Transcripts For FBC The Claman Countdown 20240713

Disposes of all that medical waste. First on fox business, the ceo is here on grinding down and destroying covid from all the used masks, gowns, needles and more. And with schools still closed, the untold story of not necessarily about kids or teachers struggling with the new virtual reality, but the parents. You know what im talking about if youre one of them. A fox business exclusive with education giant mcgraw hill, trying to solve some of your problems. Plus, are your hands cracked and dry with all that hand washing . To avoid getting the virus . The guys who gave up their big city lifestyle to start over down on the goat farm. How their now famous Goat Milk Soap has the beekman brothers cleaning up in the middle of the coronavirus crisis. For those of you who thought peloton would lose the race, think again. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. The possibility of negative u. S. Interest rates may become a reality. We want you to see this intraday chart of the february 2021 fed funds futures contract. This is where the traders bet on what they believe the Interest Rate that the fed sets will be. So for the february 2021 level, it looks to be above the 100 mark. That is a level indicative of a negative quarter basis point policy rate, meaning the market is pricing in negative rates early next year. While fed chairman Jerome Powell has pretty much said no way, no way would that happen, we dont want that to happen, negative rates are for countries that are really in a lot of trouble, the markets appear to be pricing in something else. We will keep an eye on this. We just havent checked on fed funds futures in awhile. When we saw that, we thought uhoh. Were watching that. Got some time before february 2021. Meantime, weve got retail rumbling to life. Gap will reopen 800 stores by the end of may. We have ulta planning to swing the doors open at 180 of their locations. Thats supposed to be this monday. And kohls will reopen 25 of its stores next week. You can see the stocks are all moving higher. Nice move for kfs or kohls, up 7 . What a contrast to the retail wreckage at neiman marcus. The luxury chain is now officially the very First Department store name to file for bankruptcy protection. The name behind the famed christmas catalog struggled with billions of dollars in debt. Final nail in the coffin was the coronavirus pandemic. They filed chapter 11 which means they will perhaps get protection and restructure. Biggest pork Processing Plant in the u. S. Is partially back online at this hour. Tyson had been forced to close the iowa plant in an effort to contain the spread of coronavirus. The closure of many of the nations meat plants has put severe pressure on the countrys Animal Protein supplies. But the reopening here of tyson foods, stock is up 4 . Payment services have a really strong pulse at this final hour. Paypal hit a record high as it forecast a strong recovery thanks to a surge in online shopping. Paypal is up nearly 14 right now. That same hope is powering squared even though it reported a surprise First Quarter loss, moving higher by 11 . Nice jump there for both of those. And peloton is peddling to a win. The subscription based exercise company is hitting a record high. Look at this price, 43. 91. Up 15. 33 right now after raising its revenue forecast and wait until you see how many people have subscribed now. The boom prompted by the pandemic helped power a 66 rise in Third Quarter sales. It might just be one of the fastest comebacks in stock market history. Yeah, the nasdaq. After tanking 30 less than two months ago, the nasdaq is now positive for the year. Nasdaq is not the only sector staging pretty beautiful recovery, though. Oil is spiking 82 over the last two weeks alone. While initially jumping today, well, there was this news, that chinas exports rose last month before turning negative, oil is still 62 below its oneyear high. You know what i always want to do is give you some perspective here. Even the hardhit Consumer Discretionary sector has bounced back pretty significantly over the last month. It has jumped more than 15 . But how will tomorrows april jobs number impact the markets and what should you buy and what should you avoid ahead of that report . To our floor show traders. Phil flynn, sart with ytart wit. Is there anything you would scoop up thats still at a discount ahead of the number tomorrow . Im looking at the oil refineries. Oil prices have come back pretty dramatically and one of the biggest stories we are seeing is the return of gasoline demand, right. Refiners had cut back on gasoline production because nobody was driving, everybody assumes we have plenty of supply, but all of a sudden demand is coming back faster than the production of gasoline. In fact, we heard from one big refiner today to say listen, we dont know how all this is going to play out over the next few weeks but we are only going to sell gasoline and diesel to our regular customers because we are afraid that demand is going to come back faster than our ability to produce it. That means if you havent filled up your gas tank, go do it right away, because these gas prices could spike if demand continues to recover. I like the refineries. Hollyfrontier is one of the ones ip keeping an eye on now. Liz is there anything you would avoid ahead of what we know will be a very very difficult report tomorrow to stomach . Yeah. You know, you mentioned peloton. I love that stock, because i will need it really badly after being locked in the house. Im too close to my refrigerator. Weight watchers would be great. I think what i would avoid for sure is you know, the movie stocks. I really think theaters are becoming a thing of the past. Everybody has been locked at home. Look at netflix, its gone through the roof. They are seeing everything they can live at home. Some of the theaters will have a difficult time coming back. The only way they will come back is if hollywood comes out with one blockbuster after another and even that might not be enough to save a lot of these chains. A lot of them are in trouble and you know, with the concerns about social distancing, people arent going to be able to get back into the theaters. I would really avoid those stocks. Liz john, when you look at sectors, phils right, we have seen the oil Services Come back, we have seen some really nice moves there, even Something Like the theater stocks. They were down for the count, amc has jumped pretty exponentially considering it was hanging by a thread there. Tell me, is there a sector you feel hasnt been picked over and that is a real bargain ahead of this april jobs report tomorrow, or in the wake of it, might sell off and would make it an even better discounted name . Yeah, you know, i think heading into the number tomorrow and seeing the effects on the market with the numbers today, the markets pricing all of this in. We are pricing in bad news already. And the market likes the transparency. So yes, the numbers are going to be bad. Sectors are going to be wildly affected by this. But i dont think overall, we will have a heavy foot on top of the market just because of these job numbers. We know what we are getting. Where do you look . Clearly its easy to say that, you know, the Technology Sector has had a great runup. We saw microsoft earnings come out and they blew numbers away, not really tremendously impacted by whats going on right now. Medical sector, that is also playing into this. Theres still a lot of room left in there. I wasnt going to touch on oil purposely because i knew phil had that one right down the middle but im going to think about one to stay away from which could get affected by the jobs numbers. Thats the reits. Commercial real estate, commercial office space, those are going to be impacted by job numbers. People are not working, businesses and corporations are going to have to reevaluate their footprint as far as office space is concerned and the thing we are all learning, and i dont care what business youre in, there is part of your business that you can work from home. I think moving forward, the reits will seriously have pressure on them. We will need one or two quarters to get through that and to see how they play themselves and how they can place themselves in the future. I like to play the reits, just not yet at this point. I think we need to get through one or two more cycles. Liz i would also say you have already heard of major Chain Store Sales names that say were not paying our rent. Yeah. Liz limited brands. Youve got to be really careful with those. Great names and ideas all around. Thank you so much. We are about 51 minutes before the closing bell rings. Any time, guys. Nice to see you in your natural habitat. Dow is up 260 but keep your eye on that nasdaq. You may witness what is one of the fastest, if not the fastest comeback in history. From having been down pretty dramatically. Zoom looking to defuse the zoom bombings with the purchase of secure messaging and File Sharing Service keeping. The acquisition, the very first ever for the Video Conferencing giant, now allowing its users endtoend encryption to help protect the privacy of their video chats. Zoom is up 5. 6 . It stands at 158 even. Digital security more important than ever, as homes turn into schools. Parents, this ones for you. Up next, in a fox business exclusive, mcgraw hill ceo simon allen on what the Education Company is doing to help ease the pain of overwhelmed parents, now forced to play teacher in the covid19 age. The claman countdown is coming right back. Some Companies Still have hr stuck between employees and their data. Entering data. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. Can it help keep me asleep . Day sale on the sleep number 360 smart bed. Absolutely, it senses your movements and automatically adjusts to keep you both comfortable. And now, save 1,000 on the sleep number 360 special Edition Smart bed, now only 1,799. Only for a limited time. Liz welcome back. We are awaiting President Trump. He is meeting right now with the governor of texas. The tape will come. We will play it for you. Most states across the nation have shuttered Public Schools pretty much for the rest of the Academic Year due to the coronavirus pandemic. No word, this is the real issue, on whether they will even reopen in september. Kids, though, rapidly transitioning to Virtual Learning but parents, not so much. One of the big three education publishers, mcgrawhill, is in the thick of it. Since the pandemic hit, the company has assisted thousands of students and teachers from k through 12 and university and college with the sudden transition to Digital Learning but what about the parents . They are the ones caught in the middle, especially with the younger kids. Mcgrawhill ceo simon allen has been getting an earful, im sure, from parents. Simon, what are you hearing and what have you folks at mcgrawhill done to smooth the bumpy road that many moms and dads are enduring . Its a great question. Thank you for having me. You know, we have 4,000 staff around the world, many of whom are parents, and many of whom have children of, you know, young ages going all the way up through into university, and those particularly with Young School Age children have really had a tough time. They are transitioning from Traditional Office space environment, open plans, colleagues everywhere, day care for their children, family arrangements, suddenly all thats gone. Now theyre at home, their children are at home, they are faced with home schooling, faced with looking after the chores of the children, faced with working as well, although we try to ease that. We have been in regular communication with our staff and we have been telling them when they need to ease up, they need to ease up and devote time to their children. We are trying to provide them as well with pretty good information that we have through our company, through mcgraw hill but also other routes they can use to help with the chores. Its a challenge to get used to this adjustment right now. Liz yeah. Well, i can tell you that when you say when to ease up and spend time with your children, they want to get away from their kids, okay . So what has mcgraw hill been able to glean and fix or change about the platforms that you have . Youve got very important platforms here, virtual labs and then the connect that we can show on our screen, and how does that help parents deal with the situation and what has it done for your business . We are a Business Network here. These great questions. These are, as sad as the situation is right now, liz, these are very Interesting Times for mcgraw hill because unlike many other companies, we have the wonderful situation of being both an Education Company and a platform company. So the products you just mentioned, mcgraw hill connect, mcgraw hill alex, our virtual labs, these are all very very effective tools to help through the learning process. We have gone way beyond simply textbook publishing. We did that very well. Weve got wonderful, wonderful content. Now when you marry that with really, really effective platforms to give you the flexibility and the opportunity to really learn and test yourselves at your own pace, its hugely helpful. So for us, we spent the last few weeks since the lockdown essentially literally spending multiple hours every single day, every staff member, helping faculty, teachers and instructors, move their courses online, with massive speed. For our business, thats great, because weve already got the majority of our Customers Using our digital product. Now we are just accelerating that transformation even faster and literally helping teachers and instructors almost hand holding through the process of transforming their classes all to be taught online. Liz simon allen of mcgraw hill, can you come to my house and hold my kids hands for me . Thank you and your team at mcgraw hill for doing fine work during a very difficult time. We appreciate it. Closing bell ringing in about 41 minutes. High demand for handmade face masks. Not enough to save the bottom line for etsy. Despite at least ten price target hikes, the craft selling website missed on earnings. That is weighing on the shares. The stock down 2. 4 . But the stock just so you know, still up nearly 99 since the start of the second quarter. But there is an ugly truth right now. 50 of Small Businesses dont think they can make it through. When we come back, one that is crushing it and doing very well thanks to you washing your hands. 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One or two clicks and everything was up and running. I was printing out labels and saving money. Shipstation saves us so much time. It makes it really easy and seamless. Pick an order, print everything you need, slap the label onto the box, and its ready to go. Our costs for shipping were cut in half. Just like that. Shipstation. The 1 choice of online sellers. Go to shipstation. Com tv and get 2 months free. Liz breaking news. The president of the United States has just made newsmaking comments. Lets go to him right now in the oval office. But we ive had very little contact, personal contact with this gentleman, know who he is, good person, but ive had very little contact. Mike has had very little contact with him. But mike was tested and i was tested. We were both tested. [ inaudible question ] its a little bit strange but its one of those things. As i said, i said yesterday, governor, all people are warriors in this country. Right now were all warriors. Youre warriors, were warriors. You can be with somebody, everythings fine, then something happens to that person, and all of a sudden test positive and were all warriors together. I am, you are, we all are. Its what we were saying before. Shows the testing, we have the best tests in the world. What happens in between when you get tested and just a couple of days later. So in this case, there were a number of days missed and it was a long weekend and things, so you never know. But we both tested in a negative fashion, i guess you would call it. Any other questions . Reporter can we get your reaction to some breaking news, the Justice Department has decided to dismiss the case against Michael Flynn . Are you aware of that . I didnt know that was happening at this moment. I felt it was going to happen just by watching and seeing like everybody else does. He was an innocent man. He is a great gentleman. He was targeted by the Obama Administration and he was targeted in order to try and take down a president and what theyve done is a disgrace and i hope a big price is going to be paid. A big price should be paid. Theres never been anything like this in the history of our country. What they did, what the Obama Administration did, is unprecedented. Its never happened. Never happened. A thing like this has never happened before. In the history of our country. And i hope a lot of people are going to pay a big price because theyre dishonest crooked people. Theyre scum. I say it a lot. Theyre scum. Theyre human scum. This should never have happened in this country. A duly elected president and they went after him by going after fine people and those fine people said no, im not going to lie, i cant lie, hes not the only one. There are many of them. And they all said i cant lie. They could have said Something Like oh, make up a lie, trump loves somebody or something or some country and they said you wouldnt have any problem. Thats what they were trying to do. And its a disgrace. The Obama Administration Justice Department was a disgrace. And they got caught. They got caught. Very dishonest people. But much more than dishonest, its treason. Its treason. So im very happy for general flynn. He was a great warrior and he still is a great warrior. Now in my book hes an even greater warrior. What happened to him should never happen again and what happened to this presidency, to go through all of that and still do more than any president has ever done in the first three years, is Pretty Amazing when you think of it, with what weve done with regulations and tax cuts and Second Amendment and all of the things weve done, its never happened and until two months ago, we had the greatest economy in history. Unfortunately, we had like you did in texas, we had to close it down. But for these people to have done that, im very proud of general flynn, i can tell you that right now. Reporter who would you like to see pay a price for it . Oh, the people should pay a big price for what theyve done to this country. They should pay a big price. And their partner, very complicit, is the thing called the media. The medias totally guilty. And all of those writers and socalled journalists, theyre not journalists. Theyre thieves. All of those journalists that received a Pulitzer Prize should be forced to give those Pulitzer Prizes back because they were all wrong. There was no because if you saw today, more documents came out saying there was absolutely no collusion with russia. Came out very loud and clear. And they wrote for years because they tried to do a number on the presidency and this president , happened to be me. Pulitzer prizes should all be returned because you know what . They were given out falsely. It was fake news. Theyre all fake news. Those Pulitzer Prizes should be given back immediately. And the Pulitzer Committee or whoever gives the prizes, theyre a disgrace unless they take those prizes back. Because they got Pulitzer Prizes for what turned out to be false stories. And Pulitzer Prizes should be given to the ones that got it right. I could give you a long list of those names, too. You know who im talking about. [ inaudible question ] yes. We are helping various countries. As you know, russia is having a hard time with the same covid19. They got hit like everybody else got hit. We had a long talk and also, the 75th year and you know what the 75th year means. It was very nice. He called me because we were partners so to speak for a very big successful war and it was very nice, he called to as a congratulatory call, a call of celebration because it was the 75th year, and also, i suggested if they need, because we have a lot of ventilators, if they need ventilators, we would love to send them some and we will do that at the appropriate time, we will send them some ventilators. Well be doing that. And it was a very nice call. Remember this. The russia hoax made it very hard for russia and the United States to deal with each other. They are a very important nation. Were the most powerful nation. Theyre a very powerful nation. Why would we not be dealing with each other . But the russia hoax is absolute dishonest hoax, made it very difficult for our nation and their nation to deal. And we discussed that. I said you know, its a very appropriate time because things are falling out now and coming in line, showing what a hoax this whole investigation was. It was a total disgrace. And i wouldnt be surprised if you see a lot of things happen over the next number of weeks. This is just one piece of a very dishonest puzzle. Reporter have you been trying to arrange a summit with president putin and president xi . We are talking about arms control with russia and we will go forward with that, and we are talking about it very seriously, having arms control. They have many Nuclear Weapons and so do we. We are talking about arms control with russia. Yeah, they would like to do it. Wed like to do it. Reporter the job numbers, 33 million jobs have been lost in the last seven weeks. Will there be more job losses in may or will that number start coming down . Peter, the number will start coming down at an appropriate time, whatever that is. Im viewing the Third Quarter as being a very important quarter because as i said, that will be a transition. I think you could almost say a transition into greatness because i think next year we will have a phenomenal year. A phenomenal year. Economically. And were working very hard now. The governors working along with us, the relationship with texas has been phenomenal, and texas is opening up and a lot of places are opening up, and we want to do it and im not sure that we even have a choice. I think we have to do it. You know, this country cant stay closed and locked down for years. Somebody said lets keep it closed for a couple years. United states of america, the greatest economy in history two months ago, in the history of our country, in the history of the world. We had a far greater economy than anybody including china by a lot, and we had to close it down in order to really do something about the plague but we did something and we did a lot and we also, you know what, governor, we learned a lot about it. We know that you may have fires every once in awhile at certain locations, some little ones, maybe some big ones, but you know how to shut it down. Speak about that. Sure. I would. I was talking with dr. Birx about that. So what weve done, we have been able to contain the spread of the coronavirus in texas but at the same time, we created these surge forces that will go out to regions where there are flareups, its like putting out a fire. We have a surge force working in the panhandle of texas right now, up in amarillo and north of amarillo because of an outbreak at a meatpacking plant. There are several other issues with other meatpacking plants in texas. Basically, there are only three categories causing any type of outbreak. There are meatpacking plants, there are jails, and there are Senior Centers. So we have task forces that focus on those three areas. If it werent for those three categories, the people in texas testing positive would be very minimal. The governor and i have spoken about what hes doing with Senior Citizen centers is incredible. The time and effort and love that youre giving to Senior Citizens, they were just what has gone on throughout the country in some instances, as you know. Senior citizens areas. And the governors really made that a point, really almost before anybody i can think of. Because of that, we have one of the lowest death rates in the United States of america. Thats right. [ inaudible question ] reporter what role do police have in enforcing these lockdown and social distancing orders . Well, theres different standards used in different communities. However, today i made one thing clear. That is as we go through this process of trying to maintain order in our state, as we are asking the people in our state to comply with these orders, we should not be taking these people and put them behind bars. These people who have spent their life building up a business and being told to shut it down and lose every penny they have, and then if they dont follow every little, you know, fine point of all the rules, they suddenly are subject to arrest. That is wrong. Thats why i issued another executive order today saying that in the state of texas, no one can be put behind bars because theyre not following an executive order. That includes the woman that we have been reading about with the beauty salon . Shes free today. Good. Reporter following up on the coronavirus, in the west wing, the oval office, its deep cleaned, are you Contact Tracing people around this area who may have had contact with this person . And should there be a 14 day quarantine for those in contact with him . They are doing everything you can do, again, within the limits of testing and you know what that is. We have the ultimate testing. We have the best tests in the world. We gave more than anybody else. But i have always said testing is somewhat overrated because what happens after somebody takes a test . Whats going on there . And mike was just saying the word essential. Essential workers. As you know, essential workers are immune from that. Mike, you want to maybe mention that . Well, the cdc guidelines have been very clear from the beginning of this outbreak, for anyone that comes into contact with someone with coronavirus, we early on recommended that people selfquarantine. That recommendation of course was before we had done at this point some 7. 7 million tests around the country in states like texas are distributing tests very quickly to people that either have symptoms or are suspected to possibly have contracted the coronavirus. But with regard to essential workers, the president referred to, we have always had an exception. People to keep food on the table, people that are involved in public safety, most especially health care workers. We have asked them to continue to go to work by taking other countermeasures, including testing to ensure that they have not contracted the disease and as the president indicated, the white house now has initiated an effort that the president and i not only will be tested every day but i think everyone that comes into contact with the president will be tested every day. So keeping the essential work here at the white house moving forward and our National Response is the priority going forward. The big thing is weve been tested. Reporter dr. Birx, do you think this reopening plan is great . Are you thumbs up with them doing the 25 capacity for movie theaters and restaurants and the like . We had a long discussion, we had a particular discussion and i think many people know i dont understand the nail salon piece because i have never had my nails done. Its true. So i didnt really understand it. We talked about, you know, not having them in the first opening wave because you cant really physical distance. We had that discussion and he agreed. We have moved Forward Together and i think its those kind of dialogues and i think whats really been impressive to me by the governors is how much they know about epidemiology. So they will never be confused in another pandemic ever again, because he came with all of his data about what county had what, that was a prison, he had all the data and was able to answer every county and what the issue was. I think when you look at houston, you look at dallas and you see the ability to really contain and mitigate those epidemics but at the same time, contain epidemics, not allow them to spread in the community, this is what we have been asking governors to do with the tests and using focused testing to really find asymptomatic cases and protect the vulnerable. The ability to go into prisons, into meatpacking plants and into the Senior Care Centers and proactively test is really quite extraordinary. I think we still remain concerned about asymptomatic spread and we think that the progress they are making on testing in a focused way to protect others is really a way that we can move Forward Together to protect everyone in the community. Reporter so texas is a role model for other states . Every state is different. I dont want to get in a comparison with the governors because i talk to some incredible governors who are all doing quite a good job. Thats true. Reporter dr. Birx, followup. 20 states by the count right now that havent met the guidelines that you set here. What do you say to those states who havent met the guidelines and are already starting that process now . We have looked at all of them. We have spoken to many of the governors, most of the governors. As you know, we give leeway to the governors and these are governors that have done a good job in i think all cases. I have some that i dont think are doing a particularly good job, but for the most part, they have and these governors have, and we give them the leeway. They have to do what theyre doing, like Governor Abbott, when you look at the job hes done in texas, i rely on his judgment. You have parts of texas, vast parts of texas where theres no problem whatsoever. Theres like literally nothing. It would be a shame to keep that closed. Half of our counties either have no cases or five or fewer cases. Yeah. So the governors have great power as to that given by us. We want them to do that. We rely on them. We trust them. And hopefully they are making the right decisions. Reporter georgia right now, theres a dramatic video of an unarmed black georgia man who was shot by police while on a jog. Been a lot of protests about this. Have you seen that video . Your reaction . Im getting a full report on it this evening. My heart goes out to the parents and to the loved ones of the young gentleman. Its a very sad thing. But i will be given a full report this evening. Reporter havent seen the video yet, to be clear . No, i havent. Reporter theres a report about saudi arabia that the u. S. Is considering [ inaudible ] from saudi arabia. Can you confirm, is that true . I dont want to talk about it. But were doing some things, we are making a lot of moves in the middle east and elsewhere. Were doing a lot of things all over the world militarily. We have been taken advantage of all over the world, our military, and in the sense that were this is nothing to do with saudi arabia, this has to do with other countries frankly much more we have the most powerful military in the world. Weve spent 1. 5 trillion since ive been here, more than that, 1. 5 trillion on a military that we now have the Strongest Military weve ever had, we have the best equipment, the best missiles, planes, the best of everything. Were authorizing and just authorized ships, new ships being built, theyre all being built in the United States. Theyre beauties. We have the best submarines in the world by far. And we have submarines being built. And we go around and protect other countries, and other countries dont respect us like they should. In some cases, they dont even like us. Those days are over. Those days are over. So things are moving. Im not putting saudi in that thing but we are doing certain things that will be positive for us and i think very positive for them, too. Saudi arabias a very wealthy country and they have agreed to help defray some of the costs which nobody else would ever ask for, of course. You probably have to have a good businessperson in charge of a country, you know, i dont want to sound overly anything, i just want to tell you that very wealthy countries, we were protecting for nothing. For nothing. Or very little. South koreas agreed to pay substantial money to us which we appreciate very much. And we ask countries to help us. We are spending 1. 5 trillion, we are spending all of this money, it costs us a lot of money, our military budgets three times more and even four times more than the second largest spender of money, all right. Its more than that. Four times more plus. And if we are going to defend countries, they should also respect us by making a contribution. [ inaudible question ] frankly, this country was taken advantage of by friend and foe. But not any longer. Reporter what about pulling u. S. Troops out of the sinai . I have seen reports about that. I dont want to talk about that. We have pulled a lot of troops out of different places. We were guarding the border between turkey and syria for years and we had thousands of people there, and i said wait a minute, let me ask you this, turkey, syria, two big countries, they know how to guard their border. They have been fighting with each other for years. Why do we have thousands of soldiers, ultimately we got it down to 57 soldiers, then 27 soldiers, then they were getting a little hostile toward each other. I said get my 27 soldiers out. And that was about a year ago. I took a lot of heat. People said oh, thats terrible. I said no, its not terrible. Nothings happened on the border. They have been fighting each other for a thousand years under different names. Probably a lot longer than a thousand years. I said i dont want my troops there. So we are essentially out of syria other than we kept the oil. We kept the oil. That was better two months ago than it is now. Keeping the oil today is not as good as it would have been two months ago. Two months ago it was a wise thing. Today give it a year. I think so. By the way, oil prices have gone up which is great for your oil industry and great for jobs. Because its millions of jobs. We built the greatest Energy Country in the world by far and prices are inching up and i saw 25 today, right . 25 a barrel. Good for jobs. Thats what we want. Jobs. Go ahead. Reporter Governor Abbott said something about biusinesses and liability. Do you support Mitch Mcconnells liability i think you have to have something to do with liability for covid because you cant have a restaurant, and a guy is going to hope aopen and its a nice bs but its not exactly the oil business in its prime, right . And somebody leaves and they say oh, im going to sue them because they caught the plague and now whether he was guilty or not, the legal fees would drive him out of business. You cant do that. So i think you are probably going to have to have something. Yeah, i would support that. I mean, you go to a game and you sue the team owner or you go to some place and it would be litigation heaven. And you will noeever know where they caught it. So we have to have Something Like that. Otherwise theres going to be lawsuits, i mean, there already is in this country. But you would have lawsuits all over the place. Right . Reporter International Travel restrictions with china and all around the world, do you see any scenario of easing them any time soon . At some point, when they clean up, when everybody cleans up and when the plague disappears, sure. You want to have International Travel. Our airlines are going to do very well again. We saved the airlines with 25 billion and another 25 billion. But no, you want to have International Travel. But you dont want to have it france is having a hard time. You know, they did another shutdown, and spain is having a terrible time, italy, i dont even have to tell you about. But we want to be open to those countries at the appropriate time. Absolutely. [ inaudible question ] germany, we are very close to germany. We have a very Good Relationship with germany. Germany has done very good. They have a very low mortality rate like we do. We have a low mortality rate also. And maybe take new york out of the equation, we would really have a low mortality rate. But no, but i speak to her all the time. We communicate. We communicate. Our countries communicate especially. Yes. [ inaudible question ] no different than anybody else. I watch fox news and i watch others and i read a lot of newspapers and i get a lot of information from my people. I think im very well versed when it comes to not only the pandemic but everything. I mean, i enjoy that and i think i have an obligation to do it. But they are certainly a more honorable source than some. Some is fake. If you look at cnn, its fake news. If you look at msdnc, i call it msdnc you know what that means, right . Democratic national committee. You look at nbc, nbc to me is very dishonest news. Thats why they fired andy lack, i guess. You have to ask them. But andy lack was a hack. And they fired him. And they did a big favor to the world and to this country. But no, i find nbc to be very dishonest. I find which is a comcast division. I call it concast with an n. I dont use the m. I always call it kconcast. Abc, i thought he gave me a very fair interview the other night. Very professional. Ive had very Good Relationships with him, as you know. Cbs is having a hard time but theyre not getting it straight. In fact, last night i read where they did a false report where they actually got people to make it look like it did you see what happened . They got people, lets get some people because they wanted to make it look like it was turmoil. They do that with this white house all the time. They love the word chaos. When theres no chaos whatsoever. They love the word chaos. But what happened at cbs yesterday was terrible, where they got a lot of people to try and pretend like it was a mass amount of chaos and disorder. You saw that. It was terrible. So the news media in our country is a mess, but they fired andy lack and that was a good thing. Thats a big step forward. [ inaudible question ] i hope not. I dont think so. I think youre going to have embers, as i say. I think you are going to have some fires, maybe some fairly big fires in comparison to what people would even think, but this gentlemans a total professional. I think weve learned a lot. If you had asked that question a number of months ago, it would have been different. The answer would have been different. But today i think weve learned a lot. You will have some areas in texas where youll have to put them out and hell put them out. What do you think about that . We have learned so much the past few months and we now know first how to go in and contain but also, we now have the resources to go in and to contain. So we are going into these meatpacking facilities, we are testing everybody, or we will go into a jail and test everybody. We will separate those who test positive from those who test negative. But most importantly, we go into these Senior Centers because their lives are so vulnerable and we focus on the seniors and on ways to reduce the deaths. We now have all of these strategies to make sure that we are able to contain any type of outbreak and that allows the rest of the economy of big states like texas to continue to go and grow while we manage and contain the outbreaks where they exist. We wouldnt have known two months ago. He couldnt have given that answer. The governor couldnt have given that answer two months ago. But we have learned. There are still things we dont know about this crazy plague, this particular virus, but the answer that greg just gave which was so good, i dont think you could have given that answer and i wouldnt have known that answer either two months ago. So weve learned a lot. Reporter you expressed on sunday there would be a very strong report coming out soon [ inaudible ] and the virus. Is it still coming . When should we expect that . Its coming. I dont know that im going to give it to you. We will learn, look, it came out of china. Okay . Whether people like to say it or not, Everybody Knows that. I guess pretty much, i think thats pretty much known. They tried to blame europe. They were saying it came out of europe. It came out of china. Went to europe, went here, went to 184 countries, probably more than that now. That was a week ago. 184 countries. Can you believe it . And it could have been stopped at the point, it could have been stopped right at the source and it would have been easy to do but something something happened. Something happened. Either they made a terrible mista mistake, probably it was incompetence. Somebody was stupid and they didnt do the job that they should have done. Its too bad. Reporter are you considering other Economic Ventures to help people who [ inaudible ] filing federal taxes, that sort of thing . Things could happen like that. We have to help people. I was watching the salon owner. She looked so great, so professional, so good, and she was talking about, you know, her children. She has to feed her children. It was great. We can do things ministerially through executive order or otherwise that can help a lot of people, as an example, like delays. We can do delays of various filings. I could see that happening. I think a thing like that could happen. Reporter people got 1200 in those checks, a lot of them for a couple months, should they be expect toed to live on that fore next couple months or is more coming . Something could happen. There is talk of something happening. Well see what will happen. You know the greatest thing that could happen . If we can get our country open again and get it going again and have people get these great jobs again and what weve done is weve been able to have all these thousands and hundreds of thousands of Small Businesses pay their employees even though there was no income coming in so theyre ready to rock and theyre ready to go and when texas opens and other places, youre already starting the process, the best thing we can do, peter, is get our country going. Get it open. And get it open safely. Well put out those little fires or those big fires if we have to, but we have to get our country going. Reporter there are four gop senators [ inaudible ] for technical and essential workers. Say it again, what . Reporter visa suspensions. They are asking you to suspend we are talking to them. They are good senators. We are talking to them about it. Reporter you would sign a buy american executive order . I have been saying buy american ever since i announced i was running for office and long before that. No. We are bringing a lot of companies back. We were doing that long before this happened. Japan is having big plants built here. We have many japanese plants coming, where theyre building their cars. I said you have to do it. You have to do it. They were doing it. We have many Many Companies coming back to the United States. Then this hit and when this is gone, it will continue. But maybe it will continue even more so because we have learned a lot. We have learned more than just about this particular invisible enemy. Weve learned a lot. Weve learned a lot about the economics and the importance of making things in our country like we used to. You know, we used to make things here. Then all of a sudden, somebody became a great globalist, some genius became a globalist but now hes not such a genius anymore. Maybe hes not even a smart person. We got to make things in our country. That includes medicine, it includes steel, you know our Steel Companies, we had it very good. Weve made it very difficult for steel dumping and some of the companies were doing very well. Now of course, we got that waylaid a little bit but we will always help our Steel Companies but we have to make our product in this country. I have been saying that for a long time. Globalists have cost us a lot of money. And a lot of security. Reporter Wearing Masks . Yeah. Which valets you talking about . Theyre all over the place. Reporter your personal valet. They do. They are and they do. Reporter they do wear a mask . Your personal valet wears a mask in his interaction with you . They do wear a mask. Yeah. Lot of people in the white house wear masks. Frankly, a lot of people want to wear masks until this thing goes away. We have a lot of people in the white house. I see it all the time where theyre Wearing Masks. Just a little while ago they were wearing a mask. Theres one of them. You were wearing a mask a little while ago. But i know a lot of the reporters arent Wearing Masks. Thank you very much, everybody. Thank you. Say it . Reporter are you going the reach out to general flynn . I will, yeah. I think at the appropriate time, i think hes a hero. Its a scam. It was a scam and a hoax. I think hes a hero, the general. Thank you. [ inaudible question ] good shape. Great shape. Liz President Trump taking questions in the oval office, saying quote, we have no choice, we must reopen the u. S. Economy safely but get it open. He also said he had very little contact with his personal valet, who just tested positive for the virus and there was an interesting moment after that where he talked about his personal valet where he said quote, testing is somewhat overrated but then White House Coronavirus response coordinator dr. Deborah birx said she still remains concerned about asymptomatic might unknowingly spread the deadly disease. One things experts know, the pathogen lives on surfaces. First on fox business, we bring in sidney miller, their a cycle, which disposes one billion pounds of medical waste annually. Great to have you, cindy on the show. Disposing of medical waste is always important but knowing how this virus is how does stericycle handle that . We are the largest medical Waste Company in the u. S. We provide that service in numerous other countries around the world. We have over 30 years of experience, we have a vast Infrastructure Network and we have amazing team of drivers, plant workers and in hospital technicians who work shoulder to shoulder with Health Care Professions in order to insure that medical waste, all medical waste, including covid19 is handled safely and properly. So for us, stericycle and our team members every day are providing an essential service in essence to kept keep the Health Care Network really up and running. So weve handled covid19 and quite frankly all medical waste needs to be treated with extreme care and caution. And were just certainly, super hyper care on the emphasis of safety and certainly handling things properly. Liz yeah. I covered your company for 22 years. A long time. I know it well. My father was a surgeon. So he used your products and he used your services but how do you with all of the masks, with all of the syringes taking tests when it comes to finger sticks, et cetera, how are you getting rid of this waste right now . Yeah. I think it fits into, i think all of the medical waste, if you think about it, youre very familiar with it and your father would be as well, medical waste being waste saturated with blood or infectious material. Obviously covid19 falls into that. So for us we process it. There is awful lot of science goes into it as you can imagine. It is one of twoways. You have to either autoclave which is a scientific term for pressureized waste in order to fell all the organisms in there so theyre rendered safe for the community and for the environment, or incineration. I think the key for stericycle right now is making sure we have appropriate staffing. That we have, that we have adequate capacity which we do. So that we stand at the ready to continue to handle this pandemic and you know, anything else that may come in the future. Liz yeah. You guys handled ebola very well. It is fascinating to watch but also for your stock it is up 8 today. What has this situation done for your business in the last couple of months . I know that sounds very kind of heartless. We care deeply about all of the victims but as a Business Network were interested to quickly hear that . Sure. Thank you very much for that question. One of the things that come out mostly in these times of trouble is the fact that our brand in our 30 years of experience has come to the forefront. Very early we were engaged with the cdc and osha and d. O. T. As i mentioned we provide this service in other countries. [closing bell rings] so wee been involved with other country regulatory agencies as well to make sure we insure policies and procedures liz i have to interrupt you. That is the closing bell. Thank you for coming on the show. Cindy is with stericycle. She is the ceo. A terrific leader. Nasdaq just misses turning positive for the year. Melissa optimism on wall street. Stocks soaring as the number of new jobless claims continues to decline. At the white house President Trump preparing to deliver remarks to commemorate the national day of prayer, after meeting with the texas governor. Im melissa francis. Connell im connell mcshane. Welcome to after the bell, everybody. The dow is up 200 points. Were watching nasdaq to see how it would close. If it settles in where it does now, it will be positive for the year which is