per range i would be a willing buyer. liz: paul feinstein. [closing bell rings] points out how and when to get into stocks. don't buy at top, folks. dow is making a run to the flat line. that is a record for the nasdaq. see you tomorrow on "the claman countdown." neil: all right a lot to cover today. we have a warning that china will come in and eat our lunch. we have a new spending push from the white house. stocks fighting at the close to end up at record highs. start with the dow, it was literally moving between gains and losses in final seconds of trading. looks like it will settle a few points lower by s&p 500. looks like we might get a record after all for the s&p. it is touch-and-go, if we're up. looks like we'll get a record for the s&p 500. we'll let the numbers settle. same for the nasdaq up up 53 ate

close. new record high for the nasdaq composite. any moment disney is expected to report first quarter results. we'll be all over the number. the stock closing at 191 today. speaking of stocks, bumble, first day of trading for this stock. the wall street debut is quite a debut, 70 bucks for female forward dating app. it opened up at 76, pricing 43 last night. day one gain is 63 1/2%. bmbl, the ticker on that. the other stock. alibaba was in the news today. its founder made a public appearance which was newsworthy. jack ma, reportly out in china, seen doing that for the public eye, alibaba closes up the day. that the is you up. we have a lot more to get to. i'm connell mcshane. it is time for the news happening at this hour. "fox business tonight" team

coverage. reporters on hand here, blake burman covering the white house. gerri willis is in new york. as we wait for the disney numbers, blake, we'll start with the white house news. what is the latest? reporter: the white house was asked what president biden would like to see in terms of a dollar figure for a infrastructure package and they wouldn't necessarily say but it is very clearly at the top of the priority list for the president going forward in the near future. we saw that on display as the president hosted top democrat leaders in the oval office to talk about infrastructure and the president used his two hour phone call with the chinese president xi xinping last night to try to make the point as why he believed there needs to be an infrastructure package going forward here in the u.s. this was the reason why, at least part of it from president biden. listen. >> they're going toilet to eat our lunch. they have major initiatives on rail. they have rail that already goes

225 miles an hour. reporter: he said if we don't get moving they will eat our lunch. before infrastructure, connell, comes the $1.9 trillion relief package that democrats here in washington are working on. house speaker nancy pelosi made it very clear she is not giving up on including the minimum wage in that measure. we'll have to see what happens in the senate when she was asked about whether minimum wage would be included in the house bill. quote, yes it will. it will. we're very proud of that. by the way some other news from the white house today, connell. the press secretary jen psaki said president biden will sign an executive order in the upcoming weeks of a review, a study on the supply chain here in this country as it relates to chips. as you know there is a semiconductor chip shortage in this country right now. the white house says that they're going to be looking into it in the upcoming weeks and months. connell? neil: it has become a big, big story. we talked about it with the auto industry, other industries. blake burman there.

economist steve moore with us right now. before blake was mentioning a chip shortage, steve, those were a number of spending proposals he went through for us one after another. the relief package is one thing at 1.9 trillion. then you start to talk about infrastructure, which you know, as we talked about over the years seems to have bipartisan support but it comes on a day where the cbo tells us the federal debt exceeds the size of the entire economy before the stimulus is even worked in. so do we even get the infrastructure type of deal that we might have been able to get if we weren't already dealing with this first round of spending. what do you think is going to happen? >> the case for this $1.9 trillion spending bill is diminishing every day. the democrats are in a race to get this thing passed. looks now by mid-april we'll have the vaccine basically pretty much available to anybody who wants it. that is the stimulus. and you're going to start to see the big declines in unemployment as a result of that. businesses getting back up on their feet. that is $1.9 trillion of debt.

remember, connell that is all funded with debt. you have the normal budget running 1 or two trillion dollars in debt. we're talking about a trillion, folks, one million million dollars, for a infrastructure bill. there is going to be a lot of exhaustion in washington. there will be a bit of a push back, are we wanting five trillion dollar debt in one year? that is what would be required if we had one trillion dollar of infrastructure on top of all other spending. neil: let me ask one another question, then we'll probably have to move on, steve, to cover the disney earnings. connell: you were advising the trump administration. there were infrastructure weeks. they were promoting it and wanted to get something do. it is hard to get done for whatever reason. why haven't we an able to move

faster on this issue? >> tell you why when it comes to infrastructure republicans are on venus, democrats are on mars. we're talking about different things. what i think we need, better roads, better highways. we need bridges. we need better ports. and we need you know shore up our electric grid system and bring internet to people. democrats have tended to focus, connell on things like mass transit, which with ridership down by over 50% not sure we should spend more on that. they think about building windmills and solar panels. they're not talking towards each other on that. by the way if you want infrastructure, joe biden why would you start with the first initial executive order to kill vital infrastructure which is pipelines? we need these around the country, not just xl pipeline we need it all over the country. we need to get oil and gas to the market so we can export it. connell: got a lot of pushback

on that especially from the unions as you know normally his allies. i'm sorry to cut this shorter than usual today but we always appreciate it. steve moore there. the "fox business alert" now is on the disney numbers. these look much stronger than expected now. disney, as you see on the screen was expected to lose a lot of money last quarter, 41 cents per share. but instead made money on adjusted basis 32 cents per share. the revenue figures also better than expected, 16.25 billion. tops expectations. stock is up 2% in after-hours trading. we'll look into some other numbers including disney plus, subscriber at disney plus. subscribers almost reached 100 million but not quite. 94.9 million paid subscribers for disney plus which has been quite the juggernaut. gary kaltbaum joins us from kaltbaum capital. a fox contributor of course. jack otter from "barron's," a "barron's" roundtable host on

"fox business tonight" friday nights. start us off on this. top and bottom line are great. people are whispering the 100 million is the round number on disney subscribers on disney plus. what do you say. >> when disney started it they thought they would get to 90 million in four years. they're near 100 million way before. they're already talking about 250 million by 2024. so whatever they're serving i want some of it. just a magnificent job of marketing and just one of the greatest brand names in history, doing the trick. if they ever get the parks fully open, just gets even better. in california they finally are letting them open a little bit. california adventure, even though disneyland is going to stay closed. don't ask me why. i can tell you here i've been to the parks three or four times. i've been to the entertainment area a couple times. they handled it perfectly.

just a matter of florida trust business and people versus the dude running california not so much. but once this pandemic is over, they're going to be firing big time on, on all phasers. i expect big things going forward. connell: yeah. whatever they're serving you want more of it. you know what they serve at disney? everything and a lot of it. >> big turkey legs. connell: large quantities, right? gary, let me go to jack on this actually as well. their stock up 1.25, almost 2%. it is interesting. because the pivot this company has made has been remarkable in many ways, jack. been talking about over and over to the streaming side of the business. not just disney plus but other pluses, espn, they have done, hulu after the fox acquisition. your thoughts on disney and how it is positioned to come out of this pandemic. >> sure. first of all i think the question is, gary, will you actually drink that on a disney cruise? when that day comes, that's when

disney is firing on all cylinders. they have done amazing job pivoting. certain companies in this economy have figured out where they needed to be in 2025. they got there basically in 2020. it is really extraordinary. chipotle pivoting to digital sales. you know, take-out and that sort of thing. disney is another great example of that. the big question though, connell. on one side a lot of feeling, i think we all think, once this thing is finally over. once we're all vaccinated i can't wait to go travel again. but on the other side will we be a little hesitant? will we want to crowd in line for an amusement ride? will we go into the house of horrors as it is called with everybody breathing on us. that question is still up in the air. i will be optimistic to say people will surge back into the parks. that is going to be real juice in terms of earnings on top of

this disney plus which is just growing, at incredible -- probably have better content than anyone in the business. they will spend nine this billion this year and 16 billion in 2024. connell: let me go back to you, gary, what jackal lewded to on the parks, a lot of pressure to get disneyland open on a limited basis like orlando. i will say in its earnings report the company talked about adverse impact of coronavirus and that was there obviously. most significantly at its park experiences and products segment. that doesn't surprise anyone but is, what's your outlook on that factor or that issue that jack was bringing up about whether we come storming back into places like this when we're all through with what we're going through? >> i can go with the evidence at hand. there have been many days they have to close the park to new people because of how much

demand there there has been even though on a limited basis. i think once they're open, they will be swamped. i think they will sell out every day. just remember nobody is flying in from internationally, that come all the time. if you walk through disney world here all the time you are hearing different languages from so many of the people. that is going to come back. then just airline travel is still like 40%. if you go through the tsa precheck right now. we're still way down. i have can promise you, one of the first places kids will be begging the family to go will be disney parks. that will include california also. so again i think they will be firing on all cylinders. i think mickey wins once again. connell: he always does, that guy. >> always does. connell: meantime people sit home to watch disney plus, 94.9 million paid subscribers. thank you to jack. tune in to the baron's

roundtable. tomorrow 10:00 p.m. eastern time, "fox business tonight." the "barron's" roundtable. this is interesting. dueling tech hubs. we'll talk to mayors of two cities. one trying to keep workers. the other trying to take them away. both mayors later on in the same show. weighing in on new requirements for domestic air travel. jeff flock knows a thing today talking about travel at o'hare. what is coming up, jeff? reporter: talking about travel all the time. will have to get a covid test on a plane going forward? that is possibility. what is the reaction out there? you can probably guess but i will tell you for sure. stand by. research shows that people remember commercials with exciting stunts. so to help you remember that liberty mutual customizes your home insurance, here's something you shouldn't try at home...

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connell: so the biden administration is holding an active conversation with the cdc whether to implement new testing requirements for domestic travel. the potential move though is already drawing some fierce opposition from number of groups and jeff flock has more on this. he is at o'hare international airport in chicago today. jeff? reporter: yeah, connell the thinking is maybe would you feel more comfortable if you knew everybody on the plane had a

negative covid test? people we talked to say this would be a nightmare and airlines too. he had bastion, ceo of delta, here is the quote, real simple, horrible idea. the level of travel we're carrying anow not just across delta but everybody would be substantially lowered if this took place. of course it is already pretty low already. his counterpart at southwest, gary kelly as well as airline unions by the way at southwest wrote a letter to the president saying this would be counterproductive, it would be costly and there would be unintended consequences. like, yeah, you would have to pay 120 bucks or so for a test. then of course if you're coming back on the other side of it you have to pay another $120. that is on top of the ticket price. ouch. folks that advocate for travelers as well as airlines all say, we're already doing plenty. listen. >> i'm telling you the plane is as safe -- lot safer than the

grocery store with all the help pa filters and all things they're taking. airports, airlines, hotels will do the job. reporter: already, of course you have to wear a mask and all that. i've been flying every week since this thing started. seem to be okay so far anyway anecdotally. losses for airlines, in addition to this not being doable, already they lost $46 billion last year. if you reduce air travel even further, who knows where it goes from there, connell? connell: they do, any sense at all about how this whole thing is being implemented with the international flights with the testing? they do it there already? reporter: absolutely right. they do. if you come back in the u.s. there is requirement you have to get a test wherever you came from. to keep the other variants out. but you know, obviously the number of people coming from overseas much smaller than the

smaller than travel domestically. you have to do all these people in addition to the cost associated with, logistics associated with it. they make a great point. we all go to the grocery store, mix as close as we would perhaps on a aircraft. we don't have to do anything more than wear a mask, to try to be as careful as we can. i don't know if they do this one, it will be tough out here. connell: yep. sure big travelers like you, thank you, jeff flock out at the airport in chicago where he spends a lot of time. taking a different tone meantime on the global stage. president biden is out with a warning after he had his first phone call with chinese president xi xinping. some calling it a 180-degree shift from a year ago. that story coming up next. >> china is going to eat our lunch? come on, man. ♪

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♪. connell: these after-hours gains for disney hold, pretty strong report, much stronger than expected for sure. it could add maybe 20 points to the dow. we'll see how things go in the overnight. up by three bucks here after-hours. couple things on disney add to what we reported earlier in the hour when the figures came out. there were double-digit gains percentagewise in subscribers for disney plus, also for espn plus and hulu. that streaming story is real at disney. just overall, not as bad as expected the way to put it. the revenue did not drop as much as it was expected to last quarter. they turned a profit on adjusted basis versus an expected loss. that's disney. get to china for a moment. the broadcasting regulator in china banned bbc world service in that country. similar move by britain to strip

its broadcasting license in the uk. back and forth. edward lawrence following a developing story. edward? reporter: china canceled bbc 24 hour news out let can no longer broadcast inside of china. chinese national radio and television information said the bbc violated its rules by not broadcasting truthful stories. saying that the agency undermined china national unity. the chinese criticized bbc reports on the channel about the coronavirus. also about the treatment of the uyghurs inside of that country. in a statement the bbc released on twitter, that statement saying this quote, we're disappointed that the chinese authorities decided to take this course of action. the bbc is the most trusted international news broadcaster and reports on stories from around the world, fairly, impartially, without fear or favor. on february 4th, the united kingdom regulator as you said

revoked the broadcast license for cgtn that is china's english satellite news channel, citing a section with the communist party. the bbc is not seen widely in china. mainly in hotels and businesses in compounds where foreigners live. cgtv and the chinese service broadcasts in united states. in fact the headquarters is blocks away from the white house. back to you. connell: edward lawrence live from washington. let's bring in anna ashton, china business council government affairs senior director. anna, thanks for coming on. this is an interesting development for me. as edward said the bbc is on hotels in china. we were in hong kong when the protest movement started and covered the protests. we traveled across the border to mainland china. it was fascinating to see

censorship was. when you were in the hotel they would go to a report about the protests in hong kong, as soon as the report started they cut it off. a propaganda video would play, people smiling with music behind it. and as soon as the report came it would come back with bbc or whatever international news. now they ban it out right. what do you make of this? >> connell, thanks for having me on. china's great firewall is real and yes, it's true there is censorship of foreign media in china. i think that this is an unsurprising development because we've seen in the past that when, when foreign countries ban or reduce the ability of chinese state media to be present in their countries, china reciprocates. that is exactly what happened here. it is unfortunate for foreign

news consumers, non-chinese news consumers, us, because there is already kind of limited number of foreign journalists operating on the ground in china. which means our ability to fully understand and appreciate what is happening on the ground in china is commensurately limited. it is also i think an unfortunate move for china because you know, in terms of the public relations problems they're having with issues like censorship, democratic rights, human rights, this doesn't send a signal that people shouldn't be worried about it. connell: the chinese people don't obviously come out as winners in all of this. there are some ways with technology to get around. obvious risks to doing this, get around some of the government censorship issues in china. people have been doing that for years. but you cut off the information coming from the west. i mean, there is some sort of a effect on that too, don't you think? in terms of how we understand each other and information being

fed to the people in china, their perception of western countries, their perception of the u.s.? >> absolutely and i think we're seeing, what we've been seeing for several years now is a ratcheting up of tensions between china and the west. some of it has to do with our policies and our rhetoric and some of it has to do with their policies and actions. and that tension has resulted in a graduate all unraveling of our relationship on numerous fronts and you know, i don't think that is bodes well for future global issues being addressed effectively, nor does it bode well for a productive positive, u.s. china relationship or uk-china relationship or west and china relationship to have these things happening. connell: let me talk to you about that relationship more broadly now. as you know president biden had the first phone call with the

chinese president xi xinping. apparently they spoke two hours. takes a long time to translate the conversation. they spent two hours on the phone. a lot of things came up. the comment the president made that china eating our lunch. talking about infrastructure spending whereas in the past he was referring that couldn't happen overall, what do you make of, whether president biden is going to shift from what we saw during the trump administration or maybe continue some of these policies? you know brought up taiwan, for example as a big concern? >> so i think this is a question that china watchers have been monitoring very closely and everybody wants to know the definitive answer to this. connell, i guess i would say the signal that we've gotten from president biden and bide administration, biden team since the election, since before the election and the campaign has been on one hand the intention

to approach the china relationship differently in terms of policy and strategy but on the other hand an agreement with an overall assessment that has taken hold and become very mainstream in washington that china is our most significant strategic competitor. the u.s.-china relationship is the most important relationship of the 21st century and getting it right is going to require us to make sure we're adequately competitive. connell: do you think getting it right has changed in so many peoples minds? i wonder if president biden is one of those people who sees it differently than say when he was vice president bide? there are so many people see china differently it that is fair than a few years ago what do you think? >> i think anybody who is taking a close look at china, who pays attention to china sees china differently now than they did 10 years ago because there have been changes. changes in terms of china's

domestic governance. changes in terms of china's tone in its communications to the world. changes in china's assertiveness. and changes in china's influence. that is much more influential country than it was even 10 years ago. connell: will they eat our lunch on anything do you think? that is the final point, whether on infrastructure or something else? >> i think one one hand i think you could say they have eaten our lunch on infrastructure in recent years. the last time i visited china and was traveling around on the trains, you know, i numerous times wished i had that same ability to travel on trains here in the united states. that things ran as smoothly and as on time. but there was a lot of state sub sy did iization of infrastructure projection. democrats and republicans

proposed we need state intervention with these things ourself to make sure we have strong infrastructure and our pairing the workforce for the future. connell: it is interesting. people that live around where we live, yes it is true, you might not like china but they definitely have the long island railroad, new jersey transit have them beat pretty easily with their trains. good to see you, anna ashton talking about china. we'll come back here in the united states about this fight over the exodus of big tech. we're talking with one mayor who is hoping to create the next silicon valley. one who is hoping to prevent the very companies from packing up and leaving the valley. mayor versus mayor. putting a little extra cash in the rainey day fund according to new survey. four in 10 americans plan to kip valentine's day this year, skip money. might not be a great idea. ♪

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♪ ♪ when you drive this smooth, you save with allstate. you've never been in better hands. allstate. click or call for a quote today. ♪. connell: president biden moments ago announcing the u.s. will not have enough vaccines by end of the summer to vaccinate all americans. that announcement was made by the white house as the president is touring the nih, the national institutes of health in bethesda. you see the podium there. the president will be giving remarks in a few moments. we'll monitor that. he is expected during his remarks to announce 200 million additional coronavirus vaccine doses have been secured.

200 million more have been secured. that is according to "the washington post." we'll see if the president makes that official. meantime more signs of progress in the u.s. when it comes to the virus. newly reported cases going down and patienteds in intensive care unit hit its lowest level in three months but the spread of these new variants is the growing concern. the first known of south african cases now confirmed in california. more than 900 cases of the uk variant have been dedecked across the country. we watch all of that. we have another pandemic side-effect to talk about today as well. people are wondering with i state they should be filing their taxes in? so many americans working remotely, you know, across the entire country and leaving their home states to do so in many cases, officials are now having a fight over where the workers need to file. so, gerri willis, looking into all this and joins us with more.

gerri? reporter: connell. that's right. imagine facing a tax bill from a state you never set foot in next year. you may not have to exercise your imagination. the pandemic forcing millions of us to work from home last year, a sizable proportion of employees will find themselves in just that scenario. listen. >> they have all different rules how they're going to be taxing people out-of-state. some of them have been kind. some of them are aggressively going after the money because it's all about budget shortfalls. reporter: as gene says, each state has its own unique mix of rules. 41 levy income taxes as do some cities. with the pandemic hammering state budgets, wrangling has already begun over tax dollars from workers that live in multiple jurisdictions. already the supreme court being asked to weigh in.

new hampshire taking massachusetts to court over its intention to collect income taxes on some 80,000 granite state resident who normally work in the bay state but telecommuted last year during the pandemic. new hampshire governor chris sununu saying commuters shouldn't own the 5% income if they were never there. new hampshire does not charge an income tax. no word on scotus' decision to hear the case. whatever the court decides could have broad implications but workers will have to untangle hellishly complicated rules to figure out what they owe. good news, 15 states, you're looking at them, plus the district of columbia, won't enforce tax rules for remote workers including new jersey and maryland. connell, i send it back to you, experts advise taxpayers to do the following things, figure where you worked, what states, how many days you did that. find out the rules for that

state. mark says don't even think about not reporting this because at the end of the day your employer may do it for you. back to you, connell. connell: then they come after you. you have to be careful. this will be a fight between the states. they will want their money. thank you, gerri willis there. out in chicago, the schools reopening today, first time in months we've seen this after the teachers union voted in favor of the deal with the city. now under that agreement, city officials will set aside at least 1500 vaccine doses each week for the teachers. students will return in phases. pre-k special education students are back in the classroom today. the higher grades returning in the weeks to come. ♪ hi, this is margaret your dell technologies advisor there's an art to listening. it's the ability to hear more than what's being said.

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mayor suarez, mayor liccardo, good to have you both on. we talked about the stories separately, talk about where things are going, might be interesting. mayor suarez, you first, i mentioned elon musk. you've been all over the place talking to the tech guys but this is a big one, what will that be about? building tunnels or what is the deal? >> we actually spoke last friday. we spoke for a chance to speak about 30 minutes. it is about potentially building some tunnels in the city of miami. he wanted to identify, came evolved from a tweet, very late at night, about 4:00 in the morning where he tweeted out something and i replied to the tweet, he tweeted back, saying if the governor, mayor, want us to do tunneling in miami, to ease traffic congestion i'm all in. i got a chance to speak. he wanted to build a signature project in the city of miami. one that could demonstrate the scalability of underground

boring. they're already doing one in las vegas. which i will go visit in the next week or so. they're doing them in l.a. i think from his perspective, what he was focused on making sure that whatever solutions his company develops, are solutions that bring higher quality of life to the residents. sam sis a great friend. i'm happy to join him on the show. connell: you know, it is interesting tough to keep up with you and elon musk on twitter that meeting already happened with the two of you, the boring company, is not exactly boring but they do build tunnels you know ground as you you -- underground as you pointed out. mayor liccardo, let me ask you, so many media headlines, companies oracle, hp, moved headquarters out of your area, are you threatened by the likes of a mayor suarez? what do you like is what is going on. >> i like francis.

he has a great town. he should be proud of it. he is doing great work. good to be, connell, i think headlines are overwrought. i don't think the clouds are falling. the clouds are darkening. this is a wake-up call for entire state. for the innovation economy to work, we need to lower barriers, particularly for young entrepreneurs for scaling, growing companies. right now the challenges we have around housing costs and regulation and taxes, are pushing some folks out. now the good news is, some of the companies you mentioned, like alliant technologies, hp and others are expanding in my city even if they move the headquarters out. they want to take advantage of the great talent here, but they know the taxes regulations are more favorable elsewhere. obviously we have a lot of work to do. we expect tech will go everywhere else in the country too. that is important. that is a good thing for the country. but we need to do a better job here at home reducing some of

these barriers. connell: let me stay with you one moment, mayor liccardo, get mayor suarez to respond to this. the talent argument is always the argument out in the valley but at some point, i have don't know if it will take a generation or so, if you don't get things right, that will not last forever, right? because somebody moves to miami, austin, wherever. they have children, they start up and same kind of entrepreneurship is in their blood. they will start companies there. what is the steps you're actually taking to prevent this from sliding too far on your end? >> first, let me say, i agree. we don't want talented people they feel need to go elsewhere. i'm less concerned about where billionaires go, that is going to happen. that's fine. i'm really concerned about the young entrepreneurs, the folks who want to take their first risk. that is what really drives employment in my town and throughout silicon valley is small companies that grow to be larger. and what we need to do first is we need to reduce barriers to

rebuilding housing. that is a local and a state issues. and we're aggressively trying to get high density housing built here. but there are huge challenges with housing costs, in construction in particular. i know that the governor cares about this. he is trying to get challenging regulations out of the way like seqa. we have to do more. hold a lot of our suburban towns feet to the fire pushing them to be open to just to housing just as large cities and san jose and san francisco are. connell: are you going to have similar problem, if you don't have it already, mayor suarez with the costs? first it might be a good problem to have. a lot of people with a lot of money move in and companies that follow but people already there, you know, their costs go up, right? are you dealing with that already? >> you know, we certainly are an expensive rental market. we pale in comparison to some of the cities you mentioned in the sally and also in new york city.

from a cost differential we do very, very well. the other thing is, we unlike some of the cities in california, we have an expansive zoning out look. we, most people don't know this, ability to grow physically 10x, greater and larger than where we are. that creates a tremendous amount of supply that keeps prices low. we have miami forever bond, which dedicated $100 million in affordable housing funds. we leveraged 20 to one rate. we've been able to produce $10 million, $200 million of affordable housing projects that created 722 units in our city. we've been very strategic making sure housing costs remain competitive and remain inexpensive going forward. the last thing that i would say is, that you know, today's billionaires were yesterday's founders, were yesterday's engineers. yesterday's young talent. when happens when they decide to go somewhere, they will be

funding tomorrow's young talent. what is exciting about that, of course they're ones going to see companies that become tomorrow's mega companies and we're excited to be attracting them more and more every single day here in miami. connell: yep. question of whether it is a beach in miami or garage up in san jose. it will be fascinating to watch. i enjoyed this to have the discussion. so important for the economy and for the country going forward on both sides. mayor suarez, thank you. mayor liccardo, thanks for following this. we'll be back with more "after the bell" in just a moment. ♪.

♪ ♪ connell: all right. in a, you know, years of trials and tribulation ares for many in the business world, there have been a number of black-owned businesses that are finding a way to persevere through all the challenges, and grady trimble is in chicago with more on that story for us today. grady. >> reporter: hey, connell. and there's been a lot of

support for black-owned businesses over the last several months starting over the summer following the death of george floyd, and it's actually continued from the black business owners that we've been talking to all around cag. we're at a boutique clothing store. so tell us what you saw over the summer. i know this area was hit by looters, which was the worst of humanity, but then you saw a huge surge in business too, the best of humanity, supporting you. >> yes. i mean, unfortunately, just, you know, with this area being hit, there was a lot of stores that were looted. but, you know, unfortunately, we were not -- >> reporter: you had to board up, though, and that affected business. but you came out of it stronger because there was a movement of support. what did you see in terms of sales? >> there was a spike in our online sales. sales went up 542%, which was, you know, a major increase from first quarter.

>> reporter: i've talked to a lot of black business owners just today, but in general, and a lot of them say, hey, we appreciate this support, but we need support all the time. so if that gets you in the door because we're a black-owned business, that's great, but we need people to keep coming back. that's what you want to see too, right? >> oh, absolutely. absolutely. for those who live in the community, continue to support black-owned businesses. those that have also shopped in our shop, i mean, you know, to share the store. that would be a great deal of help -- >> reporter: keep coming back, that's the message that they're sending. all day we've heard that, connell. connell: all right. that's a good story, grade i think. thank you, sir, grady trimble out of chicago. one more quick world as we wrap up our hour of coverage on disney, that was a really impressive earnings report that came out earlier this hour. stock's up 2.5%. on the conference call momentsal

ago, it was said we should expect disneyland in california to be closed for the entire second quarter. there was some question about that, that is what they're saying, so expect disneyland to remain closed for some time. thanks for joining us here "after the bell," i'm connell mcshane in new york. have a great night, everybodiment. ♪ ♪ david: good evening, everybody. i'm david asman, and this is" fox business tonight." president joe biden today admitting that communist china is a major threat to the american worker, our economy and our way of life. the president making that admission during a meeting today about infrastructure with senators in the white house. now, biden is warning that the has to, quote, step up and fix its ailing infrastructure or be left behind by an economically surging china who promises to eat our lunch. but just take a listen to what president biden said about china in 2019 and then compare that to