Thank you, guys. Okay. Alex gorsky from j j, appreciate it well be back tomorrow cnbcs special coverage continues right now. Good monday morning welcome to squawk on the street, im Carl Quintanilla with jim cramer and david faber. Coming to you live from separate locations even on set as we practice social distancing futures are stable to start the week as the president extends those social distancing guidelines to april 30th j j, as you just heard, announcing a lead candidate for a covid19 vaccine a lot of people were astonished that the futures, just at the moment when the president said, look, we have to extend things. Take away that april 12th deadline, it will go all april at the very moment we saw the futures start reversing. I think this is a day, dont know how much more, a day where science trumps the pain and the disaster frankly that is covid there have been many, many days weve come in and science has been playing catch up game today it sounds like science is on target. List
Relative sense yes yes. Yes, and they are. Theyre at home as they have been all week and focusing on on frankly theyre not symptomatic and there was the need for testing. Bill ackman on our air earlier today suggested the nation should shut down for a month or so, an extended spring break. If that were to happen, and i know you dont think someones voice is coming through to us, and i know you dont think that is the right course of action, if that were to happen, do you think that would be supportive of market levels or not . I dont think so. I think we need to make sure people need to have access to the markets and i dont think we would reduce concern about how events are unfolding in the coming weeks we have a few weeks of uncertainty and we will get through this and well see how quickly it evolves, but every single day we learn more every single day we put in new protections and new measures and people are taking this very seriously and thats an important thing to highlight well get
All rolled into one and a quick 7 fall and a trading haul the dow down more than 2,000 points and then right around 1 00 p. M. Eastern time the stocks tried to stage a comeback on the back of the news that the fed will inject 1. 5 trillion back into the market and prevent a fullblown credit crash. The stocks kept falling and we ended the day on the lows and we have a huge show for you tonight. For the host of big names with guggenheims Scott Maynard and john hess. Well get to those in moments, but first, lets get more now on exactly what the fed did and tried to do today with their trillion and a half dollar injection. We are joined by phone by Steve Liesman. Im not on the phone here, brian. I am joined by the Federal Reserve. In the first instance, it extended its purchases to 60 billion across the range of maturity and the fed was buying on the short end and it was going to buy a whole way of maturity and the reason for that is because there was a lot of dislocation and well talk abo
Situation its not an empty words to their limits we dont swear that he thinks aint going to work but i want to reassure you i have been using sanitizing and those who dont know what this is its a tissue were meant to use it for sneezing and sure if you dont have one sees you as your elbows you have to department from now when were stopping shaking hands. Should you theres only sort of overall good to go. Also coming up who will stop the migrants from trying to cross the border into europe from turkey for the past 5 years it was turkey not anymore is europe ready to strike a new deal we discussed today how to implement the missing people pieces to map a gun to analyze it to father common understanding what is missing and what is already in place. But to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the coronaviruses new main address today may go down in history as the moment when the corona virus mutated geographically for 3 months t
Situation its not an end to what sort of limits the dots are that you thinks going to work but i want to reassure you i have been using sanitizing and those who dont know what this is its a tissue we are meant to use interesting easing into and if you dont have one please use your elbows you have to that moment from now when were stopping shaking hands. Should be the theres only so. Good of us to go. Also coming up who will stop the migrants from trying to cross the border into europe from turkey for the past 5 years it was turkey not anymore is europe ready to strike a new deal we discuss today how to implement the missing people he says to map it on to analyze it to father common understanding what is missing and what is already in place. But to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the coronaviruses new main address today may go down in history as the moment when the corona virus mutated geographically for 3 months the ep