Transcripts For FBC Cavuto Coast To Coast 20240712

Hour, and we will also head to Wrigley Field as the return of baseball is expected to bring Big Television ratings on pentup demand for live sports Brian Kilmeade is joining us with that cant wait but first to our nations capitol and questions over getting backtoschool. New cdc guidelines seem to favor a full reopening, this as President Trump is acknowledging that some schools may have to delay opening their doors in the fall. Fox Business Correspondent ed lawrence on the debate over getting the doors back open. Edward . Reporter yeah, david, these new cdc guidelines designed to do just that open schools safely. Also what to do if a child tests positive inside that school. Now, in this it does mention or talk about how the importance of getting kids backtoschool and inPerson Instruction and how schools help developed the whole child. But ultimately the guidance is designed for individual districts to make that decision, and now President Donald Trump changing his tone on schools just a little. Listen. President trump families should be empowered to make the decision that is right for their own circumstance. This is especially important if a child has Underlying Health conditions or lives with a participant or grand parent whose at higher risk. In cities or states that are current hotspots. Reporter and still, he would like schools to reopen. Now in about three hours, the president is going to sign an executive order related to Prescription Drugs. In this executive order it directs agencies to find ways to reduce Prescription Drug prices. Now at the event well likely hear how the administration has been keeping more generic drugs on the market by allowing it or changing regulations, keeping those costs down and finally from the white house the president directed his campaign to cancel the Republican Convention scheduled for jacksonville, florida because the rise in cases there, dr. Fauci today agreeing with that decision. Listen. Its no secret around the white house how i and my fellow Task Force Members feel about the issue of congregating in crowds. I believe he and others in the white house have heard us speak about that, so i would hope that that maybe had some influence in the decision but i think it was a good decision. Reporter while the president wont have a traditional convention in jacksonville, the republicans like the democrats are going to go viral, as a way to celebrate their nominee for the presidency back to you. David we wont talk about dr. Faucis first pitch will we . We just wont even mention that. Reporter just a bit outside. David just a little bit outside edward thank you very much. Well, delayed over disagreements the senate gop stimulus plan now not coming out until next week, but that is not stopping critics from already hitting it for not going far enough to grow the economy, to former investment banker carol roth, and Capital Management president gary kaltbaum. Good to see you both, gary first to you because you are a deficit hawk among just about anything else but you dont think that we should be just settling on all the trillions that we spent so far. You think we should be spending more. That does seem to be going against your character type isnt it . Oh, yeah, correct. Look, there are moments in time, i believe, that one is war and i believe were in a war right here, and with the pandemic heading the wrong way, spending more is not about getting the economy moving better. Its about protecting the economy from heading south and the best example i can give is just right here in central florida, just central florida, were supposed to get 75 million visitors this year and obviously , thats way down. It supports a half million jobs and 75 billion Economic Activity were not near this , so so many people do not have jobs. Who knows how much they have in the bank, and what i think is needed is a bridge as long as this pandemic keeps going and again, i hate deficits, i hate debt, i hate too much government spending. I just think were in one of those moments in time. David but carol as if 1 trillion wasnt enough money, democrats want to spend three times a trillion in their bill. Do you think theyll get it . I think that they might get it, unfortunately, i mean the problem here is that more isnt more. You have to spend it more wisely i mean, we have spent at this point about 3 trillion and sometimes, these numbers are hard to put in perspective so let me do it for you. Back in 2001 the entire federal spending budget was 1. 9 trillion , so weve already spent 1. 5 times that and we havent done the thins that we needed to do. We didnt save small businesses. They were in afterthought in this whole thing and in fact it created unemployment incentives that made it harder for people to go back to work and what they havent done is created a safety net for these businesses so people will have the jobs to go back to. I mean this has been bundled at every step of the way, david and while i understand what gary is saying in terms of wanting more if its not structured appropriately, its just money out the window. David but you know the economy wont get back at all if parents are stuck home looking after their kids. I mean, you know, theres a lot of talk justifiable talk about the safety for not only the children but also for the teachers et cetera, but theres also the question of how closed schools will affect the economy, gary if we dont open those schools, i dont see this economy recovering, do you . No, look. I want schools open, but i also want kids safe so got to find that happy medium but leave no doubt we can just discuss the parents right off the get go and all these schools are closed , somebody has got to stay home. If nobody stays home weve got to hire somebody, thats a big big cost of family and then i have a list of 50 things that are bad if we dont get schools open, but that for me is a big start. David and carol, there are legitimate concerns about health but on the other hand, there are three times the number of children who die from the flu each year that are dying now from covid. That is kids under 15. Isnt that an acceptable risk at least for opening up Elementary Schools. Here is what im going to say david and i think the three of us can agree. We are all free market principle holders, and so why not let the free market decide in education like it does in Everything Else, if youre a teacher who feels like you should get back to work, you should get back to work and if not you shouldnt. If youre someone who feels like your kid should go to school let them and if you dont, then take them away. We should have the dollars so that the people who dont want their kids in school can make other arrangements. If this was working like an actual free market then people be able to make those risk decisions on their own. Its not up to you and me or government to decide what the appropriate level of risk in our own lives and unfortunately, because of Teachers Unions and planning and the infrastructure we have, we dont have the flexibility and the system to be able to do that. David well if bringing the free market into education is a great idea a lot of people have been trying that for decade s but they are up against a brick wall with those Teachers Unions so well see how that plays out gary and carol what a pleasure to see you both thank you very much. Stay safe, stay healthy. Well, portland unrest showing no signs of stopping with protests expected for a 57th straight night in portland, protesters now calling for more demonstrations on saturday, in cities coast to coast. William la jeunesse has the very latest. William . Reporter well, the protests against racism two months ago has become a nightly ritual in portland. 100 federal agents now the magnet for protesters around the u. S. , some coming from seattle to join the show. This is definitely a lot more aggressive. I wouldnt call it peaceful necessarily from last nights event but well see how tonight goes. Its only my second night here. If theyre going to be violent we have to match them. Reporter 2,000 last night protested outside the Federal Building setting fires inside a fence erected to stop them. A fence the city now wants removed because the feds didnt get a permit. Agents told demonstrate or s multiple times to get off the fence, they blew car horns after seven warnings, agents fired tear gas and foam bullets to push them back. So they are definitely not going toward what they shoot at, if it hits you, it hurts. Reporter protesters use leaf blowers to disburse gas and tried to tear down that fence with a car and a hook. State and federal cooperation has broken down as mayor ted wheeler hassle estraighted his national profile, squaring off against President Trump. Call this out for what it is the president is using these federal forces as his own personal malitia. President trump mayor wheeler, and he made a fool out of himself. He wanted to be among the people , so he went into the crowd and they knocked the hell out of him. That was the end of him. Reporter wheeler among others have complained about the agent s uniforms so one told me yesterday theyre identical to those worn during hurricane katrina, and no one complained then, david the white house is now sending about 100 agents to seattle just in case things heat up there. Back to you. David meanwhile thank you, william appreciate it. Questions over whether democrat president ial candidate joe biden could effectively distance himself from the riots and destruction in blue cities and states. New york post columnist and Fox News Contributor Michael Goodwin writing that the attacks on police and the breakdown of law and order could hurt bidens bid for the white house. Michael wonderful to see you. You know, joe biden is not running away from these protesters even the violent ones at all it seems. In fact he looks at two months of violence in portland, and the violence goes way back to the beginning of what was happening in portland and seattle and of course, we remember the chop zone in seattle, and he still calls them peaceful protesters. Nancy pelosi on the other hand goes even further calling federal troops that were called into protect courthouse the Federal Court House in portland storm troopers, an illusion to the nazi era. Democrats are siding with these violent anarchists as opposed to law enforcement. How does that play out in the election . Thank you, david. I think right now, it is not hurting biden, in part because i think covid is now the issue in the campaign, the main issue, but at some point, i do believe that biden is going to have to separate himself. The problem, of course is that you have as you said, the democratic mayors and governor, nancy pelosi, theyre all condemning the federal officers and effectively, drawing a circle around the protesters, not really protesters, they are rioters i guess is a better word and protecting them from the feds. Now this is a remarkable situation when you have that happening, id say in the column , its states rights circa 2020 where the feds want to come in and restore law and order and the local governments dont. They dont want the help. They dont want to do it themselves and they dont want the federal help, so its hard for me to think that this is going to be an Effective National strategy for biden, because at some point, i think people who live in other cities are going to say wow, my city could be next. I could be next. I dont want to come home and find graffiti on my house, or my neighborhood torn up, or even the city where i live and work under nightly siege, so i think this is going to be an issue, perhaps a late issue for biden. David by the way i have a hard time taking democrats concerned about states rights seriously. I mean, i dont assume that they opposed using federal troops to desegregate the south against the wishes of local officials back in the 60s, right . Right thats exactly the point, and as your reporter mentioned katrina. When the states want federal help, theyre happy to get it and get federal ventilators and medicine and masks from the federal government but you cant just turn the federal government on and off like a light switch. These are federal properties there, and as i wrote in the column too, david, the citizens of portland, who are not marching, they also have civil rights, and they have federal civil rights, and it is the federal governments job to enforce any violations of those civil rights so if the local officials wont do it, then i dont see any way that the president can sit this one out. Its a question of how you do it , of course. David and the most basic civil right we have is our right to be safe. Thats what we pay government for. We should get what we pay for and the most fundamental thing that we pay for is safety, and that is at risk right now. I just wonder how that particular issue plays out as we see violence and killings on the increase. Theyre going to have to, the democrats who are almost exclusively these cities that are in trouble are run by democrats, theyre going to have to defend policies that are leading to more deaths. If black lives matter, they have to change their policies, otherwise were going to have a lot more dead people in the streets. Yes, and i think that we have to put this in the context of the larger issue here. As you say, it is democrats in these cities and so how does biden unite the party . I think thats the fundamental issue for him. Hes already having trouble bringing in the bernie bros, so he outsources his Environmental Policies to alexandria ocasiocortez so you get the new green deal or so running his environmental policy. David forgive me but were running out of time. The use of the word progressive. They call these progressives. There is absolutely, progressive means getting better. Things are getting worse. We just had mayor deblasio of new york once again allow graffiti which is one of the things that had been cleaned up. Theres nothing progressive about these policies. They are regressive going back to all of the problems in the 60 s and 70s that created this huge crime we had to deal within the 80s and 90s. Dont forget the first progressive president was wood row wilson and Princeton University just took him name off of the graduate school because he was a racist and he resegregated the federal workforce so if thats the progressive model its not as enduring. David by the way i dont know if the Democratic Party is going to remain called that, if you consider its past in relation with the kkk et cetera. Its just the world has gone mad today, to quote a famous musician. Michael goodwin, great to see you thank you very much appreciate it. Well china just retaliating against the u. S. For the closure of its houston consolate. The details right after a short break. Its easy to get lost in the economic uncertainty. The volatility. The ambiguity. This moment calls for more. And Northern Trust delivers more. With specialized expertise. 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We talked about president nixon saying the important thing is that we could induce change from china. Thats the mission set that President Trump has set our course on so whether it was the indictments that have been handed down by the department of justice or the decisions weve made with respect to hong kong, all of those are aimed at inducing change inside the Chinese Communist party for the simple purpose of protecting the american people. David secretary of state mike pompeo speaking out as tensions escalate between the u. S. And china. China is now ordering the u. S. To close its consolate after the u. S. Ordered the closure of chinas houston consolate and that of course was followed by that ominous bon fire in the courtyard where chinese diplomats were presumably burning secret documents. China analyst gordon chang joining us now with his take. Gordon good to see you. That fire in the courtyard, maybe im making too much out of a little thing, but it brought to mind a fire in the Japanese Embassy just before pearl harbor in 1941. I know thats going back a long way but the question is history repeating itself . In many cases, in many ways it is, david. Obviously, they were burning secret documents and also normal ly a consolate will want to get rid of just routine documents and probably their shredders were overworked so essentially the only way they could do this was to burn them, but it does show that there were activities conducted from that consolate that were inconsistent with its mission and obviously that is espionage. Also some people say that that consolate had relations or was working with protest groups in the u. S. Thats unconfirmed but nonetheless thats it. David gordon ive heard you mention that before and thats of particular interest to a lot of people. What evidence is there that they may have actually been working with protesters here . The important thing is that the Chinese Government at the same time was engaged in the malitia Disinformation Campaign regarding the george floyd protest and there were seizures by customs and Border Patrol at about that time of items that would have been useful to protesters that had come from china. Obviously, with the approval of the Chinese Government, so for instance, in late january, we seized 900,000 dollars in 1 bills. Now, nobody counterfeits 1 bills for profit. Nobody can counterfeit u. S. Currency in china, without the government knowing about this , so there are disturbing connections that we need to be asking as i said its unconfirm ed but nonetheless, theres enough evidence to suggest that we should start an investigation. David all right lets go back to what secretary of state pompeo was saying suggesting that, i mean, he really called out the communist party very clearly, suggesting that it should be in the garbage heap of history, their allegiance to the communist party the chinese leadership and that like president nixon, this administration would like to change their attitude, from communist imperialism. Do you think thats possible to do . I think that the communist chinese regime is not capable of reform, and so essentially, american policy will evolve openly to ending communist party rule. Now secretary pompeo did not say that in his speech yesterday, but his speech is a landmark, nonetheless, because he talked about for the first time, the American Government working with the chinese people, engaging people incountry diplomacy so i think that that is an important aspect of all of this and it shows that i think the administration is basically given up on working with the chinese regime because we have seen especially over the course of this year in gauge in activities which are in consistent with a peaceful stable world. David a lot of businesses havent given up on it, gordon, and they rely on china for either supply chains or for sales to chinese consumers or whatever. What happens to those business relationships . I think that weve been see ing for some Time Companies start to reduce their vulnerability to china for a number of reasons. One of them is deteriorating economy. Also, predatory policies on the part of xijinping toward for and business and as well weve got the section 301 tariffs which have encouraged companies to locate closer to customers so there are a lot of reasons why companies have started to move from china. Other countries like japan have now introduced incentive programs putting tens of billion s, sometimes hundreds of billions of dollars into incentives for getting companies out of china. Also, larry kudlow, the president S National Economic advisor, has talked on your network about 100 tax writeoffs for American Companies leaving china. David thats right a lot of incentives coming back from china gordon thank you very much for being here. I appreciate it and wish it was more optimistic, thank you. Well san jose, california one of a dozen cities showing a concerning rise as authorities there are calling it in coronavirus cases, were going to hear the very latest on the citys battle to contain the virus with san jose mayor sam licardo, that is next. Just over a year ago, i was drowning in credit card debt. Sofi helped me pay off twentythree thousand dollars of credit card debt. They helped me consolidate all of that into one low monthly payment. They make you feel like its an honor for them to help you out. I went from sleepless nights to getting my money right. So thank you. [camera man] actually anyone 50 or over is at increased risk for shingles. The pain, the burning my husband had to do everything for weeks. And the thing is, theres nothing you can do about it [camera man] well, shingles can be prevented. Shingles can be whaaat . [camera man] prevented. You can get vaccinated. Frank they have shingles vaccines whaaat . Thats what i said. Were taking you to the doctor. Not going through that again. [camera man] you can also get it from your pharmacist talk to your doctor or pharmacist about getting vaccinated. Talk to your doctor or pharmacist 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 are at their low. Thats my fear. Im not worried about the country. Im not worried about the Financial Markets, because in the long run, i know theyll be fine. Im not worried about the country or the Financial Markets because i know infrastructure the long run they will be fine. Im worried about you. Im worried about how you will personally respond to this crisis, and even if you dont panic, you may have to. David students, parents, and professors all battling a College Reopening conundrum as questions loom over the safety of bringing students back to campus, fox news correspondent molly line has details from boston. Hi, molly. Reporter hi, david there is a lot to unpack on this story, the nations institutions of Higher Learning are planning to welcome students back when the fall arrives, but exactly how they can keep the students, the faculty, the staff safe, well the solutions for that problem are about as varied as the universities that are implementing them. One of the nations most prestigious universities, harvard, has announced all classes will be online. Mary dubniak is a rising junior from long island. Im considering taking the fall semester off because after experiencing the virtual spring, i really feel like i missed out. Reporter nearby Boston University is planning a return to dashcam pus but the experience that the students will have will not be the experiences as usual. Reporter masks will be required , dorm capacity reduced, and a robust covid19 Testing Program launched. Students will have a choice to attend classes inperson or remotely. The chronicle for Higher Education is tracking plans nationwide, based on the roughly 1,200 colleges researchers have looked at just over half plan to welcome students for classes on campus. A third are planning hybrid models meaning a mix of in person and online and roughly 10 are slated to go fully or mostly online. More campuses are beginning reverse their plans for in Person Instruction in favor of an online approach, and theyre citing worsening Public Health trends as the primary reason for that. Reporter and while students are attending these Classes Online most will also be paying full tuition, including at harvard. Now there are some schools that are offering discounts. Princeton is among them offering a 10 discount. David . David i think harvard is keeping their 50,000 tuition even if its online. Thats a lot of money for online. Molly thank you very much appreciate it. Well san jose, california is now one of a dozen cities in the u. S. Showing a concerning rise in coronavirus cases. San joses democrat mayor sam lickardo joining me. Great to see you, mayor thanks for joining me. What is the cause of the spike in your mind . Good to be with you, david. Well were seeing a rise certainly throughout the country and although were starting with a very low base in terms of number of cases and hospitalization rate, the number has been rising considerably over the last several weeks, and for all the same reasons, i think were seeing throughout the country. More than anything, were seeing spread happening in social situations. Its really within the family and social gatherings and thats where we just need to do a better job of communicating the imperative of wearing a mask and social distancing and avoiding many of those encounter s where a lot of folks might be and each of us individually have to step up to get the responsibility to care for each other. David now are you on complete lockdown now because of the spike . No, were not. The economic pillars of the economy are still in place. People are going to work, obviously not nearly enough people are going to work like many parts of the country we have very high unemployment probably 14 or 15 here but we are continuing to move forward and the economy at least trying to get people back to work safely. I think the challenges are going to be before work, on the weekends and thats where the contagion is spreading and we need to be better focused. David now schools i know theres a lot of controversy about it weve got the head of the pta coming up shortly. A lot of pediatricians say they would send their kids to school. We have also seen rates of deaths of children under the age of 15 at very minimal number certainly about onethird the number of flu deaths every year and of course we dont close the schools for the flu deaths, so should schools at least on an elementary level kids under 15 seem to be least affected should they be open . Well im not a Public Health expert but certainly the data tells us while children are probably safe in those settings, the real challenge is everybody else, that is the teachers, staff, and obviously folks who may be in contact with those children back at home, particularly grandma and grandpa , because we know theyre going to go home and hug other family members, and thats really the challenge. I think weve got to be focused on the entire community, what were seeing is huge surge throughout the country, and weve got to be much more diligent about really getting our infection rates down. David but forgive me, mayor but i didnt hear an answer in there. Are you in favor, i know there are a lot of things that have to be done, kids have to be trained to deal with this , but with all that training, and considering the alternative, should they be back in school in the fall . I dont think most schools should be open, but obviously, it depends on the context. Where were seeing it work in countries throughout the world is where you have a very low infection spread and where youve got very strong protocols in place. Were not there in most parts of this country. Our spread is still far too high david all right let me switch if i can, mayor because you along with about 15 other mayors cosigned a letter accusing President Trump of a abuse of power for sending federal troops into cities to protect federal property. Question about portland in particular, because thats where we see the most violence and it really precedes the introduction of federal troops its been going on for 57 days now. Do you think that portlands mayor can handle this by himself i have a lot of confidence in mayor ted wheeler. Hes very able, and equally important, i have confidence in the Police Department in portland and in local communities throughout the country to be able to understand best how to police in situations of civil disturbance, and lawful First Amendment protests, and inserting federal troops in that situation, i believe an overreach of the federal government and its not something thats conducive to helping communities understand best how we can protect First Amendment rights in the context where everyone can stay safe. David but just concerning mayor wheeler, he has had many weeks of dealing with this in effectively. I think everybody looking at the violence there, even the protesters now, mayor, are saying that this is no longer a protest this is a civil war. These rioters have been rioting long before the federal troops were introduced and the mayor has not been able to contain it. I am certain that the insertion of federal troops into local communities is not a solution. David but mayor what is the solution, because the mayor of portland has not provided one i am confident that local leaders with their Police Departments working with their communities will find solutions to civil disturbances. That has certainly happened here in our community and cities throughout the country, and i believe portland can do the same david well im glad youve been able to contain it, but the mayor of portland showed no signs of doing it before or after federal troops were introduced. Again i wish every mayor the best its a tough job particularly in these circumstances, but youve got to step up to the plate. Mayor thank you very much, you certainly have and i appreciate you appearing here. Thanks, david pleasure to be with you. David well baseball is back in full swing next we take you to Wrigley Field where signs of the pandemic are evident both inside and outside the historic stadium. Thats coming up with our friend Brian Kilmeade you dont want to miss him. Im still discovering whats next. And still going for my best. Even though i live with a higher risk of stroke due to afib. Not caused by a heart valve problem. So if theres a better treatment than warfarin, im reaching for that. Eliquis. Eliquis is proven to reduce stroke risk better than warfarin. Plus has significantly less major bleeding than warfarin. Eliquis is fdaapproved and has both. Whats next . Im on board. Dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Ask your doctor about eliquis. And if your ability to afford. Your medication has changed, we want to help. David baseball is back, with 13 games on the mlb schedule today but americas favorite pastime is still feeling the pinch of the pandemic. Grady trimbul spoke with the chicago cubs president of Business Operations just now and he joins us now, with the details hi, grady. Reporter hey, david, yeah things are going to look a little bit different at first pitch tonight. The way Wrigley Field looks at this moment is exactly how itll look at 7 10 eastern that first pitch, there will be no fans in the stands. You can hear the music playing over the loudspeaker right now, but at game time theyre going to try to make it feel like a familiar Wrigley Field environment so theyll have sounds that are unique to wrigley, of course crowd noise but also vendors shouting out the food that they have, as well as the organists that people are so used to but the team, as all mlb teams are experiencing a huge loss in revenue because of this , the m lb expects to cost them 4. 5 billion this season in the shortened season, with at least no fans in the beginning of the season. The cubs Business Operations president tells me that this team expects to lose 125 million this season, and of course this is a field that sells out just about every home game, and now they dont have ticket sales, parking, concessions or anything like that. Listen. 70 of our revenue comes from having fans in the ballpark so thats ticket sales, concession sales, parking, premium, our sponsorship assets that are largely seen by the 3. 5 Million People who will be here, and then our concert business, which was real big for us so with all that revenue gone about 70 of our revenue disappears. Reporter the businesses around Wrigley Field are feeling the pinch as well. There are tons of bars and restaurants in this area. One of them thats been here for more than 30 years, guthrie s tavern, has been forced to close because Indoor Bar Service is not allowed in chicago right now so a lot of businesses feeling the pinch here not just the cubs crane kenny just told me that the one thing we can hope for is a vaccine to revitalize this organization as well as all of the businesses here in wrigleyville. David . David i remember guthries when i was going to northwestern luckily i had a friend that had one of the apartments overlooking Wrigley Field and we could look right down into the game, but oh, what a shame. But they are still going to go on so play ball tonight and well all have fun, thank you, grady appreciate it. President trump meanwhile making changes to the jacksonville, florida component of the rnc convention. Could recent polls from the state be a factor in his decision . Well discuss that, coming right up. How they gonna pay for this . They will, but with accident forgiveness allstate wont raise your rates just because of an accident. Cut is that good . No you were talking about allstate and. I just. When i. Accident forgiveness from allstate. Click or call for a quote today. In a highlyconnected lexus vehicle at the golden opportunity sales event. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Exsimon 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. 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 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. David well new details on the administrations plan for a stimulus bill, and it appears that the payroll tax cut which yesterday was being called dead before arrival, is actually does have a possibility of coming through. Charlie gasparino has been on this story for weeks now, and he joins us with the latest. What is it, charlie . Charlie when you say possibility, do you mean theoretical possibility . David [laughter] lets say absolute certitude. No, i would just say that yesterday we were talking about it being dead in the water and not going anywhere. Is there any possibility that it could be a part of a new stimulus plan . Charlie listen, anything could happen in the donald trump presidency, right . We know he changes his mind, hes volatile, he could go back and tell Steven Mnuchin push for that or theres no deal, but here is what i know and you can lay your odds and the odds will be very very low that this thing is part of it after you hear what i have to say. Mnuchin made that comment yesterday on squalk box yesterday where he said the payroll tax cut will not be part of the package. Weve been reporting for days about how theres a civil war inside the white house between the Supreme Court play ciders like larry kudlow versus mnuchin on this issue, and that mnuchin was likely to win. He did win but he did not win because donald trump is all of a sudden now as the wall street journal called mnuchin. He won because he is joined in his efforts largely, by mark meadows the chief of staff, who by the way is an advocate of payroll tax cuts and hes joined by the Senate Majority leader Mitch Mcconnell, and theyre not talking about ideology when they went to the president , when the president heard their words. What they are talking about is what can we achieve . We have a divided senate right now, the house well before but the house doesnt matter as much as you know because nancy pelosi is the speaker, the democrat. And mcconnell basically said listen we have a divided senate theres a lot of senators that dont want it that its enough money in the pocket book of people, and on top of that the democrats are going to fight like hell against it. Thats what allowed mnuchin to go out and make that statement, which from what i understand, was approved the president. So thats the odds you have to weigh in terms of this thing ever seeing light of day in the stimulus package. Now, we should point out that President Trump will probably jaw bone about it. He will probably talk about a favorably saying why we need it in the future and while hes not done yet pushing it, but you know, and all i know come tuesday, i think the senate is likely to have its bill, the republican bill for the stimulus on tuesday, and for all i know it may sneak in there, all right . But im laying down the odds of this thing getting in there and being a priority to be pushed or not pushed by the people that are running the show, and the people who are running the show quite simply neil its of course donald trump but hes been advised by Steven Mnuchin, not just Steven Mnuchin, mark meadows, and the Senate Majority leader Mitch Mcconnell that this thing is just as much as everybody, listen its a good policy you know it and i know it its better than just handing someone a check, getting people back to work, its very stimulative particularly payroll taxes are very regressive, right they affect lower income people that make money more. Thats its a bad tax for the working class, for the working man and woman, but its real politics here, david, and real politics means that the civil war that i describe last weekend has been won, essentially by not because of these guys but listen, mnuchin might be and i know the wall street journal editorial page said that today, but mark meadows is not and i dont think Mitch Mcconnell david just because they know it wont pass its that simple is what youre saying right . Charlie its hard david. Look at it this way their own conference is divided on it, okay . Throw that in with the fact that the democrats are totally against it, and nancy pelosi would ask for like, you know, universal healthcare times 30 to grant it. Its a nonstarter at least thats what theyre telling the president. Now again i cant guarantee that donald trump is not going to have a 180 over the weekend, i dont know, but im just telling you if youre a betting man on this david im not betting on it. Charlie im with you. David charlie thank you very much. Good inside stuff i appreciate it. Well as federal and state officials debate whether schools should reopen this fall, why the national pta president is worried that officials may be ignoring the biggest hurdles. She joins us in an interview you do not want to miss at the top of the hour. Stay with us. About medicare and 65, ysupplemental insurance. Medicare is great, but it doesnt cover everything only about 80 of your part b medicare costs, which means you may have to pay for the rest. Thats where Medicare Supplement insurance comes in to help pay for some of what medicare doesnt. Learn how an aarp Medicare Supplement insurance plan, insured by United Healthcare Insurance Company might be the right choice for you. A free decision guide is a great place to start. Call today to request yours. So what makes an aarp Medicare Supplement plan unique . 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Two this type of plan allows you to keep your doctor as long as he or she accepts medicare patients. And three these are the only Medicare Supplement plans endorsed by aarp. Learn more about why you should choose an aarp Medicare Supplement plan. Call today for a free guide. David welcome back to another hour of kudo coast to coast. I am david as men. A lot of development today. The president has canceled rnc events in jacksonville saying it is not the right time. Coronavirus cases there continue to surge. Inside the beltway, washington, d. C. Where federal Eviction Moratorium ends today putting many at risk of losing their homes if they cannot come up with the rent. Protesters rally outside of mayor lightfoots house demanding the defunding of the chicago Police Department. First, the debate over school three opening four in Person Learning continues ahead of the new school year. The Parent Teacher association saying the biggest obstacle to this is the impact Remote Learning will have a low income students and the associations president leslie boggs joining us now. Thank you so much for being here really appreciate it. We just had this huge global experiment in Remote Learning. Particularly, in this country, we have been able to analyze it long enough, i think, to get an idea of whether it worked or not. I think we did what we had to as a nation. The safety of their children was put at risk. Parents believe the best option is to be in school. We know there is a problem for most children in Remote Learning however, considerably concerned about the health and safety and whether students are going to walk into in their school environments. We have to have them in order for every child to be able to come back into school safely. Let me put it bluntly. I was a teacher in chicago. A Junior High School teacher. I found that virtual learning, where we tried it, it did not work. Most of the teachers that worked with me realized it did not work. Made me even worse at home. I dont have a lot of faith in virtual learning. Do you . I have a grandson. He loved it. Ive a grand dollar charlotte that hates it. It depends on the dynamics and the child itself. We do know that in School Learning is the best option for everyone. It is the most equitable option for all children. There is a substantial amount of children and families that have no internet, no broadband. Even if we give them devices, they still cannot get on the do the work. The best option is to put them in school. We need to make sure they have the resources to be successful. David one thing that we know his parents cannot go to work if their parents are at home because they are not in school, particularly, smaller kids. Maybe there are some older teenage kids that can be at home without their parents. Not the Elementary School children. Those happen to be the least vulnerable to this coronavirus. There is a happy coincidence there that the people, the children that may be able more than any other kids are Elementary School kids and they are the ones that the parents need to have notice school most. Well, and i will say from research that is what we have seen. Children under 10 are less susceptible to the virus. They are not asymptomatic and they are vulnerable to the virus. Parents have to have options. The best thing for every district, School Across this nation is to include parents in the conversation. Listen to their concerns. Let them know why it is important for us to see this dynamic. We know that it is not over. We see in some communities where it is extremely high. They will deal with it differently than those communities that it is not. That is a personal local decision. For all stakeholders to be there in that conversation. Parent, community members, educators, Everyone Needs to be at the table i am listening. The most important for all of our educators to understand is they need to communicate effectively with all stakeholders. Especially parents. David taking away the economic argument, those advocates of opening the school say, outlook, four times as many kids die from the flu each year they are and are dying from the covid, as far as we can tell. We dont close all schools for the flu. If it is not safe or covid, it is even less safe for the flu. By those standards, you should open the schools. Well, and, again, i think you have to remember where we are as a nation. You are putting over 50 million children at risk. You are putting those educators, and their is about 6. 4 Million People staffed by the education system, so you have to be careful. Our children are the future of our nation. The only thing i want to make sure of is they are taken care of and their health and safety is utmost in the biggest priority as we reopen schools because we know all parents want their schools back and they want them to be, they want their children to be involved, but their number one priority is the health of their children and we have to understand that. David of course as if former teacher, i know how Teachers Unions were compared they are very political. They get involved in politics all the time. How much of their role in pushing against opening is political . I will tell you that my believe in under associations belief is not a political issue. You have to admit that it is political. It has become political just as Everything Else has recently. And that is unfortunate. We are really risk in the future of the success of our nations. Those children are our most precious resource. We have to look out for them. David we absolutely do. Leslie boggs, great to see you. Thanks for being here. Best of luck. It will be a very Difficult School year, but we wish you the best of luck we might thank you very much. We appreciate it. David President Trump canceling events in florida. Florida being a key battleground state. What does this mean for novembee carter. Thanks for being here. President trumps rallies, whether the convention or the regular rallies played a big part in his election of 2016. Starting with a convention as a rally to get things moving. Does that put his election in jeopardy . I am not sure if it puts his reelection in jeopardy. I think there are a lot of other things bigger factors playing into that they on this is. I think the real issue at hand here is do people have confidence that this is the man that will keep them the safest. That is what it comes down to here in the election. This one is all about safety. Who makes me feel most safe both because of covid and also lets not forget about all of the issues, the police force happening. These moments, we are going back and forth, are we having a convention or are we not having a convention. The president s support is strong. Support among republicans remains in the 90 percentile. Among his voters. 70 . Biotin does not have the same level that donald trump does. Only one third of joe biden supporters, two thirds voting against donald trump. Much more difficult case. I think that joe biden is confident in the polling numbers right now. Polling numbers look amazing. Lets not forget Hillary Clinton david we remember that. Then there is a question of how honest people are being with pollsters. On specific issues. Black lives matter. Whether they are afraid because of the blowback coming from our politically correct culture about answering to a stranger on the phone in a way that may keep them as something negative. There is no question about that. More than 60 of americans are afraid to share their political views honestly because a blowback that they are sharing it with. There is a real concern about people being honest about where they stand and what they feel. Who was going to make you feel the most safe. That often means who will make you feel the most safe to be who you are. A lot of people that are President Trump supporters that are afraid to say where they stand. I think that will play a big role. Trump support, who were the key, by the way, they were really surprising. He has lost some support among independent voters. Covid probably has more to do with that than anything else and the economic effects of covid. You have joe biden focusing on that nerve. We tried to keep politics out of what was happening with the coronavirus. It did not last long. It did not have to be this bad. Talking about the president s response to covid19. We see even in a red state like texas that there polling is now in a dead heat. That seems directly associated with their uptick in covid cases. If they do continue to have arises, even if they are temporary, from now until the election, it does not bode well for the president. It doesnt. I think it will make people feel more uncertain. The president still does pull the best when it comes to the economy in handling the economy through covid. The other thing we need to understand is making the case to the american people. We do not know who his running mate is going to be yet. He made an announcement last week. It was very general. They did not necessarily gravitate towards it. Forgive me for interrupting, but he came out this week for his plans for dealing with covid and virtually every one of them had been established by President Trump. He literally copied point by point. Karl rove pointed this out yesterday. Point by point. Everything he suggested he do. Stuff that the president has already done. That is right. Everything feels general. Not a feeling of i feel so relieved he was in control. Dont get me wrong here, there are some people who say i would be relieved no matter who is in control if it wasnt the president. That will not be enough to get him elected. He will have to convince people that he is the one that should be in charge of his country. Economically and safety wise. He has also linked his president the in the past not just to the economy in general, but the stock markets specifically. We are pretty much at session lows right now. A lot of concern, totally unrelated to the coronavirus here at home, but our relationships here at china. He has linked himself so strongly to the market. If the market goes down by november, is that also a problem for the president . It will be a problem for the president. Consumer confidence is back on the rise. It was hugely impacted. Consumer confidence. People very afraid. Those numbers are picking back up. As long as consumers feel good, that means voters feel good. Extreme volatility, if congress cannot get a stimulus bill together that will extend benefits because we know a lot of benefits will run out this month and that will have a huge impact, that will be a big problem for the president. He is defined by pocketbook issues. We are 102 days away from the election today. I think it was two weeks before the election in 2016 Hillary Clinton had a doubledigit lead and a lot of the polls. Pollsters, you have a tough job. It is not easy. You have to understand what is underneath it. It is not as straightforward as you would think. Not this year. Thank you very much. Appreciate you being here. The federal Eviction Moratorium in spirit if you do not pay up, you could have to get out. Jillian turner has a very latest from washington, d. C. On this. Hi, jillian. Hi. That afternoon, david. The ban on evictions and today at midnight. So far, 20 million American Families are facing the prospect of nearterm eviction when this policy lifts. Experts have been warning about this for weeks now. This month alone, july, 32 of american households missed their rent or mortgage statements. It is an astonishing number. The majority of renters live there. Exhibit a, new york city. Take a listen. We are about to go over a cliff here in terms of people potentially losing their housing. We have to stop it. Los angeles a another potential hotspot on the verge of a crisis. The numbers is still not the same amount as i was before. My rent is about 30 of what my income was before the pandemic. Democratic leadership wants to include Housing Assistance in the next coronavirus supplemental bill working its way through congress right now. Take a listen to senator schumer. If we pass emergency rental assistance and extend the moratorium, we help families and individuals stay in their homes, stabilize the rental market and keep up, help owners keep up with their property taxes and mortgages. Other democrats like Elizabeth Warren claim more homelessness will mean more sick americans. Forcing thousands of people out of their homes during a pandemic will make a Public Health crisis worse. Why spread housing disruptions will affect essential workers and others who are keeping our economy going. Schumer and warren blaming Mitch Mcconnell for failing to include measures in legislation to push him forward. We have been talking, david, all day long to republicans over on capitol hill. This is a top priority. These evictions will not happen. David. Keeping businesses and their places of work and corporate real estate. Questions about evictions there, too, that need to be answered. Thank you very much for the story. I appreciate it. Baseball is back. Is this what America Needs to bring us all together again. One at that be nice. We will be talking to brian next. Usaa is made for whats next no matter what challenges life throws at you, were always here to help with Fast Response and Great Service and it doesnt stop there were also here to help look ahead thats why were helping members catch up by spreading any missed usaa insurance payments over the next twelve months so you can keep more cash in your pockets for when it matters most and thats just one of the many ways were here to help the military Community Find out more at usaa. Com to help the military Community Welcome to camp tonsafun on xfinity its summer camp, but in your living room. Learn how to draw with a minions expert. How to build an indoor Obstacle Course plus. Whatever shes doing. And me, jade cattapreta. The host of es the soup camp tonsafun. Its like summer camp, but minus the poison ivy. Unless you own poison ivy. In which case, why . Just say summer camp into your xfinity voice remote to join. Will begin to require face coverings in all of its stores. This starts on monday. Baseball is back. Telling foxbusiness moments ago this is exactly what America Needs right now. Watch. I think the league has made it clear we will lose about four and a half billion this year. On the other hand, in the middle of a pandemic, we see more americans lose their lives in our lifetime and really since world war i. It is a situation that is unprecedented. We are excited. Brian kill me joining me now on why the country needs baseball right now. Ive always had a special place in my heart for baseball more than any other sport. It is the american sport. More than that, it does have this miracle aspect to it. There are moments of crises in america where baseball did not come out as the thing that saved us from our doldrums. It is history. You can go back at a point in time and say that was a depression, that was world war i, that was world war ii. They are actually playing the same game just a little tighter. Their outfits are made out of different material. It is still the same game. How is you know, to alltime greats. Babe ruth as a pitcher. How was jim rice compared to this generation. Talk about what america was going through when breaking the color barrier. This is the longest gap in the history of baseball between seasons. They fear if they go away they will never be able to come back as a major sport. There is a legitimate fear on that because the next generation does not embrace baseball likely deal. Even though a lot of south american Central Americans populate the sports, in terms of viewers, in terms of people in the stands, it is not the Minority Community embracing it like they were at one time. David the other thing about baseball, and i dont want to get too emotional about this, it has this magic quality to it. You know, we need help right now. And so many areas we need help. In our streets in terms of the violence there. In terms of the coronavirus. I think about the great baseball movie, the national, and capture that magic baseball. That is what we need in this country because so many people are hopeless. The team that is favored to be the champion this year. A lot of big names. They certainly would have sold out. The new york mets and other teams, you can cut out a likeness. What fox is doing. They will be putting in crowds and Virtual Reality like they do add in games. If you also watch the game yesterday, a murmur underneath. A tryout. I am for that. The production value is great. It is interesting. Watching at home and cheer. Aaron judge hits a homer. Old tv shows like i love lucy. We are used to that to a certain extent. It does make it more watchable. I do not want the cam laughter and baseball. David or on fox and friends in the morning. There is a little bit of politics thrown in here. Players on both teams taken e before the National Anthem last night. Not during, but just before the National Anthem. What did you think of that . I loved it. I loved it. Curtis granderson one of the people that pioneered it. Lets show unity. That was the rope. They kneeled before the game. That is what a lot of people do before big games. They want to get their heads together. Their thoughts together. They stood for the National Anthem. I thought that was perfect. Not insulting the National Anthem or the flag because they all got up for that. A little bit of inside baseball. We have to run. Designated hitter, we will not see pictures try to hit a ball anymore. That was kind of fun. Are you going to miss it . I dont want to see any more windbreakers unless they are fbi agents. I got to see Reggie Jackson for a few extra years. I do not want to see a picture pretend to know how to hit. Hopefully that is done for good. So happy to have it back. Here is a lineup for saturday. Yankees and nationals again on saturday. By the way, my new york yankees 14one. Nationals will get a chance to beat them again this saturday. Fox and friends. You have the radio show. You have the books coming out. Honestly, for many reasons im glad im not your wife. Primarily, because i would never see you. Great to see you, my friend. Great to see you. Thanks for having me on. David phase for economic stimulus a flop. My buddy dan will be joining me on that coming up next. 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 are at their low. Thats my fear. Im not worried about the country. Im not worried about the Financial Markets, because in the long run, i know theyll be fine. Im worried about you. Im worried about how you will personally respond to this crisis. And even if you dont panic, you may. Its like walking into the Chocolate Factory 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. Announcing it is taking on big tech or trying to again. Expecting to file a lawsuit by the end of the summer. Google, facebook and amazon chairs today dropping on the news, as you can see the market is down quite a bit. That may have something to do with it. Our own Hilary Vaughn has the details. They have tried this before and kind of withered under the pr efforts of these companies. Will that happen again, i wonder. The last time the doj took on a Big Technology giant was microsoft. Ten over years and and cost 53 million. As attorney general bar gets very close to making his antitrust challenge against google official, there is a lessons to be learned about how the doj handled microsoft and how they may handle this case with google. The former antitrust bureau chief of the u. S. Generals office. He was involved in the dojs challenge against microsoft decades ago. Very little contact. He thinks that is a mistake for the doj. He also says the timing is happening at a bad time for the president politically, but a good time for google because a judge may be less likely to slap him fine on the giant if the economy is fragile. A very good job of protecting free markets. I think it would do a bad job regulating privacy or regulating freedom of expression. A soundbite from stephen. We will get back to that. Google has repeatedly denied they have engage in any anticompetitive behavior. Any experts we have talked to, including the man you just heard, tell us that microsoft was lucky in that challenge because the doj was just getting its feet wet. Google may not be as lucky because they will be more prepared. Lets play a soundbite from stephen about what his assessment with the situation with google is. All right, david, google is not the only tech giant that is facing antitrust heat right now. There is supposed to be a hearing with all Major Technology ceos from google, facebook, amazon and apple on monday. A source is telling us that that hearing will likely be postponed. David so sorry there were gremlins in our video machine. We got the report anyway. Thank you very much for that. Appreciated. Protesting crime escalating. Mayors slamming President Trump for his push to deploy federal agents to stabilize the areas or at least federal properties. Dan henniker writing an oped saying progressive policies are ruining major liberal cities and it is a significant political event. Dan joins me now. I was just talking with Michael Goodman about using the word progressive for the policies a lot of these liberal mayors have. Policies that are not progressive. Going back to an era of when we had filthy streets, graffiti everywhere, turnstile justice. It did not work. It led to a huge increase in crime. Thousands more people dying each year in new york and chicago. Progressive is when things get better. These policies are making things get worse. They are, david. In my column this week i wrote that i think this is a significant political event. Here is why. A lot of these policies that these progressives brought into the cities, usually, the consequences are not seen for years. It is like a slow erosion. For the past four or five months, the protests plus the lockdown from the pandemic, we are seeing the consequences compressed and brought to the surface just as you describe them, david. The big political event was when donald trump identified these voters that had been forgotten in places like pennsylvania, michigan, wisconsin. I think the forgotten men and women right now are the working class people inside of these liberal cities like new york, chicago, portland and seattle. They often consider themselves liberal. Standing back and saying no. These policies are utterly instructive of the quality of life for the places that we live. I think they would be open to alternatives. I am not saying they will pull the lever for donald trump, but who knows. On the other hand, they may just leave. Both of us live in manhattan, by the way. Im sure its a statement chicago, i know its happening in portland and seattle where a lot of businesses are giving up entirely. They are moving to texas or other places where you do not have these liberal mayors and governors. This brings up the subject of the president s intention to send in federal authorities to help. I think that some of these cities are what you would call cities beyond hopeless politically. New york, portland, seattle, san francisco. I think the president should leave them alone. There is no likelihood that they will change. Some other cities like chicago, kansas city, albuquerque, detroit, cleveland, atlanta, i think there may be some ability there with the local leadership to meet the president halfway on helping them fight crime in those cities. Let me move to an editorial that you were involved in. Calling it a phase four flop that does not do nearly enough to jumpstart the economy. More focused on spending more money than it is on getting our productivity back in shape. Right . Yeah. Exactly. That is what we need right now. Pushing out trillions of dollars. The democratic theory to the extent that there is one is you put money in peoples pockets and they spend it. People are not spending that money, david. They are saving their money. A very conservative move because of the coronavirus. There is a political element to this. They are feeding their constituencies, pouring money out to the Teachers Union and the rest. The republicans in our view seem to be confused about what their response should be. They better remember something. It was pointed out by senator ron johnson on our page this week. He got elected into the senate during the tea party movement. The original tea party movement. Not that long ago. Maybe eight, nine, 10 years. They were upset about the level of federal spending and federal incompetence. Those people are still out there. A much larger part of the republican base. I think by signing onto the nancy pelosi spending bill, they have to worry a lot about suppressing turnout, discouraging their own voters because this level of spending, up to 7 trillion total now, maybe 25 of gdp will discourage a lot of republican voters, if they go along with it. By the way, very quickly, speaking of the editorial page, it is still intact. Attacks without and within. We are up and running. Make no mistake. Just open up the paper any single morning. We will be there doing what weve always done. I have a personal interest because i worked there myself. Full disclosure. I could not start a day without it. It is great stuff. You have both sides of the aisle represented on the editorial page. We continue to watch you with great interest. Thank you, dan. Thank you, david be met vote rentals are booming. What is behind the surge . We have details that may interest you. Certainly going to interest me. Coming right up. Of credit card debt. They helped me consolidate all of that into one low monthly payment. They make you feel like its an honor for them to help you out. I went from sleepless nights to getting my money right. So thank you. So thank you. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com and airbnb like boat rental platform getting a major boost as people take to the water to stay cool and social distance. Kurt has the story. I love this idea. I have a house near the water. I never had a big bow because my wife refused me to have one. Id love to try one out. This may be my opportunity. She may change her mind after you hear this story. Welcome to marina del rey. 75foot vessel. 2. 5 million. People are spending money on boats. Also rental apps are really driving the market. You grab Something Like this that is an internet streamer. Takes a wireless streamer and boost it. Apps like this, airbnb apps, get my boat. You are looking at it right there. The next one is boat setter. Get my boat has about 130,000 boats, 184 Different Countries available from a lake to a massive yacht by the week. There are people out there making money for the first time putting their own boat into those poles. With boat sales up so shortly, a yacht broker that operates out of california and california, are you busy now . I am so grateful for the business i am involved with. Always busy, but never like this. Never seen it like this before. Business has never been like this before. It is fantastic. None of us expected this from the boating industry. Not only a surge from 270 to 50 in the rental side, you have both being purchased at a volume that is the highest in one decade, david. Wow. I would be happy with a 17foot boston whaler. That is a kind of boat that i try out up in massachusetts. I think i will use it in prevention. Thank you very much. The Housing Market heating up. New home sales in june. Mortgage rates still hovered near record lows. What does a robust Housing Market mean for the longterm recovery . Jerry willis has details on that that is right. Beginning to feel like 2000 all over. Good news for housing today. New home sales rising 13. 8 in june from may. To an annual rate of 776,000. The strongest rate of growth in 13 years. The Congress Department also revised last month many sales higher showing a 19 gain in that month. I will show you the entire country and how the regions stack up. 89 . Amazing. Home sales are also on fire. Rising to a record high last month. The numbers are revealing a hot Housing Market despite the pandemic. 53 of home purchases have been subject to bidding wars. Jerry howard, we interviewed him today. He says the pandemic actually helping sales. Rates are incredibly low right now. There is a shortage of existing housing on the market right now. People are moving out of cities and as they are moving out of cities, interestingly, they are asking for things that existing houses dont give them the opportunity to have. Also behind that big sales jump, people buying homes in record numbers that have yet to be built. Allowing buyers to design their homes amid the needs of covid19. And home gyms, big backyards, a lot of Square Footage underneath those roofs. The problem that has gotten the market for some time now, low inventory will continue. Everybody has snatched up those homes that are yet to be built. Not a great big pipeline here. Back to you, david. Plenty of a surplus there. You are right. With the homes, a very different situation. Great to see you. Thank you for coming in. Tensions between the u. S. And china are lowering stocks today. Why they are fearing this escalation. Could they be onto something . That is next. And it appears youre quite the investor. I like to trade. Well, Td Ameritrade has pros ready if you need help, say talking through a new strategy. Just in case things, you know, get a little rocky . Im sorry on the upside i think thats waterproof. Maybe not. Save without even leaving your house. Just keep your phone and switch to xfinity mobile. You can get it by ordering a free sim card online. Once you activate, you only have to pay for the data you need, starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. 5g is now included with all new data options. Switch and save hundreds. Xfinity mobile. And my side super soft . With the sleep number 360 smart bed, on sale now, you can both adjust your comfort with your sleep number setting. So, can it help us fall asleep faster . Yes, by gently warming your feet. But can it help keep us asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. So you can really promise better sleep . Not promise. Prove. Its our weekend special, save up to 900 on select sleep number 360 smart beds. Plus 0 interest for 24 months and free premium delivery when you add a base. Ends monday. David stocks dropping after china officially retaliates closing the u. S. Consulate calling the move a necessary response. Investment management chief strategist Alicia Levine and fifth third blank chief assessment management jeff on the danger of the world to largest economies. How big a hit to the World Economy would a fullfledged economic it would not be great for the World Economy nor for economic growth. Trade gives growth globally. In the way the smp is not the economy, the impact of china is not the same on the u. S. Economy as it is on the s p. Tensions with china will be more felt than what the country will actually feel. However, we already had issues with Companies Bringing supply chains back to the u. S. The tensions are not great or the growth, but on the other hand, it is not entirely a new thing. David jeff, i am just wondering how much of a problem this is four china. I would assume a fullblown trade wart where china gets out of the deal that was just made entirely or where the u. S. Gets out of it entirely would hurt them a lot more than it hurts us. In theory, absolutely. This is not a replay of 2018. We would not expect a ratcheting up of tariffs. Posturing to draw a comparison between president prompts pro american manufacturing, anti china trade policy to draw a distinction between that. At the same time, there are clear incentives that provide more than just talk. They are now these incentives that are provided by the administration to get out of china. To bring manufacturing back here. Is it working . I think that it will work. You do not want to be dependent on other companies for things that are necessary for health and economic growth. I think you will see reassuring not just here in the u. S. , but globally. I think it will be up global phenomenon that we will see. I do agree with jeff that this is somewhat electionyear posturing. The structural issue has been evident for the last couple of years. That is not going away so easily another example where it is percolating out there. We could see Something Like a cold war. I can see it we do not have much time. One thing that has happened is we have had in incline and productivity worldwide in terms of what is happening with the pandemic and the trade war as well. The most challenging corner that they have ever had. Laying off 21,000 workers. That is a big energy company. That will be hurting for a long time to come. We only have 10 seconds. Go ahead. We have a real challenge going on. Capital investment, your earlier guest daniel suggested just does not tend to happen in terms of slack labor and excess capacity. We have to get to a point where we have tighter markets or greater needs to reinvest in manufacturing in the united states. That is still a little ways off. I agree with alicia. It takes a long time to pull out of china and find alternatives to that important element of our supply chain. Now more than ever. Jeff, alicia, thank you both for coming in. Mcdonalds just saying it will extend a pause on reopening dining rooms for another 30 days. Also asking all u. S. Customers to wear facemasks when entering restaurants. Effective august 1. We will be right back. Fs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. groans hmph. food grunting menacingly . 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Two this type of plan allows you to keep your doctor as long as he or she accepts medicare patients. And three these are the only Medicare Supplement plans endorsed by aarp. Learn more about why you should choose an aarp Medicare Supplement plan. Call today for a free guide. David well as weve seen all day, stocks are under pressure, amid geopolitical tensions, and you can see most of the dow stocks are down, near session lows right now, both the dow and the other indexes, but theres one thing thats in the green. Gold. A lot of people flying over to gold as a safety. It tops 1,900 an ounce for the first time in nine years today. Its a little bit below that right now but well see how that ends the day. Meanwhile charles payne, here to guide you through another great hour. Charles . Charles david thank you very much. Good afternoon, everyone. Im charles payne, this is making money and breaking right now, stocks are struggling again today as big tech continues to succomb to selling now, and the question is is this just overdue profit taking, or has the Value Proposition actually changed . One thing that doesnt change are stories of unbridalled greed , wait until you hear the latest report about amazons bait and switch. And its going toward becoming an unmitigated disaster congress cannot get its act together as they continue to fumble the latest attempt at stimulus for americans and small businesses. Ill get an update from republican congressman, all that