that is all we can do. cheryl: all anybody is doing. [closing bell rings] er knows toe ramos, 2 billion-dollar man. thank you. the rally taken the dow out of bear market territory in record fashion. that is it for "the claman countdown." "after the bell" is now. melissa: three-peat on wall street. stocks surging for the third time as the house is expected to vote on a relief bill for millions of americans tomorrow. i'm melissa francis. connell: i'm connell mcshane. welcome, everybody, to "after the bell." with this gain of 1300 points, the dow as cheryl alluded to a moment ago was able to exit bear market territory which is ridiculous when you think about it. we hit the bear market low not six weeks ago or three weeks ago. we hit the bear market low on monday. it is now thursday. with fox business team coverage, we have lauren simonetti following volatile markets this afternoon. edward lawrence with the latest

white house news. hillary vaughn on capitol hill. we start with you, hillary. reporter: house speaker nancy pelosi says she basically had to do jujitsu to shape the senate bill into something her members could stomach. she spent the past few days while the bill was delayed in the senate pushing to make the focus workers first instead of corporations first but house minority leader kevin mccarthy is criticizing pelosi for this delay saying while this bill was held up in the senate for several days while they were back channeling to pelosi, trying to work out a deal with the white house, several, hundreds of people around the country were wondering when they would get much-needed relief and some of the relief is in the form of cash paid directly to americans who need it most. anyone making under $75,000 get as one-time payment of $1200. for couples making less than one 50,000, they get $2400 in a payment.

americans waiting for money still have to wait on the house to pass this bill. >> one way or another, with losing no time with uc or anything else we will be passing the bill tomorrow. reporter: that vote is happening tomorrow. it will also give much-needed relief to small and mid-sized businesses too. small businesses with 500 employees or left can apply for small business loans that they won't need to pay back as long as they're spending money on payroll, rent, mortgage utilities. mid-sized companies anywhere from 500 to 10,000 workers will be eligible to get loans at a very low interest rate. they won't have to make payments for six months. the caveat on that, have to be based in the u.s., most of the workers based here in the u.s. connell? connell: hillary thank you. edward lawrence as we wait for an update coming from the white house and the coronavirus task force. the president i'm sure, edward the president expected to speak in the briefing in about an

hour. reporter: the president expected to speak in an hour. late this afternoon he spoke to governors that he will have new local guidelines will help the state governments whether they need to maintain, increase or relax their coronavirus measures that they're taking at this moment. this could be setting up the president's hope that the economy could be restarted by april 12th. >> i think easter the president was giving people a lot of hope and basically telling them this won't last forever and we'll see what happens over time. reporter: president in his letter aing that some areas could be designated as high-risk, medium risk, or low risk, setting up the possibility of opening large sections of the country while others remain essentially locked down. as the administration looks to flatten the virus infection curve, the house will move on the senate stimulus package tomorrow morning. it will pass, pelosi though, taking credit for it. listen. >> democrats in the senate and in the house were able to slip

this over from corporate trickle down republican version to bubble up worker first, families first legislation. reporter: donald trump speaking also today with the g7 leaders. they talked about sort of a coordinated effort, how they're dealing with this economic shock to the system. also how they're dealing with the virus itself, trying to get out the other side, possibly work to help each other as this economy does recover. the president focused on making sure the american economy gets back to where it was before the coronavirus hit. back to you. connell: edward lawrence. melissa: thank you, edward. all right, the dow officially exiting bear market territory. let's bring in lauren simonetti. lauren? lauren: melissa, was that the shortest bear market ever? over the past three days the dow has rallied 20%. right now it is out of bear

market territory. how does this happen on a day when we have almost 3.3 million people a record number file for first time jobless benefits? that is the first wave of the bad, horrific data. many experts expected it to be that bad, states like new jersey couldn't even handle the claims a rise of 1500% last week alone. this number is probably worse. they are waiting for the next shoe to drop, a second wave of horrific data to come down? what we see in the service sector bleed down to manufacturing? looking at numbers, how bad does it get, morgan stanley worst numbers i've seen, they expect a second quarter contraction of 30%, a jobless rate, we talk about 2.8 million folks filing for jobless benefits that will push the jobless rate up, morgan stanley says to 12.8% in the second quarter. so lookings we know it is ugly, we're banking on a relief package from congress to help us

out. look at boeing shares. this is epic. the stock this week is up 90% in one week. obviously there is something for everybody including boeing in that stimulus package. to wrap this up. i'm working from home. you guys working from home, slack, back above the ipo price from last summer. nice day today. in the past nine days alone slack added two million users. so with that, back to you guys. melissa: thanks, lauren. we're seeing how people really can work from home. we'll see if it sticks afterwards. connell? connell: yes, we will. we're talking about it all with doug holtz-eakin from the american action forum where he is president. doug, always good to see you. lauren, rightfully says counting on relief package out of washington, presuming it passes in the house, a lot is made of timing, in terms of congress taking as long as it did. we understand how congress works. it did pass.

what about other side of the timing? how much economic time this might be able to buy us as we know we're in for tough weeks and months ahead? >> well i certainly think there are two timing issues left. we know that right now, there was just a cascading cash flow crisis out there in the business sector. we're seeing people laid off in historic numbers. we saw that in the claims today. so it is important to get ahead of that, to get these loans to small businesses, that retain people on their payrolls, get the big business loans out. they will keep their employees on payrolls. that will preserve the businesses, infrastructure of the economy. but it will also provide timely payments to households and keep them off ui. so the first big timing challenge is getting money out and getting it into these businesses and essentially providing the bridge financing that allows them to survive this very sharp downturn. the second one you mentioned how long does that have to happen. there the design actually works

in the favor of good policy because this can go on, right? we can continue to make people, give people payments. continue to have businesses survive. maybe congress has to come back to put money in that. that would be the right thing to do. this is money designed to really attack the problem at the root. they have to get money out quickly. connell: so if you do anticipate having to go back to the well again, many people said that might be a possibility, what are the most important elements of stimulus? you didn't reallying bring up direct payments, $1200 to individuals necessarily. you talked more about the small business side of it? >> i think this notion how you have to choose between helping workers, helping people, helping companies actually gets it wrong. by putting money say small business, a baker, in the way that they do, you're going to have the baker continue to have an enterprise but we'll also have his or her employees on the

payroll getting their regular check. that is way better than a one-time check would not be enough money to live on. that is a essential part of helping americans survive the pandemic. i think that's the core piece, helping those businesses, helping them keep their employees on the payroll. the checks will help, right? if they arrive, six, eight weeks from now and we're in a position where, you know, businesses are looking to do more business and they're open and able to do business, that will be beneficial. but i think the survival and steady payments come with the lows is really important. connell: so that plays into this kind of discussion we're all having about the so-called reopening of the economy. the medical experts will tell us presumeably what things are important to them or broad more look at the curve in terms of the virus. what about somebody looking for years, running cbo, on and on, what about the economic metrics

we need to look at when we try to mesh the two or medical and economic, what metrics are most important? >> well i think the most important metric we're going to have to look at is just how much damage were we unable to avoid? what are going to be the closures of business, the layoffs and unemployment, how many people are showing up on ui? if those are large, consequential numbers it will be harder for the economy to grow quickly at the other side of the pandemic. we'll have a recovery that will take longer. we'll feel less satisfactory. the more we get in front of this and preserve those things, the better recovery will be, so i'm looking at metrics of the damage. we all the first one in the morning. we'll, it is going to accumulate as we go forward. connell: so as a quick final answer would you advise against the quicker reopening? in other words trying to get

things cranked up as the president set up eastertime line, being more careful on this end, you be sure when you reopen it the economy is at a point people want to go back, feel comfortable going back to work and school and everything else? >> i think that depends on conditions on the ground. i'm epidemiologist. a lot of this comes down whether you successfully get the money out there in the way it is intended to be spent. if you can, then you have the luxury of keeping everything, essentially in that suspended animation on bridge financing for longer but if it is not doing that, then we have a bigger problem with the economy and you have to start thinking about you who you can get it going. connell: right. you buy yourself a little bit more time. as always, doug, thank you. douglas holtz-eakin from washington today. melissa?

melissa: that was some great stuff, great information there. a new challenge for amazon. workers in at least 10 facilities across the country testing positive for the virus. susan li is in the newsroom with the details. you kind of knew this was coming. there are so many questions that go with it. how do they stay open? is it danger to people receiving those packages? what are you hearing, susan? susan: 11 facilities in nine states. new jersey confirming edison warehouse confirmed one case of covid-19. that takes you across nine states. two in new york city, california, kentucky, florida, connecticut, michigan, oklahoma, new jersey added to this list. only one facility is shut so far, one confirmed shut, queens in new york originally had the first employee that confirmed positive for coronavirus but there are other reports. maybe the fulfillment center in kentucky has been shut indefinitely. talking with amazon, we're supporting individuals and

following guidelines on local officials and taking extreme measures to follow safety at our own sites. i asked whether the employees wore gloves or safety or protective gear? they said, took us directed us to the safety guidelines at warehouses where they said employees are required to wash their hand often with water and soap or hand sanitizer. don't forget we have more headcount coming into the warehouse facilities. they're looking to hire 100,000 more for fulfillment and delivery. paying extra $2 an hour for pay and doubling for overtime pay. if you handle experts the way to do it, properly use gloves and don't forget to wash your hand afterwards. let the package sit out a day or so. given we have delivery days, they have gone through several hands, has been one or two days

or a week or few weeks given the backlog. experts say there should be low risk and low chances of spread of coronavirus at least on boxes themselves. guys? melissa: susan, thank you for that. more than 500,000 cases worldwide and 76,000 right here in the u.s. at least 21 states now with stay at home orders in place, including new york. where cases have skyrocketed more than 25% since yesterday. but are slowing in one of the hardest hit areas. we will talk to the mayor of new rochelle what made a difference in his community. what we can learn from that, for everyone else. that is next. connell? connell: looking at industries under pressure. certainly we're highlighting restaurants taking a huge hit, just fighting to stay open for business if we can. we have one ceo from the industry, talking about the keys to survival. stick around.

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melissa: new york state accounts for more than half of all coronavirus cases in america but new cases have slowed in new rochelle, a town that was once the epicenter of the state's outbreak. joining us now the mayor of new

rochelle, no, noam bramson. i'm sure you're happy to be on the mend. what would you give, what would you say got you through? what could you teach the rest of us? >> well we did implement containment measures in new rochelle a week before the rest of the state. as you pointed out in the introduction, new rochelle is now declining as a share of infections within the region and the rate of spread does seem to be moderating based on preliminary data that we have. that is tentatively at least good news because it indicates that the social distancing measures can be effective but i do want to stress we have to be cautious how we interpret the data. there are lot of uncertainties that go into the figures. we know we're in it for the long haul. we have rays of sunshine but nobody is popping champagne corks. melissa: you don't want to let down your guard? >> exactly. even if the rate is moderating we still have increased number

of cases day-to-day. melissa: yeah. so now as you're sort of coming out on the other side do you have a sense of what was roughly the percent of people who got the virus who had complications, who had to go to the hospital as opposed to those who stayed inside and got better and are basically own the mend but didn't need the very serious medical attention where we're seeing shortages of supplies and ventilators, that sort of thing? >> what we've seen in the statewide statistics that governor cuomo consistently shared, the hospitalization rate is typically varied between 15% and 20%. that is consistent with what all public health experts indicated at the outset. the majority of those who acquired hospitalization or intubation have been those who have had compromised medical conditions or compromised immune systems. it has played out largely as anticipated. that i suppose is somewhat reassuring because it indicates

the medical professionals had a good read what the virus is and how it plays out with vulnerable populations. melissa: i don't want to take away from your success so far at all but is there anything you wishing you did differently that would be good advice for the rest of us? i'm in manhattan. we're obviously having just an explosion all around you. is there anything you wish you had done differently we could learn from? >> well, no, i think most of what we can teach the rest of the world is positive and what new rochelle's experience indicates if you are clear and straightforward with your residents, if you share information in a transparent way, then people will rise to the occasion. they will take direction from public health professionals. they will support each other as neighbors, community groups and not-for-profits will step up and do what they can to address human needs. we can continue delivering essential services even with a skeleton crew in terms of our city office workforce.

so we can get through this, provided we are measured and calm and devote a share of concern and focus that is commensurate to the challenge in front of us. melissa: mayor, it is so wonderful to hear from you with everything that has happened and congratulations to you. i know you will stay vigilant. i remember it was shocking when your town was, you know, locked in. i know that is not what it really was. that is what people were talking about. it was so surprising at the time. we're so happy it worked and you're on the other side and i hope the same for the rest of us. >> thank you, i appreciate it. >> meanwhile, pushing, pushing for those stricter measures statewide. i will speak with one new york city councilman who is calling for a major shutdown over a week ago. plus what do you have, connell? connell: well you know, melissa you and the new rochelle mayor is talking about demand on hospitals. it is becoming a big story in the new york city area the other

days. other cities are dealing with it as well. at least 1000 hotel rooms in chicago are being used as quarantine sites. details how that is working coming up next. announcer: wash your hands... avoid sick people... and touching your face. there are everyday actions to help prevent the spread of respiratory diseases. visit cdc.gov/covid19. brought to you by the national association of broadcasters and this station.

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melissa: "fox business alert." general motors extending the suspension of operations at its north american plants past march 30th, adding it is unclear when production will resume. connell. connell: melissa, coronavirus rocking the hotel industry of course. in chicago though the city's government renting out thousands of rooms, hotel rooms, to house people who are suffering from the illness. grady trimble looking into this, joins us from chicago with the latest. grady? reporter: yeah, connell, inside of this hotel behind me are people awaiting test results for the virus and need to be quarantined for the meantime or people who have the virus but the symptoms are not necessarily

bad enough to justify a stay at one of the hotels in the area. the city rented out thousands of rooms in various hotels in chicago. there are plenty of open rooms. the hotel industry has been battered by the virus. occupancy is low here and across the country. some hotels think it is making better business sense to close and others are choosing this to generate some revenue because occupancy dropped so much. they will keep people on the payroll, including chefs who cook three meals a day and housekeeping cleaning certain areas and city will interact with the patients. chicago has not yet experienced problems like in new york where there is overcrowding at hospitals and not enough beds. they're hoping to nip it in the bud before that happens. they say this will help hospitals because it will keep rooms available for people who need them the most and help hotels fill rooms that otherwise

would be empty. >> there is an urgent need for housing and our hotels, when we have a lot of empty rooms and a lot of empty beds we're stepping up and answering the call of duty. reporter: of course this is just temporary relief. what they're really hoping for is that stimulus package to pass. that has a lot of provisions that would help the hospitality industry as well. connell? connell: all right, grady, in the meantime addressing what has been a massive spike in cases we will check back with one new york city councilman who was on the show warning us about a lack of action over a week ago. that is coming up. plus what else, melissa? melissa: we are waiting the white house briefing on the global response to the pandemic. president trump is expected to speak. we'll bring you any breaking headlines from the white house this hour. and one ever many chains making cuts. mcdonald's announcing it will begin temporarily removing some

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♪ connell: so the house is set to vote on the relief package that passed in the senate tomorrow. we're joined by the ranking member of the house financial services committee congressman

patrick mchenry. congressman, you support this bill. you said as much publicly. i want to speak to you if i can about some. details in it. >> sure. connell: among republican members of the senate, there was this conversation we don't want to make perfect the enemy of the good but we're worried about economic incentives, if people as part of this bill paid more not to work than to work, with the extension of unemployment benefits that might make our comeback economically or even our fight against the virus more difficult. do you share any of those concerns? >> absolutely, what they have done by making unemployment benefits overly generous outside of major metro areas, created a real disincentive against work. i think that is deeply problematic. also with the length of time, we have some folks that tried to leverage a lot of democrat leaders tried to leverage really bad ideas into the bill over the last five days which i think is bad for america, however i'm

still supportive of the bill because i think over half of it, i would say 2/3 of it is sharp targeted relief for those severely affected in rest of the country and small town america and small sized businesses and medium-sized businesses. i'm still supportive but the unemployment benefits side is just dumb. connell: we talk to a democratic member of the house and senate may have other view, they may support it in it things they don't like moving quickly, one of the rubs that congress didn't move quickly enough to get money out. in the case of small businesses sba loans part of at package. if you're a small business, you want to keep someone on your payroll, you can borrow money, promise to keep paying that worker, then the loan, the loan gets forgiven, becomes essentially a grant. i get the questions i haven't heard you address, going back to

incentives people looking at unemployment insurance versus keeping people on the payroll, how does that count against someone's credit? if you own a small business, that counts as default and more likely have credit problem down the line and more likely lay the worker off than keep them on the payroll, have you thought about that? >> that is a very, very smart question. the answer it will not adversely affect their credit. if they work out the loans with community banks or bank, for skipping payment things of that sort it will not adversely affect their credit for this national emergency we're dealing with. when it comes to the sba there is a lot of money driven to the small business administration. the goal here is to keep small business employees connected with their employer, keeping them employed. if it works as a grant, that means they don't go on, those employees don't go on

unemployment insurance. and if they go on unemployment insurance over following year or two the state will have to raise small business unemployment insurance. this is a way to save small businesses from drowning in a debt load from a crisis they didn't at all create. this is like, this is like a hurricane or a tsunami of sorts. so we need to get people through this thing to the other side without a severe debtload. connell: okay. that is really important information. time for one last quick question, like many people you're working, i can tell, i assume from home and a lot of people are doing that. for tomorrow's vote, is that, how is it physically going to work out? i heard voice vote or because having all the house members in the chamber doesn't seem realistic, do you know? >> that's right. we have a couple of contingencies put in place. the goal here is to have a voice vote. you saw a 96-0 vote out of the

senate, that doesn't happen especially in the divided political age we're in. in the house we should have a like kind consensus and we should have a voice vote. absent a voice vote we'll have number of hours which we can go into the chamber and vote to make sure our voice is heard. i spent my time on conference calls and on the phone working from home talking to my colleagues to work out the best deal possible. i think this is a good bill for america and helps us stay afloat. connell: okay. congressman, we thank you for your time. as always congressman patrick mchenry as always with important information. melissa. melissa: facing the inevitable. hospitals in new york city are overwhelmed as coronavirus cases continue to spike exponentially. go to fox news's david lee miller live in manhattan with the details. david lee? reporter: melissa, new york hospitals still struggling to cope with the ongoing coronavirus epidemic.

mount sinai hospital system says that it is going to now construct triage tents outside emergency rooms in several locations. that in order to accommodate the increasing number of patients in nassau county. the triage tent there is expected to become operational as soon as tomorrow. nurses at mount sinai hospital west in manhattan posted on social media a photo of themselves wearing trash bags as protective gear because they say there are not enough gowns and other safety equipment. fox news has not been able to independently confirm the authenticity of the photo. a staff member from the hospital died because of the virus, some workers blamed the debt because of lack of equipment. sometime ago the hospital issued a statement we always provide our staff critically important pp, personal protective equipment, to do their job, the troubling shows nurses in ppe

underneath garbage bags. emhurst hospital in queens 13 people died in single day. that area accounts for 32% of all the coronavirus cases in new york. a doctor told the fa no, times the facility is overwhelmed, apocalyptic. new york mayor bill de blasio in response tweeted out, we moved in 40 more ventilators and added more staff to increase capacity. elm hurst. >> ppe is on going issue. we do have enough ppe for the immediate future. the new york city hospital city system confirmed that, we have enough in stock now for the immediate need. reporter: head of the new york state nurses association says the governor's remarks are

misleading. says in many instances nurses are having to misuse, rather, reuse equipment beyond its recommended use. one thing not being disputed, melissa, is that statewide at least 358 people have been killed bit coronavirus, the majority of those victims here in new york city. melissa. melissa: david, thank you for that. so i spoke to new york city councilman steven levin last week who predicted new york's hospitals would get slammed as workers who live in the outer boroughs couldn't afford to work remotely citing data from mta turnstile swipes. take a listen what he said then. >> if you look at the data around outer boroughs, so you're looking at the bronx, queens, south brooklyn, you see that the reduction is only about 17%.

now what that says that doesn't factor in yesterday and today when there was more after lockdown and measures in place, but what that says is that people that can afford and are able to work from home, they will work from home. melissa: so the councilman joins us now. welcome back. you were right. you predicted we would see something like, when i saw the story about elm hurst we thought of you predicting people would have to travel back and forth bawls they have to work. when they got home they would be sick and overwhelm those hospitals in the outer boroughs. where do with we go from here? what is the solution. >> solution has to be increasingly more stringent measures. we're in a situation, just for folks to keep in mind, hospitalization rates is a lagging indicator seven to nine days after the infect in-- infections.

any policy regulation we put in place will not affect hospitalizations for seven to nine days. increase now, that is indication how many people were getting infected almost a week ago, a little bit more than a week ago. so what we've learned from elsewhere in the world, whether it is wuhan or italy is that as something like this pandemic grows in intensity, along that exponential curve, the measures to contain it or get around it or get ahead of it have to be more and more draconian and we're seeing that play out in italy right now. italy is about 11, 14 days ahead of us. we're headed in that direction. we haven't done anything in new york different from what they did in italy. melissa: let me ask you because, so, you know, i'm in manhattan. when you walk around, there is no one out. i mean it's very shocking. in the outer boroughs right now are you still seeing a lot of

people out on the street? >> sure. i live in the outer bor royce, greenpoint, a neighborhood in brooklyn. i see people walking up and down the main street in manhattan. we looked at mta monday, it is down 90% from its peak. so it is down from seven million rides to 700,000 rides but there are still 700,000 people taking subway in new york city this monday. those are mostly people that have to go to work, whether it is through some essential services that, that the governor is, hasn't kateed are essential. melissa: so there are people manning -- i don't want to cut you off, because you have great information. no problem. melissa: a lot of people coming in are working at the grocery store. it is not, there is no frivolous business going on right now. it is only very bare essentials. >> that's right. melissa: i don't understand how you get more locked down than that? are we supposed to close down

grocery stores? >> no, no you have to keep grocery stores open and essential businesses open. it has to do, in new york city we still haven't closed down playgrounds. we still haven't closed down all type of basketball courts or tennis courts, stuff leak that. it has to do with how we as society, as a city start to practice real social distancing measures. i think we're getting there, but i think that what we learned from wuhan, half measures, incremental half-measures don't really work. i want to make it clear, there are probably more people in new york city that have covid-19 than in wuhan at the peak of their epidemic. and so, we are headed directly towards wuhan, in fact maybe a little bit worse because we have severely undercounting the number of people that have this. one of the most -- melissa: we are but one of the

reasons why we're under counting that, councilman, sorry, i know we have this delay, so it is hard, one of the reasons why we're undercounting those people because they're relatively well. we're not giving them tests because they don't have symptoms. they aren't sick and a lot of people sick are getting better. go ahead. >> there is a, there are asymptomatic people but there is a large percentage of people that have mild symptoms. those mild symptoms are fever and cough, maybe shortness of the breath. doesn't mean they will be hospitalized, but it still means 10 to 14% will be hospitalized. it still means they can spread the virus to others. still means we're looking fatality rate of one to four or 5% range. that is what we have to look at. because all of these are lagging indicators, by the time we see the impact in our hospitals or sadly people are dying, in large

numbers, we're looking at, at a multiple of number of people that died in new york city on 9/11. that is what we're looking at right now. by the time that happens, we're, the time to have acted was seven to nine days before. so i would think that we're moving in the right direction now but i think we really understand as a city and society how serious it is, how important it is to stay home whenever you can, only go out if you have to go for medicine or food. or maybe go for a walk. but thank you for having me again. melissa: we'll have you back soon for more. thank you. connell? connell: we are just a few minutes away now, melissa, from the coronavirus task force briefing. we'll come live from the white house. we'll take you there as soon as it begins. don't go away. rket, but through good times and bad at t. rowe price we've helped our investors

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melissa: scrambling for survival restaurant owners are taking a big hit during this unpredictable time. we have paul, bet again chairman and ceo. thanks so much for joining us. i heard the cheesecake factory will stop paying its rent.

what do you think about that? is that the position that a lot of big business owners, big restaurant owners are in? >> well we have certainly entered the era of fud, fud being fear, uncertainty and doubt and sometimes these fear-mongersers are more cone tank just than the -- contagious than the disease itself. you asked about cheesecake. david overton is the chairman there, he does a phenomenal job of running his business but located mostly in malls. malls have been down in traffic quite some time. although the headline he is not going to pay rent, the backstory he will talk to the developers to work out a deal. you know, it's pragmatic for all of us whether franchisors or franchisees, public companies, private companies or independents, we need to

practice the looking at our business from all angles. so talking from an occupancy standpoint is really smart stuff. we talked about the supply chain and talking to, you know, distributors and your suppliers in terms of, of working out payment plans, working out terms, getting any kind of interest charges waived. it is smart business. it is tough man. melissa: to reassess your cost structure at this point. i don't mean to cut you off. we'll run out of time. i want to make sure we'll get it all in. >> sure. >> how does that affect the individual business owner? somebody like you has a lot of restaurants and a lot of stuff, has some cushion to get along long and uses this opportunity to reassess which is smart. what about the little guy on the corner with one restaurant? i imagine it is very different for him?

>> our three branches, bennigan's, itch the ability to be franchise ore, i have intellectual capital of myself around my team as well. we talk all the time and it is productive and we're get together other side of this. unfortunately, the private, the independent, one store owner doesn't have that facility. and so he has to do the smart things, savvy things, the practical thing. it is inherit in being an entrepreneur, look, here is the situation. here is what i need to do to get to the other side of that. if that is to work the store himself until a certain point in time. or as you have talked about, can you do deliveries, can you do carry out? in some cases we can do alcoholic beverage carry out in case of full service. you have to be smart, savvy and street smart, and tough as nails in get to the other side, not only taking care of your business and your team members and your supplier partners as

well. melissa: sew as you make those choices who you will pay, whether it is the rent, whether the employees and you look what happens to these different, you know, entities if you don't pay them, for the small guy, what do you think he does? does he put his workers on furlough, real quick? >> you know, it is really a case-by-case basis. it depends, is he a pizza guy or a full service guy? has he been established? did he create a reserve of money that he can pull from? it is really a case-by-case basis. you have to take a look at every single piece of your business from a supply chain piece to a labor piece. melissa: okay. >> and get the best deal that you can. melissa: paul, forgive me. we'll get cut off. we have to go. thank you, i apologize. thank you, connell. connell: yeah, lot to fit in here. white house briefing in a few moments. we'll take you there live as soon as it begins. so stay with us. that's coming up next.

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melissa: we're waiting for thes where yowhite house briefing. connell: we'll take you live to that we will see you tomorrow, with more after the bell, thanks for joining us. david: good evening i am david asman, sitting in for lou dobbs, who remains home in self quarantine, he be joining us. we're waiting for president trump to hold his daily coronavirus task fore briefing, president also will discuss his telecom frienteleconference mee0 leaders, he spoke with u.s. governors, we'll take you to the briefing as it begins. on capitol hill. senate answering call of president trump, unanimously passing a 2 trillion dollar relief package for the american