Market gaining ground after the president signed the 484 billion tumulus bill into law, this provides billions in aid to Small Businesses, hospitals and a lot more small loans to start rolling out monday. He said he wants to help the oil and gas industry. One company is in the middle of the pandemic is biomed, this is the nations biggest independent reducer of ventilators. We are going to talk exclusively the ceo of companies lifesaving equipment being used in the cova 19th battle. Last night nfl draft, not without its usual fans, we both tell you how they are raising money to end the coronavirus pandemic. Less than an hour to the closing bell, lets start the countdown. We begin with breaking news right now, once again, we are looking at the white house, live pictures there. The president mean at any moment with nasa officials. About their contribution to the fight against the coronavirus crisis, including a new ventilator designed from nasa. We will take you there when we get that in a few moments in the white house. Meanwhile, a lot of things happening in the market today into the economy. Workstudy operator draft, looking at. Now, big day for this company. A public debut under the dk energy from this debuted after they merged with Blank Check Company diamond eagle, they began trading despite the lack of wide sporting events, trading higher by a little more than 9 right now. Another start, jcpenney. Twentyfour cents right now, its incredible. This is a sad story. The retail is going for bankruptcy of filing, this is after Interest Payments of bonds and jcpenney is in a lot of trouble and affects the Retail Sector in general as we talk about the network as you can see, 24 cents a share on jcpenney. Lets look at dow and boeing, this stock is lower on a report that the return about 737 max may be delayed until late summer, early fall, it could be august. Another report that they are planning to announce a cut to the production of the reminder. That report, boeing and 737 fax we will have to see what happe happens. Stock is down more than 5 right now. Moving on, lets talk about intel dragging down the dow, they missed wall street expectations for the Second Quarter after the bath last night. Was drawn for your forecast due to the coronavirus pandemic. It talked about the reporter, they just didnt give any comment at all. Stock is down recorders of a percent right now. Fiftyeight, 59th on intel and this is facebook, this is probably a smart move by the company, they are entering the video chat worse by announcing video calling features, messenger rooms are going to allow social media giant users to create group video calls about 250 people. Zoom call, it is. Stock is up two and a half right now. This comes as their rival, zoom, hit a new high today. You cant go to that yet but i want you to look at zoom right now. It was higher earlier, its down right now. We are watching zoom, part of the story could be the Facebook News again, more competition in the video chat space as everybody is at home as you probably are right now watching this show. A short while ago, President Trump signed the payment protection program. Healthcare enhancement act, there is a big ceremony in the oval office today, during his opening remarks, the president said he spoke with apple ceo tim cook who says he expects of vshaped recovery, once the economy is back up and running. Just this morning, Economic Council director, larry kudlow talked to bonnie and he said he thinks going to be you shape the recovery. Very funny. Thats the . How are we going to recover . All of that was before we got this blockbuster report, which came up this afternoon. It says to expect a sharp contraction for this quarter, q2 declined by about 12 , equivalent to a decline of annual rate of 40 for the quarter. This could have been worse, more negative predictions for the Second Quarter but 12 . Lets bring in our traders, tim anderson from who you agree with . Of v, a you, what you think . I will just get alphabet soup, it looks like a you are of the but i think it can be of the recovery, the four victory over coronavirus. As i hope for. I think it can be done, if you look at the chart looks like a v, we just need help in the resistance. They are signaling thats what its going to be. I havent included the formation. It could turn out to be more of a long, drawnout movie that could look like a you if we get back news on the virus. The market seems to be looking at the stimulus package today, its looking at the potential in the economy and i think it can be a v shape as long as we dont have any setbacks with the buyers. We slowly start reopening the economy, stocks are going to look ahead they will get excited about the Great American comeback, which will come after this virus. We are in the middle of earning season, its up for debate. We are trying to get guidance from companies from we didnt get anything from intel class type. Technology companies coming up next week, Everyone Wants to know what these ceos are seeing, they are not giving us anything except to say we are cutting dividends. We have an uncertain environment, weve got a pop up warning, the news is not good and get the markets continue like today, to stay positive. You have to ask the question here, are we to positive . Is this Wishful Thinking on the part of Market Participants . Phil i think companies are doing the right thing by withdrawing their entire guidance for the remainder of this year because theres so much uncertainty as to how we come out of this that its just a guessing game. She earlier question, we have had a vshaped recovery in the stock market next line back about half of what the decline was from when we made new highs in february to the march 23] that we are stalling a little bit, trying to see if we can stabilize those gains weve already had. Does that mean we will have of vshaped recovery in the economy . I think for the first half of it, that makes sense but there will be ten challenges to get back much closer to where we were before any of that, any of this took place. I think most investors are scrapping any Economic Projections or forecasts for this year as well as corporate earnings projections. Theres too many uncertainties, too much of a guessing game. Melissa what did you make of the president s comments this afternoon about helping the oil and gas industry . Phil is a vital industry for this company, it creates a lot of highpaying jobs and i guarantee you, i know theres highlevel talks going on right now to do exactly that. We cant let our Energy Industry get destroyed by the coronavirus, it vital for this country and its vital for our national security. I think theyre going to do something serious and you will hear about it soon. Melissa we hope so. Thank you very much. Great to have you, as always. I want to look at the big board as we round out the week, were probably going to have losses for the week but we are looking at numbers right now, up 200 on your screen right now. We are watching the dow for you, also this. Johnson johnson teaming up with narcan distributor, Emergent Biosolutions to manufacture j j potential covid19 vaccine. 135 milliondollar deals to use manufacturing plant, stock almost eight and a half . J j slightly lower, about a half a percent right now. Coming up next, the number one supplier of ventilators. In the united states, biomed. Ceo this year, we are going to ask him. Hes breathing a sigh of relief that this product helping flatten the curve in this country. Claimant countdown coming right back. You doing okay . Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Liz breaking this hour, President Trump meeting with nasa leadership at the white house after researchers at nasa developed a highpressure ventilator for treating coronavirus patients, they developed it and just 37 days. The icon school of medicine at mount sinai here in new york city is reportedly pleased with the results after the ventilator for the site successful wide variety of simulated positions. But nasa has a competition from our next guest, ceo of the largest this Company Provides respiratory service to patient struggling with various respiratory diseases, including chronic extractive pulmonary disease, copd. We want to welcome in ceo casey white. Thank you for being here. I want to get your reaction to this nasa use that nasa automakers, everyone seems to try to produce ventilators, not sure its the competition make were you but you do you worry ventilators, because they are being made so quickly going to be as effective as your ventilators which have been around for years and years . Casey we are an independent distributor, we have multiple different manufacturers. I think its fantastic that the country is inspiring nasa to build another ventilator. We need Companies Like ford motor and tesla to step up and build ventilator patients who are ultimately the winners in this. Liz if youre working with, obviously youre trying to get the distribution standpoint, youre trying to get ventilators to the hotspots, new york, louisiana, illinois, what are you hearing from the states right now . You feel the supply is at least adequate for now . Are the cities or states telling you they are concerned will need for supply . Casey five to six weeks ago, we started with the hotspots, our estate is louisiana so we focused on making sure louisiana had what they needed, we quickly transitioned to the state of new york who appeared to be in need. Anybody needed them in a short period of time, if we have access, we distribute to them. With also been able to help through our clinicians out in the field, we have a network of respiratory therapists who know how to work these different types of ventilators. What we did is we went and created a youtube channel, found on w ww. Biomet. Com and we film short videos of educational resource for any Hospital System in our state disturbing to, just to brush up on their skills. Liz want to ask you about, the group here im sure you know in new york, there was a troubling report that came out earlier today by the fact that most of the patients, the majority put on the ventilators did not survive. Is that normal in a regular environment . Is a because of the coronavirus that these patients waited, they are not recovering not saying is all but 88 . One hospital group. Can you give us some context on those numbers . Casey the early signs about the things we were hearing from the clinicians, debate early. That appeared to shift later on so we saw devices like sleep apnea devices such as a bypass machine that was being used before they got severe and after they got severe. So im not to say if what they were doing was right or wrong for everybody is in lets figure it out mode. Thats kind of where we came in as a company, we knew how to work these different types of ventilators so folks are used to having one or two to deal with and now they have eight to ten. Liz there was a interesting report released today, i talked to doctors around the world about the issue of ventilating these patients. At the beginning of the pandemic, they were quick to debate. Now looking back, theyre kind of trying, they are making more specific decisions in regard to each patient because they dont want to integrate, their finding is not as effective. Can you respond to that. Casey these things are hard want to because we dont have any Clinical Trials to go off of. This is a pandemic that hit us very quickly. We were just trying to share information, gather information from china, which we knew was a challenge. We did the best we could do with respiratory therapists, its hard to say, even right now if that was something we should have done or shouldnt have done. Liz people are still sick out there, its a question we have to ask. This pandemic continues with so many people still so sick. Thank you very much for joining us. Its interesting and good luck to you and your clinicians as well in the field. Casey thanks for having me. Liz lets look at the big board right now, weve got a market that, going to call it the cp affect, where up to 12 right now. Cp affect. We got a lot more coming up. Football, bangles fanned cheering for selection of quarterback joe, the first pick in last night nfl draft and while the annual event went virtual, it was not without its usual booze from the commissioner. Who set up the blue birds. Despite the coronavirus outbreak, also a good cause coming up on the claimant countdown. I will miss the interaction i had with our fans over these three days. Tradition, one that i genuinely enjoy. Lets hear from you right now. Come on, you can do better than that. Come on, lets go. You could do better than that. Keep it coming. Even the virtual booze are good. Liz they kept it coming. The nfl draft kicking off virtually last night. It looked very different with everyone walking in from home but the dedicated fans can still take part in one of the most notable traditions of the draft, doing this commission appointed as part of a social Media Campaign to raise money for covid19 relief efforts. Under the boo the commission. Bush said they will tony 1 dollar for every video posted, up to 500,000 through tomorrow. The draft is still going. The partnership for beer ann coulter at anaheim bush, thank you for being here. I guess we should go ahead, the cats out of the bag, but light and nfl partnered to make this fundraising campaign. Where did the idea come from . Like any idea within our organization, its a team effort. We really saw the conversation on social media around the disappointment and the addition of the commissioner. What we were able to do is come up with a virtual way to boot the commission with and we took some of the actual booze submitted and laid them over last night with the draft. We are able to help. Liz again, you are watching roger, he obviously played along with all of it and again, for good cause. Where is the money going to go once the initial Fundraising Efforts are done . The nfl draft is in a three day program theyve been living with hundreds of athletes and celebrities they have a series of partners from the red cross or going to then use these resources to hopefully help reinvigorate the lives of some of the people impacted by covid19. Liz how many videos have been posted . The number of videos, their stuff tracking, they are coming in every way day. We are over 40000 as of last night. It continues to build. We will run this campaign through saturday in hopes of reaching our goal of 500,000. Liz probably the high ratings last night cap as well. You are one of the biggest sponsors of the National Football league. We know with reports, people have been at home and drinking a lot of liquor and im assuming a lot of beer but how are things right now . Your company is operating differently now. The covid19 has taken a toll on a lot of industries, ours included. The only thing its done is its made us agile and nimble. We constantly have to pivot how our market changes, thoughts the fact that we no longer have bars and restaurants so what we are looking at now is ecommerce as a new channel and ramping up efforts and supply chains for people at Grocery Stores and convenience stores. Liz ive got to say, we needed some football, a little bit of levity in the middle of all this so thank you very much for the idea to you and your marketing team. Its all for good cause. Thank you. Look at the markets, we are hitting session highs and lets bring in lauren. Nestle having a sweet day, sales are popping 7. 4 . During the march quarter on high demand for human and pet brands. Also rearranging annual fourth won this money. Cruise lines dropping in for even longer, extending current cancellations through june 30 because of the coronavirus pandemic. The crews giant this hour, adding to nearly 81 loss since the start of the year. United airlines mandating flight attendants where facemasks on all flights starting today. The flight attendants start urging government officials to urge an order requiring all passengers where facemasks as well. United facing 11 drop for the week as we head into the close. Coming up next, by Artificial Intelligence might be the key to keeping the Food Supply Chain going on lockdown during the covid19 outbreak. That next on the claman countdown. 151, nations process forced to shut off. They said they are going to suspend operations at its illinois facility until further notice after a portion of at 1700 employees there tested positive for covid19. That. Joined the Processing Plant in waterloo iowa is the nations supply chain issues come into sharp focus. A Company Called jampacked works with countries across various sectors to protect spikes and demand and keep the supply chain smoothly running. Crimes include both my joining us now is the ceo, tiger. Thank you for being here. I realize you dont work with the Meat Processing industry but i want to ask you because this is the nations food supply, it is critical. It seems to be crumbling because of the virus. If you were advising the meat industry, how do you think you could help them . Tiger thank you again and Meat Processing producers, specifically, we look at a number of consumer goods, retail, grocery staple food manufacturing. The key here is the supply, manufacturers of life and how you protect demand . The key here is, how do you use ai to predict and our models, they are wrong. That some of the work we do and a lot of our clients today really need that in order to be able to have a job because of