rubio: so as dr. collins and i and the group have been working on -- senator: sendai in the group have been working with as well as bipartisan partners we have talked about for a couple of weeks about it. i think there is broad general agreement that small businesses in this country will not be able to survive unless there is extraordinary assistance. and so the idea behind the proposal that we are finalizing now is the idea of how can we transfer money as quickly as possible to help small businesses meet payroll and operating obligations for a time roughly equivalent to six weeks? and the idea is basically to use small -- community thinkers and the banking industry in general, -- bankers and the banking industry in general, those who are approved do that kind of activity now, and any other financial institutions who the treasury apartment allows to participate. that would basically allow small businesses to go get money in the amount equivalent to what their payroll and operating costs are for a time

rubio: reboot -- sen. collins: some of the family that are in the bill we just approved and i voted for it, are difficult to administer. for reasons that i do not understand, they do not apply to large businesses, those over 500 employees. proposal willur be very effective in ensuring for jobs are there employees once the crisis ends. them -- thenize the importance of family leave and medical leave to take care of those exposed to the coronavirus . peopleill be far more affected by this crisis areomically than those that effective from a health perspective. bothe concerned about groups, let me make that clear. if you're using it for payroll, a real-world example, this requirement, there might be a gap in time. you use the money for the loan to pay their salaries for that time. it is forgiven. the answer is yes. they will have access to funds that allowed to keep payroll for around estimated six weeks. whether or not they avail advancees of potential the theory is if they are using a tax benefit for some po

senator rubio: thank you. before we conclude, i have a of sort of observations points.nt to list first, let me begin by saying, 'm a big believer in capitalism. i am a big believer in free markets. one of the reasons i am is a -- it believe it is provides, for the most, the most sufficient allocation of capital productive place. however, there are times in hich the most efficient allocation of capital does not align with our national interest. in which it times doesn't align with our national interest, it's incumbent upon policymakers to make adjustments. that.are now facing for many months and years we've been making this conversation talking about this in conversation with people nd the answer always was that either the problem never existed this of being a rejection of the market. it was theoretical. longer theoretical. we have the source just in the ealth care and medical field a market decision that it was more do it nt that you can with lower costs, despite transportation, everything else, things ade the

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also joining us senator tim scott along with senator marco rubio joining me as well on china's handlingthe coronavirus and intel ranking member congressman devin nunes. breaking news on pending lawsuit against the washington post and react to the president's peace deal with the taliban, all of that right here on sunday morning futures. ♪ ♪ maria: all that ahead but first the united states has put new travel restrictions in place as the first coronavirus death here is confirmed. a new case is also confirmed in chicago and the white house is planning for possible shortages of some key drugs and medical components. vice president mike pence tapped by president trump to lead the response tells me the risk to most americans still remains low. let me ask you about the news, the important news this weekend and, of course, you have lifted travel restrictions from parts of italy, parts of south korea, iran. >> right. maria: how are you going to enforce this? >> we use section 212f with china to suspend all travel back to the united states by noncitizens or legal residents and the president is us

senator rubio and i have been working with our colleagues and the secretary of the treasury to devise a plan that would help our small businesses survive this crisis and ensure the people they employ continue to get paychecks. every day, i am hearing from small businesses in my state that are on the verge of going under. the hospitality industry in particular, the restaurants, the b&bs, the gift shops, the small hotels are being adversely by the virus. not because their employees are afflicted with it, but because their business has totally dried up. lost over 84maine timevations in one day's due to the cancellation of classes by a local college. businessesmake sure that otherwise would be thriving and doing well make it through this pandemic that we are enduring. we want to make sure their employees make it through this pandemic and when this crisis is over, we want those employees to be able to come back to work at those small businesses. if we do not act to help the small business sector, i predict andill see massive layoffs an inordinate number of small businesses shuttering their

earlier today rubio and collins held a news conference on their proposal for the economic stimulus provisions for small businesses to be included in the phase three coronavirus aid package. this is 20 minutes. >> says senator collins and i in the group here have been working, as well as the outrage with our bipartisan partners that were even talking to now for couple weeks about it, think there is broad, general agreement that small businesses in this country will not be able to survive without external assistance. the idea behind the proposal we are finalizing the now, is the idea of how can we transfer money as quickly as possible to help small businesses meet payroll and operating obligations for a period of time, roughly equivalent to six weeks. the idea is, to basically use small community bankers, banking industry in general, those who are approved to do that kind of activity now through the southern aid program it's pre-existing, and any other financial institutions through their treasury department and approves to participate. that would basically allowed small business to go and get

the siu will leave the program and take you live to a news conference with senator marco rubio and susan collins on the coronavirus it package. rubio: as well as the outbreaks with bipartisan partners we have talked about for a couple of weeks about it. i think there is broad general agreement that small businesses in this country will not be able to survive unless there is extraordinary assistance. the idea behind the proposal we are finalizing now is the idea of how can we transfer

that makes me -- i would like to see a republican party led by holly and rubio.ink it is quite possible that the future of the republican party is an endless battle to the death between don junior and ivanka ken stead and we should all be prepared for that eventuality. steve went to some of the response though it is a no i mean that can't solve the decadence that you are describing here right? the convergence of factors that you are describing is outside of our controllers on what limiting principles on ingenuity and what can we do that seem to be beyond our capacity to form policies. >> i will be more optimistic than that my basic assumption is to really get us out of decadence, just sort of the rubio esco approach is not sufficient and you need something more disjunctive of that something more dramatic development that we are looking for some innovation that even now being prepared that will sort of push radical change some religious revival that cannot be engineered from above. in that sense the answer is no, my expectation is decadence takes more than just po

. >> thank you very much for an interesting presentation and word is apropos senator rubio on - - rubioke at this university and it is common good capitalism and the virtues of that decadence notwithstanding. how does that fit in is that of the possible alternative that resists the excesses with the redistributionist thinking of the left? >> yes. full disclosure it with some version of that. and with senator rubio to put more policy meet with the trumpe populism. i am very interested in that and i have been goingd back and the virtues of the program with those specific features as decadence. so it attempts to contain the policy to push back against sterility and decline and it with the industrial policy and funding for research and technological innovation if not the manhattan project at least the building of t interstate highway system. so the promise of that kind of agenda if the goal is to build a real majority and not just one of these 50 plus one or 47 plus one political coalitions arguably since reagan certainly over the last ten years but the clearest way out of political decaden

to the extent there is an attempt by figures like senator rubio and senator josh holly of missouri tomore policy meet on the bones of trumpian populism i'm interested in that and i have been interested in that going back to when i had more hair and was young and innocent. i do think the virtues of that kind of program is it is intended to push back against specific features of what i'm describing is decadence. it contains within it efforts at profamily policy pushing against the turn toward sterility and demographic decline. and some version an emphasis on industrial policy and technological innovation that tries to get us back to if not the manhattan project at least the building of the interstate highway system. that -- the promise a kind of agenda too is it is a goal, to build a real political majority and not just one of these 50 plus one or 47 plus one coalition exchanged power, arguably since reagan, certainly over the last ten years, stalemate and gridlock in washington dc, one of the two political parties to figure out how to build a majority that can win landslide and rubio's

join me now is republican senator of florida, marco rubio, he joins us now.ator thank you so much for your time and thank you for being here. marco: good morning, thank you. maria: we are talking about the most expensive stimulus package ever, larry kudlow says it could top $2 trillion, can you take us behind the closed doors and tell us what the negotiations look like right now ahead of this important vote later today. marco: it is broken up into four pieces, there is a spending component, an additional spending on ventilators and other materials we need in the medical system, broken into four pieces, i have a little bit of insight into the other three although i don't want to misstate anything because they have been negotiating, the ones that i have been negotiating and the ones i been involved in an leading negotiation is a sector involved small business, we're talking about businesses with 500 employees or less. and what that would mean for them, on this we have a very strong general agreement that they will be able to go to a bank or lender even an onlin

marco rubio made his pitch last night. >> the basic gist of it is, use private individual banks at the community level along with the bigger banks to get cash rapidly into the hands of small business. if they use that money to make payroll for the next six weeks or so, and their other expenses of just staying afloat, more importantly the payroll, they will not have to pay that back. they will be forgiven. >> what else are you hearing, maria? what other options are on the table for small businesses? they are the engines of our economy. >> you're absolutely right, sandra. we do need more moves involving small business. as part of the stimulus plan that's coming out of the white house is the paid sick leave. so this is hitting small business hard. they are afraid that even after the crisis is over, they are not going to be able to take back the paid sick leave. that paid sick leave is happening for two reasons.

senator rubio: thank you for your testimony. i call on gerald anderson, director of hell policy and management and professor of international health at johns hopkins bloomberg school of public health. senator cardin: he's also director of the johns hopkins enter for finance. dr. anderson: i have been a professor at johns hopkins school of public hell for the last 37 years. let me tell you my greatest fear of coronavirus. yesterday i went to the local grocery store. tonight i'll go to the dry cleaners. and maybe go out to dinner with my wife. my greatest concern is people in small businesses will go to work with coronavirus. the shopkeeper will want to keep his business open because they don't have the funds to keep the office closed for 14 days. the worker will not realize she has coronavirus because she probably doesn't have sick leave. the uninsured worker won't have the $200 or so that's necessary for the coronavirus test. remember, 10% of americans are uninsured. and they are most likely to be working in small businesses. so

repayments on wednesday florida senator marco rubio introduced a proposal that would allow banks to lend small businesses the money they need to survive florida. senator rick scott who spoke to us from self quarantine this week agrees congress should focus on small business. >>white people. they're clearly impacted by this time, i'm not to let the companies. >>responsible the senate bill appears likely to support big business as well notably the airline industry which has virtually ground to a halt because of the virus i think will be here for another couple of days democratic alabama senator doug jones says the plan that's coming together is likely to inject $1 trillion directly into the economy. he says as congress takes drastic action everyday americans need to pitch in as well by following instructions to stay home. if we can stop the spread of this virus, then we minimize the damage the economy and we can recover a lot easier. >>that was coming my reporting as of right now senators plan to work into the weekend on

( laughter ) >> trevor: why is senator marco rubio telling us to call senators? work there, bitch, tell them yourself! we have stuff to deal with! ( applause ) they can just vote and time goes back an hour? it's good thing i'm not a senator because i would be proposing these bills every day. i always want to change time. five times a way i would be on instagram saying hey, guys, the apple genius boss can't see me to 3:00 p.m. get my phone fixed. you're up next! thanks, guys, you are great. let's move on to the top story. ( cheers and applause ) the coronavirus, it's not only a global pandemic, it's also everybody's new excuse for canceling plans. which reminds me, dave, i can't go to your birthday party, i might have coronavirus, and i also find you very annoying -- ( coughing ) ( laughter ) the question remains, how serious is this viral threat going to get? let's check in on the latest development in our ongoing sceght "is this how we die? " ( cheers and applause ) outside of china, one of the country's hardest hit by the coronavirus has been italy. corona case

national defense university, senator rubio spoke at this university and also spoke at my university aew months ago and he's promoted the term is common good capitalism and the virtues of notte withstanding -- >> right. >> how does that fit in? iss that a possible alternative that's proposed that resist excesses of the finalized thinking of the right and the redistributionist thinking of the left? i'm curious on your thoughts. >> yeah, full disclosure, i, you know, with caveat basically support some version of that kind of program, right. to the extent there's attempt of figures like senator rubio or josh hawley of missouri to try to put more policy meat on the bones of populism and i do think the virtues of that kind of program, yeah, it's intended to push back against specific features of what i'm describing as decadence and so it contains -- it tends to contain efforts on profamily effort policy to try to push back and demographic decline and includes in some versions emphasis on industrial policy and funding for research and technological innovation that tries to sort of get us bac

that was marco rubio's last stand. his alamo as it turned out. he was driven from the race. donald trump has a place down there, but he was not a floridian. and he won in florida and essentially ended it. by winning in florida. peter: ted cruz that same night in 2016 won alaska, oklahoma, and texas. while marco rubio won minnesota. carl: he won a minnesota caucus. but you can win a bar bet. there's state he won a primary in. here's a hint. it is not a state. peter: american samoa. carl: puerto rico. my son lives in puerto rico and i talked to my bosses into saying this puerto rico thing is important to rubio. so i went down and covered it. he won, but it was not important to him. peter: where were you? carl: i was with real clear politics. peter: where were you on super tuesday? carl: i was in our newsroom. we got our reporters together. it was a night where the last doubter even among the press this donald trump thing was real, that was put to rest on super tuesday of 2016. peter: march 1, 2016, here's the president on super tuesday night. [video clip] president trump: this

marco rubio won minnesota. carl: he won a minnesota caucus. but you can win a bar bet.here's state he won a primary in. here's a hint. it is not a state. puerto rico. my son lives in puerto rico and i talked to my bosses into saying this puerto rico thing is important to rubio. he won, but it was not important to him. peter: where were you? carl: i was with real clear politics. peter: where were you on super tuesday? carl: i was in our newsroom. we got a reporters together. it was a night where the last doubter even among the press corp. thought this donald trump thing was real, that was put to rest on super tuesday of 2016. peter: march 1, 2016, here's the president on super tuesday night. [video clip] >> this has been an amazing evening. already we won five major states and it looks like we could win six or seven or eight or nine. [applause] it has really been great. i want to congratulate ted on the winning of texas. he worked hard on it. i know how hard he worked actually. so i congratulate ted cruz on that win. that was an excellent win. i know it was a tough night

senator rubio, thank you very much for joining us here on cnbc first and foremost, do you believe thepass your guys' bill tomorrow morning? >> well, the indications are they're going to try, and i believe they will. i want to believe they will. i can't imagine what the alternative will be. it took too long for the senate to act, but at least it got done so i'm hopeful that they'll pass that tomorrow. i think it will be really important. >> no bill, of course, is going to be perfect, especially not one that is a, this big, b, this important and c, that was done this quickly what is the part you like most about the stimulus bill that the senate has passed and what is the part that you might like the least? >> well, look, i mean -- i would just say overall the spending of the $2 trillion that i would do over the normal course of business and this is pretty extraordinary. we have to stop ourselves and remind ourselves of what's happening here our government at every level, the cities, counties, state have told businesses you cannot function you cannot open your door, you cannot sell thing

f so first, i already mention senator rubio. i thank him for his leadership. the two of us were working together well before this week, that's why we were probably further along on helping small businesses than the other parts of this package dealing with the various economic areas. senator shaheen was a valuable member of our team. i've worked with senator shaheen on small business issuessh for a long time. she was a key player of putting together the package that we have to present to our college here in the united states senate. i also want to acknowledge senator collins. it was the four of us that were meeting regularly, communicating regularly that recommended this package that you will be shortly voting on as relates to small business. so also if i i could i would le to acknowledge members of my own staff that have worked literally 24/7. i've talked to them at various times during the night and day, and it's been very stressful for all of us, our staffs get no rest whatsoever. so to sean moore and the entire staff on the democratic side of small business

and what is marco rubio proposing to do about relations with china.ekdays from 69 and eastern with mornings with maria. we have a choice every weekday on foxbusiness. in meantime, have a great rest of the weekend everythanks muchi will see you next time. gerry: hello, welcome to the well entering wall street journal large. the world is a radically different place when this show aired just a week ago. back then, we here in america, or basically feeling only the first real effects of the coronavirus outbreak. both are my health and economic standpoint. the number of confirmed cases was storing, the stock market was reeling, and the response the president declared a national emergency. today, because the virus, our lives in a virtual standstill. cl a

ent's parents or today i spoke with senator rubio. and he and i agree that there's going to be a need for meet relief for a lot of people that dislocated by the economic effects by the covid-19 virus. i know there was a bill passed in the house. the senate is going to do a lot more, he indicated that to me. we understand throughout our state that we're going to have people in probably in the near future that will impacted by mitigation efforts that's undergoing not just in florida but worldwide. the numbers on monday for unemployment was 2.8%. we had a great year leading up to that point. this -- and i think a lot of things were going great with the economy. this is an external factor that s going to cause problems. the director lawson will stand will for floridians who need employment assistance. you may be eligible for re-employment assistance. and so if you are ordered to self-isolate by a medical professional, government agency, if you're laid off or sent home without pay for an extended period by your employer because of covid-19

and what is marco rubio proposing to do about relations with china.rt every weekday tuning right here on foxbusiness weekdays from 69 and eastern with mornings with maria. we have a choice every weekday on foxbusiness. in meantime, have a great rest of the weekend every much pride have a great sunday, go to church virtually. be good everybody. ♪. maria: good sunday morning, thank you for joining us. i am maria bartiromo coming to you today on sunday morning. is america headed toward a complete lockdown? this is the question being asked as a number of coronavirus cases across the country in our nations hospital become string, many already overrun with cases. lockdown is our is some of americans biggest states 44 million californians under a shelter in place order, new york taking effect tonight at 8:00 p.m. eastern. coming up right

seven american started sounding the alarm and senator rubio is one of them, that we provide too much easy capital in china. no accounting safeguards on their equities in our markets. our retirement funds going to buy shares in chinese companies that engage in surveillance or south china sea dredging. we are just beginning to wake up. maria: we are looking and impact on the market that has been severe and i know that $900 billion in corporate debt is due to roll over this year. that's a risk to the leverage loan market and robert kaplan is good join us to talk about that. michael pillsbury, thanks for joining us this weekend. don't go anywhere robert kaplan is next. earning on that eclair. don't touch it! don't touch it yet! let me get the big one. this one? no! this one? yes! no... the big one! they're all the same size! with freedom unlimited, you're always earning. let me get them all. i'm gonna get them all. i can't decide. you wouldn't accept from any one else. why accept it from your allergy pills? flonase relieves your worst symptoms including nasal congestion, which most pills

and what is marco rubio proposing to do about relations with china.ght here on foxbusiness weekdays from 69 and eastern with mornings with maria. we have a choice every weekday on foxbusiness. in meantime, have a great rest of the weekend every . jack: welcome to barron's roundtable we get behind the head lines to pair you for the week ahead. coming up, one of the best steps the government can take to provide an economic slowdown from becoming an economic collapse? first we begin but we think are the three most important things the investors should be thinking about right now. the markets hammered as coronavirus shuts down businesses across the country. global stocks hit bottom? interest rate cuts, corporate billets, checks americans, what is the government doing to keep the governmen america float? pharmaceuticals in overdrive yi

seven american started sounding the alarm and senator rubio is one of them, that we provide too much easy capital in china. no accounting safeguards on their equities in our markets. our retirement funds going to buy shares in chinese companies that engage in surveillance or south china sea dredging. we are just beginning to wake up. maria: we are looking and impact on the market that has been severe and i know that $900 billion in corporate debt is due to roll over this year. that's a risk to the leverage loan market and robert kaplan is good join us to talk about that. michael pillsbury, thanks for joining us this weekend. don't go anywhere robert kaplan is next. i'm your 70lb st. bernard puppy, and my lack of impulse control, is about to become your problem. ahh no, come on. i saw you eating poop earlier. my focus is on the road, and that's saving me cash with drivewise. it's surprising how the bigger a city gets... the smaller it starts to feel. which makes it even more surprising, how big it feels in here. with sliding rear seats... and more available second row legroom than say

and what is marco rubio proposing to do about relations with china. weekday tuning right here on foxbusiness weekdays from 69 and eastern with mornings with maria. we have a choice every weekday on foxbusiness. in meantime, have a great rest of the weekend every. four and a half%. we'll see where we are and we will see you monday. >> "bulls & bears" no. david: the state of california is now virtually lockdown. new york and illinois following this weekend but day five of the administration's 15 day plan to slow the spread, president trump today said he's not looking at the possibility of awful national lockdown. listen. >> i don't think so. essentially we've done it in california and new york, those are two big places, the two hardest of them all. s&p and spots in florida, too. if you look at it, problems like you wouldn't believe. so no, we are working w

seven american started sounding the alarm and senator rubio is one of them, that we provide too much easy capital in china. no accounting safeguards on their equities in our markets. our retirement funds going to buy shares in chinese companies that engage in surveillance or south china sea dredging. we are just beginning to wake up. maria: we are looking and impact on the market that has been severe and i know that $900 billion in corporate debt is due to roll over this year. that's a risk to the leverage loan market and robert kaplan is good join us to talk about that. michael pillsbury, thanks for joining us this weekend. don't go anywhere robert kaplan is next. with over 75 years of savings and service, geico is the easy choice. we could even help you with homeowners... oh! not again! oh, thanks! you know automated lights are just the beginning. pretty soon they're gonna have eyes... everywhere. well goodnight. geico. over 75 years of savings and service. instead of using aloe, geico. or baby wipes, or powders, try the cooling, soothing relief or preparation h, because your derri

this section of the overall bill where senators rubio, collins, cardin, and shaheen negotiated most of it struck me as the most bipartisan and most productive. there is so much more in this bill i could speak to. the ways in which the resources of the federal reserve are going to be deployed to help medium small businesses and small businesses -- medium businesses and small businesses. the way in which the private sector in my home state has stepped up to partner and deliver critically needed resources, whether it is to refurbish ventilators or donating surplus p.p.e. from the private sector that they don't need today or the university that has closed its research labs but makes its resources available to our hospital. there are some remarkable efforts at partnership going on in my community and around the country. but at the end of the day, we have a critical question. is this bill perfect? no. could we i am prove it -- improve it by more time here arguing with each other, offering more amendments, debating further? yes. is there something i badly wanted that did not get in this final

and what is marco rubio proposing to do about relations with china.eekday tuning right here on foxbusiness weekdays from 69 and eastern with mornings with maria. we have a choice every weekday on foxbusiness. in meantime, have a great rest of the weekend every [♪] [♪] lou david: good evening, i'm david asman in for lou dobbs. louis in self-consider lou is in self-quarantine. one of his team members tested positive. out of an abundance of caution, he and his team are taking the necessary precautions. president trump is leading the charge in the nation's fight against the covid-19 virus. his message is one of american unity, one of