i think in terms of economy opening -- [closing bell ring] liz: we have to run, will. here comes the bell, closing bell. will rhind. grand isn't shares. join me 6:00 p.m. tonight, liz claman on twitter. that is when futures trading begins. i will give you the numbers. connell: all right. we saw real slide in big tech stocks into the close today. that hurt us over all as the major averages lost a lot of steam after nice early gains. we closed down on the day. we're waiting for some big earnings reports including google's parent company alphabet. those numbers should be out at any moment now. busy hour ahead. i'm connell mcshane. melissa: i'm melissa francis this is "after the bell." stocks closing near the lows of the day as as president trump wraps up remarks on the relief efforts for small businesses. let's go straight to lauren simonetti. she is watching the markets.

lauren. lauren: very choppy. the dow was set up to be up five days in a row, 357 at the high. closing in the red, s&p is lower. it is on track for the best month since 1987. nasdaq is the big loser. technology down. health care weighed overall. a lot of dow components reported today, four to be specific this morning. only one of those,fieder actually reaffirmed, rare to do this, reaffirmed full-year guidance but take a look at its shares down over 1%. pfizer spending money on a coronavirus vaccine. it says one could be ready for testing next week for use by the fall. also technology, investors are waiting quarterly results from the big tech companies starting with alphabet. any moment now they want to know how immune is big tech to coronavirus and how has ad budgets been slashed? take a look here. we're seeing so many of the stocks been hit hard with the virus come back. consumer confidence and a

regional manufacturing report, completely nosedived this month. still investors overall optimistic about the future, focusing on the future of reopening economy. stocks have been beaten down. look at this. jcpenney up 10% today. retail banks, airlines. big winners, on the reopening hopes. also the russell 2000. index of small cap stocks that shows you optimism out there. that had a good couple days up one .25% today. look how the coronavirus stunt the overall economic growth at the start of the year. fed also wrapping the two-day meeting. quickly i want to show you boeing. they report earnings as well tomorrow. the stock up 2% today, despite a "wall street journal" report about a new criminal and civil inquiry into the production of the 737 max. guys, back to you. melissa: lauren, let me ask you a question about alphabet quickly. i know that is obviously the big one we're all watching today.

what is the other buzz on earnings this week? what are the big bellwethers you hear traders are most focused on if you had to pick one? >> here is the thing, so odd to see earnings season where earnings don't matter. no one has a way to beige the future looks likes because we're in a pandemic. i can tell you alphabet has been a bright spot. so has apple, this week. they reported that apple stock has been reported up 30% this year. these companies have done well as we're under lock down. it is more easy for their employees to work from home, as ohio posed to some other companies. thing investors are looking for, do they say their ad spending has been slashed drastically because of this, melissa. melissa: thank you very much. over to lauren who has got the earnings, connell. connell: just coupling out. breaking news, alphabet, google's parent company, revenue

up 4 1/2% was better than expected. it ace tough environment for any company including alphabet to handle but to give you perspective they had revenue expected to go up 11%. went up to $41.46 billion in the most recent quarter. now it is earnings looked like missed the mark here. tough with expectations should we look closely at that or not given the environment we're in. earnings came in adjusted basis of $9.87 per share for the first quarter. expectation on wall street was for $10.33 a share. supposed to be down 13% from this time last year. it went down more than that i don't see any outlook for the second quarter. if we get one or have one moving forward, melissa, we'll come back to you. a quick recap, as you see on the screen, adjusted basis on earnings, you're below the mark set by analysts but revenue is better than expected. so far in the after-hours, investors seem to be focused on that. the stock is up about 2 1/2%.

more to come. right now back over to you. melissa: thank you so much. here is adam lashinsky, fortune executive editor. he is also a google spouse. we mention that. gary kaltbaum from kaltbaum capital management. they are both fox contributors. adam, let me start with you. what's your reaction to those numbers? >> there was never any doubt, or never any doubt about this company it was going to be fine, everybody assumed. not only fine but however any company comes out of this google will be in better shape than most because they're so good making money, because they have so much of it. so, there is going to be tremendous amount of color we'll look for in the actual report and in their comments. in particular about how small business, which we were talking about earlier is behaving because they sell these ads to so many small businesses in ad diagnose to everybody else. asked me my reaction being down more than people expected.

first blush, seems to be pretty good only down a little worse than was expected. >> gary, what about you what are you looking for inside of this report? >> looking as the tide is going. google owns the space. they are at dominant force. if anybody comes back quicker it will be them. they proven this number in very tough end of quarter. now we'll see if the economy stays soft throughout this quarter. there will be some issues. remember, travel is dead. travel was a huge part of search. autos right now, not much going on there. that's a huge part of search. so there is definitely going to be affected but i think less so, unless this ends up being protracted and that means that the economy stays down and the pandemic doesn't end soon enough. if it comes back, if the pandemic ends sooner, google will come back first and foremost. melissa: you know, adam, one of the things that struck me a bunch of these companies we've

been reliant on during the pandemic have had such a run. i just don't know in a shrinking economy can they really live up to that? names like amazon, peloton, and even alphabet here, as everyone says, we go on google. that is what we're doing at home. we're streaming, watching things. average consumer will not have as much money. average company buying advertising, unless you're talking about political campaigns, but short of that, there will not be a ton of money for advertising. what is your thought on the runup in some of these names? >> you're making, you're making a great observation. i think this is the challenge that all investors face. we're trying to make pick for tomorrow, next month, three years from now, what? so i think the runup that you've seen has been people thinking about next month and three years from now, when you know that some of these companies like amazon, gaining market share from every retailer you can think of.

google, more solid financially than any company you can think of. we can go down that list. and so, having said that, i think you're on to something and traders will react to that because they are a reflection of the overall economy. they may be a great company, but the customers are the economy, period. that's global by the way. melissa: absolutely. all right, guys. send it over to connell with more earnings. connell: we willing. we'll go to ford's earnings in a moment, melissa. and continue to cover the alphabet breaking news. we'll talk more about this after the break. ford shares lost a lot of money at the end. quarter. but everybody knew that we'll look forward to see guidance about operations getting started, what have you. we'll talk more about alphabet and how that stock is trading after-hours. all that and more still to come here on "after the bell." we still cover the pandemic.

3 million plus cases worldwide and a million here in the u.s., one million plus. with that what we're really looking at today is testing. we have more and more tests being performed across the country. and we will talk about some of the numbers there as local leaders keep fighting for their economies to open up and stay afloat in the meantime. the latest on the pandemic as we continue through the hour. getting nation back on track. more stations outlining plans for phased in openings. including a former hot spot of new york, the state that was hit the hardest. governor andrew cuomo says it could start with one industry. we'll talk about what that is in just a moment. we'll be right back. this is an athlete, twenty reps deep, sprinting past every leak

in our softest, smoothest fabric. she's confident, protected, her strength respected. depend. the only thing stronger than us, is you. why accept it frompt an incompyour allergy pills?e else. she's confident, protected, her strength respected. flonase sensimist. nothing stronger. nothing gentler. nothing lasts longer. flonase sensimist. 24 hour non-drowsy allergy relief ♪

♪ ♪

daddy, i found you! good job. now i'm gonna stay here and you go hide. watch your favorites from anywhere in the house with the xfinity stream app. free with your xfinity service. now any room can be a tv room. stream live tv, on demand shows and movies, even your dvr recordings. download the xfinity stream app today to stream the entertainment you love.

connell: here is "fox business alert." we mentioned ford's numbers. stock down 1 1/2%. ford lost a lot of money. everybody knew that was going to happen but it lost even more money last quarter than analysts had anticipated. work the out on per share basis was 23 cents. the expected loss was 12 cents. on the revenue too, it doesn't look great compared to expectations. the overall automotive revenue 3.31 billion. analysts looking for 32 1/2 on that front. the thing ford did, it took out

it drew down i guess i should say from a couple different credit lines, $15 billion plus. it suspended the dividend this is before the earnings report. what it said in the commentary on earnings, it has enough cash right now to get itself through the rest of the year. obviously tough times for ford but they believe the cash is sufficient, is how they phrased it to get through the rest of the year. the stock after-hours down 3%. more to come on that. more to come on google's parent company alphabet. susan li, reporter susan li has been on the phone with alphabet ceo. we'll check in with susan to get more color what that company had to report, all ahead. melissa. melissa: president trump wrapping up an event just moments ago at the white house touting his administration's efforts to help small businesses during the outbreak. blake burman is in washington with the latest. blake? reporter: hi, there, melissa, touting indeed that administration taughting with the second round of ppp, small

business loan funding there have been glitches along the way in first couple days. the administration says that is due to demand. here is the latest numbers according to the small business administration. they say in the second batch so far, more than 475,000 loans have been handed out, totaling more than $51 billion. earlier this morning treasury secretary steve mnuchin warned that loans over two million dollars would receive additional scrutiny. in an east room ceremony just a little while ago president trump noted the focus on smaller loans. >> and one of the things that the secretary of the treasury told me is that the amounts are much more loans, at much smaller amount. we like to hear that we're looking at small amounts, smaller businesses. that's what we want. reporter: we're also waiting an executive order from president trump which he will use the defense production act to insure that meat processing facilities stay open. i'm told he will do so, deeming

meat processors critical infrastructure. and federal government will provide protective gear along with guidance. >> we'll sign an executive order today, i believe. and that will solve any liability problems, where they had certain liability problems. and we'll be in very good shape. we're working with tyson, which is one of the big companies in that world. we always work with the farmers there is plenty of supply. as you know, there is plenty of supply. reporter: so the president says there is plenty of supply as you heard there but the head of tyson warned over the weekend that the supply chain in his words is breaking. back to you. melissa: woof. blake, thank you. connell? connell: speaking of supply chains and the food industry, we have a potential lifeline for struggling farmers coming up. one delivery service pivoting to fill this growing hole in the food supply chain. we'll talk about that. we have major league baseball

hall-of-famer cal ripken on the show later in the hour. we'll talk about the future of the game. back to playing baseball. how he and his foundation are stepping up to feed families impacted by the virus. %! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! safe drivers do save 40%. click or call for a quote today. safe drivers do save 40%. doctor bob, what should i take for back pain? before you take anything, i recommend applying topical relievers first. salonpas lidocaine patch blocks pain receptors for effective, non-addictive relief. salonpas lidocaine. patch, roll-on or cream. hisamitsu.

connell: starbucks reporting numbers after the bell. earnings is light two cents a share in the most recent quarter. 34-cent estimate. they did top expectations for what it's worth on the revenue side. 6 billion even. the stock barely budged in after-hours trading. a few headlines before we move on that kind of stand out on the starbucks earnings report. one is, if you're driving around now saying how many of these starbucks stores are closed? it is half. they said in the united states 50% of their stores are currently temporarily closed. you have starbucks by us has a

drive-in. another one might be closed t works out to half. they made comments about china. they see a substantial recovery in the business in china, which is huge for starbucks, by the end of the year, at least have all the stores open at least on some basis. they have restrictions. half the stores closed here in the u.s. revenues better. earnings a little light. that is another big one from starbucks. we move on to farming a lifeline for local farmers. industry taken a huge hit while sources for revenue are currently shut down. they are connecting farmers products directly to the consumer. mike geller, joins us, mike's organic deliveries is the company. tell us how you do it, mike. we talk to a lot of people in the farming business are getting absolutely slammed but how does your company step in to help the process? >> thanks for having me,

connell. what i started mike's organic 2009, it served as a bridge between small local farmers an consumers. still what we do today, we work directly with the small local farms. drive to the farms, pick everything up. bring it back to the warehouse in stamford, connecticut. deliver people in their homes. we filled up, up to fill the void of larger retailers not able to fill the demand. connell: all we hear about supply chain issues, supply chain issues. today you probably heard, we have the news about the president trying to compel these companies, tyson foods, to stay, to stay open. they have issues,. i'm sure you never seen anything like this in terms of the supply chain. what do you make of it all? >> as it relates to the supply chain, today's news notwithstanding i think you will see more closures. there is is the threat of more closures. it is a really difficult

industry to contain. workers, working in close proximity to each other. a lot of employees. there is a lot of threat in the industry. it is being attacked on all sides. you have the threat of the virus in the factories. you have farmers, you heard news of farmers euthanizing chickens and pigs because they can't get them to the facilities. demand is pushed down to the people with mikes organic. we're filling void of all extra demand, people not going to restaurants. people ordering their groceries. it is a very unusual time we're living in for sure. connell: obviously some of that is temporary, right, mike? is any of it permanent? are there changes taking place in the business that might last forever and if so which ones? >> i believe you're going to see a semipermanent to permanent shift the way people consume and purchase groceries in the country. people obviously will still go to restaurants and still go to grocery stores. some consumers pushed online to

shop for groceries, many for the first time i think they're going to stay there. that is kind of why my mission is to shorten the chain, get as close as possible to the farmers, to our providers, eliminate some steps in the chain to get more quality, local food on the table. connell: what is the difference pricewise, between doing it like that? i'm sure farm to table stuff will be out of people's reach, right? how do you control costs for consumer? >> sure, it is a great question. we're definitely comparable to place like whole foods in terms of our pricing. the other part of the issue, the more local farmers we can support, let me say there are a lot of heroes in this country. health care workers, grocery store clerks. farmers are truly some of our heroes they're keeping our country fed. especially small local farmers don't have a lot of support or safety net. they're driving a lot of this

for us. if you do work directly with small local farms, sometimes the price can be very competitive. you're seeing record prices for commodity beef. 30% increase in price of commodity pork. our farms, our pricing hasn't changed at all. because our farmers don't grow commodities. they raise animals. connell: fair enough. you're probably right about some of those permanent changes so we'll check back with you. good to have you on, mike geller, mike's organic delivery. thank you, mike. all right, melissa. melissa: unpausing new york. we'll talk to one new york city councilman for a road map to reopen the city's economy. that's next. the pentagon officially releasing three top secret videos showing what they call unexplained aerial phenomena. i want to hear more about that. america strong flyover. the navy's blue angels, air force's thunderbirds flu over parts of the northeastern u.s.

to honor workers on the front lines of this pandemic. it was fantastic!. copd makes it hard to breathe so to breathe better i started once-daily anoro. ♪go your own way copd tries to say go this way i say i'll go my own way with anoro. ♪go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve

lung function all day and all night. do not use anoro if you have asthma. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you a heart condition, high blood pressure, glaucoma, prostate, bladder or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. the most common side effects are sore throat, diarrhea and pain in the arms and legs. ask your doctor about once-daily anoro to start treating your copd. ♪go your own way save at anoro.com here's the thing about managing for your business.s when you've got public clouds, and private clouds, and hybrid clouds- things can get a bit cloudy for you. but now, there's the dell technologies cloud, powered by vmware.

a single hub for a consistent operating experience across all your clouds. that should clear things up.

melissa: "fox business alert." our own susan li just getting off the phone with the cfo of alphabet. she has breaking news right now. susan: melissa we spoke to the cfo ruth porat, cfo of alphabet.

march was whole different story with coronavirus taking hold. cloud was up 52% revenue in the quarter. youtube was up 33%. search was up 9%. then of course march hit. quart he is tale of two quarters. january, february, strong months. march we saw decline in advertising revenues reflecting the global economy. what does that mean for costs going forward? they spent less in traffic acquisition costs. they paid less to other websites to funnel traffic through google search. at the same time she says we're looking at the leverage we have to moderate the pace of investing in the short term because of coronavirus and also uncertainty in the global economy. so that includes slowing the pace of hiring. we know that google has been looking to do that. and to be clear, google, alphabet are still continuing to add, we're slowing pace of hiring, relative what we would have thought it would have been at the beginning of this year. i also asked about the asia

specific. maybe this gives us an indication how google business held up since covid-19 since covid-19 went through china and asia-pacific first. i asked if she had seen recovery signs at least in march, heading through to april and the second quarter? she says 20% year on year, hard to have direct read-through according to ruth. direct nature of our business. different responses across the a-pac. although it did hold up pretty well. given to covid spreads from china, singapore, japan, google still held up a 20% gains in sales bumps during that time period that is and indication that alphabet's business could hold up off of here in the u.s. as well. but you know, melissa, she actually said it is uncertain. they're not giving as you lot of guidance for the second quarter at least as we know how dire it is for the economy and for business. so it will be interesting to see how alphabet manages it.

we know spending will actually be limited. they're trying to rein that in. melissa: susan, thank you. so a plan to get the empire state back up and running. new york governor andrew cuomo highlighting how to begin putting residents back to work. take a listen. >> identify industries that you can start reopening that will bring people back to work, get the economy going, so in phase one we're talking about the construction and manufacturing industry. melissa: here now is new york city councilman, stephen levin. thanks so much for joining us again. as we get ready to kind of open things up here it does seem like finally here in new york testing is available. i went this morning. i got an antibody test, there were millions of people in front of me, behind me. they weren't turning anybody away. do you see a big difference in the city? do you think we're finally getting there. >> great to be with you again here, melissa. thanks for having me.

well, we need both kinds of tests honestly. we need antibody tests which are good for getting a broad picture where we are in terms of public health. so that's important but we also need the other kinds of tests what they call the pcr tests. those tests test for active infections. we need that at a much higher scale than we currently have because those are the tests that you are going to need as you start to turn a corner and reopen the city to be able to contain any future outbreak. i think it is really important to note that the governor did an antibody test survey. tested about 3,000 new yorkers last week. found that about 21% of new yorkers tested positive for the anti-bodies, new york city residents. that means though, that 79% of new york city residents did not test positive for the antibodies. that is 7, 7 1/2 million people. as we reopen the city, we have to keep in mind that the vast

majority of us, 7 to 7 1/2 million of us do not have antibodies to this disease. fact of the matter we don't really know what antibodies do because we don't know how protective they are, but most of us will not have those antibodies. so we absolutely need to have the pcr testing at capacity. we also need the contact tracers. that means hiring thousands and thousands of new yorkers would be able to track down actual transmission chains. then we also need, we need to be able to leverage some technologies that are going to be out there. so apple and google doing this app. communications and other types of technology that we can leverage. it is not a cure-all. we don't want to rely on it necessarily. we want to compliment on the boots, boots on the groundwork of contact tracers, yeah. melissa: for the record the urgent care i was at did offer pcr testing as well.

don't have symptoms. other people were getting that. other urgent care i was looking at. they were in a lot of places. they were testing for the option. checking do i currently individual as well. we're improving. we could always have more. >> we're improving. >> one big concern for me, before we run out of time, the homeless population here in new york and elsewhere. >> yeah. melissa: for every big city it is another huge problem. in new york it is manifesting themselves they have moved to live on an subways. they're putting mta workers at risk. themselves at risk. our health care workers as we try to open up again, everyone is saying that is not my fault. i reached out to the mayor are. the mta says they would love to do something about it. they can't, it is up to nypd. what -- here in new york and other big cities. >> yeah. it doesn't matter whose fault it is, we all have responsible to do something about it. melissa: right. totally.

>> there are many empty hotel rooms in new york city, we don't have a lot of tour rifts. those hotel rooms if we contract for people unsheltered or in high-risk settings like congregate shelters, fema will reimburse between 75 and 100% of those rates. the governor cuomo and president trump -- melissa: are you getting traction on that? you mentioned that last time? >> we're working, we're still working on it. we're engaging with our federal colleagues to get some clarity, but if you look at california, governor newsom announced three weeks they were doing this project, project room key, that is doing that exact thing. they announced it with fema. we're trying to get clarity here but, can we do that here in new york city? what has been the engagement we've seen so far, both on the state level and city level. because, i will say it again, doesn't matter whose fault it is, we all have responsibility to do something, not just to protect those people on subway but protect public health as

well. we don't want vector on subways to be additional vector for transmission. melissa: no. that seems like it is a huge key to reopening the city and i didn't mean whose fault it was. i meant who could do something about it? last time you were here you talked about that plan. >> yeah. melissa: makes all kind of sense. let's hope fema steps in there. real quick, couple section we have left, give me one more thing we have to do to get this city opened in your mind? >> back to that pcr thing, there is actually supply chain issues still. i'm finding in recent days we still have an issue around swabs. we don't have enough swabs. we need to make sure in addition to having whatever components coming from various sources we need to have every various component to do that at scale. this is going to take immense amount of coordination between the city, the state, the federal government and the people of new york. the people themselves. we have to understand, we have to know that governor and mayor need to tell us what's the plan?

what is your plan? what's your strategy? and let's drive that home so every new yorker knows what they need to do, what they can expect to happen. what are some indicators we're looking to see? if we're going on the wrong track what do we need to look out for so we know how to course correct in real time. melissa: some of it was taking matters into their own hand. a woman in line in front of me. she brought all eight of her employees from her small business. she was paying co-pay for them to go in to get the tests so she can reopen. but then that took urgent care center near me having tests available which they did. it is a lot of different things. hope you come back again soon. give us an update. let us know what is going on with the homeless situation, all of that. councilman, thank you. >> thanks for having me. see you soon, thanks. connell: all right. we have a group coming up, melissa that is completely shifted its focus amid the pandemic this is the guy behind

it, major league baseball hall-of-famer cal ripken, jr. we'll talk to him about his effort, he and his foundation to strike out against hunger and feed families in need. maybe we'll squeeze in a little baseball talk as well. cal ripken coming up next.

this is an athlete, twenty reps deep, sprinting past every leak in our softest, smoothest fabric. she's confident, protected, her strength respected. depend. the only thing stronger than us, is you. she's confident, protected, her strength respected. there are times when our need to connect really matters. to keep customers and employees in the know.

to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. and now for their service to the community,

we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

♪. connell: striking out hunger, one major league baseball hall-of-famer teaming up with the group of feed america, to feed families during the pandemic that is a cal ripken, jr. great to have you on the show. you have a foundation already, right? and from what i read, you guys totally shifted gears what you were doing. tell us, what was the foundation doing before? how did that conversation work here in the last few weeks? >> to give you a little context, we started the foundation, cal ripken, sr., foundation to capture my dad's legacies. we built fields. they cost million dollars a pop. we developed programing all over the country. we built a wonderful infrastructure help kids in tough areas of the country. but what we decided to do, we're sitting around, okay, what will we do in the meantime? how can we focus our attention on the needs now? we decided to temporarily change our focus to food insecurity because that is a big issue in a

lot of these communities that we serve and we partner with feeding america and we put up $100,000 right out of the chute. our partners, niagra cares, kevin harvick foundation, bargain alley, they put up a big sum of money. we had a big nest egg to start out with but we want to appeal to everyone out there. you can help in the smallest of way making the biggest of difference. one dollar that goes into food if you donate one dollar, 10 meals distributed. $10 can have a big impact on 100 meals. so we're trying to encourage other people to help but we want to tackle the issue, use the infrastructure much our foundation to tackle to tackle issues here and now. connell: so basic. we cover the economy all the time. it is really bad. people have taken a really big hit. 20 some million people filing for jobless claims.

to get to the heart of that, people have to eat. i'm sure a lot of people watching want to help. i know you're group is great. you're on twitter s that a new thing? is that how people help as well? how do peep help if they want to? >> ripken foundation.org is way to go quickest. you can find me on my handle at cal ripken, jr., aye i'm used to describing. these families in there, they rely on a lot of food that comes from after-school programs, and schools. when that disappeared, all of sudden there was a void. we want to help fill that void. you can help in the smallest of ways. you can help in a large way like our sponsors have. we want to encourage everyone in this time of need to focus on some of the most basic needs. that is food. connell: such a good point. i remember we were covering the beginning of the pandemic.

there is a debate should we close schools or keep them open. sometimes people forget. that is the one hot meal some kids in hardest hit area they get is their school. a lot of districts set it up so they can come in to get the food. you're filling that gap. great work. check out the foundation website. i hope it is okay to talk a little baseball while you're here and get your thoughts on -- >> sure. connell: people are starving for sports, right? i would say the jordan documentary espn hit on, huge numbers, nfl draft, huge numbers. what are your views on sports how should we restart it when it comes to baseball? >> i don't know i have an exact view or exact plan because major league baseball and the commissioner are working on those plans now. but we want back in some form or some shape because sports play the role in the recovery. i was able to witness the recovery in 9/11. that was my last year. stumbling to the end.

emotionally spent, i was saying good-bye for the last time. 9/11 hit. perspective, how is baseball really that important? we should focus on real life issues. but baseball at that time played a huge role in the normalcy or comfort of something that we could hold on to and know that everything was going to be all right. so i know that sports plays that role. i know in particular baseball does. so i'm hoping for it in any shape or form. connell: you know the two standout moments from that period, i was in new york after 9/11, and of all the memories, definitely two baseball memories that are distinct. i am sure people thinking right along with me. one when president bush threw out the first pitch at yankee stadium. he warmed up with derek jeter beforehand. he went out, threw a strike, place went crazy. i'm being fair and balanced for mets and yangtze fans, the other was the mike piazza home run for the mets. maybe it might be weird, might

not have fans in in stands butwd be something to watch. >> sometimes we need something for comfort. your mom's food when you're not feeling well. in every day lives. baseball, every single day it is our pastime. you want to know what happened. it almost makes you feel like it is part of the routine. how we go about the normal lives. think i that is the important part about getting baseball back. is to give us some semblance of what normal used to be. connell: all right. the great cal ripken, jr., thank you for coming on the show. great work you're doing. good luck with the foundation. we'll follow up on that. thankthank you, cal. >> thank you so much. melissa: another "fox business alert." let's take a look at alphabet shares climbing after hours, following a beat on first quarter revenues despite a significant slow down on ad sales. susan li is back with more details from her phone call with the company's cfo.

melissa. susan: another catalyst in the stock after-hours is cash return. a lot of companies are canceling dividends and buyback programs in order to preserve cash in the uncertain coronavirus times. not the case for alphabet. on the phone call, big banks, intel, chevron, at&t and the like, no more buybacks and repurchases, alphabet is sticking with their plan. they're looking to buy back $21 billion in shares. that means the stock price goes up when you take stock out of the market. in terms of antitrust. that was something else discussed. i asked her about this. fitbit is being investigated by the department of justice doj. this is $2.1 billion acquisition. still expected to close this year. in terms of various investigations we're responding to increases as you have heard us say before. these are industrywide increases. they cover a wide range of topics for trying to be engaging as constructively as possible in order to answer all these questions from the government. i also asked her if she expects

litigation costs to go up in order to fight antitrust? she says we're investing for the future. i think the takeaway, melissa, these are tough times, uncertain times and better, more insulated if you're a tech company like alphabet with $100 billion in cash on the balance sheet. melissa: i mean cash is king right now. they ban to know who has the money in ride this out. what is your burn rate what do you have on hand? the fact they buy back stock and spending cash and really astonishing and impressive. susan. thank you for the detail. we appreciate it. connell? connell: we have a top secret video, melissa, officially declassified. the pentagon releasing footage of unexplained aerial phenomena. that is a tease. that should be enough to keep you. we'll be right back. ♪. (music)

♪ ♪ melissa: some out of this world footage released by the pentagon, three videos of, quote, unidentified aerial phenomenon have been declassified after previously being leaked by a private company. here is brett larson, fox news headlines 24/7 anchor. what do you make of this, brett? >> reporter: definitely a bit of an eyebrow-raiser, especially for fans of unidentified flying objects. this is actually very interesting. we know the pentagon keeps an eye on these aerial phenomenon, that's what they call them. two incidents here that made news several years ago when the footage was actually leaked to the press, now it's been confirmed by the pentagon. if you look at the video, most of us have seen this because it surfaced online several years ago. when you look at the video, the two pilots, they were f-18 fighter pilots that were off the coast of the pacific, out in the

pacific ocean about 50 miles off the coast. they saw this flying object, they can't explain if it, it moved at speeds and velocities that we don't have that type of technology. so it is a very interesting admission on the pentagon's part saying, yes, these videos are accurate, yes,, they are real, and we're just going to classify them as unknown. what's interesting though is the pentagon needs to keep an eye on things like this not a because they're hunting for little green men or searching the skies for alien ships, it's just that we have to know what other technology may or may not exist. are these potentially weapons from an adversary here on planet earth that has potentially figured out ways of doing this? now i guess we have to wait and see what sort of excuse they give us, we're going to hear something about, oh, it was just a weather balloon, it was someone's backyard drone that got caught up in a hurricane-style wind. that's always the fun part of after the fact, just like we saw with the roswell incident

several decades ago. they came back later and said, no, no, no, that wasn't a spaceship, it was a weather balloon we had up there. still more to follow, but certainly ufo fans around the nation today are certainly excited about the footage they got confirmed from the pentagon. melissa? melissa: so, brett, what was amazing to me about this because, like you say, i remember two years ago when we saw these shots, and when you look at the video online, the pilots are saying that thing makes no sense, it's moving too quickly, it doesn't a appear to have wings, we can't explain what that could possibly be. >> reporter: right. melissa: people who know what they're actually talking about are looking at this thing and saying it makes no sense. at the time i thought we were going to hear, okay, this video was made if up, you know, they were going to come out and denounce it. but this is the government saying, no, you know, we are -- no, we're saying -- [laughter] >> reporter: yeah. melissa: -- we don't know what the heck this is, and it is real video, and it did really happen.

so to me, that's what's so astonishing about this news right now -- >> reporter: right. melissa: they're basically confirming we have no idea what this thing is. >> reporter: exactly. and also what's interesting about that a couple years ago we also heard that, as you said, these are fighter pilots. if anybody's going to know aerial phenomenon, it's them. if anybody's going to be able to say that doesn't look right to me, it's going to be them. what we learned was after these videos were leaked, the pentagon now actually has a process by which you have to go through to file if one of these reports so that it can be properly investigated. so hats off to them for at least giving some credence to these guys who have probably seen a lot of very unusual things that may or may not be explained away. some good news, indeed, all around, melissa. melissa: yes. i mean, it's incredible. my kids see ufos out in the backyard every night, but these are navy if pilots, as we said, so they have a little bit more.

brett larson, thank you so much. incredible stuff. we wanted to giver you a different story the, something a little lighter -- or maybe not lighter, i guess, if you think there are ufos, but something not related to the pandemic. that does it for us. thank you for watching. "lou dobbs tonight" starts -- ♪ ♪ lou: good evening, everybody. we gun with soar -- we begin with soaring and patriotic tributes today to all american workers on the front lines of the fight against the wuhan virus pandemic. [background sounds] lou: 12 high performance jets from the air force thunderbirds navy blue angel demonstration team staging flyovers above new york, new jersey, connecticut, penn