tv After the Bell FOX Business April 23, 2020 4:00pm-5:00pm EDT
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future. i've been doing it every night. [closing bell rings] liz: called sunday through thursday because we don't have futures on saturday. liz claman live. market action, making a run for the green. s&p can't quite do it that will do it for "the claman countdown" connell: losing a lot of steam there late in the session, stocks closing well off the highs. one of the things happened, a promising new drug to treat coronavirus reportedly flopped in one of its trials. we'll talk about that and a whole lot more. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." the major averages trying to hold on to gains as we await for a house vote on additional relief funding for the small business loan program. we have fox business team coverage. blake burman with the latest from the white house. lauren simonetti on the markets. edward lawrence is in washington. let's start with edward. reporter: right now the house is
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actually voting on a select committee to oversee the money for the cares act. that vote coming up next on that, adding money to the payroll protection program. at this moment right now there will be nine waves of voting because of social distancing as lawmakers will file through to do their vote on this. the aid package, the 3.5 as it is called, aid package is expected to pass. then it will end up at the white house later on tonight. this package will add $321 billion to the payroll protection problem which has been out of money now for seven days. house minority leader kevin mccarthy said 4.4 million people filed for unemployment this week are owed by an apology by democrats for letting the problem out of money because some of those people may have had jobs. >> government told them they had to shut down for the health of the nation. they made a sacrifice, but they got sacrificed for politics last
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week. shame on this body. reporter: during the debate, house speaker nancy pelosi actually tried to blame senate majority leader mitch mcconnell for the delay, saying it was democrats that added other critical things inside of this bill. >> hear them say we held up this bill, when they are doing today with great pride exactly what the senate democrats asked them to do on april 9th. reporter: there are more than 700,000 loan applications waiting for this small business administration to process those through. now a source with the sba tells me the administration is already looking at the language that is in this bill and changes to the program, to have guidance for banks out on friday. that would set up a saturday or sunday to start having the loans processed through the sba again. back to you.
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melissa: congress is the worst. edward, thank you. coronavirus task force brief something scheduled to start in about an hour. blake burman liver in washington with the latest from the white house. blake? reporter: yeah, melissa we'll hear from the white house here in a bit but also today the spotlight is continuing on governors all across the country. tell you speaking with white house officials earlier today, the white house feels that the georgia governor brian kemp went too far as it relates to reopening plans within his state. the white house and president trump are pointing to kemp's decision to open up things like salons and tattoo shops not a part of the fed rally suggested phase one guidelines outlined by the coronavirus task force. elsewhere other governors are warning senate majority leader mitch mcconnell to back off his latest threat. in an interview yesterday mcconnell suggested that states should note receive additional funding, instead should file for bankruptcy if need be.
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state governors are saying today that is playing with economic fire. >> that is how you are going to bring the national economy back, by states declaring bankruptcy? you want to see that market fall through the cellar? let new york state declare bankruptcy. >> i and we will never stop fighting for you. we will fight this to the death. reporter: states and municipalities received $150 billion in total in the cares act. state and local leaders across the country are calling for a separate 500 billion-dollar relief package. melissa, connell, the white house has expressed support for another package. they have not, they have not yet put a price tag though on how much they would support. there is also republicans in washington like you see like mitch mcconnell who thinks the pause button needs to be hit for the time-being. back to you.
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melissa: i might give myself a tattoo, i'm so sick of being inside. lauren simonetti watching markets as well. lauren? lauren: i'm with you on that tattoo, i'm so sick of being inside too, melissa. let's look at the market because the dow closed higher for the second day, helping to trim some losses for the week, the nasdaq and s&p couldn't quite make it barely in the red. the boost came earlier on from oil prices. did you know oil up two days in a row and 40% in two days? that certainly helped exxon and chevron where you're looking at the dow. materials, industrials also strong today but we got another bad report on jobless claims. another 4.4 million americans filing for jobless benefits that brings the total in the past five weeks of lockdown to get this, 26 1/2 million americans out of work. it wipes out all of the job gains since the great recession a decade ago. now getting those americans back to work depends on treatment for
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coronavirus. a report that gilead's promising drug, remdesivir to treat severely ill patients didn't produce desired results. that sent the market negative at one point. check out the intraday chart of the dow when stocks went up 400 to down. gilead shares also fell today, dropping 4% on the session. but take a look here. amazon's stock up despite more scrutiny on the company's business practices, after "wall street journal" investigation alleged that amazon used data from third parties to develop its own competing products. amazon did respond saying this, we strictly prohibit our employees from using non-public seller specific data to determine which private label products to launch. while we don't believe the claims are accurate we take these allegations seriously and launched an internal investigation. amazon, target, have been winners duringpandemic guys.
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their costs go up and consumersdown grade the types of items that we buy. back to you. melissa: all right. over to connell for a big alert. connell: yeah, big "fox business alert," on intel. intel's earnings came out in last couple minutes. better than expected in the most recent quarter. on an adjusted basis the company with profit of 1.25 a share. almost 25 billion in revenue last quarter for intel. the stock is down in after-hours trading. there was fairly high level of anticipation that the company would report a strong number. it did in the most recent quarter. its out look is mixed. revenue is expected to be better than analysts had anticipatedded in the current quarter, second quarter, 1 1/2 billion versus an estimate under 18. the issue may be earnings in the second quarter where intel is expected to tern $1.10 a share.
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a little below estimate. it doesn't plan to issue full full-year guidance because of all the uncertainty surrounding coronavirus which you heard from so many companies. better than expected last quarter a little bit mixed in the outlook. the stock down by 4%. we'll revisit intel. that is a big one for tomorrow. melissa. >> all right. great stuff. the showdown across the nation over stay-at-home orders. protests happening today in some midwest states as others look at plans to reopen. matt finn with the latest from chicago. matt? reporter: melissa, there was a demonstration this afternoon outside of the governor's mansion in michigan. last week in michigan there was a very large protest, hundreds of cars creating gridlock outside of the capitol building there. americans in dozens of states, healthy get back to work, sick and have nearable stay home and or people's lives will be destroyed. many are not socially distanced, wearing masks raises concerns of
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coronavirus spread. america's third largest city of chicago has been in a tight lockdown more than a month. moments ago illinois's governor extended stay-at-home order for a full month until may 30. he is making changes. non-essential businesses at that take orders or deliver over the phone. data suggests that illinois will not hit its peak until april or early may. he says people have to finish a good job. >> we are in possibly the most difficult part of this journey. i know how badly we all want our normal lives back. believe me, if i could make that happen right now i would but this is the part where we have to dig in and we have to understand sacrifices we made as a state to avoid a worst-case scenario are working.
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reporter: in wisconsin republicans suing to stop their order. 19 people, voted in polls or person, april 7th primary, tested positive for covid-19. in california the state highway patrol will no longer grant permits for stay at home protests on state properties after a protest earlier this week was deemed too dangerous. georgia's governor is allowing some businesses to reopen tomorrow a move that the president says is too soon. melissa, connell? melissa: all right. thank you. matt finn. connell? connell: more than 2.6 million cases we have, melissa, worldwide confirmed of the coronavirus. nearly 860,000 here in the u.s. that's where we stand. more than 2,000 u.s. cities meantime are bracing for major budget shortfalls. local leaders weighing options on reopening their economies. we'll have the latest on the pandemic from a number of angles as we continue through the hour. including a look how some businesses are fighting back.
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♪. melissa: "fox business alert." we are waiting for the house vote to provide additional funding to the small business loan program. here now is ronna mcdaniel, chair of the republican national committee. ronna, actually i want to turn you to a poll a lot of people have been talking about today showing in pennsylvania former vice president joe biden 50% versus president trump 42%. democrats love to point to all the polls where joe biden is winning. how do you respond to that? >> you know i always look at metrics in the poll and sampling. i've seen flaws a lot of polls recently come out but i will tell you internally we're monitoring states as well. we see the president in very strong state especially voters are asked who is best to build the economy back up after this virus? the president has done it once. he will be the right leader to do this again and i think that is the message we'll be taking to voters come november, that really resonates because people are afraid of their businesses being shut, their jobs being lost. they know that they're going to
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need a leader who recognizes these issues. especially as you just saw, democrats held up this critical funding for small businesses to be able to keep their employees on staff. it was such a shame. that happened last thursday. a week has gone by. how many jobs have been lost as democrats played this partisan game. melissa: yeah. >> that hurt the american worker. melissa: let me ask you, speaking of money, i don't know anybody who has any spare money right now. i wonder how much, when we hear about those campaign contributions and how much everybody raised in march and fund-raising going on in april, how much of that is banked and how much of that is money that's promised but hasn't been collected yet? >> yeah. so anything we're report something money that has been collected. so nothing is about commitments for us. it has to be money come in through the door and i know every day i'm looking at our fund-raising t has been very, very strong because i think as much as people are concerned, they recognize there is an election around the corner.
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they're very, very passionate about president trump because they saw what he did with seven million new jobs and record low unemployment and deregulation, energy independence. they're afraid whether they see joe biden talk about the fact, yes, i am going to raise taxes, that will not be the right answer coming out of this pandemic. so they want to make sure president trump gets elected. melissa: no, foresure. never right time to raise taxes in my opinion. i don't think it ever helps. let me ask you, certainly inflow of money, it has to have slowed down since we've seen unemployment go up. i'm sure the same on the biden side. i wonder, does it change the plan going forward? you guys were so great at all of those rallies where you got people. that was was a way to engage people. how do you make up what has to be a drop-off in money as money evaporates from around the globe
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and not having president out there? >> there is no question at major events we would have the president or first lady and the vice president out campaigning and have the roundtables and major events. those all stopped for understandable reasons. the president is not interested in doing that. he is interested in governing, leading country through this crisis. through the small dollar front, digital, mail platforms we've actually seen an increase in fund-raising. i know it is surprising to many individuals. smart of the smart investment we made early on expanding our email list and it is in the weeds, that we'll have a strong april fund-raising number as well. from a campaign standpoint we added 300,000 new volunteers since we went virtual during the stay-at-home orders. we have seen a ramp up of actually interest in this election. i think that is because of the early investment the rnc and trump campaign to be in 23
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states, with 800 staff on the ground and digital fund-raising investment we have on the stage. melissa: what do you think will happen as we get closer to the election? do you see the president going back out? you must be prawn storming what you're going to do? do we have virtual rallies where he stands there, does his thing and people log on, listen to it? i. >> i think the president expects fully it to be out campaigning. he is planning on having 4th of july. we plan on having the convention in charlotte. we expect to make the case to the american people and campaign and hold rallies. obviously we'll be taking in factors on the ground but come august, come july, we'll be further away from where we are right now. more testing will have been done. you've seen the president harness the private sector in a way like we never seen. already testing is ramped so much we're mopeful we're out
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campaigning real soon. melissa: thank you, ronna mcdaniel. colin. connell: new normal on campus. we'll talk to the president of purdue university, mitch danals, former governor of indiana. he has a plan to bring 45,000 students back to the campus in the fall. we'll find out what it is. businesses in georgia planning to reopen within hours for some of them. we have the owner of a local hair salon coming up, on how she is planning to adapt. we're coming right back. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. now offering zero commissions on online trades. we charge you less so you have more to invest. ♪
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it is quite specific. i was reading through it yesterday. how did you come up with it? you must have been talking to a lot of people? what is the process? >> you give us too much credit. we don't have a plan yet. i illustrate ad number of specifics that illustrate a overall strategy or over all intention that we have to resume what we think is essential part of a high-quality education which is the on-campus experience. we're not wedded yet to any specific steps and don't pretend we have all the answers. what we have said is that, we view this as a problem to be tackled if at all possible and if we're going to do it well we got to start now. connell: that is an important distinction because that talks or speaks to the flexibility you have to have or you're saying that you have considering things could obviously change. on the screen i will go through some of the steps that you talked about in your note yesterday. you talked about spreading out
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classes across days and time that would reduce size. you talked about online instruction for students own campus, protecting vulnerable community groups, allowing them to work remotely, faculty and staff. i want to ask you about them, pretesting of students and staff before the semester. then setting aside designated space for quarantine for anyone who tests positive. you want to economic with the least vulnerable groups for the virus and antibodies. for testing you can you can ramp it up at your own university to test everybody before they come back in august? >> i don't know about everybody but we think we can test a large percentage, maybe others on arrival because we have one of the finest, happen to have one of the finest veterinary medical hospitals in the country. we have a bs l-2 laboratory. it has been approved and it is doing testing thanks to purdue, the turnaround time in indiana
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statewide dropped from seven days to one last week. so we have, we are self-reliant in ways that maybe not everybody else is. but the examples you gave, i think are highly likely to make up, one way or another part of a fall strategy but they will be augmented by i know many more changes, possibly incruding our entire fall calendar. connell: yeah. you talked about that one issue you talked about was, be curious to see how you came to this, how that discussion went down, the quarantine. students, say for example, test positive during the fall i guess they wouldn't be sent home but sent somewhere else on campus for a couple weeks or? >> that's right. we have -- wherewithal to do that if numbers don't get too big. what i said a minute ago we might change our, one reason to do that, minimize the extent people are coming and going. that is to say, to not have as
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many breaks and maybe end a little sooner. and so once again, if there are people and there will be, who test positive, we do want to move them aside as fast as possible. let me just make another point, connell, something very different about our environment than so many others. we're one of the youngest cities in the country, fifth youngest city in the country because of the presence of perdue at west lafayette. median age is 21 1/2 we're. 80% of the purdue community is under 35 years old. we're learning, ring of -- risk of death or searness of illness is at those groups is zero. we're aimed protecting the faculty and staff and people with vulnerable comorbidities
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from the broader population. connell: right. you talking about having some of them work remotely which i thought was interesting. one more question i want to squeeze in here before we let you go, governor on athletics, if i might. purdue is in the big 10 conference and a big part of those big schools in terms of a being a revenue generator is college football. what kind of discussions for the fall, will there be a football season of the big 10 in the fall? is there any discussion moving it to the spring? what are you guys talking about there. >> the answer is a worried discussion. you can bet it us an active one. yes, things as, heretofore radical moving to the spring have been suggested. shorter seasons. big 10 only season. i happen to be about as rabid a sports fan and boilermaker fan as there is but, i cannot tell people here with any confidence
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at all that even if we can resume the heart of our mission, teaching and research, unconditions of safety and preparedness for all, i can't, i can't at this point say that it is going to make sense, going to be prudent to gather thousands of people in the same place even for something we enjoy as much as sports. connell: right. okay. we'll check back with you on that. interesting to discuss this. i'm sure other college presidents are having similar discussions. thank you, governor. mitch daniels, the president of purdue university. melissa? melissa: first major sporting event amid the pandemic. nfl teams are preparing for the first-ever virtual draft despite a series of security concerns but we'res it pratt so we don't care. we want the draft. plus we're awaiting a briefing from the coronavirus task force. we'll bring you any breaking headlines from the white house this hour. a virtual prom, olive garden is encouraging high school students
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♪. melissa: suffering devastating losses. roughly half of the chinese restaurants in the united states have closed because of the covid-19 pandemic according to a new study. here is larry law, owner of a saved chinese restaurant in washington, d.c., whose clients include former presidents and the rolling stones. your restaurant is called meiwe. your lights have been on for 18 years. this is terrible time. why do you think chinese restaurants are getting hit so harder? not like you're importing food from wuhan? is there unfair prejudice against chinese restaurants do you think? >> good afternoon, melissa. great to be on your show. i've been following you since cnbc. melissa: oh, thank you. >> the chinese, the restaurants in general was hit pretty bad for the last few months, for
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last month 1/2, but actually the chinese restaurant have been hit harder since the wuhan incident there. so people, even the don't want to go to the chinese restaurant because they feel like they might be infected by the virus but it is kind of crazy thinking [inaudible]. when we have the chinese new year going on, a lot of cancellations, a lot of parties have to be canceled because people afraid to go to chinese restaurant. so chinese restaurants in general was hit pretty badly, quite a few months away. melissa: i know, i'm desperate for chinese food myself. i went own seamless to order tonight. normally 1000 come up in my neighborhood. there is only one chinese restaurant will deliver to my house right now. what are you doing to battle back? i mean you had the lights on for 1years? you were a fighter, born in a war zone. what are you doing to try and
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reopen? >> we still in the process of waiting for the government to give us the order. and also to see how the curve of the virus going on now in our area. maybe we plan on maybe april, sometime in may, early may, we can reopen in smaller scale, just for delivery and take-out. we've been cleaning the restaurant and cleaning -- melissa: trying to get -- i have no doubt. you were born in a war zone. you're a worker. you know what you're doing. you're trying to get a ppp loan. you got some rent abatement. what other things are you trying to do and has it been really hard? tell us your story about that? >> the most important part is how to get our employees support because they have been laid off for more than a month now. we tried to see what we can help
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them financially. so, we tried to get back to open, you know, sooner, so they can go back to work to support their families too. so it is kind of a chance to -- virus here because the restaurant close, all the staff have to be home and all these things. melissa: well, larry, we wish you the best, and when you reopen, i will get on a train and come down there and come to your restaurant because i'm dying for chinese food. i would also love to meet you. we'll come bug you when you reopen. thank you for coming on the show. god bless you? >> you and john come by the restaurant, bring for dinner after this over. melissa: that is the whole staff. we're all going to get on a train together, we'll come see you larry, you will regret inviting us. i want crispy beef. i will see you soon, my friend.
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thank you. >> appreciate it. connell: what a good guy, what a fun guy. i will say i can top larry, melissa. i've been watching you since "little house on the prairie." that is a different story. we have different story from the federal reserve with its balance sheet. edward lawrence joins us middle of all this right now. that is quite the transition, edward? what is the balance sheet? infinity? reporter: how do you handle that hands significance. the fed balance sheet is growing week by week. $6.6 trillion, that is record territory, growing $255 billion in the past week but what is interesting now the fed has a line item in there now buying the payroll protection program loans from the banks. they bought $2.9 billion worth in the past week. what it does, frees up balance sheet for banks to turn around, lend more money, amplifying more
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money to get out there. federal reserve chairman jay powell is saying he do anything, keep keeping fed funds rate zero, main street lending facility, giving loans to companies up to 10,000 employees around loans of $2.5 billion and federal reserve buying ppp loans oaf the banks balance sheets. a direct lending, opening up a facility for direct lending to state and local governments. the fed's balance sheet in record territory, 6.6 billion. when all said and done, at the end of the year we could see $10 trillion on the fed balance sheet. back to you. connell: amazing what happened in the the last month. thank you, edward lawrence. melissa. melissa: a path forward. georgia governor brian kemp preparing to reopen the state's
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economy, a move the president is calling too soon. we'll talk to one local hair salon owner about her plans to reopen the business. she will have a crowd, man. a lot of people need a haircut. plus just a few minutes the coronavirus task force will give an update on the pandemic. we'll take you live to the white house briefing as soon as it begins ♪. so try making it smaller, and you'll be surprised at how easily starting small can lead to something big. start stopping with nicorette.
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♪ melissa: american truck drivers own the front lines but with a shortage of drivers these essential workers are feeling pressure as the nation prepares to reopen. jeff flock joining us from thornton, illinois, with all the details. jeff? reporter: melissa, some people said there was a pretty major truck driver shortage before the whole coronavirus business and apparently only gotten worse. this is the oasis, the hinsdale oasis here at thornton. look at these numbers. 21 states and district of columbia have shut down the department of motor vehicles. that means no new drivers can get their cdls, that is their commercial drivers license. they usually turn out, the industry turns out 20,000 or so new drivers each month. at least they were before the problem with the virus. now it is closer to two or three
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thousand. if this economy gets roaring again, according to the folks at the commercial vehicle training association, we're going to be in trouble. listen. >> but if the estimates hold you're not only going to see driver shortage return, you will see the driver shortage on steroids because we're not producing the same number or level of drivers that we would on a normal year. reporter: and the thing is, melissa, the trump administration has done its best to ease regulations in terms of drivers. if your license was coming due to be renewed and dmv was closed they said don't worry about it, you can just go ahead but you can't get a new license unless the governors open the dmvs in those closed states. as we debate what ought to be open, that one is on the table too because those truckers as you point out right now, they're doing yeoman's work, getting supplies where they need to go and store shelves staying stocked.
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melissa. melissa: boy, talk about something we're dependent on, wow, jeff, thank you for that. connell? connell: let's go to the state of georgia now will be the first state to allow non-essential businesses to reopen. that gets going tomorrow. we find out last night the trump administration is not so sure about this. take a listen. >> i disagree strongly with his decision to open certain facilities which are in violation of the phase one guidelines for the incredible people of georgia. i think it is too soon. and i love the people and i love, i love those people that use all of those things, spas and beauty parlors, barbershops, tattoo parlors, i love them but they can wait a little bit longer, just a little bit. not much. connell: so the president is talking about governor brian kemp's decision in georgia. we're joined by shannon stafford who is the owner of new era hair studio in the state. shannon, you have the go ahead,
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but it is your decision about whether or not to reopen. tell us whether you do plan to reopen tomorrow, and how you feel about it. >> hey, you guys. yes, i plan on reopening the salon. i have staff that will come in to perform services while others are deciding to wait it out. me personally i'm going to go ahead and start taking a couple of clients. today i came in the salon to try to make sure that i am preparing things as far as taking precautions and i'm sanitizing different things and, just coming up with a protocol so that when the clients come in i can make sure i'm safe and that the clients are going to be safe to the best of my ability as well. connell: you know the president, you heard there, said last night, he thinks it is too soon for these types of businesses an, some local officials have said the governor's decision is
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irresponsible or too early. what do you say to that? were you having any second thoughts yourself or are you anxious getting back to start making money again? >> to be honest with you, my personal thoughts, you know, a lot of non-essential businesses have been allowed to remain open, not really allowing us to slow down in the beginning of all of this. this particular industry, a lot of us have not slowed down with providing services, whether we're going to someone's home or they're coming to us, and that is more of a concern of me how we're moving forward with continuing to provide services to clients. because it puts us in a more vulnerable situation versus inside of a salon. so, i'm happy that we are able to reopen to make sure that we are in more of a controlled environment. connell: so you think you can do
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it safer there in the salon, which is interesting. how specifically, you mentioned a moment ago, coming in early, to get things set up. what are you doing differently? how will it be different than somebody normally came in a few months ago? >> we put a sign on the door, states no mask, no entry. that will be important before entering the salon, to make sure you have your mask. followed by going to the restrooms to wash your hands. you will come in to sign in. it will be very vital that every stylist sanitize their stations after each klein. we are also putting things in order so that after every client, each client will bible to get their own coverup, their own smock. connell: right. >> different things like that. so we can swap these things out so that you have your own personal garment that will be one of the things we'll definitely implement to try not to cross-contaminate anything
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that we're touching. connell: you get any sentence how your clients feel about it. we have been joking around about haircuts. we haven't been getting a haircut. i'm planning to let my hair go straight up so it is out of the camera shot at some point. it is what it is. at the same time, people, others said we're a little bit cautious about getting out to change our practices. you made your decision, you decided i will go for it. your clients have to make a similar decision. have you spoken to any of them, what they're thinking about? we should probably check back with you in couple weeks to see how it goes? >> as of right now i have actually have clients who are looking to book appointments. i'm decided only taking a couple clients a day, to insure they're not overlapping or on top of one another. that will be something that's vital, to making sure we try to maintain as much space in between each other as possible.
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so right now the clients, they're very excited a lot of clients have already been receiving -- for those who are okay with doing hair out of their homes and things like that. a lot of people have not stopped getting groomed. opening up salons to allow us to do it safer way. connell: shannon. we wish you nothing but the best. we hope this all works out. and we will. we will check back with you in a couple weeks as georgia gets started before many of the other states. okay. melissa? melissa: navigating uncharted territory. how nfl teams are preparing for tonight's first-ever fully virtual draft. plus the daily briefing from the coronavirus task force is set to begin in just a few minutes. we will bring you straight to the white house as soon as it happens. ♪. by refinancing now, you can save $2000 a year.
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melissa: fox business alert. chad pergram is reporting that the house is voting on the coronavirus aid bill. the house will also elongate this vote to practice social distancing. the last vote took one hour 59 minutes. president trump tweeting on the task force briefing saying it will start at 5:45:00 p.m. connell: if you are a sports fan you are starving for sports. tonight they will have a virtual nfl draft. reporter: we have been talking about how roger good he will will be making the announcement
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of each team's picks from his basement. we got a tour of his basement. he calls it his man cave. this is a far cry from what the league had planned. they were going to have it in front of the water of the bellagio fountains. the broadcast will include players in 58 remote locations. the players most likely to get picked will be on stand by. they will be on phones and computers to communicate with other teams about possible trades once they made a pick. many people because we are so starved for sports content expect this to be the most viewed draft of all time. they estimate $20 million will
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be bet on this draft. disney said it has seen unprecedented demand for ads as welt which is good when so many companies cut back on ads. connell: i read that they are so concerned about something going wrong. we are all operating in home studios. but is it about people hacking in? security stuff? >> they are worried about issues with the different equipment. they have three phones. when they did the test run, apparently one of the teams forgot to put that call on mute. so if you are talking about trade deals and you don't want other teams to hear and you don't have your call on mute other teams will hear. there are concerns about hacking but you can bet the i.t. department is working on that to make sure it doesn't have a
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hitch. connell: thank you, grady. we'll be watching. thank you everyone for watching us. we'll see you back here at the same time tomorrow. "lou dobbs tonight" starts right now. [♪] lou: good evening, tonight we begin with breaking news in the southwest regional of the country and louisiana as a severe weather system has produced powerful storms that killed at least 7 people in texas, oklahoma and louisiana. the storms generating two dozen tornadoes that struck those states. the storms are moving across the south and headed towards the carolinas. the storms downed power lines and trees and damaged 100 hours homes and businesses.
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