The tech giants continue to open their books as executives warn their books are not immune one stock that seems to be weathering the storm completely. Thursday april 30. Worldwide exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching here is how your money and investments are looking right now just after 5 00 a. M. On the east coast stock future showing more possible gains after a surge with the dow and s p jumping the nasdaq, technology continues to outperform on optimism on technologies the key job claims we say that because this is a number showing millions filing for unemployment every week yet the market keeps moving higher lets staft your day with a remarkable stat get this the russell 2000 on pace for six straight gains that has happened only one other time go all the way back to 2000 to find the last time small caps gained 1 six days in a row. If you like that stat, stay tuned for the back half of the show when we bring you Something Else that is random but interesting and good if you own small cap stocks not only the United States markets higher around the world and Manufacturing Sector taking a hit from singapore we did have a sharply firmer session. Some weakness and looking at these numbers. South in new zealand, that market was low pretty much all of asia is up for may 1. Take a look at the shanghai composite with gains there the official pmi number coming in at 51. 8 down from that number in march remember everyone was scratching their head we did see a pull back as to the private sector the number coming in at 49. 4 in japan, we are watching soft bank that Company Making gains despite saying it expects a bigger loss. Flagged an 8. 4 billion loss most coming from troubled investment in wework dbs, southeast asias biggest bank the drop in the q 1 profit with a drop in Loan Loss Provisions we know what has happened in oil and gas. The Company Confirming most of the exposure with stateowned companies. Brian, back to you matt taylor, thank you, buddy. Whatever stocks are doing worldwide does not take the pain away from thousands of American Families dealing with sick loved ones those souls lost because of this terrible disease but there is some hope this morning. Here is the latest. Dr. Fauci says an experimental drug to treat coronavirus has shown to have effect trials involving Gileads Remdesivir showed that the trial time of 11 days versus the 15days in the Group President trump working as quickly as they can to treat coronavirus. Making the drug available as quickly as possible as appropriate. Jay powell says the economy will need more help to keep the country robust powell said yesterday, there is still plenty the fed can do. We are committed to using a full range of tools in this challenging time well use them aggressively, proactively until we are confident we are on a road to recovery and to ensure that that recovery when it comes will be as robust as possible. As long as needed, well use them following the latest policy meeting, the fed pledged to keep rates near zero until full employment returns and inflation gets back to about 2 . Lets stay on a bit of optimism because we can all use some founder and ceo of research. He joins us now it is tough talking about equity markets when expecting 4 Million People to file for jobless claims help us try to square exactly what is going on between equities and economics. Good morning. It is i challenging situation to say the least. That that was contracted that is the tip of theiceberg. We are obviously seeing versus what we might see as a zrupgs of the capacity of the economy. Will the shortterm issue become a longterm problem. Right now, if we are able to get the economy open in the next month or so based on the experience we have seen in other countries. It is likely we see recovery there. It is important to focus on the light at the end of the tunnel april was a month in the bottom where we are up over 30 the market doesnt wait for all the stars to align and neither should investors are there really two economies . As bad as the numbers are, it appears the majority of the job losses and pain are really centered around hospitality, travel and leisure, hotel, airlines and anything to do with us and discretionary income. There are americans working who are saving money because they are not doing those things is the stock market seemingly pricing in maybe a quicker recovery than some and the most dire estimates believed . It is definitely the case the market seems to be pricing in the rumor and it is jumping and trying to hang on to any positive news it can get if you look at the overall economy, the rate will basically skyrocket when we get the april report obviously the initial jobless claims will be terrible. The question goes back to how quickly can the economy reopen the jobless claims will be short term or furlowes especially as you point out in hospitality based sectors or discretionary based sectors. We have to remember as well too, and as bad as things are. Im not taking away from the 26 million that thought theyd be out of a job theyll be some what made whole and helped from state and local governments with the hope that theyll return to work there is between the federal reserve, treasury and congress at least a bit of an economic backstop and it feels like the market is reflecting some of that no p thats right. Showing that government in all its forms trying to keep its economy on life support. They are using a full range of tools at their disposal. We just dont know what earnings and cash flow. Getting back to a more normal level. The final point here, bull markets are very different from bear markets extremely painful. They lost five times longer on average rather than 35 . For every day investors, it is important to focus on getting through this crisis initially. Yes lets hope people go back to work sooner than the market believes james, be well thank you. When we come back, as bad as things are economically, people are still buying new cars. That is the good news. Coming up, well talk about how much those numbers have dropped. The nfl the latest company to make major cost cutting efforts. And has the economy seen the ttreac a bk right after this these days staying connected is more important than ever. So were working 24 7 to 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. Welcome back it is 5 14 in new jersey stock futures are higher after a remarkable bounce back for stocks shares of qualcomm Second Quarter results beating top and bottom line. The company, which is the leading maker of chips for the latest 5g technology is warning of a roughly 30 drop in phone shipments compared to previous expectations. That is actually a little higher or less bad than some estimates. Thats why the stock is up about 3 a different story at ebay. Shares down by more than 3 . The classified business there taking a big hit particularly from temporary car dealersh dealership closures and advertising. As we head to break, dow futures are up oil is higher as well. Comeling coming up, well talk about whether the oil industry will get the bailout it has been looking for when Worldwide Exchange continues. Announcer todays big number, 31. 4 . Thats how much the s p 500 has jumped from the lows hit in march. The index is on pace for its best month since 1974. Feed a healthy lifestyle, with pure protein. High protein. Low sugar. Tastes great high protein. Low sugar. So good. High protein. Low sugar. Mmm, birthday cake. And try pure protein shakes, with 24 vitamins and minerals. Welcome back is a bailout coming for oil and gas. Privately in washington, lobbyists have been pressing on the issue and it seems to be working a bit. Joining us, chris. Great to chat with you on a very touchy subject i know you are dialled in to people in d. C. Do you believe oil and gas will get some kind of bailout and what it will look like if they do oil and gas industry is under something theyve never seen before the best scenarios we can go through. Secretary mnuchin has suggested maybe a new Credit Facility they could ask for that congress could put together probably the least likely. The second being a pabipartisan movement that may suggest a oneforone oneforone assisting. The third whether where they decide from march 26 to march 6. They want to turn back the clock i guess. A version of the old bad joke. If you owe the bank 10,000 youve got a problem if you owe the bank 10 million, theyve got a problem. Really more of a debt bailout . There is a high likelihood washington has to step in. Also the mortgage industry as well we cannot withstand the challenges that would fall to the United States and our economy if we dont have a vibrant set of companies in these two sectors and many others listen, you know this talking about a state which some people fear it might be going blue as hard as it is to believe about texas. Youve got 10 Million People unemployed i would imagine this is a sensitive discussion happening now as well. Look, this issue galvanizes both sides you have some on the left that really embrace the Green New Deal and elements of that. My former colleagues known to favor more traditional sources of oil and energy or the overall above approach at the end of the day, when i was putting together deals on these kind of issues on the last end of the year tax packages, we were able to find some what through this to do almost a one to one approach allowing for both green and brown energy or renewables to Traditional Energy to both succeed and make sure we both benefit from Anything Congress does. The easiest thing will likely be the lowest hanging fruit is the fed to do something. Listen, chris, im going to make a projection. It is way out there. If the oil and gas industry gets any relief, bailout or whatever. There are some people on the internet that will be upset. How is that for a bold prediction the common phrase these days trying to navigate on lockdowns and the one big cap tech stock that may help you sleep a little better at night if you own it even geniv the volatility we have seen in 2020. 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With a network that helps give you speed, reliability and security. And enough bandwidth to handle all your connected devices. Voice Solutions Like remote Call Forwarding and readable voicemail. And safe, convenient installation. When every connection counts, you can count on us. Get the connectivity your business needs. Call today. Comcast business. Welcome back it is 5 26 home you are having a good start or end or middle to your day here on april 30th im Brian Sullivan are americans finally seeing a little bright spot economically. Well talk more about this and get the latest on Technology Earnings oil prices are higher. Isnt it nice, its april 30th that the 417 days of april are finally coming to a close. Tomorrow is may, which we are told only has 62 days in it this year i think you get our point. Welcome. Thank you for joining us im Brian Sullivan here is how your money and investments look stock futures are indicating some gains at the open we are keeping this retracement or bounce back rally on all of this coming on more gains. What is new continues to be the outperformer up. We had one of these for you at the top of the 5 00 a. M. Hour. The s p 500 has had as many 1 higher as 1 days lower this year the s p has jumped 1 22 trading days it has fallen 1 just 24 trading days of course, the drops have been larger why we are still down 9 9 on the year. Showing the bounce backs weve had. Well talk more about that in a few minutes. Lets talk about the world Oil Giant Shell doing something today it has not done since world war ii plus what is lifelike on the other side of the pandemic lockdown . Well get to Julianna Tatelbaum first in london with a no good, very bad story for shell bsolutely it is an historic move from royal dutch shell. First let me point out the broader session. It has been choppy the first few hours. Household goods, telecoms. Banks, weve seen negative earnings coming through. Chemicals down and oil and gas down about 1 . The key stock there royal dutch shell. Lets show you how shares are trading in shell this morning. Down before 5 weve bounced off the ultimate lows this morning. Shell has slashed its dividend for the First Time Since the 1940s in the effort to shore up their losses theyve also suspended the next trunch of the share buyback. Share holders in this company have been in this stock for its dividend it goes to show the severity of the impact that not only the coronavirus lockdowns are having on the company but also the plunge in oil prices weve seen. Back to you. Getting squeezes there. Thank you. Lets go to beijing. Eunice yoon joining us from china. Theyve got some Economic Data talking about life returning to a semblance of normal. What does Economic Data look like it didnt look very good. There are two surveys that come out. Unofficial and official one. It showed that chinas factories didnt fair as well as many had happened pmi activity showed that it had expanded slightly. Looking at small and Medium Sized Companies contracted showing net or new export orders shrinking. That was really important because it shows how Global Demand has dried up as people have been holed up in their homes. Services and construction have perked up to offset the weakness gaining momentum though a pick up in demand is still a big question mark because of the concerns of unemployment here. Hopes are rising because leadership will be announcing more measures ahead of the congress an event that usually happens every year it was postponed we have a new date for that. May 22 for the past couple of months, well been bringing users data from tom tom, the gps service showing the traffic flow if you look at shanghai and beijing compared to one year ago, it does look like from the data, you live there, that we are monday to friday, pretty much back to mostly normal you live there what does it look like it does look like it is mostly normal in that people are going back to work a lot of people feel that they have to and then on the weekends, there arent as many people that are out. What will be interesting, brian. Is what happens this next weekend and over the next several days well have an important gauge of consumer confidence. It is the may day Public Holiday that runs from may 1 to may 5. We tend to see this as a big shopping and travel time the ministry of transport put out some numbers saying they expect the travel numbers to surge even though it may only be a third from last year beijing had lowered its Emergency Response level for the virus, which means people like me here in beijing can travel out sie outside of beijing and come back without having to be quarantine for 14 days. Also it means people might want to come to beijing from lower infected areas the forbidden city Just Announced it managed to sell 20,000 tickets, all sold out in 25 minutes im prying into your personal life when is the last time you went to a restaurant and what did it look like . I went to a restaurant yesterday. It was pretty busy still again, social distancing people were at different tables about two meters or six feet apart. The dusishes were wrapped in plastic. I was handed a little bottle of sanitizer. It is not totally normal or as though everybody feels comfortable when they are out. But at least you are going out. Something all of us here hope to do again some day soon eunice yoon in beijing always a pleasure. Lets get back to the markets and your money it is a huge day for technology results. Facebook surging in the premarkets on the hopes that its business on the ad side have seen the worst from lockdowns. Telling us after a steep drop in march, things have begun to stabilize a bit. Also teslasurviving another quarter in the black although musk has put Profit Guidance on hold and delaying semitruck deliveries another year that program now two solid years behind schedule. Also microsoft hire even as sales surge 15 . Manufacture you may be using Microsoft Teams more than you used to. Customers using the cloud more than ever, saying the Company Sti