maria: my thanks to mike roman of 3m.ywhere, more "wall street" right after this. ♪ ♪ in nearly 100 years serving the military community, we've seen you go through tough times and every time, you've shown 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 ♪ maria: welcome back. we've got a big show next weekend. don't forget to join us on friday, every friday night, 9 p.m. eastern right here on maria bartiromo's "wall street," and then this weekend i'll see you for "sunday morning futures," 10 already eastern on fox news, join me on sunday. catch the show live, fox news, 10 a.m. on sunday. and, of course, every weekday start smart. join me weekdays, monday through friday, 6-9 a.m. eastern on "mornings with maria" right here on fox business. we hope you will

maria: my thanks to mike roman of 3m.ywhere, more "wall street" right after this. ♪ i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. my age-related macular degenso today i made a plan with my doctor, which includes preservision... because he said a multi- vitamin alone may not be enough. and it's my vision, my morning walk, my sunday drive, my grandson's beautiful face. only preservision areds2 contains the exa

maria: my thanks to mike roman of 3m. street" right after this. ♪ you ever wish you weren't a motaur? sure. sometimes i wish i had legs like you. yeah, like a regular person. no. still half bike/half man, just the opposite. oh, so the legs on the bottom and motorcycle on the top? yeah. yeah, i could see that. for those who were born to ride, there's progressive. yeah, i could see that. i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. his stylist browsed hundreds of styles for him so that tonight,. john could feel totally himself. let us find your perfect fit at stitchfix.com. maria: welcome back. we've got a big show next weekend. don't forget to join us on friday, every friday night, 9 p.m. eastern right here on maria bartiromo's "wall street," and then this weekend i'll see you for "sunday morning futures," 10 already eastern on fox news, join me on sunday. catch the show live, fox news, 10 a.m. on sunday. and, o

maria: my thanks to mike roman of 3m.ywhere, more "wall street" right after this. ♪ ♪ wash hands now ♪ wash hands now ♪ wash hands now ♪ wash hands now narrator: handwashing is one of the best ways to stay healthy all year long. maria: welcome back. we've got a big show next weekend. don't forget to join us on friday, every friday night, 9 p.m. eastern right here on maria bartiromo's "wall street," and then this weekend i'll see you for "sunday morning futures," 10 already eastern on fox news, join me on sunday. catch the show live, fox news, 10 a.m. on sunday. and, of course, every weekday start smart. join me weekdays, monday through friday, 6-9 a.m. eastern on "mornings with maria" right here on fox business. we hope you will join me as we set the tone for the weekday business. that'll do it for you. thanks so much for being with me. have apart. pete: its been wonderful hosting in with you guys. griff: i'll be tuning in for sure. pete: go to church virtually. maria: good sunday morning everyone thanks so much for joini

maria: my thanks to mike roman of 3m.re, more "wall street" right after this. ♪ my age-related macular degeneration could lead to vision loss. so today i made a plan with my doctor, which includes preservision... because he said a multi- vitamin alone may not be enough. and it's my vision, my morning walk, my sunday drive, my grandson's beautiful face. only preservision areds2 contains the exact nutrient formula recommended by the national eye institute to help reduce the risk of moderate to advanced amd progression. it's how i see my life. because it's my vision... preservision. maria: welcome back. we've got a big show next weekend. don't forget to join us on friday, every friday night, 9 p.m. eastern right here on maria bartiromo's "wall street," and then this weekend i'll see you for "sunday morning futures," 10 already eastern on fox news, join me on sunday. catch the show live, fox news, 10 a.m. on sunday. and, of course, every weekday start smart. join me weekdays, monday through friday, 6-9 a.m. eastern on "mornin

maria: my thanks to mike roman of 3m.here, more "wall street" right after this. ♪ you wouldn't accept an incomplete job from anyone else. so why accept it from your allergy pills? flonase relieves your worst symptoms which most pills don't. get all-in-one allergy relief for 24 hours, with flonase. his stylist browsed hundreds of styles for him so that tonight,. john could feel totally himself. let us find your perfect fit at stitchfix.com. maria: welcome back. we've got a big show next weekend. don't forget to join us on friday, every friday night, 9 p.m. eastern right here on maria bartiromo's "wall street," and then this weekend i'll see you for "sunday morning futures," 10 already eastern on fox news, join me on sunday. catch the show live, fox news, 10 a.m. on sunday. and, of course, every weekday start smart. join me weekdays, monday through friday, 6-9 a.m. eastern on "mornings with maria" right here on fox business. we hope you will join me as we set the tone for the weekday business. that'll do it for you. thanks

maria: my thanks to mike roman of 3m.re, more "wall street" right after this. ♪ announcer: there are everyday actions to help prevent the spread of respiratory diseases. wash your hands. avoid close contact with people who are sick. avoid touching your eyes, nose and mouth. stay home when you are sick. cover your cough or sneeze. clean and disinfect frequently touched objects with household cleaning spray. for more information, visit cdc.gov/covid19. this message brought to you by the national association of broadcasters and this station. won't be a new thing. and it won't be their first experience with social distancing. overcoming challenges is what defines the military community. usaa has been standing with them, for nearly a hundred years. and we'll be here to serve for a hundred more. i've always been faand still going for my best, even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin... i want that too. eliquis. eliquis is prov

maria: my thanks to mike roman of 3m., more "wall street" right after this. ♪ you wouldn't accept an incomplete job from anyone else. so why accept it from your allergy pills? flonase relieves your worst symptoms which most pills don't. get all-in-one allergy relief for 24 hours, with flonase. which most pills don't. i am totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424. ♪ ♪ why do things that are supposed to make life easier sometimes feel so complicated? ibm watson is different. it's ai that works on any cloud to help your business tackle problems... from building smarter cars to predicting sales trends to improving customer service... without slowing you down. ♪ ♪ then you might have a dcondition called dry mouth.? biotène is clinically proven to soothe and moisturize a dry mouth. plus, it freshens breath. biotène. immediate and long lasting dry mouth symptom relief. -excuse me. uh... do you mind...being a mo-

i we are not happy with 3m. >> tucker: earlier today, the ceo of 3m went on television to deny that hispany has done anything wrong. >> the idea that 3m is not doing all it can to fight price gouging and unauthorized reselling is absurd. we have increased our production, as you said, by millions and millions, and we are bringing more respirators in orfrom china. we are net importing into the u.s., and we've been telling the administration for days and days.. it's's important, david, that yu understand, we are more than happy to shift our overseas production to the u.s., but there are going to be consequences on a humanitarian level, as we are the sole and often the sole provider of respirators and countries around the world. >> tucker: peter navarro is the white house trade advisor and we're happy to have him. thanks so much for coming on. it's always a tip-off, i think, when you hear someone respond to a question nobody asked, and you just saw the ceo of 3m defend his company against charges that they had prioritized other countries over the united states by saying we are not engaging

what was 3m doing that was making you so mad?> kristin, thank you, thank you for continuing to highlight this. i want to thank tucker carlson obviously for making this something that we're talking about now. i'm extremely encouraged by, you know, what came out of the white house, getting 3m to come to the table. so, what led to this all of this and governor desantis and myself obviously decide today ring the alarm bells is we've been chasing around these n95 masks for the last several weeks, i have orders now that are almost a month old, we've received 10% of the product and what we found is that between all of these brokers, all of these distributors, that orders kept getting knocked down. we were going to warehouses that were empty. cargo planes that didn't exist, we were going the runaround. i literally had a team of people, like in the boiler room out of wolf of wall street, they-- they didn't exist. what they were telling us some of the product was leaving the united states and going to foreign governments and people were pa

now out of the blue, we get this 3m tweet the vice president, mike pence went out to 3m to see their manufacturing capacity and the white house had been complimenting 3m in terms of their response here. >> thank you for. >> that sticking with that washington theme, president trump is inviting key energy executives to the white house today one day after telling cnbc he expects russia and saudi arabia to commit to a 10 to 15 million barrel a day cut brian, this has been the key driver of energy in the last two days what can we expect if it actually would happen. >> caller: good morning, dom 10 to 15 million barrels from russia and saudi arabia is not going to happen, period. russia can't shut off oil production because they need the gas that comes with it what i can confirm is that on monday, there will be a web inar meeting open to opec koint countries. in theory, the united states is invited the u.s. talking about the big companies that means they won't cut unless the u.s. cuts that's the only way you are going to get to 15er at what point do u.s. producers start to feel that pain or

actually, with 3m, it might come quicker. take a listen. >> over the last several days, we've had issues making sure that all of the production that 3m does around the world, enough of it is coming back here to the right places. so what's going to happen with the signing of that order, we are going to resolve that issue with 3m, probably by tomorrow, close of business. >> as for 3m, we called for comment and haven't received anything back, but almost at the same time of that sound bite, they tweeted this: "to get critical supplies to front-line workers, we are working with partners to expedite distribution, including air shipping and-95 estimator95 reso plants in the united states, where they're needed most. "they had a picture of a plane with masks being loaded, accompanying that to each. but that's not enough for one of the original whistle-blowers. >> the idea that an american company is selling masks away from our hospitals, away from our doctors come away from the real heroes on the front lines, is something that will lo

both 3m and the white house deny the claims but 3m saying it does not even have a record of the order a new us policy it is blaming for the issue. that's because of the move by the us president donald trump to invoke new korean war era laws to demand us firms provide the country with more medical supplies. we need the masks. we do not want other people getting them and that's why we are instituting a lot of defence production act. you could call it retaliation, because that is what it is. it is a retaliation. the us president said earlier he is using the emergency laws to take aim at 3m, a key supplier of masks in the us. there's been no act of piracy, the opposite. 3m has not treated our country well and if they do, great and if they don't they will have a hell of a price to pay. on saturday, the company pushed back against the new policy saying in a statement that it had already gone above and beyond to manufacture as many n95 masks as possible for the us. it went on to address heavy criticism of profiteering saying, we continue to act on reports of price gouging and unauthorised re

the three to my 3m authorized distributors, there's only 20 companies, they 3m authorized interpretersre telling me this. they're specifically saying, listen, we are sorry order got pushed down, but there are folks showing up to the factories. there are folks showing up to us, calling us, paying cash for it i said, what you mean there are folks? they said listen, there are foreign countries who do business differently under their showing up with cash. the idea that an american company is selling masks away from our hospitals come away from our doctors come away from the real heroes on the front lines is something that will long be investigated after this. it's really criminal what is happening. i can't, i can't, other management directors, ceos of hospitals can't get this life-saving ppe because a company decided to make a globalist decision and not put america first. >> tucker: you would think the government affairs guy who called you today would have thought, this is pretty disgusting what i'm defending. maybe i will send a memo to michael rahman and say hey, mr. ceo, you should tell

3m has to go to beijing, 3m's got to go to canada.it here, mike >> yep, and that's our model, jim. you know, we, when companies move manufacturing overseas, we didn't leave the u.s we produced everything we sell in the u.s. largely in the u.s. facilities in fact, we're an exporter we export over $5 billion in products every year out of u.s. fact factories, so we have the capabilities here. we have surge capacity in the u.s. for n-95s we didn't anticipate that the m demand we're seeing in covid we're bringing more production online, adding the 35 million a month that we produced in march, we'll take the 50 million from our investments we accelerated as we came from q1 in june and working with the department of defense to double that again as we get to the end of the year. our goal is going to be ready for the next crisis, to be ready to support the fight in the pandemic, and be able to do it out of factories in the u.s. >> interesting choice of words there, mike, "the next crisis. gardner had a study, cfos earlier in the week, where th

good news for 3m.l richardson is coming up next on "balance of power" on bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. i'm david westin. for bloomberg first word news, we go to mark crumpton. the u.n. labor organization estimates the equivalent of 195 million full-time jobs could be lost in the second quarter alone from the coronavirus pandemic. that is a big increase from last month when the international labour organization predicted -- next 25 million job losses for all of 2020. the agency says full or partial lockout measures now affect nearly 2.7 billion workers, or about 81% of the global workforce. a grim statistic in new york city today, officials say more than 3200 people have died from the coronavirus, that makes it deadlier than the september 11 terror attacks. its firstity recorded coronavirus data on march 13, less than two weeks after confirming its first infection. considering easing its nationwide lockdown as new coronavirus cases

hasn't always been 3m. manufacturing. it is minnesota mining and manufacturing. americans have big hearts. when we fill all the needs in this country for n95 masks, i hope they send them all over the world wherever they are needed. they need to be made here, shipped here, they don't need to be shipped overseas. might be a while before i buy anymore scotch tape. jillian: you were in the hospital briefly this week. is a patient yourself tell us what it was like. do you have any hesitation about knowing the situation going on in many hospitals across country? >> none at all. i went to the top hospital in dallas, where the medical school is. i know it well. the clerk outside gives you a mask. if you have fever, cough and shortness of breath go a different door, going to emergency room everyone has a mask, staff has a mask, your 20 feet from every other patient, go to the floor, all the staff has a task. the people in the rooms have masks and covid-19 patients are going to the top floor with no express other tha

the president saying we are dropping the hammer on 3m, using the defense production, 3m saying we're sending these supplies directly to us companies that need them. your reaction to this back and forth? >> this is not good for 3m and i'm certain they are going to adjust their behavior accordingly. my understanding is worldwide there probably are enough supplies and it is just a matter of people taking the opportunity to make more than would be reasonable in this situation. i hope the global supply chains can quickly get reconciled, that the american companies that are pitching and can get up to speed and companies like 3m realize the people of their hometowns are going to be assisted by this and they need to supply these people with the necessary protective equipment. shannon: sounds like they are routing these internally within the us so we will keep an eye on that. thank you, always good to have you. as states ramp up testing the coronavirus task force is keeping a close watch on emerging hotspots. some 35% of all coronavirus tests administered in new york and new jersey coming bac

what role does 3m play in that process?u do to help these customers make it possible that their customers want to come back and enjoy the services that they offer? say we are guided by three clear principles in the middle of covid-19 and this pandemic. the first is focusing on the safety of our employees. that will be true as we look at reopening the economy. the second is fighting the pandemic from every angle possible. that is going to be a big role as we come back to the workplace and reopen the economies. the third one is staying focused on our customers and delivery for shareholders as well. customers broader then not just our respirator customers, but a broader range as well, taking steps in that around the world, those principles are going to hold us in good stead. we are working broadly with government and health officials, medical experts, other companies, suppliers to really manage a step-by-step move through whatever reopening we've had. ofve moved through a couple phases in china already as we have come back to

if i want to play something from the ceo of 3m. >> the idea that 3m is not doing all it can to fightrice gouging and unauthorized reselling is absurd. an area that we are not doing everything we can to maximize delivery, respirators in her home country. we are doing everything we can to maximize our efforts, fight covid-19. >> this is what peter navarro told tucker carlson about 3m. >> you have to stop whining and spending, just do the business the american people. it's exhausting to work with these people. we don't have the hours, much less the minutes to deal with it. of >> shannon: and taking more of this supply line? >> he did, with the defense that he signed, he talks to people at 3m, he has taken -- he has not nationalized any of the companies, but he certainly let them know that they were and an american company. it wasn't always 3m, it was minnesota mining and manufacturing, not china. it's minnesota mining and manufacturing. americans have big hearts, when we fill all the needs in this country for a 95 masks, i hope that 3m and other people can sons them all over the world t

if i want to play something from the ceo of 3m. >> the idea that 3m is not doing all it can to fightrice gouging and unauthorized reselling is absurd. an area that we are not doing everything we can to maximize delivery, respirators in her home country. we are doing everything we can to maximize our efforts, fight covid-19. >> this is what peter navarro told tucker carlson about 3m. >> you have to stop whining and spending, just do the business the american people. it's exhausting to work with these people. we don't have the hours, much less the minutes to deal with it. of >> shannon: and taking more of this supply line? >> he did, with the defense that he signed, he talks to people at 3m, he has taken -- he has not nationalized any of the companies, but he certainly let them know that they were and an american company. it wasn't always 3m, it was minnesota mining and manufacturing, not china. it's minnesota mining and manufacturing. americans have big hearts, when we fill all the needs in this country for a 95 masks, i hope that 3m and other people can sons them all over the world t

we spoke with 3m's ceo mike roman on "squawk on the street" and he pushed back hard saying 3m is going above and beyond to support the united states without abandoning other countries entirely take a listen. >> the idea that 3m is not doing all it can to fight price gouging and unauthorized reselling is absurd. the narrative we are not doing everything we can to maximize delivery of respirators in our home country, nothing could be further from the truth we are doing everything we can to maximize our efforts and to fight covid-19 and to support the health care workers here at home in the u.s. >> carl, you were a part of that conversation mr. roman seeming to me to do everything he could not to directly hit back at what the president is saying, but going point by point both on what's happening with those masks and respirators and what 3m is doing net importing into the united states right now and how, if they are forced to do some things that the administration seems to want them to do, it could hurt the availability in the u.s., carl >> yeah. remarkable the difference in tone, guys, be

. >> this is a 3m order.o be frank, over the last several days we have had some issues making sure that all of the production that 3m does around the world, enough of it is coming back here to the right places. so that order, we'll resolve that issue with 3m probably by tomorrow. >> sandra: 3m responding this morning say quote, yesterday the administration formally invoked the defense production act to require 3m to prioritize orders from the federal emergency management agency for our n95 respirators. we've been working closely with the administration to do exactly that and appreciate the authorities in the dpa that provide a framework for us to expand even further the work we are doing in response to this global pandemic crisis. we look forward to working with fema to implement yesterday's order. that from 3m this morning. >> ed: we'll watch it. researchers looking into the possibility that wearable apps could identify asymptomatic cases of coronavirus. they're found on brace lets and rings and send data to

at 3m, we are solving problems that improve lives. >> good morning.9 is trying to get into your life. but you confided. old people struggle. be kind, be safe and stay home. jillian: this adorable 7-year-old turns a school project into a viral sensation but her mark newscast on vaping 4 safety spreading far beyond her classmate. rob: carley shimkus with serious xm 115 has online reaction to the future anchor's broadcast. >> reporter: she had the nail on the head, that was harriet granger allen teaching classmates white is important to stay home right now. people around the world impressed with her presentation. penny on facebook says thank you for explaining details of covid-19. i saw it here in england. teresa says amazing, you have a great future in broadcasting. she could be a doctor because she understands what is going on. rob: stuart varney's daughter if i'm not mistaken. that is what somebody told me. what is going on with plastic bags? carley: people in san francisco can no longer use reusable bags in an effort to stop the spread of covid-19. m

explain to me exactly why 3m needed to essentially sue the people who are selling the masks. >> 3m hasn very vocal about the fact that they say, we are not trying to profit over this, only charging usual rates. these were companies that had one to new york city and one to california, charginge have masks, over what 3m was charging and calling themselves authorized distributors. 3m said, they are not affiliated with us, this is a trademark infringement, and they filed a lawsuit against them. all that,aving said what can be done? what can states do about it? >> states can't do a whole lot. they are the ones in these bidding wars. there have been calls to say -- [inaudible] but in fact, the argument -- the government needs to step in and have some sort of uniform supply chain so states aren't going to be the victims of price gouging. scarlet: i think we've lost the there on susan decker joining us on 3m trying to do its part on fighting price gouging. let's get you some business flash headlines. pngterly sales rose 6% at because the coronavirus outbreak led to panic buying. we are talking

the president tweeted "we hit 3m hard today after seeing what they were doing with their masks. act all the way." that's a production act he's talking about. they will have a big price to pay. the vice president visited 3m out there in minnesota getting a commitment from the company to produce masks for american first responders. in a statement, 3m saying it will comply with the production act order but the ceo mike roman is pushing back against the white house accusations. listen here. >> the idea that 3m is not doing all he can to fight price gouging and unauthorized reselling is absurd. their narrative that we are not doing every thing we can to maximize delivery of respirators in their home country, nothing could be further from the truth. we are doing everything we can to maximize our efforts and to fight covid-19. >> trade advisor peter navarro who is in charge of production for coronavirus response as the difficulty in curing everything from pharmaceuticals to countermeasures overseas has eliminated a huge supply chain problem. >> we are dangerously over dependent on a gl

, 3m says -- >> they can push back if they want. i'm not happy. the people thought that with it directly or not at all happy with 3m. i heard what he had to say today. i don't know the gentleman but we are not happy with 3m. >> where is doctor county? >> i don't know, whenever he's not here, you say where is he? you see, is our problem? no problem whatsoever. every time he's not here, sometimes i'll ask him to come because that's the first questions you in a couple of others from the fake news establishment ask, where is doctor fauci? we are doing great together. we are covering a different subject today. >> you have said nobody could have seen this pandemic coming, secretary azar at a bio defense some 2019 said of course the people, the thing people ask what keeps you most about 90 in the bio defense world, pandemic flu, of course, i think everyone in this room probably shares that concern. your own secretary was aware that this had potential of being a very big problem around the world, a pandemic of this nature. who dropped the b

i wa nt to greatjob, 3m, they really have. i want to thank their great ceo.it worked out well. and they are doing a lot of work right now on masks and other things. this production is in addition to the 55 million n95 mouth my administration has already distributed. plus, 500 million masks, —— masks my administration has a ready distributed. and in addition to that, we sterilise the masks, a great company in ohio recommended by the governor of ohio strongly, and it's doing very well and they are sterilising a lot of the masks. masks can be sterilised up the masks. masks can be sterilised up to 20 times. so that's like buying 20 masks i always wondered why are they sterilising these masks? they are pretty sophisticated masks, some you can because of the material and others you can't, but we have actually two companies that do this, but one i know very well in 0hio, they are doing a greatjob stop they are sterilising masks up to 20 times. do these numbers, in perspective, to put them into perspective, to put them into perspective, american healthca re providers

and the president going after the major mask manufacturer 3m after it was discovered that 3m was selling american-made masks to other countries part of the president invoking the production act tweeting we hit 3m hard today after seeing what they were doing with her masks. p act all the way. a big surprise too many in government as to what they were doing. will have a big price to pay. in the statement, 3m said refusing to sell to other countries could provoke retaliation and reduce the number of masks here. ceo mike roman pushing back on the president's actions. >> the narrative that we are not doing everything we can to maximize delivery of respirators in our home country, nothing could be further from the truth. we are doing everything we can to maximize our efforts and to fight covid-19. >> as used on the briefing, the president saying he is not happy with 3m. also announcing a plan to help americans who do not have health insurance if they get sick. the president saying if someone without insurance needs treatment for coronavirus disease, the hospital that treats them will be reimbu

we hit 3m hard after seeing what they were doing with their masks. referring to the national defense production act, a big surprise to many in government is to what they were doing referring to 3m. we will have a big price to pay. facing the wrath the president trump, 3m in a statement said they will comply with the presidential order but then went on to say this, ccing all export of respirators produced in the united states would likely cause other countries to retaliate and do the same. some have already done. the company's chief executive officer mike roman added more in an interview with fox business. >> we are up in the sole provider for healthcare workers in many countries and that is the way that we build this capability around the world to support them. so there will be consequences, they will not have access because they're in the middle of the covid-19 fight too. we are happy to do that we will comply with the bpa. lou: mike roman, america currently has the highest number of cases and the deadly wuhan virus around the globe. yet he, the chi

to be at least arguably -- >> how is 3m not responding to this you are right. these are insane 5:accusations. i'm all in favor of the administration following up. i don't understand how 3m doesn't even respond >> every media outlet has been reaching out to get a response they have not commented. we'll bring those comments to our audience when we get them. there has been a number of interviews now with different states that have come out publicly to talk about the issue. it is not just foreign buyers. you might describe domestic commercial buyers as opposed to state buyers, if you will. now this act has been put into place, 3m will have to push out those masks to the state, i imagine directly or on a priority basis >> how much did you find out let's say it was a couple of months ago when we were worried about italy more and when they were appealing to 3m i guess it was last week or it was different. you wouldn't normally say -- you sound like trump are you an america firster that they should only sell to america. if a country is hard hit, they shouldn't provide

they are the huge company of snacks going to 3m and cat.e haven't heard from other industrial companies cat has 12% of business in oil and gas. it is heavily focused in china what is infrastructure doing cat is down 20% year to date it is a duration at this point what is the duration of the slow down and if and when we get back how do companies like cat, 3m preserve their balance sheet, keep dividends and preserve their money on r&d the winners here will be companies that not just keep their balance sheet but also increase what they are spending on r&d >> on that front, the duration is very important. maybe the news from caterpillar that many operations are back up and running. maybe that's the news you take away from this press release too? >> a good point. this is globalization in play. cat has businesses all over the world. while we are very focused here in the u.s. as to when we get back, other countries are starting to get back now we'll see other fits and starts but that allows investors to say, okay, what are pieces of the world open

should 3m be fulfilling contracts? >> we're very disappointed in 3m. they should be taking care of our country and they can sell to others but they should be taking care of our country. the people that have dealt with them have dealt successfully with many companies over the last month. they don't like the way 3m has treated our country. they don't, frankly, like the representatives of 3m, and no act of -- you said piracy, right? piracy? >> for german -- >> there's been no act of piracy. it's the opposite. 3m has not treated our country well, and if they do, great, and if they don't, they're going to have a hell of a price of pay, okay? i i say it that way and i watched him on television on something talking about how this could -- this is so hard to believe, so hard to fathom. they ought to get their act together because i got involved and i looked at what happened and they have not -- 3m has not treated our country well. >> can you just clarify about that german order? was that diverted or not? >> we'll get you the information. >> i have a question f

okay, that is 3m, thank you, 3m. i want to thank apple, one of many great american companies that taken -- really lepgh leapo action, they are producing plastic face shields for health care workers, rate at 1 million a week, these are shields you see on television. they are at highest level of quality. and safety. we're grateful as well to sales force. which has donated 48 million pieces of personal protective equipment including masks, gowns, suits, and face shields, thank you very much in sales force. and i urge our nation's governorsen to sure that massive deliveries we made to your states over the past pew few weeks -- few weeks are distributed as quickly as possible, we working well with the governors. they in a see you and say, oh, we're not happy, they are happy on the phone. mike pence is a straight shooter, he had a great phone conversation with all of the governor, teleconference. and they are happy. every one of them. were there any negatives. >> no, sir. >> see, i told you. mike is the greatest. mike, hav

we have a lot more including the 3m situation going on. they have gone from heroes to goats and a little bit more than 24 hours. the president was commending them for the efforts getting masks and everything to the public and lo and behold the president turning on them and finding a lot of the supplies are going abroad. 3m has come out to make very hard statements and return that is not what it appears to be, kind of the battle of glitz but hillary vaughn has the latest from washington, d.c. reporter: white house trade advisor peter navarro announcing the president will sign an order that will crackdown on brokers that he says are bidding up the prices and shipping out critical supplies from the u.s. to other countries, states are still struggling to get their hands on the critical medical gear, the n95 mask and one company 3m says they are shipping masks that are made in the u.s. to markets in latin america and swell canada and for the director of emergency management is asking for 3m to stop oversee sales until the u.s. is stocked here.

that's 3m. thank you, 3m.nk apple, one of the great american companies that has really leapt into action. today, apple announced it is now producing plastic face shields for health care workers at the rate of one million per week. one million, and these are the shields you see on television quite a bit. they are the highest level of quality and safety. we are grateful as well to salesforce which has donated 48 million pieces of personal protective equipment, including masks, gowns, suits and face shields. so, thank to salesforce. i urge all of our nations governors to ensure the massive deliveries we have made to your states over the past few weeks are distributed as quickly as possible. again, we are working very well with the governors. they may see you and say oh, we are not happy. they are very happy on the phone. mike pence is a straight shooter. he had a great phone conversation with all of them. a teleconference. they are very happy, every one of them. were there any negatives? see. ytold you. mike is t

briefing. >> we're very disappointed in 3m. they should be taking care of our country and they can sell to others. but they should be taking care of our country. the people that have dealt with them have dealt successfully with many companies over the last month. they don't like the way 3m has treated our country. they don't frankly like the representatives of 3m. and no act -- you said piracy, right? piracy? there has been no act of piracy. no, there has been no act of piracy, the opposite. 3m has not treated our country well. and if they do, great, if they don't, they're going to have a hell of a price to pay. >> to add to that, this is a tweet that donald trump tweeted out, a statement, sorry, that 3m posted after donald trump attacked them, produced in the united states would likely cause other countries to retaliate and do the same, as some have already done, 3m said. if that were to occur, the net number of respirators available to the united states would decrease. what do you make of this behavior by the president of the

china says to 3m, you make them here, they stay here, we want them, you can not export them.ard place between president trump and president xi , he's saying no export and trump is saying you're an american company, you know, sell your goods to america. this is a classic example of why we've become addicted to chinese politics, chinese manufacturing, they are holding us hostage, even an american company can't export its masks from their chinese plants to the united states. it's outrageous. brian: it's not just china, geraldo. ainsley: critics are calling it criminal. some of the brands that are under 3m, scotch, post-it, brand s we all use, and these n95 masks are in short supply the gold standard and what's keeping many healthcare workers on the frontlines alive. it's needed, we need them here in america and they're made in america, doesn't matter how much money the country will offer them. they need to keep them here in america. now they do have a statement, a full statement on their twitter page but let me read a portion of it. it says we look forward to working closely wit

it's not 3m. 3m is not the enemy. >> no. all right. guys, let's move on this morning. we have so many different ceos to hear from and speaker pelosi coming up. today is a momentous day for the company that used to be known as united technologies. ratheon and united have completed what was a merger of equals this morning creating what will be a pure play in aerospace and defense. don't forget, carrier and otis being spun off as separate companies. and joining us now is the ceo of ratheon technologies, note the name change so to speak, it's the same guy who used to run united technologies, greg hayes. thanks for being with us >> good morning, gentlemen good to be on. >> good to see you you know, the world has changed so much in the last month let alone since you first announced this transaction with ratheon. i wonder, there are many companies that feel better having size and scope, bigger balance sheet. are you regretful in any way given the current situation that, in fact, you are jetsoning parts of this company and becoming a pure play >> david, it's an interesting que