however, you have jim mccormick saying oil prices exaggerate the equityf global weakness, exaggerates the potential for recovery. something to chew on. read on the screen in asia. we saw the s&p 500 drop 3% yesterday. we are actually edging into positive territory. they have been fluctuating overnight. will they turn negative later? will we see another negative down day in equities? a 600 year yield below handle yesterday. it stays there today. a touch of dollar strength. we already talked about oil, but we saw the wti may contract has rolled over into the june contract. we are seeing losses today, $10 a barrel. brent about -- at that 21 year low, $16 a barrel. if you look at junk debt, we are not at those highs of 1100 basis points on a month ago. let us get back to our top story. the u.s. senate has passed a $484 billion deal that will restock an exhausted business aid program and provide funds for virus testing at hospitals. the house expected to vote tomorrow. donald trump has said he would sign it. it includes $320 billion for the paycheck protection program, meant to help small

jim mccormick is with us. i hope you can year me. i want to put that question to you.oint out in your latest notes the divergence between growth assets and the global compass it pmi. is this a market that is looking through bad data and focusing on the rebound at the end of all of this? jim: yeah. listen. we had gone neutral three or four weeks ago. a 25% increase in the s&p 500. month forward ceo is very close to its all-time high. it's a worry here that there has been good news. there's good news around the virus. there's good news around policy. you have to recognize that we are living in the weakest growth in many years. we are worried about that. manus: good morning. hopefully it is easier going now. contraction of 3% this year. assets -- the imf says contraction of 3% this year. remind our audience, 2009. 1/10 of 1%. your growth asset is not even pricing a mild recession. last week, everyone told nejra and i, nobody capitulated. does your growth asset need to reprice? jim: yeah. listen. i think it does. said, there is a lot of uncertainty about what the recovery

sorry, jim >> we have the very best person to ask about the change. and that is the ceo of mccormick, because you know what when these people are at home and everyone is working at home, they have to eat they have to snack they have to do something. i'm not telling you to go for a cup of luckin coffee, but stay here and listen to this. that's a good tease for david. lawrence, it is so great to see you. you're the man of the hour because we're all eating at home all these businesses have everybody at home. is consumer behavior changing, and will it ever be the same >> hey, jim. good morning it'sigate to be here with you. and listening to the comments you had about some of the other industries, it makes me glad to be in the one i'm in before i go to your question, i have to say right up front, i want to first express our deepest simp aethds to all those affected by covid-19 and thank those on the front line keeping people safe through this crisis. you know, our fundamentals are really solid and consumers want flavor. they want great taste. it doesn't matter if they're cooped up at home