tv Cavuto Coast to Coast FOX Business November 27, 2020 12:00pm-2:00pm EST
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times square itself in new york. again, this is the time of year when this place would be packed shoulder to shoulder. look at it now on sixth avenue, our magnificent mile about the psalm. not a lot of shoppers out there, but the markets are going strong. we can be thankful for that. and blake burman, i know, is always thankful for that. blake, good to see you. >> you too, david. by the way, we could probably give you that same exact shot here in washington d.c. you go by the capitol, the white house, pretty much empty. pretty crazy to see. david, anyways -- david: have a good weekend. >> i'll take it from here, this is, of course, "cavuto e coast to coast," a very busy, hopefully, two hours ahead as we are less than an hour away from today's market close as you see there. pretty good day on the corner of wall and broad as we take it into the weekend. of course, investors continue to watch any and all vaccine news closely. president trump yesterday during husband holiday signaling that hope -- his holiday signaling that hope for a vaccine is on
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the horizon. listen here. >> we are rounding the curve. the vaccines are being delivered, literally it'll start next week and the week after. and it'll hit the front-lewin workers and seniors -- front-line workers and seniors, doctors, nurses, a lot of people, going to start, and we're going very quickly. blake: we begin the next two hours with casey stegall who is live in texas for us today. casey? >> reporter: blake, good to see you. yeah, pfizer is one of these big vaccine candidates that west virginia been talking so much about -- we've been talking so much about. it is getting closer and closer for potential approval for use here in the united states. the food and drug administration is scheduled to take a look at the vaccine for potential emergency use with at a december 11th meeting. pfizer touts a 90% efficacy rate with that particular vaccine, and the drugmaker is getting ready for mass distribution. and, frankly, it cannot come soon enough. this is a time when covid
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hospitalizations across the country hitting a record high for 16 days in a row, more than 90,000 americans now hospitalized with the virus in the united states. that, of course, prompted the cdc and infectious disease doctors to issue warnings about thanksgiving holiday travel and gathering in large groups with people outside of your household. yet as we know, millions of americans still pushed forward with their plans and, frankly, that has doctors worried. listen. >> two weeks where suddenly people are starting to develop symptoms. you could see a surge then. but more than that, within those two weeks they might have come into contact with other people. so, again, you see another surge. >> reporter: surge upon a surge. the last thing you want to hear. the centers for disease control and prevention now projects that the u.s. coronavirus death toll could reach 321,000 people,
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321,000 before christmas. blake? blake: yeah, casey, i know we heard president trump mention the possibility of a vaccine next week, but the government scientists have been talking about december 10th, right? at least around that fda approval potentially of pfizer's candidatesome. >> reporter: that's right. and that's just pfizer. as you know, there are many candidates. astrazeneca, which has had a bit of a setback, i know you're going to talk about that later, but moderna, of course, is in the game. so everyone is racing to the finish line in these late stage clinical trials trying to get the vaccine out and also get it distributed in a way so that it can get out to not only americans, but others around the world that are also suffering from this global pandemic. blake: indeed. casey stegall live in texas, thanks. he mentioned that potential setback for astrazeneca in its race to find a covid-19 vaccine.
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the pharmaceutical company now facing intense scrutiny over data from its stage three of its vaccine trials. some on wall street are wondering how this could potentially affect the vaccine's approval. here's what the company's ceo is now saying in a global trial. he says that data will likely need to be validated still. board certified cardiologist dr. petri on if the conflicting messages could cause people to second guess a vaccine. doctor, hello, good to see you. >> good to see you, blake. number one, we have great news with moderna and pfizer, and it would be premature to decide about astra astrazeneca. look, one the still has 90% efficacy, but at the end it's going to be the price point and how oozy it will be to transfer -- easy it will be to transfer these vaccines. pfizer will be around $20, moderna $50, and astrazeneca will be around $4 per dose.
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so that would be a huge determinant. if, indeed, astrazeneca is having to step back. blake: certainly there's going to be distribution challenges or hurdles to get this out to the general public. going back to astrazeneca for a second, the issue is that the two different trials had a half dose on the first go-around and a full dose on the second go-around. and because of that half dose/full dose now, astrazeneca's having to take another look at it and say, well, wait a minute, is it the right way to go about it. here's what the ceo said, quote: now that we've found what looks like a better efficacy e, we have to validate this, so we need to do an additional study. doctor, what did you make of it when you initially saw that the half dose/full dose was actually better than the full dose/full dose? >> the scientists kind of scratched their heads trying to understand why a half dose would leave a stronger immunity, but they supposed that it works as a
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primer for the second dose actually was more effective. that is the initial explanation. however -- >> do you believe that explanation? >> it's possible but we have to wait and see what they can come up with. in the united states the trial, the numbers are not included in this preliminary analysis, and we see, particularly myself, i am a participant in oxford trial, so i know i received the full dose protocol. blake: so you yourself got full dose/full dose? >> i'm still going, waiting for my second dose, but likely if it was not placebo, i received the full dose. blake: so it's blind, you don't know. >> no. blake: right, right, interesting. what made you sign up for the trial? did you want to be, sort of set a good example? >> well, absolutely. you have to walk the talk. you have to lead by example. we're facing such a vaccine hesitancy in this country. blake: right. the astrazeneca vaccine, the
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study was in the u.k. and brazil, and there's even a question, right, as to whether or not the fda would approve this here in the u.s. astrazeneca still has a lot of hurdles to go true, don't they? -- through, don't they? >> they have to figure how they move forward. i think they put everything on hold right now of they might want to start another trial like a half a dose, full dose. so they have to clean their plate right now. let's see where they go from here. blake: doctor, thanks for coming on, appreciate it. when you find out the results of that result, let us know, of course. i also want to ask you before we go about black friday, officially kicking off today, as you know. many people around the country going in and doing their shopping. what do you make of it? do you think it's safe on the whole? what precautions should people be taking? >> nothing has changed, and yesterday already was a super-spreader event of national level.
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let's have into one. we have the option to buy everything online, that would be safer as we are looking into this winter. remember, we have a lot of help on the way, but we're not the other side yet. we have a few months before that. blake: not on the other side there. doctor, good to see you. thank you again. we appreciate it. >> thank you. blake: meantime, president trump saying while the election fight is not over, he would leave the white house if the electoral college certifies the win of president-elect joe biden. listen. >> if the electoral college votes for joe biden, would you leave? >> certainly i will, and you know that. but i think that there will be a lot of things happening between now and the 20th of january, a lot of things. massive fraud has been found. it's going to be a very hard thing to concede. blake: joining us now, fox news contributor liz peek. hi, liz. >> hey, how are you? if blake: doing all right. friday afternoon, short weekend -- long weekend, can't complain. what'd you make of the president's comments
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yesterdaysome -- yesterday? >> well, look, i think this is one of the fake issues that the left has raised pretending that president trump is going to break all norms, you know, undermine our democracy by refusing to leave office. i think this conversation has gone back months now of. i, for one, never doubted that he is going to follow the normal precedent. when the electoral college determines that, if it does -- i assume it will -- that joe biden is the president, the president will, in fact, vacate the white house. i really never doubted it, and i really think it's kind of silly e that -- >> isn't it one thing, isn't it one thing, liz, isn't it one thing though to say, you know what? we never doubted he would leave if he would lose, but it's another thing to talk about massive voter fraud when we haven't seen any and is states are continuing to certify election results? >> and i -- [inaudible] i wish he would stop saying it
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because there is a -- [audio difficulty] that is using claims of voter fraud to say, hey, we should boycott the senate election. you don't need a whole lot of republicans to boycott what's going to be a very, very tight rouse in georgia -- race in georgia. to possibly throw it to democrats, i think, would be a catastrophe for republicans. so i think really the president is -- i've already said i think he should concede that he lost this election. i think] he needs to do that so he leaves office with the power and the political clout in the republican party that he deservesment i'd like to see him do that, blake, and i think he will. blake: you talk about georgia, and i want to get there in a second, but here in washington we haven't really seen many republican lawmakers step up and say -- we've seen some, but not on the whole or the vast majority say, mr. president, the race is over, time to move on. is the reason for that because
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they need and they want the president's help in georgia so that republicans can keep control of the senate? >> i think they, i think that's true, but also let's face it, polling shows, number one, president trump still commands an enormous following in the republican party. and number two -- [audio difficulty] in this election. and waiting to see all the legal challenges before they -- [audio difficulty] you know, the president has sued should -- you know, i can say this after all -- [audio difficulty] not being and others not being allowed to observe, etc.
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so questioning -- [audio difficulty] >> i'm going to have to jump in. zoom's awesome, sometimes we have audio e issues, as you can see there. liz peek, we appreciate it. i'm sure we'll see you again at some point. bottom line here, there is a very, very bug political scene -- big political scene, event in georgia. the balance of the u.s. senate could potentially be at the stake, whatever happens in georgia. ask and we'll see what happens there. meantime, cities across the country are under shutdown orders and reductions. what will the biggest shopping day of the year look like for retailers? the national retail federation is ceo matt shea is here, and we'll ask him next. ♪ businesses today are looking to tomorrow.
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blake: it is a black friday like no other, as you know, so how is the biggest shopping day of the year turning out for retailers? kristina partsinevelos is live from the tangor outlets in new york. >> reporter: we've been here since six a.m., and the foot traffic is definitely down. there's a movie theater that's
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closed here, some of the food places, restaurants are closed. there's a line behind me because a lot of the shops have strict capacity limits, is so most of them you can't very 10, 15, 20 people in a store, is so that's why you have a line waiting to get into ugg. overall, the discounts this year are actually a little bit better. there was a survey that found the average discount on handbags, apparel shoes is 22% versus last year at 16%. so some people are taking advantage of the sales, so much so that the national retail federation believes that there will actually be growth in sales this year in 2020 between 3-5% totaling at least $755 billion. the federation also believes since we're not spending as much on entertainment and travel, we have a little bit more money to spend on ourselves. i spoke to a lot of these shoppers here and asked them why did you want to shop in person versus just shopping from the comfort of your home? listen to what they had to say. >> because a lot of times you
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can't find the sizes, and you want to make sure it fits. that's why i came out here. >> it's a really nice day, it's mainly outside. also we can try on clothes. online shopping you can't try clothes on so, yeah. >> i'm here in person because i'm going to buy shoes, and i need to try on, yeah. >> reporter: so the vast majority of people just came out because they wanted to try on clothes and, i guess, enjoy the beautiful weather. overall, a lot of people are ap rehencive which is why adobe an huttics says roughly 39% of all black friday sales will be online. will this become a permanent shift in the coming years? we'll have to wait and see. foot traffic though, people are shopping. back to you, blake. blake: that's interesting because i'm of the belief just send it to my house, and if it fits, great. i didn't have to go and try on anything. if it doesn't fit, i had to go to the store to begin with. that's sort of the way i hedge this thing, i don't know. >> reporter: i don't know, but a lot of people are concerned about shipping delays.
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amazon, many other retail ors warning of that so that you could get, you know, miss out on all the gifts that you're buying people, make. blake: the wife, the kids, there's a lot of them, that i know. kristina, thank you. >> reporter: me. [laughter] blake: good to see you, take care. on now to the national retail federation still predicting record high holiday spending this year. kristina went over some of that. the nrf president and ceo matthew shay joins us now. hi, matthew. >> hey, blake, how are you? blake: doing art. happy friday. -- all right. you're predicting a sales increase this year as kristina talked about, 3, 4, 5%, depending on how it shakes occupant. i'm wondering why you think that's the case considering the state of the economy where we've seen, basically, unemployment twice as where we are now compared to this time last year. why are you so optimistic? >> there are a number of factors. we've been doing this forecast for more than 20 years. we look at probably two dozen
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basic macroeconomic indicators whether that's the unemployment rate or housing starts or gasoline prices, unemployment. so we've got a lot of history of this study being, this forecast being very, very accurate and reflective of the economy. so we've got that foundation. we also have the last six months of consecutive month over month and year-over-year retail sales growth. consumers have been out powering the economy from june when we really went back into more of a opened economy when we got back to business in a lot of ways. so we've seen this, and the october numbers that came out year-over-year up 10.5% over october of 2019. so consumers are out there. the unemployment rate is still far too high. there are millions of american families, workers, businesses, communities that are suffering. that's why we really believe that we need additional fiscal support and stimulus are. whop that policymakers will --
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we hope that policymakers will get that done. but consumers overall are out getting engaged in the experience, and we know they are repurposing a lot of dollars from other sectors of the economy. blake: i want to ask you about this because how much do you buy into the idea that there hasn't been vacation spending, gas, etc., maybe instead of that hotel that you would have been in in florida, instead the it goes to that whatever that you buy in store or online? >> yeah, that's absolutely true. and we've seen it throughout this year as consumers had to make different choices about how to spend their money. so the home became the plus that you, from which you worked, you entertained, you went to school, you exercised, all of those things, and that's driven consumption. the estimates that we've seen are between 350-500 billion dollars at this time of year would be spent on services and experience whether that's travel, entertainment, dining,
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lodging, flights. unfortunately, they're really not recovering yet. blake: let me ask you, and if we could put that graphic back up of the bug box retailers, because we know who's been a winner over the last 6-8 months or so. you look at target, for example, amazon as another one. how much of this spending is going to the massive companies because of the infrastructure that they have set up and the online presence that they had going into and built out during it versus the mom and pop shop when you talk a right at the stop sign? >> i think it's interesting, we were pretty vocal in our expression of frustration that earlier this year there were some real arbitrary decisions made about which businesses could remain open and which were forced to close. it wasn't based on health and safety guidelines, simply based on the products that these businesses sold. there's nothing inherently unsafe about a sweater or pair of shoes that makes it less safe than a loaf of bread or a pound
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of ground beef. we thought all businesses should have remained open. having said that, there's been a rebound and a recovery for many of those buzzes forced to close -- businesses forced to close. retailers showed tremendous agility. consumers have been resill cent, but there's still far too many businesses that need support, and that's why we're very vocal many supporting additional fiscal stimulus. blake: i'm glad you said that, but a i want to ask you about that. as someone who spends monday through friday at the white house, i can tell you as you've been following the headlines, it's, it doesn't look good for another relief package in the short term at the end of the trump administration, and you've got to question how it happens at the beginning of the biden administration if there's a republican senate as well. what happens if there is not another relief package? >> well, blake, you know, i think we're aware there are a number of programs that are going to expire. unemployment insurance benefit extensions, moratoriums on evictions and foreclosures on
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mortgages, things like that. there's a lot of support that ought to be forthcoming from the congress -- blake: i know it should be coming, but what happens if it doesn't, i guess, is the bottom line. >> well, you talked in your last segment about the politics of the moment given what's happening in the senate race in georgia, things like that. and i poke to secretary mnuchin a few days ago, we've spoken to the biden transition team. everybody recognizes we need to do something. we e need the politics to get out of the way. we need folks to come together. blake: real quickly, what dud the biden transition team tell you? >> well, i think there's a recognition that everybody sees whats' happening in these -- what's happening in these economies across the country and in these communities. we know that we need more relief. so, again, everyone's playing the political environment in the hopes of a bigger, better deal, and at some point i think we have to recognize better to have something before the end of this year. and if there's a desire and a need to go back and do more next
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year, then we can have that conversation next year. blake: matthew shaw, we'll bring you back. thank you, appreciate it. well, coming up, the dow, s&p on track to end the week at near highs. you can see the nasdaq up right now about a three-quarters of a percent, s&p just about break even right now. can anything at this point -- i'm sure there is -- what can slow could down this market? we'll get into it. ♪ ♪ ♪ ♪ ♪ smooth driving pays off with allstate, the safer you drive the more you save you never been in better hands allstate
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optimist, scott shellady, and nancy davis. hello to you both. thank you on. this short friday, appreciate it. scott, if my kids are watching, they'll probably love your suit, so i'll start with you. [laughter] what's going on today? >> well, i mean, obviously, it's a square-up kind of a day. november's been a fantastic month for the markets, and it looks as though everybody still had this hope built into their business plans that this vaccine's going to make everything go away, so we're borrowing a lot of demand and kind of putting it in the stock market up front. i still say we've got some bumpy things to go through. what's going to happen with some sort of relief package, those types of things, and we haven't really taken stock of all the negative things as far as the restaurants that have gone out of business and really the damage to the economy that we've seen up until now. so west virginia got some hurdles to get through. that would kind of slow down any sort of opium in the next year.
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anything, any bumps we hit might put that off. we'll get through it, but we're going to go back to -- it's going to be a new normal. we're not going back to the way it was, and i still think that slows things down a little bit. blake: nancy, your thoughts on what we're seeing? >> i think there's a lot of optimism that's priced into the equity markets, stock and credit markets, things with corporate credit spreads are all trading near all-time huey p. long. more fiscal stimulus -- blake: you know, nancy, i don't, i just don't understand why that is the case, why the market is pricing in fiscal stimulus. we have been saying and i have been saying for months standing on the north lawn that it wasn't going to happen, and you talk to people who know things in this town, and they do not believe it's going to happen at the end of a trump administration, at the beginning of a biden administration if there's a republican senate. why is this being priced in at this point? i just don't see it.
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>> well, i do think both sides of the table do want to have fiscal stimulus. i think everybody acknowledges that the pandemic is not economics, it's not related to markets, it's not related to the health of the economy, and if we do have, you know, going into the winter months in the northern hemisphere if we do follow europe and have to undergo more lockdowns, more stifle thing of the economy because of health reasons, i think everyone can agree at that point that fiscal stimulus is appropriate because this is not an economic outcome, this is health related. so i do think markets are pricing in fiscal stimulus. blake: but, scott, to that point, right, everyone can agree that there should be some form of it, but everyone agreed that going into the election, and it didn't happen then either. so what do you make of the market pricing this in? again, i just, i don't know. >> well, i mean, maybe you're
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closer to the fire than i am, but i believe this: if your kids aren't watching and you've taken them to a nice store and it says you break it, you own it? the government shut down the economy. they broke the economy. now they own it, and now they have to get something to get it back going. it's still a disaster out there, right? yes, the nasdaq is showing us that there's stay at home stocks and technology is doing very well. but there's a lot of other things that are on its knees, retail, bricks and mortars, restaurants, travel. that needs help. because that's not their fault. they shut those people down. they broke it, they own it, they have to do something or it's going to be absolute carnage. and the numbers are getting worse as we go. look at 'em week to week. i'm telling you, that's what's down the road, and they're going to figure that out, and i think maybe even a biden presidency gets that right in our faces sooner. blake: did east of you hear the interview with the head of the national retail federation?
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>> i didn't. >> no, i didn't. blawk blake they're bullish in the upcoming months, and i guess my question is should they be? >> yes. i mean, it depends, right? it's, like, people are consuming. americans love to consume. i think we saw this last round of fiscal stimulus in april that as soon as people got those checks, they spent the money. so i think we've had, i guess, bullish is, like, what part are you talking about, but people are buying. people are consuming. americans love to consume. and so i think if we have fiscal stimulus are again, we should expect more consumption. it might not be, you know, cruise lines and airline tickets, but it's going to be other, you know, whether it's technology or more work from home aspects, i do think it's reasonable to expect, you know, people to continue to consume. blake: scott, we wanted to talk about georgia more at the top of the show but had 020 type audio
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issues. do you think that story's getting the attention it deserves? >> no, i don't, and i think that's one of those big bumps that i say that could push off any, you know, any back to normal trade that everybody's borrowing this demand bringing it forward for. so that's going to be an issue. the stimulus is going to be an issue. and yeah, you know what? we have been we've got -- when we've got 2 3 times as much retail space that country needs? what do you think's going to happen to that a sector? that's going to be a huge problem. how do we gross over 32,000 people at disney getting the axe? these types of things are going to slowly drip forward, and it's not going to be as easy as everybody's saying. look, i want it to be great tomorrow too, but when you look at these things, there's not a lot of good stories out there unless it's tech or stay at home. blake: yeah. walking in to work the other day trying to get a sandwich at a restaurant i go to often, doors
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closed. we'll see. scott, nancy, got to leave it there. appreciate you both. very interesting to hear from you. thank you. well, as president-elect biden begins picking members of his cabinet, we are just learning now some of the names that are being floated for one of the biggest spots, that being the attorney general. we'll take you to the justice department next. ♪ we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa i'm a peer educator,... a fitness buff,... and a champion for my own health.
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blake: welcome back to ""cavuto coast o coast"" as president-elect biden begins selecting some members of his cabinet, the next attorney general will come in with a full plate. david spunt is louvre at the justice department -- live at the justice department. a lot of names there. >> reporter: yeah, a rot of people -- a lot of people vying for this position, and when president trump made the announcement he was going to give a full pardon to former national security adviser michael flynn, the justice
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department came back into the spotlight. the current attorney general, bill barr, announced last spring that he wanted to dismiss the case, he wanted to drop this case against michael flynn. now, he received a lot of criticism, the attorney general, even before he became the current attorney general for acting in the president's personal interest, for serving as the president's personal interests rather than doing that for the people of the united states. barr has denied doing so and says he represents the people. now it's president-elect biden's turn to pick a new attorney general. he says high school run his department -- he'll run his department completely different. when asked blake if he'll use his department of jus toys to go after what will be former president trump, he said this -- >> i will not do what this president does and use the justice department as my vehicle to insist that something happened. there are a number of
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investigations that i've read about that are at a state level. there's nothing at all i can or cannot do about that. >> reporter: some of the names that biden is looking at fox news has learned alabama senator doug jones with, former a a.g. sally yates, california attorney general javier becerra, jeh johnson,. >> sheldon white house -- sheldon whitehouse, governor andrew cuomo, stacey abrams and former supreme court nominee merrick garland. these are all different names biden is looking at. also something this john durham investigation, that did not happen. president trump was hopping the results would come out before the election. it may come out when biden is the attorney general, so they'll have some of these holdover cases from the trump department of justice that mold into his department of justice. blake: any idea when the president-elect might put forth
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that nominee? we saw the national security nominees rolled out this week. any potential timeline there? >> reporter: you know, we were told after thanksgiving. it's after thanksgiving. i suspect probably nothing today just because it's a holiday weekend, but i'm told likely next week or the week of after as we get closer. i mean, some of these nominees in the george w. bush administration were not announced until mid december, so certainly he has time. but as you said, the pentagon, some other big ones, treasury have is not officially been named, so we're expecting that soon. blawk lake david spunt, appreciate it. thank you. >> reporter: you bet. blake: coming up, supporters of the defund the police movement are calling out the president-elect, accusing him, they saw, of not doing -- they say, of not doing enough. we'll have reaction on the other side of the break. ♪ when i was in high school, this was the theater i came to quite often. the support we've had over the last few months
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adapting. innovating. and tlsetting the course.oday. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward-thinking solutions. and that's what we deliver. so bounce forward, with comcast business.
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and if we win, we get to tell you and doug. how liberty mutual customizes car insurance so you only pay for what you need. isn't that what you just did? service! ♪ stand back, i'm gonna show ya ♪ ♪ how doug and limu roll, ya ♪ ♪ you know you got to live it ♪ ♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> we shouldn't be defunding cops,e should be mandating the things that we should be doing within police departments and make sure there's total transparency. blake: that, of course, the president-elect, joe biden, now under pressure from the defund the police movement. despite embracing calls for police reform during his campaign, some are now saying that he's not doing enough. the former new york police department lieutenant darren porcher, darren, hello, good to
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see you. >> good to see you too. thanks for having me on. blake: for sure. they say he's not doing enough. he's not the president yet, so i'm not sure what he could do at this point, but in any vent, you could look forward and say what might he do. what do you expect to hear from joe biden when he assumes the west wing on this? >> well, joe biden has always been a proponent for funding or employing greater resources into police departments. however, that can bifurcate into different directions. when we go back to the obama administration in the past, what they did was they implemented multiple consent decrees. so i think that's something that we're going to see under the biden administration because there's a civil war brewing within the democratic party. you have a component that's striving towards this defunding of police when we see people such as alexandria ocasio-cortez and omar up in minnesota, but then you have the other side that's in the middle, and hen you also have -- and then you
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also have other individuals even further to the. [laughter] so i think that biden has an immense challenge at the forefront, and i think that he's looking to engage a peace accord in connection with implementing these consent decrees moving forward. blake: clearly a difference of opinion, that is for sure, within the democratic party about where to go from here. i want to show you some of our fox news voter analysis. this was taken from voters in the final week of the campaign when they were asked about police and police in this country. policing in this country on handling crime, about right, 43%, said voters. too tough, 32%. not tough enough, 25%. what do you make of those numbers, and what kind of tone do you expect the president-hecht, when he's president -- president-elect, when he's president, to hit? >> well, he has an enormous enkever moving forward. when we look at the violence that's a plagued the democratically-controlled is
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cities such as portland, seattle, chicago and new york, they've experienced a meteoric rise in violence. coming in as the incoming president, you need to be able to interdict that violence aaccordingly. it's okay to stump and say whatever on the campaign, but the execution phase comes into play after january 20th and, therefore, i don't want to say -- i'm in whole hearted, i'm behind the president to do what's necessary to curtail the crime, but it really remains to be seen in connection with substantive and sound policy to reduce the crime because i haven't seen one rolled out up until this point. blake: you know, clearly, this was a big issue for many voters in 2020, and it potentially cost house democrats their seats. in 208 when the house flipped -- 2018, the big issue was health care. if i had told you the big issue in 2020 would be a once in a 100-year pandemic, you couldn't have seen it. point being, nobody knows what's
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going to be the big issue in 2022. do you anticipate this to be one of the issues, or it's an issue that chem9 cras need -- democrats need to address should they want to keep the house, or it's just too the early to tell some 700 days away? >> public safety is a terminal component in where we're evolving as a society. that being said, when we look at a lot of the down-ballot elections that occurred in the house of representatives, the republicans flipped several seats based on people that were driving towards that defunding police sentiment. there was also a question of possibly losing the senate, and it clearly didn't happen because you had a gross majority of americans that are in favor of public safe few. that -- safety. that being said, the president has to understand that you need to look at this from a universal perspective because the population wants that pluck safety sentiment. -- public safety sent9. therefore, i'm hoping joe biden is fit for the challenge because it's something desperately
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needed for us as americans. blake: darren porcher, good to see you. thank you. >> thank you. blake make meanwhile, there's a pretty big international news that just happened in the last few hours, at least we learned about it in the last few hours. a top nuclear iranian scientist has been assassinated. there are a lot of questions with this, as you might man. let's bring you now to the former national security adviser for the former vice president dick chainny, john hannah joins us -- dick chain gnu. hello, thanks for joining us on short notice. this just happened in the last few hours or, like i said, we're learning about it. the top nuclear scientist in iran asaws may noted. when you heard that, you first thought what? >> oh, it's huge. like, this is fak or hrizadeh who has been the single most important organizer of the
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iranian nuclear weapons project9 for about two decades. he is the linchpin to that project, he is the man who has been running the secret, covert effort to build an iranian nuclear weapon, to put it on top of a missile capable of hitting israel, eventually capable of putting it on a long-range missile to threaten the united states. so this for the iranian nuclear program at least as big as what the american assassination of qassem suleiman gnu, the head of the iranian quds force, revolutionary guard, was to iran's malign activities throughout the middle east. blake: yeah. if this is as big as you say, i guess the next question might me is there anyone who's a natural replacement who would be able to carry out the duties inside iran as it relates to nuclear? >> there may be. there's -- as was the case with
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soleimani and the revolutionary guard, this is no obvious success. that's how central he has been to this nuclear weapons program for the iranians. they've got a cadre of nuclear scientists, maybe eventually somebody else will step up to full husband shoes. but this leaves a wide, gaping hole in the iranian covert nuclear weapons program. it's going to talk them a while -- take them to a while to replace him. blake: fingerers are already being pointed. iran, i don't think -- i would think this was sort of out of the playbook for iran, they're pointing the finger ats israel. there haven't been any comments made by western governments. iran clearly pointing the finger at israel at this point, but what do you think this means diplomatically, and where does it go from here, and what does this mean to the u.s.? by the way, we don't know who may or may not be behind this, of course, i should note that. >> that's right. we don't know, blake.
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but, i mean, there is a long history, the israelis have demonstrated a human capability to operate agents and teams on the ground inside of iran, in the belly of the beast that is unparalleled anywhere including the cia. the israelis a decade ago were responsible for the awe saws nation of a number -- assassination of a number of other iranian nuclear scientists. just two years ago the israelis on the ground had a team that looted an entire nuclear warehouse in iran and got thousands and thousands of documents out of the country -- blake: and i don't want to -- and, john, i don't really want to speculate on who may be behind it, i just wanted to note that iran is saying that at this point. what might this mean, real briefly, for the u.s. and iranian relations? >> well, we've got to see how iran reacts now. whether or not they're going to lash out, this is a huge
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embarrassment, humiliation for them. if they want to try and go after the israelis or even more likely try and exact punishment on the united states in a place like iraq, i think we've gotten to be on very, very high alert that they're not going to just sit back and talk this one. blake: john, i've got to leave it there, former national security adviser to dick cheney, we appreciate it. about 3:55 left in the market before it closes up shop for the weekend. we'll continue to keep our eye as you can see green on the screen, but we're not going anywhere. another hour of "cavuto e coast to coast" coming right back. ♪ ♪ ♪ sofi made it so easy to pay off my student loan debt. ♪ they were able to give me a personal loan so i could pay off all of my credit cards. i got my mortgage through sofi and the whole process was so easy.
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blake: i know what do you think in the market close, what you doing here come over here for another hour, i am blake burman and for neil cavuto, the market closed 18 seconds ago. historic week, stocks finished higher for the day the dow jones industrial average up, s&p 500 up a quarter of a point and nasdaq child 1%. let's bring in susan li looking at the biggest winners of the market for the week, the market closed and were still here a lot
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of action. >> markets are settling up this point as well but a higher close at the end of the holiday shortened session on this friday. let's take a look at the big tech names, if you take a look wall street continues to rotate back into the big tech, most of the month we see them go into value play in the underperformers of the year think of the travel names like the airlines in the cruise lines in the hotels, some of them being down so far this year, however, big tech today so i'll come back every rotation, the amazon, the apple, google, alphabet and microsoft as well. if we could take a look at tesla today, record-breaking week for the electric car maker, we are seeing a rally today despite the fact that you had the news this morning that the transport industry was looking at opening investigation into the suspension issue with the model s and model x anytime we have
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elon musk getting richer taken on bill gates as a world second richest in tesla hitting record high, elon musk's world and we just live in it. another thing i want to highlight is astrazeneca. it looks like the covid vaccine is under the microscope after criticism of omission of the first round of advanced trials, it gave the wrong doses to some participants in the question of efficacy and is it really 90%. bloomberg reports astrazeneca starting a second round as well. let's talk about amazon, amazon stock seen some gains today, it is black friday and amazon says they are donating to the frontline staff $150 for part-time staff to $300 for full-time staff and those of the ones that you see in the stores, these are holiday bullet enter bonuses that are caused about a half a billion dollars, meantime they are facing protest and
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walking off the jobs around the world, that include suppliers in bangladesh as well, we know that amazon has had a blowout year, record profits and they have close to 427,000 so far in the last ten months, that leaves the global workforce to one point to million. blake: it is remarkable when you talk about the world's wealthiest individuals, jeff bezos, bill gates and elon musk up in the stratosphere as well. it's been a remarkable run for him in the company. good to see you. have a good weekend. wall street continuing to monitor all the vaccine news, susan just talked about some of it. president trump same vaccines can be delivered as soon as next week but other top doctors the head of the cdc and warp speed say early december looking at december 11 and december 12 target. is this the top issue for investors right now, that is a lot of them, we talked about him over the last hour, chief strategist jared leavy and
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management rebecca walter. hello to you both. blake: let's start with you jared, what is the single biggest issue, is it vaccine or stimulus or whatever happens in georgia or something else driving the train. >> you can't count any of that out, i think right now top of mind for sure is the coming vaccines, we have three in the works, we know around december 11 and 12th we will start to see vaccines by pfizer which again there will be a little bit of a lag, a lot of americans and a lot of people and folks don't know if they want to be the first one, they want to see how it plays out over the next couple of weeks and make sure there's no adverse side effects when it gets distributed en masse. the sentiment level what i'm talking to folks and doing calls people are feeling good, we could be getting back to normal by spring, sentiment on the
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vaccine front and obviously there is a political wrangling going on but the picture is starting to look more clear, there will still be a fight but it seems as though there is a clear picture then there was a month ago. folks are feeling a good about that and obviously biden does move forward and that's the decision of the way the thing shakes out, there is obviously many chance for his stimulus. a couple little things going on but obviously my moderna, pfizer, astrazeneca, biontech, top-of-the-line. blake: the dow settled just below 30000, is stork mover popped about 30000 for the first time of anytime it any event a great week for the dow, nasdaq at record highs. what do you make of it, bursting through 30000 and yet again another record for the nasdaq. >> i was hoping we could finish up the holiday week with a bang
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at 30000 but we missed it by 91 points. i agree that the vaccines are going to be huge but i'm looking to the holiday season especially today black friday, they're projecting that we will have a bigger holiday increase year over year from what we had last year that was for present to anywhere 3.6 - 5. to is an increase which is shocking for most people because you think a lot of people lost their jobs, they did not have their whole income for the year, tougher business owners so to see the expectation the holiday sales will surpass even into thousand 19 because people are talking about emotional buying, a tough year end looking to make christmas special and count their blessings. let's see if that helps the market, i expect the volatility, i don't expect the election to be solved as everyone thinks so, they are not going to like uncertainty and i think it will come in december and will see a
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lot in december. blake: you bring up retail, we spoke with the national retail federation matthew shea, he sounded pretty bullish on the upcoming couple of months could look like. listen here. >> overall people are getting engaged in the experience and we know the repurpose and a lot of dollars from other sectors of the economy. blake: do you think that will be happening over the next month or so between now and christmas, jared all start with you, the hotel that you might be visiting and might be sitting in right now, the gorgeous view behind you. but people are not spending on the hotel, rental car or the plane flight and they will buy the extra whatever it is for their friends and family? >> there has been a mass diversion, everything is lumped and distorted right now, people have been stuck in their homes, they're not spending on travel, they're not spending on restaurants or dining out, obviously take out but all of that money and stress and rebecca brought it up, were like
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there's hope we want this holiday season to be special and good and i think part of that is redirecting all the funds and granted there's a lot of people without jobs but there's a lot of folks who made a lot of money this year end they're gonna take in redirect those funds to things that make them happy. right now the holiday season is the one time of year where it's easier to smile, yoga cultural social thing going on so i do think this season will farewell, not all of them, we talked to macy's is struggling in a couple of the traditional brick-and-mortar's but i do think there will be a nice influx especially e-commerce and amazon, i'm looking forward to that and i continue to find the retailers. blake: rebecca to you. >> i think we'll have a good holiday season and i hope people go out and visit the
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brick-and-mortar stores as much as they can, i hope they go out and do that, we needed this year more than ever with a lot of stores and small businesses been affected. obviously your online shopping but try to visit because if you don't learn awkward to be there, we need to help retail. blake: the national retail federation put out numbers, when you look at it you say that would be fantastic, be before 5% sales increase, november, december or talking about $750 billion, they say seasonal hiring to be 475000 - 575000 individual workers. but also within that number last year there were 562,000 seasonal hires, they are basically saying if we reach our best expectation it'll be what happened last year meaning if they don't reach the expectation and the numbers will come in lower next year as it relates to workers in stores.
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>> i think we exceed my bet is on five and a half - 6% year-over-year growth and if her looking at the holiday season. blake: what you make about workers, there might not be the same amount of seasonal workers this go around as they were last year? >> there might not be and there is a caveat there, remember, you have this big influx of warehouse and it's not as much of a fun job, were seen folks come in and stocking warehouses for amazon in helping with shipments, i do think that is something to look at but i'm so optimistic, i don't agree with the numbers, the seasonal workers perhaps will not make as much as last year, i think there will be a lot more folks involved, i think we will see it higher in the seasonal workers and that will be a strong area. not on the monetary side but a number of people who were actually getting to do something, maybe not happy in the warehouse or at macy's or jcpenney's but i actually think
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that segment will fare. >> was just hope, i think a lot of people lost their jobs in the have to hire people back and grow. it's a tall order but it can be done and if there's a chance for miracle this is it. blake: we will leave it there, rebeccrebecca walser injured le. >> i am in miami florida, i took a vacation because i cannot take it anymore. blake: i see the palm trees i thought you might be there. president trump saying he's going to campaign for the georgia senate runoff candidates, we heard from the president yesterday, what about his appearance, it could be this weekend, will it be enough to give republicans in the senate the two seats that they need. we'll talk about after the break. ♪
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blake: fox business alert some unfortunate news coming out of magic kingdom disney is increasing the planned employee layoffs for early 2021, they are increasing that by 4000 people. the additional layoffs will primarily affect the company's parks, experience and product departments, the new layoffs will bring the expected total to
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32000 employees. we have been expecting president trump to go down to the state of georgia at some point as we've been talking about an incredibly important senate race, two of them actually and now we know when the president might be heading to the peach state, steve harrigan joins us live from atlanta with the very latest. >> the president originally said saturday, people thought tomorrow it'll actually be next saturday december 5 the president will make his trip to georgia to campaign for republican candidates in the runoff elections which take place january 5 which could determine who controls the senate, we have seen a string of republican senators come here to campaign, there was questions about what role the president will play, it's clear he will be here to campaign at least once or even more, the question remains where will his focus be, will it be on the two candidates in the runoff i to control the
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senate or will it be on his own presidential election, the president continues to complain about the voting process in georgia saying massive fraud committed. >> that's why you have people marching all over the united states, they know it was a rigged election, look at georgia, a lot of things are being found in georgia and there absolutely against showing -- >> the 5 million presidential ballots in georgia are being recounted for the third time, it's a machine recount scheduled today and by december 2, the first to count had joe biden ahead by 12000 votes, that vote was certified by the republican governor. back to you. blake: steve harrigan in atlanta. what about the president's appearance, might it be enough to put the gop candidate over the top. joining is now republican pollster and strategist on thomas and democratic strategist scott bolden. hello to you both, we appreciate it, john let's start with you center the republican, what you make of the upcoming trip, how much if at all.
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>> this is a big deal, the president you can argue a lot of things about the president but what you can't argue is the president knows how to draw media attention and his base. that's what the special election will be all about is cutting through the clutter and explaining to your base, in this case trump's republican base that you must turn out because the whole ballgame is wrapped around georgia, you can be disgruntled about the presidential race, you could be upset about control the house but it's all about georgia and control of the senate if you care about the direction of our country. blake: scott, i'm wondering if you think president trump will be headed down there, i'm wondering if you think the president-elect should be headed down there as well, if he gets two more democrats in the senate which would be the two seats in georgia, democrats would have all the power in washington, should the president-elect make a trip down there?
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>> everybody should go to georgia, whether you're republican or democrat, they're gonna go anyway, the superstars of the party will. blake: we haven't heard the president-elect is going to be headed there. i'm wondering if he will. >> my colleague said essentially, the president-elect will be there, barack obama will be there and all the democratic stars known and unknown will be there because it's for the whole ballgame, i'll say this about republicans, their hot mess in georgia right now, yup some of the leaders saying don't vote, is not reliable, the systems and the machines are not working and they called for the republican secretary of state to resign and some voters don't know what to do and remember there will be less people voting in the selection in the presidential election in donald trump does not attorn out his base but is not on the ballot anymore, he does not have a base, he lost,
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these republican senate candidates are not. blake: hot mess or do the republicans have to overcome a messaging from the president. >> i think that's an exaggeration, frustration yes, donald trump and republicans officials have to communicate to republican voters that while the system is not perfect it's only when we got right now and we cannot completely redo it between now and january 5 when the special election is coming, here's the other good news, yes donald trump is not on the ballot and the reason a lot of low information in propensity democrats voted in november is for one simple reason, orange man is bad, when he is not on the ballot i think it's going to be harder for joe biden to convince his voters to turn out about this complicated scenario about the control of the senate and the power.
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blake: when you look at the two races that have occurred on november 3, the senate races in the first race all soft was up 1.8% and when the second race when you combine all the democratic votes in the republican voter was about 1.9%, it appears democrats are down there by a point maybe two however, you want to look at it, can you overcome it? >> we certainly can because we will throw a lot of money, resources and political down there just like the republicans but remember in the loeffler race what is dog collins going to do i will support loeffler or stay at home, that's a real issue and i think warnock helps soften his race. the bottom line is about getting out the vote, who has a stronger battle game, i don't care about donald trump, it's a ground game and whoever does the best in the runoff will win georgia and win
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the senate. blake: before we go to both of you, the president we heard from him yesterday on thanksgiving and he said the following, he acknowledged that he would leave the white house if the electoral college, certifies joe biden's win. your reaction to that. >> i don't know why were discussing this, the idea that he would not leave the white house if he didn't win is ludicrous, this is a nonstory of course if he doesn't win is going to leave but right now is not willing to concede so he's not leaving until he concedes. blake: why isn't he conceding. >> will get rid of them by january 20. blake: say the word concede for second, the reality is why isn't he acknowledging that he lost. >> he has open legal challenges that he still think he has a shot. blake: does that help you in georgia though? >> i think they're not mutually exclusive, you could do one and the other, he wants to run it
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down and see if he can exhaust all options to save his candidacy and he wants to save georgia, he can walk and chew gum at the same time. blake: jon scott we have to leave it there. >> he has no political bullets left. that would make sense the courts have rejected it, even his own party is conceding for him, we don't need donald trump to concede we just need him to vacate the white house, he finally came out and said he would and now we have confirmation in america move forward without trump. blake: john and scott appreciate you both, we'll see what happens in georgia, have a great weekend. before the weekend, black friday happening right now but americans are looking to spend more money, might it be on cyber monday, what do you do a lot is on the line, do you wait and spend until monday? we will discuss. ♪ ♪
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blake: you probably know there will not be as much door busting on this black friday retail and online sales are expected to set new records, grady trimble has a very latest, he is live in chicago today. >> we started our day at a target which obviously would ordinarily have long lines were doors open on black friday morning, this morning fewer than ten people in the line and that's because e-commerce is where it's at, they are packing online orders and the back part of the store in the front is a retail area, the national retail federation said online sales will be as much as $218 billion that is up to 30% to last year, anthony is the owner and happens to be pitching in helping box
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things, that's him frantically you guys are working, tell me the split, before the pandemic hit and to now, what is your in-store sales versus online. >> or two stores are in chicago in the online sales we were doing 50 - 60% of the back door so online across the country and i would say right now were at 90% online, that picked up to make up for the lack of store sales. >> you fortunately had all this infrastructure in place and you had a system to make those online sales out, what are you expecting this holiday season, are you seeing the surgeon orders on black friday and beyond. >> i would say a few weeks ago it started, they have so many gifts and unique products that people are buying early, i think the message of get your holiday gifts early and shop local and independent has really been taking off and people are latching onto that.
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>> whether if your shopping locally or at the big box stores, you might be wondering what are the best items to buy and what are the ones i should wait on, if you're buying today, adobe says you should focus on appliances and televisions, computers and things like that. if you can wait you should wait to buy things sporting goods and tools and home improvement products will be cheaper after christmas, we are seeing a record number of online sales this year which means there will be a record number of packages being delivered, ups and fedex have reportedly run out of trucks, we are trying to find more to make all of these deliveries, they say right now is not causing any shipments to be delayed but if you can you should order early so that does not happen in spoil your christmas. blake: grady tribble in chicago, down the road to the magnificent mile of shopping not only facing lockdowns but looting as well, jeff flock is on the ground in
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chicago with what it looks like there today coming down the escalator. >> i feel like i should be announcing for president, barely goes pretty well. what can i tell you we have a lot more people here than we did earlier this morning perhaps you see lines inside some of the stores or outside some of the stores double-barreled hit. >> how crowded or uncrowded. >> uncrowded. >> this is history i cannot believe. >> you shopped on black friday before. >> yes i live across the street i'm always here, i come, i look i see the crowds and i don't stay but today is a winner. >> i don't want to get in the way of your shopping.
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thank you very much. >> i can't say any more than that, you do see lines but this is mainly because of capacity restrictions, you can't have too many people in the store once, this is pink victoria's secret thing, whatever but at any rate the crowds certainly are less today quite clearly then they would be on a typical black friday and this is the mecca of shopping in chicago. this is a double barrel hit for chicago in the magnificent mile because of the looting that took place in addition to the covid concerns. there you have it, black friday if you like to shop and don't like crowds today might be your day. blake: if you were in television for all the journalism school students that's how you do a black friday live shot. i'm sure you did a bunch of your career, we've all done it you work on black friday and do them all shot, i wondered how bizarre it is for somebody was done so many of these to see them all
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like that on black friday. >> especially here it is like the thing you do when you're little kid, here's the church and here's the steeple, opened the door and where's the people, this is the church of shopping in right now not a lot of people in attendance. blake: of it's going to be like that today you wonder how it's going to be over the next handful of weeks, jeff flock in chicago. i appreciate it. one of the reasons because we have that, the massive shift of digital this black friday, what might this mean for cyber monday, let's ask retail analyst and strategic resource group managing director, hello to you both, i was wondering normally if you want to go to the store you go on black friday and you order online on cyber monday but there is so much ordering online
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this year, what do you do comedy order today online or do you wait for cyber monday. what would you recommend? >> again it depends on what you're ordering, traditionally black friday is more of the home goods apparel, probably not so much this year but as you move into cyber monday it was more electronic in those types of things. before it was very items to entered specific. this year is pretty special, you're pretty safe in doing all of your shopping earlier rather than later and that is just for the deals because the deal 30 started in october and their continuing through the entirety of november into december but because of that there is a demand on shipping, we have the vaccine being released at the same time, ups and fedex will work on that and priority, just get your stuff and get early.
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blake: same question to you, you're sitting there and wondering when i should click purchase. >> it should be today, the important points that she reference, shortage of drug tru, drivers, promotional product because the brand manufactures and resources can't keep up with covid, there's a shortage of credit and liquidity were 50 of the leading chains over the last 14 months have filed for bankruptcy or liquidation even when they have the money and paying him 30 days or spending payment turns to the vendors and the vendors don't want to give out inventory in your key poin points, people were learning yesterday, thanksgiving day and ordering today and walk friday for the first time in history, to grady's good reporting could
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be less than $7 billion for the entire day compared to the cyber monday it will be over $11 billion but a lesson should be learned of ali baba, 55 million and monday were amazon prime was 11 billion in two days, lesson learned, u.s. retailers and european retailers should be smart enough to have a single stay, not just once a year with ali baba about once every quarter, every 90 days, every quarter is cyber monday. blake: one quick question to both the view, order early because there's truck issues, what is drop the date that you tell someone you want the present under the tree. >> for regular shipping it should be december 11, through willing to pay expedited charges, you can push a few more days.
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blake: you agree with that? >> december 3, as aaron referenced the night in the day december 10 - 11. blake: good to know, aaron burke, thank you very much, good to hear from you. still the come on cavuto "coast to coast", over the supreme court blocking his covid restrictions on houses of worship. the details coming up next. ♪
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blake: taken a live look at the big board as we've been close to trading for 40 minutes but a remarkable week for wall street, the dow busting through the 30000-point historic milestone close just to take low that, the s&p 500 and the nasdaq closing in record territory, that is one story as it relates to your
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money, 401k, investments, et cetera. what is happening with the economy and hundreds of thousands of people continue to apply for unemployment this week, numbers we have seen for weeks into months now. with that the lines at food banks and shelters across the country on thanksgiving were longer than ever. fox news alex hogan has the very latest. >> many people are enjoying thanksgiving leftovers but one in eight americans did not have enough food this past week, many more people are having to go through the emotional decision and stress of visiting a food bank for the very first time, layoffs and furloughs causing more people to make their way to lines this holiday. >> there's a lot of folks who were on the margins of the beginning of the pandemic and this only push them further to the margin, people are very isolated this year and in need of care. >> they serve 1200 thanksgiving
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meals closing an entire street to set up socially distance tables, now albuquerque new mexico massive lines added giveaway drive-through, one of three children in the state have been rid of hunger this year, the crisis around the country. >> is very, very hard and course with the pandemic and the loss of jobs and finances and stuff like that has made it very hard this year for people to go out and afford to buy these groceries for this day themselves. >> rhode island community food bank finding 25% of people cannot put enough food on the table for their families compared to 9% last year, and california bay area food bank that previously served 1400 households now holds about 4400 homes. according to feed america, 80% of food banks are serving more people in some of the food banks are edging toward food clips
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meaning they don't have enough food or funding and they're worried they may not be able to stay open come next year. blake: alex hogan in new york city and seen this all over the country. thank you. the supreme court blocking new york's coronavirus restrictions limiting the size of religious gatherings, the governor, cuomo firing back. >> it's irrelevant from any practical impact because the zone that they were talking about has already been moved so i think this was an opportunity for the court to express its philosophy and politics. blake: reid wilson on the fallout from this. what is the practical meaning or
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fallout whatever happens going forward with this, what is the supreme court decided what does it mean for new york and around the country. >> a lot of stakes by democratic governors have implementing these restrictions and hope of stopping the spread of the virus, this is the first time the supreme court is saying well andrew cuomo you went too far in restricting the size of the church gatherings. cuomo is correct there will not be any immediate practical impact from this because the two things that the court struck down have already been lifted in some parts of new york state but this ruling is something the other plaintiffs in other states or other parts of new york state can go to the court and say the supreme court just said cuomo went too far on this, whatever restriction is in place in our area looks like the same thing in the court might say yes the supreme court has signaled this is a restriction too far, this is a balance between what rights do we have and what is the benefit of more public health in
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the court has now said that in this instance governor, went to far in restricting attendance at organizations. blake: here was the majority ruling, even a pandemic the constitution cannot be put away and forgotten, they go on to write the justices who sided with the argument, the restrictions that issued by bahrain many from religious services strike at the heart of the first amendment guarantee and that's one argument that we heard from justice gorsuch that said why can't you go into a church or temple or synagogue but you can go into the liquor store next door. >> good point, that's the balance that a lot of these governors are trying to strike, at what point are you going into a place where you're more likely to get the coronavirus or the virus is more likely to spread, and a lot of the early cases they were evidence of super spreading events at religious organization specifically, there
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was one that sticks out, a choir practice at a church north of seattle where a couple of dozen people ended up getting it because they were singing and if you're singing loudly your admitting respiratory droplets and maybe spreading the virus, this is a really tough tight rope for governors to walk how do you respect people's rights but stop the spread of a horrible virus that's killed a quarter of a million people. blake: i want to let the audience know there's been a rolling by a federal appeals court within the last minutes as it relates to president trump's legal battle in the state of pennsylvania throwing out the lawsuit, in part, the campaign's claims have no merit, the number of ballots specifically challenges is far smaller than the 81000 vote margin of victory and it never claims fraud for that any votes were cast illeg y
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illegal voters. it seems like this is the end of the road legally for the president in pennsylvania. >> it sure looks like it, important to remember the judge who issued the ruling is a pretty stinging rebuke of rudy giuliani the president's lawyer the judge to issue that was an appointee of president trump. you can imagine the term campaign just isn't presenting evidence with these elections. blake: we will see if the campaign trump tries to take it to the supreme court and if the supreme court would take it up at that point. thank you, have a good day. meantime coming up on cavuto "coast to coast", shoppers can help the struggling retail industry on small business saturday. ♪ it's still warm. ♪
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i think we might've had him, do we have him back? alfredo, he is frozen, do you hear me? i don't think we have him, bottom line tomorrow is small business saturday, we will try to get him back, 1:52 p.m., stick with them, will help to get about, cavuto "coast to coast" returns. don't worry, julie... coughing's not new. this woman coughs... and that guy does, too. people cough in the country, at sea, and downtown. but don't worry, julie... robitussin shuts coughs down. adapting. innovating. lsetting the course.
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but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward-thinking solutions. and that's what we deliver. so bounce forward, with comcast business.
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blake: told you we would get alfredo ortiz back, he joins us by phone, important because these the head of the job creators network, tomorrow small business saturday, we know about black enter black friday, cyber monday, give us your pitch as we have the last few minutes headed into the holiday weekend. >> think in happy post-thanksgiving, you're looking at a great one. bottom line, small businesses, they desperately need help, cash is key and cash is running out, the pay checks protection that help save 51 million jobs, that is gone in these small businesses needed, small business saturday is the most important small business saturday that is ever really happened and we need customers to go up there and take some of those dollars using from amazon, focus on the small businesses that are local and independent
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and give him some cash because that is a big issue in small business cannot wait for the typical political process to make its way and they cannot wait until february for this to happen. they will not make it that long. blake: we saw from grady trimble a business i have pivoted and went online 50 - 60% of their business now 90% of their business, are those doors going to be fine going forward but also on the flip, what about small businesses that haven't been able to make the move online. >> those that have not been able to make the turn online importantly those that have the infrastructure already will be okay and survive and make it through breakeven but cash is key and i'm honestly concerned about everybody in the hospitality industry when you think of restaurants and hotels, look at new york, earlier on using the coverage of chicago, where you were in washington, look at rockefeller center, have
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you ever seen rockefeller center the day after thanksgiving with nobody in it. it's unbelievable in the big businesses quite frankly the bigger businesses, the amazon, it's great and i know you had the retail federation and making 5% growth rate overall which is fantastic and we love to hear that but that is mostly going to be from the amazons of the world. blake: what about small businesses, we have 50 seconds, is it going to be green or red for small businesses this holiday season. >> i see is going to be read and that's why we need congress to act, it's unbelievable there is $151 billion of money that is already been passed and because of politics on both sides we cannot get that extended, small businesses have run out of cash and they need it now. blake: alfredo ortiz, best of luck tomorrow for small business
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saturday, glad we got to end. as we leave cavuto "coast to coast", i want to give you one last look, once again world records on the quarter, the s&p 500 and the nasdaq, record-breaking territory today, i hope you have a great weekend if cavuto allows me back i'll see you at the white house on monday. have a good one. >> from the fox studio in new york city, this is maria bartiromo wall street. maria: welcome to the program that analyzes the week that was in help you position yourself for the week ahead i am dagen mcdowell in for maria bartiromo. coming up in a few moments maria sits down with the former ceo of chrysler in home depot, bob nardelli, what he says will drive the economy heading into 2021 and how ceos are planning for the new year. she will also speak with the ceo of men's clothing company led barry on the changing retail landscape this black friday and
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