wolfgang puck, i want to go to first.ust give us a overview for people following us closely, what this moment has done for the restaurant business. >> yes, the restaurant industry is the largest employer in america. we employ 15.6 million people. a lot of them become a full-time, or whatsoever. over a billion dollars to the economy. i think it is so important we all have insurance. how are we going to continue with no work for so many people? you know, it's really a tragedy to have so many people out of work, not getting their money. i mean, we are trying to feed our employees in our restaurants so they can come by and get some food. we do little takeouts. but it has affected millions and millions of people. i think the insurance companies are wrongfully denying business interruption coverage for all of our businesses. >> tucker: so, thomas keller come i think most people, when they watched restaurants shut down, didn't understand that they were watching the country's biggest private sector employert down. what is your gu

puck wolfgang puck is a. great restaurant tours you know as is eon george and thomas keller and daniel bellew and other leaders in the restaurant business which has been probably one of the hardest hit industries i have directed my staff to use any and all authority available to give restaurants bars clubs incentives to stay open you're going to lose all these restaurants and they're not going to make it back and they have to get going so what i'm doing is i'm going to tell. secretary minucci an and also our great secretary of labor you know very well to immediately start looking into the restoring of the duct ability of meals and entertainment costs for corporations that set the restaurant business back a lot when it was done originally and then done not so long ago and we're going to go to deductability so that companies can send people to restaurants. i think will have a tremendous impact and maybe keep them open and don't forget some are closing right now despite the fact that they could be open in the no

tryof the things we really to do is keep socially distant from wolfgang munchau.m somewhere in the united kingdom and we are thrilled he could join us. essay wasyour blistering on germany and stimulus. april -- you take it ecb.00th percent of the wolfgang: the ecb has a different view reported by a policy decision yesterday and most of the effect is through remarks by the president. the governments are not doing much. italy is acting because it has no choice and for the other moment countries are waiting until the crisis gets worse and i presume they will do something, but usually it will be too little too late. tom: that is the heart of the matter. you have been using the word "delusion" to speak of the politicians. what do they need to do today to get through the weekend? there is anticipation of a fed gdp seemsut 8000% of like the politicians are not attuned. are they delusional? wolfgang: it is an ideological predisposition in germany to stick to the artificial target of a small fiscal surplus. there is nothing in the european or german law to compel them. for

today i spoke with wolfgang puck. wolfgang puck is a great restauranteur as you know,s is a john george, and thomas keller and daniel balou and other leaders in the restaurant business, which has been probably one of the hardest hit industries. i have directed my staff to use any and all authority available to give restaurants, bars, clubs incentives to stay open. you are going to lose all of these restaurants and they are not going to make it back. they have to get going. so what i am doing is i am going to tell secretary mnuchin and also our great secretary of labor who know very well to immediately start looking into the restoring of deductibility of meals and entertainment costs for corporations. that set the restaurant business back a lot when it was done originally, and then done not so long ago. and we are going to go to deductibility so that companies can send people to restaurants. i think it will have a tremendous impact and maybe keep them open. don't forget some are closing right now despite the fact they

today i spoke with wolfgang puck. wolfgang puck is a great restauranteur, as you know, as is jean george and thomas keller and daniel balance you and leaders in the restaurant business, which is probably one of the hardest hit industries. i've directed my staff to use any and all authority available to give restaurants, bars and clubs incentive to stay open. you're going to lose all these restaurants and they're not going to make it back. they have to get going. so, what i'm doing is i'm going to tell secretary mnuchin, and also our great secretary of labor, who you know very well, to immediately start looking into the restoring of the deductibility cost of meals and for corporations. that set the restaurant business back a lot when it was done originally and then done not so long ago, and we're going to go to deductibility so that companies can send people to restaurants. i think it will have a tremendous impact and maybe keep them open. don't forget, some are closing right now, despite the fact that they could be op

i know wolfgang and the ft have discussion on the importance of this.t is the power that the smaller nations have? what is the so-called power in negotiations that they have with germany, the never learns -- the netherlands, and austria? peter: well, one of the things you have seen before, if follow the playbook of the previous crisis, you might be able to resolve the crisis in the here and now, but we have backlash after. i guess we do not want to sort of go through that again. one of the things that occurs, for instance, quite a significant amount of the financial support going through, the northern europeans are now taking patients from the stress, countries from the south, they are flying them over. so you see these types of things. but they are trying to be proactive. again, when it comes to the jointof money and issuance, i think ultimately it will be exactly the same as it was in 2012. not going to happen. tom: do you suggest that europe has the taxing capacity to take presumed deficit coming our way? there is a belief in america that we can tax

today i spoke with wolfgang puck. wolfgang puck is a great restauranteur, as is thomas keller, other leaders of the restaurant business, which has been probably one of the hardest-hit industries. directed my staff to use any and all authority available to give restaurants, bars and clubs incentives to stay open. you will lose all these restaurants, and he will not get them back. so what i'm doing, i'm going to tell secretary mnuchin and also our great secretary of labor, who you know very well, to immediately start looking into the restoring of deductibility of meal and entertainment costs for corporations. that set the restaurant business back a lot when it was done originally, and then done not so long ago, and we're going to go to deductibility so companies can send people to restaurants. i think you will have a tremendous impact, and maybe keep them open. don't forget, some are closing right now despite the fact they could be open in the not too distant future, we expect that, but there are some that aren't going

today, i spoke with wolfgang puck. john george, thomas keller, leaders in, other the restaurant business, which has probably been one of the hardest hit industries. i have directed my staff to use any authority to give restaurants, bars, clubs incentives to stay open. they have to get going. secretary,to tell also great secretary of labor, -- looking into the deductibility of meals for corporations. set them back a lot when it was done. i think it will have a tremendous impact and maybe keep them open. some are closing right now despite the fact that they could be open in the not-too-distant future. at thegoing to look restoration, the deductibility of meals and entertainment so that they can send people to restaurants and take a deduction like in the old days. the financial relief bill i signed on friday provides historic relief for american workers and small businesses, and includes $350 billion in job restoration and retention. if you look at job retention loans for small businesses, that is a big deal with loans av

. >> andrew, the other day the president in this press conference was talking about speaking to wolfgang puck about maybe giving them some tax relief regarding, you know, corporate expense accounts. what was he talking about? >> he was talking about trying to get more business people, when you think business people will be able to go back to business to go to a restaurant and get a tax deduction for that. that deduction was partially removed in the last tax plan. i'm not sure that's ultimately going to be the solution. what tom is talking about is probably much more in line with the real issue at hand which is that the small business loans that are being given out or will be given out effectively only are forgiven if you keep 90% of your workforce on. if you say, okay, in several months from now, i am still not going to have my business up to -- up and running at a 100% throttle, if you will, because i'm going to have to social distance and separate. in china right now you're seeing people are eating at one table and then an empty table and another table and an empty table and they're fo

today i spoke with wolfgang puck. he is a great restauranteur as you know as is thomas keller and other leaders in the restaurant business, which has been probably one of the hardest-hit industries. i have directed my staff to use any and all authority available to give restaurants, bars, clubs incentives to stay open. you are going to lose all these restaurants, and they are not going to make it back, or they have to get going. so what i'm doing is i'm going to tell secretary mnuchin and also our great secretary of labor, who you know very well, to immediately start looking into the restoring of deductibility of meals and entertainment costs for corporations. that set the restaurant business back a lot, when it was done originally and then done not so long ago. and we're going to go to deductibility so company cans send people to restaurants. i think it will have a tremendous impact and maybe keep them open. some are closing right now, despite the fact they could be open in the not-too-distant future. we expect that

puck, a with wolfgang great restaurant tour, as is thomas keller and daniel ballou and other leaders in the restaurant business which has been one of the hardest hit industries. i've directed my staff to use any authority available to give restaurants, bars, clubs incentives to stay open. going.ve to get what i'm doing is i'm going to tell secretary mnuchin, also are great secretary of labor who you know very well to immediately the restoringinto of deductibility of meals and entertainment costs for corporations that set the restaurant business back a lot when it was done originally and not so long ago. we are going to go to deductibility so that companies can send people to restaurants. it will have a tremendous impact and maybe keep them open. some are closing right now. despite the fact that they could be open in the distant -- in the not-too-distant future. there are some that are not going to be opened and we want to make sure they do so we are going to look at the restoration , restoring the deductibility of meals and entertainment costs so that corporations can send people to

today and the german fiscal stimulus according .o wolfgang is 0.008% i don't even know what that is inntific notation. what do you need to hear from adam lagarde and her team this morning? what do they do to show leadership? marcus: i want to hear that she has met -- she has met with merkel and macron. there is something coordinated going to come out because of the ecb thinks they can wait until point cuta 10 basis would make things worse not better. if they have a package of events along with fiscal response, the u.k. is about a deal on wednesday, almost certainly, maybe we can look at this as worryn localized areas of and the rest of the market -- the rest of the market will move on well. tom: karen ward, thank you so much and lupin rahman, always. i want to show this chart. we are showing a number of charts showing the massive moves in the market, this is the german ten-year and two-year. the two-year down to record low, almost -1%. -0.93%. this abruptness in the way they have come together shows the nature of the crisis. let's go back to the data. limit on the futures, we are getti

brandon chrostowski received the silver plate award this month a h hon-- an honor he shares with wolfgange was granted years ago. we visited with him last summer. >> who's on burgers -- >> reporter: at edwin's restaurant in cleveland -- >> did you start rocking -- >> reporter: the only thing more important than turning out the finest food and wine -- >> wow -- >> reporter: is turning around the lives of its employees. did you order? take a look -- >> reporter: brandon chrostowski is the man in charge. >> sit back, enjoy. >> reporter: two decades ago, he was a boy in trouble. you were dealing drugs. how old? >> uh-huh. 18. >> reporter: what happened? >> we got caught up in a little thing, and police came. we all left. >> reporter: you took off? >> took off. >> reporter: he found himself in front of a forgiving judge. >> the charge i carried was five to ten years in prison. >> reporter: why didn't he do that? >> i think there's two reasons. the color of my skin and the grace of god. >> reporter: given probation instead of hard time, he caught on inside a kitchen in his hometown of detroit.

today i spoke with wolfgang puck.e is a great restauranteur as you know as is thomas keller and other leaders in the restaurant business, which has been probably one of the hardest-hit industries. i have directed my staff to use any and all authority available to give restaurants, bars, clubs incentives to stay open. you are going to lose all these restaurants, and they are not going to make it back, or they have to get going. so what i'm doing is i'm going to tell secretary mnuchin and also our great secretary of labor, who you know very well, to immediately start looking into the restoring of deductibility of meals and entertainment costs for corporations. that set the restaurant business back a lot, when it was done originally and then done not so long ago. and we're going to go to deductibility so company cans send people to restaurants. i think it will have a tremendous impact and maybe keep them open. some are closing right now, despite the fact they could be open in the not-too-distant future. we expect that bu

if you remember when the president spoke sunday he said he spoke to wolfgang puck and daniel ba lulewdg things back to the way they used to be. people can deduct those, expense them. what the president is talking about, rules where you can entertain people, where companies can and spend more than $100, well that would impact huge, fancy restaurants, but the mom and pop establishments that you're talking about, when you think about all of those people who are losing their retail jobs, these problems are real and they're not going to be solved overnight, and one other point i want to make is when the president signed that bill into law, he added a statement, which basically makes things more hazy around corporate oversight. remember when there was that pushback that steve mnuchin treasury secretary would have that $500 billion essentially slush fund to decide which corporation, which industry they were going to bail out and then said, well, put an inspector general in, have real oversight. the president had an additional signing statement that basically said, i'm signing this bill but th