Transcripts For CNBC The News With Shepard Smith 20240711 :

Transcripts For CNBC The News With Shepard Smith 20240711

Under siege. But front line er doctors still manage to send a message of hope plus, weve got a live one shark tanks mr. Wonderful kevin oleary in the news tank, talking Small Business survival. Live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Good evening. The United States just topped more than 13 million covid cases, according to johns hopkins. Los angeles has just issued a new stayathome order it starts on monday. A full report coming and all of this as the virus has disrupted another american tradition. Black friday, normally one of the busiest shopping days of the year not in covids 2020 in many parts of our nation, thinner lines at stores. Smaller crowds at malls. Many people opting to shop from home instead its a trend accelerated by covid. Shoppers projected to spend as much as 10. 6 billion today. Thats according to the data firm Adobe Analytics and thanksgiving day spending rose by more than 21 compared to the same day last year. Total spending yesterday north of 5 billion. An alltime high we have coverage from all angles tonight. In a moment shark tanks mr. Wonderful will join us to talk about the online spending boom and how Small Businesses are staying afloat also reporting from deidre bosa on where people are spending their money this year. But first, cnbcs Bertha Coombs outside a target store in new york city. Bertha, a quiet day . Yeah, quiet day, though busier than you would have thought. This is normally the super bowl of shopping days but unlike football, this year black friday a lot less of a contact sport. We did find some lines we saw that a couple dozen gamers were lined up in the wee hours outside of the garden state mall not for bargains, but hoping to score a coveted ps5 console. By the time the store was set to open at 7 00 a. M. , well that crowded in to try to get the word and the news was not good gamestop manager came out a minute ago and said ive got no playstation 5s ive got maybe six xboxes. And people started leaving because they just need information. But while they were leaving by midmorning, there were a lot of people coming in, filling up spots in the parking lot, and shoppers were actually driving past the spots for Curbside Pickup to shop inside in person for bargains the crowds thinner than normal for a black friday, but that was comforting for some. I guess i always think of huge crowds. But obviously, there arent. So this may actually end up being the best time to come. It might be the safest time. At a lululemon store in order to follow social distancing rules, they actually turned the line into a virtual line they started texting shoppers, took their numbers, texted them when it was their turn to come in order to keep them spaced out. That line was about two hours long according to analysts over at they think instore shop willing be down about 30 . And just looking around at the mall today, it seems to be younger shoppers that really want to get out and shop in person today, and probably this weekend. Bertha, thanks. Black friday not enough. Target announcing a cyber week the retailer offering what its advertising as the largest ever lineup of digital deals. Another sign Online Shopping is taking over this year. So what are customers putting in their virtual carts . Cnbcs deirdra bosa now with us. What are this years hottest items . Well, shep, like so much else this year, the hot items, theyre looking a little bit different as well. Think pandemic products like toothbrushes for all of your zoom meetings and masks for everything else. As you alluded to, there are fewer door busters, and more people are shopping online than ever so the holiday discounts started earlier in categories like home decor and beauty, they are in higher demand this year. Take this popular phillips electric toothbrush. The sale version is completely sold out on walmart, but you can still get it for about 20 bucks off on amazon and target even smile direct club has a black friday deal on dental aligners now for your artisanal marx discounts as deep as 60 its also a good place to go to support Small Businesses where you can find deals on personalized gift. S. You can get your or your loved ones face on a puzzle amazon is expected to benefit most of all this Holiday Season has a small support section where you can look for local rules by region. There is nut pods dairy free creamer. In the northeast a brand that sales homemade ceramics and incense sticks the most featured deals on amazon are its own devices from echoes key question for the retailers big and small, shep. Can they actually deliver their packages on time the big box retailers as well as ups and fed ex, they have ramped up their holiday hiring. But industry expert, even amazon, which has built up its own Logistics Network are warning shoppers not to wait until the last minute. So i hope youre not a procrastinator i certainly am but im starting to get myself in order get it done, deidre, thank you. As americans plan to shop this weekend, many businesses are scrambling to keep up with shopping trends. The covid shutdown and ensuing shutdowns enforced a digital revolution kevin oleary, best known for shark tains mr. Wonderful have they been able to figure out how to get through this . Its been an extraordinary outcome, one i could have never perceived could happen, because in march when we were scrambling for ppe loans, the majority of my companies were negative we shut down 50 which is pretty much every americans business until we went through this extraordinary transformation we would have never shut down our headquarters, we would have never assumed that we could make a pivot and start selling direct to our customers instead of through retail thats exactly what happened and shep, when you sell something direct to a customer, you make almost 100 cents on the dollar versus 50 cents when you sell through retail. So thats the reason that there is a massive digital pivot going on, and there is major cost savings also occurring i could have never foreseen this 15 of my staff, including the areas of accounting, logistics and compliance never want to come back to the office. Wow theyre raising kids at home in the suburbs, taking care of elderly parents. Another majorsavings this is happening to every business in america. Ive read, kevin, that you were kind of shocked, really, to learn so many of your younger employees didnt have any savings, and then you started a business to help them out. Yeah. It was amazing if you recall the way the ppe worked, you had to show your payroll records on february 15th thats when i learned almost 90 of my young employees and my managers, people in their late 20s and early 30s had basically two weeks of salary set aside. They had invested nothing. We have failed in Financial Literacy thats a huge mistake to explain to them youve got to start saving so i put together an app called beanstocks that invests the same way i do it uses etfs and its asking every one of them to put 100 a week aside, right out of their bank account and paycheck and start thinking of the future. If you look at the markets over the last 150 years and you get the average returns and you only put 100 aside, you retire at 65 with a 1. 5 million in the bank thats a good outcome. Its a huge problem in america it sounds that sounds like a great outcome. You know, were kind of interrupting with the news tonight a shark tank marathon that started after the markets closed this afternoon. Youve been on the show for 11 years. What is it that keeps people coming back and back and back, no matter what the economy well, everybody is trying to figure out the magic of shark tank. Its extraordinary going into its second decade, but i think its one thing, shep its the magic, the pursuit of personal freedom, the American Dream encapsulated into a onehour show. I dont know whats going walk through those doors. You dont. And we go through the exploration together and we find out every once in a while. It doesnt work for everybody, but weve made multiple millionaires weve told billions of dollars of product we are the essence of the American Dream thats what really shark tank is about. You a great idea, you solve problems, youll be financially free you can set your family free with just one good idea. Before we let you go, for your businesses and there are lots of them, what is your thinking about when generally speaking business functions more normally its not going to be the same when we come back out of this, we are going to have a much more efficient economy. Major savings around real estate, business travel, shep, i guarantee you, my own personal experience, were going to be saving between 20 and 50 next year we dont need to fly to see a buyer anymore. We do it on a zoom call. We have Technology Like docusign we use crowd strike for what were doing in security. We use shopify platforms the world has changed. What happened in nine months was supposed to take five years. Even nikes numbers, theyve now got a third of their business worldwide directed at consumer they dont need retail as much the world has changed and the market senses it the reason its at alltime highs is it knows when we return, the new digital america 2. 0 is going to be more productive, have higher cash flow and be very, very much better off than it was prepandemic. Its hard to say a pandemic that kills people as a silver lining, but thats what it was leave it to you to find one kevin oleary, thank you so much kevin has been working on his latest primetime project with cnbc he wants to hear about your money disputes to help you figure out the best way forward. So if youre into it, go to cnbc. Com moneydispute. Tell kevin your story. Most Small Businesses in new york have been allowed to stay open since the summertime. That may be about to change. Governor cuomo announcing a covid plan for the winter when he says he expects cases to surge again, saying and im quoting, this virus has phases, and as the phases change, your plans should change. He also said the state will look at how thanksgiving impacted cases. Governor cuomo says all of the states theories project a postholiday increase. Gabe gutierrez is live in new york city. Whats the governors winter plan well, thats a big question, shep shep, his office says he is discussing what he calls that winter plan, but he hasnt gotten into the exact details about what it would include, just a broad outline among that, a mechanism for back seat distribution, more restrictions and socalled microclusters. And taking a really close look at hospital bed space. Shep, the governor is also talking about increasing testing in schools, although its unclear exactly how that would work or whether the School Systems will have their resources to do it as you know, mayor bill de blasio in new york city has faced a lot of backlash for closing schools, even though the Positivity Rate in schools is much lower than the rest of to the now increased testing in classrooms will be crucial to reopening come this winter and we expect to get more details on all that in the coming days. Meanwhile, the line for Rapid Testing here in new york city continues into the night, shep dwab gutierrez, thank you in the spring, new york was one of the epicenters of this pandemic positive test results jumped from 27 the week of march 8th to 65 the week of march 22nd. Front line doctors at the time reported a shortage of ppe some hospitals had no more room. Some patients died all alone that same scene is playing out in icus across our nation. Now the doctors who lived through it here share what they learned, hoping their message helps our newest frontline heros in their fight. As an emergency medicine physician, were exposed to a lot of infectious diseases, but none like covid19 theyre doctors who fought the invisible enemy, now sharing what got them through. First stop, new york city. Especially at the height of the pandemic, when every single patient was covid19, i wasnt sure whether i was going get sick and then of course bring it home to my family and my friends. Reporter dr. Christine haynes is also a mother. She tells us the contagion forced her the separate from her little ones for ten long weeks heartbreaking but important to keep them safe her advice to here Terrell Owens newest front line youre human, and its okay to cry its okay to break down. Believe me, i did many times next stop, l. A. Its always hard to talk about end of life matters with family members but once you introduce an illness that cannot just be devastating but can also pose risks to others, it takes on a very different dimension reporter dr. Sam torbati warning the surge takes a toll at work and at home too. On an individual level, its going to be different. Your family members may not want to interact with you you may need to develop a process of decontaminating yourself in your garage before youre allowed back in and you may need to prepare to become sick. Reporter last stop, seattle. Toughest part was being the first in the u. S. To be really experiencing what a wave of Covid Patients looks like. It felt helpless reporter the fight was isolating. Her advice no one should feel alone in this battle talking to colleagues in other cities where they were also experiencing the surge and know that it was a shared common experience those conversations really carried me through reporter and frontline heros are the ones carrying us through, giving thanks for your all. For the news, im andrea day now to the vote. Its not over. Not in georgia, anyway speaking of georgia, ill be going there. All eyes on georgia as two runoff elections can decide the fate of the senate and the nation when you got to go, go touchless. All of our soap dispensers, our paper towels are all touchless. Reporter the new airplane bathroom experience. All passengers have to do now is look up and see the green light. Reporter plus the pandemic upsurge. Can breeders keep up with the demand we cant just up the Assembly Line the facts, the truth, the news with Shepard Smith, back in 60 seconds we all have our own journey ahead of us. Our own hopes and dreams. Well pass many milestones. Moments that define you. And drive you. To achieve even more. So, celebrate every one. Because success isnt just about where you want to get to. Its also about how you get there the all new 2021 cadillac escalade. Never stop arriving. Still developing this hour, still developing this hour, irans Top Nuclear Scientist was assassinated today thats according to irans defense minister state media reports he died after armed men shot up his bodyguards and his car the attack 40 miles east of tehran no one has claimed responsibility, but irans foreign minister is blaming israel, quoting now serious indications of israeli responsibility, he says. Neither israel nor the United States is commenting the scientist was known as the mastermind of irans covert atomic bomb program. Nbcs ali rousey is in tehran. There is anger, outrage, a little bit of anxiety here in tehran after irans Top Nuclear Scientist was assassinated in a brazen attack in broad daylight. Now senior officials in the country have been calling for swift revenge for his assassination. The head of irans armed forces says that the country must revenge his assassination immediately. Others have been saying that if a swift blow isnt delivered to the United States and israel, it will only embolden the enemy also, paramilitary groups have staged a demonstration this evening, saying that no u. S. Assets should remain safe in this region over the next 40 days now Mohsen Fakhrizadeh was the father of Irans Nuclear program. This is going to be a big dent to the country, to their nuclear program. Its also going to expose a major Security Breach in the country and raise a lot of questions as to why irans Top Nuclear Scientist was exposed this way now although its probably not going to close down Irans Nuclear program, it is going to make negotiations with the United States and the future Biden Administration very complicated. Shep ali rousey from iran. Another legal blow from president trump, this time in pennsylvania a federal Appeals Court has rejected the trump teams latest push to claim voter fraud there. Three judges were on the panel, including one appointed by the president. They ruled that the fraud claims have no merit. The president is still resisting the results, at least on twitter, but on camera yesterday, he sounded less cavalier told reporters he will leave the white house if the Electoral College votes for biden. Theyre set to do just that when they meet in a few weeks this is the first time weve seen the president take questions from reporters since election day the president getting involved in Georgias Senate race now he said hell campaign in the state next saturday, december 5th. Thats new today two senate seats up for grabs there in a high stakes runoff that will decide who controls the u. S. Senate. Big political cash is pouring in there. The ad spend right now is massi. Republicans and democrats are shelling out 2 million every day on average in tv and radio ads. Thats according to advertising analytics. The parties have already spent nearly 60 million since election day and have booked another 200 million worth of ads in the days to come. Nbcs julia jester is live in atlanta for us julia, how is this cash impacting the turnout . Do we know all that saturation on the airwaves does seem to be making an impact here nearly 900,000 georgians have already requested their absentee mailin ballots. For democrats and republicans, the focus isnt so much on persuading undecided voters, but rather getting their core bases to turn out again

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