Transcripts For FBC Cavuto Coast To Coast 20240712

Runs here. They were safe bets and safe harbors in the middle of that whole virus storm. Apparently proving that even after the fact right now. The point in the selloff, everyone was abandoning stocks, no matter what their business prospects, how many regret doing that now . Knowing that all of those issues have come storming back, in fact race to highs beyond their old highs. And, look at the dow, look at s p 500. Even with the selloff here, five, six Percentage Points away from alltime highs. Not too shabby. A lot of this is built on optimism, today notwithstanding about the reopening of the economy across the board despite more than a dozen case reporting spikes in cases, most say the spikes are manageable. That is really in the eye of the beholder. Jackie deangelis breaking down what were looking at. Reporter good afternoon, neil. You point out the nasdaq is moving higher but the rest of the markets are pulling back. You have the push pull here as market moved high as you know, investors standing back we saw fears of lingering recession. It could take a little longer to get out of the woods. Theyre trying to process that. That happens when you move a little far too fast. As we said the reopenings are gaining traction. That is really important. Here in new york city, the difference is palpable. Every time you show the shot, it doesnt show what i see. I can tell you more cars on the road even more than what is being shown right there i even have to wait at lights to cross the streets, neil. That is welcome to me. That feels a little more normal. As of now, new york phase one reopening allows businesses for Curbside Pickup and manufacturing jobs and construction are on as well. Phase two is expected by end. Month. Retail stores allowed to reopen during that phase. Restaurants can reopen but with Outdoor Dining only. Office jobs can reopen, people can come back to work. Keep in mind all these businesses are expected to follow Strict Health guidelines. Capacity limitations will be in place. A whole new ballgame here with all new rules. Meantime july will be a big month nationally as well looking forward. Market is noticing that. Some families are tired of being couped up. You will see some amusement parks start to open in orlando. Disney and Universal Studios are both reopening. Both are designing new plans to limit waits in line, that kind of thing. Those new rules i mentioned. Theaters will reopen in july. The company has not given us a specific date. Likely it will be around the 17th of july, in time for a few expected summer blockbusters. Retail stores are coming at the bit to open too. Malls could be fully functional in july as well. People are excited to return to normalcy, dr. Fauci still concerned about people gathering in large groups. Because everything is open and you can do anything you want, you till have to practice a depreof caution and carefully go through the process of trying to normalize. That means you should still be wearing a mask. Trying as best as possible to have the physical distancing. You need to wash your hands as often as you possibly can and avoid congregations in large numbers. Reporter neil, we learned a lot in the coronavirus pandemic. Personal hygiene practices as well. Dr. Fauci is saying dont abandon those. You need to continue to do that to keep the curve down. Back to you. Neil thank you. Jackie deangelis on fast moving developments. I want to go to washington d. C. Mike emanuel has been following hearing going on examining racial profiling, police brutality, what congress can do about it, one way, shape or form both parties will do something about this. The question is how much. Mike, what are you hearing . Reporter good afternoon there was a motion right off the bat with the George Floyds brother speaking of his heart ache one day after the funeral. He still called him sir when he begged for his life. When you watched your big brother, when he you looked up to your whole life, die, die begging for his mom, im here to ask you to make it stop. Stop the pain. Stop us from being tired. George called for help and he was ignored. Please listen to the call im making to you now. Reporter several lawmakers promised george floyd will not have died in vain, saying there will be change. His brother called on congress to respond to the reaction across the country and make it happen. The people watching in the streets are telling you enough is enough. The people elected you to speak for them, to make positive change. Georges name means something. You had the opportunity here today, to make your names mean something too. Perry look up, what you did, big brother. You changed the world. Reporter Top Republican from ohio, jim jordan said there should be a bypartisan response from congress. There are 330 Million People in this straight country, the greatest nation ever, not perfect but the best nation ever and they understand, they understand, the American People understand its time for a real discussion, real debate, Real Solutions about Police Treatment of africanamericans. Reporter a wide range of witnesses. Social distancing at this hearing focused addressing bad policing, recent violence and looting and racial profiling. Neil . Neil all right, mike, thank you very much. My friend, mike emanuel in the Nations Capital here. In new york state this fellow received enormous attention, not speaking out against the police but speaking for the police. Take a look at this. Everybodys trying to shame us. The legislators, the press, everybodys trying to shame us into being embarrassed about our profession. Well you know what . This isnt stained by somebody in minneapolis. It still has a shine on it, so do theirs, so do theirs. Stop treating us like animals and start treating us with some respect. Neil you know, those remarks were trending across all of social media by the millions. Here is the fellow who garnered all that attention. Mike omeara, new York State Association of Police Benevolent Association President joins us right now. Mike, that was spellbinding, i know you were speaking from your heart, whether people agree or disagree whether the police have gone too far, certainly in the minneapolis area you pointed out something about basic numbers. That thereby far the exception and by far not the rule. Did you change any minds you think . Well, i hope i did but you know what . I know that i spoke about things that every Police Officer, every Good Police Officer in the United States of america was feeling and it resonated with them. And you know, like i have said, i said it a number of times, you know, we, for the vast, vast majority of us we conduct ourselves honorable professionals. We conduct ourselves with integrity and compassion on a daily basis when were dealing with the worst of humanity and, you know, we were disgusted by minneapolis. It was a vial violation of mr. Floyd and, were horrified by it. So we understand there is a call for justice. We understand that, and there will be justice done in minneapolis, however, the conversation has shifted so that now saying the word police is a fourletter word in the United States. Its not. Most of us, the vast majority of us conduct ourselves with integrity and respect for our fellow citizens. Neil fairly or not, mike, there are a number of young africanamericans in particular who dont think that is the case. Who think that the Police Target them or certainly are more inclined to go after them than they would a white person. What do you say to them . You know what . I dont know what to say to them because, i dont know i understand, because the media puts out there and pays a lot of attention to police misconduct, which they should, they should but, we dont, we dont like i said at the press conference yesterday and i said before, 375 which is low ball number, 375 million contacts with the public every year in the United States of america and 374 million and change are, a lot of change, are positive. So is there bad cops . Of course there is. There is bad people in every walk of life and, those cops should be punished for their misdeeds. We agree with that. We dont want to protect bad cops but most of us are good cops and that is being lost in this conversation. Neil so let me get your sense of politicians are damned if they do, damned if they dont, wanting to rein in obviously protests, particularly the violent ones and at same time acknowledge that certainly what happened in minneapolis is sticking with a lot of people and theyre angry about it, but this push now to defund Law Enforcement, what do you think of that . Well, i dont know what that means. I think that, again, it is a scare tactic. I dont know why were scaring the american public. There is nothing to be scared about. Well put on our unforms and go out, put our shields on to do what we do every day and that is an honorable thing. Defunding is a very, very nebulous word. So i dont know, do they want social, you know, people or social people to go to people as houses when they have a Domestic Violence incident . They can try it, but i will tell you something, they can defund but the lowest possible denominator is always 911. When you call 911 were going to respond because thats what we do. After they try these experiments with defunding, couple years later they will be refunding because there is going to be mayhem. Neil pressure building on capitol hill to do something as you know. Among the ideas is changing police procedures, outlawing chokeholds that sort of thing. Where are you on all of that . You know what . They just passed a law in new york to ban chokeholds. Nobody is in favor of anybody choking anybody to death. It is almost a ridiculous question but thats why, you asked me, nobody else has asking me. Of course people, like Derek Chauvin should be held accountable. Were saying that. Were saying it to anybody that will listen to us. Were not in favor of people being choked to death by anybody, especially a cop because those are, you know, that is our profession. So am i against people being choked to death . Yes . Am i afraid that legislators will legislate with emotion instead of reason and make chokeholds worse than a gun . I think thats a problem because if im fighting for my life, i might, all bets are off. Im doing anything i can to save my life. I shouldnt use a chokehold when someone is restrained but when im in the fight of my life, i got to do what i got to do, you know, that is the issues that were coming up as Police Officers that we need to watch out for. Neil you know, mike, i know a lot of policemen and women, a lot of retired policemen and women told me to a man and a woman, i dont know if i would ever want back in that business. A couple of my kids mo were looking to become cops themselves, said i dont know if i want my son or daughter to do this in this environment. Are you surprised . Absolutely not. I mean, weve had this conversation, Police Officers having these conversations on a daily basis in this whole country but, thats why, maybe, maybe my press conference and maybe people would have told me yesterday morning i would be talking to neil cavuto on national tv i would have told you you were smoking a substance. But that is the conversation we have to have. We have to say that every Single Person that you interview on either side of, on either side of this issue always says 99. 9 of the cops are good, honorable people. We cant legislate to make 100 of the cops evil. You know . Were losing, something is getting lost in the wash. I said it before, i say it again, i know all kinds of Different Police professionals and pbas all over the place. We want to be part of the discussion. We want to understand the emotion of the black community and we want to say, you know, we want to help, we want to help allay that fear. We want a community where everybody can live and prosper together. Im dead serious. That is what police think. The media for the most part, and a lot of the people that are getting the mics put in front of them are telling a different story. That is not the story. You know, most of us, the vast majority of us are good, hardworking people. Were your neighbors and your friends and you know what . That is what i need to say. That is why im on your show talking today. Neil no, im very glad you are. You know, you made such an impact on social media, what have you, that might be any one of a number of news shows calling you now, that, i wonder how some of your minority cops feel about this, africanamerican ones, hispanics, some of the others . There has been a great increase in diverse police force across the country and im wondering how they feel hearing that theyre racists or target africanamericans . How are they dealing with this . Well, ill tell you a story. Yesterday after that news conference, the first person, the first person that came up to me was an africanamerican Police Officer in uniform and he hugged me and he said, thank you for saying what im feeling. That was the first person that walked up to me. So i dont know what everybody thinks. I dont know, i dont speak to everybody. Everybody has the right to their own opinion but i know that was the first person that walked up and hugged me after that press conference yesterday. Neil well i think there are a lot of people doing that virtually as well once they heard your remarks, mike. Youre very passionate fellow. And that came through loud and clear. Mike omeara, thank you very, very much. Thank you. Neil well have more after this you say that customers make their own rules. Lets talk data. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. Neil what is that expression . Better late than never . A lot of gyms and Fitness Centers are in the next wave of openings. We have the a ceo out of jackson hole, wyoming. They have gyms and Fitness Centers everywhere. Depending on the state, depending on the locale some can open albeit with limited capacity. Some are still waiting in this process right now . I guess it depends on where you are right now . Yes, absolutely depends where you are. Weve got about 600 locations open in the u. S. Out of our 1200. Were kind of halfway there. We have a long way to go. But the situation is very dynamic. It changes sometimes by the hour. Regulations obviously vary by state and local municipality. Neil so by and large when they open up, dave, the slow rollout it is limited capacity, right . Maybe 25 when things start. Maybe you get up to 50 . Where are you in this process . I would say im average right about 50 . So that means, you know, you have a six foot between every individual. No congregate negotiate lobbies. Were letting people in one by one. You know, just using best in class precautions to insure that folks that come are feeling safe. Neil and what to you do . If people, working out on a wait circuit, what have you, are they, or do your guys clean up after them . You know, what is that process like . Yeah. You know one of the benefits of our class base is that our members currently are not sharing any stations. Theyre not sharing equipment during that period of that class. Then after each class, we do a full deep clean of the entire studio during, extended break before we bring a new group of folks for the next class. Neil what has been their reaction, dave . Obviously a lot of people were craving this, just to get back and get fit . When they do come in they have new things to get used to. You have new things to get used to. What are they . Fortunately folks are really craving to get back in. Community is a massive part of our brand working out together. We made it real easy for folks if they want to wait, with no repercussions, wait a week or for folks returned significant amount of our member base. They love being back in it. Theyre feeling really comfortable because of precautions we have in place. They can come in to have a safe Effective Work out. There has been a lot of change. I think were built on the community and trust aspect. We also really been intentional how we communicate what were going to be doing before a member walks through the door. So they know what they will experience ahead of time. Weve done a bunch of video media. Weve been overcommunicative. There is no question marks, so people know what theyre getting into when they come to do their workout. Neil how did you handle the whole shutin thing and sheltering thing . There is obviously added pressure of a guy like you to be in tiptop. I know the feeling, my friend. I wonder how you dealt with that and how do you deal with it now . It has been extremely challenging and i think the way myself and others summed this up, brand working to lead to put the best foot forward. A lot of things overnight were out of our control. I think we had to really group and lean on the trust and relationships we had with our staff, with our franchisees. Saying well be in this together with you and so we increased our communication to our Franchise Network and really just leaned in to Work Together to figure out how to best to tackle a really tough situation. Obviously it has been highly stressful. Of course everybody is also working at home, different dynamics with those that have kids at home too. Kind of the whole world flipped upside down. Weve leaned on each other. That is a difference maker to allow us to get through a really challenging three months. Neil i wishing you well. I wish you luck. I dont know how you do it stay fit through all of that but you did. Dave long, thank you very, very much. Good seeing you again. Take care, appreciate it. Neil thank you, my friend. There is a new calls out to get rid of Police Department but whats odd, i noticed a good number of celebrities saying get rid of them. I know, this is abbott and costello thing, but youve got a security detail with you . , i dont get it. Neil were a little bit early, talking to the head of the Benevolent Association order of police here, he is sick and tired of everyone pointing the finger at police and lumping them all into the same racebeating group. Eric shawn has been following up now on many of the new york city Detectives Association who have the same mindset here and have had it with protesters who dare attack any of their members. Eric, what is the latest here . Reporter hi, neil. They have really had it. So much attention they complain has been on the protests, dealing with Police Violence against protesters and others but the union that represents nypd detectives, well, it is turning the tables. The Detectives Endowment Association vows to sue any rioter, protester or looter who attack police. The first lawsuit has been filed against a looting suspect who is accused of stealing items from a cvs pharmacy in manhattan. He claimed that the he was injured when the 19yearold suspect resisted arrest. The union assuring that alleged rioters and looters face justice if prosecutors decline to file any charges. Rocking thrown at them, shot at, assaulted, i dont know how much more they can take. Theyre putting up with a lot out there and, you know, they are the finest in the world. Theyre doing a fabulous job. But theyre being demonized by the elected officials. Reporter but some doubt the lawsuits will succeed because of laws that protect the police. A civil rights Attorney Says for Law Enforcement officers to sue citizens, they should surrender legal restrictions that serve them like qualified immunity, the fact that cities often legally indemnify officers from lawsuit damages that prevents Police Officers from being sued personally. If the police want to use the civil law as a tool in their policing, those of us who pay their salaries have the opportunity now to engage in some real reform which is, stop the endemification of cops. Reporter but the decktives union says it is pressing forward, starting with these lawsuits against those who attack police. You know, neil, the nypd says 354 officers were injured during the protests. This comes amid the controversy the fact that new york mayor bill de blasio and the city council are considering cutting some of the Police Budget and trying to institute some reforms neil . Neil did not go well with the new York City Police commissioner either. Eric, thank you very much, eric shawn. Wonder what joe miss cobow thinks about this . This is trending topic in america, discussing about the police, whether theyre good or bad, whether we should rein them in or whether we shouldnt. In the new york metropolitan area this was all the buzz. Joe, you have obviously dealt with shows on this, continue to. A lot of your listeners this is the number one topic. Where are they on this reining in Law Enforcement . They defend the police. Dont defund the police, defend the police. What happened in minn minneapolis, makes me so upset the hurt i feel for george floyd what happened, four thugs, i dont want to call them Police Officer, those thugs took the life of george floyd. The nypd is the lowest paid police force in the country. I see them, after 9 11, what i went through, a lot of my listeners telling me it, was local police, it was the nypd that stood up. So my audience on am 970 the answer every single morning. We stand with them. I had sergeant joe from blue lives matter. You cannot convict, you cannot indict Police Officers all over the country who are putting their lives on the line every day because of four thugs in minneapolis. It is not fair, neil. Neil weve been talking to a lot of folks on both sides of this issue, joe, a lot of them say, theyre not like the guys in minneapolis but the default tends to be, go after the black guy. That if it were a white guy leaving leaving that store in minneapolis with having used or allegedly used a counterfeit 20dollar bill, whether he knew about it or not, the white guy wouldnt be treated like this, the black guy would. Now, that comes up again and again. Is that a fair criticism when youre, you know, listeners are talking about this . What do they say . Well, you know, i talked to reverend Jesse Peterson today, kind enough to come on my show, i went on his radio show as well. And he said youre blaming the wrong people. First of all you and i could never determine what it is like to be a person of color in distressed areas of america. You just dont know. So i, i for 25 years ive dedicated my life walking the streets of camden, new jersey, when camden was deemed the most dangerous city in the United States. We helped build neil right. Back to the city. Ambassador to the Boys Girls Clubs of new jersey, working with children of all color. So you cant, and walking those streets, neil, man, you cant describe how tough it is but that is tough for the Police Officer because there is a lot of crime in that area. So, and what reverend peterson was saying to me this morning is that, you cant blame, you know, the white guy. You cant blame everything else. Dont look to the police to blame. You got to clean up the community. You know, on fox business right here, neil cavuto, why arent these big corporations putting jobs in the south side of chicago, in east st. Louis, illinois, in camden, new jersey. Nike, cant make sneakers in compton, california. They will do slave labor in some country which name i cant even pronounce . Time for Corporate America to go back to the top 10 inner disof United States of america, bring back manufacturing here away from china. Away from these countries using slave labor and rebuild these innercities, with what, neil . Jobs. Neil you know that is not a bad idea. I will steal that one as my own, by the way. I want to ask, i think, i think the genie is out of the bottle on doing something about reining in Police Departments, whether it goes too far owe defunding issue you raised, who knows. I found this story hypocritical, l. A. City Council Leader reining in on defunding the police, eliminating police, we only come to discover that Council Leader gets to and fro with a security detail. Im leaving aside big hollywood names who have the same security detail. Im not begrudging some of that need that, use that for their own safety but it is okay for them. Doesnt seem to to be okay for others. What the mantra is, governors say stay home, dont move, dont get out of your house, dont open business. I saw interview with the business owner. Telling us what to do, telling us what to do, but the politicians are being paid. The politicians are getting pension and welfare. Theyre having 401 k taken care of. They got their security. They got their car. It is such a hypocritical double standard by these politicians. You know what . We the people, were done with it. Its not fair. Open it up. This whole pandemic seems to be, you know, a lot of was inflamed. Theyre doing same thing about the police. Leave the Good Police Officers alone. You know, be fair and, by the way, can we open the businesses . Lets go back to work. If i may, neil, this is a great country. My people, the ones behind me i joked about last time were on, that is the boat my grandfather came from italy on, right there . Went to north new jersey, right . They taught me how great this country was. It is the United States of america. We dont hate everybody. We love everybody. Theyre looking to blame all the wrong people. You got to go to the distressed areas, neil, i know this. I know we joke around, we have fun. A lot of time im on stage, im entertainer but there was a man, if i may mention his name, raymond chambers, he was a wall street icon. Gave up everything, gave back to north new jersey, his hometown. He is now curing malaria with the United Nations in africa. This man stout me how to give back, give back for you. The police are not the problem for the most part. In minneapolis yes, maybe. Not around the rest of the country. It is not thing white man, big bad white man. Look to the community. Create jobs. Will take 10 years, 20 years, neil to turn the communities around. If you bring jobs and bring something that the folks, some kind of, order within those stressed areas you will see all the problems go away. I really believe that. Neil i think youre right about that. I also think that your relatives featured on the wall behind you would be very proud of you right now. Probably shocked at your success but very proud of you right now. Joseph, thank you very much. One thing that is so great about joe, if he gets people like that on his show, he hears all sides, calmly without pointing fingers, without shouting. You know might get some people who dont share that view and get angry, but he does it with just class and integrity. It is possible, my friends, it is possible. Well have more after this. There are times when our need to connect really matters. 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Whether a remote test drive, shopping, tradein, or even service pickup, audi at your door can do this and more at participating dealers. The premium audi dealership experience, on your terms. Audi at your door. Neil all right, a tough day for the dow. Not so the nasdaq right now. It is comfortably over 10,000 up about 61 points. I think you know this theme thats been developing here as it sprints to records here, looks at some impressive gains. The fact of the matter, it is propelled by Big Technology names. Apple and amazon, disproportionately accounting for that. Facebook not hurting matters. Everything, almost everything in technology helping substantially. I wonder how long this lasts . Of course i have a very smart guy who can sort this out. Ray wong Constellation Research ceo, joining us out of palm springs, california. Ray, always great to have you back. Nasdaq is one thing, what is going on but i do notice that, it seems to succeed in sheltered and unsheltered times alike. Some of the names leading the parade are very ones that were leading it in the middle in the worst throes of this. What do you make of that . You know, neil, youre completely right. This is the gamma trade, twin dollar club. A couple characteristics near monopolistic digital models, monetizaton models. Theyre in the cloud. They have got digital channels. They have subscription models. Theyre automating and theyre using a. I. All of that comes together to give them a winner takes all advantage. Neil you know, how would you classify tesla . I know it is an electric auto concern but i look at it as a Technology Stock and obviously it has been racing ahead. Im just wondering, when you hear people say this will be a 10,000dollar stock and all, where are you on this . I love tesla and i think part of it is really about the spirit of American Ingenuity, american capitalism and the model. What is behind tesla, is the fact that they are making the big bets, the crazy bets. It is a tech company. It is a data company. It is looking at not just transportation but also energy but it is the value in that data. Think about a fleet of tesla cars, the Energy Network in solarcity and all the other things theyre planning in the future from vehicles and driving, theyre able to take that data and use that data to create new products and services, when they launch the network, it is not just a car company, it is about using data to figure out where Energy Consumption is changing. How to renegotiate power purchase agreements. What does mapping look like . How do i change preferences to help you with personalization and advertising . Those monetizaton models are in the future of tesla. It is volatile stock. We have it at about 1000. That is one of the things you cant say, hey, were looking at the fundamentals. Youre betting on the future with tesla. Neil yeah with a lot of these companies we are, right, ray . And one of the things i always ask you do you ever get concernn they get to the nose bleed . Why dont i take my profits now . Amazon has had 45 runup in year. That is incredible run. They seem to add 30, 40, 50 points a day, what do you tell people . Apple is the smaller because the stock price is smaller but what do you tell them . You know, i love these companies because the way their Business Models are set up. The way they take Large Networks of users. They use that to actually build digital monetizaton models. What i tell people, these will be here for quite some time. This is basically the equivalent of the industrials we remember back in the day, of ges, boeings, honeywells, holding up the dow. The nasdaq is equivalent of the new economy is, if you want to bet on the new economy stay there. Amazon is a great example. Theyre taking market share from retailers. Theyre taking market share from the advertising space. Theyre taking market share from the conglomerates. These companies are conglomerate stocks and portfolio stocks what is happening in the digital world. Neil youre right about all of that. My friend ray wong, Constellation Research ceo. We should let you know, j j, Johnson Johnson says it will begin human trials for a coronavirus vaccine, get this, in july. That is like next month. Its not alone. After this. Just over a year ago, i was drowning in credit card debt. Sofi helped me pay off twentythree thousand dollars of credit card debt. They helped me consolidate all of that into one low monthly payment. They make you feel like its an honor for them to help you out. I went from sleepless nights to getting my money right. So thank you. Sawithout evenon yoleaving your house. So thank you. Just keep your phone and switch to Xfinity Mobile. You can get it by ordering a free sim card online. Once you activate, youll 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. Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. Neil all right. We know a lot of companies are working on vaccines set to deal with the coronavirus. What surprises us a little bit when a big name like Johnson Johnson says its ready to human trials for its own vaccine in late july. So that is a lot earlier than expected. The read on all of this, the promising potential offerings out there, a Board Certified cardiologist and assistant clinical professor of cardiology at the Mount Sinai School of medicine. Doctor, good to have you back. Do any of these, doctor, hold promise or curiosity are to you or is it still early to tell . There are a lot of reasons to be optimistic at this point. We covered this before. Phase three trial, already very advanced stage in this process but as he said, to develop a vaccine need to follow linear sequence, you have phase one, phase two, phase three and phase three does not start unless we have good preliminary data from the prior phases. We have the european government decided to work in conjunction and fund and start trials by july, human trials. Those are meant to have at least 30,000 subjects that will be with placebo. That is good news. Theyre pairing up, focusing manpower and resources to develop this vaccine faster. Neil doctor, you know we heard about 14 states that have spikes in virus cases in the middle of their reopenings. I guess none serious enough to stop those reopenings or even slow them but what do you think of what you have heard and seen . Those numbers are definitely concerning for the health care community. It is very simple. The more you put together, the more cases you will see. I do think each place has to take the numbers individually and you have to open up, staged up following those markers we have and where the benchmarks are complying with the cdc guidelines. Neil what about average americans who, you have seen a lot of them throng together for the protests . They feel that is their constitutional right. They feel that. I get that. Certainly will lead to a spike in cases, right . These are hundreds of thousands of people across the country, dare i say around the world who have been protesting the arrests and subsequent deaths of this guy in minneapolis. Im wondering the George Floyd Death notwithstanding, are you worried that the protests to address that are going to lead to a worsening in the number of cases, not only in this country, probably especially in this country but across the world . Absolutely, neil. Unfortunately they intersect and they can make each other worse because if we look at those images, there are all these large gatherings. People are in contact. There are a few cases reported to be linked to the mass protest. It will get a little worse as people do not comply with the social distancing. Neil all right. Well watch it very closely. Doctor, thank you very, very much. For all your hard work, just looking after us. That is no easy job there. Or taking certain anchors questions, no easy job there. Dr. Pete tree, thank you. We have a lot more well show you. Corner of wall and broad. The dow is one thing. Nasdaq is big thing. The technology laden index is racing ahead. Dont blame apple and other components like microsoft within the dow. Do blame boeing. That is accounting for disproportionate amount of selling but in the nasdaq those very same names excluding boeing are what have us in record territory. More after this. Rests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. 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Unlike ordinary wmemory supplementsr . Neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. Memory, focus, accuracy, learning, and concentration. Try neuriva for 30 days and see the difference. When this crisis is dongoing to be over and we dont know exactly when the stock market will reach its bottom, weve got to be prepared for this to last a long time. If you assume that youre out of work for nine months but you end up only being out of work for. Neil all right. Were following two rapidly developing stories right now on the market front and on the political front. First on the market front. Its getting a little bit of attention because it has a big old 10 in front of it. 10,000 plus. That is the number on the nasdaq right now and that is a record. If it holds today, it will be the First Time Ever that technologyladen index has closed above this number here. That is something everyone is watching because this is one average that was just pummeled obviously in the throes of the coronavirus and sheltering and now storming back. We are monitoring that. Now to the Political Development we are very very closely following and that is what is happening on reining in Police Forces around the country. Grady trimble has been following that because chicago has its own plans, one of at least half a dozen big cities that want to change the way police operate there. Reporter the state of illinois is considering licensing Police Officers. This proposal would essentially allow the state to revoke that license and get rid of officers even if that Officers Department doesnt. Right now, police in illinois, they are certified. They can lose that certification but that threshold, its pretty high. For example, if they are convicted of certain types of crimes but if they were licensed, the state could yank that license for misconduct, not just certain criminal convictions. So in illinois and other states, want to show you this graphic, these are some of the professions that the state issues licenses for. Accountants, interior designers, teachers. Chicagos mayor and the state attorney general, both democrats, argue the same should be the case for Law Enforcement. Okay. We dont have the sound bite. But they say if your barber has to be licensed, you should have to be as well. Illinoiss attorney general tried to pass licensing requirements when he was a state lawmaker after the shooting in ferguson, missouri. They removed that policy from the legislation to get Police Reform laws passed. The National Police association does not support this without additional information. They say each department has oversight already in place and every Law Enforcement agency across the state would need to be on board with this policy in order to avoid a legal fight. Neil . Neil all right. Grady, thank you very very much. We will see how that goes. Meanwhile, another political fight is brewing, this where the president you know doesnt want to have the Republican Convention in the state of North Carolina, charlotte, North Carolina. Because he says the democratic governor there is sort of dragging his feet on what is ultimately going to happen there and whether they will have a crowd or distancing measures, never mind the governor is thinking about the safety of the conventionee conventioneers. Republicans are looking at other sites. Blake burman on the other sites and how close they are to a decision. Reporter it is starting to become very clear that the entirety of the Republican National convention at the end of august will not be taking place in charlotte, North Carolina though we are told that some events, some meetings will be taking place in charlotte but the big celebration, really what we have come to know on television as the convention, most likely going to happen elsewhere. Among the possibilities that the rnc is looking into, jacksonville, florida, savannah, georgia, nashville, tennessee, phoenix, arizona and dallas, texas. Im told that jacksonville is viewed at this point as a strong contender, though as the Trump Communications director said earlier today, no final decisions have been made. My understanding is that determination has not yet been made. I think those reports should be considered premature. What we do know is that the convention and what people think of as the convention they will see on television will not be occurring in charlotte. Reporter what about charlotte . Well, an rnc official told me that could mean a 200 million Economic Loss for that area and conversely, a 200 million gain for whichever city might get the big show. North carolinas democratic governor, roy cooper, has consistently said Health Experts and data will help guide crowd sizes. President trump wants a packed arena and the white house says that can mean a big loss for the tarheel state. The president is very frustrated with the politically motivated governor of North Carolina who is not doing whats in the best interest of his state which is to bring economic boom and Economic Activity and the great resources that would come with holding a convention. Reporter one thing to keep in mind when we talk about jacksonville, florida which has moved to the top of the list, florida, swing state, republican governor, theres a republican mayor in that city as well, hotels. Ill take you all the way back to 2005. You might remember the super bowl then that was held in jacksonville. One of the big issues then was the amount of hotels. They actually had to bring cruise ships into the port there to accommodate all the guests. Cruise ships right now, packing a lot of guests on to them, probably not a realistic or ideal scenario. One thing to keep in mind when you talk about jacksonville as one of the possibilities where they might move the big speech and big celebration. Neil . Neil real quickly, are they concerned that is the white house, that for whatever valid reason, that they could lose North Carolina, snubbing the state for its convention . Reporter North Carolina, a swing state, florida, a swing state, arizona this year, believed to be a swing state. Georgia, a state maybe that you could potentially fit into that category. Tennessee, not necessarily a swing state. So if they take it out of North Carolina, but put it into florida or put it into arizona, polls there for example show Martha Mcsally trailing by double digits so theres a lot to talk about with arizona. Yes, if it does come out of North Carolina, that could lead to a concern. As you know, they put conventions into states to sort of highlight and focus that swing state, but the options they have on the table right now do include other very very important swing states as well. Neil as you remind me, its ball that all about the electoral vote. Blake burman on all of that. You have been hearing about the number of states that have their own moves, North Carolina is a good example there, that tick off a lot of residents and in this case, the president of the United States about some of the strict stipulations there, a lot of local leaders, mayors and the like, would like that control for themselves because what might be one size fits all for the state isnt necessarily good for their community. Alan is a somerset, kentucky mayor and he wrote that he and other local officials should make that call, not be at the whim of whoever is running the governors mansion. Thank you for taking the time. What reaction have you gotten to this . Well, so far, thanks for having me on, neil, its been tremendous. Folks in my community have asked me to advocate on their behalf. I appreciate the president passing some control down to governors but i think its important in areas like mine, we are a Small Community in southeastern kentucky, about an hour south of lexington and a couple hours from Churchill Downs where the derbys held, we want to make decisions on whats best for our folks and our businesses. Neil so i know you have a democratic governor, but was it ever moving in stages like new york that has a big rural or at least not nearly as urban area upstate, where the issue of the virus isnt as extreme as it is downstate, in the more populated areas, or has it been kind of that one size fits all . Its been more one size fits all here in kentucky. We have had stages of recovery, stages of reopening. Some of our challenges and frustrations have been that not only is it too slow, it has been disproportionate. We still dont have Child Care Open for our working families here on main street and its frustrating when working class kentuckians want to get back to work and cant because they dont have miles an hour anywhe send their kids. Its been frustrating. Neil i hear what mayors and folks like you are saying, but i dont want to endanger people, either, and we have seen spikes in cases, i dont know if that applies in kentucky, but certainly in 14 states it has and theres a concern here if you rush it too much or try to push a reopening a little too soon, you will see the same spike and thats what hes trying to avoid. What do you say . Right. I would say we will focus on risk mitigation. This narrative that there will be risk is really a false premise. We push for strategic and safe reopening. Kentucky was one of the only states in america, maybe the only, that closed chiropractic care. We were having trouble going to an optometrist, things like that dont line up with common sense. Most kentuckyans are asking for it and people in my community were happy when that needle was moved up a little bit. Neil we will watch very very closely. Have you heard from the governor on this . No, we havent. We havent yet. But i know theyre listening. Restaurants, the tourism destination, i know youre familiar with the bourbon folks, the valiant green berets, went to afghanistan, that economy is vital in this part of the world. I hope and trust theyre listening even though we havent heard directly from him. Neil we will listen and watch carefully. Mayor, thank you very much. Very good having you on. Meantime, want to draw your attention to whats happening on the corner of your screen. While the dow is down as i keep saying, its important to keep saying it because it is historic if it comes to pass, while the dow is off just a little bit in the scheme of things, its the nasdaq thats getting the attention. This technologyheavy index is hovering in record territory, well over 10,000. We hit that a number of times intraday. We never closed over that. The significance of that with Rebecca Walser and connell mcshane. You have been reporting on this backandforth, it sometimes takes awhile for averages to tease a level but this is a big one, isnt it . Especially when you remember nasdaq 5,000 back in the day. Seems like so long ago. That was the high during the tech bubble. Now doubled many years later. Its that huge round number and something is to be said, i think, about round numbers but just in general, how the market has run up not only the nasdaq but the other averages off the lows from dow 18,000 plus to 27,000 plus. It will be really interesting to see how jay powell, the fed chairman, handles himself in the next hour, trying the balancing act of letting investors know that he will continue to have their back because we all know and have accepted the fact that the Federal Reserve has supported this rally off of the lows, but still, i would think try to buy himself some time to see how the summer goes, to see if there is a second wave of the virus, to see how severe that might be and then to see how governments react to it, because if you are the fed now, youve gotten to this point, theres been some criticism but you have gotten to this point and now can you buy yourself some time to see us through it into the fall when we might have more information about the economy and the health situation. Neil you know, to his point, rebecca, obviously we will listen very closely what Jerome Powell has to say, not that anyone expects a move on rates, i dont think we go any lower unless we want to try negative rates, but he might telegraph this not moving on rates, keeping them near zero through this year, through next year, gosh, maybe through 2022. Where are you on this and the rewards and risks of this strategy . I think connell is exactly right. I mean, the Federal Reserve has injected over 2 trillion into the economy since march, and that was really, you know, historic and we needed it. I agree with that. Im not a Big Government interventionist, but we needed it. We closed down voluntarily, stopped everything in its tracks, so the fed acted appropriately. I think connell is exactly right. We are going to basically hope that he the Federal Reserve chairman jay powell is going to say listen, you know, we had some good jobs numbers last week, i think thats actually why were down. Everyone is expecting they are not maybe going to get as much support from the fed as they were expecting with such great job numbers on friday, and i dont think thats necessarily the case. I dont see any rate changes, and i definitely hope we stay away from negative territory because i dont believe that will help us at all. But we do need to have some powder in the keg so that if something happens Going Forward from here, that we still have some reserve help that can come in. Im not looking for super aggressiveness but i do hope that he indicates the fed is still willing and ready to do what they need to do to support the recovery. Neil another quick point, this idea the fed chairman seems to be much more worried about the virus and its still sticking around and the spike in cases, that its still a variable to him, and im wondering how that plays out. Would that alarm investors if they hear him saying hey, im not sure we have beaten this . You know, its interesting, because i do think i thought that was for rebecca. Go ahead. Neil go ahead, connell. Go ahead. [ speaking simultaneously ] neil im blaming it on connell but its all me. Go ahead, rebecca first. I did mean it for you. Sorry for the confusion. But this idea that maybe that could rattle the market if he goes on and on, that is, powell, about the virus and hes not convinced its licked. Yeah. I dont think that i think we have some positive momentum. I think that people, im hearing reports all over the country that theres a lot of those saying the virus is so low it wont be classified as a virus anymore. Not to bring in the science of it but if jay powell comes out and sounds very negative about the future on the virus, and a second wave, thats not going to bode well at all for the Investor Sentiment today. I dont think we are expecting that at all. I hope he steers clear of that and unless except to say that he wants to be prepared in the event theres a future that needs additional fed support but beyond that, i hope he doesnt linger or belabor the fact that he thinks we could have another wave of virus. Thats not what we want the hear from any Government Official right now, to be honest, from an economic perspective. Neil yeah, but you do have, connell, right, obviously dr. Fauci is worried about it. Hes gone on record saying hes worried about it. Does it carry more heft if Jerome Powell is . Well, hes only going to react, right, i would assume, to someone like dr. Fauci. Thats his wheelhouse. The fed chairmans job is to react essentially to the reaction. I think whats interesting about the market right now, you talk to investors about it, is that there are some concerns, certainly about a second wave. People see the numbers in a state like texas where there are two Straight Days of record hospitalizations, they see numbers going up in florida and other states, they do see all of that. But to me, the bet is that its not so much there wont be a second wave but for investors, maybe it would be wrong, the bet is there wont be a second shutdown, that the reaction to this will be a manageable one that well be able to get our way through it and that the economy wont shut down to the extent that it has been shut down for the last few months, even if theres a second wave. Again, those bets as you know could always be wrong but i think thats a lot of whats driving things, that in addition to what rebecca talked about, support from the Federal Reserve. Try to keep both of those things in play, saying even if we have more cases, we wont necessarily need to shut down as aggressively as we did the first time around. Neil yeah. I wonder if we ever do this again. Well see. Guys, thank you very much. Sorry about thatt confusion. Always good having both of you. Meantime, we are still focusing on the nasdaq and this runup here. We will keep a very close eye on that. Keep a close eye on whats going on with gold. Interest rates here, very supported in this environment. And we will keep you updated right now on what is happening in these reopenings and the states that seem to be doing it right. Because thats the wind at the collective markets back. Incomparable design makes it beautiful. State of the Art Technology makes it brilliant. The lexus nx experience the crossover in its most visionary form. Experience amazing at your lexus dealer. Neil all right. Let the sports world, well, continue. Major league soccer, the 2020 season we are told now is going to kick off again with all 26 clubs thats going to start july 8th. Now, if youre asking about Major League Baseball, thats another story. Charlie gasparino has been following all of that. Charlie, what are you hearing . Charlie neil, theres a lot of contingency onies on whether wel have a Major League Baseball and how it will look. One of the contingencies commissioner rob manfred has to deal with is the likelihood covid will give a second wave and that could likely come in the fall and if that comes in the fall, how will that impact Major League Baseball if we do have a season. For that reason, he wants everything to be over in terms of Major League Baseball, the playoffs and everything, by september, late september. Because most people, most scientists are pretty much in agreement that were not done with the covid virus and there could be a second wave, hopefully its not as bad as the first wave. Where we are right now is this. Nobody knows exactly what type of season were going to have. Players came back with a proposal yesterday, as i said they would. It was more of the same. They want full pro rated salaries. That means they get their full salary pro rated over a certain amount of games played. Thats likely to be rejected by Major League Baseball which basically says they dont have enough money for a full pro rated salary, particularly what the players want is 80 games. From what we understand, manfreds objective here is to negotiate with the unions, to try to come up with some sort of solution that precludes him from doing, hitting the nuclear option, so to speak and just saying listen, we will play 50 games, thats how much money the owners say they have, take it or leave it and who knows if we are going to have a world series. That counterproposal, from what i understand, could come today and it will be very interesting how it looks. Will it be we play 50 games, supershort season but we can negotiate as it goes on, do they come back and say okay, players, you want 89 games, we will give you 75 and give you 90 of your salaries. We dont know. From what i understand, that is coming down today. I think whats going on here, to be honest with you, is both sides are getting embarrassed. They are embarrassed because the public is quickly losing patience with the league. The public is hurting, this is a country in distress right now, not just for the pandemic but from the protests and the other issues over the recent racial hostilities. It needs somewhat of a diversion. What they see is two bibbickerr sides of millionaires and billionaires not playing baseball. I think they both know a lots at stake. They need to come up with a solution. We could hear that solution, i hear, as early as today. Tonight, the 2020 draft does begin so theres a lot on the plate of Major League Baseball. Back to you. Neil real quickly, would they Start Playing in early july . Theyve got to move fast, right . Charlie yeah. They got to have somewhat of spring training. Got to get into shape, got to kick out the cobwebs. All depends how big of a season they have. They got to do this fast. We are in june already. You want to start on july, you want to have a real season, a real season is not 50 games, you got to start around july 4th. That time is running out here. I think this week, the rubber meets the road one way or the other. We will either have a super shortened season, 50 games, or we will have a real season. But the only way that happens is if both sides compromise a little. The owners will have to pay a little more, maybe not full pro rated salaries, maybe 90 of pro rated salaries, you know, players have to give some, too. Thats where we are right now. Again, you know, this is a Public Relations war. This is a huge business. Lets face it, the owners are willing to pay billions, they say they are losing billions. Its a business story here. But its also a Public Relations story. Both sides look really bad right now. I think thats whats forcing the issue of a compromise. Well see. They are also very entrenched on both sides. The players think the owners have been making billions off of them for years, why should they give up anything right now. The owners saying hey, theres only so much money to go around, we have fanless stadiums. Thats how we will do this. We get a lot of our revenue from fans. Guess what . There could be a second wave. Theres likely to be a second wave, according to most scientists. Thats where we have it. Very difficult situation. But we should be getting some daylight, i think, today or at least i think as late as tomorrow. No later than tomorrow, on how this is going to shake out. Neil yeah. To your point, everyone else is starting up, amusement parks, disney, they will be starting up next month. So people are moving on. Baseballs got to do something soon. Amazing. Charlie, thank you very very much. Charlie gasparino on that. We are also following right now not only whats going on with the nasdaq but have you seen whats happening with the leisure stocks, some of the big, you know, cruise Ship Operators . They are acting like people are going to go back to the business in huge, huge throes. Are they right . After this. Now more than ever, you need technology you can rely on. And people you can rely on. Im a Dell Technologies advisor. Me too. Me too. Me too. And if youre a small business, were with you. We are with you. Were with you. We want to help. So well be right here. At home. Answering your calls. Providing support. And standing by you every step of the way. Bye bye. announcer reliability is everything. So, if your networks down, youre down. Verizon knows your customers need to reach you seamlessly. Your team needs to work from different places across many devices. Plus, you want the security trusted by some of the Largest Companies in the world. And thats why you trust us. The most Reliable Network in america. Thats why ive got the power of 1,2,3 medicines with trelegy. The only fdaapproved, oncedaily 3 in 1 copd treatment. With trelegy and the power of 1, 2, 3, im breathing better. Trelegy works 3 ways to open airways, keep them open, and reduce inflammation for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. Do not take trelegy more than prescribed. Trelegy may increase your risk of thrush, pneumonia, and osteoporosis. Call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. Think your copd medicine is doing enough . Maybe you should think again. Ask your doctor about oncedaily trelegy. We know times are hard and were here for you. Find support at trelegy. Com. Neil all right. Time for a little quiz here on coast to coast. What do gone with the wind and cops and live pd and body cam have in common . They are all being scratched from their respective networks in this postgeorge floyd era. The abundance of caution, so as not to offend anyone. Jackie deangelis is taking a look. Jackie George Floyds death certainly raised awareness about racism and Many Companies want their customers and the public to know they are listening, adapting and changing and trying to do better. Hbo max, for example, whose parent is at t, has announced it will remove gone with the wind the wind saying its a product of its time and depicts some of the ethnic and racial prejudice thaprejudices that have been present in society. Those racist depictions were wrong then and are wrong today. The move comes after john ridley, an oscarwinning screenplay writer, said the film perpetuated painful stereotypes and ignored the horrors of slavery. Hbo max added the movie will eventually return but with disclaimers and some context so people can understand the full picture. Then long time tv classic cops also getting canceled due to recent tensions. The show is actually set to start its 33rd season on paramount network on monday but the network has decided to pull the program from its lineup. This is coming just a week after we learned that affiliated Marketing Partners were asked to suspend advertising of lego sets and hollywood isnt the only entity dealing with this right now but also last weekend, New York Times and Philadelphia Inquirer saw editorial headlines that were insensitive to some of the employees and those editors resigned. Companies are saying we hear you and we are listening. Neil all right. Jackie, thank you very much. Jackie deangelis. Meantime, we have been telling you so much about Technology Stocks and whats been happening with the nasdaq that we didnt want you to think there were other activities going on here or searches going on here, including an uptick in cruise bookings, from carnival to all these other guys who even though some of them are not even sailing right now, just the fact they will eventually has investor interest soaring as well. The teletravel president and cofounder joins us now. James, whats going on here . We are seeing it, neil. We are seeing the whiplash, thats what it was called when the temperature of consumers was taken, their intentions, we are seeing the whiplash return of the travel market and consumer confidence. I think neil the cruise surprises me. A lot of them were related to cruises, people stuck on boats, so those are sort of images that stick in peoples minds but they have obviously gotten past that. Well, you know, cruises actually, i always thought travel would lead us out of this economy, and cruise is leading the travel industry. Its a bit ironic given the pummelling the cruise industry has taken over the last couple of months but starting in midapril, and until midmay, i saw a 300 increase from the depths of this back to some serious numbers and i have to tell you, in the last few weeks, we have doubled that over again. Neil thats wild. James, where are people looking to go . Obviously maybe very Long Distance cruise, cruises in asia, i would imagine not popular but i could be wrong. Whats hot right now . No, youre exactly right. First of all, we are booking in the Fourth Quarter and the First Quarter of next year. Its really important people say when should i cruise and the only answer is when it is safe to cruise. But we are getting very close to that. So its Fourth Quarter, First Quarter next year. Its closer to home. The caribbean is the big winner. Its familiar, its safe, its fun, certainly, and you can drive to a port in the United States and take a caribbean cruise for millions of cruisers. Air is still an impediment, those long haul flights, people are just not comfortable yet. The airlines have a little more work to do to convince us that we want to get on a long haul flight. We have seen some surprises. Domestic river cruise which is a product thats been around for a long time. The mississippi river, the great lakes, the Columbia River in the pacific northwest, charming product. Beautiful, great service, great food. But it is hot now because its easy to get to without a big flight and again, its closer to home. The sad story is alaska. A critical billion dollar market canceled, the entire season by the canadian government. Theres even a loophole there, though, because for small ships below a certain level of capacity, they are still allowed to cruise. So there is actually some opportunity there. But an Economic Impact on the state of alaska is going to be dire. Neil why was it you couldnt leave or disembark in vancouver, but there are plenty of places south to go, right . Sure, but most cruises leave out of vancouver and most of the cruise lines, all the major cruise lines in the u. S. , are waiting for approval from the cdc and the coast guard to start sailing again. Neil got it. And that means we are going to miss this season. The season in alaska lasts only through september. Neil yeah. Real quickly, many states, i dont know how many now, certainly abroad, like england, have these 14day quarantines that are in effect for those visiting from outside the country. Hawaii might still have this in effect in this country. Is that a problem for travelers . Well, its a problem right now. But i think these are shortterm issues. There are some longterm policies and changes that are actually, if you will allow me, they are sort of gifts to us from this adversity of the last couple of months. They are learnings that will stay with us in the long term. But those kinds of policies, even masks, social distancing, those are necessary right now but they are short term. They will not become part of the new normal. There are new technologies and there are Creative Solutions to hygiene issues and health and safety that will stay with us for the long term, will make us better as an industry. Neil we will watch it closely, james. Thank you very much. I did not realize a lot of that was happening beneath the surface. James ferrara, travel industry extraordinaire. Also following this desheltering process thats going on. While a good number of people are looking forward to getting back to work and making some money, many have been working from home and making some money and they dont want that to change. Get this. 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Look, reverse mortgages arent for everyone but i think ive been round long enough to know whats what. Im proud to be a part of aag, i trust em, i think you can too. Trust aag for the best reverse mortgage solutions. So you can. Retire better. Neil by any chance, any of you have kids heading to college this fall . Im betting, im betting since i have one of my own contemplating the same, you dont know for sure whether they are going back this fall, at least for inperson classes. A good many are Still Holding back because of liability concerns and the rest, and thats added to a world of confusion. Gerri willis is following all of that. Gerri . Gerri hey, neil, thats right. A bill to protect colleges and universities across the country from lawsuits stemming from covid19 cases is expected from Republican Leadership on capitol hill, but i have reached out to several law makers today and we are now being told a timeline on such a bill which would also include protections for businesses, is up in the air. In a statement, senator john cornyn telling me leader mcconnell and i and others are working on a proposal that would put common sense reforms in place to protect those acting in good faith from being sued into oblivion. Now, without such protections, many schools have been reluctant to open for inclass instruction, as you said. Harvards medical divinity, education and law schools have announced plans for courses to be online this fall. Other colleges are planning shortened periods of inperson instruction. Michigan state, virginia polytechnic and Miami University of ohio, planning a fall semester that either ends or goes online by thanksgiving. Despite the planning, many colleges are calling for Liability Protection and they are taking that all the way to congress. The likes of the ncaa and association of american universities writing to lawmakers, demanding shields against getting sued. At the latest hearing on all this held virtually, of course, senator Elizabeth Warren pushed hard against the president of brown university, who is calling for such a shield. Watch. If someone dies, what message does it send to our families and our students . I do from being care protection from being careless. Thats not favor of very carefully protection i or form commits us to be careless there are a lot of people who dont much they say frivolous lawsuits tonight work in a court of law. Neil . Neil gerri, thank you issue issue about the coronavirus depends on the Federal Reserve chairman, do ymention when he addresses report nounsment on the course offing a move on rates. They are at 0 him to expand on the virus itself. Well see. When you say what youre in the mood for, the xfinity voice remote will find exactly that. Happy stuff. If the groups happy, im happy. You can even say a famous movie quote and it will know the right movie. Thatll do, donkey youre expecting prince charming . You can learn something new any time. Education. And if youre not sure what youre looking for, say. Surprise me. Just ask what can i say . To find more of what you love with the xfinity voice remote. All right. Is not a problem so we can keep interest Federal Reserve will outline in a. To the grocery store. Kristina partsinevelos. Kristina its a daunting task coming days with social distancing protocols butincreasing prices of food to that headache. We received tfor the month of my and we prices increase especially compared to last year. We are seeing foib, fish, eggs that skyrocketed due to aupgs well as plant manufacturers would be bee. Dairy products over 5 . Look at that. Gory that dropped in may was cereal and floured major disruptions in the and closed down hundreds, adding to increases in prices. Blooifs the prices will be high in. Cost of putting plex sy glass barriers up, marks on the floor. Well see the highest food prices weve seen in decades. Not 2. 6 . Well see doubledigit increases, because a lot of factories have to invest a lot of dollars to reconfigure themselves. Reporter theyre passing costs along to consumers. You see this graph back in 2019, the average transaction would be 50 bucks. 50 to 55. We saw the jump. It is hovering 65 every time you do the grocery order. Especially this location, murray hill market, they told me they see fewer items being brought, especially more expensive ones. Manufacturers are responding. Makeer of oreos will look smaller sizes cheaper, and campbells, family packs, per ounce. All this to make sure they dont lose customers. Neil oreo are making their cookies smaller they will lose this guy. Well see what happens. Reporter neil, to that point, doublestuffed, doublestuffed im a little hesitant if it is really double or not. Neil i share that as well. I recommended quintuple stuffed, but they ignored me. That is their call. That is the rock you perish on, oreo man. Christina, thank you very much. Whether this should be a concern to the Federal Reserve, i dont know, dan gelcher joins me now, bestselling author. We were talking about other stuff, but it is interesting on the food front. It could be anomaly or pandemic related and will be shortlived or the Federal Reserve could make a mistake if it keeps rates at or near zero for a long time, what do you think . It will be a tough call, neil. I dont think the fed is heading in that direction at this point in time. Everyone is basically saying that well stay at zero interest, and that inflation is just not going to be a issue. Obviously based on what we just heard, this may be something that is a little unexpected, neil, well have to see how the fed and Jerome Powell will process this. Maybe were going to get some hints later on today as to which direction this is going to go in . Neil how do you think this whole reopening thing is going . You and i are new jerseyites, weve seen what is going on in new jersey. It has been a bit bumpy. Even with spikes in cases you dont want to see, they seem were told to be manageable but its a clumsy rollout. How are you kind of weighing all this . Im looking at how my clients are seeing it, neil. And i think everybody feels that there is going to be a lot of pentup demand out there. I mean, governor murphy of new jersey yesterday, just lifted the stay at home orders. So that is letting people at least get out with proper hygiene measures. Neil right. Still i think people are really trying to get back to normal and for a period of time, neil, i was thinking that the recovery is really going to be, you know, a series of ws, barring if we have a real spike in the virus i actually believe we could look much more of a v recovery because i think people really want to get back to normal, start spending, and have this be the way it always was. Neil there you go. Get those restaurants going, my friend. Dan, thank you very, very much. He has great restaurants by him by the way. Well have more after this. Neil all right. We continue to watch the nasdaq over 10,000. Were waiting on Federal Reserve chairman. Were eager to hear what Jerome Powell is doing ratewise next year or two or three. Lets take it to charles payne. Hey, charles. Charles neil, thank you very much. In fact thank you all. This is charles payne. Were starting a little early right now because were Just Moments Away as neil just mentioned from the Federal Reserve, jay powell and company. How creative can they be to keep that pump primed . Will they cap yields . Will we go to negative rates . Will they once again invent new tools . At 2 30 we hear from Federal Reserve chairman Jerome Powell himself, expected to reiterate the u. S. Economy is still in need of help despite the huge jobs gain on friday. Indices are mixed ahead of the fed decision. Nasdaq continues above 10,000. It continues to be a powerhouse. Will Small Businesses get help from federal government. Well bring you important hearing from capitol hill featuring treasury secretary steve mnuchin. For right now, folks. Letslets go to washington, d. Edward lawrence waiting by with feds big decision, edward. Reporter everyone is waiting to see what the Federal Reserve will do. Well hear from Federal Reserve chairman Jerome Powell on the decision at 2 00 which is right now on the button. Now has been released. The Federal Reserve will keep rates the same. They will keep rates the same through 2022. Is their projections. If you want to get into the weeds a little bit, in 2022, one of the Federal Reserve president s or voting members sees rates going up to just about 1 . Another one sees it half a percent. That is only one out of 12 for that. The Federal Reserve will continue to purchase 80 billion of u. S. Treasurys per month and 40 billion of mortgagebacked securities per month. The real change in gdp for their projections, they see it down this year, 6 1 2 . Projections for unemployment, under 1