Phase four stimulus package of some sort or another two of the most beaten down sectors of all, energy and financials are todays best performers how about that well have more on that big move lar later, one pandemic thats surging. Scotts miracle grow we tend to our gardens stocks are staging an epic rebound. Lets get to dom on more of this midday comeback. From tylers kitchen to the main set to where you are, to behind me, we have the dow its green its not as good as it was the s p 500 slipping slightly to negative territory the red over there at the lows down about 458 points at the opening bell at the high, the green you saw in last hour we were up about 260 odd points there. Thats the intraday moves. Meanwhile the laggards, youve got industrials and real estate. If you look at the stocks that are really leading the charge, check out some of these. You can see wells fargo, capital one on the financial side of things as some optimism returns about maybe some Consumer Spending and pioneer natural as a mid cap domestic oil and gas producer tyler, back over the you thank you very much jobless claims as you probably heard, skyrocketing again. Climbing to more than 36 million since the pandemic began here in the u. S. Steve. A bleak commentary on those numbers in past hour minneapolis fed president commenting on the unemployment claims calling it very troubling and saying its hard to know if the labor market or the economy have bottomed. Any mreturn will likely requirea vaccine or mass testing. Total claims over the past eight weeks 36. 5 million unemployment claims filed expressing the wide spread pain in the United States from the shutdown. The percent of eligible employees who can get benefits, 15. 7 . That differs dramatically by state. All of these big states here, michigan, nevada, one in five, one of four eligible workers then there are states with the fewest claims. They didnt experience the big shutdown states like florida with a lot of talk there they they are not processing the claims. One more bit of data the fed with a Household Economic development were doing a special supplement for april finding one out of five households reporting they lost a job or reduced unemployment 90 of the people who lost jobs were temporary but they dont have a date. In just the past hour my colleague did a story suggesting maybe a bunch of these thought to be temp area could be permanent. Lets talk about this landscape. Many hopes are riding on further support and stimulus from the government with trillions of dollars already on the table, hoump is enough always interested to see how youre coming at this. What are we talking about in terms of trillions and to put it bluntly, does it matter . Do the trillions scare you do they have any meaning are we in a some postdeficit new normal what do you think . The size of the deficit doesnt matter right now the important thing is it needs to be as big as necessary to bridge this economy to the other side of this act of god. Thats what chair powell was saying yesterday we had to shut down this economy as a health issue and we will open it up on the viruss term, not on our terms and between here and there, the fed is all in and Congress Needs to go deeper in. The deficit cant be too big right now. I think theres something to be said for lets wait and see how these initial rounds of trillions shake out. Theres an elephant in the room and thats the fed 6 trillion main Street Program which kind of very slowly starting to scale up if the fed hadnt said they would do that then Congress Might have done more actually, the main Street Lending program is a joint venture between congress and the fed. The congress provides the equity and the special Purpose Vehicle and the fed provides the leverage congress has passed equity thats the important issue right now is the fed, as jay said yesterday is in the lending business its not in the grant making business and congress is in the grant making business, including the equity that goes into the main street facility basically jay said, ive done everything i can do and i will keep doing everything i can do but congress has got to give some Fiscal Relief only congress can spend money. The fed can just lend money, including to congress effectively. Steve, i want to bring you in here to know what youre thinking through i want to engage paul with this new idea i have this Corporate Bond program has shown up that maybe the fed has been barking up the wrong tree all these years about the financial crisis about how to stimulate the economy. When i look at whats happened in the Corporate Bond market as a result of the Federal Reserve announcing it will backstop the Corporate Bond market, its been nothing short of incredible. Thats real credit creation, real money creation. I think the fed has stumbled on a fool here that its not going to let go away if half of the economy is financed in the Banking System and the other half through the public bond market, the fed stepping in to help the public bond markets and the reaction has been way more effective than i ever seen in the Banking System paul, are you there . I think his shot might be frozen for a second. Im going to engage you in that. Youre talk about why dont they just guarantee the stock market. Im not saying in this case i dont understand why they did, kelly thats what im saying. Thats the untold story that is the issue we know it works but should they do it becomes more front and center yes should they do it is a whole other question im talk about from a simple Monetary Policy effectiveness point of view. The fed does not have to guarantee or buy the stocks if effectively it buys the bonds. What it does by providing the Corporate Bond guarantee out there, so to speak or making a market available for Corporate Bond lending is to say these bonds are not going to be wiped out. That means the equity wont be wiped out and i think a lot of the rally we had in stocks was b because of fed coming in and saying you know what, that provides some cushion or floor to the equity market ty. I wanted to ask paul but ill throw it out on the table for you. Im here. Hes back ill ask you paul. You say dont worry about the deficits now its not a concern but were going to be throwing a lot of tonnage in form of treasury notes and bills and bonds into the marketplace. A lot and a lot of them are very short duration it will have to be rolled next year are you worried at all that this massive supply may not have commensurate demand and Interest Rates could go up. I do not worry about that at all. There will be no problem funding whatever we need the United States will be the global currency. I guess we got his answer there. Hes not at all worried about that as he froze up again, kenly. He got the answer in he did. Well try again with paul. Were sorry that was so in and out. I think stooeeve did a fine job ginning up the discussion. Tyler, carry on. Lets give a try with phil auto sales improving for the fifth straight week but demand has yet to snap back in any measurable or big way. Phil with some details on cars, trucks and suvs. Phil its improving. Leets say its not as bad as it was at the end of march. When you look at tlate esthe lat numbers and they track how retail sales are going its not when you buy it from the automaker. Its when you buy it from the dealership the decline last week, down 20 . Thats nothing to write home about but far better than where it was on march 29th when the decline was 59 . The sales rate, by the way, which is measured by when dealers buy vehicles from the auto makers, the expectation for this year is that the sales rate is around 15. 5 million vehicles. Ford holing its annual meeting, doing it virtually they were asked about are you ready to restart production on monday and the president of the company said wii reaere ready start on monday. The question of whether we get to full production, theres no way to know at this point. Gm said they expect to have full production up in four weeks. The wild card is what happens with mexico. Im hearing mexico may not give the full green light on starting production on monday thats crucial because of 40 of the parts were north american production here in the u. S. Come from mexico. And the covid situation down there is worsening delta retiring its triple 7 boeing fleet and warning about over staffing issues in the fall right theyre not just parking them. They are out right retiring them its about bringing down the cash burn which is about 50 million a day. They have 14,000 pilots now. Today they sent a memo saying in the fall, we think we will have 7,000 too many neterms of pilot. That means youll have to get rid of about half of your pilots by the way, next year, 2021 q3, they are expecting to have between 2500 and 3500 excess pilots then. All right wow exactly phil, thanks very much. We appreciate it coming up, well have more on todays market reversal with real estate the worst performing sector tapestry which owns brands like coach, kate spade and others is putting out plan for its path forward the ceo will join us later this hour stay with us theres much more power lunch after this these days staying connected is more important than ever. So were working 24 7 to maintain a reliable network, to meet your growing internet needs. Were helping customers who are experiencing Financial Difficulties stay connected. Were increasing internet speeds for low income families in our internet essentials program. And delivering selfinstall kits to your door. Nos comprometemos a mantenerte conectado. Were committed to keeping you connected. For more information on how you can stay connected, visit xfinity. Com prepare. Welcome back, everybody. The president tweeting today that he is confident that a vaccine should be ready before the end of the year and that he seeing quote, good data from the dozens of states that have begun to reopen. Thats in conflict with comments earlier this week from dr. Anthony fauci. He told congress theres no guarantee a vaccine will work and reopening the economy too soon could trigger more virus outbreaks. In some state that have reopened we started to see case counts go up my next guest says were at a Tipping Point for our health, economy and maybe even capitalism itself. Tell white house is involved and what it does and how its working on covid thank you very much Global Virus Network was established about ten years ago, 2011 it now has a network of 53 Scientific Institution in 32 countries who preparedness it was kcofounded by Robert Gallow its a really, super intellectual collaboration without a lot of bureaucracy i was looking into the website last night and just to do a little preliminary research and i recommends everybody go there. Its a lot of information there. Lets turn to the question at hand and that is the sensible way of eopening the economy. What i call the reopening paradox. We are all that train is levering the station many states have reopened. We know on the one hand that we have to do it. We presume that doing it entails some unknown but distinct risk of higher transmission of the illness and probably death the question is what do governments, individuals and Companies Need to do so we open int intelligently and not out of some defienance that were just impatient and want to get back to work. What do we need to do . Thats a huge question and the right question i think we need to back up we need to agree that the economy does need to reopen but we dont need to think about things in completely binary terms. Its kwae a question of how to e while minute miimizing total ham in a broader sense, i think that we need to look at this as a completely new environment that were in we need to apply basic evolutionary biology to everything that we do, which is we need to adapt we have a problem right now. That is we dont have the instant point of access, testing that we need or we should have the majority of people who have this virus, dont know theyre carrying it. Were uncertain if theres specific antibodies that we can develop after we had the virus and if there are, how long they last for we know that vaccines and cures take time to develop and test adequately this is the United States of america, ty. We dont deny reality. We dont blame other people whether its china or anyone else and we dont wait for government bail outs those are all maladapt ifr strategi strategies we americans get things doej we need to reopen in way that helps to minimize total harm what does that mean . Let me just go to the individual here because i think thats where youre going. We have a Public Health crisis that predates covid and that goes to all kinds of coexisting conditions that this virus takes advantage of obesity, heart disease, copd and other things addressing those things is one thing we really need to do in this country, wouldnt you agree . Totally agree we need to shape up. Covid afflicts the aging body, not just old people. Every one with lifestyle driven preexisting conditions are vulnerable we need to address our unhealthy living, our environmental toxicities that cause aging lik cellular and tissue damage tissue and organ degeneration like cancer. As you said, 40 of all adults in this country are obese. Just losing weight and taking care of yourself reduces your own vulnerability. Then we need to turn around and act with Situational Awareness and responsibility about what were doing and who were doing it with to avoid the potential of millionsof american deaths before this virus. And who we may be putting at risk by our actions that may not be particularly responsible. Two quick final questions. The first one is this. I just asked Paul Mcculley a question you put in my head the other day. With all of the supply of treasuries that will come on th market over the next two years, ten years, how can we be certain theres going be demand to sop it up without having to raise Interest Rates at precisely the same time as the world may be moving away from the dollar as a global currency, global store value and where were having disinflation he wasnt concerned about it are you . Yes, i completely disagree. I heard that interview i think hes drinking from the koolaid that hes used to drink from its inconceivable to me that we can continue to pretend that we can just print money and give it away apart from the fact if you step back and think about the implications of that, we are answering an era we have of state capitalism in the United States of america. I heard congratulatin the fed. What in the world are we talking about . I completely agree with you ty we have a real concern by the way, china is doing business while we argue with them theyre doing business with everybody else in the world. Buying their commodities and selling them digitally infrastructure complete with surveillance capabilities. All paid for in one. Foreigners that own a big chunk of our outstanding treasury will be decreasing their Treasury Holdings as we got 5 trillion of new treasuries being sud this year 30 have less than a 1 maturity when that come up for refinancing, sure people say we should be issuing longer term treasuries go ahead and try it. Steve mnuchin talked about issuing a 30year treasury earlier this year before this whole crisis took place and got nowhere with it. Rates will go higher i dont care what experts have to say i disagree we can pretend its nothing and throw whatever money question at it that is classic maladaptive economic strategy. You have given us a debate that well schedule with you and mr. Mcculley and bring steve into that. Are you worried about how rich the stock market is priced lot of people are. Are you . Quickly, pleased im not especially worried. Theres some under valuations. But whats happening now is stock market is catching down. Danny meyers not going to open his restaurant because he cant make money with half occupancy which is whats required employees themselves need to think about the fact that 60 of all american households have high risk residents in them. Even though youre perfectly fine as a young person who is healthy and in good shape going back to work, if you get the virus and you dont know it, you may infect people you live with and you need to encourage your employers and ask them to answer question before you go back to the office about how theyre going to develop approaches for instant point of access monitoring and reconfiguring spaces to reduce the risk youll be affected. Dan, we have to leave it there. Thank you for your time. Thank you kel fascinating still ahead, real estate is the worst performing sector today. Check out the pain in the commercial players as Many Americans are working from home. Lsg is down 60 this year. Were going to have the story and a traders take take a look at scotts miracle gro. Its shares are near all time highs as it benefits as people spend more time at home om eila a garden. The ceo will join us ahead theres much more after this connected. Ng u so you can keep your patients cared for. Your customers served. Your students inspired. And your employees closer than ever. Our network is resilient. Our people are strong. Our job is to keep your business connected. Its what weve always done. Its what well always do. A mastersdgren, youin chemical engineering. , and youre technically a genius. And it appears youre quite the investor. I like to trade. Well, Td Ameritrade has pros ready if you need help, say talking through a new strategy. Just in case things, you know, get a little rocky . Im sorry on the upside i think thats waterproof. Maybe not. Snhu lets you transfer up to 90 credits [announcer] if youve tried college but never finished, toward your bachelors degree. [woman] it doesnt matter how old you are, you can do it. You can finish. [announcer] finish your degree at snhu. Edu. All right. Lets go to sue for the latest on the coronavirus hi, sue. Mhello. Good afternoon new jerseys governor says beaches along the jersey shore will be allowed to reopen for memorial day social distancing must be maintained and groups of ten or more people are not allowed. Restrooms and showers will be open but Amusement Rides and arcades will remain closed the global death toll from the pandemic is now more than 300,000. Frances total has jumped ahead of spains with 351 new deaths report eed since yesterday this has france started reopening stores and easing virus restrictions the u. S. Remains the country with the most deaths now above 85,000 here is a story we love. In illinois one family is trying to share a hug safely. Plastic separates 85yearold rose from her grand kids but she still lets them share a loving embrace for the first time in weeks. Got to focus on the good out there. As always, you can get more on our coronavirus coverage by heading to cnbc. Com. Kelly, back to you thank you as the heads of Major Companies tout the viability of working from long term or ever, some are saying the office isnt over the Office Sector will come back according to several analysts but with some changes more offens may move to the subo shorten commutes reits with a bigger urban footprint like sl green would be at a disadvantage. Companies may be looking for more space, not less as they reconfigure to accommodate for social distancing. Some companies will want more flex Space Companies that rent private offices and Conference Rooms for day or week and that benefits brands like regis. As for the health of the office market, after hitting 35. 66 per square foot at the start of this year, the average office rent will hit 33. 23 in q4 of this year and gradually recover back to current levels by the start of 2022. On vacancies the aver raj was at 12. 3 . That is rising to a high of almost 15 in q1 of next year but then gradually ri cov lly ro current levels by 2022 how do you trade Investment Trust . Lets bring in the trading nation team today. Whats your outlook and where would you be trading in the property sector, if at all were cautious on the space i think earnings will be set in general across all companies in this particular space theres so many unpredictable variables such as rent collection, such as financing, debt, leverage and across so many sectors short term were advising our clients to turn elsewhere for yields pharma, tech, tell kecon that being said, at some point in future there will be value. We just feel like shorter term the uncertainty is out weighing the value that would be there. I would keep a close eye on it as the world starts open and people start going back to work. Where do the trends end going back to work is it really people working from home m or will or will we figur to social distance and be back at capacity in 12 to 18 months that being said, is there anything in real estate that you do think is attractive here . Not right now, kelly. We have been reducing our exposure to reits and were cautious on the sector going forward. As michael mentioned a lot of rent collection issues another thing that is interesting in the event this does get worse and theres a black swan event, a highly levered asset like this. This is part of the equity piece of the capital sort last to collect. Fp you look at it from a technical point of view, you can see the low part of this chart youre seeing the ratio dropping real estate was on the last part of the sell off as well as the recovery back. We continue to remain cautious all right caution for both of you. Todd and michael, thanks for more trading nation head to our website or follow along on twitter. Kelly, thank you very much still ahead, two big ceo interviews youll want to hear well speak to the ceo of scotts miracle gro. Thats one of the stay at home stocks up 20 in just the past month. Tapestry working to reopen stores around the globe. Its ceo will lay out its path forward as well as retail in general. Remember you can watch or listen to us live on the goe, on the cnbc app well be right back as our special breaking News Coverage continues. Happy birthday so, it goes. Hold up your answers. How is mickey doing today . Youre just a really hard worker. This virus is testing all of us. And its testing the people on the front lines of this fight most of all. So abbott is getting new tests into their hands, delivering the critical results they need. And until this fight is over, we. Will. Never. Quit. Because they never quit. Welcome back lets check on the market which is have moved to the upside in trading session only to lose some of those gains in the past 40 minutes or so the dow is hanging on the the green. The s p fractionally lower the nasdaq down by half a percent. Gains are accelerating. Oil prices are surging 6. 5 gains there they are getting help in part from the International Energy agency or iea. It sees a record drop in oil demand in the year 2020 but not by as much as previously thought as economies around the world begin to ease economic lockdown restrictions it said as demand picks up global Oil Stockpiles will fall by around 5. 5 Million Barrels per day in the second half of the the year tomorrows friday and that means the weekly Baker Hughes Rig count data we saw a record low reading for the number of active oil and rigs in america. Tyler, back over to you. Thank you very much. Lets take a closer look at an under the radar stock thats been doing quite well with more people staying at home theeds days shares of scotts miracle grow in the green today and up more than, get this, 40 in just the last two months. The stock also near an all time high on stronger demand for its gardening and long Term Products seeing huge momentum in its cannibas equipment growing business as more states legalize marijuana. Welcome. Good to have you with us thank you under the radar. Were not that under the radar, are we i dont think so. I mean theres been a lot of attention on lot of hightech stocks that have done well and some of the obvious runs i guess the characterization is that you guys might not be an obvious sort of stay at home stock. Lets move to the question here, which is this. I cant imagine a company that was hit with the eye of the storm more than yours. I cant imagine theres a more important time of the year for your business than march and april when this really hit how did you get through it well, started looking at the possibility of this occurring once we started seeing news in early january coming out of china. I think at first people thought i was pretty crazy as i talked to my team about my concerns and as we got into february, we started legit putting plans together to operate remotely. We really didnt know what was going to happen. We were pretty nervous about it. I think as soon as this started going down, what we started seeing is not only could we operate from home very effectively, which we have done and continue to do, but our feel force probably twothirds of our people are manufacturing, sales, distribution people, they did have to go to work unlike the rest of us who were able to operate from home. We paid them 150 of their normal pay they have done absolutely heroic work out in the field. Probably at the peak we had 450ish out of 5,000 field people who were reporting covid like symptoms although very few of them were ever tested. They did heroic work the retailers got their head around what was happening and what became clear right away is we had a license to operate as far as essentiality and consumers wanted our products. Thats, its been crazy ever since. Im a big consumer of your products i need some starter fertilizer by the way we can make that happen thats all right. I know where to find it. Lets go back to something you mentioned and thats a lot of your work force began early onto work remotely and its done very well what percentage of those workers do you expect will come back to an office ever what are you planning for there . I think were mixed on that p i can tell you from my point of view, im someone who commuted from new york to ohio every day and back i can tell you im not were up in our home in vermont. Im not going back to the life i had before were operating really well remotely eng o i think our willingness to learn as we go has helped us a lot of people are happy being home i think theres some people that will be able to work more from home than from work. Other people, i think a lot of our finance people, to be honest, they have more solitary work when i talk to them especially if they have young kids, they want do get back to work i think we have a super unique culture, a good one. I think the more were away from home, i do fear a bit what i call cultural dilution were looking to phase back to work probably early july our sales and manufacturing are already at work. Our remote people rnd has come back. Our executive team and our support staff are looking probably in july i think maybe one or two days a week its moe mostly to remind people who we are i dont think we have a need to rush back to work. Im still nervous and i personally dont want to get anybody sick at work i appreciate your prudence and i sure all of your employees do i do hear you say youll spend a lot less time traveling back and forth. See you soon thank you very much. Kelly. New york to ohio every day hes not the only one. A lot of people do that. Maybe not going be doing it for a while now. Thanks fascinating to hear. Im looking at the bed product shares of tapestry plunging 50 this year because retail is getting slammed by the pandemic. The ceo joins us next. Talk about coach, kate spade and what he sees for future of shopping stay with us woman my reputation was trashed online. I felt completely helpless. My entire career and business were in jeopardy. I called reputation defender. Vo take control of your online reputation. Get your free reputation report card at reputationdefender. Com. Find out your online reputation today and let the experts help you repair it. Woman they were able to restore my good name. Vo visit reputationdefender. Com or call 18778668555. Truly transformative sleep. So, no more tossing and turning. Because only tempurpedic adapts and responds to your body. So you get deep, uninterrupted sleep. During the tempurpedic summer of sleep, all tempurpedic mattresses are on sale welcome back its no surprise to anybody to know that the coronavirus pandemic has hit retailers from highend to discount extraordinarily hard and shares of tapestry especially with its losses nearly doubling those of the xrt. The etf that tracks the Retail Sector today, tapestry revealed its reopening plan by the end of this week, the Company Expects to have more than 300 Stores Offering curb side or store pick up. Courtney reagan joins us now with the exclusive with the ceo. Court. Hi there. Thank you very much. I would like to welcome judy lets pick up where tyler left off. All of your stores in china and south korea are already reopened i imagine some of that informed your strategy for north america but rath ethan opening up the stores as regular, youre just going to do curb side and store pick up. Why not open fully if global regular lations would allow youo do so . Great question and its great to be here weve come at this three different ways weve focused on leading with our values and so weve been very focused on our people, on our customers. And on the communities that we work within and its been clear to us as we listen to our people that the right way to step into reopening our stores is to do it gradually. Thats something we learned in asia in china and in south korea when we went from being largely fully shut in china for example to today being fully open and having over 400 Stores Opened in both china and south korea is that its a gradual process. Its not a just flip a switch and go from being all off to on, but its one where you led into it led by your values, led by your people. Led by your customers and particularly when were comeing from a world where we had a lot of engagement, a lot of connectivity with our customers digitally is to trans now to a physical environment and you do it a step at a time. You spoke about your people there and you did something a bit different than some other retailers. You didnt do mass furloughs for your retail employees in north america. You continued to pay their salary and benefits but youre just gradually reopening 300 stores in north america for store pick up and curb side, what does this store employment look like . Is that different . Do you need all of those employees . Well, so as you point out, we have taken a somewhat different approach than some peers and we have not furloughed our employees. At a store level and our view is back to really taking the leadership from both our employees and our customers is were going to take this a step at a time clearly were thrilled to have 300 stores open even on a curb side or store front basis and as we engage with our consumers, well see how that extends in terms of Additional Store openings over time perhaps move iing from curb side and store front to being more fully open but its not something were going to dictate as much were going to take the leadership from a a host of other sources including first and foremost our employees as well as our customers. You just put up a quarter that saw its first adjusted loss in nearly two decades as a Public Company we havent seen you do that before we know the world has changed in the last two months. You took over as ceo just seven months ago does that mean your original Business Plan strategy out the window youve got to start opver . Is tapestry still going to own coach, kate spade as we move forward . Were in a fortunate position its a challenging environment but we believe were well positioned we did move very quickly early on to strengthen, to fortify our Balance Sheet both in terms of our inventory levels, cutting our cap ex rate, drawing down our revolver, suspending our dividend so we feel very good about that. What we feel in many ways even better as you pointed out, but actually that was well before covid hit and we started a diagnostic process to really look hard at our business after i began and we developed a strategy which has proven to be spot on in terms of being appropriate for helping us navigate both this challenging environment and we believe come out of this environment and thats really a strategy thats very focused on being increasingly consumer centric. Being very data driven using it to form a lot of forward looking decisions as well as being more lenient and agile. As we move into an environment that we see trends that increase digitalization, we believe were very well positioned for that. Thank you so much for being here with us we hope you continue to inform us as things move forward and more of those stores reopen. Thank you, courtney good to be here. All right Courtney Reagan with the ceo of tapestry brands. Appreciate it. Thanks to both of you. Now despite todays reversal, its been a rough week for the market ts so wllalabt ere exactly you should be putting your money to work next dows up 145 osteo biflex. Plus vitamin d for immune support. The dow was down this morning before reversing higher. Up 166 right now so where can you find opportunity these days with us is jim, the chief Investment Officer jim, what are you favorite ideas . Think about how many people have adopts during the coronavirus shutdown those pets will need to be taken care of for ten or 15 years. I think theres a real opportunity there. Online shopping. Yep nike is a great opportunity weve all worn out the treads of our sneakers were going to have to go out and buy more soon. I was going to ask about scotts miracle grow and a lot of the trends are longterm, but a loft winners are expensive where all stocks are down year to date sh, i think theres a real opportunity in both those companies. Fair enough you also have some work from home plays microsoft. What would be your favorite . I like cdw. I think with the stock down 30 because people were worried about small and medium businesses, small and medium businesses will ultimate bounce back theyre the backbone of our economy and i think cdw is going to be selling more hardware and services to those companies. And we have time for one more if you want to sneak it in you know what, i look at mastercard and numbers they put up today just phenomenal numbers. Negative 6 volume growth year over year. Weve been shutdown and theyre only down 6 on u. S. Volume. Thats a nice snap back and i think theyre going to do welcoming out of this as cash is really a dirty word these days it is literally dirty. Thanks so much getting rooigt to the point. Jim with some buying ideas t tyler. Its really work at home, stay at home, pay at home is really what he was talking about there, kelly interesting hour see you tomorrow thanks, everybody, for watching our breaking News Coverage continues now into the final hour could be an eventful one here comes the closing bell. Thank you so much for that. Welcome to the closing bell. Stocks have climbed back from steep losses on whats been p a volatile day the dow now in the green s p just slippeded back into negative territory in fact, back green again. Up ten basis points. 59 minutes left of this session. Fears of prolonged economic weakness as a new report shows nearly 3 million more americans saw Unemployment Benefits last week President Trump threatened new taxes on companies that make goods outside of the United States as tensions with china continue to simmer and bank stocks are bucking their recent trend, push uing the market higher today