you got? lauren: i have two half bakes and a half baked with peanut butter and i can't remember the name of the other. stuart: real fast susan? >> i'm stocked full with ice cream. stuart: okay. ashley we got time for you. ashley: don't know what it is but i'll eat any ice cream. [laughter] neil: why not ben & jerry's. stuart: they're socialists. tell them. neil: delicious. all right, stuart thank you very very much stuart varney on that and now his ice cream, i feel like i know him very well so we've got that and we've got a market rally going on here and we were up better than what 600 points for a while now about 375 and a lot of this is boeing coming back here, big time, in in fact it accounts for about a third of this on the notion it's going to resume commercial jet

production next week. now we don't know which ones are going to be built but we just know for boeing which has had rapid troubles over the past year and a half or so to say nothing of the virus shutdown here, but this is welcome news, certainly for the markets and of course the biggest advance today is gilead science drug that is showing promise, or could be effective against the coronavirus, it's out there a number of other medical concerns that are also involved in the hunt for a vaccine or a treatment and there are a variety of them out there half a dozen is coming up here and i will explain a little bit later but it's what gilead is doing that's getting a lot of attention as we stressed so many times here regardless of the stimulus around the virus, what will really move the markets and connell:ly proven to be the case is progress on dealing with and/or treating the virus so this

gilead news is big news in need, jackie deangelis on that and much more. >> jackie: there's optimism in the market today to close out the week, and yes, since the highs in february stocks are definitely lower take a look at some of these numbers, the dow lost just under 20% s&p down 15% the nasdac also 12% and since those bear market lows we are seeing green. you can see the dow is up almost 30%, the s&p 26% and the nasdac up 25% so in some ways it's a tail of two markets here but you mentioned the gilead trial and that's really important today too, optimism about the coronavirus about treatment for it and there's so much out there that this drug trial gilead has been doing might be effective and the university of chicago did a phase iii test that showed test patients saw rapid recoveries using the treatment but it looks like those results were leaked. gilead is not actually commenting on this , and the danger with trials of course is that they are incomplete and

in conclusive and trials, but still, taking this as a sign of hope that things are going to get better that something could be on its way and that would mean we could get the economy going a little bit faster as well and that's what the stark watch is for but as you mentioned there are at least 21 other companies working on therapy, vaccines, treatments and there is also in terms of how stocks are performing are different with double-digit gains and then stocks that are trading lower in the red, but we've digested some bad news this week, jobs, 22 million people out of work, retail sales , saw that plunge, larry kudlow this morning saying yes, second quarter is going to be pretty awful and may is a transition month which you know what the market has priced that in and they actually like the honesty in terms of how the timeline is going here and how things are progressing, neil so you can see we're trading up 368 points on the dow. neil: well they are definitely looking for promise and at least

they're working on multiple possible treatments there. that's good enough certainly for the markets for the time being. we'll see if it pans out jackie thank you very much. jackie deangelis. let's get the read from the former human services secretary under president trump he joins us right now, secretary good to have you. >> thank you. neil: we don't know much about this particular drug from gilead but we do know that others are working on similar remedies, i could go on and on. what do you make of what you're hearing right now, sometimes to get to fruition and past clinical trials it could be many months up to a year, no way of knowing but what do you think? >> well this is fascinating because what we're watching right now is the research and development of new drug or drugs playing out in public, which the public never sees. this isn't an exact science. it goes in fits and starts and i think it will give folks an opportunity to gain a much greater appreciation of the challenges that exist but

it's going to be a long process. there will be a lot of setbacks and folks need to be prepared for that. it's important not to get frustrated and that patients in cooperation in all of this in terms of the infectious disease is the buy word. it's incredibly important and that's not necessarily the strong suit for a lot of folks. neil: you know, when we hear a company likemoderna is getting $483 million separately for a virus vaccine under development, how does the government make those calls or what does it see from your days running, how do you see this looks promising, this looks like it might be worth some government help to push it along, how do you decide that? >> well an incredible amount of work goes into that. that money is coming through the nih, the national institute of health and scientists are looking at all of the studies going on in realtime are over

and over and over and when they identify something that they believe shows significant promise, then that's where they put resources because those resources are obviously finite, and in moderna's case,ni h obviously sees something that demonstrates to them that there may be promise with a vaccine through that company and consequently they're putting greater resources, resources that have been brought to bear on this , on covid-19 are really important for the american people to appreciate because what that means is that there's going to be a whole lot of opportunity to look at more and more treatment options and vaccine trials that need to go forward, because we don't get to the end of all of this until we have a high quality treatment and/or a vaccine that will make it so that folks have immunity to it, so again what folks are watching is just the normal routine process of scientific development, research and development of new medications, new drugs coming online, but

it's being played out in public, in a way that we've never seen before. neil: you know what's interesting, let's say that you come up with a vaccine, to your earlier points and interviews as well but once that happens then you've got to get it out to the public and now it can mass produce a vaccine, if this particular vaccine is working to the tune of 600 million doses come next year , but that means the vaccine is out in this particular case, but then you wait for the company or companies involved to mass produce it so it's quite a multi-stage event isn't it? >> it is and we see that frankly play out every single year with the normal influenza, the flu vaccine, every fall there's a new vaccine that comes online and the work that's been done in the prior-year to figure out what's the best way to formulate that vaccine, and then there are millions and millions of doses that are produced, so

that we can be safer, as it relates to influenza which again continues to be a severe challenge for not just the united states, but the world every single year, so vaccine companies, sanofi and others clearly have the capability to produce hundreds of millions of doses of vaccines once we determine the one that is most effective for the coronavirus, which i think we will. i think that will come. this is not something that the coronavirus is not something that's absolutely new. this is a new kind of virus but it's not a new family of viruses , but remember that we don't have a vaccine yet for the common cold which is a coronavirus. neil: right. >> some viruses allow themselves the opportunity to make a vaccine against, some don't and that's what this science is that we're watching in realtime played out in public. neil: as a doctor and going

beyond your days in congress and running health and human services, do you feel that it's inevitable even though it might be economically important, that when we get back to unwinding some of these stay-at-home provisions that there will be a spike in cases? that that's unavoidable? >> well i don't only think it's unavoidable. it's actually the natural course of a new infectious disease. the first step in all of this is mitigation which is the physical distancing that we're undergoing and then the next step is the detection, the testing to make certain that we know who has it so that you can then trace that at those individuals and the people that they came in contact with and then treatment and then prevention of the vaccine, but in that process , obviously, you're going to, there are going to be some false positives, some false negatives and again this isn't an exact science, and so there will be individuals who believe that they have immunity, who the tests have shown have immunity, that will likely get

infected, and then you'll have another potential for another spike, and that's the normal course for new infectious disease, so would not be unusual in fact we often anticipate that and again that's why i said patients and cooperation is absolutely the key because that's what's required of a population in order to get through a new infectious disease. neil: secretary, thank you very very much, good catching up with you and learning a few details about how this will rollout when it does come to that, so as we already know that the president has already said in his reopening plan for america that the governors will eventually be calling shots and some of them are doing it in the large groups in new jersey, connecticut, rhode island et cetera and out on the west coast, california and oregon and washington state and now in the midwest with the likes of ohio and wisconsin and michigan et cetera are kind of joining forces to see how they would respond collectively

as a geographic group to all of this , and grady trimbul following all of that from chicago. reporter: neil the president encouraging each state in the different regions of the country to work together, but in the midwest in particular , there's growing frustration, there have been many protests of people calling for the rollback of those restrictive stay-at-home orders and today in minnesota in just about an hour there's a protest planned another one planned in kentucky and also one expected in missouri early next week. of course these protests follow that massive protest in lansing, michigan as thousands of people showed up in their cars and trucks to protest governor gretchen whitmer's stay-at-home order there. the president tweeting moments ago, liberate michigan, liberate minnesota and virginia and saying yesterday he understands each state's frustration. president trump: its been a tough process for people. i told you there's death and there's problems in staying at home too.

it's not just isn't it wonderful to stay-at-home. they're suffering. this country wasn't built on that principle. it was built on an exact opposite principle. reporter: more on the midwest states forming that coalition to reopen their economies. i want to show you a map that illustrates that their stay-at-home orders kind of all end at different times so we won't see one mass reopening. for example, republican governor mike dewine of ohio he plans to reopen the state economy on may 1. governor whitmer was asked about that timeline in good morning america this morning. >> i do hope we have some relax ing come may 1 but it's two weeks away and that's information and data an the ability to test is chang ing so rapidly it's hard to tell precisely where we'll be in a week from now much less two weeks. reporter: and when states do eventually reopen governor dewine stressing they are going to look very different from what we were used to before

all of this happened for example , social distancing will still be in place many people will be wearing masks and physical barriers at some working places as well. neil? neil: all right, grady thank you very very much. a lot of criteria the governors are free to seize on to justify a decision to slowly reopen their states and eventually the entire nation. one of the things they look at is they declined at least in the increase in cases and in deaths, but this can be sort of like a dicey issue especially when we're hearing from new york governor cuomo right now that statewide total hospitalizations which is if you think about it how all of this starts they ticked down, again. now this is where it starts where you are carrying or testing positive of the virus and it's serious enough you have to go into the hospital. those hospitalizations, the entry point if you will, and the treatment have slowed fairly dramatically in new york. the lagging indicator and i know

this sounds a bit, but deaths are increasing at a rate right now that is not the governor is liking satisfactory and they rose by 630 in the latest on april 16. that be yesterday versus an increase of 606 the day before. it is not unusual, doctors tell me, that you'll have a continuing jump in deaths, even as the entry point, the number of hospitalizations, continues to go down and down from what it was the day before, so you're going to get competing data, one showing an increase of a daily basis in the number of deaths versus an improvement, a fairly dramatic one in the case of new york being played out in a lot of other states as well where the hospitalizations themselves are declining. these are the kind of things the governors have to weigh when they decide if and when to open things up, and we are joined of course you remember the former minnesota governor presidential candidate the former financial services roundtable ceo.

governor always good to have you and thank you. i'm wondering if you were back in the state mansion, executive mansion looking at some of the criteria that would decide when you kind of reopen, or get your residents back to something of what they are before, it be very different, but what would you be looking at , what do you think governors should be looking at? >> always good to be with you neil and of course this is a classic balancing test between on the one hand human health balanced against our economic health and it's not a one-size-fits-all exercise. that's why having some variability across the country is probably a good thing because what's happening in manhattan, maybe geographically and from a human health standpoint very different from what's going on in a remote part of wyoming. similarly, different states are going to hit their peak challenge point at different times, so in terms of the roadmap, or the framework, do we have adequate testing and if it's not adequate to have the

ability to detect in realtime developing patterns, and are we making sure we don't overwhelm the healthcare system, number three, are we making sure we have plans in place to protect and continue to emphasize protecting the most at risk and then also as we return to work and we should, in reasonable order here, can we make sure there are practices articulated and expected and implemented for distancing and safe practices at work. neil: you know, a rolling or staggered opening up of the country certainly wise because each state is different, i understand that, governor but it also would delay the economic recovery. are you concerned, again, with the first and foremost focus on making sure we're medically doing this right and not endangering folks but the v -shaped recovery the president hopes or a lot of

people hope for will not be realized. it's just statistically impossible. >> i think from an economic standpoint, neil you're seeing of course the stock market react to sort of daily news, you mentioned earlier the trials taking place with the remdesivir which is the gilead drug which was an ebola drug which is showing some promise on not yet a trial basis, i think it's going to be very difficult with 20% unemployment and a lot of that coming back on in phases or staggered to say we're going to have a sharp recovery. i just don't see that. i think it's going to take a little longer hopefully short as possible but let's be candid with each other and your viewers the idea you'll take a 20% unemployment rate and turn it around overnight or a very short amount of time is just not realistic. neil: governor, my best to you and your family, but thank you again, sir, the former minnesota governor and he touched on the staggered rollout, that's

staggered for restaurants as well. they will be part of this phase i, you know, opening, but again, with some limitations. it's something that's better than nothing but a major league on what he makes on that and how he's preparing for that, after this.

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knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. i'm good at my condo. well planned, well invested, well protected. voya. be confident to and through retirement. neil: all right, take a look at what's happening to the dow jones industrial. we're going to end the week on a strong note of the 400-point run up in the dow a huge chunk of that i don't know the exact percentages our charlie brady our stock senator does but earlier it was accounting for 100 points of the dow's advance but suffice it to say just news that boeing is going t resume jetliner production some time next week that's all the market had to hear because

whenever you think of boeing a company of that size and all of its difficulties, now saying it's going to resume trying to make planes again well that was greeted favorably and that of course the promising news on the drug front with a potential treatment, vaccine, symptom addresser, if you will, out of gilead sciences hard to tell because the company isn't saying anything but the stock is running up and now that's not part of the dow but it is lifting some related medical issues here. one other thing i did want to stress as i look at the dow just shy of 24,000, keep in mind at its lows it had gotten down to around 18,000 and now at its highs it was touching in mid- february, so close to 30,000 , so we have essentially retraced about half, a little bit more of the ground that we lost, and in some issues it's not quite as dramatic today issues like amazon and netflix which were hitting day after day , all-time highs, so it's a reminder that the market is trying to find its footing.

much of it again by optimism that may be promising signs on the treatment of the virus, or addressing the virus itself way too early to tell but i did want you to peak at something else we're watching here because oil is a separate in all of them. you might like that it means cheaper gas and all of that but the fact of the matter is it's a cord that we have that opec does not seem to be wowing folks and hard to understand what opec has agreed to like saudi arabia or russia has agreed to i think it's $20 million a day they are going to take off the market, but that is being against the slow down of economic activity, including a 6.8% reversal of gdp in china. first time we seen that in 40 years so they are weighing that with the cut in production saying maybe even $20 million a day ain't going to cut it, so we are at multi-year lows once again on oil so you have these rival battle plans here. now back to where we stand right now, with talk that the president wants to get

things reopened soon, he has the three-phase deal he's working on in concert with the nation's governors. that first phase is of great interest to my next guest, all because it will involve slowly reopening restaurants, but with a caveat here. they're not going to be as crowded. they might have half the capacity, and that might be by state and/or federal, and here the legendary restaurant chairman and ceo you know his restaurant, bennigan's and it's delicious and a few years ago when you and your wife brought out these stores you probably never would have envisioned what's going on now, how are you going to deal with this , once you're allowed business can come back, but not as many in your restaurants. >> well always great to be with you my italian friend and let me tell you, the world and especially the restaurant industry got sucker punched and when you get sucker punched it's

good to get up and be a street fighter and learn how to adapt to your enemy so right now what we're doing is what everybody else is doing. you're learning how to create, i mean, necessity is the mother of invention so we're learning to grocery store, we have adult beverages that we have deliver, we have delivery and pickup, wherever we have the ability to operate our business is what we're doing but the fact of the matter is we still had to lay people off and in terms of full restaurant operation, but the president is doing a phenomenonal job of trying to release this meant up demand that exists for all of us in order to get the machinery of the restaurant industry that helps drive this economy back to where it was. now, i disagree with your previous guest from minnesota, but i do think it's going to be a v-shaped type of recovery; however, we have already exhausted the first stimulus that the president put out. the moneys are gone so i really

think that nancy pelosi needs to get back to washington and we need to pass the next phase of relief so that we know that the pandemic kills people and so does pirating. we've got to get people back into the businesses and put them back to work and we need to do that again, to a common sense, of course common sense isn't so common any more, staggered, roll up, so that we communicate to our guests that have always trusted us, that they can have confidence that we're going to operate in a safe, clean, environment. and we already have very good procedures in place. we've never had issues like what's occurring right now in terms of the pandemic, but we have already taken steps to take a look at how, or what is the new paradigm in restaurant operations in terms of size of restaurant even for new builds coming online, and the social distancing and the wearing of gloves and disposable menus these are the kinds of things

that we're fighting for right now, planning for right now, so that we can give our guests the beautiful monte cristo's that they are wanting so and we're going to get to the other side of this , neil. neil: all right, well by the way , the monte cristo sandwiches are a work of art but paul, i do want to ask you how you reconfigure your restaurants for this. now let's say restaurants still have to honor the distancing provisions maybe they aren't six feet, maybe it's five or four feet but your restaurants are popular public venues. you had to take out half the seats, or fill up half the booths. that is welcome to have them back in. it's still going to be a problem for you just on the capacity side, won't it? >> right but on the other side

of that meal we're making great strides on the testing piece and we're making great strides on the vaccine, so it's a period of time that we have to get through but again, the overarching goal is to make sure that our guests and every guest for that matter but our guests in particular for bennigan's have the confidence that they can have and have what we've always said they can get with us is a legendary restaurant experience and we want to guarantee that by -- neil: but i want to be clear that you don't think that the limitations on crowds will last very long. in other words it sounds like you're holding out you get into the restaurant they are fine and enjoy themselves and vent eventually it will be back to the way it was? >> vent it will come back to the way it was but in the interim, you have to, look, we don't want to see another spike of this disease so we're going to pay particular attention to all of the safety and guidance that's already been provided us, and the fact that we can even let people back in our restaurants is huge good

news to all of us, but again, if we need to continue looking at the unit economics and how we're going to put people in there, so that they feel safe, have the distance, be able to deliver the food so the things that we're doing is even looking at at what does the restaurant look in the future for casual dining? it's going to be small and limit ed seats but we certainly have learned a lot about delivery and carryout, and other avenues to create revenue for our restaurants, and of course we're adapting for those as well, and again, we're looking forward to the time and hopefully it's not in the far distant future where we can operate as we did and not have this fear, which by the way is a great motivation for all of us to fix everything, paralipses us. neil: okay, paul, thank you very very much best of luck when you reopen and your stores and your people, we have a lot more coming up, paul touched on it

here but this waiting for added stimulus, he was actually addressing the so-called paycheck protection program extension and the thing was such a hit they ran out of money, and the well has run dry and they want another $250 billion for it but the devil is in the details in getting everyone back to agree on providing that, right now it looks like a long shot, even now. after this. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style.

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neil: i think that we can dip into governor cuomo, right now, guys i understand the president has tweeted out that the governor should stop talking and start doing and quit complainingsing, i believe governor cuomo is responding to that. >> i understand that small businesses need the funding and by the way, i know that airlines

need a bailout, but not the states. just show as much consideration to states as you did to your big businesses, and to your airlines , right? >> reporter: was that yesterday or this morning? >> i'm sorry? reporter: after you announced the may 1 reopening? no he didn't announce anything. he said that it's up to the states that's what he said, and if you say that it's up to the states, and you just holdup a big microphone to listen to all of the governors you'll hear some governors say i would like to reopen right away because some governors are in places where they don't have a serious problem. they never did. by the way some states never even closed down, so if you're in a state that has a deminimis issue, yes, then you can open up

faster, you can open up tomorrow , or you can start opening up tomorrow. he's doing nothing. he said it's up to the states. it's up to the governors which is what it always was, because its always been the governor's power, and then he says it's a 50-piece puzzle. no, no, that's called the map of the united states. it's not a puzzle, and those lines are called states, and those states have constitutional power. remember the way this whole thing starts, the colonies create the federal government. not the other way around, so introduction to constitutional theory and policy. the states have the power to open. the states are opening on their own timelines, they are trying to coordinate with our neighbor ing states, western states are coordinating, middle

states are coordinating, all he's doing is walking in front of the parade but he has nothing to do with the timing of the parade, right? the governors are going to open when they think they should open all i'm saying is theres two things they need help from. they need help from the federal government, two things. help on testing because states can't do that and i don't want to redo the mayhem of the ppe debacle, and second point, we need funding to do do it, and the way you love talking about how you funded everything, big businesses were all getting bailed out, airlines are getting bailed out, bailout, bailout, bailout, all of the taxpayer's money, state governments which are the only ones who are doing this whole reopening, they're going to need funding, right?

and will show gratitude. how many times do you want me to say thank you? but i'm saying thank you for doing your job. this was your role as president, okay? so that's the honest statement of fact. without politics, i'm not running for anything. i have no agenda, but for the people of this state, and without ego. you want me to say thank you? thank you for doing your job in helping build javits and sending the u.s. navy ship comfort. thank you for participating in federal responsibility in a national crisis, which you know is a national crisis because he declared a federal emergency, so thank you for having the federal government participate in a

federal emergency, and thank you for help building javits, 2,500 beds, pursuant to your projection. your projection, and if you don't agree with your projection , fire the head of the cdc, fire the white house coronavirus task force people, because they did the projections in case he forgot or didn't read his cdc report, just to be precise, march 13, march 13, so we're well into it, cdc says 160 to 214 million americans infect ed. that's over half the population.

cdc. 2.4 million to 21 million americans hospitalized. 2.4 million bottom number, 21 million americans hospitalized. march 13, the cdc, 2.4, okay? let's say a low number, 2.1 to 21 which is a hell of a differential, right? either 2.4 or 10 times 2.4. thank you for that great projection, but anyway, let's take the minimum number of 2.4. how many hospital beds do you have 900? call it 1 million. so it's 2.5 times what your capacity is. right? we're in the state of new york, we have a 50,000-bed capacity.

by their projections, what do we need? 150,000 beds. by the way, what did mckenzie say that we needed? 140,000 beds. they got it from the cdc. it says on the screen. they got it from the cdc. that's why we built 2,500 beds at javits because we listened to you, mr. president, and if we were foolish for listening to you, then shame on us, but read your own report next time before you criticize it. reporter: you mentioned at some point the state might have to cut off state spending and what would that look like even? >> well so right now we're

looking at our cash numbers, our priorities, we're making payroll s, making sure we're funding medicaid. neil: all right, a little bit of a test for the part of the new york governor updating new yorkers on the status and the course of the virus in new york state, but responding to a twitter jab from the president who said governor cuomo should spend more time doing and less time complaining, get out there and get the job done, stop talking, we built you thousands of hospital beds that you didn't need or use, gave large numbers of ventilators that you should have and helped you. the governor essentially responding, look, how many times do you want me to say thank you? thank you for your help at the javits center and the beds there , thank you for bringing in the vessel from norfolk, virginia to help out with capacity issues, for hospital beds on that, but it got a

little bit nasty when he started going into the details of where the two now stand. governor cuomo saying if he is sitting home watching tv, this is the president he's talking about, maybe he should get up and go to work. so i think it's fair to say that the olive branch that was passed between the two has just been broken in half for the time being but they had an on-again, off-again productive at a times testy relationship here but the president of course chasing a lot of the criticism he's getting from these governors saying he hasn't done enough and the president goes back and says i gave you more beds and more ventilators than you ever needed but governor in the case of new york is saying yeah but you were following guidelines from the cdc. those weren't my requests but recommendations coming from the cdc so this stands to get potentially nasty and keep in mind that new york is among six other northeastern states that are delaying their getting out of the stay-at-home provisions for at least another

month from now, in other words not until the middle of may. the president yesterday is speaking with all 50 state governors and said it's really up to them after saying he called the constitutional shots and the constitution says that he had the discretion to do that and essentially saying that now it's up to the states to handle this but obviously, the new york governor got the notion that he has to constantly thank the president for the help he's given effectively saying mr. president that's your job. let's get the read on all of this from doug collins, the georgia republican. the back and fourth continue, congressman. what do you make of it? >> well it's interesting that governor cuomo is wanting to lecture the president on the constitution, and that the federal government is also getting overpowered to actually help in this and what i found sort of amazing in that commentary was at one moment he was talking about how good the states were doing and how they are responding but yet on

the secondhand, how much they need the federal response which the president has provided. i think it's the bottom line at the end of the day it's about people and getting resources where need be. it's about the president had put into action and states put into action flattening the curve so you don't need that bed space issue but one thing was very disturbing was the constant bickering he was going into with big companies and big things but yet at the very same time we're sitting in congress with a paycheck protection program that helped these small businesses and 6.7 billion was put into georgia and 15 million jobs saved and we can't get the democrats in congress to come back and fund that part. he wants money for the states i don't disagree. my state needs money other states need money but if there is money already in the cares act for states and we can come back, let's fill priorities and instead of griping about our own needs first and that's the only problem i have with governor cuomo is we will take care of the states but we also have a portion that's already run out. why block that money and complain about something that's

not run out yet? neil: all right, so, about that extra money you're looking for , congressman, i guess it amounts to about $250 billion on top of the $350 billion that you accurately pointed out, let's tap that right now. much more demand and interest than obviously many thought, but it does seem to be sort of hanging in the balance here and it would require, we're told, folks in congress to come back to town, to deal with it. how likely is that or do you see this going anywhere? >> well i was very disturbed when i heard the speaker of the house say if we would not come back before may 4 unless there was an emergency. i'm not sure what she classifies as an emergency right now. small business is an emergency, maybe she doesn't believe that these businesses are an absolute emergency. maybe she needs to get outside the san francisco and other areas to see the businesses that my communities and communities all over this country it who have applied and need this help and the ones who got the help are being able to keep people unemployment, keep people in jobs and do what we need to do

so when we come out of this their businesses can thrive but you've got many still saying that i need help because the process needs to be expanded we understood that when we made this. this is a program that was stood up very quickly, secretary mnuchin the president and others helped get it that way, we've had bumps in the road as we go but people are getting help so i would hope that we could figure out a way to do this quicker than that but right now the speaker of the house said she just doesn't believe this is an emergency in some ways and that's sort of amazing to me. neil: you know, this issue has come up before, congressman, about governors chasing a president saying he doesn't feel their appreciation very much, and that hasn't stopped him from helping them but he does raise that a great deal that they're not appreciative. governor cuomo said why don't you just do your job and leave it at that, that is what's required of a president. what did you make of his reaction to that? >> i view it as lashing out and governor cuomo had to deal with

a lot in new york and the president had to deal with a lot. i love how governor cuomo talked about the states and the president has over 50 of them not just one and they both have the pressures upon them and i think the president has responded in ways that he was listening to his health resources sort of when this president listens to his health advisors of the cdc and others, he is immediately thought of good and then criticized if it doesn't come out the way everybody thought the numbers were. but yet if he didn't respond it be the opposite so i think everybody right now needs to focus. we need to get our businesses back open as quickly and safely as we possibly can and get state and local government for funding they need along the hospitals to take care of the people. certain areas of the country are getting better and certain areas are starting to see more hotspot and we got to take that into consideration but when you look at what the president has donald look at the response and now what we could continue to do, that's the most important thing we've got to get this economy back going, while at the same time taking care of the health of our people. neil: congressman, you're very

very patient so i don't have an update on how things are going in georgia if you'll forgive me but i be curious what you make of the president's plan it's a three-phase plan that if you think of these states that are delaying implementing anything until at least may 15, and i think with each phase of the president's plan it's a 14- day period before you go from phase i with the initial opening of restaurants and theaters, obviously with states provisions and distancing provisions and then phase ii with potentially some schools and other larger places opening up, i think what i'm getting at here that this could be into june or july until all of those phases are implemented ideally. do you worry that the economic return you want to see , obviously people want that too, in balancing with the medical issues. do you worry that it is pushing back that economic, that so-called v-shaped return that the president wants to see and a lot of people want to see. >> yeah, there is some concern

about that but the one thing i do believe that the president has always done in this crisis is he's responded to the information as it happen, and that's been a fluid situation so there's been things that they would first take out, we found out we didn't need it and he would switch gears and help in different ways and the task force the president has set up will do that and if this needs adjusted due to what the evidence is on the ground you'll see that. here in georgia you'll see the governor here reacted to more of the middle of may. our schools are shut down for the rest of this school year looking to get back in the fall so it'll depend on each state and how they are adapting and i'll agree one thing governor cuomo said some states have not been effected as others have but they will be able to open up sooner and i think the guidelines are just that. they are guidelines we'll see how they operate and while the government and federal government to work together. neil: congressman, thank you very very much, meanwhile, be safe. doug collins, in the state of georgia. want to go back to governor cuomo, because apparently he is

not done. let's go in. >> for the projections blame the cdc, peter navarro, and whoever is on the coronavirus task force. it's their projections. peter navarro you can fire. reporter: you obviously are not pleased with what the president said. >> no, no. it's what he said. reporter: but why such criticism >> well this is an important moment. he's saying he doesn't want to provide funding to the states and he doesn't want to help on testing, and i can tell you the states can't do it otherwise , and if this testing doesn't work, that's a serious problem. i don't care about his politics, but if we don't have federal help on testing, that's a real problem, and i'm not going to go through the chaos that was created last time on ppe, where

people who were genuine heros couldn't get ppe, because there was lack of coordination and because everything was made in china. we're looking at that situation with testing again. i can tell you that. i know enough to know that. put the last question. reporter: what type of businesses do you need to be able to open their doors when we do start to reopen restaurants, hair salons maybe limiting capacity and what specific types of businesses? >> we're not there yet. that's what we have to work through. where, what, and when. where, what, and when. thank you, guys, i'm going to work. neil: all right, you just witnessed we couldn't stay with the whole thing here we have other iron you is as well but governor cuomo and his test in response to the president yet who had blasted the governor for being more interested in

talking than doing, and saying that, you know, constantly blaming the federal government, and it wasn't the state, i'm just trying to nice up the language here, but the governor in that brief interim i was talking to the congressman from georgia, had shown that memo from peter navarro the white house aid warning that back in january there was a virus that was detected in china might be a big deal, something we should watch out for the potential pandemic. we don't know whether it got all the way up to the president, the president had said that he didn't remember that, i don't know the latest view on the white house on that so forgive me, but the governor was pointing out that if you're going to start blaming people, and pointing fingers at people you might as well look in your own house about what was sent to you and what advisors like peter navarro was telling you some months ago. now there's obviously enough blame to go around here. governors have been faulted as well for not preparing themselves to have enough ventilators and machines, oxygen

you name it, beds but the possibility of a virus that could extend to the degree, there's no way of predicting that of course but there were a lot of warnings going out there. the governor, like several counterparts they're democrats by the way have been saying that this president missed signals too going after the world health organization this was not brought up with governor cuomo but a number of the others said you're busy pointing fingers at what the world health organization knew, but the fact of the matter you knew a lot of things as well, but this back and forth probably not productive. the president has said it's up to the states now and he's going to give them the power to decide when to open up for business, and then they've got to handle it on their own and the governor and governor cuomo more specifically was saying it's not as if you're giving us any power we have that power it's etched in the constitution, your interpretation of it earlier in the week that it was your call not our call was wrong. so this is sort of refesterred issues that have long been simmering beneath the surface

here but it got to the point where the governor was saying, you know, you better quit staying back in the white house watching tv, a real slap at the president an with his tweet earlier in the day i'm sure there will be a tweet response to that, and the back and forth is going on. i don't know if it's productive for either side here, but it is what it is and the heated polar izing environment that we have constantly escalating. blake burman with the latest on this back and fourth. blake i have the feeling it is not over. reporter: no for those of you who have covered president trump almost three and a half years en the white house and a year and a half on the campaign trail before that neil you sort of anticipated that a moment like this might come between the republican president in the white house, and the democratic governor of new york, you would hope that in the middle of both a pandemic and recession playing out simultaneously that the politics be able to be put on pause, be set to the side, and the issues and what really matters would come to the forefront and that's

the way it had been for many weeks, a month-plus between these two but i think you just saw a potential tipping point as the president last night had said that it's now in the hands of the governors to make the decisions within their states as to when to reopen and here is the guidelines, you make the decision but what we saw from andrew cuomo of new york, just a little while ago was him saying that they still need the governor of new york saying they need funding, he took extreme issue with the fact that the airlines were given a bailout as he sees it, yet the states need additional funding and then he also was worried about the testing. that has been a big component that so many have been questioning. how do you return back into society and how do you return back into business without wide scale testing. the new york governor saying today that they still need help from the federal government, essentially saying no, mr. president, don't sort of back off, we need your involvement here as it relates to testing.

so as cuomo was making that case on television, broadcast all across the country, presumably the president was watching because this was the tweet, if we have it, if you can put it up in full. the president tweeted quote, governor cuomo should spend more time doing and less time complaining. get out there and get the job done, stop talking. we built you thousands of hospital beds that you didn't need or use, gave large numbers of ventilators that you should have had and helped you with, he goes on to say testing that you should be doing, we have given new york far more money, help and equipment than any other state by far and these great men and women who did the job never hear you say thanks. your numbers are not good. less talk, more action. the reporters there where you are clearly have twitter and internet because a lot of that was then relayed to the governor and he responded by saying mr. president, this is your job. you are doing your job. i don't need to say thank you. you're the president of the united states. it was a national emergency that

you declared. you're doing your job. we don't have a response yet from the president, neil. you can probably imagine what it will be like. there is obviously a lot of talk separately as to what political ambitions andrew cuomo has. he mentioned at one point that this has nothing to do with politics or any of that. it is a big issue with a whole lot of roads that split off of it but right now, all of those roads seemingly leading towards what many hoped would not be the case which is confrontation from the president of the united states and the governor of the largest state, one of the largest states in this country. neil? neil: do you know what the president meant referring to governor cuomo that your numbers are not good? was he referring to poll numbers, the number of cases in new york? do you know? reporter: yeah, it's a good question. i don't know specifically. all we have is the tweet at this point. but i presume that he was

talking about the case rate, the death rate which as we know, new york has the highest amount of cases, highest amount of deaths right now, so presumably talking about that. in any event, i think everyone just wants to see a good outcome, whether there's political bickering or not. neil: you know people get hot under the collar. this is a high pressure situation. i get that, on all sides, both sides. but the governor also said it was always up to the states, mr. president, and i don't need the president of the united states to tell me i'm a governor. was he referring more to the point about the states unable to handle testing on their own and the president is sending out signals, i don't know if he outright said it, you are on your own, you want this testing, you pay for the testing, i don't think he said that, but maybe i missed it. reporter: and i believe at one point he said of the president quote, he did nothing, meaning that the president, you know,

didn't shut down new york, a lot of the governors have been making their own decision. it's this tricky balance, right, you've got the governor of new york saying we need your help, we need testing, we need funding, federal government, mr. president, do your job. but on the other hand, you also have the governor saying we're going to go at our speed and make our own decisions and the president essentially did nothing because we're the ones in control. it's a balance. there is so much going on that there's really no umbrella which is sort of the reason why the federal government has put the guidelines that they have put out and given the states the decision, the ability to make their own decision, but you've got this argument on both sides. should the federal government be helping, sure. should the states be making their own decision, of course. what is the balance between there? you are starting to see it all play out between the president and andrew cuomo.

neil: yeah. time for a group hug, i think. thank you very, very much. blake burman following these developments here. a quick clarification from the governor. he kept talking about the more ppe, more ppe, personal protective equipment. you hear this mentioned quite a bit. acronyms become so tiresome. this is the kind of thing the federal government was providing, getting that to new york. governor cuomo saying thank you for that but we need still more, when it comes to testing, which doesn't fall under the protective equipment genre here but it would be part of the things that states like new york are going to need as they weigh getting out of this crisis. new york and at least six other states in the northeast, as you know, have delayed this until at least the middle of may, about a month from now. but these broadsides are continuing back and forth. all of this at a time when we got news out of china today, forget about the fact that its economy contracted in the first quarter 6.8%.

we have never seen that in the better part of 40 years, but we also had a revised death count in wuhan. it was racheted up 50%. previously at 2579 victims. now 3,869. apparently it really was a search of wuhan hospital data records that brought some clarity to that. so we don't even know whether that is accurate but dean chang at the heritage foundation keeps a close eye on this stuff. thank you for your patience with all this breaking news. do you know whether these latest numbers we're getting from china that clarify the death count in wuhan are indeed accurate and the latest, most accurate numbers we know? >> they're the latest numbers but i'm not sure that we know whether they are the most accurate numbers. the reality is two-fold. one, we're not really sure how the chinese are counting death figures. if you had a heart condition and

coronavirus, where you initially or even now were slotted as a heart attack person, not a covid-19 person. the other thing is it's very very hard to believe that in all of china, they have had only something like 6,000 deaths which is i believe the official figure, somewhere in that neighborhood. neil: so when i look at counts, you know these counts far better than i, so indulge me here, the official cases i get out of china are a little bit north of 82,000. i guess we are showing 83,760 at the very very least. that compares to a little more than 671,000, 672,000, i should say, in the u.s. those figures change as i see them. i apologize. do you believe there is that kind of discrepancy between our two countries? >> no. i don't.

let's be clear here. the chinese changed how they were counting coronavirus victims in january. this is something they themselves actually reported. they went from genetic markers to symptoms back to genetic markers, which means we don't really have a good sense at this point of how they are counting them. second of all, it is frankly impossible to believe that in a country the size of the united states with four times the population that the chinese can say with absolute confidence that there are no cases in the equivalent of northern maine, the snake river valley and idaho or on farms outside el paso. even with china's social credit score system, it is simply defying belief they could have that level of monitoring. and this broke out in the middle of chinese lunar new year, when literally hundreds of millions of people are jammed on to chinese planes, trains, buses and cars and yet, there were

only 83,000 cases in a country four times as populous as the united states. neil: so china lied, if that's right. you are the expert and i suspect it will be compelled to provide more information in the weeks and months ahead. do you think it will? >> i think everyone is already asking for that data and the chinese have been very clearly stiff-arming everyone. you know, they have booted reporters from the western press and they have made it very clear that questioning china's numbers is racist. neil: dean chang, heritage foundation, you are an encyclopedia. thank you for this update. i would love to have you back, pick your brain again. the latest update, i think it spells it out very very nicely, is these latest revisions we are getting on the wuhan province

themselves might be still very very, way off the mark here, that 50% jump, little more than 3,000 deaths might be very very low. we shall see. by the way, we were waiting for the president to respond to governor cuomo. he's tweeted this out a few seconds ago. cuomo ridiculously wanted 40,000 ventilators. we gave him a small fraction of that number and it was plenty. state should have had them in stockpile. so this back-and-forth on who knew what, who did what, you might recall that probably what got the president's dander up is cuomo to say i thanked you already, mr. president, i'm thanking you again, but that is your job, i think that is your job thing which really started back and forth with the president tweeting out to the governor hearing that he would be criticizing the federal response, that it's the governor who is all talk and did not do much. anyway, this festering tension between the two that has really shown far more cooperation than any division, is now on the

fighting side here but again, you think about it, for governors and certainly for the president of the united states, these are hot and heated times and heated exchanges are to be expected. normally we hear about these behind the scenes. rarely on open mics and open social media in front of the world to see. all right. so we're following all of that and the financial community is worried about any of this tit for tat or back-and-forth going on, it has a funny way of showing it. the fact there might be some promising drugs and potential vaccines in the pipeline and better than expected news out of boeing that it will resume jetliner production, that's all they care about for the time being. lauren simonetti has more on that. hey, lauren. lauren: hey, neil. investors want to hear that the economy can open back up. they want to hear what governor cuomo said earlier, in the epicenter of new york, the number of hospitalizations is going down. we're not out of the woods but that's a glimmer of hope.

also, they like what they heard from the president yesterday, that there are phases to eventually reopen the economy, maybe as soon as, well, now, or may 1st depending on where you live. that's why the market is higher today. i do want to point out we are off the highs of the session. the dow was up 615 points earlier. with any gain of about 181 points, it's not only higher on the week, it's higher two weeks in a row. ditto for the s&p and nasdaq. why is that important? well, look at where we are with the number of deaths and hospitalizations and the number of infections of coronavirus, yet you have the s&p up this week and up last week. last week was the best week since 1974 so the market is somewhat on a tear here. here's your perspective. still down sharply from the february highs of at least 12%. so again, we're not out of the woods. what's giving also the market and investors some hope is this drug from gilead. we have spoken about it before. it's called remdesivir. there was a university of

chicago trial of this drug. very promising results. and the best part about the trial is that most of the patients were discharged within a week so you can stop the spread when you can fix someone really fast, although the analyst community is saying don't have too much hope here, it's just one sample, it's relatively anecdotal. you have to wait for those thousands of patients and the trials. those results to come back. but if you pair something like this antiviral treatment with a vaccine or antibody treatment because you have at least 21 companies working in this space, that does give hope that yeah, we can get people back to work and going back the restaurants and bars. real quickly, as i send it back to you, abbott shares did hit an all-time high. they say they can ramp up production and ship four million antibody tests this month, starting like right now, and moderna got a lot of money, about half a billion dollars in federal funding for a potential

vaccine. so we are working to get the medicine where it needs to be. investors relatively hopeful today and honestly, for the past two weeks. neil: all right. lauren, thank you very, very much. you all but hear, lauren touched on it, balancing the medical and economic and financial needs of the country at this time. probably no one better than my next guest to address that because he has both feet in the water. the doctor owns the "l.a. times" is a minority owner of the l.a. lakers but his claim to fame and probably what has produced his fortune early on, his smarts in the drug arena. he came up with ta cancer drug. he joins us now with what to make. first off, if you don't mind, this new drug gilead is coming up with, a lot of people maybe are getting in front of their skis here but it's lifted the markets on the hope this is

coming soon. what do you think? >> well, i think it's very promising results and you know, scientifically it makes sense because it does reduce the replication of this virus. i think at the end of the day we need to wait for the clinical trial results. but it's very promising. the early findings from chicago. neil: now, as a physician and surgeon in your own right, and we talk about reopening this country, doctor, in stages, i get that, do you worry that enough attention has been paid to a potential spike in cases? i guess it's inevitable, you would know this far more than i, but what does that mean? what are the risks and how much has been factored in? >> well, look, at the end of the day, the only way for us to really get back to close to normality is to have a vaccine.

the thing that bothers me very much about this virus, it's highly infective. the other thing that bothers me about this, it actually enters into the body through receptors that are really important to our human body like the lung and the heart and the blood vessels. so that's why it's so toxic. so until we can get this vaccine, i think -- and that's probably why in the last -- it is the race to the vaccine that is most important that will change this world again. but my concern about a vaccine is we really need to get a vaccine that generates what i call t-cell memory because unlike other viruses, this virus close to the measles virus, wipes out your immune system. it actually kills the t-cells and you may end up with what we call immune amnesia. so i think not only a vaccine,

but a vaccine that actually could generate back t-cell memory. i think that's the only way and that's why we as a company are racing hard towards that goal. neil: your foundation just bought a shuttered l.a. hospital in the hope of making it a coronavirus research labor cent or center, i guess. i'm wondering what you plan to do because all this at a time when we are getting evidence, i don't know how much is anecdotal versus stories that come up in the press, there are mutations of this virus popping up and recurrences in some cases. i'm wondering what that is telling you and how the world is preparing for the possibility that this could sort of respike to your earlier discussion. >> well, that's exactly why i'm concerned about this virus. i mean, the sars-covid 2003 and

covid-19 is literally a mutation of that virus. just by one single change, it increased the infectiveity by 1,000-fold. it's no question that this virus actually has mutated already since china, through europe into the united states, and the spike protein absolutely mutates. so one of the opportunities very much like flu is to generate a universal flu or universal covid vaccine. one way to do that is to go after the thing called the end caps, the body of the virus, that it requires just to even live or replicate. so one of our approaches is to actually create a vaccine using the thing called the adenovirus, common cold virus, and genetically engineer into that common cold virus the covid sequence. in fact, we have done this now in our cancer patients.

you referred to the work we did in cancer. we put these vaccines into cancer patients and i'm pleased to say that we have now successfully, together with the national cancer institute as partners, using this vector generated t-cell memory. or t-cell mediated immune systems in patients with cancer. so i think using that exact same delivery system, which is next generation common cold virus, we can now take this covid, whether it be a spike, whether it be the actual body of the virus, the nuclear capsule, and put it together and drive what we hope to have is a universal covid vaccine. neil: you know, i wiould like t switch to the businessman side of you. as i mentioned at the outset, you are owner of the los angeles

times, you are minority owner of the l.a. lakers. you probably heard of the government's plan that when businesses are starting to be reopened and eventually sports reopened, they are going to be practicing social distancing, whether in phase one, two or three. obviously a busy "l.a. times" office you have people crowded together. at basketball games you have a lot more folks crowded together. what do you think of how that will ultimately play out, how it's going to alter maybe the setup for your employees and by extension, you know, basketball events as well? >> well, i think as i said, i was just called yesterday to join the advisory panel for economic development and opening up california. look, the reason i took over st. vincent's campus, that's the oldest hospital in all of los angeles, in 1877 that hospital

was then the smallpox pandemic, so whether it be the health care industry, the hospital, the entertainment industry, sports, and the publishing industry such as the "l.a. times" and more importantly, even now the biotech industry as we develop this vaccine, dhou we actually bring this work force to actually productively create these products that are important to all of us. it's interesting, i think we actually figured out a way to work pretty productively. i have been now, since this whole pandemic, working from home and i feel m probabi'm pro working harder and communicating more with all our over 2,000 employees better than i would have walking around. having said that, it's really important for us to figure out this way and the course of the next month or so, i'll be working with the business

leaders in california to discuss that. but i can't emphasize more, very much like dr. fauci has said, it is so critical for us to stay home right now. it is so critical for us not to be impatient and we actually have, especially in california, bent this curve. we have actually flattened this curve. i'm hopeful that we in california are going to be more like taiwan than italy. we will know this weekend. my anticipation is that this weekend is the peak weekend that we learn which way are we going to go. so far, the numbers in california say that we have actually done all the right things and thanks to governor newsom, done all the right things to actually create this plateau but if we are just too impatient and we break out of that, and the fact we can have infection from asymptomatic

patients, all those conversions of facts are very dangerous. so little bit of patience i think will pay us as a country, as a nation, so much more and we really need to think about doing what we are doing, and it seems to be working. neil: all right. we will see what happens. thank you very, very much. good talking to you. >> thank you for having me. neil: all right. be well. all right. as the doctor was speaking we got the dow still up about 500 points. more optimism that the course we are going on will be bumpy but it does look promising here. a lot of this is built on one particular drug that's getting talked about. there are a couple others that are getting talked about, vaccines and treatments. no fewer than a couple dozen different companies that are close to a variety of promising treatments and/or vaccines as i like to say, but they are a ways off yet.

so the medical community seems to be saying all right, we understand how wall street works but calm down, already. in the case of gilead sciences, up about 8%, it's hard to stay calm when you hear news like that. stay with us. if you're the spouse of a military veteran, here's money saving news from newday usa. your spouse's va streamline refi benefit lets you easily refinance when mortgage rates drop. and they just dropped to the lowest in newday's history. refinance now. there's no income verification, no appraisal, and no out of pocket costs. one call can save you $2,000 a year. refi now.

neil: all right. a lot of news to pass around as we crisscross the states right now and how they are dealing with stay-at-home provisions. some are easing up on them. in minnesota, the crackdown there that is inciting protests and the like, they continue today. nothing that the governor proposed today is easing that. he's expanded a lot of outdoor recreational activities here, saying that right now, these conditions are easing up but the protests themselves are violating stay-at-home provisions. those people are obviously a lot

closer than six feet here. the governor is saying there's a lot more outdoor recreation guidelines that are being expanded that will provide more opportunities to engage, he says, in golfing, boating, fishing, hunting, and hiking. this apparently, though, falling on deaf ears among protesters who, much like in michigan, are saying the crackdown has got to ease up. so no indication out of minnesota or michigan yesterday that that is the case. but they are obviously letting their impatience be known that they want much more flexibility and much more allowances on the part of the governor to open things up. separately, i want to take you to new jersey right now. phil murphy, the governor there, is saying that the increase in coronavirus spread in new jersey has dropped dramatically. i don't have the latest numbers out of the garden state, but again, that's what they tend to look at, not that the cases are reversing but that the rate of increase is slowing. apparently according to the governor, it has.

remember, new jersey, like new york and connecticut and rhode island and delaware, pennsylvania, massachusetts, they are not resuming activity or even considering doing so until a month from now, may 15th. finally, in texas, governor greg abbott says that schools will remain closed for the remainder of the school year. still state parks will be opened. and separately in the city of jacksonville, the beaches are now open. they are watching for crowds, they are keeping it limited in large groups in an area to no more than 50 people on a stretch. i don't know what on a stretch means. but if you want to go walking or jogging on the beach, you are free to do so but in groups smaller than ten. so i don't know where the stretch of 50 comes from. it might be a reference to 50 yards and no more than 50 people in that group. i have no idea. what i do know is this back-and-forth is going to continue between the president

right now and governors who he has charged with just doing whatever they think is necessary, but there's a battle ensuing right now certainly with the governor of new york over who's going to pay the bill for a lot of this, including more drug tests and the like. it isn't very very clear where that is just going. jackie deangelis has been following this drama here, especially how they go about reopening things. jackie: it's a hard question, how do you reopen things. especially when every state is having a different experience, right. that's part of the conversation that you're talking about here. the governor is mulling over options. i can tell you one big problem in new york city is the restaurant industry and dining out. they are starting to look at what solutions could look like. while many are looking to china which is slowly getting back up and running, the picture is very different there than when things were normal, especially in restaurants. look at some of these pictures we've got for you. a chinese diner, they are separated by plexiglass

partitions. we are wondering if that's what life will be like here, tables wrapped in plastic, consumers doing temperature checks before they walk in. i'm wondering if i would even want to eat in a place that looked exactly like that. restaurant owners have been talking about social distancing, maybe cutting some of the table numbers in half, for example, so people can have some space but you wonder if it's worth even opening your business if you can be profitable under those conditions. the executive director of the new york city hospitality alliance told us this. >> -- so even if we are able to open fully, but we only have 50% of the customers we did pre-pandemic, most small businesses will not be able to survive. jackie: we spoke to one restaurant owner in manhattan who said i'm prepared to stay closed for a year because having 50% of the tables doesn't really make it worthwhile to open the restaurant, especially if all of a sudden people don't show up and sit at those tables. it's a valid concern.

the question is, what will that consumer appetite look like. the senior vp for the national restaurant association shared his thoughts with us. >> i think the restauranteurs i talked to obviously are concerned about rebuilding confidence with the public after you have been hearing stay in, stay in, stay in for so many successive weeks, it's overcoming that. jackie: the stay in message is very powerful. we have all experienced it and you do exhibit a little fear when you think about going to be in social environments and being around other people, especially regarding food, where people have handled it or silverware, where it's a communal product. but the thing we do know is that this new normal is going to look very different. neil: you know, it's actually, growing up with my italian grandmother, she had everything covered in plastic. the furniture, even her grandkids. there is that experience. we are going back to the old,

old days, way before your time. thank you very much, jackie deangelis. she's right. it will be a lot to get used to. i want to go to chris hogan, who gives financial advice. chris, now we are hearing that folks who are depending on the checks, there are delays, there are snafus. a lot of it goes back to the financial software they use to file their taxes or their accountants. i don't know all the details but they are getting impatient. what do you think? >> well, neil, as we have talked about before, we've got 79% of americans are living paycheck to paycheck so any kind of flaw or disturbance in the financial flow can cause some headache and heartache. you're absolutely right, what we found here, the irs has processed almost 50 million payments already. they still have a lot more to go. but for people that have used tax preparers, they are finding a new problem. if you have used h & r block or

any other tax preparer, people are finding their check is going there rather than to them. if you used a tax preparer, they set up an account for you to be able to get your refund, then take their fee out and pass your payment on to you. so the irs does not have everyone's actual banking information. so i'm encouraging people to get proactive. you need to go to irs.gov, under get my payment tool, and put in your banking account information. this will be vital. and for people who are low income or homeless, they need to make sure to go to that portal as well to put in banking information so they can get their check. neil: you can still get a paper check, right? you would just be waiting a long time, right? >> that is correct. paper checks are going to be coming out, they will all have president trump's name on it so you will make sure it is authentic but yes, it is going to take awhile for those checks

to go out. i think those were supposed to begin to go out in early may. neil: i think a letter from you is going out, too, saying don't waste this money, right? >> well, absolutely. if i could send everyone a note i would tell them these checks are merely a band-aid. this is not going to solve anything. it's going to help keep food on the table and hopefully keep the lights on, but we've got to change our mental outlook here. we've got to begin to dig or heels in and understand that we've got to take care of what's going on in our home, let alone what's going on in the white house. that means we've got to go into conserve mode. we've got to begin to be very clear on every dollar that goes out, be very intentional and protective of the money that you have. i'm advising people to take care of the four walls. we talk about this on the program we offer. you want to take care of your housing, your rent or mortgage, your utilities, then you want to make sure you have food on the table and then your transportation is up and running. anything outside of that needs

to go on pause right now while we deal with this pandemic. neil: chris hogan, thank you very, very much. chris hogan on the latest there. before i take you to protests going on in minnesota, we are getting word, friends at the "wall street journal," of a possible breakthrough on this plan to get that $250 billion in added spending to the paycheck protection program. the house republican leader kevin mccarthy is open to the possibility of pairing hospital and small business funding to this as a possible breakthrough in the stimulus talks. that inevitably means it's going to be a lot more than $250 billion. but it will satisfy some democrats' call to expand this beyond small business to, in this case, hospital health care worker funding. we will let you know how that goes. now i want to take you to minnesota. if this rings a bell with what you have seen played out in like

michigan, this also involves protests against the governor who has very strict stay-at-home policies. now he's loosened those up a little bit to include folks going out, leaving their home, hunting, fishing, that sort of thing, but it's too little, too late to a lot of these folks who by the way are violating distance rules already in place there. they have had it. they either loosen up significantly or they don't go. this played out in michigan. it's playing out in a lot of states. there are extremes on this, those who say we want to be safe but a lot of us also want to go back to work and the two sides are not meeting each other. stay with us. it is an understatement to say that i was extremely worried. i was overwhelmed. and i didn't know where to begin. ♪ i came across sofi and it was the best decision of my life.

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slowly. in jacksonville, the beaches are now open. there are some caveats to that. with us right now is lenny curry, jacksonville, florida mayor. mayor, very good to have you. i'm sure you have a lot of happy residents today. what are some of the -- what are you allowed to do on the beaches, what can't you do? >> thanks for having me back so i can share this information. beach hours are open from 6:00 a.m. to 11:00 a.m. they will then close for the afternoon and reopen from 5:00 p.m. to 8:00 p.m. you can hike, you can run, you can jog, you can swim, you can surf, you can fish. you cannot bring a cooler. you cannot bring a towel or chair and become stationary. you have to keep moving. we will have patrols out there that if necessary, will begin to move people up and break groups up if they begin to congregate.

neil: i heard you don't want 50 people, i probably misheard it, mayor. what are the restrictions on groups, how close they can be together, besides just the standard distancing rule? >> so when i issued my initial executive orders before our safer at home order it was cdc guidelines were no more than 50 people in groups. so my initial executive order had 50 people in it. the cdc revised that later to 10 people. so every order i issue now under -- that falls under my initial has that 50 in it by law. however, the beaches' cities have their own mayors and they recommend cdc guidelines which are no more than 10 people. i just think that's smart. i think people ought to adhere to that. neil: so no more than 10 people but how are they spread out? obviously your beaches are vast. who is spread out over what area? >> well, you want people to keep

six feet apart. now, obviously, what you prefer is you want people, they come with their family members, the people they are in their homes with every day. you don't want to be interacting with folks that aren't in your day-to-day routine which is what the orders we have been following now for weeks. you know, we have been telling people you can jog, you can go for walks, you can walk your dog, but don't stop and talk to your neighbor inside of six feet space. just be smart about this. i have observed throughout this city that people by and large have been responsible. they are taking this seriously. i see people in masks in grocery stores which we have encouraged. i see people in neighborhoods to keep moving and if they stop, they are keeping their distance. this was really an effort -- at some point -- neil: go ahead. >> at some point, things are going to open back up. the way jacksonville closed, it started early but it did it in a very measured step by step way. we started before most cities, by shutting down concerts and

large groups. we moved to work from home, if you can. we moved to safer at home order. as we contemplate reopening in a safe way with the ability to test people and isolate people, we are going to have to begin open public places. this is a very measured, very first step. it could take weeks to get us back to some sense of normalcy that will allow people to keep their space and do it in a way that's safe and in accordance with cdc guidelines. neil: we will watch it closely, mayor. thank you very, very much. good seeing you. i want to go to laura kern right now, nassau county, new york executive. of course, new york is number one in cases in this country. county executive kind enough to join us now. how are things going where you are? >> well, we have total positive cases more than the entire state of california here in nassau county. we are just east of new york city, about 1.3 million residents. but for about ten days now, we have seen really good numbers, a

real levelling off. we have had more people resolve and leave the hospital, covid patients leave the hospitals than come in for a good ten days now. we have seen a reduction the last couple of days as the number of people who are hospitalized here. so when you hear that good news, for instance, we have more police officers who are cleared and back to work than are in quarantine at this moment, those are really good numbers. those are the numbers we have been watching as we have been managing through this crisis. of course, now we are all turning to okay, great, how do we reopen, how do we restart the economy. on long island, nassau county is one of two counties on long island, we have 175,000 people who filed for unemployment benefits. that doesn't count people who haven't filed. we are seeing our tourism, our restaurants, shuttered and closed which is heartbreaking. so i am very eager and very happy to hear the federal government talking about coming back in phases. our governor andrew cuomo is working with neighboring governors about how we come back in a regional way. i was delighted to hear marinas

were something we could reopen in a regional way, where you could do good social distancing. neil: you know, as a county executive, in nassau county, i'm wondering are you comfortable with the mid-may plan? in other words, to start thinking at that time i guess, unless it's pushed back further, to unwind some of these provisions? >> well, you know, we have to do it in a regional way. we have to do it in concert with our regional partners. but we really need to start coming up with a plan and quickly about how we come back. for instance, opening schools is part and parcel, when we are opening business again we have to do it in concert with our schools. you can't just flick a switch and open the schools. you've got to deal with bussing and food and is there enough sanitation and personal protective equipment for those who need it. so it has to be done in a very organized way. but i don't think we can delay the beginning of the reopening. the economic toll is too

devastating. the new york region and nassau county is an important part of that region is too important to the entire united states economy. got to get going here. neil: all right. got to get going means middle of may, may 15th, going beyond that would be problematic? >> you know, we've got to work with guidance from the state and with the other governors in our area, but getting the plan together and also, you know, using the idea of risk assessment. what has the less amount of risk. start there. start with things like marinas, golf courses. then we can move up gradually to things like restaurants. i was listening to your show earlier, perhaps you do restaurants differently. we have a lot of ingenuity with spacing, disposable menus. there are things we can do but we need to start reopening. neil: got it. i know you have your work cut out for you. we do appreciate you checking in with us and updating us. thank you very much. the nassau county new york executive laura curran.

as we were speaking, we were getting a little more detail on a possible, possible middle of the ground agreement between republicans and democrats to get that extra relief money, $250 billion relief money, to small business through the paycheck protection program through by allowing additional payments or what democrats have wanted for health care workers, that sort of stuff. it's a little sketchy to me. hillary vaughn all over this right now. hillary? reporter: well, we are just getting these late-breaking details from an interview that the house minority leader kevin mccarthy just did where he indicated he would be open to tying some additional funding for hospitals along with more money for the paycheck protection program. now, both top democratic leaders in the house and senate, house speaker nancy pelosi and senate minority leader chuck schumer have been pushing in negotiations with treasury secretary steven mnuchin to add

more money for hospitals and for state and local governments to what the president has requested, an additional $250 billion for the paycheck protection program. that indication from mccarthy that he's now open to at least putting some additional money for hospitals as part of this increased payment for the ppp program seems to be paying off, at least for the democrats. but again, you have to get every republican on board for this because congress is currently out. we have also heard from some democrats that are really breaking with party leadership. two democratic senators say they want to stop these drawn-out negotiations and instead, they just want to approve this $250 billion for a program that so far has helped 1.6 million small businesses. >> give the money to the ppp program without correcting it would make no sense. you'd still have more than half the businesses left out and getting no money. reporter: senator marco rubio was key in drafting this program, he's pushing back on

the narrative that this money is not going equally to everyone and is favoring larger companies as opposed to small mom and pop shops. he says that right now, 70% of the money has been going to those very small businesses. most loans are about $150,000, which really means those are for businesses that have less than 30 employees making less than $30,000 a year. that's what the bulk of this is helping. rubio also points out a key fact here. because the program has run out of money, over 800,000 small businesses are now in limbo. we talked to one of those small business owners who applied for the program, essentially right when the applications opened up. her business is still in line, still in the queue waiting for this money. she just paid the paychecks for nine of her workers two days ago only to find out that the money for the program she was expecting to get has now run out. >> we're only two days into the next pay period and less than 15 days, i could face this decision

again. what am i to tell my employees? am i to tell them to go file unemployment? or am i to float the money once again from my own pocket to provide for my employees? reporter: there seems to be some movement in the negotiations but we did just hear from senate minority leader chuck schumer this morning. he said there's not going to be a deal done today. they still want to continue negotiations with mnuchin through the weekend, so what that means is a lot of small businesses are still waiting and what we are hearing from them is they don't have time and they can't afford to wait much longer for more money for this program. neil? neil: all right. hillary vaughn, thank you very, very much. the ppp to which she was referring a a couple of her guests were referring to, personal protective equipment and this deal if there is a deal to be had that kevin mccarthy structured here, the republican leader in the house, would call for more purchases of that to help health care workers and provide more aid to health care

workers and hospitals on top of the $250 billion allocated to the paycheck protection program. we got a little bit in the weeds here. suffice it to say the deal is to be had, they've got to move fast to do it. charlie gasparino with us right now. also harold ford jr., former tennessee congressman. harold, i will begin with you. they obviously want to do something. the devil's in the details in getting it done fast, because this program has already been exhausted. it's tapped out. >> hopefully the wait over the weekend that senator schumer, at least what you just reported, if that is true, they will come back and help make business owners like the business owner you just had on, the cosmetic studio owner, help make her whole since she is doing the right thing by her employees and by her business. i think a larger point here is two questions. one, are we taking care of larger, bigger, more established enterprises quicker than we are taking care of smaller ones. it seems like the answer on the surface might be yes.

and two, how long are we willing to make these investments in main street across the country. that's a big question not only for the president but for congress. we have heard governor cuomo and other governors talk about the need for more funding for testing which is a separate issue, but a necessary issue if we are going to sustain keeping everyone intact. i guess my big concern is that we have been slow to take care of main street business owners, those who own the nail shops, those who own the barber shops, those who are small hotel owners and others who make up the core of local business across this country. i hope my concerns will be erased but at the moment i hear story after story after story of small business owners about the challenges and the stress they're facing. neil: charlie gasparino, on that point, governor cuomo with the broadsides against the president in that he's too busy watching tv in the white house to know what's going on, but he also said maybe a little less focus on business interests and more on some of the issues that i'm

raising, mr. president, but it's gotten to the nasty level here, what is the fallout from this, do you think? >> well, i didn't hear governor cuomo's comments but if he's saying too much influence on business interests, he forgets that people are really hurting today because business is being hurt by the shutdown. i think that's a very, very poor choice of words in this environment. i will say this. getting to the point of the stimulus plan, it probably -- they really made a huge mistake in the fiscal stimulus plan coming out of the government, just allocating $350 billion to small businesses. that's a drop in the bucket. remember what they did to shore up the banking system. the fed literally turned on the switch and did something like $10 trillion in a minute. the fed can do that. it has those type of extraordinary powers. it's really an independent agency, it doesn't answer -- it answers to congress twice a year, i guess. the president appoints the chairman but it's a post the

chairman can keep, essentially. the initial fiscal stimulus should have just been much more, much more focused on small businesses and somebody there, whether it was larry kudlow or steve mnuchin, should have understood the banking system better on how to streamline the loans. think about it. $350 billion in loans to a portion of the economy that represents half the work force. our economy is $20 trillion. you could make -- that trillion of the economy has shut down and to try to alleviate that, they are giving it $250 billion, $350 billion. that's a drop in the bucket. they didn't think through that. they were moving fast, in their defense, moving fast, throwing money at the problem, but they really screwed up with this stimulus plan in terms of the small business loans because the small businessmen, for example, if you are a trader on wall street right now, you are making

money. the fed is lowering interest rates, it's guaranteeing assets, you get fee income if you are a hedge fund and by the way, some hedge funds have applied for the ppp, because they have less than 500 employees. think about that, compared to a restaurant that is shut down. and the amount of stimulus going to those shut-down restaurants is trifling. now they are arguing over $250 billion. it's a drop in the bucket. it's not going to be enough. the end result is probably a worse recession than we are going to get otherwise. it's a very very sad situation. neil: harold, let me ask you about that. i'm sorry, charlie. this delay gets obnoxious, i know. do you think, harold, this exchange between the president largely tweeting and saying governor cuomo should do less talking and more doing, i'm paraphrasing here, couple nasty tweets, and the governor going back at him and said if you just

weren't watching television all the time, how many times should i say thank you and the president criticizing him for not being appreciative, it's hit, you know, a level of, you know, that i understand it's a very heated environment, people are tired, haven't had a lot of sleep, but other governors are expressing that, the president and his staff going after some of those governors. this is childish to me. it doesn't move or advance the ball. yet i understand it, but is it getting in the way of the, you know, getting back to business, getting our country back the way it was, when these guys are sniping at each other like this? >> look, a lot of it's politics. i happen to agree more with governor cuomo. i do think the money that's going to be taken, we are going to need to test people, is so critical and frankly, i don't believe people are going to feel comfortable going back to stadiums or restaurants or theaters and other public places until you have assurance that a person either does not have the

covid-19 from the testing and the antibody testing has been completed and obviously, we all want a vaccine. but i can't echo charlie's points enough about how it seems like the rich always get taken care of in these awful, stressful situations and we leave the small guy, the little guy, the everyday american, look, i understand the motivation -- >> harold -- [ speaking simultaneously ] >> but i think it's a little misguided what they're saying. people want to be taken care of. when you're not providing, you claim it's a program to help small businesses but it's not reaching small business owners because of a snafu in the banking system, again, we didn't have that problem 12 years ago when we were trying to help the big banks. those banks should have been helped but here we are today faced with this kind of challenge, and scope of a problem, and it seems to be a small bureaucratic challenge in getting the money out and for congress not to be able to approve the 250, charlie is

right, they will have to do another trillion to small business owners. the fact they haven't sent bigger checks and more checks to every household regardless of the income is really inexcusable. i hope that congress as they go home or i should say listen back at home or talking with voters and talking with small business owners, get a better sense of that, are willing to come back and put aside partisanship and do what's right. neil: all right. we well, hold on a second, charlie, just to be fair, a program this huge to sort of get exhausted and have snafus is not unusual. we had problems with the affordable care act on its launch on systems that crashed so this kind of stuff does happen. i get what you're saying. charlie, one of the things i just want to get a handle on is they are spending a lot of money, getting out a lot of checks to people. are you getting a sense that the check part that goes to people, it's going to have a measurable impact on those people and what they're going to do with it and

at least contains some of the concerns, or is it just baked into the cake that -- >> it's definitely going to help. every little bit helps. so it's definitely going to help. but remember, the reasons why the rich always get richer is because the rich get richer by the federal reserve which can turn on a light switch. again, and let the money flow. congress and the president, you get boiled down in a lot of bureaucratic, lot of political stuff, and that's why, listen, they are still fighting over 250 because of politics. that's the difference here. it's the way our government is set up. maybe the fed should have handled the whole thing. neil: who knows. who knows. it's a lot of money and it's going to come out the gate very very clumsily. thank you both very much. i know we have these delays that make it seem that i'm even ruder than i normally am. which is incredible. all right. just a quick peek at the corner of wall and broad. the dow is up a lot right now. maybe there is some relief here

that new stimulus is on the way. that's premature here. more buoyed by a promising drug, and i say promising in that it could offer hope for those looking for closure on the coronavirus. maybe too soon to say that. but markets like it nevertheless. charles payne will put it all in perspective. hey, charles. charles: hey, neil. thank you very much. good afternoon, everyone. i'm charles payne. this is "making money." breaking at this very moment, stocks are soaring as investors are rejoicing on signs the government may start to reopen very soon. >> we can begin the next front in our war which we are calling opening up america again. therefore, my administration is issuing new federal guidelines that will allow governors to take a phased and deliberate approach to reopening their individual states. charles: this improbable stock market rebound