shares of gm up more than 5%. gm reporting better-than-expected quarterly earnings. of new pickup models , which helped gm pilot more than $33 billion of cash to see it through the crisis. we will hear from the cfo later this hour. uber reducing its workforce by 14%, and more cuts likely. that is 3700 jobs that will be eliminated in the first round of cuts. most of those will be in support and training. the ceo wrote in an email to staff that ridership is down significantly since the start of the coronavirus pandemic. u.s. antitrust regulators have signed off on a 63 billion-dollar deal, tearing the way for abbvie to acquire botox maker allegan. free toanies are resolve competitions by selling for crohn'sent disease. that is your latest bloomberg business flash. still ahead, we will hear from randall woodfin, mayor of birmingham, alabama, as his city begins to reopen. this is bloomberg. ♪ ♪ taylor: this is "bloomberg markets." as we were mentioning, sort of a risk on tone, and as we have been continuing, some of that optimism has been deteriorating. as you can see, w

announced it took down money lines, $2ving credit billion in gm financial, after already amassing 33ollars in liquidity. as you look forward, what tells you you are going to need that extra money? : if you think about our liquidity, we have said we wanted to run a very strong investment balance sheet. that has come in handy in these times. we did and the first quarter with a strong liquidity position of $33.4 billion. david, it is difficult to anticipate what is going to happen, but we are taking steps to protect ourselves, whether it revolver andor suspending dividends and share repurchases as a precautionary measure to make sure we have additional liquidity. we are comfortable with our liquidity position now. it will take us well into q4, even in a scenario which is pretty onerous with zero production. restart, talk about when we have a restart, liquidity levels will recover. so i would say these actions are precautionary and proactive actions to make sure we have additional liquidity offers in place. what we are focused on now is to safely restart the plants and get production up

talking to a gm executive, it's a layer of things. it's the handwashing stations, the breaks, the one shift. not just one thing. not just the social distancing. also the ppe. the company is confident that they can get this reopened but again, it's important to note the priority here is making people feel comfortable. that's what the company says, not in making automobiles. not for a couple of weeks. getting things slowly back, stephanie. >> and are people comfortable? what are the workers saying? >> you know, there's a lot of nervousness. everybody has the same priority to stay healthy, to stay safe and keep their families healthy. we've been talking to workers about coming back. take a listen. >> it has instilled a lot of uncertainty and fear primarily. that's what it's done. obviously, it's not just slowed pontiac down. it's slowed the whole country down and even globally so. everybody's uncertainty is focused inward right now. everybody wants to keep themselves safe. >> this is the balance that everybody and the country itself is t

that would be a positive i would much rather be in gm than ford. >> coming up, shares of uber make a u-turn in the after-hours session and what the ceo said on the call that's got the stock reversing course and later, a bitcoin bombshell and our own bitcoin baller, b.k., will join us with his take when "fast money" returns. these days staying connected is more important than ever. so we're working 24/7 to maintain a reliable network, to meet your growing internet needs. we're helping customers who are experiencing financial difficulties stay connected. we're increasing internet speeds for low income families in our internet essentials program. and delivering self-install kits to your door. nos comprometemos a mantenerte conectado. we're committed to keeping you connected. for more information on how you can stay connected, visit xfinity.com/prepare. >> welcome back to "fast money." we've got an earnings alert on uber shares are soaring after reporting results and this after an 11% game in the regular session. let's get to deidre bossa. >> melissa, shares turned positive as the call k

i talked to the gm sheet financial officer dhivya suryadevara and asked the question about when they plants back up and running and when they can replenish the inventories of those precious pickups. dhivya: inventories are something we are watching. we are well-positioned on most car lines and we came out of the year and have had leaner inventories. it is going to be helpful in the -- from a pickup perspective, we do find ourselves in a situation where we have lower inventories, but the good news is the dealers have gotten experienced at managing through the constraints they are seeing in the product and how to date deep into inventory and still maintain sales. that is the good news. as we think about the plans returning to work, we are targeting may 18, that should help us address the shortfall. david: gm announced its first quarter earnings and announced it took down money from revolving credit lines. something like $3 billion in the automotive. that is after amassing something like $33 billion in liquidity. as you look forward, what tells you you will need that extra money? dhivya

. >> i've given the servers, bartenders, gms and owners. >> how the man known as the tequila fairy is lifting people's spirits during tough times. a tequila fairy, mike. >> what do i have to do to get that? lose a tooth? >> you have to lose some teeth, mike. put one under your pillow and pray. >> right. what do i have to lose to get that? oh, my goodness. yes. a lot of people will be drinking those types of beverages today and i don't blame you. it is a holiday. it is memorial day and a lot of us like to cook out and hang out with friends and unfortunately we're in the predicament we're in. you don't want to drink alcohol when you're hot and outside and it dehydrates you even further. that's my health tip for the day. we're already starting warmer than yesterday. temperatures from the low to upper 50s. 52 to 57 our spread across san francisco and temperatures mid 50s to low 60s in most neighborhoods and pittsburg 69 degrees. that is one of the areas in 70s for lows for the next couple days. pretty quiet as you would expect. spare the air if you're driving and hopefully the ac can keep

i liked gm and it hasn't been a great trade. we've seen their credit improve dramatically it would be one of the things to move quickly >> brian kelly. >> for me, it's biologically possible to be on the same side of the boat as 9 rest of the crowd. if we have a vaccine, we see everything that goes up today. you want to sell into that rally. i'd be selling into biotech, the reason why is, everyone has been focusing on this one problem it's going to take a while to get there, there's going to be a rally into it. i'm a seller of biotech. somewhat contrary, but that's what i do. >> to me, it would be the u.s. treasury, etf. the rates have been going down for the last year, the 10-year treasury has seen to have found a home you may see rats going back higher here. obviously it's been a pretty decent trade to be long tlt. i would see that reversal if there's some confidence about a vaccine this year or early next. >> as stocks sore today, the next guest says we're in the recovery portion tony, always great to speak with you. >> in ter

. >> all right jim, ed in new jersey, do you like gm without its dividend gm reports its earnings onednesday. >> right so yes, the answer is yes. i'm very interested in what those earnings look like i believed that they could be profitable in a $10 north american sales rate environment. we are below that but starting to come back jd power sees the month of may materially better than april and an interesting side note in china, april sales of autos greater than a year ago. come just greater than february or march but a year ago. china is a big market for gm so a lot of bad news is priced in maybe not the good news is priced in. >> wow so you think -- you have a target on this thing, jim? >> well, you know what the nice thing, scottie, it is easy to say $27 and realize that's a heck of a nice return from here so let's talk about it at 27. >> okay. fair enough. steve weiss, to you from abe, what is your outlook on twitter? >> it's not very good. so jack dorsey, it's been controversial because he is ceo of twitter and square. so twitter got the best it could get. i think fundamentals are

gm has been around for 70 years. you can do that with them.an do that with caterpillar, with ibm, not to say that one era is going to be the same as the other but you're normalizing somewhat and saying let's average this in with the other nine years where there wasn't a global pandemic what are the earnings power of a company like this typically? to that's the enlightened way to do it. the other way to do it is just not play so you have a stock that's technically in no man's land, forget about the dividend, that used to be the thing that attracted people to the name, okay, that's off the table, so what are you really buying it's a piece of paper. do you want to buy it while more people are coming in to buy it or buy it when it's unclear what the direction might be of buyers and sellers? that's why i would look at this technically. i would just say, there are 3,000 publicly traded companies in america why do you have to own this one? because you've heard of it because you drive a chevy tahoe? what's the reason? on what screen would this pop up

more importantly, chuck, 700 pieces go into that ventilator, and gm was able to use its manufacturing platform to go out to its supply chain to replicate virtually all of those here on domestic soil. so using the dpa, we were able to move an incredible speed, innovative, and bring ventilator production right here to domestic soil. that for me is a microcosm of what we're doing. honeywell, we opened two victories. one in arizona and one in rhode island. that was done using the dpa in five weeks as opposed to nine months. so we're using the dpa whenever we need to. and we're using it quite effectively. >> well, you're making a strong case for how the dpa can be effective. and what these senators are asking is use it more, use it more to ramp up the issue, for instance, of testing kits, but more importantly, the supplies it takes to process those tests. it's still something we lag behind on. what's wrong with using dpa to surge those supplies? >> senators are looking in the rear-veer mirror. we had the same discussion six weeks ago about ventilators. they were saying the exact same thing

shares of gm are much higher this morning stay tuned right now up about 6.3%.ll be right back. >>> still to come this morning on "squawk box," ted cruz and the cfo of general motors two big interviews you don't want to miss we're right back with both of them right afterhi ts. >>> news from the treasury department right now rick santelli joins us with the big headlines. hey, rick. >> reporter: it's like back to future, joe. 20 year, what was very popular back in the '80s are bringing it back bringing 20 billion of the 20 years back and if you look at the may refunding announcement, joe, it's all about size, size, size it's one of the biggest on record if you just look at how many tens, 30s, threes will be auctioning off from the first of the may refundings, 96 billion that's by far the biggest we had in that 20 year. then you think about the second quarter in general second quarter refunding when you put it all together will probably be in the 330 billion camp versus 240 billion in q1. roughly 35, 36, 37% more that's really the story here it's about supply. it's

. >> ladies and gentlemen, please welcome angela weathers, the gm manager. [applause] good afternoon, everybody and welcome. my name is angela weathers and i am the plant manager here at ford. it is great to have you join us today and thank you for coming to honor the work we are doing. our country and our company runs throughout our veins and when the crisis began, we all wanted to find a way to create the equipment that the country needed. our team has stepped up and worked tirelessly for a common cause. our workers both hourly and salaried have done their very best to put safety first. to stay safe, strong, and on the job. i do want to take a moment to ask our team members to remember all of our health care workers, first responders, a central workforce that have given their lives in order to serve and protect the public during this extraordinary challenge in our country. it has been a privilege leading this team and i am so proud to be part of the ford motor led effortlessly by bill ford. without further ado, please help me give a standing ovation from i

neumann versus softbank suing the japanese firm and the deal overtaking gm and ford and no, it is not tesla but speaking of tesla, appearing to qualify for a massive pay dday days after tweeting out the stock was you too high averaging over the six months. if that occurs, it will trigger mu'sayn $700 million payd i sk contract. futures back up 150. we are back after this feels like there's no barriers between departments now. servicenow. the smarter way to workflow. across america, business owners are figuring things out. finding new ways to serve customers... connect employees... and work with partners. comcast business is right there with you. with a network that helps give you speed, reliability and security. and enough bandwidth to handle all your connected devices. voice solutions like remote call forwarding and readable voicemail. and safe, convenient installation. when every connection counts, you can count on us. get the connectivity your business needs. call today. comcast business. >>> will there be a reopening rally or realization that we have a long way to go as a nation t

emily: gm cfo with our own david weston.oming up, there has been a big debate in silicon valley on who should be taking ppe loans from the government and who should not. we talked to one recipient coming up. this is bloomberg. ♪ emily: welcome back to bloomberg technology. the trump administration has extended the deadline for companies to return their money from the paycheck protection 14.ram or ppp, to may there has been some controversy about whether that money has reached businesses that needed most. joining us from work, phil libin. he is also the former ceo of evernote. always good to have you here on the show. talk to us about the process. how much money did you receive? what was the process like? why did you feel like you needed it? phil: nice to be with you. hurriedess was kind of and uncoordinated like everything else at the last minute, but it worked out. we were able to get the funding. we got about $830,000 from it. it worked well. we are using it for exactly the purpose it was intended. i'm trying hard to not l

and perfected managerial. >> you are right with me because here is where i am going right to gm and ford. so first the default model the logic of accumulation for silicon valley because they don't have an obvious product and there are many ways that these companies could have figured out how to modify and value and institutionalize the value proposition for actual people who are now called users. that they didn't do that because as soon as this path was discovered as the crow flies they skipped over those difficult institution building that they describe they took that snippet about creative destruction and left behind all the important learning about the years and decades and centuries it takes for those new models of economic production that aligned with the real needs of people in society. >> straight to the new monetization process for now because of surveillance has been so lucrative and startling successful we see companies in every sector migrating in this dissection and there is where we come full circle to ford motor where mass production bega began, with the breakthrough t

shares of general motors are up more than 5% with gm reporting better-than-expected quarterly earningss of new pickup models were soaring. full-time pickup deliveries rose 27% in q1 which helps g.m. pileup more than $30 billion in cash. is reducing its workforce by 14% and says more cuts are likely. 37 hundred jobs will be eliminated in the first round of cuts. most of them will be in support and training. email torote in an staff that ridership is down more significantly than -- since the start of the pandemic. wendy's is having temporary problems in getting beef from suppliers. they are shifting its marketing to focus on chicken. wendy's reported same-store sales picked up last week after plunging the first part of april. that is your latest bloomberg business flash. it's the end of the day in europe with european markets got a diversions. the ftse 100 is outperforming the continental market and we are rolling back over toward session lows now. the health care sector and utilities doing much better today. oil and gasoline losing in the dax down by 1.2% and the similar story on the ca

. >> ladies and gentlemen, please welcome angela weathers, the gm manager.applause] good afternoon, everybody and welcome. my name is angela weathers and i am the plant manager here at ford. it is great to have you join us today and thank you for coming to honor the work we are doing.

john patiently will johj say fiefiba” ' johj say we talk; gm sf . sf johj say we if”- .: grfv we if . iff”- .: ,‘ that e if . if johj say we agofljer: stay 1at e if . if a re are for the next - weeks, the next - to eks, the next- to see more ”eole to co back encouraging more people to go back to work. i think there's a nervousness about if we start lifting these restrictions too quickly, will he see a rise in cases again ina quickly, will he see a rise in cases again in a second piece? —— second peak. people are quite used to the stay messages, even though there are some problems. some people aren't in a great rush to going back to work, so how do you tell people it can be done safely —— safely? so how do you tell people it can be done safely -- safely? i watch all of those briefings at about five o'clock. 0fficial after official saying lockdown, lockdown, lockdown. then a few hours later, i get the next day's papers and all of a sudden, flooded with dates coming out almost every day. now we have another suggestion, may the 26, june the 12th. how do we reconcile the briefings that we see

gm, ford, chrysler will start production next week it's clear he's anxious to join them in those rankswhat is your insight, steve, as a former california state controller about the internal politics of this and whether this kind of threat would play -- obviously it is county officials being called on the carpet by mr. musk here, not state officials, but what is your sense of allowing mr. musk to reopen? >> california is the world's fifth largest economy. i don't think they're impressed. as you discussed, there are not a lot of 10 million square foot facilities out there just for the viewers to get a handle around this, costco is 100,000 square feet. this is the equivalent of100 costcos side by side by side that would be awfully tough to move but there's a broader question here and that is california led the nation, one of the first places do that lockdown, in the bay area where i live and where the tesla headquarters is came a few days before the state, and as plus we bent the curve so it raises the question, would we have handled this like new york did or any other state? no we handle

the short story is 17 days it took for gm and ventec to stand up a factory and an additional three dayss. and fema to get those ventilators into hospitals in gary and chicago. here's the bigger story, what gm did was they went to ventec's facility, 3-d imaged that, they 3-d imaged all 700 components of ventec's supply chain and they replicated that plant, they went across their whole supply chain, repurposed that supply chain to make those 700 components. and those ventilators were made in 17 days, made in usa. 97% of the content in those ventilators was made in the usa. what does that tell me as an exist? it tells me as we move through the structural shifts we'll have to navigate carefully as the world has shifted and the economy has shifted, we see a path forward with this repurposing. innovation, the manufacturing, the flexibility and the speed with which this was done was breath taking. i found it comical a day which will be marked in the history books on wednesday was not marked in the newspapers. all the newspapers wanted to talk about is who and who wasn't wearing masks that day.

cott bell, gm canada president and director. this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn in new york, this is amanda lang in toronto. the number of americans seeking unemployment benefits remain in the millions for the eighth thisght week, 2.98 million week. we see the numbers continuing to rise, even after the country reopens. our guest joins us on the phone from miami. we were talking about jobs not coming back, potential structural unemployment. how much of it do you see? this: quantifying it at point is going to be very difficult, and i appreciate the question because it is a very important one, that we think markets are going to have to grapple with and not only over the next month, as we talk about state-by-state reopening, but for the balance of 2020. the complicating factor is we cannot get a clear read of what true final demand is right now for a few reasons. one, as you mentioned, high-end employment rate, a lot of workers that have been affected negatively like this. there will be a pretty

however, that's a lot less than the 2.2 billion that gm earned during the same time last year. although it is better than the losses that ford and fiat chrysler reported. gm and ford plan to restart their plants on may 18th after they work with government health officials and the uaw to make sure workers are healthy when they return. >>> some restaurants in san mateo may soon open their doors and do so outdoors. it's not just on the sidewalks, but in the streets. the city is considering a plan to ban cars from parts of b street at 25th avenue so restaurants can fit more tables outside. supporters say that would boost compliance with social distancing guidelines. today we spoke with the mayor of san mateo who says he thinks this is one of the only ways to keep restaurants and business. >> we are trying to create spaces outdoors, in the open air , where people can sit down and eat. as the governor's plan is implemented into phase two and three, we know that because of social distancing restaurants aren't going to be able to use all of their tables. in order to pay the bills and o

are stuck at the red light at this hour with fiat chrysler down about 2%, ford following by 1.33%, gmthan 1%. >>> football fans may be itching to get back into the stands, but this spectator sport may not be allowing crowds at all into their stadiums any time soon. charlie gasparino joins us with exclusive details on the next nfl season. i said this morning to my son, i miss football season even though this isn't even the time for it. charlie: yeah, me too. me, too. baseball, as we reported a couple days ago, executives tell me it's likely to happen. what we can say now is football is definitely going to happen. i'm getting this from sources inside the league. some owners. here's what we know. thursday night, at least that's the target date, the nfl is likely to post the 2020 schedule. so you will get to see what teams are playing, where they're playing, and you will get a feel of what the season is going to look like amid the pandemic. so watch thursday night is the night that is when they are likely to release the schedule. we will see if that holds. but as of now, it's thursday nig

. >> the mall's gm said companies are working on the proper protocols to reopen and she is hopeful that normal shopping levels will resume sometime in mid-june. >>> new video this evening from the coast guard of a drug seizure off the central american coastline. a vessel carrying more than a ton and a half of cocaine spotted from a ew was s ey fothe led drugs and four people on board. the drugs had an estimated street value of more than $50 million. >>> like a masks, gloves and toilet paper, plexiglas is a hot item and business is booming for an east bay fabricator. plexiglass barriers are becoming a common sight inside of supermarkets, restaurants, coffee shops and stores. in fact, the demand is so high that some companies are running out of the materials. the manager of tap plastics in san leandro said the demand is unprecedented. >> in 40 years, i have never seen anything like this. this is a frenzy. it is out of control. it is amazing. a sales e manager said they hav sold thousands of sheets to protect front line workers and now they cannot even get full sheets of plexiglass anymore

meanwhile, the vice president was at a gm plant in his home state of indiana today notably wearing a mask two days after coming under heavy fire for not wearing one at the mayo clinic of all places despite their stated policy calling for masks. back in washington, the president was asked if he plans to wear one during an upcoming trip to arizona. >> i've got to look and see where i am. here's a place that we all feel very comfortable. everybody's spread out. it's a very big room. but as far as where i'm going in arizona, i'm going to have to look at the climate. i would have no problem wearing a mask. we have millions of masks. >> here for our leadoff discussion on a thursday night, two of the very best "the washington post" has to offer. ashley parker, pulitzer prize-winning white house reporter, and robert costa, national political reporter. he's also the moderator of "washington week" on pbs. also joining us tonight, ron klain, a political veteran now informally advising the biden campaign. notably he oversaw the response to the ebola outbreak during the obama presidency. he is th

last year, giants pitcher derek holland demoted to the bullpen and took it out on new gm, fohan. >> 1970t a milestone home run into the wrigley field bleachers. >> he did it. ernie banks. >> the sharks beat the predators in seven games and advance to their fourth conference finals. the post game scene in the dressing room was suddenly cramped for joe horton. >> where did you guys come from? >> raptors, game seven. hawaii sent toronto into a frenzy. check out the photo from that moment. >> and we know how the late show with steven colber is next. - [announcer] the following is a paid commercial program for better bladder, sponsored by trusted therabotanics. are you always checking out the location of the nearest bathroom? do you have trouble sitting through a movie without a bathroom break? are you afraid you'll have an accident when you sneeze or laugh in public? are you constantly getting up throughout the night because you have to go?

shark's gm wilson said while they're disappoint they'd won't be in the post tournament, they were alreadyl into their season review process. if there is any league that might be willing to blow itself up right now of course it's baseball. and they're staying on brand. the proposal from ownership to players is that the highest paid players get somewhere around 30% of their normal salaries. right. that is a 70% pay cut for guys like bryce harper and the biggest stars in the game. the argument fromn with no fans means a lot less revenue for them so they have less to play the players. my prediction is this proposal will be summarily rejected. >>> bad times in the a's organization. the team is furloughing scouts and also some front office employees. others are taking pay cuts. in addition, the team is told their minor leaguers that they would not continue to pay them each $400 per week starting in june. >>> the nba has not put out its plans for restarting, but damian lillard says he won't play if the trail blazers don't have a legit chance at the play-offs. portland was 3 1/2 games out of the

real life conversations in a new language lih, fnch, gm.abbel's 10 to 15 minute lessons are available as an app or online. more information on, babbel.com. raymond james. the freeman foundation. by judy and peter blum kovler foundation; pursuing solutions for america's neglected needs. and by contributions to this pbs station from o this is "outside source" bbc news. are covering all the latest coronavirus developments here in britain and globally. the u.s. renews its attackra on nuworld health organization over their response to the coronavirus pandemic. >> the was a failure by this organization to obtain information the world needed. that failure cost many lives. >> all a transparency and ath .eonspbisityli ym new sptoms to look for if you think you have the virus in the u.k., a loss of smell or taste. heofeeks on from one asorniza htincon laua hed at il meeting of the member states. heas health secretary alex azar says the who failed toma obtain the infon the world needed, which meantives were lost ding the pandemic. lhave a listen to wh

and detroit's automakers also plan to resume operations today including ford, gm and fiat chrysler. collectively workers at about 40 plants will return to their jobs. >>> governor newsom is making a stop in the bay area today. he plans to give his daily address up in napa, talk about what's going on up there. in his visit is just coming days after dozens of people rally to reopen the city and county. organizers say more businesses are ready to reopen safely but they can't because of health orders. >>> well, the number of positive cases of covid-19 continue to rise here in the bay area. since our last update there are 68 new cases in four different counties. that means overall the bay area has nearly 11,000 confirmed cases and close to 400 people have died. a bay area bakery chain is closing all tomorrow. get this, specialties is going out of business after 33 years. now it's based in pleasanton and has 55 stores in three states including about 2 dozen in the bay area. the company blames the recent economic downturn. we spoke with some of the regulars who can't believe it. >> i think

you have big names like gm, disney, marathon oil, paypal joining us is jeff kilburg good to chat with you this morning. futures are down about 240 points you know, you look at earnings and you do wonder how much are they going to ultimately move markets given that everybody just wants to hear about guidance, not what has happened. what's your take >> you bring up a great point, sully. good morning i'm looking for guidance but s&p 500, which we have 150 s&p 500 reporting this week, they're pulling guidance i get that, due to the pandemic they're having a hard time providing visibility in the future but i do have optimism from last week the big tech earnings if it's microsoft, if it's amazon, apple, some of these names, even facebook, they gave a lot of stabilization comments about the month of april that was kind of unexpected. if you look at the s&p 500, sully, basically from the last three weeks we haven't moved we've been pegged at 2,800 i get excited about the cross-section of earnings this week because i think it will give us more and more clarity. that's the biggest component of

musk is questioning the actions because toyota restarted prus today and ford and gm plan to start next monday. we're live in fremont. he is tweeting again. what's he saying? >> back and forth between musk and government officials have gone very public. it's gotten nasty at times. the confers between and among the folks have been ongoing for quite sometime. they were close to reaching an agreement to allow reopening next monday. late today musk confirmed he moved it up a week. >> shown from sky 7 the parking lot at tesla manufacturing plant was teeming with cars. a sign a good number of the employees were back at work. on twitter ceo confirmed it. tesla is restarting production today against alameda county rules. i will be on the line with everyone else. if anyone is arrested i ask it only be me. >> it's a bit disappointing it appears they are going forward. i can tell you that the communication between the health department and the public health officer who makes the decisions are ongoing still. >> tesla restarting production is a violation of the alameda county health department order

he wore a face mask while touring a gm plant yesterday after he was criticized for not wearing one at a testing facility earlier this week. and stay-at-home restrictions will expire in several states today as the u.s. jobless counts 30 million. state and local leaders are trying to balance public health and the economy. ♪ >> good morning, everybody. it is friday, may 1st. can you believe it? i'm yasmin vossoughian. the president says he has seen evidence that shows that the coronavirus came from a lab in wuhan. just hours before that, though, the office of the director of national intelligence put out a statement saying in part this, the intelligence community concurs with the wide scientific consensus that the covid-19 virus was not manmade or genetically modified. the we will continue looking at information to determine whether the virus came from infected animals or if it was the result of a laboratory in wuhan. while the statement clearly says the investigation is still ongoing, the president made these remarks when pressed yesterday. >> you said a moment ago you will soon have in

servers, bartenders, gms.as just hoping to lift spiri spirits. >> and those who received the bottle said it's not about getting free stuff, but knowing they aren't alone during this challenging time. that is very nice. and not many of us would refuse a bottle of tequila, especially now. >> no, no, no. thank you, fairy. >> yes, thanks to that fairy. >>> coming up new at 6:00, a new way to travel during the pandemic. what you may have a hard time finding in stores. >>> plus, the grand return to space after almost a decade. nasa is counting down to the moment that astronauts leave again from u.s. soil. you'll hear from one astronaut on that mission. >>> almost time for s that could mean an increase byin energy bills.. you can save by using a fan to cool off... unplugging and turning off devices when not in use... or closing your shades during the day. stay well and keep it golden. means they won't hike your rates over one mistake. see, liberty mutual doesn't hold grudges. for drivers with accident forgiveness, li

gm doug wilson is happy the league has a plan, even if his team isn't a part of it. >> i think it givespeople the ability to turn off listening to all the, you know, the heart breaking stories you hear and the health issues, today was coming up with a format. but i know everybody will differ to the proper health officials when it comes down to decision making. >>> twelve teams in each conference entered this new tournament. the top four seeds will not be part of the qualifying round, ha and vegas are two of the ten cities under consideration to host the games and more importantly, training camps won't start before july 1st. baseball continues to ponder its return, the a's will furlough roughly half their front office employees and reduce salary of many others. they will also stop paying minor highway players at the end of the month. may 26th. what happened on this date in sports history? give me the top five. 2014, french open, nichlas loses his first round match unknown to the reporter in the press room. >> congratulations. 2013, the blue jays walk it off against the o's and toronto's

the gm says that includes changing out all the filters in the air circulation system and the national guard will be here on monday to do the final packing and shipping of all the medical materials. now, again, they are preparing for an opening, but they don't know when they'll be able to get back to their scheduled events. we're live in santa clara, nbc, bay area news. >>> thank you. and some more positive news, national health leaders have given the green light for the first rapid covid-19 antigen test. they gave authorization to southern california based diagnostic health care manufacturer. the company says its test can provide results in minutes, and they can be used in doctors' offices, even workplaces. it cannot detect all active infections. there is a higher chance of false negative, but positive results from the antigen test are said to be highly accurate. health experts say this test will give doctors the ability to test millions of patients every day. coming up at 6:00, dr. peter chin hong will talk more about this new option for testing that could potentially save lives. >>>

last year, giants pitcher derek holland demoted to the bullpen and took it out on new gm, fohan. >> 1970 years ago, ernie banks hit a milestone home run into the wrigley field bleachers. >> he did it. ernie banks. >> the sharks beat the predators in seven games and advance to their fourth conference finals. the post game scene in the dressing room was suddenly cramped for joe horton. >> where did you guys come from? >> raptors, game seven. hawaii sent toronto into a frenzy. check out the photo from that moment. >> and we know how the late show with steven colber is next. captioning sponsored by cbs >> happening today: major league baseball plans to present a proposal to the players association to proceed with the season. the league and team owners have agreed on a shortened regular season beginning in early july with no fans at games. >> there's a pop fly to left field, and allen makes the catch. and that will end the top of the seventh. ♪ ♪ and now it's time for the seventh inning stretch. ♪ ♪

. >> the automakers restarting production are ford, gm, and fiat chrysler.ew safety guidelines will include temperature checks for all workers. >>> a woman who attended a mother's day church service in northern california may have exposed 200 congregants to the coronavirus. the woman tested positive for the virus the day after the service, which was held in defiance of the state's stay-at-home order. >>> the "uss roosevelt," once in the center of controversy, is in the middle of a mystery. 13 sailors who tested positive for the virus, but later came up negative after being in quarantine, have tested positive again. navy officials say it doesn't appear as though the sailors infected each other on board the ship. 3,000 of the "roosevelt's" crew members are back on the ship as it prepares to leave guam. >>> president trump is accusing former president barack obama of being a grossly incompetent president. that response came after obama criticized american leaders during two graduation ceremonies over the weekend. the comments are being seen as another sign that

. >> they don't have the cash reserves that gm or ford have. it's highly unlikely that he would do it rashly. he might make that part of his longer-term plans, but now he does not have the cash flow to pull off that kind of move. >> elon musk also went on twitter and said that tesla will move to texas or nevada and that if the company had any manufacturing in fremont it will depend on how tesla is treated in the future. >> there may be some creative way to allow him to build some things, but not have 10,000 people back there tomorrow. that is something we can't handle. >> health officials said they were working with tesla and hope to have a plan for the fremont plant to open soon. texas senator ted cruz has already said his state would be happy to have tesla headquarters and the manufacturing. >>> three cruise ships owned by norwegian cruise lines now.the port of oakland. the ships arrived over the weekend with crew members on board, but no passengers. the port said crewmembers do not plan to get off the ships which are expected to stay in the

but our vice poodle is a quick-learner because today -- he got a tour of a gm facility in indiana. wore a mask. because he wanted to make sure i didn't want to get any of the cars sick, i guess. meanwhile, our hungry, hungry hypocrite was back at it. saying everything is great, while simultaneously blaming everyone who isn't him for why it's all so terrible. trump keeps complaining that his administration inherited bad tests, which makes no sense because, number one, you can't have a test for a virus before it exists and, number two, he is in no position to be complaining about inheriting anything. if it wasn't for inheritance, he would be the doorman outside one of the buildings your father gave you. he is also pushing us intelligence agencies to find evidence for his theory that the virus was accidentally released from a lab in wuhan. that's his new angle to feed the wingnuts, treat the virus like it was a conspiracy. >> it should have never happened. this plague should never have happened. it could have been stopped. but people chose not to stop it. >> jimmy: what people? tomorr

new gm scott harrison and evan longoria, they're willing to play wherever and whenever. >> we may not you know. if we can play baseball, i think all parties involved are -- have incentives that are live here. we want to play as many games as possible. >> understanding that there are a lot of things that are bigger than baseball and what we're doing. and when they give us the go ahead, we'll be excited to get back out there. >>> meanwhile, shaquille o'neal told usa today he thinks the nba should scrap their season. he highlighted player risks for rushing back into play-off games and says the season would have an asterisk for the champion. the nba suspended nearly two months now on march 11th when they stopped playing games. if the nba were to make a return, don't expect to see kevin durant take the court for the nets. adrian jaworski said durant is not coming back, quote, that's not happening, they're not playing it. >>> on may 10th, 198 7 simply known as the sleepy floyd game against the showtime lakers. sc record 29 in the fourth quarter, 51 total. he had 12 field goals and 39 in the

by the way, this is not only going to impact gm it's likely going to impact the entire industry.that is causing gm to slow down plans to go up to full production within four weeks essentially what's going to happen, instead of adding a second shift or a third shift at certain plants next week, it might get pushed out to the week after. again, general motors slowing down plans to ramp up production but let's be clear they're not shutting down production they're just not going to be able to ramp up as quickly as they originally planned. >> phil, thank you for that. and for backing up some of the earlier reporting that had been made around this jim, quickly, your thoughts on i guess material scarcity which is something that we've never had to deal with as a country. but now a lot of these chains are either bent or in some cases broken at least in the short-term what do you think that means for consumers, for inflation >> yeah. well, it's interesting that in discussing this whole crisis, it started out with supply chain worries and shifted on the demand side and now we're seeing the

. >> reporter: tonight, opening in compliance of state orders, the big three auto makers, ford, gm, and chrysler. workers in michigan for a phased reopening. it's in compliance with state guidelines, they aren't starting production until monday. some are struggling with the risks of reopening. food plants, deemed essential and ordered back in the defense production act. but only after applying new safety precautions. tyson foods closed, then reopened last week. but then 51 people have tested positive. today was this man's first day back. >> today i was okay. and i wish they did that way, way before. >> reporter: local law enforcement telling me they've heard so many complaints from both side. so folks saying please open up the plant, allow it to be open. others saying they feel like their health is being jeopardized here. one man had that middle ground, saying i need this job to watch other teams reopening before we do. wuhan, china, racing to test 11 million people after seeing new cases. south korea racing to contain the possible outbreak connected to one man. there is also news invol

for tesla to have its main factory shutdown is pretty serious, they don't have the cash reserves that gm or ford has, so they are getting hit harder than some of the other automakers. >> reporter: sure enough, tesla's lawyers filed this 18 page lawsuit seeking an injunction against the county order saying tesla falls under critical infrastructure outlined by the governor. if you want to read it we have put this on our webpage, on the homepage of ktvu.com. >>> a 26-year-old man was killed today after being attacked by a shark in the cruise county, it happened around 1:30 this afternoon at manresa state beach . the attack happened about 100 yards offshore, officials say the victim was surfing and was pronounced dead at the scene and they do not yet know what type of shark attacked him. following state park protocol, the water one mile north and south of the incident location will be closed until at least thursday. >>> one person is dead following a fiery plane crash at the byron airport in contra costa county, it happened around 1:30 this afternoon. the east contra costa fire protection di

i want to commend ford and gm, ge, fiat chrysler and other companies. lot of them in this area for blazing a trail to restart americans economic engines. you're demonstrating that we can open our country while taking precautions like social distancing, daily medical screenings, strict hygiene. you can get tremendous numbers of very quick temperature checks. whoever heard they aim a camera right there and two seconds later, they tell you your temperature. more accurately than the old days where you put it under your tongue for 2.5 minutes. this is a little better. you get temperature checks. i want to thank you all for leading america back to work. you look at states like florida, georgia, and others where the numbers have gone down. they are open and their numbers are going substantially down. with your help and our policies, this country is poised for an epic comeback. this is going to be an incredible comeback. watch, it is already happening. within the next year, we're going to be exceeding any expectation and i have had a good gut feeling about a lo

interesting character that might be a little more familiar but they had characters with the former ceo gm was prodded to have the production and they didn't know how many planes that they had so that was another interesting so with those larger biographies churchill so that is crucial in this era. so he was widely hated as well and in that case that immediately after he became prime minister he appointed the minister of aircraft production to set up the ministry because churchill recognize something early on and that is the military value that if ever to recall and invasion first it would require the superiority and the potential for invasion and then to prevent germany with the fighter aircraft. >> and ramping up production starting to increase and churchill recognized much more had to be done he never met that industrial object before and laughing at circulation. and with that minister of aircraft production but churchill wrote this guy was hated and also incredibly energetic and smart. but to an incredible degree and with that technology side but to really understand interest of the mo

tom: congresswoman, we have got to go because i have got to go out and buy a gm pickup truck.tevens from detroit, thank you for being with us. this is bloomberg. good morning. ♪ everyone,morning, bloomberg "surveillance," from new york and london. coming up, francine's conversation with the governor of the bank of england, our conversation of the day. we speak with dr. farley of the johns hopkins university school of nursing and we do this in the ,eek of nursing, a nursing week a nursing celebration within this horrific pandemic. i saw the boston red sox mowing yesterday the lawn of fenway park in tribute to nurses, and we saw the president in the oval office in tribute to the nurses. forget about the tribute. reality at jhu for nurses. jason: we are seeing glimmers of hope where inpatient bed capacity is stable. we have a wonderful field hospital started by our governor -- for those who need to convalesce in a controlled ventilator, and our supplies are holding steady so those are all glimmers of hope. francine: do genetics play a big role in who dies from covid-19? jason: i