tv Lou Dobbs Tonight FOX Business March 15, 2020 11:00pm-12:00am EDT
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every weekday tune in from six to 9:00 a.m. eastern for mornings with maria, on foxbusiness network. i hope you'll join me every day as we set the town for the day. that will differ aooooooooooooo. go to church. >>stuart: indeed. maria: good sunday morning everyone thanks so much for joining us i'm maria bartiromo. joining me straight ahead right here on "sunday morning futures" it is all hands on deck now, as the major stimulus is planned to fight the spread and the impact of the coronavirus. this morning right here, house minority leader kevin mccarthy joining me on a targeted relief package that is expected to be signed into law in the upcoming weeks, plus the white house's answer to stop an impending recession from taking hold as the economy grinds to a near halt, peter navarro on the president's payroll tax cut proposal and also ahead time magazine named him the man who
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changed medicines, for his decades of medical research and efforts to find cures philanthropist michaelmilken will weigh in and also we're zeroing in on where this all began, congressman devon nunes on his investigation into china's behavior on the world stage that and a lot more as we look ahead on "sunday morning futures." the coronavirus pandemic spreading across the country further disrupting daily live nearly 3,000 cases now reported in 49 states and washington d.c. a total of 57 deaths with the majority in halved hit washington state as the house passed bipartisan emergency legislation to fight this pandemic after getting president trump's backing it goes now to the senate. my first guest says we can't overcome this , house minority leader kevin mccarthy, thanks
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for joining us. >> thanks for having me back, maria. maria: tell me about the bill that went so late on friday night, what it has in it and why is it important? >> well we went late because the original bill that speaker pelosi put was just not workable and as i said on thursday, we should take a deep breath, not leave congress take the next 24 and 48 hours and fix it and actually come together, take the part that divide us and let's unite for the american public. what it does is three main thins and makes sure everybody has the ability to get a test if they need it. it allows for sick leave if you are sick or if you are caring for a loved one. it makes sure the department of defense and the va has the resources needed to care for those veterans. i had a real concern what it did to small business that was real changes inside the bill and that's why it came late. i wanted flexibility for those small businesses especially under 50. we have to make sure if you're going to mandate small business provide this leave how can they
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have the resources, the speaker had the social security doing it , would harm social security and they couldn't get it up and running and the second of treasury will now advance the money to small business for that quarter, to pay for that sick leave going forward for this short time period making sure that we have a timetable on this , that there was a sunset, and also democrats had put una number of provisions that were just philosophically wrong with anything to do here they wanted to change the law and have taxpayer pay for abortion we made sure we took that out as well. maria: well i don't understand you had abortion in a bill about coronavirus? >> yeah, the things you have to watch, especially when it doesn't go through committee and there's a crisis. people will take their philosophical beliefs and try to run that through, we have the amendment that we have voted on for decades i wanted to make sure that provision was in and i wanted to also make sure there's flexibility especially for those
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small businesses, 50 or under, if this is a hardship that they have the option to get out and that was one of the last provisions we got into the bill. i want to make sure people have jobs to come back to. maria: let me ask you about this article on the federal list , the title is why the pelosi wuhan virus deal is a near total gop surrender, for blue collar entrepreneurs and they are zeroing in on what you're talking about in terms of small and mid-sized businesses, and they're saying that we're going to see layoffs once this is over from small and mid- sized businesses. they need anything they can cling to to stay afloat and delay further layoffs there's nothing for them in this apparent deal, nothing for the blue collar businessman this country's middle class was founded on even the $50 billion that the president previously announced for small business are not only good for big businesses , who can guarantee it , but bad for smaller businesses. you are getting some pushback on this idea that small and mid-
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size businesses are having to put out this big cost. >> well, if they read the final version of the bill they would see the flexibility that the secretary had. the secretary treasury will actually advance the money ahead of time so the small business will be able to have the resources if they have somebody on sick leave. remember there's a sunset time period and also, remember what we're dealing with here. just as they say we've got to get through that peak, that peak can overtake the medical system. the watch what the world health organization recently said that europe is the epicenter. we want to thank this president for the action he took early stopping the flights from china also stopping those flights from europe. it is making america safer so how do we manage all this going forward? if somebody is sick we want to make sure they have testing. we want to make sure they aren't at work providing and making contamination to other individuals so we've got to have that sick leave.
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we know businesses being hurt. there's no basketball going on, no march madness, there's no hockey going on, people are quarantining themselves which is what we need to do so we need action and that's why we gave that flexibility and the advancement of money. remember, america working together, can get through anything that we need and we showed just that last friday night that we can, what divides us can come together for the american public and you watch the action that this president took. extraordinary and he's looking further ahead from the oil industry, filling the spur because it's lower oil price, helping the energy at the same time, helping america making sure no interest rates on those who have student loans, we're taking every possible action that this is a moment in time that we need to come together and that's why sunsetting it giving small business the resources they need and help during this time, we will get through this together and we will actually be stronger in the end. maria: yeah, you make a good
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point. this is a moment in time that all hands are on deck. this is a moment in time that everyone is worried about this pandemic now the world health organization is calling it so why did it take so long to get this done? why were you at work at 1:00 a.m. on friday night? i mean, why did nancy pelosi have so much delay if this is such urgency? >> well there's a number of reasons, but the reason why it was late into the night, i did not want to see a bill jam because it did not go through committee. i wanted more eyes on it. i wanted the ability to walk through every version. it's going to go to the senate, i was working with senator mcconnell the leader over in the senate on numerous things i would see that it could enhance even further, working with this president, this president has taken decisive action early to help us in this cause of where we're walking through, this bill adds to that at the same time. you want to have testing and i
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think what the president has done with that public private partnership, every community either has a cvs, a walgreens, a target or a walmart, to be able to open up their parking lot to have this testing and have the new version of testing going through, we have innovative companies here going to help us. you look at what gilliad is going through with the therapy treatment and johnson & johnson and other companies to get us a vaccine. we want to work through this together. i remember the story about president kennedy when he challenged this country to go to the moon. a year later he's walking through nasa, he's meeting those who work there and runs into an individual whose a janitor and asks them what's your job and he says my job is to put a man on the moon. at this moment in time republicans, democrats and all americans need to come together and our job is to make sure we get through this virus attack that did not come from here, and make sure we're safe and we're going to take actions we haven't taken before, and we will come out stronger just as we have
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before. maria: so when we were on the phone this weekend talking about this interview, you talked about this virus being sort of like it's going to get worse before it gets better and then maybe it dies down but do you expect it comes back in the fall >> well i'm not sure. we learn something more every day about this coronavirus but influenza normally in the summertime dips down and can come back in the fall. what we need to have happen here is as many nih will tell you you don't want to have something to over run a big peak. you want to level it out, as the grass would show. italy right now is not, did not have that happen, because their leadership did not take the actions that president trump took. that's why the next four weeks are so critical. that's why this determination of the actions that we are making are smart in the long run. we do not want our health care system that's why elective surgeries are being pushed aside that's why we're preparing and
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doing the public private partnership, more testing, the v a. this is more vulnerable for those who are older all of the information that we have, the washing of the hands and others, everybody needs to be working together and i think congress showed friday night. maria: let me ask you congressman before you go, we're going to talk about the economic impact of peter navarro and a lot of people are expecting recession, i love what the president said the other day about oil and buying new oil, we're going to talk about that with peter navarro as well but from your standpoint in terms of getting to a vaccine in terms of pharmaceutical companies are you willing to make sure that the rules and regulations around the fda in terms of getting a drug through approval process are dealt with some getting a fast-track approval? >> yeah, so the president has already taken actions on that as well. what's unique to hear is we have had some changes within the fda in this trump adminitration, to streamline, to make sure nothing
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from the bureaucratic incidence is holding it up and we've got a lot of smart companies out there already working together. remember when ebola hit it was an american company that got the vaccine. we were able to use nih to make sure that containment happened. unfortunately when this crisis hit china hid from it, in november it came forward, president trump asked to send our scientists and our doctors our very best researchers there they were not allowed to and now it is a spread across the world but the actions that president trump has taken has actually made us safer, but unfortunately , now europe is the epicenter and that's why the action that he took on the flights coming through, that's why americans need to work together but it has to be a public private partnership and i will tell you, we have overcome things that are bigger but the next four weeks where we need to be smart, act together, and find a way that we will get through that we will not have that peak but measure this out and at the end of the day you and i will talk again on this show and we'll talk about the ingenuit y of our
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companies that got a vaccine for it and how we were prepared ahead of time just like we did by increasing funding to the nih and cdc for the last four years. maria: do you think you're going to need to the president will need to mobilize the military to create hospital beds? i know we've got a lot of shortages including hospital beds as these numbers spike. are you going to need is the president going to need to mobilize the military for this? >> well the one thing that we could do, there is a bill by dr. burgess that you bring in the reserve medical into help in that instance. you want to make sure you protect and the other element inside this bill i did not talk about you want to make sure that we have more maps especially for all of those in the medical, so they are protected. but this bill allowed them to actually produce millions more than industrial level version that can help those in the medical industry and now they can sell them to them, so there's many different elements of this bill that protects us
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even further. and these are the plannings that we are taking. unfortunately we try to get that supplement all but democrats said no earlier. maria: congressman good to have you on the program thanks very much for your efforts. >> thank you, maria. move we'll see you soon, minority leader kevin mccarthy. stay with us we're examining how the u.s. spends billions on pharmaceutical imports from china, why are our most important ingredients for the drugs that we need produced in china? why it could be time to start investing more back at home. white house advisor peter navarro is here live to respond, back at fisher investments, we do things differently 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. so, what's in it for you? our fees are structured so we do better
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when our clients do better. at fisher investments we're clearly different. from across the city to come to this fellowship distribution spot and get food that they can't afford. (sorrowful music) - [announcer] there is an emergency food crisis for elderly holocaust survivors in the former soviet union. - [yael] this is a crisis. these elderly holocaust survivors are struggling to survive. they're starving, have little money for food,
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electricity or medicine. - [announcer] just $35 provides one needy elderly holocaust survivor in the former soviet union with a special emergency food package that contains a note saying it's from christians and jews in america who want to bless them. call now. please call the number on your screen - in ukraine, there's no support network. they don't have food cards or neighbors that come in to help. they're turning to us because they have nowhere else to turn. the bible teaches blessed is he whose help is in the god of jacob. he upholds the cause of the oppressed and gives food to the hungry. - [announcer] these special passover food packages represent a gift of life for destitute, elderly jews in the former soviet union. just $35 provides one elderly holocaust survivor
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with a special emergency food package. call right now. please call the number on your screen. - [yael] what i pray is that you won't turn your eyes, but you will look at their suffering and your heart will be changed. - [announcer] we pray that god will move upon your heart and send an emergency gift of just thirty five dollars so that we can help more frail and lonely elderly holocaust survivors in the former soviet union before its too late. (sorrowful music) maria: welcome back in the midst of the coronavirus crisis there is a sharp focus on how dependent the united states is on china, and other countries for some of the most important materials, we need. when it comes to pharmaceuticals and equipment with the u.s. bringing in $130 billion in imported supplies, some 70% of the active ingredients in our pharmaceuticals come from china. let's bring in peter navarro, he is the assistant to the
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president for trading manufacturing policy, and he joins us today from the white house. peter it's good to see you this morning thanks for joining us. >> good morning, maria we have the full power of the federal government right behind me, and we're working day and night on this issue. maria: i know you are and you've been working on this for a while let's talk about it what you can do and how fast you can do it. i'm going to hold my criticism for another day, in terms of why for four administrations this has happened, so many of our important critical items are produced in china, tell us what you can do in terms of switching the supply chain back to america >> yeah, let's state where the puck has to be which is to have our resources on domestic soil, we have an executive order , where we're racing to the finish line, we cosign it as early as the end of this week. it's a three-prong strategy consistent with what president trump has done from the get go in terms of onshoring jobs it's buy american, it's deregulate and innovate technology.
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the buy american issue, maria, is we have hhs, the va, and dod, as large consumers of pharmaceuticals. we got to get them to buy american over the long term, so we have a stable source of demand so that that will attract investment. the same time we have to get the fda and the epa to make sure that we cite and operate facilities on u.s. soil, it goes smooth and fast. that's not what's happening now, and in terms of innovation this is the good news to keep drug prices down, we need to leap frog into what's called advanced manufacturing, there's techniques such as continuous manufacturing, 3d printing, we're hoping to throw a switch in as much as 30-45 days on a new facility right here in virginia, and using the funds that we got in the emergency supplemental, and if we do all of those things in trump time which is to say as soon as possible we're going to put in motion a long term trend to
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bring our pharmaceuticals, our medical equipment, our medical supplies home, on domestic soil, and we won't have to worry every time we have a crisis whether that supply chain is going to break down. maria: and you say that you have the president is going to sign an executive order about this possibly within the next week? >> yes, we're racing to the finish line on it. its gone through most of the process, we have to run the legal traps on it, and get the final approval, but this is the president's high priority and he said repeatedly he wants to get it donald signed it will make a difference in both the short and the long run and in the meantime, on the supply chain issues, maria, we're tackling and looking at each of the possible bottlenecks and as we speak we're working to make sure we have everything we need as soon as we need it. maria: i'm going to get to the three-pronged strategy that the administration has, in terms of the big fiscal stimulus, the targeted relief that we heard about last night and what you're doing with specific industries but let me ask you this because we'll take a break before that.
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the reason we have all of this production of such important critical materials in china, is it as simple as it's cheap labor? what's the reason that we have so many important producing of these important critical items like antibiotics produced in china? >> sure, let's be clear. it's china, it's india for the raw materials and api, but then it's also europe for the finished goods, germany, switzerland. why? simply because the sweat shop labor, lax environmental regulations and with china in particular they target, they target our pharmaceutical and biotech industries with their massive sub say diplomats using the same kind of economic aggressive techniques that they've done to take out things like electronics and machine tools, so we got to fight back on that but i want to stress here, that it's more than a china problem. india, for example, we got a lot from them but interestingly india is dependent on china so we have that. maria: right so it's direct and indirect. >> yeah, and so the obama administration had a wakeup call
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on this three different times over eight years, went back to sleep. not going to happen with president trump. we're going to get this done, and it's going to be a long term strategy where buy american is going to set the floor in terms of demand, we're going to innovate, deregulate and we're going to protect the american people. maria: stay with us, i want to take a break and when we come back i want to ask you about recession and what this is doing to our economy and will the president's fiscal stimulus like a payroll tax cut stop an impending recession we have more with white house trade manufacturing advisor peter navarro when we come right back as we look ahead on "sunday mo 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%.
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faced with coronavirus pandemic congress should pass trump's $800 billion payroll tax cut. why is this the best stimulus right now? >> we need a fiscal stimulus there's going to be big headwind s because of the structural adjustments we're making now, and the beauty of the payroll tax cut until the end of the year, the payroll tax is 15%, if you basically cut that to zero, it's like a 7.5% raise, for workers it's like one extra paycheck every three months at the same time it helps our businesses particularly our small and medium-size businesses manage their cash flow over these times where we have risk and uncertainty. what the house and congress are doing now, is basically important but it's a relief package. it's not primarily a stimulus. we got to do the stimulus along with some assistance, we got to hit three points of that compass , relief, fiscal stimulus , and industry
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assistance, and of the three, the most important for the next six months is going to be that payroll tax cut, and i would ask everybody up on the hill to look at this and understand the headwinds we're facing now. maria: well, the headquartereds are clear markets have been reacting to that as you know we hit another thousand points here , thousand points there decline in the dow industrials this week because economic activity is coming to a stand still, one point in front of me is a contraction of .8 of a percent is in the economy in the second quarter do you expect a recession, peter? >> what i thought was on friday , i was never prouder of my president than on friday in the rose garden. i think what he offered there was a clear plan, and also, light at the end of the tunnel, a path essentially to victory, both in terms of public health and on the economy. i think the decisions we make over the next week or two will determine whether we have a
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significant down turn or not, i think congress needs to come back in session, come back where the cherry blossoms are already out but come back and do the fiscal stimulus. steny hoyer it himself, standing next to nancy pelosi, it was only a first step they can't go away for two weeks and decide to come back and take another two weeks to act on this. that's not the way this works in trump time. they need to be here, they need to give the american people a payroll tax cut, the middle class blue collar tax cut, and it's the best way to fight these headquartereds and if they don't like it come up with a better idea and i can tell you it's the best idea. maria: let me ask you this because the president also made a real impact on the oil industry on friday. we know that oil prices have gotten crushed, not just because of this expectation of lower global demand, but also because of this fight between saudi arabia and russia. listen to the president said on friday about the strategic oil
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reserve, let's roll tape. president trump: i've also instructed the secretary of energy to purchase at a very good price, large quantities of crowd oil for storage in the u.s. , strategic reserve, we're going to fill it right up to the top, saving the american taxpayer billions and billions of dollars, helping our oil industry and making us even further. maria: and with that oil prices surged in the aftermarket, peter i suspect tomorrow will be a big day on the upside for oil. let me ask you whether it's the oil industry, the airline industry, the cruise line industry you say this is a three -prong approach so you've got your targeted relief which we talked about with mccarthy, your fiscal stimulus and then heavily-impacted industries what are you going to say to those people who say that's a bailout, you can't bailout industries, peter. >> [laughter] look, this is something we've never encountered before, and we need to deal with the full power of the federal government.
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on the relief issue, the most important part of that relief in terms of mitigating this virus is that paid leave for workers, as this is compassionate but it is also you can't have the choice of going to work sick or staying home and going broke , and so we do that on the relief, we have the fiscal stimulus with the payroll tax cut and then we help our industries like that we're going to buy low, fill high on the strategic petroleum reserve and i was on that call with dan brulet, secretary of energy and it's going to be buy american oil, as he fills that reserve we've got to protect our people, at this time, so i don't want to hear any of that. maria we got to put all this aside in terms of this , we've got to get together as the people not as a party, and we've got to solve these problems and do it in trump time , which is to say this week, we need to act on all of these things. maria: understood, peter real quick on that sick leave
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compensation, this is not just listen let's help our people, this is we don't want to spread it. keep your people home and if you're sick, stay home. we cannot spread it. that's the bottom line correct? >> yeah, it's two birds with one stone. we want to help our people, we can't let them go broke at home, but at the same time if they can stay home if they're sick, or stay home if they need to take care of their family, they will be able to do that. we will stop this virus, flatten that curve that's the mission that the president gave us in the rose garden, america is going to fulfill our mission. maria: peter thank you, good to talk with you sir. yes ma'am. maria: peter navarro at the white house, what corporate america needs to do to get on board fighting this coronavirus, michael milken has been studying life threatening diseases for decades we'll talk with him live as we look ahead on "sunday morning futures" he's next.
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♪ do you recall, not long ago ♪ we would walk 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 ♪ time and time again, you know when i'm doing street magic..i'll walk up to someone and i can just see they're against me right? they don't want to be amazed. they don't want this experience to happen.
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if i could jump for joy without, you know, going off camera i would do it. the scans are now essentially normal. we all everyday hope for a miracle and this is as close to a miracle as we get. cancer research saves lives. go to pcf.org to learn more. >> we're all committed to making sure we're keeping our stores open >> we're ramping up our manufacturing capacity to ensure the right collection devices and testing equipment are ready to address this issue. >> we'll stay involved and do everything we can from a supply chain point of view to be of assistance. we're working every second of every day to increase the number of tests we can run. maria: that was a group of leading corporate executives on friday discussing their efforts to fight coronavirus how to handle the impact, philanthropist michael milken has been studying life threatening diseases for decades and emphasizing faster cures through his milken institute and foundation joining me right now
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to talk about where we are in the face of this new pandemic, michael good to see you thanks so much for being here. >> good morning, maria. maria: you just heard all of those ceo's you and i talked about this over the phone on the weekend and you said the same thing, now is one of those moments in time, similar to after pearl harbor, when the country pulled together there's a new shift in priorit ies. tell me about it. >> well i think we all realize, we are all on this same team. we are all pulling together, and we will solve this challenge as we have in the past. my own efforts and those of our various foundations, we have directed all of their efforts here, particularly those in public public health et cetera to mitigating the responses and we've been focused in six particular areas. maria: let's go through those , mike, because you talk about education, prevention, treatment , cure, and financial. walk us through what's most important, how we can all get on
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the same page, and what we need to know in the face of this increasing threat? >> well we need to make sure focused on education on what we can do to mitigate the cases, reduce the speaking that people are talking about, but also, understand the technology. computers are a million times faster today and as we know in cancer, there are more than 15 million americans living normal lives today, and more than 73 different cancers are linked by similar mutation. this data is available to us, and we have experiences in taiwan, singapore and other countries around the world that gives us a roadmap of what our citizens can do. as it relates to prevention, we have a lot of discussions and you've had them this morning on washing your hands, reducing social interaction, but there's other things we know today,
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because we have sequenced what has caused your microbiomes, the bacteria in your body. more than 90% of the bacteria in your body is not human. there's good bacteria which can prevent you from getting disease , focused on diet, what you eat, how you live your life, et cetera, so it isn't just the external things but the internal things that can prevent you. what we do know in numerous situations when there is a challenge, that the number of cases of the flu goes down, the number of other diseases as people are more focused on prevention and it not only prevents other diseases, but it might reduce the impact of this one. maria: you just mentioned diet and i know that at one point you were given a death sentence. you were told you have prostate cancer you're going to die you have a certain amount of months left. you changed your diet, you rallied up the most important and sort of innovative technique
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tell me what happened real quick on that before we get to the next item which is want to go through treatment with you. >> well what we do know for numerous cancers, and other diseases, your diet can change how your genes are expressed and reduce the growth of diseases like cancer, and in some cases, maybe prevent you from getting. we need people's immune system and yes, there's things like sleep and others that can energize your immune system and last year, jim allison won a nobel prize for this concept that energizing your immune system quite possibly and turning it on can put your cancer into remission and in this case, melanoma, which took my father's life in the 1970s and has changed my life and focus forever. maria: wow incredible. mike, let me ask you want to talk about treatment now. this is another category. what should we be doing, at the
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same time we're about to see the number of cases in the u.s. spike. two weeks ago i came on this program and i told the audience brace yourself, the number is about to go up and that is exactly what's happening there are worries that there is going to be a major strain on our healthcare system, mike, that we don't have enough beds. we don't have enough ventilators et cetera. what are we going to do with that as you also look at treatment and what's most important for the public to understand? >> well these six areas of education that we talked about, prevention, testing. testing is going to change dramatically. in nebraska they've announced they have the test down to two hours and i'm sure it will become faster. we can't talk about all the mistakes or what went wrong in past. we need to focus on how to ramp up testing and the videos that you show from the president's press conference on friday show you just like pearl harbor, private industry and public
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partnerships are mobilizing today to deal with the testing problem. that will be behind us. treatment, what is working? we know the gilead anti-viral treatment has already gone into patients. there are more than 30 antiviral treatments that we are testing today. it was not that long ago when the leading talk show host, oprah, went on television and to americans that as much as one out of five americans might die in the next three years, it did not happen. we do not have a vaccine for hiv and aids but antiviral has brought it under control for the vast majority of people in the world today and so the treatment of with antivirals , the treatment with antibodies and the things that can energize your immune system and put good bacteria in
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your body are already occurring in cancer and crohn's disease, and have been very effective, so everyone is concerned how long it's going to take for a virus. there's a high probability that we will control this disease with antiviral and other treatment long before we have a vaccine. maria: i see because they're talking about a year with a cure , a year for a vaccine, based on what you know and it's studied in terms of medical research you think just the antivirals, the therapeutics could actually be quite significant even if we don't have a vaccine for a year? >> and putting good bacteria into patient's bodies. maria: i see. there are numerous americans that have had good outcomes. this virus has very little effect on us. we could take their good bacteria and put it into other individuals. maria: mike let me ask you about financial because obviously, sports has shut down, concerts are shut down, people are not
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spending money you're not allowed to be in big crowds. what is the answer here? you heard some of the stimulus that we've talked about this morning, congressman mccarthy, peter navarro talking about a fiscal stimulus, what to do about the u.s. economy slowing down as much as it is and possibly going into recession mid-year? >> well that is the sixth area that we're focused on, once again, education, prevention, treatment, cure, how we're caring for people and cure, and then financial. the majority of americans, the vast majority of americans live paycheck to paycheck. we have to keep this feeling of economic freedom for them and their families, and likewise, more than 50% of all of the employees in our country work for small and medium businesses. those small entrepreneurs that have reached out and created a business and so i think there's a number of things we can do and
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we are extremely focused on this area, as to how we can bring freedom. there are new companies in america today, digital companies , that loan money to people to cover paycheck to paycheck, charging no interest. they've interacted with tens of millions of americans and have the ability to distribute money to them, so these creative solutions, we need to let americans, particularly the vast majority who have lived paycheck to paycheck know that we are not going to for sakes them and let them deal with this issue. maria: mike it's good to have you. we'll leave it there. >> i'd like to say one more thing, maria. maria: sure. this has emphasized before, we have solved these problems with polio, with aids, and hiv, and we have made enormous progress in concert cancer, and cancer drugs that we have might be the
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solution here, but we have to stop, starting and building a health care system and then dismantling. we have to keep this in place, so that every time, this isn't an emergency. maria: absolutely, mike it's great to have you this morning by the way congratulations on a well-deserved pardon we appreciate you joining us this morning. >> thank you. maria: we'll see you soon. mike milken joining us we'll take a break and when we come back, devon nunes dives into the china investigation once again we've talked about over the last several years with the congressman, back in a minute with him. as a struggling actor, i need all the breaks that i can get. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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maria: welcome back president trump declaring a national emergency, over coronavirus in order to expedite relief aid and testing to states nearly 3,000 cases in 49 states, so far west virginia is the only state not reporting any cases of covid-19. at least 57 americans have died, as the house passes a bipartisan aid package to ease the economic fallout.
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joining me right now is congressman devon nunes ranking member of the house intel committee, he's also a member of the house ways and means committee and congressman it's good to have you this morning. >> great to be with you maria thank you. maria: i want to get into really your investigation into china, which goes back years, which you and i have spoken about in the past, but first give us your take on the administration's response to coronavirus. >> well most importantly, i think what american people have to understand is we need to stop panicking here, okay? there's no shortage of food in this country. people don't need to go to the store and fight over a bottle of water or toilet paper. i come from the bread basket of the world in the san joaquin valley and we want people to go out and buy food but there's no shortage of food. the main thing that people need to focus on is just a couple issues. number one, if you're sick, at all, be smart. stay away from people. number two, if you know someone
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that is senior, or if you have an underlying health condition especially with your lungs, you are at high risk, so we need to focus all of our energy, on our senior population with underlying health concerns, and there is no reason, maria for the american people to be running to the grocery store, to buy 27 banks of toilet paper. okay? maria: [laughter] >> there's no shortage of toilet paper, no shortage of food coming from someone who we want you to buy food. maria: right, i understand. >> and i'll say this too. i'll just say this too. you were just talking about the economy, and where there's a lot of concerns with the economy here because p.m. are scared to go out but i will just say if you're healthy, you and your family it's a great time to just go out and go to a local restaurant, likely you can get in easily. let's not hurt the working people in this country, that are relying on wages and tips to keep their small business going.
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don't run to the grocery store and buy, you know, $4,000 of food. maria: they are cleaning off the shelves. we want to be very sympathetic to what's going on particularly because it started in wuhan, china but why is it that so many of these diseases, these sicknesses originate in china? what is the issue there? >> well as you know, we've been looking at china for a very long time, the republicans on the house intelligence committee and we're actually building legislation now that's based off of our investigation that we've been conducting for a while, so look, the chinese, they are a communist dictatorship, and i would just say it's probably as easy as this to understand. they are in efficient, okay? they can, they have people that are under authoritarian control. think about it the doctor that actually was the whistleblower on this ended up dead, okay? and if you look back to what the chinese did, back they
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probably had this in the late fall, especially early winter, they didn't, you know instead of like calling people in and learning how to help and develop that -- maria: they downplayed it. they downplayed it. maria: hold on one second congressman quick break and we'll come right back stay with us. [ fast-paced drumming ]
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maria: welcome back i'm back with house intel ranking member devon nunes, and congressman, before we went to the break we were talking about china and how we downplayed it and we'll continue talking about that and that's a major issue and it actually accelerated things on the downside for the rest of the world but i've got to get your take before you go unifies a on what you were able to accomplish this past week because you were able to get things into the fisa rework that are very important and that weren't there before, can you walk us through the two things that were most important in terms of the fisa reforms?
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>> well, i think what the american people need to understand clearly, is that fisa doesn't go away. it's in permanent law. it's only the issues that we passed after the patriot act that target terrorism directly that go away next week, so title i of tice a which was used to target the trump campaign and carter page, we were able to come to an agreement to open up that to take care of the things that happened to carter page so as of right now there's no way to get fisa to go away. the democrats are not going to vote to abolish the fisa court system. so we got as much as we possibly could, in terms of ensuring that the people if they do this again they will be held accountable, and i think most importantly, we as members of congress on the intel committee, we would have access to these fisa transcripts, and all of the underlying documents and why is that important maria because as you know, i had to come on your show, month after month
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after month for years saying that doj won't give up these documents. maria: i remember. >> well now it's clear in this law, that they will have to give these documents up to congress, so if there's a leak we be able to quickly go and do an inspection, unlike what we've had to deal with over the last three and a half years. maria: this is really important so you have the access that congress has access to the documents you need and the other thing you did was put a compliance office in there. >> that's right so if you're going to and i look at it this way because there's a lot of americans who want to abolish the system but right now the democrats control the congress so they aren't going to allow us to abolish the fisa court system and build something back. maria: real quick. >> in the meantime this is a significant change that we are able to get into this new bill. maria: a new compliance office. that will oversee? >> a compliance office that will keep the records and then access for congress to actually go and inspect those records. maria: i see. >> which was the problem we had over the last three years dealing with this.
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maria: i remember. you would come on here and demand documents to see what was going on, and you weren't getting them. congressman thanks for all your leadership great to see you this morning sir thank you. devon nunes, have a great sunday everybody thanks for joining me at fisher investments, we do things differently 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. so, what's in it for you? our fees are structured so we do better when our clients do better. at fisher investments we're clearly different.
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from across the city to come to this fellowship distribution spot and get food that they can't afford. (sorrowful music) - [announcer] there is an emergency food crisis for elderly holocaust survivors in the former soviet union. - [yael] this is a crisis. these elderly holocaust survivors are struggling to survive. they're starving, have little money for food, electricity or medicine. - [announcer] just $25 provides one needy elderly holocaust survivor in the former soviet union with a special emergency food package that contains a note saying it's from christians and jews in america who want to bless them. call now. please call the number on your screen. - in ukraine, there's no support network. they don't have food cards or neighbors that come in to help. they're turning to us because they have nowhere else to turn. the bible teaches blessed is he whose help
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is in the god of jacob. he upholds the cause of the oppressed and gives food to the hungry. - [announcer] these special passover food packages represent a gift of life for destitute, elderly jews in the former soviet union. just $25 provides one elderly holocaust survivor with a special emergency food package. call right now. please call the number on your screen. - [yael] what i pray is that you won't turn your eyes, but you will look at their suffering and your heart will be changed. - [announcer] we pray that god will move upon your heart and send an emergency gift of just twenty five dollars so that we can help more frail and lonely elderly holocaust survivors in the former soviet union before its too late. (sorrowful music)
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> anncr: the following is a paid program from joel osteen ministries. [music] >> joel osteen: god bless you, it's a joy to come into your homes, and if you're ever in our area, please stop by, be a part of one of our services. these are the finest people in all of houston, texas, right here at lakewood. but thanks for tuning in today, and thanks for coming out. i like to start with something funny, and i heard about this man, he was the only protestant in this large catholic neighborhood. every friday during lent, while his neighbors were eating cold fish, he was in his backyard grilling a steak. they couldn't stand the temptation and decided to try to convert him to catholicism. he finally agreed, a pri
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