a need i guess mike murphy to see more because if we were just talking about the idea of this restaurant this effects some of the homeless people might be completely on their own without any families to help them with something or something families but they're all in a difficult situation that's true. but that's moving. forces fischer's you know can you think. i mean has been coming to robin hood for 6 months now the needy often wait months to get a place. a michigan ornament. mischa's my financial situation is like this each month and i have $100.00 maybe $130.00 euros locked after paying for all of my regular alcoa more political movement to me that's not enough to cover food for a month that's impossible. you know what he is an issue and it's not just food that i need but also money for clothes to go out for a drink now and then. i can't afford it from tesco skills and the winter is coming soon does he. know all good idea i wouldn't come here to eat if i didn't need to. i would give my place to someone in greater need government to keep the ship. to spain has an unemployment rate of

mike, come back in again, mike murphy.ook, netflix is i think one of the leaders in streaming, but roku i think is a real pure play in streaming. do you like roku? >> you know, stuart, i think the numbers that roku is putting out are great. i don't own the stock. i would rather own at this price right now, if i'm buying streaming, which i am, i'm buying disney. i think roku for me is different. it's been a great stock for some people, but the way i'm playing the streaming business is through disney. stuart: okay. thanks, mike. i want everybody to see the price, stock price of tesla. this morning i believe tesla is up very very nicely. last time i checked it was close to $700 a share. there you go. it's up 9%. come in, ashley. what's news on tesla? ashley: yeah. well, they have already slashed salaries, furloughed almost all workers that can't work from home but still, like every other company, they are looking to save some money wherever they can. now they are sending out e-mails to their landlords asking for a reduction,

mike murphy, bring you back in on apple. we are in the middle of a pandemic, millions of people are losing their jobs or furloughed. not a great time to bring out a new iphone, right? >> absolutely. i think when you look at a name like apple, the biggest company out there, they are going to have a tough quarter, obviously. they have shut down a lot of their stores globally, starting to reopen some now. but if you are going to invest in apple, you are looking out three months, looking out six months, looking out a few years. and if you believe as i do that they are the top tech company, great innovator with a fortress balance sheet and you can buy it at a 25% discount, that's what you want to look at. the quarter will be tough but it's a great name and it's on sale right now. ashley: very good. lauren, let me bring you in. 3m apparently reaching a deal with the white house about those face masks, right? lauren: it looks like that dispute ended for now. so the government will buy 166.5 million masks over three months from 3m.

come back in, mike murphy. why is oil, which is way down again today, not a negative for the market? the dow is up 400. >> well, stu, i think oil going negative a couple weeks ago really spooked the market as the market tried to figure out how it got there and how negative it could go. but we got over that pretty quickly. that was a 24-hour occurrence with the negative oil. so now i think the market's saying hey, if it's going to go negative again, so be it. it's a very small percentage of the s&p 500 companies that are actually tied to manufacturing of oil or the oil price. so i think oil, although it looks real ugly or scary when you are watching it drop so much, net-net it's going to have a positive impact on the economy, not a negative. stuart: mike murphy, thank you very much indeed. i want to move on quickly to the auto makers, the big three. general motors, ford, fiat chrysler. ashley, do we have some startup dates for them? ashley: we do, although ford has not confirmed this. they are looking, the three

governors what to do, it was a moment where i genuinely think -- and i'm stealing this from my friend mike murphy who said it the other day. mike said that comment was the clearest seminal picture of what's going on in donald trump's head, what he really thinks about the role of the president and his own role in the government. he just really thinks he is the state. the state is him. he is the state. his power is unchecked and absolute wherever he wants to try to apply it at any given moment. when there's any price to pay or actual responsibility to take, of course it's like, oh, no, the constitution completely protects me. it's all about the states. it's all up to the congress. but when there's something that he wants to do and someone is standing in his way, he will claim that he has absolute authority to do that thing, whether it's with respect to the states or the legislative body or the courts. it doesn't matter. i think it's partly ignorance, to donna's point. he's a nitwit when it comes to the government. when you marry nitwit iism with this authoritarian instinct that he has, that's where

. >>> rosecliff founder and partner mike murphy is with us.ket watcher that we normally see in the 9:00 hour but today, he's joined us in the 11:00 hour. we let him lie in. why not. all right, you have to explain something to me. big tech today is way down. apple is down eight bucks, microsoft is down eight bucks. can you tell me why? >> i could try. nice to see you. you know, tech has performed so well since the market bottomed. these stocks you point out, microsoft, apple, you can throw a lot of the other big tech names in there, they have all had big rallies over the course of the last few weeks. they really haven't sold off at all as the market has tried to find its footing and get back on a trajectory higher. so right now, you are just seeing some profit taking coming out of these names. we are going to hear from netflix later. there could be concern there. but i'm sticking with the same story. you see apple, you see microsoft, selling off on no company-specific news. that creates a buying opportunity for people. stuart: now again, anothe

mike murphy following wall street on top of this. bit of a sell off, as people chew on provisions and obviously jump in claims here. i will say, mike, not to dismiss the fact over 30 million americans have applied for jobless benefits, but the numbers, by and large get a little lower each week. what are you to make of that? >> that is nice to see. the numbers are improving but when we look at it, neil, the entire country shut down. [inaudible]. people -- back to work. [inaudible] neil: mike, i'm very, very sorry, mike. we have very bad audio problems to you. we hope to go back to you. i apologize for that. i do want to go to texas, casey stegall monitoring that. sudden flare-up of new deaths and cases in the state. i wonder if that is affecting the governor's plan slowly but surely reopening the state? what have you heard? reporter: nothing is changed the way the governor is opening the state despite the spike in infections. tomorrow is the big day, dine-in restaurants, libraries, movies, museums are allowed to open at 25% capacity. t

that is governor phil murphy, coming up in the next hour. we will also talk to miket of the new t-mobile. t-mobile and sprint are now long years.er two the dow jones industrial average now down 2.7%, off its lows of the session. the s&p 500 down 3%. many negative headlines overnight for the markets to digest, including the president saying it is going to be an awful two weeks here in the united states. this is bloomberg. ♪ ♪ guy: from london i'm guy johnson, with vonnie quinn in new york. we are counting you down to the european close on "bloomberg markets." let's see how we are trending on the new day of the month and the new quarter. not the start we were hoping for when it comes to equities. we are seeing a down day. volumes all right, though. 311.90. banks,seeing european particularly u.k. banks, under pressure. brent crude down by 4.5%. the dollar is bid today, and hsbc, along with a number of other u.k. banks, being pressured by the pra to give up dividend payments, and as a result of which company market is banking those payments out of stocks. u.s., itn the

mike sievert, president and coo of what is now the new t-mobile. on the half-hour, we are speaking with new jersey governor phil murphy about his state response to the coronavirus pandemic. this is bloomberg. ♪ guy: from london, i'm guy johnson, with vonnie quinn in new york. this is the european close on "bloomberg markets." tobacco may seem an unlikely source of life-saving vaccines, yet cigarette knickers including british america -- cigarette makers including british onrican tobacco are working a treatment for the disease. great surprisea that tobacco could them how be used to find a way to generate the vaccine against the virus. can you just explain the science of how this works? guest: sure. we've been working on vaccines in tobacco for a number of years. in 2014, we produced one of the few sources of a treatment for ebola during the 2014-2015 crisis in tobacco, and that we used effectively by the u.s. government for aid workers and government officials working in west africa. since then, we have turned our attention to influenza virus, and we've got trials underway with the u.s. government, with vaccines for influenza, but it changed when cov

mike larson online. a fox news right now, new details trickle in about how and when some states may reopen. new jersey governor phil murphyo he will lay out a broad blueprint deficit plans later in this week so what could that look like. also, nebraska's governor pete ricketts explains his plan for easing restrictions in his state, he's got a plan and he is live, coming up next. we're working hard to answer your questions. like helping you understand what the recently passed economic package can mean for you. we're more than a financial company. we're a "together we can get through anything" company. now, more than ever. mortgage rates have dropped to all time lows. by refinancing now, you can save $2000 a year. and newday's va streamline refi shortcuts the process. veterans can refinance with no income verification, no appraisal, and no out of pocket costs. one call could save you $2000 a year. >> bill: the governor of nebraska has stopped short of issuing a formal stay-at-home order. it is encouraging strict social distancing which includes staying home for 21 days to flatten the curve. they are on day 11. thank you for

murphy. we have worked very well with both of them, and with frankly all of the governors. vice president pence del miketh them this morning that lasted for close to two hours. and i understand that it was not a negative person on the call. 50 governors, just about 50 governors were all on from what i understood. and they were very positive about everything. are there federal government has been doing for them. and you will hear what that is. and it is rather amazing, actually. nationwide, the army corps of engineers is building 22 field hospitals. these are big hospitals. and alternate care sites in 18 states. you have a combination of 22 field hospitals. in addition to that we are building alternate care sites which is a smaller version of the hospital. and we have a lot of them. they are going up in 18 different states. in total we have deployed 8,450 hospital beds from federal stockpiles. if you think that this has gone over a period of weeks, it is incredible, actually. more than 8,000 ventilators have been sent from the national stockpile to our cities and states, backed by the defense production

mike, we'll talk to you in a bit. time for a coronavirus news update with sue herera hi, sue. >> helloing, everyone. here is what's happening at this hour new jersey's governor murphye would need to double testing to reopen warning a return of business could backfire if testing is not ramped up. >> reopening the economy today would backfire on us in two respects a large spike in covid-19 cases and no customers at our stores because people are still fearful for their health and that of their kids and families. >> ohio becoming the latest state to close all kindergarten through 12th grade schools through the end of the academic year governor dewine says they will continue school as we fight the pandemic. >>> a surge in u.s. poison center calls over the last three months this as americans ramp up cleaning efforts to avoid contracting coronavirus. between january and march, poison control centers received more than 45,000 calls alone related to cleaners and disinfectant as always for more on the coronavirus coverage at cnbc, go to cnbc.com. sara, black to you. >> someone had to it will me not to bleach my vegetables. sue, thank you. >>> next, one of the largest waste c