Melissa francis. Hey, connell. Connell im connell mcshane. Hey, melissa, we start instead of focusing on markets and wall street and with blake burman as we come out of that announcement at the white house. He is there live and, you know, it was interesting, blake, because the president was asked right off the bat as we were joining it whether he misled the public and essentially he said yes, i did but it was, as melissa points out in his view to prevent panic. Take it from there. Reporter 18 different interviews President Trump gave on the record taped to bob woodward. Absolutely no dispute what was said on the tapes. President said it. Some have been published. Well get to see and hear potentially more of it in coming days as Bob Woodwards book is soon to be released. In one of those interviews on march 19th, is talking to bob woodward about the preeminent issue of that issue at that time, covid19 and everything going on then. The president in that interview acknowledged he was purposely downplaying covid19 threat. Listen here to part of that interview where all of these questions arise. Listen. President trump i think, bob really to be honest with you sure i want you to be. President trump i wanted to always play it down. I still like playing it down because i dont want to create a panic. Reporter at that point there were 265 deaths in the United States from covid19 on march 19th. More than 12,000 cases as well. The stock market you probably remember that moment in time had dropped precipitously would eventually hit 2020 lows just a few days later. That was the backdrop, melissa and connell of that interview between President Trump and bob woodward he said he always wanted to play it down. Fast forward to today, what you just saw, President Trump in the east room, giving completely separate announcement but the question of the day being how can you be trusted Going Forward on covid19, and why were you saying you were playing it down. We heard from President Trump he said he wanted to instill confidence, that you cant panic. There was a twofold defense from the white house earlier today, from the press secretary kayleigh mcenany. The said the president never lied to the American People and he wanted to project calm which is exactly what we heard from the president there and part of his defense. We also heard from his opponent in the president ial race, 54 days from now, joe biden, who was in the state of michigan today and topped his remarks there, he was supposed to speak about the Auto Industry and economy as he did but topped his remarks with reaction to what the president said. Joe biden saying at one point today, he said, quote, of the president , he knew how much more deadly it was than the flu. He knew and he purposely downplayed it. Worse he lied to the American People. Knowingly and willingly lied about the threat it posed to our country for months. He had the information, he knew. Two very different tales as joe biden went on to say the recession was caused by the president s response. This woodward book released in the coming days will be a focus here in washington. As the president says, calm needs to be projected and interviews and those tapes will certainly resonate as well. Back to you. Connell blake burman on the north lawn of the white house with the breaking story out of washington today. Back to wall street now, where after threeday plunge, in the markets, we had a big bounceback. A market rally, jackie deangelis. That is something wee havent been used to the last few days. Reporter it has been a rough little stretch. Certainly investors getting back in the game, connell. We saw the dow up 439 points and it was tech stocks and nasdaq there with that 293point gain, snapping this threeday losing streak that had folks excited. I did want to mention that apples market cap back over the two trillion dollar mark. It seems like we had a little bit of a selloff. Maybe technical selling, profittaking. Investors back into the game. It was a riskon day on wall street. Oil prices are up a little bit. Everything was moving in lockstep. Part of this has to do with reopening still and some of the positive buzz about treatments and possibilities for vaccines. Wall street was very optimistic about that, but really this is a market where people were buying the dip. They saw opportunity. They got back in there. I want to finish on this note, theres with a little bit back and forth. Take a look at tesla stock which has been hit pretty hard the last couple days but there was back and forth on twitter between elon musk and robert reich. He was clinton era labor secretary, musk, you had pay cuts earlier in the year. We were robbing from the employees while your stock price was going up. Called him a modern day robber baron. Musk said employees got stock too. The stock has tripled since the april pay cuts took effect, guys. Connell jackie deangelis. Jonathan hoenig founding capitalist Pig Hedge Fund member and joins us. We have a selling out of tech. We get somewhat predictable bounce out of that. Where are we do you think . Connell, all tech all the time. Tech led on the way down these last couple days as jackie mentioned, it really led almost exclusively on the rebound. All the big names we followed for months, amazon, apple, netflix, tesla, those are big moves. Keep in mind, those are still stocks that make up the major averages. Im a little concerned though, connell, because im looking at breadth of the market. The shortterm breath, onemonth, threemonth breadth is negative. 52week lows on that level, short term on than 52week highs. We have long term questions. The valuation. Concentration, some buyers there, especially cataclysmic calls from market experts that the end is near. A lot of investors it is still all about potential putting pandemic behind us. A lot of uncertainty facing tech investors and the market writ large. Connell the question, whether the big rotation, especially for people who missed the rally was a chance for them to get back in when we had rotation out of technology, especially last three sessions but seems to me youre making the case there might be more of this to come on the downside. Technology has been a he had lear. Were starting to see some stocks. Caterpillar is not exactly a hightech fancy name. It isnt an industrial, that was at new 52week high today. Weve seen a lot of retailers in recent weeks stand up. Connell, hitting the nail on the head. What you want to in a healthy market is rotation. If tech isnt going to lead the market higher, some other major sector is. That is what all eyes are peeled on in terms of right now. What if anything will lead the market higher. Connell well take it for what it is worth today. Best day for the nasdaq since april after entering correction territory. Jonathan, thank you. Melissa. Melissa joe biden slamming President Trump in the battleground state of michigan. Listen. As trump delivered on stopping companies from shipping jobs overseas, american jobs . You already know the answer. Of course not. The rate of offshoring by federal contractors, they are people that get federal dollars, Big Companies being paid by u. S. Taxpayers, has doubled, doubled under trump. Melissa the democratic nominee discussing his economic plan made in america which includes penalizing companies that take jobs overseas. Here now to discuss is mike huckabee, former arkansas governor. He is also a fox news contributor. And the author of the new book, three cs that made america great, christianity, capitalism and the constitution. Governor, thanks so much for joining us. This strikes me as a very bizarre attack on the president because this has been one of the things, that against a lot of the advice of a lot of economic advisors, that he has made number one, this idea of penalizing companies if they do have jobs overseas and giving them incentives to bring them back, emphasizing made in america when you know, traditional economists especially on the right think that open borders and free trade leads to best thing for consumers even though you may lose jobs. Why would joe biden take this tack . Melissa, it has been the most bizarre thing. I was watching the speech and i had to take a second look to make sure that was joe bidens. Joe biden has a long history of the plagarizing other peoples speeches but he was plagarizing Donald Trumps accomplishments. Donald trump campaigned on, delivered on bringing job, manufacturing jobs back to america. He has delivered on that. He renegotiated the trade deals, not only nafta to the usmca but he pushed back hard on china, to the point, it was shaky for a lot of people, they were thinking, gee we got this great market in china. But the president is right, he is first to stand up under obamabiden, let me be very fair, melissa. They didnt do it by themselves, the republicans were there shoulder to shoulder with them, making deals for multinational, big corporations so they got rich but a lot of jobs werent away. The president has worked to bring those back. He has done it. One of the reasons that some people in the establishingment of washington hate donald trump is because he has messed up their lovely little game that they got rich with and, yet it was making a lot of americans poor. So im just astonished, i dont know who wrote the speech for joe biden but their lack of selfawareness is stunning. So there has been a lot it is not unusual for politicians to say, forgive me, i know youre a reformed politician, recovered im recovering, yes. Melissa it is not unusual, recovering, to have people say things that arent true on the campaign trail but if you listen to this and then you listen to you know joe biden talks about President Trumps rich friends have done better while workers, he doesnt care about workers, workers have been hurt when if you look at the actual math of it, you know a lot of people at the top end are paying more taxes than ever before unfortunately i would have to say and our, and you have a lot of, you know, the Median Income has risen, the divide in wages between the top end and the lower end has closed where under obamabiden it widened. It kept expanding. Median income fell. Wealth at the top grew. So once again in another setting saying exactly the opposite of what the math and the facts are. Do people that he is talking to believe him and not go check, sort of the data . They do, right . I think melissa, some folks will wonder is joe biden saying to them who are you going to believe, you or your lying eyes . American workers got 2,000dollars benefits in the middle class because of the president s tax cuts, which were geared toward people at the bottom of the economy, not the top. It defies all good sensibilities that joe biden would come out there and Say Something that is patently untrue. I dont know that he knows it is untrue. I doubt that he is aware of that, but somebody wrote that for him, stuck it in the teleprompter and he read it but it just isnt so. Under donald trump people in the Manufacturing Base did better. Women did better. Hispanics did better. Africanamericans did better, not just in jobs but in the wages that they got paid for the first time in 40 years, middle class wages actually rose. And that 2000 for the people in that working class group, that is a big amount of money for folks and they know it happened. They know they got it. I just again am astonished but i think the democrats philosophy if we keep telling americans something that we know it is not true, we tell them enough, we know the media will be telling them the same thing because theyre on joes side, maybe folks will believe it all the way to election day. I hope not. Melissa we will see. Mike huckabee, thank you for joining us. Connell. Connell all right, melissa, Small Businesses trying to fight back. New york city restaurants, getting the green light finally to resume some Indoor Dining that will happen at the end of the month. There is a long list of restrictions added to this. Well go through them, we have a major player in the industry coming up next. Fleeing regions in turmoil. Well ask david asman about his prescription for big cities under pressure. Drivethrus, drive h in sales. How restaurants driving business with more people at the wheel. R. Thats why Liberty Mutual customizes your car insurance, so you only pay for what you need. What . Oh, i said. Uh, this is my floor. Nooo only pay for what you need. Liberty. Liberty. Liberty. Liberty. Connell it has been a hardfought battle and new York Governor Andrew Cuomo today announced restrictions in the city can, are finally being taken off restaurants and they can resume Indoor Service at 25 capacity. That will start september 30th. Were joined by willie, uncle jacks meat house ceo. Funny, willie, we had you on couple times. We were focused more last time on your georgia restaurant. You have three in new york city. End of the month, Indoor Dining comes back at only 25 capacity. Your reaction . Well it is better late than never. 25 along with the outdoor street and cafe, if they let us use that, all the way to at least it gets cold, well put heaters out there. He said something about maybe november if everything goes well, 50 . I will take anything right now. Im sure it is too late, probably two months too late for a lot of Small Businesses. I know me, ive been leveraging, borrowing, doing Everything Possible to stay and keep my doors open. So it is something that was necessary and i believe the public and the pressure of these lawsuits is whats really changed their mind. Connell yeah. Weve talked about that, especially the last couple days, the lawsuit, as you say the pressure that was on the mayor and the governor. How does the math work for you . Right now you have outdoor. So maybe youve added a little more than you had in the past, correct me if im wrong on the outdoor side, now only can do 25 indeer. How does the math work, when you break even, make a profit . Take a small restaurant like bayside, you will employ say, 10 to 12 people run the restaurant outside and inside. If i get 18 to 20 people inside based on a c of o, the story of my c of o is 125 people. I get 25 , have outdoor cafe there, no matter what i see it as a positive thing. It helps tremendously. Now my westside store in manhattan has been closed because there is nowhere for an outdoor cafe. The city has been a ghost town. Jacob javits, Madison Square garden, hudson yard is grossly affected by this. Besides the covid and Everything Else that happened in manhattan. So i dont know if im going to reopen that store yet. I dont know if we can afford to be open. Connell yeah. Thats interesting, for people that dont live in new york, bayside, astoria, borough of queens, still in new york city. That is a little different than manhattan. Maybe more residential, especially with people having left manhattan because of covid. Take me currently through the thinking on westside of manhattan restaurant. You said you are watching it for a while or are not sure . What are you thinking about it . I have bodies in the city visiting in the city, were constantly checking on it, communicating with the Building Management and we did open after covid and right after some of the, everybody had to board up and you had all the riots in manhattan and the business was no more than 1000 a day. It costs me 1000 a day in rent just to open there. So then with the labor, insurance, there is so much that go into the restaurant Business People dont understand. So we shut down quick. So we didnt waste our funding. Now were going to look at it again. Were going to open up bayside. Were going to open up astoria in queens, evaluate it inside. Were doing okay outside. Were making ends meet. So if this can get us some more revenue and control the staff and the costs maybe well start making some positive, profits for the first time. Westside, much more expensive rent. Much bigger store. Based on what . Based on traffic driven from corporate, working infrastructure, travelers tourists, events, what happens with the garden what happens at jacob javits. That is all a huge whatif right now. Connell that makes sense. It is interesting to hear you go through it, youre right a lot of people dont understand the ins and outs of all this. One final thing, more broadly, we flashed some of the statistics across the screen, new survey came out on Small Business owners particular. It basically said theyre losing confidence in their ability to survive. Goldman sachs did this. It was in axios this morning. If you dont get more money from the government, a third, 30 says they will run out of money by the end of the year. 2 3 of the owners said well survive. That is the lowest since april. From yourself, people youre talking to, what would you say about the timing of all this, and how long it dragged on for . I feel it was two months behind. I feel the citys leadership, the way mayor talks, the governor talked about this whole situation theyre not in tune to what it takes to run a business and employ people and pay for them with money out of your own pocket, right . Its a big difference working Civil Servant position where youre voted in and you can raise taxes, parking tickets and think the money is coming from pa look canville. It is not from a Small Businessman. You have to beg, borrow, steal. You have to make ends meet to keep people implied so they can feed their families. Connell willie, all the best to you. Well check back. Well check back on the manhattan restaurant to see what you guys decide. Willie degel, uncle jacks meat house. Melissa, over to you. Melissa he is amazing, pure genius, i love him. Air travel sitting a nearly sixmonth high. Tsa reporting more than 950,000 passengers went through screenings on both friday and monday of Labor Day Weekend this is the highest total since march, bu