Transcripts For FBC Cavuto Coast To Coast 20240712

Arab emirates. What were told israel is going to stop its expansion on the west bank and production going on there. It gets a little bit international in scope here as would be the case but for the markets it is deemed to be a positive development if it leads to similar Peace Agreements and normal relations israel enjoys with the likes of jordan and egypt. That is a positive development for the market. Well look at. That the big Pressure Point for the markets is obviously the ongoing concern about the stimulus talks that so far seem to be going nowhere fast. The president initiated a number of executive orders and actions he wants anyway. Nancy pelosi says there is no way in heck they will ever come to fruition so neither side is talking. This like one of my big ol italian families are Holding Grudges and they dont even know what theyre mad about. Were following that and also former ambassador ric grenell, foreign deals, international dough mess strict struggles and grudges, but maybe the view what started today could lead to big things tomorrow. Schools are set to open in the fall in a few weeks in new jersey. The governor gave it the green light. Seems like it might not be as good as he anticipated. A good many will start but almost entirely virtually. Lets go to blake burman at the white house with the Peace Agreement that caught a lot of folks by surprise. Blake . Reporter neil, this came in the Office Office moments ago seemingly out of nowhere where president is trump announced what will be called the abraham accord. 49 years, full diplomatic relationship between israel and the u. A. E. , united arab emirates. You talk about the devil in the details here, you laid some of it out. It will also include greater access for muslims to travel within israel and the alaqsa mosque, which is one of the holiest sites in islam. If you look at the broader picture of that area and that region, we heard from brian hook, u. S. Special representative to iran, he says this is another ability to counter iran as he put it, one of irans worst night mace. The president here looking big picture. Remember, neil, when President Trump took the first foreign trip months into office, it wasnt to canada, it wasnt to mexico it, wasnt to uk, or another ally. Rather his first foreign trip was to the middle east. This is something he kept his eye on for quite some time. The president said he is hopeful maybe this is one piece, this deal between israel and the u. A. E. , to a bigger part of the puzzle when you talk about peace in the middle east. Watch. President trump but the relationship has become a very good one between u. A. E. And israel and also with other countries, many other countries. I think you will be seeing some very exciting things including ultimately with the palestinians. I think that is going to be happening at some point. Reporter not the end well hear from this, neil,ing. As the president we also learned there will be a signing over here at the white house with all of the parties involved in the upcoming weeks. Neil . Neil all right. Thank you very much, blake burman on all of that. I want to go to Connell Mcshane right now. This is not really moved the markets one way or the other. Obviously positive development for humankind, put it mildly here. The catalyst for the buying was certainly there this morning when we got news that jobless claims for the first time in 20 weeks below one million. It is what you get used to. We were getting used to it being over a million. The fact of the matter there are other worries sort of weighing on the market. Connell here to balance all that out. Connell, how are we looking now . Reporter jobless claims number is reminder of the progress were making but how hard we were hit by the pandemic. 963,000 people filing claims last week, the first time in 21 weeks that number fell below a million. Yeah, were getting better, but boy have we been hit hard, 21 weeks above one million for perspective. Prepandemic high as jobless claims, 6. 6 million. The prepandemic high was 696,000. The debate is on for some time, capitol hill, the white house, what do we do about all of this, how do we deal with the economy . Getting something short term between the white house and Congress Seems to be an uphill climb. The president not only moving towards executive action but now appears to try to set up some of what he wants to do particularly with regard to taxes as a Campaign Issue. Case in Point Capital gains. Almost no one thinks you can move a capitalgains tax cut through the congress right now but the president seems to think that he can bring the rate down if he is reelected. So he wants to make it a Campaign Issue as he told Maria Bartiromo this morning. Take a listen. President trump im going to do a capitalgains tax cut to 15 in the second term. Well get it down to 15. It is 21. Well get that down to 15 . I will get that done easily. Reporter as we showed you on the screen the top rate is 20 , not 21 but the point the president is making he would lower taxes while the team youre looking at on the screen seen in their first joint appearance yesterday, joe biden, Kamala Harris would raise taxes. He says they would implement 4 trillion worth of tax hikes and the economy would enenter depression, repeating something he said a number of times. President , quoting him now, if biden gets in the market will crash. Interesting point on control of the congress the president made this morning. He seems to think republicans will take back control of the house but might have Trouble Holding on to the senate. As you know we talk to the political pundits many of them think the opposite scenario might be more likely in terms of who controls what, but the president is betting on the house turning red. He says the reason for that, again im quoting him is, nancy pelosi is stone cold crazy. On that note, neil, back to you. Neil all righty. Connell, thank you very much. Connell mcshane following all of that. Lets look at read on oil, other commodities markets how theyre reacting to all these crosscurrent including the peace deal between the u. A. E. And israel. Likelihood is that the parties go to war or at least have bellicose intentions better it is for things remaining stable and anxiety factor in the oil prices subside as little bit, just a little bit. Phil flynn following all of. Thatphil, what are we looking at here . I think this is historic checkmate when you look at the global chest game when it comes to security. Israel and u. A. E. Having diplomatic relations puts pressure on iran which was the biggest threat to Global Oil Supplies the last couple years. It also puts more pressure on saudi arabia to improve the relations with the United States. In recent weeks and months weve seen a lot of influence from other countries trying to exert their influence into the middle eastern region. Russia and china mainly, trying to take advantage of the tensions weve seen in iran and in libya so by the u. S. Reasserting its presence diplomatically in this area its going to help in a great way insure Energy Security and it is going to be good for the Global Economy because the risks to global supplies are down. This is a historic day. We hope it is the beginning of more, diplomatic progress between the u. S. , israel, and the rest of the middle east, and its going to put more pressure on the bad actors in the middle east that there is a better way than tension and fighting. Neil agreements now or normalized relations where they set up embassies in each others countries. With jordan and egypt and now the united arab emirates. So the next question becomes, all right, what will lessen the tensions here . Israel has already signaled it will stop expanding into the west bank, cool it on that for a while. Other players there want to see more stuff like that before they sign on to any other deals. What if we dont . In other words what if this is the limit for a while . Play that out for me. It is still the most progress weve seen in the middle east for some time. The last couple of months the middle east Peace Process has been grounded to a halt. There really didnt seem to be any movement. We seemed to see increasing tensions between israel and iran and it didnt seem like we were making a lot of progress. So in the middle east one step forward is huge when it comes to this agreement. So i think the first step is a great step. And you know, weve added many good steps before, only to take two steps backward. One and only hope it will continue. From an economic view point this will be great for the Global Economy. We need to take more risk out of the marketplace and the middle east, lets say the last couple years it has been very volatile with iran, with libya especially and with those countries. Any Movement Towards more stability in their area and peace will be good for the Global Economy, good for the Energy Crisis that could of course blow up if the middle east got into some type of major conflict. This is good that were moving closer towards peace. Neil all right. Phil flynn, thank you very, very much. With me now Brian Wesbury to weigh in on all of this. This is a Late Development as you know, brian, the First Trust Advisors chief economist, to put it mildly, even though israel has it limited to three other middle east nations it does business with others t does business with saudi arabia. Right. Neil it does business with kuwait. I always argued, i know you explored this before when youre making money with another country the last thing you want to do is start fighting with that other country. Right. Neil so netnet this is a very positive development, no . I totally agree. The best example of that, in sort of our lifetimes, neil, is what happened in ireland, right . Where they were at each others throats, once they were able to get peace and trade and commerce and the economy came up because of that peace all of sudden those days are long behind us and thats what we really hope for in the middle east. And this is historic. You know, right in the middle, people think President Trump and his administration arent doing things other than, you know, having press conferences and yelling at reporters but in fact behind the scenes they are making huge progress in a lot of different areas. This is, i think one, that could be a Huge Positive for the world Going Forward. Neil we still have our tensions with china. We dont want to gloss over other foreign issues that will be weighing on the market. Right. Neil but if the markets are panicked about that, to your point they have a funny way of showing it. Again were very close to a record on the s p. Very close another record on the nasdaq. The dow only five Percentage Points away. Right. Neil what are the markets telling us . Yeah. I think theyre telling us a bunch of things. First of all, lets just look at the earnings data. 84 of s p 500 companies have beat expectations for the quarter. In other words, they have had higher earnings than the analysts thought. Earnings, back in april when the market was at a bottom, we thought the market was pricing in an 80 decline in corporate profits t will end up only being only 32 . Right now at the end of next year profits are scheduled, at least according to all of the bottomup analysts to hit an alltime record high so that is certainly helping. There is this fear out there if the democrats, and im not trying to play politics here, but if the democrats take over the senate, the house, white house, they will raise taxes increase spending, increase regulation which in my opinion would be negative for the market. I think the market is telling us today that the polls are wrong. A vast majority of the conservatives wont speak their mind because theyre worried about what it looks like publicly. Way fewer liberals are scared. Neil right. So i think these polls are wrong just like they were in 2016. Neil you know, there is another argument on that. It kind of flips the coin that even if this, you know, ticket of joe biden Kamala Harris got into the white house, things would be slow enough to argue against raising taxes on anyone or any company, at least it wouldnt come you know, off the chute doing that. Yeah. Neil there is that factor as much as they might be tempted to hike taxes in an environment like that it might not be wise. Now the environment could be very different and the economy could be quite strong and president loses his bid for reelection with that Strong Economy but what do you think of that argument it would sometime any what a President Biden would do if 2 ever got to that point . Clearly if you look at unemployment numbers and Economic Data were likely to have in january, i do not think unemployment will be back anywhere close to four early next year. In that environment it would be tougher to raise taxes. Hey, i look at new york, new jersey, illinois, these states have done it in bad economic times. We have a massive budget deficit and im not convinced that will slow down the Movement Towards a more progressive kind of government. Just to put this in perspective, i look at the poll numbers today, and i take myself back four years, i was one of those people four years ago who others called stone cold crazy because i said donald trump would become the next president in spite of all the polls and i still think thats true today. We have a really stark choice. Do you want bigger government or do you want to move toward more freedom and lower taxes and Less Government . And i think that choice, at least in my lifetime has led to the Smaller Government candidate winning most of the time. Neil all right. Smaller these days with multitrillion dollar deficits is in the eye of the beholder. Right. Neil brian, thank you very much. Good catching up with you, my friend. Brian wesbury. There might be something to what he said here, the dow down 36 points. We havent gotten a big bang for the buck on the Peace Agreement between israel and the u. A. E. Former ambassador among other things, ric grenell, what he makes of the implications of all of that and some of policies some of the biden harris ticket that worry him. Ric grenell is next. All otc pain relievers including voltaren have 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. He scores stanley cup champions touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Neil you know when you go into a trading day there are some things you expect on the day. Well get jobless claims today. They were under a million. That was a big deal. No one saw that one coming. There were earnings that surprised. Take over deals and mergers of note. But they were largely kind of expected, the timing was a little bit off. This one, a lot of folks did not see. A Peace Agreement between israel and the united arab emirates. This is something out of dark the president didnt waste a nanosecond on its importance. Democrats have been silent in response to her. Even grudging media covered the president rather harshly, giving him kudos orchestrating a deal they say will add to security in the region. With promises out of israel to quit building and expanding along the west bank. So some promising signs. Where do we bo from here . Our former ambassador to germany with us right now, ric grenell. Ambassador, good to have you. Nice to see you, neil. Neil same here. So let me get your take on the significance of this deal. There are many other middleeastern nations want nothing to do with israel even though a good many of them quietly do business with israel. Do you think others will follow . I think for sure others will follow. I made it clear we should quickly pursue lebanon. At this point lebanon is in a precarious situation. They need international help. The president of lebanon is being attacked every single day. Every day i wake up to see if he is still the president. I think its really important that we begin to change the policies of the past. Look the reality is, neil, that we have been working on peace deals, this peace deal for a very long time. Jared kushner has never stopped working on this deal. He deserves enormous credit. He is always believed that there was a path and part of believing there was a path is really twofold. One, the europeans were frustrated with the iran policy coming out of the u. S. I think too much of our media were black and white about exactly, you know, the iran peace deal versus not an iran deal. And reality is, is that the obamabiden iran policy has really created instability in the middle east. Our arab partners have been begging to have a more realistic approach. I think todays deal is a real signal that there is a fear that we could return to the biden policy. Remember, he was the brains on Foreign Policy for the obamabiden team. He always told us that was his, his expertise and that he would be leading. Now that he is running for president. He would be totally implementing his view of the world. And i think the arab partners are very fearful of that because if the policy that doesnt have strength. So it is consensus built. It is jello. Consensus sounds good but it means the lowest common denominator of a whole bunch of people. I have can tell you ive been inside of the Security Council trying to get 15 countries agreeing to a statement means you watered down the statement so it is completely unhelpful. What President Trump believes we, the United States, for our policies, should do two things. We should bring our troops home. We should not have foreign entanglements. We should be very clear we should always help but we will always have strength. U. S. Money should not be free. There should always be strings. That is not what the biden approach has been. It is always been about consensus, give the money. Try your best but keep giving the money and weve been taken advantage of. Neil you might be surprised to learn that the bidensenator harris team disagree with that. Just yesterday Kamala Harris is concerned that the president is isolating the u. S. From the rest of the world. She says washington must reclaim its moral authority on the world stage. In other words, this loan lone ranger approach we take adds insult to injury. The president is pulling some of our troops out of germany he would risk Global Security to get more money out of the germans to put the nato bill. What do you make of that . Well look, i keep hearing these arguments all the time and i would really welcome this debate. We should have segments every single day on the two different views because the reality is what Kamala Harris is saying we need consensus in the world. Everybody needs to agree and we shouldnt move forward unless everyone agrees. I can tell you my eight years at the u. N. That is a disaster in the making because the United States is the one that is always called upon to fund the programs, to put the money into the programs. But then were supposed to just sit back when the programs dont work. That is not what we want. The clear fact is is that the bidenharris team wants washington to be the capital of the world. Donald trump wants washington to be capital of the United States and fight for the American People. We have fundamental disagreements but take just a closer look at whats happening in the middle east. I think our arab partners would say to Kamala Harris, youre wrong. We need a realistic approach. We dont need people who are going to give billions of dollars to the iranian regime. We need an administration, a u. S. Administration that is willing to take out soleimani. It is willing to pull our troops back. At one point on the germany troop level, look, neil, the media is doing a terrible job of communicating what the deal is. We have 34500 troops in germany. What donald trump is saying, lets lower it to 25,000. 25,000 american troops in germany seems like enough. I can tell you as the u. S. Ambassador to germany its plenty. Germany is the largest economy in europe. Neil do you think it ends there, ric . Isnt there a fear he will extend it beyond that . That is completely different arguement than what the senators or media have been saying. Ive been lectured to about the history of world war ii and how you know, we had this commitment. Part of the commitment that we had to rebuild europe was because europe was devastated and poor. Look at the German Economy now. It is a fundamentally different paradigm shift. Why is it so bad to think differently about some of these issues . We dont have zerobased budgeting in washington. We have the system where you keep adding money and adding money and nobody stops to say, wait a minute, germany is the largest economy in europe. It has a surplus. Maybe we shouldnt be footing the bill for the germans when theyre not paying their bill at nato. I actually think that we need a strong Transatlantic Alliance with the europeans but i love Donald Trumps position to say that the europeans have moved towards socialism. They have moved away from us. The reality is, the europeans need to come back to us. Were trying to pull them back into the west. We dont need the German Government to take nine days to think about what side theyre on in venezuela. Theyre the west. We have fought for them very hard. Weve sacrificed a lot. The American People care very deeply about germany and the Transatlantic Alliance. We think it is not too much to demand that they are with the west. Theyre innately with the west and they dont play games with socialism. Neil real quickly, what are you going to do, lets say the president is reelected, what kind of things can we hear from rick grenell . I am loving my life. Im a cancer survivor as you know. Im fully ensconced trying to be healthy. I think Everybody Needs to get out of washington and take some time off. That is really what makes a healthy washington. We shouldnt have people that just stay there for decades and decades. So ive done my service. I was happy to do my service. It was a great honor but now im back home. Neil im politely going to push you on that. I know youre back home. Im happy youre healthy. You had a very close call there but i am curious whether youre permanently back home and whether you would be tempted to return to washington . Not right now. Neil okay. There you go. You have that angry look in your face, ric. I pushed you no, neil. Im never angry with you. Neil okay. There you go. I will believe that. Always good having you on. Ambassador, be well, be safe, be healthy. Ric grenell former ambassador from germany. Intelligence operative in that interim and widely respected on both sides. Meantime were down about 54 points right now on the dow jones industrials. So some interesting developments here on the earnings front and unique merger front. We have mergers within sectors that are shrinking those sectors as we speak. When you see that, it is generally a bullish development. Well explain after this. My husband and i have never eaten healthier. Shingles doesnt care. I logged 10,000 steps today. Shingles doesnt care. I get as much fresh air as possible. Good for you, but shingles doesnt care. Because 1 in 3 people will get shingles, you need protection. But no matter how healthy you feel, your immune system declines as you age, increasing your risk for getting shingles. So what can protect you . Shingrix protects. For the first time ever, you can protect yourself from shingles with a vaccine proven to be over 90 effective. Shingrix is a vaccine used to prevent shingles in adults 50 years and older. Shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. The most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. Talk to your doctor or pharmacist about protecting yourself with shingrix. Shingles doesnt care. Shingrix protects. Neil you know we keep hearing a spike in cases in florida. No one wants to go there. Tourism is kaput. Disney world isnt nearly as crowded they were hoping it would be. Lo and behold united announces that it is going to be beefing up nonstop flights to florida. So there is obviously a disconnect there. Bryan llenas with more on this from miami. Bryan. Reporter neil, good afternoon. Look, this is the a shop in little havana, the heart of miami is its cuban people in little havana. They are suffering big time here. Well take a walk down here to give you a guys an idea. This area is very dependent on cruise ships and their tourists as well as europeans. Cruise ships have not been able to be operating since march. This is really tough. This is the iconic theater here in little havana. It has been shuted this if you look at this, that is the park which is shuttered as well because of covid19. It is hurting businesses like this ice cream shop which is down 90 percent in sales since last year. The owner is using dry ice to deliver ice cream to stay afloat. Miami Miamidade County is not allowing any Indoor Dining which sues says is way too strict. Start us opening 25, 50. For the last two days, three days, we had 50 decrease in covid. So where are these people now . Reporter in earlies of it Florida Hotels demand that was down as much as 77 in april. It is down 45 come end of july. Some five billion dollars lost for floridas hotels. Miami beach right now is eerily quiet. We saw a man get ticketed yesterday, 50 for not wearing a mask even though he had it in his pocket. There is 10 00 a. M. To 6 00 p. M. Curfew in south beach but people are coming from pennsylvania, texas, ohio. They have to live their lives. Be respectful. Wash your hand and go on with your life. Reporter despite all this people are feeling bullish. 20 flights this winter, straight to florida beginning in november. Neil. Bryan llenas that is fascinating. There must be something to that. Jay stein has been busy reopening hotels and believes one in the florida area, i believe in miami beach. It is called dream south beach. Others opened up in durham, North Carolina. Weve seen others in california, nashville, tennessee, nyack, new york. A business responding to the slow opening in america. Jay stein, thank you for taking the time. Thanks, neil. Thanks for having me. Neil your hotels are themselves a destination and a draw that boutique, luxury arena. But you were stymied in some, you know cities and states where they were slow about reopening. Put enormous restrictions how you reopen. Update us now where things stand . Yeah, its been, very, very difficult. The most unique time in our industry. Ive been doing this over 35 years. Never seen the whole world get impacted by something. Everybody knows of course but weve been starting to reopen some of our hotels. Some of our hotels never closed. Dream international stayed open. The time hotel in nyack stayed open. We recently reopened the dream in hollywood. The Heritage House resort in men did i seen know, california. The dream in south beach is reopened. Unscripted in during ham, North Carolina. Durham. Well announce the opening of the dream in Downtown Manhattan the end of next week. We still have number of hotels closed in manhattan. Hopefully over the next couple weeks or months we get those open as well. Neil when you get a hotel open, can you explain the process . I know when restaurants are allowed to reopen, they have got limited capacity. Were even seeing it in College Dorms where doubles become singles. All of sudden they are technically reopened but at a fraction of the capacity they once were. How does it work in your business . Yeah. Same kind of situation. When somebody checks out we leave the room vacant for 24 hours. So that hurts the availability to sell the room. Some of the markets have mandated reduced occupancy levels down to 75 of max you can sell. So depends on the different markets that were in. But yeah, certainly and you know, most of it takes care of itself because there is not enough demand anyway to fill these hotels at the maximum occupancy. Hopefully that starts to move over the next few months and the demand starts to come back but weve got a long way to go in our industry. Neil you have some Pretty Cool Hotels that is to put it mildly. Jay stein, the green hotel group ceo. Hotels back in business. Some restaurants where theyre allowed to back in business, albeit limited business, all part of the continued trend and staggers and fits and starts across the country including schools. In new jersey, for example, one of the toughest states on this issue the governor just gave the green light for schools to reopen. He might have thought there was a good possibility for inperson classes. What he has learned is that schools will reopen, but not in person. Of the after this. Introducing stocks by the slice from fidelity. Now you can trade stocks and etfs 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. Stocks by the slice from fidelity. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Onceweekly trulicity is for type 2 diabetes. Its not insulin. It starts acting from the first dose. And it lowers risk of heart attack, stroke, or death in people with known Heart Disease or multiple risk factors. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. Serious side effects may include pancreatitis. Taking trulicity with sulfonylurea or insulin raises low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. Were committed to helping ensure trulicity is available and affordable. Learn more at trulicity. Com. Stuart forget whether we have College Football season with colleges opting out or finish the baseball season with rearranged schedules drawn up, with players and other Staff Members on various teams test positive for the virus or whether the nfl will be able to get off the ground with some 60 plus players now very reluctant to play given the coronavirus. It spreads to other sports as well, with concerns that they may go off but they could be delayed and they wont be like they were. Following all of this, Jonathan Serrie in atlanta. Hey, jonathan. Reporter our best hope getting back to normal is a vaccine and several vaccine candidates have entered phase three Clinical Trials but most experts say an approved vaccine will not be available to the general public at least not on a widespread basis until likely early next year. So in the meantime caution is what is directing our return to some of our favorite activities. Augusta National Golf club announced this years delayed Masters Tournament will take place in november but without spectators. Organizers say the potential risks of welcoming patrons and guests are too significant to overcome. The Kentucky Derby will allow some spectators when it gets underway in september but organizers will limit capacity to 14 of the derbys record attendance back in 2015. For other sports it is about keeping athletes in virtual bubble. The nba announced latest round of tests on 342 players on the campus. All came back negative. Playoffs begin on monday. As americans gradual lay return to the skies, they update the safety guidelines according to the latest science. On wednesday, American Airlines will require face coverings without exhaust vents. Cdc discouraged people to wear masks with valves or vents on them. They make it easier for the person wearing the mask to breathe but they dont do a great job exhaling virus. Not a smart thing to do in a pandemic. Neil put it mildly, my friend, thank you very much. Jonathan serrie in atlanta. We try to keep track staff tis i cans on cases, hospitalizations all of that, but the number of schoolkids who will be having in person classes virtual classes, right now as things stand, 54 of the nations students will be entirely virtual this fall. Another 19 will be working under a hybrid system where balances hybrid, balances virtual and inperson classes. Only a slither of less than a quarter are returning in person exclusion live to those classes. It is kind of wild. Leslie boggs is the national pta president. I noticed in my own state, leslie, of new jersey, they did say schools can reopen but it looks like it is going to be almost exclusively virtual. What do you make of all of that . Well, i think its a one size doesnt fit every community or every state and even within states, my home state of texas you will see some School Districts going virtual, some deciding to do a hybrid. Others will offer parents the choice of getting their children to school or staying remotely. So its all about having the conversation with parents and students about what how they feel safe and for us to give those schools the resources they need for them to be safe. So children can return to school. As weve heard in your broadcast, businesses are wanting to get going and are wanting things to get back. Neil yeah. But the word of caution is we will never be the same again in this nation. So what we have to be careful about is putting millions of students and Staff Members at risk. What we have to do is make sure that Congress Gives them the appropriate funding for resources. What i have seen in talking to different superintendents across the nation is that the funding that they gave them through the cares act was very much appreciated. And they have utilized that in most instances is to buy devices for students that didnt have them and making sure that everyone has access to those devices. The problem is, again, not everyone has broadband and Internet Access is a problem. There is a connectivity gap. We have statistics where 35 of nativeamerican students, 30 of black students, and 26 of latino students dont have adequate Internet Access compared to 18 of caucasian students. So we have a problem in our nation and we need congress to step up to provide additional funding so they have resources need so our country can get back on track. Were already. Parents want the kids in school. We need them to be safe. Neil yeah but you hit on something very profound, the earlier part of that answer. It is this notion that it is going to be different for a while. It is going, probably to be, this me taking this leap, but you know far better than i, it will be this hybrid nature of in person versus virtual, maybe more than a year. I hope im wrong but i think that could be the case. Your thoughts . It could be. A lot of it depends on, again, giving our schools the resources needed. You know i hear the talk of taking funds away from our Public Schools when they need them more n. O. W. Than ever before and were paying for not adequately funding them in the first place. Until we get them from where we need to be, parents feel like their students and parents can be safe in school you will see them stay at home. Even if theyre given a choice, if they know the schools dont have adequate resources they will not get back what we say as normal as before. Our country just wont be there. It is really time for everybody to step up and understand the importance and role that our students play in security of our nation. Neil best ever luck to you, leslie dogs, the national pta president. This is out at the beautiful state of california, if you like the services of uber and lyft . I will give you a heads up. They are possibly leaving in your state because of something going on in your state. After this youre slouching again, ted. Expired, expired. Expired. Thanks, aunt bonnie. Its a lot of house. I hope you can keep it clean. At least geico makes bundling our home and Car Insurance easy. Which helps us save a lot of money oh, teddy. Did you get my friend request . Uh, ill have to check. doorbell ringing aunt jonis here for bundling made easy, go to geico. Com. Hello . Where you can find games,y, gnews and highlights. All in one place, right on your tv. The xfinity sports zone. Use your voice to search every stat and score. Follow the teams you love. And, even get notifications with breaking news alerts and more. With the xfinity sports zone everybody wins. Now thats simple, easy, awesome. Say xfinity sports zone into your voice remote today. Neil all right. Lyft, the ride sharing service, the president on the wire saying the Company Might have to pause all its operations in california if forced to comply with a recent ruling that would reclassify its drivers as employees rather than freelancers. It would be very very costly. The president of uber was saying much the same, that they might have to pull out of california with this sudden snap decision. Keep in mind in the case of uber, i believe it accounts for close to 16 of the revenue that the Company Generates across the country, so leaving that state would be big news but they both are saying, that is uber and lyft, that this is way too onerous, you cant just flip a switch and get us to take all these workers, make them employees, set up something that would be acceptable to you and doit do it essentially overnight. They are saying they cant do it. If they force the issue, they are out of there. More after this. 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. Neil some of us may have a certain memory of the camp david accords signed at the white house under jimmy carter at the time. Anwar sadat, begin, our president is hoping to do the same. We dont know if it would be an outdoor signing on the south lawn as was jimmy carters in 1978 but the key principals are saying its just as big a deal and a significant move, at that, that could tempt other countries certainly in that region to sign on to normalizing business relations with israel. We will monitor benjamin netanyahu. He will be responding to all of this. Normally he starts his press conferences in hebrew so we will monitor that. When he appears in english in addressing this, its also about times he might be entertaining coming to the United States to sign off on this. We will of course keep you posted on that. Also keeping you posted right now on the latest snafu in this ongoing stimulus deal that is so far, far from a deal. Right now, democrats are trying to tie a lot of nailin voting funding into this. The president is saying that this is getting far afield even though hes also, you know, threatening to take action on some matters that bottom line could delay or maybe even prevent a deal from being signed and then the default would be some of the initiatives hes taken, the executive orders and calls that hes made to provide benefits to the American People, cut payroll taxes, i think you know the drill by now. One way or the other, he says it will be either his way, if they dont find talks resuming very very soon. All that and the crunch fitness ceo urging right now members particularly in new york to let the governor know that its time to get fit and open those gyms up. Lets see what kind of luck hes having. Hes coming very soon. All right. In the meantime, with the dow down about 21 and a half points, we have edward lawrence, who is looking at the stimulus negotiations and where theyre going. I didnt know that the whole mailin thing would get involved and immersed in this but update me. Reporter its directly involved in all of this. In fact, House Speaker nancy pelosi talked about it in her news conference, as a possible road block to Going Forward with all of this. For the first time because of all this, the president is now saying the republicans will be able to take back the house but the senate might be a little bit difficult, contested races in arizona, maine, North Carolina, georgia possibly, also five other contested races. This is all predicated on the mass mailin ballots that democrats are asking for. Listen to this. This will be the greatest fraud in history. This will be the most fraudulent, this will be almost as fraudulent as obama spying on my campaign but not quite. Reporter the president worries there are not enough controls and where the actual ballots will go and which ones get delivered on time. This issue as its rising, the economy may be settling into a recovery. For the first time in 21 weeks, the new claims for unemployment fell under one million people. It is basically a steady decrease since the peak last march. In a call with mornings with maria President Donald Trump predicting the recovery could turn to depression if former Vice President joe biden wins. If he wins, youre going to end up with disaster, to be honest. I see his plans. The new green deal is something that the likes of which nobody can even comprehend. Its like drawn by children. Its drawn by children. Its so ridiculous, okay. You go over point by point and they are actually serious about it. I used to think they were playing games, it was politics. I dont even think its good politics its so ridiculous. Reporter the president saying we would be looking at the largest tax increase in history if they won. The president also laying out a little bit more of what well see in his second term. He wants to slash the top rate for the long term Capital Gains to 15 . The president believes biden would increase that task. The basic idea from white house economic adviser larry kudlow is to get the burdens for companies and people to invest out of the way, thus opening up the full potential of the u. S. Economy. He points to the Corporate Tax cut that helped wages for low income americans rise faster than wealthy income americans. They believe the Capital Gains tax reduction would have the same effect as the investment money flows through. Back to you. Neil all right. Thank you very much, edward lawrence. Theres been a great deal of discussion back and forth about the importance of Kamala Harris now on the president ial ticket, whats sometimes lost in the sauce here is she is the first california democrat on a democratic ticket. Of course, we have had republicans on such tickets, Ronald Reagan comes to mind, of course. Richard nixon. But this is a first for democrats to do this. And have a californian on their ticket. So it is noteworthy in that respect, especially when you think of all the high tech power houses in that state. Susan li has been looking at that high tech connection of what the california senator and some interesting developments i guess going on there. Susan so wall street is relieved that its kamala and not someone more progressive like elizabeth warren. We know kamala has advocated for higher taxes in the past but also comes with close ties to Silicon Valley and tech billionaires which actually makes her a formidable fundraiser with access to deep pockets. For instance, the campaign raised about 26 million in the last 24 hours after her announcement. So kamala represents the home of Silicon Valley. She has big names donating to her campaign or hosting events for her in the past including sheryl sandberg, marc beniof, johnny ives, and airbnbs brian cheski. Those are some of the long list of tech titan names. One of her most vocal supporters is steve jobs billionaire widow, who tweeted her approval yesterday, writing joe biden, you made a great choice. Now, unlike sanders and warren, she isnt calling for the breakup of big tech but she has called for more safeguards around say user privacy and also in a town hall last year, called for social media to be regulated like a utility, which has gone unregulated for far too long. Shes also pushed for higher taxes, raising the highest tax bracket, she wants to, over 39 from the current 37 . She wants to hike the Corporate Tax rate up from 21 to 35 and an income based premium for households making over 100,000 and taxing every stock and bond trade. 2 on stock,. 1 on bond trades. Biden also wants to hike Corporate Income taxes as well. Not free Market Economics here but wall street thinks her Silicon Valley ties means the main drivers of this years stock market rally so far, with the s p very close to those records, will be protected if democrats win the white house this november. Thats the relief you are seeing there. Neil yeah. If theyre right. If theyre right. The party has been pulled left regardless on all of these issues. Susan li, thank you very much. Well, those issues notwithstanding, when i caught u up with democrat ic texas congressman al green on this, he welcomed the fact a black woman is on this ticket, end of story. 100 africanamerican leaders, this is an otherwise who strongly strongly advocated for an africanamerican woman to join joe biden on that ticket and essentially saying you are going to lose if you dont. So he did. What do you think . Its really been a special day for people like me to see this happening, a woman of african ancestry who is also multiethnic. This is something very special for all of us in this country. Neil all right. Kamala harriss dad was from jamaica, her mom from india, so she checks a lot of boxes there the democrats welcome to reflect diversity in our country. I want to get the read on this from vernon, who aniesis in a u position to be a voice for trump as a black adviser. It is a diverse world, to put it mildly. Very good to have you. What do you make of what the congressman was saying, this was a watershed moment and no doubt it is, but there are others who are saying that leave out the gender, leave out the color, leave out all of this stuff, there are those who are concerned that this will be a party, a ticket that will be hard left. What do you say . Thanks for having me, first of all. Let me say this. I think joe biden from the very beginning put himself in a box where he couldnt necessarily select the best running mate, the most qualified running mate, and when i saw that image of him and Kamala Harris onstage yesterday, i didnt see a bouquet of roses. What i saw was ckudzu and cactu. One is succulent and the other invasive, not necessarily in that order. Shes coming from a far far left state. Not only is she not in touch with middle america, shes not in touch with the business community. She wants to raise taxes at the same time she wants to bring more regulations. Thats one of the things that put this economy on steroids was when a businessperson, donald trump, came along and he removed a lot of these regulations that allowed more companies to invest, had record unemployment, more businesses were starting, new businesses, i would say, Small Businesses, and it provided an economy where people had job and Job Opportunities and business opportunities. She doesnt bring that. She gets an f rating when it comes to that balance between economy and supporting quality of life issues. Neil do you think that all these issues, notwithstanding that the president has any better chance to get more of the black vote than he did in 2016 or will it still be very very tough, even you know, joe biden drew these comments back, saying its a monolithic vote. Is it . Well, let me say this. Joe biden has a dream. If you elect me, then ill fix things i didnt do before. Help the black community, where i left them behind before. The difference between donald trump on the other hand, donald trump has a record in three and a half years, hes done more for all communities and certainly the black community than joe biden has in the past 49 years. Helping historical black colleges which im a proud graduate of North Carolina central university, even Kamala Harris graduated from an hbcu. If it were left up to joe biden and was left up to joe biden, they didnt do anything for hbcus like President Trump has done. Opportunity zone districts, we talked about that. Prison reform. I dont know who put the most africanamericans in jail, Kamala Harris or joe biden. They have a record of going and doing to the black Community Something thats not encouraging, not uplifting, its leaving them behind or putting them in jail. So they have a lock on the black vote, lock them away in jail. Shes not bringing to the ticket what they thought she was going to bring and the reason why they are bringing her is because they realize that donald trump is encroaching and getting more and more black voters. He has a record of helping them. They are seeing it in just three and a half years and thats what they want, someone who is not going to take their vote for granted and get things done for them. Neil but it has been showing up in polls, right . You could be right and these polls are wrong. They were wrong four years ago. But if they were supposed to reflect their gratitude for the stuff that youre saying, it is not evidencing itself yet. You are quite right it could, in november, but its not. Does that surprise you . Heres why. If white voters come out and say they are for donald trump, they are called racist. If black voters come out for donald trump, they are called sellouts. Uncle toms. They dont share the values of the democratic party. So those silent majority folks are going to go to the polls and do what they did in 2016. Donald trump is the president. When polls during this time four years ago were saying he was lagging far behind hillary clinton, so the climate now where you cant even have your freedom of expression without being attacked, so many voters recognize that and they just dont want to say anything. Going back to Kamala Harris, for so long shes been saying shes indian. Shes not indian anymore . She became africanamerican or black when it became convenient for her. And just because her record speaks for itself. Even black voters are not connecting with her. You saw that going back to the president ial campaign on the democratic side, where she came in literally last place and only thing that was left was what, white men, old white men. So she is not bringing to the ticket what they think shes going to bring. Neil i believe she pulled out before the first caucuses or primaries but we will see what happens. Vernon jones, thank you very much. Georgia state representative, much much more. Thank you, as always. Again, for those of you who are following these developments on this peace deal, normalized relation deals between israel and the united arab emirates, we are following benjamin netanyahu, israeli prime minister, who is addressing that in hebrew back in israel. The president announced this earlier today. We are following that very very closely. In the meantime, our former ambassador to germany weighed in on the significance of this a few minutes ago. Take a look. I think for sure others will follow. We should quickly pursue lebanon. The reality is, neil, that we have been working on a peace deal this peace deal for a very long time. Neil all right. David ruben joins us now, the former mayor of [ inaudible ] israel, part of that Historic West Bank in that its in the west bank we are getting signs as part of this deal israel will slow down annexing territories in that region for the time being. Mayor, very good to have you. The significance of israel agreeing to do that, what do you make of it . Well, first of all, its significant but i wouldnt read too much into it. You have to understand that this deal is huge. President trumps tweet was not an exaggeration. It is huge. Because there have been covert relations between israel and the persian gulf countries including the uae and saudi arabia and thats been going on for several years. I wrote about it in my book trump and the jews but the truth is that this move is very significant at this time because the uae is situated geographically opposite iran. Its adjacent to saudi arabia and opposite iran, and the struggle against Irans Nuclear program and irans aggression against its neighbors was the wheel that drove this Peace Agreement. Neil mayor, right now, with this deal, israel has normalized relations with egypt, jordan and of course, the united arab emirates. I had the former ambassador to germany, rick grenell, say he thinks lebanon will be next. Do you agree with that . I dont agree with that at all. Hezbollah is controlled by iran. Hezbollah is a terrorist organization that dominates iran excuse me, that dominates lebanon and that is financed by iran, was established by iran, and in fact, that big blast the other day was most likely ammunition or explosives that were being stored there by hezbollah. Hezbollah controls iran lebanon. Iran controls hezbollah. So no, i dont think lebanon is next. I think saudi arabia may be next. I think one of the other persian gulf countries may be next. By the way, let me just point out, in reference to your earlier question about sovereignty, israeli annexation over parts of the west bank of judea and somaria, i believe thats going to happen before long, okay . This is a shortterm suspension that israel is making in order to come to this agreement. They had to throw a bone to the uae and thats what actually happened. So there is an agreement, there is a suspension of the sovereignty move by israel in the socalled west bank, but because of israeli Public Opinion that is moving in that direction, that sovereignty declaration is going to happen, it may just happen a little bit later. Neil but do you think the uae knows this, that this is not, you know, this is just a tentative short brief measure, and that you will resume that because that might complicate this, right . Well, look, the relationship between israel and the uae has been going on for some time. There have been covert relations. They have no illusions. Its like when the United States moved its embassy to jerusalem. There was a lot of talk about how it was going to create rioting and, you know, all kinds of rebellions in the arab world and the breaking off of relations between israel and jordan and the Peace Agreement with egypt. Nothing happened. There was a lot of shouting, but nothing happened. I think what this does, what this deal does, is it puts an end to the illusion that we have been told all of these years that the palestinian issue is the crux of the problem in the middle east. Peace in the middle east will be achieved when israel has peaceful relationships with all its neighbors and when we dont have illusions about israel and what israel is and what israel represents and israels rights over its historic land. And what the Trump Administration has done is to put an end to that illusion. The Trump Administration has made it clear, and this to President Trumps credit, he took the lead. Obama and biden for eight years, all they did was create tension with israel and there were no peace moves of any kind. But now, President Trump and his three and a half years has done tremendous things to strengthen the relationship between israel and its neighbors and at the same time strengthened the relationship between israel and the United States. Neil mayor, very good catching up with you. Thank you very much for taking the time. Thank you, neil. Neil all right. Now, in the meantime, we are focusing on the states that are slowly continuing to reopen right now, but some businesses that cannot reopen, including a lot of gyms. The guy behind the crunch fitness, the ceo, on what hes telling his customers to do. After this. What happens when a wireless carrier puts its customers in charge . Well, the good news gets shared. And it gets rated 1 for customer satisfaction. But dont just take our word for it. Take theirs. Its your wireless. Your rules. Only with xfinity mobile. Call, click or visit a store today. I appreciate what makes each person unique. Thats why i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Neil all right. If you like to work out you are probably having fits about not being able to get fit, because your gym has closed. Its kind of the case in a lot of states in this country, very much in new york state. So the ceo of this next company, by the way, i forgot this one, the amc thing. They are going to have reopening, i apologize for this, my producers did tell me this and i forgot. They are going to reopen and when they reopen, its going to be for 15 cents. Tickets are 15 cents. I dont know how long they are going to have that opening day 15 cent thing or for days, but thats to sort of draw you in. Amc had been on the vine here looking like it could go bankrupt and whathave you. Again, thats to entice you back. 15 cents. Now the other thing i was just getting into about gyms across the country. Where the odds of finding one thats open or at least in a state where they are all open without any restrictions at all, good luck with that. In new york, its so bad that the head of crunch fitness was saying you know what, maybe the better part of valor for our customers is for you to write and let Governor Cuomo know that this isnt going to fly, you should do something about it. Keith worts is the crunch signatures fitness ceo, joins us now. Keith, explain how you got going on this. You were saying all right, my customers will make the point. Are they making the point . They are, and good afternoon, neil. Thanks for having me on. You know, so we have been trying to educate and collaborate with various government leaders across the country and while we applaud the work that the governor here in new york has done to safeguard lives and get the virus under control, we have been in a Positivity Rate of 1 for the last 60 days and we are disappointed last week with the governors statement where he came out and said gyms are highly problematic and look, we are part of the solution. We are not part of the problem. When we ask for the data that supported that statement, what we got did not in any way support it. And say that gyms are highly problematic. Neil what do you do to make it if hes right about that, obviously you disagree and others do as well, i should stress, what do you do to safeguard your gyms and protect them . Some fear that gyms are ripe for spreading the virus. How do you limit that . Yeah. We can understand, lets call at this time visceral reaction some people have to gyms reopening. But the reality is, we have opened up 175 gyms across the country and with the proper protocols in place, gyms can reopen safely and some of those protocols are fairly simple. Just creating an environment where people can social distance, where its easy to social distance. Weve got signage up across the gyms, we are doing temperature checks where necessary. You can disable equipment so unplug a piece of cardio or two along the way so members can hop on a piece and not worry about someone coming up next to them and working out. We have added cleaning and disinfecting stations all across the gyms. We have limited capacity and occupancy, where its necessary, and perhaps most important, you know, gyms are set up really well to do contact tracing. Our checkin systems identify and theres a time stamp associated when members check in. So if needed, we can contact those members. Neil keith, has anyone heard back from the governor . Not directly. And this decision in new york is 100 his. Thats what we have been told. We have been working with various state senators and state assembly men, but i can tell you theres 2,000 gyms in new york state that are highly frustrated. They employ almost 90,000 people, you know. We had to furlough 3,000 people at crunch. We have been closed for five months now. Thats five months of rent that we are obligated to pay. Thats over 15 million for us. So this is very important that the governor listen and realize that gyms can be part of the solution here and we shared with him and his Administration Data that support that notion. Neil yeah. Just have him visit one of your facilities. He might be convinced with that. Keith worts, crunch signature fitness ceo, thank you. Best of luck with this. Thank you, neil. Neil all right. We were talking about new york state and whats going on. In new york city, just leaving gyms aside and whether they can open or not, presently they cannot, the bigger issue is the number of people fleeing the city and dont apartment owners and landlords know it. Rents are tumbling. The availability of apartments is at a record high. After this. We made usaa insurance for veterans like liz and mike. An army family who is always at the ready. So when they got a little surprise. Two . They didnt panic. They got a bigger car for their soontobebigger family. After shopping around for insurance, they called usaa who helped find the right coverage for them and even some muchneeded savings. That was the easy part. Usaa insurance is made the way liz and mike need it easy. Its got all my favorite shows theturn oright there. Boom,it i wish my Trading Platform worked like that. Well have you tried thinkorswim . This is totally customizable, so you focus only on what you want. Okay, its got screeners and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. Neil it is called the magnificent mile in chicago but it has been anything but that over the last couple of weeks. Escalating violence and protests the likes of which have now prompted many businesses there to say we are getting out of here. Grady trimble following all these fastmoving developments in chicago. Grady, whats going on . Reporter well, neil, normally the mag mile this time of year would be filled with shoppers, bags in hand. Now you see businesses boarded up like this one. There are some people out here but they are simply not shopping. They appear to be just locals or people checking out the damage from the unfortunate looting of the past week. Its gotten to the point where some elected officials in the chamber of commerce here fear that some of these National Retailers will leave the city for good, that they wont reopen or they will simply abandon the city because its too much of a risk and its not just these National Retailers that we see out here on the mag mile that are concerned. Its also Small Businesses. Take a look nationally. Only about half of all Small Businesses across the country are reopened fully. The other half are partially open or closed entirely and in chicago, theres all of the normal pandemic fears for businesses, and then thats been compounded by this unrest that we have seen lately. Take a look at jean and georgetti, its been in chicago for almost 80 years. Recently its dealing with capacity limits as a restaurant, then this past week it was looted once again after already being looted back in may. So the owner there really just struggling to stay afloat right now. Devastating isnt even the right word. Its exhausting. Because you dont what else can you do . You cant control that. Its out of your hands. I think thats the most frustrating part, theres nothing we can do as an owner to prevent that or steer a course around it. It just comes at you and thats it. Reporter after mondays looting, a local Property Management company sent a letter to the mayor of chicago, lori lightfoot, expressing concern that the residents here in this area and all across chicago, they are concerned. They are changing their habits, theyre not going out after dark because they worry what could happen and we are seeing that change in habits here on the mag mile partly because pandemic has impacted tourism to this area, but also because people just arent out and about and even if they were, stores might not be open for them. Neil i can well understand. Grady trimble, thank you very much. Grady in chicago on all of that. Count liz peek not at all surprised. She sees the escalating violence we have seen in a number of cities has sort of a cascading effect. In new york, for example, where rents are tumbling, they are down 10 . Right now, a Record Number of unoccupied apartments. So this is following a theme, liz, that people want nothing to do with some of these big cities. Some addressing crime, others of course postvirus. No matter how you slice it, not good for these cities. No, its not good for these cities but heres the thing. It didnt just start with the coronavirus. There have been people leaving new york city for some time now, really ever since deblasio weakened the law protections that we all have. The quality of life in new york city has gone straight down. If you have Homeless People squatting on your doorstep, you wake up in the morning to the mess that theyve made day after day and you call the police and nothing happens, guess what, eventually you pack it in, you sell your house and move to florida as some good friends of mine did. I think that really, the most discouraging thing, look, we all put up with high cost, high taxes and so forth, tfor the conveniences of living in a big city. Lets face it, there are not many attractions to being here. You just did a story about gyms closing, gyms are closed, restaurants you cant go into inside, broadway is shut down. All these reasons that many people put up with new york citys aggravations which are plentiful are now disappearing. So i mean, i think this is a really tough time for the cities but the number one thing thats wrong in chicago, in new york, l. A. , et cetera, is the democrats running these cities have no [ inaudible ] to make things better. Until that changes i dont see things turning around. Neil i was talking to a number of people, big new york city enthusiasts, youre saying thats what they said would happen after 9 11 and business and activity mushroomed again after that, same with the financial meltdown, same with the 87 crash, of course. You name your period where there were problems and everyone sort of had written off say new york city, turned out they were wrong. I never like to say its different this time but heres what makes me think it could be different this time. The companies have crunched the numbers on people who can do their work from home and found they dont need all of that office space, they can certainly adjust and do just as well with the arrangements that have been sort of like [ inaudible ] throughout this whole crisis. Thats part of it, too, to say nothing of the visuals we get of crime and demonstrations and riots and all the rest. Its a onetwo punch. Yeah. I think thats totally right. The fact that people are working out in the suburbs in big spacious homes where their kids can run around in the yard and the schools, by the way, are probably opening as opposed to the schools in new york and they dont cost 50,000 a year like a private school, a lot of those people send their kids to. Its a pretty compelling case. Its interesting because most businesses that i have talked to or have people who have talked to arent going to reopen really their offices until the beginning of next year. Everyone is concerned, yes, about the virus. They are concerned about things like elevators. No one has figured out how to fill an Office Building when you have only four people at a time going up an elevator. These are sort of simpleminded things but until we get a vaccine, i dont really see how that gets fixed. Neil thats a good point. Liz, thank you very very much. Liz peek on all of that. Juxtaposed against liz, of course, is a look at sixth avenue right outside our corporate offices in midtown manhattan. Still kind of a ghost town. That aint changing. More after this. 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. 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. Neil you know, people have all sorts of ways of forecasting election results, how do people feel about the economy usually in late summer, Early September is another one that sort of takes a look at whether across the nation is mostly favorable going into labor day weekend. That is a sign that the incumbent will win. It gets crazy. I agree. But the other one that has a little bit of currency to it because it involves currency, it involves money, are the markets. If 90 or so day out they are doing okay, and these certainly have been doing okay, then forget the polls, whoevers in the white house is going to stay in the white house. Its not quite that black and white. I dont know if its 100 . But i know Charlie Gasparino knows. He follows all these market, you know, legends and all the rest. I guess its sort of like an expanded super bowl indicator. What are you hearing and what are these markets saying about how the election could turn out . Charlie you said its not 100 but the wall Street Research firm strategists and our good friend that runs the place says its Something Like 85 accurate that if in the three months, so you go back to august 3rd, to november 3rd, in those three months, if the market if the s p is up essentially, the incumbent wins. And i find it fascinating because i mean, lets do a little logic here and just unpack this a little bit. Were in uncharted territory. This 85 number has been good since i think the 1920s, according to strategists. We havent had a pandemic since, you know, since 1918. So its a little different in terms of what has gone on. This is a very very unique situation, whats happening in the u. S. It has saddled the incumbent, that being donald trump, with both, you know, with the virus, the pandemic, and as you know, a very deep recession. That being said, the market is still pricing in some degree of optimism. Heres the thing, neil. If you watch the media, if you look at the polls, you would think that joe biden is the president , Kamala Harris is now the Vice President. The markets, if that were the case, the markets should be pricing in massive Capital Gains tax increases, because generally joe biden, if you believe these polls and hes this far ahead, would take the senate with him, he can run the slate which Capital Gains tax increases, Corporate Tax increases, increased regulation. That would have to precipitate a Market Correction in some respect. That doesnt mean the markets wont come back if his policies bear some fruit later on. But that would have to be a market the markets would have to react to that. But they are not. They are not reacting to that. As a matter of fact, they have been up and the economy is getting somewhat better, as you have seen from unemployment claims today. That is reason to believe that the markets at least, the sophisticated investors, are saying a couple things. Number one, trump may not win but its going to be close. If its close, the republicans could hold on to the senate and who knows, he might win. Thats what i think these markets are saying and i have been bouncing this off of plenty of smart people lately and they tend to agree. Again, neil, theres a lot of reasons why markets go up. Right now one of the reasons why the markets up is because the fed is easing, you know, so immensely and theres 0 Interest Rates and where else you going to put your money. I get all that. There would have to be common sense wise if you really believe joe biden had this locked up, you would have to start pricing in all those tax increases, all that regulation, all that impact on companies and its just not happening yet. So maybe it will happen after labor day. It should be starting now, though. Thats at least what the strategists numbers say. You got to look back 90 days before the election and the election will be held november 3rd. 90 days before that is august 3rd so the market and the s p since august 3 has been up 2. 7 . So again, a reason to believe this aint over until its over. The markets are clearly saying trumps got a shot. Back to you. Neil thank you, my friend, very very much. Charlie gasparino on all of that. Apple of course defying all odds here, politically whether you look at the cycle of the election or not, at an alltime high right now on news that it wants to leverage the brand a little bit. But you wont believe how its leveraging it. Competitors, watch out. You doing okay . Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. I appreciate what makes each person unique. Thats why i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Neil we know the coronavirus changed the way we live, a lot of people started saveriing mor money but the one thing that blew me away, Kristina Partsinevelos is here to report on it, is the consumption of meat during the virus. It went down. It continues to go down. I did my best to counter this trend but apparently i was in the distinct minority on this. Kristina, whats going on here . Kristina i wish you could have been the reason why we saw this trend continue but for the past 60 years, we have been eating meat in america but that trend has finally stopped in 2020. Why . Because of the coronavirus and the fact that you have plantbased alternatives like these burgers here which is why im at ps kitchen next to times square, a vegan restaurant. I spoke to the general manager about why this is so popular, even meat eaters like it because of the meaty flavors. Its a couple different products but the beyond Meat Products that we use, they are mostly green pea protein. There is no soy, no gluten. Kristina neil, like you, americans are meat eaters but meat production has actually declined 18 from may 2019 to may 2020. And we are expecting meat sales to drop by 20 billion by the end of this year. That means those plantbased Companies Like beyond meat are doing very well. We take a look at the share price, it has climbed well over 100 just since march. Goldman sachs just increased its price target as well. Then privately held impossible foods, they Just Announced they are expanding into walmart, into target, and then youve got the big investors with lots of cash, you had roughly 1. 4 billion going into 20 startups that make meat alternative products, everything from labgrown protein to protein you can get from volcanic microbes. Its not just all these fake meat alternatives. You also have tyson foods, hormel, even Kentucky Fried Chicken is making fake Fried Chicken in 50 locations. Pizza hut is getting on the band wagon as well. Like you said, the pandemic is starting to shift some habits and you can see that it looks very very realistic. I know you would love to try it. Neil it looks good. Yeah, i have tried the impossible burger. Its pretty good. Its not going to have me abandon meat. Dont go crazy. Im not like you. Im not this Health Fitness eat everything perfectly right but man, oh, man, theres something going on. That was a great update. Thank you very very much. She takes very good care of herself. She will live to be like 150. Really, eating everything healthy for 150 years, is it . More after this. How they gonna pay for this . They will, but with accident forgiveness allstate wont raise your rates just because of an accident. Cut is that good . No you were talking about allstate and. I just. When i. Accident forgiveness from allstate. Click or call for a quote today. Before money, people traded goods. Tools, cattle, grain, even shells represented value. Then currency came along. They made it out of copper, gold, silver, wampum. Soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. Thats why its time for Digital Currency and your investment in the grayscale funds. Go digital. Go grayscale. Find a stock basedtech. 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. Neil before i hand it off to my buddy charles payne. Very good news to end the two hours. So much bad news all that. Dunkin donuts is bringing back Pumpkin Spice coffee and doughnuts. Normally waits well into the fall. It will start next wednesday. You can get a variety of doughnuts of the pumpkin variety. You can get the pumpkin coffee. All the Little Pumpkin extras. Hope springs eternal. I think you needed to do that. What about my investments. What about this . Have a doughnut. Have a latte. Trade up. Hope springs eternal like i said. There is good news out there. Cnn isnt covering it. Cnbc isnt covering it. I just covered it. Charles payne, to you. Charles only problem, neil. Like i got an hour. You have an hour head start to dunkin donuts. Neil i will bring some to you. I will bring some to you. Charles thank you very much. I appreciate it. Good afternoon, everyone, im charles payne. This is making money. Breaking now President Trump i built the greatest economy in history. Greatest job numbers. Greatest stock market numbers. Nobody ever seen it. I was cruising to election. Charles President Trump that the American People know it was the pandemic not his policies that crashed e