Skip to main content

tv   After the Bell  FOX Business  May 20, 2020 4:00pm-5:00pm EDT

4:00 pm
young, two billion dollarville fund. [closing bell rings] liz: for now we're jumping all over the closing bell with green on the screen. the dow closings up 368. s&p gaining 48. melissa: all right. we love it. recovery hopes sparking a rally on wall street as president trump prepares to sit down with the governors of arkansas and kansas. i'm melissa francis. connell: i'm connell mcshane. good to be here with you on "after the bell." major averages surging into the close up more than 1 1/2% or more. 2% plus in the case of nasdaq. the headline, at least, partial reopening for all 50 states when it comes to their economies, all 50, now at least partially reopened. we'll cover it all with fox business team coverage of our top stories. blake burman has the latest from the president. lauren simonetti watching that market action for us.
4:01 pm
edward lawrence will have airline news in a minute. but, lauren, we start with you. lauren: all right. well the good news today, guys the rally we saw all day held into the close. look at that, the dow up 1 1/2%. the nasdaq up 2.1%. i will give you three major regions for the rally today, you touched on some of them. all 50 states eased their lockdown restrictions. the fed. we got the minutes. they are discussing ways to provide even more support to the economy. and tech, once again in the driver's seat. take a look at amazon and facebook shares. they did hit record highs. did they close at record highs? facebook, yes that is a record high. amazon, oh so close. facebook though, they announced a new on line marketplace that can compete with amazon and others. that is why you see a 13-dollar gain for the stock. dow positive for the month of may. nasdaq and s&p 500, leadership was broad. again it was in energy, financials and materials.
4:02 pm
much of the power behind the rally that we saw on monday. as states reopen, look at that, travel, leisure stocks surged including casinos, hotels and airlines. mgm is up 9%. they said they will start testing that are workers. guess what? automakers are testing that are workers. some of them, including ford, had to shut down recently-opened plants. ford shut down the dearborn, michigan, plant after a worker tested for coronavirus. they plan to reopen the plant tonight. they closed another plant in chicago for another reason. that plant was shut yesterday as well. look at this. ford shares up 3 1/2%. i guess this is the new reality, right? despite a stellar day overall, stocks weakened a bit of a the senate passed a bill to increase oversight over chinese companies that list here. might ultimately ban some of
4:03 pm
them listing here. actually up on the news. lowe's, target, struggled on retail earnings on stores that actually grew during coronavirus. online sales surged 80% for lowe's, 141% for target. it also cost the companies to stay open, stay safe, ship fast. target actually fell today. guys, back to you. connell: lauren, thank you. let's get the latest white house news now as we await the president's meeting with those governors. plenty more for blake burman to report on. blake? >> hi, there, connell. at the white house we heard from press secretary kayleigh mcenany briefing the press and had a tough time explaining a series of tweets the president sent throughout the day as he suggested that he would withhold funds to states that he believed are engaging in excessive mail-in voting practices, specifically the president zeroing in on nevada but especially on the state of michigan.
4:04 pm
for example, a little while ago this, was one of the tweets that president trump sent out, quote, michigan sends absentee ballot applications to 7.7 million ahead of primary and this was done illegally and without authorization by a rogue secretary of state. i will ask to withhold funding to michigan if they want to go down this voter fraud path. white house not saying what the president believes is illegal about that. what funds the president and white house believes could be held. kayleigh mcenany tried to make the case this was a campaign issue, she couldn't talk about it from the white house podium. listen to part of her response just a little while ago. >> i won't get into exactly what the funding considerations are. i would note that his tweets were meant to alert secretary mnuchin and mr. voght, head of omb, about his concerns with trillions of dollars going to these states.
4:05 pm
reporter: of course russ vought and steve mnuchin work at the pleasure of the president and speak to the president. mcenany said russ vought was in the oval office today. asked why the tweets needed to get to his attention, she tried to make this a case this was matter of transparency. we heard from nancy pelosi, the house speaker on this matter, she believes this is health issue, mail-in voting as it relates to covid-19. by the way, meeting at white house between president trump and two more governors, the democratic governor of kansas and republican governor of arkansas. that meeting expected to take place at any moment now. connell, melissa, back to you. connell: blake, thank you. blake burman. melissa: here now to discuss all of this is bill mcgurn from the "wall street journal." he is also a fox news contributor. so, bill, it is interesting, as you look at all the headlines as they flew by just now president trump and various governors talking about reopening, it seems like in some ways he is
4:06 pm
become both cheerleader and maybe flogge are in chief, handing over specifics to them as he ushers the nation back into reopening but a lot of ways he has given them the control, maybe as it should be to kind of open their states. you look how it is going, encourage some, scold others, is that a good position for him to be in. >> i don't think he has much choice in the sense it is their power under our federal system. i think that is largely a good thing. i think there is much more danger in one size fits all. if you're reopening in iowa it is probably different than if you're reopening in manhattan, depending on the stage of the disease and so forth. i do think that, again, even outside of president trump
4:07 pm
getting a lot of attention what he says on governors i think bigger effect is on the governors, the ones that open up they don't have a problems people feared there is lot more pressure on guys to open up if they don't do so. i think americans are bursting to get back to work. i think it will be hard to keep catastrophes some people predicted to keep people getting back to their jobs. melissa: you are brilliant, you jumped ahead right to my next point. i was thinking, we have seen texas and florida start to open up amongst other places. >> right. melissa: we have seen good data so far from those places and as we said, you know, he or she is brave enough to go first will be watched by everyone, if it is successful we'll all leap in behind them. if not, lo and behold we heard in the last hour, charlie gasparino breaking the news, saying big banks on wall street are now saying they are going to bring their workers back into
4:08 pm
new york, not all of them but those who are coming back to the office and are eager to get their first, they will begin the process, sooner rather than later. they had been talking about late summer and fall. now they're saying we will begin to reopen the doors in june and july. so in fact, it does seem like it is going better than expected at least on the reopening front. that does put pressure on more places to open up and, you know, gives the president's, you know cheer to move forward and get people back to work more oomph. your thoughts? >> when you said before the president is sort of the cheerleader, we all should be cheerleader. i want what every people try in the states to work. i don't want americans to get sick and die and i would prefer if the people that do the least that it works shows us that the risk isn't as high but i want everyone to work. the president should be cheering for people, should be rooting for people to succeed.
4:09 pm
we should all do that. one thing i think that is always been miscapped is this idea of lives versus economic gain and it is such a false dichotomy because you can't save lives and keep an economy shut down. you just can't do it. we talk about how to help companies that are struggling. there are different things we can do in the short term but there is no substitute for letting these companies get back to work and hire people and create wealth. and, give people the dignity of their jobs. melissa: well, secretary azar agrees with you, and he said i think it was two days ago, it was well-put, it was health versus health, not health versus money. there are tremendous health risks connected with the idea of an economy shut down, people losing jobs, people going hungry. all of the negative health effects of an economy that is in a depression, that is right there. he is balancing the health on
4:10 pm
one side against the health of the other side. if you think you can't really talk about money. when the president, we should all be cheerleading, sometimes when he is cheering, people say he is being reckless, that he is encouraging people to get out there and risk their lives. you know, how do you respond to that, real quick, before we go? >> two points. one is, ron desantis was pilloried for opening up as though he didn't care about the lives of citizens of his state, look how it turned out. he concentrated on the vulnerable. i think that leads to the second part of what you're saying. it is always posed in black and white, lives versus the economy and the real question is how you reopen. businesses not only have to reopen if they want people to go to work there they have to persuade them that it is safe. no business wants to see its employees getting sick. can you imagine the problems that would have for that? we ought to may more earnings to
4:11 pm
the how questions. it is not an either/or. if you open you do, impose some conditions and so forth. that is how places like hong kong from the beginning kept their economy open but they have all sorts of safety measures in place. melissa: bill mcgurn, i love you. you're so smart. thank you so much. connell. >> thanks, melissa. connell: melissa and bill, thank you. we, a real fight for survival at least in a business sense. there is an airline industry group, called airlines for america, that says unemployment in that industry will be 15% by the end of this year. this as the treasury department has yet to dispurse any of the $46 billion in funds that have been allotted to airlines. let's go live to edward lawrence in washington with more details on all this. edward? reporter: yeah the reason, you pointed out the reason the airlines need help is because no one is traveling. that association, industry group, airlines for america, says that the passenger planes
4:12 pm
in the u.s. fleet, 50% of them sat idle for the seven days from last sunday. now that is because demand, nonexistent. that demand means that the aerial lines are dealing right now with a 74% reduction in flights that are going domestically and 93% reduction in flights internationally. the cares act designed to help some of the bottom line. none of the $46 billion as you pointed out in bailout money has been distributed. but most of the 25 billion set aside for passenger air carriers under the payroll support program is in the hands of airlines. a senior treasury official telling me they wanted to focus on that program first because it paid for employees to stay on the job. now the ceo of delta says, all of this money will mean all major us air carriers will survive this. >> international we are seeing some airlines going out of business but in the u.s. i give primary credit to the president, the administration, leaders on
4:13 pm
the hill. they were able to pass the cares act and within the airline industry and payroll support program. so as an industry we received $25 billion to keep our employees in place for the next six months through the end of september 30th. reporter: on october 1st, there which will be layoffs. industry expert estimate as third of that sector without jobs. depends on demand and how deep those cuts go. the delta ceo says there will be restructuring of these companies going forward. he believes, as the feeling is, the vacation travel will come back first. then the real moneymaker, the business travel will follow after that. back to you. connell: all right. edward lawrence live for us in washington. melissa? melissa: reopening the u.s. economy. all 50 states are now allowing non-essential businesses to operate in some capacity and the majority of states are allowing retail stores to reopen with
4:14 pm
capacity limits or curbside pickup but is it enough to lure local customers back? we're going to talk to one small business owner about his fight to stay afloat. plus adapting to a new normal. school closures impacting at least 98,000 public schools and 34,000 private schools across the u.s. with only two states, montana and wyoming, that didn't close for the remainder of the academic year. wow. so is this the future of education? we'll talk to one superintendent of public schools about a path forward for students and how one university is going against the grain. we'll be right back.
4:15 pm
4:16 pm
4:17 pm
4:18 pm
♪. melissa: the push to get back in the classroom while some closed universities are leery what is in store for the fall. the university of notre dame announces return of in-person classes for earlier start to the fall semester. this is becoming a trend. grady trimble is in south bend, indiana, with the details. grady? reporter: melissa, we don't know when the fighting irish football team will hit the gridiron again but we do know students will
4:19 pm
return to the campus august 10. that is two weeks earlier before the semester was supposed to start so it wraps up before thanksgiving. when students get there there will be changes in place. testing protocols and dorms and other facilities for those who test positive for the coronavirus. there will also be mask requirements and a contact tracing plan in place. there are not too many students on campus today. i talked to a couple of them. they told me, look, we adapted to the online learning thing but we really prefer in-person classes. >> it is a hassle, but part of what we should do to make sure everyone stays safe and healthy. >> i've never done online before. i would much rather prefer in class experience. so a lot more personal. reporter: and here's a look at some of the other universities resuming in-person classes. the university of south carolina, university of north carolina, rice university in texas as well as another indiana university, purdue.
4:20 pm
that decision to resume classes in person as much a financial one as it is the academic one. enrollment analysts, analysts expect a 15% decline in enrollment. that would result $23 lal lar loss revenue across universities in the united states. universities and colleges generate more money when the students are on campus. they make more money on things like room and board. they don't have to worry about students asking for a partial refund because they're only able to take classes online which obviously something we've seen this semester. melissa? melissa: no. we're seeing it with private schools here in new york as well because now is the time you have to pay for the fall. they're saying we are going to come back and we might come back early, because they want to make sure, you feel like they're worthy of your money. grady, thank you. appreciate it. connell.
4:21 pm
reporter: yeah. connell: all right. that covers college. let's talk about a little bit about k through 12 now. the governor of new york, andrew cuomo is still unsure what will happen to the schools in this state in the fall. we're joined by the superintendent of schools in the white plains city school district in westchester county, new york, just north of the new york city city limits. you have to wait for the governor. you must be preparing a number of contingencies in the fall. give me an example what you're talking about in your meetings? >> connell, great to be with you. big thank you to all the parents and guardians working through this challenge. we're working really hard. we have to plan for a lot of unfence but i will tell you when coming back toward the fall, looking to the fall we want our kids back. we know it will look different. we know we make adjustments how we operate but we need to get back in the classroom. connell: okay. so in-person is priority obviously for you. is that k through 12?
4:22 pm
is it more likely, younger, older, how do you look at that? and then you have to prepare for something different. what will be the most, the biggest difference people notice once students come back in the fall? >> i think depending on what we're facing in terms of numbers of folks who are sick and where we are in the phasing process in terms of we're open, whether or not we come back face-to-face with all of our students and sort of attend to how the profit of schooling works, in terms of physical distancing, hand washing, making sure we're tracking, tracing, when we have students who are ill or staff members who are ill, those are some of the steps we can take. if we have a spike illness, we have to move back to remote learning scenario. we are trying to plan for number of contingencies depending on what the landscape looks like moving forward. connell: ready to go remote learning, i would assume pretty much right away. it was forced upon you this
4:23 pm
year. if it gets forced upon you next year what have you learned? what type of adjustments might you make to the online learning with the learning process you have gone through the end of this year? i think for example, about assessments which is difficult, especially put a pass-fail system in place. i assume you don't want that for next year. you want to give students some incentive and some way of assessing students, have you thought about that? >> we have and we know we have various modes of learning opportunities for kids, synchronous, real person, in time, video opportunities. we have to provide different types of assessments for children through remote learning platforms. listen, 6-year-olds will be approaching this a lot differently than 18-year-olds. in the the k-12 sector we have to have a lot of different variables. connell: trying to get kindergartner to wear a mask
4:24 pm
seems unrealistic. how do you think about things like that, differentiating on the age groups of k through 12? >> sure. big challenges, right. kindergarten classroom by very nature is not typically distance place. students are cooperatively learning. they're working together in centers. they're working closely with teachers. we'll have to put steps in place to try to reduce that in terms of spacing. we'll have to make sure we're not sharing manipulatives as we normally would. washing hand as lot. all those things in terms of younger students will be a challenge because they're not used to that. connell: one quick question i will squeeze in. what are school or fact cut members uncomfortable to come back and you made the decision to come back, how will you handle that question. >> we're expecting that. first thing we attend to with our children and faculty the staff members is the social, emotional side of this. people have gone through a lot of trauma.
4:25 pm
that we are welcoming back and feel safe coming back. making sure we're communicating effectively is critical. connell: quickly, you will have alternate plan in place? >> we're going to have to have an alternate plan. we'll work with them depending where they're at. connell: dr. joseph, in white plains. good luck with everything over the summer. hopefully we'll see everybody back in the fall. melissa. melissa: historic flooding in michigan is forcing thousands of people to evacuate as the governor warns one city could be under nine feet of water. plus we're awaiting president trump's meeting with the governors of arkansas and kansas. we will bring you straight to the white house as soon as it begins. you wouldn't accept an incomplete job from anyone else.
4:26 pm
why accept it from your allergy pills? flonase sensimist. nothing stronger. nothing gentler. nothing lasts longer. flonase sensimist. 24 hour non-drowsy allergy relief and people you can rely on. i'm a dell technologies advisor. me too. me too. me too. and if you're a small business, we're with you. we are with you. we're with you. we want to help. so we'll be right here. at home. answering your calls. providing support. and standing by you every step of the way. bye bye.
4:27 pm
4:28 pm
4:29 pm
melissa: in michigan thousands
4:30 pm
forces to leave their homes after two dams collapsed causing catastrophic flooding. reporter: wish the sunshine was out i tell people of midland, michigan, that it is getting better but the river is on the way up. it should hit 38 feet sometime before 11 tonight. that is 14 feet above flood stage. the cause is lot of rain came in over the weekend that piled up on the eden's dam according to national weather service suffered a catastrophic failure and sent down to the sanford dam which was overtopped. they can't tell the shape of that dam. all that water went through the river that flowed in the center of midland. 10,000 people need to evacuate in the middle of a pandemic. >> hard to believe we're in the midst of 100 year crisis a global pandemic, and that we're also dealing with a flooding event that looks to be the worst
4:31 pm
in 500 years. but you know what? here is what i know, when the chips are down the people of michigan are able to rise up. reporter: midland saw record flooding back in 1986. that was called the 100 year event. this flood is expected to be about four 1/2 feet higher than that. why you have the governor calling it the 500 year event. >> this is just surreal. yeah, it is devastation up north, a little -- >> 38 feet of water moving is dangerous, and so when people's houses and lives are at stake, it is just crazy to think about. nothing that you can imagine without seeing it in person. reporter: the president weighed in over twitter saying my team is closely monitoring the flooding in central michigan. stay safe. listen to the local officials. our brave first-responders are once again stepping up to help their fellow citizens. thousands have left their homes.
4:32 pm
most have been able to fall back on friends and relatives. about 300 showed up in shelters. they were all screened for coronavirus symptoms. melissa? melissa: mike, thank you. connell? connell: now to big tech and the fight against the virus. apple and google releasing first phase of contact tracing software today. users can access the exposure notification system through publicly available updates. now this system allows people to receive alerts on their phones, letting them know if they have been exposed to somebody that tested positive for covid-19. now public health agencies can start deploying apps that make use of the exposure notification worldwide. melissa? melissa: the future of travel. united airlines is rolling out series of changes both on the ground and in the air, in partnership with a major cleaning brand but is it enough to reassure travelers?
4:33 pm
plus we're awaiting remarks from the president alongside the kansas and arkansas governors. we'll bring you any breaking headlines from the white house this hour. take a look at this, seaworld orlando is conducting dozens of test runs of its mako coaster with social distancing measures with masks in place as florida theme parks prepare to reopen, the owner of the midway mayhem park says the coaster ran for about an hour, none of the masks flu flew off. how is that possible? like it's supposed to. once weekly trulicity is for type 2 diabetes. it's not insulin. it starts acting from the first dose. and it lowers risk of heart attack, stroke, or death in people with known heart disease or multiple risk factors. trulicity isn't for people with type 1 diabetes
4:34 pm
or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity.
4:35 pm
4:36 pm
4:37 pm
♪. connell: a match made in the sky. united airlines is partnering with clorox on its cleaning initiatives amid the global pandemic, something jeff flock has been looking into live in chicago with more. jeff? reporter: they will spray everybody with clorox -- no they are not going to do that. that would be silly. but they are partnering with clorox and the cleveland clinic to get latest on sanitizing wisdom from the clinic and use of clorox products to help sanitize the aircraft. ceo scott kirby, announcing a new initiative, called, united clean plus. in addition to sanitizing, touchless bag check-in, not touching anything, sneeze guards
4:38 pm
at check-ins, mandatory masks for crew and passengers and use of electrostatic spraying, the machines that fog everything pretty much. united says if the flight is 70% full, they will allow you to not take it, change your flight without penalty. meantime at delta they will not book any flights more than 60% of capacity. the, ceo of delta, ed bastion on the fox business network talking to maria bartiromo saying that he also expects to increase the schedule this summer, 200 to 300 additional flights. he also says we need to get this economy open because we need to give travelers a place to go. listen. oops. i'm so sorry. i forgot, i was supposed to tell you what ed bastion said. that is what he said. don't have, used the thing last hour. silly me.
4:39 pm
i'm getting old, what can i say, connell. he did also say 12 to 18 months before there is serious recovery in the airline industry. my apologies for that. connell: oh, come on, you're fine with us, mr. flock. good use of the word oops in the middle of the report. reporter: that is never good. never good. connell: young reporters can learn from jeff flock. good to see you, jeff. we'll see you soon. melissa. melissa: we love jeff flock. could this be the future of post-pandemic air travel? jsx is a hop on jet service that operates regionally between california and then it hits up las vegas, also goes to spots in arizona. it is offering a semiprivate jet experience for as low as $89 each way. here now to explain how that is possible, is the company's ceo alex wilcox. thanks for joining us. i want to understand the basic service. you run a jet that con
4:40 pm
comfortably seat 30 people, not at full capacity. are people spaced out? tell me how it works. >> jsx, we're in our fifth year of operation, melissa, and we fly airplanes designed for 50 passengers but we only had 39 to begin with. we were social distancing on board before it was even cool. jsx partly because of that, but mostly because of the convenience we offer at airports, probably the most loved air carrier in its market, certainly, very, very -- before all this happened. the key besides the space on airplanes the speed which we get you through the airport. you can show up just 20 minutes before the flight on jsx. practically like a private jet. show up, check in, go. there is very rigorous security screening process which has been enhanced due to the current covid situation which i'm happy to tell you about. but with new enhanced procedures we can get you from the car on to the airplane in 20 minutes or
4:41 pm
less. that i think is the other big thing, you're not folk to be dwelling around a massive airline terminal. you know, with hundreds of thousands of other people, taking shoes off, putting them in bins all the stuff that goes with typical commercial travel. melissa: can i ask you, it sounds like you're a regional shuttle service but you're operating like a private plane company. and you're charging prices like a regional shuttle service. i would ask you kind of how you get away with that? because it seems like, while i would love it as a customer, that maybe it is bending some rules? >> oh, not at all. there is a bright line between an air carrier and an airline. that line happens to be 30 seats. if you're flying fewer than 30 seats you can fly under public charter in 135 rules. if you more than 30 seats in airplane, you are an airline and have to use terminal. you have restrictions, only fly
4:42 pm
to airports that have tsa and all other acoutriments of major service. we can access 2,000 airports with our style of operation. we fly typically used public charter rules. called public charter rules. 135, part three of the regulations. we're obviously blessed by the d.o.t. and faa we work closely with tsa. we don't use the checkpoints but inspectors are frequently at our locations. in fact we helped them analyze certain security systems including what we just rolled out. in fact just announced today first to roll out system wide. it is called safe point tsa and tm-2. used to use it only for weapons screening. completely passive. will detect any weapon within 3 feet of device and walk through magnetometer. if you defeat in 30 seconds you walk through it, you're home free. melissa: i don't want to run out of time before i ask you, it doesn't seem like you could do
4:43 pm
this for $89 each way. are you making money at 89 bucks a seat or do you have to raise prices time goes on? i'm not saying i would love for to you stay in business, it sounds fantastic, it seems like worth more than 89 bucks. >> we doubled revenue of business four years running. $89 is the low fare. fares can be up to 4 or $500. only 30 or $40 more than the major air competitors. like them we also have slow days, tuesdays and saturdays. wrong direction. friday night leaving vegas instead of going to vegas. where we offer the low fares. a couple hundred bucks is average price point. 200, to $250 each way. melissa: that's amazing. i hope you come to the east coast soon, alex. thank you very much. good stuff. connell? you're planning too, good. connell: new normal, coming to east coast. we have local business owners
4:44 pm
who have been it tooing to stay afloat. this is especially true in state has rely on tourism for revenue. we'll talk to a restaurant owner louisiana about the path forward. that is coming up next. president trump meeting with the governors of arkansas and kansas. that meeting is taking place right now at the white house. we'll bring you the president's comments as soon as we have them. so stick around. ♪ ♪
4:45 pm
confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours at
4:46 pm
gimme two minutes. possible eligible for medicare.nal. and i'll tell you some important things to know about medicare. first, it doesn't pay for everything. say this pizza... [mmm pizza...] is your part b medical expenses. this much - about 80 percent... medicare will pay for. what's left... this slice here... well... that's on you. and that's where an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company comes in. this type of plan helps pay some of what medicare doesn't. and these are the only plans to carry the aarp endorsement. that's because they meet their high standards of quality and service. wanna learn more? it's easy. call unitedhealthcare insurance company now and ask... for this free decision guide. inside you'll find the range of aarp medicare supplement plans and their rates.
4:47 pm
apply any time, too. oh. speaking of time... about a little over half way and there's more to tell. like, how... with this type of plan, you'll have the freedom to choose any doctor who accepts medicare patients. great for staying with the one you know... or finding... somebody new, like a specialist. there are no networks and no referrals needed. none. and when you travel, your plan will go with you anywhere in the country. so, if you're in another state visiting the grandkids, stay awhile... enjoy... and know that you'll still be able to see any doctor who accepts medicare patients. so call unitedhealthcare today. they are committed to being there for you. tick, tick, tick, time for a wrap up. a medicare supplement plan helps pay some of what medicare doesn't. you know, the pizza slice. it allows you to choose any doctor, who accepts medicare patients... and these are the only plans of their kind endorsed by aarp. whew!
4:48 pm
call unitedhealthcare today and ask for this free decision guide. connell: people coming back to their favorite eateries across the country. restaurants are left to adjust to a new normal. that is double-whammy for businesses in areas that rely on tourism. we're joined by the state of louisiana by drago's seafood restaurant owner. tommy, good to see you. talk about the state there in terms of tourism and when that comes back in a moment but i think they're phase one, right in louisiana? if i have it right, you're reopening these restaurants maybe 25% capacity. how did you get to this point? how did the slow reopening been going so far. >> well it is difficult. we are in a situation where we're, you know, we're designed to be a full restaurant.
4:49 pm
we're designed like this restaurant in particular, well over 1000 customers a day. today we're serving between 2 and 300 customers a day. so that is a big whammy. we're doing what it takes to make customers happy, doing it curbside. in middle of parking lot in suburban metarie, louisiana, i have tables people are sitting out. we have been lucky so far. mother nature is nice to us. the tables are full and comfortable. it has been a comfortable experience for our customers. connell: that allows you to get number up a little bit. normally you have a 1000 people. what do you need to make money? what is the point to make money, how many people? >> we need to have better than 500 people a day, five, 600 people a day to start making money in this restaurant. our restaurant is kind of a unique. we have a little higher food costs than most. obviously only way you beat that with numbers.
4:50 pm
it is very difficult when we're limited to 25 people, i'm sorry, 25% occupancy in our restaurants. connell: you have got to at least get to a phase where you are getting 50% or little bit more than that, making money. i started by asking you how you got to this point. you have, how many drago's are there? five? and how have you been able to manage all of the restaurants through this? do you think they will all survive? >> we're hoping, you know. people in louisiana are tough. we're tough. we do a really good job of running, cooking oysters and serving louisiana seafood. we have a great product. we understand hospitality. it will be difficult but i'm very confident we have a great staff and we're going to do it, we're going to come back. i have two out of five restaurants are closed. our largest restaurant at new orleans hilton at new orleans. that is currently closed, probably scheduled to reopen in mid-june. we have a restaurant in jackson,
4:51 pm
mississippi currently closed. we hope to open that in next two or three years. our three other restaurants, lafayette, metarie and they're open, doing 60% less than normally do. you have to crawl, before you can walk, before you can run. we're at 25%. our city and our state will show our governor that we're doing well. our numbers are constantly going down. so our numbers are looking much, much better as far as people in the hospital and people on ventilators. those are good signs that we have. i'm hoping in the next two weeks our governor will bring us up to 50%. soon after that, we're going even higher and, we'll be open for full business. at that point, we'll wait to see what the new normal is looking like. i'm hoping it gets back to the old normal. connell: what do you look for in new orleans in particular? you mentioned tourism a few minutes ago. do tourists come back to new orleans? what metric are you -- new orleans hilton? >> we're going to open that as
4:52 pm
soon as that hotel opens up, we'll open up that restaurant the same day. the metrics that you have to look at obviously are the people coming in, the conventions, the meetings. the weekend people that are driving. the drive-in business. business that we have flying in for meetings. it is just locals to go out. our locals have to get comfortable with the safety features we're all putting in. they have to be comfortable. it is a combination of a lot of things that we have to put together, to make sure we get it right. let me tell you, new orleans, and louisiana, for that matter. we have to get this right. the last thing we need is to become a hot spot again. that is not going to happen. all of our local elected officials are going out of their way to err on the side of caution. we'll make sure we get this right. new orleans will be that fun place to come, that very tastety place to come. nobody does hospitality better than new orleans and louisiana. we're getting ready. we'll be as good or better than we ever been before. connell: we hope to join you
4:53 pm
down there in person in the not-too-distant future. tommy, wish you nothing but the best there with drago's. >> we have oysters waiting for you. connell: sounds good, sounds great in fact. melissa. melissa: demanding answers. a growing number of lawmakers are calling for an investigation into the way some of the hardest hit states handled the outbreak in nursing homes. president trump meeting with governors of kansas and arkansas at the white house. we're getting headlines from that meeting. the president says his relationship with the governors is strong, again predicting a strong fourth quarter. adding that he also spoke to michigan's governor and will visit the state at the appropriate time amid the catastrophic flooding. we'll bring you straight to the white house just as soon as we get those remarks.
4:54 pm
♪ (announcer) reliability is everything. so, if your network's down, you're down. verizon knows your customers need to reach you seamlessly. your team needs to work from different places across many devices. plus, you want the security trusted by some of the largest companies in the world. and that's why you trust us. the most reliable network in america.
4:55 pm
4:56 pm
4:57 pm
♪ ♪ melissa: increasing calls in new
4:58 pm
york and new jersey for independent investigations into the deadly coronavirus outbreaks in nursing homes. fox news' bryan llenas is live now outside a nursing home in queens, new york, with more on this story. bryan? >> reporter: melissa, nearly 6,000 people have died in new york's nursing homes from covid-19, that's the most in the nation, and now there is an increasing call, bipartisan, of legislators here in this state calling for an independent investigation into whether or not the state's policies led to needless deaths in these nursing homes. >> what the state should have done is make sure that nursing homes had the staffing and the funding to make sure that covid-positive patients were separated from the rest of the population. and treated appropriately. and that really did not happen. >> reporter: above andrew cuomo is facing criticism for a
4:59 pm
policy in march rescinded earlier this month that forced nursing homes to accept covid-19 patients. cuomo said the state was following cdc guidelines. he's facing questions as to why long-term care centers were not prioritized earlier. in new jersey 15 republican state senators called for the formation of a select committee to address a similar direct i by governor phil murphy. quote: it's unfathomable that the government would prevent patients from being tested. melissa? melissa: bryan llenas, thank thu for that report. and thank you for watching. that does it for us here on "after the bell." we have a market up 369 points. "lou dobbs tonight" starts right now. ♪ ♪
5:00 pm
♪ ♪ lou: good evening, everybody. breaking news tonight, the supreme court has handed another major legal victory to president trump and a setback to the radical dems. the supreme court has telephoned the radical -- denied the radical dems on the house judiciary committee access to redacted grand jury materials from special come robert mueller's -- counsel robert mueller's fraudulent russia investigation. the radical dems had told the supreme court, if you can imagine, that they need those materials to determine whether there was any new evidence of impeachable offenses by president trump. the finding of the special counsel was that there


info Stream Only

Uploaded by TV Archive on