Transcripts For FBC After The Bell 20240712

Technology stocks. Microsoft, the big one to watch after the bell, releasing Quarterly Results any moment now. So well have live coverage of those microsoft numbers as they come out. Plus in the tech world, the ceos of facebook, google and twitter are all set to appear tomorrow on capitol hill. It is a lot of people will be watching that. In fact in the last few minutes were getting word on exactly what they plan to say. The top leaders on Silicon Valley releasing some of the remarks early. Well also talk about that. Take a quick look at oil, jumping 2 after hitting a threeweek low in yesterdays trade. The oil price hovering below 40 bucks a barrel at 39. 42. On top of all of that were one week out until the 2020 election. Before we get to any numbers i mentioned lets kick things off with blake burman live at the white house. Reporter connell, it is back to big 10 country for President Trump today as he is making three different stops in three different states. I want to give you a live look. Lansing, michigan, that is the first stop for the president as he is speaking to a crowd at a airport hangar. After that it is off to wisconsin. Then the third stop of the day is nebraska. Thats right, nebraska. Heres the reason why. The cornhusker state doesnt have winnertakeall Electoral College vote system. The president will be there this evening fighting for one, literally one electoral vote in a competitive area there, to give you the state of his mindset going down the last week. So as the president keeps up this frenetic campaign pace, the snails pace of covid relief negotiations might be all but done. In an interview with politico today Senate Majority leader Mitch Mcconnell referred to the talks as being in the past tense. Here is what he said, quote, that was a very complicated negotiation depending on who you talk to im not sure they got very close. As the president left the white house for the midwest this afternoon he made this prediction right here. President trump after the election well get the best stimulus package you have ever seen. I think well take back the house because of her. I think you have a lot of congress men and women, republicans will get elected. Well take back the house. Well hold the senate. Well hold the white house. Reporter connell, when you look at all the public polling it suggests the house at this point according to polling not really in play. Republicans here in washington are actually much more worried about the senate and whether or not that could flip blue. But you saw the president as he left the white house today, three different stops to start off the final week out on the road. Connell . Connell real quick, blake. It is interesting, i know you mentioned nebraska which is unique on the electoral map. Seems like the president s strategy to turn out his own base to the most effective, in the most effective way he can versus what were seeing well talk a little later in the show from former Vice President biden who seems to try to expand the democratic map, that didnt work for Hillary Clinton last time around but it is interesting to watch these two strategies down the stretch. Reporter biden going today down into georgia with a week left, trying to flip that state. I guess you can look at it, connell, the president really just scratching and clawing for every last vote. The president over the past weekend was in maine. Why . That is the second state in which it is not winnertakeall. He is trying to turn out a vote in a district there. So all over the map for the president. Quite literally as he is clearly on the defensive right now in the midwest. Democrats have to flip at least one state you would think in the midwest but also trying to defend territory that is long been red, that he kept red in 2016, connell. Connell blake burman. Live on the north lawn, a week to go until this election that has had so much anticipation. All right. Blake, thank you very much. We move to the virus now for a moment. The United States reporting more than 74,000 new coronavirus cases, pushing closelywatched sevenday average to the highest level weve seen yet during this pandemic. Fox news correspondent Jonathan Serrie following the numbers from atlanta. Jonathan. Reporter connell, today Biotech Company novavax announced its uk vaccine trials, phase three trials enrolled 5500 volunteers. They expect to expand that in the uk to 15,000 by the end of november. Data from the study could be available early First Quarter 2021. A phase three trial planned to begin in the u. S. By the end of november. Astrazeneca says its vaccine candidate produces similar immune results in younger and older volunteers. That is important because the elderly are most susceptible to illness from covid19. If vaccine protects them that would be a good thing. A new Yale University poll americans would be skeptical about taking a vaccine if approved today, one week before the election rather if it came out in november. Americans are more likely to is vaccines endorsed by doctor Anthony Fauci than one recommended by President Trump or House Speaker nancy pelosi. This afternoon the cdc released a report showing mask wearing and other pandemic precautions are most common among older adults over 60, least common among young adults on age 30. Younger people can spread the virus to others. Today Massachusetts Governor Charlie Baker urged residents to voluntarily limit thanksgiving gatherings to members of their own household. The science on this one is pretty clear. Gathering of groups indoors for extended period of time with family and friendses is likely the worst possible scenario for spreading the virus. Reporter connell, the state of kansas allows individual counties to opt out of the governors statewide mask mandate. University of kansas conducted a study looking at each count and they found that the counties that required masks were able to keep the new infection rates about half that of counties that opted out of the mask requirement. Connell . Connell very Interesting Data point. Jonathan, thank you. Joan than serrie. Live in atlanta. Gary kaltbaum, we turn to technology. Kaltbaum capital management. Fox news contributor. Gary, i might have to interrupt one of your deep thoughts to bring you Ashley Webster and the microsoft Earnings Report which could break any moment. Apologies for that. We can talk about tomorrow as we wait. Tomorrow is a huge day in the tech world. You have mark zuckerberg, jack dorsey, sundar pichai, the ceos of facebook, google and twitter up all on capitol hill defending basically this section of law that were all learning about, section 230 of the Communications Decency act and theyre basically going to say, at least i was readingly zuckerbergs comments a few minutes ago, came out with early comments, this whole thing encourages free expressions, allows the platforms, key word, to moderate content. How do you think this will go for them tomorrow back and forth with lawmakers which could have pretty big implications for the companies long term . I think they will defend themselves. I think the republicans will rip them but i think the big part is, this is supposed to be good faith efforts. They have legal immunity on goodfaith effort on removing content and i can tell you their removing of content for the last couple of years has been what i would call suspect on the political front. That is are with i think the big fight is going to be on, you know, it is human nature on what gets removed. Who is doing the removing . I think there will be a lot of talk about that going forward. The abuse of this section that is given them such great immunity i think is going to be on the docket here but if republicans lose the white house and the senate, it will be off the docket pretty quickly. Connell right. Because youre hitting on the key point. This is a political story here and conservatives, republicans but conservatives in general are very, very upset by what you just pointed out. They think it has been unfair. That theyre censored far more than liberal groups are on the social media platforms. What is the longterm fix to this do you think . As you say, human being is one building the algorithm, so getting rid of the bias seems a difficult thing to ever do if you think it is there to ever actually get rid of it right, no . Youre either an open platform or youre not. Look, i believe Death Threats and things like that should be taken off but peoples beliefs and thoughts as long as it is not, you know, trying to induce violence and some real nasty stuff i have issue with them doing too much. Little ol me one time said something about Bernie Sanderss Economic Policy and twitter took me off for one whole day. During that day i went on to the site i saw Death Threats, all kinds of vial language and vial talk from other people and not a thing was done. I believe there is a lot of selectivity going on. Im pretty sure Everybody Knows that. That is something they will have to deal with. I always say, just do better, be fair. If youre not fair, everybody will be on top of you. That is what youre seeing. Connell i told you i have to interresult you, gary for microsoft. Literally just crossing as we speak. So this is the big Earnings Report. Those other companies, by the way, most of them report on thursday afternoon. Lets bring in ashley. You see these numbers crossing my friend and if so what do you see . Ashley i do not. I do not, sorry to interrupt, stand by. No, no, i didnt mean to go to you early on. Gary and i are fine. Were having terrific conversation. Were more than happy to continue it, ashley. Headline crossing on revenue for microsoft in the First Quarter is at 37. 2 billion. So to me that looks better than expected and the earnings well see in a moment as ashley says we sometimes need a moment or two to work through those numbers, glance together monitor to my right im seeing the headlines cross. This is the big one, gary k. , microsoft better than expected revenue and the stock down a little bit which is no big deal but the thing to me is microsoft as it reports the numbers i also think earnings are better than expected, were all staying at home, many of us working at home but we think of amazon off the top of our heads but i think amazon with their cloud business. Everybody has to be up in the cloud as beg beneficiary of the stay at home, gary, what do you say. Some of the stocks have been the cloud stocks, simple as that. I believe microsoft is one of the miracles was able to change themselves ad things over the last few years. Satya nadella the ceo, has done a magnificent job. Since 2014 when he came on the stock is up fivefold. The stock resting from july but the Technology Stocks are at a record level in comparison to Everything Else in the s p as far as ownership. Probably the rest is here for a lot of names. I think it started last couple months. There is nothing wrong with it. As long as Companies Continue to grow much better than the market. Eventually they take off again. I think microsoft is right in the wheelhouse. Connell and now, the stock has turned around afterhours. To me the cloud business, i guess, tell me if we can bring back ashley, i will talk to him about this as well, guys. The cloud business, ash, looks like its, that is a strong figure at least as far as i can see. Maybe that is helping things out. That is a big part of their business as we know, right . Ashley it is huge. One growing the fastest, that is very important for microsoft to keep the division growing strongly. In the fiscal First Quarter, revenue for conclude, intelligent cloud as microsoft calls it, 12point9 billion. Almost at 13 billion expectation was for 12. 72. That so is good. Estimate for 1. 79 for business process, came in at 12. 32. Another very nice beat. As far as i can see on more personal come it pooing, that is what they call it personal come it pooing. Looking at 11 billion. What i can see 4. 75 billion which is a big miss. Azure, the cloud competing platform that microsoft has been expanding into businesses, expanding machines into the cloud. Headline numbers. Revenue. Higher than predicted. Pretty good on microsoft. Trying to get numbers on xbox content and services revenue. That was up 65 in the last quarter. With so many people stuck at home, still staying home, a lot of people playing games. Dont forget Microsoft Teams when we talk about people stuck at home. Headline numbers pretty good. Cloud revenue pretty good. The only fly in the ointment is the personal computing number. I will dig a little deeper on that. Connell you spend most of the commercial breaks on Varney Company playing xbox. You know a thing or two about that. On personal computing, i think the 475 is on operating income and the revenue on personal computing. 11. 85. That looks pretty good. Microsoft is across the board, that number looks pretty solid. That is first glance with headline. Ashley, thank you. Ashley is back later in the show. Gary, always good to talk to you, gary kaltbaum. Were up 1 in microsoft stock in afterhours trade. Lets move on. Well get back to all of that. The other news, crews battling too massive wildfires in Southern California with tens of thousands of people out of their homes. We have people on the ground. Stay tuned for that. Putting the postal system to the test. A findings of a special fox news investigation tracking deliveries and ballots ahead of the election. Joining the nations highest court, a big deal today, Amy Coney Barrett officially sworn in by chief Justice Roberts as the 115th justice on the United States supreme court. Barrett confirmed by the republicancontrolled senate. The vote 5248. Well be right back. You run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. 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New data comes out with continued growth in manufacturing. Also an increase in home prices. With us now, joe lavorna, chief economist for the trump white house. Joe, good to see you. I know you guys have been predicting a huge Third Quarter bounce back in the economy after the downturn caused by the pandemic. What about after that . What is realistic to expect growthwise end of fourth quarter, beginning of next year . Very solid number. You talked about the Third Quarter. The consensus right now, private forecasters look for 32 gain in q3 gdp. The atlanta fed actually revised up its estimates today based on the durable goods numbers. Theyre at 36 . Actually above 36 actually my guess, after we see the numbers well see very good demand that carries over intos fourth quarter, this quarter, into next year and a real need to rebuild inventories. Weve had so little of stocking of ininventories across the economy that will be a huge prop for growth. The automobile industry, dealer lots are basically barren. They need to rebuild cars and trucks because people need to buy them. Demand is very, very strong. Connell how much depends on some sort of a stimulus or relief bill passing . The president s talking about huge stimulus bill after the election. Indicates we wont get one before the election. What if we dont get one at all . How much will you shave off your forecast . I will not shave off my forecast now, because the economy is what i would argue a selffeeding, selfsustaining recovery thanks largely to the president s policies. The fact that you mentioned at the outset. This was a pandemic contraction. It was not a fundamental contraction. We had record low unemployment back in february and census data recently showed record gains in Living Standard across the board for all sorts of income groups and demographics in 20 fit. That healthy economy, trump economy is reasserting itself. That doesnt mean not to say we dont want aid for more people because there are definitely households that are definitely struggling. That is what the president worked tirelessly before the summer when there were no discussions going on and through executive order the president got money to people. Well see what happens own the stimulus front. The good news the economy is recovering. If there is more than we can do, were certainly trying to do it. If the democrats meet us in the middle. But the point the economy is doing really well. That is something certainly to celebrate. Connell there does seem to be some worry among regular people out there which plays into the whole narrative, weve done a lot of stories about it the last few months, the separation of wall street and main street for lack of a better term and even if you look at the Consumer Confidence numbers out of the Conference Board the future, when people look out in the future there is less optimism when they talk about the present day. Theyre worried about jobs. Worried about the virus. They see numbers going up. Most of these figures were compiled by the Conference Board before the latest spike in the virus. Which means next month we may see weaker Consumer Confidence s that fair . Im not sure were going to see weaker confidence. The numbers by themselves in the pure context is pretty good. We were basically 101 in october. That was 8 points higher than the q3 average. That is up 15 points from april. Under obamabiden we didnt average 100 during the eight years. During that duration of time we were only 73. From the gallup report a fuse weeks ago, americans say by record margin theyre better off than four years ago. There are concerns. There concerns trying to help people that need help. Were certainly trying to do our best to get help to them. But the economy is very good shape. Stay along the path of progrowth, probusiness, proconsumer policies with prudent regulation that doesnt destroy job creation, were going to get this economy back much faster and were going to get back to where we were prepandemic. Which by the way were a lot closer on that road many thought even though unemployment is under 8 , a lot of people thought it would be at that level a year or so from now. The claims numbers argue we could see great employment news next week which will follow some great gdp data i think on thursday. Connell let me ask you one more question about the relationship between stimulus or relief and and growth. There have been some people saying, not just political people but wall Street Investors over the last couple weeks when it looked more like in the polling there was going to be a blue wave. That the democrats might take the white house, the house and the senate. That meant more stimulus and that might be even good for the stock market. When it looks like the polls are tightening, those same people say, wait a second, maybe that is not the case. Now the market pulls back a little bit. What do you say im sure you disagree with the premise. I try to explain it first. What do you say to people, listen if the democrats get in, for better or worse they will spend more money and that will give us a boost short term . I think were slicing the baloney a little too thin on that one. Equity markets hold on were likely seeing a vshaped recovery as economy opens, well see much higher prices, that would be the case. I will argue under the economic plan that former Vice President put forward with massive tax increase, Regulatory Overreach that under that scenario well see a pretty sizable pullback in equities, not the least of which, significant massive tax law sell. Under the biden plan you have effective doubling of the Capital Gains rate. I would argue that the equity market is sensing a continuation of the current policies which very well for extraordinary number of americans. If we keep the policies in place, well get back to a stronger economy than what we had and 2021 will be a great year. I hope were right, i hope we dont prove myself i hope were right the equity market continues going up and these policies persist. Connell down last couple days. Before that, it was looking pretty good. Joe, thank you. Good to see you. Joe lavorgna from the white house today. Sure. Connell as we move on in an effort to meet holiday demand, amazon is hiring 100,000 seasonal employees to help pick, pack, ship customer orders through warehouses in the u. S. And canada. The company went on a similar hiring spree in march and april, keeping up with increased demand for amazon during the pandemic. Steps along the way. So we can spend a bit today, knowing were prepared for tomorrow. Wow dad, do you think you overdid it maybe . I dont think so. What do you think, peanut . Nope honey, do you think we overdid it . Overdid what . See . We dont think so, son. Technically, grandparents cant overdo it. Its impossible. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Stayed on my mind. Was another around the corner . Or could it be a different story . I wanted to help protect myself. My doctor recommended eliquis. Eliquis is proven to treat and help prevent another dvt or pe blood clot. 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Connell so the windy city might be taking more money from your wallet these days. Chicago Area Property taxes skyrocketing to new heights over the past 20 years. A new report is out on this. Grady trimble is in chicago with the details. Reporter connell, cook countys treasurer had tons of people coming into their office this year. They cant pay her tax bill. So she had her staff conduct a study. They put together a report, that found taxes have skyrocketed. Since 2000, property taxes in the city of chicago going up 115 . Compare that to wages which have gone up only 57 and cost of living which has gone up just 36 . So property tax increases clearly far outpacing how much people are earning and this report comes as the city council is reviewing the 2021 budget and trying to fill a 1. 2 billion gap. One way mayor Lori Lightfoot filling that gap is higher property taxes. The county treasurer says people are already struggling during the pandemic and that everyone is cutting back but the property tax bill is going up. She says it is not working. Several alderman are also pushing back on the mayors proposal to raise taxes. They fear that people will continue to leave chicago and the state of illinois. Or that people will simply be unable to pay their taxes which, is already happening as you heard, connell. Connell all right. Grady, thank you. Grady trimble live there in chicago. Bracing for destruction, Tropical Storm zeta is pounding mexicos yucatan peninsula. It is now taking aim at the u. S. Gulf coast. Parts of louisiana, mississippi, alabama are currently under a hurricane warning. It is expected to make landfall in the u. S. Well be right back. They customize your Car Insurance so you only pay for what you need. Liberty power wow. That will save me lots of money. Youre insured this games boring. Lets get tacos. Only pay for what you need. Liberty. 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He did before this, just wrapped an event, invitationonly event in warm springs, georgia. I know we can unite and heal this nation. Warm springs is a good place to talk about hope and healing. It is where Franklin Roosevelt came to use quote, the therapeutic waters to renew himself stricken by polio. Reporter georgia is first. Rare to spot a democrat deep in the south so close to election day. The first time any georgia voter in this cycle will spot biden here in his Campaign Today and is explaining why. We are keeping as many paths to 270 open as we possibly can. Were talking to as wide of a swath of voters as we can. That doesnt mean were abandoning what youre calling the traditional blue line states or priority states to get us to 270. Reporter bidens visit an aggressive play that republican president s have won since 1992. So the Trump Campaign is going on defense, reacting to the trip, saying, biden is candidate of lockdowns. Another lockdown of six, 12, 18 months would devastate working people, and cause Health Problems unassociated with the virus itself. Joe biden is a risk america cannot afford to take, but connell, even a week before election day biden is really not changing his campaign strategy. He does do the drivein rallies like you see behind me. Most of his events, voters are kept at arms length. Essentially it is invite only. Very exclusive events. So when biden goes to the places he is not having much inperson interaction individually with voters. Connell. Connell i want to talk about that a little bit. Thanks, Hillary Vaughn in atlanta. Bob cusack joins us the editorinchief at the hill. Well get to the map in a moment. Hillarys final point is interesting, bob. I dont know, as someone following campaigns a long time have you having a tough time getting the feel for this one . We have the polls and data, president draws big crowds. He points out he is outdrawing president biden, but to hillarys point is part of that is on purpose. Theyre not inviting people in. Is it tougher to to get a feel who has momentum and how things are going in the final stretch . There are conflicting signals, connell, no doubt about it. That is a big deal because these crowds do show up to vote or have voted already. We really cant get a handle on joe bidens crowd. We certainly could in the primary but he wasnt doing well in the beginning. He was not drawing big crowds. Is that end all, be all, no . People will vote for joe biden because he is not donald trump. It is interesting if this is close race, and biden loses, why didnt joe biden camp out in pennsylvania, north carolina, and florida. Those are key states, those states trump has to win two of the 3 00 if not three of the three. Connell 100 . That is why the comparisons to 2016 are not always apples to apples. In this case people are reminded toe Hillary Clinton in 2016, she talked about expanding the map but at the end of the day didnt win the expand the map states but ended up losing wisconsin which she assumed she would win and didnt show up there. Following up hillarys report, another campaign from Biden Campaign official throw it up there, quote from jennifer omalley, i would say based on the stability of the race, the strong support the Vice President has we maintain the same pathways, she says and you know, goes on to talk about expanded footprint in states that are in play, that weve seen in recent memory. That is to your question, bob, about whether or not this is a smart strategy or a huge mistake in terms of the resources . Yeah. I mean, they both have pathways. If you believe the polls, President Trumps pathway is narrower but it is there. He is just going to have to sweep the states i talked about. The other factor that joe biden is in georgia. There are two big senate races in georgia. Remember if joe biden wins the white house, they dont win the senate, Mitch Mcconnell will block most of everything. Mitch mcconnell calls himself the grim reaper for democratic proposals. There is another reason why he wants to fire up the base in georgia because if they, if democrats win one of the two senate races, that is a big deal. They probably win back the senate. Connell right. Which sometimes we forget about, but some people might be more important than the whole thing, depending how the president ial race goes i guess. Im trying to figure out, i will be in pennsylvania by the way for the election. Ive been looking a lot at those numbers. Very well could be the Tipping Point state they talk about, one who gets the candidate to 270. If you look at paths, everybody says that biden has more paths to victory. What is the best trump path . Seems to me would be win, if you take out pennsylvania, michigan, wisconsin around just though them off the map for a while, win all the other states he won. He needs one of those three, right . Yeah, thats right. Arizona is another one that he won in 2016 that is very close. So if he were to win pennsylvania, north carolina, florida, keep arizona, he has got it. It is a very close race with a lot of these states but pens vain and florida really are, if you talk to the trump people, those are must wins i think for the president. Connell right. Florida, definitely, definitely. If not pennsylvania it would have to be wisconsin. Its a much narrower path. A trump win would be close Electoral College win. Biden could win by a larger margin. Well see hopefully next week. Bob, thank you. Good to see you again, bob cusack from the hill. Massive Evacuations Ordered in the state of california. A irpa of wildfires exploding in size. Well have all the details on that coming up next. 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One week to go before our elections. It is a good day to look at u. S. China relations as joe biden and President Trump go back and forth. James freeman and our own Maria Bartiromo have a new book out. The cost, trump, china and american revival. James is the wall street journal assistant editorial page editor, fox news contributor. Congrats to you and maria on the book, james. You and i talked about china a lot. How do you see it, how do you see the relationship essentially changing if President Trump is either, is elected and not reelected . Take both scenarios there and how the relationship between the two countries would change . I think whatever happens in this election trump has changed the relationship and we go into this in the book. I think he has been pretty successful whether other politicians will acknowledge it or not at basically destroying the consensus on china which is that our Economic Engagement with that government would have a Liberating Force and that they were reforming and over time becoming more democratic and embracing the rule of law. That really has been the justification for decade for our expanding engagement. And i think what he has done, while we can argue about tariffs and they do have costs is, he has basically won the argument that they are not reforming. That the government there is not friendly to our interests, the values we hold. You see it, youre talking about the chinese economy recovering and that is good news but the same time in the last 24 hours we see a lot of young democracy activists being rounded up in hong kong. Connell right. The human rights element of it is, is one that you know, i guess far too often been ignored by many people in the United States that were just focused on the economy, the relationship between the two countries. Now we know the two should have always gone hand in hand. As for joe biden his approach to china, i want to go back to something he said in may. Talk a little bit what he is saying now but here is joe biden earlier this year talking about the socalled competition between the u. S. And china. Lets listen. China is going to eat our lunch . Come on, man. They cant even figure out how to deal with, that the fact that they have this Great Division between the china sea and the mountains in east, i mean in the west. They cant figure out how they will deal with the corruption that exists within the system. I mean, you know, theyre not bad folks, folks, but guess what, theyre, theyre not in competition for us. Connell theyre not a competitor basically what i think he tried to say the end, james, i bring up, when he was interviewed by norah odonnell, when he spoke, china is our biggest competitor. Talk about russia being an adversary. Talking about all china competitors. What do you make of bidens approach . I dont know how you say theyre not a competitor. Their economy has been growing faster than ours for many years. You dont necessarily trust the numbers their government reports but clearly its been growing very fast for a long time. That is why theyre now the second largest economy in the world. I think for mr. Biden there is a credibility problem here and i know a lot of the media doesnt want to talk about it but when his son has accepted, his sons company has accepted millions of dollars in, what seemed to be vaguelydefined Consulting Services from a chinese firm i think there is a question there, that he has not answered and has basically brushed off. But i thought it was significant when he was in the debates. You saw all the Democratic Candidates criticizing the president a lot but none of them saying they were going to take the tariffs off day one. I think on the president s side we still obviously have a lot of the tariffs on china. They do have an economic cost. When maria and i interviewed the president for the book, i didnt get the impression he is in that huge a hurry to take off those tariffs. I think if, if the chinese want to come back with a very good phase two offer, i think he will listen to it but i dont think that is going to be nonstop preoccupation of his. If it ends up being where at the margin more u. S. Business goes to places like vietnam and india and mexico, im not sure that is a bad thing strategically. Connell when was that interview you and maria did with the president and how do you think his thinking on china, in particular with trade policy, has been affected by, you know, by coronavirus . We talked to him in july and it was a moment i think they just made a bunch of purchases they promised to make. Obviously for a lot of reasons maybe their own decision or their economy they are hitting those targets. Theyre buying a lost corn and pork but not so much energy and manufactured products from the u. S. So far but, he thought they were basically sort of buying what they had to keep them from walking away. He talked in the book and he described to us how a, really a new serious commitment to protect intellectual property in china and to open the chinese economy to u. S. Businesses and not force lots of onerous restrictions on them had been agreed to and then at the very last minute our representatives were called in to a meeting and told that those big concessions and really legitimate opening of the chinese economy was not going to happen. President trump told them to walk. Now eventually we did get back to that phase one deal that was signed early this year but, yeah, i dont know how much more patience the president has to keep negotiating. Connell sound like it is wearing thin. Well see what happens next week in the election. But this book, sounds like a very good one. Im sure a lot of people are following the china story here with us for months. They will be interested in reading it. James, good luck to you and maria. It is called, the cost, Maria Bartiromo and james freeman. Well talk to you soon. Real Estate Developers are pushing an unusual amenity in response to the pandemic. We have a live report on what the trend is and maybe it will continue. Maybe it is going nationwide. That report is next columbia, missouri. We do consulting, but we also write. [szasz] we take care of ourselves constantly; its important. We walk three to five times a week, a couple miles at a time. Weve both been taking prevagen for a little more than 11 years now. After about 30 days of taking it, we noticed clarity that we didnt notice before. Its still helping me. I still notice a difference. Prevagen. Healthier brain. Better life. This was the theater i came to quite often. The support weve had over the last few months has been amazing. I have a soft spot for local places. Its not just a work environment. Everyone here is family. Gonna go ahead and support him, get my hair cut, leave a big tip. If we focus on our local communities, we can find a way to get through this together. Thank you. If you are ready to open your heart and your home, check us out. Get out and about and support our local community. We thought for sure that we were done. And this town said not today. Connell so Luxury Health amenities are drawing in residents. In fact, theres a condo complex in miami thats now offering onsite doctors. Ashley webster rejoins us with more, a sign of the times, right, ashley . Yeah. Dr. Webster at your service. You dont want that, believe me. [laughter] back in april, connell, with a National Lockdown in plus, quarantining in a condo was not exactly popular, so we saw an exodus outside of densely populated areas. Weve seen that in new york and elsewhere, including miami. Now the operators of luxury condo buildings in south florida, well, theyre rolling out the red carpet and a whole lot more to try and attract people back to the highend highrise on the beach. For instance, at the ritz carlton residences at sunny isles beach, buyers can expect live entertainment, beach butler service. I know, connell, you have the studio butler service, and quite chefs dinners. And it i appears to be working because all four penthouses in the building have now sold. A luxury condo building in nearby surfside has installed call buttons, and a fulltime butler appears instantly. You mentioned doctors, health services, very attractive option. Condo buildings are finding memberships in private medical practices, making it a big attraction. Whoo, im done. Connell good stuff. The butler did it thanks, ash, well see you tomorrow. [laughter] lou good evening, everybody. President trump today continued his impressive and demanding campaign schedule. President trump traveling to the midwest states of michigan, wisconsin and nebraska talking to and, as usual, packed crowds in lansing, michigan. President trump vowing to continue to fight for the American People in his second term. I dont sound like a politician because im not a politician. I never wanted to be a politician. [cheers and applause] i became a politician for one very specific reason, b