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tv   Cavuto Coast to Coast  FOX Business  April 13, 2020 12:00pm-2:00pm EDT

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of that, it is a stunning performance from andrea bocelli in milan. thank you, for getting us through the three hours. neil, it's yours. neil: thank you, my friend, very, very much. we are following a few developments that you are, stuart, latest warnings from the world health organization urging countries considering demitigate ssing go slowly, keep the public health in mind. the number of cases have ballooned to 558,000 plus in the united states. of course, the rise in deaths as well. some developments out of new york where we had a surprising jump in cases and or related deaths. but the fact of the matter is certainly the trend remains the trend in the big apple and new york state, well off highs. now the rule of thumb on this, folks, you got to keep this going for 14 days straight
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among, at least seven different other items that world health officials will look at, including the president of the united states before deciding at the end of this month whether to extend sheltering provisions or to start unwinding them n the middle that a bit of a constitutional back and forth whether the president alone can decide this matter. we have different reads of this. we'll get into a little bit on this, some say that the president is wrong, states ultimately decide on this. the president granted them power when and how far to shelter, then they have the power to decide when and how to deshelter. we'll get into that. it is a fascinating legal argument here, one might be a moot point if any of this progress we've seen reverses or slows, likely pushing back a timeline on getting everything back to normal. a lot of fast moving developments. connell mcshane on the latest developments. hey there, connell.
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reporter: neil, if there is agreement between the health experts around the world and to go slowly. world health organization officials will have updated strategic guidance published tomorrow for countries lifting controls in place and starting to reopen parts of their economy. with that said the numbers continue to go up in many areas and start to level off in some others. more than anything else we're trying to look at trends as much as we possibly can, just under 29,000 new cases reported in the united states and figures that calm in as of yesterday. that rate of increase of right side of the screen 5 1/2% is worth watching and the reason is, that rate has been going down, 5 1/2% rate increase as of yesterday. the day before it was six. day before that it was over 7 1/2%. if you look a longer term chart, this is when the term curve comes into play from johns hopkins, the you see number of cases in the united states is spiking extremely high
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rate throughout the month of march, once we get into where we are in mid-april. that is the encouraging sign officials are looking at, leveling off of that increase especially over the last few days. the cdc director reminding us all not to get ahead of ourselves earlier today, speaking whether or not we have reached a peak. take a listen. we're still not reached the peak but we're close. you are going to know, ainsley that we reached reached a peak e start going down but we're very close. the outbreak has stablized across our country. connell: stablized across our country. in other news we got confirmation from the navy that a sailor who tested positive for covid-19 on uss theodore roosevelt indeed died from the virus. nearly 600 sailors on that ship tested positive now. as we look at some figures overseas and try to figure out what if anything they might mean for us here in the united states, we are seeing, neil,
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similar trend develop. spain, for example a 2% rate of increase in its most recent figures, but the overall number may seem high in spain, the rate of increase, talking about the smallest daily rate of increase in three weeks. other european countries are starting to make small moves, number of them putting plans in place at least to start opening up parts of their economy or start easing a restrictions, put people back to work in some cases but almost all of those moves are quite gradual. all the countries will continue to have restrictions in place. i will end here, neil, where we started in our own area. the governor of new york, andrew cuomo continue as live briefing in albany for report is. he started to answer questions, just before he got to the q&a period, neil, he did at least start to outline his own plan for reopening new york state, talking about relying on experts and not politicians. talking about doing things slowly in terms of easing us out
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out of isolation. he compared to turning a valve, doing it slowly but surely. says a lot of this will be based on the ability to increase testing and final point he made moments ago, neil, he would like to have that reopening as coordinated on a regional basis as he possibly can. so he will be meeting with governors of new jersey around connecticut to talk just about that. back to you. neil: connell, thank you very, very much. to connell's point when what they look at is trends and something favorable look at increase in number of cases the increase going down. the case increase in this country over the weekend jumped about 19.6% from the prior weekend but the prior weekend it jumped 37% from the weekend before that. and the weekend before that it had jumped 66% from the weekend before that. this seems a bit monotonous here to illustrate the point, those
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cases on a percentage basis slid just in the last weeks from weekly increase at a rate of 66% to now about 19.6%. it is the trend that will be important to follow. let's get a read on that from dr. boez. you might remember him, a favorite guest from those on this shown he treated saddam hussein when we captured him. got a bronze star. serving longest combat tours for a physician in history. this man knows what he speaks, very, very brave in the process. doctor, let me get first your take what you're hearing on these numbers. are they encouraging to you? is it the kind of stuff that would justify, if they were to continue, a partial reopening of a country and an economy? what else would you follow? >> hi, neil, thank you for having me. you know, let's look at what's going on inside of the human body. essentially what happens is
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we're exposed. we create an immune response. we create antibodies in the form of igm antibodies and igg antibodies. you might hear that in future. right now our population is one of three groups, they're either susceptible, meaning they haven't caught it they don't have antibodies or else they are infected and they recovered and they have the igg antibodies and hope they are immune. when we look at these curves to answer your question, basically which of those three compartments are they in, susceptible, infected or recovered and if everybody is susceptible still because they stayed home, and then we open up the economy, they're going to go out, there will be another spike. i think there will be another
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spike. i think it won't be as large as the original spike but this virus is not going away. for example, a similar coronavirus, sars, we haven't seen that like in 15 years. -- [inaudible]. paths in china and we basically eradicated those paths. we don't have a similar way to -- looks like it is not seasonal either. the heat will not completely eradicate. i think they will be multiple spikes but will not be as bad -- [inaudible]. neil: what about this notion that it could be an 18-month, up to 1-month -- 18 month roller coaster of flare-ups? minneapolis federal reserve official who was fearing that. neel kashkari was saying, that tends to be your medical point, doctor, the history of these things, in this case it might be even more pronounced?
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do you then believe we all should be rolling out of this together or none at all? is there any benefit to a staggered deshelterring plan when those, let's say who do deshelter or ratchet things down, they're free to travel to the places that might still be sheltered, right? >> everybody has a different risk tolerance what they're willing to do and, but i think we have to not only think about ourselves, we have to think about others who we may infect. i don't think there will be one plan to draw everything out based on one city, new york, l.a., wherever we're at. everybody region will be different. tough understand which group you're in. are you in susceptible group, have you been exposed, infected and recovered with antibodies? when we have the testing available where we can see where populations are, then we can make calculated decisions
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because how do you know where you're going if you don't know where you're at? neil: well-said, well-said. doctor, thank you for your hard work. i know you don't get much sleep. we appreciate the fact i guess that you don't get much sleep. thank you again, doctor. meantime as the doctor pointed out it is a judgment call but it better be very careful judgment this occurs at a time, markets last week, ended strongly. not so much today. there is not a whole lot of clarity where we're going, after a big run-up last week. it is natural to get back a little bit. the confusion gets back, show us the light at the end of the tunnel. by and large we like the direction we're seeing. we're going into earnings season this is it our first chance to see exactly how companies fared. more what they're warning is going to be about this. so many, many companies have said that they simply do not know. if you think about it, already starbucks and ge, fedex are some
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of the bold-faced names said we have no way of knowing or gauging exactly any guidance for you because there is no way of knowing the exact hit globally that we have been seeing when essentially business stops across the globe. we're going to start getting first hits tomorrow when likes of jpmorgan and wells fargo and johnson & johnson, later in the week united health, bank of america. j.b. hunt transportation, many, many more. it will be one of those where people say all right, this is the first hint, the first telegraphing of an impact of this magnitude and its effect on companies. let's get the read from heather zumarriaga and phil flynn. i phil, i end with you, another wild card, this oil deal was supposed to be a cut in production, we're told $9.7 million a day by principle opec players and additional members, but the president said it could be as much as
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20 million barrels. do you know what is the real figure? >> what we're hearing now the saudi oil minister just spoke, neil. he is confirming what president trump is saying, that the cut in actuality will be much closer to just under 20 million barrels. when it comes to opec you have to be ready for fuzzy math, right? is not real production cuts but production cuts by opec under 10 million barrels a day. 3.6 million barrels from other opec countries. then the amount of oil we'll buy for the global strategic petroleum reserve. that is how they get to the number. the international energy agency is vowing to buy over 200 million barrels for the strategic global reserve. that means every country in the g20 that is part of this club is going to be kicking in buying it. they're taking that as effective production cut, taking oil off the market, putting it away for a rainy day.
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the u.s. has been talking about buying oil for the strategic petroleum reserve. that is put on hold until the congress gives empty money to do that. more than likely that will happen in one of the new stimulus bills that are coming down the pike. neil: heather, you know, phil mentioned the stimulus bills, now this extra 250 million they're looking to lock down for so-called paycheck protection program, did any of them make a difference to you, federal measures, big as they are, in the scheme of things, for you? >> oh, my god. of course they make a big difference at the end of the day. we're trying, i think, the big banks need to get loans out faster. the government is doing all they can at this burn rate i think of small businesses asking and demanding for these loans, over 800,000 loans thus far. i believe over 200 billion has been moved and processed by small banks and community banks. this is what needs to go out to
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companies to keep american workers employed. 17 million unemployed thus far. it is just heart-breaking. so i think we're looking at round two of another paycheck protection program to small businesses that needs to be passed. now is not the time for partisan politics in washington. neil: on that, heather, just to buttonhole that, the argument schorring up, adding to the paycheck protection program it will mitigate number of layoffs but those filing jobless claims by millions here. i'm wondering if we're at 70 million americans who filed for jobless benefits, what is the top you see, assuming this 250 billion gets in, on top of 360 billion already in the package, on top of relief checks, federal checks, federal
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reserve backstop what do you think. >> is that question for me, neil? neil: it is, heather, i'm sorry. >> i mean the kansas city fed estimating 47 million job losses. that is a staggering number. hard to even comprehend something like that, since we're already at 17 million though, you look at jpmorgan, for example, estimating 40% hit to gdp. unemployment as high as 20%. and that seems to be a pretty conservative estimate across the board, it doesn't seem too out of line. a few weeks ago, just over a month we had unemployment at record lows and wages rising. this is heart-breaking. we need to keep as many people employed as we can in the private sector. the government is doing all they can but we need to reinvent ourselves, figure out ways to do business differently. brooks brothers is making masks. louis vuitton is making hand sanitizer. general electric and ford making
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ventilators. there are ways companies and americans and individuals can reinvent ourselves to be service to the public in these dire times of need right now. neil: phil, real quickly, why isn't oil reacting dramatically up to 20 million-barrel cut a day? is it feeling offsets weakness in demand and doesn't even address that? >> well i think, they're looking at it as a break even. make no mistake about it it is not what the oil market is doing today, what would have happened we would see the prices crashes. the market is well off the lows we saw last week. once we start to see any signs of demand coming back it will help. neil: all right. guys, i want to thank you both very, very much. meanwhile this back and forth debate not only when we open, but who has the power to decide when we reopen and where. the president says everything stops with him. so if he says everybody back in
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♪. neil: all right. it's the big question, when to reopen, when to ease up on the, you know, sheltering provisions that have been in effect now and are to be in effect through the end of the month? then the question how will you go about that? blake burman following this back and forth very closely and i guess it created a bit of a constitutional debate whether that's the president's call exclusively or governors? anyway, where does this stand right now? reporter: yeah, neil, there are a couple things to look out for as we begin the week here in washington this monday afternoon. first off the very question as to potential reopening the economy, when that might happen. how do you go about doing that? the president, suggested earlier this morning, essentially that it would be his call as to when that would happen and not necessarily governors within the states or local officials within the states. this was the tweet from the president earlier today in which he said, quote, it is the decision of the president and for many good reasons. with that being said the
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administration and i are working closely with the governors and this will continue, a decision by me, in conjunction with governors and inputs from others will be made shortly. however the constitution, neil, says that neither the president nor congress have authority to regulate for things like health, safety, welfare, or morality within a state. president trump as you know has been touting his relationship with governors all across the country but something to watch for in case certain governors feel it is best to eventually go in a different direction than the cdc and presidential guidance. when i asked larry kudlow, vice president mike pence in recent weeks, they suggested that the federal government would provide guidance essentially the states would follow thereafter. secondly we also heard from the president, neil, last week he would make a decision this week as it relates to funding for the world health organization. here is what i can tell you in speaking with senior administration officials earlier this morning. the funding options as it
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relates to the world health organization still being gathered at this point so they can present the president, officials can with options what to do with funding. the head of the world health organization earlier this morning said that hopes the president doesn't cut off funding for that organization. listen here. >> and what i know is that is supportive and, i hope the funding to w.h.o. will continue, and the relationship we have is very good and, we hope that this will continue. reporter: neil, they're gathering information so that means of course i'm told that no decision has been made on that front as well, athlete of yet by the president. neil? neil: thank you, blake, very much.
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sir very good to have you back with us. where are you, congressman on this, it's the president's call, it's the governors call, whose call is it? >> i think president gives guidance, governors make the call. i'm pretty state's rights guys but i think what they're saying the president will issue guidance in conjunction with the governors. neil: if the president says i want us to slowly get back into business, a couple of states like new york or or new jersey, don't think that is wise, they're not inviting a congressional onslaught, impeachment fight, constitutional fight if they simply say no? >> they actually, you know, it's interesting, you know, the justice department stepped into the church issue just at the end of last week. if that particular area i think the federal government has some say where there is constitutional right being
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violated, for example the right to religious assembly and things like that. the governors though ultimately make the decisions on you know, when their businesses are open and closed. neil: congressman, you were among the first to criticize the world health organization and its links to china. you had tweeted why does the u.s. fund an organization that serves the interests of the chinese communist party? now we've been hearing from world health officials of late saying we're going to keep the focus on combating this virus. the president separately talked about, i know you talked about revisiting our funding to the world health organization. i guess what i'm asking you is now the time to do that in the middle of fighting this thing? there will be plenty of time for investigations, no doubt, commissions looking into what the president knew, and when he knew it, who knew and what knew
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it, is now the time to do that? >> yeah, i don't think we are limited in our abilities. we can multitask as a nation and as a government. so i think clearly addressing our, looking into what the world health organization is saying and then their connections with china is important to the on going fight of the virus itself. we need to make sure that what the world health organization is saying is not some, you know, propaganda for the chinese. clearly it was at the beginning. they, even on the 14th of january they were saying no human-to-human transmission, when china knew in december, taiwan was announcing it in december. so we need to make sure that everything that comes out of the world health organization going forward is actually accurate. so i think it is important, as a part of the fight against coronavirus to know what's truth coming out of the w.h.o. neil: congressman, thank you very much. and for your service to this
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country as well. much appreciated. be safe, be well. all right, meantime we're hearing about how we go about this dewinding, demitigating, i know it seems overused phrases here. governor cuomo says he wants to speak about a coordinated reopening, a plan with connecticut and new jersey governors, so-called, tri-state governors, including new york, new jersey and connecticut and that they might have a coordinated response. new jersey and new york cases are by far more extreme. new york number one. new jersey number two in both cases and deaths. at least they want something for the tri-state area that would be consistent and speaking with one voice. this is the president says, whatever i decide in the end of this month, that is my prerogative and that is the president's sole power. some of these governors seem to be saying, yeah, but we're here too. after this. if you're the spouse of a military veteran,
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neil: we've been monitoring new york cuomo and what he thinks right now. we'll get to the smithfield story and how it affects pork prices. governor says we're succeeding controlling the spread of the virus. appears the worst is over. we continue to want to be smart going forward this occurs at a time hour 1/2 from now he will look at joint response or joint plan with his counterparts, the governors of new jersey and connecticut, not only where they stand in their respective cases and or deaths but also a coordinated look how they might eventually unwind these stay at home provisions been pretty much the rule for 94% of the country and in about 43 states in this country including all but three i just mentioned. now to that video you have been
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seeing of smithfield foods. ever since a number of workers there tested positive for the coronavirus, there has been talk about whether to shut the plant down entirely, maybe deactivate it for quite some time, or, or, look at the long-term impact it will have on pork and related prices. anyway, jackie deangelis has been following this very, very closely because this aberrant event in the middle of the country is getting people thinking, wait a minute, this will hit grocery stores all over the country. jackie, what is the latest. reporter: absolutely. it is a tough situation for smithfield to be in, neil, they said as a matter of fact they will cease operations at the south dakota plant because hundreds of employees tested positive for the coronavirus. the governor actually wrote to the company over the weekend to cease operations for 14 days so those infected can quarantine properly and so that the plant can be disinfected as well. think about it this way, the plant employs 3700 people. it is a hot spot for this state in general.
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293 employees have the virus at the plant. it has only got730 total state cases. it is a significant portion. they tried to close a few days to sanitize. it was not enough to make that effective. health comes first. you have to think about this, neil, will this harm nation's meat supplies. this supplies 130 million servings of food per week that comes from this plant. that is 18 million servings per day. a usda spokesperson sent oust a comment not on smithfield specifically but on the state of affairs right now, saying quote, the food supply chain is a critical industry in the united states and secretary perdue fully recognizes the need to keep workers and inspectors safe during the covid-19 national emergency. usda recognizes and supports the efforts of private industry and companies to maintain operational status of their
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facilities while also maintaining the safety and health of their workforce. so obviously, neil this, is such a challenge for so many business operators right now. the hope across the country is that other suppliers and vendors can make up the shortfall. for smithfield, while it does san ties and quarantine for those 14 days. neil: all right, jackie, thank you very much. jackie deangelis. we told you a little bit earlier about this tri-state pow-wow coordination in the new york metropolitan area involving the governors of new york, new jersey and connecticut. what might be ancillary to that, but not ancillary to some of the players directly involved what is happening to their local economies, particularly housing. there is a report that new jersey home sales could fall up to 45% in this environment and that home prices there, this is in the garden state could be headed to up to 12 to 15% hit. owners might need to discount up to 20% to move their houses. now i hasten to add there were
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similar predictions right after financial meltdown a couple of decades ago, or one decade ago where there was one concern it would last. it did indeed get very bad not quite up to that magnitude. although up to the higher end. some of those customers would tell you otherwise. who better to bounce off this right now, barbara corcoran, real estate gospel genius. barbara what do you make of that? those are pretty severe figures. that would indicate more than a slump. that is close to a crash? >> those are beyond crash figures, frankly. i can't imagine who made those predictions. i don't believe them at all. i want to know what exactly they're based on? did they give you any data on that, neil? neil: this is new jersey real estate perspective. >> who knows, that is just their opinion. let me give your opinion. my feeling about the housing
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market will be totally dependent on two, probably three factors. one is the job market. if joblessness goes up to 20%, all things are off. particularly first-time home buyers, they will get out of the market immediately because they will have no means of buying also the middle market which has been the most vibrant market the last year. that is leading the band. if the stock market crashes, then the high-end market crashes along with it. it always trails behind the stock market crash. if there is not a rebound there, then the high-end real estate will also suffer. people still go on and people still need houses. you have to remember that we skipped the entire spring market t never happened. the whole market got frozen. buyers were not able to shop, brokers were not able to show, appraisers could not appraise, so basically we froze our entire market. the best case scenario might be, when the spring comes, if people
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feel the virus is behind us, that is confidence game, we could have explosion of prices as spring market makes up for lost time. that is as much of a possibility as those dire estimates that you read a few minutes ago. neil: all right. we got more on that. this is from crain's new york business which flesh this is out a little bit, that home sales in the state of new jersey, second only to new york, could fall, prices could drop as much as 12%, quoting the president of otto evaluation, they're big in new jersey area, talking about real estate valuations, accurately predicted the meltdown 10 years ago but this notion that it could lead to panic sales, that is something that did happen 10 years ago but then alleviated. let's say we get to a panic sale environment, what would the prospect be after that? i guess it depends on stimulus. comeback from the virus and everything that has been made to
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alleviate the number of cases. then what do you say? >> when sellers panic, they remove their homes from the market. in fact that is with we're seeing a bit right now. 30% of the homes taken right off the marketplace. they didn't reduce their prices. when sellers typically panic, they do not reduce prices, always trail way behind the reality. who panics are the buyers. they start playing hardball, making very low offers. then sellers eventually, if it lasts long enough, six months, eight months, they have to come around to the buyers point of view. but that takes a lot of unraveling to happen. panics don't happen overnight and they don't happen on the part of a seller because human nature of it is, a seller believes their home is different. they don't really have to reduce the price. their kitchen is a little better. that silly logic can go on for a number of months until the buyers just refuse to buy but picture how dramatic that situation is. i don't think we're going to see
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that. remember we had the most vibrant market up to march. we had interest rates at record lows, likes of which we have never seen. we had two buyers for everyone starter house across the nation. it is going to take a lot to totally make us a left-hand turn, to have these dire predictions come true. i don't see it happening. neil: all right. well as a new jersey resident i hope you're right, how's that? >> [inaudible] neil, your own house is going to go down. neil: that is good to hear, i guess. thank you very much, barbara. i always get. it is as you in the eye of the beholder. to barbara's point, there is something unique to new jersey around phenomenon there, high-end, low end, remember about the deductibility in terms of taxes you can write off, et cetera, et cetera. this may call come into the mix. a perspective is everything and a comeback as barbara pointed
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out from just the virus, just the feeling we're over the worst of it. could change a lot of minds. we shall see. dow down more than 439 points. more after this. . and sometimes, you can find yourself heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward. avoid sick people... and touching your face. there are everyday actions to help prevent the spread of respiratory diseases. visit cdc.gov/covid19. brought to you by the national association of broadcasters and this station.
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neil: the battle this week over that $250 billion in extra stimulus they want coming their way to beef up the small business administration loan and grant-making capability here. so it won't be so easy, but a lot of people think it will get done, whether they have add ons in the democratic house and make this more expensive. that could be at case as well. charlie gasparino has been looking into the whole $2.2 trillion stimulus or relief package and a lot of people are getting a little antsy that it looks tilted toward big business and well to do. i think that was the gist of it.
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charlie, what do you have? >> that's it. the fed is easing like crazy, doing all sorts of measures that prop up the wall street economy, the banks. i can tell you small businesses, still at least according to my sources, i've been speaking with small business lobbying groups over weekend. small businesses haven't gotten checks from the ppp, that 250 to 600 billion-dollar chunk of change. banks are getting tens of trillions of dollars in stimulus. small businesses are getting maybe 600 billion. they're not even there yet and the checks are not there yet. amid all this what i'm hearing from a lot of wall street guys, particularly guys known as restructuring experts, vulture investors, they will have a smorgasbord of companies to pick from, pick through, basically that will be filing for bankruptcy, that are going to need restructures, investors take huge hits. that does drag the economy down
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but also helps build it up but in the end businesses recover. they're talking a pretty bleak picture for the u.s. economy. they talk, part of the problem is, neil, so much of corporate america was indebted before this happened. there was huge amounts of leverage on balance sheets. you have a massive black swan coming at you while you have to deal with leverage on balance sheets, to remake your business and the ones that i'm hearing that are going to be the business lines, these are sectors of the economy, key sectors of the economy that will face most restructuring at least from it these people, remember one view, this is what these nice get paid to do, restructure stuff, they're talking about energy, entertainment, casinos, consumer and, anything consumer and retail and travel age businesses. i think that is huge part of the economy as you know, neil, and if those sectors face widespread bankruptcies, you could see you who the economy could, you see how we go from recession to
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something much worse. again, just one view. there is a lot of stimulus being pumped through the system. the federal government is hoping that maybe the $2 trillion and probably do more after that, will be enough to stop things, stop the cascading effect but there is going to be behavioral changes on the part of people, consumers that will impact all of this stuff. one fascinating stat that i heard over the weekend, neil, the stated price of oil, i think it is something like $22 a barrel, i haven't checked it today, that is on your screen, the futures price of it, is not the real price of what oil is actually selling at per barrel. it is actually something close to 10 or $6. people that, oil companies are actually selling their excess inventory at such depressed levels that number doesn't really comport so what does that mean for the oil industry? that means that, you know, they're going to lose a lot of money that means there will be bankruptcies, that means restructurings. you get what i'm saying here.
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banks hit with loans that can't be paid off. this is where it gets really squirrely. the money hopefully being spent smooths this out. the people get paid for a living looking at this stuff, vulture restructuring experts that the u.s. economy is ripe for their business the next couple months. we'll see how it goes. obviously don't want that to happen. i'm just reporting what i'm hearing and again, you know, some of this has to do with the type of stimulus that is out there, tens of trillions of dollars for wall street, you know. we're fighting over two trillion around 300 billion going to small businesses and most of that money hasn't gotten out there yet. the small business part is really confusing, neil. most people think it is the sba involved and if, there is two chunks of money, 10 billion from the sba, i think checks got mailed out last week. there is that other 350 billion and maybe, if congress passes it, another 250 on top of that, that the banks administer via
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treasury rules, that money has not been given out yet and it's, it is striking. on one hand no one has ever done this before, throwing trillions of dollars getting passed through in a matter ever weeks. on other hand, it is just, money not getting to small businesses. it is really hurting the economy right now. back to you. neil: all right, charlie gasparino, thank you very, very much, my friend. before we get to my next guest, an interesting little side note, deaid coming their way, major airlines are getting really pummeled with american airlines down more than 7%. delta down about 6.%. united and southwest at 7%, 5.3% respectively. there are concerns here, even with this help, and again there are not a whole lot of bunch of strings attached here but airlines expressed reservations about some of the aid but it might be in response to the slight uptick in energy prices, jet fuel prices are a very big
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part of their overall cost or might be the realization, this doesn't get away from the fact that they have sidelined 1/3 of their planes, about 1700 planes. they might say even with this help it won't dramatically change our prospects anytime soon. but that is a very noteworthy fall off here but something encouraging is going on here. a lot of these companies are finding other sources of things to do, to help out. you heard what 3m is doing and gm is doing and ge is doing making everything from masks to ventilators. i want to introduce you to this next guy who is going way outside of the traditional business model, more of the charity model to do some good, some real good. his name is frank cellar, tunnel to towers foundation ceo. he lost his brother steven seller. he helps build homes for those
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in the military and for those who died in battle. this is a way directly to get aid directly to health care workers and already you have raised millions. how does this work? >> well, first of all, thank you for having me, neil. i've been on your show on 9/11 and a few times, you had me on as a guest and thank you for letting me always remember my brother's memory. the tunnel to towers foundation, we have been doing sufficient for military and first-responders. first-responders and health care workers running in there every day to protect us on this battle against covid-19. we're delivering ppe supplies, primarily masks and gowns, it is so important. we're going all over the hospitals here in new york. we're feeding all the ems, emt workers, paramedics especially those who came from parts of the country to help us here and here's a very important thing that we're doing.
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those who die on the front line of this battle, leave behind young families, we're making mortgage payments for as long as money we're raising lasts. we started 3 million. we're up to 4 1/2 million dollars already because of the kindness and goodness of america. i got a couple things here. i got conor mcgregor and his company, proper 12 whiskey company donated a million dollars last month to us, did another 100,000. they're selling shirts for us here. one for all shirts with his great logo on the back, the tiger logo. every penny coming to us but we count on $11 a month from your viewers there, go to tunnel2towers.org, donate $11 a month. all the money go to help the great front line health care workers. neil: referred to ppe, referring to personal protect sieve equipment, something workers badly need. >> right. neil: you have a covid-19 heroes
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fund s that separate from this, frank? how does it work? >> yeah. this is the money that is coming in, $11 a month, tunnel2towers.org. we have the covid-19 fund going to money for that. woe took $3 million out of the foundation to start it, we raised another million 1/2. we want $10 million. we need to raise $10 million. we raised $12 million during sandy and delivered $50 million worth of service to our community. we can do with $10 million we can do so much good. there is such a need out there. i get a call every day from different hospitals that are waiting for masks and gowns and we're going to deliver them because of the goodness of america, your great viewers. neil: you know, i'm thinking of your brother stephen, and what you went through, i didn't realize he was youngest of seven children and how startling that news had to have been. and i do remember, you know, the
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firefighters, those who were put in harm's way. it is a little different this go-round where a lot of it is health care workers on the front lines. they are, those emergency responders, today. it is an emergency kind of interloping here of history, isn't it? >> it sure is. a lot of death on 9/11 and there is even more now mere in america. look, we better take care of these health care workers that are willing to die for you, neil, and die for me. this is our mission right now, tunnel to towers, to take care of health care workers. all over the united states. we're packing trucks up to go to chicago, to go to detroit, to go to washington, to go to maryland and other hot spots. there will be other hot spots we need to take care of. so, yes, it is different. these are our front line health heroes today. although many, many of our
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first-responders are coming down with covid-19 and given their lives during this tragic time. america will come through it there is no doubt in my mind. we're getting, we're coming together like we did after 9/11. we want to make sure, i see some beautiful things happen, neil, so many people helping their neighbors and helping the elderly. so many people are dying by themselves. you can't even visit when they're in intensive care unit. i have. neil: a lot of good things are, a lot of good things are happening. we'll keep track of this, frank. you're doing the lord's work here. continue doing it, my friend. somewhere your brother is smiling down on you. thank you very, very much. to that point we're getting another good piece of news here about companies trying to help out. we told you about amazon looking to hire 75,000 additional workers to keep up with demand. papa john's, set to hire 20,000 to keep up with demand. keep up with us after this.
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to keep you safe. and for even greater peace of mind, all carvana cars come with a seven-day return policy. shop now and get up to 90 days to make your first payment. check out carvana-- the safer way to buy a car. neil: all right. we said this many times, show me some progress on the coronavirus and i will show you some progress at the corner of wall and broad. it has nothing to do with stimulus, nothing to do with relief, nothing to do with the $250 billion in extra money they are looking to secure this week
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for that paycheck protection program. it has everything to do with finding light at the end of that tunnel of this virus that has claimed so many lives and the number of cases that continue to rise. nationally, 9.6% in the latest weekend. in new york, the new york area, 17.6%. here's what's interesting about the increases in cases, though. as alarming as they are, and alarming as they continue to be, they are running at a lower rate weekend in and weekend out. for example, in new york, about a 17.6% increase from the prior week, but the prior week was up 32% from the week before it. and about 52% from the week before that week. so as you can see, still alarmingly high numbers but getting smaller. that's one thing the governor of new york, andrew cuomo, was talking about, this favorable trend and declining hospitalizations, even if the more lagging indicator, tragically deaths, remains stubbornly high. david lee miller following it
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all in new york with the very latest. reporter: we heard from the governor again just a short time ago and he said that on easter sunday, 671 people died from the coronavirus. he described that as terrible news, but to put it in perspective, it was less terrible than the previous 24 hours, when 758 people died. the governor underscored that the curve continues to flatten, in his words, it is reaching what appears to be a plateau. in total, though, more than 10,000 new yorkers have died from the coronavirus and the governor said that is now three times the number of people, more than three times the number of people who died during the attack on 9/11. he said moving forward and restoring the economy would be what he describes as a delicate balance, and he said this afternoon he would be meeting with the governors of new jersey, connecticut, pennsylvania as well as other states to try and come up with a regional plan.
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>> this is a time for smart, competent, effective government. nothing else matters. i want to make sure that we, the people of this state, we did everything we could to the best of our ability, and the optimum is a geographically coordinated plan. reporter: new york city, the epicenter of the virus, also got some good news from mayor bill deblasio a short time ago. trending down, the number of people admitted to hospitals with the virus. the number of patients in city hospital icus, also moving down, the people who are testing positive. the i is it city is expanding t focusing on low income neighborhoods. one doctor in queens says the emergency department is exploding with coronavirus patients of all ages. to try and further reduce the spread of the virus, the governor is now signing an
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executive order that says all employers have to provide some type of face coverings for essential businesses such as pharmacies and food stores that are still in operation. lastly, worth noting, the governor meeting this afternoon again with the governors of nearby states, to come up with a regional plan. we will get an update on that meeting at 2:00 this afternoon. back to you. neil: david, thank you very much. david lee miller following all of this. in the middle of all of this, for those who are following the financial impact of all this, this is first quarter earnings season right now. we are starting to get and will get certainly this week and next week and the weeks to come, the first report card on the first three months of this year from companies, some of the biggest names, largely financials this go-round as we get things going with the likes of citigroup, u.s. bank, citizens bank of america, wells fargo will lead off. by and large, depending on the industry, depending what has been telegraphed, it's the
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guidance part that analysts will follow. most of them expect the numbers will be awful, awful. what they don't know and a lot of companies have said in the past, we have no way to sort of get guidance for you because we don't know ourselves. maybe some clarity comes, the consensus it's always risky since no one really knows we will have big declines across the board this quarter, maybe 20% to 25% but again, you are hazarding a guess. let's get the latest from lauren simonetti to break down what's at stake. lauren: you know, i actually heard as low as 57%. that could be the hit when all is said and done with these first quarter report cards. start with the good news. that is that the market last week, broader market was up 12%. we are coming off the best week since 1974. when you look at the major averages today, yeah, they are down but the perspective is key here. also, as you noted, we are bracing for the first earnings season ever under the coronavirus. nobody knows what it looks like.
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we will know more tomorrow when we hear from jpmorgan as well as wells fargo. three themes to look for when it comes to the banks and their reporting. the number of delinquencies, especially by small businesses but also big businesses, too. can they and are they paying their loans. mortgages, look, interest rates are so low right now but you have potential buyers sitting on the sidelines, realtors not showing homes, applications to buy homes down four weeks in a row. interest rates are near zero. that erodes banks' ability to profit from lending. comments from executives are key but they are going to be clear as mud here. nobody knows when this economy is going to reopen and what the recovery looks like. they are going to try their best but nobody knows. we have heard from about 300 companies already pulling their guidance, including general electric, starbucks and fed ex, pulling their forecasts. the other big story today, aside from earnings, is the price of
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oil. it's a bright spot today. it's up a little bit. of course, this is a market that's been down more than 60% this year. opec plus and russia deal taking a record 9.7 million barrels a day off the market. okay, that's good news, but when you look at demand destruction, it's clearly not enough. the daily use of oil for the energy information administration is at a 30-year low right now and quite frankly, we are running out of places to store the oil. some are saying in the industry that within 60 days, they will run out of places to store it. so energy is a bright spot today but as long as we don't go places and businesses aren't operating, you got the demand shortfall kind of ruining the oil deal we did get. neil: yeah. think about it, these gas prices, ridiculously low. 24, 25 states right now have under $2 gas. a lot of people can't take advantage of that.
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lauren: we go out to drive sometimes, we don't go anywhere, we just drive. neil: exactly. you see the prices but you can't seize on that. that and the low interest rates and all that. that is really the conundrum for the country right now. where you can take advantage of historic lows in rates and gas prices, but it just ain't healthy for the time being. we stress and hope just for the time being. edward lawrence looking at how washington wants to grease the skids for the comeback by providing $250 in more support for the so-called paycheck protection program. apparently it's proving a lot easier said than done. lot of squabbles back and forth. we heard those before. edward, how realistic is it to get the done this week, or is that too ambitious? reporter: that's something the administration says is going to happen. they did -- whether small business wants a loan, they will get a loan but this program could be out of money by next week.
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we'll have to see how it goes forward. the demand, though, for this program, the payroll protection program, has been enormous. there have been small businesses that have gone to community banks, hoping this money can bridge the gap between where we are now with the shutdown and when the economy finally reopens. those community banks from day one have been leading this process. take a look at these numbers. $215 billion worth of loans being processed through. in fact, the small business administration is 120,000 loans away from one million loans being written by more than 4500 lending institutions. some big banks today started processing through their loans. small businesses have been frustrated with those big banks, slow to get money for the help related to this. in fact, they started to complain to their representatives about it, and the representatives, the lawmakers are watching closely the actions of those banks. >> well, i think it's working but it can work better. a lot of the banks that were not participating in those first few days, you saw the president even calling out some of those big
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banks that for whatever reason, weren't helping their local customers. so more people have figured out how it works but for those banks that got in on day one, they are accepting a lot of applications. reporter: and the senate majority leader mitch mcconnell still trying to negotiate a deal with democrats to be able to get more money into that program one way or another. on another front, neil, the senior treasury official telling me that the irs has now started depositing direct deposit checks to those eligible americans. this is the direct stimulus under the cares act to americans. the official telling me they are hoping to have between $50 million and $60 million directly deposited into checking accounts by the end of wednesday. those paper checks will start to go out a week from today. back to you. neil: edward lawrence, thank you very much. what difference will that make when americans can get their hands on those checks? a lot of them will be disbursed
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this week, by wednesday quite a few of them. that's an area i want to take up with nancy davis, quadratic capital chief investment officer. thank you for joining us. what do you think people are going to do with that money? >> well, we are americans. we love to spend money. i think it's just a question of when we could be let out of our house to go buy and make purchases. i don't know about you, but i feel like i'm using walmart grocery and amazon way more than i ever did, and i'm jumping out of my chair to be free and go spend some money. i think at the end of the day, the u.s. economy is resilient. obviously this is an unknown time but we will get through this and it's just a question of how long it's going to take. neil: i think you are exactly right. history proves we get through it. again, it's the time frame that's in question. let me ask you about that.
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what do you think it will be? i know everyone hopes sort of v-shaped recovery, just bounce back strongly. i don't know how likely that is, if people are afraid to fly, certainly reluctant to hop on a cruise, maybe get in a crowded theater or eating establishment. i think that comes back in time but it might take some time. play that out for me. what are you seeing? >> to me, it seems like, you know, goldilocks and the three bears right now. it seems, you know, given the massive rally that we had last week in equities, it was the biggest rally if 45 years, as lauren mentioned earlier, it seems like we might be out of the woods right now. but the truth is we have just gone into the bear's cabin, to use that analogy of goldilocks and the three bears and soon we will find out if the policy measures, both monetary and fiscal, with the checks being sent, whether it's too much, too little or if it's just right.
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neil: you know, robert shiller made some news on housing but much more than that. he said just the fears around the pandemic could create their own economic freeze. he was talking about the economy slipping into a recession or worse based on just the fear. do you think that's right and what would it take for americans to sort of calm down? i would imagine progress on the virus itself go a long way but your own thoughts? >> i think the only data point that we can possibly look at is before world war i with the spanish flu. i think the reality is, our economy is wildly different. technology is wildly more advanced. even the amazing call we are having right now online, even though we are all working from home, is just a point in the right direction of it's no longer henry ford, if you think
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about after the spanish flu, the assembly lines were only a few years old in 1919 and so i think technology has put us so far where sure, it will take a little while to switch on and turn the economy back on, but i also think we are in a much faster-moving environment and we can see that from the volatility that we have had with the market move on the way down as well as on the way up last week. neil: you're right. if you can indulge one more question, it concerns coming back too soon from the shelterrishelte sheltering provisions. you mentioned the spanish flu, 1918-1919. i covered that. not really, i just wanted to see if you were paying attention. this is quite interesting. everyone wanted to get back to business, there were the equivalent of sheltering provisions, not nearly as sweeping as we have today, in various cities, not even states
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across the country. st. louis stuck to very strict sheltering provisions and strict rules about public gatherings that were very similar to what we see today. philadelphia wasn't one of those cities, and cases reignited in those cities or communities where they didn't, you know, they got happy too soon. do you worry about that? let's say we all get back to work after the 30th. what are the risks there? >> i mean, obviously this is more of a health care system issue, whether our health care system can sustain an influx of people. i think we are talking about flattening the curve, we are talking about not creating a burden on the health care system. i think the reality is the models have been wrong, nobody really knows, i mean, it's obviously horrible that we have had so many mortalities around the world with this global pandemic but the reality is that the models were overestimating,
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at least fingers crossed so far. i think turning on the economy with certain businesses, certain places, especially when you can work remotely and there are people who are risking their lives right now with those must-have businesses. it seems kind of unfair for some of us to be sheltering in place and other people in the economy tab taki to be taking a chance. personally i feel we should turn back on slowly, with prudence, but really get this economy going again because think about the health care ramifications of people not getting colonoscopies or mammograms or cancer is the biggest killer in the world and all of these quote, unquote elective procedures are all being halted because everybody is so hunkered down ready for the virus. i think it's kind of giving preference to one health care
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crisis which could create obviously economic issues but also a whole bunch of other health issues that we might not be thinking about right now that we will see the ramifications in a couple years. neil: you're right about that. nancy, thank you very, very much. to nancy davis's point, when you start calling a lot of heart procedures and those that need stents or something that isn't, say a heart transplant or quadruple bypass, those are considered elective procedures, you get a little anxious for someone in that kind of plight, what to do. we were mentioning earlier, too, on this broadcast before we go to break, talking to barbara corcoran, real estate guru, sort of pooh-poohing this report that show the garden state, new jersey, could see home prices collapse as fear grips the market. she dismissed that saying a lot of those fears were similar to ten years ago and they weren't realized, although a good many of them were realized, as it lasted quite some time.
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now freddie mac that backs up a lot of housing-related loans and issues, is saying the housing market is facing right now its greatest challenge in over a decade and that despite what freddie mac says will be continuing trends with low mortgage rates, about 3.3% for a 30-year fixed, likely going to 3% next year, yet even with that, an unprecedented challenge for housing. more after this. i've got some terrific news for veteran homeowners from newday usa. interest rates have dropped to record lows. newday usa makes it so easy to refinance that one call can save you $2000 a year. newday's va streamline refi lets you refinance
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neil: welcome back, everybody. can he or can't he? we know the president of the united states wants to decide on what he says will be the most difficult decision of his presidency, that's probably an understatement, on whether to slowly begin reopening the united states economy. he says that it is his final call and governors with whom he's working in concert might not like certain things but it's his call but is that right? a reading of the constitution doesn't necessarily gibe with what he said but a guy to knows it inside and out is andrew napolitano, we call him the judge and bow to his expertise
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in this area. so judge, great to see you. what do you think of this? the president is saying no, i decide, governors fall in line. what's the real deal? >> well, the real deal is that these decisions involving health, safety, welfare and morality and business transactions are local decisions so the president can cause the cdc or department of homeland security or department of health and human services [ inaudible ] into issuing guidelines but he's utterly without authority to open or close businesses. let me tell you what the president can do under the constitution. the president can close international borders, which to a certain extent he's done, and he can open them. and he can close and he's not done this, interstate borders. so he could, for example, close the george washington bridge or lincoln tunnel going between new york and new jersey. but he cannot say to governor
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cuomo you must allow the financial community to start operating and by the way, let the florists start selling flowers again. he can make that suggestion but he's utterly without the authority to cause it to happen with force of law. neil: so i have been reading this lawfair blog, popular in legal circles, and the writer goes on to say congress could choose to effectively displace states' quarantine power but they can displace their traditional police powers when it acts pursuant to its enumerated power even when exercising preempt state law determination. so if it's deemed in the greater interest, that's my quick interpretation there. what do you think? >> i haven't read the piece to which you refer, but just trying to extrapolate from your summary
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of it, congress can do a lot of things that the president can't, but the way the congress legislates for health, safety, welfare and morality, the area of governance reserved to the states under the constitution is [ inaudible ] to repave the interstate 80 but you got to lower the speed limit as a consequence of that. we, congress, don't have the authority to order you to lower the speed limit but we can bribe you to do so with cash. that's the way congress usually gets involved in local matters. so congress would basically have to say to mayor deblasio or governor cuomo we want all the florists and all the banks and all the restaurants open and we are going to give you cash with which to do it. cuomo can reject [ inaudible ] but congress and the president
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are without authority to venture into this strictly local field. neil: all right. we will see. there's a lot of back-and-forth on this, judge. it's in the eye of the beholder. judge andrew napolitano. we will have a lot more on this because the legalese is a little all over the map here. again, the president saying he has that prerogative, has that power. a lot of the governors, three of them in the new york, new jersey, connecticut area, will meet at 2:00 p.m. to give their take on what they dwould do in their coordinated response to whatever is happening nationally, whether it's in sync with what the president wants to do, whatever that ultimately is going to be at the end of the month or not. their call, they say. just their call. more after this.
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neil: all right. this joint governors' call is
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apparently going to be more than just the governor of new york and the governor of new jersey and connecticut. also in on the call will be the governors of rhode island and delaware, maybe more, but again, we will get an update how the call went or what each learned from the other or the coordinated response each and all might be planning at the top of the next hour. so we will keep you posted on that. also keeping you posted on all these folks, especially college kids right now, who have had their whole year stopped and right now, they are saying you know what, you stopped classes, you stopped everything, we want refunds. apparently it's not going to be that easy, though. gerri willis has been following this fast-moving story. hey, gerri. gerri: hey, neil, that's right. college students at the university of miami and others saying online learning is no replacement for bricks and mortar on-campus experience. they are looking to get money back after campus closed due to the covid-19 pandemic.
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it's not likely to stop with these institutions. more than 200 change.org petitions online seeking financial help. here's what students are asking for. rent reductions or forgiveness. pro-rated tuition reimbursements for the months lost at school. one girl was asked to leave her campus in gainesville, florida that she and her parents still have to pay rent on the empty apartment. they are reaching out to governor desantis for any kind of relief. listen. >> it's very frustrating, shelling out over $1,000 a mo h month, you know, and not getting any help or any sign or any hope for help. we are just really anxiously waiting. gerri: neither arizona nor the university of miami responded to
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our requests for comment but drexel said this. drexel has not had an opportunity to review the complaint and as a general policy does not comment on matters in litigation. meanwhile, roy willey who is representing students in miami and philadelphia, says these universities should not be held to a different standard than any other american business. >> students have contracted for specific services and access, and they are not receiving it. as a result, they are entitled to some refund and reimbursement back. universities are not exempt from the pandemic like every other business across the country. they have to also tighten their belt if we are truly all in this together and it's not fair for them to pass the full burden on to students and family. gerri: already college students have gotten a helping hand from congress, with the cares act, which offers them a six-month break from payments and interest on loans but only federally held
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student loans. now, some universities are already making financial accommodation to students, but for those who are not, the attorneys we are talking to say hey, check your mailbox. they could come any day. neil? neil: all right, gerri, thank you very much. gerri willis. have you ever been through this whole crisis trying to get groceries online? good luck with that. not even in getting the order but getting any food sent to you. amazon is already saying that starting now, it's going to stop accepting new online grocery customers. we have seen it next to impossible for customers over the instacart and a host of others to answer your call to get groceries delivered to you because there just are not any available booking times or delivery times. so this fellow in long island, a college senior, home because of the whole virus shutdown, came up with an idea. how about i set up something to
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deliver groceries to folks in the long island, new york area? his business has been booming. he's got five drivers right now to capitalize on the demand and he's having trouble keeping up with just that. talk about one of your intuitive, innovative young leaders of tomorrow. joe, it's very good to have you. how's business now? >> can you hear me? neil: i can indeed. can you hear me? >> yep. just to correct you, we were at five or six drivers about a week ago. now we are at 20 just on long island. it's crazy. we posted on indeed two nights ago, now we have 160 applications for drivers. so it's really been growing like crazy. i can't thank chris enough. he's been helping me with the marketing promotions, p.r. help. he's the best in the business. shout-out to him. neil: so what made you come up
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with this? obviously you heard maybe with your neighbors and friends getting groceries delivered is next to impossible. how do you do it? >> right. so i was in my bed, third day i was home from getting sent home, and i was really upset about my senior baseball season getting canceled, my senior year of college being cut short, and i was tired of feeling sorry for myself, so i kind of thought of this way that i can make some side income and help my community out, and that was to do shopping, right? my mom had this kind of idea, people really need shopping done. i kind of worked with that like yeah, people aren't going to go out so i kind of made this instagram page and took a week to get my marketing done and my branding done and i had my first customer, and every day, i had one more and i just reached out
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to local businesses to promote me, and they did. and newsday which is based in long island, found my story and published it and my phone has been blowing up since last tuesd tuesday. i have been working on getting as many drivers as possible because my goal is just to reach as many people as possible, as many households as possible. neil: all right. where do you go to get the food that customers are ordering? >> right. early on, i was working on, you know, trader joe's, bj's, costco, stop & shop, shop-rite, but now i'm really designated to stop & shop and shop-rite, based all of this whole tristate area. there's no long waits to get in and checkout is actually very quick, very efficient. so we can kick out so many orders in one day instead of going to costco, there's a 20, 30-minute line. same for bj's and trader joe's. we have been focusing on going to these stores and dishing out
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as many orders as possible. neil: i think you charge 15% fee and who is buying from you? is there a typical customer? when they hear about you, you are obviously a godsend. who is doing the buying? >> first of all, we are at 15% and we are making a website, smartshop.com, so we raised it to 20% so to start our funding for that. it will be ready in a week to a week and a half. so the people, our customers who reach out to me, it's really a large demographic. it could be 20, 30-year-old mothers or fathers and they are either getting it for their children or calling for their parents who are in their 60s or 70s who have more of a risk of getting the infection. so it's been a really large scale of people but it's really been people in their 30s and 40s at an average. neil: interesting.
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you know, does your mom ever call you up, while you're out, son, we need some eggs, we need some milk? anything like that happen? >> it's funny, so my dad is in love can cowith costco. he loves going to costco twice a week. he does the shopping for us. i would have no problem doing it but we go to costco to get our stuff. my dad is literally in love with costco. that's why i don't do it for my house. neil: finally, this is something that has potential after this whole, you know, staying at home thing ends. you might have an interesting business model here. >> yeah. you know, it's crazy. so if we are going to have, you know, 200 drivers, 250 drivers signed up and they are dishing out two deliveries a day and we take our royalty, we are looking at $3200 a day in revenue. that's just with our website launching. other interviews, people have asked me do you think you will do this after you graduate. i'm graduating from may.
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you know, if enough people want to use us, this business, absolutely. i'm really looking forward to the future. i'm really looking forward to just doing my job every day, waking up in the morning and helping so many people out. but this has so much potential. i have had so many business inquiries contact me already, kind of mesh businesses and get a little more commercial. i definitely see that for the future. but right now, my focus is just getting to as many households as possible so people can stay at home and not go out, not get the coronavirus and let us do that job. neil: not bad. a good undertaking. we wish you well. i have the feeling i will say i knew you when, joe. thank you very much for joining us. best of luck with this. >> thank you. neil: all right. novel idea, right? by the way, if you eat too much with the groceries that you get delivered to your house, you will have to work out, you will have to exercise. tony little, the tv fitness
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personality, on the trend you might not be seeing people ordering all this exercise stuff. (announcer) carvana's had a lot of firsts.
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one call can save you $2000 a year. neil: you know, there are a lot of novel programs, fund-raising ideas to help our health care workers. there is one particularly aimed at nurses that stands out. hey, eric. >> hey, neil. how are you. this is a really unique program. it started with the love between two sisters here on staten island in new york city. one sister watched her sister work as a nurse and wanted to do something to help her and her colleagues. they are struggling against the coronavirus. this is what she and her husband sal came up with to help and it benefits two groups hit hard by the pandemic, nurses and local businesses.
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they decided to raise money for both. they asked people to buy gift cards from local establishments like restaurants, beauty parlors and spas that had been hit so hard by what's happening. well, then those gift cards will be given to the nurses when the crisis is over. they call this go in your purse for a nurse. in a few days, wouldn't you know it, they raised more than $7,000. >> i really wanted to do it for my sister's hospital because that's, you know, that's where she is. then when i started seeing the response, i'm like oh, wow, we'll be able to do all the nurses in the hospitals and then when it became bigger, i'm like oh, my god, now we can do, you know, the other two hospitals on staten island. then i mean, from this, it's snowballing. reporter: the american nurses foundation in washington has a charity arm called the american nurses association. they represent the country's
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more than four million registered nurses and have other programs, too. they give money directly to nurses who, for example, have been infected with coronavirus. the foundation's chairman told us the outpouring of support from our fellow americans means so much. >> we have been just overwhelmed with the amount of support and encouragement that has come from ordinary citizens and from corporations. hungry to go thansay thanks, les know they are there and anxious to do something for them. reporter: if you want to help, go to two of these sites. the nursing world.org/foundation. if you want to reach loreen, go in your purse for a nurse. she hopes that idea, going to businesses that have been closed because of the pandemic, buying gift cards, she hopes the idea
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will spread across the country, saying that basically anybody can do it but she would love to hear from folks who certainly want to help and it is a great thank you, gift cards for both. neil? neil: yeah. it's got a nice ring to it. thank you very, very much. in the meantime, you heard about how many in washington including the president, including congress, are looking into the world health organization's relationship with china and whether it's healthy or on the up-and-up. now there's a movement on the part of the chinese to say wait a minute, this is a good relationship, close relationship, nothing untoward going on here. let's get the read from the china learning curve author, so much more. dan, where do you think this is going? obviously the chinese rushing to china's defense amid calls we will defund or try and take money away from the world health organization. what do you think this is telling us? >> well, you know, i think we are just at the very beginning of this issue. there's much more to learn.
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exactly what we need is another point of contention between the u.s. and china but there it is, we have it and i don't think it's going to go away any time soon. not just the w.h.o. and china but so many countries have been caught off-guard with this. maybe the reaction hasn't been ideal. to a scertain extent, the w.h.o can say we made some mistakes and they made some big ones but there's no question, questions are going to be asked about the political relationship between the w.h.o. and china. did the w.h.o. just overlook the issue of transparency or was it somehow politically complicit? we don't know yet. obviously some people are alleging the second and china is trying to defend itself but we need more information which i think will come out eventually. neil: you know, china is still considered a developing country, though. i'm wondering, getting that kind of treatment gives them all sorts of advantages, right? >> yeah, absolutely. i mean, look, i have been doing business in china for 25 years. i have seen experienced american global companies make acquisitions in china that they
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have to write off nine months later because due diligence is hard in a country where the rule of law is weak and transparency is not common practice. so i could see w.h.o. personnel simply not digging deep enough, not asking enough questions, which raises the issue, maybe they need new guidelines, new work methods, if they are going to really help the world stop the spread of pandemics but again, keep in mind, the united states donates a lot more, contributes a lot more to the w.h.o. than china does but there's other types of political influence and people are going to be asking those questions. the w.h.o. is going to say we made honest mistakes. others are alleging otherwise. neil: indeed they are. dan joseph, thank you very, very much. we will follow that very very closely. following what you are doing at your home as you are sheltered away there. you know, tony little, the fitness personality, so much more, i bet he wanted me to do this interview on an elliptical but i chose not to because we are both coming from different locations and he doesn't know. but he has a message for all of you sitting at home.
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get up. walk around. he's next. edward jones is well aware of that. 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.
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neil: i don't know what you're doing at home right now. tony little is here, he doesn't want to see you sitting down,
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doing nothing. his energy is contagious. he has good humor. he is trying to remind people that you can be doing constructive things, looking after your fitness and all of that, sequesteredded away at home. tony little, tv personality, best-selling author. good to see you. how are you holding up through this? >> i am doing great, neil. thank the lord above, i'm doing really well. that is why i own that, you can do it, because you can if you believe you can. neil: it is contagious. i was looking, trying to do my homework on you, a lot of people who now are forced out of their gyms, gyms are closed a lot are buying gym equipment, treadmills, ellipticals, all that. what do you think of that? that is not too shocking? tony, can you hear me? >> yes.
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sorry i missed it. neil: i apologize. a lot of people are buying gym equipment for their homes. and apparently in record numbers. so i wonder if they ever return to the gym after this or they use their home? >> you know what? i think people like to get out to get a workout in. i used to go to the gym as well once in a while to be out of the house. i'm sure people are going to want to get out of the house sooner or later after 30 days. there are some things you can do in a house to get exercise. i have couch fit, chair fit, floor fit, dance fit. anything. that you can do. yeah -- neil: if you don't have this expensive equipment, i'm sorry, tony, if you don't have that expensive equipment, but you want to use a chair or couch, i remember that in the days, when i was a kid, my mother used to watch jack lalanne. >> he is awesome. neil: what do you do? >> yeah. you can do sit-ups putting your legs up over the couch. get a great ab work out.
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or full body squats on a chair or anything. these are the simple things. weights, right? set of dumbbells, you can work every part of your body. you don't actually need all the exercise equipment and all the big stuff. it is nice to have, especially in the cardio area. like your elliptical. neil: there you go. there you go. what about walking? i see a lot of people, depending on the community they're walk being outside, getting fresh air what do you think of that? >> i think it is good for everybody to get out. it is good for the mind. you always feel better after a work out, always. you have to get out to do something. i've been riding a bike with my son down the street early in the mornings. probably one of the greatest experiences i have been missing for a long time. neil: there is something to that. a lot of people get depressed when they're indoors, whether exercising or not. they might find escapes as you
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said. i get the endorphine thing and gets you souped-up when you exercise or go outside, a lot of them are getting tired of this and it is wearing on them. what do you recommend? >> you know what? i'm tired. i'm tired of being here for a long time because i'm a hyper guy. i just recommend you stay the course, you know. it is better for all of us if everyone stays the course, stay in the homes, stay shape, thank the lord above we have time at home for once. when this is all over with, go for it, go for your dreams. neil: people with medical issues, forced to be at home, how do you advise their fitness routine, what to do? >> that's a hard one you're talking about medical issues which i'm no doctor. i'm an exercise guy. i would say simply they have, listen you have to move whether
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slow moving, medium moving, fast moving, you have to move. your body is american to move. your flexibility, everything about your body you have to take care of, no matter what adversity you have. neil: do you ever find a lot of people that were ordering in, we had a fellow delivering groceries to homes. there is a way, free advice to you, tony, you can combine the food and exercise thing lying, did you know, instead of curling weights you could be curling subway sandwiches, something i came up with. i want to pass along to you as an idea. are you open to that? >> i am, using foot long or six-inch? neil: foot long, foot long. in each arm. >> 250, 300 calories. neil: there we go. this is free advice, if you want to mark it it, there you go. keep well, my friend. >> thank you.
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neil: you're a god send to a lot of people. you're all right. >> our a adversity to victory guy, so everybody knows it. i'm proud at you. neil: back at you, my friend. you're the best. where is the subway sandwich, andrew? tony little, thank you very, very much. he is the original again win article. as is this fellow charles payne. hey, charles. stuart: neil, thank you very much. good afternoon, everyone, i'm charles payne. this is making money. it was classic v-shaped retracement. what happens now? president trump saying it is reopening the economy it is the decision of the president for many good reasons. as the country moves forward for reopening the country, i ask my guests what they think the

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