Countrys seniors. We will bring you all those breaking headlines as soon as we have them. But well kick it off with fox Business Team coverage. Blake burman with the latest from the white house and Lauren Simonetti is watching the markets. Lets start with lauren. Hey, melissa you started talking about the disconnect between the Economic Data coming in and where market is headed. There was a selloff, the dow, s p 500 and nasdaq lower. But if you look at the month of april, the dow and the s p are looking at their best month since 1987. If you take a look at the nasdaq, its best month since 2001. It is only down for the year by 1. 1 . Why . Big tech coming in a big way this year. Lets take a look at these companies. Theyre 38 of the nasdaq. Facebook was the best performer in the nasdaq. Ad sales are stablizing. Amazon closing at a record high. These companies, amazon, apple, reporting momentarily. Health care was another bright spot today. Gilead is very close to getting fda approval for the remdesivir coronavirus drug. That stock up 1 . J. Crew just filed for bankruptcy. We got Consumer Spending data for the month of march, worst monthly drop weve ever seen. Consumers are pulling back. Look at this, with the j. Crew news for retail rut, gap down 10 today. Macys down 3 1 2 . But, melissa, they said on monday theyre reopening 68 of our stores in some states that have reopened their economies as best as they can, melissa. Melissa that is really staggering. J. Crew filing for bankruptcy, you know having been such a hot brand. It really shows you the times right now. Let me ask you because were looking ahead, obviously we have a lot of big earnings on deck, looking at apple, what are some of the things youre looking for in that report or you expect . Apple will be a big one because theyre holding so much cash on hand. They have such a big presence in china, melissa. So were waiting those numbers any minute. Melissa okay. All right. Lets go to connell. He has fox business alert. Amazon reporting their results. Go ahead, connell. Connell better than expected sales, melissa is the first thing i would say for amazon. The stock is selling off. Some might have to do with the outlook i will get to in a moment. Earnings for the last quarter, which were at 5. 01. Either way that is well below estimates. Still looking through that to see if there is some accounting adjustment we need to make but for the moment that would look like that would be a miss on eps. Revenues better than expected. Stock sales up. For the next quarter amazon says the sales will be between 57 and 81 billion which wouldnt be bad at all. Estimate is 78 billion is the right around the mid point of that. It is having a tough time forecasting where its profit will land. It could go anywhere losing 1 1 2 dollars to making a 1 1 2 billion dollars in the next quarter. The economy is a disaster, but amazon taking advantage of us staying at home. There is a tremendous surge for the business. To put this in a little bit of perspective, the stock pulling back a little bit, melissa, is not a huge deal. It closed at an alltime high when we closed out the session. It is down 3 1 2, 4 . Earnings look a little light. Well come back with more details. Revenue last quarter was better than expected. These are considering where amazon is, pretty High Expectations at least in this world. More to come but back to you for now. Melissa thank you for that. Gary b. Smith is with us, kadena group president. He is also a fox news contributor. And Lance Ulanoff, live wire. Com editorinchief. Gary b. , let me start with you. It was priced to perfection at the end of the trading today. They had to blow the doors off to hang on to that. Looks like a good quarter. Obviously were sorting through the eps numbers. That could be a big miss. There might be something in there were looking for. What do you think about that kind of a forecast for the next quarter . I dont know if it is really a forecast when you have such a wide range, losing or gaining 1. 5 billion . In 60 seconds connell was talking he did a terrific job kind of summing up where amazon is. They dont know. They dont know, i mean it has been obviously, probably every single one ever us has either used or tried to use amazon to order products, not to mention the services which of course is a big part. We have so many people unemployed now it is tough to say. They will affected by Consumer Spending, whether it is a, bricks and mortar or theyre amazon it is going to come down. What theyre saying is, we dont know. Were still the goto place especially with social distancing but, you know, it is tough to tell. I think though any investor needs to say, one, this is probably a sell on the news, and two, if there ever is going to be a company that is going to survive both because of their presence, both because much their services, both because weve seen them grow during this crisis over the last six weeks or so, it is amazon. I would say this is a buy and hold for at least my lifetime. Melissa lance, you know, it is interesting, on one hand they have been the most Innovative Company over time. I mean, in a class with maybe netflix where they started out delivering books and now jeff bezos just has that magic vision for what is the next thing. I mean i remember when i interviewed him, he told me well all be reading on electronic devices, im like thats crazy. No one is going to do that. Obviously im great foretelling the future. Then he was moving to the cloud before people knew what that was. At the same time, during this crisis, gary b. Made a great point, we all tried to order amazon, i was a amazon devoteee dug strelled to use the service at all because they have been hammered with new business. Do they lose some, some people go out there, they try other things because theyre so crowded. What is your overall take . Key word here is uncertainty. We really dont know exactly what is going to happen with amazon Going Forward because as you said, the business even though it is strong, theyre delivering a lot of stuff its changed. What people are ordering or trying to order are necessities. Theyre struggling with that. Theyre dealing with the fact, oh, twoday ship something not twoday shipping anymore. People understand because of things going on. Even in the business itself, theyre transforming themselves just to stay healthy. If you think about these plants, there are robots, doing something. There is a lot of workers. They have been implementing all sorts of strategies to keep people healthy and working at the same time. Those do not come cheap. They will continue to spend money on that in the coming months. It is hard for me to conceptualize, what is trajectory of the business . No one will walk away from amazon, no one wilson otherrerring from them but how they will maintain, keep the business going in the age of the pandemic, we dont know exactly what direction it is going and how safe for the factory workers and amazon trying hard to make it all work. Im not surprised they did well, the quarter just passed, only part reflects the reality of this current situation. I think future quarters will be much more littlelous interest tiff of what is actually happening illustrative. Melissa the range on what profit is going to be, you dont know the costs, that is the point youre making. You dont know what it will cost you to have people do these things, ship these things. Good problem to have, i guess. It is a lot of business. Stand by, guys, thank you so much. Connell, back over to you. Connell i will add one more thing what you guys talking about outlook for amazon. We have breaking results coming out for visa. That is about that outlook. To put it in perspective what amazon said in a normal Second Quarter of the year they would expect to have operating profit of somewhere 4 billion, somewhere around 4 billion but in this environment they say we could lose one 1 2 billion or maybe well make a profit of one 1 2 billion. That is the range theyre giving. They say if it was normal, if we werent going through what were going through now, we would have a four billion dollar profit. That is kind of perspective amazon gives us. To the breaking results from visa. The Credit Card Company out with better than expected and revenue for the last quarter. Dollar 39 a share and 5. 98, almost 6 billion in revenue, both better than expected. Stock not moving much. Yesterday mastercard reported betterthanexpected profit. Payment is up 5 at visa. A surge in number of transactions processed by visa. Maybe a lot of people using the visa card to shop on amazon. More Earnings Results when we get them. Were bracing for another highstakes report later in the hour. That one would be apple. It is reporting the quarterly numbers, if history any guide, bottom of the hour when the tech giant comes out with a report that certainly could be impacted in a big way by the pandemic all around the world for apple. As soon as we get numb betters well have them and the reaction for apple. So those are coming. Then a rare joint appearance, governor of new york andrew cuomo and the mayor bill de blasio, briefing reporters on a plan to safely reopen this states economy. This was earlier today. The new effort includes Contact Tracing and sanitizing of Public Transportation which has been an issue the governor has brought up a lot this week. It requires the subway system and city to be shut down from 1 00 in the morning to 5 00 in the morning during the pandemic to clean out subway cars at least once every 24 hours. More coverage on the pandemic. More coverage when we continue. Well be back. I dont want any trade minimums. Yeah, i totally agree, they dont have any of those. I want to know what im paying upfront. Yes, absolutely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. Now offering zero commissions on online trades. We charge you less so you have more to invest. Avoid sick people. And touching your face. There are everyday actions to help prevent the spread of respiratory diseases. Visit cdc. Gov covid19. Brought to you by the National Association of broadcasters and this station. And wells fargo employees are finding ways to do our part. Need help like never before by helping people stay in their homes, through mortgage Payment Relief efforts. Helping local businesses in their vital role in the American Economy. And helping hundreds of local organizations provide food and other critical needs. When you need us, wells fargo is here to help. So were working 24 7 toected maintain a reliable network, 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. Connell fox business alert from washington. President trump is at the white house. About to get going with an event where he calls on the america to protect the nations Senior Citizens from the covid19. Blake burman monitoring all things Trump Administration and joins us with the latest. Reporter hi, there, connell. As we look forward to what the next potential relief measure could look like im told by white house officials earlier today, the plan might not come this week. May be next week. Meetings are occurring between the president and economic team. Officials note how federal money is has not been spent. They want to monitor the pp loan burn rate. They want to see what happens when the states begin to reopen. One Top White House economist said earlier this morning when the april figures reveal next friday, that number should be around 19 . When asked about that number be President Trump chose to look ahead at the end of the year. And point the finger at china what happened in the beginning of the year. I think well have a great third quarter. That will be a transition. So when i say great, i think the transition will be really terrific. Well take it into the fourth. I think well have potentially a great fourth quarter. I view what we have now obviously a period of, here we are. It is what it is. We just got hit by a vicious virus that should have never been allowed to escape china. Reporter you mentioned that event. The president is set to host an event momentarily about protecting the countrys seniors, who are as we know most vulnerable to covid19. Connell, melissa, you have a host of news. Let me leave you with this. The video of the Vice President earlier today. Remember he went to the mayo clinic on tuesday and didnt wear a mask. He received criticism on that. Vice president left side when he went to gm, Vice President showed up with a mask. Back to you. Connell there you go. They say wear a mask, wear a mask. Blake burman, thank you. Melissa facing bipartisan backlash. Lawmakers are demanding answers from cal Gavin Gavin Newsom over a quiet one billion dollar mask deal with a chinese company. That is coming up next. A look at amazon down afterhours after big miss on firstquarter earnings and beat on revenue. The ecommerce giant spent more hiring workers and increase in pay and a surge of on line shopping during the pandemic. One. You always drive this slow . How did you make someone i love . That must be why youre always so late. I do not speed. And thats saving me cash with drivewise. My son, he did say that you were the safe option. And thats the nicest thing you ever said to me. So get allstate. Stop bossing. Where good drivers save 40 for avoiding mayhem, like me. This is my sons favorite color, you should try it. [mayhem] you always drive like an old lady . [tina] youre an old lady. Why accept it frompt an incompyour allergy pills . E else. Flonase sensimist. Nothing stronger. Nothing gentler. Nothing lasts longer. Flonase sensimist. 24 hour nondrowsy allergy relief. Melissa questionable deal made across the pacific. California governor gavin newsom agreeing to spend a billion dollars of taxpayer money to buy maybe 500 Million Masks from byd, a chinese automaker backed by warren buffett. The first shipment of just 3 Million Masks arriving in the state this past weekend. Here now is bill mcgurn of the wall street journal. He is a columnist and contributor. Here are the facts we know to date. The state so far has wired 600 million to the company. They have received only 3 Million Masks. Theyre not even the n95 according to reports. Theyre just regular old surgery masks. This company promised they could make five million a day somehow, even before they were making electric cars. They have only put out three million. And you know, for the record 3m makes about three million a day. What do you make of this like this. Some in europe are complaining when they get goods from china say, the most troubling thing is the secrecy. Tell us why you made the deal, when you made the deal, what the pricing was. Today on amazon theyre offering a pack of 50 masks for 38. So clearly looks like china way overpaid. The question were they overpaying when they ordered . You know, when the masks, masks became mandatory in my state, did it overnight. I had no idea where to get them. I had friends from overseas sending them n they probably paid a premium price for panicking, doing it a month ago than they would if they had did it today. Plus all uncertainty about the production. We do have in the u. S. , shipments of goods made here being intercepted by fema, directed elsewhere. So it just seems like a mess. But the real way to handle it is to be open about when they made the contract and why. Melissa it lists bizarre that, you know, he took the word of a company that doesnt make masks, that makes electric cars. They said they were going to do a better job, a faster job of producing these masks than the largest mask maker here in the u. S. And we didnt have any details how were they going to turn the car company. A lot of Car Companies here were saying that they were going to turn to other production. Right. Melissa but these guys were promised to do it even, even better than people who actually make masks. Based on that, they sent money overseas. I mean that is really, what i would be like, i dont know if you can really do that. You know, when it gets here i will pay you. Right. Melissa today, they dont have masks to show for this. They have three Million Masks that arent good kind everybody is looking for. Melissa, i lived in hong kong for 10 years. The amount of people who trusted china to deliver something at the time they said at the price they said would have been gypped, would be would stretch around this country. So it does seem, could be just another china rip off. Melissa yeah. Bill mcgurn, thank you for that. Connell. Connell we have a few minutes to go until the huge Earnings Report comes out from apple. Trading ahead of its numbers. Almost like a economic report some ways. We can learn so much from apple, first time reporting of the outbreak hit us here in the United States. Comes as hundreds of Apple Stores Close around the world. As campus life remains at a stand still well look at how colleges are preparing for big changes no matter what in the fall. Cashing in on a growing trend. Chikfila is rolling out a 15dollar meal kit as millions of americans eat at home. Starting monday, the customers can order chicken parmigana kit, for two servings for delivery or pick up at participating locations of chikfila. How about that . This is an athlete, twenty reps deep, sprinting past every leak in our softest, smoothest fabric. Shes confident, protected, her strength respected. Depend. The only thing stronger than us, is you. Ibut that doesnt mean ayoure in