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tv   Cavuto Coast to Coast  FOX Business  April 24, 2020 12:00pm-2:00pm EDT

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cars, they raise money for musicians who cannot play in theaters or concert videos and they ride around the city, they pop up in various places, take their instruments out, play a concert and of course keep 6 feet apart. i like that. and prompt concert. new york city neil it is yours. neil: not too shabby, very impressive, thank you very, very much. we are following up on what you are, looking at the stimulus around the coronavirus and many times proven on the virus itself, has a virus that is like a standoff right now, the dow down 29 and a half points, encouraging news before i give you the latest from the white house, new york statewide total coronavirus hospitalizations around 14200 on april 23 yesterday versus about 15021 a day earlier. you're noticing a trend where the hospitalizations continue to
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decline and that is a forward-looking indicator on this, not so much tragic deaths but we like to focus on that is assigned to come to the process and we% to go to the hospital and then you see what you're doing in the hospital in the most severe cases and ends up on a ventilator, and then sadly you die at that point but that is a logging part, if you see a downtrend in the number of people getting in to the hospital and encouraging and keeping an eye on it, the governor of new york is outlining other promising developments as well, we will get into that later in the show, minutes await the president signing off on the $484 billion small business stimulus measure, some are calling relief, whatever you want but it is going to be widely seen as an opening with more stimulus down the pipe, blake has more on all of the above. >> hi, you see our colleagues lined up in the briefing room
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meaning they are still awaiting to go into the oval office, we expect the signing at some point later this hour, another $310 million to the ppp, the paycheck protection program on top of the initial 349 billion that went in the first-round, the administration in the last couple of days has been acknowledging that they have learned from some of the shortcomings that took place in the first-round and have made adjustments for the next batch, listen to larry kudlow as he spoke to stuart varney earlier this morning. >> it is better than earlier because it sets aside community development banks and minority men neighborhood banks and publicly held companies are not going to be eligible. >> there is a real question as to what exactly comes next, when larry kudlow was asked about that this morning he said let's worry about the implementation first but it was also interesting to hear him say they need to pursue pro growth
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policies going forward, he's saying at this point they cannot spend money willy-nilly down the line, the big question, how much might the states get, and local governments get when you hear from the national governors association and mayors from across the country, they put forth the figure of $500 billion in the cares act, the 2.2 trillion dollars phase three plans, 150 billion went to the states in 100 billion so far has been divvied out, there's a real question among republicans about whether or not money should be given to the states of exactly how much. last night the president was asked about this and he did not want to talk about it because when he was asked he said we will look into it, i've been looking into it and talking to different senators but i don't want to talk about it now, he said we will talk about it of more interest to the people, i bring that up because the white house had been signaling that the president was supportive of money to the states, they had
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not been saying exactly how much the president would back, now you have the white house saying let's just wait for a minute and let's pursue pro growth policies and will wait to see the president is asked about this and exactly how much money he would support for the state down the line if there is another belief or stimulus package, whatever you want to call it. neil: he would have to address mitch mcconnell's comments, states can always file for bankruptcy which is technically true but of course that turns into a raft of scores of democratic governors and the like, that is not what the president is saying, he is just looking at providing money, we just don't know how much and who gets it right? >> he has not backed bankruptcy, when he was asked about mitch
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mcconnell's comments, he did not want to talk about it, he did not want to say it's viable or something not viable, democratic governors, andrew cuomo said you want to see the market fall through the seller, let new york declare a bankruptcy paraphrasing his comments from yesterday. we don't really have an indication that the president would back an idea and we don't really know if mitch mcconnell still wants to go forward without or not because of the discussion still ongoing but it is interesting to hear the sudden shift from the president and the administration saying yes were open and looking into it but we have not put a number to it and last night the president saying i don't want to talk about at this time, let's move on to another topic. >> interesting. thank you very much, we will hear shortly from you in the president when he signs the measure and maybe take some questions in the process, we should also say there's been some confusion on social distancing in the practice that
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we have keeping 6 feet from each other and all of that, maybe that is early summer, june or july and that confused a lot of folks but the president wants a country to unwind as quickly as possible, that the number of states as soon as today, south carolina comes to mind, georgia certainly with all the controversy and texas. texas particular interesting because they are trained to find a way to satisfy retailers that now might be able to find a more creative way to get their goods into customers in casey steagall following all of that very closely. >> good to see you, creative is exactly what i was going to say, you took the words out of my mouth, the small business owners down here in the little section that is close to downtown dallas is packed with smaller independent stores, they say they had to get creative in order to open today, texas retail stores are opening but on
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a retail to go capacity which means people can purchase things online and then they come here and get it delivered into their trump or the backseat of the car so there is a minimal contact, however, when you're talking about that, they had to go to places like facebook, and instagram, these are not big-box stores like target and walmart that have all of their inventory online, a lot of the smaller businesses putting stuff on facebook, instagram to try to get people to let them know that they are here, to answer the phone and take payments over the phone and then come here to generate some of the lost revenue. listen. >> i have never wanted to be a shipping department and that's what i feel like right now which i cannot complain because shipping and packing orders means that i have orders coming in which is amazing. but i am ready to reduce the cost of shipping, obviously and
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see my customers. >> dining restaurants, salons, gyms, things like that, those are still closed all across texas but just up north from here in oklahoma, talk about a tale of two states, there are fewer covid infections and much looser restrictions that are getting lifted today. nail salons are opening, barbers, spas, all just by appointment but some of the intimate personal services that president trump gave the governor of georgia so much heat for yesterday, although oklahoma has not had as many covid infections, when you look at the overall numbers, they have not had a 14 day decline, the numbers are still all over the place with newer spikes in infections and the rest. it will be interesting to see how this plays out but the governor of oklahoma and texas
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say that they're going to start next week tackling the next phase of restriction in texas and they will start looking at things like movie theaters and dining restaurants in some sort of a form of limited capacity as is oklahoma as well, a lot is starting to happen as you know, a lot of people are also being critical in saying that some of the governors are doing this too soon and that we may put the public in danger and causing a chance for a researcher in cases, things of that nature so it is a little bit of a risk but clearly was so many people out of work they have to get the economy moving in some form or fashion and that's what some are trying to do here today. >> it's a delegate, casey siegel following it all, this is the criticism that the company georgia reopened for business, i
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stress not entirely reopening but there was criticism there by opening up about barbershops, salons and the like but the governor was making this jump and move when the number of deaths is still relatively high in the state and the downward trend is not materialized and certainly not over glass 14 gate and we will give you an update state-by-state on how some of these states for example are starting to reopen and in the meantime and i'm too go to congressman of the state of kansas, i should point out he is also a physician by training and he put his training were normally his political mouth would be to help out folks, he missed out on the stimulus bill but doing a lot of important work to help constituents who needed his help, very good to have you, how is it going there. >> good morning from kansas city kansas, i am here added covid
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clinic screening patients am i have the virus. these nurses and doctors are doing an incredible job, we have access to testing and all the tools that we need, this was a qualified health clinic all over the country in congress, weeks ago gave them hundreds of thousands of dollars to help with the covid testing i think things are very stable in kansas, the worst days are behind us, we have a few fires were trying to put out in a few locations, things are going we well. neil: i don't know the status of the entire state but i do know your governor said the may 3 reopening is an open ended goal, probably for the time being. do you know why that would be the case and what the plans are now. >> that is the governors decision for now but i'm talking to people all across the state we have many counties ready to go now, certainly within two
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weeks, i think certain businesses can start opening, i think the challenge to open up in a responsible fashion in the business level in the community level, this virus is going to be defeated at the community level is researcher reopen and people keep doing what the president has asked us to do to stay home if you're sick, wash your hands, keep up social distancing. i'm challenging the businesses in kansas to figure out a plan to open up responsibly and faithfully. neil: how important our testing kits to you, doctor congressman. i know your state just received last weekend another 7000 such kits, i don't know whether the use of the antibody test or something else but how much of that is recommended or this is the doctor side that says all right, i would feel safe if we slowly unwound some of the stu stuff. >> certainly to open a business into key business open, we need
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to do more testing, it is very critical, the great news is, the private sector responded, thank goodness president trump started working on this in february unleashing private enterprises to get his test. last week they said we need 6000 test, i reached out to a private company and said can you help us, they said we will have them there the next day, the private enterprise is responding to the need all across the state, all across the country, private enterprise is entering the bill doing a great job, the ppe along with that are probably a little bit short on some locations but i talked to all doctors and nurses across the state and they are ready to start opening up and doing urging cases that the little 6-year-old girl who has an ear ache for six months and needs a ten minute surgery to put her tube in her ear or maybe a gentleman that needs a knee replacement three months ago and now is addicted to narcotics. it is time to start opening a business and a safe responsible fashion.
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testing is a big key to do that. neil: what did you think of the president last night saying the distancing guidelines could stay in effect until the early summer, are you okay with that. >> absolutely, i think that is a community responsibility that i'm talking about. that i am more worried about people getting the virus when they go to walmart or to a grocery store then when they go to work. that's why we need to keep practicing that. i always think going in the fall will have to use a social distancing and absolutely more washing of your hands, staying home if you're sick, lots of testing the people as well. i think that's a reality we live in and we need each community to solve the problem locally. neil: congressman, doctor, thank you very, very much. you are doing tough work in tough times, not your typical politician, that is for sure.
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be well, be safe, be healthy. we want to update you on some other economic matters that you been hearing, the economy has slowed down, that is not a shocker, what is happening in the mortgage was a bit of a shocker, more than 3.4 million americans, this is mortgage borrowers are right now in forbearance, they are not paying their bills, they're not paying their mortgage and their very, very close to being in danger of losing that mortgage. that is essentially their home. this represents 6.5% of all mortgage holders upstanding. that is a somewhat delayed report. it could be higher since all of that, katrina who follows real estate very, very closely on what this could pretend. when i looked at the numbers, i was not surprised that people were late in mortgage but i was a little surprised that the 60 day and over number in the fact
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that it moves into forbearance. is that usually a precursor to taking efforts to take away their home, you gotta wonder. >> what is happening as you mentioned, over 3 million people have actually asked for forbearance with mortgage companies, every bank is dealing with it differently. every borrower in the situation is different, as of a norm of what they're doing right now, basically they are allowing you not to pay your mortgage for 30 - 90 days and then reevaluating what is happening with covid-19. from speaking to many banks myself, the challenge was at that point in time they would require to reformulate your loan or you had to required to pay a lump sum, many people lost her job so even though you're not paying your mortgage for three months, having to pay a lump-sum which equates to three months, many people cannot do.
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now things are changing where some banks are being allowed to actually move the payments to the end of the mortgage which helps people in on appointment situations. i think it is really important to know because the number one question i being asked, are we headed towards a housing crisis. the truth of the matter is, right now were in a very different situation than we were in 2007 and for instance in 2008, it's a complete the different animal, were in a health crisis whereas in a housing crisis, what is different now is that 53.8% of americans actually have 50% equity or more in their home. that was not the case back then. also as far as mortgage lending and interest rates, were in a completely different situation. we actually just hit historic low for interest-rate which is causing a lot of people to jump into the refinance market. what is happening with that, banks are so overwhelmed with
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the amount of people refinancing they are increasing their rates, people are confused, i have so many people reaching out and asking, what is the fluctuation in interest rate, there's so many things going on behind-the-scenes whether the treasury bond and so forth but also some banks are at capacity. something is going to have to give, the good news is for mortgage servicers is freddie. >> has actually now buy back some of the mortgages because it was getting to the point where the servicers were not making money because people were not paying their mortgages. it is going to be interesting, one thing to know is people think that home prices are actually going to go down, you have so many buyers waiting to take advantage, the truth of the matter is, sellers are very confident that the housing market is going to bounce back once we get out of this quarantine. there's two different perspectives that play in their definitely not i type. that will be interesting to see
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how that plays out. neil: one quick follow-up on that, i cannot imagine in the very scrutinized environment that any lender or buyer -- want to hear from a customer or customers, millions of them i need forbearance, patience, 30, 60, 90 days and then they shock them down the road or in extreme cases began plans to take the homeaway. in this environment, that would not be good pr. >> banks are being very reasonable, they understand they would rather keep the customer because everybody has a home, this will not last forever. they know that, people are going to harm times, i'm not just down enough for one bed but i want to give people reassurance that we will come out of this united and we are in a different situation now and the banks are stepping up and helping people, another doing automatically in cases and i advised a lot of my clients to go on and apply in their getting
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notices in the mail where they're being granted that without any question and reevaluated within 90 days, it is a huge help for people that are not working at this point in time, your mortgage is the biggest expense that you have in your lifetime. neil: very well said, thank you very, very much. something that i think katrina would remind you, if you're in a situation the big necessarily won't call you, you call the bank. i've not heard of a single instance where if you requested forbearance for a month or two, sometimes even three the bank will say yeah, they are not going to volunteer that for you. you have to raise it with them. we will have more after this. we caring for your family at home or those at work, principal is by your side. we're working hard to answer your questions. like helping you understand what the recently passed economic package can mean for you. we're more than a financial company. we're a "together we can get through anything" company.
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refi shortcuts the process. veterans can refinance with no income verification, no appraisal, and no out of pocket costs. one call could save you $2000 a year. neil: getting a quick update on the white house, we told you the president is signing the 440 dublin hundred dollars reading
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country relief bill, we will get playback from that, i think now you're familiar with the drill, we get in our hands and then we playback for you, right now in the room with the president and the vice president, secretary mnuchin, the sba administrator, a number of lawmakers including steve scalise, it looks like liz cheney, kevin mccarthy, the republican leader in the house, they detail the money that is being sent out to cover hospitals, community health centers to small business relief, he did talk a little bit about his own task force saying we don't get the credit that we should and he also said something that he's echoed in the past that they are delivering more than the necessary goods and where the king of ventilators, a number of states have been calling for tens of thousands of ventilators in the federal government led by the president task force got them all going and that is not nearly as many needed. which is probably a good thing
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but the federal government was there and the president saying the task force and he were there as well, when the tape gets into our hands we will play that for you. please don't worry about that. i want to take a look at the corner of walt, to debut drive king debuting today, not doing that poorly if we take a look at it right now, the online betting house right now confounding a lot of folks that thought there was no sports to bet on that it would have bad timing, that does not appear to be the case right now, up 8% to just under 19 bucks a share. jason robbins is a draft king ceo who joins us right now. good to have you. >> thank you. neil: how is it looking from your vantage point, they debut today obviously as a result of key emergence, will get into
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that in a second, not about start. >> i think for us it's a little bit different than a traditional ipo because we ended up going public through and under the old symbol the stock has been trading for quite some time and we had a good sense of where we were but it's nice to see it go up today and hopefully that is investors confidence in the strategy in future that draft king has. neil: what intrigues me is that you are merging with diamond eagle acquisition, this is the big one run by the movie studio executive harry sloan and also with sp tech global, to provide a lot of online betting platforms. obviously the bedding is on bedding and i'm wondering in this environment when there's not much sports going on, how you deal with this downdraft,
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and i have the draft, you can talk about that a little bit but how do you get creative and what you can bet on. >> you mentioned the draft, that was last night, that was nearly a tremendous event, we actually booked more bets on the draft, the typical average sunday night for a game in the nfl season, and there is a lot of demand for sports and pretty interested. neil: what were they betting on, just being curious, what were they betting on. >> a lot of betting on quarterbacks, there was a lot of quarterbacks to be taken at what point in time, everybody bet on job road to go first, we cannot give him short enough odds to get people not to so a lot of people had money on that, there's a lot of random prospects on things, one person bet 500 to one that the 49ers
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would draft chase young, i think it's a reflection that there's so much demand, people are bored at home and hungry for traditional sports in the nfl draft which is certainly a big event every year, this year who are expectations out of the water, it was huge. i think that's an indication that there is a lot of desire for sports to come back. neil: this is a dumb question on my part but are you allowed to go beyond the sports betting in other words politics offers opportunities, how many times a candidate rips another candidate or a game where people say how many times bernie sanders would say billions, can you do that and branch beyond sports. >> each state differs in exactly what they allow, new jersey for example we can offer online casino games like blackjack and slots and things like that. but different states have different rules, what we have
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done for states that don't allow people to wager money on things like politics or tv shows, what we've done instead is create free to play pool with real cash prizes free to enter for everything from how many times bernie would say a word during the democratic debate to survivor, we had trivia games we set up for "tiger king" and other popular shows, e sports has been growing like crazy, it's been a huge beneficiary of traditional sports being on hiatus. in the game today mentioned in new jersey will expand into other states in the near future, the traditional casino games like blackjack that we offer. there's a lot we done traditionally but we got creative on the free to play pools and i'm very proud of my team, they quickly rallied and came up with a number of great ways to engage customers that probably would not have been thought about beforehand. neil: all right, we will see what happens, thank you very,
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very much. draft king at $19 a share, a lot of you have said we take bets on what you're going to say in a typical show like sorry for the heartbreak, and interrupt the interview. not so fast. or after this. ♪ i wanted more from my copd medicine that's why i've got the power
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neil: what is interesting is states opening for business like georgia and south carolina, they can set parameters about what opens and how, individual retails or establishments are part of it can decide for themselves if they want to do it, that will be the case in south carolina, georgia did limited openings despite the back-and-forth of whether the governor is moving too soon, this is a limited unwinding if
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you will, let's go to jonathan with what he is seeing and what is opening. >> certainly going to be in interesting experiment, some businesses want to play it safe and not open and other businesses feel it's safe and the big question will be how did the customers feel, president trump says he's allowing governor kemp to go ahead with this plan to reopen georgia despite some of the presidents reservations, he did have a private conversation with the governor and describes what he told him/her take a listen. >> it your own decision but i want people to be safe and i want the people in georgia to be safe, i don't want this to flareup because your deciding to do something on the guidelines. >> a couple hours after the president's comments, he tweeted that my week my team has worked closely with the trump of administration counterparts to mitigate the impact of coronavirus in georgia, our
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decision and direction are informed by data and public health recommendation despite the governor order that everyone is rushing to reopen, the owner of the atlanta barbershop say they're not ready until they can acquire proper safety equipment but other salons feel comfortable opening, this one is screening customers with a thermometer before letting them inside. >> i am very proud of governor kemp for being the first to open a state and i think even the right now people are not necessarily supporting him i think it's a matter of time before he proves that we needed to open the state backup. >> the governor order allows fitness centers to reopen but this one part of the national chain playing it safe remaining closed flicking other businesses in the stripmall, the nail salon has a signposted upfront that they will not serve customers displaying symptoms, there is a dog grooming and coffee place
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that has stayed open throughout all of this but serving customers including the dog outside in the parking lot, another salon has just now opened here today in the chinese restaurant has been serving take out only, however, starting on monday the governor's executive order will allow for some limited dining service provided that georgia restaurants can maintain social distancing inside and once again just like with the salons it will be interesting to see which restaurant still confident reopening the dining rooms and also more importantly what the customers think. neil: i don't know if you know this but i am curious, how did tattoo parlors get near the front of the line, i can understand some of the others but tattoo parlors, how did they luck out in the early opening round.
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>> from the governor's thinking, he is trying to look after small business people who have no source of income while there shut down, he is worried about the tattoo artist, the hairstylist, the barber and just to give you an idea of the pressure, we talked to one barber who had a friend in another barber during the shutdown was going to individual customers homes, he said his friend ended up getting covid-19 from one of the customers and died. it shows the financial pressure putting these people in danger so the governor figures if he can open some of these people up, get them back in business at least the be doing it under state guidelines instead of a free-for-all. neil: that makes very good sense, i understand. thank you very much. jonathan in atlanta monitoring that closely. i want to alert you to a couple other things what it comes to states like south carolina also, opening up or looking to open
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up, i talked about individual urchins who can decide whether they want to take advantage of interesting developments in south carolina for example, establishments like chick-fil-a, philly cheese steak express, they have expressed interest in opening up when malls open up or that sort of thing or independent shopping outlets, large and so-called big-box retailers not so fast, that is even with the call by the governor or elsewhere to slowly open up, it depends where you are for example if you're in a mall in that mall opens up in your chick-fil-a and that makes sense and books-a-million, it is fascinating how this is a process that comes in waves, he can set guidelines and retailers themselves can decide whether with the limitation that it's
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really worke with their efforts, obviously these establishments feel they are in many people congregating is good for them, customers. but they're not duty-bound to honor that. it's an interesting along this that i want to share with you, in the meantime the president getting remarks on the $440 billion stimulus package that is still going on in the white house, he is also outlining plans for future stimulus measures, so much we don't know, this is how much we know, edward lawrence is on top of it. >> the president reiterating that this is 30 million people the payroll protection program has helped 30 million people and he just signed the bill, it is officially in law, that will start the process, right now the office of management and budget is working to get the $321 billion moved over to the small business administration to restart the ppp program and
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again, it takes a day and a half for that to happen, there are 700,000 small business applications ready to be processed when the program opens again according to representatives debating in the house, the source of the small business administration told me they expect to have guidance to banks today or tomorrow on loans so they can process on sunday with the existing loan monday for new applications. the administration says that this program puts the economy in a better position to open up when that happens. >> it positions us better if we can help the companies not just dataflow but keep their workers on payroll and i'm very pleased that that has now been given an additional funding that the president will sign today. >> the rules to get the money have changed because of the backlash that happened with larger companies getting the funding they are returning the
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money and 40 publicly funded companies that we've seen have been able to get this loan, the forgivable loans, the treasury secretary says if they return the money by may 7 there will be no issues, political fallout still ringing, republicans bringing democrats for the job losses that happen with an lost week. >> this is a program that ran out of money eight days ago. and over that time more people have lost their jobs, more small businesses have closed and why did they do this, they were playing politics for a larger social agenda and there is absolutely no reason to do this, this is vital money for americans who are looking for the paycheck. >> democrats say they were adding necessary items within the house speaker nancy pelosi turning around on republican saying they could've said yes to all the items that were passed in this bill eight days ago so the payroll protection program
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did not run out of money. neil: thank you very much, edward lawrence, the president still meeting in the white house with key aides and some top politicians outlining what his plan will be going forward, he did say that tim cook from apple agrees that it will be a v-shaped and others disputed saying will go back and bunches and layers and staggered over many months but tim cook of apple agrees with the president but this recovery and he gets going will be v-shaped, that is a sharp rebound or some worry about an l-shaped, pick your shape but that is just a veal, in the meantime i want to let you know there has been surprises in new york state where the drug testing has revealed that a good percentage who took the test had exposure to one point trying the coronavirus itself which means
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up to 2.7 million new yorkers reviewer to extrapolated out might have had or exposure to coronavirus, the significant that is the doctor with the women's forum pulmonologist in repertory issues and a whole host of issues that are very compelling in this case when it comes to coronavirus because doctor you can correct me if i'm wrong, i usually am, that's a vulnerable population if they get coronavirus, first of all what did you think, glad to have you back of the testing early finding. >> great to be back, this is fantastic news, it tells us what we expected that most people with coronavirus will be asymptomatic or mildly affected, not seek medical attention, not come into my intensive care unit where i've been over the last month and is going to get better, this means there is
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widespread evidence that people are generating antibodies. what we don't know is how long the antibodies last, the key to finding out how deep the virus is penetrated society is widespread population testing, iceland leads the world at testing, 4100 people per 100,000 population has been in iceland, next to south korea, 700 to 100,000, we're trailing because the cdc original antibody testing was not that great and had to be recalled and then they put limits on who could do the testing, now there's a race of over 280 available, 92 companies rushing to do the testing and 29 american companies, we're gonna have antibody testing and that will help us not just as doctors and citizens but the economy, when you know how widespread antibodies are you will feel more confident about returning to the workplace.
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neil: so the greater population that had exposure to or might've had and passed through the virus, you could also put that around 70 make it paranoid and said i had it too, i'm not going back until i know for sure whether i have antibodies or the markers for this. what do you tell them. >> i think first of all, two different test, one is to cru infected, that the pcr test what were using on our patients in hospitals when you go in and feel sick and you want to find out that's the case. the testing that we talked about the governor cuomo is discussing evidence of antibodies, the infection has been there, may produce inner bodies and less because they were, i think it is a very positive find to discover antibodies and i'm thinking in the healthcare population when they study everyone that works in the hospital will have even better knowledge about this. but this does not replace social
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distancing or hand hygiene because it is still infectious and depending on which kind of antibody we are hoping that this will show the mature in our bodies and people can sometimes have inner bodies whether still affected but that's getting into the weeds little bit. neil: let me to me ask you some, as a pull knowledge of scummy look at the respiratory issues in the antibodies have exposure to tuberculosis or asthma, there in the subset of the population for going back might not be in a media event and should not be immediate, are you in the group that says if we stagger this, that population, those with vulnerabilities such as respiratory issues or diabetes or heart related issues if you go to the back of the line, how would you advise people. >> that's a great question and a difficult one because everybody no matter their committed babies
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need their livelihood and want to start resuming some kind of normalcy, but we actually see from the data published yesterday 97% of people in hospitals were desperately ill have high blood pressure. that reflects who americans are, we are more than 70% overweight more than 42% are over beast, that is the first group that are at risk, do we limit people coming back to work because the body mass index, that has sensitivities but a true risk factor that we see people over beast have a much more severe because in a much higher risk of death when they do get sick. i think that everybody uses the common sense, clearly you want to be as healthy as possible and we want to start reducing her body mass in the united states and employers and employees are going to be guided by immune profiles but as well certain
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people are extremely vulnerable, patients with asthma, emphysema, must limit their contact even when they go into the workplace, they must be extremely protected, i think it's also a challenge to make sure you're as healthy as possible, and september will start having the flu vaccine, people need to uptake the regular flu vaccine, we also need to eliminate because it can be very dangerous like smoking, like vaping which is very dangerous and even recreational marijuana, the lung is only organ that is open to the outside world, not like the kidneys that are tucked away, we do have to take precautions, i would hate to say which people with what disease should be allowed, much more practical than britain, people over 70 are mandated at home for three months, that includes my parents, i think that is a very sensible measure because older that we are right every decade, the greater the risk of death with this position. neil: that is fascinating. thank you very, very much.
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the pulmonologist, much, much more. thank you and be well your self, we appreciate your hard work on behalf of a lot of folks, we are also waiting to hear from the president of the united states, he is talking in there and when that tape becomes available i have a feeling it will be a long back and forth, i don't know if he's taking questions per se, usually he does and i have not confirmed he is taking questions, so we will find out a little bit more, i want to go to charlie gasparino in the meantime the president is confident he took the time -- apple ceo tim cook that is convinced that this will be a v-shaped, i don't know the full context of the remarks or whether other ceos in similar can concur but it seems that would be a tough move given the staggering nature that america is going back to work and they're concerned about crowds et cetera.
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but again that's amongst the things he's pointing out now, your thoughts. >> the consensus is very mixed, most ceos in the blackstone ceo came out the other day saying he does not see a v-shaped, more like a u-shaped provident hedge fund investor does not seem v-shaped, jamie dimon does not seem v-shaped, let's hope there is a v-shaped, i should point out they have unprecedented stimulus at this issue. we are talking about monetary and fiscal stimulus that we've never seen before. you cannot discount v-shaped when things get going, a lot will depend on human behavior two people go out, travel, eat at restaurants, do the things that we used to do in the past, it's very possible that they do and they have extra money in their pockets. let's hope for a v-shaped, i went to do a transition because the news out of at&t is pretty interesting, at&t is a big
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media conglomerate media company owned cnn and time warner it had a big change in management, the long-term ceo put together the big merger with time warner that includes cnn emerging with at&t, he is stepping down and we foreshadow this back in september where the activist investor that took a stake in the company was going to push for that, they were actually not pushing for the guy that became the ceo who is now the ceo, it is very interesting, he was a close confident of stefan's in. he will be under a lot of pressure even though there is an unofficial truce going on, he owns, therein activist because they own a bunch of shares in push management to do certain things, two things he's going to have to do, he's going to have to try to sell directv, i know they say that they don't want to come as part of the long-term plans but directv is bleeding subscribers left and right, it's a huge money loser for them and everybody that talks to
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management says i'm talking about analysts, investors, bankers, to look at selling directv because it is a drag on the company, he will have to the sunday football ticket that is a football game that the air on directv that they pay $2 billion for, let's face it there may not be an nfl season or a shortened one. this is an asset given all the other stuff that they have to do including investing in 5g, there one of the top wireless players and also over-the-top service, hbo max is something that they need to compete with netflix. lots of stuff for him to do including those two major issues selling or doing something with directv, lots of banking options you can do, maybe a partnership with dish, that's been thrown
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out, we reported in something with the sunday ticket because it is a lot of money and you don't get a lot of bang for the buck, remember that is distributed through directv and will be interesting if they distributed to a better venue because again directv is bleeding subscribers. we should again point out that elliott management activist was pushing for the new report back in september and i just noticed maybe edward got into this but the trump administration is now saying no hedge funds, no private equity firms can take the ppp loans that are meant for small businesses, that is something that fox business was out before anybody and it's about time they did it, these are companies that employ a lot of people in the differences of
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small business right now does not have any foot traffic, it's not making any money, hedge fund is making fee income they should not tap into the money , i think mnuchin companies in the treasury secretary and the others were wise to pause that. back to you. neil: great reporting as always, charlie gasparino on that, the president at the white house commenting on a number of developments including oil and a number of intriguing comments as oil prices are down for the third straight day, already recovered about 50% in the last couple of trading days, jackie deangelis on what he is saying and who he is talking about. >> good afternoon, some headlines i want to bring to you, trump saying that russia and just one comment on that. even if the saudis and russia together cut the 15 to 20 million barrels a day, that's almost half their production. i'm not necessarily sure how they could possibly do more than that but the president is saying they could make further production cuts. meantime, trump is floating the idea that the u.s. government
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could buy fuel for the united states in advance. one issue that i would comment on there is the fact that one of the problems that pushed oil prices down was it was difficult to find storage. so having said that, it's something to watch for. the treasury secretary also saying that it could be soon that the trump administration is looking at u.s. government possibly taking stakes in energy companies as one option. remember, we saw that price of oil come down, we were so worried about some of the smaller players in the industry possibly filing for bankruptcy, so it looks like the government is mulling over what it could do here. mnuchin also said the administration is looking at several options to help oil and gas companies. trump saying that he wants to help the industry in general as well so it seems there is some support and this conversation is starting to move forward. you mentioned the recovery we have seen in the june contracts for oil, still trading under $17 a barrel. so it's got a long way to go before companies can start being profitable again, neil.
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neil: quite a ways to go. still talking about that v-shaped recovery. we shall see. thank you very, very much. meanwhile, another issue that is likely to come up, don't know if it has already, mitch mcconnell you might have heard when it came to states that were looking for relief from washington, he always raised the possibility that they could file for bankruptcy. there is some precedent, you might recall in the 1980s. cities have done this and all but the idea that the states would be encouraged to do that or at least that's how many read the senate majority leader's comments, was not well received. the fact is, states need money and the president seems to be indicating he's open to giving the money but there is a fine line how far you can go with this. hillary vaughn has been following it very very closely
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in washington. hey, hillary. reporter: hey, neil. some republicans are concerned that this relief money for state and local governments could end up turning into a blue state bailout and now senate majority leader mitch mcconnell is getting some blowback for that bankruptcy comment from a bevy of bipartisan governors but also from his democratic counterpart in the senate. >> he was the reason that state and local aid was blocked in the interim bill that the president is signing today. he wouldn't let it go forward. but now that people have seen how twisted his logic or illogic is, i think actually what he said has given even more momentum for state and local assistance in number four. reporter: but some are apprehensive to include that relief money for state and local governments in the next coronavirus relief package. the president saying yesterday that the majority leader was not too far off base with his concerns.
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>> new york and new jersey were in a lot of trouble. they had a lot of problems long before the plague came. i spoke with governor cuomo about it, spoke to governor murphy about it. i spoke with gavin newsom about it. speaking to a lot of people about it because it's probably going to be the next thing on the list. lot of people understand very well what mitch is saying. reporter: there is concern among some republicans that the appeal for federal aid is a play to make up for public work pension shortfalls and right now the hot spots for coronavirus are in bad shape when it comes to pension debt. new york's pension fund was underfunded by over $11 billion. new jersey's by over $142 billion. followed by massachusetts at $35 billion in debt and california at $190 billion. there is some support among senate republicans for state relief but there also is an idea that they could try to cough up a compromise here and put conditions around that state relief to make sure it doesn't go to states and then states turn around and use that to get
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them out from under water from these pension relief debts that they have. neil? neil: all right. hillary vaughn, thank you very very much. hillary vaughn in washington on that. still waiting to hear, get that tape back from the white house. he is talking of states and what he can do for them. also discussing his newfound close relationship with the governor of new york, andrew cuomo. the latest on what we are hearing from the governor and some promising signs in the state from david lee miller. david? reporter: neil, the governor held his daily briefing just a short time ago, and he said that weeks before the first confirmed case of the coronavirus in new york state which was on march 1st, it is now understood and believed that more than 10,000 new yorkers already had the virus undetected. according to cuomo, between the beginning of the spread of the virus in january and the european travel shutdown in mid-march, approximately 2.2
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million people arrived in the new york area on 13,000 flights from europe. the govern or cited recent studies showing it was travelers from europe, not china, that brought the disease to new york. a statewide survey released yesterday shows 13.9% of new yorkers, 2.7 million people, likely had the virus based on random antibody testing. the governor says a lesson learned here is that the virus anywhere is the virus everywhere. >> how can you expect that when you act two months after the outbreak in china, the virus was only in china? waiting for us to act? the horse had already left the barn by the time we moved. a researcher now says knowing the number of flights coming into new york from italy was like watching a horrible train wreck in slow motion. reporter: the governor again lashed out at mitch mcconnell suggesting that states such as new york declare bankruptcy
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rather than expect a federal bailout. states declaring bankruptcy would require a change in federal law and cuomo dared mcconnell to try and pass the necessary legislation. he said doing so would signal that the country is in quote, real trouble. the health crisis has left new york state with a budget shortfall of $13 billion. preliminary results from 600 very ill patients suffering from the virus shows that hydroxychloroquine with and without another drug did not make a significant impact on the patient's survival. a study at the albany school of public health says the initial results do not speak to other potential uses of drugs such as for the prevention of infection. lastly, the governor said today that all indicators trending downward. good news overall, but nevertheless, he did say it was devastating that another 422 people in the last 24 hours lost their life to the virus in new york state. the death toll statewide here now more than 16,000. neil?
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neil: david lee, while i have you, the governor has also been saying, we are only about a minute away from the president so i might interrupt you, that new york could have a staggered back to work. upstate not nearly as affected by the virus as the new york city area. did he mention any more on that front? reporter: he didn't go into detail about that but you're right. the statistics show that new york city has a rate of 21%. upstate is around 3%. a dramatic difference. the governor has underscored that any reopening has to be broad, has to be done regionally. otherwise you will have people from downstate perhaps going upstate in order to get a haircut or go out to dinner and this is something they have to reconcile not just here in the state but with neighboring states, new jersey and connecticut. neil? neil: all right. david lee miller, thank you very much. we are expected to hear from the white house now. we did pass the 50,000 death count in this country, but the president is noticing that the improvement has begun and the
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better trend is now starting. the president. >> -- credit for what the government has done, do you take any responsibility for these 50,000 deaths that have happened in this country? >> i think we've done a great job. as you know, minimal numbers were, minimal numbers were going to be 100,000 people. minimal numbers were going to be 100,000 people and we are going to be hopefully far below that. if we didn't take quick action, we could have lost many millions of people so we're really being given a lot of credit for a lot of people. i'm not looking for credit for myself but i am looking for credit for people in the federal government that have done such a great job and for the doctors and nurses and everybody else. please. reporter: mr. president, you have commented on rick bright, who filed -- >> i don't know the gentleman. i'm sorry. i don't know him. i don't know how you sign a whistleblower complaint, is it a whistleblower complaint you're talking about? how do you sign a whistleblower
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complaint when no one knows who he is? i don't know anything about him. reporter: he was retaliated against because he refused to promote hydroxychloroquine. >> easy, easy. take it nice and easy. i don't know anything about him. until yesterday i never heard of the gentleman. reporter: why -- reporter: have you asked anyone to look into the circumstances -- >> not yet. at some point i will. i get they moved him to a different group. reporter: what price should china pay for covering up this virus? >> we're looking into it. we're studying it. we're investigating it. we'll see what happens. but it is something that should have been stopped early on. it could have been stopped easily in china and we don't understand why they didn't do it. so we're looking into it. we're not happy about it. reporter: why don't you know about -- i'm with npr. >> go ahead, please. question? reporter: do you support any money for the postal service?
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>> i can comment on that. we authorized in the last care act over $10 billion of a loan. my team is already actively working on that with the postal service, if they need the money, and we're dealing with that. >> the postal service is a joke, because they're handing out packages for amazon and other internet companies and every time they bring a package they lose money on it. so amazon and other internet companies and delivery companies are dropping all of their -- not all of them, but a big portion of packages and whatever else they're doing into a post office and the post office is supposed to deliver the packages, and they lose a lot of money. the post office should raise the price of a package by approximately four times because they don't raise them. for some reason, these people have been in there a long time but for some reason, they are
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very cozy with some of these companies and they don't raise the price of a package. if they raise the price of a package like they should, four or five times, that's what it should be, or let amazon build their own post office which would be an impossible thing to do, because the post office is massive and serves every little piece of the country, the post office if they raised the price of a package by approximately four times, it would be a whole new ball game. but they don't want to raise because they don't want to insult amazon and they don't want to insult other companies, perhaps, that they like. the post office should raise the price of the packages to the companies, not to the people, to the companies. and if they did that it would be a whole different story. do you agree with that? >> i do. actually, we are going to put certain criteria for postal reform program as part of the loan and we are looking forward, the board is recruiting a new postmaster general and doing postal reform.
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>> i'll go a step further. if they don't raise the price of the service they give which is a tremendous service and they do a great job, the postal workers are fantastic, if this thing is losing billions of dollars, it has for years, because they don't want to insult for whatever reason, you can imagine, they don't want to insult amazon and these other groups. if they don't raise the price i'm not signing anything. so they'll raise the price so that they become maybe even profitable but so they lose much less money. okay? if they don't do it i'm not signing anything and i'm not authorizing you to do anything, steve. reporter: can you clarify your comments about injections of disinfectant? >> i was asking a question sarcastically to reporters like you just to see what would happen. disinfectant, doing this maybe on the hands would work. i was asking the question of the gentleman who was there yesterday, bill, because when they say that something will last three or four hours or six
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hours, but if the sun is out or if they use disinfectant it goes away less than a minute. did you hear about this yesterday. but i was asking a sarcastic and very sarcastic question to the reporters in the room about disinfectant on the inside but it does kill it and it would kill it on the hands and that would make things much better. that was done in the form of a sarcastic question to the reporters. reporter: so you were asking your medical experts to look into it. were you being sarcastic with them? >> to look into whether or not sun and disinfectant on the hands but whether or not sun can help us because i mean, he came in yesterday, he said they have done a big study. this is a study. this isn't where he hasn't done it. this is where they have come in with a final report that sun has a massive impact negatively on this virus. in other words, it does not live well with humidity and it doesn't live well with sun, sunlight, heat. doesn't live well with heat and
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sun and disinfectant. and that's what i brought out. i thought it was clear. okay. anything else? reporter: mr. president, could you comment a little bit on what you are considering right now for helping the oil and gas industry? >> i want to help that industry, that industry got unnecessarily hurt by massive amounts of oil being produced by very big countries, oil producing countries, and they got carried away. and i got involved with those two countries to have them make peace with each other but by the time we get involved, all of a sudden they have billions of barrels, they never saw anything like it. every tanker is loaded up with oil sitting out in the ocean. oil is less than water. nobody's ever seen anything like it. now, in many respects for our country, automobiles and airplanes and all the things you have to do with the airlines, we're trying to make the
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airlines work again and we will, we just provided financing for them which was great. we are going to keep our airlines and all those employees totally intact so in some ways, the fuel cost is very low but i'm an energy person. i love the energy business. we are energy independent. we are going to stay that way. we are also filling up as you know our national strategic reserves and we are filling up like never before and we are frankly getting very good prices, okay, as we should. very good prices. so we are filling up the reserve. that's 75 million barrels. we are going to have that filled up pretty soon so it will be filled for the first time in a long time and we're doing it at a very very low cost. so it's good. now, it will come back when the virus is gone. they lost 40% of their market because of the virus, in all fairness to even the producers, and even the countries, they lost 40% of their market because people aren't driving automobiles, they're not doing anything. so all of a sudden, they're not
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flying in airplanes, the airline business is essentially shut down. so all of this massive amount of fuel, and this is all over the world, this isn't here, this is in virtually every country. i would probably say as you know, i have been talking about 184 countries, probably more than that now. 184, friend of mine said very sophisticated friend said i never knew you had 184 countries. we actually have more than that. but 184 countries that we know of have been affected by this. so the oil business has lost 40% to 50% of their market. that was, you know, who would have seen a thing like that coming. as soon as this comes back and with the cutting, the energy business will come back and it will come back strong. so we're working. the energy business is very important to me. and we're going to build it up. this really hurt the energy business as much as any other business because it totally knocked out the supply kept coming and by the way, there was a lot of oil when this hit.
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before it hit. it was a lot of oil. prices were pretty low which is a very good thing. but then we got hit by this and it was devastating to the energy business all over the world. so we will be able to, once this straightens out and once you get some demand and then you are going to reduce the supply a little bit, it will equalize and it's going to be great again. we will make the energy business great again. we want to remain independent. we are independent now. we are totally independent on energy. we want to keep it that way. reporter: could secretary mnuchin perhaps clarify whether the government is considering sending aid to energy companies? >> the president has asked me to work with the secretary of energy and we are looking at a whole bunch of alternatives. it would be premature for me to comment on any one of them. but the president has asked us to look at the range of alternatives. reporter: is that one of the alternatives? >> again, you can assume that's one of the alternatives but there's many of them. >> one of the alternatives we can think about, steve, just in
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sitting here watching, we could buy, you know, the united states is the largest user of oil. we could buy oil at a great price into the future. that gives them the infusion they need and we have oil at a great price into the future so that's something i would like you to think about. >> it is as you suggested. >> likewise, i told steve we're the biggest user of the airlines, united states government, and one of the ways we can help the airlines is by tickets at a very large discount, maybe 50% off or maybe more, and you buy into four or five years' worth of tickets and you infuse them with some cash. in the meantime, we're flying the people of our country for a fraction of the cost that it would be when the airlines get back. they will get back. but so we're thinking in terms of as additional because the airlines are all set right now. but as an additional incentive where we buy tickets in advance
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at a very big discount. which i liked really from the beginning. and we're not up there, look, the fact is the airlines, i like that as an additional help for the airlines. i like it both ways. i like it -- we are the larger user of -- largest user of the airlines so you buy tickets. i don't know, sounds good, right? if we get a good discount. >> i appreciate, wyoming appreciates what you're doing for the energy industry. >> wyoming is great. they're great. >> i want to thank you and your administration. your involvement on the opec deal is incredible, vital. it wouldn't have happened without what you did. your whole team has been very focused on energy. i do think one issue that a number of us are starting to have concerns about is there are big american financial institutions that the federal government has helped many times, they are going to do well with regard to facilitating some of the cares act stuff.
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they are starting to discriminate against american energy companies, discriminate against investment in my state, in alaska, and i think it's going to be really important -- >> i don't like that. >> -- wall street banks that want the federal government to help support them and then they discriminate against a critical sector of the u.s. economy? by the way, the sector, the 2008-2009 recession that really drove us out of our recession, i don't think they should be allowed to do that, sir. i know you have concerns about that. >> i'm looking into that. you're right. that got where they were pushed by the radical left and so they're afraid of the radical left. shouldn't be afraid of the radical left. very nice people. aoc plus 3 and all of her friends. but you shouldn't be afraid of them. you should reason with them and if they don't reason, you do what's right. you cannot be discriminated against these great energy companies and there is, i've heard that from them, that it's
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very hard. one of the banks i think they said we want to be out of energy by 2050. that's a long time, but they want to be out of energy. what's that all about, they want to be out of energy. so we're blessed in this country because we are sitting on top of tremendous wells. very few countries have that kind of wealth. we are bigger than saudi arabia, bigger than russia, bigger than any other country in terms of our energy. a lot of things like the paris accord, the paris accord basically took your wealth away. it didn't give you the advantage. i said i won't sign it because it took the wealth of this country away because they didn't want us to use our energy, they didn't want us to use our great asset. we have tremendous wealth. you know, one of the interesting things if you look at iran and you look at saudi arabia and you look at the big vast waterways that we patrol, years and years and years gratis, for nothing, so that other people got rich. so that we could get oil out of
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there. but so that other people got rich. we never got anything. now we get things for it. but we don't have ships very much in there anymore. with all of the conflict and all of the things, they kept saying where are the american ships, we have so much energy now, we're sitting on so much and it's happened rooefrl teally over th three years, three and a half years. one thing that happened, if you look, john, you were even in favor of it because you are an energy person but we helped alaska, but we really helped the united states with anwar, they did a fantastic job. ronald reagan tried to get it approved. couldn't do it. every president tried to get it, couldn't do it. i got it approved. >> yes, sir. great. >> people don't even talk about it and that's great. they don't have to talk about it. that's why i talk about it. but anwar is perhaps the largest find in the world, right? it could be. it's certainly one of them. but it's been talked about for
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years, probably one of the, maybe the largest find anywhere in the world, and we got it approved a year ago and you're working on it and it's incredible. but ronald reagan could not do it. he said that was one of his big disappointments, he could not get anwar approved. they couldn't get it through. and we got it through, we got it passed and i would say great achievement for everybody in this room and it was a great achievement actually for the two of you, the big oil guys, right. it was a big -- and i have to say, these senators and the people in this room, they love energy. not that they love it, they love the jobs it produces and they like what it represents and it gives us total independence. so it's very important. okay. any other questions? reporter: do you want russia and the sachudis further cut production? >> you have the mask on. that's great. just for a second. see the man in front of you? are you worried about her? he's not -- look.
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reporter: you described the current cuts from the saudis and russians. do you want them to further cut production? >> it could be that they further cut. i think it's going to be natural, though, really, isn't it? it's going to be natural at this point. i think i got them to cut maybe, what would you say? i would say, well, they say 10. they say 10 million. i think it's 15 million barrels. i even heard 20 million. it's going to be natural. in all fairness, texas and oklahoma and if you go to north dakota and all of our places, it's going to be natural. canada's cutting. they've got to cut. right now, i mean, they've got to cut. supply and demand is a beautiful thing. but what happened is one day, all of our demand just -- not all, 50% of our demand disappeared with this virus. they say from 40% to 50%. so you're producing and it's going good, price is good, price
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is good enough for the companies, and really good for the countries. it was really good. the consumer. and then one day, in one day, it stopped. so i guess you could always say it's somebody's fault but it happened, something happened that nobody thought would ever happen. okay. reporter: more on hydroxychloroquine. have you or secretary azar pressured or asked scientists in the administration to promote it? >> i will tell you this. i did speak with the president of honduras just a little while ago. and i didn't bring it up, he brought it up. he said they used the hydroxychloroquine and he said the results were so incredible with hydroxychloroquine. this happened an hour ago. i just spoke to him. president of honduras. and he said -- i guess we made some available to them or -- he was thanking me and i said how has the result been? he said it's been incredible.
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now, i don't know, he's not a doctor, i don't think, but he thanked me and he said the results have been very good. so you hear it both ways. i have seen all negative other than the other day, i saw some study which wasn't good. but i saw very positive coming out of france and coming out of -- but here's the president of honduras saying how good it was. i mean, i didn't even bring up the subject. he brought it up. so look, i'm not a doctor. study has to be done and maybe it helps, it's great. if it doesn't help, don't do it. it does work with, as you know, malaria, lupus, et cetera. it's a very powerful drug. and i would say this. if it works, i think everybody would be in favor of it. but check with him, call him, the president of honduras. a really nice guy. just left him, just on the phone. you know what he needed ventilators. he said can you -- i said we can
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help you. because we're going to have 110,000 made in a very short period of time. they have been making them by the thousands. mike pence went out to a factory in wisconsin just the other day, three days ago, and he came back, he could not believe how incredible the factory was. they are making thousands of ventilators every couple of months. thousands. and countries are calling us now, france, italy, we are sending to italy, france, spain. we are making thousands and thousands of very high grade ventilators. big difference between high grade and not high grade. when it comes to what those do. and we are sending them to countries as they call, as they need them, we are sending them all over the world. and when we asked the governors do you need ventilators the answer is no. in fact, new york was nice, they sent some to i think they sent them to massachusetts. yeah, please. >> just a followup on the comment from yesterday. you said you were being sarcastic but some people may
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have misunderstood you. do you want the clarify -- >> well, i think i did -- i do think this. i do think disinfectant on the hands could have a very good effect. now, doctors have to check that in the laboratory. amazing laboratory, by the way. amazing, the work they do. he's going to check. because a hard surface, this is a hard surface, i guess maybe depending on whose hand you're talking about but this is a hard surface and disinfectant, disinfectant has an unbelievable, it wipes it out. you saw it. sun and heat and humidity wipe it out. this is from tests. they have been doing these tests for a number of months. and the result, so that i said well, how do we do it inside the body or even outside the body with the hands and disinfectant i think would work. he thinks would work. but you use it when you're doing
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your hands. i guess that's one of the reasons they say wash your hands, but whether it's washing your hands or disinfect tant di your hands, it's very good. they're going to start looking at that. there is a way of, you know, if light, if sun, sun itself, that sun has a tremendous impact on it. kills like in one minute. it goes from what was it, hours to like one minute, it's dead. so i said got to go back and look. but i would like them now to look at it pertains to the human body, not just sitting on a railing or on a wall. i would like them to look as -- because maybe there's something there. i'm not a doctor. they have to work with the doctors. but maybe there is something to light and the human body and helping people that are dying. okay? reporter: just to clarify that, are you encouraging -- you are not encouraging americans -- >> no, of course not. interior wise, it was said
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sarcastically. it was put in the form of a question to a group of extraordinarily hostile people, fake news media. okay. all they had to do, you know the way it was asked. i was looking at you. you know. reporter: you were looking at dr. birx. >> what's that? reporter: you were looking at dr. birx. >> i was looking at bill, i was looking at the doctor, i was looking at some of the reporters. were you there? i don't think you were there. >>. reporter: i was there. i watched you ask her. >> i will never forget. you were there. reporter: i was not. >> you were not? reporter: no, sir. >> i didn't think you were there. reporter: mr. president, i know that you continue to say you -- >> hold it one second. any other questions from any other people? okay. thank you very much.
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neil: wow. that is a little unsettling, folks. got to clarify this. the president was not joking in his remarks yesterday when he talked about injecting people with disinfectant, nor were we imagining the incredulous looks he got from his medical team when he made the suggestion. there was nothing in those comments yesterday that hinted of the dismissal he was giving today. now, he did say that was not what he intended but that is what he said, injecting people with disinfectant for coronavirus showed some great promise. he said i think he said you're going to test that, too, and it sounds interesting. he went on to say then i see the disinfectant where it knocks it out in a minute, in one minute. is there a way we can do something like that by injection inside or almost a cleaning,
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because you see it gets in the lungs. here he's referring to the coronavirus, and it does a tremendous number on the lungs. again, referring to coronavirus. he said it would be interesting to check that so that you're going to have to use medical doctors with this but it sounds interesting to me. he is talking about injecting products like lysol into your body to see if that can combat the disease. that is what he said. now, he might be dialing that back today, i don't know why he just didn't say look, i screwed up, i got it wrong, that wasn't my intention. this is an important medical distinction. so much so that the makers of lysol came out and said no, no, no, no, no, do not inject our product into your body. secondly, he goes on to say on these findings, they are still unresolved about hydroxychloroquine and chloroquine. it was the fda, not a study in china, that said that covid-19
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outside of hospital settings or clinical trials is not to be combined with any treatments of hydroxychloroquine or chloroquine, that having it outside of these venues, there is a high risk of heart rhythm problems. i just want to clarify here, these were not some outside entities. this was the fda saying whoa, whoa, whoa, outside of these settings, there are risks. so this other study that got some worried maybe the president was trying to dismiss that, have to do with the use of this to treat, to treat those with this condition. now, the president has often said that with hydroxychloroquine and these others, what have you got to lose. well, in a v.a. study of a few hundred of our veterans, the risk is they have to lose their lives. it's a vulnerable group that
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might have had respiratory or young or hea lung or heart-related issues that caused several of them to die. this was in the v.a., not in china. these findings are from the fda, not some foreign organization. just want to be very very clear. i know it's going to invite some responses here but the president is saying something very very different than what studies are saying on hydroxychloroquine and certainly what we are learning now about whether a disinfectant can be taken internally. it can't. it's dangerous. it will kill you. don't try it. lysol, the founder and maker of it is saying do not do this. the president dialed back saying he never suggested that, that it was only done in a sort of snide way. he didn't use the term snide. but that this was not his real intent. but that is what he really said. he raised that possibility and wanted people to look into it. i stress again that it has alarmed the medical community that he said it, that he even offered it as a possibility and
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a treatment. the sun thing and debating whether that deals with the coronavirus and wipes it out in a minute or so, the medical community is divided on that. they are not divided on inserting a disinfectant into your bloodstream. want to be very very clear. all right. in the meantime, he did sign off before any of this on this $484 billion measure to goose the economy here and to help small businesses. this as a lot of states and municipalities are slowly beginning the process of reopening. that includes a lot of golf courses. that's where you will see crowds gather. i don't know how they will apply distancing rules there. jeff flock is following that very very closely. jeff? reporter: neil, i just feel compelled to say i just listened to the president, i listened to the president yesterday and i listened to you, what you just said. we are not out to get the president. what you said was spot-on. i mean, sometimes i think you are absolutely right, it would be better if sometimes he just said you know, i was just
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throwing spaghetti at the wall yesterday, i didn't mean to be serious about that and i'm sorry if i gave that impression. i think you are spot-on with that. on the subject of reopening, yeah, good news is this golf course i'm standing on here in indiana is one of most golf courses in the country that is open. bad news, of course, it's not a very good day for golf. i would point out that a dozen states in the u.s. still have not reopened their golf courses and there's some conflict about this. what's happening here in indiana at this course, reason we're here, is i think it's informative about the concept of reopening because what's happened here, indiana never closed its golf courses so golfers in illinois began to cross the border and play here and at other golf courses, not only indiana but iowa which had its courses open and missouri, which also did, and so some would say this is what could happen if you start opening and
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i'm not advocating one way or the other on this but if you start opening either parts of the country or parts of a state, what happens is people then go well, you know what, the bars are open over in cherokee county, let's go down and have a couple of beers. this of course would defeat all of what they are trying to figure out. now, having said that, i would also point out, we talked to one of the golfers out here today, it's not like these guys are saying oh, we don't care about coronavirus. we're not worried about it. they are following the cdc guidelines, they are distancing. listen to what one golfer told us about what's happening out here. >> our governor in indiana provided, he was smart enough to keep the golf courses open. unfortunately, illinois closed their golf courses. if you look at our parking lot now, it's all illinois plates except for the members, us. we are all from indiana. reporter: he also went on to say that we are sanitizing all the carts, we are walking six feet
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apart, you know, we are doing -- we're not bending down to pick up our balls out of the cup so that the flag stick gets coronavirus on it. we are being very careful. so you can look at this one of two ways. i always like what you do, neil, which is you look at it both ways and just try to be fair and say here's the facts, folks. you make up your own mind. neil? neil: your entire career has been defined by that. that's to your point as well, we are not trying to bash the president here. he said what he said. for impresentingsabsionable peo home to think there's a way to combat this by injecting a disinfectant into your body, we just have to call that out. i'm already getting some nasty e-mails on that. you should tell your family to quit e-mailing me. jeff flock, meantime, thank you very, very much. as jeff was speaking -- reporter: you want to disinfect,
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try bourbon. neil: that might be a more promising measure. thank you very very much. i don't mean to pound this point. when it comes to public safety, exaggerations and getting it just right, that's very very important to me. some of you know i might deal with a couple medical ailments so on this, i'm kind of up on things. i just want to again quote the president, what he said. i see the disinfectant that knocks it out in a minute, one minute. is there a way we could do something like that by injection inside or almost a cleaning, as you see it gets in the lungs. here he's referring about the coronavirus itself. it does a tremendous number on the lungs. so it would be interesting to check that. now, he never specified whether he was talking about lysol or any other disinfectant like that. the makers of lysol did put out a statement saying this, no, this is not a good idea, that you inject our cleaning product into your body. the president again dialing that back, i don't know why he just didn't say look, i goofed.
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lysol, the global leader in health and hygiene products, we must be clear that under no circumstance should our disinfectant products be administered into the human body through injection, ingested or any other route. this echoes something we got widespread reading from the medical community, hydroxychloroquine, whatever your views on that, whether it's a lifesaver, whether this treatment for malaria and lupus and others can be advantageous here to deal with the coronavirus, that's your call. a number of studies have been completed including one at the fda that just left it with look, people have died, we believe that right now outside of a hospital setting, or certainly a clinical study, probably not wise to be considering this. and this after we found out that a number of veterans who had treatments that included hydroxychloroquine and those that didn't had a higher death rate. people were dying on that recommendation. now, the president has said consistently that for those who are in the throes of this virus,
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what do you have to lose. if they have underlying conditions like respiratory conditions, coronary conditions, they do have a lot to lose, like their lives. they could die. that doesn't mean it couldn't be a potential panacea for others outside this subset group but i think it's very very important, folks, i don't care whether you come out on the left or right on this, conservative or liberal. this is basic science. this is something that has to be studied in detail. i know a lot of you are going to get ticked off at this but it is not a lifesaver for this. it is not the be-all and end-all and the studies that say it is pointing in that direction, i haven't found them. i know and i refer to those, too, that right now have clearly shown warnings that this is not a good idea. that final one was the food and drug administration. that's us. all right. blake burman, he kind of dismissed a lot of comments he made about disinfectant thing,
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dialed it back, said it was sort of kidding back and forth. i watched the conference. it was not that way. but it is what it is. i'm just wondering whether he can just say on this, on this, i goofed. reporter: and you got to wonder if this is a time in which you want the president of the united states to be sarcastic which was his defense today, in which you have both a pandemic in which thousands of people, tens of thousands of people within this country have died and will continue to die, unfortunately, down the line and they look to these briefings for advice from the president of the united states, for advice from the nation's top doctors, in this case dr. anthony fauci, and dr. deborah birx, and whether or not that is a point in time of which sarcasm is warranted. that was the defense from the president just a little while ago, as we were all watching this last night and it was
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something that raised our eyebrows when he talked about the possibility of a disinfectant to combat the coronavirus. one thing that should be brought up as well, the white house earlier today, the new press secretary kayleigh mcenany had put out a statement in which they essentially pointed the finger at the media for all of this. this was the statement from the press secretary. quote, president trump has repeatedly said that americans should consult with medical doctors regarding coronavirus treatment. a point that he emphasized again during yesterday's briefing. leave it to the media to irresponsibly take president trump out of context and run with negative headlines. that was the full statement from the white house earlier this morning, and now we've got the president saying no, no, no, it was sarcasm. so you've got all of these messages coming out, mixed messages, at a time in which i think a lot of us just sort of want the straight level truth and sort of the best guidance
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and guide will tlines going for which is why so many people started tuning into those briefings and so many still watch them, for that reason, for information. neil: blake, you're right, there are compelling moments but again, i always worry about possibly that say maybe i should look into this disinfectant thing, maybe even though i have a cardiac issue, i should look into the hydroxychloroquine issue. i'm only saying this, folks, believe me, i'm not marcus welby. for those of a certain age, he was a tv doctor. i'm not trying to play that on tv. i'm just trying to tell you from a lot of the medical people with whom i chat, that was a dangerous crossing the line type of signal that worried them because people could die as a result. he might have said he was being sarcastic and flippant making that disinfectant comment. i quoted directly from his full remarks. nothing was taken out of context. i'm not part of any fake news
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media or whathave you. i want to be very very clear on that. whether it cuts good or bad on the left or the right, i'm not here to carry any party's political water. i am here to just, you know, help you folks out with what's real, what progress is being made, what is the legitimate issue and what is not. that's to take nothing away from the president's health care task force and doing yeoman's work in trying to get this thing under control. but saying remarks like that really don't help the matter any. i don't mean to put my next guest on the spot. the congressman from the state of ohio joins me now. i know you support the president, everything he's been doing on this, and the steps he's taken to get this under control, but did it trouble you, the comments he has made and the medical advice he sometimes offers that can be dangerous? >> neil, my position is that we should leave the medical treatments and stuff to the medical experts. i'll just leave it there.
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neil: so when the president delves into an area like this, disinfectant, maybe you can take it internally, or follow up on the sun to health experts, that does play a potential role in mitigating this or killing the virus fairly quickly, leave it to the perexperts to say that? >> certainly. that's why he has dr. fauci and dr. birx. that's why our governor, mike dewine has dr. atkins. i think we should leave medical treatments and how people take care of their health up to those people that are trained and scientists and the doctors and nurs nurses. i think we should leave it up to them. neil: you know, again, i do not mean to put you on the spot, sir, but i have heard remarks that you have made in the past where if you have made a mistake, you just say i made a mista mistake, let me correct that. i have not heard it out of the president. you know, that doesn't mean that
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he's always screwing up. i'm not saying that. but on an issue like this, wouldn't it compel him to say what i said yesterday was wrong? what i said appears to be wrong? >> you know, the president has i think done some tremendous things, when you look at trying to get the economy reopened again and putting together a task force of folks that are going to kind of weigh in on how we reopen the economy. i happen to be on that task force. 32 members of congress, business leaders are involved in that. i think he's doing a lot of things right. in fact, most things right. so we're focused on doing the things we can actually make a difference on and you know, when we consider our state, ohio, for example, we've got a lot of businesses shuttered through no fault of their own at all. i happen to be the ranking
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member of the house small business community and small businesses are the backbone of the american economy. about half the people who work in america, work for a small business. about 70% of the new jobs in america are created by small businesses. they are shuttered all over the country right now and when we reopen them, we need to do it in a careful manner, a safe manner, and we need to rely upon the medical experts there. so that would be my advice, that when you are dealing with medical issues, you listen to the people that went to school, that trained for this, that treat the rest of us and you follow their advice. neil: congressman, thank you very, very much for joining us. i do appreciate it. in the meantime, just to clarify some things as well that many of you have also been saying, well, you know he was joking about this. i'm telling you, he wasn't. but that neil, you are conflating this with what he said about sunlight and ultraviolet light. that was a separate discussion,
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a separate answer, where we refer to the whole concept of light, quoting here, the way it kills it in one minute, referring to the virus. that's pretty powerful. he separately said these things about the disinfectant and how promising that could be, that that was a separate issue. i'm not conflating them. they were spoken of separately. i just want to be very very clear on this. i don't mean to belabor this. believe me, i'm not one to stand on a soapbox. i just worry for people's health, regardless of their political positions or whatever, that some people might take a leap on that and actually try to do something on that. the president, to his credit, was clarifying that he didn't mean anything by it, it was a sarcastic response. he is not saying what he said yesterday but he did say it yesterday and people were leaping on that yesterday, i just shudder to think how many might have acted on that. all right. let's go to larry glazer here, looking at the market through all of this. the president's comments on disinfectant and ultraviolet light and all that,
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notwithstanding, there is at least a winding down of the crisis atmosphere that we had been seeing in the markets and fears about escalating virus cases and deaths. we are already finding out that probably more important to the markets, is they are people, too. they are human beings who are concerned about their own health and the progress on this virus, you know, coming oifff its apex down from its peak, and news like that, we are getting indications that is the case, and states are beginning to reopen tentatively, carefully, cautiously, that wins out in this argument for the markets, doesn't it? >> you know, neil, it's a really great point. like never before, the financial markets are caught between hope and uncertainty. today is a great example that we have the hope of states reopening, hope of a vaccine, hope of a treatment, hope of a silver bullet maybe to make life normal again. but we have the uncertainty related to corporate america.
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we know they will cut spending, ad spending, they will tighten their belts, they will take it out on the work force. salaries will be reduced. we know credit is going to be more difficult. that uncertainty is what clouds earnings season right now. i think that's really the challenge for investors. of course we never want financial people to become medical experts but at the same time, we have financial people trying to pick the bottom and is it the bottom in oil and it illustrates the fact the world is cloudy right now. there is a sense of optimism that things are getting better but we don't have a silver bullet. it's going to be tough sledding. main street may be unrecognizable as small businesses close in record numbers when this is over. and that's probably not reflected in the major market averages that are much more concerned with the welfare of large corporations and that's just the composition of the market that we live in today. neil: the president was convinced, is still convinced we are going to have this v-shaped recovery, quoting tim cook of apple that he too shares that
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view. do you? >> well, look, we go back to the idea of hope. of course i hope we get a v-shaped recovery. the depths of this downturn looked almost depression-like for a brief moment. i will say to the fed's credit, they saved the system. there was hope over sba loans, hope of bailouts, hope we won't see widespread bankruptcies with this section of retail and maybe the energy patch. however, the lingering aftereffects are going to be with us for some time. the after, the post-recovery may be somewhat stifled. consumer spending is two-thirds of the u.s. economy. the consumer is going to have a very difficult time getting on planes, regardless of that stimulus. they will have a tough time doing the things they used to do. i think turning the keys back on, turning the lights on and getting main street back working is a step in the right direction, just like a treatment is. but we don't want to be overly optimistic. i will tell you this. we know we don't want to trade on the treatment ideas because that is a fool's errand. we need to focus on what we can
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control, look at valuation of companies, good u.s. companies will survive this. there are going to be opportunities in this uncertainty. small companies in the u.s. are trading at a significant discount to large companies. so you have to do something a little uncomfortable to make money at this juncture in the market. but i'm very optimistic, we just don't want to confuse optimism that this will pass with hope that might be misguided. neil: all right. thank you very much, my friend. larry glazer with the wall street perspective on all of that. by the way, as states do begin to reopen, there are a lot of other states that are not. that has protesters going on again across the country, places like wisconsin, we have seen them in north carolina, virginia, michigan, minnesota. so that continues unabated here. until those states are fully open, i suspect those protests won't stop. kennedy following all of that. it's a delicate balance, isn't it, the need to get back to work and also to get back safe. your thoughts?
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>> okay. here's the thing. do not put clorox in your martini, all right? maybe there's something to the idea that alcohol kills the virus within a minute. it doesn't mean you line up a bunch of shots. or maybe it does. it is friday. so neil, we have to treat this entire situation like a bunch of horny teenagers because horny teenagers are very eager to indulge their hormones and go out and do very stupid things, because they have been pent up and have natural urges. that is like everyone right now in their apartment. but we know as parents, we have to sit them down and help them make rational decisions because we can't have 14 and 15-year-olds going out indulging in bowling and golfing and doing god knows what with their pent-up energy and free time. so you got to slow your roll a little bit but it also means you can't get everyone into a nunnery. there's just not enough room or social distancing there.
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but there has to be a balance. i think your last guest was absolutely right, because people are very eager for a solution. people want to go to work, people want to spend money, people want to engage with each other as much as they can but they are also very scared that if this thing flares up again and we have more and more cases, it is going to be even more crippling and do worse long-term damage than we could fathom right now. neil: the one thing i worry about, you talk about people who might be, you know, impressionable and they hear stuff like this and say well, i'm going to try it, and i take nothing away from hydroxychloroquine and maybe the potential for down the road for a remedy to address this, but you know, i know the people who say there's always a risk for the drug, every drug that's advertised on tv, where death is among the things they say could happen, and i get that. but i think when you are looking at this as a panacea or treating it as a panacea, for a very
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vulnerable group it's one thing for someone that just tested positive for coronavirus, maybe another in the final throes of it and certainly to the president, nothing to lose at that point but for a subset of the population, that's not such a small subset with respiratory issues, cardio issues, a host of others, this could kill them. you know, i know we put out those warnings with traditional drugs. i think we've got to remind people and maybe the president, if he's going to talk about these issues, should remind people i should posit the possibility that if you have any one of these conditions, this thing could put you over the edge. but when we don't do that, we are really not helping folks out and i worry about the people who seize on it because he said something and it's, you know, the stamp of the president of the united states, means a great deal, and they just go with it. that's what worries me. >> of course. you're absolutely right.
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he talked about hydroxychloroquine and for some people, it worked and there were instances and cases where people were taken off ventilators and we were hearing very good news. the problem is studies like this take time. there's so much urgency and we are in a situation we have never been in that we're not factoring time into this grand calculation. but you have people who hear the ingredient hydroxychloroquine and granted, it's only a couple people but they went and drank fish cleaner and died. if the president is postulating maybe we can inject or ingest bleach or isopropyl alcohol, maybe that's one part people hear and it's not the vast majority of people. most people are smart enough to know that that's a really dumb idea but if the president has to come out and say well, i'm not a doctor afterwards, that's a failure. so he's got to slow down a little bit and again, we talk
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about balancing the economy, he has to balance the briefings and there has to be someone there because the looks on dr. birx's and dr. fauci's faces is priceless when the president says something really dumb. neil: scary stuff. i just wanted to relay that. thank you very much, kennedy. just to be very very clear today, no, the idea of using disinfectant and taking it internally, that was being sarcastic, of course that's a bad idea, you should never do that. he didn't say it's a bad idea and you should never do that. he just said that it was -- he thought the questioner was being sarcastic and his response was being sarcastic. i think it's important on the president to say, come out un unequivoc unequivocally and say please do not, please do not even consider ingesting some of this stuff into your system. when it comes to hydroxychloroquine, while it might have promise down the road, i'm convinced there's
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promise there, something in my gut tells me that, i should defer to the experts including my own fda who says outside of hospitals and clinical trials, not a good idea. you should look at it, examine closely the fda study that was done that shows a number of people who did take that, died taking that. they might be extremes, they might be independent cases, but they died. they died. taking that. all right. susan li with much more on a lot of fast-moving developments including these. susan? susan: yeah. "wall street journal" reports an investigative piece on amazon alleging that the online marketplace giant abused its position, also copying a lot of their independent sellers' information, then using it to make their own private label products. now, this was in the "wall street journal" and they interviewed some 20 past employees who said this was actually common practice at amazon where they looked at data from these independent sellers and then used that data to better price, better manufacture, amazon's own private label goods.
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one example that they cited was this trunk organizer, best-selling trunk organizer on amazon back in 2016 made by a small company in brooklyn, and this employee actually showed the "wall street journal" a lot of the data points and reports they went through, so amazon could develop their own bestseller by 2019, amazon developed three trunk organizers which look fairly similar to this. now, getting in contact with amazon, they tell us here at fox while we don't believe these claims are accurate, we take these galgallegations very seriy and have launched an internal investigation. amazon says this practice is illegal, first of all, goes against the company rules and there are restrictions to the type of data that employees can see. although the employees say that it's pretty easy to work around these firewalls and restrictions. now, 58% of amazon's sales come from these independent party sellers. only 1% comes from their own private labels. and amazon has had problems with this in the past. for instance, the european union last year also alleged that amazon was abusing its place as
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the leading online marketplace, launching an investigation into the possible abuse of its position being the marketplace and then also a seller of its own goods as well. but you know, that hasn't really stopped the stock so far this year. in fact, we have seen record highs in this uncertain time and that's because sales are booming with people stuck at home and what do they do, they go on amazon and actually stream on amazon prime as well. neil: it's interesting because the president also addressed the amazon situation that the post office is essentially getting hosed because it's delivering all these amazon packages and it should be charging a lot more for that service. i wonder if that's going to have any traction on the stock if it looks like this is going to be a concerted effort to do so. susan: you know, neil, actually, that's not true anymore because amazon is shipping their own goods. in fact, they will ship more goods than ups and fed ex in the future. i think the problem for the post office is that amazon isn't
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shipping their packages through them anymore. neil: very important distinction. i wanted you to say that. that is the fact. all right. susan li. i don't mean to be snippy here but the post office is losing money on amazon. amazon is handling all of that on its own with outside vendors, not the united states post office. again, i'm not here to be tacky or throw zingers out of nowhere. just on the medical issues in particular. this other stuff probably isn't too, too important in the scheme of things. just to be accurate here, he's got a great health care task force team, some of the best medical minds on the planet, and on that front, in addressing this, getting this under control, high marks are deserved for the way our country now is not only beefing up testing but also balancing very carefully how you help the economy and help keep
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neil: that will do it for us here. the dow jones industrials are up about 73 points here. we have some comeback going on, but not as much as yesterday. to charles payne right now. hey charles. charles: hey, neil, thank you very much. good afternoon. i'm charles payne. this is making money. breaking at this moment, folks, what a week it's been. now the markets giving back some of the big bounce we saw in the prior two weeks, but otherwise holding up well as investors are now shifting their focus on when this nation reopens and what the big winners will be once that happens. we have got you covered like we always do. also billionaire mark cuban shocking our viewers by calling for a flat national minimum wage. >> i think we need to raise it to $15 an hour, for the reasons you mentioned. people need a living wage. charles: reaction from liz peek on a living wage. that's coming up. also as the cor

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