were saying uals things differently publicly than privately. the transcripts were showed. reporter: do you support those comments? secretary mcenany: i support questioning t, no that. so proud to work for him. reporter: thank you. michael flynn case, documents released yesterday suggested that members of the community tried to keep it unbind. i'm wondering if you think that investigation and whether the administration should bring charges against and peter strzok? secretary mcenany: i refer you to the d.o.j. on that. there were questionable actions happened in this case and i took you through a number of them and i do think the american eople deserve answers but i leave it to theme justice department as to how to get those answers. president as the spoken to michael flynn since this news yesterday? do you expect that he will visit the white house, if that's something being planned? secretary mcenany: i am not aware of any conversations that place.ken not aware of any future plans that would regard michael flynn. more.er: one larry kudlow said discussions on lull.xt stimulu

was infected,ual they are quarantined until it was finished. that is how you stamp out infection. that works only if you have gotten the level to a low level. if you have a high level circulating, you cannot trace it. you cannot keep up with it. that is what south korea did. they had some knee tests -- way more than we did. they basically stopped the virus. they tested everybody. we don't have enough tests. you have to be tested more than once. you can be negative, and then all of a sudden new can be positive. it is one of these things where we need a lot of testing. people are going to have to be tested more than once. viewer one is a twitter who asked about peer-reviewed, how can you tell if a study has been peer-reviewed? tell by thean journal that has published it. journalse scientific publish them. there are preprint servers where purple -- where people can put their papers before they are peer-reviewed. there was a study out of california looking at the frequency of people who had been infected with an antibody test -- that information was put on a preprint server. that is h

. >> norwegian, ual and the list goes on and on and on here i think guy has a question sorry to interrupt you, steve. >> steve, thanks for sticking around there's been a lot of chatter written about potentially negative interest rates in the united states. inside the fed, and i know you're not there, but i know you know people. what are their views on potentially negative interest rates here in the united states? >>. >> negative interest rates gets a double thumbs down from all of the people i know at the federal reserve. i think there are so many things they would do before they went to negative interview thes that they haven't even thought of what they would do they may be forced there, but it goes back to the conversation that you and apologies to melissa of why she even brought me on the show with the jobs mark story d there is a debate saying this is the worst of it and i have some people saying there will be positive employment in may based on the reopenings. other economists are saying to me, look, there's another 10, 12, 15 million americans who will lose their job and that's from

names like ual

have to stick there, and with our guest, the domestic flights will come back sooner than international ualt leverage to asia, so i'd stay away and date and strong wens look past thian one thing that is often talked about is how people conduct business, karen, in terms of meetings not having to make that flight to wherever to have that one meeting or those three meetings, and if we are to say that things are going to change in terms of businesses and if you take that part of the equation out permanently, that is a fundamental change to the business model for the airlines that they operated under pre-pandemic >> right i mean, that's, you know, a big portion of the business gone but i think we talk about the equities and then there's the business so an airline can go under, right? we saw it in '08 and '089. auto companies went under and yet they did survive, they did restructure they were able to continue as a business and keep people employed so i'm hopeful that even if we see bankruptcies that they'll still be viable businesses there underneath and they'll operate with less debt, but smalle

you can see these names, ual, american, delta, all started lower but then they really went off to the bottom here. during the testimony, dr. fauci warned against reopening the economy too aggressively or too soon, saying we could then see spikes in cases which could lead to a second wave of the outbreak. he also warned that there's no guarantee that a vaccine will be available in the fall or that if there is one available, that it's going to be effective. boeing's ceo dave calhoun, talk about piling it higher and deeper, called what's happening to the airlines apocolyptic and told one network, one of the major u.s. airlines will mostly -- most likely, rather, go out of business this year. remember, it was just two weekends ago we got an early warning sign from billionaire warren buffett who not only exited all his airline holdings, but went on to say quote, i don't know if three to four years from now, people will fly as many passenger miles as they even did last year. let me take it to our floor show traders. if you look at the market in the red, not too deeply, but john, you look at

ual stock up 4.5%. clorox up another 1% to $203.86 a share. but are travelers even ready to get on a plane and fly to far-off hotels and resorts? one of the most famous hotels in the world thinks yes, we are going to tell you who it is and why june 1st will be a historic day for it and why the ceo of global travel giant mmgy says that hotel's move is the biggest vote of confidence yet for the entire nation's summer travel season. dow jones industrials up 347 points. we'll be right back. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. liz: all right. you may not be ready to fly to venice

are a variety of businesses that have been directly impacted, a company like expedia, a company like uall to, we believe those are great american franchises and will survive. we have been thoughtful about our approach to retail and energy over the last several years. loans and bonds do not go north of par, they stay right at part. you have downside to zero. the question you are bringing up his equity versus credit. in this environment, when you're coupon and have structural protections, it is much easier to be fleet of foot. we put almost $50 billion to work at the beginning of the year, $40 billion in the first quarter. that is because of our ability to analyze the capital structures, separate the ones that do not have the secular headwinds but actually have a business model, and if you can do so in performing credit, and the reality is in that first stage of the market selloff, that dislocation we talked about, there were many companies i would argue were all going to be impacted, but were less impacted. those are the ones that make sense. clo: every cielo -- every manager i talked to

it looks like traffic is pretty much business as ual for our e.101: is all right. the golden gate bridge looks beautiful in both directions. let's check the forecast with mary. >>> you can see on the live traffic cameras all the sunshine. we will continue to see that as a sign of definite warning. check out our te eratures. we a >>> let's get some clarity on a variety of issues. once you've had this, if you recover, can you get it a second time? >> we're looking at the economic pain and how to get america back to work. >> all small businesses are struggling at this time, but what are you hearing from minority business owners in particular? >> i want to put this in some perspecti perspective. do you think there's any security risk to reopening the country before we get a handle on the crisis? >> welcome back to "cbs this morning." we have breaking news on the economic damage caused by the coronavirus. the labor department reported this morning another 3.16 million americans filed claims for unemployment benefits last week. that adds up to more than

you saw the ual issue over the weekend didn't happen. reportedly because of concerns over collateral. then carnival gets upgraded this morning because they think nobody wants their collateral, as a result they'll get a lot of waivers on covenant. >> they say they have enough money. when you look at the timeline here, the key moment is when boeing did not need a bailout. boeing raised the money. i think that was the fed doing a great job. secretary mnuchin was involved that would have been the real disaster that's the best industry we have some of these less essential industries like cruise ships, it's amazing they get the money. i had norwegian on friday. they have almost no covid, everything is fine you'll love this -- david in particular because i know you're a bigcruise fan -- bookings ar ahead of last year david, you and i, come on, with the wives? what do you say? >> yeah, okay. i'll see you yeah, no i don't think so maybe one of the really small boats, like the one that would just be us and the crew? that one >> we're not talking u

was infected,ual they are quarantined until it was finished. that is how you stamp out infection.hat works only if you have gotten the level to a low level. if you have a high level circulating, you cannot trace it. you cannot keep up with it. that is what south korea did. they had some knee tests -- way more than we did. they basically stopped the virus. they tested everybody. we don't have enough tests. you have to be tested more than once. you can be negative, and then all of a sudden new can be positive. it is one of these things where we need a lot of testing. people are going to have to be tested more than once. viewer one is a twitter who asked about peer-reviewed, how can you tell if a study has been peer-reviewed? tell by thean journal that has published it. journalse scientific publish them. there are preprint servers where purple -- where people can put their papers before they are peer-reviewed. there was a study out of california looking at the frequency of people who had been infected with an antibody test -- that information was put on a preprint server. that is how