HE’S SAYING GET ON WITH REOPENING THE ECONOMY.
JOINING US NOW IS MARK CUBAN,
WHO IS PART OF THIS COMMISSION
OR ADVISORY GROUP AND MARK,
WELCOME TO THE PROGRAM.
IT’S GREAT TO HAVE YOU WITH US.
>> THANKS FOR HAVING ME.
STUART: WE HAD AN ECONOMIST ON
THE PROGRAM WHO SAID LOOK,
YOU’VE GOT TO START, AT LEAST
START TO REOPEN THIS ECONOMY
PRETTY QUICKLY BECAUSE IF YOU
DON’T, THE HUMAN CATASTROPHE
FROM THE DEPRESSION WHICH WE ARE
RAPIDLY ENTERING WILL BE
ABSOLUTELY CATASTROPHIC.
ABSOLUTELY CATASTROPHIC. ARE YOU ON BOARD WITH OPENING,
REOPENING THE ECONOMY AS FAST AS
POSSIBLE?
POSSIBLE? >> THAT’S KIND OF SUBJECTIVE,
THOUGH, BECAUSE WHAT I’M ON
BOARD WITH IS MAKING SURE I
DON’T PUT MY EMPLOYEES AT RISK.
THEIR SAFETY IS PARAMOUNT TO
ANYTHING THAT I DO AND SO IF
THAT’S TOMORROW, THREE WEEKS,
THREE MONTHS, THAT’S WHAT I’M
GOING TO DO.
THERE’S JUST NOTHING MORE
IMPORTANT TO ME.
STUART: SO YOU ARE GOING WITH
HEALTH CONCERNS RATHER THAN
ECONOMIC CONCERNS.
ECONOMIC CONCERNS. YOUR PRIORITY IS HEALTH, RIGHT?
>> WITHOUT QUESTION.
I MEAN, LOOK, MY EMPLOYEES
HOPEFULLY TO SOME EXTENT ARE
FAMILY AND I WOULDN’T ASK THEM
TO DO ANYTHING THAT I WOULDN’T
ASK MY FAMILY TO DO.
NOW, THAT SAID, I’M A CAPITALIST
THROUGH AND THROUGH.
I’M AN ENTREPRENEUR.
I TRY TO BE AN INNOVATOR.
I THINK WE WILL BE ABLE TO
CREATE NEW OPPORTUNITIES AND THE
WAY WE DID BUSINESS BEFORE
PROBABLY IS GOING TO CHANGE.
SO WHATEVER THAT DAY IS WHEN THE
DOORS OPEN, EVERY ENTREPRENEUR
IN THIS COUNTRY IS GOING TO TRY
TO FIND A BETTER WAY TO DO
BUSINESS.
BUSINESS. SO WHILE I DON’T THINK WE CAN
JUST RECREATE WHAT WE DID
BEFORE, I DO THINK WE ARE GOING
TO BE ABLE TO CREATE AN AMERICA
2.0 WHERE WE DO THINGS BETTER,
WE DO THINGS A LITTLE BIT
SMARTER AND WE TAKE INTO
CONSIDERATION THE HEALTH
CONCERNS BECAUSE I DO AGREE THAT
SIGNIFICANT ECONOMIC TOLL HAS
SIGNIFICANT HEALTH CONSEQUENCES.
IF PEOPLE CAN’T GET TO
HOSPITALS, IF PEOPLE, YOU KNOW,
SUFFER FROM DEPRESSION, COMMIT
SUICIDE, THOSE ARE HORRIFIC
ENDINGS SO WE ARE GOING TO HAVE
TO INNOVATE.
TO INNOVATE. WE CAN’T BE DOGMATIC ABOUT THIS
AND SAY WE ARE OPEN OR WE’RE
CLOSED.
CLOSED. WE’VE GOT TO RELY ON THAT
ENTREPRENEURIAL SPIRIT AND SAY
LET’S FIND A BETTER WAY.
STUART: YOU ARE THE OWNER OF THE
DALLAS MAVERICKS.
DALLAS MAVERICKS. EVERYBODY KNOWS THAT.
DR. FAUCI SAID EARLIER THIS
MORNING THAT SPORTS DOESN’T
START UP AGAIN THIS SUMMER
UNLESS, UNLESS FANS ARE BANNED.
WHAT DO YOU SAY TO THAT?
>> I’M OKAY WITH IT.
I REALLY AM.
I THINK THE NBA HAS A MORAL
OBLIGATION TO COME BACK AS SOON
AS WE CAN AND BECAUSE PEOPLE
NEED SPORTS, WE NEED SOMETHING
TO CHEER FOR, SOMETHING TO GET
BEHIND COMMUNALLY.
BEHIND COMMUNALLY. ALL THE PEOPLE ROOTING IN NORTH
TEXAS FOR THE DALLAS MAVERICKS,
THE DALLAS COWBOYS, THAT’S
IMPORTANT.
IMPORTANT. IF IT MEANS NOT HAVING FANS AND
JUST STREAMING IT, BROADCASTING
THE GAMES ON TELEVISION, I’M ALL
FOR IT BECAUSE IT’S GOOD FOR THE
PSYCHE.
PSYCHE. FOR ALL THE REASONS WE TALKED
EARLIER ABOUT THE SIDE EFFECTS
OF AN ECONOMIC DEPRESSION AND
NOT MOVING FORWARD, WE WANT TO,
YOU KNOW, HAVING SPORTS WILL
HELP US DEAL WITH THAT, WILL
HELP US DEAL WITH THOSE NEGATIVE
SIDE EFFECTS AND GIVE PEOPLE
SOMETHING TO GET EXCITED ABOUT.
STUART: AS I UNDERSTAND IT, THE
NBA DOES HAVE A PLAN, LIKE A
25-DAY PROGRAM BEFORE A VERY
SHORT SEASON.
SHORT SEASON. ARE YOU ON BOARD WITH THAT?
>> I DON’T KNOW THE DETAILS YET.
YOU KNOW, ALL I KNOW IS WE ARE
GOING TO HAVE A CALL HERE
SHORTLY TO DISCUSS IT AND THAT
THE COMMISSIONER ADAM SILVER
SAID YOU KNOW, HE’S NOT REALLY
GOING TO ENTERTAIN ALTERNATIVES
UNTIL MAY 1st.
IT’S JUST THE CIRCUMSTANCES
WE’RE IN, THERE’S SO MUCH
IMPERFECT INFORMATION.
IMPERFECT INFORMATION. SOMETIMES JUST BEING PATIENT IS
THE BEST WAY TO GO.
I THINK THAT’S THE APPROACH THE
NBA HAS TAKEN.
STUART: YOU HAVE HINTED ABOUT
RUNNING FOR THE PRESIDENCY.
YOU WANT TO TELL US MORE?
>> YEAH.
>> YEAH. THERE’S NOT A LOT MORE TO SAY.
RIGHT NOW, I’M SUPPORTING THE
PRESIDENT.
PRESIDENT. I’M HERE TO HELP HIM ON HIS
COUNCIL.
COUNCIL. WHATEVER I CAN DO AS AN AMERICAN
CITIZEN, I’M ALL IN.
YOU KNOW, THIS IS A UNIQUE TIME
AND I GIVE THE PRESIDENT CREDIT
FOR ASKING FOR HELP AND HE
CALLED MY NAME AND I’M READY TO
STEP UP TO THE PLATE AND HELP.
STUART: IF YOU DID RUN FOR THE
PRESIDENCY, AS AN INDEPENDENT, I
CAN SEE YOU SMILING HERE, IF YOU
DID, I KNOW THIS IS A
HYPOTHETICAL BUT IF YOU DID, YOU
KNOW THAT WOULD SPLIT THE VOTE
BETWEEN THE DEMOCRAT AND THE
INDEPENDENT AND YOU WOULD USHER
IN A SECOND TERM FOR PRESIDENT
TRUMP, WOULDN’T YOU?
>> NOT NECESSARILY.
I MEAN, YOU KNOW, I’M VERY
CONSERVATIVE ON A LOT OF
ECONOMIC FRONTS AND SO IF AND
WHEN I DID, AGAIN, IT’S A LONG,
LONG, LONG SHOT, AND I WOULD
ROOT AGAINST IT RIGHT NOW OR BET
AGAINST IT RIGHT NOW, BUT I
THINK A LOT OF CONSERVATIVES
WOULD BE VERY INTERESTED IN WHAT
I HAVE TO SAY ON THE ECONOMIC
SIDE.
SIDE. STUART: OKAY.
STUART: OKAY. WOULD YOU TELL US WHAT YOU’VE
GOT TO SAY ON THE ECONOMIC SIDE?
GO AHEAD.
GO AHEAD. THIS IS AN ECONOMIC PROGRAM.
>> WELL, I WILL TELL YOU RIGHT
OFF THE BAT, WHAT I WOULD DO, I
DON’T KNOW THAT THE PPP PROGRAM
AND SBA PROGRAMS ARE WORKING OR
WHAT WE ARE DOING TO TRY TO GET
BUSINESSES BACK WILL WORK.
I JUST THINK THERE WERE A LOT OF
THINGS THAT CREATE TOO MUCH
FRICTION.
FRICTION. I WOULD WORK WITH THE FED AND
TREASURY AND BANKS AND INSTALL
AN OVERDRAFT PROTECTION PROGRAM
AND THAT ALLOWS SMALL AND MEDIUM
SIZE BUSINESSES IN PARTICULAR TO
CONTINUE BUSINESS AS USUAL.
SO RATHER THAN HAVING TO APPLY
FOR A LOAN, THEN POTENTIALLY
HAVE THE BANKS GO THROUGH THEIR
APPROVAL PROCESS AND HAVE THE
TREASURY HAVE TO FUND THE BANK
AFTER THE FACT, BY JUST ALLOWING
SMALL BUSINESSES TO CONTINUE TO
WRITE CHECKS KNOWING THEY ARE
NOT GOING TO BOUNCE, FOR
SELECTED CATEGORIES, KNOWING
THAT BANKS ALREADY HAVE FRAUD
ADMINISTRATION PROGRAMS IN
PLACE, AND MONEY LAUNDERING
PROGRAMS IN PLACE, I THINK WE
COULD DO A FRICTION-FREE
APPROACH TO KEEPING THE ECONOMY
OPEN.
OPEN. I THINK THAT WOULD BE A HUGE
STEP FORWARD.
STEP FORWARD. I THINK WE HAVE TO START TALKING
ABOUT ROBOTICS BECAUSE WHEN WE
GET BACK TO WORK, IF WE ARE
REALLY GOING TO BRING
MANUFACTURING BACK HERE, WE
CAN’T TRY TO RECREATE THE
MANUFACTURING OF THE PAST, WHERE
WE PUT EVERYBODY IN ASSEMBLY
LINES AND PRETEND THERE’S GOING
TO BE A LOT OF MANUFACTURING
JOBS.
JOBS. WE HAVE TO INVEST AS A COUNTRY
IN ROBOTICS BECAUSE THAT’S THE
WAY WE ARE GOING TO BE ABLE TO
BRING MANUFACTURING OVER HERE
AND BEAT THE PANTS OFF THE
CHINESE AT WHAT THEY DO BEST
WHICH IS LOW COST MANUFACTURING.
SO BY HAVING A ROBOTICS TAX OF
SAY 12% WHICH MIMICS WHAT WE DO
FOR SOCIAL SECURITY TAXES, WE
CAN PUT 9% TO THE SOCIAL
SECURITY AND TREASURY FUND, 3%
REINVESTED INTO ROBOTICS AND
ALLOW US TO REALLY CREATE AN
AMERICA 2.0 THAT COMPETES
GLOBALLY IN ROBOTICS AND
ARTIFICIAL INTELLIGENCE AND
REALLY ESTABLISHES US FOR WHO WE
ARE, AS THE LEADER ECONOMICALLY
IN THE WORLD.
YOU ASKED FOR TWO MINUTES.
THERE YOU GO.
STUART: NO, THAT WAS REAL GOOD
STUFF.
STUFF. THANK YOU VERY MUCH INDEED.
IT’S RARE THAT WE GET A HIGH
PROFILE GUEST LIKE YOURSELF WHO
ANSWERS SPECIFIC QUESTIONS IN A
SPECIFIC WAY.
SPECIFIC WAY. YOU ARE A GOOD GUY, MARK CUBAN.
I DON’T CARE WHAT THEY SAY.
>> I APPRECIATE IT.
STUART: HOLD ON.
WE HAVE A VIRTUAL TOWN HALL, YOU
ARE DOING IT WITH CHARLES PAYNE,
NEXT THURSDAY ON FOX BUSINESS.
RIGHT NOW, VIEWERS CAN E-MAIL
THEIR QUESTIONS.
THEIR QUESTIONS. I WILL GUARANTEE YOU ARE GOING
TO GET A LOT OF QUESTIONS FROM
OUR VIEWERS.
OUR VIEWERS. I WANT TO THANK YOU VERY MUCH