own merits. liz: okay. [closing bell rings] market closing rapidly on the downside. joe, thank you very much. folks we've seen a turnaround on downside. new cdc numbers showing increase in bummer number of deaths over the past day. see you on twitter for futures trading at 6:00 p.m. connell: stocks extending losses in the final hour of trading. that was a reversal of gains we saw earlier in the day. as liz mentioned the cdc reported more than 1000 new deaths related to the coronavirus as of yesterday. earlier today on capitol hill dr. anthony fauci with a warning for lawmakers about the risk of states opening up too soon. with that a rough close for the markets. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." major averages closing down more

than 1%. connell, i'm not convinced about the report of california staying closed for another three months. we saw a big leg down on that, near session lows. plus at the white house this hour, president trump is preparing to sit down with republican senators just moments after nancy pelosi and house democrats unveiled a new aid package worth $3 trillion, because money grows on trees. fox business team coverage. break burman with the latest from the white house. lauren simonetti watching the markets and edward lawrence is in washington. let's kick it off with blake. reporter: melissa talking about moves in the washington. president trump set to meet with republican senators. that meeting comes after house democrats today unveiled their next step proposal, their phase four relief proposal. nancy pelosi unvalling the heroes act as she calls it.

an 1800 page bill. through it all, roughly $3 trillion it proposed in relief. let me tick through some of the items. calls for $500 billion to states, $75 billion for testing, contact tracing with another round of direct payments to many americans. mitch mcconnell, the top republican on the hill already described this as aspirational. white house press secretary kayleigh mcenany laid down a marker for the white house this afternoon saying that president trump wants an additional payroll tax cut. >> what is so promising about the payroll tax it is regressive tax. the lowest wage workers are in facts would be ones most helped because they pay more payroll tax than they do income tax. that is something the president mentioned. not necessarily as a condition. i won't negotiate here with speaker pelosi but i encourage her to work with the president to help the low income individuals. reporter: elsewhere within the white house the president demanded the board which oversees the retirement plan of

federal employees withdraw from a fund which has exposure to chinese companies. now the president's top advisors say this is needed to protect those workers investments. they also say china's handling of covid-19 and national security concerns. >> about five billion dollars of those retirees savings would be shifted to china. a number of the companies that were going to be invested in were chinese military companies or surveillance state companies. we thought that was risky for u.s. national security but we also thought it was risky for investors. reporter: the national security advisor robert o'brien. the white house wants and answer for this from the board that oversees the federal retirement fund. we reached out to the board to see how they would respond. so far no comment from them. back to you. melissa: blake, thank you for that. connell? connell: all right.

to lauren simonetti on the markets. you have fauci, lauren, the cdc, melissa says, california looking at everything, staying closed longer this is rough afternoon for the stock marquette. reporter: can the economy reopen, should it reopen. it is a wobbly session for stocks. but at the end of the day, worst day for the month for all three major averages. the dow down 2%, 457 points. the nasdaq down over 2% t was riding as longest winning streak of the year, down today for the first time in seven sessions but take a look at this. oil came up, closed $25 a barrel. best day for oil in five weeks as demand is picking up as some parts of the country reopen. also as saudi arabia unilaterally pledging more supply cuts. that's the theme we were talking about. investors reevaluating the consequences of opening up the

economy too fast. take a look at disney shares. the theme park is now accepting reservations for july at walt disney world in orlando. but still that stock was down 3% today. boeing, they took no new jet orders last month, even scrubbed existing orders. expect more of that to happen. that stock down almost 3% today. even pharmaceuticals working on vaccines for the coronavirus, they fell. the fda said it was fast tracking a moderna vaccine. moderna stock down 7%. gilead working with five generic manufactures to produce remdesivir. that stock fell. novavax received more than $380 million to develop and scale up one of its vaccines. up 62%. that stock early in the green. give you more good news. uber made aggressive take over approach from grubhub, sending both stocks up. it would be a all stock deal combining the two largest food

delivery platforms. look at the intraday chart of grubhub. you can see how the stock took off on the news. they released a statement. we're always looking at value enhancing opportunities, especially in this environment where, well, a few times a week we have food delivered. what about you? connell: all the time. it is how things have changed. not that we didn't do it before but doing much more of it. lauren simonetti. melissa? melissa: highly anticipated testimony of dr. anthony fauci sounding the alarm about reopening the economy too soon on capitol hill today. let's go to our own edward lawrence live in washington with the details. edward, he had sort of a sound bite for everybody, whatever you want to poll it seemed? reporter: he really did. what really moved markets during that hearing was where we stand on the vaccine and treatments but also talking about reopening the economy. it has been a common theme here. now the guidelines, official cdc

guidelines still rest with the cdc. they are trying to finalize those, sending them over to the coronavirus task force soon. but dr. anthony fauci saying once the guidelines are finalized, states must have checkpoints if they go through those sort of guidelines. they have to follow those checkpoints, he says, otherwise bad things could happen. >> if that occurs, there is a real risk that you will trigger an outbreak that you might not be able to control which in fact paradoxically will set you back, not only leading to some suffering and death that could be avoided but could even set you back on the road to try to get economic recovery. reporter: he adds this is just a warning. that if states follow recommendations the economy can be opened up safely. now in the hearing, heads of the cdc and fda both say testing will be critical. >> rapid, extensive and widely

available timely testing is essential for reopening america. cdc's role in testing continues to support diagnosis and contact tracing, surveillance and outbreak. reporter: the head of the cdc says he is working with state and local governments on their testing and transmission policy to try to trace where the virus could go. to try to contain hot spots. one more thing, dr. fauci saying on vaccines, very positive news. we could be out of the phase three trials by early winter. he believes that would then open the door for the vaccine to be readily produced, mass produced, which is something they're working on and preparing for right now. melissa. melissa: fauci also emphasized the vast majority of people recover from this disease. edward lawrence, thank you. connell? connell: let's talk about this a little bit with gary kaltbaum, kaltbaum capital management president and liz peek, foxnews.com coal lumpist.

both gary and liz are fox news contributors. i'm sure you both watched the testimony today. gary, start with you. the early comments from fauci, little spikes turning into outbreaks seemed to be the beg headline. other things came up. the question how much from our point of view following economies that change, that testimony and others today change policy? sure california, maybe new york city and some others will be conservative but other states already started to reopen without following the guidelines put out by the administration. as the train left the station on this? do you think we'll see some states pill back now? >> i think we're in the we're in the most trial and error moment at least in my lifetime. it is about opening up. seeing what happens. things go well. open up more. if things to poorly come

backwards. that is what we'll be in a very long while. different in different areas. much different than where i live here in northeast orlando. all i can tell you, we'll be in this moment where we will have uncertainty on a daily basis based on the next number that comes in and based on where it comes in from. connell: what about the economics of it, liz? the reopening economic argument is, companies and businesses are in big, big trouble. they have been through a lot. they cannot sustain this any longer this he have to get going the argument fauci seemed to put out, if you open up too soon you could take a step back economically. i think he said something along the lines you can turn back the clock on the economics and hurt yourself long term. what do you think? >> we certainly don't want that. we have been watching, everybody is watching what is going on overseas? south korea, singapore, germany.

reality even though those places have tiny setbacks, tiny spike in infection rates they seem to go away really quickly. there is not an example, connell, where there has been a reopening and a bad thing happened. i really watched this thing today. i thought dr. fauci did not give us any particular new information. we know we have to be careful. we know now who is vulnerable, who is not. seems to me states moving forward, georgia, others, texas, are abiding by pretty cautious protocols. i would really be pretty shocked to see hospitalization rates in most of those places go up. we shouldn't look at infection numbers because we know testing is increasing. when testing increases we'll have more cases diagnosed. a great many of which are asymptomatic. so i think we have to be careful here. i think gary is really right. the reason the market sold off we don't know these answers and everyone is trying to figure out

the pace of recovery. that's the big issue. what your question is asking about is exactly going to determine that. connell: all right. melissa. melissa: tesla has a new cheerleader. the company reopening its california assembly plant despite a shutdown order. president trump today tweeting, california should let tesla and elon musk open the plant now. it can be done fast and safely. gary, elon musk has been all over twitter. he says he will be down there with everyone else as they reopen. if they want to come arrest someone it should be him but he notes that he is the only auto plant that is being forced to shut. they have, you know, more orders than they can fill. maybe he pays people who feel comfortable coming back a premium to do so. you know, doesn't punish those who aren't comfortable, provides ppe, and gets going. what are your thoughts? >> first off, he is one heck of a reality show.

i must tell you i applaud the man for putting his foot forward. this is about his business. and he gets it and business versus what government has to say. you know where i stand on that. so i applaud him for this. the president of course gets in, not a dumb move on his part. you see california came towards him. i would like to see more of this go on. look i'm a big believer in business. i'm much less of a believer in what government has to say. i think he will be opening up in due time. melissa: liz, i mean this comes as we hear this afternoon that california is saying they're almost certainly going to stay closed for another three months? can you imagine being a business owner and getting that news? >> no. i think, i wish it were someone other than elon musk making this stand because he has defied the authorities on any number of occasions but the reality is, he is a good example of a

frustrated businessman who has orders to fill, feels like he can do it safely. that is really the point here. he is adopted all kinds of protocols to make sure his workers are protected. melissa, you said it, they don't have to come back if they don't want to. that should be the message across the country, but if you're interested in making a living and is a satisfying your customers, go back to work. i can't believe that california took that measure. melissa: yeah, amazing. gary, liz, thank you. connell? >> thank you. connell: melissa, we saw by the numbers the u.s. death toll from the coronavirus spiked to more than 81,000. we also heard from the world health organization saying leaders from 40 countries are pledging $8 billion to accelerate a vaccine. we'll talk about the timing of that as we bring the latest on the pandemic later this hour. we'll stay on this idea of reopening the u.s. economy. nearly every state has at least to some degree loosened some

previous virus related restrictions in place. businesses in pennsylvania are fighting to fully reopen early. it is a move the state's governor said would have massive consequences. so we'll talk to the judge about it. andrew napolitano is coming in on the escalating standoff and the legal fall out. don't go away. ♪ i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to.

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>> tight 2020 money race. rnc and dnc showing showing president trump with one million dollar edge over vice president biden. here is fund-raiser noelle nikpour. i assume that was just for the month. that was probably biden's best month. if you look at overall campaign cash, do the republicans have more? >> probably going, they do have a little more. i will tell you why they have a little more because president trump really got out, you know, ahead of this and raised money, especially in palm beach where a lot of the wealthy donors are. and you know, i was thinking about this before we did this interview. melissa, things like this, this segment that we're actually doing, some fund-raisers, some entities will use this to raise

money on both good and bad, meaning that the republicans can say, you know, look, this is too close for comfort. they show the numbers, like, we've got to make sure our next month will blow it out of the saddle where democrats can use it, look, we're gaining on this, look at the segment. we're gaining ground. let's get it over the edge. melissa: how has behavior changed since this whole pandemic broke out? i know a lot of really wealthy people don't have as much wealth as they did before. contributing to a campaign, trying to see which president wins the next race may be lower on the risk of things they need to do? >> absolutely. melissa, think about the big donor. think about like a major bundler. say they're a billionaire. they're getting hit, not only from their party, whether it be the dnc, the rnc. they're actually getting hit on

a local level where they live, charities, hospitals, helping with you know, different masking organizations for, you know, supplying medical supplies, food banks. you know, everything you can imagine. a lot of people will weigh on that major giver, you know, it is a horrible time to have your name on lots of buildings and be known and be in, part of the forbes 500, you know, you have a lot, you have got a lot of people looking at that, thinking that is actual cash lying around. it is not. a lot of these big donors on both sides of the aisle. both on democrats that have hollywood, they lean heavily on hollywood. hollywood is taking a bath. oil and gas, you have harold ham, a lot of people involved in that industry. that is really taking a huge

bath. so, hotel industry. so you have so many things that are taking a back seat right now that you have got a major donor of you know, major ceo, that is fighting for their own life or their own company. then you have got political. so a lot of, a lot of political people may be weighing on these donors to put it in their laps, for instance, michael bloomberg. remember he made a very big pledge saying he would do whatever it took to beat trump. is he still going to do that? is he still going to make good on that pledge? melissa: i don't know. have you heard, have you heard anything about that? he is one that i definitely wonder about? >> no. i wonder, maybe if he is going to do that, when joe biden announces who the vp is going to be. i would expect a little fund-raising bump on the democrat side when they announce that vp candidate. supposedly, it is going to be a female, so they might get a little bump for that.

but then again, as soon as they get a bump, then republicans look at that, they will use that information to, you know, to raise money to say, you don't want this. so help us bump that up. melissa: i wish we had more time because i want to ask you about the spending from the campaigns. we'll have to do that next time. thank you so much, noelle. >> sure, thanks. melissa: connell. connell: melissa, as we look at businesses trying to navigate some extra precautions put in place for a potential reopening there is one company developing thermal temperature scanners for its employees. you will hear about that. plus restaurants across the country uncovering a brand new problem as they fight to stay open.

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connell: as businesses reopen across the country, some are incorporating thermal technology in an effort to keep their employees safe and grady trimble

joins us from la grange, illinois, with more on the story. grady? reporter: yeah, connell, this type of technology is already in place at auto manufacturing plants, meat processing plants, food and beverage facilities. let me show you how it works. i'm walking in as if i'm going to work. it looks like a little panda. we have another shot that shows you what the camera is seeing. you should see me with a green box around my face with my temperature and that shows that i'm below that 100 range where you would be worried about something having a high temperature. the company that makes this particular camera has clients all over the country, duthermx. this could become more commonplace. the owner says this isn't necessarily a silver bullet but it is another layer of protection as we start to go back to work. listen. >> i think this layer of protection starts to help as we

slowly remove the gloves, remove the masks and it helps us preserve and safeguard our front lines because fever is a leading indicator as to the spread of this pandemic. it is very contagious and we want to catch that. reporter: connell, you think about all of the applications for this. it is not just work places. it could be large office buildings of course, but also concert venues and sporting events. this can scan up to 40 people at a time. they have another product that can scan thousands and thousands of people at a time. you can wash through security without even knowing it will slow you down. they can pull somebody aside running a high temperature, check them further, take a look, to see if it could be coronavirus. connell? connell: yeah. we got used to metal detectors years ago. this would be something similar. good story, grady on use of technology. grady trimble. melissa. melissa: early debut amid the pandemic.

the film version of the broadway musical hamilton, july third, 15 months ahead of it in 2021. disney paid millions for the rights and a movie adaptation is reportedly in the works, connell. connell: there you go. standoff in the reopening in the state of pennsylvania where governor tom wolf is delivering a new warning to counties that plan to defy his shut down order. why a growing trend in the pandemic may means you end up renting instead of buying your next house. united airlines says starting next week through june 30th, allow passengers to rebook or receive a travel credit as they end up on flights close to being full capacity. this new policy comes just days after a viral tweet from a doctor in california showing a

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connell: threatening to withhold funding. governor of pennsylvania, tom wolf, indeed is threatening to hold back money, coronavirus aid from counties that refuse to listen to shutdown orders. here is the judge to talk about this, judge andrew napolitano,

fox news senior judicial analyst. it is a pretty simple legal question to start off. he is threatening to withhold the money. can he do that? >> well, good afternoon, connell. i don't know if he can do it because we're in really virginal territory. we start with the proposition that his shutdown orders are not orders, they are guidelines, because they were not enacted by the pennsylvania legislature. they were written by the governor and they change from time to time as more medical data comes into the governor's office or as new experts are consulted by the governor but the idea of threatening people because of what the politicians in their counties are doing, here is the down and dirty. three county sheriffs in pennsylvania, in rural counties said, i don't have the resources to have my deputies enforce these stay-at-home orders, these lockdown orders and shutdown

orders, whatever you want to call them, so i'm not going to do it. you want to enforce these, governor, send your own people in. instead of sending his own people he threatened, then we'll not give aid to the county. that is publishing, punishing the people that live in the county because of what one public official has decided to do. then he ratcheted it up, by the way i will close down all the lick stores in the county. the liquor stores in the are owned by the government and listed as essential activity. why would he punish the people by not letting them by alcohol? the answer to this is ridiculous. he is taking this personally and he is acting like a child. connell: pennsylvania and it is a, it is a presidential election year. no surprise in some way politics entered the equation. we had a discussion about jurisdiction who is allowed to do what, what are they allowed

to do. there is pittsburgh district attorney, somewhere outside of pittsburgh, he wouldn't prosecute a business for reopening. i want to reopen. supposedly against the guidelines and the d.a. says i'm not going after the guy. could the governor make that a state prosecution, is the only option to throw something out we'll not withhold your -- >> that's a terrific question. it really depends what state you're in. for new jersey where i happen to be now, the attorney general could commence the prosecution but in pennsylvania, the county prosecutors are more independent and they cannot be superseded by the attorney general unless they commit a crime themselves, unless, or show that they're utterly incompetent, making a judgment call, i have more important things to do, we have limited resources here. we can't spend the time prosecuting hair salon owner because she stayed open to feed

her children, that is the dallas case, the governor of pennsylvania and attorney general of pennsylvania could not intercede in that case. so how this ends i don't know. this will be a lot of litigation to try to resolve who caused me to lose money. who caused me to lose my customers? [inaudible]. connell: right. i mean in the meantime we have this, we have to get through the health crisis we're in. all that i guess is down the line somewhere. okay, judge. what a mess. good to see you as always. melissa. >> pleasure. melissa: industries fighting back. we talked to one small business owner about her efforts to reopen and the supply chain crisis she is facing along the way. turning gratitude into action. how one lawn service company is thanking our heroes on the front lines. stick around. ♪ (music)

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i understand you have 10 locations. you employ 120 people. nine are open right now because one is in a mall but in terms of keeping those nine up and running, one of your biggest challenges is getting food, basically the supplies that you need in order to do your everyday work. tell me about that. >> that's true. thanks, melissa for having me today. yeah we, normally we carry roughly 200 ingredients, food and paper packaging items on any given day in the stores. right now we're seeing interruptions in about 10% of the supply. some things are not terribly critical. shortages have been maybe a week. we're starting to see significant shortages and serious price hikes on main ingredients you think about when you think of tacos. price of ground beef we're watching move up. think it is going to hit really significant price level by the end of this month.

that is going to be difficult for all of us that serve american ground beef. and we've seen, for instance, some pretty good, substantial shortages on produce items. we think about transporting produce from the fields in california and arizona across the country. all of our shipping industry is busy shipping everything everywhere. trucks are busy bringing things to homes now rather than retail spaces and distribution centers. so we're seeing some shortages on that side as well. it's getting challenging to figure out what we're going to have each day to serve. melissa: are you able to raise your prices to pass along those costs? i noticed that some of the businesses that have stayed open in new york have actually lowered their prices on delivery and take-out food, to stay competitive, make sure people don't go away. i don't know if that is just a manhattan thing. have you been able to raise your

prices. you operate in two different states. that has to be hard too. how different are the rules? >> very different in both of the states. first to the prices, we will not raise your prices. in fact we believe now more than ever our communities need value that they're looking for. i'm a consumer too and value is really important to me as well. we'll, we are actually working towards featuring different value packages for our consumers to choose from while they come to our drive-throughs that have been open the entire time. we're very grateful to our community and grateful to our teams that stuck with us, to make sure we feed our neighborhoods but when we talk about the two different states, iowa opened all of its lobbies, dine-in on may 1st. here in minnesota we don't know yet when we're going to open. it is very challenging to understand what the rules are. if everybody has to wear a mask, including guests or all of the

employees, how do we manage the six foot social distancing protocols and does that apply in the back of the house or only when we're near guests? it is a full-time job keeping track of everything that we need to do and want to do. so we're really working hard to do more than what's expected. in fact our team has, we started wellness check-s with our employees on march 7th. we have taken temperatures. we asked those questions when they came out. we log it. and we won't let our team on the floor if they're showing any of the symptoms. so, we're trying to stay ahead of it as best we can. we do expect different sets of rules here in minnesota, maybe even county by county. it will be a challenge to get open, and have our guests feel comfortable to come back. melissa: yeah. good luck to you. i know it is tough but you're fighting through. you're a warrior. thank you.

connell? >> i appreciate that. thank you. connell: all right. melissa, we have really good story about cutting front line workers a break. there is a lawn care service that is offering freebies for nurses and first-responders to thank them for their service. they will mow your lawn for free during the covid-19 outbreak. we're joined by will mahoney, plows and mows, the name of the company. we've been trying to find, hasn't really been that difficult, stories out there with people doing good. there is a lot of that going on. tell us how you got started with this particular idea and what's the response been? how many people have taken advantage of it? >> plows and most is like the uber-for lawn mowing and snowplowing. our mission always has been to help people. when we saw the nurses working 12 plus hour shifts, last thing they want to do is go home to mow their lawn. we're in 55 markets across the country. we said let's go give these people, health care workers a

free lawn mow. connell: who picks up the cost? i see you're connecting with the guy mowing the lawn somewhere, landscaping company. you're uber connection, right? so you pick up the cost for that and landscaper still gets paid? >> correct. we also just recently formed a partnership with toro helping us out. we're able to expand further. we have done 2500 lawn mows to date and we really want to increase that number. when i say -- connell: good story. good idea. without a doubt and i think what is interesting about your business is, you know, even in a place like where we are in new york that has been hard hit by the virus this is one of the essential services, landscaping, you still see landscapers coming around, able to make a living, make money or are they? what have you seen in your business? is there falloff, for example, forget about helping

first-responders for a moment in normal business or have things stayed steady this time of year? have you been able to put numbers together on how business is doing? >> business has been pretty good, actually, considering you know, the situation that we're in right now. i think what is really helping us right now we don't require a contract. so a lot of consumers right now don't want to sign a long seasonal contract with their landscaper. they opt to use plowz and mowz instead of the traditional route. connell: that is interesting. if they can't commit, people in tough financial situations they will do it for now. how about the regional breakdown? is it in areas hit hard by the virus, is that where the business has been hit the hardest as well? what are you picking up there? >> we've seen it across the country. we're in 55 markets like minneapolis, chicago, boston, you name it, we're seeing it everywhere. our goal is to get the word out,

tell people about plowz and mowz, it is as simple going through the order on our app or our web site. plowz&mowz.com. connell: you do something in the business environment, get somebody's attention and business comes in. there is nothing wrong about that. plowz and mowz is the company. thanks for coming in today. melissa. melissa: unintended consequence of the pandemic. why industry experts are that you're increasingly likely to rent your next home. that's coming up next. ♪

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connell: so the coronavirus pandemic prompting a number of people to flee city living.

we've seen stories about that, and thousand from looking at the -- and now from looking at the action in some stocks, invest terse giving us the prediction that will mean a boom in home rentals rather than sales. we're joined by managing director tim root, a former fan may executive. fannie mae executive. we have seen some stocks in the home rental buzz shoot up. what's going on? is this a phenomenon that might last, that kind of the renting of suburban homes rather than buying them? it's the new wave? >> well, i'd say the trend started in about 2012. institution institutional money came into the residential real estate market which was welcome. you had a nice, you know, ladder up from there where they were increasing the returns on their investments by 7, 8, 9% a year. you found that there was plenty of demand you had coming out of a housing crisis, a foreclosure

crisis there was plenty of pent-up demand for housing. so the institutional money, people like invitation homes, american homes for rent, they were some of the bigger ones. they purchased millions of properties mostly in the low to moderate, low to middle end of the market. they tend to focus on popular suburbs that are next to urban centers, and they focus on folks that tend to be higher credit, higher income. it's turning out that the performance of that book of business, think about folks who have lost their jobs or you have hour badge forbearances out there, it's turning out that this book of business, single-family rentals in these markets is performing meaning that only low single digits have missed their rent payments so far. connell: hmm, that's interesting, you know, given all we've been through. as you said, it's a phenomenon that got started, now, what about the virus impact in term

of it continuing? what would your outlook be? >> well, like i -- we always worried about whether or not the epitaph had been written and printed for the suburbs, right? everybody wanted to live in the urban communities, there was talk about whether millennials would ever get out of there. they get hooked on the conveniences, walkable amenities, transit-oriented, and perhaps even the seniors would move out there. now we're seeing over the past year and a half there was a big exodus in part because of demographics but also because of affordability. it's not affordable to live in the cities where most representers are spending from a third to a half of their income on rentals. now you've got millennials coming of age, they were looking to move into the suburbs, something more suitable for starting a family than a 700-square-foot apartment. so the demand has been there. what the institutional investors have been trying to do is make a secular change to say, look, you can have your cake and eat it

too. i can take away the economic hurdles, and i can take away some of the burdens associated with maintaining that house. now, it's turned out asational i -- aspirationally millennials still have the same desire to own a home, it's just they're doing it at a later age. the covid crisis has caused them to climb the walls in their apartments and trying to get out of the suburbs. you're seeing because of their financial conditions probably hampered, their less able to actually buy a home -- they're less able to buy a home. connell: i wonder if they're not sure if their move is permanent or temporary as well. i mean, the numbers were startling. i think it was "the new york times" that published them, but they were looking at -- this was just new york city, but people moving i out of the city for the suburbs the dates from march 15th-april 28th. so people moving out to connecticut went up by 74% from the year before. long island, 48%. new jersey, 38%.

i don't think -- it didn't break down rent versus buy there, i don't believe, but the question is it just people getting out until this passes or staying out forever? >> i don't know. i mean, look, the things that were so alluring are now the trappings of the city, right? in terms of transit-oriented communities, focus and requirements on mass transportation, clusters. i just don't think it's quite nearly as appealing as it was, and you've already compounded that by the fact that it was unaffordable. so, yeah, people are certainly looking at it. you have the demographics lining up, you've got the fear of the crisis. and then again, look, these crises tend to bring communities together, families together. and one of the things that's a challenge for the single-family market is there's no turnover of inventory because you're having folks either aging in place or having multigenerational communities. kids moving back in, grandparents moving back in, and this environment really does

bring everyone together. i think you're going to see the inventory -- connell: well, we'll watch it. we're right at the end of the show, we're coming up against the next show, but melissa and i will see you tomorrow with another edition of "after the bell." "lou dobbs tonight" starts right now. ♪ lou: good evening, everybody. we begin with breaking news. there is a standoff between two of the top officials of the trump administration, the attorney general william barr and the acting director of national intelligence, ric grenell, are on a collision course over who has the power to disclassify information about obama era officials including their names about who played a role in the unmasking of members of president trump's administration. this confrontation between the department of justice and the office of the director of national intelligence was unforeseen and will lik