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tv   Barrons Roundtable  FOX Business  March 14, 2020 1:00am-1:30am EDT

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everything you and the president hah been doing today. you leading the intervention in the markets with the fed and working for the president and the negotiation with democrats. thanks and congratulations. good night from new york. trish: tonight a coming together to be proud of. the left and right join hands. corporate rivals joining hands as everyone recognizes there is til much, much more to do. the president of the united states announcing a national emergency today. good evening. i'm trish regan. the markets recovering quite nicely at 9.4% on the dow for the best trading day since 2008. amid news the far suit cal company roche received approval for a covid-19 testing kit that's 10 types faster than anything -- 10 times faster than
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anything on the market. reporter: it accelerates our capacity to test for the coronavirus. it will bring 1.4 tests on board next week. and 5 million in a month. i don't think we'll need anything like that. trish: the state of new york thanks to governor cuomo is becoming a template on how to test setting up drive-by stops. the president praising co-more's efforts -- the president praising cuomo's efforts. this is the bipartisanship we need. president trump: i just spoke with governor cuomo *. we had a good conversation. we are working strongly with many states including new york. trish: governor cuomo doing the same. >> i want to thank the president and vice president for their receptivity to the idea.
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and i want to thank them for their quick turnaround. rib * it's an important step. it's critical we know who has this. we must test for the virus to stop the threat of it. south korea helped stop the spread of the virus by discovering who had it. the left and the right united to fight this crisis. this is what government is meant for. government is our ultimate safety net. we got 1.5 trillion from the fed and hopefully more on the way. the government has to find ways to help people for what could be a great recession. some predicting even a depression. i explained before the psychology on the markets. at present we have a shutdown in
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consumer spending. i mean other than on staples, right? they are buying supplies, but they are not going out. they are not spending on discretionary items. our economy will take a massive hit. we need to be prepared for that. the big question is for how long? that's the you be known. news that drugs used to crete arthritis may reduce the death rate of coronavirus. but until we are able to stop the spread of this virus we'll continue to struggle. a vaccine out of canada is in the works. but that may not be available until november. but in the meantime the bipartisanship from the white house is being echoed in
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business. cvs and walgreens -- >> along with our colleagues from walmart and walgreens and our partners at cvs normally view us as competitors. but today we have a common competitor and that's the spread of the coronavirus. we look ordinary to working with the administration to do our share in alleviating this growing threat. trish: we need to stay safe. we need that social distance from one another. if you can work from home, do so. if you can avoid going out in big gatherings, do so. like i said, we are in this together and we'll get through it together. that's tonight's intel. joining me republican:florida senator rick scott who is under a self-imposed quarantine due to potential coronavirus expose
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our. sir, your thoughts on the current state of this, what we are doing and how long it will take to get this under control. >> i think the president is doing the right thing. i poke to him about the need to get the mobile testing sites up. he got right on it. i think they are doing the right thing. they are look at what's working in south korea and what's not woking in italy. up glad this is happening and these companies came together today. the market went up and it's completely tied to are we going to do the right thing with the coronavirus response. that's what my focus is. let's get this testing done. finds out who has the problem. secure our borders. trish: the mobile testing sites
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are an important part of this. south korea was able to tester and often. the other component is that social distancing. the self quarantining like you yourself are under. how does that message get through to people? >> we need to do public announcements. we need to be on the air he day all day long. he so often. wash your hands, i was with a physician this week that told me 40:% reduction in getting the virus if you will consistently keep your hands clean and have social distancing. if you think you have a chance of getting it because somebody was around you like what happened to me. quarantine yourself. hopefully you don't get sick. but if you do start having symptoms, get tested. make sure we have the mobile testing centers to help keep our
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healthcare workers safe. trish trish: senator, that's another con season that our system will be quite strained. the president announcing he was getting rid of those caps on hospitals and how much people they can have and how much personnel they can have. that's an important step. but i guess it cops down to what more can we do to make sure the nation from a medical standpoint is up and running and totally ready. you look at what's happening in italy and it's disturbing. >> up excited with what they did with getting roche approved with the tests. i think another thing we need to be doing is making sure if you are going to travel by airline or a train. we check to see if you have a temperature so we stop having people travel who are sick.
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you will have a chance of making somebody else sick. you saw the person who you into florida had symptoms. and then tested positive. that's wrong. you can't do that stuff. you have got to figure out how you take care of our whole community. don't be selfish. trish: how do you feel right now? >> this is my fifth day. so they said if you are going to get something, it will be on and 5.2 days. but i'm not going to take a chance. rib * how long do you anticipate being in quarantine? >> 14 days. if i wanted to be cautious and make sure i never infected anybody. because i was in the room with somebody that was the next day told they did have coronavirus.
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the safe thing to do is do what i'm doing and protect -- you are basically protecting everybody else in case you do get it. trish: there is an attitude, i'm going to be fine, but it's not about you necessarily. it's about the pen you are standing next to in the elevator that could be a reduced capacity and what happens to them if they get it. senator, i think you are doing the right thing. thank you very much. >> we all have to come together, but we'll get past it. trish: i think the market was very, very encouraged to see washington is being proactive and we are putting some of the by gones be bigones. thank you so much. a seattle woman said she had the coronavirus and recovered. she told us she has one big
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takeaway people should know about. find out what it is. also, should the travel ban be expanded? president trump: we have taken some bold steps. the original boldest step of all when we closed early with china. that helped us save thousands of lives. we went early with europe. trish: the growing coronavirus contagion around the world. kt mcfarland is here and whether we need to shut down more entry points. a new coronavirus test that works february types faster has been approved. also a commonly used arthritis drug may be the viral care we have been looking for. dr. zuhdi jasser is next. thinin there's smart and then there's street smart,
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normally take weeks. we expect up to half a million new tests will be available next week. trish: dozens of companies race to find coronavirus cures, vaccines and therapies. the fda stepping in to green light testing as the pandemic those our country into a national state of emergency. our borders are closed off from europe. but some experts say the u.s. could look like italy sooner rather than later. experts warn massachusetts is smaller than italy. it has 100 cases. there were 159 cases in italy two weeks ago. that's where we are heading. we have to move now to prepare hospitals and ramp up testing.
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joining me, dr. zuhdi jasser, he served 11 years as a medical officer in the navy. what is your sense of this. you look at boston. it's being compared with italy which is truly a disaster. >> we are learning somebody every type we find out more information about clusters. there was a cluster in boston. i'm not sure the analogy with italy necessarily applies. italy has 25% of its population over 65. many of the deaths are people who are immunocompromised. it was an executive meeting of drug companies and others doing this work. they quarantined and got the information. they were on top of it. it shows you how much we have to be on top of social separation. making sure we do everything we
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can to slow down the 6-7 day doubling in the population. once you flatten that curve you increase county impact of what happened, happening in italy. the president's declaration of a national emergency is so important to pool our resources to move us forward so we can fast track the vaccine. the meds that need to be used and move us in a way we have in so many disasters before. trish: i want to get back to the social distancing. a lot has changed in the last you five days. one of the things i'm most encouraged by is to see governor cuomo complimenting the president and the president complimenting governor cuomo. we have got to be together in this. no time for politics. and i'm getting the sense that everybody is on board and committed.
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and that is exciting. we have even got rival companies standing together to try and help america. this is who we are and who we need to be. back to the social distancing. there is still a kind of pressure i think on people to be in the office and to be present at things. and a big birthday party is coming up for an aunt or uncle so and so. people want to be there. but do you think at this moment in time it's more important everybody take that step back and economic consequences be damned for the here and now so that we were able to get through this and end it? >> absolutely. as we figure this out. as in any medical emergency. we first take our own pulse, then we get the vitals of the patient. as we get the vitals of our
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country, we are getting a clinic in what immunity is. without a vaccine we can't immunize people before they get the virus. so we have to get the -- do the best we can without a herd men salt in spreading the virus in concentrations. the latency of the virus gets us 7-14 days behind. the social distancing, athletics we'll have to delay a few months. and it will probably be 8-12 weeks. so we will have to come together as a country as we do in any threat for a few months until we figure it out. the companies and the public-private partnerships are creating vaccines. we are going to get the data quicker than any other country has. once we get we'll be reassured
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we can get back to life as we know it. trish: how long do you think it will take to get the vaccine. >> it will take a year because of the phases. nower in starting to put it into animal studies. china put us behind 6 weeks before we even knew about it. at the same time in multiple pathways, they are putting it into animal studies. you have to make sure it's safe and it works. that will take a year. trish: a recovered coronavirus victim says she has bun big takeaway. coming up. you really want to know what it is. should the travel ban be expanding? >> we keep getting people coming in from the country that are travel in related.
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how much worse it gets will depend on our ability to contain the influx of people who are infected coming in from the outside -- trish: former trump deputy national security advisor kt mcfarland is here on whether we should be shutting down even more entry points. she is here next. >> it breaks my heart really. but they have to do what they have to do. >> i'm not surprised. they had to do it. it's kind of a no-braiaiaiaiai tv sports announcer: five seconds left. oh ho! yeah, that's my man there. tv sports announcer: time out. let's go to a commercial. nooooooo! not another commercial! when you bundle your home, auto and life insurance with allstate you could save 25%. in fact, the more you bundle the more you can save. put the other game on if it's important to you allstate can protect it. ...home auto and life insurance you could save 25%.
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trish: new york surpassing washington as the state with the highest number of covid-19 cases in the country. the first drive-thru testing site opening up in new rochelle.
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alex is joining us in new rochelle with the latest. >> this testing center's first day is coming to a close. this is the first mobile testing center on the east coast. it's here in new york because it's where we are seeing the most amount of covid-19 cases in the country. it's an eerie feeling. when you cross this bridge there are tents filled with workers in haz-mat suits. the people under quarantine don't have to leave their car. they stay in their vehicles, pull down the window. but the residents need a referral from a doctor and an appointment. but they don't have to leave their car. with federal approval for states to handle testing on their own. new york can handle 6,000 tests a day at its 8 labs.
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>> first reduce density. reduce the concentration of people. the second leg of these strategies is testing, testing, testing, testing. reporter: that testing is needed to find the positive cases and track where they have been to prevent them from spreading it to more. lawmakers drawing a one-mile radius shutting down schools and large building to be cleaned. they are delivering food to those quarantined. especially the homes with children who rely on going to school to have those hot meals. all the samples are collected here, and they are taken to a lab in new jersey. they will be contacted to find out if they have the virus or
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not. trish: around the world the number of coronavirus cases is topping 335,000. here in the u.s. foreign travelers from europe now considered the epicenter of this virus will no longer be allowed in tonight at midnight. the czech republic preventing all phone travelers from entering or leaving. austria is shutting its borders to italy. we can confirm that just over the past 24 hours, italy has seen 2,200 new cases and 250 deaths due to coronavirus. joining me now, author of revolution, kt mcfarland. the critics have said the virus is already here. that the travel restrictions won't entirely work.
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but we do see a lot of countries enforcing this right now. companies as well. they are saying don't travel unless positively absolutely necessary. a lot of them with banned it all together. what is the role a travel ban plays as we try and combat this? >> it's just common sense. when trump did it initially. he did iter when he said we were -- when he did it initially he was salt a racist and xenophobe and discriminating. as it understand out it's probably what saved us from being italy. italy and other european countries have open borders. people are traveling in and out. it understand out borders really do matter. if it wasn't for the early action trump took. and banning europeans from coming into the united states will give us a better chance of
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controlling it and buying us more time. if we were italy we would have a raining problem on our hands. trish: how much type do we need and -- how much time do we need? boston, for example. with 100 or so cases continuing into an italy-like environment. >> i think it's important to remember a coup of things trump said a few days ago. we are one of the strongest countries in the world. and we'll recover from this faster and better than anybody else will. and we have got the best scientists. the on thing america has to worry about is the partisanship. otherwise we'll get through this. i was even count and very proud of president trump when he's got praise by the governors of california and new york. trish: and he parades them, too.

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