Transcripts For FBC The Claman Countdown 20240713 : comparem

Transcripts For FBC The Claman Countdown 20240713

Californias new reopening rule. And we know the nations meat supply has taken a terrible blow from covid19 but what about the Fruit Industry . Berry picking season is upon us, and the president of driscolls berries is here on how the outbreak changed his farmtotable supply chain and we have a very special Family Affair in this hour, gastrointestinal gastrointestinal it gas Charlie Gasparino and ir joined by the real stars, and the top Infectious Disease expert and charlies brother dr. Jamesgaspa rino is in the thick of the covid storm and in a very special interview with charlie and me they will both share their knowledge and stories from the frontline and the global battle against the deadly coronavirus and well ask which drugs and therapies work and which didnt and when do they think its safe for all of us to return to the workplace with less than an hour to the closing bell on this friday lets start the claman countdown. Liz and speaking of drugs and therapies we have this breaking news the National Institute of allergy and Infectious Diseases just say now it is testing Gilead Science remdesivir in combination with an eli lilly drug in part of a next phase of a Clinical Trial and the study will enroll about 1,000 people at more than 100 sites in the u. S. And abroad, and remdesivir of course is one of the treatments being eyed as the cure for covid19. Right now, we do have Gilead Science is down about half a percent after seeing quite a run up over the past couple of weeks and eli lilly is moving higher by half a percent. Granted we are only eight days into may, but Spirit Airlines report they are seeing an uptick in demand for the month, compared to april , when we know the bottom fell out of the entire Airline Industry after the coronavirus virtually shutdown the airlines the comeback is welcome but it is slow, folks. Jet blue has slashed its daily number of flights from 1,000 to 100 and today though its getting a nice move up 9. 6 , spirit pulling back today, 1. 5 . We have a good news bad news final hour of trade for disney. Tickets for shanghai disneyland, may openings sold out in just minute, even as chinese authorities limited the parks capacity. The bad news . Widelyrespected media analyst rich greenfield advised clients to sell the stock saying until the world feels comfortable and safe from the virus, disneys earnings are fundamentally impaired. Walt disney though is up 2. 6 so we know which side of this the investors are focusing on. Investors are hailing uber stock in the final hour of trade but the uber eats food Delivery Business thats really booming as folks order more takeaway from restaurants and while volumes sell in its First Quarter, the ceo says it is picking up now from certainly off the bottom and wall street joining an uber pool boosting ratings and price targets, d. A. Davidson raising it to a buy, wedbush and guggenheim raise their price targets as well and the stock is raising a roof here up 6 to 32. 84. Breaking at this hour, california has officially taken its first very cautious steps toward reopening the state. Governor gavin newsom has just outlined new parameters and rules for what is now the second phase of its fourstep process to to reopen countybycounty but while businesses start their process of bringing employees back how are they tackling this brave new world . One of them is vmware, a 54 billion Cloud Infrastructure Software Company the stock is jumping 4. 8 . Weve got the Ceo Pat Gelsinger here in a fox business exclusive , welcome just for our viewers who dont know, with 30,000 plus employees around the globe whats your reaction to california starting the process to reopen . Hey, thank you, liz. Great to be with you again. Its been a few months since weve chatted so thank you for letting me join the show today and obviously, were excited about the steps to reopen california and in fact i was on a call with a bunch of ceos and the governor just yesterday, and taking cautious steps and i think we, like many of the tech companies, we essentially flipped to workfrom home literally over a weekend and it was that quick for us, ourit systems all the investments we made made it easy for us and as such we were pretty comfortable this way and were going to prioritize our employees as we come back to work, but way more important is how we support our customers in helping them get back to work because many of them, boy they have a much harder time than we do so thats where our focus really is focused right now, liz liz yeah, i would imagine, but its got to be an extra stage for you. Youve got about 31,000 employee s all around the world first. Have you seen quicker returns in Different Countries where you have employees and second how are your employees, did any of them get sick and what have you heard from them on the ground . Yeah, you know, we have a small number, less than 100 of our employees were infected or were believed to be infected. And scattered around the world. Clearly some areas of the world are coming back more quickly like asia went into it more rapidly. Theyre coming out of it a bit more rapidly so our china teams are being encouraged to come back to work more quickly. Some of the states we set may 17 as our return to work date and then could be later, depending on where we are around the world again what were really focused on is how do we enable our customers and we just had some great example, liz, of leverag ing our Technology Like vanderbilt university, we helped them build a new medical wing, nebraska medicine, essentially they had no telemedicine and all of a sudden now they are having thousands of people and able to scale those up very quickly, working also one of the return to work things im really excited about is were working with the National Health system in the uk and theyre building a Contact Tracing app that vmware is their prime partner to build to help turn the country back on in the uk so that and leveraging our many of the work that we do and work space is helping customers to say how can we bring our people back into the workplace safely. Liz the Contact Tracing to me is really important, because you talk to people on the frontlines and i want everybody to watch because weve got Charlie Gasparinos brother who is a pull monday all o just and runs the icu at Brooklyn Hospital where all of this is going on and the Contact Tracing here is very spotty. Have you heard from any potential customers whether they are the individual states or the federal government yet . I mean the uk is using you guys why not us . Yeah, and ill tell you in the u. S. , as a statewide, its clearly not as aligned and a singular policy, some of the privacy concerns where the uk and weve worked very closely with the National Health system in the uk, and they have oxford and other top researchers and the privacy epidemiologists that were working with there, and i tell you ive been very excited to see how theyre stepping forward and the fact where right now in a public trial in the aisle to about 100,000 citizens there so i believe they are sort of taking the lead worldwide. And weve also learned many of the things that were some of the problems like in singapore and weve applied them to the solution so were very excited this could be ill tell you the Leading Light in the world and were starting to get some interest from other countries around the world as well as a few states in the u. S. But overall, ill tell you we think this is the best one in the world and were really thrilled to be working with the nhs in the uk to help bring it about. Liz keep us posted on that im very interested in following that Contact Tracing there. As we ramp up because i know you guys are incredibly busy, our viewers dont know this about you unless they listen to our previous interviews that youve been on but you grew up on a farm. You were not a wealthy child growing up and this is a very difficult time for people. Youve got to tell me as you yourself have had to cut jobs and freeze 401 k matching plans at the company what is that like for you as a manager and when do you think youll see that freeze thaw . Yeah, and weve what ive said is one, for any leader in this period of time communicate communicate communicate, just cant be talking enough to your employees. Second, be transparent. Dont be afraid to say what you dont know because in it often just saying im not sure of the uncertainty of this period of time. Third, empathy. It is hard. You know, many of the employees that ive zoomed into their homes, their houses look like we work offices. Kids and spouses and pets, and lots of empathy but then finally is to be clearminded about a vision to the future. Weve said, you know, were going to move faster to our future. Were going to embrace this crisis like Winston Churchill said never waste a good crisis and thats exactly what were doing, were going faster to the future, create more benefit to the customers, create more separation from our competitors and were all going to have to tighten our belts a little bit in this per idea of time because like the airlines, 90 plus percent of the business went away like you Just Announced on jet blue, boy our situation is so much better than theres and were going to be the best partner to help our customers because were going to build loyalty, build commitment and were going to come out of this better than before and when you tell that to your employees and you do it with transparency, empathy and over and over again they say i want to be part of that team, and were going to go make it better together. Liz yes. Pat gelsinger of vmware, thank you for sharing your experiences good luck to the team and well be following it, pat gelsinger, vmware closing well we are ring ing in about 49 minutes look at the Dow Jones Industrials up 359 points. Really strong rally here today, we are at 24, 236 with the dow, and lockdown stress though come on, you know who you are. Boy youve done some stress eating, right . Well its given hostess sales a sugar rush in the First Quarter the snack cake giant still pulling its forecast citing its supply chain as the biggest concern Going Forward and the twinkie maker shares currently up 4 . Who among you has had a little hostess cupcake . The nations Food Supply Chain has faced unprecedented challenges overall due to the covid19 pandemic. Coming up weve got the top man at strawberry giant driscoll s on the companies twotouch promise and when i say touch i mean fingers touching, but its really whats helped keep farms and store shelves stocked while also protecting all of us raspberry and blackberry and strawberry fans at home. The claman countdown is coming right back, s p jumping 40 points. I love audible because its a lot of stress relief, its a great escape. So many Great Stories from amazing people. It makes me want to be better. It changes your perspective. It makes you a different person. See what listening to audible can do for you. And my side super soft . Yes. With the sleep number 360 smart bed, on sale now, you can both adjust your comfort with your sleep number setting. Can it help me fall asleep faster . Yes. By gently warming your feet. But can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both comfortable. So, you can really promise better sleep . Not promise. Prove. During the memorial day sale, save 1,000 on the sleep number 360 special Edition Smart bed, now only 1,799. Only for a limited time. To learn more, go to sleepnumber. Com confident financial plans, calming financial plans, complete financial plans. Theyre all possible with a cfp® professional. Find yours at letsmakeaplan. Org. Liz we are just getting this breaking news, apple has announced it is set to reopen a small number of its Stores Across the u. S. , specifically, stores in idaho, south carolina, alabama, and alaska. This will start next week, the stock is moving higher by about 2 . Along with this announcement, they added guidelines for the reopenings. They include requiring customers to wear masks and undergo temperature checks before entering the stores. There will also be social distancing guidelines that will limit the number of customers that are in the store at any one time which apple says may of course delay walkin customers. Just checking, apple has about 271 stores here in the u. S. , so again, lets stress that just a few of these stores will start to reopen in states that appear not to have too much exposure or at least coming out of the coronavirus storm. Coronavirus outbreak has now prompted at least 40 meat plant closures and Coronavirus Infections tied to meat plants are hitting a startling milestone. The number of cases has surpassed 10,000 of these meat plants with at least 45 workers killed by the virus. That, according to a new usa today report. At least 170 plants in 29 states have now been impacted by coronavirus but it is not just meat plants sparking concern, the Worlds Largest supplier of appreciate berries, the top man at driscolls has been working to keep the links of the chain from splitting and great to have you. We have seen thousands of pounds of vegetables rotting in the field because of broken down supply chains. What has been your experience with your fruit . Yeah, the initial panic buying everywhere the Food Supply Chain really became quite vulnerable and there was a lot of shortages in terms of being able to handle the capacity to moving all of the food and so you started seeing this wave backwards of the supply chain and for a period of time there, we were not able to sell everything that we had. Liz you did get creative though. Part of your problem was that you wanted to give to food banks because you couldnt get the berries directly to some of the stores but the cost of moving this with truck drivers, et cetera, how did you overcome that first problem . Yeah, first, we made some large donations on our own but then we reached out to the government and to the usda and we just suggested to them that rather than us leaving a bunch of rare berries out in the field , in the ditch, that if we could come up with a program to buyout the fruits and vegetables and redirect those to the food banks that need them and the first is going to be ordered tonight and were excited that the government stepped up and the usda did a great job of getting this program up and running in a very short period of time. Liz okay, so tonight. Thats big news for you, im sure you have been really really anxious to get that kind of news so much of your business has been with restaurants and larger venues. That business is all shutdown. Tell me if youre starting to see any signs of life from the restaurants you used to supply with raspberries and blueberries and blackberries. Yeah, i think you see a lot of people in the foodservice business that are getting quite creative in terms of what their Business Model looks like so we have seen part of the business come back. We are probably at about 65 now but we were down to 15 for several weeks and so all of that business had to get shifted into Retail Grocery which was very very difficult. Liz lets talk about one thing when it comes to social distancing that you have an advantage of or you have always said that it is just a twotouch system meaning actual touching. You have workers who are picking the fruit, one person, and they put them directly into those little plastic boxes as you can tell on im a big fan and i buy your stuff all the time but from there it goes straight to the person whose eating it. What about i guess in the fields though are you able to social distance in that regard . Yeah, i think we have that advantage in the berry business we primarily pickandpack out in the field so youre right the harvester is the only person prior to the consumer that ever touches that berry. In the field theres quite a bit of space and we have spent decades building crews and now we are building the same crews that distance apart so the biggest challenge is a cultural one but i would say just communication communication communication and its going pretty well, so we do have that advantage that we do not have processing facilities or pack houses so we do have some advantages out in the field that makes it a little easier. Liz soren b jorh, good luck to you, thanks for opening your window to your world, we appreciate it. Closing bell is ringing in 39 minutes we still have a very strong rally right now, as you see the dow is still up 372, on what most would consider a really bad piece of data and that was 20. 5 Million People have lost their jobs in the month of april. Up next live nation has canceled or postponed 65,000 shows during the coronavirus crisis, 2020 was supposed to be its best year ever. Find out how long it now says it can go without selling another ticket to its headline act. And oscar winner tom hanks among the first most high profile names to get the coronavirus and boy did he and his wife get it bad. Now, hes giving plasma as part of her ucla Fielding School of Public Health studies, how this disease really works, the immunity and whose most at risk. We are joined along with Charlie Gasparinos brothe

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