tv Cavuto Coast to Coast FOX Business April 8, 2020 12:00pm-2:00pm EDT
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even put food on the table. this reality makes it clear to me that congress must address this unprecedented crisis in an unprecedented way that protects the health and economic well-being of the working families of our country, not just powerful special interests. as a member of the democratic leadership in the united states senate, and as a senator from the state of vermont, this is something that i intend to intensely be involved in over the next number of months and that will require an enormous amount of work. which takes me to the state of our presidential campaign. i wish i could give you better news but i think you know the truth, and that is, that we are now some 300 delegates behind vice president biden and path toward victory is virtually
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impossible. while we were winning the idea lodge call battle, while we're winning support of so many young people and working people throughout the country, i have concluded that this battle for the democratic nomination will not be successful and so today i am announcing the suspension of my campaign. please know that i do not make this decision lightly. in fact it has been a very difficult and painful decision. over the past few weeks jane and i in consultation with top staff and many of our prominent supporters have made an honest assessment of the prospects for victory. if i believed we had a feasible path to the nomination i would certainly continue the campaign but it is just not there. i know some in our movement would disagree with this decision and would like to fight on on to the last ballot cast at the democratic convention.
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i understand that position, but as i see the crisis gripping the nation, exacerbated by a president unwilling or unable to provide any kind of credible leadership and work that needs to be done to protect people in this most desperate hour i cannot in good conscience continue to mount a campaign that cannot win and which would interfere with the important work required of all of us in this difficult hour. but let me say this very emphatically, as you all know, we have never been just a campaign. we are a grass roots, multiracial, multigenerational movement which has always believed that real change never comes from the top on down but always from the bottom on up. we have taken on wall street, the insurance companies, the drug companies, the fossil fuel industry, the military industrial complex, the prison industrial complex and the greed
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of the entire corporate elite. that struggle continues. while this campaign is coming to an end our movement is not. dr. martin luther king, jr. reminded us that quote, the arc of the moral universe is long but it bends towards justice, end quote. the fight for justice is what our campaign has been about. the fight for justice is what our movement remains about. today i congratulate joe biden a very decent man, who i will work with to move our progressive ideas forward. on a practical note let me also say this, i will stay on the ballot in all remaining states and continue to gather delegates. while vice president biden will be the nominee, we must continue working to assemble as many delegates as possible at the democratic convention where we
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will be able to exert significant influence over the party platform and other functions. then together, standing united, we will go forward to defeat donald trump, the most dangerous president in modern american history and we will fight to elect strong progressives at every level of government from congress to the school board. as i hope all of you know this race has never been about me. i ran for the president dense -- presidency, because i believed as a president i could accelerate, institution alize the progressive changes we're building together and if we keep organizing and fighting i have no doubt that is exactly what will happen. while the path may be slower now, we will change this nation and with like-minded friends around the globe change the entire world. on a very personal note speaking for jane, myself and our entire
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family, we will always carry in our hearts the memory of the extraordinary people we have met across this country. we often hear about the beauty of america and this country is incredibly beautiful but to me the beauty i will remember most is in the faces of the people we have met from one corner of this nation to the other. the compassion, love, decency i have seen in them, makes me so hopeful for our future. it also makes me more determined than ever to work to create a nation that reflects those values and lifts up all of our people. please stay in this fight with me. let us go forward together, the struggle continues. thank you all very much. neil: all right. you've been listening to bernie sanders exiting from the
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presidential race, ceding the nomination to joe biden. i said that it was just the math really. he was 300 delegates shy of the former vice president and didn't see a means by which he could make up that gap though interestingly enough he did say there are future contests coming up, he will acquire delegates as the race goes on, will use that as sort of leverage to get a lot of things hoped to get as the party's nominee. that won't happen. but for the second time in a row, he will be the silver medalist if you will among the democratic candidates finishing second to hillary clinton four years ago, now finishing second or appears that way to joe biden some four years later. again he was saying it it is about a cause that still goes on even though he himself as a candidate does not. welcome, everybody, i'm neil can it have he to. you're watching fox business. the markets which were already up, got a little bit of extra sprint to the month on notion, this candidate, no friend of
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wall street, certainly no friend of benefits and bailouts he said uncharacteristically benefited them over pretty much everyone else in america, wall street delighted he is out of the way right now. but again, quieted force but not completely silent force. jackie deangelis on these fast moving developments. jackie. reporter: that's right. bernie sanders saying his movement is not ending. as a matter of fact his party is winning this idealogical battle but as you said the path is just not there for the nomination. he did say that it was a difficult and feignful decision to come to terms with this, but they made the honest assessment that victory was not going to be feasible and it is interesting but he commented on a lot of issues particularly donald trump. he said the democratic party still needs to work on this. that trump is the most dangerous president in modern american history. as he mentioned he ceded the nomination to joe biden. this certainly does open up the path for biden to move forward.
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there are still so many questions around the convention, the coronavirus, how this is all going to go down. one thing i really noted was the commentary that sanders made on health care, particularly in the light of the crisis that we're facing right now. and also touting the fact that as a movement, he has taken on wall street and that these are things that continue to need reform. but here is a sound bite of what the senator said him several. we don't have that sound bite for but i will say this, neil, we were watching really closely in terms of the market reaction to this, and the market hitting session highs when it realized sanders was dropping out. i was particularly struck by his tone. you know is sort of standing his ground here and he was not deferential the way, for example, mike bloomberg was when he suspended his campaign. still pretty strong, still pretty, you know, sort of poised and the message being clear that
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he will continue to do what he can to have reform move forward in this country but he realizes he is not going to be the person to get that nomination and potentially get to the white house. neil? neil: jackie, thank you very much. jackie deangelis. the president just tweeted on these developments. bernie sanders is out. thank you to elizabeth warren if not for her bernie would have won almost every state on super tuesday. this ended like the democrats and the dnc wanted. same as the crooked hillary fiasco. the bernie people should come to the republican, trade. i don't know how many will take him up on that but you never know. latest on the white house handling this. more importantly a lot of incentives and stimulus they're working to continue combating the coronavirus as well as progress maybe on the coronavirus front itself. blake. reporter: hi, there, neil. within the white house at the very senior most levels they are continuing to have these
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discussions about the possibility of reopening the economy, potentially in the upcoming weeks. different tweet from the president today, earlier this morning as well, suggested that he believes at least that it could happen, quote, sooner rather than later. now dr. anthony fauci also says that late last night at the white house in the roosevelt room, there was a discussion to talk about this very issue. listen. >> if in fact we have successful, it makes sense to at least plan what a reentry into normality would look like. that doesn't mean we're going to do it right now, but it means we need to be prepared to ease into that. there is lot of activity going on. i was down in the white house in the roosevelt room last -- reporter: now before that meeting i asked the vice president mike pence how the white house envision this is happening, considering you just can't turn on the switch to turn the economy back on again and also considering that governors
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and mayors will likely have their say locally as well? the white house president suggested that guidance from the president and the federal government will spell a lot of this out. >> there's a dual track that the president has already initiated. some of the best mind here at the white house are beginning to think about what recommendations will look like that we, that we give to businesses, that we give to states. reporter: now even with all of the talk about the potential reopening in the upcoming weeks another reminder earlier this morning neil, just how much is needed all across this country in every single corner because on top of the additional $250 billion that top democrats and republicans agreed to that will be going to the pp. the small business loan program, nancy pelosi and chuck schumer today said there should be 150 billion going to state and local governments. $100 billion as well going to hospitals and health care
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providers. they are also calling for a 15% increase in snap benefits. you add that up, neil, 250, 100, 150, you're talking about another $500 billion, plus 15% in snap benefits if they get it. that is on top of the $2.2 trillion in stimulus, phase three package, on top of $200 billion before that. schumer around pelosi say even if they get all of that, they still want a cares two package going forward, meaning another round of the phase 3. neil? neil: this would be like a 4/5. thank you very much, blake burman. senator chuck grassley, joining us right now, republican from iowa. senior player among republicans in the united states senate. senator you have been leery of pile on with stimulus, that you wanted to first see how existing stimulus plans are working. how do you feel about this latest attempt? >> well, common sense tells me
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that for two reasons, one, let it play out what we have in place now. it is quite obvious because of the demand for the small business loan program and keeping people employed in those small businesses that that money is going to run out maybe even before congress gets back into session. so filling in that void as a matter of equity for small business so they can all take advantage of it carries out what we came up short three weeks ago when we developed the program. so now with all this talk about add-on and add-on and add-on, let's wait to see what needs to be done. we went into this with open eyes three weeks ago when we developed this program and for three months if the economy doesn't turn around, we have to be back to the drawing board anyway and let's deal with all
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of these democrat ideas now. they shouldn't use the leverage of small business needing this money to accomplish a lot of things that right now don't need to be done. neil: you know, senator, the 250 billion-dollar figure, i'm told that is just an initial figure they're kicking around for this paycheck protection plan, a key part, ingredient of that small business, some call it a bailout. others call it a series of loans that can become grants, whatever, both sides way underestimated the need for these small business relief plans. did you? is that why your colleagues are going back to the well again, essentially increasing that amount of money by more than 60%? >> well, it is a lot of money and if your listeners who are fiscally responsible as i hope, i know you are and i like that
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attitude, but this comes from the fact that the government's federal, state, local, made a decision to shut down the economy and when the government takes that action, we have responsibility to get the government up and running again and about 60% of these unemployed people work for small business. so we want to keep that, that segment much our economy very strong. neil: so when you look at the size of this package, one of the things, because there was such a demand for that money, even bank of america, one of the lead bank underwriters, providing the where with all to get that money directly to customers, it is far exceeding the folks who are stepping up to get that money. do you worry that even the 250 billion might not be enough? >> well, it is just like i said, a week ago nobody would have
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said that we need anymore money than the 350 we appropriated two weeks ago. so, maybe 250 more isn't enough or maybe it's too much but we just, let's play this slowly and use a little common sense and not just put a lot of money out there that may not be needed. neil: could i ask you something? when you look at this, senator, in the course of the virus itself, we're encouraged by how close people seem to think we are to an apex or a height in the cases. are you comfortable rolling back stay at home and other provisions if that increase begins to decline day by day? in other words, there are still more cases but not as many as the day before day before that, et cetera, and that that might be the first sign come april 30th, when these provisions are set to expire,
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that they do expire, what do you think? >> well, i do not want a calendar date to be that determination. and if you were asking me, am i ready to open up the economy? yes. but based on the advice of public health authorities. neil: so when you see what's happening in china and these other european countries, italy, france, germany, that are kicking around rollbacks in some of these lockdown provisions, do you think right now they're moving too soon? china stands out of course, essentially reopening wuhan province which was ground zero for when this started as you know, senator, and it's concerned people, are they jumping the gun? what would you like to see before we jump the gun, or whatever you want to call it? >> i don't think that i i want o base any judgments i make based on information coming out of
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china because we have found that they have been lying to us about the amount of problems. they want to cover up public expressions of it and they don't allow the free press. so i want to base my judgment what's going on here in the united states, not france or england or italy or hungary or any place else. we got to listen to our own public health people but there is one benefit to us opening up our economy. we're the engine that drives the world economy and if the world economy is going to turn around we've got to turn around the american economy. neil: all right. well-put, senator, very good hearing you again, senator chuck grassley of iowa on these latest developments, fast moving developments at that by the way as the senator and i were talking we're getting an update on boris johnson, the prime minister of britain, who for a third day now is in intensive care at a london hospital. apparently he is doing well enough that he is sitting up in
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♪ neil: welcome back, everybody, keeping an eye on wall street right now. the s&p technically out of bearish territory here. that could change. we have fast moving developments. yesterday we were up close to 1000 points on the dow. reversed all of that, small losses day before, 1600 points. be that as it may, markets climbed appreciably of bear market lows reached a couple weeks ago. in the case of the dow and s&p on very close to the nasdaq, about 20 to 22% since those lows. still down roughly 20% from the worst levels that we had but
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again, but it has been cascading south. number of cases across the globe, they are still rising but rising at a much slower rate. there is hope on vaccine and treatment front, the person front and center, dr. joseph kim, ceo of nvivio pharmaceuticals. they're in phase one i believe, doctor, of covid-19 virus. welcome to you. can you update me where that stands? >> neil, great to be on with you again. inovio started on phase one testing on monday. this is less than three months from the start of the vaccine development for the coronavirus. so we're very excited to get this trial going. the first trial will enroll 40 healthy volunteers, and we have already started those same volunteers starting monday.
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neil: how does it work? when you get to the stage that you're at, if there is a timeline for it, i'm always told when it comes to simple vaccine, that is still a year or more away. where does yours fit into that time frame? >> yeah. we're basing our very well-established dna medicines platform where previously we've already advance advantage seen for closely related coronavirus that causes the merz. that is in phase two. most -- in the world. we're using the same approach to advance our new coronavirus covid-19 vaccine. so we just started our phase one studies in 40 healthy volunteers. we expect to finish enrollment of that study very quickly. within the next two months or so we should start to see early levels of safety and immune
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responses to the vaccine can create. so that would allow us to move into the next stage of development where we will be looking for the effectiveness of the vaccine in a fades two clinical testing. neil: so, let me get your thoughts on all these countries, china included, doctor, that opened up the wuhan province again, that was really the epicenter of, you know, the whole virus unloadeding on the country and now the world. now that opened up with restrictions and other neighboring towns not necessarily part of this just yet but other countries in europe are scaling back on some of the lockdown provisions including italy which surprised me. too soon or is it right? how do you look at it? >> you know i would refer to the public health officials both in this country and in respective countries but my opinion is, you
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have to do this very carefully. short of any effective, safe vaccines that get used extensively, you are taking some risks and going back to almost to normal. neil: all right. we'll watch it very, very closely. doctor, thank you. i wish you well on this treatment if it does, do the trick. obviously a whole anxious world is watching. thank you again, sir. >> thank you, neil. neil: all right. meantime we have been focusing on a lot of other industries that have been hit. you heard about tesla with massive layoffs and furloughs that following a trend picked up steam in the number of americans applying for first-time unemployment benefits, likely to eclipse five million tomorrow, that is what some feel when we get latest read. already 10 million americans plus over the last two weeks.
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my next guest knows all too well about the economic impact of all of this, chris with the american trucking association. chris, we don't think about it, if businesses shut down, there is less of opportunity to ship and make what they produce and that hits your guys directly, right? >> absolutely, neil, and thank you for having me on. we're moving 71% of the nation's economy. so there is parts of trucking that are doing really well in response to this crisis but there are many segments of this industry that aren't. whether you're in fuel or move heavy manufactured goods like auto parts, agricultural industry, we're feeling it in different ways. to insure we move from crisis to recovery as quickly as possible, no better industry to look to how this looks and feels than trucking. neil: so let me ask you, is your industries part of this relief package with some of the smaller operators benefit under this paycheck protection program?
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can you update me? >> we're pretty proud industry. we work for a living but we're not asking for a handout but we would like to see more liquidity get into the market. you had chairman grassley on. i agree with him 100%, the package they passed $2.2 trillion, let's see if that gets into the market, to our customers, to our medium and small carriers and bridge that gap between the crisis and recovery. if that happens, great. if not, we can inject more, we can expand it, tweak it. let's not let the perfect be the enemy of the good. congress is moving quickly as they can to respond to the crisis as the president's task force, governors, mayors. it is trucking the glue that hold all that together. locking arms, make certain we fix problems as they come up. let drivers get from point a to b. restock the shelves. get the medical supplies and test kits to emts, nurses, doctors on the front line. the quicker we do that, the
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quicker we move into the recovery phase. neil: one thing i saw that interested me about the flight ever truckers, trying to do their job, when they get to a lot of these truck stops, they can't go through drive-throughs. the restaurants are closed. so it is compounding their headaches, isn't it? >> absolutely. getting to point a, b, without impediments is really the job ata has been working with the white house task force, with the governors, with the mayors, so that few impediments are in our way. that we get supplies back on the shelves for the customers. get the emts, nurses, doctors supplied with those test kits. when you have roadblocks such as rest stops shutting down, we don't have a place to park. we don't have a place to rest, eat, shower, like a truck needs fuel, drivers need fuel. making certain that mayors and governors who don't often deal with you can interesting understand that if they want relief in their communities they have got to take into consideration the supply chain
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and the hard work that our truckers do day in, day out. same risk of airlines, rail. everybody out there, we have risk. we understand it. we're doing the best we can under the circumstances but i'm really proud of our drivers for getting the job done. neil: you should be. chris, thank you for all of your hard work in the meantime. you're on the front lines trying to keep the economy humming. truckers going. chris on all of that. want to update you right now. we don't know when america will be back to business as usual. we hear a lot about the end of this month when they will revisit a lot of these shelter in place programs that have been put in effect in about 43 states in this country and national recommendations but we are hearing that the broadway performances that were looking at a deadline of the end of month to revisit, putting lights back on, those performances are now suspended through at least june 7th. so that lingers and so does this. after this.
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♪. neil: new york governor andrew cuomo is updating us how things are faring viruswise in the new york state. let's dip into this. >> different parts ever the health care system has worked. if the hospitalization rate keeps decreasing the way it is now, then the system should stablize over these next couple of weeks, which will minimize the need for overflow on the system that we have built in at javits and the susns comfort. so that is all good news. there is a big caution sign. that's if we continue doing what we're doing, if we continue
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doing what we're doing. we are flattening the curve because we are rigorous about social distancing, et cetera, so if we continue doing what we're doing, then we believe the curve will continue to flatten, but, it is not a time to get complacent. it is not a time to do everything different than what we're doing. you remember what happened in italy when the entire health care system became overrun. so we have to remain diligent, we have to remain disciplined going forward. but there is no doubt that we are now bending the curve. there is no doubt that we can't stop doing what we're doing. that is the good news. the bad news isn't just bad, the bad news is actually terrible. highest single day deaths toll yet, 779 people. when you look at the numbers on the death toll it has been going steadily up and it reached a new
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height yesterday. the number of deaths as a matter of fact, the number of deaths will continue to rise as those hospitalized for longer period every time pass away. the longer you are on a ventilator, less likely you will come off of the ventilator. dr. fauci spoke to me about this and, he was 100% right. the, quote, unquote, lagging indicator between hospitalizations and deaths. the hospitalizations can start to drop. the deaths actually increase because the people who have been in the hospital for 11 days, 14 days, 17 days, pass away. that's what we're seeing, hospitalizations drop, and the death toll rises. i understand the science of it.
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i understand the facts and the logic of it. but it is still incredibly difficult to deal with. every face, every number is a face, right, and that's been painfully obvious to me every day. but we have lost people, many of them front line workers, many of them health care workers, many of them people who were doing the essential functions that we all needed for society to go on and they were putting themselves at risk, and they knew they were. many of them voweller inable people who this, this vicious predator of a virus targeted from day one. this virus attacked the
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vulnerable, and attacked the weak. it is our job as a society to protect those vulnerable. and that is what this is always been about from day one. it is still about. be responsible, not just for yourself but to protect the vulnerable. be responsible because the life you risk may not be your own. those people who work, walk into an emergency one every day and put themselves at peril, don't make their situation worse. don't infect yourself or infect someone else so their situation becomes more dangerous. just to put it perspective on this, 9/11 which some of us lynch lived through in this state and this nation, 2753
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lives lost. in this crisis we lost 7268 new yorkers. i will direct all flags lost at half-mast, in honor for those lost in this virus. big question from everyone, from my daughters, i'm sure around most people's dinner table, when will things go back to the way they were? i don't think it is about going back. i don't think its ever about going back. i think the question is always about going forward and that's what we have to deal with here. it is about learning from what we experienced. it is about growing and about moving forward. when will we return to normal? i don't think we will return to normal. i don't think we return to yesterday where we were. i think if we're smart we achieve a new normal the way we
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are understanding the new normal when it comes to the economy and a new normal when it comes to the environment. now we understand the new normal in terms of health and public health. and we have to learn just the way we've been learning about the new normal and other aspects of society. we have to learn what it means, global pandemic. how small the world has actually gotten. someone sneezes in asia today. you catch a cold tomorrow. whatever happens in any country on this globe can get on an airplane and be here literally overnight. understanding this phenomenon, having a new appreciation for it. our public health system has to be prepared and the scale to which we need a public health system. look at the way we're scrambling right now.
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neil: we're monitoring governor andrew cuomo. number of deaths, the highest point yet we've seen but one of the things was at least half full glass part of that story is the delay you get between improvement in hospitalizations as the governor outlined at the beginning of his remarks, that death can be a lagging indicator, tragic as that is and that hospitalizations, or at least the rate of hospitalizations or the growth there has begun to look favorable. one of the other developments echoed by dr. anthony fauci late yesterday who said new cases are nearing their peak and the rate of hospitalizations is down. you want the rate of hospitalizations down because that is a sign of the future direction in which we're going, assuming you're in the hospital anywhere three to 10, to 14 days. generally if you're in there for 14 days you're at serious case. you're either on oxygen or ventilator and you're sometimes on it for such a long time, that the odds do not look good. but dr. fauci was saying deaths are not only lagging the out
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break but could be characteristic delayed response. he said, this is dr. fauci, one of the reasons why markets jumped as they did earlier, could be the beginning of a turnaround. this is something that governor cuomo touched on in new york, again, way, way too soon to say this gets back to normal as the governor aptly pointed out. it will be a new normal to put it mildly. it bill be a changed world to put it mildly. the deaths in coronavirus already eclipse those, doubled those when we saw on 9/11 when better than 2hundred americans lost their lives. that was then. it is a whole new math right now with this virus. we're following his remarks closely. if he sighs anything that hints of reaction to new york getting back on its feet and returning to business as usual, one time we saw from the broadway community, that is pushed back. all broadway shows, all return to business, at least pushed back to june 7th from april 30th.
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so that has been pushed back to june 7th. one of the many phenomenon that has been created as a result of this is lightses are out on broadway but pretty much activity ground to a halt in the big apple this is times square in new york city, you're getting used to seeing without traffic all but tumbleweeds. this situation could drag on, for those who like to travel in for broadway shows and the like, they will be shuttered at least through the beginning of june. now let's hop across the atlantic ocean where we're monitoring very, very closelys boris johnson and how he is faring. getting encouraging news, battling a virus at local london hospital. greg palkot with more from london. greg what are we hearing? reporter: slightly encouraging news from this side of the atlantic as well. this past hour we got an update on condition much uk prime minister boris johnson, the word from the experts is his condition is improving.
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we heard more again in the past hour. we heard that in fact he is still in the intensive care unit of the st. thomas's hospital. that is not too far from number 10 downing street but he has been sitting up in bed. he is engaging with the medical staff. what is also important, neil, we're hearing he got oxygen treatment to assist his breathing but he has been breathing on his own. he has been not using a ventilator. also said he is getting excellent care. that hospital is one of the best in london, neil. he is supposed to be in good spirits. the duties of the prime minister job, somewhat have been shifted over to the foreign secretary, dominic raab who we heard from yesterday. today we heard from the chancellor, ahead of the treasury. neil, he has been getting, boris johnson, getting a lot of moral support around the world today as well. in fact overnight we heard again from president trump. he offered some assistance to
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his very good friend, the uk prime minister. take a listen to what president trump said on "hannity" last night. >> i have set people up with his doctors in london. these people are amazingly accomplished people that found answers to other things that were equally as tough. reporter: your viewers, neil, were just listening to andrew cuomo talking about the situation in new york. pretty much of a similar situation here. we had today, in the last 24 hours, the highest one-day total for deaths in the uk. 936, but the cases that is the total cases per day is going down. the rate of increase is going down. and that is encouraging folks here. we're seeing exactly what governor cuomo says, it is too, way too early to start talk about easing the lockdown, lockdown here in place like. of the united states. back to you, neil.
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neil: thank you, my friend. very much. greg palkot with the latest from london. we should also let you know that one encouraging development where it started started in wuhn province in china. lockdown lifted there. i hasten to add not all the 60 million part of that lockdown, 60 million are sort of freed if you will, but neighboring, some small towns where coronavirus cases are still festering, they do remain under lockdown. in fact one town, about 200 miles northeast of wuhan was put into lockdown. by the way everyone is checked when they leave wuhan or get out of their homes, not only the temperatures, but even to travel within the area and outside of the area. they are closely monitored and that is probably an understatement. gordon chang follows this, best-selling author. he has been looking at it. he was suspicious of some numbers we were originally
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getting out of china. i'm wondering on this, gordon, at least are you encouraged it is unwinding can we trust all numbers out of china? if they're doing something like this, it must be own encouraging progress or what do you think? >> in the city of wuhan i think certainly virus is subsiding. it burned itself out. that is also true for the central part of china. the issue, this virus, like in the u.s. like other countries is jumping from city to city. it appears jumping to the eastern part of china. so that town in the province thaw referred to, that is now been locked down according to china central television, the state broadcaster. their clusters of cases in beijing. the authorities in shanghai are closing down about 30 venues that were once open. so it appears in shanghai there could be problems as well. i think the chinese authorities are trying to use artificial
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intelligence and other advanced tools try not to lock down the entire city of shanghai but nonetheless we have got to be concerned there are other hot spots in china are developing. neil: you know, there has been a new controversy brewing as you know, gordon, about, not only the chinese knew, when they knew it, but what the world hello organization knew about the data in china and when they knew it. it caused a dust-up between the head of the world health organization and president of the united states where the, world health organization president was saying you have to be careful politicizing this, i'm paraphrasing here because people end up in body bags. where is this going? >> i think the united states probably will demand some changes in the leadership of the w.h.o. if you look at the activities of that organization throughout this entire epidemic they helped china spread this virus beyond china's borders because the w.h.o. took china's assurances that it probably knew
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were not correct and spread them around the world. so for instance, this issue of human-to-human transmission, chinese leaders knew about this at least the second week, maybe the third week of december, but on january 14th, w.h.o. issued that infamous tweet that said based on china's information, we don't see any evidence of human-to-human transmission. i think that lulled a lot of countries into a false sense of security, into not taking precautions that they would have. we have heard from dr. birx about china's statistics lulling the united states into thinking this was no more dangerous than sars. so when you look at the balance much what the w.h.o. did over this epidemic, it was actually maligned, not beneficial and i think the u.s. is going to demand and should demand some changes f we don't get the changes at the w.h.o., there is going to be a lot of push to defund the organization. neil: we're a big funder of that organization.
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gordon chang, thank you very, very much. the latest from china right now with gordon chang. also want to get the latest here, the stimulus they're kicking around already in place for small businesses but a lot more to come on top of that. charlie gasparino with more on all of the above. hey, charlie. >> hey, neil. there is some narrative out there that people are getting loans from the small business loan program. i believe it is something like 500 billion now allocated to small businesses for low interest loans but i will tell you this, anecdotally the complaints that we're receiving here at fox business shows something dramatically different. that the program is still flawed. the money is not flowing and that small business owners say banks are blaming the government for various reasons that they're not getting their money. so i called up small business owner that i know. guy named joe shamy. he has a factory that employs 300 people. $300 million in annual revenue,
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just the type of business that you think qualifies for this program. we have him on the air. joe, are you there? >> hi, how are you, charlie? thanks for having me on fox. >> good. thank you. just give us a little bit of background what happened. you went to wells, wells essentially, wells fargo the big bank, you're a banking client for them for 20 years. you would think they would want to hand you some money and they shade no. why did they say no? >> so they said yes for three weeks. then all of sudden we were told that due to the fed cap that they had on them because of their past misdeeds, they were not able to lend us. they have been a great partner of us for decades, then all of sudden they couldn't do it because of the fed. >> because of -- yeah because of the account scandal, the fake account scandal. >> correct. >> they told you that was preventing them from making loans on totally other program?
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>> correct. so that was, that was preventing them from helping companies like me protect jobs. it is all about jobs. and that was, the limitations that they had. >> so, i'm assuming you went to another bank after that, correct? >> so we went, to probably at least a dozen other banks. wells helped us go to other banks but every other bank was saying, we're concentrating on our customers first. the paperwork, everything is very difficult and we're not doing anything. but, charlie something came over the newswire a few minutes before we got on the call, that wells was going to lift their limitation. this came out as we were getting on the phone for you. i called my, my account exec and she said that they don't have any information on it but
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there's some light at the end of tunnel but what we don't know what that is. >> let's be real clear here. seems arbitrary, wells entered a very large settlement with the federal government. its ceo was forced to resign. paid $3 billion on the phony account scandal. it was huge news before the pandemic. it would seem odd that federal government, would allow, not a bank in middle of nowhere to make loans to people like you and you go to chase, elsewhere, they say no. seems like you're caught in a catch 22 if this doesn't abate, you will have to lay off people, is that correct? >> well, we've been fighting to not lay off people. my brother and i dipped into our own funds to hold on to these employees, we're loyal to the our employees.
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but we are not. the government made a promise they will help the employees. are fulfilling our end of the promise. we need the federal government on their end of the promise. >> got it. good luck on the loan. neil, back to you. neil: thank you very much, gentlemen. by the way we're hearing as we've been monitoring governor cuomo's press conference that he is now proposing that new york state immediately make an additional 600-dollar weekly payment to all who filed for unemployment. the state expects to be reimbursed by the federal government. now the minimum federal payment under this new coronavirus relief act is $600. so this would presumably on on top of that. the governor said he got at insurances from the federal government the state would be reimbursed. do other states follow suit to make that request? you can imagine it would be a
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very big figure. new york is the first to say whatever the federal government is paying you we're doubling it. stay with us. their medicare options...ere people go to learn about before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised to learn that one. a medicare supplement plan helps pay for some
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and sometimes, you can find yourself heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward. neil: all right. we have stocks racing along here, kind of the way we were doing it yesterday. we have the dow up about 550
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points right now, s&p also doing quite well. in fact, the s&p is out of bear market territory. all it needed was a seven or eight point advance to take care of that, getting that, but again, these averages up though they are from their lows reached on i believe march 23rd or thereabouts, 20% or so, they are still, you know, gasping for air when you think about their highs reached, about 18% to 20% off of those. within that correction and bear market level that gets people concerned. we will keep a close eye on that. what is driving a lot of this is optimism on the virus front itself and that maybe, maybe we are seeing some light at the end of the proverbial tunnel. i know that's an overwrought expression. what's crystallizing it is improvement in hospitalizations in big states like new york and new jersey, we are hearing, where the hospitalizations, though increasing, are not increasing at the rate they were. deaths are still a very very big issue, but as governor andrew cuomo said in new york, dr. anthony fauci and others have said, deaths are actually a
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lagging indicator so you want to look at the more current indicators, those being admitted to hospitals regardless of what happens to them while they're in the hospital, so the latest count of new people going in the hospital is seen to be an encouraging development. we are keeping an eye on that. also separateliers a lot ys people want to know how we got here. it might be too early to do a blue ribbon commission to look into what knew what and when, but suspicions the chinese might have masked the severity of this when the first cases were popping up last december and began to ignite in january of this year. and that the world health organization knew it. there have been a lot of accusations back and forth as to who knew what and when and whether we were duped. hillary vaughn on the world health organization back and forth with the president of the united states. hillary? reporter: hey, neil. the world health organization's director general, dr. tedros, is defending his decision for how he handled this coronavirus epidemic after the president said he botched multiple
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decisions that led us to this point. senator marco rubio says the director general is politicized and essentially making these decisions under duress and pressure from the chinese government. the director general says they will conduct a review but not until after this outbreak is over. >> no politicize iing, to use cd to score political points. no need. you have many other ways to prove yourselves. this is not the one to use for politics. it's like playing with fire. reporter: tedros is calling out the united states saying they should work with china, not against them, and says it's important to remind the global community they need to unify to address this kwooutbreak saying people should not waste time, pointing at other people, but instead trying to solve or try to help this outbreak from
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spreading further. >> if you don't want many more body bags, then you refrain from politicizing it. my short message is please quarantine politicizing covid. reporter: the president signals he might put a hold on funding for w.h.o. senator lindsey graham, in charge of appropriations, said last night not one dime will be going to funding for w.h.o. in the next senate spending package. a dry-up of donations from the u.s. to this organization would be a very big deal, because the u.s. is the number one donor, giving over $2.5 billion to the organization over the past five years. the u.s. just last year made up 20% of all funding that w.h.o. has access to. china gave just 2%. neil? neil: all right. hillary, thank you very, very much. hillary vaughn. by the way, we have some figures
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to give you on the number of cases in the united states. we told you earlier that we have topped 400,000 coronavirus cases in the united states. if you think about it, though, that is an exponential jump, as recently as april 4th, just a few days ago, we were at 300,000 cases. on april 1st, 200,000 cases. march 27th, 100,000 cases. in the middle of march, a little bit more than 45,000 cases. so you can see these jumps and why the sense of urgency to be on top of this, not only to deal with the infection rate but also to deal with businesses that are shuttered and impacted because of this, and the sheltering at home and all of that, that has all but knocked out about 94% of americans who are part of this process and businesses impacted, their own financial wellbeing impacted. i want to go to senator john
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thu thune, republican of south dakota. they are picking up another relief package, about $250 billion that would go to small businesses, the so-called paycheck protection program. could you update us on that? >> it's one of the most successful programs that came out of the big package congress passed a couple of weeks ago and it is very heavily subscribed, big run on that program and obviously, that level of interest suggests we are probably going to burn through the amount of funding authority that's there before, you know, before the end of the time when, you know, this is supposed to be done with. i think we are going to need to talk about the $250 billion from the treasury secretary and in our case, i certainly hope with the democrats in the house and senate as well, we recognize this is one of those programs that keeps people employed, that
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keep businesses functioning and we want to make sure it's fully functioned. we don't want to run out of money too soon. i think there ought to be broad support for that, bipartisan support, and i certainly hope that will be the case and we try and move it by unanimous consent. neil: you know, your colleague, senator chuck grassley, earlier said he really wished we would wait and evaluate where the current stimulus is going and its impact before we pile on to that. he didn't necessarily say he was against more funding for the small business program but he did express concern that we're not waiting long enough to see if what we have already got out there is working. what do you think of that? >> well, i do think he's right about that. we need to figure out what's working and what's not working. but i think we know from all the evidence we have so far that the paycheck protection program is hugely popular but also hugely successful in terms of the desired goal. desired goal was to keep people
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employed, provide employers with bridge funding so we can hopefully put this behind us. i think this is simply a reaction to demand for the program. i would rather have it have too much funding in there than not enough. i think congress is trying to react to what treasury is telling us they are going to need and what the marketplace is suggesting is happening with that program. so i think it's working trn, it working well. it is specifically what we want to do in terms of assistance right now and that is keep this, a lot of these businesses up and functioning and hope they can weather the storm and hopefully we will be able to get the economy started and somewhat back to normal, although i think normal will probably be a new definition at this point. i agree with senator grassley in the sense i think we need to look at all of our programs and all the things we put out there. there's a lot of money.
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we need to look at what's working and what's not working. one thing we know that's working right now is the paycheck protection program and it's having the desired result. neil: it's $250 billion, is the even gog to ing to be enough? i have heard higher figures bandied about so you don't have to repeat this. where do you stand on that? >> i think the treasury is making, these are all sort of guesstimates at this point, but they are looking at the demand, they are looking at how much has already gone out the door and the need is great, obviously. i think they make the assessment about what it would take to cover payroll for eight weeks for businesses that nemeet the requirements of that particular program and obviously it's exceeding that already. it may be there will be an additional phase that congress will have to come back to do at some later point. it strikes me right now based on what we are seeing that this move makes sense and you know, obviously we want to make sure the program is successful. clearly it's having that effect and i have talked to a lot of
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businesses across south dakota. the biggest question, of course, is having the ability and looking at affiliate rule and some of glitches in the program, a formula banks use to get access to the funds, but those sort of speed bumps are being smoothed out right now and i think by and large, it's trending positive and there are a lot of businesses in my state and all across the country who are going to survive i think because of this program. so we want to make sure it's adequately funded and hopefully, again, we will have bipartisan support to do that. neil: while i have you here, new york's governor andrew cuomo surprised some folks with an initiative to make $600 payments additional to those who already filed for federal unemployment benefits so the state would effectively say the $600 that you're getting now from the federal government, you know, we will give you $600 besides and that's going to be reimbursed by the federal government.
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do you know anything about that? >> i have not seen -- i know the state of new york has decided, the unemployment accounts are being plussed up by the federal government to the tune of $600 per person, per week. that was designed again to make sure that somebody through no fault of their own wants a job, that they would have access to a way to get by and that's in effect for four months. we were hoping to drive more businesses and more workers into the ppp program so you keep the job there so when the economy does restart, we haven't lost the jobs. the states obviously determine what their benefit is, what the federal government has said is they will add $600 on top of that. if states want to further top that off or plus it up in some way, i'm sure that's their prerogative and that sounds like what the governor of new york has decided to do. but that's going to be a state
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by state decision. in terms of the federal role in that, it will be the additional $600 per person, per week for the four months. neil: do you ever worry that it could get to the point where a lot of people who again through no fault of their own are getting these benefits, but if you add $600 and $600, it might affect their thinking about how soon to go back to work and staying out of work or being out of work. it's going to net you $1200 a week. >> yeah. i do think that would be a concern i would have if i was state of new york and looking at doing that. i think the federal benefit is a significant one. there were a lot of concerns, as you know, when it was moving through congress about creating a disincentive for people to stay employed. there are guardrails around this that ensure you can't, if you are furloughed, you have to actually be laid off, by your employer, to be eligible for
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this and there are obviously audits that will be done of that program to make sure it's not abused. but i do think you want to make sure that you have incentives in place for people to stay in the workplace and keep their jobs. and there was already that concern about the federal benefit being added to what states were already doing. if states are looking at adding additionally to that, at some point you are going to have people start looking at the numbers and it's a matter of arithmetic. we want jobs to stay there, we want small businesses up and operating. neil: thank you very much, senator. be well. senator john thune of south dakota. i want to explore this initiative to help those unemployed and essentially having the state of new york in this case add another $600 to the $600 check that a lot of americans who are now through no fault of their own forced out of
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work, that it could be actually $1200 with the states kicking in essentially doubling that. joe borelli joins me, city of new york whip. we also have john bussey, associate editor of "wall street journal" also fox contributor and jackie deangelis. john, to you first. this number, that announcement from the governor surprised me. it was like an add-on today. he said it would be reimbursed boy t by the federal government. what is to stop, whatever people's views are on this, good or bad, to request and essentially demand the same? where are we going with this? >> we don't know. we will see whether or not it actually comes to pass or whether it was an effort by the governor to float a trial balloon. look, at root, what i think is happening is that there's a desire by the federal government, by state governments, to prime the pump here, to inject some steroids into the economy, to keep it
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going during the shutdown but also prepare it for an eventual coming out. they're looking down the road and they see the same things that you and i and everybody else does, which is that it's going to take confidence on the part of the consumer, on the part of the public, to get back into the game. they are probably not going to do that even when the death rate goes down and the number of cases begin to slow, because they're just going to slow, they are not going to disappear, and they are going to have to have faith in the leadership which has been wanting at the moment, they will probably have to wait for a therapy of some sort, a remedy or vaccine. ceos i have been talking to this week are all counting on a recovery that looks something like a w, not a v, not even a u at this stage of the game. neil: you know, jackie, we don't know where we will be at the end of the month when a lot of these sheltering rules will be revisited but we did get a sign about what's going to happen in the new york area, when broadway
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announces no shows resume until at least june 7th. i'm wondering how new yorkers are factoring that in. you talk to them and get a sense of where they are in the business and just the new york community, what they see playing out. >> i think a lot of folks are planning to hungker down than maybe they expected to when this started. i think governor cuomo has really done a good job in sort of explaining this to people. it's all about testing. and knowing basically who you can put back out there into the work force. so the same way we quarantined in order to protect the vulnerable population, we also need to use that antibody test to find out who had this because i think a lot more people had it than were able to get tested and those are the folks that can go back out and get to work and get business going. that's what matters, not just for new york city but other cities that are hard-hit by this. at this point, when people just don't know if they have been exposed or if they could still be exposed, there's a lot of fear out there still.
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as the guest before me mentioned, this may not be something where we peak and go down immediately in that v shape but that has multiple peaks and may come back again in the fall, as dr. fauci has said. so there are a lot of considerations to make here but there definitely are people who are saying we want to get back to work, we want to help in any way that we can get this economy back on track. we just need some of that data first off to know that we're safe. neil: you know, it's a very good point. joe borelli, i talked to john tapper of "bar rescue" fame who wonders if this ends when everyone goes back to work. he suspects it's changed our thinking than we as americans will avoid crowded venues or as crowded venues, restaurants might have half the seating capacity they usually do, theaters and the like. if he's right on that, and there's no way to indicate one way or the other he is, but this boom back that a lot of people hope for in the economy might be
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slow, might be very very slow. what are your thoughts? >> well, look, start here. there really hadn't been any talk about what oippening it up would even look like. you mentioned restaurants opening up with limited seating capacity. we haven't even gotten to that point yet. to hear broadway not opening up until the second week of june is concerning. it's probably concerning for a lot of the restaurant owners that not only make up that area but a lot of restaurant owners around the region who will look and recall that one of the first things that happened a few weeks ago was that broadway canceled its shows, and sort of the trickle-down effect happened after that. but if i was a restaurant owner or any small business owner, i would be hoping for the best but expecting that things don't just work like a light switch. it's very concerning. as a city representative, i will tell you it's also concerning from a city budget perspective. having $5 billion, $6 billion in losses in any budget year is concerning. having those losses happen over
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one quarter, where the city is struggling just to have cash to pay its weekly and monthly bills is a problem that we have not seen. hearing that broadway may not open, with sales tax receipts, with hotel occupancy taxes, that to me is going to be a big problem for not just new york but a lot of municipalities. neil: guys, i want to thank you all very, very much. as many of you can tell looking at the lower right portion of your screen, for those listening, that's a read of how the dough jonw jones industrial doing, about 554 points. charlie brady pointed out that stocks are extending their rally, hitting session highs and a lot of that got a little bit of added boost, if you will, after bernie sanders suspended his presidential campaign. they were not really fond of some of his ideas to tax wealth and wall street and all that. so that's probably not a big shocker to you. the s&p 500, though, is if it maintains these gains and any gain north of 25 points or so would do it, is on track to
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ending a bear market. it's up more than 20% from the march 23rd bear market lows. very close to the same for the dow. but again, all of this predicated on the belief we are through the worst of it or on the verge of hitting that so-called apex and things improve from here. now, that's in the eye of the beholder. you are allowed to talk about the number of new cases. you are still getting more cases, you are still tragically getting more deaths, but that rate of increase is slowing and you do that for 14 days straight, that's one of the things they are looking at, that could be among some of the indicators that they use to slowly unwind lockdown provisions that are in effect for 93% of americans in this country and essentially half the world. stay with us. 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.
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it but jared kushner is doing a surveillance system based around those who might or might not be exposed to the coronavirus. it's raising a lot of privacy concerns as well. janetjudge andrew napolitano joins us on that. one thing that concerns people when they hear surveillance, what do you make of it? >> it terrifies those of us who believe the constitution means what it says. when they wrote the fourth amendment i don't know if they had thermometers, i don't believe they did, they certainly weren't worried about taking people's temperature but they were familiar with surveillance because madison and company had been surveilled by british soldiers in the era preceding the revolution, so they put these requirements in the fourth amendment so that it wouldn't happen. now, mr. kushner's argument is, and i'm paraphrasing because we don't have anything out of the words of his mouth, we just have sources inside the white house, that if they know who is going
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into a hospital and how sick they are and how many people are going in and when they go in, the type of information that following the movement of a mobile phone would let them figure out, then they can determine how to allocate resources. but this is not something that's going to start tomorrow. this is for post-coronavirus. in that era, do we really want the federal government allocating resources to hospitals or do we want the law of supply and demand and hospitals deciding when and where and how much resources they need? that's issue number one. this is not good for medicine to be centrally planned by the federal government. issue number two, you can flip them in order, is the fourth amendment says the federal government, no government can surveil you without a search warrant. they can't engage in mass surveillance whether it's for your safety or health or just for their lurid desires of knowing where everybody is.
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neil: you know, it's interesting, we did a lot of this after 9/11, justifying it given the crisis of the moment, and some fear maybe to your point that we are doing it all over again here, but i wanted to get your thoughts as well, senator bill cassidy, as you know, is looking at what would essentially be an immunity registry, those with covid-19 or those who had it and don't have it anymore, but a registry to that effect. what do you make of that? >> i am a personal friend and big fan of senator cassidy. as you know, he is a physician as well as a senator. but i think that this is dead in the water. the federal government can't stop robocalls. how can the federal government be trusted to keep an accurate registry of anybody's medical condition? and what about the privacy laws to keep the federal government from learning about anybody's medical condition? look, if a hospital wants to keep a registry to inform local government, there's a cluster of this ailment in this neighborhood and maybe you
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should know about it, we're not going to give you names but we will tell you because we can't, there's a cluster in this neighborhood, that's one thing. but the federal government to keep a record of everybody's health and to make decisions on the basis of that record, and to claim that the record is accurate? as a famous guy from new jersey used to say, forget about it. neil: you know, one of the arguments for it, especially if that registry included those who are immune to this virus or furthermore, have had it and don't have it anymore, so everyone is going to be seeking out their plasma which seems to be a big draw these days, in fighting this, that the end would justify the means. what do you think of that? >> the ends don't justify the means because we have privacy and because we have a constitution. dr. fauci argues that perhaps the plasma, perhaps the content of the blood of those who have the immunity can make a vaccine. i think he's right. i'm not a medical person, but hopefully there will be a
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vaccine. at one point we have the terror without television of smallpox and diphtheria and cholera that we now have over coronavirus. we don't have those terrors anymore because we have vaccines to get rid of them. hopefully the free market, not the government, the free market will produce a vaccine for this and we won't have to reach these issues but if we do, if we do have to reach these issues, the constitution still applies in good times and in bad. neil: very good point. always good seeing you, my friend. continued good health. judge andrew napolitano. he is the legal expert, legal expert, think of that. you probably heard this story. it got a lot of play in the media about a tiger in the bronx zoo that contracted the coronavirus. we are told indirectly from the zookeeper, it's a long story, but it did raise the issue of how this extends beyond human beings to animals, pets, et cetera. our fox news correspondent is following this very very closely. do we know much more about this?
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reporter: so right now in the u.s., there are no cases of any pets having or testing positive for covid-19, but you're right, people are still very much concerned about it. so the american veterinary medical association is reporting to us that they are -- their vets are getting panicked phone calls from across the country from people who are wondering if they have given the virus to their dog or cat, and the cdc says it does not currently have any evidence that these companion animals, you could say, can contract or spread this virus. now, there have been reports, though, of domestic cats and dogs testing positive in hong kong, even in belgium, after coming into contact with people who were sick. a new study out of china which has not yet been peer reviewed shows that cats are able to transmit this virus to other cats. the president of the avma says the evidence in those
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international cases is very weak, but you should follow cdc guidelines to avoid contact with your animals if you do get sick. >> we are reasonably sure that you cannot get it from pets and pets can't get it from you. there's no sense playing the odds and kissing your pet on the mouth which a lot of people do, which is just not safe to do when you're sick. reporter: now, what's interesting is dr. howe says the only pet he might be concerned about is the ferret. for re ferrets are more susceptible to contracting human influenza. if you are sick, be vigilant about separating yourself from your pet ferret. the cdc updated its website to acknowledge this tiger at the bronx zoo did get this virus but right now, they are not changing any of their guidelines for pets. they are acknowledging that more studies need to happen, until they can figure out how this virus does in fact impact and
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affect different kinds of animals. still very early stages of trying to figure out more about this virus. neil? neil: thank you very, very much. great reporting on all this. i do want to raise this issue, doctor, as soon as people heard about the tiger thing and started looking suspiciously at their dogs or cats or ferrets, which is kind of a weird pet to have, i have nothing against them, don't get me wrong, i'm wondering do we have to start worrying about this? >> it's a great question. this is the question that's been brought up since january because in china, they had mentioned that some animals were testing positive for this virus. we do know this virus did undergo a shift to be able to infect humans. whether common household pets are able to be infected with this novel coronavirus still remains unknown. the tiger testing positive and what i heard a few dogs testing positive would indicate that
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potentially humans may be able to infect these animals. however, as i mentioned, we don't actually have the data. this is an evolving situation with this novel coronavirus and we are hearing little anecdotal stories but the real evidence isn't going to come out for another couple of months. so i would just say we do know that there is transmission between humans and some household pets, rabies, cat scratch disease, strep throat even sometimes can be transferred back and forth. just assume the same thing. even if we find out you can't, why don't we pretend you can in the time being. try not to be too close with your pets in terms of no schmoozing of their faces, lots of hand washing and if you notice your pet has any symptoms, call your vet. chances are they don't have covid-19 but you never know. we certainly don't know right now. neil: no, we don't. wh i wanted to get your thoughts on something dr. fauci was talking
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about and governor cuomo talked about so-called apex or high in the number of cases and what this could portend. this is from dr. fauci. >> it's going to be a bad week for deaths but driving that and ahead of that is the fact that we are going to start to see the beginning of a turn-around so we need to keep pushing on the mitigation strategy, because there's no doubt that that's having a positive impact on the dynamics of the outbreak. neil: what do you think of that, that we're close, we might be at a turning point? >> dr. fauci is absolutely correct. this is a critical week in the sense that we are finally seeing a plateau with our new cases, new people, decreasing amount of people having to be hospitalized, being put into the icu. i can tell you at our institution we are holding steady with new case numbers and that's not because of lack of testing. we now have a lot of testing capability. this is the fact there are just fewer cases. of new infections. now, we continue to see the
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rising deaths because of the people coming off of ventilators. these are people who have been on ventilators anywhere from seven to 21 days and at this point, the ventilator is just keeping people alive. it's not that the ventilator is actually healing them from this viral infection. at some point, people do come off the ventilator and they will either survive or they will die, so that is why you are seeing these people right now who are dying because they were not able to recover once coming off of the ventilators. unfortunately, this is a big, anywhere from 50% to 80% of people who do undergo being on the ventilator are dying, and that is just extremely, extremely devastating and that is why these treatments are so crucial, that we need to continue using -- we need to be doing the tests to see if the antivirals or hydroxychloroquine or convalescent plasma, whatever it is, we need to start treating those chronically ill so more people are surviving when they come off the ventilators. neil: well put.
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showing great discretion here, doctor, about not leaping to conclusions or getting too excited one way or the other at this early stage. thank you. always good seeing you. to that end, to echo what the doctor was saying, new york governor cuomo said the current trend that he likes among the terms of hospitalizations and rate of increase it's declining, in his words it's a snapshot in time. he still warns of the possibility that tomorrow morning we wake up and the number is back up. so there's that. after this.
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neil: we told you earlier about broadway pushing back its lights off until at least june 7th and now we have heard new jersey governor murphy announcing the postponement of the june 2nd new jersey primary until at least july 7. we mentioned these delays because it comes amid a national expectation that we are going to revisit these april 30th deadlines to a national stay-at-home, if you will, sheltering in place that has i think 42 by last count, maybe 43 states cooperating here. but this seems to be the first indication, and we are getting more of them anecdotally, that they are thinking well beyond that april 30th date. to the case of broadway, at least june 7th before lights going on for broadway shows. in the case of new jersey, the
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primary there, at least until july 7 so pushed back a month. all right. keeping you posted on other developments, we talk about the hot spots in this country and what's going on not only in places like new york, of course, where it's been like a ghost town, but louisiana has become a hotbed and hot center for a lot of cases. to date, 17,030 cases right now, up about 4.6%. 652 deaths, up about 12%. still some encouraging news within that. you take what you can grab. hospitalizations and ventilator use declining a little bit, no doubt a welcome development for my next guest, the attorney general of louisiana. attorney general, thank you for taking the time. >> thank you for having me, neil. neil: how are things looking in your state? i know it's all about the trend. there are some things that look good, there are others including these high death and case counts, that look worrisome. how do you think things are
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going in your state? >> i think that if people continue to respect the social distancing guidelines the president and governor and local officials have put out there, that certainly louisiana may be turning the corner. a lot of us are kind of holding our breath. we are starting to see what indicates maybe a flattening off or leveling off of particular cases. louisiana has been hit extraordinarily hard. we are third in the country in the number of cases and certainly we have more than our fair share. new orleans being the epicenter of that area in louisiana. but again, i think all in all, we are working real hard. i think our medical providers are doing an outstanding job. doctors and nurses, hospitals are just really stepping up to the plate. so we're hopeful, i'm hoping that after easter things start to look brighter. neil: i know early on, you were
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concerned about a shortage of medications and you as the state attorney general got on top of it and that's been alleviated somewhat. can you update me? >> yeah. i think that what we are seeing is a real improvement in the hydroxychloroquine, zthe combination that has done so well. that drug is used with people with rheumatoid arthritis and lupus and other autoimmune diseases. we didn't want to disrupt that supply for those patients as well. a pharmaceutical company stepped up to the plate and gave the state 400,000 tablets. teva stepped up and gave us another 75,000. i think some doctors say well, it's only anecdotal, others say
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it may have a much more positive effect, i think any effect it has on patients certainly is keeping them out of the hospital or keeping their hospital stay shortened or keeping them off a ventilator is important, so that increases your ventilator capacity. we have been monitoring that. we have been talking to walmart, cvs, independent pharmacists, to make sure the supply chain of those drugs are at a level that can be sustainable. neil: all right. attorney general, best of luck to you, your family and your constituents. louisiana attorney general jeff landry joining us. i also want to keep you abreast of this latest talk they are kicking around in washington to provide more stimulus. this will be another relief program largely geared to this paycheck protection plan part of that small business relief to the tune of $250 billion that could likely rachet up higher, but there does seem to be
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growing bipartisan support for this program. then there's republican congressman thomas massie who is not a big fan of this. what do you think, congressman? >> what do you call a loan program when you expect 100% of the recipients to default? the banks aren't loan originators, they are grant assignees right now. i caught a little bit of heat ten days ago for pointing out when they passed the $2 trillion bill that the constitution requires at least half the congressmen to vote on it. but with the new discussion of this next bill, again, once again, they are recommending that just let nancy pelosi pass it on her own, that we can all stay home. i'm saying that's not going to fly, it doesn't fly with the constitution, doesn't fly for accountability to the taxpayers, so what i'm recommending is that she enable remote voting for congressmen. several state legislatures have already enabled this. spain has already enabled it. we are telling our kids to go to
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school online and congress can't even hold a hearing online or even vote remotely. we need to change this so that people don't have an excuse for not being accountable. neil: all right. so you want them accountable, whether they do it online or whathave you, but let me ask you, if it's the senate that's making the call here for this additional funding, $250 billion worth, and that could be a conservative figure, do you think this program is worth it? it's in high demand, a lot of people are telling us apparently the demand is far exceeding the supply of funds or they wouldn't have upped it now by another $250 billion, maybe more. what do you think? >> well, imagine that you come up with a program that gives away free money. of course it's going to be in high demand. they sold out as soon as they got the paperwork in place to issue this. they are going to sell out of the next $250 billion. as long as the government gives away money, there's going to be no lack of demand for that. what the government needs to do is allow people to go back to work.
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anyway, i'm against the bill but the main thing that i'm against is letting nancy pelosi do it in the house on her own without members being accountable. constitution requires at least half of them vote on this. so let's enable remote voting. don't blame me, don't, you know, ten days ago i got blamed by everybody including the president for trying to delay the bill. i wasn't trying to do that. i was just trying to get some accountability. there's a way to get accountability without delaying the bill and without even making congressmen travel. i think they should travel. i mean, they used to have a plan for putting us in a mountain in west virginia if things got bad. now congressmen don't even want to go to work when things are bad. neil: how are you dealing with all that animosity you got ten days ago? you stuck true to your principles, you don't want to waste a lot of money, i get that, but the president thought you were grandstanding, said someone should offer a primary challenge to you. nancy pelosi was all over you. john kerry was calling you not a
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family-friendly name. did any of them including the president ever get back to you? have you talked to him specifically the president since all this? >> i called the president back, he wasn't able to take my call. i left a message. i said no hard feelings, let's move on, i want to work together, but i think he misunderstood what i was trying to do. now, my colleagues including nancy pelosi understood what i was trying to do. i was trying to bring some accountability to congress and that's what they hate you for in washington, d.c. when you commit candor, which is what i did. but neil, i'm not worried about what the swamp thinks about me. i'm worried about what kentuckians think about me. i have had an outpouring of support, it's tremendous. they have been flooding thomas massie.com to find out -- neil: mitch mcconnell is from kentucky as well. mitch mcconnell is from kentucky as well. so do you think he's the swamp pushing this? >> i will let senator paul deal with the senate issues. by the way, my proposal to have --
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neil: i mentioned mitch mcconnell. i mentioned mitch mcconnell. do you think he is right about this, that it is urgently needed? >> no, i think he's wrong on this issue. i don't think it's sustainable. neil: he's the swamp? is he the swamp? is the president the swamp, because he too is for this additional funding? >> neil, i have taken on the whole house of representatives. i'm not going to take on the senate as well. what i'm saying is the house of representatives doesn't even need a new law. all we need is a rules change. it doesn't even have to go to the senate in order to allow the house to remote vote, and if some senator like mike lee or rand paul wants to object to what senator mcconnell's doing, that's their job. i'm in the house, i've got enough people hating me already, i'm not going to attack senators. neil: all right. holding fire for now. we will see what happens. thank you very, very much. so we will watch that. there is a lot of back-and-forth as to how in every taevitable t.
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♪. neil: all right, when americans get back to work what are they getting back to? lauren simonetti exploring that now. lauren? lauren: stocks right now, neil, off session highs, still firmly higher, these are many of the stocks, many sectors beaten down so much amid this pandemic. are we seeing signs of life? yes. look at retail, nordstrom, the department store, they say they see adverse effects from coronavirus for the quarter and near future yet look at the stock up 5%. tj maxx is up 5% as well. switch to the the airlines. news out of airlines mostly negative a class-action lawsuit accuse of refunding tickets without cash. there is idea we're flattening the curve we're getting back to life as normal although nobody knows what that looks like. we might get ahead of ourselves. i say that with respect to
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disney. look at stock price. they got a downgrade at wells fargo. wells fargo said it will take two years for theme parks to return to normal and normal could look like guests in masks with their temperatures being taken. disney stock getting hit hard on an up day. we asked people, did informal poll, when everything does, when the pandemic is over, how do you feel like getting on an airplane and two thirds of people said, no. we saw higher numbers going to restaurants and casinos. neil, back to you. neil: i'm not at all surprised by that, lauren. thank you very, very much. for those of you are commuting into work, the participate of it, pay for parking, go to garage, that has not gotten any cheaper. my next guest who is with reese technologies, the chief there, looking into ways to help people out especially emergency and other workers who could use the
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reprieve when it comes to the parking and the costs of going to a garage. matt, very good to have you. how does this work? >> so we are the largest operating operator in north america. we have over 5000 locations and our vision has been to build the ecosystem that connects the world to your block and to do that you know, we leverage our real estate network in our locations. then we enable new business models on top much though locations, leveraging our locations, our staffing, our technology. neil: so how dowdell lynn eight who gets -- delineate who gets free parking? >> ultimately those types of decisions are typically left up to our customer because we are providing a service to those folks and, you know, we operate the facilities and in most cases you know, the revenues generated
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are critical to the operations of those businesses so we operate those businesses on behalf of those customers. neil: so i imagine another benefit of that is it would go, probably health care workers, first-responders, that sort of thing but, i notice it goes way beyond that. you're paying for up to 30 personnel, 2,000 coronavirus tests on long island alone. that might be localized there, but what is that about? >> yeah. so thanks for asking about that. we are very committed to public/private partnerships and we believe there is a huge opportunity to take advantage of our locations and of our staff and of our technology to enable testing. so we have fully funded five testing sites. the first of which is going live today actually in suffolk county, new york, where it is a drive-through testing facility. we have two other sites going live very shortly. and we have two additional sites. neil, i have to say, we are looking for partners to be able
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to work with us from from the county and local level to set up testing sites and get testing done. we have the technology, we have the logistics. we need partners that will help us with this. so anyone who is watching this, who can help or who is interested from a government partnership perspective should email us at covid @reeftechnology.com. we have teams standing by to set up testing sites. we think this is very important. neil: thank you very much. interesting stuff. matt lynn den berger, thank you. reef technology, chief tech and product officer. thanks very much for joining us. you remember senator kelly loeffler, the georgia senator made substantial profit selling shares in health care related issues after task force briefing at that she got on task force coronavirus before it got to be a big deal, she said there was
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nothing coincidental of the timing. she is liquidating her individual stock shares. don't know whether that includes all stock shares or just ones in question here. she and her husband made a tidy profit out of that. they said there was nothing evil going on here but those shares are gone and charles payne is here. hey, charles. charles: neil, thank you very much and good afternoon, everyone, i'm charles payne. this this is "making money". stocks are rallying as states show slower coronavirus cases. bernie sanders suspended his campaign i will look under the hood of the markets with all-star guests to show you what the internals are i pa saying. i will speak to the ceo of this app we're all using these days, zoom as they face a class-action lawsuit over privacy and security. democrats want hundreds of billions of dollars in
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