opened her salon before the authorities said you can open your salon. she wouldn't apologize for it. so the judge sent her to jail. she went to jail. now she is free. she is on this show tomorrow. my time is absolutely up, unfortunately. but neil, sir, it is yours. neil: what is weird about it. the judge demanded the apology. not enough to break order did o. stuart: shelley is a real american. she is on the show. neil: look at concerner of wall and broad. we're selling off a couple of competing news. markets have been waiting the latest heightened anxiety between china and the united states but they will have to pay for some of these coronavirus lies. that is the view we are getting. that is reinforced with comments peter navarro made at the white house. you have the conflicting,

relatively good news out of new york where hospitalizations continue to decline although there is a spike in deaths in the state. the governor is worried, outlining for folks the idea of a staggered reopening of the state. only 45 minutes after new york's mayor bill de blasio was saying look, it is looking like june. that the city will not be able to open up before june. that was not exactly worthy after fox news or "fox business alert." no shocker there. a high-ranking mayor of the city was making it official all you needed to hear, wow, this whole comeback for the economy which can't get any robust way without new york kicking in is not likely to happen. so that is kind of been pulling and pushing at investors today. jackie deangelis has more on all of the above. hey, jackie. reporter: good afternoon. good to see you, neil. that's right, the market is paring the losses right now. you're right stocks are kicking off the week in the red after a very strong week last week.

investors are cautiously optimistic. the nasdaq is trading higher even today but the reopening will take shape in different parts of country in all different ways and all different speeds. this is unchartered territory. a lot of folks saying it is like little experiments across the country and number of new case, hospitalizations that will be the data that tells the ultimate story with respect to how it is all going. apple is a great example of this, that it will start to open stores in four states this week. we're talking about alabama, alaska, idaho, south carolina. you see how these openings go as a company. how new rules can be implemented and followed. then you see, if you can expand that model you about to your point, neil it will be a while, i'm sure, before we start to see these stores open, for example, in new york city. meantime we've been talking so much about testing and treatments as we move forward. i want to draw your attention to

avid. it got emergency fda approval on coronavirus antibody test. -- abbott. capacity for 60 million tests in june as we continue to ramp that up and know where people stand. that is how we get them back into action and into the workforce. also shares of tesla are ones to watch today. they were seeing a big drop, paring the loss as little bit. tesla's model 3 sales tumbling 64% in china april. so the company is struggling a little with the china results there but also elon musk clearly frustrated with california and its reopening process. he says he wants to move his electric car company headquarters to another state, texas. nevada being floated as soon as he can. finally shanghai disney is reopening with some restrictions after being closed for more than three months but you can imagine to visit that theme park you will have to wear a mask, have your temperature taken, have to socially distance. imagine the crowds will be

controlled to allow the distance to be possible. this is example, sure you can reopen something like this, but it will look dramatically different than it did before, neil. neil: yeah. 30% capacity, you will have room to move around. the most crowded disney park on the planet. we'll see how that goes. jackie deangelis on all of that. we're following as jackie touched on all the states opening, a dozen states are opening fresh today, or, adding to reopening features and different phases that kick in. the latest wave of them today. the latest from mike tobin following all of that hey, mike. reporter: i can run down a few for you. michigan has the okay from governor gretchen whitmer to start the manufacturing. looks like the big three automakers want more time to be extra careful. the state wants before employees go back to manufacturing plants, they want temperature screenings

and questionnaires about symptoms and possible exposure. they want personal protective equipment and space between workers. the automakers are waiting another week before they take precautions farther. ford is putting in shields and no touch doors. gm is putting a 48 page booklet returning to work with confidence. parts suppliers they have a week to come up to speed before the automotive assembly lines rolling again. manufacture something almost 20% of michigan's economy. the question what can i get for you, from waiters and waitresses in indiana as restaurants are back open. some catches, limited to 50% capacity. if you're ahead of the reservation, you have to sit at your car until the table is ready. kentucky resuming things like manufacturing and construction. good news, horse racing back on. bad news, stands are empty. i can't see the video. if you see people in the stands that means it is file video. kentucky, retail can reopen for

curbside service. people are required to wear masks if they're out in public. governor jb pritzker continues to but heads with president trump that states are left to handle the crisis without help from washington. >> white house left all the states to do and we've done well spinning up testing. we'll continue to grow our testing. we have the ability to do that on our own. reporter: governor pritzker is now working from home. high level staffer tested positive much so he is stuck in the house until what is determined to be an appropriate isolation period. he will handle the daily briefing, daily briefings over videoconference. neil? neil: mike tobin, thank you very much, my friend. mike tobin reporting from chicago. we have a sell-and-a-half going on here t wasn't so much expected openings, reopenings in some of the states but might been fueled by increasing friction between chinese and united states over what they knew, when they knew it regarding the coronavirus and peter navarro comments earlier

this morning talking about compensatory damages china might have to pay as a result. i want to raise this with steve moore. steve, whether they pay the damages for the virus the first thing the market sees that this whole trade deal is unraveling. if they're hit with that why the heck should they buy goods with us or honor agreement, we're telling them you lied about the virus you probably lied about this as well? >> these are very tenuous times right now and strained times, no question about it, in terms of the u.s.-china relationship. neil, there is no question about it. i was just looking at some polling over the weekend. americans are very angry at china. i think for good reason. i don't believe that there was any kind of conspiracy on the part of china but i think they acted incredibly irresponsibly. that matches where americans are right now. so that has translated into the political sphere where both parties, not just trump but even

democrats, i saw the other day, democrats are running ads against trump saying he is not tough enough against china. i do see you are going to see a cause for compensatory damages there is also cause for reparation payments, for what china has done in terms of the damage they have done to the u.s. economy. some people are saying, well, we need to impose new tariffs on china, it is a very, very rocky relationship right now between beijing and washington. neil: so we already know that we're exporting less to china. the virus is a big reason for that as you outlined with me. we have a separate report out very likely that the chinese are going to be taking anywhere near the goods they have committed to in phase one of that deal, again presumably because of this or on going friction we're -- them. is this out of control right now? >> it is so frustrating to me, neil, because just think about

where we were at the end of 2019 and 2020. we passed this historic trade deal with china. the markets loved it, right. the markets went up substantially. you saw really good job numbers. manufacturing was back. ingagriculture was back from thr slump. right at the time we're sailing along, it looks like we got this great detente with china, boom, we got hit by the virus came from china. i think china has not been repenitent at all in terms of their rhetoric. in fact they have been doubling down. i saw some of the chinese government officials saying well, this virus actually started in the united states. it didn't start with china. so this is, there is frosty relationships right now, no yes about it. some of that progress that had been made i think it has been a real retrenchment. we'll see how investors react to this kind of new, kind of cold war reality right now between the chinese and the united

states. we're the two largest economies in the world. we have to trade with each other. but, boy, are those relationships, they are tethered right now. neil: steve, real quickly, you're close to the president. he to you, does he regret praising them, trusts them, saying they were very transparent when he was talking about trade talks and ultimately their initial response to the virus? does he regret any of that, that he might have been snookered? >> i can't really speak to that because i haven't spoken directly to the president about it but i can tell you that's what the american people believe. they do believe we were snookered by china. i think china has, is the big loser in the coronavirus. i do believe, neil, i said this a couple weeks ago, i will repeat it, that there is going to be a real reconsideration, regardless what the government does, regardless what the trump administration does. a lot of companies are

reconsidering how reliable china is in the global supply chain. a lot of americans are so hostile to china, i think they're going to look more, is this thing made in china. maybe we don't want to buy so much from china. china has a real rebuilding to do of their reputation. not just what the trump administration but with the american people. neil: steve, always good chatting with you, my friend, be well, be safe, steve moore, confidante on all things to the white house on things economic and many more matters. a pretty good read on the stimulus, maybe we won't as see quickly, we simply don't know. a number of firms have their doubt how much bang for the buck we're going to see the economy come back. already goldman sachs among others looking at jet fuel demand for example, maybe being, you know, in a bit of a downward spiral for a while. that it could take not only a long time to come back, maybe it will never come back.

i want to get the read on that from mike summers the american petroleum institute president and ceo. what do you think of that, mike, to say, maybe jet fuel demand that is one component of the oil picture i grant you, might never come back, what do you think? >> well, look, tell me when the economy is going to come back and i will tell you when demand is going to come back. what we know that last week, we're actually seeing demand continue to increase. we were at about 13.8 million barrels of demand in april. that has gone up to 15.4 million bears of demand in the united states just last week. and that's per day. so we're actually pleased that demand is starting to come back and you know, as the economy returns people will start driving more. we have the third week in a row of gasoline demand going up. so we're actually start towing see some small light at the end of the tunnel for global oil

markets. but of course we're concerned about how quickly that demand comes back, what that means for american producers. neil: so play this out for me, i think you're probably right on that, much depends on the global recovery. you get that, obviously changes the equation a bit, but about the speed of that recovery, given the fact that it is staggered in our country, it is actually staggered throughout the world, what are you envisioning? play this next. i know it is tough to do, play this next few months, maybe up to a year? >> so one thing that we have seen is that diesel demand has remained relatively stable. so diesel is usually used for trucks and for trains, to transport the goods that americans need. those trucks are still running. people are still demanding their products be delivered by amazon and others. so we're, we still see diesel demand doing pretty well right now. we see gas demand continuing to

go up as i mentioned. but i, as we know, it is going to take a while because states are slowly reopening, and until the united states opens up back up, we'll not see demand where it needs to be. of course, because of all of this supply that is currently on the market, it is going to take a while for these markets to recover. so we're concerned about this. what we do know, however, is that this industry in the united states, which is really seen a revolution in terms of american supply, just in the last 10 years, we know that this industry has been historically very resilient. it lists used to these ups and downs in the market and we know that it's going to be a key to the recovery going forward. this is an industry that represents about 8% of america's demand, of the american economy and what we know is that, we like to say it is really the first 8% because nothing goes without the american energy

industry. so we're cautiously optimistic because we're starting to see some glimmers of hope out there in meese markets. neil: we shall see, i thank you very much, mike. we appreciate it. i want to alert you, that white house is recommending coronavirus testing for one million nursing homes residents and staff. they want it in next couple weeks. we're on top of the meat shortage, whether real, imagined or temporary phenomenon. for all of the restaurants opening up, particularly barbecue restaurants, it is a big issue to them. in my line of work,

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saw the first three plants close. that escalated to 13. we watched that ramp up to 27. at that point i had everyone's attention in kansas city. this is barbecue country as you know and we began to watch it with some intensity, from that point forward. neil: do you run across any customers, terry, who worry, even though there is no risk of this according to the fda, people sickened at these plants have somehow contaminated the meat supply? people say you know what, i'm just leery, what do you tell them? >> we have not experienced that. you know i think people have relied upon that information that the cdc provided and said, hey, there is just no evidence in transferns on food and we feel like it is a safe process and the procedures and things that you do to cook and prepare the food, we've seen actually a huge outpouring from our

customers supportive. i have a nurse, one of my daughters is a nurse and that is the real front lines. but we've seen a huge outpouring of support from the consumer, not necessarily concerning that manner. neil: what about prices for meat? if it is in short supply and obviously there is strong demand have you seen an uptick in prices or delay in getting the meat, when you get it, it is suddenly more expensive? >> yeah, there is no doubt about it. we watched brisket, brisket, all the material and protein that is in a brisket, that's literally doubled and almost tripled within a period of one week. so the supply tightened very quickly. with that has come escalating prices. a lot of what we've done, how we approach our business model each year, we prebook products out on contract.

and so never has that been more important for us as a barbecue restaurant than this year. neil: then you have the issue of getting people back to restaurants, right? whether they're going to be under limited capacity at the beginning, how are you dealing with all of this? >> from the employee standpoint? neil: from yours and all standpoints. >> yeah. you know i think it's been a transition. when this thing started to unfold we all know everybody says, we didn't have a playbook for this. we just kind of been writing it along with cdc and national restaurant association and, coming through it, you know, for the employees because this is a big family. you have to understand, we started this business in 1976. i've been here since, you know, i've been here over 40 years. so this is a big, big family. you're concerned on the health side from the zarda family and your restaurant workers and you're also concerned on the

economic side. so it has unfolded through time and we feel like the ppp loan and some of the things that have happened have help us negotiate that. neil: well, i wish you well, terry. i'm sure all of this will come back. apparently you're known for some delicious stuff. that will follow you regardless. be well my friend, good health to you and your workers and customers. >> thanks, neil. thanks for having me. neil: all right. same here. we're getting word out of south korea right now it is indeed confirming a new series of case clusters around seoul, particularly around seoul nightclubs, an interesting development here. it comes the same day we learned that india and russia are experiencing a sudden spike in cases. we only mention that because it reinforces this view there are bums along the way. that of course is to be expected. that is one of the things that weighs on these american cities and state has reopen. they watch that sort of thing.

then they fear that sort of thing. they all seem to accept there will be some increase in cases. obviously the goal is to make sure that they're not too severe. stay with us. you're watching fox business. ♪ i came across sofi and it was the best decision of my life. i feel cared about as a member. we're getting a super competitive interest rate on our money. we're able to invest through the same exact platform. i really liked that they didn't have any hidden or extra fees. ♪ sofi has brought me peace of mind. truly thank you for helping me prepare for whatever the future has in store. ♪

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♪. neil: all about the testing. we told you a few minutes ago the president is going to require this of the million plus americans who live in nursing homes, all the staff working looking to take care of them. the crowd could extend beyond that. blake burman is following all these developments, what we might be hearing from the president on this very issue at 4:00 p.m. eastern time from the white house. hey, blake. reporter: hi, there, neil. from the rose garden we'll hear from president trump 4:00 this afternoon on the issue of testing this is the big event at the white house for the day. the white house saying that the

president will be highlighting testing capabilities within each of the states. specifically highlighting how each of the states have the capability to test comparable to south korea which is one of the gold standards when it comes to testing all around the world. today already earlier this morning the president has been taking issue, suggesting that some states that are run by democratic governors aren't opening up as quickly as he would like because he believes it is an election year and the president is specifically taking issue with pennsylvania. this is the tweet from the president earlier this morning. at one point saying quote, the democrats are moving slowly all over the usa for political purposes. they would wait until november third if it were up to them. don't play politics. be safe, move quickly. meantime neil, elsewhere within the white house one of the president's top advisors today lists suggesting that china should pay up for its handling of covid-19. >> i strongly believe, and i

think the american people strongly believe that china inflicted trillions of dollars of damage on this country and there should be some form of compensatory damages t frosts me that disneyland in shanghai is opening this morning while my own disneyland in my homeland in orange county in anaheim where disneyland was born is still shut because of the chinese communist party. reporter: that of course peter navarro. by the way, neil, "the new york times" and "wall street journal" are also reporting that the administration is set to issue a warning that researchers from china, that china is trying to steal information from u.s. researchers that are of course rushing to put a vaccine together. what we can tell you, neil, that the administration, or forms from within government haven't officially acknowledged that. this is indeed the case at this point. we await to see if there is some sort of official release though

i can tell you within many, many months, many in the white house we have spoken to are very issue, specifically researchers in the u.s., putting up money, doing the efforts, trying to get to the bottom of some very important issues, whether it be this or other items and the worry is that information ends up making its way back unwittingly to china. neil? neil: blake burman, thank you very, very much, my friend. before we go to our next guest, i want to key you in, we're off the lows right now, this is only me extrapolating here, but i'm noticing technology stocks suddenly surged. they were doing pretty well already. reports that nvidia could be closing in on a record high here as well. i should point out from not moving much at all, facebook up over a buck, that is very pricey issue, amazon, at $2400 plus. i'm noticing it extends to intuit, twitter.

right now if you add ibm, microsoft and google, this pickup, suddenly picked up steam. how and why, i don't know. whether that could be tied to what is happening now on the nvidia front or tech is proving again resilient in the face of numbers and anticipation, that those numbers will continue to look good for the group, i have no idea. that seems to be a noteworthy catalyst they surged out of nowhere. they have been strong performers and been leading this comeback rally over the last month 1/2 or so, when all major averages appreciated about 30 plus percent from their lows. technology leading that particular parade. we have get more on this we'll spell it out for you. meanwhile i want to go to a congressman from the beautiful state of pennsylvania. congressman, good to have you. i'm noticing there is some concern within communities, even among mayors, maybe congressman, looks like individuals as yourself, that the governors

reopening orders are being defied or could be defied or it is escalating. could you update me on that? >> yes. you mentioned how the president was concerned about pennsylvania and very rightfully so. we certainly hope there aren't any ulterior motives here but we're questioning the methodology because it is not very transparent. our governor began in pennsylvania by setting up very arbitrary and capricious choosing who could stay open and who couldn't, based upon an interpretation whatever life sustaining was supposed to mean outside of essential. we went through an appeals process where most companies that felt very unjustified being shut down. okay, that can last for a while. our governor talked very little about safety, health and safety work place standards. that really should be the norm, a uniform health and safety standard that all could comply by, could evolve, could improve

and could stay open in a safe manner. that's, that's how it began. so we began on a very faulty premise. now as we're picking and choosing which counties open up from red to yellow, some counties with far worse data, if you will than others are opening up sooner than others. so yeah, we've got some very upset community leaders here, business owners, employees, families, you name it. it is not a, it is not a good situation. neil: do you worry, congressman, really depends, there is no way of knowing about these sudden or out of the blue spikes that occur certainly in countries like south korea, where all of sudden this is issue around the seoul area, countries like india and russia, and states where it slows the reopening process, some disturbing numbers that come out of the new york city metropolitan area, i know that

is very different what is happening in your state, that might slow the reopening or delay the reopening there until at least june or afterwards. >> right. neil: but that will be such a staggered roll out the bang for the buck a lot of people hoped for, i'm sure you're among them, might not materialize, it might be slow-going? >> we'll see. we got to make sure we have an economy that is there to recover. we can slow down but we can't shut down and for the most part we've gotten through that for four weeks, five weeks, six weeks. now we're into eight weeks, they tend to talk about, i mean very often liberal governors talk about following data, following science. they're not following it. 70% of our cases in pennsylvania are in nursing homes. the average age of a fatality is 84. what we're doing is, we're confining low risk, we're exposing the high-risk, and we're killing people's livelihoods. so we really and it is not too late. we can redo this plan, nothing

wrong with this. admit where we, mistakes were made and we can base it on health and saved standards. companies can open up following strict and stringent safety standards. businesses want to keep their employees safe and we can move on. we can allow our hospitals to open back up. our hospitals are at 1/3 capacity at best. we never had that surge. we're prepared for it, rightfully so. what we did by eliminating elective surgeries and all, right thing to do for two, three, four weeks. we're eight weeks in now, going into our ninth. that needs to change. we're not experiencing a surge. there is absolutely no reason for to us not to move forward in opening up the doors to our businesses in a safe manner. working and safety are not mutually exclusive. every business owner wants to do it and it is a real shame. i have to tell you we just really saw a poor example of leadership in a speech that the

governor just made. owe came out, because some counties are asking and stating that they need to go to the yellow phase or else bankruptcies are going to occur and frankly drug use, suicides, things like that, start happening when you're entering this amount of time -- and bankruptcy and business closing. neil: congressman, i wish we had more time, we are reaching out to governor wolf's office to respond to some of this criticism. meantime i want to thank you very, very much for sharing yours. >> thank you. neil: by the way on the market, what is happening here, well off its lows. i did mention nvidia was turning things around. i did not realize until i looked at the flash from market watch, it looks like it is close to a record close, if we're to maintain these levels it would be a record close, not since the coronavirus. that is lifting, as i suspected might, the rest of the technology issues that were already doing pretty well and leading leading this parade back since the whole coronavirus thing first started but as coronavirus

issues go this is one that is promising for those hoping the market can keep its turn around going. the technology parade they're convinced will be led by issues like these companies that are been doing extremely well throughout this crisis and now expected to do even better. stay with us. ♪.

♪. neil: after meeting, a january 24th meet about the coronavirus and then some have interpreted that timing that you got bad news on it and you sold a lot of stock, that particular transaction afterwards more than $3 million. is that true? >> that is absolutely false. it is completely false. all the data we put out there is counter to that, it is fake news neil: all right. she is running for re-election just the same. she faces party intrabattle on

this. charlie gasparino is following all of that. simply selling holdings makes this all go away. charlie, what do you think? >> i think kelly loeffler had good facts on her side xi did not commit insider trading i interviewed people about this, the circumstances are not going away this is key point in the georgia senate race. she actually has a republican opponent opposing her as well, using her wealth, as you know, she is the wife of jeff sprecher who owns the new york stock exchange through the intercontinental exchange. she got a nine million dollar pay crowd when she left intercontinental exchange. she was an executive and joined senate and insider trading thing. this is allegation. she sold the stock before the markets began to implode in february or march. she got a private briefing. it looks kind of bad. it is not insider trading they believe. but it is not going away.

this is the hail mary pass they're throwing. she is well behind in the polls. again, this is, i'm not saying this is definitely going to happen, they are talking inside of the love letter campaign, approaching various regulators, sec enforcement. here are the facts of our trades, of these trades of stock. done through independent advisors. kelly loeffler had nothing to do with it. it was based on information generally out there. even in january people were talking about coronavirus and its impact, possibly spreading to the u.s. and this is not insider trading. hopefully getting the blessing of the securities & exchange commission commission, maybe the u.s. attorney. the other name i heard they're throwing out there new york attorney general which is a major securities regulator as well. 2. it would be a highly unusual move for any of those entities to weigh in, not saying it is impossible, but unusual, because most are considered independent

agencies even the sec. president trump a republican. kelly loeffler a republican, appoints the sec chairman. that agency though is considers itself independent from the white house. but again, the fact that they're even discussing this, i hear they're discussing this, neil, at a very high level shows how much of an impact this trading scandal had on her campaign. she is still well behind. a lot of people don't think she will be able to win, maybe not even beat back the republican challenger she has, representative collins. so they're planning this hail mary. we should point out the love letter campaign had no comment on this. she is the wife of jeff sprecher who owns it through the intercontinental exchange. jeff sprecher's people have no comment. this is not the last you will hear about it. if they approach the sec i will let you know what they say. neil, back to you. neil: thank you, mr. gasparino. charlie gasparino with all of

that. as technology continues to lead the parade back. nvidia, it will look at a record close here. we're seeing others follow in tandem. not just nvidia. apple, for example, in and out of a three-month high. remember the dividend play there. that is another thing boosting it. we're also seeing amazon move up very smartly here, one of the biggest winners of the whole coronavirus phenomenon where people are sheltering at home, at home using that technology a lot but technology leading this parade. if that sounds familiar to you, it should. after this. (music) (announcer) in this world where people are staying at home,

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neil: all right. whether colleges start as planned in the fall with real classes or virtual classes the fact of the matter is they will have to cut costs, maybe a lot more than earlier thought. gerri willis has been breaking this down, joins us now on that, much more. hey, gerri. reporter: neil, that's right. covid-19 pressures for social distancing, it all started with online learning, remember, but now months later, layoffs. listen. >> now up until now we have not furloughed faculty. we're not talking about

furloughing full-time or even tenured faculty which would be incredibly unique probably in the history of higher education, that is how dire the situation is. reporter: but it is not just private and small universities that are affected. according to a survey by abc insights, 72% of college presidents say staff layoffs are on the table. many universities across the country have already gotten started like the university of wisconsin and washington university in st. louis. the biggest concern, enrollment. 42% of college presidents are most worried about that. financing and length of the crisis are a close second. even lead institutions like harvard and the each -- ivies getting hit with hundred of millions of losses. the 14 billion-dollar earmarked for cares act probably will not

go far enough listen. >> of all the presidents many are saying the same thing, if we can't reopen this year, we don't know if we ever reopen. that is how dire this is if we can't get relief from the virus. i'm not saying the case for us but it is a case for good many schools across the country. reporter: neil, every year a handful of higher ed institutions close. this year covid-19 could be the straw that break the camel's back for many, many more institutions. back to you. neil: gerri willis, thank you very, very much. a lot of adjustments not only for colleges, what they do and students and what they do but for shoppers and what all of you do. bill simon is the former u.s. walmart ceo. and, bill, as we touched on last time, eventually store after store, going to walmart stores will be adjust together new environment. walmart stores have been dealing with the crowd control capacity issues, distancing issues. we're finding that it is a bumpy

ride for a lot of retailers opening up in state has even require far fewer people in their stores, then let's say 50%. some have it down to 20 or 30% but it is going to be adjustment, isn't it? >> sure is. i think retailers, restaurant owners are adapting as best they can. they know they have to keep their customers safe. i think by and large they're putting processes in place that will do that. i think reluctance of the consumer to come out is sort of matching the opening. so only, open at 25% capacity. that is sort of what is coming out now. the longer we're open, have a successful opening, i think customer and consumer confidence will grow. neil: do you think that it is changing, maybe permanently, at least fora long, long time, the way we shop? walmart has a very powerful online presence. you built that up. we're seeing amazon benefit from that. i suspect, given what has been

happening to walmart stock, what we've seen with amazon, a host of others, is that, it is that model isn't going to change. people like convenience of that. and, that mix of sales and way people retailers go about it, might permanently changed. what do you think? >> no, i do. i think that there is no doubt that the last couple of months have accelerated what was already a trend moving towards digital sales. i do think that there is still a good, strong, market for brick-and-mortar as things open back up. and at some point we're, the projections were that we would, we would be looking at somewhere between 15 and 20% of retail online. it might be slightly more than that but largely i think, it will be, it will accelerate the trend that was already in place and i think at lot of people probably to your point won't go back to the way they shopped

before. neil: you know, the famous investor paul dude door jones, bill -- paul tudor jones, bill, said if we delay or really push back this, you know, these reopening efforts, itself could risk worse recession, even a depression. do you agree with that? >> i do, i do, and much like the report on higher ed you guys just had, our world is not designed to stop and be able to start instantly. if the, longer things are closed the farther away from capital liquidity and employees everybody gets. so starting over, the costs of, the costs of restarting is now, with longer you're closed will approach the cost of a complete startup. most businesses can't afford to start up twice. so we paused about as long as we could pause.

it is time to start figuring out how to get things moving. the people who were weak before we went into this, they will have a very difficult time. i think the ones that were strong going into this will likely be able to recover. but it is going to be very difficult if it lasts a lot longer. neil: all right. always good catching up with you, my friend, keeping a close eye on that from the walmart perspective there and other retailers. meantime as we finished up there, we're getting more states opening up, 13 states opening up fresh, reopening adding phases provisions that almost every one of these states cases includes restaurants opening up, albeit with some distancing provisions.

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neil: all right. at the corner of wall and broad, an attempted comeback for stocks right now. technology is leading the way. we told you about nvidia earlier on, that had been looking at all-time high if it just sticks to the level it's at today. we told you about nasdaq, already in positive territory on the year, it's increased that. and about the market averages which are up in excess of 30% from lows reached a little more than five weeks ago. so if you take that landscape and see how far the markets have come back, there does seem to be

a bit of a disconnect between economic numbers that looked awful and market performance that looks better. susan li is following that and what some issues they are looking forward to. hey, susan. susan: reopening as well, so we do have a technology-led turnaround in the markets. the nasdaq 100 on a six-day winning streak and names like nvidia on -- at a record high. this is after new york state governor andrew cuomo says parts of the state have actually met the benchmark for reopening. now, we also have apple leading the advance today. apple closing in on those three-month highs, yes, on cash returns that they boosted up the dividend by 6% and also giving back and buying back $50 billion in stocks but also, ramping back up and reopening stores here in the u.s. for instance, boise, idaho, is the first to reopen since stores were shut in mid-march. 271 of them across the country. after boise, idaho, we have stores reopening this week also in alabama, south carolina and alaska and we know there will be

more safety precautions to get in so that means temperature checks at the door, also customers and also those that work at apple have to wear masks. if you don't have a mask, apple will provide one. of course, social distancing, so less capacity within these stores. we also talked about the ramp-up for one of america's biggest companies with apple's chief operating officer, number two behind tim cook, who says stores will be reopening. listen. >> our supply chains are running largely at capacity and people are continuing to work. i couldn't be prouder of the apple team and how resourceful they've been. you'll see us opening retail stores in the coming weeks and like i said, we are bullish in the long haul. susan: meantime, speaking of bullish, have you checked out amc's stock today, rocketing on the back of reports that they held takeover talks with amazon. amc was bought for $2.6 billion back in 2012 by one of china's richest men but of course,

covid, in coronavirus times, having to shut around the world. also, the success of "trolls world tour" which actually didn't even get to the silver screen, means that their business model in the future might be in trouble as well. amazon, well, they are trying to boost up and bump up their streaming services and maybe possibly looking at the big screen but as you see, amc entertainment seeing most of the benefits today. what about the global economic picture because there have been concerns about whether or not we will see a w, meaning a dip back into possibly negative growth. some see a v-shaped recovery, a quick bounce back in the second half of this year. however, you speak to the trade adviser at the white house, he doesn't compare this to the 1930s. we were going to listen to that, peter navarro's thoughts. he was saying this is not the great depression, in fact, this might be an inflection point for a lot of the manufacturing that comes back here to the u.s. and

it may not be a v-shaped recovery, according to economists this morning. they say it might be more of a swoosh shape. ever changing. neil: i got it. thank you, susan, very much. susan li following all of that. it's just not going to be the v-shaped thing. that's a growing thing. i think the markets have kind of reconciled themselves to that. we'll see. the meantime, we are also following states reopening. the big news is that a lot of them are reopening restaurants but there are a lot of caveats, including how many are allowed in those restaurants. grady trimble following that very closely. grady? reporter: yeah, south carolina, alabama and here in indiana, reopening today. like you said, there's capacity limits. this one has a limit of 50% capacity and you can see there are people here but it's not quite to that point yet. they've got the tables spaced out. they've got all of the staff wearing masks. there's hand sanitizer, if they

would like to use it, and all of the menus here are paper instead of the normal reusable ones so that they can toss them after each use. dan and val were some of the first customers through the door when they opened about an hour ago. dan, tell me first, what's it like to be eating out again? it's been awhile. >> we love it. this is the first day we are allowed to. we were quite happy to come in and have lunch. it's scheduled for tomorrow, too. i scheduled another supper for tonight. we are very happy to be doing it. reporter: obviously there are some changes that are going to take some time to get used to. you see everybody here wearing masks and there is hand sanitizer out on the bar. it's a little bit unusual but what do you think of these changes, does it make you feel comfortable and safer? >> yes, it does. we feel like we have been cautious, we have been safe, but we feel like now's the time to get moving again, especially our economy. a lot of people are hurting and we are happy, we are builders so

we're really happy to be working right now and we are getting a lot of new customers so we feel like the market is going to come roaring back. i met with new customers last week and it was really good, actually. people are excited to come back and i think we're kind of over the bad part of it and we're ready to do business. reporter: i will leave you guys to it. enjoy the meal, for the first time in about two months in a real restaurant. now, neil, i will say there are several restaurants here in downtown valparaiso where a lot of them have decided to stay closed and let this one and a few others be kind of the guinea pigs through this reopening process and see what works, what doesn't, and whether it's worth opening at 50% capacity, but this one, radius, where we are, open and the customers happy to be back. neil? neil: thank you, grady, very much. grady trimble following all that in indiana. let's get the read on all this.

jeff, i know it's the pafg of th pacing of this, the timing of this. i guess going from zero capacity to whether it's 25% capacity, 50% capacity, it's better than no capacity, right? >> that's right. the key to us is getting people back to work quickly from an economic standpoint and not letting this roll into long-term unemployment. the longer this goes on, the higher the risk that temporary unemployment becomes permanent unemployment, and that those unemployed can be out of the labor market too long which tends to lead to lower labor force participation. neil: are you concerned that some of those out-of-work employees are the ones who are in no rush to get back because their benefits are more, in some cases substantially more, than they would make otherwise? >> you are hearing a lot of anecdotal evidence about that. we have to be very careful

because the [ inaudible ] of anecdote is not data. in 2009 when benefits were extended by nine weeks, we had consistent stories of people waiting to come back until they ran out of benefits. the extended benefits meant we had a tremendous increase in long-term unemployment which really does tend to cause structural harm in the economy. neil: again, it's way too early to say something like that, certainly nothing approaching that. let's step back and look at what you're looking at. i know you follow as well the progress of the virus itself and we get reports of spikes in places like india, russia, then south korea, a cluster of new cases around the seoul area, these are luckily more the exception than the rule, but does that factor in to the pacing of this, in your eyes? >> i think as you open up, there is going to be some inevitable

spiking. it's how well we can control that and what you constantly hear is the fear of a second wave. we have been looking at the spanish flu pandemic, which was the cause of a lot of this concern, back when ebola was raising its head, and you have to be careful, the second wave in the spanish flu pandemic was the most deadly, but we don't believe that will hold true if we have a second wave here. neil: real quickly, we are looking at technology stocks, they have been leading the parade, getting another sort of lease on life here. there's no question that they have been the star performers but i notice that percolating in the background, albeit with not as much coverage or sex appeal maybe as what's happening with smaller company stocks, smaller firm stocks, whether those are represented in the russell 2000 or down way at the bottom of that, are you starting to see

that as worthy of note, that they have not gone along for this ride, suddenly they seem to be moving? >> well, small cap did outperform large cap last month by a little bit. but you're absolutely right, this doesn't feel like the kind of surge that you would want to see in small cap names, in value names that traditionally lead us out of recession. that's a cause for caution on our part for investors. we would also note that a handful of large cap technology stocks are all that's needed to move these capitalization weighted indices so that strength we are seeing in a given index may not reflect the breadth of the market. neil: yeah. a lot of attention paid to the chiefs, not all the indians. well put. jeff, always good having you. thank you very much for giving us the lay of the land. i want to go to jay timmons. he's a little worried. jay is the national association of manufacturers president and ceo and last time we were

talking, you were worried about factories that were still experiencing furloughs, those that even when they reopen are going to be reopening at limited capacity. i know that's the case in the 13 states opening or reopening or entering new phases today, michigan among them. what do you make of that, some progress but it's slow? >> well, there is some progress, neil. there's no question about that. we shed about 1.3 million jobs in april in the manufacturing sector. having said that, that's about 2010 levels for manufacturing. that's not depression era levels. so we are confident that manufacturing will again lead the way to an economic recovery. remember, a lot of manufacturing facilities, because they are making essential products like ppe and food supply, cleaning supplies, they have been in business since the start of this. they have been doing things smartly for the most part. they have been trying to make sure that their employees are

able to social distance and to wear proper protective equipment while in those facilities. neil: you know, i notice it's sort of like more governors are open to reopening manufacturing facilities, not nearly as many auto facilities so that you can go buy a car. you can do so online, i get that and all that, but you can't really get the manufacturing going without the auto sales centers reopen and vice versa. so this tug-of-war, i guess it plays out in states like michigan right now where the governor has announced plans to reopen chrysler, ford, gm facilities, it's kind of a tug-of-war, right? >> well, obviously until we get the entire economy open, there's going to be hurdles for each sector to deal with. and as you mentioned, the auto dealers obviously are a key part of the auto industry. so we are going to see that

throughout various parts of the economy and in states as they open up different types of businesses. the most important thing, i have been sharing this message as loudly as i possibly can, because this matters to our manufacturing workers, it matters to our entire economy. if you want this economy to reopen, if you want any semblance of life as it used to be, then we have to make sure that we are protecting each other. that starts with wearing a face covering. it's that simple. making sure that when you are out in public, you are safely distancing from your fellow human beings and you are wearing a face covering. you are not only protecting yourself, you are also protecting your neighbors, your family, and quite frankly, you are protecting my manufacturing workers who i want to make sure are able to be on the job and not home sick. neil: yeah, i do worry about the rush to reopen. i get that, i get the economy thing. i do worry, though, about little thought given to the safety of

the workers or the people going to see or shop with the workers. you know? >> well, i tell you, manufacturing can provide a great example if you look at, you mentioned michigan, for instance. dow is located there. they are doing incredible things to keep employees safe. part of that is slowing down the lines and that's unfortunate at this point, talking about manufacturing overall, but what they are trying to do is they are trying to make sure that the facilities are sanitized more frequently, they are making folks wear masks. these are manufacturers all across the country and it's really that simple. if you want to be a patriotic american, put on a face covering. it's that simple. neil: well put. jay, thank you very very much. got the american flag to boot. thank you very, very much. all right. well, you know, elon musk wants to get back into manufacturing. he says california is making it impossible for him to do so.

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neil: all right. elon musk is angry right now.

he wants to reopen his california facility, factory, start making these tesla 3 models and the rest, quite a few, but he can't. right now it's more of a county than a state issue, but he is looking right now to leave the state all together because it's gotten to be a pain in the butt for him. judge andrew napolitano on all of that. he's not the first, if you think about it, to say enough, already, with the hassles of being here. we are already seeing other hair salons and the like and other businesses that are suing california because they are just on their last breath. what do you make of this? >> well, california and good afternoon, neil, california is the rare state where the governor has authorized manufacturing to reopen but has given counties the ability to nullify this organization. we are talking about alameda county, right across the bay from san francisco. it's where the city of oakland is located.

that's where elon musk and tesla have a huge manufacturing plant which he claims that he can keep open consistent with the governor's orders and still be consistent with social distancing and other sanitary perspectives in order to protect the health and safety of his workers. the local county official whom he has lambasted, he's great with twitter, in a very aggressive way, who is not an elected official but is a county health official, has basically said we don't believe you, we don't believe anybody can do it, we have too many cases here, we are going to keep the county shut down. he said fine, we will leave the building, we will pay it off, we will sell it, we will use it for some other purpose and go to texas, where they are willing to take us tomorrow. can he do it? of course he can do it. in the meantime, he's filed a federal lawsuit against the county. now, it is very unusual in our governmental system for a county

to have the authority to nullify the governor, but these are unusual times and neil, as you and i have discussed in the past, we're not talking about laws enacted from the california legislature. we are talking about executive orders enacted by governor newsom. not to pick on him because he's not much different from other governors, but these executive orders are not consistent with the constitution of the united states, of the state in which the governor's located, and they change from time to time. neil: you are hearing the grief a lot of people say, for example, they go into an establishment and they are not wearing a mask when states require them or they are even walking on sidewalks and not aware of that in the local time, to what degree is the punishment justified either whether they are given tickets or there's a salon owner in texas who was threatened with jail, but how far do they go? i wonder about how things are

going to change whenever we get back, because i think they are going to change. >> well, the salon owner in texas, who in my opinion is an american hero, for standing up to an unauthorized closure of her business, the judge had no more authority to close her business than the governor did. in fact, the governor admitted he didn't have the authority to close their business and welcomed her back to work the day she got out of jail. that's an unusual situation. but in all of these cases when people are given a summons to appear in court or a ticket to pay a fine, and it is based upon the alleged violation of a rule or guideline written by a governor or some other executive branch officer in new york city, the mayor, none of these will be enforced when the pandemic is passed by the courts because the courts can only enforce

legislation that's been enacted by a legislature, not the whims of a governor, however well-intended that governor may be. we began to see that in texas. new jersey is the other extreme where they're actually putting people in jail for violating social distancing. the same jails they are letting people out of because the jails are so filled with covid-19. i can't predict how this will end but when it does end, i don't think anyone will be punished for violating a regulation that was not validly enacted by a representative body, a city council or state legislature. neil: all right. we will watch it very very closely. but they are still handing out summonses and fines and all that. so it's weird but it is what it is. judge, thank you very much, my friend. be safe, be healthy, be well. one of the finest legal minds i know and a nice guy besides. italian american. leave it at that. all right. we are also looking at what the president might be looking at

later today to goose the economy or what's in his pet list of things he wants to see. we know a payroll tax is one of them. we also know that collectively, washington wants to hear none of it. then what? after this.

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neil: if at first you don't succeed, just say it a hundred times. that kind of is the gist of the white house push now for payroll tax. the president thinks it's a good idea, can get money in people's hands very very quickly. democrats say they're not eager and a lot of republicans, including kevin brady, remember him from the house ways and means committee, not keen for it either. where is all this going? edward lawrence with the latest. hey, edward. reporter: it's going for another round of discussions, right. the president very adamant about the fact he would like to see the payroll tax cut in a phase four stimulus.

treasury secretary steven mnuchin is the one who negotiated the cares act, basically leaving it for the administration. he is also leading the next phase here of negotiation. here's what he says about this on fox news sunday. listen. >> we're absolutely pushing for the payroll tax cut. it's an incentive to get people back to work. it's delivering money to the american public and to business in a very effective way. that will be one of the components. you've heard mitch mcconnell talk about liability. we agree with that completely. reporter: president donald trump has not released how big of a cut or what length of time the cut should happen over. he believes that cutting those taxes will help businesses keep and hire employees and get more money into the system. democrats pushing back, saying they would rather give another round of direct checks. in a letter, the house speaker nancy pelosi said direct payments, unemployment insurance, rental and mortgage help and student loan assistance are essential to relieve the fear that many families are

facing. she also would like to see those direct payments go to states as well as increasing the food stamp program. now, republicans are saying they want to get back into session first before they start negotiating any of these things that have any bill written down. they are not in session currently. the cleveland federal reserve says the unemployment rate should peak in may. because of that, and the economic news they are looking at, republicans say the next round should be a stimulus package rather than a relief package and they believe the payroll tax cut offers that stimulus going forward. back to you. neil: edward, thank you very very much. well, we heard a dozen states, 13, technically, are opening up or reopening with additional phases that in almost every case includes restaurants opening up. but there are some provisos there. some could be limited to as little as 25% capacity. when you go in, masks, some cases, gloves, the whole nine yards, sanitizer, so will it be

worth the experience for a lot of people who might not be keen on that? ed ensi, former mcdonald's usa ceo, what are we in for with this? some capacity as i was mentioning is better than no capacity. certainly for the restaurants involved. what do you think? >> well, clearly people in the united states got a lot of common sense and our customers that are coming into restaura s restaurants, i surveyed probably 80 to 90 business owners across the country, say customers are behaving well. they come in with face masks on, they understand social distancing, they are opting to sit outside when seating is available. i think everybody is trying really hard and probably 90% of the people, both owners and the operators and customers, are doing a great job right now. i think it's getting better. i want to celebrate tampa, florida. they shut down a bunch of their streets, put picnic tables and umbrellas out and turned it in a street festivals.

they gave the streets back to people, not automobiles. that kind of intelligence, that kind of thinking is what we need more going forward. i think our people, our customers, are delighted to get back out and about and see their friends and socialize. i think we are going to have a real ramp-up in the hospitality industry as things loosen up. some states are really a problem. in california, it's so inconsistent, people don't know what to do, wear a mask, don't wear a mask, have a glove, don't have a glove. it confuses the customer, confuses the operators. the lack of leadership in california is staggering. neil: i always wonder for restaurant patrons, the mask thing is almost like an oxymoron but i assume you take it off while you're eating. the other issue is whether people will feel that given the meat shortage in some locales that it's not worth it yet. what do you think of that whole issue? >> well, there is clearly dislocation of supply of protein products in the united states.

but the gaps are getting filled up pretty quickly. i really fear for the ranchers and producers that are raising cattle, chickens, pigs, hogs, whathave you, because if they don't go to market they are going to be slaughtered. chicken farmers are breaking eggs because they don't want to develop the chickens. there's going to be some rubber band effect where we will have supply, it will get skinny, then be abundant again. in a year it will be completely gone but it is going to be a problem in some localities. neil: looking at the whole landscape here, who are the restaurant winners, do you think? >> well, clearly the people who have drive-throughs on their restaurants are doing extremely well. i have been talking to a lot of those folks and i know there are a lot of restaurateurs that build restaurants that don't have drive-throughs that are scrambling to see how they can re-footprint their parking lots

and put drive-throughs and pickup windows. i talked to a local bar operator in town, it's a nice neighborhood bar and restaurant, he's got a window that opens up out on the patio and he said his business is more profitable today because he's doing mostly carryout and seating outside, and he doesn't need the same size waitstaff. it's going to be all over the place. i think people in the restaurant industry are getting a lot more creative fast. neil: all right. i hear you. certainly seeing that. ed rensi, thank you very, very much. let's say when all this is said and done, not only are you inclined to go back to restaurants, the day will come when you want to travel, particularly abroad. i think the first wave will be those who are keen on domestic vacations. but there might be a requirement that you have to have your own health immunity stamp on your passport. how do you like that. after this. turn on my tv and boom, it's got all my favorite shows right there.

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neil: just get used to face masks. that's pretty much it. you go back to restaurants, back to flying, back to airports, masks, masks, masks, get on the planes, masks, keep them on. that's going to be the lay of the land. william lajeunesse following all of this, especially when we look at lax and other airports. not just l.a., everywhere. william? reporter: well, you're right, increasingly all major airports are requiring a face covering when you enter the terminal. we have seen about 95% compliance but not all face masks are created equal, right? here's the old n95, this is super thick and you actually breathe through that little filter. that's going to be a lot better than wearing this scarf, right, which you can see through, right, or this tight-fitting surgical mask is going to be better than this. all of them, however, meet the letter of the law, maybe not the spirit. how did this start? well, the flight attendants

pushed the airlines which pushed the airports to adopt this so they didn't become the face mask police either at the ticket counter or the jetway. what do studies show? that masks are more effective at stopping the infected person from projecting the virus than actually you breathing it in. here is some graphics. you can see the spray of a sneeze without a mask. the second frame, this is what it looks like when you blunt the sneeze with your forearm. the third shows how that cloud of virus stays pretty much around the infected person. it's pretty well contained within the surgical mask versus say a bandanna. >> we don't know who's got the virus, who does and who doesn't so just for safety sake, everybody should take all the precautions necessary. reporter: so some issues to consider which you touched on,

number one, covid-19 is aerosolized meaning the viruses get suspended in the air as tiny particles for like 36 minutes. you need to consider that when wearing the face mask. that's one of the reasons it helps. now, a good fitting mask is okay but if it's a bad one, the virus basically gets in and can still contaminate you, giving a false sense of security. secondly, a mask is supposed to stop you from touching your face and membranes and nose and ears, but if you are on a six or seven-hour flight, and you are doing the straps taking off, you are eating, drinking, touching the front of it, theoretically the virus is, well, that can defeat the purpose. thirdly, you know, what's practical, right? some of these people take it off, take it on, not really good. finally, they say the best combination is keeping the social distancing as well as the mask and as well as basically practicing good hygiene and washing. that is the best thing. because you are supposed to wash

these things every day and of course, when you are traveling, that's really not practical. so it's the law, it's the rules, on the airlines you are going to do it, but you got to make sure that you're not defeating the purpose of the mask in the first place. neil? neil: well put, william. good job navigating those huge crowds at lax to deal with all of this. you are a trooper, william lajeunesse. it's surreal, you look at airports, look at stores, look at establishments, it is like ghost towns still. meantime, lauren simonetti joining us. when you do get up to flying or doing pretty much anything, they might be requiring health task force to make sure, make sure you are virus-free. what's this all about? lauren: yeah. documentation that says hey, neil can come into our country. we want to get people moving around again. that's the goal. but you have to -- countries

have to make sure that it's safe to let you in, especially countries that are really reliant on tourists and tourist dollars. italy, greece, spain, also countries like germany and the uk. they are all considering this idea of a health or immunity passport. what that basically confirms is that this person has had the virus, has antibodies to the virus and are therefore immune, they can come on in. how would something like this actually work? well, you take a selfie and also a picture of your i.d., you upload it on an app. you also incorporate the results of the covid-19 antibody test that you've had, then the app matches your health data to your profile so when you go to check in, whether it be at the airport, a hotel or even at a place of work, a business, a qr code is generated that says okay, this person is safe, they can come in. the world health organization, however, is not sold on this idea. this is what they tell fox business, at this point in the

pandemic, there is not enough evidence about the effectiveness of antibody mediated immunity to guarantee the accuracy of an immunity passport. critics say this could actually encourage people to go out more, do the wrong thing, so they get infected, therefore they are immune and therefore, they can go more places. that's the negative. however, we were just speaking to one of the companies that is working on the technology to get a health passport, and he said this. he said when there is a vaccine, immunity passports are going to be very popular because it will say so and so is able to come in, we don't have to worry. this is the way of the future. neil: yeah, but what if it's dated information? say at the time you had this, you know, stamp of approval, right? so all of a sudden, there are ways around that, right?

lauren: there are ways around everything. nobody knows right now. but you have to figure out a way that you can get people moving again. you know, when you look at italy, 20% of their gdp is tourism so if there's a way to make people feel a little more comfortable that foreigners can come in, maybe you could open up a little bit in that way. hopefully when there's a vaccine, an immunity passport will show okay, this person got it and maybe that's the best solution that we have. nobody knows. nobody knows. that's why the w.h.o. is against this idea. we spoke to a lot of travel experts and i would say a lot of them agree with the w.h.o. neil: all right. we will watch it closely. always good seeing you. lauren simonetti following all these quick-moving developments. dr. safire on this, whether that's a wise strategy or whether it's not really worth the passport it's printed on. we will also talk about how the virus itself could be mutating and so are the symptoms and those it is targeting.

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or finding... somebody new, like a specialist. there are no networks and no referrals needed. none. and when you travel, your plan will go with you anywhere in the country. so, if you're in another state visiting the grandkids, stay awhile... enjoy... and know that you'll still be able to see any doctor who accepts medicare patients. so call unitedhealthcare today. they are committed to being there for you. tick, tick, tick, time for a wrap up. a medicare supplement plan helps pay some of what medicare doesn't. you know, the pizza slice. it allows you to choose any doctor, who accepts medicare patients... and these are the only plans of their kind endorsed by aarp. whew! call unitedhealthcare today and ask for this free decision guide. neil: timing is everything and

in the new york city metropolitan area, this shot we often show of times square and often times we alternate it with others like the avenue of the americas, some of the busiest thoroughfares in the world. they are going to be still looking fairly bleak and unpopulated right now. new york city mayor bill deblasio saying the way things stand right now, this whole lockdown will likely continue into june. governor cuomo didn't say anything to dispute that. we are also monitoring in the new york metropolitan area, new jersey, that's a closely watched state as well, has the second highest number of cases. the governor phil murphy is talking to reporters right now and nothing he has indicated thus far would show anything veering from a plan that pushes these provisions, sheltering provisions, until at least, at least june. i want to talk about this with dr. nicole safire, who joins us on these developments. you know, doctor, this is something you and i have gotten into before, this idea that, you

know, it's all about keeping people safe, i get that. there's the economic argument that this obviously compromises our economic comeback. but it's going to be pretty staggered, isn't it, for the country as a whole? >> i mean, it really is, neil. you know, in new jersey, where i am right now, i can tell you there are still over 4,000 people hospitalized in this state with covid-19, although on the bright side of things, the hospitals are seeing fewer and fewer cases. we are having fewer and fewer deaths every day and the hospitals are not overrun which was the biggest concern we had two months ago so we are absolutely on the right track. these are all encouraging things. but the truth is, we still -- there's still a lot about this virus that we don't know. we are having new reports every day about different ways the virus may present. we still don't have confirmed treatments, we don't have a vaccine yet, and we don't actually know if the presence of antibodies confer immunity. there's a lot we don't know about it. so the main goal right now is to

try and keep people protected from getting the infection at all. neil: i know you are leery of, you know, big government and what it can do to maybe exacerbate some of these tensions, but in your book "make america healthy again" you do say it's up to personal responsibility. i get that. but the government is still going to be pushing perhaps for some time, doctor, at the very least masks in public, certainly masks when you get to an airport and it could be lasting for many months. how do you feel about that? >> let me tell you, i believe that the government has a responsibility to the citizens to provide information, full transparency, give us all the information we possibly -- that they have, that we could use, concerning this virus. whether or not we wear a mask when we are walking around just outside in public, if we are doing proper social distancing, i don't necessarily believe that they should be able to tell us what we can and cannot do. i think they should give us the tools and the education for

businesses, how to reopen, tell people how they can avoid the viral infection, because the bottom line is, some of these authoritarian measures are actually going to have significantly more long-term consequences than the virus itself. so as you know, i am a big proponent for individual responsibility and accountability. we all know if we are vulnerable, if our family members are vulnerable and we have to do what we can to keep people safe, but i'm more call on big businesses. i think they should be allowed to open as long as they can prove to their employees and the public that they are going to keep people safe. put the onus on them. we are a capitalistic society and therefore, they need to step up and ensure the safety and the health of their employees. neil: real quickly, doctor, i would like your thoughts on god forbid something like this were to happen again, we get another thing like covid-19, and we go through this again, i mean i

this now going to be the automatic response, should it be the automatic response? >> let me tell you, i think they are going to think twice again before they start shutting everything down but i will tell you the one thing they will learn from, the fact that president trump tried to institute a travel ban early [ inaudible ] and more strict, i think we would be in a much better place than we are right now but as we saw, his travel ban initially was fraught with a lot of scriticism and wasn't as universal as it should have been. maybe we should be having these travel bans because if you decrease the a cases brought into the country, it is much easier to mitigate that sfrprea early on. neil: good catching up with you. thank you. be well, be safe, be healthy, your family as well. as the doctor was speaking, we are getting a couple more details out of the new jersey governor, much like his new york counterpart is reporting a decline in the number of hospitalizations. again, that drop continues.

i don't know for how many consistent days. but it's among some of the encouraging developments a lot of those in the medical community as well as those deciding their states' futures on easing these provisions to look at. more after this. look, this isn't my first rodeo...

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you've probably been investing in your home for years... making monthly mortgage payments... doing the right thing... and it's become your family's heart and soul... well, that investment can give you tax-free cash just when you need it. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be a part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. so you can... retire better. ♪. neil: all right. before i pass this along to

cheryl casone. doing yeoman's work . technology is providing wind for major market averages. stocks continue humming along. they don't get the appeal or the press notoriety, they are such a amorphous group but they have been doing very well. in the last month they have outperformed the big stocks. of course they have way underperformed the big stocks over the course of this entire market correction, bear market that is now out of it. but a comeback worth noting. all the major averages right now are up in excess of 32% from those all-time lows that we experienced.

not all-time lows, but certainly the bear market lows. that's quite a comeback of 32% plus for all major averages. look at that nasdaq, continue to race along. now to cheryl casone in for charles payne. hey, cheryl. cheryl: netflix could hit a new high. i have given up my time for netflix during the pandemic. neil: you're not alone. cheryl: neil, thank you so much, sir. good afternoon, i'm cheryl casone. i'm in for charles payne today. this is "making money." we have breaking news right now. take a look at markets, heat it us for us, nasdaq and s&p. dow slightly down. we could have green arrows at the close today. we have been down most of the session. there have been concerns about a second wave of coronavirus cases. investors are also looking ahead to another week of earnings. we have blockbuster reports