Transcripts For FBC After The Bell 20240712

Reporter what a difference a day makes, right . A major turn around for the markets. The dow on pace to snap a threeday losing streak. The s p and nasdaq on pace to snap a fourday losing streak. The dow up 139. Nasdaq up 184. It is all about the technology, my friends. Apple, amazon, microsoft, google, facebook all up today. Amazon leading those fang stocks. Why . Bernstein upgraded that stock saying the selloff in that stock was a good reason to buy. Dont hold back here. What the bernstein analyst had to say. What else is going on . Interestingly tesla, battery day, weve been talking about them on the network all day long, right . If you want to know what the big money thinks, guess what . One analyst says this would be a snare tiff change for tesla. An important day. Stock is down as you see. What is going on . Elon musk saying company will not likely reach selfsufficiency in batteries until at least 2022. Well definitely watch that, well definitely watch battery day. So far not so great. Existing home sales on fire here. This is an important part of the economy. Home sales in august up 2. 4 , month over month as you can see right there. Hitting highest levels since 2006. Hit way back 14 years ago. Rising for the third consecutive month. A big day for stocks. A big day for the economy when you look at the existing home sales. Back to you. Connell very strong. All right, gerri. Lawmakers battling to reach an agreement on a new spending bill. Have to get it done by next week to avoid a Government Shutdown. Meanwhile not republicans meeting to discuss the vacancy on the Supreme Court a lot happening in washington. Blake burman from the white house all the details for us. Reporter connell, President Trump saying earlier this morning he will unveil his Supreme Court nomination over here at the white house on sat i today. The president got an assist today from someone within his own party he usually dungs on, that being mitt romney. The out saw senator saying the confirmation process should go forward. It increases chances that president could have Ruth Bader Ginsburgs seat filled potentially here in the coming weeks. I havent spoken to him about senator romney but senator romney is recognizing what any of us who take a cleareyed look at precedent recognize, that the precedent is on our side here. 29 times has there been an appointment during an election year. 29 times. Reporter you mentioned that spending bill. Republicans and democrats still have to hash out by next thursday a shortterm bill to fund the government. Funding for farmers remains a key sticking. At this hour. Some harsh words today from the Senate Majority leader Mitch Mcconnell who contends that democrats are abandoning farmers while democrats say they want to get a deal done. It basically is a message to farm country to drop dead. If you dont do what weve automatically done, largely without negotiation in the past, which is to replenish the ccc. Were committed to arriving at an agreement because we dont believe the government should shut down. We are not the party of Government Shutdowns. They are. Reporter connell im told over here at the white house theyre continuing to monitor the negotiations up on the hill. As you can imagine the white house like everyone else doesnt want to see a Government Shutdown coming up from a week next thursday. President trump is set to leave the white house hour 1 2, headed to pittsburgh, pennsylvania headed to a Campaign Event there. Connell just one of those just about every night these days. Thank you. Blake burman. Melissa. Melissa treasury secretary Steve Mnuchin and Federal Reserve chairman Jerome Powell testifying on capitol hill today. The duo addressing the need for more stimulus as parts economy continue to struggle. Talks between democratic lawmakers and the administration have stalled. Edward lawrence with the latest. Edward. Reporter both treasury secretary Steve Mnuchin and Federal Reserve chairman Jerome Powell say Congress Needs to act, put more money into this to help Small Businesses. Now both of them say Payroll Protection Program as well as the cares act in general helped boost this economy and save possibly 51 million jobs. Listen to this. A big part of the, of the good Economic News that we have had results from the fiscal support that came with the cares act. So it deserves a lot of the credit for keeping people spending and keeping people, Business Confidence and household confidence high. Reporter powell field ad lot of questions why the main Street Lending facility for companies has not attract as many takers. He said 230 loans for two billion dollars has been allocated or in the pipeline. Still a far cry from the 525 billion given under the paycheck protection program. Financial services chairwoman Maxine Waters wants to know the facility could not give loans under 250,000. I would be fine lowering that to under 250,000. I will consult with chairman powell. There is not much interest below a million dollars. It would have to be a different kind of facility. It wouldnt look like main street. Reporter the bottom line the economy is doing well cord to those two, moving forward to boost it more. Both of them believe another fiscal stimulus policy is needed. The fed chairman says the projections the Federal Reserve has with gdp growing at 5 next year is assuming that there is another fiscal package happening. He would not say how much. Quickly in another speech, charles evans, the president of the chicago fed said he thought the next package should be 500 billion to a trillion dollars. It is first Federal Reserve chairman, or Federal Reserve president actually put a number to this. Back to you. Melissa those are enormous numbers, edward, thank you. Connell . Connell lets talk to doug holtzeakin about this. Doug the American Action Forum President , former Congressional Budget Office director. Talk about all the numbers we want. The political reality seems were not getting stimulus anytime soon or relief, whatever you want to call it, before the election. Do you agree with the two gentleman, jay powell, Steve Mnuchin, it is still needed . I think they made the case you need targeted relief in certain parts of the economy. Certainly secretary mnuchin mentioned aid to schools, getting schools reopened. There is a lot of money that could be used for ppe, for testing, for modifications to schoolrooms. That would be helpful. Some of the senate provisions included the same kind of assistance to businesses. If they had to modify their work spaces so employees come back safely and customers can shop safely. There are things that congress can do that can help boost the recovery even more. This is not a situation where simply writing a big check, 3 trilliondollar heroes act is really the right thing to do. You have to figure out your strategy and execute on it. As you point out not much is looking like it will happen. Connell almost a foregone conclusion now, especially what weve seen the last few days, that were not getting there. Right. Connell please tell me though, at the very least they will be able so avoid shutting down the government. What do you think . I think they will. That appears to be on a completely separate track. The continuing resolution is something that administration and Speaker Pelosi in particular agree while that should go through in quote, clean fashion, thea onl oy a apleplein on ofieces piecesffagreemenagreeme. Atats the end endatat short sho shoho they seethey seem have settltlen ecy i i i dec decemec d the the t we we g goingng to t monto the comdiomdi corpoon assis a a rm that i big a big stickinnt at moment. Col l l tal talk t hea hea cainute. You you e wrabotouttoday. Ayay th ere has as bee a of of o tal abt since sincece the dhe dhehr rbaginsburgginsburgausergrgooko ke likeratsra make thisthis a a bigssuess,ue big bgergengent already hay y n in thehehe gn. Gn ereere a healt hhealt car rel rd theeto befor the suprsueme cee shortlyhortlyho at elecelti. Theutheurehe o oba omacarecacao affoafrdable care arace e e msme up for discussion or debate again. How do you think it all plays out . I think it is amazing. Here we again are talking about this law. It has been a decade. Were still talking about the future of the Affordable Care act. To me all the attention focusing on likely reimas for Ruth Bader Ginsburg and their attitudes towards the Affordable Care act really misses the point. The key is the u. S. Senate. If the law is struck down there will have to be some replacement provisions f republicans control the senate they will have some say what those look like. They will have to negotiate with democrats to get it done. That will be a hard work but that is a key piece of it. If somehow democrats take over the senate, youre going to get the Affordable Care act on steroids back. So there is really no scenario in which the law doesnt get changed if it gets struck down. It could come back in small pieces or come back in very big form. Really depends on the senate. That is the key race. Connell your larger point that control of the senate is more important if this is your priority than the next Supreme Court nominee and thats interesting because there has been a lot of talk the last couple days maybe republicans are willing to pay a political price, hypothetically for getting their Supreme Court nominee through but youre saying it wouldnt be worth it about that price was control of the senate . If you care only about health care, and Affordable Care act in particular, that seems like the wrong focus. It is the senate that matters, not the Supreme Court. If you want a Supreme Court with more conservative justices for many, many years to come, then thats the right focus. Those are two very different questions. Connell right. It is a much broader question when youre talking about the Supreme Court rather than the Just Health Care but in the short term though, if you want to get something through you have to have the senate in your control and criticism of the republicans quite frankly of the last few years and the president , there just hasnt been a plan. President said i will have a plan in a few weeks, even today, Kaleigh Mcenany said it and there hasnt been a plan. Were hearing rumors again there will be more executive orders on health care that will be rolled out this week perhaps thursday at an event in north carolina. I look forward to that eagerly to see what those might be but i think the reality is there was a huge missed opportunity early in his presidency with failure to get a genuine repeal and replace of Affordable Care act through. Since then there is no chance to anything legislatively. At that is what you need in this situation, legislative action that gets a bill to the president to sign. Connell that seems like so long ago, that battle we had. Doug, thank you, always good to see you. Douglas holtzeakin from washington with us. Melissa, back over to you. Melissa all those battles just piling up, not making a lot of progress though. Anyway, taking action against the second wave, uk Prime Minister Boris Johnson ordering a range of new restrictions to combat the rapid rise of coronavirus cases across the uk as the Company Moves to alert level four, the second highest level on the alert scale. The Prime Minister warning britains to not expect to return to a normal social or work life for at least six months . Oh. Unless we take action the risk is that we will have to go for tougher measures later when the deaths have already mounted and we have a huge caseload of infection such as we had in the spring. Melissa sounds awful. All right, restrictions set to go into effect on thursday including new requirements for pubs, restaurants and Entertainment Venues to close by 10 00 p. M. In all areas of england. That seems reasonable. It urges people to work from home where possible. Well be right back. Hi, im pat and im 75 years old. We live in the mountains so i like to walk. Im really busy in my life; im always doing something. Im not a person thats going to sit too long. In the morning, i wake up and the first thing i do is go to my art studio. A couple came up and handed me a brochure on prevagen. Ive been taking prevagen for about four years. I feel a little bit brighter and my mind just feels sharper. I would recommend it to anyone. It absolutely works. Prevagen. Healthier brain. Better life. Aso the national eye instituteon did 20 years of clinical studies on a formula only found in preservision. If it were my vision, id ask my doctor about preservision. Its the most studied eye vitamin brand. If it were my vision, id look into preservision. Only preservision areds2 contains the exact nutrient formula recommended by the nei to help reduce the risk of moderate to advanced amd progression. I have amd. It is my vision so my plan includes preservision. So youre a small bor 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. Connell fox business alert from nike has just reported better than expected earnings and the stock is up big time, 8 plus in afterhours trading. 95 cents per share, the most recent quarter for nike. The wall street estimate was down at 47 cents. Obviously that is much better than expected. Revenue also topped expectations at nearly 10. 6 billion. So nike, it seems like on the strength of sales being up in china, its revenue in china went up by 6 as china bounces back from the coronavirus while north american revenue down 6 . Nike look for that stock a big gainer tomorrow. Up 7 in the afterhours. More on that to come, as we continue, big shoes to fill. Senate republicans vowing to give President Trumps eventual Supreme Court nominee on the floor to replace the late Ruth Bader Ginsburg. The numbers, as we bring in foxs chad pergram live from capitol hill. The numbers for republicans starting after today looking good, right, chad . Reporter thats right the numbers are working in the republicans favor and the reason, Senate Majority leader Mitch Mcconnell has been talking to a lot of senators the past couple days, mitt romney, the republican senator from utah indicated this morning he thought it was appropriate to go ahead and consider a Supreme Court nominee this calendar year. That probably guaranties them the votes to go ahead later this year. Here is Senate Majority leader Mitch Mcconnell on the schedule. The next step will be for chairman graham to lay out the way to handle this in committee. When the nomination comes out of committee, then i will decide. Reporter democrats are still fuming over the way republicans blocked president obamas nominee for the Supreme Court in 2016 merrick garland. Senate democratic leader Chuck Schumer said republicans argued the next president should pick that nominee. He accused republicans of duplicity. Were supposed to believe this specious, flimsy, and dishonest argument that it is about the orientation of the senate and presidency or how angry republicans are against democrats and big scary things we might do in the future. Reporter other bit of news on capitol hill the house of representatives was supposed to consider an interim spending bill to avoid a government shut down at the end of the month today. That has hit a snag. Im told in the past 30 or 40 minutes they might reconsider a retooled bill tonight. That according to majority leader steny hoyer. Nancy pelosi and secretary of treasury are trying to speak by phone to reengineer this. They have a little bit of time. The problem is a provision important to farmers not in this piece of legislation. In fact Senate Majority leader Mitch Mcconnell said leaving this out, the message to the farmers, his term was quote drop dead. They have to work this out in the house of representatives first. The speaker is talking to mnuchin. If they get that worked out, they will put that on the house floor later tonight, then move it over to the senate. Back to you, connell. Connell i guess that couldnts as couldnts as progress in todays washington. Thank you, chad pergram as always on capitol hill. Melissa, talking about mitt romney or chad was in the beginning, that was a big headline earlier today. Im not sure we should be too surprised by it. He is not a big fan of the president. Mitt romney is conservative guy at the end of the day, he goes with the conservatives. Melissa right, or he is delivering on what his constituents would want him to do regardless how he feels about President Trump. They want to see a conserve conservative judge, somebody who will not read things into the constitution they dont think it is there. I dont think its a big surprise. Lets ask James Freeman from the wall street journal and a fox news contributor. James, now the way the pins are lining up in the lane here, it seems like it is kind of a winwin for the president on this particular issue because either he gets a judge of his choice seated, and then ostensibly, you know that would look like a victory and could help him in the eventual trump versus biden, you know, Supreme Court case over who won this election, you know, maybe coming down the road. If they dont get a judge seated, it really fires up the right, you know, that he had this opportunity to do it. There was time. They moved. And you know democrats blocked it. What do you think of that analysis . Well, i think there is a recognition that this seat needs to be filled. The president and the senate need to fulfill their constitutional duty. As far as how it affects politics i think it is really a wild card. Depends a lot on how the nominee does under the spotlight but i think it is an absolute necessity this year, given the pretty significant changes states have made to push deadlines, to change how voting is done. Now you have very aggressive state court judges in pennsylvania, michigan and elsewhere, basically taking it upon themselves to rewrite the clear intent of their state legislatures when it comes to voting rules recently. So we absolutely need a Supreme Court that is ready to yield decisions and not ties which then continue uncertainty if there is any dispute and it looks like unfortunately there will be over the results of the election this year. Melissa well, for example, i mean, you bring up a really good point. I was looking in the hill just before this, i think it is in a bunch of other places as well, there is a case in pennsylvania where now the gop is asking, is trying to bump up to the Supreme Court to get them to rule on the idea they changed the law in pennsylvania, you can have your ballot postmarked later than before, right . So we could see a, we could see a really consequential case about which ballots count going to the Supreme Court right now before anyone new is seated, is that right . Is that what youre talking about . I would say it is even worse than that because you have a state judge which essentially changed the date that was in law. So, you have a lot of these disputes going on in states. This is a moment, maybe more than any other in our recent history where we need a, a full Supreme Court ready to tell us ultimately what the law says. And, that is why i think, whether it helps or hurt trump well find out but i think he has a responsibility to fill this seat because the country will need a completely functioning, 100 ready judiciary, given what were seeing in these election rules. Melissa what happens if they decide on a case like this 44, before they have the last person, what does it mean . Well you could have kind of a chaotic situation where the, essentially the ruling of the Appellate Court would hold but if we have several states, different parts of the country having these disputes, you potentially could have different rules in different parts of the country handed down by different federal courts and of course this is why we have a Supreme Court ultimately to make the final decision on what the law says, what the constitution directs in a certain situation or what the laws say and their correct meaning. So this is kind of a textbook example i would say where you need a Supreme Court at its full compliment. I would add one thing in terms of mr. Romney, i dont know if it proves he is conservative. You look at his whole career really hard to tell what exactly he believes given he has move ad bit but i think what it does show is a recognition this is the appropriate thing that many times in election years they have filled seats and that, i think also you see all the republicans lining up. I think they are confident that youre going to get from President Trump and, for Mitch Mcconnells leadership what they have seen for years now, which is, highly qualified, prudential, impressive people being put up as nominees. They dont know who it is yet but i think they know from the list that has been put out. They know from justice, justices gorsuch and kavanaugh beforehand, you will get a blue chip legal scholar with a high level of intellectual horsepower. Melissa james, great points on romney too. I would love to talk more. But were ought out of time. Youre the best. Connell. Connell quick note on football. The nfl Standing Firm on its mask policy. The league fined several head coaches 100,000 each for breaking the coronavirus protocols. Three of them spotted without masks on, on the sidelines and the teams also, the coaches teams were punished with 250,000dollar fines. Its the ones that got away that haunt me the most. [ squawks ] cause youre not like everybody else. Thats why Liberty Mutual customizes your car insurance, so you only pay for what you need. What . Oh, i said. Uh, this is my floor. Nooo only pay for what you need. Liberty. Liberty. Liberty. Liberty. Here . Nah. Here . Nope. Here. When the middle of nowhere. Is somewhere. The allnew chevy trailblazer. Connell battery day. Finally here. Talking about teslas annual Shareholder Meeting which kicks off in a few minutes. That is followed up by unveiling socalled million mile battery, which tesla hopes will be a gamechanger for the industry. Gerri talked about how the stock had a rough day. Susan li in the newsroom, following after the bell details on this for us. Susan . Susan connell, not exactly elon musks style to underpromise and overdeliver. Last night he tampenned expectations for battery day, despite the fact he is hyping exciting things to come. Shareholders meeting starts at the bottom of this hour. Last night, bring up the tweet if we can. Here he says, Important Note about tesla battery day tomorrow. This affects longterm production, especially semis, cyber trucks, roadsters, what we announced will not reach serious high volume production until the year 2022. What he says you shouldnt expect any battery ramp for two more years. However Analysts Expect them to unveil a new battery cell type later today. Hoping for more durability in the batteries, not necessarily million miles. If you get 100,000 miles per battery, at least how long they last. That should bring down how much they cost. Electric batters, that to make it on par with gasguzzlers. Hopefully people drive electric cars as well. For shareholders were expecting update on deliveries. Elon musk is promising 500,000 cars delivered this year. You have 90,000 the first two quarters of this year. We also had an email being leaked by elon musk telling employees we are very close, we have a shot at Record Number of deliveries in the third quarter. Which means more than 112,000 they delivered at the end of last year. That will be a catalyst for the stock if we get updates on deliveries. Any improvement when it comes to battery tech that should be a catalyst for the stock as well. People were kind of disappointed with the tweet last night. You never know, elon musk might change his stripes and might underpromise and overdeliver. Well have to see. Connell he can be unpredictable from time to time. The meeting stars pretty much now, maybe an hour plus until we get battery headlines. Susan 90 minutes. Connell okay. Well come back to you. If we need it. Thank you, susan li. Melissa. Melissa all right, the push to hold china accountable. Well talk to general jack keane about President Trumps message to the country over its handling of covid19 at the u. N. General assembly. That is next. Plus baseball without the fans creating a nightmare scenario for businesses that rely on packed stadiums for their survival. Nasa unveiling details of the artemus moon program. Calling for 28 billion to land the next man and the first woman on the moon in 2024. Maybe it will be me. The astronauts will collect samples, conduct scientific experiments, search for resources that can be extracted and converted to oxygen and fuel. Oh, boy, im in well have you tried thinkorswim . This is totally customizable, so you focus only on what you want. Okay, its got screeners and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. i need it so bad dont call it a hobby. Its way more than just a job. This is how we live every single day. Can we go and play . roaring of engines i needed to try needed to fall i needed your love im burning away i need never get old im burning away good job, michael does. Ok, lindsey now tell the class what your mommy does. My mom has super powers. Its like she can see the future. 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. 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. Than Rheumatoid Arthritis. When considering another treatment, ask about xeljanz. A pill for adults with moderate to severe Rheumatoid Arthritis when methotrexate has not helped enough. Xeljanz can help relieve joint pain and swelling, stiffness, and helps stop further joint damage, even without methotrexate. Xeljanz can lower your ability to fight infections. Before and during treatment, your doctor should check for infections, like tb and do blood tests. Tell your doctor if youve had hepatitis b or c, have flulike symptoms, or are prone to infections. Serious, sometimes fatal infections, cancers including lymphoma, and blood clots have happened. Taking a higher than recommended dose of xeljanz for ra may increase risk of death. Tears in the stomach or intestines and serious allergic reactions have happened. Dont let another morning go by without asking your doctor about the pill first prescribed for ra more than seven years ago. Xeljanz. Twow jim, could yous spop the hood for us . There she is. Turbocharged, right . Yes it is. Jim, could you, uh, kick the tires . Oh yes. Can you change the color inside the car . Oh sure. How about blue . Thats more cyan, but. Jump in the back seat, jim. Act like my kids. How much longer . Thats exactly how they sound. Its got massaging seats too, right . Oh yeahhhhh. Oh yeahhhhh. Shop from home or inperson to learn more about the mercedesbenz sedan family. Lease the c 300 sedan for just 449 a month at your local mercedesbenz dealer. President trump china lockdown domestically allowing flights to leave china to infect the world. China could cone demmed my travel ban on their country even as they banned domestic flights and locked citizens in their homes. The chinese government, the world holt organization which is virtually controlled by china, falsely declared there was no evidence of humantohuman transmission. Melissa not holding back President Trump taking aim at china his speech to the United Nations General Assembly today, accusing beijing of quote, unleashing the plague on to the world. Here is now retired fourstar general jack keane, a fox news senior strategic analyst. General keane, you have been saying this since the beginning, that is exactly what china did. That they intentionally let flights leave in order to spread the disease elsewhere around the world. At the very least thinking that their economy was going to tank, that they wouldnt mind if it spread elsewhere. What was the impact of the president s speech today . Do you think he went far enough with his words . Yeah, absolutely think he did. It was uncharacterticly short to be sure but it was direct and blunt which is very characteristic of the president and for a president who has a lot of faith in personal diplomacy, as this president has, even though he is dealing with adversaries. Even though there is idealogical divide he may have with a particular country like north korea and china, he is very much aware of those differences, he takes a lot of pride establishing a good working cohesive relationship despite those differences. That is all over here. He walked away from this relationship because he believes that president xi lied to him in the last phone conversation he had with him. I think he laid out unequivocally what president xi truly did and i agree with you, and we have talked about it before, that why did xi do this . I mean he knew he had an epidemic on his hands. He was protecting his power centers, shanghai, and beijing, finance and political, and yet he let it spread to the rest of the world . And i agree, the conclusion he would have a economic setback, he wanted the rest of the world to experience it, but particularly the western democracies and specifically the United States who he knows is his number one adversary. I believe that decision is gross negligence and recklessness and you can make a case that it is criminal behavior in terms of what has happened. And the president is absolutely right. This is the First International forum he has had the opportunity to speak at and laying the case right at president xi, like he has done and the Chinese Communist party is right on the mark and it is the right thing to do. Melissa so then what happens from here . I mean he lays out the charge at the u. N. General assembly. Do others back him up . Do you wait for a response . I mean what is the point of making a Statement Like this in this forum . What do you expect to happen next . Well there is a growing coalition that the United States is leading, as a result of the pandemic. Chinas behavior with the uyghurs, with hong kong, with their bullying and intimidation in the south china sea, all of this has been going on for some time and the United States has been pushing back on it. And we have had some support in the region but not a lot of support in other places. Given what happened here. Given the United States leadership here, global leadership, pointing right at china, not just in this forum today but prior to that, there is a growing coalition that is gathering to deal with china and there is certainly a growing antichina attitude in the United States as a result of it as well. Indeed, it is quite bipartisan. So yes, more will come of this, absolutely convinced of it. It will encourage other nations to step up. And for some nations it is pretty tough, melissa. Youre very schooled in this. They have economic dependence on china. Particularly emerging nation. And for them to side with the United States on Something Like this is will take an act of fortitude on their part. But the United States is putting their arms around these countries and urging them to join this coalition. Melissa i mean i imagine that what would happen in the near term, the idea some kind of economic isolation and maybe sanctions or maybe reparations. In any case, that all of it would be mostly financial pressure until they changed their behavior. Im sure youre aware that there have been those who have come out in the media, who have been on with Tucker Carlson talking about the idea it is even worse than we think. It was even more intentional than just letting people who got sick leave the country. What do you think of those reports . Is it possible that it is even worse than what were saying here . Nothing surprises me when it comes to the Chinese Communist party and their maligned and aggressive behavior. So i think our Intelligence Services are all over this. Look at the confidence from which the president was speaking to an International Body today about blaming china unequivocally. This was not, this wasnt a rally in one of the Battle Ground states in the United States. This was the International Forum in the world. And he spoke unequivocally to this problem. And it will, it will resonate and things will happen as a result of it. Melissa general jack keane, you made a great point at the beginning as well, it was a speech shorter than usual in that he was on prompter. They had talked about it. There was a clear message. He stuck to it. That really speak what is youre saying getting out with this forum with a specific, targeted message. Thanks for coming on. We appreciate it. Great talking to you, melissa. Melissa connell, wow, that is quite a story, right . Connell it is. It is interesting. It is a much harder line as the general was talking about. Just more intelligence or politics, whatever the case may be than the president took early in the pandemic. There has been an evolution on china and the vie virus. Well keep talking about it. Fox business alert from miami. The miamidade Public School board they just unanimously voted to return to inperson learning on october 14th. Well watch that. Weve been watching miami closely anyway, according to the district there, parents have the option to continue with Virtual Learning with their children but again, theyre going back in person if they want to midoctober. Well be right back hmph. food grunting menacingly when the food you love doesnt love you back, stay smooth and fight heartburn fast with tums smoothies. Tum tumtum tum tums 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. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Stocks by the slice from fidelity. You can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save up to 400 a year on your wireless bill. With the carrier rated 1 in customer satisfaction. Call, click, or visit your local xfinity store today. Connell so Major League Baseball of course has been pressing on amidst of the coronavirus pandemic but from a business perspective the local businesses that are located in the neighborhoods surrounding the baseball stadiums, they have been struggling and, you have no fans at the games. You have basically no tourism in these cities. The future of the Retail Stores and bars and restaurants across america remain unclear, to put it mildly. Lets bring in christina, from wrigleyville, the wrigleyville sports director of retail. Thanks for coming on with us, christina. This is big attraction in chicago, people going to cubs games, going to wrigleyville and other places around the country, you have usually 40,000 people whatever it is coming to the game. They come to your store, buy up the merchandise. That is obviously not happening this year. How do the numbers came to a norm mall year . Are the numbers almost down that zero . What do they look like . Everyone in the Sports Licensing industry has had a challenging six months. That is what youre saying the brickandmortar sector of the business is so significant. There is this perception if you have the ability to sell online or you have implemented Curbside Pickup that you have been able to make up that deficit but the reality is for those of us around the stadium, around the ballpark were not able to do that without that foot traffic and those 40,000 fans that usually descend upon wrigley. So as a company right now, even though were seeing the Online Business doing well, as a company were down upwards of 60 compared to last year. Connell okay. And you know, a lot of what you sell is, i guess, makes it tough competitively is Available Online through other sellers or whatever. Maybe people are more comfortable buying places than they used to. Whereas they used to going to the game, they come out and buy something, the question i guess is how do you get the to the place where well be back to normal, assuming normal comes back hypothetically, hopefully next year for baseball . How do you get from now until then . Well i think all of us are, utilizing as much creativity and outside of the box thinking more than ever, right . We have had to implement additional categories we may not even have thought of prior. So face coverings for instance have been a savior for a lot of us in the Sports Licensing world. Very similar to what the article had spoken about with bars and restaurants implementing various merchandise to help make up their deficit. Were all having to get creative and also think through product different and come to wrigley sports versus some ever our competitors you have to get through different destination options, chicago flag, working through Wrigley Field items itself. In general youre trying to really think outside of the box and as well as making sure youre utilizing your subscribers and loyal customers, because that repeat business is what is keeping us going. Connell i guess you can argue for them or to them it is not as crowded as it usually is. Like the old yogi berra saying nobody goes to the restaurant because it is too crowded. Unfortunately it is not because you want it to be. Have you had the government helping you out . If so, do you need more help . We had had discussion earlier in the show are whether they pass more stimulus. Ppp, all these programs, people seem to have run through a lot of the money. Where do you stand . We did receive the ppp loan. We are incredibly grateful for the government they dispersed funds so goodly. There was some good and bad, right. It was a quick fix, which was definitely helpful. However there were rules and guidelines in place how you could divide up that money, which definitely did not set us up for success long term. So yes, of course, with Additional Fund something available i think any Small Business across the country would be grateful but there was definitely, you no, longterm the ppp was not the solution. Connell right. We talked so many Small Business owners described it very well, just like you, nobody was thinking maybe not nobody, not too many people were thinking how we would be still in this and we are. You know, if youre still in a tough spot obviously. Christina, well check back with you. We wish all the best out there in wrigleyville. Thanks, connell. Connell melissa, back over to you. If youre looking to renovate your home you might have to wait a little longer than usual. Isnt that exciting . Well talk about that when we come back. This is the feeling of total protection now that we protect your identity, mobile phone, auto, home and life youve never been in better hands allstate click or call for a quote today fraudsters, theyre out into get your medicarete number so they can bill fake claims in your good name. Dont give them that chance. Just calling to confirm your medicare number. Do you have your card available . For example, if the caller says theyre from medicare, watch out. Its probably a scam. Dont give out your card number. And always check your claims statements for errors. Report fraudulent charges to 1800medicare. Guard your card. Learn more at medicare. Gov fraud. And a high risk for fracture, osteoporosis now might not be the best time to ask yourself, are my bones strong . Life is full of make or break moments. Thats why its so important to help reduce your risk of fracture with prolia®. Only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. Do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva®. Serious allergic reactions like low blood pressure, trouble breathing, throat tightness, face, lip or tongue swelling, rash, itching or hives have happened. Tell your doctor about dental problems, as severe jaw bone problems may happen. Or new or unusual pain in your hip, groin, or thigh, as unusual thigh bone fractures have occurred. Speak to your doctor before stopping, skipping or delaying prolia®, as spine and other bone fractures have occurred. Prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. Are you ready . Ask your doctor about prolia® fda approved for 10 years. Melissa one covid19related shortage you might not have seep coming, kitchen appliances. Grady trillion bl is life in gary, indiana, with the details. Reporter hey, melissa. You couldnt really see any of them coming, toilet paper, meat and now its appliances. This house is being renovated right now, and it would already be done and on the market right now except for this is the kitchen. Im standing where the fridge should be, it also doesnt have a dishwasher. There is an appliance shortage. Ryan, youre the guy flipping this house, and youve been looking high and lower and just cant find em. Been searching the entire United States, the warehouses are empty right now. Reporter because people have been working on Home Improvement projects, and there was a work stoppage, and supply dropped right down. Thats right. Everyone was buying them and left it out, normally it would take me two weeks to get a fridge, now its two months. Reporter you actually wanted a fridge for your own house, couldnt find that either, right . They told me it was a 34 month wait. Reporter you really do need it here. No one wants a house without appliances. I did get a date of october 3rd, so we should be good now. Reporter i did say its up to 2021 for some people on the wait list. Thats correct. For me on my fridge, they said maybe january. Reporter melissa, one thing you might be automobile to find, i looked on amazon earlier, a mini fridge. But that doesnt cut it for everybody. Melissa no, it definitely wouldnt work for me, grady. Thank you so much for that. Connell, you should stop hoarding all those fridges. I mean, i know you bought 15 at the beginning of the pandemic, i dont think it was that nice. There you go. Connell i got a kick out of grady. Oh, we wouldnt have seen many of these covid19 changes coming. We really thought wed be looking for toilet paper like this . Anyway. [laughter] lou good evening, everybody. All of the rhetorical venom of the democratic party, it turns out, amounts to nothing. Because it appears there is absolutely nothing now that they can do to stop President Trump from nominating and the Senate Confirming his nominee to the Supreme Court. Senators cory gardner, Chuck Grassley and even mitt romney all announcing they will back whomever President Trump nominates to the high court. And President Trump said today he will announce his choice for the high court saturday. President trump also reiterating