tv Cavuto Coast to Coast FOX Business May 6, 2020 12:00pm-2:00pm EDT
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freebies. we'll throw them up on the screen. thank you for all your help. >> i will second and third that, lauren, thank you very much indeed. other time is up. i'm leaving you with the market indeterminant. not going much in either direction. dow off 65. neil cavuto. sir, it is yours. thank you very much. governor andrew cuomo, he is addressing the press right now. i'm wondering if some of his comments might have spied up the selling. not to overanalyzing here. good news from what you're hearing from the guy who heads number one state for coronavirus cases and deaths. when it comes to the cases they are trending down. when it comes to hospitalizations, 100 fewer than the day before. so that trend continues. it is on the deaths part here that remains very stubbornly high and they're still bouncing around roughly 230, 240 level, they just can't seem to budge from. here is what really grabbed our
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attention on the show. the fact that the concentration of cases, still seems to be overwhelmingly in the new york city metropolitan area. that includes all five boroughs. outside the greater new york city area. now that is not necessarily a shock. what tends to be here is the idea that when it comes to the number of new cases and the deaths it is about two out of three in both cases that come from the new york city metropolitan area. why would i mention that? because on the 15th of this month we're going to see the state ease up on some of the stay at home provisions but that will be largely in upstate new york. so we are telegraphing from what he is saying, this is me making that leap, it certainly doesn't look like it would happen in the new york city area, particularly the concentration of these cases remains in the new york city area. another footnote on these reports here, most have been at home. most of these cases, indeed most
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of the deaths, they are older, they are more likely to be minority, they have been staying at home. they have been doing what they're told. they are not traveling. many are not working but they are still getting this and many are still dying. it is a conundrum to governor cuomo. it is going to be an open-ended question in this country, especially as we just learned that the total number of coronavirus deaths in america has just hit over 71,000. but what is happening in the big apple bears watching. so many people, since this is the financial capital of the world want to see it get back in the groove, if the governor is right on some of these numbers, i have no reason to doubt him, the trend is not going to be his friend there. elsewhere in the state it is. let's get the latest from david lee miller who has been crunching a lot of these numbers also joins us from new york. david lee. reporter: indeed, neil. the governor said, despite everything we have done in the
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last 24 hours there were still 600 new cases of the virus, people needing hospitalization. he also said that statewide 252 people died from the virus, 232, excuse me that is a slight uptick from the day before. and he said of those 25 came from nursing homes. he did say though when he thinks all is said and done the numbers are going to be different. he says that he thinks they're going to be worse than what is now being reported. he says that officials are not even sure when the virus first came to new york state. he says the cdc is saying that the virus came from europe and some studies have shown that as early as november and december people in chicago were getting ill from the virus. the governor went on to say the question is not whether we open or reopen, or don't reopen but how we do it. he says the economy must function. people have lives to live. the governor says when new york city is going to get back to
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business is uncertain. he did say that the restart is going to take place in phases, regions of the state, that meet specific thresholds for deaths hospitalizations other criteria will be the first to reopen. the governor as you mentioned said that they crunched some numbers, they analyzed the data, they showed and the data shows that most of the hospitalizations come as you pointed out from people who were home rather than in nursing homes. to delve a little bit into the weeds here, he said 66% of the hospitalizations came from individuals who were at home as opposed to 18% who were at nursing hopes and he underscored that points to the importance of personal responsibility. we have new statistics from the city of new york. the mayor said 109 people in the city alone were hospitalized and that is a slight increase from the previous day. new york mayor bill de blasio says the city is pushing back every day on the disease, when it comes to restarting the economy citywide he says there
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is no on off switch, in his words it has to be done just right. the mayor said assembly of 10 advisory councils will start meeting, each one led by a deputy mayor. each council will have its own area of responsibilities. for example, some will deal with small businesses, others large businesses, others arts, culture and tourism. lastly de blasio went on to say, neil, that without federal help it is all but certain that new york city is going to have to furlough or lay off a significant number of workers. he said that the city budget now has a deficit of7.4 million, 7.4 billion, excuse me. statewide the coronavirus has been devastating to the economy. governor cuomo says the state budget is in the hole for some $13 billion. the mayor and governor, again, desperately asking for help from washington. neil? neil: david lee, very thorough
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report again. i appreciate it, my friend. david lee miller in new york city. let's get the read on this because as david lee pointed out again the concentration of cases, the concentration of deaths remain in the new york city area in the state of new york which bolsters the argument maybe the up state region can reopen, albeit in waves. that can come as soon as the 15th, when it comes to down state, concentration of cases tragically deaths remain, highly unlikely. the significance of this with dr. lose weise pietri, who joins me of mount sinai. i apologize the doctor is not ready. jackie deangelis i want to go to you on this without getting into the medical details here, i would imagine those waiting to see new york city open up sooner rather than later are going to have to settle increasingly with later from what the governor is outlining, what do you think? reporter: i think you're right, neil and i think a lot of
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wall street participants, market participants in general do understand that about the financial capital. having said that there is other news we're focusing on today. it is interesting. it is sort of two different stories here. this morning we got adp numbers, private sector employment, 20 million jobs were lost in the month of april. this is setting us up neil, for the unemployment report we'll get on friday from the labor department where we are expecting to hear unemployment went from single digits to the high double digits. now it is interesting, because i'm watching the dow right now, because it fluctuated, it is down 70 points. you would think after a number like this, it would be down substantially more. what it says the markets are pricing in these numbers. they are expecting to see this kind of reaction today. investors are hoping, as long as it takes that things will get better over time. having said that it may not be the end of layoffs, uber as a matter of fact, said it is cutting 14% of its staff. these numbers could progressively get worse before
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they start to get better. having said that the optimism being reflected in a couple different spots in the market. first would be the price of oil. if it were higher today, we would see a 6th straight session up. it is trading a little bit lower. we have the inventory report this morning. the build was a little less than what people were forecasting. they saw that as a positive sign. you and i have been watching the price closely. 23 is much better than negative numbers. it is definitely going in the right direction. earnings certainly in focus as well. gm was a bright spot for the market. even though the coronavirus has impacted its business, neil, the company said sales of trucks, silverado and sierra rose 27% during the quarter. then you had disney. take a look at that board, because mixed results there, in terms of what the company said. coronavirus hurting the theme parks but helping disney plus because people are staying at home. so you're seeing a little bit of an uptick in disney. having said that the company said it will suspend the cash dividend for half a year, for
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the first half of the year to try to preserve some of that cash. finally, you know, neil, people saying they don't want to buy homes during the pandemic. having said that, we saw the mortgage applications to purchase new homes were up 7% from a week earlier. maybe some folks more financially stable taking advantage of the low interest rate environment and maybe more motivated sellers to get into this market. according to freddie mac the rate on the 30-year so crazy low, 3.23%. so that is why we're seeing a little bit of an uptick there. take a look at the 20-year treasury note, if we can get that board up there, just to see where yields are trending because a little earlier this morning, yields were a little bit higher which meant that we saw folks exiting the market and maybe rotating back into stocks. i mean, something to watch very closely because we see these fluctuations day-to-day, neil. neil: indeed. jackie, that he very, very much. i can't believe those mortgage
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rates. did i tell you my wife and i were paying per day when we got our first mortgage? i guess i'm dating myself. jackie, thank you very much. by the way we look at lot of numbers, we heard the 20 year bond getting a lot of talk. new issuance to pay for all the borrowing we're doing, about $3 million worth in this quarter alone into the next quarter. there is going to be a lot of borrowing going on and we'll have to finance it one way or the other. that is how they go about that. we'll keep a close iras on that. also keeping a close iras on the president doing about face. on this, got a heap of criticism from republicans and democrats. he would walk that back a little bit. he didn't say he was walking it back, but he is walking back, we may add or subtract to it but not shutting it down. a lot of folks relief from task
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force with a lot of bold face names like dr. fauci and dr. birx, we like to see they're on the job keeping on up of all of this, especially new york developments. john bussey with me now on this. given the new york news, john, today that things are getting complicated, improvement on intu probations and certainly what we've seeing on the hospitalization front but stubbornly disproportionately high cases in the new york city front, even those sheltering at home. that was a bit of unnerving development. what did you think of it? >> well the numbers have been generally trending down in new york. new york city is dense, lots of people t will be harder to stop the infection spread there over time. the governor has said that it is just logical, the big cities are going to suffer harder. the other thing to keep in mind, neil, while new york overall has been trending down in some of these numbers, the country has been trending up.
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it is, we haven't plateaued as a country yet. and so the lockdowns, the leaving of some of the restrictions, all of this is going to play out in such a way that people are going to think, hey, it is a choice between freeing up the economy and having more deaths. you know it is one or the other. we can't stay locked down to prevent deaths forever because it is damaging economy but that is really kind of a false comparison and we see that in countries like germany, neil, which has managed to keep its economy much more open during this crisis. has relieved some of the pressures that it restricted, some restrictions that it put on it has relieved some of those but it continues to have a much lower death per million population rate than the united states, about less than half what the united states has. why is that? better management. neil: yeah.
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it's wild. sorry to interrupt you, my friend, here. we're getting more details on the new york situation and disproportionate deaths in the new york metropolitan area, to john's point that is not new or surprising. what it is how overwhelmingly lopsided it is. remains seven out of 10 deaths and cases almost same exact percentage or breakdown are in the new york city metropolitan area. i mention that only because there has been great pressure to reopen the city. it wasn't expected to as soon as the 15th when a lot of sheltering at home provisions sort of wind down but now it has been kind of confirmed given these latest numbers it would be risky to do that right now. i don't know whether dr. pietri of the mount sinai school of medicine agrees with that but kind enough to join us. doctor, from your vantage point these numbers in new york struck me on a couple of levels. the first being most are doing what they should be doing.
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they're sheltering at home. they're doing everything we tell them to do and smart folks like you tell them to do and they're still, they're still picking up cases and many of them are still dying. what is wrong with this picture? >> indeed, neil, we're dealing with a simple math. this virus is contagious. the moment we stop keeping this virus in check it will spread out this is expected to see it. looking forward it is not a question when we are going to open. we're going to open but we have to do it with a right strategy so we prevent going back to square one. neil: doctor, does it make sense right now, obviously they have ratcheted down what is defined by old. i notice in new york, doctor, it is 51 and over. i thought it was 60 and over. i'm glad a lot of people joined me being officially defined as old but having said that, 2/3
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are 51 and older. not only getting cases in new york but sadly, tragically dying in new york. i don't know how that compares nationally but, that is a telling figure in and of itself, isn't it? >> across the country and the world statistics are pretty consistent. we see more cases in people older. we know that it is age itself. we have lower immunity as we get older. second there are more preconditions, we have more comorbidities. those people have lower immunity. very expected to see younger people see less cases because we respond better to the viruses. neil: so, doctor, you're, professor of cardiology among many, many things, those are vulnerable group, those with heart issues, respiratory issues would put them back in the line in terms of coming back or new york or any other state. do you still subscribe to that,
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that would be a good idea even though the nation is getting back, the vulnerable population, include those with diabetes and those with other issues should hold back? >> absolutely, those people who are more susceptible like elderly, those with chronic medical conditions should be more cautious about reentering the social life. there is no question about it. neil: dr. pietri, thank you very much. i always enjoy your insight and thank you for all your hard work on the front lines. again the takeaway from this new york conference, we're still monitoring it, both in new york city and new york state, the worst-hit city and state when it comes to the coronavirus cases, the bigger picture they're improving in terms of new hospitalizations, a leading indicator if you will, lagging indicator, tragically deaths, they remain stubbornly high. the governor of new york is admitting i'm thoroughly confused. a lot of those people are doing everything they have been told to do and they're still in a
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neil: we'll take you to the white house shortly. president is meeting a group of nurses, the nurses association there at the white house. we understand he will be providing us some conversation from that tape of that and when we get that we'll of course share it with you. this comes on the same day we're hearing from new york governor cuomo who sees some bumps along the death and case route certainly in the state but that is improving. the fact of the matter it is not improving enough. the governor said wrapping up the press conference a few minutes ago, states reopening whose case growth is still on the incline well they're making a big mistake. so that comes up today, on a day like this, we're also seeing stubbornly high cases popping up. in spain, for example, it extended the state of emergency over the whole epidemic for at least another couple of weeks. so they're not quite satisfied that things have improved measureably in spain, remember this was once one of the global
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epicenters for the virus as well as italy. things are not well enough to get to the plan we could immediately start seeing reopenings there across the country, they're slowing it down, keeping state of emergency in effect. depends on the country, even in this country, even the state and city. we'll keep you abreast of that. we'll keep you abreast of the shutdown with some opening. limited amount of production, but not going green light. grady trimble with the latest from illinois. grady? reporter: neil, there is a lot of meat at this butcher shop outside of chicago and they're not limiting how much each customer can by. this might explain why there is a line out the door, but as you know many grocery stores across the country put limits on meat purchases. one of the main reasons for that is the closure of all of those processing facilities.
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tyson though partially reopening the largest pork plant in the united states today. that is outside of waterloo, iowa, and there are some restrictions to keep workers safe. there is also an on sight site clinic at that location. at the same time tyson closing another pork processing plant, after 60% of the employees at the plant tested positive for the coronavirus. here at this shop there are some products hard to come by, namely bone-in pork products and bacon. you can't buy bone-in pork products here today but nonetheless the owner has been scouring suppliers and urging customers not to stockpile meat and not to overbuy. >> get what you need right now, maybe last next few weeks. you know, my guess, i don't have a crystal ball, but you know, just don't go crazy. not toilet paper. that is the joke around here, we've become the new toilet paper now.
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reporter: amid this meat shortage beyond meat stock is surging today. a lot of people seem to think that is a good alternative. that is plant-based but some people say, maybe it is not a good time to buy that stock because beyond meat is a lot more expensive than a regular burger patty. in the plant-based world impossible foods rolling out its impossible burger patty at 1700 kroger stores across the country. by the way we should note that liz claman in just a couple of hours has an exclusive interview with the ceo of impossible foods. neil? neil: thank you very much, my friend. grady trimble following all of that. charlie gasparino as you know has been keeping like a dog with a bone on this whole personal protection program, checks going out to a lot of folks, namely, you might recall for small businesses and a lot of others, sort of got looped into this, to think maybe they shouldn't have.
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now it is getting a little legally thorny here. charlie what is the latest? >> it looks like, the feds are definitely cracking down on abuses in the program. some are involving big banks whether they didn't hand out loans in timely fashion. maybe picking and choosing their customers. all banks are getting notices from congressional committees on that. the doj is looking at it as well. here is what is interesting about it, the doj at least in their initial focus, i'm getting this from senior bank executives, people have been in touch with the doj. here is what they're telling me, the crackdown is focusing on fraudulent claims by applicants, at least right now. what they believe is that there were significant fraud by applicants applying for ppp going to small businesses so they don't lay people off essentially survive until the lockdowns are over, pandemic lockdowns are over. federal government believe, bank
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believe there was significant abuse by that. what do i mean abuse. people showing up they own small businesses when they didn't. they owned a restaurant when they really didn't. they have 50 employees when they had zero. that is the type of stuff that from what i understand, doj is looking at as they talk to banks. ironically this part of the probe is likely not to impact the big banks. so if you own jpmorgan stock i don't think you have to worry about it or b-of-a or this part. why is that? ironically what the big banks got beat up on, know your customer rules, basically handing out loans to the known customers first before anybody else. obviously the loan money ran out, that will probably save them from this because these are people that banks felt had to get, just came, they applied for loans. they would not pass the know your customer rule at a jpmorgan for example. that is why this probe in particular is likely to focus on mid-sized and community banks
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who, as you know, were under pressure from the federal government to start lending, throwing money at the problem. the government warranted money out fast. they had very obtuse rules about lending. and they wanted it out fast, that you couldn't really do the know your customer due diligence that the big banks were doing. so that is where we are right now. it is fascinating that the banks got dinged early for not handing out money. they probably saved themselves at least some fraud charges because it looks like the fraud investigations are going to focus on banks who handed out money without doing very good due diligence on their customers. and neil, i don't know how many of these are out there, how many fraudulent loans are out there, how many people just made up their employees, but if you hear from the banks, at least, ones that are talking to the feds, there is, what they would term a significant amount of loans. i don't know how you live with yourself taking money, making stuff up and taking money from the federal government during
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this time but apparently that did happen. so we'll just have to see how this progresses but at least the initial focus on the, on the doj's part is on the applicant fraud. as we reported before, neil, there is, there are multiple investigations in congress among various congressional committees, bipartisan into the banks and their handling of the pp loan program. all banks are getting notices from various congressional committees. wells fargo essentially disclosed that today in a filing but i can tell you my sources at other banks they're getting similar inquiries. so it is interesting, the fingerpointing has begun. the doj, at least initially is focusing on applicants. if you lied on your application, they're going to want to find you, and they will want to prosecute you. neil, back to you. neil: all right, thank you very much. i heard charlie gasparino on that. it does make you wonder to charlie's point about future monies they want to provide to
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the program, that had a whole lot of demand, whether something gets in the way providing that. this is people with funds they shouldn't have. also giving you another little nugget from the cuomo press conference, this i did not report at the outset, his suspicion, that this whole virus started not this year, not as recently february or march but late back in 2019. governor cuomo there is no way to get a sense of the numbers, how it affected it. he expected sharply more cases and sadly more deaths than are being reported right now. stay with us. you're watching fox business. r . surprise! we renovated the guest room, so you can live with us. i'm good at my condo. well planned, well invested, well protected. voya. be confident to and through retirement.
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health care task force given the environment right now and the concerns that cases across the country are actually picking up a little steam. this was not the right time to do it. the president says that it is a little different now, that he will still look at the makeup of the task force, that we may add or subtract people to it as appropriate but he is not shutting it down anytime soon or dialing it back. at least that is what we're led to believe. blake burman on this, the fallout from this. hey, blake. reporter: hi, neil. led to believe today, you're exactly right today, there has been a bit of a reversal from the white house here in less than 24 hours time as to what the task force will look like and if it will even exist going forward here in the upcoming days and into weeks because yesterday afternoon the vice president mike pence acknowledged they were looking at phasing out the task force in upcoming weeks and dishing out responsibilities to different federal government agencies this was a direct quote from the vice president yesterday
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afternoon when asked about it, quote, he said i think we're having conversations about that and about what the proper time is for the task force to complete its work and for the ongoing efforts to take place on an agency by agency level and we've already begun to talk about a transition plan with fema. the vice president even suggesting that transition could happen at the end of may or even early june. there was a lot of questions as to why that would eventually take place within the task force and the white house and today a bit of a eversal, or at least a explanation or cleanup from the president as he sent out a series of tweets. i will go a to the back end much it, the president writing quote, because of the success, talking about calls with governors and everything else they have done the task force will continue indefinitely with its focus on safety and opening up our country again. we may add or subtract people to it as appropriate. the task force will also be very focused on vaccines and therapeutics. the president saying it will
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stay in place. might have a little bit of a different focus, especially a focus on the reopening of the country. neil, it is very clear that the president wants to keep at least one set of eyes or multiple set of eyes reopening the country because the economy, the numbers that we are seeing, saw some of it today, expecting bad numbers on friday, there was even this warning from one of the president's top economists kevin has sit when he spoke with maria bartiromo earlier this morning. up watch. >> i think q2 will be a massively negative number. my guess right now is minus 40%. then q3 will be a very, very large positive number because we're going from stops to not stopped. reporter: so, neil, right now, reporters are holding out side of an oval office with the president event honoring nurses. we expect to get some of his comments shortly. neil. neil: blake burman, thank you very much.
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i want to go to karl rove now. karl, the health care task force first, president dialing that back, smart move, what do you think? >> smart move. shouldn't have looked they were dialing down to begin with. when you go through something like this obviously over time the nature of the challenges being faced by such a white house task force is going to change. we're obviously entering a period unlike five, six weeks ago there will be more economic considerations than there were before. very smart not to continue along the path being sketched out yesterday. instead to very firmly say this is going to continue and continue indefinitely, albeit with a different focus and perhaps with some change of characters. the president has been advantaged by the fact as he talked about this, he had mike pence join him at the podium and dr. birx and dr. fauci and the surgeon general and the hhs secretary and other experts, that helped give the american people a better sense what is being done and a better sense of confidence.
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neil: what did you make of what he was saying about personnel there? might add people, take people away, i'm paraphrasing here. who would he take away i wonder? >> again, i don't know. people who maybe who are connected with the preparation of the various recovery acts. there might be fewer of them, i have don't know. there may be people who are more concerned with mitigation efforts. there might be fewer of them and more people concerned with vaccines and potential of a second wave. i think that, look, these things go through those kind of phases, whether it is in the aftermath of katrina, or whether it was aftermath of 9/11. the kind of white house task forces charged with working on these projects tend to evolve and change over time as the nature of what they're attempting to do changes as well. neil: real quickly, karl, while i have you here, governor cuomo said before wrapping up his remarks, states that are sort of reopening things as you're seeing an incline, increase in
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cases are making a mistake but a good number of states are. they're looking at number of different criteria. i don't know what the criteria is for example, in texas but what do you make of him saying this rush could be a big regret? >> well, we don't know what we don't know. i like being lectured by governor cuomo who, wasn't he the guy who approved sending covid-19 patients into nursing homes because they had available beds? look individual governors know better for their states what needs to be done in their states and i know governor abbott in texas is looking at, yes, he recognizes that we're likely to have more cases, in part because we're testing more but also because we're opening up but he is also looking at the critical element, do we have the capacity to handle more cases that need to be put into our hospitals? and the answer is yes. i was talking to one of members of his recovery commission, health care facilities in dallas, hundreds of available beds are completely shut down
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for elective procedures, had three covid patients at the time this particular member of the recovery commission was talking to administrators of the hospital and hundreds vacant. we've got the capacity. the governor is saying, at least in texas, let's take a measured, responsible approach to this, encourage social distancing, sanitary procedures and so forth but let's begin to renew our economy because we have the capacity to handle the problem. neil: karl rove, thank you very much, my friend. always good chatting with you. karl rove in austin, texas. >> thank you, neil. neil: we're following the remarks and various other governors are doing as they plan to expand on reopenings here, eye on number of cases in respective areas. optimism, this would be hard to find, if you think about it, the bond market is doing so well today, even in the face of the awful adp report. 10-year for example, inching back over .7%. still a very low number. back to levels it was at in the
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middle of april. keep in mind, there is soon to be issuance of a 20 year bond to pay for all this government spending. we don't have a quote on it or issuance rate. what we will tell you it will fund $3 trillion worth of additional federal buying, big government buying at that. more after this. ♪. i wanted more from my copd medicine that's why i've got the power of 1, 2, 3 medicines with trelegy.
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neil: well, we do know that walt disney world, or disneyland in the united states they ain't opening anytime soon but at least in shanghai they're considering it, a lot sooner than you think. benjamin hall in london with latest on that. benjamin, it sounds pretty soon. reporter: it does indeed. china we're starting to see china across the board reopening economy. it started with the main industrial factories, moving forward, we're seeing less essential services reopening.
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among them disney world shanghai which will reopen on monday. disney theme parks have taken a billion dollar hit this quarter and are desperate to reopen. the one in shanghai will be a trial for rest of them. china restricted it to 30% capacity. disney says they will initially start well below that to try safety procedures. among them guests will be required to purchase administration tickets in advance. guests, employees will be required to wear masks. temperatures will be screened, the park will use government issued contact tracing app and early detection system being used elsewhere in china. across the country children in wuhan filed back into class today wearing masks, walking through thermal scanners on way in. only senior school people at the moment and all students and staff must have virus tests before returning that is the same for many industries. china's major industries
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gradually getting back to normal bejing parks and museums opened last friday. also government sanctioned 30% capacity. china has reported no new deaths for 21 days after more than 4500 were reported to have died in all but those figures are being questioned by some. china has a very different political and different economic system to the u.s. experts are saying it is a model to look at for some indication how best to do it, starting with industry, starting with factories, moving forward to services, essential once. one thing is true all countries are looking to open up as quickly as possible but safely as possible. neil. neil: benjamin hall, thank you very much, my friend. we have a lot more coming up what is happening in the markets here. they're at dead-even point of all of this. we'll be following what stocks are moving what are not, interest rates backed up a little bit today, on the notion maybe benjamin touched on right
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there, if things slowly reopen on china where all this started in our country, where it picked up steam, maybe all of this is good, for now. stay with us. 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. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us.
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♪. neil: all right. you can add michigan now to the state has are allowing things to slowly loosen up in their respective states. in the case of michigan some aspect of construction will be allowed starting tomorrow but there are a lot more people saying you have got to do a lot more than that, governor, including my next guest, nolan finley, the "detroit news" editorial page editor. crackerjack writer at that, gets right to the subject. nolan, i hope your health of you and your family is well. >> thank you. neil: i want your take -- very good. your take what the governor is doing here, very slowly, very tentatively cautiously reopening but you say not fast enough, right? >> well, she is not reopening with enough common sense i guess is what i'd say. there are areas in the state that are still being hit hard and need perhaps to be under a little tighter shutdown. there are areas in the state that haven't been hit at all yet
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everybody is operating under the same blanket orders. the state legislature went to court this morning, filed a suit to try to gain some sort of oversight over her powers. last week she unilaterally extended her emergency powers, cut the legislature out all together. so nobody really knows, you know, how long, how long this is going to last and what are the criteria for ending it? i don't think anyone disagrees that we need some sort of stay-at-home order in place now but there are industries that could reopen safely, including much of the manufacturing segment that aren't being allowed to reopen. hospitals in rural areas, particularly, are worried that they're going to go out of business in the next few days if they can't start doing elective surgeries again. so you have a whole realm of
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business applying pressure saying we have got to have some relief here other we're not going to be around when and if this ends. neil: surprised, nolan, that the hospitals that are forced maybe lay off people because you can't do these elective surgeries what have you, the irony in this environment, health care workers are in huge demand, their hands are tied and now their jobs are gone? >> those hospitals closed f they can't restaff, the long-term health of michigan residents will be placed at risk. you know, you have hospitals that haven't had a single covid case, do elective surgeries, can't do screenings, can't do cancer screenings, what will be impact on those people if they can't get their chronic diseases treated. the detroit mayor, said even in detroit, we have empty hospital
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beds, we need to start with people with chronic conditions and do elective surgeries so the hospitals can take in the revenue they need to take the doors open. neil: governor gretchen whitmer argued she is trying to keep the public safe. a lot of cynics have read into what she is doing is get joe biden's attention, maybe make a case to be his running mate. you're closer to this than i am. how is she faring on that front? is she still, as far as you know, given, how she is reacted to this, deserving to be on that short list? >> well, i never felt she was qualified to be vice president and one heartbeat away from the presidency. her resume' is not deep enough. her ability to work with the legislature since she came into office has, would not recommend her for a position in which i think the country is demanding a lot more bipartisanship from.
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so, yeah, no, i don't think she is qualified but that doesn't seem to be the criteria joe biden is using in vetting and screening his vice-presidential picks. neil: yeah. so much we don't know. we'll watch closely. nolan finley, good catching up with you. stay well. much keep writing, nolan finley the "detroit news" editorial page editor. sin that synthesizes things clearly and distinctly that it gets through my thick skull. the new jersey governor the latest to say, we're taking this cautiously and we're taking this very slowly, after this. ♪ insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.
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neil: you know, on a day we heard about a record number of private sector payroll jobs careening more than 20 million of them lost in the month of april, double what we lost during the great recession, then you hear airbnb cutting 25% of its work force, uber, 3700 full-time workers, enter the gap, which is apparently filling the good news gap by announcing it will reopen roughly 800 north american stores in may, beginning this weekend, a handful of locations in texas,
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where we are going to go very very shortly. in texas, you might recall that woman got a lot of press when she said she was going to continue with her salon even though, even though the governor had said you can't do it. this is why she said no, i am going to do it. you chose not to wait until may 18th, right? you know of other salons that have followed suit? >> absolutely. there's salons and businesses across the nation that are opening because we decided to take a stand and all they're doing is saying you know, it's my right to open and it's my right to feed my family. what else are they going to do, like if they take my bliusiness license i'm going to lose it anyway. neil: well, she had to go to court over that and it didn't work out the way maybe she wanted to. we have more from denver. reporter: yeah, restaurants and
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retail have been open for a few days but that's been it and as you mentioned, that dallas salon owner has been making headlines since she reopened two weeks ago. now she's been sentenced to seven days behind bars. if only that salon owner had waited just a few more days, because on friday, barber shops, spas and salons across the state are legally allowed to reopen their doors. but with restrictions, masks or face coverings are encouraged, as are appointments, according to the governor's executive order. only one client per stylist is allowed inside the shop at one time and social distancing measures are recommended. on may 18th, gyms are allowed to open at 25% capacity. similar to the rules in place for retail and dine-in restaurants. locker rooms will remain closed for the time being, the equipment must be sanitized after each use and people must wear gloves. office buildings are also allowed to reopen on that date, bringing back 25% of the work force. so long as employees can keep a distance of six feet apart.
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this next phase of reopening texas comes at a time when data has shown an overall daily increase of both deaths and new positive cases. more than 33,000 people have been infected with coronavirus and more than 900 people have died. however, governor abbott says despite those numbers, the state still has plenty of icu beds and ventilators available should they be needed. >> we are testing more people, even though more people are testing positive, even though hospitalization rates -- hospitalization numbers fluctuate, the hospitalization rate has remained steady or steadily declining. reporter: and later today, a treat in texas. the blue angels plan to do a flyover in dallas, houston and new orleans to thank all the workers on the front lines. neil? neil: all right. thank you very much for that report. in the meantime, we should let
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you know we are monitoring the white house. the president has just called a reporter pool into the oval office. he's meeting with a number of nurses there and talking about them being on the front lines of this, commemorating and thanking them for all their hard work. when they leave that with the tape or whatever it is now, digitized, we will play it back for you. in the meantime, the president looking at an outcry of concern when he announced he was phasing out or slowly shutting down the health care task force, kind of reversing himself a little right now, keeping it open. that was a bit of a breather for the markets, many of whom might have been a little concerned there would be no one at the medical rudder. that might have been overkill on this. nevertheless, he's keeping the lights on for the health care task force, maybe looking at members down the road, but it's still there. relief for the markets. lauren simonetti on that and much more on this busy market day. lauren? lauren: hey, neil. that's exactly right.
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stocks had been higher on this renewed optimism of the economy reopening and doing so in a safe way but i want you to take a look at this chart right here, because you can see exactly where secretary of state pompeo, this is when the market dipped into the red, renewed his criticism on china and their handling of the coronavirus and that raised concerns from wall street that new tariffs could be slapped on beijing. so it's been a very choppy session. looking at the dow and the s&p 500. let's flip to oil, down about 5% at last check but it had been up five days in a row. you know, this story, where is demand headed, confirmed by the adp private sector jobs report that we got earlier today. more than 20,0 million private sector jobs lost last month. those are 20 million people not commuting to work as the economy has shut down. where is the demand for oil? so oil giving back recent gains today. take a look at the treasury yield. it did hit its highest level since april 15th.
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treasury will sell 20-year notes for the first time since the 1980s. the yield is at .72%. they need to fund all this coronavirus relief money that's being thrown out there. technology to the rescue once again. the nasdaq is the big winner of the three major averages today. it's actually the only positive sector year to date. take a look at apple. it is back above $300 a share. this is how we exist staying at home, right? we connect with the world using technology. so these have been winners. finally, the cruise lines are looking to set sail this summer but of course, that's waiting on the cdc to lift the no sail order and also to give guidelines. those guidelines could include maybe if you want to cruise, if you want to take advantage of, get this, carnival selling a cruise for $28 a day, you need a doctor's note proving that you are healthy and not at risk.
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restricted occupancy in the dining rooms, in the gyms, in the theaters. what about the ports of call? what ports are going to say yeah, we will welcome all these foreign tourists into our city, on to our beach? we don't know. i can tell you this, neil. i'm pretty certain the self-serve buffet, i know you like that, it's not going to exist. neil: yeah. i don't know. in this environment, i'm worried. there are a lot of implications that people aren't going to rush. thank you very much. lauren simonetti making her final appearance on this show. thank you very much for that. meantime -- kidding, kidding. we were showing a ten-year quote. there is no quote for the 20-year bond. that's a new issuance. first time since ronald reagan, i believe, was president when they issued that and it will finance the debt, $3 trillion of it or largely that. that's something that in a
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perverse way, will get a lot of attention but the chinese are big buyers of this stuff. so we are deeper in the hole appear china and china is going to pick up the financial slack. it's just weird. lenore hopkins, if you are going to be stuck anywhere during something like this, there are worse places to be than como, italy. she joins us from there. italy is rounding the bend, i guess, but it's been a bumpy kind of recovery. how are things there now? how are you doing? >> well, yes. so this week was the first week that they started lightening up the lockdown. monday was the first time that i could actually go for a walk, where i wasn't just walking to go get groceries or medicine. that was a pretty exciting day for us. but overall, the economy is in utter shambles and speaking of como, the mayor of the town
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where george clooney has his villa, they got on facebook making a plea to please come this summer. neil: you know, what is it like there? they slowly ease the lockdown but not completely, right? then i hear about spain keeping emergency measures in effect for another two weeks, i guess, because there have been a spike in cases. what's the situation by you? >> so there's not a whole lot has changed, actually, since the extremes of the lockdown. if you go outside, you have to still wear a mask. when you go into a grocery store, you have to wear a mask. they give you gloves and they only allow a very small number in at a time. all the restaurants are still closed. all retail shops are still closed. as you were just discussing earlier, the salons here are still all closed. i haven't had a haircut since january. so not much has really changed here other than you can go for a walk or you can go for a run
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outside. neil: it's a nice place to go for a walk or a run so i wish you well. stay well. thank you very very much. lenore hawkins. q. we want t we want to let you know what's happening in new jersey. the governor is having a press conference right now. phil murphy saying this executive order is extended for public health emergency by another 30 days. i don't know if that applies for the entire state beyond the may 15th to take it to june 15th, or what he's saying here, the emergency order, by the way, has said non-essential workers best stay home. that's a literal reading of it. he might be liberalizing that somewhat for different parts of the state but it's a very densely packed state so what you do in the northern parts, say sussex versus bergen county very very different. but keeping that in place for at least another 30 days, to june
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15th. if he is coordinating with the governor of new york, who hasn't tipped his hand but did seem to telegraph that at least new york city metropolitan area won't be opening on may 15th, maybe other parts of the state will, this could be a sign that at least with these states in the northeast, it's going to delay somewhat. the read on all this from senator lamar alexander from tennessee. tennessee's a different case, i know. how are things going there in terms of slow reopening and where things are going? >> well, it's slow. people are hurt because of the shutdown, they are scared because of the horrifying news we see all day, every day, but our governor's handled it very well and we are beginning to open up. elective surgeries are starting. that's the most common sense thing we can do. there's no need to shut down a rural hospital with no covid cases and cut out their source of income. so we are starting to open up and using common sense procedures and there's good support for the governor's
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action. neil: senator, what do you think of governor cuomo of new york had said states that try to do this when they are seeing an increase in cases, that might not be the best idea. do you agree with that? >> i think governor cuomo should stick to new york and let govern joe l or lee stick to tennessee. they're all different. we don't have new york city in tennessee and we wouldn't presume to advise him about how to deal with that. we have a different set of circumstances. we are testing higher than most states and beginning to reopen, beginning the to restore the economy. we have enough by focusing on our own state. neil: how do you think this will all sort out? i notice some states will have delays, what you are seeing in tennessee, and there's a concern about a spike in national cases. it differs obviously by state. but could this be a slow going here?
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do you worry about the v-shaped recovery the president hopes for might not materialize? >> sure. it all depends on three words. test, treatments and vaccines. what we know about tests, we are having a hearing tomorrow about an effort that we funded to create millions of new diagnostic tests so you can go back to school and back to work. we will have -- want to test whole classes more than once, whole prisons, whole nursing homes, whole factories to give people the confidence to go back to work, then to identify the people who are sick and exposed and quarantine them so we don't have to quarantine everybody. so as soon as we can do that, we will be able to go back to work more quickly, then we expect treatments in the summer and then very optimistically, maybe vaccines by the end of the year. that's when we will get back to school and work. neil: are you encouraged the president kind of pivoted a little bit on his health care task force, that he's not going to disband it or ease it up
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right now? there had been some hints that maybe he was. but he's not. how do you feel about that? >> well, the president -- i think the president should continue to be president. he should let the experts, dr. birx, dr. fauci, secretary azar and others, francis collins of the national institutes of health, do the talking and do their jobs. i think there's a risk that the task force was spending so much time meeting that it wasn't having enough time to focus on, for example, how do we review 1,000 applications for an early stage concept for a new idea that will create tens of millions of new diagnostic tests. so i think his instinct was probably pretty good. he goes back to be president, the vice president is present, let the experts do the talking and let them run the agencies. neil: all right. senator, very good catching up with you. good health to you, your family, your constituents. be well, sir. thank you. >> and to you. neil: we are getting a little bit more detail when it comes to what they are planning in new
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jersey. for those of you who just joined us, it looks, i stress looks because i'm making this leap, i could be wrong, that emergency measures will stay in place in the garden state for another 30 days. in other words, they were supposed to ease up sheltering provisions on may 15th. by my read, if the emergency measures stay in effect, those include sheltering provisions, the garden state will keep this going until at least june 15th. separately, we are getting a read from the world health organization on the wire saying that the risk of returning to a lockdown remains very real. they are talking about the entire globe, if social distancing is eased too soon. there are distancing measures in effect in places like new jersey, all across the country. they remain in effect for most of the states, for example, that are reopening, as you heard from lenore hawkins, in places like italy they remain in effect. in spain, they remain in effect. in fact, they are clamping down on them. in places like the new york metropolitan area, are you looking at the avenue of the
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neil: all right. you can count texas governor abbott a little stunned at shelly luther now having to spend seven days in jail, that it was excessive in his eyes, when a judge said for violating the restrictions on salons and doing business. you might recall that she took her business outside of the sidewalk. we talked to her and i even raised the possibility that she would be fined or punished. she didn't care. she was making a statement, she had apparently sympathetic support from the governor. nevertheless, she will spend the next seven days in jail to think about what she did. she told the judge today she's proud of what she did. all right. we will take a very very close look at that. also want to bring in dr. robert robbins, university of
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arizona president, but more importantly, he's a cardiac surgeon. so he has that idea of keeping the university or getting it reopened and being cognizant of the medical issues that are involved in that. doctor, good to have you. you have decided, sir, i believe, that the fall academic year is on, is that right? >> yes, neil, it is. thanks for inviting me on your show. we are planning to return at the end of august for september. we have 45,000 students, 15,000 faculty and staff and our plans right now, of course, things can change depending on what the public health situation is, but we're planning on reopening face-to-face classes for our fall semester. neil: now, a lot of schools are still juggling back and forth, as you know, when is the time to do it. many considering whether we do
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this virtually. you have gone this route, in-person classes, and what has the reaction been? >> well, i think there's been overwhelming desire on the part of the students, their parents. you can imagine the parents are obviously very concerned about their children's safety, but we want to get our community back together and move on. it's going to look very very different, because we will have severe social distancing, people wearing masks, we are going to do testing, we are going to do contact tracing and we are going to treat those that are positive. we are going to bring back the old idea of an infirmary for those that are too sick to stay in their isolation room by themselves, but not sick enough to go to a hospital. so we are really going to test people. we have developed our own
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antibody test. we are making our own swabs for viral testing. so we try to control our own destiny and make it as safe as we possibly can for our students, faculty and staff to return to campus in the fall. neil: how do you do that? you have a big school, i think it's 45,000 students. that's big, man. how do you retrofit dorms and adjust that, dining halls, even classrooms, keeping distancing features in mind? >> yeah. so we've got about 110 days. we've got a task force that, you know, universities are really, have all the expertise and domain expertise, anything from public health to medicine to law to business, engineering, so we're not going [ inaudible ]. we've got to make the decision about having potentially single
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occupancy rooms. we'll have to have classrooms, our big for instance general education classes that will have 200 people sometimes, we would have to cut those down and have part of our students going to class maybe virtually. the biggest risk that i think we have are our older staff and faculty members who have co-morbidities, are at risk of getting this infection. i can envision, we are trying to work all these issues out and we will be having weekly press conferences leading up to the opening, but i can imagine maybe for instance one of our faculty members who had an organ transplant that would teach their class virtually to a classroom of reduced, socially distant students with teaching assistant or proctor in the room to help with discussion. so we're trying to work all this out. but we know that there's going
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to be risk. we think we can take care of our students, faculty and staff. neil: one final quick question, then. does that mean if you are spreading kids out, and you might have, you know, one in a room in a dorm versus the normal two or whatever, that fewer kids can come back? >> well, we have about, of that 45,000 students, about eight to nine live in our residential housing. you know, a lot of them are off campus so we are going to have to look at the numbers and find out. i think there will be off-campus housing available, but we still don't know how many students are going to take us up on coming back. certainly our international population, we've got -- we have launched this really aggressive global campus to take care of international students. we've got 100 sites around the world that international students who want to come to
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tucson and the university of arizona can start at one of our locations around the world and then once the country opens back up, they can come in. we think this is a very novel progressive way to deal with our international students. but a lot of students going to want to stay at home and not come from out of state. we get a lot of california, new york, illinois, texas students so we don't know how many of them will choose to come back. we are trying to figure all that out. but 110 days to go. we are working really hard to make it safe which is the most important thing for our students to experience an on-campus educational experience. neil: they've got the right guy juggling it, a cardiac surgeon by training, now the president of the university of arizona. dr. robert robbins, we wish you well. thank you very much for taking the time. as the good doctor was sort of outlining what they are going to do there, we are waiting to hear from other big schools and
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whether this leads to them considering the same thing, open up as usual in the fall, but with a number of precautions and measures like people wearing masks, honoring distancing provisions, partial sheltering in dorm rooms that might typically have had two kids, now to one. that has to be ironed out and there's not a whole lot of time to iron that out. we have been following phil murphy of new jersey and i don't want to confuse anyone so i don't want to elaborate on m so of the plans he's made, but these emergency measures will remain in effect. you are looking at the governor outlining a spike in cases in the state even though the trend has been the garden state's friend but it does seem to apply here that an easing up on these restrictions that were to expire on the 15th will be pushed back upwards of at least a month. that's what we do know. what we don't is the details and who will do what and when and ease up and where. more after this. look, this isn't my first rodeo...
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neil: we are fleshing out a little more detail that we are getting from new jersey governor phil murphy. this takes on special importance because new jersey has the second highest number of cases and tragically, deaths in the nation behind only new york. so its reopening plans are easing its shelter in place, stay-at-home plan more skrocrut because it's been impacted more than most states in this country. clarification coming from the governor that these emergency orders kick in for 30 days from today so that would put us to around the june 6 period. quoting from him, i'm signing an executive order to extend our public health emergency by 30 days. to be clear, this does not mean we are seeing anything in the data which would pause our path forward.
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these declarations unless extended expire after 30 days. again, that would be 30 days from now. we are still in a public health emergency. so for those in the garden state who were hoping things would ease up on may 15th, it ain't happening. plan on this going until at least june 6th. we will keep you posted on that. these are among the reasons why, when we have economic adviser kevin hassett on with maria bartiromo, he doesn't expect the economy to shake this stuff off any time soon. in fact, he predicted with maria the second quarter gdp could collapse as much as 40%. that would be easily a record here. but he does see a rebound soon after that. now, complicating that is this ongoing friction we have with china over what they knew and what they were saying about the coronavirus and whether we can ever trust them even on those trade deals and what's in peril there. edward lawrence with more on that. reporter: hey, neil, yeah, ongoing and escalating back-and-forth with china there. almost in one voice, from the
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u.s. trade representative's office to the white house, the u.s. is expressing to china they have to follow what they agreed to in the phase one trade deal that was signed. that includes buying $200 billion worth of goods and services from the united states. now, within that is agriculture. in the first three months of this year, chinese data shows there is a spike in soybeans, for example, 210%, it was up. but by the end of march, things weakened and the u.s. department of agriculture shows that no shipments to china went of soybeans for two weeks in march. in april, the export data shows very few soybeans were shipped. a senior u.s. trade representative official told me that their office is talking with china to stay on track with those purchases. the administration watching this closely as the president mulls over additional tariffs for what he sees as china holding back information on the coronavirus in those early stages. in fact, today, secretary of state mike pompeo voicing frustration, ripping into china,
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which would further complicate implementing a phase one trade deal. listen to this. >> the chinese communist party misled the world. that is, they knew more and they didn't share that and they had an obligation to do so under the international health regulations that they are required to adhere to under the world health obligation, world health organization's rules. they didn't do that. reporter: he's calling for an investigation and china may not be happy with that. lobby groups are also saying that they are seeing some parts of the financial services section of this agreement in the phase one deal not being implemented because no guidelines have been released by china. there's a little frustration there. i can confirm that conversation between the u.s. trade representative officials there and their counterparts in china are ongoing to try and work out these differences and issues related to this phase one trade deal. but now the politics again may
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complicate things as the white house putting more pressure on china. back to you. neil: all right. edward, thank you very much. i want to get the read first on this, it's a breaking news development here as edward was saying with senator roger wicker, republican senator from mississippi. senator, i do want to talk about other things but this growing tension with china and how it could complicate the whole trade deal and promises china's made, which might not be worth much more than the paper they're printed on, are you worried this whole relationship is falling apart? >> well, china has done plenty to make us suspicious but i don't see any reason why we shouldn't go ahead and hold them to the agreements they've made in trade. actually, trade benefits both countries and there's no sense in us hurting ourselves or even the chinese hurting their own economy by not coming through with this. clearly, the virus has changed the equation and we have to understand that. but my hope would be that it can
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be resolved and we move forward. neil: senator, a lot of industries are hurting. the airline industry, as you know, loses upwards of $10 billion a month. traffic still plummeting. they are doing anything and everything to make up for that. do you suspect, i know there's going to be hearings on this issue, that whatever they were given, whatever stimulus they were given, isn't enough? >> well, we are going to have a hearing within the hour about that, and i do expect we will hear -- the view will be expressed that more needs to be done. but that's the reason we're having the hearing. we do know that the industry's in the tank. business is down 95% in the airlines. approximately 12 persons per commercial flight. and we can't sustain that.
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so we are going to hear what they have to say today as well as airports and other people involved in the aviation industry. it's part of our oversight. we will see what they ask, but i expect they will want some flexibility in money that's already been set aside but has not yet been spent, and i wouldn't be surprised if they ask for more and it's something we have to make a decision about. $3 trillion added to the national debt is a lot of money. that being said, i think that money was necessary. is another big tranche going to give us that much help to the economy when there's a lot that still hasn't been allocated or actually hasn't made it to the job creators and employers and workers. neil: yeah. it takes time for that kind of money to filter through the system. we will watch it closely, senator. be well, be safe. very good having you on. senator roger wicker of
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mississippi. we have been monitoring the president's remarks meeting with top nurses at the white house right now, which he did address this task force, health care task force amid fears he was talking yesterday about winding it down or even shutting it down, that he seemed to indicate that was way overstated. he's only looking at keeping it open and productive for as long as it takes, and he might add some personnel but he didn't add who that personnel might be coming or who among that personnel might be leaving. after this. ♪ ♪ ♪ ♪ ♪ ♪
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♪ 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.
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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. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. neil: all right. you know gas prices are awfully cheap but apparently aaa says they are going to rise as more people get out of their homes.
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that would seem to make sense on the demand side but how does it pan out and how much are we looking at? jeff flock following all of this from portage, indiana. hey, jeff. reporter: hi, neil. at nations newest national park, standing on top of a sand dune. this is the indiana dunes national park, soaring dunes that stretch out along lake michigan. beautiful place. beautiful place to commune with nature. yeah, why i'm here, lot of people think these kind of locations are going to draw a lot more attention this summer mainly because of what you just mentioned. even if gas prices go up from where we are now which is about $1.79, i think, national average, we are still going to have pretty cheap gas this summer. you combine that with folks' reticence to travel as a result of coronavirus and what does that equal? lot of people think that equals staycations. yeah. in fact, even the airlines guys, the fellow that founded jetblue, he says this is going to be the
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year of the car. i think maybe this is something you remember, he put it like the '50s. we will see the usa in our chevrolet. i'm old enough to remember dinah shore singing that song. if you don't know who that is, i urge you to look her up. she had a lot of spirit. at any rate, it's something, this whole staycation notion, the experts who follow the travel industry say is a for-sure this summer. listen. >> people are going to be looking closer to home. they are going to be looking at these domestic destinations and i think in particular, people are going to be looking to those outdoor destinations, those wide open spaces where they can more easily, more naturally socially distance when they start traveling again. reporter: as you can see perhaps, very easy to social distance out here. i don't know, i'm more likely to be bitten by a beaver or something than i am to catch coronavirus out here in the indiana dunes national park. neil?
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neil: i would never associate indiana with the dunes but i didn't even think of lake michigan, all that. all right, thank you, my friend. and the dinah shore reference, very much appreciated. you get to a certain age like he and i, that's what you do. that's what's expected. we are going to continue to follow this, get a little more updates on what states are planning to do as again, they start these easing measures here. but very tentatively. this of course as we are getting news out of europe that they have bumps along the way. that's to be expected. more after this. - hey, can i... - safe drivers save 40%!!! guys! guys! safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! safe drivers do save 40%. click or call for a quote today. sprinting past every leak in our softest, smoothest fabric. she's confident, protected, her strength respected.
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you know the other guy, as well. this is a wonderful thing to do. i'm wondering, you were in good company, i was looking at some of the people that were participating in this, online event. floyd mayweather, rob gronkowski, ninja, the big gamer. shaquille o'neal. how did you guys do that? >> you want to take it? >> yeah, sure. i mean, i think i was in the music industry for a long time. i just called everybody i knew and i said hey, we got to help people, man. the boys and girls club needs some help. i called everybody i knew. i challenged gary publicly, i challenged him on my instagram and he responded and we just got together and things just clicked and we kicked some butt. neil: what made you do it, gary? >> you know, i was just going to say, we can do it for charity, especially this time. charity's just a big thing for
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us. we love it. this thing is so big and jeremy had put together this amazing dream team and you know, everything for the boys and girls club. it was just going to be huge and the impact, to be able to feed our children during this time, people that are depending on meals and with the government shut down, you know, jeremy just stepped up and put it together and it's just what we're supposed to do. i was honored to do it. neil: well, it's a good deed, to put it mildly. i know it helps americares as well. i would be curious, you are getting all these conflicting reports out of states, some are reopening, others a little more slowly, others virtually not at all. how are you just dealing with this? because a lot of people keep worrying about the virus itself, when they do get back to work, is it a danger? what do you think of it all? >> i mean, i'm just blessed enough to do what i do from home. there's a lot of companies going out of business that my heart
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breaks for them. there's a lot of people scared and just really don't know how to react like, you know, is what we're hearing real here, is this real over here. there are so many conflicting reports. i think things are going to get better. i think we're a really powerful country. we have always been the leader and i think that we are going to step up and going to step out and fight this thing, and life will move on. people will get better. we will lose a lot of lives which is awful, but this is also going to unite a lot of people. the more i have been working with these charities, the more i realize people are really willing to step up and really help their communities. i couldn't be more proud to be involved in something like this. neil: what i notice about both of you is that it draws conservatives and liberals, young and old, republicans and democrats, we all, you know, we all share the same blood, right, and we all look after each other. i just hope, hope that kind of thing lasts, right? >> yeah. absolutely.
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it's an american thing. it's a worldwide american thing. it's not right/left, whatever. we're all in it together and you know, we got to do it. >> everybody is suffering right now. neil: i hear you. gary, i was thinking of you because you talked about, jeremy touched on it, when people go out and leave their homes, they might be a little -- there's going to be some distancing provisions, you know, even when it comes to restaurants, theaters. for all i know, concert venues. i'm wondering for rascal flatts, what does it mean if you get to a venue or have a concert or whatever, fewer people can get to that venue? we are getting way ahead of ourselves, obviously, but it will change entertainment, do you think? >> you know, it is for awhile, for sure. you know, i think right now, i think everybody's trying to put it together so you know, like with us, with rascal flatts, half of our tour was already on
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sale so i guess with live nation and ticketmaster and everything so they are refunding money now and really, we don't know because we are kind of in the phase four state, what it looks like, everybody talks about on fox and what's going on, it looks like we might not be able to go back on tour until there is a vaccine and that's 12 to 18 months or whenever that happens. so we are really just trying to figure, we are just kind of walking through the dark trying to figure it out right now. you know, i think, you know, i think it would be a miracle if anybody toured this year, to be honest with you. >> we are working on stuff. look, i'm not going to blow a surprise but i can tell you that me and gary are working on something that's going to blow people's hair back. neil: oh! >> imagine what that would look like with rascal flatts. >> we got something going on, neil. we got a little thing going on, brother. neil: all right. all right.
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you're teasing me. >> we're getting ready to put something together for the local boys and girls club in my hometown in waterloo, maine. working with ken walsh there. we are getting ready to do some really cool stuff. by the way, on top of this, gary is really going to be on top of social media, like doing some really cool stuff and getting his social presence really up to par, because people love to see him and love to see him sing, and when he posted that video, it got a massive amount of views. neil: absolutely. both of you guys. both of you guys. i want to thank you guys. >> neil, jeremy's trying to out-sing me, man, on my own song. neil: he was killing it. all right, guys, thank you both very much. singing and all. we will have a lot more after this. . . .
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country again. we're the most successful economy in history for any country anywhere in the world. then they came, i was sitting right here, they said, sir, we're going to have to close it. i said, close what? basically we have to close our country. just like you said with the, with the, i said, is it important that they not be together? it is not a question, right? it is not a question. you can't have the family together, it is so sad. so anyway we did something, we did the right move, we saved millions of lives by doing what we did but it is unbelievably tough for our country and most countries throughout the world did something similar. but this affect the 182, 184 countries and it's a very sad thing, very sad thing. so we're keeping the task force for a period of time. i look forward to when we can close the task force, then the
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job will be essentially hopefully over, mike, right? you have done a fantastic job. reporter: mr. president? >> yes. reporter: can you explain the change between what you said yesterday about winding down the task force and -- [inaudible] different from what you said yesterday? >> well i guess if you think we're always winding it down but a question what the end point is, but i think it is a change, a little bit. i thought we could wind it down sooner but, i had no idea how popular the task force is until actually yesterday, when i started talking about winding it down i got calls from very respected people saying i think it would be better to keep it going. it has done such a good job. it is a respected task force. it is, i, i knew it myself. i didn't know whether or not it was appreciated by the public but it is appreciated by the public. you look at the job we've done on everything, on supplies, on
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