Pandemic. This week the Senate Passed a bill that will force Chinese Companies to follow the same accounting rules as u. S. Companies listed on u. S. Exchanges. The nasdaq is set to unveil new rules of initial public offerings, a move that could make it harder for some Chinese Companies to list on nasdaq. I spoke with larry kudlow,ing the white house chief economic head, about this a hardline stance toward Chinese Companies as well as the white houses decision to halt money from the thrift fund going into Chinese Companies. Watch. The solution here is for the chinese to open up their investment system and to play according to the rules set by longtime authorities in the usa, the sec being the key and the Public Accounting board being another key. We cant ask military retirees to invest in Chinese Companies that are operating against our own interests and in some cases with respect to this pandemic, we saw the president wrote an excoriating note to the world trade organization, china an
The white house. Whats happened to the world and to our country with all of the death. We are going to build our economy back bigger than ever, but with all of that death you could never replace whats taken. Its very sad for a lot of families, you know, so horribly hit and so unnecessary. They could have stopped it. They could have stopped anytime china where it came from. But didnt happen that way. Maria i want to ask you about china, ill get to that. But lets talk about the reopening of america right now. About half of the states have begun this process. Right. Maria is it too soon . There are some calls out there that theyre talking about a relapse in the fall. Is it too soon . So i want them to open when they can, when they want. The governors are opening them. Most of them are either opened or opening or considering it. I think that we have to get back to work. We have to get our country back. We have to take it back. It was artificially closed. I think were doing incredibly well
Screaming of guests is suggested, not required. Masks and also not mandatory for customers. They want you to change linens after every dining experience. They recommend you go reservation only but they are not mandating that. Reporter across the state restaurant others are trying to figure out how they will make a go of it. You are already running on low margins to begin with. Im not nacve about any of this. Mechanism often refers to his former career and restaurants before politics. He acknowledges that some will fail, even in normal times. Costs are fixed, even with fewer people planning. Some venues cant expand outdoors or at plugs last partitions. Two, three more weeks and i think we are going to see a large chunk of our industry throw in the towel. Reporter a big loss, restaurant bars. Alcohol can only be served with food to keep customers apart from each other and servers. But booze is one of the profits. Somebody just comes in and has a couple of cocktails, is going to prove to
Businesses will have to implement a sitespecific plan to protect employees and customers including disinfecting and social distancing. None of this means anything if customers dont feel safe. And none of this matters, in the spirit of your question, and direct response if employees dont feel safe and dont want to come back to work i dont see the issue of economic opening and growth disconnected from health. Other businesses include pet groomers and dog walkers. The governor said counties can remain under stricter orders if they decide to do so because of local conditions. That includes these six bay area counties that have collectively decided to remain under stayathome orders through the end of may. Mini bay area Restaurant Owners are trying to see how they can adapt to these new guidelines. Ktvus rob roth spoke to some of them. They see opportunity, but also struggles ahead. Reporter when slow hand barbecue i did have it to take out orders only the owner didnt know what to expect. We
The white house. Whats happened to the world and to our country with all of the death. We are going to build our economy back bigger than ever, but with all of that death you could never replace whats taken. Its very sad for a lot of families, you know, so horribly hit and so unnecessary. They could have stopped it. They could have stopped anytime china where it came from. But didnt happen that way. Maria i want to ask you about china, ill get to that. But lets talk about the reopening of america right now. About half of the states have begun this process. Right. Maria is it too soon . There are some calls out there that theyre talking about a relapse in the fall. Is it too soon . So i want them to open when they can, when they want. The governors are opening them. Most of them are either opened or opening or considering it. I think that we have to get back to work. We have to get our country back. We have to take it back. It was artificially closed. I think were doing incredibly well