Blake burman with the latest from the white house. Lauren simonetti is watching the markets. Edward lawrence in washington. Lets kick it off with lauren. Lauren hey, guys, two days of severe loss on wall street. Dow, nasdaq, s p 500 closing near the lows of the session. The past two days, during that time, the Dow Jones Industrial average has given up 1200 points. Nasdaq gave up 400 points last two days. If you look at s p sectors, communication services, technology, were worth performing Services Apple shares down three today. Believe it or not, and go figure that energy was the bestperforming sector although it was still negative. Let me show you the price of oil because as oil fell, so too did stock prices overall. Youre looking at may contract which expired. It closed at 10. Look at the june contract, 13. July, not much higher. Were seeing oil prices even in the future, all trading in tandem to the downside. The worry is is that demand is contracting charles lauren, well stop you right there, because we have netflix. Lets go to connell. Connell fox business alert. Melissa, it is coming out. Were looking at headlines, revenue of 5. 77 billion for the most recent quarter is better than expected. Stock ticking up 6 in afterhours trading. Now earnings were 1. 57. The expectation there was 1. 65. Now assuming those are comparable numbers, the earnings results, earnings per share would be just a little bit below expectations but again revenue is better than expected. Were already looking at guidance which also might be better than expected. I will look through it, as we look at netflix Second Quarter, one thing you say about netflix, melissa. You get reaction. Come back with more on the numbers, for all the companies, we had ibm yesterday, so Many Companies reporting, hardly anybody gives guidance. Just the idea that netflix sees enough hey were going to earn 1. 81 a share in Second Quarter. Well have 6 billion plus revenue in the Second Quarter, that would be seen as a positive. Some of the streaming paid membership numbers are starting to come out. Paid net additions of 15. 8 million in the first quarter. That is a global streaming number. Looking for an overall number on net subscriber additions. Wait for that headline to come out. To recap real quick. Well come back to talk about the guidance in some detail, melissa. 1. 57 a share. Little bit light. But the revenue figure is better. Netflix has enough to give us guidance Going Forward. Stock is up already 10 . There you go. Medical. We have deon a boone, deion, let me start with you, what is your reaction to the numbers we just heard . Those numbers are good, very good. This is really when netflix had the time. They delivered big for the street and they did. See reaction in the stock price. Going last i saw above 460 a share on these things. Definitely welldeserved. Netflix has a real opportunity here to capture market share that it may never get back and continue to shine for investors. Liz that brings me to the next question, if it is at an alltime high, it picked up all the subscribers, because were all stuck in the house, i wonder is as as good as it gets . Is it a stock you would get into right now, or would you take your winnings on the table and sell like crazy . Melissa, the one thing you never want to do with netflix is sell the stock. Its with the best performer over the last decade this is great news. Market needed good news. The only negative in the picture they cant make any films. They cant produce any content right now. So, there is some question, are they going to be able to keep the channels filled with exciting new material but on the other hand, melissa, whats the alternative if youre sitting at home . [laughter]. Melissa well, i mean, adam, why dont you speak to that. Whats your alternative . There are a lot of other services out there, streaming services and in the same way i only bought from amazon before all this started and then because ive been stuck inside for so long and everyone else bought from amazon i had to branch out to discover new things i will keep doing afterwards. Is it possible with netflix too, that people have gone through everything on netflix, now theyre discovering other streaming services and maybe you know, again is this as good as it gets for netflix . What are your thoughts . Well it is certainly possible. One thing that skeptics will want to get into, what is the churn rate, the rate at which people are canceling as opposed to rate people are subscribing because some percentage of their audience will look to cut costs because theyre cutting costs in the household and they log off. That doesnt seem to be the theme of the day or the theme of the quarter. There may be alternatives to netflix but none of their competitors are making new shows right now either. Keep in mind from a financial perspective, im sure they discuss that, when they cant make films production costs go down. That will improve profitability such as it is. Melissa interesting. Yeah, no, thats a great point. Now it is a company more valuable than disney. Connell, i hand it over to you. Connell one of the things i would add, melissa, deon would weigh in, i was making the point going through the headlines hardly he anybody is giving us out look in it environment. Netflix says they will earn a lot more than people thought. 1. 18 is the out look. Estimates 1. 66. Estimate is under six on revenue. Think about that, deon, in a environment almost nobody knows where the future holds netflix says we do, it will be a lot better than you thought. What do you make of that . Yeah i think this may be a time that netflix out kicked its coverage a little bit. As i was saying theyre in the sweet spot right now. This is the time when people first started getting laid off. Getting stayathome orders. What is first thing you want to do, flip on netflix and bingewatch the favorite show. As we go forward, we had 22 million layoffs that we know off. Potentially 30 million. Unemployment rate hitting potentially 10 or higher. As more folks start to get laid off, lose their jobs, the prospects for getting a new job look dimmer you have to start thinking what will i cut back . Do i want to move to disney plus which of is a little cheaper . Do i use a friends netflix account instead of getting my own. Things like that could start to hurt them. As well as when the coronavirus hits emerging markets where netflix is expanding on Expansion International that could really hurt them as well in terms of number of subscribers and in terms of the growth rate. Those are things they have to watch out for. As you said 1 5 of the s p is not even providing guidance. The fact netflix comes out with this number shows theyre very confident, maybe a little too confident. Connell thats interesting. Adam, what would you say about that assertion or prediction from deon, maybe netflix out kicks its coverage . It is providing positive guidance, better than expected Going Forward and on on the subscriber number netflix reporting more paid subscribers than expected when were all locked down watching netflix every day but could they be getting ahead of themselves . This is a cliche. This is where investors earn their living. On one hand it is surprising and reassuring they are this rare company that can provide guidance. On the other hand it is not that surprising because their entire revenue base is based on their subscriptions which they know and they have a fairly accurate way of guessing at what their cancellations will be. They just know with great certainty what the next quarter looks like and, theyre able to, theyre able to provide that. Now you as an investor, not for tomorrow or next tuesday but, if into the next quarter you need to decide how long this holds. Netflix, netflix is not telling you. Connell interesting by the way, the stock has come off the highs a little bit at 4. 50 and change right now. So it is still up 3, 4 . It was up nine or 10 earlier. If it was to close there it would be a record tomorrow. Liz peek, final word on this. Youve been locked inside watching tiger king for pretty much the entire time on the quarantine. You got her. Connell there you go. That is the amazing thing, right . They keep coming up with pretty big winners. Look, i think the whole streaming wars issue is just not much of an issue when so many people have become their audience overnight. Look i think numbers are going to be good over the next six months or so. Adam is right, this is something you can cut back on, man, i think it is pretty far down the list. Connell all right, guys. Thanks too everybody, liz, and adam and dion, good analysis. Better than expected figures from netflix. More to come. Melissa. Melissa somebody had to get the phone there. More than 2. 5 million cases worldwide. This as the u. S. Surpasses 800,000. At least 18 states announcing some plans to ease restrictions due to the coronavirus by may 1st as local leaders continue to trap pell how to reopen their economies. Could be a major strategy shift. Well have the latest other than the pandemic later this hour. President trump meeting with new York Governor Andrew Cuomo at the white house later this hour. As the state struggles to ramp up testing capabilities. We have the latest on that meeting when we come back. Its best we stay apart for a bit, but that doesnt mean youre in this alone. Were automatically refunding our customers a portion of their personal auto premiums. Were also offering flexible Payment Options for those whove been financially affected by the crisis. We look forward to returning to something that feels a little closer to life as we knew it, but until then you can see how were here to help at libertymutual. Com covid19. [ piano playing ] sprinting past every leak in our softest, smoothest fabric. Shes confident, protected, her strength respected. Depend. The only thing stronger than us, is you. Witpeople at higher riskng, must take extra precautions. Shes confident, protected, her strength respected. 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. Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Connell this idea of forging a better relationship between the federal government, state government, highly anticipated meeting at the white house today. Governor of new york andrew cuomo meeting with President Trump and they have a lot of back and forth between these two especially in recent days. Lets bring in blake burman as always monitoring that situation. Theyre meeting now, blake or supposed to be . Reporter they should be meeting now. You guys have been talking about netflix. This cocabinet flicks series in its own right between the president and governor of new york especially what weve seen over the last few days. They have largely played nice in the weeks leading up to this but last week there was a very public spat between the two about the role Going Forward with the federal government as it relates to funding and to testing. During his daily News Conference earlier this morning the new york governor said testing would be his main priority for todays discussion. Listen. Testing and what does testing mean and how do we do it and how can the federal government work in partnership with the states. From my point of view i think the federal government has to take that National Manufacturer supply chain issue. Reporter they will be talking about that now. Earlier today as well new yorks mayor, bill de blasio warned that states and cities could go bankrupt if the federal government doesnt further help out with funding. In a tweet this afternoon urging congress to pass the phase four relief package that was agreed upon this afternoon, President Trump signaled that help for states is at the top of the next priority list. This is part of his tweet earlier today. He said, quote, after i sign this bill, middle ever the tweet there, we will begin discussions on the next legislative initiative with Fiscal Relief to, state, local governments for lost revenues from covid19, muchneeded infrastructure and broadband and entertainment and sports and payroll tax cuts to increase economic growth. Connell there is the 2. 2 trillions cares act. Interim package just shy of 500 billion. Now you have already got the president and other state leaders pushing for a phase four or phase five however you want to add it up at this point in time. Connell . Connell all right. Blake, keep us updated. Melissa. Melissa here now is new york city councilman Steven Levine who joins us again. You have been on top of this issue from the beginning and one thing i would ask you, it frustrates to me to see our lawmakers going to washington asking for money, then you see things like our entire Homeless Population moved on to the subways. They are not socially distancing themselves, putting themselves at risk, putting our Health Care Workers who get on the subway at risk. You have pointed out there are lots of people traveling from outer boroughs to work at hospitals, to be Health Care Workers, to work at grocery stores, putting their lives at risk as well. Do you think our Public Officials have done enough at home and what about the subways . Well i think that, particularly with the population thats homeless right now we should actually be using the empty hotel rooms that are throughout new york city. Melissa yeah. We dont have any tourists here. So i actually have a piece of legislation, a bill that would require the city to do that. Were hearing the bill this thursday, in a virtual hearing, hopefully pass that soon because people that are in, either unsheltered or in a congregate shelter, that means a lot of people per room, that is a highrisk environment. We should be utilizing those hotel rooms. The fact of the matter fema reimburses melissa 100 . Yep. So there is a strong melissa this is plan we heard before. This is a plan we heard before. Couldnt the mayor have done that by now . I mean we should be doing it right now. Melissa money allocated to this . Yeah. Melissa why isnt it happened . Im, that is the question well be asking at the hearing on thursday. And so i have a piece of legislation, cosponsored by speaker cory johnson son to do just that. There is about 30,000 individuals either in congregate shelter or unsheltered on the street that really ought to be in a hotel room. That is for the safety of everybody. And because fema reimburses it, there is really not a huge cost associated with that. I think it is 75 . It is a high amount. On the fema side. Melissa so, what do you think, as were looking at the white house right now, the governor is there asking the president for money obviously, what do you think he should be asking for and do you think he is doing enough, our governor . Well we do need the federal help on the supply chain for, for testing, that pcr testing, the tests for active infection where you have pieces of the supply chain that are not really there. We are going to need a significant revenue replacement here in new york city. Were looking at, our independent Budget Office said that were looking at over 7 or 8 billion between this fiscal year which ends in june and next fiscal year, fiscal 21. That is the amount of revenue that were going to lose in new york city. That is approaching 10 of our budget. We have, ive been in the council for, this will be my 11th budget. We never seen anything even close to anything like this, not in the financial crisis. Not in 90s, i think last time melissa can i say yeah. Melissa storefronts were empty. Before the virus came along, you guys had dug a giant hole. The storefronts were empty and people are fleeing the city because of the tax burden. So there was already a giant budget gap before this happened. My concern is that you see lawmakers like de blasio trying to blame the virus for a problem that was already here, was already created. I mean we fought at the council to have more money set aside in rainy day fund. That is something we pushed for every year. I give your speaker cory johnson son making that priority every year, setting aside these reserves for just this type of situation but one thing i just want to do want to get to here what i would like to see the governor and the mayor focus on in addition to the testing are the other pillars of a containment strategy because as we are now approaching a reduction in the number of cases, we will continue to do that, that reduction will continue to come for the next six weeks or so, as were looking to reopen new york city, this is absolutely essential, we have to be able to have a containment strategy. Testing is just one part of that containment strategy. Test something a tactic in the overall strategy. The overall strategy has to include Contact Tracing. We need to hire up thousands of people in our Health Department to be able to do Contact Tracing. We have to team up with google and apple. They have a new operating system coordination that theyre working on to make sure that smart phones are talking to one another, androids talking to iphones so we do Contact Tracing through Bluetooth Technology melissa before we run out of time, cant you guys do that, cant you guys do that in the local post . Isnt that one much your jobs to do it is essential, it is essential that we do that on a local level. Thats what im saying. There are things that the feds can do for us. The feds can help us out with lost revenue. The feds can help us out with supply chain issues. We have to be at local level, state level, do the things around Contact Tracing, setting up quarantine and Isolation System that is effective and making sure were, continuing to promote that social distancing even after we reopen. That means taking some of that burden off of the communities of color, low income communities in outer boroughs which still have to go into work. That is where they have been hardest hit by far with higher death toll, higher death rate and a much higher rate of infections. Melissa absolutely, 100 . I hope you come back soon. Thank you for coming on. Thanks for having me. Good to be with you. Melissa connell. Connell all right. We have, well we have a finding in a new study well take a look at in a moment. It actually estimates the number of covid19 cases in one california county far higher than officially reported. This could be big in terms of getting back to work and were going to talk to the dean at Stanford Medicine about that, it is a stanford study. That is up next. Plus the massive sell off weve seen in oil here especially last couple days, what that could mean in terms of prices at the pump in terms of months to come. Well be right back. And online tools you need. And now its no different. Because helping you through this crisis is what were made for. So to breathe better i started oncedaily anoro. Go your own way copd tries to say go this way i say ill go my own way with anoro. Go your own way oncedaily anoro contains two medicines called bronchodilators that Work Together to significantly improve lung function all day and all night. Do not use anoro if you have asthma. Anoro wont replace rescue inhalers for sudden symptoms and should not be used more than once a day. Tell your doctor if you a heart condition, high blood pressure, glaucoma, prostate, bladder or urinary problems. These may worsen with anoro. Call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. The most common side effects are sore throat, diarrhea and pain in the arms and legs. Ask your doctor about oncedaily anoro to start treating your copd. Go your own way save at anoro. Com connell a fox business alert to go back to netflix just for a moment. We noticed the stock coming off the highs when they reported on earnings. They were strong earnings. Basically unchanged in the afterhours session despite beating on secondquarter earnings, Second Quarter guidance and also beat expectations. A couple of things here. Netflix has predicted third and its Fourth Quarter will have lower net additions than last year. Lower net additions both in the third and Fourth Quarter. And it says it expects its viewing to decline and its membership growth to decelerate as the home confinement ends. So almost like hey this is the best you will see for netflix. In fact the company added in its commentary, if company didnt join netflix during the entire confinement period around the world, theyre not likely to join soon after. Setting that up down the line. The stock, up 9 the stock is unchanged in afterhours trading. More to come. Melissa. Melissa moments away from a senate vote, lawmakers on the floor after reaching a agreement to provide more funding to the Small Business loan program. Edward lawrence from washington. Edward . Reporter melissa, the senate back in session now. Senate Majority Leader Mitch Mcconnell just outlined a proposal, a deal that was made with democrats to add money to the Payroll Protection Program. Within that they will add 321 billion to that program and inside of that money, 60 billion will go to Community Banks specifically, 30 billion of that to the socalled nonor unbanked folks. Now to get to that, republicans agreed to 75 billion for hospitals, 50 billion for Disaster Relief loans and 10 billion for Disaster Relief grants as well as 25 billion for testing. Now that last one was the real Sticking Point in this. Republicans wanted the states to be able to run their own testing. Democrats wanted the federal government to mandate how the testing goes. In the end it is going to be a government, theyre going to outline a federal strategy but it is really the states that will really do the testing as well as Contact Tracing. Minutes ago, here is the Senate Majority leader on the floor. Listen. It is unfortunate that it took our democratic colleagues 12 days to agree to a deal that contains essentially nothing that republicans ever opposed. In my view it is indefensible that main street Small Businesses and workers had their assistance cut off for partisan leverage. Reporter now President Donald Trump urging the senate to pass this quickly. Senator Chuck Schumer going out saying it was democrats actually that fixed the Payroll Protection Program because they say it wasnt working the way it was supposed to work. Bigger companies were squeezing out the little guy and getting those loans according to senator schumer. Republicans though openly frustrated about the delay. Listen. Im worried the speaker sees this as a political opportunity and she needs to stop thinking about the next election, start think about the next generation. I give her this, she is consistent, whatever trump wants she is against. This is no time for that. Reporter now the house will come back into session tomorrow to take up this proposal. It appears now a vote in the house will happen on thursday. Now because of the changes to the Payroll Protection Program the internally the Small Business administration will have to look at that, read it, come up with guidelines for the banks. So the money likely wont flow to those Small Businesses until next week. Back to you, melissa. Melissa oh, unbelievable. Edward, thank you. Connell . Connell were watching a lost things here at once. We have an update coming from the Coronavirus Task force at the white house. That should be in about an hour, according to the president s twitter account. Says the briefing will be about 5 30 eastern time. Of course the president s meeting with Governor Cuomo of new york. That is supposedly going on right now. Anything out of the White House Well bring you as we move throughout the hour. And then u. S. Officials say theyre monitoring these reports that came out that the north Korean Leader kim jonguns health may be in danger after he underwent surgery. The addition we have to that today the u. S. Government has extensive contingency plans in place weve been told if kims condition worsens. So more to come as we get it on that. Well be right back. Mobile app so you can quickly check the markets . Yeah, actually im taking one last look at my dashboard before we board. Excellent. And you have thinkorswim mobile so i can finish analyzing the risk on this position. You two are all set. Have a great flight. Thanks. Well see ya. Ah, theyre getting so smart. Choose the app that fits your investing style. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. 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Ask your doctor about trulicity. Hold on one second. Sure. Okay. Okay safe drivers save 40 guys guys check it out. Safe drivers save 40 safe drivers save 40 safe drivers save 40 thats safe drivers save 40 . It is, thats safe drivers save 40 . Hes right there. Its him hes here. Hes right here. Hi hi. Hey thats totally him. Its him thats totally the guy. Safe drivers do save 40 . Click or call for a quote today. Melissa a return to normal, different strategies are emerging on how to reopen the economy amid the pandemic. Here now to discuss it, john bussey from the wall street journal. John, you know that the governor of new york is meeting with the president right now and theyre undoubtedly talking about how to get things back to normal as the governor has said. He doesnt want to reopen things unless he gets money from the feds. A lot of focus is on sort of, how do we do this . One thought, yesterday that bill mcgurn was talking about going from protecting the healthy, but going to the helping the vulnerable. That were sort of quarantining the wrong group. What are your thoughts . Over 43,000 deaths in the united states, that is a lot of people that are vulnerable over 804,000 people that tested positive. Im not sure, melissa, how you make that distinction. Is it people in Nursing Homes . Is it people over a certain age . Melissa yes. This is virus that is pretty nondenominational and is attacking all the age groups and the healthy as well. Under, you know, under the age of 64, something on the order of 30 of the cases are happening to people that are under the age of 64. So and 30 of the deaths. So what exactly does that mean . Is that kind of an excuse for governors to get around the necessity of protecting their populations while melissa if i could just jump in for a second here. Because, it seems like there is a significant amount much evidence that the people that, yes you can get it if youre healthy, but it doesnt have the same impact on you. The people that were seeing get very sick and die have other comorbidities according to the doctors who have been working on this. I mean there are people who are older and in Nursing Homes, yes, those are people we really have to protect but people with diabetes, people with heart conditions, and a lot of younger people who did pass away as a result of this had some underlying condition they didnt actually know about beforehand. So it might become one of those things where, you know, do we send people back out who have already been exposed to it and are still healthy, you know, like myself. Ive been exposed to it but i never exhibited any symptoms. We cant, i dont know we can wait for testing for everybody, as you know the economy is in shambles. By the time we get all the ingredients that you need to make all the tests, to test enough people, that are in other parts of the wormed being held hostage, you know, that the ingredients, i dont know that well still have an economy left to go back to . Well, that is the argument for opening up the economy and there is some validity to it. At the same time i think that there is also an understanding that it isnt just people with comorbidity. Certainly that increases the likelihood of you getting sicker and of death. If you have some underlying condition. But it has attacked and killed a lot of people who do not have comorbidity across the age spectrum. So the difficult, the difficult calculation that governors have to make right now is, how much damage is being done to their economies . Can they fine a way to, at least in some respects, in some parts of their state open up their economies with some confidence . And to do that, melissa, you have got to have sufficient testing capability. You got to know whats out there. Over 804,000 reported, confirmed cases in the united states. Probably, an order of magnitude more than that because we havent been able to test. When you say Governor Cuomo has gone to the white house asking for money, he is asking for testing capability to protect the population. And i think all of us want to know with confidence how extensive is the disease, has it been sufficiently flattened, that we have the confidence we can go back to work and know that authorities are going to be able to identify clusters when they arise again . Melissa yeah. Although he did admit today in his press conference that other governors have gone out and gotten their own testing materials and that his own daughter said to him why didnt you get your own testing materials . He will get money to fill the giant hole in his budget, which a lot of it was there before the coronavirus ever came. I dont know. Wee agree to disagree. John. Thanks for coming on. I appreciate it. Connell. Connell we have a look at this new plan out on manufacturing coming up in a moment. Manufacturers in many ways are on the front lines of all of this. Well talk about how the industry plans to play a leading role getting us out of this. Reopening the economy. The new plan is just out. We have the guy behind it coming up in a moment. We have the Task Force Briefing that is set to begin 5 30 eastern time. The meeting, Governor Cuomo, President Trump going on at the white house. Anything out of that, as soon as it breaks. On top of all of that, huge story breaking in the sports world were talking about. Well be right back. As a doctor, i agree with cdc guidance. I recommend topical pain relievers first. Like salonpas patch large. Its powerful, fdaapproved to relieve moderate pain, yet nonaddictive and gentle on the body. Salonpas. Its good medicine. Hisamitsu. 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Connell back now with a really big story breaking from the world of sports. All protight end, Rob Gronkowski is set to come out of retirement and reunite with his old friend tom brady in tampa bay. Multiple reports including one from jay glazer of folks sports, that gronkowski is being traded from the patriots. He and a 7th round pick going to tampa bay in exchange for a fourth round pick. Here on the phone is our sports guy jarrod max. Fox news sports headlines 24 7. We have a lot going on in the world and the show. I didnt think we have get a sports story on unless it was a big one. This is one a lot of people talk about. What do you make of it . Pretty amazing, Rob Gronkowski maybe wanted out of new england. We have seen him run the gamut. He has been selling cdb. He is working for worldwide wrestling. All along keeping himself in good shape. This is unbelievable news, it isnt so unbelievable when you believe gronk was in great shape and tom bradys primary target, almost a security blanket to have him. They won three super bowls with the patriots. Tom brady is with the buccaneers. He got his man to play tight end here. His agent Drew Rosenhaus told nfl network to play for tampa, 10 million per year. Now the buccaneers can really start to become a serious threat because it was just recently we heard that one of the sports books had them better odds than the new England Patriots on the win total. Connell quick point though, the first thing i thought of, when i heard about this, how starved we are in this environment to talk about sports. I think it was true the other day when espn ran the Michael Jordan documentary. Got huge ratings for it. Everybody was talking about it, ratings for it, people talking about something kind ever normal, talk about sports. Im sure you hopped on the phone with us to do real quick just that, jared. We have a football season, we think they will, this is real team they have in tampa bay . It is a legitimate team. If youre in the nfc south not just who tom brady will get as receiver but now gronkowski. Arguably among the the greatest tight ends ever. He brought special gifts we havent seen for others his size. It has been a quiet this week for sports. What is canceled or coming back, who is say we should come back such and such a date. Seems more and more if we read the tea leaves we can start to make sense of this. Sports will come back of course and it is going to slowly come back in baby steps without fans. We have a Golf Tournament that is scheduled. There will be four straight Golf Tournaments for the pga, there wont be fans that will serve as trial balloon to look to see how that works out. Maybe we proceed from there. Connell you know, were really getting ahead of ourselves because we dont know if there will be fans in stadiums. You know where the super bowl is, i think. It is in tampa bay. This year the super bowl is in tampa. Wouldnt that be something if that were the case. As long as tom brady doesnt get him seven arrested or anything. Tom yesterday, a big story with the patriots of the day was that tom brady was working out in a park that had been closed. So they let them go on his way. He did in the get in any trouble. I just kept thinking if they had the big old marti moose thing, from the vacation movie, sorry folks, parks closed. Maybe he wouldnt have realized. Connell he will be happy to be in the headlines for different reasons. Teaming up with his old buddy if it all works out as being reported. Jared, thank you very much. Rob gronkowski only 30 years old, coming out of retirement to play with mr. Brady. Melissa. Melissa super bowl is in tampa. That is right. A major free fall. At least six states are seeing the lowest gas prices in over a decade. How long this record drop could last. Thats next. Plus the Coronavirus Task force will give its Daily Briefing in the next hour. We will take you straight to the white house just as soon as it against. Heres the thing about managing multiple clouds for your business. 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,. Actions to help prevent the spread of respiratory diseases. Wash your hands. Avoid close contact with people who are sick. Avoid touching your eyes, nose and mouth. Stay home when you are sick. Cover your cough or sneeze. Clean and disinfect frequently touched objects with household cleaning spray. For more information, visit cdc. Gov covid19. This message brought to you by the National Association of broadcasters and this station. Melissa fox business alert. Chipotle up afterhours. Revenues came in in line after the company says its withdrawing its previous fiscal 2020 guidance related to Comparable Restaurant sales growth and restaurant openings. Chipotle trading higher by almost 20 . Connell lets talk about american manufacturing. Industry production down 15 since the outbreak according to a Goldman Sachs estimate. The association of manufacturers has a plan to get the country back on track and the industry back on its feet. Jay, i know you presented your plan. I will start with a quick curveball for you. The president just wrapped up a meeting with Governor Cuomo at the white house. A few quick questions on sly chains. Governor cuomo says he wants the federal government to help out when it comes to testing kits and sorting out supply chains he says new york has been having. How do you see the government working with organizations around the country getting us stuff when we need it. Well make the can pe, the medical supplies. The cleaning agents, the sanitizing agents and food supply. Well work with whoever we need to to make sure our community is stocked so we can respond to these hotpots around the country. We have been working with fema, the Coronavirus Task force, and we have been working with governors to make sure the American People have the ppe they need. You will see the need for that expand even greater as we open up the economy. Connell its one of the things you talked about in your plan. You want government to help out some of these companies in terms of giving them incentives to change what they are doing, retool their business and make ppes and other things. Whats the role of government there . The senate is passing a bill that will replenish the ppe loan fund. And you will see that play. Thats obviously going to be a good boost in the arm for manufacturers and businesses of all types and sizes. We are hopeful as we transition from response which we are in right now to recovery and opening back the economy in three phases and go to renewal, well have incentives to bring manufacturing back into this country and start expanding manufacturing and supply chains here in the united states. Connell it seems like it might be one of the byproducts or side effects of all of this. Time for one more question. As you present all these things, you say there are stables for how we recover and reopen. Would you say you are on the side of getting this country back up and running as soon as possible or are you even counseling your members to have a more cautious approach to things . Actually both. Everybody wants to have this economy open as quickly as possible. I certainly do. And i know everybody that i know wants to as well. But i can tell you this. I find it incredibly irresponsible for folks to be going out into the public unprotected with their children for these rallies. What happens is they are threatening my manufacturing workers. Those people who have to be on the front lines every day. Making the ppe and the food supply. They are risking their lives he single day when they go on to their jobs to keep us healthy, safe and well fed. And they are risking the lives of our First Responders and grocery clerks and pharmacists. I want to get it open as quickly as possible. But if we continue to have these risky behaviors. It will delay the opening or well have a rebound and well have to close down again. And believe me nobody wants that and manufacturers certainly dont want to see that happen. Connell we have to run. We thank you for all your thoughts. Melissa well, it was quite a market day after we saw oil tank, no pun intended yesterday. Today looking at earnings coming out the chipotle and netflix. Netflix hitting an alltime high. Then there was the sports news. That was a distraction from things i think. I thought it would take a big thing to get the sports story on. The gronk coming out of retirement to play with tom brady. Well have a football season and thats something to look forward to, right . Mel are absolutely. That does it for us. Thank you for watching. Lou dobbs tonight starts right now. [ ] lou good evening, breaking news tonight. The senate has agreed to a deal increasing funding to the wuhan virus relief package, 320 billion being added to the paycheck Protection Program helping 2 million Small Businesses and their employees. The agreement coming after weeks of delays from the radical dimms. In addition to the money going to the Small Business relief program, another 60 billion will go to Economic Injury disaster loans