lauren: they're bored. i'm getting very creative how i entertain them. we manage. stuart: you're a fine woman, a fine mother, that's a fact. thanks very much to everybody. all very much appreciate it. my time is up, neil, sir, it is yours. neil: thank you very, very much, stuart. wait until lauren has to deal with teenagers. she will have a whole different perspective on the stay at home thing. look what is happening, stuart. you have been nimbly handling all of this the last three hours. the dow jones industrials are up quite a bit, 567 points. all of this is because the senate struck a deal. they have not formally approved the deal. the house, will gavel in and out of sessions, whatever the house does, it will have to wait tomorrow. optimists are convinced that better than two trillion dollar package will do the strict. we're monitoring what happens on the floor of the united states

senate. we're monitoring a anomaly happened in the markets here. you heard about negative interest rates abroad. that is almost standard operating procedure particularly if europe. we have them here, yield on one month bill, three month bill, below zero percent. you effectively paying the bank for the honor of holding your dough. it is an anomaly. it worry as lot of folks who seem to think if this become as more established trend it could be a real problem. this, sort of statistical quirk is something we're following because it is just limited to really the shortest and most immediate side of the so-called yield curve. it has not hit anything north of the one year and 10-year, stuff that we follow closely. but it its something that has now happened for the first time in american history but if the stock market is worried about it, again as i stress, it has a funny way of showing it. back to capitol hill. we'll be monitoring that.

also monitoring what is happening on the floor of the senate right now. we'll take up the two trillion dollar measure. hillary vaughn with the latest on that front. hey, hillary. reporter: hey, neil. the senate convening right now. we're expecting a vote to happen within the next few hours. that has been the game plan sense 1:00 a.m. this morning when they announced that they had reached a deal. i want to go over some of the numbers that are in this deal. $130 billion for hospitals. 150 billion for state and local governments. over 360 billion for small businesses. 500 billion treasury fund to go to boost up large industries but also mid-sized businesses as well. we're getting fresh reaction from house speaker nancy pelosi. we caught her on the way into the capitol asking about the timing of bill. pelosi said this we are reviewing it. our staff chairman is reviewing the bill we're optimistic. we'll see when the senate votes. no decision about timing until we see the bill.

minority leader chuck schumer is recommending to his caucus to vote by unanimous consent today, but what happens in the house is really up in the air. from any indication of pelosi today, she is not in a rush to get through this she seemed to drop hints she would be willing to move this forward by unanimous consent, not committing to that until now. i also want to go over more hard numbers break down for airlines. money going to the airline industry as part of this bill. there is $25 billion allocated for passenger air carriers, 4 billion for cargo air carriers and 4 billion for any businesses critical to national security. we're getting details about the loan agreement for mid-sized businesses, any company with workers from 500 workers to 10,000 workers. these loans will be financed by the treasury. so they're going to be working with banks and lenders directly giving these loans to businesses but there are some conditions. there is 2% interest rate but for the first six months these businesses don't have to pay any

money but it has to be used to retain 90% of their workforce at full pay, at full benefits until september 30th of 2020. the business has to be u.s. based. they have to have a large chunk of their workforce here in the u.s. they also have to agree, neil, not to outsource or offshore any jobs during the loan agreement terms and also, for two years after that loan has been paid off, the same time frame applies to all collective bargaining agreements. they have to abide by existing agreements and then they have to remain neutral in any union negotiations for that loan time period and also two years then after that. neil? neil: all right. hillary, thank you very, very much. again this is expected to be voted in, approved, as hillary said sometime in the senate today. we don't know the timing for that. too late for the house. they gaveled in and gaveled out. there soonest they can take it

up is tomorrow. no one is expected this to be rejected certainly in the united states senate where it was cobbled together or the house as ideas were advanced by nancy pelosi. connell mcshane, the markets liking all this, up 75 points. this in the backdrop for the first time, you think about it, connell we're looking at negative interest rates in this country. we have never seen that. connell: it is remarkable. looking at that thinking about it, as you show the numbers, interest rates in negative territory. we've been talking about some time in germany and other places it kind of hits you when you see it here in the united states but for now the stock market and investors are so focused what hillary is reported on, they will let that one slide and the dow with the 3 plus percent gain added to yesterday's rally. we're seeing selloffs at such a speed it caught people off-guard the last few weeks, now at least

the last couple days we've seen a remarkable snap-back rally. 11% snap back was the biggest gain for the dow since 1933. you add 3, 3 1/2% today, the biggest story on individual basis by far. it speaks to what we're seeing in the market generally is boeing. boeing's stock, beaten up by so many internal problems company had with the 737 max and coronavirus on top of that, has been down so much, but not over the last three trading days. boeing shares have been up double digits in percentage terms now for three straight sessions. they continue to add to that today, are leading the dow higher. in fact if boeing continues at the rate it is going, with more than 40-dollar advance, more than 30 plus percent to the upside, it may very well have the best day ever in the markets, at least as far as records go back terms of it percentage gains. boeing, standing, neil to be helped out by the government. you also have the ceo at boeing coming out saying, that the

company doesn't quote, unquote, need a bailout, leading people to believe the balance sheet there is in better shape than some had thought or some had feared but, boy, as quick as we go down, as fast as we come back, the last two days at least, we'll see how the rest of today goes in this volatile environment have been remarkable to watch, up more than 3% on top of yesterday's 11% gain for the dow. neil, backs to you. neil: just amazing, my friend. thank you, connell mcshane. we talked about the negative interest rates, what is happening with the one month, three-month bill, it sounds a little bit like economic gobbledygook. there is economic argument when that happens, if i have to pay them to borrow money, i might as well go into stocks. as low as rates are, if they are turning negative, i have to pay the bank to keep my money with them, hell, i will go with the stocks. that is a flip on this. i want to emphasize that. it didn't always pan out that

way in europe, particularly in germany when we saw this, italy to a limited degree. that seems thinking people are looking at. gee, i will not lose money on this i might as well risk money in the stock market. just a counter trend. we're monitoring mitch mcconnell, speaking on the floor of the united states, going on the gameplan of this vote today. we have mike braun from the beautiful state of indiana, meanwhile dealing with this. senator braun, you are the fiscal conservative of fiscal conservatives and yet you are writing off as many of your colleagues on a pretty pricey package to get this economy sort of goosed a little bit. how do you feel and reconcile that? >> you know that's tough because i'm one of the three three or fr maybe two or three votes almost against any appropriation because we never have any reform measures or do any budgeting. this is different, neil w very to try to tamp the disease down. who knows what the unemployment rate is going to be.

this bill is about 10% of our gdp annually. to me, i'm only disappointed that we didn't get it done sunday to deliver it on monday morning instead of today. i say that because there are small businesses, people that have been without a job, already, two to three weeks, in restaurants, bars, hospitality oriented businesses. we needed to do it. when you rush here, even when you don't rush, you get bills that are generally not on the mark. i think these, from what i spent last hour and 15 minutes with my own conference talking about, getting into the weeds, this is as good as we can do to get help out there immediately. along with the unemployment insurance part. which dems could have voted for on phase two, put it back in. i think we got a good package to help the people that need it most. wage earners, and small businesses and that liquidity piece for larger companies has got multiplier effect much four

to five times. we're throwing everything but the kitchen sink at it because we created this through government for the purpose trying to kill the disease. it is a tricky combination of doing both. neil: you know, senator, the president had been raising a possibility of maybe extracting ourselves from this stay at home situation as soon as easter sunday, about three weeks from now. he through -- threw it out there. what do you think of that? >> i all long, not really lessen the national anxiety until we get the disease under control, but the longer we systematically shut the economy down, the more government will have to come back and replace the real economy. so it is like any entrepreneur. we've learned a lot, a lot in the last month. i think we need to not lose the investment we've made in social distancing and in locking down certain economies, especially new york. i mean that is the vector where

all of this came from. they now think that maybe half of the cases throughout the rest of the country came from there. it tells how contagious this thing is. so i'm, want to be flexible, i want to learn all from we gathered. we'll not get the world, the small business, the states and everybody back to where it is a normal feeling until we get back to business as usual. but i don't want to lose the investment we made over the last three weeks. maybe easter sunday, maybe before, likely could be a little longer. we'll wait and see. neil: all right, senator braun, thank you very, very much. you're a busy man juggling this with a big vote today. by the way, speaking of that vote, mitch mcconnell is indicating as the senator and i were talking they hoped for a vote later today and this will pass as widely expected later today. we're also hearing that the house will indeed take up this measure tomorrow. we don't know the timing of

that. it seems to be perfunctory. that is a bit of a risk that this is going to pass. things and hurdles come up at the last second as they're digesting this huge piece of legislation. by the way, at north of two trillion dollars, it is double, double what we spent in the financial crisis, first stimulus package then. double that. meantime, you have this situation going on in new york with a number of cases is rapidly exceeding those pretty much anywhere else. governor cuomo minutes ago saying the rate of cases now, 10 times what it is for example, in neighboring new jersey. all of this at a time when other states are saying, you know, maybe we should scrutinize more closely those who fly in from new york, new jersey, connecticut. florida's attorney general was with me yesterday, saying they are going to do just that. they are calling for self-quarantining those come from the states when they arrive in florida. the devil is in the details. take a look.

when you say unfortunate, final time i will ask this, i'm curious, i fly to new jersey, live in new jersey, work in new york and i fly into your fine state, is someone going to direct me or mr. cavuto, you're here for a while, you have to stay where, where do i go? when i self-quarantine a lot of people self-quarantine in home or hotel. where do you self-quarantine? >> well presumably coming into florida have an intended location to go to. the executive order is clear cost on individuals either returning home or coming into florida to stay. then it will be up to them to self-quarantine and make sure they're staying away from the public during that duration. again we know this is, this will provide -- neil: how can you do that the at a hotel. say you're coming in here, staying at resort or whatever, they just here, oh, he is

quarantining himself at our resort. that will freak out our customers, what do you do? >> you know, this is on those that are choosing to come either back into florida or to florida at this time. neil: all right. sounds a lot easier said than done to me, honor system they work? let's ask howard safir former new york city police commissioner. you always add calm to these times. maybe best of intentions, i don't know how they police that, if i were to come in to any florida airport, they see i'm from new york, new jersey area, say quarantine yourself. do they follow me home, put me on a bus, she didn't seem to know what do you think happens? >> it is a real challenge. you know, you can go as far as setting up checkpoint, to the honor system. you know, based on the number of people coming in, i would think that they would advise, i don't

think they will arrest people who are coming in, don't have a place to stay. they will have to use social services. this the is the biggest challenge since 9/11 for this counttry. unlike 9/11 which was fairly finite what we had to do, this is insidious. this is everywhere. neil: do you get a sense, commissioner, this is going to last a while? that florida is just the start, policing who comes from where? and other states will follow suit, if you're nervous about those that come from california or washington state, they will start doing the same thing? >> i think it will happen. i heard a friend going from florida to outer banks of north carolina, he was turned away at a bridge to the outer banks because he did not have a north carolina driver's license. there will be permutations of this kind ever policing. the more important thing, figure out how to get people to stay

home sew we can get through this that is the biggest challenge for first responders in new york, which appears to be ground zero for the disease. neil: indeed. commissioner, be safe yourself. much appreciate it. meantime here, we'll let you know, there are no there is no immediate hope for those renting or landlords. a lot is being done by that industry by the landlords themselves. i want to meet one who decided to push it to the point waiving rents amid the virus fears, after this. announcer: wash your hands...

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♪. neil: welcome back, everybody. they're waiting on this vote in the united states senate on stimulus here. that doesn't directly help those who own homes or rent homes they're already in, but indirectly does provide jobless benefits that could see paygo up by upwards of $600 a week, depending on the pay we're talking about, the individual we're talking about but when it comes to helping renters per se, sometimes it is left up to the industry itself and this gentleman is leading the way.

matt cullen, bedrock ceo, one of the premier landlords in the country, taking matters into his own hands, waiving rent expenses, parking fees, even. matt, good to have you,. >> good to be here. neil: very nice thing you're doing. it is going to cost you some. obviously took matters into your own hands. looks like you're doing this, could extend up to 120 days. tell me what you're thinking? >> that is exactly right, and it is, bedrock is a dan gilbert company, consistent with our philosophy doing the right thing. we really belieoming out, you know in a significant way with clarity for tenants, with something impactful, important in this instance, something i think is timely, gives them the ability to take a bit of a deep breath and have confidence they will come out

the other side of this thing. we think it is the right thing to do sort of from a business standpoint but also the right thing to do from a human impact standpoint. neil: you know have a long history of being advocate for detroit. it goes back to the carter years. you don't look that old. i take it that you are. but this push has been something near and dear to you, so you're putting your money where your mouth is. but are you worried if this goes on, even three, four months of delayed rents might not cut it, it might have to be more? >> we'll pay attention to it. i hope this is enough. i think it is enough. you're right. we worked really hard in detroit, all of us for a long time and certainly in the gilbert era, in the last 10 years. we made tremendous progress. and so i think that is why we're so focused we maintain that. we don't allow it to slip back. again, it is not just a

philanthropic gesture, we view it as good business. we want to maintain, nuture companies that have come into place. detroit has become a much different city over the course of the last several years and we want to maintain that and we feel confident though, because you know, we've been through a lot as a community. i think you know, we're scrappy. in that regard i think we're positioned well to come through this. neil: we wish you well. very encouraging. matt cohen, bedrock ceo, thank you very, very much. be safe and well yourself, sir? okay, just a couple of things to put that into perspective. we hear so many stories, the corporate guys are greedy moguls, all that other stuff, coupled what he is doing, get a load of this, cvs, amazon, even pizza hut adding workers, in pizza hut's case, better than 30,000. gm, ford, tesla, shifting to

create respirators. well get into that in the next segment. ford working with ge to produce more medical supplies. they are doing that of their own volition because they say their services are needed. companies did this a lot after buildup of attack on pearl harbor. of their own volition. decided to go in the case of general motors from building cars to building tanks, simply because it is the right thing to do. it is. after this. pany. a "put enough away for college" company. and a "take care of your employees" company. we're a "help you ride the ups and downs of the market" company. and when it's time to retire, we're a "we've been guiding you toward this all along" company. think of us as all these companies, and more. principal. retirement. investments. insurance.

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neil: all right. well desperate times call for desperate measures. you normally don't think of companies like gm, city yacht chrysler, ford and all these others, tesla, were thinking respirators, more with making cars but that is changing now where a lot of them are combining resources to do just that. grady trimble has more on the plan. grady. reporter: neil, we're at a

drive-through testing site in i will snow and the type of -- illinois, the type of equipment you see them doing the tests is the type of equipment that u.s. automakers are now making since they're not producing cars at the moment. ford, for example, is making air purifying respirators for health care workers and first-responders. they teamed up with 3m to do that. they're using fans that are typically used in f-150 trucks for those. they're also producing face shields. 75,000 of them this week and in coming weeks. they say they will be able to make 100,000 per week. fiat chrysler is making face masks. they say they will be able to make a million of them every single month. other thing hospitals desperately need right now is ventilators. ford has teamed up with general electric to make those. general motors teamed up with a company called ventech to make ventilators. some states like new york where you are, governor andrew cuomo

says he can't weeks if that is what it takes to need them. he needs them right now. >> it does us no good if they start to create a ventilator in three weeks, four weeks, or five weeks. we're looking at apex of 14 days. if we don't have ventilators in 14 days, it does us no good. reporter: ford is actively making that personal protective equipment that you see here for health care workers. we don't have a timeline for ford or gm when the first ventilators will come off the line. we also don't know how many they will be able to produce. they say they can do so exponentially increase what the other companies are mable to make right now. a lot of people have mentioned during world war ii, ford and general motors pitched in to make military equipment, things like tanks, even bomber fighter planes. in this case people said this is a new type of invisible enemy. now they're using equipment, making equipment, and you could

say weapons to take on that enemy. neil? neil: grady trimble thank you, very much. mean time we want to bring your attention to the corner of wall and broad. we're up 820 points here. a lot built on optimism, like i said the stimulus measure coming to pass. we're getting a worry here, not jarred the markets, they're not too surprised, jobless claims out for the latest week, could eclipse 4 million applicants. this could break the record 1982 in the middle of a recession, 695,000 americans filed for unemployment claims. that was then. we stand to break, easily blow through the record right now. after this. woman: my reputation was trashed online.

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neil: stock market rip-roaring rally ahead, 865 points after 2100 point gain yesterday, highest point gain in history. what has all the guys going, if i sound like broken record, i apologize. it is all on stimulus, optimism, that the senate will vote for this overwhelmingly. probably will. the house will take up the measure tomorrow. tomorrow is also the day we're likely to get jolting news on jobless claims, number of americans who filed for unemployment benefits. they are expected, possibly, to top four million. that is not such a shock given the fact everything stopped in this country. just seeing that print out tomorrow, if it is anything over 695,000, it will have broken a record that dates back to 1982 in the middle of the recession from which we bounced back then, still too early to say when and

how we bounce from this, but again, a sticker shock tomorrow on jobless claims of as high as four million. cheryl casone on that. cheryl, as much as it is anticipated, it is going to be a shocker? >> it is going to be a shock. we've had a few days, a few trading sessions if you will to get ready for the initial jobless claims number comes out at 8:30 a.m. eastern time. these are claims from last week we'll get the number tomorrow. we were hearing some state computer systems california, other states, getting overwhelmed, some systems are crashing by the amount of americans actually applying, excuse me for unemployment benefits. that is one thing. now remember, right after the shutdowns began in new york, when they began in california, bars, restaurants, nail salons, gyms, especially all the gyms closed, a lot of those companies, neil, this was a heart-breaking thing to see, they furloughed workers within

24 hours. a lot of these workers at home got text messages, saying you no longer have a job. you have unemployment, when you open back up, come back to reapply for the job. that is tough on the american worker. it is possible. we talked about two million. i think we adjusted to that number, neil, i think it is very possible we could go up to four million, depends how fast, to your point about the senate and the house, how fast they can get this signed, sealed delivered to the white house, have president trump's signature on it. then you can get extension of unemployment and chuck schumer and mcconnell agreed to. benefits extended three to four months. maybe some companies didn't lay off people yet, i'm not sure there is a lot left at this point if they didn't lay off the workers, those workers would be able to stay on the company's dime. they would still get health insurance, still get money going towards the 401(k)s. i tell you this. i did a lot of analyst commentary about the number,

neil, i do think the street is ready for a worst-case scenario. you're ride, four million would be a worst-case scenario. neil: cheryl, great reporting as always, my friend. meantime here, the dow liking what it is hearing, or market, not on claims front, the fact we could put a lid on this, especially if the benefits end up being $600 more a week as part of this legislation includes. way too early to tell about the impact there, how it will cushion the blow. cushioning the blow, doesn't mean it removes the blow. charlie gasparino, reminder we have negative interest rate wages on three and six month bill. the bill is negative .03%. on three month bill, negative 0.135%. that means if you want to keep your money safe, you are essentially paying the bank to

hang on to your dough. that is really weird. that is what happens under negative interest rates. the reason why that is seen flip way, potentially bullish for the tock market. people will say low rates are one thing. negative rates are another. might as well take my chance investing in the market with dividends yields averaging 3%. that gets into the weeds here. that phenomenon, extend beyond 1 and 3 month bills, it hasn't yet. that we're keeping eye on. dow up 952 points. kind of a collective shrug from the equity folks. go to charlie gasparino, we're focusing on debate going on in the united states senate. you're looking at senator barrasso who is addressing measures. this measure has price tag of two trillion, actually has a price tag it is and could be substantially bigger than that. charlie gasparino on that. explain, charlie. >> yeah, i mean i'm getting, my sources are some of the people,

major investors who were in that meeting yesterday with the white house t was larry kudlow, it was vice president pence and of course president trump. what some of those people came out of the meeting telling me is that this whole notion of a 2 trillion-dollar price tag is kind of like a net number. the real amount of money, i will get into why how it may work out to two trillion or eyeball it at two trillion, the real number of fiscal stimulus package at least communicated by them at the them is larger. somewhere in the line of $10 trillion. what does that mean? you will have loans, you will have direct payments. you will have unemployment insurance. stuff will be handed out. government will get some of that back. some is in the form of loans to small businesses. there is also, going to be on economic activity they're factoring in which lowers the price tag but really what is going on here, what the investors in that meeting said

is one of the more, maybe historically the most unprecedented amount of fiscal stimulus they have ever seen in the lifetime. the obama stimulus package i believe was $830 billion. that was considered very high. we spent billions and billions during the great depression, sort of in various fiscal stimulus measures even as fdr was taking over businesses and destimulating the economy. we had very expansive government, keynesian economic policy as it is known. this thing from what i understand is at some level that is historical. again, $10 trillion was the number that it was thrown around in there. neil, that is justice call stimulus. it doesn't take into account what the fed is doing. the fed is pumping in something like four trillion, maybe more. we should point out that markets are up today again. what the markets are trying to do, markets are always future looking. the unemployment number, could be a shocker tomorrow. it could trade off but you know,

i don't doubt that. this is moving target, the markets. eastern the 10 trillion-dollar number we may have more down days here. i will not say we're not. remember the unemployment number is almost backward looking or it is stasis. what markets try to do is price in the future. the future of just dumping this much stimulus on economy, i don't know, it should work, you know what i'm saying? the other thing that is or the of fascinating about this and again, i think it is proper to criticize the trump administration on messaging coming out of the gate, maybe the response, also the notion that everything should open like in two weeks, after easter, seems very -- i should point out he seemed not to be that adamant about the easter reopening and lockdowns in that meeting with investors. i should point out he, meaning president trump. you can criticize him all that

stuff, neil, but they are doing the exact opposite that led to the great depression. the great depression you had massive amount of tax increases by herbert hoover. per fdr you had restrictive trade policies. you actually had restricted fed. you're not having that now. even during the obama response to the 2018 financial crisis, neil, remember what it was. he did a stimulus package but destimulated economy so many ways. higher taxes, much more regulation, obamacare. you name it, we had very slow growth coming out of the financial crisis despite massive amounts of monetary and even 830 billion-dollar fiscal stimulus. so the trump administration, you can criticize him for a lot of stuff but their economic response here has been the opposite what fdr, herbert hoover, barack obama did and they're hoping for an opposite economic result. obviously devil is in the details. could be a lot of solyndras in

this spending package, i haven't read through it broad strokes, opposite what occurred in the great depression that led to the great depression. neil, back to you. neil: just to clarify, charlie touched on it, jobless claims are the not overall employment report. that is a moving meter if you will on the latest week. that is a fairly good barometer about concerns in the marketplace. the latest concern is this, they're going to be a doozy tomorrow. they could go as high as four million americans applying for unemployment insurance. which would dwarf, excuse me, chokes me up thinking about it, it would dwarf the695,000 applied for unemployment benefits in 1982 under ronald reagan. how that sorts out in future weeks and months, overall unemployment numbers and all, that is a guess. that is the concern out there.

the dow though, not concerned about any of this, up 1000 points on idea of this, presumably this would be the worst of it. we shall see after this. i can save you... lots of money with liberty mutual! we customize your car insurance so you only pay for what you need! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks,

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here with the dow jones industrials up better than 1000 points. details in a second as interest rates slip slide away, one and three month bills in negative territory. more on that in a moment. far greater crisis for most americans these days is dealing at home being couped up together. some families are making a go of it, looking to get a haircut or sal loan, good luck with that. cheryl casone on how others are well, trying to make the best of that. what have you got, cheryl? >> neil, hello again. it is rough out there for small businesses, particularly salons used to be so busy keeping us beautiful and blonde. entire salon and spa industry took off. it is devastating the shutdown is. across the country, those beauty salons, neil, we need them, right here, we need them. 23 states have their salons shut down right now. give you facts and figures, go

through the story with you. across the country, 23 states are closed. a lot of owners are saying things are rough. take a listen. >> ramping up for business when things are open again, which might mean putting more people on staff, having extended hours. you know, we are anticipating that when this is over there will be a lost people that will be dying to get into salons but in the meantime, you know, reaching out to the clients, rebooking -- >> you know major chains waited. they were hoping they wouldn't have to lay off hundreds and hundreds of workers. new york governor andrew cuomo, i thought it was interesting, announced a shutdown on friday until further notice. dominos started to fall. heyday, they had to lay off the staff. a big message from the small business to all of our clients, it gives our team the financial stability through unemployment we simply cannot provide as a business without our doors open. that goes what i said earlier,

folks saying laying off folks and go get unemployment. leaning on federal dole, unemployment check, is certainly a strategy a lot of companies have, but again other places laid off their staff. oscar bindi, jimmy fallon goes there to get themselves all pretty and dolled up. madison avenue salon which is well-known is closed. these days like some other stylists out there, he can't go to work, but offering advice remotely over the phone. i love this. the industry is doing everything it can to insure a comeback. at this point, be prepared to reopen. take a listen. sorry, this is the quote. anyway, this is what they had to stay, that ramping up for business when things are open again, that might be, i'm sorry, that was the sound bite earlier. despite the pending financial strain i closed because it was the morally, socially responsible thing to do. the small salon owner earlier, neil. you heard the big owner

obviously coming out saying what they have to do but these salons, i have to say, neil, it is a struggle. my own salon, my friend owns the salon. she asked me last week, neil, cheryl, i don't know where to go when i'm out of business. if i need to get the small business loan, if the government will give it to me, where do i even go? you know what? fox business will figure it out for you. back to you. neil: that's very nice. but it is ridiculous. certainly, many of them have 10 or fewer in their shops anyway. there shoved be a carveout for those that do. probably do late for that. cheryl, great reporting as always. take you to the floor of the united states senate. chuck assume certain addressing members right now. mitch mcconnell already has. on better than two trillion dollar package. david dietze is here to handicap what is next. david, as you know, it is expected to pass the senate overwhelmingly, but expected to pass the house, probably not tomorrow and be signed by the

president. markets think this will be a significant job to help the economy. do you share that? >> yeah, absolutely. what is important, both the size of the overall package and also how quickly it comes together. very few things in washington come together, as you know, neil, get done anymore because of bipartisan bickering. both sides are coming together, very rapidly. as charlie gasparino was talking about previously, the size of this bill, about two trillion, three times what we saw in the 2018 downturn, this is unbelievable. of course the nice thing is, interest rates are remaining low. the key thing is, the markets have no question whether this is the right move. of course there is no back up in interest rates. the united states can borrow whatever it takes. that is giving market as lot of confidence. neil: you know, charlie also got into the issue, david, this could be significantly bigger than the two trillion dollar headline number rounded, it

could be trillions more up to 10 trillion. he is throwing in there the four trillion dollar backup credit federal reserve would have at its disposal if needed to do rescues and all the rest but this will be a doozy. what do you think? >> you're absolutely right. i'm not sure anyone knows how big it is because of course some of it does involve direct expenditures, paychecks to various people around the country but also a lot of it involves forbearance of collections. forbearance collection of interest on student loans. deferring tax payments. hard to quickly put a price target on that. of course, what is interesting is, bickering as to which group of people would get more but the attitude is really is, with no concerns over the deficit and debt, instead of dividing up the pie, look you get your pie, i get my pie, you need another pie, there are plenty of pies around and if this doesn't work, they will go back to the drawing board. neil: all right.

we'll see what happens. david, thank you very, very much. we have mark cuban back with us. of course he said some fiery things when it comes to the senate slow boating all of this rescue stuff, but what he had to say recently about his own kids, if they dared entertain trying to go out in public to have fun in the middle of this. kids, let's just say cover your ears. mark cuban is next. protected lifetime income from an annuity can help your retirement plan ride out turbulent times. learn more at protectedincome.org. and platelet donations and asks healthy donors to schedule an appointment to give. during this corona virus outbreak, patients are counting on lifesaving transfusions. visit redcrossblood.org be stronger... with nicorette coated ice mint.

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neil: all right. well, it has been awhile since we had back-to-back gains in this market, but it looks like the market is doing its darndest to make sure it happens today. the dow up north of 918 points right now. a lot of that buoyed by optimism that the senate will go ahead and approve that $2 trillion measure to stimulate the economy. as charlie gasparino was reporting, it could be significantly higher than that if you include the monies they are setting aside to help the federal reserve in case it has to help businesses and the like. that gets into a separate story. but all of this at the same time we have an anomaly in american history called negative interest rates, something certainly dominating the european theater throughout much of this whole slow economy post-financial crisis. right now, negative yields on one month bills and three month bills, essentially that means if

you want to have your money in a bank, essentially you have to pay them for the privilege. there's a bullish argument to this as i have been saying, without getting too wonky, a lot of people will say one thing about low interest rates but if you are telling me i have to pay someone else to hang on to my dough, that ain't happening. i'm going to just dive into the market where yields are north of 3% and take my chances. that is the hope, at least, something that has not always been borne out in the case of europe, the markets, equity markets, didn't disproporti disproportionately benefit when rates turned negative. they just stayed negative. this is the shortest end of the market, one and three month bills, hasn't got much beyond that but we are watching it very closely because if it were to spread to other maturities, it would bear watching and could have implications on the u.s. economy on loans and the rest. we are not there yet. i only mention it because it's something to note because it never happened here.

we will monitor that. again, if it's a worry for the stock market, we really don't see that right now with the dow up better than 924 points. whether it's a worry to my next guest is anyone's guess. he's a billionaire, very very savvy investor, of course, very savvy basketball team owner, the mavericks, a host of others with a good read on how the economy is doing, how folks are behaving and particularly how politicians are not behaving. i'm not crediting mark cuban with getting the senate to the point where it's finally going to vote on this measure but is j jawboning them to do their jobs and the rest is sort of compelling them to act. he joins us on the phone right now. good to have you. on the phone: thanks for having me, neil. neil: first off, i don't want to start off wonky, but this negative interest rate thing, what do you think of that? on the phone: i mean, obviously the fed is pumping so much liquidity in and basically with

unlimited qe, the markets are just trying to figure out how to respond. you know, [ inaudible ] i don't remember what the low is and it bounced right up, i think that's what will happen here. there are not going to be a lot of people paying banks to take their money. neil: i hear you. you know, the president yesterday was talking about maybe dialing back these at-home measures that are in effect for more than half of americans, one-third of the world, if you think about it. some criticized that it's a little too soon to talk about dialing this back. how do you feel about all that? on the phone: i'm certainly not an expert in any of this so i just have to digest it like everybody else. if you take what the president said plus what all the people who stand behind him say, my take on it was come easter, we're not going to be released from quarantine but will be given a better idea when we may be released from quarantine and

i'm fine with that. i don't think, when you have imperfect information and in this case we don't have any certainty to the information we have at all, you can't really [ inaudible ]. hopefully when the time is right you can make calls [ inaudible ]. neil: all right. we are working on your audio a little bit. mark, i did want to get, i hope we can correct it, you had talked about the nba resuming its season by the middle of may. was this a goal or do you know something i don't? on the phone: [ inaudible ] just put it on tv because i think america needs sports right now. i think we need something to cheer for. we need something to get excited about. we need a team to root for. i think the nba can fill that need. i don't see us playing in front of fans for a long time but i would take the over/under, i would take the under. we play some sort of game on tv

for fans. neil: it would obviously be without crowds in the stands but you are hopeful it could be may. you think by early summer, that could start happening? on the phone: yes, i do. again, this is just a guess. i can't on one hand say i don't know any more on science, this is based off of what i know or what i hope and you know, i think [ inaudible ]. obviously we're not going to put anybody, any players or fans at a all, under any circumstances. neil: a lot of people are getting impatient with this whole stay-at-home thing. you had some interesting things to say about your own kids, if they dared want to go out in the middle of something like that. could you refresh our memory? on the phone: it first started, the self-quarantine, be careful and social distance. my 16-year-old daughter was like

well, my friends are going other to visit their friends. i was like no. she finally started [ inaudible ] if she did that, i never spanked her and have no intention of ever spanking her but we are in the middle of the beach, i would spank her right on the tush, you know, because this is -- neil: so when you see cases in florida where all these young people are out there having a grand old time, and obviously, at risk of spreading the disease. in fact, a number of them did get the virus. so we have to be careful of that, right? on the phone: absolutely. when we were all 16, 17, 20, 21, we thought we were invincible. when we get older, we learn that's not the case, obviously. this is not just about us individually. that's really the point i have been trying to make to our kids. you can be a carrier and not know it and you might infect

somebody and hurt somebody. in any other circumstances, that's not something you would ever do. you would never intentionally hurt somebody. that's potentially what you could do. so we need to be careful. neil: how do you balance the president gets praise and criticism, balancing keeping americans' spirits up and maybe giving them a sense of false confidence. how do you think he's dealing with that, the signals he's sending from the white house on that, like, dislike, what do you think? on the phone: i think the people that stand behind him in the press conferences have done a good job. i'm not here to criticize president trump because like i said before, when you deal with imperfect information, you make imperfect decisions. what i do like and what i have seen that's different than what we have seen from him in the past is he's starting to defer to people in terms of information. he stopped saying he's the expert, he stopped saying he knows more than everybody else.

yeah, he still has his commentary and still rips on people and that's probably not good. it's not useful ripping governor cuomo. but when it comes to the science and the facts, he's deferred and for that i give him credit. neil: the mood of the nation is such that so far, they're convinced we will come out of this. the longer this drags on, the more signs we see that there are going to be severe hits, maybe that dies on the vine a little bit. tomorrow, for example, as you know, there's a fear we could see a jobless claims figure in the millions, as four million americans apply for unemployment benefits. what do you think of that and what would likely be the reaction to that? on the phone: a couple things. one, yes, we will see horrific numbers and it's going to be terrifying but the people who have lost their jobs are already terrified. my hope, this is really where everybody needs to be vigilant, a, that their legislation passes this afternoon that has the unemployment insurance, it has

money for small businesses under 500 people, has the checks to everybody for $1,000 or $1200 each. we need to make sure that not only gets signed, but also that all of it gets executed on very, very, very quickly. it can't be a week, can't be two weeks, can't be politicians saying oh, we did our job, now it's up to each individual department to execute on their side of it. we need to stay on top of them and make sure that it gets executed because that money needs to get in people's hands because once individuals have $1,000 or $1200 in their hands, you start to have a little bit of control. you start -- it's not, you know, right now so many people, there's uncertainty whether or not they can foeed their kids, pay their rent, pay their utilities and by giving them that money, that solves for a short period of time and the unemployment insurance almost full salary and making it a furlough as opposed to you haven't been fired, you can go back and still get health

benefits, that's a great thing. for small businesses, anybody who is watching now who runs a small company with under 500 employees or is an entrepreneur, you could say do you understand what's going to happen with this new legislation because the way i understand it is that if you go to the bank and you certify that you will retain all your employees, they will give you money for four months' worth of payroll for any employee making under $100,000 a year, plus rent, plus utilities, plus debt. so entrepreneurs and ceos of small companies need to make that happen now because then you can get that payroll money into employees' hands and you can keep them from being fired or laid off. so when you ask how are we going to make people hopeful, these are the things that need to happen. so the great first step was

getting this legislation signed hopefully this afternoon. but the more important step is all of us being very vigilant with our representatives and saying when is it going to get in our hands. don't let them off the hook. we need to know. loik t like the commercial says i want my money and i want it now, that needs to be the perspective of every american. that's what's going to get us past this, the unemployment claims, and really give hope. neil: you know, indulge one final question. it's more personal but in dealing with your own kids, whether they go out or not, do you ever i donuse the ultimate n which says you are getting nothing, you are inheriting nothing? i tell my kids your mother and i are spending every last penny. you are on your own. what do you do? on the phone: [ inaudible ]. neil: worst case scenario.

all right. mark, thank you very, very much. apologize for some audio difficulties but very good having you on. mark cuban, dallas mavericks owner. one thing about mark cuban, he puts his money where his mouth is. i'm not talking about at home, obviously. but i'm talking about how he takes care of his own people. support for hourly workers, maintenance staff, everybody. making sure not to let go of anybody, making sure they are taken care of. he takes that onus and responsibility on himself. some are better prepared to do that than others, but that he does walk his own talk. all right. connell mcshane joins us now. we have danielle dimartino booth and cheryl casone. connell, this idea that there's going to be a shock to the system, cheryl touched on it earlier, this claims number tomorrow, but a lot of people seem to be prepared. when it comes out, are they going to be? >> you know, we've had --

>> when we start throwing numbers around -- >> we have had jobless claims at a half century low for a very long time. this is the longest expansion in the u.s. labor market in the history of the country and i know that we are prepared as people who follow the markets closely, but when that headline first hits on friday morning, i don't know if it's going to incite a fear factor in the public. to what mark is saying, i'm laughing, you've got three people in a row from texas here, but to mark's point, i've got friends who make $100,000, $150,000 a year who have already been fired getting that information out to these small business owners right now is going to be a really powerful way of trying to tamp down the fear in the public when they start to see these really scary headlines come out. i saw an interesting statistic. people who make between 75,000

and $100,000 in this country, 38% of them don't have any cash cushion savings. they're locked out, the cash will be going directly to households, that's only for people who make $75,000 and under. living expenses, health care expenses, it can be very expensive for families even if they make what people consider to be a lot of money and they don't have that cushion. that's why i think the small business comes in and you've got to cut the red tape, get with the banks and get that money out there quickly as possible to save as many jobs. neil: connell, first off, what happened to your voice? secondly, do you have any sense, connell, this is going to be well received when people hear they are going to go whoa. >> yeah. i mean, especially if the numbers, what did morgan stanley say, 3.4 million, you mentioned 4, goldman sachs said 2 last

week. people said we have never seen anything like this multiple but danielle is say and to what mark unicuban was talking about reporting out as we do when these bills are negotiated in real time, the draft of the bill is out there and hillary vaughn is doing a good job of going through that, giving us the bullets throughout the day. we had the previous drafts so to mark's point, we kind of know sort of what's in it. the mechanics, i think, the old devil in the details thing, will be the question going into tonight, tomorrow and you know, probably for many business owners, end of the week and the weekend to make some key decisions. so if a business owner decided to cut his or her staff last week, now you have these jobless claims numbers going up, maybe there's a different decision being made next week, the extension of unemployment benefits might be one incentive where people, you know, remain furloughed and are able to collect better benefits and then come back on the payrolls when we get through the crisis. however, the small business loans and how that is

distributed, how quickly it's distributed and the mechanism by which whether you go through a bank like mark suggested and you are able to get the loan forgiven for salaries under $100,000 and businesses that employ fewer than 500 people, if you can do that quickly, that's a totally different decision for a business owner, where that person who made the decision to fire or lay off last week is now saying to themselves all right, let me maybe bring someone back on or at least not lay someone off i was going to. that's all going to play out in realtime over the next few days. neil: you think about it, there is the issue of speed. as mark unicuban was saying, th have to see it right away. he was even talking about social unrest if they don't, especially if it appears the benefits have gone to all the big corporations and the like and they worked hard to try to make that not the case, but that time is money here, quite literally, and people want to see that immediate impact, right? >> well, every small business for the most part on average has about 30 days of a cash cushion.

we are now a good two weeks into this at this point, this crisis, and to connell's point, i talked about that earlier, these companies did start to lay off folks last week so we will see that tomorrow. on the other side of this, when i talk about messaging from the sba, the sba will really have to step up and reach those owners, i don't know if it's e-mail, a phone call, maybe you do communicate to the banks, you can walk in and get that loan but here's one problem i foresee in all of this. if there's going to be this rush to the bank from a small business owner to get cash to help maybe to your point, maybe he can keep his employees on the dole, can the banks actually handle this, guys? can they actually handle the flood of applications they are going to get for these loans? it's great they are no interest, it's great if it's a grant. i love the tax breaks. i love what mark talked about, the fact there's going to be $1200 in somebody's pocket, that direct check that empowers them. i also love mark cuban because i am from dallas and him and jerry jones are like the men when it comes to dallas, go, cowboys,

but at the end of the day, it's the messaging. i think that's -- now that we've got this $2 trillion fund out there, let's talk about where the $357 billion to small finances, how are they going to get it and how do they even know where to go. neil: yeah. they better not be forced to wait long for that if that is the case. guys, thank you all very much. meanwhile, we told you about the olympics being put off for another year. what are all these athletes to do? some of them training purposefully for that great moment that's now put off another year. a five-time olympian, 12-time olympic medalist, what she has to say, after this. you can't predict the market,

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atlanta. reporter: yeah, federal health officials are deeply concerned about the new york metro area. it accounts for approximately 56% of all u.s. covid-19 cases and 60% of all new cases in the country. while new york, california and washington state have the highest number of cases in the u.s., louisiana has one of the highest rates of infection per capita. the national guard is running several testing sites in louisiana. president trump has granted governor john bel edwards' request for a federal disaster declaration. the governor warns the area could run out of hospital beds by early april if current trends continue. more than half of new orleans ems employees have been exposed to coronavirus. new orleans mayor has ordered residents to stay home except for critical needs. >> the more people who stay home, the more lives that we will save. reporter: the police department says one of its commanding

officers has died from covid-19. this is the detroit police department's second coronavirus death. the first involved a 38-year-old 911 dispatcher who died on monday. several grocery store chains including walmart, kroger and publix have started installing plexiglass barriers to protect cashiers and pharmacists from covid-19. grocery stores are listed as essential services so keeping employees healthy is crucial to maintaining america's supply chain but what a glimpse of the new normal. and during natural disasters and man-made disasters, waffle house is often viewed as sort of a barometer of the severity of the disaster. well, waffle house says that 365 of its restaurants are currently closed. more than 1600, though, remain open. neil? neil: jonathan serrie, thank you very, very much. into all this confusion, what to do about sports, what to do

about the olympics, pushed off another year, a lot of athletes wondering now what do we do, we have been primarily focused on this and only this, on getting ready for the summer 2020 olympics, now summer 2021 olympics and no guarantee that athletes would qualify together this summer in tokyo would do so next summer in tokyo. words from someone who bears listening to, a 12-time olympic medalist, participated in no fewer than five olympics. that has got to be a record. got to be a record. dara torres joins us now. thank you for taking the time. on the phone: thanks for having me, neil. neil: what do you tell these kids? you know, you have been to five olympics, decorated almost as much as any other athlete in history, and they might not have that shot. >> you know, it's a tough situation to be in.

these athletes have been training their whole entire lives for this one moment. now it's been disrupted. but i think all athletes can say that health is the biggest concern and if it means pushing it back another year, it means pushing it back another year. what these athletes have to do, though, is reset their minds and their bodies because they have been training for a specific date. athletes are always on schedule. now they will have to kind of reprogram their brains and bodies and realize it's going to be another year until this happens. neil: but you know, there are no guarantees. just because you make the first olympics didn't mean you would make the second or third. you have to start from scratch, prove yourself all over. you did, time and time again, including the last olympics, at well past 40 and still, you know, on fire. some of these might think that they automatically will qualify for the 2021 games. what do you tell them? >> well, you know, i think it's different for each athlete.

if it was me and i was 41 doing this now, it would be a lot tougher for me to do it a year later because i would be a year older. some of the older athletes, it's going to be tough. the younger athletes, they can still hang in there. every sport is different and for swimming in particular, the trials aren't until five weeks before the olympic games. so that team hasn't even been set yet. there are some teams that are set and they know what their goals are, what they have to do and that's delayed another year but there may be some kids on the swim team that weren't necessarily going to make the team this year but might make it next year. it's a whole different ball game now a year later. neil: i'm wondering about your career. if you think about it, long before tom brady, there was you. the idea of pushing the biological clock much further than a lot of people would have in the past thought possible. what do you make of his career, he's starting again fresh with a new team. what do you think of all that? >> i think it's great. i think way back in the day,

there was this myth that the older you are, the slower you'll be or less competitive you'll be. i think older athletes are sort of debunking that myth and you are realizing that you can compete in your 30s and 40s. look, he takes hits every single game that he's in and you know, for me personally, i was a sprinter, actually, it made it a little easier but super impressive what he's doing. now he's going to hopefully try to get the tampa bay buccaneers into the super bowl with a new team. neil: i just like the fact you were able to push that biological clock and push the clock as he has done, way too far gone for me, i might point out, but you -- >> thank you. as you get older, you have to listen to your body more, you have to put some more recovery into your workout, eat healthy and you have a whole different mindset when you are more mature than when you were in your teens and 20s. he knows what he's doing.

he's been doing it the past number of years. he will keep listening to his body and do what's best for him. neil: my body just says don't. just don't. but maybe that's the difference. >> you should get on instagram. i'm posting lots of workouts for people who are stuck at home. check out instagram. neil: i want to do that. because apparently curling submarine sandwiches is not a workout. i will look at that. you are a real inspiration to so many people. >> thank you. i appreciate it. you know what, the ioc sadid th right thing by postponing the olympics. thank you for having me on. neil: thank you for sharing. i think a lot of americans had to hear that from you. all right. what does your body clock say? who is telling you to work out or not? after this.

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neil: all right. we have told you about close to f 56,000 cases of coronavirus in the united states. there are a dozen states now that have at least 1,000 cases, including new york, new jersey, california, washington, illinois, florida, louisiana, massachusetts. we will get into all those details in just a second. but they are trying to contain the numbers of them, not only by making sure that people try to stay at home but when they do go out, they're not sneezing too much, that someone's on a watchful eye with them. susan li on how some grocery stores are trying to monitor that. susan: grocers have remained open, being deemed an essential business despite the fact more and more states are telling residents to stay home. but at grocery chains and here in new york we have seen reduced hours, more deep cleaning and staggering of customers so there aren't too many in the store all at once and also, an extra layer of protection now, a sneeze guard. so plexiglass separation

barriers being erected at walmart, kroger's and albertson to separate the shopper from the cashier, especially when they are sneezing or any sort of droplets come out, so no one gets infected with coronavirus. speaking to the largest grocer in the nation, walmart, with groceries accounting for 50% of their sales, walmart tells us staying safe and healthy is more important than ever for our associates, our customers and for us and installing these barriering is another way walmart is helping bring peace of mind we are doing everything we can to keep our people and our stores safe. now, grocers have remained open but it's a boom time for other chains like kroger's and albertson because people have been stockpiling. they have still been buying a lot of goods online as well and as a result, we have seen walmart saying they need 150,000 more employees. also hiring, kroger. looking for 10,000 workers. albertson's looking for 30,000. publix supermarkets hiring around 2,000 or so. walmart for its part saw a record high last week, the first

dow component to hit a new record since february of last year and people say that with the demand for online shopping, online grocery buying and consumer behavior changes because of coronavirus and the quarantines taking place, walmart should continue to do well. we have seen a lift as well for the likes of kroger and albertson's despite the fact we have seen market declines for the broad benchmarks. neil? neil: thank you very much. again, this stimulus measure that they are voting on in the united states senate today, expected to pass, will include protections for those who are out of work including jobless benefits that should go up to $600 a week more than was the case in the past. and that they will extend longer in case they are needed. whether that is too little, to late, to my next guest, remains to be seen. come in, julia. she ran a very successful eatery in the arlington, virginia area,

courthouse social beer garden. welcome to both of you. >> thank you so much. good to be with you, neil. neil: how are you guys holding up? >> well, the name of our restaurant, courthouse social, is part of the name. you can imagine we are totally reliant on social gatherings, corporate reservations, people coming together which is exactly what we can't do right now. so we found ourselves quickly pivoting, completely rolling out a new business model of carryout delivery only which was not a focus in the past for us. but you know, we were staying up at night, losing sleep, thinking about our staff. they have children and families of their own. we couldn't afford to wait for congress to pass any sort of relief. we felt confident that they would, but we had to spring into action and create an opportunity

for our staff, serve the community as best we could, as safely as we could. so it's been a whirlwind. we have been doing our best to stay in front of it, keep the staff positive, motivated, healthy, paid. julie has been helping with the social media. >> yeah. we're located in a really busy area of arlington so we haven't focused on our online marketing and social media marketing as much. this has really been an opportunity to kind of turn our focus towards that, reach out to our community online since everyone is safest staying at home and getting people to come by, pickup, delivery, we are delivering now. we bought two scooters and will be attaching little [ inaudible ] -- >> always a silver lining. >> some fresh homemade food. we are doing everything we can think of. neil: you're not going to put

kaveh on one of those scooters, are you? that could be a risk, wouldn't it? >> i would be lying if i said he wasn't having a little bit of fun test driving them. >> i have already taken out food deliveries myself. neil: all right. but no one has been laid off, so far, you've stuck with -- you can't do that indefinitely, right? >> i can't. basically, our sales came the a screeching halt and after rolling out this carryout delivery program with support of the local community, we were able to gain about 15% to 20% of our sales back. i was able to provide my kitchen staff one week paid vacation and to be able to keep them home and safe and we've had a few staff members coming in in limited shifts, working. so i have been able to kind of weather this storm very temporarily. we are very relieved to see there's some relief coming our way hopefully soon. but like i said, we couldn't sit

around and wait. we had to take care of our people and our community. you're absolutely right, this is not sustainable indefinitely. for the time being, we're okay. we've had some planning fortunately, we owned a canning machine that we have now put into overtime to can our draft beers and send it out to the people. so we're hopeful for the best. we're trying to do our part in promoting the social distancing. we are -- we rolled out a number of protocols. we are checking temperatures of our staff, wearing gloves, all of the employees on their shifts have to wear masks. we are sterilizing all of our electronics between signatures. we have ramped up all of our cleaning. we have specific delivery protocols, our bags are double-sealed so that customers can feel comfortable they can remove the outer bag and the inner bag was produced in a very very clean environment.

so we s trihave tried our best adapt. but you're right, it's not sustainable. for now we have been able to survive and that's really all it has been, survival. >> one order at a time. neil: what you're doing now -- go ahead. that's the way to be, guys. you are both remarkable. through no fault of your own, you are hit with this and trying to make some good of it. julie, if you can get me video of your husband on one of those scooters, i will pay you for it. >> there's some video coming your way. neil: guys, hang in there. you don't want to see me on that. i wish you well, guys. hopefully some better days are ahead. remarkable. hang in there. be well. >> thank you, neil. thank you so much. appreciate it. neil: thank you. more after this. 300 miles an hour,

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neil: all right. we are at session highs right now. the dow jones industrials sprinting ahead 1286 points on top of the 2100 points gained yesterday. so to my math we are up about 3334 points over two days. not too shabby. a lot of this built on optimism over the stimulus measure in the senate, expected to be approved there, then of course in the house tomorrow. they have already in the house gavelled in and out so they will not be voting on it at least today. but expected to tomorrow. devil's in the details in this. it's a big old package, there's a lot of stuff in there that probably shouldn't be but most are saying just get the thing done and wall street is confident that it will get done. in the meantime, the number of cases in this country continue to spike. we also see india dealing with day two of an cross the board lockdown for all 1.3 billion of its residents. but it's something else india is doing that is sort of getting an outcry from the rest of the

world. edward lawrence is on that. hey, edward. reporter: hey, neil. yeah. so the fda in this country actually removed the ban on certain india drug makers from importing into this country hydroxychloroquine. that's the drug, malaria drug that's shown some promise in dealing with the symptoms of the coronavirus. some hospitals are starting to use that drug in part of the cocktail for the most seriously ill. so as hospitals use it, the demand goes up and concern for shortages of that drug rises. in response, india has banned the export of that drug to anyone around the world. hungary, according to reuters, also did the same. senator john barrasso not surprised, but saying this highlights a long-term issue that has to be dealt with. >> now that there is some speculation that this drug may be helpful in the fight against coronavirus, people are looking to get the medication. in terms of india's desire to do that, it does show the need for

the united states to not be dependent on foreign sources for our medication. reporter: bayer makes hydroxychloroquine in the united states but as they increase demand, if this truly is the magical pill, then they may not meet the demand that's out there for this pill. back to you. neil: all right. edward lawrence, thank you very, very much. senator chuck grassley on that, other issues coming up in the united states senate and some other provisions in the stimulus measure about which you might not know. you probably will want the know. after this. i like liberty mutual. they get that no two people are alike and customize your car insurance so you only pay for what you need. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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neil: all right. i said sometimes expect the unexpected when it comes to this bill the senate will pass very quickly, this measure, this stimulus deal. apparently there's a provision in it that alarms a number of senators who otherwise would support it. senator scott and sasse and graham demanding immediate action to fit a provision that would add strong incentive for employees to be laid off instead of going to work. they say we must sadly oppose the fast-tracking of this bill until this text is addressed. we got chuck grassley with us right now.

senator, do you know anything about this? on the phone: yes. we've had quite a discussion this morning among all the republicans on this point, and there is an idealogical sound statement that they're trying to make that in times of -- like this, if we're going to pay this kind of unemployment, we are going to encourage people maybe to not work if they cannot work and make more than if they were working. so unemployment was never meant to do that. and so they're trying to see, these senators, and i share their view, these senators are trying to see if the department of labor through regulation can take care of this. now, we did, in fact, have difficulty in writing this provision because it came out of

my committee, because we got 50 different unemployment systems with 50 different states, and the capability of them maybe changing their monthly allotment varies from state to state. some states can do it in a couple weeks. some can do it maybe in six to eight weeks. we had one state that said their computer wasn't able to add in more. so we put a flat amount in and that flat amount put in in addition to the unemployment they would normally get, does raise this possibility. so number one, should you be paying people more if they aren't working than they're working because you're going to encourage more unemployment and secondly, in areas like health care, which is so necessary now, for the pandemic, we don't want nurses' aides leaving the hospital or the nursing home to collect unemployment because it's more than they worked before so it may even detract

from our fight on the pandemic. neil: have you heard from democrats? on the phone: i'm sure democrats don't mind some people making more money unemployed than they would where they last worked. neil: it couldn't rattle the deal, though, could it? on the phone: i don't see how at this point. we've got to move this along and we're going the find some way to take care of it. that's why we're trying to work with the secretary of labor to see if there's some way by regulation they can take care of the concerns of these senators that have raised a legitimate concern versus amending the bill which may cause some problems at this point. neil: senator, how would it work, though, for those who are out of work because of the coronavirus or you know, who stay at home because through no fault of their own, are out

versus those who are already collecting unemployment benefits? would there be a >> no. it is this simple. whatever state x, would pay like say $300 a week, this adds $600. that person for the next four months, if they're unemployed could continue to get about $900 under that circumstance. neil: all right. senator, thank you very much. and updating us on all of this. again this is not necessarily a deal breaker. we wanted to bring this to your attention there is provision raised hackles on some senators that could at least delay a vote. we'll have more after this. edward jones. it's time for investing to feel individual.

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neil: leave you with the dow up more than 700 points. deirdre bolton, do not screw this up. deirdre: i won't. i'm deirdre bolton in for charles payne. lawmakers reach a deal on 2 trillion-dollar stimulus package. we bring you to d.c. shortly where economist art laffer will be joining us. we'll talk about the markets. how do you know when the worst is over? expert analysis from someone you know