Record levels were hearing 47 Million People could lose their jobs, 32 unemployment stocks will soon collapse under their own weight according to morgan stanley, we could be looking at a 25 contraction in our Gross Domestic Product my money manager friends were all glued to their machines sunday why, of course, like every sunday night they expected the futures to be down the limit so how the heck could the market rally today . I mean, dow gaining 691 points, s p climbing 3. 35 nasdaq pulling 3. 62 simple because American Science is at last in play science that may allow us to not only contain this virus, but actually one day beat the darn thing. Look, i in no means want to disparage the extraordinary efforts to get the pandemic under control. Its absolutely essential. Thats why ive been calling for national lockdown, as much as it rankles some we have people gallavanting around like nothing is wrong new york city is a travesty. The new york mayor waited too long and were paying for it a nationwide shelterinplace order would make a huge difference in the course of this pandemic i want a nationwide travel ban, too, except for medical professionals. Its true traffic has dropped precipitously, but there is still too much of it we need people to stay in place, not spread this thing everywhere we also need to solve thismass conundrum. On friday we spoke to the sc. E. Of minor the president suggested this weekend when he had the same executive on in the rose garden these hospitals must be doing something maybe nefarious with them because the orders are so huge i think its a sfiek pike in ded because nurses and doctors constanco constantly need to change their mask to keep this virus from spreading. We need a billion masks and gowns. That must be our goal, 1 billion masks and gowns and we should do whatever it takes to make them, get them, procure them, i dont care its unbearable seeing in america doctors and nurses wearing garbage bags because they dont have enough personal protective equipment shame on us. We have to be better than that most importantly, we need testing and we need testing and more testing we happen to have abbott labs on tonight. They just rolled out a 5minute test for covid19. Thats the game changer. Maybe theyll finally let us get ahead of this. Once he we can tell who has the disease and recovered from it make we can gradually open our economy again. Until we lick this thing we need a 90day pledge from big business they wont layoff workers as long as the government pays some of the cost its a tough nut to crack. Some cant afford it macys furloughing all of their 30,000 employees thats how you contain this pandemic and help mitigate some of the economic damage so far we havent been doing that great a job so what explains this in the face of truly grim predictions at the end of the day bending the curve wont beat this virus. We have to do it because it can save millions of lives but its not a longterm sluks there is only one thing that can stop this economy from tumbling into a coronavirusinduced depression, and that is science. We need a cure or a vaccine. And in the last 24 hours weve gotten some serious go aheads when it comes to potential treatments the fda granted approve for hydroxychloroquine nonapproved studies that the antimalarial drug can stop covid19 in its tracks the zpac, age signaturac, a az. The president is very hopeful about this combination these are old school malaria drugs. No joke. The side effects can be severe honestly, things are bad enough that i think its worth prescribing the stuff to coronavirus victims who dont have preexisting heart conditions but please understand, there are lots of people, really competent doctors who say this is a dangerous combination, so please, get excited, but dont go too excited but get excited about this this morning alex, the c. E. O. Of Johnson Johnson talked about how his company is developing a vaccine that could be available early next year. The best part, the scale hes talking about a billion doses, not 50,000, a billion that doesnt do us any good now, but it could be our salvation next year if Nothing Better comes along because this scourge is going to be back. We cant wipe this out in six months its coming back maybe we have something for it when it does something better, roche is texting a stroke judge that could work against covid created lumps in the lungs it could beat it and allow everyone to go back to work. My money is on regeneron of course, the clock is ticking, 2. 2 trillion Economic Life support package will help millions of people get through the next month the provision that allows employers to get loan forgiveness if they keep their employees on the rolles is genius its going to help the Small Business person and the people who work there but we need some insurance we need Something Big that will help working people, especially health care workers. Thats why we need to spend a lot more money issue a massive 30year covid war bond if we have to treasuries currently yield next to nothing the bond markets desperate to give our government money. The market would lap up a 500 billion beat the covid bond with a decent coupon. Come on, mr. Secretary mnuchin, pew it up. The main thing is the federal government needs to spend. I know were hearing about something that plagued president obamas package. Give me a break. We simply cannot afford to go down that path we dont need the best bang for our buck with the stimulus we just need to give people money, thats it in most of europe the government is paying 100 of peoples wages for the duration if we want to wait for scientists to come up with something, think big, ive been saying it from day one most importantly, we want testing and then testing and more testing forget shelfready products. I want tests on every block who is healthy, who is immune, because we want their blood. The way to defeat this is to stay home, get tested when you dont feel well. Wash your hands. Get tested at home it might not give people heart, but it will keep you alive im a natural optimist i failed today, except my wife, my 28yearold daughter who is an english teacher stuck in madrid of all places watching our Health Care System i implode america, glad bags. Today the market says maybe, just maybe there could be some hope unfortunately tomorrow is another day. Lets go to andrew in new york, please andrew caller hi, jim i just wanted to first say that im an anesthesiologist and things are really tough here in new york if everyone does their part like you said on the previous show, wash hands, stay away, we can get through this i am with you we are all with you. You are front line soldiers. Thank you for what youre doing. Caller my pleasure, jim. Anyway, my stock is United Health care. Its up quite a bit from its lows last week did i miss my opportunity or start a position at this level i would prefer you to wait. Its not that expensive, but it had a huge bounce in a v they tend to pull back a little, go a little more wish and then youll be able to buy. Id rather have you wait for this one lets go to bill in texas, please, bill caller jim, booyah booyah. Caller so, United Airlines seems to have had the biggest swing the past couple weeks compared to the other airlines with the help of this recent bail out and talks with the can we expect decent growth soon or expect to see another significant drop remember, no customers and you have a lot of cost but my friend james b. Stuber is on friday. Go for the most down and outers. United just so you know is different from, say, carnival. People will want to fly someday. Lets go to cynthia in massachusetts, please. Cynthia. Caller hi, jim my question is about bed, bath and beyond i started buying it at about 15 a share in january through to recently, and im down about 55 . Right caller yeah, its in the news tha the s p right caller and the stores are. A until april sometime, until no , what should i do with the stock . This is like many a retailer. Had there not been covid, i think that the turn would be selfevident with covid its just a house of pain covid changed the game for retailers. And unless youre in one of the five or six retailers that ive been talking about that are going to take over the world, a company that i like like bed bath on a turn, it cant turn. We have to solve this illness. The only thing that can beat this virus is stop the economy from science. Were starting to see some promising things its been heartening abbott labs received emergency fda approval for its covid19 test which can tell if someone is infected in five minutes. Small enough to use in any health care setting. Well sit down with the c. E. O. To talk about a breakthrough i talk about a company in the environment. And s. A. B. About hp. Is adaptedn the new normal in the workplace. Stay with cramer announcer dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer madtweets. Send jim an email to madmoney cnbc. Com. Or give us a call at 1800743cnbc miss something head to madmoney. Cnbc. Com. 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Get secure, reliable internet and voice for an amazing price. Call today. Comcast business. Beyond fast. This is the most exciting thing thats happened since this period began we cant get this economy going until we beat the virus and we cant beat the virus without a lot more testing, testing, testing. Fortunately last week we had a potential game changer when Abbott Laboratories launched a molecular point of care test that can detect the coronavirus in as little as five minutes this is a very big deal and at this moment for the great enterprise that is abbott right when the longtime c. E. O. Is about to pass the torch to his successor. Under whites leadership over the past 21 years, the monster 87 return lets check in with myles white, the bankable chair of abbott labs and the coo who takes over the coo job tomorrow thank you, jim. Good to be here you are the dean of the entire industry. What kind of enterprise are you leaving robert with . Well, im leaving him with one right now thats going 24 7 trying to provide tests to make a contribution to fighting coronavirus. I think its pretty Strong Organization and im really proud of the Management Team and robert for all theyve been able to do and demonstrate. I leave a company that is just a tremendous collection of great managers that can sustain our business and hopefully do something to fight this virus. Robert, for the first time in a long time i wasnt teary eyed but so grateful because of everybodys lives being disrupted. When i heard you had this machine, when i heard you could do five minutes, i realized were going to win this war. What we were missing was the opportunity to be able to beat this on the spot tell us how it could possibly work this fast, robert well, its great to be here, jim, also. Legali let me start off by thanking the abbott scientists, the manufacturing supply chain teams. Theyve been working 24 7 to get this done and a lot of partnership with the fda to be able to get this done in record time but the i. D. Now system which is our rapid point of care molecular test can do the test in as little as five minutes the innovation is incredible it uses Molecular Technology to be able to identify a very unique kind of virus genome through an amplification process. It does it a billion times in the box to be able to find the virus. Yet its very simple to use. You take a swab, a nasal swab. You put that swab into a cartridge thats got reagents and chemicals. You close the lid. You follow the instructions on the test on the touch screen and you get a result in as fast as five minutes. So, if im in a hospital and i am worried about my doctors, which is the front line soldiers in this war, i am able to determine whether they are sick on the spot. Absolutely. Thats been our focus actually as weve had conversations with the administration, weve had conversations with the task force, with the fda, weve had a lot of conversations with governors from different states over the weekend to be able to look at how were going to allocate this test to be able to test as many people as we can. The First Priority as we roll out is our frontline workers. The e. R. Doc, the icu nurse, frontline workers taking care of us. We dont do ppe, but we do tests. We want to make sure their tests these people are safe so they can take care of us. All right so, miles, i have to believe when it comes to abbott, abbott never stops at one thing i have to believe that 50,000 today, maybe its going to be maybe 100,000 in two weeks or more than that or a new kind of test. Maybe even one we can use at home dont have to go to a car line, dont have to have someone stick it up our nose we look and we decide, we go back to work is that possible, sir . It is possible and, you know, i have to say while were very pleased with the performance that weve been able to deliver here, weve launched two tests in the last couple of weeks. Theres still more and theres a need for more. We have a collection of technologies and formats weve got multiple r d teams at work there are more tests coming. There are cyrology tests, were looking at auto mated versions, more like a pregnancy test its a test that doesnt require instrumentation. All of those are a matter of weeks to a couple months away and those teams are working around the clock just like the ones who brought i. D. Now to us worked and the ones who brought the automated test on the m2000 so there are more tests coming they are also putting a lot of effort in the organization into capacity expansion because while 50,000 a day sounds like a lot, its not enough. And we know that and for a while well be allocating and prioritizing to highneed areas as roberts indicated. We know that fighting this virus and being able to go back to a world thats more normal is going to require a lot of testing in the right places with rapid turn around. And fortunately, we have multiple formats to do that with so, yes, thats all possible robert, you just heard miles say maybe get back to the way it was. When i think about the testing, to me that is whats key to get people back to work. I have to believe that the president knows what youre doing, that dr. Fauci knows what youre doing, that the fda is so on the case to let this happen, and that this is the breakthrough weve been looking for. We had thermo. I love thermo. I think roche is great but those turn arounds are not fast enough for the American People this is, correct well, you know, those are Great Companies also and i think weve got to look at this comprehensively. Without a doubt, the point of care is a game changer to be able to do it in five minutes, we have been in conversations, as i said, with the administration, with the task force to be able to kind of deploy this in a way that allows us to test as many people as we can. But as miles said, 50,000 per day is not enough, so we have to rely also on the Lab Instruments that are in the labs, in the hospitals to be able to kind of support all testing needs. As miles said, we had an approval ten days ago for our Lab Instrument thats gone very well. Weve shipped over a million tests by the end of this week and were going to double that during the month of april, too so we have to test and abbott is definitely looking, as miles said, across different form factors, different types of testing and environments so we can get there. Okay. I know when i speak to lynch life, when i speak to roche, when i speak to the people literally everybody who is involved trying to come up with a vaccine, what i hear about is youve got to have sirology. I know that miles mentioned that robert, explain to people how if we knew the blood, if we had the blood of people who had beaten this, tell us what this means to get our country back i think its super important. Thats why we kicked off four teams, the sirology team is the third team they have the light shining on them right now and it is very important for you to be able to detect there are two antibodies that are important to detect. The igm antibody, it pops up and comes down after four days and the igg antibody which lasts, it could last about a year so you know, for some reason you were infected, you got over it, you now know that youve had the antibodies and that is going to be important as we look to reopen the country so, miles, youve been an unbelievable stua unbelievable steward of a Great American company did you ever think for a minute this thing could beat us you know, i think were all properly challenged, meaning were taking it seriously. Were afraid of it, but at the same time were afraid of the damage it can do do i think it can beat us, no. I think the frustrating thing is the time it takes for us to come back at it im excited about the announcement j j made today. I hope to god they can get there fast and any other companies with vaccines, too were going to need vaccines, were going to need medicines, were going to need a lot of things a long time in order to beat it. Do i think our scientists will beat it . Well beat it. Some day there will be another one that will have to beat well be ready if it ever happens again. Robert, last question when i look at abbott and i hear there can be like a pregnancy test that miles said what i am envisioning is there could be something, maybe even by the summer where we could get tested, all of us if we decide, you know what, i dont feel well. We can get tested, maybe even over the counter by prescription because if we dont feel well, we stay at home. And if we do feel well, we go back to work and