More work from home. It is thursday, may 7. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening. Welcome. Im Brian Sullivan thank you for joining us on this 75th anniversary of ve day 1945, world war ii and europe ended. Looking at the market and your money. Setting up their thursday morning. We are seeing futures with potentially a rebound in gain. Getting to more on that in one second this would also regain like we said what we lost yesterday. Up nearly 3 this week alone weekly jobless claims are out. They are expected to show another 3 million americans have filed for unemployment. We are nearing 30 Million People out of work. Markets wont move on that it is widely expected. Obviously a difficult number to hear we have breaking news on United Health the health insurancer announcing it will provide 1. 5 billion premium rebates. Joining many Auto InsuranceCompanies Offering rebounds as people are simply not consuming their products right now well get to more of that story right now. All of asia is back to work and business there was a pretty big surprise in some chinese export a big surprise there well go to matt taylor in singapore. Most of asia back singapore and malaysia for another Public Holiday we did see japan come back that market the only one moving higher up by about. 3 . Despite the fact when we did have the surprise of the chinese export and trade chinese composite ending slightly weaker on the day we saw that rise more than 3. 5 against expectations of the decline of 15. 7 imports down 14. 2 for 11. 2 decline. The trade balance coming in stronger we did get Weak Services pmi coming in at 44. 4. That was better than the march number new export numbers falling sharply. That doesnt bode well for exporters. We are watching major news there. That market ending weaker on the day as well. Hong kong clearing on the hkex in the city operator and on investment losses. It did see an increase on daily turn over. The longserving ceo has been at the helm about 10 years announcing he will be standing down when his contract expires next year. Brian, back to you thank you lets get back home and another strategic shift from the white house over the Coronavirus Response rahel solomon has more on that good morning. After seeing a wave of backlash, President Trump announces the Coronavirus Task force will remain in place and have a new focus on reopening the economy and finding a vaccine as republicans look to pump the brakes on aid spending that puts them at odds for the push for tax cuts and stimulus spending package doctors calling out the fed for uneven and opaque method of distributing the drug remdesivir several hospitals have been chosen to receive the doses. It is unclear why some were cleared to receive these doses and who is making the decision in the first place costco sales fall for the first time as stayathome orders took a toll on the company. Excludeing gasoline, comp sales fell including gas, they were down 4. 7 brian, back to you rahel, thank you so much. We have a little good news to wake you up here futures are indicated up if we keep that strength at the open, regaining the losses made. Has the market remained as strongly as it seems chief strategist good morning i say that because you look at the nasdaq you say the Market Holding us up appears only a small group yet again leading the markets. How do you lead the overall market right now definitely continues to be a narrow market. We did see a reprieve there when the russell 2000 and tried to play catch up a little bit they rolled back and are underperforming again. Some of these names like netflix, microsoft, amazon, they should be doing better but that can only last for so long when the rest of the economy is faltering. When the rest of the country is bounced back, it will not be near 2018, 2019 with unemployment level in the high Single Digits. I think it will be tough for the stock market to rally further. Narrow markets are usually followed by further decline, im afraid what is powering the stock market right now unlikely to move the markets Everybody Knows the numbers will be terrible. 3 million, 3. 5 million these are americans losing their job. It is funny, the employment numbers will be important over time right now, what is driving the market is the Federal Reserve. Not just the money they are putting in the market, the faith they are putting into the reserve. It is funny what they can do with a correction and a slow down and what happens in a bare market and recession there is usually a second wave because the economy doesnt bounce back as quickly as people thought. Especially now where we have leveraged investors hurt badly in march Leveraged Companies will continue to be hurt over time because the economy is not going to bounce back the way it had been thats going to cause another wave in selling. That will grow in the bounce back what we are seeing in a little strength is a textbook retracement. We saw it in the internet bust and final crisis in 2008 the path of least resistance is slightly lower i do feel that way. Follow the smart money, as they say. Add to the list of half a dozen or more billionaire investors saying they are not buying right now. Looking to those to maybe undercut them. Always appreciate your views, thank you for joining us here. See you soon we have a lot more to do on this thursday morning. When we come back, your next guest taking a hard look at the retail landscape what companies will go away and what companies will actually thrive in the new normal your stayathome stock of the day surging as sales boom. Well unveil that mystery chart coming up. If you thought things could not get any weirder now, we are always here to surprise you. The United States treasury secretary is now in a twitter spat with roa ck star. Welcome to the jungle. We are back after this i love these fries. You know, the chef here trained in france. Mmm, it shows so good. Oh hey, did you say you needed help with investing . Because i know someone whos really great. And you trust him . Totally. Yeah. We went to school together. Ill check him out on investor. Gov. So, whatll it be . Ill just have the burger. Before you invest, get the full report. Check out an investment professionals background for free on investor. Gov. Before you invest, investor. Gov. So were working 24 7 toected maintain a reliable network, for free on investor. Gov. 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 the question every business and share holder has right now a store, restaurant, retail chain opens back up, will customers come we have some answers some polling finds more than half of us are comfortable going to a Grocery Store we need to go there. That survey also finds twothirds of americans would be uncomfortable shopping for clothes and 78 of us would not feel good about eating at a dinein restaurant states lockdown measures are being eased. Particularly retailers about how they will adapt and try to survive. Our guest is a retail analyst. Jane, good morning i guess the old adage, never waste a good crisis normally reserved to politics but lets focus on retail. I would imagine, how difficult things are, there are companies that will learn to adapt and make hard decisions. In your mind, who is making the right hard choices right now and who will survive i think target has made some very good choices with curb side pickup i think the lululemons of the world who are connecting with the customers on their website as well as their app giving them exercises. Same with nike connecting ongoing with their customers. These companies will survive and we do have some that will go away it is accelerating the whole retail landscape who is likely to go away . I think you will not see francescas anymore j. Jill, tailored brands these were all the weaker retailers. Ethan allen, look at wayfairs figure there has been a reset to the consume and industry the consumer is going to continue buying on line and continue the trends of do it yourself home depot, lowes they are doing a fabulous business. Those are the ones that are very strong what about a macys, jane, market cap less than 1. 5 billion do they make it out of this . This is a very difficult situation. They werent surviving really before this pandemic im not so sure customers are going to feel very comfortable going into these very large stores with all these customers unless they make some changes. Im concerned about the offprice retailers also where theyve always done well after the recession last time, they hit it out of the park. However, when you shop in those stores, it is very close they are going to have to change to have social distancing. Theyve been out of business the whole month of april because they dont have ecomm. Is it possible they will go away no. They will not. They just have to make some changes. The consumer has decided how they want to shop. They want contactless shopping they dont want to have to be very close to other customers. They want to pay by credit card. They want the merchandize brought out to them outside. No, our price will not go away, they have to make some major changes. Lets talk about the brands talk about amazon, target doing it right we have to remember when we use target, we are probably buying somebody elses products just using target as a vehicle. Im thinking north face, Tommy Hilfiger what brands and companies are getting bought now the Tommy Hilfiger, youll find mostly at macys. Im more concerned about the manufacturers than a lot of the retailers. They are dependent on the department stores, third party stores to sell their products. It is better to be a retailer than a manufacturer in todays world. Jane, we appreciate you joining us here nice and early thank you. Have a great day talk to you soon thank you still on deck, the Airline Stock right now down another 11 . It could fall to Single Digits who it is and whats going on. More outrage over the Small Business relief program. Showing how some banks are apparently unevenly distributing the money. More when we are back after this announcer todays big number 39 . Thats the projected decline in Second Quarter earnings for the s p 500 this year. At that rate, q2 will be the esdr in earnings since the financial crisis welcome back it is another difficult day for Spirit Airlines. Shares are down 11 after it posted a big firstquarter loss. It will sell more stock to raise cash it has entered the Payroll Support Program and if shares continue to fall, it is possible Spirit Airlines could end up in the Single Digits. Today, that stock down 80 this year perhaps all the money we are not spending flying, we are spending on line. P paypal offering solid guidance it posted the highest single day transaction volume ever. Shares up 25 this year. Paypal ceo will join squawk and the gang later today some of that spending is on highend exercise bikes. Peloton sales surged 66 sales are so good, it is struggling to fill orders and expects to have to pause temporarily sales of its treadmill product because everyone is stuck at home and working out. Peloton could be the big winner in todays market. Here is perhaps the best news we could hear any day the average number of new cases in new york continues to decline. A new report that sheds light on who is getting sick as the lockdown begins its eighth week with frances rivera. A surprising shift at the epicenter of the american outbreak a shocking twothirds of the patients became infected despite staying home the new york mayor is warning essential City Employees could face furlough. The cuts could include first responders, teachers and Health Care Workers a new study shows that Small Business loans may not be going to the hardest hit spots the mergely loans largely went to borrowers with previously existing banking relationships the rollout has faced criticism for not getting to areas that need it the most back to you. Francis, thank you very much. Straight ahead here on Worldwide Exchange, hunting for bargains, we have two Money Managers who will join us with names on their radars and what you need to avoid and real world advise two Democratic Senators are calling for an investigation into Carnival Cruise lines over the companys response to the pandemic including some recent reports that shows that carnival apparently continued to let passengers cruise even as it new the virus was spreading on ships. Shares are down at 75 this year cnbc is back after this. Take allegrad. A nondrowsy antihistamine plus a powerful decongestant. So you can always say yes to putting your true colors on display. Say yes to allegrad. Good news out of china help power our stocks a bigsurprise could mean good things for the American Economy. Stock futures are higher by 240 points call the cops on the cares act what it is taking to prevent fraud in the largest stimulus package in american history. And knock, knock, knocking on treasurys door. The twitter spat that can only exist in the year 2020 youve got to hear it to believe it you are watching Worldwide Exchange here on cnbc welcome back and good thursday morning it is may 7. We are slowly creeping toward the weekend. Dont worry, we will get there we have a little good news dow futures are up 240 points no we have positive data on chinese exports. Exports rising when a decline was expected a small glimmer of hope that economies are reflecting a slow reopening. We are also getting a report that u. S. And china trade reps are set to speak by phone as early as next week that is relevant because that is the first time they will have officially have spoken since the trade deal was signed back in january and amid rising tensions with the pandemic. If we do stay up 240 points, that will regain all lost and a little more in the dow dont focus on the dow, focus on the nasdaq and big technology. As it had been doing before the pandemic continues to outperform it is up 3 . Weekly jobless numbers are out this morning t it is tough to hear. They are expecting another 3 million american citizens have filed for unemployment if thats the case, we would be nearing 30 Million People without a job in the United States within a matter of two different months that is a top number expected by the markets. That number out at 8 30 a. M. Eastern time lets get to those numbers joining us now from london european markets reopening we are sure to keep you up to date now the bank of england in focus. The bank voted to keep rates steady at an alltime low and held off injecting more stimulus to the economy for the time being. In line of what they were expecting. Expecting a 14 drop this year and predicts a 15 rebound in 2021 it stressed such a scenario that would provide on the back of that spiking up towards 124 but has come back down single stocks in focus i want to highlight for you in the telco space. Bt has extended the dividend as the Company Looks to shore up cash reserves during the coronavirus outbreak the Biggest Telecom group withdrew guidance adding that impact will only become clear over the next 12 months. We had news from Liberty Global over the last 24 hours we have agreed to a deal another stock to highlight, ab inbev warns after profits fell 14 . Total volumes fell more than 9 due to the lockdown as it withdrew guidance. A steady recovery in china throughout march confirming all breweries in the country have reopened amazing that all the stocking up people did around the world not enough to compensate for the lost volumes at bars out there. Im sure when it is all over, well be ready to get a drink. Absolutely. More than you know. Futures look like we could gain back more than we lost to stay in the green, we have to get past difficult data. Jobless claims are out at 8 30 a. M. Eastern they are expected to show another 3 million americans filed for unemployment over the past week if that happens, we could have 30 Million People unemployed in the United States. The job is to look forward, not backwards. Perhaps we have better times ahead. Lets get to real world and practical answers. Getting to our guest recognized by forbes as a best in state for providing advice in texas. There will be a pp, post pandemic world, how will investment change. I think we are looking at this as a precorona and after corona we look at areas that will shift and not come back. Well look at a drag of numbers going forward. You have 4 Million People over the age of 65. Thats about 15 if they change their behavior, plus any at rick and people that are nervous, you could really see a drop in growth we do expect to move forward it is like we are moving forward with an anchor or broken leg it is going to be slower or tougher as behaviors change, we really see it as a fulltime shift. Work from home will put pressure on the