Transcripts For FBC Cavuto Coast To Coast 20240712

President trump also made news in this impromptu get together which we werent exactly expecting on a monday morning, saying the coronavirus briefings are making a comeback starting tomorrow from the Briefing Room at 5 00 p. M. Start our coverage with chad pergram who covers capitol hill. Chad, that meet meeting in the oval office set the table for next few weeks negotiations. What are we looking for . Reporter a lot of negotiations will be with republicans, make no mistake on that. Republicans are all over the map on this by there is major disagreements how to do another bill. Treasury secretary Steve Mnuchin said they will be about kids and jobs. Senate Majority Leader Mitch Mcconnell said he will take control to write the bill in his office. There is lot of questions whether he can finish a bill at all. Mitch mcconnell is confident they can. Listen. Begin the process of socializing what weve been discussing with the administration over last two weeks with our members. Were looking for Liability Protection for those who are trying to deal with the pandemic. We dont need an epidemic of lawsuits on the heels of the pandemic were already struggling with. Reporter there are major disagreements extending an extra 600, Unemployment Benefits set to expire at the end of the month. There is a concern about the cost. Mcconnell wants to limit it to one trillion dollars. Lawmakers are seeking republicans for schools. Republicans were alarmed Trump Administration wants to cush funding over contact tracings and testing. When we heard the white house was saying no more testing. That goes beyond ignorance. That is beyond the pale. Hopefully it was a because this is very wrong. Dont listen to me. Listen to the scientists. Reporter now the president reiterated his interest in a payroll tax cut. That is something unpopular among Senate Republicans. It will take 60 votes twice to move a bill through the senate. That is why they need help from democrats. They will discuss this at the republican lunch. Steve mnuchin, the treasury secretary, mark meadows, the chief of staff will come talk about this. Connell, do not estimate the divide on this bill on the republican side of the aisle. Back to you. In more something to watch as detail on this, lets go back to the oval office. Treasury secretary Steve Mnuchin moments ago outlining in, you know, fairly simple terms the administration priorities. Here he is. The focus is kids and jobs. The recovery act cares 4. 0. We have spent unprecedented amount of money. Good news a lot of 3 trillion we still have left to put into the economy to put back to work. Were focused starting with another trillion dollars. We think that will make a big impact. The focus is, as i said is really about kids and jobs and vaccines. Connell kids and jobs and throws in vaccines at the end. Bill mcgurn from the wall street Journal Editorial Board joins us right now. The problem, bill, as chad pergram rightly said some of the negotiation will have to begin in the party to get republicans to buy in, especially a payroll tax cut. Do you think they will get it done . I think they might be able to get something done. I wonder if republicans are afraid heading into the elections without having done something. That said, i wish a lot more focus would be on growth. There is not much in here on growth. The payroll tax cut is probably the best of the bad, at least people are keeping their own money t would make workers cheaper to hire. Because it is temporary, you know, it tends not to have a lasting effect. I think the Liability Protections that Mitch Mcconnell is talking about are very important. I wish they would repeal the federal supplement to joblessness that allows people, that now gives them incentive to stay home because they make more money. You will not have a recovery with this all these things, i believe, that would be good to keep in mind, the first principle, if we want to get back to normal, we need to get the economy back and running. It is not going to be done by decisions by washington and so forth. It is going to be done by ordinary americans, working, starting businesses, and going through business as usual and hiring people. Connell i think he makes the point that everybody is looking for on the enhancement of Unemployment Benefits, people getting that extra 600 a week in their checks. That is set to expire at the end of the month. That seems to be the real battleground. Democrats will push hard to have that extended. On republican side, do you push to get rid of it completely or is there some sort of a middle ground with a partial extension or people at certain income level where you can work something out . A lot of people relied on that for better or worse, right . Right, right. Again, people need some help. The jobless benefits are mostly usually from the state and the state doesnt pay your full salary, partly to give you incentive to get back to work. Look in politics they can make all sorts of deals. Depend what is you get for it but i think it is a really bad incentive. Some estimates are it may cost 10 million jobs over a year to have this incentive. That is not what we need hanging on our economy. We do not need an incentive where taxpayer money gives people an incentive to stay home rather than work because they make more money staying home. Connell all right. You worked in the white house. The last point, the president bringing back these coronavirus briefings which, you know, were, when, before they were discontinued were widely criticized. They went on and on for a long period of time. Now theyre coming back. Is that a smart move an, would you have recommended it do you think if you were working there . I think so. Youre the president of the united states. You have to, you have to lead on this issue. They have these briefings every day. I have mean i think sometimes the tone took off in the wrong direction with the president very combative and so forth. But i think the president is still the president. People are looking to him for a message. Other people in his party for a message. So i will be very curious to see how theyre done. I dont think they will be done exactly the same way. Well see. The proof will be how, not that they have them but how they do them. Connell related. How theyre executed, tomorrow, 5 00 p. M. , well be watching. The president said that wasnt the issue. A lot of people were watching. Good to talk to you as always, bill mcgurn from the wall street journal. Lets get to miami to have update on the virus as we bring in phil keating. Phil, there was talk about the serious situation in the sunbelt from the Vice President. Brings up to speed on the very latest where you are. Reporter absolutely, connell. Another 10,300 new coronavirus cases now added today, to floridas tally. That is the fifth straight day above 10,000. Also, the states death toll, because of the virus, now also more than 5000. Down the street is one of the mobile testing labs that are brand new where people can walk right up, to get their test. Very convenient for people since you can basically get in and out in 10 or 15 minutes versus often four hour long waits at the permanent testing sites. Everybody, prepare for their test. Reporter spread of the virus is so concerning in touristy miami beach city leaders imposed a 8 00 curfew each night in the entertainment zones like ocean drive and lincoln road. Despite being the epicenter of the state tourists keep on coming around the country. The reason Miamidade County is put a freeze on airbnbs because of house parties like this one in south orlando. The Osceola County Sheriffs Department released video of a very problematic house parties not following cdc guidelines. The state is it offering designated testing lanes for people who are symptomatic. So they get test results faster. Ideally stop spreading the virus. Over the weekend, ron desantis, said 30,000 doses of remdesivir is coming from the federal government. Most people are getting tested are asymptomatic. Case numbers kept growing in florida, south carolina, texas, california, where some are now fearing a another total stay at home shutdown. That is being demanded or requested by floridas congressional delegation of the governor, to have that done here in florida but, the governor so far declining to do that. The bahamas, popular day trip for people that live in south florida, well, if you want to fly there on a commercial Aircraft Carrier you can no longer do. That the bahamas is banning flights from entering its island nation economy because of the surging u. S. Numbers. Connell . Connell wow. Phil, thanks. Phil keating live in miami for us, in the middle of all of this. The mixed picture on wall street. The dow down by 63 points on a monday afternoon. We have a lot to talk about as we bring Jonathan Hoenig and Jackie Deangelis into the conversation. We get to some encouraging news weve had on vaccines at the moment. The headline of the hour if there is only one to pick, jonathan, the idea of the president bringing back the coronavirus briefings that had gone away. They will come back tomorrow night. Your thoughts . They moved the market in the past. Often times, president would mention a companys name in those briefings, we would see the companys stock shoot up immediately in the afterhours or the next morning. It goes to show how influential now the virus and god willing the virus solution is on the market. Connell, during the iraq war, during the war on terrorism, we used to talk about the Terror Threat level moving the market. It is all about the virus now. It was as hot as bitcoin at its apex. If you look at the Price Performance on socalled vaccine oriented stocks. Mo derna has gone from 20 to 85. Biontech has gone from 30 to 90. This is where the action is. The market responds in real time. That is ultimately a very good thing for the market, and the country, writ large. Connell right. All of the concern in the phil keating report, jackie, that is promising news, oxford university, vaccine out look. What do you think of the takeaway there . Absolutely. Outlook on particular vaccine as we look at a few countries are looking at one, it has a tcell response and an antibody response. We still dont know a lot about the coronavirus so that scene will be part of this picture. But is it like the flu . Does it mutate . Can you get it again . There are reports that people who had it, had the antibody became reinfected. Connell, ive gotten the flu shot i get another strain of the flu. The market gets very excited about some of these developments. Theyre still in the early phases. We may not have vaccine until the end of year or next year. You got to get everybody to do the doses. You have to have some buyin for people. Maybe folks that dont want to get the vaccine. I dont think that is the beallendall answer to this, even though the numbers are very disturbing t really comes down to personal responsibility. The management from the governors and all the states with respect how theyre reopening and getting people back to business. It is certainly encouraging. Every time i see the market shoot up 500 points on one of these trial studies that comes out it makes me very nervous. It is nice to be excited about that but it is nice to be a piece of the pie but it is not everything. Connell we have to manage the time until now until then. We have to say then is end of the year or early next year . We have to get there obviously therapeutics become more important. I think that is the right point to make personal responsibility becomes more important. We see the videos like phil showed us. People running around with no masks t will be tough to get from point a to point b. But you give us the last thought before we move on, jonathan. Absolutely. Personal responsibility is always front and center. When it comes to investing, to profit off some of these names, personal responsibility as it comes to the investments as well, connell. The best bet in my mind if youre interested in this area, to buy a basket of the names. Biotech index, ibb, is doing gangbusters this year. Its a hot area of the market. As jackie pointed out, the stocks are extraordinarily volatile on the way up and the way down, jonathan, as a quick follow on that. Does earnings matter . Last season, forget it, it is hard to judge, nobody is giving outlooks. Are we back in a position where numbers themselves matter or not quite yet . Earnings always matter, connell. Were in a interesting lala land of the market. That is fueled by so much, some say funny money. Money from the federal reserve. That is prompting a lot of cash simply streaming into, not even often the most profitable names but the most liquid. People know they will be able to get in and out of apple, microsoft, facebook. That is where the action is. That is why so much of the market is focused on the top five or 10 stocks. That now encompass 25 of the major indices or more. A lot of money flowing into stocks and risk assets. Some to the biotech concerns we talked about. It is essentially a riskon market since the fed turned on the spigots. Connell yes, it has. Things can be a lot worse on the stock market side for sure. Were 26,600 on the dow. Thank you, guys, jonathan, jackie. Good to see both of you. As we move on, here in new york we have encouraging news when you look at the hospitalizations figures Governor Cuomo talked about hitting another new low. That is for the state. The city meantime is moving on to another phase in the reopening process, phase four, which may not be everything you were expecting. Well come back to talk about it in just a moment. Liberty mutual customizes your car insurance, so you only pay for what you need. I wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. But what if you could stdo better than that . K. Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Which we cant control, and lets now look at our goals. In other words, we only want to take as much risk as is necessary to achieve our goals. In other words, we only want to take as much risk 49i found you good job. Now im gonna stay here and you go hide. Watch your favorites from anywhere in the house with the Xfinity Stream app. Free with your xfinity service. Now any room can be a tv room. Stream live tv, on demand shows and movies even your dvr recordings. Download the Xfinity Stream app today to stream the entertainment you love. Xfinity. The future of awesome. The Police Department has to enforce the law and they are not doing it and that is their job and they have to do it. When youre going to have to explain to the people why we had to close all bars and restaurants, thats going to be more politically difficult than telling the nypd to do their job connell wow, that is quite a comment coming in from the governor of new york state andrew cuomo, essentially, sounds like he is blaming the new york city Police Department for some of the social distancing issues that have cropped up in new york. Lets get to joe borelli, minority whip of the new york city council. He is chairman of the president s 2020 campaign in new york. Your thoughts on that, joe. Well talk a little bit about phase four. It is such a funny contradiction to be andrew cuomo today as it is every day. This is some one said dont make me come down theyre and restaurants and barses people outside enjoying the night air, when it is thousands upon thousands of people protesting or camped out basically protester encampments in City Hall Park he is nowhere to be found. He has no blame. By the way he is in savannah, today, wont be quarantining despite the fact he has put quarantines on anyone else returning from georgia and 21 states in the united states. Connell well, you know, it is interesting, because talking about rolling back reopenings, the numbers are still very good here in new york, right . I mean the hospitalizations hit a new low. Before talking about people being out at bars, people must be doing something right or we, i guess we should say, we must be doing something right. Were getting there, right . I was at a restaurant last night with my family. We used masks until we sat at the table. The wait staff was all in masks. People are doing the right thing. The city is heading in the right direction. Unfortunately the phase four Just Announced is an irrelevant milestone for new york city. We have the ability now to open up schools and Higher Education facilities but both the Public School system and citys University System have already announced their plans for the fall. So with this actually doesnt help most businesss who have been counting on the opening of phase four to actually get themselves back underway. I know of a mall on Staten Island spent thousands of dollars to upgrade the hvac system thinking they would be included in face four. Now suddenly because the governor decreed it, they wont be able to open. Connell also the gyms and indoor dining, we were flashing up what is actually reopening in face four, and so you can go, heres the list of areas that are not reopening. Movie theaters, gyms, malls, aquarium, some cultural institutions. You cant go into a museum and cant dine indoors. That seems to be, everybody is making this up as they go, figuring out what to do, i get that. That seems to be the focus, right or wrong, stay outside as much as possible. I guess the takeaway from florida and other states, you went inside the air conditioning to start spreading around again. I get it. When you look at a mall where the macys could be open because they have some sort of a exit out to the street but the internal mall cant be open in the same property it begins to make, very little sense. Again we have zoos and Botanical Gardens opening up here in new york city which there are only nine of them t doesnt really benefit most of the people. Theyre actually publicly funded. Not like theyre losing money per se. What Business Owners we hear from time and time again need is just reliable advice about how and when they can open up. Those goal posts seem to change every single time Governor Cuomo or mayor de blasio opens his mouth. Restaurants open on the street. They were given the wrong guidelines. They have to change things up. It seems like endless cycle, while overall the actual number of coronavirus cases deaths and hospitalizations continue to go down. Time to loosen the reins a little bit and let the city open up finally once and for all. Connell before we let you go, increase in violence in new york city is something we talked a lot about unfortunately over the last few weeks. So the mayor has this plan, i guess the Police Commissioner as well. Mayor de blasio has the plan, called the End Gun Violence plan. Says he will increase foot patrols for the Police Officers, more technology, cameras and the like. Your thoughts where we are in this city and to get it under control . Im glad the mayor is finally coming to the realization there is a crisis of violence in this city. If shootings went up 25 we would be concerned. Theyre going to triple. Theyre on pace for tripling in one year, yearoveryear. There is feelgood stuff in the particular plan but at the end of the day it relies on proactive policing in neighborhoods where there is prone to violence. Unfortunately that flies in the face of the Defund Police movement which we heard from two months, without challenge, without question. Here we are, a month later, needing proactive policing in these neighborhoods. That is the only thing that is going to solve this problem. Im sorry if democratic politicians have to understand their ideas are not going to help save the city, this is where we are. The violence is tangible and very real and very dangerous. Connell joe bore rolly, as always thank you for coming on. The minority whip in the new york city council. We continue on cavuto coast to coast. A lot to get to, including what the president s second term agenda will look like. Whether he has done a good job outlining what that will be. Douglas holtzeakin will join us with that and more. With the dow down 56. Well be right back. Connell hershs a fox business alert, from barcelona, spain, where the police have decided to close down large areas of the citys beaches. According to the reports from there, residents ha been ignoring a recommendation to stay at home. Remember, this area in spain had gone through a largescale lockdown for the better part of three month but as they started to open up things again, the coronavirus cases have started to surge there. Theyre noticing that. Theyre starting to be done in some parts of this country, roll things back in barcelona. Come back home to the u. S. Talk about state budgets. There are tough decisions some of these states will have to make with their budget. It is something Edward Lawrence is reporting on today. He joins us from washington. Edward . Reporter connell, were starting to hear grumbling from governors, state governors saying they would like to see federal bailout money. Most states have within the law a balanced budget f you have a hit to the revenue, a significant drop of revenue you have to raise taxes or make some cuts. Those cuts usually in layoffs. The june jobs report, for example, states lost 25,000 jobs. That could be an indication of whats coming. Look at texas and new york. Texas considered one of the most financially healthy states in the nation. Tax revenue fell 630 million in june alone. New york state, 1. 5 billion from june 1 to june 20. Talking about increasing taxes on the rich nationwide, that people raise taxes and dont move to connecticut. Republican members of the house agree there should be round of help for americans. They do not want to bail out states that already made bad decisions with their finances. Adding the next cares package should be more focused. I would anticipate a robust Coronavirus Relief package this is on top of the largest economic rescue of course, working with the Trump Administration, i anticipate that there will be additional stimulus fund, really targeted toward the families that need it the most. I also think we need to focus on getting people back to work. Reporter House Speaker nancy pelosi wants to put one trillion dollars in a bailout for states alone in the next aid package. Let states use the aid money for whatever they need it for. Treasury secretary Steve Mnuchin will be negotiating that. He says the total package should be one trillion dollars. He mentioned money for states, but for a specific reason. Listen. Were going to have big incentives, money to the states for education, for schools that can open safely and do education reporter money for states for education. Some states talking about possibly tax increases in the future. Back to you. Connell some interesting battle lines being drawn there, edward, thank you. Bring in doug holtzeakin to talk more about finances. A former cbo director. Maybe a quick word on what edward is talking about. Then well get into President Trumps plans for a potential second term in his agenda. This state aid fight wit be interesting to watch the way it kind of plays out because you will have the democraticrun states really pushing hard, we need the money, you want us to open up schools, wonder if the republicans will give in or dig in on that, what do you think . I think theyre pretty dug in, but in the end there will be more money for states whatever comes out of congress. There are legitimate reasons. They bore the brunt of the response on Public Health front. Send money on Emergency Responders and the like. There is a revenue hit. Congress set up something called the Municipal Liquidity facility at the fed to allow states and localities to borrow against the loss revenue and pay off the next four years. That is way to get a bridge through. Given there is real need on one hand and another source of money on the other, hard to figure out what the right number is. That is it what the fight will be. Were definitely going to see. That i will add, connell what is looked over the debate of layoffs at the state level and localitities is the 600dollar bonus to federal ui. That applies to state and local governments as well. In some states, government workers would make more on ui. The budget gets relief. We could see a lot of that across the country. Connell there was clearly talk in the oval office changing incentive so people are not incentivized it not work. That will be a huge battle over the next couple weeks. As we talked to bill mcgurn about it. I said coming in we want to talk about the potential second term agenda on the economic side. For the president , one of criticisms of President Trump over the last few weeks he has not effectively articulate what he would do if he won a second term and for all the focus on his overall poll numbers going down or the struggles he is having in the polls maybe the focus should be on the fact he is actually starting to struggle on the economic side which he never had. That was always issue he was way above water on. He was beating joe biden headtohead. Latest fox poll, it was basically deadeven, biden is up a point who would handle the economy. President set out second term agenda that would be effective. If not, where do you think the focus should be . I think it is clear that the Trump Campaign wants this to be a choice between the president and former Vice President biden on the economy. That is how they want to frame the debate for the remainder of the year. The president has really not put out a lot. He began to with the event on deregulation at the white house, pointing out the successes he had over his first term in deregulation. It was a core part of the agenda, promising to do more of the same in the future. That is a start. There is not fully articulated Economic Vision other than him pointing back, we did it once, we can do it again. I will point out at this point in the previous election, the bulk of the policy was being put out by House Republicans through then speaker paul ryans a better way, a sixpoint plan that covered tax reform and health care reform, national security, antipoverty efforts, Overall Economic growth and that is where the starting point for reef peel and replace was when the president was finally elected. That is the starting point of tax reform when the president was finally elected. That is not coming out of the hill. The campaign will have to fill the gap. Otherwise they will not have enough to present people with real choice. Connell they have some time to do it. They wont have a lot of time to do it. As we watch stories closely, douglas holtzeakin former director of the cbo. Thank you. Connell as we continue the Pacific Northwest is where were laser focused with the protests breaking out in seattle, certainly portland. At least a dozen cops injured over the weekend in seattle. Well take you there next. Well be right back. 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. Connell i think one of the issues weve seen with the shutdown in many of the businesses that have shut down some of them are not coming back. Were starting to see more in the hotel business, where a hotel closes down because businesses struggled so much. You get the announcement they are permanently closing down because of covid19. Kristina partsinevelos picks up that story reporting today from new york. Kristina . Reporter connell, youre right, you have Hotels Across the country are shuttering their doors for good. Im standing in front of not one but two locations permanently closing in the financial district, downtown manhattan. This is causing many Industry Experts who wonder what will happen to the Hotel Industry because of pandemic. The w filed a notice with the state. They will let go 130 workers as they close the doors permanently in october. That leads to job losses. It is also crippling for communities due to the loss in tax revenue. A lot of these hotels are major tax drivers for metropolitan cities. Listen in. There are three basic categories of hotel, international traveler, Business Traveler and domestic consumer traveler. The big cities cater mostly to the international and Business Traveler and they cant make it up by the domestic consumer. The big cities will take a tax hit, significant tax hit by the closure of hotels. Reporter Real Estate Firm cbre says that the Coronavirus Impact will be larger than the financial crisis and 9 11 combined. If you take a look at this graph that we have here, it shows the occupancy rate for 2020, versus 2019 in the past few months for new york city. You have can see the dramatic drop which is why the even the ceo of American Hotel lodge and association predicts that roughly 8,000 Hotels Across the country could close in the coming months, if they dont get more help from the government. We already know several hotels announced lay offs unfortunately. In june you had the hilton say they were cutting 22 of their corporate workforce. Possibly laying off more of those furloughed. You have the marriott too, said theyre extending their reduced work hours for workers as well as those that are furloughed at the moment to at least october. So that means a lot of people across the country will continue to be out of work. We know, with the ongoing cases, connell, you ever the travel as well as Hotel Performance just getting impacted dramatically. That possibly means that the cbre, actually i should say, is predicting the industry will not make a comeback until at least 2023 you can see standing around here, it is completely empty. It will Impact Communities across the country. Back to you. Connell that is the thing, there is no good answer with travel being down as much as it is. Thank you, kristina partsinevelos. Next topic up, universal basic income something we heard a lot about covering primary side of the campaign, covering andrew yang and what have you, it has regained popularity talked about during the pandemic, people say no Strings Attached payment for the government, is it now necessary . Gerri willis done reporting. Pros and cons on all of this. Gerri willis with ubi. Reporter connell, this is getting its mojo no doubt about it. What do the pope, andrew yang, twitter Ceo Jack Dorsey all have in common . They love universal basic income. What is that . A monthly check from the federal treasury to americans across the country. No Strings Attached. Among the fans of the program, democratic president ial aspirant andrew yang who proposed giving all americans 1000 bucks a month. He continues to support that idea. Both Elizabeth Warren and Pete Buttigieg said theyre open to the idea. And it is not just democrats. Coronavirus spurring interest in the idea on limited basis for people like senator mitt romney, who suggested sending everybody 1000 a month. Ubi is getting attraction in places like Silicon Valley where executives expect robots to take over jobs handled by humans. Jack dorsey funding a one time experiment in the countrys foreclosure capital, stockton, california. A basic version of the universal Income Program which awards 500 bucks a month to low income families. The mayor who championed program recently extended as generations extension to the safety net and moral imperative during the covid19. Not all is behind it. Doug holtzeakin, American Action forum, the cost to the nation, would be a staggering 3 trillion a year, on par with spending in the cares act. Listen. Work is more than a source of income. It is a source of dignity and accomplishment. Second problem is that its super expensive to send everybody a check. You have to raise taxes enormously. Reporter connell, expensive program. Were wondering about the benefits but highly controversial. Back to you. Connell yes indeed, good recording, thank you, gerri willis on universal basic income. In a moment well get you the report on the seattle protest. We go to kentucky, there is interesting story, a couple in kentucky has been put under house arrest. The reason why they didnt sign a quarantine order. The judge on whether or not thats legal when we come back on cavuto coast to coast ust were helping members catch up by spreading any missed usaa insurance payments over the next twelve months so they can keep more cash in your pockets for when it matters most find out more at usaa. Com for when it matters most all otc pain relievers including volthave one thing in common none are proven stronger or more effective against pain than salonpas patch large theres surprising power in this patch salonpas dependable, powerful relief. Hisamitsu. Simon pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Connell lets get you out now to seattle. I know protests continued there. There were Police Officers i believe injured over the weekend. Dan springer is on the ground in seattle with the very latest for us. Dan. Reporter yeah, connell. At least a dozen Police Officers were hurt here in seattle. Things had been relatively calm here, not so much in portland but here it has been relatively calm since police retook the chop zone and reclaimed the east precinct. Last night, violent protesters broke in, broke windows behind me. They started a small fire inside. It was one much many places that were targeted yesterday by violent demonstrations. They tried to break into the west precinct. When they were turned back, someone in the crowd started throwing mortar type fireworks at officers. Several cops were history and injured. At least one is hospitalized. The violence spread to many private businesses. Amazon go store was damaged and looted. A starbucks store was also vandalized. Three hours south in portland there was a violent protest for the 53rd straight night. Unlike recent nights. Police and federal officers did not engage anarchists. They were free to do what they wanted. We saw fencing from a park closed stacked up in front of the doorways to federal courthouse. A night earlier, Portland Police union office was broke into. The small fire was set there. The president blasted city official. The elected officials con endodd the chaos and destruction much our city. They placed their political agendas ahead of all of us and the welfare of our community. This must stop. Reporter portlands mayor, both u. S. Senators, many others are blaming the Trump Administration for sending federal troops there. This violence started long before they arrived. Trumps chief of staff said yesterday they will not back down. You will see something rolled out this week as we start to go in to make sure the communities, whether it is chicago or portland or, milwaukee, or, someplace across the heartland of the country, we need to make sure there that our communities are safe. Reporter one of the reasons were hearing the federal government talk about increased enforcement in places like seattle and portland is because local officials are not, you know, being real tough on these guys when theyre caught. Just to make the point, all that violence yesterday in the Pacific Northwest, police made just two arrests. Connell . Connell all right. Dan springer live in seattle for us. As we hear more about the coronavirus actions taken by local governments around the country, a number of legal questions have been brought up which means we bring in our friend the judge, judge andrew napolitano. Fox news senior judicial analyst joins us. Two topics, judge on a monday. A county in texas, ordered, if anybody tests positive for covid19 they must stay inside or they will be prosecuted. Legal . Probably not, connell. First of all, good afternoon. It is always a pleasure to be with you, my dear friend. This is yet another of many, many, many examples of officials who are in the executive branch of the government, in this case a county administrator, enacting a law on his own and assessing penalties for the law and in america state, federal and local, only elected, legislative bodies can enact laws and assess penalties. It is absolutely prohibited as we know by Many Supreme Court opinions for the executive branch, both to enact a law and to enforce it. So listen, i understand what theyre trying to do. Theyre trying to maintain health and safety, which is one much their obligations but the need to go about it the right way. They cant just say, you, we think youre sick. You tested positive. You may not be sick. Therefore if you doesnt wear a mask, go outside of your house, lock you up. Lock them up where . That would make them sick and make other people potentially around them sick as well. Connell all right. The other interesting one, or at least we thought it was interesting, the story that came up in kentucky. There was a couple in kentucky who were placed on house arrest or fitted with ankle monitors and all the rest, and the reason was they apparently refused to sign a document that said, hey, were going to quarantine. They wouldnt sign it. What about this story . Well that is very similar to the one we just talked about in texas, connell. First of all you have a right to remain silent. The government cant make you sign anything, anything except your irs urns. This is another example. In case the governor of kentucky con connected with this rule and these people were punished without a trial. They were locked into their home. They have electronic bracelets on their aping kest. They cant go more than 200 feet from the home. They were given no notice. There wasnt a trial this. Is the governors best efforts to keep people healthy and violating federal and state constitution of kentucky at same time. I dont know where this ends. Candidly, most judges have been looking the other way when complaints are filed because theyre afraid of covid as well. Connell it is interesting. This is unprecedented a lot of it. People are making it up as they go along. The problem that is not necessarily legal. Always good to see you. We have to go. Second hour of cavuto coast to coast. Take up the briefing we saw with the president at the white house. What might come next in terms of stimulus. Well be right back. For any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. To listen, is to hear more than whats being said. And offer the answers that make someone feel truly heard. I understand, lets get started call a Dell Technologies advisor today. I understand, lets get started find your getupandgo. Find pants that arent sweats. Find your friends. Find your sense of wander. Find the world is new, again. At chevy wed like to take you there. Now during the chevy open road sales event, get up to 15 of msrp cash back on select 2020 models. Thats over fiftyseven hundred dollars cash back on this equinox. Its time to find new roads, again. About medicare and 65, ysupplemental insurance. Medicare is great, but it doesnt cover everything only about 80 of your part b medicare costs, which means you may have to pay for the rest. Thats where Medicare Supplement insurance comes in to help pay for some of what medicare doesnt. Learn how an aarp Medicare Supplement insurance plan, insured by United Healthcare Insurance Company might be the right choice for you. A free decision guide is a great place to start. Call today to request yours. So what makes an aarp Medicare Supplement plan unique . Well, these are the only Medicare Supplement plans endorsed by aarp and thats because they meet aarps high standards of quality and service. Youre also getting the great features that any Medicare Supplement plan provides. For example, with any Medicare Supplement plan you may choose any doctor or hospital that accepts medicare patients. You can even visit a specialist. With this type of plan, there are no networks or referrals needed. Also, a Medicare Supplement plan goes with you when you travel anywhere in the u. S. A free decision guide will provide a breakdown of aarp Medicare Supplement plans, and help you determine the plan that works best for your needs and budget. Call today to request yours. Lets recap. There are 3 key things you should keep in mind. One if youre turning 65, you may be eligible for medicare but it only covers about 80 of your Medicare Part b costs. A Medicare Supplement plan may help pay for some of the rest. Two this type of plan allows you to keep your doctor as long as he or she accepts medicare patients. And three these are the only Medicare Supplement plans endorsed by aarp. Learn more about why you should choose an aarp Medicare Supplement plan. Call today for a free guide. Connell welcome back. Another busy monday with news on the vaccine front that will start this second hour with. Im Connell Mcshane reporting from new york. We did have some positive news on a potential Coronavirus Vaccine thats working its way into the invest ormindset today. Oxford university and astrazeneca with the early tries for a drug that produced a strong immune response. That certainly has people feeling optimistic about what the future might bring. Before we get to any kind of political negotiations over what we get news every now and again, this uk drug company, the stock was through the roof and they came up with something. How are you guys doing in terms of how you treat the virus, especially in a time before we have a vaccine in place . Sure. And what im seeing here in texas is twofold. So first of all, [ inaudible ] separated from the hospital, patients come in, you know, my last shift, in ten hours i saw 120 patients with the help of incredible nurses and techs. Some of them we dont even get them out of the car. Hopefully, they dont need as much as far as therapeutics go. Then on the other end of the spectrum, when i wrote that Medical Center hospital which is a county hospital, we are seeing patients who need oxygen and unfortunately, we had one of our nurses pass recently, too. And we basically its a spectrum between the walking well and the extremeness of sickness. It depends on which one you are. For the listener out there, the unpredictable thing is where on the spectrum youll be. If you catch this, you cant say oh, im going to be the walking well. We are seeing 20, 30yearolds needing oxygen and we have patients in the icu and our floor. So we have to be careful with this. Then from our end, we take care of the therapeutics individually based on where on the spectrum they are. Connell i can see why youre going back to that personal responsibility side because youre right, you never know, you have to be careful with your own family and actions and the things you can control, you try to control them. I know you, i believe, worked in the military for some time. I saw that story that things are so off in california and texas, military medics are being sent in, right . They are. I think this is a great thing. First of all, i applaud our military. I know these doctors, nurses, medical professionals are very very well trained and whether its a missile we can always count on our military. Connell yes, we can. Doctor, we will continue to watch that and other states as the spikes continue to be reported. But also, as the therapeutics continue to improve and as the vaccine progress continues to be made. Now, back to the politics. Speaking of progress, we will see if we get any this week and next on another stimulus measure. Blake burman joins us. That was kind of interesting, i guess it was about an hour and a half ago or so, we saw the gathering in the oval office which sets up the negotiations, right . Reporter and one of the big headlines right off the bat was the president saying that he is going to be bringing back these coronavirus briefings, these Late Afternoon briefings. You will remember that going on for weeks at a time. The president saying the first one will be tomorrow afternoon at 5 00 and even suggested he would be bringing in leaders from some of the companies that are on the front lines of therapeutics and vaccines to take part in these briefings. So we expect to hear a lot more from the president certainly here if not in upcoming weeks, upcoming days as he says he will bring these briefings back. The president made that announcement when he was in the Oval Office Just a little while ago sitting down next to the Vice President , the treasury secretary and Republican Leadership as well. As all of them laid out their phase four relief priorities or at least were there to discuss what might come next, the president continuing to say that he wants a payroll tax cut. The payroll tax cut to me is very important. Were working on it. And i dont think theres too much dispute as to the level of importance. Its a very important thing. Reporter the president also said there is about ten items on the republican wish list. The treasury secretary, Steve Mnuchin, spelled some of those out. Well have tax credits that incentivize businesses to bring people back to work. Well have tax credits for pp e, for safe work environment, and we are going to have big incentives, money to the states for education, for schools that can open safely. Reporter heres how the top democrat in the Senate Chuck Schumer sees the lay of the land going into these talks. He wrote his democratic colleagues the following, saying quote, unfortunately, by all accounts, the Senate Republicans are drafting legislation that comes up short in a number of vital areas, such as extending Unemployment Benefits or funding for rental assistance, hazard premium pay for front line workers or investments in communities of color being ravaged by the virus and many other necessary provisions. One thing that i am told to keep an eye on is the possibility of Health Care Pricing transparency being one of those ten items, as the president put it, to be included from the republican side of things. Newt gingrich, art laffer, steve forbes and steve moore, as you know, economical lies of the president , wrote to him, Mitch Mcconnell and Kevin Mccarthy today on this very issue, something i am told as we look ahead here, as the negotiations begin to keep an eye on. Remember, the president had signed an executive order on this, the idea now being maybe this should be codified into law. Connell . Connell if you are told to keep an eye on it, we will do just that. Thank you, sir. Blake burman in washington. Before we talk to karl rove, who is standing by, lets bring in Hillary Vaughn to put all of this into context of the campaign between President Trump and former Vice President biden, as hillary, the president s really been stepping up his attacks on mr. Biden on the economic side, right . Reporter hi, connell. Thats right. The president actually saying hes happy with how the economy is rebounding so far, but Public Opinion is not. The president responding to new fox news polls in an exclusive interview with Fox News Sunday anchor Chris Wallace, where he responded to new polls that show Public Confidence that the president should be in charge of the Worlds Largest economy is fading. The polls show joe biden with a 1 edge over trump over who they trust to do a better job on the economy. 44 for biden to 43 for trump. The president telling fox he does not trust the polls and he points to democratic governors who were slow to open up their economies for a lagging recovery. I think the economy is expanding and growing beautifully. Now, the democrats want to keep it closed as long as possible because they think thats good for election. But i think the economys doing very well. Now were coming back and were coming back at a level that nobody would have thought possible. Were going to have a stock market perhaps on november 3rd thats the highest in history. Reporter trump thinks the economy will be a winning issue for him on election day. New fox news polls show thats not the number one voter concern right now, its coronavirus, with 29 saying covid19 is their top concern, 15 saying its the economy. Presumptive nominee joe biden says the covid19 crisis is a chance to build a new economy, saying this. Quote, mr. President , your ignorance is not a virtue or a sign of your strength. Its undercutting our response to this unprecedented crisis at every turn and its costing americans their jobs and their lives. Its long past due for President Trump to listen to somebody other than himself in how to fight this virus. So what does an economy under joe biden look like. Well, hes teased some of it. A lot of government spending, 700 billion to buy americanmade products with taxpayer money, 2 trillion to combat Climate Change by taking jobs out of the Energy Industry and pushing them towards Greener Energy jobs and also, higher taxes for most. Corporate taxes will go up to 28 and he said he also will roll back all of President Trumps tax cuts. Connell . Connell Hillary Vaughn in washington. Hillary, since you brought up the Chris Wallace interview for one more moment. You start to wonder whether the way the president handled some of these questions, especially when he was pushed, as he was in the interview by Chris Wallace, if hes creating new political problems for himself, and if those problems will be exacerbated by the briefings, the coronavirus briefings now coming back, according to the president , starting tomorrow. Heres the backandforth between chris and President Trump over the virus and how much of the increase in cases has to do with testing. Listen. Testing is up 37 . Well, thats good. I understand. Cases are up 194 . It isnt just the testing thats gone up. Its that the virus has spread, the Positivity Rate has increased. Many of those cases are young people that would heal in a day. They have the sniffles and we put it down as a test. Many of them. Dont forget, i guess its like 99. 7 , people are going to get better and in many cases, they are going to get better very quickly. Cases are up. Cases are up, many of those cases connell lets get to karl rove on this. Karl joins us now. The thing that chris pointed out was they went back and forth further on that, is that its not just testing, the cases are up he said 194 but testing is up just 37 . I guess my question is, the president is bringing back these briefings, as he really gets pushed and isnt out there just saying its all testing, its all testing, is he creating potentially political problems for himself when pushed by an interviewer like he was by Chris Wallace . Yeah, well, what you are asking, is there a better answer and there is a better answer. Theres a publication called the dispatch that is taking all this data and every morning, has a very interesting chart. That chart, the blue line measures tests excuse me, cases and the red line measures death. The blue line is on a different scale than is the red line, but you will notice we had like 20,000 cases on average in march and we sort of peaked in late march, early april, then began to rise dramatically on the number of cases so we are now on a sevenday rolling average about 60,000 cases. Cases up. On the other hand, on the death scale, we went and peaked in april at roughly 3,000 a day excuse me, 3,000 on a sevenday average, and now we are down to 1,000 over the course of a sevenday average. So you know, the president could have said look, im concerned about the rise in cases and people need to act more responsibly, we need to socially distance and we dont need to flood the bars and flood the beaches and spread this infection, but he also could have drawn attention to were learning how to deal with it better, we treat people in the hospitals quicker, faster and better, and as a result, the number of deaths is declining even while the number of cases is spiking. So he could have accepted and said look, there are more cases, part of the case count is coming from better testing and more Rapid Testing for people who feel they are ill but also part of it is coming from people spreading by irresponsible behavior, we need to do something about it. He could have also pointed out to a Great Success that gets passed over and that is the fact in the absolute number of deaths, we have declined from our high point in late march, early april to today and its relatively flatlined even as the caseload goes up. Says something about the success of the American Health Care Industry and our hospitals and first responders. Connell what struck me when you were talking is how simple that was. Your famous whiteboard there. You only had two lines on your chart. You know, you made your case very in a way that just about anybody could understand but you know, the appropriate amount of caveat thing, of course we are concerned but, and i just wonder, has this white house got the handle of doing that in that way yet and if so, i wonder why not. Well, i dont know. They dont. Im glad they are bringing back the briefings. I hope that they do them in a different way than they did before and that is to have the president set the message of the day, turn it over to the Health Care Professionals and scientists and dont then open it up for wild questions from the White House Press corps. They want to get him. He falls for the trick and thats how we get the famous bleach moment and other moments. He should walk in knowing just what the message is, convey it, turn it over to the experts and either excuse himself or stand in the back but do not under any circumstances subject yourself to the wild questioning by the White House Press corps because that aint going to be pretty. Hasnt been pretty thus far. Wont be pretty again. Connell so if you were advising him directly you would say do not take questions, mr. President , allow dr. Birx or whoever to take questions but do not personally take questions. Yeah. Yeah. I mean, have the message of the day. Hes always got to be in the room. He can always step forward and say dr. Birx, dr. Fauci, i or surgeon general, i want to add a comment or two but no, these things deteriorated when they got to be the chance for the White House Press corps to ask any question they wanted and he responded and as a result, we lost what the moment of that day was about. Imagine, for example, not that my chart was all that great, but assume he took the chart which is readily available, anybody who wants to see that every day, sign up for the dispatch, its an online newsletter, they do an excellent job of presenting it right at the top, but what if he walked out and said look, i want to first of all put this in context. Im worried about rising cases, heres the blue line, i also, though, want to draw attention to the fact that were doing a better job of dealing with this, people ought to have confidence that our health care system, we are doing better therapeutics, better treatment, its affecting younger people, but we need we got a lot ahead of us but lets at the same time we raise a warning flag about peoples behavior, lets also give credit where credit is due and thats to our great hospitals and doctors and Health Care Professionals. Bingo. Done. Walk off. Turn it over to everybody else to explain and answer questions and go deeper. But thats the likely message that the president conveys to the country thats carried on the evening news. Connell have to be careful not to downplay the rising cases, because [ speaking simultaneously ] we are deeply concerned. As you know, texas has a rising number. What happened . Our governor came out and said you know what, i made a mistake, i let the bars open up too early so im going to put that put the imposition on bars back in place and im going to ask people to wear a mask and im going to, if businesses require you to have one, we are going to back up the businesses. If you walk in a business that says you have to have a mask to be in our place of business, you got to have a mask. Connell right. Karl rove, austin, texas, always good to talk to you. Thank you. Quick break, then a little football when we come back. Theres a push online, got a hash tag and everything, for the nfl to get back in business but do it safely, or the players might not be on board. Its easy to get lost in the economic uncertainty. The volatility. The ambiguity. This moment calls for more. And Northern Trust delivers more. With specialized expertise. Proven strategies rooted in data and analytics. And insights borne from over 130 years of successfully navigating economic turbulence. Giving you new clarity. Inspiring confidence. And helping you uncover new paths forward. Northern trust. Wealth management. Welcome to camp tonsafun on xfinity its summer camp, but in your living room. Learn how to draw with a minions expert. How to build an indoor Obstacle Course plus. Whatever shes doing. And me, jade cattapreta. The host of es the soup camp tonsafun. Its like summer camp, but minus the poison ivy. Unless you own poison ivy. In which case, why . Just say summer camp into your xfinity voice remote to join. Connell lets talk a little about football. The nfl is certainly planning to come back which we will get to in a moment. I wanted to tell you first about this alert on disney. Disney has slashed the spending its done on facebook. There has been a boycott of facebook that we reported a lot on, and as a result, disney has really cut back on the amount of money that it is spending. The wall street journal reporting on this and disney at one point was facebooks top advertiser. For the First Six Months of the year. But it joins a lot of other companies that are cutting back. We wanted to get to that. Now we will talk football. The nfls on pace to come back and have a season this year but its players in what was an organized effort, the Players Union certainly involved, really took to social media over the weekend and said yeah, we want to come back, in fact, the hash tag on all their tweets about this was we want to play, but we only want to do it if its safe. Chr a former player who funded a Company Called mission which is very very popular these days, joins us now. What about this effort by the players, struck by it a little bit, like i said, the union obviously got it going and they got everybody involved in it, but did they pour some cold water on the fact there will be a season or does the nfl have some changes to make . What do you make of it all . I think we are in a case of the fear of the unknown right now. Youve got this theyre at odds. The owners want the players to come back, they want to start training camp, obviously everybody wants sports, but the players are saying hey, not so fast, what about safety, where are we on testing protocols, what about equipment mandates, how are we actually going to protect and stay safe. Theres a lot of Unanswered Questions and i think because we are in an unprecedented time, the players rightly so are raising their voices about it, trying to hold ownership accountable. Connell other leagues have figured out we have baseball, they already do, i guess they are in summer camp and will have regular season games by the end of the week. The nba has their whole bubble thing in florida. Is it tougher for the nfl . Is the league just falling behind here . Yeah. Well, i think it might be a combination of both. Quite honestly. I also think football is a little bit of a different sport. Youve got guys that are just frankly all over each other constantly, stuffs flying back and forth, guys are sweating, its a brutal game, and so i think there just needs to be more answers and at least a protocol that the players, the union can get behind and at least as a starting point. I think those Unanswered Questions are leading players like jj watt and Patrick Mahomes to say we want to play but you have players like Russell Wilson who says my wife is pregnant here, come on, guys, i want to play but i also want to be safe and take care of my family. I think there just needs to be a little more communication and i think the players took to the court of Public Opinion to make sure that these questions get answered. Connell they probably will now. Its probably smart to do that because all the fans saw this and now we are talking about getting a lot of attention. Hows business . I wanted to ask you about mis mission. We have all seen it pop up on our social media feeds, we have gotten one or two of these masks, full disclosure, at our house. More than the masks, theres one on the screen, good shot of it, the way it covers your whole face, but as it is now in new york today, 100 degrees out, these things feel pretty good. Business is booming right, for you . Business is booming. Mission is a textile Technology Company and we have a whole portfolio of products that help keep you cool and comfortable. This particular product, we put in market over eight years ago. It actually was originally designed for professional athletes to help keep them cool and covered when playing sports. I have actually had a lot of nfl players and coaches reach out to me and reach out to our company. We have outfitted a bunch of teams because frankly, its easy. You pull it up and it covers your face, you pull it down and it stays around your neck. Business has been fantastic. We have had the ability to scale rapidly, due primarily to fantastic partnerships and market and our ability to source and, you know, figure out distribution in such a crazy time. Its been a fun ride. Connell yeah. I bet it has. It was one of the things for us in covering all this, so Many Companies have struggled but you also see so Many Companies like yours who say all right, i can help people and i can make money businesswise, because i already have a product that would work. Now you adapt it to a new vision, i guess, so to speak. Thanks a lot for coming on, chris. Good to see you. Good luck. Continued success on the business side of things. Chris valletta and mission is the name of the company. Former nfl player as we said as well. In a moment, the colleges that are set to open up, some are, some arent for the fall. The virus is having an impact on how people make their choice about where they go to will skosko school. Grady trimble on that. Dont go away. This piece is talking to me. Yeah . So what do you see . I see an unbelievable opportunity. I see bestinclass platforms and education. I see awardwinning service, and a trade desk full of experts, available to answer your toughest questions. And i see it with zero commissions on online trades. I like what youre seeing. Its beautiful, isnt it . Yeah. Td ameritrade now offers zero commissions on online trades. And im an area manager here at amazon. When you walk into an amazon fulfillment center, its like walking into the Chocolate Factory and you won a golden ticket. Its an amazing feeling. My threeyearold, when we get a box delivered, he gets excited. He screams, mommys work when the pandemic started, we started shipping out all the safety stuff that would keep the associates safe to all the other amazons. All of these are face masks, weve sent well over 10 million gloves. And this may look like a bottle of vodka. When we first got these, we were like whoa [laughing] with this pandemic, safety is even more important because theyre going home to babies, theyre going home to grandparents. So, our responsibility is to make sure that they go home safe every single day. So, our responsibility is to make about medicare and 65, ysupplemental insurance. Medicare is great, but it doesnt cover everything only about 80 of your part b medicare costs, which means you may have to pay for the rest. Thats where Medicare Supplement insurance comes in to help pay for some of what medicare doesnt. Learn how an aarp Medicare Supplement insurance plan, insured by United Healthcare Insurance Company might be the right choice for you. A free decision guide is a great place to start. Call today to request yours. So what makes an aarp Medicare Supplement plan unique . Well, these are the only Medicare Supplement plans endorsed by aarp and thats because they meet aarps high standards of quality and service. Youre also getting the great features that any Medicare Supplement plan provides. For example, with any Medicare Supplement plan you may choose any doctor or hospital that accepts medicare patients. You can even visit a specialist. With this type of plan, there are no networks or referrals needed. Also, a Medicare Supplement plan goes with you when you travel anywhere in the u. S. A free decision guide will provide a breakdown of aarp Medicare Supplement plans, and help you determine the plan that works best for your needs and budget. Call today to request yours. Lets recap. There are 3 key things you should keep in mind. One if youre turning 65, you may be eligible for medicare but it only covers about 80 of your Medicare Part b costs. A Medicare Supplement plan may help pay for some of the rest. Two this type of plan allows you to keep your doctor as long as he or she accepts medicare patients. And three these are the only Medicare Supplement plans endorsed by aarp. Learn more about why you should choose an aarp Medicare Supplement plan. Call today for a free guide. Connell so the coronavirus has definitely had an impact on how people think about college. There was a poll recently from axios, they talked to College Students and three out of four said yeah, class are back in the fall, so am i. Ill be there. Grady trimble with more on all of this as he joins us now. Grady . Reporter yeah, connell, the problem is that a lot of fouryear universities already have decided that they are going full online or doing hybrid courses in the fall. We dont have enrollment numbers yet for Community Colleges, but many across the country are seeing a surge in interest for the upcoming fall semester. We are at college of dupage outside of chicago. Some of their courses are still inperson here like a dentistry lab and Radiology Lab we went to earlier but the vast majority are still online, of course, because of the pandemic. As i mentioned, many of those fouryear universities are doing the same thing for the upcoming fall semester. So students are questioning the higher price tag for Higher Education at those universities and theyre looking into places like this instead. Its a wonderful opportunity for students now to get some of their general education courses finished. Why do you want to go to a university, get stuck in a dormitory but not be able to attend classes when you can come to a Community College and get better value for your money . Reporter we talked to a student here who had that exact question. She said she couldnt even go to colleges for official visits earlier this year due to the pandemic, so she said you know what, im going to save my money now before transferring later. I still want a fouryear University Degree in my hand. I hope that this will die down in two years and we will have [ inaudible ] but that is my plan to go for one or two years, then transfer to a fouryear university. Reporter we are seeing more and more stories like that one. The question is, connell, whether this will be a surge in interest during the course of the pandemic and whether it will get back to normal, or if we are witnessing the changing landscape of Higher Education in this country. Connell thats the question. So many different businesses, real estate and so many others. Grady, thanks. Grady trimble in illinois for us today. If you were watching last hour, you may have seen Edward Lawrence reporting on some of the tough decisions that have to be made in the state and local level when it comes to budgets. Want to add to that now as Charlie Gasparino has new information that he dug up on i believe some tax hikes we might all be facing on the state and local level. What are you learning . Charlie or budget cuts. I think one thing we have to say is everybody is looking at this stimulus plan thats being debated in washington right now, people are talking about payroll tax cuts, individual checks, battles between mnuchin and kudlow over the direction of where trump is going to emphasize what he wants out of the budget, out of the stimulus talks but state and local governments in particular are watching that aspect of it that doesnt get as much attention but its pretty big, and it may turn out to be one of the biggest parts of the stimulus plan and thats aid to state and local governments. As you know, state and local governments across the country have been hammered in their budgets by the pandemic and by the economic collapse that occurred because of the shutdown. So those shutdowns caused the economy to go down, tax receipts to go down and you have big budget deficits. You know, probably the biggest budget deficit in the world might be in new york state right now, new york city, which was the epicenter of the pandemic and i will get back to that in a second. So what we do know is this because i have been perusing various state and local governments asking what they are looking at and they are eyeing the talks and they would like most of this, maybe 750 billion of the 1. 2 or. 5 trillion deal thats likely to be enacted between the republicans and democrats in the white house, they would like a big chunk of that, as much as 750 billion, 800 billion of it to go to state and local governments and the size of what these governments get will determine just what they have to do in terms of budget cuts and tax increases. I will say this. Lot of eyes are on new york state and new york city. Why is that . It was the epicenter of the pandemic for awhile, it is also huge state governments and new york city has one of the biggest state governments in the country. You know, if new york city has one of the biggest municipal governments in the country. Its bigger than most state governments, okay. Take california out of the mix and new york city, and new york state and new york city is right behind them in terms of the size of their budget and new york city is getting hammered right now. Look at it this way, theres a state agency called the new york state metropolitan transportation authority. It runs the subways. Nobody is on the subways right now. That state agency will probably need bailout aid. So the question is what does new york city and new york state do. New york city, if it was up to bill deblasio would probably raise taxes and cut the size of government. New york state, on the other hand, when andrew cuomo is signaling to people, he knows there is an exodus of people leaving the state, he knows that he has very little wiggle room in terms of raising taxes because that will lead to the tax base to pick up and leave even more. At least for now, what cuomo is saying as opposed to deblasio, im getting this from people close to cuomo, is that he does not want to raise taxes when all is said and done. But again, and he wants to cut dramatically, just how much hes going to cut will depend on the sti size of the stimulus package and whats going to state. That wont be determined for another couple weeks. Clearly state and local governments are eyeing this and they have a lot riding on it. You know, the new york state and municipalities like that have a real big problem. People have been leaving the state in droves for years. The pandemic and some of the striel e violence that occurred in new york city obviously, you know, heightened that. If you raise taxes right now, you have a real problem. So thats why cuomo is reluctant to raise taxes. Deblasio, on the other hand, [ inaudible ] he will probably listen to aoc and tax everybody with a heartbeat and a job to plug the budget deficit. That may have to get you have to check new york city tax, how the tax law works. It might have to get through albany. There are some provisions on new york city that its hard for them just to simply raise taxes. I think albany must approve that. They will have a hard time in albany because the legislature, if you listen to Governor Cuomo, represents a lot of suburban municipalities that may not go along with those increases. Back to you. Connell yeah. We know cuomo and deblasio famously dont get along very well either even though they are both democrats. Good information. Gives us a lot to watch. We have a picture of times square even after all this time and basically nobody in it today. I know its 100 degrees out but still. When we come back, we will have more oh coast to coast. Later this hour we will look at some of the measures that restaurants are using to be a little more efficient. How about a robot at your restaurant . Well be right back. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. And the clock could be ticking towards bad breath, receding gums and possibly tooth loss. Help turn back the clock on gingivitis with parodontax. Leave bleeding gums behind. Parodontax. Connell one more story about new york before we move back to the rest of the country. Theres been a real pickup in violence as im sure you know in recent weeks in new york city, and the mayor and Police Commissioner came out and announced a plan that they think will deal with it. Its called their End Gun Violence plan. We are joined from new york with more. Reporter yes, that plan launched on friday and yet we saw more violence again over the weekend. Brooklyn was hit probably the hardest, that borough, over the weekend. Take a look at this video, Surveillance Video that shows police say a 23yearold man shot multiple times and killed in that borough on saturday, and youre looking at the suspect theyre looking for now, a man seen riding away in a motorcycle. Take a look at the number of people shot this weekend, up 187 from the same weekend in july last year and then this past week, new york city saw more than triple the number of shootings compared to the same week last year. The city, as you said, Just Launched its new End Gun Violence plan on friday, and that really just shifts more officers to areas with spikes in gun violence like brooklyn and the bronx. Police also held a gun buyback over the weekend. Heres mayor deblasio on all the weekend violence. We think we saw some progress this weekend. We got a lot more weve got to do but we are beginning to see progress from the combination of putting officers out in the places where they will have biggest impact in a pinpointed way and the growing presence of Community Members working with nypd to stop the violence. Reporter meanwhile, Police Commissioner this morning said he is losing count of the number of officers assaulted. Last wednesday, remember this, a counter protester attacked several officers with a cane on the brooklyn bridge. On saturday, one of the injured left the hospital in a wheelchair after suffering an eye injury. He said i bled for this city and i would do it again tomorrow. Police did arrest that suspect on the bridge and according to local reports, connell, police have also now arrested a man for allegedly cutting the brake lines underneath an nypd van. That of course would prevent the van from braking, from stopping. A very dangerous situation. Connell . Connell yeah. To put it mildly. All right, thanks. We are going to texas in just a moment and we will talk to the owner of a barrestaurant in texas who sued the governor over coronavirus related shutdowns but now the bars back in business. We will tell you why and how that happened. Well be right back. Experience the adventure of a bigger world in a highly capable lexus suv. At the golden opportunity sales event. Get zero percent financing on all 2020 lexus models. Experience amazing at your lexus dealer. Connell welcome back, everybody. Wouldnt it be really random if the next story had nothing to do with robots . Lauren simonetti joins us. The next story does have to do with robots and restaurants. What have you found out . Lauren this song makes me want to do my robot dance. Yes, i just did that. The robots are coming and they are coming to the restaurants in a big way. You have met flippy before. We have spoken about him. Hes 30,000 and he flips burgers, surprise, surprise, at restaurants like white castle. Doesnt get sick, doesnt spread germs. Okay. Thats flippy. Have you met breadbot yet . Breadbot makes fresh bread in minutes. You dont have to deliver it to a bakery or store. Its made right there. It doesnt have to sit in packaging. Then theres sally. Sally is 35,000, used at universities, hospitals, food stores, to essentially save the salad bar that has been lost to covid19. Listen. I think behavior has been changed significantly and probably permanently for many consumers in terms of especially eating from open food bars and buffets. Theres just too many touch points, too many possibilities of spreading disease in those kind of food experiences. Lauren and because of that, mr. Wilmer says demand has quadrupled since the pandemic but the age old question is are robots about to replace workers. The Brookings Institution finds that 36 million american jobs are at a high risk of being replaced by automation with the largest concentration being in the food service industry. 73 , imagine that. Now, some Companies Say were not displacing workers, just freeing them up to do other things like face customers, clean, especially right now with the pandemic. But this is a time when companies are trying to do so much more with less. They have to cut costs in every way that they can. They dont want to pay higher minimum wages, they dont want to pay benefits and with a robot, you dont necessarily have to do that. When you couple that with the facts robots are cleaner, technology is being advanced in a big way. So yes, the robots are coming to the restaurants. Lets see what happens to the workers. Connell exactly. Thats always the question. There are so many sides to these type of stories but that is a really cool use of technology, right, on the salad bar side. People have thought things like that would go away if youre not comfortable but they come up with something. Thank you, lauren. Lauren simonetti on robots in the restaurants. Want to get to texas and that story now as we are joined by t. Allen parker who runs the machine shed bar and grill, who was involved in a lawsuit, suing the Texas Governor greg abbott over the shutdown order that was in place but now, you are back in business, right . Tell us how that worked out. He doesnt later mhear me, huh . Guess not. How are you . Connell she hears somebody. Guys, tell me if thats me shes hearing. We will do this on the fly. You hear me okay . I hear you great. Connell all right. Were on. Sometimes we have to do these things on the fly with the way the broadcast setup is these days i was just saying right before, you may have heard this or not, you have this lawsuit, you sued basically the state, the governor, because of the shutdown, and we would talk to you about that but next thing you know, youre back in business. What actually happened . So they gave me a suspension as abbott had mandated, ordered, and that was he gave me a su pension suspension on july fourth, independence day, he took away my independence. We appealed that, we won, we got the license back in ten days. We applied for a food and beverage. So he didnt take the food away. They charged me almost 800 to do what we already did which was serve food. So we had to pay that so they gave us a food and beverage but sadly were closed again. So were not open. There has been a Development Since yesterday. Yeah. Were not open. Connell what happened . Whats the latest development . Square processing out of nowhere, sends me an email that says we have deactivated your account, we are not processing your payments anymore, and we are going to hold every penny that you have made for the next 90 days. So we cant financially be open. We went through all the channels, and im right back where 7,000 other bars in the state of texas are, with at least 7,000 independent bar owners that are going bankrupt. Connell all right. Square is the company that processes payments, as you said, jack dorseys company. Is this a separate dispute, some sort of financial dispute that has nothing to do with whats going on here . There was no chargeback. There were no disputes on this account. Nothing. It just came out of nowhere. Im not even understanding. I dont understand what happened. Connell okay. Financially connell originally, we heard that if you were 50 , like if you served more food than drinks essentially, like if you were 50 food and i guess 49 alcohol, you would be okay. Is that the way it was before all this happened . No. What abbott did was he based it off of 51 he said i dont care if you serve food or not, if your gun sign is 51 red you have to shut down right now. Thats what he did. So connell all right. Interesting. Weird situation. We have to run, unfortunately. The show is just about over. Tell you what, we will follow up with you and that was a surprise to us that got brought up to us. We will give square a call and see what their side of it is, a side we should know about as well. Maybe we will follow up on that tomorrow. Anyway, thats the story in texas. Take a quick break here. The dow which had been down, now up 44 points. Well be right back. Tara, did you know geico is now offering an extra 15 credit on car and motorcycle policies . Wow. Ok thats 15 on top of what geico could already save you. So what are you waiting for . Idina menzel to sing your own theme song . Tara, tara, look at her go with a fresh cup of joe. Gettin down to work early following her dreams into taxidermy oh, its. Tax attorney. I read that wrong, oh yeeaaaah geico. Save an extra 15 percent when you switch by october 7th. Give it up for tara wsome Companies Still have hr stuck between employeesentering data. A. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. Connell so nasdaq on pace for yet another record high today, record after record. Amazon not doing so hot lately. It is up today and up by 6 , it is on pace to snap what had been a fiveday losing streak for the stock. It hasnt been doing so hot lately. Overall doing just fine. After the bell will join me at 4 00 p. M. Eastern. Youre stuck with me on cavuto coast to coast for couple days. Now it is time for charles payne. Charles connell, thank you very much. Good afternoon, my friend. Im charles payne. This is making money. Markets reverted back to the growth trade which has become the best of all worlds, right . Sort of like the favorite flavor of ice cream with sprinkles on top. Growth stocks are seeing both defensive and offensive as wall street purists are up in arms. They continue to miss the fun but continue to scream about the horrible, inevitable end. Well have serious debate and discussion on this show today. Investors looking for more stimulus as covid fight rages on in washington. A the day befor