>> craig fugate: yeah, i think it's the model that will have to work. >> cooper: craig fugate was headikes the idea of government funding restaurants to help the hungry. we spoke with him via remote interview from florida. >> cooper: what would it take t? htard. local governments would issue the contracts to local vendors to produce meals under their authority to feed people in a disaster, and they would send that to the state, and the state would ultimately send it to fema for reimbursement. >> cooper: the sudden closing of restaurants did more tha workers their jobs. it created widespread disruption throughout the nation's food supply chain. before the pandemic, by one estimate, 24 million cases of food were delivered every day to restaurants, schools and large venues that serve meals. it was usually sent in bulk and to repackage it for sale in grocery stores, takes time and money. with restaurants closed, demand for butter and cheese has dropped significantly-- one reason dairy farmers are dumping as much as 3.5 million gallons of milk every day. and farmers, who can no longer get t

craig fugate, we appreciate the work you do. thank you very much for coming on this morning. >> thanks for having me. >>> still to come this hour, a potential development in the fight against the coronavirus. researchers in china say they have now cloned antibodies from people who have recovered. could this lead to a potential treatment? >> a governor is making a tough decision on reopening their states across the country. what about connecticut? we'll talk to the governor of connecticut, ahead. these days, it's anything but business as usual. that's why working together is more important than ever. at&t is committed to keeping you connected. so you can keep your patients cared for. your customers served. your students inspired. and your employees closer than ever. our network is resilient. our people are strong. our job is to keep your business connected . it's what we've always done. it's what we'll always do. still fresh... ♪ unstopables in-wash scent booster ♪ downy unstopables a book that you're ready to share with the worl

in the second hour of "balance radio, will be speaking to the former head of fema, craig fugate.s a plan for a national resilience corps that could address crises such as this pandemic. we will talk about what that will entail, who would be ey would, how much that woul be paid, and other items. we will also be speaking to michael chertoff. that is coming up in the second hour of "balance of power." ♪ vonnie: it is 1:00 p.m. in new york, 6:00 p.m. in london, and 1:00 a.m. in hong kong. i'm vonnie quinn. welcome to bloomberg markets. here are the top stories we are following from around the world. u.s. and european stocks tumbling with the s&p 500 down 1.2%, pulling back from a seven-week high. it is off session lows as crude oil prices surge. another 3.8 million americans filed for unemployment benefits. jobless claims now topping 30 million just over the past six weeks. bank ispean central stepping up its response to the coronavirus crisis by cutting funding costs for banks. ecb president christine lagarde the euro area economy could shrink as much as 12% is here -- this year. le

and you hear, within the last couple of years, it really started under craig fugate, who used to run fema and they call it whole of community response. they used to be somewhat isolated, focused in certain areas, try and meet the needs of the community. not just sterile in terms of water, meals, cots, trucks and things like that but to take a look at the community to figure out what it is that they need to be able to minimize their suffering, and recover economically, bring the community back to the state before, this is one of those programs that is innovative, and without a doubt you will be this spread across the nation. >> how do they california was able to be the first in the nation to do something like this? >> yeah, that goes back to the partnership between bob fenton and gov. newsom and that has been beneficial for california as well. twofold is that mr. fenton, when he came here, he understood how washington, dc, fema headquarters works. that is one but they had a relationship between the two of them as well as the office of emergency service director. they worked on a numbe

craig, thank you for sharing your expertise. in some ways you simplified it to the point where people are now scratching their head. the structure is in place. just make it work. anyway, mr. fugate, i hope you are staying safe and healthy. right now we are awaiting the start of the coronavirus task force briefings and once it begins we will bring it to you live and may hear of new cdc guidance. it will be curious to hear if the cdc will be represented. new cdc guidance about whether or not we should be wearing face coverings when we leave the house. what changed about what we know about the virus to possibly change the advice. possibly change the advice. good morning, blair. [ chuckles ] whoo. i'm gonna grow big and strong. yes, you are. i'm gonna get this place all clean. i'll give you a hand. and i'm gonna put lisa on crutches! wait, what? said she's gonna need crutches. she fell pretty hard. you might want to clean that up, girl. excuse us. when owning a small business gets real, progressive helps protect what you built with customizable coverage. -and i'm gonna -- -eh, eh, eh. -donny, no. -oh. -and i'm gonna -- -eh, eh, eh. you can't always stop for a fingerstick.betes with