jack: jack howe, you've done a deep dive into retail.ow retail's just getting hammered, but there's some nuances within that group. can you explain that? >> yeah. i mean, the group is in a coma now, but i think investors want to think about how it will be reshaped after the virus is gone. that's what i wrote about in my column and in this my podcast this week. first of all, we had way too many stores in america before the virus, and we've written about this before. we have 4-5 times the square footage selling space per person in america as the u.k., germany, other peer nations. so we expected maybe ten years of accelerated store closings here even if consumer spending was strong. now you have you have to be aware that consumer spending won't be strong. and that's another point. every day that goes by on lockdown is a day where customers get more used to staying at home, shopping online and spending less. so we will get recovery. it might be a sharp recovery, but it might be a while before it takes us back to where we were before. and the

we are really ready this time. >> and, jack, jim hackett even said -- i found this interesting -- he talked about howd is exploring new material for vehicle interiors that can kill viruses on contact. jack: wow, that's interesting. and, you know, i do think on a consumer note we are going to see deals in used cars. i don't think that's taking advantage of the situation. anyone spending money will be good for the economy right now. >>> coming up, the fed taking extraordinary measures to keep the economy afloat, but are we helping the right people? former ♪ ♪ jack: the sba's paycheck protection program, or ppp, has run out of funds to help small businesses. how the federal reserve may be able to help, is that the right move? joining me now, former fdic chair sheila bair. i want to make sure viewers know your track record. way back in 1992 you warped against loosening rules -- a decade later, enron proved you right. and just a year ago you warned that during the next cats few, we have to focus -- catastrophe, we have to focus on main street rather than wall street. so so here we are. tell me --? >> here

how i see my life. because it's my vision... preservision. ♪ ♪ jackrnment is stepping up with massive interventions to try to support the economy until we are all back at work, but how will the pandemic affect the economy in the long run? joining me now, former imf chief economist ken rogoff, thank you for being here. how does this financial crisis stack up? >> i mean, it's really too soon to know, but i think if you look at the dive in global output, not necessarily one country's, but in global output, it's probably going to be as big as any on record. gdp only started being kept in the 1930s really, but going back to the great depression, how long it's going to last is really the big question. is this a pause for two or three months, is it going to be a pause that hits six out of the next eight months? we just don't know. so a lot depends on the pluck health response -- public health response, how we choose to respond and things about the virus we still don't understand. jack: so i would say there are basically three fronts on which we are fighting

we are really ready this time. >> and, jack, jim hackett even said -- i found this interesting -- he talked about howd is exploring new material for vehicle interiors that can kill viruses on contact. jack: wow, that's interesting. and, you know, i do think on a consumer note we are going to see deals in used cars. i don't think that's taking advantage of the situation. anyone spending money will be good for the economy right now. >>> coming up, the fed taking extraordinary measures to keep the economy afloat, but are we helping the right people? former when we first opened our doors, it didn't take us long to realize ... ...we weren't in the car business. at lexus, we were in the people business. we needed to be helpful . . . . . . respectful . . . and compassionate. to treat people like guests. it's what we all signed up for. and now when people need this most, we will do what we've always done. take care of people first. the rest will follow. the counin each home ins when wevery neighborhood.n elmo: do kids count? the count: we all count! especially kids and babies. all: make your family count! an

we are really ready this time. >> and, jack, jim hackett even said -- i found this interesting -- he talked about howd is exploring new material for vehicle interiors that can kill viruses on contact. jack: wow, that's interesting. and, you know, i do think on a consumer note we are going to see deals in used cars. i don't think that's taking advantage of the situation. anyone spending money will be good for the economy right now. >>> coming up, the fed taking extraordinary measures to keep the economy afloat, but are we helping the right people? former some companies still have hr stuck between employees and their data. entering data. changing data. more and more sensitive, personal data. and it doesn't just drag hr down. it drags the entire business down -- with inefficiency, errors and waste. it's ridiculous. so ridiculous. with paycom, employees enter and manage their own data in a single, easy to use software. visit paycom.com, and schedule your demo today. ♪ ♪ jack: the sba's paycheck protection program, or ppp, has run out of funds to help small businesses. how the federal reserve may be able

we are really ready this time. >> and, jack, jim hackett even said -- i found this interesting -- he talked about howd is exploring new material for vehicle interiors that can kill viruses on contact. jack: wow, that's interesting. and, you know, i do think on a consumer note we are going to see deals in used cars. i don't think that's taking advantage of the situation. anyone spending money will be good for the economy right now. >>> coming up, the fed taking extraordinary measures to keep the economy afloat, but are we helping the right people? former if your gums bleed when you brush you may have gingivitis. and the clock could be ticking towards bad breath, receding gums and possibly tooth loss. help turn back the clock on gingivitis with parodontax. leave bleeding gums behind. parodontax. leave bleeding gums behind. i have always wanted to be a teacher. i've been teaching for over 20 years. with everything going on, we've had to alter our classroom settings. we have to transition into virtual learning. on the network, we can have teachers face-to-face with a student in live-time. they can raise

we are really ready this time. >> and, jack, jim hackett even said -- i found this interesting -- he talked about howd is exploring new material for vehicle interiors that can kill viruses on contact. jack: wow, that's interesting. and, you know, i do think on a consumer note we are going to see deals in used cars. i don't think that's taking advantage of the situation. anyone spending money will be good for the economy right now. >>> coming up, the fed taking extraordinary measures to keep the economy afloat, but are we helping the right people? former fdic chair sheila bair weighs in. 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. it's a vo

ben leveson and jack howe. ben, i want to start with you.a glimmer of hope as we see maybe social distancing is actual working, the growth of coronavirus cases is slowing. we also, of course, had unprecedented moved by the -- moves by the federal reserve. so tell us what you see in the market. >> it's got everything that it could have wanted this week. it got the good news, the illness appears to be slowing and then the fed coming in with this massive package where it's going to buy high-yield bonds and muni bonds to make sure that the markets are functioning correctly. you couldn't ask for anything more. and it's just, it's just spurred the market back to this height that it's had. it's now up more than 20% from the bottom. jon jon which is extraordinary, but you don't necessarily see this continuing. we're not going to see a v straight back to 30,000 on the dow. >> it just usually doesn't happen that way. there's the too much that can go wrong. we can see the disease either pick up again or maybe even show up in the next six months or so.

how i see my life. because it's my vision... preservision. ♪ ♪ jackhe 2008-2009 bear market tell us about how stocks will perform in the coming weeks? day the that track research cofounder nicholas colas joins the round table. your daily newsletter is a must-read for me, and i appreciate that. one thing i've learned recently is that the current bear market has been tracking very closely to the 2008-2009 bear market. so first of all, given that the causes are so different, why would that be? and maybe more importantly, what does it tell us about what's coming up next week? >> so you're right, they have been tracking very close toly, and the stark points are the end of september in '08 versus march of 2020. the reason they track so similarly is because markets basically, when they see a crisis come along, are looking for a policy response from washington. the faster that policy response comes both in terms of fiscal and monetary policy, the more quickly they can heal and bin to see through to the other side. so crises are always going to be call and res

>> it's jack howe.'m looking at a can of spa get owes, i've bot some chef boyardee ravioli, and that's what i'm wondering, are people going after these legacy brands because they're trying to stock the garage with something that can stay on the shelf a little while right now? >> exactly. there's only so much fridge and freezer space, so a lot of people are going to these canned goods. so packaged food sale are up about 24% for the week epping april 4th. i mean, that's incredible. so there's still a lot of room for these companies even as the economy comes back online. i think a lot of shoppers still will be cooking at home. [inaudible conversations] >> just so you know, you can taste the boyardee region of italy in every bite. [laughter] jack: i'm going to tell my children the next time they complain about food, i grew up on that stuff, and i'm going to serve them a lot of chef boyardee. [laughter] coming up, if former kansas city fed on how the plunge in oil prices will impact the economy and should we

>> it's jack howe.'m looking at a can of spa get owes, i've bot some chef boyardee ravioli, and that's what i'm wondering, are people going after these legacy brands because they're trying to stock the garage with something that can stay on the shelf a little while right now? >> exactly. there's only so much fridge and freezer space, so a lot of people are going to these canned goods. so packaged food sale are up about 24% for the week epping april 4th. i mean, that's incredible. so there's still a lot of room for these companies even as the economy comes back online. i think a lot of shoppers still will be cooking at home. [inaudible conversations] >> just so you know, you can taste the boyardee region of italy in every bite. [laughter] jack: i'm going to tell my children the next time they complain about food, i grew up on that stuff, and i'm going to serve them a lot of chef boyardee. [laughter] coming up, if former kansas city fed on how the plunge in oil prices will impact the economy and should we

we are really ready this time. >> and, jack, jim hackett even said -- i found this interesting -- he talked about howvehicle interiors that can kill viruses on contact. jack: wow, that's interesting. and, you know, i do think on a consumer note we are going to see deals in used cars. i don't think that's taking advantage of the situation. anyone spending money will be good for the economy right now. >>> coming up, the fed taking extraordinary measures to keep the economy afloat, but are we helping the right people? former ♪ ♪ jack: the sba's paycheck protection program, or ppp, has run out of funds to help small businesses. how the federal reserve may be able to help, is that the right move? joining me now, former fdic chair sheila bair. i want to make sure viewers know your track record. way back in 1992 you warped against loosening rules -- a decade later, enron proved you right. and just a year ago you warned that during the next cats few, we have to focus -- catastrophe, we have to focus on main street rather than wall street. so so here we are. tell me --? >> here we are. i think they're trying.

we are really ready this time. >> and, jack, jim hackett even said -- i found this interesting -- he talked about howd is exploring new material for vehicle interiors that can kill viruses on contact. jack: wow, that's interesting. and, you know, i do think on a consumer note we are going to see deals in used cars. i don't think that's taking advantage of the situation. anyone spending money will be good for the economy right now. >>> coming up, the fed taking extraordinary measures to keep the economy afloat, but are we helping the right people? former you wouldn't accept an incomplete job from anyone else. why accept it from your allergy pills? flonase sensimist. nothing stronger. nothing gentler. nothing lasts longer. flonase sensimist. 24 hour non-drowsy allergy relief seeing the break in the clouds before anyone else. together, we'll weather this storm. ♪ ♪ jack: the sba's paycheck protection program, or ppp, has run out of funds to help small businesses. how the federal reserve may be able to help, is that the right move? joining me now, former fdic chair sheila bair. i want to make sure viewer

jack: jack howe, you've done a deep dive into retail.ng hammered, but there's some nuances within that group. can you explain that? >> yeah. i mean, the group is in a coma now, but i think investors want to think about how it will be reshaped after the virus is gone. that's what i wrote about in my column and in this my podcast this week. first of all, we had way too many stores in america before the virus, and we've written about this before. we have 4-5 times the square footage selling space per person in america as the u.k., germany, other peer nations. so we expected maybe ten years of accelerated store closings here even if consumer spending was strong. now you have you have to be aware that consumer spending won't be strong. and that's another point. every day that goes by on lockdown is a day where customers get more used to staying at home, shopping online and spending less. so we will get recovery. it might be a sharp recovery, but it might be a while before it takes us back to where we were before. and the last point i want to

jack: how you doing, marcus? i'm jack. lemonis: jack, how are you? nice to meet you. ly nice to meet you, as well. lemonis: hey! [ claps hands ] how you doing, buddy? so you really are in the shop. damion: i told you. lemonis: i didn't know you guys were out in the middle of nowhere. damion: this is four acres of almonds. -lemonis: an almond farm? -damion: yeah. it's not really a livable space. we have to drive a mile down the road to use the restroom every day. lemonis: in order to start a business, you got to have some basic things. you got to have money in the bank. you should probably have a business plan. you should probably have a bathroom. maybe i should add that to the three p's -- people, process, product, and how about we add potty? what machinery are you using? damion: we just have standard table saws, standard planers. we did it on a budget. this is the most basic tools you can buy. it's pretty difficult to work in here. it's hot, there's no air-conditioning, there's no ventilation, and the space, we're pretty limited. i mean, we had a big delivery of cedar

it kept going to jack, how are you doing, fine --, when can i leave aquarius -- how are you doing, fine, when can i leave aquarius? jack, when are you coming, earth is getting bigger. [laughter] it was accountable for some of our good, automatic guidance into aligning. when he finally got the alignment and all powered up, by that time the lunar module looked just like a packed garbage can. we had big bags full of debris we had accumulated in the six days, and i then went from the lunar module, closed the hatch, came down, and we jettisoned the lunar module and came in with the recovery, which i think you people saw better on tv that we felt in the spacecraft. >> when you were coming down that manual, and particularly when a super-critical helium tank burst, i understand when you were doing a non-propulsive remover, -- nonpropulsive maneuver, you were suddenly rocking in the right way. >> there were a lot of unfortunate incidents in 13 that would make an unlucky flight. at the time it happened, i thought it was the worst possible time. it was obviously not the worst possible time for thi

in exchange for his release, he detailed show sandra and tom orchestrated the plot to kill jack. howrried out the plan. now the case was in the jury's hands but still surprises in store. with the conclusion of "deadly conspiracy," here's keith morrison. >>> when the jury went into seclusion to deliberate, the jessee family thought justice was just hours away. but as the sun set on the courthouse, nothing. no word. same thing again next day. and the day after that. the problem? there was a holdout. >> it got very heated. >> yes. >> in the deliberation room. >> these members of the jury told us 11 voted for conviction. but there was one lone juror who felt some level of compassion for sandra. >> she related to the sandra jessee concern that jack jessee's illness would eat up their nest egg. >> i felt like she was enjoying the control she had. >> there was nothing. nothing we could do or say. >> people were getting so heated and there was so much anger that she started to shut down even more. >> and that scene played out for three and a half days until the judge said enough and declared

you mentioned how well everyone has been working from home, jack dorsey seems to be a big proponent of working from home become the new normal for twitter employees, or do you have a plan to bring employees back to the office? ned: we don't have a plan right now, but we have to take it as it comes and adapt to these new health regulations all around the world. we are going to prioritize the safety of our team, minimizing the spread of the virus and service continuity, and be thoughtful about how we open our offices, just as we were thoughtful about how we closed them in early march. this is definitely going to change how people work. i suspect not just a twitter but across the economy. with hoween thrilled resilient our team has been limits this adversity -- admits this adversity. cfo, neditter segal, thank you. amanda: thank you for that. from toronto and new york, this is bloomberg. ♪ ♪ these days staying connected is more important than ever. so we're working 24/7 to maintain a reliable network, to meet your growing internet needs. we're helping customers who are experiencing financ

know to a lot of poor people every also looks kind of really up about it it's like everybody knows how jacked up this police department is this is the police department that's known for planting or have making sure that their officers have like a toy gun on them oh right case they get you know yeah in case they get like there or making sure that they plant drugs on like suspects so like they already don't have a great relationship with any of their citizens there that's a. fool's joke as killing someone planting a toy to go and gun on them you've got another story yeah so our privacy isn't the only thing at risk of falling to covert 19 in the united states postal service is on the verge of collapse and 630000 people could lose their jobs because trump refuses to bail them out the postal service needs $75000000000.00 to stay alive but what's being talked about in this is that's because they were forced to pay their pensions like $75.00 yeah this is an advance yes so they're really they're like the only industry that's forced to do that basically because the larger republicans wanted to bankrup

jack. >> jimmy! >> jimmy: you look good. how are you doing? >> i'm doing well. yeah.rt on for you. i don't usually dress it doesn't feel right without a big "jimmy kimmel live" entrance. do you mind if i start over? do an entrance? >> jimmy: yeah, i'd be happy to do that. you do have the best entrances maybe of any guest ever. so what do you want me to do? >> do you have the band? can the band play some music for me if i enter? >> jimmy: yes. well, we'll get some music going for you. sure. all right. okay. all right. i guess i should introduce him again. our guest tonight is a talented actor and singer who's down the hall at his house. joining us from castle black, please welcome jack black! ♪ >> yeah! ♪ >> ah! ♪ ♪ yeah >> jimmy! >> jimmy: still the king. >> oh, sorry. >> jimmy: there's more? >> i got some wires crisscrossed. >> jimmy: i hope that was one of your sons. either that or there are random children wandering around your house. >> that was my boy tommy. getting in on the act. he was shooting off a nerf mega blaster. >> jimmy: jack, when i was a kid growing u