Of their foxholes and asking, is it too late to buy . I have great market pros that will help us today. I even have a few thoughts myself. Also, as President Trump is calling on democrats to end their vacations and give more money to Small Businesses, we are going to get reaction from camping world ceo Marcus Lemonis who says Congress Needs to get to work and get to work right now. All that and so much more on making money. Charles the market today being led bisectors breathing a sigh of relief from todays news, the white house guidelines to reopening this nation is giving restaurants, car dealers, all those sort of industries, a lot more visibility but its just many are wondering if its a trading pop or maybe the start of a longterm rally. By the way, what about the winners which have benefited during the crisis . Is it time for us to start closing those out . I want to bring in scott martin along with rob luna. First, guys, todays leaders, these are industries and names that have been suffering, they got a spark from this white house reopening guidelines. You know, were talking restaurants, cruise lines, airlines, hotels, casinos, event planning, ride sharing, amusement companies, even fitness, health clubs. Scott, you know, nice moves on all these today. Is it time to maybe start looking at them for longterm investments . Man, this is all stuff i love to do in my personal life so i guess for me, yeah, i would love for this stuff to keep opening or at least having the prospects of opening. You know, i want to modify i guess one of my Favorite Movie lines of all time when i think about whats ahead of us and its like if you open it, will they come. To that, i mean thats fine, we can open the country, we can open these restaurants, you can start encouraging people to take cruises again, get on airplanes, but will the consumer do it . Thats really what lays kind of in my heart here is with respect to how the consumer is going to behave Going Forward, just because something is open, yes, confidence is coming back. Last hour, neil talked about it with charlie and other guests about how yes, the checks are going out and thats helping. But does that really bring back the confidence enough before we have a vaccine, before we have more therapeutics and as that keeps going more in the future, i believe we get more confident but im not so sure that may 1st is the cutoff date, may 15th and june 1st. Its probably a few months still in the future. Charles to that point, rob, i think an extension of that question is when you reopen them, how long will it take for them to come . At one point live nation was up 12 . There are not going to be any concerts for a long time but the market, isnt it the role of the market to sniff out opportunities before they actually materialize . Yeah, no, thats exactly it. You take a look at whats going on today, lets remember just a few weeks ago we were hitting these bottoms. We are up 27 from the bottom, right, so some of those names that led that were apple, Big Technology names. The names that really werent hurt or werent going to be hurt nearly as bad as some of your live nations during this. Whats happening today is the catchup trades so we are at this interesting part of the market where if you are looking to get in here and get further upside its probably not going to be by the names that have done well already. So really to step up and get in this market you will have to take some risk here. Whether or not you believe its going to happen right away, i think the upside will be led by those type of names. Charles okay. Good. Weve got a difference of opinion there. I want to pick up on what youre saying and talk about what i call the covid 12. Those names that really made out bigtime because we were shut in. For the most part, they are all down today, whether its zoom, netflix, roku, peloton, teledocs, ea activision, you know, amazon. Stay with me on this, rob. These are the names that as we have been shut in, have dominated, their stocks have gone through the roof, but i realize almost every time the markets up big, theyre down. Could they actually be overbought . Yeah. I think they are, charles. Look at amazon pushing 2400. These are all names i like, personally, especially amazon. That being said, like im talking about right now, these names have run up significantly, they didnt get hurt nearly as bad as the rest of the market, so i think if youre looking to allocate new capital in this market its not going to be in those names. Long term, are those names going to do well, absolutely. I think you have to enter those on pullbacks, not here at the top. Charles right. Scott, im going to share the question with you but i will throw in gold since you were so ahead of the curve on gold. Its made a big move but it seems like its spinning its wheels as well. Could this be one of those names or investment in this case that sort of gives some back as the rest of the market comes on . It could. I mean, i love the fundamentals in gold, still. Youre right, we were on gold early and we are going to stay in gold because i mean, the Printing Presses are rolling and they are fwogoing to keep going throughout the summer, no doubt. I think gold looks good here. By the way, my friends, thats with no inflation in the picture. Imagine if we actually get some of that in the next couple years. So yes, i think pursuant to what rob was saying which is exactly right, gold is something to add to some of those more kind of contrary names that have been pulling back today, especially, but also, look at financials, my friend. Financials are interesting obviously today, but they have been interesting in this recent rally. They really havent popped too much. So we own jpmorgan, we own citi here. Thats an area, man, where you can probably pick up a little bit of extra beta if the market keeps rallying without getting pullback like we are seeing in amazon and others. Charles i really thought they were poised to do well this week. I think those gigantic Loan Loss Provisions have held them back. If youre looking for value maybe thats the place to go. Real quick, ive got a couple big names i want to share with you guys. Boeing. Thats the stock of the day. They brought back workers in the puget sound area. There is also a lot of scuttlebutt they may cut a deal with treasury real soon. How important is it that a name like boeing be the kind of name that leads the entire market back, scott . Its kind of more of a sentimental name at this point. I think the market wants to see leadership and probably wants to rely on the leader sship weve had, of which boeing has not really been a part. Boeings rallies have been headline driven. The funny thing about boeing is what kind of government deal did they cut, how much patience does the government have, how much money does the government have for them and lastly, do they get that max 8 aircraft back in the sky when people do decide to fly again. For me, that is the real sentimental piece that could kick boeing back up to 200 but this is a very headline driven stock only right now. Charles rob, boeing will say we are essential to the nations economy and security and President Trump has already made certain overtures and comments. I believe they are going to get a huge deal, probably better than the airlines did. Yeah. No, i agree. Everything scotts saying makes a lot of sense. I spent time on the Assembly Line at boeing plants in washington. I mean, this is a fundamentally Important Company to the u. S. Economy. That being said, as an investor, lets remember what happened during the financial crisis with general motors. General motors stayed around, it got but if you were an investor you got wiped out. We need to figure out if you are going to invest in boeing what that deal will look like when all is said and done and the risk reward from my perspective probably does not require you owning that stock at these levels. Charles gentlemen, thank you both very much. Two of the best. Always appreciate it. Have a great weekend. Meanwhile, the white house rolling out new guidelines to start to reopen the economy. They will let states make the decisions. The guidelines follow three phases and each needs to be consistent, drops in coronavirus cases, before people can get back to work and of course, keeping us all safe. The market loving this news. Really, a lot of folks are wondering will it work . I want to bring in liz peek to discuss. You know, 18page report from the white house, it felt very comprehensive to me. Obviously there are critics out there. But it felt like a combination of common sense and President Trumps ceding back to these governors, hey, you make the final decision. Yeah. I think thats incredibly brillia brilliant, to tell you the truth because as you say, critics jumped on this immediately and this has become a tremendous political football. I never could have imagined, charles, that this would be a left right issue about reopening the economy but it clearly has become that. Democrats really on the whole dont want to see americans go back to work. Republicans i think are much more attuned to the loss of life and spirit in the country and the economic damage thats being done, they do want the economy reopened, society reopened. So this has become an area of tremendous conflict. So guess what . What trump does, did yesterday, was entirely appropriate. Set out the guidelines and if there are governors including a lot in the northeast where admittedly, this disease has been a lot more problematic, that dont want to do this, dont want to relax the restraints, thats fine. Thats on them. But a lot of the country, we have seen this, with protests and so forth popping up, a lot of the country is very impatient to get back to work and i think they should be getting back to work. Charles you didnt think this could become political. I sort of think it would take a martian invasion to unite america. Now im not sure that would even do it. We have had an invasion of sorts. Thats coronavirus. Its interesting because overnight, liz, china raised their toll for the epicenter, wuhan, by 50 . This of course amid accusations that they have been trying to hide some the seriousness of the virus, perhaps even where it emanated from. Many are feeling maybe china is hurt, australia will change the relationship with them, do you think this could be a moment in time when maybe western nations decide china is not the perfect partner by any means . Not only are they not the perfect partner, i think a lot of the world is beginning to look at china and acknowledge this is the government of china, not the people of china, as basically a criminal enterprise, one that engages in enormous theft of intellectual property, one that possibly created this virus which has caused now hundreds of thousands of sick people and billions in lost revenues across the globe. I think youre going to see a sea change in how countries react to this. In the united states, it is absolutely not acceptable Going Forward and congress is even looking at this now, amazingly, that we have any reliance on china for things that are safety related issues, things like medical gear, things like pharmaceuticals. We have got to wean ourselves off those supply chains that go through china. Its not safe. We have drones, charles, looking over the country used by governors to enforce social distancing, drones that are made in china. Do you feel comfortable with that . I dont. I have no idea what kind of communications those drones might be sending back to beijing. I think there are so many arenas now where every country has to look at this. By the way, the eu this week said we are going to be very careful about china buying countries, they didnt name china but its clearly what they were intending to limit. I think this is global. I think in fact, african countries are beginning to push back against beijing. So this is something, this is a sea change charles although its going to be tougher in africa. They need that belt and road money. So do some european countries. But the eureka moment is here. Lets hope we act on it. Got to go. Always appreciate your insight. Talk to you again soon. Thank you. Charles thousands of Small Businesses now of course in limbo. The ppp is out of money, folks. Camping world ceo Marcus Lemonis who has donated money to his own employees shares why hes demanding that Congress Step up. Also at 2 25 we will dive into coping with the enormous stress that the coronavirus is creating. In fact, some are calling our new way of life the stress pandemic. Well be right back. Ive got some terrific news for veteran homeowners from newday usa. Interest rates have dropped to record lows. Newday usa makes it so easy to refinance that one call can save you 2000 a year. Newdays va streamline refi lets you refinance without having to verify your income, without getting your home appraised and without spending one dollar out of pocket to get it done. It is the quickest and easiest refi theyve ever offered. One call can save you 2000 a year, every year. Ibut youre not alone. Apart for a bit, were automatically refunding our customers a portion of their personal auto premiums. Learn more at libertymutual. Com covid19. [ piano playing ] the theater home to you,t to with xfinity movie premiere. Theres a world full of other trolls. How different can they be . Our brandnew service that lets you watch all the latest movie releases from the comfort of home. Trolls world tour available now. I will protect you no matter what, pinky promise. Just say xfinity movie premiere into your voice remote to bring the theater to you. Charles pressure mounting on congress to get more money into the Small Business payroll protection program, which is run completely dry, folks. Meanwhile, President Trump tweeting today, today people started losing their jobs because of crazy nancy pelosi, crying Chuck Schumer and the radical left. Donothing democrats who should immediately come back to washington and approve legislation to help families in america end your endless vacation. My next guest is also calling on congress to get the program back up and running. Joining me now, camping world ceo Marcus Lemonis. Thanks for joining me. How are you, charles . Charles im doing okay, except you know what, i also run a Small Business, im going through this realtime with my brethren and i know why people are upset. Listen, its a grand project but you put out a petition on change. Org because youre frustrated with this. Share your frustrations and what exactly you think they should be doing down in d. C. Well, you know, i have been in the Small Business sector for about seven years now, and have invested almost 100 million. I have a considerable amount of fear right now that a number of businesses that i invested in as a minority partner, as a financier, are going to go out of business. I understand that 359 billion is a lot of money. Im grateful. But i also know that 359 billion isnt going to get it done. The challenge that i have right now isnt that were looking for Small Businesses like the ones you mentioned arent looking for handouts. I want the remind everybody that Small Businesses are employers and they are tenants. So if you want to talk about the Collateral Damage thats going to be done if this funding isnt increased or improved, its not just going to be that Small Business owners are going to close, its that people are going to be unemployed and more importantly, we could see a potential big problem in the commercial Real Estate Market because what lines main street are a lot of Small Businesses. Charles so how much more do you think . Listen, when they said 350 billion i knew that was a drop in the proverbial bucket and i really believe congress knew, too. I think they left out the additional money to do the horse trading they always do. So i say pox on both houses. How much will it take to really make this an Effective Program and should it be longer than eight weeks, realistical clly . Theres a couple issues. Less than 5 of all the applications got funded. So thats a little scary to me, we are 5 through a 359 billion. I want to remind everybody, these are loans. These arent gifts, nobody is asking for a handout. Yes, businesses have the ability to offset some of that with payroll reductions and rent, payroll payments, excuse me, and rents, but the reality of it is if you ask most Small Businesses in america if they would like to receive a loan from the sba which for years, they were not able to get. You know, 29 billion to 30 billion a year is about what goes out, most people would say fine, i will sign up for a five to seven year amortization at 5 , 7 , but i need to copy my doors open. I have read about people getting angry well, if these Small Businesses had reserves they would be able to stay open. We all know thats not how Small Business works. Its like a lot of our employees living check to check, a lot of smaller businesses unfortunately also live that same way. Whats the right number . I dont know. But it clearly is probably closer to a trillion or more. Charles i agree 1,000 . Want to talk real quick about your business, it was picking up momentum, millenials were looking into it. I know that you have paid some money to some employees. I mentioned on twitter you were coming on the show, i got a ton of questions about who can you bring back and how long will it take for this industry to get back, because it seemed like it had the wind in its sails. We definitely had a strong first 75 days of the year. But we are consider an essential business in almost every Single Market primarily because a lot of people live and travel in these. We had to leave our Service Departments open. We sell a ton of toilet paper and things of that nature. In the last week we have seen a significant uptick in our web activity and in our virtual sort of communication with customers. Im a Firm Believer that if you look at peoples fear of the cruise industry, which i hate to say it, the airline industry, traveling outside this country, that the rv industry is going to be a big winner in the coming 12 to 24 months because people are used to now staying at home, staying close to home, being with their families. People want to get out of the house so we are optimistic that things are going to be good for our industry overall, when things return to normal, we obviously are on a state by state basis. We have no idea. Charles well, i have been a long admirer, marcus. I appreciate you coming on and hope we can talk again soon. Thank you very much. You got it. Thanks so much. Charles next thursday, folks, im going to be hosting another America Works together, a virtual town hall. Im going to be joined by billionaire mark cuban. If you are an individual with a Small Business, if you are trying to wonder about whats going to help this economy, investing, and what a postcoronavirus world will look like, make sure you send us a message to fox business or on our facebook or instagram page. Investedinyou foxbusiness. Com. Send a video of yourself asking the questions and you could be part of this. You can also tweet me, cbpayne. Your question may be answered. Its next thursday here at 2 00 p. M. Meanwhile, we are witnessing a stress pandemic amid this turmoil. Coming up, solutions to dealing with this, plus one way of feeling good is looking good. How people are adopting a more proactive approach to the beauty routine. It all counts these days. Well be right back. I have always wanted to be a teacher. Ive been teaching for over 20 years. With everything going on, weve had to alter our classroom settings. We have to transition into virtual learning. On the network, we can have teachers facetoface with a student in livetime. They can raise their hand and ask questions. They can type questions. We just need to make sure that the education is continuing. vo at verizon, were here and were ready to keep students and teachers connected to the world. Thats why verizon and the New York Times are offering 14 Million Students free Digital Access to times journalism. Heres the thing about managing for your business. S when youve got public clouds, and private clouds, and hybrid clouds things can get a bit cloudy for you. But now, theres the Dell Technologies cloud, powered by vmware. A single hub for a consistent operating experience across all your clouds. That should clear things up. Many of lifes moments in thare being put on hold. Are staying at home, at carvana, we understand that, for some, getting a car just cant wait. Thats why the new way to buy and sell a car is also the safer way. At carvana, you can do it all 100 online from home, with a touchless delivery and pickup process to keep you safe. And for even Greater Peace of mind, all carvana cars come with a sevenday return policy. Shop now and get up to 90 days to make your first payment. Check out carvana the safer way to buy a car. I was overwhelmed. And i didnt know where to begin. I came across sofi and it was the best decision of my life. I feel cared about as a member. Theres no extra costs for it or anything like that. Its all kinda like, through the app. Were getting a super competitive Interest Rate on our money. Were able to invest through the same exact platform. I really liked that they didnt have any hidden or extra fees. Sofi has brought me peace of mind. Truly thank you for helping me prepare for whatever the future has in store. Its all because sofi let us see light at the end of the tunnel. So thank you. Thank you. Charles feeling stressed during quarantine . You are certainly not alone. We are talking millions of americans arent just worried about their health, they are also worried about their livelihoods and their futures and many have questions surrounding just exactly when they can get back to normal. In fact, in a recent real clear politics oped, the author wrote that closing the economy has quote, created a more infectious, possibly more lethal disease than covid19, the stress virus. So what can we do to manage stress in our own Mental Health during these unusual times . I want to bring in Human Behavior expert karen ruskin. You had great advice a month or so ago as this was evolving and now the anxieties and fears of the disease are starting to give way, wouldnt say cabin fever because this feels a lot more intense, but im hearing from so many different people that they just cannot take much longer being locked away and isolated the way they are. Thats right. People cannot take it much longer. Whats happening is you are seeing emotional behavioral reactive response from all ages. There is emotional reaction in terms of depression symptomatology, anxiety symptomatology, people are responding with overabundance of food, overabundance of alcohol, people are responding in how they are interacting with their spouse, with their children. My biggest concern here is truly the systemwide effect this true stress epidemic is having on marriages, on parenting, on personal health and wellness, increasing suicide attempts and success, very concerned about this, as well as i just mentioned with the alcohol piece, i am seeing way too much of people using and abusing drugs and alcohol to escape from the problem. Grief loss, identity loss when it comes to jobs, people experience grief symptomatology and that affects your immune system and therefore, your health. Charles so it feels like its difficult to quantify these when you juxtapose them against two Million People around the world have the virus, a certain amount have died from the virus. As these governments, state governments, the federal government, all try to decide the consequences of us going to work too soon, how do you put this into that equation . Right. So lets take a look at the equation. If you have, without even having a number amount, lets think about it, Human Behavior, lets see it, a certain number of people who are going to die from an illness, a certain number of people who in reality are experiencing job loss and of those people who have job loss, its not just them. We are dealing with their spouse, we are dealing with their parents, with their children. Its systemwide, the number of people who are affected by not working. When it comes to work, that affects ones health and wellness and you will literally feel sick. How many times am i hearing right now people telling me that their heart is hurting, that their heart feels like its beating out of their chest. They wonder if they are having a heart attack or is it a panic attack. How do you quantify numbers . In terms of how many people are actually dying versus how many people are being impacted and not just right now, we are talking in the future, charles. We are hearing whats happening with people. If you lose your job and you cant afford to provide for your family, whats going to happen with the money that you did have to save for your future . Now youre tapping into that, if you even had that. If you dont have that, how are you providing for your family in the now . Charles certainly a lot to consider. Karen, always appreciate it. Thank you very much. Thank you for having me. Charles folks, part of this whole thing we know is people are desperate to get back to a normal life. Now at home haircuts are becoming a trend among people unable, of course, to get access to a at the same time, lawmakers in denmark have greed to free their hairdressers from the country lockdown starting on monday, and it has been an a avalanche. The demand has been so high for bookings on web sites, web sites are crashing as people try to make an appointment. For more on this, im going to bring in nonif political news. Com founder barry gibbons. You know, just the idea of going out and getting a haircut, being almost a sign of freedom and feeling good about it, its just we never thought wed be here, but this is where we are. This is where we are, and its been, what, about a month since weve cut our hair and had our hair colored so, right, were dying for a sense of normalcy. Were desperate for that normalcy, which is why youre seeing bookings over there, you know, break the system. I imagine well see the same thing here when our hairdressers come back online too. Charles well, you know, you keep a great pulse on consumer, consumerism, retail and things like that. And many people are wondering, because everyone says it wont be the same. Consumerism, you know, for what its worth, is a hallmark of americanism these days. Are we going to lose that, the idea of working hard, playing hard, achieving and going out there and enjoying ourselves . Things wont be the same, charles. I mean, we go through bad days, good days, happy moments, sad moments. As your last best said, theres an awful lot of drinking going on, an awful lot of eating going on. People are, you know, thats how theyre sort of dealing with their emotions. I mean, theres just so much uncertainty out there that people are coping with it in different ways. Weve gone from buying not only the essential products, but also stuff that just makes us feel better, those nostalgic purchases are going through the roof. So beyond just for the home office and practical purpose only, were making stuff just to give us a sense of control. For example, were buying stuff for a mock home gym so we feel like, done, finished, stock the pantry. Were trying to regain control in a situation thats completely out of control. Charles you know, vera, i was checking out this weekend in new york things people can to sort of bring the outside in, and one is like you can go to a show, theres a club called quarantine, theres a virtual club thats hot, theyve got a deejay, a private vip room and then you coordinate it with restaurants, and they bring things over. You could actually tomorrow in new york go to a costume party, so i guess you get dressed up at home, go to harlem tomorrow, i mean, is this what we should be striving to do to keep a certain level of sanity and optimism . Well, this is the how people are staying sane. I mean, this is with the kids theyre doing puzzles at home, theyre reading books, everybodys watching tv, theres a new netflix dating show, everybodys excited for that. This is soft sort of what charles the books and the puzzles i feel like part of the end campment part. I like the notion of bringing outside inside until we can get out there. Weve run out of time, vera, always great talking to you. See you again soon. Folks, this markets rally is looking pretty good, and thats despite financial naysayers. Were going to be looking at how you can actually continue to thrive in this market rebound. Well be right back. This is an athlete, twenty reps deep, sprinting past every leak in our softest, smoothest fabric. Shes confident, protected, her strength respected. Depend. The only thing stronger than us, is you. Confident financial plans, calming financial plans, complete financial plans. Theyre all possible with a cfp® professional. Find yours at letsmakeaplan. Org. Theyre all possible with a cfp® professional. Their medicare options. Ere people go to learn about before theyre on medicare. Come on in. Youre turning 65 soon . Yep. And youre retiring at 67 . Thats the plan well, youve come to the right place. Its also a great time to learn about an aarp Medicare Supplement insurance plan, insured by Unitedhealthcare Insurance Company. Heres why. Medicare part b doesnt pay for everything. Only about 80 of your medical costs. This part is up to you. Yeah, everyones a little surprised to learn that one. A Medicare Supplement plan helps pay for some of what medicare doesnt. That could help cut down on those outofyourpocket medical costs. Call Unitedhealthcare Insurance Company today. To request this free, and very helpful, decision guide. And learn about the only Medicare Supplement plans endorsed by aarp. Selected for meeting their high standards of quality and service. This type of plan lets you say yes to any doctor or hospital that accepts medicare patients. There are no networks or referrals to worry about. Do you accept medicare patients . I sure do see . Youre able to stick with him. Like to travel . This kind of plan goes with you anywhere you travel in the country. So go ahead, spend winter somewhere warm. If youre turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. Thumbs up to that remember, the time to prepare is before you go on medicare dont wait. Get started today. Call unitedhealthcare and ask for your free decision guide. Learn more about aarp Medicare Supplement plan options and rates to fit your needs oh, and happy birthday. Or retirement. In advance. Home values are up, and Mortgage Rates are at record lows. Thats good news for veterans with va loans. Thats me. By using your va streamline refi benefit, one call to newday usa can save you 2,000 a year. Thats me. Theres no income verification, no appraisal, and no out of pocket costs. Thats me. Put your va home loan benefits to good use. Call my team at newday usa. Charles breaking right now, fox news is reporting that President Trump would like to include a payroll tax cut for employees and a phase four economic stimulus plan. While employer got the payroll tax cut in phase three, the president wants to make sure employees get one in the next round, particularly as they start to go back to work. Late last year, we saw a monster wave of ceo departures, new bosses coming in. Some of these Companies Already dealt these ceos a bad hand, for the most part its within compounded by this coronavirus cry kiss. Crisis. Jack in the box, bed, bath and beyond, even boeing to see how theyre facing these adversities. Here now to help us out, lauren simonetti. Lauren, thanks. Hey, charles. Obviously, the coronavirus is picking winners and losers. B. C. , before coronavirus, many struggling companies ousted their ceos, boeing and bed, bath and beyond are two good examples. Now new ceos have to deal with the old problems plus the new ones that are out of their control or anybodys control. Lets start with the most recent departure, howard willard. He retired today. Its been a tough two years for altria dealing with losses on its juul investment. Willard just recovered from covid19, its unbelievable. His replacement will need to deal with that in addition to the future of vaping in a pandemic when some smoke shops are closed. Then theres boeing, David Calhoun was dealing with getting the 737 max jet, stock is up nicely today 12. 5 , but now hes dealing with how to accept potential federal aid at a time when 2500 aircraft are grounded. Boeing is trying to restore operations at the same time in washington and also in ohio and do that while respecting social distancing measures. Bed, bath and beyond, they hired mike triton back in november to improve sales, they had announced plans at the time to shut 60 stores, but now all of their stores are closed. And theyre furloughing most of their workers as they deal with coronavirus. Jack in the box, charles, yesterday announced their ceo is not going to start until june, right when most of the country tries to get back to business. So in all were talking about a record 1,640 ceos leaving their post in 2019 that according to challenger [inaudible] and this january also a record, 219 departures. So many newcomers are finding their plates really full at the moment and, charles, i think that is an understatement. Charles it is an understatement. Lauren, thank you very much. Meanwhile, the market is holding on to a rally on a friday, this on hopes that a promising coronavirus treatment gets experioduated here, also new guidelines for reopening the states and the economy. I want to bring in Investment Management chief strategist Alicia Levine along with hal lambert. Alicia, let me start with you. You know, first of all, i havent spoken to you in a while, so let me get your sense of how impressive this rally has been. Hindsight anyone can say, oh, yeah, it was due. No one was talking about this kind of move, 50 retracement three weeks ago, and where do we go from here . Hi, charles, nice to see you again. Yes, exactly as you say, you know, we are 30 off the lows which is really extraordinary because for all the other bear market rallies that have happened in history, this is actually the best one. Which suggests that we could be moving higher from here. But theres a really big caveat here which is the market is pricing in a lot of really good news. Its pricing in the flattening and the declining of the infection curve, its pricing in the reopening of the economy sooner rather than later. And its also pricing in the awe amazing sport support on the fiscal support on the fiscal side and on the monetary side. And on the fiscal side as youve been talking about today, you know, essentially congress is stimulating the economy by 9 of u. S. Gdp which is almost double what happened in 2008. So theres enormous support here going into some really bad economic data. Charles hal, to that point, you know, its a guessing game, and i marvel at the fact we even reference consensus when talking about any of the data thats coming out in the last few weeks. But having said that, it does feel like the market is embracing the probability of good things happening. And we know theres going to be an error risk particularly as we reopen the economy. How are you looking at this, how are you sort of handicapping where we go from here . I agree with everything that was just said, and i think were kind of in the fear of missing out phase with Retail Investors in this market. Weve had a good three weeks and, look, i think a year from now i do feel well be higher, newsily higher a year from now which means u. S. Ing equities are going to outperform cash and treasuries. So i think thats the case. But look, there theres a lot pd in, which was just said, and wheres the good news going to be from here Going Forward. I think theres going to be quite a bit of negative news, and the rebound it look like that the opening up is going to be a little slower. I was disappointed in todays news just about an hour ago on texas on the reopening, seems to be coming in slower than what i i was hoping was going to happen. And i think that may end up happening in multiple states across the country. So i think the rebound, charles, may be a little bit on pause for what people may have in expectations right now. Charles you know, alicia, again, two or three weeks ago most folks on wall street said we had to retest the lows. Are you in that camp, or do you just think we could be vulnerable . Obviously, the gyrations arent over and at some point were going to have to test this market to the downside. So i dont think we retest the lows, and i dont think we retest the lows for some of the stimulus reasons coming from the fed and the fiscal policy and also the human ingenuity aspect which, you know, i love talking about. Americas biotech and pharmaceutical companies are a great example, we had data from gilead. It seems like theres a light at the end of the tunnel. That in itself along with all the stimulus will put a floor under the market. I dont think we move much below 2400, 2500 on a retest. But i completely agree with what was just said which is were going to have a slower opening which is probably the right thing because the last thing you want is a second wave. Charles sure. That also means the economic datas going to continue to be bad. Charles alicia, hal, thank you both very much. Great seeing you. In the meantime, the collapse of demand is sending oil prices plummeting to levels not seep in almost two decades. Coming up, one texas energy ceo whos urging that state to cut production or risk losing one million jobs across the country. Hes going to make his case next. Together, well weather this storm. Charles the price of Oil Continues to slide, folks, dropping below 19 a barrel today. This, of course, is crumbling demand from the coronavirus lockdowns continue. The global bill in the works to reduce oversupply, they continue negotiations. But, of course, at this point everyones skeptical particularly about a longerterm solution. My next guest says, well, more needs to be done including in texas, a massive Production Cut. Which, by the way, has not happened since the 1970s. Ceo Matt Gallagher joins me now. You know, a lot of anxiety in the oil industry, particularly a week or so ago when there was some scuttlebutt, some rumors that maybe President Trump would order a Production Cut in this country. You know, of course, i know texans dont like that, particularly the oil industry which has its roots in the wildcatters, but you are echoing something similar to that. Yeah, thats right, charles. Thanks for having men on. But i think, you know, the choice is clear right now. We have two ways we can go about this. We do nothing, and that will lead to singledollar oil prices, its going to decimate the domestic industry, over a million jobs will be at risk, and its going to increase our dependency on foreign oil. Or we are part of a Global Solution to what is clearly a global problem, a global pandemic. We are vocal about the prorated volumes, those are the 500,0001 Million Barrels a day out of the state of texas. We vocalize that. It throws a lifeline, it keeps our industry on life support and helps us come back stronger on the other side of this pandemic. So to me, the choice is clear. Texas needs to lead and be a prorater the same way weve led in Energy Production over the last decade. Charles matt, how to you feel about one potential idea thats going around where the federal government would pay Oil Producers not to drill . I guess, you know, in this country for a long time certain farmers have been paid not to produce certain crops. Are you okay with an idea like that . Well, generally we do like to take the solutions into our own hands in our industry, the industry of wildcatters, but as you mentioned, we need to look at all things on the table. This supply and demand gap cannot be crossed with one bridge alone. We need a symphony of solutions. I think we need to look at it. I think the spr solution where the taxpayers get ans a set that they can an asset that they can sell at a later date is more logical, but i think lots of solutions need to be assessed. So we need a lot of ideas out there. Charles well, we appreciate having you on. I read your story, and youre a young visionary in the industry which has come back to life because of visionaries. Matt, thank you very much. Folks, coming up, why the message of the market goes way beyond wall street and should give you greater hope. Im going to tell you that right after the break. Ear with one call to newday usa. Our team is standing by right now to take your call. And from start to finish, you can do it all without ever leaving the house. With our va streamline refi, theres no income verification. No appraisal. And no out of pocket costs. One call can save you 2000 a year. Many of lifes moments in thare being put on hold. Are staying at home, at carvana, we understand that, for some, getting a car just cant wait. To help, were giving our customers up to 90 days to make their first payment. Shop online from the comfort of your couch, and get your car with touchless delivery to keep you safe. And for even Greater Peace of mind, all carvana cars come with a sevenday return policy. So if you need to keep moving, were here for you. At carvana the safer way to buy a car. Witpeople at higher riskng, must take extra precautions. You are at higher risk if you are over 65, or if you have an underlying medical condition, like heart disease, chronic lung disease, diabetes, or if your immune system is compromised for any reason. If youre at higher risk, stay six feet or two arm lengths away from others. Better yet, stay home if you can. The choices you make are critical. Please visit coronavirus. Gov for more information. Charles when wall street is mainstreet, so many people say charles im not in the market, it does not represent me, you hear this from politicians whether up or down. We have been reminded over the last month that wall street sometimes is mainstreet. Remember when the bottom began to fall out of this thing last month, it happened so fast, is sent shockwaves of your way beyond the investing community. Remember in this league, they only talk about the covid19 on financial channels. But the fear in the slam and the pain during the freefall was really amazing. The thing is, for that. I had two main goals that assure the audience. Number one, do not take a huge loss on anything that you will regret month even years later. People always do this, ive seen happen over and over and over again, in fact what is more painful to see people take the massive losses on something, lets say you sell a stock that yoat ten in that you paid 34 ina couple years you buy back at 40. Its human nature, it happens all the time, your second goal, if you have the temperament, try to make some money, buy stocks that are extremely oversold. I know for many people out there just trying to get the first goal was a challenge, but i gotta tell you something, i been through this. In 1987, 2001, 2009 and also all the other flash crashes and all the rampant fear and i have to say that this time around, most people that reached out to me, they were not asking to be topped off a ledge, not like they had been over the prior 30 years, this time they were looking for something to buy. We get this all the time, listen i have a little bit on our show, whatever market as first, you know something, the individual investor gets needled by wall street from being down for dumb money, that average has not been true for very long time. In fact its the masters of the universe and some managers are taking a big hit. The bottom line that you need to know is that big money can be made in these environments and mainstream is not dumb and that wall street is mainstreet particular in this environment. Have a great weekend. As i handed over to liz claman. Liz i will say it again, reach it. Do not sell in a falling market. Great advice. Have a good weekend charles. We do have a friday rally on wall street as investors see the worst of the coronavirus at the moment in the rearview mirror. State and federal governments are working together to get the economy back on track and there is word of a potential successful treatment adding to a lot of this optimism. Dow jones industrial up 407 points, we have the smp up 42, the nasdaq better by 27. So why are two bigname billionaires known for