i'm joined now by don peebles. great to have you. take your word about changes being permanent, more to heart because it's in your interest for them not to be i would expect, no, kelly, we're going back to the old normal it's all going to be fine. what do you think we're facing as we head into 2021 >> well, you're correct, by with the way. the industry's typical result is kind of a head in the sand i think that what has happened here, the pandemic accelerated some of the disruption in the market, especially when it comes to big box retail. if you look at the shopping centers across the country and you look at big box retail, brick and mortar retail even in new york city, you've seen massive vacancies and massive closures that was accelerated during the pandemic, and americans adapted even more so to online shopping. and so what we'll see coming back is a repurpose of many of those brick and mortar facilities into more entertainment activity, more housing, and the retail that will survive will be connected in a part of a retail experi

charles: don peebles, always appreciated thank you, my friend folks, at 2:45, liz peek is going to giveher take on joe biden considering a tax to crackdown on america's guns, and there's a lot of jargon coming out of wall street that sounds more like advice from arnold schwarzenegger. i'm going to get into it to you but with getter jargon just to prove a point, we'll be right 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. - hey kaleb, what's up? how you doing? - hey, i'm good, guess what, i just had my 13th surgery. - really? i just had my 17th surgery. - well, you beat me. - well, i am a little bit older than you. - yeah it's true. how are you doing? - i'm doing good. i'm encouraged by seeing how people are coming together to help each other during times like these. - kind of like how shriners hospitals for children is there for us. imagine if i couldn't get my surgery. who knows what would have happened. - same fo

saw last week we'll ask with the dow already off its earlier highs and real estate entrepreneur don peeblese permanent changes across retail and office space and doesn't expect a quick rebound in 2021 he'll join, and a retail rebound today,

don peebles with us, democratic fund-raiser, much, much more. don, what do you think of this? this is a turnaround albeit from very low levels, where do see it go from here? >> rents are going down significantly, that is compelling young people to come into the marketplace or get a better apartment. you're seeing a shift. you have to look at absorption of rental apartments. i don't think that is a positive of a picture. i think we're seeing people shift around. rental rates, rental buildings, for example, the price declined almost 40%. called on a little while ago a deal we're working on with a top broker in new york city, bob nagel. he was giving me statistics which are staggering. 1600 families pay 27% of all the taxes to run new york city. 65,000 pay 53%. i mean you think about those numbers. they're leaving. what does it take for them to you know, fundamentally shift new york? i think that is what is happening is. new york is fundamentally changed. this was before covid. covid is just accelerating these things. so i'm not optimistic on rentals as an owner, but as a tenant,

great to see you this morning as also a thank you so much, sir, of course, we will be watching don peeblesest on case of mark and patty mccloskey a new lawsuit out they will tell us but when we come right back i will speak with founder of parler how the election boosted his platform popularity freedom-loving americans will not accept censorship they are moving to parler, you are watching "mornings with maria" live on fox business. for smarter trading decisions. fidelity. new projects means you need to hire.gers. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. we use 11. eleven. why do an expense report from your phone when you can do it from a machine that jams? i just emailed my wife's social security number to the entire company instead of hr, so... please come back. how hard is your business software working for you? with paycom, employees enter and manage their own hr data in one easy-to-use software. visit pay

. >> what about that, so you know we had don peebles on the show recently real estate developer, throughoutry, mostly new york and florida but he says look when you look at what is taking place in new york, in particular, with the riots the looting boarded-up he says retail brick and mortar is dead. he says you know, right now, people are so used to doing things, digitally online, you are going to see that >> do you agree. >> no, i think stream exaggeration i think paenld likely accelerated what was a trend in you know the consumers acceptance of digital retail, probably by 3 to 5 years. but you know, in the u.s., particularly, because of the way we are constructed you know, it -- the top end of e-commerce retailer is probably in the 20 percentage that means 75% brick and mortar some form or fashion, i think you see, real winners in walmart, target, where they have been able to integrate physical and incidentally retail i think that is where the future goes. maria: yeah, i think walmart is a different situation i should have pointed that out you know, smaller retail stores, i think what don

by end of this year more on real estate, and what is happening, is the people's corporation ceo don peeblesck me to see pictures of new york last night so many stores boarded-up, people worried about also very after election regardless of who wins, what does this do, to -- a city and to, you know, those leaving 2 city high earners finance and tech deals citing concerns over 9-billion-dollar budget shortfall what is happening to beautiful city boarded-up all the time. >> thee three things converged to create perfect storm for decline, one was diminished quality of life increased cost of living doing business rising crime, for example, patterned massive shutdown quarantine of the entire city and most of the state, then add that to the election, and also, the civil unrest that took place over the summer those things have forced people or encouraged people to leave new york city and they've been doing that in droves tune 300 people a day. >> what are the implications of that don? >> well i think what happened, of course, demand declined rapidly if for sale condo market was 30% northerlies own h

feels like the right thing to do i'll look through this and kayla, over to you >> let's bring in don peebles. we just heard from the former vice the. he doesn't expect any movement until at least morning, could be days after that. what are you expecting how does this play out >> well, i think that as you all were just discussing, i think we have to see what happens in nevada of course the rest belt. we have to see what pennsylvania does i think the race is much tighter than anyone anticipated. the vice president has many options to win trump has several options to win as well. so, the business community's going to be kind of sitting on pins and needles to wait for an outcome. one thing we like to have is certainty. uncertainty makes us uncomfortable. >> still, don, though, the upside as i see it, turnout appears to be strong for both parties, voting has gone smoothly this is how democracy is supposed to work but talk to us about policy. whatever happens -- wait got to get back to shepherd smith. >> we have decisions now in from nbc news the state of iowa has just been projected to go for don

don peebles served on president obama's national financial committee, and he joins us now to break itic agenda and we have that for the audience to look at, repeal and replace the 2017 g.o.p. tax cuts, raise corporate tax cuts to the tills, raise the minimum wage to $15 an hour, a $700 billion "buy american" plan plan. the first thing that strikes me as concern is the corporate tax rate and the implication that that will have on citizens as it trickles down and just these promises that were made that tax hikes would not hit anyone making less than $400,000 a year that nonpartisan says have said simply is not true. can you weigh in on that with me please? >> i think, first of all, without control of the senate, those reforms are impossible to get through. i don't think a republican senate will allow that to go through; so this depends on the two candidates, two democratic candidates in georgia winning their runoff, which is unlikely. however, the tax policies and the tax reform bill that was passed under president trump actually increased the top bracket income because they eliminated