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tv   Varney Company  FOX Business  April 10, 2020 9:00am-12:00pm EDT

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with their knowledge and their know-how and their great in their positive get it done attitude. this is a very good friday, happy easter and a happy passover to everybody and we really appreciate you being here. cabot, brian and john and everybody who tuned in pre-we will see you next week. ashley webster it is all yours my friend. ashley: thank you very much dagen and good morning, everybody. the markets are closed today but we certainly are not. and here's why, the s&p 500 had the best week this week since 1974. 46 years and as president trump pointed out in a tweet this morning there were only four trading days this week and the president said that we have a great chance for the really big bounce when the invisible enemy is gone. we are entering the weekend that could see coronavirus peak by sunday, that according to the latest models but doctor anthony
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fauci says we are headed in the right direction. >> every day this seems to be a record of number of deaths. at the same time we see the increase in deaths we are seeing rather dramatic decrease in the need for hospitalization, that is going in the right direction. i say that and i always remind myself when i say that, that means what we are doing is working. therefore we need to continue to do it. ashley: what we are doing is working says anthony fauci, voters seem to like how the president is handling the crisis. his approval rating hitting a high of 49% in the latest poll and by the way he has tied joe biden in the presidential race. just last month he trailed biden in the same poll by nine points. still there is work to do in america remains worried about their money in 79% say they all worry that the virus will lead
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to economic hardship for the family. the chip administration still targeting the reopening of the economy and for - 8 weeks and here's what vice president mike pence says needs to happen to get there. >> first would be that we are at the end of the coronavirus for most major communities. another piece of that is that we have therapeutics for americans to take medicines if they contract the disease. another piece of that is guidance from the cdc, the public institutions, businesses large and small about how to conduct themselves. ashley: joining us now to talk about all of this is a good friend former ceo of c ke restaurants, great to see you. listen we just mentioned those polls, they seem to suggest the voters like the presidents leadership in this crisis, he's had his critics but what do you
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say. >> i think the presidents during a great job. what people are looking for is leadership, they are not looking for protection grade people are going to make mistakes, things will not happen as timely as we would like, this is the government after all. but the president has been out there every day and fighting for american workers, they have a great program passed to help small businesses and individuals, he is on tv every day telling the american people what is going on, what he is doing and people are responding. i think he's doing an excellent job. ashley: you wrote an op-ed piece this week saying that president trump is being the leader america want right now. his critics say that his daily briefings are erratic and he is going off point and he should allow the doctors to have more to say and he was slow to respond. that is the naysayers and how would you respond to that. >> when you are getting criticism from rachel maddow, that's a testament to how
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effective these briefings are being. his critics are trying to take them off the air, they are doing everything that they can to make these briefings look like something they are not. but his polling keeps going up, his job approval rating hit out all-time high in the foxhole, his approval rating on how he is dealing with the virus. people know what the left is doing, they know how the left has attacked this president and they know what a great job he is doing. i think you see the pulley go up and that is causing this reaction on the left to do everything that they can to try and put roadblocks in front of him. but they will not succeed, he ignores them and moves on. it's really good to see. ashley: by the way, the senate will go home for the weekend after failing to compromise on more small business aid. very quickly before i get to edward lawrence on this, how disappointing is that. >> it is hugely disappointing.
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why would there be any delay. if all the president wanted to do in mitch mcconnell wanted to do was raise the amount of money available for americans and small businesses. why on earth would you make the political, it makes no sense. the democrats need to come to grips with the fact that this is a pandemic, crisis, stop the politics, get done what needs to be done. ashley: i cannot agree more, it's remarkable. let me bring in edward lawrence. edward, how much money was at stake, where was the impact. >> the impact -- the bottom line is jobs, that's a short answer. but the administration believes the future of the payroll protection program is at risk, the treasury secretary steven mnuchin said the program will run out of money, take a look at the latest numbers, $145 billion worth of loans in the seven days that this program has been going, nearly 570,000 loans have been written. this is just from community banks. the big banks have been taking applications but not yet
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processed therethrough. when they do that is going to be a massive jump which is what they're looking out. nancy pelosi says she does support adding money to the program but she also wants to added extending the food stamp program, she also wants to add in more money for state and local governments as well as hospital money, the republicans, this is where the logjam is, they want to increase that number and move on to phase four where they had the bigger package. ashley: very frustrating. thank you for bringing us up to speed. andy, it's frustrating to me about the big banks. they have the money, each passing day for a small business owner is so critical, they are barely hanging on and yet the big banks are taking the applications but yet to pass any very much needed aid. how critical is this money. >> it is critical, i've been talking to the small business owners that i know people particularly that were franchisees at carl's jr. and hardee's when iran the company.
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they need this money and they are having problems with the big banks. i think the banks are a little afraid of what's going to happen when the crisis ends, they were so criticized after the recession back in 2010, 2011 for how they handle things. they're concerned with the government is going to do, maybe have president biden or sanders or elizabeth warren down the road who will come after the banks for collecting loans afterwards or tried to do the things lending institution should do, i think they are nervous and i think secretary mnuchin is doing everything that he can as president trump to get them comfort and let them know that they need to get the monies out there, i think they will be successful but you are right, time is of the essence. people need this money now and i hope the big banks catch on and get moving. ashley: absolutely. andy puzder, great to see a. thank you for joining us. boeing by the way considering
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slashing its workforce, that is not good news. loren come in and tell us all about it. >> the wall street journal reported that they could/all their workforce by about 16000 workers or 10% through bile offers, early retirement or a last resort, involuntary layoffs. if you recall last week, the ceo made a proposal, he offered voluntary layoff packages, we don't know how many responded but if the numbers were not high enough, then you have this reported phase two, the perhaps 10%. ashley: that's a big amount, a lot of jobs at stake. now this president trump could make a big announcement about the struggling airline industry very soon. roll tape. >> we just completed a meeting with the secretary of treasury steven mnuchin and secretary of transportation elaine chao on the proposals regarding the airline in the airline business.
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we are going to be in a position to do a lot to help them so they keep their employees and save their businesses. that will be taking place i think you can take over the weekend. ashley: the airline certainly could use the help because there has been a huge drop in air travel. susan: and 96% down from last look into the numbers we are only looking at 1,095,000 passengers day over day and last year we are looking at 2.3 million people going through the airports. one intensity to being occupied and as a result you have the airlines coming to capacity on average around 71% in their burning through a lot of cash right now according to the industry group globally. they're going through $60 billion in cash this quarter. this is to refund their passengers in cash which is something the u.s. government has initiated that they will get
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any piece of the $25 billion stimulus plan. i think they are still waiting to receive some of the checks but they really needed since i have 30% of their plane parts and up to them since they also have to service and maintain service as part of the stimulus plan they would actually cut a lot more roots right now. ashley: while 96% drop in air travel. come back lauren, i guess airlines are finding a new use for passenger planes right. lauren: they were removing the seats and actually flying cargo. this started as an experiment but it turns out it's a revenue maker. they are bringing masks, electronic, every critical year that need to go around the wor world. ashley: fascinating stuff, whatever it takes. today is good friday, how does that work in isolation. virtually of course, a moral compass, jonathan morris will join us to share how to stay connected and celebrate your
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faith during thes and presidentf times. we have american and actor country music singer john schneider. he's holding a virtual concert right here on fox. maybe we will get him to sing for us. but with bernie out of the race, will his supporters back joe biden, we will ask former bloomberg poster, more varney after this. but inside every etf... there are untold hours of careful construction... infinite "what ifs?" and contingency plans. creating funds that help target gaps in client portfolios. tap untapped potential. and strengthen confidence in you. flexshares. powered by over a century of investment expertise before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully.
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with xfinity a breeze. visit xfinity.com/moving today. >> i have warned folks repeatedly over and over that bernie sanders supporters are dead serious about the platform, it is platform or else, they could care less about donald trump being reelected because they see their lives being affected the same either or, they have no problem going to the convention with delegates at
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hand, willing to negotiate and senator sanders will not tell everybody to get behind joe biden and think all is well. ashley: apparently not all is well, that was former bernie sanders stoffer, she says bernie supporters will not vote for biden. let's bring in our good friend doug, former bloomberg poster, doug. >> she is more right than any democrat would like to hear or think about. it is a huge problem especially since bernie suspended his campaign but says he is still competing for delegates. whatever that means. ashley: i think he is wanting more influence when it comes to the convention trying to drag joe biden further left, joe biden putting out a couple of things, expanding medicare eligibility and also for giving federal college student loans, that is a shot out to the bernie
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bros and sisters, is not enough. >> i don't know if it's enough but it also creates another problem, ashley, and the general election. by biden's a centrist and if he moves far left which he appears to be doing, that will make it that much more difficult for moderates like me and the vast majority of moderate in swing states to be enthusiastic and ultimately turn out for joe biden. ashley: doug, democrats have not had a great history, i was just thinking john kerry, al gore, hillary clinton, they have not had the best success have a. >> i work for one who 12 terms, bill clinton and this is a moderate country, center-right country, and i sort of think in a financial crisis and in a public health crisis that we need are common sense solutions
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that address real problems rather than in an attempt to bring socialism to america. ashley: at the top of the show we talked about the polls, the latest polls that show in fact at one point i guess it was a month ago, joe biden had a nine-point lead over the president, now they are tied in the president's approval rating has gone up nicely with his handling of the coronavirus crisis. all of this spells trouble for joe biden doesn't not. >> this will be a very close election. and i think joe biden is nothing more than a placeholder for the democrats rather than a real alternative to a president that increasingly is liked by the american people in the american electorate.
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ashley: talking about what can make a difference, what about the selection of the running mate for joe biden, is there a particular name out there that can really bolster the ticket. >> therein lies the problem, i think given the support that joe biden got from minorities, he will be pressured heavily to put an african-american, hispanic, person of color on the ticket and that certainly is bright, reasonable and responsible, what he does not do is appeal to moderates in the swing state that are now really, really close that biden needs to win. so somebody like amy klobuchar would be an ideal candidate probably will not get the kind of consideration i and other moderates think she got a get. ashley: we have to leave it there, are you in florida or new york? >> i am in florida on the beach and i am isolating like
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everybody else but in 80 degrees sunshine. actually, each are hard out. ashley: i want to point out that your refugee from your own parties tax policy and that's why you're employed in the first place. >> that is absolutely true and given what the left wing of the democratic party is doing i may stay here a long time. ashley: i would not plane you one bit. great to see you. thank you very much. let's get back to uber if we can, they are apparently taking new steps to protect drivers and delivery workers during the pandemic. what are they doing. susan: neubert is going to give millions of their delivery workers and drivers face max which is necessary, they are trained to source from china and they will ship about half a million facemasks to u.s. located in the hardest hit cities so new york city will be one of the first
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recipients of that in a source says from china they are looking for more masks but don't forget the going through tough. because we have booked rides down 50% from just about a year ago and who breeds has seen its orders rise 30% but is that enough to offset what is happening and not ordering their goobers and a lot of these economy workers you have to be concerned for the health and safety but also for employments and money and paychecks. ashley: their paycheck has gone down drastically. thank you. either way amazon plan to protect their workers, you could call it more high-tech. lauren: this is unbelievable, amazon is assembling the equipment and staff, they are taking people from the research, scientists to their program managers in building this team to build their own covid-19 testing lab. amazon trying to build the infrastructure so they could test all of their workers,
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particularly the front-line workers and then everybody if they have the virus, they say this is the way to eventually safely reopen the economy and give workers and employers confident that we can actually go back to work. but amazon is building a lab to test for coronavirus. isn't that unbelievable. ashley: it really is. why not, then into all sorts of our lives right now so why not coronavirus testing. that is remarkable, they have the money and can doing put under. i appreciate it. disney considering temperature checks when they do eventually reopen their theme parks. how exactly is that going to work. how long will the lines be now. i will ask one of our market watchers who spoke directly with bob iger the head of disney yesterday. we will hear from him. first a guy who is working from home says it's here to stay, he will tell us his best remote
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in our softest, smoothest fabric. she's confident, protected, her strength respected. depend. the only thing stronger than us, is you. she's cedward jones iscted, it'swell aware of that.et. which is why we're ready to listen. and ready to help you find opportunity. so. let's talk. edward jones. it's time for investing to feel individual. ashley: we have an update from doctor anthony fauci, he has said that the idea of americans carrying certificate of immunity to prove they are tested positive for the coronavirus
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antibodies, he said that might have some merit, this is something that is already been put out there by italy looking to do the same thing and doctor anthony fauci says that may have some merit so we will have to follow that story. back to your money, we know markets are closed today but by the way the s&p did finish off the week with the best week since 1974. i was just trained to think and 74 i was worried well bottoms and listening to david bowie albums in my bedroom. remember those days, i am old enough to. let's bring in mark temper, 1974, that was 46 years ago by the way, are we in a new bull market? >> that is a great question. there are two narratives i'm hearing right now, i'm hearing the bear market is over and i'm hearing bring in a new bull market in a sense were no longer down 20% from that peak of 3393,
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world about 70% now. the bear market is technically over but market is down 18% this year so it does not feel good. we've also rallied over 20% off the bottom so we are not technically in a bull market but when you open your investment account statement home, you deafly do not feel like you're in a bull market. if you go back to the great recession, a lot of people point to march of 2009 at the beginning of the bull market because that's where bottom but it actually took an extra four years, it took until march of 2013 for us to actually surpass the highs. for a lot of people that's when the bull market began so until we get back to 3393 it's tough to call visible market. ashley: a bull market, i love it, that's the sum of it. you say working from home is here to stay so in that case, what stocks are you looking at. >> all the love is going toward
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zoom and probably way too much, they certainly got some issues, the stocks are extensive, their offering free memberships and that is disrupting service to their paid members, the system has been clunky. i prefer microsoft and salesforce and cyrus one. microsoft, office 365 is your virtual desktop, then they have microsoft teams where you can collaborate with your coworkers and that is a resume alternati alternative, the demand for that is exploding and they have 44 million daily active users on that and he keeps going up. nvidia, in order to embrace the transformation coming need to be above the cloud, data centers, nvidia supplies those chips, and cyrus one owns the data center real estate. and the sales force, your crn is absolute last expense you will cut if your business owner, it's a most valuable asset to any company has which is the prospect the customer database. and salesforce continues to make great acquisition that help them
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to analyze integrate and best utilize the data to drive profit for businesses. those are the areas i would be looking at the virtual work from home theme goes. >> you mentioned the beginning that cyrus one, is that a real estate and if that is, is in real estate in a tough place right now. >> yes i would not just go blindly into real estate, i was talking with some coworkers yesterday and we were talking about the bars in the restaurants and with the bars in the restaurants closing up shop, who is going to be the biggest loser in my take is the companies or the individuals that own the real estate, they are really going to take it on the chin. if you look at office space real estate, it is more and more people are working from home, maybe you do not need 10000 square feet, maybe you need 5000 square feet. there are certainly pockets within real estate that i think are going to be in trouble.
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if you want to be in real estate, the one area where you will see great growth is data centers. ashley: stay right there, i want to get back to zoom we heard that stored districts and google banning zoom and susan lee come on in, lawmakers are saying don't use the app. susan: the senate is jumping in, not an outright ban but they are saying there warning privacy concerns according to the financial times. we heard from google, the new york city schools and even tesla, elon musk company said they will not use zoom from now on and also the singapore government said that they do not want classes being taught over zoom as well and this is over the privacy concerns being hacked and is called zoom bombing where people can get into these so-called private phone calls and also there has been leaks when it comes to meeting ids and data sharing the platform like facebook has caused a lot of concern as well and we heard from zoom saying we will step up with a more strict default settings of we are now
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implementing to end encryption for our videoconferences. that will not come until a few months down the line but they are dealing with a higher capacity as i mentioned, 200 million daily active users compared to 10 million at the end of last year. they said they're a little overwhelmed by the usage which is a good thing for the stocks, it's been doubling since the start of this year. ashley: good thing for the stock but when the ceo says i fess up, i blew it. mark let me bring you back in, there ever was a moment for a company like zoom to shine, this was it. but they have a bit of a black guy and some people will not use them, how much of a problem is that for zoom. >> susan hit the nail on the head, there is definitely a capacity issue, they were ill prepared to go from 10 million daily users to whatever the right now, i don't even remember what you just said. but there is way too many people using the platform and really
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the issue is they are giving it away too so many people for fr free. if there was a subscription membership, maybe would not have as many users and maybe would be better prepared but when you look at this company there is a war there, has some good technology with regards to being able to see the people you're talking to, with regards to having the ability to share your screen, but they have been exposed. they are not a perfect uppity, they certainly have their issues and that is one of the reasons why i like microsoft. they have been around the block and been through the ringer before. they are more prepared to take on more and more daily active users through the microsoft team platform. ashley: i want to switch gears, take a look at boeing, boeing is up just over 23% for the week, i want to bring in lauren if i can, they are looking at making cuts to the workforce, 10% cut is not right. lauren: right or 16000 workers
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through buyouts, early retirement or last resort involuntary layoffs. this is reporting the wall street journal. they said they will not accept any federal aid yet, if they do, what does it look like, do they have to keep workers on to the end of september. look at the charts, this is the stock that went down to 89 and as high as $391. this is a good week for boeing but is been dragged down on the high. ashley: is been a good week but allows the 18 months. mark, come back in, what do you make a boeing, things cannot get any worse, is only one way to go from here. >> i would not be touching boeing right here at all. no one is even talking about the 737 max issues anymore. now it's all about airlines are not flying people around the country or around the world so nobody needs to buy aircraft at all that with regard to boeing,
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they still have the 737 max issues which need to be solved and really if you go back to the great recession, all of the companies that accepted bailout money and i believe that boeing eventually will have to get some funding, all of the companies underperformed over the course of the next decade. i would not be trying to call the bottom and boeing, obviously it has moved up off the lows in the 90 - $100 range but i would not be getting in right now. ashley: let's get to the story, workers for targets delivery apps are asking customers to boycott the service, coming grady trimble, why are they doing the. >> they are making demands for more personal protective equipment, masks, gloves, hand sanitizers, they say they want hazard pay and paid sick time for all workers, not just those who test positive for the coronavirus. target which owns ship says we
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have done many of these things, we have the ppe available to our shoppers and we also provide sick time and we have changed our pay scales to the benefit of workers. shift held walkout earlier this week on tuesday but on the same day it did not seem to work because the company saw a double-digit increase in sales and it's not just ship dealing with these worker protest, it is amazon, whole foods, insta cart and these companies are seeing demand through the roof right now, in fact they are all hiring. they are trying to strike a balance between protecting their workers who in any cases are low-paid workers or gig workers and also providing the essential service at a time when so many americans are staying home. ashley: you know it may not be the best time to call for this, i understand what they are saying that people need supplies, they need groceries, they need this and why they may
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agree in another situation, boycott, that is not going to do it. >> you saw that in the numbers earlier this week when there was a walkout when some shopper said we are not going to do this, they saw a huge surge in demand and seeing the highest numbers ever right now. ashley: grady trimble, thank you so much call for a boycott of target. let's get to back to mark as we get back into the market next week, i know we are held hostage to the headlines, 24 hours a day, seven days a week but i get the sense that there is optimism. would you agree with that? >> there is definitely a lot of optimism. you have the virus curve hopefully flattening, at least that's what it looks like, yum! the fed willing to step in and basically backstop everybody, there is a lot of optimism right
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now but i think people need to be a bit realistic. you need to keep things in perspective. if the economy does reopen fully on may 1, we are looking at a 30% drop in gdp for the quarter. if it takes until june 1 to reopen, that the 60% drop. lots of optimism, we need to stay positive right now but let's be realistic at the same time. ashley: i absolutely agree. thank you so much great stuff today. i appreciate your time. now this talking about getting back to work, president trump is laying out the groundwork to reopen america. >> we have tremendous stimulus, we have tremendous stimulus plans, we have things in the works that are going to really -. ashley: steve hilton likes the sound of that and wants more aggressive plan to restart businesses, he is in the show at
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the 11:00 o'clock hour. steve hilton do not miss that. here is a number for you 4.5 million jobs that could be destroyed through 2021. we will have the details on those sobering numbers in the analyst estimate the retail sales can be done double digits through 2021. i want to know how is retail going to recover. we will have more varney after this.
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ashley: in the middle of the pandemic earnings season kicks off soon with the big banks. susan it should be interesting. >> the big banks are rolling out to earnings season on tuesday and the big one j.p. morgan chase will kick it off on tuesday along with wells fargo and then wednesday the big rollout of morgan stanley, citigroup, goldman sachs in indications or if you check in on the analyst estimates, they are looking for profit to drop 20% from the top 15 lenders and don't forget banks or proxy to help people view the states of
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the u.s. economy and with coronavirus it is not looking good. the broader corporate picture according to estimates recorded by rescinded of, we are looking at profits to be down 8% in the first quarter, down 18% in the second quarter and i'll be very confusing the earnings season as well, somehow pulled their earnings, some delay it and you might get some numbers from some of these companies, i think it's a guidance forward and how they see things play out the rest of this year that will be very important. ashley: and it would be brave for those that put guidance out and a lot of companies have already pulled it. very interesting stuff. thank you. loren come in, you've an update from american airlines. lauren: i do, they are saying that 4800 pilots have agreed to take voluntary short-term unpaid leave. that is the newsflash that we are getting there. so voluntary unpaid short-term
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leave. as we know the president will meet over the weekend with the airlines to talk about how to give out the 32 billion-dollar grant. american is one of the 250 plus airlines and related companies who have applied for grants-in-aid. ashley: and this too, stay on the story, new survey showing height and appointment could last a year. so how many jobs could be lost. lauren: 4.5 million, that according to the nab, the national association of business economics. for a half million jobs could be destroyed and the pendant make, those job losses could last a year, 2 million of them will be recovered but not until the end of next year. so the end of 2021. as we talk about what the recovery looks like, and abe is saying may enter may be more of a no.
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ashley: we get the picture pre-thank you very much. 50% for the first half of 2020. let's bring in the ceo and former toys "r" us chairman and ceo. gerald we are seeing so many dire predictions for retail and just saying it can be done double digits through 2021 as we just said, how rough is it going to be. >> we have talked about this many times. the consumer drives the economy and all through last year or the year before people were saying it won't be a recession and i kept saying there won't be a recession because consumers have jobs and they have money, that is not true right now. they do not have the jobs, we don't have the employment that we had and people don't feel like they have money and they're worried about the future, we need to address that and i believe the steps being taken by president trump in the congress will start to address that. there is a third factor that did not exist before. people are afraid, they are
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afraid to go out. until that is addressed until people feel they are safe when they go out and go shopping and go to a restaurant, they really are not going to see a turnaround in retail whether through a combination of the pandemic slowing down so much and people feel the mortality is acceptable or so low or whether through therapeutics or vaccine or through testing. then people find the and feel safe and go shopping, if you look at a level of testing taken place, as high-end as it is at 100,000 people per day over the course of an entire year, that is until now until april 10 and we still only test 11% of the population and i'm not sure that's where the consumers had is. people want to feel it safe to go out. we need to deal with that, once we do then i believe were off to the races. there will be a lot of demand and things will blossom. ashley: we talked about during this period there will be the haves and have-nots. i want to focus on the haves, some bright spots and you believe they include walmart,
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target, costco, amazon, tj mask >> these retells were running already, they've a lot of cash, they are very difficult. they are selling necessities, things that we need every day, not just things that we want. until people feel that it is really safe to go out, they will not go out on frivolous shopping trips to buy -- the old saying that dress is to die for, i don't think people want to die just to get address. department stores will suffer, you will see quite -- people will go to the mall just to hang out, the retailers we talked about, walmart, target, costco, amazon, dollar general, these retailers offer products that we need, products that are great value every day so they will thrive. i think some retailers will do
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well to, nike or lululemon that have do stink if unique products and good internet businesses, maybe the stories are so big you can go out and getting what you important come back home. ashley: at least we can finish on a positive note. the retail guru, gerald thank you so much for taking time per week we really appreciate that. now the story in the tech world, are you having trouble using the facial recognition to get your iphone going while using a face max. i am too so i have a guy who has a solution and will explain coming up. do not go away. ♪ it's the next one. you always drive this slow? how did you make someone i love? that must be why you're always so late. i do not speed. and that's saving me cash with drivewise. [mayhem] you always drive like an old lady? [tina] you're an old lady.
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lauren: juul the vaping is facing lawsuits over coronavirus claims. >> they are looking for damages from juul labs and other companies in the vape industry as well. it's an amended complaint that is in court this week, they claim that vaping complicates coronavirus and exacerbates the symptoms and the disease.
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we know the group that is one of the largest shareholders in juul is also part of the lawsuit as well. the ftc just sued them for antitrust concerns with a 13 billion-dollar investment in juul. this is a district court issue, and coronavirus and complications they think from vaping on exacerbating coronavirus is added to a long growing list. ashley: thank you very much. i want to bring in the ceo and the board member with starbucks. were going to talk about your company clara, the solutions for financial industry and financial service industry, you provide the platform to financial advisors to talk to their clients. how is that going right now. >> to be honest we never seen such high utilization advisors are using our phone service, texting service, social media, nonstop with their clients.
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ashley: do you think because of this in the way our lives have changed that this will become more the norm. it changes our behavior. >> most certainly, so much what we do at hearsay is mobile, advisors need to be mobile, they cannot go into the office and they have to be available why they are sheltering in place. ashley: go ahead finish. >> thank you the post crisis, people are not going to stop wanting a text, they will not stop wanting to connect on linkedin and facebook pre-this is catalyzing the new normal. ashley: you think this is the last mild communication. explain. >> people are anxious with good reason financially as well as emotionally they need to hear from their advisor. they don't want an automated message from the bank or from corporate, they want to talk to
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susan, their advisor. ashley: that makes sense per we all need reassurance at a time like this. thank you so much for taking the time to join a spring we appreciate it so much. now this tom brady fitness brand is offering virtual workouts for healthcare workers prepare the ceo for that company coming out. president trump planning to provide more help for the airlines as early as this weekend. do they need it, i will ask senator john brosseau after this. ...
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>> it is coming up to 10:00 a.m. on the east coast. i'm ashley webster in today for stuart varney. we have a big hour ahead for you. the democrats have blocked senate majority leader mcconnell's proposal to add another 251 billion dollars to the small business program. a senator will join us in a few moments to discuss that. plus, president trump slamming the world health organization over its handling of the coronavirus pandemic crisis. we will have more on that throughout the next hour. and disney's bob iger now saying the temperature checks may be in future for desks entering disney's theme parks. we will talk to barron about that in just a few minutes. he spoke with mr. iger. we will get his thoughts. we begin with this. president trump's approval rating has surged to a new high. with 49% of americans approving his job performance, and with
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bernie sanders officially out of the race, the latest poll from fox news shows president trump is virtually tied with presumptive nominee joe biden. it was a nine point gap with biden leading in the last poll. back to the virus now, 79% of americans are worried that they or their loved ones could die from the coronavirus. listen to what james carvel said. roll that tape. >> one of the most awful things i have ever seen in my life, you know, the extent that we'll go to, all about one supreme court seating, they will kill people to stay in power literally. >> there's hyperbole and then there's that. let's bring in tammy bruce, fox news contributor. okay, we know what he thinks, but that's crossing the line and then some; right? >> it is. it also exposes of course their level of desperation.
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if americans want to get a sense of what the democrats really are about, and james carvel historically has actually been somewhat fair, but it shows you the level of panic that they're experiencing because they realized now the president has been able to talk with the american people somewhat not upseted be -- not upset by the ankle biters. they can't overcome reality. the american people don't appreciate that either because you might disagree with president on some things but to suggest -- his main claim for the election was the incredible economy and he's willing to change that in order to save lives. i mean, it's really astounding to me -- and jennifer ruben the so called conservative columnist for the washington post, also part of the republican establishment echoed that claim on twitter is that biden's got
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to be willing to say that trump wants to kill people, and i suggested maybe they should just add that he should do it with a chainsaw with a mask of jason on while drowning puppies, that's not going to get them back into the white house. >> it is not. let's get back to the latest poll, showing joe biden and donald trump now tied in the race for the white house. there was a 9% gap if you look at march 2020, the last month, 49% for biden, 40% for donald trump. now tied at 42%. what do you make of that? >> that was also registered voters, not likely voters, but more than that, polls as we know with the last election really don't show us an end result so much. hillary was of course wildly ahead in most polls. what we do see there is this major movement down of joe biden. you can trust polls at least in the sense that they can show you movement, and that's what they
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are showing you is that the american people have also seen joe biden even in the smallest snippets, ashley, and it concerns them. when you think about who can handle an emergency like a pandemic, this is why the president's ratings are up because they do say overwhelmingly that is donald trump, and it's not just a pandemic. but this is where leadership matters. you know, it's easy to be a manager; right? what the american people want is to be left alone, to be able to live their lives and build their businesses, and if there's an emergency is to have leadership that can actually manage that dynamic and bring them through the storm. you know, there's no promises that everything's going to be always perfect. but if you want someone to bring you through a storm like this, you've got to have somebody who is at the wheel, who understands what's going on, and he's going to bring you through at the end. >> very well said. we need to leave it there. tammy bruce, thank you for joining us today. >> have a good weekend. >> stay safe. yes, you too. let's bring in jack howell,
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barron's associate editor. jack, good to see you. you spoke with bob iger, disney's top guy about this idea of checking everybody's temperature before they go into the park, if and when, you know, when we exactly get out of this pandemic. is that the new normal? >> it's a great question. it's why i looked at disney and the entertainment business this week. to me, when you think of disney parks, they are representative of how we get america going again. they are closed down right now. when we open them, how and when are we going to go back? are people going to feel safe? how are we going to manage that before such time as we have a vaccine, and then we would think the people would feel safe again? so i did speak with bob iger, and he said, look, you know, taking temperatures at the gates are one of the things they are talking about. they are studying things they are doing in china right now as they try to reopen cities there.
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it sounds jarring if you have been to one of these parks to have your temperature taken, it sounds weird. but let's just remember, there was a time when it would have seemed jarring to have your backpack searched on the way into a park or have to take your shoes off before getting on an airplane. people get used to things that we need to do for public safety. not necessarily a thing we will have to do forever, but it might be something to hold us over again until we have a vaccine. >> you know, the administration would like to see this economy reopen, if possible, in four to eight weeks. did bob iger have any thoughts on when we can get through this thing and get people back to work? >> you know, he's not saying when they might open the parks. disney isn't forecasting what attendance might look like. i talked with a lot of people on wall street about this. most of them, when they do their modelling, they are building a matrix, saying here's what it
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looks like when it opens in june versus july. june is the earliest month they are accepting reservations for the park, but i don't know if you can go by that. nearly everyone i spoke to this week said don't expect for things to go right back to normal after they open these parks. i think the same can be said of movie theaters and a variety of businesses. think about the things we used to do before, how close people were, and think about whether you would feel okay going right back to those venues with your loved ones, and especially people who have to travel and get on airplanes, so it's going to be a gradual recovery, and again, everything really hinges on when we get a vaccine and we can achieve some kind of an immunity as a country to this virus and people feel safe again being in groups. >> do you think we're looking at a recession, jack, that's going to stretch well into next year? >> i think you're looking at a
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sharp recession, and i think when we reopen, you know, for a couple quarters, obviously, when we reopen business, i do think -- the discussion that we have is it going to be a v shaped recovery? yeah, it will be v shaped at the bottom, but that doesn't necessarily mean we get right back to where we were. i think there will be a sharp recovery as we begin to do things again, but i honestly think it could be years before we get back to where we were on gdp. the stock market could hit a new high within a year because there's tons of stimulus, right? but what we learned over the decades before the virus is it's much easier to stimulate the stock market than it is to stimulate gdp. i think it might take us a while to get back to where we were in terms of economic activity. that is not me being pessimistic. that is not me being not patriotic enough. my job at barron's is to be realistic about what we can expect, and i just find it hard to believe that we will get right back to business as usual over the next year. it's going to take us a while to
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get back. >> it's going to be tough, for sure. jack, thank you very much for joining us today. much appreciated. you can see more of jack on barron's roundtable on fridays at 10:00 p.m. eastern time, right here on the fox business network. all right. let's bring in susan lee. susan, some stimulus checks distributed to americans today; right? >> well, no, they are going to be distributed in the bank accounts on wednesday, those $1200 stimulus checks, part of the cares act. that's only if you have direct deposit and this you initiated this in your irs tax returns. so you could be waiting weeks, if not months if you're looking for those paper checks, and this is going to go out to those that make under $75,000. you get $1200 a piece for individuals. and then $500 for children under the age of 16. but you can also by the way sign up, possibly, there's going to be a get my payment website according to the treasury department, being reported by politico which would allow americans to enter direct
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deposit information so you can get that money even earlier because you just talked about it, with jack howell; right? we need to somehow get money into the pockets of americans who are unemployed and trying to hold over until the economy reopens. >> very good. i believe what we're saying is that the banks are being alerted tonight from the irs who will get a direct deposit by next week. susan, thank you. let's bring in lauren, you have some news on pasta maker barilla; is that right? >> i do. the blue box that you see in the grocery store, their sales in march have more than doubled. they're unable -- this is a good problem to have -- they are unable to keep up with demand, so they cut their lineup by about two thirds. you probably won't be able to find new any new boxes. what are we all doing as we sit home? we're eating comfort food, which is pasta and also cheap food, which is pasta. so this is the problem that
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barilla is facing. in my household, it is the choice between barilla or ronzoni. we go with barilla. >> suddenly i'm hungry. good stuff, lauren, thank you very much. let's take a look if we can at wuhan, china, where this virus originated. it opened back up for 11 weeks people are now walking around still in masks of course, but that is wuhan china opening back up. look at that crowd there. they have masks on. president trump threatening to withhold funding to the world health organization over its handling of the coronavirus. what does former state department official christian widen think about that? he's on the show later this hour to weigh in. on capitol hill, the democrats blocking senator mcconnell's proposal the add 251 billion dollars to the small business program. wyoming senator joins us on that next. here's huge news for veterans with va loans.
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ashley: let's bring in hillary vaughan and all it says on the prompter is congress is bogged-down. you could say that any time; right? >> that's right, ashley, but what's really interesting about this is we are getting some new information on what the next steps would be for senate republicans as they are trying to work out a deal with democrats to get this additional money for the paycheck protection program, part of the small business funding that the president requested, an additional 250 billion. we are learning that yesterday on a call with the vice president, with senate republicans, senate majority leader mcconnell told the vice president he has not ruled out working out a deal with democrats over easter weekend, but if he cannot land a deal with them, he may bring up that
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same bill, that same request for 250 billion more dollars back up on the senate floor on monday and there democrats essentially -- and dare democrats essentially to vote against it again. there are also a few other proposals floating around. on the senate side, senator holly would want the federal government to sently pay 80% of people's salaries during this pandemic and on the house side, you have congresswoman -- excuse me, the leader of the congressional progressive caucus she wants essentially congress to cover 100% of people's salaries under $100,000 no matter where you work. it wouldn't necessarily be tied to your business, so it wouldn't be part of a small business, but based on your salary. ashley? ashley: all right, thank you very much, hillary. time to bring in wyoming senator john barrasso. i don't get it, democrats blocking stimulus for small businesses. mitch mcconnell said yesterday all we have to do is raise out
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350 billion, put in 600 billion and get that money out there for the people who need it most. why cannot everyone agree on that? >> because the democrats are blocking it. nancy pelosi is driving the party making the decisions for party and said no. this seems to be a no-brainer. in these very unusual times, the democrats are playing politics as usual. we need to get relief to the american people. this is the way to do it, through small businesses because they employ so many people across the country. we want the paychecks to keep going out through the small businesses, people stay tied to their jobs. you would have thought this would have passed unanimously because with the original bill, passed the senate 96 to nothing, all we've said is it's time to refill this part of the program that's been so popular, so successful, and right now is running out of money, which means people are going to have a harder time getting their
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paychecks. ashley: right, i still don't understand. i want to get if we can senator into the proposal to help airlines. now, listen, you know, flying these days is not the best experience to be honest with you, and the airlines are kind of famous for nickel and diming us, so i understand they are an important part of the infrastructure, but what are your feelings on helping the airlines? >> the president led his press conference with that yesterday. i know they're working on ways to do that. the best thing in my opinion to help the airlines is to get the economy moving again, to get people back to work. if you're going to get people in planes, you need to get people in stores and restaurants. the more we can do to get the economy opened again and get people here in wyoming and across the country back to work, that's going to be the thing to help the airlines. there's been discussion about whether it should be loans or grants to the airlines. it is a vital part of our community and our economy. my focus right now is getting america reopened, americans back to work and helping these small
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businesses, and right now the democrats are blocking it, and it shouldn't be politics as usual. regrettably it still is. ashley: regrettably is right. also senator, you're working on a bipartisan infrastructure highway program. i've heard this before. what makes you think you can get this one done? >> well, the president tweeted about it this morning. i've been meeting with other republicans and democrats on highways and infrastructure. we've gotten a bill out of the committee that i chair, the environment and public works committee unanimously, 21 to nothing. all the republicans and democrats supported it. that's what we ought to be focused on. in terms of a recovery, once we get past this rescue phase, the recovery for our economy can be helped dramatically with an infrastructure plan that deals with roads, bridges, ports, tunnels, riverways, all the things that are important for commerce, we need to do that. broad band, rural broad band, i had a conference call with the republicans on the committee that i chair yesterday.
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we're getting ready to go with that. and the president i talked about it as well, he's very enthusiastic about it. we're going get to a point where we need to get this economy open again and active and stimulated, and it seems to me that infrastructure that impacts people all around the country with money out directly to the states is a really good way, ashley, to get it done. ashley: couldn't agree more wish you the best of luck with all that. senator barrasso thanks for taking the time this morning. much appreciated >> great to be with you. ashley: thank you very much senator. news on visa and mastercard. lauren? >> this month ashley both visa and mastercard were set to increase swipe fees. these are the fees the merchant pays when you swipe your credit cards. they were set to go up. many of those merchants are small businesses, obviously, most affected by the coronavirus. those increases have been delayed, postponed, but have
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they been cancelled? we don't know. i can tell you this, last year the fees paid to visa and mastercard were about 53 billion dollars, and with the proposed changes, whenever, if ever they take effect, that would go up by an additional 730 million dollars. ashley: a lot of money, either way you look at it. lauren, thank you very much. want our viewers to check out this video. the world might be shut down, but the california strawberry farmers, they are using drones to harvest their crops during this outbreak. check that out. working away. camarillo, california. up next, wearing a face mask is creating some problems for iphone users. the phones simply won't recognize your face with a mask on. the cyber guy is joining us on that next. life isn't a straight line.
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ashley: welcome back, everyone. let's get to susan with some news. >> giving two months away for free, and we know that gaming has spiked as people are staying home, being quarantined, what else do you do? you go on-line and you play games. this is google's free for two months but usually costs about $10 a month for 4k resolution,
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they will reduce that for 14 countries, nine titles for free for two months. it is a trial. it is for anybody who has a g-mail account. you can sign up as well. this is something for the future. don't forget we have apple arcade as well in the streaming game streaming. this is how people play games these days. you don't buy your x-boxes, your machines anymore. ashley: those were the good old days. not that i played then, but interesting stuff, susan, thank you. it's a great time to bring in bit craft ventures, you invest in gaming and e sports is there a better time than now when people are trapped ip doors to really -- when people are trapped indoors to really embrace e games and e sports. how is it going? >> i think it is a very exciting time to be in the space and see how an ever larger audience is participating in gaming. particularly in e sports which is currently filling a void where traditional sports has basically disappeared from
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screens, and e sports is able to fill that gap with exciting sort of sports content. on the one hand, existing games that we saw before which were played kind of on the very high end professional level, yet also traditional sports that is using video games to kind of exercise their sports discipline, such as, nascar or formula one or soccer or the nba, or sort of using video games to exercise their sports new virtually. it is unprecedented times. it is unprecedented growth that we see across the games industry. games time and game usage is up. i don't think i have seen a more interesting time as sort of many that we have been looking at as investors in the space are sort of coming together faster than we thought. we see this time right now, where people spend more time at home, people kind of seek for social connectivity and social connections in video games.
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this has accelerated and fast forwarded the development in the game space. ashley: ashley: essentially with all sports being cancelled for now. have there been e sport competitions going on to fill the void, so to speak, so you can stay in your house but still get that, you know, sense of competition and pull for one team over another? >> yes, correct. so fundamentally, the largest and kind of biggest e sports competitions will also feature what we call off line play, play in a physical environment in a stadium, arena, where the professional players will come together and compete for the crown and prize money, yet video games can be played on-line and over remote networks and remote places. so what the big leagues, the big tournaments did is after this crisis broke out, they have been able fairly quickly to change a pure on-line play mode. so you are still able to follow the big leagues.
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you're still able to follow those exciting metrics, just not in the kind of big stadium event. so we're carrying on. an interesting part of that is you see the impact it has on sports betting which is particularly large here in europe. sports betting is suffering from the same fact, that we don't see matches. we don't have markets that people can bet on. now, e sports is filling that void right now with an unprecedented demand for sort of e sports content, particularly as well in the exsports betting environment. -- e sports betting environment. ashley: absolutely fascinating, such a huge industry and growing literally day by day. thank you very much for taking the time out to chat with us today. thank you very much. >> thank you for having me. ashley: let's move on. lauren you've got some news on casinos? >> yeah, one worker at a new orleans casino said that the coronavirus pandemic is ten times worse than hurricane katrina. now, the union representing the
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gambling and casino workers says that the casinos and the hotel companies should pay them full salary and benefits through the coronavirus pandemic, through the shutdown. i do want to point out that wynn and las vegas sands, some of the hotels and casinos are paying these workers through the middle of may, so it is more than just the two weeks. they are getting those paychecks, but obviously this is a tough time for many who work for the industry because with social distancing, you can't go gamble, at least not in a casino. you can do so on-line. ashley: no, you cannot. that's absolutely right. lauren, thank you very much. time to bring in the cyber guy. you could put this under the title of first world problem, i guess, kirk. apple iphones, facial recognition won't recognize users who have their face masks on. now my solution to that, take the mask off, but that's not always easy; right? what's the work around?
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>> you would think that, ash, good morning to you. we're talking about the idea that you now go while we're in the stay at home mode, but leave for essentials like trips to the grocery store, it makes a lot more sense to use that apple pay or the pay on your phone to transact, so that you're not touching anything. you're not trading your credit card or cash, so the problem is, you put this on, and wearing a mask face id does not work on apple. some hackers have found a work around for alternative views that they are trying to set up. i wouldn't recommend doing it. when i tried it, it took about one out of five times it would work. apple has said that that's jeopardizing the security of your phone. at the end of the day, you know, you leave your mask on when at the store. use your credit card. try to use the part that's wireless on it so that you can transact without spreading germs. but nonetheless, android phone owners, you will be pleased to know that your mask may work on
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their device, what they call facial id, but ash, that says a lot to me about the security of the android phone. ashley: that's a very good point. so basically what we're hearing from apple is that we're sorry, we understand this, but that's part of a good security system, and we're just going to have to live with this until we get through the pandemic and come out on the other side. that's the bottom line? >> that's the word, so leave your mask on in the grocery store and just pay with a credit card and try not to touch anything, and if you do, wash your hands and then wash them again and then take your groceries home and wash them as well. >> we have had you on before on how many germs can be found on your iphone. you gave us all sorts of ideas. that's still very important, is it not? >> you know, my technique i think is the smart one, and it took me i would say only to do the story that did i realize how
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important it is, we swab the phone. it is about 16 times as dirty as a toilet seat, and if you think about how often we touch our phones throughout the day, it makes sense that when you go to the sink to wash your hands, that at the same time, you would wipe down your phone with a wipe, like a clorox wipe or something similar, if you are out of those at this point, you can spray a mild detergent that's epa approved for killing covid, on to a towel, don't drench your phone, wipe it down, leave it, wash your hands, dry your hands pick up your phone and everything's clean again. ashley: and do that every time you wash your hands, you know, just don't do it once a day. keep it up. >> true, true. ashley: all right, as always, great stuff, kirk, thanks for joining us, the cyber guy, thank you very much. lauren and susan, come on in. i want to check out this video which shows disturbingly how a
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cough spreads the virus. i think it was put together by a university in finland. someone coughs. i am assuming that the green blob is the droplets. if you are walking down an aisle in a supermarket or wherever, that's what you have to contend with, and that's why we wear masks, and that just kind of shows you those particles, how easily they spread over barriers and stick around for a while. what are your thoughts? >> that's further than 6 feet, isn't it? doesn't it look like it's like 20 feet because we've been told the viruses and germs spray 6 feet and that's why you need to stand 6 feet apart. this makes me wonder if i should stand further and not around anybody. ashley: lauren, it shows why we need to wear a mask; right? >> yeah, here in new jersey you have to wear a mask when you're going into a grocery store or any essential business. yesterday my husband went into a grocery store with the mask on,
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and there was a woman there with two children. none of them were wears masks -- none of them were wearing masks so a mask police officer went over to that family and suggested that they should wear a mask. it's at the discretion of the law enforcement or the store if they need to wear a mask. she didn't seem to care. my husband got annoyed by that. look at this savideo. we have been told to wear a mask. ashley: i had the same experience. i went to a supermarket and some of the workers weren't wearing a mask. someone was laughing about something. i thought about dr. fauci, how that laugh can project whatever, you don't know. wear a mask when you are out and about. >> you go to the grocery store, they have the sneeze guard that separates the cashier -- ashley: yes, they did. but it is kind of scary these days. let's get to this story, new
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york remains the epicenter of the virus in the u.s., but some feel good video of meals on wheels delivering food to new york apartments, this is how america comes together. you love to see this. it's america together as we try and help each other out to get through it. all right. now next, white house economic guy larry kudlow wants to pay american companies to leave china. how about that? coming up next, we will have a live report for you on that. plus, christian widen is here to react. we will be right back. with va mortgage rates suddenly dropping to near record lows, my team at newday usa is helping more veterans refinance than ever. the newday va streamline refi is the reason why. it lets you shortcut the loan process and
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ashley: president trump tweeting saying the white house press conference will take place today at 1:00 p.m. recognizing that it is good friday. so there you go. white house press conference at 1:00 p.m. time to bring in blake burman. larry kudlow, blake, has been saying that, you know, he would like companies to leave china
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and may offer some kind of incentives to do it. >> yeah, this was a new idea floated by larry kudlow yesterday when he was speaking to charles payne. trying to incentivize u.s. companies to get out of china and come back home, as the focus and talk has been how do we become less reliant on china, or you could essentially say this idea from kudlow would be subsidizing companies to come back home. here was the idea. listen. >> 100% expensing across the board, plant, equipment, intellectual property, structures, renovations. in other words, if we had 100% immediate expensing, we would literally pay the moving costs of american companies from china back to the u.s. >> so some might say ashley this is a good idea, get u.s. companies out of china, bring
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them home back to the u.s., but you have to wonder how the companies who are currently here in the u.s. might feel about their competitors, essentially getting a free ticket and much more to come back into the country. ashley? ashley: interesting stuff. blake, thank you very much. let's bring in christian whiton, former state department official. christian, the president says -- i'm going to switch gears a little bit here. the president says he will investigate the world health organization. he's threatened to freeze or defund who. what are your thoughts on that? >> yeah, i think it is a great idea to do that. it's long overdue. the who has been a complete joke throughout this pandemic outbreak, basically being a public relations arm of the chinese government, being complicit in their cover-up, using their talking points. you know, people like me have criticized the who for a long time because they refuse to include taiwan. that was at the behest of the chinese government. and frankly, i think if you do
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investigate, you will find a lot of corruption. the guy in charge of this is from ethiopia. he was part of a revolutionary far left wing some would say terrorist movement there. some say he's covered up cholera epidemics in the past. so yeah, this is another ineffective expensive u.n. instrumentality, and incidentally they are saying china's talking points. we pay all the money and we get very little in return. ashley: yeah, and with regard to china, we know that we can't trust what they tell us, and that kind of counts for the pandemic, the coronavirus as well. it appears that, you know, they were steering the who into a certain direction as you say, basically making the who a mouthpiece for chinese authorities what's to say that's not going to happen again?
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>> without reform, certainly it will. i think it goes back if you look at the u.n., where everyone is sort of equal, and everyone has one vote, even though some countries are certainly better at governance and better at freedom and better at transparency than others. not just the who. look at the human right council now also includes countries like china and saudi arabia among its members. i think you have to look at a model like the community of democracies, where free countries with resources are in charge of organizations separate from the u.n. and anyone can join up as long as they pledge to transparency. the minute they don't have transparency, they are out. you know, that won't solve all of the world's health problems, but at least it will defend the free world better than the who. ashley: and i do want to get your thoughts on what we just heard from larry kudlow a few minutes ago, basically incentivizing companies who have operations in china to get out and come back to the u.s. do you think that's got traction? >> i think so. it's a very creative idea
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frankly and glad to see him come around on the idea of moving u.s. business out of china. throughout the trade war he and mnuchin have been the laggards, they have been the fly wheel, if you will, on those who wanted to be more aggressive in moving trade out of china. you know, it is to allow companies to expense everything in one year, that's better than a handout, not necessarily picking winners and users, just declining to collect as much tax. i would rather see tariffs go higher and higher beginning with the critical supply chain instruments that need to come out of china. pharmaceuticals, we are very dependent on china either for pharmaceuticals, we design them here, they are manufactured over there. even the stuff the generics we import are made of ingredients that often originate in china. you can track this back when china was allowed in the wto, a matter of years after that, for example, that we stopped making
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antibiotics in the united states. focusing on the key vulnerabilities in our supply chain, first, but then biassing our trade away from china because we cannot trust them. ashley: no, indeed. all right, christian whiton, as always, thank you very much, christian. appreciate it. >> thank you. ashley: all right. let's get to lauren. news on your favorite sport, ufc? [laughter] >> i actually do like ufc, ashley. -- supposed to take place on next saturday, on april 18th. dana white, the head of the ufc lost the fight with disney and espn. fight island has been cancelled for now. so dana's proposal was i can bring the fighters i can bring the infrastructure to this remote island, if you will, a tribal reservation in california. i will get it done. don't worry about the shelter in place order in the state of california. well he has bowed down to disney and espn.
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they are still working on it, but it is not going to happen next saturday, ashley. ashley: all right. i think the island is relieved as well. lauren, thank you very much. the virus pandemic has caused a lot of things in our life to change. we all know that, including of course religious services. many families this easter sunday will watch church services virtually and see their families virtually. in the next hour, jonathan morris joins us to talk about that. plus next, even exercise is becoming virtual. maybe i could get into that. a performance lifestyle brand co founded by tom brady is now offering virtual workouts for healthcare workers battling the virus on the front lines. next we will be joined by that brand's ceo. stay right there.
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ashley: let's bring in the ceo of tb 12, john burns. welcome, explain to me, john, what the company is. i know that tom brady is one of the founders behind it. how are you helping front line healthcare workers? >> tb 12 is a health and wellness company founded by tom brady and his good friend alex guerrero. our business is centered around
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the lifestyle that tom has developed over the last 20 plus years playing football keeping his body healthy and performing at a high level. what we've decided to do as we closed our facilities in mid march. we decided to offer up virtual coaching sessions and workouts for people all around the country and most importantly for the healthcare workers and people on the front lines. ashley: how has that been received? have you had a lot of interest? >> it's been terrific. the response has been overwhelming. the amount of gratitude we have gotten from the healthcare community has been terrific. we're offering this nationwide, so we're offering it to people all over the country, simply show us your photo id, send us a picture of your photo id when you make your appointment, and we set you up with a 30-minute session with a tb 12 body coach, and we help people with everything from exercise and movement to nutrition to mental fitness and keeping us all calm and centered in these unique times. ashley: do you think -- well, talking of unique times, john,
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do you think this has changed people's behavior? they are being exposed to more things like virtual workout, to the point that when we get through this thing, these virtual workouts will continue to be popular? >> we do. i think you are seeing it across the spectrum with different businesses, but i think definitely consumer behaviors are changing. this is a long enough disruption in people's day-to-day lives that new habits are being formed. we have two pieces to our business at tb 12. we have a very robust digital e-commerce business where we serve information to consumers and products and services to help them when they can't get to our facilitiefacilities, but th part of our business are our facilities, where people work with us one-on-one. in the fitness world we believe we will see a shift, migration to some of the activities that people would do face-to-face to on-line. i think the future for health and wellness is going to be companies like ours that can
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serve consumers both in person but also remotely as well. i think that's going to be a big change coming out of this covid experience we're all going through. ashley: and how do you sign up for it, john? do you do a monthly subscription kind of plan? how do you go about it? >> that's great question. we have a variety of different things that we do. first and foremost, for people virtually, we're very fortunate at tb 12. a couple years ago we developed a mobile app. we have a mobile app that people can download for free right now. but then if you want to, after a free trial, you can sign up for a monthly subscription. when people come to see us in person, we typically charge by the session. so they get a one-on-one session. they come work out with us, and we charge by the session. for what we're doing for healthcare workers out there right now, usually what we charge consumers is $50 for a session with a body coach. but as i said, we're giving this to the healthcare workers out there at no charge so that we can do our part to help them really battle through what
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they're experiencing on the front lines and stay healthy and do what they can to take care of themselves. ashley: that is a terrific offer. we thank you for joining us today. thank you very much, john burns, ceo of tb 12. thank you very much for joining us. >> thank you, ashley, appreciate it. ashley: appreciate it. big hour coming up for you with lockdowns due to the virus, a lot of musicians and actors are now doing virtual concerts. in the next hour, actor don john schneider will join us on that. many families will be spending easter this sunday virtually. jonathan morris will join us on that in the next hour. president trump is laying out his plans to get america reopened again. the administration is aiming for next month. so what does steve hilton think about that? he's on the show, next.
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think what is happened is we will have a big bounds rather than a small bounce. ashley: check out the new fox news poll in regards to the coronavirus pandemic. 91%, registered voters are most concerned about the economic recession. that is not surprising 50% say someone in the household has lost their job or had ours cut because of the virus. joining me now steve hilton host of "the next revolution". great to have steve here. what do you make of those numbers and how soon can we really realistically open the economy. >> the numbers are frightening. if you look at what is going on in the job numbers, just as one part of this devastating picture. you are now talking about more than one in ten americans having lost her jobs in the just the last couple weeks. what we are doing right now, we can see it happening california worm speaking from and elsewhere
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in the country these really tight restrictions are certainly doing what they're supposed to be doing in terms of flattening the car, we see it working. the current approach is not sustainable, you cannot keep going like this, destroying small businesses, destroying people's lives, is not a choice between public health and the economy, because keeping the economy flat on its back for an extended . . . that has public health an implications meaning people will get sick, mental health crisis will rise, you will see people thrown into poverty, that's associated with lower life expectancy, what we have to do is find a way of figg the virus more sustainable, as they put it a few weeks ago, flat and the curve, not the economy. i think talking to a group of world leading epidemiologist where i live at stanford university and on sunday night on my show we will be putting forward a plan to do exactly that, to show better data and
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how you can precisely fight the disease in reopening the economy quickly and safely. ashley: it is interesting, a new report california has a possibility of months of social distance he. what do you think about. >> look we have to take some positive from what is happening. we were one of the first places, the literally in the bay area, san francisco bay area to have the state home orders, there is no question that it may be a blunt instrument got a lot of negative consequences in terms of people jobs and livelihood. but there is no question that it is actually worked. you see the way the case numbers have risen here in comparison to somewhere like new york, there is no crush on the hospital system here. things are under control, it's worked on its own terms. the problem is, the minute you lift the restrictions, the virus will come back.
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what were seen from the data it is so incredibly contagious, many, many more people have already caught it then the official number show. you need an alternative because you cannot keep suppressing it forever and ever. we have to find a way to fight it while it's having normal economic life resume. that's the challenge and that's what i think people are going to be very interested to see because we have new information, new data, new research shows the way that doing that is different from the current blunt instrument of the shutdowns. ashley: talking about the shutdowns in trying to enable small businesses in particular to survive during this period, yesterday we had democrats blocking the senate bill and wanted to add another $250 billion to the rescue package, democrats say no. i do not get it. >> it is so sickening. when i sell i cannot believe, what the republicans in mitch mcconnell was trying to do, something incredibly simple, new
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piece of legislation, it was changing the number on a bill that they already past, increasing the amount of money that goes to small business. the democrats used as an opportunity to try to get into the their own political priorities rather than getting the money into the hands of small businesses as quickly impossible. so sickening and these are the people, the democrats to go on and on about working families and how they love small business and so on. it is complete rubbish. next time you hear any of them say that you have to remind them of the sickening act where they tried to stop the money. the lifeline to small businesses just at the moment it was most needed. it is truly disgusting. ashley: it is, complete to quote you, you are absolutely right. stay right there i want to bring in edward. it is the perfect phrase. eve do not go away we got a come back with more politics. edward lawrence come on in. let's get an update on the aide to the small businesses, what are the latest numbers telling
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us. >> ashley, what might be rubbish for some small business owners is the big bankers accepting applications but not processing through the loans and were seven days into this this is being led by community banks and those things are putting up massive numbers. $150 billion worth of loans have been processed through small business administration, marco rubio says the sba's processing about $3.5 billion in our and there have been more than 585,000 loans written that's 585,000 small businesses looking for help in the shutdown, thoses written 34100 different lending institutions. the small businesses have 15.3 million employees, those employees who may have lost their job if this program did not exist or possibly runs out of money, it can cap that number in the big banks on their front are concerned about the liability they can have at the back end of this of the loans ended up being fraud. the community banks are
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regulated a little differently and that's where the big banks are taking their time to assess the small businesses as they go forward. ashley: something small businesses don't have in many cases is time. thank you very much. talking about big bank susan has news on j.p. morgan. susan: the 10% of the working population is unemployed. we sell the latest jobless claims in the past over the weekend and these will get worse according to j.p. morgan. they're predicting a 40% contraction in the second quarter when it comes to the economy. close to half of the economy will disappear in the second quarter of this year. that means unappointed will jump according to j.p. morgan, 20% that means 25 million americans are without a job and then compare that to the 1930s during the great depression. i look back at the top on a payment rate back then was around 23% back in 1933. this is in line with consensus. j.p. morgan predicting gdp to
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shrink to 40% in the second quarter, bank of america says it will string 25% and morgan stanley is looking for 38% contraction and we know things will get dire in the march - june. and that's what you need the government to step in. we have a moment of truth next week as earnings season will kick off, j.p. morgan and the big banks will world author numbers, they will be first and we'll see how that corporate america has been shaken by the coronavirus and guidance is key since we have pretty much locked in what we saw in the first three months of this year, how much of that has been impacted by covid-19. not much but the next few months that count. ashley: exactly right. i would imagine some pretty ugly reading next week for the big banks. thank you. let's bring back steve hilton. switch angles to the presidential race and joe biden desperately trying to appeal to the bernie bros, steve, can he do that.
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we've had other people beyond bernie's campaign is a not interested in joe biden as it stands. >> i think this is a double disaster provided because he is going to try to do it in in pursuing and shifting the bernie bros and shifting to the left as he's doing now and issue after issue, he shows he is basically weakened on principle. he does not stand for anything so is happy to go and chase the left and panic to them. the second problem that will not work, he will make himself look weak but not get them in the process because those particular supporters really believe in bernie's message, part of this movement, this incredible movement that he built is very suspicious of the democratic party and the democratic establishment. joe biden represents a democratic more than anyone else per he is the swamp into the bernie supporters will not go with biden because he is everything that they despise. they don't see that much difference between biden and
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hillary and all the things they've been fighting against for years. it is not going to work but it's when you make biden look weak in a principal in the process. >> quickly, could the selection of a particular running mate of biden may be at least win back some of the biden supporters, how important is that pic. >> i think there is only one pic that can really even go somewhat in that direction. that would be elizabeth warren. it's such a clear -- whatever else you say about her, she is so clear and coherent intellectually, she is a really clear set of positions and they are to the left of the mainstream. she is not as extreme as bernie sanders but she is definitely got a set of ideas that would appeal to those. if you pick warren i think that might go somewhere. a more single of the person being contemplated that would do anything. we will see if he takes that step.
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if he does pick elizabeth warren what it will show is that biden is not really in charge, he is basically surrendered to the left wing of the party, that actually weakens him in the long run. just before we go i want to say it was very lovely talking to you. thank goodness for that. should we let the audience into her secret that we grew up together, just miles away from each other on the south coast of england and we are here talking to each other on the nation's number one business network. ashley: i had the very same thought when i introduced you, i thought oh my gosh, we grew up as you say just literally one community next to each other and here we are, the most bizarre thing but terrific as well. steve, thank you so much. take care. >> thank you ashley, see you soon. ashley: thank you so much. time to bring in lauren with i
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irs. lauren: not only do you have an extra three months to file your 2019 income taxes, the irs is pushing back the deadline to july 15 for other taxes including a state trust and gift pass, second quarter next to me too tax payment and corporate partnership return. if you need money right now, you are absolutely encouraged to file your tax return asap so you can get a refund back, the average refund so far as of april 3 is over $3000, that is good news for a lot of people out there. the number of individual returns processed this for is only down about 6% versus last year. i think many people are still needing the normal april 15 deadline. ashley: whatever that is pretty good stuff. let's bring in susan. interesting story, the trump administration trying to make a ban on china telecom.
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>> we have the justice minister in the justice department stepping and then other federal agencies as well calling on the sec to revoke the license for china telecom. first was bp, the chinese telecom service and blocking access to suppliers in the u.s., and then it was on broadway which it probably still is on the u.s. trade black, thou china telecom there alleging that china might be playing a role in malicious cyber activity in the justice department has alleged they did not make accurate statements to the u.s. regarding the cybersecurity practices and this comes after bipartisan recommendation from chuck schumer and also across the aisle, saying you should look at china telecom and if a private practice on their own and how much government influence there is in the company. ashley: valid discussion points pre-thank you very much.
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>> oil today is not selling. what happened the virus knocked up 40% of the market and you know that, you know the number. 40%, there was a lot of oil but it was very controllable, all of a sudden they lost 40%, you look at the roads and look at what's going on, nobody is driving, there is no reason for it right now. if they announce a deal we can get it up, we need a minimum
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number so the companies don't go out of business so they will not lay off all of the energy workers. ashley: that was president trump on oil and the need for a deal to cut production, the white house releasing a new statement, what does this say. susan: the president trump did speak to vladimir putin of russia, the president of russia and discuss coronavirus maintaining stability in a global market. it's key since we had the opec plus teleconference, still a deal that would shape around 10 million barrels per day, they're waiting on mexico and an hour ago they said they would cut 100,000 barrels per day, some people are looking for 400,000 heroes under barrels per day cut from mexico they said 100,000 but in total if this is agreed to this will be the largest cut in history of 10 million barrels per day and an additional 500 million barrels per day could be withdrawn if others like the u.s. for instance steps up as well. it looks like norway and canada outside of opec indicated they
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would cut as well, is this enough because as i mentioned we have demand of 30% so you take it 50% of oil out of the market, that still is not enough to prop up prices when people are not using it, planes are being parked and people are not traveling or driving. ashley: that is the conundrum. thank you. let's bring in louisiana oil and gas association president gifford breaks. what do you want to hear from the russians and the saudi scope with cutting production of 10 million barrels per day. what are your thoughts. >> we are thankful that they are trying to take steps to stabilize the market. but 10 million barrels per day especially considering you're using that off of the saudi's increase production already is not going to be enough to offset the incredible demand destruction that we've seen globally because of the virus. i think the markets responded yesterday and you saw prices for west texas intermediate going
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down instead of the positive direction that we needed too so desperately here in wayzata. ashley: the problem is maybe you get a deal, there is a huge glut, we are running out of places to put it because of the demand distraction. even if they cut the production, this problem is going to exist for a while. >> absolutely. the challenges that we are seeing in louisiana because of the lack of storage, we have seen oil from a delivery not selling at $25 but selling at $10 a barrel. that is well below what are members indicated to us are necessary for survival and to breakeven. we surveyed our members and were expecting according to the result to see 70% of the workforce in louisiana being laid off from 23000 people and $2 billion in lost wages. ashley: that is very sad indeed. would you like to see the government come in and create a
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rescue package for the oil industry. >> we have been working with our delegation, our congressional delegation closely to try and focus in bringing on oil relief for the independent companies like field wood energy, trying to get those offshore royalty rates down or eliminated so they can withstand the downturn and pricing and keep those wells glowing. what we don't want to do is see wells shouted that we might not be able to bring back into production once prices do return. laurenreturn. ashley: was a breakeven price where you can say we can survive on this amount of dollars per barrel. what is that mark. >> is is different for each country, when we surveyed our members, the average price we got back was $37 a barrel. so we are a long ways away from that right now. ashley: the longer this goes on, i'm sure every day is making it that much harder for everyone in this industry to hang on.
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>> absolutely. once we go back to work, it is not like all of a sudden the 30 million barrels per day that we have lost our going to come back on. we don't know how long it's going to take for global confidence to return where people get on airplanes, where there ready to take a. on cruise ships. we need all the travel and that consumer confidence to be able to get demand back up to where we need it so the market is balanced and it is just not any indication that that is going to happen immediately. ashley: not immediately and they're not on an timeline at all. thank you so much for joining us today and clearly it's a very
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tough time for everyone but especially those in the oil industry as well. thank you for talking with ospreys we appreciate it. >> happy easter. >> yes same to you. thank you very much. let's bring susan back, the u.s. postal service now has a warning. ashley: everyone suffering, oil and gas, someone would say the postal service they are suffering for ten years and coronavirus is making even worse. so they want a bigger handout, getting $10 billion from the treasury stimulus package but the postal service says we need an extra $25 billion in emergency funding and 25 billion-dollar grant from modernization and another 25 billion in treasury loans, $75 billion. give us that if you're going to give the airline monies and boeing as well. we know 600 postal workers have been tested and confirmed on covid-19, 6000 have been quarantined but this is an ongoing problem for the postal service, not only unfunded liability when it comes to huge pension obligations that they have but people are not using the postal service anymore in the fedex and amazon are now shipping their own packages as well. this is an ongoing problem for the postal service and they think that they can lead $54 billion, who is going to plug the hole. they're reaching out to the government saying they need to
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do that. ashley: from bad to worse for the postal service. thank you. lauren, the president trying to help farmers is that right. lauren: , yeah, that's a key base when it comes to reelection as well. congress approved last month nine and half billion dollars to go to farmers so they can continue to stay afloat and feed america. the usda and secretary will soon figure out how to distribute the money. i know you're thinking we are constantly ordering food, we stocked up her fridges and our freezers, how is it that the farmers need help, the restaurants are closed, the schools are closed, the hotels are closed and they buy in bulk a lot of food from our american farmers. so they need help. ashley: we have video of milk being thrown down the drain because the demand has gone down believe it or not. that was a horrible video and you're absolutely right. many americans this weekend are moving their religious celebrations online, they have
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no choice. jonathan will join us later to react and has a special message on keeping the faith during these tough times. joe biden releasing his new plan to ease the economic burden on working people but how much will it really cost you as a taxpayer. we are on that story next. you wouldn't accept an incomplete job from anyone else. so why accept it from your allergy pills? flonase relieves your worst symptoms which most pills don't. get all-in-one allergy relief for 24 hours, with flonase.
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ashley: we've been talking about the airlines and maybe the help from the government now we have the news on the bailout. there has been $25 billion worth for the airlines but they have not received a penny. but listen to president trump he says help is coming soon. >> we just completed a meeting with the secretary of treasury steven mnuchin and secretary of transportation elaine chao on proposals regarding the airlines in the airline business. we are going to be in a position to do a lot to help them so they keep their employees and they save their businesses and that will be taking place, i think you can say over the weekend. >> help cannot come fast enough, we heard from the tsa saint air travel has dropped 96% and also capacity is cut by over 70%
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average across the major airlines in the u.s. and they are burning through cash according to the american airlines industry, maybe 10 - $12 billion a month. this is cash refund to those who cannot fight need to change their tickets and want their money back. what does that mean for headcount as we know thousands work delta saying they are allowing unpaid leave but these airlines have been suffering for the past month, however, with no outperformance this week, people are expecting some sort of release coming from the government and financial help. >> got it. thank you. joe biden rolling out some new plans. >> we can call it an olive branch to bernie sanders voters. this is the proposal coming from joe biden, the first one as we deal with the coronavirus you want to lower the medicare age to 60 from 65 in forgive student debt for federal loans for
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families that make under $125,000 a year and students attended a public university. so expanding healthcare and forgiving student debt to key proposals from senator sanders, now being endorsed and embraced from the democratic nominee. ashley: good time to bring in grover, the american for tax reform founder and president, and your reaction to mr. biden's many proposed tax increases, which by the way would generate according to his campaign three-point to trillion dollars over ten years. >> to give us some sense of what that means, hillary clinton was willing to admit that her tax increases when she ran in 2016 would be 1 trillion. so biden is more than three times as big of a tax hiker as hillary clinton was willing to
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admit. in addition to repealing all of the tax trump cuts, every tax rate would go up from where it was, per child tax credit would fall in half, the standard deduction would fall in half, he takes a capital gain tax for everybody and goes up to 40%. we have not seen that since the 1970s when we had such slow growth and cut in half then. with bipartisan support, joe biden is going to a tax policy to the left of what ted kennedy wanted in the 70s to the left of what hillary clinton was asking for an bernie sanders did not lose the primary, he won the primary. it is that joe biden is carrying his baggage, his policies of the left. >> it is interesting because he is being tagged as a moderate but i don't see anything moderate here at all into your
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point taxpayers at every level except for the bottom 20% would see a tax hike as you shall say capital games from 23 up to 40. corporate tax rate from the current 21 up to 28%, that's a very progressive agenda. >> is a very high tax increase. he takes all of the trump tax cuts away. we have a wonderful website, tax hike joe, tax hike joe goes through all of his public statements where he again and again, and again, in case you thought he slipped and said it once said he will take away all of the trump tax cut they gave us a strong growth before the virus hit and will bring it back again. he wants to bring us back, not just to the obama slow growth high taxes but to raise taxes even beyond what obama thought about and beyond what hillary clinton discussed and we haven't even talked about the energy
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tax, gasoline tax, carbon tax that he has said publicly he wants to impose. a carbon tax and energy tax and gasoline tax on all foreign energy, he has moved so far to the left, there was no room for bernie. why would you vote for bernie, biden bought into it lock stock and barrel. >> we will leave it right there but grover, thank you so much for joining us on joe biden's tax plans. thank you very much. this is interesting a new study shows more than one third of americans are in the process or planning to do a home improvement project over the next three months, fix the fence, fix the windows, fix whatever, here to explain the surge in home improvement. >> we are better than the home depot parking lot. already the spring planting season, you can see in the distance folks standing in line to get into the home depot,
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these are not contractors, these are deal why i folks, we talked to a number of them and we have pictures inside and outside the home depot, lines four days, apparently this has set off a boom in home improvement, critically dy i projects that is because were stuck in our homes, looking insane i needed to paint that ceiling, it has the water stain or i wanted to change the color of this room, it is ugly and i'm looking at every day. that sort of thing. the experts say this is what were doing, were trying to get control in our lives too. take a listen. >> i think you are going to home depot, going to lowe's, trying to find a way to give yourself some time to distract yourself from processing the information and what better way to do then invest in your house. >> if you are wondering who is actually doing this, you want to talk to somebody doing it, actually i am.
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i ripped the kitchen out of her house in philadelphia, i live half the time in philadelphia i have an old house, it was time to redo the kitchen but hate i had some time on my hands at home and so i did the demo. somebody pointed out to me that it's awfully fun sometimes to do the demo, it's putting back that is issue and i hope i'll be successful at that but the guys in the experts on the say a lot of people will start a project and then when the economy turns around they will say have to go back to work, i do not have time to finish and that's when they hire people to do work and that could be a bigger boost to the economy going forward. ashley: good stuff, will put out a bid to see who can fix what you fixed. jeff flock, handyman apparently. well done. the pandemic is preventing many
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americans from going to church this weekend but pastor joel stayed has something special in store on sunday. we will explain about that. next coming up next jonathan morris to share his message on how to celebrate your faith during these unprecedented times. we'll be right back. if you're a veteran with a va loan, one call to newday usa can save you $2000 a year. how? by refinancing at today's all time low mortgage rates. and best of all you can do it from start to finish without leaving the house. it's fast, too. with our va streamline refi, there's no income verification. no appraisal. and not one dollar out of pocket. our team is standing by right now to help every veteran who calls.
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>> we will have many easterners together in the churches in the future. why will he may be physically apart, we can use this time to pray to reflect and focus on our personal relationship with god. ashley: that was the president earlier this week on using this time to pray. let's bring in jonathan morris.
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what is your message on how to celebrate faith on these unprecedented times. >> as you know for many years i served in active ministry as a priest and serving in churches and i always struggle myself. it is a busy time for all of us getting ready for easter is a video a busy time. that is different this year. the quiet the good friday is supposed to be i remember as a kid my parents or make us be quiet from 12 - treat that jesus hung on the cross before his death, that was in preparation for easter. right now were living in solitude and isolation and living in quiet and perhaps this year unlike any other year that i can remember, we have a great time to accompany christ as he is preparing for his death and ultimate resurrection. also the jewish faith passover is when which we remember the angel passing number but people had to suffer in preparation for the great miracle of them being passed over. they had to go kill one of their
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liveock, they depend the blood on t post of their homes. there has to be suffering before there's light and resurrection. that's what we living today. ashley: it is a time like this where you draw strength from your congregation and because the worst thing about the virus, the very need for closeness and community is being prevented because we all have to stay apart. that's a very difficult time so can virtual services fill the gap. >> i think to a certain extent they can but what's the other option. do nothing. so i think it's definitely a great opportunity but i would say this. as a country, a percentage of churches when they were open was plummeting over the last 20 years. so maybe we would say churches are open i will go back what i want to. now we realize that is not an option. what a great reset button time for us to say what is life all
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about, what am i pursuing, with a professionally and personally and spiritually, where my going when the sultans, where do i want to be. i think it's a great time on a purely human psychological emotional level a as well as spiritual. reset button and start a new fresh. ashley: that's a good point, another angle as well, easter services when we don't have them as we traditionally do in the sense, could that lead to churches struggling financially. >> yes the economic factor in this for churches, some of them are going to get help supposedly from the help of the federal government and that's an awesome thing. but there is no income coming in and nobody in the pews, there is no income and just the investment that many churches, catholic churches, evangelical
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churches have investment, that is how they survive in the pensions for their workers, all of those things have plummeted of course over the last couple of months. so yes tough financial times for the church. ashley: we have to leave it right there but always great to see you. always a calming voice at the worst of times. thank you so much. let me bring susan back in, tell me about the food bank in texas between i want to show you sad pictures that we saw in san antonio with 6000 families aligning up, you see for miles in some of these families started lining up as early as 6:00 a.m., they were lining up at a food bank trying to get access to food and drive-through distribution outlets at the trader village on the south side of the city, this is the fourth distribution in two weeks, we had 25 tractor-trailers disturbing 1 million pounds of food and as you see, there is a lot of demand.
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demand for food banks is up 50%, donations are down because a lot of people are hoarding a second-home court dupe because they want to make sure they have enough food but apply for themselves. each family, you have 200 pounds of food, how long will that last, that depends, the near americas as is a shortfall of 1.4 billion in terms of the food bank and they need across america. we know jeff bezos donated $100 million worth but that is far short of what is needed. given the 10 million americans are out of work, 17 million, 10% of the working population, obviously there is a lot of need and a lot of hunger that america needs to fulfill. ashley: yeah they say picture is worth a thousand words, that is absolutely heartbreaking. a remarkable number of people. lauren, getting back to the religious side of things as easter weekend. you have news from joel osteen. lauren: this is more uplifting.
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today joel osteen will record the virtual easter sunday service and kanye west will make an appearance as well mariah carey, she is going to sing hero as a tribute to our nations healthcare workers who are putting their lives on the line to treat victims of the coronavirus and also tyler perry will give words of encouragement and as you know, he paid the food bill for so many senior citizens in georgia just a few days ago. so there will be joel osteen having a sunday service and recording it today. you can watch on easter. ashley: very good. thank you very much. coming up after the break, john schneider will join us live with a special performance, you do not want to miss it. stick around. awesome internet.
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ashley: all right, welcome back, welcome john schneider, actor and country music singer has found us, we worked out some technical problems, we have john, thank you so much for joining us. what do you think about all of these virtual concerts, are you lookinliking this. >> is a wonderful way to connect with people one-on-one.
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but now from my side, i cannot even see you right now but from my side it is not quite as exciting as being on stage, however, i think from an audience perspective it is probably the greatest thing that is happened in entertainment since elvis. [laughter] ashley: you think -- do you think we can still do this after we get through the virus. you think this will still be a method for people to listen to their favorite musicians. >> i think it will. before this whole insanity started, there was a couple of things online where we can do concerts, i would do concerts from my barn and i would do them live. a thing called stage it, we do things on our youtube channel and on our facebook channels, occasionally, again selfishly i
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miss being in front of a bunch of people and connecting with an audience outweigh but i think this is going to be a new very important part of entertainment from now on. i really do, i think it is actually quite wonderful. >> before using us into the weekend, i went to give an update on your wife, her battle with cancer. you were in the studio with her last time, how is she doing. >> she is doing fantastic. we continue to do our cdc oil and here's the deal, when we were on the show before, she had her second clear pet scan but oncologists are very hesitant to use the remission word, the r word until they are sure. my birthday was april 8 and on april 7 they use the r word. so my smile is officially clear on her pet scan and officially clear in full remission
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according to both of her oncologist, it was the best birthday present i ever got. ashley: that is terrific news. congratulations and best of wishes to your wife. now i would love you to sing us into the weekend. take it away. ♪ ♪ ♪ with one call to newday usa.
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[applause] ashley: we love to show you pictures of hope. that was a feel-good story to in the show in a married couple in south florida getting a heroes dispatch and leaving the hospital together after both
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beating coronavirus. terrific stuff. they have been married for 45 years and counting and there they go. they beat it. very quick programming, monday morning larry kudlow will be on varney, do not miss that. we are done for the show, take it away neil cavuto. neil: thank you ashley very much. great job as always. we are focusing on good news is the news of boris johnson has left intensive care in the hospital. of course the markets are closed today so we are showing you numbers from yesterday after the s&p 500 put in a strong week, the one with the best weeks we've seen going back to 1974. the big news that a lot of folks are focusing on in the new york metropolitan area are statements of governor andrew cuomo saying that we have seen a slight drop in icu admissions for the first time since all of this s

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