Everything’s Closing | Guests: Steven Crowder & Stephen Moore | 3/13/20

This is the Glimbeck program.

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Hey,

hey, everybody, welcome to it.

It's Friday.

I feel as though

I don't understand America anymore.

Ever feel that way?

Right?

It's not just me, right?

But I want to listen because I don't know why people are feeling this way.

And I'll explain here in a second.

It's about the coronavirus.

I don't know why people are going out and buying all the toilet paper.

Stop buying the toilet paper.

On the other hand, I also don't understand these people are like, I'm going out right now to a cough-a-thon where we're all getting together, we're coughing in each other's face.

It's nothing.

Why would you do that at any time, let alone in the middle of the day?

Because it's a conspiracy.

Oh, can we stop?

I really, I want to understand from reasonable people, if you feel like this is just all garbage and you're reasonable, not somebody who's like, I'm going to the coffee-thought too.

No, I don't want to talk to you.

Reasonable people, I really want to understand what I'm missing here.

And I'll explain and get your phone calls.

888-727-BECK, Stephen Crowder, Bill O'Reilly, and Stephen Moore, all on today's program.

We begin in one minute.

This is the Glenbeck program.

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Look at the phones.

Look at the number of people calling in.

They're all like, I'm one of those people.

Okay,

I want to define what one of those people are because I don't think you're one of those people.

Those, you know, those people.

And I want to listen.

I want to learn from my mistakes of the past.

I want to listen because I'm missing something here.

I'm missing the people who are like, we've got to get to Costco right now, and we need to back up a semi-truck.

I don't care if we have to steal one, kids.

We need an 18-wheeler, and we're going to fill it with the toilet paper, and we're going to set anybody on fire who gets in our way.

This is it.

This is the zombie apocalypse.

We're all going to die.

I don't understand that.

I don't.

If everyone gets the coronavirus, about 1% of the population is going to die.

If...

If we continue to do nothing,

and I think we are doing a lot, I think the president is making bold moves.

I think he's doing the right thing.

I think he's also doing the right thing by saying, relax.

Take it seriously, but relax.

We're all going to get to the other side.

But take it seriously.

Well, 99% of us.

We should be clear.

Yeah, we're not all.

Well, when I say the other side, we eventually

all will make it to the other side.

It's a fair one.

Yeah, okay.

So I don't understand the people who are panicking, and I I also don't understand the people

who are saying this is a conspiracy.

The entire

world is trying to stop Donald Trump, including Donald Trump and his administration.

The entire world is in on some plot to make sure that he doesn't win.

Boeing.

Do you know why we had such a bad day just a couple of days ago on Wall Street?

I mean, just

name the day of a bad day on Wall Street this week.

One of the reasons why is because Boeing almost went out of business, man.

They collapsed.

One day, I haven't followed them up.

They may have rebounded and everything is fine.

But one day this week, Boeing, it was the day after the speech, because we're not going to, we're not going to fly to Europe.

We're not going to be doing these things.

The airlines are getting hit.

Boeing has already been hit with its problems.

And people were looking at, okay, who's not going to be buying airplanes for a while?

Oh, I know the entire airline industry.

Who's the weakest one?

Looks like Boeing.

I'm selling.

Okay, that's all logical.

That's all logical.

Is Boeing in on this too?

Well, I mean,

I love, you know, first of all,

it is completely an understandable instinct to go and put this in the same category as so many other news stories that we talk about, which are the president is getting treated completely unfairly by the media, and that is, in this case, true.

Does the media want to,

the only thing they seem to care about is whether Donald Trump accurately said something in a, you know, as he's stopping by with reporters, and they want to fact-check that for nine hours instead of focusing on the virus.

So it completely makes sense, right, for the average person who's following this to look at this story and see that in the story because it is there.

The media is trying to exploit this to hurt Donald Trump.

Two things can be true.

Two things can be true at the same time.

It actually is serious.

A couple pieces of evidence.

As you point out, Donald Trump himself is taking bold steps against this.

He is.

And he's getting hammered for it.

Yeah.

Hammered for it.

Right.

Why would he do that?

And he's got the backing of

the major people who understand.

Doing the Journal of Medicine, the CDC.

Fauci.

Everybody.

Everyone seems to be supporting those types of things that we're doing.

It has not been perfect.

I don't want to say that it has been.

So, one, Donald Trump himself would have to be sinking his own presidency.

Right.

Two, Italy has basically closed.

Okay, they've closed their doors.

This is a country.

They've closed doors.

Did they hope have a secret meeting?

We're going to close Italy.

That damn Donald Trump is not going to be president again.

Now, you might say, okay, well, Italy might not like, but like, Italy is not going to close.

They're closed, all of the businesses in in the country, with the exception of grocery stores, banks, and pharmacies.

No pizza for you.

Right.

Like, that's not happening.

It's not something you do to get rid of.

And again, if you're going to do this, you do it in October.

You certainly don't do it now.

We could go through nine news cycles before then.

But maybe the greatest piece of evidence is India self-quarantined.

India loves Donald Trump more than Melania Trump.

India freaking loves Trump.

And they've done this.

This is a serious threat.

And people, the biggest issue with it is the countries that have had success turning it into just

a nuisance where some people die and it's really sad and it's awful.

Right.

As opposed to what's happening in Italy where their entire system is being run over, the countries that have had success are the countries that have acted in everyone's normal day mind irrationally.

Yeah.

Right.

Like you can't go.

We're closing everything.

Everybody shut down.

Everybody stay away from everybody.

China was following their citizens on the street with drones.

They all had QR codes on their phones and they had to check in every building they ran into.

Right.

And they have to scan in with QR codes so they could monitor every person and where they went.

So that's totally unreasonable.

We don't want to do that.

But democracies and republics are having a hard time because you can't do that, nor do we want to do that.

So to live in a free society, we must all be rational.

Now, the problem, I blame most of this on the press.

The press is so discredited.

Remember, I said this

20 years ago, and I've been ringing this bell forever.

There's going to come a time where you must have your credibility because no one will know who to turn to.

No one will know what to believe.

So, you must have your credibility.

And here's how credible people are talking today.

I don't know what's coming.

I don't know what's coming.

None of us do.

The doctors don't.

But if this isn't about just the number of dead, 400 million people don't have to die.

I don't think 400 million people are going to die.

I don't think

400,000 in America are going to die from this.

I don't know the number.

I know it's going to be probably, in the end, about 10 times the flu.

In the grand scheme of things, that's not the apocalypse.

It's not.

The problem here is the overwhelming of

the system.

Because this has such a high infection rate, if we all have the flu, everybody says, wow, so what?

We all have the flu.

No, we all have the flu.

So if we all have the flu, our system isn't built for that.

It's like, we can handle a hurricane.

Because America will come together and we'll rebuild cities.

We'll do it.

We're fine.

But America is not prepared to have a hurricane in every town in America okay we're not built for that we can handle earthquakes in in California as bad and scary as those earthquakes and those fires are we can all band together and we can help each other and we can do it but we can't handle an earthquake from one coast to another that's wiping out our towns It's and let's say it's an earthquake that only destroys buildings and everybody lives.

We still aren't prepared for that.

So that's why this should be concerning to people.

It's not the death rate.

You could say it's exactly the flu.

Yes, but it's the flu where 20%,

now that number here in America is at 12, which makes me feel really good.

So let's use that number.

12%

of those who get it need hospitalization.

That's 12% of anybody who gets it.

Let's say we all get the flu and nobody dies.

If 12% need hospitalization and just 12% of 40% of this country, 12% of 20% of the nation, the hospital system is overwhelmed.

And we don't have the resources to be able to deal with that.

Yeah.

And the flu,

you know, the media likes to say, it's not like, there's only two things you can say about the flu, apparently, which is, oh, it's no big deal.

It's just like the flu.

And then, in addition to that, you can say, it is a big deal.

It's not like the flu.

It is a big deal.

Well, neither one of those are right.

Okay.

There are some similarities to the flu, but think about this as flu year one.

Before we have a vaccine, before we have any treatments, flu year one was 1918.

Okay, that was really ugly.

Now, that's not going to happen here.

We're not going to have 33% of the global population die.

We've advanced a long way from there.

However, we don't know how far it's going to go.

So, number one, we should all say, you know, it's, oh, it's just the flu.

Well, the flu's serious.

The 1918 flu in year 102 of that flu is still wiping out 50,000 people in the most advanced economy ever.

Right.

And we don't freak out because we're used to it.

We're too used to it, but it's still a big deal.

Right.

And let's just say, and you've pointed this one out before, Glenn, let's just say it's exactly the flu.

Exactly.

Okay.

We know what the flu is.

It's the flu.

Well, then we have double the normal flu.

If we're losing 50,000 people last year, if it goes up to 100,000 people next year, that's a big development.

So we should really care about these things.

And again,

I stand by.

It's not, because

I am not panicked by this at all.

Nor should anyone be panicked by this.

You should just be smart.

And here's what's happening, I think.

People feel one of two ways.

This is my guess, and I'm going to go to the phones next.

They feel one of two ways.

They feel like

this is just outrageous, and there's no reason to panic, and there's no way.

And they are trying to prove the point, but they're taking it too far, that the media and everybody else is, they're just hype machines.

Okay.

And that is true.

And it's absolutely true, but they don't want to, they don't, they don't want to be, they don't want to be the ones who looked like they were freaking out

when the death toll is probably 10 times the number of the flu.

That's fine.

I understand that.

That's logical.

They don't want to be the one at the end saying,

you know, I freaked out or whatever.

The opposite is also true.

People are panic buying because they don't want to be the one who was stupid while everybody else was out buying.

Yeah.

They didn't do anything, and so they join in.

there

This is the loss of gray in our area in our in our country.

This is the loss of reason in our country.

This is the loss of

of of subtlety

You know, there's there we have no nuance anymore.

It's either all of this or all of that.

This is neither.

This is neither.

Most things have subtleties and nuances to them.

And, you know, I'll say on the Trump part of this, Trump not necessarily known for his nuance.

Not exactly what got him to where he is.

But think about what he's saying.

He's been very nuanced in what he's saying.

He's like, hey, here's massive resources.

Here's my top people.

Here's Oval Office speech after massive press conference.

He's doing things he has not done in years.

And he's doing all of this while at the same time saying, hey, we should remain calm about this, but this is serious.

Let's take care of it.

That's actually, he hasn't expressed it perfectly every single time, but that attitude is exactly the attitude you should have.

This is amazing because it is, it is, the best thing he said was, we're going to make it through this because we make it through everything.

We're Americans and we're going to make it through it.

But we have to have each other and we have to do smart things right now.

Right now.

All right, back to the phones here in just a second.

I was reading a Twitter feed last night after I said, this is what I said.

This is so outrageous.

I posted something from Italy where they need a passport and a paper to leave their house.

It's crazy.

I said, I believe by this time next week, anyone who thought this was a hoax, overhyped, or something to be used to gain some political advantage will be sober enough to see their error.

We're all Americans, we're all brothers and sisters.

Why don't we just pray for those who are helping others?

Len Beck's always been a fear-monger.

How's that fear markering?

How's markering?

I don't understand.

Help me.

Help me.

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10 seconds, station ID.

Let me go to Robert in Colorado.

30 years as an emergency room nurse.

Tell me about it.

Well, first, I believe many years ago, your tagline for your show was the fusion of information and enlightenment.

Yeah, entertainment and enlightenment.

Yeah, go ahead.

Still is.

Yep.

Well,

let's hopefully we can engage in some of that.

First,

the biggest problem that we are going to face is the worried well.

Yes.

What CDC describes as individuals who are not ill, have not had significant exposures, and are seeking treatment.

Exactly right.

Exactly right.

Knock over the dominoes.

Currently, the guidelines we are working under is if you present with respiratory symptoms, cough, cold, fever,

but you have had no contact with a laboratory confirmed COVID-19 patient,

and if you present with that same set of symptoms, and barring you do not qualify on the first set, that you have not had travel to a hot

spot.

And that's that list grows every second.

The only time we are now testing routinely for COVID-19 is if a person with that set of symptoms is admitted to the hospital

and there is no underlying diagnosis, flu, respiratory sitter stitchal virus, or something that we can hang our diagnostic hat on.

Then that person goes into respiratory isolation and is tested for COVID-19.

In Colorado, that test takes 48 hours.

Okay, so here's the thing.

We don't have enough tests to make everybody feel comfortable, nor should we all be getting a COVID-19 test.

I was in, I was hanging out with some of the people, and so was Stu at CPAC, who were hanging out with a guy who has COVID-19.

I don't feel it necessary to go run and get a test.

I don't have any any symptoms.

I am exercising smart precautions for myself and those around me, and you don't clog the system.

That's my biggest fear here, Robert, is not about the deaths or anything else.

It's about overwhelming the medical system.

If everybody has the flu and everybody thinks they're dying from it,

our doctors and hospitals are not prepared for that kind of volume.

Am I wrong?

Well,

no, but there is a significant difference between influenza and COVID-19.

I know that.

And it's a structural difference in the

way we test.

Influenza, I can insert a swab into your nose, and in about 20 minutes, tell you if you have

COVID-19 requires as much as, depending on what state and where you're at, at least 48 hours at this point.

Okay, Robert, I've got to run

for a network break.

I appreciate your phone call.

Thank you for bringing some reason to this, some more people that

I don't know which way they're going on the phone, and also Steven Crowder next.

This is the Glenbeck program.

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Stephen Crowder had a big special last night.

We talked to him about that next.

Hey,

I like to box.

Steven Crowder was, I think, four years old when I first stumbled onto him and said, look at this kid.

He's amazing.

He's now done something that very few people can do, and that is get his billionth view on YouTube.

Welcome to the program, Mr.

Steven Crowder.

How are you, Stephen?

Thank you very much.

I thought you were going to say I did something that nobody else was capable of doing, and that's age ungracefully.

Because

you look your age, assuming that you're, I don't know, 70.

I'm looking at the old videos of you.

How old were you when we first met?

When we first met, I would have been, well, I remember I was the youngest Fox News contributor at like, I was barely 21.

So, I don't know if we met a little before that.

I was probably 20 years old.

And that first video you saw there, I think I might have been 17.

It's incredible.

It's incredible what you have done.

First of all, we just wanted to congratulate you on your billionth view.

Is there a reason you're looking down your shirt?

Yeah, I didn't realize that it was.

I came in and it was soaking, I was soaking wet, so I changed shirts, and I didn't realize this was unbuttoned like the

Burt Reynolds Cosmo.

Yeah,

Stephen's showing showing some nipplage today.

And I guess that's well, no, not with this shirt.

This would just be my third nipple, would be the only one you see right down the middle.

And I don't think that

plays well for me.

But thank you.

Yeah, I really appreciate it.

And

you were early on bringing me on your show.

And I remember you had me obviously open for you.

Before it was the Blaze, it was Insider Extreme.

Do you remember when

one of my favorite memories of my career was the day, and I think we were doing the Insider Extreme.

Wasn't that the thing we did at that theater on Broadway?

Yeah, the Nokia Theater, yeah.

Yeah, and I'll never forget, right before the FBI comes in, and they said, We have to close this show, everybody has to leave.

And we're like, Whoa, whoa, whoa, whoa, whoa, what?

And you know, we were having problems with the Obama administration and everything else, so we

were like, Put the brakes here on just for a second.

And they said, We have death threats on you.

Somebody is in the crowd, they say that they are going to shoot you to death on stage tonight.

And I said, well, do we know who it is?

And they're like, no, otherwise we would arrest him, dummy.

And so they're telling me, I've said, I'm going on stage anyway.

And so I'm putting on a bulletproof vest to go on stage.

And that's when you walk around the corner into the dressing room and you just stop.

I'll never forget the look on your face.

And you went, Uh,

is there something I should know?

Yes, yes.

Yeah.

No, no, no.

Here's the part.

I was walking off stage, so I wish I'd have been briefed before I went on stage and was making jokes about Muhammad, holiest of prophets, peace be upon him, for 30 minutes.

And I had just thought that everyone got fat because you weren't the only one wearing a bulletproof vest.

There were several people.

I'm like, oh, God, I think Stu's gained weight.

And then I see you, but I'm going, holy, wait, I was out there for 30 minutes.

Yeah, but Steven, I mean, you know, you're 20.

It's not a great loss.

Now it would be a great loss.

Back then, you know, you were just promising.

Now you have accomplished something.

My grandson wouldn't have read, we lost him too soon.

He would have read, yeah, seems about right.

By the way, I've worked really hard to get a surprise for you, and unfortunately, the person was in

Hawaii and didn't get it back to me until you were on the air last night.

But I would like to play something for you.

A hero of yours

is very aware of you, and I asked him to be sarcastic

because we don't want to give you any real compliments.

No, no, I don't take them well.

Here is

one of your heroes talking about you.

Go ahead and play.

Hey, Steven, I did a billion views while you were still in diapers.

And no matter how much you train,

I'll still eat you for lunch.

Yeah, so your pal, Chuck,

from Chuck Norris.

Yeah, well, I gathered that.

What's amazing to me is after all these years, he still can't read a script.

I'll see, that's not nice.

That's really not nice.

That's really not nice.

Well, I don't think he's that comfortable being mean, is what it is.

You know,

I didn't meet him once, but I saw him once actually at my uncle's country club.

And I had no idea, you know, this sort of mythos, Chuck Norris.

And

he's not a big guy.

I was very surprised.

I was like, why I could fit him him in my back pocket.

But I know that

he's one of the few action stars, by the way, who is completely legit.

So once you remove the karate and the stuff that doesn't work on the camera, you know, he's a black belt in jiu-jitsu, in judo.

And actually, my head instructor got his black belt with the Machado brothers, who surprisingly I think are more conservative in Texas.

So I appreciate that.

Yeah,

he comes by it honestly.

He's not, you know, a fraud like the Steven Segalzo.

He is one of the nicest guys.

And I was not a big fan of his, you know, and not a a big fan of his movies growing up.

I was just a

missing in action two wasn't your best friend.

I know, I know.

And so I go over to his house, and

we're just hanging out on the weekend, and we're all staying.

The kids are playing out at his ranch and everything else.

And so we're just hanging out with each other.

And he's like, hey, we're going to do a movie night.

Which one of my movies are we going to watch?

And I'm like,

you pick.

I mean, whatever.

You pick, brother.

I couldn't pick.

I didn't know.

Did he like a mystery science theater where he was offering commentary on his own film?

He really was.

He really was.

He was like, this part, you got to watch this part.

This is nuts.

Or this part, not so good.

Not so good.

He's really, wow.

He was really cool.

Yeah, I've heard nothing but good things about the guy.

And I, like I said, I've never spent much time with him.

But in Brazilian Jiu-Jitsu circles, like if someone says they're a black belt, I can ask two questions and find out if it's real because you know every single black belt in the area.

So I have a lot of interactions with people who've trained with him and no one has a bad word to say about him.

So I look forward to hopefully meeting him.

But that was really a nice surprise.

Thank you.

Yeah.

My son,

he came up to my son and he said, I just found out that you were taking

Taekwondo.

I think it's Taekwondo.

He said, I hear you dropped out.

And he said,

what belt were you at?

And I think he said,

high red.

Is that right?

It's like three steps away.

You would know this.

I don't even know this.

I don't know Taekwondo.

I only do things that work.

That's all right.

So Chuck was like,

you're not quitting.

And he's like, well, I haven't been doing it for a while.

So Chuck said, I want you to go get your black belt.

And he lined us up with this amazing guy.

He said, I want you to get your black belt.

He said, when you're ready, you come and

I will do the test for your black belt and give you your black belt, which it's one of those moments as a dad where you're like, please, dear God, let my son understand how big of a deal this is.

Please let him say, that's cool, Mr.

Norris.

I'd love that.

But I didn't know.

That's incredible.

Man, I want him to give me my black belt when I think we'll be getting here in the next couple of years.

He really is, if people actually read up on his life, just a fascinating segment.

Fascinating.

Fascinating.

Yeah.

Sorry, this whole segment wasn't all supposed to be about Chuck Norris.

No, I know.

I'm sorry about that.

You should have had Chuck Norris on.

So

Stephen,

how are you feeling about the coronavirus?

Where are you?

Are you freaking out?

Are you buying all the toilet paper?

Or are you just...

There seems to be two kinds of people.

Either all buying the toilet paper and freaking out or not at all.

Well, my wife bought all the toilet paper

and she came home and she showed all this stuff to me that she had purchased in bulk.

And she said, you're going to, well, you're going to thank me when it goes down.

I said, what?

Are we going to, does all the toilet paper come from China?

What do you mean, mean, what's going to go down?

She says, well, no, not that, but you know, when it goes down, when it really gets heavy, I said, well, what do you mean is if the power is going to go out, you're not going to be using toilet paper because we're not going to have any running water.

What do you mean?

What's going to go down?

And I kept trying to walk her through it.

It doesn't make any sense at all.

I'm going, listen, I understand if, like, I lived through the ice storm in Montreal, and we used to have a sponsor.

I think you guys might still work with him.

It was Prepare with Crowder, Prepare with Prepared.

Yeah, it's Prepare with Glenn.

Yeah, yeah, it's by Patriot Supply.

Patriot Supply, that's it.

Yeah.

We always have a our little web code, and then I'm like, wait, I don't own that company.

That was just my own promo code.

What was the name of the company?

But I have a few boxes of dehydrated food, you know, food that lasts.

And I always have some water on hand.

And I have a generator and, you know, lots of guns.

So that way, if I don't have anything, I'll just become a marauder.

That's the most important thing.

But like,

I lived through the ice storm where hundreds of people died because people don't tend to die with, you know, a two-degree Fahrenheit increase like climate change, but they do die with, you know, extreme cold in Montreal.

So I've always had just enough to sort of be prepared, but I don't see this as being the kind of disaster that, if it is a disaster, and I'm not convinced that it is, that anyone can really prepare for.

You know, you just have to wash your hands, take the proper precautions, and hope that you're not a part of the, what is it, 1.4%

death rate?

So it's not.

All life lost matters, but I think there's a little, the media is being a little irresponsible here in blowing it up.

And can I say one more thing?

One more thing.

People will get mad at me for saying this, okay?

I want to be really clear.

All lives lost.

Of course, that's a tragedy.

I don't want to be insensitive, but I also need to be objective here.

In Italy, they have death panels.

Basically, if you're over 65, their hospitals are overcrowded.

They're not going to be helping you.

They put you on the back burner.

This, to me, is proof positive.

When they talk about a nationalized healthcare system in the United States, well, hold on a second.

Italy, how about you solve it?

How about France?

People are blaming President Donald Trump because they expect exclusively the United States to find the cure to the coronavirus.

And no one's complaining about Western medicine now.

No one's saying, oh, Kastangaroot.

All of a sudden,

they want big pharma and America to come to the rescue with our privatized innovative healthcare.

I know.

I know.

It is amazing to me.

The problem is, I agree with everything you just said.

The problem is, is all of the people, if we all get the flu, if 40% of us get the flu and we're all like, I need the test right now, get out of my way.

The system is not built.

No system is built for that kind of overwhelming of the system.

And it's going to be a really ugly, you know, few months on the way.

If 1% of those who get this die, that's really, really bad and 10 times worse than the flu.

But it's not the black plague or the zombie apocalypse.

It's really the people that are going to...

It's the overwhelming of the system that I don't think people are really used to.

I mean,

you know,

I think you're right, yeah.

And that being said, we have a system that is best equipped to handle it, which is why people are running to us for a fix.

Because in Italy, if I'm not mistaken, I don't have any sources in front of me.

I think it's 10 or 12 months to see a neurologist.

The average weight is 67 days for a cardiologist.

So the stints that Bernie got would take him months.

So we will be best equipped to handle it.

But yeah, having been through a socialized healthcare in Canada, it's a disaster.

Would you think that Bernie Sanders and Joe Biden in particular, those two, should, I don't know, stop shaking hands and kissing babies right now?

I think Joe Biden should stop sniffing children.

That's the first.

I think those guidelines came out from the CDC.

Wash your hands, don't touch your face, and don't sniff underage people.

These are the general guidelines.

All right.

Stephen Crowder, congratulations on your billionth YouTube view.

And it's really

exciting and an honor to work with you and

to watch you from

the very humble beginnings to you taking over the entire world.

And I

appreciate it.

I'm not taking over as quickly as Corona, but

thank you so much, Glenn.

Thanks a lot.

Congratulations, Stephen.

Stephen Crowder, you can watch him at louderwithcrowder.com, and you can, of course, watch him here at the Blaze TV.

Blazetv.com, use the promo code Glenn, save 10% on your subscription right now.

All right.

Let me,

I mean, it seems like we are just spending our day ruining movies.

So let me ruin one for you and our ads today.

We all know Leo, and he was, I hate to use this, in a boatload of debt when he found out the Titanic was about to head out.

And, you know, he was in charge of paying for the mortgage on the house.

His grandfather had left him.

He was really out.

It was putting him under crippling gambling addiction, I'm sure.

And he was really hoping, how do I get to America?

Because I could just take one of those golden bricks out of the street and I can, I'll find my way out of it.

Didn't have a lot of hope.

And that's when a friend said, I got a dime.

Why don't you call American Financing?

And he decided to use that last dime to make a transatlantic call.

Remember, this is 1912, so they were cheaper then.

He made that transatlantic call.

And in 10 minutes, American Financing, they said, all you really need is a refi of your mortgage, Leo.

You can fix all of this.

You don't need to get onto that stupid boat because I got a bad feeling about that.

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You're listening to Glenn Beck.

Welcome to the Glenn Beck program.

Bill O'Reilly is coming up next.

I want to, at the bottom of next hour,

I want to talk to you a little bit about what happened with the Federal Reserve.

They announced that they were issuing a $50 billion overnight loan or repo agreement.

And I want to talk to you about it because that's what happened in the past.

And it was,

you know, Bear Stearns and Lehman Brothers when they did that.

Yesterday, they announced everything is good,

except

what they did was issue a $500 billion overnight loan.

Who

needs $500 billion?

Which bank needs $500 billion

to cover so they can open the doors the next morning?

Which bank is that?

I'd like to know that might be a problem.

And there's only a few banks that could possibly need that kind of money.

And I want to talk to you about that and

just show you some of the unprecedented things that are happening out there and why you should not panic, but you should just batten down the hatches.

Everybody just needs to

stay calm.

Keep calm and carry on.

I've been thinking about that poster

almost every day for the last few weeks.

Keep calm and carry on.

What a great slogan.

I always thought that was, you know, oh, so very British.

You know, they're bombing this.

Keep calm and carry on.

But that's really what we have to do.

We're not being bombed.

We just have a really bad,

a really, really bad flu-like thing that's sweeping, and we all just have to keep calm and carry on.

We'll give you more on this, and I can't wait to hear Bill O'Reilly's opinion of this week.

I don't think we're going to agree on much.

That's next.

This is the Glenbeck Program.

Program,

Lots of things are closing down.

I mean lots of things are closing down.

Here in Texas they just closed a school district.

Everybody is meeting now

here in Texas about do the kids come back from spring break or not.

That's a very important tripwire because it really impacts about 44% of America that just cannot

to say this carefully because I was going to say, just can't stand having their kids at home.

What I mean is, economically, well, maybe the other way too, economically, they can't take that hit.

They can't stay home from work to take care of the kids who are staying home from school.

So, this is one of a really big tripwires in America, and it's starting to be tripped all over the country.

We want to get Bill O'Reilly's thoughts on this, the Oval Office, and what the president said the other day, how this is affecting the re-election and so much more.

Bill O'Reilly coming up next, because America, it's

Friday.

This is the Glenbeck program.

All right, so

I want to talk to you about these 12 angry men that sat uncomfortably deliberating over the life of a man who was...

who was really nothing more than a boy.

And Henry Fonda was trying to, you know, get him to see reason, but the whole room exploding into fits of rage.

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I forgot we ordered these.

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And he rolled in 12 fully assembled X chairs, and everybody sat down, and everybody's like, whoa, whoa, whoa, what have we been so angry about?

I mean, here we are, 12 angry men.

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This has got to stop.

Kid acquitted in five minutes.

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It's Friday, which means we check in with the one and the only Bill O'Reilly, and we see how he's doing.

And I'm sure he is, I mean, if he would have been around, it would have been 13 angry men.

Bill O'Reilly, how are you?

Guilty.

I'm sorry.

Yeah.

Sorry.

So, Bill, I'm really anxious to hear, because there seems to be a split in America where we've lost all nuance.

There is this coronavirus.

It is.

It is a really bad thing for the overwhelming of our systems, and it's going to be tough to get through, but it's not the bubonic plague.

In fact, if you want that, you can go to Los Angeles and live on the streets and pick that up.

But there is a split.

People say, this is all hype and over, you know, just overhyped, and there's nothing to it.

Nothing's going to be wrong.

You're all fools.

And other people buying toilet paper like crazy.

Where are you on this?

Well, you got to break this story down into about four categories.

Political, medical, social, and financial.

yes you know a story like this overwhelms people and when people get overwhelmed they panic yep all right it doesn't matter whether it's a virus it's Godzilla I mean it when you get overwhelmed and you feel you don't have any control you panic human condition it's always been that way

and you don't have any control over a virus you just don't

So where do you want to start, Deggie?

So let's start on medical.

What is your take on medical?

I'll go through those four categories you just gave me.

So I know a lot of EMS guys in New York City.

Yep.

And they're working around the clock.

And somebody calls 911, they think they have the corona, and they go and they look at them.

Now, if they're ill, they take them to the hospital.

If they're not ill, they go, this is another nut who's panicking.

When they take them to the hospital, in New York City, largest city in the country, they get almost immediately tested for corona.

So there's no problem

in this mammoth city with testing people who have symptoms of the virus.

Everybody should know that.

So when you hear CNN go, there aren't testing kits,

it's a lie.

Where there is a problem is if you do a walk-in clinic.

So you go into a health clinic and you say, well, I'd like you to test me because I'm nervous.

Many of those clinics don't have the kits.

If you have a personal physician, they should have the kits.

Mine does.

So that's medical.

Okay, wait a minute, wait a minute, wait a minute.

That changes, though, in where you are.

If you're out in the middle of the country, your hospital will have the kit,

but they're also not

one.

One of the things I think people misunderstand is you can't go in and demand a test.

They're not just going to

show symptoms.

Correct.

So you can't.

Like I just said,

you have to be symptomatic.

Right.

Because there are a lot of nuts.

There are a lot of people who are so paranoid.

Well, I'm going to get tested.

And then if it tests negative, it was like AIDS.

The same thing happened with AIDS.

In 1984, everybody thought they had AIDS.

So

if you're calm and deliberate, you can get what you need in this medical area.

All right.

Now, let's go to social.

I think that Tom Hanks is kind of like, you mentioned AIDS, the Rock Hudson, where this is going to change things.

People are going to start to go, oh, wow.

So regular people are getting this.

And I mean, he's got a lot of protection and that he got it.

And he'll survive

or, you know, or be hospitalized.

I'm hoping and praying that he's not hospitalized from it.

Well, he is.

He's being treated in Australia now.

I've been following this story not because he's Tom Hanks.

I know him a little bit.

But I'm following the story because the most important part of the story has not been reported.

Which is how did he and his wife contract it?

Okay, so we need to know that.

Was it a casual thing?

Were you on an airplane?

He flies usually private.

But we don't get that.

And that's really the crux of the story.

You're right.

He's rich, he's famous, got resources.

So, how did Trudeau's wife get it?

Right.

Okay.

Those are important.

Those are important for people to know because now people, oh, oh,

it's one of these.

So, yes, you're right.

That brings

reality to people.

But

here's the most important thing I'm going to tell you today.

This is, you know the old cliche, this is a wake-up call.

All right, that's bull.

What this is, is a demand for you, the American citizen, to reassess your life.

Every single one of us, all 330 million of us.

Because tomorrow, you have no blanket clue what's going to come.

So nobody in January, early February, ever in a million years thought that this was was going to sweep the nation and affect every single person.

But it did, and it has.

So I'm saying to everybody, listen, this is happening for a reason because I'm a believer.

The reason is that we have become so secularized and so polarized as a people that we're now turning on ourselves.

All right?

We're not doing the right thing in our personal lives.

We're attacking other people.

There's a lot of hatred.

You've got to stop that.

Because tomorrow you can be run over by a semi, all right?

And you are not guaranteed anything in this life.

And that's the message that all Americans should be thinking about.

And you've got to live every day in an honest way, a compassionate way.

And I'm a fatalist.

I haven't really deviated here on Long Island where I am.

My behavior, I go out, I do what I used to do.

I'm not going to sporting events because they're not existing.

But if I get the disease, I get the disease, then I'll fight that battle.

But I'm not going to let it ruin my life and change my outlook on America.

And that's the most important thing that everybody can take away from this.

Bill, let me change now to politics, the third of your list of four, politics.

This is the problem I see again, this is the lack of nuance in the society.

This is real.

We have to pay attention.

The president has been taking bold steps, but at the same time, there are people that are trying to politicize this and make this as a way to make sure that Donald Trump never gets in.

But those are two separate stories, both of them valid.

Agree or disagree?

Okay.

Let's break it down.

So

the federal government doesn't have a magic wand, even though Joe Biden would have you believe that it does.

So Donald Trump's a president, and he did the right thing in the beginning.

And it was a two-pronged approach.

Number one, he isolated China from travel to the United States and he also put barriers on South Korea and Japan.

That was done in January.

And it was a very smart move and he did it.

Gots no credit from the mainstream media for doing it.

Number two, he basically now doesn't know what to do because nobody does.

Correct.

All right?

Nobody really know what to do.

If they did, they'd do do it.

Well, they are doing what they know.

It's not like he's standing around going, gee, I don't know what to do.

They're doing everything they know, but

cure the disease.

Correct.

Correct.

All right.

So it's going to infect people.

So he makes another smart move by saying to Europe, because you have open borders and anyone can walk from Turkey to Sweden,

infecting everybody along the way, we're not going to take your planes.

All right.

So that was a positive.

Here are the negatives.

He looked a little jittery on the address.

He did.

All right.

Okay, so, you know, he's a human being, although some people don't believe that he is.

But he looked a little jittery.

And the second thing was he didn't explain the Europe travel

ban as well as he should have.

Because if you're an American in Europe, you can come back.

You just have to go into a system where they're going to test you.

They're going to look at you.

I have to tell you, I got that.

I don't know what the big deal was on this.

No, but he didn't say it.

I have a training.

I know, but I but I it was implied and I understood it so okay maybe so so so that's President Trump and you the American voter can make up your mind whether that's enough or it isn't enough one more thing

President Trump's main job is to calm the nation.

I'll take you back to 1933.

First inaugural address, FDR.

The only thing we have to fear is fear itself.

All right?

Correct.

He's talking to America, and that line has tagged him, his legacy.

Well, that wasn't true.

That was not true.

Correct.

We were right in the middle of the depression, and people didn't have supper.

They had to stand on lines for food.

And that was fearful.

My grandparents went through it.

I know how fearful it stayed with my father and mother forever.

All right, so FDR basically said an untruth in his inaugural rest.

The only thing we have to fear is fear.

No, we have to fear we don't have supper.

Okay, but he did that to calm everything, to put a sense that we are going to recover.

That's exactly what Trump did

in the beginning.

Exactly.

Look, we don't want the markets to tank.

They did anyway.

But we want everybody to be as normal as possible.

That's what a president does.

Yes.

Okay.

Segue into

the Media Democratic Party alliance, which we've gone over on your program.

Okay?

They are in contact with each other.

They work together.

Immediately after the coronavirus panic hit in America, they came up with the strategy, this can kill Trump.

So whatever Trump does, it doesn't matter, whatever he does, it's going to be bad.

Here is the page one headline in the Wall Street Journal, not a friend of Donald Trump.

Quote, Trump's announced travel ban on Europe beyond surprising European capitals deepens tensions among transatlantic allies.

Okay,

and you know, F you, Wall Street Journal.

He did the right thing.

Everybody knows that Italy is is closed down and there are no barriers for people traveling throughout the country.

So by stopping travel, he did the right thing for America.

FU Wall Street Journal because you are liars.

And that's what's happening.

So you turn on the television, the hate Trump networks.

Everything he does is wrong because they want this to be the knockout punch on Trump.

Then you have Biden go on, and I am covering him fairly on billorilly.com back.

I am covering Biden.

No cheap shots.

No, he has dementia.

I don't do that.

So I'm listening, I'm sitting, and I'm waiting for one specific.

Give me one specific that you would do differently than President Trump.

I don't get it.

In a 17-minute address, I get no specifics.

What I do get is the giant federal government is going to chop this problem, not only in the USA, but all over the world, because we're going to to get cooperation.

This is Joe Biden saying.

And when we get cooperation, that's going to wipe out the coronavirus.

Is that the biggest bunch of crap you've ever heard?

Yeah, you know, it's going to wipe out the coronavirus.

The free market system and these pharmaceutical companies that everybody has hated for so long, they are going to

defeat the coronavirus.

That's what's going to happen.

It's going to be a vaccine.

Yeah.

Yeah.

Yeah.

Exactly right.

But in the meantime, this is being used to try to destroy Trump, not work together, not, you know, we're all in it together.

Let's try to mitigate the panic and try to set up a system where people have confidence in the financial markets, stop the madness.

No,

let's use it to destroy Donald Trump.

No matter what he does, it's bad.

All right.

And that's what you're seeing right before your eyes.

Let me take you one last place when we come back, and that is on the last pillar, and that's the economy.

What is really happening there, and

what should we be watching for?

Back with Bill O'Reilly in just a second.

It is Friday.

We are jam-packed today.

We're going to have to abbreviate our conversation with Bill O'Reilly, which I look forward to every week, but we have so much going on.

We'll check back with him in just a second.

Let me talk to you a little bit about Hustler Turf.

You know, mom always said, you know, life is like a box of chocolates.

You know, it's like a box of chocolates, and you never know what you're going to get.

This is our thing today, isn't it?

We're just ruining movies all day.

No, I know.

I know what you're talking about.

No, I'm just doing a hush.

My mom said that.

She said that.

I used to sit on a bench.

But even mom didn't anticipate her son

getting a job mowing school lawns.

And he, you know, he was wearing braces and stuff.

And so he was riding a hustler zero turn lawnmower.

And amazing speed, perfect maneuverability.

And the mower just proved to be the most amazing thing that had ever happened in Forrest's life.

And so he spent the rest of his life working on that job.

And people would be like, you know, run, hustler, run.

And he would just be like, it does.

It runs all the time.

I just, there's nothing that ever goes wrong with this thing.

It's great.

This is not winning any awards, this movie.

No, it's not.

It's not.

But he was happy.

He was happy.

You know, he didn't, I don't think he met that girl.

I never gave a big speech, but man,

Forrest Gump on the Hustler Zero Turn Mower, it was great.

Your neighbors are going to look at your yard and think you hired a professional landscaping crew because they're not going to see you out there all day long mowing your lawn.

The most important thing of all, you're going to look forward to cutting your grass.

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10-second station ID.

All right, so Bill O'Reilly.

Now let's talk about the economy.

Things are crazy.

Now we're up a thousand points.

Tomorrow or Monday, we'll probably be down a thousand points, and then the next day up a thousand points.

What are you looking at with the economy, and how do you think this is shaping out?

And are we doing everything we can to make sure that we're going to weather this storm?

Okay.

I'm not an economic genius.

I am a political and social genius, but not an economical genius.

Got it.

My advice to those who come to billorilly.com is quite clear.

You do nothing.

You should have stops on all your stocks anyway.

And if you have those stops, you've lost some stocks.

That's fine.

All right.

But don't buy.

Don't sell.

Particularly, don't sell.

because

the stock market will come back.

You don't know when, but it will.

So if you have IRAs and you have college funds, just sit there.

Don't do a thing.

Can't time it.

Nobody knows.

You sit there.

Painful?

Absolutely painful.

But again, this is what life is all about.

You absorb the pain.

You don't do anything.

You don't panic.

You don't sell into this craziness.

You want to buy?

You're a gambler.

You're a Vegas guy.

All right?

Because you just don't know.

I see a recession, and that'll hurt Trump's re-election, but it's not a knockout blow blow because the Democratic Party is befuddled and their nominee, Joe Biden, on Sunday night, I mean, I don't even know if the man's going to be able to get out of sentence.

So we'll see.

But we will go into a recession.

That will hurt people.

Some people will lose their jobs.

But you can be resilient, you know, but you've got to be thinking ahead.

If your employment is shaky, then you've got to look into driving an Uber.

Or you've got to look into an alternative job.

Again, you don't panic, but you have to assess your situation realistically.

Nothing is guaranteed.

Nothing in this life.

And you must prepare yourself as well as you can.

So I do foresee a recession.

I don't think it's going to be a horrendous recession.

A lot of capital around, a lot of money on the sidelines.

But when you have a worldwide panic, commerce is going to slow down.

And that's nobody can do anything about that.

Donald Trump,

how do you feel he's gonna fare in the election if what you just said happens we have a recession how

very close very close election yeah it all depends now on Biden

because Trump's support is not gonna flee him correct but he'll go in with 60 between 55 and 60 million votes That's what Donald Trump's going to going to get at this point right now.

Between 55 and 60 million.

He got 60 million last time.

And if Biden is impressive, he could win.

If he's not, Trump will get re-elected.

Bill O'Reilly from BillO'Reilly.com.

Thanks.

Sorry, Bill, to cut it short today, but I appreciate it.

BillO'Reilly.com.

BillO'Reilly.com.

We'll talk to him again next Friday on the broadcast.

You're listening to Glenn Beck.

Tom Hanks, again, pre-coronavirus, pretty upset when he got stranded on that desert island.

Remember that?

Within a week, he had a beard of a like a hungover Greek god.

And, I mean, that would put anybody out of sorts, you know, having that kind of that beard.

Well, thankfully, when he opened some of the FedEx boxes while he was on the beach, he discovered a bottle of Shave Secret in one of them.

And he was delighted.

He could shave his face with a sharpened rock at this point because it would come out smooth.

I mean, because it's really not the 12 blades.

It's about what you put on the shave, you know, what put on your face to shave.

And this is an essential blend of,

or a proprietary blend of essential oils.

And so he opened up a little tiki bar where he served himself cocktails.

In fact, he's still there,

you know, running a little bar and

put that in your pipe and smoke it, okay?

Bad movie.

Great result.

He didn't go crazy.

Shave Secret.

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Use the promo code Beck on the website, get a 10% discount at shavesecret.com.

It's fantastic stuff.

Only a few weeks away from Glenn Beck's new book, Arguing with Socialists.

It's right around the corner.

We'll give you more details as we get closer.

Welcome to the program.

I want to give you something that I don't think anybody is really talking about today because we're all worried about other things, but this is very, very important.

Listen carefully, please, to this.

We've been talking about what the Fed has been doing with what's called the repo

market.

And what this is, is a, there's like it used to be called the discount window.

If a bank was in trouble, they could go to the discount window and they could get money overnight.

They have to have law says you have to have

enough money in the vault to be able to open up the next day.

You have to be able to cover all of your debts.

So

banks generally have that.

This discount window was never opened

by banks unless they were in real trouble.

The Fed always had it, but it was a special line you would go into, and it was known.

So all the banks could go, oh, that bank is in trouble.

And when that bank was in trouble, then people would, I mean, it was really, it was a high-risk thing.

You only went there when you were really in trouble.

And it could cause you more trouble if you went to that window because everyone would know, okay,

there's trouble with that bank.

But they did that for a reason, to make sure people were really responsible with the money, the banks, and to let everybody know, hey,

there's trouble here with this particular sector or with this bank.

Well, that all went to hell.

They just opened up the discount window, and anybody can go for any reason, and it's all secret and everything else.

Let me give you a headline: Federal Reserve Bank of New York announced it's issuing $50 billion, an overnight loan or repo agreement between itself and a member investment bank in New York.

The Fed had been

participating in the overnight lending market between banks since 2007.

But $50 billion on one night to a single bank is something that has never happened before.

And for that matter, we don't know that this has ever happened since.

March 12th, Moody's downgraded Bear Stern's stocks.

Now, I'm obviously reading to you a headline from 2008.

The Federal Reserve announced it's willing to issue a $50 billion overnight loan.

March 12th, Moody's downgraded Bear Stern stocks and bonds to B to C grade, effectively junk assets as investors are concerned.

Accountants that night calculated that Bear Sterns had less than $3 billion in total cash assets versus $82 billion in liabilities, so not enough cash on hand to open their doors.

The game was over.

The next morning, stocks crashed from $40 a share to less than $10 a share before the regulators took the stock off the exchange.

Within two hours, JP Morgan had agreed to buy Bear Stearns for less than $2 a share, leveraging a 1% loan from the Fed to facilitate the purchase.

It was the largest bank collapse in U.S.

history until Lehman Brothers collapsed in a very similar fashion shortly thereafter.

Now, we all remember and recognize the names and the situation of Bear Stearns and Lehman Brothers, two giant investment banks that were caught with their pants down when the housing market and the CDO market fell apart in 2008.

We all know that.

But for the most part, what we don't know is that for both banks, there was an attempt to save them.

In both cases, the night before the two largest and most prestigious investment banks in the world collapsed, the Federal Reserve Bank of the United States had attempted to give them huge loans, tens of billions of dollars, to try to bail them out each.

$50 billion for one bank so what

last night the US Federal Reserve announced its largest this is now current history last night the Federal Reserve announced its largest ever overnight lending program larger than the attempted repo loan that was to have bailed out Bear Stearns in 2008 by a factor of 10.

The Federal Reserve last night loaned more than $500 billion

into the overnight

liquidity market.

That's where the banks show up to borrow some money because they don't have enough cash on hand to cover opening the doors the next day.

$500

billion

one

night.

Now, there are only a few banks that could possibly be measured to have liabilities or cash needs in in the $500 billion range.

Morgan Stanley, JPMorgan, People's Bank of China, Mitsubishi Financial, Bank of America, Deutsch Bank, the largest banks in China, the largest banks in Japan, the largest bank in Germany, and the largest banks in the U.S.

There is a precedent for COVID-19, the Spanish flu of 1918.

We know how to navigate those waters.

But there is no precedent in world history for a bank lending $500 billion

to another bank in one night to cover the market losses.

$500 billion is larger than the annual GDP of most nations on planet Earth.

In 2008,

it was a death rattle.

Bear Stearns

In twenty twenty, based on what the Fed did last night,

what is it that we're hearing?

What domino is weak?

They're telling us the banks are fine.

They're telling us the banks are good, and they probably are.

But a $500 billion overnight loan is unprecedented.

Keep your eye on the financial sector.

This is,

I want to be really careful, and I have been going back and forth and really praying hard, and I'm really struggling right now

because I am a guy that always sees the problems.

I see the holes in the, you know, in the Titanic after we leave the iceberg.

I see the problems, and I usually see them ahead.

Once that hole is in the iceberg, I'm one that is better at not making people panic and saying, we're going to make it, we keep going, bladder, yada, yada, yada.

I've warned you for a long, long time

that we're going to have real problems.

I'm not sure that this is it.

Everything intellectually in me, everything that I know, all the history that I have of looking at these things, everything in me says

this is

this may be what we've been preparing for.

But I don't have any feeling of dread or doom or panic whatsoever.

That's unusual for me because I'm usually the one going, don't you see?

Wake up.

And I don't have that panic.

And I honestly,

maybe I'm not,

I don't know.

Maybe I'm not worthy.

Maybe I'm not, maybe my

time to warn people.

I don't know what's happening to me right now.

All I know is I can just tell you the facts, and I can also tell you, don't panic

because I really truly believe that.

But I also need to tell you at the same time, unprecedented things are happening, and I can't tie them all together yet.

Something is off, and I just don't know what it is.

And I would sincerely ask for your prayers.

Ask for your prayers for everyone on this show, and everyone who advises me, and most of all, me, that I figure out what the heck is

that I don't doubt, and that I have

enough humility to actually hear what I'm supposed to tell you every day.

Here's what I do know:

we're not all going to die from the

corona flu.

We're all going to be on the other side.

But on the other hand,

we are facing headwinds that I haven't seen in my lifetime before.

And hopefully, everything calms down.

But things don't fit together neatly yet.

And

I would just ask for your prayers, and I would ask you to do one more thing:

stop playing politics.

Tell all of your friends, stop it.

We know that the press is not telling us the truth.

This is the time where we all need our credibility.

The press doesn't have any credibility.

So nobody is trusting what they say because they have never told the truth about any of the good things about Donald Trump.

It's all bad.

It's all everything that he does is just the worst.

That's not possibly true.

And they have no credibility.

You must have your credibility and you have to tell people, look,

we're going to lose people.

And if we lose 1%,

which is a hopeful number, if we just only lose 1% of everybody who gets the coronavirus, it's going to be bad and it's going to hurt all of us personally.

But we're most of us going to make it through it.

It's not that that we're worried about.

That's a big toll.

There's two things you need to worry about.

The overwhelming of the system because people panic.

The overwhelming of our medical staff.

And the best thing that we can do is take care of each other.

Take care of the neighbor that is next to you.

Make sure that they're okay.

Make sure that you just call each other or FaceTime each other.

Just do the things that all of our churches taught us to do.

Don't wait around for the government to tell you to do things.

You do them because, in a free society, we have a responsibility to not be reckless with our health or other people's healths.

Their health is,

you might not get sick, but if you've been exposed and you're getting somebody else sick, you're part of the problem.

We all have to make sure that we are doing the right thing

for, dare I say it, the collective, but in the way that we all understand

it.

We are all free individuals.

Now let's step up and exercise our responsibility to also

be

E pluribus unum.

All right.

All right, Stu.

Let me talk to you about that Death Star.

Okay.

Okay.

I mean the Death Star.

How do you build a moon-sized space station?

Nobody's ever done it before, right?

You know, it's capable of blowing up planets.

I mean, how do you do it?

Well, you got to know your numbers.

You got to know how many hatch doors do we need?

You know, God forbid, you leave this big open shaft there without all the right shaft doors, you know?

But you're dealing with such big numbers and volume, you don't know.

You're trying to grow the empire.

You don't have a correct count on the rebel alliance or anything else.

Impossible to manage.

If you don't know your numbers, you can't build the Death Star.

Okay.

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I'm not sure if the Rebel Alliance has it yet, because I'm not sure if it's in the future or in the past.

I don't really remember.

But if you want to be like Darth Vader and get your butt kicked, because oh, I didn't know that shaft.

Well, go ahead.

I prefer not to be that.

I want to know about the hatches that we're missing.

And NetSuite will help me keep track of everything that I need to know about.

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This is the Glenbeck program.

We just need so much more time to talk to each other.

David is in Texas, and

I'd love to hear your perspective, Dave.

Just a listener of ours in Texas on the coronavirus.

Dave, go ahead.

So you were talking talking about tripwires and things like that.

Yeah.

I think a tripwire for me was in the middle of last month when it started to leave China.

I was like, okay, we need to start looking at things differently.

And we might want to plus up on food.

But I've been using Tripwires for, well, ever since you put out your list, I think in 2010 or 11 on GDTV.

We were just talking about that off the air.

Yeah,

you put out that list and said, these are the things you need to start doing, and you need to start doing them now because it's inevitable.

So we started looking for a house two years later.

As soon as they mentioned mortgage insurance was going to be permanent, we got in two weeks before that went into

permanent

on your mortgage.

And we got into our house like two weeks before that happened.

Just certain other tripwires along the way, paying off our debt, like you said to do, buying silver or gold, like you said to do, and just getting ready.

And during that time, you know, we were talking about what do we got to do for food because you've been talking about that.

And we bought a couple of those, those preparedness kits.

Yep, yep, yep, things like that.

So, so you're not panicked.

No, the tripwire in February for me was we don't have any debt,

we got a zero percent credit card, but we get some food in the pantry.

So, that's what we did, and we did that a month ago.

And I told my wife, I said, look, it doesn't matter if this

virus really does get bad or not.

The damage is already done to the supply chain system.

I spent a lot of time in the Army, and I was logistics for like 17 years in the Army.

So I saw the disruption in the supply chain.

And early in my career, I told...

I disagreed with the just-in-time supply chain for the military.

When they took away military warehouses, I was against that.

I was against that.

And this is exactly why, because they took away production from our country and we don't have anything.

You are, David, you are, you're like the ideal listener, and I wish you were my neighbor

because you are the person that can help lead the way out in case things really get bad.

Thank you for sharing that.

Thank you for listening.

Thank you for doing the right things for so long.

We have Lara Logan, Stephen Moore, and our coronavirus update next.

I am so excited for you to hear our podcast.

It comes out tomorrow, wherever you get your podcast, or if you're a subscriber to the Blaze TV.

Did a sit-down interview for about 90 minutes with Lara Logan, and she is,

I mean, it's one of the best interviews I've done.

One of the most fascinating people I have ever met.

We're going to give you some clips of that coming up here in just a second.

Also, Bill O'Reilly was on about an hour ago, and

I haven't had a chance to talk to Stu about it, but Bill O'Reilly said something that was really surprising to me and very odd.

And I want to compare notes with Stu because

he thinks he heard the same thing.

And we don't even know what we're talking about.

We don't know what each other has yet, but I think

it was weird and worth talking about.

Also, Stephen Moore is coming up and our coronavirus update in one minute.

This is the Glenbeck program.

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All right, let's take a look look now at our coronavirus update.

Where are we on coronavirus today?

Well, total for confirmed cases worldwide, 138,000.

That's up almost 10,000 from yesterday.

The Western deaths now are, or sorry, the Western numbers are starting to

get into

hyperdrive.

We're now starting at the beginning of that curve that is almost straight line up.

Total confirmed deaths worldwide is up about 400 people yesterday.

Not bad.

Total confirmed recoveries worldwide is up 2,000 from yesterday at this time.

132 countries have now confirmed cases, up from 125.

Four more now have suspected cases.

9% of active cases are considered serious.

This is the best news about it, and you're not hearing anything about this.

Two weeks ago, it was at 19%.

Now that is confirmed cases that are considered serious requiring some sort of hospitalization.

Two weeks ago, 19%.

Today, it is 9%.

That's great news, and only 3% of the patients are requiring ICU.

The U.S.

now has almost 1,800 confirmed cases, 41 deaths.

That is up about 500 cases, 38 confirmed deaths yesterday.

In the U.S., only Alabama, Alaska, West Virginia, and Maine don't have at least one case.

We're now closing schools in at least six states.

I think this is,

if you are one of the school administrators and you are meeting, the smartest thing you can do right now is just say, you know what, kids, you're coming back from vacation, spring vacation, spring break, take another week.

That's what our kids' school has just done today.

Take another week?

Another week.

I think it's really, really smart.

It's going to be hard on parents

for multiple reasons.

I mean, do you want to spend the day with your kids?

If we are all locked up, do you know how many kids are going to die?

Not from coronavirus, just from

the old Homer Simpson, Bart Simpson strangled.

Yes.

Schools closed now in at least six states.

All public schools in Ohio, Michigan, Maryland, Kentucky, and New Mexico were told to close beginning next week.

Schools in Washington, California, and New York may join in by Monday.

The proposed length of closures

range from one week to four weeks.

Some schools shifting to at-home reading plans, others offering partial lessons via live video conference or recorded video lectures.

The top Ohio official estimate now says at least 1% of Ohio's population is infected with SARS

COVID-19.

The exact statement is we've had 11 million people here in the state.

We are a state of 11 million people, so the math is now over 100,000 that have this.

This according to the Ohio Department of Health Director, Dr.

Amy Acton, the rate and spread and fatality prompted her to recommend closing all schools in Ohio by today.

She said that gives you some sense of how this virus spreads and is spreading so quickly.

The virus is already in your neighborhood.

The virus is already,

you know, with someone you know.

We are way, way behind, and that's because symptoms don't show up.

Now, the closings are Fast and Furious 9 been pushed back.

College has canceled

almost all throughout the country.

Can we go back for a second?

I'm worried about the Fast and Furious 9 thing.

Me too.

Because usually they come out like every three months.

So that means 9 would be pushed like behind 12.

You'd see like it would be like eight, then 10, 11, 12, 9.

You don't understand 10 and 12?

You know, if you didn't see 9.

Broadway has closed.

Broadway is closed.

All schools in France are closed.

Live Nation calls for a postponement of all large-scale music events.

Listen to this.

Listen to this.

Universal Studios.

Closed all theme parks.

Disney.

Disney.

Closed all theme parks.

Anybody who says, this is just a conspiracy, everybody's overreacting.

No one closes Walt Disney World.

No one closes Walt Disney World, Disneyland, Tokyo, Paris.

No one closes that.

Let's just light billions of dollars on fire to make a point eight months before an election.

It makes no sense.

It makes no sense.

It makes zero sense.

And also, no one is pressuring these gigantic companies to do that.

No official is leaning on Disney.

I mean, if anything, Disney leans on officials.

Well, there was a report that that happened in California, but I would not be surprised.

I mean, worldwide, the global Disney chain.

You might say there's an outbreak in Anaheim or whatever in California, and they're like, hey, close the park.

It's not good to have all these people traveling in.

And Disneyland, but not Disneyland, Disney World, Disney Tokyo, Disney France.

They don't do that.

And I do think

you know, the administration is probably making clear what their preference is, but it's not just this administration, right?

Like countries are closing down.

Italy, India, India.

I mean, India quarantined itself off from the rest of the world.

It's one of the largest economies on earth.

This is one of the biggest, this is the biggest problem here: is that people think you're overreacting.

And when we get to the end of this, hopefully it will appear as though this was a massive overreaction.

Because the idea of keeping everyone at home and closing these things is so that it doesn't become this huge thing.

So, if we're successful,

everyone will say, that was, see, look, Donald Trump overreacted, or you overreacted, or the me, whatever.

This is one we want to be wrong about.

And the way to prove us wrong is to stay home,

but not be crazy about it.

All right, let me go back to our coronavirus update.

So those are the numbers.

That's what's actually being closed all around the world and elsewhere.

The director of the National Institute of Allergy and Infectious Diseases appeared Thursday to downplay the hype surrounding a congressional doctor's estimate.

A congressional doctor came out and said about 70 million to 150 million coronavirus cases could happen in the next year

here in the United States.

Well, the director of the National Institute said, okay, well, that's based on a model, and I'd love him to give this lecture to all the

computer modeling scientists for the weather trends and the climate over the next hundred years.

He's like, that's based on a model, and those things can change and and be wrong quickly.

Let's not freak out.

Let's just remember that it could be.

Satellite images today appear to show mass graves in Iran where they have thousands of COVID-19 victims.

And a man in Italy is on YouTube and Facebook.

He is

distraught and just doesn't know what to do.

He says, I have my sister in bed now.

She's dead and I don't know what to do.

Please, someone help me.

I can't give her the honor she deserves because there are no institutions that will now take her body at this point.

I've contacted everybody, but no one will give me an answer.

What do I do?

Italy's case fatality rate is still over 8% of all confirmed cases.

Apple has now reopened all of its stores in China.

Perhaps it's an indication of this too shall pass and it will.

Just be smart.

I believe people are starting to understand.

This doesn't mean that we are all going to die because we're not.

What we have to worry about and police our own selves is don't spread it to other people.

Try not to get it by being around other people.

Do all the things the CDC tells you to do.

What we're worried about is the overwhelming of the healthcare system.

We don't have enough beds if people get sick and have to go to the hospital.

People are not going to find this pleasant if you are put on a cot in the middle of a gym or in some, you know,

astrodome kind of situation like we had after Katrina.

People are not going to like that in America.

And that's what it's it's going to be.

Not major death,

but just a major disruption to our healthcare system.

And it's not going to go well.

May I just say, before we take a quick break, Stu,

I was concerned with Bill O'Reilly because I've never heard him talk this way about, you know what this is?

This is a giant, not, he said, this is not a wake-up call for America.

This is a demand that we reevaluate our lives and reassess and realize

we're way off track with God and our priorities.

Was that weird?

Yes, that was very weird.

That's what you heard, too, right?

That you were like, whoa, what's that?

Because, Bill, I mean, every time, because you go into these rants, you're like, we need to stop and think about where we stand.

Bill, what do you think?

I don't know.

Back, I just analyzed the news.

He always does that.

He always kind of brings it back to the sort of pragmatic level.

What do we know?

What can we glean from

what information we have?

That was like he went all like new age on us for a second.

Like he stepped back and he was like, you know, this is something that just makes you think about the way you're living your life and what are your priorities.

And like, that's not normal Bill O'Reilly speech.

It's not.

I don't,

what do you assign that to?

I don't know.

I do believe that Bill is a God-fearing man.

And he said some God stuff in there.

He's a God-fearing man.

And I think that

I think this is a demand from the heavens.

Wake up.

Wake up right now.

Wake up.

This is not, and I don't want this to be twisted in any way, even though it will be, but I want to be on the record right now.

This is not some punishment from God.

This is not anything like that.

This is just a situation that reminds us that the most important thing about our country is the freedom of the individual and the rights for that freedom that have been given to us to protect.

They are on the way out.

And in my opinion, unless we recognize our role and stop,

it's not like we're even chasing God out of the square.

It's not.

We are intentionally breaking all of his basic rules.

All of his basic rules are just thrown out the window, and

we become proponents for the opposite of what God has taught.

And no society survives that.

And it's why we were doing the

thing

in Gettysburg

this summer.

And we'll have some news on Gettysburg for July 4th.

But

I will tell you, it has to be done.

It has to be done.

We have to renew the covenant.

and that's a personal thing that's not a government thing that's not a theocracy thing that is those of us who understand

the role this land plays

and the role and the importance of this land for the freedom of all mankind we must turn back around and pray, Lord, heal our land, heal our people, heal our differences, bring us back.

We will do what we have to do to live a righteous life.

We need to, as Bill O'Reilly said, it's a demand to reassess your life and reorder your life.

And

in the end, this could be

the best thing that happened to us if we care to save the Republic, because perhaps we go back and remember that this isn't about politics.

This isn't about money.

This is about each other.

This is about being decent and honorable and working for a better future for our kids.

All right, Moore, in just a second.

We have Stephen Moore coming up.

Also, I have to talk to you a little bit about Laura Logan.

We did an interview with Laura Logan.

I just love her.

We'll stop there here in just literally one minute.

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10 Second Station ID.

We have a really exciting summer coming coming up for you with some

introduction of some plans and some things that we've been working on for a very long time.

And we'll get to those later on as we get into spring and summer.

But tonight on TV, you want to break from the coronavirus for a few minutes and you want some really good news.

I'm sitting down tonight on the big story with a longtime friend and educator, David Barton.

We are working on a really exciting new project together, and he's been working on this.

I'm going to let him tell the story.

But all I can say at this point is, George Soros, you should be concerned.

You should be concerned.

This is something that I have said we need to do since I discovered the Tides Foundation, and I started learning about that.

And I'm like, where is our side?

Well,

we're ready to tell you about where our side is.

Just one little piece, and you'll see maybe a little bit more, fuller scope by the end of summer but it's the big story tonight for blaze tv subscribers only it's our friday big story uh show on blazetv.com subscribe right now blazetv.com slash glens commercial free tonight you don't want to miss that also laura logan

i don't think we have time to play anything do we laura logan

is one of the greatest journalists i've I've ever met.

She is

amazing.

I had so much respect for her.

And then I sat down with her and spoke to her for 90 minutes.

And my respect level went through the roof.

This is one of the bravest women I know.

She just thinks differently.

She is on it.

Any topic that we talked about, she was right there.

She was on it with real insight and facts.

She's an impressive woman.

Now, if you're already a subscriber to the Blaze TV, you can get that now.

It's It's downloaded, I think, every Thursday.

We post that for subscribers so you get a couple of days early.

If you are not a subscriber to Blaze TV, you can become one or just subscribe wherever you get your podcast.

We send it out on the radio podcast feed.

We send that out on Saturday mornings.

So you will get that wherever you get your podcast.

And you'll also get it at YouTube as well on Saturday.

Okay, but available now.

Don't miss either one of those.

All right.

We have Stephen Moore, longtime friend,

econ guy, extraordinaire, to talk about what's happening with the economy and what the Fed did yesterday.

Maybe he can help figure that out.

Next.

You're listening to

back.

So pretty boy Ryan Reynolds finds himself in a real pickle when it comes, you know, his little real estate problem.

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You know, maybe a fresh coat of paint and a new roof.

Maybe that would help.

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Temperature started to drop as soon as they walked in.

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Welcome to the Glen Back program.

We're glad you're here.

Next Wednesday, I'm going to do a show again on the coronavirus.

And its title is Just the Facts.

We want to do it all by the numbers and show you what's really going on.

I would like to know what you would like to know about the coronavirus.

Could you please just tweet to us with the hashtag JustTheFacts?

Any question that you have, anything that you want to know from any of the officials.

We're in touch with the government officials.

We're asking them the questions.

We're getting the real answers for everything.

We need to know what is it that you want to know, you need to know.

So please just hashtag just the facts

and tweet it to us so we know your questions and we'll have those answers for you next week.

Stephen Moore on yet?

Okay, so Stephen Moore is going to be on.

I haven't talked to Stephen in a long time.

He's been crazy, crazy busy.

I was hoping that he was actually going to be

a new Fed chair.

I know.

Missed opportunity for America, unfortunately.

Really, really is.

I thought, you know, hey, we got to look back at an old tweet that he made a joke 12 years ago.

So that's society evolving.

Let's go back and look at what people wrote in their journals when they were eight.

And I can't wait to find out what that is.

So we can.

I can't remember what it was.

I hope hope the person who cures the coronavirus made an offensive joke when they were 15 so we can throw out their cure and demean them and throw them out of society that's what I how I hope this ends that's that's the way we deserve I think at this point

I agree with you on that one Stu I mean I just

but you know what they would be cons they would be consistent if they did

If you know at least they'd be consistent.

Yeah, you know, but they don't actually mean any of those things.

They don't mean any of those things.

By the way, I guess something has come up at the last minute.

Stephen Moore can't join us.

We're going to see if we can reschedule.

I'm really curious as to what the Fed is doing right now.

And I think this is because,

look, there is no

anybody who is saying that this is

happening because

it's a plot against Donald Trump or whatever.

This is happening all over the world.

This is not a global plot

against Donald Trump.

And we are all taking these huge steps because

we saw what's happened now in Italy that didn't take these steps.

We're seeing what's happening in France and in Germany, which didn't take these steps, and what China did.

Now, China is a different story.

We are not able, and nor do we ever want to be, be, able to track people with drones.

And remember, that's where they were.

Well, we'll probably be tracking people with drones.

Let's not get too crazy here, but we don't take these steps.

We don't eliminate freedom.

We have a constitution to stand up with, too.

And so that requires us to have

reasonable people who will do the reasonable thing for all of society.

And there's going to be those people that are like, I'm not doing it.

Okay.

All right.

Just don't come to my house.

Okay.

Let me know.

Wear a t-shirt.

I'm not doing it.

That's you.

Wear that t-shirt so all the rest of us know.

All right.

You've probably been places that, you know, he's been to the cough conference where everybody just gets together to cough in each other's faces.

They should really just call it the coughference.

I like that.

It would safety.

It would be efficient.

Yes, I like that.

The economy of words is important, of course.

He is able to come on in 10 minutes.

Should we try to break on the early side?

Yeah, break on the early side and see if we can do that.

It would be a short interview, but it would be worth it to get Steven on.

Yeah, because there's some things that are happening, like the closings of schools.

That is going to really impact a lot of families.

I'd like to know, did you see what Nancy Pelosi tried to put in?

Oh, the abortion funding thing?

Can you believe that?

And then the way it was covered by the media.

I can't believe the GOP is holding this bill up because they care so much about abortion.

What does abortion have to do with this?

Well, that's our point.

What does abortion have to do with it?

Why are you putting it in the bill?

It has nothing to do with COVID-19.

It's so despicable.

It is.

To say that, oh, you know, Donald Trump, he doesn't care.

He's just using this political.

Really?

Really?

And you're not opening up funding.

You're not doing things because you are insisting that abortion is funded during a time of crisis?

It's despicable.

Unbelievable.

All right.

We'll take a quick break now, Station.

We're going to break early so we can have Stephen Moore on with us in just a second.

Standby.

Wonder what happened in his life that...

Ooh, let's speculate for five minutes.

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This is the Glimbeck program.

Welcome to the Glenbeck Program and hello to our good, dear friend, Stephen Moore, who I haven't seen in a long time.

Stephen, how are you, sir?

Well, good.

I wish we were getting back together under better circumstances.

I know, I know.

First of all, I have to say, it was a huge loss for America when

you didn't go to the Fed.

It would have been fantastic for America.

So thank you for everything that you've been doing and have done, but huge loss.

You know, thank you.

And by the way,

I haven't really been too sorry about that.

You know, I have a great life and I love what I do.

But, you know, right now, I kind of wish I were with the Fed because I think the Fed has been way behind the curve.

I think that they have

not been on top of the, you know, we've got a deflation going on in terms of prices.

And I think the the Fed should be doing more to get more dollar liquidity in the economy.

And I'd be shouting from the rooftops.

But anyway, thank you for saying that.

So, Stephen,

sometimes we disagree on things that we should do.

Not always, but

you may be surprised.

And I need your advice on this.

This is the kind of stuff that the government should be doing.

I didn't like the bailouts of the banks.

I hated all of that stuff.

This is nobody's fault.

This is an act of God.

We have to protect the system, but we also have to protect the people.

So I want to start first with the Fed, what they should be doing.

Please explain that $500 billion overnight loan last night.

And so let's start there with the Fed.

Then I want to go to tax breaks and everything else that we should be doing.

So on the Fed, look, I think that we've been in a deflation for now for several months.

I like to look at what's happening with commodity prices because you could go on

your

iPad or your iPhone right now, and it'll tell you exactly what's happening with the prices.

And they've been crashing.

Commodity prices are down about 25%

in just the last number of weeks.

Now, that's partly obviously due to a reduction in demand for these things because the economy is slowing down.

But I think the Fed needs to put more liquidity into the economy now.

The dollar, look at every indication.

It's showing deflation.

There's zero inflation in the economy right now.

When you've got a 30-year Treasury bill at 1% and you've got a 10-year Treasury at 0.7%, and you've got a flat yield curve, and you've got a dollar rising in value, and you've got commodity prices falling, that means there's an insufficient amount of dollar liquidity.

So I think that the Fed should lower rates again.

I think that they should get rid of something called interest on reserves that banks

can

get a

1%

return on just holding out of their money, which is a bad thing.

And so I think the Fed has to do that.

But on the bigger issue,

what worries me the most in terms of the policy response is, let me say this loud and clear.

Everything that Nancy Pelosi is proposing, every proposal she has, would make things worse, not better.

Give me an example.

Be specific in one example.

Okay, I mean, you know,

more food stamps, unemployment,

Medicaid.

You don't do the things that are bad for the economy.

All you're doing is encouraging people not to work and not to be productive.

And when you pay people not to work, guess what?

You get more work.

Now, there are some circumstances where people should not go to work.

I mean, I get that.

We're living in a new environment.

What we ought to do is a broad-based tax cut.

Because I agree with you, Glenn.

You know, this is an extraordinary circumstance.

This is a national emergency.

It could be worse than 2008.

I I mean, we could see paralysis in our economy for a month.

So now is a time to do big things.

And what I would do is I would suspend the payroll tax through the rest of the year.

That's exactly what Trump is talking about.

You don't like that idea?

I love that idea.

First of all, because of Reagan, you'll never get it back.

I mean, he said, once people start looking and go, wait a minute, I make how much?

I love that for other reasons.

But I have to tell you, that helps the employer and the employee.

It doesn't target anyone by doing payroll tax and just a hiatus.

And if you do it till the end of the year, it's enough to where those companies will use that money to

perhaps invest more long-term.

Well put, Boy, you've got it exactly.

You and I think exactly right on that one.

And I think it's clean.

It doesn't discriminate.

I don't like the idea of help.

We're going to help the look.

There are a lot of industries that are distressed right now.

But guess what?

Virtually every industry is distressed right now.

Everyone.

Everyone.

Everyone is.

So if you start picking winners and losers, that's a bad idea.

Thank you.

What I like about this is it's clean.

Everybody gets it.

You're not picking winners and losers.

And, you know, by the way, you're right.

People, you know, if you do this through December and then come January, people go, I'm paying how much in payroll tax?

Oh, yeah.

You and I've talked about this over the years.

People don't know how much they pay because it's withheld from their payroll before they see their payroll tax.

Correct.

Correct.

So let me ask you, Stephen, the odds of this happening, because the Democrats don't want that for obvious reasons, but there are a lot of Republicans who also don't want that.

So the odds of that actually happening.

Well, look, I think, you know,

as you know, I love this president.

I've been with him, you know, pretty early on.

I helped him do the tax cut for him.

I think he made a mistake, a strategic mistake.

Let's see.

I'm getting

Wednesday night.

That speech was poor, in my opinion.

I think what he ought to have done was, you know,

first of all, this is a time to overreact, not underreact.

Correct.

This is a time to take extraordinary measures.

And I think, frankly, most people in the federal government have been behind the curve on this.

When we saw what happened in Italy, the sirens should have been going off.

That, you know, if this happens in the United States, we've got big problems.

So I think what he ought to do, and he's going to speak to the nation again today, I think at three, what he ought to do, in my humble opinion, is

he should stare straight in the camera and say, I want a total suspension of payroll tax.

I want it through the end of the year.

Nancy Pelosi, get me a tax cut in 24 hours, and I will sign it and we'll get this into people's paychecks next week.

And don't negotiate with that woman.

I agree.

Because nothing she wants is good.

Reagan did that.

You know, Roosevelt did that.

In big moments, you take charge.

He's the commander-in-chief.

You don't negotiate.

You say, this is what we're going to do.

Do you think he's getting that advice today

and really hearing it?

Do you disagree with me on that?

I don't disagree at all.

Big, bold moves.

Yes, big, bold moves, and this would be one of them.

And I think

it would provide a bit of confidence.

And people, there's been a big overreaction to this virus, but it is what it is.

We're going to see a shutdown in economic activity in the next two or three or four weeks, and that's going to be real damaging, and we've got to do things big.

And I think Trump, this is, let me put it like this, Blen.

This is the Churchillian moment for Donald Trump.

Yes.

And he's got to step up in a big, big way and take charge.

And don't negotiate with Pelosi.

Right now, she looks like the co-president, for goodness sakes.

How bad is this going to get economically

for the country if it just plays out,

not Italy, but,

you know,

we have real problems.

It's going to be bad.

We're going to have a pretty bad recession for the next

six, eight weeks.

But then I think once it's over, I think the economy bounces back.

I know you've got to run.

I've got to run.

And my last piece of advice is, folks, don't sell your stocks now.

And I'm not saying that the sell-off is done.

But if you're in the market for, you know, for, you know, two, three, five, ten years, you don't want to be selling stocks in the down market.

It never makes sense.

Yeah.

Stephen, thank you so much.

I'd love to spend some real time with you again.

Regularly on this.

Yes, please do.

Thank you so much, Stephen.

Appreciate it.

Stephen Moore, just a really good guy and quite brilliant.

And as I said at the beginning, kind of a real loss for America with him not at the Fed.

Can you imagine if he was at the Fed today?

He would be big and bold, right?

He'd be doing that.

Yes.

Yeah, he's great.

I mean, Stephen, and it's interesting to hear him talk about those ideas.

I think he's right on that.

I mean, I think the more bold and big that we can be at this point, you know, it's that thing where

it's almost no way to be right with COVID-19 because if you do it right, it won't be as big a deal and it'll look like you overreacted.

Correct.

And if you don't do it right, if you don't go big at the beginning, then it will turn into something large and it'll look like you didn't do enough.

So what you want, the ideal impact here, is to look like you did too much early and it wasn't that big of a deal.

I want that to be the outcome.

And the other thing that you really need to understand is Nancy Pelosi is going to go for things like, you know what, let's just start sending people a paycheck, basically universal basic income.

Because just like the payroll tax, people aren't going to want to go back.

You don't want to introduce things like universal basic income at this point because it will never go away.

All right.

Don't miss the podcast tomorrow with Laura Logan and tonight on TV.

Special announcement

you don't want to miss.

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