THAN ANYBODY I KNOW. WE HAVE OIL PRICES COLLAPSING.
GOLD GOING THE OTHER WAY.
IT IS WEIRD.
WHAT DOES MARK CUBAN THINK OF
IT, THE DALLAS MAVERICKS OWNER
WHO SAYS HE DOESN’T THINK THERE
IS ANY RUSH TO GET BASKETBALL
GOING ANYTIME SOON.
WANTS TO MAKE PEOPLE ARE SAFE
FIRST.
FIRST. HE JOINS US RIGHT NOW.
ALWAYS PLEASURE HAVING YOU.
THANKS FOR JOINING US.
>> ALWAYS A PLEASURE, NEIL.
NEIL: INVESTOR, YOU’RE A PRETTY
GOOD ONE, WHAT DO YOU THINK OF
THE WHOLE GOLD THING?
BEFORE WE GET INTO THE VIRUS, IS
IT A LITTLE UNUSUAL.
DO YOU BUY WHAT IS HAPPENING
HERE OR NOT AT ALL UNUSUAL.
WHAT DO YOU THINK?
>> I’M NOT A GOLD FAN AT ALL.
I THINK IT IS MORE OF A RELIGION
THAN INVESTABLE ASSET.
EVEN THOUGH HISTORICALLY IT IS A
STORE OF VALUE.
THIS IS THE WORST OF THE WORST
WE’VE EXPERIENCED IN A LONG
TIME, YOU DON’T SEE GOLD SETTING
RECORD HIGHS.
RECORD HIGHS. YOU DON’T SEE PEOPLE HOARDING IT
OR ANYTHING IN CASE SOMETHING
REALLY GOES BAD.
I’M JUST NOT A FAN.
NEIL: ALL RIGHT.
LET’S TALK A LITTLE BIT ABOUT
WHAT THE OIL MARKET IS TELLING
US.
US. OBVIOUSLY INVESTORS ARE NOT
BUOYED OR ENCOURAGED AS THEY SEE
BIG PRODUCTION CUTS COMING.
EVEN IF THEY MATERIALIZE THEY
WILL NOT BE ENOUGH.
IS THAT TELEGRAPHING MORE THAN A
SLOWDOWN OR SOMETHING EVEN
WORSE?
WORSE? WE’RE UNDER 10 BUCKS A BARREL
NOW.
NOW. >> SHORT TERM IS HARD TO SAY.
I WAS LOOKING AT SHORT TERM OIL
FUTURES THEY’RE STILL IN THE LOW
30s GOING OUT A YEAR.
WE HAVE TO ASK, THE OIL MARKET
TELLING US, EVEN IF WE REOPEN UP
AND ALLOW SOME SMALL BUSINESSES
TO GET BACK TO WORK, THE DEMAND
GOING TO BE THERE?
I MEAN, I THINK WE REALLY HAVE
TO TAKE INTO CONSIDERATION THAT
YOU KNOW, WE’RE GOING THROUGH A
RESET AND THINGS ARE GOING TO BE
DIFFERENT.
DIFFERENT. WE CAN’T EXPECT THEM TO BE THE
WAY THEY WERE.
NEIL: LET’S TALK ABOUT THE WAY
THEY ARE RIGHT NOW, MARK AND
YOU’VE BEEN LOOKING AT THE
OVERALL ENVIRONMENT, AS
SUCCESSFUL YOU HAVE BEEN IN
BUSINESS AND SPORTS.
YOU LED THE EFFORT TO SAY NOT
UNTIL WE HAVE THIS THING UNDER
CONTROL AND WE’RE SAFE THAT WE
REOPEN AND SOME OTHER ISSUES
HAVE BEEN CHAMPIONING, GIVEN
PROGRESS WE’VE SEEN IN NEW YORK,
EVEN THOUGH DEATH COUNT WAS OVER
400 LATEST PERIOD, IT IS
STEADILY DECLINING.
STEADILY DECLINING. HOSPITALIZATIONS IN NEW YORK,
HARDEST HIT STATE CONTINUE TO GO
DOWN.
DOWN. THIS IS THE 13th STRAIGHT
DAY THEY HAVE.
IS THAT AMONG THE THINGS YOU
START TO LOOK AT, GETTING MORE
PEOPLE IN TIMES SQUARE, START
GETTING MORE PEOPLE IN THE
CITIES ACROSS THE COUNTRY BUT
YOU NEED TO SEE A LOT MORE OF
IT?
IT? >> YEAH, ABSOLUTELY.
IT IS VERY ENCOURAGING.
STILL TOO MANY PEOPLE TRAGICALLY
DYING BUT WE’RE MOVING IN THE
RIGHT DIRECTION.
RIGHT DIRECTION. BEFORE YOU CAN EXPECT BUSINESSES
TO OPEN UP, BEFORE YOU CAN
EXPECT PEOPLE TO GO OUT ON THE
STREETS IN TIMES SQUARE, WE HAVE
TO DEFINE THE PROTOCALS THAT ARE
REQUIRED TO KEEP THEM HEALTHY.
YOU KNOW, OUR -- THIS IS GOOD
THING OTHER BAD THING?
WHAT ABOUT SMALL BUSINESSES?
IF YOU HAVE A SMALL RESTAURANT,
PUT ASIDE SOCIAL DISTANCING.
WE ALL UNDERSTAND SOCIAL
STANCING.
STANCING. WHAT ABOUT THE RESTROOMS?
HOW DO YOU DEAL WITH THAT?
WHAT ABOUT ALL THE TOUCH POINTS?
UTENSILS, REUSING THEM.
SALT AND PEPPER, WASHING YOUR
HANDS.
HANDS. DEALING WITH DOES POSEABLE
MASKS.
MASKS. IF -- DISPOSABLE MASKS.
WHAT ABOUT RETAIL CLOTHING
STORE, DO YOU ALLOW PEOPLE TO
TRY THINGS ON OR NOT?
DO YOU ALLOW PEOPLE TO TOUCH OR
FEEL THE MATERIAL?
THERE ARE SO MANY LITTLE THINGS
SOMEBODY NEEDS TO BE ADDRESSING.
ONCE WE GET PROTOCOLS IN PLACE,
ONCE WE EDUCATE PEOPLE ABOUT
ADHERING TO THE PROTOCALS AT
SMALL BUSINESSES THEN I THINK
WE’RE READY TO STARTED A
VENTURING.
VENTURING. I LIKE WHAT POLAND AND EUROPEAN
COUNTRIES DID.
COUNTRIES DID. I HAVE NO PROBLEM IF YOU’RE
GOING TO THE FOREST OR A BIG
PARK WHERE THERE IS LOTS OF ROOM
AND EASY TO KEEP DISTANCE.
THAT’S FINE WE’RE ALREADY
STARTING TO SEE SOME OF THAT AT
LEAST IN TEXAS ALREADY BUT WHEN
IT COMES TO SHOPPING, WHEN IT
COMES TO GETTING OUT, GOING TO
RETAIL TOUCH POINTS WE REALLY
HAVE TO BE CAREFUL AND REALLY
THINK THROUGH AROUND I DON’T
THINK WE’VE DONE THAT YET.
NEIL: YOU KNOW, YOU HAD
MENTIONED NOT TOO LONG AGO, YOU
DON’T WANT THE NBA TO RUSH ITS
RETURN.
RETURN. I GET THAT.
I SEE THAT.
BUT IF SPORTS WERE TO RESUME,
GYPPING WITH BASEBALL, THEY
TALKED ABOUT DOING IT, LARGELY
IN EMPTY STADIUMS.
ANTHONY FAUCI SAID THE ONLY WAY
HE COULD EVEN COUNTENANCE A LOT
OF THESE SPORTS GOING BACK IF
THEY WERE DOING IT IN EMPTY
STADIUMS AND THE LIKE.
HOW REALISTIC IS THAT,
REGARDLESS OF THE SPORT?
>> VERY.
>> VERY. I MEAN I THINK EXACTLY WHAT IS
GOING TO HAPPEN BECAUSE WE CAN
TAKE CARE OF THE HEALTH ISSUES.
PLUS REMEMBER FOR ALL
PROFESSIONAL SPORTS, EVEN
COLLEGIATE SPORTS TELEVISION IS
A BIG COMPONENT MUCH OUR REVENUE
STREAM.
STREAM. SO I THINK, YOU KNOW, MAKES A
LOT SENSE.
LOT SENSE. FOR THE REASONS WE TALKED ABOUT
BEFORE, NEIL, WE NEED SPORTS.
EVEN THOUGH YOU MAY NOT BE ABLE
TO GO TO THE ARENA, STADIUM OR
TO WATCH THE GAME, BEING ABLE TO
EXPERIENCE IT IN PERSON, WATCH
IT ON TELEVISION, WILL BE A HUGE
STEP FORWARD TO SOME LEVEL OF
NORMALCY FOR THE ENTIRE COUNTRY.
NEIL: DO YOU THINK THERE IS A
DISCONNECT, MARK, BETWEEN A LOT
OF BUSINESS TOPS?
WE WANT TO GET BOOK TO BUSINESS,
GET BACK TO WORK, PROTESTS IN
STATES, WHERE THERE ARE
CRACKDOWNS, A LOT OF PEOPLE SAY
HAVE GONE TOO, TOO FAR?
THERE ARE A COUPLE OF DIFFERENT
POLLS OUT WHAT THEY HAVE IN
COMMON IS THE NOTION THAT MOST
AMERICANS ARE SO ANXIOUS ABOUT
COVID-19 ITSELF.
COVID-19 ITSELF. SIX OUT OF 10 SAYING THEY WOULD
FEEL UNCOME FATHERRABLE RUSHING
THIS, RIGHT NOW.
THAT DOESN’T JIBE WITH SIMILAR
RUSH OF ABOUT A DOZEN STATES TO
QUASIRETURN, NOT TO BUSINESS AS
USUAL BUT TO MORE BUSINESS.
ARE WE MISSING SOMETHING?
HOW DO YOU LOOK AT IT?
>> YEAH.
>> YEAH. I CALL IT THE CHILD TEST.
WOULD YOU LET YOUR CHILD GO OUT
TO ANY ONE OF THESE VENUES OR
STORES?
STORES? YOU KNOW RIGHT NOW I WOULDN’T.
THEY’RE COUPED UP AND MAD AT ME
BECAUSE OF IT BUT THAT’S THE
REALITY.
REALITY. AGAIN, WE HAVE NOT SET IN STONE
PUBLIC HEALTH PROTOCOLS.
HOW DO WE WANT BUSINESSES THAT
WANT TO OPEN BACK UP?
WHAT DO WE EXPECT FROM THEM?
I USE THE EXAMPLE WE’RE TRYING
TO PUSH FORWARD MASKS.
SOMEBODY GOES INTO A RESTAURANT
AND FORCED SOCIAL DISTANCING BUT
THEY NEED A MASK.
WHAT’S THE RESPONSIBILITY?
DO YOU TREAT IT AS HAZARDOUS
MATERIAL?
MATERIAL? HOW DO YOU DEAL WITH THE
DISPOSAL OF IT?
ARE PEOPLE GOING TO WANT, WILL A
WAITER OR WAITRESS WANT TO PICK
THAT UP?
THAT UP? THERE ARE SOME EXAMPLES OF
THINGS THAT WE HAVEN’T THOUGHT
THROUGH YET.
THROUGH YET. NOW ONCE, IF ON A NATIONAL BASIS
BECAUSE THIS IS FEDERAL PUBLIC
HEALTH ISSUE, ON A NATIONAL
BASIS WE PUT TOGETHER A SET OF
PROTOCOLS ON HOW BUSINESSES ARE,
HAVE TO DEAL WITH ALL OF THESE
LONG LIST OF ISSUES.
THEN WE CAN START TO UNDERSTAND
WHAT’S INVOLVED.
WHAT’S INVOLVED. WE CAN START OPENING UP SOME OF
THOSE DOORS.
THOSE DOORS. OTHERWISE, TO THE 60%’S POINT
THERE IS NOTHING THAT WILL GIVE
US CONFIDENCE, WHEN WE WALK INTO
A STORE, THAT THINGS ARE OKAY.
I MEAN LOOK AT GROCERY STORES.
WHEN I GO TO THE GROCERY STORE
YOU KNOW, THERE IS ONE IN, ONE
OUT.
OUT. ONE OUT, ONE IN, RIGHT.
THERE IS WALKING A LINE.
PEOPLE WATCHING OVER YOU TO MAKE
SURE YOU KEEP YOUR DISTANCE.
PEOPLE WATCHING OVER TOUCH
POINTS TO MAKE SURE THINGS ARE
SAFE.
SAFE. THEY EVOLVED TO THAT POINT.
WE STARTED TO TRUST GROCERY
STORES AND OTHER SMALLER
ESSENTIAL BUSINESSES.
ESSENTIAL BUSINESSES. WE NEED TO STANDARDIZE THOSE
THINGS.
THINGS. THEN WE HAVE TO ASK THE
QUESTION, ONCE THEY’RE
STANDARDIZED, WHAT’S THE COST TO
SMALL BUSINESS?
SMALL BUSINESS? BECAUSE YOU, IT’S A GIVEN THAT
SALES ARE GOING TO BE DOWN,
PARTICULARLY AT THE RETAIL LEVEL
SINCE SO MANY PEOPLE, SO MANY
MORE PEOPLE ARE ORDERING ONLINE
BUT COST OF DOING BUSINESS IS
GOING TO GO UP.
WILL THEY BE ABLE TO STAY IN
BUSINESS?
BUSINESS? THAT WILL IMPACT THE DECISION
POINTS.
POINTS. JUST RUSHING, LET’S DO THIS, I
GET WANTING TO GET OUT THERE.
I WANT TO GET BUSINESSES OPEN AS
QUICKLY AS POSSIBLE, NO DOUBT
ABOUT IT BUT WE HAVE TO MAKE
SURE WE GET THIS IN PLACE.
THAT IS ONE OF THE THINGS ON THE
COUNCIL I’M ON WITH THE
PRESIDENT, THAT IS WHAT I’VE
BEEN SAYING AND FEEDBACK I’VE
BEEN GIVING TO MY CONTACT THERE,
WE NEED THESE PROTOCOLS SO
BUSINESSES KNOW WHAT TO DO WHEN
THEY RUN INTO ALL THESE
DIFFERENT EXPERIENCES THAT WILL
MAKE COST THEM MONEY AND MAKE
SAFETY PROTOCALS DIFFICULT TO
ENFORCE.
ENFORCE. NEIL: REAL QUICKLY, JEFF BUYS
SOES, WHO ALSO SHARES MEMBERSHIP
ON THAT COUNCIL WHERE YOU AND
OTHERS ARE ADVISING THE
PRESIDENT, HE HAS SAID THERE HAS
GOT TO BE A LOT MORE TESTING
BEFORE WE EVEN CONSIDER IT, WHAT
DO YOU THINK OF THAT?
>> I THINK IT IS GOING TO BE
HARD.
HARD. THERE WILL HAVE TO BE CHANGES
THAT TAKE PLACE BEFORE TESTING.
FIRST AND FOREMOST IN ORDER TO
TEST THE LAW STATES IT HAS GOT
TO BE SOMETHING THAT THE HEALTH
CARE PROVIDER AND EVERY TIME YOU
DO A TEST, THAT HEALTH CARE
PROVIDER, PARTICULARLY THE NEW
IS A LIVE -- SALIVA AND BROOD
TEST YOU HAVE TO CHANGE PPP THAT
IS A LOGJAM.
DEFINITELY TESTING WILL BE
NEEDED.
NEEDED. UNTIL OKAY TO DO
SELF-ADMINISTERED TEST OR WE
HAVE STANDARDS.
HAVE STANDARDS. I HARP BACK TO STANDARDS, NEIL,
THAT IS GOING TO GIVE US
CONFIDENCE IN THE THINGS WE DO
AND WE HAVEN’T SEEN THAT YET.
THAT’S WHAT IS MISSING.
WE CAN’T RUSH TO GET OUT THERE.
WE HAVE TO DO THINGS THAT GIVE
PEOPLE CONFIDENCE THEY WILL BE
SAFE WHEN THEY GO OUT,
BUSINESSES CONFIDENCE THAT THEIR
EMPLOYEES WILL BE SAFE WHEN
PEOPLE COME IN.
NEIL: YOU KNOW WHAT I’M
IMPRESSED WITH, MARK?
YOU GO TO THE GROCERY STORE AND
DO THE SHOPPING AND HELP OUT AT
HOME.
HOME. THAT’S PRETTY REMARKABLE I
THOUGHT YOU HAD A S.W.A.T. TEAM
OF PEOPLE HANDLING THAT?
>> WHY IS THAT REMARKABLE?
NEIL: NO, I’M JUST, YOU’RE LAST
GUY I THOUGHT WOULD HAVE SAID,
SHOULD I GET THE EGGS, SHOULD I
GET THE BUTTER.
TOUCHE, TOUCHE.
TOUCHE, TOUCHE. >> ABSOLUTELY.
>> ABSOLUTELY. MY WIFE’S FAVORITE YOGURT OUT OF
STOCK, I HATE IT AS MUCH AS
ANYBODY ELSE.
ANYBODY ELSE. WHAT I REALLY HATE MY WIFE MADE
ME SWEEP THINGS UP YESTERDAY.
THAT WAS TOILET DAY.
THAT WAS A REAL PROBLEM.
NEIL: YIKES!
NEIL: YIKES! BILLIONAIRE OF THE PEOPLE, MARK
CUBAN, THANK YOU VERY MUCH.
DON’T FORGET, MARK WILL BE A
VERY SPECIAL GUEST STAR ON THE
VIRTUAL TOWN HALL ON THE WHOLE
MATTER WITH CHARLES PAYNE ON
THURSDAY.
THURSDAY. DOESN’T GET BETTER THAN THAT.
WITH CHARLES HOSTING IT WILL