30 and 40%. liz: okay. [closing bell rings] patricia good to have fresh names and names. tdl and ticker symbol qeu. markets are closed. big headline from this day forward, oil for the first time ever closed in the negative. that will do it for "the claman countdown," now "after the bell." melissa: extending losses in the final hour of trading. stocks closing near session lows as oil settles below zero for the first time ever. unbelievable. i'm melissa francis. connell: i'm connell mcshane. welcome to "after the bell." unbelievable indeed. we'll talk a lot about oil. the dow ends up lower by 2 1/2%. dragged down by boeing, and of course exxon which makes a lot sense. s&p and nasdaq not down as much. s&p closed 1.8% to the downside.

fox business team coverage. phil flynn is the man of the hour watching all the oil action for us so we'll get to phil. lauren simonetti on market. blake burman from the white house. we'll have more reporting from washington. phil, like i said you you are te man of the hour. you never saw a day like this. take us through it. >> never in my life. a lot of people watching this market never thought they would see a day like this. you have a perfect situation where the contract coming for delivery with no demand there is somebody out there right now that wants to sell oil and there is nobody there to buy it. in fact this is the first time we've ever seen this kind of situation, connell, and it could be a short-term situation because you look at some of the back months and the price of oil, there are still relatively strong compared to the front month but this is a disaster. it is a disaster because opec didn't act fast enough to cut production. it is a disaster because u.s.

producers didn't pull back fast enough. it is a disaster more than anything because this is a snapshot of what the world looks like when it stops, when economic growth grinds to a halt. and i think we look at the historic nature of the wti contract, sort of being like an economic barometer of the world, we're seeing what the world looks like when it stops and that's a negative price for crude oil. connell: now you used the term snapshot, phil, and that might be the more, the most appropriate term you can use own a die like this. talk a little more about the value of crude oil because it is so strange to see it up there that it has gone negative at $30. to your point that is the may contract for the may delivery. if you look crude for june delivery, more accurately traded contract, we're at 21 you bucksl you about the value of oil? >> it tells me there is hope we won't repeat the process in the coming months. there is expectation we'll see a

drop in production because of the opec cuts, a drop in production because u.s. producers are pulling back and a hope that the global economy is going to slowly get back to normal. we're seeing hope priced in some back month contracts but that doesn't do anything where we're at today, in the next 24 hours. right now refiners are running at very low rates because there is no gasoline demand. so they're not buying oil. a lot of the storage facilities are getting full up. so they're not buying anymore oil. and so the other thing you're seeing here with today's market is a snapshot in time where the buyers are basically being paid to take this extra oil off the market. that won't go on forever. we're going to see economic growth go back up. we're going to see production fall back but it is ugly right now. connell: it is ugly to say the least. unbelievable to see those numbers on the screen. thank you, phil. lauren simonetti, watching how the stock market reacted to all

this today. lauren? lauren: well not good, connell. we close near the lows of the session. to give you perspective for the dow and s&p 500 coming off two strong weeks for the stock market. so starting this new week firmly in the red, the dow down 592 at the close. i was about to tell you that the nasdaq was the outperformer with companies like netflix and amazon near record highs but that is not the case. the nasdaq also finished right near the lows of the session today too. i want to show you the intraday picture of the dow jones industrial average, you can see right around 2:00 p.m., when the price of oil started to free fall, there it is, the market started to come down a little bit more. look, i still said there is no, no one is using the oil and there is also no place to store the oil that is a big problem, if you look at the dynamics of the market. on the dow, exxon and chevron weighing sharply, contributing negative 40 points to it.

the drillers got killed today. marathon, occidental down in a big way, also take a look at this. halliburton shares. this is one of the nation's biggest suppliers of oil equipment to the oil industry it, finished higher. the price of oil is in freefall yet halliburton shares are up 2/3 of 1%. here is why. they announced cost cutting. we are living in a crazy market. another part of the market that had to do with oil is shippers. supertankers sitting at sea with millions of barrels of oil on them. look at the reaction. tk up 20%. scorpio tankers up 18%. so that is come green on the screen for you. one thing to note about oil, connell, as i send it back to you, it is expensive to turn off a well for instance. as we look at the other side of this pandemic that has ground the economy to a halt, we look at recovery, when we will need

oil again, we might not be in a good situation because we've effectively shut down supply. just something to consider as we consider a recovery. back to you. connell: what a world. lauren, thank you. of. melissa has more on all of this now. melissa: here is dan pickering. he is chief investment officer at pickering energy partners. and dan, i used stand live on the floor of the new york mercantile exchange, and we would watch the contracts go oaf the board, like the may month out there up front, we say for people that traded the futures but didn't actually want the product, they didn't want physical delivery, what would happen if you got stuck with a barrel of oil and you didn't actually have any place to put it? it seemed like a theoretical argument but now there is apparently at least someone who has a futures contract and does not want to go to cushing, oklahoma, and does not want to pick up their oil s that part of what is going on?

>> it absolutely is, melissa. i think, you look at this, you say there are too many paper barrels and not enough physical storage. guys have to get rid of them. the contract is rolling. so they have got to sell. you sell at any price if you have no place to put the barrels. melissa: no, i used to joke with traders who were in the pit, what would you do if you don't unload that barrel? and you know, they would laugh and say, i don't have any place to put it. i'm not an actual oil person this is where sort of reality of the market because of everything that is going on in the economy, the real market like you said has met the paper market. and that is how you go down to a negative number here. it is something i didn't think was possible. i never thought, i never even imagined i would see something like that. how about yourself? did you ever think you would see, ever know the numbers would go negative? >> crazy days. people are adjusting the axis on the charts as we move through the day today. it is really is unprecedented.

the scary part it is not clear that it is over. so the may contract expires tomorrow. the question is, do they come after june? do they come after july? we're still going to be in a pretty oversupplied situation as we move into the next couple of months. and so, you know the irony is, we take down the may contract. june's up at 22, 23 bucks. and how quickly does it come down about we get out of this physical oversupplied market? melissa: sew so we understand people with this contract don't want to take delivery. does that mean actually there is no storage anywhere? you would know that. people were calling around today. people reaching out to me during the day and trying to see, does this really mean there is no storage available anywhere? what are your thoughts on that? >> i think everybody is trying to figure out who is getting hurt, who is on the other side of this trade and getting buried.

there's storage but now it is a super scarce resource. the guys that own it don't necessarily want to give it up in the near term because there may be even better opportunities next month or month after. i think that the big trading shops, you know the vtolss, almost certainly have storage. you have floating storage. your previous guest was talking about tankers. there is a number of places to put crude but you have to be able to put it there tomorrow or early next week, the following week. so the reality is, it is scarcest resource out there. crude is plentiful and storage is scarce. melissa: wow. that is an amazing sentence that i wasn't sure we would ever really say in lifetime. symbolic i in a bigger sense, the world is at a standstill. no one is moving anywhere. no one is using any energy, right? >> it really is. i drove to this studio in about

seven minutes instead of 27 minutes. the economy is killing demand and whether it's 95% of airline flights being empty or people driving their is simply no demand. when demand falls 25 million barrels a day you just can't cut supply that fast. we're living the fallout of that situation. melissa: unbelievable. i stood in riyadh, saudi arabia, when oil made historic highs. we've seen this whole roller coaster. i never thought i would see this. dan pickering, good luck. come back soon. thanks for coming on today. appreciate it. unbelievable. well the white house coronavirus task force briefing is expected to start just about an hour from now. let's check in with blake burman for the latest on that. blake. reporter: hi, there, melissa probably more questions to come about reality with testing as we saw over the weekend.

more governors say there needs to be more testing in order for them toe open up the local economies. the president took to twitter to say the following at one point about testing writing quote, states, not the federal government should be doing the testing but we will work with the governors and get it done. now the federal government could potentially be ramping up testing capabilities through the use of title 3 of the defense production act. peter navarro telling me a little while ago, that the department of defense is finalizing the negotiations with puritan, a company out of maine. navarro saying following in a statement, with dea support, puritan will with broader goal of increasing nasal swab production from three million to more than 20 million within 30 days of the contract award. melissa, i reached out to the maine-based company. have not yet to hear comment

back from them. separately as we look toward capitol hill and negotiations going on between the white house on the hill and phase four or the next batch of relief, it includes $25 billion for testing though i'm told one of the holdups late into last night, one of the disagreements is that republicans want to see more after private-public partnership with the fund, with the testing whereas democrats want to see the federal government have more control. one of the things that they have to work out there. melissa. melissa: blake, thank you for that. connell: we have a "fox business alert" now, coming in to us is the earnings report from ibm. this is just out. it is down from last year at this time than everyone would expect but better than expected on the bottom line for ibm. earnings at $1.84 a share if the first quarter. the street was look forge $1.08. that would be 20% drop from last year but still down. on revenue side a slight miss

but pretty much in line at $17.6 billion, 17.62 billion. a little bet less than expected. stock is up about 1%. as so many companies have ibm is withdrawing the full year guidance for the year 2020. said in the press release in light of the current covid-19 crisis. no guidance. earnings better than expected. revenue pretty much in line to a little bit light. that is ibm just out. more to come out on and more to come in general as we have 2.4 million cases of covid-19 worldwide. nearly 800,000 confirmed right here in the united states. at least 4.2 million people have been tested for the virus in the u.s. so important to get the testing ramped up. we'll have the latest on that as we continue through the hour. local leaders grappling when and how to reopen their economies and governors say more testing

is the key. we'll have more on the state of play there. the small businesses are still bracing for relief. we'll be right back. ♪.

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♪. connell: so congress is getting close from what we understand to a deal that would replenish the paycheck protection program for small business, maybe do a few other things as well. edward lawrence covering those talks in washington. he joins us with the latest this afternoon. what is the latest, edward? reporter: the latest right now, connell, no deal as of right now. senate majority leader mitch mcconnell says the senate will go into special session tomorrow with something that they had not put on the calendar at this point. senior gop leadership aide tells me exactly what blake burman reported, that the testing portion of this is the issue with this program. the democrats held out. they got some of what they wanted, in addition exactly almost all of what they wanted. to get $310 billion added to payroll protection program, white house advisor larry kudlow said the democrats will get additional $75 billion for assistance for hospitals, another $25 billion for testing. >> the first one went like

hotcakes. so, second one could go like hotcakes too, i don't know. i haven't seen estimates on that. the number, the initial number was raised, request from 250. last i heard from the secretary 310. port now. reporter: now in addition senior official tells me 50 billion for loan relief and 10 billion for grant relief for the small business administration. the house is back in session on wednesday to considering legislation. frustrated mcconnell said there will be no votes for the senate because democrats wanted to be keep negotiating. the head of small business association gave start varney a dire warning about and what it does to businesses. >> all businesses are really hurting. revenue is not coming through the door. 93% of the ones polled have

impacted negatively. they are desperately trying to hang on right now. each day that goes buy without congress appropriating more funds, fixing thisprogram, making sure the it goes to little guys, restaurants will close and more people will lose their jobs. reporter: many small businesses i talked with are frustrated with the situation right now. they would like that relief, connell? connell: understandably so, still no deal. edward, thank you. melissa. melissa: joining us charlie hurt, "washington times" opinion editor and fox news contributor. this is really astonishing to me. most small businesses have 13, 14 days maybe of cash on hand. larger ones may have three weeks, maybe 24 days. as those folks in washington go home and continue to cash their own paychecks, they can't quite get this done for their constituents. what are your thoughts? >> it's truly incredible,

melissa. back a couple weeks ago when congress was taking their first couple of stabs at trying to come up with some sort of funding bill in response to the coronavirus, you heard a lot of democrats talking about how they don't want to give money to wall street and business fat cats and all this kind of stuff. well the problem there is a lot of those fat cats happen to be small business owners who employ people and at a time like this, there is nothing in the world that is more important than, than making sure that people still have jobs to come back to once this is all over with. and you know, my view of this is, obviously we're, what, six months away from the election but people will remember what goes on here and anybody that is determined to have been playing politics at a time like this in order to score political points will pay a grievous price come

election day. melissa: it also underlines the point that government can't solve this problem there is really no point in opening up your business if there aren't customers out there to come back to it. you know, when i watched medical professionals on tv talking about this, i watch politicians and pundits even, i'm always reminded all of those people on tv are still cashing a paycheck. they're still able to feed their families, and there are other terrified people who are being forced to stay inside and you know, are really heading into very dire financial straits. have we reached a tipping point, do you think? >> well, i think that, i mean, you point out something that us very important i think, that there are a lot of people, a lot of these central planners in washington or these people coughing the central planners washington who have not felt this personally but i know from personal experience i look

around, just about everybody i know has been profoundly affected by this, in some way, some people, far more so than others. and that's why, anybody that is perceived as playing politics in a situation like this is going to pay grievously in an election and you're exactly right. you know the government isn't the answer to every single problem out there and that's why it is all more important that these small businesses have, get the backing, get the, you know, have the strength that they need to survive this thing because that's going to be the answer to all of the problems we have today once we get on the other side of this. the people, the real heroes, real people who are going to climb, claw america out of this hole is going to be those small business owners and those workers who are going to be desperately, you know, who are already desperate to be working now and desperate to be, you

know, bring home a paycheck to take care of their families. melissa: do you think we passed the point of no return? when you look at oil turning negative, it is emblematic of the fact that nobody wants any energy because no one's going anywhere. when storage is more precious than the actual oil itself, when you look out the window, day after day, and everything is shut and closed, i don't know, charlie, i'm starting to get really nervous that i don't know how we're going to turn this around on the other side? >> it's truly terrifying, melissa. you know, you would think that, well the silver lining here is, well, gasoline is cheap. that is not even a silver lining at this point. that is how bad the situation is. my greatest hope is that i do know how much people want to get back to work. people that have been very, very good at adhering to the advice

from elected officials about how to deal with the coronavirus. and, and i know, you know, prior to this, there weren't fundamental problems with the economy. it wasn't like it was a bubble. so my prayer is once we get past all of this, we will go back, and the recovery will be quicker because the fundamentals were good when we went into this. melissa: i mean, this is really just, look at crude oil. america needs to go back to work now, now. it's over. >> amen. melissa: charlie, thank you. connell? connell: all right. we're moving on to the push to hold china accountable. there is another country joining in the calls for an international investigation into claims the virus may have been accidentally leaked from a lab in wuhan. so we'll have new information on that. using artificial intelligence to fight the pandemic. how one company is using technology to keep americans safe on the front lines.

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♪. connell: the china, facing mounting pressure. sources have told fox news that u.s. intelligence officials are launching a full-scale investigation into whether the coronavirus originated in a lab in wuhan, china. this comes as we're learning another country is now sounding the alarm. let's get to fox's gillian turner. she continues to cover this story standing outside by the chinese embassy today in washington with more. gillian? reporter: hey, connell. so the u.s. is not alone in this any longer, joined by the government of australia over the weekend in calls for further investigation into the origin of the coronavirus in wuhan and thorough accounting of communist part's actions to date.

australia foreign minister says a international independent investigation is the only wray to get to the bottom of this pandemic and declare australia will absolutely insist on that. these words echo president trump. he called for an expanded investigation several times over the weekend. take a listen. >> we want to go in. we want to see what's going on and we weren't exactly invited, i can tell you that. reporter: we're also hearing from the wuhan institute of virology for the first time. the lab's director speaking out with a complete denial of the lab's role in the virus's outbreak. listen to that. >> translator: as we said early on there is no way this virus came from us. we have a strict regulatory regimen, we have a code of conduct for research so we're confident of that. reporter: now this pits the lab and china's government directly against the trump administration which has confirmed to fox news they're near certain that coronavirus originated in this

lab. now senator tom cotton tells fox news a closer look at that lab director is needed. >> let's take a look at that laboratory director. he is not just some independent truth-seeking scientist, ed. he is an official in the chinese communist party who is towing the party line. reporter: now as the government carries on its investigation americans nationwide are really seeking legal remedies of their own now. we know of at least seven federal civil class action lawsuits that have been filed against china's government for damages amounting to trillions of dollars, connell, related to the coronavirus outbreak. connell? connell: wow. gillian turner, continues her reporting live from washington. thank you, gillian. melissa. melissa: launching the most aggressive study in the nation, new york is testing thousands of residents for antibodies but is it good enough to reopen the state's economy? that's next. plus we're waiting an update

from the coronavirus task force in about an hour from now. president trump just tweeting the briefing will begin at 5:30 p.m. eastern time. we'll bring you any breaking headlines from the white house. texas starting the first phase of reopening today with restrictions being lifted on state parks. the state will ease limits on surgeries this wednesday. and it is set to open retail businesses for pickup, delivery and mail-orders by the end of the week. in tennessee will follow texas with its phased three opening beginning next week. lucky them. ♪. s, 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. but maybe not for people sure with rheumatoid arthritis., because there are options. like an "unjection™".

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options and rates to fit your needs oh, and happy birthday... or retirement... in advance. ♪. connell: so we've been bringing you this debate on how and when to reopen the economy. antibody testing for the coronavirus at the center of a lot of that. you hear from officials and researchers who are looking to resume every day life. they say we have to be able to test more people than we can right now. mark is a epidemiology professor at harvard. is that true, do we have to ramp up this more to comfortably open a hard hit area like new york and how much more on the testing side? >> yeah, it is absolutely crucial to have more capacity for antibody and viral testing in order to open up and the

reason why we need antibody testing is to have a really good and quite local, locally granular estimate of how many people have already been infected with this virus, because we've had so little viral testing we don't have a good sense of that in any place and the, antibody tests give us that ability to understand how many people are potentially immune if they have been infected. connell: now that point about potential immunity, i notice you used on purpose the word potential. we talked to experts about this. you have written something else about it yourself. we have a new virus. we don't know a ton about it. even if there is some risk about it if we don't have the antibody test we're not sure we're 100% immune and we have to take chances in society go back to work without all of that information? >> i think that's right but i

think also if we know that say 5% of the population has been infected, then that gives us a very different sense, then we're quite, we can be sure 95% of the population is still susceptible, and that we're at much earlier stage of the epidemic. if there is significant, tens of percents of people in the population already infected, then that tells us that, if we can do anything to stop this virus short of a vaccine, it is going to be immunity and, and then we can feel more confident. i don't think we can wait for absolute certainty about the strength of immunity but i think we'll be trying to gather those kind of data at the same time we're doing surveys of who is immune, of who had immune response. connell: yeah. we've been having this debate, i don't know if debate is the right term, but we're having discussion about reopening

certain economies. maybe politicians on one side and doctors on the other and all these other people kind of worked in the middle of it, it does become unfortunately i think about absolutes. it is all really percentages and probability. kind of working in the original point i was making. we will have to take some risk. not necessarily rolling the dice. we know the economy is in really, bad shape right now, is it there from your side, medical side, acceptable level of risk people will have to assume in order to go back to work? we have to go back to work, for example, way before we have a vaccine, right? >> i think that's probably right and and i think the issue is that we need to protect our health system from getting overloaded. that is why we went into this social distancing, physical distancing and pushing down on the economy in the first place. my concern is that if that was a

good idea when we had a few tens of cases in a state per day, now we have a few thousand cases per state in our state for example per day and so the logic of saying well, we maybe stopped increasing so fast, so it is time to go back to work is a little hard to follow from my perspective. i don't quite get the idea if you have a bathtub not yet overflowing you turn off the tap but now when it, it is closer to overflowing, we can turn on the tap now because it hasn't overflowed yet. that is the metaphor i'm thinking of in terms of right now. connell: i see your point of view. you want the water to go down a little bit. the other say well, we're losing jobs every day, there will have to be some balance there and some acceptable risk. i get your point, maybe we're not there. real quick on the last point, then maybe we have to go. >> yeah, i think, i don't

believe in destroying economies for the fun of it. that is not any public health expert's thinks that is good idea. that is bad for public health. if you're concerned about the medical system staying intact, this is something you have to tread very carefully on and economy is, is another consideration. connell: understood. okay, we'll keep talking about it. we appreciate your point of view. march lipsich from harvard. >> thank you. connell: melissa. melissa: pleading for support, new york governor andrew cuomo is calling on the federal government to prioritize and delegate resources for reopening. take a listen to this. >> if you don't help the state government, local government, how are we supposed to have the finances to reopen. if you starve state and local government, all that means we have to return around reduce funding to the people who we are funding. if we don't get federal

assistance. melissa: here now is bill mcgurn, "wall street journal" columnist and fox news contributor. bill, it sounds a little like he is holding new yorkers hostage saying we can't reopen unless we get money from the feds. he says he needs $15 billion. no mention of the fact that the state was already 6 to 7 billion in the hole because people left. because they were being massively overtaxed. they have fled, the revenue base fallen as they go to florida, everywhere elsewhere you won't get taxed to death. he already had a huge hole, he talked about, unless i get federal money i'm not reopening. what do you think about that? >> he is facing a real crunch but just as covid-19 exposed some people like me, i have diabetes, we're much more vulnerable, i think the states that have not really done a good job with their economies are suffering too.

everyone is suffering that is understandable. it just against raises larger question of price of keeping knit it in lock down which is very steep for everyone. melissa: yeah. meanwhile they're encouraging people to call in on a tipline in new york and report people that are too close to each other. they have got the stat here. they have issued a total of 244 summons for fines up to $1000 for proactive enforcement saying people are too close together but at the same time our subways are clogged with homeless people who are visibly sick, who are violating the same principles, who are right next to each other, who have moved to the subway to live. that is where our health care workers. that is how they get to work is on the subway. so while they're saying you know, we need more money and they're saying people have to stay home until we get better, they're not dealing with the homeless crisis on the subways which is a huge danger to public

health. is exactly their job, is an impediment to us reopening and is a problem for our health care workers. why do you think they're not dealing with that? >> look there are a lot of problems. i think a lot of the problems extend from, you know, usually we quarantine the sick. in this case we're trying to quarantine the entire healthy population. and that has a lot of costs and contradictions involved with it. so i mean we should sort of expect some of these contradictions. look, i think, i mean, to reopen we're talking about esing it and tracing infected people with tracing and so forth but, and that's the ideal so we can have real knowledge on which to base these decisions but i think some of the thinking has to move from isolating the healthy to isolating the vulnerable. i mean we have two extremes. the people who have had the disease and survived are thought to be immune. we should be able to let them get back to work and so forth.

meanwhile people are elderly, people that have the preexisting conditions, we should do more to look to how can we isolate them, keep them from getting infected? i think if we shift that, we can deal with imperfect situations. i think those have to be our priorities. because i think, we did a good job with the flattening the curve for what it was supposed to be. depressing demand so it wouldn't overwhelm the hospitals and so forth but it is not going to defeat the virus itself unless you're an isolated country like new zealand. so i think we have to plan for how we're going to accommodate this -- connell mentioned risks. we need to have intelligent risks to have more information so we can make a real calculation what it is going to do. as connell pointed out all risks are going to carry some downside. melissa: no, bill you're so smart because it doesn't feel like we could possibly have enough tests in time before the economy falls off a precipice it

can't come back from. >> right. melissa: if you follow what you said so simply, to protect the extremely vulnerable rather than trying to protect all the healthy, if we move to that, it starts to make more sense. thank you for that. bill mcgurn, appreciate it. connell. connell: really interesting. we'll talk about automation in a moment being used to fight the pandemic. in fact we have a ceo coming on to talk about his company's efforts to use special technology for tests that put humans at risk of the virus. we'll be right back. ♪. 300 miles an hour, thats where i feel normal. having an annuity tells me my retirement is protected. protected lifetime income from an annuity can help your retirement plan ride out turbulent times. learn more at protectedincome.org. and people you can rely on. i'm a dell technologies advisor. me too. me too. me too.

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♪. of. connell: it is a futuristic approach to tackle pandemic. nano electronics is trying to fight the coronavirus with technology. we have matthew putnam with us. we'll do this in couple minutes, matthew. we'll talk about the product you make, how that might help. tell us first about how, how you are using a.i. and technologies as we try to get through this, to have humans interacting essentially with robots. tell us about it. >> thank you. i think using technology is something that we have to do now for current crisis and for later and this is taking materials

that are available to us right now to produce what americans need and produce it when it is needed. you do that by using artificial intelligence, robotics and human ingenuity for every field. i'm especially interested how you make things like uv lighting. uv lighting, you make your home safe or your clinics sanitized. then eventually we are socialized better. there are many industries we can look at, but has to do with not stockpiling for the future but being able to build now and in the future to deal crises now and as new crises arise. the uv lighting issue is what i wanted to talk about. >> sure. connell: that gets into what your company does. the simplest way to think about it, maybe you can explain how, we do stories all the time or have guests on, what we're worried about is a second wave here of this virus and how we're going to detect it and some of

the products you guys are working on could maybe help there, right, down the line? >> yeah. so our company is, a manufacturing hupp that works with any. they have been expensive but they're able to desanitize against cove individuals but against any virus of that size, of other pathogens. they just have been very expensive in the past and there hasn't been enormous amount of supply but the materials to make them, aluminum and nitrogen, are very abundant but only artificial intelligence system with robotics can make them efficiently and affordably. so we are working with companies to do that. connell: do you think, matthew, as a final point, before we let you go, we're going to see a big change after this virus just in the way, supply chainwise how we do business? what are the ramifications, long-lasting ones, of what we've

been here do you think in your business? >> absolutely. we've seen huge vulnerabilities from this. it will be a very distributed system. we're going to no longer have reliance on everybody else to get something built. our newest technologies in a.i. allow us to build extremely locally and this is a trend that is not going to happen just for now. it should be something that continues on. connell: yeah. a lot of people are saying that and that probably will be one of the silver linings. definitely one of the effects of all of this. matthew putnam, thank you very much. nanotronics. melissa. melissa: going fully virtual. the nfl holding a test run ahead of the leagues first virtual draft. boy.

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setbacks on the mock draft. reporter: there were issues from the get-go. there were technical glitches according to reports. you can see when you look at the setup, john lynch tweeted. you see the computer monitors and telephones. each of the 32 teams have multiple setups like that. then you add on league officials. normally it's simpler. each team's decision makers hud until their draft room. this time they are home, they are spread out. so there is a lot that can go wrong from technical glitches to cyber-security issues and hackers. roger goodell will make the announcement of each team's

selections from his studio in his basement which i think you can relate to. melissa: absolutely. it's hard to believe they are going to split up for this. interesting stuff. that does it for us. "lou dobbs tonight" starts right now. [♪] lou: good evening, everybody. china is on the verge of becoming a global pariah. the chinese communist party's cover-up of the deadly contagion they unleashed on the world will bring consequences for the government and its leader xi jinping. xi's lies and deception have been exposed to the world. he ordered the the head of the institutes of virology to go on stage on say