Transcripts For FBC Cavuto Coast To Coast 20240712

19 years, fears thing, fears now, im neil cavuto, lets get the very latest on the significance on this day, not on anyone who are alive and remember quite well those who lived on the new york metropolitan area and washington, d. C. Orienting still pennsylvania, hillary bond with the later on some very special visits today. Neil the president says 19 years ago today when the men and women on board united flight 93 charged the cockpit causing the plane to nosedive into a field here in shanksville pennsylvania, it was a show of courage by Everyday Americans that took down terrorist save in the u. S. Capital and also sent a message to the world, america ih fighting for and defending until the very last breath. Flight 93 did the most american of things, they took a vote and then they acted. Together they charged the cockpit, they confronted the pure evil and in their last act on this earth, they saved our capital in this pennsylvania field, the 40 intrepid souls of flight 93 died as true heroes. Before the they paused a 46 00 a. M. Stated aboard air force one for a moment of silence to remember the exact moment when the first plane hit the first tower on septembesept, 2001 and todays service looks a little different than years past due to the pandemic, the event was an intimate ceremony close to the public at the request of the families of those who died in order to comply with Public Health guidelines. But just like years before the ringing of the bell of remembrance hung in the air as one by one the 40 names of each hero on board flight 93 were honored and the president told stories of americans who died but not just here but also in new york city Arlington Virginia and Vice President pence attended ground zero in new york city along with former Vice President joe biden, they greeted each other and talked for a moment before the ceremony began, biden saying today is not about politics, its not about campaigning, its about honoring those who sacrificed their lives. I will not talk about any other news the 9 11 is a solemn day and thats how were going to keep it. Biden is making his way here to the National Memorial of flight 93, he will not be a part of any formal ceremony that he will come here to pay his respects. Neil hillary bond thank you very much, reflecting on events that happened almost 20 years ago, 19 years ago to the day specifically to real worries and concerns right now, course and the corporate 19 world, the reality for manhattan is getting people to return from manhattan a good many had not been going back to the city for fear that the covid19 thing is not over and theres a lot of violence to demonstrations as well and its pretty steady stream of news that has a lot of workers that d to call the big apple their corporate home leery of going back to that even though the likes of j. P. Morgan and Goldman Sachs and the drugmaker are saying now is the time, can they force that issue and what is the fallout as they are trying to do so, Jacqui Deangelis following all these developments as were getting a good view of times square. Good afternoon, the ceos are now appealing to mayor de blasio insane basically you need to improve the quality of life in new york city so our workers can come back and feel comfortable doing so. As you mentioned its not just the coronavirus issue, its a crime and safety issue that people are worried about as well, more than 160 major companies, ceos handed this letter to the mayor, macys, mastercard, lowes and blackstone as well, part of the message stated this, we need thisend a strong message that or customers, clients and visitors will come back to a safe and healthy work environment. They are asking for immediate action, there aware that there are economic challenges but new yorkers fleeing the city in businesses getting crushed is certainly not going to help the Economic Situation going forward, i recall that near cities they jus latest budget was 5 billion from the nypd, 100 million from the department of sanitation as well as other major cuts that were really important to the citizens here. As of last month, less than 10 of the citys Office Workers were actually back at their desks and the plans to bring them back our varian, you mentioned Goldman Sachs and morgan stanley, they are working on it, jamie dimon, ceo of j. P. Morgan chase asking the floor managers to come back by september 21 after six months of remote working, the spokesman for mayor de blasios office, rather his press secretary said this we are grateful for the Business Community input and we will continue partnering with them to rebuild a fair better city, all eyes on what the mayor is going to do to deliver on that promise. Neil what does a better fair city mean, better than what we got now where people are scared to go on the streets, fair to the workers who are scared for the very reason, i dont get it. Thank you very much, Jacqui Deangelis following all those elements. Looking at the economic input, the chief economist and much, much more, anthony i dont know whether the reassured an assurae from the local government government leaders, its good to come back, we want to back in the part of the corporations to get people back is more than the virus, this is morphed into general trepidation about returning to city specifically like new york, what do you thi think. I think everything that you said certainly bears a lot of merit but went to get the critical mask and you get more people in the city, all of a sudden tax revenues start to increase and people see more people Walking Around the streets, things are going to be a lot better, i live a block away from the Empire State Building and its been very sad walking out and not seen all the tourist and the critical mask but someday that will happen and i think j. P. Morgan because i spent 25 wonderful years working for understands that. I think they are taking a page out of the Woody Allen School of business where you said 87 of success is showing up. I think you need to see people showing backup but one thing to keep in mind, we learned a lot about the virus from how to treat the virus, how to be able to protect herself from the virus and i dont think were going into this into a vacuum, we learned and most of the major firms are going to do it in a phasing process, that means they will adjust if conditions change. I think its going to be done under a responsible way but i applaud wall street in its effort to make this work. Neil im sure there will be other firms of all of the two big Financial Firms like the drug industry giant right now that is looking at doing the same and right now and we think a part of that is getting back to the office. But a good many people are going to be reluctant interfering no doubt for the job or employment security, how long do you think the understanding on the part of employers goes, i think it j. P. Morgans case has said those with young kids are those who have outside conditions that might make them vulnerable as far as exposure to the virus can hold off but i wonder how long the patient last. I have a lot of people that work in the Financial Sector instantly on wall street they keep telling me that the companies are being very patient in the beginning and the answer to the questions, they will be a function of how safe a bit to get back to work. And we see people are going back to work in the number of infection start to rise and the patients will be elongated, if all the sudden people start to go back to work in many of these companies are saying were not going to bring everybody back to work, we will do it in phases and people that preexisting conditions and things like that, maybe dont want to go to work and others the have to go to work may go when part of the week and as we gain more confidence that this is working then youll see that companies will be more anxious to have the employees, ive not heard of any company whatsoever that are basically being rigid and their directors and acting employees, their being very flexible and they will adjust the flexibility on how safe is it to get back to work. I think its a right thing to do. Neil good catching up with you, we will have the former new York Police Commissioner to talk about the ideas expressed by local government leaders to try to entice people to come back. But also recognizing the fact that not enough will and the offset of that is raising taxes and cutting spending with the case of most of the cities doing both. Stay with us. 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. Lookentertainmentour experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Neil here we go again a little more than seven weeks away, lets go to edward lawrence, what is going on here. Microsoft say majority were stopped by their systems, tax aimed at influencing the 2020 election, the company saying they want to make sure everyone knows as we get closer to the election year, a blog post announcing that microsoft will defend democracy and they will add the activity that we are announcing today that makes clear that foreign activity groups have stepped up their efforts, targeting the 2020 election, microsoft says the attack attempts came from three countries, the u. S. Butted heads with russia group targeted more than 200 organizations including political campaigns, highprofile members of the Biden Campaign as most prominent members of International Affairs community, the Iranian Group tried to hit People Associated with the Trump Campaign for president. This is exactly what National Security advisor Robert Obrien has been warning about. China is a serious threat to our election, iran is a serious to the free and Fair Election and reporting on not just what russia is doing but what china, iran and other bad actors are doing. He is talking with bret baier. I tell you russia and china have said they are not involved in this, releasing statements, the statement from the Russian Foreign Ministry Says this exactly the Russian Federation did not interfere, is not interfering and will not interfere in any way, the similar statement from the chinese say the u. S. Election is an internal affair and we have no interest or intention to interfere but microsoft in u. S. Intelligence agencies saying otherwise, microsoft again wanting people to know, be careful as we get closer to the election for the things that you click the phone because you get and giving out the passwords. Back to you. Neil thank you very much, over in washington, the foreign threat 19 years ago are still out there, they just take different forms and make different targets, the former nypd commissioner is on the phone, commissioner its different than what we dealt with 19 years ago but the threat from beyond is still out there. We just forget it sometimes, dont we. You are absolutely right, as far as today one of the commissions to make sure that we never forget but if you look at the assessment of the public of Homeland Security and the fbi, they see domestic terrorism of being on the same level of international terrorism. But we have to have a 360degree defense to look at whats coming our way. Neil i wondered if youre a bad guy from abroad or even in a sinister sell within our country and youre looking at the law and order issue that is excluded right now and the fact that so Many Police Department budgets are being targeted as well, very few have been hit as far as defunding the reallocation of funding seems to be the new focus, you are liking this, youre liking the evil law and order in this country and seen opportunities, arent you . Absolutely, most Police Departments have been set back, defunding has in fact happened, happened in new york city, mayor de blasio took a billion dollars away from the Police Department and he is very proud of it. There is a lot of turmoil and a lot of anxiety and certainly there is aggressiveness on the part of Law Enforcement agency and concern about being sued and arrested so this turmoil only plays in the hands of our enemy. Neil to your point, i told you a lot of people, friends of work and financial giants who are saying it is not the virus that scares me when i have my boss telling made to get back to work, j. P. Morgan chase in at the trading desk to make their way back to the city by the 21st, none of that worries me about the virus, i think were taken all the precautions that we can to deal with that in a diligent way. It happened to the city and the rise in violence in the homelessness, crime itself that is made the city of very different place than it was six month ago, that is whats got them concerned about going back. What do you think about that. I think youre absolutely right, 160 liters of business for mayor de blasio asking to do precisely that, you know that they have been talking to him individually and then come together collectively and do this in a public way and it means that they have no response. He has been a disaster and i dont think anything unfortunately in this event its been a big of a crapshoot, he seemed virtually nobody on the street as you know and his automobile, the worst thing you know the city has a very different field than six month ago people are anxious and worried about their own safety and so as a Business Leaders are concerned, that is one of the reasons why people are reluctant to common and go back to their normal way of working and is why they want to take office over. Neil its different this time but unlike 9 11 or even the financial meltdown were despite naysayers, the city did come back and the jobs returned and confidence to come back as well, this is a little different, they had a little bit more say power not to the very least of the law in order issues in the antibusiness climate in new york with a 160 some cios were belaying to the mayor, its not a hostile place, the great city, i love it but its not the same city. And its about the environment that existed in 9 11 and the financial meltdown. Those are very serious hits, this speaks to something bigger, not terrorist issues but something every day walk of life safety issues. It is much more longlasting. 9 11, life believe it or not when back to normal to the event canal street, restaurants are open, people are living their lives in the other boroughs of near city. Now the problem of the city are all over the five boroughs. People are moving out, people are moving out in significant numbers, de blasio has lost the Police Department, they are reluctant to take proactive measures just or six or eight month ago. And im certainly in the short term that the city is turning self around. Neil even without warning i always enjoy catching up with you getting a good read of things, it is like a blinder off you of the world and what i think Everyone Needs to hear no matter where you are. The former Police Department commissioner and the great city of new york. Thank you, sir. We talk about how things are going with the economy and businesses are returning into other locales and Goldman Sachs has been crunching the numbers, one of the firms that want people to come back by the 21st or soon thereafter and at the top of the forecast, the quarter were in and the growth we will see the blows away all of their estimates out there, they are all double digit gainers, goldman see something that makes you wonder, what are we missing that you are seeing or vice versa. After this. 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. Stock by here . Lice from fidelity. Nah. Here . Nope. Here. When the middle of nowhere. Is somewhere. The allnew chevy trailblazer. 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. Neil most economists have been talking about the Third Quarter that its going to be a big comeback versus a year ago and certainly versus the quarter before we were all but shut down, 35 uptick in thirdquarter growth, thats Goldman Sachs putting out there, that is a double what some other estimates, although the consensus among major investment teams to be 18 24, it seems a little heavy on 35 but the jobs numbers weve been team. The former Federal Reserve board of governors and much, much more than that. Randall always good to have you back. What do you think of that, thats a pretty optimistic forecast. Is ahead of where everybody elses, we had a better jobs report than most people had expected and consumption this is further than many people expected, its a bit aggressive in the main challenge, this is an unusual time, last quarter the gdp decline by a third, and increased by 25 30 in the one quarter bounced and in some sense it does not matter that much, it is really the longer term, where will we be at the Fourth Quarter of next year. Neil by then, those numbers even that would be a wash year comparing Third Quarter, Third Quarter. So its what youre used to interfere shellacked as much as we were the First Quarter to reverse that youll come back mightily. But i want to get your read on the overall trend, obviously by goldman and j. P. Morgan and a host of other biotech players that are similarly saying wed love to have you back to work and saying it would be a good idea to get back to work, that is a good development, some employee concerns notwithstanding, what you make of that and that trend . I think trying to move things closer to normal although normal will be very different than it was before, i think thats a positive as long as consumers are comfortable for going out shopping and workers are comfortable with coming back to work, well have to see because theres still a lot of concerns about health but the more normal we can return to, the more likely we will get back to where we were which means pretty strong recovery of gdp although will still probably be behind for a while where we were before the virus hit. Neil you dont have to give away Company Secrets but how closely are the markets watch, i picture you guys gathered around the set hiding your nails if her in the middle of a saloon, how much of the policy and rate guidance was based on how the market would respond . I think the way the fed tries to think about it they look for the information coming from the market, if the market is moving rapidly they want to understand why, that does not mean that i will always respond, they went to see was underlying, like what happened in february or march, the concern that the fed had his markets were declining out of fear, fear that the treasury markets werent working and people cannot sell things and people cannot sell Treasury Security in the split market they will dump everything, they intervene because it was fear that was driving in. But a particular level of the market whether the s p is the current level or 5 above or below that is not what the fed is focusing on. Neil im going away into politics here, youre very good at avoiding the subject, maybe for your harvard and brown background, that always amazes me. There has been a theory out there that the markets are hyperventilating because of the election, they do not know which way to go, they are concerned and if joe biden were to come in with his policies and that that is going to unnerve them and they look at the Federal Reserve as a backstop that will weather this no matter who gets it. What do you think of that. I think the fed is a study place in a potential storm, i think jay powell and his colleagues are very levelheaded and they wanted to whats best for the American Economy regardless of who may be an officer who may control the senate and the house and theyre trying to think about the issues and i think theyre going to try to study things, will they be able to, thats another questi question, the fed is a very powerful institution but no means allpowerful, fiscal policy, tax policy, regulatory policy, those are big impacts to, the fed is important and it helps to stabilize things in the short run but in the longer run the other policies are much more important. Neil im going to push my luck, will the fed think wisely of raising taxes in an environment that Jerome Powell just recently put in his latest statement to be unpredictable . I think you would think that would add to volatility, right now powell has said its important to provide worse fiscal support in the economy at the moment and part of that is because the fed does not want all the burden to be put on then if things turn south and they want in some sense the burden to be shared among different policymakers rather than everything being put on the soldiershoulders of the fed andm sympathetic to that, the fed is powerful but cannot do everything on its own. Neil thats a very judicious response, thank you very much. Well said and well put. Former Federal Reserve of governors. We will be reminding them, the dow caught its way back, 154 points, little less focus on what the market is doing and remembered what was going on 19 years ago today, by this time the markets had closed and would be closed for another four trading days, the big board was trying to write itself, you know what happened after that we had a freefall in stocks that eventually did recover and did write themselves. But on this day it is all about what was going on 19 years ago today, right now what both candidates are trying to do to stay out of the political stuff at least so far today. Read, what do you think how theyve been conducting themselves so far. Both candidates have appeared at the 9 11 memorial event former Vice President biden met with Vice President pence and shared an a sanitary elbow bumpn janesville pennsylvania President Trump and Vice President biden was heading there as well and neither candidate wants to make news on this day, it is still a solid day in american politics to really remember the tragedy that happened 19 years ago. So weve seen the Biden Campaign pulling all of its ads on tv, they do not want to make news today. Neil is this race, it reminds us, the economy is one thing certainly and how this president is dealing with the virus and how joe biden would deal with it if he became president. That is one thing, but this day does remind you about the bigger issue of security, National Security and keeping us safe and both campaigns play that in different ways, how big of an issue is this, is the 19th anniversary of 9 11 and we think about it and we rightly read the names and remember what happened, that is it, its not going to be an impactful issue as it has been in the past. I think the coronavirus pandemic has forced everybody to talk about all the different issues rather its healthcare or the economy or National Security through the lens of the virus and certainly weve seen President Trump trying to use National Security is an issue against joe biden warning what would happen if democrats controlled the country in light in the lens of the protest that weve seen in a lot of major cities, the Biden Campaign is making the National Secure the argument to the virus itself saying President Trump was on duty when 190,000 americans died of the coronavirus and we still have no National Strategy to combat it, everything you see is being framed whether its an issue like National Security but still comes to mind to a lot of voters and is being framed to the issue today rather than the issues with the global on terror which has not been top of mind in the last several years primarily because fortunately knock on wood there have not been any large attacks on the United States. Neil good catching up with you, thank you very much, the hill correspondent joining us via skype, be safe my friend. A quick peek, the Technology Stocks or try to come back but not all of them, that is enough to hit the premier names yet again, theyre not out of the woods just yet, were also following the fires out west no fewer than three states right now, driving their ties to a virtual hold as well, the other side of these sides are not hearing what they should, it could affect you. After this. When you set out to redefine what a truck can be, you push the limits. You defy convention. You turn every ask into an answer. Because those who set the standard, reserve the right to raise it. The ram rebel, ram power wagon, and the allnew ram 1500 trx. Why more ford and chevy owners are switching to ram than ever before. The power has shifted. Im a verizon engineer. And im part of the team building. A powerful 5g experience for america. Its 5g ultra wideband, and its already available in parts of select cities. Like los angeles. And in new york city. And its rolling out in cities around the country. With massive capacity. Its like an eightlane highway compared to a twolane dirt road. 25x faster than todays 4g networks. In fact, its the fastest 5g in the world. From the network more people rely on. This is 5g built right. Only on verizon. Some 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. Neil the west coast wildfires remain out of control and the three states dealing mostly with california but oregon and Washington State as well, were talking about more than 3 million combined acres that have either been blazed or under the threat of a blaze in the very latest right now and where things stand jeff out of california, how do things look today . All of the work from firefighters and working aroundtheclock starting to pay off this is in monroe via, they have containment on the bobcat fire which is a huge relief to the people who call the city home but that buyer is still burning 23000 acres and growing and because of that theres a lot of smoke, i am wearing a mask today because it is so bad and you cannot see the hills behind us anymore and every once in a while you will see what looks like flurries in the air and all of that is ash that is blinking the area from these fires that continue to burn, its a similar story in Northern California where the wildfires are causing widespread devastation and authorities saying ten people have died and another 16 are missing, and oregon for have died and were learning that Law Enforcement has opened an arson investigation regarding one of the fires that is linked to two of the deaths, they forced the evacuation of 500,000 people in oregon, that is more than 10 of the state population and that number will likely keep going up. Everything is chaos and it does not even feel real that this is actually happening to us. You see it on the news, california, paradise and all of them and everything and youre like wow i feel for those people but now it is us. Was so many wildfires burning especially here in california, the firefighters on the front line are absolutely exhausted and you see the images of them laying on the ground and trying to get an hour or two of sleep, good news were hearing that firefighters from utah, colorado and texas are making their way to the western United States to help out and fight the fires that dont seem to have an end in sight right now. Neil jeff, thank you very much for the update, i appreciate it, he is monitoring the fires that are out of control and no get one under control and then another pops up. Weve been telling you a good deal about the colleges delayed opening and hybrid situation, we know the impact on colleges, very severe. But what about College Towns, what if i told you even more severe. That is after this. I had saved up some money and then found the home of my dreams. But my home of my dreams needed some work sofi was the first lender that even offered a personal loan. I didnt even know that was an option. The personal loan let us renovate our Single Family house into a multiunit home. And i get to live in this Beautiful House with this beautiful kitchen and its all thanks to sofi. And iso youre a smallhis bbor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Neil nasdaq or nasdaq, i played off the nasdaq, this is an Interesting Development, the nasdaq is back in correction territory, charlie passed along an Interesting Development within nasdaq for a nerdy drop below the close of 184769 which was a correction following the threeday 10 plunge that ended, we are right back to where we were, im not a technician and a lot of people follow the stuff, to me having said that the worry and som intervention worrisome , its not impacting the dow, apple are smart on his mueller and they split 441 and is not nearly as severe than it wouldve been as a price for stock weighted average but it is something to watch and charlie is watching it well per we are following it closely a tale of two markets, a little bit in the meantime back to football it is back thursday night football and a whole bunch of games slated for this weekend. For universities and University Towns that work at the close, wouldve shouldve couldve, many will be having that, what does it look like . Students are back on campus at the university of wisconsin with the universitys dealing with the coronavirus outbreak on campus, here there is no big ten football this fall. Businesses are still really struggling, according to an Economic Impact study, a single Football Game here at Camp Randall Stadium creates a 16 milliondollar Economic Impact for the state of wisconsin, during the entire football season, more than half a Million People visit madison, a city of 250,000 people and they spend 62 million in a football season. We talk to managers and owners of bookstores, bars and hotels in madison, seals are drastically down for all of them, one hotel by the stadium decided to close in part because of the pandemic and also for renovation and they will not reopen until next fall. Badger Football Games are awesome, the excitement in the, rotary starts around 8 00 a. M. , the six or seven game days are huge revenue for us. Theres no other way to say it. It is not just the fact to say there is no football causing challenges for businesses, there is no commencement this year and know freshman orientation and a lot fewer people in the city and that is difficult for businesses as well. 60 ballpark, we went from 72 people to approximately 30 and nobody is taking cabs, hotels, coffee shops. This is just a snapshot of what is going on in madison but the same type of thing happening at College Towns across the country, the Business Owners we talk to say they believe theyll be able to weather this although they expect many businesses to close and theyre hoping by next football season the stadium will be packed again and business will be back to where it was before. Neil we will see what happens, thank you very much, grady trimble, i want to go to tiki barber, he played ten seasons for the new york giants and been growing up in washington redskins, i cannot say that anymore, its just washington, i hate it but i knew you were talented and i dreaded when he would show well but im very happy to have you now. Your university of virginia graduate, you were a big star there, that to is a very big college town and i was thinking of you when grady was outlining what is happening to all of the College Towns around which football plays a major part, not some this year. It plays a huge part in a lot of the College Towns in the university of virginia is fortunate in a sense because they will play football this fall, the acc, the fcc and the big 12 will play but its going to be vastly different, quarter capacity may be as some of these places and i think of the university of virginia specific, only friends and family members of the players and the coaches that will be allowed early on tailgating obviously is going to be outlawed, is a huge Economic Impact on a lot of the College Towns and also in the National Football league, some stadiums like los angeles or in your hometown Washington Football Team will have no fans all season long, i think others are going to take away. Neil that matches what they were dealing with last year before all of this. What do you think of that and how do they adjust to that, i was watching a little bit of the game last night and it is not alarming as it is baseball and certainly basketball where there is nobody out there, i dont know whether its a shot through the angles were not as obvious with someone during a pass versus someone hitting a home run, you almost didnt know it, you heard the crowd and there was a good number there, 70000 in a stadium that can hold 76000 but it did not seem as jarring to me, what did you think. I think you hit on the head, there is not shots of empty stadiums, there is no home runs. You can pick and choose when you steal the crowd, the nfl is always moving, you keep the shot on the field or showing replays unlike baseball which is very stagnant at times, you often have to show the crowd but there is nobody there right now. The nfl is going to be okay as it pertains to audience an atmosphere, their pumping and some of the crowd noise whether its over the tv or actually in stadiums, the atmosphere is not going to be as drastic as a lot of people assume. Neil i was wondering, the crowd did seem loud, 70000 people making that noise or they pumped it up. I guess we will never know. It gave you the sensation. How do you think this season is going to go i agree you should be worried when i do because youve a good track record, i dont think there will be a bump at all, bad bump anyway for football as they will i think for baseball when all is said and done they will have a full season but they are not going to be nearly as hit by this as all these other big sports. Neil you remember the conversation around the baseball restart, 40 of the revenue was gone immediately so they struggle to work out a deal with the players association, the nfl is in a different spot right now, obviously the revenue is huge in the nfl almost 15 billion on the year and they will take a hit because theres not a ton of fans in the stadium but with the tv rights and the sponsorship field in the new stadium right deals, they revenue to support the National Football league and they already agreed for next year salary cap, is not going to fall precipitously year over year. Ultimately the season itself will kick off, its the next man up business if god forbid someone gets sick, i think they will be okay. Neil tiki from your mouth to the world, thinking for great memories if you were a giants fan but otherwise thank you for okay memories tiki barber, a lot more coming up. 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. So youre a small businor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Did you know Liberty Mutual customizes your Car Insurance tada so you only pay for what you need . I should get a quote. Do it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Neil welcome back, everybody. Remember when there was talk of a trading tax in the garden state, Governor Phil Murphy was looking at trades that might be pennies on the dollar for any transaction, buy or sell. Well, it sounded like a small amount of money but the fact of the matter is it could amount to billions of dollars. That was part of the social Agenda Campaign that the new jersey governor was looking to tap, and that money would be the means by which he would do it. Now we are hearing from the big board, the new york stock exchange, that if they go through with that, their operations they have in new jersey, that funnel a lot of those trades and handle them, well, they would leave the garden state. We will see if theres any more on that. Not a big shocker there but again, in keeping with the reaction that we expected to get from member firms that do transactions like this in new jersey, for example, or have these trading apps in the garden state that they would move them if it came to this. But apparently the proximity to new york is important. New jersey is very close, just over the river, hudson river, from new york so theres an issue of how easy that is to do if they just move that, the big board, a lot of their transactional business out of new jersey. We will keep on top of this. We are also keeping on top of the slow reopening of america. Sometimes it happens in fits and starts, of course, with Indoor Dining thats resumed in the big apple and now signs in florida that they are going to allow some bars to reopen. San francisco looking at indoor salons and gyms and hotels, albeit with limited capacity to open on monday. So the trend as they like to say is their friend. Phil keating keeping track of all of that. Phil is in miami. Hey, phil. Reporter hi, neil. Unprecedented football season is back with two big home openers last night. Here at hard rock stadium, site of februarys super bowl, the miami hurricanes had their first home game, making for miamis first test run of the new 20 capacity spectator rules. Most everybody was spaced out with masks on but it was a pretty small crowd. No u. N. Students are allowed inside for the first two home games so that if there was potential infection at the stadium, they dont take it back to campus. The same was true in kansas city inside Arrowhead Stadium for the nfls 2020 season debut featuring the defending super bowl champs and the houston texans. As for florida, its been a great month. Far fewer daily coronavirus cases from the summer surge of june and july. According to the Florida Department of health, test positivity rates have really dropped from positives in the teens to two weeks straight below 7 . Starting next week, bars statewide will be allowed to open again. The governor says the numbers have simply improved enough. I quote, if you look at whats going on in florida hospitals right now, i mean, weve had almost a 70 decline in the number of covid positive patients that are hospitalized from the peak. In the icu, hospitalization for covid positives down almost 65 from the peak. Nationwide, the majority of states are seeing dropping numbers, including texas and arizona, once part of the surge. Nine states, however, including wisconsin, rhode island, wyoming and nebraska, are reporting increasing cases per capita. The cdc said thursday that dining out at restaurants is actually one of the most risky behaviors of getting infected these days, even more so than shopping and dining. As for statewide bars being allowed to reopen in the Sunshine State starting monday, well, miamidade county, broward and palm beach county, south florida, they say thats still a little too soon for more activity down here. Neil . Neil phil, thank you very much. Phil keating following all of that. I want to go to dan geltrude because all of this comes at a time when states, localities are trying to get some business back but that might prove easier said than done. The problem is they lose a lot of revenue when that happens and they need that revenue back, and Governor Cuomo has hinted at the possibility of tax hikes, spending cuts, you name it just to put things in balance. States like new york have to balance their budget at the end of the fiscal year. Some can push it out and they have in new jersey, but they have to make sure its in balance. Easier said than done, i guess, dan, right . Yes, it is, neil. Look, i wouldnt say that new york is a wellrun state to start with and then you drop a pandemic which creates quite frankly, economic ruin and we are really going to have a tough situation with it. So the Economic Impact is about 30 billion on new york. Thats what the estimate is. But just in this fiscal year, new york is looking at an 8 billion shortfall. But whats interesting here is that the beginning of the fiscal year for april 1st, new york did not institute any deep cuts, so whats going on . Its kind of business as usual and i believe they were relying upon some federal assistance coming from washington. Well, thats not coming, neil, at least for the foreseeable future, so new york is really up against it and i think Governor Cuomo is probably being honest in saying tax increases are certainly going to be a possibility. Neil you know, i want to bring kennedy into the mix here. If you think about it, if you need another reason to go slow heading back to the big apple even with some of these Financial Firms saying we want you to get back on the 21st, morgan stanley, jpmorgan and Goldman Sachs have been advocating that, a couple of other companies as well, im sure more down the road, but to hear news like this, taxes going up and all this, and to say nothing of the crime and other issues that have run rampant in new york, whos going to get them to go back, you know . Yeah, the quality of life issues in new york spread beyond new york city, but we are facing a pension crisis here in new york state and thats because of, you unded pension liability which has been a huge problem in places like illinois and michigan and california, and theres really no plan to tackle that. The governor talked about raising taxes but all youre doing there when you have a majority of workers still working from home, they look, they still have high rent or mortgage obligation, theyve got high property taxes and now the governors talking about raising taxes further. Thats an invitation for people to leave and go to places like florida, texas, tennessee and nevada, which are much more amenable and have a rosier Economic Future to offer future citizens. Neil you know, dan, i hear out of the local and state leaders, people talk about leaving new york but you know, its a great place, the citys a wonderful place and the arts and everything else, but that was the kind of arrogance i was hearing coming out of california, officials saying look at our beaches, look at our, you know, environment, look at everything we have going for us and people were leaving in droves for the same confines of texas or florida, south carolina, some of these others, so i wonder if they are just whistling past the graveyard here. They probably are. Look, new york is a great place. New york city is a great place. But people are going to look at the cost benefit. So when you weigh these things out, they say well, maybe florida or texas isnt quite as exciting as new york, but when we look at what price were paying for this excitement, plus the issues of Public Safety and other things that are going on right now, people are saying you know what, its time to move and quite frankly, new york is looking at a really difficult situation, because if they dont open up the economy, if they dont get people coming back into new york, its a circuitous problem in that they will have to raise taxes, they raise taxes, more people leave, and it ends up becoming a bigger and bigger mess and as i said before, i dont think that they can look to washington, d. C. To bail them out of this. Neil well, someone needs to bail out washington, d. C. , because the debt they have racked up here, im wondering, you know, when you look at this, kennedy, anyone looking at how much money is being spent and how the federal government doesnt have it to spend . We can create and print money and thats gotten us out of a lot of problems before, but the idea theres going to be some washington manna from heaven to save the day, that might be unrealistic. Yeah. How much of the general budget is going to go to paying down the debt, when the bill comes. Nancy pelosi is talking, her first proposal was over 3 trillion for big bailouts for states like california and new york. The governors there have been horrible stewards of public money and they dig themselves into these holes and dan is right, there is so much arrogance that goes into this and i dont understand why they dont look at other states that have lower or no income taxes and ask them how are you doing it, what are you doing differently, what should we be doing because cutting costs, cutting spending, that should be at the top of the list. Taxing people out of existence is so wildly incompetent. Neil there is that. Kennedy, thank you. Dan, thank you as well. All right. This of course is the 19th anniversary of 9 11. George pataki was the governor at the time, the threeterm republican governor of the great state of new york. Governor, you know, im thinking about the people were saying back then about what would happen to new york and certainly the new york metropolitan area, that it would go into this deep economic freeze, a depression that would last for years. Lo and behold, within just a matter of weeks, business had returned to the city, downtown became the hot new locale as it is today, but you hear that argument raised now that doubters then were won over and the doubters now will be won over, that it will happen all over. I dont think the two are comparable at all. Your thoughts . Neil, i agree completely. The two are not comparable at all. First, the economic recovery after the september 11th attacks was a lot harder than people believe. Tourists didnt want to be here, businesses were looking to leave, and it took an enormous effort, combined leadership at the state, federal and local level to convince people to come back or to stay or to come. Im proud of what we were able to do with that. Now i think the circumstances are far worse. You have a confluence of events. You have horrific leadership, you have a spike in crime which didnt exist back then. You have a problem on the streets with the homeless, mentally ill homeless who are harassing people. We didnt have that. Then we have all the consequences of covid19 outbreak, people wanting to decentralize, leave concentrated areas, not willing to ride the subways and of course, working remotely. Im sitting in a 60story office tower, i come in about once a month. Everybodys allowed to come in. There is no one here. My assistant and i are the only two people in the entire building. Its going to take a lot of leadership, a lot of effort and a lot of intelligence to come back this time. Neil im wondering what will make it come back . Because you know, besides the fears of crime and just the safety issue in new york which is unlike we have seen, im thinking we have to go back to the dinkins era in the late 80s, early 90s, the fact of the matter is that between that and the high cost of just living in new york, doing business in new york, i really wonder whether there will be any great rush to return. Theres very little to incentivize people to come back. I know some of these big financial names can urge their people, practically order them to come back on the 21st but a good many of them are not going to want to. Then what . Well, for all the gloom and doom, and i share that, i still believe new york is new york. People want to be here. One of the things that has always attracted people from around the world actually is the energy and the excitement and the competitiveness. Right now, that is missing. But that will come back. But it will not come back automatically. It requires a dramatic change in policies. You have to put Public Safety first. You have to improve public transit. We are going to have a Covid Vaccine at some point. This crisis will be behind us and people will no longer have that sense that they cant be together. We are going to see a lot of companies and a lot of people just say im working remotely but this is still such a great city and such a big country, and an enormous world that there will be enough who want to be here. The question is will the Political Leadership create the climate where they feel comfortable that they can be here, economic, social and the answer to that question is up in the air. Neil yeah. I think youre right about that. Governor, always great catching up with you. Thank you. Be safe. Your family as well. Governor george pataki, great state of new york, three terms that no one thought he would enjoy but he did and a lot of good was happening under his watch. In the meantime here, want to update you on something we are getting out of the white house. The press pool has been called in obviously to respond to this latest development that israel and the United Arab Emirates have struck an agreement to normalize relations. This would follow less than 30 days ago the United Arab Emirates doing the same. So that now adds bahrain and United Arab Emirates essentially recognizing israel not only for its right to exist but israel to recognize and do business with them and so it grows. The president will detail that, that opening a direct dialogue and ties between these two societies and advanced economies will continue, this transformation of the middle east and increased stability and prosperity in the region. Thats part of a joint statement out of bahrain and israel. More after this. Here . Nah. Here . Nope. Here. When the middle of nowhere. Is somewhere. The allnew chevy trailblazer. Theyre going to be paying for this for a long time. They will, but with accident forgiveness allstate wont raise your rates just because of an accident, even if its your fault. Cut sonny. Was that good . Line the desert never lies. Isnt that what i said . No you were talking about allstate and insurance. I just. When i. Lets try again. Everybody back to one. Accident forgiveness from allstate. Click or call for a quote today. Neil all right. This tech selloff is gaining some steam right now and it has contributed to a big reversal in the Dow Jones Industrials as well. It had been up close to 300 points, now down 41. The nasdaq down about 161 points, revisiting correction levels we thought we were over a little more than a couple of days ago. Apple taking it on the chin, amazon, alphabet, the same cast of characters that seemed to be coming back but are no longer coming back. In fact, they are down appreciably 2 to 5 depending on the issue. Interesting as well, on the week, things stay kind of where they are, the dow is off about 2 , the nasdaq 3 and the nasdaq, i should say, more to the point, down about 4. 5 . That would be its worst week since march when this whole pandemic stuff first hit the fan. We will be going into that a little more detail with scott shellady. Ahead of that, the back and forth over the company that espouses anticapitalist views, that might be a little strong, but in this environment, capitalism has been pretty good to lululemon and of course, back and forth. Susan li following this i guess unusual phenomenon, right . Susan so stretch for lululemon, right . I cant help myself. Im sorry. Yes, the athleisure company caused a lot of commotion after this Instagram Post featuring the lululemon ambassador advertising a workshop aiming to quote, resist capitalism among other initiatives. Critics immediately jumped on that. One on twitter wrote lululemon hosting a workshop to resist capitalism while selling 180 yoga pants is peak 2020. Another said i apologize, is this a joke . I just spent nearly a hundred bucks on a pair of lululemon leggings a few months ago. This company is the definition of capitalism. Now, lululemon has built an empire on selling leggings and pants that start at 88 all the way up past 150. Hoodies, sweatshirts cost more than 100. Yes, leggings and sweatpants sales jumping during the covid Stayathome Lockdown orders. Lululemon made nearly a billion dollars in sales from march to june. Online sales nearly tripling during those three months. So yes, you can thank capitalism for that and lululemon shares are up almost 40 this year, now worth almost 40 billion. In its defense, lululemon sending this statement to us, saying we recently shared on our social channels an Upcoming Event organized by one of our four ambassadors and this is not a lululemon forum and it does not represent the companys views. Now, lululemon apparently their Mens Clothing has been partly helping the boom we have seen in the stock price and also the sales. In fact, they plan to double their Mens Clothing and their leggings sales by the year 2023 so we have to ask the obvious, are you a fan of thelycraand spandex that they sell . Neil i dont know. Didnt they criticize certain customers that you shouldnt wear our product . Right . Didnt they do that . Susan okay. The controversy a few years ago, i knew you were going to bring this up, when the companys ceo and founder at the time said certain women cant wear our pants because, you know, they could be seethrough, so yeah, he got into a lot of hot water for that, deservedly so, i should remind you. Now it looks like all things go, especially during covid. People want to be comfortable at home. If you dont have to see people and are just zooming head on. Neil but you cant be woke if you are just a whack. Thats my take on it. Susan li, thank you very much. Youre the best. Scott shellady with us now. Hes no fan of lululemon either. But he is a fan of these markets. Do these markets recently, im getting a little curious as to whats going on, my friend. The tech comeback from the early threeday falloff has now been completely wiped out and the nasdaqs looking at a 5 hit on a holidayshortened week that could be its worst week since going back to march. What the heck . Well, im going to try to tell the truth just like a good pair of yoga pants does. What weve got is a tale of two cities. Weve got one which is the equity markets, right. We have had to some source a vshaped recovery and now folks are getting nervous about whats been happening over there but we havent had a vshaped recovery in the economy. As much as i would like to think so, its just not happening. So wevegot one thats underpriced or fair priced and we have to see those come together. I have been asked over and over what do you think. Look, we will put upwards of maybe 5 trillion thrown at this problem. Thats a lot of money in five months. We will have a fed that will stand there to backstop it and we will have Interest Rates zero until im 142 years old. So those things are going to slow a break in the market. But at the same time, that market needs to have i was more concerned about the onslaught of this every day rally for no good reason, i. E. Tesla, that that was making me more worried than this selloff. I feel better about this because it just seems to me it was a little bit overdue and not that we were out there saying it should happen all the time but you cant have this tale of two cities. The market can diverge but not like we had it. We had a lot of folks that couldnt gamble on sports. Well, they went on robinhood and started gambling on stocks. We also taught a lot of new players to the market, the stocks also cant go down. Neil im wondering whether theres something more significant to the Technology Story if, and its been raised so many times in the past that you dont want to say oh, its different this time, i get that. Those who got scared off by Technology Stocks swooning, for example, back in march, they had led the market higher, they were leading the market lower, now they are stumbling again. Is there something more significant here, or the leadership change again . I always say that with a pause because i heard it so many times, but they have had such an enormous runup that even if they just corrected from these levels, which by the way, they have, they are still up appreciably. I think the Technology Index within the s p 500 is north of 35 . A lot of these issues have essentially doubled. Would that be in order . Well, we definitely can see some more of a correction and try to bring these things back down to earth but the reason why they always have a little more fluff pumped into their prices is that number one, that tech sector in america is the envy of the world. I lived over in london for 16 years. You know that. I do remember them being jealous of what we had going on in silicon valley. So its a fantastic thing and we are very inquisitive, all the things that are also hard for us to kind of follow the rules during a pandemic, but that is why america is what it is, because its the wild west of Free Thinkers and i love our tech sector and what its done. The other thing to throw on top of that is with one line of code change, they can save lives just changing one line. I think thats another reason why we have a little bit of fluff. They are always going to be a little pumped up because of those two things but i dont think we will see a seachange. We talked about the dollar not being the reserve currency of the world. Its going to be the leader. Tech will be the leader. Its just when you get into those trades is when you feel it the most. Neil any of this election anxiety building here, the closer we get and these polls seem to remain a constant thorn in the president s side . I know he says theyre all fake and for mentioning them, were fake, i get that. But lets say he loses. Is the market getting worried about that . Well, there is a little bit of worrisome, you know, worry in the vix, that volatility index. But its not to the level of the thought joe bidens going to win. Theres just a little worry built in there thats more than normal and i think the polls i saw this morning said joe biden was ahead but when the pollsters were polled again, they said but they still think trumps going to win. A ton of misinformation out there. We are only going to know november 4th. But i think that, you know, you cant say a 4 trillion tax policy will be good for the market and thats what biden has been proposing. So that cant be something that the stocks are going to rally on. Maybe later, they do. But thats something thats going to have to be front and center and dealt with if hes the new winner. Neil all right. Thank you, my friend. To that point, the former Federal Reserve board governor, he was saying its in that environment, joe biden wins and wants to raise taxes, he wouldnt do it in an economy like this and the Federal Reserve would be the backstop. Well see what happens on that. By the way, you were hearing a reference to a poll thats out. Its a monmouth poll, i believe, that shows joe biden still hanging on to anywhere from a five to seven point average lead. But a plurality of those who are also questioned still think donald trump is going to win. There you go. Jump ball. Have at it. More after this. Your investmens or pull back . Change the plan or stay the course . Thats why Northern Trust is here. With specialized expertise. A history of success through every economic climate. And proven strategies rooted in data and analytics. Giving you more control. Clarity. And confidence. For now and whatevers next Northern Trust wealth management. Neil on this day, we need news like this, 19 years after 9 11, signs of a Peace Agreement or at least recognizing each others right to do business with one another between bahrain and israel cobbled together by President Trump a little more than a few weeks after doing the same with United Arab Emirates and israel. Ari fleischer joins us now. The president will be joining us in a moment with tape provided from the oval office. Timing is everything and this is on a day where we are looking back at what happened then to the potential of at least easing that kind of threat in the middle east now. What do you think . Its such welcome news, neil. For how many decades, ever since the birth of israel in 1948 have we seen war in the middle east and now we are seeing peace breaking out between numerous arab nations now in israel. There are only four nations, arab nations that have recognized israels right to exist. Egypt went first, jordan went second, now in the span of a couple weeks, you have three and four, United Arab Emirates and bahrain. This is a huge accomplishment. Neil it makes you wonder who could be next. A lot of people want to see even though they have business relations, saudi arabia or kuwait. What do you envision . Morocco. Morocco is another nation that has a longstanding history of being wonderfully open for jews. They dont have relations with israel although they talk to israel all the team. Keep your eye on morocco which is a beautiful country to visit, by the way. It could be a number of nations and behind the scenes, so much of this is supported by saudi arabia. Neil i dont mean to jump on you there. The president now, this is tape that has gotten to our office right now talking about this agreement. Lets listen in. The American People on this very very tragic, horrible event that took place on september 11th and i want to thank them for that. Theres no more powerful response to than the agreement were about to tell you. You will hear something today that i think is very very important for not only the middle east but for the world. In the spirit of peace and cooperation both leaders also agree that bahrain will fully normalize its diplomatic relations with israel. They will exchange embassies and ambassadors, begin direct flights between their countries and launch cooperation initiatives across a broad range of sectors including health, business, technology, education, security and agriculture. This is a truly historic day. There have been two Peace Agreements with israel in the last 72 years. This is now the second Peace Agreement that we have announced in the last month and i am very hopeful that there will be more to follow. I can tell you theres tremendous enthusiasm on behalf of other countries. We think ultimately youll have most countries join and you are going to have the palestinians in a very good position. They want to come in. They are going to want to come in because all of their friends are in. But we have tremendous enthusiasm for coming into the deal. I want to thank the group of very talented people behind me. You are going to be hearing from them in a second. Its just a very historic day, a very important day, and so interesting that its on 9 11. Its such a great time. We didnt know this was going to happen in terms of the timing, but it did happen and were very honored by it. When i took office, the middle east was instead of absolute chaos, i have restored trust with our regional partners and together, weve eliminated the isis caliphate 100 , isolated the radicals who pervert islam and sow instability. Today nations across the region and throughout the world are joining together, united in their determination to build a Better Future free from the evils which perpetuate terror and i think you see that. I think you see that happening very very strongly. I also spoke with king salman of saudi arabia and we talked about this and hes a great gentleman and what they have done in terms of fighting terror is a much different ball game than it was before we attained this office. The fact is saudi arabia was doing things that theyre not doing anymore and so are other countries and neighbors. They are doing things that they just would never have done. Their levels and all of the things, all of the many many elements of fighting and hate, they seem to be evaporating and well find out very soon but they seem to be evaporating. So things are happening in the middle east that nobody thought was even possible to think about and thats whats going on right now. Bahrain has agreed to join israel and the United Arab Emirates by the way, i want to thank mohammad, who is a great leader, truly great leader, at the white house on tuesday so theyll be here on tuesday for the signing of the abraham accords. The significance of the signing will be elevated from an already historic bribieakthrough to one representing a previously unthinkable regional transformation and thats exactly what it is. Its unthinkable that this could happen so fast. And as you know, when we did the original signing which will actually take place in terms of official on tuesday, United Arab Emirates, people thought that was amazing and now they are hearing this and they are also hearing from other countries because they understand that other countries want to very much come in. On this occasion i want to thank the leaders of israel and bahrain for their vision and courage to forge this historic agreement. Their leadership is proving that the future can be filled with hope and does not need to be predetermined by conflicts of the past. You know all about the conflicts of the past. Theyre very legendary. There was a lot of problems going on. But we have been able to work things out to a level that nobody thought possible. This is really something very special, very very special. As more countries normalize relations with israel, which will happen quite quickly, we believe, the region will become more and more stable, secure and prosperous. In the meantime, were pulling most of our soldiers out so we are doing it the opposite way. They were doing it with nothing but fighting and blood all over the place. The sand was loaded up with blood and now you are going to see that a lot of that sand is going to be loaded up with peace. United states will continue to stand with the people of the region and work with them and build a brighter and much more hopeful future so were very proud of this and as time goes by, i think youll see more and more why. I think most of you realize how important it is. Even the New York Times was very generous in their praise of the original deal and they never thought i think nobody thought this was going to happen so quickly after the first but theyll both be here on tuesday. Theyre going to be signing. Benjamin netanyahu will be here, Prime Minister will be here, israel, and we look forward to that. Just on this deal, because of the importance of the deal, well take some questions but first, i would like to ask jared to say a few words and mike pence to say a few words and some of the folks, david, i would like you to Say Something about it because its so historic and these people have worked so hard and so long on it. This is really the culmination of a long period of time. Lets put it that way. I dont want to say how long but its a long period of time. Its a great thing. Jared, please. Thank you, mr. President. First i want to thank you for your leadership on this issue. Your first foreign trip was to saudi arabia where you outlined a vision for the region and all of the promises you made on that trip and all of the things that you foreshadowed have occurred. Its been a strategy that you stuck with and i want to thank you for giving me the trust and confidence that you have given me in order to work on this file over the last years and i think the results that weve achieved has been beyond anyones expectations and i believe that theres even more to come. I just returned from the region last week. I was in the middle east where i took the first commercial flight thats ever flown from israel to the United Arab Emirates. That flight flew over Saudi Arabian air space. It was the first time in 72 years that saudi arabia has now waived their air space to allow commercial flights to fly from israel back and forth. Bahrain did the same thing. United Arab Emirates waived a 48year boycott on israel which was an Incredible Development and there are now delegations moving throughout the middle east figuring out how to bring the people closer together. What President Trump has done here is unthinkable. Hes brought people in the middle east together. Theres been these barriers that have existed that have led to so much instability, so much war, so much loss, so much hopelessness, and were seeing so much hopefulness now coming. I will Say Something that i never thought would be the case which is that on this last trip, the amount of optimism that has happened that were experiencing in the middle east is truly incredible. So i just want to congratulate you. I want to congratulate the people of israel. I want to congratulate the people from the kingdom of bahrain. I want to thank their tremendous leadership and i also want to congratulate the people of the middle east because the first deal that you were able to accomplish was so popular that things are really starting to move in a really strong direction and this makes america safer, it allows us to bring our troops home and allows us to work on bringing prosperity to american communities. So really, thank you for your leadership. Congratulations on this great success. Great job. Thank you very much, jared. Mike, please. Mr. President , i can think of no more fitting tribute to the heroes that were forged on this day 19 years ago and all the heroes that were forged on battlefields ever since than to see this Peace Agreement announced today. Mr. President , you said from early on that we could stand with israel and stand for peace. Your very first foreign trip was to the arab world to reach out to create new alliances. You affirmed our support for israel when you moved the American Embassy to jerusalem. And the strength with which you have approached this has made now the second historic Peace Agreement possible. And i just want to congratulate you and thank you, mr. President , for your leadership. I also want to thank the people of the kingdom of bahrain and the people of israel for finding a way forward to begin to take one more step toward peace in the middle east and to know that in this president and in the American People, they will have an ally with them. The good book says blessed are the peace makers. And mr. President , i just want to congratulate you. I want to congratulate Prime Minister netanyahu and king hamed of bahrain for bringing peace between their nations and widening the reach of peace in the world. Thank you. Congratulations. Thank you very much, mike. Great. Our wonderful ambassador to israel, david freedman, who has been really something. Hes been i put him there, i know him for a long time, he was one of the most successful lawyers in the country by far, and at least based on his paycheck, i can tell you that, and hes a great lawyer, hes a great talent and great deal maker and i put him there for a reason. I put him there to get it done. I said dont be just a regular ambassador like so many are. Just get it done. See if you can bring peace to the middle east. David, please. Thank you, mr. President. I will always be indebted to you for giving me that honor. Its one that i hold extremely dear. As you know, mr. President , people have thought about the middle east for the past hundred years or more as a place of violence, of hopelessness, of suffering, of war. What were seeing in real time in this room today and last month, we are seeing the paradigm of the middle east completely change. The world is turning in a very positive way and its all because, if i may say, because of the policy that you began in may of 2017 of trusting our allies, of empowering our allies and in my case, of course, of being the greatest friend that israel has ever had, of putting people on the job who share those values and convictions, and the fruit is now being borne in this incredible Peace Agreement. Your policy of peace through strength has changed the world profoundly for the better and as the ambassador to israel, i am eternally grateful for the changes that you have made for the u. S. israel relationship. Thank you, david. Great job. Thank you. Please. Thank you, mr. President. Congratulations. He looks young. Hes very smart. Go ahead. Thank you, mr. President. Congratulations on just a tremendous, historic achievement here today. I think i can speak for everybody in this room, all of my colleagues who have worked within your administration that thanks to your leadership, theres just a tremendous sense of pride to be an american, to work on these issues under your leadership and im just so appreciative to you and so honored to be part of your team. Thank you. Thank you. [ applause ] mr. President , i think historians will look back on these two Peace Agreements as the beginning of the end of the arabisraeli conflict and you talked about the journey to get here. I remember i heard you pledge when you were in riyad and when you were in israel, you pledged that you would strengthen americas friendships and to build new partnerships in the pursuit of peace and you have kept that promise and we see that very clearly today. Rather than appeasing americas adversaries in the region, you recruited americas allies and you focused on shared interests and shared threats, but you also asked them to shoulder their part of the burden and to fulfill their end of the obligation. Nations rallied behind it and as a consequence, the foundation has now been laid for great things in the coming years. Great. Well said. Thank you very much. Would you have anything to say . Neil we are continuing to monitor this. Of course, the big news here, yet another arab country has normalized relations with israel less than three weeks ago, about that, israel and United Arab Emirates had essentially normalized their relations even though they were doing business with one another, its the first time they formally recognized that. In the case of the United Arab Emirates its a big deal because they recognize israels right to exist. That was held in doubt, still is by most arab world and when it comes down to it, israel shouldnt even be on the map, but Significant Development now that bahrain has joined that and the president seemingly intimating that other countries could follow. Again, a Significant Development on the peace front 19 years to the day after 9 11 and of course, all of that thrown in complete disarray when we deepened our commitment to fight off terrorist settlements in the middle east. Rob oneill, very big part of that, the former navy s. E. A. L. Who killed Osama Bin Laden joins us now. Fortuitous timing for us and to have you here and to thank you for all your work to stamp out and deal with this issue that was, you know, came together 19 years ago today. Developments like these at least give you hope that we wont see a repeat of that but we shouldnt get lulled into sort of selfoptimism here. I know you always reminded me in prior visits we have to be vigilant, constantly. You still believe that, dont you . Thats true. Thats true. Thanks again. Its always great to be on your show with you. Neil, this is quite a day today. Watching some of these arab countries start the peace process, you know, with the flight over Saudi Arabia Air space, leaving israel, its historic. You cant get complacent. Its a crazy time we live in with everything going on, we have arab states acknowledging israels existence but we have several members of congress who wont. Thats where we are talking about you cant get lulled in a sense of complacency but you know, israel wants peace, a lot of our friends over there want peace, so the palestinians mostly want peace. If we can ease up some of the sanctions on them, as long as hamas and those people arent getting it to fund terrorism, hopefully this is the way to go. The thing with the hatred over there, its kind of like anywhere in the world. Youre not born hating or racist. You are taught that. You only know what youre taught. If we can get some people who want peace and some education, hopefully that will cease some of the violence we are seeing over there. Neil you know, i was thinking of you, 19 years ago today, we were just piecing together that it was indeed a terrorist attack on america and that Osama Bin Laden was behind it. You knew for years the enormity of your mission of when you were there to take him out. I know you have told the story so many times but i think its worth reporting again what you were facing and the real possibility, in fact, some said probability that you and the other guys would die in the pursuit of getting him. What was that like, the enormity of that, that the man who was responsible for this war against us and it was up to you to take him down . You know, we knew the enormity of it. We knew that it was probably a oneway mission but thats what we were there for. Every man to include the air crew, we offered our right hand in the air to defend this country against domestic enemies and even foreign enemies but we went because of the people who died 19 years ago today, the people that had to make the decision do i want to burn alive at 2500 degrees or do i want to jump out the window and at least it will be sudden. They werent supposed to be in the fight. Thats what were there for. We were the First Americans to fight al qaeda, the men and women who crashed in shanksville, pennsylvania. Whats so cool in america, they took a post. Are we going to fight, they voted yes and they fought and saved the capitol. Thats why we went. Again, you know, it was almost a relief knowing this is the last day on earth, thats why were here. So there wasnt fear. It was just acceptance of what we are going to do. This is why were here. This is the last day. And every day since is a blessing because we werent supposed to get out of the house alive. It was so cool to be with those guys. I was so proud of my guys, because i was sort of in the back on the first floor and i was looking around for bombs where they should be, but the guys werent afraid, they were doing what they always do every night. We go out every night after terrorists and get it done. I was proud of my guys, im proud of them now. Greatest honor of my life to be part of that team. Neil you know, when you faced him and saw him that night in pakistan, what went through your head . Here you are facetoface with the guy who had been behind so many terrorist attacks the world over, principally 9 11 but so many others, and here you were, that was the guy, he was right in front of you. What was going on in your head . When we went up the final set of stairs, it was me and the guy in front of me. I think he was brave and i was just thinking lets get it over with, im tired of thinking about blowing up to a suicide vest. He went up the stairs, i was behind him. He made the decision to go through a curtain into a hall way and tackle people he thought were suicide bombers. I turned right because he went straight and there was Osama Bin Laden standing there. He had his wife in front of him. He wasnt surrendering and i assumed he has a suicide vest on. I need to treat him like a suicide bomber, which i faced before and its very fast, very sudden, very permanent, loud and scary. I had to shoot him in the head so he couldnt set the bomb off. I shot him three times in the head and then that was it. I moved the wife to the bed, couple people were in the room and one of the guys, another navy s. E. A. L. Came in and they were doing their stuff and he said you okay . I said yeah, what do we do now. He said now we find the computers. We do this every night, hundreds of times. I said youre right, im back, oh, my god. He said yeah, you just killed Osama Bin Laden, your life just changed. Lets get to work. Neil you know, you had no doubt that it was him, that it was Osama Bin Laden, and i know the Commanding Officer wanted to check, you know, when all was said and done. He was a tall guy, right, Osama Bin Laden, and that was going to determine whether you got the right guy. Could you go through that again with me . Yeah. When i saw him he was standing up. I was surprised, i was surprised how tall he was and how skinny he was. But he was about 64. Taller than me. It wasnt a hard shot. It was maybe three or four feet. And then we did talk to his family members, one of the women in the house eventually admitted that she called him sheikhosama. She said you got him. We did fly his body back, took dna tests, brought his body back and our federal Law Enforcement got the dna test. We had already told the president for god, country andgeronimo. That was just a word meaning where we were. That was a code word, not a name. We wouldnt disrespect the native American Warrior like that. We got him back, we already said we got him and they did another dna test and the president came out, we were actually watching fox news and the president came out on the red carpet, i will never forget, he said tonight i can report to the American People, the world, the United States conducted an operation that killed Osama Bin Laden, leader of al qaeda and i heard him say Osama Bin Laden, i looked at Osama Bin Laden, i thought how in the world did i get here from butte, montana. Neil incredible. Rob, i love going back on that and hearing that, because especially on a day like today, when this all just erupted, and to be concluded all those years later with you firing the shots, it provided some closure for a world that definitely needed it. Rob oneill, thank you very much. Very good to have you. But as rob points out, the threat lives on and so does the terror. These guys have a way of going on and on. So should we. More after this. This is decis. 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. Im a delivery Operations Manager in san diego, california. We were one of the first stations to pilot a fleet of electric vehicles. Were striving to deliver a package with zero emissions into the air. I feel really proud of the impact that has on the environment. We have two daughters and i want to do everything i can to protect the environment so hopefully they can have a great future. Here . I can to protect the environment nah. Here . Nope. Here. When the middle of nowhere. Is somewhere. The allnew chevy trailblazer. Neil you know, 19 years ago today, my son wasnt even born. This weekend his mother and i are taking him to college. Hes happy about that. Were not. Perspective on the life and lives and how they change even those who hadnt even born to this world. Lets remember this. Lets never forget this. Now to my buddy charles payne. Hey, charles. Charles hey, neil. I would say amen to that, my friend. Good afternoon, everyone. Im charles payne. This is making money. Breaking right now, you know, its been a real slowmoving session, and you can feel the trepidation in the air as the market grapples with its biggest test since late march. The s p tries desperately to hold at a critical support point. If this is a bottoming process, then the question now is what leads the market higher . I have some of the best investment minds who can share their thoughts and ideas with us. Also President Trump in shanksville, where the hijacked flight 93 crashed as part of a series of remembrances today. In shanksville this community locked a