Transcripts For FBC After The Bell 20240712

Why not, with the latest. Reporter why not. You heard it there, zero Interest Rates basically until through 2023. The Federal Reserve in their Committee Statement saying that they will maintain the accommodative stance until monetary policy, until their goals are achieved in the monetary policy. The Federal Reserve aims to have inflation moderately above 2 . To reach the two target a period of time. This is what chairman jay powell said what is moderate and for how long. Listen. We want to achieve inflation that averages 2 over time and if we do that, Inflation Expectations will be right at 2 and that will help us achieve 2 inflation over time and avoid the situation where the central bank loses its ability to support the economy. Reporter he would not define what moderate was, for how long. Powell fiercely defended Forward Guidance on rates being zero. The fed also made their economic projections, they revised it up. Unemployment rate 7. 6 . 9. 6 in june they thought. End of this year, 5. 5 next year. 4. 6 year after. 2023. Fed sees expansion. They cut the loss on gdp growth in half. 3. 7 down end of the year. Next year bouncing back with a positive 4 gain on inflation. Pce inflation, 1. 2 this year. Not getting until 2 until 2023 the Federal Reserve chairman said on many occasions fiscal stimulus is needed because the outcome without it would be worse. Listen. If there isnt Additional Support and there isnt a job for some of those people from industries where it will be very hard to find new work, that will start to show up in economic activity. It will also show up in things like evictions and foreclosures an, you know, things that will scar and damage the economy. Reporter markets started to move down on that. Also what he said after that buying treasurys at 120 billion. 80 billion in treasurys, 40 billion in mortgagebacked securities but they could make that smaller or larger and target it for industries depending what conditions going forward. Back to you. Melissa edward, thank you. For Market Reaction lets go to gerri willis now. Gerri. Reporter yeah, a lot of the trading today all about what ed was talking about. The dow spiking on the fed announcement ending up 38 points but the intraday high on that news today, the index on pace for its fourth straight day of gains. Up 37 points as you see here. But the s p, nasdaq, not so good. Both of those indexes lower today. Here is what is going on behind the scenes. Investors continuing to question the valuation of tech stocks and big tech stocks names and im talking here about apple, facebook, amazon, netflix, microsoft, really leading the selloff as you can see right here. Big numbers for those stocks. However, you saw the dow higher. What was that about . Well financials doing well. Part of the story of the dows gain today, goldman sachs, jpmorgan, stocks like c, citigroup doing better. Wells fargo up here doing very well indeed as a matter of fact, on the news ed was describing. Finally the best sector of the day, energy. All significantly higher. Why a surprise. Weekly drawdown in crude stocks. And gas inventories. It was a positive surprise. The drawdown was 4. 4 Million Barrels versus expectations of a 1. 3 billion rise. Oil prices are up 5 on this news and back over 40 a barrel as you can see right there, the best day sense since june. Top performing sectors, cyclicals, industrials, what does that tell you . Maybe there is a rotation going on in this market here. It is not just about tech stocks anymore, not by a long shot. Back to you. Melissa thats a great point, gerri. Thank you. Connell . Connell now to President Trump, melissa expected to hold a News Conference sometime around the top of the next hour. Meantime blake burman is live at the white house with new information today from the administration on a covid19 vaccine. Blake. Reporter hi, there, connell. We heard from the cdc director Robert Redfield up on capitol hill today testifying he said no matter when a vaccine gets a green light it, will sake six to nine months on that point to get the country vaccinated this is the timeline redford laid out up on the hill. Watch. Sometime between november and december but very limited supply and well have to be prioritized. If youre asking me when it will be generally available to the american public, so we can begin to take advantage of vaccine to get back to our regular life, i think were probably looking at late second quarter, third quarter, 2021. Reporter that only partly mixes with the message that President Trump has been giving as it relates to a vacs seen. He says it is potentially imminent in the coming weeks. Here was the press secretary Kayleigh Mcenany this afternoon when asked about that timeline laid out by the cdc director. Were still of the belief that we will have a vaccine by the end of the year. Operation warp speed has made it clear their goal is to have more than 100 million doses. Were manufacturing. Reporter you mean to everyone or just people of highrisk groups . Im not going to engage in a hypothetical but it is our goal to have at least 100 million in production by the end of the year. Reporter connell as you mentioned well likely get President Trumps reaction to the comments of the cdc director coming up here in the next hour as the president is set to take to the Briefing Room podium. Connell . Connell blake burman on the north lawn for us. Melissa . Melissa all right. Lets bring in bill mcgurn. He is a wall street journal columnist and fox news contributor. You know its shame all this vaccine talk and speculation is spilling over into the campaign. I guess you cant expect anything different but we are really talking about both peoples lives and peoples livelihoods. It is pretty cynical. Joe biden, reading from the transcript saying today, i trust vaccines and i trust the scientists but i dont trust donald trump. Is it fair to sort of cast aspersions on the process or even the vaccine, you know, based on your own political ambition as joe biden appears to be doing here . Yeah. Look, i find it very distressing. I think that the ordinary, sane, view of the American People is that we should be rooting for a vaccine. That it is extraordinary that just in the same year that this broke out were now talking about being on the verge of getting one and getting at least lots of treatments for lots of people. We should be rooting for that, no matter who is president and instead it is so indicative that the story is can we trust donald trump . Is he going to put out dangerous vaccines in the country . I think thats really la mennable. Let me tell you one thing, melissa, that is not science. That is politics. Melissa yeah. People are already do have reservations about taking vaccines, about injecting themselves with things especially something as new as this. So to play around with this at all is pretty horrible. From lives to livelihoods whether or not we get people to feel safe and to take risks and go back out there you know, really determines peoples futures in the sense, i want to bring this up for you. So this is yelp business. They have been keeping an eye sort of on what is closed temporarily and whats permanently, weve been keeping tabs of this. Since july the number of closures is up 23 . Of those that are still closed, this is selfreporting, businesses saying whether they will ever reopen or not, 60 of those that are closed say they are never coming back. Each of those businesses is a family, is a face, is a human being, is somebody who has risked their whole, you know, future and their fortune on trying to do something that they have a passion about, who have now been run out of business by this, by this pandemic. Vaccine plays into that and so do these politics. What are your thoughts . Yeah. I am so glad you stay on this, melissa, because again we live in a twotiered america where people like me, im very fortunate that i can work at home and this is more of an inconvenience to me but i go down my main street in my town and all the people you talk about. Some of them have Family Businesses that they have run for years and there are some knockon effects right, melissa . Not just the business that has to close, but employees that counted on that business. The landlord that counts on the rent. The cities that count on revenue. This is just terrible, this kind of permanent damage. What makes it worse it is not because of any mismanagement of these people. Its because of, it is because after medical emergency, which i think has not been necessarily handled right which is why i think that the emphasis always when i hear stimulus bills, the biggest thing for the people you mentioned is just to be allowed to reopen. I took my wife out on saturday night for her birthday to a restaurant in town, lovely restaurant. You look around, it is 25 full. I just think, how are these people making it like this . It is very sad. As you say, it is really deduct strive. The destruction is seems to be hitting the people who least can afford it. Melissa we look like places like new york where the infection rate has been one for more than a month. We hit all the metrics. We had no Indoor Dining at all. It is supposed to comeback at the end. Month. When you look in new jersey and a lot of places where they seem to be ignoring the science, keeping things closed even though they met the various metrics what do you think is the motivation and does that turn around after the election . Well, i think certainly after the election a lot of the people that dont want donald trump reelected, whether he there will be a lot more freedom to do things. I think our emphasis has been wrong. We have these very strict guidelines for when we can reopen. That is not what we were told when the economy was first shut down. When it first shut down we were just going to flatten the curve, which we did. I think like a lot of these people that youre talking about, theyre very entrepreneurial. I noticed in the early days of covid with this how quickly these businesses put up, you know, plastic bear questions and so forth. I think the emphasis would be what would it take to reopen . How can we mitigate the risk . We seem to have this all or nothing attitude, you either keep everything locked down or it is a freeforall. I think there is a middle way. I think our businesses can be trusted. The aim should be to help them. What can you do. What is the best thing you can do . What are other ways to mitigate it. They are intelligent people and i would like to see us to trust them to apply their talents. You know if some business did it, delicatessen in my town, his next door neighbor to his shop would do it too. People copy what works very quickly. Melissa youre so right, bill mcgurn. That is brilliant. Thank you as always connell. Over to you. Connell the other big story, melissa, Hurricane Sally and as it strikes the gull coast has left 600,000 customers without power. Forecasters warning about heavy winds and flooding. A live report from the hardhit sate of alabama coming up. Amazon is hoping to fill the void of millions of americans struggling to land a job during the pandemic. Details on the ecommerce giants efforts later in the hour. The longawaited vote. The big 10 set up a date for the return of 2020 College Football in its conference. It is a big story, a lot of money, a lot of sports, a lot of politics. Well have it coming up. Well be right back. What . its like she time travels in a rocket ship. Thats cool and then she comes back saying try this or try that. She helps everyone. She helps them feel less worried. Wow mommy, so what is it that you do . Im a financial advisor. She is aig proudly supports all the professionals taking care of our financial futures. Makes it beautiful. Stateoftheart Technology Makes it brilliant. The visionary lexus nx. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Exbefore money, people 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. Melissa a glimmer of hope. House Speaker Nancy Pelosi and Senate Minority leader Chuck Schumer are saying they quote encouraged after President Trump called on the gop to increase the amount of money in the latest stimulus package. Lets go to fox news chad pergram who is live on capitol hill with the latest. Chad, everybody can agree on spending taxpayers money it seems. Reporter so far they havent cut a deal. What is interesting even though you have the joint statement from Chuck Schumer and nancy pelosi there are no talks and the president of the United States who weighed in a little bit on this is not involved in any negotiations. Things are still in a stasis and this is why you have a lot of democrats from swing districts who are up in competitive races this fall who are starting to get concerned. Theyre in the ear of the Democratic Leaders saying we have to pass a bill sometime soon. Included in this group is stephanie murphy. She is a democrat from central florida. Well i think you are seeing a level of anxiety rise within the members for their, to be a deal. Hopefully with that increased pressure we will start to see negotiations start anew. Reporter dont forget it is good politics in competitive districts to challengep nancy pelosi but republicans in districts like nebraska, don bacon feel pressure too. The philosophy of my way or the highway, take it or leave it, is not working. Our citizens see it is not working. Theyre demanding more. This group right here is showing hope. Reporter west Virginias Joe Manchin is blaming both sides in this. Right now nobody looks good. If one needs to have the advantage over the other theyre both wrong. We have a job to do. We should be doing it. There are a lot of things we need to do give a chance. Well have one more bite at apple. They cant say well do something later. Were six months getting to this point, still have nothing . Reporter there is possibility they might do some slimmed down bills. Unclear anything could pass the louse of representatives here. As they say on capitol hill, they say three things, its about the math, its about the math, its about the math. Melissa. Melissa the irony they love to spend money so not doing it, it has got to be politics. Connell . Connell talk about this with congressman dan meuser from pennsylvania. Republican from pennsylvania. He is a member of what they call the house Problem Solver caucus. That Group Released a compromise for relief aid chad was referring to in his report, congressman. Is this what saves us . Tell us a little bit about the bill, particularly if there is money for the state governments in there which i know the democrats have been pushing hard for . Yeah, sure. Ill tell you what chad said is absolutely right. I agree. We keep offering opportunities to come to the table, the president does, the senate does twice, the house does, the Republican Leadership but were listening to our constituents back home and i sumos democrats do as well but you wouldnt know it from what is happening, what is coming out of Speaker Pelosis office. Yes, i am part of the Problem Solvers caucus and what we do, we have 25 republicans, we have got 25 democrats. Im a conservative republican and we did, however, come to an agreement. We came to some terms. Now i dont agree with a good amount of what is in that proposal but i agree with enough of it to advance it along and have others and we as caucuses work on a bill that serves the American People during the height of a crisis that were dealing with here. You know nancy pelosi once again and the leadership simply wont address the needs of the people. Theyre focused on the needs of their politics. Even democrats are getting fed up. Connell but in the bill you do have some state and local money, right . Again that seems to be, if that was in there, know a lot of republicans dont want it in there, if that is in there, that seems what democrats are pushing so hard for, at least what they say . It is in there. There is 400 billion in the Problem Solvers caucus bill. Meanwhile, most states, even pennsylvania, still have money from the previous cares act. So there is a tremendous amount, only, only 100 billion less than the heroes act. Now i need to see before i would vote for such a bill where that is going. I hope a lot of it, a lot needs to go to transportation infrastructure. But again how close is that and yet the democrat leadership comes out and denounces the bill, virtually hours after, not the bill, the proposal from the Problem Solvers caucus. So once again, just playing politics. Connell right. Unwillingness to negotiate. Real willingness to keep the issue alive and not solve the problem. Connell yeah. This isnt going 20 get done is it, congressman . Well connell besides what you want to see happen. You know how these things work. Talking about it last two years has been very, very disappointing. Incredible amount of opportunity lost. The 116th congress should be embarrassed what wasnt accomplished. Anytime, two times, that it has come down to it and people start demanding and we see moderate, if you will democrats coming out and going up against the leadership, and we had 25 members of the Problem Solvers caucus, 25 democrats that is, supportive of doing something, it is in 1. 5 trillion range, we then usually, we go gotten breakthroughs before. I think we can deliver for the American People. The president wants to. Republican leadership wants to. We need nancy pelosi to negotiate and do whats right in the interests of our economy, of our schools, of the rioting in the streets and in finding remedyies and vaccines for the virus. We can all agree on that. Connell do you hear from democrats a lot . Your state is pretty split in pennsylvania. Youre a republican. But you got a bunch much members of your delegation are democrats. Do you get together to talk about it . What are they saying . That would get it done, right, if there is pressure from the moderate side of Speaker Pelosis party, that would be what it would take i think . You would think. Once again you had 25 members, excuse me, Democrat Members of congress on the Problem Solvers caucus that have signed off on a 1. 5 trillion bill to deliver much aid for schools, stimulus checks for families, additional ppp for businesses, some vaccination funding, yes, some funding for states, unemployment compensation, there is a lot there, yet the democrat leadership came out to denounce it. Why . Why . Do they want to keep issue going, solve problems for people that are suffering businesses that are suffering, restaurants are going under . The American People have got to speak out here and let them know they expect some action. Because were speaking out all day long. Connell a lot of frustration definitely on both sides from the people as you say. Congressman, well keep an eye on this. Our president is willing to make a winwin compromise. Thank you. Connell congressman dan meuser from pennsylvania on capitol hill. We appreciate it once again. Melissa. Melissa that was emphatic. Taking paid time off for a week, new york city mayor bill de blasio and his office with a oneweek furlough. Good for them because of the budget crisis. The move will impact 493 people plus the mayor and his wife who is on the city hall payroll. Saving 860,000. The budget deficit for new york this year is 10,000 times larger at about 9 billion. In one week he will skip a paycheck for one week. Good for him. Plus President Trump speaking at the white house at the top of the hour. We which bring it to you just as soon as it starts. De blasio. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. And now your copilot. Still a father. But now a friend. Still an electric car. Just more electrifying. Still a night out. But everything fits in. Still hard work. Just a little easier. Still a legend. Just more legendary. Chevrolet. Making lifes journey, just better. These days, businesses are adapting to new ways of working. And innovation is at the heart of it. Verizon 5g ultra wideband is the fastest 5g in the world, with speeds up to 25 times todays 4g networks. Its massive capacity and ultralow lag time is already available in parts of select cities around the country. Which means businesses both large and small can innovate like never before. Melissa sally slamming the gulf coast with heavy rain and dangerous wind. Forecasters warning of the potential for lifethreatening storm surge and flash floods, as the storms slow movement is expected to have a disasterous impact. We have Fox Team Coverage with Grady Trimble on the ground in foley, alabama, and Rick Reichmuth live from the Weather Center. Grady, lets start with you. Reporter Melissa Sally made landfall not far from here in gulf shores, alabama early this morning before moving here into foley leaving a path of destruction in its wake. This is what used to be a gas station. Now ripped to shreds, metal everywhere. Of off in the distance there is another building missing a roof. As you drive around foley and gulf shores you see scenes like this all over the place with downed trees and power lines causing issues in neighborhoods all over this area, along with the Flooding Issues that they have seen. Some parts inland because the river levels rose and the rain came down at extraordinary rates. In other areas like gulf shores because that storm surge moved on to shore when the storm did and, in fact, we tried to get over to gulf shores which is right along the gulf coast and we were not able to because the road is still closed there. Here in alabama nearly 300,000 people without power. The situation just as dire in florida. Downtown pensacola also dealing with a the storm surge and several feet of rain that caused issues there as well. Another 300,000 or so people without power there. So its time for the cleanup to begin here as people have started to assess the damage, but there is still a curfew in place for many communities including here as well as mobile as crews are trying to restore power and people are trying to pick up the pieces after so. Was destroyed here. Melissa . Melissa wow. Grady, thank you for that. Lets get to Rick Reichmuth in the Weather Center with the latest on the storms path. Rick. Rick incredibly active Hurricane Season not letting up at all. A number of storms we watch behind this, i got to tell you. These are the verified wind gusts, 99 mileanhour in alberta, alabama. Officially came onshore, 105 mileanhour winds, it will weaken once over land but a lot of moisture will fall. The threat of flooding next few days, where you see the red to moderate risk that is a very significant risk of flooding across a very big area including a lot of big population zones along charlotte, at tan la, montgomery. The flooding across parts of the panhandle is really extreme. The 75 mileanhour storm, center has moved on land not very far. It will pick up eventually forward motion. Right now moving five miles an hour. It is that slow Movement Really caused all the problems with the incredible rainfall totals coming from this. The other thing we always deal with in Tropical Storm when they make landfall, is tornadoes. We have a tornado watch, i think well see that extended later tonight and into tomorrow by the time the storm moves into north georgia across the carolinas. Take a look at this, anywhere you see this white, that is rainfall totals of 24 inches. The model we set up with this map only goes to 24 inches. A lot of area getting rain in addition to the storm surge on the shore. That is why the flooding is so extreme. Over next couple days heaviest rain will track because we have all kinds of flood warnings there. Another storm is out there. This is hurricane teddy, melissa, getting close to the bermuda, canadian maritimes or maybe maine. Well watch later on. A couple other storms behind there will be wilfred next day or so. The next name we have in the alphabet. Then we have to go to the greek alphabet. Such a busy season. Melissa . Melissa that is unbelievable, rick. Connell. Connell dealing with so many storms. It is a move aimed at trying to ease travelers concerns. Southwest airlines extending the policy it has to keep the middle seats open on the planes through the end of november. Delta currently plans to have middle seats open through january 6th. Kind of thing some people look at booking a flight these days. Melissa . Melissa all right the big 10 setting a date, voting to reinstate the 2020 College Football season with a long list of new safety protocols. Plus President Trump is set to hold a News Conference in less than 30 minutes. We will bring you straight to the white house just as soon as that happens. Oreo ushering in the holiday spirit, i love this, rolling out a Brand New Limited Edition flavor. It is gingerbread. The seasonal snack comes in five festive designs and gingerbread flavored wafers filled with oreo cream, filled with crunchy crystals. Why are we telling people about this . I want all of them. Never mind. 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. Did you know Liberty Mutual customizes your Car Insurance tada so you only pay for what you need . 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Connell to a fox business alert now on the democratic president ial nominee joe biden. He has been holding an event in wilmington, delaware. He talked about the possibility of signing an executive order if he were to be elected president on mandating masks to be worn around the country and this is how he put it. I would call all the governors to the white house and say, because there is a question, i think it can be answered in the positive, a question whether i can mandate, over state lines that every single state has to comply. Our legal team thinks i can do that based upon the degree to which there is a crisis in those states and how bad things are for the country. Connell on the same day the cdc director Robert Redfield talked about the importance of Wearing Masks but that looks like an adjustment, melissa to bidens previous comments talking about the legality of it as he called for a national mandate. Now as he says himself there is some question whether he could go forward with that. So there you go. Melissa yeah. All right. So the stalemate on capitol hill drags on we were talking about that earlier in the hour. President trump as we mentioned calling on republicans to go for a higher number on stimulus as nancy pelosi and Chuck Schumer want to go back to the negotiating table. Meanwhile cities are trying to rebuild after both covid and the rioting and looting that weve seen. David asman joins us more with this. I mean its amazing when you look at kind of these two battles, david, theyre talking about this stimulus money which seems so yesterday. At the same time were looking at reports which are now trying to estimate the insurance damages. Yeah. Melissa which are in the billions. For all of these cities around the country, who have seen their businesses torched and looted and, you know, from riots and, you know, quote, unquote, peaceful protests. Were looking on the screen right now. This one estimate for riots and true damage due to riots up to 900 million. To me that seems very low. What are your thoughts . I felt exactly the same when i saw that number. You just compare it to, remember the rodney king riots in l. A. Back i think it was in 1992. They topped out in terms of the cost to ininsurance companies of over a billion dollars. That was just one city, just one city. We just have a new report that came out from a group in princeton which suggests that of all the black lives matter protests around the country that have happened happened in the pr months there have been 570 of them that turned into riots in 220 different locations all over america. You have got to of course milwaukee which is where it started, new york, portland, seattle, kenosha, rochester, pittsburgh. Virtually every area of the country has been hit by these riots that destroyed thousands of businesses, all over america. So i would think the final number, if just one riot cost a billion dollars in todays currency, that was l. A. Back in 1992, i would think 570 riots in 220 different locations would be multpells, at least in the tens of billions of dollars . Melissa 570 riots, is that what youre saying, that is what they calculated . We should emphasize by the way they included all the demonstrations. That is still a minority. Overwhelmingly these protests remained peaceful. That is the major conclusion but 570 riots is not nothing. It is a huge number of cities that have been engulfed by these flames. Melissa yeah. A large number, i would guesstimate would be tens of thousands of businesses at least temporarily destroyed as a result of this. If i can switch back now, to the coronavirus kerfuffle that is happening between pelosi and the president. Melissa yeah. And pelosi and the rest of the republicans, the interesting thing is that pelosi has two battles, one with republicans but also with moderates in her own party that want to cut a deal before the election. Apparently Speaker Pelosi doesnt want to hand any victory to the president before the election. She is playing hardball with a figure that is at least a trillion dollars more than any republican would pay because it bails out a lot of cities and states like new york that have spent terribly over the years. Gives them free relief. That republicans wouldnt accept but there are a lot of moderate democrats, i shouldnt say a lot, but a number of moderate democrats, including max rose, from staten island, moderate from new york, who says make a deal. We got to have a deal. People are suffering and that suffering is worth a lot more in terms of our job description, what were supposed to be doing while were here in washington than anything else. Melissa yeah. Well wait and see how this all turns out. It is a very interesting confrontation here. Melissa it is. I would just say in closing that that number, financial estimate, thats insurance estimates on what theyre paying out. Almost every person weve had on to talk about their store being firebombed and burned to the ground or any of the losses they have suffered, they have not had insurance or not covered by insurance that could be that discrepancy. So you look at washington failing these people and then also they dont have insurance and theyre just sitting there saying what am he supposed to do . Does anyone care . Its awful. We care. We care. Melissa we do. Connell much more to come. Well go live to the white house as soon as President Trump begins. He is supposed to hold a News Conference there in just a few minutes. So again as soon as it starts. Well be there live. Well be right back an Important Message from medicare. 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Reversed the decision not to flay football in the conference during the fall. They will play starting october 24th, what they describe as significant protocols in place. Here to talk about it, fox newss abby hornacek. I said it is about money and politics. I know they dont get all the tv money back, playing all games even without fans, they will get some of it. A lot on the line, right . Definitely. You talk about the television contracts but also the local economies. You dont need to be a market analyst for me to tell you that the local economies lose out big time by the lack of College Football. To give you a specific example, just in the 2018, 2019 season alone Michigan Football brought in 122 million in revenue. These are numbers very significant in these local communities. Connell thats the part they will probably still lose out on if they dont let fans, you can fit one hundred thousand people into some of these stadiums into them. Right. Connell big tenet work, other Networks Without them on tv. That is obvious. Michigan, michigan state, wisconsin, penn state, those are all swing state teams. I dont know how if at all it pushes into the president ial race but President Trump was pushing hard for them to play, right . He wanted them out on the field. He did, yeah. There are a lot of implications when you talk about this and i think part of it is the optics of the big 10 too. You have three other power five cone presences playing. Acc, the sec and the big 12. The big 10 is going, if theyre going to play we need to play. It is very important for the kids, for the political implications. I think optics of prioritying profit over safety around health of these guys who are playing and the fans. Connell right. And to take politics out of it in the pac 12 i just saw right before we came on gavin newsom said in california there is nothing he is doing as governor to stand in their way. They havent made announcement. Interesting to see what they do. The other conferences are playing. Big money conferences and whether the pac 12 follows. I guess they probably will if other people are going. Well see how it goes. Well each state also has its own rules and what, how to deal with covid19 and regulation. So that is why were seeing some conferences being a little bit later than others in coming back to College Football because there is a lot to consider like you said, depending on the governors of states too. Connell on the professional level because there is talking about this yesterday from the point of money, we had a member of the miami dolphins, Christian Wilkins on talking about some other issues but he is very interesting to speak to because we got into the end of the interview i was saying to him he gets paid now to play the sport. You get that with risk involved with covid19 and everything else, those guys are getting paid every sunday whereas College Athletes are not. It brings up that argument but in the nfl one thing we did notice last weekend, getting a lot of attention, maybe too early to go crazy but the tv ratings, they were huge for some games, tom brady was out there against drew brees, that was a huge number for fox at a 4 00 game, the numbers overall were down, from the opener last year. Should we make anything of that, do you think . I think we should. It makes that game got a lot of attention because tom brady now plays for the buccaneers. Who didnt want to see how tis debut would be. I think it is indication of people decline watching nfl. There is no excuse to watch. Everyone is at home. People are excited for the return of sports and fancy football, people who have not been able to bet a long time are now betting. Saw sunday night football, that dropped 22. 2 million viewers. It fell to 14. 6 million this year. So it is definitely a lot to consider. I think being an Election Year we saw similar declines in the 2016 election but, to that point, there were some direct conflicts between some of those games and the debates that were happening which obviously wasnt the case this year but it is something to consider. You also talk about the safety of the players. That has been ppe and covid19. There has been a lot, connell . Connell yeah, there has. Oh, boy, it has been some year. Obviously not just in sports. Well see how it goes on the college side but also the nfl. Always good to see you, abby. Abby hornacek. While she is here, the new season of her fox nation program, called parked a look at all the national parks. Subscribe and watch parked with abby hornacek. Melissa looking for work . Amazon holding a massive job fair. President trump will hold a News Conference. Well bring you straight to the white house as soon as i see an unbelievable opportunity. It begins 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. 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. Muck. Melissa amazons career day, the company is looking to fill thousands of positions. Its holding its annual event for job seekers virtually for the first time and could be the Way Companies hold job fairs in the future. Susanly is in the susan lee is in the newsroom with details. A lot of jobs are up for grabs. Unemployment is still at historically elevated levels, but some companies are thriving during this pandemic, record profit from march to june, and they have to sure a lot of people. 33,000 corporate tech jobs, as well as 100,000 theyre adding to their payroll. And these are are pretty high pawing jobs, 150,000, and that does include some stock benefits as well. As i mentioned, corporate tech and looking for new york, wholesale washington and enticing work if home virtual positions. Those are the top three right now in terms of locations. And amazons looking at engineering, marketing, human resources, finance and operations. And as its all part of that 100,000 extra positions that amazons adding on top of the 170,000 that they hired in march and april. That was mostly for their full fullment centers. We know theyre paying a minimum wage of 15, extra a paw during covid as well pay during covid as well. This company is booming, jeff beis cemented as the worlds richest man. Melissa well, theyre going to have to pay people a lot extra in order to come to new york. I saw those new york jobs on there, thats for sure. Susan, thank you so much. We want to let people know that the president has been tweeting and said that they are moving the press conference that we were waiting for to 5 45 now. We had thought it was going to start any minute, now its looking like its going to be closer to 5 45. You definitely want to stay tuned for that. Thank you so much for joining us here today. Connell and i. After the bell, we will see you back here tomorrow at the very same time. Lou dobbs tonight starts now. Lou good evening, everybody. President trump this hour will hold a News Conference in the white house Briefing Room. The white house has to this point given us no guidance about what President Trump will be addressing, but we will be taking you to the Briefing Room as soon as he approaches the podium. We are, once the president is there, well be taking the conference in its entirety. The administrations focus today was on the response to Hurricane Sally and the devastation that hasen sued. Has ensued. That powerful storm has now been