As georgia swings its restaurant and Movie Theater doors back open right now, we are going to get a realtime ontheground assessment and report from the ceo and cofounder of atlantabased wing zone. The restaurant chain with 90 different franchises. Youve got to hear how hes describing the brand new day here in georgia. But as concert venues and sports arenas remain absolutely shuttered still, whats a Live Entertainment company doing . In his first interview since announcing that it will refund Ticket Holders of concerts that had been postponed due to the coronavirus, live nations president is here. What he needs to see before lifting the curtains back up on concerts around the world. Plus there is breaking news on live nation. The Saudi Sovereign Fund has made a big investment in the company. Its a fox business exclusive. We will hear from joe in just a moment. But a true return to normal really hinges on the search and discovery of a cure for the deadly coronavirus. A new player is a company that is dusting off a longrejected drug that now has the attention of the mayo clinic. Wait until you hear the store of viralclear, what they are doing and how close they are. Less than an hour to the closing bell. Lets start the claman countdown. Liz we have this breaking news. An additional 2 billion is now in the u. S. Kitty for Small Businesses through the Paycheck Protection Program as the second round of funding has kicked off today. Kicked off a couple hours ago, 10 30 a. M. Eastern time. The additional 2 billion in funds come from a number of borrowers who declined or returned the loans that they had already taken. We are talking about shake shack, you had heard about that one, kura shus ashga sushi, we about that well capitalized sushi chain. Both of them heaped with criticism after they took the money that was headed for smaller outfits. The latest death toll from coronavirus stands at 53,922. Check the dow right here. We are up about 368 points right now and looking at certain what we call pop stocks. Jonesing for a new iphone . You have to wait a bit longer, especially if you want that 5g apple phone. The wall street journal is reporting that apple is delaying the production of the 5g devices by about a month as the coronavirus pandemic has put pressure on demand and supply. Apple is flat on the session at 282 and change. Look at beyond meat, snapping a sevenday winning streak after ubs downgraded the plantbased meat maker to sell, citing increased competition, a drop in restaurant volume, of course, as so many are closed, plus its recent runup and of course, as we look at the stock, its running down about 8. 8 at the moment. But it is up nearly 100 over just the past three weeks. On again, off again reports are that tesla has called off plans to call some workers back to its california Vehicle Assembly plant next week. Instead, the electric vehicle car maker will bring them back the day after a local shelter in place order is lifted. When is that . That is may 3rd. Tesla reports, by the way, after the bell on wednesday. The stock is up 9. 5 . Home stocks are in the bulls eye right now. Targets have been cut on home depot and lowes on a disappointing outlook for Home Improvement spending. What happened to everybody who is doing their doityourself things . I was watching the magnolia team. We like them. Chip and joanne. Wayfair shares are spiking as steeple raised its price target on the Home Furnishings retailer despite cutting the stock to a hold from a buy. So lets talk about oil. Oil is dropping. Cant even say slipping. Its plummeting, 24. 6 . Today it closed at 12. 78 a barrel, slightly higher than that in the aftermarket session. But black gold is not the only pressure thats really facing the markets this week. Even though we are in the green at the moment, take a look at some of the big economic events this week. We put together the calendar for you. Feds twoday meeting begins tomorrow. Their statement and News Conference on wednesday. They are expected to keep rates at 0 to. 25 . We will also get a look at First Quarter gdp on wednesday. Youve got many different estimates here but jpmorgan expects it to shrink 9. 9 . Look at this earnings week calendar. The busiest for First Quarter earnings. 12 dow components, 157 s p 500 companies are set to report. Big names like apple, amazon, facebook, microsoft, google parent alpha, alphabet, and tesla. Throw in ge just to name a few others. Wow. Amgen, whirlpool, visa, twitter. Lets get to the floor show traders. Phil flynn, will investors, no matter what the headline, seize on the good news or the bad news . You know, i think you can see by todays Market Action that they want to see some good news. You look at the oil market, thats telling you the global economys in the tank, its saying we will get really, really bad data this week, but look at the stock market. They are looking ahead. They are thinking this situation with growth is going to be transitory and they really are counting on Central Banks around the globe to keep the foot on the accelerator when it comes to stimulus, and that giving them hope stock values will continue to rise. We are seeing that today. Liz except that, you know, when we get First Quarter gdp, i think it is really important that people understand this is rear view mirror looking, but we are still in the throes of this coronavirus freeze for the economy, but there has been a 17. 3 drop in consumption. Anything that people consume, whether it is food, gasoline, anything. So the number is not going to be pretty. Is wednesday a tentative day for you on trade . Well, its got to be because people are going to look at that number, they are going to see the worst numbers since the Great Depression. It may even exceed some Great Depression numbers. You will see the economy at its worst when it really shut down, when everything, when the world stopped, and its going to be ugly. When they see that number, its going to scare a lot of people. But i think you have to have a lot of confidence that we are already seeing a lot of these economies start to reopen. We got the news out of japan overnight which was giving the market a bit of a boost that they are on unlimited qe and Central Banks around the globe i think are taking aggressive action to get us through this. I know that we are going to get through this. I really believe it. There is going to be a happy ending to this terrible story, and i think the stock market is at least signaling that to a large degree. Liz do we have scott redler on the phone . Scott, im very interested in your thought on this, because this is such a psychologically sensitive market, depending on the headlines. Today, it just feels like a brand new week, you have georgia reopening, that will be highly scrutinized, obviously, but tell me what you are really specifically looking at and gauging, especially considering we are getting names like apples earnings and these are market benchmarks and they do tend to move entire sectors. On the phone yes. We have the generals of the market reporting this week. Like phil said before, the market kind of looks past the rear view mirror. Right now, the market is focusing on business reopening, how are states reopening, how soon. Sometimes we know what we know and we try to figure out what we dont know. We dont know how fast business is going to bounce back. Right now, its all sentiment and at this point, every time like the claims came out which were historically horrendous, the market rallied on those days. Although on wednesday, the gdp is going to be historically horrendous number, its going to be how the market responds to reality and with the reports coming out its going to be very important. Netflix reported last quarter, that was one of the stayhome gems and it didnt do anything because it went too far, too fast and hasnt rallied since. Traders will be looking to see if a company like amazon thats supposed to be benefiting the most from this situation, if they cant rally on a great report, its showing you limited upside and the generals [ inaudible ] the reality really hits on this quarter and they guide lower, i think people trying to figure out what will apple do. Will they put thecut their buy raise their dividend . Apple is an unknown. We will watch very closely to see what they do. Are they going to be super conservative or are they coming out with the optimistic approach to keep everybody, you know, in line. Liz considering they were the first to warn, i think they are pretty even and honest, lets hope, on exactly what they are seeing, good, bad or ugly. Gentlemen, thank you very much. Phil flynn, scott redler. We are looking at 50 minutes before the closing bell rings. The dow is really only 15 points away from its session high at the moment. A lot of good will and good feeling at the moment but General Motors cutting the ignition on its dividend and buyback programs on an effort to preserve cash during the covid19 pandemic. Shares are up 2 , shaking off Early Morning sting of the news. Of course, gm is just one of the many tightening its belt when it comes to companies but the outbreak is giving one biopharma, you ready, failed drug a Second Chance at success. Up next, how one left for dead antiviral treatment is now being brought to the forefront of the coronavirus fight. The ceo is viralclear is here next. So i listen to audible almost any time that i can. 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Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. Liz well, look, a lot of Drug Companies are trying a lot of different things, but right now, we have dashed hopes that regeneron and sanofi. The testing of a Rheumatoid Arthritis drug they had collaborated on and repurposed to test on coronavirus patients, well, its been scaled back after initial trials showed it benefited only the very critically ill coronavirus patients versus those with slightly milder symptoms. But you know what, sometimes in pharma world, when one door closes, another one or maybe just a window opens. Viralclear pharmaceuticals, a subsidiary of biosync technologies, the stock is down 1. 5 , it is planning to run Clinical Trials on a molecule that was originally developed for the treatment of hepatitis c and also psoriasis but had been shelved after failing its hepc study. That droug is now showing cultures, real promise in cell cultures against covid19. So much so the mayo clinic plans critical trials for the orally administered drug and that will be relatively soon. We are happy to bring in ceo nick spring, who joins us live. Welcome. This is certainly encouraging. How did it come about that you turned to this old arthritis drug that was rejected a decade ago as a possible answer to covid19 . Good afternoon, liz. Actually, its not an old arthritis drug, its actually an antiviral drug. So the reason we went after this was that a few weeks ago, i got a call and i was asked by dr. Jerry zeldis, one of the cofounders, asking if i would be interested in helping with the covid crisis. The drug is oral which is very good, and its been effective against very fast replicating viruses, such as covid19. That was one thing. The second point was that because it had already been through a number of phase one and phase two trials, as they are called, and actually tested on 400 human subjects, you know, check the box to be safe and that looked very good. Then as you referred to already, the drug had been tested in cell cultures and there had been shown to reduce covid viruses by over 90 . More recently, a trial we did showed it reduced the culture itself by 98 . It was fantastic. Lastly, we felt that [ inaudible ]. Liz im thrilled, because the sooner, the better. But um im so interested to kno what specifically it was against the sort of you call it the drugs mechanism of action that made you think this will work . Is it simply that it was an antiviral . But there are a lot of antivirals out there. What was it specifically about this one . Oh, thats a very good question. So there were three major things. Firstly, the mechanism of action is it actually works on the host side of the situation. It stops the virus actually replicating. It interrupts the process and therefore the virus is starved of its essential pace for making rna which is essential for viruses. Thats one reason. The other reason we liked it a lot is the fact its oral, which means its very easy to give. A number of other drugs out there are ivs and injection. The third thing we really, really liked about it is it has a dual mode of action. It not only is a very broad antiviral, but its also caused an immunomodulatory drug which means it stops inflammation. When people ill with covid, they arent necessarily dying of the virus directly, but they are dying of or getting very ill over the side effects of the bodys reaction to the virus. Liz just tell me really quickly, when do you begin human trials . Im really pushing this along because we are all excited about it, at the mayo clinic. Right. Yes. So we started on this project six weeks ago and we have moved fast. In fact, one of our mottos is focus and speed. Theres three major founders between us with over a hundred years worth of experience. We have been able to jump into this. We actually sorted out supplies of the product itself, we sorted out the protocols for the actual Clinical Trials and we have submitted the other day the new drug application which means we should be into the clinics in the next few weeks, once the fda files that application. Its very very quick indeed. We should be treating real patients really soon in three of the mayo clinics centers. Liz will you come, please, and join us again in a couple of weeks to give us an update . This is extraordinarily important. Thank you so much. Thank you very much indeed for your time. Liz nick spring is to me a real hero because he has done many, many things. Came from merck, you know, he was behind the wildly successful launch of the hpv vaccine gardasil and many other drugs. Congratulations. Keep us posted. Georgia is taking the plunge and allowing doors to reopen, albeit very slowly. We are at session highs right now. Look at the dow, up 402 points right now, with 40 minutes to go before the closing bell. Atlantabased wing zone, winging its way through the pandemic and reopening fears right now that with the nfl already preparing for worst Case Scenarios for the Upcoming Season and mlb still on hold, could the football food favorite still find itself outside the end zone . The ceo Matt Friedman on surviving the coronavirus game of chicken, next. Z i came across sofi and it was the best decision of my life. I feel cared about as a member. Were getting a super competitive Interest Rate on our money. Were able to invest through the same exact platform. I really liked that they didnt have any hidden or extra fees. Sofi has brought me peace of mind. Truly thank you for helping me prepare for whatever the future has in store. Heres the thing about managing for your business. S when youve got public clouds, and private clouds, and hybrid clouds things can get a bit cloudy for you. But now, theres the Dell Technologies cloud, powered by vmware. A single hub for a consistent operating experience across all your clouds. That should clear things up. And sometimes, you can find yourself heading in a new direction. But when youre with fidelity, a partner who makes sure every step is clear, theres nothing to stop you from moving forward. Liz the small and midcaps are on fire. Look at the russell 2000. It is up more than 4. 5 right now and the russell 1000 is up 1. 8 which beats the gains we are seeing for the s p, the nasdaq and the dow, which are all up 1 plus. We just wanted to mention that. We know there are a lot of Small Businesses out there that are publicly traded. All right. Georgia. Ge