Transcripts For FOXNEWSW Your World With Neil Cavuto 2020032

FOXNEWSW Your World With Neil Cavuto March 25, 2020

Could get delayed. Not necessarily denied. Whats happening . Good afternoon to you. The largest ever stimulus package came together after days of roundtheclock negotiations culminating in a deal overnight last night in the Early Morning hours. Senators are saying they caught an issue that they want fixed. If you are unemployed, you could get up to 326, you get half your income. 600 wage now becomes 300. What the federal government does is put 600 on top of that 300. Instead of making 600 when you are working, you are now making 900 not working. The 2 trillion package includes 130 billion 350 billion for Small Businesses. Four months of unemployment insurance. And for Many American families, 1200 for adults, 500 per child. Majority leader Mitch Mcconnell realized the need to get this done. No Economic Policy could fully end of the hardship so long as the Public Health requires that we put so much of our nations commerce on ice. This is not even a stimulus package. It is emergency relief. Chuck schumer says it was worth the wait. We can now call it a bill that puts workers first, not corporations. It has a Marshall Plan for hospitals and accountability, transparency, and watchdogs over much of the lending that is in this bill. Mitch mcconnell has been saying that he wants the senate to vote today. We will see if we can work out the bumps on the road. Assuming it happens at some point later tonight, the house could vote as early as tomorrow or perhaps it would slip till friday, neil. Neil thank you very, very much. John roberts ahead of briefing we are going to get from the president and his Health Officials in about an hour. 5 00 this afternoon the Coronavirus Task force will be that off by the president. Relief earlier today, neil, the democrats and republicans have finally come to an agreement on this bill later than the president would have liked. These bumps on the road that mike emanuel was talking about just a second ago may lead to further delay which would not please love white house. As of this morning, the press secretary was optimistic that this week it done. Speak to their president has been very active in this process. Hes well aware of what is in it. He has been pushing for congress to do the right thing and help the american people. We are really looking forward to this boat so that he can sign it until law. The sticky point had been this idea of oversight and how the money that was given to corporations would be used and whether they would be restrictions on edge. There president himself said last week that he didnt think that that money should be used for things like stock buybacks or increased compensations for executives. Bernie sanders now threatening to put a hold on the bill unless there are increased restrictions on how corporations use the money that is if senators do not drop their objections to it. The president insists that there will be robust oversight in this fiscal stimulus. Listen to what he said yesterday. President trump very tough protections for the american taxpayer. The loans will be very secure, and they will be very profitab profitable. You could add one more voice to people who are not happy with this bill, but for different reason. New York Governor Andrew Cuomo has 30,000 cases of coronavirus in his state. New york city, one in 1,000 people are infected. He said theres not enough money for him. Okay, heres the package that gives a 3. 8 billion. The hold is as high as 15 billion. How do you plug a 15 billion old with 3. 8 billion . You dont. So the white house is still optimistic that this is going to get done. Later on today. Then it will go to the house, of course, where nancy pelosi has made it clear that she thinks a lot of things like tax breaks for wind and solar energy and decreased Greenhouse Gas emissions for airlines and sameday Voter Registration should be part of the whole package. So that could be a whole other kettle of fish when it lands on her desk, neil. Neil and here we go. He john roberts, thank you very, very much. Senator, do you worry this thing could be unraveling . We have got to take care of the american worker. I have not seen a draft of the bill yet. Ive not seen the text yet. I got a briefing a little earlier about the unemployment. A big proponent of using the state unemployment system what i want to do is make sure it works. Ours works in florida. When i left, there is billion dollars in the bank. The existing provision we found today you could be paid more money to be on unemployment than having a job. Once we get past this virus, we want everybody to rush back to these jobs and rebuild these businesses. If our businesses cant get their employees back because of the incentives, thats not going to get the economy going again. We have to get the economy going again. Neil you know Bernie Sanders has threatened that if you or your republican colleagues try to unravel this in the legislation quoting here, senator i am prepared to put a hold on this bill until stronger conditions are imposed on the 500 billion corporate welfare fund. This could get pretty dicey, right . I think, neil, people want to make sure we are helping our Small Businesses and helping the people that have lost their jobs. We have to do it the right way. So that we get the economy going again. I think the president has been very clear. We have to wonder, do with the coronavirus and thats what we are doing. Once we have that under control, we have to get this economy going again. In my case, im very focused on how we stop the virus, how we stop the spread and how we get all of these businesses open again. I dont want to do something thats going to create the opposite effect. Neil but what he is saying, senator that is Bernie Sanders. You even attempt to do so, hes going to put a hold on it. Can want senator do that . It depends. It depends on how they try to pass look. I believe that people want to do the right thing, here. Others believe that people understand that we should not create an incentive where people create more do not work then work. None of us i dont know anyone that believes that you get paid i can imagine people dont want to fix this. Neil theres been some some debate over the president s hopes that as soon as eight exterior a few weeks from now. We could start unwinding these at home closed restaurants and shops and provisions or at least start that process. How do you feel about that . First off, im glad that president has the goal. I put up my 30 day plan. Its really up to the american public. We can starve this virus if we stay home and make sure the virus stay home if you can. If you are positive if you take a test and you are positive, you got to do 14 days of quarantine. If we do that, i believe we ought to do some other things. We had to give people a break and not have to pay their you know, their mortgages, the rent, car payment for 60 days. If we serve this virus, and we give robust testing, then i think we are going to open whether it is 30 days or 40 days or 45 days or more, its up to us. The more that we can control what we do every day each one of us, all americans to stop this virus from spreading, then we will get back to work. Neil all right, we will watch very closely. Senator, thank you very, very much. Florida senator rick scott. The advances at the corner of wall and rod today, the dow up to 500 points. It had been up north in 1200 points. This is still a great gain. A lot of it was chipped away late in the day when we got word that this stimulus package at least that the United States senate could have some bumps along the way. Susan li right now on i guess we will call it stock surged a 2. A 2. I guess day reports is the great depression. The first backtoback session of gain since early february before the Coronavirus Crisis began. Wall street is still hoping that the 2 trillion to him this plan will go through which will send checks to americans, extend and implement benefits and give those to Small Businesses. We get to see the likes of boeing rally as much as 37 to date with the sessions along with the airlines. They are seen as the main recipients of any government aid. Energy stocks are rising with the stock in oil prices. It wasnt all good news in the session. We saw yields on a shortterm treasury thats one month and three months go negative for the very first time in history. This is what we call bidding the short end of the curve as they call it. That means that most people are not optimistic on the economy peered into next month, in the next three months. We will see how bad things really are tomorrow morning 8 30 a. M. Jobless claims for the week. And we have predictions as high as 4 million unemployment. Those that are seeking benefits for the very first time. The average economist is looking for 1 million. Compare that to their previous record in 1982 were only 695 americans filed for jobless claims. Most are expecting this to be in the seven figures, neil. Neil just incredible. Widely anticipated but when you see that imprinted it will be a jaw dropper decision. Thank you very, very much. Those are for jobless claims. The number of americans applying for Unemployment Benefits bright and early tomorrow morning. You heard from a republican senator who is not too, too worried about what would happen in the United States senate. Now youre going to hear from a democrat. Because joe manchin is here and only here. And it looks like we are worried more about the economy that we are the health care and the wellbeing of the people of america. Dont have time for this. We dont have time for it. Answer my question. In what way with the democratic minority the majority the senator from West Virginia. As a struggling actor, i need all the breaks that i can get. At liberty butchemel. Cut. Liberty mu. Line . Cut. Liberty mutual customizes your Car Insurance so you only pay for what you need. Cut. Liberty m. Am i allowed to riff . What if i come out of the water . Liberty biberty. Cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. No no no no no, theres no space there maybe over here . Hot hot oven mitts oven mitts everythings stuck in the drawers im sorry oh, jeez. Hi. Kelly clarkson. Try wayfair oh, ok. Its going to help you, with all of. This yeah, here you go. Thank you oh, i like that one [ laugh ] thats a lot of storage perfect. Youre welcome i love it. How did you do all this . Wayfair speaking of dinner, whatre we eating, guys . Unlike ordinary wmemory supplementsr . Neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. Memory, focus, accuracy, learning, and concentration. Try neuriva for 30 days and see the difference. Here hold this. Follow that spud. [ tires screech ] the big idaho potato truck is touring america telling folks about idaho potatoes. And i want it back. What is it with you and that truck . It looks like we are worried more about the economy than a health care an end the wellbeing of the people of america. Senator, i understand even if it were in a vote, there are still 30 more hours. We know that. In what way, i would ask my friend from West Virginia, would your side be disadvantaged by that . Americans are waiting for us to ask today. Laid out very clearly as she always does. We dont have time for this. We dont have time for it. Let me ask you a question. Let me ask you a question. In what way with the democratic minority senator from West Virginia. Senator from West Virginia has the floor. Neil all right, you dont often see that, the normally genteel florida of the United States senate. About things are getting hot and heavy and not only between senator joe manchin a Mitch Mcconnell about between a number of other senators that were in each others faces. Lets get a sense of how things are going right now. Senator joe manchin joining us. Good to have you. Good to be with you, neil, how are you . Neil good. Have you and senator mcconnell talked since then, things calm down . They called out immediately right after that. The bottom line as mitch was saying, how could you not wait for another vote because you have 30 hours. First of all, you have 30 hours because someone objects. The senate and the house or the senate we dont object on the democrat side. Mostly it comes from the republic is on objections paired with that being said, i told him, he has control. You get on the first culture we go on the billing get on the bill. He has total control of the agenda. He can fill it with what he wants to. Then you get something jammed at you. We werent dealing a good faith. That was the problem. I wasnt going to move in that direction. I didnt want to go into that dialogue with him. Its getting in the weeds and we should have gone they appeared at the bottom line was, if we had been able to sit down and work out a bipartisan bill. Mitch should have never taken that vote that day. He took the boat and it was a political vote. Neil the bottom line is, you get another crack at it to your point, senator. Now theres concern. Bernie sanders said if republicans want the revision of the legislation especially the provisions for Unemployment Benefits that are extremely generous, hes going to table it or hold it. Apparently, he can do that. Where do you stand on this . The bottom line is, the way people are explaining though he understood th, and implement benefits, we are going to keep everybody hole. Whatever youre making up to a thousand dollars with a four month extension. If its more generous than that, is not what i understood. Well have to see where it falls. I think we can make this correction if it needs to be a correction, because the understanding was a person is no fault of their own lost a job if they lost a job. And basically business basically had to be shut down because how the virus that we have and health conditions. That person should be kept hole. And that is what we were talking about. That was our intent. That is what i thought we had in there. Neil all right. If it does get to be divisive issue keep in mind that in this latest week, we could have upwards depending on what numbers you believe, senator, 4 billion more americans applying for jobless benefits. You can kind of see the republicans point that this could get very, very expensive. Necessary, but expensive. Is there any middle ground on this . Heres the thing. The republicans were pushing very hard to make sure that everyone got a thousand dollars or 1200. I had concerns about that. As that of a person is still working, i hope they can get their job and paycheck. If a person is not working, we can keep them whole. Guess what . We end up doing both. We will keep them hole. The republicans want to send another 300 billion on top of that. Im not sure whatever. Right now in this meltdown that could happen and we dont want to happen. I said this is not a financial crisis. Its a health care crisis, but it will turn into financial crisis if we dont backstop it. So thats what we are trying to do, a 2fold purpose here. You can debate about the bridge. Is there a bridge too big . Is the bridge more than whats needed . That can be debated. I dont think a person should be making more unemployment and they were when they worked. It doesnt make to me. Neil are you worried real quickly senator about revisions in the house when it gets there . Nothing to do with the coronavirus and everything to do with maybe some political interests that could torpedo this thing there . You know, i think so, neil. That was more messaging on that side. This is not where we are going to be hashing out policies or energy. I have my differences. Im not forcing many other things in the house. With that said, thats where they were going to go. The bill that we are working as a senate bill. At the bill that i think well finally get through. Its been a lot of hard work and a lot of good people on both sides have worked in good faith as far as im not a bipartisan way. Im very hopefully that is where we are going to end up with. Some of these Little Things i miss interpretations or misunderstandings, we can work and i quickly peered most of the drafting has been done. Changes are not that hard to make. Neil all right, senator, we will watch what happens. Thank you very much, senator joe manchin of West Virginia. As the senator was speaking, we are getting some more reminders of how widespread these cases are getting to be globally. The u. S. Now represents 13. 5 of confirmed coronavirus cases. Both numbers are climbing exponentially. We will have more after this. I use rakuten to get cash back instore and online. Or anything i want to buy is going to be on rakuten. Rakuten is easy to use, free to sign up and its in over 3,000 stores. I buy a lot of makeup. Shampoo, conditioner. Books, food. Travel. Shoes. Stuff for my backyard. Anything from clothes to electronics. Workout gear. I even recently got cash back on domain hosting. You can buy tires. To me, rakuten is a great way to get cash back on anything you buy. Rack it up with rakuten, sign up today to get cash back on everything you buy. No, because on a sandwich,t no they ask you if you want cheese. But on a papadia, cheese is whats holding the whole operation together. Get one now for just six bucks. Better ingredients. Better pizza. Better than a sandwich. Papa johns. All strength we aint stoppin believe me go straight till the morning look like we wont wait were taking everything we wanted we can do it all strength no sweat neil a little while ago about negative Interest Rates. For a while we had and still do 1 of 3, uncle sam trading under water in other words, you have to pay your bank to hang onto your money. Now, it is just restricted to that end of the socalled yield curve. 1 to 3 month yield curve. Can you imagine . What do you do if you have a mortgage . Im taking a leap year, but a lot of it is built on concerns of what is happening with the coronavirus and place to park money. Today, it was benefiting that

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