we'll go to nancy marshall-genzer for the last question. nancy: nancy marshall-genzer with marketplace. chair powell, i'm wondering what you would say to savers who are hurt by very low interest rates and maybe going into investments that aren't so great for them? also, i'm wondering if you can give us any more of a clue as to how long you think we're going to have interest rates near zero? chairman powell: so, we think that low interest rates affect the economy through a number of channels in a positive way. lower interest rates support economic activity through channels that we understand reasonably well. they make it cheaper to borrow. they drive your costs of borrowing down. they do raise asset prices, including the value of your home. if your saver owns a home or has a 401k, your saver will benefit from that. but, for people who were really, really just relying on their bank savings account earnings, you're not going to benefit from low interest rates. but we have to look out for the overall economy. low interest rates support employmen

we will go to nancy marshall for the last question. >> nancy marshall with marketplace. chair powell, i'm wondering what you would say to savers who are hurt by very low interest rates and maybe going into investments maybe in the stock market that aren't so great for them and also, i'm wondering if you can give us any more of a clue as to how long you think we are going to have interest rates near zero. >> so we think that low interest rates affect the economy through a number of channels in a positive way. lower interest rates support economic activity through channels that -- overall through channels that we understand reasonably well. they make it cheaper to borrow, they drive, you know, your costs of borrowing down, they do raise asset prices including the value of your home, if your saver owns a home or has a 401(k), your saver will benefit from that. but for people who are really just relying on their bank savings account earnings, this is, you know, that's -- you're not going to benefit from low interest rates. but you know, we have to look out for the overall ec

. >> nancy marshall ginser for the last question. >> nancy marshall ginser with marketplace. chair powell, i'm wondering what you would say to sabre -- saver with the low interest rates. and i'm wondering if you can give us more clues to how long you think we'll have interest rates near zero. >> we think that low interest rates affect the economy through a number of channels in a positive way low interest rates support economic activity through channels overall, through channels that we understand reasonably well. they make it cheaper to borrow they drive your costs of borrowing down they do raise as et prices including the value of your home or your saveable benefit from a 401(k) but for people who are really just relying on their bank savings account earnings, you know, that's -- you're not going to benefit from low interest rates. but, you know, we have to look out for the overall economy. low interest rates support employment they support economic activity and those are our mandates and i think for the overall good of the economy, low interest rates are a good thing not t

nancy j.c. penney bankruptcy and now that's been closing all $850.00 of its stores and burrowing its $95000.00 employees across the united states marshal showed that retail sales plunged 8.7 percent in march with clothing in excess and shopping 15 percent. followed by food and beverages which dropped 25 percent and then you also have new york manufacturing numbers coming in as an all time low that many point 2 percent so now essentially again a double whammy the 2 big pillars of the economy the consumer and the business all getting hit and all coming and worse than expected kristie we're going to get to some of some of that bank information in just a minute but i want to talk about oil is actually kind of had a dismal day here what's going on in the oil sector. well the crash below $20.00 overnight before struggling back up a bit as huge inventory build were reported and the i.a.e.a. commented that this is a historic production cut it won't really be enough to counter this record demand slump this year demand they're saying could fall by $29000000.00 barrels per day in april driving demand to its lowest level in 25 years now stockpiles

what the president is talking about day after day showing he's marshalling the resources of the federal government to try to help people and nancyi shut herself out of that, and joe biden is desperately trying to get relevance by doing these rather strange interviews from his basement or whatever, but every time he goes out, he shows he is the last person you want in charge. you're right, they are worried about the politics. we do have an election in november and i think people will take into account how their leaders performed in this moment and it's not looking good for nancy pelosi. stuart: yes, we do have an election in november and it's coming up fast. steve hilton, thank you very much. appreciate it. okay. the stock as in tesla has been on a tear. they crushed their delivery numbers. the stock is up 32 bucks. that's it now. it was up 70 earlier. dan ives is coming on the show next. i want to know what's going on. he doesn't think tesla can deliver the cars they promised. we'll be right back. stuart: all right. for much of the day, the market was down 200. now we are down 300. we may have a reason for that dip down a furthe