Global supplies, chip supplies rather to huawei, this as taiwans Semiconductor Announces plans to build a plant in arizona. China sending signals in retaliation that has this market on edge. Is it a bluff . We will get the read from michael pillsbury. Also, Human Behaviors on a crash course with social distancing. I will explain why. All that and so much more on making money. Now in the green. The cp effect has started. Welcome back. Its been another eventful week for the market. One of the things were seeing is caught of tugofwar between commentary and observation versus realtime news and anecdotes. The financials got crushed on wednesday, after the Federal Reserve chairman powell offered a dire warning about the economy, more specifically the american consumer. Credit Card Companies were especially slammed. But then after the close on wednesday, mastercard updated its operating metrics. They show a sharp improvement year over year transactions. Every single week for the past four weeks suggesting what they say is a move from a transition from stabilization to a normalization phase. Now consequently, those names that were slammed the day before were up huge yesterday. Now, this underscores the challenge for the markets and investors, the endless cascade of economic catastrophes versus signs things are getting better. Better than expected earnings after the bell, samestore sales down 68 , thats bad but much better than down 79 the week of april 6th. Today this stock is up 10 . The stock market all over the place trying to find its footing. Lets bring in management chief investment officer. Jack, how are you handling the verbal speculation, whether its the Federal Reserve, some titanic money manager that gets, you know, all kinds of air time, versus these signs, these actual week to week signs, like traffic up 25 . Yeah, it is really a difficult cross current in terms of all the different news thats out there. Of course everyone has, you know, a point of view. Everyone has an ax to grind in many respects. If you think about powell, certainly focused exclusively on the economy, hes flapping his arms on that. Youve got dr. Anthony fauci focused on covid. Hes flapping his arms on that. And really the right solution is probably put both sides together and say how do we get an optimal exit from this lockdown . And it appears that if you just leave it up to individuals, i think were going to be able to manage it ourselves pretty well. Charles yeah, but heres the thing, okay, we know things are awful. I mean, no news flash, right . Thats not exactly man bites dog. But when we do get these signs, from these companies that week to week because weve gone from looking at this on a macro level, i think, to a micro level, and week to week, daytoday, there are signs of progress. Now its coinciding with the reopening of this economy, and it does impact the stock market. Are you making any different changes in the way you look at this market or that you would approach it as an investor . We have. You know, one is were looking at the stock market very much like a bond investor would look at the bond market. What i mean by that is if youre a bond investor, you only have its really a binary outcome. Either your company or your issue is going to pay off, or its going to default, and youre going to have problems. And youve got to look at the stock market the same way. Each individual selection in that portfolio has a chance of succeeding and moving past this coronavirus challenge, or theyre going to fall by the wayside. Now, the good news is, charles, if you look at the largest sectors, like s p 100, s p 500, only 5 of the s p 500 is deemed below investment grade. In fact, 1 of that 5 is netflix. Im not worried about netflix. Charles i got ya. Now, earlier in the week, jack, President Trump tweeted about the way that the big boys on wall street are able to manipulate small investors. Listen, theyve got a variety of tools to help them trigger panic selling. They make money on the panic selling, and then they actually buy those same stocks on the cheap and make money again. The loser in this equation, more often than not, the individual investor. So i happen to think the president s on to something here. I think we should bring back the up tick rule. Im worried about High Frequency trading, even the media platform that these gurus are afforded. In your mind, youre one of my favorite old school professionals, and youre somewhat of a purist, but should we do something to mitigate the volatility and perhaps level the Playing Field . Well, you remember that old term pump and dump. This is really the opposite; right . If you start, you know, creating worry among individual investors, get them to sell, and then you come in and buy on the other side of it, thats really just the other side of that same coin. With respect to, you know, the Algorithmic Trading and the up tick rule, i would tend to go along with it. As we saw in the early days of this pandemic, you know, mid march, third week of march in particular, it was all just algorithmic just plunging, just because of formulas and not necessarily fundamental news. That created a lot of concern among longterm investors. Charles jack, always a pleasure. Thank you very much, my friend. Talk to you again real soon. Meanwhile, folks, the white house taking a huge on retaliation against china moving to cut huawei off from global chip suppliers. Susan lee joins me with more. Bringing the energy today, charles, great to see you once again. We have export limit going into effect in about ten minutes time, this will restrict the amount of High Technology namely u. S. Made chips that can go to chinas huawei. Now, there is still going to be a license agreement, meaning that you have to apply for a license from the Commerce Department in order to possibly if you want to ship chips to huawei in the future. Theres 120 day grace period, meaning those in production can still be shipped over the next 120 days. And its also by the way you have to apply this to both design and manufacture in the future. We had this report that a physical shipment of chips was actually blocked from going to huawei earlier on this morning but the Trump Administration. So as you can imagine, china already threatening retaliation. Heres the tweet from the global times, the propaganda arm from the Chinese Government saying that based on what i know is that u. S. Further blocks Key Technology supply to huawei china will activate the unreliable entity list and investigate u. S. Companies such as qualcomm, cisco, apple and suspend the purchase they say of boeing airplanes. In reaction you have all these stocks down and then dont forget that apple still gets about 17 of their sales from china, based on more than 50 of their iphones in the country. Also we have boeing still getting about 12 of their planes sales from the country. Qualcomm still does a lot of business there, over 50 of their revenue comes from china. And then amd Advanced Micro Devices get about quarter of their sales as well. We have seen this play book before because we had the Trump Administration squeezing zte, which is the other big 5g Network Telecom equipment maker. They were brought to their knees without access to High Technology, namely chips coming from the u. S. , and that was reversed after chinese president xi jinping personally asked President Trump to release and reverse this policy. But it will be interesting to see if we see this happen once again. We know this is a pressure point. By the way, charles, for china, since huawei is one of their most Important Technology companies, 100,000 largest equipment maker when it comes to 5g maker, second largest smart phone shipper in the world. Charles susan, thank you very much. Joining me now on this and what possibly comes next is someone who has been very hard on china but someone who knows china better than most, Hudson Institute senior fellow michael pillsbury. Great to have you on any day but particularly today. Lets talk about the last 24 hours. Taiwan Semiconductor Announces this massive 12 billion dollars plant in arizona, after the president and his administration said to them, listen, you know, you are going to have to bring some supply chain here to america. Then we get this tweet, this retaliatory tweet from the global times, and the markets are on edge, but how bad can it get . Well, the global times is a well known nationalistic government controlled newspaper often used for sending threatening messages. This is a message to President Trump. I think the past week weve seen a number of messages going back and forth on both sides. President trump saying he doesnt want to talk xi jinping right now. The chinese have had a number of threats. I dont want to scare you too much charles by going through all of them. But theyve been there. Charles wait a second, michael. Lets do this for one second because my friend, two days ago, the u. S. Congress was threatened the state of missouri and all individuals, entities associated with any kind of litigation over covid19. Then yesterday the idea was brought up of a war, of a rising conflict of military class between both nations. I mean, so they are sabre rattling for someone, if it is the hardliners in the government, how much pressure does this put on xi to take action . Thats the topic of the 100 year marathon, charles, is the reformers versus the hawks. The leading public hawk. Last year they talked about sinking american ships if any navy ships went inside chinese waters, freedom of navigation missions. President trump is a deal maker. He knows how to handle rhetorical threats. I think the key thing hes trying to stay fixed on his campaign promises. We dont want dependence on china. We want china to buy a lot more of our exports. They havent fallen short yet. The trade deal has not failed, but they will have to buy a lot in the coming year and a half to make up for relatively slow pace so far. Charles right. So the huawei deal is part of that. The president tweeted many times about huawei, and yes, he did a favor for xi jinping on zte. So huawei could be, you know, the topic of a favor as well, but the chinese are not mr. Trump called them very expensive to deal with. So this exchange of rhetorical threats may go on for sometime, charles. Charles okay, but from where we are right now, i have to let you go, but it feels like the market believes it is a bluff, but, you know, where are we in terms of this going any further than rhetorical exchanges and negotiating points . The key thing is the phone call last week between a reformer and vice premier the guy the charge of the trade talks and bob lighthizer. The announcement afterwards in both sides, both beijing and washington, there was a consistent announcement that the phase one trade deal is still on track. I think thats the important thing to Pay Attention to. But youve got to expect a lot more rhetorical back and forth. I was particularly amused that they are going to put senators on their entity list and sanction them for having legislation charles i was miz amused i was amused they wanted to take on the state of missouri. All 49 states would sit back and say go for it. Good luck. Michael, great to have you on. See you again real soon. I hope you dont get on the list, charles. Charles i think im already on there. President trump in the rose garden earlier today giving us an update on progress towards a vaccine saying one could actually come as early as the fall. In preparation for this initiative, experts throughout the government have been collaborating to evaluate roughly 100 vaccine candidates from all over the world. They have identified 14 that they believe are the most promising, and theyre working to narrow that list. Charles joining me now with the latest, jackie deangelis. More good news on vaccines. Good afternoon to you, charles. Thats right. This is in the rose garden in the last hour. The president and his team working on operation warp speed. That is finishing manufacturing and delivering a vaccine. As he said, hopeful we could have it sooner rather than later, possibly by the fall, but the target would be by the end of the year. And one reporter asked a question that i thought was really interesting, charles. She said if we didnt develop it here in the united states, but if another country had it, would there be sharing . The president said absolutely there would be, and questions were asked about the cost too. And he assured everybody that this isnt about making money. This is about getting the vaccine to those who need it and that it would be affordable. Those were two really important points coming out of there. Although, interesting because the nih director talked about large scale vaccine testing, expected as early as july, so the midpoint of the summer, but also saying to have a covid19 vaccine by january would be a stretch. You know, listen, these vaccines could take years to develop, and were trying to do it in such a quick and efficient way. Hopefully the president and his team will be able to do that, but having said that, theres also a lot of controversy around testing. Weve been talking so much about active virus testing, antibody testing, blood tests, finger prick, nasal swabs, you name it, and some of these have been fast tracked by the fda under emergency approval to get them out there to the people who need them. We have also talked about some of the accuracy issues that are out there. There is a question about accuracy when it comes to the abbott labs id now point of care test. The fda has warned that some of the results could be inaccurate and that specifically falsenegatives have been an issue here. The issue of course is you get the test. You get a negative, and you think okay, im fine. You may behave differently than you would if you found out you were positive, and if your test result is faulty, you could infect other people. The fda statement on this reads in part we are still evaluating the information about inaccurate results and are in direct communications with abbott about this important issue. We will continue to study the Data Available and are working with the company to create Additional Mechanisms for studying the test. Now, abbott has also addressed the issue, basically saying its continuing to work on delivering reliable results, but it said in a statement that negative results should be presumed negative, but if inconsistent with clinical signs and symptoms, were necessary for patient management should be tested with an alternative molecular assay, meaning get a backup test if you really think you have the symptoms and the result is wrong. Abbott also says its seen studies with a range of results, some showing performance in the 80 range. Some as high as the 90s. One as high as 94 accuracy, but as with all testing, theres human error in this. The tests are not administered by robots, charles. Final point here, this happened to be the test they are using in the white house. More people there Wearing Masks today in the rose garden. We saw that, practicing social distancing as well, especially with the president. And of course, everybody realizing that the tests are not perfect, but they are a good first step. Back to you. Charles absolutely, jackie, thank you very much. Markets turning positive at the top of the hour, the cp effect as well in effect. We have a lot more on these markets coming up. Also swing state voters seem to be lining up behind our commanderinchief, as President Trumps response to the coronavirus has helped him in the polls. Next the white house pressing ahead with a vote on another massive 3 trillion dollars stimulus bill today, folks. Now despite the veto threat from the white house, were going to get reaction from congressman Thomas Massey of kentucky, right after the break. Nt plan with voa gives us confidence. We can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Im good at my condo. Well planned, well invested, well protected. Voya. Be confident to and through retirement. That Liberty Mutual customizes your insurance, i just love hitting the open road and telling people so you only pay for what you need [squawks] only pay for what you need. Liberty. Liberty. Liberty. Liberty. So were working 24 7 toected maintain a reliable network, to meet your growing internet needs. Were helping customers who are experiencing Financial Difficulties stay connected. Were increasing internet speeds for low income families in our internet essentials program. And delivering selfinstall kits to your door. Nos comprometemos a mantenerte conectado. Were committed to keeping you connected. For more information on how you can stay connected, visit xfinity. Com prepare. Charles House Speaker plo si trying to rally support for her 3 trillion dollars stimulus plan. This as President Trump has already vowed to veto it. The g. O. P. Worry of the package showing concern that hey we still have yet to see all of the effects of the previous packages and some are even saying that this is the ultimate smashandgrab. Does this legislation have a chance to get any type of bipartisan support or nonstarter . Joining me now to discuss is republican congressman thomas see massey of kentucky. Thanks for joining us. Thanks for having me on. We just watched 14 democrats defect from nancy pelosi, some of her most liberal members and also most moderate members, they think it is either too reckless or not reckless enough, they defected from her on a procedural vote we took in the house. The actual vote will be later but expect more defections. Charles i think the point you are make, though, about it not being liberal enough is perhaps most shocking. This has everything and the kitchen sink. It was a free for all, a wish list. People were throwing things in there. Yeah, i would like to have this for my 60th birthday. It was everything you want. Throw it in the pile. We have the pr behind us. It has all the pork you would expect pelosi to put in a bill, National Endowment for the arts, bike trails, even a payoff for the rich donors in new york and california. They removed a cap on the salt deduction so that the rich donors in california and new york wont have to pay as much taxes, federal taxes. But the main defect of this bill is it bails out the governors who mismanaged their state pensions and wrecked their economies. Charles real quick, sir, because were running out of time, but i want to squeeze in this prime act because this is something you have been behind for three years now. You continue to amend it and refocus it. Certainly with this potential shortage is something all americans should know about. Yeah, you know, 80 of the u. S. Meat supply goes through four meat packers. Farmers provide the food but it is not getting to the table. I have a solution. It is called the prime act. We have picked up 20 cosponsors in the last two weeks. It would allow farmers to sell directly through consumers by cutting back some of the red tape at the usda. Charles congressman massey always a pleasure, thank you very much. We will have you back real soon for sure. Thanks, charles. Charles well, folks, when this pandemic started, i predicted a major exodus from urban areas to suburban areas. We will have an update on my theory becoming a reality and in a big way. As swing states start to reopen, polls show voters are behind President Trump. Liz peek is here with her take next. 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Perhaps it is because 54 think trump will be better handling the economy. 51 say biden would have handled the virus pandemic better. I want to bring in Fox News Contributor liz peek. Liz, i think all of these things are converging. If you see where the biggest the biggest uprising is for folks to go back to work, it is in those battleground states. If you see where the greatest appreciation for small business, it is in those battleground states. If you see the greatest appreciation for pushing back on china, which is bullying the rest of the world, it is in those battleground states. It is reflected ironically in a cnn poll. They may not even i dont watch cnn, but i wonder if they mentioned this poll. They didnt mention it at all. What they talked about was joe biden leading nationally. Hilary clinton won nationally but didnt win the swing states that basically gave the election to donald trump. Thats very likely that will happen again this year, charles. This is not the only poll that shows that joe biden is not doing very well in the swing states. He is ahead in one other poll that was recently conducted but by a lesser margin than Hilary Clinton. I think your point is very well taken. Ironically, going into novembers election, it was the case that the economy and the great economy we had under donald trump may not have been as persuasive as it is now. Remember, with employment pretty much at full levels, best jobs market in 50 years and all the rest, polling shows that americans were becoming sort of blase about that. They are not anymore. If they want someone to guide us out of the trench were in now, i think they will look to trfrp to do it. Trump to do it. Charles they dont have to go back far to remember how great things were. Thats going to be the final way they will make their decision. It will help President Trump a lot. I also want to ask you, liz, about what you think about multimillionaire restauranteur danny meyer said hes keeping all 19 of his new york restaurants closed until theres a vaccine. We hope it is this year. Who knows. This is what he said that bothered me. I want your thoughts. He said theres no interest or excitement on my part to having a half full dining room while everyone is getting their temperature taken and Wearing Masks for not much money. Well, you know what . Good for him, but what about the people that work there . What about the people that deliver food there . What about other people that depend on the economic ecosystem that emanates from those restaurants . Oh, so this millionaire doesnt like the way it looks, not groovy enough for him. I know you might eat there, because you are up scale. How do you feel ultimately though that dennys posted their earnings last night working hard to keep as many people employed as possible and he says well wait for a vaccine. I think this is sort of a tragic kind of comment from danny meyer who is worth about 400 million dollars, and guess what . He can afford to keep these restaurants open hes not even saying they are going to be unprofitable. Just not very profitable. What we know, charles, is that 40 of low income americans have lost their jobs. They were the first to be cut as the economy turned down. They are the people that are most in need of those jobs coming back. And the most offensive thing to me about governors, democrat governors largely across the country, refusing to reopen is its hurting exactly those people they pretend to care about, low income americans, who desperately need to go back to work. Danny meyer is a very good example of that and shame on him. Charles absolutely. Liz, its great to be back, and it is really especially great to have you back on my first show in a couple weeks. Thank you. Happy to have you, charles. Nice to see you again. Charles all righty. The mass exodus from cities turning into suburbs now the new hot spot, a move i was clearly predicting just a few months ago. Gerri willis joins us now with more on the boom to the burbs. Thats right, charles. Homebuyer interest is spiking in suburban and rural areas outside of the major cities. Most of the money, though, being put down right now is for rentals, in the areas that families look for alternatives to city dwelling over the summer. Listen. Our shortterm rental market has nearly doubled year over year. I think this is very similar to 9 11, where there was it was very fear driven and panic. The time of year with the kids being out of school, knowing that the summer was coming, i think a lot of people decided lets just get out of dodge and go into a shortterm rental, a three to six months and set until for the summer, and they want those amenities. Fast money luring many homeowners to move in with relatives and put their homes into the rental markets. Still inventory is thin. Listen. Right now its as if youre in the middle of the summer, right, it is boom season. Houses that used to go for 10 to 15,000 dollars a month are asking 30, 35,000 dollars. Getting all the top dollar prices now thats shifting away. And from early on amid coronavirus to right now, real estate website searches are surging, leading some to estimate the sales in rural areas would soon go through the roof, but the data is not bearing that out, not yet anyway. Even so, in some areas like the berkshires where i am right now, buyers are purchasing sight unseen. They asked their agent to go over and do a face time with them. They liked what they saw. They put in a an offer. They put in an offer. The offer was accepted. The buyers never came to visit the property physically through inspection or at closing. And on the future of home sales, fall might just hold the answers. Connecticut governor lamont saying earlier this week that the greenwich wall street commute may be the end of that. Even so, for now shortterm rentals easier to find possibly than that permanent home. Charles . Charles all right, gerri i think it is beginning of a longterm trend. Great to see you my friend. Speaking of returns, folks, nascar returns to the track after being shut down for more than two months this weekend. We will have a preview. Also stocks near session highs. Investors optimistic about the weeks and months ahead. Were talking about these markets more in depth right after the break. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. 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Plus, free premium delivery when you add an adjustable base. The story where the chances are low, and the cost is high. The sacrifice is real. Its all around us. But this isnt a story about how tougher times beat us. This is our comeback story. The time when we rally and come from behind. The time when we defy the odds and get back to work while the whole world watches. Yeah, this is your comeback story. And when its time to come back, well be ready. Charles the markets turning positive, this despite a lot of Economic Data out today, including the worst Monthly Retail sales number ever recorded. But that was april, folks, when fears about the virus was at its greatest and the shutdowns were in effect throughout the nation. Just about every economic report covering april will be the worst ever, but if thats the bottom of it all and it starts to get better . There are already signs like miles driven in the past few weeks increasing 25 , even today the manufacturing data, it was a disaster no doubt about it but it was a strong improvement from april. And then there was the may Consumer Sentiment number, blew away wall street consensus that was driven ironically enough by a surge in positive sentiment about current conditions, so if april is the worst for the economy, what does it mean for investors . Lets bring in rob luna also Wealth Management cio scott martin. Scott, let me start with you. You guys are like two handsome, very cautious, very which is worse . You know, if april is the worst month, scott, do you reposition yourself for Better Things to come . Yeah, i mean, charles, nobody said anything nicer about me ever in the history of the world, so thank you for that intro. [laughter] whats funny, maybe thats similar to the data you are talking about there when you led into the segment. Whenever you are talking about retail data thats terrible or numbers that are the worst ever, those are times to probably buy, believe it or not and probably buy retail to some degree. Youve got to be specific in some of the names. We like tjx, for example, charles, theyve held that one through this pullback and added to it at points. To me i think when you look at just this pullback that we had in march and certainly the bounceback that we had in april and so far in may, those are areas where when you see Companies Start to fall behind like financials, for example, today, those are places where wed start looking to put money in, as the catchup trade starts to take place. Charles rob, you got defensive as well. Now, you went into oil during the mix of that sort of free fall, but ive got to tell you, chevron outperforming exxonmobil and starting to come on pretty good there. Are you going to look to expand your portfolio . You had to bring that one up; right, charles . We took a bit of pain on that. Charles you know what . Im with you, brother. It is going to be a winner. We will brag about it one day. [laughter] you know what . Right there if you looked at the last earnings conference with chevron, they are very committed to the dividend at almost 6 when you have a 60 basis point ten year i think thats attractive. To scotts point, you need to be selective. Whats really getting me excited about this, and i think it goes to you, also, we believe in bottoms up individual stock picking and when you look at the Consumer Discretionary index, you look at the retail index, those are up 3 to 5 percent. Two stocks we have been talking about rh restoration hardware. This is Luxury Furniture and polaris which is very discretionary, recreational vehicles are up 15 and 25 percent. So youre seeing the companies that are really increasing consumer demand do well, while the indexes are languishing. I think thats the trade thats going to continue. Charles and snowmobiling is the ultimate social distancing recreation. Ive got a friend who does it over the weekends even now in some parts of the west. Guys, since april 8th, weve been range bound; right . We broke out. Weve traded more or less sideways. Is there something, scott, that we should be looking for that may say okay the tide has turned. Theres a sense of urgency maybe to become more aggressive . You know, charles, i actually like that point about the ranges here. I think were stuck in one. I think the s p give or take on the upside, looking at 2950, maybe a 3 k hit on the upside and say 2600 on the down side. I think we will stay in there. I dont think it is going to move that much. As rob and i typically agree i guess of late, hes right, youve got to pick up spots in companies that are say languishing or trailing the s p here because i think that catchup trade is on. But im going to add one last thing that you know i love, man, thats not fair to not bring up especially with you back in the saddle today, gold, my man, i feel like gold member from the austin powers movies theres massive money printing going on, massive liquidity out there from the fed, gld is your buy here if you dont like stocks or bonds or want to add to them. Charles all right. Youve been spot on, both of you guys have done incredibly well. My friends in the foxhole, rob and scott, thank you very much. Folks, the house has begun debating that 3 trillion dollars bill we talked about earlier, the cares two act. But despite a white house veto, they are going to vote on this. Its expected actually tonight. Also next the first major sporting event to come back to life this weekend will be nascar. It is going to resume its season. We will give you a preview. Stay with us. In my line of work, i come face to face with a lot of behinds. So i know theres a big need for gasx maximum strength. It works fast. Relieving pressure, bloating, and discomfort before you know it. So no one needs to know youve got gas. Gasx so no one needs to know youve got gas. Staying connected your way youre just a tap away from personalized support on xfinity. Com. Get faster internet speeds with a click. Order xfi pods to your home in a snap. Or change your Xfinity Services with just a touch. All in one place. Youre only seconds away from all of that on xfinity. Com. Faster than a call. Easy as a tap. Now thats simple, easy, awesome. Charles the cdc releasing long awaited guidelines for school and businesses to use as they emerge from lockdown. Will people continue to adhere to social distancing policy or will Human Behavior rear its ugly head . Joining me now to discuss is District Media president beverly hallberg. Take a look at this video. Florida one of the last states to close down and one of the first states to open up, and while the rest of the country is still freaking out, especially in blue states, look at this, im at a bar, restaurant, were all having a good time, not a single face mask. Its not that bad, guys. Charles i got to tell you, beverly, it is not just there, there are places all over the country, all over the world where people are saying i want out. I want to get out there. I want to be free. Now, of course you know, maybe if fauci saw that video, he would cringe because people were standing so close to each other, but thats human i mean, it is going to be difficult to really contain Human Behavior, isnt it . It is, and i think this is largely due to the fact that we havent had clear messaging of what were trying to achieve. You just mentioned dr. Fauci a few weeks ago he said that masks werent important. Now they are apparently imperative or essential for us to have. We were then told we just need to shut down until we flatten the curve. Now it seems like for some areas it is an indefinite thing that businesses have to be closed for the foreseeable future even though we know a vaccine is not going to be developed any time soon. So i think the fact that theres partisan media out there. I think that were being presented with this binary choice, either you stay at home or you dont care about peoples lives, even on twitter, what was trending this week for people who want businesses to get back. So i think for many americans, they are taking their health into their own hands. Some think it is more concerning than others. I think were going to have a varied response across the country. Charles you know, the Michigan Sentiment number was released and all kinds of sub surveys in there. Heres the thing that caught my eye the most, of your pandemic concerns, went from 61 to 57. Finance from 22 to 17. Social isolation rocketed from 14 just a month ago to now 21 . You know, people just its part of this need to be out there. I mean, not just financial, just simply a need not to be alone. Yeah, i think theres a lot of loneliness going on. There are a lot of studies. I think it is going to be fascinating when the psychological studies come out after all of this. People are really struggling, but when you talk about businesses, the aspect of small business, im in washington, d. C. They just extended stay at hom orders until june 8th. Stay at home orders until june 8th. A lot of businesses are going to be shutting down between now and june 8th. A lot of people are saying look this virus is going to be around. We have to find a way to try to stay as healthy as we can, but also realize that economic livelihood mats as well matters as well. It is a Health Concern if people lose their jobs. The president mentioned today that suicide rates are going to go up. Depression is going up. Getting this economy back is important for health, and i think americans realize that. Charles we talk health, Financial Health and more and more were going to be talking about mental health. Beverly, great seeing you. Talk to you again real soon. Get ready to start your engines. The states are beginning to reopen and so are live sports returning to tv screens beginning with nascar on the tracks this sunday, on fox. Grady trimble is joining us now with details. I dont know who is more excited about this, the sports fans or the drivers themselves who for the past two months have only been able to do virtual iracing. Now on sunday, 3 30, they will be behind the wheels of actual cars at Darlington Raceway in south carolina. There will be no fans allowed in the stands, and teams will be limited to 16 people at the track. In fact, even the broadcasters calling the race on fox will be at an offsite location. Nascar says it wont test everyone at the track, but there will be medical personnel on hand to monitor for covid symptoms and to take temperatures of everyone there. They will also all be required to wear masks, even the drivers except of course when they have their helmets on. Nascar also releasing its schedule through june 21st. All of those races will be in the south, and all of them without fans. Pga golf doesnt officially resume until the middle of next month, but this weekend theres also a golf match for charity between rory mcilroy, Rickey Fowler and a couple of others. There will be no fans at that either and no caddies which will be interesting because we will see these pro golfers carrying their own clubs in order to keep social distancing and avoid cross contaminating. So these are the first two live sporting events in more than two months, charles. A lot of people expected to tune into these. One, because we are starving for sports content right now. And two, im curious, and im sure you are too, what will sports look like with social distancing policies in place . Charles yeah. And i guess maybe there goes the home field advantage, right, that energy you got from it. I cant wait, grady. Thank you very much. We will see you again soon. Folks, we will be right back. charles the stock market since 1980 as an investor by a mutual fund back then and since 1985 as a wall street analyst, clear Market Participant that never dealt with anything like the current crisis, has elements of 9 11, when we felt vulnerable to being attacked by an outside force for the first time in generations, it also has elements of the Great Recession when the bottom fell out of the economy in a blink of an ip but the Coronavirus Crisis has all those things and so much more, yet i continue to ask people to invest in inasmuch as possible live your life. One way to go about this might be to borrow from the experience and actions of the highest ranking naval officer to be captive and taken hostage and during the vietnam war pretty suffered eight years of the capture including being shackled for two in solitary confinement for four, this took a turn for the worst early on when he refused to cooperate and was heard commuting other field ws to do the same. His collective thoughts in a post survival has since been coined as the stockdale paradox, here are two quotes i want to share. I never doubted, not only that i would get out but also that i would prevail in the end and turn the experience into a defining event in my life, which, in retrospect, i would not trade. Also, you must never confuse faith that we will prevail in the end which could never afford to lose with the discipline to confront the most brutal facts of your current reality. Whatever they might be. To survive this pandemic, we must brace for awful news on any given day and resist the urge to assign ourselves artificial deadlines for one things will get better. If you convince yourself that will be july 4 and if not the letdown can be devastating. Is there any investor that does not think that one day, one day the stock market will trade back at alltime highs, do not put an artificial deadline on when it must happen, moreover take what the market gives you, as great names become graver in newman names emerge, take advantage of it. , meanwhile we like to think cheryl and jackie for holding down the fort and my absence, they did an absolutely amazing job. Finally, i was out for more than two weeks on a family emergency, i received tens of thousands of notes of prayers from viewers on social media and i am humbled and grateful to help more than you can ever know and i do want to say thank you. I am back, im feeling better, feeling confident and you know what, was a life altering epic event, the worst two weeks tha y life, might end up being the for best two weeks as it ended. As i hand my friend over to liz claman, over to you. Liz charles, the one thing better than nascar returning is you returning. , welcome back my friend, great to see you. Charles think is so much i appreciated. Liz we miss charles of course. Liz just 45 minutes ago, new rules went into effect limiting Chinese Telecom giant Huawei Access to chip technology, any Foreign Company using chipmaking equipment will have to get a u. S. License. It could take a chip off intels lock or is it a blessing in disguise for the giants, intel ceo bob is about to join his life to answer that and we will ask whether President Trumps hope that americas tech giants will break also play chains with china could ever become reality