Epa administrator Andrew Wheeler will join me after the president signed an order to extend the florida offshore drilling ban. Well talk to him. But first, joe biden hitting the campaign trail this time in the crucial state of michigan. He will push the his own made in america plan before President Trump heads to the state tomorrow. The plan calling for more taxes on certain companies. Fox businesss Jackie Deangelis has the latest. Jackie, when i heard this, i thought the announcer made a mistake. He was talking about what trump had said in 2016. Reporter that is a very, very good comparison to make, david. Good afternoon to you and thats right, biden is in michigan today. Remember, this is a manufacturing state. He will try very hard to win over those voters. What he is saying is, i have got what it takes to make it in america. Now a crucial part of that plan is what he is going to do with Corporate Taxes. So lets review here. We already knew he wants to roll back the Trump AdministrationCorporate Tax cuts to bring the tax rate back up to 28 . But he is saying that trumps 2017 tax plan caused a manufacturing recession and to fix that he needs to impose a 10 offshoring penalty which basically means if a Company Takes jobs out of the country they will pay the penalty. On the other hand the if the Company Brings jobs back here to u. S. Soil they could get a 10 tax credit. If the corporation was taking the penalty, it would pay aggregate in 30point in taxes. His plan he says will include a series of executive orders to insure the federal government is using taxpayer dollars to put American Products and support american supply chains as well. What biden isnt take into account here what President Trump did with respect to trade, regulatory policies to strengthen manufacturing in this country, implementing new trade agreements with china. Implementing usmca, undoing obamaera environmentally driven policies. He did get better terms for manufacturers to incentivize them to migrate back to the United States. The criticism of bidens plan here is that it lacks the ability to basically understand that you dont undo years of bad trade policies with other countries and incentivizing u. S. Corporations to send jobs overseas. You dont snap your fingers and fix that with a penalty on these corporations to try to tell them basically fix it in a year, you have to pay xamount of dollars. The problem with this approach the critics are saying is basically it can ultimately really depress what corporations are doing instead of slowly fixing some of the problems. You know, so were going to have to see what he says today, and how he gets that message across, david. Your right, some of the sentiment oddly echoes what the president has been saying all along. David some would say plagiarize. Jackie, thank you very much. Were waiting for joe bidens comments in michigan on jobs and the connie in about an hour. President trump will make his case to mesh grand michigan voters, where he have expect as gloom sy economic slog if biden takes power. President trump if joe biden takes power. The economy will collapse. He wont even know the difference. David we have rnc Communications Director cassie smedile. Thanks for coming in. Made in america, i really thought he lifted every word from 2016 of Trumps Campaign but the prescription for bringing more manufacturing jobs to the u. S. Is exactly the opposite. Instead of rewarding people or companies for working here in the United States he would penalize them. Raising the Corporate Tax rate and putting a penalty on offshoring some of their jobs. How do you think that will work out . Yes. Im in michigan today. I am triggered by joe biden. Just the mere presence of him in my state makes me wonder if i am going to lose my job because that is the history of joe biden. 47 years of politics with joe biden has led to more than 100,000 job losses when you count nafta. Nearly 50,000 job losses in michigan alone. Joe biden advocating for china to get favored nation status. That was nearly 100,000 job losses in michigan alone. This is not good news for michiganners if joe biden gets into office. As you so nicely laid out there, conversely in President Trumps first term he has shown a return to buy american, hire american. He is clearly the only candidate in this race who is fighting for you. David well, cassie, before the virus caused these lockdowns across america we had increased manufacturing jobs in the United States by 500,000, a huge increase over the eight years of the obamaBiden Administration. There was a decrease in manufacturing jobs. But since then of course because you locked down the country, you close factories on purpose. You force the lockdown. You will have fewer jobs that is the nature of a lockdown. But the Biden Administration is combining what has happened since the virus lockdowns with the previous three years and showing that there is a loss of manufacturing jobs. Do you think voters will buy that . No, absolutely not. They are playing us all for fools. If they think well see the numbers, think, gosh, i wonder why the numbers are lower right now. Especially when you consider in the last four months we returned more than 10 million jobs to the country, showing President Trump is on pace to have one of the fastest economic recoveries in david cassie, forgive me for interrupting, i understand, but we still have 10 million more jobs to go to even up to where we were before the lockdowns. Again, that is what youre going to hear on the campaign trail from biden. He is note going to focus on 10 million new jobs. He will focus on we are still 10 million short where we should be. And based on the obamaBiden Administration slowest recession in modern history, slowest rerecovery from a recession in modern history the American People are not fooled. We know President Trump is working. He laid the foundation right out of the gate in the beginning of the first term, you saw with deregulation and tax cuts. Letting you keep more of your hardearned money. Businesses are passing that on to their employees. That is why weve been able to bounce back after the virus artificially halted our economy. David right. Because the foundation is there. David i just have to ask, i got to switch gears because were running out of time but there is another virusrelated topic which is the switch on mask mandates. During the convention as you know the democratic convention, joe biden said were going to have a National Mandate to wear a mask. It is a patriotic duty. He said that three weeks ago, but on sunday he said, heres the deal. There is a constitutional issue whether federal government could issue such a mandate, so i wouldnt issue a mandate. Wouldnt, should, how does this all bounce into the campaign . Are you guys going to use that . Well, i think this goes to the larger what weve seen from democrats versus republicans and President Trump is that throughout this entire process, talk about the pandemic, but just generally, with you and your life, you have one party that, democrats and joe biden saying how can we use our power to get more control over you. Then you have President Trump and republicans who are saying how can we empower you to have control over your life . The mask mandate is just one more example of democrats who are abusing their power, or the power they would like you to give them with your vote to have more government control in our lives. You just fill in the blank and apply that to every factor of our life whether a mask, health care, taxes or manufacturing jobs. David i take it well see the two quotes played against each other on a republican commercial coming up. Cassie, thank you very much. Cassie smedile from the rnc. Appreciate it. Big tech is bounce being back today and lifting markets high every after the nasdaq entered correction territory in only three sessions. To the Fitzgerald Group chief investment officer, keith fitzgerald, and Mayflower Advisors managing parter, larry glazer. Good to see you both. Keith, 10 pullback is at least in the short term is it fair to say that or is this a deadcat bounce . Too soon to tell. All the computerization, indexing, in fact make the swings bigger than the ones we grew up with. This is the new normal. I dont interpret it as a bubble popping. Welldeserved pullback, get rebalanced and get back to work. David larry, i looked at a chart, six other times when nasdaq entered correction in just three sessions, six times in history, in all but one of those cases tech bounced right back. Is it the same this time do you think . David, you make a really good point. Look the fall is a period of change for many people. The fall is seasonal volatility for financial markets. This is no exception. Youre seeing that play out. A rapid fall of Companies Like tesla, apple, only to have a sharp recovery. What s p told us this week, david, tesla is not the real economy. It is not the broad u. S. Stock market. Its a small subsection. There are many opportunities in investors. They lean over me at grocery store, larry, what do you think the tesla stock split. They dont ask me about dow chemical, walgreens, real estate trusts which are the real economy. Were so focused on one area, leaving opportunities, for mart smarter investors with longterm view, who embrace progrowth policies that is where people david keith what denines the real economy is change because of the covid virus. Stay at home stocks that have done well, versus all the manufacturing jobs died, i shouldnt say died, but at least been put on hiatus until we get a vaccine. Really so much what happens does depend on a vaccine, doesnt it, keith . Well it actually does. Depends on three reasons. Larry makes a great point, it is the real economy. The question is how do you define real . Vaccines give hope and money confidence and vaccines make investors want to come back in to grow their money. More importantly puts millions of americans hurting desperately all back to work. All of which is good for the economy. David larry, what do you think, when vaccine announces passing phase three, we heard discouraging news today, that one of the participants in a trial, i cant recall which pharmaceutical but there was one person who got sick, they have to trace that, figure out what went on there. Thats right. David once we do get clarity and these vaccines begin to get sent out to various individuals will this economy really start to take off . I think youre right. Look there is segments of this economy will be hostage to that medical treatment. We need some sort of a medical solution to get people traveling, hospitality, transportation moving, to get the economy back. That is very exciting. We know at some point there will be some solution to help us address that. More importantly many segments of this economy have been pretty resilient. They have held up very well. Businesses have been able to operate. All those other companies, ibms, the dow chemicals, all the businesses we are talking about theyre still thriving in this environment. Economic date today is improving. Jobs data is improving retail sales, auto sales, despite all the challenges the u. S. Entrepreneur has held up really well in most segments of the economy. We just need that medical solution for those remaining pieces really to come forward and thats where we will see real growth and we can embrace real Economic Prosperity for the country. David keith fitzgerald, larry glazer, you are the ateam. Really good stuff. Great to see you. Lawmakers calling into an investigation for the protest response in detroit michigan. The police chief of detroit is here to respond himself. You dont want to miss this coming right up. Im hector. Im a delivery Operations Manager in san diego, california. Weve had a ton of obstacles in finding ways to be more sustainable for a big company. 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Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. David top Police Leaders in rochester, new york, including the police chief retiring now, forced to do so following the protests there over the death of daniel prude. Fox news correspondent Aishah Hasnie is in new york city with the very latest on what is happening in rochester. Ashiah . Reporter hi, david, this announcement came just six days into these protests really stunned everyone including the mayor in rochester who was not prepared for this yesterday and who tried to reassure the public that the city is in safe hands. Listen to this. Chief singletary will remain in charge of the department through the end of the month and i know that he and the officers will fulfill their duties. We have spoken about maintaining our restraint regarding the ongoing protests and ask all involved to remain peaceful. Reporter as for why chief singletary is leaving he he released a statement, as a man inintegrity i will not sit idly by while outside people try to destroy my character. Of the daniel prude, the 41yearold man died in Police Custody after suffering a Mental Health emergency. Bodycam shows him lying naked in his street with a spit hood over his head. His death was ruled homicide but the autopsy found pcp in his system. This comes on the same day a wrongful death lawsuit estate filed against the city of rochester against the police chief and 13 other defendants. That suit alleges that chief singletary misled the mayor telling her that prude died of an apparent drug overdose, not as a result of force used by officers. Now the mayor, mayor lovely warren is not named in the lawsuit but she is also facing some immense pressure from protesters who are calling for her resignation. More to come in the next couple days. Right now, a huge blow for this city. David . David Aishah Hasnie thank you very much. Appreciate it. Now to detroit where lawmakers there are calling for an investigation into the citys protest response. Detroit, michigan,s police chief james craig says these calls, are quote, unfortunate, a repeat of a number of false claims made without verifying the facts and police chief craig joins us now. Sir, as we mentioned before, you are this one area where the issue of law and order seems to have been done right. You havent had the out of control violence that we have seen in many other u. S. Cities but now lawmakers are pointing a finger at you. Apparently they have some trouble with law and order. How do you respond . You know this is simply, david, thanks for letting me come on the show again, this is nothing more than protest pressure. So people, or some who are in Political Leadership are folding to the pressure by protesters. So it is by accident that you see the number of chiefs across the country who are leaving in large numbers. They dont feel supported. The men and women who are on the ground doing this work dont feel supported. And so it is really about this pressure. That is the bottom line. David were looking right now, chief, forgive me for interrupting, we see on the screen Police Chiefs either directly forced to reshine or indirectly so. Look at the number of black Police Chiefs who have resigned. Four out of the six are black americans. Two of whom are women. How in lords name does, do you justify Racial Justice by firing black Police Chiefs . Because that is not part of the agenda of those who are calling for Police Chiefs to resign. They called for my resignation. No different near except the one thing is notably different is that the mayor and i are in lockstep. He supports our posture in dealing with violent protesters. Those who attack our officers. He also supports that when those resist arrest, and we have to use force we do so in a measured way. And so thats the stark difference. What you see here in detroit versus many other cities. David you mentioned a key point here which is lost on the Mainstream Media in general and a lot of other people. A lot of the disturbances that we have seen use racial, not about Racial Justice, they use Racial Justice for other ends. Their ends is not, has nothing to do with Racial Justice. What it has to do with is changing the economic and social system that we have in the United States, right . Absolutely. Spot on, it has nothing to do with the ethn