Friend. Were watching that very closely. Were keeping close eye on washington. Were focused on capitol hill. The house taking up the stimulus measure, relief measure, whatever you want to call it, to the tune of 484 billion. Now the house physically there, in person, some Wearing Masks to make sure they get this done. Lets get the latest from chad pergram, how this will all sort of fan out. Chad . Reporter hey there, neil. This is the debate. They started 15 minutes ago on this bill, about 324 billion of this goes to Small Businesses. You might recall a couple weeks ago that fund ran dry. The cupboard is bare. The cost of this bill ballooned from 251 billion specifically to Small Business, to 484 billion as you say. House Speaker Nancy Pelosi says democrats improved the bill. There is money in here for hospitals and testing. Listen to the speaker. Im very pleased that it was transformed from a bill two weeks ago on the floor where the leader in the senate said, this is it, 250. Were not doing anything else. That failed to get unanimous consent. At the same time other proposal was put forth. Reporter democrats are contending more money is needed for states. It is unclear if this Small Business fund could run dry again soon and the administration would ask for hundreds of billions more. House minority leader Kevin Mccarthy was noncommittal. Think about how much we passed already. This is almost, this is over 400 billiondollar bill. The one before was more than two trillion. We should have that all implemented and working before we look to pass something else. Lets see what the data what we need. Reporter there are two votes today. The first vote will be on the establishment of a select committee on coronavirus, and then they would actually vote on the bill. They will handle this vote this, series of votes much differently than they ever voted in the house of representatives. They will subdivide the house into nine blocks. Members of groups of 40 or 50 will come into the chamber and have 30 seconds to cast their vote. They will be asked to immediately leave to retreat to their offices. In between the votes they will close down the house chamber. They will take 30 minutes to clean the house chamber. They will commence with the second vote later this afternoon. Were thinking may only be about 300, 350 members who show up for the votes this afternoon. Neil, back to you. Neil fascinating. Thank you, my friend. Chad pergram following all of that. What is happening now with the funds allocated as part of this extra 320 to 360 million bucks coming Small Businesses way. The president made very, very clear. He doesnt want to hear anymore examples of a Harvard Endowment Fund getting money not meant to be part of this program or shake shack having to turn back 10 million that it got originally in the program. Those are not the type of intended recipients for the aid. The president wanted to make sure the guidelines are adhered to. And it is strictlyonly given to Small Businesses but the devil is in the details. Blake burman on all of that. Hey, blake. Reporter hi, there, neil. Starting to see continued reaction who got money in the first go round of the cares act and ppp, Small Business loan program and questions about whether or not those companies should have gotten it in the first place. For example, there are over 40 Public Companies who got money that round one while many mom and pops are still trying to wait for their money, potentially in round two. So today the Treasury Department put forward 11 pages worth of guide lance and they singled out at one point Public Companies as well saying, during the guidance, at one point, quote, it is unlikely that Public Company with substantial market value and access to Capital Markets will be able to make the required certification in good faith and such a company should be prepared to demonstrate to the Small Business association upon request the basis for its certification. Meantime over at the white house today, neil, officials i spoken with are quick to push back on georgias reopening plans. The white house is saying that governors should be taking the lead but the way georgia is going about it, allowing reopening of things like hair salons, tattoo shops and bowling alleys doesnt meet the phase one guidelines. Congressman doug collins says his georgia district is seeing increase in coronavirus cases. He added his concern. Clear communication has to happen. When you tell people stay at home, yet were going to open certain businesses that creates a problem which people are not sure what to do. Reporter so, neil, those two stories a part of the delicate balance going forward. Who should receive money and who shouldnt, along with how should the states and areas reopen and when and what is an appropriate reopening look like. Neil . Neil blake burman, thank you very much, my friend. All right, you might write this down in pencil right now. 26 million americans, just shy of that who filed unemployment claims over the past five weeks. That number wipes out all the job gains we had from the Great Recession and all the comeback we were making this is almost entirely coronavirus related. One thing that is getting attention though is that the trend was down a little bit from the prior week. The prior week was down a little bit from the week before. So, grasp on anything they can. Jackie deangelis following all of this right you no. Hey, jackie. Reporter good afternoon to you, neil, thats right. Because there was a little dip last week, i think there is optimism in the market. 4. 4 Million People filing for jobless benefits in the weekended april 1th. That was last friday. March 15th, to about today, as you said 26 million americans lost jobs because of the coronavirus pandemic. Ubs is saying when this is all said and done, that figure will be closer to 50 Million People. Now it raises fresh questions about when to open the economy, when to get people back to work. Many unknowns still as the states are trying to manage their individual situations. The first friday in may well get another monthly jobs report. Unemployment rate went up to 4. 4 . That was up from the 50year low. High does the Unemployment Rate go . The may report reflect actual april numbers the worst of it or will this continue through may and sort of prolong the pain for unemployed americans . Want to switch gears for a second and talk about another data point which is new home sales for march. New Single Family homes, the sales dropped more than 15 . It was six 1 2year low as a matter of fact. It makes sense under stayathome orders folks are not shopping for new homes or contemplating making a big new purchase like that. The final piece of news here the gap says it stopped paying rent in april for stores that are shut down. This is a trend weve seen. Staples has done this. And the concern other big retailers are going to do this as we move forward. The goop says it needs other forms of liquidity. One way to do that is unfortunately slash more jobs. The second way, try to obtain financing which is a difficult thing to do right now. Neil, if this is the start of a trend, it will be a sign of a bigger problem. Back to you. Neil all right, jackie, thank you very, very much. Meantime as jackie was wrapping up there, were getting numbers out of new york state on hospitalizations. That is a forwardlooking indicator. I know you hear about deaths. Tragically theyre the last step in this process. You want to see how many come into the hospitals to sort of fan this out, get an idea where were going. The trend is certainly the friend in the empire state right now. The governor reporting that hospitalizations fell by more than 500 on april 22nd from about 15,599 a day earlier. This continue as trend i believe now, 10 days in a row where hospitalizations have been falling. That is among the criteria that they look at that, and drug testing which would prompt the reopening or shall i say the reconsidering of strict athome provisions in states like new york and a host of others. Many of whom said we will consider dialing things back in the middle of may. This might be further ammunition to seriously consider that. So well keep you posted on that. I want to go to andy card, president george w. Bushs chief of staff on these developments. You know i mentioned that, andy, always good to have you, that is the balance for governors, that is the balance for each and everyone of them, because there are different trends in different states and georgia, the criticism of a republican governor by a republican president is that he is moving too soon. In new york, cautious optimism that maybe this might prompt an easing of restrictions sooner than thought. What do you make of it all . First of all, states are the laboratories of democracy and we see laboratories, science just trying to find the cure. We find laboratories of Testing Companies trying to discover who has it, who doesnt, how best to test people and the states are laboratories of demcracy finding out what might work. Im in favor of different experiences governors are trying to deal with, and see how they deal with it so we learn from them. Prudence is always better than irrational behavior. I think the governor of the georgia acted too fast to open barbershops and hairstylists and tattoo parlors. I wouldnt have done that. I hope he take the president s advice. President has been very forward leaning, he is saying on this one, lean back a little bit, judge what will happen slowly so we dont create a bigger problem by having return of the pandemic in places that maybe didnt realize they were in the middle of it. Neil you know i think part of the problem with the Governor Kemp was that he didnt talk to local mayors, he didnt talk to other people. He might have, im not there, but they were caught offguard. Certainly i know he had telegraphed to the president what he was planning to do, the president was saying he didnt think it was a good idea. Dr. Anthony fauci indicated the same but, i would assume he knows his state. He knows how things are. I doubt he will dial this back. So is there a danger here when a governor sort of goes off the reservation and makes a move too soon . To your point the constitution gives that governor the power to do so but are there any mechanisms in place to reverse it, if it is deemed to be a public threat . Well im hoping that the mayors and the county officials and small government officials will put their thumb on the scale and say, hey, slow down a little bit, maybe, they can exercise a little bit of control over whats happening. Again governors dont have any impact on intrastate transportation, an intrastate business but governors do have a big role what happens in their state and they should Pay Attention to the mayors and local elected officials in the counties and small are towns, say, what do you think we should be doing in your jurisdiction . How do we make this fit . Maybe the governor could give unique counsel to different counties the way he wants to do things differently than new york does. Maybe he should recognize atlanta wants to do things a little different than some other small town in georgia. Neil you know, you can attest to the suddenness of something that turns everything 180 degrees south. For president bush it was the financial metdown in the final months of his administration that seemed to come out of nowhere. There is a lot of secondguessing what people should have known, not known, i get that, but this virus is getting the same type of treatment an impact. Now that financial meltdown took years to recover from. Im just wondering what your thoughts are on this one, and how the leadership styles in addressing might expire, contrast. What do you think . Well i think, in the context of the climate of politics. Lets not forget were in the midst of an election year. So politics is going to play a role in everybodys dialogue. I dont think it should play the role it does, but reality people play politics at this time. I actually think it is premature to secondguess the decisions made by leaders trying to do the right thing. So give leaders of the benefit of the doubt. Yes, if youre a governor, blow the whistle, say i need help. Dont say you need help to create a political advantage. You need help to create a better place for your constituents and where they need to go. So thats one thing i would caution against, dont be hyper poe lit tall in time of stress when people are looking for confidence in their leaders. The second thing i would say, acknowledge that the federal Emergency Management agency is there to help. Now the states will have to ask for reimbursement what they spent. Be careful about what you ask for. Maybe sure you anticipate to have to reimburse it. Pay attention to the obligations to meet debt requirements and i want the federal government to have more sympathy for challenges states will have trying to pay this debt. I think they should take a look at the state and local Tax Deductions again. States may need relief from that. We want to give people more incentive to pay their taxes making sure they can deduct it on the federal income taxes. There are ways for the Small Business community. I liked mark cubans suggestion, maybe the banks should give a line of credit to very Small Businesses so that they can have, over write a check going to payroll. Get benefit of the doubt having a cushion at their local bank as theyre meeting payroll concerns. This is very Small Businesses with, that are trying to maintain a position where they can get back into the business of making money and making products for people and giving services to people in a district. Neil you know those are not bad ideas. Andy card, thank you very be very much. Great catching up with you. Continued good health, my friend. Those are good ideas. To the point and something andy raised here, thank you, my friend, freddie mac and fannie mae, the lending agencies that back up a lot of Mortgage Loans and all, theyre considering doing something that could be helpful in the freeze among mortgage lenders, backing them up in the process of when youre applying for a mortgage. Well have a little bit more on that. It as you new wrinkle that could boost the Real Estate Industry. It needs boosting as weve been telling you between new home sales, existing home sales, construction. It is like flat, flat. Going nowhere fast. Were on that a little bit later. Were on the comeback in oil prices right now. Exxon, chevron mobile, you heard this drill beef. Premier components within the dow. They are boosting this puppy up. Keep in mind a little more than 72 hours ago we were looking at negative prices for oil. 17. 58 for a barrel of oil . Yeah it is still low but the markets are taking it and liking it, after this. So i listen to audible almost any time that i can. Its my own thing that i can do for me. Since i dont have time to read, i mean i might as well listen. If i want to catch up on the news, or history, or learn whats going on in the world, i can download a book and listen to it. I listen to spanish lessons sometimes to and from work. Yea, it makes me want to be better. Audible reintroduced this whole world to me. It changes your perspective. It makes you a different person. See what listening to audible can do for you. Many of lifes moments in thare being put on hold. Are staying at home, it makes you a different person. At carvana, we understand that, for some, getting a car just cant wait. To help, were giving our customers up to 90 days to make their first payment. Shop online from the comfort of your couch, and get your car with touchless delivery to keep you safe. And for even Greater Peace of mind, all carvana cars come with a sevenday return policy. So, if you need to keep moving, were here for you. At carvana the safer way to buy a car. Mortgage rates have dropped to all time lows. By refinancing now, you can save 2000 a year. And newdays va streamline refi shortcuts the process. Veterans can refinance with no income verification, no appraisal, and no out of pocket costs. One call could save you 2000 a year. Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Neil all right, you see a big runup in oil prices. Depending on the contract up about 15 over the last couple days but heres the drill. It wasnt that long ago we were looking at 100dollar or more barrel oil so getting used to levels even here, come back though they have, that will take some getting used to which is why so many of the oil players, drillers, distillers, all the rest, have announced job cuts or certainly cuts to their dividend which draw a lot of investors to those stocks. Meantime phil flynn what he is seeing and what he is happened capping for the weeks and days ahead . Good morning phil. This oil rebound is good to my heart because what it is saying that the u. S. Oil prices are betting on a comeback for the u. S. Economy. A few hours ago we were talking about negative oil prices and of course that led to a lot of concerns that maybe the market was broken, maybe something was wrong, something was rotten in denmark but what it turn the out to be was a market function that actually probably created the environment for a market rally. The reason why i say that, prices were selling off, consumers were worried there was not enough places to put oil which was probably true in the short term, but when the prices went negative it, inspired a lot of people to find storage we didnt even know we had. Some of those concerns about running out of storage have been alleviated and pushed back maybe a little bit. It hasnt ended the threat but at least the market working found different ways to maybe put off the what some people say is inevitable. Now, with the recent reports from the department of energy suggesting that maybe, just maybe, the worst of the Oil Demand Destruction is over, the markets are looking at a market that will see maybe less production in the future but demand coming back. So now were seeing optimism in the marketplace that maybe the worst is over for oil prices. Neil in the meantime, phil, where does all this oil go . Between tankers coming here, oddly enough, a couple from saudi arabia, that blew me away, were all tapped out i guess. Yeah. Neil im wondering it is almost like a viable time to get oil at these prices and you do want to store it, you dough want to save it somewhere you about save, some talk of railcars and the rest, where does it go, where can we put isnt. You know i think right now were seeing that every available railcar in the country is now opening up for oil storage. Any available tanker, because you can make money overnight, because the market is telling you, hey, we know the demand for oil is terrible, we know theres a glut today but well see a much tighter market in the future and the reason why that is, is because what you said in the beginning of the show, a lot of these Oil Producers are laying people off. Theyre not going to produce oil. It is called production destruction. We heard about demand destruction. Everybody knows what that is now because weve seen it over the last couple months but longer term were going to see production destruction. Even though we have a glut today, were sewing the seeds for a tight market down the road because a lot of these investment dollars that would normally go towards expanding production isnt going to happen. I think that is what the market is saying but its also a good story, neil and ill tell you why. Because it creates opportunities for the market to recover at a later date because, lets face it, well need higher prices to bring u. S. Energy market back. Neil well watch it closely, my friend, thank you very, very much. Thank you. Neil neil phil flynn. Meantime we he would told but hospitalizations going down, death counts going down, the fact of the matter, i think people forget this, 80 ever the people who test positive for the virus. They survive. Theyre the weapon against this. Their blood plasma. That is the weapon. 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Call today for a free guide. Neil all right. We dont know exactly when but we do know a lot of states are planning to reopen here. Encouraging news out of new york state, of all places, eppy center of high number of cases across the country but seeing encouraging news on hospitalization front. These are the data governors will look at amid reopening as protesters want it open sooner rather than later. Hey, david. Reporter hey, neil. We got revealing data from new York Governor Andrew Cuomo in the daily briefing. Just under 14 of all new yorkers are presumed to have had the virus. The governor said throughout the past few days in the state of new york, 3,000 people were randomly tested. The people were chosen at grocery stores, big box stores, other locations throughout the state. These were people who were not selfquarantining. These were not people who were considered essential workers. They were out shopping. Of those 3,000 people, 13. 9 had the antibody showing one point or another they had the virus. That means that roughly 2. 7 million new yorkers statewide were infected. The governor then went on to say that 15,500 people have died. Meaning the death rate is just about onehalf of 1 . But he did offer a caveat to say this was an initial data report. Listen to the governors own words. We looked at what we have now as a death total, which is 15,500. That would be about. 5 death rate. But two big caveats. First, it is preliminary data. It is only 3,000. Well 3,000 is a significant data set but it is still preliminary, and when we say there are 15,500 deaths, that number is going to go up. Those deaths are only hospitalizations or nursing home deaths. Reporter the governor also today announced there would be a joint investigation by the state attorney general and the Department Department of health of nursing home in new york states. More than 3,000 nursing home residents have died. They are considered especially vulnerable. The governor has come under a lot of criticism for failure in the eyes of some not to more aggressively regulate Nursing Homes. The governor said today that Nursing Homes that violate state guidelines and rules face 10,000dollar fines and possible loss of their license. Lastly, the governor spoke out and criticized Senate Majority leader Mitch Mcconnell saying that the Senate Majority leaders remarks, that states should declare bankruptcy if they cant handle their finances in light of the ongoing covid crisis, the governor criticized mcconnell and new bailout legislation that does not provide assistance for states. He said that mcconnells suggestion was, quoting the governor now, one of the dumbest ideas of all time. Lastly, neil, one statistic, very sobering statistic, that underscores just how serious the problem is here in new york state, in the last 24 hours the governor said 438 people lost their life to the virus. That is down somewhat from the 474 the previous day but still an unacceptable number. Neil . Neil to your point, it is 438 more dead today than were dead yesterday. I dont think we can stress that enough. Thank you very much. David lee miller on that. There might be potential good news here and it could be found in some of the 80 who survive and ultimately beat this virus. Thats a remarkable number who do. Now they all dont necessarily qualify to sort of have the secret blood and plasma that will help other people get better but a good many of them do. Diane who has been dealing with this, covid19 survivor, she started an organization to get that help and blood plasma to folks that need it. She practices, lead the charge what she preaches. Diane, very good having you. How are you feeling first off. Im feeling great. Youre looking at face of fully recovered covid survivor. I in fact went donated my plasma for the third time yesterday. I also participated in multiple other studies. Neil now how did you know or did doctors tell you what you got here is unique . Youre not just a survivor but you might be a secret weapon to help others out . Absolutely. Basically my body created, it encountered the novel virus and created antibodies it needed to fight it off. I now have the antibodies in my system and i did have a followup diagnostic test to make sure that i no longer had the virus in my system. One thing we are seeing, is that people are showing up with the virus in their system for much longer than we thought. So keep that in mind if youre looking at the guidelines when to release yourself from quarantine. But in addition to that, i was given an full Antibody Test and showed concentration of my antibodies. The icings on the cake im a universal donor, only four or 5 of the population. The doctor said my plasma is like liquid gold. Neil could you give me a idea on your own timeline, diane, when you first discovered you had it, how long you were either in quarantine or being treated, then coming out of it to the point where you look great today but, can you explain what you went through in the timeline . Yeah. So i was exposed on the evening of march 9th. It was at a business type meeting of eight people, so under the recommended 10. At a time there was even before a term called social distancing. Everything was still open and of those eight, i believe seven of the eight were infected and one tragically died from covid, who was exposed i assume at that same meeting. I presented with symptoms on friday the 13th. There is nothing subtle about it. I had 102 fever and a respiratory infection and the symptoms persisted for about 10 days. You know, i could go into but everybodys symptoms are so different that i dont want anyone to look at my symptoms and try to analyze their own situation because, covid really present as a constellation of symptoms with each person having a different subset. In terms of giving back and using those antibodies to help others we were finding that really it is a 21 to 28 postsymptomatic gate that youre most affected because, higher likelihood you no longer have the virus in your system and your antibody count is higher. Neil finally, as someone who had to endure this, are you comfortable with people getting, getting back to work, however they do it, or does it make you nervous or, how do you feel about all of that . Obviously economic rush, i understand it, but then there are people who look at you, say, gee, i dont want to deal with what die nan dealt with, so how do you balance that, how do you feel about it . So right now we are being given this binary choice between saving economy and saving lives and i see survivor corps as offramp to do that, for it to happen we need proper testing and one thing im concerned about, rule out of all these Antibody Tests who have not gone through the full analysis to make sure theyre effective around they dont give you the full picture, these athome kits being rolled out. They give you a simple black or white, similar like a home pregnancy test. If you took a home pregnancy test, you got a positive or negative, first thing you do you go to the blood around have the hormones checked to find out just how high your hormones are. Once the testing in place plus also a negative dyings to tick test to make sure youre not contagious that could be at route to getting people back to the workforce slowly, making sure it is done safely little and shelter people at home still vulnerable. I dont think it is either or or state by state basis. I think way to do it, proper testing and germany with immunity passes, but maybe not call them immunity passes quite yet until the science bears that out completely but there are strong suspicions but at least youre not contagious. That said, you still do have to be careful because even though i know for a fact that i am not contagious i could still be tracking it on my shoes or on my clothes. So we have to make sure it is done in the safest possible way. You by see this as really offramp to false binary choice between the economy and lives. Neil i like that. Diana, continued good health, feel well. Thank you for sorting this out for a lot of folks, helping a lot of folks in the process. We have a lot more coming up including what people are doing when theyre sheltered in place. Theyre not just cocooning and doing nothing. Theyre shopping, a lot. A real lot. Historic a lot. After this. I wanted more from my copd medicine thats why ive got the power of 1, 2, 3 medicines with trelegy. 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Well welcome back old colleagues, get to know new ones some things may change, but well still be here, right here, so you can work on the business of getting your business back. At paycom, our focus will always be you and well see you soon. Dropping to near record lows, my team at newday usa is helping more veterans refinance than ever. The newday va streamline refi is the reason why. It lets you shortcut the loan process and refinance with no income verification, no appraisal, and no out of pocket costs. One call can save you 2000 every year. Call my team at newday usa right now. Neil we could be hours i away from house approving, sending off stimulus relief package. That will include a lot of money for Small Businesses. Yeah, just Small Businesses. Charlie gasparino is looking at fine print, where this could be going, because that has has been bone of contention i guess. Charlie . Reporter ring on the problems as i said in other problems, fox business was ahead of this, we saw this with loan part of the ppp program, stimulus plan, that Small Business, real Small Businesses werent getting the money. Somehow there were loopholes allowed Large Private Companies getting through the bureaucracy, get the money fast. Hedge funds, other entities, like that, got stimulus money ahead of coffee shops and salons. Cordtoring the Treasury Department, i know because i spoke to the Treasury Department officials about this, to sort of tighten up the rules and heres what we have now. There are still loopholes, just so you know but better than nothing. Basically what theyre saying is that large Profitable Companies that could theoretically apply for the loans, have to do so in good faith. That means if they really dont need the money this, is the interpretation that the treasury and sba put out, they can get the money clawed back, they could face some legal issues from the federal government in the end. Again it is closing, it is not quite a total closing of the loophole but it is better and again, neil, you have to get a lawyer to look at this, selfpolicing rarely works. I covered securities business for years, when it was selfpolicing based on the selfregulatory nasdaq new york stock exchange. It never really worked looking at wall street fraud. I cant imagine it will work here. But the Treasury Department is basically saying the onus is on you applicant, you dont really need the money and youre big Profitable Company and you can do without it, you apply for it, we can theoretically come after you after the fact. That is one way they say they are closing loophole. I dont really see it being closed because of that. Couple other factoids, neil, if house approves it today, theoretically loan money going out maybe friday or monday of next week. I hear this thing is going to be depleted within days, given the backlog, demand from real needy Small Businesses that did not get the first round of money. This thing could be gone in a matter of days. It looks like the process of applying for the loans is a lot better this time around. The banks have their act together, it is more streamlined. Wells fargo couldnt, that is one of the nation hes biggest bank because of some scandal forced to keep higher capital requirements. Theyre back in the game. This time around bureaucratic snafus have been dealt with. Well keep on the story. It is a big story. Small businesses represent of the american workforce. A lot of them got screwed on first part of the loans, the loan applications. Hopefully the money gets to them now. Of. Neil, back to you. Neil all right, charlie, thank you very much. Charlie gas gasparino following that closely. We have been following retail numbers. Some are not great but others benefited from all this cocooning at home were doing, because a lot of them choose to buy stuff from in fact numbers that are staggering. Lauren simonetti on that. Hey, lauren. Lauren neil, it is a sign of the times how were committing these days and ordering online and shopping on line. That includes food. Lets take a look. Dominos pizza reported earnings this morning, they said between late march and now, online sales grew more than 10 . Chipotle yesterday, first quarter, Digital Sales up more than 80 . It is not a restaurant but take a look at target. A fourfold increase in online sales in just the month of april. That is like cyber monday times two every single day this month. The National RestaurantAssociation Says look, if you look at the restaurants, six in 10 of them, in order to keep their doors open essentially right now, they have turned to some form of online ordering or take out or delivery. It is very costly for them. If you take a look at the cut that post mates and door dash and uber eats take, could be as high as 25 . We reached out to door dash. They say they are cutting some much their commission fees. Uber eats is cutting some of their delivery fees but if youre a texas roadhouse or Cheesecake Factory or olive garden, just shifting to the new model this could be expensive for you to do. Hey, i guess it is still business. Back to target really quickly. I told you their Digital Sales increased 275 . Guess what . More of a sign of the times. Were buying food and essential items. Were not buying expensive things. Were not buying clothing. Were not buying acts accessories. Not to mention labor costs are going up. Target besides those good numbers are not a winner today. Neil. Back to you. Neil thank you, lauren. To get medical supplies to people in this environment, that could be very tough. How will they get to them by drone . This next fellow is teaming up with ups to make that possible. His name is tom walker. He owns a Company Called grown grown droneup. Tom good to see you. Neil, good to be with you. Neil how does this work . Youre teaming up with ups to deliver medical supplies. How will that work . Well, that is presticely why we did this exercise, was to answer that very question. You know since, since the pandemic broke out, questions from all Different Levels of government and the Public Sector have been, why arent we using drones, how could we use them more effectively, our response to the question, we dont know the answer. We dont know exactly how it could work. There are policy questions and fundamental operational questions and safety questions. So the purpose of this exercise was just that, it was to determine what we could do today, safely and efficiently that may bring the benefit of drone delivery to the front lines but also learning what we need to do better, whether it is policy, process, policy, training otherwise. That is the whole purpose of this exercise we just completed was. Neil so obviously the drone has to capable, going up in the air, carrying, in this case packages or bags what have you. That is a special type of drone. How do you sort through the logistics of that . It is not necessarily. What we wanted to test for this particular exercise was the scalability of engaging consumer. Like 10,000 pilots who work for droneup throughout the country and using readily available platforms our pilots use every single day using other missions, could we retrofit those, could we utilize those to do delivery . What we proved we can do it and do it very efficiently. Neil so for ups, how does it work out with, lets say with a ups, how do you coordinate that . Do they have the packages . Do you take it from there, vice versa, what happens . Well you know, one of the things we knew going into this is, is droneup and our organization we know how to operate drones. We know how to fly groans. We understand the regulations and policies but were not a delivery company. Ups is the ultimate in delivery. They understand it. They understand how to do it efficiently and appropriately. So the partnership really was leveraging our talents and understanding how to operate these platforms efficiently. Working with them to develop actual delivery strategies that make sense, not just for this current pandemic but for future events and ultimately down the road, hopefully retail delivery operations. Neil all right. I wish you well. This is very interesting concept here. Could help a lot of folks. Tom walker, thank you very, very much. I do want to bring your attention, what youve been seeing in the dow here, it had a drillingdrop off. Were getting big dropoff. Were getting reports that the potential gilead treatment has been having problems in trial. That the benefits not panned out in one of the initial trials. That seeps it to have taken the wind out of the virus sails, here exclusive, it would be a big catalyst, the very news of that last week was adding hundreds of points to the dow. Today it is taking hundreds of points back. Stay with us. I wanted more from my copd medicine thats why ive got the power of 1, 2, 3 medicines with trelegy. The only fdaapproved oncedaily 3in1 copd treatment. Trelegy the power of 1,2,3 trelegy 1,2,3 trelegy man with trelegy and the power of 1, 2, 3, im breathing better. Trelegy works three ways to open airways, keep them open and reduce inflammation, for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. Do not take trelegy more than prescribed. Trelegy may increase your risk of thrush, pneumonia, and osteoporosis. Call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. Think your copd medicine is doing enough . Maybe you should think again. Ask your doctor about oncedaily trelegy and the power of 1, 2, 3. Trelegy, 1,2,3 man save at trelegy. Com. Iheres money saving news from milinewday usa. N, trelegy, 1,2,3 your spouses va streamline refi benefit lets you easily refinance when Mortgage Rates drop. And they just dropped to the lowest in newdays history. Refinance now. Theres no income verification, no appraisal, and no out of pocket costs. One call can save you 2,000 a year. Refi now. Many of lifes moments in thare being put on hold. Are staying at home, at carvana, we understand that, for some, getting a car just cant wait. To help, were giving our customers up to 90 days to make their first payment. Shop online from the comfort of your couch, and get your car with touchless delivery to keep you safe. And for even Greater Peace of mind, all carvana cars come with a sevenday return policy. So, if you need to keep moving, were here for you. At carvana the safer way to buy a car. Neil all right. Much promise around Gilead Sciences remdesivir drug to potentially treat the coronavirus. Apparently it has flopped in its first trial. This was first reported in the Financial Times and has now extended with a confirmation that its had problems in early trial tests. Shares are temporarily halted since reopening, it is down about 3. 5 . We are keeping an eye on this on a host of other pharmaceutical players and those with any ties to any potential treatment, vaccine, that could address the virus itself. This is a little bit bigger than gilead. I think we have some other names we can show you. If not, trust me, the entire sector, i notice, went from positive to negative just on this news. We will reveal those names. A lot of them well off their highs right now. Some of them are considered to have more promising prospects and partnership treatments than with gilead working largely alone. We dont want to overanalyze this. We just want to put it in perspective. The market got wind of this, temporarily sold off. Its trying to rebound right now. The dow up about 167 points. But something that looked promising that might not be, at least at first thought. Still early. Anything can happen. Any other developments out there, we will keep an eye on it. Also keeping an eye on the Real Estate Industry and housing industry. As you know, a lot of people go into forbearance or stop paying their mortgages. Thats something thats affected better than three million americans. But theres no way to get others interested in either that market without adequate backup from some of the big players like fannie mae and freddie mac. Right now, a move is afoot to maybe indicate they are going to play a role. Hillary vaughn on all that. Hey, hillary. Reporter well, Mortgage Rates have increased slightly. New numbers out today from freddie mac show a 30year mortgage at 3. 33 while new numbers from the Mortgage BankersAssociation Show that over three million americans have stopped making their mortgage payments due to the coronavirus pandemic. Thats a problem because while the cares act that Congress Passed is giving muchneeded relief to homeowners who are out of work and cannot make their mortgage payment, it puts a lot of pressure on mortgage servicers who are obligated to cover skipped payments for homeowners and pay investors who own a loan, even if the borrowers are delinquent or in forbearance. So congress is asking the treasury to make servicers or help servicers get access to liquidity while they feel the squeeze of millions of americans missing their monthly mortgage. House lawmakers writing this in a letter to treasury earlier this month saying quote, the mortgage industry cannot shoulder the entire onus of government actions to protect american homeowners impacted by covid19, when it does not have access to needed liquidity to execute those government actions. The federal Housing Finance agency has made some changes since that letter was written, now allowing freddie mac and fannie mae, giving them the green light to purchase loans in forbearance which was previously not allowed. Fhsa director Mark Calabria announcing this, quote, purchases of these previously ineligible loans will help provide liquidity to Mortgage Markets and allow originators to keep lending. Another change made tuesday will now relieve some of the strain on servicers. They are now only required to make those payments for four months for any borrower in forbearance and after that, they are off the hook. Neil . Neil all right, hillary, thank you very much. Hillary vaughn following that in washington where they are also following a stimulus measure and i will get to that in just a second. We are finding out more about what the heck happened here with the gilead antiviral drug remdesivir. Its apparently failed in its first trial. The Financial Times reporting that it was a chinese trial, even though its a californiabased company, Gilead Sciences, and it did not improve, quoting here, patients condition or reduce the pathogens presence in the blood stream. Apparently some 237 patients were studies, giving the drug to 158, comparing their progress with the remaining 79. The drug also showed significant side effects. Early in the process, there are followup Clinical Trials and the rest but the early read on this is it didnt do the trick, it was not, you know, optimistic or upbeat as some had originally hoped for. That often happens with a number of treatments out there. Last count, there are about 74 different vaccines and treatments that are being looked at to address anything from the virus itself to some of the side effects and some of the more, you know, health damaging aspects of it. But that has weighed certainly on gilead. Took a bit of steam out of the market earlier but as you can see, the dow is clawing back right now and some of those big names were showing you like abbott labs and you know, youre seeing it certainly in amgen, biogen, they were much, much higher. They are clawing back a little more. I dont want to overread this. Just to let you know, that initial test, thats where a lot of the focus was last week, there might even be a cure, was probably a bit of a leap. Even the company itself had failed to indicate that. In fact, the company was very quiet on this. It did very little boasting about this, just saying trials were going on and then they would let us know. Now we know. At least one of them didnt go well. All right. Lets get the latest in washington right now and the stimulus measure that should be voted on fairly soon. Its a surreal environment. Edward lawrence has been following it. The house members who are attending, a lot of them wearing face masks and being very guarded about distancing, right . Reporter its going to take place in probably the next 30 minutes or so as the debate is finishing up related to this. Because of social distancing, the vote will actually take place in nine groups and they will go in, then leave, and go in and leave. You are looking at a live shot of the floor. You can see members are wearing the face masks, they are staying away. Nobody in the seats there back behind. So then once this is all passed, its expected to pass, it will take about 90 minutes, the bill will be enrolled in the house, then it will be enrolled in the senate and goes over to the white house for the president to sign. Now, as this debate is going on right now, the Treasury Department has changed the guidelines to get the Payroll Protection Program. They say now businesses must certify that they actually need this money and they cant get money from any other source. That would leave out some of the Large Companies and some of the issues they face. Republicans are saying this is a Vital Program to the economy. Todays bill makes it possible for families to stay connected to their work. Local businesses can keep their lights on. Once we get to the other end of this, we will return to a safe Healthy America for our seniors, our children and our grandchildren. Reporter the bill has 321 billion for that Payroll Protection Program, 75 billion for hospitals, 60 billion for Disaster Relief loans and grants, and 25 billion for testing related to the coronavirus. House Speaker Nancy Pelosi says this new round of funding for the Payroll Protection Program and other funding will all help but is watching to make sure its spent properly. The American People have told us they do not want any taxpayer dollars when we did our earlier bill, they do not want any taxpayer dollars going to enriching shareholders, dividends, bonuses, ceo pay, all of that. They want the taxpayer dollars to keep people in their jobs. Reporter a source in the Small Business administration is telling me they have already looked at the changes in the Payroll Protection Program to come up with guidelines for banks. The source tells me the goal is to get the guidelines out on friday so the loans can start being written again and processed again starting saturday or sunday. Back to you. Neil all right. That would be pretty swift by washington standards. Certainly by any government standards. Thank you very, very much, my friend. Lot of focus on a lot of these states and their plans to reopen. You might recall the georgia governor got a world of heaping criticism including all the way up to the president of the United States for choosing to kind of reopen his state right now, or parts of his state, this very very week but that notwithstanding, the protests around the country over other governors who are not even thinking of doing that or continuing to keep lockdown provisions in effect has not been going well. In fact, its accelerating right now. We are following all of that, hey, matt. Reporter right now theres a protest under way outside of the Governors Mansion in michigan and it was also just last week in michigan where hundreds of cars created a very large gridlock protest outside of the State Capitol there. Americans in dozens of states now have protested their stayathome orders demanding the healthy get back to work, the sick and vulnerable stay home or peoples livelihoods will be destroyed. Many protesters, though, are not socially distanced or Wearing Masks, raising concerns of coronavirus spread. Americas Third Largest city of chicago has been in a tight lockdown for more than a month now. Illinoiss governor said his state wont peak until midmay and he says its just too soon to reopen. Some states are reopening anyway. Thats their choice. I think people might get sick. Many people might get sick as a result of that. But look, what have i said, right, testing, tracing, treating. And ppe. Reporter in wisconsin, republicans are suing to stop their governors stayathome order. 19 people who worked wisconsins polls or voted in person in the april 7th primary really just days ago have now tested positive for covid19. In california, the state Highway Patrol says it will not grant any more permits for stayathome protests on state properties after a demonstration earlier this week was deemed too dangerous and as you just mentioned, georgias governor is now allowing many businesses to reopen tomorrow, a move that the president says is just too soon. Neil . Neil all right. Thank you very, very much, matt. We are learning a little bit more, the backandforth on Gilead Sciences and its antiviral drug remdesivir, that it had reportedly flopped in a first trial. The company which has rarely said boo about what was going on in this, either to the upside or downside, did put out a clarification statement and warned that the draft document posted accidentally by the World Health Organization, and quoted in the Financial Times included, it says, inappropriate characteristics of the study. I dont know what that means. Its probably, you know, confused a lot of folks. I think we have a doctor with us right now. Do we . Dr. Marc siegel. I apologize, marc. I didnt know you were the doctor. All right. What do you make of this and what does it tell us . Obviously the companys trying to clarify something that isnt too clear. What do you make of it . Well, first of all, a lot of times when these things happen, its because somebody gets wind of advanced information and we certainly expect the formal results of the Clinical Trials to come out over the next week or two. Thats number one. I see this, i think i would be surprised if the Clinical Trials didnt show something positive. Thats not definitive, though. Thats not meaning that i have inside information on that. However, i did speak to the head investigator on these trials out of nebraska med back at the end of february and he said that the drug looked promising. In addition to that, as you probably know, there was some information leaked from the university of chicago that they perhaps sent some people home early because of response to the drug. I want to point out, though, something really important here, which is it doesnt just depend on whether this drug works against the virus. It also depends when you give it. Because a lot of the damage we are seeing from covid19 in the severely ill is due to inflammation and blood clotting, not necessarily the virus itself. This is an antiviral agent so i suspect part of the answer here will be when you give remdesivir. I have a feeling, a feeling isnt science, as dr. Fauci would say, i have a feeling that this drug is effective to some extent. We dont have the trials yet and we need to get the Clinical Trials out there before we have a definite answer. Neil just to be clear, there were multiple trials, we should stress, right . Its not just one and done, right . Its multiple trials. The right kind of trials, doubleblind randomized prospective trials all around the country. When i said nebraska, i mean they are spearheading it. Its not the only place its going on. Its been in multiple medical centers including my own. Nyu langone. We are going to have an answer on this. I would label this a promising treatment but promising is not the same as having a definitive answer yet. Neil got it. Dr. Siegel, very good catching up. Thank you, my friend. 15 minutes away from Charles Paynes town hall in which hes taking a look at this and a host of issues surrounding the coronavirus, how we hope to come up with cures and treatments for it, how were dealing with it. Charles, if this isnt a reminder how much news on one potential drug that caught the market and the worlds attention can move the market and the world, well, we just saw it. Charles we saw it in realtime. At one point today the dow was up maybe 370 points and within the blink of ai en eye it all vanished. A large part of whats happening with this market which by the way, the last three weeks has been nothing short of a remarkable rebound from a death spiral, is a lot of it is depending on the fact that and hope that at some point sooner rather than later, we will get to a form of normalcy. Heres the thing. We know normalcy is not going to be the same. We know a lot of things have changed. There will be winners and loser ins this postcoronavirus world. In fact, there could be dramatic changes in this postcoronavirus world. So weve got mark cuban coming on. He will spend the entire hour with us. I have been deluged with questions for him and of course, for the fox business allstars including yourself that will be joining in. They run the gamut from, you know, whats going on with this ppp program, which we know, listen, its a valiant effort but its falling short in the sense that you have already covered it, big Companies Got money and those names out there, the really Small Companies out there, didnt get money. How should it be run, what can be done but also beyond there, to really get our economy where it was, the sort of vitality we saw in january, february and by the way, were reminded almost every single day through an economic report from march or february or even these earnings reports, the worlds going to look different. We can get there. But a lot of people want to know how. Neil i love your optimism and just reminding americans about the glass half full, too. Look forward to being on the show. Look forward to the show itself. Thank you. 45 minutes away from that. No one does these events better than charles so i urge you to give it a watch. In the meantime, we are trying to get more details on this gilead antiviral drug and whether it has disappointed. The Company Takes umbrage to that, saying a lot of this has been taken out of context. John layfield with us now. John, as i was saying with charles, it is another reminder that in my opinion, i think this market turns not so much on the stimulus to address the virus, but improvement on the virus itself. What do you make of that . I completely agree, neil. Because you know, Certain Companies that are not going to rebound at all until you get some type of vaccine thats going to prove safe. You look at Movie Theater chains, look at live concerts, look at entertainment venues, look at cruise lines. Those are not going to come back until you have a vaccine. So thats what makes this so important. We are not going to have a vshaped recovery unless theres a vaccine. Otherwise, you are going to see an opening of the economy in a slow fashion and you are going to see restaurants say at 50 . Thats not a vshaped recovery. Thats either the nike swish or some type of ushaped recovery. Thats why this drug from gilead, i own gilead stock, by the way, is so important. Neil you know whats interesting, i talk to a lot of people who say im not going back to work until they have a vaccine. I dont feel comfortable doing that. You will be waiting quite awhile. I dont know if your boss will be similarly enthusiastic about your position. But what do you make of that . Because thats part of that palpable fear expressed in polls that show as many as 6, almost 7 out of 10 americans are very concerned about this and not convinced that rushing to go back to work or ending sheltering provisions is the right thing to do. We have never experienced anything like this so i think thats understandable. I think the fear of the unknown is one of the biggest fears out there, and i think we will find out real quick what works and what doesnt. We have a lot of states that are reopening, texas, tennessee, oklahoma, opening restricted fashion. Then georgia opening beyond probably what anybody would recommend except the georgia governor and las vegas basically saying do whatever you want. That compared to states with very strict lockdowns. I think because we have so many different ways that states are handling this, i think we will know within the next week what works and what doesnt and how far we can go with this reopening. I think thats going to help the concerns of so many people about whether they can go back to work safely or not. Neil all right. John layfield, thank you very, very much. A little bit more on gilead, beating this to death, my friends, but the summary published in the World Health Organization website that has since been taken down had this kind of remarkable take on this drug. It showed that it did not speed up improvement in patients in china or prevent some from dying. If so, thats a disappointment. Stay with us. Every Financial Plan needs a cfp® professional confident Financial Plans, calming Financial Plans, complete Financial Plans. Theyre all possible with a cfp® professional. Find yours at letsmakeaplan. Org. Theyre all possible with a cfp® professional. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Neil you know, you hear a lot of worrisome stories with the virus, you hear a lot of good news with it. We just spoke in the last hour with someone who had tested positive for the virus and now is leading an effort to get her blood plasma and others to have similar blood plasma out to people who need it as a potential treatment for the scores who are being diagnosed with this all over again. Then i want to introduce you to these next two folks, an uncle and nephew combo. They run a Company Called the Oregon Dairy Center in pennsylvania. I dont ask any questions but thats fine. They can name it whatever they want. But in all seriousness, gentlemen, i welcome both of you because you are doing a lot of good here, trying to get milk out to those who need it but a lot more than that. Let me get the read from you about how this started. Well, it started obviously several weeks ago when everything started coming down. We as a company decided we got to take a positive approach on doing whatever we can to have it not fall apart and do our business to serve our customers, to help our employees feel like they are in a safe place so we are doing that now, after 40 years of being in business, my dad started the business, its sure a paradigm shift but we are not in this alone. We have a great stf thaff that s with us, a great warehouse that works with us and we are here to serve the community in ways we feel can be a big asset, by putting food on the table. Neil you know, john, separately we see these reports, a lot of of them out of the midwest where a lot of Dairy Farmers are dumping their milk because they have no place to put it or send it. You are trying to address that part of it. Explain. Yeah. So couple weeks back, one of our local food banks, blessing of hope, came to us and basically asked if we can do anything with our milk Processing Plant to help process milk that was just getting dumped at the time because there was no demand for it and why dump all that milk, let it go to waste. We brought them into our facility, we have a small Processing Plant, so we brought them in and theres milk going out the door to a lot of needy families. Neil you know, you guys, its a farflung [ inaudible ] going there. I know you have a restaurant, even if you cant be open in this environment, so how are you adjusting and when you hear what the governors talking about slowly reopening the state, i assume you want that sooner rather than later but update me on that part of the business. Yeah. Well, you know, we are trusting the governor to make the right decision. We dont agree obviously with everything, whether you are living in colorado or pennsylvania, but we feel we have enough cases that i understand why he wants to move it back a week. We will get back into this gradually. Our 200 seat restaurant, its a bummer to see it closed up. We put a food trailer outside so people can come eat if they want to, its takeout so people can take advantage of that. We are really concerned about the wellbeing of our customers. Our Restaurant Business will be different. We will have 200 seats but probably serve 80 people at a time. We will go back into it gradually and follow the guidelines given by our local municipalities and by the cdc and fda. Neil im curious, what are the biggest sellers for you guys . Right now, obviously toilet paper is a big one. One we managed to keep on our shelves. Creativity with selling single institutional rolls. Of course, you know, the breads, canned goods, they are all difficult to keep on the shelf. They are getting wiped out every day. We keep up with it. Recently we got Hand Sanitizer made by a local distillery. That was really nice. Those are probably some of the biggest sellers. Neil so i will leave this to you, jon. Who works harder . The uncle or the nephew . The young guy or the slightly older guy . Well, you know, this is a millenial answer but of course, you know, got to be me. Im the early bird. Im here in the morning. He comes later in the day. It works really well. Hes the early bird, im the latecomer. Neil all right. Thats fine. Well, im going to side with kervin because hes closer to my age but you are both very impressive. Very inspiring. Keep at it, my friends. We are encouraged by all that. I like the masks, too, by the way. They are awesome. Stay healthy, stay safe. Thank you. Neil i like it. I like it. All right. Be well. Its nice to see. You dont often see that kind of stuff. Maintaining their good humor and helping out a lot of good people. Stay with us. Youre a veteran with a va loan, one call to newday usa can save you 2000 a year. How . By refinancing at todays all time low Mortgage Rates. And best of all you can do it from start to finish without leaving the house. Its fast, too. With our va streamline refi, theres no income verification. No appraisal. And not one dollar out of pocket. Our team is standing by right now to help every veteran who calls. I wanted more from my copd medicine thats why ive got the power of 1, 2, 3 medicines with trelegy. The only fdaapproved oncedaily 3in1 copd treatment. Trelegy the power of 1,2,3 trelegy 1,2,3 trelegy man with trelegy and the power of 1, 2, 3, im breathing better. Trelegy works three ways to open airways, keep them open and reduce inflammation, for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. Do not take trelegy more than prescribed. Trelegy may increase your risk of thrush, pneumonia, and osteoporosis. Call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. Think your copd medicine is doing enough . Maybe you should think again. Ask your doctor about oncedaily trelegy and the power of 1, 2, 3. Trelegy, 1,2,3 man save at trelegy. Com. Heres the thing about managing for your business. S when youve got public clouds, and private clouds, and hybrid clouds things can get a bit cloudy for you. But now, theres the Dell Technologies cloud, powered by vmware. A single hub for a consistent operating experience across all your clouds. That should clear things up. Neil all right. You might know there are still truckers on the road, doing just fine. Business is booming for them. The problem is, there arent enough truckers to haul the stuff theyre hauling, because there are a lot of opportunities out there, but the shortage is pronounced and could have long term consequences for the economy. Jeff flock following it all in illinois. Whats going on . Reporter you know, some people dispute whether or not theres a shortage, neil. Some people say if you talk to the truckers, maybe the companies are just trying to keep the market tight so that their salaries remain low. But we cannot dispute this and that is that for about half the country, there have been no new Truck Drivers licenses issued to new drivers coming into the system. Cdls. Thats because in 21 states, and the district of columbia, the departments of Motor Vehicles have been shut down. The Trump Administration has done its part saying if youve got a license already you dont have the renew it if it expires. We understand these are tough times but you cant get a new license in those states. We talked to a guy, our producer mark smith talked to him, and asked him what the states need to do right now. Don is head of the organization that is in charge of training the next wave of americas truckers. Listen. I was told to open them up immediately. I think its extremely important weve got to maintain a pipeline of drivers. Right now, in half those states were not producing any commercial drivers. Reporter theres a lot of debate now about what things should open and what things shouldnt. Dmv obviously, thats a concern, you know. People have gotten an extension on their licenses but if you are needing to bring new people into the system, that is a problem. According to that organization, we are about 2,000 or 3,000 truckers short just so far that havent been able to get licenses, theyre ready to go and cant get out there right now. Neil . Neil jeff, thank you very, very much. Jeff flock updating us on that. We will no doubt get updates as they continue because thats kind of a conundrum to be in. You are all ready to go, got your license and all that, you cant. All right. In the meantime, you have heard about hardships about people who cant get out of their homes, they are worried about their jobs, but think of all the kids out there who are looking forward to going to school or college in the fall, and right now, their senior years have gone bust because they are probably not going to have the traditional graduation with all the Fun Associated with senior year. I have a son going through that now and he reminds me of it every hour. Its true, it is tough, but imagine then you are getting nervous about the approaching school year even whether you can deal with the tuition and Everything Else in light of everything thats happened. I want to bring in a good father who has been trying to help out on that front. His name is dave, hes a Franciscan University of steubenville president. I think what youre trying to do is help those coming in, the incoming class, youre going to cover their tuition or try to. Explain. Yeah. No, no, first off, its a pleasure to be with you. Actually, you presented it really, really well. We have a whole population of graduating seniors in high school that have had honestly just a horrible end to their academic career in high school, and theres just a lot of anxiety related to finances and the families that have suffered so much from this virus and just difficulties about what theyre going to do, where theyre going to go. People are nervous about going some place new or some place different. So i have been talking with my faculty and staff. We are a small Catholic School in ohio and i just said we have to do something for these kids, something to reach out to them. One of the lines i continually said is whatever we need to do, we need to act in faith, believing that god is big and god is bigger than this and hes going to be able to help and take care of things. So somebody had an idea, he said what if we provided tuition for free for the incoming students. That was a bigger step in faith than i was thinking about, but honestly, the more i thought about it, i said yeah, this is a population thats experiencing great anxiety and stress and if we can do this little step in faith to be able to help them make a step to begin their college career, we want to be able to do that. So thats what were doing. After grants and scholarships that will cover, we will cover for our new students coming in this fall, the rest of their tuition. Neil thats amazing, father. Leave it to me to ask a godless question. What about sophomores and juniors and seniors who say hey, what youre doing for those freshmen, you better do for me . You know, thats a great question. Honestly, its what we really wrestled with about how we will go about this. We are providing money to all of our students who come back, not full tuition, but then we have also created a fund where we are going to impact those people who have been specifically hurt or struggles with job and stuff and their parents and come back as. We have our fund we created partly through investments, we are a small school with not a big investment but we believe this is the step god wants us to take so we will draw down a little on that. The other thing we are inviting people to do because the reality is there are going to be some snun new students who have funds available. We are telling people if you are able to help us out, theres a step in faith fund where people are able to help out. The other thing is, this was kind of cool, too, we want our seniors to come back for graduation. They missed their graduation. So we are going to help pay whatever to bring the students back for graduation. Neil thats beautiful. Dhous t how does the fall Academic Year look . Will it get launched on time . I cant believe im asking this now because at first i didnt see the possibility that the school year this year would be canceled. Looks that way. So what about in the fall . Does the fall start look good to you . It does. I mean, obviously thats what we are hoping and praying for as well. We are moving towards that direction, trusting that everything is going to be able to work out. But thats the other part of this, that people are anxious about that. We are doing everything we can from a health standpoint at the university as well to make sure that parents can send their kids here and be comfortable and feel safe about that. But we are certainly hoping and praying that school is open. Im actually in the library right now and theres no kids around here. Thats just the quiet outside the door, theres no students here, thats not what a College Campus is supposed to look like. Our chapels are empty. Thats not the way its supposed to be. Can i just say one more word, too . It was interesting neil sure. It speaks to the kind of students we have. The people who came out so much in support of this was our sophomores, juniors and seniors. They said that just speaks to the type of school that we have. The kids who are not getting full tuition were excited because they believe the best place for these freshmen to be is here on campus. I was just really, really affirmed by the response of our jun yors aiors and sophomores a seniors. They have been great. Neil as a franciscan institution, did you feel this was a chance to tell the jesuits top that . No, i did not feel that. One of the things that actually before francis died, he said i have done what is mine to do. Now you do whats yours. Thats the way we feel. This is what we as a small Catholic School in ohio, this is what we feel god wants to do. We will leave Everything Else to whatever they feel they are supposed to do. Neil all right. Im going to call the jesuits and see what they can do. Father, thank you very much. Very uplifting story. Can i say neil kids not in the libraries. I just want to speak to you, neil. I come from a family, my mother has multiple sclerosis and i want you to know, there are times you putting on your tie and jacket and going to that desk is difficult, most of the world doesnt see that, but the families who are impacted from m. S. , we see that, we see your courage, see your strength, and just want to let you know of our prayers as well. Thank you for everything you do. Neil thats very nice of you, father. Are you the one doing the good deeds, my friend. Continued success with this. I only use the m. S. , father, if i can get out of chores at home. It works that way. But thank you, sir, very much. This is the kind of news a lot of people needed to hear. Be well, be safe. All right. We will go right now, kathy mcmorrisrodgers, republican leadersh leadership, talking about the measure that is up for vote. Congresswoman, this ended up being a little pricier than you wanted but obviously it is what it is. How soon do you think it will be voted on and on to the president s desk . Right. Well, neil, i think its going to happen this afternoon. The vote will happen this afternoon. I just want to say i also was inspired by the president of franc Franciscan University. We need more stories of hope. That is what this legislation is about. Its to give people hope again. Small businesses, main street businesses, due to no fault of their own, have had to close or curtail their businesses in large ways. The paycheck Protection Program is all about keeping people employed, making sure they continue to have that paycheck and clearly, the need is huge all over the country. So the legislation that we will be voting on later on today includes an additional 310 billion for the paycheck Protection Program. The idea is if we can keep people employed rather than having them go on unemployment, that thats going to be better, and this is a huge boost and really important for our main street businesses, our Small Businesses, due to no fault of their own. The legislation also includes 75 billion for hospitals. Again, i represent a number of hospitals in Eastern Washington, rural critical access hospitals in Eastern Washington that have not had any cases of covid19, but have been curtailed, they have not been able to do any of their elective procedures so they were already barely hanging on and now its even harder. So 75 billion for hospitals and then 25 billion for additional testing. Clearly a lot of focus on the testing. This is important to giving people the confidence so that we can open up again, we can go back to our lives and the testing is a key part of that. Neil do you worry, congresswoman, when you look at it, that people are going to get back to their lives at some point, its inevitable, you hope sooner rather than later, but it might be delayed, it will likely be staggered and that vshaped recovery so many want to see may not materialize. Does that worry you and the trepidation on the part of so Many Americans who are constantly looking for virus or promising treatments, got some disappointing news today on one front, how does that change the economic equation here . Well, i am worried about that. You know, just a short time ago, january, february, we were celebrating record unemployment numbers, you know, record job growth, record low unemployment, and the hit to our economy is grave and the hit to the american psyche, the risktaking nature in americans, its a big hit. So the sooner that we can actually give people hope and confidence to go about their lives again, to be able to get opened up, the sooner, the better. I would also just say i have a lot of confidence in American Ingenuity and american creativity. It is what has long defined us. Thats why we have led the world, because we are a creative people, innovative, we solve problems. Thats where people need to be freed to go out there and solve problems. When so much right now is based upon fear and theres so much, you know, theres a fear of the unknown, that shuts people down. It shuts down creativity. So thats part of why we need to get our economy going, we need to get people back to their lives so that so we give so that so that it brings back the hope and optimism that we need. Neil all right. Congresswoman, thank you very, very much. Best of luck with this today. Continued good health to you and your constituents and family. Congresswoman mcmorris rodgers. We are learning of yet another pork plant thats being shut down. We will detail you on that because i think we are up to about five. Stay with us. So i listen to audible almost any time that i can. Its my own thing that i can do for me. Since i dont have time to read, i mean i might as well listen. If i want to catch up on the news, or history, or learn whats going on in the world, i can download a book and listen to it. I listen to spanish lessons sometimes to and from work. Yea, it makes me want to be better. Audible reintroduced this whole world to me. It changes your perspective. It makes you a different person. See what listening to audible can do for you. Economy it makes you a different person. Have you worried about your finances in retirement . Learn how senior homeowners are using home equity to improve their monthly cashflow and preserve their savings. Most people thought the three legs of retirement pension, Social Security and savings. 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Kristina imagine youre walking down the street and all of a sudden you see a drone hovering over your head because you have been coughing or you hear a drone speaker tell you to step away from your friends because youre standing too close. The pandemic drones have arrived in america. These drones are made from a Company Called dragonfly, a company thats been around for awhile, and they have sensors on them to detect peoples temperatures as well the drone sensors can monitor to see if you have a fever, if you are sneezing, if you are coughing, your heart and breathing rates. These drones have been tested in the United States, more specifically in westport, connecticut. The police force over there wants to test these drones to monitor the spread of the coronavirus but of course, accuracy is a major concern. Listen in. This is definitely a kink that needs to be worked out. How are we able to distinguish between whats a true fever, whats not, how are we able to identify atrisk groups and remove them from the gathering because essentially, thats one of the things were looking at dragonfly being able to do. Kristina the drive to stop the spread of the virus has caused a new need for drones so the federal Aviation Administration did say to me they are enabling drone use for covid19 response efforts within our existing regulations and emergency procedures. The faa also issued approvals, some in less than an hour, for flights that support emergency activities. I did ask that spokesperson about privacy concerns. They told me the faa monitors security, not privacy, and even though these drones use biometrics, the companys ceo said that as it stands today, the drones cannot identify people. Neil . Neil i dont know. Makes me a little uncomfortable. Kristina, thank you very much. Great report. In the meantime, we are looking for the nfl draft tonight. Thats a big deal. Lot of people are into that. I didnt know that it takes place over multiple days but i just wonder how its going to go because they have never done this. Its multiple locations, multiple cams and its beyond my comprehension. Fortunately, it is not beyond matt napolitanos. Heerp here he is on what we might be seeing tonight. It might be surreal. How do you think its going to go . Well, its going to be really interesting to see go once and for all because prospects are going to be waiting to hear their names called, not in a room like you usually see waiting for that call. Instead they will be live inside their own homes finding out while teams will have staffers inside their own homes as well, trying to figure out who they want to bring into their franchise. Of course, the cincinnati bengals, first team on the clock tonight, are expected to take the Heisman Trophy winning quarterback joe burrough. A couple days ago, they had a test run of this thing, had a couple hiccups out the gate. They want the make sure these technical glitches are avoided as much as possible. One of the issues in the beginning were all teams were on a conference call. Thats the ultimate failsafe if all the video equipment goes down. Everybody forgot to hit mute. So as a result, they had a snag right out the gate there but it seems like the nfl is doing just about everything they can to make sure that this thing goes off without a hitch. They have been working with microsoft in conjunction with them to make sure this is a failsafe operation, and we saw a test run of it a couple days ago with the wnba doing their virtual draft so it should be interesting to see how well developed this goes tonight. Neil so it still takes place its has over three days. Do they modify or do they police how they did so far, we screwed up on that, to your point, someone didnt hit the mute button, but obviously its a work in progress, right . Yeah. They are making sure that anything is possible to assure that the right pick from the team gets in and is informed to commissioner Roger Goodell because hes actually going to be located in the basement of his upstate new york home, delivering these selections with a montage of live fans delivering their reaction virtually. I think that the nfl has looked into a lot of different options. They have also had the failsafe of whcalling the Vice President f player personnel, making sure the picks get in that way. They looked into all these different options and even teams are going the extra step to make sure they dont have a glitch happen on their own watch. Lions general manager bob quinn will have the teams head of i. T. Outside his home sitting in an rv and in the event anything goes wrong, he can rush in to bob quinns home, take care of it on the spot. Teams are going allout to make sure that nothing can really cause a hiccup throughout the process tonight. Neil you know, we have seen quasi music raising money for the coronavirus and all the companies behind that and it worked, in a weird way it worked to see all these musicians in their homes across the world and im wondering whether certainly we have seen more of that in the future for musicians and concerts, but im wondering here, too, what do you think . I think its quite possible if the nfl sees some success tonight and it ends up going as swimmingly as we saw the wnba do last week, i think we will be in a good place and it could be something to look forward to down the line. We have had the experience during the nfl draft before where players sort of skype in after they are selected, usually guys who are taken second, third round of the draft, often the guys who are taken first round on usually on site, but we have gone through this before. Just its a little more developed now that everybody is in a different zone, everybodys in their own homes conducting this, and theres a lot more things at play here where there could be some issues. I think the nfl could be on to something but im sure they just as much want to get back to the pageantry as soon as they can with Public Health in mind. Neil that would seem to be the case. Matt, thank you. Look forward to it. Matt napolitano on all of that. Meantime, you have heard about all these restaurants that either shut down or limited, not making much money in this environment. A restauranteur who is trying to help out others and is doing an offthecharts job of it, raising a lot of dough. Meet her next. 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Most of us here in new york and across the country closed our doors pretty much around march 15th. By march 18th our coalitions were born. Independent Restaurant Coalition nationwide. Here in new york state we have roar, relief opportunities for all restaurants. We called up our network and got 200 restaurateurs on the phone within two hours. Next morning we launched a funded partnership with robin hood, which is a organization here in new york for about 30 years. Were working on advocacy with governor cuomos office and also we raised a fund to support cash assistance to workers severely, economically harmed by covid pretty much overnight. Our industry cant work from home. When we closed our doors so many people were left without. We knew in a delay in government assistance, we fought hard to get enhanced Unemployment Benefits which thankfully got through. There is large time delay and some are in need. We jumped in and so far raised 600,000 to help our industry here in new york. Neil that is remarkable. For a lot of restaurants, those able to handle take out and delivery, obviously that doesnt come close to making up for the business they had but im wondering for when we eventually get back to sheltering in our homes, the rule is going to be that there will be fewer seats in the restaurants. They go from the frying plan into the fire. Are you worried about that . Severely. I think right now one of the things that scares us the most there ismuch talk of reopenings, to date 11 million pimpled people employed in nationwide. Last two months our teams have been out of work and unable to make ancillary income. What more, reopening to us were looking 50 of decline of business and capacity. Take my restaurant. Were 1500 feet. 35 seats in soho manhattan. Based on social distancing required for foreseeable, six, nine, 12 months, dinein business is essentially kaput, right . We have to think about what does restarting look like, for most of us, many of us across the country meet total definition of our businesses, so change has been offered to us how to structurally change the cost side of our business. So were looking at 50 decline in sales and were trying to bring back as many people as possible but were facing a very high fixed cost business and to date, again no restaurantspecific Restructuring Plan or stabilization plan what were calling for at all levels of government, federal, state and city. Neil that is scary stuff. Even once back in business you will only be partly back in business. We wish you well. Camilla marcus, youre doing a lot of good for Restaurant Industry workers who sorrily need that help. Thank you very, very much. Before i hand it up to a great forum going on with Charles Payne, the dow up 101 1 2 points. Concern about a vaccine or potential treatment that looked promising. Maybe not so much. That is weighing on investors. Charles hello, everyone, ooh im Charles Payne and welcome to our second America Works together virtual town hall. Todays special guest is mark cuban, it will be with us for the entire hour. Our First Virtual town hall focused on Small Businesses and government relief efforts. It was a huge success but there were so many unanswered questions. Since then as you know the ppp ran dry and millions of Small Businesses are really in a life or death predictment at this moment. Apparently more money is on the way. The delay could prove fatal for many Small Businesses. Frustration is growing and there is overreaching anxiety about the future of this