tv Cavuto Coast to Coast FOX Business November 19, 2020 12:00pm-2:00pm EST
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it is not funny. that is what this is all about. despair in new york at this moment, absolute despair. terrible thing to see. meanwhile, leave you with the market showing the dow down 120 points. not that much stock price movement so far today. let's see what neil's got. sir, it is yours. neil: stuart, thank you very much for that. we're looking at new restrictions not only going on in new york and new york state, we're up to 22 states that are really dialing things back. we'll get into that. getting the latest on astrazeneca. very confident it could have a vaccine out. one really helps older and more vulnerable people who get this covid-19. that and word that johnson & johnson is waiting on the runaway. so that would be four big biotech and drug companies right now that are ready to launch. how far that goes, anyone's guess. get the latest read from jackie deangelis following all of this.
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reporter: neil, good afternoon to you. start with astrazeneca. that is the top headline. it is covid-19 vaccine as you mentioned having a good immune response in older results this is a phase two trial. heefficacy will not be done untl they resume phase three trials you mentioned pfizer around biontech, they will file for their emergency approval with the fda form for the covid-19 that tells us they are on track for the timeline they promised. johnson & johnson ready to have its vaccine ready for approval by february of 2021. like i said, a bunch of different choices here. new york city in a little worse shape. public school system is shutting down as of today. the stiff's public schools are taking a break, excuse me, because the coronavirus test positivity rate of 3% has been at that level for a seven day rolling average. it was reached on wednesday.
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the decision impacts over a million students and their parents and the city is trying to manage these cases and the weight that is placed on the medical facilities. mayor de blasio commented on this a little earlier. listen. >> we will bring our schools back. this is the most important point, we will bring our schools back but we'll have to reset the equation. reporter: [inaudible]. disappointed by this, we're watching l.a. because officials are readying some plans there for a mandatory curfew, for everyone but essential workers and possibly even a three-week lockdown, neil, because of the spike in cases. neil: all right. jackie, thank you very much for that. we'll be watching that. of course as jackie kind of intimated there this tug-of-war between new and promising vaccines, certainly plenty of them and the spike in cases we've seen that have got so bad in michigan they're suing the governor overdoing it. we'll be on top of that. get a read how this is affecting
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the markets, not really dramatically today. we're down about 115 points. keep in mind couple days we were in blitzing records. phil flynn, dani hughes joining us. how are you you think the markets are digesting this? >> we have really good news. the driver behind this move lately has been earnings. particularly with retailers yesterday. you had target earnings. target hitting and all time high today and coming out and killing it as well. so, got some great news on the -- front bringing that positivity. credit spreads were tightening because we saw boeing get approval from the faa on their new airliner. so i think all of that stuff really made investors look forward towards when the vaccine has already you know, hit us all so to speak.
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i think that is positive news for the stock market going into the holidays. neil: phil, how are you playing this, particularly looking at energy? >> i think when you look at energy, neil, that is one of the laggards in the entire sector right now. we think, we get a vaccine in the new year, the second quarter, the oil demand will come back. we could potentially go from a market that looks very oversupplied right now on concerns about the covid vaccine and demand destruction to a market all of sudden becomes very tight. if you look what is going on in the economy, even though we're seeing struggles for like weekly jobless claims were up for the first time in five weeks. we're seeing some pain. but if you flip the corner, you look at for example, the existing home sales today which were explosive, it shows there is real strength in the economy. like dan just said, the expectations own earnings really have come in a lot stronger than
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expected. if we get a vaccine, we could see an economic boom in the new year. for energy that would be very, very bullish in the new year. neil: dani, looking at interest rates, i noticed there was something out again, mortgage rates, 13th time in the past year at record lows. obviously that has been you know, a nice backstop for most americans, save those who save obviously, but, what you do make of that environment? >> yeah. i -- articulated going forward they are going to keep interest rates low at least until next year. so what that means is people want to find a return. where are they finding returns? they're finding returns in the stock market and they're finding returns in real estate. so that is why we're seeing this bum rush toward buying new homes, buying homes and fixing them up, multifamily. that has been a huge part of the real estate market. on the stock market itself, it
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is not just professional investors, institutional investors taking advantage but you have a whole new swath of newfangled day traders are taking advantage of the fact there is a lot of space to make money in the market. neil: all right, guys, i want to thank you both very much, phil flynn, dani hughes. i want to go to joe borelli in new york. one of the things we're following in new york the reimposition of virtual learning. there will be no in-person learning in new york city schools for the foreseeable future. how long that lasts is anybody's guess. what thing that is clear, the mayor around governor are not on the same page on this, that rattles parents even more, including you. >> it should. you heard a very fair question from a good reporter given to governor cuomo, it seems like he just completely unraveled at the thought of getting some pushback
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or questioning of his authority. look, neil, i come on the show, you have me a the looks i appreciate it, usually i'm even keeled but i'm really angry right now because between cuomo panned de blasio, you have two men who live at taxpayer expense in mansions with their families and servants and cooks and securities and they never had to dip into their paycheck, they never had to dip into their savings or max out their credit cards. now they're barking orders at parents like me, like my constituents, like millions of others around new york city and telling them that schools are shut down and their businesses are likely to follow. so this is real moment where i think new york is going to get a very, very, very emotional about going into this next lockdown because unlike the governors and mayors of other cities and states, we didn't see a real genuine and ernest push to reopen new york as quickly as possible f we had, there might be more trust by parents and business owners going forward but that just didn't happen.
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now people are angry. neil: the reason why i always love having you on, joe, and our viewers love it, doesn't matter you're on the left and the right, you speak your mind and you never, ever, ever, gray the issues out. you spell it out whether you like what people are going to think about what you're saying or not. you continue to talking about holding a large thanksgiving. immediately the politically collect, i don't know food police, oh, no, no, you shouldn't be doing that, never mind the hypocrisy of some who can dish it out no pun intended on small gatherings not heed their own words but you're not giving up on that. what was your thinking in making that public? a lot of people are privately doing what you're doing but you went out on a limb, no, this is exactly what i'm doing? >> yeah. some of the blue check marked anchors on other networks i offered to come on their show to face whatever criticism they
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have. my family is 11 people, neil, because of working, and school shutdowns my niece are cycled around my family every day as we need babysitters. the same 11 people in and out of my house every day will not stay home on thanksgiving because it is november 26th, when in my household and in my life every day. i'm not saying we should flaunt the rules for the sake of doing it but the rule has to be more nuanced about your family, how much capacity you have. ironically up until the mayor closes restaurants my same heaven family members could go to restaurant, sit indoors and sit at four separate tables. that would be perfectly all right. people saw the lack of nuance and, and, adjusting to the complexity of people's lives this order dictated and required and that is why you saw sheriffs all over the state, our own police commissioner, even our own mayor, saying there is no way we'll enforce it. a better thing to do would encourage people to cut back on thanksgiving, by the way the
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borelli family actually did. we're not seeing some relatives in long island. if any viewers know about the belt parkway, i will not complain about having to do that but we are cutting back a little bit. neil: nothing nuanced about you or your family, joe. you should take great pride in that. but i am wondering how do you think they will police this sort of thing? in my state that is what they're doing too, recommending 10 or fewer, no more than that. i don't know in neighbors begin snitching on one another if they see a lot ofs cars outside your house. most law enforcement folks i've been chatting we'll not knock on the doors if two turkeys in a oven or people hiding in a closet but how would they enforce something like that? seems ridiculous at face value but is everyone working under the honor system? >> right. that is sort of the problem. when you make a little mockery of a rule you intend to do good with, in this case limiting indoor, people, amount of people
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indoors is not a bad thing when it comes to coronavirus but when you make a rule that is silly and not thought out very well, we don't have the ability, police departments don't have the ability or the authority to burst down your private residence, it actually makes and calls into question all of the other rules that you make, whether or not they are effective or whether or not they are well-thought out. we're seeing that to go back to schools with this 3% margin basing a school shut down on. science is indicating the 3% margin is not really effective or, closing schools is not really effective in broader coronavirus prevention. so you know, it is when we see people start flailing their arms that we realize maybe the leaders we've elected are not exactly the, you know, wise sages we always thought they were. in this case i'm talking about mayor de blasio and governor cuomo. neil: yeah. i know exactly who you are talking about.
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joe, have a great thanksgiving, you have and your wonderful family. >> you too. neil: i appreciate your honesty. you lay it all out there, my friend. joe borelli. you can talk both sides, we're hot on politics on the right or left. how about someone with a backbone and stands for something, risks it, preaches it to the world. this is what i'm going to do and does it. and does it. that is rare supply these days. the cdc saying whether you could have crowds or not, you know what, we prefer you not have thanksgiving at all, you not travel at all. we'll see how that goes after this. i'm greg, i'm 68 years old.
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what? oh, i said... uh, this is my floor. nooo! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪. neil: all right. we are monitoring how the trump campaign is going to, sort of lay out its legal challenges. one of the things we've been finding out in roughly three weeks since the presidential vote in georgia, the secretary of state says when all is said and done joe biden is likely to retain his lead after the recount which should be notarized isn't the word, but essentially audited later today. biden lead in georgia gone down from 14,000 right after the election to a little bit more than 12,781.
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without getting into details. we're monitoring where this legal fight will go. i want to go to tom dupree, former deputy assistant attorney general where the legal battle goes. tom, always good to have you. first of all, when you have the georgia secretary of state, i know he has been a target for the president including the two georgia senatorial republican candidates who want him to step down and he is not, i'm wondering where this process goes? with georgia limited recount going on now, wisconsin, i believe the milwaukee area, milwaukee county area, but is any of this going to, i know you're the legal expert here but i tend to look at math as well and i don't see the numbers there in a significant degree that could alter the outcome as we have it now. what do you think? >> i think that is an accurate assessment, neil. look, the fact is the president faces fairly substantial deficits in number of states he would need to flip in order to
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change the outcome. legally he has two cards he is playing. demanding, he has a right to demand in some of these states, a recount. the other option he has is to litigate. he has filed a bunch of lawsuits. the campaign is pursuing litigation in a number of states but i think the problem the campaign is going to encounter, even if they were to prein some sense, they won a lawsuit here or there, the recount adjusted the vote totals it will not be enough for him to surmount significant deficits he face in any states, multiple states. going through the process. he has the right to request recounts in some of these states. he is exercising his right to litigate in the courts but when you look at the math it is hard to see how he overcomes it. neil: let me go through a couple. these are more stylistic issues, but you're a stylish guy i will ask you. the president doesn't have to like the results. he can claim, look, my own
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personal opinion whole thing was rigged fraudulent, it is what it is, joe biden will be your next president. he is compelled to do anything else? is he compelled to even ride with joe biden from the white house to the capitol? does even have to show up at the capitol on inauguration day? are there any legal requirements even in the constitution that address these issues? >> the constitution doesn't spell out in great detail exactly how the transition proceeds other than the fact that it has to happen january 20th and the new president takes an oath but all of the things you mentioned, neil, the fact that the president, outgoing president typically rides together to the inauguration with his successor, there is a tradition of outgoing president leaving a warm note on the desk of the oval office for his successor. all these are not legal requirements. neil: i forgot about the note thing. this is the fellow would know i guess. >> [inaudible]
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neil: nothing obligates the president, right? i'm sorry. >> we'll see. but to the point all of these requirements are what we would call traditions or norms. they're observed standards of behavior that outgoing presidents have typically followed but as far as whether there is a legal requirement or a judge is going to come in and order the president to ride with biden to the inauguration, ain't going to happen. neil: like herbert hoover, fdr didn't talk to each other in the car. you had to be a long car ride. it won't be that long. >> that may be warm by comparison. >> that will be like hawaii compared to anchorage. let me get your sense about other obligations the president has to get briefings to the incoming president assuming it is indeed to joe biden, task force related matters, a whole host of things including the coronavirus thing, there does the president have a deadline or
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where he must cooperate on that no matter what his views on the election whether it was rigged or not? >> yeah. here there are legal requirements. typically the transition would begin when the head of the general services administration in washington recognizes there is an apparent winner. again it is is not a official determination. but there is an apparent winner. once that determination is made certain things unlock, some doors unlock. meaning that the biden transition team would be given office space. would give them a budget. open the door to the senior meeting officials. the fact that there are not meetings between the incoming president's team and outgoing president team can post serious national security issues, health issues, you want the new team to have the information, so if and when they do take the reins of power they can get the ground running, they are up to speed, they know the information, they know things they will have to act on day one in office. neil: all right. i'm going to switch gears very
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quickly, we're running out of time, but i did want to get your thoughts, tom, demands a number of states have, new jersey included, new york, i believe, want to limit indoor thanksgiving gatherings to 10 people, how do you police that, how do you enforce that? maybe it is the honor system but if families are looking to go significantly over that number, do they have to worry about a police officer tapping on their door? what legally what are the dos and don'ts here? >> i think this is a classic example, neil of a law might be on the books but in practice is all but impossible to enforce. look practically there is no way police departments could enforce the limits going door-to-door on thanksgiving. nor would they want to. i'm confident if they took a poll in the police departments in the united states and ask the beat officers if they wanted to spend thanksgiving day peering in windows, counting guests at table, counting cars in
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driveways, they would say, no way. it is the honor system, it would be people heeding the advice of local officials and conducting themselves in a safe and appropriate fashion. neil: what if a neighbor snitches on you? safe something is going on at your house, boy they're saying the duprees are whipping it up, a lot of cars are outside of tom's house, are the police obligated to check up on that, check up on you, not that you would, tom? >> i would know, we're a very safe and careful on your family. no worries on that front. my guess the police officer, if you thought it was really out of control, with 100 dupree family members, maybe they do a drive-by. if you have 11 people instead of 10 i say they pass on, have a happy thank giving. neil: i would say, we're fine, if you check on tom, i would say, officer, check on the due priest. we'll see what happens. we live in crazy times. i'm not even a lawyer.
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i can even discern that much. tom dupree, former deputy assistant attorney general, good common sense lawyer at that. so what are your obligations to this and what are you going to go do on thanksgiving day and are you in good with your neighbors? these will be relevant questions one week from today. after this. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa lexus has been celebrating driveway moments. here's to one more, the lexus december to remember sales event. lease the 2021 rx 350 for $419 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: well georgia on a lot of politician shuns minds right now, and not just with the on going hand count should be wrapped up fairly soon now, at least certified, close to audited or certified, a gap will probably still favor as things stand right now joe biden but by not as much as before. 12,800 votes versus 14,000 votes. that is not the issue here. more is the issue in the twin senate races there that have both sides all but camping out, even living in the peach state
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until that runoff election on january 5th. let's go to matt finn, who is the latest to sort of park in georgia. matt? reporter: neil, there are some big republican names including arkansas senator tom cotton and vice president mike pence who are coming to the state. there is millions of dollars pouring into georgia over the two critical senate races. happening right now, at any moment we could receive a report from georgia's secretary of state's office detailing the findings of its audit here. joe biden is expected to come out on top. the check with the secretary of state's office shows biden is ahead by 12,781 votes. going into the george gas hand recount, biden led 14,000 votes. the audit revealed multiple ballots were not tallied. they said it was human error. they called for the resignation of one county's election director.
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the president insists that georgia's voting process is weak, pointing towards signature verification but georgia's republican secretary of office said the audit helped the president's numbers. >> they have the right to look out for 73 million americans who supported donald trump. i understand the people who don't necessarily by this at the end. we're doing a hand tally, show the machines counted what the machines counted. that is what the ballots say. reporter: looking ahead to georgia's two critical runoff senate races that will determine the senate's balance of power there are major republican heavy hitters coming to georgia to rally for senators kelly loeffler around david perdue. arkansas senator tom cotton as we mentioned is scheduled to be here today. tomorrow vice president mike pence. neil. neil: thank you, my friend matt finn in at lant with more on that. you want to, herd about republicans everything is attention on the senate but they gain ad lost house seats. they're not in the majority but
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as close as they have been but what is really a small jump of maybe obtaining a majority two years from now. one of those who was the most behind in polls leading up to election day, one had him 20 points behind ended up winning the darn thing, burgess owens. utah congressman-elect, former football player. you surprised a lot folks. you pulled it off. people are saying how did you do that? how did republicans do as well as they did in the house races to dramatically narrow the gap in the house? >> first of all, thank you, neil, appreciate the opportunity. what we did, we highlighted what america stands for. you know we, across the country, you take a look at the win we had, such a diverse group of women, veterans, main north. we had one thing in common. we love our country. we're willing to stand for it very strongly. we were willing to point out the
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adversary, socialism, marxism. this is time for americans to step up on the plate. we might not agree with everything the president has to say, we do believe this, we can't let the country be a socialist country. we seen misery allowed to happen, black communities, urban communities across the country. i'm thankful part of the great team. you don't know them, freshmen, united, focused articulate. we have the greatest country in the history of mankind. we represent for next couple years for sure. neil: burgess, you mentioned the president briefly here. he is still fighting some results in some of the states. the legal teams are outlining what the legal gameplan will be. do you think it is possible that they will switch enough votes to win this thing or should they give up? >> well, you know, i'm looking forward to seeing this whole process come through. i believe part of is not just
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the recount but how the thing was done. when you don't have verification of both parties being present when ballots being counted. we have millions of ballots coming in, sometimes in districts that more than the citizens count itself we have to look at the entire process. i look forward going to the end, fighting to the very end. i think most importantly the american people have a chance to see something has to change. we cannot allow this type of process to continue where we doubt the end results. cannot have that happen. that is not the american way. neil: what if the president still doubts the results, doesn't like the results but he has to accept the results? then what? >> i think what is going to happen, this is what conservatives do, we don't go out and burn buildings and tear down monuments. at things, the end of the day, the game is over, we accept the results. you go out to start building for the next game. that is what we do. it is the way it always has been done. neil: do you think donald trump will do that? do you think donald trump will
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do that burgess? >> i have no doubts that president trump would do the right thing when everything is certified and all the legal process has been exhausted. we have a legal options. we should do it. that is the way the left would do it if they had opportunity to do so. let's see it through. at least we know that part is done with. we can look back to see what happened this time, that so much aberrations were seen after this process. neil: all right. what if he doesn't though? you're quite right, you can exhaust the legal process look, he can tell the american people i still think i won. it is travesty what is going on here. i'm leaving not happy about it. would that be a disappointment to you? >> no. what would be a disappointment is if we let something go that was not fair. i lived in philadelphia for 23 years. i know what it looks like in philadelphia to always have some kind of games being played. it is just the way, nature of those who care for power more
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than anything else. we need a process in place americans believe it is fair, it is done right, our voices count. for 18% of plaque men came out and voted this time, we don't want our voices to be herd heard because of gamesmanship. if he leaves he will continue to give voice to this process to make sure next time around we do not go through where so much again aberrations are being happening across our country, particularly in the blue cities. neil: would you support him if he decides to run again in 2024? >> absolutely. he has done more for the black, community, africans asian-americans hispanics in my lifetime. i'm so excited about the hope he brought to millions of people. at some point in our history, it will be pointed out. it will not be talked about enough, at some point americans find out how well we did, next two years if biden takes oversee
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how misery looks like again. the hope and pursuit of happiness we pursued the last three years. neil: burgess, congratulations again. i was doing a quick search of those, republicans who trailed the most in the polls and won, you're at the top of that list. it was startling, upsetting victory. touche to you. best of luck as you assume power in a very short time. burgess owens, the utah congressman elect, former pro football player. >> appreciate it, neil. neil: whatever. now he is going to the u.s. congress. we'll have more after this. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. adapting. innovating. lsetting the course. but new ways of working demand a new type of network.
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and it significantly helped me lower the amount of interest i was paying. sofi helped me pay off $23,000 of credit card debt. and i just couldn't have done it without them. ♪. neil: all right. it is one much the most elite schools, colleges universities in the world but it has a rather simplistic view of anyone from the trump administration dare entertaining getting jobs in harvard given the fact that the
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biggest crime they committed was working in the trump administration. charlie gasparino on this so-called ban that is more real than you know. charlie. >> blacklisting, story broken by lydia moynihan headlines students are banning inside of harvard, to send around petitions to ban anybody or blacklist anybody that worked from trump from speaking, teaching, attending the university. at least that is what the petitions are suggesting. there is a couple steps before you go something like that happens. you have to get the bans or blacklists approved by the student councils of the various schools. for example, the kennedy school from lydia has reported has voted it down. some of the other schools, art and science schools voted it up. it has to be approved by the administration, namely the
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president of the university. there is a couple steps there. what we've been looking at today, neil, as this thing is fomenting, like i said, it is getting international headlines since lydia first broke it is the economic impact. will there be an economic impact on harvard if they do something stupid like this which is essentially saying that nobody associated with the trump administration can be affiliated with the school in any possible way? the long and short of it is, we've been speaking with lawyers, people familiar with tax law is that if harvard did this, they're asking for a lot of financial trouble. they could lose their tax-exempt status by discriminating against people just because they worked for the administration. it could impact federal funding for harvard over programs because of the overt nature of this. this is blacklisting which, what they did during the mccarthy years. i mean it is pretty serious stuff and, again, the, and the
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ban, and blacklist, if it does get signed into policy by harvard administration, it could impact alumni contributions and endowments. this is pretty serious stuff. we should point out that in these times what happens at harvard often gets copycatted at other schools. lydia is doing some reporting on that that other elite institutions are thinking of similar bans but they would face the same consequences if they went through with this. i never thought i would be reporting a story that said a school like harvard where you would think it is dedicated to free speech and the free transmission of ideas would literally do something out of joe mccarthy's playbook but that's what we're talking about right here. it is pretty serious stuff, neil, if they go through with it, that is a big if, i think in the end they will wisen up,
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they're facing some financial issues. they're really, harvard would then become a political action committee for alexandria ocasio-cortez rather than a not-for-profit university. and that would be a real problem, neil, back to you. neil: you think about it, many on the left are always say on the right they're intolerant, they don't look at competing points of view, that is on steroids. >> that is disgusting if you think about it. it is revolting. like i said i can't believe it is actually happening. we'll keep you apprised. neil: like not inviting you to a party. not inviting charlie gasparino to a party because you don't like him, that's rude. >> when i was a college student at university of missouri i remember there was similar instances like this but for some reason no one ever told me to shut up. i can't understand why. neil: yeah. well i remember not being
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invited to parties, lots of parties but that is a whole separate issue. we can do that at another time, my friend. charlie gasparino, breaking news left and right. we'll keep you up on harvard what they're doing, trying to get out of a hole they apparently dug themselves. meantime we want to let you know what is going on the house. we talked to an incoming republican congressman-elect. he will have to answer speaker pelosi looking that way but nancy pelosi already indicated one and done. i serve a two year term in the next congress. then i step down from wanting a leadership position. how likely is that? after this. ♪
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oh yeah. i think i might get a quote. not again! aah, come on rice. do your thing. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪. neil: all right. we've heard a great deal about president trump not all that eager to see joe biden inaugurated on january 20th but joe biden has plenty of problems among fellow democrats especially those who say he is sounding a little too moderate for their liking and that when it comes to business interests and the like, well he is sounding a little too accommodative. hillary vaughn following all of that. so he is facing pressure on that front, huh? reporter: neil, he is. biden's agency review teams are
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stuffed with some people from silicon valley, silicon valley alumni. people that worked for airbnb, uber, lyft, amazon. the corporations are getting their people into place in a biden administration. this is building up bad blood between biden's transition team and progressives who are not happy on corporations encroaching on the administration. influential progressive campaign change committee tells me this, we want people in the government that will be faithful implementers of ambitious ideas on what he campaigned on, not underminers from within, we think corporate democrats will be likely slow walking his agenda if they get appointed. joe biden has been up front about the darkside of lobbyists donors and cozying up to special interests. in 2007, biden explained why he thinks it is a bad idea. >> lobbyists are not bad people. special interest groups are not bad people but guess what?
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they're corrosive. people who accept money from them aren't bad people but it's human nature. reporter: biden criticized trump team hiring ex-lobbyists to fill rolls in the administration but biden seems to be doing the same. he brought on a former pharma lobbyists as counselor to the president. he has done work for companies like gm, eli lilly, at&t and pfizer in the past. cedric richmond, is being brought on as a senior advisor, progressives say accepted $90,000 from fossil fuel funded pacs including exxon. a biden official tells fox news that they're determined that their administration vets people appropriately to make sure they're representing the people as interests not personal or special interests but progressives will keep the pressure on. there will be a press conference later from congresswoman alexandria ocasio-cortez around other progressive members in
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congress making it clear they don't want to see people with corporate ties end up working in a biden-harris administration. neil? neil: here we go. hillary, great reporting my friend as always. i want to go to mark penn, former clinton campaign strategist, best-selling author. mark, first off the pressure hillary vaughn was alluding to on the part of progress serves very keen on joe biden not having or relying on advice from those who have any ties to the fossil fuel industry. what do you make of that? >> well, i make that the, the biden campaign as a campaign did a brilliant job of keeping the coalition with the left together to get to their objective which was to win the presidency and now it's not surprising to me that that coalition is going to fray somewhat. and in fact, how strongly the
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biden administration says no, we're moderate administration versus, oh, okay, we signed on to all of these incredible policy things that are probably, you know, wouldn't really fly, particularly in such closely divided congress, that is where i think the jump ball will really move to right now. i think it is real. i think you're going to see considerable back and forth particularly since moderates really wind up with a lot of power with a congress probably only going to be five or six seats difference. neil: mark, let me ask you once again but bernie sanders all but auditioning for the job of labor secretary. once again thinks it would be a very attractive position. there is a lot of good he could do with it. let me jump past whether you think it's a wise idea for that, what if joe biden doesn't consider him for that? what are repercussions especially with a guy that all
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but advertised for the position? >> remember joe biden won the nomination over fear of bernie sanders. so to put bernie sanders in a big position is in that sense is to bring all of that fear back that the party knew wouldn't play very well in the general election. so, i think, again, you're looking at very thin majorities here. maybe a majority in the senate, maybe not. five or six seats in the house, right? is this administration going to move to the center and the question is being settled right now, at least to a large degree. when i came on to work for president clinton, they got wiped out in the 94 congressional elections. the administration moved too far to the left. steve richetti was there. they may skip that period of getting wiped out. neil: go back to the house. you alluded to the fact democrats maintained the majority. it is not what it was.
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speaker nancy pelosi will likely assume the leadership in the house. she has indicated one and done, just these two years. i'm no longer interested in leading you. do you believe that? >> well, do i believe that? yes. i don't think she would serve more than one term. i don't know whether this vote will go through without some contention here. so far seems like nobody wants to run against her, but i do think you have to remember here, it was moderate voters really determined in election. as i said in a recent piece we're one country divided by two parties. the country want as more centrist approach. neil: we'll watch how it goes. whether she lives true to that. whether she can decide her fate. because there could be some opposition but we'll see. mark penn, former clinton campaign strategist, much, much more. we leave you before we go into our next hour with the dow down
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neil: or you wouldn't know it with upcoming lake duck section of congress but talking about aggressive agenda getting stimulus then then along comes coronavirus at least five in congress right now have already tested positive for the virus including 87-year-old senator chuck grassley here we hope he's going to be all right. but it is complicated to picture before the house and the senate and what they can and can't get done. i want to go to chad program no better at covering these developments recognized by radio television correspondents association highest honor for covering this this is same guy who got merle wood nor journalism words his shelf is collapsing on weight of them all. but chad congratulations belated but let me get your take on all of this and whether it is going to disrupt whatever congress was certainly or hoping to get done. >> well, you know you saw this play out the other day, you
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know, there was basically a filibuster over the domination of judy shelton for federal reserve that was because they didn't have enough senators there who supported her nomination because of quarantine. covid is expanding and we often say on capitol hill that congress is a microcosm of the res of the country now you've heard of fights over mask at wal-mart or grocery store what about fights over masks on senate floor. listen. >> by asking presiding officer to please wear a mask. as he speaks and people below him are i can't tell you what to do. but i know that behavior. >> i don't wear a mask when i'm speaking like most senators. >> most senators -- >> i don't need your instruction. >> i know you don't need my instruction but clearly must interest in this body in public health. >> at least 25 house members and six senators have tested positive that includes 87-year-old iowa senator chuck grassley he serves a the president of the senate and is in third in line to the
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presidency. senator door keepers and security staff admonished outgoing martha mcsally for taking maskless photos off the floor with this week. senate is back in session house of representatives back in session you have the freshman orientation going on right now so lots of people in the capitol that's why there's fear this could be worse after thanksgiving a number of member who is say should come back to fund the government and if there is a coronavirus deal. you know that's been pretty elusive so far. back in the spring lamar alexander republican senator from tennessee he's the chairman of the health committee he said there's the potential with numbers flying in and flying out and coming back again for congress to become, quote, an efficient virus spreading machine. neil. neil: what about this fear of a government shutdown? in december i know mark meadows white house chief of staff this mentioned it didn't want to see it happen how likely would that be? >> well, you know he said, you
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know, he wouldn't rule it out, and you've had a situation where you've had the senate prepare some bills. there's a lot of ptsd on capitol hill where they thought they signed off senate to agree to interim bill and president woke up said no i'm not going to sign that eve with a lengthy no more than a month shut down over the holidays. there's a lot of people who are worried about that because the focus has not been on funding the government. it has been on the election. it has been on the pandemic and this is kind of, you know, lost in the stream here that's the only thing they absolutely have to do at the end of the year and a lot of times neil things come together at the very end but if they have serious problems with health and only get certain members there imagine if they get a deal and only members who are healthy enough to be there, you know, or the vice versa defeat it and strange situations there i told you what happened with judy shelton it is very much in the quarter of politic those members who are healthy can be there. but you know you can't depend on people who aren't healthy to be there.
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to fund the government if that's where the votes could lie. neil: all right congratulations again i don't know if you're open to swamping any of of your honors but whun i was a kid from a 4h club to guess the weight of the cow and i came the closest some of my competitors maybe we could arrange something. pretty trophy yeah. >> you know, talking about 4h my father back in the 1940s voted healthy boy in state of ohio went to chicago with all of the other healthy persons from other states that was through the 4h important in rural part of ohio where i grew up so i know it well. i know it well. neil: well it's quite an honor i'm willing to share it with you swap for the radio television thing. but we can talk lateroff air my friend. >> how about healthiest boy in ohio. neil: yeah, definitely was not that. [laughter] but thank you very much. ted program. i want to go to congressman tom reid right now the beautiful
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state of new york. republican and congressman, you know, chad was touching on this not well the award he's getting but this issue where because of covid because of all of these other things that are popping up it could effect how much it anything gets done, you know, in the lame duck session certainly in starting things off next year. what do you think of that? >> well, first of all i recognize the chad he's one of your aces up here neil so i have awards to congratulations to him. and i think his assessmented that sed on all about votes and 260 in regards to passing in the senate and house. and i'm not so concerned about a government shut down i think cr is doable given what i've heard from both sides of the aisle and white house and pushing that covid-19 stimulus deal got off the phone other day with the treasury secretary administrative officials working in a bipartisan fashion with some senators. and also house members and the
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problem solvers caucus as you know we co-chair republican side. there's a deal to be had there, and there's 400 billion dollars for example, that's already been essentially approved. wouldn't cost the taxpayers dollar we should start there. low hanging fruit, that could be reprogrammed refloyd to help people out, and i would say if you want to add that we could get to decial additional number not a 1.8 trillion deal but you have money in the pipeline i don't know why sides are adamant about disagrees time to say yes for the american people. >> congressman, is it time for the president to say yes i've lost this race? i've got to hang it up? >> you know he's going through the process and he's going through the review process. i think, you know that will attack care of itself in my humble opinion. and what we have to do in congress is focus on what is before us and what american people need right now. and that's a covid-19 stimulus package, and that's why you have 400 million already approved and telling our leadership if you're
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not going to do your job because you're worried ab race in georgia you said it was a presidential race that was causing you not to get a deal done. it's time to do what's right for the american people. $400 billion add to it there's low hanging fruit on bipartisan areas that you can agree upon you have things like unemployment that has to be addressed you have things like the paycheck protection program for small business america, need to be addressed. there's so much we agree upon just take yes for an answer. neil: but how do you do that and could you use the president's help on this? he's very, you know, republic outings and meeting on people what he does talk about what he does tweet about. is this voting issue and the count, i get that and all but does it make things difficult for you that he's talking about -- >> he has already indicated, you know, he talked when we talk to administration officials for example, this past week talked i talked to treasury secretary for well over 25mens.
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personally. there's an indication that they're willing to do this deal. that we're talking if here. and he's empowered folks in the senate and mitch mcconnell to work with people in good faith that want to work on the democratic side. but right now what i'm hearing is that nancy pelosi and chuck schumer are saying you know what we're in play with the georgia races and that is what we want to focus on. the politics of georgia. and that's just a shame. let the politics take care of itself we have to take care of the american people. neil: i understand that not tried to force you into a corner does that apply to president as well whatever his beef about the count whatever and ultimately resolved and you're right he's free to go through this process. but everything else gets sort of stymied along the way. does that worry you? >> you know, obviously, i recognize that question of to go through a transition, and that transition is going to lead to whatever administration on january 20th i've recognized it that the vice president with the
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title of president-elect here a couple of weeks ago because out of respect for that position, and respect of our process for 200 plus years so i'm one on the republican side that has done that. but that being said we can walk and chew gum at the same time, and this package of covid-19 is stuck in congress. congress in the house and the senate are the ones that are failing the american people not the president of the united states. he was at the table and he was ready to sign a 1.8 trillion dollar deal these guys said no no congress. shame on kong dropped ball here congress needs to do its job. >> got it. neil: congressman tom reid have a healthy thanksgiving as well tom reid of new york and i want to get the read on the reporter elena you heard what congressman just said. that the president's fight on this count notwithstanding he would support does support a surplus getting done. he has not publicly indicated that or used powers of his office beyond just this could ct
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does that hurt the chances here or could it? >> it could. i think, that with stimulus talks in particular the president of the white house has said that they want that to get done. that they want something to get done but i think it is key to note that the president himself has not backed down with speaker pelosi to have this talk and really get the ball rolling. there, we've been having this talk about stimulus deal since july and a lot of original expirations from the cares act had come to pass so, everyone i've spoken with on hill including today, say that they're not that hopeful for something to happen. that soon, and yes he's exactly right i do think that as this legal battle continues and as the president's campaign continues to really fight in so many different states the attention is not on the hill and on covid stimulus talk it's what's happening in all of states trying to figure out what the deal is with this election. neil: yeah. thing that this conference is
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press conference on the part of the trump campaign officials, on this multistate fight to get the count done. it leads some to believe that they're not gong to quit this easily. i'm wondering what the timeline is on this or what you hear that timeline is on this because conceivably this could go on for weeks more. >> tngd. i mean, the official end date is in mid-december it could be several more weeks and from everyone i've spoken with at the white house and those close to the president they don't expect it to let up any time soon i think this press conference today with the president lawyer rudy giuliani and sidney powell and jenna ellis show that but i will also say that privately a lot of people who work in the white house resign to the fact that this isn't really going to go somewhere. they're gong continue to fight for several more weeks as it seems president is dedicated to continuing this fight. but a lot of people have kind of begun to realize we're not going
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to win this and i know that -- about a week and a half ago the president team including campaign manager bill stepien and lawyers like justin clark backed president down at the white house and walked him through what one of them said was the options for success, and they told me 2 wasn't a rosy picture. but the president decided that he wanted to continue on with this legal fight anyway. and i think that's what we're seeing happen now. neil: all right. once it is resolved a legal fight might not be to president like and do you and sources tell you that he would ac and said back 20 years ago ultimately losing in the supreme court, giving up the fight at that point. gratefully acknowledging that defeat and congratulating his successor. but we see something like that? >> it is a tough question neil, because as of now no one wants to discuss that possibility very
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seriously. they, answer that i continue to get from the top people at the campaign and in the white house is we're still focused on battle and not going to discuss any sort of confession just yet. but i do know a lot of them don't expect the president to have to be forcibly removed from the white house as some people have speculated about. but i don't think it is also going to be a quick confession as we've seen so far so it is hard to say i think once it does seem that there's really no moving forward beyond these legal battles, there will be some sort of -- i don't to call it confession because they haven't worked out what this is. but i do think this will be a acknowledgement at some point. but we're far away from that right now. neil: do we know whether a transition is going on at least, i know the vice president is beginning to have a coronavirus briefing that smiek pence at 4 p.m. today. i don't know it is communicating with the president elect biden own task force on this issue. but --
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i do know international issues, intelligence issues, that has begun, i don't know if it is limited it to. but do you know of any other transcigging transitioning that maybe we're not familiar with? >> right now they're really doing everything they can between trying to cabinet officials and get people particularly those in the health care states and hhs into place so that when they are able to officially begin the transition briefings and intelligence briefings regarding vaccine and national security that they have the right people in place to do so but it has been biggest topic of conversation been biden world and among transition people that they haven't the general administrator murphy has not officially recognized that the election is other and hasn't been able to begin that formal transition process for joe biden. so a lot of people this is a big topic on capitol hill even republicans saying that they think that joe biden should be
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receiving some of these intelligence briefings. that he should be getting briefed on health care even lindsey graham one of the president fiercest allies saying same thing. so it does appear that that might happen soon but until there's that former of acknowledgement from the gsa there's so much they can do from a transition perspective. neil: elena i hope you have a healthy, safe thanksgiving rule it no more than 10 people i don't to call the cops on you. but elena thank you very much. good seeing you. >> good seeing you neil. neil: i'm following couple of developments here as well on the virus front, by the way. there's another enter into the vaccine field actually there are two so incase you're counting up to four that could have remedies for this. sooner than you think -- stay with us. for over 30 years,
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last month but officials say that didn't do enough to contain the virus, so starting tomorrow, the governor has announced new restrictions on businesses and other places here. museums part that have we're at the iconic field museum they'll have to close entirely movie theaters and casinos will as well. retail stores gearing up for the holiday and season they're gearg up to 25% capacity along with gyms and salons. bars and restaurants in chicago have already been closed for indoor dining for several weeks now. that will continue outdoor dining okay. but not a lot of people doing that in chicago this time of year. the governor of illinois also saying he has not ruled out the possibility of another lockdown. okay we don't have that soundbite there but he said he's going wait a couple of weeks to see if these mitigation tactics work. some other places are saying that they don't want to do something so strict right away. they're trying another approach the governor of ohio called the
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curfew approach a middle ground so it is not as restrictive ohio is one of those states who has a statewide curfew starting at 10:00 tonight. new york has been under curfew for a week now. l.a. county also starting its curfew tomorrow at 10 p.m. obviously, that affects bars and restaurants the most with some restaurants in new york saying since the curfew went into place business is down about 30%. but it also has a trickle down effect to other people including those who work in the gig economy. people who drive for a ride share company like über and lyft they've already seen a huge decline in business because of the pandemic used to having late night rides but curfew late night rides essentially go away. on the flipside, one positive i guess you could say of more restrictions is that über eats grub hub food and grocery delivery services it they're expecting to see another spike in another surge in use because well people are staying home in some cases like here in chicago
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because there's nowhere to go. neil. neil: all right graddy thank you so much. in chicago in all of that and then there were three maybe four astrazeneca latest to say it might have a vaccine that is particularly helpful to older and more vulnerable covid-19 patients. dr. carlos joins us right now the emory epidemiologist doctor thank you very much for taking the time. with the astrazeneca news and johnson & johnson hinting problem on its own vaccine that would be four potential ones down the pike depends on timing of all of this. what do you think? >> thank you for having me on your show this is exciting in the news from astrazeneca today released it is particularly helpful because again it talks about -- these vaccines being altering individuals younger individuals and that, obviously, is very important a lot of vaccines in
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general don't work as well in older people so fact that this vaccine as well as some of the others work equally well or at least in older individuals is indeed very encouraging because as you know a lot of people are over the age of 50 are more susceptible and more severe disease "virus. neil: doctor, in that older population, almost sadly it was to the kiss of death if they tested positive for the virus in early days of the pandemic. i'm told a lot less so now. can you update me on the risk and this vulnerable population as risky, not as vulnerable what is the real story? >> neil is continues to be high and data shows this is a very, this is virus that is really produce increase mortality as we get older there's no specific age at which this increases right but as you get older you're more likely to have severe disease and if you're
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over age of 80, you're mortality rate in order it have 30 to 40% people in the age between 16 and 70 probably in older of 15 to 20% it has come down a bit but quite significant and again depends on older individual. right if you're older and underlying conditions like lung disease hypertension mortality may be higher if you're 80-year-old who is running marathons your mortality probably -- matter if the conditions of your body when you first get the virus. neil: the drill for those short of these vaccines, the treatment regime that's available right now, is it kind of what it was in the early days of the pandemic, doctor? different, adjusted? what? >> early days of the pandemic when this hit new york in april, you know, in march, april, we did nothing. there were no treatments available. i think since then research has
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given us some treatments, and you know remdesivir a club not to include survival but decreased duration of hospitalization we have other drugs like, you know, dexamethasone now we have a antibody produced by willy one by regeneron seemed to be useful not only for treatment of people who are not sick enough to be in the hospital and also they're being tested like a vaccine. so let's say that you got infected they could go to your household and see people there are infected if they're not they can give them antibody as a way of preventive vaccine soening we have some advances in therapy much better off now than we were back in march. when we still have a ways to go truly effective therapy. neil: doctor if i can pick that fine brain of what you think is going on in spike of cases we've
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seen i understand more testing i get that but seems to be fairly productive across half of the states of the country even in countries across the globe germany, and france come to mind that we're doing supposedly everything right. we're way ahead of the mask thing lockdown thing before anyone was and not getting clobbered what is going on and is it a second wave of more worrisome wave. how would you characterize it? >> i mean the way i will characterize this is that, you know, we have a new virus we've never seen it before so our immune systems are totally naive right never seen it. so unfortunately it is a virus that is very easily transmissible and transmissible in things we humans like to do which is spend time together and transmitted airborne transmitted through aerosol, secretions so people like to go and be in church people like to go and be dine indoors go to bars, and those circumstances you have a lot of transmission. we have learned a lot we've
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learned about, you know, about 10% of preem probably responsible for about 6 % of the transmission. so there's few people being big transmitters and other thing weaves learned concern that we call superspreader events in which this virus prappedly spreads and superspreader events for example, occur have occurred in cruise shift like occurred in jails and meat packing industries occurred in churches, and you know occurred in the white house during the ceremony honor of when they can confirm the newly supreme court justice. so i think we clearly know how this virus is transmitted unfortunately a lot of the restrictions that need to be put in place are not being taken very seriously. i think europe is a very good example i'm not going to talk about the u.s. right now but talk about europe. european did a lockdown and opened and oned too quickly forgot to open by doing what they needed to do they needed to open in saying you have to use a face mask and still need to limit number of people, they
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said okay we're done we open and paying price right now. u.s. never had a real lockdown we never contain virus and if you look at our curve out of europe, ours went down and right back up and down and right back up. so we really have never truly contained this virus if you answer that, there's a work of who use a mask and who doesn't that really has less critical situation where we are right now. neil: these recommendations doctor, on no groups larger than 10 people let's say for thanksgiving you support that kind of -- that kind of decree? >> i very much support it. i think if we are in a very complicated situation my recommendation of people my own recommendation to my family is limited to 10 people. do as much as you can outdoors as opposed to indoors if you're not possible to do outdoors, do a well vented place not a closed place. when you're not, you know, eating with your face mask own but do whatever you can to not
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get infected because believe me, the one thing i don't want to see at the doctor is you in the hospital and see you in icu it is really, really hard right now hospitals are overwhelmed and every single patient that comes in just putting more and more strain in the system. neil: wise words all dr. thank you i hope you have a safe, healthy thanksgiving and helpful to people who want to get a real skinny on where they think they stand request this carlos emory school of medicine epidemiologist much, much more we'll have much more after this. there aren't many unexplored places left in gold-rich nevada.
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corvus gold, gold rediscovered. neil: you know incase you're following economic news, though, we have a bit of an uptick in jobless claims latest period they're still trending lower we should point out that existing home sales were better than estimates the highest we've seen since back in november 2005 mortgage rates right now lowest
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they've ever been. so i can go on just to make a point that overall the data is more good than bad, and continues to trend it look good for the economy. the virus issues, and the shutdown fear notwithstanding let's go to liz peek on this liz, the back drop the virus notwithstanding still pretty solid for this economy. what do you think? liz: well it clearly is, neil we've got as you point out one major sector which is home building which is doing gang busters right now existing home sales were very strong but also there was a last couple of days optimism amongst home builders with a record high so that is one sector that's helping to fuel what's going to be a pretty good third quarter sorry fourth quarter growth number of closing in on 6%. i think what we've seen is a
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remarkably fast snapback from the lows reached in the spring everything from job creation and gdp growth better than expected. and i think investors are now looking at what life will look like a year from now they're pretty optimistic because of the vaccine that question is how much misery do we have to go through to get there? and that's kind of the tension and the market right now. neil: you know, i'm looking at all of the data and as i was saying and i know you reported it as well suzanne most has been strong, and certainly continues to trend more than half of the jobs lost with the pandemic have been refilled. i'm just wondering how it plays out in the new year especially potential axon stimulus even with lame duck session in congress. that's probably down fold but what are you hearing? >> i'm hearing very positive things heading into 2021, and i would even argue dig into the continuings claims long-term
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unemployed actually dropped and fell for an 8th straight week now we're lower than anticipated. so i think that's very good sign heading into next year. as you mentioned wall street is bullish as well goldman sachs gain 20% from current levels that is based predicated on fact that they expect the u.s. economy to even do better than most of these investment base and predicting over 5% gdp for 2021 giving it long-term tenure average under 3, 5% would be below. neil: a lot of expectations i know of guys that the market has they don't like any surprises. so one of the sort of consensus views, liz, is that there's a great deal of tension on this twin georgia runoff race. but that it doesn't turn into a debacle for republicans they win at least one of them that would assure republican majority in the senate. but what if they're wrong in that what if both seats go
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democrat how would markets react to that? liz: well, i think we've gotten a very good clue about, neil, from what the progressive wing of the party is telling joe biden they're basically saying we don't want any corporate ties for anyone who will point to any position. there could not be a more antibusiness narrative than that which is coming out of the left wing of the party. i think you're right. think investors have put behind them socialist agenda of the democratic party. but guess what, if those two seats go democrat we're going to see the big pileup of measures which have passed in the house already. measures about labor laws, for example, which would really, really be difficult for american businesses. those will go to the senate and then have a chance of being enacted so there's no question if those seats go democrat, the market going to sell off big time and rightly so. neil: susan another thing to
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look at that the president doesn't go down without a fight amid legal battle to get this vote out and this conference press conference still beginning on going on for an hour and a half plus but a.m. curious when all is said and done nothing changes and joe biden becomes president on the 20th, the president never concedes, elites this idea that he'll create a deal to himself and it is extreme. but he is bitter and angry what would be the fallout from that, do you think if any? >> you saw that jpmorgan asked management last night talking about a 10% probability that this could see the election being repealed and how that would be detrimental to stock market assessing below 10% probability of that happening. and they say if that does happen, that would be who are horrific for stock market investors but realistically most
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on wall street don't anticipate that to happen an find a resolution and president-elect biden will be in the white house and we are going to deal with a new administration. but i think we should also be encouraged by stoocialght move i want to point this out to you neil there might be some ration from sector to sector but no one is cashing out of these markets may go into value one day growth another day. the fact that all of that money still contained within u.s. is a very good sign. neil: all right. final word on that susan i want to thank you liz i want to thank you hope you have a great thanksgiving safe, healthy one no more than 10 people i'm watching. we'll having more. [laughter] (vo) i'm a verizon engineer and today, we're turning on 5g across the country.
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that's why we've become the nation's fastest growing retailer. because our customers love it. see for yourself, at carvana.com. >> well it's a fact the disproportionate number of people dieing from covid-19 even now are older even now are nursing homes and even now are in veteran nursing homes in particular christina following all of that sad part of the story.
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she joins us in newark. hey, christina. >> neil, it is one of the deadliest covid sites in the country like you mentioned nursing homes more specifically veteran run nursing homes here in new jersey. that's why the department of justice is investigating menlo park and paramus this investigation was over open and no answers and families want to know what happened to their family members who passed away. so far new jersey says 146 patients passed away due to covid at both menlo park and paramus, however, the death toll could be a lot higher. i spoke to alexus her father is 102 yearings old he caught covid not once, but twice. she like many other families believe there's gross mismanagement at that location right now she's only able to visit her father once a week for 15 minutes outdoors. listen in. >> happy and living in jail. how much longer is this going to
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go on for until there's a vaccine? that could be another six months year away they needed it, they have to figure this out. they cannot keep all of these veterans in this home locked up. reporter: the department of justice says that they are investigating these two homes because, quote, the number of covid deaths has been understated also concerned about, quote, the quality of care at these nursing homes i like to pingt out too doj is looking into 600 nursing homes in new york as well. but no investigation launched there. of course, you have families neil, that are seeking justice. want justice, i spoke to a nursing home negligence attorney, and he believes that a lot of these nursing home facilitators just ignored the severity of covid early on. listen in. >> families who lost loved ones and have no answers and have nowhere to go to get the answers. why are they hiding these
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numbers? families deserve to have the truth that's what is most important not whether it is a democratic issue or republican issue. reporter: unfortunately it is prevailing problem across the country. right now less than 1% of the population is in a nursing home. but according to the covid tracking project, more than 40% of deaths occur in these nursing homes. right now in new jersey, both the top manager at menlo park and paramus have been fired but it could be one small step in a long haul as these families seek justice. back to you. neil: all right christina, thank you. very much for that christina, all right well if you're going to continue working from home, deutsche bank saying you should pay more for that 5% more in taxes because of the privilege of working from home. say what? after this. .
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what john is doing nevertheless, seeing opportunity where others sort of give up rescue host and podcast host, with me right now. john, you're either brilliant or you're crazy. i would imagine giving your success a little bit of both. but what are you doing? >> well we've been working on this two years neil you'll get a kick of this started two years ago when restaurant industry had no labor pool. remember that? wasn't very long ago. and biggest problem in the industry had was no labor. so i said i'm going to reinvent casual dining model but putting brand new kitchen of the future with robot egg and computers and sophisticated cooking equipment to reduce human factor because there were no employees available well covid happens and we realize son of a gun we have the safest kitchen we've ever seen it has less human contact, it is more machine, it is more sanitary, so we created what we call this dining system.
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we sold a bunch of franchises neil during the pandemic. we've sold rights to atlanta, to boston, to washington. and we opened in georgia a beautiful suburb outside of atlanta. just couple of weeks ago quietly and performance is, you know, we're performing twice of what our covid budget revenue projections were. and we're maintaining a level of safety standards that we think exceed any that we've seen in the industry. neil: you know, impress me about what you're doing john so you could have given up on that as soon as you started hearing a report of the fights all that, you know, from a financial point of view you can say all right we'll chill a while see how this goes but we're not going to do anything now what make you go full throttle? >> well you know, neil, you've got to find opportunity in any marketplace and this is really not a disrupted market police station. i call this a nonfunctional marketplace in in cases.
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but you know we have to take a look at what the opportunities were interestingly we're selling franchises pretty well right now. and i see boom town, and we've talked about this briefly before but think about this, neil 90 to 100 days from now america is haven'ted once they're vaccinated people will go to dinner i know you will you'll go to a wonderful restaurant after you're vaccinated i know that so you're smiling. neil: i will wait by the way my friend i won't wait until i'm vaccinated but go ahead. >> i hear you. so there's going to be a boom that happens in a restaurant industry now think about this. well that say we lose 40% of our capacity by the time this is all over. terrible. heartbreaking. but let's say we do. think of the real estate opportunity that are goapg to exist at the end pandemic so franchisees are buying taverns saying there's going to be great locations that are going open up around america. they have bars, they have kitchens we can retrofit concept
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get many more cost effectively so there's a lot of people in a restaurant industry who see this like a forest fire, neil. the forest is burned down, but now the little buds are starting to pop up. and we see real opportunity and growth and great real estate location acquisition so i'm looking forward to that opportunity and we have been positioning ourselves for that. neil: but as you know you talk about these sprouts things that are going here they could be stomped on with these reclosings going back on new restrictions going back into effect limiting hours. shutting, you know, restaurants down entirely through sort of a quarantine period. i mean, what do you make of all of this? >> well i think there's two big differences from last time, neil. ting this time we all see a vaccine. so i think we do see light at the end of the tunnel if there's a shutdown now i know it is not a year i know it is not six
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months i know it is probably more like 90 to 120 days so that's a difference but other big difference is there's no ppp this time, neil. there's no increased unemployment benefits this time. so we have no provision to keep our employees onboard. our employees have no provision to get any -- above normal unemployment computation. so we don't have the stimulus programs that we had in place last time. so that's a little scary and neil, we're struggling now. so many independent restaurants friends of mine are down to their last dollars. this second close down, will take hem down unfortunately in many cases. neil: yeah. i would admire about you i don't know is you stick by your friends folks never give up. that's inspirational so stay with it my friend. and keep me posted how this is going john who will be looking after people that's the kind of stuff it takes to be on the left or right. but there are human beings we have to help each other out.
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home dodging taxes because they work from home. this will prevent that. this is not a favorable response. they have to get their money from somewhere. they're looking at you, yeah you, working from home. we'll see how that goes. hey, charles. charles: some of us paying taxes in places we don't work anymore. try that one on. neil: absolutely. charles: try new york, new jersey, some of these other states. good afternoon, folks. i'm charles payne and this is making money. breaking right now the market continues a seesaw near record highs. investors returned to growth sending the nasdaq higher, the s&p and dow lower. meanwhile traditional safe havens are utility stocks are actually among the worst performers of the day and i think that underscores a sense of complacency. attached to the american consumer who pushed existing home sales to a 14-year
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