talk to you again soon. >> give the glory to god. thank you. thanks for having me on. charles: market's back just a little bit here as we head into the last hour of trading. liz claman, i'm buckled up and ready to go. liz: i'm so glad to see you. you are a sight for sore eyes and so are our viewers. i am back. thank you so much, charles. you know what, this is going to be a march to remember or maybe forget. on the final trading day of the month and the quarter, the dow and s&p 500 are wrapping up their worst -- cheryl: i'm cheryl casone in the fox business newsroom. we have had a little bit of moment of issue with liz claman's shot there, as you can see. of course, we are following the market story right now. of course, this is the last day of the quarter for the first quarter and obviously markets are selling off. we had initially started the day, we were actually up higher, then we saw the dow jones industrial actually fall by 134

points, s&p is now down 17, nasdaq is down by 18. a couple things going on. first and foremost, last day of the quarter. just to give you a sense of what's going on with the markets, obviously the s&p for the quarter down about 19%. that's as we were going into today. the dow down about 22% as we were going into today. now, if the dow closes at about 22% lower for the quarter, this is the whole first quarter of the year, we haven't seen that kind of low for the dow since 1987. the s&p 500, again, down 19% and that would have been a level we had seen back in 2008. there's a lot of things going on right now. obviously we are looking at potentially an economic contraction, if you will. but some of you are saying this might not necessarily be permanent but it's something certainly to watch. we are going to get the adp number tomorrow at 8:15 a.m. eastern time. lot of layoffs going on.

obviously we are going to keep pounding on investor psyche with all the industries furloughing workers during the coronavirus crisis but not lowe's. the home improvement chain has a flashing neon help wanted on its sign hanging on the front door. today the company is handing out bonus checks as fast as they can print them. coming up in a fox business exclusive, especially as soon as we get liz's camera back up and rolling, y'all just let me know when that happens, she is going to talk to lowe's ceo marvin ellison not only on how he's helping his employees but how he's keeping his business moving forward as others close up shop. and we are spending buffett's billions. oracle observer bill snead will be here to tell us what he thinks the world's fourth richest man might be spending his $128 billion war chest on, coming up. plus, big show that's been big hot on netflix. "tiger king," the breakout hit

of the coronavirus lockdown, but is joe exotic and his pride of big cats enough for netflix to retain the streaming crown? netflix cofounder mark randolph joins us coming up in a fox business exclusive. we are less than an hour to the closing bell. we will get liz claman back in just a moment. first, let's start "the claman countdown." cheryl: as we wait for liz to come back online, it has been an absolutely wild session for the cruise lines. they are on pace for their worst month ever. two out of the big three were halted early in the session but they have caught some air in the final hour of trading. this industry has been very hard hit, as you know. first carnival cruises, they had disclosed a new $1.25 billion share offering to help raise equity that has paired that

offering with the announcement that it's halting its dividends and buy-backs. take a look at shares of carnival. that stock is up about almost 4.5% right now. but under water by about 73% so certainly, this is a stock to watch and hopefully when the cruise industry comes back, so does carnival. let's go to royal caribbean. that has had a wild session today. the stock was halted earlier on volatility. it too is pushing out its voluntary suspension through may 11th but the company says its cruise with confidence policy which allows 48-hour cancellations through september 1st, that could be a savior for the company. royal caribbean up almost 9% right now. and now to norwegian cruise lines. today, they extended their voluntary suspension of cruises from april 12th to may 10th. that stock gaining almost 6% right now but with no revenue coming in for weeks, that stock is down for the quarter about 80% and again, seeing these

numbers, hearing these numbers, n i know it's rough but this industry will hopefully survive. from sea to air, we are living in a very upside down world, where spirit airlines is moving higher. they canceled all of their flights to and from new york, connecticut and new jersey through at least may 4th. the temporary suspension is going to go into effect over the next few days but spirit airlines right now is up 3.6%. again, to the upside. now in a bid to boost its financial status, american airlines, they plan to apply for the government stimulus package which compromisises $25 billion aid for all passenger airlines. they are the u.s.'s largest airline. they are expected but not confirmed, expected to apply for a $12 billion sum which they hope is going to stave off job losses, but some companies haven't been so lucky. gap and guess are just some of

the latest retailers that are furloughing employees. gap announcing it's furloughing 80,000 of its store workers across all of its brands while guess says it will be closing all of its u.s. and canada stores and laying off all sales associates and 50% of its corporate staff. sea world also announcing it is indefinitely furloughing more than 90% of its employees. that starts tomorrow. as you can see, right now gap is to the downside almost 5%. guess is down more than 3%. sea world is down little more than 4.5%. all right. i hear she is back online. liz claman, come back in here and join me. liz: i just wanted to see if you were paying attention. cheryl: you got me, girl. liz: i am back. glad you were right there. take that baton. all right. we're back. i do just want to say, cheryl was talking about gap layoffs. well, lowe's was among the first

to do the opposite. after seeing a huge spike in demand for everything from cleaning supplies to construction masks and industrial freezers, the home improvement chain put out the help wanted sign and offered bonuses ranging from $150 to $300 for employees but guess what, timing's everything. today is the day those bonuses are being issued and ceo mlion bonuses will not be subject to withholding tax. joining us in a fox business exclusive is the president and ceo of one of the biggest home improvement retail chains in america, marvin ellison. so glad you're with us. you there? on the phone: i'm here, liz. pleasure to be with you. liz: thank you so much. listen, i can only imagine how welcome those checks and the jobs are right now, but what has been the response to the job openings? how many people are calling in and give us a sense of what they are looking for. >> well, we are pleased we are

one of the few companies now looking to hire people. i think it was mentioned earlier, we are looking to hire 30,000 new associates for our company and we have a very robust pipeline. people are coming in the old-fashioned way to our stores, they are going to lowes.com and applying. we want as many people as we can get in to help out in this unprecedented crisis we are dealing with. liz: you know, i know you offer full-time, part-time, but you added seasonal and overnight jobs for displaced workers who are seeking short-term opportunities which i'm sure is extremely helpful. what are you hearing from them or from human resources? are the applicants people who have been laid off due to the coronavirus, marvin? on the phone: it's a combination of all of the above. what we are trying to do is something that's a little different. even if you are seasonal, we are offering you telemed benefits, even if you don't apply for the

lowe's health care program, seasonal, part-time, full-time, all employees and their families will immediately be accessible to the telemed benefit and you know this is a very great program because it gives you the ability to consult with a physician from your home without having to go to the doctor's office. we felt like the minimum we could do in this unprecedented crisis was make sure every single person who works for us has the ability to talk to a physician for any medical related issue. liz: i'm pretty sure that's going to come back to you in many, many ways. what kind of demand spike have you seen in your sales, if you compare to a year ago? on the phone: well, i think the most important thing is every single day, i hear from customers about the critical role that our stores are playing in providing essential products and services so as you mentioned, we are replacing refrigerators that break because

people are desperately trying to keep food and medicines from spoiling. we are selling freezers for people who are buying big food items in bulk that they have never done before. we have people picking up plumbing supplies because things are just breaking like it does at your home in typical fashion. faucets are leaking, toilets are breaking and what's interesting, we are seeing people buying water heaters and updating water heaters because with kids home from college and from school, they are getting more water usage than what they are accustomed to during the day. so you need things but here's what's interesting about our business. two-thirds of everything we sell is non-discretionary. in other words, two-thirds of everything we sell to customers are essential items, just to upkeep your home. now that people are spending more time at home, things are becoming more evident that they need to replace, fix and repair and we just want to be here for the consumers right now. liz: oh, and you are. we should mention you are also

there for those working in the health care industry. lowe's has already made i believe a $10 million donation of protective products to medical professionals. we know your customers want items like that as well. how is your inventory looking? on the phone: here's what i would tell you. every n95 mask we are getting into the store, we are immediately donating it to a local health care organization. we have donated products to nyu langone medical center, emory hospital in atlanta, medical centers throughout north carolina, california, washington state, new orleans. interesting story, i get an e-mail yesterday from a physician at a va hospital in new orleans desperately looking for n95 masks. i immediately contacted joe mcfarland, my head of stores. we sent 1,000 masks over from a local store. we are sending everything we are getting in, we are immediately donating it to a local hospital or health care provider because we are just trying to do our part in the large company to

help out during this unprecedented crisis. liz: all right. you know, i want to know, we already talked about things like water heaters. i hadn't thought about that. i knew freezers, people would want freezers because they are trying to stock up and make sure they have enough for the long haul. it's now april 30th we are doing that. tell me how you are dealing with the online effort, because it's very important that people psychologically want to stay home and physically want to stay home. that has been the order. i know because even back during q4, you had specifically said on the conference call when you reported it that you knew that it wasn't great, that you guys had to work on your online effort and your website. but tell me how it's going and what you plan to do, because i know that when you were executive vice president of stores at home depot, you jumped all over what was a sub par website and by the time all was said and done, home depot committed about $11 billion to fixing that platform. now you are at lowe's. can you simultaneously improve

your digital offering there while dealing with the crisis? on the phone: the short answer is yes. we talk about recently that in 2019, our e-commerce platform was on a decade-old platform infrastructure. a decade old. so we are in the process of replatforming the entire lowes.com site to google cloud. we are about two-thirds of the way through that transition. in the meantime, we are able to offer customers the ability to shop online, buy online, pick up in store. we even introduced curbside delivery, meaning if a customer is uncomfortable coming in, we will bring it out to them. so we are continually taking steps from a technology and also just from a logistics perspective to really organize how we can help our customers. in addition to that, i announced a year ago that we were going to commit $1.7 billion to upgrade our entire supply chain. so we are about a year and a half into that investment.

so everything is getting better and we have an obligation, we got to serve the community and we got to serve customers the way they choose to shop but we have to do it while we make these investments to improve every single touch point the customers expect from us. liz: we love it. this is just the kind of story our viewers have wanted to hear. one last question. some retailers, macy's, gap, either cut or outright suspended their dividend to preserve cash. as of now, you guys have not. if this goes until april 30th or beyond, will you be prepared to do that? on the phone: well, what i will tell you is that you can imagine we are having all those types of discussions with our board of directors. even though this crisis has been paralyzing to the microenvironment, it's still rather early in our overall business cycle. so we are a unique company. we are in season now but we are more importantly thinking about what we can do for our communities and for our

associates so we haven't made that decision yet. let me share one point before i leave. you talk about the checks being received. we made an $80 million commitment to our hourly associates that we would give them checks. we announced last week, they are receiving those checks today. i'm receiving hundreds of e-mails from around the country from associates thanking me. you know my story. i started out as a part-time hourly employee making $4.35 an hour. i have a passion for our hourly work force because they are lifeblood of this company and we are going to do all we can to protect our hourly associates, to support our community, our health care providers and our first responders because that's exactly what big companies should do during this time. liz: marvin ellison of lowe's, i hope you come to new york and come visit us when this all is over. we can't wait until the sun comes out once again. thank you very much for all you're doing. on the phone: thank you. pleasure to be with you. liz: any time. we are going to talk to our

traders next. it's the floor show and it's back when "the claman countdown" returns. it's a challenging market. edward jones is well aware of that. 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.

bewe're bringing the theater home to you with xfinity movie premiere. such news. i know what this is. this is a real thing. our brand new service that lets you watch movies at home, while they're still in the theater. oh, mister elton. ahh! he has figured out a way to be invisible. they picked the wrong woman. just say "xfinity movie premiere" into your voice remote to bring the theater to you.

liz: all right. let's get to the markets and right now, we're looking at the major averages losing some air here. we have the dow jones industrials down about 318 points. we have the s&p down 39. the nasdaq down 81. remember, just last week, we had the best week for the major indices since 1938 so we just want you to be prepared to absorb a lot of movement and a lot of volatility. this has been just a dismal quarter for the markets overall. the dow is on pace for its worst quarter since the fourth quarter of 1987. you remember black monday.

oh, boy. we do have it down about 22%. let's call it 23%. the s&p is on pace for its worst quarter since the fourth quarter of 2008. that's a loss of about 20%. then there is this. the chicago pmi, this is a measure of business conditions, regional business conditions, particularly in the chicago area, well, it slipped again this march to 47.8 from 49 in march. just a reminder, if that number means nothing to you, anything below 50 indicates worsening conditions. but what does it all mean for the second quarter? because we are about to face it tomorrow. goldman sachs, avert the children's eyes, updated its coronavirus projections, seeing even worse conditions than initially expected. goldman now forecasting that the jobless rate will top at 15% while the gdp will slump a record 34%. that's for the second quarter

but while all signs point to a dismal outlook, what's the strongest chance for a recovery in the second half of 2020? let's bring in our traders. john corpina, give me a sense of how you see the second half of 2020 figuring out. >> i think it's way too early to tell. there's so much in front of us that we are weighing on and the impact on the markets are going to be tremendous. so just look at what's in front of us right now. we don't know when stores, retail stores, will open again, when airlines will operate, cruise ships are going to operate. look at the entertainment, hotel industry. all of these have no end in sight. yes, we will get there but at this point it's hard to gauge on that. when we do come back, when the spigot is turned on, ever so slowly, it's going to dwindle, it's going to drip back into effect. capacity in a restaurant that was 100 people will probably be limited to 50. i think the second half of our

year which we will improve and things will get better, is going to take much longer than intooekt we expected. you see goldman's numbers. we don't know the true impact of what this is going to be but we know it's going to be ugly, it's going to look bad, so brace yourself for that. down the road, looking forward months, quarters ahead, we will rebound, we will get strong again, we need everyone to be patient. liz: absolutely. i couldn't agree with you more. friday, we are getting the march labor report, march jobs report, the expectation is for a loss of about 125,000 jobs. i think people need to look at that, expect it and expect a whole host of really bad data, really bad data coming so that they are prepared for it and understand that it's coming, but what do you expect will push the rebound for the second half? is it so much pent-up demand that when things start to open but taking into account that it takes a long time to start up the engines once again?

>> i think it is. i think the best thing we have going for us is history. i think jon is right. we really don't know and when you don't know, you really look back in history at other events and even though this one is different than every other one we've had, there are a lot of similarities. you look at the months you were comparing to, 1987, you look back at 2008. in those times we didn't know then, either. we didn't know when the market was going to come back. what we do know is what we are seeing from the federal reserve and from the congress, they are being more aggressive at this point than any congress and central bank in history. so i have a lot of confidence that that is going to give us a lot of boost in the second half of the year. you look back at the chart since 2008, you look at how dismal it looked back then, you look at 1987, but then you look at a few months later and the market anticipates recovery and that's what it does so well. i believe in this case,

especially with getting some positive news out of china, yes, be prepared we are going to see some ugly, ugly numbers for the next couple months, but we will get through this and i'm confident because of what we're seeing, the swift action by the congress and the fed, that we will get through this and it's going to look a lot better. liz: yeah. it's qe forever, quantitative easing and all the money that's being put out there. we are watching it right now and again, once again, a very volatile day. we are looking at lows of the session at the moment with the dow down 419 points. jon, phil, great to see you guys again. we will be seeing you all week because every minute of the trading session, folks, is extremely important and we want you to stay with us because we are going to bring you all kinds of stock stories and guests in the meantime. speaking of a stock story, walgreens is delivering a win, with about 36 minutes left before the closing bell rings. the pharmacy chain giant one of the big movers on the dow jones

industrials at this hour after announcing its on demand delivery service with postmates has now been extended to 7,000 stores. order up. they will deliver to your house. walgreens is up 2.25%. the coronavirus creating clear winners but also losers in the market. one burning question on everyone's mind, what is buffett doing? up next, oracle of omaha disciple bill snead handicaps the buying opportunities the berkshire hathaway chairman may be taking advantage of right now amid the volatility. "the claman countdown" is coming right back.

liz: well, you're looking at stocks plummeting, obviously, right now but as they have fallen over the past couple of weeks, one resounding question for investors the world over, where's warren buffett and what is he doing with his money? the legendary value investor and berkshire hathaway ceo, you want to talk money, is sitting on a record $128 billion in cash. there is news coming out of the company itself. berkshire is suspending production at its iconic factories for the first time since world war ii. can't wait to have the bordeauxes again. that's my favorite. there is news on his investment

in occidental. berkshire spent $10 billion on preferred stock less than a year ago. the entire oil company's market value is now down to just $10 billion. this as fox business learns that berkshire hathaway provided two planes carrying 130,000 of those hard-to-get and much needed n95 masks to help medical efforts in new york. the planes landed from china at 3:00 a.m. friday in teterboro, new jersey. that, if you don't know, is the private jet airport and apparently they have got them right out and they went straight to mt. sinai hospital in manhattan. but what is buffett doing with his money? let's bring in long-time berkshire hathaway share holder bill snead, founder of snead capital management and a real buffett watcher. bill, right now, there is quite a case for the value investors out there who mimic what warren buffett does.

what do you think he's doing? is he licking his chops? is he buying already? >> well, you can go back and look at prior difficult time periods to know what he's doing. it's funny, from a personal standpoint, my first shares of the berkshire hathaway a-shares were purchased on the day of shock and awe, the bombs dropping on baghdad in january 1991 which was a four-month stretch prior when saddam hussein had stared down george bush and we didn't buy any refrigerators or cars for about four months. and so what people wanted to buy back then was shares of raytheon who was going to shoot down scud missiles. to be a fly on the wall of his office right now, i would guess nothing in the united states works without the success of the bank so he owns some jpmorgan, it's likely he's buying more

jpmorgan. i don't know if the fed will let him buy more bank of america but we know he loves his bank america and at these prices he would have to be very attracted to it. liz: he likes wells fargo, too, and i've always hammered him about that, especially with all of the troubles but he's continued to not worry about wells fargo. do you think that he's scooping up more shares or is he scooping up entire businesses? >> i'm so glad you brought that up. wells fargo has spent the last two or three years cleaning up the company in the same kind of way that a starbucks did in 2006 to 2008 or home depot did from 2006 to 2008 and then when we were coming out of the financial crisis, those companies that had to clean up their act ahead of time were in the best position to take advantage of the new

environment. i would argue that in many ways, wells fargo is going to be dramatically stronger going forward because of all the things they've had to do. they have a new ceo now, charles sharpe, and the stock was just below $29 back on the 13th and to me that says a lot. that's the kind of thing buffett would look at. liz: are you sure right now, could you say because you are such a buffett watcher and study of him, can you say right now that he has been buying on the worst days that the market has seen? >> i would think certainly. he wants to be greedy when others are fearful. it is certainly safe to say on days like today, people are extremely fearful. remember, he's often quoted as saying he's thankful for the great depression because his dad was a stockbroker and was going home early almost every day in 1930.

liz: yeah. yeah. okay. bill, it's great to see you. thank you so much. good luck to you. bill smead, who has been a buffett shareholder, berkshire shareholder and buffett watcher for so long. appreciate it. a work-from-home high flyer, now a legal target. with about 27 minutes before the closing bell rings and the dow down 365 points, zoom video shares falling after receiving a letter from new york attorney general james probing the video conferencing innovator's privacy practices. we have all been using zoom, right? shares are down about 2.5% but still up 121% year to date. and working from home to in-home entertainment, the coronavirus cancellation culture giving streaming a major boost, but there is onewinner right now. we have the man who cofounded the original king of content, netflix's mark randolph is here.

hear what he has to say, he was the original ceo as well, about the digital all-star's lockdown power play. "the claman countdown" is coming right back. life isn't a straight line. and sometimes, you can find yourself heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward.

liz: all right. we know one thing. there have been few winners since the coronavirus pandemic drove the markets into bear territory, and forced millions to shutter their businesses and stay at home. you think that streaming services would all be among the companies raking in the dough. in fact, disney announcing it will be launching its disney plus service in india this friday. but take a look at this. disney is actually down and comcast is off and we are talking about quarter to date, disney is down about 32, call it 33%. comcast which is expected to ready its digital service peacock to start soon, it's down 23%. talking quarter to date here.

at & t which will soon have its hbo max streaming effort out, is down about 25%. but there is one 800-pound gorilla in all of this. look at netflix. netflix over the same period of time is up 15%. clearly netflix is the stay-at-home streaming champ stock. the undisputed "tiger king" if you will. you guys know what i'm talking about, right, that wild show? let's bring in in a fox business exclusive the cofounder and first ceo of netflix, marc randolph. okay. i know you're at home in santa cruz. what's it like? i just have to hear that before we get into the netflix story. >> obviously i'm very fortunate in that i have a place to stay here but my wife and i have been empty nesters for quite awhile, but now we are sharing the house with all three of my kids and a friend, a partner, and shopping

for six is something we hadn't quite anticipated having to do. it's like mounting a military expedition in some ways to make sure we can put three meals a day on the table for everybody. liz: i'm lucky if i get one. the kids say what's for dinner. i'm like about that, bad news. marc, would you have ever imagined when founded netflix decades ago that it would be the stock globally, the company globally, that everybody is leaning on for entertainment during a pandemic? >> this whole thing has been astounding to me. i mean, netflix is now coming up on, in about two weeks, it will be 22 years since we launched that company from a little old bank building in california. and it's remarkable to me how far it's come, especially the role it's playing now. even over the last six months,

seeing the world accept that streaming is now the way that television and movies are being consumed. i mean, we labored in obscurity for ten years before all of a sudden the world seems to have woken up to that. now of course, having essentially all other forms of entertainment shut down, there are no theaters now, streaming for the most part is how we can pass the time at night. liz: well, are you surprised that there haven't been that many tech issues and i would like to go back to those two decades ago when you were first trying to get it up and running and make it available, this is after, i would say, you were mailing dvds because that is how netflix really began, but the server issue and how to keep people filled with all the content they want to see at any given moment. >> well, you know, even going back to the very first day, this is april 14th, 1998, where we

thought we had sufficient computing capacity to handle what we expected to be maybe 100 orders that day and you know, we crashed our servers about 20 minutes out of the gate. so i think that was a lesson that certainly stuck with the company ever since, recognizing you really can't ever have enough capacity, that you always have to be overprepared. i'm not sure that netflix was expecting this level of traffic but they have spent, again, they have spent years working on their streaming infrastructure, preparing them to handle a deluge like this. as far as i've heard, certainly my own use case, works pretty well. liz: yes, that's what we have heard, definitely. we have also heard so much about this "tiger king" docudrama. whatever you want to call it. have you been watching this? this is the most talked-about

show as people are stuck inside self-distancing. >> well, liz, i'm glad we are talking about "tiger king" now as being the show i'm currently addicted to, because if this had happened, if we had been talking maybe a month ago i would have had to confess i was addicted to "love is blind." certainly "tiger king" considerably more amazing. and it is this kind of perfect storm. you have this incredible show which is so dramatically surprising and it's coming out at a time when netflix has viewership unlike any other time, but don't give anything away. i'm only just about to start episode four. but it's another one of those challenges you have when you have six people in a household, how do you coordinate who's watching what, when. liz: thank you for joining us. i know, it's been a really never before seen time. we appreciate netflix and the

company that you fought ten years to really get up to speed. thank you so much. >> liz, i've got to say one thing, which is that these events put things in perspective and you look out and see these people doing amazing work, the medical staff, emergency people, and i go gosh, my contribution was helping people spend more time in front of a tv. but right now, i guess i'm kind of proud that we have this for people. it's a great way to kind of at least escape for a little bit from a lot of the horror that's happening right now. liz: yeah. indeed. marc randolph, good to see you. good luck. thank you. >> thank you. liz: marc randolph, co-founder and first ceo of netflix. closing bell ringing in 16 minutes. he's one of the many inspirational stories featured on "everyone talks to liz" my podcast and you have to listen to my latest episode. it's the story of a guy who

founded vital proteins which is like a collagen powder but he was a former nasa engineer who created this billion dollar beauty brand that celebrities swear by. but he talks about macguyvering, trying to cobble together solutions in times of trouble. it's available on apple, google, fox news pod casts.com and alexa. download, rate, let me know what you think. we'll be right back. when we started our business

we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. shipstation. tnothe xfinity my account app oputs you in control withe. digital tools to give you the help you need when you need it. get fast and easy answers with personalized help 24 hours a day, 7 days a week. change your wifi password to a phrase that's easy to remember.

even troubleshoot your services on your own. we're working to make things a little easier for everyone. download the xfinity my account app today. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do.

a kohler walk-in bath provides independence with peace of mind. liz: all right. we've got about 12 minutes to go before the closing bell rings. stocks are off session lows but as you can see, we are still in the red. a little bit of a struggle here,

obviously, on a day when we're looking at the dow jones industrials down about 330 points. we have the nasdaq down 75. so just about everything's struggling, from tech to of course the blue chips. we've got some breaking news on tyson. tyson is joining lowe's in announcing $60 million in bonuses for its front line employees. remember we just heard from marvin ellison of lowe's he's doing $80 million, writing the checks today. for tyson, these are all eligible workers to receive a $500 check in the first week of july with their bonus and as i understand it, the front line workers, there are 116,000 of them, these would be truckers, and u.s. support operations who are trying to provide food during the pandemic, will get these bonuses. good on you, tyson. it's down about 2%, struggling just like many other stocks. startups are forced to face the music amid the coronavirus pandemic and wework is not left

out of this fire storm. charlie gasparino joins us with those details. good to see you. what have you got today? charlie: good to see you back in the chair. this is interesting because everybody thought wework was yesterday's news, that they were bailed out by softbank as they were a couple months ago and you know, the latest stories about wework have been about some problems with the tender offer and how its former ceo, mr. neiman might or might not fare from that. the real story from what i understand from major real estate investors is that the company behind the scenes, if wework can survive what is not just a recession, what we have is a real estate, almost a real is state depression from what i understand. very difficult to get loans for real estate businesses, real estate prices are getting hammered amid what's going on with the pandemic.

so what you hear from major investors is that wework will probably need another bite at the apple. they will need more capital from softbank to remain essentially solvent. liz: really? charlie: now, we did speak with wework officials. they told us this. take it for what it's worth. this story will play out, liz, i think in the next couple months because even if things get rolling again, i mean, there's going to be a hit to certain aspects of the economy and real estate apparently, from what i understand from my sources, is taking the biggest hit. wework is saying their balance sheet is strong as of now and they don't believe that they will need any more financing from softbank, that the money that softbank gave them will get them through this period where people are obviously, a lot of them, not going to wework offices and people are not using the product and may not use the product going forward. so that's where we are right now. i would say this. every one of these economic shakeouts, there are usually

companies that don't make it, big companies. back in [ inaudible ] banks were lehman, you know, there have been other recessions where people who were big companies didn't make it. when you talk to major investors, the two companies that keep coming up that are going to have a problem in this economic downturn is -- this is really bad news for wework -- is softbank which is essentially wework's parent right now and wework. that doesn't mean they are going to go out of business. i'm not predicting it. i'm merely telling you that that's what i'm hearing from major wall street guys, real estate people, these are the companies in the crosshairsme. it's a story we will keep following for you as we continue to try to provide an information-hungry public with financial information and i'm glad to see you back in the driver's seat there, liz. back to you. liz: yeah. thanks. i've been waiting to get back just to hassle you and harass

you and shove you around verbally. charlie: i love it. one thing i will say, "the claman countdown" has broken some of the bigger stories in this whole debacle. we were privileged to have, that donald trump was going to back off his easter deadline. we have done very good work thanks to my producer on some of the small business lending and some of the developments there to get loans to small business. so your hour is, has been and will be one of the more consequential ones in business television. liz: yep. charlie, you are a great team member. thank you very much. we were among the first, january 21st, we first brought on epidemiologists to talk about this. we spotted it right away. charlie, thank you. when we come back, we are going

to get a rwrap up of this final day of march, final day of the quarter. not pretty. we are at least off the lows of the session. dow down 377. we'll be right back.

♪. liz: we're about three minutes to go before the closing bell rings. we know the market will close out the month and the quarter lower but we do have the dow, s&p, nasdaq, yeah, well pretty much down, deep in the red for the month. it is very ugly. let's talk about what we're hoping for. that is some kind of a treatment towards vaccines for the pandemic. joining us now, to talk about investments around that is rdm financial group chief investment officer michael sheldon, via skype, greg sarian. i want to begin with you, michael. the health care sector seems like obviously. which part of it? >> within the health care sector we own individual stocks, we own mutual funds.

they offer growth and defensive characteristics, the health care sector is interestingly trading at low end of the 15-year range. eps in that area has been resilient. you really need to focus on a wide range of companies. we like some of the cro companies. contract research companies. clinical companies. we also own some of the pharmaceuticals as well because of the dividend yield. liz: greg, let me bring you into the conversation. you like health care as well. you say one exchange traded fund of our investors viewers to look at, why? what is it about this and what's in isn't. >> so one of the etfs we've been using in the sector, liz, called the arc innovation etf. we like it, because it is concentrated in health care but it is disruptive in terms of owning not just health care, med tech, next generation internet but also cybersecurity. typically we've seen historically markets come of

lows like this. we growth thinker names take advantage of a bounce off the bottom. these ideas have had good success in markets were strong six or eight weeks ago. we think those very same growth oriented themes will lead markets into recovery in the next couple quarters. liz: we've got about one minute left of trade here. michael, give me a sense how optimistic you are about the second half? >> you if look ahead over the next few months or so, i think the markets are likely to be very choppy. we have had unprecedented volatility on the upside and downside over the past several trading sessions and the past quarter. i think next few months again are likely to be choppy, as we look ahead six to 12 months, we think there are better times ahead for the economy and also for financial markets. liz: greg, you have 15 seconds, give me your sense about the second half of the year. >> we see a more w-shaped

recovery, liz than v-shaped recovery. we think investors should look at investment planning opportunity when markets are low. converting toe a roth, asset prices are lower. do it now, securities much cheaper -- liz: thanks to both of you, greg, michael, thanks very much. time for "after the bell" on a day in the red. connell: it is over. the worst quarter for stocks since the 2018 financial crisis. we ended up in the red as market reverses earlier in the day gains. washington now, said to be weighing what would be a fourth stimulus or relief package to try to counter the coronavirus impact. we'll talk about all of that. good to have you with us once again. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." all 3:00 major averages ending in negative territory, extending