rich gelfond, thank you. >>> closing bell ringing in 29 minutes. any time -- now look at the dow, up 517 points. by the way, regarding the nasdaq, it is now back above both its 50 and 200 day moving average. fintech, financial technology, getting in on the action of the paycheck protection program. square, paypal and intuit all getting approval to provide small business loans to struggling companies out there who need them. clients of the non-traditional lenders will now be able to apply for low interest forgivable loans from the government's $350 pool. they are all moving higher by 4% apiece. >>> up next, we will get you an update, the very latest numbers on how the ppp is performing. the personal paycheck protection money. and we will tell you what other silicon valley power player is doing to try to keep the doors open at the microbusinesses that use its web services. the godaddy ceo is here next on "the claman countdown." i've got some terrific news for veteran homeowners from newday usa. interest rates have dropped to record lows. newday usa m

joining us right now is richard gelfond. he is the ceo of imax.le looking to you and what's going on in your business to try to understand what may be coming to the united states and when we may all open up and what that even looks like because movie going has long been part of what it means to get back to some semblance of normal help us with how you're seeing all of this. >> andrew, the conclusion one has to draw is nobody really knows. i guess i'm in a position talking a lot for the studios and the exhibitors in asia, europe, and the u.s. to be in a decent position to make a guess, but i don't think -- >> it's yours. >> the deeper you dig, the less confident you are. so i think in china the theaters are likely, most of them, to open in june what's going on there is the schools are just beginning to open in china next week. mostly the seniors and the high schools. after that they're talking about the junior high schools and the elementary schools i think you'll see a beginning of the opening in may, but most of them opening in june. in north ame

joining us is richard gelfond.ichard, good to see you thanks for being with us >> thank you, becky. >> let's talk first of all just about the company's positioning. you've made it pretty clear that you think you're in a strong financial position and that you can weather any of these closures that we've seen around the globe. >> yeah, we are very -- we do have a very strong financial position we have about $350 million in cash our burn rate is about $10 million a month even before we do moredrastic things, which hopefully won't be necessary, so we're in it for the long term. we have been around for 50 years. we have a global brand we found out yesterday that china said starting june 1st they're going to start reopening theaters there so we think we're very well positioned >> when you say more drastic things, what do you mean what steps have you taken today? what would be the next line of defense if you need to take more drastic measures >> well, i don't think drastic measures will be needed. in fact, we haven't real