there from central london well for more all the prime minister's condition i'm now joined by dr david bull david good to see you know not to you k. now the prime minister is in intensive care standard oxygen but not on a ventilator what does that mean well i think what it shows really is just the human tragedy behind this disease you know i think it shocked a lot of people that the prime minister and i think many people saw him as someone who was in number 10 downing street giving out these really warm sentiments saying you know everything will be fine and for him suddenly to be admitted into hospital and to then be transferred to intensive care means that actually his condition is worsening now there are conflicting reports are spoken to some of my medical colleagues who are working in that hospital now and there is no doubt that he will have received oxygen and obviously they're being very careful you know he's the prime minister so you have got to make sure that they do everything and they go over and above what they could possibly humanly do so he's been given oxygen i've also heard. he has

for more, let's bring in host of "bulls and bears" right here david asman. david: thank you so much. >> well as you said, stocks finished higher today, do you gaining 286, s&p 500 up 40. and nasdaq finished up 63, vol volume on big board 8 billion shares. russia and saudi arabia today agreeing on biggest oil production cut in decades, 10 million barrels a day in may and june. lou? lou: well david, the 6.6 million americans applying for unemployment benefits last week, 17 now over last few. these are difficult times without question. the economy though, this market, reacting positively today. your thoughts about how much liquidity we're pouring into this economy in an hour of desperate need. david: it is an extraordinary amount of liquidity, portfolio grown to 8 trillion, some believe it could go to 10 trillion, during 2008-09 crise its grow to 5 trillion. that scared some people. remember head of federal reserve and president were at laggerheads, but now encourages to us, and i think to markets that they are working so closely together on giving this economy what

let's bring in david osmond, anchor of bulls and bears on the fox business network. davidee oil dropping to below $11 per barrel. at the same time, more relief for small business amid this pandemic. >> let's talk about well for us because as you know well, you use to trade oil. it's a good indicator of where the world economy is. we are now selling 29 million barrels less per day, all of the oil producers in the world than they were last year. that's an enormous drop, a 30% drop from where we are usually going. that shows you that the world economy is only 30% of what once was. investors are looking at that as an indicator of where the world economy is. the drop in economic growth is huge. >> sandra: we are and will see you after the bell today. keep watching "america's newsroom," we will be right back with a brand-new hour. and we'll be here to serve you for a hundred more. ♪ thousands of women with metastatic breast cancer, which is breast cancer that has spread to other parts of the body, are living in the moment and taking ibrance. ibrance with an aromatase inhibitor i

david asman is the host of bulls and bears on the fox business network and joins us with reaction. good morning, david. >> it's a dark morning on wall street but more importantly a dark morning in america and literally in the entire world as so much of the businesses in the world are closed down because of the virus. that is reflected in today's jobs report although not as much as it will be. this jobs report which is supposed to be for the month of march actually ended their calculations march 12 just before we began to see all the business shutdowns. so what we're seeing now with wall street is kind of yes, it's a down day down about 106 points right now, but this could just be the beginning of something big. we were expecting the loss of 100,000 jobs. we had a loss of 701,000 jobs. that's a huge difference between what was expected and what we actually got. again, remember, that ended -- those calculations ended march 12th. really march 15th we began to see the shutdown in new york and other cities that ended economic activity except for essential services in the country. so many people are expecting even though the unemployment rate has gone up to 4.4%. it was expected to say the same at 3 1/2%. people are expecting much worse. the oxford economics projects a loss of 30 million jobs by the beginning of june. that would be a 16% unemployment rate. we have not seen those figures since the great depression and the real key here, sandra, you know this so well, what would be worse for america right now? another great depression like we had back in the 1930s, or a continuation of the coronavirus? a lot of people say with the various restrictions we have in place now, with the various medications that are online, we better get back to work soon. that is at the end of this 30-day period, if not we're risking a great depression and how many lives would be lost as a result of that as opposed to the coronavirus? >> sandra: that's a very delicate and calculated balance. we'll ask larry kudlow white house economic advisor about that coming up in an hour. steve mnuchin talking about the checks going out to the americans who so badly need them assuring them they'll go out this week. here is steve mnuchin. >> i am assuring the american public, they need the money nou. what we'll do is if we have your information, you will get it within two weeks. social security, you will get it very quickly after that. if we don't have your information, you will have a simple web portal. if we don't have that we'll send it in the mail. >> sandra: when will people actually see those and get those? >> it is an open question and it is one that you think back to the roll-out of obamacare. people are looking at that as a concern that the government doesn't always do things the way it's planned. the private sector as you know usually does things a lot more efficiently than the government does. however, they are very hopeful that 2.2 trillion package that includes checks to americans will go out. this is also the beginning of the paycheck protection program. this is a $350 billion program for america's small businesses. loan program up to $10 million in loans. we have 30 million small businesses in america. huge number of small businesses including businesses that are self-proprietor, contractors and so forth. businesses of 20 people or less. but up to $10 million if they continue to employ the people they have employed. they get that money back. it becomes a grant rather than a loan. so there is an incentive and why they call it paycheck protection. it protects people that are on the payroll by these small businesses. it is going to be paid out through banks specifically banks that have a relationship with a small business administration. a lot of small businesses don't deal with banks. you start a small business based on your savings, based on money you borrowed from your family. what do those people do, the people that don't have relationships with banks? they have to establish a relationship with banks. it will be a problem. there is no getting over and no easy solution here but there is a lot of money out there for individuals, the 157 million people in the workforce, for the 30 million small businesses and for individuals who are going to be getting those checks. so as long as the government operates efficiently, that's hoping for a lot. if that happens we'll be okay at least for the month. after that i think we have to get back to work. >> sandra: that's the good news, the money is there but how that will get in the hands of the americans waiting on those checks but also the small businesses. if they continue to pay wages and rent and utilities they can get that money but the banks, some of them you saw on the interviews in the "wall street journal" and other places this morning, a lot of banks don't know exactly the guidelines they are supposed to follow to follow through on that. we'll ask larry kudlow. >> it will be a problem. larry kudlow should have more on that coming up. >> sandra: all right, david asman. see you later on fbn. >> god bless you, thank you. >> sandra: you, too. much more next hour when national economic counsel director larry kudlow joins us at 10:30 a.m. eastern time. we look forward to that. >> ed: in the meantime the uss roosevelt's commanding officer has been relieved of duty after raising alarm bells of a growing number of sailors sick with covid-19 on his aircraft carrier. jennifer griffin is live with more on the story. >> hours after the acting navy secretary fired captain brett crozier, hundreds of crew members gathered on the uss roosevelt hangar bay to give him a roaring send-off chanting his name. 114 sailors have tested positive for covid-19 aboard the aircraft carriers. the crew is ignoring guidelines to social distance to send a message of protest to top navy brass for firing their skipper who sounded alarm bells about the rising number of coronavirus cases on his ship forced to arrive in guam a week early. >> i did not come to this decision lightly