Transcripts For FBC After The Bell 20240713 : vimarsana.com

We had major swings top to bottom but not that high at the end. Plenty of developments to cover on news front with fox Business Team coverage. Reporters all over the place. Ashley webster with the markets here in new york. Edward lawrence covering things on capitol hill. Blake, we start with you with the latest from the white house. Reporter treasury secretary Steve Mnuchin told Maria Bartiromo this morning that the administration would like to see 1000 deposited into the Bank Accounts of adult americans. 500 for the children as well on top of that. As part of a trillion dollar stimulus package that the administration is negotiating up on capitol hill. Vice president chief of staff told us this afternoon, they believe that package could make its way to the president s signature next week. Earlier today during the president s Daily Briefing as it has become, he was asked if the trillion dollars was sufficient . Well know about that later on. Well see what happens. It depend how long, so much depends on what is going on in this room in terms much the medical. If we can stop it in its tracks, the virus, its plenty. If we cant, well have to go back and talk. Reporter President Trump this afternoon also spoke with the nations governors during his visit to femas National Response coordination center. Wisconsin governors asked the hospitality workers to be involved in any relief package which the president supported. During exchange with michigans governor, the president opened up possibility much automakers receiving government help. Conversations happen around industry. We will keep this important sector front and center. Youre right 100 . Were watching auto sector very much were helping them at least a little bit. We have requested some help. It wasnt their fault what happened. Well take care of the auto industry. Reporter over at the state department they are warning mention against international travel. This is the updated guidance from foggy bottom saying quote, u. S. Citizens who lynch in the United States should arrange for immediate return to the United States unless they are prepared to remain abroad for an indefinite period. It goes on to say u. S. Citizens who remain abroad should aroad all international travel. Connell . Connell all right, blake. Ashley webster on the markets. Quick word on the floor of the New York Stock Exchange. It was on this show yesterday where the news broke that the floor will be closing as of monday but trading will continue electronically. Yes. Connell there is a look at the floor now. A few people still on it. Still milling. Connell Milling Around today and tomorrow and thats it. Thats it. Connell keep that in mind. Plenty of trading to talk about. By the way, quickly before i get into todays action, monday First Time Ever in the history of New York Stock Exchange that the floor is closed but electronic trading goes on. There is a little fact for you at the next cocktail party. Lets get to markets themselves. Threeyear low yesterday on the dow. We started off not in great shape. Down almost two or 3 . The dow up 189 points. The s p and nasdaq in particular. Nasdaq up more than 2 , thanks to a turnaround in big tech stocks. That helped and also the Energy Sector. Well get to that in a minute but i want to look at some really beat you know up sectors. Lets begin with airlines. Reports that generally throughout the Airline Industry the planes are flying are just 10 to 20 full and that number is going down by the way. It is estimated that the airlines are burning through, remarkably, 10 to 12 billion of cash per month. We know there could be a loan, bailout, whatever you want to call it of 50 billion, but that graphic there of airlines today says it all, down again. Kind of a quick look at financials. They had a turnaround today. A lot of talk of help from Central Banks and government, fiscal, monetary poll, supposed to help banks ease liquidity issues. Were seeing some return back up on the bank shares but not really making up for a huge drop weve seen. Want to get into oil, that Energy Sector up, 14 of crude, up to 25 bucks. 37 cents a share. That by the way is the biggest percentage gain, daily percentage gain ever. You know what . On the other side of the equation, oil dropped yesterday 24 . So were back to where we were on tuesday. Still worst month that is for oil. You know the problem, connell and melissa, we know no matter what the oil patch does, the demand right now for oil just isnt there. Connell right and wont be for some time. Exactly. Connell thank you, ashley webster. Our panel, gary b. Smith from kadena group, fox business contributor, paul after after very sawn know like some people working from his office. The day we saw today, compared to what we saw yesterday where the seem was if it is not nailed down im selling i need to raise cash. Any differences in sentiment youre picking up in the market today . Not necessarily. You know, i think, i dont understand quite frankly why people react in such a shortterm, you know, viewpoint. You have to take a longterm view here. One thing i would say to the viewers you know, at this point this is a bad situation but i wouldnt panic. I would take a longterm view. As bad as it is, as bad as it may get, again we dont know, what is important to fully understand is that hopefully unlike say 2008 financial crisis this will be relatively shortlived event. Were hopefully talking months, not years. That is one thing people should keep in mind. Maybe seeing a little bit of positivity in the markets today. This is both a Public Health crisis and an economic crisis. I think viewers should, you know, expect the worse but also expect that the government is going to do everything in its power, seems to be doing that, governments around the world to help mitigate impact. Connell well talk more about that in just a second, gary. They may do it in future. It is a question of how quickly thats coming, government help, maybe how it is structured. How does it help from investment point of view, in terms of your out look and how you plan for things if at all . Tell you what, i cant be as optimistic as paul is because ive never been through this. I lived through 87, i wasnt trading you but lived through much everything else. No one here or anyone on this panel lived through a economic lockdown, if you will. Maybe world war ii is our closest equivalent but even then , already, you couldnt buy robber things, autos. You were out, seeing movies around stuff like that. Now everyone just not spending. Connell i know. My other concern is, when they say, you know, theyre going to send everyone 1000, you know, what is the thousand dollars . Thats you know, maybe, for the average median income, maybe it is just a couple weeks of salvation . Its really nothing. Even one trillion dollars that were talking about on a 20 trilliondollar economy, not going to buy us enough time. I would like to be optimistic, getting back to your point, when we get to maybe, im looking at dow 15,000 maybe . I mean that would be kind of where we had the breakout back in like the 80s. I just, i have never lived through this. So im in cash right now. Im with paul, dont panic. Of course that is not going to help. I dont see the connell youre not putting money back to work. No, not yet. Connell let me get to the point how it is all structured in washington. Melissa. Melissa get over to Edward Lawrence at capitol hill with the congressional response to the coronavirus. Ed . Reporter yeah, melissa this bill is moving through lightning speed in congress as fast as that could go. Senate Majority Leader Mitch Mcconnell said they will be here as long as it takes to get the bill done. He is hoping to have the language later on this afternoon to start negotiating with democrats on this. This is more direct than phase two. Direct payments to the american people. Blake mentioned 1000. Treasury secretary wanted for each adult. Source familiar with the negotiations, 1200 in two checks for each adult. 500 for kids. My colleague hillary vaughn, for people making under 75,000 or less. In between 75,000 and 95,000, those would not be eligible. No tangled washington process with thousand cooks in the kitchen, no forms for laid off workers or busy families to fill out, money for people, from the middle class on down period. Reporter phase three stimulus would include low interest government guaranteed backed loans for Small Businesses. Grant money to Small Businesses to be used to pay only employees rent or mortgages. That is designed to keep them going, keep them going under or laying off workers. The package will have a bailout for Certain Industries would include only loans. If we go to the airlines we need to help save them, there is no question about it. One could argue that is not market forces. Were in an extraordinary time but to own the airlines is a mistake in my view. Lets be sure the loans are collateralized. They should be collateralized by assets air have. Reporter the bill makes sure hospitals are funded fully and medical centers have supplies they need. Treasury secretary very involved with senators trying to negotiate this back and forth to make sure something the administration wants. Melissa . Melissa edward, thank you. Connell coronavirus pandemic really only increased america around really the worlds dependence on amazon to get everyday goods. A warehouse worker though did test positive here in new york last night for the virus. Susan li joins us with more on all that. Susan . Susan first known case in Fulfillment Center for amazon. Five employees over on the european sign tested positive for covid19 as well. As you mentioned this Amazon Warehouse worker is from the queens district, delivery station out there in new york. Apparently amazon telling us they are receiving medical attention. If you bring up the statement, say we are supporting this individual who is now in quarantine in addition to enhanced daily deep cleaning. We closed the queens delivery station for additional sanitation and sent Associates Home with full pay. This is the first warehouse worker confirmed but in the seattle headquarters amazon confirmed that one of it employees tested positive for coronavirus. They are advising the employees to stay home through end of march. This only applies to the corporate offices. As you mentioned looks like business is booming at amazon with people being quarantined, saying home, they are ordering online instead. Amazon is hiring 100,000 extra warehouse fulfillment delivery workers, paying extra 2 an hour on top of the 15dollar minimum wage. The stock has outperformed in the last month compared to the other technology counterparts. Speaking of technology, i want to highlight uber for you today. Up 30 . It was trading this stock went out in its ipo at 45 a piece. We heard the uber ceo, dara assuring we have cash on hand. Ride segment, 60 to 70 decline since people were told not to travel. According to my reporting he says we have ample liquidity and ways to control costs and rides will rise once coronavirus passes. Connell susan li for us. Melissa gary and paul are back. Gary, im a little too nervous to go with you after that last answer. I will start with paul. I dont blame you. Melissa so, amazon workers, i mean, this is an interesting case. You look at amazons fortunes could go anyway on one hand. I cant even get a delivery from their grocery service, like everybody has hammered amazon. What you need right now. You need, you will order at home from amazon. At the same time you could have something happen like, you know, one much their workers as they said tested positive. Then we have no idea where this virus is going. They could tell us tomorrow it would be transmitted x, y, z, way, all of sudden thought it was safe to get stuff from amazon. Im not saying that hasnt happened but we keep learning every day that there is so much we dont know about the virus. What do you think about amazon given all of that . I like it. I think susan sums it up. Melissa gary, were not letting you talk. Im kidding. Paul, go first. Then well let you talk. Paul, go ahead. Im optimistic. Melissa thats why youre going first. Somebody should be designated to big to fail in this environment, that should be amazon. If your family is anything like mine, we rely, continue to rely heavily on amazon. I agree some delivery issues have been frustrating. What is concerning as you look at supply chain, delivery operation amazon has, right now it seems that, most of the cardboard packaging that the coronavirus can live up to 24 hours on that packaging. So you know, it is concerning that it could be spreading. I think, you know, i read people that leave the amazon packages on their doorstep for 24 hours before bringing them in the house or open packages outside. Were not doing that we probably should. Melissa i guess you probably dont lick the box either. Gary, you have to get it as far as we know for now on water droplet. Go ahead. Yeah. Just dont use the prime delivery. Get the normal amazon delivery. By then the coronavirus should be gone. Im with paul on this one though. I guess the kind of paraphrasing what susan said, the good trade would be to be long amazon and short, you know the qqq if you will. You got to think, amazons going to outperform the rest of the nasdaq. Pauls exactly right, if we cant rely on amazon at this point melissa fold it up. Go to the moon or something. Yeah. We just all shut in and shut everything down. Do like amazon. Melissa guys, thank you. Connell. Connell nobody get as trip to the moon. Look at numbers, more than 236,000 cases worldwide where we stand. 10,700 right here in the u. S. Were trying to keep you updated with perspective for the rest of the globe and curve and all that. Italy the country with most cases outside of china. No sign after flattening of the curve unfortunately. U. S. Still growing exponentially as well. Cases did surpass south korea which managed to flatten its curve the last couple weeks. In terms after daily change, cases in china up by just. 06 from yesterday. So, there is really hardly any growth at all in china. Italy still going up 13 in a day. The u. S. Exploding, we knew this with the testing. 65 in cases just since yesterday whereas south korea, which we mentioned at the low end there, showing you what increase in cases looks like, when you do have a socalled flattened curve. Melissa plus ramping upwrought up protocols across the nation. New york testing 7500 people a day. Officials still sounding the alarm on hospital preparedness. Well talk to a emergency room doctor about his experience on the front line next. Because your investments deserve the full story. T. Rowe price invest with confidence. 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. And i like to question your whiim yoevery move. N law. Like this left turn. Its the next one. You always drive this slow . How did you make someone i love . That must be why youre always so late. I do not speed. And thats saving me cash with drivewise. My son, he did say that you were the safe option. And thats the nicest thing you ever said to me. So get allstate. Stop bossing. Where good drivers save 40 for avoiding mayhem, like me. This is my sons favorite color, you should try it. [mayhem] you always drive like an old lady . [tina] youre an old lady. To feel exhilaration. It all starts with an invitation. The invitation to lexus sales event now through march 31st. Get 0. 9 apr for 60 months on all 2020 models. Experience amazing at your lexus dealer. Avoid sick people. And touching your face. There are everyday actions to help prevent the spread of respiratory diseases. Visit cdc. Gov covid19. Brought to you by the National Association of broadcasters and this station. Of broadcasters oh no, here comes gthe neighbor probably to brag about how amazing his Xfinity Customer Service is. Im mike, im so busy. Good thing xfinity has twohour appointment windows. They have night and weekend appointments too. Hes here. Bill . Karolyn . Nope no, just a couple of rocks. Download the my account app to manage your appointments making todays Xfinity Customer Service simple, easy, awesome. Ill pass. Connell facing a challenge like never before new yorks Health Care System under stress, treating patients with covid19 as number of confirmed cases continues to spike across this state. It is not just older people at risk. Young people are starting to make up a larger portion of coronavirus hospitalizations in the United States. Nearly 40 , as a matter of fact, are people between the ages of 20 and 54. According to new data coming in from the cdc. With us now is one of the doctors fighting on the front line, dr. Reed caldwell nyu langone emergency medical center. Dr. Caldwell, thank for joining us today. People were startled to hear it when it came from the cdc can you give us any insight on ages of patients coming in at nyu langone . Yes, hi, thanks for having me. We were expecting to see an older population heavily hit by covid19. We are seeing a large number of patients in the age range that you mentioned, the 30 to 50, 30 to 60yearold age range. Connell in severity of the cases is it different by age . Another thing we saw from the cdc data, many of the deaths are from the older people even with the hospitalizations with somewhat younger people . I think thats right. We are seeing some variability and some unpredictability with who is getting quite sick and who is having the patients which are having mild to moderate symptoms. Connell i want to broaden the discussion a little bit. There is so much discussion about hospitals overwhelmed at some point and already understress. There was opinion piece written in the New York Times by a new york based doctor, i dont think she identified her hospital, cornelia griggs, were moving at a Business Team<\/a> coverage. Reporters all over the place. Ashley webster with the markets here in new york. Edward lawrence covering things on capitol hill. Blake, we start with you with the latest from the white house. Reporter treasury secretary Steve Mnuchin<\/a> told Maria Bartiromo<\/a> this morning that the administration would like to see 1000 deposited into the Bank Accounts<\/a> of adult americans. 500 for the children as well on top of that. As part of a trillion dollar stimulus package that the administration is negotiating up on capitol hill. Vice president chief of staff told us this afternoon, they believe that package could make its way to the president s signature next week. Earlier today during the president s Daily Briefing<\/a> as it has become, he was asked if the trillion dollars was sufficient . Well know about that later on. Well see what happens. It depend how long, so much depends on what is going on in this room in terms much the medical. If we can stop it in its tracks, the virus, its plenty. If we cant, well have to go back and talk. Reporter President Trump<\/a> this afternoon also spoke with the nations governors during his visit to femas National Response<\/a> coordination center. Wisconsin governors asked the hospitality workers to be involved in any relief package which the president supported. During exchange with michigans governor, the president opened up possibility much automakers receiving government help. Conversations happen around industry. We will keep this important sector front and center. Youre right 100 . Were watching auto sector very much were helping them at least a little bit. We have requested some help. It wasnt their fault what happened. Well take care of the auto industry. Reporter over at the state department they are warning mention against international travel. This is the updated guidance from foggy bottom saying quote, u. S. Citizens who lynch in the United States<\/a> should arrange for immediate return to the United States<\/a> unless they are prepared to remain abroad for an indefinite period. It goes on to say u. S. Citizens who remain abroad should aroad all international travel. Connell . Connell all right, blake. Ashley webster on the markets. Quick word on the floor of the New York Stock Exchange<\/a>. It was on this show yesterday where the news broke that the floor will be closing as of monday but trading will continue electronically. Yes. Connell there is a look at the floor now. A few people still on it. Still milling. Connell Milling Around<\/a> today and tomorrow and thats it. Thats it. Connell keep that in mind. Plenty of trading to talk about. By the way, quickly before i get into todays action, monday First Time Ever<\/a> in the history of New York Stock Exchange<\/a> that the floor is closed but electronic trading goes on. There is a little fact for you at the next cocktail party. Lets get to markets themselves. Threeyear low yesterday on the dow. We started off not in great shape. Down almost two or 3 . The dow up 189 points. The s p and nasdaq in particular. Nasdaq up more than 2 , thanks to a turnaround in big tech stocks. That helped and also the Energy Sector<\/a>. Well get to that in a minute but i want to look at some really beat you know up sectors. Lets begin with airlines. Reports that generally throughout the Airline Industry<\/a> the planes are flying are just 10 to 20 full and that number is going down by the way. It is estimated that the airlines are burning through, remarkably, 10 to 12 billion of cash per month. We know there could be a loan, bailout, whatever you want to call it of 50 billion, but that graphic there of airlines today says it all, down again. Kind of a quick look at financials. They had a turnaround today. A lot of talk of help from Central Banks<\/a> and government, fiscal, monetary poll, supposed to help banks ease liquidity issues. Were seeing some return back up on the bank shares but not really making up for a huge drop weve seen. Want to get into oil, that Energy Sector<\/a> up, 14 of crude, up to 25 bucks. 37 cents a share. That by the way is the biggest percentage gain, daily percentage gain ever. You know what . On the other side of the equation, oil dropped yesterday 24 . So were back to where we were on tuesday. Still worst month that is for oil. You know the problem, connell and melissa, we know no matter what the oil patch does, the demand right now for oil just isnt there. Connell right and wont be for some time. Exactly. Connell thank you, ashley webster. Our panel, gary b. Smith from kadena group, fox business contributor, paul after after very sawn know like some people working from his office. The day we saw today, compared to what we saw yesterday where the seem was if it is not nailed down im selling i need to raise cash. Any differences in sentiment youre picking up in the market today . Not necessarily. You know, i think, i dont understand quite frankly why people react in such a shortterm, you know, viewpoint. You have to take a longterm view here. One thing i would say to the viewers you know, at this point this is a bad situation but i wouldnt panic. I would take a longterm view. As bad as it is, as bad as it may get, again we dont know, what is important to fully understand is that hopefully unlike say 2008 financial crisis this will be relatively shortlived event. Were hopefully talking months, not years. That is one thing people should keep in mind. Maybe seeing a little bit of positivity in the markets today. This is both a Public Health<\/a> crisis and an economic crisis. I think viewers should, you know, expect the worse but also expect that the government is going to do everything in its power, seems to be doing that, governments around the world to help mitigate impact. Connell well talk more about that in just a second, gary. They may do it in future. It is a question of how quickly thats coming, government help, maybe how it is structured. How does it help from investment point of view, in terms of your out look and how you plan for things if at all . Tell you what, i cant be as optimistic as paul is because ive never been through this. I lived through 87, i wasnt trading you but lived through much everything else. No one here or anyone on this panel lived through a economic lockdown, if you will. Maybe world war ii is our closest equivalent but even then , already, you couldnt buy robber things, autos. You were out, seeing movies around stuff like that. Now everyone just not spending. Connell i know. My other concern is, when they say, you know, theyre going to send everyone 1000, you know, what is the thousand dollars . Thats you know, maybe, for the average median income, maybe it is just a couple weeks of salvation . Its really nothing. Even one trillion dollars that were talking about on a 20 trilliondollar economy, not going to buy us enough time. I would like to be optimistic, getting back to your point, when we get to maybe, im looking at dow 15,000 maybe . I mean that would be kind of where we had the breakout back in like the 80s. I just, i have never lived through this. So im in cash right now. Im with paul, dont panic. Of course that is not going to help. I dont see the connell youre not putting money back to work. No, not yet. Connell let me get to the point how it is all structured in washington. Melissa. Melissa get over to Edward Lawrence<\/a> at capitol hill with the congressional response to the coronavirus. Ed . Reporter yeah, melissa this bill is moving through lightning speed in congress as fast as that could go. Senate Majority Leader Mitch Mcconnell<\/a> said they will be here as long as it takes to get the bill done. He is hoping to have the language later on this afternoon to start negotiating with democrats on this. This is more direct than phase two. Direct payments to the american people. Blake mentioned 1000. Treasury secretary wanted for each adult. Source familiar with the negotiations, 1200 in two checks for each adult. 500 for kids. My colleague hillary vaughn, for people making under 75,000 or less. In between 75,000 and 95,000, those would not be eligible. No tangled washington process with thousand cooks in the kitchen, no forms for laid off workers or busy families to fill out, money for people, from the middle class on down period. Reporter phase three stimulus would include low interest government guaranteed backed loans for Small Businesses<\/a>. Grant money to Small Businesses<\/a> to be used to pay only employees rent or mortgages. That is designed to keep them going, keep them going under or laying off workers. The package will have a bailout for Certain Industries<\/a> would include only loans. If we go to the airlines we need to help save them, there is no question about it. One could argue that is not market forces. Were in an extraordinary time but to own the airlines is a mistake in my view. Lets be sure the loans are collateralized. They should be collateralized by assets air have. Reporter the bill makes sure hospitals are funded fully and medical centers have supplies they need. Treasury secretary very involved with senators trying to negotiate this back and forth to make sure something the administration wants. Melissa . Melissa edward, thank you. Connell coronavirus pandemic really only increased america around really the worlds dependence on amazon to get everyday goods. A warehouse worker though did test positive here in new york last night for the virus. Susan li joins us with more on all that. Susan . Susan first known case in Fulfillment Center<\/a> for amazon. Five employees over on the european sign tested positive for covid19 as well. As you mentioned this Amazon Warehouse<\/a> worker is from the queens district, delivery station out there in new york. Apparently amazon telling us they are receiving medical attention. If you bring up the statement, say we are supporting this individual who is now in quarantine in addition to enhanced daily deep cleaning. We closed the queens delivery station for additional sanitation and sent Associates Home<\/a> with full pay. This is the first warehouse worker confirmed but in the seattle headquarters amazon confirmed that one of it employees tested positive for coronavirus. They are advising the employees to stay home through end of march. This only applies to the corporate offices. As you mentioned looks like business is booming at amazon with people being quarantined, saying home, they are ordering online instead. Amazon is hiring 100,000 extra warehouse fulfillment delivery workers, paying extra 2 an hour on top of the 15dollar minimum wage. The stock has outperformed in the last month compared to the other technology counterparts. Speaking of technology, i want to highlight uber for you today. Up 30 . It was trading this stock went out in its ipo at 45 a piece. We heard the uber ceo, dara assuring we have cash on hand. Ride segment, 60 to 70 decline since people were told not to travel. According to my reporting he says we have ample liquidity and ways to control costs and rides will rise once coronavirus passes. Connell susan li for us. Melissa gary and paul are back. Gary, im a little too nervous to go with you after that last answer. I will start with paul. I dont blame you. Melissa so, amazon workers, i mean, this is an interesting case. You look at amazons fortunes could go anyway on one hand. I cant even get a delivery from their grocery service, like everybody has hammered amazon. What you need right now. You need, you will order at home from amazon. At the same time you could have something happen like, you know, one much their workers as they said tested positive. Then we have no idea where this virus is going. They could tell us tomorrow it would be transmitted x, y, z, way, all of sudden thought it was safe to get stuff from amazon. Im not saying that hasnt happened but we keep learning every day that there is so much we dont know about the virus. What do you think about amazon given all of that . I like it. I think susan sums it up. Melissa gary, were not letting you talk. Im kidding. Paul, go first. Then well let you talk. Paul, go ahead. Im optimistic. Melissa thats why youre going first. Somebody should be designated to big to fail in this environment, that should be amazon. If your family is anything like mine, we rely, continue to rely heavily on amazon. I agree some delivery issues have been frustrating. What is concerning as you look at supply chain, delivery operation amazon has, right now it seems that, most of the cardboard packaging that the coronavirus can live up to 24 hours on that packaging. So you know, it is concerning that it could be spreading. I think, you know, i read people that leave the amazon packages on their doorstep for 24 hours before bringing them in the house or open packages outside. Were not doing that we probably should. Melissa i guess you probably dont lick the box either. Gary, you have to get it as far as we know for now on water droplet. Go ahead. Yeah. Just dont use the prime delivery. Get the normal amazon delivery. By then the coronavirus should be gone. Im with paul on this one though. I guess the kind of paraphrasing what susan said, the good trade would be to be long amazon and short, you know the qqq if you will. You got to think, amazons going to outperform the rest of the nasdaq. Pauls exactly right, if we cant rely on amazon at this point melissa fold it up. Go to the moon or something. Yeah. We just all shut in and shut everything down. Do like amazon. Melissa guys, thank you. Connell. Connell nobody get as trip to the moon. Look at numbers, more than 236,000 cases worldwide where we stand. 10,700 right here in the u. S. Were trying to keep you updated with perspective for the rest of the globe and curve and all that. Italy the country with most cases outside of china. No sign after flattening of the curve unfortunately. U. S. Still growing exponentially as well. Cases did surpass south korea which managed to flatten its curve the last couple weeks. In terms after daily change, cases in china up by just. 06 from yesterday. So, there is really hardly any growth at all in china. Italy still going up 13 in a day. The u. S. Exploding, we knew this with the testing. 65 in cases just since yesterday whereas south korea, which we mentioned at the low end there, showing you what increase in cases looks like, when you do have a socalled flattened curve. Melissa plus ramping upwrought up protocols across the nation. New york testing 7500 people a day. Officials still sounding the alarm on hospital preparedness. Well talk to a emergency room doctor about his experience on the front line next. Because your investments deserve the full story. T. Rowe price invest with confidence. 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. And i like to question your whiim yoevery move. N law. Like this left turn. Its the next one. You always drive this slow . How did you make someone i love . That must be why youre always so late. I do not speed. And thats saving me cash with drivewise. My son, he did say that you were the safe option. And thats the nicest thing you ever said to me. So get allstate. Stop bossing. Where good drivers save 40 for avoiding mayhem, like me. This is my sons favorite color, you should try it. [mayhem] you always drive like an old lady . [tina] youre an old lady. To feel exhilaration. It all starts with an invitation. The invitation to lexus sales event now through march 31st. Get 0. 9 apr for 60 months on all 2020 models. Experience amazing at your lexus dealer. Avoid sick people. And touching your face. There are everyday actions to help prevent the spread of respiratory diseases. Visit cdc. Gov covid19. Brought to you by the National Association<\/a> of broadcasters and this station. Of broadcasters oh no, here comes gthe neighbor probably to brag about how amazing his Xfinity Customer Service<\/a> is. Im mike, im so busy. Good thing xfinity has twohour appointment windows. They have night and weekend appointments too. Hes here. Bill . Karolyn . Nope no, just a couple of rocks. Download the my account app to manage your appointments making todays Xfinity Customer Service<\/a> simple, easy, awesome. Ill pass. Connell facing a challenge like never before new yorks Health Care System<\/a> under stress, treating patients with covid19 as number of confirmed cases continues to spike across this state. It is not just older people at risk. Young people are starting to make up a larger portion of coronavirus hospitalizations in the United States<\/a>. Nearly 40 , as a matter of fact, are people between the ages of 20 and 54. According to new data coming in from the cdc. With us now is one of the doctors fighting on the front line, dr. Reed caldwell nyu langone emergency medical center. Dr. Caldwell, thank for joining us today. People were startled to hear it when it came from the cdc can you give us any insight on ages of patients coming in at nyu langone . Yes, hi, thanks for having me. We were expecting to see an older population heavily hit by covid19. We are seeing a large number of patients in the age range that you mentioned, the 30 to 50, 30 to 60yearold age range. Connell in severity of the cases is it different by age . Another thing we saw from the cdc data, many of the deaths are from the older people even with the hospitalizations with somewhat younger people . I think thats right. We are seeing some variability and some unpredictability with who is getting quite sick and who is having the patients which are having mild to moderate symptoms. Connell i want to broaden the discussion a little bit. There is so much discussion about hospitals overwhelmed at some point and already understress. There was opinion piece written in the New York Times<\/a> by a new york based doctor, i dont think she identified her hospital, cornelia griggs, were moving at a Health Crisis<\/a> moving at a speed and scale never withinned by living generations. Cracks of system is splayed open like a gashing wound. No matter how it plays out life will look different for all of us. Dr. Caldwell said the sky is falling. Im not afraid to say that. Im not alarmist. What do you see, like on a daytoday basis where you are . It certainly goes without saying were in a tough time. I would say im both concerned and im proud. Im concerned about resources, whether it be respiratory isolation beds, masks for staff, ventilators, or supplies of medications, were concerned across the country. We all remain focused on conservation, sourcing of these key items. Im also proud, hard work and focus resilience i have seen across the many people who are the face of health care over the last few weeks. There has been much deserved praise the incredible work doctors and nurses are doing. Health care system requires food service, Lab Scientists<\/a> and ems doctors to name a few. Im proud of whole resilience from our team. Connell you should be. What do you need the most and how quickly do you need it before there is extreme stress . The two things i would say we need the most, one, we need masks. We need, we need the government to help us with masks. Two, we need everybody in the country to work to match their level of symptoms with the appropriate level of care. We really need just the sickest patients to be in the emergency room and in the hospital. Connell so what if someone feels symptoms, what should they do . What are their other alternatives youre recommending as opposed to coming into you . People with mild symptoms refer to webbased resources Like Health Departments<\/a> and cdc. People with mild to moderate symptoms need to rely on telephone or telehealth platforms to be seen and to be evaluated. And then again the sickest patients need the 911 system and the emergency medicine system. Connell all right. Well keep watching that situation especially with the masks. All the best to you, everybody working with you, dr. Caldwell. Keep us updated as needs increase. We appreciate you coming on with us today. Thanks for having me. Connell yep. Melissa reaching out to their communities. Although many Small Businesses<\/a> are hurting during this outbreak, one Restaurant Owner<\/a> is finding a way to give back. Plus ignoring the advice of Health Officials<\/a> as some americans are choosing to the bend the rules. All over the country especially in the beach communities. Is faced with adversity, we find a way to get through it. Its not about taking care of ourselves, but taking care of each other. Checking on our neighbors. Lending a hand where we can. And just being there. Its the sum of the small parts that make a big difference. To help you get through this, we promise to do ours. Were offering chevy owners complimentary onstar crisis assist services and wifi data to help keep you connected to the things that matter most. And, if you need help with your current vehicle account, were here. For those who need a new chevy, interestfree financing for an unprecedented 84 months, with deferred Monthly Payments<\/a> for 120 days on many of our most popular models. You may even have the option to shop online from your local dealer. And take delivery at home. Its just our way of doing our part. Can we go get some ice cream . Alright, we gotta stop here first. From smarter atms, to after hours video tellers comcast business is connecting thousands of banks to technology that turns everyday transactions into extraordinary experiences. Hi there. How are you . Do you have any lollipops in there . laughing no, sorry. Were helping all kinds of businesses go beyond customer expectations. How can we help you . Or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. Connell so it is a city on lockdown. The streets are you know, pretty much abandoned except for just a few people in San Francisco<\/a>. Residents have been ordered to take shelter at home for at least three weeks there. Meanwhile in new york state as we were talking about a moment ago the number of coronavirus cases has exceeded any other state in the country at this point and there has been talk maybe trying something similar at least within the five boroughs of new york city. Listen. Idea of shelter in place has to be considered now. What i was trying to say to new yorkers, this is reality were facing now. Get ready for the possibility because it is not so distant. None of that is going to happen. There is no quarantine planned for new york city. Connell here now is the judge, andrew napolitano, fox news senior judicial analyst, host of the liberty file on fox nation among other things. The back and forth has been welldocumented throughout the week. People have been thinking about this between mayor de blasio and Governor Cuomo<\/a>. I am curious if there is any legal distinction, the governor keeps using the word quarantine, wont happen, the mayor says shelter in place. What are we talking about here . These are not legal terms, connell. I noticed that as well. But theyre talking about the same thing. Connell okay. For people who are new to this, these people have been battling each other for dominance in the Democratic Party<\/a> in new york state for years. In this case it is not a political battle or personality clash. This is a dispute over the law and the law is very clear. It is one hundred on the governors side. The governor of new york has vast authority over things local, elected officials do, far more so than most governors of other states. Connell different than california . Very different from california. Connell so what is going on in San Francisco<\/a> then . That decision has been made by the mayor of San Francisco<\/a>, the governing body of the city of San Francisco<\/a>, and the governing body of the county of San Francisco<\/a> and the governor of california cannot i i amter fear with that. Here, once the governor of new york, are you ready for this. Connell declares an emergency, if any local elected city official is not complying with the emergency the way he wants them to comply with, he can remove them from office for the duration of the emergency. Connell is that right . In which case mayor de blasio would be once and future mayor de blasio. Connell if Governor Cuomo<\/a> say nothing quarantine, no shelter in place it will not happen unless he agrees to it. He knows the logistics of enforcing this would require resources that he does not want to devote exclusively to new york city. The police wouldnt do it. It would require troops in the streets. I dont think he wants to reside over image like that. Connell he changed it today, said 75 of nonessential employees should work from home, should not come into the office. Is that under the state of emergency that is just something that can be done or legal questions there as well . Well there are some legal questions there, if anybody wants to resist it but he has done these things, if i may, very humanely, not only is he logical, not only does he have, talking about the governor. Connell the governor, right. Andrew cuomo, a great grasp of the law and of the medicine but he is humane. Nobody is knocking on doors of fox news to see how many people are here and how many people are home. It is sort of selfpolicing at this point. Connell right. It is nowhere near the draconian measures the mayor has been saying he is thinking about. Connell interesting. Former state attorney general for what it is worth as well. Judge napolitano. Melissa. Melissa the governor is doing an awesome job. Anyway, staying active in quarantine. How one woman and her grandparents are staying positive on their 10th day of confinement. Plus a Christmas Movie<\/a> marathon nine months early. Hallmark channel, i love this, announcing it will air 27 original countdown to Christmas Holiday<\/a> movies starting tomorrow as a growing number of americans are selfquarantining across the country. That will put you in a good mood, take your mind off it. Do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun all we needed somebody to lean on all we need is someone to lean on doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. woman no matter what business you are in, Digital Transformation<\/a> never stops. Verizon keeps business ready for whats next. man we weave security into their business. second man virtualize their operations. third man and could even build ai into their customer experiences. We also keep them ready for the next big opportunity. Like 5g. woman where machines could talk to each other and expertise could go anywhere. woman when it comes to Digital Transformation<\/a>, verizon keeps business ready. A former army medic, made of the we maflexibility to handle members like kate. Whatever monday has in store and tackle four things at once. So when her car got hit, she didnt worry. She simply filed a claim on her usaa app and said. I got this. Usaa insurance is made the way kate needs it easy. She can even pick her payment plan so its easy on her budget and her life. Usaa. What youre made of, were made for. Usaa melissa fox business alert. New york mayor bill de blasio again providing an update on the citys response to the coronavirus outbreak. The mayor saying that the state of new york is working constantly to protect its people but warning the city is waiting on federal help and he says it is still not arriving. We will bring you any additional headlines this hour. A stark new reality. Small Business Owners<\/a> are hurting in the midst of the pandemic as a growing list of states are implementing new restrictions but some are still finding a way to go give back including our next guest. John is owner of the downtown cafe in long island and he joins you now on the phone. Weve been trying to get you for the past couple days. Im glad we were able to connect. You know, youre really incredible. I know youre business is taking a big hit but youre doing all you can. In part youre donating, you know some of the left over pizza and food that you havent been able to sell, to harvest, to give to kids and to local soup kitchens is that right . Yes, melissa, thanks for having me on. We try to do as much as we can and we do that all yearround with left over pizzas, anything we have left over or anything that we made a mistake, we put away, freeze it. Then hand it out to the harvest here on long island. Melissa were looking at your restaurant right now, buzzing on a normal day no doubt. How is your business now . Are you able to do delivery or pick up . We have only done delivery and pick up, restaurant side we had to shut down. We usually, down about 50 of capacity what but we usually make on normal day. We, you know, dining room where im sitting, all the chairs are on the stables. No one is coming in here or getting a beverage, ordering dinner, goes inning, talking gossipping to my neighbors. Melissa are you going to be able to make payroll . Are you going to be able to pay your rent . We had to cut some hours. Waiters definitely. I have one, couple waiters are secondary delivery drivers now, trying to help them out, help us out as well. Hopefully you get the business, you know, cutting a little bit of staff in the kitchen as well. I go home for a couple hours so someone else can stay in middle of the day when im not needed. I try to do the best we can, but here on facebook, another friend of mind closing his restaurant down over in arizona. You know, i see a bunch my friend all over the world. Melissa we know that help is on the way, that you know, they are planning all of these low interest lines of credit and stuff for us, they got to do it now. It is just, really tight. Were looking at pictures of you shaving heads. This is the time of year when you do a really special fundraiser. Tell us a little bit about that, tell us how people can help out you werent able to do it this year, how people can help. We usually do a event every year, our 13th year were supposed to do it. Up to this year we raised 10,000 for this years event. Canceled for next two months. Research over the world. Foundation that, besides the government that finding a cure for childrens cancer. Well postpone it for now. Hopefully two months later well have it. We dont have a set date. Go on to st. Baldricks. Melissa like patrick, but people are bald. Bardrick. St. Bald ricks. Were praying foreeverybody. Melissa, thanks for having me. It was an honor. Melissa thank you. Connell Edward Lawrence<\/a> was talking earlier about some of those, some of the help coming out of washington, form of grants, rather than loans, might help a guy like john. Get moving on that. Melissa they have to get moving on it. Talking about that specific point, people dont have to pay it back that would be huge. They need to do it. Connell tying it to payroll. Somebody like john would say, i do that, promise to use it for payroll. Well keep on the stories, especially keep on them in washington as well. Meantime finding a better way for selfbetterment in the time of crisis. How you can score something of an Ivy League Education<\/a> for free. How about that . Well have that story coming up. Thousands of americans this week still flocking to florida beaches. Weve seen the pictures by now. The cdc is saying dont do this. We are live on the ground in clearwater to see how things are going when we come back. Or . Coming out here, seeing the infrastructure firsthand, we can make better informed investment decisions. Thats why i go beyond the numbers. Be stronger. With nicorette coated ice mint. Layered with flavor. Its the first and only coated nicotine lozenge. For an amazing taste. That outlasts your craving. Nicorette ice mint. For an amazing taste. We find a way through it. Y,ing. Its about taking care of each other. Its the small parts that make a big difference. At chevy, we promise to do ours. Were offering chevy owners complimentary onstar crisis assist services and wifi data. If you need a new chevy, interestfree financing for 84 months with deferred payments for 120 days on many of our most popular models. You may even shop online and take delivery at home. Its just our way of doing our part. Wait. Am i in one of those Liberty Mutual<\/a> commercials where they stand in front of the statue of liberty and talk about how Liberty Mutual<\/a> customizes your Car Insurance<\/a> so you only pay for what you need . Uhhh. Yes. Huh. What happens in this one . Seagulls. Oh, i like it. How are you doing . seagulls sounds only pay for what you need. Liberty. Liberty. Liberty. Liberty. Its more than just fast. It keeps all your devices running smoothly. With builtin security that protects your kids. No matter what theyre up to. It protects your info. And gives you 24 7 peace of mind. That if its connected, its protected. Even that that petcamera thingy. [ whines ] can your internet do that . Xfinity xfi can because its. Simple, easy, awesome. [ barking ] the end might not be as happy as ayou think. End. After all, 4 out of 5 people who have a stroke, their first symptom is a stroke but the good news is you can rewrite your ending and get screened for stroke and cardiovascular disease. Life line screening is the easy and affordable way to make you aware of undetected Health Problems<\/a> before they hurt you. We use Ultrasound Technology<\/a> to literally look inside your arteries for plaque that builds up as you age and increases your risk for stroke and heart disease. So if youre over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. And if you call us today, youll only pay 149an over 50 savings. Read it again, papa . Sure. Ive got plenty of time. Life line screening. The power of prevention. Call now to learn more. Connell like a tale of two realities. Thousands of people flocking to florida beaches, spring break. Weve seen pictures like this one. Vacationers though might not be able to do this kind of thing any longer. The states governor shutting many of the beaches down because of the virus outbreak. Fox news correspondent phil keating live in clearwater with the latest from there. Phil . Reporter hey, good afternoon, connell. Another spectacular beach day here in Clearwater Beach<\/a>. All day long people are coming out, enjoying sunshine, fun in the sun. After a week of heavy criticism forearound the country, spring break crowds densely packed on beach, everyone seems to maintain proper distance from each other. You will not see this scene after three more days. On monday this beach is closed. This beach was targets of shame. Spring breakers and families who were ignoring the cdc social distancing guidance, which on the sand has been basically ignored. Statewide most of the beaches do remain open. The governor has yet to issue an executive order himself. But everybody is supposed to be spaced out. Groups smaller than 10 and six feet apart. But here is what Clearwater Beach<\/a> looked like earlier in the week despite the pandemic threat. At an emergency meeting called last night to deal with this, clearwater counsel reacted to criticism, ruling all beaches will be closed starting monday. In cocoa beach, more spring break crowds packing beach. Little concern about a virus, many young people that they think only serious affects older generation. Family generation. Everybody freaking about the coronavirus. It is a cold. Wash your hands. Plain and simple. My wife is a nurse. It doesnt affect that as long as we maintain what were supposeed to do. Reporter very first florida towns which enacted beach bans were miami beach and fort lauderdale. Summed they shut down popular spring break hot spots and entertainment district. The challenge of the youth is a big challenge. Were a spring break destination whether we like it or not. We have a lot of young people coming here. It is hard to convince a kid to think they have a sense of mortality. Reporter Brevard County<\/a> banned all beach parking to minimize crowds heading out to the sand. Miamidade county closed every beach in that very large county. Take note, the cdc says all of the people between 20 and 44 who get covid19, 20 end up in the hospital. Connell . Connell young cody, who you spoke with might want to talk with dr. Cobal on nyu, seeing a lot of young people in the emergency room. Reporter invincibility complex. Connell until it is too late. Phil keating. Melissa . Melissa upending americas way of life. A rising number of coronavirus cases across the country is presenting a stark new reality for many from empty restaurants to movie theaters to sudden hoarding of things we once considered very bad, like frozen food, plastic bags, and aerosol sprays. Here is brett larson, fox News Headlines<\/a> 24 7 anchor. I dont want to make light of anything. I like irony. All these things we really frowned upon. Banned plastic bags in new york just in time because what you really want right now is a dirty, nasty bag that can hold viruses. You dont want new plastic bags. You know, frozen food, we stopped everything that had preservatives. Whole foods, organic. I would like it frozen, unwrap it myself. Ironic isnt it, brett . It is a touch ironic. The Plastic Bag Ban<\/a> went into effect literally two weeks ago here in new york city. Now youre getting paper bags. Urged to bring reusable bags. Reusable bags can carry germs. Youre better off with plastic bags. Think when you go to the dentist, you sit down in the chair. Everything is not covered in plastic. It is canvas, when theyre done with it and dispose it properly to get rid of bacteria. Frozen foods tends to have the bad things, all preservatives. There are plenty of healthy frozen foods you can buy, stock up on, you will not be able to keep them frozen for two years but probably going to be able to maintain them in the freezer, next month or so, or however long it will be before things get slowly back to normal. Melissa reminds you how we got to the place where people want to throw out plastic like like oc. A lot of reason we invented plastic it has life saving possibility whether youre in surgery or the dentist office, plastic is prophylactic. It helps bad things not penetrate. Anyway, new way to beat cabin fever. This is what youre doing, youre at home. Nearly 500 Ivy League Courses<\/a> are offered on line, entirely for free. You can do organic chemistry at home . Is that what youre doing . I think of all the harvard classes you can dive right into for free . Absolutely. Organic chemistry, not to alarm my neighbors, i will do chemistry experiments in my kitsch hen. Thereth is great. Harvard, yale, penn state, cornell, brown, theyre offering free classes you can take on line. You can download educational books from apple i books. I spent time on youtube the last couple days. You can find great videos from people show you how to do everything from computer coding, learning how to create an app. I made sourdough bread based on video i watched. It turned out great. Melissa right. Especially with kid in the house. Melissa, you know the kids will get a little antsy before we might. Think of fun projects to sit down with the kid right now. Fun science experiments. Education experiments. That will be found online. Slow down the netflix use. Melissa we said i dont like my kid to have screen time. This is how theyre connecting with their friend. They can even do virtual karate and virtual soccer. Another thing turned on its head. Brett larson. Connell sourdough bread from the great brett larson, boy. Staying positive, the idea amid all this. A few passengers who recently disembarked from the grand princess cruise ship, keeping busy sharing quality time in quarantine if that is possible. That is coming up next. Oh, what a beautiful morning, oh what a Beautiful Day<\/a> connell tesla down after hours. 7. 5 , announcement factory in fremont, california will temporarily suspend production. Factory in new york also temporarily suspended. Were getting announcements from a lot of companies, tesla in process of implementing touch less deliveries, stock down 7 after hours. Melissa that is what im worried about dont touch me. Making best out of a tough situation. A young woman and grandparents today 10 of post crew quarantine, keeping a positive attitude. Wash your hair wrap it tightly. Melissa michelle and her grandmother, thank you to you for joining us. Those of light moments have you been at each others moments or all singing and dancing and fun. 95 happy moments, we stay positive. There are a couple of moments it is less than ideal. Melissa i am teasing you. Seems that you are having a great time, is there anything you have learned about each other in quarantine that you will remember forever, your best experience . I see some things she will never do again. Melissa no doubt. We hav. We have become very c. Reporter we love watching the videos, thank you so much. Thank you. Absolutely. Melissa so cute. Connell, my son is home with my husband, he said, what a great time they are having, there are positive things out of this. Connell family time. Thank you for joining us, here is bulls and bears. David more help on the way, that is message today from President Trump<\/a> as he promises a twopronged attack, one an economic rescue, two, equipment and gear to the doctors, furthers, hospitals. And this morning at white house, president said i it gipss bes with getting more therapeutic drugs into the pipeline and fast. I directed fda to eliminate outdated rules and bureaucracy. So this war can proceed quickly, i mean fast. And we have","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia902901.us.archive.org\/21\/items\/FBC_20200319_200000_After_the_Bell\/FBC_20200319_200000_After_the_Bell.thumbs\/FBC_20200319_200000_After_the_Bell_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}