blake burman in washington. melissa has more now. melissa: all right. here now to react is steve forbes, forbes media chairman. steve, what do you think about this? this is the ingenuity of a private company. they donated the drug as you heard there. what are your thoughts? >> well, i think this underscores the importance of the private sector, and i'm delighted that president trump repeatedly has executives like from gilead and other companies showing what they are doing, abbott and other companies, and they are showing what can be done when you have a huge sense of emergency. i think you will see more of in the weeks and months ahead. we have johnson & johnson and some other possible vaccines in the work and the encouragement of the government, the adversarial stance we have in the past with some administrations this one of cooperation i think is showing the fruits of having a strong vibrant private sector with the direction of government with a healthcare crisis. melissa: yeah. no, that's a great point. along those lines, of a vibrant private sector,

blake burman with the latest on the presidents' day. but we start today with lauren simonetti with the markets quite a day on the markets. lauren: doing fast math i think the swing is 830 points. volatility is back. nasdaq not quite positive for the year but close. nasdaq choppy session, up 1.1% in the end. the dow was down as many as 458 points, as near nearly three million americans filed for unemployment benefits to the two month total, 36 1/2 americans out of work. the market started popping when president trump said a covid vaccine is likely by the end of the year. the dow up today for the first time in four days. the pharmaceutical industry however, more cautious when it comes to a vaccine. the novartis ceo says most likely we'll not have one until middle of next year. sanofi amending the pretty convertal comments that the company u.s. would receive the vaccine first. the company now says it would be available to all countries at the same time. some pharmaceuticals were down today. oil closing at near six week high. look at that 2

to blake burman. blake, what do you make of what has been announced and, again, the rhetoric was a lot hotter than what we just saw unfold. >> reporter: i just got here from the rose garden, liz, so apologies if i duplicate anything you say. the relief rally there, think, is in part because the u.s. is staying in the trade deal. that was one of the big questions. when president trump was asked about this yesterday the oval office, will you be staying in the trade deal, he didn't answer it. he didn't say yes, he didn't say no. he came down here today with a lot of policy tools that the white house had been telling us that they would have at their disposal giving to the president because of what has been unfolding in hong kong. we saw some of those policy tools that the president just unveiled. we also saw the president talk about china's handling of covid-19 and how the u.s. would react, in part pulling funding from the world health organization. so you had a twofold, sort of a twofold response from th

blake burman. melissa: here now to discuss all of this is bill mcgurn from the "wall street journal." he is also a fox news contributor. so, bill, it is interesting, as you look at all the headlines as they flew by just now president trump and various governors talking about reopening, it seems like in some ways he is become both cheerleader and maybe flogge are in chief, handing over specifics to them as he ushers the nation back into reopening but a lot of ways he has given them the control, maybe as it should be to kind of open their states. you look how it is going, encourage some, scold others, is that a good position for him to be in. >> i don't think he has much choice in the sense it is their power under our federal system. i think that is largely a good thing. i think there is much more danger in one size fits all. if you're reopening in iowa it is probably different than if you're reopening in manhattan, depending on the stage of the disease and so forth. i do think that, again, even outs

blake burman wrapping up our look at the top stories of the day thank you, blake. melissa? here now is steve forbes, forbes media chairman. let me ask you about this transition to greatness how long do you think it's going to take? reporter: it's going to take several months and most will depend upon what congress does in the next few weeks there are two big things congress has to do. business is crying out for it and that is immunity from frivolous lawsuits. the trial bar is already writing a massive amount of lawsuits so congress is going to take that up if a company makes good faith efforts and principles of safety such as masks, physical distancing and the like they should not be subject to lawsuits only if you're legitimate, grocery negligent with your customers or employer s should be subject to lawsuit that is absolutely critical businesses are reluctant to reopen, and the other big thing that has to be donald i'm surprised republicans have been resistant to it is a payroll tax holiday that helps reserve jobs, create jobs gives a person making $40,000 a year a $3,000

. >> a lot of burmans in the sports world here.l get there. >> what does happen when there are teams that are playing in colleges that are open if you have other states with schools that aren't open? how do you juggle that? >> yeah, it's going to be, clearly a juggling act but one thing that we can't compromise is the health and wellbeing of the students. it's very likely that we'll find that schools will be restarting sports at different times. and it's not going to happen in sports so we'll have to be more flexible. and to health and safety. and we may even have to move our championship schedules around for the fall and perhaps even in the winter but we're not going to compromise health and wellbeing. >> president of the ncaa. on behalf of all the burmans we thank you for this. >> thanks, john. >> that was a great conversation. here's what else to watch. >>> we have breaking economic news. a record drop in retail sales. new numbers show how americans are giving back during this pandemic so we'll talk to a top economic adviser to

connell: already blake burman for us. melissa? melissa: here now is steve forbes, forbes media chairman. let me ask you first of all about this move by the president do you think that local municipalities are going to follow it because of course, it is the mayor and the governor who is the last word in a city like mine. >> i think most will. i think you're going to see more and more stark contrast between states that are moving with deliberate speed to open up and those who are lagging. heard about vermont today is about as a rural space as you can find, they're still acting like it's new york in march. so i think you're going to see pressure from other states to open up and i think people are recognizing that if you practice what physical distancing and the like, you can go out. there are always risks out there but people have had enough. this has lasted far longer than anyone anticipated. this lockdown. melissa: yeah speaking of having enough, there's already this talk about what happens if it comes back and if there needs to be

blake burman from the white house. there is a lot of news there. and susan li with uber and more from the new york. lauren, we start with you. lauren: guys, good to see you. i don't want to call it a fade but the dow was up 430 points. it lost some momentum closing at 23,875 for a gain of 211 points but certainly a fade for the third day in a row. take a look at nasdaq. it didn't close above 9,000 but it is positive on the year by seven points. what a day. what has been powering the nasdaq and the overall market? megacaps, facebook, amazon, google, netflix, microsoft. look at them this quarter. they're all up 15%. strong balance sheet, cash flow, generally seen as immune to government regulation which had been an overhang. there is very much a push, pull we're seeing in the market right now. signs the economy is reopening. let's look at some travel stocks. they rebounded today up 5 1/2% gain for carnival. 7% gain for mgm. there is questions how fast the economy can heal. got fda approval to accelerate a vaccine trial, moderna. that stock up 8%. pel

blake burman with the comments he made when he was leaving for arizona. blake.eporter: hi, there, cheryl. it looks beautiful in arizona today. president is set to land in phoenix, arizona any moment now. the president left the white house earlier today he was dismissive after model leaked earlier this week put together by the cdc and fema. i want to show you two different models come into focus over the last couple days as we talk about states potentially starting to reopen. the first one, that is the second one, well, i will start here then i guess. this is the imhe model just had come out, university of washington. that is a model that the white house had been holding up as one of the best predictors. you can see deaths per day dropping over the upcoming three months. the next model if we have the graphic, cdc and fema one, showed there were 3,000 daily covid deaths per day potentially coming by june. we don't have it. this is the johns hopkins university statement though. as johns hopkins is now saying of that cdc-fema model, these preliminariry results are n

connell: blake burman on the north lawn of the white house back to the china news with ambassador craig allen, now joining us and ambassador allen i'll start as funny as it sounds with your reaction to what the president did not say and then moved to what he did say as blake reported no mention at all of trade today. what did you make of that? >> yes, hi, connell. thank you very much, indeed the word tariff was not mentioned today, and i think that that's why the markets tended up at the very end of the day. we were expecting that and were pleased that no actions were taken that really hurt american firms or hurt the people of hong kong, so while it was a very strong statement, it was calibrated and thoughtful and forward-looking. connell: you mentioned no actions taken. the most actionable part of the president's statement i suspect is the suspension of the relationship of the termination of the relationship between the united states and the world health organization whereas for business interest you're saying what he said about hong kong says they are going to start a process of elimi

blake burman from the whitehouse, edward lawrence from the newsroom. and let's kick it off with lauren. lauren: finishing the green. dow had been down 362 points t clawed back, closed up 26. s&p 500 up 12. nasdaq gaining one .25% on the day or 105 points. let's go back to the dow. industrials, boeing, raytheon. some worst performers and the ramped up trade tensions with china. the white house blames beijing on the coronavirus. legendary investor warren buffett dumping his entire stake. barclays downgrading american and delta on debt concerns. look, raymond james came out and thinks demand may have bottomed. is this a bottom for the airline stocks today? big tech also saw a comeback after the losses last week. apple is updating math book pro. how about m&a? merger monday. intel buying transportation technology company move it, all green on this board today. energy was also a winning sector. oil back with a 20-dollar handle. it is up four days in a row right now. exxon, valero, others rallying big-time today. production cuts, opec plus, plus some other c

blake burman. we've got that closing bell ringing in 39 minutes now.are paring some of the losses for the dow. it's down 24 points at the moment. s&p is up. we have green on the screen there. nasdaq adding to gains, up 102 points. general motors has its engines revving. the stock is moving higher by about 4% on stronger than expected quarterly profits. gm plans to restart most of its north american plants may 18th. >>> and as you drive your car to pick up pandemic essentials, thanks to a biz born out of the outbreak, you can even make this an easier process. the college buddy cofounders of a company called popup pantry, it's brand new. they were pushed out of college because the doors closed, they started a business while waiting for college to reopen. you will meet them next when "the claman countdown" comes right back. (announcer) in this world where people are staying at home, many of life's moments are being put on hold. at carvana, we understand that, for some, getting a car just can't wait. to help, we're giving our customers up to 90 days to mak

having for the 1st 6 months of his life we were stable and then i lost my job which intel lost my burman. but for you know for after that 6 months we did pretty well you know we stayed with friends here and there we stayed with family but it sank i kind of started to feel like i was a burden to these people you know because then they have to deal with my kid having his little fits in this that. you know i got another job and i was paying for hotel rooms you know 2 weeks out of each paycheck and i just got really expensive really pricey so you getting you're just like all right well i'm going to keep doing it i'm going to join i got to get up i got to work. only with having a kid a child with special abilities you kind of you don't really get much scout time expression when you're a single parent you don't at all you're constantly on the go on doing this doing that picking up this picking up that. so you resort to of course a drug that makes you stay awake. there isn't that surprisingly i got off it by myself i didn't go to rehab or anything i just kind of kicked it. i've been clean for 3

to blake burman for a preview. blake, any idea what he might say? reporter: you are going to see the president and the administration tout the progress that has been made as they see it, liz, on testing coming up here in the rose garden about 15 minutes' time, or sometime in the next hour. here's what the administration has laid out before us in advance of this. they say over the last week, 1.9 million people across the country have been tested for covid-19. they say in sum all over the country as of today, that number will be north of nine million people. so what about going forward. well, here's what senior administration officials are saying. they say that $11 billion is going to be sent to the states all across the country for testing. if you are wondering where that $11 billion comes from, that's from the cares act, the $2.2 trillion, phase three bill. they also say that in speaking with the white house, speaking with governors, that they have been able to identify all of the states' needs and all of the states' goals for the rest of this month

blake burman a lot to cover. great job from you blake.e have questions about the president's ideas. he wants to punish china from the pandemic. is that enough to deal with the chinese. we want to bring in trump economic advisor and steve moore. great to see you, steve. >> good to see you. cheryl: he had this exclusive sit-down with maria this morning. he talked about his displeasure with china. he hasn't spoken to president xi xinping. he doesn't want to speak to him right now. chinese companies that list in this country, maybe they should be held to u.s. accounting standards. a lot to go through. your thoughts? >> mile initial thought is that president trump has been right all along with china. we can no longer treat china if that they are a friend or ally. they have really become in many ways very adversarial to the economic and security interests of the united states and the attitude that trump has had about china is now reflected broadly by the american people. republicans and democrats are extremely angry at china for their sinister

blake burman live in washington. blake, thank you very much.et's talk about what is happening with the chinese. what would the fall out look like if a new trade dispute grows from this pandemic. want to bring in from kings college manhattan, fox news contributor brian brenberg and independent women's policy analyst, patrice lee onkuwa. brian, president making remarks there potentially could be new tariffs against the chinese. the phase one trade deal could be in jeopardy. there seems to be a run on china if you will. do you think that would be a good idea, would it help the u.s. economy? >> well, cheryl everything has to be on the table here. clearly china needs to be held to account but let's remember what the goal is. we're looking at china and we're seeing all sorts of risk in the supply chain there, in manufacturing happening there. that's the problem that we have to solve if we want to derisk that, if we want to prevent some problems we've seen. it is about giving american companies to do more here. so i think the real key at the end of th

blake burman live from washington, blake, thank you. i want to bring in from kings college in manhattan brian brenberg. brian, let's start with the issue the markets are focused on today. things turned around a little bit for the nasdaq and comments from south korea have concerns reopening too soon if there is second wave that the south koreans seem to be putting up the red flag about. what do you say? >> well, we have to see how big the second wave is. you know we know there are going to be ripples. nothing moves along a straight line when it comes to this kind of a virus and our recovery from it. the question, how big dot waves get, and how good are we responding to them when they happen? markets will get nervous as we see first inklings. as we get experience with what other countries or states which look like what might be second waves, you will see us calm down a little bit. the question, isn't the virus going to spread. the question, do we have health care resources to deal with it? will we be overwhelmed. right now the indications

blake burman is watching latest coming out of the white house. in fact we're expecting remarks in a few moments from the president in the rose garden. before we get to that, it is lauren simonetti on the market rally. lauren? lauren: a lot to get through. you don't want to complain. you have a 500-point rally the day after a holiday weekend but what took the market off bigger levels, the dow hit 25,000 for the first time since the lockdown began in early march. the s&p had topped 3,000. those levels did not hold on a "bloomberg news" report that u.s. officials were considering sanctions on chinese companies and chinese officials for their handling of the hong kong situation. so still a broad-based rally but we came off those levels as you can see. the nasdaq had been at its highest level since february 21st. there were hopes as the economy does reopen, as we noticed, this weekend, memorial day weekend there is hopes on the medical front too. 10 vaccines are currently in human trials. novavax is latest, the stock is up 5%. merck, a dow component a

neil: blake burman thank you very much, my friend, blake burman in washington.s you probably heard major league baseball is looking within the next couple days to iron out how it plans to resume games as early as july. could be even earlier than that. they might want to pay attention to nascar as the blueprint for all of this. while people sort of poo-poo what nascar was doing, ratings success of it are proof that people are eager for good sports entertainment. maybe because they watch this guy so closely. joey legano, if you ever watched him drive a race, he has no fear. i'm in the left lane doing 45 miles an hour and this guy is doing eight times that. off my math here, joey legano, happy to have you. thanks for coming. >> thank you. first off i hope you're not going 45 miles an hour in the left lane. that is a little bit -- [inaudible]. neil: guys like you breathing down my neck, get out of the way cavuto. i do mean what i say, watching you in action is a treat. obviously it is a treat for viewers who are hungry for this sort of thing. nascar proved if you do

blake burman, thank you very much, my friend. blake burman will have the latest of the meeting when the principals are out and maybe provide a statement on infrastructure and that kind of thing that people are looking at. you're looking at what is ultimate infrastructure here, the spacex falcon 9 rocket due to blast off from cape canaveral in about four hours, 20 minutes or so i always think i'm looking at this, how much gene cernan would have loved to see this. the last man to walk on the moon. covered it for the better part of close to two decades. we developed quite the friendship, one of the things comes to this job was a real treat was that close friendship. he made me an honorary astronaut when i told him as a kid i realized i never could become one because i couldn't fit in the capsule. one of the things i do remember about gene, how much he regretted the he was the last man to walk on the moon, somehow we had given up our zest and zeal for space missions, manned space missions, found it doubling, insulting that we were hi

neil: blake burman, thank you very very much.urman following all those fast-moving developments as he indicated. less that an hour, the president will be meeting with restaurant chieftains. in the meantime, this reopening getting a lot of attention in florida where some of the more populated counties are joining in the fun. phil keating on all of that. reporter: this is a big day for the state of florida as south florida, miami-dade county and broward county, are in an expanded phase one. that means non-essential retail and restaurants can now open to customers to come inside as well as barber shops and salons like this one. as you can see, people have waited two months to get their hair snipped and they are flooding the place right now. so also, it was a very busy weekend for south florida as businesses were really getting prepared for this big opening. made for a lot of preparations after two long months of locked doors and limited sales. all customers in stores and offices will have to wear masks at all times. they will only b

reporter: brad blakeman and blake burman back-to-back.on't worry stuart, i get his emails about once a month. this happens all the time. i want to bring your attention to two letters, quickly. first off this one right here, sent by national security advisor, robert o'brien, larry kudlow, over to labor secretary eugene school legal yaw. federal retirement savings should not have any exposure whatever to chinese equities. couple reasons why. first it cites national security concerns. first china's handling of covid-19 and any potential fall out that might come from that. what happened after that, the labor secretary sent off this letter to the head of the federal retirement thrift investment board saying president trump does not want $4.5 billion of federal retirement savings exposed to a fund that invested in chinese equities, and, we want your response. we want your moves, we want you essentially to get out of it by wednesday, meaning tomorrow. we reached out to the board. a spokesperson over there this morning, they did not have comment

i'm from burman's bookstore. i would like to thank everyone for joining us tonight for [inaudible] -- for a virtual event, in conversation, presenting the book stealing home los angeles the dodgers and the live in between. we're excited and grateful that our bookstore can continue to bring authors to our community during this uncertain time. we will be hosting more virtual events in the future. you can learn about them on our website as well as our social media. our next event is this coming tuesday, april 28th, at 5:00 p.m., with in conversation, an author who will be presenting her book. please feel free to subscribe to our newsletter. please go on-line to do that. this evening's virtual event will end with a q&a. :: you're interested in reporting, you can click on the purchase button to purchase at home, directly below the viewscreen, the link will redirect you to a site where you can continue your checkout process with our audiobooks and e-books for those interested. with that let me introduce you to our inte

blake burman following all of that. lots to follow today.hat's going on with the delayed, you know, openings, reopenings, whatever you want to call it. they are still happening, i want to make sure folks know that, just in some cases they get pushed back. in l.a. county now, it's likely to extend some of these provisions until at least july, maybe through july. with more on that, william lajeunesse. reporter: residents could be stuck at home for the next three months and the city attorney backed that up, charging 60 businesses yesterday, gyms and hair salons, for opening without permission. here's a statement that politicians tried to walk back all day. the county health director saying quote, with all certainty, safer at home orders would remain in effect unless he sees, quote, a dramatic change to the virus and tools at hand. >> based on all of the data that we are looking at, and i agree 100% that this is a really good opportunity to continue to be driven by the data, we know with all certainty that we would be extending health officer or

blake burman with the latest. hey, blake. reporter: hi there, neil something is most certainly up we just don't know exactly right now what this announcement from president trump is going to be. we believe in a couple hours time later this afternoon as the white house is being very tight-lipped leading into this. china, a spokesperson for china 's foreign ministry in the lead up to this announcement said the u.s. shouldn't be doing anything at all. this was their response today, they said, "we urge the united states to recognize the situation and stop interfering in hong kong affairs and china's internal affairs. if the u.s. insists on harming china's interests, china will take all necessary measures to fight back." so we'll see , neil how much what president trump announces is a direct result of china's crackdown on hong kong, or if it also includes measures related to china's handling of covid-19. here was larry kudlow listen to this from earlier this morning. >> the president will be asked with some ideas to hold china acc

blake burman, tell me about it.s one of those success stories that the white house is going to try to point out. this ford plant in michigan closed in march, but then decided to bring workers back to make ventilators and that's part of what that plant has been doing. you spoke with the vice president mike pence earlier this morning, who said the ventilator story is quote, nothing short of a national accomplishment. that is what the white house is going to try to highlight in part with the president's trip. there was another interesting part of your conversation with the vice president, when you asked whether or not president trump will be wearing a mask, because at that ford plant, it is required. when we reached out to ford earlier this week, they said they are going to defer that decision to the white house, and the vice president made it seem to you as if the white house physician will end up making that call as it relates to president trump. watch here. >> well, the president made it cloer th clear that he would

stuart: all right, blake burman, look, that's good stuff.w it is official, it is a warning, watch out, they're looking for our research. blake, good stuff. joining us now, senator martha mcsally. senator, i'm sure you heard this. what's your reaction? >> i said it many times, stuart, i never trusted communists. communist china is continuing to hack into our systems to try to steal our technology. this is just another example. they have been doing this all along but people are more mindful of their behavior with the coronavirus because of their lies and coverup but this is no surprise to those of us, i've been doing national security for a long time and we've been watching them steal and hack into our research and our technology for many decades. they need to be held accountable and it needs to stop. stuart: now i believe you've got a bill which would allow ordinary people, myself, yourself, other people, to sue directly, sue china. >> yes. stuart: and seek compensation in american courts. that is what you want, right? >> yes. they're respons

blake burman, who outlined what we could be looking at. blake?orter: one of the potential topics coming up at the white house in an hour from now is what might come next. you just heard from phil there, all of the pain and hurt as it relates to the state of florida, as a lot of folks are looking forward to a potential phase four or phase five, the next relief package. the white house, though, today continuing to signal that they are on pause as it relates to looking to what might come next. you remember just about this time yesterday, we were telling you that the white house, officials that we had spoken with still wanted to survey the landscape for at least several days to see what happens when states reopen. but i want you to listen to larry kudlow, what he had to say this morning, because he appeared to have lengthened that timeline, suggesting that the white house might want to wait as long as a month to see what comes next. >> right now, we're kind of in a pause mode, all right. maybe the next 20 or 30 days. let's see what happens with this

lauren simonetti on the markets for us, blake burman in washington who has the latest for the president who is in florida for the launch and kristina partsinevelos joins us with news on disney. we start, blake, with you. reporter: connell, melissa, speaking of that launch who wouldn't want a front row seat to it. exactly where president trump and first lady, the vice president, section lady are right now in florida in advance of what we are expecting to be the historic launch about 31, 32 minutes from now at the kennedy space center. president trump taking a tour there. he was asked what his message is for those two astronauts who will be aboard the spacex rocket going up to the international space station. he called them the best in the business. so the west wing pretty well-represented in florida right now. speaking of the west wing, there was a pretty big meeting in the oval office earlier today with president trump and new york's democratic governor andrew cuomo saying after that meeting that it was a very apolitical conversation between himself and the president and focused on how

blake burman is

blake burman with the latest on the president's trip and lauren simonetti is watching the market. let's kick it off with blake. reporter: hi, there, melissa and connell this is the first time in a month, you have to go all the way back to march when the president left the white house for an official presidential event. he has been on the ground in phoenix, arizona. he has been there 45 minutes or so. he visiting a honeywell plant that pivoted to produce n95 masks. we're talking about arizona as well that state could potentially be up for grabs in the election in november. here is the president, as he was leaving for washington talking about the upcoming trip. >> i am going there for two reasons. i love arizona. i have a lot of friend in arizona. i have had great success over the years in arizona. i will pay my respect foss for honeywell, one of the great companies that have done a fantastic job for us so i look forward to it. reporter: aboard air force one the president tweeted a list of items he would like to see as possible next step relief measures, writing in a tweet, you see

now we will go to blake burman, watching all of this.esident, you think about it, we have other things to talk about, he's kind of emboldened a lot of this behavior right now, even when it comes to protesters, saying he understands where they're coming from, and you know, doesn't certainly rail against them. reporter: he wants the states open. he wants the economy to open. he wants it open all across the country. it's something the president has been pushing for, not for days now, but really, for weeks now, for all these states and he has taken issue with some governors who he believes are not opening fast enough. you see what's going on there in the state of illinois with that one business owner you just spoke to. speaking of the president and reopening, as part of the reason why we saw this push from him on twitter today saying he would be threatening to withhold funds from certain states if they engage in excessive vote by mail. this morning, he specifically singled out two states, michigan and nevada. michigan, for example, has sent

blake burman on what we can expect to hear from the president later today. hey, blake. reporter: hi, there, neil. as a lot of these states start to open there is a lot of focus on the different models out there what they project. by and large the white house is standing by the imhe model coming out of the university of washington. it is new projections over the next few months between now and august 1st, there could be by that time some 134,000 covid-19 related deaths. however when you look at the model it is showing that the daily number of deaths will be decreasing over that time as well. the reason i bring that up, neil. that is a much different picture than a draft model from the cdc and fema that has made its way out to the public which one scenario predicts there could be 3,000 deaths per day by june 1st. there is a lot of pushback over at the white house, specifically even today from the president on this. we actually just got a statement from johns hopkins who is behind that model saying it was scenario planning and not forecasts. the press secretary within minu

that is blake burman on all of that. we got some economic news out today that reinforces the notion it will be a bumpy ride until things improve again particularly on housing front, housing starts dropping, steepest decline ever, building permits decline, steepest decline ever. the data has been well factored in, optimistic a cure for the virus is maybe in the making by the end of the year, vaccines we'll get into a little bit later into the show. the economic data has to improve as more people go back to work. jackie deangelis sorting through all of that at the corner of wall and broad. jackie. reporter: neil, the market is taking a little bit of a pause. the dow is paring some of the losses. the president talked about measures, for example, to help the farmers, while they are important to the u.s. economy, they are still bandaid measures if you will. that is how wall street looks at that. we have a problem we're trying to fix and trying to add more stimulus into the economy to help folks weather the storm, but you look

neil: blake burman, thank you very much. i want to go to karl rove now.arl, the health care task force first, president dialing that back, smart move, what do you think? >> smart move. shouldn't have looked they were dialing down to begin with. when you go through something like this obviously over time the nature of the challenges being faced by such a white house task force is going to change. we're obviously entering a period unlike five, six weeks ago there will be more economic considerations than there were before. very smart not to continue along the path being sketched out yesterday. instead to very firmly say this is going to continue and continue indefinitely, albeit with a different focus and perhaps with some change of characters. the president has been advantaged by the fact as he talked about this, he had mike pence join him at the podium and dr. birx and dr. fauci and the surgeon general and the hhs secretary and other experts, that helped give the american people a better sense what is being done and a better sense of confidence. neil: wha

neil: blake burman, thank you very, very much, my friend.to our next guest, i want to key you in, we're off the lows right now, this is only me extrapolating here, but i'm noticing technology stocks suddenly surged. they were doing pretty well already. reports that nvidia could be closing in on a record high here as well. i should point out from not moving much at all, facebook up over a buck, that is very pricey issue, amazon, at $2400 plus. i'm noticing it extends to intuit, twitter. right now if you add ibm, microsoft and google, this pickup, suddenly picked up steam. how and why, i don't know. whether that could be tied to what is happening now on the nvidia front or tech is proving again resilient in the face of numbers and anticipation, that those numbers will continue to look good for the group, i have no idea. that seems to be a noteworthy catalyst they surged out of nowhere. they have been strong performers and been leading this comeback rally over the last month 1/2 or so, when all major averages appreciated about 30 plus percent f

neil: blake burman thank you very, very much. this "new york times" report we're getting a little bit more information on the trump administration projects about 3,000 deaths per day. that could extend into early june. just doing the math backwards then, that would bring us up to 100,000 deaths as the president said. but what is also in this report, is that this escalation could continue throughout the summer. eventually bringing it to pensionly prohibitively higher. in fairness to all sides on this there is a guessing game. there is no real way to know. when americans get back to work there is no way to predict how much of a spike in cases we'll look at. inevitably there will be some spike. you want it to be as minimal as possible. that is what makes these sort of very difficult to gauge beyond that 100,000 figure the president mentioned last night. others are saying much, much higher. others are saying we could stablize around there and no need to worry. we'll follow that very, very closely. we do know that this reopening of th

blake burman joins us with more at the white house. blake. reporter: hi, there, charles. to see president trump here momentarily for a cabinet meeting back at the white house and one thing i am told if the president hasn't done it already he should be doing it shortly is signing an executive order which he will talk about at this cabinet meeting, which you're right, aiming at deregulations that come about because of covid-19. here is a few ways to break down the executive order the president should be outlining shortly t will ask the federal agencies to identify regulatory actions that should be made permanent. the president also wants agencies to identify deregulatory measures that will help create jobs. also it will instruct agencies not to be overly burdensome on small businesses and non-profits when it comes to compliance measures so long as they are operating in good faith. at that cabinet meeting we expect to hear from the budget director, russ vogt who said following about the executive order, typically when our country faced a crisis washington responds by grandin

blake burman live with more. blake?ter: hi, there, charles, yes, president trump is threatening the democratic governor, rather the of north carolina at the same time he is about to host the a meeting with democratic governor of new york. let's start there very briefly because some news on that front today. andrew cuomo, the meeting between the two will occur at the white house tomorrow. como said earlier today hopes to go to the white house to talk to the president about potentially using infrastructure to reignite the economy. watch here. is it. >> i'm going to go to washington tomorrow. scheduled to meet with the president, to talk about a number of things but this is one of the things i want to talk to the president about. you want to restart the economy, let's do something creative. let's do something fast. >> that will be cuomo tomorrow but over the weekend as well the president was threatening to move the republican national convention from charlotte, north carolina, unless that state's democratic governor, roy c

the federal reserve warned of lasting damage from the pandemic, fox business team coverage, blake burman with the latest from the president, lauren simonetti is watching the markets and edward lawrence is in washington, let's kick it off with blake. reporter: we are seeing a backtracking away from china in a couple different places across washington today. let's start with what we first reported exclusively on foxbusiness.com on monday evening which is that the white house part, president trump and his top advisers wanted to see the federal retirement savings plan that relates the federal government workers not have any exposure whatsoever to chinese equities. there was a fund that was shifted, about $4.5 billion into chinese equities, that was expected to go into play, the white house said they did not want that to happen wanted to answer by the end" of business today, that fund responded to the white house and said that they will not be putting the nearly $5 billion worth of government retirement funds into a fund that has significant exposure to china. that's a big win for president t

blake burman with the latest on the president's trip and lauren simonetti is watching the market.