in an interview last night, he denied talking down the market in order to make a profit. there you have it, and into a tumultuous week. it's an honor and a privilege to sit here and relate the news at a time like this. we are glad to do it and we hope you like the product. new york it is yours. neil: thank you very much stuart, we are following up everything you are following including some reaction to your chat with the vice president of the united states. the market takes away, the dow soared 862 points, there's a lot of reasons for this, it can be a reaction after the enormous run of one of the big enter biggest three-day run above the better part of seven years, it's time to calm down a little bit. we have bear market rallies that occur in a lot of time when they do occur, they are unwound by the bear market territory, not all the time, it just happened some of the time.

that's what you see going on today, issues that are taken on are the likes of boeing and disney and exxon mobil with oil week and oil related issues and services are taking on as well. earlier on i told you in the week what's happening in the front and of the so-called yield curve when one in three month bills were returning negative rates, if you want to park your money at a bank in a negative rate environment, your to pay the bank for the privilege of hanging on tour your dough, that is no longer the phenomenon right now as yields have turned positive on the shorter-term security. there was a flipside to the argument and there's less then a reason to move over to stocks. if there are no more negative, they are very, very low, they are extremely low but bottom line they are better than where they were. let's get to read from hilary vaughn, the relief package coming from the house of representatives. they had some yelling and screaming going into this but

their intense abating about in a passage today. what is the latest. reporter: we just had some late breaking news, what is happening is there is concern that there could be a spoiler that would derail the vote. congressman thomas matthey has made it clear that he wants a roll call vote and he wants a quorum which means you have over half of the members here in attendance to vote, if you don't have half of the members you cannot vote on the bill. that would significantly delay this bill, it is not clear if there is a quorum of members, many were out of town and it's not clear when massey will call for this boat. we got indication, he tweeted this, i swore an oath to pull the constitution, i take the oath seriously. in a few moments i will request a vote on the cares act which means members of congress will vote on it by pushing yes or no or present. the constitution requires that a quorum of members be present to conduct business in the house. but we also did just hear from

mice minority leader kevin mccarthy who told our fox news producer on his way past the chamber there will not be a roll call vote and when the producer asked what about massie's tweet saying he will call for one, mccarthy said stay tuned. but all of this back-and-forth is getting the attention of the president who tweeted this to the congressman, looks like a third rate grandstand, congressman thomas massie wants to vote against and he cannot stop it, only delay which is dangerous. while we wait to figure out when and if this potential roll call vote is happening which would span over several hours, we also had some fireworks early on the house floor from one democratic lawmaker who had an ominous doomsday message for viewers, warning them to take coronavirus force more seriously.

>> we have to go into this boat, eyes wide open, what did the senate majority fight for, one of the largest corporate bailouts with a few strings possible in american history. shameful, the greed of that fight is wrong. >> you will be pushed in our society needs you to stand together at this time, our country loves you, toward doctors and nurses. >> the general ladies time has expired. the general lady from maryland is reserved. >> we are standing by for updates, there is still about 40 minutes of debate left on the floor, we don't know what will happen after that, if they will try to push forward or if massie will step forward and call for a roll call vote. >> thank you very much. i don't know how many at home are familiar with massie, he deserves a hell of a lot better

than a third grandstand her. whether he would agree or disagree with this fiscal conservatism, walks his talk and he simply says, this is a crazy package of that will d not do mh good. congress and massie supporters have piped up a little bit criticizing the president for calling him a third rate grandstander, among them from arizona republican who said that he is a good man, a solid conservative, he believes in the constitution strongly. he says thomas, hang tough brother. rand paul. [cheering and applauding] , saying he believes what he believes in everybody should just calm down. were paraphrasing the gist of what they're coming from. whether you like congressman massie or not or whether he disagrees over the package you might consider to be vital organ demand, grandstand or that might be pushing it in these times let's get the reed on the market. the bottom line is, the markets want to see the stimulus measure

done in the fact of the matter is, these developments don't give them much encouragement, not that this is exclusively on the political development but they are not helping matters either. lauren is following that. >> to put this into perspective, it's an up week believe it or not for the market. let's show you the numbers, monday we were down but if you look at tuesday, wednesday, thursday, dow up over 3300 points. giving some of that back obviously today, the ims tees just said the globe is in every session but the recovery depends on the containment of the coronavirus. containment means shutting down so many parts of the economy. so many? , we don't know how bad the virus is going to get, we don't know how long it will last and waiting for our politicians to pass something to put money in your pocket and give it to companies. if they do pass it today, the

house, how quickly can the checks go out, it's all about speed, everything's a big? let me tell you the cruise lines, they are taken on the chin today, they were the early source of the coronavirus infections, they are out of the congressional bailout package because they don't have their headquarters right here in the usa. so there getting hit hard today. i wanted to show you the airlines who will get relief but many are down, american, the largest carrier said for a brother cutting their capacity by 60% and by 80% in may, the ceo just said for the flights we are flying, they're not even 15% full. it just goes to show how demand is drying up as were looking at an economy very much in a standstill. i don't want to be all negative, i want to end on a positive, this mild direct club, forcing the private sector including smile direct they are 3d

printing facemasks for healthcare workers to protect them as they deal with the coronavirus patient and without the stock is up nicely. back to you. neil: thank you very much, we are getting more and more conservatives right now coming out and defending congressman massie who said the president is a joke and should be thrown out of the party. the daily wire hazmat defending massie he says he's a good congressman in this bill is garbage and calling for good congressman to be thrown out of the party because he does not want to vote for garbage bill is a garbage move. most republicans are locked with the president on this and they don't want this disrupted, neither for that matter but neither do democrats because any delay they fear will just delay getting help to those who need it most. but again, the fact that so many prominent names are coming to

massie's defense, they said something about where he stands, he is a conservative and a hawk and he is facing on the motion that is vital as they might be to those who need it, there is a lot in this that will not benefit them and the back-and-forth continues. the president among others should be thrown out of the party, republicans running to the defense saying that's a bit much. we also want to keep aware the selloff is coming from, we mentioned a bumpy road, the stimulus vote in the house, but a lot of it could do with the fact that the united states leads the world in the sheer number of coronavirus cases, we have connell mcshane following that very closely. reporter: more than 86000 in the united states tops other countries and were going to put some of those numbers in perspective, i will get back to the screen i cases for population and just a moment, let me stay, we can use some of the reporting over the years,

the stock market as a model to give us size and scope context and perspective were more talking about this virus. what i mean, when the dow fell, you know from covering it, 508 points on october the 19th 1987, that was 22% or little bit more than that of the overall average, some 20 years later we saw a drop of 700 plus points in less than 8%, today were under 4% even though were down 850 points. you get the idea, that's what i want to get to as they go back to the original screen that we had up there on percentages. the u.s., china and italy have more than 80000 confirmed cases, the obvious copy out when we look at china in the middle the screen, that data is coming from the chinese government and the data from the chinese government has not always been reliable. take that for what it is worth. the u.s. percentagewise is at .03% of the population. cases per population in terms of infection. italy on the right side may not

seemed like a huge number .13% but it does when you look at the next screen, the next screen is the coronavirus death rate. here we are not looking at overall deaths but were looking at it as a percentage, were looking at it as a mortality rate of those infected and end up dying in the u.s. running at about 1.5%. what we learned from covering this in tracking and across the globe, that rate can vary depending on how government hands a response to the virus. even china with a copy of listed above or earlier at 4% is different areas in a province where wuhan is located the much higher than other parts of china and in italy, 10% is worry no matter how you slice it. governor cuomo has been holding a news conference over the last few minutes. we have to really hone in on some of the micro versus macro in this country, another

coronavirus task force has talked about a county by county approach as a possibility when we talk about reopening our economy, governor cuomo and moments ago said new york has 44635 confirmed cases running a hospitalization rate of about 14.5%. new york has about give or take a little less than half the cases in the entire country and work to the point, new york city has about 60% of those cases in new york when you throw in the surrounding counties, westchester to the north in nassau and sussex to the east, that the majority of new york's cases. so to illustrate that on the screen, let's take a look at louisiana, a lot of people in the last few days have become concerned about new orleans. there they talk parishes rather than counties but 53 of the 64 parishes in the state of louisiana reporting covid-19 cases, but it is new orleans, they have the highest rate of virus deaths per capita which is the way to look at it as any

u.s. county. when we start breaking down the data, just as we do with the stock market, constructive to look at either per capita or percentage numbers rather than overall numbers and then you see where you really need to be worried, cities like new orleans, cities like new york and experts have named other large metropolitan areas as well. so context and perspective, size and scope will continue to look, but these numbers are worrying in certain areas. neil: yes where the per capita, they are increasing. thank you very good reporting as always. we have the former health and human services with us right now, secretary, thank you for taking the time. what do you think these cases are increasing in most places whether you're looking at a per capita basis or an aggregate number, do you think this is something to worry about that new york is not turning? >> i think the report that you just had showed very definitively that each area has

its own curve and you have to work through the curves in each of those areas. clearly were still on the uptick in many, many places in the united states with the coronavirus incidents in the transmission. until we see those curves began to level off and begin to come down, then you cannot let your guard down at all. neil: nor can you get back to business as usual. >> exactly. you have to let the science try this, you have to let the public health folks drive this. until we see a significant decrease in the transmission of the disease and the incidence of the disease, the flattening of the curve in each area that we are talking about, you cannot let your guard down, that is when you will see an increase in spike and that potential is happening right now in china. neil: let me ask you a little bit about the house, you might be familiar with having worked in congress, i would like to get

your thoughts on congressman thomas massie, the republican from kentucky who is called a third rate green standard for threatening to block the stimulus package. many have come to his defense inside and outside the party, he's a fiscal conservative and he finds it to be in a enormous waste of money. first of all, do you agree and secondly do you think the president should call him a third rate green standard. >> i never found it helpful to question the member of the senate of the house and how they were making their positions known in the votes that they had in the rules of the house and the senate are there to allow for each individual who is representing their constituency to be able to fully exercise their responsibility to represent that constituency and obviously representative massie who i think is a gentleman who

takes his job very seriously, feels that it's appropriate to potentially not to pass this on a voice vote. i think there will be many individuals who agree with him. as former chairman of the budget committee, i can tell you that an extra $2 trillion gives me some pause although i recognize as a position in former secretary at hhs that the challenge that we face now is unlike any we have seen in our lifetime from an infectious disease standpoint and significant measures are needed. whether this bill or not, that is for each and every member of the house and the senate to determine for themselves. neil: but you would not share the president's view that he should be kicked out of the republican party? >> no, i think thomas massie in my dealings with him was always very upfront and honest and straightforward and very principled. from his perspective of how he should represent his

constituents. neil: secretary, thank you for joining us. the former health and human services secretary. we are opening calls to congress and massie to get his take but whether you disagree or agree with the guy, he walks his own talk, he does not like to waste money, he's convinced to trillion dollar relief stimulus package or whatever you want to call is far more than necessary and not doing all the things that it's going to do for the people in it should be doing it. you can respectfully disagree. saying that is grandstanding or you should be thrown out of the party because you don't agree with mr. president. get with it. more after this. ♪ is faced with adversity, we find a way to get through it.

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down at a ten year at three quarters of 8% right now as a lot of people seek out the relative safety of treasuries versus stocks. nothing like the negative rate situation in the three month arena, it was relatively locked into those maturities and some see that as a sign it will extend other maturities, still could in it still might but it's not happening today. i just want to pass the clarification along. in the meantime it's about the virus in the stimulus today to get settled on how to economically handle the impact of the virus. the virus itself has prompted many businesses to change their operations the power one found founder, it is veteran owned clothing company and has shifted to the manufacture of masks to help the country out in a great cost to them. he joins us right now pray thank you for taking the time. >> thank you for having me. neil: tell me what you are

doing, what got this going, was it your decision? >> about a week ago there was an absolute need for this style of mask, will call this a containment mask, a surgical mask that is meant to prevent or help prevent the spread of the disease by someone who may be affected or who is infected so in a hospital environment they don't get our doctors sick. this is a mask that is an and 95 that everybody is talking more, this is the one short supply because of price gouging and it's despicable. i'd like to make this mask for pennies. i believe we have the solution will post on her website so people can make their own version. this is our good version and then there's a better version and then there's a best version, you can get all these things commercially available, we don't want to be in the masks business and we don't want the multibillion-dollar contractors to drag their heels and make billions of dollars while people

die. right now there's a contractor, 500 million masks that he produced in the next 18 months. we don't have 18 months, we have days to protect people like my mother who is on the front line trying to fight this as a nurse. i am making this for her and staying up every night and working with dod contractors and the special operation community we will get it to my mother and my former members, the special operation community and we will keep on doing it, we are still funding it, i will likely go bankrupt trying to do this, i'm extending all my money, no r&d but we will make it faster, better, cheaper than what's out there and i will drive the prices down, this masks which people are despicably selling for dollars we are selling at cost, reproaching out hundreds of thousand, we went from no knowledge to how to make masks to creating preventative and containment masks and days. we have the availability does go from 0 to 100 masks in a couple of days, we jump up and down to everybody in the fda and

government and said here's the keys of the kingdom, will posted online until everybody about it, give a better, faster, smarter way i would love to be challenged. but were working with the smartest scientists and engineers and were coming together and doing this for free. we are losing money every single day while ever other individuale getting billions of dollars to produce something that might not work, just in case you might not know, that n95 was tested at a .3-micron base, the pathogen we are talking about is .06, that is the median size of infectious material that is not being published widely but people need to know, we have not tested this verse is this. test these two, stop buying something if it's not going to work or keep hiding it to you for this is better. do anything and everything that you can to protect my mother who is a nurse to protect my father who spent the last six month and chemotherapy, there at risk and they will likely die. i will be fine, we will stay here all night, will create a task force ourselves and we will

fix this problem faster pre-listen to bill gates, probably the smartest human on the planet with defeating things like this. you must eradicated polio, testing kits, the cdc took months before they realized i'm a big business, i'm a big government, cannot produce these things, i am not smart, sorry cdc, you're not a businessperson. we are able to do this, the private sector can move faster and better and cheaper and we want to get back to our normal jobs, i do not want to make masks, ever again. was someone to do it better. right now i will challenge anyone out there that this is better than this, we need to test it, prove me wrong i dare you. neil: your an amazing young man. i don't know anyone who would challenge that or you or what you're doing. thank you for that. we needed the inspiration and that can-do attitude. >> if we can get the president to fund the bill, they can fix this in a day.

talk to each other, we need testing kits, protective equipment. neil: maybe you help set up that up. good luck to you and good luck to your mom hang in there, he is the founder and committed all of his time, resources and all that money to getting this fixed himself because he just all a problem that was not being solved so he jumped in to solve himself. more after this. turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

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neil: a lot of you probably know robert, the celebrity chef, the man of the host behind restaurant impossible, he turned around restaurants almost surely would go under if not for his guidance and help, now he is using his talents in the extend way beyond the food and restaurant and the arena. to getting more hand sanitizers out there. it's another way he's going about it, good to have you,

thank you for coming. >> i appreciate it. neil: what are you doing, using your distillery, shifting the production to make more hand sanitizer, maybe you can explain better than i. >> normally we make vodka, gin and rum but the need right now with the coronavirus, we have switched everything to making sanitizer. we came up with a recipe as it were based on the world health organization, if you're in the lansdale area or new jersey or delaware, you can actually go and get four to 6 ounces to every person every day and supplying the national guard in the firefighters and police officers and everybody else who needs it. were giving it away for free, not making money, think that's ridiculous. also were taking care of our people that are quarantined we

sent them to the ports, the foundation is now giving $300 gift cards to our men and women that need food. we are trained to do so many different things to help this epidemic or pandemic and help people get through. neil: how did you get the recipe for hand sanitizer? >> it is simple, the world health organization gives their parameters, what they want in order to kill or 90% kill the virus and we just follow what they tell us to do. if you can imagine from drinking vodka to distilling sanitizer, it is not that much different believe it or not. neil: speaking of you and your so well-known, almost 30 years

in this business and for some reason you never got fat, that's a whole separate story for whole separate time. i'm wondering with all these restaurants, bars, stores closed and a lot of them are trying to make up with delivery and pickup and all of that but it's a fraction of the dollar, a lot of them could go out of business, how do you advise them these days. it would be like turning around not just one restaurant but a whole industry. what do you do? >> were talking about 11 million hospitality workers that are suffering right now, the only advice i can give to restauran restaurants, obviously cut the menu down, make eight or ten things that you do really well and sell them at a reasonable cost. it is really tough to take a restaurant that has 50, 60, 80 seats and make it run on a bingo basis or a takeout basis. my biggest hope is that we

encourage all the folks out there to go and pick up takeout and when this is all over that the restaurants themselves, though the really smart and they say listen let's drop the prices, get the people in here, getting back to normal and give them great food and great service. no matter what business you are in right now, it is suffering. i've had to close three restaurant, we are lucky that leaves dale, we hired more people part-time to get the sanitizer made and get it out to the folks that need it. were all in the same boat, the stimulus package hopefully we'll figure out that were getting money to our businesses and not only the people in the business but the business alike. i made money fixing restaurants, my past after this is all over is to go out not only on television but in my real life to help these folks get back on

their feet. that's what were supposed to do and what this country is all about. neil: speaking of you when i heard mcdonald's is also simplifying its menu, they've gotten rid of breakfast all day to keep it on a few key items, they must've gotten a sense of your push for being clear, focused, that might last even after the whole saga ends. >> i hope that our industry bounces back quickly, they have been in so long and want to get out and try something different, i'm hoping that's whispers our economy and our hospitality sector to get back into normal. but there will be a lot of people that don't make it through this, mom and pop businesses is what i deal with, if you are going week to week or paycheck to paycheck, not only to stop working but also the restaurant itself paying bills is going to be really difficult in the stimulus package hopefully as they said is going

to give money to those folks so they can at least pay their bills and money to the restaurants that say listen, come to work, will keep the employee and government will subsidize that until we get back on our feet, more about loans and sba doing great with small loans right now, hopefully with folks like yourself pushing this out and people like myself, chefs telling people get out, do it now, don't wait until it's out there, get your to go orde orders. at the end of the day that's what it's all about, were in this together, not one business versus the other, all businesses are the same, we close down and were socially separated and if it works for this interaction but it will get better. we are in it together. neil: you are absolutely right. you confirmed everything i suspected about you.

you are a good and kind man. i wish you well. you doing a lot of good my friend. robert irvine, restaurant possible, he's really into literally doing the impossible right now, thursday and let the government do it but he took matters into his own hands. speaking of the government and what it is it is ready to turn about $2 trillion worth of stimulus to boost the economy and maybe help directly or indirectly the very folks to whom robert was alluding. we have the latest on what is happening with our own edward lawrence. >> this all could be held up as you have been reported by one representative, representative thomas massie who held to his guns on the past voting against president donald trump on a couple of different issues. he is hearing it from both sides on this, representative massie is hearing it from not just current lawmakers but also former lawmakers, john kerry just weaning out within the last hour, i will not repeat the

whole tweet because there was expletives but calling him in a whole saying he is found guilty of being in a whole going forwad and president donald trump in the last 15 minutes read tweeting carrie saying who knows he had such a sense of humor. also representative democrat saying this is un-american if he does call for the roll call vote. we do believe if he does call for it will delay things until tomorrow, it would not stop the bill because the quorum would eventually come as lawmakers stream into washington, d.c. but all of this hinging on exactly what he will do when this boat comes out. i can tell you that kevin mccarthy, the house minority leader in steve scalise, the house have both been in touch with representative massie to talk with him about his issues and thinks through this. but you have a lot of people coming out and lashing out against representative massie for standing up for what he says are his ideas. back to you. neil: that is very, very mature,

the criticism he's getting within the past that they stand up for your principles, this guy is and is called all sorts of names, agree or disagree, that's a very good story. he is doing what he feels that he should do. there is an overwhelming support for the stimulus measure that a lot of people say is necessary but the names and saying they should be thrown out of the party, really america, is not where were going? is that the lesson were teaching our kids. in the meantime, we will have the very latest on maybe baseball back, even though they might be playing the world series at thanksgiving. right after this. ♪ 300 miles an hour, thats where i feel normal. having an annuity tells me my retirement is protected. protected lifetime income from an annuity can help your retirement plan ride out turbulent times. learn more at protectedincome.org.

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rowithout the commission fees and account minimums. so, you can start investing wherever you are - even on the bus. download now and get your first stock on us. robinhood. neil: ready for baseball around turkey time, thanksgiving, it could happen if they delay the season as much as could be delayed.

charlie gasparino has more. >> i don't know if it's going to be delayed that long but there will be a delay and they meet in the road today as fox business has learned that the baseball owners are set the attendant in 2020 schedule amid the virus delay, what they are looking at is this, regular-season starts in late may, early june, spring training in mid-may, set to approve a schedule of about 140 games and an extended postseason so from what i understand there will be more time into the october, maybe more teams playing, obviously all this is subject to change and this has huge business ramifications, the one guy i know that can unpack the business ramifications is john tatum of sports marketing firm, good friend of mine and let me open up the interview

while neil sub sans his pumpkin spice latte. tell me, how much do you think all these delays, not just at emerald b but all sports. we will probably get a delay on the nfl as well, how much will this cost. it's a huge business cost. networks, programming the league, is there any way to gain plan this? >> happy friday, great to be with you. there is a couple of different scenarios, there is the revenue that comes from attendance and fields in the stands, ticket, the gate, baseball is by far the number one attendant spectator attended event with about 75 million tickets per year. if they shorten the season from 162 games to 140 or give-and-take, then they will take at least a 20% hit on ticket revenue.

you have to look at ticket revenue, merchandise sales, et cetera. but then you want to talk about broadcast in networks where that is where the huge revenue for all sports so you have to look at events canceled or simply postpone? so obviously cbs had an unfortunate timing with march madness, a major advertising revenue opportunity on their inventory so that is being canceled, however, other events, the kentucky derby is going from the first weekend in may and being postponed to the first weekend in september, it really depends, we really have the olympics postponed to 2021 which is a huge advertising event for nbc comcast, it depends if the inventor postpone or if there truly canceled and you look at q3 and q4, we can have a

bonanza, we can have the greatest end-of-the-year that we have ever seen with live sports. >> i want to get this straight, the contracts, they need to be paid anyway. even after all this, you still have to pay for them correct? >> yes, theoretically you take a look at football, they are not missing anything. the draft which is going to be in about three weeks, i think the draft will be the first live television sports programming that we have seen in weeks if not months, i believe the nfl draft could set a rating of all time. >> let me ask this, i'm going to stop you, the nfl draft held in new york city, if you and i go to this, in new york city?

>> it is going to be different, as you know a few years ago they started moving the draft around to other cities, chicago hosted it, philadelphia hosted it, selfishly i would say dallas did the greatest job of posting it but it was scheduled to be in las vegas at the end of april and they obviously have canceled and rightly so all the public events. they will set up the tables, i'm sure everybody will be 60 apart and the viewing will be out a lot of the players homes, the top 50 jack pics have been contacted, notified, do they want a camera and how will they said it up. it will be made for tv. >> neil just finished his pumpkin spice latte. neil: yes i had to finish the latte because you guys talk so long now it is cold.

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neil: normally charles payne i bring on to talk about the market by charles follows a deeper thinking when it comes to the stuff going way beyond stocks and bonds to human interaction. so that's the part today. thank you for joining me. you are concerned beyond the craziness of the market, something deeper right? >> i really am, as you know my son goes to college in london and we have grappled the last six weeks or so as to what he should do, he has a nice apartment there, and he was going to go to spring break, he decided that would not be a smart idea, he asked me for us to millis package, i got it to him. he is all stocked up on food and everything else but he was invited, his best friend out there he was invited to their country home outside of london

and he was pretty excited to get out of the city but this morning the invitation was rescinded by his friend's mom, me and my wife have gone to london and had dinner with them, i love them they're amazing they've taken great care of my son and i understand where she's coming from but we are getting to a point where were afraid of each other and you have to wonder how long this lingers and if it will become a permanent part of us. were a social animal, particular americans, you talk about baseball and we love together, even when people put out the retail sales and all of that, it does not even capture who we are because we don't just go to the mall, we go to concerts, the park, we love to get out there and we love each other and the interactions, i do worry if it goes on for months, how much of that goes away if any, i hope none and i hope i'm overreacting. neil: this was weird, something like this is not happen prior.

>> yeah, it is just one of those things. it's just interesting, i understand why she is concerned and i thank them for being so great to my son while he was there, it just makes us think, how many people -- the ups man just ring the doorbell earlier in my wife was like you is that, it's a little bit neil: sure. all right, buddy, thank you very, very much. i want to come back in this life as your son. i want to come back as your son. not a bad gig. a lot more after this. incipal ia financial company. but think of us as a "protect your family as it grows" company. 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.

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neil: all right. i want to take you to the house floor right now. speaker nancy pelosi is addressing members on word that republican representative thomas massie is insisting on a recorded house vote on this $2 trillion plus stimulus package. let's listen in. >> -- those responsible for the common good so that they might know how to care for those entrusted to their responsibili responsibility. that is his holiness's quote and that is the responsibility that we all have.

today, as we have all acknowledged, our nation faces an economic and health emergency of historic proportions due to the coronavirus pandemic, the worst pandemic in over 100 years. as i proceed with my remarks, i want to say to our colleagues who are watching the proceedings from their chambers in the house, to come to the gallery so that when the time comes to proceed. the distinguished leader on the republican side, mr. mccarthy and mr. hoyer, have sent a communication to all of you that is very important that you come now. the sooner you come, the shorter my remarks will be. and i want to thank the

distinguished leader on the republican side for his leadership throughout all of this to achieve a bipartisan legislation and to do so as expeditiously as possible in the house, in the house, so that the message will be clear to the american people that whatever concerns we may have and whatever we want to do next, right now we are going to pass this legislation. and that is because so many american families have been touched by this crisis. more than 82,000 americans so far have fallen sick. neil: i just want to let you know what's going on here. nancy pelosi has been speaking to colleagues on the left and the right to get to the house floor as soon as possible because congressman massie is among those arguing for a voice vote on this package, this $2 trillion package. normally this would have been done electronically, no need for them to appear in the house chamber to do this, but she did, you know, have a little zinger

in there to say the sooner you get here, the less i talk. but she will talk until they are all in place in the gallery so that they can go ahead and vote on this. the congressman who has the wrath of the president of the united states all the way to john kerry for holding this up is saying he can't vote for it because it's an enormous waste, but the president went so far as to say he's just a grandstander and should be thrown out of the republican party. some of his conservative colleagues strongly disagreed with that. even the former health and human services secretary price who was with me earlier on this show indicated he's a man of principle, he believes in what he says, he's aghast at all the money being spent on this program and says it will really benefit very, very few and there's a lot of waste in there that isn't necessary. he's holding strong to that and by pushing for this voice vote, his critics are saying he's just delaying things and delaying getting the needed aid to people

quickly. he will say he is sticking to the principle on spending. let's get the read from susan li, connell mcshane, dan g geltrude. the markets sort of see this as the latest in speed bumps for this stimulus package, delay is probably not denied. what do you think? >> there's no doubt this is ultimately going to pass. it has to pass. but what i think we are seeing the market respond to is perhaps a couple of things. one, obviously a little bit of this holdup related to congress, not a good sign, and also, how about those unemployment numbers now. we are almost at 3.3 million people who are filing for unemployment and i just want to take a second to talk about that. that comes down to two words,

cash flow. that's what businesses are most concerned about. even companies that are busy and can keep working, the question comes down to can their customers pay them, and without that cash flow, it's going to lead to more layoffs. i think the market is starting to understand that now. neil: well, i mean, hiccups are to be expected. i caught a lot of the earlier reporting about the three-day rally that was disrupted by this selloff today. it might just be a reflection of you are still going to have a very heady advance on the week unless everything goes kablooey here but after briefly getting back into a bull market, we retreated a little bit so maybe this is just an excuse to sell. what do you make of it? >> a lot of analysts and investment traders out there are questioning whether or not this is really truly a bull market, because some say that in these unprecedented times, you really can't gauge by 20% up for the

bull market, 20% down as a bear market. northern trust says it usually takes about 18 months to come back iffrom a 20% down in the stock market. the fact it took only 15 days is remarkable. i think there's still a lot of trust that needs to be built up into the advance that we've seen and whether or not we really have hit bottom in the stock market. neil: connell, looking at this and what's happening with congressman massie getting, you know, cannon fire from both sides, the president saying he shouldn't even be in the republican party, saying he's grandstanding, john kerry calling him a word i can't say on tv, but the fact that he has legitimate beefs with this and yet he's the showstopper right now and no rest for the weary, i guess. >> well, couple things. i'd say your points you have been making throughout the show are well taken that especially on the name calling and that kind of thing, from both sides, apparently, from the president

and from former senator, former secretary of state john kerry. the complaints, however, from both sides of the aisle have been explained i think in the context of timing which is what we have been talking about all week. so from congressman massie's point of view even if he does have legitimate complaints about this bill, other members are arguing that so do they. i talked to the ranking member of the house on financial services yesterday and he said he doesn't like a lot of elements of the bill, and we talked about, for example, the certain sentence in the unemployment insurance that senator graham and senator sasse and others talked about the other day. he doesn't like that at all. he says about two-thirds of the bill is stuff that he thinks can help people and the point he and others have made is that that help was needed, you know, yesterday or last week, and the more you delay this, the longer it takes for that help to get out. so if you know you can't stop it, then the argument is should you even try to delay it. if that's the only power that you have. it would appear the only power congressman massie has, by the

way, looking at our colleague chad pergram's report over the last 15 or 20 minutes or so, he may not even have the power to delay it because of all the parliamentary tricks they have in the house of representatives. it looks like leadership may be able to avoid having a roll call vote and they may be ail to ble it by voice vote at the end of the day anyway. neil: that's exactly what nancy pelosi is working on, although not for me the byzantine procedures of the house but leadership on both sides want to circumvent what the congressman is doing and coming up with the means and the rules they can find, i guess, to do just that. you know, at the end, while we are waiting for this whole soap opera to be settled here, i'm wondering what you make of the rallies we have been seeing, again, going into today, this selloff which has been halved from what it was earlier. do you believe what we saw was a fake rally? much of the press is talking about the quick exit out of the bear market as something we have seen in the past only to be

followed by lower lows, whether we are talking back in october 2000, march 2000, august 25th, 1987 before the big crash when we got lower still, on november 1980. there are times again and again where investors are sort of subject the a rally believing the worst was over only to be punctuated by still lower numbers down the road. where are you on this? >> i think, neil, that the market is going to continue to be very headline-sensitive and we are going to continue to see spikes up and as well as down. we are by no means out of the woods, neil. i think that there's going to be a lot of information that's going to be coming up over the weeks and months ahead that are going to continue to put this market, quite frankly, all over the place. so my advice to people that are out there is really to stay the course.

whatever your strategy is, you need to stick with it. a lot of people concerned about their 401(k)s and there's a lot of emotion out there. but i think this is going to be the nature of the market for quite some time. and people are going to have to do their best to ride it out. neil: thank you very much, guys. still waiting to see what happens and nancy pelosi using all the tricks of her trade and working with republicans to sort of get this vote going. they would have to be within the chamber, not necessarily on the floor, but i'm told just within the chamber so that they can go ahead and vote, not in person, but it's still electronic. i don't know how that works. i don't know what rules are being adjusted to accommodate this. but they want to get this thing voted on and out the door and on the president's desk by the end of today and by hook or crook, they will make it happen, no matter what congressman massie has to say. by the way, with the fall today in the dow of about 652 points, even with that, we are still

looking at one of our best weeks of the dow since the '30s. so there is that. after this. when we face adversity, we find a way through it. it's about taking care of each other. it's the small parts that make a big difference. at chevy, we promise to do ours. we're offering chevy owners complimentary onstar crisis assist services and wifi data. if you need a new chevy, interest-free financing for 84 months - with deferred payments for 120 days on many of our most popular models. you may even shop online and take delivery at home. it's just our way of doing our part... avoid sick people... and touching your face. there are everyday actions to help prevent the spread of respiratory diseases.

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neil: all right. the scene on the house floor right now, nancy pelosi promised she would talk until everyone of her colleagues, republican and democrat, got into the chamber here. i don't know house rules. they seem byzantine to me. but what i do know what nancy pelosi is cooking up, she's doing in concert with republican leaders to go ahead and force this vote even though electronically and avoid what congressman massie has been leading in this fiscal discipline charge of his to require a voice vote in person, in other words, get everyone there in person to get this vote going. that's earned the congressman the wrath of the president of the united states, who says he shouldn't be in the republican party, that he's a grandstander. some of massie's supporters saying enough, already, that's overdoing it, mr. president. but people like john kerry calling him nasty names that i don't want to repeat on tv because this is a family show. but, but we are following that drama and also getting a workout. this is just delaying the inevitable, folks. it's not as if this stimulus

package will be denied. it's just going to be delayed. we just don't know the timing of the vote. but it's expected to be overwhelming as it was overwhelming, unanimous in the united states senate. something similar maybe minus the congressman, but for now, guaranteed to pass the house and then get to the president's desk for his quick signature. in the meantime, we got dr. nina radcliffe with us. what she thinks of this back-and-forth, other things i want to talk to the good doctor about, some things that have popped up along the way i learned from other doctors but on this, doctor, a delay is something you don't want to see. for whatever honest political reasons or concern about we are spending too much, you think this is important. there might be bad spending in there but there's enough good spending in there that it would help a lot of folks, is that right? >> yes, it is. we all have -- we are in the midst of war. politicians need to step up and do the right thing for the american people. as a health care worker, i'm going into work every day with millions of people making sure we take care of the sick and

ill, and i was in the store yesterday and people were staying six feet apart. there's a handful of people who still haven't heeded this but we all need to be in this together and everyone needs to play their role. neil: you know, i had the intention of having you on in the first place, we always enjoy having you on because you're so smart, i had my neurologist on yesterday, he's been treating me for more than a couple decades and one of his concerns was that many people at his m.s. center are packed into these crowded trains because they cut back train service so much in new york. he wonders about their own health, to say nothing about their sanity going through that, and the danger to themselves and potentially patients. how serious is the concern? i'm sure your office is much like his, you check people's temperatures coming in whether they are working with you or the patients themselves, but he says this is getting to be a big problem, really big problem. is it to you? >> well, you know, i'm looking

ahead. we are seeing, we have the most number of cases but in terms of countries in the world, we rank number nine in terms of death and that's a testament to the health care system. of the people who do get covid-19, about 80% have mild or are asymptomatic. the 20% need to go to the hospital and often about 6% may need assistance with their breathing. yes, we are taking it seriously. we are asking every single american to do their part. even children, having them stay home from school, even though they are not in a risk category group that could get sick from this. again, we are very concerned. we need to all do our part in this. neil: all right. doctor, thank you very much. and being a calming force throughout all of this. she's been remarkable. i think the nation appreciates that. i know i do. thank you again. taking your attention to the house floor, where they hope to settle this once and for all. then we can truly say once it passes and goes to the

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neil: all right. welcome, everybody, as we wait to see how the house sorts out this drama building there over the final vote of the stimulus measure. you know, whether you are for or against all of this back-and-forth, the fact of the matter is that as much is bowing thro being thrown into this $2 trillion plus measure, not everyone is going to get something out of it. susan li on how the cruise industry is left out of this

one. susan: they are getting crushed today in the session as president trump pretty much confirmed last night they are not going to see a lot from this $2 trillion rescue plan. listen. >> it's very tough to make a loan to a company when they're based in a different country. we're going to work very hard on the cruise line business and we're going to try and work something out. susan: they will try to work something out but cruise lines obviously have been feeling the pandemic spread. for instance, ships have been docked, itineraries have been canceled and according to norwegian, carnival and royal caribbean, they are halting business for at least another two weeks. the issue here, taxes. for instance, a lot of these companies, in fact, all three of these companies, are technically not u.s. companies because they are incorporated and domiciled elsewhere, panama, bermuda, even liberia, which allows them to escape paying u.s. taxes, something that hasn't escaped the critics including vice president pence's former chief of staff who tweeted redomicile to the u.s. if you want taxpayer

assistance, pay u.s. taxes. if not, go to where your ship flies your flag and ask them for help. simple and fair. carnival telling us here at fox business recently that we actually did not ask or expect a cash bailout from the u.s. government but cruise trade lines international will continue to fight on capitol hill, saying for the more than 421,000 people in the u.s. whose jobs are supported by the cruise industry, we will continue to work with policy makers to help our community recover. we spoke to a travel expert, mark murphy, who says he doesn't think these cruise lines will be changing their flags any time soon. >> it's going to be impossible for the cruise industry to revive by 100% adherence to u.s. maritime law based on the jones act and pfda which is the passenger services act for the cruise industry. reason being, they impose different standards on the cruise lines. if they did that, then those cruise lines would not be able to actually effectively sell.

susan: speaking to these cruise line executives in the past, i asked them if you don't pay any u.s. taxes, but they say look, we employ a lot of people in the u.s. and pay a lot of fees to dock in miami and elsewhere across the country. you can imagine that if they employ 421,000, they must get a little bit at least, maybe in secondary payments from the stimulus package. neil: thank you very much. susan li doing yeoman's work covering all angles of this crisis. let's get an update from dan geltrude as we wait to see the stimulus ultimately arrive. the biggest part for individuals who hear about checks coming their way, as you know, they could be anywhere from $1200 to $2500 or more depending on kids, et cetera, income levels. a lot of those are going to be directly deposited into bank accounts within weeks. what do you advise people to do with them? >> well, you know, i think the

mentality that people have right now is once that gets deposited into a bank account, that's exactly where it's going to stay until it's needed. to me, this is going to be part of a rainy day fund. i can't say that i blame people for having that mentality. now, the government clearly, because this is part of what they're calling -- neil: i don't mean to jump on you, my friend, but representative massie is on the floor of the house right now explaining his resistance to this measure, making sure everyone is there to vote on it. take a look. all right. i'm sorry i missed that, guys. he is done speaking. edward lawrence, you picked up what he said. could you update me? reporter: yeah, what happened, it's all procedural. house speaker nancy pelosi called for the vote on the stimulus package. representative massie stood up and said i would like to have a recorded vote on this. that means all members would have to come down and record.

what she was doing prior to this as you were showing her speaking there, she was talking to delay to get enough people into the chamber, they are using the public gallery at the top as well as the downstairs chamber to do that appropriate spacing of six feet for each representative. now, what will be called, the president of the senate will then ask to see if they could all stand up or sit down depending if they want a voice or recorded vote. if more members then sit, there will be a voice vote. then this procedure will follow exactly how they wanted it to follow this morning. if more members stand, then it's a recorded vote and they would then side with representative massie. but this is something that the house speaker has worked out with the republican side in order to get this passed today. what it's done so far is delayed it from the morning now until the afternoon but it is expected to pass as the house speaker's got enough members into the chamber, they should be seated momentarily now. we are just waiting to see when that particular vote comes up.

neil: did massie address the fact that whatever the virtue of what he's doing here, he's going to be shot down, this is going to overwhelmingly pass? did he talk about that? reporter: no, no, this was all procedural. there were no debates, there was no reasoning behind. he just stood up and he asked for a -- he called for that recorded vote. we will probably hear from him at some point in an interview, i'm sure that our fox team up there is trying to get into position to be able to talk with him when he's done with this. but at this point he just stood up and called record vote. so then what's going to happen now is there's going to be a call then to see if they with like to record a vote or voice vote and you should see members in that chamber stay seated. neil: all right. so whether it's recorded or voice vote it doesn't get away from what seems to be a consensus building that it will overwhelmingly pass and get to the president's desk. am i right? reporter: if it's a recorded vote, then that could take a little bit longer, because you need more members to come back to washington.

they can do a voice vote with the amount of members they have right now. neil: all right. thank you very much, my friend. i will keep you updated on that. a lot of different signals we are getting on this and how they go about it, what will constitute a final vote. we will take a quick break with the dow down about 749 points. a lot of this having very little to do with the drama on the floor of the house and more to do with the fact we had three enormous days of runups, the strongest three day stretch dating back to 1931. so even with these losses, we are still looking if they hold even at and around even higher than these levels. one of the best weeks for the dow since 1930s as well. stay with us. so what are you working on? >>i'm searching for info on options trading, and look, it feels like i'm just wasting time. wasted time is wasted opportunity. >>exactly. that's why td ameritrade designed a first-of-its-kind, personalized education center.

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neil: all right. if there's a will, there's a way and they have gone ahead in the house and passed that $2 trillion coronavirus stimulus

package. it was by voice vote. we won't get into the particulars of how they did this, taking a last-minute end run to make sure they would be able to vote on it. massie wanted this to be a formal roll call vote. they avoided that by getting as many members in both parties in the well of the house as possible. they achieved that with enough members to assemble a 216 member quorum. that was all they needed to proceed with this voice vote. it's done. it's on the way to the president. he will likely sign it within hours and that stimulus, $2.3 trillion worth, will be out there. now the question is how quickly it all happens. we have edward lawrence, connell mcshane, dan geltrude. edward, you said this would end this way. i'm wondering how quickly will this get to the president. reporter: there's still a process that has to happen now and what's going to happen is the house enrolls the bill, it will be signed off on basically, then it goes back over to the

senate to be signed off on. that should be a fairly quick process but still takes maybe several hours. then this sets up at least early in the evening, possibly late in the evening, a signature by the president of the united states. but this process should now move fairly quickly as both houses have now passed the stimulus bill and should go to the president. neil: connell, that's a relief for the markets here. there's been no difference before any of this, because maybe it was a foregone conclusion but volatility still very much remains in place here. that much, i can see for the markets at least. >> that's a mild way of putting it, after what we've seen over the last few weeks. you know, i think we even have to look past that on a day by day basis because to your point, just extreme moves we have seen in financial markets and look now at the timing of how this money gets to people that need it, and that will be kind of the determining factor in terms of the real economy and how quickly we can bounce back from this, or how much time we can buy

ourselves to deal with the crisis that we're in. edward may know more about this but there's been timeline on the individual checks talked about of weeks. more importantly than the individual checks, the $1200 and $500 for children, i think more important than that is the money for small business and how quickly those lending facilities or probably more appropriate to say grants, if you are able to keep your payroll intact, how quickly that can all be put together and i believe steve mnuchin, the treasury secretary, talked about maybe getting that out in a week. if you go to the bank next week and you are a small business and you want to tap into these emergency loans and have them backed by the federal government for forgiveness later on, can you get that done in a matter of days. can it be done next week, then done day of. i think those are kind of the questions we have to move to now and if it can, maybe that buys us a little more time in terms of dealing with the virus in hard-hit areas like new york. neil: i want to bring congressman mark green into this, republican from tennessee.

but more important, he's a former emergency room physician. he knows of what he speaks. congressman, very good to have you. are you relieved now? >> thanks, neil. yeah, i'm glad that it's done. we needed to get this package out to our small businesses mostly, but of course, the relief to our hospitals and as you mentioned, i'm a former e.r. physician. that's the tip of the spear, so to speak, in this fight. glad it's done. neil: yeah. how will hospitals, physicians, nurses, those on the front lines, how will they be impacted by this? how will they be benefiting and how soon? >> well, obviously it hits them immediately in terms of purchasing, cash flowing. one of the things people don't realize is we've told people to shelter in place, the volume to medical facilities, for example, the e.r.s, is significantly down. so their cash flow is down, too. they haven't been closed, but

the hospitals that do elective surgeries, so this is a cash flow to help them replenish ppe stocks, hire extra staff and get people in there to cover the increased demand when there is for the covid virus. in new york, we are seeing that now, where you know, they are setting up secondary emergency departments right outside the hospitals. neil: you know, on that, and the bed shortage or feared bed shortage particularly in places like new york which still account for about half the cases in the united states, what do you think about that retrofitting everything from the javits center in new york and using hotel rooms in other cities to prepare for many, many more patients with this virus? >> sure. obviously the mathematical modeling is evolving over time so we started out using china's data and that has proven to not necessarily be as accurate as

reality, right. so those curves are changing and the mathematical modeling is changing every day. will we need all of this plus-up, i don't know. probably not. hopefully not. but it's always good to be ready just in case. new york is preparing for the worst case scenario and we can't blame them for that, but again, the mathematical modeling, as dr. birx said yesterday, is changing and that means maybe we are a little bit overprepared in new york. neil: as an emergency room physician by training, given your ample medical background and pedigree, congressman, what are your thoughts on this push to try to unwind from stay-at-home provisions and others maybe as soon as easter, a couple weeks from now? how do you feel about that? >> sure. i agree with the president that it probably needs to be done at the state and local level. he's made that comment recently

and i agree with that, because the curve in nashville, tennessee is significantly different than the curve in new york city. and clearly, they're going to get through the curve faster than we are, and we of course instituted, you know, the social distancing before, you know, earlier in the curve for us. so the flattening of the curve's going to be a lot better in tennessee than it is in new york. so i think it really needs to be regionally dependent. i agree with the president on that. neil: all right. doctor congressman, thank you very much. i do appreciate it. >> thanks, neil. thanks for being patient. neil: i want to bring chad pergram into this. chad, the drama is done for the time being, this vote ultimately going through, overwhelmingly passing. when does it get to the president's desk, what happens next? reporter: house speaker nancy pelosi just announced she's going to have what's called an enrollment ceremony, where they put everything together on

parchment paper, she signs it and they actually drive it down pennsylvania avenue for president trump to sign later today. you're right, there was a lot of drama on capitol hill, lot of concern, mostly because of thomas massie, the republican congressman from texas, who wanted to bring back as many members as possible, to possibly force a roll call vote on this bill and also enforcing provisions in article i, section v of the constitution which says you have to have a quorum present in the house of representatives to do business. in other words, they couldn't vote on the coronavirus bill unless they had a quorum present. that's 216 members out of 430. that's the inherent problem here, the office of the attending physician, they have been trying to keep members away, tell them let's try to do this with a skeleton crew on the house floor, maybe do it by voice vote. this is where all in favor shout yea, those opposed nay and the bill is passed. what the democratic and republican leadership did jointly was they engineered a plan, it was pretty clear they did have more than 216 members

here, they opened both the house chamber, all the doors downstairs on the second floor of the capitol, then upstairs in the public viewing gallery, so all the members could come in and kind of spread them out. they had more than 216. massie asked for a recorded vote. well, when you ask for a recorded vote, then they determine if there's a quorum. it was pretty obvious to the presiding officer, anthony brown, democratic congressman from maryland, that they had those numbers there and then the next thing that happens is you ask that those who want a recorded vote to rise. well, guess what, everybody, almost everybody, at least, sat in their chairs. so that indicates that there's not support to actually go the a roll call vote thus they immediately passed the bill by voice vote and blocked thomas massie. keep in mind that he got incinerated on twitter this morning by the president of the united states. it was pretty bad. president trump tweeted quote, looks like a third-rate grandstander named thomas massie wants to vote against the coronavirus bill. let's win back the house but

throw massie out of the republican party. just to wrap up here, this reminds me of an old expression here on capitol hill, where they always say i'll let you write the policy, i'll write the procedure and i'll beat you every time and that's exactly what happened to thomas massie today on capitol hill. neil: a lot of massie's conservative colleagues, even though they weren't as conservative as he, were flummoxed that the president called him a grandstander that shouldn't be in the republican party. are you hearing any more sentiment like that, or people are now just relieved this is resolved? reporter: there are certainly people who objected to the bill and this was the idea of having a voice vote, where people could actually go into the chamber and shout nay. they were concerned of having a recorded vote where you get all 430 members in the house chamber at the same time and that they were going to have to stretch them out in blocks of 30 and probably take five or six hours. they weren't even sure early this morning if they would have

a quorum here. there are some members on both sides of the aisle, frankly, who have a lot of emnity for massie because they feel he placed the members in peril health-wise as well as the people they interacted with, they are telling people to stay in their homes and what thomas mass paw massie essentially did was force a bunch of members to get on airplanes and come to washington, d.c. neil: i did hear church bells in the distance. maybe higher-ups than we know -- reporter: that's the taft memorial that rings every 15 minutes in the russell senate park. the former republican leader from ohio. that's what that was. neil: sure. coincidence, i think not. chad, always good having you, my friend. much appreciate it. chad pergram. all right. let's get the read from moody's managing director. now the question becomes what

will the impact be on our economy, on our markets and obviously, the whole process here, the speed with which we got all of this done, warts and all, is meant to get help into people's hands, businesses' hands, as quickly as possible. will it? >> that's a good question. you're right, if you have been looking at the markets for days before, the bill actually passed today but in anticipation, it's certainly assuaged fears that the stimulus needed for this large shock is coming. we know the fiscal stimulus will come. the second thing, which is your question, how quickly will it move through the process, that's an administrative question. but the amount is large, this is 10% of the economy, and it will have an impact. the faster it moves through the system, the more of an impact it will have.

neil: i know you are not here to talk about downgraddings and the like. i am curious, though, you have seen the risk to so many companies whose balance sheets have been battered by this, that many will be relegated to downgradings, perceived or real, whether to junk, i don't know. is that the next fear wave or will there be a tolerance that in this environment, people will wait it out? what's your thinking on that? >> sure. i think the answer to that is it depends on the financial conditions of the companies. so if a company that is, you know, viable, that can actually withstand a few months of real pain that is coming down the pike, that company should be okay once that pain is over. however, if a company entered the situation already indebted, that's going to be less likely

to survive several months of pain. that's the way we're looking at it. neil: inside. atsi, i don't mean to jump on you but here i'm doing it again. we have nancy pelosi speaking now that this has been passed in the house. >> american hearts are full of love and we are all a family and like many families, we have our differences but we also know what is important to us, and america's families are important for us so we are so pleased today to have passed on the floor practically unanimously this important bill and we want to demonstrate that we do care for the american people in every way. we are so honored to have the distinguished republican leader of the house with us today. i was honored to work with him in a very bipartisan way as we went along. again, having our disagreements but also knowing our purpose. with that, i want to yield to

the distinguished democratic -- excuse me, he called you the majority leader, i'm calling you the democratic leader. in any event, the distinguished republican leader of the house, whose office is right there, you so t see the sign, kevin mccarthy of california. >> thank you, madam speaker and belated happy birthday to you. to the american public, we hear you and we are working for you. to those who are on the front line in the medical community, we cannot thank you enough. within this bill there's more than $140 billion for hospitals. not just the necessity of the money but also for equipment to make sure to keep you safe and actually perform your job. to every small business that is asked to shut down and everyone who works for a small business, now the resources are there for you. if you own a small business, apply for the loan. if you pay your employees, if

you pay your rent, and you pay your utilities, that is not a loan. that is a grant. to the others, we have a tax credit for retention, to kep your employees working. we will get through this together. i want to thank so many of you who worked on this bill. i want to especially thank those ranking members on the republican side that worked with their chairmen and worked with the senators. kevin brady, especially, greg walden has done so much, patrick mchenry, virginia fox, sam griggs, rodney davis, mike conoway, tom cole, rob bishop, jim jordan, frank lucas, mike mccall, kenny marchand, mack thornberry, mike rogers. everybody coming together to make sure we could make this all come to fruition today.

as i said on the floor, the virus is here. we did not ask for it. we did not invite it. we did not choose it. but with the passing of this bill, you will see that we will fight it together and we will win together. i want to thank our colleagues for that type of work. i especially want to thank the majority leader for his work today and the work hopes in the future we can all work together and put america first and to the speaker, thank you. >> thank you very much, mr. leader. i want to join you in acknowledging the leadership of our committees on all of this. chairman neal, he's not here right now, but who led the fight in the appropriations committee, important discussions in the appropriations committee.

the committee who represented her committee on the floor and -- neil: all right. the relief, it's done. nancy pelosi, you heard from. congressman mccarthy on the republican side, they are relieved this is done. now how quickly help gets on the way. edward lawrence to sort of break that down. edward, timeline this for me. what are we looking at? reporter: now that we have some certainty here and we know the bill has passed, both the house and senate, the president will sign it today. secretary of treasury steven mnuchin says the small businesses can walk into a bank next friday and they will be able to get a loan, this loan/grant thing they are talking about, if they do pay payroll with it, then they will be able to take that and turn it into a grant. if they end up keeping their business afloat. checks to the american people, now we know treasury secretary says three weeks from today, that's april 17th, the first direct deposits will go into people's accounts. the reason that's taking so long is the process the irs has to go through. they will go to your tax return, if it was 2018, if you haven't

filed for 2019, if you filed your 2019 taxes, they will go to that form and then follow the process through which direct deposit or direct checks, whichever you put in your last tax return. neil: all right. edward, thank you very much. let's bring connell mcshane into this, our susan li as well. connell, we always forget with measures like these, this is just the start. there are going to be other stimulus relief packages, whatever you want to call these things. i know the administration winces at the stimulus label. but are there going to be a lot more spending coming out of washington, to say nothing of what the federal reserve has already done, so we can expect more of this, can't we? >> like many things we have seen in recent weeks, like nothing we have ever seen, probably, dwarfing what we talked about during the 2008 financial crisis and many members of congress have acknowledged as much, that they will probably have to go back to the well again. a lot of that's going to depend on probably the next month or two and how things goi in terms

of flattening of the curve on the medical side, what advice is being given to lawmakers. state and local lawmakers i think really are the key here because they are making most of the decisions about quote unquote, opening or reopening economy and how long other places that are hard-hit stay shut down. you know, you can't help but notice, though, that the place that is likely to be shut down the longest based on the current data we have is probably geographically the most important to our economy and that's new york city, still just so large and so many businesses and so much economic activity that even if you're talking about opening up other parts of the country, if you have the data to support that, and that decision is made, nobody can imagine new york opening for, you know, at least the foreseeable future. the governor gave new data today that 44,635 cases have now been confirmed in the state with 519 deaths. it's about a little over a 1%,

1.16% mortality rate in the state of new york. i think what's striking about that, too, when we get into this county by county approach, is that what about businesses in the most affected areas? so new york state makes up about half the cases that we have confirmed in the country. new york city is about 60% of those. we watch the speaker signing this bill. and the areas around the city, westchester county, north, nassau, suffolk county on long island to the east, when you combine those, those are most of the cases. lot of business activity there. let's see how many of especially the small and medium size businesses in those areas could put this new money to work as edward said, maybe within a week, week from today, next friday at the banks, and at least buy themselves some time. neil: all right. i do want to listen in here. they seem to be taking questions. let's dip into this, if we can, guys. [ inaudible question ]

neil: i apologize for that. obviously he's not mic'ed up. steny hoyer, number two in the house under nancy pelosi, just relieved this is signed. they're not really practicing social distancing, are they. maybe at the white house when the president meets with his task force. maybe i'm the only one who notices this sort of thing. it's a little disconcerting. maybe they are all fine. hope they stay that way. susan li, looking at the market and what's going on right now, this was never much in doubt. i guess what a lot of traders are concerned about is the ongoing course of the disease. as connell was touching on, the fact of the matter is it's not getting better. the curve, the arc a lot of people want to see improve,

certainly in states like new york, not getting better. that's going to be weighing on the markets, isn't it? susan: it is, because we already have monetary stimulus, we have fiscal stimulus and a lot of traders and investors say that third element that's missing right now is the fact that we're looking for some sort of flattening of the curve, some relief, indications that maybe this is getting a little bit more contained. but you know, we heard from andrew cuomo today, the governor here in new york state. he says the growth rates, he says by percentage terms, are actually not as high as it was yesterday. so there's a little bit of reprieve. but if you want to go coronavirus and i guess coronavirus risk county by county according to what president trump is indicating, i think that's going to be very difficult because in china, they took very draconian actions to get the disease contained and that means not only quarantining those that tested positive but those they suspected as testing positive without having a positive test. now, is the u.s. willing to take that type of action? maybe not at this point given the indications we are getting from the white house. but you know, china, whether or not you believe their numbers, i think that's a different debate, but they had to take some really

drastic action, took a lot of pain on their economy and that's how they got the virus at least contained and having i guess more smaller numbers as the days went on. neil: you know, connell, when you think about it, if you're still with me, again, we can question whether the information we are getting from china is accurate but the numbers that we do have show that the total number of cases now is first to the united states. china has dropped below us. so it gets back to what you were saying, this is not a solved problem here. i suspect susan's point about the markets, unless we see an arc of progress there, no matter the stimulus, that will probably be the weight on markets, i would think. your thoughts? connell: maybe. probably. yeah. i think we are past -- well, a couple things. we are past china to some extent but watching the chinese go back to work will be something people look at and to school over the

next however many weeks. there has been some encouraging signs coming out of there but i think the lack of visibility, that's why i thought -- i think i said this to you before -- i think that was a big story when the western journalists had their press passes revoked. we need more reporting, we need more transparency from inside that country, not less, and not having that now is going to make it even more difficult. on the part about the numbers, susan is really spot-on. having covered china for so long and knowing how they did it there, the overall number i do think is less important, the 80,000 some cases and whether we are above them or beyond them. but it's almost like reporting on chinese economic data which is all done for a long time, we have learned to look more at trends rather than overall -- neil: right. connell: there are some trends worth taking something away from. the mortality rate in china i think it running 4% or so but it is, as i said earlier in the show, much different within hubei province where wuhan is located than it is outside of that, where they were able to

get ahead of it and contain it a little better. lessons we can all learn in this country as well. neil: all right. very good reminders, all. connell, thank you. susan, thank you. i'm going to cheryl casone for the next hour, in for charles payne. >> we're going to see how markets actually now react to the next two hours now that they have got that certainty on the table. neil, thank you so much. a lot happening in the last two hours and we have two more to go before the bell. good afternoon, everybody. i'm in for charles payne. this is making money. breaking right now, we have a rescue package. the markets giving back some of this week's three-day rally. down 647 right now on the dow, but investors now have to wait for president trump to sign the record stimulus package aimed at workers and small businesses. it just passed minutes ago by a