what i have been doing. [closing bell rings] i'm following futures and breaking news how the market appear to open for the next day. we see a loss of 604 points for the dow jones industrials. thanks for joining us. we'll be back here tomorrow. see you on twitter live for liz claman live. connell: the oil price crash continues for a second day today, and stocks continue to tumble. this is the second day in a row we've seen that happening. we have a report that could shake things up tomorrow coming up here any minute. netflix had been flirting with a record high for the stock in the last few minutes. we'll see how numbers come in once they are out. good to be with you. i'm connell mcshane. melissa: melissa francis. this is "after the bell." the major averages closing down more than 2 1/2% as president trump prepares to meet with new york governor andrew cuomo this hour. fox business team coverage for you now.

blake burman with the latest from the white house. lauren simonetti is watching the markets. edward lawrence in washington. let's kick it off with lauren. lauren: hey, guys, two days of severe loss on wall street. dow, nasdaq, s&p 500 closing near the lows of the session. the past two days, during that time, the dow jones industrial average has given up 1200 points. nasdaq gave up 400 points last two days. if you look at s&p sectors, communication services, technology, were worth performing services apple shares down three% today. believe it or not, and go figure that energy was the best-performing sector although it was still negative. let me show you the price of oil because as oil fell, so too did stock prices overall. you're looking at may contract which expired. it closed at $10. look at the june contract, 13.

july, not much higher. we're seeing oil prices even in the future, all trading in tandem to the downside. the worry is is that demand is contracting -- charles: lauren, we'll stop you right there, because we have netflix. let's go to connell. connell: "fox business alert." melissa, it is coming out. we're looking at headlines, revenue of $5.77 billion for the most recent quarter is better than expected. stock ticking up 6% in after-hours trading. now earnings were $1.57. the expectation there was $1.65. now assuming those are comparable numbers, the earnings results, earnings per share would be just a little bit below expectations but again revenue is better than expected. we're already looking at guidance which also might be better than expected. i will look through it, as we look at netflix second quarter, one thing you say about netflix,

melissa. you get reaction. come back with more on the numbers, for all the companies, we had ibm yesterday, so many companies reporting, hardly anybody gives guidance. just the idea that netflix sees enough hey we're going to earn $1.81 a share in second quarter. we'll have 6 billion plus revenue in the second quarter, that would be seen as a positive. some of the streaming paid membership numbers are starting to come out. paid net additions of 15.8 million in the first quarter. that is a global streaming number. looking for an overall number on net subscriber additions. wait for that headline to come out. to recap real quick. we'll come back to talk about the guidance in some detail, melissa. $1.57 a share. little bit light. but the revenue figure is better. netflix has enough to give us guidance going forward. stock is up already 10%. there you go.

medical. >> we have deon a boone, deion, let me start with you, what is your reaction to the numbers we just heard? >> those numbers are good, very good. this is really when netflix had the time. they delivered big for the street and they did. see reaction in the stock price. going last i saw above $460 a share on these things. definitely well-deserved. netflix has a real opportunity here to capture market share that it may never get back and continue to shine for investors. >> liz that brings me to the next question, if it is at an all-time high, it picked up all the subscribers, because we're all stuck in the house, i wonder is as as good as it gets? is it a stock you would get into right now, or would you take your winnings on the table and sell like crazy? melissa, the one thing you never

want to do with netflix is sell the stock. its with the best performer over the last decade this is great news. market needed good news. the only negative in the picture they can't make any films. they can't produce any content right now. so, there is some question, are they going to be able to keep the channels filled with exciting new material but on the other hand, melissa, what's the alternative if you're sitting at home? [laughter]. melissa: well, i mean, adam, why don't you speak to that. what's your alternative? there are a lot of other services out there, streaming services and in the same way i only bought from amazon before all this started and then because i've been stuck inside

for so long and everyone else bought from amazon i had to branch out to discover new things i will keep doing afterwards. is it possible with netflix too, that people have gone through everything on netflix, now they're discovering other streaming services and maybe you know, again is this as good as it gets for netflix? what are your thoughts? >> well it is certainly possible. one thing that skeptics will want to get into, what is the churn rate, the rate at which people are canceling as opposed to rate people are subscribing because some percentage of their audience will look to cut costs because they're cutting costs in the household and they log off. that doesn't seem to be the theme of the day or the theme of the quarter. there may be alternatives to netflix but none of their competitors are making new shows right now either. keep in mind from a financial perspective, i'm sure they discuss that, when they can't make films production costs go down. that will improve profitability such as it is.

melissa: interesting. yeah, no, that's a great point. now it is a company more valuable than disney. connell, i hand it over to you. connell: one of the things i would add, melissa, deon would weigh in, i was making the point going through the headlines hardly he anybody is giving us out look in it environment. netflix says they will earn a lot more than people thought. $1.18 is the out look. estimates 1.66. estimate is under six on revenue. think about that, deon, in a environment almost nobody knows where the future holds netflix says we do, it will be a lot better than you thought. what do you make of that? >> yeah i think this may be a time that netflix out kicked its coverage a little bit. as i was saying they're in the sweet spot right now. this is the time when people first started getting laid off. getting stay-at-home orders. what is first thing you want to

do, flip on netflix and binge-watch the favorite show. as we go forward, we had 22 million layoffs that we know off. potentially 30 million. unemployment rate hitting potentially 10% or higher. as more folks start to get laid off, lose their jobs, the prospects for getting a new job look dimmer you have to start thinking what will i cut back? do i want to move to disney plus which of is a little cheaper? do i use a friend's netflix account instead of getting my own. things like that could start to hurt them. as well as when the coronavirus hits emerging markets where netflix is expanding on expansion international that could really hurt them as well in terms of number of subscribers and in terms of the growth rate. those are things they have to watch out for. as you said 1/5 of the s&p is not even providing guidance. the fact netflix comes out with this number shows they're very confident, maybe a little too confident. connell: that's interesting. adam, what would you say about that assertion or prediction

from deon, maybe netflix out kicks its coverage? it is providing positive guidance, better than expected going forward and on on the subscriber number netflix reporting more paid subscribers than expected when we're all locked down watching netflix every day but could they be getting ahead of themselves? >> this is a cliche. this is where investors earn their living. on one hand it is surprising and reassuring they are this rare company that can provide guidance. on the other hand it is not that surprising because their entire revenue base is based on their subscriptions which they know and they have a fairly accurate way of guessing at what their cancellations will be. they just know with great certainty what the next quarter looks like and, they're able to, they're able to provide that. now you as an investor, not for tomorrow or next tuesday but, if into the next quarter you need

to decide how long this holds. netflix, netflix is not telling you. connell: interesting by the way, the stock has come off the highs a little bit at 4.50 and change right now. so it is still up 3, 4%. it was up nine or 10% earlier. if it was to close there it would be a record tomorrow. liz peek, final word on this. you've been locked inside watching "tiger king" for pretty much the entire time on the quarantine. >> you got her. connell: there you go. >> that is the amazing thing, right? they keep coming up with pretty big winners. look, i think the whole streaming wars issue is just not much of an issue when so many people have become their audience overnight. look i think numbers are going to be good over the next six months or so. adam is right, this is something you can cut back on, man, i think it is pretty far down the list. connell: all right, guys. thanks too everybody, liz, and adam and dion, good analysis.

better than expected figures from netflix. more to come. melissa. melissa: somebody had to get the phone there. more than 2.5 million cases worldwide. this as the u.s. surpasses 800,000. at least 18 states announcing some plans to ease restrictions due to the coronavirus by may 1st as local leaders continue to trap pell how to reopen their economies. could be a major strategy shift. we'll have the latest other than the pandemic later this hour. president trump meeting with new york governor andrew cuomo at the white house later this hour. as the state struggles to ramp up testing capabilities. we have the latest on that meeting when we come back. it's best we stay apart for a bit, but that doesn't mean you're in this alone. we're automatically refunding our customers a portion of their personal auto premiums. we're also offering flexible payment options

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connell: this idea of forging a better relationship between the federal government, state government, highly anticipated meeting at the white house today. governor of new york andrew cuomo meeting with president trump and they have a lot of back and forth between these two especially in recent days. let's bring in blake burman as always monitoring that situation. they're meeting now, blake or supposed to be? reporter: they should be meeting now. you guys have been talking about netflix. this cocabinet flicks series in

its own right between the president and governor of new york especially what we've seen over the last few days. they have largely played nice in the weeks leading up to this but last week there was a very public spat between the two about the role going forward with the federal government as it relates to funding and to testing. during his daily news conference earlier this morning the new york governor said testing would be his main priority for today's discussion. listen. >> testing and what does testing mean and how do we do it and how can the federal government work in partnership with the states. from my point of view i think the federal government has to take that national manufacturer supply chain issue. reporter: they will be talking about that now. earlier today as well new york's mayor, bill de blasio warned that states and cities could go bankrupt if the federal government doesn't further help out with funding. in a tweet this afternoon urging congress to pass the phase four relief package that was agreed

upon this afternoon, president trump signaled that help for states is at the top of the next priority list. this is part of his tweet earlier today. he said, quote, after i sign this bill, middle ever the tweet there, we will begin discussions on the next legislative initiative with fiscal relief to, state, local governments for lost revenues from covid-19, much-needed infrastructure and broadband and entertainment and sports and payroll tax cuts to increase economic growth. connell there is the $2.2 trillions cares act. interim package just shy of $500 billion. now you have already got the president and other state leaders pushing for a phase four or phase five however you want to add it up at this point in time. connell? connell: all right. blake, keep us updated. melissa. melissa: here now is new york city councilman steven levine who joins us again. you have been on top of this

issue from the beginning and one thing i would ask you, it frustrates to me to see our lawmakers going to washington asking for money, then you see things like our entire homeless population moved on to the subways. they are not socially distancing themselves, putting themselves at risk, putting our health care workers who get on the subway at risk. you have pointed out there are lots of people traveling from outer boroughs to work at hospitals, to be health care workers, to work at grocery stores, putting their lives at risk as well. do you think our public officials have done enough at home and what about the subways? >> well i think that, particularly with the population that's homeless right now we should actually be using the empty hotel rooms that are throughout new york city. melissa: yeah. >> we don't have any tourists here. so i actually have a piece of legislation, a bill that would require the city to do that. we're hearing the bill this thursday, in a virtual hearing,

hopefully pass that soon because people that are in, either unsheltered or in a congregate shelter, that means a lot of people per room, that is a high-risk environment. we should be utilizing those hotel rooms. the fact of the matter fema reimburses -- melissa: 100%. >> yep. so there is a strong -- melissa: this is plan we heard before. this is a plan we heard before. couldn't the mayor have done that by now? i mean -- >> we should be doing it right now. melissa: money allocated to this? >> yeah. melissa: why isn't it happened? >> i'm, that is the question we'll be asking at the hearing on thursday. and so i have a piece of legislation, cosponsored by speaker cory johnson son to do just that. there is about 30,000 individuals either in congregate shelter or unsheltered on the street that really ought to be in a hotel room. that is for the safety of everybody. and because fema reimburses it, there is really not a huge cost

associated with that. i think it is 75%. it is a high amount. on the fema side. melissa: so, what do you think, as we're looking at the white house right now, the governor is there asking the president for money obviously, what do you think he should be asking for and do you think he is doing enough, our governor? >> well we do need the federal help on the supply chain for, for testing, that pcr testing, the tests for active infection where you have pieces of the supply chain that are not really there. we are going to need a significant revenue replacement here in new york city. we're looking at, our independent budget office said that we're looking at over 7 or $8 billion between this fiscal year which ends in june and next fiscal year, fiscal 21. that is the amount of revenue that we're going to lose in new york city. that is approaching 10% of our budget. we have, i've been in the council for, this will be my

11th budget. we never seen anything even close to anything like this, not in the financial crisis. not in '90s, i think last time -- melissa: can i say -- >> yeah. melissa: storefronts were empty. before the virus came along, you guys had dug a giant hole. the storefronts were empty and people are fleeing the city because of the tax burden. so there was already a giant budget gap before this happened. my concern is that you see lawmakers like de blasio trying to blame the virus for a problem that was already here, was already created. >> i mean we fought at the council to have more money set aside in rainy day fund. that is something we pushed for every year. i give your speaker cory johnson son making that priority every year, setting aside these reserves for just this type of situation but one thing i just want to do want to get to here what i would like to see the governor and the mayor focus on in addition to the testing are

the other pillars of a containment strategy because as we are now approaching a reduction in the number of cases, we will continue to do that, that reduction will continue to come for the next six weeks or so, as we're looking to reopen new york city, this is absolutely essential, we have to be able to have a containment strategy. testing is just one part of that containment strategy. test something a tactic in the overall strategy. the overall strategy has to include contact tracing. we need to hire up thousands of people in our health department to be able to do contact tracing. we have to team up with google and apple. they have a new operating system coordination that they're working on to make sure that smart phones are talking to one another, androids talking to iphones so we do contact tracing through bluetooth technology -- melissa: before we run out of time, can't you guys do that, can't you guys do that in the local post? isn't that one much your jobs to do -- >> it is essential, it is

essential that we do that on a local level. that's what i'm saying. there are things that the feds can do for us. the feds can help us out with lost revenue. the feds can help us out with supply chain issues. we have to be at local level, state level, do the things around contact tracing, setting up quarantine and isolation system that is effective and making sure we're, continuing to promote that social distancing even after we reopen. that means taking some of that burden off of the communities of color, low income communities in outer boroughs which still have to go into work. that is where they have been hardest hit by far with higher death toll, higher death rate and a much higher rate of infections. melissa: absolutely, 100%. i hope you come back soon. thank you for coming on. >> thanks for having me. good to be with you. melissa: connell. connell: all right. we have, well we have a finding in a new study we'll take a look at in a moment. it actually estimates the number of covid-19 cases in one

california county far higher than officially reported. this could be big in terms of getting back to work and we're going to talk to the dean at stanford medicine about that, it is a stanford study. that is up next. plus the massive sell off we've seen in oil here especially last couple days, what that could mean in terms of prices at the pump in terms of months to come. we'll be right back. and online tools you need. and now it's no different. because helping you through this crisis is what we're made for. so to breathe better i started once-daily anoro.

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connell: a "fox business alert" to go back to netflix just for a moment. we noticed the stock coming off the highs when they reported on earnings. they were strong earnings. basically unchanged in the after-hours session despite beating on second-quarter earnings, second quarter guidance and also beat expectations. a couple of things here. netflix has predicted third and its fourth quarter will have lower net additions than last year. lower net additions both in the third and fourth quarter.

and it says it expects its viewing to decline and its membership growth to decelerate as the home confinement ends. so almost like hey this is the best you will see for netflix. in fact the company added in its commentary, if company didn't join netflix during the entire confinement period around the world, they're not likely to join soon after. setting that up down the line. the stock, up 9% the stock is unchanged in after-hours trading. more to come. melissa. melissa: moments away from a senate vote, lawmakers on the floor after reaching a agreement to provide more funding to the small business loan program. edward lawrence from washington. edward? reporter: melissa, the senate back in session now. senate majority leader mitch mcconnell just outlined a proposal, a deal that was made with democrats to add money to the payroll protection program. within that they will add $321 billion to that program and

inside of that money, 60 billion will go to community banks specifically, 30 billion of that to the so-called non-or unbanked folks. now to get to that, republicans agreed to $75 billion for hospitals, $50 billion for disaster relief loans and $10 billion for disaster relief grants as well as $25 billion for testing. now that last one was the real sticking point in this. republicans wanted the states to be able to run their own testing. democrats wanted the federal government to mandate how the testing goes. in the end it is going to be a government, they're going to outline a federal strategy but it is really the states that will really do the testing as well as contact tracing. minutes ago, here is the senate majority leader on the floor. listen. >> it is unfortunate that it took our democratic colleagues 12 days to agree to a deal that contains essentially nothing that republicans ever opposed. in my view it is indefensible that main street small businesses and workers had their

assistance cut off for partisan leverage. reporter: now president donald trump urging the senate to pass this quickly. senator chuck schumer going out saying it was democrats actually that fixed the payroll protection program because they say it wasn't working the way it was supposed to work. bigger companies were squeezing out the little guy and getting those loans according to senator schumer. republicans though openly frustrated about the delay. listen. >> i'm worried the speaker sees this as a political opportunity and she needs to stop thinking about the next election, start think about the next generation. i give her this, she is consistent, whatever trump wants she is against. this is no time for that. reporter: now the house will come back into session tomorrow to take up this proposal. it appears now a vote in the house will happen on thursday. now because of the changes to the payroll protection program

the internally the small business administration will have to look at that, read it, come up with guidelines for the banks. so the money likely won't flow to those small businesses until next week. back to you, melissa. melissa: oh, unbelievable. edward, thank you. connell? connell: we're watching a lost things here at once. we have an update coming from the coronavirus task force at the white house. that should be in about an hour, according to the president's twitter account. says the briefing will be about 5:30 eastern time. of course the president's meeting with governor cuomo of new york. that is supposedly going on right now. anything out of the white house we'll bring you as we move throughout the hour. and then u.s. officials say they're monitoring these reports that came out that the north korean leader kim jong-un's health may be in danger after he underwent surgery. the addition we have to that today the u.s. government has extensive contingency plans in place we've been told if kim's condition worsens. so more to come as we get it on

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♪ melissa: a return to normal, different strategies are emerging on how to reopen the economy amid the pandemic. here now to discuss it, john bussey from "the wall street journal." john, you know that the governor of new york is meeting with the president right now and they're undoubtedly talking about how to

get things back to normal as the governor has said. he doesn't want to reopen things unless he gets money from the feds. a lot of focus is on sort of, how do we do this? one thought, yesterday that bill mcgurn was talking about going from protecting the healthy, but going to the helping the vulnerable. that we're sort of quarantining the wrong group. what are your thoughts? >> over 43,000 deaths in the united states, that is a lot of people that are vulnerable over 804,000 people that tested positive. i'm not sure, melissa, how you make that distinction. is it people in nursing homes? is it people over a certain age? melissa: yes. >> this is virus that is pretty non-denominational and is attacking all the age groups and the healthy as well. under, you know, under the age of 64, something on the order of

30% of the cases are happening to people that are under the age of 64. so and 30% of the deaths. so what exactly does that mean? is that kind of an excuse for governors to get around the necessity of protecting their populations while -- melissa: if i could just jump in for a second here. because, it seems like there is a significant amount much evidence that the people that, yes you can get it if you're healthy, but it doesn't have the same impact on you. the people that we're seeing get very sick and die have other comorbidities according to the doctors who have been working on this. i mean there are people who are older and in nursing homes, yes, those are people we really have to protect but people with diabetes, people with heart conditions, and a lot of younger people who did pass away as a result of this had some underlying condition they didn't actually know about beforehand. so it might become one of those things where, you know, do we send people back out who have

already been exposed to it and are still healthy, you know, like myself. i've been exposed to it but i never exhibited any symptoms. we can't, i don't know we can wait for testing for everybody, as you know the economy is in shambles. by the time we get all the ingredients that you need to make all the tests, to test enough people, that are in other parts of the wormed being held hostage, you know, that the ingredients, i don't know that we'll still have an economy left to go back to? >> well, that is the argument for opening up the economy and there is some validity to it. at the same time i think that there is also an understanding that it isn't just people with comorbidity. certainly that increases the likelihood of you getting sicker and of death. if you have some underlying condition. but it has attacked and killed a lot of people who do not have comorbidity across the age spectrum. so the difficult, the difficult

calculation that governors have to make right now is, how much damage is being done to their economies? can they fine a way to, at least in some respects, in some parts of their state open up their economies with some confidence? and to do that, melissa, you have got to have sufficient testing capability. you got to know what's out there. over 804,000 reported, confirmed cases in the united states. probably, an order of magnitude more than that because we haven't been able to test. when you say governor cuomo has gone to the white house asking for money, he is asking for testing capability to protect the population. and i think all of us want to know with confidence how extensive is the disease, has it been sufficiently flattened, that we have the confidence we can go back to work and know that authorities are going to be able to identify clusters when they arise again? melissa: yeah. although he did admit today in

his press conference that other governors have gone out and gotten their own testing materials and that his own daughter said to him why didn't you get your own testing materials? he will get money to fill the giant hole in his budget, which a lot of it was there before the coronavirus ever came. i don't know. wee agree to disagree. john. thanks for coming on. i appreciate it. connell. connell: we have a look at this new plan out on manufacturing coming up in a moment. manufacturers in many ways are on the front lines of all of this. we'll talk about how the industry plans to play a leading role getting us out of this. reopening the economy. the new plan is just out. we have the guy behind it coming up in a moment. we have the task force briefing that is set to begin 5:30 eastern time. the meeting, governor cuomo, president trump going on at the white house. anything out of that, as soon as it breaks. on top of all of that, huge story breaking in the sports world we're talking about. we'll be right back.

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only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ connell: back now with a really big story breaking from the world of sports. all protight end, rob gronkowski is set to come out of retirement and reunite with his old friend tom brady in tampa bay. multiple reports including one from jay glazer of folks sports,

that gronkowski is being traded from the patriots. he and a 7th round pick going to tampa bay in exchange for a fourth round pick. here on the phone is our sports guy jarrod max. fox news sports headlines 24/7. we have a lot going on in the world and the show. i didn't think we have get a sports story on unless it was a big one. this is one a lot of people talk about. what do you make of it? >> pretty amazing, rob gronkowski maybe wanted out of new england. we have seen him run the gamut. he has been selling cdb. he is working for worldwide wrestling. all along keeping himself in good shape. this is unbelievable news, it isn't so unbelievable when you believe gronk was in great shape and tom brady's primary target, almost a security blanket to have him. they won three super bowls with the patriots. tom brady is with the buccaneers. he got his man to play tight end

here. his agent drew rosenhaus told nfl network to play for tampa, $10 million per year. now the buccaneers can really start to become a serious threat because it was just recently we heard that one of the sports books had them better odds than the new england patriots on the win total. connell: quick point though, the first thing i thought of, when i heard about this, how starved we are in this environment to talk about sports. i think it was true the other day when espn ran the michael jordan documentary. got huge ratings for it. everybody was talking about it, ratings for it, people talking about something kind ever normal, talk about sports. i'm sure you hopped on the phone with us to do real quick just that, jared. we have a football season, we think they will, this is real team they have in tampa bay? >> it is a legitimate team. if you're in the nfc south not

just who tom brady will get as receiver but now gronkowski. arguably among the the greatest tight ends ever. he brought special gifts we haven't seen for others his size. it has been a quiet this week for sports. what is canceled or coming back, who is say we should come back such and such a date. seems more and more if we read the tea leaves we can start to make sense of this. sports will come back of course and it is going to slowly come back in baby steps without fans. we have a golf tournament that is scheduled. there will be four straight golf tournaments for the pga, there won't be fans that will serve as trial balloon to look to see how that works out. maybe we proceed from there. connell: you know, we're really getting ahead of ourselves because we don't know if there will be fans in stadiums. you know where the super bowl is, i think. it is in tampa bay.

>> this year the super bowl is in tampa. wouldn't that be something if that were the case. as long as tom brady doesn't get him seven arrested or anything. tom yesterday, a big story with the patriots of the day was that tom brady was working out in a park that had been closed. so they let them go on his way. he did in the get in any trouble. i just kept thinking if they had the big old marti moose thing, from the vacation movie, sorry folks, parks closed. maybe he wouldn't have realized. connell: he will be happy to be in the headlines for different reasons. teaming up with his old buddy if it all works out as being reported. jared, thank you very much. rob gronkowski only 30 years old, coming out of retirement to play with mr. brady. melissa. melissa: super bowl is in tampa. that is right. a major free fall. at least six states are seeing the lowest gas prices in over a decade. how long this record drop could last. that's next. plus the coronavirus task force will give its daily briefing in

the next hour. we will take you straight to the white house just as soon as it against. ♪. here's the thing about managing multiple clouds for your business. when you've got public clouds, and private clouds, and hybrid clouds- things can get a bit cloudy for you. but now, there's the dell technologies cloud,

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melissa: fox business alert. chipotle up after-hours. revenues came in in line after the company says it's withdrawing its previous fiscal 2020 guidance related to comparable restaurant sales growth and restaurant openings. chipotle trading higher by almost 20%. connell: let's talk about american manufacturing. industry production down 15% since the outbreak according to a goldman sachs estimate. the association of manufacturers has a plan to get the country

back on track and the industry back on its feet. jay, i know you presented your plan. i will start with a quick curveball for you. the president just wrapped up a meeting with governor cuomo at the white house. a few quick questions on sly chains. governor cuomo says he wants the federal government to help out when it comes to testing kits and sorting out supply chains he says new york has been having. how do you see the government working with organizations around the country getting us stuff when we need it. >> we'll make the can pe, the medical supplies. the cleaning agents, the sanitizing agents and food supply. we'll work with whoever we need

to to make sure our community is stocked so we can respond to these hotpots around the country. we have been working with fema, the coronavirus task force, and we have been working with governors to make sure the american people have the ppe they need. you will see the need for that expand even greater as we open up the economy. connell: it's one of the things you talked about in your plan. you want government to help out some of these companies in terms of giving them incentives to change what they are doing, retool their business and make ppes and other things. what's the role of government there? >> the senate is passing a bill that will replenish the ppe loan fund. and you will see that play.

that's obviously going to be a good boost in the arm for manufacturers and businesses of all types and sizes. we are hopeful as we transition from response which we are in right now to recovery and opening back the economy in three phases and go to renewal, we'll have incentives to bring manufacturing back into this country and start expanding manufacturing and supply chains here in the united states. connell: it seems like it might be one of the byproducts or side effects of all of this. time for one more question. as you present all these things, you say there are stables for how we recover and reopen. would you say you are on the side of getting this country back up and running as soon as possible or are you even counseling your members to have a more cautious approach to

things? >> actually both. everybody wants to have this economy open as quickly as possible. i certainly do. and i know everybody that i know wants to as well. but i can tell you this. i find it incredibly irresponsible for folks to be going out into the public unprotected with their children for these rallies. what happens is they are threatening my manufacturing workers. those people who have to be on the front lines every day. making the ppe and the food supply. they are risking their lives he single day when they go on to their jobs to keep us healthy, safe and well fed. and they are risking the lives of our first responders and grocery clerks and pharmacists. i want to get it open as quickly as possible. but if we continue to have these risky behaviors.

it will delay the opening or we'll have a rebound and we'll have to close down again. and believe me nobody wants that and manufacturers certainly don't want to see that happen. connell: we have to run. we thank you for all your thoughts. melissa: well, it was quite a market day after we saw oil tank, no pun intended yesterday. today looking at earnings coming out the chipotle and netflix. netflix hitting an all-time high. then there was the sports news. >> that was a distraction from things i think. i thought it would take a big thing to get the sports story on. the gronk coming out of retirement to play with tom brady.

we'll have a football season and that's something to look forward to, right? mel are * absolutely. that does it for us. thank you for watching. "lou dobbs tonight" starts right now. [♪] lou: good evening, breaking news tonight. the senate has agreed to a deal increasing funding to the wuhan virus relief package, $320 billion being added to the paycheck protection program helping 2 million small businesses and their employees. the agreement coming after weeks of delays from the radical dimms. in addition to the money going to the small business relief program, another $60 billion will go to economic injury disaster loans.