Transcripts For FBC After The Bell 20240712 : comparemela.co

From a record high, the nasdaq fighting to close at a record high. It had crossed a new high earlier today. Fox Business Team coverage for you now. Blake burman at the white house, Lauren Simonetti is watching the markets, and Edward Lawrence is in washington with those rock star jobs numbers. Lets kick it off with edward. Reporter yeah, melissa, the private sector actually created 3. 1 million jobs and government jobs you lost 585,000, thats where we settled for a net gain of 2. 5 million. All the estimates thought there would be huge losses on this. If you go inside the numbers, theres actually some very interesting statistics here, Digging Deeper into this. Just take a look at this. Leisure and hospitality creating 1. 2 million jobs, construction adding 464,000 jobs. Another 424,000 jobs created in education and health services. Get this, Dentists Office alone hiring back 245,000 people and retail up 368,000 jobs. President donald trump calling this start of a rocket ship recovery. His economic advisers backing that up. This was a sharp, tough, heartbreaking pandemic contraction. Its not a typical economic contraction. It was like a bad hurricane or ad bad snowstorm. There was a lot of heart ache and hardship in that, absolutely, but theyre sharp and fast, and they recover fast. And we are beginning to see this rapid recovery. Reporter now, treasury secretary Steven Mnuchin will be the point person again for another round of stimulus. Should that get through, he looks to the Payroll Protection Program as the reason these jobs numbers or one of the reasons these job numbers are so good, keeping people attached to their jobs. Listen. Not only did this save jobs, but we now see people coming back to work, and we look forward to working with congress on bipartisan issues to make sure we get every american back at work that was the, unfortunately, laid off as a result of this virus. Reporter and House Speaker nancy pelosi saying that congress is the reason, that their swift action for this jobs report, quickly take a look at her statement there. Decisive action by congress to support all Small Businesses and workers can make a strong difference in the economy. She goes on to say that now is the worst possible moment to take the foot off the gas, she would like to see another stimulus package. But for her, direct payments to states, Food Stamp Program expanded and another round of direct payments to americans. Back to you. Melissa thanks, edward. Now lets go to blake burman at the white house with the latest from the president. Blake . Reporter hi there, melissa. And democrats are making the argument today that there is nothing whatsoever joyous about 13 unemployment. However, there was certainly a celebratory feel inside the rose garden earlier today as President Trump described this may jobs report as, quote, the greatest comeback in American History. Now, the president thinks the economic picture will actually turn out to be better than a vshapes recovery. Still, though, he is calling for additional relief measures. Were going to be asking for a payroll fax9 cut. Tax cut. Well be canning for additional stimulus money because itll be far bigger and far better than weve ever seen in this country. Were going to be doing things for restaurants and various piece of the Entertainment Industry which will be an incentive whether its deductions or whatever. Reporter so you heard edward with outline part of what nancy pelosi wants, you just heard President Trump outline in part what he wants. However, today white house officials suggested that any next step measures are a month away at a minimum. So if we have another bunch of job numbers like weve seen going into july, then i could imagine it would be a much different phase four bill than if we had a whole bunch of months like april. So the president is doing exactly the right thing which is he built a bridge that basically lasts until about the end of july. So were going to monitor the economy. Reporter right now, connell and melissa, President Trump in maine where he has threatened retaliatory tariffs against the European Union for its treatment of maine lobster. The president saying that if the e. U. Doesnt take off a tariff on lobster that comes from maine over to the e. U. , then tariffs against european automobiles into the u. S. Could be equivalent, plus. Back to you. Melissa i lived in maine. Lobsters are a huge business up there, blake. Thank you. Connell. Connell all right. You have the news now, lets get the Market Reaction on a friday to that news, Lauren Simonetti joins us with that. Reporter yep. [laughter] it was strong, it was a surprise jobs number, and the comments from the president that more stimulus could be coming really sent the markets surging. Check this out, the dow up 829, up five days in a row, reaching 27,000 again. The nasdaq hit a record high during the session, closed three points shy of one. And the s p 500 is just 37 points away from being positive on the year. The weeks gains are just fantastic. The dow is up almost 7 this week, and its up at least 3 for three weeks in a row. We havent seen that since 1933. So Even Stronger when you look at the weekly basis. Take a look here, apple, unitedhealth and home depot all hit record highs today. Oil, that came near 40 a barrel. The Energy Sector rose more than 7 , exxon and chevron up. But occidental patrol couple up 33 petroleum up 33 today, its rallied 60 this week. We dig into the jobs report, the leisure and Hospitality Center added 1. 2 million workers. That was about half of the total overall. If you look at Entertainment Companies like live nation, solid performance today, and restaurants like Cheesecake Factory really advancing as well. But it also suggests that federal efforts such as the Payroll Protection Program may have protected some jobs for the time being. So well see what the may jobs the june jobs report says. Overall wages actually went down, guys, to just under 30 an hour because many of the jobs that returned are in lower paying sectors, as you can see here. And the pandemic has even pushed some places, some cities and states to vote on delaying their scheduled minimum wage increases. In fact, virginia a Democratic State has voted to post pone their increase until may of 2021, and some cities in california have delayed their increases as well. Think about it, if youre a business, first you have to reopen, get your employees back, your customers back, and then you could talk about higher wages. Back to you. Connell makes sense. Lauren, thank you. Melissa. Melissa all right. For reaction to todays jobs report, lets bring in steve forbes, forbes media with chairman. It strikes me the experts are even less expert than urinal with. They were than usual. They were looking for 7. 5 million, it came back as 8 million in the positive. This is the beginning of a great recovery, the president is right about that. And it turn it is out the pundits turns out that the pundits were wrong and the stock market was right. People were were wondering have the computers gone haywire, the market went up. The market anticipated that the futures going to be better. And the jobs report is even more encouraging. You mentioned Small Businesses. If you look at whats called the Household Survey which does a better job of measuring hiring by new businesses, Small Businesses, that was up 3. 8 million jobs in may, contrasted to the 2. 5 million in the other survey. So that was a very healthy report. And lower income people are getting rehired again. But with all this underscoring what the president emphasized today, and that is weve got to keep pouring more rocket fuel in, particularly a payroll tax holiday that reduces the costs of keeping people on the payroll, hiring new people and enables people who are working to get a substantial pay increase. If youre making 40,000 a year, spending that tax to an equivalent of 3,000 tax increase in income. Let nancy pelosi and others say, no, you cant keep more of what you earn, employers, you have to pay more for hiring people. I dont think its going to be a winning political issue for the dems. Melissa steve, youre so smart to point to where the next fight is going to be. You know, the president said now that so much of the economy has recovered, we have to focus our efforts on the areas where theres still so much trouble whether thats specific cities or specific groups. A lot of people pointing out today that the black Unemployment Rate is still incredibly high, that that was one of the low points within this survey. And, in fact, its back to where it was ten years ago, back to where it was during the obama administration. I mean, black unemployment back to that level. What is a way to target this part of the economy . You talked about the payroll tax cut, i can already hear people fighting for longer unemployment benefits. Is that the answer . No, thats actually counterproductive in the sense of giving people really increasing the costs of not increasing the benefits of not working. What you want to do by that payroll tax, you give people more money. And i would support against my conservative colleagues one more time of a individual stimulus sending out of checks, 1200, 1500 coming in september. Give the economy a boost. Lets remember before the covid crisis hit, unemployment among the hispanic community, the black community, the Asian Community were at record lows in this country, and theres no reason to believe that if we get this thing really going like doing the suspension of the payroll tax we can achieve those great numbers in the months ahead, those kind of achievements. So the key thing is to create the right environment and, by golly, this thing will correct itself. So do the onetime more payment for individuals, do that a payroll tax suspension and if they want to throw in immunity on crazy lawsuits, that would even be better. But you to do those kind of things, you create the right environment for private sector job creation, thats where the dynamism and the resource creation comes in this economy. Its going to surprise a lot of people. The american political spirit, economic spirit is still as strong as ever, and this is proof of it. Melissa if you look inside the numbers, hospitality, 1. 2 million. Construction, almost half a million jobs created here in new york theyre going to reopen construction sites starting on monday. Retail trade, manufacturing, hes also going to do something for restaurants, extend that ppp time when you can get it forgiven as, not as a loan, but as a grant because now things are starting to reopen. God bless. Steve forbes, thank you for coming on. The american spirit live and well, we appreciate it. Com. Connell all right. Well continue the talk about getting back to business. Universal Orlando Resort officially roping to the reopening to the general public today. The first of the major attractions to open up after closing down for the pandemic. Visitors, though, can certainly expect a different experience; social distancing protocols in place, limits on capacity and updated safety requirements. You mentioned new york. New york city is bracing for phase one of it reopening. Thats set for monday as many as 400,000 people could return to work. The move allowing nonessential Retail Stores in the city to offer Curbside Pickup to customers. But after all the unrest weve seen over the last week or so, some Small Businesses are left in limbo. Well talk about it, the latest from new york coming up next. And remember, protests are still underway across the nation as lawmakers push forward policies for police reform. So well talk about that with the judge, Andrew Napolitano, on the legal fallout coming up. Give me your hand i can save you. Lots of money with Liberty Mutual we customize your Car Insurance so you only pay for what you need only pay for what you need. Liberty. Liberty. Liberty. Liberty. Than Rheumatoid Arthritis or Psoriatic Arthritis. When considering another treatment, ask about xeljanz xr, a oncedaily pill for adults with moderate to severe Rheumatoid Arthritis or active Psoriatic Arthritis for whom methotrexate did not work well enough. It can reduce pain, swelling, and significantly improve physical function. Xeljanz can lower your ability to fight infections like tb; dont start xeljanz if you have an infection. Taking a higher than recommended dose of xeljanz for ra can increase risk of death. Serious, sometimes fatal infections, cancers including lymphoma, and blood clots have happened. As have tears in the stomach or intestines, serious allergic reactions, and changes in lab results. Tell your doctor if youve been somewhere fungal infections are common, or if youve had tb, hepatitis b or c, or are prone to infections. Dont let another morning go by without asking your doctor about xeljanz xr. Without asking your doctor a mastersdgren, youin chemical engineering. , and youre technically a genius. And it appears youre quite the investor. I like to trade. Well, Td Ameritrade has pros ready if you need help, say talking through a new strategy. Just in case things, you know, get a little rocky . Im sorry on the upside i think thats waterproof. Maybe not. Melissa protests currently underway in new york. Fox news laura ingle is live in brooklyn with the latest. Reporter melissa, well, 16 protests alone are scheduled in new york city today, and we have many more that we have heard about that are going to happen over the weekend. And one thing that were wondering, everybodys wondering, is how all of this is going to work as we get closer to phase one, the partial reopening, as we get on to that on monday. And, of course, we want it to look more calm than chaotic. Thousands have marched through the streets today and have vowed to continue through the night as they have for the last week demanding justice and change after the death of george floyd. There were at least 270 arrests last night in the city, mostly for breaking curfew. Some officers were seen pushing back protesters, others were being detained and taken away. It is a scene that we have watched repeated for a variety of reasons including what happened last friday with the arrest of a woman who was seen on video throwing a molotov cocktail at an nypd van with four officers inside. Now, while that woman remains in custody, the other two people she was with were released with gps monitoring. Ed today in court the government argued against that decision, no ruling was made. So as protests ebb and flow here in brooklyn, businesses around them for the most part are still closed. But on monday things will, hopefully, look a lot different when the city somewheres phase one, and that is when several enters phase one x that is when several hundred thousand people are expected to return back to work, get on public transportation. And the question is, again, how is that going to look if we are still in the situation that we have found ourselves here as new yorkers watching the streets clogged with protesters, peacefully at times, but we know what happens at night. Its a wait and see as we combine these two things that are happening on monday. Melissa. Melissa were new york, you cant stop us. Laura, thank you. Reporter thats right. Melissa connell. Connell many of these protesters would tell you theyd hike to reform the like to reform the system. Michigan congressman justin amash introduced a bill which would actually make it easier to sue Police Officers who violate civil rights. What could that mean for the future of Police Anything this country . The judge joins us, Andrew Napolitano, fox news senior jewish analyst. Judicial analyst. I wanted to bring you on to explain it and then give us only analysis. Tell us what qualified immunity is and what it would mean if it went away. So Police Officers enjoy whats called qualified immunity meaning if they qualify for it, if they are real, legitimate Police Officers on a legitimate police mission, then they cant be sued personally. So if thes candidate of george the estate of george floyd were to sue derek cho shin, his personal assets are not at risk. The city of minneapolis would assume his defense and pay any judgment against him. The argument against qualified immunity is the police have free rein, they can do what they want. They dont fear harming people because they have nothing to lose. The insurance carrier for their boss may lose some money or the city they work for, but they wont lose anything. The theory of congressman amashs legislation and i have been a proponent of getting rid of qualified immunity since my days on the bench when i was witnessing this tough played out in courtrooms and criminal trials over which i presided the theory is that if police know that their own homes and their own savings accounts are at risk if they misbehave, if they break the law, if they use unreasonable force, they will behave appropriately. So qualified immunity is the law in all 50 states for every cop in the country. The Business Team<\/a> coverage for you now. Blake burman at the white house, Lauren Simonetti<\/a> is watching the markets, and Edward Lawrence<\/a> is in washington with those rock star jobs numbers. Lets kick it off with edward. Reporter yeah, melissa, the private sector actually created 3. 1 million jobs and government jobs you lost 585,000, thats where we settled for a net gain of 2. 5 million. All the estimates thought there would be huge losses on this. If you go inside the numbers, theres actually some very interesting statistics here, Digging Deeper<\/a> into this. Just take a look at this. Leisure and hospitality creating 1. 2 million jobs, construction adding 464,000 jobs. Another 424,000 jobs created in education and health services. Get this, Dentists Office<\/a> alone hiring back 245,000 people and retail up 368,000 jobs. President donald trump calling this start of a rocket ship recovery. His economic advisers backing that up. This was a sharp, tough, heartbreaking pandemic contraction. Its not a typical economic contraction. It was like a bad hurricane or ad bad snowstorm. There was a lot of heart ache and hardship in that, absolutely, but theyre sharp and fast, and they recover fast. And we are beginning to see this rapid recovery. Reporter now, treasury secretary Steven Mnuchin<\/a> will be the point person again for another round of stimulus. Should that get through, he looks to the Payroll Protection Program<\/a> as the reason these jobs numbers or one of the reasons these job numbers are so good, keeping people attached to their jobs. Listen. Not only did this save jobs, but we now see people coming back to work, and we look forward to working with congress on bipartisan issues to make sure we get every american back at work that was the, unfortunately, laid off as a result of this virus. Reporter and House Speaker<\/a> nancy pelosi saying that congress is the reason, that their swift action for this jobs report, quickly take a look at her statement there. Decisive action by congress to support all Small Businesses<\/a> and workers can make a strong difference in the economy. She goes on to say that now is the worst possible moment to take the foot off the gas, she would like to see another stimulus package. But for her, direct payments to states, Food Stamp Program<\/a> expanded and another round of direct payments to americans. Back to you. Melissa thanks, edward. Now lets go to blake burman at the white house with the latest from the president. Blake . Reporter hi there, melissa. And democrats are making the argument today that there is nothing whatsoever joyous about 13 unemployment. However, there was certainly a celebratory feel inside the rose garden earlier today as President Trump<\/a> described this may jobs report as, quote, the greatest comeback in American History<\/a>. Now, the president thinks the economic picture will actually turn out to be better than a vshapes recovery. Still, though, he is calling for additional relief measures. Were going to be asking for a payroll fax9 cut. Tax cut. Well be canning for additional stimulus money because itll be far bigger and far better than weve ever seen in this country. Were going to be doing things for restaurants and various piece of the Entertainment Industry<\/a> which will be an incentive whether its deductions or whatever. Reporter so you heard edward with outline part of what nancy pelosi wants, you just heard President Trump<\/a> outline in part what he wants. However, today white house officials suggested that any next step measures are a month away at a minimum. So if we have another bunch of job numbers like weve seen going into july, then i could imagine it would be a much different phase four bill than if we had a whole bunch of months like april. So the president is doing exactly the right thing which is he built a bridge that basically lasts until about the end of july. So were going to monitor the economy. Reporter right now, connell and melissa, President Trump<\/a> in maine where he has threatened retaliatory tariffs against the European Union<\/a> for its treatment of maine lobster. The president saying that if the e. U. Doesnt take off a tariff on lobster that comes from maine over to the e. U. , then tariffs against european automobiles into the u. S. Could be equivalent, plus. Back to you. Melissa i lived in maine. Lobsters are a huge business up there, blake. Thank you. Connell. Connell all right. You have the news now, lets get the Market Reaction<\/a> on a friday to that news, Lauren Simonetti<\/a> joins us with that. Reporter yep. [laughter] it was strong, it was a surprise jobs number, and the comments from the president that more stimulus could be coming really sent the markets surging. Check this out, the dow up 829, up five days in a row, reaching 27,000 again. The nasdaq hit a record high during the session, closed three points shy of one. And the s p 500 is just 37 points away from being positive on the year. The weeks gains are just fantastic. The dow is up almost 7 this week, and its up at least 3 for three weeks in a row. We havent seen that since 1933. So Even Stronger<\/a> when you look at the weekly basis. Take a look here, apple, unitedhealth and home depot all hit record highs today. Oil, that came near 40 a barrel. The Energy Sector<\/a> rose more than 7 , exxon and chevron up. But occidental patrol couple up 33 petroleum up 33 today, its rallied 60 this week. We dig into the jobs report, the leisure and Hospitality Center<\/a> added 1. 2 million workers. That was about half of the total overall. If you look at Entertainment Companies<\/a> like live nation, solid performance today, and restaurants like Cheesecake Factory<\/a> really advancing as well. But it also suggests that federal efforts such as the Payroll Protection Program<\/a> may have protected some jobs for the time being. So well see what the may jobs the june jobs report says. Overall wages actually went down, guys, to just under 30 an hour because many of the jobs that returned are in lower paying sectors, as you can see here. And the pandemic has even pushed some places, some cities and states to vote on delaying their scheduled minimum wage increases. In fact, virginia a Democratic State<\/a> has voted to post pone their increase until may of 2021, and some cities in california have delayed their increases as well. Think about it, if youre a business, first you have to reopen, get your employees back, your customers back, and then you could talk about higher wages. Back to you. Connell makes sense. Lauren, thank you. Melissa. Melissa all right. For reaction to todays jobs report, lets bring in steve forbes, forbes media with chairman. It strikes me the experts are even less expert than urinal with. They were than usual. They were looking for 7. 5 million, it came back as 8 million in the positive. This is the beginning of a great recovery, the president is right about that. And it turn it is out the pundits turns out that the pundits were wrong and the stock market was right. People were were wondering have the computers gone haywire, the market went up. The market anticipated that the futures going to be better. And the jobs report is even more encouraging. You mentioned Small Businesses<\/a>. If you look at whats called the Household Survey<\/a> which does a better job of measuring hiring by new businesses, Small Businesses<\/a>, that was up 3. 8 million jobs in may, contrasted to the 2. 5 million in the other survey. So that was a very healthy report. And lower income people are getting rehired again. But with all this underscoring what the president emphasized today, and that is weve got to keep pouring more rocket fuel in, particularly a payroll tax holiday that reduces the costs of keeping people on the payroll, hiring new people and enables people who are working to get a substantial pay increase. If youre making 40,000 a year, spending that tax to an equivalent of 3,000 tax increase in income. Let nancy pelosi and others say, no, you cant keep more of what you earn, employers, you have to pay more for hiring people. I dont think its going to be a winning political issue for the dems. Melissa steve, youre so smart to point to where the next fight is going to be. You know, the president said now that so much of the economy has recovered, we have to focus our efforts on the areas where theres still so much trouble whether thats specific cities or specific groups. A lot of people pointing out today that the black Unemployment Rate<\/a> is still incredibly high, that that was one of the low points within this survey. And, in fact, its back to where it was ten years ago, back to where it was during the obama administration. I mean, black unemployment back to that level. What is a way to target this part of the economy . You talked about the payroll tax cut, i can already hear people fighting for longer unemployment benefits. Is that the answer . No, thats actually counterproductive in the sense of giving people really increasing the costs of not increasing the benefits of not working. What you want to do by that payroll tax, you give people more money. And i would support against my conservative colleagues one more time of a individual stimulus sending out of checks, 1200, 1500 coming in september. Give the economy a boost. Lets remember before the covid crisis hit, unemployment among the hispanic community, the black community, the Asian Community<\/a> were at record lows in this country, and theres no reason to believe that if we get this thing really going like doing the suspension of the payroll tax we can achieve those great numbers in the months ahead, those kind of achievements. So the key thing is to create the right environment and, by golly, this thing will correct itself. So do the onetime more payment for individuals, do that a payroll tax suspension and if they want to throw in immunity on crazy lawsuits, that would even be better. But you to do those kind of things, you create the right environment for private sector job creation, thats where the dynamism and the resource creation comes in this economy. Its going to surprise a lot of people. The american political spirit, economic spirit is still as strong as ever, and this is proof of it. Melissa if you look inside the numbers, hospitality, 1. 2 million. Construction, almost half a million jobs created here in new york theyre going to reopen construction sites starting on monday. Retail trade, manufacturing, hes also going to do something for restaurants, extend that ppp time when you can get it forgiven as, not as a loan, but as a grant because now things are starting to reopen. God bless. Steve forbes, thank you for coming on. The american spirit live and well, we appreciate it. Com. Connell all right. Well continue the talk about getting back to business. Universal Orlando Resort<\/a> officially roping to the reopening to the general public today. The first of the major attractions to open up after closing down for the pandemic. Visitors, though, can certainly expect a different experience; social distancing protocols in place, limits on capacity and updated safety requirements. You mentioned new york. New york city is bracing for phase one of it reopening. Thats set for monday as many as 400,000 people could return to work. The move allowing nonessential Retail Stores<\/a> in the city to offer Curbside Pickup<\/a> to customers. But after all the unrest weve seen over the last week or so, some Small Businesses<\/a> are left in limbo. Well talk about it, the latest from new york coming up next. And remember, protests are still underway across the nation as lawmakers push forward policies for police reform. So well talk about that with the judge, Andrew Napolitano<\/a>, on the legal fallout coming up. Give me your hand i can save you. Lots of money with Liberty Mutual<\/a> we customize your Car Insurance<\/a> so you only pay for what you need only pay for what you need. Liberty. Liberty. Liberty. Liberty. Than Rheumatoid Arthritis<\/a> or Psoriatic Arthritis<\/a>. When considering another treatment, ask about xeljanz xr, a oncedaily pill for adults with moderate to severe Rheumatoid Arthritis<\/a> or active Psoriatic Arthritis<\/a> for whom methotrexate did not work well enough. It can reduce pain, swelling, and significantly improve physical function. Xeljanz can lower your ability to fight infections like tb; dont start xeljanz if you have an infection. Taking a higher than recommended dose of xeljanz for ra can increase risk of death. Serious, sometimes fatal infections, cancers including lymphoma, and blood clots have happened. As have tears in the stomach or intestines, serious allergic reactions, and changes in lab results. Tell your doctor if youve been somewhere fungal infections are common, or if youve had tb, hepatitis b or c, or are prone to infections. Dont let another morning go by without asking your doctor about xeljanz xr. Without asking your doctor a mastersdgren, youin chemical engineering. , and youre technically a genius. And it appears youre quite the investor. I like to trade. Well, Td Ameritrade<\/a> has pros ready if you need help, say talking through a new strategy. Just in case things, you know, get a little rocky . Im sorry on the upside i think thats waterproof. Maybe not. Melissa protests currently underway in new york. Fox news laura ingle is live in brooklyn with the latest. Reporter melissa, well, 16 protests alone are scheduled in new york city today, and we have many more that we have heard about that are going to happen over the weekend. And one thing that were wondering, everybodys wondering, is how all of this is going to work as we get closer to phase one, the partial reopening, as we get on to that on monday. And, of course, we want it to look more calm than chaotic. Thousands have marched through the streets today and have vowed to continue through the night as they have for the last week demanding justice and change after the death of george floyd. There were at least 270 arrests last night in the city, mostly for breaking curfew. Some officers were seen pushing back protesters, others were being detained and taken away. It is a scene that we have watched repeated for a variety of reasons including what happened last friday with the arrest of a woman who was seen on video throwing a molotov cocktail at an nypd van with four officers inside. Now, while that woman remains in custody, the other two people she was with were released with gps monitoring. Ed today in court the government argued against that decision, no ruling was made. So as protests ebb and flow here in brooklyn, businesses around them for the most part are still closed. But on monday things will, hopefully, look a lot different when the city somewheres phase one, and that is when several enters phase one x that is when several hundred thousand people are expected to return back to work, get on public transportation. And the question is, again, how is that going to look if we are still in the situation that we have found ourselves here as new yorkers watching the streets clogged with protesters, peacefully at times, but we know what happens at night. Its a wait and see as we combine these two things that are happening on monday. Melissa. Melissa were new york, you cant stop us. Laura, thank you. Reporter thats right. Melissa connell. Connell many of these protesters would tell you theyd hike to reform the like to reform the system. Michigan congressman justin amash introduced a bill which would actually make it easier to sue Police Officers<\/a> who violate civil rights. What could that mean for the future of Police Anything<\/a> this country . The judge joins us, Andrew Napolitano<\/a>, fox news senior jewish analyst. Judicial analyst. I wanted to bring you on to explain it and then give us only analysis. Tell us what qualified immunity is and what it would mean if it went away. So Police Officers<\/a> enjoy whats called qualified immunity meaning if they qualify for it, if they are real, legitimate Police Officers<\/a> on a legitimate police mission, then they cant be sued personally. So if thes candidate of george the estate of george floyd were to sue derek cho shin, his personal assets are not at risk. The city of minneapolis would assume his defense and pay any judgment against him. The argument against qualified immunity is the police have free rein, they can do what they want. They dont fear harming people because they have nothing to lose. The insurance carrier for their boss may lose some money or the city they work for, but they wont lose anything. The theory of congressman amashs legislation and i have been a proponent of getting rid of qualified immunity since my days on the bench when i was witnessing this tough played out in courtrooms and criminal trials over which i presided the theory is that if police know that their own homes and their own savings accounts are at risk if they misbehave, if they break the law, if they use unreasonable force, they will behave appropriately. So qualified immunity is the law in all 50 states for every cop in the country. The Police Unions<\/a> are so powerful, connell, that every time theres an effort to get rid of it, it fails. Connell because they are going to come back and theyre going to say, well, you know, if you get rid of this, we could have frivolous lawsuits coming up on Police Officers<\/a> who did the right thing, wrongly accused, could lose, you know, could lose their life or, as you said, their house. Thats their argument. Well, that is their argument, and the other argument is that they would make, the Police Unions<\/a> and Police Officers<\/a> would make, is you dont want us to be gun shy. You dont want us to be afraid to do your job. Connell right. Well, if you do your job and follow the law, you will always get an extra a nation from the judge to the jury that the police are are allowed certain leeway and allowed certain judgment calls to make. But the free rein that they have had manifested so horrifically in the george floyd torture and murder has led to the types of things that were all talking about now. I dont know where this is going to go, and though i commend the congressman, this is really a state issue because this is legislation in every state. Its slightly different in every state. But for the most part, it either prevents losses against the police or it reimburses them for any judgment against them. So you not only have to get rid of immunity, you have to get rid of the indemnity as well. Connell we always wonder in situations like this what will come out of it, will there just be protests and then we go back to the way we were, or will there be some changes. It seems to me from a legal basis at least if this part of the law, this qualified immunity, were changed even if its not in every state, that would be a significant reform, that would be a senate change from the Current System<\/a> a significant change from the Current System<\/a>, right . It would be a profound change, connell, one that libertarians and progressives have been arguing for for years. A lot of people would applaud this, and it would instantaneously result in police restraint. It might also result in Police Retirement<\/a> and a different mindset replacing them on the police department. And it would result in different training for police. But it would result immediately in a restraint. I cant imagine connell yeah. Derek chauvin having done to george floyd what he did if he thought hed lose his mortgage, his house and his car over it. Connell what would you say to someone who says, well, it could also make it tougher to recruit into the m. D. Es if they know this is coming in Police Departments<\/a> . It will, but its worth going through that toughness. Its worth changing the Police Culture<\/a>. If we dont change the Police Culture<\/a> after what the country has been through since george floyd suffered that horrific death, its hard to imagine what would change the Police Culture<\/a> short of more bloodshed and more rioting and more destruction and more death. Connell yeah. I mean, like any business, and, you know, being a Police Officers<\/a> a job and a business, you wonder what types of changes youll see to it after all of this. You know, well follow this because, like the judge says, if it starts to happen in the states, it could be significant. Judge Andrew Napolitano<\/a> with us today. Melissa, back over to you. Melissa ahead of a typically busy summer season, airlines are revealing some major changes and the first time that demand for travel might be recovering. Plus, an unlikely boom amid the pandemic. Well talk to one Small Business<\/a> owner who i saw a surge in orders during the nationwide with lockdown. Introducing new voltaren arthritis pain gel, the first and only full prescription strength nonsteroidal antiinflammatory gel available overthecounter. New voltaren is powerful arthritis pain relief in a gel. Voltaren. The joy of movement. Connell fox business alert as more than 5,000 facebook employees are urging the ceo, mark zuckerberg, to change the companys policies around political speech. Saying, and this is a quote from one of the documents, Fact Checking<\/a> and removal of hate speech shouldnt be exempt for politicians. All this according to documents that were seen by the washington post. Melissa. Melissa hmm. Ready for takeoff, the Airline Industry<\/a> preparing for an increase in fliers as americans are getting more comfortable in this new normal. Grady trimble is live from chicagos ohare with more. Reporter more than 391,000 people went through tsa checkpoints across the country yesterday, thats down about 2. 2 million compared to the same day a year ago, but its also the most weve seen since march 22nd. I want to single out american airlines, thats the terminal were in. That airline saw its daily number of passengers up 243 in the last are week of may compared to the month of april. And the number of passengers across the board across all airlines has been steadily climbing since mid april. Some of the reasons for that, well, the states weve seen have been reopening, the school year is ending, and people are getting used to the new requirements like wearing a mask in their everyday life, they dont seem to mind doing it on a plane either. Because of all those things, Summer Travel<\/a> looking more promising than the last few months have been. What were noticing at the airport today is for a while we saw people who needed to travel, people who are going places for work or Something Else<\/a> that they needed to get to, and now what were seeing is people traveling for leisure again. Im nervous, but the low number of people here does make me feel a little more comfortable. But, obviously, yeah, i wouldnt go if i didnt feel, if i didnt feel comfortable. Actually quite pleasant because the plane is only about half full, and im always getting free upgrades. So its actually pleasant. Reporter and amid all this good news, delta announcing that it is suspending flights out of 11 u. S. Cities, mostly smaller cities. Melissa. Melissa grady trimble, thank you for that. Connell. Connell all right. Well, the Nations Capital<\/a> bracing for what might be its largest protest to date. That is set for tomorrow. It comes as the citys mayor is doubling down on a request. Well tell you what that is as were live from washington with a look at where things stand. Thats next. Plus, some major retailers are finding ways to prevent looters from profiting from the millions of dollars worth of stolen goods. And starting monday, the nhl will enter phase two of its plan to restart its season allowing players to return for voluntary workouts involving no more than six players and a limited number of staff. Stock slices. For as little as 5, now anyone can own companies in the s p 500, even if their shares cost more. At 5 a slice, you could own Ten Companies<\/a> for 50 instead of paying thousands. All Commission Free<\/a> online. Schwab stock slices an easy way to start investing or to give the gift of stock ownership. Schwab. Own your tomorrow. So to breathe better, i started oncedaily anoro. Copd tries to say, go this way. I say, ill go my own way, with anoro. Oncedaily anoro contains two medicines called bronchodilators that Work Together<\/a> to significantly improve lung function all day and all night. Do not use anoro if you have asthma. Anoro wont replace rescue inhalers for sudden symptoms and should not be used more than once a day. Tell your doctor if you have a heart condition, high blood pressure, glaucoma. Prostate, bladder or urinary problems. These may worsen with anoro. Call your doctor if you have worsened breathing, chest pain. Mouth or tongue swelling, problems urinating, vision changes or eye pain, while taking anoro. The most common side effects are sore throat, diarrhea, and pain in the arms and legs. Ask your doctor about oncedaily anoro to start treating your copd. Were here for you during this challenging timeand always. Find support at anoro. Com. Hold on one second. Sure. Okay. Okay safe drivers save 40 guys guys check it out. Safe drivers save 40 safe drivers save 40 safe drivers save 40 thats safe drivers save 40 . It is, thats safe drivers save 40 . Hes right there. Its him hes here. Hes right here. Hi hi. Hey thats totally him. Its him thats totally the guy. Safe drivers do save 40 . Click or call for a quote today. Melissa fox business alert, nike revealing that mike jordan and the jordan brand will be donating 100 million to organizations dedicated to insuring social justice and greater access to education, adding pardon me that the donation will be over the next ten years. Wow. Connell. Connell okay. Melissa, were going to go to washington now. Peaceful protests moving forward there this afternoon, but many are watching for what might happen over the weekend at the Nations Capital<\/a> as large crowds of protesters are expected. To Hillary Vaughn<\/a> live with the details. Hillary. Reporter connell, were here and what used to be 16th street, and now it has been renamed black lives matter plaza. I want to point out senator Kamala Harris<\/a> right here visiting this walkway. You can see the black letters here, that spells out black lives matter in the streets leading up to the white house. Im going to is can her a question, but i think shes going live on instagram right now. I do want to point out this just happened this morning. This is a decision that the d. C. Mayor made to rename this street black lives matter plaza and also put this mural on the streets leading up to the white house. But while that was happening this morning, the mayor also had to push back against reports that she actually evicted some National Guard<\/a> troops from the marriott markey here in march key, saying she just stopped footing the bill for the rooms saying that d. C. Taxpayers should not have paid the price for out of state National Guard<\/a>smen that her district did not ask for. I asked the mayor what her message is to 200 utah National Guard<\/a>smen that finished an allnight shift at three a. M. This morning only to find out they had to check out of their room a few hours later. A lot of these soldiers got off an overnight shift at 10 a. M. , they have nowhere to sleep after working all night. We have no desire to have any soldier out on the street, but d. C. Residents cant pay their bills. So either the department of the army or their home state will have to take care of their arrangements. Reporter the mayors move is being criticized as a political move thats unfairly hurting the troops. Utah senator mike lee saying evicting National Guard<\/a> personnel from hotels after a late night shift risking their lives to protect washington is a shameful, petty, discrediting decision by mayor bowser. If she has a problem with President Trump<\/a>, she should take it up with him, not take it out on the National Guard<\/a>. The housing situation still has not been resolved, they dont know whos paying or where theyre staying and they are about to start another overnight shift in just about an hour. While 4500 National Guard<\/a> troops from around the country remain here in d. C. , all 900 active duty troops are being sent home. This is happening before d. C. Is expected to get its largest march protest yet on saturday, tomorrow. Were expecting about one Million People<\/a> to come here to the district to continue protesting. Connell . Connell all right. Well watch it over the weekend. Thank you, hillary. Hillary vaughn in the streets of washington. Melissa. Melissa devastation for so many businesses. The wall street journal publishing an editorial this morning highlighting the damage of looting to stores during the riots of the past few days saying, quote who the looting ruined. Here now is the owner of the Clothing Store<\/a> the 89 and pine in drum columbus, ohio. This editorial really hit a lot of people because it really shows you that every broken window that we see, all these businesses that are shown, theyre human beings. Theyre people. Its their life savings. Tell us your story. Hi, melissa. Well, i moved to the u. S. A little over a decade ago. I was born in alexandria in egypt. And i was living the american dream. I started my first Small Business<\/a>, it was still clothing. I was out it was out of an office in downtown columbus. A few years later, you know, i was able to grow bigger, and, you know, fast forward about 11 years this happens, and it is devastating, for sure. Melissa were looking at at a picture of your store. Im sorry, i didnt want to interrupt you. I wanted to point out to people that your inventory was stolen and ruined. You lost everything in one night, and you said that 70,000 in product basically, you know, thats all your profits. Thats everything that youve made that youve poured back into your business over that decade that youve been building it. Is that right . Did you have any insurance, and what do you do from here . Unfortunately, i did not have any insurance. To insure, you know, like a Small Business<\/a> like this it costs about a few thousand for this kind of inventory. I did not think that ill ever need i would ever need insurance to cover inventory. So it is, you know, like it is devastating, what happened. I wasnt planning for it to happen. They stole, you know, i got all those they stole sewing machines, even the mirror off the wall, stacks of jeans. And this is not just, melissa, you know, the monetary value of this. These are items that i design myself. Its my artwork. Thats my designing. It hurts to see it dragged on the sidewalk. It is just, you know, like the whole situation was hard for me to imagine, to be honest with you. Melissa for people who are watching and feel your pain, i know that you have a gofundme just so that you can try and get, you know, back in business or get a little bit of a tart again. Tell us about your gofundme. Whats it called . Where can people find it . It was actually started by one of my early customers. He talked to me and he wanted me to start one. And it is really hard to ask for help. Is so, you know, like i didnt do it, he went ahead e and he actually did it on his own. Its called help 89 and pine rebuild. So, again, its, you know, it is hard to ask for help. I was, to be honest with you, i was thinking of just shutting my doors. With the amount of support that i have been getting, the phone calls, you guys, you know, its tremendous. And it is going to help me fight. Im going to continue to fight. Melissa its so important because a lot of people, you know, empathize with the protesters and what theyre about, and at the same time when you see that broken window, we want people to understand, you know, you were living the american dream. You, too, are an immigrant, you know . You were pouring every dollar into your business, you know . The broken windows, those are people and dreams and lives. Sam, thank you for coming on and telling your story. I know its not easy but its important. Thank you for that. Good luck to you, god bless you. Thank you. Melissa connell. Connell all right. Man, that is a tough one. As we continue, well have a custom greeting that turned into a booming business. The story of one Business Owner<\/a> bucking the trend amid the pandemic and using some of the funds to give back. Thats next. Introducing new voltaren arthritis pain gel, the first and only full prescription strength nonsteroidal antiinflammatory gel available overthecounter. New voltaren is powerful arthritis pain relief in a gel. Voltaren. The joy of movement. Connell back with a bright spot amid all the chaos weve been reporting on. While many businesses have struggled to survive the coronavirus shutdowns, this company from long island is actually experiencing a boom. Its also giving back, which makes it an even better story. Were joined now by the sign gypsies long island cofounder, teresa ray. Good to see you, teresa. Sign gypsies, you guys are in the custom yard sign business which has become a thing here. Tell us how business has been going and, you know, what youve been doing here the last couple months. Business is great. We have been, our business has increased dramatically in the last few months. Weve been just getting an influx of calls and bookings, can and its been really amazing. Connell its that thing i saw a birthday sign for somebody, 6th birthday on the screen that were showing. Thats a what everybody does now because they cant meet up face to face. I know around us its almost like a parade. The kids get in the car with their parents, and they drive by. And then if you have the sign up, i guess that adds to it, right . Yeah. So what we do is we set up the night before the childs birthday, we do other events too, but we specialize in birthdays. And the kid wakes up in the morning, and they run outside and theyre super surprised and excited to see their sign. You know, its something that makes them feel really special, and its great during the driveby parades because, hey, you cant misses the house when theres that a big yard sign in the front of your house. [laughter] connell right. Thats always the thing, you try to find out which house it is, start beeping the horn at the wrong house. Right. Connell alexander, he knows its his birthday, hes a cutie pie. Yes, he is a cutecutie pie. Connell i thought the, well, they must have thought of this during the pan demic and thought, oh, were going to do this, but you guys have been around for a few years. Yeah, no, we actually started in 2016. Weve been around for a few years. And, you know, were still here. Were actually part of sign gypsies is a national company. Were, like, an affiliate of them, almost like a franchise, and we have over 600 locations around the United States<\/a> and canada. So its really cool. Connell i mentioned at the beginning that you guys were giving back, and we talk to a lot of Business Owner<\/a>s who are doing that. I didnt want to end without asking you about that. How has that been working out . What are you doing to kind of give back to the community . So any hospitals that have contacted us, weve done, like, heroes work here signs for them, were in this together, our heroes work here, weve done all that, you know, for free for them because we just feel like, you know, they put their lives on the line for all of us u so why, you know, we could not, you know, ask them to pay for a sign. Its just, it wasnt right. We also offer [inaudible conversations] discounts for doctors, nurses, you know, Police Officers<\/a>. Also we offer those discounts, yeah. So and sometimes connell [inaudible] let me is can you one more business ill ask you one more business question before i let you go, if you dont mind. Like i said, youve been around a few years. Business booming, youre able to give back but, you know, is this sustainable once we go back to, you know, whatever normal is . So, well, we feel that it will be only because we were around for quite only time, and we were doing okay. But a lot of people, like, i would say like 8090 of the people we speak to have said to us, weve never heard of you before. Like, where did you come from . Weve been in business four years, you know, where have you been . We really havent done a lot of advertising, but now, you know, with this exposure, i think that we may be able to sustain it. Connell i hope that you [inaudible] im sorry . Connell thanks so much for coming on. Oh, of course. Connell did you want to yeah. And, you know, youre doing good work and its nice to see somebody having some success these days. Yeah. Connell sign gypsies. Melissa. Thank you so much. Melissa millions of dollars worth of looted goods are now turning up on some major retail platforms. Well tell you how to figure out if the next item youre ordering online was stolen. Thats next. Want to brain better . Unlike ordinary memory supplements neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. Memory, focus, accuracy, learning, and concentration. Try neuriva for 30 days and see the difference. That way you capture the iloss for tax purposes and then sell some of the investments you own that are up in value, where theres a profit. The loss offsets the gain so that everything. Melissa online retailers are taking steps to crack down on the sale of goods that were looted from stores earlier this week. Gerri willis has the details on this. Unbelievable. What are they doing . Reporter its amazing. So these highend luxury goods, they were really the target, the highentarget of a lot of these looters out there. As you know, luxury good makers have long fought black market sales and theft. Makers of watches like rolex and multithousand dollar handbags, these serial numbers they emboss on the hard goods so that the numbers, so that the numbers can be handed over to police if theyre stolen. But many highend items successfully stolen anyway, and they will be sold online. The only question is where. The big names like am, ebay amazon, ebay, theyve long used algorithms to tip them off to stolen merch, posh mark uses real people, not coding. These sites actively work with Law Enforcement<\/a>. The real takes it a step further, we give Police Departments<\/a> full visibility into our inventory including serial numbers, photos and data and location of consignment. Even so, looters looking to make a profit have plenty of other options. Listen. Point the point or person to person transaction sites like marketplace, craigs list whering post the item where you can post the item virtually anonymously and sell it for cash in person with no other trace. Reporter in the meantime, as the consumer is on the lookout, here are some telltale signs that a listing might be something thats stolen. Inif the price is too low to mae sense, youre missing product details, the graphics look off, it doesnt look like what you expect, and if theres an unknown seller. And, of course, melissa, youtube, ive got to tell you you know, ive got to tell you, theres always selling it the old oldfashioned way, fe to face, right . Melissa yeah. So what is Law Enforcement<\/a> saying is different this time around . Well, so now at this point whats happening, less of the smash and grab, and now we have professional criminals out there that are doing the lifting, the stealing. And thats going to make it different because its going to extend the period of time that so many of these goods might appear on line. If youre a consumer out there, youre going to have to be on forward for a while. Melissa, back to you. Melissa wow. That is really incredible. I mean, its such insult to injury, and i know the places that i have seen in my neighborhood, you know, they hit the stores where they knew there was something there to to get. It wasnt just random, you know, smash and grab protesters, to speak, but they knew that there was something inside those specific stores. Gerri, thank you so much. And meanwhile, we will take you back to that banner day on wall street, connell, where we really saw stocks go through the roof, up almost 3,000 points. 1,000 points. Closing off session highs after we saw some really great jobs numbers, yeah . Connell that jobs report surprised just about everybody this morning, expecting to lose millions of jobs, instead adding millions of jobs. You get that kind of a positive surprise, your going to have a pretty good friday on wall street. So after being up 1,000 points, we will still take 829 on the dow because thats more than 3 . Talking about these company being stolen from, new yorks reopening, melissa, as you know on monday. Were going to be at a turn store in the bronx Furniture Store<\/a> in the bronx that was looted last week, so well see you from there on monday. Lou good evening, everybody. This is a hallelujah day. It is, in fact, the day that changes everything. The greatest economic comeback in American History<\/a> may have begun. How do i know that . Well, just take a look at the faces of the radical dems, so glum and passive when the rest of america was cheering the great news about jobs, about an economy in recovery expect market soared. Listen to socalled Economic Experts<\/a> who were so knowledgeably predicting todays unemployment report would show a tremendous loss of jobs, some even saying we","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia803205.us.archive.org\/10\/items\/FBC_20200605_200000_After_the_Bell\/FBC_20200605_200000_After_the_Bell.thumbs\/FBC_20200605_200000_After_the_Bell_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}