tv After the Bell FOX Business March 23, 2020 4:00pm-5:00pm EDT
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cheryl: talked about 2, 3, $4 trillion. [closing bell rings] they made it very clear. they will do whatever it takes. this is unlimited qe, unprecedented. sylvia, jordan, thanks for joining me. that will do it for me. melissa francis, connell mcshane, take it away. melissa: waiting for relief but absolutely not going to get it. this market closing down oh, looks like it will close down about 600 points right here after the worst week for stocks since the financial crisis? we were down more than 950 points, worst part of the session. guess you could say better than than but not by much as the senate fails to advance the stimulus. too much fighting going on. it is not making markets happy. i'm melissa francis. connell: connell mcshane. i'm not happy at all. "after the bell," with the s&p 500 closing in negative
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territory. the nasdaq turned into the green the last few minutes. a lot of going on as always. we're waiting for update at this hour from the white house coronavirus task force that update should come about hour a little more than that from now. meantime let's get to the top stories as they develop on a monday. fox business team coverage with lauren simonetti in the newsroom in new york, blake burman at white house for us. hillary vaughn on capitol hill. blake, we start with you. reporter: connell, melissa, the negotiations get nearly two trillion dollar package at -- going on the white house, treasury secretary steve mnuchin, negotiating with top democrats. one of the top democrats he is confident this will get done. the white house had been hopeful this would get to the president's desk for signature at some point during this week. the vice president mike pence reiterated that timeline just a little while ago.
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>> president trump and i absolutely believe. sake of american workers, economy, seeing our country through the coronavirus, the senate and the house must act to pass the care act and pass the care act this week. it is time they got to work. reporter: we are now halfway into the new social distancing guidelines. over the weekend the president said we can't let the cure be worse than the problem itself. at the end of the 15-day period we'll make a decision which way we want to go. larry kudlow suggested today, that the economy would not be brought to a total halt. >> we can't shut in the economy. the economic cost to individuals is just too great. so let's see how this thing plays out. more testing is essential and we're loading up with tests now. that will be a big help but the president is right, the cure cannot be worse than the
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disease. we're going to have to make some difficult tradeoffs. i spoke to the president about this very subject late last evening. we'll look at number of different things. let's give it another week. reporter: the coronavirus task force is set to meet at the white house here right now. the vice president also said a little while ago, connell, melissa, one of the things they will be discussing allowing workers, critical workers to go back to work if they have been exposed to coronavirus so long as they are not showing symptoms and that they are wearing masks. a part of the discussion that the vice president says they will have, that could be a part, potentially of new guidelines coming down the line. back to you. connell: seems like a lot of debate developing about the timing when we go back. blake, thank you. let's get back to the markets for a moment. no floor trading at the new york stock exchange. so lauren simonetti is tracking things from the newsroom in new york. lauren? reporter: completely electronic today, connell.
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blake brought up, when do we go back? from coast to coast 100 million americans are stuck at home. they are under some sort of self-isolation order from the state. that means the economies in those areas are essentially shut down. the dow fell 582 points, off the lows of the session, down nearly 1000, because investors are looking at this, saying what kind of activity is out there? we got really dire predictions on how much the economy is going to shrink, contract in the second quarter. morgan stanley, by 30%. st. louis fed president james bullard, by 50% as unemployment spikes to 30% this is unheard of predictions right now. come in the fed before the market opened, we saw futures really move to the upside on this. buying whatever they can, doing whatever they can, whether treasurys, mortgage securities, loans for small businesses, money for consumers but it wasn't enough to help. what investors want right now is two things. they want congress to get this relief package together,
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stimulus together, they also want a cure. i want to show you some green. when we talk about treatments and vaccines, these are some of the stocks that did well today. regeneron, they're promising a treatment using one of their rheumatoid arthritis drugs. also heart therapeutics, are working on a vaccine for coronavirus. as you can see there, there is green for you. also take a look at netflix. i know a lot of us are stuck at home, watching a lot of netflix. baird says there is very little sports on television this is good for netflix, up 8.25% today. apple moved in the other direction. instinet said they are severely constrained, consumer demand is not there. apple is no longer part of the one trillion dollar club. in fact the only member that is, used to be four companies, connell, just microsoft. bad day today on wall street. if you think where we are from the february highs, down over 30%. we could go even more financial crisis.
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broader market was down 57% from the recent high to put it in perspective for you. connell: yep. dot-com bubble as well. we went down more. lauren, thank you very much. lauren was talking about, today does mark the first day of awfully electronic trading at the new york stock exchange. no floor traders involved as the floor has been closed for the time-being. teddy weisberg, spent so much time at the floor. he was working there more than 50 years. kind enough to join us now. teddy, not to have floor trading, your impression of how the trading went without, without the human beings? >> of course, i'm, i'm talking to you remotely as i was dealing all day but i have not heard anything negative. so i assume it went, it went fine. i think as i recall, after hurricane sandy, we also went all electronic for a couple of
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days. connell: one of the things that's come up this time because, so much time has passed, there has been so much electronic action in every other market is that, now that they have closed the floor, will they at least give a thought to maybe not bringing human beings back, at some point going all electronic permanently. what do you say people calling for that now because some are? >> well, as long as i have been a member of the stocks exchanges people have been calling for the demise of the trading floor. that goes on for 50 some odd years. i don't presently go there stay to day anymore but the folks that are there perform a function, they do a good job. the stock exchange has done a pretty credible job combining both electronic trading and the human element and i, my own personal opinion, clearly i'm biased because i spent so much time there, trying to be
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objective, the combination of the two is actually quite positive. i think this is a temporary pause. we will see, we will see human beings back on the trading floor for as long as probably, as long as we both can see. connell: teddy, give me one answer then, before we let you go on the, what we've seen in this market, lauren simonetti and in her reporting did comparisons to past crashes or big-time selloffs that we've seen, 1987, the charts even look a little like 1929. i will not make the joke saying you were there for that but i know you remember '87. how would you compare now to then? >> i like to tell folks, and your viewers or listeners, i've seen what i call major debacles in my career. the 73, 1973-74 time period where the average of the dow is down 50% from the trading highs to the trading lows.
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the crash of eight sy testify, let's -- '87 was just a one-day wonder. down 32% in one day. 08-09, we were down 50% from the trading highs to the trading lows. i wasn't around for 29, i'm sure it was not dissimilar to what we're experiencing today you about there is one major point that i would like to make here. as a result of crash of 29 we had the securities acts of 32 '33 heart sail rule and -- they imposed the tick rule, that was to stop momentum on sell side. not stopping short selling but stopping short sellers from selling short on minus ticks. about 10 or 12 years ago, it was quietly repealed. now we don't have to go into that as why that happened but it happened. and i think one of the great
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travesties what we're experiencing today which apparently nobody seems to care about, is the removal of that tick rule, seems impossible of task of getting it reimposed because clearly the tick, the elimination of the tick rule certainly helps high frequency traders and contes, what have you, it is not in the public interest. at the end of the day we need integrity of these markets for for the public. connell: everything else seems to be on the table so why not that, teddy weisberg? we appreciate your time as always, teddy. thank you for coming on. melissa: the senate at a complete stand still. looked like they were making progress, no, all of that coming grinding to a halt on the biggest mainstream stimulus plan that we have ever seen. what is going to happen next? hillary vaughn standing by on capitol hill with more. hillary? reporter: right now the coronavirus relief package is in
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limbo. we've seen a lot of bipartisan blowups play out on the senate floor, including a few swear words. one member stood up, asked everyone to calm down, take a deep breath. republicans begging democrats from drop their plans to -- >> it is a wish-list, a liberal wish-list. it is just astonishing, they are delaying direct assistance so they can play to the liberal left. the extremists, the environmental extremists, labor special interests. we're here trying to fight for the man and woman of the on the street of you are hometowns yet they're fighting for the "green new deal"! reporter: expanding fuel he missions and wind and solar tax credits. democrats are pushing for transparency, strings need to be attached to the $500 billion for
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business. >> i frankly hope we would have a final vote. i respect and recognize in absence of transparency and accountability what will be the single largest bailout in history, many in my caulk with us are willing to keep putting brakes on for now and. reporter: with five republican senators in quarantine, they need 13 democrats, 12 democrats to get on board to push and begin debate on this phase three bill. melissa? melissa: what a mess. hillary vaughn, thank you so much. let's bring in one much my favorite guests dan heninger of the wj. hard to tell who is telling the truth. democrats say we're trying not to create a huge slush fund here. republicans want to give big business a lot of money. and then republicans say, i'm looking at quote from majority whip james clyburn, reportedly
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told his caucus that bill was quote, tremendous opportunity to restructure things to fit our vision. republicans say they threw on the brakes on the democratic side because they wanted to essentially jam the "green new deal" in here. what do you think the truth is? >> the truth is contained congressman clyburn's quote, that the democrats, especially democratic left, i don't think there is any real distinction inside of the democratic party anymore, the democrats do believe the coronavirus crisis, what has happened to the economy is an opportunity for them to force the republicans to put in place a permanent agenda involving things such as fuel emission standards, that have nothing whatsoever to do with getting help to the american people as quickly as possible. i don't know how you quite explain that, melissa. it is an extraordinarily cynical thing for them to do. i think it is a terrible
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political look but they seem to have been so determined and so gripped by getting their ideology in place, that they're willing to take that risk and put presumably the american people at risk right now. melissa: but you know, you see it as a terrible political look. the only problem is, depending who you tune in, listen to, mitch mcconnell is out there saying he was very upset saying that democrats that they had great bipartisanship going and nancy pelosi's private jet touched down, whatever she flies on, all of sudden that flies out the window. but when chuck schumer is standing up there, we want what is right for the people and they're trying to just open up the trough for companies. so i don't know. for the average person they don't have time to really sort through it, they don't know who is pulling what? >> a lot of people do have time on their hand now, melissa because they're out of work and
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are at home. if like me, you were at home sitting watching the senate floor debate, the parameters were pretty clear. you had senator joe machine -- manchin of west virginia, widely regarded democrat, denouncing corporations and wall street. corporations will be okay, wall street is okay. we have to take care of the common man. lamar alexander republican from tennessee, what do we think corporations are? corporations employ millions of average americans. that is what a corporation does. melissa: right. >> but nonetheless the democrats seem insist extent a corporation is basically 50 guys in top hats and tuxes running america. i think the average person watching this can see this is simply not what is at stake right now. melissa: all right. just a pox on all your houses, i guess that is a bad analogy right now, republicans and
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democrats seem like they're not helping. >> i think they will start making some political distinctions after watching this fiasco in congress this week, melissa. not a good look for democrats. melissa: dan henninger, thank you so much. no. thank you. connell: let's go to some numbers we're putting together, trying on a daily basis. more than 372,000 cases worldwide coronavirus. 41,000 of those right here in the united states. then we get to testing. we look at u.s. public health labs testing more than 67,000 people as of yesterday. the white house is promising 27 million testing kits to be available by end of march as medical professionals continue to race for a cure, at least for some kind of treatment. in fact we'll talk to a fox psychologist about a potential treatment, melissa, coming up next. melissa: all right, meanwhile, combating the crisis. one hospital is challenging the public to make masks, millions of them.
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melissa: supply shortage on the front lines. one washington state hospital is launching a 100 million mask challenge but now a local business is beating the call for more supplies. fox news's dan springer is live in seattle with the latest. dan? reporter: hi, melissa. before a big shipment of the federal government of supplies arrived on saturday, some hospitals in washington state reported they were days away from running out of protective masks and the state warehouse was empty. that dire situation prompted providence hospital to issue 100 million mask challenge literally seeking anyone's help, the response has been strong. people are sewing surgical masks and face shields in their home. the hospital is providing raw materials and sewing kits and volunteers stepped right in. providence treated first known case of coronavirus in the country back in january. now the state has had 2,000
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people affected and 95 deaths. the outbreak stretched supplies to breaking point. >> sounded an alarm to a few of us to say the shortage of personal protective equipment has gotten so critical that we're going to start to need to make our own. reporter: but before doing that, providence issued the mask challenge and has been pleased by the response, not only from individuals wanting to help, but from businesses. we found a furniture manufacturer who shut down the normal operation to start making safety equipment for health care workers. in the first two days he made 5600 masks and one thousand face shields. he is far from alone. so many masks are being made, prove defend -- prove defense pulled the plug on challenge, thanking volunteers, they're not longer issuing materials around sewing kits. the requirements are critical to protect health care workers for protection. the shields being made can help
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non-covid-19 patients and as last resort but canned be used for coronavirus cases. this many americans are definitely ready to help wherever -- melissa: melissa, people definitely want to help. dan springer, thank you. connell: so racing against time to try to find a cure or some sort of a treatment. could some drugs used to fight malaria hold the answer to slowing the spread of coronavirus? we heard about that over the last week or so. scientists are now saying they're showing promising initial results as a potential treatment. here now is dr. chris martinsson, a toxicologist and economic researcher. thank you for joining us. chloroquine and hydrochloroquine are drugs hearing about the president. some say he is too optimistic giving people quote, unquote, false hope. others say this is 70 mystic for use of these drugs. where does the truth lie, do we
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know? >> well the truth is we have a very small number of studies that have shown very promising results with the hydroxy sy chloroquine and phosphate. i need to caution you, these are not drugs that people would want a self-administer or do anything like that. they can be very toxic twice what could be considered efficacious dose. but in the early trials, the viral loads, one measure how patients are progressing through the disease were undetectible with the combination of hydroxychloroquine and siphromax. that watts positive itself. connell: if you were positive would you be comfortable trying these drugs? >> i would. china has exceptional treatment
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protocol. it is very complicated to treat people with this. you have to take into account comorbidities other drugs, first thing you could you will see if you have one of the mild cases with i is most everybody. if it seems to be progressing, there are other things that chinese recommended along the anti-viral lines first. then they recommended going to the chloroquine as the next step if those weren't working. yes i would be somebody who would say if i was on that progression and that was something that was, i was at the point where they were recommending i should take it i would take it. connell: you know, i just saw a headline crossing before we started speaking about the gilead sciences drug we were talking about as well. i believe that was developed during the ebola epidemic, remdesivir, right? and headline was that the fda, just looking down at my notes here, gives an orphan drug designation status as they call it for covid-19 for this particular drug. what does that mean and how
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promising is that treatment, do you know? >> it seems very promising. the very first patient who came to the united states, that would be patient number one back in late january back there in seattle area, they were, just their home, under self-quarantine, everything seemed to be going okay. they took a turn for the worse. they got compassionate use for the dose of that. that seemed to turn them around right away. other children call trials, early results say it works, works pretty well. this is something we have to caution. things like that they work, but we don't know everything about them yet because they haven't gone through the full safety trials yet. we'll discover things about them as we get better, you know, each of these drugs works well for patients who look like this but not like this. on these drugs but not those. with these morbidities over time but not those. these are not magic bullets.
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we hope they come along as soon as possible but meantime these are good developments. connell: we have some new information, dr. martenson coming in. we'll wrap it up there. appreciate that. very good info from you. melissa. melissa: "fox business alert" for you right now. stephanie grisham, the white house press secretary tweeting quote, president trump just signed an executive order to prevent hoarding and price gouging of supplies needed in our war against the coronavirus. this sends a strong message. he will not let those hoarding vital supplies, price gougers harm the health of america in this hour of need. it will be interesting to see what the mechanics of that are. meantime predicting a quote, unprecedented drop, industry experts say gas prices could hit a more than 20-year low amid the worsening outbreak. stepping up in a time of crisis, we're talking to one organization preparing and delivering 200,000 emergency meals this week alone.
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melissa: prices at pump taking a big dip. the coronavirus pandemic continues to slam oil industries with experts saying gas prices could drop to 99 cents, the lowest price in over 20 years. grady trimble is in park ridge, illinois with the latest. 99 sounds like a good thing? >> something we probably thought we would never see in our lifetime again, the good news is, gas is extremely cheap right now, 2.23 outside of chicago. this is a state by the way with one of the highest gas taxes in the country. the bad news is, people really can't take advantage of it especially states like illinois where there are shelter in place orders. people are just not as traveling as much. they're not endoing regular trips to work as much. the national average looks
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pretty good, $2.13 per gallon. that is one of the lowest national averages in several years. it is down 14% compared to just a month ago. so oil and gas prices have essentially fallen together, participate of the reason for that, people are staying home, not really going anywhere. so there is low demand right now. the other reason for that is the on going price war between saudi arabia and russia as they ramp up production. they're driving down the price which looks good at the pump but not so good for the oil producers as well as ethanol producers. here in the midwest the farmers, but it is good at the pumps. here are the stated where you see the cheapest gas right now. if you look for oklahoma, they're at about 172 per gallon on average. ohio and wisconsin not far behind there, wisconsin in the low 180s. and some of the analysts say we've been talking to, gas could fall0 cents more per gallon.
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look at that, subtract 70 cents we're around a buck a gallon, that is unbelievable if you have to drive. many americans might take the car out to top off at this point because they don't have anywhere to go. melissa: very true, grady. thank you. connell: all right. back to d.c. in a moment. we saw fireworks today on the senate floor. people getting fired up, both sides of the aisle, deadlocked over that more than trillion dollar spending bill to combat the pandemic economic impact. we'll break down the state of play coming up next. melissa: plus, a growing nightmare for small businesses. how one comedy club own certifying back and finding ways to keep the audience laughing. we need to laugh right now, connell. connell: mounting pressure, japanese authorities saying today they will start planning for possible postpone meant of the tokyo 2020 olympic games, likely to be postponed to next year. now a final decision is expected
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next. robert wolf joins us, fox news contribute to, former economic advisor to president obama. you have always had a good sense how the democrats see these things, robert. republicans have been quite critical today. the basic argument is that the democrats are trying to push things into the bill that don't need to be in this. you know, collective, more collective bargaining powers, higher fuel emissions standards for the airlines, hey, let's wait on that. let's get done what needs to get done. what is happening to the best of your read? >> yeah. so my read is probably a little different. this should not be partisan in itself is a oxymoron. in 2018 and nine i was running ubs. we were the fourth largest bank in the world. i was there for the lehman crisis, we knew we didn't have the answers. also congress knew they didn't have the answers. so you had to find a time where bush and obama had to figure it out because of the transition and republicans and democrats had to figure out. and paulson, who was secretary
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of treasury at the time, went on, was very clear we have to do this. the banks didn't like it at inception. congress didn't like it. and there has to be a deal to get done. what i would recommend is, you know, pelosi put out a deal which is about 2 1/2 trillion called, responsibility for workers and families act. you have the mcconnell bill which is like 1 1/2 trillion. my guess there is at least a trillion we just agree on. getting wages to those who have been displaced because of the coronavirus. helping small business. helping fund health care workers and what their needs are at home. and if, unemployment insurance extension. those things we kind of all agree. that is probably a trillion of it. and then go debate on the floor the corporate bailouts and some of the other things that i would say are equally important but of the ones that will have unintended consequences, right? anytime you take taxpayer
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dollars to fund public companies we know from the occupy wall street days, we have to be really strict on covenants. so i understand why we're at an impasse. what i don't understand is why can't we pass what we agree on? connell: well the thing here on timing, we talked about this over the last, well, seems like months, really been days, is that people, regular people, not, you know wall street or anything, regular people needed this passed last week. people already made decisions to lay people off and fire people. just to be clear, you think it is important to help the small businesses, right? that is not a bailout, that is not a slush fund, getting money to small businesses right away. >> you and i have been completely aligned on this. we started a week ago. a trillion of this should already have been passed, okay? whether we get to two trillion, there is a phase three and four and five, we don't know. but what we know right now people are being laid off. we know that unemployment will probably reach 20%.
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we know gdp is going to be revised where there is recession in the second quarter. we know things are happening right now. we can take care of those. that shouldn't be debate. that isn't even, that isn't even -- connell: squeeze in one more question, robert? we have a little bit of a delay we're working our way through but the debate here, make this a short answer if you can, developed really last couple days, do we reopen this economy? after the 15 days, or, you look at bill ackman say, shut it down for 30 days, then reopen it, do we need a time frame to help businesses on reopening or follow the dr. faucis of the world, medical side, keep this open-ended kind of process in place, do you have an opinion on that? >> i don't like to disagree with former ceo's, gary cohn and i like to stay in my sandbox, dr. fauci, whatever we should doing, we start the balance when
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this flattens it out. america women come out strong again. connell: i want to see what dr. fauci has to say on the topic at the briefing. always great to see you. robert wolf. >> thanks for having me on. melissa: all right "fox business alert" for you right now, british prime minister boris johnson putting the country on a nationwide lockdown, ordering all citizens to stay at home starting this evening to help stop the spread of the coronavirus, adding the government will reassess the measure in three weeks. there was a time when that would be big news. we would say, oh, boy, lockdown, most of the world is on a lockdown now. the uk joining in there. stepping up amid the outbreak, how one organization is working to insure new york city's elderly residents have a warm meal to rely on. less than an hour from now the coronavirus task force is set to give an update on the pandemic at the white house. we'll bring you any headlines
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on how they can help out in their own communities. we've seen a lot of these stories emerging. jackie deangelis in the newsroom tracking some of this for us. more on the business leaders and organizations offering a helping hand. jackie? reporter: good afternoon, connell. this one is sure to put a smile on your face. as you know we have big companies helping out, general motors of the world, but there are some small little businesses, people out there doing what they can. we talked about meals on wheels last week. they identified the elderly population and how in need they are, how vulnerable they are right now, they call them elder orphans. excuse me, one husband and wife team or about to be husband and wife team in tennessee, they own the crazy cubans food truck in oak ridge. they took all their food and supplies after the coronavirus pandemic broke out and started making meals for the elderly and servicing them. they basically said tennessee is a volunteer state.
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we wanted to do what we could to help. listen to what eddie chavez had to say about it. >> because of the shutdowns of the restaurants, also affected the, the food truck industry also. there is a lot of other food trucks got affected and shut down. we had a lot of events we were supposed to go to this week that got shut down. rather than just be upset, sit home upset and depressed. you know what? we have this food and all this need and stuff we can prep and use instead of letting it go to waste and throwing it away. reporter: there are some people right now that feel cooped up. they would like to try to do something but maybe they're not in position to. there are small stories across the country of kindness where people are trying to step up to help each other. eddie and his fiance said they ran out of supplies. they're trying to get more. they will continue to do it just as long as they can because this
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could last a little while longer as you know. connell: i know. thatthat is a good story from gd people. jackie, thank you. melissa picks up on that theme. melissa: one of the very organizations helping step up, city meals. serving all five boroughs. their mission to deliver meals to new york's homebound elderly, they have been doing this just after the rise of this virus. we have the executive director. thank you so much for joining us. i know this is one thing my nine-year-old is concerned about, how people are getting food at home. if there is any way to help them, you know, first of all, have you seen a big up tick and are you doing more than seniors right now? >> we are focused on seniors. and as you said city meals provides emergency, weekend holiday meals for homebound elderly seniors. about 18,000 in a given, given
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day. but we've seen a big up tick. we're also now feeding 22,000 older new yorkers who typically go to senior centers for their food and can't do that now. melissa: yeah. is it hard to do this, given, you know, i guess, how much more carefully you have to be in terms of having contact with people? one of the things that i know is so nice about what you guys do, you provide some contact for people who are shut in. i imagine now that you can't really do that. >> it has been challenging both to get quantity of meals out the door, but also, exactly what you said, you know. we're used to walking into someone's home and talking, handing them food. now we're trying to follow and following all cdc requirements, so keeping distance, wearing gloves. checking through the doors, someone there before we leave a meal. you can still have a conversation through a door and make sure you keep that connection.
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melissa: yeah. beth, what can people do out there to support you? i know one thing at this time you don't have any control over anything. you know we all feel, you know, out of control and kind of scared, one thing that helps us is helping someone else. is there anything the public can do to help you? >> the biggest thing is donations. we are packing and delivering last week 150,000 meals, 300,000 being prepared now at our emergency meal distribution center. to put that in context, last year alone, from the emergency meal distribution center we did 500,000 meals. so just in a several week period we will be coming close to that number. so i have to be honest and say, donations are the biggest help. citymeals.org at our website. you can be confident knowing that 100% of all donations from the general public go to meal preparation and delivery. there is information about
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volunteering. we had over 200 volunteers last week. really big numbers of people coming out to help pack as well as deliver meals. melissa: how do you source the food? where do you get it from? >> we are all over the country at this point. of course as local as we can get it but we're doing a lot of shelf stable food from the west coast right now. melissa: interesting. beth shapiro, city miss -- city meals on wheels executive director. we'll check out the website. help you raise donations because you're doing a good thing there. >> thanks, melissa. connell: more on impact all of this is having on so many businesses specially more and medium size businessed. comedy clubs across the nation have been hit hard by the outbreak. we're live from a venue in d.c. really trying to fight to keep
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connell: one of the many businesses that has been hit by this crisis, comedy clubs, one venue, laying off all of its employees as owners looking of just for creative ways to stay afloat. does not matter what type of business you are in so many people are dealing with this type of circumstance. rich edson at the club in washington with more. reporter: good afternoon some of the funniest comics come here every year, now the house is empty, folks are trying to make this work financially. in the comedy business, they have a unique responsibility. one to a community here, that is hurting. >> laughing right now would be
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the biggest tool to help us get by. the problem is that people who make people laugh, we're just like everyone else. trying to figure this out, i am wearing gloves right now. but, yeah, it is a very like, day-by-day. >> it is just powerful. yeah. so, i think it is important. i think we'll live on. wet will live on. i know it will. connell: dc improve hosting stand up and improve classes on line right now, it closed to customers, offering an incentive, spend $20 thousand, you get $25 in future credit oweb site, you can donate to a any fund me for late off -- gofundme for laid off workers and staff. the comedians are trying to move their classes on line as well. >> we hope for the best there.
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we could use a good laugh. this is about it for us. we'll ski that white house briefing in about 30 minutes. melissa: absolutely, another tough day in the market, we'll be back tomorrow. david: good evening i am david asman in for lou dobbs, who remains home on self quarantine, he is fine and symptom-free. we'll speak with him shortly, we're waiting a briefing from president trump and his coronavirus task force, as scheduled for white house later this hour. we'll be taking that live once it begins. president trump and republican party leading in the response to the coronavirus. the president calling on automakers, ford, tesla and general motors to make ventilators and other products to assist in the fight against the virus. trump administration pledging to go after the price
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