here is suzanne clark. we are joined by suzanne clark, president of the u.s. chamber of commerce. suzanne has been in the trenches. i first got to know her when she was running her own company. she has a ba and mba from georgetown. welcome to axios. thank you.: >> congress just replenished the money that is in the payment reached -- payment protection fund to help small businesses stay in money. his round two going to be enough? -- is round two going to be enough? pres. clark: we hear from small businesses across the country every day. some of them are in tears. they cannot get over the impact of their family, communities and customers. we are glad congress got this done. it will not be enough. they cannot start working on the next round fast enough. >> you spend all day talking to businesses of all sizes. as you talk to small businesses, what is the most common thing you hear? what is the most common worry they confide to you? pres. clark: first of all, it is staying afloat. job know firsthand what a means to a family, what a job means to a community. what a job means to health o

with suzanne clark, president of the u.s. chamber of commerce. >> i'm joined now by suzanne clark, president of the u.s. chamber of commerce, the world's largest business organization. she has been in the trenches, i got to know her when she was running her own company as president and coo. she has a ba and mba in georgetown. madam president, welcome to axios. >> thank you. suzanne, congress just replenished the money in the payment protection fund to help small businesses stay in money. his round number two going to be >> that's a good question, mike. we hear from small businesses across the country every day. some of them in tears. they cannot get over the impact on their family, their community, on their customers. are glad congress got this done, but no, it won't be enough. and they cannot start working on the rest -- the next round fast enough. >> we spend all day talking to businesses of all sizes. talking to small businesses, what's the most common thing that you hear? the most common worry that they find? >> first of

chamber of commerce president suzanne clark.conversation still ahead. >> i want to get a closer look at those markets. as you said, a combination of negative news to consider. we have incredibly weak reads on retail, manufacturing. the reality starting to hit home here. we are watching these markets. the worst of all the groups for the s&p 500 is energy. it was down 7%. materials right behind. financial seeing a 4% decline. some of the biggest names, jp morgan, down for percent -- down for percent. a lot of concern about how this pandemic lasts. we should note that this is a time of day we often get news from europe that feeds into market sentiment. 1400 new virus deaths. that is the highest to date. that is the data point that will weigh on these markets. we are getting a lot of fiscal packages coming from governments. $25 billion in aid for u.s. airlines. a big question about whether that is going to be enough. jonathan root, senior vpn moody's joins us now. let's start there. let's start with whether this will get them over t

suzanne clark is the president of the u.s.mber of commerce, it's a group with some three million membs across all seors of the economy. she presented a gradual plan to her members for returning to work, but it includes many issues that have yet to be resolved. suzanne clark, thank you very much for talking with us toda tell us, as you think about all, this how big a allenge is the country facing, the private sector? it's not as simple as turning on a light switc? is it >> no, no, it isn't. thank you forving "me me today. our members represent all sectors and all sizes and all geographies. the idea of getting back to work and getting back tfe is so important to them. we know that there are experts, public officials, me tcal experlking about when it's safe to get back to work, so we think our job is to help business leaders to begin the plan for how to get back to work. >> woodruff: yr memo tht you sent out the your members, it starts out by saying that th returnork will be "gradual, fazed in, and will vary by several factors."

suzanne clark is the president of the chamber of commerce based here in washington.>> brennan: the volume, the amount of demand that small businesses had for emergency aid was so great that that $350 billion ran out on thursday. we know from congressional leaders and the treasury they expect some kind of deal to replenish those funds. is $250 billion enough? >> well, we know that the small businesses out there are really hurting, and every hour and day that goes by without this assistance is really hurting them. so we know it is a really good start. and it is part of why we're working on a path forward on how you reopen businesses so that they can get back in some kind of gradual, phased-in way to work. >> brennan: a senior staff official i spoke to this week said even the $250 billion, on top of the $350 billion may not be enough because small businesses are in such acute pain and they make up such an important part of the u.s. economy. what's the timeline? >> i think the $250 billion is just another really important step of getting aid to the frontlines as quick as

suzanne clark, thank you very much for talking with us today.ell us, as you think about all, country facing, thivatee is the sector? it's not as simple as turning on a light switch, is it? >> no, no, it isn't. thank you f having "me me today. our members represent all sectors and all sizes and all geog ophies. the id getting back to work and getting back the life is so important to the so we know that there are experts, public officials, medical expts talking about when it's safe to get back to work, so we think our job is ton help bs leaders to begin the plan for how to get back to work. >> woodruff: your memo ta you sent out the your members, it starts out by saying that the retu to worwill be "gradual, fazed in, and wll vary by several factors." what are the factors? >> i think we hit on them tonight on the show. different geographys have been hit in different ways. different seors will find it easier to ramp up than others. and whe you look at everything you talked about from testing and trcing to thevailability of equip such as masks and er

chamber of commerce president suzanne clark are among those at a forum talking about the economic impact of the coronavirus on small business. hosteds website axios this event. axios virtualthis event on one of the biggest topics facing our country, which is small business, the path to our country. axiosld like to thank the events team. thank you for these virtual events. we would love for you to follow and you #axiosevents can follow us on twitter. our first guest today started a small business. ushia is going to be with from orange county, california. eq entertainment and the brand q wond

chamber of commerce president suzanne clark were among those at a forum talking about the economic impactthe coronavirus on small business. the news website axios hosted the event. >> good afternoon and welcome to ofs virtual event, on one the biggest topics facing our country, small businesses the path to recovery. we want to think into it for making the conversation possible and think the events team, which is on the second half of the doubleheader today.

chamber of commerce, suzanne clark. balance of power on bloomberg television and radio. ♪ nowadays you do more from home than ever before. the xfinity my account app puts you in control with digital tools to give you the help you need when you need it. get fast and easy answers with personalized help 24 hours a day, 7 days a week. change your wifi password to a phrase that's easy to remember. even troubleshoot your services on your own. we're working to make things a little easier for everyone. download the xfinity my account app today. ♪ >> i am vonnie quinn. welcome. here are the top stories. u.s. stocks plunging. fresh economic data. we will get the view from johanna kyrklund, global head of multi-asset investment. as crude falls below $20 a barrel, the lowest level since 2002, the international energy agency saying oil demand will drop by more than 90 billion -- million dollars a day wiping out a decade of growth. the outlook for rents and truck stops among other things. we will speak with alex portnoy, ceo of rmr g

suzanne clark is joining me. it is good to see you. the chamber has considerable ways and a lot of small businesses are saying we need this money. it is now dried up. do you see a path here to compromise today so that this could be replenished or do you have small businesses that may be going bankrupt or not able to pay their employees because of this impasse? >> we know how important this funding is. we hear from them and local chambers across the country every hour of every day. we need congress and we expect congress to display the kind of bipartisan cooperation they display to get the cares act done. we know that every hour and every day counts for these small businesses trying to pay their employees and trying to stay afloat. >> i want your best help. the president is going to release his guidelines today. he made clear that the economy can resume on may 1st. moments ago andrew cuomo said this. >> we have to continue doing what we are doing. i would like to see that infection rate get down even more. the new york pause policies, i

chamber of commerce president suzanne clark were among those at a forum talking about the economic impact of the coronavirus on small business. the news website axios hosted this event. >> good afternoon. welcome to this axios virtual event on one of the biggest topics facing our country, which is small business, the path to recovery. business, the path to our country.

through every last one but i think the key is i saw an op-ed in "usa today" this morning from suzanne clarkthe u.s. chamber of commerce who is saying if we don't get this right, the public health and economic costs are going to be even more daunting. this is a very delicate balancing act. >> absolutely. we've been through a really tough month. first of all, the victims and both public health victims, well over 30,000 americans who died. the economic victims, 22 million people have lost their jobs in the last month, but then all of us who have had to shelter in place and haven't been able to go about who have been observing the guidelines in terms of social distancing and masks. you start to reopen and it's too soon and you start to see an uptick in more deaths and also what the economic implications of that could be, if people go out and take their first step into the waters and it freezes their toe off, you're going to be that less likely to go out again. they do have to get it right and they do have to do it slower. i do understand the need to start to reopen the country but gradual and c