Transcripts For FBC After The Bell 20240712 : comparemela.co

Washington. Actually did we lose ashley as i was telling him to wake up. He was telling us about the markets being up for the day. It was quite a finish. Very funny moment. With the dow ending up by 558 points on the day. Were up throughout and we really had a strong move into the finish. As liz claman was talking about it, it didnt necessarily happen on news but happened nonetheless. Back to ashley we hope in a moment. Blake burman in the white house waiting for that News Conference from President Trump i believe at the top of the next hour. I hope youre there, blake. Reporter youre a baseball fan. Call in the righty if ashley cant go. If youre anticipating President Trump right now, within the next hour this, is impromptu announcement the white house said this afternoon saying president will speak from the rose garden at the top of the next hour. The white house not exactly saying what this is about though i am told from a source that the president will be speak about china. Elsewhere within the administration, weve also kept our eyes on Vice President mike pence as he made the rounds in louisiana. Perhaps there is no issue more important, front and center over the white house for the last week or so, trying to get the point out they believe schools across the country should open on time and in full capacity. That took the Vice President to the campus of lsu. As youre looking live. Here was the Vice President from earlier today. As director of cdc said not long ago, we dont want federal guidance to be a reason why schools dont reopen. Reporter there was a bit of a reversal though, melissa and connell, from the Trump Administration within the last hour here. You remember the administration was trying to put a policy in place that International Students on College Campuses only taking online classes would either have to transfer to another school to take classes in person or potentially leave the country all together. However there was a lawsuit that was brought by harvard and mit. And the administration is now backing off this stance. A win for harvard, mit and those International Students. Back over here at the white house, next hour or so President Trump we believe to talk about china. Back to you. Connell watching that very closely, blake, thank you, sir. Melissa . Melissa all right. Getting back to work. The white house releasing a new ad Campaign Today spearheaded by ivanka trump called, find something new. An effort to encourage and assist the millions of laid off american workers. I know what youre thinking. I need a job. Well, ive been there. Ive been there. But you got to keep going. You need the right skills. Find an apprenticeship. You will find something new. You will find something new. Melissa here is James Freeman who i missed so much from the wall street journal. Thanks, melissa. Melissa im so glad youre back. I know you were working on a big book. Im so glad to have you back with us on the show because you are always a explosion of common sense which i love. I love this ad campaign. Thanks. Melissa because i think it is true that there are a lot of people who need to retrain and find something new to do. That said, oh, my goodness, what a daunting task. Youre already out of work. People are saying, guess what . You have got to retrain and find Something Else. Im wondering, do you think its possible and do you think that, i know ivanka trump has been working through this whole entire administration to try to figure out we train the workforce of the future. Have we made any strides in that . Well, this could be helpful. I think as we saw in the first few years of the Trump Administration the best jobs program is low taxes, low regulation. That is working. We have a lot of politicians other than donald trump restraining Economic Activity with lockdowns. So i do think people have to get creative. What the white house did, they have looked at the history. The federal government operates 47 job training programs. Of. Spends about 19 billion a year. A lot of them they dont even measure the results. Ones they do theyre not very good. We have seen some positive effects is on the job search side, giving people resources. What she is doing here putting information out, the ad campaign is paid for generally by the people of the private sector. This is not another big expensive federal program. As you said this is a tough time for people to get creative to figure out how to despite these lockdown restrictions they can find a job. Melissa you know i mean it is interesting as you said because private companies have a huge stake in this. Ive seen it, for example in the kitchen and bath industry, they dont have skilled workers people that can work with their hands, plumbing, designers, people who can work with of course graphics. Theyre trying to partner with schools, grab kids in middle school, grab kids in high school, and train them. For older folks seems more about the gig economy. Maybe they dont have the courage to get trained on coding or something technical but as you look around at what people are doing around you, youre like, well, i could drive an uber. You know, i could do, there is a lot of gig work out there. Maybe is that another solution . Yeah. Some people in my household seem to have found a way to make money in the gig economy. So there is, there are opportunities there. I think it is a positive, that, the white house has looked to private companies, to figure out where the jobs are. A lot of times the government creates these programs without having the real sense of what the economy actually needs. I think, apprenticeships are one area you alluded to. There are opportunities and some of the Government Programs have been modestly helpful but, i think this is a time for everyone. Obviously with the cancel culture in our industry there is, people could be looking for new jobs at any moment. With shutdowns people are thinking about that nationwide. So, i think it is, obviously very timely but, i think, ivanka, her father, everyone at the white house understands that the Real Jobs Program is reopening the economy. Part of that is theyre obviously, were talking about how they want to get schools reopened. That is going to be most helpful in kind of bringing us back to where we were a year ago which is, historic levels of job openings. Melissa he mean the truth is, if were really honest, james, a lot of companies have realized through this they can do more with less. They can have some people work with home, from home, that maybe they dont need as many employees. Maybe they dont need as much of this and that, and that some people who think their job is going to be there when everything reopens, it is not going to be, even though their employ hears told them, maybe the employer had the best intentions in the beginning. So there are people at home who, you know, when they reply to the Unemployment Survey saying im unemployed, im going back to my job. Im thinking to myself, i hope youre right but theyre getting nervous. Yeah. Melissa it is called find something new. Org. That is the webside, for everybody watching this, findsomethingnew. Org. It portends to get information or at least get you thinking about what it is i could be doing. James, you know, there are people, once youre home, you start reflecting maybe you didnt love what you were doing before. Maybe you dont want to go back to that commute. Maybe you dont want to go back to that office. Maybe it is time for your own peace of mind and happiness to find something new. I dont know, your thoughts on that . Yeah. You have to be kind of entrepreneurial. It is hard sometimes, if youre doing a certain job, youre kind of used to being assigned tasks. So it is not always easy to take the initiative and think creatively about, youve been doing one thing, one of the other things you might be able to do. I think a lot of us probably will have to have these thoughts and, kind of explorations of our possibilities here because you mentioned, this is a huge issue for a lot of companies as they look at, when they come back to offices, if people have been working from home, a lot of businesses talking about how they believe they need to spread people out more at work which suggests either fewer people working in those offices or, a lot more commercial office space theyre going to have to buy. Well see. Maybe they can decide people can work from home. Maybe they do decide as you said in some cases businesses can do with less people. So i think it is always going to be challenging and this time particularly but i really think on the positive side, if weve got so many wonderful incentives right now in american terms of competitive Corporate Tax rate, a breather on regulation the last few years f we can just get a reopening, i think you are going to see a very robust recovery and there is no reason in the world if we are back melissa i hope so. Operating again without restrictions, people being sensible, washing hands, all of that, we really have a lot of reason to be optimistic there are going to be more jobs and more growth ahead if we allow it. Melissa i missed your positive spirit, James Freeman. Thank you so much. Connell, over to you. Thank you. Connell all right. Always good to hear from james and always good to hear from Ashley Webster as well. He joins us to talk about the markets. We tried to talk to you at the top of the show, ashley, im told you were speechless by the late rally on the stock market. Yes i was. I saw you and melissa on the screen at the same time. I couldnt say a word. The internet froze. I put more money in the machine, the meter. Now were good to go. Get back to the markets quickly if we can. What a lateday rally, techheavy nasdaq saw a lot of selling. Big Tech Companies made some gains. As the day went on, people said if it is going down, i will buy in. It was a broadbased rally, no doubt with the dow up 2 . I want to talk about quickly some dow winners. We saw money going into cyclical stocks for a while but caterpillar, up nearly 5 on the day. Not bad at all. Deutsche bank raising the price target to 168 bucks on caterpillar. That helped. Travelers with an update on Second Quarter guidance. Apparently investors like that. Exxon, chevron, the oil and gas patch had a good, stronger day with hopes demand picking up. Those two stocks gaining 3 . Home depot, good ol home depot, people looking around at home looking at things need to be fixed they go to home depot. That stock up 3 . I want to mention the banks. Earnings season kicking off. The banks, jpmorgan probably the best of the three that reported today. Pretty impressive. Trading revenue up 79 yearoveryear. Citigroup actually did better than expected. Wells fargo, not so much, 2. 4 billion loss. Revenue down 15 yearoveryear. You see goldman sachs, they will be reporting tomorrow. That stock moving higher before their secondquarter earnings. By the way, the three banks today that reported combined have put aside 28 billion for bad, sour loans. That is a little bit of a concern as stimulus may, stimulus may run out, how many of these loans going to go bad . The big banks certainly are putting a lot of money aside just in case. Very quickly, delta air lines, we know the airlines are struggling right now. It has been pretty rough. They posted a loss of 4. 43 a share. The revenue actually beat slightly expectations but delta says it will be more than two years, they believe, before demand gets back to where it was precovid19. They say Third Quarter capacity, 20 to 25 of what it was last year and the ceo he ed bastion d quote, demand is at a stall. Tough go for airlines, thats for sure. Guys, back to you. Connell crazy. All that said, we end up 550 points higher. Ashley good to see you. My pleasure. Melissa it i amazing. Taking aim at President Trump on the economy, Presumptive Democratic president ial nominee joe biden is unveiling a 2 trilliondollar clean energy and infrastructure plan. Fox newss steve doocy live in wilmington, delaware with the latest. Peter. Reporter melissa, joe biden didnt have to go far from home. His remarks were here in wilmington, delaware, along the christina river. The headline of that plan, he wants the u. S. Totally emissions free by 2050. He wants the power grid to be pollutionfree in 15 years, by 2035. Those two things, part of a plan that would cost 2 trillion. Were not just going to tinker around the edges. Were going to make historic invests. Reporter now, gop spokesman is warning of the high cost with this, quote, joe bidens economic and climate agenda shows he is beholden to leftwing idealogues not to American People, who face prospect of eliminated jobs and higher taxes under his plan. Bidens argument, republican policies championed by President Trump are backward looking and hurt Americans Health and he claims that the biden agenda will make million jobs and require buildings to be retrofitted and replaces humongous fleet of electric vehicles with electric cars. I did ask biden in event closed to public while he was walking away from the lecturn if he had anytime for a few questions but he just kept walking. Melissa. Melissa i woe never ignore you, peter doocy. Thank you. Connell i didnt hear. That i didnt know it was peter. Fox business alert, speaking of News Conferences, were waiting for one from President Trump at the top of the next hour. The president making new comments about china. He was interviewed by cbs news and in that interview he is not interested in talking to china about a second deal. He made the similar comments aboard air force one. Well bring you the president s remarks about china from the rose garden in that News Conference as soon as it begins. As coronavirus cases surge in areas across the country, top u. S. Health officials making a bold prediction on a timetable for a potential vaccine. Going to talk in a moment to the former health and Human Services secretary, tom price, about the state of play. Thats up next. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. announcer reliability is everything. So, if your networks down, youre down. Verizon knows your customers need to reach you seamlessly. Your team needs to work from different places across many devices. Plus, you want the security trusted by some of the Largest Companies in the world. And thats why you trust us. The most Reliable Network in america. Simon pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Melissa a race for a vaccine. Senior Administration Official confirming that there is a plan to start manufacturing a Coronavirus Vaccine by the end of the summer, to be available as early as the beginning of next year. Edward lawrence is in washington with the details. Edward . Reporter melissa, really four companies are sort of come out front in the eyes of the u. S. Government. 19 potential vaccines the u. S. Is investing in these four companies to help them so far. Now the four companies, senior Administration Official says, that they are putting money in is moderna, johnson johnson, novavax and astrazeneca which is actually med headquartered in the snide the kingdom. Johnson johnson by end of the july. President positive feeling about the vaccine for coronavirus by the end of the year. As the head of the cdc said we dont want federal guidance to be the reason why schools dont reopen. Reporter obviously talking about schools there but the Vice President very interested, saying that he is proud to report theyre moving forward aggressive with warp speed the development of a vaccine. Senior Administration Official says the u. S. Will actively manufacturing a vaccine by the end of the summer even though it will not be approved yet. Companies will gear up to start production if they feel confident in their product to be first on the market. The official says with help from the federal government production could begin in four to six weeks. China also investing heavily in a vaccine. Chinese military is already giving a doses of a vaccine developed by the Chinese Pharmaceutical Group to soldiers and employees traveling overseas. It is in phase three testing. It is experimental at this point. China expects factories online in early 2021, to have 100 million, to 200 million doses annually. The u. S. Is saying they could have 100 million doses by the end of this year. Melissa, the race is on. Melissa there you go, edward. Looking forward to that. Thank you. Connell. Connell lets talk melissa, about this with tom price, the former health and Human Services secretary in the early days of the Trump Administration and from what you just heard, four Companies Really working on it, rushing to the vaccine done, manufactured by late summer, how optimistic is it . How do you feel about it . Im optimistic about it because we always led in the area of science. The importance is the race itself. The News Conference<\/a> from President Trump<\/a> i believe at the top of the next hour. I hope youre there, blake. Reporter youre a baseball fan. Call in the righty if ashley cant go. If youre anticipating President Trump<\/a> right now, within the next hour this, is impromptu announcement the white house said this afternoon saying president will speak from the rose garden at the top of the next hour. The white house not exactly saying what this is about though i am told from a source that the president will be speak about china. Elsewhere within the administration, weve also kept our eyes on Vice President<\/a> mike pence as he made the rounds in louisiana. Perhaps there is no issue more important, front and center over the white house for the last week or so, trying to get the point out they believe schools across the country should open on time and in full capacity. That took the Vice President<\/a> to the campus of lsu. As youre looking live. Here was the Vice President<\/a> from earlier today. As director of cdc said not long ago, we dont want federal guidance to be a reason why schools dont reopen. Reporter there was a bit of a reversal though, melissa and connell, from the Trump Administration<\/a> within the last hour here. You remember the administration was trying to put a policy in place that International Students<\/a> on College Campuses<\/a> only taking online classes would either have to transfer to another school to take classes in person or potentially leave the country all together. However there was a lawsuit that was brought by harvard and mit. And the administration is now backing off this stance. A win for harvard, mit and those International Students<\/a>. Back over here at the white house, next hour or so President Trump<\/a> we believe to talk about china. Back to you. Connell watching that very closely, blake, thank you, sir. Melissa . Melissa all right. Getting back to work. The white house releasing a new ad Campaign Today<\/a> spearheaded by ivanka trump called, find something new. An effort to encourage and assist the millions of laid off american workers. I know what youre thinking. I need a job. Well, ive been there. Ive been there. But you got to keep going. You need the right skills. Find an apprenticeship. You will find something new. You will find something new. Melissa here is James Freeman<\/a> who i missed so much from the wall street journal. Thanks, melissa. Melissa im so glad youre back. I know you were working on a big book. Im so glad to have you back with us on the show because you are always a explosion of common sense which i love. I love this ad campaign. Thanks. Melissa because i think it is true that there are a lot of people who need to retrain and find something new to do. That said, oh, my goodness, what a daunting task. Youre already out of work. People are saying, guess what . You have got to retrain and find Something Else<\/a>. Im wondering, do you think its possible and do you think that, i know ivanka trump has been working through this whole entire administration to try to figure out we train the workforce of the future. Have we made any strides in that . Well, this could be helpful. I think as we saw in the first few years of the Trump Administration<\/a> the best jobs program is low taxes, low regulation. That is working. We have a lot of politicians other than donald trump restraining Economic Activity<\/a> with lockdowns. So i do think people have to get creative. What the white house did, they have looked at the history. The federal government operates 47 job training programs. Of. Spends about 19 billion a year. A lot of them they dont even measure the results. Ones they do theyre not very good. We have seen some positive effects is on the job search side, giving people resources. What she is doing here putting information out, the ad campaign is paid for generally by the people of the private sector. This is not another big expensive federal program. As you said this is a tough time for people to get creative to figure out how to despite these lockdown restrictions they can find a job. Melissa you know i mean it is interesting as you said because private companies have a huge stake in this. Ive seen it, for example in the kitchen and bath industry, they dont have skilled workers people that can work with their hands, plumbing, designers, people who can work with of course graphics. Theyre trying to partner with schools, grab kids in middle school, grab kids in high school, and train them. For older folks seems more about the gig economy. Maybe they dont have the courage to get trained on coding or something technical but as you look around at what people are doing around you, youre like, well, i could drive an uber. You know, i could do, there is a lot of gig work out there. Maybe is that another solution . Yeah. Some people in my household seem to have found a way to make money in the gig economy. So there is, there are opportunities there. I think it is a positive, that, the white house has looked to private companies, to figure out where the jobs are. A lot of times the government creates these programs without having the real sense of what the economy actually needs. I think, apprenticeships are one area you alluded to. There are opportunities and some of the Government Programs<\/a> have been modestly helpful but, i think this is a time for everyone. Obviously with the cancel culture in our industry there is, people could be looking for new jobs at any moment. With shutdowns people are thinking about that nationwide. So, i think it is, obviously very timely but, i think, ivanka, her father, everyone at the white house understands that the Real Jobs Program<\/a> is reopening the economy. Part of that is theyre obviously, were talking about how they want to get schools reopened. That is going to be most helpful in kind of bringing us back to where we were a year ago which is, historic levels of job openings. Melissa he mean the truth is, if were really honest, james, a lot of companies have realized through this they can do more with less. They can have some people work with home, from home, that maybe they dont need as many employees. Maybe they dont need as much of this and that, and that some people who think their job is going to be there when everything reopens, it is not going to be, even though their employ hears told them, maybe the employer had the best intentions in the beginning. So there are people at home who, you know, when they reply to the Unemployment Survey<\/a> saying im unemployed, im going back to my job. Im thinking to myself, i hope youre right but theyre getting nervous. Yeah. Melissa it is called find something new. Org. That is the webside, for everybody watching this, findsomethingnew. Org. It portends to get information or at least get you thinking about what it is i could be doing. James, you know, there are people, once youre home, you start reflecting maybe you didnt love what you were doing before. Maybe you dont want to go back to that commute. Maybe you dont want to go back to that office. Maybe it is time for your own peace of mind and happiness to find something new. I dont know, your thoughts on that . Yeah. You have to be kind of entrepreneurial. It is hard sometimes, if youre doing a certain job, youre kind of used to being assigned tasks. So it is not always easy to take the initiative and think creatively about, youve been doing one thing, one of the other things you might be able to do. I think a lot of us probably will have to have these thoughts and, kind of explorations of our possibilities here because you mentioned, this is a huge issue for a lot of companies as they look at, when they come back to offices, if people have been working from home, a lot of businesses talking about how they believe they need to spread people out more at work which suggests either fewer people working in those offices or, a lot more commercial office space theyre going to have to buy. Well see. Maybe they can decide people can work from home. Maybe they do decide as you said in some cases businesses can do with less people. So i think it is always going to be challenging and this time particularly but i really think on the positive side, if weve got so many wonderful incentives right now in american terms of competitive Corporate Tax<\/a> rate, a breather on regulation the last few years f we can just get a reopening, i think you are going to see a very robust recovery and there is no reason in the world if we are back melissa i hope so. Operating again without restrictions, people being sensible, washing hands, all of that, we really have a lot of reason to be optimistic there are going to be more jobs and more growth ahead if we allow it. Melissa i missed your positive spirit, James Freeman<\/a>. Thank you so much. Connell, over to you. Thank you. Connell all right. Always good to hear from james and always good to hear from Ashley Webster<\/a> as well. He joins us to talk about the markets. We tried to talk to you at the top of the show, ashley, im told you were speechless by the late rally on the stock market. Yes i was. I saw you and melissa on the screen at the same time. I couldnt say a word. The internet froze. I put more money in the machine, the meter. Now were good to go. Get back to the markets quickly if we can. What a lateday rally, techheavy nasdaq saw a lot of selling. Big Tech Companies<\/a> made some gains. As the day went on, people said if it is going down, i will buy in. It was a broadbased rally, no doubt with the dow up 2 . I want to talk about quickly some dow winners. We saw money going into cyclical stocks for a while but caterpillar, up nearly 5 on the day. Not bad at all. Deutsche bank raising the price target to 168 bucks on caterpillar. That helped. Travelers with an update on Second Quarter<\/a> guidance. Apparently investors like that. Exxon, chevron, the oil and gas patch had a good, stronger day with hopes demand picking up. Those two stocks gaining 3 . Home depot, good ol home depot, people looking around at home looking at things need to be fixed they go to home depot. That stock up 3 . I want to mention the banks. Earnings season kicking off. The banks, jpmorgan probably the best of the three that reported today. Pretty impressive. Trading revenue up 79 yearoveryear. Citigroup actually did better than expected. Wells fargo, not so much, 2. 4 billion loss. Revenue down 15 yearoveryear. You see goldman sachs, they will be reporting tomorrow. That stock moving higher before their secondquarter earnings. By the way, the three banks today that reported combined have put aside 28 billion for bad, sour loans. That is a little bit of a concern as stimulus may, stimulus may run out, how many of these loans going to go bad . The big banks certainly are putting a lot of money aside just in case. Very quickly, delta air lines, we know the airlines are struggling right now. It has been pretty rough. They posted a loss of 4. 43 a share. The revenue actually beat slightly expectations but delta says it will be more than two years, they believe, before demand gets back to where it was precovid19. They say Third Quarter<\/a> capacity, 20 to 25 of what it was last year and the ceo he ed bastion d quote, demand is at a stall. Tough go for airlines, thats for sure. Guys, back to you. Connell crazy. All that said, we end up 550 points higher. Ashley good to see you. My pleasure. Melissa it i amazing. Taking aim at President Trump<\/a> on the economy, Presumptive Democratic<\/a> president ial nominee joe biden is unveiling a 2 trilliondollar clean energy and infrastructure plan. Fox newss steve doocy live in wilmington, delaware with the latest. Peter. Reporter melissa, joe biden didnt have to go far from home. His remarks were here in wilmington, delaware, along the christina river. The headline of that plan, he wants the u. S. Totally emissions free by 2050. He wants the power grid to be pollutionfree in 15 years, by 2035. Those two things, part of a plan that would cost 2 trillion. Were not just going to tinker around the edges. Were going to make historic invests. Reporter now, gop spokesman is warning of the high cost with this, quote, joe bidens economic and climate agenda shows he is beholden to leftwing idealogues not to American People<\/a>, who face prospect of eliminated jobs and higher taxes under his plan. Bidens argument, republican policies championed by President Trump<\/a> are backward looking and hurt Americans Health<\/a> and he claims that the biden agenda will make million jobs and require buildings to be retrofitted and replaces humongous fleet of electric vehicles with electric cars. I did ask biden in event closed to public while he was walking away from the lecturn if he had anytime for a few questions but he just kept walking. Melissa. Melissa i woe never ignore you, peter doocy. Thank you. Connell i didnt hear. That i didnt know it was peter. Fox business alert, speaking of News Conference<\/a>s, were waiting for one from President Trump<\/a> at the top of the next hour. The president making new comments about china. He was interviewed by cbs news and in that interview he is not interested in talking to china about a second deal. He made the similar comments aboard air force one. Well bring you the president s remarks about china from the rose garden in that News Conference<\/a> as soon as it begins. As coronavirus cases surge in areas across the country, top u. S. Health officials making a bold prediction on a timetable for a potential vaccine. Going to talk in a moment to the former health and Human Services<\/a> secretary, tom price, about the state of play. Thats up next. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. announcer reliability is everything. So, if your networks down, youre down. Verizon knows your customers need to reach you seamlessly. Your team needs to work from different places across many devices. Plus, you want the security trusted by some of the Largest Companies<\/a> in the world. And thats why you trust us. The most Reliable Network<\/a> in america. Simon pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Melissa a race for a vaccine. Senior Administration Official<\/a> confirming that there is a plan to start manufacturing a Coronavirus Vaccine<\/a> by the end of the summer, to be available as early as the beginning of next year. Edward lawrence is in washington with the details. Edward . Reporter melissa, really four companies are sort of come out front in the eyes of the u. S. Government. 19 potential vaccines the u. S. Is investing in these four companies to help them so far. Now the four companies, senior Administration Official<\/a> says, that they are putting money in is moderna, johnson johnson, novavax and astrazeneca which is actually med headquartered in the snide the kingdom. Johnson johnson by end of the july. President positive feeling about the vaccine for coronavirus by the end of the year. As the head of the cdc said we dont want federal guidance to be the reason why schools dont reopen. Reporter obviously talking about schools there but the Vice President<\/a> very interested, saying that he is proud to report theyre moving forward aggressive with warp speed the development of a vaccine. Senior Administration Official<\/a> says the u. S. Will actively manufacturing a vaccine by the end of the summer even though it will not be approved yet. Companies will gear up to start production if they feel confident in their product to be first on the market. The official says with help from the federal government production could begin in four to six weeks. China also investing heavily in a vaccine. Chinese military is already giving a doses of a vaccine developed by the Chinese Pharmaceutical Group<\/a> to soldiers and employees traveling overseas. It is in phase three testing. It is experimental at this point. China expects factories online in early 2021, to have 100 million, to 200 million doses annually. The u. S. Is saying they could have 100 million doses by the end of this year. Melissa, the race is on. Melissa there you go, edward. Looking forward to that. Thank you. Connell. Connell lets talk melissa, about this with tom price, the former health and Human Services<\/a> secretary in the early days of the Trump Administration<\/a> and from what you just heard, four Companies Really<\/a> working on it, rushing to the vaccine done, manufactured by late summer, how optimistic is it . How do you feel about it . Im optimistic about it because we always led in the area of science. The importance is the race itself. The Companies Involved<\/a> vast majority have some sort of international collaboration. It is important that we get a vaccine as rapidly as possible. Remember this process usually takes years to develop. So well need multiple vaccines to address the worldwide demand. There are different types of vaccines. Some companies have better facility with, developing a certain type of vaccine than another. But, again we need to be certain this is effective. We also need to make certain it is absolutely safe. That the American People<\/a> can have confidence in taking that vaccine. Connell you mentioned the race with the vaccine itself. That brings up a point how we manage the time between now and then. Even if the most optimistic vaccine timetable comes to fruition, we still have multiple months to get through. Are we doing that effectively now when we see the numbers spiking in florida, texas, and other states . What would you say maybe about therapeutics . How do we get there . Clearly were not doing all that we can, otherwise we wouldnt see the numbers that were seeing. But the good news is, that it is within our capability to do so. So the kinds of comments people so well need to be instituted. Whether it is hand washing or social distancing or especially face coverings, masks out in an area where you cant socially distance, we do those kinds of things and newer therapies coming online and everything we learn. Were watching this new disease be evaluated and determined how to treat it and trying to develop therapeutics in vaccines in real time as a society. And that rarely, if ever happens. So we as a society are not used to these kind of fits and starts. It is important that the government assist. Theyre trying to do that but it is also important that they streamline the process and hopefully adopt some best practices they developed right now going forward. Connell you said at the beginning of your answer were not doing all we can. What would you say about the administration you were apart of, in terms of what could be done . Not necessarily mistakes made in the past or early in the pandemic but what could be done now more proactively . Wewe herd Administration Official<\/a>s, mostly off the record, attacking dr. Fauci . How is that helpful . Would Something Else<\/a> replace that would be more helpful. People, every individual in this country has it within its own capability to help. This is a societal problem, a societal challenge, and requires each person to address it in every way. That means doing responsible things as an individual. Whether doing hand washing that is necessary, face masks that are necessary, social distancing. Making certain if you feel ill, youre not going to work, that youre not going to crowded areas. That youre making certain that those individuals that are more vulnerable to developing the infection like elderly and other individuals with immune deficiencies, that those individuals are protected to a greater degree from somebody who may be asymptomatic carrier. They need to be extra cautious when theyre visiting. Connell maybe manage our way through and avoid another big economic shutdown before vaccines are available. Thank you. Connell tom price, thanks for coming on. Thanks, connell. Melissa Ghislaine Maxwell<\/a> is meeting her fate. Jeffrey epsteins associate in court for a bail hearing for the six criminal charges against her. Details on her arraignment next. Raising tensions with china. The move to ban huawei on the world stage motorcycle riders love the open road. 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Only preservision areds2 contains the exact nutrient formula recommended by the National Eye Institute<\/a> to help reduce the risk of moderate to advanced amd progression. Its how i see my life. Because its my vision. Preservision. Melissa Ghislaine Maxwell<\/a> pleading not guilty. A judge denying bail for the alleged accomplice of Jeffrey Epstein<\/a>. Maxwell will remain in custody until her trial, set for july of next year. Fox newss bryan llenas is at the metropolitan Detention Center<\/a> in brooklyn, new york, where markswell is being held. Bryan. Reporter melissa, thats right. Todays bail hearing and arraignment for Ghislaine Maxwell<\/a> taking place virtually from right here inside of the mdc federal Detention Center<\/a>. Ghislaine maxwell pleading not guilty to the federal charges where she allegedly groom and recruited young girls to be sexually abused by Jeffrey Epstein<\/a>. She believed gist lane maxwell is a significant flight risk. They cite the fact she is wealthy. 20 million in 15 accounts we know of. Three passports. The fact she is a citizen of france. France has a nonextra decision policy for its citizens there. Was legitimate concern if she were let go, she would find a way to france. The judge also noting that over the last year she has been good, quite frankly, at hiding, at concealing her identity, moving from location to location. The judge taking that into account, realizing that ultimately she believed Ghislaine Maxwell<\/a> needed to be locked up until her trial set for july 12th, 2021. The defense argued because of covid19 ghislaine shoulding let go, put ankle bracelet on her and allow her to spend her days outside of jail until her trial starts. Ghislaine maxwell said she would be willing to pay for an entire stay at luxury hotel in manhattan until her trial begins. Ultimately the judge not buying that. Two victims of epstein came and they spoke today, at least via video. One giving a statement, the other giving a statement through an attorney which they essentially said that Ghislaine Maxwell<\/a> is quote a sexual predator. Another woman said frankly without Ghislaine Maxwell<\/a> Jeffrey Epstein<\/a> could not have committed the crimes and abuses he did. Ultimately the judge siding with the prosecution. The big statement now, melissa, the big question, is whether or not they can keep her safe. Senator ben sasse released a statement saying this. Ghislaine maxwell, put her in padded room under constant 24 7 surveillance. I dont care if the attorney general himself has to take a shift sitting outside of her cell. Melissa. Melissa seriously. Bryan, thank you for that. Connell . Connell all right. Melissa, taking a run at jeep. Ford bringing back the bronco brand after 25 years. New lineup of offroad oriented models starting at just under 30,000. The automakers coo told foxnews. Com in front of editor gary gastelu, the interest in the new bronco is the highest company had with any new vehicle introduction, ever, ever. Topped the model t. How about that. Reservation for the First Edition<\/a> model are sold out. The bronco is back. Melissa. Melissa wow that is suber cool. Intensifying school debate. Extending video classes into the fall. Experts are warning about the resulting education gap for years to come. Plus were awaiting remarks from President Trump<\/a>. The president expected to hold a News Conference<\/a> in the rose garden. Well bring you straight to the white house as soon as it begins. A drink fit for a queen. Buckingham palace is now selling premium London Dry Gin<\/a> made with ingredients from the queens garden. The gin is available for 50 a bottle from the Royal Collection<\/a> shop but only for delivery in the united kingdom. Ah. Looks like they picked the wrong getaway driver. Theyre going to be paying for this for a long time. 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Connell so North Carolina<\/a> governor roy cooper today announced a hybrid plan for students to return to school, both in class and online instruction this fall. Moments ago, dr. Anthony fauci in new comments said the goal should be to get students back to school but it will depend on the regional impact from the virus. Dr. Fauci going on to warn the u. S. Should expect death tolls to rise but not to the levels seen earlier in the pandemic. More live from Jonathan Serrie<\/a> in atlanta. Reporter hi, connell. North Carolina Governor Roy Cooper<\/a> has announced for students going back to physical schools in the fall, they will have to wear masks whether theyre as young as kindergarteners or 12th graders. Social distancing will be implemented. What he envisions in reopening plan, is sort of a hybrid scenario. Here is what he said. Today we announced that North Carolina<\/a> schools will be open for both in person and Remote Learning<\/a> with key safety precautions to protect the health of our students, teachers, staff and families. Reporter the Los Angeles Unified School<\/a> district has decided to stick with online instruction as that citys positive test rate for coronavirus approaches 10 . That is twice the World Health Organization<\/a> as maximum safe threshold for communities to reopen. In neighboring orange county, california, the school board voted to recommend schools reopen in the fall without mandates for face coverings or social distancing. In detroit, protesters blocked school buses as that city begins summer class this is week. New york city plans to offer a hybrid of in person and Online Learning<\/a> in the fall. Four former cdc directors are criticizing the Trump Administration<\/a> for undermining federal Health Officials<\/a> recommendations on reopening schools and the economy. In a Washington Post<\/a> oped today, they write, these repeated efforts to subvert sound Public Health<\/a> guidelines introduce chaos and uncertainty while unnecessarily putting lives at risk. Connell, you may recall last week President Trump<\/a> tweeted that the cdcs guide dance for School Openings<\/a> was, quote, very tough and expensive. Connell, back to you. Connell all right. Jonathan, thanks. Jonathan serrie in atlanta. Melissa. Melissa so as you just heard it is backtoschool season like never before. The debate on reopening heating up as many experts fear a growing education gap in the u. S. Joining us now is francis queller. Director and founder of queller prep. Francis, you know this well. As a parent ive seen there is a big disparity in the damage being done to our children because there is no doubt that being home and learning remotely is harming everybody, because theyre not having the interaction with the teachers, theyre not getting the same education. It is different for those who have support, who have parents at home and those that we see in a lot of the new York City Public School<\/a> system where theyre not even logging in, theyre not even getting in contact with them. My concern having studied labor economics is that we are creating permanent damage. That were exaggerating the gap between rich and poor and were going to see the result of what were doing right now 20 years from now when we have a group of students who started out, you know, with difficulties, you know, with more hurdles than other kid. And have been damaged even more by this. What are your thought on that . Do you think that is accurate . It is accurate and were dealing with a very challenging, abnormal time in history. My recommendation, my advice is to really step into action and to start developing a methodology and a plan at home, rich or poor, with resources, without resources. We need to make sure we bridge the divide which inevitably going to happen with all the disparities in incomes. It is very unfortunate situation that were in, but we really have to get with our reality and reality is, that we need to meet the safety and work within the parameters of abilities that we have right now. Melissa so youre a very proactive person. Youre always at the head of the curve of whats going on. You have a great newsletter. I know one thing you were talking about this week was trying to get a coop together. The idea that, you and i are both working moms. You know were both going to have kids at home trying to learn from home and, you know, you have some good tips for parents who now are feeling completely overwhelmed, that they will be forced to do this again in the fall, when the kids go back to school. What are some of the tips specifically that youre telling parents . What were forming at keller prep, form a homeschool coop. There is opportunity now where students can come together, albeit digitally, learn in communities and study in communities. This is of the utmost importance. Were offering it here at our learning centers but outside of any physical classroom, the kids, the parents, must come together. It is no longer an option and it is no longer something that were trying, which we did from march of 2020. Right now were specifically referring to time being of the essence and forming a learning community. There is an opportunity where some student can entirely learn through home instruction and we must come together to form those groups. What were doing at keller is a group of parents and Students Learning<\/a> grade level subject areas that they need. Melissa the important thing is for parents to get information and get going right now, to understand the reality. There is live teaching going on in the expensive schools. In the public schools, theyre not doing it. Your suggestion, i mean you have a program but if people cant afford that, you can get together with other moms and try to get the kids together, learning together online. That at least, that is something for them. Francis, i wish we had more time. Thank you so much. Connell. Connell all right, melissa. One small step for the uk. A decision though by Boris Johnson<\/a> could have global repercussions. Were waiting for the president ial News Conference<\/a> to begin in the rose garden. Were told it will be coming live. Well have it when we come back. They get that no two people are alike and customize your Car Insurance<\/a> 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. 49i found you good job. Now im gonna stay here and you go hide. Watch your favorites from anywhere in the house with the Xfinity Stream<\/a> app. Free with your xfinity service. Now any room can be a tv room. Stream live tv, on demand shows and movies even your dvr recordings. Download the Xfinity Stream<\/a> app today to stream the entertainment you love. Xfinity. The future of awesome. 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<\/a> 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. Connell in a dramatic reversal the uk, placing a ban on Chinese Telecom<\/a> giant huawei from its 5g network. This after facing months of pressure from the white house to do so. Nile gardiner join us to talk about this, heritage foundation, Margaret Thatcher<\/a> center for freedom. Were being told the president will talk about china a few minutes but i want to address the uk issue. It is interesting to see the Boris Johnson<\/a> government reverse a january decision which would allow huawei to operate on limited basis. What led up to this . What do you make of it. Connell, this is a very Significant Development<\/a> in the united kingdom. Its a dramatic uturn by the British Government<\/a>, reversing a decision made back in january to allow huawei 35 stake in britains 5g network. Firstly, tremendous u. S. Opposition and pressure on the uk to reverse course here and also new sanctions have been brought in by the Commerce Department<\/a> a few weeks ago against huawei. Secondly i think that, there is a huge rebellion within parliament against huawei and launching of the conservative back benchers with the idea that huawei having a role in the uk 5g network. The government is listening to concerns about a certain party. I think china has done itself no favors with the poor reaction to the outbreak of the covid19 pandemic. Significantly against china since the beginning of the outbreak, not only in britain but across europe. All these factors combined together to create a perfect storm which forced the British Government<\/a> to do completely an about turn on its earlier policy with regard to huawei. I think this is abs slautly the right decision for British Government<\/a> to make now. Connell that point you made about the trouble that huawei has, or that china i should say has brought upon itself in the handling of covid, i i think youre right, that probably played into this. To your point, huawei does a lot of business, 24 of its sales came from europe so will other countries follow, i guess would be one question . The other question, if youre the uk are you afraid of backlash from china . I guess theyre willing to go forward with it. On the first question, this is a big gamechanger for the whole of europe because every government in europe is looking closely at the british response on huawei and already you have the chairman of of the bundes Foreign Relations<\/a> Germany Committee<\/a> saying germany should listen closely what the british are doing. I expect germany to push out huawei as they make the big decision. Practically every european government will give, certainly push huawei out of the door. So this is a huge gamechanger. Could be the beginning of the end for huaweis operations in europe. Hugely damaging of course to huawei and to its Chinese Communist<\/a> party overlords. Certainly in the Chinese Government<\/a> is already making threats against britain, against any european country that dares to kick out huawei. I think we have to take these threats very seriously. For example, the chinese could launch cyberattacks against the uk. So we have to be on our guard but we cannot allow ourselves to be bullied or intimidated by the Chinese Communist<\/a> government in beijing. This is a big defeat for beijing. They will suffer a lot more defeats in the coming months across europe. Connell big win for the Trump Administration<\/a> as well especially secretary of state mike pompeo. Nile gardiner, thank you. Melissa, well hear more about china we think in a few minutes . Melissa absolutely. We are waiting remarks from President Trump<\/a> in just a few moments. Fox business will bring you the president s comments as soon as they begin. Plus trying to push a new narrative. How the cruise industry is it trying to lure back its customers usaa is made for whats next were helping members catch up by spreading any missed usaa insurance payments over the next twelve months so they can keep more cash in your pockets for when it matters most find out more at usaa. Com its like walking into the Chocolate Factory<\/a> and you won a golden ticket. All of these are face masks. This looks like a bottle of vodka. But when we first got these, we were like whoa [laughing] my threeyearold, when we get a box delivered, screams mommys work mommys work. With this pandemic, safety is even more important to make sure we go home safe every single day. And a high risk for fracture, osteoporosis safety is even more important to make sure we go home now might not be the best time to ask yourself, are my bones strong . Life is full of make or break moments. Thats why its so important to help reduce your risk of fracture with prolia\u00ae. Only prolia\u00ae is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. Do not take prolia\u00ae if you have low blood calcium, are pregnant, are allergic to it, or take xgeva\u00ae. Serious allergic reactions like low blood pressure, trouble breathing, throat tightness, face, lip or tongue swelling, rash, itching or hives have happened. Tell your doctor about dental problems, as severe jaw bone problems may happen. Or new or unusual pain in your hip, groin, or thigh, as unusual thigh bone fractures have occurred. Speak to your doctor before stopping, skipping or delaying prolia\u00ae, as spine and other bone fractures have occurred. Prolia\u00ae can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. Are you ready . Ask your doctor about prolia\u00ae fda approved for 10 years. Is that if youre not wexpecting the shock,t and the markets fall dramatically, you might panic. And in the midst of that panic, you might sell and run to cash. At the very moment, you shouldnt. At the very moment prices. Melissa the cruise industry looking for ways to convince customers to set sail, but everyones not onboard. Jackie deangelis is live with the details. Reporter good afternoon, melissa. This is so interesting because you look at the industry, its been decimated by e the covid19 pandemic k. Weve got norwegian and royal caribbean, and theyre saying i think want to put a new they want to put a new task force together to make Cruise Travel<\/a> safer. Theyre actually saying that its safer than a lot of the other things that families can do right now with respect to their vacation time. Listen to this sound bite first, and then well talk about it. Cruise is the safest hospitality venue. It is the safest option. It is safer than getting into an uber, it is safer than staying in a hotel, it is safer than getting reporter and theyre saying its not just about the coronavirus, but its about pandemics that could potentially come down the line as well. Theyre looking at things like using ultraviolet rays, for example, to sanitize the facilities and the cause ship, and theyre also looking at ways to better prepare meals. Maybe those male r meals are save maybe those meals are is served individually. A lot to look forward to in the cruise industry. Theyre saying its safe. There are definitely skeptics out there. Melissa yeah. Yep, and im one of them. But, hey, there you go. Jackie, thank you so much for that. Connell and i thank you for watching. That does it lou good evening, everybody. Breaking news now from the white house, we are awaiting remarks from President Trump<\/a> who is expected to hold a News Conference<\/a> this hour. Were toll itll be in the rose garden, and we have every reason given those live pictures from the rose garden to believe that that will be the case this hour. The president is expected to be announcing new decisions about the u. S. Response to chinas takeover of hong kong. A reuters report saying he will sign the hong kong autonomy act, legislation passed last week that requires mandatory sanctions be imposed against businesses and individuals that","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia803205.us.archive.org\/5\/items\/FBC_20200714_200000_After_the_Bell\/FBC_20200714_200000_After_the_Bell.thumbs\/FBC_20200714_200000_After_the_Bell_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}