we'll be right back. maria: welcome back.rning positive here after report, he lasts night a tough quarter, profit taking a hit more than 1.4 billion dollars, as coronavirus pandemic takes a toll on theme parks film division alli the company said every business of is getting impacted over streaming business offered a glim glimmer of hope. >> exemplar what you are seeing any discretionary or requires travel a huge hit we looked to see next quarter down even more those areas, streaming, stay-at-home, taking a boost maybe borrowing forward from the future, you know is that what we're seeing now that is what we expect to see even more so next quarters. maria: we will see if they can turn this around, we are back in the drivers seat dagen mcdowell final thoughts a big show, with a lot of jam-packed news. dagen: to point this out yesterday, new york state increased the number of dead from covid-19, in nursing homes in the state by additional 1700 deaths, so nearly 5,000 people have died from covid-19 the state's nursing homes back o

they will come back.or an outfielder to run forward than backwards as the year progresses, we see the economic situation lightening up a bit, we will pull some of the capex we push into next year pull it back into this year. we decided to be aggressive in the environment to preserve cash >> right 80% of your sales are in europe and the u.s. one would expect that things are tough right now, both in residential and throughout your other businesses what are you seeing and how much transparency do you have in terms of what your business will look like a few months out >> we saw in the u.s. and europe as orders for the u.s. were down about 5%, and orders in europe were about 10% so the crisis really started in china. it hit china very, very hard china was very much a v-shape for us it came down aggressively, but recovered very aggressively. china orders were down 50%, 40% for the entire first quarter when you fast forward in china, we were back at 2019 levels getting back into april. a steep decline, a steep r

let's get back to work. tierney. let's get back to work. -- tyranny. let's get back to work now. we were talking about the april jobs report that showed the jobs lost in april and a jobless rate of 14.7%. we want to know how this is affecting you and your job, or the jobs of your loved ones. let's talk to georgia calling from denver, colorado. georgia, good morning. caller: good morning, how are you? host: just fine, go ahead. caller: so i wanted to comment, i am employed but i did start a off threewe were laid days into the training due to the coronavirus, which is really ifortunate because obviously always want to do something and help when i can. some of to comment on the comments from other colors. it is sad that we seem -- callers. it is said that we seem so racially divided. said sheous lady doesn't know she's going to get her job because democratic people or something like that and other black guys, stuff that they don't care about us. i think it is all based on where you live in the country. i live in a part of the country where we don't really have any racial issues, but

melissa back to you.ny city streets empty sparking a new boom to the surrounding suburbs and local economies jerry is joining us with the details on this. reporter: that is right, homebuyer interest is spiking in suburban rural areas outside of the big metros but most of the money being put down right now is for rentals in these areas as families look for alternatives to city dwelling over the summ summer. >> are short-term rental market has nearly doubled year over year end i think this is very similar to 9/11 where it was very fear driven and panic in the time of year with the kids been out of school, knowing that the summer was coming, a lot of people decided let's get out of dodge and go to a short-term rental of 3 - 6 months and settle into the summer and they want is amenities. reporter: fast money has homeowners moving into relatives to put their homes into the rental market. >> right now they are packed, as if you're in the middle of the summer, it is boom season in the hamptons, houses that used

they've been hired back.rocery stores some other areas, technology we have some of that here in houston. that has picked up a little bit. i can't say there has been any one area that has been strong. it is just pockets >> keith, listen, that town is about as tough as the tyler rose i know houston and texas will make a come back i'm not sure the texans will win until they change their name back to the oilers thank you for joining mess from houston. >>> our daily dose of good news. restaurants are still struggling in some places but there are signs of life coming back. we'll show you some economic green chutes with restaurants. dow futures are up 150 we are back right after this >>> welcome back time for economic good news. green chutes, hopium, whatever you want to call it. here is today's however small it may be restaurant data courtesy of opentable and focusing on a few of the reopened states look at this reservations changes from last year these five states are way down off 50%, 60%, nearly 70% from last ye

activity is coming back. i will go back to the china model. i think this is super important. look at china which has largely reopened its economy the supply side has rebounded. there are pockets of demand that are remaining relatively weak particularly around consumption. you might get some high end consumption and some low end more staples or consistent consumptions but the discretionary spend hasn't really rebounded yet that's going to be the key thing to watch >> i'll tell you what, josh. you don't have some of the more bullish people on wall street backing off their targets. 3400, tom lee, you could hit this year. barry banister, 3200 david costen has not been the most bullish throughout this thing. he'ssticking with 3,000 by the tend of the year you may get some push and pull here and there and there's bryan belsky who is like i understand that pe multiples have expanded recently because of the moves that we have seen in the market. he says don't fret it. he says the s&p may not be as overvalued as some investors may think. >> one of the smartest people i talked to, he's

welcome back.. thanks so much for joining us. i'm maria bartiromo. it is tuesday, may 5. hillary 5.getting america back , california is allowing some retailers to start opening this week as it turns to the federal government for help paying unemployment benefits. but a new report warning as restrictions ease, the death toll could surge. controversy continues to grow over the origins of the coronavirus. china and the world health organization are now pushing back on the claims it did come from the lab in wuhan. markets this morning are rallying, futures indicating a triple digit gain out of the gate, the dow up 254 points, better than 1%, the s&p up 29, also better than 1%, and the nasdaq also higher by 97. better than 1%. markets erasing early losses yesterday as more states announce reopening plans. the best performer as you can see was the nasdaq, up 105 points, one and a quarter percent higher at 4:00 on wall street yesterday. earnings season rolling out, dupont out with a double beat on earning

we are back.aria: welcome back, narrow vote to go pas package, 14 democrats voted no while one gop congressman voted in favor of it. the bill heads to the senate where it's expected to be voted down. on sunday morning futures i spoke with louisiana senator john kennedy about the bill which he says is as dead as fried chicken. tell me about the 3 trillion-dollar bill, your colleagues in the house have passed it, why do you say it's dead as fried chicken? >> it's $3 trillion for one thing. every penny which we have to borrow. that's $0 billion. [laughter] maria: that's far up our rear ends and america would agree. maria: joining me right now the washington examiner's editorial director hugo gordon, good to have you this morning, thanks for being here. colorful way of saying things, increasingly little by little deficits are becoming major issues and people are recognizing that the numbers cannot keep going up and you have to actually face the debt and not have over -- all the spending, what is your

for the win win. ♪ >>> i'm ready to go back. i need to go back. i need money. do it in a safe environment. >> so many people i know haven't received a check. it's been five, six weeks now with no income coming in. >> how are you doing? are you all right? >> right now atlantic city should be gheeriearing up for t summer season. 25,000 casino employees are out of work, struggling to stay afloat. joining me now, the mayor of atlantic city, marty small. mayor, you have done a lot to keep people here, your bode walks and beaches are open, but all people can do is get exercise. business can't get done. if this boardwalk doesn't open this summer, what is the fate of this town? >> thank you for having me and it's a great day here in the city of atlantic city. as you know, this is a worldwide pandemic, atlantic city is not the issue. we're dealing with something that we've never dealt with before and that includes the closure of businesses. we were a vibrant economy. we depend on the as soon casino tourism. right now it's not safe to do so. it's important that we do the

we accept that this is an important step, we need to get back to normal and going back to get back to just finish that sentence before i bring in christina. when you said throwaway soft toys and all of that, we need to bring children into an environment where they feel safe and happy, not something utterly alien to them from everything they knew when we went into lockdown. let me bring in christina. hello, christina, thank you very much for talking to us. you work in one of copenhagen's city schools, 700 pupils who went back three weeks ago, what are you doing to make it safe for the young peoples and the staff? we had divided the schoolyard into zones where the children play with their playgroups and created of five children. we also wash hands every second hour. we have taken away all the toys and bought some new toys for each group to play with, balls and stuff like that. yeah. and we have only 15 students in each class. some of the classes are only seven, the youngest are only seven or six students in one class. is that all working? do you feel pupils and staff are able to remain

i think that we have to get back to work. we have to get our country back. we have to take it back.t was artificially closed. i think we're doing incredibly well considering the fact that we had the greatest economy, maria, in history. you report it every morning. the greatest that anyone's ever seen. best job numbers, best stock market numbers, best everything. we had the best everything. and in addition, to the military being strong, all of the things and just one day, boom, we had to close it. we did the right thing and now we've got to get back. we've got to bring our country back, and it's going to happen, and it's going to happen fast. i call it a transition to greatness. you're going to have to third quarter. people are starting to get into that right now, but it's going to be a transition. that's a transition quarter. we're going to do well in the fourth quarter. i think next year with all of the still -- stimulus, we're going to have one of the best economic years we've ever had. maria: dr. a few is saying a different thing, he's worried about -- dr. fauci. he's worried abo

m&a welcome back. maria: joe biden back under the microscope.is cabling for an investigation -- calling for an investigation. the senate homeland committee approved a subpoena power over a consulting firm linked to burisma holdings. what will the political impact of this investigation look like? kristin: i think it's not likely to be a huge political impact. you could just look back at january, back when impeachment was wall to wall, networks were suspending coverage and just focusing on this issue. and you saw donald trump's numbers go up a little bit. but overall, wound up not moving things. with this story coming back up again in the context of a global pandemic, i don't expect it to move many of the voters who are the swing voters in the middle who really matter. maria: yeah. that's true. dagen, how do you see it? dagen: it's an -- if an investigation is needed then an investigation should be done and if the senate sees the need to look into hunter biden's work in the ukraine or in ukraine if zelensky calls for that, it should be done. krist

just wanted to say, i think we need to get back to life. please get back to work, school, this is all going to go with federal workers in the top down. my dad always told me you shouldn't write a check to can't cash so it's all going to run out and another time. another caller just said it it's all stuff being passed down from her hundreds of years of hard work. >> host: won't yourk like art guest to address and specifically?? >> caller: i just think we need all work together, we need to get this ppe under control. we have families of all color all creed that are dealing with this throughout the entire nation. if stores that have already shut down that are not coming back. sue went okay that's donna washington state the caller said it's gotta start with the federal government getting back to work. is that a likelihood the federal government will be back to full swing? >> caller: it's a really interesting point because there is that feeling out there that the federal government will set the tone here. obviously, i have talked to many employe

back take a look the u.s. equity futures. dow will open about eight points higher nasdaq looking to open about 98 points higher. >> becky, over to you. >>> thank you. hbo max launching today. the streaming service will be facing tough competition from the likes of netflix, disney plus and peacock at&t is betting big on direct to consumer play. joining us now craig moffett we'll be talking to john stanke yer y later this morning >> remember that at&t's strategy here is to become a fully vertical creator hereof what it creates and the physical network. the challenge for john as he's been an architect putting the pieces together. while you try to transform the business to sort of a next generation business. you are increasingly obsoleting the core businesses that generate the cash flow today direct tv was originally conceived as some sort of transitioning. that sort of wrecks the directv business now you've got the hbo plus. the legacy business is there for compromised by people leaving or cutting and advertisers

get back, get back, you're hit, he's hit. step back. watch it, guys. we got gas here. all right, back up, back up, back up. they're now moving toward us. they're now moving toward us. yeah, they're shooting, guys. put your helmets on. miguel, stay with me. we got gas. >> highly dramatic situation as you can see and tensions have flared in other cities from pennsylvania and pittsburgh and columbia and freeways were blocked, windows shattered and authorities deployed tear gas and even rubber bullets. nine states, georgia, kentucky, wisconsin, colorado, ohio, utah, washington, texas and tennessee are all joining minnesota in calling their national guard forces to respond to those protests. george floyd's brother told reverend al sharpton earlier tonight he spoke with both president and former vice president joe biden. this is what he said he told joe biden. >> i asked could he please, please get justice for my brother, please because i need it, i need to. i do newt want to see him on a shirt just like the other guys. nobody deserves that. black folks don't deserve that. w

back to kim. we heard bill talking about how the market might be set up favoring value after the growth, couple what would your response be and why are you sticking with names like microsoft up 17% year to date >> sure. it's a simple sentence, right? success begets success investors are always trying to invest in a company that's going to grow and a lot of the companies that are in the value sector, that screen as a value, are really not in a shape to grow just say banking you know if a 20-year bond is yielding 1.6, that net interest mar general doesn't look really good to somebody who's making money off of that. you know because it's hard to do. so i think a lot of the industries that have been found in value stocks just really have some fundamental issues with growth and investors want their money to grow and so they put them in stocks where they see growth has been and where there's a runway for them to grow and i think that really is a simple answer. >> sure. you also like micron, coca-cola an

still is not doing enough. >> all roads back to work and back to school run through testing. what our country has done so far on testing is impressive but not nearly enough. >> we need dramatically more testing. it's unacceptable we still don't have a national strategic plan to make sure testing is free, fast and everywhere. >> the warnings we heard today from health expert, daems and the republican chairman of the committee stand in stark contrast to liberate states in his claim the u.s. has prevailed on testing. the bottom line is the president's rhetoric has distorted and clouded what faces this country. here is the reality as dr. fauci's testimony made clear. we're starting to reopen before the virus has been fully contained. >> i just like to hear your honest opinion. do we have the coronavirus contained? >> senator, thanks for the question. right now it depends on what you mean by coin tanment. if you think we have it fully under control, we don't. in other parts of the country we are seeing spikes. >> to be sure we are in a much better place in terms of hospital capaci

get back, get back, he's hit. step back. step back. i got it, whoa, watch it guys. got gas here. all right. back up, back up, back up. they are now moving toward us. moving toward us. there was -- >> shooting at us. >> reporter: they're shooting. put your helmets on, miguel, stay with me. we got gassed. >> highly dramatic situation as you can see. tensions are flared in other cities, philadelphia to pittsburgh to columbia, south carolina, new york city. windows shattered, and authorities deployed tear gas and rubber bullets. nine states are all joining minneapolis in calling their national guard forces to respond to those protests. george floyd's brother told reverend al sharpton he spoke with president trump and former vice president joe biden. this is what he said he told joe biden. >> i asked him, could he please, please get justice for my brother. i don't need it. don't want to see him on a shirt like other guys. nobody deserve that. black folk don't deserve that. we're all dying, we're all dying. black lives matter. >> ali velshi, on the ground as he has been for days. you a

welcome back to "mad money." >> hey, jim, it's great to be back >> all right, steve.t found out that boeing is restarting the 737-max building in renton, washington. would they do that if they didn't think there was maybe good news coming from the faa or the airlines >> yeah, they're working very closely with the faa, the airlines and the regulators. they restarted production today. i was in seattle yesterday with boeing management. they're making progress on certification activities, working very closely with the regulators and our hope is by the end of the third quarter or early part of the fourth quarter, the airplane will get certified in the u.s. and then hopefully shortly thereafter in the foreign jurisdictions. and the goal is to get some airplanes delivered before the end of the year. >> i think one of the reasons it's a good day on wall street, people got a little too negative i was reading your financials the other day and it's pretty clear that it's not like every airline is going bankrupt or going out of business. >> that's true i mean, jim, in the last 20

to be back here two months later, with lots of our team who have been furloughed back on duty again,ir home offices around the country to put out a newspaper again was absolutely wonderful. we are delighted to be back and we are delighted that racing is back with their meeting at newcastle tomorrow, and from there, it quickly wraps up we have the guineas meeting on the weekend and royal ascot in a couple of weeks time, all taking place behind closed doors with social distancing. not quite as it once was, but it is good to have it back. rob, we often talk in more normal times about the threats to newspapers, thing seeing a newspaper now being printed for the first time after two months by a fellow journalist, that must be a nice moment to see and start off with sport again. i think it is fantastic. any congratulations for getting it going again. i hope they have glorious success. i hope racing ta kes have glorious success. i hope racing takes up again very quickly. it will be interesting to see how different it will be without the crowds, interesting to hear from tom again to find out

we are back after this 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. >>> welcome back after seeing positive results around its remdesivir drug, new comments from gilead about getting the drug out to as many people as fast as possible getting to those top headlines with frank holland >> gilead said it will work with international partners to produce remdesivir next year they expect to produce 140,000 rounds of the 10-day treatment by the end of may and anticipate it can make a million by the end of the year. amgen plans to test its drug otezla as well >> boeing raised $25 billion the number that says it w

back to school it frees up parents to go back to work. in doing it if pa rents a re there is no point in doing it if parents are not going to send their kids to school. we have got to handle this very carefully. and in that same article in the telegraph, the university of dundee is quoted and they are warning thatjust10% of pre—lockdown contact could risk a second peak. so you don't want to go back and then find that actually you have made things worse because then the lot and will be much greater. i mean at the moment it does not appear that children seem to be particularly susceptible to the virus itself but they are infection spreaders. they are little germ wa rfa re spreaders. they are little germ warfare on two legs. we all know that. let's go to the sunday express now and the pm plans to get britain working. markings for distancing and face covers and they have a number of proposals. i should say that when i read through all the proposals, they are exactly what this organisation has done behind me here. we have got one—way systems,

back to. because in the end, i can't sacrifice the whole business of 16 girls if i can't afford to bring back that one girl but i just feel bad, so that guilt lies heavy. >> reporter: margaret talked about deciding between laying off a single mom with five kids or a college student who's supporting herself. so here it's really not much about the lost revenue but making sure they're building back the community where everyone has seen so much hurt over the past two months. other business owners telling me it's going to take many, many months if not a full year to work back out of the hole that has been dug because of the coronavirus. joshua? >> thank you, maura. that's nbc's maura barrett in state college, pennsylvania, the home of penn state where a virtual commencement is under way. >>> now let's head to washington state. at yet another protest against safety restrictions, demonstrations ramped up at the capitol building against governor jay inslee's state v stay-at-home order. that order bans

maria: welcome back. friday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is jobs day, friday, may 8th. your top stories, 7:00 a.m. on the east comment. this morning we get a closer look the impact the coronavirus is having on jobs in america. economists are expecting an historic loss of 22 million jobs in the month of april. they're expecting the unemployment rate to skyrocket to 16%, haven't seen those numbers in a long time. the coronavirus shutdown is hurting businesses across america. our special coverage begins at 8:00 a.m. eastern this morning, all hands on deck. ahead of the numbers, futures are pointing to a higher opening, on pace for a winning week, another opportunity for reopenings across the country. dow industrials up 2345, s&p up -- dow industrials up 245 points. pretty good day yesterday with the nasdaq turning positive for the year, dow industrials up 211 points yesterday at 4:00 on wall street. on the trade front top u.s. and china negotiators holding a call

know if we need to m co-back so -- come back sooner. we haven't identified what that fire is and what's burning. we do not know. we are joined now by senator tina smith. she is the junior senator from minnesota. democrat, senator smith, i know this is a painful night to see flames in minneapolis and these protests. what is your reaction to what you're seeing in minneapolis tonight? >> well, this is just a couple of miles from where i live, so this is so shattering to me. this is a city that i love. i understand. i've had so many conversations with people in the community. i understand their grief and their anger and their frustration, and i also, as i look at these images, i'm reminded that this is the home and these are the businesses of so many minnesotans. this part of minneapolis is growing. it's vibrant, it's incredibly diverse. there are hundreds of small businesses, many of them owned by people of color. in fact, earlier today, i was over in the community and i saw literally hundreds of people on the sidewalks sweeping up the sha

that's two million more than back in october.slack announced 12 million monthly active users more than 20 many peel use the free facebook groups for people to connect to co-workers on the regular facebook platform. all of this speaks to the company and the growing commitment to offer tools for workplace communications as facebook itself shifts to have its employees work more from home projecting that half of facebook's work force will be permanently remote in ten years. >> thank you julia there. workplace is growth shows facebook already positioned to cater to society's post-pandemic needs. working from home, shopping from home, operating a business from home just to name a few. john, explain what factors went into that. >> it's largely about improving business trends across the country even during these really challenging times. the product announcement this week, shops is one of the most interesting efforts the company has in local commerce through the last few years of launching a number of products i think bringing local bric

at the beginning ofjuly, there isn't a seasonal business in any resort that can survive two winters back—to—back just need to get through this, and if we get the help that we need to do that, i think it will thrive afterwards. nearly half of people who work in cleveleys are employed in businesses which have closed during lockdown. that in itself is a cause for worry here. but there is defiance too — a refusal to let the coronavirus crisis define or even destroy the future of this town. in fact, if you go for a wander down the high street here, it's so busy you can hardly tell there's a lockdown on. the only clue is the long supermarket queue. other shops remain shut, like this travel agent's. but its owner is confident that cleveleys will bounce back because shopping locally is important here. people want to get back out and try and get some sense of normality. we've actually had customers requesting that we keep their holiday on hold until they can come and see us. obviously, with the age range of the local population, they may struggle to get to other towns, so we're going to where our custome

i was happy to go back to work today. and i wish they did that way, way before. >> reporter: local law enforcement telling me they've heard so many complaints from both sides. much like what we're hearing from the rest of the country. some folks saying please open up the plant, allow it to be open. others saying they feel like their health is being jeopardized here. but one man had that middle ground, saying i need this job desperately, even though i'm concerned about my health. >> let me work, but keep me safe. matt, thank you. >>> overseas, we continue to watch as other countries reopening before we do. now, fears of a second wave. wuhan, china, racing to test 11 million people after seeing new cases. south korea racing to contain the possible outbreak connected to one man. there is also news involving a close aide to vladimir putin. here's ian pannell now. >> reporter: tonight, a new outbreak in wuhan, china, where the pandemic first erupted. the city apparently clear of any cases for days. but now a new cluster and a

sports back. >> we're getting sports back. it will be back with a force. we will start with small crowds, if any >> reporter: in baseball, nbc news confirmed a draft proposal for coronavirus rules. the mlb would test all coach, players, and umpires and enforc social distancing in the dugout forget about sunflower seeds and tobacco. spitting would be strictly prohibited. the nfl not far behind commissioner roger goodell announcing practice facilities will reopen tuesday as long as state and local governments allow it back in darlington, the familiar sounds, a small victory for those who depend on it >> i know this is still far from normal, but does the race give you at least a little hope >> yes it does. it makes me feel like if we can all look at life a little differently maybe and not take for granted what was our normal before and maybe take time to enjoy the moments more >> and morgan joins us now from darlington speedway morgan, how are these new rules being enforced >> reporter: yeah, kate, nascar making it very clear these are more than mere recommen

the direct translation is, "when the light returns, it's back." the light is back.enticeships and junior positions being cut, and no savings to fall back on, many young adults are under considerable financial strain at the moment. newsbeat reporter kirsty grant has more. gemma is 16. she was a year into her hairdressing apprenticeship when she was let go, just before the lockdown. i was quite far through it. i was starting to cut hair and learn about colour theory. then i was shampooing a client and i got called upstairs and i was told that i had to leave. it sounds so dramatic, but i felt literally heartbroken. because it was so perfect for me. like, i struggled at school, so i left school and i had this apprenticeship and it was like, this is amazing, i am finally getting to learn. gemma has the support of her family, but she is worried about finding a new salon to complete her apprenticeship, whenever that might be. according to the association of employment and learning providers, 60% of employers have stopped recruiting apprentices entirely. i don't know what t

not just building back. building back better. same attitude we had here on long island after hurricane hurricane sandy devastated long island. i said i don't want to just replace what was. we went through too much pain. we learned too much just to replace what was. let's build back better. a new power grid. new, more resilient homes, new more resilient roads. so when mother nature comes back, she'll back with a fury, we're in a better position because we learned from hurricane sandy. let's do the same thing here. do we think this is the last time we're going to have a public health emergency? does anyone really believe this is the last time? like superstorm hurricane sandy, it's a once in 500 year flood. yeah, sure. once in 500 years. it happens three times a year now. there are new rules. i believe there's going to be another public health emergency. different virus. this virus. some other public health emergency. learn from this, build back better. we asked eric schmidt, who is a former ceo executive chair of google who is good

back to work? is there rationale coming to a lot of people? do you want -- >> [inaudible]. tremendous problem. perhaps worst move the federal government has made. so what you have is the federal, sort of bonus for people unemployed at $600 a month. that is on top of whatever unememployment benefits they get in their state. for a lot of people, that is a lot more than working. we had an article by a guy from portland who runs a business basically supplies chefs and restaurants with workers and he pointed out in their state, for a low-lying cook or something, they would normally earn 600 something a month. with these benefits they're getting 1000. you can't expect people to take a pay cut to go back to work. i think what you're, you put your finger on such an important problem because even if a lockdown is lifted, and they say they can go back to work, people find it better not to work, if that doesn't change, i think until end of july, we're going to postpone a recovery. it was such a boneheaded rul

bye bye. ♪ ♪ maria: welcome back. federal reserve in focus this week, the central bank announcing that it is expanding the scope of the $600 billion main treat lending program. larger businesses are now going to be allowed to participate and minimum loan amounts also be scaled back. the central bank pledged to keep rates near zero. robert cab land is the president -- kaplan is the president of the dallas federal reserve and a voting member of the fomc this year. thanks so much for being here. >> good to see you, maria. maria: you've talked about this program being a bridge, a lending bridge. tell us about it and what has been the result so far. >> so we've gone out as the fed for comments, we've gotten at least a couple of thousand comments. and as you mentioned in your introduction, we've lowered the minimum loan size. we've also increased the ability for somewhat larger businesses to get this, 15,000 employees or less are, $5 billion revenues or less. having said all that, it's a loan program. it's not a stimulus, i

back to you. it does look fresher for all. the south and the east held on to the sunniest weather but for most it felt a little fresher during the day. on thursday, this huge swell of cloud will be responsible for the transition in the rain. as that comes in, it is quite deep for this time of year, it will bring some unseasonably windy weather, gales are being warned about already for parts of northern ireland and scotland, the met office warning in force here. in—hand orang —— it hangs around for much of the weekend. parts of northern ireland and the west of scotland could see high rainfall totals, in some of the highlands, we could have a months worth of rainfall over the coming few days. north wales northwards, 50 miles an hour gust. very mild to start friday, claudia with some rain, it may... at the showers rattling with sunshine in between but the showers will be frequent and heavy and even thundery. you can see the strong and gusty winds affecting all areas. despite temperatures of around ab

if they come to me comes back of course we will not have strict revenues as soon as it comes back but we'll have to see and face how people will get it back and how we educate people more what about that beach. we talking also about the source of these tents and everything for me it's something really complicated in terms of support in terms of collective support because when you talk about collective sport talk about contacts it can be basketball it can be football but it's quite difficult to apply it on the part of the stadium i really do not know how it's going to is going to be is going to look like but it's something it's something possible but we will be we will love how or we will lose a little bit of the food that we've had before of course it will take time maybe for people to understand to get back exactly the tool to how it was before but i think things will be moving step by step this is what i think. it's going to be perceptive gate in africa people here will. we're feces maybe the way i'm explaining it meaning that you can take them for people going back to the beach ok

diet so the come back to the hospital if you meet like this too late it. when the government and the oh health care system really failed the american citizens. let's turn attention on the program to the u.k. where the government's plans to get some children back into the classroom is facing further resistance more than 1500 primary schools in england say they are against throwing open their doors from next month another force the authorities to threaten sanctions breaking all the time for a hearty shania edwards dash to. as schools across europe begin to open their gates the united kingdom doesn't want to fall behind in class in a bid to get britain moving again boris johnson the prime minister want to try and get all primary school kids back in the classroom in less than 2 weeks time while the virus is still out there though boris johnson and number 10 maintains it's safe enough to get kids back on track for the best way of protecting children the best way of giving them the best opportunities in life is actually to have been coming back into school for s

please come back great having you on. come back and update us.i give you and drew's address and you live in connecticut can you send him some shirts you make men's shirts? >> we'll work on that. >> can you do that not the return ones. anyway, thanks manny we appreciate it i'll be in touch thanks becky. working for your, andrew, always always >> i got a lot of shirts >> that one looks very familiar. that one is getting some wear, i think. you really got 20 of those >> i literally got i think about 18 shirts all in different shades of blue >> you've been there for about 40 days so i don't know what you're doing maybe you're recycling them. >> i wash them, i iron them. >> you wash and iron? >> i go. >> i have great cleaners all right. becky. >> thanks, guys. still to come on "squawk box," scott kirby takes over today as ceo of united. we'll talk about his plan to keep business travellers flying. that's ahead of our interview with the ceo then the ceo of coca-cola james quincey gives us an update on business and what he's seeing in the global economy

and i think this'll bing morale back to the city -- bring morale back to the city, bring liveliness backof normal life again. >> reporter: melissa, back to you. melissa: yeah. i would go have dinner in the middle of an empty parking lot. anything. hillary, thank you. that does it for us. "lou dobbs tonight" -- ♪ ♪ lou: good evening, everybody. we begin with breaking news from capitol hill. the senate has not only voted in favor of sending the fisa renewal bill back to the house, but by an overwhelming 80-16 vote. the bill renews some provisions of fisa through the end of 2023 but will go back with one change, a change proproposed by senators mike leahy -- mike lee, rather, and patrick leahy. a change that requires fisa court judges appoint a neutral third party observer in any case involving a, quote, sensitive investigative matter. but don't you

great to have you back on. podcast coming on monday, you have a goldstar mom. >> thank you probably be on. were really excited about this. monday we will talk to karen vaughn who is a goldstar mother herself but an amazing proud american who has done nothing but advocate and be a strong voice for goldstar families in a navy seal, her son died on extortion 17. coincidentally enough on august 6, 2011, 1 year after my own aligns day, i got to know her and this is a fantastic thing she is doing. liz: president trump made remarks today at the white house to the ruling to remember bikers. you're an active member in the veteran biker committee, can you talk to us about that? >> i had the opportunity to do a ride across the country with a group of veterans and celebrities and raise awareness and money for various organizations, over the years i worked for the cast of sons of f anarchy", robert patrick was there today, the biker community was founded for them coming home from vietnam and they've never forgotten that. wh

you can go back to 1,400 back in 2010 when oil coming off that peak and probably the problem. that's how we got to 13 million barrels a day. you wonder what's going on looking at the multi-month contracts, we are pretty much -- i'll get fancy for you i'm going to say something i thought i'd never say on tv. back ward ation. >> not that fancy. >> the ftc is not involved that's the opposite of contango. prices today in the future went lower than the current price that's really bad news if you paid a couple million dollars to store your oil offshore. demand has been up people are driving up. production down 17 million barrels a day according to opec and why prices firmed up. >> no backwardation from brian sullivan. >> a quick thing i heard your comment with dom. best hot sauce in america, no affiliation to it, secret aardvark they're amazing. >> we'll collect the tips all show thank you very much. >>> coming up, a quick break first talk about mastercard when we come back they say moving into the normalization use of credit card use is the time to buy the sector. >>> plus 23 and m

everybody else back?ike we didn't have a timetable when we shut down march 23rd and it was not clear, it was going to be based on conditions, that's how it is now. we started small with 25% of the trading floor, heavily skewed towards the small to mid size firms. we'll see how this plays out reopening is certainly not going back to normal that's not the point >> there's been some complicated legal and medical issues involved in the reopening. i guess all companies will face this the nyse not alone on this we had a lot of questions about this indemnification agreement that you're requiring people to sigh promising to indemnify the nyse against lawsuits. some firms are balking at signing them can you explain to us why an indemnification agreement was required >> the most important part about that waiver is acknowledging that they're going to commit to following our protections. keeping in mind the traders on the floor are not employees of the new york stock exchange. we don't have the ability to tell them t

maria: welcome back.tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, may 12th. your top stories right now. the road to recovery as more businesses reopen, some economists are predicting a large decline and then a slow recovery, like a nike swoosh, we're talking a long recovery before getting back to normal. house democrats are looking to give money to the states as well as putting $2,000 into americans' pockets. some are raising concern over growing debt. tensions between the united states and china continue to grow. president trump says he is not interested in renegotiating phase one of the trade deal. the president has ordered federal retirement money to be pulled out of chinese equities from the thrift fund. turning to markets this morning, futures are indicating a mixed opening for the broader averages. dow industrials now firmly in positive territory, up 54 points, the s&p is up 4 and a quarter, the nasdaq higher by 15. this after the nasdaq and s&p 500 c

now it's time to bring those jobs back for two reasons. first of all, we have to have a supply chain that's reliable and for military purposes we have to have it. as i said, we can't cross oceans to get vital parts we have to be able to get it here by truck. that's the issue that i think that we will have learned from this made in the usa will mean something again. i voted from everybody from goldwater to clinton i pick a guy, not a party. i rest of the country was like that i do believe that some of the policies that are been put in place by this administration -- forget about whether it's republican or right wing that's why we're having trouble getting face masks that's what's going to change out of this. you're between automation and everything if we have to export a little labor, let's make it in mexico let's make it in guatemala where the truck can come right up the road to us >> you'll be voting for president trump for his re-election? >> right now, yes, for sure. i am as i said, i voted both sides of the aisle. i don't see anything

i just want to thank you all for coming back because you came back. 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 h

by something explain yeah i mean it's backed by the cost of the computer so back when i started mining the theory i'm in bitcoin we're building g p u's buying a 6 miners those miners back in s. 9 would cost you about $2800.00 box back in 2016 and you know you'd have to put together thousands of these computers to to put together in a network get on a mining coal and you start taking 2800 times a 1000 you can do the math. there's your hardware contribution then each of these computers takes about $1250.00 watts of power times a 1000 now you're buying nearly half a mega water a megawatt of power to run these things that cost money you get power bills at your home so take that power bill multiply it by a 1000 and it's a real op ex and cap ex cost that would fit in that business people are investing in the bitcoin network it is backed by real money real investments real power and that's why this thing is not like our feet dead money that we're dealing with today so in the gold mining business as i dig deeper and deeper and deeper my costs go up so the value of that scarce resource which i

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what is it going to take to get that back?t sound like this is going to be a snap-back situation in terms of the fourth quarter. this is going to be a slow and gradual comeback because consumers have to also be ready to go out in crowded stores, restaurants, etc. so when do you think the consumer comes back? >> yeah. so it is, as you and i have talked before, as we headed into this period, we had a solid economy. but it was powered, as you said, by the consumer. fixed investment was sluggish, manufacturing had been sluggish, but the consumer's 70% of the economy. now we've got to find ways to stimulate the consumer. in the short return run, we need -- in the short run, we need to make sure those who are unemployed, which is a substantial amount, we have to sustain them through this period. and then we're going to have to grow -- small businesses are going to have to get back to hiring, businesses generally are going to have to get back to hiring. we want to minimize job losses, and we're going to need stimulus to make sure tho

can go from survive these historic sent back until the job only what it takes to beat. special coverage on al-jazeera. as coronavirus by its millions of people worldwide lose their jobs long founds are leading to layoffs what's the social and political fallout how will the job market ever recover this is inside story. hello welcome to the show i'm sam he's a dan hundreds of millions of people around the world have lost their jobs as a result of the pandemic but the un's labor agency is warning the global outlook could be much worse as current figures exclude workers in the so-called informal economy well that includes migrants and shift laborers in the developing world to freelance and service industry staff taking unprotected jobs in wealthier economies the international labor organization says 1600000000 of them could suffer massive damage to their livelihoods this means half of the global workforce i'm not sure if jobs will reappear once the crisis is over i have not had any in kong since. they all marched and i'm just like trying to survive we don't have an income w

what is the plan by which we bring people back safely, bring employees back safely, bring customers back? i will say i've been very surprised. the initial reopening data that we have, the high frequency data, doesn't show a whole lot of people coming back. there's maybe a problem between governments and governors opening up their states and the willingness of customers and businesses to reopen >> thanks, steve we'll see you coming up in a few minutes. andrew >> hey, thanks, becky. >>> meantime, as economic data deteriorates, we'll see the numbers today, the stock market is off of the lows the march numbers are here the disconnect, what's happening with the reopening of america and what might be forever changed is peter orszack he is ceo of lazard. great to see you this morning. thanks for joining us. you wrote a piece about a week ago about the idea of business being forever changed by this and even a discussion about capitalism to some degree being changed by this. and i was hoping you could explain what you meant by that. >> well, as you know, there's been a debate that's been building

they may go back later. we understand one big wall street firm, goldman sachs, was there, but these others as of now, ubs, you can throw in the mix, too, were not back. back to you. liz: interesting. again, on the mlb breaking news, everybody stay tuned. charlie's going to be working that story as well. thank you, charlie. >>> we've got the closing bell ringing in nine minutes right now. little bit of pull-back here, retracement but we are up about 545 points still for the dow jones industrials. coming up, today's "countdown" closer has his covid-19 triple crown picks that he says will lead your portfolio right into the winner's circle. that's straight ahead on "the claman countdown." . . this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. ♪. liz: okay. we've got about five minutes left to go before the closing bell. i want to point out a couple of