thing banned. the deadline for the ban apparently is this thursday, without a court order to extend the cfius order which began, which essentially banned the app in the u.s. on thursday. you need a court order which may happen. barring that, this thing could be banned on thursday and triller is working behind the scenes from what i understand feverishly to get this thing banned, to tell people they believe are like-minded people
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that tiktok, because of its connections with the chinese, it's owned by a chinese company, the chinese, most chinese companies answer directly to beijing on many, many issues, even though there are u.s. investors here, general atlantic and sequoia, they think they have a good chance to influence people like peter navarro, maybe wilbur ross, maybe even attorney general barr because he spoke up against this deal, and maybe even mike pompeo. they think they have willing -- they have open ears among those folks to get this thing banned. again, there's no decision yet. we should know very soon. it's wednesday. the ban goes into effect tomorrow. barring -- again, neil, barring a court order that extends the cfius ruling. that's the committee on foreign investments in the u.s. which rules over this. it's part of the treasury department. without that extension, the ban does go into effect tomorrow. and pushing it along, is triller. i will say this. triller's a smaller competitor.
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it's not the size and scope of tiktok. but i will tell you their lobbying effort last time and it was largely before the election, once the election started heating up, you know, people were focused on one thing and one thing only, november 3rd, but before that, they sowed a lot of doubt in trump administration officials' minds about tiktok and this oracle deal that involves sequoia and general atlantic and whether it's really a deal because when it really comes down to it, oracle's not buying tiktok. there's some strategic alliance going on here and it still will be controlled by the chinese, who still control the app and everybody thinks the chinese are using that app to spy on american citizens. i don't know if i agree with that. my 12-year-old niece posts short videos of dances on it. not quite sure what chinese spies get out of that. but be that as it may, that's what the trump administration believes.
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back to you. neil: as if you don't have any dance videos of your own on tiktok. you are all in disguise. charlie: ought to see me break dance. neil: i know you can cook. thank you, buddy, very much. great reporting as usual. he's the best. there's everybody else and then there's charlie. in the meantime, we are focusing on texas right now. not politics. i'm talking coronavirus cases. they hit a very disturbing milestone today. after this. ok, just keep coloring there...
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find a stock basedtech. on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. neil: all right. the virus has been messing with texas. coronavirus cases now over one million in the lone star state. casey steagall has more from dallas. hey, casey. reporter: hey, neil. yeah, according to the data, texas the first state to surpass one million confirmed cases, more than 10,800 were just
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logged in the last 24 hours. we haven't seen numbers like that in a long, long time. 94 deaths in the last 24 hours, which now brings the total death toll to 18,900 some odd texans who have died from coronavirus since this all began, and boy, it is a dire situation on the ground down in the city of el paso and county of el paso, texas. in fact, so dire, ten mobile refrigerated morgue trucks have had to be moved in to store the dead. four going directly to area funeral homes because they, too, are running out of space. across the whole country, at least 12 states now reporting all-time record numbers of hospitalizations, more than doubling since september. now nearly 62,000 americans in the hospital nationwide fighting
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coronavirus. >> i can say it's a little more rough for me here than it's been for me in new york. i have seen more deaths in three weeks than i have seen in a year. more people in the last three weeks than i have in a year. reporter: wow. meantime, the call for mask usage grows. hard-hit places like iowa, minnesota among others, where governors now issuing some form of mandatory mask order. we are also seeing bleak numbers in terms of not just new cases but also hospitalizations and fatalities linked to covid from places like north dakota, missouri and wisconsin. it's very widespread as opposed to just the sun belt when we were talking about these surges so much over the summer. neil: all right. thank you, my friend, very very much. casey steagall in dallas following all of that. meanwhile, closer to the new york metropolitan area, like new york itself, new york city, we
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are getting word right now that mayor bill deblasio is looking at further restrictions in the big apple on dining and a host of other business-related activities here because of spikes in cases there. kellyjane torrance with us now, "new york post" editorial board member. great writer, great thinker. i don't know whether some of these proposed restrictions he's looking at are gibing with what governor cuomo wants to see. they are often not on the same page. but what are you hearing? >> i think they have both been hinting at more restrictions and that's really concerning. in new york, we have double the unemployment rate of the national average. we have been hit harder than anywhere else. we have seen more restrictions than anywhere else. bill deblasio on monday had said we should re-evaluate indoor dining immediately. there hasn't been a single case of the coronavirus that anyone in the mayor's office could
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point to that came from indoor dining. the rest of the state has had since july 50% capacity of indoor dining and there's been no ill effect. new york city only got 25% on october 1st. again, we haven't seen that any of these spike in cases has to do with indoor dining. so it's worrisome that bill deblasio wants to get rid of it when that industry is really one of the hardest hit. you know, governor cuomo said that he would revisit that decision on 25% on november 1st. restaurants were expecting it would go up to 50% on november 1st. he hasn't made that promise update. he hasn't said a word, actually, about it since. every restaurant owner and server i have been talking to, they are worried about survival. they can't survive on 25% indoor dining, especially now that it's getting colder and people are really less likely to want to dine outdoors. neil: you know what's weird
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about it all is they always go back to indoor dining where they want to close restaurants down at 10:00, as they are doing in new jersey, so that they're not hanging around in crowds, cut off bars and liquor service, but that has not been the source to your earlier point for these spikes in cases, so why can't they go for where the spikes are happening, or do they know? because we know it's not indoor dining. we know it's not restaurants. we know it's not bars. so where is it? >> exactly, neil. you know, here in new york, they said that 80% of the coronavirus cases that they have looked at, they have no idea where they came from. so they really don't know in many ways. you also have people perhaps not willing to say where they think they might have gotten it, of course. but yeah, i think that these politicians often want to look like they are doing something. it's a pandemic. it's hard to control. this is something that the world
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is facing. europe of course, as you know, is also seeing a surge. so they do things like governor phil murphy in new jersey, as you mentioned, closing out restaurants and bars at 10:00 p.m. as if the virus only comes out at night. i guess it's like hall and oates' maneater there. none of the restrictions they have done or are looking at make any sense. i think it's just they want to look like they're doing something. again, i always look at the restaurant industry because it's really the lifeblood of new york city, a group of restaurant owners sued and a judge just declined a request to let them do 50% capacity. they are dying and again, they are responsible for hundreds of thousands of jobs in this city and apparently, only half of those jobs have come back with indoor at 25% and outdoor. again, it's getting cold out there. we actually have had a pretty nice couple weeks recently but it's getting colder, it's
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getting rainy and people just don't want to eat outside. so why stop something that is helping people make a living when there's no evidence that it's spreading the coronavirus. neil: yeah. you hit the nail on the head there. if it was there that these spikes were happening in restaurants, happening in bars, by all means say it as it is, go ahead, but it's not. i just don't know where they get this information. hopefully this is a short-lived sort of finger-pointing wave we go through here. thank you very very much. we told you a little earlier about the firing of the defense secretary of the united states, mark esper, and that he found out via tweet that he had just been canned. the focus is on the guy who is going to be replacing him for what could be a little more than seven weeks or so until the biden administration comes in, assuming that still happens. there is something unique about this acting defense secretary. you might not know about it.
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neil: on this veterans day, remembering those who, you know, did so much for us, many lost their lives looking out after us and protecting this country for us, and there are all types of veterans, too, aren't there and special veterans at that, including a unique corps known as the so-called horse soldiers. they are not archaic relics of the past. for example, the new incoming acting defense secretary, chris miller, is a former horse soldier as is my next guest, scott neill. a horse soldier veteran as well. scott, very good to have you and thank you so much for your
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service, particularly here. you are part of a very very unique club. a lot of people in this day and age say wow, that is unique and we thought that was a whole other century. explain the significance. >> i think, you know, there's only such a small percent of americans that are serving today so the veteran community is small. when you throw on top of that the special operations community and the green berets it gets even smaller where we know each other by name. we know those that have lost and [ inaudible ] but it's also a powerful network as well. neil: i'm sure it is. i always think when i see you and pictures of you and some of your brave colleagues on horses, i always harken back to the days of teddy roosevelt. but this is a modern and significant phenomenon, right? people forget a crucial role still in our defenses.
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>> it is. if you think about it, this is this generation's pearl harbor, right? even though it was 20 years ago, it's still present in our mind. we've got the american response monument at ground zero. we have our own brand called horse soldier and the movie recently came out so it kind of puts this generation and remembers not only about 9/11 but the sacrifices of the soldiers that responded to it. neil: it takes on crucial significance for you. your family and everyone else, your colleagues and fellow brave soldiers, men and women over all these years, you know, america tends to be the focus of a lot of attack lines and politics of the extremes. our veterans, guys like you, have been looking out through all those extremes and i always like to remind people no matter what, we get through it as a country, we get through unprecedented moments that we think have never been topped or
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never gotten as nasty but it's our history. it's our character. we always get through it. right? >> you know, i would say it's the resiliency of america, right. remember the alamo. remember pearl harbor. d-day. i was just in normandy last year where the world celebrated the 75th anniversary of d-day. as i look, the pandemic started so many months ago and everybody was instantly worried, what does it mean to me, what does it mean to my family, yet here we are, we are still prosperous, still going on with this country's business and i can also say i participated in the first free elections in afghanistan and iraq. this is part of the process. there's nothing tearing us apart but ourselves. neil: we should count our lucky stars for people like you back us up. easy for me the read a prompter. you make it possible for me to
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do anything at all. thank you very very much. again, the incoming acting defense secretary is following the same sort of read here and recognizing that. in the meantime, i do wanto bring your attention to the corner of wall and broad. you might have noticed -- 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?
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service! ♪ stand back, i'm gonna show ya ♪ ♪ how doug and limu roll, ya ♪ ♪ you know you got to live it ♪ ♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ neil: all right. focusing on technology stocks, trying to join the dow in the comeback parade here. the nasdaq itself up very appreciably, about 220 points. apple and a host of others are back in the buying fray a little bit but there is news to each one of them. susan li to take you through some of the noteworthy developments. susan? susan: hey, let's start with amazon. we are talking about the amazon owned ring video doorbell. they are being recalled and not on privacy concerns but fire
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risks. yeah, ring which is a video doorbell, now recalling around 350,000 in the u.s. and 8700 in canada. when installed with the wrong screws, the batteries can overheat and catch fire so there has been 23 reported cases of this with eight people suffering minor burns. so if you bought one of these second generation rings from june to october, return them. they usually cost around a hundred bucks each. meantime, we have billions of dollars spent in china the past 24 hours. the biggest shopping event on the planet called singles day on november 11th each and every year. at last count just a few hours ago, alibaba says they have sold nearly $70 billion worth. that's nearly double what was spent last year and almost ten times amazon prime days over two days, mind you, second biggest china retail site is jd.com. they say they have sold over $30 billion so far. there's a lot of pent-up chinese consumer demand for overseas labels.
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covid has meant less travel outside of china so people are buying adidas, apple, loreal, nike, lancome doing well. what about ensuring your thanksgiving dinner in case anything goes wrong? well, whole foods is now teaming up with progressive so now you can. it's called a turkey protection plan. turkey assurance available to consumers and customers when they purchase a whole foods turkey and in order to redeem this insurance, you have to provide your receipt, a picture of the bad turkey and an explanation as to what went wrong. if you do get approved, you get a $35 gift card back and i have to say i'm not the best in the kitchen and usually yes, it's overdone, undercooked or i hate to say this, sometimes burnt. neil: what if thanksgiving day is ruined? will they turn it around that day so you can get another crack at it? turkeys take a while to cook. susan: that's true. no, i think you just get $35 on
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a gift card back so you can dry your tears with that somehow. neil: yeah. maybe get a reservation at a restaurant if all else fails. susan, great job as always. susan li on all of that. scott martin, of course, he never cooks himself. he has a s.w.a.t. team of people handling these little details. >> i know better. neil: you know better. i hear you, my friend. let's take a little look at technology. it's feast or famine with tech stocks. you reminded me of that over the years. they don't just move a little, they move a lot, and i'm wondering what's to believe, the comeback today, not that it's a pronounced comeback but certainly better than where we were, but what is it with these issues and it may be in a post-pandemic world. i know they were first getting hit on the notion that they were certainly very good defensive plays, people were cooped up at home, they were buying a lot online, they were using a lot of technology, i get it. now the feeling seems to be there's less need of that and maybe less of a justification
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for the rich price tags attached to these guys. where are you on this? >> monday, it looked like that stay-at-home tech was dead, to use a word once the vaccine came out. you're right, tech is very bifurcated meaning there's this safer tech, the amazons, adobe, google and microsoft. an area that we are calling more spec tech, maybe millenial tech is better put and that's data dog, snowflake, fastly, these are companies worth billions of dollars if you look it up at home, sports fans. those are tech companies i still believe have some viability. but ones that have pulled back considerably, too, as we got the vaccine out there. so when you look at how tech is going to behave going forward, we are still allocated to it but realizing there's going to be a lot of volatility to come and as the companies i mentioned there that are more humorous in nature as far as their names, you can still buy those.
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we are still allocating to those. but you have to be ready for bigger draw-downs as you mentioned, 20% to 25% to get the upside versus where you have more safety i believe in the amazons, googles, microsofts and adobes of the world. neil: you know, lot of people have been harkening saying now it's time for the dumb guys, the energy issues, the banking issues, those that have not really been participating in the party as much. they extend that to small cap issues and the like. these are the rodney dang dangerfields take are getting the respect. where are you on that? >> years of no respect for the financials. that's a funny thing about the stock market, i think, being in this business of investment advisory, is that every year, it seems like there's some analyst or some firm or some expert calling for the resurgence of financials to finally come. all they have done is disappoint. we like financials here and really, for one reason. not so much they think financials are that great and
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the business is that awesome going forward. but as you know, as well as i do, when we buy something in life, certainly when you buy something in stocks, i don't think it's so much about the company these days, but the price you pay for it. so when it comes to things like jpmorgan which we own, we own citigroup, coming into this week and last week, these companies were very very cheap. they were very very appropriately valued in our opinion so paying the prices we paid for them over the past couple months has been really attractive and it's starting to pay off. neil: real quickly, i have been asking all our guests about this, it's down to those two senate races in georgia. the democrats would have to take both of them to, you know, have control of the senate. that seems unlikely but things could change. but your thoughts if that happens? if those seats do go democrat, then what? >> big market selloff. perdue looks pretty safe and i think it's baked in. something we talked about pre-election, remember that a
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biden win was kind of already baked into the cake when it comes to the election as far as what we are going to see on november 3rd but with respect to the senate, that is baked in as well, staying divided government. anything that changes goes more to the democrats and we get a democratic blue wave as is said, that could be disastrous for the market going into 2021. neil: all right, my friend. thank you very much. good catching up with you, scott martin. a fine mind even though a young mind on these things. way ahead of the curve. thank you. a lot more coming up here. we are looking obviously at a lot of the issues that are sort of getting their feet here in this market, regardless of how the election and some of these battleground races ultimately finish. stay with us. turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists.
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♪. neil: boy you would never know we are over the hurricane and tropical storm season. supposed to cut off at november 1, right? that is not happening. tropical storm eta is in on southwest florida. she hit mexico, she, freak alphabet. i don't think any again err assigned to them. hit out of mexico. came out of that. refired up in the gulf. now in southwest side of florida, gunning for that. in case you're counting here, we have had over two dozen named storms that we exhausted our own alphabet. went into the greek alphabet. there are a couple churning off
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the atlantic coast that are near tropical depressions for the time-being. this record-setting pace. we'll keep eye on it for you. as my friend charles payne joins us to take you through another very eventful hour. thank you, charles. charles: thank you very much, neil. i am charles payne, this is "making money." upward bias is here. the rally is largest number of stocks this year but the question does it continue at the expense of tech? we're playing a new obama today, folks. woodshed or out house, where you need your portfolio exposure and where you should avoid it. just as the u.s. hit a record number of coronavirus hospitalizations, passing one million new cases in the past month. we'll look at the second wave versus the first wave. where do we go from here. president trump emerging from the white house to participate in a veterans day ceremony as
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