kevin hassett joins us from the white house this morning.rning. >> thanks, george. >> let's talk about where the economy is right now, taking such a deep hit. more than 26 million americans filing for jobless claims. the president this week was talking about a possible v-shaped recovery, short, sharp recovery, as early as this summer. is that what you're seeing right now? >> i think a lot of it's going to depend on what happens next. what we've done with the previous legislation is that we've built a bridge to sort of hopefully the other side of the disease but then we have to make sure that we have what it takes to prosper. i think senator klobuchar who's coming on i guess after me, she's got ideas about what should happen and republicans have ideas and i'm sure that over the next three or four weeks everybody's going to pull together and come up with a plan to give us the best chance possible for a v-shaped recovery. make no mistake, it's a really grave situation, george. this is the biggest negative shock that our economy, i think, has ev

of course, looking at the same data kevin hassett is looking at but putting on a show of force. he has been the face of a lot of these relief efforts and the fact he's been the bridge between the white house and commerce in getting the stimulus money into the economy, so he's going to be a little bit more positive, and he rarely veers from the president's talking point. here's what he said about the outlook going forward for the economy. >> i think as we begin to reopen the economy in may and june you are going to see the economy really bounce back in july, august, september. and what, we are putting it an unprecedented amount of fiscal relief into the economy. you're seeing trillions of dollars that's making its way into the economy and i think this is going to have a significant impact. >> reporter: so he's really betting on the $3 trillion in stimulus making a difference, but end of the day it's going to be up to the consumer where do they feel more comfortable or comfortable going into a restaurant or movie theater even if states decide to reopen those in the various regions

was no task force briefing on saturday but reporters did hear from white house senior advisor kevin hassett, who stopped for a few minutes to take questions on the impact of the coronavirus on the economy. he said unemployment numbers

gene, do you agree with kevin hassett's assessment? >> you know, i couldn't be more sober myself.nd i think miguel had it exactly right. we debate all the time as a government official, going to say whether it's open or not open. whether it's open is going to matter, do individual people trust that it is safe to go back? there is no solution without a health solution, without massive testing or treatment or a vaccine. and an economic solution has to take that into account, because if you were to reopen too quickly, if people were to see it spike, then people would become even more risk-adverse. there's the fool me once, you know, shame on you, fool me twice, shame on me. people might stay back, stay away even longer. secondly, we have to realize, wolf, this is going to be long. you know, secretary of treasury mnuchin talked about there getting growth in the third quarter. that's a little bit like saying that your basketball team went down by 40 points in the second quarter, and you're going to come up five or six points in the third quarter. i mean, yeah, you might be trending up

white house senior advisor, kevin hassett, joins me now.to have you on the program. >> thank you, great to be here. >> harris: i want to start with steve mnuchin seeing a v, that's what they call that. and you see more of a u, which has a wider bottom, obviously. why the difference? >> i'm not sure that's an accurate characterization. he thinks the economy will be picking up again in the third quarter, and i think that's true, as well. the thing that i am focused on, and steve is focused on -- again, we speak almost every day -- is the fact we will probably need another phase of stimulus of some form, and we've built a bridge to the other side of this crisis, we believe. it looks like we're getting close to opening up in many places around the country. but now we have to think about what it's going to take to make sure that we go back to thriving and having the amazing economy of the president's policies built back in january. what do we have to do to get back there? stephen is very optimistic we are going to be able to pass a great bill, a

kevin hassett is looking at the numbers and is absolutely right. we are already in depression-level conditions in the united states. we've had 26.5 million people lose their jobs in just five weeks. during the entire great recession, it was 8 or 9 million jobs lost, and that took months. you'll see a gdp number in the second quarter that's going to be devastating. not like anything in modern times you've seen. it's going to be depression level. the difference is, this isn't the depression. we have a safety net and we have congress that has spent all of this money and maybe is in the beginning innings of spending that money to try to cushion the blow, put the foam on the runway, as one of the metaphors from the great recession, so that we can cushion the blow and get back to work eventually. we are doing this on purpose and we have all of this money at our finger tritips to try to fix it. here's the problem. the money isn't getting there quickly enough. you have small businesses that are six weeks into this and really having trouble. you have jobles

visit ncicap.org] announcer 1: next white house senior adviser kevin hassett talks to reporters about the impact of run a virus on the economy -- coronavirus on the economy. he said unemployment numbers could reach 16% nationally and the president would be considering future aid in a relief bill. answer some questions? kevin: i feel sorry for you guys working on a saturday. up? at is >> [indiscernible] get the economy back up and ofning -- are you supporting the governor of georgia? pres. trump: i am supportive of the view each state needs to make the call itself. social distancing incidents like nebraska, a lot of the economy is at a place it is easy to social distance but in new york city it is hard. there is a new study that shows the disease path in new york follows subway routes. i think it is a local decision when you can open up because social distancing that will keep you safe is possible. one of the things we have seen in the data is there are a lot of counties in the country where they have essential workers so the percentage is pretty high. people that have continued to go

kevin hassett this morning talking about second quarter unenemployment, anywhere from 16 to 20%. the economic news even though lagging as an indicator are. how interested are you that from perspective the market? >> from the market point of view, the market seems to have taken the bad economic fundamentals in stride. very clear march was a shutdown for the last three weeks for the country. that is not a surprise. gdp is backyard looking number by the time it comes out. the interesting quarter, the second quarter, the month of june, what happens in the beginning of the third quarter, to give us a sense what is happening with the fundamentals of the economy. cheryl: we're looking for guidance of companies reporting earnings. i'm not sure we get any from the big tech names. we hoping for something as some of these companies have suspended guidance for 2020. alicia levin, thanks very much for the perspective. obviously market as big story for us today. also what's happening in washington. president trump talking about federal aid for states hard hit by the virus saying he might be ta

was no task force briefing on saturday but reporters did hear from white house senior advisor kevin hassett, who stopped for a few minutes to take questions on the impact of the coronavirus on the economy. insaid unemployment numbers the u.s. could reach 16% nationally and and the paycheck protection program had been helping to lunt those claims. >>[inaudible] >> i'm supportive of the view that each state needs to make the call themselves. the -- a lot of places it is easy to social distance and new york city it is really hard to social distance. the path in new york city very routes.lowed subway one of the things a we have seen in the data that we have been analyzing is that there are a lot of counties in the country where they have a lot of essential workers so the percentage over the worse force is pretty high of people who continue to go to work and at the beginning of this crisis, the disease spread more rapidly where people were still going to work. you can see a high correlation with the opening up and spread of the disease. now that correlation has diminished quite a bit. people hav

while seener white house adviser kevin hassett delivered a very dire warning. >> make no mistake. it's a really grave situation. george, this is the biggest negative shock our economy has ever seen. we'll look at unemployment rate approaching rates we saw during the great depression. >> hassett noting that the u.s. lost just under 9 million jobs duringal 2008 financial crisis and nearly 27 million already lost their jobs as a result of the strain of the coronavirus and the strain its placed on the national economy over the last five weeks. now as states across the nation push to reopen their economies to get people back to work, the governor of colorado is worried about a second wave. the united states approaches nearly 1 million cases. we have more on this. how surprising was it to hear a white house official paint such a grim picture of the economy in contrast with the treasury secretary? >> reporter: well, it was surprising, because what the president has been doing in his daily briefings is painting a very rosy picture, telling the american people the economy will experience w

but reporters did hear from white house senior advisor kevin hassett, who stopped for a few minutes to take questions on the impact of the coronavirus on the economy. mr. hassett said, that unappointed numbers in the u.s. .ould reach as high as 16% but the paycheck protection program had been helping to blunt those claims. >> some questions? >> i would be happy to. a saturday.ing on i'm happy to help. what is? in order to get the economy back up and running, are you supportive of reopening? states? >> i'm supportive of the few that each state needs to make the call itself. if you look at things like social distancing. in some states like nebraska, a lot of the economy is in a place that it is easy to social distance. in new york city it is really, but hard to social distance. there's a new study out chose the disease path in the ark city follows subway routes. decision.a local when you can open up. because social distancing that will keep you safe is possible. one thing we have seen and the data we have been analyzing, is there a lot of counties in the country where they have a lot of

eastern is when we will speak to kevin hassett, who's back. he was gone and now back an economic adviser at the white house. >>> on this week's agenda we have the busiest week for corporate results. more importantly, guidance on what's going to be coming next 142 of the s&p 500 companies will open up their books this week we'll be hearing from 12 dow components, including caterpillar, 3m, microsoft, apple and boeing again, joe, it's really not what we're hearing about the current quarter but what they see, what they're anticipating and happening in this month of april as well. >> life and corporate maneuvering goes on. speaking of boeing, becky, i love those embeaer jets, i fly them all the time on the short flights we see that was a key part of boeing's strategy we'll see. in addition to the first quarter results, boeing will also hold its annual meeting and face the application deadline for a multibillion dollar aid package from the federal government. what i'm talking about today, the company is being accused by brazil's embraer of terminat

expressed optimism about an economic bounce back starting in july white house economic adviser kevin hassett however said to expect some shots on the immediate horizon i think that the next couple of months are going to look you're good to see numbers that are as bad as anything that we've ever seen in washington, i'm karin caifa. >>mayor london breed said it is likely the bay area's shelter-in-place order will be extended beyond the current date of may 3rd and health experts say now is not the time to ease up on restrictions we spoke to him epidemiology professor, ucsf today to get his take. >>this is not the time to to start to waver in our commitment to shelter in place in and protect the elderly and people other people with underlying conditions is a very serious disease. and we're you know we're not at the end of at the end of at the end of this first step for step period ups of a disease transmission yet you hope will be there soon. but it's you know we're not there yet. >>and it was nice out this weekend. these are pictures shared on the san francisco. police department's twitter page

that was kevin hassett we heard from.chin has a different take. >> i think as we begin to reopen the economy in may and june, you'll see the economy really bounce back in july, august, september. >> so romans, which is it? the hassett or the mnuchin version? >> woe don't know what's going to happen in the future. we know what's happening right now. kevin hassett is right. these are depression level numbers here that you're talking about. you had 26 million people lose their jobs over the past six weeks. during the great recession it was 8 or 9 million. that took months to achieve. you look at what happens with gd gdp. it's going to crater. it was down 27%. you could see that happen. 20 or 30% are some of the numbers you're hearing. in the right now, that grim assessment gave me the chills, but i'm not surprised. these are the numbers that we've all been talking about for weeks now. >> i don't know if there's anything political about it, julia, to admit that things are awful right now. because the economy was shut down. >>

. >> the president's economic advisor kevin hassett said right now we're looking at depression era numbers. we are looking at numbers we have never seen in modern history. 26.5 million people lost their jobs in five weeks. during the great depression, it was 8.7 million people. we have a safety net. what the treasury secretary is being optimistic about is we have a safety net. there are small business loans, unemployment benefits and extended unemployment benefits, this will turn around with a v-shaped recovery when the economy reopens. on the one hand you have kevin hassett being absolutely grim, rightfully so, about what we're going through now. you have the treasury secretary painting a more hopeful picture of a v-shaped recovery. >> what is key for you as we look ahead next week? are folks getting their loans? each same has different processes and there's still a lot of log jam. >> reporter: and anxiety. robyn, when you look at other countries in the world, u.k., some countries in europe, canada, they have just stepped in. the government has just stepped in and paid a big portion of th

but white house senior advisor kevin hassett warns that the u.s.still in the middle of a "really grave situation." watch. >> if you take what happened at the end of the first quarter, we are getting that first quarter gdp number this week. it's pretty likely that a negative number. for second quarter gdp, it's going to be the biggest negative number we've seen since the great depression. >> melissa: kennedy, that is terrifying. it struck me over the weekend, as you go through this, i think families are going to realize that maybe not everyone was touched by the virus. nobody in your family got it, or in some cases you don't even know anyone who got it, but i wy household will be touched by the economic impact. if you were lucky enough to still get a paycheck for all of this, you probably have a 529 for a kids or a retirement account that's been decimated, or you own a home that has lost value. or, you're in the other group where you've lost your source of income or your job. the economic effects of this are going to be enormous. what are your thoug

what you heard there from kevin hassett was sober and absolutely right. we are in the midst of depression-level economic numbers. there's no question about it. 26.5 million people out of a job in five weeks. all of the job losses of the great recession, less than 9 million, took months to accumulate. so we have seen a shock to the system unlike anything we've ever seen before and how these states and what happens next is truly a mystery, quite frankly, because we've never done this. >> so true. people really want to know what the truth is. what really will happen. they don't need to be given any false hope on this. they've had enough of that. i want to ask you, too, the small business bailout officially reopens today. many want to know will most smaller businesses really get the help they need this time around? they really got diddle the day before, didn't they? >> in six hours this will open again. the treasury and the sba are telling banks if they already have loan applications in the cue, go ahead and process those. there's been 60 billion, rosemary, t

white house economic adviser kevin hassett expects the u.s. will see unemployment rate comparable to the great depression. we'll speak to white house trade adviser peter navarro, next. to bank safely from home. deposit a check with your phone or tablet. check balances, pay bills, transfer money and more. send money to people you know and trust with zelle. stay safe. stay home. together, we'll get through this. pnc bank ♪[ siren ] & doug give me your hand! i can save you... lots of money with liberty mutual! we customize your car insurance so you only pay for what you need! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. >>> this is the biggest negative

kevin hassett joins me next.part of president trump's coronavirus economic task force. n us, you're much tougher your heart, courage and commitment has always inspired us and now it's no different so, we're here with financial strength, stability and experience you can depend on and the online tools you need because you have always set the highest standard and reaching that standard is what we're made for ♪ >>> the effect of the coronavirus on the economy has been massive. much of the global economy has come to a complete halt. millions of people are filing for unemployment benefits and lining up for food banks. this year alone, including the period before the pandemic this year, 28.9 million people have filed for unemployment insurance, eclipsing the full-year totals of every year on record except 1982 and 2009. we're not even in may yet. the number is so astounding that the director of economic research from indeed, an employment search engine, told "the washington post" the numbers are so large and covers such

. >> ed: there was a lot of news out of our interview with kevin hassett. i saw the wires crossing operators and others. these are big numbers, a lot happening at the white house. >> sandra: thanks for joining us, everybody. "outnumbered" starts right now. >> harris: we begin without fox news alert. because we are awaiting remarks from president trump, we know that he has just wrapped a meeting with new jersey governor phil murphy in the oval office. we'll get that live video out for you and bring it to you at any moment. all of this, as the white house white house's social distancing guidelines are set to expire today. president trump has also signaled there are no plans to extend them. >> president trump: i think they'll be fading out, because now the governors are doing it. i've had many calls from governors, the governor of texas, greg abbott, many governors. tennessee, arkansas. we are speaking to a lot of different people. they are explaining what they are doing. i am very much in favor of what they're doing. they're getting it going. we are opening o

joining us now is white house economic advisor kevin hassett.ck to the program, always good to have you. so first off, we can look at the recovery in a second. but as far as the economic damage that we have seen to this country, is the worst behind us? >> i think what's going to have been least because the data came out in the rearview mirror, we will be looking at more bad news before things start to turn. you mention the initial claims data that came out today, it accumulated to 30 million unemployed folks. what will happen is that data will get turned into the jobs report and that jobs report will show an unemployment rate that will be something like 19%. that will be the biggest unemployment rate we have had since the second world war. so because we have turned the economy off, there will be this second quarter especially where we see unprecedented negative news. and that will be that we passed 2.6 trillion in stimulus which is meant to build to that. that gives us really, really crazy numbers and then we could turn it right back on. the ppp

. >>> on sunday white house economic adviser kevin hassett told abc's "this week" that the u.s. unemployment rate could reach levels seen during the great depression. >>> president trump is denying reports that he intends to remove alex azar as secretary of health and human services. abc's ines de la cuetara is in washington with more on that. good morning, ines. >> reporter: mona, multiple sources tell abc news the president has grown increasingly frustrated with azar, adding his removal could be just weeks away. sources say frustrations came to a head over azar's handling of the removal of dr. rick wright who oversaw vaccines to combat coronavirus. politico first reported that the white house was planning to replace azar. in one of nearly 40 tweets or retweets the president sent on sunday alone, he called the reports fake news and said alex is doing an excellent job. the tweets came in place of a white house briefing sunday. according to "the washington post," president trump has spoken for 13 hours at coronavirus press conferences over the past three weeks, and during that ti

with millions filing unemployment claims, white house economic adviser kevin hassett projected the jobless rate could hilt 16%. >> have a very bad unemployment report the first week of next month, but then, another bad one the month after that. >> reporter: hassett told me the president is very concerned when i asked if he sees a v-shaped recovery. like the president, he said that will depend on the next stimulus package. leslie. >> foster: nikole, we're turning to overseas right now in north korea. there are conflicting reports tonight about the health of leader kim jong-un. what is the white house saying? >> reporter: well, the white house says that it is aware of those reports and the intelligence community is looking very closely at them. earlier this week, the president was asked about kim jong-un. he said he hopes that he's okay, and hopes that he's not in any medical trouble. but he wouldn't say when they last had contact. leslie. >> foster: all right, nikole, thank you. and be sure to watch "face the nation" tomorrow for more on the political and financial fallout from covid-19 19.

not like the case with the coronavirus pandemic they have much choice, but mnuchin and kevin hassett,conomic advisor, used to run the council of economic advisers, started talking about that. they kicked it down the road and say we are further along with the virus. we won't be doing anything for the time being. -- hassetttruck a really struck a hawkish note. need to think of the next phase of stimulus and get ahead of the curve on death. don't know what they are going to do given the pressing need first a -- need for spending, but seems like they will pump as much money as possible. after four stimulus packages, maybe for the next phase there will be a worry about how do you pay for it down the road. about it being a long-term drag on growth. our bloomberg editor. let's get a first word news headlines. karina: european governments are moving towards lifting lockdowns as there is a slowing of fatalities. spain, italy and france will announce a gradual reopening after they all recorded the smallest rise in deaths in three weeks. the e.u. has reported 100,000 fatalities at his bracing fo

kevin hassett is saying the u.s. is is losing so many jobs he expects the unemployment rate to reach levels comparable to the great depression. the treasury secretary expects the economy to bounce back by mid-to late summer. let's discuss now. dr. harvey fineburg, the chair of the standing committee on emerging infectious diseases and advises the white house on coronavirus. thank you for joining us this evening. john harwood, we haven't had a briefing since friday. they have added one to tomorrow's schedule. we don't know what the president's role will be. if his tweets today are any indication the president remains rattled and he's ranting. >> he is focused on himself, pretty much always focused on. that's not so jarring when you have a strong economy. he's not macing well when the chit is suffering. it is jar ing ring to see him fd on himself and his grievances and complaints with his enemies in the press and politics. so what has happened is the american people have seen that and because it's so jarring, it's fina

visit ncicap.org] announcer 1: next white house senior adviser kevin hassett talks to reporters about the impact of run a virus on the economy -- coronavirus on the economy. he said unemployment numbers could reach 16% nationally and the president would be considering future aid in a relief bill. answer some questions? kevin: i feel sorry for you guys working on a saturday. up? at is >> [indiscernible] get the

other days, that means kevin hassett, steve mnuchin and the economic team. what the american people need to here is what guides us. >> laura: people are anxious for good news. they don't want to have blind faith, but theyy want good news, they want optimism moving forward. that's american spirit. dr. fauci could be talking about what could be coming, just watc. >> if we are unsuccessful or prematurely try to open up, it could beuc much more than that. it could be a rebound to get us right back in the same boat that we were in a few weeks ago. it is inevitable that we will have a return of the virus, or may be it never even went away. >> laura: is that a view of the white house shares, that it's inevitable that we can see into thehe future, that this vis will definitely come back if, if, if the state opens a little bit earlier, that state opens, not exactly according to the plan of the white house? >> president trump has put forwardes these reopening phase guidelines. it's up to the governor is ultimately what to do. look, the president is very impressed with

while seener white house adviser kevin hassett delivered a very dire warning. >> make no mistake.a really grave situation. george, this is the biggest negative shock our economy has ever seen. we'll look at unemployment rate approaching rates we saw during the great depression. >> hassett noting that the u.s. lost just under 9 million jobs

they might need even more going to be decided by by the path of the virus more than aning else kevin hassett special advis to the president says whether the rogram will need another injeion of cash depends on how quickly businesses are ck up and running has awn in the country. mcconnell promised the senate will hold a special session tuesdato compromise republicans and democrats can reach. reporting in washgton. i'm kelly meyer. >>from coast to coast resent nutes and frustrations are growing as stayat home orders keep the economy shut down. these are just some of the protest today out of pennsylvania, ohio d arizona. meanwhile, a new nbc ws wall street journal poll reveals most americans are not in favor of lifting the stay at home der too early suggesting these protests represent a vocal minority. president trump ntinues to show support for those demonstrators in his daily task force briefings. now say they'll start reopening es some businesses the coming days, but many lawmakers on both sides the aisle are not on board. i don't think it's helpful . >>donstrations and encourage people to go

fauci being out there, but is that means kevin hassett, steven mnuchin, and economic team, so really what the american people need to hear is what guides us. >> laura: a lot of folks are just anxious for good news. they don't want to have blind faith, but they want good news, they want optimism going forward. that's the american spirit, dr. fauci was talking about what could be coming, however. watch. >> if we are unsuccessful or prematurely try to open up, it could be much more than that, it could be a rebound to get us right back in the same boat that we were in a few weeks ago. it's inevitable that we will have a return of the virus or maybe it never even went away. >> laura: is that our view that the white house shares, that it's inevitable that we can see into the future that this virus will definitely come back if, f, f, the state opens a little earlier, not according to exactly the point of the white house? >> president trump is put forward the phased reopening guidelines. governors are following them. and it's up to the governors ultimately what to do, but look, the president

these are the warnings from kevin hassett who is now back at the white house serving as a key economic adviser to the president. kevin i'm glad to have you here. let's begin with this. kevin, how high will unemployment go by june? >> i think by june we're looking at numbers between 16 and 20%. the unemployment rate at that point will be something about as high as something we haven't seen since the 1930s. i think gdp growth the second quarter is going to be a big, negative number. the president and his team have been fully briefed on all that. the question is what happens next, and a pretty mainstream forecasting outlet, the budget office sees a rip-roaring second half of the year. god willing that's what happens, and if it does happen, i would have to say it's really because of, believe it or not, bipartisanship. we had three stimulus bills that last time on the show we hadn't really talked about. i think they built a bridge to the other side, but i'm still worried. >> i'm worried and i'm lucky. let's look into these numbers. between 16 and 20% unemployment. that's great depression le

reporter: economic advisor kevin hassett said this morning unemployment rate could be 19%. numbers we haven't seen since the great depression. what is the plan for getting country out of this ditch? >> that will be a great third quarter, i say, great, transition will be really terrific. i think into the fourth. we'll have potentially a great fourth quarter. there is tremendous pent-up demand. i don't know if kevin said that, or larry kudlow. they're seeing, i feel it. i think sometimes what i feel is better than what i think, fortunately or unfortunately, phil. i tell you i feel it. i will say that i think next year will be a spectacular year in terms of growth, in terms of bringing your country back. i think we'll have a really good year. we want to be where we were. i think we can actually surpass where we were. we were the strongest anywhere in the world. we were the best we ever were but we were the strongest anywhere in the world. i view what we have now is obviously a period of, here we are, it is what it is. we just got hit by a vicious virus should never been allowe

here is kevin hassett today and here is president donald trump today. >> gdp tomorrow will probably be a negative number and that will be just the very tip of the iceberg of a few months of negative news. it's unlike anything you've ever seen. >> third quarter, it's obviously a transition quarter, but i think it's going to be okay, maybe better than okay. i think fourth quarter will be great. and i think next year is going to be a tremendous year for this country. >> why do you think they aren't on the same page? is there any possibility that in a sense it's coordinated? you've got the good cop and the bad cop, then if trump doesn't hit 16% unemployment, he looks good? or do you think they're just not on the same page? >> that's an interesting idea that i hadn't thought about. i don't think they contradicted each other because kevin hasset is saying the second quarter is going to be epically horrible. and donald trump is saying, well, the third quarter is going to be good. now, the thing that everybody should try to wrap their head around is both of those could be right, but if we have

state and local optimism about an economic d boun back starting in july white housecomic adviser kevin hassett however said to expect some shocks on th immediate horizon i think that the next couple of months are going tolook you're good to see numbers that are as bad as ything that we've ever seen. >>in washington, i'm karin cafa. >>and according to johns hopkinsuniversity there are over 965,00cases and over 54,000 deaths from coronavirus inthe u.s. a majority of those aths are in new york ovr 107,000 people have recovered from covid-1 graduatg nurses say they want to help with the coronavirus pandemic but many of them are ving trouble finding a job. this despi governor newsome calling for more nurs, both retired and students to work on the front lines of cid-19. it was already a challenge to find nursing jobs before the pandemic for some it's a very lengthy process that could take months now what applicants are facing now are hiring freezes or more require training. they tell kron they just want to serve during this difficult ti. >>yet home. >>during a pandemic dance tree hiring more nurses

let's listen to white house economic adviser, kevin hassett this morning. >> this is the biggest negative shock that our economy, i think, has ever seen. we're going to be looking at an unemployment rate that approaches rates that we saw during the great depression. during the great recession, remember, that was a financial crisis around 2008, that we lost 8.7 million jobs in the whole thing. right now we're losing that many jobs about every ten days. >> i know you want to get more money directly to the american people like those stimulus checks that were sent out with just one round. what's the likelihood that actually happens? are you seeing bipartisan support for that idea? >> no question about it. i mean, you know, people that have a good heart understand that there are people in distress. americans all over this country need help. and that's what we're supposed to do. you know, i was asked in 2016 when i ran for congress after being governor and attorney general of florida, why would you do that? well, the reason i want to do it is i want to help people. we should serve with a servan

and local optimism about an economic sed bouncback starting in july ite house economic adviser kevin hassett however said to expect some shocks on the immediate horizon i think that the next couple of months e going to look you're good to see numbers that areas bad as anything that we've ever seen. >>in washiton, i'm karin caifa. >>and back here in the bay area happening now take a look there's major construction going on on highway one oh one san francisco kron 4 sarah stinson live there explain about the traffic and also th changes drivers have to make. hi sir. >>imani that's right i'm live here atthe -ramp um one no one in the southbound lanes and this is right at alameda boulevard is closed. you can see over here lots of construction crews here and they are working to replace the one on bridge deck at san francisco's alum amy circle take a look at this live video of the construction happening as we speak rightnow, it's causing a it caused a bit of a backup earlier looks like it's closer the traffiis flowing now, but it could be a lot worse if this was a normal monday morning comte and th

expressed optimism about an economic bounce back starting in july white house economic adviser kevin hassett however said to expect some shocks on the immediate horizon, i think that the next couple of months are going to look you're good to see numbers that are as bad as anything that we've ever seen. >>in washington, i'm karin caifa okay. >>governor gavin newsome says california restaurants will get taxpayer money to feed millions of seniors during the coronavirus pandemic but the restaurants will have to offer meals with fresh vegetables, fruits and on sugary drinks. he said that the federal government will pay for 75% of the costs while the state and local governments cover the rest. california has been under a mandatory stay at home order since march 19th because of the coronavirus and restaurants have been one of the hardest hit industries. the coronavirus continues to take a deadly toll among residents of california, nursing homes with some facilities being particularly hard hit here in the bay area there have been a number of nursing homes here with outbreaks, including. >>at laguna

i bring that up because the president's top economist kevin hassett just a little while ago again express that very same possibility. listen here. >> yes, we're definitely following every single state. we're following what their rules are. we got some aggregated social distancing data. we're looking to see how -- [inaudible]. and making sure that opening up isn't something that is causing the disease to come back. if it did, then you know, the people in in the white house would -- [inaudible] reporter: clearly, neil, one of the efforts, where they are, the white house, going to be leaning on these governors. the president with the florida governor in the oval office right now. this afternoon, 3:00 in the white house, big event, touting the ppp which is rolling out a second batch of loans. we hear there are host of problems for those getting in line to get the applications in the process. interesting to see if the president is asked about that certainly at 3:00, maybe up coming as well currently in the oval office. neil? neil: thank you, thank you very much. blake burman in washington. by

heard kevin hassett, economic advisor to the president warning that these are going to be some of the numbers we've ever seen. talking about the biggest economic growth gdp since the great depression. but steve mission, the treasury secretary, he is suggesting an economic rebound by summer, even july or august. >> i think as we begin to reopen the economy in may and june, those are an unprecedented relief into the economy. this will have a significant impact. >> sandra: that's an optimistic forecast for the treasury secretary. >> i think most are expecting a step back. that's from but that could be flat and down. it's the fourth quarter, and it's not going to be up 20% or 30%. this will happen slowly just because of the behavior of people. they are not just going to come back and live the way that they used to. and that's 6 feet between one another and social distancing rules. that will be something to watch. i think the ppp program is helpful and the fact that the government is throwing cash at this economy, $7 trillion plus in stimulus. that's a third of the gdp. at some point that

>> well, we kind of saw two of those different cases play out publicly when we had kevin hassett, one of his economic advisers, talking about how this was going to be, you know, great depression-like numbers we were going to see. then of course his treasury secretary talking about this huge rebound in the third and the fourth quarter, and the president, of course, echoing that, saying the third quarter is going to be great. the fourth quarter is going to be great. going in september and october. the way i'm hearing advisers and strategists talk about this, they know the economy is going to be really bad going into the election. their hope is that they can see some upward trend so that the second quarter numbers are just catastrophic but the third quarter looks a little bit better. and they can spin this as the great american comeback story, as the president turning things around and, you know, just give him a little more time, and you'll see, he'll bring this economy back to life. that's the scenario they're hoping for. but if it goes -- the fear is that if it stays closed too long, i

reporter: cheryl, one of the top economists over at the white house, kevin hassett says when the laborepartment puts out the official reading one week from tomorrow, next friday, regarding the april unemployment report, hassett believes the number could be around 19%. earlier this afternoon, president trump asked about the figure. he wanted to look ahead toward the end of the year while also placing blame on china for what occurred at the beginning of the year. >> well i think we'll have a great third quarter. that will be a transition. when i say great, i think transition will be really terrific. we're going to take it into the fourth. i think we'll have potentially a great fourth quarter. i view what we have now is obviously a period of, here we are. it is what it is. we just got hit by a vicious virus that should have never been allowed to escape china. reporter: white house officials are telling me today they want to survey the landscape over the upcoming days to see what a future relief package might look like. i'm told that a decision from the white house is not expected this wee

kevin hassett, an economic adviser on the new task force talking about how serious this has been, a blow to the economy, how high unemployment is going to be. a very different tone from the newly reinstated mr. hassett? >> that's right. what white house officials are doing are trying to balance the reality, that it is a economic tragedy as well as a health tragedy. they hope in one these companies before the november election that there will be some growth and positive things happening within the economy before the november election. what we are seeing of course is the white house trying to balance the fact that the president wants to still run on the economic success he was something, rather than focusing on unemployment being sky high and people being scared about their futures. when it comes to what the white house is planning to do, sources tell me the president is still -- while he is scaling back the press briefings he wants to find a way to deal with the press maybe in a way that's more controlled. we might see more pool sprays where the president is meeting with several people an

as a father kevin hassett us know him as he. went up with sidney and solomon when ever misled you. but i don't read any of your. jewelry and people here are part of the. day they move forward i will and this is your tele get on center. that we have posted up at had a nice quiet sunday and i miss my stomach was to begin a space my last question for until less. than they were bored look on the surface and call me on may say i am i want to see myself or to i do that you make out alle the going to do list and you then you are not in your best to take up what i do than 98 meters point 7 here. if you go for me so closely at one o 7 am and then look at health an important message. in then. i said passing. i mean they are saying in sydney that if they were not mia. would you if they didn't they once had one cindy knew that just them the embryo under me bill me as i e a look at that is like in the thickness we would need them. it's a sad. it's a dumb question. but ok i said send me out by the meaningless way and i sort of it was probably of problem was but a case of me is when i do that i c

. >> harris: of course, you couple that with what another white house advisor, kevin hassett, told men this program last week, and is still saying today, talking with journalists, that he says the level of unemployment in this country could look much like it hasn't looked since the great depression. with the number today popping of 19% unemployment, that is huge. again, right on time for the president being asked about these things. we are awaiting just momentarily for his top economic advisor, larry kudlow, to join me, as well. i want to get into it. he was just with the president inside the oval office, by the way. you might have watched it right here on fox. we carried alive in the last hour or so. he was there with the task force and the governor of new jersey, phil murphy, talking about these things. top white house economic advisor larry kudlow is live and ready to go. larry, first of all, if you could -- well, welcome to the program. thanks for running over. >> harris, do you have a spare raincoat? it wasn't quite ready for this. >> harris: oh, no! >> i was just joking. >> harr

kevin hassett now back at the white house, senior adviser to the president told us on the show yesterdayhis gdp number down minus 5% for first quarter is the tip of the iceberg and that q2 he thinks could see a contraction of 40%. can you put that into layman's terms for every american at home watching and thinking what does that mean for me long-term? >> yeah. it is the tip of the iceberg. these numbers reflect essentially the impact in the last two weeks of march. and that short amount of time, it managed to cause a u-turn in the economy. household spending, the anchor for everything, fell by 7.6%. and amazing thing is people pulled back on things you might not expect. half of the decline can be explained by reduced use of health services. people stopped going to doctors, stopped having elective surgeries, stopped spending on any services at all and instead jacked up their savings. that is the fear hitting the household sector, hold on to the economy, afraid of what is coming. what is coming in the second quarter? annual decline of 40% rate is the worst quarter in american history. tha

force with many people in his administration, people like my buddy larry kudlow and people like kevin hassettd probably steven mnuchin. they will also be private-sector people, hoping to see someone, the personal business leaders like steve schwartzman to get the best advice. the decisions that trump makes in the next four, eight, ten weeks will be critical in terms of the economic recovery we are all hoping for for this country. >> bill: austan, you don't want to start and pull back again the matter what the decision ultimately is. what would you like to see in the task force. what do we need? >> i think he really needs to get credible people who are not associated with the administrations previous positions. the president has for the last 12 weeks at least has clearly been agitating, to say it, the virus isn't as serious as people say, we should go back to work. he previously said we should be able to go out and get back to work by easter. i think if he's going to form a task force to try to make this decision, it's imperative that the task force have credibility and not be perceived as pur

as a father kevin hassett us know him as he now for our eva when i was sidney and i meant things when i am a slave. but i don't carry any of your. jewelry and people here and part of the. day they were i will and this is your tele get on center. that we have posted a could have a nice quiet sunday and i miss my stomach was to begin a space my last question for until this. last and they were poor look on the circus and call me on may say i am i want to see myself portal i do that you make out ale they go no you mr you then do i not in your case to take up what i do than 90 a meeting point 7 he had it all for me so of course he had a one on saturday and when they look at him to newport and i see that. in then. i said casson. i mean they are saying in sydney that if they want that media. who just they don't and they once had one cindy need have them the embryo 100000000 bill me as i. look at that a 2nd up as a place we will need them. it's a sad. it's a dumb question. but ok 7 in us send me l.o.l. but ok you're meaningless why am i sort of when it says appropriate program must buy ticket

also expressed optimism about an economic bounce back stting in july white house economic adviser kevin hassett however said to expect some shocks on the immediate horizon, i think are going to look you'regood s to see numbers that are as bad seen. ing that we've ever >>in washington, i'm karin caifa an update on some numbers for you according to johns hopkins university. there are over 965,000 cases and over 54,000 deaths in the u.s.. >>a majority of those deaths are in new york over 107,000 people have recovered. >>and on the kron 4 morning news a bit of relief for lot of people as the fda says y don't have to wipe do your groceri for your takeout food containers will have more on that coming up and after the break getting more help explain how the government and private companies are working together to keep them safe. >>it looks like a mi day for us today is that we have a very similar like weather data we have yesterday however tomorrow a heat spike is coming our y it's just a one-day deal just a little flavorof summer. it. full plate continues. i just love hitting the open road and tellin