we are pleased today to be joined by guy adami and dan nathan for the entire hour, we welcome in emily roland of john hancock financial. it's good to have you back here on cnbc's fast money you said it seemed like the indiscriminate selling might be over, that gave you some comfort, were you more comforted by today's action? >> yeah, and it's great to see, great to be here i have to give a huge shout out to everyone in englewood cliffs for making this possible to getting us all on. thank you. i hope everybody's safe obviously, and number three, yeah, i take a lot of comfort in the fact that the indiscriminate selling appears to be over for now. and i'll add this on top of it, the volatility index which was rallying all week, which wasn't a great sign on the back of the broader market rally, and down today in a meaningful way for the first time in a while, brian, yeah, i think that's encouraging. >> you know, dan, i tweeted out on friday, i think it was over the weekend. i said, if you have to keep asking if this is the bottom, it probably isn't because it means there's still this sort

thank you, steve we appreciate it >> all right let's bring in guy adamy and dan nathan both here at thedaq. we'll start with you, at a time of incredible stats i've got another one for you from the bond market and this one courtesy of national securities. today was actually the sharpest one-day move for 30-day bond yields since the year 2000 what does that tell you? >> it tells me a lot, if you have watched the last 15 years i've been a half empty person and that's the way i was raised on wall street, but i'm going to be the half full person today because i know as painful as this is for everybody watching, we're going to get through it and we'll get through it on the other side better than we were when we got here that's my absolute belief. with that said, as you know my concern all along has been the bond market and i would be willing to bet the people that actually understand this stuff would have wanted the stock market to close unchanged today or even slightly lower and the yields in the market not move as precipitous to me. so there's absolutely some solace in the fact that we tra

now to dig in deeper, the former administrator of the small business administration karen mills, dan nathan and pediatrician dr. aaron carroll. karen, do you first. what do small businesses, any business with 500 people or less, we have tens of thousands of them across this country want what do they need most? >> there's 30 million small businesses out there and they account for half of america's workforce. right now, they urgently need cash. they only have about 26 days on average of cash on hand. when a business runs out of cash, it's dead. so we see in this bill, $330 million for small businesses, pitting them first. there doesn't seem to be a lot of disagreement. the problem is how to get that money out quickly into the hands of small business owners so that they can get it into the hands of their employees. and right now, the devil is going to be in the details on this one because if we send it out through bank webs they probably can't move fast enough. how can we get it out quicker? maybe american express credit cards. we need the payroll companies to buy in. right now, i think we nee

still with is dan nathan, principal at risk --, first to you, mike, short covering? >> there's always short covering involved i don't want that you want to necessarily pin it on something artificial or flighting. the market has been under a fair amount of stress i do think somewhere in the middle of the day we got to at least a minor sense that the rest of the capital markets were in full freakout mode when you have the ten-year yield go to -- and credit spreads were blowing out. i still think that you shouldn't expect the market to kind of pick itself off and shoot higher toward the highs from here keep in mind we were up/down, up/down, alternating every day this week. so it's probably a good thing we respected the lows from last friday and didn't spill right through them i could find some positives, without a doubt, lower intensity selling on this go-around, but it's hard to say we have necessarily built in a margin of safety >> it's definitely been a more volume tiff couple weeks than you would think. but we cut or s&p start earlier this week to 31 hundreds for ye

jared bernstein is here, as well as my old fan, dan nathan.ongressman, what do you think is the most important step that congress can take to help people who were financially impacted? >> let's focus on the human toll. there's areas we agree with the president, paid sick leave, et cetera. let's get that done, and there's other areas, folks are having their kids sent home. they may not have access to child care. the hourly workers, folks in the gig economy, we have to protect those folks and make sure that folks who get sick -- and then longer term, let's have debate about how we avoid or minimize a recession that likely is coming. >> jared, you actually published an article with your own plan. tell us. >> first of all, the most vulnerable people on the economic side are people that the congressman just referred to. these are folks who may actually be employed, but they can't go to work, because their workplace is quarantined or their kids are stuck at home. if they don't get paid leave, they could miss a pikecheck for weeks or months. a lot of

i listened to dan nathan a lot i'm literally going to cash. i'm going to high ground to wait for this so called great opportunity. who knows if it's three months, six months if people are doing what they are doing in florida and the midwest this will lag on a lot longer a lot of the service businesses, small business i have a small business. worried about my two or three employees that are full time we're trying to get them checked. this morning, since i do all my trading the on charles scwab, never bought their stock i bought some this morning i did do a little buying i do think we're going to 12.5 in the near term >> i look forward to seeing you on the sideline of a tennis court. that means we're back to normal. >> hopefully tennis will be back >> thanks for being here >> take care >> now what i want to do, i want to bring in -- do we have him? let's bring in ricky sandler who was listening to our conversation >> there's two things i'd like to highlight i think stooeeve is right when e points out the actions and lows. there's still some liqu

and your guides in these crazy times, are tim seymour, karen finerman, dan nathan and guy adami. i'm brian sullivan again for melissa. here is another incredible ride and volatile session the .5% rate cut by the fed morning doing little to calm markets. maybe exj rating the selling dow giving up half of monday's gapes at the end of the day down 785. keep this in mind. the dow is now down 3,500 points from highs of less than a month ago. stocks of course a story but the big story of the day was the bond market. holy smokes. bond yields continuing to fall on the 10-year, in fact the free-fall at 2:00 p.m. eastern time at 0.99%. the drawing is not good but you get the point. under 1% on the benchmark 10-year note we have never seen that before buyers not just coming into bonds, also flocked into gold and the gold mining stocks the precious metal up 3% the miners even more the gdx, a gold mining dpks index up 5% today. if you tuned in last night -- we hope you did everybody around the desk said they were not buying into the gains. in fact, guy adami i believe you said well rally to t

there, i'll tell you right now, it's going to look terrifying but quickly on the boeing front, and dan nathan alluded to this i think the fact that boeing told the government they have no interest in being diluted by them in terms of an equity stake, i think that was really encouraging for the broader market i think a lot of people were playing boeing from the short side thinking, it's going to get extraordinarily diluted, the stock is going to have a 50 handle i think that caught a lot of people off guard don't underestimate the power of the boeing move on this broader rally the last couple of days. >> tim, can i ask you to focus on ford? the stock maybe 30 minutes ago, the company getting its credit rating downgraded to junk by s&p. obviously for many reasons the stock is down after hours. you know, i brought this up last night with a guest i'll just ask you because i know that you're a plain speaker. do you think that there needs to be some kind of a hold put on these credit rating downgrades i'm not knocking moody's, s&p, or fitch i'm just saying these companies are facing exogenous event

that up on your screen as well and the last one, for what it's worth, this is something i know dan nathan has talked about. we talked about it literally since last summer. the russell as measured by the iwm. it never verified. it never backed up that move in the s&p 500, underneath the move in the broader market, the russell was trying to tell you something as well. that's breaking down again, it's not the time for kudos, i get it, but carter worth to his credit was pointing this out as well the problem is, when the market goes up, every single day, when you try to pint out the potential pitfalls, i'm not saying it falls on deaf ears, people see what's going on in the broader markets. sometimes you have to look under the hood, and i think that's what people are learning right now. >> yeah, they are. and i want to bring up boeing if i can, guy, i know you're not a single stock analyst, as i pointed out at the top of the show boeing was a $400 stock last summer it closed today at 129 and change they have huge pension guarantees to their employees. we talked about the negative book value at

massive rally and we likely will even if it remains a bear market >> yeah, and that's exactly what dan nathan was saying earlier. he said do not be surprised -- by the way, we had last week and the week before, to see a violent rally to the up side but it sounds like if and when we get that, you would be a seller into that >> yeah, but i would let it run for a couple weeks dan's probably right you've got some time here that the shorts are going to cover. hopefully we get some better news about this virus as we kind of move out in time. but, yeah, if we got a 50% rally off the lows, i would absolutely be a seller of that. >> what's the next most important data point, b.k., that you might be watching for? i would assume -- maybe i'm wrong -- that economic data is completely worthless at this point. >> yeah, yeah, it pretty much is we know it's going to be bad, know >> it's going to be backward looking. i mean, come on, all we care about is what's going to happen. >> the market's already priced it in, right, right. really, listen, all that matters -- what we saw in italy today is some good news

others you know so well and need to hear from on a night like tonight guy adami, tim seymour and dan nathan heard scott say that just because things get cheaper doesn't make them a good value >> yeah. we've been saying that for weeks now. i respect scott a lot, and he's sort of echoing what we've said, if you watch the show and hopefully a lot of people have, when the market was down 20% i know categorically, you can make a very cogent argument here that although the stock market is cheaper, stocks are not cheaper and stocks can be more expensive than they were at the time so i agree with them wholeheartedly, you know, just because the market is down, whatever it is now 29% or thereabouts, whose to say that stocks are not more expensive today than they were a month or so ago? >> i agree with that and it doesn't mean the market can't trade higher from here and it doesn't mean there weren't some encouraging sign, but if you're asking me to comment on what he just said i wholeheartedly agree. >> tim, we showed that long-term chart back in '08. the market fell 56% in 2,000 mouse and it was 47%

of attention and i believe you'll talk about it on the special >> thanks, brian let's bring in dan nathanion to ackman's comments is it hell to come >> we're feeling hell. we're seeing financial markets all over the world they have crashed effectively and what's also gone on from the health and humanitarian crisis, it seems a bit hell for a lot of people and china that were locked down, certainly people in italy and now in other parts of europe >> i will say this and i saw the interview and scott brought on some amazing, amazing guests and influential people and investors and people in corporate america in the last couple of nine months and i thought he was particularly alarmist and he plays tremendous aim mount of emphasis on the outcome and b, i just think the federal government other than the u.s. federal reserve has not even done anything yet, and the fact that he's gone from zero to a thousand in such a short period of time i thought was particularly alarmist and i think if you're tuning in to cnbc to get a sense for what's going on with the markets and what's going on with the econo

and your guides in these crazy times, are tim seymour, karen finerman, dan nathan and guy adami. i'm brian sullivan again for