call madmoney@cnbc.com or give us a call madmoney@cnbc.com or give us a call onth for 36 months and we'll make your first months payment. experience amazing at your lexus dealer. there has never been to have a favorite food. with new grubhub plus you get unlimited free delivery and cashback rewards for ordering noodles, and noodles... and noodles... and noodles. grubhub plus. free delivery, cash back, and noodles. shouldn't you pay less when now you can. data? because xfinity mobile gives you more flexible data. you can choose to share data between lines, mix with unlimited, or switch it up at any time. all on the most reliable wireless network. which means you can save money without compromising on coverage. get more flexible data, the most reliable network, and more savings. plus, get $300 off when you buy a new samsung galaxy s20 ultra. that's simple. easy. awesome. call, click or visit a store today. ♪ >>> the balance sheet. the balance sheet in times of crisis i always start with the balance sheet. normally when we talk about a company and how it's doing, we focus on the sales per sh

it and i'll look at my screen and i'm flying blind here this is part of the paper that is up on cnbc.com, as well the total debt of u.s. non-financial businesses has grown since 6 trillion and cash on hand has grown by 1.7 trillion and a big driver of the debt growth has been buying back stock. how angry or annoyed should the investing and american public be by that statistic? >> brian, you know, first off, let's turn to the policymakers. the policymakers in washington ran policy to encourage this behavior from corporate america as a way to successfully drive up the market prices the disturbing part is when you see whole industries like airlines who bought $45 trillion of stock back or -- sorry, $45 billion of stock back over the last decade and now they want a $50 billion bailout program. i think there's going to be a popular backlash against this and as the programs potentially have to expand to bail out the hotels and the car rental companies and the energy companies and the whole bit, i think the main street and middle america will look at it and say once again, washington's saving t

host: the full interview is at cnbc.com. joining us on the phone is a white house reporter for reuters. thank you for being with us. guest: good morning. my pleasure. host: want to begin with the back yesterday with the -- back-and-forth yesterday with the president and governors of new york and new jersey in terms of a quarantine, the administration seeming to back down late in the day. ask how this unfolded? guest: they did back away late in the day. the blunt answer to your question is they are not putting in place a quarantine, but the president did sort of dabble in that possibility. he spoke to reporters when he was leaving the white house yesterday, going to virginia, his first outing outside the white house in about 2.5 weeks. he spoke to reporters on his way to virginia and said it was something he was looking at, considering. that received or generated criticism, quite a bit of criticism from those governors and he ended up tweeting last night that there would be a travel warning but a quarantine it self was not ne

the full interview is available at cnbc.com. joining us on the phone is jeff basin, white house reporter for reuters. thank you for being with us. want to begin with some of the back-and-forth yesterday with the president, the governors of new york and new jersey in terms of a quarantine. the administration seem to back away late in the day. explain how this unfolded. guest: they certainly did that late in the day. the long-term answer to your question, not putting in place a president dide dabble in the possibility. when he was leaving the white house yesterday he went to virginia, his first outing outside the white house in about two and a half weeks, speaking to reporters on his way to virginia, saying it was something he was looking at and , receiving in generating quite a bit of criticism from those governors. he ended up tweeting last night that there would be a travel warning. but that a quarantine itself was not necessary. bottom line, does the president himself have that authority? guest: that's a terrific question. the

cnbc.com's chrissy farr broke the story. what do we know?pening right now with amazon, they're thinking what can we do given that coronavirus has just become a pandemic one idea they've had they've talked about with gates foundation and number of other hospitals in their local seattle, can we deliver testing kids to the home, that way don't need to tonally come in, see a doctor in person less exposure. also don't have to deliver in the mail amazon has thrown up hand, we'll do it for free, use our drivers to come to the homes starting potentially as soon as tomorrow. >> that's a big deal chatting with er doctor, said i got people in car wreck, gunshot, somebody comes in with fever, got to put on hazmat suit, take temperature, take it off, they're fine, send them home anyway, real triage and trauma i'm dealing with, eating hour or two of my time because people are so paranoid rushing in with small fever. this will help alleviate the burden on the doctors and nurses out there. >> hospitals are just overwhelmed, you're absolutely right. in some

miss something head to madmoney@cnbc.com. shouldn't you pay less when you use less data? now you can. because xfinity mobile gives you more flexible data. you can choose to share data between lines, mix with unlimited, or switch it up at any time. all on the most reliable wireless network. which means you can save money without compromising on coverage. get more flexible data, the most reliable network, and more savings. plus, get $300 off when you buy a new samsung galaxy s20 ultra. that's simple. easy. awesome. go to xfinitymobile.com today. >>> you know i keep floggingth stay at home economy there's one problem with the pure player work at home stocks. how about the last pure plays. the companies with exposure to the stay at home economy they have other good things going. consider the case of palo alto networks, pnw. that's a play in the cyber security space a suboptimal quarter the end of february when everything was falling apart. it is of an enterprise company and most aren't eager to spend a lot of money right now they also have a powerful stay at home kicker helpi

there's a lot on your mental plate, but you can go to cnbc.com and invest in you and maybe take youring else going on as well thank you very much for watching cnbc's continued coverage. >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i want to make you some money. my job isn't to entertain you, i'm here to teach you. call me at 1-800-743-cnbc. tweet me at jim cramer >>> di

. >> so, i'm looking at this headline, cnbc.com, story telemedicine companies are struggling to serve extreme volumes of patients as coronavirus calls surge. are you seeing extreme volumes >> we absolutely are we're seeing demand up 50% week on week and it's growing exponentially to the point where we have a major supply and demand imbalance which has existed in our overall health care system and it's especially true now of all of telemedicine across the country. >> one of the key questions as we see more and more people turn to the internet and go on-line for more and more of their needs right now, including telemedicine is, can you infrastructure handle it >> well, our technology infrastructure is, you know, is standing up. the real issue is really can we bring enough doctors on-line fast enough to meet patient concern and demand for the service. we are hiring and adding doctors fast and furiously but also looking at ways to enhance our triage technology to make sure that we're sorting appropriately so that patients in most need of care are getting the care they need this is one cas

tweet cramer, #madtweets send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. and the struggle is real. mom! look! take something that can wipe you out? or don't, and fight through every second. new quick-dissolve nurtec™ can bring you back when migraines attack. just one dose can work fast and last so you can keep going. don't take if allergic to nurtec. the most common side effect was nausea. nurtec one migraine. one dose. onederful™ so it doesn't make a whole lot of financial sense for them to stay in this great big house. but, well, this is home. it's where they raised their three boys. could they downsize? sure. will they? not as long as thanksgiving is a holiday. planning for the future is about more than just money. let equitable be your guide. about being a scientist at 3m. i wanted them to know that innovation is not just about that one 'a-ha' moment. science is a process. it takes time, dedication. it's a journey. we're constantly asking ourselves, 'how can we do things bett

as always for more coronavirus coverage head to cnbc.com.k over to you >> thank you very much, buddy. be well. >>> still ahead, a slowdown on the swings can take a toll on silicon valley's big plans and coming up later, a silver lining in the market madness and we'll tell you what's going on in the c suite which can be some good news for all you nervous 'rtrngo d e ow wee yi tenthsh every day with a little bit of something, folks we've got it for you, stick around shouldn't you pay less when you use less data? now you can. because xfinity mobile gives you more flexible data. you can choose to share data between lines, mix with unlimited, or switch it up at any time. all on the most reliable wireless network. which means you can save money without compromising on coverage. get more flexible data, the most reliable network, and more savings. plus, get $300 off when you buy a new samsung galaxy s20 ultra. that's simple. easy. awesome. call, click or visit a store today. ithat car is one of mine. and soon, it's going to be one of theirs. but the

. >> scott minerd, guggenheim, piece is up on your website as well as cnbc.com stay healthy we'll talk soon. >> thank you, brian. >> we'll take a short break here after that, "options action" is coming up with mike, tony and the gang sit tight. "options action" up next ♪ ♪ ♪ (vo) quickbooks salutes the grit and determination of those who work for themselves. they're the backbone of our economy. and in these challenging times, they're adapting to support their communities. but many need our help. if you're a small business in need, or want to help a local business, go to quickbooks.com/smallbusinesshelp intuit quickbooks. to hel"coronavirus" intod your xfinity voice remote say to access important information and special reports from around the world. and to keep your kids learning at home, say "education" to discover learning collections for all ages from our partners at common sense media, curiosity stream, history vault, reading corner and many others. for more information on how you can stay connected, visit xfinity.com/prepare. ♪ ♪ ♪ ♪ ♪ >>> all right. welcome back to cnbc's continu

as always for more coronavirus coverage, you can head to cnbc.com back to you. >> thanks. up next, entrepreneur, gary vaynerchuk, joins us for tips during the coronavirus pandemic. we'll be right back. doing everything possible to keep you connected. through the resilience of our network and people... we can keep learning, keep sharing, keep watching, and most of all, keep together. it's the job we've always done... it is the job we will always do. >>> welcome back time for our next interview. cnbc's partnered with acorns on an educational initiative called invest in you, ready, set, grow. joining us now is gary vaynerchuk chairman of media and communications holding company great to see you again, gary thanks for joining us. >> thank you for having me >> before we get on to the areas they perhaps could innovate, on the fact that clearly lot of companies are doing good at the moment and doing the right thing. because it is the right thing. but having done that, is it right for them to be also pushing that message out a little bit to be getting some publicity for the good t

that story just went up on kroi cnbc.com a nice win in february, but don't expect to see it get stronger in the coming months. >> everything is going virtual diana, thank you go ahead, carl >> part of the new choreography on television. jim, i want to ask about a few things obviously the stable nature of the equities today the fed said on their website rates on commercial paper across almost all maturities were down on friday. mnuchin is on the tape this morning saying he thinks the existing relief package could get us through the next 8 to 12 weeks. and says they will release documents and instructions later today for how small businesses can start to apply for relief loans. so how much of this stable action is constructive right now? >> look, i think that a lot of people when the futures open expect them to be down limit that's been the way to go. the market on friday was just abysm abysmal. gave up a lot of the 20% the fact is this is a day where you can do something if you decided you wanted to go sell a stock, you wanted to sell an industrial, there's going to be a bid there's no --

. >> courtney, as matt was saying, truly historic moves a great graphic on cnbc.com that puts these moves in the same bracket as we saw in 1929 and 1987 as well the phrase dead cat is coming up these are the major european forces we do have substantial moves to the upside you have big numbers state side as well. the ftse 100 yesterday fell 10.87% it is down for the week. the italian market, which as we now is the epicenter of our coronavirus crisis the ftse mib week to date is down 28.39%. staggering figures there huge, huge declines. going back to the date of 1987, these are the biggest moves we have ever seen trying to rally but again 1% isn't that much. let's take a look at what we are trying to see. around about an hour ago, every single one of these sectors -- i'll get out of the way, every single one of these was rallying once again, travel aleisure is getting hit. >> yesterday's dramatic move marked the end of the historic bull run which began march 9, 2009 after the financial crisis. it took 16 trading days to move from a record high to where we are this morning joining me now fro

send an e-mail to madmoney@cnbc.com or give us a call at 1-0-80743-cnbc miss something head to madmoney.cnbc.com. when you look at the critical issues facing our world, what do you see? we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier

in that country is sheltering in place as always, for more coronavirus coverage you can head to cnbc.com ka kelly, back to you >> that wasn't a story i was expecting coronavirus to deliver. thanks very much >>> ll bean has been through the great depression, world war ii and financial crisis now it's ready to help out the medical community in the fight against covid-19 they are using material meant for dog bed liners to produce mask that is being tested by the massachusetts institute of technology we have the president and ceo of ll bean, mr. steve smith courtney >> thank you very much i want to bring in mr. smith before we get to you about the manufacturing of those masks, i want to sd you hask you how is e of business for you. are shoppers still buying online or have they shifted entirely to essentials >> good afternoon, courtney. thanks for having me on. i appreciate it. we're holding up okay. about two-thirds of our business is ecomm and a third is stores the stores are at zero being closed what are customers doibuying now >> we're seeing a huge run on slippers they are selling close

you can get more by heading to cnbc.com back to you. >> i couldn't agree you more thanks very much >> confidences has dropped sharply this month why couldn't it as worries about the coronavirus and the economy bleed through. this is waumtslmart announced it will begin temperature checks for its u.s. employees the retail taking such a hit this month what companies in best position to weather this crisis and how will retail be changed forever james is the editorial director of women's wear daily. he joins us with more. will shopping ever be the same >> i think in the short term, probably not i think consumers are getting used to shopping online plus as anybody has gone to a store lately, the six foot distancing isn't going to go away when this pandemic hopefully ends and hopefully it will be soon. this con sent of goicept of goia crowded store, people will be wary of for a long time. >> we hear evidence that the sale of tops, those things that you can see on a screen like this, are way up the sale of bottoms are way down how many pairs of sweat pants do people need? are people just not

online lessons through the rest of the semester for more on the coronavirus coverage at cnbc, go to cnbc.com back to you. >> thank you very much let's bring in meg for more on how companies are racing to find a cure for koe vidcovid-19 >> companies are working quickly on various vaccines and drugs. public health experts say it's the other, the nonpharmaceutical interventions that will make a difference in this outbreak and in flattening the curve. if you look at various areas, up until today we had actually seen a slowing in new cases in west chester county that's on the left today we saw a major spike in new cases in this area different areas are driven by different policies even if one place is starting to get a lock on things, if we don't have policies across the country to suggest people not travel or to have the stay at home orders in different states, that we would see seeding of outbreaks in different areas florida's case is now approaching 2,000. they don't have a stay at home order for the state there. they do have sort of locally driven responses this is major concern. >> 2500 new

have a question, tweet cramer, hashtag mad tweets send him an e-mail to madmoney@cnbc.com. or give us a call. 1-800-743-cnbc miss something in head to mad money.cnbc.com but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. but when allergies attack,f any the excitement fades. allegra helps you say yes with the fastest non-drowsy allergy relief and turning a half hearted yes, into an all in yes. allegra. live your life, not your allergies. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. ...it's almost like a challenge everyday to see how well i can eat and still enjoy myself all day long, i wake up every morning to see how much weight i've lost and how much better i look. myww join for free and save 30%! myww it's more than just fast. it keeps all your devices running smoothly. with

getting turned into a temporary hospital for more onthe coronavirus coverage, you can always head to cnbc.com back do you. sf >> thank you very much companies of all shapes an sizes are heedsing are you aurgent ca. now the technology community is finding a new way to help. josh is here with the details. josh one group of companies that think it can make a real difference is the 3-d printer industry hp says it's now coordinating with governments and health care agencies to identify what medical equipment is needed most and leveraging 3e ining 3-d pri make those parts they have already produced more than 5,000 face shields and hands free door openers. it isn't alone strstasyk is engaged in this challenge. they tell us hundreds of hospitals are now reached out to the company asking for a total of 350,000 such face shields tim green who covers the industry says 3-d printers do have certain advantages. the biggest, flexibility they is make parts anywhere they are placed and modifications to the manufacturing process are easier t there are draw backs he said traditional machiners can turn out parts

you can get the latest coverage on cnbc.com. hearing a lot more about nursing homes and rehabilitation hospitals being hit hard it's a trend they expect to continue >> absolutely, sue it's tragic and very sadly probably not the last we'll hear of it. thanks very much >>> up next, help arriving for new york city. dramatic images of a ship carrying thousands of hospital beds and personnel when we come back. yes. the first word to any adventure. but when allergies and congestion strike, take allegra-d... a non-drowsy antihistamine plus a powerful decongestant. so you can always say "yes" to putting your true colors on display. say "yes" to allegra-d. - [spokesman] if you've tried colleg(group cheering)shed, snhu lets you transfer up to 90 credits toward you bachelor's degree. - [woman] it doesn't matter how old you are, you can do it, you can finish. - [spokesman] finish your degree at snhu.edu >>> the usns comfort docking in new york today bringing hospital beds and 1200 medical personnel. contessa brewer here with more some amazi

action could save lives >> as always, you can get more on cnbc's coronavirus coverage by going to cnbc.com. >> thanks so much. now hertz offering free rental vehicles to workers in new york city through the end of april. joining us by phone in an exclusive interview is the ceo very good afternoon to you and it's great to hear this new endeavor you're doing to give health care workers in new york city free cars talk us through how easy that has been to administer and the take up you've seen. >> well, what happened is basically we have a lot of employees who want to help and we also happen to have a lot of cars not on rent because of the immediate impact on travel and mobility matters you know in these times of crisis are critical and we have a lot of cars available so we'restarting with health care workers who truly are at the front line of this crisis. doing good work and we're going right to new york city where it's the epicenter of the coronavirus cases. and you know, as most, many people know, there's low car ownership in new york. and there's increasing concern with people using public

you can go to the coronavirus coverage at cnbc.com back to you. >>> thank you very much for those headlinescoronavirus. shares of johnson and johnson and abbott labs are soaring today. both are annoyancing positive news in the battle to contain the coronavirus. meg is here with more on that story. >> while these companies are moving incredibly quickly in other words to get solutions for covid-19, just take a look at the newest updates that came over the weekend and today in the space of vaccines, diagnose notistics and drugs. j and j making that announcement that it plans to start human trials in september. that's amazingly fast. on diagnostic, abbott announcing a test that can return results in as little as five minutes and is deployed around the country it can be done on the spot there by those machines. that's a game changer. in terms of drugs, the fda announcing emergency use authorization for some donated anti- anti-malarial drugs. on the drug front, clinical trials are expanding on that vaccine timeline, j and j is up there with madurna is testing vaccines the trial already started th

as always for more on the coronavirus coverage, you can head to cnbc.com back to you. >> sue, thank you so much for that as always. we've got about 22 minutes left of the session and we are higher by just under 10% on the dow 8% the s&p 7% for the nasdaq. nt, wllupexe' discuss whether this rally is for real or if we could see more volatility ahead. ♪ you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. wenot the exception.sh food being the global norm, at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. dana-farber cancer institute discovered the pd-l1 pathway. pd-l1. they changed how the world fights cancer. blocking the pd-l1 protein, lets the immune system attack, attack, attack

governors of new york and california to see if those ships would be helpful as fualways, you can head to cnbc.com >>> let's bring in meg with a look at what the united states is learning from the likes of china and italy about flattening that infection curve >> our team sees this looking first to china for what it diz did to flatten its own curb. it took about 25 days in other words to see the red line that is china's total cases start to flatten. that's the blue line is global cases. those started to rise from italy, across europe and in the united states. they are using that data to see when the mortality rate started to spike they found that by early april on the current trajectory that's when they start to see us getting into real trouble in the u.s. in terms of our intensive care sp care capacity. if we want to flatten the curve that's the best case scenario. they say we need to start seeing even stronger quarantines across the united states. >> how hearted are american epidemologists that there's not been new cases in china. >> they think that is good news. everybody is taking that as it's

email us squawkboxeurope@cnbc.com or tweet us @squawkboxeurope. >>> still ahead, europe divided. spain hits back over remarks from the dutch finance minister as the bloc struggles to coordinate a fiscal response to the fall from the coronavirus. i recently spoke to a group of students about being a scientist at 3m. i wanted them to know that innovation is not just about that one 'a-ha' moment. science is a process. it takes time, dedication. it's a journey. we're constantly asking ourselves, 'how can we do things better and better?' what we make has to work. we strive to protect you. at 3m, we're in pursuit of solutions that make people's lives better. yes. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. ok. -yep. transfer your service online in a few easy steps. now that's simple, easy, awesome. xfinity makes moving easy with two-hour appointment win

up to date and as always for more on the coronavirus coverage that we have here at cnbc, head to cnbc.com wilf, back downtown to you zbl>> sue, thank you very much that now a slew of retailers making the decision to draw down their revolving credit lines i amidst coronavirus pressures. courtney reagan is following that for us. >> so by my count, some 30,000 retail stores are closed that means no cash flow is coming in, but retailers still have to pay those bills. so you couple no cash flow with the uncertainty for how long is this going to go on and you've got almost 20 retailers tapping into revolving lines of credit in the last couple of days what does that mean? a rerovelling line of credit effectively is a loan that's available should it be needed from a financial institution so if a retailer taps into it, is that bad not necessarily, but like many things, it depends on the circumstance in some cases, it may be to add a cash pad tog a balance sheet that's stable. that would likely be the case with a best buy or tjx here but then there's other scenarios where without this line of credi

tackle the impact of the outbreak you can get more on the coronavirus coverage here on cnbc go to cnbc.comre expecting another briefing by the governor and he says he expects the death toll to be higher >> the other number he gave out which will have to be dealt with is the estimated tax revenue 10 to $15 billion. he was saying how the actions in washington don't address that at all. he's not the only governor who is going to be dealing with massive, massive shortfalls that will have to be dealt with in some form of fashion in d.c. >> he is saying what they will be doing as soon as he gets past he's calling the apex which he expects to be in under 20 days fp apex of the virus. he will have to sit down and figure out where that money -- we won't be able to make up the entire shortfall he's admitted that he's piling to washington through back channels but he's going to sit down with all of the school districts in new york state and say this is what you are facing once we get kids bac into school. he's got a lot of balls in a air but he was very direct at the actions in washington and not al

send him an email to madmoney @cnbc.com head to madmoney.cnbc.com.do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. when yowhat do you see?itical issues facing our world, we see a billion more people breathing free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> when the market turns this ugly, nobody has time for nuance if a company with a high-flying stock looks to be a third quart we ask questions later we saw this play out on wednesday night with one of my favorites, a cloud-based software analytics play, what people thought were confusing numbers, i didn't. the company delivered better than expected sales, misguid

for more coronavirus information, you can head to cnbc.com >> sue, any chance those nursing home folks go into private homes? do they come up with another facility >> they came up with another facility about 15 to 20 miles away they don't want to put them in local hospitals because that hospital is also a testing site. it's very crowded. as a result they'll put them in an assisted living facility that has been sanitize and wait and see if those 70 presumed positive test positive it's one of the first across the country to be evacuated. we're watching very closely. >> sue, thanks. >>> hospital across the country are waiting for a surge in coronavirus patients meg is here with the latest on that front. >> reporter: we've been hearing stories of the shortest of equipment and supply chain company premier has put some numbers on it for us they say a survey shows 60% of u.s. hospitals say they can't handle an influx of covid-19 patients because of the product shortages. 97% say they're conserving personal productive equipment. they don't have enough masks, surgical guards, face shields. the

for more on the virus itself, head to cnbc.com wilf, back to you. >> sue, as ever, thank you so much that the global stock market meltdown is one of the best investment opportunities she has seen since the 2008, 2009 financial crisis. with more buys than capital to allocate sarah is causeway capital's ceo and fundamental portfolio manager. named morning star's international manager of the year in 2017 sarah, we're very excited to hear some more of this optimism that we've read in your notes. just frame it for us at the top. do you think there are some very compelling buying opportunities. >> we do and i speak on behalf of the entire causeway management team. we all think this is the best buying opportunity we've seen since the global financial crisis and in some parts of the market, the most hard hit sectors, it might be even better it's all to do with cyclical stocks they're the ones that have underperformed the most overall and they're the ones with the greatest amount of upside, not dissimilar the what we saw from february of 2009 through 2012. february 2012 and those three years,

criticize that decision we'll have more for you nec hour for mur coronavirus coverage you can head to cnbc.com scott, back to you >> i appreciate it i want to do a bit of breaking news here related to the story we led the show with i've just gotten a press release that says the ven tech life systems announced general motors will build vocsn at gm's indiana manufacturing plant with fda cleared ventilators scheduled to ship as soon as next month this effort is in addition to taking aggressive steps to ramp up their facility in washington. i told you that a deal between the government and ven tech could be announced today in fact, it appears as though this is literally being announced as we speak. despite the fact the president went on twitter just before we came on air suggesting that general motors wasn't moving fast enough. the president saying as usual with this general motors things never seem to work out they said they were going to give us 40,000 much needed ventilators. now they are saying it will only be 6,000 in late april they want top tldollar always a mess with mary barra. this state

you can led to cnbc.com for more coverage >> thank you very much >>> as cases continue to surge nationally, let's talk more about the steps to contain the virus. dr. ed elson is ceo of the permante association it supports 23,000 physicians. largest skaengs of doctors have in california. welcome. >> thank you >> how are you guys holding up >> well, i'd say we're taking it a day at a time. we're managing well so far really impressed by the commi m commitme commitment, dedication of our people wildfires and floods in california nothing on this scale before >> do you have the protective gear you need? the equipment you need to address what ever kind of surge you might encounter. >> right now it's yes. we have what we need for today and for the immediate future as we're doing our surge planning scenarios, that's the work that we are aggressively under taking we have several scenario, kind of a low, medium and high that will help us assess our personnel, icu bed, ventilators us understand. i'm gratified we have out reach from other industries. individuals have been very generous in donating some

the president in the white house as always, you can get more coronavirus coverage by heading to cnbc.com. >> thank you very much, sue. >>> much more coming, including more on today's push in the market and why it's moving higher we're going to be right back you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. >>> welcome back to fast money, stocks staging a big comeback today. let's bring in nadine terman three words you keep saying, cash is king, tell us why? >> well, frank, we like to tell our clients that running a bid by yourself is difficult what other investors get caught up on a day like today and go first. when the swrol untilty index -- one of the best things you can do is hold some cash and be patient as you get more asymmetric opportunities >> you say be patient. do we want to be defensive or should we try t

as always, more on the coronavirus coverage, you can head to cnbc.com ty >> thank you very much with the number of cases in the u.s. soaring to nearly 50,000, let's get an update on testing efforts as the white house weighs lessening social restrictions as easter and maybe sooner that's april 12th. welcome. it's great to see you again. >> it's good to be with you. thank you very much. >> how is testing going? i gather stanford was among the first to have developed its own kind of in house test for this >> we were we developed so called rtpr test that when the fda announced it had opened up additional criteria for approving these tests, we were one o ever the first to submit for approval and receive approval and brought it into general clinical use immediately after. we are testing about 1,000 patients day from our delivery suspect and from delivery systems in hospital and clinics around the bay area. >> what percentage are turning out positive >> that's correct. those criteria do involve the presence of symptoms, fever, cough and other related symptoms the percentage is fluctuating.

it's fascinating stuff alex's full story is on cnbc.com. >> thanks.n we come back, the man that manages one of the world's largest hedge funds with nearly $120 billion ceo luke ellis will join us live we'll talk to him about what he is doing amid all the market volatility plus our squawk news maker of the morning. secretary of state mike pompeo he'll tell us where things stand with the coronavirusnd m auch more you're watching squawk box on cnbc and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk stay two nights and get a free night for your next stay. one night, two nights, free night. book now at bestwestern.com. these are our sales... free night. by product, by region. you can actually see taste- trends. since when can we do that? since we started working with bdo. (announcer) people who know, know bdo. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your gro

some of the right people, reading the information that you have on your website, that we have on cnbc.com is a key part of that. >> we're going to see some economic numbers that will scare people in the weeks ahead. we will see jobless claims jump to maybe two million this week. we will see numbers we have not seen before, not in our lifetime. i think people need to understand that the economic picture will look better -- look worse before it gets better. they will have to steel themg themselves for that. if you if you understand the numbers are coming, you don't have to react in panic. it will help mitigate some of the economic problems you're likely to see in the weeks ahead. >> it's hard to talk about the economy these days without cussing. thank you for helping to keep us calm and thank you for answering our questions. >> happy birthday. >> thank you. >> what day to be celebrating my 40th. please do keep sending us your questions whether they are economic or medical or anything at all. e-mail us, talk@msnbc.com. we'll get the latest on the shortage of tests and we'll answer your quest

brian as always, for more coronavirus coverage, head to cnbc.com >> the ducks don't want to run afowl of the law >> we don't need puns at this time >> it's been a long couple weeks thank you very much. appreciate that. >>> coming up, we're moments away from the white house briefing on the coronavirus. any more reason to be optimistic we'll talk about it coming up. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from using feedback to innovate... to introducing products faster... to managing website inventory... and network bandwidth. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. - (phone ringing)

question, tweet cramer #madtweets or give us a call at 1-800-743-cnbc miss something head to madmoney@cnbc.com. i can't believe it. that chad really was raised by wolves? which one is your mother? that's her right there. oh, gosh. no, i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. it's really great. well, i'm just so glad to have met your beautiful family. and we better be sitting down now. believe it! geico could save you fifteen percent or more on car insurance. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. it's almost like a challenge everyday myww's been an amazing journey. to see how well i can eat and still enjoy myself all day long. i wake up every morning to see how much w

bars and restaurants will operate as take out or delivery only you can get more by checking out cnbc.com back to you. >>> it's been another rough session with crude dropping below $30 a barrel >> also hitting its lowest level today. the coronavirus still taking its toll on demand especially as more airlines and countries cut off travel supply is not helping the situation with opec set to ramp up production after its talks with russia and other allies broke down here on the u.s. side, president trump saying friday, the energy department would purchase large kwaun tip kwaunties of oil reuters reporting the purchases could begin as early as two weeks. back do you. >> thank you oil is coming off its worst week since the financial crisis and president trump announced on friday a purchasing plan for the strategic petroleum reserve. our next guest says that bail out is not enough. mike, welcome. first of all, how bad do you think this is going to be for oil and gas production in this country as prices continue to plunge >> this is a disaster for many shell producers and we're watching it very c

as always, you can get more on the coronavirus coverage by heading to cnbc.com.'ll send it back to you. >> thank you very much >>> when the coronavirus epidemic began, doctors said that healthy people shouldn't wear masks but now some are questioning that advice and asking if everyone should indeed be wearing some kind of mask jane wells does join us with more on the story. hi, jane. >> reporter: hi, kelly dr. anthony fauci said the white house coronavirus task force to discuss the situation today because way back at the end of the january in california people wearing masks including me with an n95 mask i got in fire season wore it on a flight to chicago february 2 pd and then said healthy people don't need to wear masks and gave away by mask to a nurse friend. i kept this one just in case and the cdc to reconsider the possibility of everybody wearing masks outside. you may think you're healthy and go to the grocery store but infected and don't know it and everybody is makes masks or many americans are. the upside is that it doesn't further strain the short suppl

tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. awesome internet. it's more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter what they're up to. it protects your info... ...and gives you 24/7 peace of mind... ...that if it's connected, it's protected. even that that pet-camera thingy. [ whines ] can your internet do that? xfinity xfi can because it's... ...simple, easy, awesome. [ barking ] >>> earlier today one of crame faves, starbucks held the annual shareholder meeting but did it online because anything else is irresponsible. this is the coffee's 50th year and now what are they doing to stop the spread and help association ats. i think starbucks is being a model employer they're giving catastrophe paid and a new mental health benefit that also extends to families. the company shifting to a to-go model in north america to cope with the pandemic. there was good news. 90% of the stores in china are now back in busine

enforce strict anti-virus restrictions as always, for more on the coronavirus coverage, you can go to cnbc.comi'll have more next hour back the you. >> see you then. thank you so much. >>> coming up, if your streaming speed is slowing, you're not alone. which services are doing them an enwhy. >>> plus wall street gets bullish on paint, shampoo and a navy ship arrives in new york city to help deal with the massive rise in cases. now the most in all the country. we'll take you there live to show you what's happening. we're back in two. issues facing our world, what do you see? we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> welcome back with a check on the markets, half past the hour, higher across the board dow back above 22,000 with a 2% gain today s&p up 2.5% and all s&p sectors high

get more on the coronavirus and cnbc's coverage on cnbc.com. back to you, sara. >> sue, thank you., facing the coronavirus try v c crisis we'll speak to the former prime minister enrico letta. life isn't a straight line. and sometimes, you can find yourself heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward. a partner who makes sure every step is clear, - [spokesman] if you've tried colleg(group cheering)shed, snhu lets you transfer up to 90 credits toward you bachelor's degree. - [woman] it doesn't matter how old you are, you can do it, you can finish. - [spokesman] finish your degree at snhu.edu (vo) quickbooks salutes the grit and determination of those who work for themselves. they're the backbone of our economy. and in these challenging times, they're adapting to support their communities. so we're supporting them, and asking everyone else to support them too. intuit quickbooks. >>> welcome back italy has reported another 683 deaths from the coronavirus since yesterday. the to

for more coronavirus coverage you can head to cnbc.com scott, back to you >>> thank you. welcome back it's good to have you on the program today, chamath >> how are you in. >> i'm good. >> you look at the market. you see what's going on. what do you see today in terms of whether you think we're close or at a bottom and it's time to maybe put some money to work i hate to pose the question that way because it's so uncertain. no one knows the true bottom you had some names come on the air and say you've got to. >> i wanted to come on today because i think there's a lot i wanted to sort of get off my chest. let me start with what i think has been apparently obvious. psychologically over the last few days you've heard it from all of your guests either explicitly or implicitly which is they have been so whip sawed, they are so coiled for a rally everybody is talking the language of a rally and everybody wants to see a rally happen when there's an iota of moderately good news, the market reacts because it's been so whipped around if you take a step back, let me give you the bull

send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc ssomhimi setng some head to madmoney.cnbc.com. awesome internet. it's more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter what they're up to. it protects your info... ...and gives you 24/7 peace of mind... ...that if it's connected, it's protected. even that that pet-camera thingy. [ whines ] can your internet do that? xfinity xfi can because it's... ...simple, easy, awesome. [ barking ] >>> has the market come down to the point where wk look through this brutal moment to the other side the post corona future we have to prepare for some more ugly headlines infection death rates are about to soar here drug trials against the scourge. insurrection against hurricane jose fund managers still, we need to keep our eyes on the prize and that prize is what works once the smoke clears, although it could be the smoke amidst fire. first the stay at home economy isn't going away you can

follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to miss something, head to dmey.cnbc.com. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. it's more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter what they're up to. it protects your info... ...and gives you 24/7 peace of mind... ...that if it's connected, it's protected. even that that pet-camera thingy. [ whines ] can your internet do that? xfinity xfi can because it's... ...simple, easy, awesome. [ barking ] >>> even after the president's press conference which sent the averages soaring, we have to be aware that the coronavirus is still in control of this market. if we see a bunc

that postponement as always, you can get more on the coronavirus coverage here at cnbc by going to cnbc.comend it back downtown to you, brian >> sue, i can't tell you when i look forward to seeing you again in person. i don't know when that time will be >> we are the ultimate in social distance willi distancing which everybody has to observe. >> sue herera, lunch is on me. thank you very much. >> today the turmoil is to the upside and it can be both ways, folks. stocks surge on hopes the congress can get past the massive $2 trillion stimulus package. the dow rising 2,112 points and the biggest point gain on ridiculous and the fourth biggest percentage gain on record let's talk about the big move higher and the markets going forward and joining us now, mike wilson, chief u.s. equity strategist at morgan stanley mike, thank you very much for joining us what advice are you giving your clients at morgan stanley right now in these incredibly tumultuous marks >> we . >> the first one is don't panic. volatility is extreme right now and trying to trade this volatility is not advisable for most of o

you can get continuous updates at cnbc.com. ty >>> thank you very much. new york governor andrew cuomo announcing a stay at home order for the state and contessa is live in manhattan with more as we're at session lows. >> reporter: 100% of the work force deemed nonessential is ordered to stay at home. no switching on and off with your spouse to go into the office those who are out and about can still use mass transit but only if it's absolutely necessary let's talk about wh wo is deeme essential. that is health care, grocery store, pharmacy, bank, child care the governor was even asked if services like verizon and apple are considered essential he said absolutely he's asked the internet service providers to ramp up their capacity and to make sure they are not charging people on data. for businesses that do not comply with this order, there will be consequences fines or summons we're told if grouds gather, the police will come in and break them up. they are unlikely to get tickets. there's now a 90 day moratorium or residential and commercial evictions. wh