tv After the Bell FOX Business December 11, 2020 4:00pm-5:00pm EST
4:00 pm
think the market is somewhat range-bound until we get some of that knowledge before we can move forward. >> bell ringing] >> liz: good advice, chris, thank you very much we are still waiting on the fda to give that approval for the emergency use authorization, and that could come at any moment. stay tuned, but for now, it's a mixed picture on this friday. connell: we're waiting on that final approval to come from the fda it's expected a green light the emergency use of pfizer's covid-19 vaccine, could happen certainly within a matter of hours if it does happen we'll tell you right as soon as it comes out now the lack of stimulus seemed to hit stocks today. we'll off the lows as we close things out though the s&p and nasdac are firmly in the red the s&p down about 4.5, the nasdac 28 and the dow though closes above 30,000, and racing earlier losses in the process to finish up by 47 points and that's all disney, the company leading the dow big time in fact disney was responsible for about 135 dow points to the upside, so
4:01 pm
without disney's gain of more than 13% the dow would have been lower today strong subscriber growth for disney plus reported last night and this stock gained for disney is its best since march, closing at $175. well what a day for disney. now the major averages all are down for the week. the dow, the s&p snapping a two- week winning streak. it was a three-week winning streak for the nasdac, that comes to an end today, so a lot of red there for your weekly markets, but it's good to be with you on friday i'm connell mcshane, welcome to after the bell it's time for the news that's happening at this hour. we have fox team coverage blake burman at the white house, gerri willis in new york, mike tobin in kalamazoo, michigan outside of pfizer's manufacturing plant and chad pergram coming up with capitol hill but blake let's kick it off with the latest on the vaccine? >> well the optimism, connell of the immediacy of pfizer's covid-19 vaccine continuing on this day as the top leaders over
4:02 pm
at the fda, dr. steven hahn and dr. peter mark said the following in a statement today saying they have informed the sponsor that it will rapidly work towards finalization and issuance of an emergency use authorization. the agency has also notified the cdc and operation warp speed so they can execute their plans for timely vaccine distribution. now, a source familiar with the process told me earlier today that there is a belief that the fda could give emergency use authorization on saturday, meaning tomorrow. now the fda, we should note, has not yet set a timeline for an announcement, but the h hs secretary alex azar said earlier today that the first doses could potentially be going into the arms of americans on either monday or on tuesday. >> at this point, it's really a matter of working out some of the final details, dotting the i's crossing the t's getting the fact sheet for the doctors so really within the next couple of days it ought to come out and we'll start
4:03 pm
having pfizer ship that vaccine to where the governors have told us. connell: it could be an incredibly important week next week, connell because the first 2.9 million doses of pfizer's vaccine could be getting out there within the upcoming days but also keep in mind we're just six days away until next thursday when the fda also takes up another vaccine candidate that being moderna. connell? connell: we're moving, blake thank you. speaking of moving go from washington to kalamazoo, michigan which is home to a giant manufacturing plant mike t obin is there as the country waits on the rollout of the vaccine. mike? reporter: connell, if the emergency use authorization comes tonight or if it comes tomorrow, it'll only take 24 hours for millions of doses of the vaccine to start moving out of this massive facility here in kalamazoo, michigan and there's also another one in please about prairie, wisconsin. 2.9 million doses can start moving right away. half of the supply needs to stay in storage, cold storage because
4:04 pm
the pfizer vaccine requires a follow-up shot. trials showed one shot was 50% effective at fighting the virus, a second shot proved 95% effective. officials one thing they are stressing now is although we do see a light at the end of the tunnel, we're still not out of the pandemic. >> it means we can see the end of the pandemic. it's really in our sight, with 20 million people being able to be vaccinated in december, 30 million in january, and another 50 million in february, just with the two vaccines we know about now, pfizer and moderna we know the end of the pandemic is in sight but we still have a lot of work to do until most people can get vaccinated and the pandemic goes away. reporter: ups and fedex will be handling the very sophisticated super-cold shipping chain getting it out to the points of use. once a vaccine ends up at those points of use the states will have control over who gets it but the priority is going to healthcare workers and at-risk populations like people in
4:05 pm
nursing homes. back to you, connell. connell: all right, mike, mike tobin, kalamazoo, michigan for us today. one thing is for sure wie need this vaccine to start rolling out and do so as soon as possible. the u.s. recording the second- highest number of both newly-reported cases and covid-19-related deaths in a single day. hospitalizations again hitting an all-time high and for the first time, more than 21,000 patients are now currently in intensive care unit s because of the coronavirus the cdc director warning that the country's coronavirus death toll per-day will exceed that of 9/11 or pearl harbor for the next two to three months , there are now restrictions across 45 states, most recently we have the announcement from new york city, banning indoor dining at its restaurants that will start monday, miami begins enforcing a citywide curfew from midnight to 6:00 a.m. that starts this weekend and will be in place until further notice, as we welcome in dr. nicole saphier right now the fox news
4:06 pm
medical contributor. let's talk about all of this. first on that, you know, we talk about restrictions all the time, dr. nicole. what do you tell your patients, friends, family about their own personal responsibility, how they should be handling themselves because what we learn from the data is that most of the transmission now is when people get together right? if it's their homes or some sort of a social gathering. are you simply telling people to avoid each other or what kind of advice are you giving out? >> well, connell, the truth is, everyone has covid fatigue at this point. we are going on close to a year of dealing with this pandemic and unfortunately, a lot of people are starting to let their guards down, as we get into the winter months and we have such a drastic rise in cases and hospitalizations and even deaths it is even more crucial now than ever that we do what we can to lessen the transmission and as you said, it is a small social indoor gathering where we're seeing a lot of the viral transmission occurring, but not just in the people's comfort of their homes also at work. when you look at the restaurants
4:07 pm
and talk about the cases in restaurants a lot of it is from the staff and why is that? that is because the staff congregate in the break rooms and take their masks off because there's a level of familiarity and comfort there so at this point going forward, i think the safety thing is we all need to think that we have the virus and everyone else around us does too. bottom line, this is going to be a very difficult couple of months. the light is definitely at the end of the tunnel with all of the vaccine news happening right now, but we really have to be careful in the next couple of months because there are several regions across our country that the icu's are stretched thin and we don't want to start see ing those excess deaths because there aren't enough beds connell: we're already seeing so many per day and you're right about the icu capacity which is the big concern for these local leaders. you're also right about the vaccines though. we've talked a lot about pfizer, and the rollout with this fda approval maybe coming in the next few hours, maybe comes tomorrow whenever it comes as blake said earlier by monday or tuesday, you're going to see
4:08 pm
vaccinations most likely here in the united states. any concerns about the rollout or is it all optimism from your point of view? >> well nothing is going to be smooth. there will be hiccups along the way when you try and mass- vaccinate millions of people with a brand new vaccine and one that requires such intense cold storage but let me tell you through operation warp speed they have been doing drill s for the last month to make sure that it is a smooth as rollout as possible, as you know pfizer has said that we're going to have 25 million doses by the end of 2020 for americans and seeing as there are two injections needed that's 12.5 million americans who will be vaccinated with the pfizer vaccine, but right around the corner, next thursday, on the 17th, the fda committee is again meeting about moderna and moderna has also guaranteed tens of millions of doses by the end of 2020 for americans everywhere and this is incredible news. i want people to not have anxiety with it. ultimately it's up to the states
4:09 pm
where the vaccines go and as you mentioned, it's going to be the nursing home residents, their staff and the high risk frontline workers to make sure these people are protected because as we know, nursing home residents are disproportionately affected and they have significantly more deaths than the nursing homes than anywhere else and the nursing hope deaths , unfortunately, are on the rise again, and despite the fact that we know that they are vulnerable, so we really have to do what we can to protect these people. connell: its been an awful problem that started for so long here in new york in the nursing homes and spread to other parts of the country as well. you know, after it gets through that period, i want to say dr. nicole that's the easy part but getting into the nursing home patients and frontline workers we know everybody will try to do that and then what? a free for all i know they have it setup but i don't know if people check id's when people come into get the vaccine in terms of who gets it next, you know? >> well there's a lot more information. there's going to be changing
4:10 pm
constantly and the cdc will continuously put forth their recommendations as of right now we do nursing homes, frontline healthcare worker, further then we'll have more high risk individuals say those that are over 65 or over 70 and the general population and so forth. you really aren't going to see where people are just randomly going to their cvs or walgreens where anyone can get a vaccine probably until late springerly summer but the good news is by that time we'll have protected a lot of the vulnerable and a lot of our frontline workers which is crucial to getting us through these difficult times. connell: yes it is as always we thank you for your time dr. nicole saphier talking about the vaccine and the virus now of course we do have a lot of problems but at least a government shutdown tonight is not one of them. congress able to avoid the shutdown with a stopgap spending bill, also passing a defense authorization act. still they are stuck on covid relief we haven't seen any movement and fox news congressional correspondent chad pergram joins us with the update
4:11 pm
such as it is from capitol hill. chad? reporter: good afternoon, connell you're right they did avert a government shutdown and the senate approved a one week spending interim bill and the problem that remains on the table they are still far apart trying to get some sort of an arrangement on a coronavirus package and the senate majority leader mitch mcconnell says one of the biggest sticking points continues to be a push, mostly by democrats, money for state and local governments. >> small businesses need saving right now. vaccine distribution networks need funding right now. none of that should be held hostage over inter-governmental bailouts for states currently raking in revenue faster than they can spend it. reporter: there's a bipartisan effort by independent maine senator angus king and gop south carolina senator lindsey graham and the issue tends to be whether they can get some agreement on liability protection that's something that mitch mcconnell has pushed and something that chuck schumer,
4:12 pm
the democratic leader says he doesn't want to go there. >> we need to come together. we need to get something done. the american people deserve an outcome, and it's not going to happen if the republican majority insists on getting 100% of its partisan demands. reporter: the other thing they did here on capitol hill is they did work out on agreement to pass the defense bill, the annual defense bill. they did so with a veto-proof super majority, the vote there was 83-13. president trump has threatened to veto that piece of legislation. you need two-thirds to override a veto president trump has never had had one of his vetoes overridden. we don't know when he will veto or follow through but an override attempt won't come until next week at the earliest probably later this month. connell? connell: chad pergram live on capitol hill and now a fox business alert. we've learned that california is now seeking to join that justice department anti-trust lawsuit against google, the department
4:13 pm
along with a group of 11 state attorneys general alleging that the company uses anti competitive tactics to preserve a monopoly for its search engine and ad business and what's significant about this is california be the first democratic-led state first state with a democratic governor to get in on this case. all right the major airlines already preparing for holiday travel and now, taking on something of a new role. vaccine distribution. we're live, from two different airports with the latest on that coming up plus a shipping crunch for christmas, a message from retailers to customers that might at least help you save a little bit of money, and businesses across the country facing an unexpected tax hike, including one distillery in illinois where we find grady trimbul today. grady? ♪
4:14 pm
smooth driving pays off you never been in better hands allstate click or call for a quote today to syour body needs routine. system, centrum helps your immune defenses every day, with vitamin c, d and zinc. season, after season. ace your immune support, with centrum. (teen) ♪ mom... it happened again. (vo) add some thrill to your wish list. at the season of audi sales event. this holiday, get the phone everyone wants on the 5g america's been waiting for. verizon 5g is next level. switch now and save $700 on galaxy s20 plus 5g
4:15 pm
and get another on us. plus, select unlimited plans include disney+, hulu, and espn+. 100% obsessed with "the mandalorian." (man) i watch a lot of sports. (woman) it has all my favorite shows. and right now the best in gaming is also on us. it's like a gift on top of another gift. gifts keep coming at you. everywhere. this is 5g from america's most reliable network.
4:17 pm
connell: let's look at the airlines they are a big part of vaccine distribution and of course also getting set for the christmas travel season, and most companies are implement ing safety measures for their passengers and becoming transportation partners with the vaccine distributors so we have phil keating at fort lauderdaleer dale airport and
4:18 pm
casey stegel, at dallas fort worth. phil, let's start with you. >> they are giving them piece of mind the holiday travel season is now, day two of hanukkah and two weeks to the day until christmas and as was the case for thanksgiving week, health experts are very concerned that this travel increase in travel is going to result in covid spread state to state and around the country but for passengers here at the fort lauderdaleer dale hollywood international airport, who are going to fly, but want to arrive proven negative well they can now do an on-site test, two one for rapid antigen test and a pcr test but right now all the big anticipation in florida and nationwide is about the vaccines. only five florida hospitals will be getting the first round of vaccines. miami's jackson health system being one. they've now got the deep freezer s ready to hold it and acknowledge just organizing and
4:19 pm
preparing to deliver vaccines to the people is a major challenge. >> you're managing big numbers and trying to figure out how many people will take it, how many may not, how many may wait for the second round, and then, we have to coordinate not only obviously the storage is a big challenge but the doses of the vaccine arrive. reporter: practically every state is seeing surging new covid cases right now, yesterday florida saw 11, 300 new cases and that is the highest one-day number since the summer surge back on july 25, bringing the state's known total now to well-above 1 million positive coronavirus cases. now, that big one-day total yesterday, that was the highest number in florida in four and a half months and it's possible that was related to the thanksgiving travel because this is the week when the
4:20 pm
experts warned we might start to see the effect. connell? connell: right, a little lag in that. phil, thank you. phil keating. let's move from florida to texas and casey you've been looking at the airlines as well and the role that they have whether it's distribution or transportation of the vaccine, right? >> that's right, connell and getting this vaccine from point a to point b frankly is going to be a very carefully- choreographed and rehearsed chain of events with an awful lot of participants and they've been doing trial runs and practicing for this moment waiting for the fda approval. pfizer says, however, that companies, like ups, fedex, and dhl will fly the initial doses to designated airport hubs across the country, and then just like your holiday packages, only obviously a whole lot more important, the precious cargo is then loaded on to vehicles and taken to the awaiting point-of-care locations or the
4:21 pm
dosing centers right into the arms of the very first americans. >> we've informed all of our drivers across the country what's in those boxes and how important it is, and so our goal is to have 100% accuracy in delivering those. reporter: now we've been talking an awful lot about this but pfizer's formula has to be kept at 96 degrees below zero so large freezer units or farms like this one at the fedex headquarters in tennessee will be used. specifically engineered packag ing has to be implemented, and then as we're talking about the commercial airlines playing a role in this , they will be distributing some vaccine; however as we've been talking about with these very stringent temperature requirements with the pfizer dose, there are some limitations when it comes to flying that cargo with large amounts of dry ice and things
4:22 pm
like that, with passengers on board, so the airlines, we're told, the industry as a whole, will play a larger role with the , when it comes time to distribute the moderna vaccines and johnson & johnson and some of the others, if and when those are approved, because they have less stringent requirements for transportation. connell? connell: we're learning so much about all these things, things you wouldn't think of, casey thanks, dallas/fort worth. so with the surge we're seeing in cases really across most of the country, clorox wipes now are still at high demand. the company is saying that store shelves likely won't be fully- stocked with the popular disinfected wipes until midway through next year, marking the third time this year the company is now pushed back the timeline for easing the nationwide shortage that's been in place. at fisher investments, we do things differently and other money managers don't understand why.
4:23 pm
because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you high commissions, right? we don't have those. so, what's in it for you? our fees are structured so we do better when you do better. at fisher investments we're clearly different.
4:24 pm
there's an art to listening. it's the ability to hear more than what's being said. to understand the meaning in every pause. and to be able to offer the answers that make someone feel truly heard. i understand, let's get started. that's what you get when you talk to a dell technologies advisor. some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen
4:25 pm
now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription drug coverage in one convenient plan. from humana, a company with nearly 60 years of experience in the healthcare industry. you'll have lots of doctors and specialists to choose from. and, if you have medicare and medicaid, a humana plan may give you other important benefits. depending on where you live, they could include dental, vision and hearing coverage. you may also get rides to plan-approved locations; home delivered meals after an in-patient hospital stay; a monthly allowance for purchasing healthy food and beverages; plus an allowance for health and wellness items. everything from over the counter medications and vitamins, to first aid items and personal care products. best of all, if
4:26 pm
you have medicare and medicaid, you may qualify for multiple opportunities throughout the year to enroll. so if you want more from medicare, call the number on your screen now to speak with a licensed humana sales agent. learn about humana plans that could give you more healthcare benefits. including coverage for prescription drugs, dental care, eye exams and glasses, hearing aids and more. a licensed humana sales agent will walk you through your options, answer any questions you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare.
4:27 pm
connell: all right it's kind of a make or break moment for many business owners around the country as we've been talking about and now we have yet another challenge for some of them. this one is particular to distilleries. they are facing the possibility of a 400% tax hike that could go into effect within weeks and grady trimble is in evanston, illinois with that story and what it could mean for consumers . grady? reporter: connell this is something that has been over shadowed by coronavirus aid talks in washington but it is top of mind for especially the smaller craft distillerys across the country so their taxes could sky rocket 400% on january 1 if congress doesn't act and that's because about three years ago they got a tax break, along with a lot of american businesses, because of the tax act that was passed back then, but a key provision of that is set to lapse and if congress doesn't extend it that's when they could see taxes
4:28 pm
keys taxes increase five-fold. paul helecto is one of the craft distilleries in this country, so tell me how this would impact you specifically, as well as a lot of smaller distilleries across the country. well as a small distillery, a few spirits, it's a huge major deal to us. it's going to stop our ability to hire more people, it's going to reduce our ability to invest in more production, it's going to make our ability to use american-made glass and hire american truckers and really help to contribute to the economic fabric of the entire country. reporter: this couldn't come at a worse time especially for a lot of small distilleries that rely on the tasting rooms and those are closed and you add the tax on that and that's a deal breaker. >> it's an absolute killer, a lot of us rely on the tasting rooms, it hurts and at times
4:29 pm
like these when there's so much economic uncertainty and destruction across the country and across the world, it's really hard to take, and i know here and a lot of other craft distilleries around the country a lot of us banded back in march and april to make hand sanitizer and our community needed us and we asked what we can do for our country and right now we're asking for the country to step up and help take care of us now. reporter: in terms of the consumer impact, people who like drinking craft spirits and beers and even craft wine, this is eventually going to impact our pockets too right? >> absolutely we could try to take some of the tax at some point but at some point taxes go up and prices go up and people should expect to pay more for their whiskey. reporter: we thank you and we wish you the best of luck by the way connell this is something that has bipartisan support in washington. they just need to do it in the next couple of weeks to prevent this and how you heard there, how it'll impact all of
4:30 pm
these distilleries. connell: yeah, maybe people will pay attention to your reporting today because you're right the way you started saying this is overshadowed people weren't paying as much attention as they should have been grady trim trimble out in illinois, new york city meeting a grim milestone in the homeless crisis in the city and it comes as one former democratic presidential candidate is reportedly planning to though his hat in the ring and run for mayor of new york, more on all of that coming up next plus a growing number of retailers warning shoppers of a deadline for buying and sending holiday packages, you have to stay on top of this type of thing especially this year buying people presents and a major test virgin galactic will carries out it's first space flight from spaceport america in new mexico. the company preparing for commercial flights next year and this launch was originally set to take place in november, but it faced a month-long delay, because of covid restrictions so that's something to look out for this weekend, we'll be right back.
4:31 pm
♪ we made usaa insurance for veterans like martin. 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 usaa. what you're made of, we're made for. one of the worst things about a cois how it can make you feel. but, when used at the first sign, abreva can get you back to being you in just 2 and a half days. be kinder to yourself and tougher on your cold sores.
4:32 pm
if you have postmenopausal and a high risk for fracture, now might not be the best time to ask yourself, 'are my bones strong?' life is full of make or break moments. that's why it's so important to help reduce your risk of fracture with prolia®. only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva®. serious allergic reactions like low blood pressure, trouble breathing, throat tightness,
4:33 pm
face, lip or tongue swelling, rash, itching or hives have happened. tell your doctor about dental problems, as severe jaw bone problems may happen. or new or unusual pain in your hip, groin, or thigh, as unusual thigh bone fractures have occurred. speak to your doctor before stopping, skipping or delaying prolia®, as spine and other bone fractures have occurred. prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. don't wait for a break, call your doctor today, and ask about prolia®.
4:34 pm
connell: here is the fox business alert, oracle one of the best known companies in silicon valley has just made it official that it is moving its corporate head quarter, won't be in the bay area anymore, instead it'll be in austin, texas, quite an announcement from oracle steve forbes joins us the forbes media chairman, so, i guess larry ellison is leaving redwood city, california which they are still going to have a location there like a hub but
4:35 pm
they will make their corporate headquarters officially austin, texas, following in the footsteps of a number of other people i guess including elon musk. what do you make of this move which was by the way buried in a filing that we just discovered. >> well it's a good thing to find that filing but it underscores, connell, what's happened to california. they've done everything possible to drive businesses out of the state, small businesses all most of them wish they could have a better environment or move out of the state. you saw what toyota which how california would have been a natural headquarters and was for decades a couple of years ago they moved to texas. you mentioned elon musk and now oracle is moving as well. the signs are very clear. california is driving businesses away, they are still heavily- dependent on the valley but they continue this adverse atmosphere creating high housing prices, destroying their water resources, bad fire management and the like, and by golly, california should be eutopia is
4:36 pm
becoming an economic waste land, talk about paradise loss that's california and new york had better take notice they are already making noise about raising taxes even if they get a federal bail out. when will they wake up, create a bad atmosphere, people are going to go, hello. connell: we've had this conversation for years and you're right to bring up new york because we talk about it with both of those states, technology in california, financial services i guess is your best example in new york the wall street firms as well, they will never leave, people need to be here, they need to be near each other maybe we've learned from the pandemic that that's not necessarily always the case, but when it comes to technology even if you argue yeah, we want to be close to each other and collaborate austin texas can make a pretty good case for itself its been doing that for years and years that it's a hub in its own right for technology companies may turn into a bigger one now. >> that's right, and what made silicon valley unique combining entrepreneurs and the academic area of great scholars and the
4:37 pm
like, phd's they can recreate that and in austin texas that has been growing other regions of the country are growing as well. there's no monopoly on brains and opportunity and if you create bad opportunity environment, guess what? they will relocate. you saw with the auto industry, decades ago, when all these foreign manufactures came to the u.s. , normally would have gone to the midwest but the combination of bad taxes, union rules and the like they all went south. hundreds of thousands of jobs are now in the south in the auto industry, detroit and others blew them away years ago. connell: the other thing oracle by the way said in this filing is a lot more remote working they will make it much more, much easier for people to be flexible and that's what we've talked about and a lot of big companies i think going in that direction as well, that some of the stuff really is permanent especially in technology, right? how important is it for you to see people as you work in an industry like that, what's your view? >> well you have both. you get brainstorming, you can do it online, but also you have
4:38 pm
to interact with people and once we get these vaccines to combat the virus i think you're going to see more human interaction again but people want a benign environment where there are activities they can focus on the activities at hand instead of worrying about getting crushed by regulations, taxes and a hostile government that's what california did that's what new york is doing and why nasdac is still making noise and moving to texas you go where the opportunities are. capital which is people and money go where it's welcome and stays where it's well-treated. new york and california, new jersey, illinois and others haven't learned that lesson yet, and they're hurting and that's not good for the country as well connell: there's a big mayor's race coming up in new york city and it will be interesting. for one thing the reports say the last few days that andrew ya ng might get in it the former presidential candidate, and a number of other names out there as well and it comes for one thing as i mentioned before the last break
4:39 pm
the homeless crisis in the city is getting worse actually just hit a record level, so all of these issues about the city, you have some run of the mill politicians that have been around forever and ever that are running for mayor trying to succeed bill deblasio, but then you have new names like andrew y ang or this ray mcguire from citigroup what are you looking at in terms of the mayor's race and how important it is in new york. >> well it's critically important because of what they do in the next four year, eight years is going to determine whether new york remains a premier city, by recreating a good environment as rudy giuliani did back in the 1990s. new york was on its back in the 70s and 80s nearly went bankrupt, had to have their finances controlled by an outside board. that may happen again, and so yes, this race is critical. andrew yang, i didn't agree with him on his income proposal but if he's got good ideas people are willing to listen and you'll see it in california, you start to see that in the last elections in terms of referendum s and congressional
4:40 pm
races people are in a mood and they want new people who can do positive things so new yorkers are right for an outsider who can make changes to get the city back on its feet again. connell: i'm sure that universal basic income would at least come up in the campaign, but we'll see. interesting if he gets in be a different voice. he does have a background in business as well. >> that be a good thing too. connell: it is tough for them and now no more indoor dining. they are closing it down again. >> ridiculous. connell: have a great weekend, steve forbes. on a bit of a lighter note speaking of lockdowns, moving from lockdowns to really a booming business, this is going to be great, in a few minutes we're going to talk to a 12- year-old. a 12-year-old named madeline baldwin about how her love for charity helped to launch her very own jewelry business there she is coming up, launches her own business, 12 years old in the middle of a pandemic, madeline you're coming up, next. ♪
4:41 pm
sofi made it so easy to pay off my student loan debt. (chime) choosing sofi was literally one of the best decisions i could have ever made because it gave me peace of mind. ♪ to syour body needs routine. system, centrum helps your immune defenses every day, with vitamin c, d and zinc. season, after season. ace your immune support, with centrum. ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn. i feel hopeful about the future now. ♪
4:42 pm
adapting. innovating. alsetting the course. 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.
4:44 pm
connell: all right here is the fox business alert just in the u.s. government is buying an additional 100 million doses of moderna's covid vaccine, moderna stocks up 3% and after-hours trading, so the company says these particular doses of the vaccine will be delivered in the second quarter of next year so they had
4:45 pm
an option in their contract to buy these doses the government has exercised that option 100 million and they retain an option to purchase an additional 300 million doses of the moderna vaccine. still waiting, by the way, on the fda approval for pfizer, moderna to come after that, but stock is getting a pop on this news. now, this should be a fun story we told you about it a few minutes ago. student by day, entrepreneur by night, a 12-year-old named madeline baldwin was looking to have some fun, also looking for some safe things to do during the pandemic and relation ized she really loved fashion and charity, and could turn a crisis into a booming business opportunity, and now her online jewelry shop which is called maddy's bling shop has become quite the hit madeline joins us now in wendell, north carolina via skype, so it's great to have you on the show, cool usa jersey and i want you to start at the beginning and how does one that's 12 years old
4:46 pm
get into now become this big business haven? tell me about it? >> well, it's hard and it's fun , and i started by wanting where it was more than the price to make and it's not that popular anymore, and then i changed to jewelry and the jewelry i make i've never really seen and i chose to make this type of jewelry. connell: they look pretty cool, mady's bling, how did you know how to do this , who told you how to make all this jewelry >> no one taught me. i did it all on my own. i watched youtube videos and i just did a lot of research and i did it on my own. connell: that's funny the same way i learned how to do tv. i just watched other people do it on youtube but so far so good , but that's how we learn things today. you know? that is actually a great story. now how much money are you making? we want to know are you making a
4:47 pm
lot? >> yeah, [laughter] connell: [laughter] really? how much do you make like in a week selling these things? >> i don't know, because i have online where people ask me for certain orders and then i have markets, and it's different every week. at the market i would make like 200 tops. connell: that's a lot. that's good. that is actually great. now wow, so i mentioned there was like a little charity involved too? you are helping people out. what's that all about? >> so at first there is a local dog shelter where i live and i decided to sell paw print earrings and $1 is to be donated to them and then in october i did breast cancer, for pretty in pink, and same thing for those $ 1 be donated and i think in charity i've raised a
4:48 pm
total of $124 from charity. connell: that is really great. it's one thing to make some money for yourself but to help people out like that and to use the talent that you have to do it, that is really really cool. what do you want to be when you grow up? do you want to do this? what do you want to do? >> well, i've always wanted to be a teacher when i grow up, but if this keeps going then this will probably be my job when i get older. connell: [laughter] you never know, but we could use more teachers like you, mady, that be pretty good maybe sell the bling on the side or something, it's really really cool. congratulations, keep it up, and boy, maybe we all thought of some christmas presents we could buy now. so how do we buy them by the way >> just hook me up on facebook or instagram at mady's bling shop and just message me. connell: man the things you can learn on youtube thank you, we'll do that madeline bowman,
4:49 pm
selling her own bling at 12 years old, and the subject of retail, the grown-up retailers are urging shoppers to get out and buy early this year because everybody is buying stuff online , and if you don't, they are going to charge you. you have to pay for expedited shipping and the like if you want to get the packages delivered in time for the holiday so gerri willis joins us with more on that story i don't know if you were selling your own bling when you were 12 years old. gerri: no i was not but boy was she impressive a hard act to follow but i will give you the story there is a shipping crunch shaping up for christmas. that's right, retailers are telling shoppers to order early, a day or even a week early, or else pay expedited shipping, as you said before. the reason for the earlier deadlines, the folks who have been shopping from their couch amid the panic. now, jc penney, lowe's, kohl's are telling shoppers to place online orders soon or pay fees
4:50 pm
for those shipping expedited shipping, meanwhile, the big boy , walmart, target, best buy haven't had to make changes because they've already transformed their stores into shipping hubs for online orders in fact, 7 million packages a day could face delays think about that. this according to ship matrix. the holiday shipping crunch has been particularly hard on small business, small retailers, that is, that were relying on the last two weeks before christmas to make up for a also of sales when they were forced to close at the beginning of the pandemic, but online-only small business as well, they're feeling the heat here too. some distributors urging orders to be placed by december 11. that be today, in order to arrive in time and just a reminder here, connell, there is still maybe time to get that costco wine advent calendar for all your favorite reporters. connell: [laughter] somebody was telling me, oh,
4:51 pm
wait that was you, about that the other day. thank you, gerri. we will, we're on it. oh, man we got to do it quick who knew. now we have a new line of business for one restaurant to tell you about, with jeff flock, who is coming up, what do you have for us, jeff? reporter: i have got a mexican restaurant in chicago one of the most popular that has turned into not a restaurant but a place where you can get a covid test. i will have the story of restauranteurs trying to do everything they can to stay alive in the pandemic, when we come back. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. metastatic breast cancer is relentless, but i'm relentless too. because every day matters. and having more of them is possible with verzenio,
4:52 pm
the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopausal status. and it's the only one of its kind you can take every day. verzenio + fulvestrant is approved for women with hr+, her2- metastatic breast cancer whose disease has progressed after hormonal treatment. diarrhea is common, may be severe, or cause dehydration or infection. at first sign of diarrhea, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening inflammation of the lungs can occur. talk to your doctor if you have new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include tiredness, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are pregnant or nursing. every day matters.
4:53 pm
and i want more of them. ask your doctor about everyday verzenio. before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. now no fruit is forbidden. nexium 24hr stops acid before it starts for all-day, all-night protection. can you imagine 24 hours without heartburn? look, this isn't my first rodeo and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide.
4:54 pm
eliminate monthly mortgage payments, pay bills, medical costs, and more. call now and get your free info kit. other mortgages are paid each month, but with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more in aag's free, no-obligation reverse mortgage loan guide. access tax-free cash and stay in the home you love. you've probably been investing in your home for years... making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone
4:55 pm
but i think i've been 'round long enough to know what's what. i'm proud to be part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. call now so you can... retire better ♪ ♪ connell: all right. you know what they say, desperate times call for desperate measures x in chicago there is one restaurant owner who's turned his restaurant into a covid testing site as small buzzes around the country are waiting on washington to come up with something on stimulus.
4:56 pm
let's get more on this from jeff flock. >> reporter: look, they're all decorated for christmas. they thought they were going to open, but no. they're not giving up. this has turned into a covid testing -- you can get a covid test here. you can come in and get your 99.6, i think that's hot lights from television. anyway -- [laughter] i don't think i'm, i don't think i'm infected, but there you go. you come back where typically the tables would be, and what you've got is a place where you can get a covid test. the young lady that's administering the test, she's typically a bartender, sam sanchez. >> yeah. >> reporter: what sparked you to do this? >> i had covid back on november 2nd, it took me three days to get a test, my employees season days, so that's seven days loss of work. here in 20 minutes, you can get
4:57 pm
a result and back to work. >> reporter: it costs $135. they don't take insurance, but any profit they make goes directly to your rent. >> just like every other restaurant, we're taking care of our bills and brought back some of our employees, brought managers and, you know, working with a doctor and some nurses and some doctor's assistants. >> reporter: we're walking back here, connell, because there's something else i want to show you. you talk about resourcefulness, restauranteurs are doing whatever they can to survive, most of that is takeout, that sort of thing,s but you're pretty much completely shut down, so what did you do in this room? >> here we brought a machine in, and we're making masks, three-lawyer masks. we've -- three-layer masks. >> reporter: you bought a machine to make masks? >> yeah, bought a machine back in june during the first shutdown, and, yeah, we run two shifts, we've brought about 12
4:58 pm
people back to work in this little room. we had a live band, a bar and a kitchen, so we pretty much just retrofit this room and started making masks. we're delivering this many, shipping them, selling them on amazon. our idea is as soon as we're back to normal, we'll put this bar right back together. [laughter] >> reporter: couldn't come soon enough. connell, it's amazing, the resourcefulness of some people. either shut down, go out of business or throw their hands up and just wait. this man here is just trying to do whatever he can to put people to work. connell: yeah, and in completely different areas. it's not like coming up with a creative way to sell food outdoors. making masks and all -- i mentioned coming in while this is happening, and you talked about how he's behind on the rent, he's obviously struggling, and in washington nothing's gotten done on stimulus. have you talked about what they
4:59 pm
need or what they want? >> reporter: sam is also the vice president of the illinois -- >> right, vice chair. >> reporter: you were on a conference call with -- >> senator duckworth. >> reporter: and you're lobbying her to -- >> so, i mean, we all have our story, unique story. 49 votes, bipartisan -- >> reporter: she toll you they have 49? >> we need two more votes. this is the survival of the restaurant industry, little buzzes. whatever we can get now, we'll appreciate it, we can adjust it, but we definitely have to pass something now. >> reporter: i don't know if that's news, connell, that they have 49 votes. he says senator duckworth told him she thinks they have 49 votes for some kind of a compromise. connell: that would be good. you'd be knocking on the door. we'll see if they figure it out. his other point's a good one,
5:00 pm
get something done now and worry about the bigger part after the 20th of january next year. these people are in trouble. jeff, thank you. good story, such as it is out there in chicago. thanks, everybody, for watching us as we report the news to you "after the bell." i'm connell mcshane in new york. have a good afternoon, we'll see you monday. ♪ ♪ david: good evening, everyone, i'm david asman sitting in for the vacationing lou dobbs. we gun this evening with the latest on the battle for the white house. the republican party in arizona today announced plans to bring forward a case before the supreme court in support of president trump. arizona republicans saying they will appeal an election integrity case that was dismissed earlier this week by the state supreme court. as that case is drawn up, president trump and his legal team are eagerly awaiting an order from the supreme court on another lawsuit brought forward by the state of texas. now, this lawsuit seeks to challenge the election results
62 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1088382039)