On the weekend here, and indications are right now he wants to move fast on this to get the economic bang for the bu ck sooner again rather than later. What a busy weekend to start things off welcome everybody im neil cavuto. I literally got here the seconds to spare because i was swimming the hudson with pete, and i know the suits a little wet, but i wasnt swimming with pete. I could never get within a mile of that but god bless him. All right lets get the latest on where we stand on this with Mark Meredith not on the swimming in the hudson but the president and his plans to issue these executive orders. Mark what do you think . Neil good morning to you. I would make it in the hudson either. What we are looking at though is happening is President Trump will be signing some executive orders today, Senior Administration officials telling fox news they will address a number of the issues that the white house and congress have been fighting on all week when it came to the next economic stimulus package and there has been a back and forth with congress over how long to extend the unhansed Unemployment Insurance thats that 600 a week that expired last week on top of state benefits well now were waiting to see how the president may decide to go ahead and address this issue head on a number of executive orders could be signed a little bit later on today were still waiting to see the language of these executive orders to see how the white house hopes to be able to get this through but well continue to stay tuned for that. Last night President Trump held an impromptu News Conference at his golf club not too far away from where we are where he talked about the stalemate going on between the white house and congress, all week long. The president hinted very strong ly that these executive orders were coming here is what he had to say last night. President trump i will act under my authority as president to get americans the relief they need and what were talking about is deferring the payroll tax for a period of months until the end of the year and i could extend it at a certain period, hopefully i will be here to do the job. While the president admits the economy does need a boost he is also optimistic the economy is bouncing barbara bush being from its pandemic lows. We got new data from the Labor Department on friday neil giving us indications of where things stand. The july jobs report showing employers were able to add 1. 7 million new jobs bringing the Unemployment Rate down to 10. 2 but of course that remains above doubledigits. The president also in his News Conference last night indicating the u. S. Is providing much needed humanitarian assistance to the people in lebanon after that horrible explosion earlier this creek and the president getting a chance to speak with the french president by phone and plans to do additional phone calls with World Leaders tomorrow but neil the big headline were watching from new jersey later today President Trump will be signing some executive orders tied to boosting the economy after those negotiations between the white house and congress have broken down all week long you could bet congress is going to have plenty to say about that later on today once we know what actually those executive orders are, neil . Neil im sure we will, Mark Meredith thank you very much, with the president in new jersey in the meantime, the effect of all of this is that the president was growing frustrated with the slow pace of the negotiations. Theyve had 10 meetings at his Top Republican and democratic players, and nothing came of them. They narrowed the gap by about 1 trillion but in the end the president was frustrated they werent making much progress and this was going to delay stimulus if we even had stimulus and despite the improvement in the jobs report, that mark touched on and the fact that some republicans think maybe we dont need the stimulus after all certainly as much of it the president seem s to think otherwise and that they should get out and this is sooner the better. Lets raise it with francis newton, the capital director of strategy, also dan geltrude, who is the cpa and a Market Analysis so hes an accountant by training and dan, thats why i want to begin with you here. The devils in the details of course and on the payroll tax cut holiday, much depends on whether its for everyone, whether steve moore recommended and we have him the next hour it be for just the 75,000 and under individuals, 150,000 for couples what is your sense, what would bring the most bang for the buck . Well we dont exactly know what the president is going to do here but if i had to guess, he is going to take a complete holiday acrosstheboard on this and the numbers are significant. Lets think about this. When you combine the payroll taxes for both the employee and the employer, were talking about 15. 3 , because thats split in half, 7. 65 each for the employee and the employers, so were talking about real savings and real dollars going into peoples pockets so i think thats a real incentive for employers to get those employees back to work and think about if youre self employed, youre the business owner. Youre saving the full 15 so like i said i think it be a great move; however he does not have support acrosstheboard certainly not from the democrats and he even got pushed back from the republicans so thats going to be a tough one. Neil yeah it would have to be a temporary measure if done by executive action nevertheless he could unwind that and lift it some months down the road. Theres so much we dont know well find out later today but francis is it your sense a payroll tax cut for example, is immediate. It wouldnt be one that youd have to wait for. People would see it instantaneously in their next paycheck, but the flip side of that is that hes got to help out or wants to help out those who dont have a job or a paycheck where they could benefit from that, plus his other push now then to extend the Unemployment Benefits were told at the full 600 a week level. Well see later on today but what are your thoughts on all of this . So my thoughts are that the extending the Unemployment Insurance is very important because statistically we have no idea who is being kept from getting a job because of that and who is actually suffering and its kind of interesting that the moratorium on evictions has occurred at the same time that youve had that Unemployment Insurance expire and we dont know how many people could get evicted for not having that 600 a week so while there are some that probably arent getting a job, theres no way of measuring that and so you have to do it to sure up the people paying rent with that 600 a week but i also agree with the payroll tax cut and the reason is that were nearing 20 of u. S. Companies going into zombie status, meaning that they make less in profit than they have to service in debt and those companies, even if they took some of the paycheck protection act money, they could end up failing and filing for bankruptcy and we have a number of corporate bankruptcies in the u. S. And this puts further pressure on an already dire Employment Situation. Now the Employment Situation by yesterdays numbers does look like its improving but its too soon to tell. It doesnt include the last week of july, which is when the shutdowns kind of regained some momentum so we just dont know how many people are out there suffering. Yes well have to deal with national debt, yes well have to deal with deficits but its more important right now that we dont let anyone get evicted because of the Unemployment Insurance expiring and with all of the political posturing going on because of the Election Year its just people are more important than politics so im glad the president is stepping into this. Neil all right guys i want to thank you both. Well be monitoring this again later today we have this understanding the president will be addressing all these issues the unemployment benefit extension looking at trying to get rid of that moratorium that is set to expire right now, you cant pay your rent youre kicked out of your home he doesnt want to see that happen this payroll tax holiday that could include all americans not just those limited income, and then the student relief, Student Loan Relief extension. This could cost a lot but the president right now has not and were told has not put any dollar figure attached to any of this just that its going to happen and its going to happen because he said that congress couldnt move fast enough to make it happen, so well monitor these developments. Also monitor how the markets dont seem to care one way or the other about all the federal spending in fact it likes the federal spending and it likes the notion that its still more stimulus to the economy. Well explore that in a bit and as i mentioned, we see more a visionary of the payroll tax cut and the implications of that and the immediate bang for the buck that you get but first i wanted to draw your attention to something happening half way across the world, some disturb ing destruction from the explosion and now the protests that have ensued. People are angry. Theyre finding out what the government knew and didnt do anything about it, it literally was sitting on a powder keg and now theyre the ones who are explodeing. Memory, focus, accuracy, learning, and concentration. Try our new gummies for 30 days and see the difference. Neil well, these should be the week we dont exactly know when but joe biden announces his runningmate. It is presumably down to two women, but again that could change as well. We could be getting some Different Things here but lets get the read from peter doocy, what are you hearing . Reporter neil, good morning. Were hearing a lot more about the way joe biden has been meeting with the women who are on his vp short list, because overnight, we found out that michigan governor Gretchen Whitm er flew last sunday from lansing to the delaware Coastal Airport according to the Associated Press that airport is only about 20 miles away from bidens house and she was reportedly only on the ground for about three hours , so as we start to read the tea leaves see this two nights before that unannounced meeting where she spoke glowingly about biden. I am incredibly confident that with joe biden in the white house, were going to have a leader who is going to stay tethered to the things that the quality of life. Reporter weve got vp biden making another unannounced trip yesterday in wilmington delaware where he rolled up to an event center about 20 minutes from his house and the campaign remains tightlipped about what exactly he was doing there for two and a half hours although two things he still needs a runningmate and a place to speak when he accepts the partys nomination in delaware to close out a Convention Fox News confirmed will focus heavily on video storytelling two hours a night, four nights in a row with stories from Hillary Clinton, bill clinton, bernie sanders, and john kasich ic, the former governor of ohio, a republican, and so far, as we know, joe biden does not have any events on his schedule for today. Neil . Neil all right, peter doocy, thank you very very much so poll s are snapshots in time and right now for the president they look problematic but keep in mind theyre roughly the same national gap he had going with Hillary Clinton four years ago but many likened what he is dealing with the president chief executive with what george bush surfing was dealing with iran ic ily an economy coming out but too little too late to help george bush senior back then in 1992 could the spring of good news including strong employment reports three of them back to back to back, is that going to register too late to help them at the polls . Lets go to karl rove a best selling author and former chief advisor to the president of the United States, of course george bush seniors son george w. Bush. Carl let me ask you about that. Its now, you know, urban legend of course that george bush sr. Was hit by a slow down in the economy but the recovery was happening ironically as people were going to the polls they just realized it too late. Does this president risk the same right now . Well he does, but hes living in a much different time and we frankly dont know, because my sense is people understand coronavirus has uprooted and up ended so many things starting with their economic lives and so theyre looking for good news, and the question is whether any good news that they see like the recent jobs report, and any improvement in their personal lives is going to have an impact on the November Ballot and my gut tells me that were in an environment in which people are going to be making their decisions about the economy later than sooner, and theyre going to be dominated by how they feel about the coronavirus, so my sense is after labor day and schools start coming back in force, or not, people are going to be making a judgment, so before it used to be sort of that you got the economic cake baked in and sort of july, august, september, my sense is its going to be a little bit later this time around. Neil im old enough to remember as are you in 1992 and what was going on in the economy some of the improvement that occurred in the number that we saw after the election, some of these numbers were seeing including whats happening on the employment front, are occur ring months before the election, leaving aside the markets that have come back from their lows, home prices are surging up 4. 1 of the latest month, mortgage demand is at an alltime high, Mortgage Rates at an alltime low, car sales are jumping, online buying is jumping, factory orders are jumping, this is all happening like now, and im wondering, i know that old market law is that its how people are feeling in late summer, early fall, thats reflected in the voting, but how different is it now in that respect . Well again we dont know but my gut tells me its a little bit later than in the past. If we were late summer early fall it might be early fall and sort of a little bit later into the fall before people make those kind of judgments. The one advantage the president has on this is in virtually every poll, people seem to sit to view him as more effective in helping the economy recover from the pandemic than they do joe biden, and i think thats another hidden strength for the president. The question is how can he build on that and how can he contrast himself in a way that sticks with the American People that hes better than joe biden when it comes to bringing back the prosperity that we had in 2019 or the early part of this year and thats going to be a test for the Trump Campaign. The biden campaign, you could see that theyre trying to prepare for this by focusing so strongly on the coronavirus and blaming the president for in action, hoping that that somehow will begin to wear away at his advantage on the economic issue so each side has its own strategy. Well see how they execute. Neil yeah the executive action the president is reportedly set to take today because hes frustrated that Congress Working with his Top White House aids has not been able to come up with a stimulus package of their own, he is poised right now to cut the payroll tax. We dont know whether that will be for everybody or just some, wants to extend the jobless benefits were getting increasing word itll be the full 600 a week so hes not counting the moneys on this but he wants it done like right away can he do that . By executive action, can he do that . Well theres a question as to whether or not he can extend the 600 additional benefit unemployment benefit, and there will also be a question of whether or not he can declare a payroll tax holiday. It will affect people who have got a job already and are back at work its not going to do anything for the people who are not at work unless their employer says that 15 dont need to pay for next two or three months or four months or five months thats good enough for me to call back to work some of my workers. The real key is going to be how does this stimulate the economy, do more people feel better about than their personal financial circumstances, as a result of this , and does it give people who are not back at work a sense of you know what . I can be back at work soon enough and we dont know how thatll all play out but the president taking action, even if you dont necessarily agree with the action is nonetheless a president taking action, and thats powerful. One of the reasons why president s tend to get reelected is they have the biggest mega phone and lever of control over over the levers of power and the president by exercising this is saying in essence to the American People the democrats in congress didnt sit down at the table and negotiate a bill that i cosign so im taking every available action i can and if you dont think its good enough you got to blame the democrats who blocked my ability to get something bigger done. Neil karl rove well see what the president has instore a little later today on those employers who pick up half that payroll tax cost, the issue could become whether they feel free to pass that along to workers if its only temporary because they dont want to be saddled with that burden and have to pay it back later on so well see. Were still focusing on these protests going on, and people are furious not over the 154 died, the 5,000 who were injured and the 300,000 left homeless but that the government knew that this was a powder keg and did nothing about it. Theyre getting wind of the detail and they dont like it one bit. neighbor whatcha working on. burke just an app. Its called signal from farmers, and it could save