meet with more is torsten slok, deutsche bank chief economist. dichotomy between economic data and the equity market, let's get to your expectations. what are you looking for? are of course looking for very bad numbers. this is so unprecedented in so anyways. as you have been covering so well with mike and constance over the last hour, it is really all the details in the report that will be most interesting. the big picture remains at we will have a big jump in the unemployment rate, a big decline in the number of jobs, and all of questionsa lot about what is the composition, who are the people losing their jobs. all of those he tells a very important for conversations about the trajectory of the recovery looking forward. alix: so what do you expect to learn from that? if we say that the breadth -- if, say, the breadth is not as biggest we thought are much broader than we thought, how does that affect your outlook for a recovery? torsten: that becomes important in the details. first of all, the job losses in the march report were mainly low-wage

withn start this program torsten slok, chief economist over it deutsche bank. we've just had a tough weekend in the united states. many pictures of many states getting back to normal quite quickly. does the fate of the global economy still depend on getting a vaccine? torsten: absolutely. if we do get a vaccine, it would change everything. it would change the health outlook, the outlook for markets, the outlook for the global economy. unfortunately, it still looks like that is not the case, so for now, we are back to watching the reopening, watching the fundamentals. it is definitely getting better, a slow crawl out. we are at the bottom of the canyon, looking up, but it looks quickly like the news of dataning and the economic getting better is something the market should be paying attention to. jonathan: many countries already have gone through the reopening experience, several weeks or several months ahead of what we are seeing in the united states. what have you learned so far about that experience? countries number of in europe have already reopened. we had

. >> torsten, thank you, appreciate your thoughts torsten slok from deutsche bank. >> thank you, kelly. still ahead, we are just moments away from an important interview with thecleveland fed president, loretta mester on the state of the economy and the response from the fallout of the coronavirus. she is an interesting person on the fed board there. you won't want to miss it. plus, bank stocks falling again today as bob pisani highlighted them a few moments ago now down more than 30% as a group so far this year and one trader says the group is a no-touch he'll tell us why after this short break. stay with us >>> all right, let's get to sue herrera now for the very latest on the coronavirus hi, sue. >> hello, ty hello, everyone. here's what we know at this hour new jersey is easing its pandemic restrictions just a little bit more. governor phil murphy announcing non-essential stores will be permitted to do curbside pickup and nonessential construction can resume on monday murphy says the state's trends are improving, but it isn't in the clear yet. in las vegas, a sharp increase in new