tv Cavuto Coast to Coast FOX Business April 28, 2020 12:00pm-2:00pm EDT
we'll find out tomorrow morning. larry kudlow will tell us what he thinks about later on the program tomorrow. i leave you with the dow up 18 but the dow and nasdaq and s&p on the downside. a mixed market. neil, it is yours, take it away. neil: thank you very much, stuart. we're waiting to hear from the president, he is meeting with florida governor ron desantis. looking how he is helping states. it is certainly not a black and white issue. certainly no bailouts, or that the states will file for bankruptcy, something mitch mcconnell raised. president talked to reporters in the room with the governor and the president. so when he comes out of there, when the tape, when they leave that room, get us the tape i think by now you know the drill, we'll prey it back for you, all of it. blake burman on what we're learning not only about florida but other states reopening. this pace will pick up quite aggressively the next couple of
weeks to come. blake what are you hearing? reporter: it is indeed, neil. florida, you mentioned one of the states, the governor, ron desantis in the oval office meeting with president trump. we're getting notes from reporters inside of that meeting. it appears to be a little bit of a show-and-tell as the florida governor is holding up graphs and charts. the president describe i had as a news conference. you know the deal. this is one of pool sprays. the president told desantis and reporters in the room, as it relates to florida, the ability to test exceeds current demand. good news in florida. the florida governor said yesterday in a news conference in his open state, florida, for example, would be taking baby steps in his state. there would be sort of a different plan for southeast florida as it relates to the rest of the state. i asked president trump, neil, in the rose garden last night, during, during that press conference which he outlined
testing guidelines going forward, what he would look for, what data he would look for in case the restrictions need to be reimposed down the line as the states reopen. the president seemed to suggest to me that he would turn to the governors for that answer, turn to the governors for that data. i bring that up because the president's top economist kevin hassett just a little while ago again express that very same possibility. listen here. >> yes, we're definitely following every single state. we're following what their rules are. we got some aggregated social distancing data. we're looking to see how -- [inaudible]. and making sure that opening up isn't something that is causing the disease to come back. if it did, then you know, the people in in the white house would -- [inaudible] reporter: clearly, neil, one of the efforts, where they are, the white house, going to be leaning on these governors. the president with the florida governor in the oval office
right now. this afternoon, 3:00 in the white house, big event, touting the ppp which is rolling out a second batch of loans. we hear there are host of problems for those getting in line to get the applications in the process. interesting to see if the president is asked about that certainly at 3:00, maybe up coming as well currently in the oval office. neil? neil: thank you, thank you very much. blake burman in washington. by the way i think right now it is going on over the skies of manhattan. the blue angels, 12 fighter jets in all working with the air force's thunderbirds are going to be flying in multiple successions over the city of new york. it is out of respect and a big thank you to health care workers. they will then make their way down to philadelphia. this is a rare sight to see in the new york metropolitan area this has to be in sync to the second and they always are.
involves at least air force f-16 fighting falcons, half a dozen of f-18 cd hornets. they will stop in philadelphia and include new york city to start things off and then newark. the commander on the scene says we're excited to take to the skies with our navy counterparts in a tribute to the men and women putting it all on the line, making our communities safe. that, my friend is spectacular. we'll be going back to that showing you that. something like this is not seen. in fact something like this is not seen since the buy centennial celebration back in 1976. gosh, i was in high school. now let's get latest what is happening with the states reopening, beginning with casey seeing fell in texas. how they adjust to that. a slow but steady pace, right? reporter: that is exactly right, neil. the governor has been saying
that all along. this will happen in phases. he encouraged people to be respectful of that, and also patient. the biggest restrictions will be lifted in this state on monday. a lot of things get to open but there are stipulations. number one, limiting how many customers and employees can be inside a store or building at one time. 25% occupancy is the maximum for now. basically if a store can normally have 200 people shopping inside, now only 50 would be permitted. same rules apply for everything set to open, which includes museums, libraries, movie theaters, dine-in restaurants. many eateries are saying phones are ringing off the hook with many people wanting to make dinner reservations for friday knight. a large number of establishments have patio seating with tables spaced apart versus interior dining operations right now snoop i don't know how dropping
our revenue by 75% works in any circumstance. once again, will my rent be cut by 75%? will my utilities, electric, water, insurance? are my employees are supposed to work for 75% less? reporter: lot of questions there. but the open items not on the list for friday, spas, hair salons, barbers, gyms and children's summer camps. governor abbott says top health officials advised against doing that right now until the number of covid-19 cases continue to drop. right now they plan to open those in mid-may, if things are looking good. it has certainly created anger for some in that industry as they watched a handful of states already starting to lift restrictions like barbers and salons and the like. social distancing must still be followed, however, with anyone venturing out on friday. face coverings are not required. they're certainly encouraged.
neil, since this whole outbreak began, roughly two million texans alone have filed for unemployment. so lots of people ready to get back to work and get those paychecks. neil: i can well understand. casey, thank you very much. i want to take you back to the skies over manhattan right now. melinda, can we keep this up as i'm talking to my next guest here. a big thank you to the health care workers, first-responders of the metropolitan new york city area, they're very close to newark, just across the hudson river and trenton, new jersey and philadelphia. this involves the navy blue angels and air force thunderbirds. giving a very loud salute to health care workers and first-responders on front lines. the commander said this is proper thing to do. this what we do when they think of a lot of people. that is great recognition of the
people on the front lines. remember they are patriots all as well as guys flying planes. something we've not seen in the skies of new york i'm told since the bicentennial celebration in 1976. around "fleet week" they do variations, but nothing like this. for skies of manhattan, people know didn't know it was coming it has to be a bit of a shock. but it is happening right now. john lonski, as you watch this, we give reminder to our health care workers and spenders the important role they have been playing getting coronavirus under control, it is a good metaphor for a country coming back as well, slowly by surely, steadily, so far without any big incidents reopening, but in a staggered basis, that hints that, like those jets that we come back. what do you think of all of this? >> well you know, they say slow and steady wins the race. you have to be patient with the recovery from the virus. i think it is just great that we
have this magnificent display of, by those jets flying over manhattan and later philadelphia neil: you know, we are getting this on the same day all these states are slowly, but surely, opening up again. the ones getting a lot of attention right now are georgia, south carolina, tennessee, texas, alaska. in new york where they're flying over now that could be delayed at least in new york city. right now that, the, sheltering provisions in effect there will be in effect until at least the middle of may, may 15th and could go on a little bit longer. nevertheless hope springs eternal for one of the world's busiest cities that it will return back to normal. i find it interesting the cities they visit are cities by and large shut down because of this process but slowly reopening. what do you want to see in the reopenings as they begin in
ernest perhaps on the 15? >> we're looking for, once businesses reopen consumers return. i think that will be the case. we can't go back to the way things were in february or january. that is not going to happen anytime soon. if you reopen stores, you will have a limited number of customers, restaurants. you will probably have a lot of space between tables in order to keep the six-foot rule in effect. it is going to be different. many of us, go back to new york city, when that happens, i wouldn't be surprises if i'm going to be wearing a facemask for some time. again one of the props in new york city, other densely populated cities would be reluctance on part of people to use mass transit. it is hard to believe how new york city can't function without the subway system. neil: you know, i also think of crowds, you know, that are, they
look up in the sky and see something like we're seeing right now over the skies of manhattan, hundred thunderbirdse angels, saluting health care workers. people who did not know this would happen, mix of excitement and maybe panic when they see what is going on overhead. having said that it is a matter of time, but on the so-called recovery we see, are you in the v-shape, i don't know, the u shaped, "l" shaped crowd? a lot of people want to see a strong recovery? given the staggered nation there, that is a beautiful shot as they around the freedom tower in downtown manhattan, replacement for the old world trade center after the 9/11 attacks. back to my point, john, how quickly you get back. it might not be quick, it might not be a v-shape but will be improvement, right? >> what we need is a recovery, you're exactly right, neil.
it will be impossible to have a v-shaped recovery as long as we have a gradual, staggered, reopening of business activity. what is of special importance is that we don't have a relapse. that we avoid a w-shaped recovery where we begin to improve, all of sudden the virus snaps back, we're shutting down all over again. i think the market would be more than happy with a slow, gradual recovery. who cares about the rate of earnings growth. what matters is that corporate earnings grow yet again. low interest rates will have the effect much making slow growth, slow profits growth, earnings growth very acceptable to the equity market. neil: you know the president is speaking at this event right now. we'll have tape of it pretty soon, john, as we watch the thunderbirds and the blue angels
do a magnificent sweep around greater manhattan right now that includes, going by the empire state building and downtown new york, of course the freedom tower, these iconic symbols of american greatness. in the case of freedom tower, enormous comeback after devastating blows after september 11th. proof it us in us to come back. if the pilots celebrating anything, the american spirit, can-do spirit, we can come back. we overcame specific tragedies. this is bit after metaphor, maybe a stretch on my point, we can overcome these. the president said the quarter we're in probably will not be that great. i don't think that is worthy after fox alert here, but he is is saying that the third quarter will be the transition one one we start coming out of this. fourth quarter we will be very strong and 2021 is the when we
see greater economic growth. does that dovetail with your forecast? >> those predictions will prove correct, provided we don't have a second wave of coronavirus come this fall. that would definitely throw sand in the machinery, if you like and make it, next to impossible to realize a vigorous recovery towards the end of 2020. what it gets down to, of all the policy actions in the world, but ultimately it is the course of the virus that is going to, that will determine how healthy an economic recovery we will have. neil: yeah, i think you hit the nail on the head there. there is always talk about stimulus. the president is racing in this session more middle class tax relief. we don't know the details. all that might be welcome by those in the groups affected or could be impacted in a positive way. but i agree with you, john, that, what will move these markets, obviously move the
american people is the notion that the virus in progress on the virus itself is really pronounced. it is really getting better. that is what is going to matter. john, thank you very, very much on all of that. i want to go to alan knuchman right now because there is a separate story, normally much more affected than they appear thus far, that is the collapse in oil prices again. we're well off our lows but still it began overnight, continued today, where a lot of oil prices, as a result, those having anything to do with all are taking it on the chin. alan following that very closely. what happened, alan here? we had steady days of gains and optimism we were through the worst of it right now. i want to stress we were a lot lower this morning. i'm looking at the june contract for oil. what happened? the belief this could take longer than thought, we were ahead of our skis, what? >> supply and demand.
last monday was a very unique situation, something none of us ever seen before. that was just a unwinding of physical delivery contracts. it was just a little bit of a glitch and how people do that. nobody should have been involved in that monday move. they should have been out of their trades on that friday. so those people still in it, that was a mistake on their part. that is why they had no liquidity. but markets operated properly. go back forward where we are now. we're reflecting what's happening in the marketplace and we're making higher lows, and lower highs than we have here recently but i still look at it as somewhat positive. look at further out contracts, look at july, look at october, look at december, you're seeing signs of stability as we look further out, because the front month, who wants oil right now? where are you going to put it? unfortunately like farmers with too much milk. they have to kind of dump it in the fields. neil: in the case of oil they have to dump it in the strategic
petroleum reserve, if they can. apparently that thing could be getting tapped out. dumb question on my part what happens to the oil, with all the tankers with oil coming here? where does it go? >> to different, you know, shades of the marketplace but i think what we want to focus on here is the opportunity, if you look it, there is a lot of oil and energy stocks that have been making a bottom pattern here, then forming a nice base. i've been looking at halliburton, schlumberger, cop. there are a number of trades and for me it is all about risk/reward. that is what trading is about, having right risk/reward. there is upside potential. we also heard this week that the government is looking, how shall we say politely, subsidize or support the energy sector? they will do anything they can obviously with the election coming up. we also heard just today, i heard the phrase, not likely. when has the fed or, you know,
when have we heard we're not likely to buy stocks from the fed? that is an amazing fact. so let's see if that is supportive of markets but i like the price action. i'm a price guy. i try not to think too much f you look at price action, we've had very strong momentum move back above the halfway point of this drop from the top. that is very, very positive. every time that happened in history, it made new all time highs. neil: all right. watching that with fingers crossed to your point. alan knuckman, thank you very much. we're getting a little more on this meeting at the white house with the president and the florida governor where he talks about things picking up steam as the year rolls on particularly in the third and fourth quarters. he is talking about providing potentially relief for consumers or the meat industry itself. i couldn't discern what the relief meant or what that comment meant but this appears at a time with all closing of plants in the midwest and out in
the west from iowa to south dakota. that it will lead to meat shortages throughout much of the country. the president prepared to do something about that. we just don't know what. maybe when we go to the tape when it is provided to us, when reporters leave the white house we'll know more. right now we have the dow down about 66 points. and blue angels are ready to move on as we speak to trenton, new jersey, and ultimately philadelphia. stay with us. ♪. i love audible because it's a lot of stress relief,
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neil: can governor exceed authorities announces stay at home provisions? in city of hartford, wisconsin, he say he did. not only exceed his authority, owe made their life an unendings hell. they're taking the case all the way to the supreme court. saying essentially strike down what he has demanded. is that fair, is that right? these would not be the first residents to claim that governors have gone way too far. go to judge andrew napolitano on this, legality of this. the governor sets the rules i guess, as i understand it,
judge, but these cities and municipalities are free to challenge that, right, but to the supreme court? >> well this challenge is actually by a guy by the name of danny deveto, no relation to the actor, candidate for legislature and can campaign. so that his first amendment right is being trampled. along with danny, is a golf course, a restaurant, so this is a gathering of pennsylvania persons and entities who have been shut down by an act of the pennsylvania legislature but repeatedly amended and altered series of executive orders by governor wolf of pennsylvania. so late last week the supreme court of pennsylvania, very close, by a vote of 4-3 upheld the governor and that is now being appealed to the u.s. supreme court. so the question before the u.s. supreme court is a multiheaded
one. can a governor do this or must it be done by legislation? can anybody do this or no matter who does it, a governor or a state legislature, doesn't it violate rights that are guaranteed in the constitution, free speech, the right to engage in commercial activities, the right to assemble, to challenge the government? the importance of this, neil, i am glad you raised it, this is the first one to reach the supreme court. i think they're going to punt. eventually all of these cases, there are many bubbling up, will be consolidated in one case before the supreme court. i think they will punt on this one but it does set up issues very nicely how far these governors can go. neil: and how far businesses can go, right? in the next hour we'll be talking to a woman who has a salon that she insisted on opening before the state would allow her too. she was served with a summons. she could be arrested. she hasn't thus far but what
rights do business owners have to challenge a state telling them you cannot open? >> well, they have every right to challenge the state in court. while the courthouses are closed, state judges and federal judges are sitting all over the country, using the same type of devices that you and i are using and they hear emergency applications. they're not holding jury trials. but government does not want a jury trial on whether or not these lockdowns are lawful because the government fears it would lose, but think about it. the person you're going to interview in the next hour, to her, her business is essential. to her employees her business is essential. they need the income from that business -- neil: let's go to the white house right now. the president with governor desantis of florida. reporter: your stay-at-home order expires on thursday? >> i gave an essential business order. so we kept a lot of things going safely and i think, i know
people conflate all of these around the country, but i kept construction going. i have accelerated road projects in florida because traffic was down. we're doing i-4 in orlando, we're doing bridges in tampa. so we had a lot of things going. that is through april 30th. i worked with the white house kind ever going through phase one. i will make announcement tomorrow, but i think for florida going from where we are right now to phase one is not a very big leap. i think that we'll be able to be a small step for us but we'll approach it in a very measured, thoughtful, data driven way. i think that's what most of the folks throughout the state looking for. reporter: you won't do what they do in state of georgia. >> ron saw empty roads. he saw the empty roads of florida, staying at home. this is great time to build roads, a great time to fix bridges. they were fixing bridges normally would be a traffic nightmare. they're fixing bridges, hardly any traffic. >> we've been able to accelerate
key projects by as much as two months. as people get back into the swing of things, this will be a gradual process, you will end up having reduced congestion more than we've ever done in such a short period of time. i think it was taking advantage of an opportunity. reporter: governor, do more tests and demand, that the norm in this country, do you think? >> it is true in other places. it is definitely true with ron. which seems to be true where the governors have done the proper job, using us, utilizing the services that we provide, but it lists true in certain other locations. >> just so people don't get misimpression, we have seven sites in major areas in our state. we have more capacity than we get. these walk-up sites have gone into areas that were underserved. you do have demand. so i think what, so we definitely have enough supplies and everything, the key is going to be find being pockets that maybe we're not testing as much. obviously we've got testing
everywhere in miami because they had the most cases. we have testing in other parts. so i think this walk-up site will give us some confidence that we're going into places that may have been overlooked and giving people easy access. i also just recently got, suspended any regulations that would prevent licensed pharmacists from administering tests. so cvs, walmart, hopefully, i think they're interested in doing this for walgreens, you can maybe go in there and licensed pharmacist will be able to test you. that will be very convenient for awful lot of people. reporter: mr. president, overall south korea has done five times for u.s. per capita. >> i don't that i is true. reporter: it is true. the u.s. passes south korea virus testing. >> who are you with? reporter: not true per capita. do you have the numbers? >> sure i have the numbers. remember early on we pushed test to the outbreak areas like he described. his primary outbreak was with
miami-dade and broad broward county and palm beach. they pushed tests in the region. we did that in the united states. every single state had an outbreak their test something greater than anywhere in the world. 4 per 42 per thousand range. reporter: quite mistaken about individual areas but overall we had 14 times more infections than south korea. so are we doing something wrong and why is that? they have a very dense population. >> our epidemic looks much more like the european epidemic. we're tracking very close to the countries in europe and we're testing at their rate of their concentrated epidemics where they're occurring in the metros. i think it really shows the susceptibility of our major cities in the same way. they were susceptible in europe. and so we have been very focused on that. that is -- they are supporting the rural states and very much supporting our testing there is no state right now in the united states that is tested really less than 1%.
which is pretty remarkable when they don't really have significant cases. but we have been really working with states to do sentineller is veil lance. also to reach out to the native-american populations as well as our inner cities. now that we expanded testing, cdc altered the criteria for testing i think you will see as governors have unlocked more and more potential in their laboratories, we know that we have more laboratory capacity. you hear the governors talk about we have capacity and we have to match things, you know, resources that you need, the swabs and extraction media with the capacity, and i think governors are well aware how to expand testing now. we're in partnership. that was announced yesterday. we want testing linked to critical contact tracing but we also want testing as he described. the governor described a really important insight. he went where the virus could cause the most damage to human beings. so he went into the nursing homes to really proactively test. >> that is true also throughout
the country. >> that is true, that is why it is in the blueprint. i think some of the press didn't hear how much we were emphasizing the asymptomatic testing. we believe that is a critical part of this. you can't approach this like you just traditionally approached flu. you have to be more innovative. we've been in really strong partnership with the governors. i think that is why the blueprint was so important because it talked about symptomatic testing and asymptomatic testing to protect the most vulnerable individuals. you can see what it did with the nursing home fatality rates. >> actually with the asymptomatic in a nursing home situation, if that starts getting out, man that is perfect environment for this virus to start spreading. it can spread like wildfire. very quickly. that is why, why you're trying to -- reporter: why did you wait for -- reporter: planning to announce tomorrow, very likely to go to the -- >> we'll make ran announcement tomorrow. i created a task force and, i
have all kind of folks. we have all, some of the great health systems. we have great docs. we have business folks. i have got elected officials. they submitted a report to me. i will be reviewing that today. obviously we've been thinking about what we need to do. so we'll announce it tomorrow about the next step forward for florida. but i will wait to announce it then. reporter: governor, flights into latin america to miami. we see increases cases in late minute america, south america, are you worried? >> i'm think about that the whole time. brazil, some of those places lot of interaction with miami you will see epidemic increase there as season changes. so we could eventually have, we could be way on the other side doing well in florida, you could have people kind of come in. so one of the things i mentioned to the president, you have this abbott labs test. if you have some of these international flights, maybe some of these airliners should be on them to check before they're getting on and coming to this country so that we're able
to keep it. you see what happened with the china flight restrictions. that kept a lot of people from seeding the west coast more. and so we're in a situation you could potentially have from hot spots coming in. i think we were technologically more advanced where there should be something like that. so i have been advocating for that. i talked with some other governors about it. but for florida, clearly, that is going to be an issue. >> cutting off brazil? are you -- >> not actually cut them off, but if you're going to fly to miami, then the airlines should give you the abbott test, then put you on the plane. >> would you ever want to ban certain countries? >> if they were seeding the united states. >> you watching. let us know. in the united states, in florida, in spite of international travel. we have some people go to orlando, miami, all that, if you look at our outbreak, not a lot of it is tied to that. it is mostly tied to new york city travel than to the southern florida. because orlando situation is
worlded different than palm beach and broward, miami-dade. they have as much international travel as anybody. yet as of this morning i think orlando had 50 people hospitalized in that whole area for covid-19. people were predicting there would be hundreds of thousands of hospitalized in florida by this time. so they have had a really modest outbreak. southeast florida, still by some of these other standards, not as bad as other parts of the country, that was more after domestic seeding i think than international. >> we'll be in touch on that. go ahead. reporter: why not require people take tests before they take international flights? why not people have masks on planes? >> we'll look at that. probably will do more of that. brazil has pretty much of an outbreak as you know. they went different way than other countries in south america. if you look at the chart, see what happened unfortunately to brazil. we're looking at it very closely. we're in coordination with other governors also but in particular
with ron. we'll make that decision pretty soon. reporter: all flights, all international flights? >> we're looking at that. that is a very big thing to do. i did it with china. i did it with europe. that is a very big thing to do. that is very big thing to do with florida. because you have so much business from south america. we'll be looking at that. >> gentlemen, i want to make it clear, that south korea's testing was 11 per 100,000 and we're at 17 per 100,000. >> are you going to apologize? yahoo!, nobody knows who you are. reporter: based on numbers. >> why nobody knows who you are, including me. get your facts right. reporter: we had -- >> your facts are wrong. let's go. reporter: clarify you were talking about looking to cut off more international travel from latin america? >> no. we're talking to the governor. we're talking with others also that have a lot of business coming in from south america, latin america. we'll make a determination.
we'll also setting up a system where we do some testing and we're working with the airlines on that. testing on the plane. getting on planes. reporter: virus test? >> it will be both. reporter: governor desantis you had quite a bit of criticism not closing your state as soon as some did? >> where have the results been? look at some of the knows draconian orders in some. states, compare florida hospitalizations per 100,000, compared to fatalities 100,000. you go from d.c., maryland, new jersey, new york, connecticut, massachusetts, indiana, ohio, illinois, you name it, florida has done better. i'm not criticizing those states but everyone in the media was saying florida was going to be like new york or italy and that has not happened because we understood we have a big diverse state. we understood the outbreak was not uniform throughout the state. we had a tailored measured
approach not only helped numbers be way below what anyone predicted but also did less damage it our state going forward. i had crux going on. the road projects. but we did it in a safe way. and woe did it i think in a way that is probably more sustainable over the long term. so i think people can go back and look at all the criminal system and look now and nobody predicted that florida, we have challenges. this is not an easy situation. we've had people in the hospital, but i'm now in a situation where i have less than 500 people at a state of 22 million on ventilators as of last night. i have 6,000 and 500 ventilators are sitting idle unused throughout the state of florida. reporter: my question is, do you face that criticism, you have these numbers that you're sharing. are you concerned at all about another outbreak coming this summer or this fall and not being ready for it? >> of course. that is why the whole thing we're doing, this is novel virus. it is unpredictable but we're in
a situation now where we have so many more tools to be able to detect. one of the things i was talking to dr. birx about, our florida department of health, we have fully integrated health system with the counties. we have been doing contact tracing from the very beginning. sure, once the outbreak gets to a certain point, mitigation what you do, contact tracing will not stop like what was going on in new york city but in florida we had such an uneven outbreak, we were doing contact tracing throughout the whole time, in parts 6 the state the outbreak wasn't severe, they limited spread, did it very effectively. that will be a huge part what we're doing going forward. we think that can be successful and we'll have so many more opportunities with sentinel surveillance. we're offensive with the nursing homes. nothing will change on nursing home testing. until this virus goes away this is poplation most at risk. in florida we have close to 85%
of the fatalities have been age 65 or older and, most of them have some comorbidities. so these are the types of facilities that are the most at risk. so nothing is going to change on that. we'll continue protecting elderly. we messaged that very early, about the risks, about how they should stay home. i wasn't going to arrest an elderly if they left their house. limit contacts if you're more at risk. places like villages, there were articles written that the villages would crash and burn all this other stuff. they have 2%, 2.5% infection rate. we tested 1200 asymptomatic. none were found to have the virus. this message of understanding the risks are different for different parts of our communities and age and health and continue doing, i think what you will see is, however we move forward, i will announce that soon, you're going to see even more attention paid to the vulnerable and i think that is
what we need to be doing. >> you know, ron said one thing that was very interesting. we talk about ventilators and ventilators were going to be a disaster in florida, not enough and we sent them thousands of ventilators. but meantime you have thousands of ventilators that aren't used. we'll be able to send them probably to other countries. you build up the stockpile. other countries, italy, france, numerous, spain is very much, we're sending to spain. i spoke today to nigeria. they want, they will do anything for ventilators. we're going to send at least 200 ventilators to nigeria. probably more than that so, ventilators was going to be a big problem and now we have really, i mean, through an incredible amount of work by the federal government we have a big, big, beautiful overcapacity. its same thing with testing. the only problem is the press doesn't give credit for that because you know, no matter what test you do, you should have done this. you should have tested 325 million people, 37 times.
no, the testing is going very well. this is a good example of a partnership between the federal government and the state government. ron has been great. some of your friend, some of the other governors have done a good job. some have not done a very good job, to be honest with you. some have not. >> jared, he had a team of going about figuring out where the ventilators would be needed. when everyone was talking about 40,000 ventilators in new york, i'm in contact with jared about florida, about new york. he was saying they will not need that. i was like, look, i agree with your numbers. i don't think we need ventilators in florida right now. maybe things will change. they were ready at a moment as notice to get ventilators where they were needed. we got 100 beginning from fema. we never got an emergency shipment because we didn't need it. they were absolutely, ready, willing able to do that, once the data suggested it. >> they were on call. a lot of people expected it. when we read reports from the papers, i called ron, i think
maybe we'll need thousands based on what some phony news organization was saying. and more and more -- you know, number one it was well-handled. we were ready to move. we still are. we have more than 10,000, jared, what do we have? more than 10,000 in the stockpile. >> more than 10,000 in the stockpile. growing every day. we're getting more in than we send out. >> we'll be able to help either countries, that is a good thing. not only allies but other countries that need help. jennifer? reporter: mr. president on the food supply chain is there anything your administration is doing or do in the future to make sure there is enough food supplies? >> we're working with tyson. we'll sign an executive order today i believe. that will solve any liability problems where they had certain liability problems. and we'll be in very good shape. working with tyson one of the big companies in that world. we always work with the farmers there is plenty of supply, as you know. there is plenty of supply.
it is distribution. we will probably have that today solved t was very unique circumstance because of liability. reporter: can you clarify what your intelligence advisors were telling you back in january an february? were you warned about what was happening with coronavirus and the threat to this country? should there have been stronger warnings? what were you hearing every day? >> i think probably a lot more than the democrats because a month later nancy pelosi was saying let's dance in the streets of chinatown. you go back and you take a look at even professionals like anthony were saying this is no problem. this is late in february. this is no problem. this is going to blow over. and they're professionals. they're good professionals. most people thought this was going to blow over and you can go, we did, i they have on january, toward the end of january we did a ban with china. that was a very, i think you just said, a little while ago, that was a very important step. ultimately we did a ban on europe. that was very early in the
process because if you take the ban, and you look at it, i was badly criticized by slopey joe biden, by others. i was criticized horribly, he said all sorts of things. we won't even say it. then he apologized because two weeks ago he put out a statement that i was right. we did a ban, john as you know, we did a ban and many people, democrats, professionals, probably republicans, said that this would never happen, there would be nothing, no big problem. so i think you saw that better than anybody, deborah. this was after the ban. i took it very seriously. i will not be banning china from coming in if i didn't take it seriously. i did that very early. reporter: were you getting warnings? >> i have to check. i have to check, look to exact dates of warnings but, i can tell you this, when i did the ban on china, almost everybody was against me including republicans. they thought it was far too
harsh. that it wasn't necessary. professionals, republicans, democrats, almost everybody disagreed. that was done very early. that was a big step. i think we saved, whether it was luck, talent or something else, we saved many thousands of lives. and anthony said that. and you were saying that and a lot of people said it was very, i think you have a much different situation right now if we didn't do the ban. we also did a ban as you know, earlier, we did a ban on europe, sometime after still relatively early. reporter: after ban on travel from china, 40,000 people came into the united states, those were american citizens largely. in hindsight, looking back, should there have been steps made to quarantine those people that were coming back or to test them? >> there were. in florida we had hundreds of people that were under investigation by our health department. they were asked to quarantine for 14 days. anyone that was coming back from china. the wuhan area and hebei
province, they were having to self-isolate before they get to florida because that is what you guys did. we had hundreds of people under investigation during this time. actually none of them ended up testing positive, the ones that developed symptoms. i didn't say a lot didn't develop symptoms but that was being done in florida. we were very much viewing it as china deal of course. i think, new york eventually wrought it to florida but that was done at state level. >> people we let back, john, they were american citizens. what can you do? you can't come back into your country? not likes we were thrilled, either. we have these people coming back, all american citizens, meaning just about all american citizens. there is not much you can do about that we did do testing and, in hindsight the states did testing. ron was doing a lot of testing. individual states were doing in cooperation with the federal government. but originally it was, oh, 40,000 people came in. what they don't say, what the news doesn't say, they happened to be american citizens. how do you keep american citizens, you say, coming in from china.
they want to come back to their country. there is a tremendous problem in china. they want to come back. are we supposed to say to an american citizen you can't come back into your country? we did do testing. individual states did testing or were supposed to v anybody else? reporter: more details on executive order regarding meat supply. seems like issue with the processing plants closed down, all the animals can't be processed into american meat. >> we're, probably today we'll have that, it is a roadblock. it is sort of a legal roadblock more than you else. you will have that done today. you can speak to the chief in little while. they will give you like that. i don't know if you like that, there won't be cameras running. if you like a real speak to the chief. reporter: airlines mandates passengers wear masks on planes. are you considering rolling out -- >> who? reporter: jetblue. >> sounds like a good idea to me reporter: governor, you have hundreds of thousands of
tourists coming from canada -- >> right now we don't. reporter: have you been able to evaluate how much economy of your state is losing from borders being closed? what do you think, what is your feeling about things going back to something normal as for the visitors coming from canned? >> so i think a lot of this is confidence, building confidence with the public, that the next step is going to be done thought fully. it will be done in a measured way, and it will be done with an eye to making sure that we're not pretending that this virus just doesn't exist. we have to make safety a priority. i will say though that i do think there is a path to do that. if you look at florida's outbreak, just think of all the people that were in florida. january, february, disney was going all the way until mid-march. we didn't have outbreaks tied to a lot of that stuff, for whatever reason. maybe because most of our activities are outdoors. i think probably not as efficient vector when you're outside in the sun as compared to close contact indoors but,
and all these different people in these industries, part of my task force. this isn't going to happen overnight. they're all thinking about innovative ways to be able to do different things and do it safely. we've seen that on basic level, if you go, drive by home depot now. there will be six feet apart, waiting to go into the store. they're doing it. people are adapting and innovating. i think that will happen. i don't think it will happen overnight. i think we'll have to be measured and thoughtful. but i think as people see that different things can happen safely, i think confidence factor will go up. clearly, financially, it issue for florida. anytime people come, they end up paying tax on that. look at theme parks, amount of taxes they contribute to the state. fortunately we had billions of dollars reserve, but even with that we're facing a hit, no doubt about it. >> i think the fourth quarter will be really strong. i think next year will be
tremendous year. that is what is building. that is my opinion. third quarter is transition quarter. second quarter is what it is but the, i mean, we're in this period where, let's see what the numbers are. third quarter is transitioned. i think fourth quarter will be incredibly strong. i think next year will be unbelievably strong year. kevin, larry, would you like to say something about that? >> start with cbo numbers. >> i just say, look we know we're in deep contraction with rising unemployment. it is a lot of hardships a lot of difficult. the president's rescue package which totals $9 trillion between treasury and fed. that helped cushion the blow. that is point number one. we're taking a hit. it is very difficult. we're dog what we can. as the governor said, as confidence returns with safety features and data driven, people are anxious to go back to work.
it is interesting to me, the congressional budget office as well as "wall street journal" survey of economists, both predicting very significant pickups in growth in the second half of the year, almost 20% growth increases. so that's a good sign. and president has commissioned us to study middle class tax relief, middle class regulatory relief, infrastructure developments. and insurance liability protections for small businesses. and again middle class, i think people are anxious to go to work. there is going to be a lot of pent-up demand and so i am optimistic about the future. this current situation as my great friend and colleague kevin has said, right in here, it will be the worst we've seen probably but nonetheless that will be temporary, i believe it passes and that's what some of these surveys are telling us. >> larry, i wanted a payroll tax cut.
that would be best thing. democrats did not want to give it to us. we went a different way which is fine. i want ad payroll tax cut. >> both of us agreed. >> should have done a payroll tax cut. democrats did not want a payroll tax cut. i think that is a mistake. reporter: mr. president, congress comes back next week. let me try to figure out the elephant in the room here potentially, if there is elephant in the room. what about the idea of aid to states? governor, what do you think of this idea from capital hill, washington, sending money to individual states who may be suffering severely through lost revenues and picking up a lot of the tab here? >> i think big difference with a state that lost money because of covid and a state that has been run very badly for 25 years. there is a big difference in my opinion. you know, we would have to talk about things like payroll tax cuts. we would have to talk about things like sanctuary cities as an example. i think sanctuary cities, something has to be brought up
where people that are criminals are protected, they're protected from prosecution. i think that has to be done. i think it is one of the problems that the states have. i don't even think they know they have a problem but they have a big problem with it, sanctuary city situation. we would have to talk about a lot of different things, but we're certainly open to talking. but it would really have to be covid related, not related for mismanagement over a long time, over long period of time. reporter: willing to to make that much of a distinction. >> it is a distinction to make. we're not looking to do a bailout for a state that has been, it is unfair to many of the states, most of the states that have done such a good job. okay? anything else? thank you. reporter: mentioned yesterday -- >> say it. reporter: follow up to question from yesterday. you spoke about having a sense of what is going on with kim jong-un. can you say whether or not he is in control of his country?
>> i don't want to comment on it. i don't want to comment on it. i just wish him well. i don't want to comment on it. reporter: ask you, saw congress supposed to come back next week. steny hoyer just announced the house will not come back, given d.c. stay-at-home order. is that a good move, wise move -- >> democrats don't want to come back. they don't want to come back. i think they should come back here. they're enjoying their vacation. they shouldn't be. yeah i think they are. i think they are. look at nancy pelosi eating ice cream on late-night television, i think they probably are having a good time. i you think they should all come back, should work on this together. thank you very much. >> come on this way. come on, let's go. come on. neil: you've been listening to the president of the united states with florida the president acknowledging the quarter we are in right now, the second quarter, is probably not going to be that great but
things begin to bend and get a little better in the third quarter. by the fourth quarter he thinks things will really be strong and in 2021 he's very optimistic, again, with economic advisers larry kudlow and kevin hassett there that it will be one for the historians that want to watch the great comeback. others look and say given the staggered nature of states reopening, it will be a slow but steady comeback in the economy but again, one that will not be immediate. so there's debate over whether it will be a v-shaped recovery or not. the president also said something interesting to confirm the payroll tax cut he's been pushing for essentially is dead on arrival with congress. he mentioned the democrats are against it collectively, that is an uphill battle so he's moved on to talk of still other stimulus, helping maybe the meat industry, helping the energy industry, helping various sectors of the economy. it was right to point out that washington has provided more
than $7.8 trillion if you combine the trillions that the federal reserve has gotten to sort of flood the banking system with cash and provide enough liquidity through this to say nothing of stimulus measures and rescues that have totaled close to $3 trillion, including the add-on of the paycheck protection program that's had some bumps along the way but again, no shortage of federal relief and clear indication there with the governor of florida from the president, more help is on the way. we just don't know exactly what kind of help. as that was going on we told you a little earlier that jetblue is now going to require face masks of all passengers when they board flights. the entire airline industry isn't going along with this, however. southwest, for example, will not require face masks, leaving it up to individual flyers if they prefer that. i was speaking to the head of the flight attendants union yesterday who was telling me she thinks it would be a good idea for the transportation department to demand this, that
all passengers wear face masks on flights. already flight attendants, when i talked to elaine chao, transportation secretary, she said it was something that wasn't really necessary now, referring to the fact a lot of flights are not near full. many planes have been cut out of service. be that as it may, it may not seem inevitable on the federal government's part to issue an edict on this. jetblue now saying it will require passengers who fly on its planes. we will be hearing from that from other airlines. as americans get ready to go back to work and employers get ready to greet them back at work, some of those bosses are a little concerned that god forbid one or several of the workers contracts the virus, are there grounds to sue them for reopening their doors. jackie deangelis has been
looking into that and a lot more. jackie? jackie: good afternoon. that's right. this is a conversation that you and i had yesterday, specifically. you go back to work and for some reason get sick and get the coronavirus, can you sue your employer, perhaps saying they were negligent, they didn't offer the right safety equipment, for example. the president has addressed this. he just addressed it moments ago and he said he's going to be signing an executive order later in the day that is going to address this employer liability issue because obviously, the objective is to get people back to work and a lot of companies are really scared that if they take this on and they start to reopen, liability is going to bite them in the you-know-where, neil. the second headline i want to draw your attention to coming out of this conversation that we just played, you talked about different stimulus programs, et cetera, working with some of the industries in general to make them more whole as we get things back on track. the president also mentioned the idea of working with the airlines to implement a testing
program to make sure that passengers are tested when they fly. you know, you brought up this issue of masks, for example, on planes right now. i think people are also thinking ahead to what airline travel is going to look like in the third quarter and fourth quarter when things do open up and the president mentioned he expects the economy to be more robust. you want people to travel more so possibly testing programs that he's mentioning or having people wear masks could help people feel more at ease to board a plane, for example. then there's the issue of testing overall, neil. we have been discussing this. it is so crucial in terms of getting companies back to business. if you feel sick, if you can get a test and you can get it quickly, then you will know do i need to self-isolate, do i need to get more intensive care. let's talk numbers for a second. a new state by state analysis by harvard researchers and stats shows that right now, 31 states and washington, d.c. don't have enough tests or they didn't test enough last week to isolate the people infected quickly enough.
there are ten states that would need to increase a little bit, 10,000 tests to reopen on may 1st. in new york it will take about 100,000 more tests per day. in new jersey, 68,000 more. 19 states do have enough testing capacity. the key here is time and turnaround. the three quickest tests currently approved by the fda include one from abbott labs. it ships more than 50 million -- excuse me, a million tests to 50 states, and abbott says it's manufacturing 50,000 tests a day. it plans to ramp that up to two million a month by june. abbott's test can actually offer results in less than 15 minutes. then there's mesa biotech in san diego. results come back for that one in 30 minutes. then there's another test with results in less than an hour. one of the issues being flagged here is false negatives and accuracy. no test is going to be perfect 100% of the time, but the problem here is say you get a false negative, you all of a
sudden say well, i'm fine, i can go out, i don't have to social distance and follow the precautions. no. the medical community is saying testing is going to help but people still need to be really, really responsible, make sure they social distance, wash hands, and take all the precautions necessary to continue to contain the spread. neil: interesting. all right, jackie, thank you very, very much. so we are looking at this, forget what jackie was addressing on the business side, states will be reopening particularly in the midwest where we have had a marked hike in cases here but again, some of the hospitalizations are showing signs of improving. mike tobin looking at all of that from chicago. hey, mike. reporter: hey, neil. what we are seeing with governors across the midwest is some of them say they are lifting the lockdown but keeping restrictions in place. others say that they are extending the lockdown but easing restrictions. it all depends on your definition of what's going on. probably the most dramatic that we have seen thus far comes from
iowa, in which 77 of 99 counties in which health officials have determined there is either no coronavirus activity or it's on the downward trend, governor kim reynolds is lifting restriction, as of may 1st. restaurants, malls, libraries, gyms are back in business with restrictions. they can operate at 50% of what the fire marshal determined is capacity. sporting and social events are allowed but limited to ten people. non-essential surgery is back on and farmers markets are back open. >> take a targeted approach to loosening restrictions on businesses and counties where there is no virus activity or where virus activity has been consistently low and shown a downward trend. reporter: the governor of illinois has extended the stay-at-home order until may 30th but eased restrictions. he pretty much changed the definition of what is an essential business or essential retail business. he's allowed greenhouses and
garden centers to reopen. he opened state parks and has allowed people back on the water for boating. in michigan, governor gretchen whitmer extended the stay-at-home order until may 15th but under pressure from demonstrators allowed power boats back on the water, allowed landscapers back to work. the michigan conservative coalition which organized the protests still says her orders are arbitrary and political. whitmer has implemented the michigan safe start. it pretty much creates a panel called the michigan economic recovery council which is now studying who can get back to work. >> i would anticipate in the next week or two that we will take this next step which would include the construction industry, as i described earlier, it would include additional outdoor enterprises and we are taking a hard look at industrial to see if we've got the protocols and what that precisely would look like. reporter: and ohio governor mike
dewine has retailers back in business in the middle of may with a long list of restrictions and an emphasis on coronavirus testing. neil, back to you. neil: all right, mike, thank you very, very much. by the way, we are getting separate reports that a number of the big mall owners, are looking at trying to reopen at least some of its 49 malls scattered across the country beginning early this weekend and into next week. a couple of big ones are lenox square, atlanta, and that means all the tenants, if they are allowed in states that will open it up to retail, and that's not, you know, iron-clad yet, they have to go along with it. we often find in a number of states that even though they get the green light to go ahead, a number of stores hold back a little bit. this could be an interesting development. the property group is saying we feel comfortable enough reopening or looking at key malls reopening in states that
are already at least partially reopening like south carolina, like georgia, that could be a very constructive development. a lot of the mall and related stocks are up on this, most notably simon property now up in excess of 14%. we will keep a very very close eye on that. carol roth, no doubt, you look at developments like this and say these are among the things the market likes to see. carol is a former investment banker. she knows of what she speaks. a lot of it does go back, you and i have gotten into this before, about the consumer, he or she is able to get back into the stores, what will they do, they have been very busy buying a lot of stuff at home, so we don't have numbers on that yet but we know they have been strong. i'm wondering what you see happening there if more malls open up and more stores in those malls open up. what do you think? >> i think we will have sort of a tale of two economies, because it depends on what your financial situation is, it
depends on what industry you happen to work in, it depends on what state you live in. if you live in an urban area like new york or chicago, which is very crowded, you are going to be less likely to go out and interact and assume your normal behaviors versus somebody who lives in a more rural area. the same thing in terms of services. i might decide to skip my dental cleaning for another six months, but certainly go to the grocery store because it's more important, more essential. i think that the consumer sentiment is down. i think that consumers are going to be thinking about saving up some of their money. certainly there are a lot of consumers who are going to continue to be out of work, whether it's by choice or by mandate, so with that being 70% of the economy, i think that it's going to have a bigger drag than people expect, because you know if you don't go to the
dentist, if the dentist is either at reduced capacity or maybe they go out of business, then all the people who work there aren't spending into the economy, it affects their business and it is a ripple effect. neil: do you find the oil thing a little weird? today going into the morning we were tanking, oil prices stabilized somewhat, but it's as if we have this oil, now the big worry seems to be where to put it. there's only so much room in the strategic petroleum reserve. will oil be this big question mark going forward? does it influence how you look at things, not surprisingly bp had a, you know, 60% plus slide in profits, didn't really give any guidance. had to cut its dividend but later this week we hear from exxonmobil and chevron, but how big a factor is this energy thing to you? >> oil has been an issue prior to covid and covid obviously accelerated it.
but this is an area where there is a cartel and price fixing. there isn't a free market and it's kind of funny because all the people who are typically free market proponents tend to cheer for price fixing instead of having the different countries produce at the levels that they potentially could. there certainly is saudi arabia, who i think is trying to destroy everybody else's ability to compete in the market, so there are a lot of things that are going on on top of now the fact that there is decreased demand for covid-19 and the fact they are running out of places to store oil and it's becoming more expensive to store it. so i think this is going to be an ongoing issue for us, particularly because the oil industry is a big industry here in the u.s., and it is high-paying jobs and to the extent that this goes on, which given the information we are just talking about, should for some period of time, i do think that that is just another
potential drag on the economy at a time when we don't have that underlying strength to be able to kind of weather through it. so what might be seen as a good thing for the consumer is not necessarily a good thing from an industry perspective and since we put all the puzzle pieces together, i think if you are looking at hedging a risk, there's more risk generally to the downside than there is to the upside. neil: thank you very much. carol roth, former investment banker, joining us via skype to take a look at these markets. before i get to my next guest, they are holding their own right now. oil is edging up. that's been a big comeback because we were down a lot earlier on, particularly brent. a big rebound there that the markets, you know, like to see. oddly enough, when we were down in oil, they were up, you know, close to 400 points, little over that. so that connection isn't always the thing that pans out. as i said many many times here, carol might agree, this notion
that we really don't see any steady improvement here or continuation of this unless and until a drought, we are getting good news on the virus itself, getting it under control or states reopening, doing so carefully but judiciously without any incidents or spikes in cases. so far, so far, the few that have tried this, it's okay. things have been going okay. our next guest is very big in coordinating with local officials all the way to walmart, getting these testing kits out and you know, rapidly so. thank you for joining us. explain a little bit about what you're doing with these groups. >> thank you for having me today. i first would love to thank our president for his leadership and members of the white house coronavirus task force for their work on behalf of all americans. as we heard yesterday during the white house press briefing, we
are just 45 days into the public/private partnership for covid-19 testing and truly that partnership is helping reshape health care delivery in our country and in support of that public/private partnership, etruenorth would like to thank our farmpharmacy partners for af their support and really for taking an active lead in the covid-19 testing response. what we have done -- neil: what do you do at the testing centers, though? could you tell mow he how are t set up? how would you describe them? >> so there are actually several different models of testing centers. we currently with walmart in the georgia area have a mobile testing center, which is a way that we are taking testing two
individuals who live in rural areas who may not be close tho footprint of a walmart location so that testing is truly set up in cooperation with the georgia national guard where patients register on the etruenorth website for a testing, they complete an assessment based the latest cdc recommendations and criteria for testing, then select a site they want to go to. the patient shows up at the test site, it is a drive-through scenario where they do not ever get out of their car. most of the interaction between the pharmacy staff and the patient take place with a window that is rolled up on the patient's car. they are communicating through that window which really helps to protect both the patient and the pharmacy health care providers from the perspective of minimizing risk of exposure.
the patient is then provided with a specimen collection kit. that's placed on their windshield. the patient retrieves that kit and then they are guided through the process of swabbing that are own nose, collecting the specimen. at the end of the day, those specimens are all shipped back to a regional clinical laboratory that is in partnership with etruenorth. the laboratory processes those test results and then the patient is able to receive their result from the etruenorth website and they then are sent automatically from the site once we have results an e-mail letting them know their results are available and guiding them back to the site to receive it. we do also provide -- neil: how many are being tested, coral? how many have been tested? >> to date in the partnerships, we have tested well over 3,000
individuals and their footprint of testing locations is growing every day with all four of our pharmacy partners and then we expect certainly through the end of may that we will test well over 140,000 patients. neil: that's amazing. just amazing. good luck on all of this, coral. thank you very, very much. coral may, etruenorth, working right now with local officials at the scene, walmart, kroger, some of the names mentioned, in a unique partnership aimed at getting more people tested. as you heard from many many governors, they need a lot more of that before they can consider reopening their states. she is providing the means for them to do so. we have a lot more coming up, including a salon owner who risked fines and more by simply saying i have a business to run and i'm losing money. i want to reopen now.
and anyone that wants to take away those rights is wrong. neil: and shelly meant it. she runs a salon i believe in the dallas, texas area. right now she continues that protest. she joins me on the phone. shelly, last i understood, they served a summons on you and a fine that you can't open your shop right now, but what are you doing right now? [ speaking simultaneously ] on the phone: right now, the salon is open and we have been open since i opened on friday last week. but yeah, they -- clay jenkins, the county judge, served me a cease and desist to cease working or you know, like closing the business on friday, and obviously, we just stayed open.
neil: and you are still open now. has anyone come back to give you or issue another fine or another, you know, penalty? on the phone: no, not yet. neil: so people are getting haircuts right out on the sidewalk? on the phone: no. they are getting haircuts in my salon. but what happens is we -- neil: now it's open? on the phone: it's been open since friday. neil: go ahead. on the phone: so we have -- neil: all right. at first you were concerned if they kicked you out, you would do it on the sidewalk. i got it. i apologize. on the phone: exactly. neil: the state said it's going to be slow and steady and eventually shops like yours will be allowed to open and you are sort of jumping the gun. what do you say to that? on the phone: i think that's ridiculous because anybody that has seen the regulations that tdlr has on anyone in that field, we have more sanitation practice than most places of
business and we are inspected and we have to get it renewed every two years so it's ridiculous that someone can go into walmart and they feel that that's safer than someone coming to get their hair cut with both of them wearing a mask at the same time. neil: how many are you allowed into your shop under these new guidelines? and of course, you are ahead of the guidelines but do you practice distancing? on the phone: yes. my stations are already six feet apart but they have scared most of my stylists into not coming in. they are threatening them with their licenses. right now we only have one nail tech in and two stylists and we have chairs sitting outside so when the stylist is ready, we bring in one at a time just for them. we don't have people sitting around. neil: what about the number of people waiting to get a haircut or something from your salon? i would imagine you have quite a few waiting for that. on the phone: we do.
and everybody practices perfect social distancing and they have been great because i don't want any violence or anything, you know, i don't want a big stink caused. i just want us to be able to open the shop and people have the freedom to come in if they want to. neil: so when the governor outlined this idea that he would be looking at may 1st originally at 25% capacity and then may 18th, hair and nail salons, not yet allowed any capacity, you chose not to wait to may 18th, right? that's the bottom line. have others followed suit? do you know of other salons that have followed suit? on the phone: absolutely. there's salons and businesses across the nation that are opening because we decided to take a stand and all they're doing is saying you know, it's my right to open and my right to feed my family. what else are they going to do? if they take my business license, i'm going to lose it
anyway. i think it's the only fair thing we can do is go to work. they're not giving us any government help. all of the loans are backed up. the unemployment, backed up. they are saying that's about to run out of money. we haven't received any of that. we haven't seen it. neil: has anyone threatened to take away your business license? on the phone: governor abbott did. neil: what happened? on the phone: i saw it on the news, actually. i guess the reporter asked him, you know, what do you think about the lady in dallas and he said i'm not exactly quoting but something to the effect of if she disobeys my ordinance, and this was before his press release yesterday, if she disobeys my ordinance she has the possibility of losing her license forever. neil: what if he does that? on the phone: well, then i'll
have to just move on from that. right now, i don't think he has the authority to do that. i actually think what he's doing and what governor clay jenkins is doing is criminal. neil: now, they argue they are looking for the public health, as you pointed out, you do a lot of things that other businesses don't even come close to doing to protect not only your workers but your customers. i'm sure you tried to explain this to authorities. what do they tell you? on the phone: actually, the authorities and the dallas police have actually been very gracious. basically they are just getting sent there because no one else wants to and they say that i'm not doing anything criminally wrong so they can't arrest me or do anything like that. so they just come and hang out for a bit and leave. neil: do you worry, you are doing all the right things, practicing distancing, keeping things clean and safe, and masks and all that, i get that, but that other store owners, other retailers who aren't nearly as
cautious or fastidious as you are, will use your case as a way to go ahead and open up, too, and endanger the kind of stuff you are doing and maybe lead to a spike in cases in your state? does that worry you? on the phone: that does, of course i have worries about that, but like i say, i can only control what's in my salon right now. and i know that if someone comes in my salon, it's almost as safe as being in a hospital. my salon is much cleaner than most people's houses. now, that's up to tdlr. that is their job to go out and make those inspections and if we can get some guidelines for people to follow instead of all just scratching our heads about this, then i think that they should go out and do their job of inspecting and that's what they're there for. neil: all right. thank you very much. i wish you well. shelley luther, salon a la mode owner. she is doing all the things she
says the government require her to do to run a safe shop and good shop. she's getting a world of grief even with the governor of the state saying you keep this up, you lose your license forever. the fight is on. we will keep a very very close eye on it. also letting you know an item concerning major league baseball, it will let teams decide their ticket policies for games postponed by the coronavirus, so ticket holders could potentially, potentially get refunds. very early. they are talking about it leaving it up to individual teams. we shall see. more after this.
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neil: imagine being in this conundrum. you are a city that straddles tennessee where they are lifting restrictions, and virginia, where they're not lifting restrictions. in tennessee where you've got a republican governor and virginia, where you got a democratic governor. well, it gets messy. it gets very very messy. we are following all of that. mark? reporter: good afternoon to you. you're right, there is a whole different story going on and it all depends where you live. bristol straddles two state lines, tennessee and virginia, and while the community really tries to see itself as one city, there are people there really living by two different sets of rules. you were talking about what's happening there on the tennessee side where the governor as well as state health department have started to let some businesses
reopen. that includes some restaurants where on the virginia side, that is not the case. we had a chance to speak with the mayor of the virginia side on monday. >> the state line runs through there so we have two different governors, two different sets of orders that we have to abide by. this definitely presents a challenge. you have, you know, governor northam who's taken a much more stringent stance on staying at home, extending his orders. reporter: there are no walls or border checkpoints preventing people from being able to cross over to the other side so some people are wondering what's the point of keeping one side closed and one side open. the governor of virginia talked a little about this, where some people see it as a double standard. this is what he had to say monday as well. >> we are open-minded and can we open up different regions quicker or sooner than others. a great example is in bristol. is it really fair for
tennessee's businesses to be open and virginia's not to be. so this is one of the things that we'll be discussing. reporter: one thing we have seen over and over is the question about testing, whether or not you will be able to get a test on one side of the area as opposed to the other. we are told bristol, virginia will have new tests coming in tomorrow, whereas tennessee has already had easier access to testing. really, it depends on where you live whether or not you will be able to get the testing you may need. a lot of people certainly eager for things to get back to normal. neil? neil: you know, that is one of the weirder stories i have heard throughout this but very good spelling it all out. that is crazy. thank you very much. mark meredith following all of that. you didn't think you would have a situation like that where you are beholden to two different masters. we will see how that works out. also letting you know the latest on the mask front and demands on planes. jetblue, as you might have heard, requiring all passengers to wear the masks. southwest coming out a little later saying not us, it's up to you if you want to wear them,
fine, if you don't, that's fine, too. i talked to the head of the flight attendants association and if she had her druthers, she would require it for everybody and says the government should lead the effort. take a look. you are worried obviously for the safety of your members, i get that. you want them wearing face masks. but do you feel now that a lot do already, right, or not enough? >> what we're saying is that everyone can actually participate in this with cloth masks. what the cdc says is that if everyone is wearing a cloth mask, it will actually slow the spread of the virus. so we are asking the public to take part with us. neil: the president of the united states might be open to that idea. his transportation secretary elaine chao, when she was talking to me, at the time was not. take a listen. the workers have been concerned that a few people who are flying these days, secretary, they're not wearing masks. in fact, it's quite routine for
a lot of people crowded in planes, 8 out of 10 of them aren't. do you think they should? >> we have to get used to it and some people are going to wear it and some people are not. we should really listen to the public health experts. united airlines is thinking about asking their crew to put on masks, but at this point, with their 96% drop in passenger volume, the load factor is about 4%, there can be social distancing on airplanes these days. neil: i think we settle this with world renowned and respected dr. roger kline joining us right now, position health policy expert with heartland institute. what do you think, doctor? a mask or no mask on a plane? if you had to advise people, what would you say? >> i think it's a great question. you know, i think american is
giving out masks and providing sanitizing material. i think it's really a good idea for a couple of reasons. first of all, we do know that even with asymptomatic or mildly infected people, they can spread it through prolonged and close contact. i think there's a justification for it. we don't have any data, we don't have data for any of this. i think we have to be honest with ourselves. the other thing that's really important and it may force other airlines to do it, is that people are going to be afraid to get on planes. if there's a 96% drop in people going on flights, they are going to be reluctant to get -- a lot of those people will be reluctant to get back on airplanes. i think airlines would be very very wise, as somebody who travels a lot, to make sure that they are reassuring their customers that it's safe for them to fly. in fact, i would also like to see them advise people and really work hard to make sure that people who have symptoms, who are coughing and sneezing,
don't get on planes. there's nothing more annoying than getting on an airplane and sitting next to somebody who is coughing and sneezing, you know when you get off that plane you will have a cold. neil: yeah. good point. you know, i had ohio governor mike dewine with me yesterday and almost all of his stipulations to reopen his state called for wearing masks, whether it's going to be restaurants or salons, i don't even remember the order, it's a staggered schedule every other week beginning with monday of next week, and then the 11th and the 18th, but in all circumstances, he says no mask, no way, none of this happens. must wear a mask. what do you think of that? >> well, i think it's a bit intrusive. so in my view, i think the market's probably going to sort this out. now, if i go into, for example, a barber and the barber is not wearing a mask, maybe i want to go to the barber who is wearing a mask. i think people have a right to
make their own choices. in the end, this virus is very, is quite transmissible, there are a lot of mild and asymptomatic inspections so a lot of people are going to get infected and i wish it would go away but it seems hard to believe it will. for most people, it's mild. it's not serious and they don't even know they're infected. so i think people have a right to make these choices and i think the market will help settle that issue by people choosing to go to places that seem to be meeting their own safety requirements. neil: all right. you settled it for me. i'm going for the mask. doctor, very, very good having you. by the way, we now have confirmed the house of representatives will not return to washington next week. the senate will. the house of representatives will not. more after this. life isn't a straight line. and sometimes, you can find yourself
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neil: oops they did it again. that small business loan program running into, well, a buzz saw of problems. edward lawrence with the latest. hey, edward. reporter: hey, neil, yeah. still having the problems. the small community banks having problems processing through those loans, that's ongoing according to the source with the sba. the fix now, they sent out the sba have told banks they can no longer use the robotic system that automatically enters data for the loan, then pushes the loans automatically through. the bigger banks were pushing through more than 5,000 loans at a time, smaller community banks not able to do that. the net result is slowing down the system to allow it to catch up and they believe that will fix the problem. senator marco rubio watching all of this. listen. >> let me be clear, the demand for ppp loans far exceeds the supply of dollars. i just want to be frank and honest about it. the need is much greater than what's been appropriated and what's been given for it is a lot.
we are talking about almost $700 billion. that is a lot of money. but the need is greater. there's no doubt. i want to be clear about that. reporter: the other issue, the larger companies that are accepting some of those loans, the treasury secretary steve mnuchin doesn't blame the big banks for putting those clients first. he blamed the client for asking for the loan, like the lakers, shake shack, all giving back the money. the secretary gave stuart varney a stern warning about those companies. >> there was a borrower certification that people had to initial and it said that the loan request was necessary to support the ongoing operations, and if that certification is inaccurate, people will have criminal liability but before we forgive these loans, we will check every single one over $2 million. reporter: later this afternoon, the president going to talk to some of those businesses that did get helped by this program. back to you.
neil: edward lawrence. now to charlie gasparino, who has reported on these problems almost from the get-go. so not a shock, i guess, but what do you make of this, charlie? charlie: couple things. the treasury secretary is not quite explaining the certification that the banks had to sign. it was much more broad. it was like, you know, it was something along the lines has the pandemic hurt your business enough to take the loan. so it was much broader than that. it wasn't just, it wasn't something very specific and i think that's one of the problems that he has. the other problem is, it's not just small banks and dealing with the sba, it is the sba not being able to certify loans when the big banks push them through. so in many ways, the government was pretty much unprepared for this, obviously, in a situation like this, you're not going to be able to stop every glitch in the system, but it was really lousy guidance from the government and i think if they hold hearings on this which i think they will, which i will get into in a second, a lot of this stuff is going to come out
so it's not going to look good on the treasury side, either, once they do hold the hearings. because here's what we understand. the banks, we are talking about the big banks, jpmorgan, bank of america, citigroup, wells fargo, the big banks that took a lot of criticism here on doling out the ppp money, they are facing as many as four congressional investigations into snafus into this program. they are getting subpoenas or requests for information, sometimes both from four committees, congressional committees, and they expect more on the way. it will be the ones you expect, finance, small business, any committee that is involved in the intersection between banking and small business is looking at this, and maybe others. so the congressional pile-on particularly in terms of investigations has begun. again, based on the reading of these information requests, what the banks are saying is congress clearly wants to blame them for
the snafus. they believe, they want to show the banks were unprepared, didn't do due diligence, just handed the money out. the banks, of course, are going to come back and tell you what i told you, your guidance was lousy. it was broad. it left us open to legal liabilities if we didn't hand out the money either to our best customers or our best customers on a first come, first served basis. couple more things. early discussions, neil, about a new round of stimulus. ppp is not part of that, from what i understand. and again, the surge of people that want this money is taxing the system and a lot of that is on the government end. i will wrap up with this. today, thanks to joe biden, i'm someone who has covered finance for years, i never -- i have heard the term economic intercourse before as a way to help the economy. maybe you can help me out with this. you have been doing it longer than i have.
neil: one at a time. well, we will be pursuing that later, actually. thank you very much. we are on remote here. yeah, all right. nice shirt, by the way. all right. we have a lot more coming up, including this assault right now on amazon. that's how amazon sees it. the senator leading the charge and what the charge is, after this. you wouldn't accept an incomplete job from anyone else. why accept it from your allergy pills? flonase sensimist. nothing stronger. nothing gentler. nothing lasts longer. flonase sensimist. 24 hour non-drowsy allergy relief
. ♪ neil: senator josh hawley is pushing the justice department looking whether amazon is violating antitrust rules here, namely by spying own third party sellers. it is a little more complicated than that. susan li with much more. susan. susan: "wall street journal" investigative report last week that amazon knowingly used third party data to make its own private label goods better. josh hawley says this goes against section two of the sherman antitrust law. if you remember this was a statute used to prosecute mike
so the. in a letter to bill barr, hawley said antitrust law empose espn in thes to companies that pry to marion taken monopoly -- impose penalties to companies that try to impose monopoly power. this is made by a small brooklyn company. apparently one of the employees by "the wall street journal" that they used data, research reports looking into this the specific trunk organizer to better produce and better price amazon's own trunk organizer. by 2009, amazon had similar trunk organizers that were similar best-sellers. reaching out to amazon. >> they say to us, we don't believe the claims made by "the wall street journal" are accurate, we take the allegations very seriously. wet launched internal investigation. to be fair, other companies, retailers, drugstores, grocery chains, retailers that make
their own private label goods. we don't know what their data and data practices are but you think you have to really zero in on amazon's market positions. they oversee half of the e-commerce space. worth $1.2 trillion. the stock has skyrocketed. people are busy at home. they order on amazon. they even stream on amazon. that solidified jeff bezos as the richest man on the planet. neil? neil: stock mark reaction. that is expensive stock, when you are lose 4points. that is record two days ago. i wonder about the longer term market impact? susan: as you see by the stock price, we have earnings by the way on thursday i don't think it will have a long-term impact unless it actually has teeth there is an actual investigation. neil: all right. susan li, thank you very, very much. let's look how we're doing in the market right now. technology stocks, amazon, included are taking it on the chin.
so what they giveth, they taketh away very quickly. the dow itself up 91 points. we're close to the end of the month. for the s&p 500, certainly for the dow it looks to be very good one. s&p 500 off north of 11% going into today. that would be the strongest monthly performance, i don't know whether its localized to april, since 1987. so there is that for now. more after this.
neil: all right. we have a market that's up right now, wants to stay up a couple days this month where it could have some pretty impressive numbers. no doubt cheryl casone will take that, looking at a lot more filling in for charles payne. hey, cheryl. cheryl: thank you, neil. i'm cheryl casone in for charles payne. this is "making money." stocks are searching for direction as more states moving towards reopening. the president striking an optimistic tone today. and investors are waiting on earnings from the biggest companies in technology. we are going to have all the latest on all of this coming straight up. as you can see, dow up 66. also this, senate majority leader mitch mcconnell in a showdown with state leaders over a federal bailout. who will win? who should win? i'm asking kristin tate in just five minutes from now. oxford university says it may