[inaudible]. cheryl: 14 seconds to bo. [closing bell rings] sean, chris, thank you very much. the biggest percentage gain on the dow since 1933. history just made in front of your ice. the dow up more than 2,000 points. that is it for "the claman countdown." now "after the bell." melissa: wow, what a day, look at the market there, closing up better than 11%. green on the board. stocks hoping on a 2 trillion-dollar stimulus package. i'm melissa francis. hey, connell. connell: melissa, i'm connell mcshane, this is "after the bell." we've had down days, but this is largest up day in history of point terms in the history of the dow jones industrial average, up more than 2,000 points. percentagewise we're up 11% which is nothing to sneeze at either. the best day for the dow was a 15% gain. team coverage of all the top

stories. lauren simonetti following markets in the newsroom. blake burman at white house, hillary vaughn on capitol hill, and edward lawrence with more reporting from washington as well. lauren, on this 2,000 point gain today we start with you. lauren: biggest point gain the dow has ever seen. rallied into the final hour of trading. what caused this? is this fact that donald trump wants to open the economy up by easter? is it fact the senate is awfully close to spending a two trillion dollar stimulus or both? the dow up 11.25%. the s&p and nasdaq up 208 and 557 points respectively. each had the second biggest point gains in history. a lot of investors today are saying this is the birth of a new bull market? have we hit bottom or is this just a temporary bounce? look, nobody knows the answer,

but credit suisse looking at the broader market, they see by the end of the year, s&p 2700, which is a 21% gain from yesterday's close. take that with a grain of salt. the big tech stocks we like to follow many of them left the trillion dollar club. apple back in it today. apple and microsoft back in the trillion dollar club. amazon, not so much but hey, maybe we'll rally tomorrow. look at price of oil and energy stocks today. this is the best-performing sector. obviously had been the most beaten up sector but it came back in a big way today. look, if the president is committed to opening the economy back up by easter that means consumers take advantage of goose at $2.10 nationwide. they are cutting pending this year but not touching their dividend. investors certainly like that. also finally, almost seems normal, the price of gold went

up. that is functioning market today of up to 5 1/2% gain there. what a day, guys, we'll see what happens tomorrow. back to you. connell: we'll get bounces like this. this is quite a bounce. lauren, thank you. lauren mentioned some of the president's comments he has been making about quote-unquote reopening economy. blake burman at the white house. reporter: the president continued to insist today that he would like to see the economy reopen sooner rather than later. as you know we're halfway through the federal guidelines that the president and cdc put forward but the president said today, he would like to see the economy move along two weeks from sunday as a potential start date. >> you know there were theories that we were going to stay out for four or five months and you can't do that you would destroy our country if you did a thing like that. we're going to be opening relatively soon.

port. i would love to have it open by easter. reporter: businesses to reopen and governors will have their say as well. i asked larry kudlow this morning how the federal government would be able to move along the economy? this was his response. >> guidance, probably best way to put it at this stage, guidance. we don't exercise any monolithic authority but guidance is very important. we've taken emergency measures. so we're all working together on this i have to be vague right now because this is just an idea that is beginning to build. reporter: he talks about guidance there, kudlow does. the president suggested today in the fox news virtual town hall, that the new guidelines could take up to social distancing in the workplace, which would allow people to go back to work under the new guidelines. to stress, connell, melissa, the

15-day guidelines still in place. we're only halfway through that time frame. back to you. connell: yes we are, blake burman live for us on the north lawn. thank you, blake. melissa? melissa: joining to us talk about all this, liz peek and gary kaltbaum. thanks to both of you guys for joining us. liz, anthony fauci, said it before, the problem when you give out a number that you own that number. now the president has thrown out there that he would like it to be back to business after easter. what do you think about that move? >> well, it is not going to happen but look, the potential is that we begin to relax some curbs on some businesses particularly states and communities where there hasn't been a big problem. there are many communities in the united states where business could go back to normal. there are places you can start up manufacturing as long as safety protocols, social distancing, so forth were in

place. i can see that happening but i think, the president will have to temper the expectation, if it indeed is out there, by april, easter, we're back to work, everything is humming along. that is not going to happen. today we saw a lot of optimism, starting with italy, the fact maybe they're getting the problem under control in italy. several nations appear to have conquered this problem and begun to set a more normal pace. i think that is what the expectation will be. by the way, if we get a good stimulus bill in place, i do think that will help. confidence, help people go back to work, et cetera. melissa: gary, what do you think of today's monster rally? >> way overdue. you had stocks down 75 to 90% in certain sectors. some of them were up 30, 40% today, but still down 60 or 70. this is about down 12,000

points, up 2,000. one thing, not only getting it from d.c. with the two trillion plus but jay powell's in there right now printing money. i would suggest at the rate of about $10 trillion over the next year if he continues. that is a lot of cake that gets added to the system. i think that's what is helping here. i heard they're buying up bond fund right now because bonds have been dislocated recently. i heard there were 10 point spreads in some things. so all hands are on deck right now. let's hope, you know, markets continue. markets going up definitely helps. i do agree with liz, i do not think easter is going to be the date but i get the fact that we're not talking about recession if we don't get back to business. we're talking about humongous drop in gdp and employment and that is tough to get back very easily. so that is going to be something to watch very closely. it will be all virus number

related. melissa: yeah. maybe we can restart some of the engines on easter. we'll see. stick around for us, you guys. connell, over to you. connell: well the other big discussion today was coming out of washington about stimulus as lawmakers have been negotiating here the last few days. hillary vaughn knows all about that as she has been covering it and joins us from capitol hill with the update. what is the latest, hillary? reporter: connell everything hinges what is happening in these closed-door negotiations with the white house team. treasury secretary steve mnuchin and white house legislative affairs director eric yulen, they are in discussions with senate minority leader chuck schumer who is back channeling to house leader nancy pelosi, they want to make sure everything they agree to is something she will sign off on even though pelosi rolled out a version of phase three package yesterday. today she may be willing to pass what the senate pass.

>> option do it by unanimous consent that would be ideal. see what happens, you think they're there, then something changes and that's, i think where we are. reporter: started this morning hearing from majority leader mitch mcconnell who blasted the speaker for her encyclopedia of unrelated demands. even with that negotiations are not derailed and they're quote at the five yard line. few hours later schumer said they moved the ball three yards closer to the end zone. >> last night i thought we were on the five yard line. right now we're on the two. as i also said last night, at this point, of the few outstanding issues i don't see any that can't be overcome within the next few hours. reporter: we are now at those next few hours, connell. those remarks from schumer were at noon. we're now four hours past that a lot of lawmakers we spoke to are

getting impatient to move on the bill. i talked with democratic senator chris coons is readily to vote yea. that is one democrat willing to support the bill. republicans need 11 more to meet the 60 votes they need to get the bill through. connell? connell: i don't think the lawmakers, hillary, are the only ones growing impatient. hillary vaughn live on capitol hill and as gary and liz join us to talk about this. even the football analogies, guys, are getting a little old. i'm not sure what down we were at the five yard line. >> we're on the half yard line, connell. connell: oh, my goodness but what is the impact, liz of all this? it is a lot of money once it gets into the economy. what will the impact be you think? >> i think definitely it boosts confidence. i'm kind of with gary i think the biggest things going on are having the fed and banks provide

liquidity to small businesses. that is really completely essential. we know, good news, connell right now, this is a big pork-filled bill that will go through. i think it will boost markets, make people feel better. by the way put money in people's pockets. i think all of that is good. what we know the financial system is in good shape. banks can lend and there is nothing more important than keeping businesses going so they don't have massive layoffs. i think some of the provisions in the bill which are towards that end are great. i think honestly nancy pelosi's obstruction and schumer's obstruction an throwing in all kinds of completely unrelated items in the bill, one of the most disgraceful chapters in congress' history and that is quite a history. all you need to do is see what susan collins has to say about this she never gets angry. boy was she angry and rightly so. connell: i saw that. how will we know, gary, this is working, that it is doing the trick? is there a metric?

won't have any affect on this bill or looking at unemployment claim numbers on thursday morning which people think might be astronomical, one or two million, maybe more, something we haven't seen before? what is the metric you use to see if the stimulus is working? >> that is a tough answer for a tough question. i don't know a great metric. all i can tell you, you know i'm not a big fan of government, there are moments in disaster f. i live here in lake mary, florida, i got in my car, drove down the road two or three miles. there is nothing going on. the gas stations are open. that is -- supermarkets are open. you can't go into restaurants. it is all pickup and delivery. people are losing jobs left and right. that is a small sample. i can talk tourism in orlando which supports 500,000 jobs at 75 billion economic activity is gone right now. so if they don't get this done,

forget about it. getting it done staves off disaster for right now but let's be clear, what happens after eight weeks, 12 weeks, if this continues? i would say the virus is the economy. you have got to get control of the virus. everything else will be all noise until that happens. connell: makes sense. guys, thanks. melissa. melissa: massive aid package now setting the stage for a drug war with china. edward lawrence is live in d.c., with the details on that. edward? reporter: before i get to that, the federal reserve did make moves late today. in fact just now the federal reserve delaying a rule change that would set a maximum for the amount of loans the fed would give to u.s. bank branches on intraday basis. that was supposed to be into effect on april 1st. it will now be october 1st. on prescription drugs, white house squarely in focus. white house economic advisor peter navarro the shortages of

prescription drugs showed a strategic vulnerability here in the united states. 90% of antibiotics, vitamin-c, ibuprofen made by china. the u.s. doesn't even have the ability to make penicillin anymore. in the stimulus, senate tried to address this. there is 60-day window for report to bring medicine back to the united states this is part of the made in 2025 plan in china. china counting on billions of dollars coming in for making prescription drugs. this issue is on the radar of a number of lawmakers. representative chip roy from texas is crafting a bill that would add back tax incentives to manufacturers for prescription drugs to come back to the united states, specifically puerto rico and also the rest of the united states. senator josh hawley introduced the medical supply chain act this month. it requires manufacturers to tell the fda where those drugs are specifically made. he wants to know also what greater authority the fda needs

to make sure we don't have shortages again. this top pick will continue to be a a topic of committee meet national senate and house of representatives. senator marco rubio taking this torch up for major issue to make sure there are no shortages for prescription drugs for whatever issue comes up in the future. back to you. melissa: no, it is a big issue. i know marco rubio has been on it from the beginning. edward, thank you for that. connell: all right, now to the numbers on this tuesday afternoon. more than 407 cases worldwide of coronavirus. 50,000 plus here in the u.s. right now. one of the things we saw today for the first time, president trump did say he plans to actually use that war-time production act that has been talked about a lot the last few days to demand the production of 60,000 coronavirus test kits. as state leaders, governor cuomo and others have been ramping up pleas for that type of assistance. we'll have the latest on the pandemic as we continue through

the hour. melissa: plus new york state begins testing multiple trials for a possible treatment as governor andrew cuomo sounds the alarm what is becoming the epicenter of the outbreak. we are on the ground with where things stand next. ♪. the unique challenges in that sector? coming out here, seeing the infrastructure firsthand, we can make better informed investment decisions. that's why i go beyond the numbers. more than ever, your home is your sanctuary. that's why lincoln offers complimentary pickup and delivery servicing. we'll pick up your vehicle

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connell: "fox business alert." as we come back on nike reporting third quarter earnings results. a little bit after grain of salt on a lot of numbers as we see them come in. this might tell us about the problems nike had in china, coronavirus related. not sure what they say about the future but deirdre bolton following it for us. what do we see, deirdre? >> connell, i'm looking at earnings which i'm till working out to be perfectly candid, i'm doing the math. nike sales exceeded expectations. for the third quarter they posted $10.12 billion, that ex-needed what analysts were looking for at 9.8 billion. that is growth of 3 1/2% quarter on quarter. that is optimistic just like pure sales figures go. as we know nike gets 15% of its revenue from china and it produces 25% of its global

apparel and footwear in china. so at least as far as sales for that particular quarter, fiscal third quarter, there does seem to be at least so far a limited effect. what i will signal, you know this too, connell, lululemon, under armour, they have closed stores in the past weeks in the u.s., in canada, basically as many shops as they can around the world in reaction to the pandemic. we'll get more details from the company in 40 minutes time. i will say raymond james is one of the analysts i've been in touch with, saying that nike is pretty well-positioned. they will obviously take hits going forward. the fact that the tokyo olympics has been postponed. nike had a lot of promotional gear around that, that will not sell, those products will not sell as well as previously hoped but as far as raymond james research goes, connell, they still see nike as best in class as far as retail and particularly athletic apparel sector goes. in the meantime, certainly a

beat as far as sales. wee keep crunching numbers as far as earnings. throw it back to you meantime. connell: about best you can hope for i was going to say, deirdre, best in class strong balance sheet. everybody will take a hit. deirdre bolton thank you. melissa. melissa: another "fox business alert" now. senator mitt romney tweeting on the status of his coronavirus testing, thankfully i have tested negative for covid-19. nevertheless guidance from my physician, consistent with the cdc guidelines requires me to remain in quarantine as the test does not rule outthe onset of symptoms during the 14-day period. again mitt romney announcing that he tested negative. connell? connell: all right. putting a pause on air travel, major u.s. airlines are now drafting plans, potentially if they have to ground all their flights in the country. grady trimble is looking into this. he is live at o'hare out in chicago with the latest for us.

grady. reporter: yeah, connell, there is no final decision yet but the airlines are preparing for that possibility that there would be a total shutdown of domestic travel in the united states either voluntarily by the airlines themselves or by the government. that is according to "the wall street journal" they're dealing with all sorts of cancellations across the country. more 900 here at o'hare today. more than 8400 across the united states. they have scaled back capacity drastically, cutting it as much as 40% the past few weeks and in the future. the faa also dealing with coronavirus. they have air traffic controllers who are affected by the virus who have tested positive. that led to even further cancellations to the point today, if your flight is not canceled, there are some planes flying with fewer than 10 people on it. lawmakers, industries officials, workers are trying to hash out a deal right now but all of this really highlights the importance of the airline industry to the u.s. economy.

>> all the goods that are coming to people's homes, through cargo, that is on passenger service planes. the airline industry is an essential backbone much our economy. it is an essential network. reporter: i also want to talk about boeing for a moment. boeing shares soared partly on news after possible deal that would help the airlines as well as that company. but also because dave calhoun, ceo of the company says it is on track to return the 737 max to service by the middle of the year. maria bartiromo also asked him about the possibility of this shutdown of domestic travel. he says at this point, it looks like it is inevitable. connell? connell: all right, grady. grady trimble live at o'hare in chicago. melissa? melissa: so it is the pandemic that is just wreaking havoc with so many major industries right now. on the impact of all that is bill mcgurn from

"the wall street journal." bill, thank you so much for joining us. $54 trillion, i'm reading, that is the bailout package that the airline industry wants. one of the concerns, i heard charles payne and others say it, you dent want to socialize the losses and privatize the gains. you give them the bailout package, i know they need it, we need the airline industry, but we need to get our money back on the other side. what's your take? >> no, exactly, that should be the main criteria is getting money to people that need it. larry kudlow describes it less than a bailout but injection of liquidity to help them with a cash crunch that is true of many businesses. a lot of businesses are not in trouble for anything they did. they got overwhelmed by the consequences of coronavirus hitting. so the key is to get it through and then, do it in a way that they're going to pay it back. melissa: yeah.

so does that mean taking a stake in those companies or not? i mean, do we follow what we did in the last crisis and in terms of these companies or did we learn lessons we want to make things different? >> i'm skeptical of taking stock in them. my main criteria is it should be minimalist, right? the minimal -- people want to do all sorts of things but the airline is an essential industry and there are many knock-on effects right? from the contract workers, stewardesses, pilots, plane makers like boeing, there is just a lot of, a lot of consequences. so i mean, my principle in all the aid to try to get them do the minimum. in other words not create a new dependency structure and so forth. then set it up so they can be up and running and pay it back. melissa: yeah. what do you think of the other

industries other than the airline industry we'll have to address? i could see the cruise industrying jumping up on board, let's be frank, it is not the same thing. >> no it is certainly not, it is in a different category from airlines. as we point out, so much of our daily life, not just for us taking the plane but goods that come in from all over need planes to do it. on the other hand, you know, i don't turn my nose at jobs anywhere. this is a problem with all the aid. it tends to go to bigger people, tends to go to bigger concerns where the mom-and-pop shop has done nothing wrong, they need it as well. but nature of the beast when it comes from the federal government, tendency is to do big. melissa: yeah. all right, bill mcgurn, thank you so much. >> thanks, melissa. connell: all right. you know this idea of navigating through a pandemic, we'll check in on the trucking industry in a

moment. it is forced like so many other industries to adapt. it is finding a way to flourish as it becomes so important getting delivers and everything else out. a call to service. how one high school student is helping one of the country's most vulnerable in a time of need. we'll be right back. exactly. ♪(rocky theme music) fifty-six straight, come on! that's it, left trade right trade. come on another trade, i want to see it! more! ♪ 80s-style training montage? yeah. happens all the time. ♪

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♪. melissa: most industries have been crushed by the coronavirus but the trucking industry is faring well amid an increasing demand for supplies. fox business's jeff flock is in indiana with that story. jeff? reporter: melissa, if you want to see action, there may not be any on the streets of new york but come to a truck stop somewhere in the nation's heartland, typical flyover country. melissa, this is drive-over country. there is a lot of driving going on. this is the flying j truck stop.

if i take you up to the gas pumps, fair to say the diesel pumps and scales, look at all of this. this is where the action is really happening here. amidst of this, these are the guys and women keeping the nation running right now. 70% of the freight shipped in this country goes by truck. that is true today. it is true all the time. these are guys, you know, that don't make a ton of money. looking at median salary in the, median annual income of lower than the national average. these guys drive, many of them 100 miles, 100,000 miles a year and minorities make actually up a pretty good number of this. here are a couple truckers here. this is the place, the flying j, where you also in addition get some food, park your truck, sleep, get a shower, welcome to drivers. that is important. everybody in their homes, well,

these guys, they're home often times is the truck that they drive because they're sleeping in the back. they need a place to get a shower, also a place because these things, in case you didn't know don't have bathrooms inside of them. a lot of the state facilities, a lot of the state rest stops have been shut down. so, places like this, the flying j in lake station, indiana, among those places that are assisting the people that are making the nation run right now. melissa. melissa: boy, they are essential, we do need them. jeff flock, thank you. connell: we have a stay at home -- most people are not driving around like jeff or the truck drivers. netflix has surpassed or surpassed the today, disney versus market caps. with all the orders pushing people to stay inside. what are they doing? no live sports. streaming videos. watching netflix.

valuation of disney. disney valuation approximately $1.548 billion. netflix even thereabouts. they are going back and forth. melissa, the point we're streaming a lot of videos in our homes today. melissa: absolutely. so a growing nightmare for small businesses. how one texas restaurant server is fighting back and gaining some traction online. connell: plus in an unprecedented move, the summer olympics in tokyo will be suspended, first time in history they're postponing it. how athletes are responding to that is coming up. melissa: and take a listen to this. a nine-year-old boy and his grandfather practicing social distancing while enjoying the virtual jam session on the piano and guitar, rocking out to queen's i want to break free.

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started online petition, demanding rent reductions for service industry workers, under mandate he is calling for a worker who is impacted would only pay a base amount much their rent, minus overhead or profits for landlords and that type of system would be in place, basically for the next two months. we're joined now by the man behind this petition. arjob ezekiel. your goal was to get 15,000 signatures. how are things going? >> things are going well. thanks for having me on the show to talk about such an important mission at such an important time, at unprecedented time. we initially started the petition hoping to get a couple thousand signatures. we're close to 13,000 now, it continues to build momentum. connell: austin was one of the first cities we thought about because there was so much debate going back and forth about south by southwest, what would happen

there. once it got canceled as many people thought it would, obviously that is going to have impact. i understand what you're trying to do with the petition. how are things going? how has your life been here the last few weeks? >> it has been tough and unprecedented. i haven't been unemployed. i worked in restaurants since i worked in high school. i went back to restaurants after college. i met my wife in college and we're both work in restaurants. this is the first time we're unemployed. i'm going a little stir crazy. i'm trying to help my best to help the restaurant industry, there is pervasive sort of fear which no one really knows what comes next. so many people depend on restaurants, one of those elements of our economy, that is we're so used to being perpetually open. the fact estimated 75% of restaurants are closed in the country. you know millions of people are going to be laid off in the next

few months. i think that is incredibly scary thing for our industry and, we're looking for leadership from federal, state and local governments to help us get through think, i don't blame you. a lot of people are. really is a tough time. as a final question, tell me the response the petition is getting, who you are hearing from or maybe if you haven't heard from anyone? and you know, on your own employer what have you been told about plans to work through this, rehired or how is all that going to work out? it seems to be different for a lot of people. >> sure. to answer your first point i think the overwhelming response has been from employees of restaurants and hospitality who are fearful. today is the 24th. a few days from rent being due. i think there is like a certain sense of fear that people are going to be locked out or evicted. the mayor has assured me on a phone call yesterday, i spoke with a member of his team who said that the city is working

non-stop. they're meeting on thursday to make sure no one gets kicked out of their places or, are locked out of their hopes during this difficult time. i think for, you know, so many people, not knowing how they're going to pay their bills is the other part. rent is just one part of life. utilities, the cost of food, cost of living, generally speaking in most of these cities. new york city is incredibly high. i spent a long, long time there. rent is one part of equation but we need help across the board. connell: real quick, what has your employer told you? >> my employer basically told us we're furloughed. we're on unemployment. it only been a week since this began. so they're working very, very hard figuring out what next steps look like for us but i think for our employers, they don't really know, promised our jobs back. that is assurance, that feels good now but we don't know with

we'll have the jobs back. connell: a lot of people, boy, in similar circumstances. thank you for joining us, number one and good luck. we wish all the best in austin. >> thanks for having me. i appreciate it. melissa: stepping up for those in need. what one california teen is doing for the homeless population that has caught up in this pandemic. businesses fighting back, with the pandemic hitting smaller businesses of course but driving up hiring of companies seeing upsurge in demand for share products and services during this outbreak. according to a tally of big businesses, at least 700,000 jobs are currently open at walmart, amazon and gig economy positions including delivery workers, tutors, i could use a couple extra of those around my house and personal assistants. ♪. estment opportunities firsthand,

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♪. melissa: california certainly, currently has the third most cases of coronavirus. there is one high school sophomore there doing her part to try to help the homeless population stay healthy through the pandemic. she is joining us now on the phone with more.

i understand that you're making your own homemade kits with masks, sanitizers, some products for homeless people in your area. how did you get this idea? >> basically i was watching the news and they were talking about the california governor talk about the amount of homeless people there are in california in just the state of california and, i thought to myself, like i have the tools, i have the time to, schools are online now. why not help the people out that are most vulnerable during this time. melissa: and it is not easy to do because people are scrounging around to try to get basic as it is. you have to compete with other people who need the same supplies. i understand dollar tree has been kind to you. tell us how you have been able to get in there to get the ingredients you need? >> when i first started this project, it wasn't the peak time where everything, all the high

gene products were basically sold out. i was able to get a couple hundred hand sanitizers, lotion, all that stuff. but now, i basically go to my local dollar store and i show hem like i have donated acknowledgement letters from homeless shelters. they will allow me to take a bulk of these supplies, rather than to having a limit. melissa: right. because normally they would be afraid you were reselling it for a profit or something. >> yeah. melissa: i guess when you show them the letter they understand it is for a great cause. i know that when you, you don't walk around and just hand these out, because that, might not be safe or possible, how are you distributing them? >> basically i call local, like homeless shelters in my county and then i will just tell them how much i'm donating. we'll schedule a time where i can go to deliver certain amount

of kits. that is how i'm doing them right now. they tell me feedback from homeless people, they're super happy and grateful forewhat they get. melissa: i know you have a gofundme page where you're trying to raise money to keep the project going. what is reaction like? what do your friends say? >> it has been extremely popular. now that i have gained a lot of money and donations, i have about 17,000 right now, it has been pretty popular. so a lot of people are noticing it because of the large amount of donations. so i get a lot of really good feedback from people all over the u.s. and yeah, it is pretty cool. yeah, everyone is like super excited and really supportive about this project. melissa: well great job. thank you so much for coming on today. we're trying to highlight some

of these stories so that people can see there is way to feel good, to reach out to the community at a time we're feeling sort of isolated and afraid ourselves. thank you for joining us. >> thank you for having me. connell: that is a great story. talk coming up about athletes having to put their dreams on hold with this announcement about the olympics. how they're responding to the first-ever postponement of the olympic games. that is ahead in just a moment. less than an hour from now, this is added to the schedule today. coronavirus task force set to give update on the pandemic. headlines from the white house and elsewhere. we'll be right back. wasted time is wasted opportunity. >>exactly. that's why td ameritrade designed a first-of-its-kind, personalized education center. see, you just >>oh, this is easy. yeah, and that's >>oh, just what i need. courses on options trading, webcasts, tutorials.

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connell: the olympic flame in tokyo will no longe longer be ls summer, it postponed to a

unspecified date for next year. we lost our guest's feed -- >> i am here. connell: he is back. there he is. like everyone else trying to skype in. there you go with airpods all of you good to see you. >> you got it. connell: people hope to be in olympics some in the past, what is your take on this? >> you know, connell it is the balance between adversity and uncertainty. by definition almost these athletes are equipped and hard wired to embrace and confront adversity. they love adversity. they can target on that focus. s uncertainty leading up to the announcement today was difficult. now at least they have a sense of closure, they can reassess, recalculate and move forward.

but it does bring disappointment and frustration for sure. connell: i looked on the your clients represent a diver katrina run for example, there are others, years ago we thought of olympic athletes and hopefuls azamture -- amateurs, there an economic impact here as now because that is no longer the case. what do the athletes do? who will effect of this be economiclize or reset a year from now? >> well, w we have the ability o work with fantastic sponsors. i heard estimated earnings for nike, nike is a fantastic partner for several of my clients, they are one of example of tha that -- flexibility, in regard to economics, the note of amateurism has changed.

i have been fortunate to represent medalist, to your point, the medals, short track speedskating in s sochi and fige skating we brought their back story on the masses people cheered for rocky not because he was the champion because he was the underdog. he got knocked down over and over, and got back up, so many ways that is what american fabric identifies with. this is another feather in the cap. but we're working an active conversations with those sponsors to run through 2021 and find creative ways to get at whreets oulylathletes out. connell: all right, we have to wrap it up doug. this is highway athletes make their money, but not this summer

in tokyo. all right we wrap it up, another day, up 2000, we have seen down 2000, up 2000, so there you go. melissa: right, up,2112. david: i am david asman in for lou dobbs, lou remains in self quarantine, she i he is in good health, and joining us later. wire waiting a briefing from white house coronavirus task force, we'll take that live as it starts. president trumpside instilling hope for the american economy saying that america as a nation was not build for a shut down. >> our country not supposed to be. not built to shut down. our people are full of vim and vigor and energy, they don't want to be locked into a house or a apartment or space. we're not b