tv Cavuto Coast to Coast FOX Business April 23, 2020 12:00pm-2:00pm EDT
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strategic mayonnaise reserve. stuart: he put gobs of that. that is mayonnaise and a half. i like it. tuna melt is very american thing. i picked up on the habit big time. kind of like it. times up, everybody, at least for me. neil, it is yours. neil: is it safe to heat up mayonnaise in a microwave? i guess. there were a s.w.a.t. team of secret service agents. no. stuart, thank you very, very much. anyone knows the answer to that question, please pass it along. we're in the middle of a rally that continues. the big rally in oil. over the last couple days we retraced 50% in price here. those are still very, very levels on oil. we're getting some disturbing news out of some of the oil giants planning layoffs and cutting back on dividends, that kind of thing. the trend over two days is the
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friend. we're watching that very closely. we're keeping close eye on washington. we're focused on capitol hill. the house taking up the stimulus measure, relief measure, whatever you want to call it, to the tune of $484 billion. now the house physically there, in person, some wearing masks to make sure they get this done. let's get the latest from chad pergram, how this will all sort of fan out. chad? reporter: hey there, neil. this is the debate. they started 15 minutes ago on this bill, about $324 billion of this goes to small businesses. you might recall a couple weeks ago that fund ran dry. the cupboard is bare. the cost of this bill ballooned from $251 billion specifically to small business, to $484 billion as you say. house speaker nancy pelosi says democrats improved the bill. there is money in here for hospitals and testing. listen to the speaker. >> i'm very pleased that it was transformed from a bill two
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weeks ago on the floor where the leader in the senate said, this is it, 250. we're not doing anything else. that failed to get unanimous consent. at the same time other proposal was put forth. reporter: democrats are contending more money is needed for states. it is unclear if this small business fund could run dry again soon and the administration would ask for hundreds of billions more. house minority leader kevin mccarthy was non-committal. >> think about how much we passed already. this is almost, this is over 400 billion-dollar bill. the one before was more than two trillion. we should have that all implemented and working before we look to pass something else. let's see what the data what we need. reporter: there are two votes today. the first vote will be on the establishment of a select committee on coronavirus, and then they would actually vote on the bill. they will handle this vote this,
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series of votes much differently than they ever voted in the house of representatives. they will subdivide the house into nine blocks. members of groups of 40 or 50 will come into the chamber and have 30 seconds to cast their vote. they will be asked to immediately leave to retreat to their offices. in between the votes they will close down the house chamber. they will take 30 minutes to clean the house chamber. they will commence with the second vote later this afternoon. we're thinking may only be about 300, 350 members who show up for the votes this afternoon. neil, back to you. neil: fascinating. thank you, my friend. chad pergram following all of that. what is happening now with the funds allocated as part of this extra 320 to 360 million bucks coming small businesses way. the president made very, very clear. he doesn't want to hear anymore examples of a harvard endowment fund getting money not meant to be part of this program or shake shack having to turn back $10 million that it got
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originally in the program. those are not the type of intended recipients for the aid. the president wanted to make sure the guidelines are adhered to. and it is strictlyonly given to small businesses but the devil is in the details. blake burman on all of that. hey, blake. reporter: hi, there, neil. starting to see continued reaction who got money in the first go round of the cares act and ppp, small business loan program and questions about whether or not those companies should have gotten it in the first place. for example, there are over 40 public companies who got money that round one while many mom and pops are still trying to wait for their money, potentially in round two. so today the treasury department put forward 11 pages worth of guide lance and they singled out at one point public companies as well saying, during the guidance, at one point, quote, it is unlikely that public company with substantial market value and access to capital markets will be able to make the required certification in good faith and such a company should
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be prepared to demonstrate to the small business association upon request the basis for its certification. meantime over at the white house today, neil, officials i spoken with are quick to push back on georgia's reopening plans. the white house is saying that governors should be taking the lead but the way georgia is going about it, allowing reopening of things like hair salons, tattoo shops and bowling alleys doesn't meet the phase one guidelines. congressman doug collins says his georgia district is seeing increase in coronavirus cases. he added his concern. >> clear communication has to happen. when you tell people stay at home, yet we're going to open certain businesses that creates a problem which people are not sure what to do. reporter: so, neil, those two stories a part of the delicate balance going forward. who should receive money and who
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shouldn't, along with how should the states and areas reopen and when and what is an appropriate reopening look like. neil? neil: blake burman, thank you very much, my friend. all right, you might write this down in pencil right now. 26 million americans, just shy of that who filed unemployment claims over the past five weeks. that number wipes out all the job gains we had from the great recession and all the comeback we were making this is almost entirely coronavirus related. one thing that is getting attention though is that the trend was down a little bit from the prior week. the prior week was down a little bit from the week before. so, grasp on anything they can. jackie deangelis following all of this right you no. hey, jackie. reporter: good afternoon to you, neil, that's right. because there was a little dip last week, i think there is optimism in the market. 4.4 million people filing for jobless benefits in the weekended april 1th.
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that was last friday. march 15th, to about today, as you said 26 million americans lost jobs because of the coronavirus pandemic. ubs is saying when this is all said and done, that figure will be closer to 50 million people. now it raises fresh questions about when to open the economy, when to get people back to work. many unknowns still as the states are trying to manage their individual situations. the first friday in may we'll get another monthly jobs report. unemployment rate went up to 4.4%. that was up from the 50-year low. high does the unemployment rate go? the may report reflect actual april numbers the worst of it or will this continue through may and sort of prolong the pain for unemployed americans? want to switch gears for a second and talk about another data point which is new home sales for march. new single family homes, the sales dropped more than 15%. it was six 1/2-year low as a matter of fact. it makes sense under
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stay-at-home orders folks are not shopping for new homes or contemplating making a big new purchase like that. the final piece of news here the gap says it stopped paying rent in april for stores that are shut down. this is a trend we've seen. staples has done this. and the concern other big retailers are going to do this as we move forward. the goop says it needs other forms of liquidity. one way to do that is unfortunately slash more jobs. the second way, try to obtain financing which is a difficult thing to do right now. neil, if this is the start of a trend, it will be a sign of a bigger problem. back to you. neil: all right, jackie, thank you very, very much. meantime as jackie was wrapping up there, we're getting numbers out of new york state on hospitalizations. that is a forward-looking indicator. i know you hear about deaths. tragically they're the last step in this process. you want to see how many come into the hospitals to sort of fan this out, get an idea where we're going. the trend is certainly the friend in the empire state right
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now. the governor reporting that hospitalizations fell by more than 500 on april 22nd from about 15,599 a day earlier. this continue as trend i believe now, 10 days in a row where hospitalizations have been falling. that is among the criteria that they look at that, and drug testing which would prompt the reopening or shall i say the reconsidering of strict at-home provisions in states like new york and a host of others. many of whom said we will consider dialing things back in the middle of may. this might be further ammunition to seriously consider that. so we'll keep you posted on that. i want to go to andy card, president george w. bush's chief of staff on these developments. you know i mentioned that, andy, always good to have you, that is the balance for governors, that is the balance for each and everyone of them, because there are different trends in different states and georgia, the criticism of a republican governor by a republican president is that he is moving
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too soon. in new york, cautious optimism that maybe this might prompt an easing of restrictions sooner than thought. what do you make of it all? >> first of all, states are the laboratories of democracy and we see laboratories, science just trying to find the cure. we find laboratories of testing companies trying to discover who has it, who doesn't, how best to test people and the states are laboratories of demcracy finding out what might work. i'm in favor of different experiences governors are trying to deal with, and see how they deal with it so we learn from them. prudence is always better than irrational behavior. i think the governor of the georgia acted too fast to open barbershops and hairstylists and tattoo parlors. i wouldn't have done that. i hope he take the president's advice. president has been very forward leaning, he is saying on this one, lean back a little bit, judge what will happen slowly so
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we don't create a bigger problem by having return of the pandemic in places that maybe didn't realize they were in the middle of it. neil: you know i think part of the problem with the governor kemp was that he didn't talk to local mayors, he didn't talk to other people. he might have, i'm not there, but they were caught off-guard. certainly i know he had telegraphed to the president what he was planning to do, the president was saying he didn't think it was a good idea. dr. anthony fauci indicated the same but, i would assume he knows his state. he knows how things are. i doubt he will dial this back. so is there a danger here when a governor sort of goes off the reservation and makes a move too soon? to your point the constitution gives that governor the power to do so but are there any mechanisms in place to reverse it, if it is deemed to be a public threat? >> well i'm hoping that the
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mayors and the county officials and small government officials will put their thumb on the scale and say, hey, slow down a little bit, maybe, they can exercise a little bit of control over what's happening. again governors don't have any impact on intrastate transportation, an intrastate business but governors do have a big role what happens in their state and they should pay attention to the mayors and local elected officials in the counties and small are towns, say, what do you think we should be doing in your jurisdiction? how do we make this fit? maybe the governor could give unique counsel to different counties the way he wants to do things differently than new york does. maybe he should recognize atlanta wants to do things a little different than some other small town in georgia. neil: you know, you can attest to the suddenness of something that turns everything 180 degrees south. for president bush it was the financial metdown in the final months of his administration
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that seemed to come out of nowhere. there is a lot of second-guessing what people should have known, not known, i get that, but this virus is getting the same type of treatment an impact. now that financial meltdown took years to recover from. i'm just wondering what your thoughts are on this one, and how the leadership styles in addressing might expire, contrast. what do you think? >> well i think, in the context of the climate of politics. let's not forget we're in the midst of an election year. so politics is going to play a role in everybody's dialogue. i don't think it should play the role it does, but reality people play politics at this time. i actually think it is premature to second-guess the decisions made by leaders trying to do the right thing. so give leaders of the benefit of the doubt. yes, if you're a governor, blow the whistle, say i need help. don't say you need help to create a political advantage. you need help to create a better place for your constituents and where they need to go.
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so that's one thing i would caution against, don't be hyper poe lit tall in time of stress when people are looking for confidence in their leaders. the second thing i would say, acknowledge that the federal emergency management agency is there to help. now the states will have to ask for reimbursement what they spent. be careful about what you ask for. maybe sure you anticipate to have to reimburse it. pay attention to the obligations to meet debt requirements and i want the federal government to have more sympathy for challenges states will have trying to pay this debt. i think they should take a look at the state and local tax deductions again. states may need relief from that. we want to give people more incentive to pay their taxes making sure they can deduct it on the federal income taxes. there are ways for the small business community. i liked mark cuban's suggestion, maybe the banks should give a line of credit to very small businesses so that they can
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have, over write a check going to payroll. get benefit of the doubt having a cushion at their local bank as they're meeting payroll concerns. this is very small businesses with, that are trying to maintain a position where they can get back into the business of making money and making products for people and giving services to people in a district. neil: you know those are not bad ideas. andy card, thank you very be very much. great catching up with you. continued good health, my friend. those are good ideas. to the point and something andy raised here, thank you, my friend, freddie mac and fannie mae, the lending agencies that back up a lot of mortgage loans and all, they're considering doing something that could be helpful in the freeze among mortgage lenders, backing them up in the process of when you're applying for a mortgage. we'll have a little bit more on that. it as you new wrinkle that could boost the real estate industry. it needs boosting as we've been
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telling you between new home sales, existing home sales, construction. it is like flat, flat. going nowhere fast. we're on that a little bit later. we're on the comeback in oil prices right now. exxon, chevron mobile, you heard this drill beef. premier components within the dow. they are boosting this puppy up. keep in mind a little more than 72 hours ago we were looking at negative prices for oil. $17.58 for a barrel of oil? yeah it is still low but the markets are taking it and liking it, after this. ♪.
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neil: all right, you see a big run-up in oil prices. depending on the contract up about 15% over the last couple days but here's the drill. it wasn't that long ago we were looking at 100-dollar or more barrel oil so getting used to levels even here, come back though they have, that will take some getting used to which is why so many of the oil players, drillers, distillers, all the rest, have announced job cuts or certainly cuts to their dividend which draw a lot of investors to
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those stocks. meantime phil flynn what he is seeing and what he is happened capping for the weeks and days ahead? good morning phil. >> this oil rebound is good to my heart because what it is saying that the u.s. oil prices are betting on a comeback for the u.s. economy. a few hours ago we were talking about negative oil prices and of course that led to a lot of concerns that maybe the market was broken, maybe something was wrong, something was rotten in denmark but what it turn the out to be was a market function that actually probably created the environment for a market rally. the reason why i say that, prices were selling off, consumers were worried there was not enough places to put oil which was probably true in the short term, but when the prices went negative it, inspired a lot of people to find storage we didn't even know we had. some of those concerns about running out of storage have been alleviated and pushed back maybe a little bit. it hasn't ended the threat but
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at least the market working found different ways to maybe put off the what some people say is inevitable. now, with the recent reports from the department of energy suggesting that maybe, just maybe, the worst of the oil demand destruction is over, the markets are looking at a market that will see maybe less production in the future but demand coming back. so now we're seeing optimism in the marketplace that maybe the worst is over for oil prices. neil: in the meantime, phil, where does all this oil go? between tankers coming here, oddly enough, a couple from saudi arabia, that blew me away, we're all tapped out i guess. >> yeah. neil: i'm wondering it is almost like a viable time to get oil at these prices and you do want to store it, you dough want to save it somewhere you about save, some talk of railcars and the rest, where does it go, where can we put isn't. >> you know i think right now
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we're seeing that every available railcar in the country is now opening up for oil storage. any available tanker, because you can make money overnight, because the market is telling you, hey, we know the demand for oil is terrible, we know there's a glut today but we'll see a much tighter market in the future and the reason why that is, is because what you said in the beginning of the show, a lot of these oil producers are laying people off. they're not going to produce oil. it is called production destruction. we heard about demand destruction. everybody knows what that is now because we've seen it over the last couple months but longer term we're going to see production destruction. even though we have a glut today, we're sewing the seeds for a tight market down the road because a lot of these investment dollars that would normally go towards expanding production isn't going to happen. i think that is what the market is saying but it's also a good story, neil and i'll tell you why. because it creates opportunities for the market to recover at a
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later date because, let's face it, we'll need higher prices to bring u.s. energy market back. neil: we'll watch it closely, my friend, thank you very, very much. >> thank you. neil: neil: phil flynn. meantime we he would told but hospitalizations going down, death counts going down, the fact of the matter, i think people forget this, 80% ever the people who test positive for the virus. they survive. they're the weapon against this. their blood plasma. that is the weapon. a woman leading the charge, a survivor, who is happen to be that weapon, to rally other weapons to help the country. after this. ♪ ♪ ♪
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state, of all places, eppy center of high number of cases across the country but seeing encouraging news on hospitalization front. these are the data governors will look at amid reopening as protesters want it open sooner rather than later. hey, david. reporter: hey, neil. we got revealing data from new york governor andrew cuomo in the daily briefing. just under 14% of all new yorkers are presumed to have had the virus. the governor said throughout the past few days in the state of new york, 3,000 people were randomly tested. the people were chosen at grocery stores, big box stores, other locations throughout the state. these were people who were not self-quarantining. these were not people who were considered essential workers. they were out shopping. of those 3,000 people, 13.9% had
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the antibody showing one point or another they had the virus. that means that roughly 2.7 million new yorkers statewide were infected. the governor then went on to say that 15,500 people have died. meaning the death rate is just about one-half of 1%. but he did offer a caveat to say this was an initial data report. listen to the governor's own words. >> we looked at what we have now as a death total, which is 15,500. that would be about .5% death rate. but two big caveats. first, it is preliminary data. it is only 3,000. well 3,000 is a significant data set but it is still preliminary, and when we say there are 15,500 deaths, that number is going to go up.
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those deaths are only hospitalizations or nursing home deaths. reporter: the governor also today announced there would be a joint investigation by the state attorney general and the department department of health of nursing home in new york states. more than 3,000 nursing home residents have died. they are considered especially vulnerable. the governor has come under a lot of criticism for failure in the eyes of some not to more aggressively regulate nursing homes. the governor said today that nursing homes that violate state guidelines and rules face 10,000-dollar fines and possible loss of their license. lastly, the governor spoke out and criticized senate majority leader mitch mcconnell saying that the senate majority leader's remarks, that states should declare bankruptcy if they can't handle their finances in light of the ongoing covid crisis, the governor criticized mcconnell and new bailout legislation that does not
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provide assistance for states. he said that mcconnell's suggestion was, quoting the governor now, one of the dumbest ideas of all time. lastly, neil, one statistic, very sobering statistic, that underscores just how serious the problem is here in new york state, in the last 24 hours the governor said 438 people lost their life to the virus. that is down somewhat from the 474 the previous day but still an unacceptable number. neil? neil: to your point, it is 438 more dead today than were dead yesterday. i don't think we can stress that enough. thank you very much. david lee miller on that. there might be potential good news here and it could be found in some of the 80% who survive and ultimately beat this virus. that's a remarkable number who do. now they all don't necessarily qualify to sort of have the
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secret blood and plasma that will help other people get better but a good many of them do. diane who has been dealing with this, covid-19 survivor, she started an organization to get that help and blood plasma to folks that need it. she practices, lead the charge what she preaches. diane, very good having you. how are you feeling first off. >> i'm feeling great. you're looking at face of fully recovered covid survivor. i in fact went donated my plasma for the third time yesterday. i also participated in multiple other studies. neil: now how did you know or did doctors tell you what you got here is unique? you're not just a survivor but you might be a secret weapon to help others out? >> absolutely. basically my body created, it encountered the novel virus and created antibodies it needed to fight it off. i now have the antibodies in my
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system and i did have a follow-up diagnostic test to make sure that i no longer had the virus in my system. one thing we are seeing, is that people are showing up with the virus in their system for much longer than we thought. so keep that in mind if you're looking at the guidelines when to release yourself from quarantine. but in addition to that, i was given an full antibody test and showed concentration of my antibodies. the icings on the cake i'm a universal donor, only four or 5% of the population. the doctor said my plasma is like liquid gold. neil: could you give me a idea on your own timeline, diane, when you first discovered you had it, how long you were either in quarantine or being treated, then coming out of it to the point where you look great today but, can you explain what you went through in the timeline? >> yeah. so i was exposed on the evening of march 9th. it was at a business type
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meeting of eight people, so under the recommended 10. at a time there was even before a term called social distancing. everything was still open and of those eight, i believe seven of the eight were infected and one tragically died from covid, who was exposed i assume at that same meeting. i presented with symptoms on friday the 13th. there is nothing subtle about it. i had 102 fever and a respiratory infection and the symptoms persisted for about 10 days. you know, i could go into but everybody's symptoms are so different that i don't want anyone to look at my symptoms and try to analyze their own situation because, covid really present as a constellation of symptoms with each person having a different subset. in terms of giving back and using those antibodies to help others we were finding that really it is a 21 to 28 post-symptomatic gate that you're most affected because,
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higher likelihood you no longer have the virus in your system and your antibody count is higher. neil: finally, as someone who had to endure this, are you comfortable with people getting, getting back to work, however they do it, or does it make you nervous or, how do you feel about all of that? obviously economic rush, i understand it, but then there are people who look at you, say, gee, i don't want to deal with what die nan dealt with, so how do you balance that, how do you feel about it? >> so right now we are being given this binary choice between saving economy and saving lives and i see survivor corps as off-ramp to do that, for it to happen we need proper testing and one thing i'm concerned about, rule out of all these antibody tests who have not gone through the full analysis to make sure they're effective around they don't give you the full picture, these at-home kits
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being rolled out. they give you a simple black or white, similar like a home pregnancy test. if you took a home pregnancy test, you got a positive or negative, first thing you do you go to the blood around have the hormones checked to find out just how high your hormones are. once the testing in place plus also a negative dyings to tick test to make sure you're not contagious that could be at route to getting people back to the workforce slowly, making sure it is done safely little and shelter people at home still vulnerable. i don't think it is either/or or state by state basis. i think way to do it, proper testing and germany with immunity passes, but maybe not call them immunity passes quite
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yet until the science bears that out completely but there are strong suspicions but at least you're not contagious. that said, you still do have to be careful because even though i know for a fact that i am not contagious i could still be tracking it on my shoes or on my clothes. so we have to make sure it is done in the safest possible way. you by see this as really off-ramp to false binary choice between the economy and lives. neil: i like that. diana, continued good health, feel well. thank you for sorting this out for a lot of folks, helping a lot of folks in the process. we have a lot more coming up including what people are doing when they're sheltered in place. they're not just cocooning and doing nothing. they're shopping, a lot. a real lot. historic a lot. after this.
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soon, people will be walking back through your door.. soon, life will move forward. we'll welcome back old colleagues, get to know new ones some things may change, but we'll still be here, right here, so you can work on the business of getting your business back. at paycom, our focus will always be you and we'll see you soon.
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dropping to near record lows, my team at newday usa is helping more veterans refinance than ever. the newday va streamline refi is the reason why. it lets you shortcut the loan process and refinance with no income verification, no appraisal, and no out of pocket costs. one call can save you $2000 every year. call my team at newday usa right now. neil: we could be hours i away from house approving, sending off stimulus relief package. that will include a lot of money for small businesses. yeah, just small businesses. charlie gasparino is looking at fine print, where this could be going, because that has has been bone of contention i guess.
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charlie? reporter:ring on the problems as i said in other problems, fox business was ahead of this, we saw this with loan part of the ppp program, stimulus plan, that small business, real small businesses weren't getting the money. somehow there were loopholes allowed large private companies getting through the bureaucracy, get the money fast. hedge funds, other entities, like that, got stimulus money ahead of coffee shops and salons. cordtoring the treasury department, i know because i spoke to the treasury department officials about this, to sort of tighten up the rules and here's what we have now. there are still loopholes, just so you know but better than nothing. basically what they're saying is that large profitable companies that could theoretically apply for the loans, have to do so in
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good faith. that means if they really don't need the money this, is the interpretation that the treasury and sba put out, they can get the money clawed back, they could face some legal issues from the federal government in the end. again it is closing, it is not quite a total closing of the loophole but it is better -- and again, neil, you have to get a lawyer to look at this, self-policing rarely works. i covered securities business for years, when it was self-policing based on the self-regulatory nasdaq -- new york stock exchange. it never really worked looking at wall street fraud. i can't imagine it will work here. but the treasury department is basically saying the onus is on you applicant, you don't really need the money and you're big profitable company and you can do without it, you apply for it, we can theoretically come after you after the fact. that is one way they say they
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are closing loophole. i don't really see it being closed because of that. couple other factoids, neil, if house approves it today, theoretically loan money going out maybe friday or monday of next week. i hear this thing is going to be depleted within days, given the backlog, demand from real needy small businesses that did not get the first round of money. this thing could be gone in a matter of days. it looks like the process of applying for the loans is a lot better this time around. the banks have their act together, it is more streamlined. wells fargo couldn't, that is one of the nation he's biggest bank because of some scandal forced to keep higher capital requirements. they're back in the game. this time around bureaucratic snafus have been dealt with. we'll keep on the story. it is a big story. small businesses represent -- of the american workforce. a lot of them got screwed on first part of the loans, the
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loan applications. hopefully the money gets to them now. of. neil, back to you. neil: all right, charlie, thank you very much. charlie gas -- gasparino following that closely. we have been following retail numbers. some are not great but others benefited from all this cocooning at home we're doing, because a lot of them choose to buy stuff from in fact numbers that are staggering. lauren simonetti on that. hey, lauren. lauren: neil, it is a sign of the times how we're committing these days and ordering online and shopping on line. that includes food. let's take a look. domino's pizza reported earnings this morning, they said between late march and now, online sales grew more than 10%. chipotle yesterday, first quarter, digital sales up more than 80%. it is not a restaurant but take a look at target. a four-fold increase in on-line
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sales in just the month of april. that is like cyber monday times two every single day this month. the national restaurant association says look, if you look at the restaurants, six in 10 of them, in order to keep their doors open essentially right now, they have turned to some form of online ordering or take out or delivery. it is very costly for them. if you take a look at the cut that post mates and door dash and uber eats take, could be as high as 25%. we reached out to door dash. they say they are cutting some much their commission fees. uber eats is cutting some of their delivery fees but if you're a texas roadhouse or cheesecake factory or olive garden, just shifting to the new model this could be expensive for you to do. hey, i guess it is still business. back to target really quickly. i told you their digital sales increased 275%. guess what? more of a sign of the times. we're buying food and essential items. we're not buying expensive things. we're not buying clothing. we're not buying acts
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accessories. not to mention labor costs are going up. target besides those good numbers are not a winner today. neil. back to you. neil: thank you, lauren. to get medical supplies to people in this environment, that could be very tough. how will they get to them by drone? this next fellow is teaming up with ups to make that possible. his name is tom walker. he owns a company called grown grown -- droneup. tom good to see you. >> neil, good to be with you. neil: how does this work? you're teaming up with ups to deliver medical supplies. how will that work? >> well, that is presticely why we did this exercise, was to answer that very question. you know since, since the pandemic broke out, questions from all different levels of government and the public sector have been, why aren't we using
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drones, how could we use them more effectively, our response to the question, we don't know the answer. we don't know exactly how it could work. there are policy questions and fundamental operational questions and safety questions. so the purpose of this exercise was just that, it was to determine what we could do today, safely and efficiently that may bring the benefit of drone delivery to the front lines but also learning what we need to do better, whether it is policy, process, policy, training otherwise. that is the whole purpose of this exercise we just completed was. neil: so obviously the drone has to capable, going up in the air, carrying, in this case packages or bags what have you. that is a special type of drone. how do you sort through the logistics of that? >> it is not necessarily. what we wanted to test for this particular exercise was the
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scalability of engaging consumer. like 10,000 pilots who work for droneup throughout the country and using readily available platforms our pilots use every single day using other missions, could we retrofit those, could we utilize those to do delivery? what we proved we can do it and do it very efficiently. neil: so for ups, how does it work out with, let's say with a ups, how do you coordinate that? do they have the packages? do you take it from there, vice versa, what happens? >> well you know, one of the things we knew going into this is, is droneup and our organization we know how to operate drones. we know how to fly groans. we understand the regulations and policies but we're not a delivery company. ups is the ultimate in delivery. they understand it. they understand how to do it
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efficiently and appropriately. so the partnership really was leveraging our talents and understanding how to operate these platforms efficiently. working with them to develop actual delivery strategies that make sense, not just for this current pandemic but for future events and ultimately down the road, hopefully retail delivery operations. neil: all right. i wish you well. this is very interesting concept here. could help a lot of folks. tom walker, thank you very, very much. i do want to bring your attention, what you've been seeing in the dow here, it had a drilling-drop off. we're getting -- big drop-off. we're getting reports that the potential gilead treatment has been having problems in trial. that the benefits not panned out in one of the initial trials. that seeps it to have taken the wind out of the virus sails, here exclusive, it would be a big catalyst, the very news of
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first trial. this was first reported in the "financial times" and has now extended with a confirmation that it's had problems in early trial tests. shares are temporarily halted since reopening, it is down about 3.5%. we are keeping an eye on this on a host of other pharmaceutical players and those with any ties to any potential treatment, vaccine, that could address the virus itself. this is a little bit bigger than gilead. i think we have some other names we can show you. if not, trust me, the entire sector, i notice, went from positive to negative just on this news. we will reveal those names. a lot of them well off their highs right now. some of them are considered to have more promising prospects and partnership treatments than with gilead working largely alone. we don't want to overanalyze this. we just want to put it in perspective. the market got wind of this,
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temporarily sold off. it's trying to rebound right now. the dow up about 167 points. but something that looked promising that might not be, at least at first thought. still early. anything can happen. any other developments out there, we will keep an eye on it. also keeping an eye on the real estate industry and housing industry. as you know, a lot of people go into forbearance or stop paying their mortgages. that's something that's affected better than three million americans. but there's no way to get others interested in either that market without adequate backup from some of the big players like fannie mae and freddie mac. right now, a move is afoot to maybe indicate they are going to play a role. hillary vaughn on all that. hey, hillary. reporter: well, mortgage rates have increased slightly. new numbers out today from freddie mac show a 30-year mortgage at 3.33% while new numbers from the mortgage bankers association show that over three million americans have stopped making their
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mortgage payments due to the coronavirus pandemic. that's a problem because while the cares act that congress passed is giving much-needed relief to homeowners who are out of work and cannot make their mortgage payment, it puts a lot of pressure on mortgage servicers who are obligated to cover skipped payments for homeowners and pay investors who own a loan, even if the borrowers are delinquent or in forbearance. so congress is asking the treasury to make servicers or help servicers get access to liquidity while they feel the squeeze of millions of americans missing their monthly mortgage. house lawmakers writing this in a letter to treasury earlier this month saying quote, the mortgage industry cannot shoulder the entire onus of government actions to protect american homeowners impacted by covid-19, when it does not have access to needed liquidity to execute those government actions. the federal housing finance agency has made some changes since that letter was written, now allowing freddie mac and
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fannie mae, giving them the green light to purchase loans in forbearance which was previously not allowed. fhsa director mark calabria announcing this, quote, purchases of these previously ineligible loans will help provide liquidity to mortgage markets and allow originators to keep lending. another change made tuesday will now relieve some of the strain on servicers. they are now only required to make those payments for four months for any borrower in forbearance and after that, they are off the hook. neil? neil: all right, hillary, thank you very much. hillary vaughn following that in washington where they are also following a stimulus measure and i will get to that in just a second. we are finding out more about what the heck happened here with the gilead antiviral drug remdesivir. it's apparently failed in its first trial. the "financial times" reporting that it was a chinese trial, even though it's a california-based company, gilead sciences, and it did not
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improve, quoting here, patients' condition or reduce the pathogen's presence in the blood stream. apparently some 237 patients were studies, giving the drug to 158, comparing their progress with the remaining 79. the drug also showed significant side effects. early in the process, there are follow-up clinical trials and the rest but the early read on this is it didn't do the trick, it was not, you know, optimistic or upbeat as some had originally hoped for. that often happens with a number of treatments out there. last count, there are about 74 different vaccines and treatments that are being looked at to address anything from the virus itself to some of the side effects and some of the more, you know, health damaging aspects of it. but that has weighed certainly on gilead. took a bit of steam out of the market earlier but as you can see, the dow is clawing back right now and some of those big names we're showing you like
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abbott labs and you know, you're seeing it certainly in amgen, biogen, they were much, much higher. they are clawing back a little more. i don't want to overread this. just to let you know, that initial test, that's where a lot of the focus was last week, there might even be a cure, was probably a bit of a leap. even the company itself had failed to indicate that. in fact, the company was very quiet on this. it did very little boasting about this, just saying trials were going on and then they would let us know. now we know. at least one of them didn't go well. all right. let's get the latest in washington right now and the stimulus measure that should be voted on fairly soon. it's a surreal environment. edward lawrence has been following it. the house members who are attending, a lot of them wearing face masks and being very guarded about distancing, right? reporter: it's going to take place in probably the next 30 minutes or so as the debate is finishing up related to this.
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because of social distancing, the vote will actually take place in nine groups and they will go in, then leave, and go in and leave. you are looking at a live shot of the floor. you can see members are wearing the face masks, they are staying away. nobody in the seats there back behind. so then once this is all passed, it's expected to pass, it will take about 90 minutes, the bill will be enrolled in the house, then it will be enrolled in the senate and goes over to the white house for the president to sign. now, as this debate is going on right now, the treasury department has changed the guidelines to get the payroll protection program. they say now businesses must certify that they actually need this money and they can't get money from any other source. that would leave out some of the large companies and some of the issues they face. republicans are saying this is a vital program to the economy. >> today's bill makes it possible for families to stay connected to their work. local businesses can keep their lights on. once we get to the other end of
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this, we will return to a safe healthy america for our seniors, our children and our grandchildren. reporter: the bill has $321 billion for that payroll protection program, $75 billion for hospitals, $60 billion for disaster relief loans and grants, and $25 billion for testing related to the coronavirus. house speaker nancy pelosi says this new round of funding for the payroll protection program and other funding will all help but is watching to make sure it's spent properly. >> the american people have told us they do not want any taxpayer dollars when we did our earlier bill, they do not want any taxpayer dollars going to enriching shareholders, dividends, bonuses, ceo pay, all of that. they want the taxpayer dollars to keep people in their jobs. reporter: a source in the small
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business administration is telling me they have already looked at the changes in the payroll protection program to come up with guidelines for banks. the source tells me the goal is to get the guidelines out on friday so the loans can start being written again and processed again starting saturday or sunday. back to you. neil: all right. that would be pretty swift by washington standards. certainly by any government standards. thank you very, very much, my friend. lot of focus on a lot of these states and their plans to reopen. you might recall the georgia governor got a world of heaping criticism including all the way up to the president of the united states for choosing to kind of reopen his state right now, or parts of his state, this very very week but that notwithstanding, the protests around the country over other governors who are not even thinking of doing that or continuing to keep lockdown provisions in effect has not been going well. in fact, it's accelerating right now. we are following all of that, hey, matt. reporter: right now there's a
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protest under way outside of the governor's mansion in michigan and it was also just last week in michigan where hundreds of cars created a very large gridlock protest outside of the state capitol there. americans in dozens of states now have protested their stay-at-home orders demanding the healthy get back to work, the sick and vulnerable stay home or people's livelihoods will be destroyed. many protesters, though, are not socially distanced or wearing masks, raising concerns of coronavirus spread. america's third largest city of chicago has been in a tight lockdown for more than a month now. illinois's governor said his state won't peak until mid-may and he says it's just too soon to reopen. >> some states are reopening anyway. that's their choice. i think people might get sick. many people might get sick as a result of that. but look, what have i said, right, testing, tracing, treating. and ppe. reporter: in wisconsin,
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republicans are suing to stop their governor's stay-at-home order. 19 people who worked wisconsin's polls or voted in person in the april 7th primary really just days ago have now tested positive for covid-19. in california, the state highway patrol says it will not grant any more permits for stay-at-home protests on state properties after a demonstration earlier this week was deemed too dangerous and as you just mentioned, georgia's governor is now allowing many businesses to reopen tomorrow, a move that the president says is just too soon. neil? neil: all right. thank you very, very much, matt. we are learning a little bit more, the back-and-forth on gilead sciences and its antiviral drug remdesivir, that it had reportedly flopped in a first trial. the company which has rarely said boo about what was going on in this, either to the upside or downside, did put out a clarification statement and warned that the draft document posted accidentally by the world
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health organization, and quoted in the "financial times" included, it says, inappropriate characteristics of the study. i don't know what that means. it's probably, you know, confused a lot of folks. i think we have a doctor with us right now. do we? dr. marc siegel. i apologize, marc. i didn't know you were the doctor. all right. what do you make of this and what does it tell us? obviously the company's trying to clarify something that isn't too clear. what do you make of it? >> well, first of all, a lot of times when these things happen, it's because somebody gets wind of advanced information and we certainly expect the formal results of the clinical trials to come out over the next week or two. that's number one. i see this, i think i would be surprised if the clinical trials didn't show something positive. that's not definitive, though. that's not meaning that i have inside information on that. however, i did speak to the head investigator on these trials out of nebraska med back at the end
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of february and he said that the drug looked promising. in addition to that, as you probably know, there was some information leaked from the university of chicago that they perhaps sent some people home early because of response to the drug. i want to point out, though, something really important here, which is it doesn't just depend on whether this drug works against the virus. it also depends when you give it. because a lot of the damage we are seeing from covid-19 in the severely ill is due to inflammation and blood clotting, not necessarily the virus itself. this is an antiviral agent so i suspect part of the answer here will be when you give remdesivir. i have a feeling, a feeling isn't science, as dr. fauci would say, i have a feeling that this drug is effective to some extent. we don't have the trials yet and we need to get the clinical trials out there before we have a definite answer. neil: just to be clear, there were multiple trials, we should stress, right?
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it's not just one and done, right? >> it's multiple trials. the right kind of trials, double-blind randomized prospective trials all around the country. when i said nebraska, i mean they are spearheading it. it's not the only place it's going on. it's been in multiple medical centers including my own. nyu langone. we are going to have an answer on this. i would label this a promising treatment but promising is not the same as having a definitive answer yet. neil: got it. dr. siegel, very good catching up. thank you, my friend. 15 minutes away from charles payne's town hall in which he's taking a look at this and a host of issues surrounding the coronavirus, how we hope to come up with cures and treatments for it, how we're dealing with it. charles, if this isn't a reminder how much news on one potential drug that caught the market and the world's attention can move the market and the world, well, we just saw it.
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charles: we saw it in realtime. at one point today the dow was up maybe 370 points and within the blink of ai en eye it all vanished. a large part of what's happening with this market which by the way, the last three weeks has been nothing short of a remarkable rebound from a death spiral, is a lot of it is depending on the fact that -- and hope that at some point sooner rather than later, we will get to a form of normalcy. here's the thing. we know normalcy is not going to be the same. we know a lot of things have changed. there will be winners and loser ins this post-coronavirus world. in fact, there could be dramatic changes in this post-coronavirus world. so we've got mark cuban coming on. he will spend the entire hour with us. i have been deluged with questions for him and of course, for the fox business all-stars including yourself that will be joining in. they run the gamut from, you know, what's going on with this ppp program, which we know, listen, it's a valiant effort but it's falling short in the
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sense that you have already covered it, big companies got money and those names out there, the really small companies out there, didn't get money. how should it be run, what can be done but also beyond there, to really get our economy where it was, the sort of vitality we saw in january, february and by the way, we're reminded almost every single day through an economic report from march or february or even these earnings reports, the world's going to look different. we can get there. but a lot of people want to know how. neil: i love your optimism and just reminding americans about the glass half full, too. look forward to being on the show. look forward to the show itself. thank you. 45 minutes away from that. no one does these events better than charles so i urge you to give it a watch. in the meantime, we are trying to get more details on this gilead antiviral drug and whether it has disappointed. the company takes umbrage to
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that, saying a lot of this has been taken out of context. john layfield with us now. john, as i was saying with charles, it is another reminder that in my opinion, i think this market turns not so much on the stimulus to address the virus, but improvement on the virus itself. what do you make of that? >> i completely agree, neil. because you know, certain companies that are not going to rebound at all until you get some type of vaccine that's going to prove safe. you look at movie theater chains, look at live concerts, look at entertainment venues, look at cruise lines. those are not going to come back until you have a vaccine. so that's what makes this so important. we are not going to have a v-shaped recovery unless there's a vaccine. otherwise, you are going to see an opening of the economy in a slow fashion and you are going to see restaurants say at 50%. that's not a v-shaped recovery. that's either the nike swish or some type of u-shaped recovery. that's why this drug from gilead, i own gilead stock, by the way, is so important. neil: you know what's
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interesting, i talk to a lot of people who say i'm not going back to work until they have a vaccine. i don't feel comfortable doing that. you will be waiting quite awhile. i don't know if your boss will be similarly enthusiastic about your position. but what do you make of that? because that's part of that palpable fear expressed in polls that show as many as 6, almost 7 out of 10 americans are very concerned about this and not convinced that rushing to go back to work or ending sheltering provisions is the right thing to do. >> we have never experienced anything like this so i think that's understandable. i think the fear of the unknown is one of the biggest fears out there, and i think we will find out real quick what works and what doesn't. we have a lot of states that are reopening, texas, tennessee, oklahoma, opening restricted fashion. then georgia opening beyond probably what anybody would recommend except the georgia governor and las vegas basically saying do whatever you want. that compared to states with very strict lockdowns.
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i think because we have so many different ways that states are handling this, i think we will know within the next week what works and what doesn't and how far we can go with this reopening. i think that's going to help the concerns of so many people about whether they can go back to work safely or not. neil: all right. john layfield, thank you very, very much. a little bit more on gilead, beating this to death, my friends, but the summary published in the world health organization website that has since been taken down had this kind of remarkable take on this drug. it showed that it did not speed up improvement in patients in china or prevent some from dying. if so, that's a disappointment. stay with us. every financial plan needs a cfp® professional --
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neil: you know, you hear a lot of worrisome stories with the virus, you hear a lot of good news with it. we just spoke in the last hour with someone who had tested positive for the virus and now is leading an effort to get her blood plasma and others to have similar blood plasma out to people who need it as a potential treatment for the scores who are being diagnosed with this all over again. then i want to introduce you to these next two folks, an uncle
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and nephew combo. they run a company called the oregon dairy center in pennsylvania. i don't ask any questions but that's fine. they can name it whatever they want. but in all seriousness, gentlemen, i welcome both of you because you are doing a lot of good here, trying to get milk out to those who need it but a lot more than that. let me get the read from you about how this started. >> well, it started obviously several weeks ago when everything started coming down. we as a company decided we got to take a positive approach on doing whatever we can to have it not fall apart and do our business to serve our customers, to help our employees feel like they are in a safe place so we are doing that now, after 40 years of being in business, my dad started the business, it's sure a paradigm shift but we are not in this alone. we have a great stf thaff that s with us, a great warehouse that works with us and we are here to serve the community in ways we feel can be a big asset, by
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putting food on the table. neil: you know, john, separately we see these reports, a lot of of them out of the midwest where a lot of dairy farmers are dumping their milk because they have no place to put it or send it. you are trying to address that part of it. explain. >> yeah. so couple weeks back, one of our local food banks, blessing of hope, came to us and basically asked if we can do anything with our milk processing plant to help process milk that was just getting dumped at the time because there was no demand for it and why dump all that milk, let it go to waste. we brought them into our facility, we have a small processing plant, so we brought them in and there's milk going out the door to a lot of needy families. neil: you know, you guys, it's a far-flung [ inaudible ] going there. i know you have a restaurant, even if you can't be open in this environment, so how are you
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adjusting and when you hear what the governor's talking about slowly reopening the state, i assume you want that sooner rather than later but update me on that part of the business. >> yeah. well, you know, we are trusting the governor to make the right decision. we don't agree obviously with everything, whether you are living in colorado or pennsylvania, but we feel we have enough cases that i understand why he wants to move it back a week. we will get back into this gradually. our 200 seat restaurant, it's a bummer to see it closed up. we put a food trailer outside so people can come eat if they want to, it's takeout so people can take advantage of that. we are really concerned about the well-being of our customers. our restaurant business will be different. we will have 200 seats but probably serve 80 people at a time. we will go back into it gradually and follow the guidelines given by our local municipalities and by the cdc
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and fda. neil: i'm curious, what are the biggest sellers for you guys? >> right now, obviously toilet paper is a big one. one we managed to keep on our shelves. creativity with selling single institutional rolls. of course, you know, the breads, canned goods, they are all difficult to keep on the shelf. they are getting wiped out every day. we keep up with it. recently we got hand sanitizer made by a local distillery. that was really nice. those are probably some of the biggest sellers. neil: so i will leave this to you, jon. who works harder? the uncle or the nephew? the young guy or the slightly older guy? >> well, you know, this is a millenial answer but of course, you know, got to be me. >> i'm the early bird. i'm here in the morning. he comes later in the day. it works really well. >> he's the early bird, i'm the
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latecomer. neil: all right. that's fine. well, i'm going to side with kervin because he's closer to my age but you are both very impressive. very inspiring. keep at it, my friends. we are encouraged by all that. i like the masks, too, by the way. they are awesome. stay healthy, stay safe. >> thank you. neil: i like it. i like it. all right. be well. it's nice to see. you don't often see that kind of stuff. maintaining their good humor and helping out a lot of good people. stay with us. you're a veteran with a va loan, one call to newday usa can save you $2000 a year. how? by refinancing at today's all time low mortgage rates. and best of all you can do it from start to finish without leaving the house. it's fast, too. with our va streamline refi, there's no income verification. no appraisal. and not one dollar out of pocket. our team is standing by right now to help every veteran who calls.
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neil: all right. you might know there are still truckers on the road, doing just fine. business is booming for them. the problem is, there aren't enough truckers to haul the stuff they're hauling, because there are a lot of opportunities out there, but the shortage is pronounced and could have long term consequences for the economy. jeff flock following it all in illinois. what's going on? reporter: you know, some people dispute whether or not there's a
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shortage, neil. some people say if you talk to the truckers, maybe the companies are just trying to keep the market tight so that their salaries remain low. but we cannot dispute this and that is that for about half the country, there have been no new truck drivers licenses issued to new drivers coming into the system. cdls. that's because in 21 states, and the district of columbia, the departments of motor vehicles have been shut down. the trump administration has done its part saying if you've got a license already you don't have the renew it if it expires. we understand these are tough times but you can't get a new license in those states. we talked to a guy, our producer mark smith talked to him, and asked him what the states need to do right now. don is head of the organization that is in charge of training the next wave of america's truckers. listen. >> i was told to open them up immediately. i think it's extremely important
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we've got to maintain a pipeline of drivers. right now, in half those states we're not producing any commercial drivers. reporter: there's a lot of debate now about what things should open and what things shouldn't. dmv obviously, that's a concern, you know. people have gotten an extension on their licenses but if you are needing to bring new people into the system, that is a problem. according to that organization, we are about 2,000 or 3,000 truckers short just so far that haven't been able to get licenses, they're ready to go and can't get out there right now. neil? neil: jeff, thank you very, very much. jeff flock updating us on that. we will no doubt get updates as they continue because that's kind of a conundrum to be in. you are all ready to go, got your license and all that, you can't. all right. in the meantime, you have heard about hardships about people who can't get out of their homes, they are worried about their jobs, but think of all the kids out there who are looking forward to going to school or college in the fall,
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and right now, their senior years have gone bust because they are probably not going to have the traditional graduation with all the fun associated with senior year. i have a son going through that now and he reminds me of it every hour. it's true, it is tough, but imagine then you are getting nervous about the approaching school year even whether you can deal with the tuition and everything else in light of everything that's happened. i want to bring in a good father who has been trying to help out on that front. his name is dave, he's a franciscan university of steubenville president. i think what you're trying to do is help those coming in, the incoming class, you're going to cover their tuition or try to. explain. >> yeah. no, no, first off, it's a pleasure to be with you. actually, you presented it really, really well. we have a whole population of graduating seniors in high school that have had honestly just a horrible end to their
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academic career in high school, and there's just a lot of anxiety related to finances and the families that have suffered so much from this virus and just difficulties about what they're going to do, where they're going to go. people are nervous about going some place new or some place different. so i have been talking with my faculty and staff. we are a small catholic school in ohio and i just said we have to do something for these kids, something to reach out to them. one of the lines i continually said is whatever we need to do, we need to act in faith, believing that god is big and god is bigger than this and he's going to be able to help and take care of things. so somebody had an idea, he said what if we provided tuition for free for the incoming students. that was a bigger step in faith than i was thinking about, but honestly, the more i thought about it, i said yeah, this is a population that's experiencing great anxiety and stress and if we can do this little step in faith to be able to help them make a step to begin their college career, we want to be able to do that. so that's what we're doing.
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after grants and scholarships that will cover, we will cover for our new students coming in this fall, the rest of their tuition. neil: that's amazing, father. leave it to me to ask a godless question. what about sophomores and juniors and seniors who say hey, what you're doing for those freshmen, you better do for me? >> you know, that's a great question. honestly, it's what we really wrestled with about how we will go about this. we are providing money to all of our students who come back, not full tuition, but then we have also created a fund where we are going to impact those people who have been specifically hurt or struggles with job and stuff and their parents and come back as . we have our fund we created partly through investments, we are a small school with not a big investment but we believe this is the step god wants us to take so we will draw down a little on that. the other thing we are inviting people to do because the reality is there are going to be some
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snun new students who have funds available. we are telling people if you are able to help us out, there's a step in faith fund where people are able to help out. the other thing is, this was kind of cool, too, we want our seniors to come back for graduation. they missed their graduation. so we are going to help pay whatever to bring the students back for graduation. neil: that's beautiful. dhous t how does the fall academic year look? will it get launched on time? i can't believe i'm asking this now because at first i didn't see the possibility that the school year this year would be canceled. looks that way. so what about in the fall? does the fall start look good to you? >> it does. i mean, obviously that's what we are hoping and praying for as well. we are moving towards that direction, trusting that everything is going to be able to work out. but that's the other part of this, that people are anxious about that. we are doing everything we can from a health standpoint at the university as well to make sure that parents can send their kids
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here and be comfortable and feel safe about that. but we are certainly hoping and praying that school is open. i'm actually in the library right now and there's no kids around here. that's just the quiet outside the door, there's no students here, that's not what a college campus is supposed to look like. our chapels are empty. that's not the way it's supposed to be. can i just say one more word, too? it was interesting -- neil: sure. >> it speaks to the kind of students we have. the people who came out so much in support of this was our sophomores, juniors and seniors. they said that just speaks to the type of school that we have. the kids who are not getting full tuition were excited because they believe the best place for these freshmen to be is here on campus. i was just really, really affirmed by the response of our jun yors aiors and sophomores a seniors. they have been great. neil: as a franciscan institution, did you feel this was a chance to tell the jesuits top that?
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>> no, i did not feel that. one of the things that actually before francis died, he said i have done what is mine to do. now you do what's yours. that's the way we feel. this is what we as a small catholic school in ohio, this is what we feel god wants to do. we will leave everything else to whatever they feel they are supposed to do. neil: all right. i'm going to call the jesuits and see what they can do. father, thank you very much. very uplifting story. >> can i say -- neil: kids not in the libraries. >> i just want to speak to you, neil. i come from a family, my mother has multiple sclerosis and i want you to know, there are times you putting on your tie and jacket and going to that desk is difficult, most of the world doesn't see that, but the families who are impacted from m.s., we see that, we see your courage, see your strength, and just want to let you know of our prayers as well.
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thank you for everything you do. neil: that's very nice of you, father. are you the one doing the good deeds, my friend. continued success with this. i only use the m.s., father, if i can get out of chores at home. it works that way. but thank you, sir, very much. this is the kind of news a lot of people needed to hear. be well, be safe. all right. we will go right now, kathy mcmorris-rodgers, republican leadersh leadership, talking about the measure that is up for vote. congresswoman, this ended up being a little pricier than you wanted but obviously it is what it is. how soon do you think it will be voted on and on to the president's desk? >> right. well, neil, i think it's going to happen this afternoon. the vote will happen this afternoon. i just want to say i also was inspired by the president of franc franciscan university. we need more stories of hope.
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that is what this legislation is about. it's to give people hope again. small businesses, main street businesses, due to no fault of their own, have had to close or curtail their businesses in large ways. the paycheck protection program is all about keeping people employed, making sure they continue to have that paycheck and clearly, the need is huge all over the country. so the legislation that we will be voting on later on today includes an additional $310 billion for the paycheck protection program. the idea is if we can keep people employed rather than having them go on unemployment, that that's going to be better, and this is a huge boost and really important for our main street businesses, our small businesses, due to no fault of their own. the legislation also includes $75 billion for hospitals. again, i represent a number of hospitals in eastern washington, rural critical access hospitals in eastern washington that have not had any cases of covid-19,
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but have been curtailed, they have not been able to do any of their elective procedures so they were already barely hanging on and now it's even harder. so $75 billion for hospitals and then $25 billion for additional testing. clearly a lot of focus on the testing. this is important to giving people the confidence so that we can open up again, we can go back to our lives and the testing is a key part of that. neil: do you worry, congresswoman, when you look at it, that people are going to get back to their lives at some point, it's inevitable, you hope sooner rather than later, but it might be delayed, it will likely be staggered and that v-shaped recovery so many want to see may not materialize. does that worry you and the trepidation on the part of so many americans who are constantly looking for virus or promising treatments, got some disappointing news today on one front, how does that change the economic equation here?
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>> well, i am worried about that. you know, just a short time ago, january, february, we were celebrating record unemployment numbers, you know, record job growth, record low unemployment, and the hit to our economy is grave and the hit to the american psyche, the risk-taking nature in americans, it's a big hit. so the sooner that we can actually give people hope and confidence to go about their lives again, to be able to get opened up, the sooner, the better. i would also just say i have a lot of confidence in american ingenuity and american creativity. it is what has long defined us. that's why we have led the world, because we are a creative people, innovative, we solve problems. that's where people need to be freed to go out there and solve problems. when so much right now is based upon fear and there's so much,
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you know, there's a fear of the unknown, that shuts people down. it shuts down creativity. so that's part of why we need to get our economy going, we need to get people back to their lives so that -- so we give -- so that -- so that it brings back the hope and optimism that we need. neil: all right. congresswoman, thank you very, very much. best of luck with this today. continued good health to you and your constituents and family. congresswoman mcmorris rodgers. we are learning of yet another pork plant that's being shut down. we will detail you on that because i think we are up to about five. stay with us.
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neil: all right. we just had a guy a little earlier working with ups to use drones to deliver medical supplies, but now a drone that can sort of track the pandemic itself? kristina partsinevelos has a lot more on that. kristina: imagine you're walking down the street and all of a sudden you see a drone hovering over your head because you have been coughing or you hear a drone speaker tell you to step away from your friends because you're standing too close. the pandemic drones have arrived in america. these drones are made from a company called dragonfly, a company that's been around for awhile, and they have sensors on them to detect people's temperatures as well the drone sensors can monitor to see if
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you have a fever, if you are sneezing, if you are coughing, your heart and breathing rates. these drones have been tested in the united states, more specifically in westport, connecticut. the police force over there wants to test these drones to monitor the spread of the coronavirus but of course, accuracy is a major concern. listen in. >> this is definitely a kink that needs to be worked out. how are we able to distinguish between what's a true fever, what's not, how are we able to identify at-risk groups and remove them from the gathering because essentially, that's one of the things we're looking at dragonfly being able to do. kristina: the drive to stop the spread of the virus has caused a new need for drones so the federal aviation administration did say to me they are enabling drone use for covid-19 response efforts within our existing regulations and emergency procedures. the faa also issued approvals,
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some in less than an hour, for flights that support emergency activities. i did ask that spokesperson about privacy concerns. they told me the faa monitors security, not privacy, and even though these drones use biometrics, the company's ceo said that as it stands today, the drones cannot identify people. neil? neil: i don't know. makes me a little uncomfortable. kristina, thank you very much. great report. in the meantime, we are looking for the nfl draft tonight. that's a big deal. lot of people are into that. i didn't know that it takes place over multiple days but i just wonder how it's going to go because they have never done this. it's multiple locations, multiple cams and it's beyond my comprehension. fortunately, it is not beyond matt napolitano's.
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heerp here he is on what we might be seeing tonight. it might be surreal. how do you think it's going to go? >> well, it's going to be really interesting to see go once and for all because prospects are going to be waiting to hear their names called, not in a room like you usually see waiting for that call. instead they will be live inside their own homes finding out while teams will have staffers inside their own homes as well, trying to figure out who they want to bring into their franchise. of course, the cincinnati bengals, first team on the clock tonight, are expected to take the heisman trophy winning quarterback joe burrough. a couple days ago, they had a test run of this thing, had a couple hiccups out the gate. they want the make sure these technical glitches are avoided as much as possible. one of the issues in the beginning were all teams were on a conference call. that's the ultimate fail-safe if all the video equipment goes down. everybody forgot to hit mute. so as a result, they had a snag right out the gate there but it seems like the nfl is doing just about everything they can to make sure that this thing goes off without a hitch. they have been working with microsoft in conjunction with them to make sure this is a
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fail-safe operation, and we saw a test run of it a couple days ago with the wnba doing their virtual draft so it should be interesting to see how well developed this goes tonight. neil: so it still takes place it's has over three days. do they modify or do they police how they did so far, we screwed up on that, to your point, someone didn't hit the mute button, but obviously it's a work in progress, right? >> yeah. they are making sure that anything is possible to assure that the right pick from the team gets in and is informed to commissioner roger goodell because he's actually going to be located in the basement of his upstate new york home, delivering these selections with a montage of live fans delivering their reaction virtually. i think that the nfl has looked into a lot of different options. they have also had the fail-safe of whcalling the vice presidentf player personnel, making sure the picks get in that way. they looked into all these different options and even teams are going the extra step to make sure they don't have a glitch
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happen on their own watch. lions general manager bob quinn will have the team's head of i.t. outside his home sitting in an rv and in the event anything goes wrong, he can rush in to bob quinn's home, take care of it on the spot. teams are going all-out to make sure that nothing can really cause a hiccup throughout the process tonight. neil: you know, we have seen quasi -- music raising money for the coronavirus and all the companies behind that and it worked, in a weird way it worked to see all these musicians in their homes across the world and i'm wondering whether certainly we have seen more of that in the future for musicians and concerts, but i'm wondering here, too, what do you think? >> i think it's quite possible if the nfl sees some success tonight and it ends up going as swimmingly as we saw the wnba do last week, i think we will be in a good place and it could be something to look forward to down the line. we have had the experience during the nfl draft before where players sort of skype in after they are selected, usually guys who are taken second, third
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round of the draft, often the guys who are taken first round on usually on site, but we have gone through this before. just it's a little more developed now that everybody is in a different zone, everybody's in their own homes conducting this, and there's a lot more things at play here where there could be some issues. i think the nfl could be on to something but i'm sure they just as much want to get back to the pageantry as soon as they can with public health in mind. neil: that would seem to be the case. matt, thank you. look forward to it. matt napolitano on all of that. meantime, you have heard about all these restaurants that either shut down or limited, not making much money in this environment. a restauranteur who is trying to help out others and is doing an off-the-charts job of it, raising a lot of dough. meet her next. i came across sofi and it was the best decision of my life. i feel cared about as a member.
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don't wait. get started today. call unitedhealthcare and ask for your free decision guide. learn more about aarp medicare supplement plan options and rates to fit your needs oh, and happy birthday... or retirement... in advance. ♪ neil: all right. it must be nice, when you're dealing with difficulties to all of sudden flip them around in the restaurant business to try to help out others. that is what camilla marcus is doing, a restaurant owner. she is obviously looking to help out others in the business. she has been raising money for them to the tune of like $600,000 last time i checked. not too shabby. camilla, very good to have you. what made you do this? >> so we really jumped into action pretty quickly. most of us here in new york and
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across the country closed our doors pretty much around march 15th. by march 18th our coalitions were born. independent restaurant coalition nationwide. here in new york state we have roar, relief opportunities for all restaurants. we called up our network and got 200 restaurateurs on the phone within two hours. next morning we launched a funded partnership with robin hood, which is a organization here in new york for about 30 years. we're working on advocacy with governor cuomo's office and also we raised a fund to support cash assistance to workers severely, economically harmed by covid pretty much overnight. our industry can't work from home. when we closed our doors so many people were left without. we knew in a delay in government assistance, we fought hard to get enhanced unemployment benefits which thankfully got through. there is large time delay and some are in need.
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we jumped in and so far raised $600,000 to help our industry here in new york. neil: that is remarkable. for a lot of restaurants, those able to handle take out and delivery, obviously that doesn't come close to making up for the business they had but i'm wondering for when we eventually get back to sheltering in our homes, the rule is going to be that there will be fewer seats in the restaurants. they go from the frying plan into the fire. are you worried about that? >> severely. i think right now one of the things that scares us the most there ismuch talk of reopenings, to date 11 million pimpled -- people employed in nationwide. last two months our teams have been out of work and unable to make ancillary income. what more, reopening to us we're looking 50% of decline of business and capacity. take my restaurant.
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we're 1500 feet. 35 seats in soho manhattan. based on social distancing required for foreseeable, six, nine, 12 months, dine-in business is essentially kaput, right? we have to think about what does restarting look like, for most of us, many of us across the country meet total definition of our businesses, so change has been offered to us how to structurally change the cost side of our business. so we're looking at 50% decline in sales and we're trying to bring back as many people as possible but we're facing a very high fixed cost business and to date, again no restaurant-specific restructuring plan or stabilization plan what we're calling for at all levels of government, federal, state and city. neil: that is scary stuff. even once back in business you will only be partly back in business. we wish you well. camilla marcus, you're doing a lot of good for restaurant industry workers who sorrily need that help. thank you very, very much.
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before i hand it up to a great forum going on with charles payne, the dow up 101 1/2 points. concern about a vaccine or potential treatment that looked promising. maybe not so much. that is weighing on investors. ♪. charles: hello, everyone, ooh i'm charles payne and welcome to our second "america works together" virtual town hall. today's special guest is mark cuban, it will be with us for the entire hour. our first virtual town hall focused on small businesses and government relief efforts. it was a huge success but there were so many unanswered questions. since then as you know the ppp ran dry and millions of small businesses are really in a life or death predictment at this moment. apparently more money is on the way. the delay could prove fatal for many small businesses. frustration is growing and there is overreaching anxiety about the future of this
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