Developments, also pouncing on the notion that maybe the stimulus package neednt be so big to the point that many republicans have been raising. Susan li keeping track of all of that right now. Hey, susan. Well, its another sign of the employment picture is improving. Jobless claims following the week below 1 million for the First Time Since march. 963,000 represent as second straight weekly decline indicating that layoffs are slowing and hiring is picking up. The drop in jobless claims could also be a result of the extra 600 benefits expiring last week discouraging americans from filing these claims. Meantime democrats and republicans are still far apart on a second stimulus plan. Democrats are pushing for the 3. 4 trilliondollar heros act while republicans and the white house have stood firmly behind a 1 trilliondollar proposal. House Speaker Nancy Pelosi using stronger language than usual to indicate her frustrations saying they need to meet in the middle. Leader schumer and i said we will come down a trillion if you go up a trillion. We will meet you half way. And when we do that we can negotiate how those resources are spent. You have nancy pelosi saying we were willing to come down a trillion if they came up a trillion. Its fundamentally unserious the democrats the chief of staff has told me wouldnt even tell us what they would take out of the 1 trillion. So they said we would come down a trillion but wouldnt list out the things they would take out of their democrat wish list. So nancy pelosi needs to come back from recess and negotiate because the American People deserve better. Moan time Senate Majority leader Mitch Mcconnell says that the democrats arent negotiating. They are throwing spaghetti at the wall to see what sticks. Also announcing august recess. A deal may not happen, neil, until september. Neil all right. Susan li thank you very much. Susan li in our fox business newsroom. I want to go to larry kudlow. He joins us from outside the white house. Larry, very good to see you again. How are things looking . Thank you, neil. Appreciate it. Pleasure to be back on the show. Neil so lets get a sense of this jobless claims report and continues steady improvement we have seen on the claims front now under a million. First time more than 20 weeks we have seen that do you think that this will signal that the 10. 2 Unemployment Rate we have got now, which is down from almost 15 of the height of all of this, is going to be under 10 . Well, its awful hard to predict these things short run. Particularly in the virus period because we havent had this pandemic in 100 years but i acknowledge your point. Claims had sort of leveled off, last two weeks i think they have come down nicely. Continuing claims coming down, neil. Some people think thats a leading indicator of the Unemployment Rate. I wouldnt be surprised if it dropped to Single Digits and the august report. I dont want to make a forecast. It wouldnt surprise me. Across the board. The president did this at his News Conference last evening. We are seeing not only tremendous stock market rise but we are seeing v shape recovery, housing, manufacturing, automobiles, retail sales. All v shaped recoveries so far. May, june, july. We were concerned that the hot spot virus popups in key states in the south and west, would restrain the economic recovery. I think whats happening is there was some restraint with respect to businesses and restaurants. Small business and restaurants, but it was very small. Thats the reading right now. Its a hard thing. I hate to predict. But so far thats what we see, which means i think the v shaped recovery is intact and i would argue with no inventories and zooming consumer car demands and other demands. This will be a selfsustaining economic recovery with a very big numbers in q 3 and q 4. Neil you know, larry, republicans have been saying on the hill right now that this latest report gives them a little bit more resolve to say we can cool it on the stimulus. I dont know the total cost of what the president had been talking about with his executive action but lets assume a trillion bucks. Thats as generous as the republicans and president plan to be. Is that accurate . Yeah. At the present time, thats exactly right. Thats exactly what the president has been saying. Thats what secretary mnuchin and chief mark meadows have also said. Look, neil, i dont want to pronounce. I mean, right now, the negotiations are stalled. We were asked by speaker pelosi, i think, to get our numbers up to 2 or 2 and a half trillion. Secretary mnuchin said no because the president prefers a 1 trilliondollar number. By the way, so does Mitch Mcconnell and the republican caucus. Conference in the senate. I dont want to negotiate on the show. But im just saying were not going to make a big commitment. This is even apart from the improving economic numbers. There are many, many things in this bill that have nothing to do with covid. And that is very trouble ling te president. Whatever your opinion is about voting by mail or harvesting votes or signing your voter card or letting felons out of jail. Or giving assistance to aliens, immigrant, whatever your view is on that, they have nothing to do with covid. And we want this to be a much narrower, much more targeted bill. So, the numbers and the shape of the bill and the conference has to all change. I dont want to speculate on it. Im just saying and we just had a meeting with the president in the oval office. And, you know, these things are what he wants. Neil you know, larry, i know the payroll tax feature that the president has been espousing here and for those earning 104,000 or less, a lot of ceos from whom i talk are a little uncomfortable about it while they might support what he is doing they are convinced that this will be reversed. They will be on the hook for this money if they doll it out now. I know the president has talked about, you know, maybe addressing this later if he is reelected, maybe after that point. Make this permanent. He has talked about a permanent payroll tax cut. How do you get them to go along with this . Because they are lehry of the fact its just him stating it, not congress doing it. Fair enough. Look, the president will be talking to a lot of ceos. I will be, secretary mnuchin, others in the administration. The president is determined to forgive the deferral amount. The pay back, if you will. Thats what he has been talking about this past week. He is not ending the Social Security tax or anything like that. But, he would like to forgive and terminate any pay back. And is he determined to do everything in his power. It probably will be a post election issue if is he reelected without question we think we can get this deferral forgiven. So, thats probably the best we can do is just to assure people that this is where our policy is going and thats where the president s determination is going. You know when President Trump is determined to do something more on than not he gets it. Neil he has also said and he echoed it again today larry, that joe biden had his way, and he were elected president , kiss all of this economic improvement goodbye, the markets that are flirting with new record. Again, the s p just short of one today. The nasdaq in and out of records. The dow up 5 . All that goes. Kudlow Kamala Harris team im sorry, joe biden has been saying no, no, no, no. Thats not the case here. We will make this fair. What do you make of that when they say we will make this fairer . What i make of that is higher taxes. Very clear they will raise taxes. In their policy book. Looking at at least a 3 trillion tax increase. You know, i would just say, neil, im not the political guy. Im the policy guy. If you are in or coming out of a pandemic contraction such as we have experienced, brutal, difficult, heartbreaking stuff, you dont want to be raising taxes. I mean, its like where are the cansian when we need them. Selfrespecting cansian would say more and less. They are going to talk about they are going to spend a lot more but they are also going to tax a lot. Going to raise torpt tax and raise the individual tax. They are going to raise the Capital Gains tax to 50 . What a deterrence to investment and productivity and real wages. They are going to take out the regulatory reform. President trump has rolled back regulations more than any other president in history. One reason why the economy was doing so well before the pandemic. I believe the biden camp is going to roll back our reductions. They want to have the government run healthcare. Then they want to go after the oil and gas companies, what made us Energy Independent and brought down the price. They are going to go after that. And on trade deals, they are so ambiguous, i dont think mr. Biden will stand up to china. Maybe im going to be wrong, but so far we are not hearing it. I think he said he is going to take back the trump tariffs. The china deal, i mean, the rest of the china relationship is not good. We are engaging on the china phase one trade deal. No question. And ambassador lighthizer said its working. Neil do you think going to make good on that . With all the ache infantry money, a lot of people think can you kiss that deal goodbye. No, dont go there because, again, after our meeting, ambassador lighthizer really went through china is purchasing more crops, more corn, more soybeans, more commodities, more agriculture commodities than we have ever seen before. I think he said 2017 was peak commodity buy year for china at around 20 of the total. Now its running 40 to 45 total. Its really quite good. Im not saying they will make good on all parts of the deal. We dont know that yet. Intellectual property forced transfer of property important issues and, of course, the president is in a sour mood toward china involving their Veterans Administration bad performance and lack of transparency with respect to the coronavirus. With respect to their taking freedom away from hong kong and ending a deal that was 50 years old with respect to their behavior in the china south sea. Also their human rights. Their lack of human rights with the uighurs. Those are big problems and many of our people have talked about it. But, on trade, we are engaged and thus far ambassador lighthizer is satisfied with the progress. Neil all right. We will watch it closely. Larry kudlow, thank you very much. Larry kudlow the chief Economic Advisor of the president of the United States outside of the white house. All right. We are also following some Violent Development certainly in the city of chicago. Right now its frustrating the mayor to the point of saying you know, maybe a lot of this violence is being shipped in. What we do know is the magnificent mile aint so magnificent. In fact, some businesses are leaving because they have had it. After this. As a caricature artist, i appreciate what makes each person unique. Thats why i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. You say the customers maklets talk data. S. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g, everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad. Your wireless. Your rules. Only with Xfinity Mobile. Now thats simple, easy, awesome. Switch and save up to 400 a year on your wireless bill. Plus, get 400 off when you preorder the new Samsung Galaxy note20 ultra 5g. Neil called the magnificent nile chicago. Anything but magnificent with recent violence and demonstrations and looting going on there so many Business Owners are saying enough already. We are out of here. Grady trim bull has been joining this closely and joins us from chicago. Grady . Neil, normally this time of year the magnificent mile would be filled with shoppers bags in hands. We are not seeing that anywhere near the ordinary volumes thats partly because of the recent looting. You see businesses like these boarded up. Some of them closed entirely for now. And city officials as well as the chamber of commerce worrisome of these businesses might abandon the city of chicago recently. Not big National Retailers struggling right now. Small businesses are as well. Already because of the pandemic yelp the Online Review site 60,000 Small Businesses across the country went out of business between march and july. The u. S. Chamber of commerce says six in 10 small Business Owners fear closing for good. In chicago, that fear of closing is compounded by the recent looting. Jean and georgette its a small Family Business thats been looted twice in the last couple of months. Also dealing with a sales decline of around 80 because of coronavirus restrictions. And now the Third Generation owner of that company is struggling to keep the Family Business alive. Nobody wants to close. Everyone is fighting. How can you fight if nothing is there. I think thats the problem. Not just Business Owners worried now. A lot of people who live here as well. A Property Management company that represents thousands of residents in this area sent a letter to mayor Lori Lightfoot saying that people just dont feel safe anymore. They are scared to go out after dark. They are scared to go out on to their balconies. Some of them, neil, even contemplating leaving the city entirely. Grady, thank you very, very much. A Business Owner joins me right now who is of that mindset betwixt and between because this has happened to her a couple times. A store owner who might not be there much longer. Explain what you have been dealing with and its very good to you have to share. This. Oh, thank you for having me. Well, the problem is im a small independent retail business. And we were shut down because of covid. Just when we were rah loued to opeallowed toopen in june. Before that we were looted, robbed. Property destroyed. Taken a few months to get back up and ready to run. We got auguste 4th and this happened august 10th. Its very difficult. How do you come back from all of this. Neil what are you going to do . Well, you know, im really weighing my options. I would like to stay in business. I have been in business since 2006. And it is you know, whats happened is criminal activity and unfortunately they cant seem to stop it. There is only some hits can you take struggling to stay open but i dont know. I dont know what the options are at this point. Neil you know, diane, your mayor talking increasingly about these are not native or local chicagoans doing. This bused in. As you mentioned rentals and vans and that sort of thing. Do you suspect that a lot of this is being triggered by groups that are outside the chicago area coming in to sort of stir things up . Wall, all i can tell you is what i have seen. It seems like its very targeted. Its very well organized. And in order to do that its also got to be funded. In front of my store on this last there was a uhaul truck abandoned because it had a flat tire. There was also an abandoned car that had a bunch of empty liquor in it. I dont know where its coming from. I wish we could figure out who is organizing all of this. But it seems like its very organized wellthought out situation. You know, there have been a lot of groups who have been sim sympathetic to some of the protesters saying when it came to looting, a lot of them were dispirit for clothing. For goods. They are hungry. What did you make of that . I dont think thats whats going on in this particular case. All i can tell you is they are looting all stores, big, small and everything in between. They are just vandalizing things to vandalize things. And i dont see how that is a desperate act. Neil all right. Diane, i feel so much of what you are going through. You are just trying to run a business. Help some people out and very loyal customers who right now are probably leary of even going anywhere near where you are. Hopefully cooler, calmer heads prevail. Hang in there diane, she is the owner of the store that has been looted at least twice. After a while you say what am i doing . What am i doing. We have a will the more coming up including a read by, training a congressman right now on how sort of the reckoning back to being human beings. After this. Im leah and thats me long before i had moderatetosevere rheumatoid arthritis. Ive always been the ringleader had a zest for life. Flash forward, then ra kept me from the important things. And what my doctor said surprised me. She said my joint pain could mean permanent joint damage. And enbrel helps relieve joint pain, and helps stop that joint damage. Ask about enbrel so you can get back to being your true self. Enbrel may lower your ability to fight infections. 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You are looking live at biscayne beach in florida at a time when Kamala Harris and joe biden were calling for a mask mandate for everybody no ifs ands and buts, the mayor of miami what he thinks about that next. Neil you are looking at mike pence event in urbandale, iowa. The administration is seizing on this as an issue of great importance at a time when we have had multiple demonstrations and number of cities. We were just showing whats going on in chicago along the miracle mile that right now has not even been a miracle or magnificent. Business owners concerned by b. Reopening after a lot of looting and violence there manuel cleaver has dealt with this in missouri as a former mayor of kansas city and now is a United States congressman. His take on all of this. Its always good to have you, congressman. Good to be here. Neil obviously this is getting out of control and mayors themselves just seem to be ill prepared how to control it. The mayor of atlanta, the mayor of, you know, chicago among those saying, you know, this is bigger than just demonstrators in our respective cities. Im just wondering what you make of that, particularly the chicago mayors believe these are outsiders coming in and just agitating. I dont think there is any question. We kind of had kickoff to this movement of massive demonstrations here in missouri several years ago and we found out afterward that because of the fbi had done some surveillance and we found out later that we had people who were coming to kansas city from as far as away as los angeles and who and there were some who would come in frankly from chicago. So there are the bad part of this is that there are some decent young people who wanted to make change happen and they frankly are following in the footsteps of some of the nonviolent the nonviolent predecessors. But then we have people coming in whose sole objective is to create discord and its always there has always been a problem in trying to separate the two. But, make no mistake about it, there are people who are coming in who are taking advantage of our nations struggle right now to i dont know if they are doing it for ideology or they are doing it for money. Either way, it cant be tolerated. Neil you know, congressman, i hear when pushed up against the wall, the mayor of chicago fearing that but National Democrats or even this newly minted president ial ticket. I dont hear many expressions against the protesters or even the looting. I hear a lot about george floyd, addressing racial grievances but not addressing some of the darker side of these protests when they get out of control and also dismissing the law and order issue. Do you think thats fair . That mayin that may be a fair assessment. When we this demonstrations in kansas city. Friday night. On saturday night i addressed a crowd of maybe 5 or 7,000 people. I said to them, look, i appreciate whawf are doing. These are the good and decent people, black and brown and white all sitting on the ground together. And i said you guys are too young to remember. This Martin Luther king never led a march at night. He marched during the daylight hours. He wanted the world to see what was going on. And the point was that those who want to protest under the cover of darkness usually had motives that were not in harmony with the people who came out to get a message across. I have been very strongly condemning them. I know mayor bottoms, i heard her, its been several weeks ago come out and very strongly condemn some looters in atlanta. I can remember her saying that the place being looted was near her. Neil we need to hear more of it. And i think we need to hear more of it out of joe biden and Kamala Harris. These are big issues here, right . Yeah. Kamala harris something condemned my wife and i have been talking about it over the last couple of days and youngest son. Kamala harris is being criticized because she has been saying we need more police not less. As a former attorney general, you know, so we have people who on the extreme, really attacking her. Im not a twitter person but my children give me. Neil you are right. Thats coming back that is coming back to by the her. Wbite her. We will see where we go with this. Congressman, you are always a very calming presence and urging dignity on both sides. Emanuel cleaver the missouri congressman dealt with riots and demonstrations all of this when he was the kansas city mayor. So powerful words there. We are also following another powerful development today, talking about people who can put differences aside is the United Arab Emirates have struck a deal that recognizes each others right to do business with, to exist. It was brokered by the president of the United States and some are saying its like a new camp david accord. Is it . Ric grenell, the former ambassador to germany, intelligence acting director on what he makes of the significance of what went down today. We made usaa insurance for veterans like liz and mike. When their growing family meant growing expenses, our agents helped make saving on insurance easy usaa. What youre made of, were made for. Usaa sir. Youre talking about a first [runnigeneration americanren] from the streets of the Imperial Valley who rose to beat the odds. She worked nights and weekends till she earned herself a masters degree. She was running in a marathon when a man behind her collapsed from cardiac arrest. And using her experience saved this mans life. So why do i think there should be more people like carmen bravo in this world . Because that man. Was me. vo because we know you want to get back to going your speed. Steering life at 10 and 2. 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So help heal your skin from within, and talk to your eczema specialist about dupixent. If your financial situation has changed, we may be able to help. Neil this came out of the blue today israel and the united eric emirates deal recognize each other and have embassies in each others countries. One recognizing israels right to exist. The other expanding blueprint that includes the likes of egypt and jordan that have healthy relations with the jewish kingdom. All announced by the president early today who orchestrated this. Ric grenell former acting director of intelligence and ambassador to germany on where this all sr. Going next. Take a look. First, we have been working on peace deal, this peace deal for a very long time. Jared kushner has never stopped work on this deal. He deserves enormous credit. He has always believed there was a path. Part of believing that there was a path is really twofold. One the europeans were frustrated with the iran policy coming out of the u. S. I think too much of our media were black and white about exactly, you know, the iran peace deal vs. Not an iran deal. And the reality is that the obamabiden iran policy has really created instability in the middle east. Our arab partners have been begging to have a more realistic approach. I think todays deal is a real signal that there is a fear that we could return to the biden policy and, remember, he was the brains on Foreign Policy for the obamabiden team he has always told us that was his expertise and that he would be leading. Now that he is running for president , he would be totally implementing his view of the world. I think the arab bartners are very fearful of that its a policy that doesnt have strings. And so its consensus built. It is jello. Consensus sounds good but it means its the lowest common denominator of a whole bunch of people. I can tell you i have been inside the Security Council trying to get 15 countries to agree to a statement means that you water down the statement so that it is completely unhelpful. What President Trump believes is that we, the United States, for our policies, should do two things. One, we should bring our troops home. We should not have foreign instanding imelments be clear we will always help but not have strings. U. S. Money should not be free there should always be strings. Thats what the biden approach has been. Its always been about consensus. Give the money. Try your best but keep giving the money and we have been taken advantage of. Neil you might be surprised to learn that the bidensenator harris team disagree with that just yesterday Kamala Harris saying she is concerned that the president is isolating the u. S. From the rest of the world. She says washington must reclaim its moral authority on the world stage in other words this loan ranger adds more insult to injury. Others the president pulling some of our troops out of germany that he would risk Global Security nato bill. What do you make. I keep hearing these arguments all the time. I would really welcome this debate. We should have segments every single day on the two different views. The reality is that what Kamala Harris is saying that we need consensus in the world. Everybody needs to agree and we shouldnt move forward unless everyone agrees. I can tell you my 8 years at the u. N. , thats a disaster in the making. Because the United States is the one thats always called upon to fund the programs, to put the money in to the program. But then were supposed to just sit back when the programs dont work. And thats not what we want. The clear fact is that the bidenharris team wants washington to be the capital of the world donald trump wants washington to be the capital of the United States and for the American People. We have fundamental disagreements take just a closer look in the middle east. You are wrong. Need a realistic approach. We dont need people who are going to give billions of dollars we need a u. S. Administration thats willing to take out soleimani and willing to pull our troops back and one point on the germany look, neil, the media is doing a terrible job of communicating what the deal is we have 34,500 troops in germany. What donald trump is saying lets lower it to 25,000. 25,000 american troops germany is the largest economy in europe. Neil do you think it ends there, rick, that he is going to extend beyond that . Well, look, thats a completely different argument than what senators or the media are saying. I have been lectured to about the history of world war ii and how, you know, we had this commitment. Part of the commitment that we had to rebuild europe was because europe was devastated and pour. Look at the German Economy now. Its a fundamentally different paradigm shift. Why is it so bad to think differently about some of these issues . We dont have zerobased budgeting in washington. We have the system where you keep adding money and adding money and nobody stops to say, wait a minute, germany is the largest economy in europe. It has a surplus. Maybe we shouldnt be footing the bill for the germans when they are not paying their bill at nato. I actually think that we need a strong Transatlantic Alliance with the europeans. But i love Donald Trumps position to say the europeans have moved towards socialism. They have moved away from us. The reality is the europeans need to come back to us. We are trying to pull them back into the west. We dont need the German Government to take nine days to think about what side they are on in venezuela. Theyre the west. We have fought for them very hard. We have sacrificed a lot. The American People care very deeply about germany and the Transatlantic Alliance. We think that its not too much to demand that they are with the west. They are innately with the west and they dont play games with socialism. Neil all right. Ric grenell on all of that i want to kevin to kevin corke at the white house what started this the president s Foreign Policy this deal this agreement between the United Arab Emirates and israel. What are you learning about it, kevin. Very interesting. I really enjoyed that conversation. There was a lot of meat there to sort of explain what the process has been like here at the white house. Again, trying to expand economic and diplomatic relationships across the globe. The president , you heard him say it again this is historic Peace Agreement between israel and the uea. Israel had forgone plans to annex part of the west bank which as you know had been claimed by palestinians. They also agreed to pursue full with the uae. The president you probably heard, this neil, he called it the abraham accord. The administration saying the deal was named for the father of the three main religions. Islam, christianity and judaism. He said that no person better symbolizes the potential for unity than abraham. By the way, in a statement, i want to pass this along. We got this late this afternoon from joe biden. He said that this agreement was very good. He called it one that was certainly worth keeping and elm my late. He added that a Biden Harris Administration would look to build on this progress and challenge other nations in the region to keep pace. Very interesting all around except of course from hamas. We heard a statement from one of their leaders saying this does nothing for the palestinians. No surprise that not universal support for what we saw today, neil. Neil all right. Kevin, thank you very much. Good seeing you. Kevin corke at the white house. Meanwhile the controversy over mail should you or shouldnt you. If he became president of the United States the joe biden said you should. In fact im going to mandate it after this. At your local audi dealer. 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Because theyre always on. Another lifechanging technology from abbott. So you dont wait for life. You live it. Neil we are hearing things are stabilizing a little bit spikes earlier heard in florida. Francis joins us the republican mayor of miami. Mayor, always good to have you. Let me, first of all, get an update from you how things are looking there. Things are looking much better. We are positive over 7 day drop to about 13 our hospitalizations are dropped from a high of 2300 to about 1600. So thats about a 700 patient differently. Its a big, big difference. And we are seeing, you know, our new cases also are dropping at probably the most dramatic rate sings it began. So, its all very good news for the city right now. Neil you know, with the spike in cases elsewhere. Joe biden was talking today Kamala Harris his new running mate that maybe a man date for mask is in order for the whole country no ifs ands or buts, what do you think about that. We implemented a mask mandate in miami it definitely worked. You know, so its hard to ask me because its something we are a very urban city and for a city like us having a mandatory mask mandate has worked. There is no doubt about it that and a curfew and closing businesses not complying to rules. I dont know how it would work nationwide. One size fits all has been a very difficult thing during this pandemic. But, certainly, if you had some sort of, you know, standards where it meets a certain threshold there should be a mask and public role at all times would be something that i would certainly consider. Neil all right, mayor, i want to thank you very much. I apologize for the run it indicated time with all this breaking news and developments Peace Agreements. Best to you and your family i know have you young families and Juggling School and all of that Francis Suarez the republican mayor of beautiful miami. We have a lot coming up here. You heard larry kudlow talking at the top of the show the improving economy and improving so much and we have so much good Economic News of late. You dont need to make that stimulus package huge. What frank luntz thinks of that and how that is polling after this. Robinhood believes now is the time to do money. Without the commission fees. So, you can start investing today wherever you are even hanging with your dog. So, what are you waiting for . Download now and get your first stock on us. Robinhood. Verizon knows how to build unlimited right. You start with the network jd power has named the most awarded for Network Quality 25 times in a row. Then, give people more plans to mix and match, so you only pay for what you need. Verizons unlimited plan is so reasonable, they can stay on for the rest of their lives. Include the best in entertainment and offer it all starting at 35. Plus, 700 off our best phones when you switch. Because everyone deserves the best. The is unlimited built right. Only on verizon. Neil all right, youre looking live at the white house right now, the president will be be addressing the nation, about 20 minutes from now. We heard from White House NationalEconomic Policy director larry kudlow earlier in this show, talking about a deal he kind of likes. Eventually, given the improvements weve seen in claims and jobless numbers weve could be into Single Digits on the Unemployment Rate in the near future. The economy often is very key in election years. There are obviously a lot of other factors going on but i didnt want to get his read on this. Frank, how are you doing . What did you think about what larry kudlow is saying . The trend is our friend. The question is, is it too little, too late . Lets be candid, the economy back in march before covid was the strongest economy this country has ever seen in modern times. And that economy was Strong Enough to propel donald trump to reelection. Lowest unemployment numbers, lowest black unemployment numbers, latino unemployment numbers, a great growth rate, prices stable, everything you would want in an economy to get somebody reelected was perfefec. But what we seen since then, with the shutting down of the economy which is why the president wants it opened as quickly as possible is an unemployment that has surged. Weve been asking americans, what is the single most important factor for you to decide whether the economy is working or not . The president talks about the stock market. That is important to 15 , maybe 22020 of the population. The answer to them is employment. I dont see how that doesnt have a huge impact on the election . Neil my own view is that, we will definitely get under double digits by the election, i could be wrong. I dont know that being at 9 makes a difference, versus 10 but i think it will be. You seem to be arguing it could be a phenomenon like george bush senior had to indoor, technically in retrospect the economy was coming out of it but it was too little, too late to be sensed by the time of the election. The same thing happened to gerald ford in 1996, the same thing happen to al gore in 2000. The decisionmaker. In in the end, theres going to be factors, they are going to happen, these two candidates are going to stand sidebyside for 90 minutes, three times and are going to have to make the case not just for the past and not just for the present but also for the future and thats why, neil, i think china is going to emerge as the number two issue behind the economy. In which president ial candidate do you think is more likely to take control of the supply chain, take control of manufacturing so that america never has to be held hostage by the Chinese Government by chinese manufacturing. Neil all thats very interesting, far more interesting is the room behind us, this is your home. That looks exactly like the oval office. And there you go, now you can see the whole thing and i will give you a better look like this. I want to thank donald trump for loaning me his office. Its not my home, actually, you know that. I am doing this from 1600 pennsylvania avenue. Neil . Neil why did you do that . Why did you do that . This room has raised over 7 million in 2019 and 5 million in 2018 for charities that help veterans, help educational institutions, cancer, alzheimers. I wanted to build something. Neil thats the thing and that draws people to it, thats right. And oval office that you can sleep in and you dont have to be neil im worried about you, frank, but i do think youre brilliant. Im going to redo my entire house right now. Frank luntz, thank you very much, my friend. Reporting live from his oval office. Here comes the five. Jesse hello everybody, im Jesse Watters along with greg gutfeld, dana perino, marie harf, and kennedy. Its 5 00 in new york city and this is the five. We are awaiting a News Conference from President Trump at the white house but in the meantime, joe biden and his brandnew running mate, le kamaa harris revealing their most provocative move yet, calling for a nationwide mask mandate. Today i want to talk about one thing, straight forward. Doesnt have anything to do with democrats,