Bedeviled the world and this could be a sign they had been long waiting for. Hope springs eternal here and you obviously need something beyond just phase two trials that look promise. Well get into that with a top doctor. Meantime look what is going on in wall street here and why everything is looking green thus far. Jackie deangelis on that. Hey, jackie. Reporter good afternoon, neil. Everything is green as you said. Moderna seeing a huge pop on this news today and the dow is up more than 800 points and the point here is weve been talking about therapies, weve been talking about treatments but there is Nothing Better in terms of reopening the American Economy than a vaccine that would prevent people from getting the coronavirus. That is why you have this kind of optimism today. Now this was data from a phase one trial as you mentioned. So it is still very early here but it does mean, that the company can move forward. It is saying the goal to get to phase three in july. If everything were to progress on the right path the Company Actually thinks that early fall it would be possible to get emergency approval from the fda for this vaccine. In a press release modernas chief medical officer said this, quote, this interim phase one data, while early, demonstrate vaccination with mrna 173 elicits immune response caused by natural infection starting with a dose as low as 25 ug. We believe mrna1273 has the ability to prevent covid19 disease. That those are the emergency jibbing words, prevent the disease all together. The study successfully tested three doses as the doctor mentioned in the statement, low, medium, high. The low dose, medium dose, only ones had slight adverse effect with some redness and soreness in a patients arm where the shot was given. With the highest dose, three patients had a little fever, muscle headaches but the symptoms went away after a day. Now the concern in reopening the economy with just regular means of social distancing and Wearing Masks and telling people to wash that are hands, et cetera, thats going to take longer for to us get up and running this vaccine could potentially really be a gamechanger, especially if we do see the numbers maybe spike because people hit the street as little bit more, or maybe numbers spike again in the fall when temperatures drop back below the summer temperatures. That is also a possibility. So wall street is looking at this and saying if you can just shoot this in somebodys arm and make sure they dont get covid19, they will be out to roam freely it would be a really, really positive thing. 800 points on the dow, neil. Neil amazing, just amazing. All right. And to your point i would take the chance of a rash if i could cure this. That is a big deal. Well watch it very closely. 45 were involved in this test, ongoing test to her point notwithstanding. A doctor joining us right now, cardiologist by training a good read on pretty much everything were seeing on this from mount sinai. Doctor, always good to have you, the significance of this early on, you like to remind me lets not get ahead of sort of our skis on this but what do you make of this . That is definitely promising. Like you i would take the rash no matter what. Great results coming out, only first eight cases reported, rejoining what was said before it is just two doses two weeks apart, with the immune response. We notice in people with low dose they actually had an immune response similar to people who got the disease but those who got a higher dose they had more antibodies which means actually stronger protection. Lets put this in perspective like we said. This is phase one trials. Theyre starting phase free in july and just trying to be cautious here. Many studies dont even end up or finish up to phase three trials. So lets be optimistic to see what happens. That is why there is a staged approach. We have to prove safety, we have to prove efficacy. We can speak on logistics and manufacturing but cannot speak up when it comes to safety, waiting to see how people respond to that. Neil so, doctor, the significance of these it builds these antibodies that provide some protection getting covid19. Now, how is that going to help those who might already have covid19 . Well, there are people who develop a lower immune system. I know also it will be relevant for those who in the community will look down. We dont know how long Natural Immunity will occur. The significant part if the people receive a booster down the road to ramp up the memory immune response. Neil then there is an issue of, yet, if this is as promising as you say, others are saying as well, doctor, you have to get a lot of doses out to the world. How is Something Like that organized and handled . The next step, say you have a promising vaccine, a promising treatment, even if you want to get emergency approval for those who desperately need it or could be beneficiaries of it, how does that all come into play . The good news, neil, that moderna already teams up with the u. S. Government and with the Distribution Network and manufacturing. So if this indeed turns out to be as accurate and efficient as it seems like, they will be able to deploy doses quickly. However, if you look at the time frame, as i said, you cannot compress timelines when it comes to human studies, especially in phase three but we are looking still as early as next year being scalable and available to population. Neil while i have you, doctor, americans are going back to work right now, actually theyre going back across the world. Youre a cardiologist by training. Professor of cardiology as well. That is vulnerable subset of population. Those with diabetes are as well, a host of other ailments, how would you recommend that group, those vulnerable groups organize their return to work . Definitely, neil, it has to be a staged approach and the fragile population and those with kronk chronic medical conditions should be the last to go out and abought. It will be a hybrid what you do online and versus social engagement and social distancing. As we dot pilot reopening. This will be the stress test. In two weeks well know how effective these are, and consequences if any well have. Neil all right. Doctor, always good catching up with you. I always learn a lot. Dr. Luiza petre. Monitoring moderna and vaccine how it could change the landscape of the virus Going Forward, maybe an out right treatment and outright vaccine that is the hope anyway. So many states are continuing reopening, maine with more restaurants, South Carolina with more gyms. I could go on and on what is happening in minnesota with malls. Our steve share harrigan is keeping track of these reopenings. It is like full throttle time, isnt it . Reporter yes, neil, when you look at some of the state has were the most earliest and aggressive reopenings. There is mixed bag. When it comes to texas theyre seeing spike in new cases of the coronavirus. More than 1800 reported on saturday alone. That is the single highest total since the pandemic began for texas of new cases. Texas Officials Say they are doing more testing. They say there have been outbreak among meat plant processing workers. Here in georgia there has been an aggressive reopening three weeks ago but we havent seen a similar spike here in georgia. Meantime casinos are reopening both in louisiana and arizona. They will look a little bit different with plexiglass barriers in between the slot machines and blackjack tables which normally seat six will now be seating just three. Took safety measures. The normal practices and escalated those. Went above and beyond what the minimum standards were. Reporter gyms also reopening here in georgia. L. A. Fitness opening many of the branches in atlanta. They will have a new hygiene protocol. Much of the staff will mayor masks. They will limit number of people who can go inside at one time. Neil, back to you. Neil steve, are there metrics various states are using in case there is unusual spike in cases or those testing positive for the virus, goes beyond, usually 3 that would give them pause, where they say, all right, were going to slow this down . Reporter thats right. Some states really taking a finetooth comb approach like mississippi. Theyre letting some stricts reopen and some districts they have problems theyre closing. Within the state were seeing very different rules depending how the region of that state is doing, neil. Neil thank you my friend, very much. Steve Steve Harrigan with the latest on states reopening by end of this week. Saying one way, shape or form, 80, 85 of the country will reopen in stages or hopefully a couple states hope have it fully done at that time. Well monitor that. Also monitoring the significance of what Jerome Powell was saying on 60 minutes last night, saying this will drag on for a while. That he is optimistic the American Economy will rebound but not as much as some hope. He sees late 2021 development. The fed has a lot more ammunition at its disposal to take on the fight to counter the viruss economic impact, which has been substantial to put it mildly. Dani hughes is here. Good to have you back. What do you make of what chairman powell was saying about this dragging on a little longer than some had hoped . I read into it, not a shock here but he is saying dont get your hopes up, for early vshaped recovery. What do you make that . I thought it was funny he went into what kind of letter it would be, what kind of recovery, a v, a u, a l. A couple things he said that was very interesting. He fears 3 trillion of stimulus will not enough. The covid threatens lasting damage to the American Economy which, you know, obviously were seeing it for Second Quarter the states will have to go state by state how they open up as you were describing in the previous segment, how he is talking over the last few weeks at least. Another thing i thought he said, neil, was so interesting and so true, people will have to be fully confident, not just investors be fully confident, people, going out into the world and really that may have to await the arrival of a vaccine. I think todays headlines really show that in full force. A lot of optimism today, obviously with the stock market and elsewhere. Were really not there yet. He wanted to make sure that everybody understands both investors and all humans alike, we have to wait promptly into this next era what were calling new normal. Neil i think youre right. Before many you were talking about all the economic stimulus around this, hasten to add, you know what we really would be the charm, you got a cure for this. That puts all the other stuff to bed. That is proving to be the case. I guess im curious what you make of what chairman powell meant when he said we have other, you know, proverbial arrows in our quiver, what did he mean . What else could he do beyond guying back a lot of municipal bonds, junk bonds, corporate bonds, you name it, providing a lot of cash for the system, what else could he do . Well, actually, neil they have been backing off a bit on, they have been tapering as we like to say over the past couple of weeks with respect to their repurchases in the market both from the mortgage standpoint and other developments but i think that, you know, one thing that we have always said is that they dont have anymore bullets. That the fed doesnt have anything else to do, this is couple years ago. Most assuredly they do so will they have the pull force if they need to after we see Second Quarter results and if we have a new Newell Development of more cases or more start to come back i think the fed will act. People said maybe they acted too quickly which i disagree with although maybe we overstepped our bounds. I think that the fed will absolutely and so will the government, not just america but all over the world will make sure that some Economic Perspective this does not take us down. Neil all right. Well watch it closely, dani. Always good catching up with you. Dani hughes what we might see from the Federal Reserve and other factors moving this market. Almost all of them hinged on that promising vaccine talk were getting out of moderna pharmaceuticals. Slowly you might notice across states, maybe one youre watching me now reopening of restaurants. Starts out with very limited capacity. What is the future of the Restaurant Industry . Are you eager to go to a restaurant, what do you get from a restaurant . One of the biggest restaurateurs in all the world is coming up. I love audible because its a lot of stress relief, its a great escape. So many Great Stories from amazing people. It makes me want to be better. It changes your perspective. It makes you a different person. See what listening to audible can do for you. Neil all right. The president is meeting with a lot of ceos of late. Actually throughout this entire coronavirus crisis. He is meeting with a number of restaurant ceos later today at the white house. Among them the heads of panera bread, landrys, 11 madison park, some hoitytoity and big names as well. Paul joins us, legendary restaurant brand, chairman bennigans, chairman and ceo. He is busy running hi little restaurant empire to hop over to the white house but paul, let me ask you how that is going. Some of your restaurants, depending on the state of course will open up in limited capacity. How are you dealing, preparing, handling that . Well, first of all, absolutely phenomenal to be back with you, just to show you that we go above and beyond the call of duty not only do we have our facemasks but we have our bennigans green facemasks too. Not only comply but go above and beyond the call of duty all the time to make sure there are couple things going on. I would love to talk with the president right now, but i think the safety of our guests both internal guests, our employees and external guests is paramount with job one. Were taking all the precautions that you heard over and over and over again over the last few weeks and then we take it to the next level because we have an Online Training program called, Legendary Restaurant Brands university where we even created a covid specific training module to make sure before our internal guests, our employees come back to work theyre already pretrained on all the different protocols and safety procedures from the front of the house to the back of the house, in terms of what we need to do we convey the trust and confidence in our fests to come back. So where we have already seen some of our limited openings, their response has been phenomenal. Maybe not the whole world will have a vshaped recovery but im telling you at bennigans were having a vshaped recovery right now. The pentup demand were seeing and comments were getting from our guests in terms much the coming back for your favorite, monte cristo and weve been making from scratch 44 years, people are coming in for that. They are buying gift certificates. We have a bengi nance bearer bond. Using that and overcoming the three main pieces of the cradle is right from the United States marine corps. Neil im sure. Dont get me going on my baby back ribs impression, but that is separate issue. How do the workers, how do the workers deal with this . Obviously they have to wear masks, right . Yes. Neil when patrons come in, obviously they cant wear masks when theyre eating and all, but what are some of the things that might surprise them when they enter your doors . Well, from a guest standpoint, they will feel confidences they always felt. You and i talked about this before. Weve been around for 44 years. People expect a higher level of execution from us so we continue in that vein but making sure the entreeaway, the guest reception, the people at the host stand, our servers, our bar tenders in some cases and our back of the house not only Wearing Masks but protective gloves. The frequency of cleaning, sanitation, we have a guest coordinator position where we make sure, insure on a sequence of every 15 minutes, the environment, is safe for our guests, and the response has been phenomenal. The other part of this, neil, is that you know, were looking at this through a microscope as well as a telescope. Because i think clearly, not everybody is going to make it to the other side. There will be a 25 fallout. Let me put that in perspective. If there is over a million restaurants today in the United States, clearly 250 to 300,000 will no longer exist. Now some of them will be bigger brands, smaller brands, some of the independents we talked about in times past as well and thats a shame but there will be entrepreneurs for coming into franchising. I hope the executives on the hill are talking to President Trump not only you know, giving stimulus and recovery piece that is necessary but also providing incentive for people to invest back into Small Business, a an entrepreneur, as a franchisee whether it be bennigans or anybody else. Neil well watch it closely, paul. Please gain some weight. If youre going to be a big restaurant cheese you have to look like me, not like you. Thank you very much, my friend. Be well. Good luck with all of this. We have a lot more coming up including monitoring Governor Cuomo in new york, by the way he tested negative for the coronavirus. They had the swab test yesterday for him in new york. Now indicating you know what . He wants sports coming back. The question is, when . After this. Neil as the dow continues to soar now in and out of session highs, up 866 points. A lot of talk about this potential vaccine moderna is working on. A lot of people are paying attention to dismissing concerns at least today we had last week that ourselves and chinese are going into a new trade war, if not worse because of our accusations theyre not doing enough on the coronavirus. To date china may be trying to put that to rest by pledging two Million Dollars to help fight the virus across the globe. A little bit more nuanced than that. Edward lawrence with more on that. Hey, edward. Reporter a little more nuanced. Chinese president , chinese leader, president xi xinping says the world should investigate the origins where the coronavirus came but only after the effe