i need somebody to give me an estimate. stuart: it's going to be on the laughing gas to get through it. [laughter] have a great weekend. dow is up 369. believe it at that. neil, it's yours. neil: you did a very good job. i'm talking about your haircut. [laughter] have a good weekend. i need to do my hair, it's out of control but what can you do? dow up 373 points. nasdaq going further into positive territory. all major market averages have come back more than 30% since the lows a little more than a month ago, that's stunning. not more than 5000 points for the dow getting in reach of the all-time highs.

a few weeks, about a month ago. "wall street" is passing unemployment news, we are going to get in more depth with that. there obviously seen an improvement in cases, hospitalizations and that. they are also looking at a tiny settling and some friction when it comes to this trade deal. a lot of people have said they don't trust them, how can we trust them on the promises they made on the trade front. hey, blake. >> we gotta notice last night that robert, treasury secretary steven mnuchin had a discussion with their counterparts including the chinese vice premier, i came as a bit of a surprise because we've been

pointed to conversation expected to happen next week but clearly, u.s. and china are talking as it relates to the phase one trade deal with conversations expected to happen going forward. if you're of the belief talking is a good thing, he would view that i was a positive signal. it's interesting to hear from resident trump himself this morning when the president appeared on fox and friends, is asked about the current status between u.s. and china right now and the president acknowledged there is a trade deal and he got signed but he also said the following, i'm very torn as to, i have not decided yet if you want to know the truth, that's interesting because the president said he would receive a report next week whether or not china is living up to its

end of the phase one trade deal. the market taking all of that into play this morning, will also have to digest whatever comes out of the white house in the upcoming hours because we expect the press secretary to take to the podium for another press briefing and also in the 1:00 hour, the president will meet with republican members of congress. i was told this morning the topic of conversation there will be possible next step economic measures that could be taken, clearly the conversations are ongoing because larry kudlow told stuart this morning yesterday they had conversations with 40 -- 50 members on capitol hill, republican and democrats alike. the conversation is ongoing but the white house continues to signal that they are on pause right now for any potential

economic measures coming out. they want to see what happens the rest of the month, maybe even early june. there will be a meeting within the next hour, republicans will try to map things out. neil: they will have the press session this hour or next hour? blake: i believe it's 12:30 p.m. so we should get her momentarily this hour. neil: i see what you did that, to be determined. he speaks, we will give you that and take you that. i did not believe, i did not know that would happen as soon as this hour. we'll update you. new york governor rummel talking about a continued trend in hospitalizations, i believe this represents the 14th day that we have seen hospitalizations

trend down. >> another public health issue and i think we have to learn from this and we learn from as we are going through because we may not have the luxury of time. the speculation about second wave in the fall or winter but we have to start getting ready now. it's shocking to me that so many months and weeks we talked about the virus coming from china, from china. now it turns out it didn't come to the east coast from china, it came from europe. all those talking heads, that's a relatively new fact. when he didn't look back at the timeline of what was going on, i think it's informative, we were talking about the virus in china last year, november and decemb

december, we had the first case in washington, january 21. within cap the china travel banned by the president february 2. that was the right move in retrospect. six weeks later, you have to travel plan from europe and bristol have john f. kennedy airport opened in new york as a final airport, there are about four that were left open for flights coming from china and europe. john f. kennedy airport, our main international airport was one of them. when you look back, november to april is a long period of time. what happened, apparently, the virus got on the plane from china, someone who's infected got on a plane and went to

europe and from europe, it you drifted mutated and flew to new york and places on the east coast and to chicago and you can see why. the virus wasn't going to say and china. neil: we are monitoring this and i've got something going on, 14 straight days, i'm told right now that it 12 straight days so i don't know for sure who is right but i would trust the person who collected and set 12. bottom line, that's among the figures they look at metrics they use to reopen states or to get them to loosen provisions on state homeowners and all that. testing and standing in the population for antibodies but a big part would be

hospitalizations that's an indicator here, not so much a lagging indicator. particularly around the new york city metropolitan area but the important outline here from jackie, every time we look at this, stimulus to address the virus is one thing. improvement on the progress of the virus is another. "wall street" tends to move more with that and optimism that we are rounding the bend than it does anything to address economic follow-up. >> even though we are the financial capital and we are here in new york and so are a lot of the participants, they are looking around the country and this has been one of the hardest hit areas that will open up as quickly but other areas are opening we haven't heard there have been problems associated with that yet.

you see the market today and moving higher, 379 points on the dock. this is after they shrugged off but terrible but expected jobs number this morning, there's optimism after the phase one trade deal will be implemented and move forward in a way that was expected. 14.7% 25 -- 20.5 million people out of a job. it wasn't as bad as some of the estimates have said, expectations were that it could have taken out the unemployment height of the great depression, it didn't. in 1948 hi, 10.8%. average hourly earnings, they were up almost a% which suggests lower wage workers have been hit hard by the pandemic the higher wage earners, larry kudlow was on this morning and reminded us of two things, two thirds of this job loss will be temporary

and the possibility that we haven't seen the worst of this yet so make would be really difficult also. the president waiting and said this. >> it's totally unexpected, there's no surprise. somebody said look at this, even the democrats are blaming me for that but what i can do is i'll bring it back. >> bring it back, that's what "wall street" wants to seek but let's look at the carnage within this report because it's going to be hard to bring some industries back. hospitality jobs, a 40% dive in april. they've been pummeled by the impact of the virus. the total unemployment or lowest since 1980. it wipes out 32 years of job growth. we know we will come back in time but it's difficult to say how long it will take some versus others and if this leisure and hospitality industry

can wait that long. looking at the numbers for the week, you can see the dow is looking for a gain of more than 2%. s&p for the 2%, nasdaq raised its losses for 2020 almost 6% if we stay on track with these numbers today. neil: thank you. to spell this out for new york, targeting specific numbers right now, hospitalizations in new york, this would represent yesterday, 8196, the day before 8065. another area is a three day rolling average at 604 versus 607. that's something i follow is first covid-19 hospitalizations. the trend remains governor spent probably one of the more important statistics when they do address may 15 whether to

extend provisions, roll them back for certain areas but that's an important metric the years. also a metric of investors focusing on, you are more often than not seen traders responding to promising news for there's a vaccine or improving numbers than anything on the economy itself because the economy they fully expected it to be awful if it's living up, or down to the unemployment rate 14.7% rate in the month. twenty million jobs lost. we are back to levels with not seen, or close to since the great depression. the stock exchange chairman and ceo, it's always good to have you. it's interesting how "wall street" is moving up even as it

looks like the economy is moving down but it's going beyond what it's seen today. >> good to be with you. market, i think is telling this story thought we expect the future and understand we are probably going to get that numbers for the next four to six weeks but over that, when this economy opens up, and it was trucking along at historic rates before we voluntarily shut it down and imposed recession on america. we were doing phenomenal. i think what the market is telling you, going forward, we are going to rebound. two, the federal reserve has acted in an unprecedented, i would say heroic way to say that we are going to be back and keep interest late low fraud long time.

you're going to become the venue of best choice in terms of investment. pension plans, whether they are public or private, are chasing yields to match liability going forward. if you've got a book of liabilities over the next ten years calling front 8% return, you're not going to get that in treasuries you are not going to get that in traditional fixed income. the place is in quality, managed companies and that's what we have here in america. i think that's what the market is saying today. numbers bad and employment report was horrific, but not sweep under the rug. the loss of a job in one person is a tragedy in the present life and family but we are going to recover.

the market is saying that right now i think those who take a look at the next 12 to 24 mont months, while roots. not only will they be rewarded but they will awfully smart. neil: i'm curious, how do you think the market would respond to a vaccine discovery? something that would stop it in its tracks? how would they respond to that. >> it would be a wonderful accomplishment to the world, i think the market would immediately shoot back in the following weeks to historic high levels. where only about 5000 points on the dow away from that level and

you tell me that there is going to be a vaccine to deal with those infected? the market is going to cook like it never has before. neil: i'm curious now, when you rank the new york stock exchange, you had men and women on the floor who exchange themselves, now everything is done by computer and there's talk about eventually men and women will return but now people look at how the big board has been running and hundred, why do we keep doing what we are doing? dick: i think they will return. the management of the exchange and parent company, they will reopen but it will be different. it was when iran 5000 people in five rooms, clearly not but you

will have people smart devices, we can link up using different technologies and i think it will be a different challenge with the smart group of professionals, i think they will follow through with their commitment to reopening the trading store. neil: they don't make them like you anymore, i'm not just saying that because you're italian american but because you are italian-american. you are right. happy mother's day to all. let's take one peek at the dow. this continues, it's been almost

uninterrupted from we knew that, know that, we are over that and focusing at the light at the end of the tunnel which presumably means more businesses and states reopening. we shall see after this. ♪

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there were states that reopened, half of the state in this country has begun to reopen and then there's missouri that like they are doing it in one full swoop. missouri is allowing pretty much all businesses to reopen unless they are a city or county stricter provisions. the founder and ceo joins us right now, he's been very generous when it comes to raising money to get a lot of goods out there including masks. good to have you, johnny. i love this sign.

how do you think things are going? >> we just opened our store last monday, the governor was here, he wrote a book and the title is more than money and that the way i felt about that day. there's something we need for our people to lift spirits in the community and for our customers and i feel very blessed, my whole life being around the great sport of fishing and joined along the way by so many people. our company has grown and i think we've been dealing with this virus like other responsible companies with social distancing, sanitizers, shields, stickers on the floor to control the traffic. early hours for seniors, many of those things but i feel like our

company is diverse, we have a resort here in the ozarks, operate 95 restaurants, hospitality really got hit hard. we are manufacturing kayaks under the name of percent in boats, trackers one of our largest brands here in the ozarks. segment hit fairly hard in our stores have been it, it varies across the country. we have approximately 200 stores for our boats and general outdoor merchandise. at one time, we had maybe close to half hour stores were closed or very much restricted but we are seeing that start to lift and things coming a little bit back toward normal. as a positive demand for people. i say this a good from this bad,

people are spending, families spending more time together, kids are out of school, parents are away from work, grandparents are getting to go fishing maybe more than ever before and we have a long-term view and we feel like some of the good from this bad is like people, families getting reconnected. neil: i didn't even finish, it's like going into what disney rothbart i wonder what kind of precautions have you taken, harvey touched on distancing, your stores tend to be very big but what you do? >> yes, we have restricted, given the size of the store but

we restrict the number of people coming in at any one time and the curbside service, people can order ahead and not even come in the store. if they don't feel like coming in or not feeling good, just don't come into work but we've had so far last report, like 31 reported cases on a 40000 the company of those 16 have fully recovered and hopefully the others are on their way for healthy recovery. we look at other companies like the automobile industry and so far, we've taken a lot of steps to try to have a safe work environment, team members from one another, we've closed down our cafeterias or other places where people would normally, kate. just trying to be responsible

and relying on common sense. we see our customers being more astute, self-conscious with how they social distance and separate themselves. we have instituted some lines, fishing and hunting counters where people will order ahead and we can kind of regulate the volume at the counters with the floor being marked off and trying to process orders before the customers even come. neil: all right. we will watch that very closely. i wish you very well. one of the more aggressively reopened states in the country, doing so in stages but fairly dramatic sweeping stages. that some of the step i was mentioning, whether you agree or

disagree with the fact that we call from zero capacity to at least some capacity and moveme movement, that the streets way of saying it won't get worse than the numbers you've seen. ♪

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neil: we are waiting to hear from, he's helping me out getting these numbers accurate. the done pretty good job at this so we will see whether this continues to trend and presume this. they're not shy about addressing the press but again, we expect her to expound on the comments the president was making this

morning about relations that come with the chinese, what we knew and when we know it as far as severity of these cases. they've jumped about two and a half% and that's here in the u.s. are now around that 75000 level so a lot of people are probably going to touch on this issue, is it too soon? is there a concern that we might be taking an already situation potentially tougher? a physician who helped us out with these guidelines, doctor, one of the things we see happening in new york is the improvement in hospitalizations. that's something i know when we last chatted, you look at closely. why is that important to you? >> hospitalizations are a measure of how many people are getting infected and sick. can't tell by the test if we don't have enough tests around to tell how many have mild

symptoms or actually have it. hospitalizations rates is more, they need medical care, that's a more accurate measure of what's going on and how many are severely ill. the fact that that number is coming down is very promising but the numbers are still relatively high. neil: you feel comfortable telling americans to go back to work? >> i think people have to get back to work because of all the problems i've heard in other respects, people are having medical problems they are not getting treated for that, people who have cancer getting treatment, heart disease and people also can't pay for food, they are having trouble in every

respect of their life. i see problems with disparity, i think in general, it is safer to be at home, all these disparities are coming out at a time like this. if i look at across the board, we saw the beginning people who are older are more likely to develop more severe symptoms and complications. then we heard about issues of african-americans and mexicans being more. nba players are getting tests and other americans who couldn't who are sick so i think if we continue on this path, the problem is that the disparities will continue. more recently, we heard about a dallas salon opener owner trying to feed her families. people are getting classified as essential workers and others n

not, as long as we go on with this shutdown, regardless with the buyers is doing, will have more conflict even between employers, employees, people classified as essential in people who are not so we have to have a plan for reopening getting people back to work and allowing people to be able to pay for the bills and healthcare and other needs but seeing the numbers increasing and knowing peaks are still coming, it's troubling. neil: this notion that happening in the metropolitan area with cases are startlingly high numbers, it's coming from a group doing everything they are supposed to be doing from shelter in place, we don't know all the details of everybody but they are not doing anything loud or crazy. that concern you at some of the mitigation efforts has not resulted in the improving numbers you would think? dr. devi: i'm not as surprised about the numbers because we never actually stopped the

numbers but even though we had essentials workers going to work, it still takes the subway ride shares or other things, they come in contact with peop people. if they have symptoms, they still work to save lives. if you have sick people in contact with other people, they still spread the virus, it shows that we limited the number of people that would have exposure to. same thing with super markets and pharmacy chains, etc. the number of people is less but it still happens. see subway workers getting ill. that's part of the problem you have so many people in a densely populated area if you need people try to work but i think in other areas that are more rural, maybe this will be not as stubborn but i also hear about other challenges, if i talked to doctors in other areas, the idea

that patient get there care by phone or internet, some areas, patients don't have money to pay for the cell phone bills much less food, so they go to the doctor's office and wait in the parking lot, hoping someone would see them. in those scenarios, doctors don't have ppe because it's being diverted to the hospitals but then they seek the patient's to help them, they hand them their own cell phone -. neil: i'm sorry to interrupt press secretary now. >> seventy-five years ago today, our brave american forces defeated europe into the selfless devotion thousands of patriots, they saved the world. over 180,000 americans saved their lives in the european theater during world war ii.

her to take a moment to honor their service and sacrifice. thank you to all of our veterans, you're truly our heroes. as i moved my next subject, or to say our rank and file, men and women are here now. they protect this country from domestic crime and we thank them for their service, they work hard and we owe them a debt of gratitude. separate and apart from what i am about to address. the fbi exists to investigate crime. in the case of lieutenant general michael flynn, it appears they might have existed. as a motion filed yesterday exclaimed, the fbi set out to interview general michael flynn. neil: we are going to follow that, we got the opening statement, we are waiting for her to take questions but she's obviously talking about the fbi and others in the organization,

is essentially dropped by the justice department yesterday that president hamrick back but i want to go to the governor right now, when you were with the president yesterday, he talked about slow opening up i was startled when you said the government had it right half the states counties have none or fewer than was it five cases? >> ] the way we were able to come up with our design, we divide texas between the large urban counties and counties that have more than five cases of covid-19 versus the counties with five or fewer. i didn't look at the number today but it's approximately half of the counties in texas

have five or fewer and they should not be lumped in with the counties with more massive spread of covid-19. that allows the smaller counties to open up a 50% capacity for the counties with more than five cases, they operate or about things like retail shopping malls from movies, hair and things like that at 25% capacity. neil: how are things going in the state right now? you intervened on behalf of a salon owner who was thrown in jail for violating the state's recommendation about doing business in her case, outside her shop. why did you intervene and that? >> several reasons. first because that particular county, dallas county, what was going on that was particularly egregious for this reason.

the district attorney in dallas county has previously announced that he was not going to prosecute anybody who steals items valued at $750 or less. you could steal anything you want, a seemingly for up to $750 and you would not be prosecuted. some counties are letting out of jail people who have covid-19 or may have been exposed so they would not be subject to more in jail. it made no sense, it was absurd to let them out of jail or not prosecute them in the first case while at the same time, putting somebody in jail, a business owner trying to earn money to support her family. there was the necessity that we make more common sense applicable so i wanted to make sure across the board when it

came to all of these executive orders, state or local county executive orders in response to this pandemic that business owners should not be put behind bars because of lack of compliance. there other measures that can be used but jail time is the solution for this time. neil: the judge might have overstepped, i'm no lawyer but by demanding she apologized from is the judge just to wacky? dr. devi: . greg: it's things like that that cause the overwhelming reaction to what the judge did. the judge basically said bow down before me and apologized to me. otherwise i will put you in jail. that's an appropriate judicial attitude. make sure this was retroactive

so this particular business owner should not be placed in jail. bottom line, as we work our way through this pandemic and focus on trying to keep our community safe while also opening up business, we need a healthy dose of common sense as we move forward. neil: i'm curious, the power to dial back these measures or even take them back if there are problems. i assume the spike in cases from what are some of the things you and your people are going to closely follow as you monitor the progress in this? greg: great question. several things we look at as we monitor opening up business in texas, one is the percentage of people who test positive in that

continues to remain no, another is hospital capacity which continues to remain and the other is, depths and percentage of deaths and texas has the eighth or ninth lowest death rate in the united states, the only states that have a lower death rate our stars populated places like montana and wyoming. other important things we are looking at, most of the new cases arise out of texas fall into three categories. meet packing from so we have developed these search teams that will go into these locations do massive testing and infectious control so we can reduce the spread in those three categories. were going to go a long way holding count the number of covid-19 positive cases as well

as the number of deaths in texas. neil: thank you very much. i noticed in your opening hair salons today, they are not open in my state, i think i'm flying to texas to get a haircut. be safe, be well. neil: let's take a look. >> don't think we have the video but i encourage you all to go on the twitter feed and you will see a beautiful video of his grandson talking about how much he loves this country and how everyone deserves justice for all of time when he was so greatly wronged and say this, i

believe in this country and america, i still believe in the principles that make this country the greatest honor, there's no greater tyranny than that which is perpetrated in the shield of law in the name of justice. i hope the media will take these questions very seriously report the facts, every interest in the third generation many years ago, four times the coverage that the exoneration of michael flynn got today. these are important and thank you very much for those who have taken interest reported. with that, i'll take question. >> thank you. congratulations on getting press secretary. i want to ask you, the situation with michael flynn, since the great depression, what's the president's plan to get the country out of this? >> this president is the jobs

president. he got us to a place where we have the lowest unemployment rate in the history of this country. as the president has noted, this is right. we have to put a stop to the economy, this wasn't some economic catastrophe that organically happened, it was decided by the president of the united states to stop the u.s. economy because we had to save 2.2 million lives, perhaps more, somewhere in that range from american pipes, that's what mattered most. this president when faced with a tough decision to put a pause on the hottest economy from american lives matter most. i can tell you, the president is on it once and he can do it again. they're going to work with congress come up with hopefully a facebook, we encourage the house to be confirmed but thus far, the report from a

protection program that has kept a lot of employees in the payroll, roughly half of the workforce in this country have been kept on payroll thanks to the major about going forward, principles like deregulation, the president has mentioned a tax pause, there are a lot of proposals, -- >> isn't there a problem though, he wants these governors to reopen the estate but if americans are comfortable going to restaurants and movie theaters or whatever, how do you get the economy moving again? >> there's a lot of pent-up demand, a lot of people who do want to go to restaurants and movies and go back to their jobs. hear about it every day. i don't think that's the problem, people can trust that we have a president who wants to reopen safely. these are data driven guidelines to reopen.

there's no reason to be concerned because we have a president who always looks at the data. >> a second case of covid-19 in the white house today. people are being tested, why should the average american who doesn't have access to testing still come to work if the white house does this? >> is a member of the vice president team was positive for the test, to keep this building safe which means contact tracing, all of the recommended guidelines we have for businesses we are now putting in place here in the white house so as america reopens basically,

they are continue to operate safely. >> the president talking about the world war two memorial with a group of those in their 90s, is there any consideration to wearing a mask, given that his valley tested positive with some of those in the most vulnerable population? >> this president is regularly tested, make the decision as to whether to wear a mask or not. the veterans protected, they made the choice to come here because they have chosen to put the nation first. is there twice to come here and i can tell you the president always put the safety of our veterans first and of the american people first. >> how much exposure as he had to his valley? >> i can tell you we've taken every precaution to protect the president the same guidelines experts put in place between the

facility, we social distance, key people 6 feet away from one another. we've done everything we've been asked to do and i can sure the american people the commander in chief is protected. >> thanks. which government agency is in charge of disturbing the drug enters the white house in on how they are disturbing it? >> she's going to work and consult as to where the drug should go. she's the person was constantly reviewing the numbers and data and i'm in task force every day with her and she has the best grasp as to how it will be distributed. she will be one of the chief distributors, 1.5 files donated, we are so thankful for that. the drug is promising we want to get to the american people.

>> the first question is about was the possibility of the federal government getting involved given that there are no hate crime laws in georgia, is a proven african-americans and racial profiles with the department consider getting involved? >> my heart goes out to the family i can't imagine what they're going through right now my heart breaks for the. i spoken to the president and he's heartbroken, we will follow the facts. it's been a state matter, but we will follow every detail, i'm certain they will follow the facts. >> in 2015, shortly after the president said racist and

hateful words, is that? >> glad you asked that, in the election, i was watching cnn and i was naïvely believing some of the headlines on cnn. >> you also -- >> i'm not going to read the headlines. i quickly came around for the president, they hired me, was on many panels where i probably supported this president why believe is one of the best president, if not the best president this country will ever have but i would encourage the individual who did that rather than focusing on me, he should be focused on ups cnn has on the shows. jim said ten days before he privately told investigators there's no evidence of collusion that watergate failed in comparison to the russia probe.

privately same are not in possession of any evidence of collusion. i don't recall intelligence or evidence that any collusion from do not recall that being briefed to me. for three years, two years, probably more than that, cnn ran with the collusion narrative. if the market people are watching from the public confused because those individuals were saying much different things publicly that they were saying privately i'm grateful the transcripts were released yesterday. >> are you walking back the comments today? >> i support this president, there's no questioning that. i'm honored to work with him. >> on the michael flynn case, members of the community, michael flynn ongoing, i'm wondering if you think there should be an investigation and whether --

>> i would refer you to the d.o.j. on that but there were very questionable actions that happened in this case. i took you through a number of them i do think the american people deserve answers but i leave it to the justice department. >> have you spoken to the michael flynn about this news? >> i'm not aware of any conversations that have taken place. i'm not aware of any future plans that would regard michael flynn. reporter: can i ask one more, larry kudlow said today negotiations on the next stimulus are at a lull right now. given where the numbers are in unemployment, from your perspective, from the white house perspective, why is it at a lull right now? >> look, i think nancy pelosi should explore coming back and having the house come back and having those discussions. we know the senate is here. i think it's important for us to move and look at a phase forward. the president thinks so, too. those negotiations will happen but a big part of that is we need the house. we need nancy pelosi to come back from california and get to

washington, d.c. and to work for the american people. reporter: congratulations on your new role. >> thank you very much. reporter: following up on jim's questions about getting back -- getting the economy started again, does the president see the cdc guidelines as an obstacle to getting the country back up and running again and if he does not see the cdc guidelines as an obstacle, why not release those guidelines to the public and also follow them as we move forward? >> so i assume you are talking about the guidelines that were widely reported about yesterday about day cares. reporter: yes. >> yes. i would ask you, what's the definition of cdc guidelines? is it something the cdc director has actually seen? i would endeavor to say yes. is it something that a rogue cdc employee leaked to you guys, no, those aren't cdc guidelines. those are guidelines in draft

form a rogue employee decided to give you. those guidelines are in the editing process. we want the american people to get as much information as they can possibly have. that's why we have the phased reopening guidelines, the date achd drivdatea driven guidelines. when we have those, you will be the first to know. how we doing on time? i'm sorry to cut this short. as you know, you guys were supposed to meet three minutes ago with the president of the united states. i will leave you guys with that. hope you have a wonderful weekend. thanks so much, everyone. reporter: -- when both the president and vice president were exposed to coronavirus? neil: i think that's kayleigh mcenany's way of saying bye-bye. she will go into that session the president is having with some republican leaders. we hope to get some tape from there as well. i believe it's a live event. we will actually get that live. in the meantime, she did spend a

good deal of that presser discussing the treatment of michael flynn, especially in the media where she argued it was pretty much a cabal against the guy and maybe they have to clarify that. by and large, very satisfied with the response the president has taken to some of the reopenings going on in the country and optimistic the worst of the economic numbers might be behind us. edward lawrence following this and all these other fast-moving developments today. the president has kind of hinted of more stimulus or more help to come even though republican leaders themselves, edward, have been leery of it. they are worried about the pile-on in debt. this is the same week, of course, treasury secretary mnuchin, you know, has had to borrow more money to support all of that, and the chinese are footing a lot of that. it's a weird kind of position to be in, no? reporter: it's a very interesting position. the united states going forward,

that was some of the questions in there, is how we go forward economically with press secretary answering some of those. also, one more point she did talk about the valet. there was a valet close to the president who tested positive. she says with the president sthy take every precaution with the people around the president going forward. again, she did answer questions about the economy and the devastating jobs number as we all know that came out, the unemployment rate at 14.7%. the administration not sure but moving the narrative forward. here's white house economic adviser larry kudlow on stuart varney earlier. listen. >> three-quarters of the layoffs announced today are temporary. that doesn't remove the pain but that's a fact. with the unemployment insurance, with the ppp program, with the economic impact, direct checks assistance and lots of things, deferral of income taxes. reporter: temporary layoffs, he said there.

the president positioning the economy, according to press secretary, for potential rebound. part of this rebound will involve another aid package. the president talked about this with republicans or will talk about it with republicans in the state dining room in a matter of minutes. he will talk about the potential next step in the economy. the president pushing for tax breaks related to business expenses for entertainment, food. he advises or his advisers float the idea of businesses deducting the cost of converting stores, restaurants and workplaces for the new social distancing rules related to coronavirus. also talking about a payroll tax holiday. also on the radar for the rebound is china, buying $200 billion more of goods and services under the phase one trade deal with the united states. here's the president on "fox & friends" about that. >> look, i'm having a very hard time with china. i made a great trade deal months before this whole thing happened, and it was kicking in, you know, a month ago, and starting to kick in and starting

to produce, and then this happens and it sort of overrides so much. you know, i've been very tough on china over the years. i've been saying china has been ripping us off at a level nobody's ever ripped us off before and i have been tough on other countries, too. reporter: now, last night, u.s. trade representative robert lighthizer and steven mnuchin, the treasury secretary, spoke with their counterparts in china about this phase one trade deal. the u.s. is saying that both sides agreed to follow and honor the commitments that were made inside of that agreement. that includes all the purchasing that china says they were going to do. back to you. neil: we shall see. edward lawrence, thank you very much. to lauren simonetti on what's happening at the corner of wall and broad, wrapping up a pretty aggressive bullish week here and all the major averages, start startling to believe, are up 30% from their lows. incredible. lauren: it really is a head scratcher when you look at the dismal data that we got today on

the jobs report, with 20.5 million americans being out of work in april, but that was not as bad as feared. one of the reasons we have an equity rally on our hands today. you have to remember that, and this could be a problem as we reopen the economy, many americans are making more money not working than they do when they are at work because of the money the government is giving them now. still, many states are trying and starting to reopen their economies. ten more states will do so today. you have the federal reserve propping up the economy in every which way, shape and form that they can. when you compare what's going on now to the financial crisis, back then, investors really believed that interest rates would go up. of course, it took until 2015 for that to happen. right now, does anybody believe that rates are going to go up? no. in fact, there's a growing chorus of folks calling for negative interest rates. while the two-year treasury

yield did hit a record low today, look at the ten-year, up 2.5 basis points right now. go figure. the other reason, the third reason why the stock market is up today is what you were just discussing with edward lawrence, that phone call promising trade negotiations with the u.s. and china. take a look at the nasdaq. it is positive for the year, fueled by the mega-cap tech stocks. these are the stocks that we rely on to get us through the pandemic. you are ordering what you need online, connecting with friends virtually. let's also take a look at a big winner today, uber. look, the company posted a near $3 billion loss in the quarter but the stock is up more than 5% because investors are looking to the other side. uber is cutting $1 billion in costs and projects that next year, they will be a profitable company. what about all the other companies out there? what does the other side of the mountain look like for them? the recovery looks like it's going to be expensive. you have to invest in gear for your workers, you have to invest

in crowd control, in sanitizing and as we heard from larry kudlow earlier, he said they are looking at write-offs for those expenses from any industries trying to reopen and hire back furloughed workers. back to you. neil: thank you very, very much. i want to go to rebecca walser. last time we were talking to her, we were talking about expectations, the market clearly was expecting bad economic news and we have gotten a ton of it. but they are obviously moving past that. what are they moving to? >> yeah. i think it's a dichotomy. we expected 21 million, we got 20.5 so a little under what was the consensus, but a lot of people are starting to open. i took my first flight, my first business trip, it was the first time the hotel had opened. my flight on the way out in tampa was eerily like a ghost town. it was actually kind of scary. i took the flight anyway. there were like 20 of us, we

flew. i've got to say, that was the beginning of the week. flying back i was in the charlotte airport, in the american terminal c. there were seven simultaneous flights leaving all within an hour and the terminal looked packed. it looked packed. i was shocked. i was like i am dreaming here, this is happening, people want to get back out, they want to go out. workers need to hopefully if they are recalled, will go back out, not take the additional unemployment and say yeah, i've got to go back. neil: i wonder, obviously much depends on how this rollout in the states goes. i was talking to governor abbott of texas, who said he has built-in markers there when to dial back the reopenings if there are problems. i would assume a spike in cases that goes beyond the expected, i think they have a built-in 5% figure, if it gets much beyond that, they get worried, they might reinforce some of the same provisions that were in effect prior. do you worry about that, and how

this factors out that this might be a bumpy ride? >> i do think it's going to be bumpy. it's not going to be perfect. we shut down very fast. we can't expect to open just as fast because unfortunately, this is as you know, somewhat politicized with people, i mean, i even had a couple people say you want profits over people. and i think of the human factor of not staying open and people like the dallas salon owner that basically told the judge like a thomas payne moment, give me liberty or give me death, i need to feed my children, if you think that's selfish, then that's selfish. we should expect a bumpy ride, we should expect an increase in cases, and so what needs to happen now is the medical protocols and hospitals and health care systems need to be prepared to receive an influx that never really happened to the degree that was projected from the prognostications initially. so if these people are prepared and apparently they are, or these governors wouldn't be taking these steps, then i think even with an increase of cases,

we can handle a return to work and return to opening. neil: all right. rebecca, from your mouth to the whole economy. we shall see. good catching up with you. rebecca walser. very prescient with these developments we are seeing, particularly ahead of mall operators, including simon property, of course, which is opening a good chunk of their malls across the country, particularly in states like south carolina, georgia, lenox square in atlanta. they are all seeing a return to business. will it be a return to the old business? we shall see. back to the white house pretty soon, when the president gathers with republican law makers. america's oldest lighthouse has weathered many storms. seeing the break in the clouds before anyone else.

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neil: all right. the president has gathered at the white house with these republican leaders. let's listen in. >> -- limited media because of distancing, and some people think i did that on purpose but we've been getting along with them reasonably well lately. i just want to thank you all for coming back because you came back. this is a republican group, largely, if not in all cases. you look pretty republican.

i'm not sure about devin. you're a republican, aren't you? this is a very very republican group and we appreciate you coming back. hi, debbie. and i just want to say a few words and maybe we will say a couple words in front of the media. we just left the most beautiful ceremony celebrating 75 years, and it was magnificent. it was beautiful. it was windy and beautiful and we have a great country and we're rebuilding our country. we had the greatest economy in the history of the world. no country had anywhere near us and we had the best we've ever had but we've had the best ever in the world. china is a very good competitor but we were doing much better than china and that's before covid, before this plague came in. we were doing much, much better

than anybody. best we've ever done. we had to close it down. it was an artificial closing. we had to just close it down. never happened, a thing like that never happened before. we did the right thing. it's horrible, what's happened. it should have been stopped. it should have been stopped where it came from, which is china. it could have been stopped easily and quickly and for some reason, they were unable to do it. i think they tried but it got away from them, i guess. but it's a shame and so many hundreds of thousands of people around the world have been killed, 184 countries, but we're going to build our country back and we're going to build it back fast. this group of people, we all did it before and we'll do it again. we created something that has never been seen before and if you are somebody that likes history and i think everyone in this room likes history, or you wouldn't be doing what you're doing, you would see that and

you would remember that this was the year that china was going to overtake us in the economy. if you go back two months you would see that they weren't anywhere close. that we were going to be there many years of -- if the right person sits in this seat it will never happen. the wrong person sits in this seat, it will happen in a period of a few years or less. can happen almost immediately. so we are in a position where we have to start all over again and we will start all over again, and we'll build something that was even better than we had before, recognizing that so many people have died. so many people have died. that's the one thing we can't do anything about, unfortunately. what i can say is if we did it the different way, if we went herd, if we just said let's wing it, we would have been talking about numbers that would have been unsustainable and

unacceptable. you look on the screens, you look on television today, and you see body bags and you see mass graves and we may be talking about 95,000 people ultimately, we may be talking about something more than that, but if you take a low number, one and a half million, so you multiply whatever number we're talking about times 15, it would not -- it would not be acceptable. it's not acceptable now. one person isn't acceptable let alone perhaps 100,000. so we are going to rebuild it. we are going to rebuild it back as fast as we can. i think we're going to have an incredible transition. but transition leads to fourth quarter, third quarter, i call it transition, we'll start to see it.

it's already happening. people want to come back. i think everybody in this room realizes we have to come back, otherwise you have a broken country, you'll never be able to do it again. you'll never be able to build this miracle. it's a miracle what we did. what all of us did. and what many people before us did. you will never be able to build it again. the people want to come back. you see what's going on at state houses all over the country. they want to come back. i think some people don't want it really to come back for political reasons, which is sick. but the people, the real people, the people that want this country to be great and great again, we can say, they want to get back and we're going to have embers, we're going to have fires, we're going to have things to put out and we'll put them out. we learned a lot, things that we had no idea two months ago, we've learned a lot over the last couple of months and we're going to do a job like nobody's seen before and i spoke with

angela merkel today, i spoke with prime minister abe of japan, i spoke with many of the leaders over the last four or five days, and so many of them, almost all of them i would say all of them, not everybody want to admit it but they all view us as the world leader and they are following us. you look at what we've done with ventilators, we started and we had no ventilators. nobody thought in terms of a ventilator. it's like, i say it all the time, it's like building a car. other countries don't have ventilators and we became so successful at ventilators and building this very complex machine, very expensive machine, but very very complex, to have it right, to do it right. highly computerized. very technologically significant. so we built and we built and we built, and they took other factories, factories for totally other purposes, and now we have

nine factories that are throwing out ventilators at numbers that nobody can believe. it was really, there's not been anything like that since the second world war, where we did the same thing with other types of products. and we're giving thousands and thousands away to other countries that are people dying because they don't have ventilators and they're not equipped to do what we did so we're giving thousands and thousands of these ventilators away to many countries that have suffered greatly. italy, france, spain, so many countries, and nigeria called. tremendous problems in nigeria. tremendous problems all over. and so they're very happy. in addition to that, we're building stockpiles for ourselves so if this disaster ever happens again, we have plenty. some of the governors, we're working along great with almost all of the governors but some of them, they needed ventilators. now it's testing. and we have testing at a level that nobody's ever done before. every leader tells us the same

thing. in fact, they want to know what are we doing but you don't hear that from the media. you never hear that. but what's happened with testing is incredible. so as of this morning, we have done eight and a half million tests and yesterday alone, in one day we did 300,000 tests and that's an incredible tribute. now they have the tests where it takes you five minutes. that was a test that didn't even exist. everything had to go to a lab. it would be sent to the lab so it takes a day, then it takes another day, probably takes you three, four, five days if they do a good job. now you do a test, boom, and you have it in five minutes and nobody ever thought a thing like that was even possible. that's the laboratories. but now we have other competitive tests even with that. so what we've done has been incredible. we're going to continue to do it. we are going into transition and i call it transition to greatness. it's going to be transition to greatness. because we are going to do something very fast and we're

going to have a phenomenal year next year. third quarter transition, fourth quarter's going to be good. there's tremendous pent-up demand. next year we are going to have a phenomenal year. with that, i think maybe i would like to go around the room and you can introduce yourself and say a few words and then after that, the media will leave and we will have some discussions among ourselves. okay? please, why don't we start. i think i know this gentleman, huh? by the way, kevin has done some job. he should have had this job a long time before he had it. but that's okay. we have a great man and he's going to be hopefully a great speaker of the house. we got to get him there. if we get him there, when i say hopefully, hopefully we are going to win because i have no doubt he will be a great speaker of the house. we don't have to hope for anything. he's done a fantastic job. kevin? >> well, mr. president, i do want to say one thing. you and the first lady were out there honoring what transpired

75 years ago, that we had to end the tyrany of what hitler was doing throughout europe. we now battle something that is like a war. this is a virus that came from a distant land that we did not invite. just as we had to transform our country then and unite, that leadership you're providing is doing just that. you talk about ventilators gearing up, testing, more than 1.7 million in one week. the ingenuity in this country will solve this problem. we will not just solve and get a vaccine for us but for the rest of the world. i do want to thank you, coming from california. i know i'm at a blue state, i know i have a governor, but the way you work together, watching you send those navy ships to new york and to california, build those hospitals in the time of need, i do want to thank you on behalf of everybody in california. >> thank you very much. great state. thank you very much. >> thank you, mr. president. for all of the support from your

state. this has been a true partnership and the administration has stepped up whether it's ventilators or building the javits center which was tremendously important. my district in upstate new york, people are eager to get back to work safely. our tourist business, our hotels have been devastated. as we talk about this transition, making sure we allow our small businesses to get back to work safely is so incredibly important. also, our farmers. thank you to secretary perdue for sending us, we have dairy farmers who are going through a crisis but we know that you support the farmers and we are appreciative of all your work for new york. i know you have worked effectively with democrats and republicans in new york. so thank you. >> thank you very much. so for the farmers, you know, we gave $12 billion two years ago from china through tariffs because they were targeting our farmers, then we gave $16 billion. this year we are giving $19 billion to the farmers. that's more money than they have ever even thought about and it's keeping them in a position

where -- really a position of strength but they deserve it. what they've gone through for 18, 19 years. this isn't a new phenomenon. this is for years they have been ripped off so we are taking care of our farmers. thank you very much. dan, please. >> thank you, mr. president. thank you for having us here. thank you for working every single day. speaker pelosi would have americans believe that we can only show up to congress to vote once every three weeks. of course that's not true. we could be working every single day just like this administration is and i appreciate what you've done, appreciate working with us to protect our energy industry. america is in real dire straits with oil prices the way they are, from people worried about that in texas and your administration has been excellent to work with on that front. we understand how important energy independence is to our nation. texas is reopening and i think it can be a model for the rest of the country as we step out of retreat and move to actually confront this virus head on and get people back to work.

>> it's interesting, because oil prices are now going up begaand gasoline prices are going down. that's like the best combination i have ever heard. so millions of people in the energy business, i think there's going to be, you know, that's moving up. you look at those gasoline prices, they are really coming down. i don't think i have ever seen a combination like that. it's going to be very good. lot of good things happening in energy. you should say something. you headed up our whole ventilator problem that this country had. the cupboard was bare when we took it over. people don't realize it. they don't want to say it. but the cupboard was bare. we had nothing. i can say that for the military, too. dan would know that almost better than anybody. the folks that are so much, so well versed on military but our military cupboard was bare also. we had obsolete equipment, we had old equipment and now we have -- we have never been in a position like this. we have the best equipment in the world all made in the united states. but jared, why don't you give a

little talk on what we did with the ventilators and how that just became such an incredible story. we are doing the same thing with testing and we are pretty close to a point where we're equally as good. go ahead. >> yes, sir. on ventilators now, the good news is that every day, the balance that we have in the stockpile that the country has continues to grow. initially it was very scary that we had a lot of states requesting numbers that could not be supplied and a lot of you were very helpful at getting the local hospitals in your districts to give the actual data to the federal government because the president wanted to make sure that anybody in this country who needed a ventilator would get a ventilator. he saw what was happening in italy where people were dying in hospitals and not able to get the care they needed, and the president said i don't want that to happen in america. neil: we are continuing to monitor this. we will dip in and out. we are waiting to hear from treasury secretary he's indicated that more help is on the way but we are not clear what that help might be. the president did reveal something quite interesting moments ago, when it came to

china, about the origin of this. saying it got out of hand. edward lawrence noticed that very very quickly. he joins us right now. that would appear to be the closest the president has come to saying this might not have been deliberate on the chinese part, but it does represent also a 180 from positions he and others in the administration staked out. what did you make of it? reporter: very interesting. you know, we are right off the phone call that happened between the u.s. and china talking about them following through on their commitment. the president saying that the virus basically got away from them and they tried to stop it. we have heard from others in the administration, republicans on capitol hill saying that china basically let this virus go by stopping domestic flights within china but letting the international flights go throughout around the world, so again, very interesting sort of change in tone from the president. here we are, what, 12 hours or so, maybe a little more from that phone call with the

chinese. so maybe something was said there for them to follow through, we don't know exactly how that conversation went but again, it struck me that the president came out and said that the chinese tried to stop this and it just seemed to get away from them. neil: you know, again, i'm not generally in the black helicopter crowd on this sort of stuff, but as you said, that phone call involved sort of getting the trade thing back on track and i'm wondering if it was part of china's strategy to say it's hard to get things back on track when you're all but calling us international villains and liars. that's me making that leap. i'm just saying the fact that the president has spoken in maybe a kinder, gentler way, it is telling. i'm wondering if it does relate to this trade agreement that looks pretty tattered right now, especially with the recriminations back and forth between both countries. what do you think? reporter: yeah, and china has pushed back against the united states with some of the things that we have been saying about

china starting this disinformation campaign, as some on capitol hill have been saying all along throughout this entire process. and again, we did not hear anything from the president saying that china had hoarded some of the medical supplies when they knew this virus was spreading and they turned around and sold it to other countries. the president specifically mentioned france in the past, about how they sold it for a big profit to france. yeah, this was a tone change, certainly, from the president. we'll have to see if that tone continues as the day goes on or into tomorrow or this weekend. but again, very interesting tone change and it comes of thafter phone call with the chinese, with the u.s. saying both sides have agreed to continue with their commitment. we know china is going to buy a lot of goods and services from the united states. $200 billion worth over the next two years. then $50 billion in an increase in agriculture. that's a lot of money from them. neil: thank you very much, my

friend. very good read on this. we are monitoring closely that we don't obviously miss other pressing issues. we are focusing on a couple things we hoped to hear from the president or treasury secretary, how he feels about new stimulus and new relief. the president has been pushing infrastructure but some of the republican colleagues there, including kevin mccarthy, have been leery of adding too much to our debt on top of the $3 trillion, trillions more with federal reserve support, so it will be curious how the president winds himself up on that. also when it comes to aid to the states, curious with a president who expressed his willingness to do that, whether he agrees with mitch mcconnell if the states want the aid, they also have to entertain some liability protection to businesses that open up and if one of their workers or some of their workers contract the virus, they are not going to be sued over that. again, these are some of the things, little nuggets we are looking for from the president and the administration because not everyone around that room, republican leaders all, agree on this. more after this.

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. 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.

neil: we're trying to get more news on this report out of the white house that an aide to vice president mike pence has tested positive for the coronavirus. we do not know that aide's name. at least i don't at this point. but we do know it occurs only about a day after receiving news that the president's personal valet had also tested positive for the virus. both men are given daily tests for the virus so whether they have contracted it or not is not the issue, it's their exposure to aides who might be in close contact with them. we will try to get more on this when we can. now this has hit associates of both the president and the vice president in relatively close range. we get more, again, i will let you know. country and those that measu this a little bit at a time and

either go slow or continue the speeding up. governor jim justice of west virginia is dialing things back a little bit, i don't know if i'm being quite accurate in saying that, but you were dialing back a tad. what's happening now? >> well, neil, there hasn't been anything happened significant from the standpoint of pushing us to dial back, but you know, i keep going back to just the simple fact that in west virginia, we've lost 51 too many people and -- but that number is a fraction of what really it could have been, so we've done a lot of the right things and i'm not tooting my horn. there's been a lot of great experts and everything that have weighed in. but the people of west virginia have done the right stuff. if you just think of all the surrounding states and the multiples of deaths that are way beyond west virginia and the simple fact that we are an elderly state but we are a great

state and we absolutely enjoy majestic social distancing here, so you know, we want to welcome all the west virginians at some point in time but we want to take baby steps. we don't want to rush into this but -- but the other thing is for all practical purposes, we didn't declare -- we had a very wide range of essential businesses so we haven't been completely shut down. but west virginia's doing pretty good. neil: what has dialed back just a tad? i know you have said whatever we do, maintain social distancing guidelines that were in place, but what is going to be a little different monday than what you had originally planned in this next wave? >> well, i think you know, we could have been moving a little more aggressively towards, you know, opening up, our

restaurants, in-restaurant dining, we could have moved a little faster towards things like theaters and things like that, but you know, we have been a little hesitant about that and everything, but at the same time, we are opening up all kinds of outdoor activities. we are opening up outdoor dining. our hair salons, our barber shops are open, all the medical community, all the ancillary stuff. there's a lot, lot, lot that's going on and we are opened up in west virginia. neil: all right. let me just understand this. nail and beauty salons, barber shops, some non-retail businesses with fewer than ten workers, outdoor dining at restaurants, church, funeral services, among others that will be unwinding. is that right? >> well, they are all open. all that's open. all that's open going and everything, and you know, we have a thing in west virginia,

our hatfields and mccoys trails, we are going to open them on may i think it's the 21st. it's the thursday before memorial day. you know, every day, every day we push it just a little bit more. but neil, we watch a number and the number that's driving us is a metric that we came up with -- not that we came up with it, but it's a number we watch, and that is this number. it's the number of positives per percentage of number of total tests taken. when we dipped below 3% and stayed below 3% for a period of time, then that's when we started to move forward with opening up. yesterday, we tested at 1.8%. the other thing i want to say is we are testing more than any state around us. so we're testing a tremendous amount. we're testing at 50% higher than the national average. and as we do that, we watch the

numbers. and we listen to the experts. neil: got it. governor justice, thank you for that. i actually understood that. governor jim justice of the beautiful state of west virginia. very interesting, when the governor put it out, the criteria he uses, again, the percentage of positive cases coming in that stays under 3%. you heard from new york governor cuomo at the outset of the show saying they look at hospitalizations, that's one of their leading indicators. that trend continues down. obviously, better in new york state, the percentage of positive cases in west virginia, that state continues going lower. each state has its own metrics to get back to business. i don't know about as usual, but different than it is now. stay with us. you wouldn't accept an incomplete job from anyone else.

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neil: forget states. you should be focusing on what's

happening with banks reopening or getting the whole process going. charlie gasparino following that among other things. hey, charlie. charlie: how you doing, neil? yes, the big banks are, as the state of new york is preparing to open, big banks are having -- are doing their own plans about opening up. talking about jpmorgan, morgan stanley, bank of america, citigroup, you name it. they are mraall planning. the interesting thing is they are coordinating their efforts as to what they are going to do for their thousands, hundreds of thousands of employees, particularly in new york, which is hardest hit. i think what i hear is they all have similar plans, they are all going to use these plans in other hard-hit areas and this is kind of how it's going to look. it is the number one priority right now, among the big bank chiefs, now that the markets have stabilized, they are worried about reopening and how their new offices are going to look like. what we understand that is they are going to bring people in in waves or in segments.

essential staff first, semi-essential staff second, then least essential staff, people that can work from home is what i'm essentially talking about. they will come in last, or maybe not for a long time. maybe not even for this year. that's the sort of broad plans. what i understand, neil, is they are looking at a june, early to mid-june reopening, of phasing this in. again, this is a coordinated effort so all the banks will probably do the same thing. here's how the bank office space, i think a lot of office spaces in new york city, not just banks, this is what it's going to look like. maybe even ours. banks will have on-site nurses. they will supply all their workers with masks and maybe a mask a day, i have heard. it's pretty interesting. they will limit people in elevators. they will change seating arrangements so if you are in these open office situations that everybody thought was so cool for awhile because it allowed people to talk to each other, well, you will be honeycombed. that means you will be, people

will be essentially six feet apart in their office. that's what i'm hearing. here's the other thing, particularly new york. they don't want people riding the subways. they will only give the okay to the subways if the cdc says there's no problem to that. what you are going to see in new york in particular, buses, vans and maybe even free uber which they believe the uber is even safer than a subway. that's essentially what's going to happen at the banks. again, look for an early to mid-june open date. a lot of it depends on what governor cuomo is saying but he's kind of saying the same stuff. let me give you one update on democratic nominee joe biden and his vice presidential nominee, who he's going to pick. the rubber is starting to meet the road on this according to sources. what we understand is his vp vetting committee started meeting this week. the choice is not imminent but they have narrowed it down to all the names you've heard of. kamala harris, elizabeth warren

has made it into the top tier from what i understand. that's kind of interesting. amy klobuchar, the senator from minnesota. the senator from nevada is high on the list. whitmer, the governor of michigan, i hear is also on the list. but again, the vp vetting committee started meeting this week so that probably means it's not days away but maybe a week or two away where joe biden will name his running mate for the 2020 election against donald trump. as you know, he's committed to naming a woman. all the names i mentioned are women. back to you. neil: thank you very very much, my friend. i want to update you on a reuters item that's just flashing. i wanted to bring it to your attention. iran-linked hackers, according to reuters, have been targeting the drug maker gilead sciences. remember, gilead is in the lead effort with remdesivir, something that's proven very promising in the treatment of those with the coronavirus, and it dramatically slows the

progression of the disease. some have said it actually reverses it. but that iranian leaked hackers have been targeting it. we don't know to what degree or what they will find out, whether they are trying to steal more information or get more on their own. iran has had a high number of cases of its own, to say nothing of deaths. i believe fourth worldwide. we are following this very closely. more after this. now more than ever, you need technology you can rely on. and people you can rely on. i'm a dell technologies advisor. me too. me too. me too. and if you're a small business, we're with you. we are with you. we're with you. we want to help. so we'll be right here. at home. answering your calls. providing support. and standing by you every step of the way. bye bye.

neil: slowly but surely, americans will be getting back to work. let's just say it won't be the same work or the same old job. kristina partsinevelos has been looking into that. kristina: first, it was apple, then google, now global consulting firm price waterhouse cooper has launched an app to help stop the spread of covid-19 in the office using digital contact tracing. the app uses indoor geolocations to monitor the time and proximity of employees interaction at work. for now, the employees who have covid can opt into the app and i was told from pwc that if you turn off the app, they will be notified but it's not just about apps. you have thermal and a.i. cameras that are gaining in popularity in work environments. smart vid software can detect if you are not wearing a face mask

or if you are not social distancing with co-workers. the goal is to maintain a healthy work environment. >> it's not about being a gotcha. it's not about being police or surveillance state. it's about getting more data about what's happening around a whole bunch of things that we as people don't even -- wouldn't even think to look for. kristina: surveillance is necessary to stop the spread of covid-19 but at what expense to privacy? >> good things really stand out to me. one, how far does it go and two, when does it end. is there a point at which you are no longer being tracked. that's a real question people should ask themselves. kristina: with the high cost to implement the new protocols, it's unlikely companies will be removing the technology, so that could be creating a new era of surveillance. neil? neil: all right. thank you very, very much.

i wanted to bring our attention to the corner of wall and broad where we have the dow up about 285 points. they are weighing also this issue with the vice president that had an aide that contracted the virus today, after hearing an attache to the president of the united states has contacted the virus. some have been saying that maybe both men should quarantine themselves. that might be a bit severe. they themselves get daily tests for the coronavirus. but it did add a little bit of angst to the corner of wall and broad here. not saying that's the reason we're off our highs of close to 400 but it might be among the factors here. be that as it may, this is an unusual response despite the fact that we had some, you know, post-world war ii record unemployment numbers, job losses. the market seems to be thinking the worst of it. we shall see. after this.

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95%. their argument is here's why we're bouncing back, can't get any worse than that; right? that's their hope. jackie deangelis in for charles payne to get you through the next hour. >> good afternoon. watching stocks closely off the session highs but still moving strongly forward with good measure today. i'm in for charles payne. this is making money. 20 million plus jobs lost in april, a dismal number, the highest since the great depression, but better than analysts were actually expecting, and the markets are in the green once again. we've got some coverage of this, including what a jobs recovery could look like throughout this hour. now, president trump is also welcoming republican members of congress to the white house today, to map out their version of an economic recovery. we will have the latest from d.c. in a moment. and the crisis for america's