From washington on that promise. And the president also reiterated its call for america to reopen as some large malls and retailers are set for a comeback but what will Stores Look Like and are shoppers going to be ready to return . We have all that, a lot more, coming up in the next hour on making money. Cheryl more economic fears are surfacing as the United States is probing chinas role in starting the coronavirus pandemic. At the same time fox is confirming the white house has been given new projections on cases and deaths as states begin the process, some states, any way to try to reopen. This is just hours after the president said that we could get a vaccine by january. We have blake burman in washington. He is live there with a lot more. It has been a fastmoving day for news as usual. Blake . Reporter hi, there, cheryl. That is certainly President Trumps hope or belief going forward. Remember it was just dr. Fauci a few days ago said getting a vaccine by january is something that he could not confidentially say would happen which fits into the 12 to 18 month timeline that the nations top Infectious Disease doctors has been talking for weeks and months. At last nights fox news town hall President Trump was more confident that he says he believes a vaccine could come this calendar year. Watch. I think were going to have a vaccine by the end. Year. You no the doctors would say well you shipment say that i will say what i think. I met with heads of companies. These are Great Companies. I think well have vaccine much sooner than later. I think that will be done. Reporter you mentioned projections, cheryl. There is an internal cdc model garnering attention today as it predicts by june 1st, roughly 3,000 people daily could die from covid19. That could be escalation for where things now. Fox was told does not take into account continued mitigation guidelines. White house is pushing back on this model. Here is what a spokesperson from the white house said. This is not a white house document, nor has it been presented to the Coronavirus Task force or gone through inneragency vetting rather. This data is not reflective of any of the modeling done by the task force or data that the task force has analyzed. Theyre pushing back on that 3,000 death count per day by june 1st prediction, cheryl. Fox is told this model has been compiled essentially by fema and by the cdc, that was put together in an internal brief was involved with a Johns HopkinsUniversity Model as well. Cheryl. Cheryl the models as we have been over the last couple months been all over the place as is. So that makes sense the house is pushing back on those reports. Blake burman live in washington. Blake, thank you very much. Lets talk about what is happening with the chinese. What would the fall out look like if a new trade dispute grows from this pandemic. Want to bring in from Kings College manhattan, Fox News ContributorBrian Brenberg and independent womens policy analyst, patrice lee onkuwa. Brian, president making remarks there potentially could be new tariffs against the chinese. The phase one trade deal could be in jeopardy. There seems to be a run on china if you will. Do you think that would be a good idea, would it help the u. S. Economy . Well, cheryl everything has to be on the table here. Clearly china needs to be held to account but lets remember what the goal is. Were looking at china and were seeing all sorts of risk in the supply chain there, in manufacturing happening there. Thats the problem that we have to solve if we want to derisk that, if we want to prevent some problems weve seen. It is about giving American Companies to do more here. So i think the real key at the end of the day probably isnt going to be tariffs, those have to be on the table, it will be things like tax reform, immediate expensing for Capital Expenditures and regulatory reforms. Kinds of things that get American Companies back to the u. S. That is ultimately how you solve the problems that were seeing with chinese supply chains right now. Cheryl patrice, were having a conversation almost daily now, in particular look at the amount of ppp that has been held up by the chinese or at least in china, if you will. Those shipments. How many states we heard from, they have been basically told they cant get ppe out of china, or if they were willing to pay for it, it is an exorbitant amount to get a mask or ventilator . This certainly confirms what i think a lot of americans suspected, china has been trying could cover its tracks by limiting the supply of ppp. I think a new dhs report out today looks at the fact that China Limited its imports but, expanded its exports. It is interesting to see how china tried to manipulate the supply chain when it comes to medical supplies. I do agree with brian there, we need to insure a lot more of what we produce, not just ppp, ppe but also you know, on our vaccines, our medicines, our pharmaceuticals are actually, developed and produced here in the United States for our safety. It is a National Security issue as well as an economic issue. Cheryl one of the things, brian that would need to happen if we were to actually move the majority of manufacturing back to the United States, you would need tax reform, you would need regulatory reform, in particular taxes. We do know that we always heard from many businesses it is cost prohibitive to manufacture things in the United States. Does this really change the conversation meaningfully now, do you think . I think the one thing that changes the conversation, i think American Companies have woke ken up to the risk of manufacturing in china that might be other countries outside of china but should be the United States. We got to get back to a conversation that has been on the backburner for a while which is tax reform. We should be talking about how to make it cheaper for companies to invest in reserve search and development and manufacturing, buying new equipment an plant right here in the United States. Same thing on regulatory reform. Thats a hard conversation when the federal government is dominating so much of the economy right now but if we want to grow, if we Want Companies to come back that is the conversation. We have to get back into this year, not next year, this year. Chairman cheryl go ahead, patrice. I was just going to tack on. Labor costs are a huge driver for a lot of American Companies which is why they looked overseas to produce a lot of things we rely on here. We cant leave labor out of the discussions. I think a lot of proposals that weve heard which would increase the cost of labor is going to make it really difficult for American Companies to make the decisions, to bring work back or start to produce here in this country. Cheryl patrice, i was going to ask but the vaccine story. Weve seen johnson johnson. Weve seen a multitude of Americans Companies that will push through a vaccine. Now you have talk whether from fauci or the president about fasttracking the vaccine, january would be an incredibly fast timeline in the regular bureaucracy that is the fda. Do you see meaningful change in regards to getting a vaccine done . I think so. I think there is a lot of energy line pushing through a vaccine. What is interesting, when you read what the experts have to say, they can produce, they can design and manufacture a vaccine pretty quickly. It is Clinical Trials that take a long time, getting fda approval process. Weve seen the fda cut some red tape and i think unnecessary hurdles that they put in place where, for pharmaceuticals. Maybe this is an opportunity for them to do the same. I will draw your attention though to sars. In 2003 sars broke out. 10 years later you had vaccines that were still under development and approval process and were ban dodded because the abandoned because the process takes so long. Hopefully we dont see it happen with the coronavirus. Cheryl i agree 100 , patrice. It is powerful voice from fauci and dr. Birx. We need treatment now. Good to have you both on the show. Good to see you both in the afternoon and in the mornings. President trumps tariff threat to china is weighing on the stock market. The dow right now as you can see down 200 points. That is almost 1 . The nasdaq hanging on. Some of that is the technology story. Warren buffett, big story today for the market sending Airline Stocks to nosedive after revealing that berkshire cashed out its stakes completely in american, delta, united and southwest. Oracle of omaha questioning whether people would fly as much in next two or three years as they did last year. Want to bring in money map chief investment strategist shah gilani. I guess the big question, were you surprised that buffett sold out of the airlines . I actually was, chairman, i thought he would stick around a little longer looking for a bounce. When an investor the size of Warren Buffett in his position in airlines is dumping. He dumped cheryl, in april. His prices were certainly not anywhere near the highs. They were near the lows. I think that statement tells all other investors that if Warren Buffett doesnt see a Bright Future for the airlines, for the economy for some time to come he is willing to take that kind of a loss, that quickly and be done with it, that doesnt bode awfully well. Cheryl obviously if you have got, he said this over the weekend, if you have 70 , 80 capacity, that is still a lot of empty seats and you have got too many planes. What the airlines had done, whether this was a good or bad decision they were going on a buying spree as well as, you know anyway, buffett sold about six billion in securities in april. That is a pretty bearish move in general for him. It is. I think it is justified, cheryl, because the weight of the economy will continue on the stock market, certainly on the Companies Like airlines, like cruise lines, the industries that have been hit very hard, hotel industry, and i think as we go into the next month, two, perhaps through the summer, the way that the economy, the weight of unemployment numbers, the weight of new, continuing unemployment benefit claims is going to put pressure on the market. It had a tremendous bounce, tremendously resilient. Even last week when things looked pretty rough on thursday, friday, netnet on the week the market was only down. 2 t was really nothing. Here we are a off a little bit but here the market has some resilience. It is all about earnings. Buffett pointing to the airlines and the likelihood of their earnings being decimated for months, quarters to come, will probably be the same idea that the rest of investors will have eventually. Cheryl i am glad you brought up earnings because it is difficult to get guidance for most of the companies we follow, the large caps any ways. This is the week we get the jobs report for april. Are we in for some type of a shock . Are we living with rosecolored glasses right now, this jobs report on friday isnt going to be catastrophic . I wouldnt say so because the market, whether you want to call it rosecolored glasses or discounting all the bad news has looked past very, very bad numbers and continued to bounce off the march lows. Cheryl thats my worry. I worry about that too, cheryl, but so far so good for the market right now. The question, will earnings bear down on market investors. Will they start to realize without Forward Guidance how do you actually price securities . If you are looking price earnings multiples, what earnings . This is becoming increasingly difficult to value these companies that i think a lot of investors are stepping back, thinking, lets see how the Second Quarter goes and some of the numbers are so dire there, if we get those kinds of numbers, maybe that will be a bottom. Cheryl 30 billion initial claims in six weeks. How many of those jobs really come back, even in the second half of the year . I dont think we have the answer yet but i dont think till with be a good one. Shah, always good to have you own the show. Thanks, shah. Thank you. Cheryl well, more than 30 states across the country are preparing to reopen. Coming up next im going to get reaction from fox nations david webb. He always has been opinion. He is always fun to talk to. One louisiana Small Business owner shares how she is not only keeping her employees jobs intact but also is hiring during the pandemic. Her story at 2 45. Stay with us. re in this alone. 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For more information on how you can stay connected, visit xfinity. Com prepare. People are absolutely scared but there are other people that are scared about being locked in a room and losing their job. Not having income. These are people that want to get back to work to make a living and theyre afraid their job will not be there. At a certain point if you keep it going too long, thats going to happen, so i understand that very well but i think it is all working out. The numbers are heading in the right direction. Cheryl President Trump acknowledging americans fears about the coronavirus with some scared about getting sick, others are scared about losing their jobs, maybe their homes for good but the president does say the nation is ready to begin reopening. In fact more than 30 states have begun the process, including taking 15 major steps today, including return of elective surgeries, limited retail reopenings, construction, restaurants, bars in some places. Bring in fox nation host david webb. David, what did you make about the president s remarks . He did tap into the feeling for most people that they have been couped up and theyre scared, theyre very scared about the future . Well, they are. Look, people have a reasonable fear that coronavirus is a threat to them. They have an even bigger fear than the cure, which is staying shut down as economy is worse for them and their families. I share this with everyones, cheryl, look at governors executive orders. Theyre easy to understand. Understand the different guidance that comes with it. There is something in america, we inknow evade. On radio they call, i own this kind of business. I will solve it. You have the personal protective equipment, you have the practice. Not every state or Governors Office can go to the businesses saying this is what works in your building. People have to be allowed to make reasonable decisions to follow the guidelines and theyre will be to do that. Why not let them do it . Why do you send 100 people into a walmart and not someone go by buy same article of clothing or something at a local shop . This is ridiculous. We need prudent steps forward. Cheryl what do you make of the president s change in tone about the number of projected steps . That really surprised me. 465,000. Now the president saying more like 100,000 . Some say you might have more deaths projected. The other side youre saying lets reopen . Where is the balance in this, david . Well, one it is not an either or which you are not presented but a lot of people do. It is either or it is a false choice. There will be deaths associated with this. There will be spikes in some areas and there will be dropoffs in others beyond flattening, complete reversal. We have to assess each individually. You and i for years, what do we do . We talk about business sectors. We talk about overlapping components of the economy. Intrastate and interstate commerce. Lets look for the economy what it is. Lets accept we have a better biological fight because of therapeutics, developing treatments. Yes were testing vaccines but right now were learning more about this virus and how to combat it. Which means the public is learning more how to recognize it, possibly. How to treat it, how to take more action. Information, one of our biggest weapons against this. So were growing, evolving just like the situation is evolving. Lets make assessments, recognize the risk, put practice along with protection. When you put those two components together, this economy will function. Our fundamentals are still there. But we cannot erode the foundation that we built over the last three years. We need to really get back to work wherever we can and we have to do it with the help of American Innovation and thought process, not government coming in saying this is the cookie cutter approach. Cheryl the private sector, i have a to applaud so many of our nations pharmaceutical companies, cant believe im saying that, the fact they pushed so quickly, so hard to get vaccines to, get treatments, to find drugs that work. It is really breakneck pace. I have never seen that before i dont think in that industry in particular