, i was going to mention the white house is saying that phone call between president trump and vladmir putin earlier today, they did agree that it was -- this is saying they agreed on a telephone call on friday it was important to stabilize the global energy markets. the you would take a lot from that what kind of agreement are the u.s. and russia talking about. how significant would that be for the oil price which is slightly off the lows here in. >> the question is what is slad picture putin looking for as part of a deal is he looking for relief on sanctions. is he looking for the u.s. to basically say, we're no longer going to sanction rading i think that could be part of this big deal. i think this is key part of the story. we're so focused on saudi arabia but if the u.s. can kind some way to offer some type of carrot to putin in terms of sanctions, that could put this whole deal back together. >> all right thank you very much. great always to see you. >> thank you >> i look forward to the next time we're together side by side again. up next, selling homes in the age of social distancing

capital market construct idf demand, the steee price of crude oil president trump can sit with vladmir putin and the kingdom of saudi arabia and talk all they want about supply. how do they return demand? once we see stability in the price of oil, you'll begin to know that the markets are becoming comfortable that demand will return. that's something that i'm waiting for for this next leg higher in the price of equities. i'm okay if we go sideways here. i think earnings when you tack about guidance, what is guidance going to be? i think the price of crude oil will indicate to you when demand is going to return once again and that demand right now is basically zero >> he's back with us today, the ceoital on the phone. welcome back >> thank you >> we're coming off this historic week. since i last spoke to you a week ago, how are you thinking about things today things can change so quickly >> what's happening if you look on the credit side which is where we're really focussed right now, the biggest issue that you're having out there is really companies that were levered and that need capital. i

of the big questions will be about his conversation earlier this morning with russian president vladmir putin. the white house has said that those two talked about the need to stablize energy markets. the president saying earlier this morning that he believes oil prices are too low. >> russia and saudi arabia are fighting and they have driven down the price of oil and i never thought i would be saying that maybe we have to have an oil increase because we do. the price is so low, they're fighting so crazy over distribution and over how many barrels to let go. reporter: the president also said that he would like to see hazard play, hazard pay, rather go into effect for the nurses on the front line in the hospitals treating the coronavirus patients. the treasury secretary steve mnuchin said earlier today, speaking with stuart varney that receipt now they're more worried about implementing this $2.2 trillion phase 3 package but he did leave open the possibility to a phase 4 down the line. >> we're deploying this money now and, as we see how the virus goes forward, we're ready to work with congres

can place a barrel of crude and refine products >> we spoke about this, the president spoke with vladmir putinut the collapse in oil prices do you think he would lift sanctions on russia as they take their foot off the gas and that's way out of this or no >> i think that's part of the way out it the russians would be looking for a deal on sanction relief. in the meantime if you put this in context, oil demand is down 15 million barrels a day here in march and april there are estimates it will be down 30 million barrels day. at the same time russia and saudi arabia are increasing their imports. the gap is too wide for even a small agreement to handle. as we fill up these nooks and crannies and take tankers for floating storage, we might see opec is forced to cut production because there's simply nowhere to go. >> andy, thank you so much >> thank you >>> breaking news coverage rolls on after this quick break. we'll take you inside the mounting troubles for retail stay with us i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to

klobuchar had 7 delegates and vladmir putin had 26 delegates to give.may help him. this is actually a three-person race. you have biden, sanders and bloomberg, desmite what they tell you. they want to use traditional polling methods, bloomberg like bernie has a goal. he actually does have to win something but he can still carry himself all the way to milwaukee. biden's got a problem. 10 million raised is not enough to do the boots on the ground campaigning with his money. sanders raised 46.5 million. that gives him more cash. bloomberg sun limited with almost half a billion spent so far. >> profoundly disagree. >> i'm with you. >> that 10 million was over last few days. you will start to see money pouring into that campaign. not enough time to give him the push he would like. >> he doesn't have money right now to do boots on the ground. >> however, he will, after tomorrow. however the problem bloomberg has, i don't think he will win anything tomorrow. i think he is going to realize he is a pragmatic guy -- [all talking at once] >> he can afford to keep

the president also talking with russian president vladmir putin who he said in the news conference that russia gave the united states number of protect tiff medical equipment. on the conference they talked about how to combat globally the coronavirus as well as dealing with other global issues. the president saying that he talked to him specifically about venezuela and the dire need to stablize the energy markets. as you know that oil, the oil prices continue to drop. back to you, liz. elizabeth: edward lawrence, thank you for the update. let's welcome my next guest. it is arizona senator martha mcsally who joins us. also the senator is the first female fighter pilot to fly in combat. senator, thanks so much for joining you. >> how are you, liz? elizabeth: i'm good. we're hanging in here. senator, officials warn no city will be spared. cases breaking out in the midwest, in the south. now we have 28 states with shelter in place orders for 200 million americans. we're talking about the worst of it is going to hit two weeks away from now. more than half the economy in shelter in place. whe

speaking of the president, neil, he was scheduled to have a phone call earlier this morning with vladmir putin. the president saying, one of the reasons for that call is to talk about energy prices. neil? neil: all right. blake, thank you very much. blake burman. energy price situation is deteriorating quite rapidly. oil is under $20 a barrel. that produced dramatically lower energy prices in this country. you probably see it when you go up to fill up your car, if you go out enough to fill up your car. the irony a lot of drivers can't take advantage of that. they're not leaving homes very much and when they do, they don't really go that far. phil flynn on all of that. this conundrum finds drivers and investors in the same boat, sir? >> really is. for gasoline prices it is the best of times, it is the worst of times. it is the best of times, if you look at prices of gasoline, since this russian oil price war and coronavirus panic we've seen gasoline prices get to the lowest level we've seen since the 1970s, when you adjust for inflation or cheaper than they have ever been before. the bad part,

you have that artificial market that has been contrived by vladmir putin and mohammed bin salman out of saudi arabia. so between the two, it doesn't make any economic sense other than to pull back on costs. that is about all the industry can do. there is an oversupply of oil, probably we're producing two to three million barrels a day more than what we need because of the cut back in flights and cutback in other forms of transportation. but the reality is, that could snap back with the end of the virus period. and so we would be about equalibrium. but on top of that you have the putin, bin salman escapade taking place which is an artificial driver, because they're selling oil cheaper than the price that is on your screen. in other words they're trying to get market share and sell their oil before someone else does. they're taking a five to 7-dollar a barrel discount on the market price. so this is just nuts. i guess they can do it for a while in the case of the saudi arabia, you know you're gambling of the future of kingdom. they need $80 a barrel. in case of russia, a very controlle