tv After the Bell FOX Business March 10, 2020 4:00pm-5:00pm EDT
4:00 pm
maybe this will be in the rear-view mirror. [closing bell rings] for the health of america's sake and rest of the world. markets rallying into the close. hitting session highs. 1151 point gain for the dow. s&p up 132. connell: that is what we call a snapback rally. melissa: wow. connell: stocks surging on wall street especially five minutes of trade. all averages ending firmly in the green. we snap a three-day losing streak. on hopes of stimulus to combat the coronavirus which we'll talk plenty about. the dow up 1100 points. 1164 to the upside, nearly 5% after yesterday, the worst day for stocks since '08. it is only tuesday. melissa: is it really? connell: i believe so. melissa: i'm exhausted. connell: i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." the nasdaq and s&p 500 also ending in positive territory. both ening up 4%.
4:01 pm
any minute now vice president mike pence is holding a coronavirus task force meeting at the white house. as number of confirmed cases continues to rise across the globe. with at least 73cases right here -- 738 cases here in the u.s. we'll bring you any headlines from the meeting this hour. fox business team coverage. blake burman live at the white house. deirdre bolton is on the floor of the new york stock exchange. phil flynn is watching the action in oil at the cme. edward lawrence is on capitol hill. deirdre, we'll kick it off with you. >> 1100 points on the dow is worth something. what a crazy volatile day. we closed at highs of the session which always makes people feel good especially in light of what happened yesterday. this idea president trump is considering or launched the idea in a meeting this afternoon of zero payroll tax cut for the rest of this year. certainly giving us a added boost to the markets if you
4:02 pm
like. as far as the groups that really supported the markets the most, you had consumer, some consumer names, financials and tech. i will remind you yesterday financials is one of the biggest declining, weights if you-like on markets. concern about cheaper oil and what it meant for shale oil producers and banks that finance them. today a little bit of a relief rally especially for tech and financials. i want to mention quickly the airline sectors because of course we have been following this in the context of the coronavirus. more than a few companies have cut capacity. american is one. delta is another. delta actually saying it is putting in place a hiring freeze. also as i mentioned cutting capacity both domestically and internationally. they're doing something called fogging. what this is, this is process, they go in like a super clean inside of the plane. they say obviously their own
4:03 pm
staff health is utmost importance as are the people flying in the planes. those capacity cuts match what we heard from united and jetblue last week. back to you. melissa: against, why don't we do fogging all the time, more cleaning procedures, would be awesome to be permanent. deirdre, thank you. connell: the other thing we saw today in this market rally was a bounce-back in oil in addition to the bounceback in stocks. in the floor session up more than 10%. phil flynn has all details. boy, what a couple days for you. what about today, phil? >> it has been crazy today. tell you what, today a big comeback with the stock market. still growing concerns about this saudi arabian-opec price war with russia. seems like saudi arabia was digging their heels in. russia seemed to be as well but then of course president trump of course got on the phone with the crown prince of saudi arabia, said, what the heck are you doing? that threat in of itself was enough to give oil price as bit
4:04 pm
of a boost. even russia said they will talk to their oil companies about renewing the relationship with russia. that may be at some point they can try to put together some kind of a deal to put away some oversupply in the market. we'll have to wait and see. but the other thing the weight on oil might have been up higher in fact that the dollar is on fire. euro currency, yen, look at all other currencies. the dollar is on fire with the stimulus today. when the dollar is on fire, didn't help the gold market. gold broke the winning streak of up days because of that strong dollar. crazy day, ready for more tomorrow. connell: get some sleep. phil flynn in chicago. melissa: today's market panel. gary kaltbaum with kaltbaum capital management president and liz peek, foxnews.com columnist. they are both fox news contributors and, liz, i want to start with you. there is what the saudis and the russians for that matter say they're doing and then there is what they actually do. i for one will be very
4:05 pm
interested to hear from some of their customers as to how much they're selling, what they were selling it for and same on russia's end. do you have any thoughts of these guys talking tough when push comes to shove? they need to the revenue. >> that is the thing, both governments really need the oil revenue and prices higher than what it ended up yesterday. i suspect the saudis had no idea, mbs had no idea the plummet in oil prices would take it toe such an extreme level. that really benefits nobody. both governments have promises they made to their populations about higher retirement pay. about higher pay for teachers, all kinds of things. even those countries have obligations. with oil prices plummeting down into below 30 briefly, that just was not going to be a good thing. if i had a penny for every saudi oil price war i witnessed i would be a rich person. this goes on all the time. this one was more abrupt and
4:06 pm
seemingly irrational than most but i can't help but think they're talking indeed to their oil companies and getting a pretty stern lecture on the economics of that. melissa: gary, one thing i saw before the market opened, lloyd blankfein, former ceo of, bounceback will come quicker than you think once the illness subside because the underlying fundamental economy was a lot longer. that is something the president is saying but potentially from a political point of view. this is somebody who is a democrat, who lived through the last financial crisis. what do you think about him weighing in. >> all i can tell you before the virus employment figures were fine, gdp was fine but what i think the virus has done, it opened up a can much you know what, that there is still too much leverage in the system brought on by a lot of easy money throughout the years by the central banks and i think
4:07 pm
part of this drop has been them and all that leverage. but as far as the economy, i've been in the camp we're strong. i have had zero complaint bit. i thought we were accelerating into january and february but i must tell you this virus and all the cancellations on a daily basis and what happens in new rochelle today and news from italy and israel shutting down basically tourists coming in, that affects psyche and we got to get this baby cured sooner rather than later. melissa: myself checked prices to both regions at end of the summer. that is another -- connell: people getting deals out all the rest. what to do about it now, to gary's point there are real economic consequences. the debate in washington what kind of stimulus, all that kind of thing, president trump paid a visit to capitol hill. the word was he was trying to work on some sort of stimulus package. back at the white house, blake burman with details what we're learning about that. blake?
4:08 pm
reporter: president trump and the white house are trying to figure out exactly what these economic stimulus measures could look like as a response to the coronavirus. to that end the president left the white house, went up to capitol hill, had lunch today with republican senators. so far the president and the treasury secretary mentioned a broad range of potential options for a package including a payroll tax cut, more on that in a second, small business loans, paid leave, deferred tax payments and help for the airlines, the cruise lines and the hotel industries. now fox was told at that meeting today up on the hill the president floated the idea of bringing the payroll tax down to zero. both for the employers and for the employees as well. we are also told that here at inside of the white house that some advisors, some within the white house are embracing the idea of maybe extending a payroll tax cut all the way out to the end of the year. after that meeting with senate republicans the president went before the cameras and tried to
4:09 pm
provide this reassurance. >> be calm. it is really working out. a lot of good things are going to happen. the consumer ready. the consumer is so powerful in our country what we've done with tax cuts and regulation cuts and all of those things. the consumer has never been in a better position than they are right now. reporter: after the lunch as well treasury secretary steve mnuchin met with the house speaker nancy pelosi. while the white house feels it can enact some measures on its own, some of its possible wish-list including a payroll tax cut would eventually have to run through the democratic-controlled house. >> we're going to work together on a bipartisan basis to figure out how we can get things done quickly that are going to help the americans most impacted on this, small and medium-sized businesses that are impacted. reporter: negative insurance underway? >> i wouldn't say it is negotiations. we're having discusses about various different policies.
4:10 pm
reporter: so far no specifics what this package could look like. no timeline either. when we ran into mnuchin in the west wing today he said we'll update you late they are afternoon. when you talk about the idea of the president pitching payroll tax cuts down to zero for both employers around employees, keep in mind the projections coming out of this white house this year is that payroll tax cuts would, payroll taxes would bring in $1.3 trillion. they are already projecting a 1 trillion-dollar deficit for this year, fiscal year 2021. you wonder how the numbers would add up? connell: might be a tall order on capitol hill. we'll talk about that thank you, blake burman at white house. melissa: i don't know that is our money they're keeping. anyway, edward lawrence on capitol hill how lawmakers are reacting to proposals less money for them to spend like drunken sailors. reporter: very interesting reactions. mixed reactions from capitol hill.
4:11 pm
senate majority leader mitch mcconnell said after that meeting with the president that is when the treasury secretary weren't to the house speaker nancy pelosi's office because he wanted to know exactly what kinds of things that blake's described could actually get passed through the house. listen. >> we're hoping that he and the speaker can pull this together so we end up not playing partisan games at a time which seems to me to cry out for bipartisan, bicameral agreement. reporter: it was in the lunch where senator lindsey graham said a number of those ideas were thrown out including bringing payroll tax down to zero, basically eliminating it for a party, something graham says he may not be able to support. >> i don't know if a payroll tax cut is the right stimulus with you we, you really have to keep the economy from being locked down when it comes to travel. all those jobs associated with the travel industry i think most at risk. sew stablize the economy and contain the virus.
4:12 pm
reporter: graham says that, graham says he let the president know any stimulus should be targeted through this, some companies like purell are probably doing pretty well but the airline industry, cruise industry not doing as well. democrats saying basically no to the payroll tax because this isn't a political issue. it should not being extended through elections there. that is when senator chuck schumer said. melissa: don't want to let people keep their own money. that is terrible thing to do. connell: quick analysis from gary or liz. either, or, or both on targeted stimulus, payroll tax cut, maybe eliminating it for the rest of the year? go ahead. >> i will dunk a basketball before democratic house puts out any tax cuts. best way i could put it. connell: 3 off? >> how do i put this? i was against tarp but i do know points at time there were some issues. i was looking over a bunch much
4:13 pm
oil companies today where stocks have gone down. we're talking big oil companies. $20 down to 25 cents on the verge of bankruptcy. if something is not done all heck could possibly break loose. so i get that. i get the largess may have to be given if this virus continues with the cruise lines and airlines. these are travel companies that are muy important. i get it. i'm not sure any of this other stuff will pass. why? two words, election year. this is a big, big, big election as we move forward. connell: do you agree liz, real quick? >> yes, i do. by the way i they have also today we saw the markets respond to the fact in south korea and china the number of cases is going down. it does look like there is a life cycle to this thing. connell: turn the tide, turn the corner. >> yes. connell: xi xinping showing up in wuhan. >> yes. connell: thank you as always, gary and liz. good luck on the dung, gary.
4:14 pm
>> thanks. -- dunk. melissa: we mentioned at the beginning that was a big deal. turn around case, you believe the numbers, see in china went from 80,000 cases to just under 18,000 is what they were reporting as of this morning. so that's a big turn. connell: it was painful time. a number of people, thousands of people died in china because of the coronavirus. using that as a model and a timetable for how you handle it, and how you turn and get through it, maybe people looking -- melissa: helping us know what to expect. connell: true. melissa: first-hand account. we'll talk to one patient about his recovery efforts and ongoing battle after being diagnosed with coronavirus. connell: plus cutting dependency on china. the virus is raising some new concerns about drug shortages in the u.s. details on that later in the hour. melissa: taking legal action at sea. one couple still aboard a quarantined cruise ship is suing the company for negligence. should other passengers follow
4:15 pm
suit? we are breaking down the case this hour. ♪. on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ all we needed somebody to lean on ♪ ♪ ♪ ♪ all we need is someone to lean on ♪ their medicare options...ere people go to learn about before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything.
4:16 pm
only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised to learn that one. a medicare supplement plan helps pay for some of what medicare doesn't. that could help cut down on those out-of-your-pocket medical costs. call unitedhealthcare insurance company today... to request this free, and very helpful, decision guide. and learn about the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. this type of plan lets you say "yes" to any doctor or hospital that accepts medicare patients. there are no networks or referrals to worry about. do you accept medicare patients? i sure do! see? you're able to stick with him. like to travel? this kind of plan goes with you anywhere you travel in the country. so go ahead, spend winter somewhere warm.
4:17 pm
if you're turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. thumbs up to that! remember, the time to prepare is before you go on medicare! don't wait. get started today. call unitedhealthcare and ask for your free decision guide. learn more about aarp medicare supplement plan options and rates to fit your needs oh, and happy birthday... or retirement... in advance. the end might not be as happy as ayou think.end. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke! but the good news is you can rewrite your ending and get
4:18 pm
screened for stroke and cardiovascular disease. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. we use ultrasound technology to literally look inside your arteries for plaque that builds up as you age- and increases your risk for stroke and heart disease. so if you're over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149-an over 50% savings. read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more. >> we just had a meeting over stimulus. you will be hearing about it soon but it was a great meeting. there is great unity within the republican party. melissa: president trump
4:19 pm
sounding oaf about a stimulus package to deal with the effects of coronavirus getting through congress though there is some skepticism about a payroll tax cut being a part of that package coming from inside of the trump administration. treasury secretary steve mnuchin and economic advisor larry kudlow signaling a payroll tax might not cut, might not be the right kind of relief right now. here is james freeman from the "wall street journal." he is also a fox news contributor. when they say stimulus package, that could mean anything. that is gobbledygook. you could put anything you want there. interesting to me all of sudden people were screaming about the deficit, when i thought they forget about the word. keeping your own money giving it to them to spend like drunken soldiers they're nor worried about the deficit. what do you think? >> spending is making a comeback, if it was ever around washington. melissa: thank nah.
4:20 pm
>> i don't know what you get from a payroll tax cut. it is obviously meant to be temporary. for someone who remains employed that is the reason they're not spending. melissa: wait, james. let me stop you right there. why is it a bad idea though? letting people keep more of their money, i never met a tax cut i didn't like. letting people keep more of their own money, it makes sense. >> these, the payroll taxes are theoretically paying for our social security and medicare if its ever there when we arrive at that age but, i think, i wish instead of talking about how do we cushion the economic blow of various measures to combat coronavirus, the president would set his economic team at work first, getting some basic cost benefit analysis of those measures against the virus. we've seen italy locking down the whole country now. one of the economic effects of this they may have to have a
4:21 pm
debt moratorium. all debts on the country. and the political leadership there saying they have been squeezing banks to make this happen or, forget the verb they used the banks are coming along. as you know the italian banking system is not one you would pick if you want to put under pressure to deliver some stimulus. so i just think before we get to all of the goodies that members of congress will want to throw into a billet's make sure we're doing the most cost effective response that helps people but doesn't destroy the economy in the process. melissa: that is what we're worried about. people react. and if there is abundance of caution and too much caution this damages the economy. i like the idea of them collecting fewers taxes rather than opening up the fire hose and spraying the economy with money like shovel-ready jobs we know why neither shovel or ready but all the money disappears
4:22 pm
anyway. we don't want that so couldn't a tax cut, tax incentive some type be better, tax moratorium, something? >> well, perhaps but as you said at the top it seems pretty unlikely. you look at history that the democratic house is going to say, oh, a tax cut and nothing else in this package? great. i think you can expect a lot of spending that will go along with this. so net-net, probably not really a savings for taxpayers. melissa: all right, james, thank you. very depressing. you know whatever. >> sorry. connell: presidential politics, 352 delegates up for grabs tonight. michigan, one ever six states voting. we have a news alert out of the campaign. jeff flock joins us. he is in the all-important mccomb county in michigan, just seeing bernie sanders canceled an event for someplace else tonight? reporter: coronavirus, connell, absolutely. coronavirus now impacting the campaign directly.
4:23 pm
just from the sanders campaign out of concern for the public health and safety we're canceling tonight's rally in cleveland. this is the sanders campaign. we're heeding public warnings from ohio state officials who communicated concern about holding large indoor events during the outbreak. senator sanders going forward evaluate each event on a case-by-case basis. so here you go. the campaign was still on today though i should say in michigan. that was, former vice president biden who is out today, even on the day of the election, here in michigan, campaigning at a fiat chrysler plant. interesting, you know, most of the reception there was positive but he did get into an altercation with a fellow who said, you're trying to take away my guns. to that the vice president replied, you're full of, you're full ever it basically he said it the whole way i won't say it. when the man persisted he said
4:24 pm
stop being a horse's, you know what that would be. so, anyway, it is the campaign here. bernie sanders last night, declined in the fox news town hall to even personally criticize in any way the former vice president. asked directly about whether he is mentally fit for the office, the former, former vice president, bernie sanders declined to say. we're very different candidates. we have different plans. i leave you with one thing, and that is a poll that is how this state weren't last year, four years ago i should say? hillary clinton and bernie sanders, was ahead in every poll leading up to the race and then when it came out the night of the election sanders was the winner. connell: quick on the cancellation, jeff, i was reading the statement you referred to. you're saying that the ohio state officials said they're
4:25 pm
wore remembered about holding large indoor events. i don't know if we read into large or not. of three people thinking about as leading candidates for president, president trump, bernie sanders, joe biden, sanders and trump have the largest events. i don't know if that plays down the line with these rallies. reporter: absolutely. president is winner but he gets large crowds than the former vice president. connell: interesting. we'll see what happens rest of the campaign. jeff flock. showdown in michigan we've been talking about, the swing state economy we've been talking about for months. in fact, about four months since "after the bell" spoke to voters on the ground in that key battleground state we'll check back with one local official on the show then coming up next.
4:26 pm
4:27 pm
like a hybrid with best in class epa estimated range of more than five hundred eighty two miles. and ford co-pilot 360 technology to help you outsmart some of the things you'll encounter on the road. with more available second row leg room than a chevy suburban. this is the completely reimagined, street smart 2020 ford escape.
4:29 pm
i believe at tecovas,hould focus othat's hand-crafted,y reimagined, street smart high-quality western boots at a fair price. because netsuite shows me all my financials in one place, we stay focused on what we do best. (announcer) with netsuite by oracle, you get a full picture of your business. finance, inventory, hr, customers, and more. it's everything you need to grow, all in one place. netsuite is the world's number one cloud business system. schedule your free product tour right now at netsuite.com/boots melissa: "fox business alert." walmart associate in kentucky testing positive for coronavirus, this according to a reuters report. walmart has created an emergency
4:30 pm
leave policy for the virus which is in effect immediately, will reportedly waive its attendance policy through the end of april. we'll keep you updated on any developments this hour. connell: back to michigan now. the swing state economy series that we've been in middle of, we've been now to half a dozen of the key battleground states to see what it takes to win those areas in 2020. macomb county is such an important county in michigan. executive mark was with us on the show we were there, how voters prefer more moderate candidate who will not be too partisan, things like "medicare for all" don't necessarily resonate with people in that part of the country. take a listen. >> you know what? i don't see excitement there for any one of the candidates. connell: even joe biden, former vice president. >> people within different factions of the democratic party throughout the region own are trying to force their influence on a particular candidate right now and it is not fitting well. democratic candidate whoever it
4:31 pm
will be have to make sure they're here positioning themselves in macomb county. as a moderate. connell: that is happened a lot since then. with us is mark. do you feel differently for excitement factor like former vice president joe biden who has lot of mow men tom for today's primary? >> he does but i see it is only as a result of this wave of, trying to figure out how do we replace or get rid of donald trump. there is not excitement in the democratic party. i see them rallying how they prevent obviously sanders from being the nominee. they're worried about that. they are worried they won't get-out-the-vote but they will get-out-the-vote with biden the candidate and at least people vote in macomb county, throughout the state of michigan. that being said i don't think there are excited about joe biden or bernie sanders. but macomb people are testimony perped not as excited as they
4:32 pm
were during the election cycle. connell: a local mayor in sterling heights, in macomb county, a republican now for biden. you know, is that a sign of what you're talking about, that the president as narrow as his support was last time around may be losing some of that support, how does that play out in the fall if it is thee redally biden versus trump? >> kind of like something we've been hearing about from other people i guess in that last election supportive of donald trump. some are saying we did it. we thought we did the right thing. just necessary nature, his style, he turned off a lot of people saying you know what? i can't vote for him anymore. i think there is time for a change. we're probably going to vote for democrat. connell: by the way mark -- >> hopeful it is not sanders. connell: is it on style? been to a bunch of states, all on mt. 's personal style as opposed to people having issue with the economy which is his number one issue coming into this explosion we may on may not -- slowdown we may or may
4:33 pm
not experience because of the coronavirus have on his standing politically? >> i don't know if it is the virus or economy. i think that has a lot to do with his personality, that turned a lot of people off. some are embarass about it, i don't support this guy or believe in him. folks are walking away from him, with that being said here in macomb county they feel they have been left behind, there is more after divide going on. people getting richer and people suffering as a result of that. the question what is going on with the blue-collar worker once upon a time supported him here. with that being said that is the fear they're having with bernie sanders as well. they're worried about him, the health care isn't issue here with a lot of union workers. they're worried about bernie that will be helpful to joe biden. connell: a final point for biden, you're right, certainly favored to win in michigan, will do well in macomb county, seems like his type of area given his political career, how concerned are him as a candidate?
4:34 pm
you mentioned the president's style, joe biden the same candidate who had been struggling earlier in this campaign before the momentum came along? >> well, for the news media it will be a beautiful thing to see that stage whether it will be joe biden and donald trump going at each other. it i will was free-for-all. it will be a mess. i think bernie would have a better chance comes to debate conversation but the two of them, joe will have a hard time. he need to be more scripted. obviously trump definitely needs to be more scripted but he will go of the script and i think it will get pretty nasty. my opinion. it will be kind of embarrassing. connell: yeah. everybody has a different take what to take away from it. you're right about the fact it won't be boring. we'll see what happens tonight. good to have you on the show. okay. melissa: calling paranoia overkill, we'll speak with one california resident who was aboard a quarantined ship off the coast of japan, still testing positive a month later. connell: plus a million dollar lawsuit against the cruise ship handling of the virus.
4:35 pm
4:36 pm
(woman) no matter what business you are in, digital transformation never stops. verizon keeps business ready for what's next. (man) we weave security into their business... (second man) virtualize their operations... (third man) and could even build ai into their customer experiences. we also keep them ready for the next big opportunity. like 5g. (woman) where machines could talk to each other and expertise could go anywhere. (woman) when it comes to digital transformation, verizon keeps business ready. ♪
4:39 pm
while the coronavirus spreads it is highlighting the the depend send and united states and other countries have on the supply chain. grady trimble is reporting from chicago and breaking it down. reporter: there is shortage of one drug right now with a main ingredient from china. that is a direct result of the cron cron and manufacturing slowdowns in china. china is one of the top, povertiers of drugs to the united states, everything from antibiotics to generics, to over the counters and vitamins. the fda says, currently many medical product manufacturers lack plans to address vulnerabilities in their manufacturing supply chain putting them and american patients at risk for drug supply disruptions. coronavirus has kind of exposed vulnerabilities in supply chains and the united states dependence on countries like china. while there is a shortage of just that one drug right now the fda is monitoring 20 others with either active ingredients from
4:40 pm
china or entire drug is produced in china. the fda isn't naming any of the drugs but it says they're all non-critical. so that is the problem. the solution according to the council of foreign affairs is to scale up production of active ingredients in drugs. in the long term start to keep more inventory on hand and more diverse supply chains going forward. grady trimble in chicago. melissa? melissa: boy, i have a lot of questions about that. here is congressman mike gallagher, republican from wisconsin, who introduced a bill to enhance security in the medical supply chain. congressman, thank you for joining us. we've been talking about this issue on fox business for a while. this idea our penicillins are almost exclusively controlled by manufacturers in china and how we got to this spot. they're not revealing to us any of the 20 drugs, you know, that are potentially going to be in short supply but they say
4:41 pm
they're non-essential. does that, how much do you know about that? i don't know how reassuring that is? >> i've been to numerous briefs from the fda, the cdc, talking about this issue. my view is that particularly when we're comparing our response with the inept response of the chinese communist party we should err on the side of transparency and part of the intent of this bill is to give the fda the authority to require manufacturers of medical devices to disclose when they face an imminent or forecasted shortage of life saving or life sustaining medical devices. >> who would they disclose that to? when you say disclose i think of the writing we see when we're signing away our lives on line. would they alert the fda? >> they would alert the fda but the fda would be required in annual report to congress disclose that could congress and checks and balance.
4:42 pm
we need a better process to keep the public informed. we're learning with this crisis, we've seen the last two decades, come to a fever pitch the last three years, we're dependent on beijing for far too many goods and services. see it in national security time and again. melissa: absolutely. >> we can't cede our sovereignty to beijing and chinese communist party. melissa: absolutely. even if the medication is not made there, a lot of active ingredients are, is that because labor is cheaper or are there essential minerals that they have access to? i'm trying to get at is there another component other than cheap labor? >> cheap labor, combined with variety of other factors that go into the production process. the price is the point. pharmaceutical companies want to make money. by offshoring, concentrating manufacturing in china they can drive a better margin in china. when the dust settles we'll need to consider variety of other ways we incentivize the
4:43 pm
onshoring of medical manufacturing and there bimake our economy more resilient. melissa: i hear you, and i'm sorry, i hate to interrupt you we don't have a lot of time. i want to make sure, i don't know if alerting fda and fda will alert lawmakers. that doesn't seem like making a huge difference. is that the mechanism of control in this bill? seems like you have to go a step further, when you alert congress, then it takes a very long time if ever for something to happen? >> i'm not pretending this is a panacea that will solve this problem. i think it is meaningful step forward. we go a step further. we give the fda further authority to require manufacturers to disclose the nature of supply. transparency is the first step. let's understand where we're dependent on beijing. let's have a broader conversation how we start producing things here in america. how can we enhance our position relative to the corruption and ineptitude of the chinese
4:44 pm
communist party which is right now endangering global health. melissa: i hope it is a step towards fixing. i'm not sure. thank you for your time. >> thank you. connell: "fox business alert" for joe biden campaign. just like sanders, the biden campaign canceled an event that was supposed to go on in cleveland, ohio tonight. bernie sanders made the announcement. biden follows saying they have culted with state officials, following warnings from the state officials about holding large indoor events out of abundance of caution according to the biden campaign, they are not going to hold their cleveland event tonight because of the coronavirus and ohio did confirm its first case of the coronavirus earlier today. so they're going to, the campaign, continue to consult with public health officials about future events. we figured it was a matter of time until we started seeing things like this. now from both candidates. melissa: very true. what it is like to battle the deadly disease. we'll talk to one man working towards recovery after being infected with the coronavirus.
4:45 pm
♪ yes i'm stuck in the middle with you, ♪ no one likes to feel stuck, boxed in, or held back. especially by something like your cloud. it's a problem. but the ibm cloud is different. it's the most open and secure public cloud for business. it can manage all your apps and data from anywhere. so it can help take on anything, from rebooking flights, on the fly to restocking shelves on demand. without getting in your way. ♪ ♪ adds to the legendary capability of the strongest, most advanced silverados ever. with best in class camera technology and larger, more functional beds than any competitor. the only truck that can compare to a silverado is another silverado. truck month is the right time to get behind the wheel of the chevy silverado. now, get 0% financing for 72 months plus $500 dollars cash allowance
4:46 pm
on all silverado 1500 crew cab pickups. find new roads at your local chevy dealer. it's an honor to tell you that [ applause ] thank you. liberty mutual customizes your car insurance so you only pay for what you need. i love you! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ how you watch it does too. tv just keeps getting better. this is xfinity x1. featuring the emmy award-winning voice remote. streaming services without changing passwords and input. live sports - with real-time stats and scores. access to the most 4k content. and your movies and shows to go.
4:47 pm
4:48 pm
4:49 pm
the event. connell: okay. personal story. there are nearlyhundred cases of coronavirus a-- 800 cases of coronavirus across the country. our next guest is still one of them. carl goldman was off the diamond princess cruise ship off the coast of japan and still in quarantine some 33 days later. he joins us from a medical facility in omaha. our audience on fox business dealing with abstracting numbers and stock market reaction to the virus which you've had, so can you tell people it has been like? how do you feel when it you were first diagnosed and how are you feeling now. >> i wish i was in the studio with you. i don't think you want me there quite yet. i'm still testing positive right now. my wife and i went on a cruise to japan. had a wonderful 15 days of our 16 days. then the last day on the diamond
4:50 pm
princess we found out that there was a passenger who tested positive. so we were quarantined on the ship for 12 days. got to spend valentine's day with my wife in our cabin. that was fun. then the state department flew us back, 300 americans back on two planes. i went to sleep on the plane going to california. two hours later i woke up with a very high fever, over 103. and was put into a quarantine area on the plane. i, that was really the only symptom other than a dry cough that i still have. so unlike the common cold, there was no sore throat, no headache, no runny nose, no sneezing. even with the high fever, i didn't get the shakes like you usually gets or chills or the heavy-duty sweating. i was sent to omaha, put in a biocontainment area there and here in omaha where i still am.
4:51 pm
moved after 10 days got moved to a lower level of care right here on the same nebraska medicine campus. so it has been a journey. as you said i haven't been home since january 17th. connell: wow. you've been separated from your wife for some time as well. hopefully the next test after all this time eventually comes back negative. now you're, i believe, correct me if i'm wrong, i believe you're 67 years old, but upper 60s. i don't believe you have underlying medical conditions. all the experts tell us that is the key. not only someone's age but how their health is going in. how was your health going in, and do you think that had impact how you dealt with this, do you think. >> to some degree. i had guillain-barre system i came down with, impacts the nervous system. it was kind of a virus as well. i was dealing with that since mid-november when the coronavirus hit. so i was at risk, 67, in good
4:52 pm
health, otherwise. and probably going to, always remember my 67th birthday in the biocontainment unit on my own, my medical team, did bring in a cake and a candle that had to stay wrapped because you're not allowed to burn a candle. connell: don't think you can use the eagles hat or nebraska huskers shirt. carl, good luck obviously. we hope the test comes back negative. i wonder if you're signing up real quick for any cruises in the near future? >> you know what? princess is great. while i will not take a cruise within the next three or four weeks. i think before year out, i will be on a princess ship. connell: they would love to hear that. thank you, carl. carl goldman from the omaha area. melissa: what a good sport. connell: good to hear from someone going through it. melissa: one couple is spy fighting back over the way the
4:53 pm
cruise ship operator handle ad coronavirus outbreak. at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. can we go get some ice cream? alright, we gotta stop here first. ♪ ♪ from smarter atms, to after hours video tellers ♪ ♪ :
4:54 pm
... do you have any lollipops in there? (laughing) no, sorry. we're helping all kinds of businesses go beyond customer expectations. how can we help you? which is why when it comes to his dentures only new poligrip cushion and comfort will do. the first and only formula with adaptagrip cushioning technology. choose new poligrip cushion and comfort. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's.
4:55 pm
don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your parkinson's specialist about nuplazid.
4:57 pm
melissa: a florida couple, board a florida princess cruise ship is suing. on "fox nation." tell me about the cruise ship ship, what are odds they will win. >> it is pretty low odds they will prevail. what struck me most, it just seemed premature, it was filed in federal court, alleging on behalf of the couple that is quarantined, saying they are elderly, 69 and 75 years of age, with underlying medical conditions, but saying how it harmed, serious risk of imminent harm and current emotional distress, they are afraid of getting sick. i don't see this prevailing.
4:58 pm
they are charging gross ne negligence and actual negligence, the bar for that is high, do you remember ghost ship fire in oakland. a horrible wiring, causing death, this is type of reckless disregard that courts take up, at-this-point, neither of these two individuals are actually sick. we have yet to determine those types of damages. melissa: not a case where they are trying to sue to get out of quarantine. i heard a lot of people talk about that. >> ironically, remedy requested is money and a jury trial, as you know takes forever, for them to try to get off the boat now, that is not what they are asking for. melissa: what would have to happen in order for someone like this to have a case, a lot of
4:59 pm
people will want to sue. reporter: >> right their attorneys said, look for additional cases, i am sure and confident we'll see a ton, we will have see an actionable cause, meaning they suffered actual damages, because they are not sick, we don't have the threat of being sick is not enough. melissa: crimes that changed america, is dropped yesterday. >> i think they are all amazing there are 5 episodes in season one, stories and reasons behind laws in the country that are unfortunately from tragic gruesome murders. i take viewers around the country,ry explore and investigate the cases that lead to the law changes. melissa: all right. thank you for coming on. connell: you could binge that one quickly. melissa: market today, up 1167. connell: they call this a snap
5:00 pm
back rally, we'll see what tomorrow brings. also -- only tuesday. melissa: "bulls and bears" starts right now. >> we had a meeting with stimulus. and you will be hearing about it soon it was a great meeting, there grea great unity went the republican party. david: we're awaiting details that could come this evening, as stocks make a comeback today after suffering their steepest point decline. the dow surging more than 1100 today, major averaging closes at session highs, markets eyeing new development from dc as president and his top economic adviser push congress for economic relief. we go live to the white house
88 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on