melissa: dan henninger from "the wall street journal," he is a also a fox news contributor. dan we get earnings coming in at the end of the week, how they did in the previous quarter isn't terribly relevant because that's gone. even guidance. we know things are horrible going forward. i imagine what is really going to count is, how fast are you burning cash, how much do you have in the bank and what's your access to capital, isn't that the number one thing people will be looking for? >> yeah. i agree with that. certainly cheap financial officers as has been reported are conserving cash, trying to develop credit lines as best they can. all by way of trying to come up with the best possible guesstimate for what the future is going to be. i think the future depends, we succeeded in flattening the curve of the coronavirus crisis and now the question is, what is going to be the upward curve of the economy reopening and that will tell us a lot about whether these companies are going to be able to earn again or, are going to go flat like the coronavirus. it seems like forecasting no

melissa: here to react dan henninger from the "wall street journal." he is also a fox news contributor. dan, it is starting to feel, hope springs eternal, starting to feel like things may open. instead of pushing the date off even more as happened to us in the past. instead you see various states and communities making actual preparations to reopen. am i being too optimistic? >> no, i don't think so. obviously states are beginning to reopen. they're getting impatient and there are a lot of states out there that we flatten the curve or we were asked to so call flatten the curve to create capacity for the health care system and hospitals to deal with coronavirus cases and we did that and in a lot of states, once you get past say new york and new jersey, states do have additional hospital capacity now. so we did flatten the curve. as that curve begins to come down across the united states inevitably shopkeepers and businesses are going to want to reopen. people are going to want to come out of their locked down houses and apartments. i think almost like a

that means it's time for dan henninger, "wall street journal" deputy editorial editor. t with the title, dan. your new piece is called "caught napping by coronavirus." you believe indeed that the u.s. was caught napping and it was a catastrophic failure. that's strong stuff. >> that's right, ash. you know, i took my cue from the surgeon general, jerome adams, who said last weekend we were going to head into an experience akin to pearl harbor and 9/11, and i think he was more right than he knew. pearl harbor was an intelligence failure, just as 9/11 was an intelligence failure, which is in both cases, we knew a threat existed but we missed seeing that it was imminent. we missed the call. the fact is that national health authorities knew as far back as 2000 about the possibility of these pandemics. that was when sars erupted in asia. so they knew the threat of these pandemics was real, and yet we in the united states and indeed, in europe, really didn't act until, you know, in hindsight it was too late. we are in the middle of these problems. i raise the question of why it

up next we we we have a speciall from the wall street journal report, paul gigot and dan henninger asally are an saturdays. ♪ limu emu & doug [ siren ] 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. ♪ right now we're offering one week free of pureflix to new users. our hope is that our content can help fill these stressful hours, and provide a little comfort to you and your family, and ultimately nurture your spirit. thank you and god bless you. ♪ so chantix can help you quit slow turkey. along with support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. stop chantix and get help right away if you have changes in behavior or thinking, aggression, hostility, depressed mood, suicidal thoughts or actions, seiz

back with wall street journal editorial page editor pete buttigieg and wall street columnist dan henningerlet me start with you before you disappear, again, why not help the states and fund the programs that speaker pelosi and minority schumer, they are pushing for? daniel: the state did help with original ppe and $350 billion, medicaid spending was 6.2% and the federal reserve as well as set up a facility to backstop or underwrite debt for cities and states. well, they are getting funding. i think what the problem that is going on with the democrats has a lot to do with the budget crisis that some of the democratic states like new york and california are beginning to experience. they are cutting funding of their own. even bill de blasio to cut back and spending in new york city but we call that both of the states were amongst hardest hit by the state and local taxes so their tax revenue is really suffering right now and i'm certain that nancy pelosi and chuck schumer are getting phone calls from gavin newsom in california and andrew cuomo in new york saying you got to hold out for more di

dan henninger, thanks for joining us. appreciate it. >>> let's get to blake burman.. what have you got? reporter: we are getting a better idea of who president trump is talking to this morning. there was a 10:00 phone call earlier this morning between the president and members of the house of representatives. i'm told a bipartisan group from the house, probably a couple dozen or so, 20 to 25 different members. that was the first phone call. then at 11:00 this morning, so about half an hour ago, the president was set to speak with members of the senate. again, bipartisan. i'm told about most all of the senate republicans and then put on top of that a couple dozen, maybe a dozen, two dozen house republicans -- i'm sorry, senate democrats as well so you add it all up, the president speaking today probably to about 100 members or so from congress before he is set to speak with the governors this afternoon, which is before the federal guidelines we are led to believe will be coming out at about 5:00 this afternoon when the president briefs. so house, senate, bipartisan, g

stuart: dan henninger, thank you, sir. see you again soon.ig step forward as they work on a system to track the spread of the virus. we will tell you where that project stands. it's very important. we have it for you. >>> real estate taking a beating in new york city. this is the epicenter of the outbreak of the virus. can it bounce back when things get -- when and if things get back to normal? that's next. - did you know that americans that bought gold in 2005 quadrupled their money by 2012? and even now, many experts predict the next gold rush is just beginning. so call u.s. money reserve, the only precious metals organization, led by a former director of the united states mint. as one of the largest u.s. gold coin distributors in the country, u.s. money reserve has proudly served hundreds of thousands of clients world-wide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now, it's easy to get started. pick up the phone right now, call to receive the complete guide to protec

melissa: here now to discuss is dan henninger from the "wall street journal." he is also a fox news contributor. dan, you know i don't blame some of the big banks being reticent right here. i remember last time around in the finance hal crisis jpmorgan did not need to take money from the federal reserve. they said everybody do it so no one has a stigma. then later he was punished by the public especially saying oh, you got a bailout from the government. now they're saying hurry, quick, hand out money. i'm surprised take a breath, look at the rules, verify what is going on here what are your thoughts? >> i basically agree with you on that, melissa. we cannot disconnect ourself despite the crisis we're in with the banking industry is most heavily regulated industry in the united states going back to 2008. weapon got the passage of the dodd-frank bill after that which was a poorly written piece of legislation. don't forget as well, you had the wells fargo scandal. we all remember what happened to the ceo and other executives of wells fargo when they were pulled bef

paul gigot and columnist dan henninger.ul, we just talked about state spending, what do they do, you have to pay the firefighters and the police officers and not just the corporations. paul pull well, of course, he's got to -- he's already received i think 4, 5 billion from coronavirus aid. he's received another 6.7 billion or so by one estimate i've seen from medicaid. he got another billion and subways are getting 3.8 billion in new york. so it's not as if the taxpayers around the country have been chintsy and the question is does he get more or a blank check or does he have to do readjustment of his own budget which so far the state simply hasn't done and none of the states around the country that have demanded money have done. it's got to be a two-way street and if they have going to get more money i think they'll be strings attached to it. reform strings and belt tightening in the state itself rather than just say, okay, please write us another check and the states want $500 million more which is an extraordinary amoun

dan henninger wrote about it.bsite and said basically if the president can show she's rallying the nation and rebuild the economy, reframing all of this saying, i've built the greatest economy the country has ever seen but the virus took it down, i'm the one to build it back. he can make that case and he can rally the nation, these potential third-party bids and maybe even joe biden won't matter that much. it's in the president's hands. ainsley: yeah, where would the progressive voters go, would they go to biden or jesse. exactly. you have a new book coming out about your sister. tell folks about it. ed: i wanted to do it here because tuesday when we did -- july last year, a lot of people asking me about my sister and she's doing great and the book is saving pauline and available in barnes & noble, you name it, you pulled me through this. pete on the couch, the book carries sunday to sunday. if you don't remember i donated part of my liver to my sister. she had a liver disease. the book is how she's a real hero. s

in the next hour "wall street journal's" dan henninger is with us. battle, president trump versus speaker pelosi. we're all over this story on oil. we've got it for you, coming up after this. refinance when mortgage rates drop. . . . there's no income verification, no appraisal, and no out of pocket costs. one call can save you $2,000 a year. refi now. 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. stuart: the market has been up for most of the day, a nice boost just a few minutes ago when we received this tweet from the president, it is about oil but it moved stocks. just spoke to my friend in bs, crown prince's saudi arabia who spoke with president putin of russia and i expect and hope that they will be cutting back approximately 10 million barrels of oil and may be substantially more which it happens, will be great for the oil and gas industr

. >>> dan henninger is with us. after all, it is thursday. editor. the title of his article today, "how we'll live with coronavirus." dan, i think you expect us, americans, to bust out of these stay-at-home rules eagerly. i think that's what you're saying in your piece. >> well, something like that, stuart. not just eagerly but inexorably. it has to happen. look, human beings have been around for millions of years. we have learned a certain kind of social behavior and we have been living through a very abnormal period with coronavirus. we have had to think about it every day of the week as a kind of unstoppable plague. well, we took the advice of anthony fauci and the medical experts and we did the lockdowns and the idea was to create space for the hospitals, not to crush the hospitals, but to get past the peak to the point where we would have renewed hospital capacity. we are getting at that point now, stuart. so i think you're going to see just a rising tide of human beings in the united states trying at this point to restore social and econ