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tv   Cavuto Coast to Coast  FOX Business  May 22, 2020 12:00pm-2:00pm EDT

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their mount because they're getting soaked. but it was a fine performance, a fine presentation and that wraps it up for the memorial day kick off there with president trump, and the bike riders there on the south lawn. it's pouring and they're getting soaked sorry about that. neil, it's yours. neil: all right, i guess i'll try to motor on. [laughter] thank you very much, my friend. i know, i know, look, i try, but i can't. as the president honors veterans on the south lawn of the white house, a wet lawn at that, a wet ride for bikers the fact of the matter is, we're in a bit of a wet environment for stocks on on the corner of wall and broad as we wrap up this week but its been tested ever every which way you can think. by the way you'll see by the end of today all 50 states well but in one way, shape, or form, reopening. alaska leads the states that is fully open. in other words back to what it
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was prior to the virtual shutdown of the country a little more than a couple of months ago that was then a big come back now beaches open throughout much of the north east. that was a big deal, and the new york new jersey area there's a battle going back and forth as to whose beaches are more open apparently new jerseys are more open than new york, so a lot of new jersey residents are concerned new yorkers are going to spoil all the fun for them and crowd their beaches but it gets pretty involved here but we'll update you on all of that. also updating you on some economic numbers that they're watching and some tension between ourselves, and the chinese that they're watching because that is weigh ing on stocks probably more than anything else the fact that we had told the chinese to cool it when it comes to threats for still more security tightening going on in hong kong , the chinese have more or less come back to tell us what are you going to do about it so that's escalating as you go into the memorial weekend the latest on all of this first to jackie deangelis monitoring them each and all.
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jackie? reporter: good morning to you, neil we made it to memorial day weekend and as of right now at least the weather seems to be cooperating, and there's so many people who just want to try to have a normal weekend after surviving through the coronavirus, the lockdown, and taking such a big toll on people. all 50 states as you said are in the process of reopening, so i want to walk you through this. you mentioned alaska. fully reopening today but 22 more states are continuing this easing process, including new jersey, new york, connecticut, delaware, virginia. these are the ones that are opening beaches with some restrictions and they're going to be doing it a little differently but keep in mind new york city beaches, they are excluded. in massachusetts, they're going to open the beaches on monday, which is the actual holiday, memorial day. remember, different rules in different places they've seen different impacts of covid-19, and even open beaches aren't going to look the same. in many places you'll need to wear that mask, you've got to
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social distance and you aren't going to be able to camp out as you normally would on a hot summer day. now in my experience i was able to get out to long island last week to the beaches. the food stands are closed, the restrooms are closed so this makes it difficult this summer or at literally summer for people with families, for example, who might usually spend the whole day at the beach can't really do that right now, at least not in new york. if you can't get to the beach, some of the pools are opening in a number of states for the holiday weekend. arkansas, delaware, indiana, iowa, north carolina are lifting restrictions as well and another memorial day weekend favorite, camping. and haul effective of states are reopening like maine, nebraska, and inventory vermont and people are sort of hitting the road, so it's something to think about, but neil, let's also not forget the silver lining to all of this because right now with people on lockdown or perhaps where they need to be already,
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the traffic is going to be a lot less if you're hitting the roads like i am this afternoon, so i'm looking forward to that but also looking forward to trying to get back to normal. neil: good, slow process begins, all right thank you very very much, jackie on all of that and now we told you a little bit earlier about what's weighing on stocks and some tension between ourselves and the chinese overnight, the chinese were planning some sweeping actions again hong kong, critics have been saying they are using the cover of the coronavirus to really crackdown but it's not gone unnoticed in the world here in the fact that the president already indicated that he would respond to this and then we hear from xi-jinping the leader of china saying go ahead make our day. he didn't say that but he did say well go ahead, make our day. so edward lawrence with more on that. where does it stand? reporter: yeah, you know, very interesting. it's the first day of the legislative week-long session for the chinese and they're basically thumbing their nose at the u.s. , also at the world.
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now the national people's congress is looking at now passing a law, national security law changing those national security rules going forward criminalizing activities that be sub verse ever to the government, also allowing chinese security agencies to work in hong kong, and the chief executive of hong kong supporting the move by china saying this about two hours ago. the draft decision is aimed at safeguarding national security and the prosperity and stability of hong kong, thereby better protecting the legitimate right and freedoms of all members of the public. and investors in asia showing concern with sell-off, the biggest in hong kong as you can imagine down 5.5% there, u.s. state department condemning the move urging china to honor their agreements. this comes as china's actually opening more agricultural markets to u.s. farmers potentially meaning billions of dollars for those farmers sill the administration saying there will be a response if the measure passes in beijing. they're going to see a lot of
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economic harm from what they're doing because if i had capital to invest would you really want to invest it in a place where they're basically smearing at the rule of law the way they are , i wouldn't so i'd expect they have serious capital problems that hong kong if they follow through this will no longer be the financial center of asia, and that they themselves will be very heavy costs. reporter: other white house economic advisors say they are not anywhere close to being satisfied with china's response to the pandemic, to the coronavirus, but that the phase i trade deal is still in fact, still those tensions is creating another layer of tensions on top of this , is the hong kong aspect of this and those tensions increasing now and effecting markets around the globe as it is effecting our market, neil? neil: edward thank you very very much. the capitalization there, we also were hearing from kevin has sett in that piece, but one thing interesting that i quote that hassett mentioned
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right now 69% of businesses in this country are open. that is up from about 59% a little more than a couple of weeks ago, so as more businesses open and more states reopen, the feeling seems to be that whatever weak economics we've been seeing this might be the worst of it probably will be the second quarter gdp number when we see a hit of as much as 40% maybe more and unemployment that could climb over 20%. hard to say right now but the former dallas advisor intelligence ceo chief strategist danielle, obviously the country is slowly coming back to work, the federal reserve indicated that over this course of the week as did many on both sides in congress that more stimulus is on the way , so the trend is the friend foreseeing these numbers improve but will they improve quickly? how are you seeing it all sort out? >> well i think it's that
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quickly aspect that we have to be concerned with, here in dallas, mark cuban has done some great surveying locally, and we've actually seen some to hassett's point we've seen some companies open and reclose because they haven't had sufficient demand on the other side, so until there's a certain level of confidence, you can see data that are promising coming out, showing that the country's economy is reopening, but it's that confidence factor that it's very uncertain that's going to be on a very personal level that's going to dictate how quickly this economy can't just reopen but regenerate itself, neil. neil: all right, so if we've got 7 frac 10 businesses kind of reopen now, that would seem to be better numbers down the road, now we're well-prepared for lousy data that we've been getting and probably the data that we're going to continue to get the second quarter gdp is one everyone is watching it's
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going to be an awful number, how awful is it going to be for you and like what are you looking at >> you know, i think the number that you mentioned, 40%, is somewhere in the realm of what we should expect but you have to remember neil these numbers come out with such a lag and markets are extremely forward-looking and we've all kind of slaved every thursday morning so the jobless claims report or the weekly reports that we see on housing, or other red book retail sales that we see. we've really become much more intune with realtime economic indicators and i think that that's what markets are going to key off of increasingly because we know what we know about the second quarter but we're not actually going to see that data a long time. we are really continuing to watch traffic patterns and retail sales and restaurant bookings and any kind of realtime data that we can see. that's what markets are hanging on to. neil: let me ask about something the president said that was almost in passing about the possibility of spike in
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cases. he almost predicts that that's going to happen says it's a distinct possibility but that he would not entertain shutting down the economy in that event or doing what we just are getting out of now. what do you think of that and then what would the fallout economically be of that? >> well i think what we need to appreciate is theres a difference between authority closing down the economy and people choosing not to come out into the economy. i mean, we all in our respective states are watching case counts and here in texas they continue to rise. we've seen the health department shut down some local eateries here, so again, i think it's going to be not a matter of being told that we can come out and consume and resume normal economic activity but knowing it and being able to see it in the data, so if we do see a resurgence in cases again that
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is going to chip away that confidence whether or not the government shuts the economy down or not. neil: danielle, always a pleasure talking to you, be well , be safe, good health to you. >> have a nice weekend. neil: you do, a read on this economy and interest rates, markets all of that stuff. you know, there's been a great deal of talk again about more stimulus. we just touched on that, but it does seem to unite the parties that there will be something down the pike. it might not be the $3 trillion for example, the democrats just approved in the house that is supposedly going nowhere in the senate but we're already gauging maybe at least $1 trillion worth the only question is what's going to be making up that trillion bucks? reed wilson is the home correspond enter what are you hearing, both republicans and democrats seem to be open to more spending republicans are saying at least see what we've got for the buck right now, but they're under enormous pressure for still more stimulus. what form do you think it's going to take? >> right and i think we're see ing, neil, is a question of
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not if but when and how much, and those who are going to be the focal points here, we've seen senate majority leader mitch mcconnell talking about the next bill including some businesses so that they might be able to avoid lawsuits, connected to the coronavirus and that seems to be his starting point, meanwhile the house has passed its $3 trillion plan and what we're seeing more and more is republican senators especially those up for re-election this year in vulnerable states senators like corey gardner in colorado, susan collins in maine talking about canceling memorial day, coming back and actually doing another bill so that tells me there's mounting pressure on the republican side to pass legislation sooner rather than later and i don't think the negotiations are going to be particularly long. i think we may get something here in next couple of weeks. neil: you know,reid, we have no way of knowing how it's all going to course out, there could be a second wave or mutation of the virus as its happened in asia. controllable variances i grant
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you, but in the middle of this you have this friction between ourselves and the chinese that could have enormous economic impact. how much of that is factoring into folks thinking these days? >> yeah that's a huge issue especially as we watch the chinese begin to sanction the australians, and slap tariff s on some of their agriculture products coming in, after the australians called for an investigation into china 's handling of the virus. now china says they will back an investigation into the global response more broadly, eventually but they want to wait until the virus has been brought under control. this feels like the beginning of a new front and sort of the u.se in global public health. we've seen the chinese step in and restore funding to the world health organization but the u.s. ended so they are sort of taking up that role and becoming sort of more of a leader on the global stage at our own expense, so it does feel
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like sort of another front in this growing number of conflicts that we've got with them around the world. neil: you know what i wonder whether china just feels like a wounded cornered animal right now. it has very few allies that support on the planet, and all of a sudden here we are threatening them you get tough with hong kong we'll get tough with you and they come out and say well let's see you do that because we're going to not change anything here, and i'm just wondering between that and the australian situation you alluded to, be careful what you wish for in ostracizing a country, right? you might get more than you bargain. what do you think? >> yeah, and the obama administration tried to manage china's rise. they saw china's rise as in ever it all but the trump adminitration has taken at times a confrontational approach, and it seems to go back and fourth and remember president trump was complementing president xi on
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his handling of the virus early on and that tone has certainly changed as we've seen more and more republicans especially in washington talking about confronting china over the virus itself. neil:reid, be safe, be well thank you for your expertise. reid wilson, correspondent on the hill. i do want to remind you remember yesterday i was talking to you about all of these companies telling their workers, you like working from home? you can keep doing it, i told you about jackdorsey at twitter. there's a little asterisk. yes you can continue working from home, we can see half our workers doing that maybe for years to come, but maybe not at the same pay you're getting and that will really depend on where are you working from, after this. in my line of work,
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neil: all right, facebook a lot of high-tech companies are letting workers know, go ahead you can continue working from home. there's a caveat though depending on where you live you could be getting paid a little less, maybe a lot less, depends exactly where you are, but this is a new age and a new era, right? garrett levy following it all
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chief strategist. jarod, it's no surprise the tech companies in particular more predisposed to handle this workforce doing a lot of their work from home but this was a signal and i found it very interesting. what difference should it make whether you're in the expense neck of the woods or tele communicating from one that isn't so expensive, why should your pay be pegged to that? >> well okay, so a couple things. as a preamble here let's just remember that this is the way things are going to have to happen. i think a lot of companies realize that the big expensive places they've purchased or leased is not the best investment for them and not a place their employees come at least in the near future so remote work is probably the way we're going and to your point i don't think forcing somebody initially, let's just say i'm stuck in manhattan and i just bought this big penthouse and i can't sell it and facebook is
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telling me, if you move, you're going to have to take a reduced pay. well first i need to find a place that's going to cost money so there's costs involved in that but i do get that facebook is valid in their point. i mean, this is going to drive complete changes index o graphic s across across the u.s. from an urban planning to budgets. people are used to be their living spaces were dictated by their work spaces. just like you i'm sure you don't live six hours away from your job. you try to find a convenient location to get to work. now that kind of changes like oh , i can go out and live in the countryside, have me a couple horses and i'll take a little cut in pay so i actually think i would argue the vast majority of people are going to be okay with it. if the logistics of facebook kind of taking that strong arm like i think you used a word there will be severe ramifications if you don't inform us of a move right away. people need to adjust their budget and that might be tough at least in the short-term. neil: but if you're getting work
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done for the company, and i understand everything you're saying or it does make sense, but and you're doing everything that facebook wants you to do, you're monitoring whatever facebook has you do, policing ad s that have no truth to them that's fine, but i'm just wondering then what difference does it make from where you're doing it? in other words, the one who has the very pricey home, near facebook's headquarters is going to be paid more doing that same work from home versus another work or maybe a little further out doing the identical work. you could make an argument maybe a good legal argument to say no that's not fair either. >> you could, all right? and again the other point of this is like for me i do a lot of my work from home now. i go and meet with clients and such but i've morphed my business to work from home and frankly i'm up at like midnight working. i actually work harder from home because there's like this feeling of sort of guilt,
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and to this other point, and i agree with you neil. there is an imbalance like whose to say that this guy just because he works from home should get paid less. i think they are kind of gambl ing on the psychological aspect because i believe the majority of americans are like i'd like to work from home. they are reducing what facebook is probably banking on is the fact that i don't have to sit in an hour or two hour long commute and put mileage or wear on my car so that's the game they are playing and ii think it's a good psychological play. i don't leave it's the right thing to do because there are folks who actually work harder from home but that's the gamble a lot of companies have to pay and a lot of americans right now are going to accept. neil: no i think you're right. i absolutely do think you're right and i do think a lot of companies consider now it's saving a lot on commuting and other related costs. why should we pay the same salary we were. i get that. i just think that this is to your point, part of the big
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changes we'd see going on post this virus that are going to be big shifts in our thinking. >> challenges for sure, and psychological. we set down a bunch of us for my work and we're just trying to figure out how does this change the interaction of workers, of commercial real estate, how does it change how we interact? what's okay socially? the other argument on the flip side of working from home is you can't collaborate really well. like these zoom meetings there's delay in talking people have bad internet connection, some guy doesn't know how to do this camera. there's a lot of things at play here neil and again, it's i think a lot of companies are sitting back letting things play out amongst the masses and then if they need to adjust they will but i think they will try to push america as hard as they can because they are up against the wall, we're in a recession, let's get what we want a little bit more and if americans pushback, then we'll give, but i
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think companies are in control and employees are in control especially those willing to pay stable, good money and put people to work right now. neil: yeah, well said my friend be safe, be healthy this weekend thank you very very much always good hearing from you. all right, to his point about if you're at home dealing with this you might be able to show your employer what's rocketing so maybe they will give you some something for that. after this. i just love hitting the open road and telling people that liberty mutual customizes your insurance, so you only pay for what you need! [squawks] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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neil: all right, there's unmistakable trends where people have been sheltering at home and as they get ready for the beaches, a lot of them are making their home their resort and a lot are looking at pools jeff flock following that on splurging for something that's associated with resorts. sir? reporter: we have been following , neil, as you know,
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all of the businesses that are reopening and actually, booming right now, and i've got one great one for you. this is called american sale pool business in chicagoland, bob jones founded this business. he be happy today, because you've never been busier. >> well actually is very happy today, every day he asks me for our numbers and it's great big smiles. reporter: because you're getting swamped with calls as we're surrounded this is where they sell and above ground pools now are huge, neil because people it takes a while to put an inground pool in but you can get these fairly quickly if you act quick right? >> yes, yes, very quickly now because we're running out of stock. we've had tremendous demand over the last few probably three or four weeks, and we just are trying to do our best to keep up with that demand. reporter: the thing they normal ly get about 300 calls of inquiry this time of the year and now they say they're getting a thousand, 300 calls a week and now a thousand and also, you
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know, people are buying stuff like playground stuff too and trampolines. >> absolutely all of the stuff for outside for people that are trying to enjoy their homes, this summer, with different public pools being closed down, they're looking for things to do reporter: can you keep up with this kind of demand? i mean, you've got demand that maybe you've never seen before, and the supply chain was kind of shutdown for a while. it was and it is. it's a challenge to get the merchandise from our manufactures now, because of all of this demand because it's not happening just here. it's around the country. reporter: i want to get over if i can, before we finish up here this is an inground pool and you can get an inground pool but that's going to take you a little bit longer and i want to show you one other one and that's one of these pools that you can what is it called? the workout pool? >> yeah, these are some people call them swim spas. they're kind of known as that, but we call them endless pools.
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reporter: i gotcha this is where the water kind of shoots at you and gives you a little bit of resistance and that sort of thing. >> yeah, these are the best to swim in, because you never have to turn around you can swim as long as you want, they're fantastic for exercise. reporter: a boom in this one as well. >> oh, yeah in fact, we're struggling to get these models as well. reporter: family-owned business three generations in the chicagoland area, american sale is the company, pools are just booming right now. you know i have a pool, neil. it's full of leaves right now, however. so that's in philadelphia. i've been scooping lately but some day. neil: some day whenever you get back home. jeff, always good. thank you, my friend. thanks to a wonderful guest there. it's nice to see obviously people, they're home is their castle so make the most of it but what doesn't seem to make sense of this environment for
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those planning barbecues and the like is the sticker shock they're getting about beef and related prices that because of the supply disruption we had in places, like south dakota throughout much of the midwest, all around the coronavirus concerns and everything else, that it could effect your barbecue and it could effect obviously what you choose for that barbecue, and we are joined now the founder and ceo, matthew, what are you seeing from your front? >> what are you seeing, matthew from your front? what's the effect, is this real? i was told that these shortages wouldn't last very long and the run-up in prices wouldn't last very long either but apparently, they are. what are you seeing? all right, we apparently have some audio issues. we'll try to fix that up in the meantime, we'll take a quick break and i do want to take a
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quick look at what's happening on wall street right now. this has been a very tough week for the market here, but particularly today on these ongoing china concerns, now again, it's getting nasty between us but things really got nasty overnight when the chinese indicated some sweeping new security measures and crackdowns for hong kong, we immediately replied, no, no, no, we're not going to let that go, xi-jinping then hits the wires to say well what are you going to do about it because i'm still going to do it and that tension as well as concerns about a trade deal that might be falling apart has a lot of people getting very nervous going into this weekend. stay with us. america's oldest lighthouse has weathered many storms. seeing the break in the clouds before anyone else. together, we'll weather this storm.
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well, that investment can give you tax-free cash just when you need it. if youre over 62, a reverse mortgage loan can be a source of retirement security. act now while home values are high and interest rates are low. look, reverse mortgages aren't for everyone but i think i've been 'round long enough to know what's what. i'm proud to be part of aag, i trust 'em, i think you can too. trust aag for the best reverse mortgage solutions. call now so you can... retire better neil: all right, beaches are open, kind of, but in new york, not without some big caveats new jersey too come to think of that laura ingl.
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from lido beach on long island with more. laura? reporter: well memorial day weekend is certainly going to have a whole different look and feel to it as new guidelines are being implemented actually coast -to-coast as people are trying to be kept safe, socially distanced and of course covid- free as they head back on to the sand. people are breaking out of quarantine so to speak the name of the game this year will be know before you go with so many different rules from town-to- town you'll need to check the beach policies where you live to make sure you can do the things you normally do at the beach like go for a swim or even have access to a public restroom, because though rules vary. many beaches nationwide are allowing only partial access while others aren't allowing sports of any kind. we're talking no volleyball, tossing around a football or even afrisbe: texas, for instance ordered the reopening of the states beaches while in california there are no counties whose beaches are fully opened. new york's governor andrew cuomo
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says in some cases people will be required to wear masks. >> there are certain rules on beaches that are operating, primarily 50% capacity, and then social distancing on the beach. no contact activities obviously, social distancing will be enforced, masks are required to be worn when social distancing is impossible. reporter: then there are places where people could only walk or sit on the beach, like new york city beaches, because health officials say they aren't out of the woods yet. >> you saw the images from florida and california in the height of the crisis, people are going back to the beaches literally like nothing had happened at all and how horribly dangerous that was. reporter: and you won't be see ing that usual patchwork of towel-to-towel you know how they usually meet together on the sand. in most cases there will be six feet rules on this beach, and ni
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ckerson beach on long island it's 10 feet and of course there will be a new trend this year, neil, mask tan lines. we'll be seeing that. that's coming next, back to you. neil: [laughter] it's a family show, young lady. all right, thank you very very much, laura ingle on all of that can you imagine, we'll try this again, and cooks venture founder and ceo on what appears to be a shortage in and matthew, can you hear me? >> i can hear you, thank you. neil: excellent i apologize for that. we got gremlins taken care of. you are right i'm seeing this pop-up in a variety of stores across the country. not all, but it has led to higher prices. how much higher do you think this goes and whose going to be effected? >> well we're hoping it's not going to go too higher and i want to highlight that there are some issues on the supply chain end that are starting to appear which we have identified as
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known issues in the system for a long period of time, due to the fact that we don't have a lot of genetic diversity and livestock which means that the animals that are kept on feed today are just eating more and more and more as we're either having to euthanize them going into the plant or incur those costs of feed whereas if we were seeing more genetic diversity in livestock, you could help to pullback on some of the feed in the animals and still have healthy animals and we wouldn't see these increases like we're seeing today. i'm hoping that we'll get more plants open in the near future and we'll start seeing meat prices drop, but for now, farmer s are incurring higher prices, meat companies are incurring higher prices and therefore that's getting passed on to consumers. neil: what are consumers doing in the meantime? are they veering to other cuts of meat or chicken or what are they doing? >> we're seeing folks move to chicken as one avenue but one of the main issues too is that a
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lot of the meat that was allocated for foodservice for all of the restaurants, fast , casual environments that were traditionally taking a lot of that product has now been re allocated to retail. we all know that's been going on for some period of time so one of the biggest limitations is finding companies that can process retail packaged goods for grab-and-go in the grocery store as we have less workers behind the case in the grocery store and all of that food is going into more commercial supply chain is being eliminated , so i think folks are just looking for value, but i think one thing that's really important to keep in mind is as we're shopping for value, we should be looking for meat products that are supporting more sustainable practices in agriculture with american farmer s and plants and making those decisions so we can avoid these problems in the future. neil: all right, matt, thank you very much. i mean, someone advised me, neil you could always become a vegetarian i said immediately, let's not go crazy here.
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i'll watch this very closely thank you for that update. you know, car dealerships are coming back or soon to reopen but you could always buy a car online, and man oh, man are there some deals online, after this. now more than ever, you need technology you can rely on. and people you can rely on. i'm a dell technologies advisor. me too. me too. me too. and if you're a small business, we're with you. we are with you. we're with you. we want to help. so we'll be right here. at home. answering your calls. providing support. and standing by you every step of the way. bye bye. ♪ ♪
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neil: all right, to let you know right now, t j maxx plans to open up about 1,600 stores, plans to reopen very soon, that is part of a rollout you've seen a number of retailers doing this and i should also point out some other news, airport passenger traffic has climbed to a two-month high in the latest period just yesterday for example, 90,000 passed through american airports and that might not seem like much, but little more, 300,000 i should say, it was 90,000 at the height of the crisis, so 300,000 passing through the nations airports versus 90,000 at the height of the crisis, about five weeks ago so progress, bit by bit. all right, in the meantime, progress on the retail front, progress on the car sales front.
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by and large, it's very difficult to get a car walking into a dealership because the dealership is technically closed outside of the parts and service department, but you can still order cars online, vehicles online, but a lot of these provisions are slowly getting, a lot of the deals are quickly being realized grady trimbul falling all of that. hey, grady. reporter: neil yeah you don't want to take a plane you could get a new car this memorial day weekend, and there were already a lot of great deals that the automakers were offering, because they wanted to get people to buy cars during this shutdown and pandemic. you see here 0% financing and here are a couple of the cars that cars.com pointed out as pretty good deals this memorial day weekend. the jeep compass, the nissan mur ano and gmc acadia , all available with 0% financing. one thing to keep in mind if you are coming to the physical dealership this weekend is to keep your options open because inventory has been low, because the automakers were shut down for so long, down about 18% this
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april, compared to last april, so if you come in to the dealership with specifications exactly in mind, you might want to be a little more flexible because they might not have exactly what you're lacking for but you could get a better deal if you're willing to keep your options open. >> the vehicles aren't coming from the factory as quick. we're starting to replenish but the sales are high so we're selling more vehicles than we did last year, and the choosing, the sooner you can choose one, the chances are the more options you'll have that you're looking for. reporter: and of course, trucks are always big sellers. people want more space and they want to take road trips. discounts galore on trucks right now up to 17% for 2019 models, 13.5% for the newer 2020 models and one thing that dealerships are doing right now, neil is they're offering contact-free test drive so they will actually bring the car to you, they will
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clean it beforehand, and you never actually have to interact with a sales representative, and you can still test drive the car , something that is new and interesting that they're doing to boost sales this memorial day weekend by the way i don't know the deals of this wranglers, but pretty good if you're lacking to go for a drive with the top down in this summer weather and also pretty good if you have a lot of potholes like in new jersey you wouldn't feel it in one of these things, neil? neil: all right, great thank you very very much. grady trimbul, i was thinking he was doing that story imagine your worst nightmare be charlie gasparino coming into buy a vehicle from you because you're in for a long and a sorted process. charlie good to see you, what do you think of that car dealership that's going to happen my friend , right? charlie: you know i'm the worst car buyer. i don't drive big cars, i pay completely cash. if it's a dime over the amount
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of money i want to spend i will not spend it. for example, i drive a hyundai. neil: you're a nightmare. charlie: i'm just telling you. i don't care about cars. i care more about stories and we do have a good story here, exclusive story an update on the sec-do j investigation into the senators allegedly insider trading of stock by senator burr dianne feinstein the senator from california all interesting cases all different here is what we know as of now this is from sources close to the doj and sec probes and they are saying that the investigator s are given the highest priority, the number one operator right now, is to bu rr's trades and those trades are problematic on a number of levels we understand the sec and doj leaves including the fact that he traded, himself he didn't do it through outside advisors and also a notion he might have given it to a family member, given some information that he received from these
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confidential briefings on the buyers. so good news for kelly laughler and dianne feinstein and we understand, that laughler is taking a lot of heat and she as you know is the wife of the nyse chairman jeff sprecker, but if any of the stuff holds up on what she says that basically her trades were handled by outside advisors there is no case here, there's no case under existing insider trading laws there's almost no case under the stock act which had another level of scrutiny to congressman and congresswoman who traded on confidential information and that's part of the problem that burr has, he may be in violation of stock act , a couple of other things we should point out is that no case is going to be done for a while. this thing could last at least until the november elections, and that could be a problem if there's no major case against her she has to deal with the
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allegations through her election and that puts more pressure on her to dropout. as you know neil she said she's not dropping out and it's also interesting how they are dealing with the feinstein case. you don't hear much about it but one of the reasons why is people close to the investigation say she's being handled with what's known as kid gloves, that was the word i was using. they tried trading very very lightly on the allegations surrounding feinstein given her stature in the senate, so again, maybe not fair to put burr ahead of her but investigators feel they have a much tighter case against burr than anybody else and that's why he's top priority and nothings going to happen for a while. no notices is when the sec targets that they intend to bring charges against him, that hasn't been leveled yet. burr is going to argue what he received in those private briefings was kind of public and he traded off the public information about the spread of the virus we'll see if that holds up. one other point i want to make
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here, neil we got more daylight on a little more information on joe biden. he's now making the rounds been doing a little controversy today with comments he made about african americans but he's moving forward with picking his vp. here is what we know. he's vetted about, he started to vet about 12 people they had reach-outs to 12 people. its been described to me in the field is klobuchar, harris, and the field, meaning amy enclose, kamala harris, the top two and then you got somebody might come from that very wide field, it's about a dozen people , anybody from stacey abra ms to elizabeth warren to the nevada governor, cortez, it's a wide field, and might come in if joe biden feels comfortable and feels like they can be a part of the ticket but it's basically those two are, it's those two in the field, and the dynamic is this. biden's people, it will come
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down to who joe biden is comfortable with, mainly. they say klobuchar is very good legislatively, she's very active in the senate when she was there she's also helps with the midwest. harris will help with african americans and that's a huge voting block. back to you, neil. neil: all right, thank you my friend, charlie gasparino. charlie speaking we're getting word the white house is planning a press conference on the part of the president of the united states it might have something to do with the new cdc guidance on churches. the president has been saying that a lot of people should be free to worship and the numbers they want to worship whether that is going to be the sole subject of this presser coming up, we don't know but we know it's going to be a big focus. we'll have more after this.
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starting small can lead to something big. 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.
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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. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. neil: all right. out of the blue we got word from the white house in the briefing room that the president of the united states is going to have a press conference very soon. we understand this might be new guidelines coming from the cdc on churches. as you know, churches, synagogues, you name it, there have been no public services allowed. they are obviously trying to keep crowd controls in there. there are some states that limit it to ten people. that's not exactly even a quorum
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but the fact of the matter is this could increase that traffic. we don't know. it's up to governors, we understand. but if the cdc issues guidelines that it's okay, that might compel governors to respond and say all right, let's open this up to public worship, any denomination, anyplace. again, a lot easier said than done. there might be other subjects to come up including the president's promise to crack down on china, if it cracks down on hong kong. that should be coming up any minute. ahead of that, we are also following the great reopening going on in america including all 50 states right now, and in new york, where the latest word on hospitalizations is such that it looks pretty good for the 17-day run on the decline. a lot of good news out of the state. let's go to david lee miller who has been monitoring all of that. reporter: hey, neil. more parts of new york state poised to open next week. as for new york city, it will have to wait a little bit longer. governor andrew cuomo says long
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island and the area just north of new york city can restart as long as deaths continue to decline and enough contract tracers can be deployed. in anticipation of this partial reopening, construction sites can now be readied for work. cuomo told reporters that he as governor, has the sole authority to reopen areas of the state, including new york city. mayor bill deblasio, who has clashed with cuomo in the past, said today the city has met two of the three thresholds set by the city for reopening. deblasio says the rate of new hospital admissions for covid patients and people testing positive are now at acceptable levels for partial restart, but icu admissions were still too high, although moving in the right direction. he says the city is on target to begin getting back to business by next month. >> but it looks damn clear right now, it's the first or second week of june to go into phase one. again, that's manufacturing, construction, wholesale and
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retail only for curbside pickup. those are the big standards. reporter: the mayor warned that restaurants must remain closed this memorial day weekend except for takeout service, and at least one new york eatery is getting ready for the day when diners are finally allowed to return. the brooklyn chop house has installed partitions between the tables and is wrapping utensils and glasses in plastic. servers there will wear a stylish version of a face shield that will resemble a fishing cap. the restaurant's management says they don't want customers to feel like they are eating in a prison or in a hospital but adding they still have to take the necessary precautions. neil? neil: that does make sense. all right, my friend. david lee miller reporting on that. we told you earlier, we were monitoring this friction right now between ourselves and the chinese. now, a lot of this of course accelerated some weeks ago when we began to wonder about the truthfulness of the chinese
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concerning what it knew and when about the coronavirus. it has since escalated into a war of words that's more than words. china overnight indicating that it's going to be cracking down with a number of security measures and restrictions on hong kong and then the president of the united states responding don't even do it, we will respond. xi jinping, the leader of china responding you do that, we will respond to that. i think you know how this goes, that it gets the world on pins and needles. susan li on the market fallout on all that. susan: neil, with this new hong kong security bill, beijing is in many ways daring the u.s. and the trump administration to respond so yes, it is a u.s./china relationship problem and we are seeing this overhang in these chinese plays listed here in the u.s. talking about alibaba and baidu. we missouri the relationshknow n the u.s. and china deteriorated during this pandemic spread and it looks like the vibe continues to grow. when this bill does pass and it
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is expected to pass, china's rubber stamp parliament, it essentially allows china to pass laws that govern hong kong without hong kong's input whatsoever. also, in the future you will see chinese security forces on the streets of hong kong, something you haven't seen for over a century. this pretty much, some say, is a knockout punch for the pro-democracy movement in hong kong. you saw fisticuffs and flifts flyi fists flying in the legislature yesterday. now, as you mentioned, president trump has said that the u.s. will respond strongly if china moves on hong kong, a statement echoed last night by parts of his administration. listen. >> unfortunately, some 27 years early, the chinese communist party has decided that there's too much freedom in hong kong. they don't want to allow them to have their way of life or capitalist system. if china moves forward and takes strong action under this new
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national security law against the people of hong kong, america will respond. susan: hong kong was promised 50 years of autonomy in 1997 when the british handed back the colony and territory back to china. however, many people in the younger generation and amongst most of the hong kong people feel their freedoms are being eroded even faster than that timeline and many say that because of that infringement by beijing and this overstep and overreach by china, hong kong's shall we say leadership of free markets is fast disappearing and their leadership when it comes to being the financial capital in china and asia is also dissipating as well. you saw that last night with hong kong stocks, off some 5%, worst single day selloff in five years, nearly half a decade. some say that maybe it's time to move your money outside of hong kong. neil? neil: you can understand the anxiety. thank you, susan li, very very much on that. let's go to steve moore on this. steve moore, of course, former
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top economic adviser to the president of the united states. steve, leaving aside the military risks here if this escalates nointo a full-blown tension with hong kong, china and maybe us, the economic impact is undeniable, right? we have already been talking tough with china regarding the coronavirus and what it knew and when, with worry about the fallout on that trade deal, whether they would make good on it. apparently they have early on on some of the agricultural buys they have committed to. but i'm wondering where you see this going. >> you know, it's amazing, neil, that just two, three months ago, things looked so rosy for both the u.s. and china economy because we had finally negotiated the very good trade deal with the chinese and it seemed like the tensions between china and the united states were going to ease and we were going to see the two largest economies in the world getting along. and of course, that has totally deteriorated as a result of
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china's actions. it's so interesting looking at the polls right now in the united states. neil, there's only one issue in the entire country that liberals and conservatives, republicans and democrats agree on, which is that china is a big problem and the hostility towards china is evident in both parties right now among voters. so i do think there's going to be retaliatory measures not just hong kong but obviously president trump is very pro-taiwan and that's another hot spot in the world to be keeping an eye on. so yeah, this has been a rapid deterioration. i think -- i have been saying we have been in a cold war now for the last couple years with china and it's turning a little hotter now. neil: well, what the president does is talk about taking action if they were to crack down on hong kong, you've got to follow up with that. what would that be? >> first of all, how stupid would it be for china to crack
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down on hong kong, because if you see this exodus of capital that you were just talking about out of hong kong, who is the country that gets hurt the most by that? china. hong kong is sort of the financial center of china and they need hong kong to be prosperous. so they are really cutting their nose to spite the face here. neil: but a brilliant point, you know what worries me about it? i'm jumping on you, i apologize. the reason why is it does make zero sense for china to crack down, it needs hong kong, but you and i have always gone into this over the many many years that china at its core i think is still a military power more than an economic one. it defaults to that tough guy more than it does, you know, thinking with its head in the economic sense guy. i'm wondering if that's where china is headed now and that should worry us, that they have been ostracized in the world and
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now they are figuring the hell with it, we will just go back, default to the military power we want to be. >> you almost took the words right out of my mouth, neil. that's exactly what i was just about to say. exactly what you just pointed out. which is i was going to put it slightly differently which is these are communists. i call china the communist china right now because they have reverted back to those very militaristic and central planning, you know, controls on human rights which is the big issue right now in hong kong. so that's a big problem for china because i believe what you're going to see post-coronavirus is because of this hostility in the united states not just in the white house but around the country towards china, is china faces a real risk of being moved out of the global supply chain. we're already seeing major american companies saying maybe not china, maybe we will move our facilities to taiwan or
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maybe move them to vietnam or maybe move them to india or other countries in that region. you know, i'm very bearish on china right now because number one, i think they are going to face some real punitive measures from the united states and reparation requirements for the hundreds of billions, if not trillions of dollars of damage they have done with this germ warfare essentially, many peo e people, germ warfare in terms of what they have done to the american economy and at the same time, they are heaping more trouble on themselves by these actions that they are imposing on hong kong right now. so this is a very dicey situation right now. i'm very bearish on china but i'm actually, i think the place to invest in right now, are places like vietnam, like india, like taiwan that can be alternatives in supply chain to china. neil: very well put. by the way, you much more articulately and simply laid that out than i did in my
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question to you. thank you for that. we will see what happens. have a safe and healthy weekend. steve moore. fine thinker, fine writer. whatever you think of the politics of it, there's no denying he knows his stuff. we are waiting for the president of the united states. they are going to outline a lot of these policies on the cdc guidelines for opening up our nation's churches. ahead of that, the president had commented earlier about the potential of a spike in cases as the economy reopened. he indicated even if that were to happen and he expects some spike, he's not going to shut it down like we did at the start of all this. doctor, what do you think of that? the president, others have said this as well, it's unavoidable we will have some spike in the number of cases. we have seen them more broadly, seen them even in a number of individual states but as far as shutting down the economy, doing any of that, not going to happen.
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what do you think? >> i do think it's a biological fact we will get more cases as people interact with each other. that's just how the virus transmits. we have made a lot of progress since march in terms of diagnostic testing, contact tracing, hospital capacity, so when the spikes occur and there is one going on right now in montgomery, alabama, that we can be much more precision guided with recommendations and not have to go through an economic shutdown again. just be putting into place social distancing that's most impactful to decreasing the load in hospitals. that's hopefully the best way to go forward as we live in the era of a pandemic where we will see flareups until we have a vaccine. neil: in the meantime, the economy is, you know, reopening up in a fairly aggressive pace right now, all the major beaches in the northeast will in one way, shape or form be open. you know how that will go, the demand especially if it's very warm weather, people will flood those beaches, even though a lot of cases, they can't go in the water. how does that go? how do we police, you know,
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those who will not really be policing distancing rules and things like that? >> you really have to leave it t to a lot of individuals to take responsibility and some of the administrators of those beaches will have to enforce social distancing if there are high levels of crowds there because if you think about a really crowded beach, think about a health department having contact tracers, if there is major exposure at a beach that's crowded with thousands of people, that can overwhelm a health department's ability to contact trace. we are going to have to rely on individuals as well as some rules about how many people can be at a beach at a given time in order to make sure that we can take the number of cases that occur from these types of events and keep them at a low enough clip we don't inundate hospitals again. that will be a challenge. we will have to find a way to do this as we move forward in the next several months. neil: real quickly, we expect to hear from the president very soon. we think it's about new cdc guidelines on opening up places of worship, churches, mosques,
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synagogues, where invariably that will mean more crowds gathering at such facilities. how do you feel about that? what do you want the heo hear a that? >> we have seen transmission events that have been centered on churches and places of religious worship so there are special circumstances there, where people are singing, where there's a lot more interactivity that these are indoor, places where transmission might be heightened. you want to see guidance about how to social distance there. do we need the modify the singing, change the way certain ceremonies go on inside a church, can we move some of it outdoors. all of that, you want to have as part of the guidance because people will want to do this and they need to know how to do it in the safest manner possible because it could really be a focus for transmission as it has been in other outbreaks. neil: doctor, thank you very much. i always learn a lot talking to you. i appreciate that. to his point, we are waiting to hear the specifics of that and exactly how they roll out attendance in places of worship in this country, whether they
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limit a number, whether they spread it out, whether they leave it up to different parishes, synagogues, mosques to decide for em ththemselves how police that. it gets very very thorny when you have government entities walking in such religious institutions to check for themselves. how they sort all of that out, we will know. stay with us. massmutual healthbridge is a free life insurance program just for healthcare workers fighting covid-19. learn more at massmutual.com/healthbridge ♪ why accept it frompt an incompyour allergy pills?e else. learn more at massmutual.com/healthbridge flonase sensimist. nothing stronger. nothing gentler. nothing lasts longer. flonase sensimist. 24 hour non-drowsy allergy relief
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neil: traditionally memorial weekend is when everyone hits the road. we have no really firm figures on how many will hit the road, especially if sheltering is still technically in effect in so many states, particularly the big crowded ones along the northeast. we are joined now by a consumer travel expert. we do know that a number of people are gobbling up fast available domestic rentals and vacation homes and the like, at least in the continental united states. we do know their plans are to get out. i'm wondering if it starts as soon as this weekend. what are you hearing? >> yeah. memorial day weekend actually looks a little bit different this year than in years past. back in march, when stay-at-home orders were put in place, we did see travel take a pretty huge dip, unlike anything we have seen before. but to your point, we are
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starting to see a slow uptick in interest in travel. it seems that the beginning of april and may have been a low point as we look to, you know, demand for destinations for people passing through tsa security checkpoints, all that seems to be indicating we are starting to move a little bit upward. memorial day weekend definitely does seem to be the beginning of that trend. but we certainly are seeing americans look ahead to summer as a whole as we are starting to rethink about travel again. neil: you know, one of the things i heard, you know far more about this than i do, a number of vacation travel sites have, over just the last few weeks, been booking places on behalf of customers like crazy, maybe fully anticipating this slow unwinding, as america opens up, all of these places are
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booked solid. what's going on? >> i think what we are seeing is just a lot of pent-up demand. before stay-at-home restrictions were starting to lift, people were taking this very seriously and i think they continue to take this seriously so as states are allowing a little more movement, i think people are seeing that as their kind of green light for starting to think about, you know, getting outside of their homes again. one of the key trends that we are seeing is that people are starting to book, you know, vacations a little bit closer to home this summer. typically we would see people take those longer haul trips, usually to europe or asia, but most of the search demand we are seeing right now is for places in the united states. mostly warm weather destinations like florida, california, hawaii, and then if people are venturing further out, it's still a little closer to home like puerto rico and the dominican republic. so i think that's really more of a factor of pent-up demand and
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we will probably see that for the rest of the summer. neil: yeah. that's just a coil unwound here. people definitely want to get out. liana, thank you very much. that's a sign americans are prepared to bolt and have some fun. it's a matter of where they are going to do it. that wasn't a typo. there are no ways to predict how many americans will hit the road this weekend. this is the first time in about 28 years they have not been able to provide an estimate of that. that's that. in the meantime, looking at the white house, waiting for the president of the united states, press conference is planned, apparently on the cdc guidelines for opening up religious places of worship of all denominations. how many could and should go, who polices that and how it sorts out, after this.
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neil: all right. a lot of us have been working from home and apparently, a good many of us have been working extra hard from home, and it's taking a toll on folks. jackie deangelis has been monitoring that. jackie? jackie: neil, that's right. look, at one point, many people would have said working from home would be a dream come true, right? now that it's actually happened and they have been forced to do it, they are saying the grass is not necessarily as green on the other side. according to recent studies, 41% of people say they feel burned out. 45% say they feel emotionally drained. 44% say when the day is over, they just feel used up. more people are saying that more is actually expected from them, from their colleagues with respect to their jobs, like suggestions of doing zoom meetings in the evening or on the weekends. it's like being home means that you're constantly on call or that there's no set schedule.
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dr. lori watley, a clinical psychologist, actually has a suggestion for this. here's what she said. >> get up in the morning, and get dressed as if you're going to work. make a list of the tasks you want to complete and complete them. that gives us a dopamine boost which is a very subtle mood enhancer. jackie: set a schedule. a lot of my friends who are at home with their children have said with kids not going to school and also not going to camp, for example, this summer, it means you are doing the work, you are doing the home schooling, you are the entertainer, you are the housekeeper, you are preparing the meals and you are all trying to do all those things while you're on that zoom call that they want at work. now, some companies are taking this into account and giving everyone a day off today, ahead of the holiday weekend. you can see them there. google, cisco, citi are some of the ones saying take a day, an
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practice day f extra day for a breather and a rest. some tech companies say working from home for us is working really well and working for our employees, too. twitter said they will make some of that permanent forever. facebook is looking into some permanent shifts as well to incorporate remote work. but one of the questions that people have is working from home mean you should get paid less? some silicon valley companies are saying look, we don't need to pay you a silicon valley salary if that's not where you live, if you live in another state. there's some hitches to this as we move forward and definitely, if you see these changes take place, people will start to feel it in other ways even as the virus is less and less of an issue. neil: you are young and hip and all that stuff. who thinks -- it looks like people are making hostage tapes and all this and they got 50 different boxes going. even with family members -- jackie: it's a little silly.
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people are doing zoom happy hours. not something i have done. i will just say that. neil: i don't know. i don't know. talk on the phone maybe, but the whole zoom thing, let's all gather around, stop it. jackie: have a good weekend. neil: thank you very much. poor jackie saying is this hit over? it just drives me nuts. people feel let's all get together and talk about work and the family and all this, crowd like 58 people into 58 boxes. i don't know. all right. enough of me talking about me and not liking talking to other people to me. janice is a very common sense, very big people person. she doesn't need any advice on this subject. but i am noticing whether you are a big fan of, you know, these various technologies services, lot of people communicating, they do need stimulus right now, they need more stimulus, businesses, a lot
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of families, the talk about upping that now significantly beyond what's already been allocated. what are you hearing? >> well, hey, neil, it's great to be back with you. here's the thing. midsized companies are what i'm focusing on right now. my company happens to be one and many of my friends and communities are benefiting from them. you know that [ inaudible ] 30 million jobs yet nobody is paying attention to them. now, the federal reserve has extended low cost lending programs to our market and that means businesses with 15,000 employees or up to $5 billion in annual revenue can be eligible for this main street lending program. the thing that has to happen, though, is the federal reserve is going to ensure the term sheets are favorable to midmarket companies and the implementation goes smoothly. i'm asking you to start asking the senators who serve on the u.s. senate banking committee
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what they are doing in anticipation for this, because it's two days away from us and even if your viewers can send one e-mail or one call to ask about it. why would they want to? you do understand the supply chain has been a big impact, or lack thereof, to how we are addressing covid. we don't want to just be responsive. we want to be proactive. many of these midmarket companies are the supply chain. if you will, look at what the middle income earner is to the community. that's what midsized companies are to this economy. so we can't continue to print money. we've got to figure out how to help these companies. our first response to covid was to help all of the small companies, all of the low earners, and a lot of the more too big to fail size companies, but midmarket companies have continued to plod along,
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creating over ten trillion in revenue for us. so if we're not going to print money, we've got to figure out how to have a solution and i have solutions. one, i think that in addition to assuring that this new main street lending program goes well, i've got to look out for all these midsized companies, including women-owned businesses, there are women-owned businesses like mine who are midsized companies, that we look at how we are addressing ppe. many of the folks who are members of the ceo connection which is doing an incredible job of not only defining midmarket solutions but also working with midmarket companies in a responsible way, and then there's pam easton who is helping women-owned companies, are seeing this same conversation. the burden of ppe [ inaudible ] for creative work space. we want our employees back and
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many of them want to come back and let's be honest. with midsized companies providing so much of the local economy for small community and larger communities, many of those jobs especially in manufacturing are at work jobs. they have to be done at the facility. so the legal implications of whether or not an employee catches covid at work or elsewhere is weighing heavily on these midsized companies because they are employing oftentimes many of the members of a community. they want these workers safe. we have seen what happened in new york but they also don't want to have to have the decision influenced by whether or not they can provide health care or proper ppe to employees. so they need to lean in and offer some of this buying power to these midsized companies so we all aren't out here scrambling to get ppe and be more definitive around what are
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the legal implications for bringing workers back. the last thing that -- neil: all right. janice, i don't mean to jump on you. we don't have any more time. you were terrific. i had five other questions to ask you and you answered them in your answer. so thank you very very much. keep at it, all right? keep at it. there you go. you speak passionately. we do forget midsized companies. more after this. let's be honest. quitting smoking is hard. like, quitting every monday hard. quitting feels so big. so try making it smaller, and you'll be surprised at how easily starting small can lead to something big. start stopping with nicorette.
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neil: it's all about being safe when you get back to work. it works the same for hollywood right now which may begin use germ-zapping robots. the man behind it is the fed ex ceo. how do these work? >> what you will see behind me just on my left, your viewers' right, we make a robot and it has a xenon light bulb inside with a special mixture of gas.
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when you pulse that light with high power, it puts out broad spectrum, high intensity uv light that destroys the pathogens in the environment. when the pathogens aren't in the environment, people end up not getting sick. you will see the head rising up right now and it will begin pulsing with high intensity in just a second. neil: what is it doing? can it move? how does it work and how long is it on? >> great. so we have done trials and this was proven to kill sars cov2. that was done at the texas biomedical institute. you can see light flashing behind me. you will run it on each side of a bed for two minutes. that's going to kill bacteria and viruses. you might have recently seen news about the mta wanting to test things.
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this is proven in over 500 hospitals, actually closer to -- many more than that, around the world to kill not only sars-cov2 but also the mega-infections and super bugs that have typically infected patients everywhere. neil: so i was trying to count how long that was going and it seemed like about 30 seconds. is that what it does? >> yeah. that was 30 seconds. i cut it off just because otherwise, the strobing effect can be a little annoying. but yeah, no, that -- neil: is there any harm with this stuff? if you have that, is there any harm to people around it? leaving aside that it's a little jarring, i understand what it's for. >> no. usually it's -- it's been run 22.9 million times. a room somewhere in the united states and the rest of the world is disinfected by one of our robots every 4.6 seconds. standard of care at mayo clinic,
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stanford, md anderson. really the top hospitals use this. this is how they brought down their infection rates. neil: amazing. once you disinfect a room, using this technology, how long is that room considered disinfected? >> so basically, you disinfect a room and unless somebody else comes in that has one of these killer pathogens, whether it's covid-19, sars-cov2, as long as the room doesn't get reinfected it's good to go. think about an individual going into the room, you don't infect yourself. if you have a cold, you aren't going to make yourself have that cold again, typically. therefore, that room is safe for the next person that enters it until they leave the room. basically, you are disinfecting the room every time that room turns over. so when you think about like subways, what we proposed to the mta is at the end of the line, let's roll these robots on to
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the trains and basically, in four minutes we can completely disinfect the train, the train goes back down the track at the other direction, and we do it at the other end of line. you do it 12, 15, 20 times a day. neil: you know what would be cool about this, if people had no idea it was coming. like they come to your workplace and all of a sudden, you say i'll be right back and have that thing going. fascinating technology. thank you very very much. i imagine it's a prsurprise element for some people. neat technology. it might be doing the job if your workplace has it or will. obviously things like this are popping up every 4.6 seconds, lot of people have them. a lot of people are heading back to the beaches this weekend. we've got kristina partsinevelos with more on that. kristina? kristina: it's supposed to be the busiest time of year but there's a lot of tough restrictions for memorial day weekend. i'm kristina partsinevelos in rye, new york. coming up after the break, we
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look at how tourism is hurting, the lack of tourism, i should say, is hurting local businesses. that's next. 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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a free decision guide will provide a breakdown of aarp medicare supplement plans, and help you determine the plan that works best for your needs and budget. call today to request yours. let's recap. there are 3 key things you should keep in mind. one: if you're turning 65, you may be eligible for medicare - 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. -- thank dr. redfield -- neil: want to take you to the white house. very soon the president will announce what he plans to do
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with the new cdc guidelines on church reopenings. >> -- seems like a long period of time. today, i'm identifying houses of worship, churches, synagogue and mosques, as essential places that provide essential services. some governors have deemed the liquor stores and abortion clinic as essential but left out churches and other houses of worship. it's not right. so i'm correcting this injustice and calling houses of worship essential. i call upon governors to allow our churches and places of worship to open right now. if there's any question, they're going to have to call me but they're not going to be successful in that call. these are places that hold our society together and keep our people united. the people are demanding to go
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to church and synagogue, go to their mosque. many millions of americans embrace worship as an essential part of life. the ministers, pastors, rabbis, imams and other faith leaders will ensure their congregations are safe as they gather and pray. i know them well. they love their congregations. they love their people. they don't want anything bad to happen to them or to anybody else. the governors need to do the right thing and allow these very important essential places of faith to open right now, for this weekend. if they don't do it, i will override the governors. in america, we need more prayer, not less. thank you very much. thank you.
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>> all right, everyone. it's a pleasure to join you today. that was a great announcement from president trump. i would like to introduce dr. birx right now. she has a wonderful presentation pursuant to reopening america, some great data to share with you. i will let her kick this off. >> thank you, kayleigh. if we can have the first slide, please. i want to just start out with a summary of the number of americans we have lost to date, but the exciting thing for all of us is the decreasing mortality over time and it bodes as a real aspect of the amazing health care workers on the front line, the ability of people to share at the front line how best to care for the patients and the continuous decrease in mortality over time. next slide. the other thing that has decreased significantly over the last month is new hospitalizations. we can see now that there's over
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a 50% decline in new hospitalizations, although every region of the country is different. we are encouraged to see these new hospitalizations declining. next slide. i talked before about the extensive surveillance that cdc has made available to this country. this is looking at their syndromic surveillance from emergency rooms. you can see that those covid-like illnesses shown in orange and shown in blue, influenza-like illness taking up both of those cases together, you can see significant declines week over week. a number of people coming to the emergency room with these illnesses. it goes along with our new hospitalizations. what we like to do is triangulate data, put data together from multiple sources to see if we are seeing the same trends so that we can ensure that we are making progress together. next slide. this is their influenza-like illness surveillance system that has been up and running for more than a decade now.
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you can see each of the influenza peaks of the last year. i think that's very important to remind people of, because we had influenza a, influenza b, then covid-like illness and now we know it's covid. that's the last orange peak. what we really find encouraging is across the country, we are below baseline. why is that particularly important. these are reported state by state, county by county. so each county will be able to see precisely where they are and then if there's changes in this, it becomes yet again an early alert system. so i showed you two early alert systems. one of them, emergency room visits based on our syndromic illness qualifications that the cdc has up on their website, and then the influenza-like illness. again, to the american people, all of these are available on the cdc website, under covid-19 cases and surveillance. next slide. now, want to show you, i'm going to go through these very quickly. this is where we started.
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this is influenza-like illness. the red and the darker the red, the more significant the influenza-like illness is in that state. so you want to get to green. so this is the week ending march 28th. i think many of us can remember what that week was, and this was when we were at the very beginning of our acceleration into logo rhythmic phase. you are starting to see some of the states already turn green. next slide. april 11th, more of the country. next slide. april 18th, next slide, april 25th. next slide. may 2nd. you can see, i really call your attention to there's an orange area on this slide. you can see that it's the maryland area. we have been calling that out for awhile, the high plateau in maryland. you can also see minnesota and wisconsin.
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next slide. then you can see wisconsin still, you can see maryland is yellow. next slide. i want to turn just a moment, i know that took you through a lot of slides quickly, but i think we can see as a country, we have decreasing amounts of illness, both in the emergency room and reported through the influenza-like illness. two of the surveillance systems the cdc has up and running. these come from the states, they come from the counties and many of the states have these also on their websites. we talked earlier about how we had prioritized testings to the area that had the most significant disease. you can see now rhode island has led all of the states, it's almost up to testing 12% of all of their citizens. it's followed by new york. you can't see new york but that's the very next one. new york, then north dakota. so you can see that -- well, you could. yeah, you can see that most of the high burden areas of the
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united states had more than 6% testing. that's when i think you heard from admiral giroir we wanted every state to test at least 2% of their population during may. you can see 100% of the states now are over 2% of their population and we will fix the slide so you can see every state, but many of the states now are over 4%. this is just after getting all the material to ensure that they have adequate transport media and swabs. we are encouraged by the progress that many of the governors and states have made in their testing of their population. it is also why we took the opportunity to really encourage governors and it was to encourage governors to test 100% of the nursing home residents and staff, because many of our outbreaks that we have seen over the last two months have started in nursing homes. next slide. now, this is a complicated slide. but this is trying to show you how we triangulate data. i took you through our surveillance systems. i have taken you now into the
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start of how we use laboratory data to really understand what's happening both in the metros and at the state level. this is every single state and you can see the triangles, the top part that you can see, the little triangly pieces of the diamond, that is where the states were and the number of positive tests, this is the nucleic acid test. this is diagnosing virus in your nose. you can see where it was 30 days ago and where it is now by the red squares. you can see a dramatic decline across the states and indeed, new york city just six weeks ago was almost 40%. it is now for the first time as a new york state under 10%. so this is the progress that we're making in both expanding testing, finding more people, but ensuring that we are getting testing rates at about 10%. this line is 10%.
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so 42 now again i'm going to call your attention to the top three states. the top three states with the largest percent and this is so you can make your decisions about going outside and social distancing, potentially playing golf, if you're very careful and you don't touch the flags and all those issues, playing tennis with marked balls with just one other person, so you're only touching your ball. we found really people who enjoy sports have been able to really adjust to social distancing, but you can see the top three states are maryland, the district, and virginia. so there is still significant virus circulating here. that is followed by nebraska, illinois, because of chicago, and what we talked about before about minnesota. so those are our top states as
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far as still having high number of test positives. when i say high number of test positives, they are all under 20%. if i had shown you this slide four weeks ago, half of the country would have been over 20%. so this also shows progress, but also very clearly about the region we're living in right now, with disease. next slide? i wanted you to see this as a metro because that's at a state level. we look at this in multiple different ways. the number one metro with the highest positivity rate is the district of columbia, which includes northern virginia and maryland, montgomery county and pg county. that is followed by baltimore, chicago and minneapolis. neil: we will continue to follow dr. birx but the real headline here is the president of the united states indicating he wants all places of worship to
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be deemed essential services and that they can open and have services as soon as this weekend. governors might disagree with him. the president said he will override them. and now the question is, can he do that? can they do that? to charles payne. charles? charles: neil, thank you very much, my friend. good afternoon, everyone. i'm charles payne. this is "making money". breaking right now, president trump vowing to open churches across this country, this weekend, and he said he would override governors, if he had to. plus after a strong start to the week, the markets continue to consolidate gains, this of course ahead of a three-day weekend, a week that rode the wave of changes on a vaccine front and incremental signs of economic recovery. how should your portfolio be positioned? also joe biden, well he says americans don't care about the stock market, and he has some completely offensive comments about black voters. i will give joe biden my response later in the show. and admit it, folks, you thought working f

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