. >> david kelly, you buying gold? >> i think it's something to think about long-term. i've never said buy gold, but i am -- the thing that i'm most interested in is not so much what the fed does during this, what i think will be a u-shaped recession. we know they're all in and will keep rates low as long as we have an unemployment rate in the teen but if this economy comes roaring back in the second half of 2021, at what point will the fed say, we can't just accommodate fiscal largess forever. we've got to be somewhat fiscally responsible if the economy is coming back, we've got to move out. and to me that's the really important question if we wait too long, we might end up with inflation, in which case gold, maybe equities. if we move quickly, the bond market may be in some trouble. i do like equities, real estate, even gold in this environment for the long run, just because rates won't stay this low once we've got a full recovery from this terrible recession. >> i was going to ask you about inflation, david and maybe you can elaborate just a little bit we think the r

from david kelly, j.p. morgan asset management. time wet is a funny find ourselves in. in bull market territory. overnight, therapeutics showing more efficacy, or maybe it is more of an aspiration we could see a vaccine by the end of the year with operation warp speed. is there too much enthusiasm over the worst of this? yes, definitely too much enthusiasm. the other thing in the u.s. parts of the economy most exposed to social distancing are a smaller part of the u.s. equity market. low, it'ss are so hard to commit to the bond market, helping the stock market weather this storm. if it was just the virus, the market ought to have gone lower. how strategic are you at this point given there is a great deal we don't know, another market bottom? what opportunities do you see with valuations not at bargain basement levels? david: they are not basement levels in the u.s. -- emerginggency market stocks look relatively cheap in this environment. is whole world economy basically on hold until they have a vaccine for this virus. it is nice to have treatments. we hope the fatality

bring back david kelly if we can. david, you want to crush the curve. meantime we're starting to see the actual severe damage being done to the economy. some of these numbers are quite staggering. how long can we hang on? you mentioned stimulus is very important to enable the bridge, between now and when we can reopen. but this economy, what is the recovery going to look like when we actually get there? >> i do think it will be a u-shaped recovery, but i would rather see a v-shaped recovery. what the cares act does i think we'll see phase four, phase five, i think we'll see the government put more money into this, we're holding the economy in suspended animation. you have mass unemployment but without poverty that comes with unemployment. a lot of companies with revenues, not necessarily going bankrupt. the good news we arrive at vc days, vaccine for coronavirus days, we line up get tested or get the vaccine, get back to normal i do think most of the industries badly affected, sports, leisure, hotels, restaurants, you can reopen this stuff pretty fast.

david kelly from jpmorgan, mona mahonage from allianz global join us right now.. david, i'll let you start off. it has been a month lying no other for the fed. what should we expect today? action, no action, is what really matters, the statement and the press conference >> yes, i think it's all about messaging, i think the fed wants to show some empathy, acknowledge the extraordinarily weak situation the economy is in right now. i think they want to express some determination to do whatever is necessary to help the economy through this very difficult period and i do expect that jay powell also will express some optimism that we will get through this and that the economy will bounce back strongly in 2021. once we have dealt with this medical issue. >> you know, mona, kelly was just having a very interesting conversation with her prior guests, including greg ip, where she said, does the very fact that the fed says, we'll do whatever we need to do, mean that maybe the fed won't need to do whatever it needs to do >> yeah, you know, clearly, the messaging from jay pow

let's bring in david kelly, jpmorgan chief global strategist. look, what we've got here is a dreadful economic picture and i don't think we've gotten a full picture yet. it's going to get worse. yet the market seems to be holding up reasonably well. what do you make of this? >> well, we are already trading down 25% from where we were on february 19th. we already had a pretty significant correction. i think people have asked me is this like the depression or great financial crisis and i think the big difference is this. look, this is going to be horrible in terms of unemployment but there is an ending to this. at some point, we will have a vaccine in place, we will have better treatments in place. we are not talking about years from now, we are maybe talking a year to 18 months. we all want it to come sooner but when that day comes, this economy will come surging back. we have a full stall and a surge. stocks are based on the value the companies provide for decades into the future so yes, 2020 is a write-off, it's dreadful. the first part is goin

the bbc‘s david eades caught up with the kelly family to see how they were getting on with life in lockdownreans have actually dealt with it really well. i think social compliance here has been pretty high. you don't see the kind of stuff that you've seen in the us, people going to the beaches, people refusing to stay off subways and stuff like that. i mean, south koreans have actually really responded really well. and that's why the curve hasd flattened, right? i mean, the cases are down now to, like, only 100 a day. so it's actually been pretty successful. sorry, my kids are... no, no! you must never — that is one thing you can never apologise for now. it's part of the scene, isn't it, it's what we expect. but in a sense, also, we're living in a world, robert, now, where working from home, that tele—working phenomenon, is something we all have to deal with. people see this, they might have laughed and loved what they saw a couple of years ago, they can empathise now. this is a new way of working. and i guess it's transformational? yeah, i mean, it's pretty tough for us. as you can, see it

the bbc‘s david eades caught up with the kelly family to see how they were getting on with life in lockdown actually dealt with it really well. i think social compliance here has been pretty high. you don't see the kind of stuff that you've seen in the us, people going to the beaches, people refusing to stay off subways and stuff like that. i mean, south koreans have actually really responded really well. and that's why the curve hasd flattened, right? i mean, the cases are down now to, like, only 100 a day. so it's actually been pretty successful. sorry, my kids are... no, no! you must never — that is one thing you can never apologise for now. it's part of the scene, isn't it, it's what we expect. but in a sense, also, we're living in a world, robert, now, where working from home, that tele—working phenomenon, is something we all have to deal with. people see this, they might have laughed and loved what they saw a couple of years ago, they can empathise now. this is a new way of working. and i guess it's transformational? yeah, i mean, it's pretty tough for us. as you can, see it's very di

so you see the stock trading not just from kelly loeffler, but questions have been raced by david perduei'm running to unseat, and whether he was using that same information to trade in his personal stocks, because he does not have a blind trust, but you also see the ideological self-interests in of course rolling back the epa standards in a time of crisis, in texas using this moment to ban abortion, but promote gun sales. you know, then here in georgia we actually have an effort to move the primary from may 19th, which at first we thought was because of public health and the republican leaders that were advocating it just blatantly said, no, we don't want in-home mail-in balloting, because too many democrats vote and we'll have to take it back to the in-person voting that we have a leg up in voters suppression techniqueses. so we have to stop with the solicit dealing and come together to be the states men and women that the hear congressman crist and others talk about. it's too important. >>> indeed. let me quickly bring in ruben g gallego. we also have had this week an aircraft carrier

kelly and ryan!" today, from the series, "seal team, david boreanaz. plus, here comes the bride and groom.vering for her community. also scams and fraud warnings as we continue "live"'s "coping with covid week." all next on "live!" ♪ and now, here are kelly ripa and ryan seacrest! >> kelly: hey, good morning there. it is tuesday, april 28th, 2020. guess what today is? >> ryan: tell me.

david world southwest air. we'll bring in southwest air's chairman and ceo, gary kelly before i bring in gary, he had a loss andt is not southwest's way, which means this industry is doing something that i'm sure he has not seen. gary, i will give you the floor. you do not have losses that's something that southwest doesn't have >> well, yeah. good morning, jim. these are obviously extraordinary times. and we had a great first quarter going. we had a strong january, strong february saw no signs of covid-19 issues until the end of february. and, you know, the drop in bookings, the increase in cancellations, the drop in traffic in march was breath taking so here we are you know, the good news is that southwest is very well prepared. we had excess liquidity coming into the crisis. we had the lowest level of debt to total capital in our history. over $10 billion of unencumbere airplanes available. you have to be prepared for the unexpected and this meets that definition you know, this is a real challenge. >> you have 20% load factor and estimated daily cash burn of 30 million, 35 million. what can you make so we al

david salomon, ceo of goldman sachs. brian moynihan,, co-ceo of bank of america. and charles sharf, ceo of wells fargo, michael corbett, ceo of citigroup, al kelly, ceo of visa, michael mibach, ceo of mastercard. noah wilcox chairman of grand rapid state bank. and we had numerous others also on the call. i just appreciate them. we are, we're way ahead of schedule by the way, we're way ahead of schedule. the paycheck protection program has been incredible. so based on the incredible success of the program i'm announcing that i will be asking congress to provide an additional $250 billion for the paycheck protection which will help keep americans employed to facilitate a full and quick recovery. we're doing very well. we're looking very bipartisan. a lot of people want to do it. the plan is amazing. they're processing hundreds of thousands of loans. these are the big banks doing it, community banks. but the biggest banks right now in our country are doing it and they're doing it for a lot of reasons, one of them is they want to help people the w.h.o., that is the world health organization receives vast amounts of money from the united states and w

david solomon, ceo of goldman sachs. brian moynihan, ceo of bank of america. gordon smith, co-president, coo of jpmorgan chase. charles shaufr, ceo of wells fargo. al kellyhael m micha michael -- we had numerous others also on the call and i just appreciate them. they are -- we're way ahead of schedule, by the way. we're way ahead of schedule. the paycheck protection program has been incredible. so, based on the incredible success of the program, i'm announcing that i'll be asking congress to provide an additional $250 billion for the paycheck protection. er if which will help keep americans employed to help facilitate a quick and full recovery. we're doing very well. we're looking very bipartisan. a lot of people want to do it. and the plan is amazing. you know, they're processing hundreds of thousands of loans. this is the big banks that are doing it, the community banks. but the biggest banks right now in our country are doing it, and they're -- they're doing it for a lot of reasons. one of them is they want to help people. the w.h.o., that's the world health organization, receives vast amounts of money from the united states. and we pay for a majorit

david solomon, ceo of goldman sachs. brian moynihan, ceo of bank of america; gordon smith, coimpeachment, coo of jp morgan chase; charles scharf, ceo of wells fargo; michael corbett, ceo of citi group; al kelly michael vribok ceo of mastercard, michael wilcox, ceo and chairman of grand rapids state bank. and we had numerous others also on the call. i just appreciate them. they are -- we're way ahead of schedule, by the way. we're way ahead of schedule. the paycheck protection program has been incredible. so based on the incredible success of the program, i'm announcing that i'll be asking congress to provide an additional $250 billion for the paycheck protection, which will help keep americans employed to facilitate a quick and full recovery. we're doing very well. we're looking very bipartisan. a lot of people want to do it. and the plan is amazing. they're processing hundreds of thousands of loans. and this is the big banks that are doing it, the community banks. but the biggest banks right now in our country are doing it. and they're doing it for a lot of reasons. one of them is they want to help people. the w.h.o., that's the world health organization, receives vast amounts of money from

kelly and ryan!" today, one of the stars of "the neighborhood," max greenfield. and from the serious, "the baker and the beauty," victor rasuk. plus a performance from grammy award-winning david next on "live!" ♪ and now, here are kelly ripa and ryan seacrest! >> kelly: hi, there. good morning, everybody. it's april 9th. thursday. almost there. almost to the weekend. >> ryan: making our way