in other words, shanghai seem, at least monday through friday, to be getting back to assemblance of normalcy during the workweek the weekend, the big drop-off there, still perhaps a better thing to come. "mad" starts now my mission is simple to make you money. i'm here to level playing field for all investors. "mad money" starts now hey. i'm cramer welcome to "mad money" before we start, we'll go to steve leeszman with some breaking news hello? >> steve, it's jim you've got me. you're live.

>> the federal reserve announcing another program that primary dealer credit facility this is one of the biggest programs the federal reserve has yet to do. it is call the kitchen sink of lending programs it provides short-term, overnight, and term funding up to 90 days for a broad range of assets i can tell you the kinds of assets that now primary dealers can bring to the fed to get funding. investment grade corporate debt, securities, commercial paper, municipal securities, mortgage-backed securities, asset-backed securities, even equity securities excludeing etf. bring us your poor, tired, hungry, weak the fed is saying bring us your paper, we'll, obviously, give it a haircut but we'll also lend it overnight. so now the fed, implementing almost all, still a few left of the financial crisis era programs from the great recession that had in place today. it put in place the commercial paper facility and has really

long quantitative easing program and bringing rates down to zero. >> what is left in terms of the area of pressure you see >> i'm sorry i don't hear. >> all right thank you so much. now we know exactly how serious the fed is we know everybody else is getting serious. that should help tomorrow's opening. i do believe it's real okay let's get back to "mad money." reat the beginning of the most treacherous phase of this covid bear market. the point where the strongest stocks rally like crazy and the weakest ones -- well, they retreat into the wilderness. we saw it with travel, leisure, and airlines that's the big story today dow gaining 1,000 points making up some of the loss from yesterday. nasdaq falling 6.32% this market is going into the triage mode. the winners are paying like winners and the losers are trading like there's no hope at all for this shareholders. for you.

this by forindication is why i kept warning you that index funds are not the right way to invest here. the winners and losers are obvious to you and me. come on. we don't need to own them. in many ways, that's what we want to see. it means the market is working it's looking at the fundamentals of individual companies. why is it treacherous? we're going to have so much bad news coming over the next couple of weeks about the illness, not necessarily about the assets, but the illness that is too dangerous to come in here and start buying today's winners after today's spring-loaded run. i think those stocks, in particular, have put in a bottom beyond that, there's good and bad news we'll start with the bad news. why? i'm a bad news first guy first, we are a service economy. two-thirds of our gdp is based on the service sector. and this virus is devastating the service industries we can't con grate but that's how these companies make money sold out stadiums, crowded restaurants, trips to the mall,

trips to the gym or the hair salon. grabbing a beer. these are all out. in some places, they're illegal and with good reason more than 100 million people work in the service sector you married me right 100 million people not all will lose their jobs, but we're looking at an unfathomable number of layoffs here it could be worse than the great depression thriving institutions are being moved down alongside struggling ones the number of retailers in the verge of going under is staggering small ones, sole proprietaries, restaurants. good companies are getting wrecked. you see it hotels, every aspect of hospitality you name it. i can't look at the prices of some of the retailers. we have some at 80 and now they're at 8 it happened overnight. second, when it comes to fighting covid-19 we're behind the curve but ramping up and ramping up testing we're about to see huge spikes

in the number of infected people we finally have the capacity to diagnose this. it could have been worse the fact is, we're nowhere near the peak when we get there, it will knock down many of the stocks. the infections and death toll will soar. possibly overwhelming our health care system and forcing doctors to make horrific decisions about who lives and who dies third, outside the service sector, two of the largest industries in america are being challenged the at the exact same time oil and aerospace. undercutting our producers meanwhile, boeing can't get approval for the redesigned 737 max. its customers, the airlines are on the ropes we know boeing is seeking tens of billions of dollars in aid. i have thoughts on how do it later in the show. >> let's talk about why the market was up today. because there are signs that

there's an other side to this pandemic as in we might come out on the other side once this is over particularly fuel by a huge amount of stimulus no one is cheering but the federal government finally is recognizing the scale of what is ahead. the president has put together an a-list team to tackle the illness. dr. tony dealing with the disease. steve mnuchin trying to make sure that working people, not the fat cats, not the millionaires, working people come out in one piece. these are both the tests again, there's good news here. we're now getting millions of testing kits many made by last night's guest. that's a start we have data that shows the virus can be carried by nearly anyone but the death rate is heavily skewed toward the elderly with preexisting conditions it's easy to see where dr. fauci is worried about young people and giving it to their older relatives. if we bring it to the elderly so

they don't come in contact with anyone under 40, that can make a difference then my favorite, it's "mad money. the ingenuity factor we're hearing from engine ron. an anti-inflammatory drug that suppresses the lethal symptoms and high hopes for a possible vaccine sooner than i thought. don't scoff. they conquered ebola they might have something and have something in record time. we don't know enough who knows. but it could be good others are using malaria drug. i think there's a possibility of success there. it's a mistake to bet against american ingenuity over the long haul how long anybody's guess. i'm not taking the other side. i'm beginning to be heartened by the moves from the private sector later we're speaking with cheryl sandburg shelling out $100 billion to help 30,000 small businesses across 30 countries. now some problems, though, are so big can be solve bid the

federal government washington needs to step up with unemployment insurance and what would be $1 trillion in the economy. i wish it were not this is is a malcolm x moment. when it comes to people in danger of being wiped out of something beyond their control, the government needs to help by any means necessary. maybe that's what leeszman was getting at maybe that's the trick if the fed guarantees everything, we're back to 2007 and 2008 they talk about business sburpgs insurance. i'm counting on that insurance going to small and medium-sized business and the sole propry ters the government has to put money in the hands of small business owners to meet payroll i know it sounds like alot it's not enough. it's roughly the size of the bank problems of 2007 and this is bigger and harder and the money has to get there faster. whether it through be the irs,

turbo tax, i don't know. think big. perhaps steve's announcement will help. i'm waiting for even more details. yes, the market rallied today but the stocks rallied are the wrong ones the ones with the strong enough bounty to survive regardless they can come out on the other side because covid is crushing the rivals walmart surged more than 11% today. and an their smaller competitors could be wiped out e commerce thrives when people are staying home food and drugs exploded. you need to wait for a pull back before you wait for the general mills. that's not right it's not right i think we've seen a bot the tom, though, in those stocks they need to be bought on pull backs. what is the savior utilities. bottom line, though, it feels like a tough market. the market rocketed higher after

october of 2008. and fall by another horrible decline in the stock market as the system kept falling apart. just like back then, we're moving in the right diction. but i think we need to overcome more looming bads news about the virus and about bankruptcies before the whole indexes can bottom even again as many stocks have already put in the -- okay. let's take calls we'll go it larry in florida larry? >> caller: jim, chill. >> not that chill. it's okay. what's up? >> caller: so following a relentless beat down with uncertainty about execution of the company's streaming platforms, now with the cancellation of march madness and other sports due to be broadcast, what are your thoughts on viacom and cbs this year and the next? >> okay. i have a conference call tomorrow with club members of the club on it i'm going to eat not crow

but many cerows in the movie "birds." it was one of my worst picks it's my fault. we'll address that, larry, well, you know, they can't help. we're moving in the right direction. but i think there's more bad news virus more bad news bankruptcies that we have to overcome before the whole indexes bottoms. some stocks bottomed tonight a potential breakthrough on a coronavirus drug this is news, people there's moves. i like what i'm going to hear, i think. it's been brutal for small business so let's go to facebook cheryl sand bu sandburg how the grant program is money in the small businesses and the financed

coronavirus. i'm talking with the pilot player amwell. how their relying on the new technology stick with cramer. >> don't miss a second of "mad money. follow @jimcramer on twitter tweet #madtweets send jim an e-mail or give us a call at 1-800-743-cnbc show me reality...tv. where my hobbits at? play lord of the rings. play my "straight outta the shire" playlist. i want to see the king. find lebron. search more cartoons. play the last o.g.

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as long as this pandemic is in the driver's seat, and likely to stay for weeks or months, we need to keep an eye on the companies that are trying to beat the thing a successful bio chemist is the first guest on the show. for now, what matters is they have a little anti-body drug for arthritis that they developed. yesterday morning we learned they're studying a treatment for patients with severe cases of covid-19 it's not a cure but treats the deadliest symptom.

it's the bad pneumonia they announced something new a cocktail that can be administered before you're exposed to the coronavirus as a treatment for those already infected management hopes to be producing hundreds of thousands of these by the end of the summer will it work let's check in with dr. george the cofounder and chief scientific officer and the man who i think conquered ebola. he a better sense of where this company is going welcome to "mad money. >> caller: hey, jim. it's great to finally be on but like you said, it's special for us and we have to thank you because way back about 15 years ago, when our stock was $5 per share, you had my buddy on here and hopefully your listeners took advantage of your insight it certainly made a difference to us back then because back then we depended on the capital markets for funding. you gave us a boost. thank you.

you made it happen >> well, you deserved it you and len have been straight shooters len told me not to get my hopes up it could be awhile he feels now, doc, that is no longer the case. and they actually said, listen, enthusiasm is warranted. can you tell us why? >> well, i think that we still have to be cautious. it's just that there's a lot of things that are now going on and not only regeneron i think it's a great time for the city because a lot of us could be stepping forward and showing we have what it takes to help make a difference i think we've been doing it as a industry, you know, behind the scenes for so many diseases. this is is a chance out in the open for everybody to see it in particular for us and we are pretty excited there's a chance we can make a difference you made a lot of big points already. but just to make it easy for

your listeners there's really four things that we can be doing to try to hopefully survive or make a dent with this pandemic one, of course, what they call containment. do the things we're trying to do social distance, try to limit contact so disease doesn't spread so the hospitals don't become full all at once just to slow it down and wait to see whether we can have some new treatments that can make a difference in terms of treatments, there's three approaches the first approach, try old medicines that worked for other reasons and other things just try everything under the kitchen sink that's the first approach because those things are approved here and now and we have one very exciting development in that that you've mentioned. and the last approach, the final approach, is the vaccine approach and just so everybody understands what is a vaccine?

you give a ten waited version of the virus to a person. the person develops an immune response which is what they call anti-bodies that fight against the vaccine and that provides protection against the virus itself but as you've heard from the head of the niait he said those things take a long time. it's going to be one to two years, probably. so we occupied the spot in the middle so between erg that is already out there, trying that where we have something there, the vaccine approach which is a year or two away from coming. we can actually mimic what the body does with the vaccine we can mimic it in a mouse believe it or not. because we have these genetically humanized mice that are precise mirrors of the human system we can give the viruss to the mice, they developed a human

response like humans would do to the best of all vaccines. >> but, doc, even under best of circumstances, that's still -- we're going to through a year or 18 months, sir >> no, for the vaccine you have to wait one to two years. >> how about the one we can go right now that will make it so our lungs aren't destroyed >> hold on our second approach, before we get back to the lung, which was immediate and here and now and clinically testing it, we can do the equivalent of what the vaccine does by using the magic mice and we're already -- we announced that was our big announcement yesterday. >> right. >> we have essentially the equivalent of what the body response of the vaccine. we can be treating patients with that to test to see if it works. by the beginning of the summer. >> that's incredible. >> so that can provide protection for hundreds of thousands, if not millions of people health care workers, people on the front line, people at the highest risk kids with cystic

fibrosis or lung diseases or elderly patients that's something that can beat the time lines of a year or two by a year or two. >> i mean, len did not feel that way. what changed >> okay. well, of course, this is biology. and biology is not like doing coding and writing an app where things are a lot more predictable. things can go wrong because you're dependent on, you know, things you don't really understand but we've been hitting all our timelines. exceeding all our timelines. we have, you know, it all depends on individuals and genes. we have a super scientist who is is a genius who has been leading the effort he lead the effort for ebola. >> right and succeeded. >> he and his team are beating the timeline we've been able to move up our timeline because they're delivering so we went from thinking it was going to be quite awhile away to

the point we really believe that by the beginning of the summer we could be testing that approach in patients. >> and in the meantime, a drug that has been approved for another use. how is that going? that's being used now and i need to -- i don't want to create false hope but we need hope, sir. >> yeah. no, that's the other thing in terms of throwing everything under the kitchen sink at this, they did this in china that's where it started. okay they were, you know, they were hoping to just hope that anything, beyond hope, because so many people were infected and dying. and they tried a lot of things one thing that everybody started getting excited about is something blocked the one particular buy logic that blocks inflammation. >> right. >> and they reported it and were excited. this was done in an uncontrolled way. not what would call a randomized control study that we can trust and believe in but there was a lot of reasons to get excited about it. so we partnered with barta, the

rapid defense part of the government, with the fda they stepped up. with new york state, the governor's office, the health commissioner of new york we did something that has never been done in record time we got a study going so we initiated in new york state this week we're going to already be treating patients with this. hopefully seeing this. >> this week >> yes this week. we're going to hopefully be seeing within a few weeks whether it replicates and confirms the positive suggestions that are coming out of china and if they are, it means for the most seriously ill patients. we may have something to keep them from having it. or go on ventilators so there's hope but it has to be proven and that's what everybody got together i'm talking about the government, the fda, new york state. >> new york city, these guys they're serious, doc you know that. this is not false hope >>well, no

i think there's real hope here like i said, it depends on, of course, replicating the exciting findings coming out of china if we can do that and in a controlled fashion that satisfies the fda here, this could give hope to the most critical people. >> all right. >> and the next approach about using our essentially mouse manufacturing vaccine to give a fully human solution of patients, remember, we did that and it worked for ebola. >> exactly. >> in record time. so we now, especially, as you said, we've updated our timeline since you spoke to len awhile back we've gotten increasing confidence that we can meet it things can go wrong but that's an exciting approach that within months could be providing a second approach and giving hope to patients. one, the existing drug being tried in clinical trials right now. this week. >> yeah. >> can help the most severe patients the next approach could be given to people and prevent them from getting sick.

>> doc, i have to leave it there. i know i stay in touch with len and you. this is way too important. this is everything is on the line and i thank you so much for coming on "mad money." and the man who is known as having conquered ebola "mad money" back after the break. yes. it's the first word of any new discovery. but when allergies attack, the excitement fades. allegra helps you say yes with the fastest non-drowsy allergy relief and turning a half hearted yes,

into an all in yes. allegra. live your life, not your allergies. to challenge your thinking and test your execution. but great minds are driven to seek out the complex. they see what others don't, from an angle others won't take. they learn that embracing those challenges is what sets them apart. i am justin rose, and we are morgan stanley.

we are in a tough spot here. i have to tell you, somebody spent the last six weeks screaming about the danger of the pandemic and the leaders are finally taking it serious. i don't just mean the government i'm talking about the private sector facebook announced a sweeping new effort to invest $100 million in 30,000 small businesses across 30 different countries. they're doing what i want the government to do fronting money to the businesses to tide them over while the world economy is on hiatus facebook is paying each of their

employees $1,000 bonus. >> i love it i think facebook is being a model corporate citizens here and i hope others follow in their footsteps. not just to uncle sam. we're thrilled to have chairman sandburg right here with us tonightto talk about the small business investment program and maybe get the federal government some pointers. welcome to mad money. >> thank you i appreciate that. and we feel very strongly about businesses stepping up so thank you for such a kind intro in letting me on the show. >> let's talk about that small businesses and you have been inseparable since i remember your first -- small businesses have been built on facebook, built on your instagram, and they have, obviously, they're hurting and i want to know how you decided to invest in them. >> that's right. we're close to small businesses 140 million users use our

platforms all over the world and we work with them every day and we heard directly from them they were in need, very nervous, not able to pay a lot of their employees, and worried their doors would shut we're working around the clock to help as much as a we can. we're going to give $100 million in grants, the majority of cash. some add credits to, you know, 30,000 businesses in 30 countries. we're providing virtual training that anyone can use. we're trying to help businesses pay their employees but also shift their business online, let dm customers know what inventory they have left. >> i never missed one of your conference calls you are at your best when you talk about a small business that has benefitted from using you. maybe you can talk about a small business that you will help. right now. with this program that i think is very much ahead of what a lot of other companies are doing. >> aye heard from one i've

talked about on the earnings call before. a man named dennis runs a company calls haul connection. but what i love about this business is they're furniture makers in brooklyn they are old school. old kind of company. right. they're not newfangled tech. they completely migrated their selling online and have grown quickly. they been a great facebook and instagram success story. what i heard from him this morning is working furiously so customers can reach them but they're not getting the help they need from their, you know, local government or the banks around them. and they were so excited to hear about our program and dennis was asking me how he can apply that's exactly the kind of stance we want. >> if this works, why stop at 100 million? you're doing great things for your companies, which will do great things for facebook/instagram it's a virtuous circle it can be a bigger circle?

>> we're just starting here and going to keep trying to respond to the need we see so we launched our business hub last week, which gives businesses free tools and that way can reach everyone we're going it start here. we're going to get the grants out to small businesses and this is unprecedented i don't think anyone knows what is going to happen next. we're open to considering doing more in lots of different ways going forward. >> how do you, umm, deal with all the companies that you have helped create that want the business now that would like a grant. is there a page they should go is there a committee at facebook that is going through right now, like when you were trying to get into college. >> we're working through the criteria we want to go to facebook.com/grants for business and we'll be collecting e-mails and we can send out the criteria and send out the application

we don't have every criteria to find but here is what we know. we're going to ask people who have been in business for a year to apply we ask people to tell us what their business does, and tell us how they're going to use the money. we're going to trust them. we're going to trust them to use the money as they can best do it how fast can you do that let's say you like it. can they get the money within the next month >> i sure hope so. this crisis is unfolding very rapidly. so this is a program we started working on at the end much last week we're moving as quickly as we can and i want us to move as quickly as possible. so definitely the goal. >> now, umm, you have also $1,000 per employee bonus. i think a lot of people don't want to go home and work you've made it so it's the right thing to do. tell me about that program i think we need to see it for a lot of people. they don't want to go home they want to show you they're

working. >> we've thought about that. we told everyone to stay home if they were sick we have been paying every worker we have. every contractor whether they're sick, whether they can work for whom all the way through we're shutting every office we can. we want to communicate it's safer to be at home there are a few critical jobs we need to come to work like keeping the data centers running and the service up we're taking every precaution we can to protect employees it's by everyone else staying home those people are more protected. but we want employees to know we mean it. even when they're home, people don't have child care. people's schools are closing not just gave every employee $1,000, but i think maybe even more importantly, we announced to our whole company we're paying out more than everyone's full bonus this half every six months we do a ratings

scale and give employees performance criteria and a rating you get more if you've done better we're giving everyone an exceeds expectations rating. it means everyone gets more than their bonus. what we're saying to you is if you have a sick parent or child, you take care of them. >> got you. >> if you don't -- and do what you can. we're seeing our employees take care of themselves and working hard. >> one last thing, there's a major pharmaceutical chain i don't want to mention their name they're good guys. one of theirpeople put out misinformation about covid sent to employees bad idea i see you're cracking down with disinformation how are you capable of doing that given it's so prevalent how many people do you have to analyze this information and is this something that is the beginning of a new strategy of facebook or a national emergency and you're throwing everything at it. >> i think this is an emergency and we're throwing everything at it and definitely taking the hardest possible line on harmful

misinformation we're prioritizing the myths that the w.h.o. and the cdc and other health organizations are telling us are the most harmful. those are coming down. no matter who says them. we're working as quickly as possible the other thing we're doing, and i think this is just as important, getting good information out there. we're putting w.h.o., cdc information directly into people's feed. the director of the who asked us to try to get people to do real hand washing my fiancée and i yesterday posted a video of ourselves washing our hands for 60 seconds. do you know how long that is, jim? >> yeah. happy birthday four times. >> their not separate when it comes to this emergency. no matter who says something if it's harmful misinformation on covid 19-it's down and it's

over i want people to have hope in a hard time. we're seeing amazing things happen on facebook there's a doctor in lombardi, italy, hard hit. she on what's app is providing free services to help people she doesn't know who are not her patients get through depression and anxiety. we're seeing nurses get their shifts covered with other people so they can go to work at their child care we're seeing people sign up to deliver groceries around the world to the elderly. >> okay. >> this is challenging but there's some good happening. >> thank you i'm looking for good news. you gave it to us in spades, including the incredible grants. going get it as soon as possible government, are you listening? this is how it's done.

as we come to grips with the coronavirus pandemic it's becoming clearer and

clearer many technologies we talked about for years are essential to beating the virus thanks to social distancing. we've seen demand from zoom video. from sisco we saw it today. even more important with our hospitals continue to be overwhelming, doctors are embracing tele medicine. we used to push it now it helps stop covid 19 every case can be diagnosed is one less chance for the virus to spread at your doctor's office or hospital. that's why tonight we're going off the tape with amwell they've seen -- and will only get heavier. so let's take a closer look before we show it. the president and co-ceo with am well and what they're doing to mitigate covid-19. welcome to "mad money. >> thank you for having me. >> first time on the show. can you tell us what you're

doing in general for health care and then specifically the covid 19. >> sure. so we produce telehealth department technology. it's the ability for patients and physicians to get together through the guys and browsers in other ways we serve this technology through many of our clients. half of them are the health insurance companies. large payers with united anthem, cigna, a lot of them have tele health offering for their membership historically to not use the ers and now to avoid the coronavirus. >> right. >> and the other half of the business is serving the health system side of the world with a providers and the clinicians each and every one has a different name for the product that carries their brand. >> oh. >> okay. >> but so you to follow the pack as it ends up running.

>> how does amwell make money and are you, i mean, for coronavirus 19 are you able to handle the business? the president was talking about how over burdened the tele medicine side is. >> yeah. so i think, you know, making money in peace days is different than what is going on now. i think everybody is focus including ours is to support -- so people will get less exposure we serve different clients differently. health plans are primarily dealing with the mass millions of memberships they have they're worried about what they need to do, what are the right symptoms, and so on and so forth we also have a lot of health systems that regularly treat elder patients elder americans. these, you know, these patients don't necessarily need care for coronavirus. they need care for heard failure. if we can that care happen over technology and prevent the patients from showing up in

crowded waiting rooms where bad things can happen, we can save some lives >> before the cell phone, everything was different would we visit the doctor's office, to me, is the worst place in the world. >> there's a balance i think we need to think about it as way health care can take place. there's some things about health care that can happen effectively through technology helping parents after surgery to recover. there's a lot of stuff that can happen when it comes to helping an operation, surgery, blood needs to be drawn. those cases you need to go into health care.

you can define the load on health care differently than in the world where we have the technology. >> we had mark casper on last night. >> yeah. i think the whole world of testing happen debated and discussed. you don't need me to talk about that as more and more people are getting access to the tests, we're going to have a whole new kind of worries people will have for the most part, we'll tell them to stay quarantined now you have a huge population of americans who are at the edge

of their seat. they may have been exposed and taken the test and we're telling them to stay home. if we're not going to be able to allow them to get in front of health care professionals, many of them have to break the quarantine and go to health care we need it to also envelope and be there for americans who are going through property gregs of the illness in their home in order to move the needle a little bit >>well, look, i wish -- we only have one right now what you're doing sounds amazing. i want to thank you. i wish we could own it it's private thank you so much, sir - at southern new hampshire university,

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it's time. are you ready? get it we start with george >> caller: hey i just want to say to you how

excellent interview you had with secretary treasurer mnuchin on friday. >> thank you. >> he's doing his best. >> yes i like your wisdom on hate/love stock -- >> square. i like it very much. it helps small and medium sized business that will come out ahead come on. we'll go to ed in florida. ed >> caller: yeah. >> you're up >> caller: >> how can i help? >> start accumulating aa -- >> long-term view. we're in recession and that's not going to turn around it's the worst in a recession. >> let's go to amanda in connecticut. >> caller: i was wondering what you think about in stock --

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now that people are grasping the scale of the coronavirus crisis you need to know the

government's response could determine the fate of our world to years to come business in this country thrives on people coming together. because the virus is gentler in young people, they're going to find a way to con grate and that's dangerous they can spread it to older friends, family, and coworkers i keep hearing we don't have enough data on who gets hill and who dies wrong. we got perfect information we know exactly what the disease does because it swept through china and europe we know if you're 70 or older and you have diabetes or high blood pressure or another preexisting condition, you're not just at risk, you're at extremely high risk of dying we know that if our health care system is overwhelmed, the doctors have it go to triage mode very bad for the elderly. right now italy has an 8% mortality rate and we're currently on the italian trajectory once you break the numbers down, you discover of the 25,058 people infected in italy, no one under the age of 30 has died

from 70 to 79 it's 11.8% that's a strong case for self-islation for 70 and up. it's better than social distancing hopefully the young people will behave more responsibly. what else can we do? recognize that the public heath crisis and the economic crisis are two sides of the same coin first, europe is about a week and a half ahead of us i think it might be worthing getting ahead of the curve here. we need to weigh the notion of -- younger people are going to have to settle in and stop acting out or going out for that matter second, as americans, we have to stop -- we have to stop -- we're going to see tons of layoffs in the important service industry it's already started right now so many people are vying for unemployment benefits and the website keeps crashing i wasn't kidding when i talked to the economy going on a hiatus in some ways it's worst than a recession. how do we make it through in one piece? we need washington to forget

everything it learned about fiscal discipline and throw money at the problem something secretary mnuchin understands when he said now is not the time to worry about deficit spending it's important they think. forget just loans and credits. forget gaurn types what are they guaranteed more debt? thanks the government needs to put money directly hands of working people we heard rumbling of an immediately $1,000 payment to every american that number needs to be higher and more than one time only. as long as it goes on, we need to keep feeding the people we need to throw money in small businesses that are getting hammered now that everyone is staying home when the coronavirus goes away, only the big national chains will be left standing. i'm calling it total replacement business insurance all the information is

available. you can get it from the irs. we need to do it pronto. unlike where 2008 people contributed to housing bubble. there's no one to blame here the government bails out workers and small business we should be t tun-opportunist. invest in them the government will use profit same with every other leisure company that needs to stay alive. they want the money? they need to sell us equity. i do the same thing with boeing. a lot of long-term investment for boeing any hotel company that keeps the employees, similar most importantly, we need to approach it with a speed and effort of the manhattan project. we take the steps that our country can bounce back after we get the virus under control.

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you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. okay regen regeneron. they have a vaccine that will start earlier than we thought. they have ahmed that can help people's lungs now i think that's more important than anything. we have to get people out of the hospital so, sadly, we can get the new people in the hospital i think treasury has woken up. i think fed has woken up i think secretary mnuchin is the person we have to count on now but as much as it takes. here on "mad money." i'll see you tomorrow. our special starts now

of the coronavirus crisis as stocks soar, new york city is on the verge of a shutdown order. stocks soar. >> a day for a rebound here on wall street. the federal government now actively trying to shore up the financial system >> president has instructed me, we have to do this now >> new york city warns it may be about to go on lockdown. >> new yorkers should be prepared right now for the possibility of a shelter-in-p