charles payne, to you, my friend. charles: most hospitable town in america. [laughter]. i thought the idea was to lure people into the city. neil, we'll cover that as well. thanks a lot. good afternoon, everyone, i'm charles payne. this is "making money." breaking now, great news, i won't say great, much better than expected news on unemployment and earnings helping the market today. what is going to happen, folks, when the vaccine comes? some are saying it could be disasterous. where you want to be positioned so you don't lose your shirt. before we get to all of that, the american people, we need more relief. congress is not helping. what president trump could do on his own to keep that ball rolling. speaking of president trump he is touring whirlpool which brought jobs back to our shores. we'll take you there live as soon as we can. that much and more on "making money". ♪. charles: so it was a major beat on the labor front on all parts of, right? initial jobless claims declined 1.2 million. down 249,000 in one week. well below consensus. wall street was looking for 1.4

charles? charles: wow. blake, thank you very, very much.or more i would like to bring in national taxpayers union senior fellow mattie duppler. you and i have had this conversation for some weeks. you're in favor after fiscal package coming out of d.c. but would you be okay with 875 billion for states and cities? >> 875 billion, call it what it is, trillion dollars for state and localities after $150 billion in the cares act. it is not to say that states and localities need some type of support from the federal government, the question is how much. 875 trillion a almost certainly way too much. that is why the national taxpayer unions called for strict guardrails for any funding goes out the door, particularly for funding goes out the door for states. needs money specifically earmarked for covid related purposes. not for states with spending largess problems. not for states with pension problems. majority leader of the senate, mitch mcconnell certainly talk about. that is the position republicans are unified are. you heard blake mention a co

charles payne, to you, my friend. charles: thank you very much, neil. good afternoon, everyone, i'm charles payne and this is "making money." breaking at this moment another strong day from the also-rans. you know they were watching the rally from the sideline? they continuing to surge. buyers are buying growth and defensive names and those that benefit from a strong economy. by the way it is not just vaccine hype. there is a lot of proof our economy is kicking up steam. believers have to get in now as the train is leaving the station. i have information to help you get in the best position. speaking of vaccines, russia is claiming they're winners in the race for the coronavirus. officials are skeptical. they're not only ones. there is major progress here at home. dr. nicole saphier will weigh in on that news. house speaker nancy pelosi says she sell whoing firm in negotiations for stimulus to the american people. more proof that president trump had to take matters into his own hands. we'll hear from steve moore and congressman matt gaetz coming up. all

welcome back, charles. charles: thank you very much. glad to be back. harvey: how was the trim? charles: good. good. came back to, you know, absolute aos -- chaos again in the country. harvey: you did and we are going to start with that chaos and the fallout, and there's so much of it from the jacob blake shooting. so much collateral damage beyond the fact that poor jacob is paralyzed from the waist down and no yet on why he was shot three -- seven times in the back but there were three kids in the car that desperately need help. charles: seeing him shot, you can imagine there are long-term ramifications and something is family is dealing with right now. harvey: we had ben crump on while you were away and ben rightly said we're not talking about short-term, we're talking about lifelong issues these kids are going to have. remember, these bullets were flying inside a car that they were. in beyond terrifying, beyond horrific. these kids need help. >> they're going to need help for a long time. the family is evaluating two different options, either a therapist or a therapy team but

charles: okay. >> some stimulus. >> charles? charles?oes it not bother anybody, does it not bother anybody that we're not even talking about whether or not we should add on to the $2.7 trillion we have already injected into the covid reaction? just the fact that we haven't seen that play out. we're indebting ourselves, charles. republicans and democrats are on the same side. the question is should we do more or not. the question should we do one trillion, three trillion. the fact is after the election we're just going to do more. we are setting ourselves, indebting ourselves and monetizing the debt by the federal reserve. the repercussions will be felt later on. i find myself as, charles as an investment strategist economist in this difficult position where i have to say fundamentally, things look fishy but i have to be in the game because i'm always trying to get one step ahead of the fed. what are they going to buy next? charles: i think, i think that is the bottom line though. we're all in this to make money. everyone that people are

charles payne, to you. charles: only problem, neil. like i got an hour. you have an hour head start to dunkin' donuts. neil: i will bring some to you. i will bring some to you. charles: thank you very much. i appreciate it. good afternoon, everyone, i'm charles payne. this is "making money." breaking now -- president trump: i built the greatest economy in history. greatest job numbers. greatest stock market numbers. nobody ever seen it. i was cruising to election. charles: president trump that the american people know it was the pandemic not his policies that crashed economy. that is message he should take to november. u.s. jobless claims. below a million first time since the lockdown started. blowing away optimistic expectations from housing, manufacturing, employment. the s&p with all-time high. it would be monumental. i have two of the best money managers who will share your thoughts as well. why are cities deliberately regressing into more dangerous havens of fear and hopelessness? the economic impact on people will last for a generation. we'll have t

charles: i know.all street in general has been concerned about the valuations of tesla for the last 2000 points. shah, i like what phil said, there are fundamental things that were happening. you can argue the move is too much. you can't argue they have delivered. that is one of the reasons they become cold stocks. >> i don't think we can argue the valuation that would take forever. in my opinion we're lofty, that is putting it mildly. especially tesla, when the market cap is greater than all the automakers in the world combined. that is a little frothy. people are willing to pay up for the earnings. if you got earnings, producing earnings, growing earnings, you can afford a higher multiple on these stocks and that's what's happening. charles: no doubt about it. i suspect more stocks will announce splits in order to induce the individual investor into this market. the question is, who should be considering splitting their stock? erin, you know, listen, a lot of people asking me, why won't amazon do it

charles? charles: hillary, thank you very much.oining me right now the spokesperson for the rnc, liz harrington. liz, congratulations, the party has started. so far, so good. president trump riffing there, i likes when he goes off script is sort of having fun with this. just sort of give us what we should be expecting, some nuances what we should be expecting? >> well, charles, you're right. there is no party like a trump party. we love when the president goes off script and talks about the real contrast in this election. what you're going to see at our convention this week is what is best about america. america always defying expectations, living up to our founding principles of freedom and liberty. what you're not going to see, you're not going to see us leave out one nation under god, which democrats did last week. you know what they did? why do they even bother saying the pledge at all? liberty and justice for all? they're not going to give you liberty. joe biden says you will be like him to hide in the basement until the virus

hey, charles. charles: hey, neil thank you very much look forward to that interview in the meantime folks good afternoon. i'm charles payne, this is " making money" a stronger than anticipated jobs report, much stronger than expected earnings and other signs pointing to a v- shaped recovery that's still possibly intact but investors will be grappling for the next big catalyst i've got brilliant guests that will have answers for you plus president trump continues to pushback on our decades-long uneven economic relationship with china, and now it's the battle for cyber sovereignty we're going to take a team dive and we've got winner s and losers today in how today's winner is blazing a trail for all black military service members. breaking news on that and so much more on "making money." >> you know folks its been a really intriguing session so far with more winning sectors than losing sector which is is actually the reverse of earlier sessions this week when there were fewer winners but those winner

here is charles payne. hey, charles. charles: can't wait for tonight, neil.ood afternoon, i'm charles payne. this is making money. the shortest bear market in history as s&p 500 lodged all-time highs. i tell you why i continue to be optimistic. hint, it has a lot to do with experts stitt dumping on this record breaking move. democrats officially nominate joe biden as the candidate. including with republicans. more republicans fall in primaries. we'll get. white house advisor peter navarro. all that and so much more on "making money". ♪. charles: like a grizzly, out like a teddy. the shortest bear market in history was a ferocious beast with everyone heading to the hills. many predictions of a potential doom and nuclear winter for stocks that would last for years. economic data was coming in better than expected there was extreme pessimism on wall street. meanwhile something different was occurring on main street. regular folks sensed an opportunity. it wasn't just millenial traders populating robinhood. we heard fidelity added 1.2 million new accounts, liftin

charles: yeah. think fintech is giving traditional banks a run for the money but i want to come to kathryn. another thing helping this market, let's face it obviously the federal reserve. this week we got a bid in anticipation of a jay powell. apparently he will make a historical announcement. something that will change the course of fed history, taking some serious risk here. they will let inflation run hot. here is the thing, kathryn, i said for a long time that they have been deathly afraid of deflation. you're a critic of easy money. it will get easier probably after tomorrow. >> absolutely. i think it is inflationary ultimately. one of the biggest fallacies in modern economic theory that inflation is a phenomenon no longer exists because it hasn't existed the past 10 years because the onslaught of liquidity both from the led ral reserve from the federal government in 2018 and 2010, it did not cause inflation then and will not cause it now. people are underestimating the magnitude of the estimat

charles. i watch people, how they live, work and shop and how they're reacting while staying at home and restoration is very interesting here. it is obviously a high-end play. when you're sitting at home, remember the pandemic caught two markets, right? a high-end market and low-end market f you were flush with cash before, you're sitting around, you may want to redecorate the house or redecorate your husband. restoration hardware is handy and they have gorgeous source books. i love etsy. charles: i love restoration hardware. i've been buying the stock for a while. also the furniture as well. we're running out of time. erin, just real quick, what should we be cautious about, erin with a little bit of time left? what should we be worried about because things sound too good to be true? >> [inaudible]. big question mark. then also a lot of people still have not received their unemployment. so i don't think that will necessarily hurt the grocery prominent names. however it will continue to hurt ap

charles: yeah. mean, there is sort of the vilification of anything associated with president trump, from elitists in hollywood and elsewhere, down to where you work, it is pretty tough. we already know that conservatives are so intimidated by voicing their opinions in the work place, it already seems like a dispiriting place to go every single day to have to go somewhere, hey, by the way i like so-and-so without being mistreated? >> yeah absolutely. you look at the case law that is saying that employers are required to accommodate people who prefer to show up at work in transgender apparel, for example. that case that just went up to the supreme court on the title vii question. so you see all of these accomodations that christian and conservative employers are having to make for employees according to their sincerely-held beliefs are not even provided specific protections within the context of the civil rights act, and yet you see that some other viewpoints are not equally protected, there is clearl

charles? charles: blake, thank you very much.izona republican congressman and house judiciary committee member, andy biggs. congressman bigs thank you very much. what do you make of this? you know, we look at the u.s. postal service. they shed over 200,000 jobs in the last two decades every year they get rid of thousands and thousands of those metal mailbox collection locations because they are used so in frequently these days now it's the number one political topic in the country. >> yeah, and you hit it right on there it's a political topic right now, so that's why we're going back into vote tomorrow is because speaker pelosi wants to give $26 billion not related to the election, not related to covid but simply give $26 billion to these folks, and this is an agency, by the way, that's sitting on $13 billion in cash and president trump signed into law an additional line of credit for $10 billion so this is really political theatre right now, and it's consistent with everything you'll see between now and the election charles: i f

here is charles payne. charles: thorny might be an understatement, my friend. i'm charles payne.his is "making money." neil: you may be right. charles: you're right about that. it is a lazy, hazy say. one of those dog days of summer. i have to tell you something, there is intense excitement about the s&p 500 closing in on a new high. meanwhile the nasdaq is still on fire. the mega cap stocks maintained mojo. but the dow jones industrial average that continues to sag. no longer an effective gauge of the market or the economy. a lot of pressure coming from warren buffett, position sales. wait until you hear what the "oracle of omaha" is buying. you can't wait for this one. the democrats continue to be appalled at idea of cutting funds for the most h post office by not for police. nancy pelosi calling back but not for stimulus. get reaction from liz peek. bernie sanders gets the spotlight tonight and we'll have a live preview. i will get reaction from sean hannity later in the show. all that and more on "making money." ♪. charles: we start the week back at s&p 3393 watch. 3393, keep

charles payne on that. much more. hey, charles. charles: neil, thank you very much. good afternoon, everyone. i'm charles payne. this is "making money." breaking right now the major incan sees are hovering around all-time highs the shakeup in the dow jones industrial average ironically hurting it today but it speaks to the new economy versus the old. coming up what other names should be add towed the index and perhaps to your portfolio. psychological hurdle derailing rally attempt in value stocks. i will share with you how i think the powell epiphany came about, what it means for the society at large. today's rnc is set to focus on the cancel culture featuring famous faces. i will be joined by one of yesterday's speakers, maryland congressional candidate, kim klacik she is an internet superstar. all that on "making money." charles: i think something profound happened to jer role powell during the two weeks when the federal reserve hiked rates, december 20th, 2019. it was the ninth interest rate hike of 2015 after essentially the fed went for seven years to zero perce

charles? charles: all right. ashiah, really a shame.n new york since '74 and it is really getting bad. thank you very much, appreciate it. >>> you know, folks as most of us continue to work from home, there is a new trend popping up. states are taxing remote workers. massachusetts's governor says he will continue to tax residents in new hampshire who normally commute to his state to work even those these people, they are not leaving their homes. there is also reports new york is doing the same thing. no wonder americans continue to flee these high-taxed states. i want to bring in ashley webster. ashley, this is kind of nuts and i think it will get uglier, the worst case, best-case scenario most part we'll working from home throughout rest of this year and a lot of people will continue working from home seeing how productive it is for them. ashley: you have not stepped foot, say you worked in connecticut, you haven't stepped foot in new york. they will still come after you. connecticut will give you a tax credit to a limit or against tho

they're not done yet in lake charles.her two or three hours before you get out of the southern half of the storm. so here's a look at where the eye is. you can clearly see it there. they've been kind of on the edge of the eye. rain-free area for a while, and now they're about to get back into the heavier rain bands and on the southern side of the storm. ma maryville. you can see de-quincy, beaumont and port arthur, 50 to 60 miles an hour. there's a big difference. lake charles is going to have homes and businesses, roofs that were just obliterated. port arthur and beaumont, tree limbs and minor power outages. lake charles, it could be weeks in some areas. some neighborhoods before you get power back. so let's take you through the timing of this. 130. this is the end of category 4, you know. shortly here -- the next update will be a category 3, and we'll quickly go down to a tropical storm by the end of the day as you expect over land. by later on today, the storm is still pretty strong over shreveport. we could get gusts

here we go, charles payne. charles: thank you, neil. this is making "money." the driver for the next leg of this rally, that means dormant stocks could be ready to take off. mounting signs that the economy is actually gaining momentum. talks in washington inching forward with modest concessions on each side. do the lawmakers not know what time it is? i will ask senator rick scott of florida coming up. and -- >> we're thinking about doing it from the white house because there is no movement. it is easy. charles: president trump telling "fox & friends" he is considering delivering his convention speech from the white house, an unprecedented move. joe biden is not even going to his own convention. we'll get reaction from deneen borelli. all that and more on "making money". ♪. charles: folks, major indices are marching higher, despite a early report from adp on jobs. that was a big disappointment. stocks are climbing focused on the stellar service data and drop in crude inventories. i want to bring in spotlight assets shana disel, and phil blancato, mike lee, of m

let's go to katie beck in lake charles, louisiana.l was telling us is it may get calm because the eye is passing by you. is that what you're seeing? >> reporter: exactly what bill described, sort of on the backside, not experiencing the rain any more, but the wind is powerful. not quite what it was an hour ago, but i am keeping an eye out behind me, because we have debris flying everywhere. this is actually a piece of the building from the casino where we're staying that has been flying around. but there are all kinds of structures, trees, signage, things that have been blowing around this parking lot, making noise over the past hour or so. so i am keeping an eye on things as i hear things crash and sheer behind me. in terms of the storm surge, we were expecting to see more flooding here in lake charles. the eye making that slight shift. again, daylight will tell us a different story. some of those low-lying areas closer to the water have a different story to tell. there is definitely large pieces of metal coming off of the building w

to charles payne right now. hey, charles. charles: hey, neil. thank you very much. and good afternoon, everyone. i'm charles payne, and this is "making money." breaking right now, folks, here we go again. value names are taking off, maybe this time the rotation effort sticks because of major shifts in the underlying fundamentals and drivers. jerome powell pausing rate hikes to create what he calls true maximum employment that could the create maximum stock market return x. that big news on coronavirus testing which means a stronger economy before we get a vaccine. these developments could change everything, and that includes for your portfolio. i've got some of the best names in the business to share what they're doing with their portfolios. and nba players boycotting basketball games following the police shooting of an unarmed black man in wisconsin. we're going to get the thoughts of one of the black speakers at the republican national convention. mark meadows and nancy pelosi scheduled to speak at 2:30 does any of this job news wake up congress? i'll ask senator

charles payne right now. charles: thank you very much, good afternoon i'm charles payne and this is making money, i gotta tell you some numbers fell today for the stock market as we continue to get better-than-expected economic data, personal spending higher, personal income higher, consumer sentiment is up, all this will shed an economy, what happens to the market when we get better testing even a vaccine, the stocks you should be invested in our straight ahead also a historic night at the white house is president trump officially accepts the party's nomination. watch. >> with a heart full of gratitude and boundless optimism. i profoundly accept this nomination for president of the united states. >> more highlights the complex reaction from trent 2020 national press secretary. also violent protest rocky wisconsin this week following the police shooting, american cities are in chaos that there is hope later in the hour i will share with you some powerful messages from the arrest whose poised and formed all of

because lake charles had a wind event. the winds in lake charles were over 120 miles per hour gusting for over one hour. that's an ef-2 tornado on the ground over your house for one solid hour. now, that doesn't make the damage that we saw in mexico beach. the damage we saw in mexico beach was the water damage. it was the storm surge. so cameron, holly beach, those are the areas that look like what we saw in matthew. what we're seeing here is the wind event as we push you in a little bit closer, and now it's getting very close to fort polka. a very populated area up there. a lot of buildings up there. and the wind is going to continue at about 100 miles per hour. we're down to a category 2 right now. but ft. polk right there, you're on the worst part of the eye wall. the winds are going to continue to increase for the next 20 minutes. and finally go away. 300,000 people already without power here. and the power lines are going to be down for a very long time. this is going to be a storm system that knocked down so many tre

turn the lights out from lake charles all the way up to probably into shreveport and lake charles could be significantly changed as a result of this storm from the wind damage projected to be up to 110 miles an hour as you go through lake charles. so we're looking at a big event that's going to put the lights out and that's -- we're still working on predicts. a few hours before we get the actual height of the tidal surge but the surge water that went through cameron from predicts much of cameron parish is now under water. >> hey, general, as you were so involved post-katrina and the infrastructure reinforcements that happened thereafter, what do you know about the area of cameron? we're looking at pictures earlier in our coverage there in the area of how homes are raised on stilts. that became very common, right, sir, after katrina as a lot of measures were put in place. what's the defensive infrastructure there? >> you have a new high water level in cameron. the homes were built with a couple foot of free board where rita came in and now we're expecting tidal surge up to 15 to 20 feet

charles: and get out and vote. when we come back, hurricane laura crashing into louisiana and texas and weather channel reporters are in real dangerous situations. you'll see this video. overnight as the storm was hitting when it's rough out there. people are looking for change, for answers. one answer is at your fingertips, the 2020 census. census takers will be visiting households to make sure we are counted. because an undercounted community could miss out on billions of funding for schools, healthcare and job assistance each year for the next ten years. too much is at stake. respond online today. shape your future. start here at 2020census.gov. an army family who is always at the ready. so when they got a little surprise... two!? they got a bigger car for their soon-to-be-bigger family. who helped find the right coverage for them and even some much-needed savings. that was the easy part. usaa insurance is made the way liz and mike need it- easy. charles: welcome back to "tmz live." hurricane laura is devastatin

neil: i'm sorry to jump on you my friend but i'm really taking time from charles payne, charles payne never ever presume freedom on your show, he was very rude to me right there. [laughter] i am kidding. i am kidding. charles: thank you very much, but it was a very great conversation. inks a lot. i am charles payne, this is making money, breaking right now, upward bias but here's the problem, congress took a recess because let's face it, congress needs a break, the consumer is still spending retail sales are much stronger than the headlines is brick-and-mortar to emerge, which would be a good fit for your portfolio, will the s&p 500 finish the week at a new all-time record high? while congress goes home to practice, while we assess what happens with the economy, were gonna take a look at what's going to happen, let's say they don't do anything until september, we have a great economies joining us soon and president biden blasting joe biden romans ago for not giving american households a lifeline, you heard the numbers and wait till you hear what president trump will do, then there's t

the lake charles area is taking the brunt of this.hifted a little more east for us which is a benefit, the storm surge they were predicting, we didn't get in any capacity like they were sitting beginning 120 mile an hour windss, receiving that right now. another 45 minutes or so with that. >> the mayor of dallas says he is not opening traditional shelters. people going to hotels instead because of covid-19 concerns which is a statewide issue for you? >> it is one of the things we have to look at when we started making our plans for an event like this, to have places we could bring our folks and have covid-19 restrictions and bus capacities, two thirds of what they should have been in down two thirds they should have been and the thing we had to plan for we did and we made arrangements for sheltering and the storm damage we are going to receive is a lot less than we were anticipating sharply we will not have the shelter needs we thought we would going in. >> it is a warning for future storms in more populated areas that if you can't pu

charles watson in port arthur there. doesn't seem like a lot of damage in port arthur because it was on the clean side of the storm and came across cameron and would you anticipate seeing more damage in those areas where the storm came in and maybe just to the right of cameron? >> certainly. it is always the northeast quad rant of the storm that gets the worst of the storm surge and rains and winds. i will mention that a lot of reporters can't even get into the areas that have been completely annihilated. i think we'll see a coastline completely changed from this storm. >> trace: janice dean, thank you for the update. >> sandra: for more on this let's bring in white house press secretary kayleigh mcenany. great to have you here this morning. we saw you late in the evening last night at the rnc. you've seen the damage that has been done so far from hurricane laura. we know it's still a dangerous storm. has the president been in contact with the governors of those two states, louisiana and texas this morning? >> yes, he ha

power obviously is out here in lake charles. i heard we've got verification of 130-mile-per-hour wind gusts. i believe it. we've got debris and glass breaking outside and all sorts of stuff flying around way too close. the wind -- this door we can't get open. i'm putting all my weight into it and it's not budging. we can't even get outside right now. there's a fire alarm in our building. for the most part, it's coming unglued, at least outside. other than that, it's a fortress. this town is taking it right now. we're about to get inside the eye itself where these winds should go calm, at least for a few minutes. but this is the most fierce stuff we've seen so far. at one point when we were at higher floors, you could feel the hotel swaying. this being at night, you can't really see what's happening outside. we can't see the storm surge. we've got the river very close to us, or the lake, and that surge, what it's doing right now, i have no idea. no idea, because it's dark. and that may be the most frightening part of this situati

charles watson is reporting from lake charles, louisiana. charles. >> charles: hi, harris, the hurricane center storms storm surge could reach unsurvivable 20 feet in parts of texas and louisiana. in lake charles, businesses are closing up shop. take a loob at this store, you see the sand bags down on the ground. the gates are down and plastic is there doing everything to protect property and they are little optimistic, you see the sign in the door, they will be back open for normal hours on friday. this business next door may be more optimistic, they haven't done much to protect their business. there is an evacuation order in lake charles and parts of texas, many people in the path of the storm are taking it seriously, a lot of people say they are not leaving. >> i've been there for 50 years, don't make no sense to go nowhere else. got the family out, they're good. i'm going to stay here and just see what happens. >> everybody will not leave. some of us have to stay behind to watch the elders that can't go, facilities that can't move, that'

continue now into my buddy charles payne. charles. >> neil, thank you very much. good afternoon, everyone. i'm charles payne. this is making money. all the major indices are further in the green today after friday's roller coaster session that gave a huge buy signal. i will tell you what it was. i will also show you how to properly chase winning stocks. the ball is in congress' court and can law makers come up with an agreement on stimulus and what does it mean for the markets? my panel of experts have the answers restaurants have been closing left and right during this lockdown, one man decided to start one up. not his first or last. he will share his story on "making money." ♪ charles: so before we even start with today's session i want to glance back to friday in the market. we saw a roller-coaster. it was all about news out of d.c., right? remember it looked like congress

that's a major flood for lake charles. and so although this is a smaller areas of inundation that was forecast, this is still happeni happening. people are asking me, does lake charles look like mexico beach? no, it does not. this was not a water event for lake charles, this was a event event. 120-mile-per-hour gusts or later for one solid hour. that's an ef-2 over your house that sits there for an hour. think about the damage that that would do to any house in america. something else we didn't quite get to yearly. i had a graphic up here and kit disappeared, there would also still be a potential for tornadoes today from baton rouge to new orleans as the storms roll onshore from the gulf of mexico, that's the potential any of those storms could rotate and put down some small ef-1, ef-2 tornadoes at any time. we'll keep watching that. >> we're still very concerned about the rainfall, we're very concerned about the winds and possible tornadoes, not to mention storm surge that could still develop, depending on how things play

the worst of it is in lake charles. in many cases first responders are now using new orleans as a staging area and the trick for them will be getting from here to the west to lake charles. the main highway there i-10 shut down. we're talking about 120 miles of that highway. a lot of low-lying areas along the way prone to flooding so won't be so easy to get there. won't know the scope until the morning but can tell you the entire national guard here in louisiana, it's been activated. that has not happened since hurricane isaac in 2012. other agencies ready to respond as well. kenneth and mona, we will wait to see how bad the damage is here statewide with sunrise and send it back to you. >> thank you. we appreciate it. >>> coming up we take you to kenosha, wisconsin. >> there's growing fallout after the police shooting of jacob blake including new details about the officer who shot blake and more sports teams boycotting in protest over the shooting. the new details next. >>> back now wit >>> back now in the scene in kenos

gillian: charles watson live. leland.n lake charles, louisiana there's no power, no running water. the only place to get a hot meal is the waffle house, where they moved in generators and refrigerated trucks. and part of that team joins us now from a store they just reopened in lake charles. walt, you must have some happy customers on your hands? >> yeah, we really do. we feel that this is our time to really connect with the community. we're here for our people primarily, but we're also here for the communities to give them a place to get a warm meal, which is really unusual in this environment. >> you know, you guys are the last to close and often the first to open and fema has the unofficial waffle house storm gauge. if waffle houses are closed and some are still in louisiana. you've covered so many of these hurricanes and been there reopening stores. how bad was laura? what's striking you about it? >> it's really bad here in lake charles and in sulfur where we have a couple of restaurants. clearly in orange, beaumont,

charles evans hughes. woodrow wilson thought he was beaten. >> american history goes on in several different directions. what is he doing for foreign policy? he is the one you could write novels about. >> he was on the supreme court. he left the supreme court. he ran for president. then he went back to the supreme court. when of the finest minds on the court's. >> why use? >> andrew jackson said that "he looks like god and talks like god." >> charles evans hughes -- the republican presidential nominee soon after the national convention. tonight, we looked at the life and legacy of charles evans hughes who was a two-term governor, secretary of state, and twice a supreme court justice. he was perhaps best known as one of the co-authors of the new deal. we're broadcasting live across from the capitol. he inaugurated this building when it first opened in 1935. let me introduce you to our guests this evening were joining us to talk about the life and legacy of charles evans hughes. my first guest is an historia

. >> the man who did get it a man , named charles evans hughes. he had been governor of new york and a supreme court justice. he had all but won the election. when woodrow wilson went to bed that election night, he thought he was beaten. >> if he had been elected, how american history goes on in several different directions -- on suffrage for women, civil rights, what you do in foreign policy. he is the one you could write novels about. >> you had charles evans hughes, who was on the supreme court. he left the supreme court. he ran for president. then he went back to the supreme court. one of the finest minds on the court. >> a fellow justice called hughes the greatest in a great line of supreme court justices. >> why hughes? jackson said that hughes "looks like god and talks like god." [laughter] >> >> charles evans hughes -- the republican presidential nominee soon after the national convention. tonight, the contenders look at the life and legacy of charles evans hughes who was a two-term governor, secretary of state, and twice a supreme court j

the eye of the storm system is sitting in lake charles right now t. we'll continue to watch the backside of this system make its way up into this area, but this is a destructive storm system this is the strongest storm on record to ever hit southwest louisiana. i do want to do some live tracking right now morgan city, there is that potential of tornados that are going to be sparking up throughout your afternoon. this is far from over. this storm system has still maintained its integrity from landfall what that means is it went in as a cat 4 and it is still a cat 4 hurricane. it will continue its way to the north and we're currently have 200,000 people without power so the winds are going to be an issue throughout the afternoon but i think the next big threat that we are seeing for louisiana to lake charles is the storm surge. this is the deadliest part and that right front quadrant went into this area river levels sparked up to 9 feet in some areas and the storm surge forecast is going to be up to 20 to 30 feet so even if you're on top of your first s

charles: great.his is a really happy day for us, we just announced record harvey -- half year earnings. yvonne: e had other than the last year, and now you are preparing for the likes of n financial to come to hong kong. charles: that part of our life just continues. you have one big deal, another down, another down and you just keep on going. yvonne: do you get a sense that this is more than just a 2019 story, that this will go on for many years? charles: the pipeline of companies coming to china from the world are all over the place in the years to come but obviously in terms of large companies already listed in the united states to the extent of the other wanted to come back and have another listing, that is a limited number. still, even there we are talking about hundreds of companies with a market cap over hundreds of billions of dollars. still a lot of great opportunities particularly for those very successful companies listed in the u.s.. but here the record earning is much more about trading

but that water is coming up in lake charles.ething else for lake charmle, gusting to 135 for over an hour. that is an ef-2 tornado over lake charles for an entire hour. and this is the destruction that we'll wake up to tomorrow because i've seen some pictures, the storm chasers are out there and buildings are destroyed. lake charles is a big disaster zone right now and there is another side of the eye to come. about 130 miles per hour still right now, it will move to the north, it will eventually get all the way up toward shreveport and little rock and la fayette, you will be in it probably 70 miles per hour now, but it is still going up. it is the surge we talked about, 15 to 20 feet. the eye came on shore near cameron, louisiana. so the surge for holly beach and cameron and points east, 20 feet. and those islands aren't even 20 feet high. so it would be unfathomable to think that that lot is left there. it will take some time, i know people are going we missed the surge. no, that water is still moving your direction. that wind

we're talking winds 120 to 150 miles per hour around the lake charles area. we're talking that wind threat to extend inland as well, but it's really toughest around the coastline. in terms of the flooding concern that even goes deeper inland. but we're talking a foot of rain in 12 hours' time. but the granddaddy of them all is going to be the storm surge-- this is forecast at 15- to 20- foot storm surge around lake charles. i saw a projection saying 15.5. the record is 13, and 13 put half the city under water. i think this could be worse, norah. >> o'donnell: the most frightening projection i have ever heard. lonnie quinn, thank you. another major story we're following, n.b.a. players are sitting out tonight's play-off games-- an extraordinary move, sitting out tonight's three play-off games in an extraordinary move to protest the police shooting of jacob blake in kenosha, wisconsin. three people were shot, two fatally, during overnight protests, and tonight a 17-year- old from out of town is being held on suspicion of first- degree intentional homicide. cbs'

we experienced winds in lake charles over 100 miles an hour. i would personally estimate we beat the ghost here, 140, 150 miles an hour. this entire city is severely damaged. all the skyscrapers in the city are almost completely without glass. there's a lot of metal. pieces of roofs down on the ground floor. i am currently just getting rocked by the other side. we went through the first i wall. now we are going through the second i wall. all the winds come from the opposite direction so it will continue to do more damage and a lot of wind damage to the high-rises in lake charles. >> we always make comparisons to previous storms. it is very early in laura but which storms does laura remind you of and why? >> i have to say laura reminds me a little bit of hurricane michael. hurricane michael wade landfall in the for the panhandle near panama city in 2018, not necessarily the exact strength of hurricane michael but the way hurricane laura ramped up beginning late last night all the way through yesterday into this morning all the way to landfall re

leland, you are just in lake charles, 132 miles an hour wind. when you were able to get out of the eye of the storm and assess the damage, what did you say? >> we saw a lot of the things the president has seen, the suffering there is very real there. the mayor went down the street, the street we were standing on but it also went down every other street in lake charles. the way it blew over trees and homes, that's how we had the number of utilities we did. it turning the electrical grid into meaningless wires on the ground. the issue that there's no drinking water and there is no running water for about 180,000 people. that makes life miserable in a way that can turn deadly very quickly in just a couple of hours. you can't see from these pictures inside the firehouse and with the president went on this to her but the heat index right now in lake charles are 103 degrees. people need water to survive that. a lot of water. you did see a staging of supplies before hurricane laura that really spoke to help bad everyone thought the storm would be. the

we're talking wind 120-150 miles per hour around the lake charles area. we're talking the wind threat to extend inland. in terms of the flooding concern that goes deeper inland. hours' time to sge.t of12 this is forecast at 15-20-foot storm surge around lake charles. i saw a protection saying 15 publicity 5. erd rois 13 and 13 put half the city under water and this could be worse. norah. >> o'donnell: the most frightening projection i have ever heard. another major story we're following, n.b.a. players are sitting out tonight's play-off games an extraordinary move to protest the police shooting of jacob blake in kenosha, wisconsin. three people were shot, two fatally, during overnight protests, and tonight a 17-year-old from out of town is being held on suspicion of first-degree intentional homicide. cbs' mola lenghi reports tonight from kenosha. >kenosha. >> reporter: the shootings erupted just before midnight. the shooter, alleged to be 17-year-old kyle rittenhouse. it allegedly began when he shot one person in the head at this boarded up business. then

boney. >> charles boney.n anything to you? >> didn't mean a thing. i'd never heard the name before. uh, it was a complete shock to me. >> charles boney. a name that would change everything in the case against david camm. boney. his prison nickname was backbone, the same name inked in on the sweatshirt's collar. >> who does this guy boney turn out to be? >> as brainy as ted bundy and as brawny as mike tyson. he's a sociopath. >> charles boney -- a criminal with a history of violent crimes against women. it began in the 1980s when he was a student at indiana university. newspapers called him the shoe bandit and followed his bizarre crimes. there'd been four separate incidents -- his early m.o.? he'd knock a woman to the ground and make off with one of her shoes. >> really creepy stuff like one time he wore one of those china doll masks. i mean, like creepy stuff you can't make up. >> the police were onto him. after one arrest, he admitted, in effect, that he had a thing for ladies' legs and feet. he pleaded gui

so charles, has capitol hill become that cynical? is this really a political ploy to hurt the president suffering americans be damned? >> charles: i'm not sure, kennedy. i wish i could say 100% that it wasn't. i will say this much. i have been saying for the last three or four weeks coming in to all of this. the pot for both parties, they have had plenty of time to put something through. $3.5 trillion is ridiculous. from the democrats. i think mnuchin starting at 70% of the people salaries wasn't realistic in a country that has almost 6 million job openings but we are still down 13 million jobs from february. that being said, i applaud president trump. i mean he had no choice but to try the executive orders. maybe it will spur something in washington. congress, you know, it is just, it's unbelievable how they let this get to this point again. one of the things that really saved the economy and defied all logic, all the experts was the swiftness they moved in, in the beginning. the federal reserve, the federal government. president tr

this happened in lake charles. national weather service is calling this a catastrophic storm surge. want to take a live look, in fact, at lake charles right now which has been the victim of all this heavy rain, wind and a lot of flooding overnight. you see the winds continuing and the palm trees just blowing there. "today in the bay" jay gray is on the ground there. he'll join us with the latest coming up. >> just seeing all that. that is -- >> it is hard. i mean, just such a huge storm and i know, kari, you covered hurricanes in the past and you know this area well. >> oh, absolutely. i was there for hurricane rita that took this exact same path and was slightly weaker and that was pretty devastating in that area and seeing even stronger hurricane really makes you just really feel bad for the people there. and this is also still spawning tornadoes, as well as that heavy rainfall. and to see it that far inland and it's still a category 1 hurricane is pretty remarkable. this will be in arkansas as a tropical storm l

you can see with the national guard in lake charles, what they're doing. just saw that damage. they're getting the power saws out, and it's unimaginable, congressman, with so many people still without electricity, many without water. and they say that could go on for weeks and in some cases even months. and you're no stranger to hurricanes in your district. >> yeah. we just got hit by a tropical storm just a few weeks ago. right now it's really important for there to be good communication. individuals who have had their lives impacted, they want to know that they're just not out there by themselves, that government doesn't know what they're experiencing, that government's not out there to help. what more can possibly happen to communicate with those people who are suffering than to see the president come in. now, as you're showing those images of -- whether it's fema or it's those troops with the national guard, you can't possibly say thank you enough to those men and women who are out there. they are ready at the moment you can start any type of a rescue

lake charles is in the eye. so they're getting a little bit of a break where the winds are calm there. if this would have shifted westward a bit, they would have been in that eye wall, which is about 15 miles wide. these are not thin eye walls. but still, that's not every community. when you look at this brighter color of pink, that's where all the water underneath has been building. it's like a vacuum, upwelling of water. and that wall is being slammed now into the coastline, changing the topography and being slid all the way inland for some 30 miles. some good news, some areas of the coastal areas in this region are sparsely populated. but, again, there are people that live here. there are over 600 oil and gas platforms. this is the heart of that industry. most have been evacuated. over 80%. but the inundation alone, that's the killer. the problem is how frightening it has to be right now without power in the darkness of night. you're hearing nothing but sirens from possibly tornado warnings. you're hearing th

the intense winds are still hours away from lake charles. that's when the northern eye wall will go in. and i think lake charles goes right through the center of this eye. you notice on the backside, the beaumont area, winds are coming out of the northeast. they'll come out of the north eventually. it will be a lot less rain. it won't be the destruction that you're going to see that's really looking like it's going to primarily be on the louisiana side of the texas/louisiana border. talk talking about the storm surge, that center landfall is so important. if you're to the left of that, you're not going to get these predictions. if you're to the right of that, you have a chance of getting those predictions. one of the important things we've been following all day long, you know, the lake goes into the river which heads in through lake charles. if they don't get that southerly wind flowing up from the gulf through the lake into the river, they're not going to get that 15-foot predicted surge. a slight track to the east, i'm not saying it's not