time because as i said, these guys are the guys that are, i mean, can you imagine the chaos that would ensue if we couldn't get food and the supplies that need to be out there. cheryl: i know. jeff flock, great job. great job to you. that is it for "making money." "the claman countdown" starts right now. cheryl: i'm cheryl casone in for liz claman today. markets are taking aim at history as the senate is inching closer to a possible $2 trillion stimulus bill. the dow back above 20,000 right now. look at this. we are now at this point, as you can see, 1746. just for context, we have gained 500 points in the last 20 minutes. this is how these markets are shaping up. anything can happen in the last hour of trading, as liz claman always says. take a look at the s&p 500.

170 points to the upside. look at the nasdaq, up almost 7% right now. again, we are keeping a close eye the dow. it could be the best day for the dow jones industrials since 2008. we are on the markets for you. liz is coming up, plus we are talking about wall street. they are rallying. now the crisis. this coronavirus still has a big part of the economy shut down and we are shut in right now. medley pharmacy is promising same day delivery of prescription drugs to anybody who needs them. its cofounder will be here in a fox business exclusive. as china slowly gets back to business, the footwear industry is hoping to get back to churning out new products. we will talk to one industry exec about how the pandemic is actually punishing business. a lot of business is punished but this one in particular. you will want to hear about this. plus, with gyms closed, your favorite classes are canceled. we will talk to the ceo of class pass about how he is helping shuttered studios and you can

actually work out, get that fitness regime while you are under quarantine. we have a lot of tips on that. and liz claman will join us in a moment. she's working from home on self-quarantine. she never stops. she's got some exclusive news on broadway shutdowns and if the show must go on for the tony awards that's coming in the middle of an outbreak. we will get an update in just a few moments. we are on a lot of breaking news right now. taking a live look at washington. we can't watch washington enough right now, especially the senate and the senate floor. all the senators right now are making their speeches, making their cases. we are still waiting for word that this deal has been reached on possibly a $2 trillion coronavirus stimulus deal. the leaders of the senate both hinting that a deal is close. nancy pelosi earlier today, about three hours ago, hinting that she thinks the deal can be struck. reports say the emergency rescue package will make, get this, direct payments to americans, provide so-called unemployment

on steroids, as in a lot of unemployment to folks, $367 billion in aid for small businesses and then you've got $500 billion for large corporations. that was one of the sticking points, we understand, between the democrats and the republicans. we are watching every development in the halls of congress and of course, our eyes are on that senate floor. we will bring you any details as they come in. our reporters are standing by for all of that. we are also looking at this industry has had a tough time, travel stocks. they are flying up to the top right now of the s&p 500 as government efforts to soften the blow from the coronavirus pandemic give hope to investors. as you can see, mgm, wynn, marriott, casinos, hotels, these stocks are bouncing. look at that big old jump on wynn resorts. mgm is up more than 30%. las vegas is shut down so we are following these companies. also, dramatic measures from the fed and these efforts to pass this economic stimulus package is boosting cruise operators.

that's a group that's taken a massive hit right now. there you can see norwegian, royal caribbean and then here's one, united airlines, that stock had been down about 50%. look at the stock now, up 19%. airline sector, very hard hit. cruise ship industry, very hard hit. the story is changing and it's up today. all right. let's take a separate note here. credit ratings agency s & p cut delta airlines to junk. what does this mean? it means the airlines have to pay more to service its own debt. you never want to see that. but delta up 18% right now. remember, the fed has been moving money into the credit market. general motors suspending 2020 guidance and twitter withdrawing its revenue and its operating forecasts for the first quarter of this year. those stocks both to the upside. general motors up 16%. then you've got this. food company mondolese international have raised pay for their employees by $2 an

hour through may 2nd. anybody that works in distribution, manufacturing, sales workers, and they are going to hire 1,000 employees to cope with increased demand for food. lot of companies are hiring in this space. we are watching them and that stock is up almost 11%. all right. finally, we will look at gold. gold has been so interesting. it spiked about 6% today, settled at $1,660 and change per ounce, the biggest daily rise in 11 years. what's interesting, you have the markets up and gold up. lot of questions about this particular contract and the safety plays. what does this mean for investors out there and to you? according to goldman sachs, now is the time to buy. you knew this was coming. they are saying gold is the currency of last resort and they say it's a hedge as policy makers act to accommodate shocks to the market and to the economy. gold has slipped will about 2% the last month. goldman holding the target of about $1800 an ounce.

that's where they say gold should be. let's bring in our traders, joining us via skype. thomas, first to you. what do you think about this call on gold by goldman sachs? >> well, we are agnostic on gold. we think maybe it can go a little higher in the short term but you have to keep in mind the major holders of gold are going to be the ones that need the most cash. when you look at russia with low oil prices, they will have to sell some of their reserves to pay for their programs. italy is another major holder of gold. they will be needing some money for their spending programs. france, germany. maybe in the short term, on inflation expectation from all the quantitative easing, et cetera, but in the intermediate term, you have to think who are the buyers and who are the sellers and those federal reserve banks in each of those countries are going to need to raise cash. so we like, generally, high quality businesses because they produce something and many of these companies have gone on sale, as you know, in the last handful of weeks and some of the

highest quality companies are selling at 50% off. now, does that mean they can't go lower? of course they can go lower. the economic news is going to get worse in the short term, that's for sure, but the market is also discounted a lot of that bad news already. so for instance, if you had bought in october of 2008, by march of 2009, you looked silly, you were wrong, but by june of 2009, you were a genius. so on red days, we are nibbling into the highest quality companies like for instance, coca-cola is down 40%. their yield was 4.4%. cost like jpmorgan, best in class, down 42% peak to trough, 4.3% yield, et cetera. that's kind of where we are thinking about it slowly and cautiously. it's not the bottom. no one can pick the bottom. but if you can take a longer term view, there can be opportunity in coming days and weeks and on green days we just sit tight and add on red days.

cheryl: i want to go back to the issue of gold and more importantly, phil flynn, the issue of copper. because that is actually a china story. as we know, china is now getting back up and running. supply chains, we have heard from several companies, are now actually churning out, you know, their manufacturing again. you say copper is a big piece of that. why? >> i really do, because copper has got absolutely crushed on the coronavirus, because the demand destruction mainly coming out of china, the world's biggest consumer. but we saw it today along with the other metals, that market is coming back in a dramatic way. we are up over ten cents today and it could go a lot higher. listen, there's going to be pent-up demand once the economy comes back and that's going to be great for copper. gold, too. remember the power of quantitative easing on gold. the last time in 2008 gold hit a low i think of like $686, when the fed started to do qe we went up over $1,000 an ounce to $1,000. i don't think you can

underestimate the power of what happens with quantitative easing with that yellow metal. cheryl: the dollar story as well which i know affects oil which is of course, your specialty but the currencies and of course these commodities like gold and copper, silver as well, go hand in hand. that's what goldman sachs says, buy gold. all right. guys, thank you very much. i appreciate it to both of you. thomas hayes, phil flynn, see you soon. well, lizzy claman is still quarantined but out of caution, obviously. she is the anchor of "the claman countdown" and joins me right now. you're outside. it looks beautiful. looks gorgeous. okay. this is not quarantine. this does not count. liz: let me tell you something. this is a family affair. i've got my son holding an umbrella to block the light. we fashioned, my husband fashioned with tinfoil and the top of a table the reflector and my daughter's holding the tripod. if it's not perfect, please forgive us. cheryl: you are putting the kids to work.

liz: yeah. over my shoulder you see the gw bridge. i was checking the cars and of course, you were just talking to jeff flock about the truckers and how hard they have been working. on any given day, you have cars every few feet. well, now it's about seven car lengths per car. there are very few cars going over. way more trucks. they have been sitting there trying very hard to get all the equipment and all of the deliveries into and out of the city. so hug a trucker if you see one. we are looking at the markets. i can do everything from here. i have to tell you. what i noticed and i wanted to point out to the viewers is the trend line since, if you go back to march 11th. we can put this up, actually march 10th was a very good day but what we are going to show you is how each day we see either a move very high up or a move down, and the trend line is truly what matters. so today happens to be a very big move to the upside, but back on the 3rd of march, we had a

jump of 1,167 points, then on the 11th, you can see a big drop of 1,400 points. that whole thing got erased. then it goes on. on the 12th of march, the big loss, down 2,352 and so on and so on. let's bump over to march 20th. a loss of 913 points and then today, we see the big gain after the weekend, even though we saw on the 21st a drop of about 913 points. today, as we see, we are looking at the second biggest point jump in history. the one to beat would be from march 13th, 1,985 points. will we best that? well, we have to wait and see. but what's important from that graphic that we showed is that trend line and the trend line goes down. when will that reverse? well, of course we all believe that that will most likely reverse not when politicians pass different bills or when people say that they think the economy's going to reopen.

it will be when that bell curve starts to plateau or we get a vaccine and some kind of treatment for the coronavirus. pretty much as we come back out here, i'm in new jersey and we know that all of our friends and certainly my team, i'm calling my team on "the claman countdown" the quaran-team. they are all quarantined out of an abundance of caution, of course. we are all hanging in there and our big priority is to make sure we are healthy and that you, all of our viewers, get information. speaking of information, coming up a little bit later in the show, i've got some breaking news that is exclusive on the tony awards and on broadway. as you know, all of the 41 broadway theaters have been shuttered. we are going to get you some news on whether those tony awards, at least what we are hearing from producers of shows on the west coast and the east coast, say will or will not happen. stay tuned for that. i will be back if jun just a fe minutes. cheryl: great job.

tell the kids they are doing a great job. appreciate them helping out today. liz: you guys are doing great. cheryl says you're doing well. cheryl: see you a little later on with that breaking news on broadway. and of course, the tony awards. let's take a look at the heat map right now. we have the dow 30 and as you can see, i mentioned this earlier, you have chevron, boeing, big winners today. first to the oil giant, on pace, largest percentage increase since october of 2008. the ceo was on with maria bartiromo this morning. he wants to preserve that dividend. he says the aerospace giant could survive without a government bailout, would not accept aid if the government wanted an equity stake if that was mandated. take a look at chevron. that stock is up 18.5%. you also have boeing, up 14%. the two stocks we are watching, big movers. coming up next, a solution for coronavirus shut-ins in desperate need of prescription

drugs. the cofounder explains next that the fox business exclusive, when "the claman countdown" comes right back. you met on an app. delete it. why? he's the one. gesundheit. [sneezes] i see something else... a star... with three points. you're in a... mercedes. yeah, we wish. wish granted. with four models starting under 37 thousand, there could be a mercedes-benz in your very near future at the spring event. lease the a 220 sedan for just $349 a month with credit toward your first month's payment at your local mercedes-benz dealer.

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walgreens boots alliance up more than 3% right now. rite-aid is down. but the news on walgreens i want to bring to you, they are on a hiring spree in addition to raising wages for their hourly employees, rite-aid also offering free prescription home delivery services amid the coronavirus. yes, rite-aid is down right now but our next guest was well ahead of the prescription home delivery curve. as his startup has been poised since before the pandemic to help homebound consumers. medley is aiming to put brick and mortar pharmacies out of business all together. it's a full service digital pharmacy that delivers your prescription medication to you for free. it is the same day if you want it delivered anywhere in new york city, new jersey and philadelphia. they are announcing exclusively on "the claman countdown" that they have now partnered with emblem health. the cofounder and cmo joins us now via skype in a fox business exclusive. thank you for being here, sir. >> thank you so much for having me. cheryl: tell us about this new deal you are just announcing.

how did this come to pass and how quickly did the deal happen? >> yeah. i think emblem and medly, obviously two strong partners in the health care ecosystem. what we are trying to achieve here is to provide an end-to-end solution for folks that are self-quarantining or staying at home but they still want access to their medication. so we are excited to be able to offer the solution to people all over but specifically it's a big need here in new york city as well. cheryl: you know, cvs has, we should add, prescription delivery and i think this is going to pick up for a lot of these companies. they are all going to be looking, doctors are going to want to bypass your local pharmacy. that's going to be a competitive environment for you, i would think. >> you know the beautiful thing, you mentioned in your intro, we started the company in june 2017 and as second generation pharmacy owners, we saw specifically what are the main challenges that patients are

having and delivery is something we have been doing long before. we have a well-oiled machine. we have a contingency plan in place operationally to make sure patients are able to get their medication. so some of the hiccups you might have with other companies you don't have at medly given we have been doing this for such a long time. in many ways, i would say medly was built for situations, to handle situations like this. for us, we want to kind of invest in the communities we are serving with partnerships like emblem health as well as other telehealth and hospitals out there. cheryl: rite-aid is doing free deliveries. i mentioned the competition. but i'm curious about your delivery workers. these delivery workers that are out there on the front lines are taking risks as well, especially in places like new york city. how do you make sure they're safe? >> great question. i think one thing that we've done an amazing job of with our hr and ops team is implement a contingency plan, including things like contact list delivery. depending on your insurance, we can deliver the prescription as

an example through contact list delivery. secondly, we have a process in place to hand sanitize and provide the relevant equipment so that people that are delivering don't get exposed or don't give anything as well. and thirdly, we have uber rides, for example, for our employees and lunch and dinner so that they are staying contained within the location itself and not going out. so from our standpoint, we have done a lot of things to make sure that we are taking care of not only our patients but also our employees. cheryl: again, same day delivery is great. that's something that's new the a lot of people out there. certainly given the refill is already done, you don't have to wait in line at the pharmacy because we don't want to be close to each other anymore, it seems as americans. congratulations, sir, for coming on and certainly keep us posted. thank you. >> thank you. cheryl: all right. take a look at the dow right now. this could be, we could have a record close. not record as in we are way off

our records but this could be, could be the best day for the markets since 2008. at this point, we would take it. dow up 1792. we are not at session highs. anything can happen. we've got about 39 minutes to go until the bell rings and anything can happen, as you have been watching this show. also, this is comcast. they are having kind of an up and down day. they have the postponement of the 2020 olympic games in tokyo. that's a huge blow to this broadcaster. they sold $1.3 billion in ad revenue for the sporting event. industry watchers are already questioning if the ad dollars are actually going to carry over to next year as the virus weighs on the biggest global brands. shares up 2.5% but yeah, big question mark about what that cancellation means to these guys. then there's this. disappointed summer athletes have been left in training mode for another year. but with athletic centers across the world shuttered, where are they going to go?

where can they work out? coming up next, class pass ceo on the program he's launching to get the gyms he works with back in shape and maybe back to you. "the claman countdown" will be right back. research. because your investments deserve the full story. t. rowe price invest with confidence.

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cheryl: well, the fitness industry is working up a sweat as more gyms across the country are being ordered to close up shop. states such as new york, arizona, california, even the united kingdom have ordered gyms to shut their doors to help prevent the spread of the coronavirus. fitness stocks have taken it on the chin this year. take a look at these guys. planet fitness, peloton, town sports international, these stocks are all taking major hits. obviously these are for the year. you can see planet fitness down 38%. this is rough but our next guest is doing his best to keep the industry on its feet and moving. we are joined by classpass ceo fritz lanman in a fox business exclusive. thank you for being here.

>> thanks for having me. cheryl: what are you doing to help, we should be clear, these are small businesses that are part of classpass for the most part, local studios, whether it's yoga or barre classes. what are you doing to help them? >> that's right. yes. classpass is a subscription, health and wellness subscription that allows you to access 30,000 different fitness studios, gyms and wellness providers across 30 countries. so obviously, the covid-19 outbreak has put our business at risk. over 90% of our partner venues have had to close down in the last two weeks. so what we are doing now is turning our attention to how we can help them survive each shutdown and on that front, we are launching three initiatives. first, live video streaming so that these providers can launch fitness classes, personal training sessions, virtual coaching experiences through the classpass app so we have about 500 of those partners turning on those virtual sessions and our

customers can buy those experiences a la carte. the second initiative is a customer donation campaign, so our millions of people who have our app can open the app and just donate to any of our 30,000 partners, and thirdly, we have launched a petition along with a lot of top ceos of major gym chains, major fitness studios and wellness providers all over the world asking government to do more in terms of relief measures to help these small businesses. cheryl: let me ask you this. i don't have a lot of time with you. we were looking at the stock of town sports international. they own new york sports club. within 24 hours of gyms being shut down here in new york, they laid off pretty much everyone. it was brutal. these people are stressed, they are upset. what do you say the those people that are home, these trainers that -- how are they going to make a living? >> well, first hopefully the government steps up and provides

relief measures like several european countries are doing so that these brands like psi or solid core who let off 90% of their staff don't have to do that. cheryl: they already did. they already laid them off. it was massive. >> i know. that's right. yeah. i think a lot of them, though, were laid off with the hope that the signal from those brands they would be able to be rehired when coming out of the shutdown. certainly the government stipend, they can proceed with those initiatives. the second thing i would tell people, you might want to start launching live classes and collecting any money that you can. cheryl: as an individual. can they do that as an individual? is that possible? >> sure. anybody can start a business and enroll with us. we are happy to give them a platform. cheryl: we have a lot of breaking news. appreciate your time, fritz lanman. thank you. >> thanks. cheryl: we are of course following these markets. we now have 30 minutes to go and this is really the point where you really have to watch these numbers because look, we are pushing session highs right now.

1806. the dow, s&p and nasdaq. coming back, you've also got deckers moving in lockstep with the rally. this stock is actually up 15.5%. wedbush upgraded the maker of uggs to outperform on renewed confidence the company can actually climb past the pandemic. could the outbreak be nike's ultimate achilles heel? production and sales have really stumbled. up next, footwear stribto distr and retailers of america's ceo. and liz claman has been talking to producers about whether broadway's version of the oscars is going to be put on ice. her report straight ahead on "the claman countdown." robinhood believes now is the time to do money.

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sure, principal is a fibut think of us as a "protect your family as it grows" company. a "put enough away for college" company. and a "take care of your employees" company. we're a "help you ride the ups and downs of the market" company. and when it's time to retire, we're a "we've been guiding you toward this all along" company. think of us as all these companies, and more. principal. retirement. investments. insurance. cheryl: want to come in with this breaking news, we are just learning from blake burman at the white house. the white house has just added the briefing, the coronavirus task force, 5:30 p.m. eastern

time. that is just under two hours from now. again, 5:30 p.m. eastern time, there is going to be a briefing at the white house. the white house coronavirus task force will be coming to the cameras. obviously we will be covering that. we are also looking at these markets right now. during the commercial break, and we are not taking any more. we will ride this all the way to 4:00 p.m. eastern time, folks. the session high was 1872. so we just, that just happened a few moments ago. we are at 1859 to the upside on the dow. again, depending on where we go here in the next, you know, 20 minutes or so, we could get the highest ever point gain for the dow since 1986, on a point basis, we could have that. right now, we are almost at 10% on the dow right now. 9.95%. these markets, again, this is stimulus. we are waiting on the senate. we've had a lot of positive news coming out of congress and d.c. that they are actually going to come together on agreement, stimulus deal, phase three. there have been comments on the senate floor of phase four of

stimulus. following all of that, obviously we are going to be looking at the markets, s&p as you can see, up 8.25%. nasdaq up 7%. but we are on that also. in just a few minutes, we are going to be getting nike's fiscal third quarter results. that's coming right after the bell. that's actually going to give us a really clear picture of how the coronavirus impacted the sports apparel giant's business in china but also abroad. you've got nike along with under armour, walmart, columbia sportswear, it all belongs to one trade group. the footwear distributors and retailers of america. they have 250 companies, 400 brands in their roster. let's bring in to discuss the impact of the pandemic on the industry, ceo and president of the fdra, matt priest. good to see you. >> hey, cheryl. thanks for having me. sldz cheryl: what do you think we should be expecting from nike's results? this is going to be the china story, their fiscal third quarter. >> yeah. i think as nike goes, so goes

the whole industry. we are all facing the slowdown in sales in china, but then the uptick in production, we are kind of back to normal in china and now we are hitting with u.s. demand here in the u.s. as it relates to the pandemic spread so our members, nike amongst many others, are trying to navigate what that looks like when demand drops out and is eliminated. we do a weekly survey where if numbers come in, to see zeros in spots you used to see tens of millions of dollars in sales, it's gut-wrenching. my hope is that the u.s. senate gets their act together and gets a stimulus going and that we can all start to look towards the future, trying to find the bottom and then drive demand where we can. cheryl: what are you hearing from your members about the supply chain in china? some businesses are starting to report the supply chain in china is back in business, for lack of a better phrase. what do you know? >> that's what we're hearing, too. we have a weekly call every tuesday at 2:00 eastern. we have been hearing for the

last two weeks or so basically back to normal production levels in coastal provinces of china. i kind of liken this as a hurricane. we passed through one side of the storm. we entered into the eye where it was clear. you can see the sky. now we have entered into the demand storm in the u.s. because of the spread here. so that's why we have asked the administration to roll back 301 duties on products from china. these are duties that were put in place on footwear in september and have driven our imports down every single month since the duties went into place. but 21% higher in duties paid during that same period. so for us, we think if you can roll those back now, you will inject much-needed capital back into the cost structure of our member companies and provide some liquidity where we need it most to get us through this difficult time. cheryl: matt priest, thank you for joining us. we will be looking at nike's earnings at the top of the hour. thank you. connell mcshane and melissa

francis will bring you those reports, "after the bell" about 20 minutes from now. breaking this hour, new york has the highest and fastest rate of infection due to the coronavirus. this is a big tourist destination. you have visitors coming from all over the world. around 25,000 coronavirus cases in the state of new york. let's take a look at a live picture of times square. i actually ran through times square earlier today. this is broadway. this is the epicenter. it's empty. normally tuesday is the first night of the theater but every single one of broadway's 41 theaters have gone dark. let's bring back in liz claman, who is the anchor of "the claman countdown" and a member of the board of the american theater wing, that of course the group behind the tony awards. liz? liz: i have been talking to producers both on the east and the west coast of major broadway shows and they are telling me that the tony awards which of course is sort of broadway's

version of the oscars, will not happen on june 7th of this year. they will be postponed. why. even if these broadway theaters were to reopen, you've got 800 different voters that pretty much compile the voting community for the tony awards and myself included, i'm a voter, but half of the 800 are from out of town. they run theaters in all different states. and they have to schedule their opportunities to come in and go see the shows. there just wouldn't be enough time. that's what we're seeing. all broadway shows were shuttered on march 12th by order of governor cuomo, of course, and they were told just of course for health and safety reasons, not just to the broadway community but of course, the broadway theater-going people who obviously might have been definitely exposed to all of that. let me just explain a couple things about some of the shows. 41 theaters as you mentioned,

all of them shuttered, and we do know that some shows that were scheduled to open, we have a list of some of these, girls of the north country actually opened but others were expected to open in april. girls from the north country, six, about henry viii's six wives, mrs. doubtfire, all postponed as far as their openin openings. some of these shows will have an opportunity to reopen. you have to get people back into new york to see them and that's almost an impossibility. we do have a call in to cbs and the corporate communications of that but as we are continuing to follow this story, we did want to tell you we have one actor, one broadway actor we know who has tested positive for the coronavirus and we know this because he actually tweeted, he says he's getting better but particularly, this is an actor by the name of aaron veit, one

of the big stores of moulin rouge. he tweeted out he tested positive, has been on quarantine since about -- i think about march 12th since the show's close. he says he's feeling much better. oddly, he says some different types of symptoms, he's lost all sense of taste and smell at the moment but he is quarantining himself and urges everyone else to be very cautious. there are 14 broadway unions. what about the actors being paid? the unions represent everybody, not just the actors but we are talking about the stage guys and about the directors and the writers and the producers, everybody. they negotiate with the producers. we understand all unionized employees will be paid for the week that was cut short by the shutdown and the following two weeks, but then depending on the union, the pay starts to scale down. even with the stopgap measure, all of the road shows, we are looking at everything that has pretty much shut down.

we don't know exactly what's happened. the broadway league is the national trade association for the broadway theater community [ inaudible ] recommence the week of april -- cheryl: liz, i'm so sorry to interrupt. you are getting -- it's beautiful but it's windy and we are getting a lot of interference on your microphone. but you look beautiful. thank you for the exclusive on the tonys. thank you so much. it's just a little windy out there but you look great. liz claman, thank you so much. we will see you very very soon. liz claman. of course, this is "the claman countdown." we will get her mic fixed very soon. let's talk about these airlines. we have been watching these from outer space. airlines taking flight today, even in the wake of delta's junk status. the airlines are having their best day since 2008, believe it or not. remember i told you about united earlier just getting hammered, 50% down. look now at united, american and jetblue. these stocks are actually taking off right now, if we can get

them up. trust me, they are moving. also, you have hawaiian, southwest, spirit airlines, these are the names to watch right now. these were some of the hardest hit stocks that actually started to rally. the question now is, is there going to be opportunity in china for the international airlines once this lockdown in wuhan is lifted. to our traders, we do not have steven guilfoyle on the phone. phil flynn is back with me. thank you so much, sir. i know that you obviously were talking about oil and diesel and jet fuel, but what about the airlines? i mean, this is a piece of the story that we really are trying to follow now, as these stocks are actually doing better and you've got oil which is great for the airlines, below 30 bucks. that's kind of a nice thing. >> absolutely. as people get back to flying and traveling, which the market is anticipating, this is the best time for airlines. diesel fuel demand had the biggest slowdown in history and so the prices have come down

pretty dramatically. they are the lowest they have been probably in 30 years. so if the airlines can get people back in the planes, which the trump administration seems to be suggesting we are moving closer to opening up the country, that's going to go a long way for helping these airlines. also, too, the talk of the stimulus package, the help for the airlines should give them a little bit of a safety net. that also has given us a base. so people that were afraid to touch the airlines just a few days ago are jumping back in in a big way. chevron announced today we have to cut capx, we are cutting back on spending. that stock is soaring as well. so these are the signs you look at. when you think the bottom is near, and these are very positive signs that maybe the worst is over. cheryl: i want to bring in steven guilfoyle, sarge, we call him, who is normally on the floor of the new york stock exchange. obviously what we are seeing right now is i don't want to call it a relief rally but it

certainly is hey, the senate is going to act, we are going to get this stimulus plan, anywhere from we heard 1.6, 1.8, $2 trillion juicing the economy. at what point do you as a market maker start to say okay, there are some pieces of this economy and this market that are kind of ripe and ready to go? >> i'm not sure we are ready to go. i understand the fiscal package is giving us some support today and that does bridge solvency issues of the household at the corporate, regional and local levels which is very important. it allows local and state leaders to address the logistics and expense of the coming nightmare they truly will soon face. we really can't venture too far out. i might increase positions i already have but i'm not entering new ones. we need to see a restoring of confidence and i think we are a long way from that. we need to see confidence not just in financial systems but in support for transportation and in states doing interaction at

the point of sale, in natural everyday encounters. you can't have that until you have say a medical breakthrough or a strict improvement in the code of conduct we are seeing from our fellow americans. you get those things, maybe you can reopen the economy as the president's saying by easter sunday. otherwise, i'm not sure that we get there. cheryl: yeah. phil flynn, i want you to comment on that because even, you know, whether it's options markets, whether it's commodities contracts, whether it's the equity market, everyone right now is searching for that like magic, you know, pill. no pun intended with the coronavirus, we have to see the virus's peak. once we know the peak is hitting and governor cuomo said about two weeks out, maybe, at least in this state, that's when i think you would start to see real interest in the market and maybe a real bottom. >> i think you are absolutely right. i will tell you this. i don't know what the medicine is to cure the coronavirus but i know how to cure a market. i will tell you what, with the federal reserve, what it's done is unprecedented.

the type of stimulus they are putting into this economy is absolutely incredible. now, you add to this if congress can get their act together and get this stimulus package to put money back into the economy, you are creating the possibility of an economic boom. i think most experts that i'm hearing believe that we are going to get ahead of this virus. if you look at what's happening in wuhan, hopefully it's only a matter of months, and when it does, the impact of all this stimulus is really going to hit. obviously the people that are really hurting right now, i want to give them a ray of hope because i think this economy was strong going in, i think it's going to be even stronger coming out of this. cheryl: phil flynn, stephen guilfoyle, guys, thank you so much for joining me. certainly we are watching another, well, wild ride for the markets. luckily we are seeing a gain of 9.6% on the dow. thank you very much. we have got more breaking news to bring you right now. we are finding out that top white house officials including president trump and the vice

president were on the phone with wall street heavyweights today, supposedly happened this morning. charlie gasparino has exclusive details on that phone call. charlie? charlie: these are new exclusive details between the wall street executives, people luike dan loeb, steve schwartzman and ken griffin of citadel with the white house. three people from the white house was president trump, vice president pence and from what i understand, also larry kudlow, senior economic adviser. here is the take-away. this is the exclusive part which i think is really interesting. during the call, they did discuss the shutdown and the various lockdowns of the economy that are going on throughout the country. trump, the president, did express his desire to have things open up as soon as possible but he seemed to, at least according to people that were on the call, back off his very sort of line in the sand,

at least some people thought, statement that he wanted everything open, the lockdown to end by easter. he basically said listen, i understand it's a difficult time, i'm paraphrasing basically what people r, just so you know where i'm getting this from, he seemed to back off that draconian line in the sand we must open by easter and came back and said i understand this is a difficult period, i would like this open as soon as possible and then they gave him -- they gave him their best estimate, what they totally ruled out, from what i understand according to people on the call, is that the lockdown is going to end in the next two weeks. the hospital systems are just starting to overflow right now with cases, particularly in new york, and icus, so the lockdowns are necessary essentially. that was the message they gave the president. we should point out the president did not argue with them. he was in an incredibly constructive meeting, from what i understand, where he just sat there and listened and asked some very good questions. at least that's what people

inside the room were saying. and these are not necessarily all trump supporters. these are people that would be critical of him, particularly off the record, and they were not. they said he was very measured, he was astute, he understood the problems and he basically listened and tried to learn from this. other things they talked about, we should point out, is the sort of lockup in the real estate markets. apparently banks are not lending to people. they are calling in loans. they are demanding collateral only in cash. that's causing a lockup in various small markets including real estate. so what we are getting is a crash in real estate prices. i know the markets are up today. some of this is short selling. but we got a long way to go in terms of improving the economy. the one other thing they came away with, these investors, is that the white house is saying we are very close to getting a deal. yes, we are arguing about -- basically they said the word from the white house is that

they were arguing with the democrats over minutae at this point. this deal is coming, it's going to be a huge fiscal stimulus package and you know, it's designed to juice the economy once we get out of this. i guess the main takeaway here is this. trump is showing some signs of compromise on that whole notion of ending this by easter. he understands it's a difficult problem and understands the lockdowns might have to last longer. it is not a line in the sand. at least that's what's indicated to me, to major investors. back to you. cheryl: yeah, the line keeps moving, to your point. great reporting, charlie gasparino. again, exclusive reporting on what happened this morning. charlie, thank you very much. we are on your markets right now. we've got seven minutes to go. take a look what's happening in these markets right now. as you can see, the dow, 1935. we are at session highs. this is it. we were up 10.30%, 10.34%.

right now the dow is up 1939, climbing and climbing. we've got six minutes to go. we are looking at potentially the best day from a point perspective. you know i'm talking about the points, since 1986 for the dow. obviously this is a big story. a lot of this is based on what charlie has been talking about. we were reporting on this all day on fox business that we probably are going to get fiscal stimulus phase three, basically. one of the senators on the floor today when he was talking mentioned stage four, the minute they sign this they will move on. then obviously the question mark is now for the markets, when do you see the virus peak, when do businesses start to maybe get back to normal. no time frame, no line in the sand, but with these markets right now, as you can see, markets are saying okay, we feel like buying today, this could be program trading but a lot of individual investors are participating really in this market right now. also, crazy transition to baby

yoda but it's true. baby yoda made his european debut. disney plus launched in the uk, in ireland, italy, germany, spa spain, austria, switzerland. there will be reduced picture quality that helps prevent overwhelming the strained networks amid everybody being at home and streaming. investors still waving. disney on track for its largest percentage gain since may 2009 and the dow now crossing the 2,000 mark. another incredible day for the markets. this is now week three that we have had this crazy move in the market. 20,620. the markets are ticking higher, ticking higher. we are waiting on washington. now, away from the dow, want o e show you what's happening with t auto makers. they are putting the pedal to the metal when it comes to stopping the virus in its tracks. want to bring in lauren simonetti. you can keep the bug up if you want but lauren is a pretty girl. what's going on? lauren: keep it up.

i want to talk about tesla. the news is not bad. yes, they got a downgrade, couple price target cuts but we are talking coronavirus. are people going to buy electric cars if they aren't sure they have a job? they said they will deliver 20% fewer vehicles but elon musk is willing to produce ventilators. he bought a thousand of them from china to deliver to california. he says if there is shortage, both tesla and spacex can make them. he is talking to medtronic to do so. governor cuomo at his briefing, dire warning, needs ventilators. ford is exploring how to make medical devices in the plant in michigan. ceo loved the quote from jim hackett, we empowered our team of engineers to be scrappy and creative to get the equipment we need. that is the spirit of america,

getting scrappy and creative to make sure every is safe and treated for the coronavirus. cheryl: dow hitting highs as you were joining me. 20682, excuse me, 20,682, we're looking at numbers jump and jump. right now, three minutes to go to the closing bell. let's bring in our closers, guys, talk to them see what they're saying sean o'hara, pacer etf distributors. also on the phone, chris rentzler needham funds. chris what do you make of these numbers, dow above 2,000? >> welcome to see the market driving forward for longer term investors. there has been a lot of great opportunities although painful to kind of pull that, if you take a long-term view we find there are great opportunities

out there and still will be. cheryl: sean, biggest intraday point gain ever. we're off the highs where we were sitting a month ago but what is happening in the markets right now, sean? why are the markets hitting these numbers, hitting these highs, excuse me? >> volatility is based on one simple fact. the we don't know what earnings are for the stocks at moment. we know they're going to be worse to going to into the crisis. we don't know what they will be after the crisis is over when they start to report. that is causing data day volatility. up big one day, down big the next day. i think there are opportunistic buys here. there are names, if you have a long term time horizon there are terrific high quality names in this market that generate free cash snow and low valuation, pay dividend yields and if you're a long-term investor you're given opportunity to buy those.

i don't think we'll see volatility go away until we can stop the curve. i think of the curve of new cases going opposite direction of the market for a while. when the curve bend on the virus, that will give us data we need going forward and insight what is happening with the market with earnings, revenue, gdp that matters in long run. cheryl: chris, this happened in the last three minutes. what is your take? >> three areas we're looking at, semicapital equipment that will continue to find bumpiness as people buildout. another area is great is software security. hackers and those bad people out there continue to go after our systems. with everybody working at home -- [inaudible]. again really long-term investors we think that the transportation area, company like --

[inaudible]. cheryl: 14 seconds to bo. [closing bell rings] sean, chris, thank you very much. the biggest percentage gain on the dow since 1933. history just made in front of your ice. the dow up more than 2,000 points. that is it for "the claman countdown." now "after the bell." melissa: wow, what a day, look at the market there, closing up better than 11%. green on the board. stocks hoping on a 2 trillion-dollar stimulus package. i'm melissa francis. hey, connell. connell: melissa, i'm connell mcshane, this is "after the bell." we've had down days, but this is largest up day in history of point terms in the history of the dow jones industrial average, up more than 2,000 points. percentagewise we're up 11% which is nothing to sneeze at either. the best day for the dow was a 15% gain. team coverage