overall, spirits are up. stuart: good to hear. i want to say one thing, i think it is a great privilege to be sitting here in the middle of 2020, 2020 in historic and tumultuous year. great to be here. great to be on tv in front much all of our great viewers. my time is up. neil, it yours? neil: stuart, thank you very, very much we're monitoring same thing you are, seems to be a record-setting day at corner of wall and broad. likes we haven't seen since the early last month. again the catalyst for this, this stimulus catalyst approved in the senate. did heville in the details. we still don't know all the details. all of this despite jarring development on the latest jobless claims, 3.25 million americans filing for jobless benefits. we've never seen the number that high. in fact it is triple the old record that was established back in 1982 when ronald reagan was

president. that was then. a lot of people think it is fundamentally different this time. all of this is really catalyst, via a virus. but again, one of the interesting things i'm also following is that we still have negative interest rates at the very, very front of the so-called yield curve. one month and three-month bills are still in negative territory right now with the one month bill at negative .117%, the three month bill at negative 0.348%. i hate to add that. that is actually good news. people don't look at a prospect of negative rates as good news but what it means technically, when you give the bank your money, you have to pay them for a privilege. a lot of people look at that, say, what the -- i will take my chances in the stock market. at least with conservative investments and dividend yields north of 3% i could do better almost doing nothing. that is the view.

it benefits stocks. the fact we think we're over the worst of the potential economic impact of this. that might be premature. it is combining to help stocks today, particularly boeing, and american express and coca-cola. virtually all the airline issues that will be big beneficiaries of the rescue package. but on to the jobless claims and this jarring number. connell mcshane on that. hey, connell? connell: neil, we may have to get to a good news environment, we saw that this morning and we may continue to see it for some time. to begin with, the stock market, stat of the day as we see the dow up nearly 1200 points intraday, if it ends up these levels it will exited believe it or not bear market territory almost as quickly as it came in. that is one of the signature elements of this volatile period of trading we've had, the speed

of the markets. if the dow is up 11110 points or more today it will be out of that period, dropping quickly, from a high i should say quickly coming back 20% from a low. if you break it down by industry, in terms of winners on the dow, we talked alot neil, about the likes of boeing. it has come back the last three or four days aggressively. it makes the list along with amex, coca-cola, home depot and chevron today. you could make this argument, some that manage a lot of money are, stimulus, better phrased the relief bill that has passed is kind of overriding the news on jobless claims, or maybe investors had as bad as it was baked in that number. it was brutal this morning to see nearly 3.3 million people filing for unemployment for the first time last week. it is not as if that broke the record. it shattered it. we had not seen a number like that ever, 695,000 in a week was

the previous record set way back in 1982. even at the heights of the financial crisis in '08 and '09, we never had a week above 665,000 which is what we hit march 27th of 2009. the other point is economic growth here. we have to follow these numbers. i'm talking about where we'll see very, very bad numbers for the overall economy even if the stock market comes back off its lows. 2.1% growth in the annualized basis in the fourth quarter last year that is the so-called cushion we were told we had coming into this. not crazy growth. only growing 2% rate. we know at this point that growth will turn negative. in fact we know it when we heard this morning on "the today show" on nbc from fed chairman jay powell talking about where this economy might be right now. here he is. >> we may well be in a recession but again i would point to the difference between this and a normal recession. this isn't, there is nothing

fundamentally wrong with our economy. quite the contrary, the economy performed very well right through february. people are being asked to step back from economic activity, close their businesses, stay home from work. so in principle, if we get the, get the virus spread under control fairly quickly, then economic activity can resume and we want to make that rebound as vigorous as possible. connell: one of the things, neil, that people are really watching for, again wall street folks and others is this split and we'll see how it is with the real economy, where people are suffering, people are losing their jobs and financial markets which anticipated some of these moves, moved lower before they happened and turned around before the real economy does but, boy, it has been some week on so many levels but in the stock market to see the bounces we're already back to 22, four, on the dow after falling well below 20,000 the other day.

neil: wild swings are routine up and down. you need dramamine for it. connell, thank you very much. we'll be revisiting connell a number of times in the broadcast to keep you up to date. the dow if it were to maintain this, out of bear market territory. the question whether it can do that and hang on to that. there are all sorts of definitions of importance of something like that, that it is longevity of a bear market tends to make a difference. 20% from the highs, we are as much as 38% from our highs. it is how long you're in the basement so to speak that can decide whether you're really on the main level of a house after all. so we'll focus on that. we're also focusing on oil heading south, gold heading north. people are still hedging their bets. we're exploring on what happens on the small cap stock fund. there might be a bit of a comeback because they have gotten disproportionately hit hard on this.

a lot of this improvement really owes itself to the stimulus measure passed last night in the senate. the house takes up the similar measure. there are not a lot of differences between the two. the hope that 1200, anywhere 2,000-dollar checks, $500 a lot of people's kids will get it, how soon will people get their hands on the money. hillary vaughn is watching that closely at the capitol. reporter: that is the number one question we're getting, when can americans get hands on checks, direct payments. really answer to that hinges when the house passes this senate version of the bill. i asked house speaker nancy pelosi a few minutes ago why should we not choose to pass this bill by unanimous consent? that is the fastest way to get the bill on the president' desk? here was her explanation. >> i don't think we'll get unanimous consent. i think people here on the other side of the aisle coming here would object to that.

we expect to have a voice vote on it f we don't, we will be prepared, we will be passing the bill tomorrow. reporter: for people waiting for checks this is what you get. single filer up to $75,000 a year, $1200 for a couple. 150 combined a year. 500 additional for every child you have. it starts to phase out $75,000 if you're a single filer up to $99,000. five dollars is subtracted for every one hundred dollar increment above the 75,000-dollar threshold. if you're making $75,500, you would receive $1175. that is essentially five dollars less, $25 less than the original rebate amount because you're $500 over the thresh hold. here is example for a couple. if you make $150,000, with one

child, your credit would be $2850. that is 2400 of the original credit, plus $500, then subtract 50 because you're $1000 over the threshold. here who gets money. you have to have a work eligible social security number. can't be dependent on other taxpayer. it also applies to people whose sole income is social security. here is how you get the money, many people, no action required. you used the tax return in 2020, your 2019 taxes if you filed them or they will take your 2018 tax return. if you received a refund, via direct deposit. that is how you get the money. or you will get a check in the mail. you don't have to do anything other than that, neil. neil: that is not too shabby if it works out that way, that is confusing math. thanks for leading us through it. hillary vaughn on all of that.

pat toomey, republican from the beautiful state of pennsylvania. a lot of people are focusing on that, average americans want to get their hands on that dough. is it your understanding this three-week time frame is about right? >> that's my understanding, neil. you know, the treasury has been through this exercise before. it has been quite a number of years. one hopes that the technology has advanced since then but i think the treasury secretary is pretty confident we can get this done, i think the latter part of the first or maybe more likely the second week of april. neil: senator, we're just getting word toyota motor will extend shut down of all factories in north america, rather than end of the month, i guess through april 17. part of the strategy behind the stimulus was to mitigate layoffs. layoffs will still come. you can't stop them in your path.

is it your hope jobless claims figures like we saw in the latest week for 3.25 million will continue to move up pretty smartly before they stablize? >> that is not my hope, neil, but it is my fear. i think the legislation we pass will go a long way to reducing massive layoffs but there is still going to be significant number of layoffs. one of the things that has not been focused on very much is a provision that we put in this legislation to allow large corporations to get a tax credit for 50% of their payroll. that's basically cut the cost of the payroll in half. so that won't be enough for all companies as revenue has gone to zero or really collapsed. that may not be enough. that's why we have very generous unemployment benefits for people laid off despite that fact. certainly we're hoping to keep

as many people attached to their companies. we're hoping that this shutdown of our economy is brief and we're hoping that people will have an employer to go back to. that is all part of the plan. neil: you know, another provision in there is that companies that do get loans, emergency loans, what have you, if they keep their workforce in place, i'm over simplifying it there, those loans turn into grants. in other words they don't have to pay that money back. a lot of them will be betwixt and between. how many you suspect will keep workers on to change a loan into a grant? >> so the provision you're describing applies to small businesses. there is a limit. neil: right. >> a business in order to qualify has to have fewer than 500 employees. now 500 employees is not a tiny business obviously but that's the, that's the limitation. there is a limit on the total amount of money that can be borrowed.

that's $10 million. but, you know, when you think about it, if you can borrow money and to the extent that you maintain your labor force, you don't ever have to pay it back, why then that is the government really paying for your payroll. so that is, that's a huge deal for an awful lot of companies, those that qualify. so we're really hoping that there will be a lot of up take on that. there will be a big execution challenge. we have never before had anything like this, right? universally available program whereby the government pays the payroll of virtually all small businesses? that has never been contemplated before. so you know, you know it will take a lot to get this done, but that is very much the plan. neil: we'll watch it closely. senator toomey, thanks for joining us. appreciate it. >> thanks, neil. neil: all right. thank you, sir. all right, now a lot of this hinges on americans getting

those checks sooner the better. now many, you might recall yesterday at this time there was concern there was a snag here on those unemployment benefits which by some people's math so generous, extra $600 a beak, they might make people stay on unemployment and seek an alternative private sector job. steve moore joins us, former trump economic advisor, best-selling author. this was passed unanimously yesterday but that is a concern, is it not or is it a worry that's been overdone? >> it is a giant worry. it is the thing that is keeping me up at night among other things right now, neil. i think that, this bill which, on balance is certainly going to help people -- by the way, incidentally, neil, can we stop calling this is a stimulus bill? this is not a stimulus bill. it is an aid bill. there is nothing to stimulate the economy. there is nothing in the bill

that will stimulate productivity. we'll actually need a bill to do that. this bill simply providing aid to businesses and workers that need it to get through the next couple of months. now, on this issue of the four months of unemployment insurance, i think it was a big, big, big mistake. i worry because, you and i want to see a v-shaped recovery, not an l-shaped recovery. hopefully when we're out of this in a month or two, we get people back on the job, i think it is going to be really difficult to get millions of people back on the job if you're providing them 100% of their paycheck if they don't work. economics is all about incentives as arthur laffer taught us. if you pay people not to work, they are not going to work. neil: you know, i also wonder too, everyone needs money, no one will complain about money coming their way, if you're stuck in your homburgs of the virus, there are no stores to go

go to because of the virus, will people spend that dough right away? >> people will need it to make their mortgage payments, to pay their bills, their utility. people will need it for their groceries. look i'm, not opposed to providing some people with, some cash here so they can get through this tough time. we don't want people to go hungry, homeless, not being able to pay their bills. similarly the most positive thing about the bill is those loans to the small businesses because, you know, i'm on the board of a small business. if we don't get that loan, we're out of business and we close up, we have to sell all our assets at 10 cents on the dollar. so this is a way to make sure, look, every decision we're making in washington now, should be how do we set up this economy so we'll shoot out of this like a cannonball as soon as the economy opens up? and the problem i think, with some of the thinking in washington it doesn't matter how

much, how many trillions of dollars the fed puts, injects into the economy, doesn't matter how many aid bills are passed, neil, if we're not starting to produce things again, what are people going to buy? production, the entire economy starts with people producing things. that is where we've seen, you know the breakdown obviously. that is why i wasn't so surprised, neil. i'm surprised people are surprised by the 3 million jobless number. when you shut down half the economy, you will get a lot of people lining up for unemployment benefits. neil: longer they're sheltered at home, the longer this could be a problem, right? >> you better believe it. i know the president, this i know is controversial but i think the president made a very wise decision, shooting a little bit of confidence in people, a little optimism that there is a light at the end of this tunnel. hopefully by easter sunday we'll get things on at least a rolling basis, people back on their jobs, businesses up and running. because what my worry is, the

cascading effect of having the economy shut down week after week. when people talk about seven or 10 weeks of a shutdown or 12 weeks or more, then you're not talking about three million people unemployment insurance, you're talking about 30 million people. that is scenario none of us want to see. neil: i hear you. steve moore, thank you very much, my friend. be well, i appreciate it. >> thank you, neil. neil: steve moore. you know there is an interesting virus test that's out there that will shorten the wait time to about 2 1/2 hours to conclude whether you have coronavirus. typically it takes anywhere from two days to five days. some case as week. so that is going to mean a lot more cases are revealed to the globe. then what? after this.

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♪ neil: there are about 70,000 coronavirus cases in the united states and about half of them are in new york state. alex hogan has the very latest from new york. alex? reporter: neil, this is a new project. it's possibility of taking the convalescent serum or known as plasma from patients who

recovered from covid-19, giving that to people who are still fighting the illness. hundreds of scientists, physicians around the country are working on this project. among one of them, a man named arturo who says this is not a vaccine. >> this is very different. this is it taking the antibodies from someone who has beaten the virus and recovered and transfer them to the person. so the antibodies already come made and they provide immediate protection. one doesn't have to wait for this to happen. as soon as they go into the body, these antibodies are able to protect us from the virus. reporter: since february the doctors began using plasma from recovered covid-19 patients. a network hospital here in the u.s. taking the same approach, the covid-19 convalescent

project. it dates back more than 100 years. it was used in previous pandemics like ebola, sars and the 1918 flu epidemic. the fda says they are using it for compassionate use around the country. he is calling this not a solution but a short-term fix. >> i think eventually the biomedical industry will give us anti-bodies and drugs and vaccines. i am confident humanity will beat this virus, i really do. i think we need to, we need to do it as fast as possible and convalescent serum may provide you with some time. reporter: already here in new york we are hearing that some hospitals are asking patients who have recovered from covid-19 to come donate their plasma so this could be used and of course tested, and in the future we can see if this prevents people like medical

workers from getting sick. again, neil, we need many more clinical trials to really understand this virus. neil? neil: indeed. alex, thank you very, very much. alex hogan on those developments. by the way we have dr. nicole saphier with us right now. you know, doctor, so much i want to get into with you, including deaths that continue to climb in places like spain, like italy. the rate has slowed down, the rate of increase has slowed but it is still very, very high and i'm wondering why that is in those places where 70% of the deaths globally have been confined to europe by and large? what's going on? >> well, that's a great question, neil, in contrast to what alex is talking about, alex is talking about some breakthroughs how we will treat the virus, but the bottom line we need to continue to starving out the virus so we have decrease in cases. what we're talking about seeing in europe, italy and spain

already surpassed the amount of deaths mainland china saw. a lot of that has to do with faulty testing. a rapid test spain was using to test for covid-19 they got from china. they had about a 30% sensitivity. which means that it only had a 30% chance of actually identifying if there was a viral infection there. what have we been saying the whole time? we have to test people. we have to identify those that are positive and quarantine them as well as notify their contacts. if they have a faulty test with 30% sensitivity, no wonder cases continue to climb because they're not adequately identifying who is infected this is the very reason that the united states rejected these tests in the beginning. unfortunately our own tests were also somewhat faulty in the beginning. but now we have a plethora of private companies stepping up, providing significantly more accurate tests in the united states, including rapid tests now identifying if anti-bodies are present. these are all extremely important. which is why the united states

is actually seeing some areas with the doubling rate prolonged, meaning that it is taking longer to see more cases. that is because we are getting a bit after handle how we are testing people. in europe unfortunately they're still using a lot of faulty tests. they did not, they did not do the restrictive measures such as travel bans early on as the united states did. neil: do you have the virus doctor, if you have the antibodies associated with the virus because by that definition exponentially the number of cases would increase especially since there are more tests now that readily identify either the antibodies or other features of this virus in as little as two, 2 1/2 hours? >> that is a very good question, neil, and something i brought up during our virtual town hall we had on tuesday. so, the nasal swabs we've been talking about, they're looking for the actual rna of the virus. that is to see if the virus is

present. these anti-body tests are completely different. they're seeing if your body has been exposed to the virus. it doesn't necessarily mean you have an active infection. they're looking for two specific types much antibodies. one we call igm -- neil: all right. i apologize for that but it is the nature of the technical beast when we go to so many remote and remote locations. the doctor fleshing out we can readily identify those who have markers for this virus including the antibodies in their system that can telegraph it is present and that will lead to an explosion of the number of cases. the flipside of that, you can more readily identify who has it and where and it also means you have a better percentage, or the denominator if overall number of cases are so large, the death rate comes down on a percentage

basis as well. you looking a it from all angles, as will we, what they're doing in chicago, there is shortage of hospital beds. so some hotels are opening up their rooms to help out, after this.

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it's putting that hard asset as insurance, you might say, against the paper dollar. that's why i bought gold, it's not for my insurance, but it's for my daughters' and the grandchildren's insurance. that i felt like that generational aspect of passing down gold, is securing them a future. of course, nothing is without risk and that being said, i feel that by diversifying with precious metals, that i am covering my bases. it's a hard asset, you can turn it back into cash. whereas keeping a lot of cash in your bank account can really almost end up being nothing. you have these dollars over here sitting in a bank drawing practically zero interest. i think gold and silver has a greater potential

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♪. neil: welcome back, everyone. 33 minutes after the hour. a sign of our times i want to pass along an item that our producer passed along to me. 7-eleven is now installing plexiglass sneeze guards at all the u.s. stores. i've seen variations at grocery stores and like but continue as theme playing out across the country to make wherever you go, a very careful, keep your distance process, to protect not only workers in the stores but yourselves. 7-eleven with the plexiglass sneeze guards. i wonder how it will be ordering

a big gulp? that is issue we'll explore. grady trimble says hotels are renting out rooms to make up for hospital beds that could be very soon in short supply there. grady? reporter: neil that is one of the hotels instead of normal guests but they have coronavirus patients who don't necessarily have symptoms bad enough for a stay at a hospital. the city of chicago rented 1000 hotel rooms around the city, and frankly there are plenty of hotel rooms available. the hospitality industry hit hard by the coronavirus. occupancy has simply plummeted. some hotels decided it makes better business sense to close than have so few guests at them. others are taking part in the program. here is how it will work. it will employ hotel staff like chefs who cook three meals a day for the patients as well as housecleaning that will do cleaning after getting special training but the city staff interacting with the patients

directly. chicago is not experiencing a hospital shortage of beds or overcrowding like some states including new york, but there are concerns if this ramps up here it could happen. this plan addresses two issues. it helps the hospitals by keeping much-needed beds available but helps hotels as well by filling rooms that would otherwise be empty. >> if you look at any of the impacted industries, hotels definitely are at the top of the list. we've seen occupancy numbers go from 70 to 80% range to single digits in many cases throughout illinois. so when you reach that point, it is hard for a hotel to justify keeping the lights on and keeping doors open. reporter: the city is essentially paying the hotels break even rates. and they have 1000 rooms right now but the program could expand if it goes well and there are plenty ever hotel rooms available across the country. a lot of cities and states are concerned about overcrowding at

hospitals. city officials here say it is a first of its kind program. if it goes well here we could see other localities roll it out neil? neil: grady trimble, thank you very much, my friend. carol roth, former investment banker, what she makes of all the developments, which includes the stimulus measure, to curb anxieties and maybe get small businesses back on their feet. carol, always good to have you. thinking going into to you, hearing from grady, hotels get retrofitted with hospital beds, that has got to scare businesses in general, doesn't it? say nothing of just average folks. >> certainly it is a very scary proposition. i think about having a bunch of patients all coordinated in one area. then imagine you're a worker there, you're, you are housekeeping. now you have to clean this. i like the fact they're trying to be entrepreneurial, but i think my biggest issue in all of

this, neil, there doesn't seem to be a coordinated plan. obviously there are a lot of unknowns. there is not even a master plan that sort of changes as information comes up. seems like everybody is making it up as it goes along and it is very difficult for anyone, whether you're a business, whether you're a worker, whether you're average consumer to figure out how, what to do, how to behave, without some plan that coordinates the shutdown and the economic measures all together. neil: i'm just wondering, a feature of the small business part of this, if memory serves me right, carol, that you can get very low interest rate loans through the small business administration, if for example, you don't fire any folks, those loans become grants, you don't have to pay them back. but a lot of businesses will be hard-pressed to honor that especially if this drags on a while, right? >> this is such a frustrating aspect of the situation. there was opportunity for congress to step up and finally

do something right by small businesses. 50% of the employers in this country, 50% of the revenue, 30.2 million of them, they're treating them like second class citizens. groups like the kennedy center and nea getting grants, yet you're a small business can barely make your own paycheck as an entrepreneur, and now you're saying that you need to go and you need to get a loan. we need that money as a small business owner today, actually a week ago, not some point in the future. so you are going to a bank. it will take time to apply for the loan. you may or may not be approved. you have to make sure you keep people on payroll for unknown amount of time? just entire structure of this did not do enough to protect the small businesses and that could have very, very serious implications for the economy. neil: you know, i did want to get your thoughts on the jobless claims of the latest week, more than 3.25 million, your thoughts? i know they were

well-telegraphed, maybe even expected but what did you think? >> certainly no surprise. i as many people who follow the markets and follow the economy believe that number is probably underreported, given the fact that a lot of the infrastructure will be shut down and harder for people to make claims. so i would imagine that will continue to skyrocket but when you have, you you know governments across the country, directly and indirectly industries of course we'll have the level of jobless claims. going back to the plan, it was an opportunity, if congress had gotten their stuff together quickly to get money to small businesses to keep people on the payroll. we didn't have to have people going on up employment rolls right away. we could have avoided it all together. but you unfortunately can't count on congress to do the right thing. neil: no, you're right about that carol, thank you very, very much. you know, those in power

sometimes say the dumbest things. the treasury secretary of united states, i'm sure a fine man, steve mnuchin, had been ininterview with cnbc, talking about jobless claims surge, to be honest right now are not relevant whether bigger or smaller in the short term. mr. secretary, they're relevant to those 3.25 million americans who had to file for jobless benefits. i know what you're getting at here, they're volatile around they calm down and things will get better, but when you're saying they are not relevant try telling that to the bread-maker in the family who isn't able to help out anymore. they're relevant to that family, relevant to those people. you and your wife were pictured at the treasury holding a bunch of, a bunch of, 100-dollar, 50-dollar bills. think about what is behind that before you say something as stupid as that. more after this. life isn't a straight line.

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powered by over a century of investment expertise before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ♪. neil: there is some talk apple might be delaying its iphone announcement slated for later this year. you know, always in the details here whether that is a single iphone announcement, all of new generation of products due to come out, usually in the early fall, september around there. let's get the read with dan ives on what he makes of that. dan, it wouldn't be a shocker i guess if this were to happen because everything frozen in place it, would stand to reason because apple already behind the

eight ball, samsung before everything hit the fan managed to get its galaxy phones out there, so is it at a disadvantage? >> this is definitely a perfect storm for apple because the supply chain in asia as we've seen over the last few months, it is starting to normalize, maybe best case by may. from a supply chain perspective it, will be very difficult for them to get this out there. they're behind the eight ball for samsung. it comes down to the demand perspective, release a phone in september, october, called, three, four months, after this lockdown potentially ends. that is not the environment i see them launching it in. i think 10 to 15% chance that it does happen in september, october. right now we believe holiday season is the target. neil: so they can announce something and often times these announcements are teases any way for a product might technically

not available for weeks or maybe months, right no? >> for them it is a balancing act. if you look at six months before, you typically have many apple engineers going to china to predesign. right now that obviously is not happening. the components is another issue as we're seeing throughout asia. they need to make sure, you only get one shot at this, they cannot have a 5g phone come out to tempered demand. that is the important thing right now, cook and cupertino are going after. in my opinion right now, baked into the stock, not just present iphone numbers but 5g go to holiday and pushed out to september or october. neil: we'll watch it very closely, dan ives, calls good seeing you my friend. i always appreciate it. >> thank you. neil: all right. as we were showing you there, some technology etfs have apple, part of them or amazon,

some of the others. they had a remarkable comeback, the components are still in bear market territory, down 20% or more from the highs. but they're up 20% or more from the lows. there is that. we'll keep an eye on that. we already told but the tokyo olympics getting pushed back another year here. what do you do if you're an athlete preparing for that big event. we have one who was, and who is still eager to participate in the next olympics. she is the 2020 olympic hopeful, diver katrina young, who participated in the 2016 olympics. she hopes to revisit this time. can she, will she? we'll ask her. for farmers here, this is our life's work. but when a recall happens, perfectly good food goes to waste.

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♪ neil: focusing on this, one thing for economists to take look at.25 jobless claims, call it anomaly and usual pace for events, that may well be so but for the treasury secretary in an interview on cnbc, to be honest with you i these numbers are not relevant whether bigger or smaller in the short term, well, mr. secretary, they are relevant to those people, those are 3.25 million americans that don't have jobs anymore.

you might look at them as aberration, but they matter to those people because you know what? they don't have jobs! all right, bring charlie gasparino into the mix but, tone is everything, i think that is a very dismissive, condescending, just a dumb ass tone. >> just horrible. the tone of the trump administration early on was to downplay the pandemic fears. to basically say people shouldn't worry about it, go out do what they're doing, that has changed. i think just structurally, economically, what they're doing now is very good thing. that is the act opposite what they did after the 1929 crash. some of the stuff that obama did, opposite of that. which as you know the obama recovery was a very weak one. you know what happened after the 29 crash, they raised taxes, hiked interest rates. so they're doing some good stuff.

this remind me, where people live in glass houses. mnuchin is long time wall street guy, his father was wall street guy. i was having debate with someone comments about selling some of your stock. i made the comment a month ago, late february. if you rode up the market amid major uncertainty now a good time to take some cash. i was talking to average people who may need a cash cushion. guess what, they really need one now. a lot of those average people could be out of work right now. i think when you speak from the ivory tower, you actually don't know how average people live. i think right now, this is a good start. let's hope it works. let's hope the loans to small businesses allow them not to shut down, maybe keep some of their staff. i will say this, the markets were up today, up yesterday. remember the initial reaction to tarp and all bailouts was very positive in the markets. reality set again how deep the recession was going to be. you know, between the time you did tarp, late 2018 and the time

the market settled the bottom, i think that was march 2009, the dow was at 6,000. you know, a lot of economic distress happened. so remember, this could keep going back and forth. again, great start. i will say this though, neil, talking to my wall street sources, number one the fourth quarter gdp print was not great. the economy looked like, it, it wasn't bad but it was 2.1% is about where it was during the obama years. clearly the trade war that trump engaged in was a drag on the economy. so we're going into this with an economy not going gangbusters. we're in a recession right now, no doubt. every wall street source i speak to. i can't tell you how deep we're in it. can't tell you when we're going to come out. i can tell you consensus on wall street is third and fourth quarter. we could if the virus dissipates by the summer at least we could come out of it by the third and fourth quarter plus all the

stimulus. the other things i would say, again, lots of people selling stocks still. there is still a lot of wall street guys worried that we have another late down here in the market. be careful. that doesn't mean you don't dip your toe in and -- neil: look at some of the cures you're looking at some of the stimulus to improve things you have to choose your words very carefully and be aware, 3.25 million, they're human desperately looking for something. charlie: the problem we have is a lot of people don't know what it's like to be working class. listen, my old man was out of work through the '70s. i know what it's like when your dad is on unemployment. neil: we just have to be careful. more after this. is faced with adversity,

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neil: all right. if we can hang on to this for another three hours, it would be the first time since early february that we've had three back-to-back gains on not only the dow and s&p 500 but across the board for a lot of issues that were deep, deep, deep into bear market territory. the dow jones industrials itself may be clawing out of bear market territory if it holds to any sort of gain that would be

north of 1109.75 points. we would then go out of bear market territory which had us down at our worst levels close to 40% from highs reached earlier last month, and now all of a sudden, under the 20% fall-off that would still define at least a correction. we will keep an eye on that. a lot of this is buoyed by that stimulus measure in the senate that was passed overwhelmingly, unanimously, last night. lot of open questions as to what happens in the house right now but right now, they are putting faith in the system that they argue will benefit everyone. lauren simonetti, what have you got? lauren: well, it seems like investors are confident that the house will pass this relief package because the jobless claim report that we got before the market opened this morning was terrible, 3.28 million people filed for unemployment benefits last week. take is t that is the most by far we have ever seen and might actually be

worse than that, because as all these people recently laid off flooded the websites and phone lines of state unemployment offices, a lot of them didn't get through because the offices were so overwhelmed. here in new jersey where i am, they saw a spike last week of 1500% and a similar story in states like pennsylvania, nebraska, ohio, florida, you name it. there is a silver lining in this, and that is the fact that the unemployment rate had been so low that the federal grant that funds these state unemployment offices, they didn't have a lot of money because they didn't need it. well, now they do so a lot of these offices will be hiring workers. you can expect the numbers to continue to go up despite this relief bill that we are getting from congress. lot of unemployment out there for folks. it really paints the picture of the times that we're in. still, as you noted, market is up three days in a row, about 18% in the past three days. looking at the dow jones industrial average and at this rate, we could for the dow be

out of that bear market territory. go figure. but i haven't talked to anybody who said people might be buying today, yes, but we are not out of the woods, at least not yet. neil: thank you very, very much. to edward lawrence now on what we might be able to expect out of the house on this stimulus measure come i guess tomorrow. what are you hearing? reporter: yeah, the house as well as the total government. the administration pushing right now that they want to try and get this money quickly out to individuals but also out to small businesses. treasury secretary steven mnuchin says that once this is signed into law, they want to try and get banks to lend to small businesses by the end of next week. the administration working with house republicans now to try and make this happen. listen. >> making sure we get relief to people so that businesses can keep people employed. we don't want them to feel they have to lay them off and shut their business down. we want to give nem tthem the r they need so they can keep people employed, then we can see

our economy come back quicker. reporter: the treasury department also planning to move quickly on direct deposit, giving money to americans who qualify for this. that's because of irs processing procedures, the direct deposit checks and direct deposits themselves will take about three weeks from signing to stimulus to the money getting out. that puts money into your hands about april 17th, because the house moves up the vote on the stimulus bill to friday morning. we are expecting a voice vote. that could allow the possibility that the president would sign the bill later friday afternoon or friday evening. house speaker nancy pelosi now taking credit for fixing the bill. >> -- in the senate and in the house, we are able to flip this over from corporate trickle-down republican version to bubble-up worker first, families first legislation. reporter: obviously, senate republicans now pushing back on that, saying they allowed democrats to put something into this bill just to get them on

board but again, the name of the game here is speed. with the jobless claims at 3.28 million, a record, it's how quickly can this money get to the american people. house speaker nancy pelosi saying regardless of what happens above anything else, the bill will pass the house tomorrow. back to you. neil: all right. edward lawrence, thank you very, very much. let's get a fellow here who wants to make sure that does indeed happen. he's the former sba latino coalition chairman. very big on the features in this measure that help small business. hector, good to have you back with us. there is a large cart out for small businesses, $360 billion dollar, anything from loans, grants, to special allowances for firms in particularly hard-hit areas, but a lot of average small business, they have no idea of what's in there and how they tap it. what do you tell them? >> well, you are absolutely right.

i'm very glad they are going to approve this because this is going to provide some very needed relief to a lot of these small businesses. and you know this better than anybody. lot of these small businesses can't wait months to get an answer or to get cash for their business. so there's a number of different aspects to this relief package is what i'm calling it and they are going to give some relief for payroll and by the way, they are talking about being able to go into your lending institution and getting that money directly, getting it quickly, and that can help you pay your people for a couple of months. and that's a key thing. we don't want people laying off people because they can't afford to pay them their payroll. so that's going to be important. there's going to be obviously hundreds of billions of dollars for disaster loans. the sba is getting flooded with requests. remember when i was at sba, we dealt with 9/11, we dealt with hurricane katrina and i remember when we had hurricane katrina we got four years' worth of

applications in one month. you are going to see the same thing so people will have to be patient but there's a lot of help out there and there's a lot of people that are willing, ready and able to help these small businesses because at the end of the day, we're not going to get our economy back unless the engine of america which is the small businesses are operating and coming out of this whole once we get through this pandemic. neil: a lot of them can't operate whether they are getting this new money anyway so i get what you're saying about this will be a fallback just in case, but the longer this drags on and they can't open their businesses, they can't see customers, that won't change with a few more bucks in their hands, will it? on the phone: well, it's not and remember, this is a bridge to get to the other side and nobody knows where the other side is. nobody knows when the economy will be firing on all cylinders. i'm thinking of it in stages.

short-term we look at what's happening in the next week to two weeks. midterm, people need to be planning for what they need to be doing for the next 30 to 90 days. and long-term it's the rest of this year. again, the stimulus package is a big part of it. but we may need more later, depending how long this goes. but a lot of small businesses are already transitioning to try to do other types of business. you're seeing examples of small businesses and large businesses trying to be part of the solution of this big problem and helping out with the capacity that they do have for the things that are needed, especially for the people being afflicted by the virus. neil: so we hope. hector, thank you as always. good having you. in the meantime, john rogers, you might know the name, the founder of aerial funds, a small cap funds universe, very focused

on small cap companies, spamall cap stocks have been one sector taking it on the chin i would argue proper thbably more than other. well, he's saying this is a massive buying opportunity. i don't know if he extended that well beyond small stocks but seeing as many small stocks are down 50% or more with some of these averages, that constitutes the majority of holdings, he might be hoping that is so overdo overdone. brett, what do you make of what he's saying, he's a small cap guy saying man, oh, man, big buying opportunity. what do you make of that? >> well, the thing is, there's always the old joke you don't ask a hairdresser if you need a haircut. obviously in my case that doesn't apply. generally speaking, you ask a hairdresser if you need a haircut, they will tell you yeah. you need a haircut.

neil: by the way, you need a haircut. go ahead. >> i think he's right. i would be a bit more wary of buying the s&p 500 here because it came into this quite an expensive market. what i notice is that small caps are down a long way and a lot of overseas markets are down. some overseas markets are down at 30-year lows so i think if you are a long-term investor, if you are talking about your retirement portfolio or you have cash that you spare for a long term investment, i definitely think you want to have plenty in stocks and small caps present very good opportunities just as overseas. however, two things. it's certainly a long-term view. we have had a big rally the last few days. bear markets always have big rallies right in the middle. we've had a lot of short covering because the stimulus package has passed. and what's going to happen next week and the week after is going to depend almost entirely on the

news we get on the number of cases of the coronavirus and the number of dead, the number of confirmed cases. if we see the numbers still are going up and up and up and it's spreading around the country and we start heading down the italian route or whatever, then people are going to say well, actually, business is going to be bad for a lot longer and we may well see another leg down on the market. people have to brace for that. i'm not saying it's definitely going to happen. i'm saying that that really is the next stage of the story. we've had a big bounce thanks to the stimulus which has forced a lot of bears to cover their positions, and has brought some buyers back out. but in terms of long term, if we are looking long term, definitely i would look at small caps, i would look at overseas markets, i think they are down astonishing amounts. neil: i agree with you the pace of the virus itself, all the stimulus and ways to deal with coming out of it, all well and

good. but i do notice that longer term, it's sort of like the trade talks, when they were going on, we had good news on the trade situation or the prospects of a deal, markets were up. when it turned south and didn't look good, they turned south. this seems to hinge almost entirely on at least the rate of growth of this virus slowing. when we saw that out of china it was deemed encouraging until we started seeing it spread to europe, where it rocketed and now account for about 70% of all cases worldwide, and about 75% of all deaths worldwide. i guess what i'm asking you is until that changes, i don't know if there is a bullish argument at least near term. what do you think? >> well, the first thing is, i wouldn't trade, i wouldn't be jumping in here to trade, buy stocks on the expectation they are going to go higher in the next few weeks because as you said, you know, as long as the

virus is spreading, that is basically putting an enormous brake on the economy. i have never seen anything -- i have been around for decades, as have you, and i have never seen anything like this, and the scale of the shutdown. we are talking about a sharper economic slowdown in large parts of the world than occurred in 1932 at the depth of the great depression and right after the second world war when everyone demobilized. we are talking about, and we have seen it in the jobless figures today, the economic damage this has caused is going to roll along for certain a bit, even if the virus abates quickly, and if the virus gets worse, if the epidemic gets worse in the united states and other countries, then this stimulus, we are going to be looking for -- people are going to be looking for a second stimulus. we will see another leg down. but that is, as i said, we're just going to have to wait on the numbers there. neil: i think you're right. brett, thank you very much. good seeing you again.

by the way, to touch on a point brett just made, we are getting an update on the death toll in italy from the coronavirus outbreak. it just jumped 662 individuals, the latest day, to 8,165, the total number of confirmed cases there is up over 80,500 from 74,000 just yesterday. stay with us. you can't predict the market, but through good times and bad at t. rowe price we've helped our investors stay confident for over 80 years. call us or your advisor. t. rowe price. invest with confidence. avoid sick people... and touching your face. there are everyday actions

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neil: all right. it's all about the virus and right now at the corner of wall and broad, all about the buying on hopes that the economic stimulus around the virus will be the welcome news that can make people kind of forget about the underlying virus. but the underlying virus itself is still alive and well, i'm afraid to say, and growing. lauren simonetti with more on that. lauren: yeah. you know, there's no end in sight and we are just seeing the number of cases worldwide rise, including the epicenter here in the u.s. which is new york city. you've heard the dire warnings from officials here and from other states, if you traveled to new york city, quarantine yourself. that does get people nervous. at the same time, if you look at the southern hemisphere, as the

warm weather there, it's becoming winter there, gets colder, they are seeing an increase in the number of cases, too, which leads to this whole seasonal cycle that you might get rid of coronavirus but then it will come back. so globally, the number of cases does rise. i mean, china was the epicenter but now spain reporting more deaths than china and we have a few weeks to go. nonetheless, investors are optimistic that between what the federal reserve is doing, what the federal government is doing, to get money into the pockets of consumers and to get businesses loans that they need to keep them afloat because look, consumers need money but employees need employers so those businesses need money, too. it's very much one and the same. we're just hoping that these jobs stay and workers who are furloughed, who are laid off, have a job to return to when there's a medical bottom of all this, when we see the number of

cases peak or when a year from now we do have a vaccine. z n neil: that would be a big development. as lauren was speaking, of course, it's interesting the pockets of the market that have done well. if you are in the food delivery business, you are in clover right now, especially those services that increasingly are opting for no-hands deliveries. in other words, they leave it outside your door, no human contact whatsoever. that's been sort of like the savior for a lot of people who want food and deliveries, love their local restaurant, whathave you, but this avoids all the other hardships that can come with that. brett larson following all of that closely for us. fox news headlines 24/7 anchor. this is in demand everywhere, isn't it? >> it is, especially here in new

york city. i have been confined to my apartment for the last week and i can say delivery services are working great. it's good to see the restaurants are still delivering. we hope that our neighbors and all keep using them to keep them in business. basically, here's kind of what their thinking is. uber eats is doing this, door dash, what they are going to do is buzz your buzzer, leave it on your doorstep and walk away. they're not going to have that interaction with you where they will hand you off your food. we actually saw this a little bit in china many months ago when they started to go to the quarantine rules that we are starting to have here in the u.s. in some cities, where the delivery people would meet you, acknowledge you, leave it down and you could pick it up and walk away with it. interesting to note, there's a company called axle hire and in a press release this week, they had their -- they are a logistics company, they unveiled a series of no-touch delivery tools because there are still

things you will need to stein f sign for, fed ex packages, you get your little tablet and sign your signature on there. they have a piece of technology where you can download an app on your personal device so you can sign for it on your personal device, not have to handle something that someone else has handled. so definitely a lot of good stuff here. this is also delivery services, this is a great time for companies take are making those delivery robots. we know amazon has been talking about delivery drones. there is a lot of technology that is going to be battle-tested here during this very unusual time. neil: all right. thank you very much, brett larson in the middle of all of that, special delivery beneficiary to new york and elsewhere. again, this has spread nationwide. when we come back, we will be exploring what's happening right now on certainly the spending front, but someone who has actually applied that in

government, not only where they worked in the bush senior administration, i'm talking about the former indiana governor who was also as the name would imply, a former governor of indiana and got the growth and the boom going there, but it's what he's doing at purdue university that is such an anomaly and stands out in these times as such a differentiator we thought we would look at that. right after this.

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neil: all right. amazon is dealing with a devil of a problem with the spread of the virus that's popping up at a number of its warehouses. we don't know exactly how widespread this is, but it is a concern. susan li has much more. susan: facilities across eight states right now according to

"the washington post" in this report saying they do have confirmation of a warehouse worker, amazon warehouse worker, who does have covid-19. two in new york, one in california, kentucky, florida, texas, michigan, oklahoma, connecticut. only one amazon facility has been confirmed to be shut, in queens, new york, with the first case at an amazon fulfillment workers, confirmed to have covid-19. we spoke to amazon. here's their statement. they said we are supporting our individuals and following guidelines from local officials and we are taking extreme measures to ensure the safety of all of the employees at our warehouses and at our site. now, when i asked further about whether or not their employees actually wear gloves they pointed me to their regulations in this coronavirus age and said employees are required to wash their hands often with water and soap or hand sanitizer. we do have amazon hiring more workers to work at these fulfillment sites and also to deliver more of their packages since they do have a surge right now in online demand with people

staying home, not going to stores. they are paying an extra $2 on top of $15 minimum wage and double the hourly pay in overtime through to may. speaking to the experts, asking them how we should safely handle amazon packages, they say if you are going to handle it and open boxes with your hands, wash your hands afterwards. also, maybe you want to let the box sit in its own space for a day before opening it. but don't forget, the amazon boxes have gone through two days of delivery, maybe a day from the warehouses so they see very low risk in actually still having some of the germs and bacteria still on the boxes themselves. neil: we hope. susan li, thank you very, very much. we are showing you amazon's stock prices moving up despite these concerns. we will keep you posted on that. again, keep you posted on the market rally that's lost a little bit of steam but dare i say, it's still up 866 points and other market averages going along for the ride.

this would be the third straight day of advances if it holds, something we haven't seen since early february. that's when we were notching all those records. the catalyst for this is the spending measure, the $2 trillion worth approved unanimously in the senate, now going to the house. not that exact measure, a different measure in the house. they say it will be rememberico and signed by the president. mitch daniels, former governor and budget director under george w. bush and now president of purdue university. i look at him and i don't mean to give him false praise, as one of the calmer adults in the room, in the middle of craziness. stepping back and looking at all of this. always a pleasure to have him. governor, thank you very much for taking the time. >> thanks for having me, neil. pretty sure i look my best in low def. hope this technology works. neil: it does. looks pretty good. you guys have the darndest things at purdue. let me first of all touch on

purdue. i want to touch on stimulus, but you know, scary times, classes are out of session, i assume? can you update me? >> yeah, like so many schools, we are teaching remotely through the end of the semester and fortunately for us, this isn't brand new. majority of our students already took at least one of their classes in a given year online. but like other places, we have had to adopt. our faculty has done a spectacular job. they used their spring break and 5,000 different courses were transitioned from in-person to some sort of remote or online delivery. so we will have bugs to shake out, but we are all going to learn a lot about this. it's going to accelerate a trend which was already in process and i think it's going to propel it much faster across the country. neil: i assume that trend you are talking about is online learning, online classes? >> that's one of them.

i think another trend, however, is the pressure that schools and higher ed was already under, public skepticism about cost, about value, now will only intensify. i'm going to liken it a little bit to the elderly and the people with pre-existing conditions who are especially vulnerable to this virus. there are a number of schools that were already in some -- already somewhat fragile and this, i'm afraid, is going to put some of them in let's say intensive care. neil: you know, governor, you were way ahead of the curve on addressing runwaway tuition, rom and board costs. i would imagine in this environment where now all colleges and universities, certainly most in this country, are, you know, assessing how

they continue, most are doing everything online as things stand but it's open-ended as to whether they will even finish the school year, can you update me on where purdue stands with that? whether kids will be able to return, it's unlikely you will have a graduation? >> well, we have been forced to decide there will be no more resident or in-person instruction through the end of our semester which is mid-may. we were forced like everywhere else i think to cancel graduation. i'll tell you we are announcing today that being purdue, being problem solvers and engineers and so forth, we will have an on demand graduation. our seniors will have their caps and gowns, their diplomas and some fixings to have a proper celebration wherever they are. the show will go on -- neil: how will that be done? that's interesting. >> well, we are still working

out some ideas and a lot of the great ones are coming from our students. but imagine yourself at home with essentially a party pack, all your loved ones around and you will be able to watch at your own time, a chosen time, an on-demand show just like an on-demand movie, it will be the entire ceremony, the music, the speeches, just as though you had been there. neil: governor, i would be remiss, i did want to touch on spending in this initiative, better than $2 trillion worth, to sort of get us through the hump of this virus even though we don't know when this virus stabilizes but it's a lot of money. i know you watch those pennies very aggressively in the bush administration and certainly as governor of indiana, probably better than anyone else in this country. does it alarm you whatever its merits and rationale that we are going in this direction? >> yes, i don't think we had a choice, in the corner that we're

in. i will give you a parallel that strikes me. you have interviewed a lot of people the last few years on monetary policy who have said listen, you better not keep rates too low, too long. you won't have any room, sometimes they call it ammunition, if you have another big slowdown. i think that was true. and i think there's a parallel on the fiscal side. in the boom years we've been through, we should have been running balanced budgets or better and if we had been, this enormous amount of printed money, frankly, would be a little easier to swallow. the problem is, this is the only thing to do under the necessity of the moment. i mean, yes, as always, congress threw some things in there that have nothing to do with getting the heart of this economy beating again. but in general, they had to throw a lot of resources at it. but long term, we are going to pay a real price for this.

this is just the latest exploitation of the young by us elderly people in this country because these bills will be paid one day on top of 20 odd trillion that we have already run up for them. neil: i think you're right. people ignore that. governor, my best to you and your family and your students and faculty. obviously there's a lot on your plate. mitch daniels, former omb director under president bush, two-term governor of indiana. i always like to say and remind people if you are not familiar with what he was able to usher in, the boom that indiana enjoys to this day started with him getting spending under control with tax cuts and never running deficits. that was something, a discipline the likes of which we have not seen prior and we have not seen since. more after this. this piece is talking to me. yeah? so what do you see?

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neil: you know, it doesn't have to be $2 trillion in government stimulus to get the ball moving and help those affected by the coronavirus either directly or indirectly in the financial impact. ashley webster now on some of the big banks that are trying to ease the blow for those that have bills to pay. ashley: yes, don't we all. in california alone, in just the last two weeks, more than a million people have filed for unemployment. it's the same story across the country as we saw from the numbers today. than means paying bills is getting difficult to do, especially the biggest bill of all, your mortgage payment. now a number of banks trying to offer some reassurance, in many cases they are allowing you to suspend mortgage payments for 90 days. if you enroll in assistance program, there will be no late fees, either, and your accounts will not be reported as delinquent. in california, as you can see here, citi, jpmorgan, u.s. bank, wells fargo have all agreed to delay mortgage payments for 90

days. bank of america, by the way, has agreed to a one-month deferment but that can be extended on a monthly basis. it's not just california. we reached out to jpmorgan chase, u.s. bancorp and wells fargo and they say the mortgage relief program is nationwide, a rep telling us quote, we can only provide an industry standard offering which provides for a minimum 90 day forbearance program with month late feno la are committed to working with our kuft mrcustomers during the challenging times. foreclosures and evictions have also been suspended for 60 days. in every case, the best thing you can do essentially is reach out to your bank, ask what relief programs are available. yes, you will probably have to fill out some documents, maybe provide some of those documents and also fill out some forms but bottom line, it can buy you some valuable time. it's not free money, of course. those missed payments will just

get folded back into the loan. but it does something else. it buys you some breathing room which is very important at this time. back to you. neil: especially at this time. ashley webster, thank you very, very much. you know, when jeff flock looks at stories in the world here, he tends to look at things very very differently. we wanted to look at the impact obviously the coronavirus is having but on industries you wouldn't think of, try bookies and betting services. jeff? reporter: i didn't want to miss opening day at wrigley field. that's why we're out here today. you see the beautiful sign. usually on opening day at wrigley field, it's me and my friend pete sitting in the bleachers freezing ourselves to death because chicago, baseball in the spring, but there is a chill over baseball now like you haven't seen. here's a live picture inside wrigley field right now and no, they are not ready for baseball at all. that is bad news for the bookies. the legal ones and illegal ones.

the legal ones, 18 states now have legal sports betting on cubs games, football games and all the rest but of course, now there are no games, no baseball, no basketball, no hockey. you can still bet a little bit on baseball, on draft kings, you can bet on who you think the world series is going to be won by, who the division champs will be. the big money, though, gets bet on football. if we don't have football somehow, people are going to start jumping out of windows. you can still bet on who you think the super bowl is going to be won by and who the nfl mvp will be and who will get picked in the college draft and the quarterbacks that will get signed like cam newton but football, if that goes away, could be a disaster. the folks at draft kings gave us a statement that says they are going to go ahead with their ipo. while we are focused on ensuring the health of our employees, customers and communities right now, our plan remains for draft kings to go public in april.

this was going to be a huge year for sports betting. and the confidence is among those in that sports betting world that things will eventually get back to normal and sometime soon. listen. >> we've always had sports in times of war, even depression, the great recession, you know, has brought us through these times by having an outlet like sports to watch. reporter: i can remember, you know, franklin roosevelt saying yeah, during world war ii, he said to the commissioner of baseball, go ahead with the sport, go ahead with baseball, because the nation needs it. and i leave you maybe with a picture of ernie banks, mr. cub, neil. he was famous for the line "let's play two." today in chicago, they are playing none at all. neil?

neil: surreal. just surreal. jeff, thank you very much. great report, as always. jeff flock. by the way, we are talking about the coronavirus and all this. dr. fauci is on the wires right now saying he will soon get guidelines on how many days a person must wait after recovery from the virus before returning to regular life. he's saying we will get enough experience from current outbreaks so that we won't have to lock down again if the coronavirus were to come back. more after this. as a doctor, i agree with cdc guidance. i recommend topical pain relievers first... like salonpas patch large. it's powerful, fda-approved to relieve moderate pain, yet non-addictive and gentle on the body. salonpas. it's good medicine. hisamitsu.

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have to fly in to actually record their vote. it's unclear whether at that point, speaker pelosi will try to change some of the rules and do it by proxy or what exactly her decision would be, but thus far, i'm hearing bipartisan i don't want to say praise, there are many of us who are just having a tough time swallowing $2.2 trillion price tag that future generations are going to have to pay one way or another, but some important things in there, in addition to the individual tax rebate, which the treasury department is endeavoring to have as a direct deposit into people's accounts by april 6th, older americans who right now have mandatory distributions out of their retirement accounts can leave those funds invested in such a down market and then i'm a former business owner as well. some really important things in there that i think can help businesses. one, two and a half times your

payroll, you can get as a loan and go to almost any bank. the treasury department is really going to broaden the aperture of which banks will offer those loans. if you keep people on your payroll that will turn into a grant. and importantly, you will be able to defer your payroll taxes until 2021 or 2022 and also carry some losses from the last five years. so all of that should keep cash in business's hands. my goal is to keep people on payroll even if they are at home right now so that we are poised to recover when we get over the hump. neil: we will see, congressman. hope springs eternal, as you say. michael waltz, the beautiful state of florida, on the house measure that comes up tomorrow. we shall see. in the meantime, not in the olympics but not giving up hope. olympic diving hopeful katrina young even though she was in the 2016 olympics, was setting herself for 2020. what now? she has some advice as well for

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edward jones is it'swell aware of that.et. which is why we're ready to listen. and ready to help you find opportunity. so. let's talk. edward jones. it's time for investing to feel individual. neil: how would you like to be a former olympian, in fact a big starring olympian in sift it in

talking about katrina young. you're setting your sights own the 2020 olympics. 2016 olympic diver katrina young joining us via skype right now. good to have you. >> thank you so much for having me. neil: let me ask you. you were training to repeat the magic to get involved in these olympics. now they're pushed back another year. are you still focused on making the 2021 olympics? >> yeah. it has been an emotional roller coaster, absolutely. however gone from preparation to speculation and then isolation. and that has been a lot to process but i'm just really happy that we have a decision. so now i can refocus on going to the 2021 olympics. neil: had you already, katrina, made the diving team? were you already going to be a part of that team? >> no, not yet. we have our olympic trials the

month before the olympics were set to start, so i planned on it. neil: all right. a lot of people were betting that you would. so now, i'm wondering how do you recalibrate in your head? you had to put this off another year now. how do you do that? >> yeah. i'm really, really grateful for my coach, my team around me. they helped me refocus and retool my approach in the next 16 months. because i do have to peak at a different time now i'm able to do that with a lot of help from my community. neil: wondering if you do go to tokyo, ultimately you will, you wonder whether in large venues whether people will be a little gun-shy or whether they show up in numbers they might otherwise have? what do you think? >> i hope they do.

the spirit of the olympics is to bring everybody together and unite each other. i really hope that they do. i'm looking forward to competing in them. neil: any advice for all these other athletes who are so disappointedded, they didn't have the benefit like you from coming from a prior olympics? >> i think resiliency can take you a long way, taking a breath, trying to be in the moment. moving forward to adapting what we have, is a good way to approach the future. neil: i think that applies to a lot of venues and a lot of activities. katrina, best of luck to you, thank you very, very much. what a great attitude. katrina young, 2016 olympic diver. hopes to repeat that now in 2021, not 2020. let's take a quick peek at corner of wall and broad with the market racing to get out of bear territory.

it is not holding it right now, but getting very close. third day of heady advances the likes we haven't seen since early february. back then we were in record territory. right now we're not. hope springs eternal. so does cheryl casone in the next hour for charles payne. cheryl: i'm hopeful, neil. i'm cheryl casone in for charles payne. this is "making money." stocks are having a major rally. investor look for first back-to-back gains since early february. get this, we were almost out of bear market territory today despite more than three million americans applying for unemployment benefits last week. so much to get to on the markets, so much to discuss. we have analysis from one and only charles payne who will join me in a f