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tv   Bulls Bears  FOX Business  March 22, 2020 8:00am-9:00am EDT

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we. beshave, good night, god bless. . four and a half%. we'll see where we are and we will see you monday. >> "bulls & bears" no. david: the state of california is now virtually lockdown. new york and illinois following this weekend but day five of the administration's 15 day plan to slow the spread, president trump today said he's not looking at the possibility of awful national lockdown. listen. >> i don't think so. essentially we've done it in california and new york, those are two big places, the two hardest of them all. s&p and spots in florida, too. if you look at it, problems like you wouldn't believe. so no, we are working with the governor's and i don't think we
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will find that necessary. david: the number of confirmed cases, 16000 and death toll rises to 216. the dow had been positive this morning though until new york governor cuomo announced a stay-at-home order for one 100% of new york's so-called nonessential private workforce. devastating news for the financial capital of the world. the dow closing down 927 points. this is "bulls & bears", we've got you covered on all of the latest news. david as men. edward lawrence is looking at the 1 trillion-dollar stimulus package being debated now on capitol hill. like berman has developing news from the white house. >> as for that trillion dollar stimulus package, nancy pelosi spoke by phone this afternoon, earlier today at the white
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house, president trump spoke with chuck schumer as well. the president is saying today they are not that far apart. the hope is that this trillion dollar package can get to the white house sometime next week. >> we had a very good telephone conversation, extremely good with each senator schumer a while ago. we are working on various deals. >> we need to work together quickly and do something big and bold to help the american people. this is one of the worst crises we face and we must act togeth together, swiftly. >> stock buybacks, president trump saying today if companies, major corporations get relief, the legislation should include language that can be turned around, the money to turned for buybacks. treasury secretary steven mnuchin announced the filing deadline would be extended for everyone. earlier this morning, he tweeted i encourage all taxpayers who
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may have tax refunds to file n now, to get your money. the working for relief as well with the treasury department is that the states will end up pushing their tax filing that line back as well. there are two different systems. federal and state systems. they are automatically tied to the federal system but we are being led to believe that guidance from the treasury department and irs should be coming soon. david: couldn't happen soon enough. i meet with my account tomorrow. we'll see what happens. thank you very much. mitch mcconnell today setting a midnight deadline to reach an agreement on a stimulus package. edward lawrence has the latest. >> in the last 30 minutes, the senate majority leader mitch mcconnell filed a closure on a shout of a bell. it set the limit on when the debate can be setting up a vote on monday in the senate. this is a moving process. bipartisan workers working on areas to come to an agreement to
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the president wants and republicans want. to make sure the bill can get through the house of representatives. mitch mcconnell sang the american people need this quickly and he wants an agreement tonight. that vote can happen on monday. >> the game plan remains the same, they will vote on a package in the senate on monday. >> the stimulus will not just help workers but also businesses devastated by the fallout from the coronavirus. level can sing there's no way to help people if there's no place to go back to when this is all over. chuck schumer is negotiating on behalf of house democrats. >> the process he has chosen is not one i would have chosen. without the house, it closes things down. but we must make it work and we will. >> he wants to make short and
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bailout certain industries, the money cannot be used to lay off workers. it will be used do not lay off workers and keep operating rather than other postmasters. small businesses can also get guaranteed loans to be converted to grants if the small businesses use it to pay workers and not lay people off as well as basically keep the lights on with their businesses. there are also direct payments going out to most americans. the irs will hughes 28 tax return and you don't have to do anything to get it direct deposited or a check. >> thank you very much. let's bring in the panel, gary smith, adam and john. john, the "wall street journal" editorialized today against complete shutdown to stop the business, learning the cost of our national shutdown is going to result in tens of millions of jobs lost in disappearance of thousands of small businesses according to the journal, no society can safeguard public
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health for long at the cost of its overall economic health. governor cuomo make a mistake with this one 100% shutdown order today? >> i've been saying this monday on, how can we completely shutdown capitalism and expect things to be business as usual and only three to four weeks? we don't know how long this is going to go. yes, we are concerned about the spread but just like everything else, we have to focus on balance. we have to make sure that we give relief to the supply-side as well as demand-side and also try to restore some sense of normalcy during the crisis with respect to how long. right now, businesses, working class, we don't know how long this is going to go and like you said, the governor is ordering a complete shutdown of new york. we have to to strike some balance but we have to give relief to small businesses and people concerned about the bills
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because they are concerned not about only the virus but also about their livelihood. david: i know you're in san francisco and support the shelter in place, we talked about yesterday. governor cuomo justified shutting down, it saves just one life, it is worth it but think of how many lives will be destroyed if those businesses just go away. >> read the editorial very carefully, especially after our conversation yesterday and i agree with john's.about balance. i thought the part, the editorial didn't say, i think that balance would say you do this immediately. you don't know how long it's going to last but let's make up
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a number. let's say at last two weeks and it had a meaningful impact and we can think of other things like and again, i making up policy because everyone is making a policy. let's say we then went to 50% instead of 0%. that would save lives and perhaps save business. i don't know but i think it's the right thing to do to try to save lives now. >> i'm kind of an agreement with the "wall street journal" editorial, if you take the combined economies california and new york, that's 20% of our gdp. the back to adam said, shutting down for two weeks, it's not going to be one 100% of the economy, essential personnel but even if you take say for a couple of weeks, 20% of the 20%, but still what, 4% of the gdp? the effects would be devastating. not talking just a mild recession.
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i'm talking about growing a country almost immediately and it lasted longer than a few weeks and again, i don't know when you pull the plug. i don't know after two weeks you say okay, well only a couple hundred people now are dying. it would be devastating but to go back like cuomo said if we save even one life, that's a heck of a trade-off. in new york $1.4 trillion. david: many lives could be destroyed, we saw what happened, he mentioned the great depression, many people jump out of windows back then, god forbid what you think of people's lives being fluent in what they do in despair, john, nobody knows how much the economy is going to retract but we know it's going to contract dramatically. they came out with an estimate that in the first quarter, it's going to be down 6%, second quarter 24% interest one quarter. the biggest down your in the
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20th century, during the great depression when we were down 12% in one of those years. could we rivaled the great depression if we close down this country that long? >> it's a positive loading. for every day and every week the economy is shut down at some percentage, there's a compounding effect and it doesn't come back as quickly. you have to think about supply change in the interdependency of our economy and no one's talking about the tax revenues. if businesses are losing money, if people aren't paying taxes but at the same time, we are talking about trillions of dollars of stimulus, that's going to be kept in. david: that's called money bring. only the federal government can
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do that, cap estates. thank you very much. we are going to see more of the panel coming up later in the show. the coronavirus continuing to overwhelm hospitals and medical centers all over the nation. all over the world. two doctors have created to help ease that dangerous overcrowding. that's next. ♪ alexa, tell me about neptune's sorrow by olivia watson. it's a masterstroke of heartache and redemption. you didn't read it, did you? i didn't but i will. the lexus nx. modern utility for modern obstacles. experience amazing at your lexus dealer. but allstate helps you. with drivewise. feedback that helps you drive safer. and that can lower your cost now that you know the truth... are you in good hands?
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actions to help prevent the spread of respiratory diseases. wash your hands. avoid close contact with people who are sick. avoid touching your eyes, nose and mouth. stay home when you are sick. cover your cough or sneeze. clean and disinfect frequently touched objects with household cleaning spray. for more information, visit cdc.gov/covid19. this message brought to you by the national association of broadcasters and this station.
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of broadcasters that's it. i'm calling kohler about their walk-in bath. [ sigh ] not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind.
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united states hospital system is on the verge of a tsunami of coronavirus but in an effort to decrease overwhelming strength and medical centers and professionals, our next guest is from emory university, he created a free online tool to help people check their risk of covert 19th before making the trip to the hospital. doctor elex is with us now and we should mention, the co-author of this site, we are trying to get him and we are having difficulty with the signal. explain for us how this see 19 check.com works. >> i want to acknowledge another one, people are going to be developing signs and symptoms of illness. where in the middle of a covid-19 pandemic. people are going to wonder whether or not they have the
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illness or where they should go and what they should do. what this tool does, it built based on cdc guidelines that are widely available on the website, so medicos on this checker, they enter their age and what signs and symptoms they are having their asked about underlying medical conditions. we know people with covid-19 and also underlying medical conditions would be at risk with more serious illness. by answering these questions then, the person is directed to, please dial 911, if they have severe chest pains, shortness of breath, inability to keep down water. the checker says you don't seem to have serious signs or symptoms of illness but you may have underlying medical conditions that put you at greater risk. we encourage you to go and call your physician and get guidance. for those that are young and healthy, no underlying medical conditions, no serious signs or symptoms, you may have some
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similar symptoms, same thing, they get the message that you don't seem to have anything serious right now but you should get checked out. the goal here is that if everyone decides they are going to run to the doctor's office right away go to the er right away because of their concerns about covid-19, the system is going to break. david: i think we've seen some of that in italy. that's one of the reasons they are having the problems they are because as soon as people think they have symptoms, they go in. there are not enough beds for those who are really sick. doctor david wright, one of the co- creators of this, it's called c-19 check.com. looking up, i played with it a little bit and i plugged in only a headache and with just the headache, i said call your doctor. i'm just wondering if you're being a little overly cautious here.
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david: hold on, that's for doctor wright. >> no problem. we want to make sure that if someone has a significant issue, they contact their physician to discuss it. this is not a diagnostic. we want to be very careful about this, this is to provide education to the patient to sort of empower the public and the patient, know what to do next. as he alluded to, it's based on the science the cdc has already put out and yes, it will direct you to contact your physician but avoid going immediately to the emergency department unless you have a serious condition. david: i hate to ask this next question because we seek too many lawsuits around but do you worry about lawsuit? somebody might plug in something and get sicker and what your
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website says. >> that's a great question. here's how i respond to that. there's no substitute for the doctor/patient relationship. right up front, if you go into access this checker, it would advise you that you should seek guidance from your physician about your medical condition. what we are trying to do is because we think there's going to be such an overwhelming number of people that are going to access healthcare because of the concerns they have about their signs and symptoms, we are just trying to help guide them to the information already available on the cdc website, to inform them about where they should most appropriately get their care. david: i should say, the very clear, easy to use website about the symptoms listed are very clear and easy to understand so it's a well designed program. i just want to switch to the question of how prepared our
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healthcare system is. for other shortcomings, everything and everybody has shortcomings. we still rate pretty well compared to what's happening in the rest of the world. maybe the exception of south korea but we have a mortality rate, when you look at the overall numbers, about 1.3%, 1.3% of the people who actually get the virus, die as a result. in italy, that's over 8%. in all of europe, somewhere around 5%. we are still doing pretty well in this country, are we not? >> i would say, i think we are pretty early in the curve, it came to our country allotment later than some of the other places we are seeing across the world. i'm not sure we know get where we are. from what the overall mortality is going to be but i think we have a great healthcare system.
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our physicians are some of the best in the world. we do have that advantage. david: we are going to talk about manufacturers retooling some of their operations to provide what we don't have right now, what we have in short supply. you think that's going to come online soon enough to avoid the situations like they have in italy, or uc patients in gurneys in the hallways and such? >> i think it's going to be a combination of a number of things. everything you hear about social distancing, keeping people apa apart, if you're sick, don't going to public spaces or go to work, all these things we do to keep the numbers of sick people down is going to be critically important. with the health systems preparing for the search, it's critically important. in addition now, efforts made to make the protective equipment available, and swabs were available, all that together is going to help us get through that. david: one of your patients is
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calling you. i hear a cell phone vibrating. once again, c-19 -- the c19, that's all one word c19check.com. it's a easy to use device. i appreciate it. local and federal governments throughout the country ramping up measures to combat the coronavirus spread. california's governor making a major and controversial decision for his state. a report from the golden state on what you could soon seen seee you met on an app. delete it. why? he's the one. gesundheit. [sneezes] i see something else... a star... with three points. you're in a... mercedes. yeah, we wish. wish granted. with four models starting under 37 thousand, there could be a mercedes-benz in your very near future at the spring event. lease the a 220 sedan for just $349 a month
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dr. jerome adams: a question i often get asked is, "why should young people care about the spread of coronavirus?" well we know that people with underlying medical conditions over the age of 60 are at highest risk, but they've got to get it from somebody. dr. anthony fauci: social distancing is really physical separation of people. dr. deborah birx: it's what we refer to when we ask people to stay at least six feet apart. dr. anthony fauci: not going to bars, not going to restaurants, not going to theaters where there are a lot of people... it all just means physical separation so you have a space between you and others who might actually be infected or infect you. dr. jerome adams: we all have a role to play in preventing person-to-person spread of this disease which can be deadly for vulnerable groups. for more information on how you can social distance please go to coronavirus.gov
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only essential businesses will be functioning. people can work at home, they would bring it to one 100% of the workforce must stay home. david: that news sent the market tumbling. andrew cuomo telling president
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starting sunday, they have to stay home. he's not alone, gavin newsom also issuing a statewide order, limiting outside activities to walks, exercise or essential food or medical care. here's more on all this. >> gavin newsom said 56% of the population here will be infected if the state does not act. 25 million californians, 20% could require hospitalization. he imposed this complete shutdown of the state for four weeks. >> if we are to be criticized in this moment, let us be criticized for taking this moment seriously. let us be criticized for releasing full force in meeting this virus had on. >> california has 78000 hospital beds and needs 20000 more. they are hoping to convert hotels and campuses.
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they made the same request. california has over 1100 positive cases that's up 20% or more from yesterday. experts say thousands more are already infected. without the state in place order, the virus will crash the healthcare system. >> if we meet this moment, we can bend the curve to reduce the need to search and reduce the need to have to go out and cobble all the assets together. >> two l.a. lakers has a positive and a commander, a slippery. they are helping provide security at grocery stores and hospitals. they have a special testing protocol to keep as many on the street as possible. the stay in place order closes all essential businesses, gas, groceries, banks, hardware and drug stores, drive-in and take-out restaurant.
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you can leave the house but not gather in groups of ten or more. >> we don't take these steps lightly but we take them firmly. this is an act of love in the city we left. this is l.a. love. >> the order is mandatory but violations are a misdemeanor. as for the economic impact, california averages about 2000 unemployment a day. wednesday, it received 80000. david: that's just the beginning. governors order to set down nonessential businesses, who and what really define a central business? in a memo obtained by a news source, game stop is reportedly telling its employees, due to the products we carry that enable and enhance our customers experience while working from home, we believe game stop is classified as essential retail and therefore, able to remain open during this time. game stop claiming today that while they are best known for their entertainment goods, the
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company provides products and devices that facilitate remote work, distance-learning and virtual conductivity. a manager report of the claimant the company is now showing very little care for employees but we will see how this works out. they will probably go to the courts. the senators are getting slammed for selling off millions in stocks before is off the market react to the coronavirus pandemic. we are going to break down what that mean, what should happen to them, next. my money should work as hard as i do. so i use my freedom unlimited card to buy all the latest tech stuff. today, i'm earning on a charger.
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senators from both parties facing troubling accusations and selling billions of dollars worth of stock after they had coronavirus briefings but before the pandemic actually caused markets to crash. reaction on capitol hill. >> lindsey graham saying colleagues for selling out stocks before coronavirus crushed the market, it's a good thing.
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>> disclosures so you can look at it in the system. >> those facing scrutiny, senator is the only one to practice taking responsibly for personally selling off $1.7 million in stocks. the chairman of the telogen committee and he's brushing back accusations that he used closed-door classified information to guide his personal investment decision. the sender saying that it was actually news reports that tipped him off, saying i relied solely on public news report to guide my decision regarding the sale of stocks february 13. diane feinstein explaining her husband to -- i report my husband financial transactions, i have no input into his decisions, it was unrelated to the situation. senators are blaming their advisors for making these sales. >> first of all, i was at the
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meeting. i was not part of it. i became chairman in the senate, knowing that's one of the major committees. >> if you look at the transaction filed, it notices at the bottom, that i'm only informed of my transactions after they occurred. >> senator burr asked the city to launch an investigation into his situation. david. david: thank you very much. let's bring back the panel and gary, or to go to you. even if what they did wasn't a strict violation of insider trading laws, should these people pay a price for what they did? >> i believe they should. first of all, diane feinstein leaving her husband, that's so, nancy must be all over that one. the other guy saying i got it
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from news, first of all, any senator or congressman, if they have money to invest should be in a blind trust and they shouldn't be touching it at all. it's too easy to act on some news. this sounds very sketchy to me. i don't know what the right punishment is, fine or whatever but i don't know if it's the sec or justice department, they need to take action. david: kelly, her husband, you're talking about husband and wife and so forth, he does happen to be chairman of the new york stock exchange. she was a traitor herself so it looks awful, doesn't it? >> yes, it looks awful. no, i'm not going to come to their defense or feel sorry for them but i do think we should be asking ourselves at a time like this, is it relevant to the crisis at hand or is it not relevant? this isn't.
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burke calls for an investigation because he wants to clear his name which i understand and appreciate. i would say it's what the senate should not be doing is investigating. i'm not defending anybody but i don't think anyone should be focused on this right now. david: john, there's something called the stock act, thousand enacted in 2012. very much as a result of peter's work, the great investigative journalist, he wrote a book essentially about the way that congress is insider trade. the problem is, there didn't seem to be, we thought we had a stock that would stop this but was so full of holes, it didn't work. >> exactly. this is a situation here, he should be held at the same standard as corporate executives. they have to get trade whether you are buying or selling, preapproved. they also need to monitor the
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trading in terms of electronically submitting all statements. none of this self reporting or honor system or disclosures, it needs to be electronically fed into a system of review with the 30, possibly 60 or 90 day look back make sure there are no interest. why should we assume that our leaders are actually doing the right thing? we need to trust but verify. david: i think that's a great example of what we could do but again, unfortunately, these are the people work writing stuff laws. gary, that is why i think, forgive me for being cynical but this stock act has so many holes in it. >> it's human nature. if you see something coming along your desk, a bill that even proposes this, some of these congressmen and senators
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are worth a lot of money but others don't make a lot of money. making one or $200 on this, it's human nature. i understand it, i've been a traitor for a long time and i've had access to insider information that i had to hold my hands together to not act on. they need to put the money out there where they can't touch it. forget about any kind of reporting. >> we have to have high ethical standards. david: it's good to have high ethical standards. we do have one standard, that's an election. kelly, an appointee, she was appointed the position, not elected to it because the senator before her left, she's up for reelection in november. shouldn't the voters be the ultimate decider here? >> sure. i hate to be the one who sounds gullible but each had plausible explanations for why they weren't necessarily in charge of this.
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>> i disagree. >> is not that her husband made her do it, but she's claiming she didn't know. okay, every trade he makes but to david's question, i really doubt the floaters are going to throw any of these out. david: really? you agree, too, john? >> absolutely not. they don't know how the rules go but when your husband is in the new york stock exchange, your a traitor, you know how stringent the rules are by letter of the law but the spirit of the law also. you also know not only is your personal training unique but any account, whether it's your spouse or any account you control, it's over. >> that's got to be the last word. we could go on but thank you. good to see you. have a good weekend. viral case of who let the dogs out in cyprus, one man refusing
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to break quarantine by walking his dog from his balcony by remote control drone. if you can't see it, that's the leash attached to a drone. he's up on the roof controlling this and reminding viewers in a message to stay home for safety but not to forget about the happiness of the dogs. no evidence of a pooper scooper. a drone controlled pooper scooper. this time there's no evidence that companion animals like dogs or cats can spread coronavirus but stressesssss what's important to you? saving for ava's college. financial security. being able to retire. on our terms. no matter what your goals are, our trusted advisors can help you reach them. ameriprise financial.
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she is on the way to our house. what? i got it. alexa, set the temperature to 72. start roomba. mom. the lexus es. eagerly prepared for the unexpected. experience amazing at your lexus dealer. can we go get some ice cream? alright, we gotta stop here first. ♪ ♪ from smarter atms, to after hours video tellers ♪ ♪ comcast business is connecting thousands of banks to technology that turns everyday transactions into extraordinary experiences. hi there. how are you? 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?
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getting creative in a time of covid-19, businesses pivoting their products or something that could help fight the spread of the virus a distillery using it main ingredient for something other than drinking. here's all the details from illinois. >> distilleries from pennsylvania to california are doing this as well. the reason is because the equipment they have in their
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distillery is pretty much everything they need short of a few chemicals to make hand sanitizer. they were making bourbon here last week, they stopped that earlier this week. they got all the ingredients they needed, they've been crushing to get everything together and they are following the world health organizations recommendation to make that hand sanitizer. president trump also says there are talks with automakers might pigeon to make ventilators during this time. >> working with one in particular to make ventilators, they called us yesterday and they are working on a transaction. they are going to make ventilators. they say they've done it before, which surprised me but they can't do it very easily. >> president trump wouldn't say which one it is but we know general motors and tesla are standing by to make medical equipment and specifically
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ventilators if the government request them to. i care about distillery, i want to show you a finished product, this is the hand sanitizer they make and they are going to give it to local hospitals free of charge and after that, they want to sell at cost because part of the idea here is that they have employees they want to keep on the payroll for as long as they can and making hand sanitizer helps them do that. david: the factories open and keeping the people employed, god bless them. thank you very much. a lot of folks would argue that companies and factories deserve to stay open. keep making signature products since they are an essential part of the american economy. particularly, some may be temporarily repurposed, the defense production act to help in the fight against the virus. the ceo and president of the national association of manufacturers. great to see you. thank you for being here. i know you think manufacturing is essential to our economy. i think it is as well but make your case. >> we make everything including
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life-saving devices that people are relying on right now. so if any of our country make devices and may be part of a supply chain to the finished product. so we are trying to make sure manufacturing is considered essential at all levels, local and state government declarations, ensuring manufacturers can stay open. david: i see who are at home. in a factory, people are able to upper. i imagine you can space that out a bit but how can we keep factories open while keeping the workers safe? >> excellent question. we just had that discussion today with 3000 manufacturers, we could have had more but we bust the capacity of the phone points. brief engine manufacturers listening to a set of guidelines that cec is requesting. they are going to be finalized and get those two factors to make sure that all of our employees are safe and they can
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feel confident going to the workplace and not getting ill or transmitting the disease to someone else. david: be specific, if you could. some suggestions made about how to keep workers safe while on the assembly line? >> there's a lot of technical specifications about cleaning and distance between workers on the factory floor. making sure if anybody does contract the virus that there's a strict cleaning protocol for any area the employee may have touched including bathrooms and shared spaces like kitchens. we are pleased the cdc is coming out with that but more important, or just as important, you should know in your viewers should know manufacturers are pulling together to make sure we can provide as many healthcare products and equipment as we possibly can. surveying members as her request
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of the white house to find out what they might have in stock and everything from gloves to swabs to booties to mast and downs and respirators. in addition, they've asked us to see what manufacturers can repurpose the floors to make some of this life-saving equipment. we've gotten a lot of good responses. david: i do want to talk about that but the defense production act is the specific act the president has at his disposal, he said he hasn't had to invoke it because you have been stepping up to the plate, even sometimes before it's been requested by the white house. which is terrific. we knew our american producers had big hearts but we are seeing how big their hearts are now. he talked to the vice president, what did he tell you? what did you ask him? >> we've been in constant contact with the vice president because he's heading that task force. we are in touch within the white house as well.
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i want to say thank you for acknowledging what manufacturers do every single day. we solve problems and we make sure this country is strong and great. we have stepped up and it's been a great partnership with the white house, making sure we can get those supplies where they are needed, as quickly and efficiently as possible. david: you talked about repurposing now, i'm wondering how soon it would take, we are going to get this virus, the question is when and how soon it will take. how long would it take you to retool to the old manufacturing level? >> you mean if they were closed or if we were repurpose in? david: repurposing. >> it depends on the factory. it depends on what they might be producing and how close it might
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be to the product they are currently producing. for instance, i know anaheim or push and distilleries are producing hand sanitizers so that might be a little bit easier to put back in there production line and say the automaker making respirators, i don't know that. i don't have the expertise but they are going to be all different and how they are able to change their operations. david: finally, i'm just wondering, we have this one 100% so-called nonessential workers can't go to work, what do you think of these roles that essentially shut down and economy? >> i'm not a healthcare professional but i would like to listen to them and i trust the science they are giving us. this is clearly something we've never seen in our lifetime and god willing, we'll never see it again. but what i can tell you, everybody i talk to, whether at home or they are still reporting
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to work, we are committed to solving this problem together allowing them to rise to the challenge. david: staying safe and keeping our economy alive, i think you can do both of those things. ceo of the manufacturing systems, thank you. appreciate it. thank you very much. with pro sports on hold, nascar is going virtual. this weekend, her favorite racers racing on a stimulating track. we will see that next. ♪
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i'm your mother in law. and i like to question your every move. like this left turn. it's the next one. you always drive this slow? how did you make someone i love? that must be why you're always so late. i do not speed. and that's saving me cash with drivewise. my son, he did say that you were the safe option. and that's the nicest thing you ever said to me. so get allstate. stop bossing. where good drivers save 40% for avoiding mayhem, like me. this is my son's favorite color, you should try it. [mayhem] you always drive like an old lady? [tina] you're an old lady.
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virtually every store in the nation started canceling this include nascar but that has not stopped them. charting this week in your favorite drivers are going to raise virtually. gary has more. how does it work? >> they are going to head to a virtual version on sunday. a race and race car, pro invitational, they are going to fill in for the real nascar while it's extended through may. a company called i racing and you can raise it yourself. an amateur says for description, video games and stimulators, the
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drivers are 20 use multiple screens, very realistic stuff. many already do it for training and fun, we will see how the fans react. it looks really realistic. fox sports is going to run it live with jeff gordon in the booth. extra realistic feel. people need something to watch. nascar fans, everybody in sports right now, one of the commenters on fox news said i just watched frozen ii with my daughter again, i need something else. [laughter] the young kids, they are into these sports. david: i would think young kids would have the chance to drive with these people. some kids are better at these digital formats than older folks are.
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it's all virtual, you could have them drive along with the experts. we got to leave it at that. god bless you, enjoy the streets of new york. thank you very much. thank you all very much. once again, we do appreciate re. for fox nation, and fox news, thanks for watching. ♪ ♪. maria: hello and welcome to the program that analyzes the week that wasn't helps position you for the week ahead. what a week it was. [laughter] thanks for joining us everyone i am maria and coming up in a few moments right here treasury secretary steve mnuchin will join me details about the white house's response to the corona virus crisis and its impact on the economy. the coronavirus crisis continues three cavett, businesses have been shutting down, jobless claims spiking, markets taking other pounding as the dow jones industrial just this past week dropped below the 20000

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