david spika, good to see you. [closing bell rings] yeah, the dow and the s&p couldn't quite make it but the nasdaq looks to close higher by 39, 38 points. not bad to see a little green on the screen on this monday. that will do it for "the claman countdown." see you tomorrow. connell: wall street at this point gearing up for the next earnings season. as liz said, major averages closing off the lows of the session but for the dow, s&p, we're still down, coming off the best week for the s&p 500 in more than 45 years. that is where we are on a monday. good to be with you. i'm connell mcshane. melissa: i'm melissa francis. we're looking at the dow closing down better than 1%. this is "after the bell." let's get you to market live team coverage right now. blake burman has the latest from the white house. lauren simonetti is watching the markets and edward lawrence is in washington. let's kick it off with blake.

reporter: hi there, melissa, with all of this talk about the potential reopening of the economy maybe here in the upcoming weeks president trump took to twitter today to suggest he is the one who will have the ultimate say when and where that will happen. this was the tweet from the president earlier today. he wrote, quote, it is the decision of the president and for many good reasons, with that being said, the administration and i are working closely with the governors and this will continue. a decision by me in conjunction with the governors and input from others will be made shortly. however the constitution says that neither the president nor the congress has the authority to regulate for any authority rather, to regulate for health, safety, welfare or morality within a state. this afternoon new york's governor andrew cuomo said governors from the northeast would be working together to form a reopening plan in their area. >> each state is going to name a public health official for that

state, an economic development official for that date. study the data, study the research, study the experience of other countries and give us guidelines and parameters to go forward. reporter: as we await a briefing from president trump and members of the coronavirus task force, next hour at this white house the white house today is also defending dr. anthony fauci. over the weekend the president sent a retweet in which the original poster used the hashtag, fire fauci. a white house spokesperson says this media chatter is ridiculous. president trump is not firing dr. fauci. the white house goes on to say, quote, dr. fauci has been and remains a trusted advisor to president trump. there will be a lot of questions put to the president presumably when he steps into the briefing room about an hour from now. back to you. melissa: blake, thank you so much. let's head over to edward lawrence for the latest with what is going on with small

business. edward? reporter: melissa, the big banks have started to process through their loans in this program. now it is still largely led by community banks. we're talking about billions of dollars each day this is growing by. check out latest numbers here. so far $225 billion have been processed through the forgivable loans. we're talking about one million loans written by 4500 hending institutions. if you follow the math on this plan the program will used the entire funding of the cares act by next weekend. that is the reason the administration wants to break the stalemate in congress adding money to the program. >> i hope the democrats will come to their sense this is week. we put funding into hospitals into state and city governments for their responses to the virus in the same legislation a few weeks ago. unfortunately the only program at risk of running out of money are the small business loans. reporter: and so far there is no

deal but senate majority leader mitch mcconnell is speaking with senator chuck schumer for the democratic side. the republicans want to just change the numbers in the cares act that has already been passed. democrats want a new package that has more stuff added to it. >> most states, most hospitals, are seeing record shortfalls. we have should be doing both, providing support for our health systems and our states and providing supports for small business. i'm very hopeful we'll work this out within the next few days. reporter: treasury secretary steve mnuchin has been involved in the negotiations too. senate majority leader mitch mcconnell says he is prepared to come to have unanimous consent and change that number at any point this week. back to you. melissa: edward, thank you. connell? connell: let's, melissa, go back to the close on wall street. we say it was mostly lower day for stocks. lauren simonetti following it

all for us. lauren? >> yeah, but we're coming off the best week for the broader market in 46 years, connell. so at the close stocks finishing well off their lows. the dow closing 328 points to the downside. but that was 300 points off the low of the session. nasdaq rallying into the close, gaining half of 1%. investors are bracing for earnings season to see how companies are withstanding coronavirus. they might not get their answers. we've seen about 300 companies withdrawing their guidance unable to predict how the economic shut down is affecting their bottom lines. investors now questioning if corporate america is prepared for that weakness that is about to hit and the duration of that weakness? nobody has answers right now. industrials, they were one of the weakest sectors led by caterpillar on a downgrade to sell at bank of america. you got to remember, caterpillar does make heavy equipment but about a third of their sales are to the energy sector. so caterpillar down about 9% today.

financials also hit hard. that is an interest-rate sensitive sector. jpmorgan and american express also laggards on the dow jones industrial average. these losses, however, were very widespread. oil could not muster a gain, losing about 1 1/2% on the session, after a record deal to take production, to take oil off the market. investors main concern is, demand destruction and that outweighing any production cuts that we do get. oil was a loser today. we do have winners. i want to show you one of them, amazon ending the day, firmly in the green within points of its record high, closing at 2168, up 6%. here is the news on amazon. they're adding additional 75,000 workers and committing $500 million to wages as it works to get customers items they need and also items that they do not need amid a pandemic. so yes you can get the clorox and tide detergent and soon get

other things as well. they're letting a third party sellers finally ship more than just the essentials. tomorrow all the attention turns to the banks. jpmorgan, and wells fargo kick off earnings season. watch for what they have to say about dell -- delinquencies. connell we'll see what they say about scenes. connell: different season than in the past. lauren simonetti on the markets. thank you, lauren. melissa: dan henninger from "the wall street journal," he is a also a fox news contributor. dan we get earnings coming in at the end of the week, how they did in the previous quarter isn't terribly relevant because that's gone. even guidance. we know things are horrible going forward. i imagine what is really going to count is, how fast are you burning cash, how much do you have in the bank and what's your access to capital, isn't that the number one thing people will

be looking for? >> yeah. i agree with that. certainly cheap financial officers as has been reported are conserving cash, trying to develop credit lines as best they can. all by way of trying to come up with the best possible guesstimate for what the future is going to be. i think the future depends, we succeeded in flattening the curve of the coronavirus crisis and now the question is, what is going to be the upward curve of the economy reopening and that will tell us a lot about whether these companies are going to be able to earn again or, are going to go flat like the coronavirus. it seems like forecasting no one can do that until they know when the world is going to reopen and how consumers are going to behave. given that, i don't know, guess what kind of, how many companies won't be able to hold on? or what kind of companies won't

be able to hold on until things reopen and customers come back? >> well you know, it is all a question of how healthy these companies are. i mean as i just said, some cfos are conserving crash, credit lines. healthier companies will be able to survive. those on the brink will have a hard time doing it. as well we should mention mid-sized and smaller companies, which really don't have chief financial officers opening huge credit lines with banks and such. they pretty much operate on on a cash as is basis especially smaller companies. they are the ones having a hard time sustaining themselves. they are a big part of the economy. we know that melissa. they will have a hard time sustaining themselves if the opening doesn't really start pretty soon. melissa: president trump is set to announce the members of a new task force tomorrow. the focus there is on reopening the economy. dan, what do we need to hear from them?

what should we expect? do you think they will give us specifics what they're looking for in order to reopen it? i suppose we can't really hope for a date? >> well, melissa, i would say within the last two hours the white house decided they better come up with some specifics because as we know governor andrew cuomo had a press conference at 2:00 with governors of five other northeastern states in which he said they were proceeding with plans to start thinking about reopening their economies. so that train is leaving the station. you know for a fact that the first question out of those white house reporters mouths is going to be to president trump, who is in charge? because governor cuomo raised the issue of whether the president, the white house was going to give guidance on the reopening or whether he was going to leave it to the states. then the president tweeted, that the decision was his. so the question is, what is going to be the content of that decision, how specific will he

be about guidelines? they gave guidelines on a lockdown. to what extent are they going to leave some of these decisions up to the states. we'll all be looking for clarity from the white house task force on precisely those issues this afternoon. melissa: is there an irony in the fact that the president this weekend getting a lot of criticism saying that he didn't shut things down quickly enough and out of those same mouths comes the criticism he is not the one that has authority to open things up, which one is it? is he in control of this whole thing or is he not? he is, you know, the states have certain responsibilities, shaped by the constitution for sure but this is a national crisis and the president indeed is in a huge leadership position here. he has the cdc behind him. he has got his task force. they're the ones supposedly collecting the data about the crisis. the data is going to be very important about how we reopen the economy.

and i think you know, the debate over whether he made the call too late or not, look, the prime ministers of virtually every european country made the call too late. the world health organization did as well. that is behind us. what is in front of us getting this economy out of its coma and the president has a leadership role to play there. i think the president or governor cuomo was suggesting he is willing to take guidance from the federal government if they will provide it. melissa: i don't think it is too dramatic to say lives are being ruined right now by things being closed. there are families who are living right on the edge who need to go back to work so they can buy food. so that they can pay their rent and there are people who have built companies and, you know it has been their whole life savings and their entire dream. every day they're getting closer to that going down the drain. we're on needles and pins here, whatever the saying is, dan, really on the edge, what do you

think. >> well, as governor cuomo said when he was asked about the time frame, we're talking about weeks. that is precisely right. we're not talking about june or july. we're talking about sometime in the next three or four weeks. the economy, some steps have to be taken, somewhere to start reopening it. and you think it is a big country. 11 states account for most of the coronavirus infections. at least 40 some states that are less pressed by the coronavirus. i think that's at the white house's suggested, county by county basis, out across the country, let some of those less affected states begin to reopen their economies. melissa: yeah. dan henninger, i look forward to seeing you in person again one day. thank you for coming on. >> see you later. connell: all right, melissa. as we await for the briefing talking about at the top of the next hour, numbers we're almost two million confirmed covid-19

cases worldwide, 1.9 million plus. 568, 572,000 in the u.s. so that number keeps going up. and we continue to follow from a number of different angles including the trends. almost 2.7 million tests have been conducted across this country. that is seen as one of the keys to getting back to work in terms of the economy. those state leaders dan was talking about, they had a news conference earlier ahead of the president talking at the top of the next hour. we'll follow it for you as we move on here. we talk about new york, the number of total hospitalizations, one of the things governor cuomo talked about today is up, went up from yesterday. overall the number appears to be flattening. some like to see the trends and trends have been improving, even though 10,000 people have died in new york from cove individual nid. live from the hospital where things stand. that is coming up. growing questions from the recovery from the virus and whether it guaranties immunity.

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♪. melissa: saying the worst might be over, governor andrew cuomo meeting with governors of surrounding states about a possibility reopening recovery. david lee miller outside mount sinai hospital with the latest. david lee? reporter: melissa, nothing like this has ever happened before. as you mentioned new york governor andrew cuomo working with governors of five nearby states coming up with a plan to restart the economy. during an unprecedented news conference this afternoon, cuomo was joined by the governors on the phone of pennsylvania, new jersey, delaware, connecticut. all are democrats but cuomo said this is not a time for partisanship. they will work with officials and come up with a plan to be coordinated with all six states. cuomo said the states want clarity from the federal government. challenges the president's

assertion that the states have. >> seeing how we have responsibility for closing the state down, i think we probably have the primary responsibility for opening it up. reporter: cuomo says he wants recommendations as soon as possible from the five other states but he also stressed, whatever the plan, it has to be smart. he said a regional solution is the best way forward. >> throws out a lot of the old rules and the old ways of doing business and the state boundaries mean very little to this virus. reporter: earlier cuomo gave a mixed message about his states battle with the virus although at first suggesting for new york the worst is over, he backtracked to say the curve will not continue to flatten if people grow come place end. on sunday he said 671 new yorkers died from the virus. he called that terrible news but the news from the day before was even worse when there were 758 deaths. looking at those two metrics, it

does appear that the fatality trend is moving downward in the right direction but there is still a great deal of uncertainty about the future. melissa. melissa: david lee miller, thank you so much for that. connell? connell: all right, melissa. as we look at all this, we mentioned a few minutes ago we're almost at two million cases confirmed of covid-19 around the world but even as we learn more about the virus there are still a number of questions. for instance, how many immunity patients have when they recover from the virus? that could be a considered one of the factors putting people back to work. a toxicologist chris martin joins the show to talk about that we've seen places like south korea, there was a lot written last week about people having the virus maybe reactivated or being reinfected. i don't know if that is even possible with a virus whereas we see other experts saying in past coronavirus outbreaks, not this

one, we don't have enough data, they have had a certain amount of immunity. what are you comfortable saying about immunity knowing what you know about this virus? >> well, connell, look, we don't know a lot about this virus yet. we know a lot about other coronaviruses. we know the standard four varieties that give us common cold we develop relatively poor immunity against those. we get a cold every single year it seems. with this one we had a little bit of data out of china. of 175 post-covid patients they studied, 30% had really low or undetectable levels of antibodies in them, raising the specter for at least 1/3 of the patients out there they may not have any particular antibodies or immunity against this. we don't know yet but apparently some vaccine early trials boosted, really gotten strong antibody responses out of the animal models they worked in. that is something to look forward. right now it is looking a little

dodgy that secondary or second attack infections are a possibility. connell: when will we know enough to make a decision based on data? for example these governors that met today, northeastern governors on conference call, most of them, especially governor cuomo said we have to do more testing. once we have enough data it will be safe to open up businesses to send people back to work. part of that i presume is the antibody test, someone that may have had the virus who didn't know anything about it. hough long will it take for us to have research to know if there is enough immunity? >> testing, testing, we'll need a lot of testing. here is the basic issue, if it turns out, there are two scenarios here. one, maybe 1% of the population had it, been exposed to it, mild cases all of that. there is another theory out there that a lot of people were exposed to it. we don't know which case is actually true. the antibody test is the way to detect that. the pcr test we hear about if

you have the covid that is detecting the live virus. the antibody test says you've seen the live virus, it cleared out of your system, you have the antibodies against it, and in theory you are immune to it. the problem, connell, a couple of wonky terms, if only 1% of people exposed to it, even if it is 93% accurate -- connell: all right. guess, we lost the feed there, giving it a second to see if it came back. dr. martinsson had him in before skypeing in. he made key points we'll continue to follow up on, in earlies of it immunity and how much there really is. anyway back to that important subject. right now back over to you, melissa. melissa: i know i wanted to hear the end to that thought. hopefully we'll get later. causing catastrophic damage, deadly tornadoes tearing through the south leaving more than one million without power. the latest on the storm's path

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melissa: more than one million people waking up this morning without power. a number about catastrophic tornadoes ripping through the south, killing more than 2000 people. the storms making their way up north. steve harrigan joins us live in atlanta with more. steve? reporter: melissa, at least 13 tornadoes confirmed to touch the ground. the death toll is rising throughout the day. right now it stands at about 30. that is likely to go up as we find out more information what happened in tennessee and south carolina where some families have lost everything. >> what we're going to do is have a family meeting to make an

assessment. obviously a total loss here. so we got to figure out what new living accomodations are going to be. we'll have a family meeting today to figure out what we're going to do. reporter: mississippi has been hit especially hard, with 11 dead. six dead in georgia. louisiana lost hundreds of houses. these are know ordinary tornadoes. the weather service put out the highest warning for catastrophic damage. one of the tornadoes through mississippi, actually cut a path 100 miles long. two tornadoes in mississippi followed the same path, one 15 minutes after another. wind speeds over 160 miles per hour. there were seven inches of rain in someplace. the at time the tornadoes were accompanied by hail the size of baseballs. what is real challenge for first-responders and regular civilians trying to deal with two crises at once. on one hand the tornadoes. on the one hand the coronavirus. we saw people in mississippi using government shelters, going in the shelters to be safe from

tornado, at the same time inside the shelters wearing masks trying to keep social distance of six feet to try to protect themselves from the virus a double-whammy for people across the south trying to defend themselves from two disasters at the same time. melissa, back to you. melissa: wow, that's rough. steve, thank you. connell? connell: it is rough. melissa, thank you. we continue here with this task force briefing set to begin at the top. hour. dan henninger talked about it earlier. he had it right. one of the questions who is in charge, given one of the president's comments on twitter. governor cuomo and other governors with their news conference earlier today when it comes to opening the economy back up. we'll have that as we move through the hour and the briefing once it starts. then there is this, a series of musical guests belting out disney tunes in a medley called disney family sing along, with on-screen lyrics so viewers can follow along. from "the little mermaid,"

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there are thousands of hospital workers in total affected by this it might seem counterintuitive hospitals are cutting staff in the middle of the pandemic but one of the main reasons they're doing this because they're not performing as many elective procedures as they normally do. those can be the bread and butter for many hospitals. they can account for as much as 50% of hospitals revenues. they're also upgrading facilities, spending money on that to care for coronavirus patients. they're adding testing sites and housing medical staff and other health care workers to keep them separate from their families. now analysts say this will especially hurt smaller hospital chains or those that were already in a tough place financially. it is important to note though not all of the employees who are being furloughed deal directly with patients. in fact some experts say the furloughs could help reduce the number of people in the hospitals and therefore slow the spread of the coronavirus. and lastly, experts do say that

they expect family medicine practices to be especially hard hit by this. they're expecting thousands of lay-offs in the 800,000 range of family medicine employees. connell? connell: another tough story. thank you, grady trimble for us today. melissa. melissa: putting home renovations on hold. one major national trade association survey shows less than 20% of remodeling projects have been canceled all together. of course the survey was taken at the end of march. what else do we know about the state of the home industry? here is bill darcy, national kitchen and bath association ceo. thank you so much for coming on. you're always able to tell us about what is going on in the whole industry. you really have the finger on the pulse there. what are they telling you about projects, basically how the industry is doing, bill? >> melissa, thanks again for having me on. 68% of our members tell us their

business has been significantly impacted by covid-19 which again is not surprising. 40% of those businesses or projects have been delayed. less than 20% have been canceled. melissa: i saw another interesting stat in there. you said on a scale of one to 10 how much has the coronavirus impacted your business, and average answer there was 7.4. that is a big number. they're really feeling it. anecdotally, even as you talk to your members, what are they saying? is cash tight? is it, what's the impact? >> you know actually that number has gone up to a little north of 8. we're checking in on this very, very frequently. they're telling us there was a lot of business before covid hit. they are fairly business keeping up with these projects still in the pipeline. they have not had any new business come their way but they have a few more weeks of business. so it is a matter of, you know, how do you fill the pipeline up, what will happen when we all try

to get back to normal, whatever that means? melissa: yeah. what is access for capital been like? as we enter the new earnings season, that is what we're really looking for in companies? you're trying to stay afloat as you said until the economy opens back up and economy comes back, so what is your financial state your members are? >> many of the small businesses are applying for stimulus and we're glad to see the federal government supporting that as well as opportunity for additional stimulus. on manufacturing side, it is matter of supply chain factors. when it is time to get back to work how long will that take to restart? melissa: i imagine, i mean, cheap energy has to at least be one good point in there because i know in the past it's always been commodities put a lot of pressure that pricing on the supply chain. i don't know, is that one silver lining perhaps for your members? >> you know one silver lining is

that the diy projects are up. people that are looking for something to do in their homes, keep themselves busy or feel like they're making investment of value, could you know, again turn into a longer term remodel. what happens right now, remodeling, home improvement stores are busy. which they're happy to have those customers that can go in there safely, do projects at home. we hope that will lead to remodeling projects down the road. melissa: yeah. i mean i guess that is one bright spot. consumers will be cash constrained. there is so much more focus on the home, net-net. i think in the long run it has to benefit your industry. bill, thanks for coming on. we appreciate your time. connell? >> thank you, melissa. >> we're looking for the small business owners who actually received the money from the paycheck protection loan. we finally found a small business owners who has his money. 440,000-dollar loan.

he will join us next about his experience. that should be interesting ahead. that comes as we await for the coronavirus task force to give us an update on the pandemic live from the white house. we have news on the airlines breaking as well before that. we'll be right back. ♪ e achievable steps along the way... ...so we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. oooh, well... i'm good at my condo. oh. i love her condo. nana throws the best parties. well planned, well invested, well protected. voya. be confident to and through retirement. well, you see here... there's a photo of you and there's a photo of your mommy and then there's a picture of me. but before our story it goes way, way,

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connell: it's a "fox business alert." more information coming in to us about negotiations between the treasury department and the major u.s. airlines. blake burman has been looking into this. what are we learning, blake? reporter: connell there is a sense of urgency to this as it relates to the negotiations between the airlines and the trump administration. what i am being told right now is that the treasury department, who is negotiating with the airliners for this relief package, believe that they will be hearing from the specific airlines within the next days, potentially even within the upcoming hours here as to what exactly the airlines want to do going forward with this relief package. as you know 25 billion set aside for the major airliners. however the discussion back and forth has been the equity portion that the u.s. government might be able to take as a result of helping airlines get through this. the issue in play here is what is being deemed a direct federal benefit. so, for example, the money if it

goes to keep someone from filing an unemployment claim or if it keeps someone on the job so that there are payroll taxes involved? that goes back into the federal covers, that is considered a direct federal benefit. the other money not attached to that. treasury and airlines will have to figure all of this out but the other money which the treasury department believes at that point the federal government should be able to take an equity stake or have some sort of an instrument, potentially, potentially preferred stock, warrants, options, securities, debt, notes, other financial instruments. that is how negotiations are playing out right now. i'm told there is a sense of urgency, that this really needs to get done. we know from treasury secretary steve mnuchin, he presented options to the president, findings at end of last week there were discussions over the last weekend with airlines. now i'm being told that the treasury department should be hearing potentially in the upcoming hours as what the

airlines want to do next. there is a real sense here, connell. this needs to get done and could very well be getting to that point as to how treasury and the airliners hash all of that out. keep in mind the major airline association said they want to see grants, not some sort of hybrid where grants and loans, equity stake, they think it is a bad idea. the position of the federal government is, if there is not a direct federal benefit the federal government should have the option to take a equity stake many some time in major airliners. major airliners i stress. connell: blake, we'll look out for this coming hours or at least days. blake burman in washington. melissa? melissa: unprecedented, ambitious task. apple and google are teaming up to help trace the spread of coronavirus. here is brett larson, fox news's 24/7 headlines host.

bret, tell us exactly how this would work? >> melissa, this is really cool. this is unprecedented. we're talking about the two largest tech rivals, apple and google, they are going to be working together on what is called contact tracing. it's pretty cool. here is the concept. you have got your iphone and android phone. between apple and google that is 99% of the smartphone market. here is how it will work. with bluetooth, low frequency technology, when the phones are near each other, they will exchange a set of keys. so your phone, if you're at the grocery store, if you are walking through the neighborhood if you're maybe at work, your phone, when you're sitting next to someone, when you're in proximity with someone is going to exchange a key with that other person. these are randomized keys that change every 15 minutes. then what's going to happen throughout the course of the day, maybe a week later, maybe someone you came in contact with tests positive for covid-19.

they can then go into one of the health department provided apps, say they have tested positive for covid-19. then what's going to happen, their keys will be sent to a server. then all the other people who are using these apps when they check in with that server are going to be alerted if they came in contact with the person. if they came in contact with the person, if you were sitting next to someone and their key turns out to be positive you will get an alert, you will also get a follow up instructions where to find a testing facility, how to get medical help, or if you need to quarantine yourself. it's interesting because apple and google are working on this together as we said. they are almost bitter rivals but they're really coming together on this important time. it is also very unique because they have been using this type of technology in other countries. we saw them use this in the european union. we saw them use this in spain and italy. we saw them use quite successfully in south korea.

it is totally anonymous. it is all opt in. it is not something going to be forced upon you. things we saw things like that happening in china. melissa: yeah. it sounds like a privacy nightmare though. you say it is anonymous. how would it keep it anonymous without just, seems like they know who you are, they know who you have gotten in contact with? >> right. that's a really good question and i, i talked, i heard from some developers from both apple and google and privacy was their primary concern in this setup. a couple of things. they're not using any geospecific location data so they're not going to know where you were specifically. they're only going to know the other phones that are sending out these beacons with these keys in them. the keys are randomized and they're changed every 15 minutes and all of that data is only kept on your phone. the only time the keys are ever

sent to a centralized location are when a person goes in through the app and says they have tested positive for covid-19. then that is kept on a server but even that information kept on a server, it doesn't have any identifiable information about your phone. it only has these randomized keys that were created in the operating system. so all of the data actually will be kept on your phone until you say, you have tested positive. at that point, when the app checks in, it will do a match. it will say these are all the keys i have come in contact with. if the server says oh, that one right there, that person tested positive. that is all you're ever going to know. you wouldn't know where you ran into them. you wouldn't know who that person was. you wouldn't know the make or model of their smartphone. definitely, i hear the privacy concerns. i think they have really gone out of their way to insure this is as secure and private as possible. melissa: brett, thank you.

connell? connell: we're waiting still for the update with the coronavirus task force. that briefing. we'll take you there. a top u.s. health official that says the country is nearing the peak in the fight against the virus. we have that. we have the small business owner, the first we have spoken to who has received his loan. all that and more still to come.

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as the nation's doctor, i often get asked what should i do if i think i might have corona virus? people who are sick should stay home. you don't go to an emergency room. you don't go to a clinic. you get on the phone and you ask for advice and instructions from your physician. we don't want you to go into the e.r. or the doctor's office without talking to them first, because you might spread corona virus to someone else. please visit coronavirus.gov for more information. home values are up, and mortgage rates are at record lows.

that's good news for veterans with va loans. that's me. by using your va streamline refi benefit, one call to newday usa can save you $2,000 a year. that's me. there's no income verification, no appraisal, and no out of pocket costs. that's me. put your va home loan benefits to good use. call my team at newday usa. >> it's been asked, answered and received. we talked to so many small business owners around the country waiting for their money or waiting for a loan to be processed. but today we have the other side of the story. a restaurant owner who got his money. we get these numbers from the small business administration where they will say like what

they said earlier today. the approved loans. 2,600 banks participated. then theneone like you comes on and says something went wrong and they didn't get their money. but you did, you got it within a week, right? >> yes, sir. last thursday i was driving in my car rinsing to "outnumbered." and i heard melissa say she heard complaints that no one received their money. see i wrote an email to fox and told them i received my money. we received our money thursday night. and the interesting thing about that is, i used a small community bank, security federal. the second thing is, we were ahead of the process because we heeded the advice and that was

to get all of our payroll information together. so my son worked very, very hard on that. even until april was when the government and some banked said they have to change the application form. so early friday morning we got new application form, put all the numbers into that form. went to our community bank. so that was friday. last friday a week ago. tuesday we were notified the sba gave us a number. so we were in the queue. then wednesday they indicated we should get our maunday thursday. so that's what happened. that was a 6-day turn around. i used the analogy of trying to turn on a dime and use an aircraft carrier versus a cruiser.

so this worked. it worked for us. i am excited for it. connell: i think the community bank -- i think we are trying to keep the puzzle together. the big banks, just today they started to process some of these loans. i'll bet using a community bank is the key. how are you going to use it? payroll? you have got a $450,000 loans. >> we had 75 employees. we were ready to go. we were entering the week of our sales history. the women's nba was going to start here in south carolina. and we also lost the masters. we let go 60 of our employees. this week we are going to bring back 30 of them.

conservative then you might get some of that forgiven. we have been waiting for a success story. melissa and i will see you back tomorrow upon "after the bell." [♪] lou where goo -- lou: good evening. president trump and his administration are preparing for the opening of part of the economy. that could come next week in a number of conditions are in place. safety of all americans. the decision to restart the economy will be balanced against the success of halting the advance of the wuhan virus. worldwide 1.9 people have been infect --