comparemela.com

Card image cap

We await President Trump right now, probably in about the next hour or so he will be addressing the top of the Coronavirus Task force. One of the Big Questions will be about his conversation earlier this morning with russian president vladmir putin. The white house has said that those two talked about the need to stablize energy markets. The president saying earlier this morning that he believes oil prices are too low. Russia and saudi arabia are fighting and they have driven down the price of oil and i never thought i would be saying that maybe we have to have an oil increase because we do. The price is so low, theyre fighting so crazy over distribution and over how many barrels to let go. Reporter the president also said that he would like to see hazard play, hazard pay, rather go into effect for the nurses on the front line in the hospitals treating the coronavirus patients. The treasury secretary Steve Mnuchin said earlier today, speaking with Stuart Varney that receipt now theyre more worried about implementing this 2. 2 trillion phase 3 package but he did leave open the possibility to a phase 4 down the line. Were deploying this money now and, as we see how the virus goes forward, were ready to work with congress if we need more enhancements or additional fund. Reporter democrats when they were putting together this 2. 2 trillion package with republicans and the white house wanted to see some sort of oversight, make sure the 2. 2 trillion, especially talking about the money going to corporations and businesses, wasnt being put to waste and there wasnt fraud involved. We know who will be overseeing that effort, connell, glenn fine, inspector gin at the department of the defense will have oversight of the implementation of this relief package. Back to you. Melissa blake, thank you. Now over to Edward Lawrence on. Stimulus bill. Edward. Reporter melissa, when can we get our money . That is what a lot of eligible americans are looking for because theyre concerned about making payments. Im told from the senior treasury official the irs started today to start processing those payments. This could take a while. Because they have to go through 142 million tax returns, to see who is eligible first. See if there is direct deposit or a check is mailed out. This could take several weeks. Senior treasury official tells me it will be april 17th, is when the first deposits will be made. Beyond that, the next week you can expect a lot more. House Speaker Nancy Pelosi saying late this afternoon she wants one more round of direct payments in a phase iv stimulus bill. That is where Small Business help, will come a little faster. Banks that already have a relationship with them and a network is in place to disperse the money this friday Small Business owners can apply for a loan, that will be retroactive until february 15th. That allows businesses to hire someone back who may have already been laid offer. These loans will be available, starting on friday, which will be at lightning speed. We hope later today, that well be releasing the documents and the instructions t will be a very simple process where Small Business owners can go to any of the existing sba lenders but they can also go to any fdic insured institution, any credit union, any fintech letter that has signed up for this program. Reporter Steve Mnuchin talking with our Stuart Varney earlier today. The loan would be forgiven if the company does not reduce its payroll by 25 or more, the loan could be forgiven. If they reduce it more than 25 , the loan forgiveness would shrink by the appropriate amount. This money could be used for utilities. It could also be used to pay mortgages, salaries, also rent or a lease payment. Back to you. Melissa edward, thank you. Connell . Connell lets go back now, melissa, look at this day in the markets and we end up higher by nearly 700 points on the Dow Jones Industrial average. The s p and nasdaq also having a terrific day of trading. Now, you add oil around 20 bucks a barrel. So you had that falling. A few Different Things going on at once here. To edward and blakes point, there is hope in the market of more stimulus delivered. That is something investors are looking at, continue to look at. There has been some talk that the extended shutdowns like we heard the president announce last night, if anything might control the virus, limit as hard as it is to imagine now, the longterm economic damage caused by the virus. All of this said, were on pace, i believe still for the worst month for stocks since october of 2008 to put everything in perspective. One individual stock we were watching closely was macys. Macys made announcement earlier that they were going to furlough the majority of its workers, 130,000 people or thereabouts. This stock has been sold off by 60 or so over the last few months. They tried all kind of things to save cash at macys, suspending the dividend, on and on. When it came down to it, the Stores Remaining close because of the virus, the decision was made to furlough workers. They will continue to pay Health Benefits at least through the month of may. We extend the gains for last week at least of now. We have 700 point advance on the dow. Back over to you. Melissa here now is Dan Henninger from the wall street journal. He is also a fox business contributor, and dan, one of the biggest questions everybody is grappling with right now, how much of this damage to the economy and to all of these businesses is permanent . What will come back and what wont, what do you think . I think this is the biggest variable the market is not able to price in right now. That is specifically human behavior. What will be the human behavioral response when we get past this as we will . Will people go back to behaving as they always did . I dont think anyone knows that, whether they will be traveling as much as they did . Going out, travel and leisure. We had a booming economy before all this happened. Ive been thinking, melissa, in terms of putting all the money in peoples pockets, the idea they would go out and spend it, what if people are concerned and decide to put it in their savings accounts and not spend the money . After the pandemic of 1918 it took several years before the United States got back to usual. People were really kind of hunkered down after that experience because it was so severe and i guess im kind of wondering, i really dont know the answer, what the American People are going to do . They after all are the american economy. That is a question none of us can answer right now. Melissa yeah, well, given the amount of money i think most people will pay the bills. I dont think they will have the luxury putting it in their savings account. I understand exactly what youre saying. After 9 11 we wondered would people travel again, would they be too afraid to fly, will things get back to normal . They did do it but it took some time. My question, dan, what has the market priced in at this point . We saw the market bounce off the 20,000 point. We know Steve Mnuchin says he thinks the economy will bounce back in the third quarter. A lot of people will expect these companies will have no earnings whatsoever. When you look at those numbers, what do you think is priced in right now . Well i think the biggest thing priced in right now is survival. Isnt survival the point of everything that we, and congress has been doing right now . To try to keep the economy afloat . Or some of us have been saying, put it in a directed coma for about four weeks until we survive the virus . I think past that point what theyre trying to price in which pieces of the economy are going to function again or come back the quickest . It got a lot, biggest winners so far are say amazon, which is the at t of stocks of our time. The gold standard, the safest stock to be in, or Health Care Stocks which obviously are going to do well for the long term but the question as to the rest of the economy i think it is an open question. Which pieces of that are going to come back . So far were trying to keep as much of it with our heads above water as we can. Melissa you know, when you look at things like macys, that is the big story today, because theyre furloughing the employees. They say they will bring them back in a staggered fashion. You and i both know macys was already hurting before this. They already had too many locations. They were looking to get rid of some employees. This is hastening that but dan, a lot of businesses are in the same boat, right . The retail sector. That is one of the biggest stories of our time. How online purchasing was hollowing out the formal preceding retail spector. I think this will simply hasten, make inevitable the transition of a lot of Retail Operations to online because all of us are getting used to conducting all of our lives online. That is kind of one of the things im referring to, behave al responses will people go back to stores likes macys . I doubt it. I think it will be online. Companies have to adapt to that. Melissa thats right. Dan, always brilliant. Thank you. Connell . Connell all right. Melissa, for more what comes next, lets bring in robert wolf in, robert former Economic Advisor toe president obama, fox news contributor, ran uba america. Interesting, robert, all the talk is not about phase three and stimulus we havent seen phased in yet, but investors are moving on to the fact more might be needed, a socalled phase iv. Lets talk about that. Do you think the government will have to step in and do more and if so, what should the next priority be . Thanks for asking. Very interesting conversation between dan and melissa. One i would say phase three was not big enough. I think they were short a trillion. That means if i were voting i wouldnt vote for it but i would have argued for a lot more. I would have argued three things, obviously a lot more to medical and hospital workers. Number two, a lot more to states. That is going to feel the impact immediately and for the foreseeable future, and three, larger direct payments to those unemployed and furloughed by covid19. It was too small. Not a stimulus as it wassuppose. More of aha on fridays jobless claims numbers of 3. 3 million. What everyone is predicting thereafter of somewhere between 10 and 20 unemployment and possibly 20 to 30 of negative gdp. So we are now in a recession. The question is, connell, is it going to be lshaped, ushaped or vshaped . Our goal is obviously u or a v and our goal is to have it before the fourth quarter, at least into the fourth quarter. So the stimulus package will have to be sizable coming up. There will be at least another one or two. But also, i think, to what dan and melissa were saying, how do you get the consumers back . And in my view would be to also add a sales tax rebate and a job, payroll employee lowering of the tax. That way it also gets the consumer going again. You eventually have to, once you get the labor side back, you need to get the consumer side back. That would be probably a fourth phase. Sorry about that. Connell wow. I mean you think about it, robert, though, it is just, it speaks with those projections on unemployment and growth or lack thereof how deep this hole at least in the short term is, if you can almost, in cavalier fashion say, well two trillion, that is not enough. A lot of people feel that way. On the issue of the states, i do find that interesting for a number of reasons. One President Trump brought it up on friday. He was asked about it, what would you support . That is the one thing he mentioned. I wonder if this whole one size fits all because they had to get it out so quickly, is an issue for many states that are hardhit that will see their budgets be hard hit . Many states, new york is an example, not only one, you have a higher standard of living you put money in for workers, put some caps on Small Business you dont have as much bang for your buck, do you, as opposed to some of the other states youre not making as much money and you dont need as much help . That is a great point t starts with the revenue side. Unfortunately with more people unemployed on furlough you will not have the tax side. Then i think the second part, weve never seen anything like this. I was obviously part of advising obama during the recovery act of 09. We thought 900 billion at that time was too small. We thought it should have been 1 1 2 to 2 trillion. This is much deeper and broader than that. Youre tacking about a much larger unemployment figure were talking about. Back then it was autos, financial, home this is much broader this is the service sector, hospitality, retail, bricks and mortar. Weve never seen anything like this. That being said, connell, i think it will be more a technical recession, caused by a pandemic. The market was strong before this the economy was strong before this. The question what do we do to reverse this quickly. It starts with the pandemic itself. Connell all right. Robert, always good to talk with you. Well keep checking in with you. Thank you, connell. Connell as we continue here, youre welcome, with melissa we have a numbers check as weve been doing on a daybyday basis to give you perspective where we are. More than 766,000 cases worldwide of covid19. 153,000 plus confirmed here in the u. S. Those are the new numbers that have come in here the last hour or so. We have at least 23 states that have 1000 cases, 23 with 1000 cases. 10 states with four thousand as the medical world face as shortage of supplies which well continue to cover. The latest on the pandemic. Another industry under pressure is just ahead. Plus what else, melissa . Melissa hospitals bracing for the worst. New york city preparing for a spike in new cases as a navy ship arrives in manhattan to ease the burden on crowded city hospitals. Were live on the scene next. As a doctor, i agree with cdc guidance. I recommend topical pain relievers first. Like salonpas patch large. Its powerful, fdaapproved to relieve moderate pain, yet nonaddictive and gentle on the body. Salonpas. Its good medicine. Hisamitsu. Melissa help is coming to new york city. The u. S. Navy hospital ship comfort arriving in manhattan this morning to treat noncoronavirus patients. Bryan llenas is live at peer 90. Bryan. Reporter melissa, new york city mayor bill de blasio says they need to triple the number of hospital beds in this city by may. The usns comfort Naval Hospital ship is one of those that has 1000 hospital beds and they are only going to treat noncovid19 patients only in an effort to relief new york citys hospitals so they can really focus solely on taking care of those covid19 patients who are sick. Not just about the beds and the doctors and the equipment. It is also about hope. It is also about boosting the morale of new yorkers. Reporter in addition to the 1000 hospital beds, the usns comfort has 1200 medical personnel and crew made up of Navy Active Duty and reservists. Doctors, nurses, technicians, surgeons that have comb from all over the east coast to help new york. The comfort is equipped with 12 operating rooms, 80 iceu rooms, xray machines, physical Therapy Center and a pharmacy. The comfort will accept 50 noncovid19 patients a day starting tomorrow, is what were told. Patients will be tested and screened for covid19 at the respective hospitals. They will be screened again at the temporary hospital at the Javits Convention center and taken by ambulance to the ship. The crew has undergone two covid19 screening processes themselves. Only a handful of crew will be allowed to leave the ship. We are really, really going to be vigilant in insuring we dont introduce covid on to the ship f it were to happen weve got a, very, very deliberate and a very speedy process to isolate and get people off the ship. Reporter the usns comfort wasnt even supposed to be ready by now. It was scheduled for maintenance. They sped that up and saved three weeks, luckily. They also drudged, drinked this portion of the harbor on peer 90, so this 70,000ton, 900foot former oil tanker could dock here to help new yorkers. Incredible comforting to see the ship pull up to new york harbor today, melissa. Melissa it did. Made a difference in spirits here in new york, bryan. Thank you. Nationwide walkout . Workers for two Delivery Services going on strike today over unsafe working conditions brought on by the virus. Plus, connell . Connell well navigating this new normal, how one Sports Entertainment company is adapting amid a series of shutdowns. From anyone else. So why accept it from your allergy pills . Flonase relieves your worst symptoms which most pills dont. Get allinone allergy relief for 24 hours, with flonase. Im part of a community of problem solvers. We make ideas grow. From an everyday solution. To one that can take on a bigger challenge. We are solving problems that improve lives. Melissa millions of americans already lost their jobs amid the coronavirus pandemic and some workers who are still employed are now striking due to what they call unsafe work conditions. Fox businesss susan li has the story. Susan . Reporter one facility, fulfillment facility for amazon at Staten Island, new york, 100,000 nationwide for instacart. Start with amazon. 100 people walked off the job after noontime today, they are protesting what they call unsanitary conditions. Listen. We have no masks. I have to wear scarves. We have no masks. They provide us with masks. They say they do, they dont. We dont have the right type of gloves. We dont have latex gloves. Were not in the medical field. Theyre downplaying everything. Somebody needs to be held accountable. They need to take care of their people. Reporter what theyre asking for personal protection gear. Theyre looking for masks, for gloves, not rationing of wipes which some say are only given out maybe twice a week. Amazon, and i guess, in response to this saying these accusations are simply unfounded. Were working hard to keep our employees safe while serving our communities and the most vulnerable. We have taken extreme measures to keep our people safe. 13 facilities across 10 states that have coronavirus cases amongst the Amazon Fulfillment Center workers. Not just amazon. We have instacart that delivers for likes of walmart, target. 200,000 people work at instacart. Half of them walking off the job, protesting what they call unsanitary conditions. Theyre requesting, sanitizer, wipes, hope, hazard pay of five dollars extra per order. Instacart in reaction over the last month our team has had a unwavering commitment to prioritize the entire instacart community. It is not just instacart and amazon that online orders are surging. There is a rush to the got orders filled. Whole foods market saying some employees are going on sickout on march 31st. There is a call for a group trying to unionize whole foods workers. What theyre looking for, theyre looking for hazard pay in these coronavirus times, and Health Coverage for seasonal workers. There is a lot of demand, guys. But also to fulfill the demand, you need workers and the workers want to work in safe conditions. That is what theyre protesting right now. Melissa right. Theyre making a lot more money right now, susan. So they have it to spend. Well see. Thank you. Connell . Connell bring our panel to talk a little bit more about this, fortune executive editor, fox business contributor Adam Lashinsky joins us along with our own Cheryl Casone in the newsroom in new york. Adam, you covered the Technology Companies for so long, begin with amazon, did you think you would have a conversation about amazon workers on the front line of a health hit emergency of health emergency. Worried about their safety . Not did, this giant employer, growing exponentially almost in terms the number of people they put to work but on the other hand these are not all the greatest jobs in america. Theyre jobs and their workers were thankful for that but always had gripes about the conditions in their warehouses, the rules that they had to follow, the hours that they had to work, so on. So you know, one, it is their moment. They have the leverage. They are in such demand right now as, and secondly, they are literally putting their lives on the line, as you say in a way we hadnt anticipated. So it is their, it is their moment i would think. Connell and you know, we need them, cheryl because that is the other part of this. You have a company like amazon or instacart delivering groceries. Think about Companies Like fresh direct in new york. These are people that are hiring, they need to ramp up. They cant even keep up with the demand. While everyone else is cutting jobs, were concerned about worker conditions, these are companies that are adding workers. That is a good thing. Obviously adam makes a great point, this is the time to shine, what about us . These are difficult jobs. Remember 500,000 jobs by amazon in the United States. 5000 just at the that Staten Island facility susan was reporting on that went on strike. We want to be safe and want to be healthy but at the same time this will bring up for future after the coronavirus is over, as people change their shopping habits, they get more and more used whether amazon fresh or walmart or target or kroger having things delivered, going on to an app. You could be 80 years old on an app ordering groceries of course you will do that the companies will benefit long term. They will focus on employees now, whether cleaning the environment, cleaning warehouses or boosting pay which i have a feeling would be much more strategy to keep them happy might be a right way to go for these grocers in particular. Melissa you know it can backfire as well. Amazon used to be the first place that i went to get online delivery but now im turning to other services. I dont know if other americans are in the same boat, but you cant get a window in new york. I used only go amazon. I tried out all the other services instacart, mercado, everything because i cant get a window. I wonder, is amazon theyre introducing me to all of their competitors. What do you think about that, adam . Am i alone in that sentiment . Well, even in the absence of a crisis you wouldnt be alone in that in that this market is growing so rapidly. In other words, the market to get things online, as opposed getting them in a physical retail location. Now you have this horrible situation and it is accelerating that. So you wouldnt be surprised that you are looking at other service providers, even as amazon is growing in a huge way. I was also thinking while we were talking, if we were talking about icu nurses or talking about soldiers i think we would have a different taste in our mouths, if the subject came up of a strike demanding more pay and better working conditions but intuitively we dont feel sorry for the corporations, very wellfunded profitable corporations employing these people. We feel sorry for the workers. I think thats normal. Melissa yeah. Cheryl what do you think . Well i just want to say, real quick, dont get mad at me, i did get an amazon fresh delivery in new york city over the weekend. Maybe only person i got a time, melissa. Like you i was shut out of amazon fresh for a long time. So, i dont know, i will try to order for you next weekend. I think at this point it is pay, you know, look at walmart though. To adams point, i have a feeling places like walmart and target and kroger will see exponential growth over the next few months, again when all of this crisis is over. That is why people are so interested in the stocks right now. But when you have amazon to your point, when amazon doesnt have delivery times, yes, that hurts their business because you start to go somewhere else. I went direct to whole foods even trying to get a delivery, not successful. It will be, it will be interesting how this plays out, melissa. Melissa i used target same day delivery for the first time. They are in big trouble because i love target. Adam, cheryl. Thank you. You bet. Fox news alert. Ford announced it will partner with Ge Health Care to produce 50,000 ventilators in michigan in the next 100 days and up to 30,000 ventilators a month after that as needed. Connell . Connell all right. More and more companies stepping up like that. In the meantime were waiting for an update this evening from the white house, the Coronavirus Task force will be giving as you briefing on the pandemic as they do just about every day. That is a few moments from now. As soon as it begins we are there live with any breaking headlines that come from the president or the task force this hour. Plus Army Scientists at fort detrick researching potential vaccines for the virus. We have an inside look. That is all ahead. Melissa, what else . Melissa real quick, personal business, good friend, jason is having his birthday in quarantine like all of us today. We want to say happy 10th jason. Happy birthday, jason. Melissa connell, you have a birthday, right . Connell we do in our house. My daughter caroline turns 15 today. She is no doubt looking forward to it. Very happy celebration with her family in quarantine. There she is sitting in our studio. Looks better than me in my seat earlier today. Were lucky ice cream is essential business here in new york. Well have a little cake later on today. Good stuff. A little fun. Well be right back. Happy birthday. Mornings were made for Better Things than Rheumatoid Arthritis or Psoriatic Arthritis. When considering another treatment, ask about xeljanz xr, a oncedaily pill for adults with moderate to severe Rheumatoid Arthritis or active Psoriatic Arthritis for whom methotrexate did not work well enough. It can reduce pain, swelling, and significantly improve physical function. Xeljanz can lower your ability to fight infections like tb; dont start xeljanz if you have an infection. Taking a higher than recommended dose of xeljanz for ra can increase risk of death. Serious, sometimes fatal infections, cancers including lymphoma, and blood clots have happened. As have tears in the stomach or intestines, serious allergic reactions, and changes in lab results. Tell your doctor if youve been somewhere fungal infections are common, or if youve had tb, hepatitis b or c, or are prone to infections. Dont let another morning go by without asking your doctor about xeljanz xr. Melissa on the hunt for a cure. Army researchers at fort detrick are working on potential vaccines for coronavirus, the very same lab that found a breakthrough treatment for ebola. Fox newss Jennifer Griffin at the pentagon with details. Jennifer . Reporter melissa, we were taken behind the scenes by Army Secretary ryan mccarthy. These Army Researchers came up with vaccines for anthrax, plague and ebola. Were h theyre working double shifts at this sprawling lab complex at fort detrick in maryland. They can shoot 300 different compounds, drug compounds at one time, some like known drugs, like chloroquine into vials of the virus to see how it reacts. That is where they take some of the virus on to cells. They look for the virus will kill portions of the cells, and they will count the killed portions. We can test 300 drugs or compounds in each place. The cells in it. We had compounds using robotic systems. We transfer the plate into bio. Then we add the virus. Reporter since 1969, the u. S. Army medical Research Institute of Infectious Diseases known as amriid has served as the pentagon lead laboratory for biological defense research. It has worked with biotech firms like gilead, to discover drugs like remdesivir, an antiviral which combats ebola which they think will work on covid19. They have sneeze labs, a technology the u. S. Army invented to test how the virus spreads through the air. The anthrax vaccine that we helped developed, theyre are plague vaccines we developed here as well as vaccines and treatments for ebola virus. There has been a long history, at least 50 years of research and development all the way from the bench top to a final clinical product. Theyre working 24 hours a day, seven days a week. Genitally has it j. J. General tally works it out until we have a parking lot full and we win. Reporter that is secretary ryan mccarthy. It may take 18 months to get a vaccine. Tests on ferrets may hold the key to coronavirus own humans. Melissa. Melissa wow that is fascinating and hopeful. Thank you for that story, jennifer. Thats great. Connell. Connell we talk all the time, melissa how we get the economy reopened. There is a new paper out trying to give us a road map for reopening of america a group of health experts, former fda leaders, releasing a National Step by step Coronavirus Response plan. Were joined by one of the authors of that plan. Mark mcclellan. Former fda commissioner and dr. Mcclellan as we jump into this, i think a lot of policymakers and Business Executives read this plan over the weekend. Let me start big picture. Then we can maybe dive into a few of the specifics. If they read it what do you think their takeaway big picture should be . Connell i think their takeaway should be that we have pa path forward out of this and the goal should be to take these steps as quickly and effectively as possible. The next few weeks will be really tough but theyre also really critical for putting us on a path to reopening the whole economy. Connell you guys break it down in phases. Were in, the whole country in phase one according to your analysis right now, trying to stop the spread of the virus but i want to put up on the screen what the triggers would have to be for a state or locality, one state to move to phase two. And, the phases are now up there. So phase two is reopening the states on a gradual level. Lets talk about how we get there. Sustained reduction of cases for 14 days. You say we need to do that. The hospitals in the state were talking about need to safely treat all their patients without having to resort to a crisis standard of care. The other things on this list, there are two other criteria. The state is able to test all the people who have covid19 symptoms and also the state is able to conduct active monitoring of confirmed cases and their contacts. We read through this we know were aways away, but can you picture us getting there . Is there earliest point one state in the union might be at phase two in the next few weeks . Next few weeks will be the worst of this whole epidemic as we see the surge of cases from the initial epidemic reaching their peak. That will happen at different times and different places unfortunately tough situation in new york right now and other metropolitan areas may face similar challenges. With the steps we outlined including this massive response taking place around ventilators. Also the very extreme steps that weve taken that have been so disruptive to the economy have been so important for slowing down the spread of cases. So what we expect to see happen is, those cases will peak. The Hospital Capacity will increase. Were going to increase our capacity for testing everyone who may be at risk or who may have symptoms of the disease, so that if we have another outbreak well be able to get on top of it much more quickly and effect testifily. Well also be monitoring in communities to know how much exposure there has been and how secure they are in case of another outbreak. Those steps could happen in a matter of weeks. But like i said, it depends on effective actions over the next few weeks as were dealing with the surge and it is going to happen at different times in different locations. Connell so in a place like where were broadcasting from in new york, logic would tell you it would take much longer. Is there a minimum amount of time for a large metropolitan area like new york going through what it is going through and new jersey and connecticut in the mix as well, would have to continue the methods that we have in place right now before we could even think about phase two . Well some areas may not face that big of a surge. For areas that are really hard hit like the new york metropolitan area that is actually happening sooner. That is starting to happen right now with hospitals facing overflows and unfortunately lots of growing number of deaths. In the next few weeks, if were able to Surge Capacity in new york and continue the steps the state has already taken, the governor has taken very important steps, working with the federal government and the private sector to increase both Hospital Capacity and Testing Capacity, you could see new york starting to come out of this pretty soon. So the things i have looked for in the near term, do we see a decline in number of cases and hospitalizations . Does the Testing Capacity really get up there . So we can have more confidence that the Health Care System and the Surveillance System in the state can protect new york as soon as possible from Something Like this happening ever again. Connell okay. So if you do the job now you can come out sooner. Weve seen that in other parts of the world as well. So i guess that does stand to reason. Doctor, doctor, thank you for joining us. Important work. Thank you. Connell talking about all of this. You know, this whole idea of finding a way to stay relevant, one Sports Entertainment company trying something a little different to keep fans entertained. Well have that. Plus, melissa . Melissa in just a few moments from now, the task force is set to give a briefing on the pandemic. Well give you briefing from the white house this hour. Its the next one. You always drive this slow . How did you make someone i love . That must be why youre always so late. I do not speed. And thats saving me cash with drivewise. [mayhem] you always drive like an old lady . [tina] youre an old lady. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Connell fox business alert. We come back from washington, d. C. , the district has issued a, what theyre describing as a mandatory stay at home order. That follows the direction from maryland and virginia with similar orders in place as number of cases in the d. C. Metro area has more than quadrupled, more than quadrupled over the past week. Melissa . Melissa consumerbased industries under pressure. Popular indoor golfing range franchise, top golf, announcing it is closing the u. S. Venues due to coronavirus. Joining me on the phone is eric anderson, top golf entertainment executive chairman. Eric, thank you so much for joining me. You know, your company was going great guns with some fans, expanding so many locations before this started, how are you sort of hunkering down and conserving cash and, what is your outlook . Well, melissa, thanks for having us on again. It is nice to be back with fox from last at the u. S. Open. Were doing the most important thing. First, were being safe which is the most important. Were looking at our associates. We did have to furlough almost 20,000 people. That is a common story right now, as we know. Were continuing their medical benefits and were looking after them every way we can. Were working with all of the leaders in the country, you know, to get back to work. But we have to be safe first and so were all fighting the virus now together. But thats where we are. Melissa youre in the opposite position, we keep doing stories like macys, cheesecake factory, they had businesses that were, seemed to be contracting before this happened, and maybe they were looking to get rid of locations, so this would be an opportunity to do that. Youre in the opposite situation where you were expanding. You were about to open 10 more locations, were you not . How do you deal with that . Well, yes, we were expanding right up, you know to this unfortunate circumstance and were working with all of our vendors and contractors so when we come back to work safely we can, get back to working on you know, building more venues, creating more jobs for, you know, for americans around the country and all the communities where we were, so excited to come to. Melissa are you making any changes for the future . Do you worry at all that people wont want to congregate that closely to have food and drink around and area theyre getting together, hitting golf balls . Do you think you will behave differently . Will you make changes to the business . As you know our venues are outside. We have quite large spaces to begin with. So probably were advantaged more than inside venue. Were optimistic that people like to get together. Im sure well all pay a little more attention, you know, to safety. Were always very, Pay Attention to cleanliness. I think we have confidence that well also have good technological, you know, solutions if you will and medical solutions to this. Obviously unprecedented circumstance. Were confident, certainly our fans and associates and customers are saying theyre excited to come back to top golf again when it is safe to do so so were optimistic for the long term. Melissa your business is little like starbucks, that your customers are addicted to what we do. People who play golf cant live without it. You definitely have that going for you. Best of luck to you. I know well see you at the open soon. Thank you so much. Melissa connell . Connell you know, were waiting, melissa for an update out of the white house. The Coronavirus Task force has the Daily Briefing set to begin moments from now. It will be outdoors. It will be in the rose garden. Well bring you the latest numbers ahead of that as they come in to us when we come back. Meet jim. For jim, comfort is king. Which is why when it comes to his dentures only new poligrip cushion and comfort will do. The first and only formula with adaptagrip cushioning technology. Choose new poligrip cushion and comfort. Connell were moments from a Task Force Briefing live live from rose garden. Cheryl . Reporter we got an afternoon update, numbers are not good italy, passing 100,000 mark. 23 states in this country have over a thousand cases, 10 states over 4,000. Up center is new york epicenter is new york. Remember that is because more testing has been happening here. 66497 cases. One thing that governor cuom desay today cuomo did say today, the hospitals up and running. Were seeing a pattern of slowing. Before we saw cases doubling every day. Then cases were doubling every two days, then three, now case loads double every 6 days, but the testing has increased. First off, i want to hear from dr. Fauci, he created a lot of shockwaves yesterday at the afternoon briefing talking about we could have 100,000 to 200,000 deaths, i am curious to see if he will back away from that. The task force. To see if this lockdown it working. There will be questions in the rose garden. Connell that is better for social distancing, melissa that is where they held the news briefing yesterday, they will be outside against today, waiting for the president to come out of the west wing. Melissa that does it for us, lou dobbs tonight, starts now. Lou good evening, President Trump is expected to take podium at the White House Briefing room. Any moment now. It will not be the Briefing Room as you see there, it will be the rose garden, he is his Coronavirus Task force continuing to deliver critical information to the American People about where we are in this great battle against the wuhan virus. As of this hour, the virus has killed at least 2880 americans. And there are almos almost 157,0 cases in country tonight, i will

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.