christopher o'leary, let's work away backwards. can you explain what president trump's executive action when it came to unappointed insurance he signed this weekend, what it did in how it compares to what was offered under the cares act? guest: good morning, john. thank you for having me on. pleasure to be on washington journal. certainly i can address the executive order. i read it. theink i understand objective. up and talke back about this whole idea of supplementing unemployment. it is interesting. there have been eight recessions since the eisenhower administration. every one the federal government has extended the duration of regular state on employment insurance benefits. there was a modest additional compensation added during the great recession in 2009. $25 added. check.d to every benefit it went largely unnoticed. recognized the existing unappointed insurance system is inadequate in many ways. in particular in terms of income replacement. , think the executive order let's hope it was an effort to bridge the impasse. $600

christopher o'leary: thank you alexander. question.n excellent we've been studying the unemployment insurance system for 70 yearsng here. and we have looked at what this employmentf an insurance is a must before this crisis. ri've been writing that it needs improvement. and if you look at the recipients right across the state, and varies between about 11 or 12 percent of all unemployed floridians getting unemployment insurance. and to about 52 percent of new jersey residents who are unemployed. and they are getting events. that is a big difference. there's some other states that are at the low end. a lot of states in the southeast, haveth very low recipients rate. going into the crisis, the koster, the states are particularly less prepared to handle an influx of claims. so the kind of surprising are not surprising that the system is slow. i think alexander, you should not give up. if you have numbers. you can always go to the one stop .org and put in your zip code and get your nearest service center. they willg help you. plea

christopher o'leary, let's work away backwards.ou explain what president trump's executive action when it came to unappointed insurance he signed this weekend, what it did in how it compares to what was offered under the cares act? guest: good morning, john. thank you for having me on. pleasure to be on washington journal. certainly i can address the executive order. i read it. theink i understand objective. up and talke back about this whole idea of supplementing unemployment. it is interesting. there have been eight recessions since the eisenhower administration. every one the federal government has extended the duration of regular state on employment insurance benefits. there was a modest additional compensation added during the great recession in 2009. $25 added. check.d to every benefit it went largely unnoticed. recognized the existing unappointed insurance system is inadequate in many ways. in particular in terms of income replacement. , think the executive order let's hope it was an effort to bridge the impasse. $600 lump-s

o'leary, thank you for being with us.e is this increase among kids over the last four weeks? >> yeah, good question. i think it's probably a combination of factors. remember, one, early in the pandemic, we were really only testing people that had severe illness or being hospitalized. people in long-term care facilities. so now, as testing capacity has increased somewhat -- of course, it varies by region -- more children are able to get tested. so i think that's one thing. i also think there probably is some element of more children are actually getting infected than they were before, with increased activity, et cetera. getting, you know, out and about more often. and, you know, the other thing i would point out is that what we are seeing in children, really just reflects what we are seeing in the rest of the country. when you see a lot more infections in the general population, you are going to see a lot more infections in children and that's what we are seeing. >> dr. hotez, the president said today that kids don't get v

i'm trying to decodes all of that stuff behind o'leary.at the hell it means. >>> coming up, house minority leader kevin mccarthy joins us to talk about the stimulus, the stalemate as congress leaves washington for weeks without a deal they will be missed. not. later, don't miss our interview with new jersey governor phil murphy with the latest out of his atste where andrew will be visiting for vacation. vacation in new jersey "squawk box" will be right back. some companies still have hr stuck between employees and their data. entering data. changing data. more and more sensitive, personal data. and it doesn't just drag hr down. it drags the entire business down -- with inefficiency, errors and waste. it's ridiculous. so ridiculous. with paycom, employees enter and manage their own data in a single, easy to use software. visit paycom.com, and schedule your demo today. >>> good morning futures are mixed. washington's failed stimulus talks. we'll speak with house minority leader kevin mccarthy about what's standing in the way of a deal >>> in

. >> reporter: that's what donna o'leary told us. she owns ambiance, a women's clothing chain with three store it is a cross the city. the warehouse is $50,000 per month. we've lost between 2 and $2.5 million in sales. if rent isn't lowered she will have to close all locations in a mere four months joining other retailers that closed permanently. >> i had to cut my workforce in half. yeah. not good. meanwhile, paul robertson is barely holding on week by week. he's hoping history repeats itself. >> just pullback and then wait. we did this in 2008. we pulled back and then you wait. >> many can't wait any longer. according to analysis of yelp data, more than 5,000 businesses in the san francisco-oakland, metro area have closed from march 1st to july 10th, but 2,000 of those bees are gone for good. a raw reminder of that loneliness, he hopes it won't be him. >> so many statistics and this is want junot just affecting businesses. a south bay city is about to launch a unique way to offer rent help to people affected by covid-19. abc 7 news

alternatives to sustain the important work that is done in conservation it's work in progress but o'leary ja hopes that involving the local people in this process will build more resilient communities and help nature to. how much trust in kenya's maariv which areas of the ocean have the biggest plastic with problems you may be wondering and we are wondering as well all these can be seen not only from the ground level but also from. on high resolution stiff light images this several web platforms and abs that make these complex available we have a simple. knowing where action is what's needed also helps us to fight against pollution get out and ago. in city parks that was the aim of the online call which hundreds of people in berlin followed the clean up call was based on data collected by volunteers who had discovered many polluted places in the german capital plan a supported the call the startups focus is environmental protection. climate change is not one problem climate change is a lot of problems that are intertwined and our data approach helps us actually untangle this complexity we

kevin o'leary, sharyl sanberg and many others will be part of a cnbc playbook virtual summit the mosted and inspirational voices in business will provide small business owners the resources to survive today's crisis and provide a path forward tomorrow. you can visit cnbcevents.com/smallbusinessplay book to register >> this morning's top corporate stories and so much more "squak" returns after this. i'm pro athlete stylist calyann barnett and i'm here with nicole and miles and we're out to find the top looks for day one back to school at dick's sporting goods. regardless of if you're going to school or online classes. yeah. at the end of the day, it's all about your confidence. like if they have good shoe game, i'm like "ooh ok, i want to know this person" you know? dick's has like 30 different colorways for each thing. it's a rainbow up in here. whether you're in the classroom or on camera, get the brands that make a statement. day one starts here. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice.

coming up tuesday morning, a discussion on state and federal unemployment insurance with christopher o'learysenior economist at the institute for employment research. we will preview the review hearing of the michael flynn case with washington times justice department reporter jeff morlock. live "washington journal" at 7:00 eastern tuesday morning and be sure to join the conversation with your phone calls, facebook comments, text messages, and tweets. ♪ ♪ >> the contenders, about the men who ran for the presidency and lost. a change political history all week on c-span. on tuesday, the 1884 presidential candidate james lane. >> now, the political action group emily's list holds a women in politics conference with the joe biden and new mexico governor michelle lujan grisham among the speakers. this is 3.5 hours. 35th anniversary! >> happy 35th anniversary! >> happy 35th anniversary, emily's list. >>

or it makes spy agencies the most suspicious the most o'leary. is he a double agent?disinformation trying to send you off on the wrong path? into the german embassy in angora techie, a man comes about five foot three inches he says the british ambassador and each night when the british ambassador goes to sleep he has to the key to the british ambassador is safe and he can get cables and diplomatic traffic and each time he wants 20,000 british pounds. it's worth about $1 million today. a fortune. the germans can't quite make up their mind what to do. can they trust this guy or not? he's asking for a lot of money. finally, schellenberg the head of the ss special cloak and dagger operation decides, we will give them counterfeit money. they have the ss forages put together 20,000 pounds, pay them with the counterfeit money and they take it back and Ãb they are quite breathtaking. the documents are so good that the spy gets Ãb from these documents they find out what mike riley found out, they know that the big3 are meeting in tehran the last week in november. when schellen

christopher o'leary is the senior economist at the upjohn institute, you can >> we take you live to arizona where vice president pence is excepting an endorsement on behalf of the trump campaign. the arizona police association will announce its support for trump's reelection. this event is hosted by the campaign. [applause] >> president donald trump has media,off the liberal and he's had an unwavering support and commitment to the rule of law and to the men and women who place their lives in the line every day to keep communities safe. we know he has our back. we have his back. [laughter] -- [applause] >> use me. the arizona police association is proud to extend our endorsement to donald trump for president of the united states of america and his vice president, mike pence. [applause] >> at this time i would like to give a special thank you to vice president mike pence for coming to the great state of arizona to accept this endorsement. mr. vice president, could you please come out? [applause] [yelling in crowd] [applause] [booing] hello,es. pence: arizona! [applause] vice pres. pence: offi

up >> yeah, it's on the verge of drying out that is a huge issue, not to mention there's the kevin o'learyhings which is how much should the government do here. what we're going to talk about tomorrow, we can talk about it today, if you want, too, which is there's differentials in success of the programs. the success to the big companies has led to really low interest rates but the lack of success or similar program for small business means the existing differential in the cost of capital. i know it sounds wonky for 7:30 in the morning, but if you want to talk about outcomes, the differential in cost of capital are things that determine who lives and who dies if you can't do this, the fed main street program is a bit on its -- it's not quite standing up as tall as it could be. >> that's an excellent point kevin o'leary has made the point he's going to be here to talk more about this. the point that businesses need to stand on their own two feet the programs that are out there have advantaged the big companies to a great extent. >> absolutely. that's one of the things that need to be looked

. >> reporter: that's what donna o'leary told us three months ago. she owns am beeance, a women's clothing chain. the warehouse is $50,000 per month. >> we've lost between $2 and $2.5 million in sales. >> reporter: if rent isn't lower, she will have to close all locations in a mere four months. joining at least three other area retailers that have closed permanently. >> i had to cut my work force in half. yeah. not good. >> reporter: meanwhile, paul robson is barely holding on week by week. >> just pull back, wait. we did this in 2008. we pull back and then you wait. >> reporter: but many can't wait any longer. according the analysis of yelp data, more than 5,000 businesses in the san francisco, oakland, metro area have closed from march 1st to july 10th. more than 2,000 of them are gone for good. a raw recaller of that loneliness. he reopens it won't be him. >> i think we'll make it. we could be another statistic. >> reporter: abc7 news. >>> a lot more to come. we're in the middle of back to school season in an unprecedented way. next, see what's be

have across the industry >>> join the cnbc play book of virtual summit with sheryl sandberg, kevin o'learyrchuk and margaret anadu. you can experience the adventure of a bigger world in a highly capable lexus suv at the golden opportunity sales event. gets zero percent financing and make no payments for up to 90 days on all 2020 lexus models. experience amazing at your lexus dealer. >>> welcome back now that august mortgage payments are due, we're getting new numbers on how many homes are opting to delay their payment due to pandemic. >> reporter: the number of bar rowers in the mortgage bail out is shrinking slightly but with red flags. the bail out includes government and private sector relief for homeowners allowing them to delay monthly payments for up to a year 7.67% of all mortgages outstandings are in forbearance now. that's down. that translates into 3.8 million homeowners according to mortgage bankers association. by loan type, the numbers are dropping for loans backed by fannie may and freddy mac. fha is a lower down payment option for borrowers with lower credit scores. these ar

o'leary: oh! this is a very special business. are you crazy?! don't want to have to put you in time-out. you lied to us. captions by vitac --

robert, should we be thinking about the spacs almost like "shark tank" this is kevin o'leary and they'll lend some of their expert advice. is that part of the dynamic here as well? >> definitely, but what's interesting about this is the family is holding onto more than 50% of their holding they are cashing out 10% but this is a family that is fourth generation, as you've said they've held this company for over a hundred years the fact that they're staying in with so much equity is a good sign they need more cash to buy these smaller brands, get scale and maybe one day get sold, whether it's positive at the presepepsi buffett or somebody. this gives them the cash to do that it's still going to be a family-owned business and that's a very good sign for investors >> fair enough it just makes me feel like a kid again when i see those utz brands >> cheese balls. >> cheese balls! >> potato sticks >> they should have done a roadshow >>> another sign we could be witnessing the end of office buildings as we know them. pinterest paid nearly $90 million to scrap a lease in san francisco. just anoth

she was known as major o'leary, a terrifying figure. i think he was actually quite scared of her. he was a complete bastard. his deputy called him the greatest son of a bitch i've ever known and also the most capable. in 1945 he employed a headset in which he sort of yelled commands. his empire was across the world. he was very tough but the guy that was needed to get this thing working. oppenheimer on the other hand is the exact opposite, very thin cadaver of a man, he weighs 116 pounds by the time of the trinity test. he is on five packs a day by then really smoking himself into an early grave and died of throat cancer in the early '60s. he is a very, very nervous man, very thin. he is a man who believes in an open society. he thinks scientists should be able to talk to each other. groves is a security freak. groves really is a security freak. not only did he actually set spies on oppenheimer and bugged his phones and tapped his everything but he also was such a security freak that even his own family, his wife and two children who lived actually quite near here in washington ha

she was a major o'leary. he was scared of her. he was a complete bastard. his deputy called him the greatest son of a bitch i have ever known and also the most capable. he employed a headset with bold commands. his empire was across the world. he was very tough, but he was the guy needed to get this thing working. oppenheimer is the opposite, very thin, cadaver of a man. he weighs 116 pounds by the time of the trinity test and on five packs a day, -- he died finally of throat cancer in the 1960's. he is very thin, very nervous. he is a man who believes in open society, that scientists should be able to talk to each other. groves really is a security freak. andet spies on oppenheimer bugged his phones and everything. he was such a security freak that his children that lived near here had absolutely no clue what he was doing every single day of his life, when he went into the office running the most expensive weapons program in history. the first time they found out about it was on the day the bomb was dropped in hiroshima when he rang up his wife and said yo

small business playbook virtual summit with facebook's sheryl sandberg, goldman-sachs's plus kevin o'leary, it's all about providing small business owners with resources to survive today's crisis and provide a path forward to thrive tomorrow. go to cnbcevents.com/smallbusiness playbook to rengistration >>> up next, is the stock losing its magic? that trade ahead "fast money" is back right after this (mom) come on, hurry up! all systems go? (mission control) 5 4 3 2... and liftoff. (vo) audi e-tron. the next frontier of electric. get audi at your door remote services through participating dealers. - any idea how much it will cost? - you have a choice. insurance or goodrx. - i have insurance. - insurance is not what it used to be. people struggle to get their prescription covered and prices keep rising. i recommend goodrx. you get free coupons to save on your prescriptions. - [narrator] compare prices to get the best discounts. - goodrx, smart. - [narrator] stop paying too much for your prescriptions. download the free app today. what happens when puts its customers in charge? well, the good

she was known as major o'leary. and i think he was quite scared of her. he was a complete bastard. he was -- this is in 1945, he employed a headset in which he bold commands -- his empire was across the world. he was very tough but he was the guy that was needed to get this thing actually working. on the other hand, oppenheimer is the opposite, he's a corpselike man. he weighs 116 pounds by the time of the trinity test. he's on five packs a day by then. he's smoking himself into an early grave and he died of throat cancer in the '60s. he's very, very thin. a very, very nervous man indeed. he's a man who believed in an open society. he thinks that scientists should have been able to talk to each other. groves thinks -- he's a security freak. not only did he actually -- he sent spies on onnppenheimer. his wife and his two children who lived here near in washington had absolutely no clue what he was doing every single day of his life when he went into the office running the most expensive and most important weapons program in history and the first time they found out about it was actu

coming up tuesday morning, a discussion on state and federal unappointed insurance with christopher o'learythe senior economist at the upjohn institute for employment research. ofwill preview the rehearing the michael flynn case with washington times justice department reporter. what she spends washington journal, live at 7:00 eastern, tuesday morning. be sure to join the conversation when her phone calls, facebook comments, text messages, and tweets. ♪ >> here's a look at our live coverage tuesday. at 9:30 a.m. eastern on c-span, the full d.c. circuit court of up three hears oral argument to determine whether a federal district court judge must dismiss the perjury case against michael flynn as recommended by the justice department. in the afternoon, our campaign 2020 coverage includes vice president pence accepting the endorsement from the arizona police association in tucson. at 7:00 p.m. eastern, senator ed markey and represented of joe kennedy face each other and a senate primary debate with three weeks to go before the massachusetts voters decide who moves on to the general election as

there's just the end the question is like kevin o'leary said, is that okay is it okay to ends, david? >> i'm not quite sure i follow exactly what you're saying. >> you can't start a business after you stop it. >> the point is you have to keep it going >> yeah, you owe too much. how much forbearance are you going to get >> the point being we need more government aid to continue to allow businesses to stay open in some fashion >> we need rent money. when i think they're going to let it go, i think would fdr let it go? was that fdr's plan? look at the jobless claims aren't they more fdr like than, say, johnson like or w like? >> they are the worst we've s n seen -- there's a big gap between 1 trillion you said yesterday you think we're going to get there, at least in terms of $400 i believe i heard you say that. >> senator mcconnell who we'll have in a few minutes, carl, is saying -- he's open to a 600 you're absolutely right, carl, the main thing is to deliver no senator will come on here and say, i don't have the votes. geez, maybe he will. we can't have this go on forever and just hav

one of them was named jeremiah o'leary, an irish nationalist. this is one of the issues of the 1916 campaign. why would there be sentiment along the irish population. they were still under the british flag. they wanted independence. he was basing all of these problems. the question is, what is he going to do about it? the trouble arises after that election, particularly in regard to zimmerman though, where germany was plotting to get mexico to attack us and get their lost provinces back. >> can you tell us a little bit more about -- do you know the story? >> i do not. >> was the daughter of a senior partner -- >> yes. >> another thing we want to highlight was the importance of wasis used importancejus -- the importance of mrs. hughes in his life. she was the daughter of walter carter, the senior partner in the hughes law firm. he met her at an office holiday party. issue was a very educated woman, influential in his life. he also had three daughters who together with mrs. hughes, i think they have a great effect on his views, including women's s

enter "shark tank" titans, kevin o'leary, a/k/a mr.eal estate mogul barbara corcoran delivering special messages of opportunity and optimism. >> hi. i know all about your town. i'm going to come to the rescue. i'll give you everything in my brain to help you along. >> so cool. >> i'm talking to you, sue, paula and simon. let me help you build your business up. >> wow, oh, my goodness. >> i'm nervous. >> i'm sweating even more now. >> reporter: mentoring these deserving entrepreneurs. >> awesome. >> that is like a dream. >> oh, my gosh. that is very exciting, very exciting. >> especially to be able to talk we, t successfa very strong, woman. >> just to get a couple minutes with barbara is like super exciting. >> i'm really looking forward to it and the knowledge that he brings i think is going to be great or all of us. >> absolutely. >> and for the town and everything. >> yeah. >> reporter: what a special surprise that was for those small business owners. each one of them will receive a private one-on-one mentoring session with barbara

one of them was named jeremiah o'leary, an irish nationalist. this is one of the issues of the 1916 campaign. which is that, why there would be anti-english sentiment -- it would be among the irish population. they were still under the british flag. they wanted their independence. hughes was facing all these problems. the question is, what is he going to do about it? the trouble arises after that election, particularly in regard to the zimmermann note, where germany is plotting, trying to entice mexico to attack us and get their lost provinces back. >> internet -- antoinette carter, do you know more about how he and his wife met? >> i do not. >> she was the daughter of a senior partner -- >> yes. >> we will come back and hear more about their marriage. >> another thing we want to highlight was the importance of mrs. hughes in his life. we have selected their wedding invitation, their wedding invitation, and a photograph of the two of them in their prime. she was the daughter of walter carter, the senior partner in the hughes law firm. justice us

sharyl sandberg, kevin o'leary and many others part of it to provide small business owners the resourcese in today's crisis and provide a path forward takes place on august 12th you can check it out on cnbc.com/small business playbook to learn more. becky? >> andrew, thanks. >>> when we come back, the july jobs report. all of wall street's going to be watching for the number and the market reaction. first, gm's new play to take on tesla with the cadillac of electric vehicles, and we mean that literally that story is next >>> right now as we head into a break, check out shares of uber off the second quarter results revenue beat the street's forecast but because of the pandemic it fell 29% from a year ago. ride gross bookings were down a whopping 73% but virus lockdowns helped uber eats rise. that stock is down by 2.5% you can catch an oaks inclusive interview with dara khosrowshahi stay tuned we'll be right back. but, we have aunts. you're slouching again, ted. expired, expired... expired. thanks, aunt bonnie. it's a lot of house. i hope you can keep it clean. at least geico makes bundlin

playbook virtual summit with facebook's sharyl sandberg, goldman sachs margaret anadou and kevin o'learyner chuck. it's all about providing small business owners with resources to provide a path forward to slief. you can go to cnbcevents.com/smallbusinessplay book to register scott? >> just slightly north of $40 a barrel nat gas ticking hiergh stay tuned you're watching "squawk box" right here on cnbc ♪ come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ >>> we have a lot more coming on "squawk box. mohamed el erian will beer he. stay tuned, you're watching "squawk" on cnbc what happens when a wireless carrier puts its customers in charge? well, the good news gets shared. and it gets rated #1 for customer satisfaction. but don't just take our word for it. take theirs. it's your wireless. your rules. only with xfinity mobile. call, click or visit a store today. >>> welcome back, everybody. the u.s. economy shrank at the fastest rate on record in the second quart

virtual summit will gather the most trusted and inspirational voices including sharyl sandberg, kevin o'learykes place august 12th visit cnbcevents.com/smallbusinessplay book to register >>> mohamed el erian on the markets and president trump signing several executive orders aimed at extending coronavirus relief over the weekend. a look at the economic move. "squawk box" is coming right back very strong taltechnicals. that allows the market to shrug off fundamentals am i surprised no >> in terms of the risks out there to the market, one is the lack of this deal in the short term the eother is escalating issues in china what has spooked the markets so significantly? it doesn't seem to be the case anymore. what do you make of that >> markets have been conditioned to ignore all of that, and for good reason. that is because they are confident that there's reliably ample liquidity. i think, wilfred, what derails this market isn't more china/u.s. tension, isn't more political differences, it would be if we get them large scale bankruptcies otherwise you have a very strong technical supporting this

summit will gather the most trusted and inspirational voices many business, sheryl sandberg, kevin o'learyhers. the resources to survive today's crisis and a path forward to thrive tomorrow. visit cn cnbcevents.com/smallbusinessplay book >>> stock futures surging after russia said it approved a covid vaccine and that one of vladimir putin's daughters has received it more reaction straight ahead. >>> the latest on the pandemic relief efforts in america. we'll tell you what's next for the president's executive orders and stalled talks with lawmakers. as we head to break, a look at yesterday's s&p 500 winners and losers as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected. >>> welcome back to "squawk b " box," everybody. if you are just waking up there's some big news breaking overnight. something worth paying at