Reporter hi there, melissa, with all of this talk about the potential reopening of the economy maybe here in the upcoming weeks President Trump took to twitter today to suggest he is the one who will have the ultimate say when and where that will happen. This was the tweet from the president earlier today. He wrote, quote, it is the decision of the president and for many good reasons, with that being said, the administration and i are working closely with the governors and this will continue. A decision by me in conjunction with the governors and input from others will be made shortly. However the constitution says that neither the president nor the congress has the authority to regulate for any authority rather, to regulate for health, safety, welfare or morality within a state. This afternoon new yorks Governor Andrew Cuomo said governors from the northeast would be working together to form a reopening plan in their area. Each state is going to name a Public Health official for that state, an Economic Development official for that date. Study the data, study the research, study the experience of other countries and give us guidelines and parameters to go forward. Reporter as we await a briefing from President Trump and members of the Coronavirus Task force, next hour at this white house the white house today is also defending dr. Anthony fauci. Over the weekend the president sent a retweet in which the original poster used the hashtag, fire fauci. A white house spokesperson says this Media Chatter is ridiculous. President trump is not firing dr. Fauci. The white house goes on to say, quote, dr. Fauci has been and remains a trusted advisor to President Trump. There will be a lot of questions put to the president presumably when he steps into the Briefing Room about an hour from now. Back to you. Melissa blake, thank you so much. Lets head over to Edward Lawrence for the latest with what is going on with Small Business. Edward . Reporter melissa, the big banks have started to process through their loans in this program. Now it is still largely led by Community Banks. Were talking about billions of dollars each day this is growing by. Check out latest numbers here. So far 225 billion have been processed through the forgivable loans. Were talking about one million loans written by 4500 hending institutions. If you follow the math on this plan the program will used the entire funding of the cares act by next weekend. That is the reason the administration wants to break the stalemate in congress adding money to the program. I hope the democrats will come to their sense this is week. We put funding into hospitals into state and city governments for their responses to the virus in the same legislation a few weeks ago. Unfortunately the only program at risk of running out of money are the Small Business loans. Reporter and so far there is no deal but Senate Majority leader Mitch Mcconnell is speaking with senator Chuck Schumer for the democratic side. The republicans want to just change the numbers in the cares act that has already been passed. Democrats want a new package that has more stuff added to it. Most states, most hospitals, are seeing record shortfalls. We have should be doing both, providing support for our Health Systems and our states and providing supports for Small Business. Im very hopeful well work this out within the next few days. Reporter treasury secretary Steve Mnuchin has been involved in the negotiations too. Senate Majority Leader Mitch Mcconnell says he is prepared to come to have unanimous consent and change that number at any point this week. Back to you. Melissa edward, thank you. Connell . Connell lets, melissa, go back to the close on wall street. We say it was mostly lower day for stocks. Lauren simonetti following it all for us. Lauren . Yeah, but were coming off the best week for the Broader Market in 46 years, connell. So at the close stocks finishing well off their lows. The dow closing 328 points to the downside. But that was 300 points off the low of the session. Nasdaq rallying into the close, gaining half of 1 . Investors are bracing for earnings season to see how companies are withstanding coronavirus. They might not get their answers. Weve seen about 300 companies withdrawing their guidance unable to predict how the economic shut down is affecting their bottom lines. Investors now questioning if Corporate America is prepared for that weakness that is about to hit and the duration of that weakness . Nobody has answers right now. Industrials, they were one of the weakest sectors led by caterpillar on a downgrade to sell at bank of america. You got to remember, caterpillar does make heavy equipment but about a third of their sales are to the energy sector. So caterpillar down about 9 today. Financials also hit hard. That is an interestrate sensitive sector. Jpmorgan and American Express also laggards on the Dow Jones Industrial average. These losses, however, were very widespread. Oil could not muster a gain, losing about 1 1 2 on the session, after a record deal to take production, to take oil off the market. Investors main concern is, demand destruction and that outweighing any production cuts that we do get. Oil was a loser today. We do have winners. I want to show you one of them, amazon ending the day, firmly in the green within points of its record high, closing at 2168, up 6 . Here is the news on amazon. Theyre adding additional 75,000 workers and committing 500 million to wages as it works to get customers items they need and also items that they do not need amid a pandemic. So yes you can get the clorox and tide detergent and soon get other things as well. Theyre letting a Third Party Sellers finally ship more than just the essentials. Tomorrow all the attention turns to the banks. Jpmorgan, and wells fargo kick off earnings season. Watch for what they have to say about dell delinquencies. Connell well see what they say about scenes. Connell different season than in the past. Lauren simonetti on the markets. Thank you, lauren. Melissa Dan Henninger from the wall street journal, he is a also a fox news contributor. Dan we get earnings coming in at the end of the week, how they did in the previous quarter isnt terribly relevant because thats gone. Even guidance. We know things are horrible Going Forward. I imagine what is really going to count is, how fast are you burning cash, how much do you have in the bank and whats your access to capital, isnt that the number one thing people will be looking for . Yeah. I agree with that. Certainly cheap Financial Officers as has been reported are conserving cash, trying to develop credit lines as best they can. All by way of trying to come up with the best possible guesstimate for what the future is going to be. I think the future depends, we succeeded in flattening the curve of the Coronavirus Crisis and now the question is, what is going to be the upward curve of the economy reopening and that will tell us a lot about whether these companies are going to be able to earn again or, are going to go flat like the coronavirus. It seems like forecasting no one can do that until they know when the world is going to reopen and how consumers are going to behave. Given that, i dont know, guess what kind of, how Many Companies wont be able to hold on . Or what kind of Companies Wont be able to hold on until things reopen and customers come back . Well you know, it is all a question of how healthy these companies are. I mean as i just said, some cfos are conserving crash, credit lines. Healthier companies will be able to survive. Those on the brink will have a hard time doing it. As well we should mention midsized and smaller companies, which really dont have chief Financial Officers opening huge credit lines with banks and such. They pretty much operate on on a cash as is basis especially smaller companies. They are the ones having a hard time sustaining themselves. They are a big part of the economy. We know that melissa. They will have a hard time sustaining themselves if the opening doesnt really start pretty soon. Melissa President Trump is set to announce the members of a new task force tomorrow. The focus there is on reopening the economy. Dan, what do we need to hear from them . What should we expect . Do you think they will give us specifics what theyre looking for in order to reopen it . I suppose we cant really hope for a date . Well, melissa, i would say within the last two hours the white house decided they better come up with some specifics because as we know Governor Andrew Cuomo had a press conference at 2 00 with governors of five other northeastern states in which he said they were proceeding with plans to start thinking about reopening their economies. So that train is leaving the station. You know for a fact that the first question out of those white house reporters mouths is going to be to President Trump, who is in charge . Because Governor Cuomo raised the issue of whether the president , the white house was going to give guidance on the reopening or whether he was going to leave it to the states. Then the president tweeted, that the decision was his. So the question is, what is going to be the content of that decision, how specific will he be about guidelines . They gave guidelines on a lockdown. To what extent are they going to leave some of these decisions up to the states. Well all be looking for clarity from the White House Task force on precisely those issues this afternoon. Melissa is there an irony in the fact that the president this weekend getting a lot of criticism saying that he didnt shut things down quickly enough and out of those same mouths comes the criticism he is not the one that has authority to open things up, which one is it . Is he in control of this whole thing or is he not . He is, you know, the states have certain responsibilities, shaped by the constitution for sure but this is a National Crisis and the president indeed is in a huge leadership position here. He has the cdc behind him. He has got his task force. Theyre the ones supposedly collecting the data about the crisis. The data is going to be very important about how we reopen the economy. And i think you know, the debate over whether he made the call too late or not, look, the prime ministers of virtually every european country made the call too late. The World Health Organization did as well. That is behind us. What is in front of us getting this economy out of its coma and the president has a leadership role to play there. I think the president or Governor Cuomo was suggesting he is willing to take guidance from the federal government if they will provide it. Melissa i dont think it is too dramatic to say lives are being ruined right now by things being closed. There are families who are living right on the edge who need to go back to work so they can buy food. So that they can pay their rent and there are people who have built companies and, you know it has been their whole life savings and their entire dream. Every day theyre getting closer to that going down the drain. Were on needles and pins here, whatever the saying is, dan, really on the edge, what do you think. Well, as Governor Cuomo said when he was asked about the time frame, were talking about weeks. That is precisely right. Were not talking about june or july. Were talking about sometime in the next three or four weeks. The economy, some steps have to be taken, somewhere to start reopening it. And you think it is a big country. 11 states account for most of the coronavirus infections. At least 40 some states that are less pressed by the coronavirus. I think thats at the white houses suggested, county by county basis, out across the country, let some of those less affected states begin to reopen their economies. Melissa yeah. Dan henninger, i look forward to seeing you in person again one day. Thank you for coming on. See you later. Connell all right, melissa. As we await for the briefing talking about at the top of the next hour, numbers were almost two million confirmed covid19 cases worldwide, 1. 9 million plus. 568, 572,000 in the u. S. So that number keeps going up. And we continue to follow from a number of different angles including the trends. Almost 2. 7 million tests have been conducted across this country. That is seen as one of the keys to getting back to work in terms of the economy. Those state leaders dan was talking about, they had a News Conference earlier ahead of the president talking at the top of the next hour. Well follow it for you as we move on here. We talk about new york, the number of total hospitalizations, one of the things Governor Cuomo talked about today is up, went up from yesterday. Overall the number appears to be flattening. Some like to see the trends and trends have been improving, even though 10,000 people have died in new york from cove individual nid. Live from the hospital where things stand. That is coming up. Growing questions from the recovery from the virus and whether it guaranties immunity. We have a toxicologist coming on about the possibility much reef infection. All of reinfection. All of that is still to come. Dont go away. Ive been involved in. Communications in the media for 45 years. 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And now xfi advanced security is free with the xfi gateway, giving you an added layer of network protection, so every device thats connected is protected. Thats a 72 a year value. No one else offers this. Faster speed, coverage, and free advanced security at an unbeatable value with xfinity xfi. Can your internet do that . Melissa saying the worst might be over, Governor Andrew Cuomo meeting with governors of surrounding states about a possibility reopening recovery. David lee miller outside mount sinai hospital with the latest. David lee . Reporter melissa, nothing like this has ever happened before. As you mentioned new york Governor Andrew Cuomo working with governors of five nearby states coming up with a plan to restart the economy. During an unprecedented News Conference this afternoon, cuomo was joined by the governors on the phone of pennsylvania, new jersey, delaware, connecticut. All are democrats but cuomo said this is not a time for partisanship. They will work with officials and come up with a plan to be coordinated with all six states. Cuomo said the states want clarity from the federal government. Challenges the president s assertion that the states have. Seeing how we have responsibility for closing the state down, i think we probably have the primary responsibility for opening it up. Reporter cuomo says he wants recommendations as soon as possible from the five other states but he also stressed, whatever the plan, it has to be smart. He said a regional solution is the best way forward. Throws out a lot of the old rules and the old ways of doing business and the state boundaries mean very little to this virus. Reporter earlier cuomo gave a mixed message about his states battle with the virus although at first suggesting for new york the worst is over, he backtracked to say the curve will not continue to flatten if people grow come place end. On sunday he said 671 new yorkers died from the virus. He called that terrible news but the news from the day before was even worse when there were 758 deaths. Looking at those two metrics, it does appear that the fatality trend is moving downward in the right direction but there is still a great deal of uncertainty about the future. Melissa. Melissa david lee miller, thank you so much for that. Connell . Connell all right, melissa. As we look at all this, we mentioned a few minutes ago were almost at two million cases confirmed of covid19 around the world but even as we learn more about the virus there are still a number of questions. For instance, how many immunity patients have when they recover from the virus . That could be a considered one of the factors putting people back to work. A toxicologist chris martin joins the show to talk about that weve seen places like south korea, there was a lot written last week about people having the virus maybe reactivated or being reinfected. I dont know if that is even possible with a virus whereas we see other e