Mcshane. Didnt quite get there on the s p. Were live from joe bidens hometown. Scranton, pennsylvania. Ahead of the presumptive nominees speech tonight at the Democratic National convention. I spent a lot of the day speaking to owners and Business Leaders in the area. You will hear a lot of that throughout the hour. First the top stories. Fox Team Business could have with gerri willis keeping an eye on markets blake burman at the white house as usual gerri, we start with you. What a difference in the markets and what a difference the a day makes. They are shrugging off recovery concerns. The dow powering ahead. The dow on pace to snap a threeday losing streak. It did just that. S p up three of the last four sessions. Nasdaq was the star here. You remember back in march we were under 7,000 . Closing at 11,264 to be exact. Apple, guess what, they have the two trillion dollar crown. That is new market cap for apple. Shares hitting alltime high. Unbelievable at 2,012,000,000,000. Apple is the first u. S. Company to close above two trillion dollars. This is happening against a backdrop of jobless claims, coming back above one million. 1. 1 million. Not good news. Investors didnt care. As i go i want to explain one thing to you here, a big story everybody is reporting at this moment, uber and lyft which threatened to shut down operations in california. It is not happening anymore. An Appeals Court judge putting in place an emergency stay order which pauses a ruling that required ridehailing companies to classify their workers as guess what . Employees. So with that off the table, it looks like uber, lyft, they will be open for business over the weekend. Back to you. Connell fair enough, thank you, gerri. You may have heard this by now. Turns out the only ones not spending time around joe bidens hometown. President trump is campaigning in the area. And speaking at this hour, the current president taking aim, no surprise at the former Vice President. More on that as we get live to blake burman. Blake. Reporter look over your head for air force one we await a big speech by the democrat nominee joe biden. What did President Trump do today . He got out of white house, got on Board Air Force one and landed the plane in scranton, pennsylvania, the home town of joe biden. President campaigning in old forge, pennsylvania. He is drawing a distinction between his presidency and what you will hear tonight from joe biden. Watch. If you want jobs, you want a lot of police and you want a lack of crime, you know, if you take away new york, and chicago and some of these terrible cities you want law and order. You got to have law and order. You cant have what is happening in portland. Did you see the kid reporter different kind of legal matter that was a bit uncomfortable for the white house today as the president s former campaign head, the former chief strategist at one point over here at the white house steve bannon was charged by federal prosecutors in the Southern District much new york for wire fraud and money laundering. This involves 25 million that bannon and three others raised privately to build part of the border wall. President trump tried to distance himself from bannon. Saying he hasnt dealt with bannon in years. Saying he was sad to learn about the charges. Connell, back to you. Connell blake burman on the north lawn. Melissa. Melissa for more on the president s speech here is bill mcgurn from the wall street journal. He is also a fox news contributor. So what do you think of this strategy . There is a place, old forge pizza, pick up a few slices up for me. What do you think about the president making a speech. He says joe biden was not really from scranton. He was only here for a small period of time. He left and been in washington robbing you blind ever since. Im paraphrasing but i think it is good idea to go to scranton, its a swing state. Joe biden likes to associate himself with scranton, hardworking middle class, working class americans. I think a lot of those are swing voters. Also on the economy, it is interesting, that in one of the very few areas where donald trump is leading joe biden, it is on credibility on the economy. So i think it is good to go there but i would like it to be not just attacking joe biden, fair game, for all his spending and kind of crazy economic platform with all the crazy spending and stuff but just to talk to the forgotten americans. You know were always saying were in it together but a lot of men and women sitting at home because they cant get back to their jobs. You know, it is interesting to me watching the democrats talk with all of these small businessmen who are struggling during covid. Well a lot of them are struggling because theyre in democratic states that kept them closed down. I think that is a contrast the president needs to make, that im the guy who will get the economy up and running. Im not the guy who wants to keep everything locked down. There are intelligent ways to get the economy moving again and open up businesses that would mean a lot for the people who are not working. We always hear were all in this together. Melissa, were not in it together. Im sitting here at home. I draw my paycheck. I count myself blessed to have a job that can do that. You go on our main street in my town in new jersey, a lot of people really suffering from the Small Businesses being shut down or forced to operate at 25 capacity. Melissa no, youre so right and it would be such an obvious point to hit because while theyre hitting him on youre getting hurt because this pandemic went out of control and he didnt have a plan, you know, youre right, i was talking to a Business Owner 30 minutes ago who said, you know, they cant fight their way through the regulation that is being put in front of them now. You can reopen but at 25 and you need this inspection. Theyre saying nobody is equipped to do that. Hit hard on the message, im for Smart Business and safety but regulation by people who have never earned an honest dollar or done a payroll or been in business doesnt make any sense. That would be a very strong point. Hopefully he will hit it next week. Along those lines, let me ask you while youre here. New york city teachers are now threatening to strike or bring legal action unless the school district, which is the largest in the u. S. Implements very rigorous testing plan. They want every student and every teacher and every person on the campus tested before it reopens which all of the experts have said is impossible. That you cant test every single kid and everybody, you do it once, what is that worth . You would be exposed the next few days. What is interesting about the fight, you have bill de blasio sitting there fighting with the union and it is funny to watch him getting crushed from his left which is almost impossible to do. Right. Melissa but, what do you make of this fight . When do you think is going to happen . Well, melissa, i think you nailed it before. Even bill de blasio is calling this for what it is. It is a threat. De blasio said we care more about kids and parents as these games. This is a game. Covid has exposed the real priorities of the teachers unions which are themselves and not you know, the children theyre supposed to serve. Look at the other demands some of these unions. Not just in new york, making defund the police and so forth. Theyre designed to be impossible demands for the authorities to meet and keep them closed. Note only do they want to be closed, they want to keep other schools, like Catholic Schools from reopening because they cant afford to be shown up, right . I think one of the most distressing things as an american is to watch, i applaud schools trying to reopen, trying to put into place not like theyre ignoring guidelines. Theyre trying to work within the cdc guidelines and have a safe environment. We should be rooting for them to succeed right . I just feel there are a lot of people that dont want them to succeed because then it would highlight what theyre doing. Melissa yeah. So one of the smartest things that i heard a bunch times over the past couple days whether from restaurants or Business Owners, salon owners, people at schools, you have to give people a reason to come back to these cities. Right. Melissa new york is one where people have gone away for the summer. They have been away since march. They were coming back for the opening of school but now for those private schools, some of them that arent opening, those are rich people who will stay in the hamptons, stay in florida. They have enrolled in other schools. They have eventually let the schools here know yet. You have to give people a reason to come back. If you dont, the knockon effect of that, well have restaurants out of business. These teachers who are on strike, they will not have a job because the schools, there wont be as many schools because not as many people here. Right. How do you drive home that point, keeping things shut down, youre driving away the rich people and my heart really hurts and im concerned for the people left behind who cant afford to leave . There wont jobs . What happens . It is not just rich people. It is middle class people and so forth. Like a lot of people im working from home in new jersey. I realize i dont have to be in manhattan to do my job. Even to appear on fox, right . Melissa right. Then you might think, gee, why do i have to be in new jersey . Maybe i could be in that or texas or some other low tax, notax state. That is going to have huge implications for revenue. I think one of the answers to what youre saying, youre so right, were not considering these people that dont have alternatives, right . That is one of the reasons the republicans for example, the aid bill was trying to tie the aid to the parents so the parents could choose, you know some other alternative to the children rather than give it to the Public School institution. Give it to the parent who might say, im going to try to private school, this pa Parochial School in class. I hear all stories people moving this way. They should be, if the purpose of education is to educate children and not support the teachers unions, there is no reason we shouldnt, we shouldnt redesign the system to improve flexibility and opportunity. Melissa no. It is really true. A lot of Catholic Schools taken advantage of that. They decided to open. They have gotten more students that way. They have been aggressive opening. When teachers listen to the unions, dont go back to work, it is not safe, you will get paid if you dont go. What they are not telling them you will end up losing your job. What will you do . Can you afford to move to a new community where schools ostensibly are open . Bill mcgurn, you are so brilliant. Connell, over to you. Thanks, melissa. Connell look at tesla. Weve been watching this company topping 2000 share now. First time weve seen it, 2000 a share for elon musks company. The recent gains kicking off announcing a five for one split last week. Not for long. Up 120 bucks, 2,000 a share. Back to where we are, scranton, pennsylvania, joe bidens hometown. He is local guy some ways. Earlier we were outside his childhood home. He left scranton for delaware when he was 11 years old. Talking to voters, as the sign says scranton loves joe. We fund some of that. We also found it might be close to this area. President trump has plenty of support around here as well. Who are you for. Im things forebiden. Things got to change. He is compassionate person. And has the experience, knows how to run the government. Semiretired. Concerned about my Social Security and my health insurance. Connell who are you going to support . Trump. Because i think he has done a good job. I think hes fought against every person who didnt like him. He is a businessman. The United States has needed a businessman to run the country for years. Connell who are you for . For biden. Connell tell us why . Why. Because i think he is better guy trump as far as im concerned. I. [inaudible] connell what are you looking at in. Look at both candidates. I have 401 k . Stock options how it will make a difference for me. Connell you done pretty well untrump . Very well. Connell make it likely you know. Joe biden is a local guy. Connell so youre for biden. Tell us why . Well i think we need change. Im not a trump fan. Although you know he is a good businessman but no, i dont think he is a good person. I think we need someone who is going to care about the American People and try to fix things, try to reunite us. Connell the pulse of the people i guess. More to come from here in lackawanna county. This county was huge democratic area for years. Barack obama eight years won by 27 points. Hillary clinton only by three. President trump hopes to build on that strength running against joe biden. Well continue the coverage talking to the general manager of lockheed martins nearby plant about that. The jobs market amidst the opinion pandemic. That is coming up next. Melissa. Melissa escalating tensions on the world stage. Irans latest hightech threat. How the u. S. Is responding to protect our national security. Stick around for that. 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. vo safe elevate your senses. The audi a6. Get exceptional offers at your local audi dealer. Always have been. And always will be. Never letting anything get in my way. Not the doubts, distractions, or voice in my head. And certainly not arthritis. New voltaren provides powerful arthritis pain relief to help me keep moving. And it can help you too. Feel the joy of movement with voltaren. Come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. Weve just been finding a way to keep on pushing. We do things differently and aother money managers, dont understand why. Because our way works great for us but not for your clients. Thats why were a fiduciary, obligated to put clients first. So, what do you provide . Cookie cutter portfolios . Nope. We tailor portfolios to our clients needs. But you do sell investments that earn you high commissions, right . We dont have those. So, whats in it for you . Our fees are structured so we do better when our clients do better. At Fisher Investments were clearly different. Melissa fox business alert, former trump advisor steve bannon entering a not guilty plea after being indicted on charges of defrauding donors in an Online Fundraising scheme, we build the wall. Trump feels badly for bannon but hasnt been dealing with him for a long period of time and the president denied knowing anything about the project. Saying he never approved of it. It is knot appropriate for private people to be building walls. Connell. Connell big time manufacturing in the northeastern part of pennsylvania where we are today. I was talking with paul cavalleri, general manager of lockheed martin. They have a plant very close to where we are just outside of scranton. We talked about how large a Aerospace Defense company like lockheed fared during this time. It is not surprising you cant exactly manufacture missiles or Aerospace Equipment from home successfully. Weve been very successful conducting business. The team is dedicated the focused on meeting customer commitments. Connell how many are here in person . 75 are still on site of our total population. Connell because you have to do it that way. They have to be here, right. So the core of our business is manufacturing. So 75 of those folks are still on site working diligently on our customers needs. Connell who can you have working remotely . What types of workers are able to do that . Finance functions. Other functions in support of the business. Hr, some of the contracts personnel. Some of the admin folks. By and large very successful in performing our work with those folks being remote and you know, again 75 still onsite. Connell weve been traveling around the country this week for the first time in a while. We havent been able to get a pulse trying to people dealing with this. What is it like around here . Local Community Coming back. What is the economy like in the scranton area would you say . So my observation it is coming back, right . It is obvious more people are on the street. Traffic is up. Stores are open. Outside dining, right. So it is feeling more normal. Connell right. But obvious signs of masks, distancing. We spoke still someone offers their hand to you. Connell its strange, right . Its strange. Right getting accustomed to that in the work place. We have to get around that. I say by and large things are coming back. Connell for you guys here at this plant did you have to cut jobs when all this started in . Have you laid people off . Did you bring them back . How has that worked itself out . As a corporation we had a goal hiring 12,000 people. Connell no cutting back at all. We are hiring. Backfills from the retirements. Demographics are retirees too. We have done growth here. Weve done hiring. Connell where is the growth coming from . Is it coming from government contracts . Yes. Connell so there is still a lot of demand in the Defense Space . There is still a lot of demand on the government side . Significant demand. Growth in the contracts were performing and work were performing. So it means hiring, conducting interviews remotely. Bringing people on. Interesting their first days on the job were virtual. Get to know people by their voice not their face. Connell that is weird doing an interview, right . Someone helping to run a facility like this, what has that been like . Early feedback it was difficult, having facetoface contact is so critical hiring someone. Understand really kind of their you know connell paul was, paul was actually telling me they have a local Technical School in this area has been able to train new employees sufficiently, despite the fact they have to to start their jobs remotely. The new policy, if you can work from home you wil