tv After the Bell FOX Business May 15, 2020 4:00pm-5:00pm EDT
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there is real exposure to the entry-level which the largest generational group out there is a millennial's. they are just getting to the stage where their buying homes. liz: thanks to see you, we have to run because there's the bow, i know you heard it, many saints friday, markets closed higher and what a week it has been, that will be up for "the claman countdown". melissa: a turnaround on wall street, stocks drug enough earlier, losses optimism them about reopening that economy economic data on consumer spending, but all the major averages are down, where the 1% for the week, melissa francis and welcome to "after the bell". connell: hey there melissa, i'm connell mcshane reporting live from new york, we're coming to you from a region of the state known as the southern tier, one of five regions of hard-hit new york that is starting to open
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back up from the coronavirus lockdown today, we have a lot coming up, will meet the owner of a construction company in a few minutes who is finally back on the job and very happy to be back. will check in with local retailers who have more freedom to operate today than they did yesterday, will also introduce you to the owner of the north brewery which is the location from where we are blood testing today. all of that is coming up, stay with us that our better top stories and fox business team coverage set up with lauren simonetti watching the markets for us and from president trump, hillary bond reporting on rising tensions between the u.s. and china but we start with edward. >> president announcing operation warp speed, there is a new head of that the chief scientist who in the private sector develop vaccines, he will be partnered with general from the army to help not only make the vaccine but distributed in the president donald trump says he will begin distribution of
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the vaccine the data scientists say they have it. >> when the vaccine is ready, the u.s. government will deploy every plane, truck to help distribute it to the american people as quickly as possible. reporter: and you get this vaccine, their focus on manufacturing in the u.s., operation identified 100 potential treatments for the coronavirus, in addition to the vaccine, also from the white house on the phase four stimulus package, the 3 trillion-dollar bill democrats are voting on is a nonstarter, the administration wants payroll tax relief, liability protection is a must in the new package capital gains relief for a few years, finally incentives for companies to be back to the u.s. along with deductions for costs converting workplaces to the new social distancing rules. >> in addition to this fencing and capital expensing, why not
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provide a 50% discount for the corporate tax rate if you're moving from outside the u.s. to the u.s.? reporter: and also today the federal reserve released a financial stability report saying the markets are handling the shock of the coronavirus with all the stimulus put in by the federal reserve, the federal reserve saying that banks are part of the health related to this, there in a good position right now to handle the shock, they are concerned that the federal reserve about corporate debt saying there could be a secondary bubble if corporations do not get money coming in and income to handle the large debt that they have and even though the money is cheap, we may not be able to make that payment there if they don't have any income coming in if the economy does not open up soon. back to you. connell: edward lawrence lyman washington. melissa: rising tension between
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washington and beijing, the white house issuing new restrictions to prevent global chipmakers from selling to telecom giant huawei, hillary bond is live in washington with the details. reporter: while way has found a way to get their hands on u.s. sensitive technology, even though they have been blacklisted from utilizing this sensitive technology since last year, they found a loophole by utilizing foreign chip companies to get access to the u.s. designs and now the commerce department is requiring any foreign chip maker that uses a u.s. designed to get a license before they then hand over the technology over to while way to use in their smartphone devices, there also making while we get special permission to continue to use semiconductor designs tied to u.s. softer in technology, senator praising the move in a statement today saying the united states needs to strangle while way, modern wars
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are fought with semi conductors and were letting while way using american design. this is pretty simple, chip companies that depend on a broken technology cannot jump into bed with the chinese communist party, this role is long overdue, there is a 120 day grace period for any product or devices that are currently being produced today, they have to be exported within the next 120 days to be exempt from obtaining a special license, this is also comes on the news that apples chip maker, taiwan-based tsmc will be building in advance semiconductor factory in the united states in arizona it's a 12 billion-dollar investment that will create 1600 high-tech jobs in the area and also bring high-tech production right here to the united states. >> the word is out around this world that if you want to sell to the united states, you have to build in the united states, that's what that's about, i'd love to see apple orchards in arizona meaning that apple needs
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to bring home morbid supply chain and production as well, a great day for america with this announcement. reporter: a commerce department official tells me just because the new rule is in effect does not mean that they will reject every application that they get for license, this means this is a way for the commerce department to track where sensitive technology is going in whose hands it ends up in. melissa. melissa: it makes sense. hillary bond. connell: let's get to lauren simonetti who has been watching the markets and we wrapped up the week with an up-and-down day. reporter: to follow all of that, very volatile session, it all started this morning with a bad retail data, take a look at the close, the dow is up 60 points, the s&p and nasdaq higher as well, the jump came after president trump said the u.s. was working with other countries to get a vaccine
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ready, i want you to look at intraday chart of the dow, you can see the depth, it's down 270-point when we got the retail sales report this morning, completely cratered in the month of april, obviously people were choppiness stores that were open anyway, that number down 16 points, 4% last month, take a look at the retail sector, sharply higher for these stocks and take a look at jcpenney, not even a quarter of his share but a rally of 21% today, they diverted default media key interest-rate payment, then everything hillary was talking about between u.s. and china, beijing threatening retaliation for restrictions on while way, that sent shares of boeing, apple and qualcomm down 5%. cisco up 1% on the day, oil a big winner again, second day in a row, it's up 19% this week as you can see from that chart, just about $30 a barrel the contract is expiring a week. we will watch that, the
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lockdowns are easing, were approaching memorial day, people are moving again, that means are using gasoline and oil, take a look at stocks on the week, it was a down week across the board, down, down 2.7%, nasdaq down about one point to percent on the week. connell: there you go, thank you, lauren simonetti on the markets. melissa: house lawmakers are currently debating the 3 trillion-dollar cove in 198 package proposed by house democrats, a push that the wall street journal editorial board is calling pelosi's presidential platform, here is steve forbes forbes media chairman, basically to some of their thesis, what they're talking about if we ended up with joe biden as president, he's not somebody who is known for radical or new policy, and be hard to say what a policy is that joe biden has thought of, it's basically nancy
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pelosi would be in power and often simply if they took control the house and the senate it would be her agenda and this one is about growing the size of government, it sends money and expands every government body you can think of and does everything it can tip crowd out the private sector, what do you think about that? >> i think it underscores what this election will be about, are we gonna go the european way of heavy taxes, more burden on businesses, government control, more healthcare, or will we go the true american successful way of lesser taxation, lesser burdens on business and having patients have more control of healthcare, joe biden even though he tries to come across as a moderate when he emerges from the basement, the fact that the matter he's merge leftward, normally when a candidate gets a party's nomination they try to move to the center. he is torn that script up, so the lines are going to be drawn very clear, i think this document which mitch mcconnell
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rightly calls a parade of absurdities underscores this, it's not a serious one, if you're serious about getting a maker back to work, you suspend the payroll tax, cost nothing to do, does not create new money, it lowers the cost of labor and liability shields, these businesses are worried the get hit with an avalanche of lawsuits when anyone get sick when they open up businesses again, that's a downer. melissa: , if you look at this bill from up above it sends billions and billions of dollars to states, local governments, school districts, postal systems, even the arts, it sends masses amounts of money to every government entity, if you're looking at on an individual basis, they would say why is money for healthcare bad, why do you want to deprive schools of money, mean republicans, why do not want to, this is a time when people need the help of the government, how do you battle back against the argument. >> the best way to help people
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is get the economy moving again, economy is people, interacting with each other, buying and selling with each other, it's not an entity from outer space, the economy is us, getting us back to work and earning more in crating jobs, innovating again, that's the best help, then you can focus on their particular needs when we get a real bill of the aftermath of the pandemic and shutting on the economy, then you can do aid for particular areas instead of the blanket checks that are more down there than to really help the economy recover from the devastating disease. melissa: what do you think about municipality and cities when ucla and they say that they're going to be shot for another three months, that is just the death of small business and allay, how can anybody hold on during that period of time? >> that will be a big issue, while a lot of aid has been spent in the meantime to help small businesses, a lot of them are going to face a real big bad decision become labor day, can
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they keep this going with little revenue coming in, 25 - 50% of what it was before, loans coming due, interest payments coming due, you could have a devastating way. what ellie is doing especially in area with sunshine where you can open up another sunshine is going to be killing the virus, what they're doing is preposterous. it's got elon musk called them out on alameda county california, he's big enough to do that, i think republicans have to -underscore, this is absolutely unnecessary, there's no valid health reason for what california is doing and is going to devastate small businesses which let's remember they employ half of the merck and workforce. melissa: do you think you look at states, like new york, like california, some of the bigger blue states where they were going heavily into debt before this, i look on the streets at the empty storefronts that were here before the virus came along, now the shutdown made it
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even worse, does that lead to a change in how people view their government and the tax situation of all of a sudden we don't have any businesses here, do people wake up and want to go back to encouraging business or do they become more dependen dependent e government by force. >> i think you see the change of voters attitude, not so much of income that politician, you got a flavor about california and the special congressional election that is democrat, hillary clinton carried it but the republican candidate one, big surprise, he ran on opening up the economy, not closing in. i think you'll see that change, without businesses and people doing things, buying and selling with each other, you don't have the resources to do the things democrats love to do but have no idea how you crate the resources to pay for it. i think it's going to lead to of ownership and this is where the
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republicans have to sharpen their message about what's at stake in november, could not be more stark, the american way or the socialist european way. melissa: very true, always brilliant, steve forbes, thank you. schools under pressure, at least 55.1 million u.s. students have been hit by school closures due to the outbreak, we will top the director of policy of stanford university about his plan to get college kids back on campus safely, plus much more room in didcot new york. connell: this is the day joe has been waiting for, joe has a construction company in this area who complete the shutdown for the last couple months, today he is back and you will meet him next, after the bell, live from upstate new york as it starts to reopen, we are coming right back.
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connell: is a phase reopening here in new york state, the state hit harder than any other by the coronavirus, if you look at new york on a map, it split into ten regions, five moving into phase one of the reopening today and most including the southern tier which is where we are on what you would call upstate new york, where a three hour drive from new york city
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where there's a fair amount of work to do before the reopening can begin, the way they have it there are seven different metrics that each region needs to meet while the city has seen a two-week decline of hospitalizations, seen a decline in deaths, needs to free up hospital bed space and things like that to get to where region like this one is today, here in endicott, phase one begins to get, this town best known as being the birthplace of ibm, many years ago, the company moved the corporate headquarters out of the building that you're looking at a short distance from our location, they still have a presence and for the businesses that are still here and have a larger presence, today's reopening includes manufacturing, agriculture, limited amount of retailer, which will talk about an hour, there is construction, joe done that operates construction, he is back today where he wants to be. >> were ready to get back out there and get back to work and guys are excited to get on saying get on the house and get work done and feel good at the end of the day and were ready to
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get going. >> you have been shut down for a while, when i say shutdown human shutdown completely. >> we went to working steadily to nothing, stuck at home for the last 6 - 7 weeks, so we got the honey do list on and it's time to get out the work. connell: how much business was lost, what jobs were you working on and what are you going back to starting today? >> i'm not sure that we lost any business, i know we were postponed by a lot of business, we have a lot of understanding clients that understood the situation and were getting back to finish a few small jobs, a couple bathrooms and kitchens and then we have a few larger jobs, possible additions coming up pretty soon. connell: that's interesting because it speaks to whether the economy will bounce back quickly, there might be some pent-up demand who had worked but they needed to get done and now they pretty much want to get
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right back at it, where are we now, what type of job is this? >> this will be a multi use commercial the first floor, student apartments appear. this project will get going as soon as we can get the proper permitting which i assume will be monday. connell: that's for the university which is near. >> you break down the street. there is a lot of pent up, emotion, people want to get things done, i've been on estimates last two days, every hour on our, so i know people are excited. my phone keeps ringing, so this is going to be a good summer for construction unless we have a setback. connell: that is the thing, how do people feel in this area up
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from the new york city area when there's so much virus around, i wonder if they're feeling is different appear where maybe there hasn't been as much of people generally speaking that you know they're excited to come back and get out in the world, are they nervous, how do they feel. >> i'm very excited, i know people are weary, you have to take protective measures and facemask in public when you get social distance, the new regulations for work, knowing general people excited to get back outside and get back to work. connell: the jobs are there, the monies coming back, i'm sure it was beat up pretty bad. >> i missing anything that the economy will not come back appear, i know retailers hurting in restaurants are hurting but i'm pretty sure they're excited to get the projects that now, i can imagine if you been stuck at home for six or seven weeks and talking about the wi-fi the bathrooms not done i guess it'll get done soon. were booked but were over accepting and redoing estimates and looking to sign up and work.
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connell: thank you for sharing the story. good luck with everything. one other thing he told us about his business which is interesting, expenses have gone up considerably if he comes back, he's had to go out by ppe, as an example for everybody on his staff, he had to hire a worker to make sure he's in compliance with new state safety standards, that's another item for businesses to consider, later in our will talk to the owner of the brewery where were broadcasting from in endicott, he will talk about crated ways how they have been able to keep business from falling off during the lockdown. melissa what else? melissa: very cool, the first live sport making its return, nascar will be back on the racetrack this weekend with new roles after ten week hiatus. ♪ ♪
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connell: were back with the fox business alert, the security general in the state of texas are moving towards bringing antitrust laws against google in doing so as early as this summer. this coming from the report justin from the wall street journal. melissa: sports fans, start your engines, nascar is back in fans can tune in this sunday for the return of live sports for the first time in two months, grady trimble is live in chicago with the details. >> we are looking forward to it, the race will be pretty much the same, 3:00 o'clock sunday, darlington raceway in south carolina, there will be no fans in the stands or the infield and said they will use that space to let the crews spread out a little bit more and speaking of the crews, the teams will be limited to 16 people each of the track itself, even the broadcasters like jeff gordon calling the race on fox, they'll be at a separate studio in
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charlotte, north carolina. nascar said that will test everybody at the track but there will be medical personnel on hand to monitor for covid symptoms and to take the temperatures of everyone there, they will be required to wear masks, that includes the drivers except when they have their helmets on which act as a face cover. nascar releasing the schedule through june 21, all of those locations, you see there in the south, all of them without fans, nascar's president saying he is excited for things to rubbing backup. >> i'm really excited to be back, it's going to be different for sure because i won't be fans, and a hiatus is something that would never had a history as well, really excited to be back. connell: in the world of golf, it does not officially start until mid june but there is a call my fraternity this weekend between the light worry macro right and ricky feller and a couple others, they will not wear masks for their coffee but there will be no fans and they
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will not be caddies, the golfers will have to carry their own clubs to social distance and avoid cross-contamination and these are the two live sporting events back on television since about two months ago, fans really eager to see how this all works with the social distancing guidelines in place and no fans watching. it will be unusual but i will tune in. melissa: i cannot wait to watch, to having them carry their own 'like us doing her own hair and makeup, you have to roll with what's going on. thank you so much. from socially different classrooms to health screening, were learning new details on what schools could look like in the fall, plus a traditional prom, reimagine, the broadway the problem is encouraging students to submit videos and photos of themselves online and the team will combine them to create one big worldwide prom, i
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know o'connell is going. the two i never prom, we know some businesses in upstate new york are allowed to open up again today, met sharon broadcast center, for some retailers, it can be easier said than done in some cases. that part of the story is recover the reopening of new york, were back from endicott in just a moment. >> i had one person come to my door and got aggressive because he wanted to wear his mask and i said as long as you don't do that -- >> i'm here for the long haul and the have delivered. ♪ ♪ ♪ ♪ ♪ ♪
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connell: if you open it will they come back? that's a question that the retailers in upstate new york are facing, many closed are allowed to reopen today but just for curbside or in-store pickup, we were looking around earlier today, the city and bringing tim which is not far from where we are now, many of the stores, technically allowed to open remain closed, there is one block, sports memorabilia store located next to the place called a magica which is a store that sells everything you can imagine, the owners told us the times for retail are still pretty tough even with today's opportunity to reopen. >> businesses rough, most of the stuff in our store is very unique so it's hard to put stuff on a website, we don't have 20 of the same version of a book or
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20 of the same stone or anything like that. so it's a little difficult, were selling probably in a week what we used to sell in a day, were not making money doing this right now, but were losing money less quickly so it keeps us afloat and keeps her bills paid. i can't wait to we can open up in phase two. >> phase two seems to be the one people -- you doing curbside or pickup only. >> were doing curbside and pickup only, we have the magic kcal9.com which is our website, people can go there in order or they can call here. >> this area is reopening sort of today for retail, you can do curbside but you're not yet. >> we will wait until phase two is when they want us to wait to have people in the stores and walking around to doing that. we are lucky, we find a good online sale that have gotten us through this, some of the stores have not had that, were able to
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hold off a little bit longer if need be. connell: there was a store down the block, furniture store that was doing the same thing, we popped her head and they were cleaning up, they passed up the chance to reopen today even though they are allowed, like those two guys are saying they're waiting for phase two on the hope that that would make more economic sense. it is limited for retail, something to keep watching. melissa: back to the classroom, the cdc releasing a checklist that k-12 schools must follow when trying to reopen this fall as universities also across the country way options to get campuses up and running for the upcoming semester. here is lonnie ten fellow at the hoover institution and director of domestic policy studies at stanford university, thank you for joining us. let me ask you the cdc put the guidelines out, and i heard a lot of complaints, i heard there were not very specific guidelines in there like students must be this many feet
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apart, if a room for the size you may have this many children, these ports may not come back, that is what people were saying the cdc should have done, is it realistic or helpful for them to set hard guidelines like that? >> i don't know that it is, i don't know that we want the cdc issuing guidance at that specific is not. i really think at the end of the day, it's going to be a question that local school districts are going to have to make a decision based on their conditions, and their communities. for some school districts, they're going to be able to open up this fall, relatively similarly to how they were doing school before the shutdown, and other districts will have to be a lot more cautious about it, depends on the conditions on the ground but it's not really for the cdc to provide that specific guidance, i think it will be up to the local decision-makers driving situations based on the conditions ac. melissa: what are your thoughts
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when you specifically put together a plan for universiti universities, what are the major points? >> the big picture, we have to try and get as much in person instruction as possible. first of all, a lot of people are paying a lot of tuition and they're not paying that tuition frankly to watch zoom broadcast, they're really paying that tuition to get that in person interaction, we really advocate for things like making sure residential facilities, dormitories were social distancing you're putting in place wider spread hygiene requirements, facemask wearing, we really advocate for the use of contact tracing on campuses so if there is a particular case coming able to get isolated, you're able to inform people that they may have been exposed was someone to the virus, we also see in some situations, older faculty members those who are more health risk, they may not be able to come back on campus right away. it's a combination of getting things started back on campus
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while recognizing that things will not be exactly as they were for most colleges and universities as before the crisis. melissa: one of my kids schools held a big meeting last night to talk about the big picture in their plans for the fall, one thing that struck me, went to have, whether little kids are college students together, you can't really keep them physically far enough apart to keep them -- the social distancing that were supposed to do is going to be impossible to do all the time and what it's about is limiting people who can come in and out of the campus for the institution, checking temperatures and everybody who crashes the threshold all the time and almost monitoring everyone as they move around, whether you stuck in our fd i chip in them or something so you would know something happen in real time, maybe through computer program, who they had interacted with. what do you think about those ideas, this idea of having kids or students always have a mask
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on is not realistic and is not going to happen, they're going to play together, they gonna go on a date. >> we want students to have those interactions, that's part of what school is about. this will not be an airtight process, for the college and university situation, i think it makes sense when the students are coming back on campus, they either need to have been tested recently or shortly after they get on campus, we need to continue some kind of testing through the course of the term. that will be an important piece. i think it's going to be tough to have the social distancing that you can have in social settings or between adults as you do with kids. the one thing i would say that we have been pertinent about as we look at the virus, generally speaking, younger folks are really less likely to have serious health effects. school age children in particular are at less risk, no no risk but a lot less, i think we can really use that to our advantage in terms of recognizing that some of these
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interactions would be less safe so to speak between adults are safer when were talking about school-age children. melissa: thank you, great stuff, we really appreciate it, come back soon. a rental hotspot amid the pandemic, details that is giving you life to suburban economies. plus much more from upstate new york. connell: we will continue from the brewery here in endicott new york, you can't come in here yet at the bar but you can pick one up at the counter behind me. and take it with you as you walk on the streets. that's a pretty good idea, how about this for another idea, virtual beer tasting, they call it creativity in the age of coronavirus. that and more coming up next. ♪ [squawks]
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but it only covers about 80% of your medicare part b costs. a medicare supplement plan may help pay for some of the rest. two: this type of plan allows you to keep your doctor - as long as he or she accepts medicare patients. and three: these are the only medicare supplement plans endorsed by aarp. learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. melissa: fox business alert, vice president mike pence adding five new members to the coronavirus task force, he said the new members including two doctors and secretary of agriculture sonny perdue and labor secretary dean's scalia will add expertise in the field of vaccines, therapeutic and worker safety as a task force
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renews its focus on getting america back to work. connell: i think it is fair to say that you and i met some creative business owners over the couple of months and we have another one for you here today, were coming to you from endicott new york, upstate, we were broadcasting from the north brewery, a popular establishment that make their own beer, they're serving to go orders behind us, the customers on the street walk up and during the lockdown as you bring in the owners, they put together what are called virtual beer tasting event, i was reading, let's start there, good to see you, thank you for having us in. >> what's virtual beer tasting. >> trauma we partnered -- we ended up partnering with newark state and we ended up doing live virtual of our customers on facebook, and instagram. >> did you get a lot of people in their. >> i think we got up to a couple
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hundred people that end up watching the show with a five, we ended up doing tasting, cracking beers with them and had beer the home, so it felt like we were at the bar but also inside their house as well. >> we talked to a lot of businesses over the couple months where devastated and lost all of their business, others are finding ways to get by, they lost a lot but there scratching by doing something different, how are you guys doing, we've only been here for a day but it seems like you guys are busy, people walking up and getting vertigo. >> it's been absolutely phenomenal, we have two great business partners, my father and chad who bought into the company and they've also been really creative with coming up with ideas a putting in the garage door so we can sell beer to go to customers and we've been really creative with our label we've been pumping out 2 - 3 beers to get customers to come down and take it back home and do the virtual tour we were talking earlier.
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>> people are so interested if you have something that they want to buy. >> the more beer we pump out in the different styles and different hops are pulling their customers. >> what's his area like, he's in construction we interviewed him earlier, people can't wait to get back out there or they a little bit hesitant, what is your sense. >> i think it split, you're the one camp, have a lot of friends own businesses, especially in washington like a barbershop, renaissance tattoos and they need this income, they are ready to go out in the workforce and do great things and then there's the other side where i have a wife at home and the kid who says i don't know if it's safe to go back to work, she's in middle school. >> if that is the case, we come back, they economy comes back and it takes a while, is that your sense? >> i think it might come back tenfold. connell: your optimistic. >> i'm optimistic, i think there will be a lot, once everything reopens people will come out and it will be like back to normal.
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>> second half of the year end things like that. >> the town in the mirror in the village have been very great to us with an outdoor café that were ready to put up. connell: that's what a lot of restaurants are, we were on long island and they said we might not be able to fit as many people in the restaurant or maybe not as many people belly up to the bar so to speak but you can go outdoors or have outdoor seating. >> the town has approved us for that, the mayor is gung ho in helping us get back, this will be her second year sober very grateful that we have people supporting us like that. connell: were grateful for to you for having us and because it's pouring rain outside. we would've been in trouble if it wasn't for you. >> they stand for having us and coming down. connell: would try to put the spotlight on small business like yours and we will continue from endicott with a little bit more as they open up new york state. melissa back to you. melissa: the coronavirus in many
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city streets empty sparking a new boom to the surrounding suburbs and local economies jerry is joining us with the details on this. reporter: that is right, homebuyer interest is spiking in suburban rural areas outside of the big metros but most of the money being put down right now is for rentals in these areas as families look for alternatives to city dwelling over the summ summer. >> are short-term rental market has nearly doubled year over year end i think this is very similar to 9/11 where it was very fear driven and panic in the time of year with the kids been out of school, knowing that the summer was coming, a lot of people decided let's get out of dodge and go to a short-term rental of 3 - 6 months and settle into the summer and they want is amenities. reporter: fast money has homeowners moving into relatives to put their homes into the rental market.
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>> right now they are packed, as if you're in the middle of the summer, it is boom season in the hamptons, houses that used to go for ten, $15000 a month are asking 30 - 35, the city was getting the top dollar prices, now that is shifting away. >> from early on the may coronavirus to right now, real estate websites are surging leaving some to estimate that sales in rural areas will go through the roof, but the data is not bearing that out not yet anyway. even so some areas like the berkshires where i am right now, buyers are purchasing on scene. >> they asked the region to go over and do a facetime video with them, they liked what they saw, they put in an offer, the offer was accepted, the buyers as principles never came to visit the properly entered property physically, inspection or closing. reporter: the home sales, fall
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might hold some answers but for now it is all about the short-term rental. back to you. melissa: amazing. a salute for the fight against covid-19, the 106 rescue wing of new york national air guard flying over 26 long island hospitals today as a thank you to everyone in the state working so hard during this pandemic. we'll be right back. ♪ can my side be firm?
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confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours at letsmakeaplan.org. ♪ melissa: connell, i love everything that you showed us today. what great reporting, getting out there. you want to see where people are reopening and getting back to it. one thing through this whole pandemic, you know, i want to look at the bright side and try and find inspiration in the way that some people have pivoted their business, for example, to try and stay alive and make things happen.
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it so much captures the american spirit, you know? you see people in new york, for example, there's, you know, really big business in walking up, like what you're doing there, walking up and buying beverages. you can't sit down and have dinner or just take a long walk, you get a glass of wine and,, you know, you walk around with your spouse and try and, you know, find something light to do. i don't know, that's a lot of what you saw today, it seems like, trying to find a creative way to survive. connell: you know, i think that's going to be one of the bigger stories that comes out of this once we take a deep breath and realize what we've collectively been through. especially on the business side, the businesses that have adaptedded, that have learned to do something better,, something different than they did before will be the businesses that come off the this as winners. now, we're till in the middle of it, and one of the observations i'd make from being outside of the new york city area for the first time since this all started -- of course, we've been on long island and in the
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suburbs and the city, is that it's not that much different here. and the phases for a state like new york that we're going through, we're in phase one in upstate new york, sure, people are excited to get out, but they haven't really started to test this yet. for example, a restaurant that was open for takeout and delivery, they still are. it's just a limited number of businesses that have started to open up. what you do see that's encouraging is there's certainly some pent-up demand, think back to the construction business. there are people that, you know, he was joking around, he said if someone, a client of his, a husband or the wife says to the husband, you better get that kitchen that you promised done, let's go, let's get this done. so there is that pent-up demand, and some people getting back to work. it'll be interesting once we move to phase two if we see even more of that. melissa: yeah. absolutely. i mean, that's it. so many people locked inside their homes, they want to get out, and they also want things fixed. connell: yes, they do.
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i will see you -- melissa: that does it for us. connell: well, this way, i guess on monday. have a great weekend, everybody. it does do it for us. thanks for joining us, "lou dobbs tonight" starts right now. ♪ ♪ lou: good evening, everybody, and breaking news on capitol hill where the house of representatives is debating a $3 trillion economic stimulus bill, a massive, pork-laden travesty only thinly disguised as a wuhan virus relief bill shamelessly put forward by the queen of the hill, speaker pelosi. the speaker, however, is this time running into some resistance from within her own party. she could be, in fact, approaching a battle in her party. several democrats today announced they will buck the speaker on this vote and vote against her new measure. the so-called moderates say the bill is
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