david: right.es: similar, in our case, we think we'll do very well offering our services free for transactions, and that's the commodity part of the business. the rest of us, we give people help and advice on different kinds of things, managed accounts, banking, all of those things. but the fundamental service we want to provide is free. david: so i should not worry about chuck schwab and not making money because you're giving -- charles: you should not worry about it. david: ok. charles: we're giving up 4% of our revenue in that decision. david: for those who don't really follow this, you started as a discount broker, where you were giving lower commissions than the standard rates were before. today, you've become a conglomerate, in effect, in the financial services world. you have about $3.7 trillion of assets under management. so you make your money on other financial services, is that correct? charles: correct. one of the things, we're a conglomerate. we're really not in the original sense. we

david: you were the only child? john: i was. david: like myself, an only child. so the advantage of being an only child is your parents put a lot of time and attention into you. was that a good thing for you? john: it was. they focused everything on me. they got divorced when i was three years old so i had two different lifestyles. my dad lived in a studio apartment not far from downtown. my mom lived in more of a large house in hyde park. they were different political persuasions. my mom was republican. my dad was a democrat. so i learned to sort of navigate two different worlds each and every week. david: and you went to the university of chicago's famous lab school, which is a school that is well-known for i guess its k-12? john: it's a k-12 school. i got there in ninth grade. terrific place. david: and in addition to your academic pursuits, you were a basketball player? john: i was. david: and you went to princeton and you played basketball at princeton? john: i was very fortunate to play basketball at princeton for the hall of fame coach pete carril. he was

david: do you use email? john: i do not. david: so how do people get messages to your?o they send the pigeon with a message to you? john: they just call me. david: you are on a number of corporate boards, and you are very loyal to your corporate boards. one of the boards you are on is mcdonald's. it is said, i do not know if it is true, you eat mcdonald's every day somewhere in the world, wherever you are you eat one meal a day at some mcdonald's. is that true? john: it is just about every day. there are exceptional times when you are traveling where i cannot get that done, that i love being in mcdonald's, it is sort of my home away from home. david: did you do that before you were on the board? john: i have been doing that since i got home from college. i love it there. david: is it healthy for you? john: it has worked out ok. david: when you were interviewed to be on the board, did you mention this? did they think this was unusual? john: i still remember having breakfast with andy mckenna, who became the executive of mcdonald's, and the ceo, and it went marvelously we

david: people wouldn't recognize me if i fixed my tie. ♪ david: i don't consider myself a journalist.one else would consider myself a journalist. i began to take on the life of an interviewer even though i have a life of running a private equity firm. how do you define leadership? what is it that makes somebody tick? we are here today with chuck schwab, one of the most well-known figures in the business world because of his ubiquitous face and because of the great company he has built, which is one of the leading companies in the u.s.. he has just written a book called "invested." we will talk about it and his life. let's talk about something you made news with recently. your company announced you will not just do discount brokerage. you will give away brokerage for free. if i have an account, i can trade for free. how do you make money? charles: thanks for having me on your show. i have known you for a while. david: tell me the secret of how you make money when you are not charging? charles: a long time ago we started taking commissions and that is how we started this with lower pric

david? david: it does.he only thing i'm going to miss about the "chop zone" is your fine reporting from there, dan. we thank you for all of the reporting you've been doing. it has been non-stop for several weeks. you deserve some rest. thank you very much, dan, appreciate it. reporter: thanks, david. david: seattle's deadly experiment with anarchy cost the lives of two young black men and critically wounded others including a 14-year-old but seattle's not alone. in new york, chicago, l.a., and other cities flirting with the idea of defunding police we've seen shocking increases in violent crime. so far liberal city councils and mayors looking to defund the police haven't connected the jump in crime with failure to support the police. in fact last night's vote by new york city council to cut a billion dollars out of the 6 billion-dollar police budget wasn't enough for congresswoman alexandria ocasio-cortez. she sent out a message that reads in part, quote, defunding police means defunding police. it does not

david: i see. have you ever heard this story where president reagan after he was elected, he went up to see tip o'neill. tip o'neill said this desk is grover cleveland's. president reagan said, well, i played him in a movie. he said, no, you played grover cleveland alexander, the pitcher, not the president. [laughter] david: i don't know if that is true or not, but it sounds like a good story. let's talk about president mckinley. he was a governor and senator -- >> he was a governor and senator from ohio. and tragically killed in a world's fair. >> that is correct, in buffalo. david: that led to teddy roosevelt becoming president. what kind of memorabilia, if any, you have from president mckinley? >> i have a letter written on my birthday, december 21st, 1896, it was not on white house stationery, it was written on executive mansion stationery. it is very special to me. completely preserved, and i treasure that. david: you look great for a guy born in 1896. [laughter] david: how many times do you i

[laughter] david: alright., you've recently come out with a book, "call sign chaos," with bing west, and it's a terrific book. i highly recommend it. so, explain what "call sign chaos" means, for those who haven't read the book. what does "chaos" mean there? gen. mattis: so, i was a colonel out in the mojave desert, and i had an operations officer from brooklyn with a rather droll sense of humor. one day, i was done with one of my brilliant ideas talking to my operations officer of this regiment of about 7000 sailors and marines out in the mojave desert, and i saw on his whiteboard "chaos" written, and i said, what's that about? he said, oh, don't worry about that. you don't need to know about that. i say, oh, yes i do. [laughter] i used some of my powers of persuasion. i waterboarded him. [laughter] i found out my irreverent subordinates had decided that my call sign should be chaos. "colonel has another outstanding suggestion." [laughter] it was rather tongue-in-cheek. they didn't see the brilliance of all of

david: people wouldn't recognize me if my tie was fixed but ok. ♪ david: i don't consider myself a journalistnobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? ♪ >> mad dog plays no games right? ♪ david: most people i have interviewed are people i have known for quite some time. in the case of jim mattis, i have never met the man before. i thought i better be careful when i shook his hand, but it was the opposite. i recognized quickly he has a certain reserve, a certain manner that would take someone want to follow him as a leader. i suspect had he never gone into the military would have been successful in business, politics as well. i think he has great potential to be a leader in our country. ♪ david: you are minding your own business after having spent 40 plus years in the marines. you are in your native state of washington and you get a call from vice president-elect pence to come and meet donald trump. you had n

david. david: quick question, chad, if they don't finish the bill this week, are there any attempts to extend temporarily those federal unemployment bonus? >> they certainly could but that is something that house speaker nancy pelosi has knocked down. she rejected that idea saying they passed a bill back in may and that republicans have been dithering right up against the deadline. another cliff as we call it on capitol hill, david. david: thank you very much. a race for a vaccine is on. moderna continuing phase three of the coronavirus trial. as president trump heads to north carolina to tour a plant making a key component after potential coronavirus vaccine. fox business's edward lawrence has the latest on that. hi, edward. reporter: david, the president going to see one of the plants that create five potential vaccines for the coronavirus that the u.s. has invested in. the company is called fuji film biotechnologies. that will turn out everything needed for novavax to make their phase thr

david: yeah. gloria: yeah. david: yeah. in your work in the school district and as a counselor, were there racial issues that came up? gloria: yeah. in fact, i was so angry i wrote a letter, three-page, typewritten, well, computer-written letter. and, they're going to say it was not racial, but it was. we did expulsions for kids who brought knives, guns, drugs, and so forth. okay, we had a hearing, and if we found this to be so, then we told you you were straight-expelled or suspended-expelled, which meant you were either kicked out of the school district or you go to a special school. we had a kid who, without any names, of course, who was involved and very involved in drugs, but because his parents had money, he was white, they didn't kick him out. and i was so angry. and i was one of three on the committee, and i told the other two committee people, who are white, i said, "you know, he's guilty." and they said, "well, he's going to go to college." i said, "so?" "well, we judge it on a case by case --" i said, "don't feed

appreciate it. >> thanks, david. david: a special programing note.catch blake burman's interview with donald trump, the president of the united states, tomorrow at 3:00 p.m. eastern on the "claman countdown." we'll be playing excerpts from it throughout the day. keep it here. watch blake's great interview. i'm sure it will be great. >>> coming next, china ratcheting up tough talk after passing that controversial national security law cracking down on hong kong protesters. the question now, will china threaten the u.s. trade deal as a result of this animosity? retired army lieutenant colonel james carafano here to weigh in on that coming to make up. miles to the job site. the campsite. and anything else we set our sights on. miles that take us back to the places we want to go. and to the people who count on us. so, let's roll up our sleeves. because we've got miles to make up. ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeah ♪ hey, hey they will, but with accident forgiveness allstate won't raise your rates just because of an accident. cut! is that good? no you were talkin

david? david: incredible. jeff, thank you very much.we've been reporting seattle is one of many u.s. cities devastated by violent crime amidst a push to defund the police. president trump praising law enforcement today and weighing in on seattle. >> i'm glad to see in seattle, they took care of the problem. we were ready to go in. they knew that too. they went in to do what they had to do. the american dream is the sacred birthright of every american child. that is it what we, we have the american dream. nobody will shatter the american dream. not the anarchists. not the agitators. not the fools. not the looters. david: get reaction from nationalreview.online contributing editor deroy murdock. great to see you, deroy. thanks for coming in is law and order winning out over anarchy right now? >> maybe a little bit over the last couple days but certainly not very much over the last month. you have total anarchy going on. this is sense, these are kids, just expressing themselves, leave them alone. i'm all for peaceful protests. i saw people

david: exactly.annette: in fact she created something deeply moving and personal to people of all types. david: and it has been modeled elsewhere as a way of memorializing, at least, after a -- at least, death in war. but it is worth asking as commissions get created, what memorials actually work for people and what don't? one of the things i have already recommended publicly -- i don't know if it will happen -- but the biden campaign should get ahead of this issue. if the confederate landscape is coming down and the loss causes in deep trouble. i'm not saying we will eliminate it ideologically but if the lost , cause is coming down, what might replace it? why doesn't the biden administration bring together a bunch of people and think about that? in email yesterday, saying we need to advocate a memorial to -- we need to advocate a marble new deal. i don't know if that would work, right now but why not? , get ahead of the issue and say there will be a national project that will also become local. most

david: you started a company in 1999. if you had bought the stock at the beginning, you would be up about 7000%. >> 3500% but who is counting? david: now that you own time magazine, do you get to pick who is person of the year? >> i get it, you are a good candidate. i don't make that decision. david: would you consider running for office? >> this is the greatest platform for change. we can do it. we can change the world. >> would you fix your tie please? david: people wouldn't recognize me if my tie was fixed. all right. leave it this way. all right. ♪ david: i do not consider myself a journalist. no one else would consider myself a journalist. i started to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? let me ask you about salesforce.com for those who are not familiar with it. there may be a few. you started a company in 1999 and today it has a market value of $340 billion. if you bought the stock a

david: you have a famous face.rnia, when you are famous, sometimes you say "i should run for a runner, senator, -- governor, senator, president." have you ever ran for anything? that this is my purpose in life, developing a company like this. -- maybewas not really if i was king. i like to make things happen quickly. david: the way you view your contributing to the company -- country, do you spend any time advising government officials daca -- government officials? charles: i am active in politics. i think everyone should have a piece in the outcome of this country and hopefully we will hold on free market systems for indefinite periods of time. it has provided for all of us the various benefits of creation of new things along the way. i think that is what -- what we are doing is at the heart and center of free enterprise. david: what would you say is the biggest mistake you made that you think if you had not made it you would be even more successful? ofrles: i have made a lot mistakes and every mistake along the w

david? david: lot going on. thank you very much. texas, where polls now show he and president trump in a virtual dead heat. this as the coronavirus claimed a record one-day death toll in the lone star state. to democrat pollster doug schoen who follows these things more closely, with more acumen than anybody in the world. great to see you from your perch in florida, i take it. >> absolutely. david: let's talk about texas specifically. i say it's because of the flareup of covid that biden is gaining more right now. is that the cause? >> oh, i think that's absolutely the cause. i have looked at the polls from texas, as your kind introduction suggested, and the president has dropped in his ratings on handling coronavirus and with that, his vote total has dropped and he's lost republicans and republican-leaning independents as well. david: what about the violence and chaos we see in cities across the country, in portland, seattle, chicago, maybe not coincidentally, in democratic stroholds? is that going to work in the president's favor?

david: all right.one is elected president, whoever is the next president -- president trump, or whoever might be the next president, and that person calls you and says, duty calls again, can you come back and serve your country one more time. would you go back into government again, or are you done with government service? gen. mattis: well, you can never say you are done because when the country calls -- i mean, i grew up in a country that when the country calls, you do it. but i would tell you that i think it is also time for a lot younger people with fresh ideas . good listeners, they have got to study history, listen to those who have been there before, but it is time for young people to step forward. david: but you are young. compared to people running for president today, you are still very young. [laughter] gen. mattis: and i am still at the top of my game, david. [applause] david: all right. so for somebody looking to you, what are the attributes you think are most important for somebody to be

david: they are., our mortality rate is about 1/3 of the mortality rate that they have in places like italy and the uk and spain and so forth. >> yep. david: i want to switch to violence in the streets because that too is of great concern to business people. how do you open up if you can't depend on the police to protect your business if things get bad? >> well you can't. i mean this is, this is horrific for businesses, particularly in minority communities. i have mean these minority communities, the small business people -- david: you can bring your dog in, if you want, go ahead. >> he keeps trying to come in. i thought my wife had him. apparently not. i love the dog. [laughter]. but if you're in one much these communities, you can't keep your business open, like that area in seattle they called chop or chaz, the business people in the area are suing the mayor. suing the city. you can't run a business if you don't -- capitalism, free enterprise depends on law and order. if you don't have minimal law

david: so you started your own company what age? john: 24. david: where did you get the money? john: my mother gave me everything she had that was liquid. my dad gave me everything he could afford to lose. david: one of the boards you were on is mcdonald's, and it is said that you eat mcdonald's every day. john: pretty much every day. david: did you ever play basketball with barack obama? john: several times. david: is he a good player? he is a very good player. >> could you fix your tie, please? people would not recognize me if my tie was fixed, but ok. just leave it. all right. i do not consider myself a journalist. no one else would consider myself a journalist. i began to take on a life of an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? you've have been doing value investing for 36 years, what is a value investor? john: a value investor is someone who is looking for bargains. we're trying to find stocks that are selling at a 40% discount to what we think their private market val

david: exactly. it is hard to imagine the fed is going to say remarks that is going to strengthen the dollar. maybe there is no alternative to stocks. abigail: in terms of the meeting this week, it is unlikely there going to say much. they may set the ground for what could happen this fall, but in terms of dollars going into gold, if you think about it from an allocation perspective, all of the fresh dollars investors have or as they take chips off the table from the big tech names, into gold, it could create the headline where you have gold searches again but tech stocks down. not great optics. hopefully it doesn't happen, but it is an interesting relationship with this week we have some of the big tech executives going to washington, or at least testifying weather virtually or in person. later this week, huge earning reports. we have apple, amazon, facebook, and alphabet down sharply. a rough patch for big tech. but not for gold. david: thank you so much to abigail doolittle. it is going to be a bi

david: did you meet steve jobs?p having a huge impact on my life, especially when i started salesforce. it was a meaningful and powerful relationship. i would not be the person i am and salesforce would not be the company does without steve jobs. david: you started a system of having people developed applications and you had the name of the app store -- can you tell how that evolved? marc: this was a weird situation. was 18, salesforce months old. fund an invitation to something called college track, which was being put together by s'wife.ob there was dinner afterwards and i thought "this is going to be an incredible, huge dinner." lorene had forgotten to make a reservation and it was packed so steve said, "i am not leaving until a table opens." i won't go into the aspects of has personality, but just know we were not leaving. [laughter] he said, "do you want to see something cool?" he takes something out of his justt and says, "i introduced to this last week. it is an ipod. i have 1000 songs in my pocket -- what yo

david: right, ok. [laughter] marc: just to help bring you along. david: i got it.c: helping you come along with me. david: got it. marc: so we are in the ashram. in this part of india, all the gurus are women. this woman is now lecturing us on spirituality and so forth, and all of a sudden he takes out his business plan, and goes, well, let me tell you about what i'm going to do. he starts giving her -- she is really interested. wireless is coming, and we are going to connect the world, and mobile devices are coming. we are there. this is 1996. so then she is listening really clearly, and i'm like, i think she's going to invest. [laughter] and then all of a sudden she says this really powerful thing, which is she saying it to him, but she is looking right at me in my eyes and goes, in your quest to change the world, don't forget to do something for other people. and that was a moment in time when i said, wow, when i start a company, i'm going to make sure that philanthropy and giving and generosity and these values are in the culture of the company from day one. th

david: from new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. i am david westin. we start with a report on the markets. we turned to kailey leinz. a lot of conviction, but the nasdaq seems to be pairing up. kailey: that is right and we have seen the s&p 500 flip between positive and negative territory. the dow is basically flat. as we alluded to, it is a tale of tech outperformance. the nasdaq the outperform on the session, up when 8%. the index continues to climb higher. i am thinking the big five stocks, the apples, microsoft, facebook's of the world. investors need to be favoring these names over the others given the fact they are high-growth, they have strong balance sheets and can weather any economic downturn, and the fact they have services and products which are in more demand in a stay-at-home world. johns hopkins university's big moments ago we have now hit 3 million in the u.s.. that is reflected in the sector composition. we see it is technology o

i'm david westin.t is time for bloomberg first word news. mark: thank you. on capitol hill, attorney general william barr is defending himself before house democrats who say he has politicized justice department to give into president trump's wishes. barr told the committee mr. trump has not tried to interfere with his work. barr says the president expect them to exercise "independent judgment" to make whatever decisions he believes are right. the federal reserve is extending most of its emergency lending programs for three months through the rest of 2020. the programs were open to liquidity in short-term markets and extend credit for businesses and local governments hit hard by the coronavirus pandemic. the facilities have the potential to deploy trillions of dollars but only $100 billion so far in outstanding loans. the number of one day deaths from coronavirus has reached a new record in the state of florida. florida just reported another 186 fatalities. overall, cases are up 2.1%. that is below the

appreciate it. >> thanks, david. david: a special programing note. catch blake burman's interview with donald trump, the president of the united states, tomorrow at 3:00 p.m. eastern on the "claman countdown." we'll be playing excerpts from it throughout the day. keep it here. watch blake's great interview. i'm sure it will be great. >>> coming next, china ratcheting up tough talk after passing that controversial national security law cracking down on hong kong protesters. the question now, will china threaten the u.s. trade deal as a result of this animosity? retired army lieutenant colonel james carafano here to weigh in on that coming you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in

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>> thanks, david. what we have seen since the death of george florida as we have seen peaceful protests be infiltrated by those of a criminal element that want to do harm to the communities and harm to police officers and other citizens. we know that fact to be true. if we look at the reason why the department of homeland security has gone into portland, it was under the nexus of the protection of the federal courthouse to assist in u.s. marshals and the federal protected -- we have now seen an expansion where there is almost a patrolling of the streets of portland in lieu of local and state authorities. i think that is where the discussion needs to take us. is that problematic or not? >> david: lets deal with portland for a second. there was a specific case of a federal courthouse that was invaded by not peaceful protesters, but by the antipope months who set off fire bomb, who climbed to the top of the building to disable a camera that was focused on the demonstrators, whatever you want to call them.

david: melissa. melissa: lance, that is exactly i was glowing to ask as the next question, microsoft's azure went from 61% growth to 350% growth, imagining 50% growth was somehow a disappointment is hard to see but it was. i know for amazon in the web service decision they're looking for maybe 33%? you think that sounds about right? what would be considered good and would be considered a disappointment for aws inside of amazon? >> i guess that sounds about right. the thing is aws serves so many different businesses, right? to me it is actually a reflection of the larger economy, the global economy because it is how many companies can hop on to the services to try to grow. if we see deceleration, that is a reflection what is happening to the small, mead jump size and even large businesses that rely so heavily on amazon's server business. i wouldn't say, think, what happens to amazon's retail is also a reflex what is happening with people's pocketbooks. the money they have in hands. even though they ha

david? reporter: david, good morning to you. president trump and other white house officials certainly watching this closely. president trump pitching himself to the american people some in decided voters hopefully he wants to switch as the law and order president that's the sales pitch he's making to the american people as cities like portland are seeing almost 60 nights of unrest in a row. now, we are talking specifically , david, of three officers who may lose their sight. federal officers permanently after protesters pointed lasers in the eyes of those officers and the white house says another agent was impaled his hand by nails on wednesday president trump and attorney general bill barr announced the expansion of operation legend and the operation named after four- year-old legend talifero, was shot and killed while sleeping in his home in kansas city last month. police are still looking for his killer operation legend sends federal agents, there he is right there, to unrest hotspots across the country to protect federal pr

david: you are pretty wild.were 13 years old your parents would let you hitchhike around the midwest. gen. mattis: i maintained a degree of silence about my activities around my parents. it was a more trusting nation in those days. my parents were rather adventurous. they were not irresponsible. had they known some of this they probably would've been the -- put the kabash on it. david: were you drafted? did you say "i would rather be in the marines rick -- then the navy?" than the gen. mattis: i probably would have been drafted. it was assumed if you went into the military -- my brother was in vietnam as a marine. it was a natural thing. it wasn't a very reflective or examined decision. david: so you go into the marines. what was your first assignment after officer training? gen. mattis: second lieutenant in the infantry. you have a 40 sailors and marines into there is no one between you and your troops. you live among them. you can spot them 200 yards away by their walk. it is a great, tightknit crew. time in c

david? david: thank you so much. even as mark was reporting, another headline crossed the bloomberg. the faa is probing boeing's alleged pressure on inspectors. that is in the 737 max situation which continues as they are trying to get that up and running. the faa is probing possible pressure put on faa inspectors. let's turn to the usmca. the mexican president came to washington, and president trump took the occasion to say the usmca is our biggest and fairest trade deal ever. we turn to the former ambassador to mexico, tony garza. take us into the usmca. you know the relationship between mexico and the united states so well. how important is this agreement? amb. garza: it is a terribly important agreement and yesterday's visit highlighted, that is just the case as anytime two leaders meet, their political objectives, their policy ends you hope will be addressed and background noise. the overarching theme was the importance of usmca at this moment. both countries have real challenges with the pandemic, the covid-19

david?: i think harvard is keeping their 50,000 tuition even if it's online. that's a lot of money for online. molly thank you very much appreciate it. well san jose, california is now one of a dozen cities in the u.s. showing a concerning rise in coronavirus cases. san jose's democrat mayor sam lickardo joining me. great to see you, mayor thanks for joining me. what is the cause of the spike in your mind? >> good to be with you, david. well we're seeing a rise certainly throughout the country and although we're starting with a very low base in terms of number of cases and hospitalization rate, the number has been rising considerably over the last several weeks, and for all the same reasons, i think we're seeing throughout the country. more than anything, we're seeing spread happening in social situations. it's really within the family and social gatherings and that's where we just need to do a better job of communicating the imperative of wearing a mask and social distancing and avoiding ma

david: maybe next year. marc: david, look, i realize you are a good candidate. i get it.ut look, i'm not involved in editorial. david: why did you buy "time," by the way? marc: that is a very good question. you know, we actually are looking for ways to have impact and really to add more trust and impact in the world. one of the things i have always loved about "time" magazine, really there are four things. one is that it has always been about trust. it is an incredibly impactful business. the stories that not only molly, but her peers are writing have dramatic impact in the world for the good. it is a fantastic magazine, and it is also all about equality. in fact, that idea is it is about trust, impact, equality, that's why we call it time. t-i-m-e. david: that is where you got it from. wow. ok. could you do the same for salesforce.com? marc: that wouldn't go over very well. it is a tough crowd in washington, d.c. that was actually my better material. [laughter] david: did you meet steve jobs and have a relationship with him? marc: i would not be the person i am and sales

david? david: thanks so much, mark.esterday we talked with new jersey governor phil murphy about the coronavirus and the fact it appears to be coming back in his state despite all he and his state have done to fight it off. gov. murphy: little has been enormous, over 13,000 confirmed deaths and at least a couple more suspected to have passed from covid-19. that is the tragedy. our numbers have gotten a lot better. as they got better, we made the decision based on the fact and the science to begin step-by-step reopening our state. we knew when we were doing that, doing it responsibly, that we would take on more risk in terms of increasing the potential for transmission to we were comfortable with that risk, but we were not expecting the explosion in paces elsewhere in the country. the rate of transmission has gotten a little bit uncomfortably high for us, just over one today. it improved slightly. we put in with new york and connecticut travel advisory for folks to self-quarantine if they are coming back into our state f

david? david: fair enough. i've seen this play before about pulling the big tech companies before congress and nothing has happened yet. thank you so much to abigail doolittle. congress has done so much to support the economy and the tally is starting to mount up. in the month of june alone the deficit for the united states of america was $864 billion in mulvaney -- and more may be on its way with additional stimulus. ,e welcome douglas holtz-eakin the former head of the congressional. $864 billion in a month. 14% of gdp if you do not add more in. can we afford this? : we can afford this. the money is not free. in this moment, the most important thing is to support the american people, get businesses back on their feet and get the economy to recover. that is the route to getting the budget in better shape, that is the route to getting anything we care about, better incomes, less any quality, all of that comes with getting the economy to full employment. do what is necessary, focus on what is necessary, and reco