melissa? melissa: all right. getting back to work. the white house releasing a new ad campaign today spearheaded by ivanka trump called, find something new. an effort to encourage and assist the millions of laid off american workers. >> i know what you're thinking. i need a job. >> well, i've been there. >> i've been there. >> but you got to keep going. >> you need the right skills. find an apprenticeship. >> you will find something new. >> you will find something new. melissa: here is james freeman who i missed so much from "the wall street journal." >> thanks, melissa. melissa: i'm so glad you're back. i know you were working on a big book. i'm so glad to have you back with us on the show because you are always a explosion of common sense which i love. i love this ad campaign. >> thanks. melissa: because i think it is true that there are a lot of people who need to retrain and find something new to do. that said, oh, my goodness, what a daunting task. you're already out of work. people are saying, guess what? you have got to retrain

melissa: i'm melissa francis. this is "after the bell." the dow dipping into the red in the final minutes of trading. the s&p up slightly. it's a new record close for the nasdaq, its 22nd of the year. that's pretty good. fox business team coverage. blake burman is at the white house of course. jackie deangelis is in the newsroom and edward lawrence is in washington. let's kick it off with blake who just interviewed the president, blake. reporter: melissa, we did indeed speak with president trump earlier this afternoon for about 12 minutes or so here at the white house. covered a host of topics with the president. first and foremost in that interview the president says he will be talking about mitch mcconnell tonight regarding next step face four relief measures and the president says he does support another round of direct payments to individuals let me start with phase four and what might potentially come later this month. another round of direct payments for individuals, do you support that at this time? >> i do support it but it has to

melissa. >> melissa: fox news alert. senator ted cruz out with a plan to hold leaders accountable if they fail to stop violence and destruction during protests. >> it ought to be real simple. if you attack a federal courthouse, the answer ought to be you're going to be arrested. you're going to be put in jail. you're going to stay in jail a long time. >> melissa: straight ahead, our next guest argues the chaos has broken the spirit of some american cities. and some scary video showing one of the new outdoor dining during the pandemic. wow. hey lily from at&t here. today, we're talking with sara. hey lily, i'm hearing a lot about 5g. should i be getting excited? depends. are you gonna want faster speeds? i will. more reliability? oh, also yes. better response times? definitely. are you gonna be making sourdough bread? oh, is that 5g related? no, just like why is everyone making sourdough now [laughs]... but yes, you're gonna want 5g. at&t is building 5g on america's best network. visit att.com to learn more. with spray mo

melissa. melissa: a mission out of this world. nassda launching the perseverance rover to mars to look for signs of past and current life on the red planet. here is astro physicist neil degrasse tyson. thanks so much for joining us. i asked my own 13-year-old quantum physicist here at home what i should ask you. so the rover is carrying 4-pound helicopter to fly on mars? do you think it is going to work. what signs of life might they find, do you >> is so a couple of things. yes, the first time we're going to attempt an airborne vehicle. it's like a drone-style helicopter on another planet. just to remind you, this is not some black box landing on mars, it's the size of an automobile, and it weighs a ton. it's clad with all manner of scientific experiments and instruments, international participation. one of them is this helicopter. it's a test of concept. can we fly on a planet that has liss than 1% -- less than 1% the atmosphere we have on earth. it's a test of concept, but it's a really cool test of concept. melissa: do you thi

how he chooses to use that in these next few months, melissa, will be very interesting. >> melissa: absolutely. we are keeping an eye on the president for you. we will have more "outnumbered" in just a moment. don't go away. ♪ ♪ ♪ ♪ ♪ the open road is open again. and wherever you're headed, choice hotels is there. book direct at choicehotels.com. ♪ - i'm szasz. at choicehotels.com. [norm] and we live in columbia, missouri. we do consulting, but we also write. [szasz] we take care of ourselves constantly; it's important. we walk three to five times a week, a couple miles at a time. - we've both been taking prevagen for a little more than 11 years now. after about 30 days of taking it, we noticed clarity that we didn't notice before. - it's still helping me. i still notice a difference. prevagen. healthier brain. better life. extra cheese, extra pepperoni right to the edge and the biggest slices in papa john's history. but it's bigger than pizza because $1 from each sale is donated to support communities. >> melissa: thank you to everyone on our couch today, and everybody at home on

melissa? melissa: promising news from uk researchers driving the market today. medical journal lancet today publishing the early trial results of astrazeneca's coronavirus vaccine. fox news's greg palkot is live in london with the details, greg? reporter: hey, melissa. we're tracking it. yes, some encouraging news about a possible vaccine for covid-19 coming from scientists here in the uk. the first human test results of the vaccine were revealed, that they have been developed by scientists at oxford university, described to us in a conference call earlier today as an important milestone with good immunological response means it could provide short and long-term immunity for this dreaded disease. important too, melissa, it is also deemed as safe with few side-effects. still based on a test of 1100 people here. now it is moving on to necessary, broader field trials involving tens of thousands of people in south africa and brazil and soon in the united states. then it needs to be made and distri

melissa. melissa: here for reaction to the president's speech and everything else today is steve moore. he is an economist at freedomworks. steve, that was vintage trump we were listening to at the top of the hour. i hope you can hear me. that was really see his sincere enthusiasm talking about building, talking about construction. he is naming a specific road that he wants to expand, i-75. you heard cheers. there is nothing you like more when you get more highway in your area, makes your traffic run a lot more smoothly. do you think we're going to see more of that type of thing? >> well, hi, melissa, good to be with you and that was a vintage donald trump speech. we remember when he ran for president in 2016 he talked about the dismal state of american infrastructure and potholes in the roads and the fact that some bridges and roads haven't been fixed for so many decades. so this is a issue that trump has promised on for four years now. we are starting to see some of these construction projec

melissa? melissa: goodness gracious. phil, thank you. david? david: choosing personal health over profit. a small business owner who relies on nearby tourism from yosemite national park to fuel his family's business, made the decision to remain closed. here is brian emory, yosemite zip line and adventure ranch owner. thanks, brian, thanks for coming in. you had to put your own health, health considerations above your own business. explain. >> with not knowing at the very beginning of the covid pandemic how things react, not having a spleen, immunosystem compromised, didn't feel like it was worth the risk at this point. david: how badly has your business been hurt by the shutdown? >> well, we're not open at all. so that is up, this time a year about a dozen jobs. it is, not only my business but this entire community and the world for example, sure. david: did you try to get a ppp loan in order to hold on to some of your employees? >> we did. there was a pp loan that was some help. in the beginn

melissa. melissa: "fox business alert." president trump expected to sign executive orders tomorrow on drug pricing. the white house saying that the president continues to explore any and all options that will deliver lower cost drugs and insuring that we have access to the most innovative vaccines and therapeutics in the world. so an executive order on drug pricing. you can expect that tomorrow. >>> meanwhile the fate of u.s.-china relations, secretary of state mike pompeo is expected to make remarks later this hour as tensions between the two countries escalate. plus baseball is back. details on how the league is adjusting to the new rules this season, coming up. rently and other money managers don't understand why. because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you high commissions, right? we don't have those.

that's what they say, melissa. >> melissa: yes, they do say that a lot. leslie, i am familiar with the polls. i also know i personally have been polled twice recently. i am very popular when it comes to polling. [laughter] because i'm not affiliated with a party, i am married, i have three children, i think i am a woman of a certain age, so i am sort of the vote people are looking for. i have a blast when they call me, and none of the information. sometimes i'm 70 voted for de blasio but is thinking about trump, sometimes it just depends. how i toyed with these folks. how good you feel about the polling? >> leslie: i feel better about it now than in 2016. although i have good memories of toy 16. it's interesting, parscale when he came on said this campaign would be the death star, talking about "star wars." i had to look that up because i'm not a big "star wars" fan, sorry. but the death star didn't turn out too well. when you look at a campaign, the campaign managers, leadership is changing. it's because your campaign is flailing. poll numbers, like you

melissa. melissa: here now is james freeman from "the wall street journal" to talk about all of this. james, first of all i love this idea, you know when chuck schumer says you think the american people are a bunch of loafers, no, they have a brain and i personally have talked to at least 15 business owners now who have said that when they called their employees to say come back, their employees said directly, i am making more money after tax being at home. so i don't want to come back. i mean there is not much confusing that message. what are your thoughts on that, james? >> yeah. you were talking at the top of the show how stocks are sliding and lawmakers are talking. there is that old saying about how, no one is safe when the legislature is in session and you have exactly described a policy failure. we cannot be encouraging people not to work. it is time to go back to work. the good news is that, this virus is turning out to be not as deadly as we feared. it looks like, i mean, taking a whi

melissa, back over to you. melissa: sparking a recovery. the fireworks industry under pressure as the pandemic weighs on what is normally of course a very busy season for them. we'll talk to a major player in the business about the path forward next when we started our business we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. they will, but with accident forgiveness allstate won't 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. ♪. connell: you know this 4th

on the left. >> melissa: jessica? >> jessica: it's a whole other segment that we have done many times about this falsehood that republicans spread, that social media is censoring conservatives. donald trump had a couple tweets that were marked because they were potentially inciting violence, and chuck woolery had his account banned because he said the coronavirus was fake. excuse me, give me a break here. the number one site is fox news. the president would be present without twitter, i'm pretty sure about that. let's move on from that. the acts are serious. i obviously it was a scam, president obama wouldn't be a bit coin guide. it is concerning. i'm not against the idea of private companies working with the federal government on this. i thought that they should, as well, when he wanted to get into the iphone of the san bernardino killer, for instance. i think we need cooperation on those fronts. >> melissa: david? >> david: i think what is missing here is the conversation about personal safety. i have 2-factor authe

melissa. melissa: i love that story. real estate brokers, they are the best entrepreneurs out there. they always think of the best way to market something. it's brilliant. sales spiking. millions of bikers are hitting the road and shops are fighting to keep up with demand. plus president trump is set to hold a news conference at the white house shortly. we're going to take you there live as soon as that begins ♪ come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ in a highly capable lexus suv at the golden opportunity sales event. lease the 2020 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer. melissa: hitting the trails, millions of americans turning to bike riding amid the pandemic, triggering shortages across the u.s. grady trimble is live at a bike shop in chicago with more on this. good for them, grady. >> reporter: it is. bike mechanics have been busy.

melissa? >> melissa: that's a lot to absorb it there. phil keating, we start requiring ethnic and social justice classes for a student to graduate. plus the spying on the campaign. did it happen? our panel is on deck just ahead. >> president trump: i understand being president very well and there is no way this could have gone out or gone down without president obama knowing thing. alike and customize your carope insurance so you only pay for what you need. almost done. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ inflammation in your eye might be to blame.ck, looks like a great day for achy, burning eyes over-the-counter eye drops typically work by lubricating your eyes and may provide temporary relief. ha! these drops probably won't touch me. xiidra works differently, targeting inflammation that can cause dry eye disease. what is that? xiidra, noooo! it can provide lasting relief. xiidra is the only fda approved treatment specifically for the signs and symptoms of dry eye di

melissa. melissa: promising results on a vaccine. executive of pharmaceutical firms updating members of congress today on their progress towards finding an effective truck for covid-19. edward lawrence is in washington with the details. edward? reporter: melissa, the market or at least the dow is up on the positive news here. we have the first company coming forward with a vaccine by october if everything goes well. astrazeneca says it will have 300 million doses of a vaccine, sourced, made, ready to be distributed in the u.s. as of october if everything goes well. moderna, pfizer hope to have a vaccine by end of 2020. the head of moderna, they will have hundreds of millions of doses. pfizer says they will have 100 million doses this year. novavax was not in the hearing but has a contract for 100 million doses of the vaccine by the end of this year. johnson & johnson says it will be ready in march of 2021 with 300 million doses. merck to have a 300 billion doses in 2021. all say that the vaccine will be safe and effective. >> the fda

melissa. melissa: all right. new york city seeing a surge in gun violence. 28 shootings reported just this past weekend, compared to five for the same period last year. here now is dr. oscar odom. he is a retired nypd detective, former first deputy sheriff commissioner. thank you so much for coming on. i mean the statistics are staggering. 600% increase in shootings over the last three days versus the same period last year. i could go on and on. we've seen this enormous surge in violence here in new york. how do we turn it around? what needs to happen? >> so many things. first of all as always i like to thank the women and men in blue of the nypd who go out there courageously fight for what is going on put their fights on the life. we have to rebuke the data, to look at the numbers to see what is going on. as you stated so much has gone up. murders over 200. shootings, over 600. shooting victims over 700. we have to do evidence-based, data driven analysis what is going on. look at everything, to see what we're do

why it didn't happen in this instance is really, melissa, the million-dollar question. >> melissa: ari, he spent a lot of time in the white house, obviously. what is your take? >> ari: always frustrated me the white house when there was a split in the intelligence agencies, because it became so hard to know but the truth was. gillian is exactly right, there can be splits, and sometimes the split is over an issue serious enough, it still should be brought to the president's attention with the caveat, "we don't know if this is true or not." if the russians are paying bounties to kill americans, the president ought to know. there's a lot depending on, literally, was it a bounty? or was that the normal two-faced russia making our life hard around the world just as we did to them when the soviets occupied afghanistan, and we gave cash and weapons to kill soviets? isn't literally a bounty or is it world affairs, wherever we deploy our military we know they are in harm's way from numerous places and we always put force protection measures in place. whether it's a bounty or whether it is just

melissa? melissa: grady, i love it. you know, you bring a smile to our faces every day, and we appreciate you coming on the show so much and bringing these stories. thank you for that and thank you to everybody out there for watching. we made it, another friday. have a fantastic weekend. connell and i will see you back here on monday. that does it for us. "lou dobbs tonight" starts now. ♪ ♪ lou: good evening, everybody. law enforcement in the city of portland is bracing once again for another night of anarchy. police in the city arrested 20 people overnight after hundreds of violent, left-wing activists took to the streets as they have for the past six weeks. the mob surrounding a police precinct. they blocked traffic, they chanted threats to burn down the building. several dozen people also gathered near the federal courthouse in portland. mob thugs assaulted federal officers. they took lasers and frozen water bottles and threw them. they attempted to tear down, we are told, the fed

: this is "outnumbered," and i'm melissa francis. here today's harris faulkner. fox business anchor, dagen mcdowell. host of "kennedy" on the fox business network, can herself. joining us today, jason chaffetz. jason, i think this is a great decision, given the footage you saw from william la jeunesse of the incoming that the federal officers were taking inside that federal courthouse, the fact that so many of them have been injured, the fact that so many of them have been nearly blinded. you know, if federal officials don't support what they are doing there on the ground, why should they be they are risking their lives? also, given the fact that so many have blamed the federal forces who are they are trying to defend the courthouse for the violence, let's have them pull out and see if it instantly ends. what if we had what have we had, 60 nights? let's see how the violence is when the feds are out. what are your thoughts? >> jason: and i very optimistic. because it will be state police from oregon, which it actually should be, as op

melissa? >> martha: thank you. martha? >> president trump: we are in the process of developing a strategy that is going to be very, very powerful. we develop as we go along, some areas of our country are doing very well and others are doing less well. it will probably get worse before it gets better, something i don't like saying about things but that's the way it is. >> martha: president trump holding his first coronavirus briefing since april, saying the situation may indeed get worse before it gets better. joe biden slammed president trump ahead of that speech saying the president has "quit" on the country. kellyanne conway's senior counselor to the president and she joins us this morning. they bit of a shift back to the briefing which we saw yesterday, it was more brief than it has been in the past, when the president took a few questions. it's not on the schedule for today. what can you expect in terms of updates from the president? >> martha, i think it was incredibly important for the p

melissa? >> melissa: they are saying it's dangerous but it's not as dangerous as canceling the russian missile defense shield, which is of course what president obama did. you could call this a hoax or you could cancel the shields and the defense and the area that were there to keep the russians in check. which do you think is more dangerous? >> i don't trust anyone. i don't trust anyone here. i don't believe them when they say the president wasn't brief briefed, these agencies have lied to us in the past. every administration, this one included has utterly failed in regards to russia. they all think that they can somehow neutralize vladimir putin's evil and use them to their advantage and every president including president obama gets played. his apathy towards georgia, the annexation of crimea, the invasion of ukraine, all of that stuff. the fact that he said the 1980s called and they want their foreign policy back, it was a very different kind of war and he wasn't paying attention to it. he

melissa. melissa: i wouldn't bet against netflix. the cdc extended cruise sailing ban through september 30th as coronavirus cases see resurgence across the country to assure the sailings resume with proper preparations. you're not setting sail on a cruise anytime soon. that is the bottom line. >>> taking protests to another level. demonstrators in portland are blocking streets in an attempt to set up a autonomous zone near the courthouse. william la jeunesse with the latest. reporter: protesters call it clatt. across from federal building. goon zero for rose city antifa and black lives matter. police tore down tents and barricades blocking traffic. after federal agents used tear gas on wednesday to clear the protesters outside of the courthouse. >> we would tell them we're not doing anything. we're being peaceful right now. think just out of nowhere just start shooting at the ground, shooting pepper rounds, throwing nine bangs flash bangs at us and a whole bunch of gas. reporter: 48 straight days protesters used two city blocks to la

melissa over to your. melissa: all right, let's head over to edward lawrence, he is in washington with the latest response from the white house. >> president donald trump right now in tampa florida, he will get a briefing on the coronavirus in preparation for the hurricane that is going to hit florida, he is juggling a lot, the white house is looking at a lot, the extension to the benefits and, the unappointed benefits in today, number $600, evictions can start tomorrow and all the white house trying to negotiate these packages, donald trump showing his frustration today listen to this. >> i tell my people, the democrats do not care about the people of our country, they don't want to do what you should be doing for the people of her country, whether it's unemployment or anything else and all they care about is the election, they're going to lose the election. >> you heard chad talk about the white house chief of staff mark meadows, he took the unusual step of showing his frustration in the white house brie

>> melissa: yeah. so, alveda, juan they are making the point that the federal forces are at least part of the problem, antagonizing and drawing people to the scene. gabriel johnson, i would redo this. a48-year-old black man, a retired marine, he's a portland resident he was at the protests last week, and he said that antifa is infiltrating protests there, telling fox news, "these people have nothing to do with black lives. our black community leaders need to stand up and lead, because of what's happening. they are leading a group of terrorists who don't represent me use me, and that is not right." do you think juan is correct in saying antifa showed up because federal forces were there? that it is drying and drying antifa into these things, even though we certainly saw this exact same thing at the wtd there were no federal forces there? what are your thoughts, alveda? >> alveda: outside agitators like antifa, in 1963. our home, the home of my dad and my mother, my dad was a pastor there, our home was b

melissa? >> thank you for that. if this is "outnumbered" and i melissa francis. here today, harris faulkner, emily compagno, and the host of "kennedy," kennedy herself and former governor mike huckabee. the governor of new york is in a free fall. the mayor has no plan. he says wear a mask, we would be better off wearing a bulletproof vest. he paints the street in front of trump tower and that is his response to what's going on right now. i say this not to be hyperbolic. i think he needs to resign. he has no plan in this city and it's in a free fall. what are your thoughts? >> is summed it up beautifully, it is out of control, there is no leadership. no adult is responsibly acting as a leader and i'm just wondering how many u-haul's can hit the exits of new york in a short period of time. if i lived there, i would get out as quickly as i could. and now it's a place that everybody would like to get out of. and why would you want to be a new york cop when you're mayor won't stand with you and he stands by as criminals put your officers in a headlock, throws things a

melissa? >> melissa: president trump covering a lot of ground in an exclusive interview with chris wallace. he talked about everything from his relationship with dr. fauci to whether he will accept the results if he loses in november. chris wallace joins us live ne next. >> bret: fox news alert. the fbi hunting for the gunman who killed the son of a federal judge, critically wounding her husband at their home in new jersey. welcome to a brand-new hour of "america's newsroom." i'm bret baier. >> melissa: and i am melissa francis. sandra smith is off today. the fbi taking the lead in an investigation amid reports the gunman was dressed in a fedex uniform. the federal judge esther salas was in the basement when her son open the front door and was reportedly shot in the heart. her husband was also shot several times before the shooter took off. laura ingle has more from new brunswick, new jersey. >> good morning. a devastating crime scene you see here behind me where the son of u.s. district judge

>> melissa: they have the same thing in common. a grieving family that has been left behind without their loved one. i would respectfully disagree with one of my colleagues, juan williams, something he said yesterday about how this is being represented as an explosion of crime across the city and that that is not accurate. in fact, it is accurate. my home police precinct, the 19th precinct, they are wonderful. crime is up in this neighborhood. it is the upper east side. this is an affluent neighborhood. it is all over the city. as i set on this show, i have a neighbor on the next block who was held up by gunpoint in his store. he was tied with hand ties and left. also on the upper west side, david, another one of our colleagues with saying in his neighborhood, an older woman was held up at knife point. it is an explosion all over the city. the local precincts can see that. you can look online and get that data. i look at it every day. it is taking up in every neighborhood. yes, it is worse in the low income neighborhoods. yes, the

melissa? >> melissa: what a sad story. laura, thank you for that. >> it's a totally upside down world. the people who'd broke into my neighborhood are all attorney has apparently decided her job as a prosecutor isn't to keep us safe from criminals but to keep the criminal say from us. it's a bizarre upside down world. i've been a little it irritated by this process until today but now i'm just flat out passed off, this has got to be outrageous. >> that man right there was a lawyer, ella mccloskey, after they confronted protesters last month outside of the home in st. louis. and thank you for your time today and good morning to you. >> good morning, bill. >> bill: i've watch this video quite a bit and i don't entirely know where the space is. it looks to me as if the protesters are on a sidewalk, and if they are on the sidewalk are they entitled to be there? the other factor on the story is that the protesters are on their way to the governor's house down the road. so with a better spatial understanding, tell us the facts i

melissa? >> melissa: it does, because biden, on tuesday, outlined and updated climate plan which aims to achieve carbon-free power sector by 2035, and invested $2 trillion to boost clean energy in the infrastructure. it comes after days after a joint task force by biden and bernie sanders set out a more ambitious approach, and biden using his time yesterday to also slam president trump on that issue. >> when donald trump thinks about climate change, the only word he can muster is "hoax." when i think about climate change, the word i think of is "jobs." good-paying, union jobs to put americans to work. >> melissa: meantime, the president also using his rose garden event to bash biden climate agenda, calling it a hard left crusade against american energy. charles, oh, my gosh, where have we heard this song before? >> charles: [laughs] >> melissa: we are going to go to clean energy and create all of these jobs, and then hillary clinton accidentally says, "and we are going to put all those coal mi

melissa? >> melissa: is tremendous to watch this. you talk about the crowds out there, you see so many people with their phones out, taking a video and wanting to remember that they were there in person, and they side with their own two eyes. that kind of tells you how important it is. i mean, it's one thing to stand there and want something go by, but in this culture i guess it is pretty common that we take pictures and we take videos, but to stand there an intern and sa, "i want to remember that i witnessed this first hand." i think the stops were such a tremendous idea, because it shows the different facets of life and the different parts of not just government but of our whole country's fabric that this life touched. when you see all the different stops, and do see an opportunity to think and reflect on how john lewis made an impact on that legacy, that group of people, that organization, it really shows you what is possible in america. i think that message, given where he started, is so i

. >> hello, melissa. we're near the lows for the day. i want to emphasize what melissa was just saying, because the outperformance is truly extraordinary. what you want to focus on is the nasdaq 100 while up 16, the nasdaq 100, which consists of the top five five, up 21% this is an unusual dispersion. we're also seeing the equal weight down, the average stock on the s&p is down 12% that's a good way to look at it. meantime the russell 2000 small cap is down 16%. to show you the outperformance, remember these numbers these are the top five these five stocks are $6 trillion in market capitalization, almost 20% not quite, but almost 20% of the s&p 500. up 65% for amazon, alphabet also up we've kept the markets in a six budget here. the first one, of course, is whether the reopening is going well or not. the stimulus, is there more on the way. treatments, but a couple others ones we've seen with movement. the trade war with china, and then the valuation issue regardless of all these other things, i'm going to add a sixth one. that's the elec

melissa: thank you, randi. it is an honor to be on a call with these strong, powerful women leaders who have been an inspiration to me. i welcome this opportunity. we have been working for months on how to safely reopen our schools with aft and other stakeholders across the nation, and ask that guidance from the federal, or even honestly, slow guidance coming from the state level, so we know it is going to take a lot of planning, preparation, a lodge of resources, so we couldn't simply sit around and wait for someone to tell us what to do. so we have been working on safe reopening plans, and we have relied heavily on the reopening plan aft put together, the checklist aft put out, which is phenomenal, which i've shared with our governor, on what safety would look like in schools. but, honestly, the past few days have terrified our members. to hear trump get up and say he wants to weaken cdc guidelines, threatening to withhold money from schools if they do remote learning. i have had numerous, numerous calls the

melissa? >> thank you, julia boorstin it almost sounds like they got the lawyers together in the room and thought what will the administration put forth in terms of antitrust arguments and addressed each thing and throw in a bit on china. >> the violin strings were streakily struck with poetry and no question they are prepared for those themes engagement will be solid the question will be margins and expenses i think that's where they're going to have to spend money we haven't seen a major deterioration. we're waiting for the smb community to also just prove how healthy they are not going into the late fall. i don't think there will be anything we hear tomorrow that will change that or will help that >> small and medium sized businesses we saw a late day slide in technology, big cap technology i'm wondering if you think it has anything to do with the hearings tomorrow. >> we have roueporting on thursy including facebook, probably 35% of the nasdaq 100, and those ceos are going to be virtually

melissa? >> all right mike's going to stick around let's bring in ryan dietrich, senior market strategist at lpl financial. ryan, you heard what mike was talking about in terms of election results, maybe not enough of the dataset in order to determine a pattern how do you think the elections factor into this year, which has been so unusual already? >> well, first off good morning thanks for having me back. like mike said, there are so many factors in there. building on what mike said, we had a 20% gain in the second quarter. only eight times since world war ii did we gain 15% think about this, the next quarter higher two quarters later every single time there is that sign, that signal that all of the strength that we've seen earlier this year, it is consistent, this sounds crazy, it's more consistent with the beginning of a new bull market, not the end of a bear market, not a bull market bounce now it's the election, right here's a wild one. we have a split congress the last ten years we had a

melissa rolfe joins us with her attorney. thank you for coming on. to you, melissa, it is so distressing to think that because this isn't north korea and we don't believe in blood guilt that a person could be fired from a job because of who that person is related to. do you think that's why equity prime mortgage fired you? >> that is my belief. i believe their timing was impeccable and i believe that was the primary motive behind my being terminated. >> tucker: had you been in trouble with them? was there any indication they were going to fire you before you received the message that said that you were terminated? >> no, i had received full support from the president and from my direct manager that my job was not in danger. i needed to be able to take care of my family and for the next six to eight weeks and not worry about it. my job would be safe and it would be waiting on me when i returned. >> tucker: exactly the time when you need a job, in the middle of a crisis like this. has anyone from equity prime mortgage called you to talk to you to expla

melissa? >> do you think we'll hear about the timing of a 5g phone launch? >> reporter: tim cook does not tip his hand to what's coming down the pike in his portfolio, melissa, like some of his peers. so i think it will be hard to get details. analysts will look for any kind of commentary about whether that annual iphone launch is on track or at least largely on track i think a lot of investors think, listen, if it was delayed by a month or two they wouldn't be too worried they might start getting worried if it meant those phones wouldn't be on shelves in time for the holidays even if they are, the big question is what will demand be like for those phones. they will soon find out. >> josh lipton on apple, thank you. guy adami, high expectations going into this quarter. we have the stock here higher on the back of this >> incredible. the one that sticks out to me, consumer services, the revenue is now 22% of their overall revenue, that's trending in the right direction. tim can speak to this, that's why they're getting the multiple they probably deserve. it's

david: melissa. melissa: well, i have don't know. jonathan, i would ask you, i would say that at least these lawmakers seemed a lot more well-versed than they normally do. they went deep down pursuing amazon on the idea they were using really aggressive tactics in order to clone products they saw on the website or have knockoffs of them. finally jeff bezos was forced to say he doesn't know anything about it but he would investigate it. doesn't know what story they're talking about, but that would never be a acceptable practice to have knockoffs on there unless a company agrees to go invest millions of dollars in advertising with the site. it did seem like they were better prepared than usual. they went into the detail on facebook and, and this idea that you know when they're going to acquire a company, they say well we can clone you or acquire you and we have the documents here and emails to back up what we're saying. i'm paraphrasing, but what was your impression of their level of knowledge? >> i said it was lacking and pretty embar

first do you melissa. it's so distressing to think because this isn't north korea and we don't believe in blood guilt, that a person could be fired from a job because that person is related to you. do you think that's why equity prime mortgage fired you? >> that is the belief. i believe that was a primary motive behind my being terminated. >> tucker: was there any indication that they were going to fire you before you said the message to received the message that you were terminated? >> i heard from my direct manager that my job was not in danger and i needed to be able to take care of my family and through the next 6-8 weeks and not worry about it, my job would be safe and it would be waiting on me when i returned. >> tucker: exec with the time when of course you need a job. at any time has equity prime mortgage called to talk to you and explain why they fired you? >> no. i have not heard from anybody since i was terminated. >> tucker: where does that leave you without a job right now? >> financially it's

we need to do this melissa? >> wells fargo a miss in both the top and bottom line. bigger than expected loss. 66 cents a share analysts have been expecting a loss of 20 cents a share revenues coming in at 27.8 billion. the estimate was 18.4 billion. as far as non-interest income, that came in at 8 billion and what was expected was but we do see wells down by about 4.4% the big headline that we're still waiting is what are they going to do with the dividend. it is widely expected they will cut it in half we're still awaiting news on the dividend again, though, wells fargo bigger than expected loss and also a miss on the revenue line. joe. >> great, melissa. thanks okay back tole a lis so-- to allison. let's say people lost their job. who knows how lock it will take. what actually happens? people will say, give it to me then you pay taxes, fees, a lot of it goes away and you're not saving it anymore. what would happen? would it stay with the previous company while you're looking for a job for the next three, four,

melissa who, frankly, melissa cropper, as you all know, works with governor to wine, the republican governor of ohio. he went to the teachers very early on to say what's going on? what do you need, things like that. melissa was one of the first people to write me a seven-page document saying is all the issues that we see and what we need and she's going to focus on safety, what teachers and studentsom need, regional accommodations at the health tools which is really been thinking about for several months, mostly by the way not just the president of the ohio federation of teachers, , she ao serves as secretary-treasurer of the ohio afl-cio. melissa. >> thank you, randi pickett really is an honor to be on a call with three strong powerful women leaders who have all been inspiration to me so i welcome this opportunity. as you indicated we've been working for months on how to save the reopen our schools at aft and other date bent across the nation in absence of guidance from a federal even quite honestly slow guidance coming from a state level, we knew it's going to take a lot of planning, a lot

>>> welcome back i'm melissa lee. tyler will join us in a moment we're near the session highs the dow up more than 500 points. the nasdaq hitting a record high again as big tech koptss to power this market higher speaking of being on the fast track, tesla is on fire. shares jumping again today another electric vehicle company about to hit the market. "power lunch" starts right now >> hi, everybody hello, melissa it's great to be with you, sort of, here back in the kitchen the s&p at its highest level in about a months time. you have amazon, you have apple, you've got alphabet. aaa right there. facebook and netflix as earning season kicks off this week the big banks starting tomorrow. let's get to bob for more. >> a little bit of a milestone just about 40 minutes or so ago. we turned positive for the year on the s&p 500 i know it's hard to believe we started the year on the s&p about 3231 we're a bit below that we did hit it about 40 minutes ago. we positive for the year the low for the year, 2191 that was on march 23r

has a question melissa? >> gordon, what makes the difference in a way? the company ended the quarter with $8.6 billion in cash and cash equivalents >> that's a great question think about this, right? if you look at bev, battery electric vehicles, from 2011 to 2019, the share in the u.s. went from .3% to 1.4% light truck sales went from 50% to 70% the disruptive technology looks to be light trucks. they did more deliveries than they did in the second quarter despite a new factory model wise when people start to see the growth is slowing, we think it's a real problem but then it's going to become very evident in the third and fourth quarter we think the credit revenue is confusing people they're guiding that down. in 2021 we think it drops off. just on a net income basis but on a free cash flow basis. >> gordon, what did you make of the interview with maureen dowd, elon musk and grimes together and then some of these tweets? does that factor into your bear case >> not at all. elon musk is a very eccentric guy.

meliss melissa? >> julia, stay with us bring in michael nathanson from moffitt nathanson for more great to have you with us. your note in may that i've got, fast forward to fiscal year 2022 you're looking way past all of this is that just because the them park reopening is going to be so spotty, hard to judge? >> yeah. the pandemic and the time for it to improve and secondly just the economic cycle typically when the economy goes down and the economy is high the parks tend to suffer it's a combination of both, right? it's not one or the other. >> at the same time a lot of the streamers are getting the benefit of this market, people being at home and disney+ falls into that bucket although you and others have made the argument for so long that disney+ is a company that disney has to spend money on and it won't add too much to the bottom line, at least initially how much credit should we give in disney's valuation to that right now given the headwinds of the parks? >> yeah. that's the essential questio

melissa? >>> coming up, american airlines ceo doug parker will join us he had a busy morning on "squawk box. the futures are pointing to a higher open. a lot of earnings. stay tuned you're watching "squawk box." >>> time now for today's aflac trivia question. what u.s. city has the most starbucks locations? the answer when cnbc "squawk box" continues and this is the aflac duck who helped me cover it. aflac. these are all the cab rides to my physical therapy. and aflac paid me directly to help. aflac. what he said. and this unexpected bill is from... the two-thousand-dollar specialist. thanks. aflac. when you're sick or injured, aflac is there. we can help with expenses health insurance doesn't cover. get to know us at aflac.com >>> now the answer to today's aflac trivia question. what u.s. city has the most starbucklotis?s caon the answer, new york city with 230. >>> american airlines reporting results about 30 minutes ago lets he a get right to phil lebeau. >> reporter: let's bring in doug pa

melissa, great to have you. we would love to hear your high level takeaway from amazon's notlts, a company we have seen big profits from, despite the money they make. what is your take? yeah, it is pretty insane. it was their largest quarterly profit in their history. i was surprised. prioritizedit, they essentials, hand sanitizer, toilet paper, the grocery business grew. they sold a lot of stuff. on the call yesterday, they said it came from a reduction in marketing, so they did stop spending on google search for 12 and other things. business grew faster than the other business, and it is much more profitable for amazon. aws, of course, is very profitable as well. the other bucket, usually advertising, that group 41%, in-line with the advertising data we are seeing from our clients as well. dip,w that take a little either in april or may, depending on where clients were in their lifecycle inventory, but it was driven by inventory out of stock and a dip in advertising, and continued growth from there. they: i wa

. >> melissa: the president tweeting the russia bounty story is another made up by fake news tail that is told only to damage me and the republican party. the secret source probably does not even exist just like the story itself.

. >> melissa: is what he had to

melissa? >>> let's get market reaction to this breaking news on china. futures moved lower when that news broke earlier this morning. joining us now paul hickey, and mike santoli is here as well mike, i'll start off with you. it feels we get this drip, drip, drip of tit-for-tat back and forth with china we have indictment of two hackers stealing information on coronavirus research it links hackers to a foreign government the market reaction is pretty muted. >> it is the market kind of looks at the headlines and there's a reflex reaction, okay, we weren't prepared to have another round of aggression even if it is theatrical reaction. it doesn't translate into something the market needs to price right now. we came in today with this assumption we have this flourishing global growth picture and trade floss are a big part of the growth story at this point so i think it's a little bit or maybe excuse as we get to the top of this trading to pull back a little bit or maybe reorient towards other name