Transcripts For FBC Cavuto Coast To Coast 20240713

Dow jones up better than 600 points. S p 500 racing ahead. Over 200 day moving average. A lot of technicians Pay Attention to that. Chicken entrails and tea leaves to moi. A lot of people Pay Attention. Nasdaq three or 4 from alltime highs. Already in positive territory but from all time highs. Greasing the skids, hope for a vaccine sooner than later and Nine Companies are into that, thats right, Nine Companies. Well get into that in a second. Optimistic comments from companies as we speak from andrew cuomo. Hospitalizations also sliding. Number of deaths also sliding that could be a Promising Development when we open up entirely the empire state. The whole drill there is up state, down state, new york city region, everything north. Right now there seems to be growing talk eventually getting new york city addressed. Were on top of that as well. Jackie deangelis following all the fast moving crosscurrents. Jackie, what have you got . Reporter good afternoon to you, neil, after a Holiday Weekend the markets certainly rallying this morning. There is a lot of optimism as you said, not just on reopenings around the country but here in new york, slowly but surely seems to be opening up and inching closer to that level. Meantime hopes for a vaccine also helping to boost the market. You have merck saying it will work along nonprofit Scientific Research organization to develop a potential vaccine against the coronavirus. Then you have the novavax ceo who was on our air earlier this morning, very optimistic as well. Listen. Our vaccine just entered Clinical Trials today. We spent some time. We actually evaluated 30 different ideas. This is a complex problem. Im very optimistic with our data that we can come out with a vaccine thats deployable. Itwork and we think we can make 100 million doses by the end of the year for use. Reporter so we have talked about treatments but obviously the vaccine would be coronavirus gold if you will because people could get it, go out and feel safe, they wouldnt contract the virus. The biggest gainers today, were seeing directly tied to reopening the u. S. Economy. So youre seeing some movement in the cruise liners, leisure companies, casinos as well, airlines seeing a little bit of a boost today. Oil prices seeing a boost too as folks are seeing nicer weather at least here on the east coast. Definitely getting out and aa little more than they were before. Behind me, down at new york stock exchange. Stock Exchange Floor was closed for nine weeks, one of the longest closures on record. Give you context, for 9 11, four Business Days shutdown. For sandy, two Business Days shut down. This ask a limited reopening where you get a quarter of Trading Floor back, with new rules, masks, social distancing, plexiglass. No eating on the floor. No coming in close contact with each other. They will have to sign liability waivers as well to enter the building. It is his tore rick, it is iconic, the floor of the exchange, neil. Everyone here is really excited. Back to you. Neil i dont know, the deal breaker would be no eating on the floor thing for me. Jackie, thank you very much. Jackie deangelis following that. To jackies point, traders albeit in smaller numbers back on the floor. People saying what have you been seeing in the past . It generally done by computers in the last seven weeks or so. So now human hands are touching the trades. Specialists come in to sort out the buy and sell orders. That is what is going on there, but not nearly the numbers they used to be. Im old enough to remember when it was an inch between traders on new york stock exchange. Now it is cavern news even with them coming back today. Were following that. Talk about distancing rules in effect. Whats happening at all these places that had been reopened from beaches, to malls, to restaurants where you do have to spread out and you do have to keep your distance, sometimes that goes well. Sometimes as mike tobin reports from chicago it does not. Hey, mike, what have you got. Reporter a lot of fallout from memorial day weekend, neil, particularly in missouri where people apparently flaunting social distancing guidelines for a pool party. This video has done the rounds on social media. As a result the st. Louis county telling partygoers if they have any compassion, quarantine for 14 days or wait for a negative test for covid19. Im not worried about it. If youre worried about it, stay home. If you dont want to catch it, stay home. Reporter different scene in bloomington, indiana, got out to enjoy beaches, but made a social distance from the water. We will find a spot that is not too close to the families. Reporter indiana saw a lot of tourists from illinois as the land of lincoln is largely locked down. Illinois residents flocked to wisconsin where the state Supreme Court vacated governors extension of the lockdown. Many bars and restaurants were back in business. Illinois restaurants are opening for patio or outside dining as of friday but chicago mayor Lori Lightfoot says the second city is not quite ready to reopen. It will take a little while. Neil . Neil mike tobin, thank you very much, my friend. That is where we stand right now, most of the state has have reopened, at least 24 of the states experiencing a pickup in coronavirus cases. Now i hasten to add here, that is not necessarily bad thing with testing vastly improving, a lot quicker, a lot easier, a lot more rapid, fact of the matter you will see a spike in cases. What gets worrisome when those are positive cases. Most of the states reopening hope to keep that down to 3 or lower of the new cases coming in. In other words 3 or fewer testing positive for the coronavirus. Having said all that, so far, so far, in the ozarks, notwithstanding some developments in alabama and missouri not with standing this has gone ahead without too much disruption. What can we read into that . Lets go to john bussey, wall street journal associate editor, fox news contributor, much, much more. What do you think of what youve seen thus far, john . Well it is what you would probably expect, neil. Youre seeing a uptick in Economic Activity. Mind you off of a very, very low base but youre seeing a bit more air travel. Youre seeing some Mortgage Applications being put in for people looking for a new home. Youre seeing restaurant activity increase this is to be expected as the states slowly opened up, you will see this slow recovery in Economic Activity but, were going to be bouncing along the bottom for a while in terms of the data, right . The data will be mixed. Business activity is still down. People filing for unemployment is still up. But at same point, very interestingly, Consumer Confidence in may showed a tiny up tick. Most people expected it to drop again. You will see this mixed message on the economy, but primarily sort of on the up swing mixed message as states open up and pentup demand realizes itself in Economic Activity. Neil wondering with the pentup demand you did you ever think we might be off it . Theres a school that says well have a rapid rebound just coming off of this. There are early anecdotal signs of that. Just as many on the other side, it cant be rapid or significant because the slow motion way so many urban areas are coming back from these sheltering provisions. Where are you on this . Yes. Harriet tory, our econ reporter has a good piece on this in wsj. Com right now. Which is examining what youre describing, kind of mixed forces at work in the economy right now. Some of this, neil, is the emergency spending that congress passed. These are the checks that went out. People are spending them. How much of that is going to continue when the economy really comes to grip with the fact that you have 14. 7 unemployment here, which is a very bad number . That bad number, kevin hassett, Economic Advisor to the president , expects to hit above 20 in may. So, those forces are going to crimp activity that might, might be reflected in a vshaped recovery that some people are hoping for. My suspicion is that it is going to be much more elongated than that. The markets partly responding to the news on coronavirus vaccines in the works. Mind you there too, not until the end of the year at best. Probably more like a year out. There is good news. There is a lot of constraining news still on the economy. I think you will see that reflected in the numbers in weeks ahead. Neil all right, john bussey always good catching up with you, my friend. Joan busy, walking encyclopedia on that. Something that could disrupt that. We mentioned concerns about hong kong and how much china cracks down and how soon and exactly how they crack down. Seems inevitable. Rose tang survived tianamen massacre. Says at its core, China Remains a economic bully, notwithstanding the economic progress back in 1989. Rose is with us today. You have been very, very strong about this so i wonder what your view now whether it is still the same . Do you still see this environment going the military route, that china will stop at nothing to squash hong kong protesters . The hong kong activists and lawyers i have been speaking to over the last few days since the announcement of the National Security law told me actually that Chinese Government doesnt even have to use the Peoples Liberation army which is garrisoned in hong kong since 1997, the hand over of sovereignty from britain. The hong kongers told me [inaudible] very efficient and violent and they are, this year compared with last year especially in the recent protests in hong kong and, the police were a lot quicker and a lot more violent and their violence was more, was farther reaching. For example, on mothers day when people were singing songs and chanting some protest slogans, people tackled all sorts of people including women with their babies. Including a 10yearold kids and arrested a 13yearold student journalist. So they have no reservation and they have the beijing mandate to beat up people and even kill people. They have been doing that since last year. Neil so, rose, let me ask you this, there is such a strong ostracized to the world. If mem my serves me right, you know far more about this than i do, the world did notes interest size china after tianamen square. Australia, early rising capitalist power remained doing business. Now it seems like the world is ticked off over the virus and how much china might have contributed to it by lying about it and this time is different. Do you think it is, that the threat of sanctions, threat of being alienated with the rest of the world will give china pause or not . Actually hong kongers including myself, im a permanent resident of hong kong, so i see myself as a hong konger, speaking from hong kongers point of view, we ask, demand sanctions from the world especially from the United States, especially the implementation of the hong kong democracy and human rights act which was passed unanimously by both the house of representatives and senate and signed into law by the president last november and so the sanctions will be actually, according to other hong kongers as well be only hope for hong kong people. We want international pressure, International Concerns and international sanctions. In fact, more than 240, former government officials and current parliamentarians from 27 countries have issued a statement condemning china for passing, for planning and passing the National Security law while cracking down on hong kong. And condemnation is not enough. Words are not enough. Words are important but not enough. Action is the key. This, the Chinese Government, Chinese Communist party is the worlds biggest terrorist organization. Theyre using terrorism. Theyre calling hong kong protesters terrorists. Theyre using terrorists just like what they did in tibet, calling locals terrorists. Using terrorism to do whatever they want to crack down on dissent. As a matter of fact, even before tianamen massacre they really did not know that Chinese Communist party really does not know how to deal with consent but only rule with an iron fist. They can only lie. They only know how to lie, how to jail people, how to torture people, how to kill people. They have been doing that since they took power in 1949 and tens of millions of Chinese People have perished under their rule and now they are applying their colonial rule in east turkistan and tibet, southern mongolia like hong kongers. Using 160 chinese my greating to hong kong per day for the last few years. Theyre the terrorists. They sent agents to hong kong last year and this year and just as Hong Kong Police or just plain clothes or they just beat up people, including pregnant women and other violence. Their terrorism is up much. They have no concern and so this is the time for the world to wake up, to do something about it. Neil well see. If theyre not waking up right now, to your concerns, rose, sorry to jump on you, theyre not really responding in the way you would think. Rose well follow closely. Always appreciate your bravery and reminders. Youre very prescient exactly what is transpiring in hong kong. You said things calmed down. They wont calm down for long. You were right then. Hope youre wrong now. Corner of wall and broad, worried about this escalating into fullblown economic or worse war they have a funny way of showing it. Buoyed by promise of a vaccine, promising reopening of countries around the world, states around the country. That is the trend theyre focusing on, the trend they know, the trend they see, the trend they like, not what is going on in hong kong for the timebeing. Stay with us. Youre watching fox business. announcer in this world where people are staying at home, many of lifes moments are being put on hold. 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. Which is why when it comes to his dentures only new poligrip cushion and comfort will do. The first and only formula with adaptagrip cushioning technology. Choose new poligrip cushion and comfort. Staying connected your way youre just a tap away from personalized support on xfinity. Com. Get faster internet speeds with a click. Order xfi pods to your home in a snap. Or change your Xfinity Services with just a touch. All in one place. Youre only seconds away from all of that on xfinity. Com. Faster than a call. Easy as a tap. Now thats simple, easy, awesome. As of right now were go for launch. As bettina said the weather about 60 favorable for launch tomorrow which is good news where we were yesterday. We were at 40 . So the trend is in the right direction and we are very, very excited. Neil all right. Nasa administrator very happy where we stand for the launch of that spacex capsule done in conjunction with nasa. It is the first time america has launched two astronauts into space on its own for better part of a decade. Love the space chutes. Dont know how efficient they are. But came right out of 2001 to zoo me they look great. Closely watched the world over. Weve been hitching rides with the russians for better part of that decade. We dont have to do that anymore assuming it is a success. A lot of people assume it will be. This is spacex, elon musks Company Working with nasa to make it happen. Tomorrow it should be going off around 4 30 p. M. Eastern time. As luck would have it im on the air on fox news. Look forward to monitoring that every step of the way. As soon as you heard there was 60 chance weather would dent the launch. Now that is 40 . Now weather will decide everything. Meantime were looking what is happening with the covid cases that tended to climb depending on where you are and a lot of states in their efforts to try to rein in it in and address that william la. Jess is following all of that from los angeles. Reporter neil, remember for months, officials said, trust the data, that is where we were now. Model showed skyrocketing rates, states signed a blank check to build hospital beds or ppe, where they did not stockpile according to their own policies. Now taxpayers are paying the price. California paid half a million monthly to turn arena into 400 bed hospital treating just seven patients. 16 million to open a hospital that closed after 34 days, 92 empty. Now at the time Governor Newsom called it essential. Phase one, procurement, inconcludes some 50,000 beds above and beyond what is currently available in our hospital system. Reporter states rushed to build dozens of field hospitals around the country after spending almost 700 million, most closed after a week or two, many never saw a single patient. Oklahoma chose to go a different route paying nearly 700,000 a day to reserve 240 hospital beds, knowing the feds would pick up 75 of the tab. People i talked to rather have empty bed pay money for it then people dying not able to get care. Reporter they saw one patient a day while docked in l. A. , comfort left new york after three weeks. 90 empty. In california, half the 15,000 hotel rooms leased to protect the homeless remained vacant while shelter beds for Covid Patients are 90 empty. States also spent 100 times more on ppe and ventilators then they would have had they stockpiled the equipment. Paying 3 for a mask they could have had for 75 cents. Governors say the models said they had no choice. Hospital and shelter beds are going empty is a good thing. Others say spending other peoples money is easy when feds will pick up most of the tab. Many governors had the mind set. Back to you. Neil thank you, my friend, very much. William la jeunesse joining us out of los angeles. We have a lot more coming up, still taking a peek at corner of wall and broad where stocks are up appreciably right now. Look at this, a little more than seven weeks ago we were going in and out of 18,000 on the dow. North of 25,000. So 29,000 something is the alltime high. Were not that far from alltime highs. Nasdaq, 2 , 3 from alltime high. Go figure after this. Neil the one thing the administration has always been arguing the trend will be the friend. More businesses reopen you will see those that have been battered coming back. That could explain some comebacks weve seen in lot of travel and leisure stocks, motel bookings, Mortgage Applications. Carnival cruise lines seen a 11 spurt in activity. Mgm, up 10 . Southwest airlines up nine and 8 . Iag brought up 16 that would be the wind back at the market here as more open up and more are confident things will be opening up and rather swiftly at that. That is the hope at least as all this continues the blake burman with the latest what the white house is thinking, joining us from washington. Hey, blake. Reporter hi, there, neil, and one of the Big Questions Going Forward when might new york state, at least many parts of it, and new york city reopen back up, reopen the economies back up. We just heard from the new York Governor Andrew Cuomo a little while ago who said that that conversation will be taking place tomorrow in washington, at the white house. The new york governor saying that he will be meeting with President Trump to talk about how potential Infrastructure Projects could jumpstart the economy in that state. Listen here. Lets do that in partnership with the federal government. Im going to go to washington tomorrow, scheduled to meet with the president , to talk about a number of things. This is one ever the things i want to talk to the president about. You want to restart the economy, want to reopen the economy, lets do something creative. Lets do it fast. Lets put americans back to work reporter neil, i reached out to the white house if this meeting is indeed on President Trumps schedule tomorrow. We havent heard officially back from the white mouse this will take place but you heard that from the new york governor there. As it relates to the white house we heard today from larry kudlow who gave us a host of headlines throughout of the morning. Among them, he talked about the administration is behind the idea as he mentioned in the past paying companies to leave china, to come back to the u. S. , so those supply chains will move, he said. He said the idea of extending 600dollar Unemployment Insurance benefits is something that he does not believe will survive the next round of talks. There is this idea from the republican senator of ohio, rob portman who is talking about a 450dollar a week payment to get workers back on the job and kudlow said that is something they will look at quote, very carefully. He also mentioned when he was asked about other potential tax cuts, what might make it in to a white house plan, what might not make it in to a white house plan, he said at this point they havent made final determination what is they want to go back to with, go back to democrats with but he said that is coming in due time. Neil . Neil blake burman thank you very much, my friend, blake burman in washington. As you probably heard Major League Baseball is looking within the next couple days to iron out how it plans to resume games as early as july. Could be even earlier than that. They might want to Pay Attention to nascar as the blueprint for all of this. While people sort of poopoo what nascar was doing, ratings success of it are proof that people are eager for good sports entertainment. Maybe because they watch this guy so closely. Joey legano, if you ever watched him drive a race, he has no fear. Im in the left lane doing 45 miles an hour and this guy is doing eight times that. Off my math here, joey legano, happy to have you. Thanks for coming. Thank you. First off i hope youre not going 45 miles an hour in the left lane. That is a little bit [inaudible]. Neil guys like you breathing down my neck, get out of the way cavuto. I do mean what i say, watching you in action is a treat. Obviously it is a treat for viewers who are hungry for this sort of thing. Nascar proved if you do it right, take care of all precautions, i know that was important to you, they handled their part, you handle your part, where do you see this going now . I think, you hit the nail on the head. Opportunity sits in front of us right now through this crisis to be able to grow our sport, right . There are some people out there that are thirsty for competitive sports on tv. And, nascar took that, took the ball and ran with it. And figured out ways to get the whole industry together and find ways to do this safely, put in the right protocols, to where we can go back to racing and in a safe way and take advantage of the situation that is in front of us, when we see the results in ratings right now. Obviously it is very different when you go to the racetrack and there is no fans there but also at the same time were racing in front we ever raced in front of. This is a very interesting feel. Weve been knocking out races like crazy. Ran the cocacola 600 on sunday. Were back at it tomorrow in charlotte again. So we have been racing as much as possible, really been a lot on the race teams. But it has been worth it and really a great thing for our sport. Stuart yeah. You must have known there were millions of viewers watching at home, even though nobody in the stands. I asking other drivers, how do you feel about it, joey . Is it weird, youre racing around, you are focused on the track, i get it, it must be weird every time you pass the fans, hey, where is everyone . You know in our sport it is a little different obviously were inside of our race car. It is really loud, no matter what it is loud, fans or not. But the most, i guess weird part you want to say before the race, you walk out there, and there is no noise. There is not cheering, booing, all that, the fan energy they bring to any sporting event, it is not there we dont feel that but, like i said, you remind yourself this is huge deal. This is a huge crowd following us right now. We have so many diehard race fans waiting for to us get back, be the first out there. I was excited to get our shell pennzoil mustang out there and hopefully into victory lane soon. Neil was it weird, are there smaller numbers in the crew team that you work with . Seemed to me looking sometimes is that the same number of people they normally have or was that cut down as well . Well, so some of the protocals that were put into place is, we bring one car to the racetrack now. We dont have practice. We rarely have qualifying, which eliminates a bunch of people from the racetrack. Typically if there is practice you have to bring more people to prepare the car, to work on the car. In this case, everything is done back at the shop. So pretty much when we get to the racetrack, the car is unloaded. We go through Technical Inspection and the cars are gridded. That point youre what we call the road crew, mechanics that work on the car, not as many of them need to show up to the racetrack which brings a lot less people to the racetrack, you know, following the guidelines that our governments have put in place for us to go racing safely. You know, we bring pit crews in and still put on an amazing race, you didnt even notice it. It makes the preparation mean even more before you get to the racetrack because we dont have time to work on it. So you hope the car is good. You hope it handles the way it is supposed to. If not, youre making adjustments during the pit stops to get close. So it changed the way we prepared, just like everybody, our life changed completely different direction the way our job works at this point. It has been, i guess exciting to see to take the advantage of the opportunity here. Neil doing something right, two major wins this year, still early. People catch up here for nascar itself but my two teenage sons admire you greatly. I asked him what was so hot about you, he is just a phenomenal driver. I mentioned myself, and they just laughed. So im dealing with that, joey. Best of luck to you. Continued success. All right appreciate it. You guys have a good one. Stay safe. Neil all right, be good. He is impressive. Very calm under pressure too, unlike me in the left lane. We have a lot more coming up including the dow sprinting ahead 612 points on optimism a vaccine could be in the works. No fewer than Nine Companies very close to having one, maybe by end of this year. Im not kidding. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Its got all my favorite shows turn oright there. Boom, i wish my Trading Platform worked like that. Well have you tried thinkorswim . This is totally customizable, so you focus only on what you want. Okay, its got screeners and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. Neil is there danger opening up the economy too quickly . My next guest will talk to Edward Lawrence in just a second, you know there is just as much, if not bigger danger doing it too slowly. Edward lawrence, who is with James Bullard, Federal Reserve president of bank of st. Louis. Hey, edward. Reporter youve been talking about it all program. The economy is starting to open up. We saw that in missouri. We saw that in other states. 49 in fact opening up. I am talking with st. Louis Federal Reserve president James Bullard here. Jim, tell me, youve seen this open up . Is it too fast . Did we wait too long . What do we need to do next with the economy . Yes. On the idea of keeping the shutdown in place too long. I think there is a risk of that because while this has worked okay so far, this could only go on for 90 days to 120 days. You have interrupted Revenue Streams for businesses and, they cant, they cant go on too long. They can go on a little while but they cant go on too long. So i think what youre risking here, this morphs into a financial crisis makes it much worse. On the outside depression scenario which health care out comes as well as out comes would be terrible. So i think you know, you dont want to play with fire too much here. I think were past the initial shock of the pandemic and, now, we have to learn to adapt to the new risks that are out there. I think that is what exactly is happening to businesses. Theyre slowly reopening and experimenting with how they provide the products and services in a safe way. Reporter so did we wait too long . Are you seeing that liquidity crunch with those longterm problems . We heard filing for bankruptcy and other companies over the weekend. Yeah i think the, at least the chatter i heard that they were, they had trouble before the pandemic and i think when you have businesses like that, theyre going to obviously have a lot of trouble when we get into this kind of situation. That is maybe not surprising. There is a certain amount of churn that goes on in u. S. Businesses regardless of the situation, so, it is hard to separate the wheat from the chaff. I think stronger businesses are, will be able to survive 90 to 120 days. Then, they will be able to open up with a new Business Plan to handle the pandemic in the appropriate way. Reporter where do you see growth now and where is unemployment, when do the jobs come back . Growth right now is probably the worst it has ever been in, certainly postwar u. S. Macroeconomic history. A lot of wall street is predicting minus 40 for the annual rate for the Second Quarter. I often said the mean impact here will be in the Second Quarter and the Third Quarter, very likely Third Quarter, will likely be the best quarter of all time, logically, businesses will open back up. We need to keep in mind the shock is very different from what weve seen in the postwar era. You probably shouldnt be looking at all those past episodes to try to figure out what is going to happen this time. Tough think about this is a health shock, that we go through. We slowed down the economy in the Second Quarter. That we provided pandemic relief through the Unemployment Insurance program and other revenues and all that will come off, people will go back to work. But go back to work in different environment, different way than what they have previously used to. There is risk called covid19. Reporter so, jim, in the last 10 seconds when do we get back to record unemployment . Were at record unemployment now. Were going to go back starting in the second half of the year i think well be undouble digits by the end of the year. Reporter appreciate that. Thank you. St. Louis Federal Reserve president jump bullard. Appreciate your time. Neil, you heard it, we will see a big bounceback in the Third Quarter, toward end of the year. Good news as the economy now is hopefully opening up. Neil hope it pans out. Thank you very much. Want to thank jails bullard as well. Thank you edward. Very much. You are confused what the social distancing restrictions are in your state or city. You know there is a wearable for that. After this. We could never do what they do. But what we can do it be a partner that never quits. Verizon is the most Reliable Network in america. Built for interoperability and puts First Responders first, giving their calls priority, 24 7. We do what we do best so they can too. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Neil what if you could tell just by what someone is wearing whether it is a bracelet or even a pin, whether theyre covid19 resistant or they have just emerged from that, might have antibodies and theyre safe and sound . There actually is. C19 i. D. Project helps in this regard. How does this work, tyler. Everyone who hears about it is fascinated by it . Great to be here. Thank you, neil. Social distance guidelines are changing on a daily basis. I mean they vary from state to state, city to city, and as things open up it is really left us in a very awkward position with each other. Were afraid of each other. Is my shopping cart too close . Can i stop and chat . Can i hold the door. So we need a way to quickly communicate our social distancing preference. So we have launched. C19 i. D. Project, which is colorcoded bands and buttons, quickly say, red, im social distancing, im physically distancings, i need space, or green. I tested positive for the antibodies willing to socialize normally with other people who feel the same way. Neil so how would people even know what they mean . Obviously youre talking to me now. How are people aware of that . If i see someone with a green or red bracelet prior to talking to you, i wouldnt have any idea . This is up to us to create a language. For thousands of years weve been assigning meanings to sounds, symbols, and colors. And that is really what created our language and our vocabulary and sort of basis for our civilization, a lot of us get close in the first place. So we now just want to borrow basically what we use for traffic lights and apply it to this very confusing time we had. Neil so when people are wearing them, whether they go the red or green route, there are others i guess, it does, and people do understand it, if they see someone wearing green wouldnt they be more inclined to say, you know what, im still going to keep my distance here . How does it affect others behavior who dont have them . Sure. So i mean this is selfidentification. This is for us to feel more comfortable. We need some type of a way to organize ourselves. The same way traffic lights dont guarranty anything, they at least set our expectations. If youre wearing green, you are sending a message that you know, your anxiety about this is low. That you are approachable. If youre wearing red, youre sending a message saying i need my space. Once we let other people know how we want to be treated, then we can respect that. Once we respect that, i think that is where we start to recover. Neil it is interesting because you know, depending on the state and the locale we have the six foot distancing thing going in, does this encourage people, you can come closer or do you still honor whatever restrictions are in a given state or city . We need, we need to follow the rules and follow the law but this is going to evolve. We need a plan. We need to prepare for being normal again. The language can evolve just like anything with our circumstances. So, you know, weve, two months ago, nobody would be saying that we would all be Walking Around in masks. So people are taking this very seriously. What to do, how to behave. So if we have a plan for people how to ininteract with each other, how to respect each other, that can compliment what we do from a government standpoint with the social distancing laws and rules. Neil so someone could wear the red one just because theyre antisocial, right . You have got to police that too, i guess . Well, you can physically distance for whatever reason you want and maybe youre not ready to get close. A lot of people have some healing to do after these lockdowns. And this fear that has been, we needed to help flatten the curve but that is going to remain for a lot longer than necessary until we come together and create a plan on how were going to start respecting what each of us want. And, that, needs to come down to very simple symbols like green and yellow. Like green and red. Neil i get where youre coming from. Tyler, thank you very much. Tyler barnett. Well have more. Thank you, i hope this helps. You wouldnt accept an incomplete job from anyone else. So why accept it from your allergy pills . Flonase relieves your worst symptoms which most pills dont. Get allinone allergy relief for 24 hours, with flonase. Unlike ordinary whichwmemory supplementsr . Neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. Memory, focus, accuracy, learning, and concentration. Try neuriva for 30 days and see the difference. Neil all right. At the corner of wall and broad, erasing 660 points here and the comments we just heard out of the st. Louis fed president might have greased the skids for that. The Third Quarter will be a big rebound. Again, if you are looking quarter over quarter in a runup he said was likely going to be the best of all time, that sort of just added to the buying fuel here and it continues here. All 11 s p 500 sectors are up, the nasdaq is within about 2. 5 to 3 of alltime highs, the s p and dow, you know, they are only a few Percentage Points from alltime highs. Something to bear watching. And something that Lauren Simonetti is watching, whats driving all of this. Hey, lauren. Lauren hey, im calling it the memorial day weekend rally, because we got out and about this weekend and we want to continue to do that, especially as the weather gets nicer. Then you get news that a vaccine could be coming hopefully sooner than some might have imagined. That really juiced the gains you are seeing, at least ten plus vaccines are in human trial right now. The latest is novavax. Look at the shares, up 9 . They started a human trial yesterday. They hope to get those phase one results in july. And they expect to produce 100 million doses by the end of this year so they have already scaled up production. Merck is working on two vaccines plus a treatment. So theres your medical news for today. Also, this hope that you get a vaccine and you can eventually fully reopen the economy, that is sparking a rally in the cruise stocks today, up double digits across the board. Same with the airlines. If you take a look at southwest, ubs upgraded southwest to buy, also said its the best positioned carrier among the bunch. That can sto stock is up 11 ri. Heres the question. Is this premature optimism or is it because these sectors have been beaten down so badly. Look at this. This year, United Airlines down 57 . Norwegian cruise lines is down almost 73 . So bargain hunters can come in and say all right, this is a bargain and that might be what theyre saying today. We are also seeing a rotation, a rotation into the more economically sensitive sectors, whether thats energy, industrials or financials, they are putting in a nice performance today. They have been the most beaten up sectors this year, particularly the banks. Look, the banks could potentially be on the hook for so many bad loans, whether its an energy loan or from the Retail Sector or housing. But then weve got a report today that new home sales in the month of april unexpectedly rose by. 6 . So you could be seeing people sitting at home with time on their hands saying lets build a new home exactly as we want it in an area that might not be in a city that is hit by the coronavirus, and maybe has like a lot of office space because work from home is apparently the new trend. Thats what im doing. Thats what youre doing. I dont know if we like it but thats what were doing. Neil im in a nondescript cave, i dont know about you, young lady. Lauren simonetti, thank you very much. Jonathan hoenig with us, capitalist Pig Hedge Fund manager. Some of the battered issues are the ones storming back, airline, hospitality stocks, all the rest of it, Vacation Rental firms, even some reitz as are joining on that. What do you make of it . Its one of the best months in history but also some of the biggest [ inaudible ] in history. When you look at some of the big cap stocks that have been beaten down, casinos, even some big cap tech stocks, you dont really have a good sense of can you trust these moves. For awhile it was big cap tech which was leading the charge. A lot of them have come back even to exceed the precoronavirus levels. Where we go from here, its just tremendous uncertainty. I think a lot of the reason why is specifically because of all that stimulus we have talked about. Government is in position of buying junk bonds. We have never seen that before in the economy. Lots of crosswinds but for the moment, the bulls are back because people are saying they would rather bet on amazon and tesla and netflix, or rather lend money to government at 1 for the next 30 years. Difficult time to be an investor but a lot of opportunity as well. Neil you know, a lot of this was built in overnight trading and even european trading, this notion that a vaccine is inevitable and no fewer than nine, Ten Companies are working with themselves, with others, with governments, that someone is going to win this race sooner rather than later and it will benefit everybody. What are your thoughts on that . I have always said, we s ghave gotten into this, whatever you think of the stimulus around the virus, what matters more is containing and beating the virus. You do that, you are off to the races in more ways than one. Interestingly, the strongest sector of stocks this year by far has been biotechnology stocks. Some of which lauren and others on the network have mentioned, specifically focusing on coronavirus, but just writ large, the Biotech Sector has been on fire so investors are finding some bargains here after many, many months and interestingly, oftentimes biotech is an area that isnt even governed me eed necessarile major indices, its oftentimes governed by regulation. We have seen a less active fda and have seen more and more drugs coming to market even during the coronavirus. I think it bodes well for this sector. There is an opportunity to make money out there. Youre right, the company or companies that come up with the magic formula here, they are going to continue to do very well. Neil jonathan hoenig, thank you very very much. I want to go to susan li with a flip argument here and that is what happens in hong kong that might not stay in hong kong. That could rain on this parade here. We shall see. Certainly not happening today. But we are waiting for the white house response on all this, right . Susan i think everybody, the whole world, hong kong, china is waiting for the white house response. Over the weekend, we heard from the Chinese Foreign minister who says the u. S. And china are on the brink, the brink of a cold war over coronavirus, but also over what he calls political Foreign Forces that are continuing to support this ongoing prodemocracy movement in hong kong. We are expecting tens of thousands once again to protest outside the hong kong legislative buildings on wednesday, and this follows on from froeprotests that took pla over the weekend and these familiar scenes once again of tear gas, Water Cannons and hundreds being arrested. What are they protesting . They are protesting the National Security law which would enable beijing to Pass Security laws without hong kongs input, and then put Chinese Security forces on the streets of hong kong in order to enforce it. Many see this as a severe infringement of the 1997sinobritish treaty which mandated that hong kong be handed back to china. We spoke to jimmy lai and he says things are going to only get worse from here. People have two choices. Either emigrate or to stay and fight. Im going to stay and fight. So those who want to leave, should leave fwaubecause its becoming very dangerous. Susan politicians from 23 countries have denounced beijings new security law. We also have a Bipartisan Senate bill right now thats being considered that would actually help sanction chinese officials, corporate entities and banks that try to enforce this new National Security law. Meantime, as you mentioned, the white house is weighing whether or not to enact and use parts of that hong kong democracy and human rights act that was signed by President Trump last year and that would force, by the way, this law requires beijing to prove hong kong is actually independent of the mainland or the white house and the administration can revoke some of the trade policies they currently extend to hong kong. But jimmy lai also, by the way, says the fate of hong kong is in the hands of President Trump. Neil . Neil you have lived in the region. You know the region. If china were to really slap down on hong kong, its killing its own golden goose, isnt it . Susan it is. I was looking at the numbers this weekend, because back during the handover in 1997, hong kong represented about 20 of the chinese mainland economy. Today, only 3 . But if you think bit, shanghai has grown so much and that was part of the plan to enable a big Financial Center like shanghai to grow more international, to eventually replace hong kong. However, if you talk to International Investors right now, they still prefer hong kong because it still has a rule of law, a judicial system and free press outside of china. Lets hope that continues. Neil i didnt know that. Talk about a shrinking asset to china. That explains their behavior. Susan li, always great reporting. Thank you very much. I want to get the read on all this from democratic senator chris van holland, the beautiful state of maryland. Good to be with you, neil. Neil we are waiting to hear what the white house response might be, some sort of economic sanctions, that seems to be the betting, more sweeping than weve had. Im wondering what you think about what our response should be, if any. What do you think . Well, of course, we are waiting the decision of secretary pompeo and the Trump Administration on the question of essentially, you know, decertifying hong kong. That is the decision they will have to make. Of course, china has not yet passed its National Security law. This is why i teamed up with senator toomey of pennsylvania with a bipartisan bill to really focus on Holding Accountable those who would be violating chinas commitments to the autonomy of hong kong. We intend to push hard for a vote on this, when we get back into session, and i think its very important that in the process of punishing china for any kind of decision, we not inadvertently hurt the same people in hong kong that we want to help. So senator toomey and i are focused on Holding Accountable those officials who would be responsible for violating their international commitments. Neil senator, you ever get the thought that maybe the chinese have carefully weighed the global outcry and maybe our correspondent susan li was reporting the fact hong kong plays less and less of an economic role in the overall countrys wealth, that they can go ahead and crack down, and the worst were going to do is delist some companies or target some trade deals, so be it. What do you think . Well, neil, that may be their calculation but as the reporter indicated, hong kong still plays a significant role, maybe diminishing role, but significant role in chinese economic output and trade, and i think if it moves forward, it will take a very serious political black eye in the International Community and our goal is to make this more than a symbolic black eye. It is to sanction those individuals responsible for the decision and importantly, this is a major part of our bill, the banks that they do business with. So the banks that are complicit in supporting those individuals who are violating chinese chinas commitments would be held accountable under this legislation. So i dont think we really have the choice of just sitting back and saying were going to allow china to violate these agreements with impunityimpunit. It may be chinas calculation but i dont think its in their interest, and you know, theres a lot of talk about a renewed cold war. I dont think its in our interest or chinas interest to embark down that path. Neil do you think, though, that given the fact the chinese are being ostracized by pretty much everybody, even the australians who heavily depend on china, going tit for tat every which way with them, and that they are almost like a wounded animal here and they kind of are striking out, feeling they have nothing to lose . Well, thats possible, although they still have Enormous Economic influence around the world. Lots of countries and businesses are still doing a lot of business with china and chinese companies. So you know, they may be wounded a little because of the International Backlash to their silence in the early days of the coronavirus outbreak, but lets be clear, they still wield an enormous amount of economic influence around the world and we need to stand up and hold them accountable when they take these kinds of actions. If we dont, it may further embolden them. Now, as you say, they may choose to do so anyway but we need to make it clear there is a price to pay. Neil you know, your measured and bipartisan approach with senator toomey might be the ticket. We will watch it very closely, senator. Good health to you and your constituents, your family. Be well. And to you, too, neil. Thanks. Neil thank you. Senator chris van hollen. We are learning that apple is indeed going to open up 100 stores in the u. S. , many with curbside pickup. This continues a trend where apple has said we are open for business, maybe not exactly business as usual, but business. Wall street likes it. The cstock is up. Meet jim. For jim, comfort is king. Which is why when it comes to his dentures only new poligrip cushion and comfort will do. The first and only formula with adaptagrip cushioning technology. Choose new poligrip cushion and comfort. 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. Staying connected your way youre just a tap away from personalized support on xfinity. Com. Get faster internet speeds with a click. Order xfi pods to your home in a snap. Or change your Xfinity Services with just a touch. All in one place. Youre only seconds away from all of that on xfinity. Com. Faster than a call. Easy as a tap. Now thats simple, easy, awesome. These are not black and white questions. Are you for worshipping or are you against worshipping. Thats not the question. I personally would like to do that as someone who goes to church, so this is a question of doing it responsibly and doing it at the right time. Neil all right. Thats new jersey governor phil murphys way of saying to the president you might order churches being reopened, but governors get the final say and we dont think right now is the time to do that. Joe piscopo joins us now, the former snl cast member, got a hit radio show that gets more popular by the minute. Joe, what the governor is saying is were not ready yet, keep the social distancing measures and all the rest, but were not ready yet. When will we be . Were ready now. Neil, you know, im an italian catholic. Im a church going godfearing italian catholic. Come on. Get us to church. You can go to Big Box Stores with people all over . I went to the supermarket the other day, put my haz mat suit on and its also crowded. We can do this. Hes not allowing us to worship. Neil you know, i guess what he is saying is that this is obvious, i think a lot of churches are prepared for this anyway, as are mosques and synagogues, we know what the distancing rules are and we will practice them so whats the hangup. Thats exactly right. We had will go in and matter of fact, im a germophobe and i dont like when people touch me in church, you know, peace of the lord be with you, please dont touch me, you know. And if theres a little less singing in church, fine with me. If we got to wear masks, gloves, maybe no communion, maybe no communion, Something Like that, you could get this done. Im italian. The communities are upset in new jersey. By the way, phil murphy, great guy, but hes got to listen to the people, man. Its time to go back. I just talked to some folks the other day, our church, my priest called me, he was so upset, you goes you can go to a bar or liquor store and you cant go to church. They are not very happy. Neil you dont like people singing in church . We dont have a voice as good as yours, someone who can do Frank Sinatra. God forbid. God forbid. You know, you know, a Frank Sinatra version of our father, i can live with that. Neil yeah, right. But you know, i dont mind, listen, im going to get in trouble for doing this. If you sing seven verses of a song, ever see them sing in church where their eyes are looking up . Theyre not looking up to god. Theyre saying another verse, were singing a song like this . Neil its going to happen. I just wonder what is the right time, right . First of all, when you come here, you always break news, the fact you are a church goer, is a fox alert right there. Let me ask you im kidding, im kidding. You are a man of deep faith. But do you think that the church can police itself, that synagogues, they can police themselves, same with mosques, because it could get really tricky if local constables or police barge in and count. Thats a whole other problem. I know. I feel so bad for law enforcement, because they dont want to do this. They are mandated. They are mandated. The churches are going to be responsible. They really, really are. Because you figure, is your question are people walking in going like look, ive got this divine intervention, im not going to catch the disease. Its not like that. We would be very very careful. And its just our question, i say it objectively, neil, my dear friend, i say it objectively. If you are going to open up liquor stores, if you are going to open up again, the Grocery Stores, you should see how crowded it is. People are going all over i wont go there because its too crowded. Church, you can dictate it much easier because all the priest has to say, all the rabbi has to say is okay, everybody separate a little bit, its great. And im glad because i encourage doing that as part of the mass. If youre not catholic, they always go peace and love be with you. Lets extend the sign of peace and people always go peace be with you. Maybe if we stop that neil we have to get different times. These are different times. Im wondering, what do you think, when are we all back to regular life . I dont think its any time soon. It certainly wont be business as usual. Obviously your listeners, they hear the backandforth on this. What do they think . You know, again, conduit of the people. Thank you. By the way, thanks for, you know, if you are watching neil on fox business, i steal all of neils guests on my radio show. Its great. I really appreciate it. Gordon chang, best guest ever. Thank you. I met him at the neil cavuto show. It was great. The listeners neil joe, is this your office at home we are looking at . Its beautiful. It is. It is. You will see my relatives who came here from italy. You know italy, its that place over in europe, maybe some of your people came from, mr. Cavuto, right there. Please, please, you know, my listeners have had it. They have had it. They just want to get back to work. Can i plug a couple things before we go . Can i do that . Is that okay . Neil please. Please. Retro fitness. We opened Retro Fitness in flemington, new jersey, my partner saes atacy and i. Shes the brains, not me. I listen to charles payne, your buddy charles payne. I listen to you, neil, on what stocks to buy. We made the move to buy some gyms. It was in flemington. We have done that for a year. We just purchased in pennsylvania. Governor wolf is not letting us move. We spent thousands of dollars cleaning it up. I have the masks. They advertise on the piscopo show. We are giving away 40,000 masks to the Veterans Administration in new york. We are locked and loaded, spending the money. We want to work, we are frustrated. The governors got to i dont know whats in their mind. They are being paid. The politicians are being paid. Most of the folks out there are not being paid. They dont have pension or welfare. The 401 k is not being, you know, serviced. So its time to get back. We are all ready to do it safely. So thanks for letting us get the word out but you know, its time to move. Now is the time. Not tomorrow. Right now. Neil you say thanks for getting the word out. I had no idea you would be promoting your gyms on this show. I didnt know you were so wealthy to have several of them. You are getting it done, young man. Keep it up. Those italian relatives in those pictures would be very proud. Look at joe. Hes a big old success. I know. You know, all the problems in china, the communist, you send two italian guys from jersey in a buick, its over. You know that. Neil done. I am very proud of you. I knew you when. Look ought nat you now. You are way, way bigger than snl days. By the way, those guys are doing their whole shows in their living room. Stop, already. Great job. I know. Love you, neil. Neil youre the best. Let me know when you make that run for governor, senator, whatever you want. Believe me, quite seriously, they make pitches for him to run because he would get a lot of votes. More after this. Limu emu doug [ siren ] give me your hand i can save you. Lots of money with Liberty Mutual we customize your Car Insurance so you only pay for what you need only pay for what you need. Liberty. Liberty. Liberty. Liberty. Or is it . What if business as usual means putting people first. 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Now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Neil you know, there are restaurants that are staying open and delivering to your apartment or home but they really would prefer you call them up exclusively for that delivery, not rely on any outside outfit like grub hub to do it because they lose a lot of money doing that. Kristina partsinevelos is following that phenomenon right now. Kristina . Kristina neil, you have heard a lot of restaurants had to use delivery apps to continue serving customers throughout the pandemic. The problem is for many of them, their margins are razorthin so now the restaurants are starting to rebel against those fees charged by delivery companies. Take, for example, grub hub. They have a fee for service model. You can opt in. We take a look at this taco bill example we set up for your show, you can see additional fees for marketing, payment processing, delivery and that could add up to about 30 on top of every single bill. Even though the app does help restaurants reach new customers, and profit payments, it costs a lot. Listen in. Five years ago we started at 12. 5 . That was our initial commission they were taking. Now were at 26 and cannot lower it. If we do lower it, we are not going to get any orders. Kristina the more you pay, the higher up in the app that you are, much like google so if you pay very little for marketing, you will be on page 12. We knew that some cities are siding with restaurants and providing delivery caps temporarily. Here in new york city, its going to be 20 . Seattle as well as washington, d. C. , they capped the fees at 15 . Grub hub, which operates seamless as well as door dash, opposes the fees and says local officials are overreaching and i quote, any cap on fees regardless of the duration will result in damaging unintended consequences for locally owned businesses, delivery workers, diners and the local economy. Despite this surge in online food orders, grub hub as well as uber eats arent turning a profit but theres a lot of talk right now because both companies are in the process of negotiating a merger. That means uber would take over grub hub. Uber would then have at least 50 market share of all of the Delivery Market share, i should say, with some saying up to 90 which is why you have Restaurant Owners like pita and sticks right behind me, they have provided printed out colorful notes in each bag encouraging customers to go through their website or to call and order the oldfashioned way instead of using the app because margins have been so squeezed. Back to you. Neil is that an Ice Cream Truck near you . I just hear the music. Kristina its been going on this entire time. Yes. You are correct. Neil is that right . Im wired for Ice Cream Trucks. Thats why i hear it like pavlopavlov ish pavlo pavlovian response. Ice cream, ice cream. You are too thin to even show interest. Thank you very very much. I heard that. Kristina thanks, neil. Neil Charlie Gasparino likes ice cream as well but he also likes sports so he puts aside baseball and the focus is on that. Charlie theres nothing like a cone at a yankees game. We might be getting them soon. Heres what we know. My sources among the mlb owners are telling me they are expecting imminently another plan from the mlb commissioners office, rob manfreds office to pay the salaries of the players. The players gave the Cold Shoulder to the 50 50 revenue split, theres not going to be fans in the stadium, there will be a lot of social distancing with other people in the stadium, there will be games and owners will take a big hit on the fact theres no fans in the stadium so the initial claim was a 50 50 revenue split. The players balked, saying this is too much like a revenue cap excuse me, salary cap, which is something they fought against for years. The notion their salaries are capped at some level. Now we are going to go back to plan b and from what we understand, whatever plan comes out today and from what i understand, it is imminent, its going to look like look less like a salary cap. Lets just be real clear. The mlb owners dont have any money here. I mean, they may have some personal wealth by the way, lot of them have side businesses that arent doing very well. How do they come up with the cash to pay the players. Its going its going to have to be something along the lines of whats already proposed with some tweaks, is what im told. Anyway, the plan is not out yet. We expected it out around 1 00. Theres an owners meeting, what i understand, at 1 00, but from what i understand, the plan has not been presented yet. It may be presented as im doing this report right now but its not out there yet. Again, if it does get approved, theres a lot of optimism something will be approved as long as it doesnt look like a salary cap plan. Youre thinking it will imminently be preseason starts and it looks like we get Major League Baseball by july 4th. Back to you. Enjoy your mr. Softee. Neil let me ask you about the baseball thing. Say you end up playing 20 fewer games. Wouldnt the baseball owners say all right, then i can cut all the players salaries by 20 , the great ones and not so great ones . Is that what theyre talking about . I can imagine the players reaction to that. Whats the drill . Charlie well, lets just put it in somewhat context. Football will begin, football makes a lot less revenues or almost, you know, they make most of their revenues from tv rights and other rights. They can play without fans in the stadium. Baseball is different. Baseball, you know, those 10 hot dogs pay a lot of money, multiplied by thousands and thousands of fans. And the tickets. So they need their Business Model is heavily dependent on fans in the stadium but we wont have fans in the stadium so the initial plan was just a 50 50, we cut we take 50 of the revenues after expenses, you players take it and divide it up however you want, prorate it based on salaries and we go from there. The players said that looks like a salary cap. Im not an expert in the intricacies of baseball but thats something the players are their salaries are somehow capped at some level based on fan attendance. They believe they should be paid on their talent and in this case, risk. They believe they are taking some risk going out there. Whatever plan comes out of this thing, again, it could be imminent, it has to look a lot less like a salary cap plan than the first one did. If you get that, just based on the people im speaking to, and these are senior people, they think theres going to be a season. That would probably be a good thing. To be watching baseball every day again. Neil got it. Bocce ball has none of these problems. I want to point that out. Charlie gasparino, best in the business when it comes to business. All right. Thank you very very much. We leave it now with the dow up about 667 points. All 11 s p 500 sectors are soaring, even the hospitality arena, airline arena. 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We talked to joe piscopo in new jersey about how new jersey will handle social distancing at churches and mosques, synagogues, that sort of thing. I want to get the read from darrell issa, former california congressman running for congress again. He has been looking into californias rules on this and i guess, congressman, they are a little sketchy. What is the state looking at, what has you the most concerned . Well, a few weeks ago, in the Congressional District 25, now mike garcia is the new congressman, the governor announced it was going to be all mailin ballots. Then the last minute began adding polling places right in the middle of the pandemic and moved them around, they werent even in the district in some cases. So what we want is some certainty and california election law gives us certainty but the governor has violated california election law and so Pacific Legal foundation on behalf of many of us filed a suit forcing him to basically explain why hes doing something that isnt his job, its the secretary of states job and legislatures job, which is to give certainty to the absentee ballot situation for all of the voters. Neil all right. So let me get one issue straight. On the church thing, he has a little more wiggle room than he does on the mailin ballot thing, yet its the mailin ballot thing thats got the president upset when other states, you know, illinois and a host of others, have looked at making that a statewide take it or leave it option. Whats the option in california . Well, under the law in california, anyone can ask for a mailin ballot and 75 of our voters do get a mailin ballot. But what the governor decided to do by executive fiat in direct violation of a law recently passed by the legislature was to say that whether you want one or not, you are going to get one and not even commit whether there would also be polling places. You can imagine people who didnt want one, College Students who arent in their dorms, these show up and then of course, that disenfranchises their ability to vote wherever they are actually living. So all we are really saying is if you want to have 100 of that type of voting, have a process that ensures that people get the ballots where they are living and so on. Theres a process to do it. Its not handled by the governor. Its handled by the secretary of state. And the registrar of voters. We have asked them to do their job, which they are perfectly capable of doing because we want everyone who wants to vote, who is allowed to vote, to please vote. Neil all right. Congressman, just a reminder, we tried for Governor Newsom. Hope springs eternal that he will come on. Congressman, much appreciate it. Meantime, we tell you about states that are now allowing elective surgery. Thats a big deal because it syste sometimes may seem theres no big deal but if you need to have a stent put in, you are going to go through bypass surgery, some states, that has been deemed elective surgery. Its lifeanddeath crucial surgery. What new york is thinking, after this. music there are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Neil so what do you think elective surgery is . Whatever your concept of it, very few hospitals across the country, certainly a few weeks ago, were doing it. Now they are but we have come to discover that can be pretty important lifeanddeath stuff. We are joined from mt. Sinai, new york, with a read on how that is opening up for folks. Reporter so you are exactly right, when we talk about elective, we are not talking about nose jobs and plastic surgery, anything like that. We are talking about urgent procedures like as you mentioned, a heart stent or tumor biopsy being done for someone who might want to know if they have cancer. These are urgent procedures that were put off for a few weeks that now must happen. When you go into a hospital now to get these procedures done, its going to look very different. 30 states now across the country are allowing elective surgeries in some of their regions and that includes upstate new york. St. Joseph hospital in syracuse, for example, restarted their outpatient elective surgeries earlier this month. The hospital had a backlog of about 1100 procedures. It prioritized 300 of the most critical. Every surgery candidate there has to be tested for coronavirus three days before that procedure and then they must selfquarantine until they have the surgery. The hospital has also added a separate entrance for these patients, with a separate staff so theres no intermingling. It got off to a really good start with no cancellations or complications. Meantime, going to the emergency room, say you have a broken bone, thats going to look very different, too, from now on. At nyu langone in new york city, everyone will have to wear a mask. Patients will be sorted and taken back quickly. If there is a wait in the e. R. , lets say, staff will keep you six feet apart. Every patient thats admitted will be tested for coronavirus and not all visitors will be welcomed. I dont think that well get back to the way it was before. I do think that you will start to see visitors over a period of time allowed back in in key situations, in crucial situations. Reporter the medical society of the state of new york is offering guidance to these hospitals in how to reopen and they say on top of all of these changes in protocol, hospitals also have to reserve a surge capacity, that means you know, space for Covid Patients, beds for Covid Patients, in case we see a second outbreak. Neil . Neil so much of that, i had no idea. Thank you. Great report, as always. We are also following the phenomenon that is known as instacart. You might be familiar with this sameday grocery delivery service. You might not be familiar with those who can utilize the service and make a ton of money doing so. My next guest, 3,000 using instacart just since april. An instacart shopper, but you are more than that. How did you pull this off . Hi. So i began instacarting towards the end of march and im located in south jersey at the moment. I started instacarting to help people in the community and to earn extra money, and it really has helped me. Neil so in other words, you will go and use the service as an app that, you know, you can order groceries on behalf of those, obviously you built something from that and started doing this. Thats physically intensive, though. Thats a lot of shopping. Yeah, it has been a lot of shopping, but thankfully, i have been taught how to grocery shop very well and im able to maneuver around the Grocery Stores in this area and im so fortunate that people inside help me, the managers of Grocery Stores help me and its very very beneficial for me. Neil all right. But you really got to move fast, right . You have the social distancing provisions and other things that can make that much more complicated but it could also probably build up business for you, a lot of people that dont want to do that give you a call, right . Oh, yes. I do have a few private clients that like for me to pick up their groceries and i love doing it for them. They are good friends of mine so i always give them a friends and family discount. But going to the Grocery Store and helping people is very beneficial thing for me to do and im always in and out. I probably spend about maybe 20 minutes doing one order and then ill deliver it. That takes me ten minutes, then i will be done. Normally, each order i pick up is about 30 to 40. Neil all right. So a little more than a month, you have made 3,000 doing this. Thats not too shabby. Yes. I have made over 3,000 and very fortunate. Again, this area is a great area to work for instacart in. The community and its everyone involved. Neil amazing. I would make it easy for you. I would just have you to go to processed meats and cheeses, scoop up everything you can, get it to my house. We should talk about that. But fascinating. You are really very industrious. You give people ideas. Good luck with it. Thank you very much. Neil a shopper who knows exactly what shes doing. Stick around. More after this. N is the most Reliable Network in america. Built for interoperability and puts First Responders first, giving their calls priority, 24 7. We do what we do best so they can too. Why accept it frompt an incompyour allergy pills . E else. Flonase sensimist. Nothing stronger. Nothing gentler. Nothing lasts longer. Flonase sensimist. 24 hour nondrowsy allergy relief. Neil first launch from u. S. Soil in 10 years. Well talk to the nasa administrated tore. Importance of that mission combining private enterprise with nasa. Right now here is charles payne. Hey, charles. Charles hey, neil. How are you doing, buddy . Welcome to making money, folks. Big market rally on our hands right now. Combination of things. More importantly did you see images over the weekend . Wall street excited what theyre seeing right now in this economy. On top of that more good news on vaccines. Then there is this. Does this create a dilemma for the Republican Party as some parts of this country must feel they get more help. One lawmaker a republican lawmaker suggesting maybe we pay people to go back to work . Then there is the new cold war. Now the fight between china and United States