You can bet on that. Look at markets right now. We actually come back about 80 points. Stocks rebounded today, about midday on hopes of a vaccine this year. That is coming to the president as he departed the white house for pennsylvania. Despite what we to the this morning which was more grim jobs data. Three million more americans filing for Unemployment Benefits last week. Why the bounceback . We have our market analysts to give their analysis. Some of that is the banks. Summer camps being faced with a decision to open with restrictions or stay closed, leaving many working parents in limbo. What is the cdc recommending . We have a lot more breaking throughout the hour on making money. Cheryl all right. Just a moment ago we were showing you, neil was showing you live pictures. The president is on his way to tour this medical equipment distributor just outside of allentown, pennsylvania. They make gowns, they make masks there but this trip today for him was not before he sat down with our own Maria Bartiromo and fox business. He said that he could cut off the u. S. Relationship with china. I want to bring in blake burman more what is going on in white house and now in pennsylvania. Blake. Reporter hi, there, cheryl. Two big headlines coming out of the president and out of the white house today as it relates to youre right, both china and possible development of a vaccine. Lets start there. Because as the president was leaving the white house just a little while ago for this manufacturing facility, owens and minor, which by the way heavily involved in the buildup of ppe and sending it all around the country and distributing it, pretty important comment. Senior Administration Officials earlier this morning they say that they will try to build up the National Stockpile going forward. Here are their ideas as what they want to see happening in the upcoming weeks into months. Senior Administration Officials say there will be 300 Million Masks within 90 days, 6 to 7 million gowns eventually and millions of liters of Critical Care drugs by the fall. Here is the comment. The president left the white house. He continued to talk up the idea of a vaccine by years end and teased announcement how the military would be involved in distribution. Listen. We were given very little when we came in to this administration. They have done a fantastic job. I think were going to have a vaccine by the end of the year. I think distribution will take place almost simultaneously because weve geared up the military and you will see that tomorrow. Reporter that was Market Reaction to the upside. Market reaction to the downside earlier today because the president is also maintaining the possibility of further distancing the relationship between the u. S. And china, telling Maria Bartiromo that he doesnt think now is the right time to talk to the chinese president xi xinping and even suggested that he could scrap the economic relationship. Right now i dont want to speak to him. I dont want to speak to him. Because you know, senator cotton was saying maybe we should be limiting to amount of veeses that we give to want to study things like quantum come computing and a. I. There are many things we could do. We could cut off the whole relationship. If you did what would happen . You would save 500 billion, if you cut off the whole relationship. Reporter you have the president there talking about potentially cutting off the relationship with china. Well hear from him with this ppe Distribution Center which really ramped up production. Officials talking about hundreds of millions of masks. It goes hand in hand of the u. S. Relationship with China Building out supply chains not overseas but back here at home. Cheryl that facility to your point, blake, actually supplies the new york area, parts of boston where we really needed those supplies so desperately over the last two months. Blake burman a lot to cover. Great job from you blake. We have questions about the president s ideas. He wants to punish china from the pandemic. Is that enough to deal with the chinese. We want to bring in trump Economic Advisor and steve moore. Great to see you, steve. Good to see you. Cheryl he had this exclusive sitdown with maria this morning. He talked about his displeasure with china. He hasnt spoken to president xi xinping. He doesnt want to speak to him right now. Chinese companies that list in this country, maybe they should be held to u. S. Accounting standards. A lot to go through. Your thoughts . Mile initial thought is that President Trump has been right all along with china. We can no longer treat china if that they are a friend or ally. They have really become in many ways very adversarial to the economic and security interests of the United States and the attitude that trump has had about china is now reflected broadly by the american people. Republicans and democrats are extremely angry at china for their sinister behavior in the early months of this year where they hid from the american people, people around the world about how dangerous this virus was. I think china by the way i think one of the things that really annoyed the white house i talked to some of my sources over there, that china is completely unrepentant about the whole Coronavirus Crisis and basically trying to cover up their role instead of coming forward with a plan to help. They will have to pay some sort of reparations to the United States and will see more tariffs and other measures that will be punitive. Cheryl are you worried, steve . Chinese hold more than a trillion dollars of u. S. Debt. Do you worry about that. Well, i dont know if well play that card or not but lets say that china, i know the white house, many economists said well never do anything about that debt. Well always honor it, but if china, if we come to the conclusion that they say, oh, i will throw out a number, half a trillion dollars for the injury they have inflicted on the night, they dont want to pay it, is it completely inconceivable that we would say, well, you know, youre not going to get repayment on some of those bond. Cheryl the white house is probably calling you right now but you got to stay with me as we look at the live pictures from allentown, pennsylvania. This is where the president will speak in a few moments. I want to ask you about Something Else he floated, steve, he talked about it before. A pay real tax cut. Yes. Cheryl he said it this morning to maria. It would help businesses, help workers, very strongly. He is not letting the idea go. Some republicans are starting to warm up to that idea. What do you think about the payroll tax cut . Art laffer and i are the biggest advocates of this. We think this is important. This should be counter to pelosi outrageous 3 trilliondollar spending package that would feather the nest of liberal groups and not counter the vice russ. Get people to jobs, incentivize, job creation and work. Payroll tax reduction. Were talking about a suspension of the payroll tax for the rest of the year or get the Unemployment Rate down below 10 . If you do that, youre providing every single worker, think about this, cheryl, every single worker including you and me well get a 7 1 2 increase in our paycheck. Employees are going to see a 7 1 2 reduction in the payroll costs that incentivizes work. This makes so much more sense than spending. Cheryl very clear. Cheryl, tell me, wouldnt you love to see that in your paycheck, 7 1 2 . Cheryl im paying enough. Im good. I want to see the 36 Million People get their jobs bag. That is what i want to see. This will create jobs. To make a serious point, this will create jobs because incentivizing employers, Small Business employers as you know they employ 60 of the american workers. You cut their payroll costs, that will give them more money so they can hire more workers. I hear a lot of opponents say this doesnt help the unemployed. Dont you get it . This is about getting Unemployed People into jobs to have a paycheck rather than be paid by, by the government. Incidentally, this will be a tough thing to get people back to work because if you look at that pelosi plan, i was reading through it this morning, that 1800 page monstrosity, one of the policies she wants to do in the bill which looks like it may pass the house extend for three more months Unemployment Benefits cheryl i know, steve. I could talk to you all day. We need more time. But i got to run. Steve moore, great to see you, sir. If you dont want your 7 1 2 can i get it . Cheryl i will send it to you, sure. Steve, thank you very much. Cheryl, take care. Cheryl well, focusing on back on these markets, we come back a little bit, but it has been kind of a wild day for the markets. We were down more than 400. Up more than 200. Up 112. Techheavy nasdaq into the red. S p is higher. A lot is the banks and a lot is the Energy Sector by the way. Oil could close back above 27 bucks for the first time in a long time. The president made those comments earlier. What he said is a vaccine should being ready by the end of the year. But the markets were down after another nearly three million americans, steve mentioned this, filed for unemployment. Where are we headed forehere . Lets bring in Fitzgerald Group principle, Keith Fitzgerald and point view Wealth Managements david dietze. Thanks for standing by. David, i want to go to you first on another seesaw day for the markets. Were looking for a glimmer of hope. Maybe the vaccine ask a glimmer of hope. Today were seeing economically cyclical stocks doing well. Three of the four top performers in the s p 500 today are banks including wells fargo and American Press leading the dow. Youre seeing people get a little bit more confidence in this economy. Meanwhile as you pointed out, crude oil prices are going up. Were not seeing that hurting in a few cloud and food related stocks that had been carrying this market for a bit. Were seeing more interest in the underlying economy. You know, really why not, when you look what happened. I think that this, economy bottomed, the beginning of april. Were seeing more people go out to restaurants. Were seeing more people go out to the new car showrooms. Even people are getting back on airplanes from very low levels, down 96 , only down 93 , almost double the people. Moving in the right direction, cheryl. Cheryl you mentioned reopening. Keith, i want to take that to you. Markets throughout the week weve been covering the markets worry about reopening too soon. The minute you hear word vaccine coming out of the president s mouth today, you get the turn around. Were so sensitive to where were going. Do you think this erases the fears of a country reopening too soon and getting resurge in cases . Well, ill tell you what, cheryl, im uniquely connected to that because we have immune compromised household. On one hand i want millions of americans to go back to work. They need it should go back. On the other hand im frankly personally terrified. The optics changed going to the Grocery Store for my family and i. In terms of investments the markets are totally forwardlooking. Earnings are almost irrelevant. The numbers are almost irrelevant. If the headlines associated with the fact that we have hope. I think to davids hope were beginning to see that burn. Were beginning to see that emerge. That to me is very, very positive. Cheryl im glad that you bring that up. Obviously, david, the other story were looking at right now is the oil story. I am looking at Energy Companies right now. We have to recall one of the first things that took the market down was the oil glut in that fight between the saudis and russians. That seem to have eased a little bit. We have seen oil close back above 2bucks. We havent seen that since april 3rd. That is pretty good. Oil is a good indicator as reemergence of the global economy. A little factoid, my clients say we need more techs. Techs can lead us out. If you go back to march 23rd, cheryl, you see what sectors have done best, energy. Market bottom is up 62 . Great untold story. Low prices cure low prices. Ultimately i think were seeing china panned asia starting to reemerge. Were seeing some green shoots. That is reflected with Stronger Energy prices. That is a good sign for investors. Cheryl were obviously watching a market, i was thinking i would get four Straight Days to the negative thinking it was my fault. It is looking better. Well see how we do in last 45 minutes and last hour of trading. Keith, david, thank you very much. I have breaking news coming out of this city. New York Governor Andrew Cuomo is having his Daily Press Briefing if you will. He is basically saying at this point five regions in new york state including Central New York will be ready to reopen on may 15th. That is tomorrow. That is good news. Obviously the state of new york, the hardest hit when it comes to cases and deaths from the coronavirus. New york Governor Cuomo saying of five regions including Central New York ready to open tomorrow. If he makes anymore news well bring it to you during this hour. Also were waiting for President Trump. There are live pictures there. He will be speaking at a medical supply plant. This is in mens pennsylvania outside of allentown. This plant has been under lockdown as they make ppe, gowns, masks, really since january. Theyre opening up the doors for President Trump. Well monitor that for you. Also coming up next house set to vote on cares two tomorrow. This is the nancy pelosi 3 trilliondollar stimulus proposal. I will get thoughts about it from republican congressman buddy carter from georgia after the break. announcer in this world where people are staying at home, many of lifes moments are being put on hold. At carvana, we understand that, for some, getting a car just cant wait. To help, were giving our customers up to 90 days to make their first payment. Shop online from the comfort of your couch, and get your car with touchless delivery to keep you safe. And for even Greater Peace of mind, all carvana cars come with a sevenday return policy. So, if you need to keep moving, were here for you. At carvana the safer way to buy a car. The story where the chances are low, and the cost is high. 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I can assure you she will not get any votes on the republican side. Shouldnt say any. She will get very few if any votes on the republican side. Cheryl Mitch Mcconnell has made it very clear that if anything, if there is any new stimulus it has to be a narrower form of stimulus. Would you support a different version of a nancy pelosi package . What would you take out of the nancy pelosi bill . Well, there is a number of bills i would take out. First of all i would never vote for a bill that is 1800 pages, 3 trillion. We have just gotten, havent had a chance. In that bill cannabis is mentioned more times than jobs . That is ridiculous. This is nothing more than Speaker Nancy Pelosi throwing mud against the wall to see what will stick. She knows this doesnt stand a chance to pass, it will never become law. There are things that i am committed to looking at. First of all i would like for us to review what weve done already. Keep in mind we already spent 3 trillion. How is that going . How is that working . Do we need to add to it . If there is something we need to add in the health r