Development, even though the number of cases in the number of deaths rise, they are rising at a slower rate, hospitalizations are growing at a slower rate and now of course admissions into intensive care, that to is dropping. So those are constructive developments that you obviously want to see. But we told you about Boris Johnson doing better. People forget another thing were dealing with is the ceo of morgan stanley, he is okay right now, he is recovering from the coronavirus. These are bits of news that we tried to get out to let you know not all the news is grim as they continue to look at what a good time to gauge when making kind of slowly get ourselves into weaning out of the lockdowns parade were a long way from that and a lot of folks to say this is a generous timeline, we will get both sides of the story. Right now we know the healthcare tax force led by the president is going to be reporting a little earlier than normal, about an hour from now. Like fermented tea it all up. I love the good news on a friday, part of the reason why there are many who are talking about the push to potentially reopen the economy back up in the next few weeks. We heard from the labor secretary Eugene Scalia who wrote up the arguments in the economy cannot remain on hold much longer because he says on the other side the bounce back would take longer. We know we need to get back before the virus is entirely gone among us and we have to plan for that. We know it might not be the same date in every location that were all back to work, we will need to plan accordingly. But we also know we cannot wait too long. Also this morning the Surgeon General saying neighbors could be a timeline for some but not for every part of the country. He also suggested certain conditions would need to be in place for may 1 green light. As we ramp up testing and can feel more confident that these places actually can do surveillance and can do Public Health followup, some places will be able to think about opening on may 1, most of the country to be honest but some will and thats how will reopen the country, please play place, bit by bit on the data. Using some of the conditions and caveats when you talk about reopening the economy, we should know of course that the state governors and the local mayors and leaders that will eventually have a lot of their stay with this. Other news items today out of washington, President Trump, the white house spoke with Vladimir Putin earlier this morning, the second call between the two in the last two days, yesterday the president spoke with him and saudi arabia, everything thats been going on with opec in the oil market, a second phone call, the oneonone with the president and Vladimir Putin, they talked about energy trying to maintain stability in the Global Energy market. A little while ago the department of transportation announced it would be giving a billion dollars to amtrak, the dot says amtrak ridership has decreased 90 in the recent days because all of this. It sorta matches up with the airlines as tsa screenings have been done 96 as well. Neil thank you blake burman, were going to go to steve moore, what do you think we will hear from the president on this revisiting the april 30 deadline about slowly not quickly getting americans back to work. Whose advice from the medical establishment, the economic, what you know about that. I think a little bit of all of those in the medical team containing the virus. You know me i been saying this for a long time, theres a lot in the white house would agree with me, you can get the economy up and running quickly because we dont want to see more reports with 6 million signing up for unemployment benefits. I was very hard and by what i heard from blake burman, those are really positive things that they think they can get in the economy open about may 1 and we may have flattened out the curve a little bit. You are seeing that reflecting in the markets. My take on this, when you look at whats happening at the fluctuation in the market, i would say about 80 of the fluctuation in the stock market right now is based on what the john hopkins report is telling us about the progress with respect to fighting the virus. We have to get the economy reopen the obviously we have to do it at healthconscious way. Neil i think you are right on that, 95 really with any news that we get on the path of the virus. Having said that, the president will be leading his briefing today and theres criticism from those in the wall street journal that he tends to make it about himself in this days too long and he starts getting in fights with reporters, the wall street journal cited that the presiden, your very rational season business guy, do you think the wall street journal is fake news. No i do not. I love that newspaper, i worked there for ten years. Im a little biased as you know. I thought you would say that. I thought there was i love this president , i worked with him but i would say this, they say the president would be wise to take some of that advice from the wall street journal, hes done an amazing job in the press conference but maybe not doing battle with the media so often and so much in the American People just want to know what is going on and they want to be reassured by the president , we will solve the crisis both with respect to our economy and the Health Crisis that we have right now and i would like to see him rise above this and knocking and sponsor the media but donald trump, he is going to do what he wants to do and thats one of the things i love about him. But at least hes reading the editorial for the wall street journal. He did say that the journal always forgets to mention that the ratings for the White House Press briefing are through the roof and the only way for me too escape the fake news and get my point across, when he says stuff like that about ratings and performing, and the job that he is doing, he puts it in a different framework for americans who just want to know, am i safe, is this thing going to kill me. I think there is something to that. Again who might give advice to this president , one of the great political mind as well as an economic leader for our country. Neil everyone can use advice trade i use advice. Let me switch gears, absolutely i think youre right and i did not want to put you on the spot but i wanted to get your thoughts. What will happen now people like dr. Fauci say the virus will decide this issue in another words, how quickly we reopen or get back to business as usual, as you stress it will be a little bit to go back to where we were and maybe in that direction, dr. Fauci seem to say when all is said and done, it is a virus and progression or slower progression to decide. Is the biggest criteria you know of is the fact that the cases have to decline for a significant period of time they mentioned a 14 day figure before we even entertain easing up. I think we have to get the economy opened up quickly. I really do and the reason that i do. By the way, of course keeping in mind to help the information that we get. Here is my point, im not a Health Expert, im an economist, dr. Fauci is a great Health Expert but not an economist. I will tell you this if we keep this economy, ive seen some expert team we have to keep the economy closed through june or july, if that happens we will have a Great Depression pray there is no way you can keep this economic engine, the greatest economic engine in civilization shutdown for four months and somehow some of these people think you can flick the omission switch in the economy starts up. No the economic damage will be so severe, you will have corpse of businesses that will never reopen because they have sold their assets, they have no revenues, and one last point, i know were running out of time, we have half of the economy open right now, you been talking to a lot of people running these great businesses operating like fred smith at fedex. They figured it out how to keep their workplace safe in the workers safe which is their top priority but also provide goods and services so we have an economy. So why dont we follow the advice of the Trucking Companies in the fedex in the amazons that are doing it and doing it in a safe way. Neil last question if you dont mind my producer is going to kill me but youre such a good guess. Jerome powell of the Federal Reserve and all the extra efforts unlike weve ever seen before, the fed was doing during the meltdown, do you think Jerome Powell has put himself in better braces with the president , giving his performance in the face of this virus that he is not necessarily one and done with this president. I was thinking about that last night, thats why i was laughing, trump is been so tough on Jerome Powell on the last since usually appointed. Actually every meeting ive been with, trump to talk about the economy, he always takes time to attack the fed chairman. I have to say no been pretty critical of the show and others as you know i think powell has done a good job of managing this crisis, i think its a right thing to do. Neil good enough to keep his job. You know the president well. Do you think the president would say i dont hate you anymore youre not a loser anymore. I think i would reappoint you. You the answer to that question, if we come out of this and we come out like we want to see with a vshaped recovery with the economy back in shape by the fall and were not even nine months. I think Jerome Powell will deserve to be reappointed. But im very nervous about the fed taking winners and losers in the economy right now. We cannot have this wear will be allowed this company not the company. That makes me a little bit nervous but im going to give him an a grade for what hes done in a crisis. Neil all right, it looks like were bailing out everybody at the rate were going prewill see what happens. Always a pleasure pray thank you my friend. Lets get the reed on this, we have jackie deangelis, and Charlie Gasparino, what did you think about your own power. Powell might be changing minds, i dont know about the one in the oval office but what do you think. It is very mixed record, the guy in the oval office might not be in the oval office to reappoint him. We should point that out coming november. So a lot is in flux about powells future. Listen, i have a problem with what the fed is doing in the sense or what the government is doing. You can throw trillions of dollars of fed easing and backstops and everything at this economy and it could have just marginal impact because the real problem is a mainstream problem its what steve morris said. If everything is shut down how are people going to be able to go to the bank and get a loan to expand the restaurants if no one is going to eat those restaurants. I think thats part of the problem of the governments response, if you think about it the fed has pumped 10 trillion, and being conservative into this economy. The Small Business portion of the bailout plan from the federal government is 500 billion. Those are the places that are really getting hammered here. I want to say one other thing about opening up early, we know this is horrible and a good chance we can go into a depression with what is going on. If you open up the economy to early in places like new york city, im not talking about idaho, oklahoma but in new york city particular and florida and maybe in seattle and the hotspots of this thing, you can have a second occurrence of this virus and you could be in the Health System could be overwhelmed and just be real clear here, the economy is bad, maybe there is a rolling plan where new york state shut while the places they open but you have to be really ope careful at opening up too early, if you open up too early and this comes back a second time im telling you the economic consequent this will be worse and i do know a little but about Emergency Rooms and icus, my brother is in icu doctor, yes stuff is leveling off but leveling off from insanity. It is not exactly leveling off where everything is okay. Its gone from really bad to just. Neil let me ask you about that because the president might address that but in my conversation with steve should they address its been clear to the point and move off the stage and let the medical people detail some of the options out there with the wall street journal and essentially saying that its big news for pointing out the fact that he wears out his welcome in the viewing audience by ripping reporters. Should he just report the latest bulletins in the latest senate buddies getting and let the professionals finish it. Of course he should but he is not going too so its a point f the briefing and hes the president and he will duties been doing and thats almost one of the is what it is types of situation. Carly makes. Neil im jumping on you he did Something Different last night. He did Something Different, i dont follow the beginning to end but he left the state early and that is the kind of stuff and he said he should do more which echoes your point. I think he had another Conference Call to jump on, he had these other meetings he had to go too so sometimes when time is pressed, that dictates how much time he can spend where he other times hes out there for an hour and a half or two hours. I think the people that want information look forward to the time he passes the microphone to the Vice President because you know you hear from dr. Birx and dr. Fauci and the questions that are asked of the medical issues are going to be probably more directly answered them when the president is up there we get off the rails on these things. The point i want to make to follow up on charlie, its important about the Federal Reserve, to me this flies in the face of what steve was talking about to the effective 80 of movement in the market is a market looking ahead and see the models approving on the health side. 80 might be a little bit high because it is discounting the effect that the Federal Reserve is having to help wall street and help investors bring to charlies point you are still seeing the pain in the economy on main street. We cannot lose side of the fact that the programs the government has promised especially the Paycheck Protection Program those promises have not been delivered on. They can give us the numbers all they want in terms of how many loans have been approved and how many applications have come through but we know from speaking to real people, just from her own show and after the day this week, we have one Small Business owner on and another ry ofoday, every single one of frustration in terms of getting the help that they need and that is not what was promised, we were promised a week ago these businesses could go when in a few hours the money would be available for various reasons and we know some of the reasons that have not happened but that has been the big story in the Federal Reserve has helped wall street maybe even more than an outlook of the models it does not have the ability or the program put in place and it has not helped main street as well as the programs are there or not working the way they are promised to work. Neil jackie, theres no right or wrong answer and not try to put you on the spot but i heard out of the briefing today if the president were to telegram, this all ends on the 30th i think were ready to go back to work even if he does it in stages. How do you think that goes down especially when i look at the surveys and others that show seven out of ten americans are quite anxious about their own exposure to this. That say nothing of love ones and friends. How do you think that will go down. You can turn it off and say Everybody Needs to go back to work but to charlies point in new york city, if you have people congregating in public areas in the office for example that do not know if they were ever infected with the coronavirus, they can be asymptomatic carriers, they could get other people sick. What it comes down to the testing that Governor Cuomo has been saying, that is how you can send the safe part of the population back into the workforce to get things going. The market may reactive the president says we will turn things on in the market will be okay in a couple of weeks but the market came a long way this week. I think he was excited about the extra stimulus and excited that were may be reaching a peak and we can see the light at the end of the tunnel even though things are pretty tough out there for the average person. We probably had some people that we are Short Covering saying i dont want to bet against it which pushes the index and the dow up. A lot of things to look at but i dont think you can turn this on with the magic light switch, push of a button and get everybody back because if you have that resurgent its going to cause a bigger problem. I go back to the idea that we need Antibody Testing. That we know it say for certain people to go back. I want to make a couple points on the market, back in 2008 after the bailouts, markets went back up and then they went back down violently again when the reality of the Great Recession came into play. That is number one. Number two the Federal Reserve is good at lowering interest rates. The federal government has not been good in bailing out wall street and banks, im not saying they shouldnt but theyre good at that. The federal government is horrible when it comes to these bailout fiscal policy whether infrastructure rebuilding and i can tell you i reported this from day one, even before friday of last week when the ptt was supposed to start small stimulus business plan, nobody had any idea, the r