tv Cavuto Coast to Coast FOX Business May 5, 2020 12:00pm-2:00pm EDT
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facebook at 210, up nearly five bucks a share. microsoft on the upside to the tune of nearly 2% and google is up over 3%. big tech yet again leading the overall market sharply higher, green across the board. neil, it's yours. neil: the favorite part of the show for me though was you looking at all of those cars and finding a good buy there. that crystallized the whole moment for me. stuart: that's me. neil: have at it, stu. go one at a time. no, no. thank you very much, my friend. stuart's right, this is catching a lot of people's attention, talk about cars, auto industry, air industry, transportation stocks, technology and financial issues it has been quite a browbeating for a lot of these issues but today a comeback, largely built on the notion that states are rolling out, getting rid of some of these provisions bit by bit, very strategically.
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there have not been big problems to note thus far. we do not know about cases whether we'll see a spike in cases. it is inevitable we probably will. they just want to keep that relatively contained. welcome, i'm neil cavuto. you're watching coast to coast. we're on top of the president en route to phoenix, arizona, visiting a honwell facility that has been retrofitted for respirator masks and the like. blake burman on what we can expect to hear from the president later today. hey, blake. reporter: hi, there, neil. as a lot of these states start to open there is a lot of focus on the different models out there what they project. by and large the white house is standing by the imhe model coming out of the university of washington. it is new projections over the next few months between now and august 1st, there could be by that time some 134,000 covid-19 related deaths. however when you look at the model it is showing that the
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daily number of deaths will be decreasing over that time as well. the reason i bring that up, neil. that is a much different picture than a draft model from the cdc and fema that has made its way out to the public which one scenario predicts there could be 3,000 deaths per day by june 1st. there is a lot of pushback over at the white house, specifically even today from the president on this. we actually just got a statement from johns hopkins who is behind that model saying it was scenario planning and not forecasts. the press secretary within minutes ago has put out a statement saying it is not representative of federal government projections. president trump was asked about that model as he left the white house a little while ago and he highlighted that it does not account for mitigation efforts. listen. >> the report, that is a report with no mitigation. so based on no mitigation but we're doing a lot of mitigation. frankly when the people report back, they're going to be social distancing and they're going to be washing their hands and
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they're going to be doing things that you're supposed to do. we won't be going into stadiums full bore yet. reporter: president trump is now en route as you said to arizona where he will visit a honwell facility that is now making n95 masks. the president says while everyone around him has been tested for covid-19, there is a possibility that he will wear a mask while in that factory. >> well i haven't decided because i don't know if it is a masked environment, i would certainly do that. i will know when i get there. if it is a masked environment, i would have no problem. i'm supposed to make a speech, you tell me, should i leave the mask on when i'm speaking, i don't know. it doesn't sound right f it is a masked environment i will certainly wear it. reporter: neil, this became an issue last week when the vice president mike pence made couple different trips. the first one to the mayo clinic, a masked facility
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where everyone was wearing a mask and the vice president was not. then his follow-up trip into couple days later the vice president chose to wear a mask. in the fox news town hall earlier this week, the vice president acknowledged it was a mistake initially not to wear that mask. so now as we see, the president departing the white house for the first time in several weeks it will be interesting to see what he decides to do when he gets inside of that honwell facility. neil? neil: all right. i have had viewers tell me i should wear a mask, one that covers the entire head while i do the broadcast so there is that. we'll see what happens, my friend. blake burman in washington, d.c. we'll watch the president under and over on the mask thing. let's go to grady trimble on the meat in short supply thing. in fact such short supply that a lot of grocery stores across the country are rationing it out. donald trump following it all from chicago. hey, grady. reporter: neil, costco is one of
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those grocery store chains. you can buy just about everything in bulk at these stores except for meat. they're limiting to a few packs per customer per visit because of potential shortage of meat. kroger owns stores, some are doing the same thing. we went to a payless store in indiana yesterday. we noticed stores limiting you to two and three packets of beef and pork products at those locations. farmers say we have plenty of hogs, plenty of cattle. obviously people at grocery stores are buying plenty of products but there is a bottleneck at processing plants. we're talking about this for several weeks. several processing plants having to close. the cdc says about the 3% of processing plant employees contracted coronavirus. that is nearly 5000 of them and that's forced all of these chains to deal with a potential shortage and have to ration their meat. food lion another one of them. they tell us in a statement the availability of some products is
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impact nationally such as paper products and fresh meat items because of conditions beyond our control. those conditions of course referring to those processing plants and states with processing plants like south dakota, for example, trying to do everything they can to keep them open or to reopen them. listen. >> the state has stepped up and provided personal protective equipment. the federal government helped us, making sure we have the testing capability to aggressively to go after any kind of hot spots we might see in the future and so we believe we're prepared. reporter: and it is not just grocery stores dealing with shortages right now. wendy's is too. some customers pulling up to the drive-through and wondering where's the beef? there are some of those locations without hamburgers right now. back to grocery stores, one thing to add, a lot of grocery stores have different suppliers. if you go to one grocery store,
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can't find the meat product you're looking for you might be able to go right down the road to a different grocery store finding what you need there. a lot of people hoping this doesn't turn into another toilet paper issue. neil? neil: could you imagine? all right. thank you very much, grady trimble. a lot of meat processing plants are trying to honor of the order of the president to stay open but tyson a host of others say next to impossible. a lot of those workers are very anxious for their own health. richard trumka, president of afl-cio. richard good to have you back with us. a lot of workers saying in the push to get back to business we're giving short-shrift to their health. is that a worry that you have? >> it is. it is a worry for every worker out there, neil, especially the essential workers. they have been working without personal protective equipment for a long time. the colleagues say if we don't have it, we come back to work we
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won't have it. what we need, we need a temporary emergency standard for contagious diseases immediately. we need to have a massive increase of protective equipment and we need to have a massive increase in testing so that we can test, record, trace, track, and isolate workers in those factories so that we can keep them going. neil: now there is a lot of meatpackers what have you are not part of your union i understand that, but is there a sense that they have got to go back even though it's voluntary whether, if they feel uncomfortable they don't have to, but then again they don't get paid, do they? it is a dilemma. >> we're hoping that the choirs choirs -- cares two act takes care of more of the workers. there is 25% of the pork slaughtering capacity is down right now and 10% of the beef slaughtering capacity that's down. i sort of disagree with the
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figure of your previous guest who said about 5000 workers are affected. our figures show that about 35,000 workers are affected in the industry and workers, more workers if they're not given protective equipment, they won't go back to works, they won't come back to work. we want to go back to work and everybody will get there it will require a standard, require personal protective equipment and it will require some real good testing, everyday testing so that we can actually record and track and then isolate workers who have it so the entire population doesn't get affected. neil: do you worry, i'm sure we'll adjust, make allowances try to help out as much -- i hope we do that, i suspect we will but that if you spread people out, put plexiglass between working sites, whether it's a meatpacking factory or warehouse or a factory floor, on the factory floor, the more you spread them out the fewer
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workers you need? are you worried that it is going to dwindle potentially your ranks? >> i don't think it will dwindle them. i think social distancing is an absolute essential until we get through the entire process. what we tried to do -- neil: what if that takes a long time, what if that takes a long time, richard? >> it does take a long time. that is it why you need the personal protective equipment and social distancing. those can be done immediately. so can testing, so immediately upon a positive test you can isolate that person from the workforce and it doesn't have a pandemic effect across the factory or across the whole factory floor. neil: how do you think the president is handling this crisis and how do you think a joe biden would handle it by comparison? >> you know, i think the president was slow to act. i think he was more concerned about trying to keep the economy up than he was talking about workers, when he indicated everybody ought to go back to work, he never even talked about
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the worker aspect, protecting workers. look osha is the agency that is supposed to protect workers and they're not even on his task force. so it is like workers are an afterthought, and that's sad because we probably gotten more people infected and more people killed than we needed to. it is going to take longer to get back to work because of that process. i wish we had done it more quickly. i wish he would have agreed with us to put a standard out. i think that what needs to be done. i think that joe biden would listen to workers because that is the first way to get people back to work. listen to workers and they will tell you what they need to feel safe and protected. give them that and they will get the job done. neil: to be fair though, richard, the president, but to be fair the president did have to balance that and health and jobs, from the position you're in and i can see where you're coming from, would it be any,
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any different in the scheme of things now balancing the economic needs of the country, getting people back to work and their safety? it is a tough balance what do you think? >> no, neil. it isn't a tough balance. the, first thing you do you protect workers health and safety. they're not sacrificial. they're not expendable. workers need to be protected. if we do that we can get the economy back. one begets the other. if you aren't good to workers, if you don't protect them, the economy will get hurt longer. look where we're at right now. consumer spending was down 7.5% in march. our economy is driven by consumer spending,2%. those workers need to get back on the job, but if you don't protect their health and safety, one, they won't go back on the job, and two, it will create a second surge where they can't go back on the job. so protecting a workers health and safety is number one thing
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that you do, if you want to protect the economy. neil: so all these measures that have been made to make, let's say the meat processing plants we started in on, you know, safer, a little bit more distancing, plexiglass, between the workers, you don't think that is enough or having facemasks on hand, gloves on hand, providing for their needs, shorter work day, to accommodate the stress? what more could you do? >> i think all of those are very, very important and essential but we need more personal protective equipment because there is still a shortage. we need more testing, neil. we need to test on a daily basis so when workers come in to work, if one person has it, they can spread it to dozens and so we need to isolate that person and trace back who that person came in contact with. only testing will do that. it is getting better but we need more. we need more testing. you talk to every ceo out there
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that i have come in contact with, i have talked to, the first thing they say is, we need more testing. the second thing they say is, we need personal protective equipment and they're working on that. it is unfortunate that there are people right now that are trying to gouge and trying to use this pandemic to rape people literally on the price of what they're charging for some of these items. and that's a sad thing because you would think that all americans are in this together and would all want to help one another but the profit motive has driven some people to be out right greedy. neil: finally, last time we chatted, you said you're not going to weigh in on the presidential election. i am just wondering though you sound much more aligned to joe biden but i could be wrong, but dot tara reade allegations weigh on that? what do you think of the way the vice president has handled those charges? >> which allegations, neil, i
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didn't hear you, i'm sorry? the. neil: the tara reade allegations that he assaulted her decades ago? >> well, let's just take that one issue. if i were balancing that you are one issue, and one issue alone, president trump has 25 of those allegations and joe biden has one. if i were just balancing though it would tip in the scale in that way. i think it is a tough issue for anybody to handle, because there is two interests have to be taken care of. a woman's interests, if she is being legitimate and honest, should be honored. but every, every accusation has to be treated in a credible way, because you don't know which ones are and which ones are aren't. you have to assume that the person is being honest about it. so you have to balance those two. that is where the balancing act is, the due process, the one, and the due process to the other.
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hopefully we can come to a fair, balance between the two, where both interests gets taken care of, because look, women's rights have been suppressed for far too long. this, these things have been happen negotiate work places unfortunately for years and women either couldn't or afraid to come forward or if they did, they would end up fired and without a job. so finally at least, stuff coming to the forefront, we get a chance to talk about it, make it better so that women don't have to put up with that type of a treatment in any worksite. i don't care whose worksite it is, they shouldn't have to put up with that in any worksite. neil: richard trumka, very good catching up with you, be well, be safe, be healthy. >> hope you and your family are safe as well. take care, buddy. neil: thank you very, very much, the richard trumka, the man who runs the afl-cio afl-cio. by the way we're looking at some of the social distancing
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♪. neil: you know it is not just gilead sciences. a whole host of drug companies are working treatments, vaccines, more than 100 globally year-to-date. jackie deangelis following all of this very, very closely. reporter: good afternoon to you, neil. what is so interesting here we're seeing a theme emerge not just with the pfizer story but with other areas of technology as well where you see rivals working together to combat the coronavirus. they're pooling resources, they're sharing their knowledge to defeat the virus and it is really remarkable. now one example of this is pfizer, a german company beyond tech. they're working together on a vaccine. the latest here, the announcement was made four versions of this vaccine are apparent right now. they will be trying them in
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human beings to see which one emerges as the leader to fight the virus in the best way possible. once pfizer can do that, it can advance to the next stages of this and keep green-lighting, fast tracking the vaccine forward. the results are expected as early as next month. it will be a really positive step because if what they're saying is true and we will see a seasonal slowdown with the nicer weather, you have some time in between there to kind of play catchup toif we get to the fall surge a lot of people are predict. two massive competitors you never expect in the same sentence in this way, they're teaming up to call contact tracing. you might have heard about this. we were talking about it for a while, but we believe it could slow the spread of the virus. the latest from the two companies this virus contact app they're working on it is not going to use location tracking, privacy concerns about that neil. rather than using gps the app
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will use with bluetooth the only problem it will drain the battery on your phone, it will turn off. if you don't manually put it back on there will be pivotal periods where vital data is potentially missing, right? it won't really accomplish the objective but having said that watching these competitors coming together in this way is very fascinating and you wonder after the pandemic passes us buy will they continue to work on projects like this together? could there be new tech partnerships? time will tell but something interesting to see for sure. neil: jackie, thank you very much, jackie deangelis. you probably heard the fuss over frontier airlines that wants to charge you $39 if you want to sit next to an empty seat, largely a middle seat. i will be speaking later on to the chairman of frontier on "your world," 4:00 p.m. eastern time but in the meantime, that is on fox news. the fallout from all of this
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whether this is just a continuation of our how airlines nickel and dime you to death. the caveat is the fares start pretty cheap. $39, even with this, we'll explore it again with the ceo, you're still saving a bundle. that is frontier's argument. jonathan hoenig, kind of agrees with frontier on this i think that is right? >> neil this, idea this is once again airlines nickel, diming you, come on! as we speak the airline index of stocks, it is on pace to have a new closing low for the year, for multiyears. it is suffering here even as rest of the market rebound. it is not surprising why, neil. look this coronavirus changed everything and certainly changed everything for the airline industry. so what you're seeing here to the extent that the airline industry is free, creative companies like frontier coming up with ways to serve their customers and hopefully stay in business. i don't know, for me, neil, $39 for an empty middle seat that is
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bigger than a first class seat. not only provides perhaps some modicum of safety, more than anything some comfort, some peace of mind at a time a lot of people are very understandably freaked out about flying at all. neil: i hear where you're coming from, but let's face it jonathan, you were for the excess fees and overhead compartment fees long before they were hurting, right? >> well, i am not for fees, neil. i'm for competition. that is what you -- neil: you're pro, what i'm saying you're pro nickel and dialing is what i'm saying, you're pro nickel and diming? >> the companies have to find a way to make a profit and survive, neil this is one of the efforts. they're requiring facemasks. they're spraying, fumigating the planes. they're trying to serve the customers, neil. neil: i got you. >> this is regulated industry.
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people will be up in arms about some of these reasonable fees as dick durbin said not too long ago, we need a passenger bill of rights, as government could potentially own a piece of airlines. that is disasterous, dangerous road to go on. care lines are trying to stay in business, they will know -- [inaudible]. neil: so, how would you handle it, jonathan? you, you would pay for that middle seat but the other guy who is not on the aisle, let's say you're on the aisle, has window seat, he wants to put his junk on the middle seat, you say, no, no, this is my seat? who has rights? >> i'm a type one diabetic, i'm not traveling anytime soon. i'm taking responsibility for myself, avoiding all types of dangerous situations but the airlines will come up with this, if someone is violating the rules. i don't think anyone travelings, neil, especially now is looking for a problem. the country is solely but surely
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getting back up on its feet. going up in a tall skyscraper after 9/11. had a lot of fear, trepidation about it. this industry is getting back on its feet, i get it, jonathan. no, jonathan, if you paid for that seat and that dude tries to put stuff on that seat that you paid for, you better stake your ground, or, or, what would you do if you had a carry-on bag they charge you for that, you know what, i'm putting it on the middle seat, what do you think of that? >> neil, i don't stake my ground if it is not my ground. if someone violating seat policy, i would alert the flight attendant. they're all wearing masks but they are empowered, to keep the environment safe, keep it friendly for all especially now. look there are always jerks on airlines. we've seen that for years. we hope especially -- neil: that's true. >> people are respectful of the airlines. what they're doing their best,
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this is as bad as they ever had you it so they're doing their best. what they could do, avoid what you're alluding to, just as government deregular rated medicine these days, and fda, deregulate air travel. let's have netjets, all the private jet services come in to compete so the whole industry can change if we let it. neil: all right. jonathan, we'll see how that all sorts out. by jonathan's view, you have to have the mask on, you state your case with the flight attendant, this dude is dropping all this stuff on your middle seat. no one can hear you if you have the mask on, i don't he no. stay with us, you're watching fox business. it was a life changing moment for me.
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innovative, trying to work around rules say they can't have people sit inside. alex hogan with more. alex, what are they up to? reporter: neil, as businesses and restaurants are opening around the country, it is not business as usual as you mentioned. but adaptation we're seeing to a new normal. to prevent closing doors for good a lot of restaurants are trying to get creative what the new normal looks like. >> we came up with our red square policy. so you come up and order at our tickky hut. you go hang out in the square, six feet away from each other, wait for your food. >> we had to put up plexiglass screen in front of our workers to separate them from our customers. >> so we just lock the door. we open the window. we told everyone please line up outside. reporter: to cater to the needs of the new american customer many businesses staying afloat are opening more on delivery, serving cocktails to go, not
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just selling meals but also selling raw ingredients. >> you buy cookbook, a great recipes inside do yourself and enjoy the experience that way. >> we reduced the, shrank down men use. we reduced prices, basically selected a men you that is most successful item within lunch and dinner. reporter: some restaurants don't have the resources and must close. sales are down $5.5 billion in the last two months. that is according to the new york state restaurant association. it recommends more businesses adapt to the changing industry. >> we think that will be a long-term impact on the industries, take-out and delivery will continue to be extremely important figuring out what items make sense from your menu. reporter: another way that some is abouts are staying afloat, some are selling ingredients in bundles so people take them home
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and make the favorites from their own kitchen. some restaurants are thinking about starting cooking classes online. neil? neil: they are creative, alex. i will give them credit. alex hogan, thank you very much. nice report. not so nice exchanges between our country and chinese. they have not gone up to the president of the united states and president xi xinping. what is going on there. gordon chang what he is hearing about leaders otherwise were getting along fairly well, might not be talking at all. what are you hearing, gordon? >> you know you're absolutely right. president trump today said, look he hasn't talked to xi xinping in a long time, and probably that's a good thing because the conversations between the two of them would probably be pretty testy. we see that from the conversations at the lower level. so the secretary of state, the foreign minister of china, they are saying things which are clearly very corrosive.
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for instance, china central television which is the primary state booed -- broadcaster, called pompeo, quote, unquote, insane. this has got to stop. neil: they were saying, i don't know if himself, white house lying through its teeth about the charges what the chinese might have known about the coronavirus and when they knew it. be that as it may, the back and forth, i wonder on any making good of the trade deal we signed prior? the chinese can say, forget it, we're not doing it and the u.s. can say, we don't need you or the deal. where does this go? >> yeah. even before the coronavirus outbreak the phase two trade deal was pretty much in danger because we had deferred the most difficult issues, the ones that xi xinping felt were really core to china. he wasn't going to make concessions on. so for instance, state subsidies, tech policies all the rest of it but you know we have
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seen over the last two, three months hints from state media saying they should get relief from the phase one trade obligations, most notably their obligation to purchase an additional $200 billion worth of goods and services in a a two year period over a 2017 baseline and that of course is not something that the trump administration wants to hear and it is not something that the u.s. should give in on because the chinese knew about the coronavirus outbreak when they signed this deal on january 15th. neil: amazing. i can't see how they patch this up but we'll watch it closely. gordon chang, thank you very much. gordon chang following all things china. we're following oil again. this is the fifth straight day of advances for oil. i might be a day off on that. my apologies if i am. we're up smartly today, 20%. i remember when this thing was negative territory. that might have been a statistical anomaly. the fact of the matter when it comes to this particular
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♪. neil: all right. we might know as soon as thursday what the nfl is planning to do this season because it is tentatively set to release a fall schedule. they're hoping to get everything off, business as usual. we don't know empty stadiums or sparsely-populated stadiums but we do know that is the plan. tiki barber joins me, nfl great. as washington redskins fan i hated him but the fact of the matter he was awesome. he joins us. tiki, good to see you under these circumstances. i don't forgive or forget but look at your career with great
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admiration, my friend. what do you think of the nfl hopefully trying to get off in the fall with a normal schedule, what do you think? >> honestly let me back up. blame charlie caserly in 1997. he said we can't draft you. it will haunt you. it ultimately. neil: you were right. >> nfl needs to operate as normal, and release schedule on thursday in a prime time show, that will be entertainment like the nfl draft a week ago was entertainment but reality is it may be pushed back a week or three or four, ultimately to empty stadiums. i think operating as usual keeps people sane in a sense, more importantly it keeps their broadcast partners believing that all this money, these billions of dollars that they have spent to broadcast these
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nfl games is money well-spent. neil: you know what i wonder about, tiki? i don't know this was season they would expand or next season to 18 games but how is that affected here or if that is a future concern it is not a now concern? >> yeah, the expansion is only in the playoffs for this year. there will be two extra play off teams added that will not be affected by a late start or truncated series of games but in a couple of years that is when they will expand the regular season to 17 games and we'll see what comes of that. the biggest issue obviously is health and safety, something the nfl has been focused on for a lot of years now. neil: you know what i like about you, tiki, outside the fact that you played for the giants which i don't like. the whole thing i like, you never forget the players, the ones who didn't have anything approaching your success, financial success, you're
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particularly worried about college players now. they don't have that financial fallback that a lot of the pros do and maybe you can explain what you're trying to do for them. >> yeah. well, i'm a champion of this new social platform called sue social. sue is an old company but relaunching with the idea that influencers, this is college athletes, professional athletes, this is a mom or dad in a local community who has a large following to be able to monotize their content, monetize their brand. we know how this is working for years. some people have access to brand partnerships. a lot of people do not have access to it. i think sue is creating a platform for that to happen. again, it is monetizing ads. it is sharing in the ad revenue. being able to set up a store. when you look at what the ncaa has just agreed to, this name, image and likeness branding opportunity for student athletes it is a great platform for them
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to take advantage of. now it is not just the star athlete. obviously it will be the star athlete, neil, but could also be the star lacrosse player who wants to put on a camp or start a business. it could be the track-and-field star. sidney mcloughlin, from the university of kentucky, she is no longer there, she went professional, she could monetize her celebrity in different types of ways previously not been allowed in the ncaa. so there is many changes coming to the monetizaton of the ncaa student athlete. i think it is all for the good. neil: good for you. you're a good man. i want to get one last thing off my chest, tiki. i saw you play at rfk stadium a number of times when the giants would come in the old rfk stadium. i was with a group of guys one time cursing at you, saying awful things to you. i was not among them. i really wasn't. >> thank you, neil. i appreciate that. neil: but i was, i was with a
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group who was. listen, tiki, great memories, great job. great football player. great human being. great seeing you. >> thank you, neil. be safe. neil: i will. imagine people would think i would say something like that to a professional football player in the middle of a game, drinking a lot of beer. really. we'll have more after this.
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♪ neil: all right. states are reopening. those doing very carefully, tentativelily, very cautiously. some it in phases. some states like new york, indiana, maybe half that amount. you will find our jeff flock looking at what the governor there wants to do i guess, jeff, get business the way it was but not quite the way it was? reporter: you know, i ran into this lady who is open. some of the shops have not opened right away, neil, even though they're able to open. i ran into this lady who is open. >> yes, we are open. reporter: you are open to be open? >> i'm so excited. reporter: you were a rebel now? >> we opened on first friday. reporter: before they said -- >> before they said we were
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allowed to open we did. reporter: how has business been? >> business has been great. we missed our customers. they missed us. we have seen a lot of foot traffic. reporter: you have? >> yes. mostly this weekend. not too bad today for a tuesday, a rainy tuesday. reporter: maybe neil takes a look down the block. the barbershop is closed. a lot are still closed. >> right. it is nice to see a couple weeks ago, this whole street was empty and i mean the whole town was empty. so it is really nice to see people parked and you know, lights on, open signs on. it is a joy to see. reporter: any worries at all? i don't have a mask on. you don't have a mask on. >> i don't either. reporter: we're trying to keep distance. >> right. reporter: i assume you're being careful. >> we're being careful. reporter: are you worried? >> i am not worried. if you going to get it you will get it regardless after mask or not. here in the store if you want to wear a mask that's great. we're not requiring people to wear masks.
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we have hand sanitizer stations to sanitize. we're frankly not worried about it. reporter: a lot of people obviously are. >> that is their prerogative. we're not going to yell at you, if you have a mask, we're not going to yell at you if you don't have a mask. reporter: seems fair. i would like to come in there to poke around. we're on television right now. i would like to come back. >> bring everybody. come on in. reporter: turn this into home shopping network but maybe not the best way to go. thank you. >> thank you. reporter: glad to hear you're come back to life. this is main street, i say main street, calumet avenue, in the town of chestertown, indiana. the print shop across the way is open. if you look down here, you know, a lot of them aren't. a lot of people still concerned. there is a barbershop down there not open. but you know, it is going to be a process, neil. what they're doing in indiana, by the way, i should tell you,
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you know, there is phases in indiana. phase one was the lockdown in terms of response. we're now in phase two, which is travel restrictions lifted, retail, coming back. allowed to. in may, at the end of, what is it 24th of may, gyms and theaters get to open. then bars and mid-june we'll get to open. then by the, 4th of july, they say, everything is going to be open, festivals, everything is good. no restrictions on, you know the amount of people gathering, all that sort of thing. go into bars. you know, do whatever you typically would do. we'll see if that all comes true. but right now, as you can see, the american spirit is alive, and trying to come back to life. neil? neil: jeff, did, i noticed that the lady ran that shop you were just at, she is not requiring masks or whatever. does the state suggest that? what is the state kind of
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telling you retailers to do or restaurants or whatever? reporter: indiana has been different than a lot of places. governor holcomb here, republican governor, you know, has been, he kind of puts it on the residents of indiana. we need you to be, we're going to encourage you to wear masks. we're not going to mandate it. so it is kind of on you, you know. that's kind of the way it goes here. we'll see how that turns out. obviously, you know, people, i talked to a woman earlier not opening the shop because she is concerned, so you know. all viewpoints represented here. neil: indeed. thank you my friend. appreciate hearing from her as well. of jeff flock middle of all of that. indiana is doing that. new york will have at least a dozen different phases. final frontier of those open phases would likely be around the new york city, metropolitan
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area. it would be presumably among the last to open up. so it all starts around mid-may, then the big apple, this cavernous canyons of manhattan virtually empty, then what? wait, keep waiting. we'll have more after this. some companies still have hr stuck between employees and their data. entering data. changing data. more and more sensitive, personal data. and it doesn't just drag hr down. it drags the entire business down -- with inefficiency, errors and waste.
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neil: all right. as we start the top of the hour here with wall street sprinting ahead about 335 points on the dow jones industrials, we are getting news out of corporate america about those who simply cannot continue to make it business as usual. you heard yesterday about plans for j. crew to file for bankruptcy. rumor that neiman marcus is very close to that. now hertz, the big rental car agency, that apparently has not had enough business to justify sticking around in its present form. lauren simonetti is watching it closely. lauren? lauren: hey, neil. so hertz has staved off a bankruptcy filing for now but they really just bought themselves time, two and a half weeks, to be exact, to come out
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with some sort of strategy on how to move forward, and the rental car company says look, we might not be able to find that strategy. you are also looking at gold's gym, they have filed chapter 11. they hope to emerge by august 1st. finally, neiman marcus could file for chapter 11 bankruptcy this week. reports say they are close to a deal with their lenders to cut debt by more than half in exchange for equity in the company. so that's a range of companies, rental cars, gyms and luxury department stores that are struggling right now. let's take a look at amc, not the movie theater, but the network, also the parent of bbc america. they reported, it was a mixed report, the positives were people are staying at home so people are watching their content. they also said they are well capitalized. the stock is up 2.2%. the negative, ad sales down, new content, production is halted so where is that going to come from? let's take a look at a bright spot, oil up five days in a row.
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supply and demand coming back in line. if you look at the opec plus cuts and other production being shut in, we are talking about 14 million barrels a day taken off the market as states reopen, demand is going up. this is positive for oil. $24.69 right now. unfortunately, the cruise lines are struggling. norwegian said today there is substantial doubt, that's a quote, about their ability to continue because coronavirus, this is an industry that did not get government money, coronavirus has really changed the way they do business. back to you. neil: lauren, thank you very very much. in the meantime, lawmakers are back, at least the senate is, but already they are chomping at the bit to go after china. some already looking at ways they can punish china for this. hillary vaughn with more from washington. reporter: well, part of the coronavirus recovery package could include holding china accountable as lawmakers on capitol hill look at what they need to include in a bill, the
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next bill, to address the pandemic. >> there has been not just a lack of transparency but a very aggressive attempt at squelching important information that could have prevented the spread of this disease had china just been much more open and forthcoming with information. now they are caught in it and it's just going to bring on not just the wrath of the american people but the entire country, the entire free world. reporter: that wrath could look something like this. according to analysts at an investment banking company cohen, congress is looking at ways to crack down on china, including limiting chinese stocks and bonds from u.s. indexes, forciing chinese companies traded on u.s. exchanges to follow u.s. rules, and blocking federal pensions from investing in companies, but some aren't waiting for a phase four bill to get retaliation. senators marsha blackburn and
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martha mcsally introduced a bill that would allow lawsuits against the chinese communist party, allow people to ask for damages for death and financial destruction caused by china's misinformation. senator josh hawley today in an op-ed in the "new york times" calling for the u.s. to withdraw from the world trade organization, writing this. quote, the only way to ensure to confront the single greatest threat to american security in the 21st century, chinese imperialism, is to rebuild the u.s. economy and to build up the american worker and that means reforming global economic system, abandoning the wto is a start. the white house has said they are looking at payback for the misinformation that china peddled leading up to this pandemic but the president telling fox news at his town hall on sunday the threat of tariffs against china would be the ultimate punishment. it's not something he's ready to back right now. the president today told reporters as he was leaving the white house that he wants transparency out of china, but also adds that he has not spoken to president xi recently about
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this pandemic, so it looks like the administration is looking at ways that they can retaliate against china but what those ways look like are still up in the air for now. neil? neil: hillary, thank you very very much. i wonder what the former speaker john boehner would make of our chilly relations with china and whether we could be throwing the baby out with the bath water if all of a sudden we start slapping tariffs or god knows what on the back-and-forth and recriminations from that. john boehner, former speaker, ohio congressman joining us. very good to have you back. >> neil, good to be with you. neil: thank you for coming. let me get your take on how we should handle china. we know they misrepresented some things, the administration saying they outright lied about the severity of the virus. but we just signed this trade deal and i'm wondering in this environment, will any good come of it? will the chinese make good on promises if we can't trust them and will the whole thing go kablooey? what do you think? >> well, i think we need to wait
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for the investigation to get completed in terms of what happened and what didn't happen. i'm not sure we will ever get to the bottom of what really happened but we need to do our best to determine what did the chinese know, when did they know it, but second to that, they signed the phase one agreement. i would hope the administration would continue to work toward the implementation of that. secondly, continue into the second phase of this trade agreement. one of the factors, there are 1.3 billion people that live in china. it's a big market for the u.s. we are a big market for them. we are in this game together, whether we like it or not. [ indistinguishable ]
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in terms of having some critical supplies produced a little closer to home to make sure that we get into a situation like this again, we will have a supply chain that can actually produce the parts that they'll need. neil: you know, this whole coronavirus and how we are dealing with it and trying to stimulate the economy to combat the financial fallout from it, it's staggering. i'm sure even by your memory in dealing with the democratic administration spending and all of that, but the treasury secretary is just, you know, gotten permission to get $3 trillion more in debt spending for this quarter. that's almost triple what you asked to borrow all of last year and it doesn't include an additional $680 billion, congressman, into the next quarter. i'm wondering where this ends
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and how we ever address it. >> well, neil, it's actually a lot more than that. when you look at what the treasury has set up, department of treasury, what they set up with the federal reserve, you are going to see -- neil: you're right. >> -- $3 trillion or $4 trillion coming out of the federal reserve on top of $3 trillion that's already been appropriated. and more is coming. listen, as a policy maker, retired policy maker, i'm sure they want to do everything they can to help, but the biggest thing they can do to help this economy is to find a way to begin to unlock it and allow people to slowly get back to work and people slowly to get out and begin to spend money, because there's not enough money in the federal government to replace a $22 trillion economy. neil: yeah.
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what do you think of the payroll tax cut the president wants? nobody else seems to, speaker. i talked to kevin brady on this subject, i won't replay the bite, but he said it's just not doable, there are other options, that's not one of them. democrats seem, you know, lukewarm at best on the idea. what do you make of the payroll tax cut? >> you know, it's a way to get more money into the hands of the american people. the american consumer, to get out and spend. but remember, if you don't open up restaurants, you don't open up shopping malls, and people aren't comfortable by going oushtout, they are not going to spend this money. so while it's a reasonable idea to get people -- get money back into people's pockets, it ain't going to mean much if we don't begin to open up the economy. neil: there have been doctors and medical personnel i have talked to over the last few weeks, it's accelerated the past few days, those who worry we are
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moving too quickly. there are just as many who say we are moving too slowly. where are you on this and balancing the fear of a spike in cases with no spike in the economy if we don't, you know, get things back? >> neil, it's going to be a delicate dance. you know, we can't keep staying locked up forever. i have been locked up for 53 days. i haven't done this in, i don't know, at least 50 years. so i think as restaurants begin to open slowly, people begin to show up slowly, we are going to be more protective of being around other people, it's just going to be a slow, delicate dance we are going to have to go through. some parts of the country can do this a little more quickly than others. but i think what's happening here in florida is reasonable, it's responsible, it's where i happen to spend the winter and restaurants are beginning to open. not many tables available.
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but people are slowly going to go back to restaurants and restaurants are slowly going to begin to open up more people. we will get there but it's going to be a bit of a dance. neil: you know, speaker, i don't know what rumors we can really believe, but it looks like nancy pelosi has not had any conversations with the president going back to january and likely prior to that, back to the fall. does that surprise you? how long did it go if you and barack obama had a testy exchange where you didn't talk to each other? >> well, barack obama and i disagreed on a lot of things but we had a very good personal relationship. regardless of what he thought, the american people didn't care whether he was a democrat and i was a republican. they expected us to figure it out. and we did figure it out. so they've got to work together,
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find a way to work together. they had some pretty sharp words back and forth. i will let them figure it out. they've got to solve their problem. i've been there, done that. neil: isn't that a big deal when you're not talking to either the speaker to the president or the president to the speaker? i'm sure you had your differences with the president, like you said, one's a democrat, one's a republican i get that, but you kind of have to talk to each other, don't you? >> i would think so. i find it a bit strange myself. neil: how do you think in industrial states, i know you like to stay out of the politics now, who's going to win what, but the president's national poll numbers, depending on what you look at, look pretty stable. he has a 49% approval rating but in the battleground states that tipped it for him in the electoral vote, again, depending on the polls, speaker, he's trailing in them right now. why do you think that might be? >> well, i try to stay out of the political world these days. but i think given the severity
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of this covid crisis, of what it's done to our economy, what it's done to american society, it's pretty clear to me that november's election is going to be a referendum on the president and the administration's handling of this crisis. i don't see any other way around it. neil: do you miss it? do you miss being in washington, taking all the heat -- >> no. no. i've been there. done that. i loved it while i was there but i've never had one second thought about my decision. neil: all right. i love that answer. no. i didn't have to get the question out. no. all right, speaker, very good having you. good health to you. and your family. be well, be safe. >> nice to see you. neil: john boehner, former speaker of the house. one of the last straight shooters in politics. i said that even when he was in
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office, even more so out of office. it is refreshing. it's different. it is possible. more after this. so i listen to audible almost any time that i can. it's my own thing that i can do for me. since i don't have time to read, i mean i might as well listen. if i want to catch up on the news, or history, or learn what's going on in the world, i can download a book and listen to it. i listen to spanish lessons sometimes to and from work. yea, it makes me want to be better. audible reintroduced this whole world to me. it changes your perspective. it makes you a different person. see what listening to audible can do for you. many of life's moments in thare being put on hold. are staying at home, it makes you a different person. at carvana, we understand that, for some, getting a car just can't wait. to help, we're giving our customers up to 90 days to make their first payment.
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we're increasing internet speeds for low income families in our internet essentials program. and delivering self-install kits to your door. nos comprometemos a mantenerte conectado. we're committed to keeping you connected. for more information on how you can stay connected, visit xfinity.com/prepare. neil: all right. you heard at the beginning of this broadcast how a lot of
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grocery stores are now beginning to ration meat because they don't have enough of it because of coronavirus concerns shutting down meat processing plants. you know the drill here. that the supply chain has been shattered. i don't know if that's happening in stew leonard's, the grocery concern that has a chain of at least i think seven supermarkets around the northeast, new york, connecticut, new jersey. stew leonard, the proprietor, the ceo, the big cheese, see what i did there, with us now. very good to have you. how are you guys dealing with that meat shortage? how you dealing with that? >> you know what, the big plants have been hit with the virus and they have like 4,000 to 5,000 people working in each plant right there. and we are dealing with a lot smaller producers with maybe 300 to 400 or family businesses that we have had relationships with for 20, 30 years at stew leonard
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so we have been able, as you can see here, we have full shelves of meat and chicken right now and we are getting deliveries. i think the big national chains are getting affected right now. neil: how do you deal with potential hoarding, if someone says oh, my god, i see this, i better, you know, throw it all into my cart? >> i think the media is getting everybody excited. i have talked to ranchers out in the midwest and the production plants out there and what they have said, they are at about 70% capacity now. people are coming off quarantine right now. they think they are probably going to be up to 80% within a week and a half. then 90%, they said within four to five weeks, they expect us to be at 100% capacity again. neil: all right. well, you know the media. they always make a big deal out of nothing. stew, let me get your take on -- i know you are well-known for looking after your workers.
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year in and year out you are one of the best places to work for. i have been in your stores. you do treat people well. you treat your customers well. i was noticing behind you, i couldn't tell if the customers were wearing masks. do you require that they go in wearing masks or not? >> everybody wears a mask. everybody, customers, and our team members are all wearing masks, and gloves. i think it's important for every business that's going to reopen now in the country, we have had to reopen about a dozen times because governor, you know, cuomo says this and governor lamont says that, then you get the local officials that are all imposing their different restrictions on businesses. i think businesses can open safely but you really have to educate the business owner about how to do it. we have had over two million people come through the store since march when this
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coronavirus hit. we have been able to do it safely at stew leonard's and i spoke to the ceo of pepsi yesterday. she's heading up to reopen business in connecticut. we shared some great ideas and i was going to do a youtube a little later about what we have learned, you know, the hard way going through this, but what we have learned and how you can open your business safely. i think america can do it. neil: i have no doubt. do you practice distancing rules? do you spread people out in your store? >> look at this. you got lines all over, okay. we have distancing lines up at the registers at every service counter that we have, and it's the same thing that has to happen with the nail salon or even any salon, you got to space the chairs apart so you have people socially distanced within your businesses. so we have social distancing. the other thing is you have to
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optically show your customers you have the cleanest place they can be all day. we are wiping down carts out there, we have people walking around wiping things down, plus we do a deep cleaning every night. every small business that's going to open should be doing that for their customers because you know what we are fighting out there is a big element of fear. people are afraid. i read one statistic, they said even if restaurants open, only 4 out of 10 people will feel comfortable going to eat at them. neil: that's amazing. that's amazing but i can believe it. it will take awhile to get people back into the groove. you're doing the best -- >> you know, neil, i know you lost a lot of weight. look what we have for you here. okay? that's waiting for you at stew leonard's. all right? a ribeye. neil: you have a lot of that.
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you're the guy who has the beef. thos will be coming to your stores. thank you. he was referring, in multiple states, that's interesting, ned lamont, governor of connecticut, might have different requirements than andrew cuomo, governor of new york and of course, what's happening in new jersey, different governor, different set of standards. slow comeback there for businesses and grocery stores. you have to honor the rules no matter where you work and adhere to those standards and regulations, specifically in the state and town you work. more after this. every financial plan needs a cfp® professional --
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a middle seat for the privilege of wanting to keep it empty. the u.s. transportation department is allowing some cost-saving measures that jetblue and spirit were looking at to halt flights to m so some major cities that are not financially attractive right now. they will allow jetblue and spirit to halt some flights to those cities. i don't have a rundown of actual cities but again, this has been started by jetblue, said look, we have to rein in a little of our spending here and this is a good way to do it, or the alternatives wouldn't be great. apparently facing those alternatives, the government has said we are with you on this at least through the fall, september 30th, more to the point. airline stocks still under enormous pressure, of course weighted considerably by warren buffett abandoning them as an investment, saying it just wasn't worth it. meantime, we got ashley webster following a british government that wants to keep a very close eye on its citizens,
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especially those who have any virus contacts. ashley webster, to you. ashley: yes. neil, the national health service in the uk is encouraging people to download an app that it hopes will help to track and slow down the spread of the coronavirus as the economy here and elsewhere tries to reopen. here's how it works. the app is downloaded and uses bluetooth to map where someone has been and who they have had close contact with. now, that's defined as being within six and a half feet for 15 minutes or more. now, if you have been exposed to someone who has tested positive for covid-19, you would then get a warning from the government health service and be advised to self-isolate. that's the premise. the question is, could a similar program like that work in the united states. well, other than the big brother concerns, of course, there are also questions about the access to the technology itself. take a listen.
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>> not everybody first of all has a smartphone and second, when you look at the settings that need to be obtained in order for this application to work, they would have to have location settings turned on for pretty much everybody. ashley: not much good, you don't have a smartphone. experts in the uk say around 50% of the population would have to use the program for it to be effective, but it's going to be a tough sell because all of your information is stored on a government data base and if you visit the uk, you too may be forced to download that app so they can track you while you're visiting the country. by the way, both apple and google are reportedly working on similar programs. that will also give you more control over your data, but you know, this is one way of trying to track the virus. the question is, privacy and security. so it's a combination, it's like which side wins out. certainly it's something the uk is thinking of doing and very
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soon as well. neil: yeah. it does have a little bit of big brother-ism to it, though. ashley: oh, yeah. neil: how far they go with it. ashley, thank you very much. ashley webster. he just doesn't sleep. but he seems to be okay with the not sleeping part. bush 41's economic adviser, we were talking earlier to john boehner about this payroll tax idea the president keeps pushing. he didn't seem to think it would be very beneficial, didn't seem to be a big fan of it. the president is. kevin brady, the ranking member of the house ways and means committee, doesn't share that enthusiasm. where do you think this whole payroll tax thing is going? >> well, i don't think the payroll tax taps into a desire to do something and do something clear and dramatic. the payroll tax relief is a bit of a drip speed as opposed to a
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real injection into the economy. therefore it's tough to get people excited. at the same time you have senior citizens lobbying groups who worry about viability, long-term viability of medicare and social security, and worry that the payroll tax relief would actually deplete the long-term longevity of those programs. so i don't think it's a very exciting choice. president trump originally talked about that a couple months ago and then gave up on it in favor of something a little bit more dramatic. neil: if you want money in people's hands quickly, if that's the idea for stimulus, what would you do? >> i had a piece in the "wall street journal" back in march explaining how the experience economy is really bearing the brunt, restaurants, theaters, hotels and so on, so i had proposed that the government basically send a $500 preloaded
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debit card to every household in america that could be used in the experience economy, but not used yet. it would have to be probably midsummer, starting midsummer or late summer, when fear ebbs and it becomes safer to visit theaters and the like. so that's one way to do it. also, i think it's important to remember the whys and somewhat cynical words of chief of staff to bill clinton, rahm emanuel, who said never let a crisis go to waste. i think now is the time for the u.s. economy to unleash regulations that actually make it more difficult for businesses to do business and for employees to get hired. i live in the state of california which has been at war with the gig economy for the last couple of years. basically at war with uber, lyft and freelance writers and it's time to relax some of those restrictions so that people can
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get jobs as opposed to worrying about filling out more forms. neil: those aren't some bad thoughts, particularly on the regulation front, because that is immediate and that's something that has a quick response. something presumably the president wants to see and he should know from his own regulatory relief, the first wave before the tax cuts, that it did work. you're on to something there, young man. thank you very, very much. former bush 41 economic adviser. joined us via skype. couple things we are following. delta is blocking the sale of select aisle and window seats on additional aircraft, capping seating at 50% in first class, 60% in the rest of the cabin here. as you know, it entertains people flying again but just not as many of them. more after this. what do you look for when you trade? i want free access to research. yep, td ameritrade's got that.
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neil: rumor has it someone's a birthday girl. that's right. adele, big fan of mine. big big fan. 32, 32 years old. she looks beautiful. doesn't look a day over 25. and that voice, still angelic. new album pretty soon. anyway, lot of people get uncomfortable saying you know, neil, she could be your daughter. okay. let's move on. most beautiful voice on the planet and 32 years. that's amazing. all she's accomplished in that time with that beautiful voice. now to charlie gasparino, so just kind of like adele, angelic, perfect. gaspo. charlie? charlie: if you weren't my friend i would be calling you a dirty old man right now, just so you know.
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but you are my friend. neil: isn't she amazing? that voice is a gift. it's a gift. do you not agree? charlie: i don't know. she's all right. i'm more of -- neil: she's all right? she's all right? charlie: i'm more of a rock and roll. i do like country music every now and then. know who i think has a great voice? what's her name. that football player's wife. i think it's great. you talk about a looker. what's her name? eric decker's wife. jessie jane. look her up. neil: she and i talk a lot. one time i called her, she picked up the phone immediately, said hello. okay. these are the jokes i just run with. yeah, right. okay. all right. so you are talking about bailouts, i guess. charlie: yeah. neil: we will keep adelle up as
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you talk. charlie: i mean no disrespect. your wife is beautiful. that's a whole different story. we are talking about something not beautiful. municipal bonds, particularly from illinois. the pandemic as you know has had a major economic impact on main street. wall street looks like it's doing just fine. that's because the fed printing money and investors pricing in a possible recovery in the second half. we will see if that happens or not. you talk to experts, they are split on that. but be that as it may, the real issue here is in municipal bond markets and specific credits that are going to have a hard time going forward because of huge budget issues, unfunded pension liabilities. at the top of that list, the most serious case of the fiscal blues out there, at least when you talk to municipal bond market sources, is the state of illinois and the rubber is going to meet the road with the state of illinois very soon. the market is going to basically vote whether this state is right
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now -- deserves a lifeline or it needs extraordinary measures to avoid, you know, a fairly difficult fiscal problem where it might have to turn to the fed. illinois is on the verge of selling two bond deals, one tomorrow, it was slated to sell, $1.2 billion in short-term notes and then there's a $1 billion issue of more longer-term debt that's going to be sold next week. it's unclear if the market is going to buy any of these deals. if the market doesn't buy any of these deals, illinois is in real difficulty. they may have to turn to the federal reserve which opened up, which at least announced, did not open up, a credit facility where it could buy municipal debt, it would buy it on very onerous terms, at least according to what the fed has stated, but it's an emergency last-ditch method for a state to sell debt and to stay solvent and to avoid a real fiscal calamity. if illinois can't sell short-term debt it can't pay
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workers, can't fund basic projects. that's what we've got here, the possibility. that's what the market is at least signaling. so we do know a couple things. these deals are announced. the state is saying it's all a day-to-day basis. the market is saying that they are talking to the fed possibly, being allowed to sell if they have to to that facility, to the fed. all in all, what you have right now is illinois, if -- i guess if there was a bankruptcy law for states, there isn't yet, i know mitch mcconnell has spoken about it because this issue will keep going and illinois could be the test case, if there's a municipal bankruptcy for states, illinois would be the poster child for that right now because it is in deep, deep hole and it's having a very difficult time paying its bills and it may not be able to turn to the market to raise debt. now, there's always a buyer at some cost. maybe they will just jack up the
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yield to extraordinary levels and investors will bet hey, i don't think illinois as a state is ever going to go bankruptcy and screw me over, and default. you know, that's the bet that i think investors are going to have to make and if they basically say no to illinois, this is like a new york city 1970s situation. i know you were middle-aged in the 1970s. you probably remember this. that's when new york was essentially turned away by the market. new york city. it defaulted. it was a short-term temporary default and it led to the fiscal crisis which ran about six years and still to this day, new york city feels the reverberations of that because its bonds are rated lower because it was a technical default on its debt back then. that's what illinois is facing. it is a fiscal, i guess you could say a fiscal crisis in illinois. we'll know more as we get some
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sunlight on whether these deals get done or not and how they get done. the state's not really saying much other than it's a day-to-day basis and they will not comment on if they are having any conversations with the fed. back to you. neil: there are distinctions. you are talking a city, both type of entities go belly up, the state is a sovereign entity so you are also tipping on legal precedents there. charlie: you got it. i'm going to listen to some adele while i go running. neil: okay. i just did the same a little while ago. all right. thank you very much, my friend. charlie also celebrating the 32nd birthday of perhaps the most angelic voice god has ever created. happy birthday. call me. call me. after this. you wouldn't accept an incomplete job from anyone else.
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why accept it from your allergy pills? flonase sensimist. nothing stronger. nothing gentler. nothing lasts longer. flonase sensimist. 24 hour non-drowsy allergy relief it's my own thing that i can do for me. since i don't have time to read, i mean i might as well listen. if i want to catch up on the news, or history, or learn what's going on in the world, i can download a book and listen to it. i listen to spanish lessons sometimes to and from work. yea, it makes me want to be better. audible reintroduced this whole world to me. it changes your perspective. it makes you a different person. see what listening to audible can do for you. it makes you a different person. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these.
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neil: all right. we already know in most of the country there's not going to be a rest of the school year. that's canceled. now a lot of folks are fearing will there be a fall school year for colleges, will there be a fall semester? a lot of kids are assessing that with their parents and saying you know whasht, maybe we call this a gap year, put it all off a year to avoid the debate. gerri willis has been looking at that phenomenon. it's more pronounced than we
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know, isn't it? gerri: that's right, neil. taking a gap year, that's what many prospective college freshmen are considering as the covid-19 pandemic is making people fearful for college students' health. listen. >> so it's definitely disappointing and just caused great anxiety and stress, not knowing if i could attend in class in the fall. >> she worked so hard for so many years to achieve. gerri: that's olivia, accepted as a freshman at nc state, and her mom, layne. and they aren't alone. experts telling fox business that 25% of college freshmen may opt to stay home. that would be 725 students compared to a typical 40,000 that take a gap year. and the experience, different, too. no way to tour europe during a
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pandemic. olivia plans to work. all of this as decision day, june 1st this year, looming with college administrators watching for record summer melt, their term for shrinking class sizes. happens go that's good news for students that didn't get into their first choice schools but for others like olivia, taking a gap year makes the most sense. >> after making the decision, i felt like i think we're in the driver's seat. we hit a point where we just have to say we need to step back for awhile and reassess and re-evaluate. too many variables are in play here. gerri: this year's gap experience likely to be very different from the boozy study tours of europe. watch for students to land jobs and actually earn some money. neil, back to you. neil: yeah. i remember when malia obama put off starting at harvard for a year to travel the world, have
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some fun. that's work depending on the kid, the attitude, the parents, i guess. good stuff. thank you very much. gerri willis. a lot of you are now slowly being tempted to come out of your homes in dribs and drabs here. not in all states and certainly there's a big delay in going full throttle in states like new york and connecticut, new jersey, whathave you. but the process is beginning. still a lot of people are very anxious about it. they don't know if we've got a handle on this virus, they hear all of these headlines and numbers that show maybe 3,000 a day could be continuing to die of this virus. enter dr. robi ludwig to help them out, psychotherapist extraordinaire, bestselling author. it is a palpable concern, when i think there was a poll that 7 out of 10 americans are much more worried about the virus than they are about the economic impact from the virus. that said it all right there. >> yeah. many people are worried, they see the rising death rates and
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it's very frightening but it's very important to still follow the facts, know where you're getting your information from and not have overload on the negative news, because that can skew what's really going on in your world. you have to take control over what you can take control over, and we know what the medical doctors are telling us to do, wear a mask to protect others, wash your hands, keep your social distance, don't go out if you don't need to. all of those recommendations really work and to keep in mind the reality, 80% of the people who get this virus don't even know that they have it, and survive. so keep the numbers in mind that are factual. neil: a lot of people don't like the uncertainty of it. we were talking in that prior story about, you know, the kids who don't know whether they will have a fall semester. school systems that don't know whether they are going to have, you know, a fall opening as
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normal. summer camps that have either announced they are shutting down or haven't announced anything. people don't have any kind of light or clear indication what's next. that's rattling, too, isn't it? >> absolutely. and it's very frustrating, not to be able to plan a summer or to have something to look forward to. the truth is, there are always things that are out of our control. we are just more aware of it right now. and what do you do under those circumstances? you decide what you can take control over. there are things that can help us to feel mentally healthier, to create a healthy schedule in our day. wake up at a certain time, go to sleep at a certain time, make sure that you're working on projects that feel productive. stay connected virtually to the people that matter to you. make sure you're treating yourself well in terms of eating right, getting outside for physical exercise, and if things feel very overwhelming,
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telehealth now is really important and serving a major role in helping people with our current mental health crisis. neil: i'm noticing, i'm in the new york/new jersey area and i see a lot more cars on the road than i did even a couple weeks ago. so even though there have been no restrictions lifted in either state outside of maybe parks in new jersey, the fact of the matter is that there's no reason for so many more to be doing this and be outside. but they must be at a breaking point. >> yeah. i think that there is quarantine burnout and people are feeling that -- stuck in their homes, they have cabin fever and because there's no end date, i think that people are rebelling in their own ways and it's just important to keep in mind that if we don't really all work on this together, there will be a rebound effect that will impact all of us. we don't want to start this process of sheltering in over and over again. neil: got it. robi ludwig, thank you very
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much. some calming words. meanwhile, adele, i hope you were listening to that. it's a bummer to have a 32nd birthday in the middle of a shutdown and lockdown. but you are never to be down. never. happy birthday. more after this. it's best we stay apart for a bit, but that doesn't mean you're in this alone. we're automatically refunding our customers a portion of their personal auto premiums. we're also offering flexible payment options for those who've been financially affected by the crisis. we look forward to returning to something that feels a little closer to life as we knew it, . .
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contractors. this rift has been going on for some time. now they're taking it up, the lawsuit level. we'll follow that very closely as cheryl casone will in for charles payne again today. cheryl: a lot of things we'll follow during this hour of fox business, sir. thank you very much. i'm cheryl casone. i'm in for charles payne. this is "making money." begin with breaking news. look at your screen, another day of meaningful gains for the markets as a slew of countries ease the coronavirus restrictions. increased demand is pushing oil prices higher that is a big piece of the market story today. we'll v an expert analysis throughout the hour. the dow is up over 24,000, up 358. now as the number of states reopening continues to grow, more than 30, even hardest hit new york seeing a light at the end of the tunnel. what could this mean for our economy as we
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