today, that river of money is running dry. >> mary barra: the design... >> o'donnell: mary barra is c.e.o. of gm, the first woman to run the company in its history. has covid-19 proved to be an existential threat to gm's long- term health? >> barra: between the strength of our balance sheet with the steps we've taken in the past, we will get through this and we will learn a lot of lessons that we'll apply. >> o'donnell: i mean, what's the long-term prognosis for-- for general motors if you're not making cars? >> barra: no one knows-- when things are going to get back to what i refer to as a new normal. i've heard others refer to it as the new abnormal. >> o'donnell: in the "new abnormal," gm and ford have each tapped into about $15 billion in private lines of credit to pay their bills. one estimate is that ford is burning through $165 million dollars a day. remember, it was just 11 years ago, in the last financial crisis, that gm declared bankruptcy. ford avoided that, but did get a $6 billion government loan. so do you think you'll need another loan to get through this crisis? >> ford: w

mary barra, obviously being ready to produce ventilators -- we're ought on the list. even the mafia helped the fbi. will the market continue to believe there is going to be an opening, that it's substantial enough that the economy is recognizable for people who were around in 2019? unfortunately, i think the market is starting to come around for the conclusion, looking at the way the numbers are reacting this morning, the empire state manufacturing, so i think that the market's coming around to this idea that, yes, we will reopen, it will be slow, staggered, super-weird, and i think the enthusiasm is starting to come out as we speak right now. >>> gentlemen, thank you so much. you definitely got us smarter in the past few minutes. >>> tune in tonight, because we're answering your questions at 8:00 p.m. eastern, it will also by on the streaming service peacock, which launching today. >>> coming up next, how close are we to a meat shortage in this country? we'll talk about food insecurity and how it's being impacted about by the coronavirus. and how it's being impacted

mary barra, ceo of general motors is there. they put this together in seven teen days.credible. they are making 500 ventilators at the plant. he is talking to the workers on the ground there. if he makes any news we'll bring it to you here on fox business. >>> speaking of the coronavirus, you can now order your own coronavirus antibody tests from quest diagnostics. jackie deangelis went through the process. i cannot wait to hear about this. jackie, it is like the thing you have to have, forget shoes. reporter: just a few weeks ago, including the antibody tests active covid tests they were not accessible the way they are now. that is so important in terms of reopening states, getting people back to work. when it comes to antibody tests the latest one is from quest diagnostics. what is clear, consumer initiated test. sign on line, give information, do a questionnaire. you do the blood work done. what is interesting there is tests where they actually draw blood from the arm or pinprick your finger. those were use the internationally. they were not that great. these blood t

but i tell you, mary barra said it to me an hour ago. said the president wants to reopen the country. if he does, you're going to go full bore if you get the green light? she said no, she is going to do what they did when they shut down, lean on the health experts. that's all the business people have done. >> kristen welker, i got to think, it's interesting, it was only three weeks ago that the president did an event that had the ceos of walmart, target. it was an impressive group of executives. he announced this high level website that was going to make it so easy to find testing sites and go to target and walmart were going to be offering up their parking lots to create this amazing drive-through testing an rpparatapparatus. obviously we know that went nowhere. one would assume a lot of other ceos saw those ceos on that dais and thought i don't want to be involved with something the federal government can't deliver. >> there is no doubt about that, chuck. and init does cut both way, because there are also concerns about potential confl

mary barra said the first batch just rolled off the indiana assembly lines. >> i have to think this isne for the record books. it really is the cooperation between the ventec team, the g.m. teams, the engineering specialists. >> reporter: the virus toll is heavy for essential workers. in new york city at least 59 transportation workers, 23 members of the n.y.p.d., and five members of the f.d.n.y., have succumbed to the virus, including e.m.t. gregory hodge, a 24-year veteran of the department and 9/11 first responder. but 30-year-old daniel spano is evidence the virus does not discriminate. >> i thought i had my son forever. i'm just so devastated. >> reporter: spano was a fitness trainer in perfect health when he got infected. >> he called my parents, and he was like, "i can't, i can't, i can't--" and my mom was like you can't what? and he said, "i can't breathe." at that point my dad went to go to his apartment and on his way called an ambulance for him. >> reporter: he died without any of his family by his side. >> we had to say goodbye to him through an ipad. my brother, my baby br

mary barra.le most continue to work from home, both companies have retooled their factories to make ventilators and protective equipment instead of cars, all while figuring out new ways to keep workers safe on the job, like those on the line at the g.m. plant in kokomo, indiana. many of those working in kokomo, mary, told us they get their temperature taken before they go into work? is that going to be the new normal in american manufacturing? >> yes, it will be. before i walked into this facility today i had my temperature scanned. i think it's a very important part of the protocol. >> how are you doing? >> good, how are you? >> in the plant i'm in today, we're wearing face masks and we're wearing face shields. >> reporter: ford also has installed plastic barriers between each work station to enforce social distancing. >> everybody is also wearing watches that buzz if you get within six feet of somebody else. >> o'donnell: that's the first i had heard about these wristbands that buzz when you ge

indiana to interim time which is to say as fast as possible as the president mentioned he spoke to mary barra today the c.e.o. of g.m. that is moving forward at the same time as the 4 project is moving forward in ross and bill michigan and i've issued a challenge to those 2 companies aleph or versus ferrari this is ford versus g.m. let's see who gets those ventilators out 1st now the 2nd point of the compass which these 2 orders addressed today is this allocation of resources issues the ventilator companies themselves. expressed concern that in this rush to build ventilators there were 3 pressure on that supply chain so would say they requested that we do in the president do this they use the d.p.a. to give this gentleman here is one of the strongest gentleman world terms of applying things is to give him the ability to prioritize that supply chain for those better ventilator manufactured and he will do things like give them what's called the d o rating in the defense procurement which will allow them to get what they need now the 2nd order which the president signed today. has to do. with th

on "60 minutes" last night, norah o'donnell asked general motors ceo, mary barra, whether the diseasence sheet with the steps we've taken in the past, we will get through this, and we will learn a lot of lessons that will apply. >> what's the long-term prognosis for general motors if you're not making cars? >> no one knows when things are going to get back to what i refer to as the new normal. i've heard others refer to it as the new abnormal. >> cbs news business analyst jill schlesinger joins us to discuss this. i like that, jill. the new abnormal. i think that's a good way to describe it. so what are you hearing from business leaders about the ways various industries are going to be impacted by this pandemic? >> there's basically three distinct phases. i'm calling it t3. triage, what we just have gone through, everyone throughout the old playbook. there was no playbook. how we were adapting. it was done on the fly. the net triage is really important because now many business owners are entering the second phase -- transition. so triage to transition. this is where many comesre ying

as the president mentioned, he spoke to mary barra, the c.e.o. of g.m. that is moving forward. the ford me time as project is ventilators in kokomo, indiana. rossenville, michigan and i challenge to those two companies, ford versuser if rar -- ferrari, this is ford versus g.m. who gets the order out first. and now we talk about the allocation of resource issues. the ventilator companies themselves expressed concern to build his rush ventilators, there would be pressure on that supply chains. so, they requested that we do, the the president do, use d.p.a. to give this gentleman here who's one of the strongest in the world is to ability to e prioritize that supply chain for those ventilator manufacturers and he will give that's called the d.o. in the defense procurement which will allow them to get what they need. now the second order, which the has to nt signed today do with the other part of the which is once we make go to?uff, where does it and this is a 3m order. several days t we've had issues making sure production that 3m does around the world, back here to ing the right p

i just spoke to mary barra of general motors.he said they are very soon going to be ready to start production of the ventilators and a lot of ventilators that they've have committed to build and they'll be starting very quickly. fema continues to deliver resources to areas most affected by the virus, including new york. on top of the 3,000 beds we are already providing to the javits center, the department of defense is adding another 40 icu beds. governor cuomo has asked this facility go. it's a big, beautiful facility, it be converted to a covid hospital and we hadn't done that yet. we hadn't thought in terms of doing that, but their use is their real demand is for that. and we had meetings on it with the task force. we had meetings with the military. and i've decided to say, yes, i am going to do that, that i will be signing and agreeing to a yes answer so that we will be doing that and also we will be staffing it so the federal government is doing a lot of things that wasn't >>> in is a 2,500 or 2,900 can easily be set up hosp

as the president mentioned he spoke to mary barra today, the ceo of gm. that is moving forward. at the same time as the ford project is moving forward in rossenville, michigan. i issued a challenge to the two companies a la "ford v. ferrari," ford versus gm, we'll see who guests ventilators out first. the resource issues, the ventilator companies themselves expressed concern in this rush to build ventilators there would be pressure on that supply chain. so what they requested that we do and the president do is to use the dpa to give this gentleman here, one of the strongest gentlemen in the world in terms of applying things, give him the ability to prioritize that supply chain for those ventilator manufacturers and he will do things like give them what's called the do rating in the defense procurement which will allow them to get what they need. the second order which the president signed today has to do with the other part of the equation which is once they make the stuff, okay, does it go to the right folks and this is a 3m order. to be frank, over the last several days we hav

just spoke to mary barra of general motors.d that they are very soon going to be able to start production of the ventilators. they have a lot of ventilators they have committed to build. and they will be starting very, very quickly. fema continues to deliver resources to areas most affected by the virus, including new york. on top of the 3,000 beds we are already providing to the centers, the department of defense is adding another 4800 icu beds. governor cuomo has asked that the facility go, and it is a big beautiful facility, a be converted to a covid-19 hospital. we had not done that yet. we had not thought in terms of doing that. but their use is the real demand for that. and we had meetings on it with the task force. we had meetings with the military. and i decided to say yes, i am going to do that. that i will be signing and agreeing to a "yes" answer. we will be doing that. and also, we will be staffing it so the federal government is doing a lot of things that was not anticipated that a do. this is a 2,500, and or 2,900

scintillating conversation and razor sharp coverage, the pictures of mike pence with the head of g.m., mary barra factory floor, kokomo, indiana, and now the chair of the white house coronavirus task force has worn a mask in public. >> yeah, so, you know, it never ceases to amaze me how driven every single step and every single action that the president and vice president take are by the press coverage. he's not wearing a mask because his test was different. i'm sure it was negative as it was the day he went to the mayo clinic without a mask. he's wearing a mask today because the press coverage was, you know, on the spectrum from scathing to mocking that he wasn't wearing one. so they have proven response to the press coverage yet again. i did catch something phil rucker said and i'm struck by the reporting and the rationale for taking the presidential package which is i think what you were getting at in your question to phil rucker. it's thousands of people involved in a presidential movement. the only exception would be otr when no one knows he's coming but he's announced on live tv that he's c

mary barra with some eye opening remarks about how they came to alter their production process to pivot towards ventilators so rapidly. take a listen. >> between the strength of our balance sheet with the steps we've taken in the past, we will get through this, we will learn a lot of lessons that will apply. >> what's the long-term prognosis for general motors if you're not making cars >> no one knows when things are going to get back to what i refer to as a new normal, others refer to it as a new abnormal. >> so today, jim, suspending the dividend, buybacks, extending credit facilities, significant austerity measures to preserve cash >> this is another one like ford where it's a part of the market that used to be very big that you can't own. they are beating cars -- i just find when they suspend the dividend, it crushed the banks when they did that if you suspend the buyback, people just shoot against it i don't know i'm looking for the investment case against gm and i have not found it versus baxter, versus thermo fisher, companies involved in the process of trying to make sure our li

mary bara saying it is a mess when she is in charge. we are told the president never reached out to march a barra that didn't happen the president has been making nicer noises about gm in the days since then. 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