the treasury secretary steven mnuchin will lead the efforts for the white house, no surprise considering he has a good report with house speaker nancy pelosi and the two have worked on big packages before. i'm told the chief of staff, the former congressman mark meadows will be alongside the treasury secretary side during those negotiations. mnuchin alluded to the 12 tandem when he was on capitol hill early today. >> i think we will definitely have another a package, we will start the negotiation streak and having significant conversation with mitch mcconnell and other republicans, mark meadows and i look forward to briefing the president and we look forward to starting with the republicans and democrats next week. >> larry kudlow is going to have a very big role in all of this as well, he told maria bartiromo on wall street, set to air later this week that it could have fed her on employment insurance benefits while also lowering that figure. >> we are looking at various ways to cap total unemployment benefits, federal, state and local, various ways to do that which will provide plenty

what you read most recently was over the weekend a last-ditch negotiations with steven mnuchin, the treasury secretary, mark meadows, white house chief of staff. they are up on capitol hill saturday inside a meeting with gop staff and is been disagreements both between the white house and the senate republicans and within the senate republican conference itself. there's a couple different camps. you have some moderate kind of centrist republicans who are facing tough reelections and they wanted to put their foot on the gas and get this money out the door. then there's conservative camp that says wait a minute, deficits are through the roof, we've already offered $3 trillion. it's unprecedented and we can't just throw trillions out the door. i will saddle future generations with the debt. that's the hurdle that mitch mcconnell and republican leaders have tried to get over. they are straddling that divide between camps. president trump for the white house has made some demands that were not palatable even to senate republicans so that to jump those girls as well. we are expecting to see their

steven mnuchin is on capitol hill to begin legislative talks with both parties. the white house and congress only about 10 days to come up with another government before economic relief dries up. glance into how much it has been helpful and can it to be needed across industries. group's adamrmr portnoy. they have properties ranging from hotels to gas stations. coca-cola says it will get better from here. their earnings report shows incremental improvement in sales. let's take a quick check on the markets. the dow nice balance in in particular, bowling among those stocks reaping some of the rewards. all indices are higher in terms of the s&p and dow. the nasdaq has turned lower in the last 30 minutes. vix at 24. the euro continues to drive higher. 1.1518. strength after they managed to pass some grants and low-interest loans to aid everybody. of crude oil, summer travel season is in full swing as coronavirus cases pop up in cities across the country. many are rethinking a potential comeback in the hotel and leisure sectors. adam portnoy, is ceo of rmr group. us,la

. >> reporter: white house chief of staff mark meadows and treasury secretary steven mnuchin spent saturday in talks. senate republicans reportedly want unemployment checks to drop to $200 a week along with $16 billion for covid testing and $105 billion for schools. democrats want checks to stay at $600 a week while including rentallal and mortgage assistance -- rental and mortgage assistance. >> what are we doing here if we are not addressing the needs of people who have lost their jobs through no fault of their own? >> the president pushed for a payroll tax cut, but democrats and some republicans nixed it. the deadline comes as the president canceled his rnc acceptance speech planned for next month in florida, a reversal from six weeks ago when the speech was moved to florida because north carolina officials said no to a big crowd. >> i'll still do a convention speech in a different form. >> reporter: and overnight more unrest in cities. in seattle authorities arrested more than two dozen people. in neighboring portland, oregon, they're preparing to mark 60 straight the nights of unrest.

the capitol hill were treasury secretary steven mnuchin has been making the rounds all day long withawmakers and chatting up a bit to work up a cares act 4.0. the fourth installment, the clock is relentlessly taken down because we keep using the day july 31 even though july 31 is an indy on paper, 25 million unemployed americans will lose the extra $600 per week of federal unappointed benefits. this friday, it ends this friday. i lawmakers frantically wrap up their efforts here across the pond the european union's with historic deals passed in $857 stimulus plan to push up the euro to its highest level against the u.s. dollar and more than four months. with the dollar circulating around about 14 versus the euro, they save fair value could actually be as high as $1.22. that means weaker dollar stronger euro. as the globe ramps up on their stimulus, we begin our force are traitors to find out which stocks will stimulate your portfolio. tim is timothy anderson and phil flynn. are there stocks that you know of that could really benefit if we get 4.0 stimulus? >> i'm a little bit of compl

and joining us now, secretary of the treasury, steven mnuchin. mr.ry, welcome back to "fox news sunday." >> thank you. it's good to be with you. chris: house democrats passed their relief bill back in may, fully two months ago. but here we are, the last week in july, and the white house and senate republicans still can't agree on just a gop package. meanwhile, a federal ban on evictions ran out yesterday. federal unemployment benefits ran out on friday, and the last checks have already gone out, and the payroll protection program for businesses running out early next month. here's senate democratic leader chuck schumer. >> they have been so divided, is so disorganized, so unprepared that they have struggled to even draft a partisan proposal within their own conference. they can't come together. chris: millions of americans and millions of businesses, won't they pay e the price because the white house and senate republicans can't get your act together? >> well, chris, first, let me say i think that's an unfair characterization. the administration and

a lot of news relief package, we are very far apart said steven mnuchin on a vaccine effort. we will have one and we have lots of good options, talking about the convention and not ruling it out, saying it's something we are thinking about. on senator kamala harris has a vice president pick for joe biden, i think she'd be a fine choice. the president is heading down to texas now as we begin a brand-new hour. >> sandra: that dramatic video out of new york city showing plainclothes police officers pulling at teenage protester into an unmarked van and that'll happen on the side of manhattan. we know police have released that young protester from custody. welcome to the second hour of "america's newsroom" on this wednesday morning. >> trace: i'm trace gallagher. that demonstrator has been identified as 18-year-old nikki stone, marching with other protesters when police detained of the 18-year-old on vandalism charges. >> sandra: bryan llenas has more on that terrifying scene. what happened last night, and what happened this morning? >> good morning, protesters and activists are o

rich: top administration officials will move to next round and treasury secretary steven mnuchin, whiteouse chief of staff mark meadows have been spending the weekend consulting can senate republican staff on a bill that represents only an opening offer to democrats in negotiations and terms are beginning to expire like 600 boost to unemployment benefits, democrats want to continue that payment, republicans are pushing a different formula this time, one they say ensures a government benefit no more than about 70% of a worker's previous pay. >> it wouldn't be fair to use taxpayer dollars to pay for miami to sit home than they would get working and get a job. >> the only thing they established was a tax cut for the wealthiest people in america. the cost of $2 trillion to the national debt in order to give 83% of the benefits to the top 1% and they're resenting $600 for single moms to be able to put food on the table. >> in may house democrats passed their latest coronavirus relief proposal, 3 trillion-dollar plan costing 3 times the expected republican bill. democrats say they've been wai

steven mnuchin can give you a briefing. we are talking about payroll tax cuts and more money being infused. it comes back to us. it's all coming back. it is coming back faster, bigger then thought possible. these are numbers not made up by me. we implemented an aggressive strategy to vanquish and kill the virus and protect americans at the highest risk while allowing those at lower risk to safely return to work. our health experts continue to address the temporary hot spots in certain cities and counties and we are working very hard on that. the relationship with the governors is very good. we made a call -- mike pence made a call just yesterday and said what do you need? not one governor needed anything. they don't need anything. they have all the medical equipment they can have. thank you, u.s. government. they have all of the ventilators. we are giving many ventilators and selling in some cases and giving when needed, but we are the ventilator king. we are producing thousands of ventilators, thousands of ventilators a we

that's right treasury secretary steven mnuchin on the hill celebrating what he calls a successful small business loan program. >>the paycheck protection program is estimated to have saved roughly 50 million jobs but with the end of the coronavirus pandemic nowhere in sight. he's not pushing to extend it. >>we remain committed to working together until every american gets back to work as quickly as possible as infection rates or in some states friday treasury secretary steven mnuchin told lawmakers he wants to see new loans extended to small businesses facing a second round of closures but on a more targeted bases for smaller companies and those that are especially hard hit newton says restaurants and hotels will be top priority. lawmakers say the priority should be getting hosed a smaller business owners still struggling to get their first loan even as large are more well connected business owners rack up millions in aid communities like mine quite frankly iowa democrat abby finkenauer and ohio republicans, the shah but want to see a focus on helping rural in minority communities access

there will be a meeting between the secretary of the treasury, steven mnuchin, mark meadows, nancy pelosi, and chuck schumer. it will be just the four of them up there on capitol hill to see if they can move the needle at all in some type of coronavirus relief bill. there is not a lot of optimism on either side that they will be able to do it. mark meadows singh earlier today that they floated for proposals, including a one-week extension of the current $600 advancement, and all of those were rejected. as for the present, he touched down just a short time ago. he's got a number of events there. he has got a fund-raiser with assurance, and then a fund-raiser with other supporters in the evening. and then he's got a roundtable on coronavirus response and storm preparedness. hurricane isaias is not expected to make a direct hit on florida, although it could plow into the carolinas. doubling down on his warnings to extend voting for the november election. mass mail ballots to anyone could lead to inaccuracies and fraud. listen to what he said. >> absentee ballots are secure, and they are very

. >> [inaudible] ♪ ♪ ♪ >> treasury secretary steven mnuchin appeared before the house small businessnity on oversight of the small and apartment of treasury pandemic program. live coverage begins friday at 10:30 a.m. eastern on c-span. later this month, william barr appears before the house judiciary committee's general oversight committee on the justice department. tuesday, july 28. watch live coverage of the mnuchin hearing friday at 10:30 a.m. eastern on c-span. watch any time on c-span.org, or listen on the go with the c-span radio app. the u.s. house and senate return on monday to assume legislative business following their state work period over the fourth of july holiday. the u.s. house considers the 2021 national defense authorization act, with votes expected as early as 11:30 a.m. eastern. the senate convenes at 3:00 p.m. and resume debate on the nomination of russell pope to be director of the office of management and budget. he's been serving in an acting capacity since january 2019. the senate limited debate and advanced his nomination on july 2 on a partyline vote of 47-

log onto fox nation.com to ♪ >> we'll ask treasury secretary and are negotiator steven mnuchin when we'llet answers about new funding for workers and businesses. it's a "fox news sunday" exclusive. then, president trump changes tactics as the white house tries to get a handle on the virus. >> it will probably, unfortunately, get worse before it gets better. >> as states reimpose restrictions and hospitals fill to capacity, we'll discuss the latest with former cdc director dr. tom frieden. plus -- >> i'm announcing a surge in federal law enforcement into american communities plagued by violent crime. chris: violence spikes in major cities, and the add beefs up the federal presence on the ground -- the administration beefs up the federal for presenn the ground. we'll talk with kansas city's mayor about what his city needs from washington. and the president cancels his convention acceptance speech in florida over virus concerns. we'll ask our sunday panel how both campaigns can generate momentum in the home stretch. all right now on "fox news sunday." ♪ ♪ chris: and hello again from fox news

[applause] ♪ ["the liberty bell march"] announcer 1: next, treasury secretary steven mnuchin and thed of the small business administration testifying on the effectiveness of the small business loan program. and then "the communicators." silicon valley. and the regulation of tech companies. after that vice president pence speaking at ribbon college in wisconsin. ♪ >> c-span has unfiltered coverage of congress, the white house, the supreme court and public policy events. you can watch all of c-span's public affairs programming on television, online, or listen on our free radio app and be part of the conversation through c-span's daily washington journal programs or our social media feeds. c-span, created by america's cable television program is a public service and brought to you today by your television provider. treasury secretary steven mnuchin suggests that the government should consider forgiving all taxpayer-backed small loans. he and the head of the small business administration testified before the house on the effectiveness of the emergency loan program, part of the coronaviru

mark: the white house chief of , speakerk meadows pelosi, steven mnuchin, and the senate minority leaderchumer will be holding a meeting at 9:00 saturday morning to continue talks on the next virus release package. a federal appeals court today overturned the death sentence of the man convicted in the boston marathon bombing. three-judge panel of the first circuit court of appeals in boston issued the decision today, more than six months after arguments were heard in the case. attackril 15, 2013 killed three people and injured more than 260 others. -- a tropical storm battering the bahamas is aiming for the u.s. east coast by saturday. the national hurricane center has posted a watch along florida's east coast. meteorologists expect it will largely, likely rather, skirt be eastern coast, staying offshore until the hurricane probably comes a short near north carolina next week. global news 24 hours a day on air and on quicktake by bloomberg powered by more than 2700 journalists and analysts in over than 120 countries. i am mark crumpton. this is bloomberg. ♪ says she ordered the election

treasury secretary steven mnuchin and nancy pelosi of the house will meet at 6:00 p.m. out the democrats approach on this. romaine: it is interesting that they wait this long. the last $600 unemployment checks have already gone out and if they don't do something by the end of the week, a lot of folks could have a gap before they get their next check. the timetable on this seems very tight. of hurdlese a number to clear. not the least of which is selling this with the republican party. senator ted cruz told reporters that there will be a lot of opposition from senate republicans, who don't want to see the government spending more money. senator mcconnell and the republicans, they need the democrats to get this over the finish line. agreement,come to an we don't know, but it is clear there will be fire coming from all quarters. taylor: one of the real hangups has been how much the extra unemployment insurance has disincentivize workers to come back to work. a study from yale shows that $600 per week does not make americans work last. anecdotally, state and local governmen

schumer joined house speaker nancy pelosi after a monday evening meeting with treasury secretary steven mnuchin and white house chief of staff mark meadows on additional coronavirus relief legislation. >> well, we are somewhat frustrated. we had hoped that there would be a bill, and it's dead in the senate they put together little pieces here and there and everywhere. it's pretty clear they don't have 51 votes in the city among the republicans for our proposal. and it's frustrating because they have dithered for three months. .. it's pretty clear they don't have 51 votes in the senate among republicans for a proposal and frustrating because they dithered for three months. now it's these various >> that hurts lots of people. unemployment, rental, state and local and they're still trying to get their act together which is very frustrating because of the needs of people. we also have to read the bills carefully and that's what we told them to do overnight . they managed to have enough money for $2 billion for the fbi headquarters that benefits trump hotel and they say they have no money for food a

let's go to the steven mnuchin headlines.senate republicans as well as the white house have agreed on a stimulus bill, looking at 70% wage replacement. we will break that down as these headlines are coming across. more on that next. this is bloomberg. ♪ i'm alex deal with francine lacqua in london. whitec. mnuchin: the house and senate republicans have agreed on a fundamental .greement we saw the s&p all the lows of the session with the dollars sinking to the lows of the day. there is some movement around his, but what do we know materially about this? >> no payroll tax cut. i was speaking with staffers on capitol hill, and they tell me the lighthouse has completely thrown out the payroll tax holiday from being included in this round of economic stimulus. they do not feel they have those from the republican caucus in order to garner that over the finish line, however, the treasury department and the president are suggesting that this might be another issue they take up in the fall and a potential for the amount of economic st

steven mnuchin seems to hit there'll be a fifth round. sometime in the fall. corresponds to the election. or do we dig in their heels with partisan politics. interesting the markets are taking this and tried -- in stride. the nasdaq down, the s&p relatively flat. that wraps it up for me and fran on this thursday. coming up in the u.s.'s balance of power westin. the u.s. chamber of commerce ceo tom donahue will be explaining why he is suing the trump administration, and what businesses want out of the next stimulus deal. this is bloomberg. ♪ save hundreds on your wireless bill without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you only have to pay for the data you need, starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. 5g is now included with all new data options. switch and save hundreds. xfinity mobile. welcome to camp tonsafun on xfinity! it's su

nancy pelosi meets with secretary steven mnuchin of the treasury department. we turn to david mcintosh, the onsident of club for growth his take on what is going on with the stimulus. we all know with the stimulus are. what are the things you think would be good for the economy and what are you not so sure about? david m.: great to be with you. the key, looking at the next round of federal road legislation -- of federal legislation is what will keep the economy open and help businesses recover. just spending more stimulus money will not do it. especially when it is spending money that goes to local and state governments. what is needed are policy changes. we have to protect people from the threat of lawsuits. the senate has put that on the table and is adamant about it. should authorize the president to continue waving regulations and red tape, so a small business is reopened, they will not be threatened with a huge regulatory burden. they have not spent half the money regulated earlier. what they have to do is reassign that to some of the areas where people d

we are seeing treasury secretary steven mnuchin speaking of the white house. let's listen in. alsochin: be reaching out to the democrats to begin our discussions. we are committed that by the end of this month, before the enhanced unemployment insurance expires that we pass legislation so we can protect americans that are unemployed. the number one issue is we have to fix the technical fix on enhanced unemployment. we will make sure we do not pay people more money to stay home then go to work. we want to make sure people who ,an go to work safely can do so we will have tax credits to incentivize businesses to bring people back to work, tax credits for pp any, and we will have big incentives, money to the states for education, for schools that can open safely and do education. these are the priorities as well as liability protection. we want to make sure frivolous lawsuit do not prevent schools, university and businesses from reopening. president trump: mike? pence: i would say how much we appreciate the leadership in the house and senate. today's conversation is a continuation

. >> reporter: treasury secretary steven mnuchin joined president trump as he left for texas and said there is still a lot of negotiating to do with lawmakers on a new coronavirus relief package. >> as of now we are veryha at work . >> reporter: millions of americans set to lose extended unemployment benefits this week if congress doesn't act, but republicans have yet to reach a consensus among themselves much less with democrats. >> two republican torowould be lucky to get even half of thblican conferencet defended the administration's decision to include $2 billion for a new fbi building as part of the bill. >> we have that in the bill. >> reporter: president trump also defended his decision to retreat a video promoting the drug hydroxychloroquine. the fda has warned people against taking it for covid-19. twitter, facebook and youtube have all deleted the video for making false claims about covid including saying it's a cure for the virus and masks are unnecessary. the doctor in the video spirit under their misinformation like claiming dna from aliens is used in medical treatments.

. >>> treasury secretary steven mnuchin at the stop of the hour.e will talk about any additional stimulus coming out of congress, obviously that ppp data dump we got earlier in the week that's coming up in the next hr, ioun the meantime the opening bell is on the other side of this break >> announcer: the opening bell is brought to you by nuveen. a leader in income, alternatives and responsible investing. >>> china stocks are going to remain in focus this morning the journal, sara, is up with a piece right now saying that senior executives at tiktok are discussing options like establishing a new hq for the app outside of china and trying to distance themselves from china. they're citing sources here, but one ramification of the chinese/u.s. tensions that are accelerated in the past few weeks. >> and the fact that the market is totally brushing it off look at chinese stocks, it's been a huge story this week, whether it's a retail investing frenzy or a state-sponsored buying with a number of editorials running in china saying buy stocks, you have see

we simply can't do another $600 on top. >> i did some math on steven mnuchin saying 70% of what they were receiving. i've got to tell you, with the extra $200, it might be tough. the maximum of unemployment is 275. louisiana, 247. michigan, 235. the numbers are going to be very low. $200 more. we want to dis- incentivize people sitting at home and not working, making more money not to work, but do you think ultimately, this might be closer to 300, but how many democrats will you have to lose? it sounds like you are going to lose a lot of republicans. >> yes, certainly between 20600. so is 40500. the higher you go with that number, the more republicans you lose, and perhaps the more democrats you get. i would just say to my republican colleagues, let's not let there be half of us to vote against no matter what field that's come up with a conservative solution, or at least more conservative. 20 of our members under the bus and forced him to vote for a three and a half trillion dollar package, but that is why the negotiations will begin in earnest right away. i think the speaker is onto

dollars as the most fiscally irresponsible thing i've ever heard of. >> the treasury secretary steven mnuchin said they will spend what they need to spend on this bill and that's why republicans need democratic buy-in. as they aren't irrelevant. there will be some republicans and democrats are concerned about the administration's overall approach to the pandemic including the return of the coronavirus briefings later today. >> president trump should not take the podium. every time president trump takes the podium at one of these briefings, he is a threat to public health >> the one big ask for the president on this bill is the payroll tax cut, that is something i'm told that there is only ten to 12 senate republicans are for. keep in mind the cost of this. that could be $1 trillion right there anywhere between $600 billion to $1 trillion of deficit spending talking about $1 trillion minimum for the cost of the bill plus 600 billion to 1 trillion in terms of extra deficit bill. we are told they want to get this bill done by the end of next week. i was asked could they get it done and i was tol

and steven mnuchin at the treasury department has not put in the most basic controls for actually assessingther the money got to workers in the end, whether or not all of the businesses that received it were eligible, and as stephanie pointed out, steven mnuchin has sat on his hands for months now, refusing to disclose who got that money. and it's not the treasury department's money at work, it's taxpayer's money and taxpayers should know where it went. it's interesting and curious to me that mnuchin is stonewalling on this issue. >> stephanie and tim -- go ahead, stephanie. >> lawrence, we are going to see that a number of businesses through different entities within their companies took loans from different banks. and don't forget, we have only seen the money that they gave $150,000 or more. there are thousands and thousands of loans less than that. there is no legal reason why we wouldn't see all the loans. now that we know there is this much foul play in there, this is the treasury department's turn. what is their reasons why we don't see it all? >> 85% of the loans were for less than $

you can already see the battle lines being drawn. >> we spoke to treasury secretary steven mnuchin he said explicitly that the enhanced unemployment benefit as it stabnds now will not exist that implies some head-butting when it comes to that specific point. it had been long assumed in the market that there would be a bill passed and there would be no gap what do you think now? >> i think the markets have priced in an expectation there has to be an extension of unemployment or delivery of some type of new stimulus checks. yes, delays will hurt, but i still think that the biggest issue for the market is not around stimulus. i think it's around the federal reserve. as much as stimulus checks have been very good and we've actually seen the straight line through to some big box retailers like best buy, i'm not sure that the market is as off sides on this as this presumption might be i think ultimately there is going to be a very bipartisan follow-through i think it's all about the federal reserve right now. >> brian kelly >> beaker, that's me so i actually think there's a non-trivial chan

nancy pelosi along with senate minority leader chuck schumer and the secretary of the treasury steven mnuchin and the white house chief of staff mark meadows, the fact that you bring all four of them together with no staff on a saturday morning, that tells you a lot. republicans are frustrated most notably mark meadows saying they put forth a number of proposals over the past couple of days and they have all been rejected by the democrats. >> the president has set us back not once, not twice but three different times to try to find common ground, what we found from her democrat negotiators is that they are bumping the price higher than the very bill that they passed out of the house. >> meadows proposed a weeklong extension of the unemployment aid, but nancy pelosi rejected that, she i she said she only agreed to an interim package of a broader deal was in reach, democrats continue to exist on a big bill but pelosi won't tip her hand on what democrats are willing to concede to get an agreement. >> one is, the person you're negotiating with has to want something, you have to think they might w

obviously, that will be led by mark meadows and steven mnuchin. i want to underscore again today that no bill will be put on the senate floor that does not have liability protections. and i want to make sure everybody understands here we are not talking about for businesses. please do not write that, because that is not the entire story. in the lead on this issue is our colleague, senator cornyn, and i will ask him to come forward now and explain exactly what the liability protection is about. senator cornyn: well, it strikes me as a cruel joke to send essential workers in to treat patients at our hospitals and then to tell them that after the pandemic is over, after you have done your job, we are going to subject you to opportunistic litigation. so we provided the leaders instruction of a liability provision that protects nonprofits, protects churches, synagogues, mosques, schools, retail establishments from opportunistic litigation. what do i mean by that? well, anybody who has spent any time in courtrooms knows that frequently, lawsuits will be

schumer and house speaker nancy pelosi to reporters following a meeting with treasury secretary steven mnuchin and white house chief of staff mark meadows on additional coronavirus

so treasury secretary steven mnuchin and secretary staff mark meadows were in capitol hill today to talk about the next round of coronavirus relief legislation was senate republicans. follow the closed-door meeting majority leader mitch mcconnell and other republican leaders talk to reporters. [background noises] so is the good news is we'll have baseball starting thursday. boy does america need baseball and i know this town certainly does given always been through this year. we just had a robot bus discussion at our lunch with the secretary of the treasury about a starting place for the next rescue package. i have been working over the last two weeks with colleagues and with the administration to come up with what could best be described, typically around here as the chairman's mark, the starting place. we went over today and some level of detail the starting place we are hoping to come to some level of consensus on among republicans. but of course obviously the bill cannot pass without input from the democrats. that will come next. if you are looking for a theme, i will not put a bill

. >> sandra: that is steven mnuchin the president's secretary of treasury.just heard an impromptu press conference this morning touting the largest monthly jobs report on record, he said. biggest gains in u.s. history and the president talking about historic gains and historic numbers after june revealed 4.8 million jobs added to the u.s. economy and the unemployment rate fell to 11.1% and that did beat most expectations. that was life from the white house and his economic advisor larry kudlow is coming up on the fox news channel in a bit. please stay tuned, this fox news station for continuing coverage of the story. i'm sandra smith in new york. our coverage continues here on the fox news channel, thanks for joining us. the president just wrapping up his impromptu press conference there at the white house. a day early, it typically comes in on a friday, the first friday after the month concludes but it's a day early because of the holiday weekend. and those are the numbers he was touting. in one month, the unemployment rate with that headline ever dropping

. >> during an exchange with a reporter yesterday, treasury secretary steven mnuchin down played theandemic despite the spike in coronavirus cases nationwide. >> i think what dr. fauci said is that if people don't take these things seriously, okay, that the numbers could continue to spike. so. >> they're spiking right now. >> again, what i'd say is the numbers are up. we're obviously watching this very carefully. we think that there is the right balance, and we're working with the states on the health issues and the economic issues. we'll go to the next question. yes. >> mr. secretary, there is a record number of new infections every day. does the white house regret encouraging states to open as quickly as it did? >> absolutely not. i think we've had a very careful plan, again, working with the states. this is primarily the state's responsibility but working with the states. >> six of the nation's major medical equipment companies are warning of, quote, troubling concerns about the trump administration's coordination of critical personal protective supplies to virus hot spots. nbc ne

>>that's right treasury secretary steven mnuchin on the hill celebrating what he calls a successful small business loan program, the paycheck protection program is estimated to have saved roughly 50 million jobs but with the end of the coronavirus pandemic nowhere in sight. he's not pushing to extend it. >>we remain committed to working together until every american gets back to work as quickly as possible as infection rates or in some states friday treasury secretary steven mnuchin told lawmakers he wants to see new loans extended to small businesses facing a second round of closures but on a more targeted bases for smaller companies and those that are especially hard hit newton says restaurants and hotels will be top priority. lawmakers say the priority should be getting hosed a smaller business owners still struggling to get their first loan even as large are more well connected business owners rack up millions in aid communities like mine quite frankly iowa democrat abby finkenauer and ohio republicans, the shah but want to see a focus on helping rural in minority communities access l

steven mnuchin says another round of $1200 stimulus checks would be distributed sometime in august. they're in failing plan hit a delay over how much money should be given to people who have lost their jobs. democrats want to ask extend until february. but some republicans want to cut this payments to $200. a vaccine for the coronavirus is set to begin its final stage of testing. that vaccine was created by the national institutes of health. the study will include 30,000 participants. yesterday the former head of the centers for disease control issued a word of caution on vaccines and the timing of the release. >> you might see signals that the vaccine is protect sometime in the fall, you might see announcements from companies that they can make a lot of it, but between knowing it works and is safe, effective and available, that is going to be sometime next year in all likelihood if we are fortunate. >> a few other vaccines have begun smaller, late stage studies and other countries and here in the united states, there are a series of studies that are scheduled to begin each month to

technical fact so people don't get paid more to stay home than they do to work treasury secretary steven mnuchin says the current unemployment assistance must be faced to get people back to work is all about kids in jobs. white house economic adviser larry kudlow says they're 1 trillion dollar plan includes more direct payments to americans got to put the 1200. >>dollar checks out which for a family of 4 can be significantly higher with the congressional recess, looming next month both democrats and republicans will have to negotiate something quickly reporting in washington, i'm morgan wright. >>the body of the late representative john lewis is now at the u.s. capitol in washington lawmakers, civil rights leaders and others gathered today's lewis's casket was escorted into the rotunda where he now lies in state. president trump says he was not going to attend the ceremony and as a precaution due to the pandemic a public viewing will happen outside in front of the capitol on the steps there lewis will lie in state in the georgia state capitol on wednesday thursday there will be a service in atla

treasure secretary steven mnuchin joined president trump as he left for texas and said there's a lot of negotiating to do with lawmakers from both sides they agree americans should get another stimulus check but there's debate over how much. >> two senior republican senators have said that the republican proposal would be lucky to get even half of the republican conference to vote for it. >> it's unclear if lawmakers will strike a deal before recess on august 7th. california lawmakers are taking matsers into their own hands if congress fails to act. they're considering a jobless benefit package for californians borrowed from a federal trust fund. >>> a live look at capitol hill now, lawmakers are asking do the largest tech companies in the world have too much power? facebook's mark zuckerberg, amazon jay bezos, apple's tim cook, and google, testified before congress in a major anti- trust hearing. lynn ramirez at google headquarters in mountain view with more on what happened, len? >> reporter: in watching the hearings today, i was struck by one thing, republicans and democrats these

treasury secretary, steven mnuchin, has confirmed the chinese owned video app, tiktok, is under reviews a potential u.s. threat -- potential threat to u.s. national security. a tiktok representative said they could not comment on the review process right now. turkey's parliament passed a law that gives authorities more power to regulate social media. platforms will haveve to comply with strict conditions or face bandwidth reductions. the law was called for by president edro -- president erdogan. german ministers were grilled behind closed doors today over what they knew about allegations of fraud at wire card. in june, the highflying payment service provider crashed and burned after bosses admitted there was a 1.9 billion euro hold in the company's balance sheet. berliners have been getting the chance to experience their new airport 11 years after it was originally supposed to open. 11 years. an army of fake flyers has been trying out the passenger experience ahead of the airport's opening, scheduled for later this year. reporter: this is one of 28 test involving thousands of volunteer

. >> steven mnuchin appears before the house small business community and oversight of the small business administration and department of treasury pandemic program. live coverage begins friday at a.m. eastern on c-span. william barr appears before the house judiciary committee's general oversight hearing on the justice department on tuesday, july 28. watch live coverage of the hearing friday at 10:30 a.m. eastern on c-span. watch anytime on c-span.org or listen on the go with the free c-span radio app. the u.s. house and senate return on monday to resume legislative business following their state work per iod over the fourth of july holiday. they consider the 2021 national defense authorization act. the senate convenes at 3:00 p.m. they resume debate on the nomination of russell vought. to be the director of the office of management and budget. he's been serving in an acting capacity since january of 2019. the senate limited debate and -- advanced his nomination on a party line of 77-44. watch live coverage of the house when they return on c-span. live coverage of the senate on c-span2.

meadows and steven mnuchin have been meeting with senate republicans. they meet with the speaker of the house and chuck schumer. they can't get it together there's no way the currentlyen nced unemployment can peop are not going to get there are other formulas that are under consideration. but the current formula which expires one week from today is done. now, the larger question will be whether senate republicans can get l once they coalesce with omething. there's an anecdote where meows and mnuchin said we're going to give you $50 billion. we're going to give you even more. and nancy pelosie said w need $400 billion -- not $100 billion. th illustrates the gap between the two sides before the august recess which is goi to b delayed this year. this has real worldmpacts. at this point i would beretty bearish on a quick resolution to aka coronavirus p. robert: what do the republicans want? is it liability insurance for businesses? why are they holding back onid for schools and states? jake: well, like everything else, there are some republicans who want to

president's priority for the moment is to get money into americans what clay treasury secretary steven mnuchin says that means another round of direct payments to households 105 billion for schools and 25 billion for testing while also reducing the extra $600 per week unemployment benefit, we're very clear on we're not going to pay people more to stay home then to work i want to make sure that the money that we spend. >>is money that's needed gop leader kevin mccarthy acknowledges disagreement within the party about the bill's cost is causing delays these are important bills there's new data coming in every day and there's nothing wrong with spending a few more moments to make sure you get it right, but democrat senate leader chuck schumer says waiting will cost lives republican legislative response to covid is an unified unserious on satisfactory and democrat leaders say what's more telling about the republican version of a stimulus package is what's not in their plan nothing for state and local nothing for. food stamps feeding the hungry nothing for helping with rent and the rest of that spe

we know he changes his mind, he's volatile, he could go back and tell steven mnuchin push for that or no deal, but here is what i know and you can lay your odds and the odds will be very very low that this thing is part of it after you hear what i have to say. mnuchin made that comment yesterday on squalk box yesterday where he said the payroll tax cut will not be part of the package. we've been reporting for days about how there's a civil war inside the white house between the supreme court play ciders like larry kudlow versus mnuchin on this issue, and that mnuchin was likely to win. he did win but he did not win because donald trump is all of a sudden now as the wall street journal called mnuchin. he won because he is joined in his efforts largely, by mark meadows the chief of staff, who by the way is an advocate of payroll tax cuts and he's joined by the senate majority leader mitch mcconnell, and they're not talking about ideology when they went to the president, when the president heard their words. what they are talking about is what can we achieve? we have a divided senate rig

. >> reporter: today steven mnuchin proposed a new formula to give jobless workers 70% of their former wages. >> if you were making $300, you're not going to get $600, this time, and that's fair. >> reporter: democratic leader chuck schumer. >> the unemployment insurance that we passed has kept more people out of poverty than just about anything else that has been passed. people need to feed their families. >> reporter: at this point it is unlikely that congress will be able to work out a compromise before the deadline. and so republican sources concede that there likely will be a short-term lapse in these expanded benefits before they return in some form in august, norah? >> o'donnell: all right, nancy cordes, thank you. tonight congresswoman alexandria ocasio-cortez repeated a vulgar and sexist insult that was allegedly used against her by a republican colleague in an emotional speech on the house floor today. she did it to make a point about a culture of misogyny and what she called a pattern of dehumanization against women. here's cbs's ed o'keefe. >> reporter: in an extraordinary

mark meadows and steven mnuchin are working this hard.onald trump is nowhere near these negotiations. and that's probably for the better, because i think that meadows and mnuchin understand the politics better. but listen, they thought they were going to have this done by the end of this week. now there's no chance they'll have any legislation passed by the end of next week. and whether they will have to extend unemployment benefits next week when they run out, we don't know yet. they keep saying no, they're not going to do that. but we keep looking at a two to four-week stretch where congress is going to kicking into high gear trying to get something through here before kind of the middle to the end of august to refresh the paycheck protection program, put more money to testing, more money to all sorts of priorities having to do with covid. state and local government funding, out the window. republicans don't agree with that. so just a whole mess of priorities at the moment that are being mulled and considered. >> jake, quickly, on the i

okay, so you were just talking about stimulus checks that steven mnuchin wants them, right well so doesusiness running a lemonade stand had to be shutdown by covid so if you're under 14 years old you can sign up with the help of mom and dad on country time bailout.com. it's totally tongue and cheek but it teaches kids about entrepreneurship and struggles and i have to confess we did do a little lemonade stand on my block. i know it was wrong pandemic speaking and our neighbors were fine having our lemonade. stuart: okay by the way, my grandchildren. lauren: don't attack me on social media. stuart: no i'm just going to follow-up on that. my grandchildren, five of them, up in chatham on cape cod, on july 4, they had gone out and made masks, tie dye masks and made a load of them and sold them outside of our house for $5 a pop and do you know how much money they made? lauren: 200. stuart: a thousand. $1,000 for masks and it all went to the local covid-19 sort of organize yourself fund. they made a thousand bucks i think that's pretty good ashley. lauren: that is the sweetest story ever, stu