the tank, we have a roping rally for the stock market. why? investors see the recovery coming. they rather like the trillions pumped into the economy by the fed. i'm done. neil, it is yours. neil: you're right, as you were saying sometime ago, the markets long past going day by day economic numbers. they're moving past that. they're moving on to the light they see at the en. tunnel. we'll see. stuart, a lot going on here. what is happening out of new york, encouraging developments we're getting from andrew cuomo, the governor from new york. the latest one with hospitalizations. i sound like a dog with a bone on that. that is forward indicator. hospitalizations are stablizing. they came in 8600 on may 6th, down substantially from more than 9100 a day earlier.

that trend remains the empire state's trend. never mind deaths and overall cases are stubbornly high. the trend is the improvement. we were up a lot on major market averages. as you heard from stuart, the nasdaq now in positive territory for the year. dow jones industrials, s&p 500, sprinting ahead, with the dow down 50% on the year. really recouped losses. nasdaq over 9,000. that is startling development as technology continues to be own a tear. it got a little bit of extra spring in the test with news out of new york that hospitalizations are continuing a favorable trend. for more on that, david lee miller in new york, with the latest what is happening there. david lee? reporter: hi, neil, in the words ever the governor we're now on the other side of the mountain but he said it is a slow decline. as you so rightly point out the number of covid-related

hospitalizations are down. the latest daily death toll in new york state, now 231. that is one less than the day before. that includes some 40 people who died in nursing homes in new york state. the governor underscored the top priority now is going to be protecting essential workers and he said that the state is aggressively testing those who are on the front line. he said that 27,000 health care workers have now been tested for antibodies. then he had some good news. he said the infection rate compared to the general population was much less. he called that amazing good news. one of the statistics cited, new york city, 12%, for the health care workers, 19% for the general population. the governor said shows how important things like masks, gloves, sanitizers are and following protocol. meanwhile new york mayor bill de blasio says the city will soon start antibody testing for 140,000 first-responders as well as 140,000 everyday

new yorkers to learn more about the spread of the disease. general population will start with 5000 people every day. the focus will be on hard-hit areas. officials will obtain demographic data such as employment information. the mayor blamed the spread of the disease on lack of early testing. coincidentally, researchers at yale in early march say that people were infected with the virus in the new york city area traveled to other parts of the country and infected others. again, mayor de blasio pled for washington for financial assistance, that the city faces a $7.4 billion deficit of the virus, accused the president trump offering to help the wealthy while ignoring needs of first-responders. >> unbelievely wrong. it is inappropriate. it is inhuman. literally imagine a rich wanting to take care of other rich guys rather than cops, firefighters and nurses. unbelievable, we're seeing things in this crisis you can't even believe are coming out of

the mouth of the president of the united states. reporter: lastly, now, a mystery illness that is believed to be the linked to the virus sent some 64 kids to the hospital. the symptoms include rash, fever, abdominal pain that resemble toxic shock syndrome or kawasaki disease. the state health department says this, this disorder can affect children days to weeks, neil, after they have recovered from covid-19. there are similar reports of children suffering with the same symptoms in europe as well as elsewhere. doctors now trying to figure out what that link, if there is one, between what these kids are experiencing and the virus. neil? neil: david lee miller, thank you very, very much. big apple in new york, one of the last states right now to indicate when exactly it is going to reopen. t won't be anytime soon here. the governor is reportedly getting ready to do this in phases. we should say across the entire

country and the globe the number of cases remain stubbornly high. closing in on the four million mark in the united states. close to 1.3 million. deaths remain stubbornly high, averaging in this country 2,000 a day and about 20,000 new infections reported each day. we should also say more than half the states that have reopened have apfainterly reopened before some of these boxes had been checked on, you know guidelines when to reopen. for example, 14 straight days of improvement on hospitalizations, death cases, that sort of thing and other elements that a number of those states are ignoring for the time-being because they say that the trend is their friend. now the issue is a big one with doctors, including my next guest, dr. jen caudill, family physician and associate professor as well. doctor, a lot of these states are ignoring guidelines established by the cdc and the president himself pushed to get green light slowly opening

things up. that is up to governors and they weigh a lot of other matters, but some of the guidelines of 14 straight days of improvement on infection and or hospitalization front they are ignoring because they're not seeing it. what do you make of that? >> well, it is dangerous and it's scary. and you know, again, neil, we talk every week and one of the things we know this country has to open up. we know, first thing i need to say. this is not a matter of saying the country does not need to open up, is it shouldn't open up. people need to go to work. people need incomes, take care of their families have a livelihood. this is not issue of that. this is an issue how to do it safely and what proper protocols and procedures need to be in place so we can do this safely. ignoring these guidelines. ignoring rules and stipulations set by health officials is not wise in my opinion. the last thing we need is to go backwards. all states are not out of the

woods. some states are doing better. some are not. some regions are not. we can't go backwards. that's what i'm afraid of. neil: you know another aspect they look at you were way ahead of this, doctor, the percentage of tests come back positive. a lot more states are getting a lot more testing done, yet there have been if anything increases in some of these positive cases reported. now in other states the trend is their friend. it is going down but with more testing of course, there is always the risk that you're going to get cases that you didn't think you had that you do have. what are the guidelines you think states should try to follow? >> well, the states really should follow the guidelines set by the cdc and our task force officials. you know our health care officials and public health officials this is really all the things they are amazing at, this is one of the huge strengths. what we're talking about with coronavirus is really a public health emergency. that is what this country and the world is going through right

now. we have to listen to our experts when it comes to testing and guidelines for reopening. you're right, neil. you know, testing has been an issue forever and in different aspects. we're seeing different parts of testing become a problem. something needs to get better. as we have more testing which by the way is a good thing, we will get more cases. that is inevitable. that is something we need to expect and we need to prepare for but we have to listen to the public health folks, we have to. neil: doctor, real quick in new york, 62% of reported cases, sadly almost similar percentage when it comes to deaths came in the new york metropolitan area, most of them and of that percentage the overwhelming were doing all the things they were told to do, sheltering at home, doing everything government, state officials told them to do yet these cases continue stubbornly high, what you do you make of that if we might have it

wrong that mitigation eliminates or significantly deteriorates this risk? >> you know, neil, i'm not sure we have it wrong. i believe strong in mitigation and sort of social distancing and all the measures that we've been talking about and the science is telling us according to public health officials and other doctors, folks this is one of our best strengths, then you say why do we have so many cases is the question, it is a good question but there are so many variables. neil, you and i have been talking about this, what, since february, since then, before maybe there have been so many different things happened. remember our borders didn't close until a certain point. we didn't have adequate testing for a certain point. we really didn't even know where the cases were coming from and how they were coming. there were so many variables and unknowns. this is not, this is not a message of implying fault. that is not what i'm saying. i'm not saying it is anyone's fault. i'm saying there are some variables with this condition

and all the things we've gone through. all that contributed to where we ended up. then you throw on top of that, the fact that we have infectious virus that literally can be spread pretty easily? you know it is basically, it is a big pot of stuff, neil. that's what i make of it. so, yeah, i think we need to keep going with mitigation, social distancing, wearing masks. i think we need to be very cautious as we open up the country. i still think those are our best bets. neil: dr. caudill, heed her words, everyone. back in february when he first had her on, she was among the first medical personnel i know who had warned this is not a passing sort of situation. do not dismiss this coronavirus. she was quite prescient on that. i'm talking early february. keep that in mind. dr. caudill, thank you very, very much. meantime, all of this started in china. we know that right now. we know there is a move afoot in washington to really investigate what the chinese knew, when they knew it. there is a task force already

talked about to get hopping on that. edward lawrence on that right now from washington. hey, edward. reporter: even goes further than that. there are senators, republican senators who are saying we should punish china, specifically senator marsha blackburn. house republicans are forming this committee, they say democrats were part of the committee to look into china but then pulled out of that. democrats, the republicans would like to see democrats come back on to the committee to look into this. specifically starting with stealing technology, including from universities. >> but now the virus itself not allowing your scientists in to help, having international flights leave wuhan but not allow domestic flights to go into china, the lack of transparency, the lies that have been propagated through china as well, they will look at the full scope of this. reporter: china again shocked

the world. experts thought they would have exports decrease 16% in april from april 2019, what in fact happened according to the chinese, exports actually increased 3 1/2% from april to april of 2019. the imports dropped significantly as the country looked inward to battle the coronavirus that means widen of surplus with the united states up $23 billion in april. now this reverses the march numbers of where exports fell in china. manufacturing basically stopped then. but the chinese since reopened much of their economy as now the u.s. is start reopen the economy. extra scrutiny on china could complicate the phase one trade deal about to hit its third month as a signed agreement. there are issues with the u.s. trade representatives office is working through with the chinese. there have actually been almost daily conversations at the staff level with chinese counterparts try to work through some of these issues. i confirmed two monthly meetings

described in the phase one trade deal at the deputy level. this is with the deputy u.s. trade representative jeffrey garish. at top level, u.s. trade representative robert lighthizer meeting. that timing of meeting is still being worked out but that will happen at some point this year. there will be two of them. back to you. neil: edward lawrence, thank you very, very much where is all of this going? we have senator roy blount joining us now the missouri senator. good to have you. this crack down on what china knew and when they knew it where is this going, senator? >> a head's up in lots of areas, the military aggressiveness of china right now, economic aggressiveness, frankly all over the world and frankly the aggressiveness trying to take over global organizations whether at the u.n. or undo influence at the wto but it is clear in, to me at least, that

something happened at that wuhan laboratory about the middle of october. there is public information out now that indicates that the level of activity there decreased dramatically from where it had been, like something happened and suddenly nobody wants to go into that lab for a while. i think that is pretty positive proof that this is a point we ought to be looking at. it was clear that the chinese would not let cdc in early. they wouldn't cooperate with us early and early was probably a whole lot earlier than we thought it was at the time. neil: looking back to even november, december, of 2019, senator. while i have you, sir, this issue whether our meat supply is compromised or even safe, the latest indication, a number of firms from tyson foods, a host of others, smithfield, they will reopen facilities but they're concerned.

you have that in your neck of the woods as well. a few hundred workers at a, you know, a in buchanan county have come down with the virus. are you worried that food processing plants of any sort is vulnerable to this, that we're opening, insisting keeping plants open to our detriment and to those workers detriment? >> i am concerned about it and i think particularly the meat and poultry plants, much more than other food processing facilities that have become more automated, longer, more stretched outlines. the way we handled meat and poultry in the country, people are working closely together. everybody making, basically one cut, one determination as that, as that product went through, and because of that, it just a much closer environment. one of the interesting things i thought about triumph food plant in st. jo where i have been a

number of times, it is a new plant, a great facility, high volume, very efficient facility, but of 17% of workforce tested positive they were all asymptomatic. a substantial amount of population had this but had no symptoms indicated they had this. it is interesting to see as we get better testing how much our whole population has had this, had no symptoms, didn't know they had it and even more helpful, if we find out that if you have had it, you have a level of immunity that would hopefully get you to the point that we have a vaccine. neil: senator, thank you very, very much, good catching up with you, senator roy blunt of missouri. to explore a little bit of what the senator was saying balancing medical needs with economic needs that is what weigh explore in our virtual town hall.

bernie marcus, ken langone, founders of home depot how do you do that. our country has been through quite worse. our country is quite anxious, maybe freaking out about all of this but they're here to remind you we've been through tougher times. we'll get through this that is coming up in the second hour here, if you have questions, forward them to us at invested in you at foxbusiness.com. we'll have much more after this. you wouldn't accept an incomplete job from anyone else.

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♪. neil: take a look what we got here. the nasdaq is now positive on the year. if this were to hold even around these levels we're positive. remember when all the averages were careening. i should point out the dow is down all of about 15%, not even. and s&p 500, what close to 10% down in here? remember when these were being cut by a third. there was talk we with would go into a meltdown. we don't like to take snapshots of a day, one snap the image is shot. remarkable averages. the dow a little more plus ago, we were 18,000 level. we're north of 24,000.

with the nasdaq its with briefly over 9,000. no matter how you slice it, positive on the year. incredible come back not based on economic news we're seeing which is awful but they knew it would be awful. latest jobless claims, 33,000 americans filed for jobless benefits. market factored in. the hope is that it gets better from here. hope springs eternal and on the virus. we'll keel you posted on the nfl, tonight 8:00 p.m. eastern time they will announce their fall schedule, the slate of games being planned. charlie gasparino was among the first to break that. john tatum also here, genesco sports ceo, overall sports genius. welcome to both of you. charlie, this is going to kick off tonight, right? >> as we on fox business, on cav cavuto we first reported.

let me bring in a couple of headlines before we bring john in. there are couple things going on besides the schedule being posted tonight. the nfl put out a memo to teams this, was described to fox business, they will open facilities they're saying under strict guidelines on may 15th. the teams will have to appoint medical officers to control coronavirus out breaks. for example, i guess they will be taking temperatures, monitoring players, whether they get sick or not. there will be limited number of personnel in facilities. so there are some measures the league has taken. this is essentially a cliff note version of that note by the way, and i'm sure there is more detail to it but it is interesting the nfl is moving forward. i would just like to ask john, do you have any idea if there will be fans in the stadium? >> well, charlie i believe there will be fans. i think that it is going to be,

obviously different policies for different facilities but i absolutely believe there will be fans in the stands. you will not be able to hold people back. there is a lot of pent-up demand. the nfl will lead the country's resurgence and reopening and the schedule comes out tonight and i can't wait to see, you know, the first game, kansas city chiefs on thursday night, september 10th, the world champions will lead it off. so but i believe there will be fans in the stands and in fact we got to get, i know neil's prosser a big eagles fan. so and neil is a big redskins fan. maybe we go to the eagles-redskins game that first sunday and watch neil's redskins on sunday the 13th. but we're going to get back to football. >> i am, obviously john i would love to do that but let me ask

you this. dr. fauci, medical experts, are predicting a resurgence of the virus in the fall. how does that impact football? will football cease playing? is there a backup plan, have you heard anything on that? >> well the schedule will come out tonight and it is a traditional schedule with preseason, you know, four or maybe five preseason games for the hall of fame game but you will have 17 weeks. you will have one bye week, there are contingencies but right now i think everybody is confident that they will, you know, be in a place once this virus hopefully continues to die out in the heat over the course of the summer, that when we get back to the fall, we'll, you know, we'll have better health care solutions or, you know, maybe not a vaccine but maybe better anti-viral treatments

and, and there is plans in place to mitigate crowds and everything and you know what, charlie? even if something happens in terms of the fans, i think you know, the main thing is, we've got to get sports reignited. we have to have the nfl playing and we have to, you know, if they play, the networks will pay and the nfl will succeed this fall and i think everybody needs sports to bring us out of this containment, confinement. >> let me, it will definitely make confinement and containment a lot easier even if it is half-measures that may progress but i wonder why is it taking baseball so long? there is obviously a different, can you describe the different business dynamics between the two and why baseball has to go through a lot more motions. the baseball season should have started by now obviously.

why is baseball going through much more motions to open than football so to speak? >> well, baseball is going to deliver a plan to the players association, mlb players association, hopefully in the next couple days about re, you know, starting spring training, maybe at each team's stadium or facility and then easing into a schedule that could start you know, by the 1st of july. you know, baseball's dynamic is a little different from the business perspective because the majority of their revenue comes from gate receipt and ticket sales and actually merchandise. baseball is driven by the, you know, velocity of the attendance and people coming to the games. so i don't know that there is a difference other than, you know, that the nfl is just, they have had, because ever the timing of

their schedule, they have less things canceled. mlb the last time -- >> the nfl theoretically can play without fans in the stands, correct, and make money? >> absolutely. well, maybe make some money, but yeah, absolutely. you know salary cap is about 200 million per team. so times 32 teams, you're looking at 6.4 billion in player payments. and the networks, you know, led by the great mr. murdoch, a visionary who saw sports, news, as the two most important things in life, fox, and other networks pay about 7 1/2, you know, almost $8 billion a year in tv revenue. so as long as the games are played, the networks broadcast them, the nfl will be rock solid

>> i think we have to end there. neil: gentlemen, thank you both very much. it was football you were talking about, i just want to confirm that. thank you very much. go redskins, go redskins. a little more after this. look, this isn't my first rodeo...

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♪. neil: all right. take a look where we stand right now. we are up across the board. all major averages. despite the fact a little more than 3.2 million americans filed for jobless benefits. in case you're counting, almost a lot of people don't like to, you can understand we're at about 33 1/2 million americans who have filed for such benefits over the last seven weeks and it is likely to get worse. having said that though, we're anticipating another bad report when we get the entire read on the month of april tomorrow. it could include losses of as much as 20 million jobs for the month and the unemployment

scooching up quite a bit, some say 16, 17. there is no way of knowing, no way of explaining how the market seems to ignore it. focusing on other things going forward. jackie deangelis with the latest. reporter: good afternoon, neil. what is the market is hanging on to today regarding the weekly jobless claims, the five weeks in a row even though the number is large the number is going down. the market sees this as optimism. we're going through a tough time, that is not surprising to anybody but the trend is reversing and that is what they want to see. the with respect to the labor numbers labor department releases that tomorrow morning. we're looking at the reopenings and people are getting back to work as a positive sign here but as you said more than 30 million people, 33.4 million people have applied for benefits and that is since the lockdown started so

that includes a couple of weeks from march as well, it started around march 21st. the markets look, they continue to be volatile. the nasdaq turning positive for 2020. if it can hold on to the gain today, it will close that way. there is optimism in oil prices too, slowly seeing this price inch back up to the 30-dollar range. we were up 9%, giving some back at 25.12 at the moment. gold seeing a modest move higher. the 10-year treasury seeing a modest tick loner yield. the safety trade is still on but risk is going back into the stock market. a couple of stock specific stories draw your attention to. start with moderna for a second because this stock is higher after getting approval for stage two trials of the. coronavirus. the company says late stage trials could be as soon as the

summer. grubhub, the earnings were not great, and had a miss but the company saw an uptick in deliveries as a result of coronavirus, people staying home but the company didn't provide guidance either and wall street never really likes that. finally neiman marcus announcing it is filing for bankruptcy, reducing structure around debt, planning for a long-term strategy. this is one of the big real fears for the retail industry that this covid pandemic will be really tough to survive, neil. neil: thank you very much, jackie deangelis on all of that. as jackie was speaking here, i want to pass along from michigan the governor announcing the state as slow reopening of the manufacturing sector. we don't know details or rollout. they have been practicing distancing provisions, wearing masks and all of that, michigan which is the target of a lot of protest movements but many people say the governor locked down beyond lockdowns, this is the first daylight on these

lockdowns out of michigan. keeping a close eye on that. while there might be a lot of protests how states begin reopening, all of that, there are a number of americans who are very leery of these provisions winding down. they're worried about not only their own physical security but a good many liked being at home and found it kind ever refreshing, doing a lot of that work and bonding with their families, a good many americans, that is exactly what has been going on. there is a new survey that said americans in fact would happily take a small pay cut, emphasis being small pay cut, if they could continue working from home. harvey levin joins us on this, genesis founder and ceo. they track sentiment indicators and much, much more. harley, that kind of surprised me but maybe not too much. what did you make of it? >> i think you're absolutely right, a lot of people do like to stay at home right now in the sense that people feel that they're in the best shape they

have ever been, people are working out, people spending more time with their families, but it is a big story because there lists a lot of tension being on top of your family 24/7 and so it depends on one person's perspective i guess. neil: you know we're so focused on protesters and people want to get back to work, i get that, we're exploring that in a virtual town hall with the founders of home depot but it is a reminder it isn't all one way. obviously a lot of people want to see the business and economy and markets improve but others say it could all happen if i continue to do what i'm doing from home, working from home, open to slight pay cut to continue what they have been doing. i'm wondering whether that will be the future? a lot of people and a lot businesses will see this as a opportunity to reconfigure their

workforce. what are you looking at? >> you nailed it, neil, that is exactly correct. companies are looking to do more with less. they're refocusing on the workforce strategy. they're looking at automation more and more. but probably the single area they're focusing on the most is minimizing their risk by diversifying their operations, especially in i.t. so a lot of companies have i.t. in one place and what i think they're coming to see and we're getting more and more of our clients telling us that, that they don't know when the next disaster is going to be, whether it is going to be another pandemic or terrorism or some big climate change. so they need to protect their organization. so they're looking to minimize their risk by diversifying and having worked on in various locations that are smaller and outside of the main hub of their operations. neil: i also think, real

quickly, harley, the corporate real estate players and whether they're maybe shaking in their boots here, they see the trends you were way ahead of and they're getting alarmed. a lot of businesses will say, i don't need nearly as much office space as i thought and we did just fine, existing with a lot less. what do you think? >> well clients are telling us what has alarmed them are companies that sent work overseas because they saw that the disaster recovery plans, or the business continuity plans of their partners overseas was not up to snuff. you know, when you look at countries like india which is where the epicenter of the offshore work being done in i.t., the country was shut down in four hours. so it left companies reeling as how they would be able to cope with that. you had people in india who have desktops but not laptops at

home. they couldn't get them. it caused all kinds of problems and a lot of companies made herculean efforts, american companies to help their partners overseas but overall they basically failed the business continuity test. i think they're focusing on the united states, which is the right thing to do because if you really want time prove the american economy you have got to, you have got to hire americans here and put americans to work. neil: all right. we'll watch closely. harley, thank you very, very much, you might have noticed harley was speaking here, we show you technology stocks they're leading this parade today. a lot of optimism that slowly but surely a lot of steaks are reopening. big ones we're following, michigan, hawaii, montana, indiana is expanding some reopenings today, but if these all hold to prediction here, more than half the states in this country have begun the great unwind they call it, shelter at home provisions not all states are easing as we speak. stay with us, you're watching

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neil: states reopening today include michigan, hawaii, montana, extending provisions now on them in indiana, but they had begun reopening. focusing on florida, a tale of two states actually. phil keating in miami what is happening there right now. hey, phil. reporter: neil, good afternoon, or morning, no, it is afternoon right now i'm sorry. things have gone postively for the most part in the state of florida since the reopening began but there have been instances of very problematic performance. it all boils down to the people of florida and that is why this very popular beach park in miami beach is closed. it had reopened like all parks for five days. but then over this past weekend about 7,000 people showed up without masks. so the city manager shut it back

down. he said a lot of those people were quite defiant having to wear a mask and hostile. similar scene on cinco de mayo. look at the crowd in downtown miami tuesday night. it sure looked like a celebration. a party pre-pandemic and pre-social distancing. the owner for safety ended up shutting down there. outside of south florida, most of the state, phase one reopening began monday. that includes indoor dining and open retear stores at 25% capacity. most state parks and beaches are back open, for sun, sand, surf, everybody properly paced out. all that appears going very well with none or very few problems. in tampa the city begun closing streets and allowing restaurants to use parking lots, the street, al lies to put out more tables, all properly spaced apart. it is called the lift-up economic recovery plan. every server and customer gets their temperature checked upon arrival. >> the energy is palpable.

people wanted to get back out and start to rebuild a sense of normalcy in their life. reporter: the restaurants get to start making some money. the governor wednesday says he is pleased with how phase one is going this week and hopes to bring some more freedoms, the same ones that the rest of the state has, to miami-dade, broward, and palm beach counties soon. >> we want to be safe about it. we want to be smart. it is going to be a step by step process. it is not just flipping a switch but i do believe that for florida to be successful, we need our southern florida communities to be successful. reporter: the miami-dade county mayor says overall he is pleased with how things have gone on the reopening front over the past week, however, he has a big worry this weekend because it is mother's day weekend and he fears more virus spread, especially if there are large gatherings. neil: phil keating thank you very much.

how would you like to start a business in the middle of something like this? a lesson we'll learn from ken langone, bernie marcus, cofounders of home depot, been there, done that, time triumphed over that. we're devoted to getting through this, with optimism. - [narrator] soon, lights will come on. soon, people will be walking back through your door. soon, life will move forward. we'll welcome back old colleagues, get to know new ones some things may change, but we'll still be here, right here, so you can work on the business of getting your business back. at paycom, our focus will always be you

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♪. neil: thankfully a lot of small businesses are getting money from the paycheck protection program but it hasn't improved a lot of their mood. 52% of the small business survey are saying they will be likely out of business in six months. that is more than half, indicating right now there is not a whole lot of optimism on that front. dan geltrude joins us, a premier accountant, good read on all that. dan, i you got to be kidding, i thought they would be more upbeat than that but i can understand it. what do you think? >> well that number is really stunning, neil. if that happened to be even close to being true, we're going to see basically half the small businesses in the country go out of business in six months? we are in deep, deep trouble. i would also be curious as to where their getting that sample

from. certainly if you're talking about small businesses in the new york metropolitan area, i can understand the mood. just yesterday new jersey governor phil murphy signed an executive order extending the health care emergency for another 30 days. so now you're talking about in the state of new jersey, you're going to be going out until june 15th until we even start some process getting back to normal. this is devastating for businesses across the state. because, remember, neil, once we start the process, it is not a light switch. there is going to be a ramp up for businesses to get back to normal. it is not going to happen overnight. it is going to take quite a bit of time for us to get there. neil: i was thinking too, dan, about a lot of these small businesses that might, when they do get a chance to open up are going to have distancing provisions, crowd control, capacity control. in texas it started with 25%

capacity. it is better than zero i get that, but it is going to be slow-going, isn't it? >> yes it is, but you know, neil, you have to start that process today. sooner or later we have to jump into the deep end of the pool and i'm not trying to downplay the seriousness of the virus or be insensitive to people who are sick and people who passed from this. it is no doubt serious. however, we have to find a balance between the health of the nation and the health of the economy because we are going to get past this virus and we will still be feeling the effects of what's happened to our economy. there is no question about it. neil: real quickly, i was speaking to a doctor earlier in the show who says we'll have a spike in cases. we hope it is contained, but we'll have a spike in cases. is the market ready for a spike in cases? >> well, i think the market has

to realize, neil, that is coming. i think that will be baked into when we get into the fall. i think everybody realizes that there is a chance that we're going to spike up, so, i don't know, if it is going to have a tremendous impact on the market as you and i have talked about, this market wants to go up. so it is going to take a lot for it to have a significant adjustment once we're back on track. neil: dan, thank you my friend, very much. dan gel true who crunches numbers better than most people i know. we'll have a virtual forum on this, to give you a chance to get a sense where we're going with this, with optimism. stick around. oom, 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.

neil: america can work together and we're going to put a lot of stuff together that addresses that right now, right here on fox business. i'm neil cavuto. thank you very much for joining us. we live in an environment where a lot of people are scared for their health, scared for their jobs, just scared, period. so we thought we would step back from all of this, start taking your questions and man, oh, man, were we pelted with a lot of them. happy for your participation. but it all comes down to this. will we get through this? i think my next guests say yeah, because they're living proof you can get through crises. look at our long history, look at what we got through, a depression, a financial