stuart: we could all use a haircut. that is another story. stuart: just reminded me of korean video where the young child running into the room as poor dad is trying to do a report. there is gracie on the show. thanks, ash. neil, it is yours. neil: that is hard to top, stuart. thank you very, very much. some developments taking wind out of market sails here. twisted development what dr. fauci said about remdesivir, dialing back expectations for it. a lot of this had to do with some concerns that some big advertisers like gm, pepsico, "wall street journal" reporting that they might dial back their spending plans on tv networks. that is not such a shocker here. the fact it is put out there and they're obviously crafting a plan like that or they could be sort of rains on the economic

come back parade. not startling, but reminder these companies are trying to conserve cash. they look to do it reining in the advertising budgets. the effect on broadcast industry, cable industry, newspapers, publishers, that could be pervasive this is not a shocker. something i want to pass along. also broadway right now, it is all blacked out. there are no shows. that will continue to be the case at least through labor day. we're getting word from broadway producers this will be case at least through labor day. reminders here even when we get back to business it could be slow-going. certainly in the new york metropolitan area. certainly among big corporations that have reining in to do. all right, back to dr. fauci, the kind of things he is outlining right now, the state of the coronavirus. his concern about not opening up too, too quickly. although it has been kind of a back and forth on this.

sometimes, no offense to the principles involved, kind of like watching paint dry but if you're into that, have at it. edward lawrence is a riveting figure in and of himself but he relgated himself to monitoring this very, very closely. he joins us right now from washington. hey, edward? reporter: neil, that paint is drying on hearing because now there is social distancing involved in all of it but the head of infick schuss diseases at nih, dr. anthony fauci you talked about, states need to follow guidelines to open up. the guidelines are being worked on and finalized as we speak but states should not skip over checkpoints as the guidelines go up, if that happens then the economy can open up successfully. listen to him here. >> there is no doubt, even under the best of circumstances, when you pull back on mitigation you will see some cases appear. it is the ability, or the capability of responding to

those cases with good identification, isolation and contact tracing will determine whether you can continue to go forward as you try to reopen america. so it is not only doing it at the appropriate time but the appropriate constraints and having in place the capability much responding when the inevitable return of infections occur. reporter: the head of the cdc also in this hearing saying they are working right now with state and local governments to come up with that testing. they said it is extensive test something critical to getting back the public confidence, being able to track the transmission is critical. now if there are flare-ups, dr. fauci says remdesivir has proven to be 31% successful speeding up, i should say speeding up the health, getting back to health for patients by 31%. he says they're working to build upon that 31% speeding up of

recovery. now in addition there are multiple vaccines that show promise according to dr. fauci. they're evaluating 10 candidates that are very promising and will move forward with those 10. fauci says the phase three testing could be finished by early winter. still a vaccine will not be ready for use by the next school year. fauci recommends all schools have the ability to social distance but also the ability to test and track transmission to lock down any hot spots. the bottom line from this hearing the economy can reopen if done the right way, following the guidelines of the task force is going to release. one more piece of news here. this one on china and trade related. china announced today would suspend increasing tariffs on 70 different types of goods from the u.s. into china. now the tone from the president himself has certainly softened and changed between china when the two heads of the trade teams had a phone conversation related to china that phone conversation according to the u.s. agreed it

will still buy $200 billion of goods and services from the u.s. so a lot of news here to cover. paint is drying but the bottom line from this, at least the hearing the economy should be able to open up if done the right way. neil: all right, well-put. you actually made that riveting as you always do. edward, thank you, very, very much. edward lawrence here but as he pointed out it is kind of tough with everyone doing things, video services and distanced apart and coming from all over but they're getting it out there. we're monitoring that. also reaction to all of this. kind of a tepid response because you have incentives to buy and incentives to sell. you're looking at technology with enormous runup yesterday leading this parade. markets hanging on to gains, what could be six straight gains for the dow jones industrials as we maintain this pace. jackie deangelis has been monitoring all of that, has latest on numbers, what is moving, versus what is not.

hey, jackie. reporter: good afternoon to you, neil. the markets are pausing, watching the fauci testimony, 24,000 on the dow is the gravitational pull, right? we haven't strayed too far from that in terms of volatility until we see what happens. fauci is talking about the reopening process because each state will have to follow different guidelines because everyone's circumstances are so different but he talked about some concern about a resurge. people worried if we reopen too quickly, we get to the summer and get to the fall we could have another problem on our hands. we have to react cautiously and respond, saying at the same time you can get back to business if you follow guidelines. market is waiting, watching, reopening, all the sperms, everything that is happening. apple one of the ones out there. no surprise on the back of the fauci testimony you're seeing drugmakers move, companies like gilead and moderna because it will be testing, it is going to

be treatments, it is going to be vaccines that will help the process along with respect to the pandemic. what has driven markets lately, neil, it is so interesting, really big tech. it has been amazon, apple, microsoft, google, facebook, these are companies that have increased their role as technology is helping cater to people during this pandemic but at the same time, do you remember that this was supposed to be the year of big tech was going to be on the hot seat. wasn't supposed to be fauci sitting in the chair. it was supposed to be the zuckerbergs of the world. so they're serving the pandemic. all of that is on pause. all the power conversation, all the dominance and breakup conversation as big tech is really fueling a lot of the gains we're seeing in the stock market right now. with respect to the reopening, the next example i want to point you to is simon properties. they plan to have half of the malls and shopping centers they own and operate open this week.

these are the test cases. are the employees going to follow the rules? are the consumers going to follow the rules? are they still want to go out and not be scared to go to a shopping senter? this all stuff has to play out, neil. you see the dow saying okay. we're just going to wait and watch and see what happens. but that is much better than a volatile swing in either direction. back to you. neil: some direction, thank you very much, jackie. you just heard a little while ago right now broadway will be shuttered at least through labor day right now. that could telegraph maybe where the thinking goes with new york metropolitan area, how soon it will get back to business, not as usual, but just anything more than the sparse crowds that are non-exist tent, certainly new york metropolitan area that extends to the five boroughs. that worries my next guest. nicole is a new york state assembly woman. her district includes places like staten eye lan and beyond.

assembly woman, very good to have you. you're concerned obviously this hits your area directly. you want to see staten island businesses reopen or at least beaches reopen. what reaction have you gotten from the governor, if any? >> i think we need to take a balanced approach. obviously public health needs to be paramount but there are industries, even here in new york city that we can open now. i'm speaking particularly about construction. construction, home improvement contractors, they want to get back to work and there is no reason with most of their work taking place outdoors that they can't. as a matter of fact affordable housing construction continued throughout the crisis in the city of new york yet the governor continues to prevent any building, single family, commercial properties, something as simple installing a pool or fencing where you have very few guys at a worksite. it doesn't seem to be consistency. we have three economic regions in our state opening but that will allow manufacturing,

construction, as well as some retail curbside pickup but new york city is excluded from that. i believe that we can begin with utilizing construction as a first step, an important industry for our state. roughly 400,000 jobs in the last couple of years generated about $85 billion in economic activity here in new york city alone. so i think that is a good place for us to start. neil: you know, assemblywoman, you're not in the epicenter of the new york metropolitan area that has been impacted by unusually high number of cases or deaths but you are part of it and i think the argument has been going at least from the medical folks who are guiding governor cuomo there is great risk opening too soon. how do you respond to that? >> well i agree. i think it needs to be a balanced approach and we should be consulting with medical experts. to give you an example, mayor de blasio is shutting down streets so people have room to

walk around, yet he keeps golf courses, tennis courts, even potentially the beaches closed. that is just inconsistency that doesn't really make sense. i think we could have a balanced approach, start looking at those industries where transmission is less outdoors. let's utilize that to get some economic activity going. as you know there is 1.6 million people in this state that have filed for unemployment claims or receiving unemployment claims. another 400,000 or so that are in the queue waiting. people do want to get back to work, particularly in the construction industry where you do, you have osha training. you have ppe you're wearing. you can do it social distancing. as i said, affordable housing construction continues in the hardest hit parts of this city and yet we can't have two guys installing a pool in someone's backyard. i think we need to be reasonable here as we look to move forward. certainly want to take doctors, the doctors advice, dr. fauci i think had it right.

he is talking about having a balance here. neil: right. assembly woman, thank you very, very much. keep me posted how your campaign is going to be equitable about this she is looking to make sure everyone and their interests are adhered to. dr. roger klein joins us, health policy expert, much, much more, doctor, what do you think of the what the assemblywoman was saying there? people wince a little bit as they do not apply to them as they do elsewhere even in the new york metropolitan area? we got from dr. fauci, we move too quakily contrary to what the assemblywoman is talking about, we might regretth. where are you on this? >> we need to move ahead. we know enough about the virus -- it will kill, perhaps, two, maybe as many as four out

of 1000 people. much less severe than we originally thought. meanwhile we have 33 1/2 million people who have filed for unemployment. we have an unemployment rate probably approaching 20%. we're at the point where the cure seems to be worse than the disease. in my opinion i think we understand now that this virus, while very severe for some, certainly many will die from it is much less than originally anticipated. and the economic realities of this, if we continue on the current path, could be devastating. neil: you know, dr. fauci, respected though he is across the country, got a little bit after put-down by senator rand paul who said he is not exactly been you know, accurate in all of his predictions. i'm just wondering whether we're hanging our hats on a guy who widely respected and admired as he is, might be overstating this

case? what do you think? >> well, dr. fauci is obviously a very smart guy. i don't want to criticize him personally. what i will say is, we're talking about questions that were very difficult to anticipate and we are really, previously in the realm of the unknowable and we prepared for worst case scenario. i think that was important to do. certainly we don't want to overburden our health care system but we're at the point now we understand this virus. we've got, we've got really good natural case studies. we have a prison in ohio, miriam correctional institute, they tested every prisoner, over 2,000 prisoners. 96% of those, over 80% are positive. 96% of those had no symptoms. we have 13 deaths. so we're looking at a unrepresentative population, worse than higher risk population that has about a .5, to .6% death rate.

that means, that this virus is for most people not nearly pass severe as we originally believed. you know, i, i work in emergency rooms for a long time and i never got sick. i saw patients with tuberculosis. i know there are ways to protect ourselves. what we need to do is focus using common sense measures in the economy to protect regular citizens but most important, those who are at the highest risk. neil: dr. klein, very good catching up with you. be safe yourself, good health. dr. roger klein. other news items we're breaking here today, we're hearing major league baseball is ready to play ball. it is presumably going to happen starting in july. this of course on the heels of nascar indicating that it wants to get racing again. they could all take the queues from ultimate fighting. the president of the ufc is next because they were on this long before anyone was on this.

some lessons about this after this. ♪. so i listen to audible almost any time that i can. it's my own thing that i can do for me. since i don't have time to read, i mean i might as well listen. if i want to catch up on the news, or history, or learn what's going on in the world, i can download a book and listen to it. i listen to spanish lessons sometimes to and from work. yea, it makes me want to be better. audible reintroduced this whole world to me. it changes your perspective. it makes you a different person. see what listening to audible can do for you.

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that might be an abbreviated season but rescue the season nevertheless. there are players concerned about their exposure, vulnerability to the virus as a result. some are very concerned not getting paid as much money. football planning to launch in the fall, maybe, maybe not to empty stadiums. basketball, they gave up, you might recall that. nascar will rue assume. they might take cues from dana white, ufc president. they resumed operations without so much as a hitch, without crowds in florida. dana white joins us. dana, very good to have you. >> thanks for having me. neil: how did it go on friday? everything surprised out of a fight outcome, how do you think it all went? >> it went really smooth. health and safety is something we think about every weekend here at at uufc.

that didn't just pop up with the coronavirus. leading up to the event a lot of testing with our doctors. we did the antibody test and the covid-19 test. actually, one future ended up positive. we have a fight this wednesday and this saturday. we'll do over 1100 test this is is -- tests this week. neil: that fighter, souza, a brazilian fighter, he tested positive with the virus. >> right. neil: unlike basketball, one player some weeks back, tested positive, they scrapped their whole season. you just found a replacement fighter and continued. were there any ramifications for that? >> here's the thing. this week i said we'll do over 1100 testing. somebody is going to be positive. you will find out. neil: yeah. >> that means it worked. you found out somebody is positive. now we know -- think about this, this guy had it and cut weight,

trained, prepared for this thing and never knew he had it. so now we know he did. you got the guy in isolation now. we know he ace sick. we'll take care of him and his family. as we continue to do this, we'll find more people. when we find more people, we'll get them the help that they need. what you don't want to do is do the fight, and then find out three days later that he had covid-19. so the system that we have in place works. neil: you know what i found fascinating, like you said, you're doing a lot of testing and i'm just wondering, how many cases have popped up since that testing began in ernest? >> one. we had one athlete that had -- because of the testing. we're here again this week. i will be tested three times this week, for both covid and antibodies, before each event i'm being tested. all the people connected from

production, behind the scenes, athletic commission, everybody is being tested. neil: now, obviously no one in florida, last friday, nobody in the stands or whatever, you eventually want to get people back to watch this sort of thing. how likely is that? >> i don't know. it's literally something i'm not even thinking about because you know, i figured out how to fix this thing to put on my events. until some different level of testing is available there is no way. the president told me that there is a thing that is probably coming out, that is a tab, that you lick, it tells immediately if you have it or not. when you get to that level of testing, maybe you can have fans come back. but until then, it is very unlikely. neil: you know, you and the president are very close. he of course a big admierer what you're doing. you went to an event not too

long ago. so how long have you had this close relationship with the president? >> i have known the president for almost 20 years and, you know, the guy has been amazing friend to me. he is an incredible human being. he called me saturday night, said congratulations. i knew you were the guy. i knew you were do it. you know, he has been a really good friend. neil: he is getting a lot of criticism, people are saying hey, should have been on this a lot earlier. as a friend does that bug you, what do you think of it? >> [laughter]. listen, i was doing this event on saturday. i was satan last week, you know what i mean? believe me i, i think that the president has done a great job. i think the cdc has done a great job and i think that our local governors have all done a good job. you know, this thing could have been so much worse than it was. i think everybody has dealt with this, handled this thing pretty

well. neil: do you know if, someone like mcgregor were to come back, have a big event, he wouldn't want to do that to an empty venue. that is like a stadium caliber event. i'm wondering do you hold on the big, big events until you have clearance for that sort of thing? >> that's a great question. you do the right conor mcgregor fight in right place, that is 18 million-dollar gate. we lost five 1/2 million dollar gate this weekend. you know, it just, it is what it is right now. if you want to run your business, you know, i have tv partners all over the world that are expecting content from me. it is unfortunate i'm going to lose my gate but i have to honor these contracts too. neil: you know what i'm wondering how ferguson to heavily favored this guy experienced, was a college wrestler i guess, how did he lose that?

there were big ticket events coming up that would feature him. what happens now? >> this is the sport. anybody can win on any given night and anybody who thought that justin gauge couldn't win this fight is nuts. this was such a great fight with so many buzz, two of the absolute best in the world were facing off to find out who fights the champion. that is how it happens. neil: this russian fighter, i'm probably mispronouncing his name, he went back to russia, probably a trip he regrets making, because he couldn't, i guess still can't get out of russia. so what happens to him? >> so habib, he didn't go back to russia. he flu somewhere else and got sent back to russia while this thing was going on. neil: i got it. i got it. >> so i made a mistake. he made a mistake. we all made a mistake letting him take this trip. you know, i'm building out this

infrastructure on an island. what i'm calling fight island. one ever the things when i started looking how will i run this business over the next year or so? what will be my biggest challenges. number one, that pops up is international fights. how will i bring in people from other countries to fight in the united states or other parts of the world. i'm building out the infrastructure on an island right now. it should be done by mid-june. i will start doing international fights there. habib versus justin gagey will probably happen on fight island. neil: wow. what happens to ferguson? >> ferguson will get another fight. that guy needs some time off after this last fight and he will fight one of the other top contenders in the world. neil: you know, dana, you're very savvy businessman. i followed your life history enough, where you are now. i find it interesting that the same people, and you were

quasi-joking about how you were viewed as satan last week, i don't think you're satan anymore because a lot of people are knocking on your door trying to find out how you did it, how you go about doing it. baseball wants to reopen. nascar will open up with empty stands much as you did, but they all seem to be speed dialing you. what do you tell them how you go about this? >> well, thank you, and you know, we put together a 30-page document that we submitted to the governor of nevada and the governor of florida and, you know, it lays out all the safety protocals and everything we put in place to pull off an event. we're sharing this thing with whoever wants it. we have had some of the leagues reach out to us, not just in the united states but in other countries and some cities we've been sharing it with too. neil: you know, i think that is brilliant because it doesn't look like you're being selfish about it or being proprietary about it.

this is how i'm doing it. you guys want to do it this way have at it. this is my gameplan. if you like it fine, you don't like it fine. i think that is very good way to go about the process. well good luck with everything -- go ahead. >> the president put together a call with all heads of sports, i thought the call was really well-done. we did two of them. we got the doctors on the phone. so there was a lot of great questions asked. a lot of great input from you know, all the top minds in sports. and i thought it was very productive. i got a lot out of those too. neil: i think the most telling moment was not shutting everything down when you had the one fighter, sues sachs -- souza, other fighter picking up virus. basketball rues the way it did. you did not react that way. i think it might have saved your sport. >> thank you, sir, i appreciate

it. neil: best of luck to you. good luck coming out of your shell, dana. does appear to be working. very good having you, very, very good having you. dana white, ufc president. he might provide guidelines and guideposts how businesses get back to doing what they like to do. we'll have more after this.

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neil: tesla plant open in california. so far elon musk has not been arrested by anyone. this ignoring county statute that said he couldn't do it. well he did it. jonathan hunt with more from l.a. hey, jonathan. reporter: hey, neil, he did it indeed. elon musk openly defying orders by alameda county health officials when he ordered reopening of the tesla factory in free month, south of san frond. sent his workers back to the assembly line. musk tweeting, i will be on the line with everyone else. if anyone is arrested i ask it

only be me. arrests seem unlikely. the county sheriff said it was up to the free month police. the fremont police said it was up to the county health officer. the county health officer simply said they were waiting for tesla to submit a safe opening plan. saying in a statement, we look forward to reviewing tesla's plan, coming to agreement on poet call and a timeline to reopen safely. that plan was due to be submitted by 5:00 p.m. local time yesterday but we have no indication it was. there has been a lot of reaction on twitter as you might expect, to those who support the quick reopening of america, musk was a, quote, legend and a patriot. to others seemingly more concerned about workers health, he was quote, another self-fish billionaire. the president of course weighed in too, writing california should let tesla and elon musk open the plant now. it can be done fast and safely. while california governor gavin

newsom dodged any involvement in the showdown by simply saying he wanted the county and the company to find agreement. >> and my belief, hope, expectations is as early as next week they will be able to resume reporter: no word from the county or from tesla. as yet today whether the conditions required by county health officials for reopen having been met but the tesla factory appears to be up and running once again today and elon musk, neil, seems unlikely to be unduly bothered by the potential of a 1000-dollar a day fine. i think he probably spends that on coffee. neil: you know, i think you're right but unduly deterred. i like it. thank you, my friend, great job as always, jonathan hunt following that. if anyone does try to punish or arrest elon musk we'll be following that very, very closely. the local officials are furious

apparently at this as jonathan hinted. the governor not so much. the president not at all. keith fitz-gerald on all of this. keith, this is not the first time that businesses like small one salon owner atlanta, georgia, opened up before she was allowed to elon musk. people are getting testy to all of this. what do you think of this? >> this is the land of the free. this is an independent country in terms of its spirit, the way people look, hope is a powerful motivator. i think elon musk is absolutely correct. he is forcing a discussion, and it is not surprising the government officials are all doing this, neil. because they lead from the back where somebody like musk leads from the front. neil: all right. i misstated the salon owner was in texas. we talked to her. you would think i would remember that. get your take in new york because it is interesting the country is slowly getting back to business, two more states

today expanding reopening plans and yet new york city and metropolitan area looks like it could be pushed back significantly. broadway will be closed, right through labor day. that usually tell -- telegraphs what the rest of the city might or might not go through so how do you feel about the nature of this rollout? >> neil, i have a very personal involvement in this. my family is immunocompromised. on one hand the family, business investor wants the country open. on other hand my family is terrified because of this ghost because we're significantly at risk. i understand both sides of the argument but i think at that point we managed to offset in the denser areas, manhattans of the world, are going to be the most problematic to open because people are simply in the closest proximity to themselves. neil: well-put. well-put.

you do have to balance that. you're exactly right. it is tough. it is tough. thank you my friend, very, very much. we have a lot more coming up. we have wolfgang puck, of course the great restaurateur. what he is concerned about restaurants that go way beyond his own. he can absorb this. he is not so sure other restaurants can. what he wants to see happen and fast. we'll talk to him. we'll give you an update with how things are going with this sudden uber fixation on grubhub. the fact its looking to buy grubhub has sent the stock soaring more than 30% today. here is the latest figure. the feeling seems to be in the eyes of uber this would be a wise investment. we shall see. stay with us. you are watching fox business. you turn 40 and everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days.

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neil: all right. a quick coast to coast poll for you. what governor do you think has the highest bipartisan poll ratings for the way that governor is opening their respective state? it is not andrew cuomo in new york. not gavin newsome in california, it is mike dewine in ohio, getting partisan praise for his cautious approach that continues today with unwinding of provisions he put in place long before any of those other states. right now the read from matt finn. what is next on the ohio front when it comes to easing up? mr. finn. reporter: neil, ohio's governor says 90% of that state's economy is opening up. means more than one million unemployed workers in the state will get back to work. today, mostly malls and retail stores that are opening. this friday the 15th, hair salons, barbershops, nail salons can open along with outdoor dining and restaurants. next week indoor dining can

resume in ohio. all the businesses are required to adhere to various safety measures, including reduced capacity, employees wearing face coverings, employees health checked daily and added physical barriers and constant cleaning. ohio's governor says his state can simultaneously open the economy while protecting ohioans. it is public confidences that will determine how fast the state's economy moves. >> i think the most important thing is we open the economy up, for the public to have confidence when they go to a restaurant, when they go to a jewelry store, go to a grocery store, everything that can be done is being done to protect them. reporter: ohio ace governor emphasized importance of child care, calling it essential for working families. he will not reopen child care centers until he has a complete science and safety-based plan. the state of ohio is offering a 500-dollar rebate to liquor

license holders as they restock for reopening. neil. neil: all right, matt, thank you very, very much. these states continue right now, with ohio today, colorado today. we had 13 states yesterday. in one way, shape or form that have opened or reopened or continue various phases. more than half the country right now in is the middle of this process. by the end of the week it will be 2/3 of the country. not all going at the same pace by far, but still pacing themselves just the same.

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south carolina is reopening and some of the things they have done specifically. all one million nursing homeworkers will be tested within this week actually. dr. fauci praising south carolina as a noddle going forward of how a state could open up. he says that he wishes he could actually clone what they're doing for the rest of the states. you know, south carolina having strict rules, they're also looking at social distancing guidelines, additional businesses in south carolina will open up on may 18th. so there are phases the way of opening up. dr. fauci looking to south carolina as this being the model to possibly opening the country. back to you. neil: edward, thank you very much, my friend. edward lawrence on all of that. we're monitoring comments dr. fauci is making and others making back and forth. sometimes you will see us dip in. you see mitt romney pop up. what the heck? we're monitoring that. we're monitoring the economic fallout of all of this. much to reopen the country is to

reopen the economy as well. anthony shea, home depot chairman and ceo is with us right now. how do you think the process is going right now, anthony? >> he will with the uncertainty is starting to calm a bit. our organizations, transition, 7,000 plus full-time employees working remotely and working from their homes. we adapted fine. we're still funding loans for americans. neil: you know, sort of like a catch 22 though, not across the board, anthony. rates have never been lower or close to this low. not everyone can take advantage of them. could you explain how that is? >> well according to reese news, neil, you're aware as anybody, one out of five americans are currently not working. so that is certainly propelled the ability for someone to

qualify on a monthly payment. at the same time, you're right, interest rates are at all-time low. so on one end, things are going very well, because cost of money is low and accessible, even with us sheltering at home forbearance and defaults of some mortgages could be increasing in the future, and the economy's development and pressure we're under in the economy. neil: i noticed a lot of sellers who have been pulling their listings, as a belief, one out of five number, people time being don't have jobs or at least not for the near future. maybe they realize i don't want to see it suffer devaluation of my property, so i'm talking it off the market. how pronounced a trend is that? is it just a aberration? how do you see it? >> well this is america. the greatest country on earth. and, tough country. we're resilient. this is, you know, obviously

something that we have never seen before. it is not, really can't look back at a case study. however, i think how you look at it from a real estate perspective, i think any sellers on the market today is a real seller and anyone that is a tire kicker, trying to see if they can get a certain price for their home is probably not going to go through the work and challenges in this market to try to test that price. so from what we're seeing, a surprisingly real estate transactions are still very strong. we would have anticipated it would drop off fairly significantly but so far it hasn't. it is still fairly strong out there. neil: where is it strong right now? the reason, i have spoken to realtors of late who said, many are looking cautiously at whether it is worth it to go into major urban metropolitan

areas staying outside of cities, driving up the demand for single family homes, that sort of thing. is that true? >> well i think when you look at the supply and demand curve, neil, the millenial generation, there is, you know, incredible demand on housing. and i think, you know going through what we have in the last nine weeks now, at least for me, sheltering at home, home has a new meaning for all of us. this is where we exercise now. and we do a lot more things out of our house lately. so i think the plan to buy a home is still very much the american dream. now how that can be interrupted because of a lack of income or lower income or unemployment is anybody's guess. this is where all of the talk about a "v" recovery or a u or nike swoosh, we're all sort of waiting exactly to see where

this is going because what supports housing is income. neil: yeah. i do like the nike swoosh thing. nike should patent the puppy and run with it. that is the latest estimation. it will be a slow comeback in the economy but we shall see. very good having you on with all of this, anthony. be well, be safe. >> thank you, neil. neil: your clients, all of that. let's take a look at corner of wall and broad really quickly. dow up 16 points. interest rates back up a tad when i last looked. till very low. 10-year fighting in and out of .70. just incredible. more after this. ♪. look, this isn't my first rodeo...

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neil: all right. dr. anthony fauci getting kind of scrutinized here about his views on where we stand right now on anything from viruses to the risk inherent in opening up too soon. not saying anything alarming or things we didn't think he would say. if he encountered any kind of tough inquisition it was from senator rand paul who said you're not the be-all and end-all when it comes to

predicting numbers but that's really the extent of it. blake burman following this very very closely. as the administration looks at a variety of other issues, not just on this virus. hey, blake. reporter: that discussion back and forth -- neil: sorry. we had a problem there with his feed. hopefully get him back. i should say one of the things dr. fauci is outlining in his comments is that we do have to be careful reopening the economy, he hastened to add there were a lot of promising developments including at least a dozen different vaccines or treatments, including remdesivir. lot of people seized on his views that you know, we don't want to get ahead of our skis on remdesivir but optimistic just the same. i think we are good with blake now. let me double-check that. can you hear me? reporter: yeah. we are back, neil. thanks. thanks for being patient. so back to the conversation as it relates to senator rand paul.

dr. anthony fauci. let me get to the clip real quick. there was this discussion about reopening schools, when's the right time to do it. rand paul, senator rand paul thought that schools need to be reopened by the fall, and dr. anthony fauci had warned that well, there wouldn't be a vaccine necessarily in place by the fall and that led to this back and forth a little while ago. watch. >> as much as i respect you, dr. fauci, i don't think you are the end-all, i don't think you're the one person that gets to make a decision. we can listen to your advice but there are people on the other side saying there's not going to be a surge. >> i have never made myself out to be the end-all and only voice in this. i'm a scientist, a physician and a public health official. i give advice according to the best scientific evidence. neil: all right. we did lose blake there. it's not deliberate.

i like the guy. we are close friends and all. some days you wake up and say are we going to just mess with blake. this was one of those days. i want to go to leslie rutledge, the arkansas attorney general. very interesting what's happening in arkansas. only a couple other states have even looked at doing this as a possibility, looking into a probe of exactly china's role in the whole coronavirus, what it knew, when it knew it. the attorney general with us now. general, very good to have you. explain what you want to do here. >> thank you, neil, for having me on. 18 attorneys general from across the country sent a letter to congressional leaders asking for an investigation into china and their role with the coronavirus. it's important that we have answers out of communist china to know exactly when china knew about this virus, what they did, did they deceive the world, with the help of the world health organization, and why they were hoarding so much personal protective equipment.

neil: so when they're hoarding or that's the charge, i was looking at some of the statements china has been arguing against, that they have been vilified in this process. they have been very honest and transparent. you and your colleagues obviously disagree with that. but where does this go? if we launch a congressional investigation, what power would you have to get the chinese even to comply with that investigation? >> well, again, this is requesting our congressional leaders go on a fact-finding mission. china in the first two months of 2020 went from a net exporter of ppe to a net importer of ppe, buying nearly $60 million worth of ppe from america during that time period, without giving us information about covid-19 virus and the impact that it was having in communist china. so what congressional leaders decide to do with this information will be up to them.

my good friend senator tom cotton has proposed legislation with regard to this effort but again, the states are just asking for an investigation. this is not a lawsuit at this time from the state of arkansas. i know other states have done that. so let me be clear, we are not filing a lawsuit. i'm simply asking that congressional leaders hold these hearings to determine what china knew. neil: all right. i wanted to try to distinguish that, if i could, and you just answered that. wouldn't you want to investigate why we didn't notice the 60 million ppe purchases? you know what i mean? like if china is taking an inordinate number of these devices, shouldn't that have been a signal or a flare here as well? >> that may be part of the investigation that's necessary, who knew what, when and that may be questions that are answered during these hearings that are

ongoing. but we should be able to get information from china to determine what they knew and when and if they were simply hoarding that ppe so other countries would not have access to it, or whether they were using it for their own citizens because of a rampant outbreak that they were not disclosing to the rest of the world. neil: the latter seems increasingly likely the case. they might have understated the severity of the virus or caught off-guard, that the president in remarks last week, as i'm sure you're aware, general, had talked about maybe, maybe, just holding out the possibility that it just got out of control on them. if that is the case, is it as much just being caught flat-footed than it is just being deliberately devious? >> well, again, those are questions that we hope can be answered in time. unfortunately, we are dealing with a country that perhaps has not always been the best at open

and disclosing information to the world, and whether or not they were, in fact, aided by the world health organization in a campaign of deceit. again, not accusatory but we do demand answers because our economy has been turned upside down over a couple months period, we have so many people without jobs, in arkansas alone the jobless unemployment rate went from 3.5% to 4.8% in one month. we haven't even gotten the new numbers yet for may. they will be out in a couple weeks. so americans deserve to know answers from china as to what they knew, when they knew it and whether or not they were actively engaged in a campaign of deceit and disinformation, or whether or not it was something that got out of hand on them. neil: leslie rutledge, we will watch very very closely. arkansas attorney general. thank you for joining us. we want to show you something that might be in your future.

have you seen these shots of in this case, the united airlines flight that was packed to the brim. that might be the state of flying as so many airlines cut back on the number of flights, that even though they are mostly sparsely populated, it could take a lot of them out of business, this might be what you are looking at. mark meredith following it very very closely. mark? reporter: good afternoon, neil. the transportation department says it's being flooded with complaints from passengers who think that they are entitled to a refund but simply aren't getting it. today officials from the transportation department say the airlines don't have a choice, that they simply have to pay up for some of those canceled flights. officials putting out some guidance for the airlines letting them know they are on notice but also asking them to consider the financial situation that so many americans are in right now. >> if the airline can selcels y flight, they have an obligation to refund that ticket.

currently, there seems to be some confusion about what is cancellation, what is a delay, what is prompt. reporter: we mentioned those complaints. right now the transportation department normally sees about 1500 complaints per month. right now with refunds, they are seeing complaints about 25,000 but the airline industry says it really is doing the best it can under these terrible situations. >> we are averaging 17 passengers per domestic flight and 29 for international flights. if you have been on a plane, it's eerie. u.s. carriers at this point are losing $350 million to $400 million every single day of the week. reporter: starting today, airlines will be allowed to start submitting requests to draw back the service that they are currently offering, essentially limiting the number of airlines that would be serving a specific route. but there is some fear this could lead to overcrowding on some flights. united airlines face some of that criticism. they responded last night. this is what they say.

quote, starting next week, customers on flights that are expected to be closer to full capacity can rebook on a different flight or receive a travel credit. we will do our best to reach out about 24 hours out before departure and we will also be able to provide options at the gate. but we have seen some complaints with passengers saying they do not want to be on those flights that are overcrowded. the transportation department also asking the airlines to be as flexible as possible because there are so many people still worried about traveling. neil? neil: all right. mark, thank you very very much. mark meredith following all of that. to jonathan hoenig, the free marketeer, says airlines are free to do pretty much what they want to do, even though the folks on that particular plane didn't seem really happy to be there. but your thoughts on all this? >> well, neil, look, this is truly unprecedented times for the country and for the airline industry in particular. they have seen a 94% drop in demand, neil. nothing like that has ever been

seen before. the reality is that these airlines should be bankrupt. many of them should be bankrupt. in fact, if you look at what are called the credit default swaps, these are basically the insurance contracts tied to these bankruptcies, the companies that go bankrupt, american airlines and united are trading like they should be in bankruptcy. the only thing that's keeping them out of bankruptcy are the government bailouts. $25 billion and more. as the saying goes, he who writes the check, makes the rules. the reasons airlines are losing so much money, as the gentleman pointed out, is because the government is forcing them the fly largely empty planes. 17 passengers on the average plane. they are losing $10 billion a month of aircraft that simply shouldn't be in the air. neil: you know, i think it was a boeing chairman who predicted a major u.s. airline would likely go belly-up in the next year. if that were the case, i would be surprised it would be just one, but how do you see this

industry for awhile? some have said i think it was goldman who put out a report that the airline industry itself could be in a years long slump. where are you on this? >> well, for one thing, we shouldn't be scared about the idea of an airline going bankrupt. delta, american, united, all these companies have been bankrupt before. it doesn't necessarily even mean that the planes stop flying or the employees are not getting paid. who really loses in a bankruptcy are the executives, are the companies' managers who didn't plan for exactly this type of scenario, this type of catastrophe. so unfortunately, the bailouts are continuing the bad behavior. what should happen is that many of these companies should go bankrupt. what happens is investors lose money but if they are able then to reorganize, perhaps conglomera conglomerate, get together buy each other to become stronger, more financially healthy airlines, they can ultimately serve the public. this is an opportunity, as difficult as it is. you might see, for example, airlines sprout up that

specialize in one passenger per row, if you paid a little extra for that. it's a time for innovation but government's got to get out of the way. neil: all right. like you said, the governments who write the check generally control what airlines do cash it. we will see how it sorts out. good to see you. continued good health, my friend. be well. by the way, we are getting more comments from dr. fauci which might have accelerated some of the selling, saying that early reopenings could restart coronavirus outbreaks and cause otherwise avoidable suffering and death. he said the coronavirus itself is not under control, so rapid reopenings risk new outbreaks. went on to say that he is concerned that everyone is not in communication with everybody and faults some states without naming them for rushing things. again, none of this has been material that wasn't telegraphed

and that dr. fauci has said many times in the past. but under the scrutiny of this senate hearing today, we are learning first-hand that he is still very worried. more after this. in my line of work,

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neil: all right. as stocks are slipping away right now, a lot of this fueled by some comments, i don't know if you can call them bearish comments on the virus, but from dr. anthony fauci, saying he's concerned that we might be moving a bit presumptively here on the virus itself. that had weighed on stocks, you know, as we have seen obviously a lot of people driving into bonds. that's been a trend whenever you see one hit the other, now with triple digit losses on the dow, you've got the ten-year now under .7%. we are keeping an eye on that. we are also keeping an eye on we are going to have a lot of borrowing to do. if you think the trillions already spent is going to cover it or when we heard steven mnuchin saying i'm going to have to take out a credit line here, largely paid with 20-year bonds or notes, whole new offering we haven't seen in a few decades, well, apparently there's another stimulus wave coming where the

house is looking at a coronavirus measure that could dwarf all of that. another $3 trillion measure. i know it's only money but i thought i would pass that along. you are paying for it. all right. congressman thomas massi joins us, republican kentucky congressman. those are staggering figures. another $3 trillion, when we just, you know, have announced that we are trying to finance the trillions we already borrowed and that the chinese are going to benefit from. i'm wondering is this getting out of control? >> well, it was out of control from the beginning. look, these are like blood transfusions to a bleeding patient. the patient is our economy and we haven't stopped the bleeding. so expect more blood transfusions. i think we are in a rut here where congress is going to meet every four to six weeks and pass another several trillion dollars of spending. we need to fix the problem.

we need to get the economy back open. neil: now, obviously the view of the house and i don't know if many of your republican colleagues share it, we have to do something, i get that, hence the trillions spent. you were against that early on. but they obviously felt the need and that has worked to the federal reserve to provide liquidity to the system as a backstop, fine. shouldn't we at least wait to see that money course through the system, to see if it has the desired effect, then ponder something like this? >> yeah, we should absolutely wait to see what the effects are. look, a lot of dead people have received this stimulus check but a lot of my constituents including people in the military haven't received their $1200 check. we don't even know what the full effect of this has been. then the next stimulus package promises to bail out the states and local governments. the problem with that is it's the states and local governments who are shutting down their own

economies. so the president can argue with the governors about who gets to open or shut down the economy, but as long as we're paying the governments, the local governments, to shut down their economies, they will keep doing it. neil: so, you know, mitch mcconnell in your fine state, senate majority leader, is in that camp that says let's wait, see what the stimulus we have already provided is doing. he's under enormous pressure right now to help the states and he got in a whale of controversy for even proposing states could file for bankruptcy. he dialed that back to say i'm open to helping the states if they provide liability protection for businesses who through no fault of their own have to deal with individuals who might contract the virus and might want to sue their bosses. how do you feel about that? >> we are going to need some kind of tort reform to open, you know, businesses back up.

i wouldn't just apply it to the big meat processors like the president has done, using the national defense production act. i would apply it to the hairdressers and restaurants as well, because you know, you had people before the virus that would sue mcdonald's for a hot cup of coffee and they are certainly going to sue after this is over with. there does need to be some kind of liability protection. but right now, it's being done like one at a time and i think it needs to be across the board. so senator mcconnell is right to identify that as one of the problems with opening our economy back up, but i don't think we should give in and pump money to the states and the local governments. they are going to be covering up all sorts of sins with that money that have occurred for decades like mismanaged pension funds, underfunded pension funds. there will be all sorts of stuff. they are looking to sort of reset the scoreboard with this money. neil: you were a no-vote on any

of had stuthis stuff anyway, regardless, right? you just think we have gone crazy with this stuff, right? >> well, these are crazy times but i did vote for the first corona bill. it was $8 billion. it was focused at the virus. i said we need to attack the virus, not the taxpayer. that's what each of these bills are doing. somebody has to pay for this money that's going out the door. if they wanted to pass a bill, say a few hundred billion dollars that goes after the virus and figures out how to open the economy back up, i could be all for that. but i can't be for bailing out governors who are shutting down the economy. we will have food shortages, this is the other thing i have been warning about, virtually nobody is listening to except now that they are going to the supermarket or fast food store and seeing food shortages. you could pump money into the economy, you can bail out farmers, but that doesn't cause the crops to be harvested or the animals to be processed. neil: all right. congressman, thank you very very much. to the congressman's point,

remember that first stimulus measure was about $8 billion. the second one, about $300 billion. the third about $2.3 trillion. i have been leaving out the trillions more provided the federal reserve to provide a backstop, cash liquidity as they call it for the banking system and businesses when they need it just today, indicating that it's going to be scooping up a lot of corporate bond etfs, exchange traded funds, anything and everything, and now this latest measure that could eclipse $3 trillion. by the way, we are hearing dr. fauci is addressing concerns that maybe he and the president aren't seeing eye-to-eye. edward lawrence is forwarding to me that fauci has said in no way is his relationship with the president confrontational, nor has it been. more after this. ♪ happy birthday! so, it goes...

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neil: all right. there is testing and we are number one on the planet for

that, then there's high tech testing, where we really build a substantial lead when it comes to how easily, how quickly we can identify those with the virus. sometimes in a matter of seconds. grady trimble keeping track of all of that in illinois. hey, grady. reporter: hey, neil. we are talking about thermal scanning cameras to check your temperature and a lot of these types of cameras are already in place at meat processing plants as well as auto manufacturing plants across the country. let's show you how it works. there's the camera right up there. looks like we have a second shot, if we can cut to that. that shows you what the camera is seeing. you see there's a green box around my face with my temperature. that means my temperature, i'm not running a high temperature right now. it's good. but if i were, that green flashing light that you see up there would turn red. that would be a sign that maybe i need to be checked out a little bit further, because perhaps i have a fever. so this type of technology is in place already and it's to be

widespread. some experts warn people with coronavirus don't always have a high temperature, but the people who run this company say look, this is another layer that we can put in place to get people back to work safely. listen. >> yes, it's not a silver bullet, but it's absolutely reliable in terms of screening temperature, personnel walks into work, people coming to public places, they don't know they have a temperature. that i think is the key. reporter: this particular company already has hundreds of clients across the country, particularly here in the chicago area. there are, of course, other companies that make this technology and they expect it to become even more widespread, neil. this is the type of thing that we could see in office buildings, sporting events. we could see them at concert venues as we set to reopen america and get people back to work. somebody just set off the alarm

there. it's going off right now. i'm not quote sure who. i hope it wasn't me. neil: all right. be safe, be well, grady. great report. reporter: it's from the camera. neil: that's what they're telling you. thank you very much. i want to get charlie gasparino in here. we were talking to the ufc head a little earlier in the broadcast about what it takes to get sort of back in the groove, get your sport back up and running in the middle of a virus. we are told, charlie gasparino, he has been advising some of the major sports leaders, i would assume that includes major league baseball, about how they get going again. but you are aware of what they are at least hoping to do, right? charlie: we can give you some exclusive details on what major league baseball is doing right now. i would say even bigger than the virus, the negotiations between the league and owners and the players is the biggest hurdle to

getting the 2020 season on board. right now, we do know that commissioner bob manfred, mlb commissioner, is now taking on those negotiations with the mlb players union to try to get a season going and to sell the league and the owners' plan to get it going. i just want to give you some highlights, from what i understand manfred is essentially pitching the players union. he's basically saying listen, you need to take salary cuts, we need to do a complete 50/50 revenue share. the reason why is because he's saying that each team, if you average it out, is going to lose $100 million, maybe some more, maybe a little less, but an average of about $100 million given the 82-game season. it's a shortened season. it's essentially in half. the owners are saying that the 50/50 revenue split is fair, because they are going to lose money on the season and if the fans are allowed back in, because this gets to the essential nature of baseball, it

makes a ton of money on fans, on concessions, on advertising, even some tv deals which now need to be renegotiated because of the short season. if they can maybe extend the season with additional playoffs, if fans could be let in, those revenues obviously go up, the players will make more money. so they also say, manfred, the revenue deal just covers 2020 and there's no real money to apply last year's, you know, contract, that this is what they have to do now for the teams to survive. the owners believe they will receive white house approval on this. remember, if the players unions approve it and, you know, from what i understand they are putting up somewhat of a stink, they think this is tantamount to having salary caps, i don't know if they can sell that to the general public, but let's just remember there is no revenue coming into baseball right now. the teams are all losing money as it is.

but they believe, what baseball believes, if it can get through the white house coronavirus task force, which has to approve it because they have been working with fauci and company very closely on setting up player safety protocols and what i understand, there are hundreds of them, everything from testing of players, sanitizing ball parks, how teams are going to travel, obviously there's going to be -- we reported yesterday, limited travel. the n.l. east will essentially play in the n.l. east or if there's intraleague games, the a.l. east. it's going to be centralized to where your stadiums are. so that's the pitch from manfred. he's basically going to say the owners are only going to make in best case scenario, 30% of their revenues. they are taking a huge hit. teams are losing money left and right. it's a one-year deal. they think players really want to do this. the players are more concerned about the safety protocols. they are going to make a few

bucks, not what they made last year, obviously, but there's a special circumstance here. they are worried that the agents are going to somehow throw a monkey wrench in this. that agents will try to get more, do some crazy deal. time is running out. in order to really have a season, you have to have a preseason. they want to do that in june and they want the season to start on july 4th. so again, rubber's meeting the road right now and it's going to be a heavy lift to get the players, particularly their agents, to agree to this thing. back to you. neil: well, some money is better than no money, right? charlie: i agree. that's what i said. that's what they're telling them right now. neil: yeah. that's what they're saying, i guess. it does make mathematical sense. charlie, you're the best. stay at it, my friend. breaking news left and right. best in the business. all right. wolfgang puck, famous restaurateur, doesn't need help even with restaurants closed

across the country but he is looking out for his colleagues and wants you to think about them. he will explain next. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7.

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neil: we have been telling you how much the restaurant industry is hurting. they are trying to come back right now in about two-thirds of the states that have reopen right now, there is some limited capacity coming back to restaurants, not all, depending on the state anywhere from 25% to 50% capacity and that, by the way, phased in over what could be many many weeks. wolfgang puck, of course, the celebrity chef, much, much more, on all of that. wolfgang, you are trying to help these folks out, a lot of restaurants that are in a world of hurt, because you are convinced many of them, the longer this goes on, will never ever reopen, right? >> exactly. you know, it is so difficult for the install restaurants, the small operators. sooner or later, the landlord's going to ask for rent.

you're going to have to pay for water and power and all that stuff, and there's no money coming in. you know, these are not big corporations. these are small mom and pop operations who were maybe already just managing but they employed 10 or 20 people at the most, so these are the people who are hurting the most and also for us, it's not only us but it's also the farmers out there. you know, we created a network of farmers here in california, in new york, everywhere where supply has been incredible which makes us better restaurants. what are they going to do, you know, if the strawberries are ripe and you don't harvest them, you can make marmalade but that's about it. but you're not going to pay your bills. it is really the restaurants who are suffering, and i think it is really amazing because i talked today with brian fitzpatrick. he is a republican from pennsylvania, a congressman, and

he is trying to introduce a bipartisan bill that the insurance company's going to pay for business interruption. so i hope that that's going to go through congress. i hope they aren't going to bicker around with a lot of different things and that will be the first step. neil: do you think that a lot of -- i have noticed the ones who have tried to survive this are those, you know, that had special services, curbside pickup and the like, or were doing, you know, catering meals that they would provide, you could go into the store and pick them up. i was thinking, with you, having followed your career very very closely, you were way ahead of this kind of curve with boxed either produce, pantry needs, meal kits, long before your blue apron and some of these or names came to mind. you think other restaurants are going to rethink their business strategy going forward? god forbid something like this should happen again? >> well, i think we are going to

continue and a lot of restaurants will continue to do takeaway, pickup at the restaurants food to eat at home, in the near future for sure. maybe even in the long run. maybe the thing called ghost kitchen will become very successful, where somewhere you have a little kitchen that makes food. but right now, we have a restaurant like spago, 12,000 square feet. if i serve 150 dinners, i will go bankrupt very fast because the overhead is just too big. but i really think by maybe mixing those together, you know, takeout and maybe 50 or 40 or 30% occupancy, we can maybe survive for some time. but not everywhere you can do it. we have restaurants in some las vegas casinos, like spago there. if we don't open casinos,

there's no takeout. where you going to bring the food? neighborhoods are 25, 30 minutes away. in new york, how to get people to work when they are separated and transportation is very difficult. each place has its own problems. but i really believe in the future, we have to look really closely and say the restaurant is part of the business. dining in is part of the business. but also, dining out is part of the business. if we continue to do the take-away meals. i think at least for the near future, the restaurants who are able to do that, it will be an important part to survive. neil: you know, i was talking to a big new york city restaurateur who is kind of wincing at 50% capacity, if it ever comes to pass, because he was showing, it's a huge restaurant, i don't want to give the name away, but

it pays very expensive lease rates, you know, and at 50% he was telling me i'm not close to cutting even here. so even when they go back in business, now, it's different with larger players and guys like yourself, but even for smaller players, that goes on for a long time, that's going to be a problem, won't it? >> yeah, no, no, totally it's going to be a problem. but we are small players, too, in a way because we have all independent restaurants. i have different investors. so in a way, each restaurant is its own entity. in each restaurant, it's different. so i really manage them but at the end of the day, they are different corporations, you know, and so it's very difficult. now, at 50% occupancy, if we would do 50% occupancy, and then let's say 20% add to it for takeout, then maybe we can

survive. if it's only 50% with the overhead a bigger restaurant has, like some of the bigger restaurants in new york and so forth, i think -- or l.a. or wherever it is, it would be impossible to survive because the rent and everything, the occupancy cost is just too high. but also what concerns me is how we are going to get all these people back to work. if you are at 50% occupancy, you only need 40% of the employees. one of the things that's important, what's going to be the stimulus program for restaurants? we all know now we are the biggest employer in the country after the government. so now we propose to the president and i think i just talked to brian fitzpatrick, the congressman, about introducing a stimulus bill for restaurants specifically, which means entertainment deduction in restaurants. so if you own a business, you go to a restaurant on a business

meal, you can then -- neil: that's what the president wants to do. >> yeah. yeah. have you talked to the president about it. he's really in favor of it. so hopefully the congress can put out a law where that will happen. because now, you know, we have the ppp program, the payroll protection plan which will help us all, but for awhile. but not for long. so by the end of june it runs out. then what? when we have to open up, then the story will begin. then the landlords will say now you have to pay rent. then people are going to come after taxes, sales taxes, whatever. i don't think any city would be happy if we don't pay sales taxes. so they are going to say if you don't pay taxes, we will close you down. this is really after the opening, you know. that's really the important part. it's almost like if you get out of the hospital from knee surgery and then the rehab is just as important as the operation.

for us, the rehab for the restaurant will be stimulus. neil: all right. wolfgang, you never forgot your roots. i think you could close that deal with washington by catering a big event for them and saying they don't get the food until they vote for that measure. >> you know, some of the great che chefs, i'm going to propose that, you know, we do a big dinner in congress or in the white house or in our restaurants, if we get something done. i hope get something done soon, you know. a year from now, it's too late. it has to be done before congress gets in recess. neil: all right. we will be watching very closely, wolfgang. thank you very very much. best of luck on this front. >> thank you. neil: again, you have never forgotten your roots. all right. wolfgang puck. delicious food, by the way, i might add. speaking of food, we are just getting word right now that trading in grub hub stock has

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neil: a lot of kids aren't so sure they want to start college next year, especially when they are hearing there's a possibility it might be virtual or might not happen on time. enter walter carter, university of nebraska president, with an offer almost too good to turn down. he will freeze tuition rates for all students, all programs, for the next two years. walter carter, good to have you. thanks for coming. >> neil, it's good to be with you here from lincoln, nebraska. neil: beautiful neck of the woods, obviously. what made you do this? >> well, as we are looking at the landscape of higher education, as you are seeing it across the country, there's some institutions that are focused on the right things, some that are a little bit frozen in indecision and what we are focused on right now during this critical time is our most

important constituents and that's our students. we have 51,000 students here at the university of nebraska across four campuses. we just graduated 7,000 that will go into the work force. that was a near record. as we are looking forward, you know, 75% of students are telling all higher ed including high school and k-12 that they are tired of being online. we have got to be able to look at how we, with science and data, are ready to put our students back in the classroom. we've got to attract them to our classroom. so we have done three things here in just the last three weeks. we have introduced a thing called nebraska promise, which is free tuition for all families who with adjusted gross income here in nebraska is $60,000 or less. that's the median household income here in this state. we declared we are going to be open in the fall after teaching remotely in the spring and across the summer. and then we froze tuition for two years, a rather unprecedented move in the country, and i will tell you, just in the last three and a half weeks we have seen

admissions see 11% uptick in applications. a pretty remarkable number. neil: the graduation this year, then, was that done virtually? was that the real mccoy, what? >> so we have, like most campuses, we went remote. university of nebraska lincoln, our flagship, the cornhuskers, as well as university of nebraska omaha, the mavericks, our metropolitan campus, they did virtual graduations this past week. our medical center, world renowned, one of the top in the country, they also graduated their doctors and nurses this past week. but we're looking for in-person commencement exercises at our rural campus in carney later this summer and we will celebrate that great class of 2020 that just graduated, probably one of the most memorable classes in american his tore. neil: all right. so it will be in person one way or the other, right? >> we are planning to be in person.

we are using professionals at the university of nebraska medical center. we have about a 20-page detailed checklist for how to do this. we will have dashboards with real-time information, full scale testing for every student, contact tracing. we are going into this with a bold but very calculated way to make sure we are taking care of our students. neil: got it. all right. walter carter, thank you very very vp. university of nebraska president. more after this. ♪ ♪ . .

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♪. is a lot of workers in this country want to know how long they will be working from home. ceo jack dorsey says his employees could work at home forever, forever. that is a long time. cheryl casone in for charles payne. cheryl: yeah, neil. flip-flops. smoothies on the side. not a bad life. neil: can you imagine? cheryl: neil, thank you very much, neil cavuto, sir. all right. good afternoon, everyone, i'm cheryl casone in for charles payne and this is "making money." the breaking news continues from this hour from washington. dr. anthony fauci warning congress of needless suffering and death if the country reopens too soon. >> my concern we will start to see little spikes that might turn into outbreaks. therefore i have been, being very clear in my message. cheryl: fauci's testimony as the