5g. >> we are already working from home a lot more, the floors in chicago will close, this is only the start and this will help close businesses. we are ready to roll from home and we need the technology. cheryl: everybody's ready to roll from home to make sure the wi-fi is working. thank you very much, that is it for me at "the claman countdown" over to connell and melissa. connell: some new relief from main street today with stocks climbing throughout the day and president trump signed a new relief bill $440 billion stimulus into law and that helped us to claude close it out on a high note. i am connell mcshane. melissa: hi melissa francis, this is "after the bell", the major average closing session highs, negative for the week snapping a two-week winning spree, fox business team coverage blake burman with the latest from the white house, lauren simonetti watching the markets and edward lawrence is in washington, let's kick it off with blake.

>> while signing the phase four relief package into law this afternoon will give another $310 billion to the ppp, the small business loan program, the president suggested that more help could be on the way in the form of government purchases. he suggested the oil and airline industry could be the beneficiary of a government buying product now at low prices for future use down the line. >> we could buy oil at a great price into the future, that gives them the infusion that they need and one of the ways we can help the airlines is by taking a very large discount, 50% off or maybe more. in dubai to three or four years of tickets and you infuse them with some cash. connell: at the coronavirus task force briefing, the president talked about the possibility that a disinfectant can be used to help internally combat covid-19.

lysol came out this morning and urged that under no circumstance should our disinfectant products be ministered into the human body, the president today said the disinfectant should not be consumed and now he is making this argument. >> interior wise i said sarcastically, was put in the form of a question to a group of extraordinarily hostile people, mainly the fake news media. >> the president saying he was being sarcastic. meantime this afternoon he tweeted out within the last hour that he will never let our post office fail, that came after the president threatened to cut off the post office from any kind of bailout unless amazon or other companies increase their package prices on amazon and other companies get increased by four folds by the post office. that is what the president

wants, that is all that we had going on in washington today. back to you. melissa: now over to edward lawrence on the details of the new round of funding for small business loans. >> right now the small business administration is in the process of getting $321 billion, it goes to the office of management and budget and it takes about a day and a half to get that into their account, the labor secretary saying the payroll protection has made sure that some folks don't end up on the unemployment line, he adds the delay in getting more of this money caused people to lose their jobs, the treasury secretary adding that they will watch the big companies who got the loans return the money so it can be given to small business businesses. >> this is a program that is designed for small business and we put out clarification

yesterday that some of the bigger businesses that had taken out loans should return the money, we appreciate that they've done that, there will be a surveillance around this if they do not. >> he has given those businesses until may 7 in order to return the money and there will be no problem, nancy pelosi says it is the bank under the loan program that need to be policed. she said the big bank should act like an atm or first come first serve. she says the bigger banks are wrongly prioritizing bigger clients. >> all of a sudden in some cases it looks like they made themselves decision-makers about relationships that they had and i think that requires some close scrutiny. this should not depend on what your bank relationship is, the bank is covered, protected. >> democrats on the banking -- senate banking and senate small

business are asking the inspector general to look into some of those banks and the practices that are coming to light at this moment. the bottom line, the money is being processed, the guidance will go out over the weekend either tonight or tomorrow in the first loan can be processed through on monday of the second small business administration money. back to you. melissa: that is the important part, the bottom line, secretary mnuchin saying monday morning first thing new loans, connell over to you. connell: let's get to the market of lawrence etta many, we said at the top, we closed out on a high note,. >> big tech is the best performer, take a look at the numbers from today, a close call, we were waiting to see what amazon will close in record territory and it did. a new record close for amazon,

the nasdaq of 139 points today, the best this week, look it was a choppy session, the dow crossed up and down crossing 0100 times today, i want you to look at this chart right now and it shows you exactly when the president signed the relief bi bill, another near half trillion dollars going to relief, that is when the market had the highs and investors overlook pretty bad data, the worst -- drop in durable goods ever in addition to consumer sentiment that saw the steepest drop ever, the data was certainly ugly, rough day for boeing 50 points off the dow on reports that it could have the streamliner production because let's face it, fewer people, almost no people are flying these days, what are people doing, they're sitting at home and logging on to the devices so look at this, zoom water run since coronavirus

lockdown, facebook came out with the competition today, they launched a new future where if your facebook user you can set up a phone call with facebook and non-facebook users up to 50 people, face look investors like that, zoom certainly did not. let me show you the weekly performance, we did have rain on the screen on the final day, the nasdaq also close to turning positive for the week, it did not make it, all three major averages in the red on the week the first drop in three weeks despite the price of oil, i know the start of the week it was ugly and went negative but rallied the past three days in the end relief but oil in the overall market in the red on the week. back to you. connell: rallying. melissa: economist warning about

the damage to the economy from the shutdown, one tweeting, while the virus close its economic damage from the shutdown that's growing exponentially. very few people truly understand how deeply damaged it will be, here is the author of the tweet ryan westberry, advisor chief economist, brian your tweet, my attention because i feel like were at the turning point where people are still focused on the virus and a lot of those people are not in the business community or not the ones responsible for businesses are economic or those sort of things and they don't realize what we continue to shelter in place we are doing very deep damage. give me some more background on your outlook. >> exactly, thank you, it was great to be with you, the pointer may tweet and actually my thinking and talking with a lot of financial advisors and investors is that when you shutdown the economy it is the private sector that funds government but even more so

there are supply chains in the system, a lot of people wonder why we ran out of toilet paper, the reason is people are not going to restaurants and hotels and office buildings anymore and that's a different supply chain than the one that goes to the grocery stores. so when were all staying at home, we need more toilet paper because we don't use any at the office so the bottom line there's a shortage, we are euthanizing chickens today and it is because they delivered eggs to restaurants and at the same time states, municipalities are running out of money, illinois where i live, we are broke already and wait until you see the damage that this does to pensions. every day the private sector stays closed, supply chains are damage, businesses go bankrupt and they're gone forever in statesmanship on terminus apologies get into worse

trouble. it is like the private sector, it's a businesses that paper everything in our economy. and when you do not let them open, the problem spread and spread and spread. melissa: what can we do about at this point, one of my thoughts, we get prepared to go back out, have a target date if you cgm saying to get a couple people back to turn things back on to get it moving, at least like you said to get the blood flowing back to the system. >> right, that is a perfect way to talk about it, i like the physical analogies, i talked about it like after three, if you have a pinched nerve and you're not getting a muscle, the electricity that it needs for you if you have to lay in bed with a serious illness you atrophy in your muscles and you need to have physical therapy

and that -- every day that we stay closed, the more physical therapy we need on the other side, after the 2008 financial crisis, i believe we will have a v-shaped recovery, this time i think we will have more -- you is not the perfect letter but everybody understands it will be more drawn out, we will have to bring bankrupt businesses back, we will have to bring some restaurants -- some said i give up. it will take time to come back, it will not be a. melissa: there's an irony in the system and tell me if you agree with this thinking. if you did not have a restaurant but went out to start work, next week would be the best time to start one because you would get the best deal on an empty space, you would have people coming

right back because they're desperate to go in somewhere but if you have the legacy business that has all the debt were not ego two months back rent, all these kinds of things, you're really in trouble, same with the portfolio if you're managing money, your way down so much pain but if it was your first day to get out and buy it is nothing but upward momentum from there. how can people take advantage of that, obviously we all have our hangover businesses in portfolios and investments and all that kind of stuff but you want to be the new person that gets to leap out and take advantage. >> exactly. i've lost count of the billions of dollars but i've been watching the news and hedge funds in some major investment banks have been raising distressed debt portfolio. they are ready to go so i think part of that is we will see some

of the money flow quickly but it still takes time and it's a perfect way to think about this. the other thing, this is kind of a weird thing to say but in the fracking and oil world, oil prices have come down so far but if we rescue the highly indented trackers, that means that the cash rich companies cannot go when and by them at a lower cost. and if you can buy a lease or rigs or equipment for fracking at pennies on the dollar, you would be able to lower the cost of bringing oil out of the ground. but if we rescue all of them there were actually not letting the market work and that's another big problem with the

shutdown we are taking away people's business in the fifth amendment says if you take something you have to give them compensation so what were doing, were burdening their children and grandchildren and were not benefiting from the lower cost of oil. i hope that made sense that's a complicated argument. melissa: it's what recessions are for, it's supposed to bring the waist down and forgive back to a lower level, that is incredibly painful, thank you, come back soon. i appreciate your thought. connell: we are looking at the virus by the numbers as well and we have more than 2.7 million cases confirmed of covid-19 worldwide, about 880,000 are in the u.s. and we also passed 50000 deaths in the u.s. today, in the meantime 83 vaccines are currently being developed around the world, the health

professionals working around the clock to try to fight the outbreak, we have the very latest as we continue throughout the hour, some states are indeed starting to loosen restrictions and reopen many businesses, a major player in george's restaurant scene is planning to keep its doors closed, we will get his take on that coming up next ♪ ♪ the newday va streamline refi is the reason why. it lets you shortcut the loan process and refinance with no income verification, no appraisal, and no out of pocket costs. one call can save you $2000 every year. call my team at newday usa right now. sprinting past every leak in our softest, smoothest fabric. she's confident, protected, her strength respected.

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connell: local business owners taking their own stance, you might've heard the state of georgia opening businesses, gyms, hair salons, we have photos to show you from a nail salon that opened up earlier in the day and you can see the plexiglas partitions that are set up so people are making adjustments wearing masks and what have you. officials warn all of this may happen too soon, the president has said and it said the restaurant owner in the state of your job people may recognize you from a bunch of tv shows, you have made the decision, i think monday was a day for restaurant dining that you can open up in georgia that you will not be doing so, tell us what you're thinking was.

>> i think it's a number of things but first and foremost the business program and the idea of opening up to probably very few diners having to get rid of the seat does not seemed like economic by itself, is it really there, secondly all the businesses that the governor has asked to reopen today and our monday are really a lot of economically vulnerable people. if an owner was managing them to get back to work, that can be really insane 1% of the population. let me think both of those issues, it is a financial show, let me take the first and then we'll get back to your employees and whether they be bondable, have you done the math on people

saying you for load a number of people when you close your restaurant, if you had to bring them back, start paying people again and they had restrictions like you can have more than ten patrons per 500 square feet because you don't think you're making money, have you done calculations like that. >> it would cut our ability, our normal taken half and just to clarify, my two restaurants that i own both of which got successful ppp loans and actually everyone is on my payroll, 80% are working at home and 20% are doing emergency meal service at the restaurant. connell: that cannot be sustained forever, once a ppp loan money alisa forgiven money runs out at the end of june, are you in a tough spot otherwise those people could really be in a tough financial position that are already at the bottom or potentially economically being helped now and you feel more

pressure to come back and open up. >> i'm definitely not a glass half empty, i think the response of the pandemic overall is looking pretty good, again i am a chef, i'm not a scientist but i believe in the science behind this and i think that we will get a handle on this, there will come a time where we can safely go back to work and reopen a restaurant, i am hoping it is may 15, i think for the sanctity of what we do in the safety of our customers, employees, my family and myself, we need to all have really good manifestoes of what are the new practices. they all need to spelled out really effectively and that is individual to each restaurant, how are you doing in contact with social distancing with customers at this point in fine dining which is a little difficult to surmise and were

working on . >> were trying to make the economics of that work. >> do you have a metric before we let you go, what are two that you say once you get this and this all come back on a limited basis in restaurant dining. >> i think as long as the testing cases start to fall in the number of new coping patients really start to fall in georgia which we should see in the next few weeks everybody's saying rural america is much better off but we have rural counties in georgia up in north georgia that are really going through some hard times so i don't think to swing the doors open wide, it is not me and all my employees, of trust with the drinkers were monitoring them but it's influx of customers coming in, we don't know where they have been yet, i want to serve them, we do hospitality but we need to more nourish our community and get a good plan on

reopening. connell: we will check back, it's interesting to get the different takes because it's a decision that you have to make, we had a hair salon opening and now you say you see it differently, will check back in a few weeks to see if you see it differently. thank you for coming on today from the state of georgia which a lot of people are watching really closely. melissa: one state reopening with a twist, were in dallas has retail stores across the state are operating on the ghost service, that is next. ♪ heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward.

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thats where i feel normal. having an annuity tells me my retirement is protected. protected lifetime income from an annuity can help your retirement plan ride out turbulent times. learn more at protectedincome.org. melissa: getting back up and running, texas kicking off the reopening process fox news casey siegel is in dallas with the latest. >> a lot of excited and anxious

small business owners out here for sure. i'm going to hop out of the way and that you take a look of the busy boulevard just near downtown dallas that is lined with small business, shop, restaurant, coffee shops, you name it, most of them are still closed as salons and dining restaurants in the like remain closed for all of texas for now but what is open today is what governor abbott is calling retail on the go which means stores can make transactions on the phone and then people pay over the phone then they pull up in front of one of the shops and someone literally comes out and delivers whatever it is that they are buying in the trump or they put in the back seat to make sure there is minimum amounts of contact, there's also a lot of people here today, there's a lot more foot traffic

with today, some of the restrictions being lifted, people are wanting to stretch their legs and get out of the house so people have walked through and we see a fair amount of cars pulling up and taken advantage of the retail on the go, people cannot go in for example and try on" and things like that, not just yet which is why every other business or so on this block is still closed even with the restrictions being lifted today, it is really a tale of how two cities -- two states i should say because the restrictions were lifted up in texas, meantime to our north up in oklahoma a lot more restrictions were lifted including what some have called the intimate type of services like spot appointments, barbershops, nail salons, things like that, they are open today but by appointment only, that is still not happening here in texas, the governor greg abbott saying on monday he plans to

make formal announcements of the strike forces next plan in terms of moving into the next phase of lifting restrictions as texans and people all around the country are trying to get back to work and get out of the economical. melissa: thank you so much. connell: in one of the protest that we've seen so far, thousands today speaking out against the extended stay home order in the state of wisconsin. we will take you there live after the state capital to look at where things stand and where things went. plus the task force is set to brief us in a few minutes from now, half hour or so from the white house, they will bring you the latest from their so we will take you to the white house for any breaking developments is our and then a baby-boom, for fish, nationwide shutdown, clec aquarium says they welcomed hundreds of new sea creatures

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melissa: thousands of wisconsin residents are protesting the stay home order which was

extended through may and matt is in madison with the story. >> it was a large loud protest outside of the capital building in madison wisconsin starting to die down now. protesters we talk to say they are frustrated for all chain stores made open, locally owned businesses are closed or suffering, both the speaker at the mic and protesters also say they have a common sense to hold safe religious services and they feel their freedom to worship is being infringed upon. >> surgically addressing the problem with intelligence, data and not emotion, that's a governor is doing, he's bringing emotion and politics into this one-size-fits-all. >> i am here because i'm doing what is right for my fellow citizens, i've never been a donald trump supporter, i'm not

a republican or democrat, i'm just american, that is why i am here. >> these protesters reading health concerns because protesters are not socially distant or wearing masks which is the case today although a short while ago the crowd cheered people in masks saying it's their choice to wear when whether or not they want to. back to you melissa. melissa: thank you. connell: let's go to dave daniels, the vice president of the wisconsin, we got to know him when we got our show in the state late last year and before he ask you about your business which is why you're on, let me ask you about what you just saw and/or heard the protesters going on in the state of how to reopen when to reopen, how long to stay home, what is your take on the. >> i think the people that are doing this are trying to state

their rights of having the discussion of whether or not they can open up the small businesses earlier, i'm not sure how this will work out, i know the governor is relying on his health officials to give him the advice that he needs on whether or not to start businesses opening up but at this point he asked chose to hold off till the may 27 at this point. connell: are you anxious yourself to get the state up and running and get your own business up and running, i know it's been a tough time for farmers. >> it has been because we found out that we rely on food service in the restaurant industry quite a bit. our processor that makes cheese a substantial amount of their business goes to those restaurants and food service

items that they package so it was hard when we had the big influx of people buying things from supermarkets and stuff there was some things that were put on hold for purchases because they do not have enough of the product and it fell to those people that need it. connell: some of this will come down to timing, how long you can hold out in your business versus how long it takes for a state like wisconsin to meet the guidelines that the federal government has recommended, they say we want the new cases to go down for first 14 straight days but you have tapped into a loan that is running out at the end of june have you thought about that, how long you can last and is there a date that you said i have to be back to work by then or i'm in big trouble.

>> we did take advantage of risk management pools that were available to dairy farmers but i do have a good relationship with my banker because the last three or four years have not been real easy for us to dairy farm in wisconsin or in the united states. so we've had a good relationship and i'm always thinking about what has to be done in the future and to keep our business going, we do have those challenges out there that were trying to look through in the short-term. connell: timing wise, do you think early summer? >> i think it is up in the air because once they do open up the restaurant and the food services and businesses it will take ti time, there will be a great percentage of people that are going to be afraid to go out and

there will be some people that are saying we will take time and will see how everything goes, will that made neighbor do it instead of me. i still think we are not out of the woods yet and i'm hoping the summertime will bring some relief and we can get the virus to decrease itself. it will be a wait-and-see. connell: we wish you nothing but the best, we think it might be a prolonged recovery, a u-shaped recovery but you're speaking from your own experience on the ground in wisconsin, it was great to meet you when we were out there will check on you again. melissa: restoring a relic of the past, how social distancing is reviving from moviegoers in the faith alternatives to catchy new films plus in just a few minutes and coronavirus task

force set to give an update on the pandemic, we will take you life to the white house breathing under briefing as soon as it begins we've seen you go through tough times and every time, you've shown us, you're much tougher your heart, courage and commitment has always inspired us and now it's no different so, we're here with financial strength, stability and experience you can depend on and the online tools you need because you have always set the highest standard and reaching that standard is what we're made for ♪

connell: the drive-in movie theaters i think we all assume they were done, then in the past, now they're making a comeback, the silver screen providing families with an escape and fill his life in

florida with more on all of this. >> can you believe it is been six weeks since anyone could go into a movie theater and watch a film on the big screen, hollywood feels the whole societal global shutdown will end up costing the film industry $21 billion. but the big screen is not totally dead right now just yet, around the country there are a handful of theaters that are open and they're all nostalgic drive-ins, where families get returned to fund, more portly they get out of the house for a few hours, florida's drive-in which opened in 1948 is only one in the state doing business right now and it's selling out every friday and saturday night in social distancing is maintained by reducing the number of vehicles inside and keeping them spaced apart 14 feet. >> right now this is one thing that people can do without

worrying about getting infected or anything like that and they can still get away from the house and they have just a little break from the stress of being locked in. >> the concessions are open as well with popcorn, candy, soda while employees inside wear masks and gloves, they even deliver your snacks to your car and truck to keep the crowds at bay, they show double features every night, lots of family movies which make up 90% of the limited crowd. >> i decided to bring the family and have fun, we used to call this the picture show but i think it's really cool and it definitely fits for this time in error now with social distanci distancing. >> matt damon is trapped in ireland, he was over there and he was doing a film but because of the whole global shutdown of film production projects he has been unable to leave and fly

back home. when will ford open its theaters, the task force of the governor that has been talking about opening things up all week possibly we will find out some news about that next. connell: i wouldn't mind being trapped in ireland. we had a drive-in in high school, to save a few bucks you get the friend who is the shortest and throw him in the trump and then they would not charge you, that was the secret to the whole situation. >> from what i remember there was teenage shenanigans going on before the film. connell: yeah, there probably was. phil keating in florida, making a comeback. melissa: as the country looks to reopen and businesses work to adapt, where do we go from here, here is steve moore of freedom works economist and a member of president trump's economic revival group, we have the ppp

on its way to being done, more coming out on the on monday, what do we have to do now. >> what we should do melissa or what we will do, those are totally different. melissa: what should we do. >> what we should do is stop the spending, the spending is not working, there's so many problems of the programs, the ppp is a huge amount of money going to the businesses that don't need them and we made a huge mistake turning that into a grant program, we did not fix that, it's frustrating but the program was not fixed with the latest round of relief, you know what is happening with the unemployment insurance, were getting to the stage where this will inhibit a recovery because repaying so much money to people to stay on employee, you have to get the economy open and you have to get society opened as quickly as possible because this as if thousands of thousands of businesses are failing forever

every day that the economy and society shutdown and that means if you keep that up much longer, i live in virginia where the governor is not the smartest governor in the world, he saying keep the economy shut down in the middle of june, you will destroy half of the businesses of virginia, we added a payroll tax suspension and trump is right about this to give incentives to people to hire more employees and for workers to work more, for every worker, even the minimum wage, 7.5% pay increase, who can be against that. melissa: i guess the people who like to collect the taxes and redistribute them to the people they want to give them two.two's against it, that is something that you can do instantly, we try to empower people, if you look outside when people get back out there, they will want to do stuff. it is a time to play in your business, think about what you're going to do, we have mark

cuban on the network yesterday who had a ton of great ideas about things that we can be doing to plan when things get reopened and back out there, but we need to get the customers back out in the street, are weakening closer to that. >> that could be the hardest thing because it is one thing for governors to open up their economy, it's another to get people to go out because i have relatives that probably will go out for another month or two, there's so afraid but i think some of the red states open up and we start to see commerce flowing again it will be a long slow process, it will put more pressure on the blue states like new york, new jersey, my home state of illinois, why are you shut down when these other areas are starting to get up and grow, you are right, we have to convince the american people that it's safe to go out, well do you social distancing, masks, maybe taking people's temperature before they go into a restaurant or a bar, all those

things but we have to start soon because my analysis shows that there is a big difference in terms of how long this recession is going to last, if you open the economy on a gradual basis may 1, you get a much budged better and swifter recovery then you go to june 1 or june 15, if you go to first through june 15 you can read at 2020, were done will be in a severe recession for a year. melissa: you talk about a gradual opening then you talk about relatives that won't go out right away. my myself will run out the front door instantly. >> you and i are i like. melissa: if you say people can go out it will be a gradual opening because not everyone will go at once. it will naturally happen that way anyway, last word to you. >> you got it exactly right, the other problem, i think a lot of americans think we will wait

another month and then will be safe to go out and everything will be safe i was before, no, we will see those jobs and businesses have been destroy permanently and it will be a real building process, the summer is going to be brutal, i do think by the end of summer, early fall we can finally start to see the be shape and start to see a nice recovery. melissa: we have to get started. thank you. connell: one of the things that we are starting to see in some states is people playing golf and are hitting the course but they're doing that when new restrictions which we will talk about coming up next. then the task force briefing will start within the hour, the president tweeted it will be 5:30 p.m. eastern today so we'll get to the briefing room, we'll be right back. record lows. ave droppo newday usa makes it so easy to refinance

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♪ ♪ melissa: on pause no more, golf courses in a number of states

are reopening with a few changes in the age of social distancing. jeff flock is at a club in indiana with more on this. >> reporter: well, they're still playing, melissa, if you take a look over my shoulder. this is st. john, indiana. people are socially distanced. that couple there, i think, in the same household, so they're not quite as distanced. the other thing, you look at those cars over there, we're in indiana, but almost all of those cars is have an illinois license plate. why? because illinois is still shut down. take a look at this map. illinois is opening not til next week in terms of golf courses. other states will remain shut down for a while, so sometimes people go over the border so that they can play there. michigan, by the way, just -- governor just signed a new order to open there, and wisconsin opened today golf courses as well. ceo of one of the course groups in illinois saying this is the ideal sport for social distancing.

you've essentially got, and i quote him, 70 people spread over 200 acres. it's safer than going for a walk or a run. we talked to one with of those folks today who, well, he says, yeah, i'm happy to socially distance. it's not a problem. in fact, there's some side benefits too. the listen. >> this is a perfect sport for people to stay away from each other and get fresh air. >> reporter: get fresh air. i think the president said something about sun light that. 's a good thing. it's a good thing in journalism, sunlight, and golf courses and coronavirus and all that sort of thing. melissa? [laughter] melissa: jeff flock, thank you so much. i gotta say, i'm pretty jealous. it looks good in our new social distancing, anti-social world where if you want to go outside, you have to stay as far away from other human beings as possible, why not? good job. the coronavirus task force coming up in just a short time. no, connell? you're pretty antisocial.

[laughter] connell: i am most antisocial, you're right. melissa: all right. we're looking at the white house there, they're getting ready for that task force briefing. we will bring it to you live. "lou dobbs tonight" starts now. ♪ ♪ lou: good evening, everyone. protests flaring up across the country today as some states begin to partially reopen during the wuhan virus pandemic. the number of demonstrations against stay-at-home lockdowns is rising. hundreds of demonstrators descended on the wisconsin state capitol in madison after the governor there extended restrictions until the end of next month. in michigan the republican-led state legislate eture taking up the possibility of launching a committee to review democrat governor gretchen whitmer's response to the wuhan virus and possibly