Marketing your money. Plus as mentioned, we are waiting, to hear from the white house. First the briefing from the press secretary in over a year a used to be a daily occurrence. We will take you there live when that begins. There is a shot up and theres the podium and the press secretary Briefing Room. Millions of workers around the world marking mayday today with protest, not only for the working conditions but for relief on things like rent as the Unemployment Rate skyrockets. We will have a live report, all that and a lot more coming up on making money. Cheryl wall street suffering a deep selloff as we await, we have the wide picture right there, theres the Briefing Room at the white house, the first formal press briefing that weve had, more than a year, 2 00 p. M. Eastern time, the good old days. This is her second week on the job, the press secretary expected to take questions obviously on the coronavirus outbreak and President Trump threatening the use of tariffs against china. We know that question will come up today, like berman has the latest from washington and whats old is new again with the briefing. What you know about it, for the first time the more than a year, what concept, press secretary is going to walk into the Briefing Room, stayed up at the podium and take questions from the folks who cover the white house on a daily basis, we have not seen this since march 2019 but the new press secretary kaylee mcenaney, bringing back the old norm. No matter who weve been hearing from within the white house on the economic side over the last couple of days, the white house made one thing very clear, they are going to take their time to survey the landscape to see what comes next as it relates to another potential relief package. I wanted to listen here to larry kudlow what he said this morning. That the white house could make its next move in a month time. Right now we are in a pause mode maybe the next 20 or 30 days, lets see what happens with the latest help, we have her own set and we will public up together in a few weeks and resume the discussion. The market is reacting and parts to comment that was made by President Trump after yesterdays close, the president suggested that the u. S. Could retaliate against china for handling of covid19 not by backing out of debt obligations but rather through the use of tariffs. You know you say we owe you a certain amount of money and we will keep it. But when you start laying the game youre really hurting the importance of the greatest currency on earth. But we can do in other ways, we can do it with tariffs and other ways beyond that. As we said at 203 on the east coast, we await the White House Press briefing, you can see there the left side of your screen Kayleigh Mcenany said to come up any moment. It will be a different circumstance because of the circumstances the elements are dealing with right now with social distancing. The 49 chairs, seven by seven that are normally there in the Briefing Room, just 14 will be occupied because the white house just like everywhere else easy basically taking up the social distancing practices. Nonetheless will get some questions into the press secretary. Cheryl this is good stuff. I have to tell you this is what her second week on the job i think. Yeah. Second week on the job its been less than 20 days or whatever it is. She clearly, this is something that she wants and its clearly an opportunity that the president is giving a green light to. Cheryl will see if he tweets during that briefing. Thats the next question. Thank you for that set up in the preview. As we await for the briefing to get underway at the white house lets bring in Fox News Contributor liz peek and trump advisor curtis, its great to have you both here. Ill have to interrupt you, my apologies in advance when the briefing begins. Liz i want to pick up on something that blake reported, the comments from President Trump about china. The idea of tariffs is basically punishment and im paraphrasing. What do you make of that . I totally agree that we have to punish china for not being straightforward about this horrible virus that is because so many deaths and so much destruction but i dont think tariffs as a way to go cheryl. We use tariffs to reset our trade agreement, that was a good idea but this is very different, i think this calls upon us to actually work very hard to bring supply chains into the United States, make sure we are never again dependent on china for medicines, medical supplies, i would expand that to other important sensitive products that are hightech and things like that. We need to show the world that china is not trustworthy. Thats what the messages here. Tariffs is not the way to go, i think other measures being very cautious about letting scientists and Chinese Students into our universities, being very, very careful about what kinds of Companies China can acquire in the United States. Although send a message of distrust and thats what we should be showing here. I think theres other ways to do, by the way, i totally agree, not repaint that would be the opposite, that which os to be untrustworthy, not china. Cheryl to be fair that is debt that we as a nation took on but at the same time, i went to bring in curtis because honestly the supply chain from china has come into question and we knew we were over dependent on the chinese weather is for prescription drugs or goods or services. This really makes it very clear that we cannot trust them. What do we do as a nation. I agree with liz, we have to bring the supply chain back to the United States. We saw an executive order today where the president signed in order saying that power and Utility Companies cannot be buying goods from china or the power stations from the transmission lines. Right now there is one u. S. Manufacturer of the electrical grade going into the high voltage transformers that are crucial part of the electrical grade, we cannot be dependent on china for that but thats the case right now. One way we get the supply chain back to the United States is by using tariffs. Thats how we built our industry in the first place. There was a barrier of tariffs that made it uneconomical manufactured goods overseas made it more economical in the United States, thats how we built this country, thats the american system. The other thing were hearing sources say to the president is getting ready to block the plan, the federal Retirement Fund from being invested in Chinese Companies. Thats another way we can cut off the blood supply to the Chinese Communist party, we dont have to sue them and try to get them to pay money, we do still give the money in the first place, thats a much more efficient way to make them pay. Cheryl think of all the Chinese Companies that are publicly listed on the nasdaq for example in these are companies that dont have the same standards frankly that u. S. Companies do ass i know they say they do but i want to ask you about larry kudlow and the comments he made this morning about it being weeks before we talk about more stimulus, thats a lot, we have a country that is suffering, even people filing for jobless claims in six weeks, can we wait for weeks, five weeks . I think we can, at this point is pretty obvious i will of the money that is supposed to be going out to people and businesses in distress have not gotten out there yet. Lets wait and see, there is some indications already that this economy is bouncing off the bottom, little bit of a sign that retailers are seeing business pick up off a lot of space has begun to reopen. I think it would be incredibly careless nancy pelosi talking about another trillion dollars, people have to take a step back and say what have we done to the feds balance sheet, what are we doing for the national debt. I know that these issues are not being talked about very aggressively right now, i get it, the nation is suffering but lets see what kind of green shoots show up and what kind of natural recovery were going to have before we put on another trillion dollars in debt. Cheryl lives in curtis i appreciate your time, certainly theres a lot to cover will have you back soon on the program. We are waiting for the White House Briefing to begin in washington. The china trade worries and the president brought this up yesterday, a couple of disappointing earnings well into the red for the first day of trade for the month of may but i got to remind you, this may seem wild to all of you but were coming up to the best month for the dow and s p since 1987. Wrapping up one of the busiest weeks of earning reports for the quarter. They have been a little rough, where should investors be looking now i want to bring in the management cio fox business interpreter scott martin and chief investment strategist rob. It is weird as we watch his numbers, were pushing session lows and may lose her gains for the week. I want to learn viewers n no but the markets are shooting higher, the economy seems to be falling apart, scott, wheres the truth and the reality in all of us. You mentioned some of the highs are coming off being the best month since 1987. It is likely that profittaking is actually in healthy thing. In the earning is out this week have been terrible so the market is taking those into consideration, a lot of that was baked in an a lot of opportunity here. You mentioned amazon and ill tell you if you look at amazon, you have a company that is crushing it at aws, the amazon word service, a lot of the future of the company alone, the company that is making 75 billion topline as a consumer Staple Company by the way, every quarter which is great and the fact that to the Companies Pulling back 75 afterwards rallied well into the cell if we had in the last several months. In my opinion looking for values like that as the weight of the stock inventors taking advantage. Are too worried about this news having to go to congress to testify about the wall street journal report. It actually got called on. We have got the White House Press briefing getting underway press secretary Kayleigh Mcenany and her first briefing. Afternoon i have an announcement on hospital funding is appropriated in the third phase of Coronavirus Relief. The Trump Administration will distribute a total of 12 million and provided relief on payments to 395 hospitals across the country that have been hardest hit by the covid19 pandemic. These hospitals have collectively cared for over 70 of the 184,000 americans that required hospital inpatient cares. 10 billion of the 12 billion will go towards hospitals training 100 or more, 19 omissions, hhs is distributed in additional 2 billion to the 395 hospitals in proportion to the amount of care that they provide to lowincome and uninsured patients. This is consistent with our effort to ensure that americans who need federal government assistance and most receive it. Will be releasing a breakdown of the states receiving this funding in the counties receiving the funding before your awareness, new york, new jersey and illinois receive the most by state while new york, new york, bronx and cook illinois receive the much enter most determined by metrics radar Healthcare Providers as President Trump has acknowledged our heroes as we work to defeat the invisible enemy. This really funding will help these heroes defeat the virus. In reacting to cares release, i love what this one provider said, he said thank you and god for this relief, i have tears in my eyes out of gratitude for these funds, thank you so, so so much. Additionally 100 flights as part of your bridge will have been completed to date. These flights have been exabyte in nearly 1 billion pieces of ppe for healthcare heroes. The third phase of Coronavirus Relief also included 320 billion in additional funding for the paycheck protection program, as you all know forgive provides forgivabls to keep the employees on payroll. This program is extraordinarilys successful during the first round of ppp loans, 1. 6 billion loans for Small Businesses and one of the 1. 61 million were given to companies with ten or fewer employees so it is gone to Small Businesses and businesses that need it most. The ppp, it is not just another government program. This is supporting Everyday Americans who through no fault of their own have found themselves in a predicament. We saw this firsthand at the white house on tuesday. On tuesday President Trump welcome Small Business owners and employees to the white house, these Small Businesses receive ppp loans which help them pay their employees during the pandemic, bidding and bose was among the Small Businesses welcome to the white house. Those employees have 120 people with intellectual and develop mental disabilities, the coffee shop not too far away from here. They had to temporarily close its doors but because of peopl p loans they were able to rehire all of its employees. I had the real honor of getting to meet one of the employees and he offered some words of encouragement to our country and they really touched my heart and i think theyll touch the heart of america if you would not mind playing those remarks. President trump in ivanka thank you for inviting me. Thank you, mr. President for having us. I love my job and im excited about going back to work. We like to use a phrase here calls not broken. That means me and all my coworkers are not broken. And we have lots to offer. Another great country of the United States isnt broken either. So on behalf of myself, megan and all the employees, thank you for inviting us over. You guys are family. [applause] michael is an incredible young man, i gave him a call yesterday and asked him what he was up to and he said he and his fellow employees were handwriting notes to put in with their coffee packages that they send out to consumers. I received one of these notes from another company and it really just puts a smile on your face. Michael is doing that each and every day and they represent the hope and opportunity that is on the horizon for americas workers as their body and business bodies the american spirit. Work is like michael show this country is not broken. And then we will recover together. Michael, thank you, youre an american hero, thank you for sharing the message of hope and with that i will take questions. Welcome to the podium for the first time. Thank you. The markets are down substantially today after the president suggested he might use tariffs to punish china over the coronavirus. Is there any serious consideration given to putting new tariffs on china or was the president sit falling yesterday. I wont get ahead of any announcements from the president but ill echo the president s displeasure with china. It is no secret that china mishandled the situation. Just a few examples for you, they do not share the genetic sequence until a professor in shanghai did so on is on the very next day. China shut down the lab for rectification, they so walked information on human to human transmission alongside the World Health Organization and did not let u. S. Investigators and at a very important time. So we take displeasure with chinas actions but i certainly will not get ahead of the president s announcement. Is the president fiercely considering forcing china to pay some compensation or reparation, whatever word. When it comes to retaliatory measures i will not get ahead of the president on that. Thank you and welcome to the podium. The president said yesterday that he has a high degree of confidence that the coronavirus originated in a lab in wuhan, china in his own intelligence agencies say theyre still investigating. Does the president have information and has he drawn a conclusion of the Intelligence Community no yet . It is consistent with the other intelligence and assessments. We continue to have very limited from china. They indicated it is consistent with what some analysts believe is at the center where the virus began. I would note that intelligence statement you are referring to make two points, one that this virus originated in china. Two, he began to contact with infected animals or with the result of an accident of her laboratory in wuhan. So i consider that consistent with what the president said that he seen intelligence suggesting it could be in the will hand laboratory. To lean into the idea that this started in a laboratory, as a statement that we saw from the dni that we are still investigating those two options that you laid out. As a president anyway creating mixed messages . Let me remind everyone, intelligence is just an estimate essentially and its up to policymakers to decide what to do that intelligence. In this case the policymakers, the president of the United States and how make that decision at the right time. Is a president close to deciding what to do about china . Has he received recommendations on the consequences, is he anywhere in your decision . I will get ahead of the president s decision or the timing but he takes his very seriously because the decisions of china that i referenced slow walking some of the information put american lives at risk and rest assured, this president has one priority and that is the safety and the wellbeing of the american lives. Thank you so much and welcome. Its been more than 100 days since the press secretary sat there, i want to get a better sense as youre planning to do the daily basis at this point and also will you pledge to never to lie to us. I will never lie to you, you have my word on that. As to the timing of the briefings, we do plan to do them, i will announce timing of that forthcoming but we do plan to continue these. Welcome to the podium. A question for you on projects, can you give us some more detail the president said ultimately hes in charge of the project but what would be a day to day point person on this, what is the budget for this project and when can the American People realistically expect there will be a vaccine available to everyone. There is a daytoday point person and thats a president of the United States, President Trump with regard to vaccines, i would note the words of dr. Fauci are they going into a phase one trial within three months of getting the sequence is unquestionable, the world indoor record, nothing has ever gone this fast, what the president is doing and under the president s leadership, were in phase one faster than ever before according to dr. Fauci and that should encourage them or can people. And in the budget theres no other person, the president ultimately he has not put somebody on the staff . Im not going to get into any details, thats exactly how that works, rest assured were on an accelerated pace to vaccine at least for phase one portion of clinical trials. Yesterday there is an action to the will company and access to lending facilities bring in wood and as a president spoke to chairman powell about this and if these happy about the move and if the white house is comparing any additional systems. I will not get into the president s personal discussions but i would just note that the president enjoys looking out for the 11 them million American Workers in the oil industry. I also note that were feeling the Petroleum Reserve right now and then will buy 75 million barrels. Thats only announcement i have on oil price. Thank you. The president tweeted this morning of michigan and he said the governor of michigan should work with the protesters and he called them very good people and said theyre very angry and im sure you saw including heavily armed protesters members of the militia group. I wonder if the president was speaking about the specific members who stormed the capital michigan when he talked about various people. The president was referencing generally in this country if you have a First Amendment right to protest, i think that is something we all treasure here you have a right to do that constitutionally but you must protest within the bounds of the law, he encourages everyone to protest lawfully, and also to engage in a social distancing guideline that we think all americans should engage in. To have any response to the energy with people with long guns and storming the capital and going with Police Officers and intimidating. The president says that we must protest lawfully and in with the balance of the law. When the president endured kushner talks some american seeable lack of entity. What is your reaction. Jared kushner first of all has done a great job for this demonstration and not what i would say to that when you talk about his success story, he was talking about the story of this administration which is a story of mobilization for the American People, the greatest mobilization for american industry since world war ii. Of course we grieve for every American Life that has been lysed but we want the American People to be confident in this response to the administration prethats what he was referring to. That fact in the average year the Healthcare Industry is a 25 million n95 masks, we have delivered in a short time 75 million more than three times what the healthcare sector uses in a year. Thats extraordinary, someone in the media were saying that we needed 1 million ventilators in this president have not been short of that suffering not an american has died from the lack of a ventilator. In this president can look the American People in the eye and say i am producing 100,000 ventilators this year alongside the private sector, 100,000 ventilators, three times that we produce in the average year. I consider that a Great Success on the half of the American People. We want to give the American People confidence, they have a federal government that is doing everything in our power to provide the necessary equipment to combat this visible enemy. We grieve for their american lives, we said that repeatedly, all echoed that today my heart breaks for those. I pray regularly for those affected by the coronavirus prewill give confidence to the American People that you have a federal government under donald trump that will step up and give the greatest of the private sector since world war ii. Thank you so much and thanks for having you here. President trump mentioned the situation in brazil two times this week, this se despite cuttg off brazil, other talks of indian or extending ppe or ventilators to brazil. You said that trump is planning to talk to the president. The president has mentioned that he has sent ventilators around the world. Any accessible supplies we certainly hope to help other countries prebut in terms of the specific announcement regarding brazil i dont have any new information on that today. Welcome, one of the most important parts of your job is to have access to the president. Can you give us some indication since you been the press secretary, what kind of access you have two get what hes thinking and relate to us. I tell you this, ron the president almost entire day, i was just with him before i left, speak with you guys. I think my staff can attest that they have a very hard time finding me because im normally with the president and in the oval office. Im consistently with him, absorbing his thinking and its my mission to bring you the mindset of the president and deliver those facts so the president gets fair and accurate reporting in the American People give fair and accurate information. Thank you. Just following up on his question, china is blocking the World Health Organization from coming in an investigation of how this started. Sharon and sternal investigators be allotted to wuhan to dupe term and how it started in a way that we can expedite finding a cure for this thing. There is no secret that china stopped u. S. Investigators from coming in. It was a paramount importance that we got into china and expedited fashion and that did not happen. With respect to World Health Organizations, then some questions of their own to answer. The United States as a present has emphasized, provided 400000000 500000000 per year to the w. H. O. Compared to china at roughly 40 million a year. But the w. H. O. Appears to have a very clear china bias, you look at the timeline and its really damning for the w. H. O. When you consider the fact on december 31 you had the officials warning human to human transmission and the w. H. O. Did not make the public, on january 9 the w. H. O. Repeated chinas claim that the virus does not transmit readily between people, that was quite apparently false. January 14 w. H. O. Again repeated chinas talking points about no human to human transmission, they praise chinas leadership on the 22nd of june ray, on the 23rd they said, this is incredible the pandemic did not represent a Public Health emergency of international concern. Even after break 29th yet the w. H. O. Saying when the coronavirus was spreading around the world they chose Political Correctness first by opposing lifesaving travel restrictions, the travel restrictions as president put in place, the travel restrictions that dr. Fauci praised as saving lives. And you have the World Health Organization opposing the measure the saved american lives. That is unacceptable especially at a time when the u. S. Was providing 400 500 million. Last week the president was saying that he was not happy with georges governor for beginning to reopening process in the way that he was in the time that he was. A week later there have been some peaks and valleys and new cases in georgia but over law that the enter trend line is down. But you know what hes taken about the georgia reopening. The president is saying that the states take the lead here. Its the decision of governors to decide what is best for their state. That being said, i talked to the experts, i talked to doctor brix and dr. Fauci and they say rightfully so, this president has always cited on the side of data which is why he encourages all states to follow the datadriven guidelines to reopening, all states from georgia, on down the line to follow the guidelines but ultimately its a decision of the state. One note i would make about the president in times of national emergency, we seem to have the trend in this country were president s aggregate power at the federal level but this president has evolved power, hes invested in a principal that i cherish, i know many others do and that was the right decision. Thats exactly how he feels about governor camp in the last three days questioning spinnaker ive not spoken him about the governor in the last few days. On the lines of reopening, has a president pushes forward to reopen the country, does that mean we will be campaigning in the state that will be reopening . I would refer you to the Trump Campaign on that question. Thank you for being here. You mentioned dr. Fauci a minute ago. Are we going to have any more press briefings with dr. Fauci and doctor brix and the Health Experts or have they shifted the message to focus more on the economy and less on the Public Health aspect. Let me back up and talk about how we approach disseminating information. When i talk with my colleagues alyssa home we plan out the communication strategy for the white house along with the president. We say what is the best mode for the public to receive this information at this time and we allow the new cycle in the needs of the American People to guide us, at the moment what we see happening, you have 35 states and probably more at this point were planed to reopen the country, americans are looking to reopen the country, we had doctor brix say this week, doctor brix and thought dr. Fauci and they denigrate service for this country. But we allow the news of the day to guide us with the American People need to hear and right now were in a reopening phase which is why ive seen the president this week with ceos who have been with Small Business owners and Small Business employees, today was some great heroes that have emerged from the pandemic and ive done a lot of the hard work. Every day we approach this, how can we disseminate this information, there is a need for information thats why im here supplementing the effort of this president to get the message out. Id also note hes the most assessable president took questions yesterday twice and twice a day before. You hear from him quite often as well as the medical experts. Is a task force still meeting. What is the role of the task force. We still have hundreds of people a day dying. What role does the task force have versus economic advisory. The task force meets regularly, i go to those meetings and hear them. Doctor brix is meticulously reviewing the data in granular detail, i watch them sometimes on the upwards of two hours briefings. Those are still ongoing, rest assured, we want a safe reopening so we are prioritizing the help of the American People and as well as looking forward to reopening this country. [inaudible question] the Intelligence Community also concurred with a consensus that the covid19 virus was not manmade or genetically modified. How do you see this how do you understand this. There was also a piece in the New York Times that is any here that trump a ministe administrao support the theory that covid19 was made in a wuhan laboratory. I can assure you that no one is pressing the Intelligence Community to come to a determination. The Intelligence Community statement stands and in perfect concert with what the president says. I encourage the media to convey the facts to the American People which is that were in line as in a administration and we stand by the Intelligence Community and that is in line with what the president said yesterday. I think right round two. Thats great. Thank you. Former Vice President joe biden denied allegations of sexual misconduct, does the president take them out as words given that the president. Cheryl weve been listening to Kayleigh Mcenany, her first briefing, the first time weve had a briefing in over a year. A lot of questions about china. I do want to stay she started out talking about the money in the funding that appropriated money from Congress Going out to some of the nations hardest to hospitals when it comes to the coronavirus, 12 billion going out to hospitals, mainly in new york, new jersey and illinois. 395 hospitals but a lot of talk about china obviously in the idea of putting tariffs onto the chinese so this president has brought up yesterday, we were talking about that with rob luna as we went into this briefing, rob is up with me again. So much talk of how they handle the chinese but from a market perspective in a business perspective, liz peek was with us earlier saying she did not think it was a good idea with the tariff strategy, Kayleigh Mcenany wasnt clear on an answer what the president will do but she said theres an announcement on the tariffs, the president would be making it. What did you think of that,. I completely agree with liz, when you think about what was going on last year in the market before we knew anything about this virus, the talk of china trade was extremely negative on the market, it was very hard for the market to digest them in a positive way on the day to day basis. When you look at the fragility of the economy and what were facing today, any hindrance to the supply chain is going to be an issue. If you look at just that the pharmaceutical companies there was some talk that our reliance on china for the pharmaceutical supply chain said it could be anywhere from 8 10 years, when you bring these types of obstacles in the way of recovery of what is trained open the economy, i think thats an extreme negative for the market and i think thats part of what youre seeing today when the president brought that up yesterday, thats not what the market wants to hear especially after the rally that weve had from 22 30 after 3000 on the s p. Cheryl were looking at Johnson Johnson on the healthcare sector. The issue of a vaccine and fast tracking a vaccine came up in the briefing and she said that were added excelerator pays for a vaccine. Normally fast tracking would be 12 months for a vaccine to get it to the fda, what were seeing now is some of these companies on your screen really pushing a vaccine sooner than later. Thats an exciting investment and also it be great to have a vaccine in this country. That is exciting and obviously the biggest obstacle today for the economy because what were looking at is opening back up in stages, 25 occupancy, 50 occupancy, this economy is not going to get going until we have a vaccine until we can get back to normal, thats one of the big challenges, anytime you hear anything positive we see that with gilead in a vaccine prethats what the market needs to continue to rally. Cheryl thank you so much for sticking with us during the press briefing. Rob luna, thank you very much. I will say to let our viewers know, she was asked if she will continue to do briefings and she said yes. So we will have to see if we get one on monday at 2 00 p. M. Eastern time. We have a lot more coming up during the show, businesses across the country are starting to reopen, she was talking about that as well but our customers ready to walk through these businesses doors . We will talk about music 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. 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 ] cheryl today may 1 marks a milestone as a country starts to reopen 21 states are taking some steps today opening up, campgrounds, florists, restaurants, day cares and other nonessential businesses. Will people calm, if restaurants help fewer tables, cameras have more rules, a lot of questions for district media. It is great to have you here. They get so much for having me. Beverly lets talk about this first and foremost, if you build it will they come . What is your take on the consumer right now. I think absolutely, i have been saying for the past few weeks in South Carolina and what i tell you, people have been flocking, not just to the Grocery Stores like we would expect to see but lowes was packed, yard look nice around here but thats a sign that people are ready to go back to restaurants, back to all the different businesses that you talked about, some of them are going to wear the masks and gloves and i think theyre willing to do that, people are ready to get back to whatever the new normal is and in addition to that, what i continue to hear from people is a really concerned about the local Small Businesses and they want to help them financially. I dont think its just because her going stir crazy, i think we know the Small Business is the backbone of our towns and cities across the country and we all want to do what we can to get them back. Cheryl also, the question is the help of the communities, Kayleigh Mcenany and the press briefing was asked about from her own john roberts about Governor Kemp in arkansas and is pushed to reopen the state. In the president not happy with that governor in particular. We planned a risk he gave her do you think. I think its going to be a balance, we do have to balance especially the cities, the urban areas where people are in close to proximity, we want to make sure were careful about how we reopen and realizing that this really should be from county to county based on the density of the population, georgia is going to make their own decisions, different states are going to make their own decisions. I think were going to learn as we go along but i think with the public is asking for, i even say this is a Small Business owner myself, we want to pick the health of our customers an account, we will do so but there has to be some freedom to allow us to try to reopen into this the right way, we cannot wait for a vaccine, our economy will crash if we do that, i think we should see what the individual states are doing, learn from the mistakes and learn from the things that have worked well. Cheryl one thing always looking at, i went to pick on oklahoma for second, theyre talking about opening up movie theaters, gyms, places of worship and that brings up the question, can americans effectively social distance in particular these types of venues. I think they can, then one of the reasons we the decision President Trump made initially was to shut down the economy was a good one because it showed how serious we should be taking this, hong kong for example did not shut down, they do social distance themselves but most people in asia have had to deal with these types of viruses before. I think the American Public now realizes how much of an issue this is especially for the vulnerable population. I think not only will businesses make sure that people are separated in movie theaters and restaurants but i think people are going to be cautious of other patrons as well because i think at the end of the day in addition to health, they want to make sure there is not a quarantines once again. Cheryl we have Constitutional Rights and were adults, most of us anyway so we have to put them trust to the American People to do the right thing. Beverly, thank you very much for being here. I appreciate your perspective. We see all these three openings. It is may day, may 1, workers at Top Delivery Services are calling out in protest today. We are investigating, their demand and what this means for your food orders when we come back. I came across sofi and it was the best decision of my life. I feel cared about as a member. 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. Swithout even on yoleaving your house. Just keep your phone and switch to xfinity mobile. You can get it by ordering a free sim card online. Once you activate, youll only have to pay for the data you need starting at just 12 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. Cheryl it is may day and workers on amazon, whole foods, insta carton targets Delivery Service are calling out second protest today they are claiming they should not deem them same, we have Grady Trimble outside of whole foods with more and grady, what are they telling you. Grady can you hear me . Cheryl i dont think we can see grady. This gives me a second to go back to the markets, i want to point out something, this is something thats been happening over the last 20 minutes or so, were down 595 if the dow closes below 570, weve lost the gains for the week, i was very helpful on the top of the show, it doesnt quite work that way all the time as you can see we are red, a couple of things have been going on. Its been a really rough week for earnings and apple, thats a big story on theyre down nasdaq, nasdaq is down more than 3 , the fact the of apple and amazon they came out with rough quarters, nobody is immune to the effects of the coronavirus, we have major oil comedies that came out today, exxon, chevron, theres apple, a lot of pressure right now as you can see on apple and then obviously with these markets, we had a lot of bad Economic News as you can imagine, more than 30 Million People will file for initial jobless claims in the last six weeks. Youre not a big surprise, First Quarter in advance read on gdp started with the decline of 4. 8 . We got the news on wednesday. So right now as we look at oil, i imagine the Oil Companies coming out, they preserve the dividends, that something Charles Payne would point out if you are sitting here. Markets gettin kicking up the m, were watching the 570 number, we will keep all of her eyes on all of your money, were heading into the final hour of trading. Well be right back. Now more than ever, you need technology you can rely on. And people you can rely on. Im a Dell Technologies advisor. Me too. Me too. Me too. And if youre a Small Business, were with you. We are with you. Were with you. We want to help. So well be right here. At home. Answering your calls. Providing support. And standing by you every step of the way. Bye bye. Why accept it frompt an incompyour allergy pills . E else. Flonase sensimist. Nothing stronger. Nothing gentler. Nothing lasts longer. Flonase sensimist. 24 hour nondrowsy allergy relief doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. And sometimes, you can find yourself heading in a new direction. But when youre with fidelity, a partner who makes sure every step is clear, theres nothing to stop you from moving forward. Cheryl im being told that Grady Trimble is ready to go. Were in front of whole foods, as theres several planned outside of whole foods and several other companies prethere have been protest to each of these companies individually but this is the first call for a mass one. Some are demanding more from hazard pay, better sick leave when reporting coronavirus cases. All of the companies tell me they have made major changes to help out their employees and protect them during these times for example, there requiring them to wear masks and offering the ppe to them as well as he and synergize her. Theyre also paying them better and providing Better Benefits and adding plexiglass and oneway aisles to many of the stores. You can see that right there. Target tells us in a statement, the vast majority of more than 340,000 Frontline Team members have expressed pride in the role that their plane during this time of need and for some perspective, there is a petition circulating online about the target protest, it has 1600 signatures, compare that to the 340,000 employees they have working right now, many of the companies are talking it up to a small but vocal group of people trying to have their voices heard. Cheryl vocal they are, Grady Trimble in chicago. Thank you. Lets get back to the market said we head to the final hour of trading, we have jack kaplan and rebecca wilder. Great to have you here. Great to be here. Cheryl rebecca, first to you, it looks like well have a down week for the dow if these numbers hold at this point, a lot of earnings on amazon and apple. Your last thought on the trainee day. I wanted to see it come back but obviously the gdp we expected it did not help and 30 million, thats a big number to digest. Obviously the market is saying we are in for the long haul. Early expected stop volatility in may back and forth with positive numbers on real openings and that will give us positive outbreak and uplifting news but will have the negative earnings coming out that we are going to be hampered down sos expect a volatile month for me. Cheryl jack ready look for opportunity in these markets i dont think jack can hear me right now. Rebecca of technology and skype and everything but rebecca, we are going through the earnings, a lot of analysts have said that some of these earnings dont necessarily matter because the pandemic is shutting down and it did not kick in until march 20. How do you read the earning reports. Were right in the middle of a very heavy reporting season. If we look after that, i think that is something that we can key in on, you have a lot of businesses that have diverse lines of service or revenue streams, and look at alphabet, basically we expected their advertising on google which is their main breadwinner to be down and it was but youtube was surprising up over 30 . That makes a lot of sense because people at home watching you. Im interested to dive into these companies are what companies are performing and what are underperforming. Obviously if everything is a retail site or restaurant based but some businesses have the economy and it will be interesting to see which ones are performing and which ones are not. Cheryl jack i understand youre back with us, she mentioned retail and we got news that macys will reopen most of their stories in an aggressive timeline retail seems to be the last leg that is coming back how deeply that all. I think retail could be among the last or maybe sporting events in movie theaters, probably behind that. We have companies that are insolvent, j. Crew filing for bankruptcy intimately, it is going to be very difficult because if you look at pulling data, i looked at a poll that showed nearly 75 , little more than 75 of americans were gonna be reluctant to get out and back into the retail store and back in the restaurant. I think the opening the cheryl Consumer Spending is 70 of this economy and with the 30 million unemployment claims out there, the question is, when do jobs come back . When do we get back to seminormal with the employment story . Yeah, you know, the good thing about the if you look at the classification of those unemployment claims, more than 85 of them are temporarily furloughed unemployment. So these are employees who are still connected back to their original employer, and so once operations become up get up and running and hopefully back to normal, then its really just a simple reengagement. Cheryl rebecca, i want to give you final word. Im about out of time. I do want to ask you, do we revisit the march 23rd low . Yes or no . Oh, gosh, lets pray no, no. Cheryl you are going to go with a no. 20 seconds, jack, final word . Yeah, i mean, i think now that earnings season is over, and i think investors realize it, were going to have covid data and economic data, it is going to be tough. Cheryl we are looking for a vaccine, looking to reopen, look for the markets to stabilize, at least another week we have survived, jack and rebecca, thanks to both of you. Appreciate it. I have survived a few bumps and bruises during this hour of making money. Im going to send it over to my good friend liz claman. Have fun. [laughter] liz happy friday. I will tell you something, im wondering, you look at the red numbers on the screen, youre asking yourself is it profit taking after literally just an amazing month of april for the markets, or is the selloff reality kind of setting in on how ugly the economic carnage from the pandemic really might very well be for several months to come . Well, as georgia and texas now swing open their doors to restaurants and movie theaters and a whole bunch of businesses, is this game of reopening leapfrog too risky for your investments, or is it really a green light for you to make money . Top economist live with his advice that hes