Coronavirus: The Economic Black Plague Is Just Beginning | 3/9/20

Mike and Alyssa are always trying to outdo each other.

When Alyssa got a small water bottle, Mike showed up with a four-liter jug.

When Mike started gardening, Alyssa started beekeeping.

Oh, come on.

They called a truce for their holiday and used Expedia Trip Planner to collaborate on all the details of their trip.

Once there, Mike still did more laps around the pool.

Whatever.

You were made to outdo your holidays.

We were made to help organize the competition.

Expedia made to travel.

Hello, America.

It's Monday.

Today, there is a lot to cover.

Today, the stock market is already down in the futures market, 1,200 points.

We may see the market stopped a couple of times, once, twice today.

They already had to stop the futures from being sold,

and it's going to be an interesting ride.

I have a lot of things to talk to you personally

today to prepare you for what,

where we're headed.

And the worst thing you can do is panic.

The worst thing you can do, quite honestly, is to make this political in any way, shape, or form.

And be very careful who you listen to.

Now is the time.

You must have your credibility.

Now is the time that you need to know the facts and not panic.

We will have our coronavirus, our economic virus, and all the other viruses on the plate today for you to be able to consume in an understandable way and share with your friends.

We begin in one minute.

This is the Glenbeck program.

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Welcome to the program.

I want to talk to you personally today, and I need to start here.

I would ask

in

all sincerity, and this isn't one of those things where you say, oh, yeah, I'll do that, and then you never do it.

I'm asking that you would keep me and our staff in your prayers

every day for at least the next few weeks.

As I will talk to you about it

here coming up on today's show, this is a show that you don't want to miss a single minute of.

If you do have to go into work or you're whatever, listen to it later on the podcast.

Just go back and pick it up.

Make sure you're listening to the podcast today.

There's a lot of really important information and a lot of

personal information that I want to share with you.

And when I say personal, not about me, but I mean about us and you and things that will directly affect you.

And if you're a longtime listener of this program, if you've been with us through 2008 and

all of those crises,

this is the time you need to start listening to the program.

And I would ask for your prayers because I do not want to say anything

that is coming from me.

I want to be able to make sure that I know the difference between

the Lord's voice and my voice and not mix those two up.

I am really torn inside, and

it is something I haven't felt before.

And that is,

I've always told you, if you're a longtime listener of the program, you do not want to be with me on the Titanic because I am freaking out the entire trip to the iceberg.

But once we arrive at the iceberg, the place I told you we were going to hit,

I told you, the minute we hit the iceberg,

you want me on the ship because I'm going to find the band.

I'm going to find the lifeboats.

I'm going to help organize.

I'm going to keep everybody fine until they're all on the boats.

And I'm really torn because intellectually

I see over the horizon of what this actually means.

And it's not the virus itself that concerns me.

It is the economic and global reset that I think is coming.

And you're going to start seeing it today.

And this story changes today.

So I see all of this and I'm going to take you through it.

But at the same time, I am fighting with myself because I feel like I need to tell you all of these things and you need to understand them so you can go out.

But I am

I'm hesitant to do it because the spiritual side of me is saying it's all okay.

It's all okay.

It's all okay.

And that's usually only happens in my life through history.

I mean, Stu's been working with me.

Pat's been working with me for 30 plus years.

They know whenever things get dicey, that's when I'm like, it's all okay.

And that's the way I feel today.

I want you to know that

and listen carefully.

to what I am I'm telling you.

First of all,

our credibility, your credibility, your credibility with your family,

our credibility on telling you things.

If we get something wrong, we will admit it first.

We will, as soon as we find out, we will correct it and we'll lead with it because credibility is everything.

Credibility with the media is so badly damaged right now, and they are only dogpiling.

Do we happen to have the MSNBC audio?

We just played it in the four-minute buzz of how they were speculating that this could be the thing,

this could be the thing that takes Donald Trump out.

Listen to what I consider this is almost evil.

This may be Donald Trump's Katrina.

Yeah, you can have to interpret him because of my role in that.

I mean,

let's just lean into that for a minute.

I mean, Katrina was the moment when all of the things that felt incredibly incompetent about the Bush presidency, the appointment of Harriet Myers to the Supreme Court, the botched attempt to pass Social Security privatization.

Stop.

You don't need to even hear any more of this.

What they're saying is this could be it.

It wasn't Russia.

No, we couldn't get him on Russia.

We thought it would be Russia.

Then we thought we could get him on the Supreme Court.

It wasn't that.

Then we thought we could get him on the women and we couldn't get that.

Then we thought we had him with that perfect phone call and it wasn't that.

This might be it.

This might be it.

This is so evil.

We are at a time right now where all Americans are going to be afraid.

All Americans are going to be worried.

All Americans are going to be impacted either economically or with actual health issues.

I tell you now.

Somebody said to me this morning, they walked in and said, how you feeling?

I said, I'm feeling fine.

What are you talking about?

Oh, CPAC.

Okay, if you don't know, just real quick, CPAC CPAC came out, I think it was on Friday, and said, it looks like somebody that was there has now been confirmed has the coronavirus.

They didn't know they had it at the time.

They weren't in the main hall, but they did go to several sessions.

One of them, one of the people that met this individual was Ted Cruz.

And I said, I'm fine.

I'm fine.

When I heard this, everybody was freaking out.

Glenn, did you, how are you feeling?

I'm fine.

Look,

we're all going to get this at some point.

We're all going to get this.

They are saying anywhere between a 40 and 70 percent

total of the globe population is going to have this.

Now, you add this for a year, for five years, because this isn't going away.

It's going to change.

We're going to have a vaccine, but we're all going to get this.

Children are not affected by this.

They may get it, but no child under 18 has died.

The median age for being affected, really seriously impacted, is 60.

And that means you got to go to the hospital.

It's a flu-like kind of illness for the vast majority of people.

The median, median age of death is 80.

Now,

I have many friends and family members who are 80.

I don't want any of them dying.

This could cull a large number of people.

I'm in the danger zone myself.

I'm 56.

I'm approaching that median age of having to go to a hospital if you get it.

I also have an autoimmune disorder.

That doesn't bode well for me.

But we're all going to make it.

And yes, we'll lose some people along the way, but this is not the bubonic plague.

This is just a very

nasty virus, and we will find a way through it.

What you must pay attention to

is the simple things.

Wash your hands.

Don't touch your face, by the way.

Marissa said, you know, we touch our face how many times a minute?

Like 10 times?

Three to five times.

Okay, according to the movie contagious.

Well, there's another thing that I saw just last week where they're like, don't touch your face.

You touch your face.

I don't remember.

It was some crazy amount that you touch your face every.

Wash your hands.

Okay, wash your hands.

Don't pick your nose.

All the things that we learned when we were five,

do those things.

All right.

Start distancing yourself from people.

And, you know, for instance, Easter.

No relatives are coming over for Easter unless they live right around us.

But

just stay in your own circle.

I'll tell you what we're doing here as a business that you need to be aware of and you should be doing if your business.

But there are other things that you have to prepare for.

The thing that you must prepare for right now is a financial impact.

We lost in 2008, we lost about a quarter of a trillion dollars in that year

in GDP.

A quarter of a trillion dollars is

how we were impacted.

This, the estimates are around a trillion dollars.

So

a lot more of an impact is coming on the economy.

And I want to explain that to you so you understand and so that you can tell your friends because the Democrats,

and I'm not saying that the Democrats are different.

If it was reversed, I'm sure the Republicans would be doing it too.

But the press is no longer free.

The press is in the bag for the Democrats.

So they are doing the bidding of the Democrats, and it's extraordinarily dangerous.

You need to understand what's coming with our economy, and I'll go there in one minute.

Jenny, she lives in Texas.

I've talked about on the show a few times before.

Texans have, well, we make different kind of people.

They're tougher.

Jenny's tough.

She survived being hit by a car, and she was out walking around about a year ago.

She was injured, and her lower back and her legs, she was in.

tremendous pain, but she survived.

Now, over the course of the past

she just, you know, you kind of get to that point where you're like, was it worth surviving this?

Jenny finally discovered Relief Factor, and I'm so glad, Jenny, that you did.

She started to take it, see if it was helped.

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10 seconds, station ID.

All right.

Let me.

I want to spend some time breaking down the economy, and then we'll go through what is also coming with the virus today.

Let's look at just a single conference.

Let's say it's South by Southwest.

Okay.

A single conference where people have bought their tickets, they've got the airline, everything else.

Thousands of people are coming.

each of those presenters each of those companies that put on conferences like this have put millions of dollars into it

conferences aren't cheap now

they cancel let spider web out because this is the part that you really need to understand

we must start to self-quarantine and not get sick and I'll explain why that is so important and it's not because we're all gonna die it's not because of that there's another reason I'm gonna go into this on Wednesday on our Wednesday night special it's critical that you understand

what is happening and why we're having to quarantine ourselves now spider web just the we can't go to a conference just this one

The loss of revenue for the airlines that would have flown them, the Ubers that would have shuttled everybody around, the hotels that would have housed them, the cleaning staff, the restaurants, the stores.

Then back to the conference.

How about the shipping companies, the facility providers, the catering, the staffing, the local rental companies, the

sound and lights, the security, all of the Ubers that would have taken those people around.

That's not even counting the tax revenue that is now lost by the city.

Think of that one conference and the impact that that one conference has.

Now think you're Milan.

You've now had to cancel your fashion week.

You're New York and you have to cancel all the things that were happening at the convention center.

You're Columbus, Ohio.

You have to do the same thing.

There are millions of these things that are quickly going to be canceled and are going to be part of our new normal.

The reason why it took us so long to cancel our cruise, everybody was like, we got to cancel that, we got to cancel that.

And I kept saying, relax.

The answer is going to become very clear.

Over the weekend, we canceled last week.

Listen to all of the details.

Please do not take any of the details I'm giving you here.

You can get them all from Cruise Builder

if you were on that cruise.

We're going to reschedule, et cetera, et cetera.

But

just this weekend, the State Department came out and said, you shouldn't be on a cruise.

Nobody wants to cancel these things because you don't, A, want to panic.

You also, B,

don't want to be on the cutting edge of freaking out so everybody freaks out.

At the same time, you also don't want to be the one who's sending people on to a ship or to a convention and somebody gets sick.

I feel bad for the people at CPAC.

They're taking a beating right now.

Nobody knew they had it.

Why is anyone beating up CPAC?

You know, I went, Stu went, we've talked about it.

Coronavirus is going to be there.

It's going to be there.

It's everywhere.

Okay.

It's everywhere.

It's nobody's fault.

Stop thinking that way.

All right,

so this is where things begin to hit the stock market.

Now, how much is this costing you personally?

Do you want to look at your 401k?

Because I can guarantee your 401k is down.

The stock market hasn't even opened yet.

It opens in five minutes and it's down 1,255.

1,200 points, and it's not even open and we're at the beginning of this people don't understand what's coming so

do you get out of the stock market now

see the problem is where do you pick it up again where's bottom because this isn't bottom so do you panic and get out now if you're already

if you've you're still in

How much have you lost?

You've lost today at the opening bell.

you will lose another 5%.

So where's the bottom?

And how fast does this turn around?

Because it all turns around the minute a vaccine is found and we can immunize people.

We're still going to have bumps in the road because of all of the things that have already been canceled, but it all turns around.

We tend as Americans to do the stupid thing.

We buy Bitcoin when it's high.

We buy stocks when they're high.

We buy houses when they're high.

We don't buy things when they're low.

That's when you're supposed to buy things.

There's

a normalcy bias

that happens.

So now, what do we do?

What's coming our way?

What are the opportunities and what are the real costs that are coming?

How does this all play out in your life?

Coming up in just a couple of minutes, stand by.

You're listening to Glenn Beck.

American Financing NMLS 1-8-2-3-3-4, www.nmlsconsumeraccess.org.

You are going to, this is the prime time, prime time to be able to

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You're going to be able to save thousands of dollars.

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We are now looking at the Dow down 7.5%.

It's the largest drop in stock market history as far as points.

It is now 1884.

looks like they just shut the market off is that possible

the numbers have just stopped time is frozen i know could be it could be that it could be that is it a seven point drop i thought it was a five five

do we know i believe i thought you said it was seven point drop uh marissa who's in here was so reading this to us seven point i think at seven percent they they stop trading for 15 minutes i believe um if it goes down to 13 they stop it for another 15 minutes.

If it goes down 20%, they

close it for the day.

That's based on the S ⁇ P 500.

We're looking currently at the Dow, which is down 7.3%.

7.3% would be the,

if it finished here, would be the 13th biggest drop in history when it comes to percentage.

However, as far as points go,

it would be the biggest drop in history by about 50%.

I mean, the biggest...

Points don't count.

I mean, remember, we were at, what, 11,000?

There's a dramatic factor to that.

There's some psychological value, I think, to that point.

But the biggest drop ever, you may remember this.

It's kind of, if you have like a really good remembrance of history, you may remember this.

It was from February 27th, 2020.

So I don't know if you can go back that far in your memory banks, but that was 1,190 points.

It was coronavirus related.

Yeah.

So, I mean, a part of this, you're right, is the fact that the market is up so much that these drops of 7% are a lot higher in point value.

That being said, you still, there's a psychological, I mean, 1,800 points in

the market's been open in how many?

It was five, it was

under five minutes they closed it.

Yeah.

So 7% for level one, level two, level three, it's 7, 13, and 20.

So decline, 7%.

They just stopped the market for 15 minutes.

Let everybody catch their breath.

Let some phone calls happen.

Hey, hey, don't panic, everybody.

Then, if it opens, if it's down 13%,

then they close it for another 15 minutes.

If it goes down 20%, they close it for the day.

This is a wild ride.

And the good news here is that if somebody announces a vaccine, this pops right back up.

It is

some of this now is just freaking out.

Anybody who is listening, oh, I got to get my 401k, that's a freak out.

The numbers that have been coming and softening are twofold.

One, there needed to be about a

10 to 15 percent correction in the market.

We've been do that for a long time.

So maybe as high as 20 percent of the market, that's a pretty high one, but could have been just corrected because it needed to correct.

Add on top of it what is what's feared coming our way because of the consequences of isolation, global travel, canceling everything,

all of that stuff, because of that,

you are

you are looking at the DAO, adding to that correction.

This now is panic, and it's stupid.

Yeah, I think this is the thing that I keep trying to talk people through when they ask me about this, because this is, of course, something that now, I don't know about you, Glenn.

I was being constantly, every time you go out to any gathering with people, you're asked constantly about who's going to win the election, what's the election going to be.

That switched to coronavirus over the past week or two.

And one of the things that people, I think, get freaked out about is not, it's, it's not the health effects necessarily that are the thing to be worried about you can really make a legit legitimately easy logical case that it the health scare is overblown yes with this the issue is the other side of it which is the panic that is tied to that and the panic and the steps that need to be taken by governments all around the world when it comes to

breaking up supply chains and things like that

create a legitimate and real financial problem, which lists, which I, you know, not only leads to major problems when it comes to your 401k and, you know, your potential job status and orders coming into your business and all of these things, but also has a massive political effect as well.

You know, I mean, one of the strengths that the Trump presidency is hanging on here with its, you know,

I think it being a slight favorite right now, Trump for being re-elected, is based on he has a very very high approval rating when it comes to the economy.

Now, look, a virus is not something that

you can do anything about when you're president of the United States.

You can't go in there and he's not going in there and curing viruses and coming up with vaccines himself.

That being said, the perception of people, if there's any perception that anything has gone wrong, that the president could have done better, which the media will do everything it can to do.

It will.

And it will.

And it will.

And when that does happen, he'll get blamed there.

And I mean, this is why I was so nervous about Sanders beating Biden, and I'm less nervous about that now.

I don't think it's going to happen.

But this is, you know, you don't want Bernie Sanders being the only other alternative when something like this is going on.

It's something that's completely out of control of the presidency.

And we put that on such a pedestal.

Here's the scary thing:

you're looking at the president of the United States being either a socialist

or a guy guy who really is struggling to keep his own

mental facilities.

I mean,

so

I don't see us changing horses

unless the president is not on top of it, which I believe they are.

Mike Pence is on top of it.

Remember, when you watch the president, the president's job is to keep calm.

It is to promote domestic tranquility, especially in times of trouble.

That's what the fireside chats were about.

To promote domestic tranquility.

The worst thing the president can do is to send a message not only to you, but to the rest of the world.

We're panicked.

We're freaking out.

There's a reason.

His job is to say, Nothing to worry about and we've got it taken care of.

Mike Pence is the one you should be listening to on this.

The president's job right now is to just make sure that everybody feels normal and safe and no panic.

Mike's job is to tell you all of the facts and make sure the government is running its most efficient way.

But you have to understand, mistakes are going to be made like crazy.

We've never been through this before.

We've never been through this before.

And anyone thinks that we're going to come out of this unscathed?

The reason why the market is panicking is not because of the coronavirus.

It's because the world for the very first time said, quarantine,

shut down cities.

Over the weekend, Italy shut half of its population and said, don't get into your car and drive.

Don't get on a train.

Don't get on a plane.

Not in a box, not with a fox.

You're not moving.

Half of the population.

Tell me, historians in the audience, when's the last time you ever saw that happen?

Because I can't recall it.

When you are closing borders, not in one country, but in multiple countries.

We know, you know, we can't have a closed border.

We shouldn't have border security.

Look at what they're doing all over the world.

They're closing their borders.

When these things happen,

we are trying now, the world is trying now, to stop the spread of this.

And the reason why they're saying everyone stay home is not because we're all going to die,

but because we can't have the stress on the medical facilities.

Stay home.

Don't get sick.

A virus is coming.

A vaccine is also coming.

But in the meantime, everyone who has the sniffles, everyone who has a fever,

if you are in danger of not being able to breathe, if you have other complications, if you are over 60,

you have reason to be concerned.

If you have other complications and you're anywhere in your 70s and 80s, you have real concerns.

Everyone else, please don't clog the hospitals.

Please don't freak out.

We don't want to spread this because we don't want to hurt the elderly population.

But

think of what's going to happen in our health communities.

You're going to work at a nursing home.

It's a job for you.

Yeah, you're a nurse and yeah, you wanted to do this, but it's still a job for you.

You going to work?

Are you going to work?

Because you know those patients are going to get it and if they get it, they die.

Are you going to work?

Hopefully the answer is yes.

But we're going to lose some people just in nursing just because they don't want to get sick.

We're going to lose people who are first responders because they don't want to get sick.

Then we're going to have to double up on those people that do remain,

and they are going to get sick.

And one of the reasons why they are going to get sick is because everybody bought the N95 mask.

Those first responders need them.

You don't.

Don't believe this bullcrap that they don't work.

Of course, they work.

Why do you think they're saying the hospitals need them?

Because the hospitals like it as a fashion statement?

They work.

You just don't need them if you stay home.

So, all of this is designed to stop the stress on the medical community because we can't have 30% of our doctors and our nurses sick or out of play because then the whole thing collapses.

And it's not because it's capitalist, it would already be gone if it was socialist.

If Bernie Sanders had his way, you would already be having all kinds of shortages.

I want to show you what you need to know

about your own business and your own economic future and how you need to start preparing here in a few minutes.

If you're going to miss any of this show today, go and get it on a podcast.

You can get it at iTunes or SoundCloud, wherever you get your podcasts.

Subscribe and get this podcast

and

be very well informed.

All of the information we will share with you today, I'm going to post at Glenbeck.com as well.

I want to tell you about just the effects and how it's going to impact you, your business, your community, especially small businesses.

I'm going to show you things that you should do.

We'll do that here coming up in just a few minutes as the Dow begins to open up in just a few minutes.

Dow has been, the stock market has been closed temporarily for 15 minutes.

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All right, the stock market is uh open again.

It is still going down.

It's now at nineteen uh hundred points, lost seven and a half percent.

Uh loss.

Its next stop is at thirteen percent if it goes there.

Um, it seems to have taken a breath, but we'll watch.

This is not, so you know, this is not about the stock market.

I mean, if you're looking as an investor,

Costco, Amazon, they're still going down.

I don't know why, but

short term, Costco, Amazon will go up.

You want an investment?

How about Clorox?

Clorox,

what is it?

How many of half the products on the CDC list of must-haves are made by Clorox?

Another one is Zoom.

They make telecom tools for meetings.

There's one.

That stock has nearly doubled since December.

Look for things like that.

But this is not about

the stock market this is about you

and especially small businesses and this is where the president needs to be laser focused because the it is the small businessman that is going to be hurt the the big banks they're going to get they're going to get their money they're going to be bailed out but what about the small businessman and at the top of the hour i'm going to go through

just

one business just one business and how that economic impact.

And it's a business I'll bet you 80% of this audience uses every day.

And just this one business, small business, how it's going to be impacted.

Then I would need you to extrapolate that to how does that work in my life?

By the way, it looks like that little pause has helped.

We've only lost 7%, so it is going at least temporarily at the right direction.

If it hits 13%,

they'll stop the market again.

A 20% drop, it'll close the market for the day.

So it seems to be this system that was put in after 2008 seems to be working to slow down people's panic.

More in a minute.

You're listening to Glenn Beck.

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The fusion of entertainment and enlightenment.

Hello, America.

Welcome to the Glenbeck Program.

The coronavirus.

It is not about the virus as much as it is about the spreading of fear, the protecting of the medical community,

and the one that's really going to impact all of us, your cup of coffee at Starbucks.

I'm going to show you how your cup of coffee at Starbucks is going to radically change because of the coronavirus and how it actually will affect you and everybody else who buys a cup of coffee every day at the Starbucks or the Dunkin' Donuts

in one minute.

This is the Glenbeck program.

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On average, the average day in America, over 38 million people buy a cup of coffee at Starbucks.

Okay, that's a lot of people.

38 million people buy a cup of coffee every single day at Starbucks.

Now Starbucks is a big company, but that store is a franchise.

Now that's 10% of the population in the United States.

Starbucks stores are mostly owned by private people, franchises, small business owners.

They operate their store, but they own it under a license agreement from Starbucks Corporate.

And the average Starbucks franchise operates with a 5% to 7% margin.

Now, what that means is after all of the operating costs, the supplies, the electricity, the employee salary, the taxes, and everything else, that franchisee, that business owner of that local Starbucks is making about 5 to 7% of money at the end of the month.

Okay, that's their profit they take home every month after all of the costs are deducted from all of the sales.

So,

to put it another way, to show you how little that margin is, and that's a normal margin, but to show you how little that is, the average Starbucks owner, the franchisee,

makes a profit based on only two days' worth of operations every month.

28 days,

all the sales go just to operating that place.

Only two days of the month is that rich business owner actually making money.

Okay?

Now,

imagine that today, and if it hasn't already gone out, it's going to go out to Blaze employees today and to Mercury employees.

You get an email from your HR manager, maybe your CEO at work, and you open it up today and it says, due to the risk of coronavirus, all employees are being asked to work from home for the next two weeks at least, effective immediately.

Have your laptop.

The internet's going to stay up.

You've already made your Costco run for your canned goods, your beans, your rice, plenty of toilet paper.

In fact, too much toilet paper.

What's the deal with the toilet paper, America?

Anyway, you're all set.

Kids are going to stay home from school.

You update your Netflix and Disney Plus subscriptions, and you...

prepare yourself mentally for a two-week bug-in, semi-quarantine at home.

Local governments have not said anything about it yet, other than, you know, if you can, just stay off the streets, you know, don't have a big,

you know, block party,

you know, just don't congregate in large groups.

And as a responsible America,

we all look at each other and go, yeah, okay, that's reasonable.

We'll do that.

Let's go back to Starbucks for a second.

Foot traffic is now almost ground to a halt because you're not going to work every morning.

You're not going into a store to buy coffee.

You might go in there and buy the grounds

so you can go and make it yourself, but you're not going into the store to do it.

You're not standing in line.

In local businesses that are heavily dependent on daily cash sales, all of a sudden a rapid, overnight, and sudden decline has dramatic consequences.

Operating costs of a store,

they don't decline with foot traffic.

If you have brick and mortar, it still costs you the same amount to run your daily business when the store is busy as it does when the store is empty.

That's why you need that store to be packed all the time.

Employee salaries, the electricity to keep the lights on, the rent, the insurance, the license fee to Starbucks corporate, the cost to brew the coffee, to bake the muffins,

they're all the same.

If you have a thousand customers or ten customers,

but let let me go back to the original idea here that you're only making money.

You are only making money two days a month.

So if you have just a two-week period with virtually no foot traffic, it's devastating to you because you still have to pay all those bills.

So what do you do?

Well, as a store owner, you start cutting back hours.

You cut the shifts for employees.

You might even lay some workers off, move to skeleton crews if it's more than two weeks.

The loss of work for hourly employees means they are not able to pay rent.

They may not be able to make their student loan payment or their car payment.

They can't make a credit card payment.

Without ongoing sales coming in, the store owner has to dip into savings to cover the expenses.

He has to sell stocks, bonds, anything to raise cash to try to stay afloat.

But he's being hit by the stock market.

He's already losing money.

Think of all the things that you won't spend money on during your just two-week bug-in at home.

No trips to the movie theater, who also have the same operating costs, whether or not the theater is full or empty.

They still have to pay the salaries.

They still have to pay licensing for showing the films, whether they're five people or a 500.

While quarantined at home, you're not stopping for gas.

You're not buying Mountain Dew fountain drinks.

That's your guilty pleasure on a Saturday morning while you're driving your kids to soccer practice.

You're stopping at that 7-Eleven.

7-Eleven.

More than 6 million small businesses in America are heavily reliant on that daily foot traffic.

Customers walking into their store making a cash purchase.

Online orders via Amazon.

It's going to have an uptick in the tens of millions

because tens of millions of Americans and all over the world are going to be forced to be bugging in.

Some restaurants might see orders via food delivery apps stay steady, but there are millions of businesses from laundromats to theaters to bars to Starbucks stores to convention centers to concerts.

They rely on classic consumerism to stay afloat.

None of this, you will notice, has anything to do with the President or Washington or anybody in the media.

It has to do with basic economics.

So, this is the catastrophic butterfly effect of COVID-19.

This is the thing that keeps me up over the last couple of weeks.

The death we all get.

We probably are going to lose some friends, or grandparents, or parents.

We might, we're going to all lose somebody we know.

But

it's not the black plague.

It could be the black plague.

And this is why the market is doing what it's doing today.

A massive change in consumer behavior will have an

outsized effect on different parts of the economy that rely on regular, steady income.

If you're not driving to work, you're not buying gas, you got that, but you're also not putting more miles on your car.

You're not having the problems that might, so now your mechanics, everyone,

everyone depends on everyone going to work.

6 million businesses in America need that cash and that foot traffic every day.

That's 78 million employees that fall into this category, this according to the Chamber of Commerce.

If America is forced to shut down for any kind of self-isolation at home

and spending shifts with 78 million people who are waiting for your phone call or your trip in, if that spending shifts online,

the direct economic impact to small businesses,

which is the backbone of our country, has lasting effects.

Most businesses have 45 days of operating capital at any given time.

A multi-week disruption has severe cascading effects, layoffs, loss in wages, stores will close, higher unemployment.

All of these things are so far beyond politics because real people's pain.

Everybody's going to talk about the stock market today.

It's now down 1,400 points.

It opened 5% down.

It closed within the first six minutes and took a 15-minute breather.

That hasn't happened in a while.

Everyone's going to talk about that.

You need to think about your one cup of coffee, wherever it is you buy it.

You need to think about all the things that you do on the way to work.

We are barely beginning to feel the effects of COVID-19.

Many businesses in America, the economic contagion is going to be worse than the virus itself.

Amazon, Netflix, Clorox, they're going to be fine.

There's going to be pain on Wall Street today.

But there's going to be a lot of pain on Wall Street.

There already is, for people who have to sell stuff because they bought on margin again, like a dummy, like they didn't think this one through and they didn't have the money.

That's what happened in 2008.

But the pain on Main Street is the one that's really going to be felt.

And it was felt last time, and our big government bailed out all the big guys and forgot about Main Street.

Main Street will not be ignored a second time.

What you're seeing in Korea and China and Japan and Italy and even in Seattle are indicators that the localized shutdown of foot traffic due to COVID-19

is what we are really going to have to endure.

This is where we need to see people

and not numbers.

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Holy cow.

What a day.

What a day.

What a difference a day makes in today's world, huh?

So, can we talk about politics here for a second?

Because we have, is the vote tomorrow?

There's a bunch of states that come up tomorrow.

Yes.

Michigan being kind of the big ticket that everyone's talking about.

Michigan, if you remember, was a big surprise win for Bernie Sanders over Hillary.

The last polls came in with, you know,

Bernie down something like 20 points, 25 points, and he wound up winning the state.

And it was a big moment in that particular primary.

So tomorrow we have Idaho, Michigan, Mississippi, Missouri, North Dakota, and Washington.

Sanders won four of those six states back in 2016.

Yeah, he's going to win Washington.

Yeah,

yeah.

you don't think so?

I think he probably.

Well, what do the polls look like?

What do the polls look like?

It looks to be that he is - I mean, the polls look terrible for him at this very moment.

Right.

His polling has completely fallen apart.

You know,

who will win the primary now, as far as a majority of delegates, no contested convention, Biden now at 94%

on 538.

And that's because the polling looks so very good for

Joe Biden.

That is a relief to anybody who likes the free market

because the president, they're going to kill him.

They're going to kill him in the press on coronavirus.

The president has to be as mistake-free as possible.

But let me give you this.

Have you read anywhere about how Biden, Sanders, anybody in the Democrats, that they're canceling their

rallies?

No.

Okay.

Have you read or heard anywhere that the president is just being so irresponsible, not canceling any of his rallies?

Yes, I have heard that one.

Goose DeGander, Goose DeGander, come in.

What are you talking about?

How come he's the only one getting slammed for this?

Because they're going to do everything they can to make him look irresponsible.

They actually were saying, this proves he doesn't care about his people.

Yeah.

Are you kidding me?

He's trying to give an air of calm.

I mean,

and I think he believes that the

he believes, like I do, that the

medical part of this, the actual virus, is the least of our worries in this.

Yeah.

You know, it's, it's especially immediate, right?

If you're, you have the issue of potentially being quarantined if you were to leave the country and come back in.

You have the issue of massive economic disruption, which we're seeing obviously the last couple of weeks.

Those are more

pressing concerns.

You will see, though, of course, people are actually dying and are dying.

That's the truth.

So, I feel like I'm just going to say this, maybe once a day, we'll say this.

This is not to

diminish the people who are dying, especially.

I mean, I'm in the age group that is the most susceptible.

60 is the median age of where it starts to get dangerous for people.

Okay.

So, I'm 56, so I'm starting to approach that median age.

I'm there.

80 is where, and I don't want to lose any 80 or we, I don't want to lose anybody in my life to this.

Okay, so we all know that.

We all know that, but it's not the bubonic plague.

It's just not.

And

what we're doing to try to make sure it doesn't spread so we don't collapse our medical system before we even need them, that's what's really hurting us.

And you've got to to stay away from the press

who, I mean, do you not get it yet, press?

Do you really, are you this stupid?

How did you build this empire being this stupid?

You've tried everything,

nothing has worked.

And now you're gleefully jumping on to say, oh, look, it shows he doesn't care about his supporters.

He's just doing that.

You have no credibility left.

Do you realize how important credibility is right now?

If you have a global pandemic, we have to trust what people say.

And you are destroying all trust with the administration.

You're destroying all trust of anybody in the media because you're making it all about politics.

Right.

People are like, oh, well,

the Democrats are trying to hype this just to take down the economy.

And I can understand that viewpoint.

It is a serious thing.

So I don't think it's that they're hyping it to take down the economy, but no, they're trying to take down Donald Trump.

Right.

But

a couple of, I don't think they're hyping it, though.

I mean, it is a legitimately serious thing.

It's not just fake.

No.

However.

After a couple of whiskeys on Friday night, journalists together absolutely are looking at this as the positive outcome.

Look,

this could be really bad, but at least Trump would be hurt by it is not a, isn't a

non-standard

said by us, you know, on our side, by some members of the press as well, if the roles were reversed.

We just don't want to be those people on either side.

You're listening to Glenn Beck.

So

I just got the new hustler lawnmower.

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Do you like mowing your lawn at all, Stu?

I like when it's mowed.

You like when it's mowed.

Yeah, I like it when it's mowed too, especially in the summer months.

I like when it's mowed.

But there is something about, like, I love, you know, when I'm on the farm, just, you know, creating the dirt roads or plowing the fields.

There is something just Zen-like doing that.

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This is the Glenn Beck program.

So glad that you've tuned us in today.

Thank you for listening to us.

If you missed any part of the day's show, please listen to it on podcast.

This is especially if you're a long-term listener, you've been through it with 2008 and

all of the trouble that we've had.

If you were watching me on Fox and you heard my predictions of what's to come,

we are now entering those days.

And I'm going to remind you over the next few days of some of the things we've talked about.

I feel

I've always felt a press from,

I'm sorry to get all religious on you,

but I have always felt impressed by the warnings in Ezekiel.

Those who have a view over the horizon, over the wall, and they can see trouble coming.

If you warn,

then the people, what the people choose to do is their own issue.

If you don't warn, God's got a problem with you.

As somebody who has a footprint in this country of about 50 million people a month,

that is terrifying to me.

That's a lot of blood on my hands if I don't warn.

I have warned you of things.

The times are coming.

I'm not going to continue to warn you about the things because there's new things coming over the horizon and new things that we have to do.

And one of the things that I have to do is make sure that everyone understands this is not the black plague, but don't dismiss this because it is going to cause hardship.

In something I am going to be relentlessly mocked for,

but I know it is true,

and I speak to those who have eyes and ears.

Everyone else,

mock all you want.

We are doing restoring the covenant in Gettysburg.

Whether that remains in place will be decided by whether this is a seasonal flu or not.

If it's not a seasonal flu, we're not going to be gathering in big crowds until there is a vaccine.

But everything, we are proceeding as though this is a seasonal flu.

But I will tell you that this has been on my mind for a long time, and maybe I was late.

I don't think so, but maybe I was late.

The covenant is something that has protected our country.

It was made by the pilgrims when they first came here.

It was made by George Washington, and then the last time it was made was with

Abraham Lincoln in 1863.

And the turnaround at Gettysburg was tremendous.

He declared

a covenant that we had to make as individuals, not just as a country, as individuals.

And we went from losing every battle to winning every battle.

And it always plays out this way, and it hasn't been done.

And we are so far off the mark.

I want to read this

proclamation that

Lincoln made, and I'm going to post this today.

And I would ask that you would take this to heart, and you would do this.

We're going to do this together on July 4th, but I would ask that you and your family meet and do this today.

I'm just going to read two paragraphs from this proclamation.

He said, Lincoln, 1863,

whereas it is the duty of nations as well as of men to own their dependence upon the overruling power of God, to confess their sins and transgressions in humble sorrow, yet with assured hope that genuine repentance will lead to mercy and pardon, and to recognize the sublime truth announced in His Holy Scriptures and proven by all history

that

those nations only

are blessed whose God is the Lord.

We are so far away from just that paragraph.

That's the opening paragraph.

Wait until you hear the next one.

Insomuch as we know that by his divine law, nations, like individuals, are subjected to punishments and chastisements in this world.

May we not justly fear that the awful calamity of civil war, I would just say the awful calamity that we are all facing, and it's not just coronavirus, it is this world that we have built on lies,

which now desolates the land, may be but a punishment inflicted upon us for our presumptuous sins to the needful end of our national reformation as a whole people.

We've been the recipients of the choicest bounties of heaven.

Think of that line.

Have we not been the recipients of the best men have ever seen in the history of all mankind?

If you say, if you are asked,

you could be born at any time in any place, if you don't answer today in America,

you're a fool.

You're lying to yourself or you're living in self-imposed ignorance.

We have been the recipients of the choicest bounties of heaven.

We have been preserved these many years in peace and prosperity.

We have grown in numbers and wealth and power as no other nation has ever grown.

But we have forgotten God.

We have forgotten the gracious hand which preserved us in peace and multiplied and enriched and strengthened us, and we have vainly imagined, in the deceitfulness of our own hearts, that all of these blessings were produced by some superior wisdom or virtue of our own.

Intoxicated with our unbroken success, we have become too self-sufficient to feel the necessity of redeeming and preserving grace, too proud,

too proud to pray to the God that made us.

It behooves us then to humble ourselves before the offended power, to confess our national sins,

and to pray for clemency and forgiveness.

I do not believe in punishments like so many people believe.

God is always merciful, but just like I sit with my children and say, don't do that, it's going to hurt.

Don't do that.

Don't do that.

This is what's going to happen if you do that.

The most just system is one where there's not somebody saying, all right, I'm going to punish you now.

The punishment is just built into your actions.

When you stray away from truth and you start believing and propagating lies, it will come crashing down, not as some punishment, bad, just because you are breaking the laws of nature

and I know people will say oh my gosh Glenn Beck's calling for the end of the world look he says we're being punished by God we are punishing ourselves

let me just read what I just read just

Please listen to that.

That's Abraham Lincoln.

You're going to bash me?

Go ahead.

All I did was read the words of Abraham Lincoln.

It's not a coincidence that his name was Abraham.

Lincoln called for a day of

national humiliation, fasting, and prayer.

I'm calling for the same.

And

it was to be July 4th

in Gettysburg.

But I feel compelled to tell you that we may do that on July 4th, whether we're going to, whether we're together virtually or we're together in Gettysburg.

I think we're going to be together in Gettysburg, but if we have to be there just virtually, we will be there virtually.

And I ask all of your churches, I ask every

person within the sound of my voice that believes in God

and knows the blessings that we have received

rain down upon us because this is a sacred land.

It's not us.

We're not that special.

It's been a covenant that we've made, and we've broken it, we've broken it, and we have wasted it, we have now mocked it.

We are in a frightening place

should we choose to make it frightening.

We are in a place to where

the world looks very unstable, and we're going to see more unstable things, and you're going to witness things that you've not seen before.

Things that you've like, I've never seen our country do that before.

This is that time that we've talked about.

There's no reason to worry about it.

But there is a reason

to individually

turn back to him and say,

Okay, what's out of order in my life?

What's out of order in my family's life?

And reappoint your cornerstones.

Just shore them up.

And then, as a nation,

rough waters are ahead.

And quite honestly, I think evil is just unleashed.

Lies and deception just everywhere.

We're believing things as foolish as men can have periods.

No,

if we are that far gone,

if we can't recognize that truth, how are we ever going to be able to recognize the subtle truths?

I urge you, I will post this, I urge you to sit with your family.

I urge you today

to honor this proclamation from Abraham Lincoln, and I urge you to keep

in all humility, I'm only asking you this

because I truly feel as though I need it.

We're heading in places, and the world is a very confusing place, and I want to tell you the things that I am supposed to tell you, and nothing more.

And it is a very difficult job when you take it seriously.

I would ask that you, your family, your prayer circles, anyone

is keeping

me and this show and the information that we present to you in your prayers.

Please

pray for me to be humbled, but in a very, very nice way.

I've asked for this before.

God dishes this one out fast.

I don't need that much humbling.

I just need to make sure I am hearing what He wants me to share with you.

And let the mocking begin.

All right.

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This is the Glenbeck program.

Welcome to the program.

We're just talking about

this

good advice versus the panic advice.

For instance, you know, it's the dumbest thing in the world to go out and buy a whole bunch of toilet paper, but you should go out and buy toilet paper.

Yeah, and part of the reason to buy toilet paper is because if everyone else buys all the toilet paper when you need it for normal reasons, because you're out of toilet paper, it may be difficult to find.

There's going to be plenty of toilet paper.

Yes.

Plenty of toilet paper.

They'll make more.

The problem also is, is if,

you know, this thing with Italy, where they've just said to half of the country, half of the population

of Italy, stay home.

It's incredible.

And you're not to drive across the country.

You don't leave in this area.

You just stay where you are.

That could happen here quickly.

And it's mandatory there.

It's not a suggestion.

No, I know.

It could happen.

It's hard to imagine it happening in the United States of America, but it could.

It's also a pretty hard thing to imagine that a socialist might have been the Democratic nominee for president of the United States.

And he's relatively close still.

Yeah.

Although he's getting blown out in recent polls.

And it's not like Joe Biden's some moderate.

I mean, this idea that he's in the moderate lane is

about the same as saying he's in the young lane because he's the youngest Democrat running.

That's right.

Yeah.

I guess it is.

It is.

That's what people are saying.

He's the youngest.

He's the youngest man running for president of the United States for the Democrats.

For the Democrats.

And then Trump, the spry 70-year-old or whatever he is, I mean, that's incredible.

He's really young.

But you're right.

It is one of those things where you have to look at this and say.

The only time I can remember seeing this, and I think we discussed this last week, is in Boston during the Boston bombing.

They basically said to everybody in Boston, stay inside.

There's terrorists going around shooting people and blowing things up.

And so people actually honored it.

I remember thinking, there's no way this is the United States.

Oh, yeah.

They're not even going to honor it.

They honored it.

And it was, and I don't think it was a.

It wasn't, we're going to arrest you.

It wasn't, it wasn't martial law.

It was more of a suggestion.

Yeah.

And people were like, yeah, I'd rather not get blown up or shot.

So they stayed inside.

Right.

I think people will honor this.

If they think it's going to be, it's going to be people.

They're like, I'm not doing that.

That's ridiculous.

There are going to be those people.

But most people will say, if I can work from home, I'm going to work from home.

It's going to be the problem, it's going to be when the effects start happening.

Wait, I'm not supposed to go into work.

I'm a part-time employee, or I work hourly.

How am I going to make it?

That's where it's going to be a problem.

That's where it's going to be a problem.

We have our coronavirus update coming up in just a second.

You're listening to Glenn Beck.

Our daily stats on the coronavirus, the update that you need

coming up in one minute.

This is the Glenbeck program.

Okay, if you've been thinking about selling your home or buying a new home, or you have to, please consider going to RealEstateAgents I Trust.com.

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All right, our daily corona stats from Johns Hopkins.

As of 5:30 a.m.

Central Time, total confirmed cases now worldwide up 110,617.

That's a jump of over 10,000 people from Friday.

Total confirmed deaths, 3,831.

That is up from 3,400 since Friday.

62,000 patients have recovered from COVID-19 around the world.

109 countries now have confirmed cases.

It was 94 on Friday.

Four more have suspected cases.

13 confirmed cases are considered serious.

This is really good news.

It was

hovering at about 19%

are serious cases for a very, very long time.

A serious case is requiring hospitalization

and 4% of serious requires ICU.

As of today, that number,

which was for a long time 19 on Friday down to 16%,

today the number of confirmed cases that are serious is 13%.

This is showing that as we find more and more cases,

we realize, oh, there's a lot of people walking around with this that are not real serious.

It's the only ones that we were finding were the ones that are like, I can't breathe.

Confirmed cases now in the United States.

27 with six more tracking suspected cases.

Now, 27, that includes the one from CPAC.

CPAC, somebody went, apparently had coronavirus, didn't know that they had it.

Anybody who's gone there, I've heard from this weekend, are you okay?

Are you freaking out?

Because I'm really, no, I'm not freaking out.

Well, you know, Ted Cruz self-quarantined.

Well, he met with the guy.

So did Paul Gozar.

And then

so did Matt Schlapp.

Well,

I shook their hands while I was there.

So do I have it?

Now,

more cases are going to be found.

And this is a good thing.

Italy now has closed down 16 provinces, including Milan and Venice.

Travel in and out, as well as within the area, is only possible now in response to duly verified professional requirements, emergency situations, or for health reasons.

So they have taken half the population of Italy and locked them in their houses or their neighborhoods and said, you're not leaving.

If you need to leave, contact an authority.

Do we get there?

Places of worship remain open, provided that a safety distance of at least one meter is respected, but religious ceremonies, marriage, baptism, prohibited now until further notice in Italy.

People with symptoms of respiratory disease and a fever of 101 Fahrenheit or above are strongly encouraged to stay home and limit social contact as much as possible, including with their doctor.

They're telling the people in Italy now to avoid all gatherings, if at all possible.

All schools and universities are now closed in Italy.

All museums and places of culture closed.

All cultural, religious, or festive events suspended.

Movies,

bars, pubs, theaters, dance schools, game rooms, casinos, nightclubs, and all other similar places are closed.

All sporting events and competitions are suspended.

Ski resorts closed.

Swimming pools, sports halls, thermal baths, cultural centers, gyms, wellness centers, all closed.

Bars and restaurants can remain open from 8 a.m.

to 6 p.m.

provided they respect a safety distance of at least one meter between customers.

This provision concerns all other commercial activities.

So, how do you go into a restaurant?

They slide it like on one of those pizza things, you know, you put the pizza in the oven.

Is that how they slide your food to you?

Now,

there is a doctor

that authored the CDC's pandemic response strategy, calls COVID-19 the most frightening thing he has ever seen.

This is a guy that worked on Ebola,

MERS, and SARS.

He said it is frightening because of

the combination of infectiousness and the lethality that appears to be many manyfold higher than the flu.

He said there were just three cases in Italy two weeks ago.

There are now over 7,000.

He said, I don't think it's a crazy analogy to compare this to World War II.

The World Health Organization is using these kinds of terms.

They've seen what this virus is capable of doing.

Dr.

Hatchett, who is the author of this, joined other epidemiologists in warning not to compare COVID-19 to the seasonal flu.

He says it's at least two or three times more infectious and at least 10 times as deadly.

He says there's no comparison.

Now, I don't know if you've seen this, but they're now saying over in England that this guy is

just trying to scare everybody.

They scare you still?

No, I don't think so.

No.

Should I be scared?

Nope.

I don't think so.

I mean,

you know, look, we were, go back to the CPAC thing you were talking about.

We were both there,

right?

You know, you spend more time there.

Yeah, Ted Cruz was there.

He's self-quarantining.

He hosts a podcast with Michael Knowles, who I had on the show in the same room with me for an hour

right after they did the podcast live at CPAC.

With Ted Cruz.

With Ted Cruz.

You know, it is an interesting thing because I certainly understand why they're not telling us who the person is or people are who have it at CPAC because probably people would go to their house with torches and I have no idea what would happen.

Why?

I know.

I know.

I don't know.

I didn't know.

But I mean, I know it's, they didn't do anything wrong, but I mean, there is some,

your life is turned upside down, right?

You're going to have media requests from everywhere.

If they release this person's name, I certainly understand if I was that person, and I'm not saying that I am, but if I was that person, I would want my identity to be kept quiet, if at all possible, because it would make my life a nightmare.

Makes me think he is that person.

I have an announcement coming up on Stu Does America tonight.

Tune in.

I'll just say this.

Not feeling well.

Was that CPAC?

Hung out with my you haven't been feeling well.

That's true.

You haven't been feeling well.

I have not been feeling well.

I haven't been feeling well.

Pat hasn't been feeling well.

Yes.

None of us have COVID-19.

I don't think.

We don't think.

We don't think.

Now, it takes a couple of weeks for

you to get past the

time where you could go without symptoms.

It's only been like 10 days or something like that since we were at CPAC.

But it is interesting that, like, you know, Ted Cruz knows who this person is.

And Ted Cruz knows, which is great for Ted.

Thanks a lot.

Did I interact with this person?

I don't know.

No one told me I did or did not.

Well,

I interacted, as you did, with people who did interact with him.

Absolutely.

So that is for sure.

Right.

Congratulations.

So basically,

yeah.

And I keep looking at this as, you know, I've read enough about it.

I've looked at this.

I don't fear

the disease itself.

I kind of assume I will get it.

And if I don't get it this year, as you pointed out, this is going to stick around.

We're all going to get it.

The flu stuck around, right?

Spanish flu has stuck around.

Yeah.

It's just, there's the problem is, there's no vaccine where there's a vaccine right now which helps old people,

you know, live through the average flu.

So if you get it now, there's no vaccine.

There appears to be some things that are working on it.

Yes, AIDS.

HIV medication.

Yeah, some of the AIDS medicine is actually helping cure this.

But, you know, we're all going to get this.

It's only a matter of time, and we're not all going to die.

Right.

If the flu did not have a vaccine and did not have four approved treatments for it, the death rate would be a hell of a lot higher than 0.1%.

Part of the reason why it is 0.1% is because of the way we've reacted to it.

We've seen this happen as well with South Korea, who's been aggressive, has a good health system, has been aggressive trying to contain it, is reporting a 0.5%

mortality rate as opposed to two and three in other parts of the world.

So let me give you a couple of other things here.

We're going to debunk the coronavirus myths for you in a second, but I want to give you a couple of last stats that you need to keep in mind.

U.S.

case count expected to spike dramatically this week.

Why?

Because we are now

starting large-scale testing all across the country.

In January, doctors at the CDC decided to reject the WHO standards for coronavirus testing, noting that 30% false negative was found in China.

Now, Donald Trump, see, he didn't do enough.

They should have accepted it.

It was a 30% false negative.

And so the United States CDC,

not directly getting a phone call, I'm sure, from the president saying, reject that.

They looked at that and said, that's too high of a false negative and a false positive.

So, no, we'll come up with our own.

The tests produced by the CDC in early February were designed to test for SARS-CoV-2,

the virus that causes COVID-19, as well as SARS-CoV-1.

But they were faulty and had to be replaced because Donald Trump told him, I'm telling you, put carrots in that formula.

Yep, he's a big carrot provider.

Big, big.

But you can't inject a carrot.

He should have known that.

He should have known that.

It's very difficult.

It's just his incompetent.

Anyway, by today, more than 2.2 million new

tests will have been sent out to the regional labs and the hospitals, according to the U.S.

Surgeon General.

Large-scale testing is expected to dramatically increase the case count in the U.S.

Right now, suspected 1,200 cases in 33 states.

But we don't know.

When you see a huge spike this week, it's because we're testing now for the first time.

I want to talk to you a little bit about Farr's Law.

I didn't even know what Farr's Law was, but I knew of it, and all of us at some point knew what Farr's Law is.

It was actually named after Dr.

William Farr, 1840.

And there is a bell curve pattern to it.

And almost all epidemics follow this pattern, including a sharp increase in cases at the beginning of the cycle, and then the peak, and then it comes down and returns to a baseline.

This pattern exists because we modify our behavior so we don't get sick.

And those who do get sick, they seek medical attention.

China, which had its first cases in December, peaked in last January or early February and is now in decline of the spread phase because they modified their behavior, which is what we're doing.

We are about 45 to 50 days behind where China sits.

So we are still now at the early stage of the up of the bell curve.

In 45 or 50 days, we will start seeing the down just like everybody else.

It's not getting worse.

It's just our turn now.

And it indicates that our peak cases should be in April or early May and then decline through June and July.

I'm still looking for an answer that I'm comfortable with on whether or not this is a

seasonal flu or not.

We're not sure.

Normally, flus have a season, and when you get into hot weather, it starts to dissipate.

Korea is expanding and going through the roof.

Well, they found that Singapore, which is much warmer and more humid, is actually not growing at the same rate.

So they think there's a possibility that this is a seasonal flu, which would be a very big blessing to the world.

Unfortunately, not for Australia and New Zealand.

They already have cases, which is odd if it is a seasonal flu, but

they're also closest to China.

And so things would be getting worse on that hemisphere as things get better for us.

And the world could catch its breath from this as we move towards a vaccine.

All right.

Some of the things that are absolutely not true that is going around, we expose those in one minute.

All right, I want to talk to you a little bit about the latest innovation in shaving technology and technology.

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No, you don't need all of that crap.

All you really need

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I mean, it's really great.

So you can shave your face, smoke your cigar, and harvest a field of corn at the end of the season.

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10 seconds, station ID.

All right.

All right, the World Health Organization has launched a new website about COVID-19 and the myths that are circulating.

Can you think of one myth that you've heard so far that you're like, no, that's not true

um

have you heard the packaging bubbles packaging bubbles no yes you haven't heard that one no that's a good one i love this one

don't pop the little packaging you know peanut things you know you every time you pop those or those big bags that come with air on the side of don't that's all chinese air oh it's chinese air with

the covet 19 inside oh yeah they think of that when kids are popping those little you know bubbles you know that's it's releasing it everywhere.

Everywhere.

Never even thought of that.

Yeah, not true.

Not true.

Sure.

Neither is.

Are you sure?

I'm positive.

Yeah.

Also,

eating raw garlic.

I haven't heard that one yet.

But CDC says that one's going around.

Nope.

Doesn't prevent it.

What about eating bat soup?

That one is bad.

That one is bad.

That's real.

Maybe we can get it.

I actually heard that was not proven to be true at all.

And you had said it doesn't.

It didn't.

It's not what caused this, but it does cause problems.

I mean, it's a bad idea for multiple reasons.

Right, but it can make other viruses that are not good for you

if you don't season it right.

And that's why you always make sure you use taking a really hot bath does not prevent infection or kill coronavirus.

Likewise, cold and snow, not cold enough to kill coronavirus.

It cannot be spread by mosquito bites.

Hand dryers and hair dryers do not get hot enough to kill coronavirus.

Spraying your body with alcohol, bleach, or hand sanitizer will not kill coronavirus that's already inside of your body.

And if I have to say don't drink bleach,

maybe you should.

By the way, I had heard that soap is actually better than like a Purel for this particular virus.

So, you know how they keep saying wash your hands?

And, you know, you know, everyone's making run on Pure L.

Soap and water actually better to stop the spread than Purel.

Although I think Purel does some good as well,

you don't need to go out and get lots of Purel for this.

It's not really related.

Here's two others.

The last one is my favorite.

Regularly rinsing your nose with saline will not prevent coronavirus.

Okay, good safety dip.

And this one has to be my favorite because you know this started

by a guy, and we've all met this guy at some point or another.

Hopefully, you were never this guy, but we've all met this guy.

Having sex with someone who had COVID-19 and has recovered will not prevent you from getting the coronavirus.

Thank God.

I mean, geez, I've already broken that one 12, 15 times.

Thank God.

I was thinking this was started by a guy who was like, look, you've already had it.

I haven't had it.

We need to have sex.

It'll save my life.

The old chicken pox remedy?

Yeah, the old chemical.

Yeah, I like that.

Yeah, if we just rub our bodies together, you know, that's thinking for a while.

Yeah,

none of that is true.

We'll give you all of the details every day at this time, the latest of the coronavirus, the update,

and any of the news that you need.

Again,

I want to share with you some of the things that you should be thinking of as a company, the kinds of things I'm thinking of as a company.

We will share that next.

And that goes into

not just a company, but what are the basic things that you should have and you should be doing right now.

I'll share those with you when we come back.

This is the Glenbeck program.

Right now is the time to buy gold.

Right now is the time to buy gold.

Right now, as you see the stock market start to go down, you'll notice or start to go up.

Sorry, sales of stocks starting to go up.

You will see that

the price of gold is going down slightly, but it's going down.

How is that possible?

Gold is always the rush.

Right.

Except for the 20% of people who have over-leveraged themselves and they bought their stocks on what's called margin.

They have to sell something to pay for that margin of the loss.

So they'll sell sell their gold.

Right now is the time to buy gold, because it goes down right before it goes up in situations like this.

Please

call Goldline and speak to a representative about your portfolio today.

Right now, you got a 401k, you have IRA, what's it doing in the stock market today?

Call them and just see if it's reasonable to move some of your money over to gold, but do it today, 866 Goldline, 1866 goldline or goldline.com go to blazetv.com use the promo code glenn for ten bucks off get the glenn beck program as well as stew does america five days a week only at blazetv.com promo code is glenn

welcome to the glenn beck program let me uh let me give you some of the things that i think you need to know we had one circuit breaker blow today on the stock market but it looks like that has been taken care of.

That one circuit breaker

blew,

what was it,

six minutes in to the stock market?

If the stock market goes down 7%,

it blows a circuit breaker.

There are three circuit breakers.

The first one blows at 7%.

It takes a 15-minute pause to get everybody to calm down.

Then there's a second circuit breaker, which if it goes down 13%,

it blows

for the second time in the day.

And if it goes down 20%, it blows.

For the whole day.

For the whole day.

Then the whole day's over.

Yeah.

It did not hit the 13%.

It's been down.

It was up.

It was down over 2,000 points, though.

I mean, the biggest drop in history was 1,190 points, which you may remember from February 27th of this year.

It was almost 10.

It's hard to compare because

the stock market.

You had to look at percentage.

Yeah, percentage is the more accurate way to look at it, but still, it almost hit double the biggest drop in history today.

It is backed off of that now.

But I mean, the biggest, two of the biggest point increases have happened over the past couple of weeks as well.

So, this is pretty standard fair.

This happened in 2008 as well when you had this shake-up where you have the big ups are combined with the big downs.

Nothing close to 1987 where, I mean, keep picture this.

The stock market dropped by 23 points in a day.

23 points in a day.

I mean, I, of course, you know, I mean, it was a huge news story and people remember it, but

can you imagine that happening today?

No, freak out.

Everybody would freak out.

But, but Wall Street wasn't as connected to Main Street back then.

Yeah.

You know, it was, it was slightly different.

It was still a big deal, but it wasn't, and I'll get into that here in a second.

Let me just say this on

stocks.

Um,

whether you should ride out the storm now or

not is completely up to you.

I told you a couple of weeks ago,

I sold my stocks a couple of weeks ago, and then I found out that my wife did not sell the stocks because

she thought that that was not a good idea.

So I wrote to her this morning.

I said,

I hope that's a good idea.

And are you still married now?

Have you had any other

interesting letters from?

We're still married.

From attorneys that have come in since that email.

Nope, not so.

I just want to make sure I understand what you were doing.

You're taunting your wife for potentially a giant financial mistake.

I just want to make sure I get all you have to do.

The maneuver is an interesting one as a husband.

Well,

it was just a, you know, just a, you know, we're dealing with a lot of decisions right now that are being made.

Okay.

And

so I just, I'd like to make them, you know, together as we move forward.

And And

anyway, so we're, so, so now the question is,

do you stay in or not?

Do you stay in or not?

I think the answer relies on this.

How old are you?

My wife is younger.

I'm older.

I would like to see the pictures.

So I would like to, you know, I'd like in 10 years to be able to go, I don't, I don't want to work anymore.

I don't want, I, you know, I just don't want to do anything anymore.

And so I'm more apt to take the money out

because I don't want to have to wait another five years or 10 years to make that all back up.

Right.

Okay.

You know, my wife, who's like, I'm 23.

What do I care?

You know, so it depends on how old you are.

If you need the money short term, get it out.

If you are not, the best thing to do is to stay in.

It took in 2009, it took the market 16 months to recover.

We lost 50%

in that global financial crisis.

Wow.

50%.

Oh, it took 16 months.

16 months.

The rest of the world did not come back.

We did.

Stocks crashed from 1929 to 1932, one after another, after another, after another.

It just took a beating

just

to break even

and to start getting into new highs, it didn't happen until 1942.

So it was over 10 years

that people had lost.

But if you're looking and relying on dollars in the short term, I hope you're out and sit on the sidelines.

If you're not,

if you're not looking in the short term, the average return of the stock market

is over 28%

in any given 10-year period.

So if you don't need your money in the 10 years, know that at any given point, you just drop a, you know, you just drop a dart on a calendar and any given 10-year period, stocks have been up 28%.

So just stay in unless you need it right away.

Yeah, this one doesn't, where the gold, the global financial crisis seemed much more like a

foundational systemic issue.

This is really a

urgent issue that

it could snowball into that type of issue.

So would you say that's accurate?

Yes, and that's the problem.

The banks have already, if they are over-leveraged, then

what are they going to do?

And we know that they've been going through the back door of the Fed to get money to float them overnight.

And they've been doing it now for about eight months, and that's not happened before, except in 2008.

So what is really going on, we don't know.

What we're about to see, I think, things that we have not seen since FDR.

George Bush, we know, was like, I'm not going to be Herbert Hoover.

I'm going to be FDR.

He acted bailouts, everything else.

Donald Trump is

that kind of guy.

He believes in the bailouts and everything else.

And I think in this particular case, because it's an act of God, As long as it's not just for the big guys,

it might be worth having some sort of like like tax haven where no taxes for the next year

or something like that.

I don't want bailouts, but

let me just give you a hint of what I think may be coming your way.

Look for massive, massive government spending and huge actions by the Fed, and I think in the next few days.

Here's why.

The government has to stabilize the equity market.

It has to stabilize stocks and bonds.

We're no longer a country that has an economy based on making things.

We're not a country based on farming.

We're not a commodities-based economy.

We are a financial economy.

It's our largest industry

in the U.S.

market is

the financial market.

That's number one.

It's one out of every five tax dollars.

It is 68% of the money sitting in retirement accounts and pensions.

It is 12% of all U.S.

jobs.

It's the U.S.

financial sector.

The market cap as a whole is 154% of GDP at $31 trillion.

Agriculture, just so you know,

the farmers, the farmers, the farmers.

Financial, the market cap is $31 trillion.

Farming, less than $1 trillion.

The government cannot afford to let the stocks fall.

And not just for political reasons, but for financial ones.

The U.S.

government now backs pensions, which have more than 50% of their assets invested in U.S.

stocks.

So if your pension goes under, the government's got to print that money.

50% of everybody's pension is in the stock market.

U.S.

governments now back the banks.

They have over 40% of their assets invested in stocks, covering margin loans invested in stocks.

20% of all tax dollars come from the financial sector of the economy.

So we are going to see the Fed, I think, and the government and the administration throw everything they have at propping up the stock market, which will happen soon.

And I think you're going to start to see things like free loans,

government nationalizing investment banks, God forbid, folding them into the Fed, helicopter money for small businesses and consumers, maybe a year with no taxes due, probably businesses first, then capital gains, and then finally personal income taxes, perhaps.

But we won't have seen anything like this since 1932.

That's what's coming our way.

Now, there are people that are going to try to take advantage of this.

There are

people that took advantage of us over the weekend, and

where it really started was Russia.

I want to give you what happened this weekend with Russia and Saudi Arabia, how that short term is really good for you, how long term it's not, but Saudi Arabia became so aggressive.

It's a war between Putin and Saudi Arabia right now.

And as crazy as Putin is, don't go to war with a group of people that behead people or put people in blenders.

I mean, Putin has his match in the new Saudi prince.

Or just randomly every other month seems to just capture and kidnap multiple family members and take all their wealth.

Which they did again this weekend.

There is something really, really dangerous going on between Russia and Saudis.

It's going to be good for you in the short term.

We hope that it only lasts short term.

I'll explain it to you coming up in just a second.

Given the choice between the easy way and and the hard way most people will always

always go for the easy way it's why given the choice any day of the week i'd rather sit than jog unfortunately that uh catches up to you in the end this is the same thing with the cyber world we have cyber crime and it's easier to take what somebody else has than work for it yourself and unsecured public wi-fi

if you're using unsecured public wi-fi you're in trouble.

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You're listening to Glenn Beck.

Welcome to the program.

Really glad that you are here today.

There's a couple of things I want you to think about, and we'll talk about this more tomorrow.

I want you to think about tripwires.

Tripwires for your family, for your business, you know, everything.

What are the tripwires?

And here's what I mean by that.

For instance, I run the Mercury Studios here, and we have The Blaze, and these shows, and all these different shows that record here at the studios.

And so today I'm thinking, what are the tripwires?

And

one of the tripwires is if anybody has autoimmune, real autoimmune problems,

we have some people that have been on chemo, so their immune system is suppressed.

We have somebody else on another medication that suppresses their immune system, they should not come in anymore, not for the safety of others, but for the safety of them.

So

if you are on an autoimmune suppressant, or I mean, if you have an autoimmune disorder, if you're an immune system depressant or chemo or something, your doctor has probably already said this, but

stay away.

Don't go to work.

Work from home if you can.

Don't be in crowds, etc.

That's the first first tripwire the people who are you know most uh vulnerable vulnerable

the next one is

can you work from home

do you are you essential or can you work from home can you do all of your stuff from home if you can

you should

then you get into all right now we're going to have to start making some real choices uh and every business should do this You should see just where you are on the food chain.

You know what I mean?

For instance, here at this studio, if our talent gets sick, there is no show.

If our tech people get sick, there is no show because talent needs tech and tech needs talent.

You know what I mean?

So what are we going to do to protect that infrastructure?

All the way down to

when you have critical infrastructure, who is absolutely required to be there?

And can you work like firemen?

Can you stay and shift?

So it's one person or a couple of people that are there and they're there for a week.

And then another shift comes in and they're there for a week.

And I mean, sleep, eat, everything there.

I mean, that's a cataclysmic situation.

That's when you start to get cities that are saying everybody should stay home.

That's when you start.

That's tripwire.

I mean, these are extreme tripwires.

But you have to understand that soon, I believe, in parts of the country, hopefully not all of the country, but in parts of the country, you may be told you're not going anywhere.

Just like Italy, half of Italy was told you're not getting into your car, you're not driving anywhere, you're not going to anybody's house or anything.

Where you are is where you are.

So if you're not where you want to be right now, you should get to where you want to be because that could happen quickly.

One other thing.

This is short-term good news.

When energy is cheap, America does really well.

Energy is really cheap.

In fact, oil prices now are $28 a barrel.

That is cataclysmic for West Texas, Texas in general, because of all of our oil.

You can't make money at $28 a barrel.

Russia, I think, has to have,

I think to cover their expenses and run their country, it has to be 80,

but to cover just getting it out and refining it to some degree and putting it into a barrel is, I think, $30 or $40 a barrel.

What happened was the crown prince of Saudi Arabia called OPEC and OPEC plus nations together over the weekend on Friday, and Russia said,

no, we're not.

We're not going to play games with you.

So, Saudi Arabia went into a scorched earth policy and they ordered Saudi oil production to maximum output.

And they are trying to crush Russia right now.

Russia is trying to crush us, and we're kind of sitting in the crossfire.

But there is an economic war going on right now, more tomorrow.

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