xerox is dropping its hostile takeover bid for hp.certainty from the coronavirus pandemic of course. it marks a blow to the photocopier company's effort to stimulate future growth. it says it may revisit the deal in the future, as it believes the underlying logic still remain sound. fund einhorn's hedge plummeted 12% in march, as equity markets took their biggest dive since the financial crisis. that leaves his greenlight capital with a loss of about 21.5% year to date. the slide comes at a challenging time for einhorn because he had a 20% loss in 2015 and 34% slump just three years later. that is your bloomberg business flash. anna: coming up on the program, a painful two weeks. president trump warns of pain ahead in the united states as the coronavirus spreads. more on that next. this is bloomberg. ♪ ♪ matt: welcome back to "bloomberg markets: european open." just about seven minutes to go and we are looking at futures that are down, indicating it will be a risk obsession this wednesday -- risk off session this wednesday. part of th

ashley: good stuff from xerox. also, quickly, boeing now suspending production in a new area, right? susan: but look at the stock. we are back above $150 apiece. yeah. that's despite the fact we had everett, washington, near seattle, that is their primary development and production line and that has been shut down because 100 of their employees have tested positive for coronavirus. now experiencing the same thing as 787 facilities, not 737 facilities. this takes place in carolina after the governor issued a stay home order because of the coronavirus but if you couple the problems for boeing, whether it's 737 production over in everett, washington state or now south carolina, the 787 production, and not selling a lot of their bestselling 737 planes, they say they need $60 billion from the government for their suppliers as well. it looks like the government has half a trillion to delay with. how much will they get? that's contingent on how the stock does or how the stock -- how much money they get. ashley: right. mik

is office says the factories plan to produce more than 300,000 gallons by the end of the month and xeroxs teaming up wi war tran medical technology mass produce ventilators. >>up to a millioof them coming in the coming months while the so-called go to vent is not a replacement for intensive care unit. ventilats they apparently can help patients wh do not yet need or no longer need an i c u level ntilator xerox will make the fda approved devices at its facility just outside of rochester, new york. well for trend will continue making them at its facilityin sacramento. >>e pga championship has officially been rescheduled the term in one of the 4 big majors in golf now set for august 3rd through the 9th at tpc harding pa in san francisco kron four jason dumas spoke with park officials to find out what this means for barrgolf fans. >>when the pga tour announced the postponement of pga championships originally scheduled for may 14 to 17 here in the bay ar who had be waiting for this major championshipto come to this city since it was announced in 2014 all wondered uld be canceled altogether ev

. >>> xerox is ending its $30 billion bid to buy palo alto-based hp because of coronavirus.he financial market turmoil it caused were the deciding factors. xerox launched its bid last year but hp rejected several offers. >>> now to a concern so many of us share right now and that is how to stay safe while we are grocery shopping. >>> also, what to do once you bring the groceries home. how to sanitize grocery items has been one of google's top trends and also a hot topic on "good morning america." becky worley has some expert advice from a scientist. >> people should consider going to the grocery store a little less than they normally do. in my household, we tried to minimize our grocery store trips to once a week. >> then once there she wipes down our cart and brings hand sanitizer. she is careful not to touch too many items in the store. she doesn't wipe down her groceries. why doesn't she wipe down her groceries? because she washes her hands a lot. >> okay. how about both? >> whatever makes you feel comfortable. >> that's what i'm trying to do. watch a full report on getti

. >>> due to global and certainly, the copy company, xerox said that they need to prioritize the health of their employees admit the coronavirus outbreak. >>> curb your enthusiasm star is working with gavin newsom to remind people to state home. he released this today. >> nothing ever happens, there is just trouble out there. it is not a good place to be. stay home and you know, don't see anyone, except for maybe a plumbing emergency. and then wipe everything down, but that is it. >> other actors such as will ferrell have also joined the effort to help promote social distancing. >>> still to come. two friends using their skills and time to help others. >> it will make an impact. >> the protective equipment that they are not -- they are now giving out for free. our meteorologist is updating his forecast, he is back when we can expect rain and potentially a lot. ♪ >>> our lives have changed, dramatically change. we continue to work to keep our distance. our old and has fewer people in it. many people are working from home, doing what we can to reduce the spread. like you, our lives have b

apparently he was now fast enough, that xerox test. when he was tapped, her there he first reflexive, she was flyfishing at the time, and their first comment was, he's a very good choice but it should of been a woman. and i guess that to me encapsulates this ambivalence that it mattered terribly to her that she was the first woman on the court but she also really wanted to make the claim that it did not matter. so, i'm asking an as your staircase question but i wonder and maybe we can start with you, , jay, what did it mean to her? >> she felt both of those statements were true. from a legal principle she did feel that it is sexist to say that a woman is going to vote differently than a man on a legal issue. she felt strongly and that is what she would always say but i think that she felt that it mattered societally, and she thought that it helped the court to have a variety of perspectives. and so, she, i think she really believed both of those things at the same time. it seemed to conflict with one another but i think they were both

xerox is dropping its hostile takeover bid for hp, citing uncertainty from the coronavirus pandemic.marks a blowout to the efforts, though they may revisit the deal in the future. , going toh airlines burn through as much as $51 million in the second quarter. revenue is set to crater by 53% during the time. they are urging the government is $35x rules buys much billion in cash refunds. 35 billionmuch as dollars -- relax rules by as much as as $35 billion. still with us is ludovic subran. channel,ke german saying they need corona bonds and more support from germany. germany is pushing back. is this a make or break situation for the eu? >> i think this is the ultimate litmus test for the validity of the european union and the euro zone. either we let it continue to the national government or we find some type of institution. bond, we do a corona which as we discussed, i think it could work but it has to be longer by all the countries. luxembourg and france of the world have to ask for this. they would need to discuss the what instead of the how. not's istion we have fiscal transfers. w

then on the lazy the ranch where she grew up was not a lot of gratuitous praise so they would take a xeroxof her hand and put it on the wall underneath the sand one - - underneath the sign that says if you want a pat on the back lane here. [laughter] and she was tough and i spent the first couple of months crying by the vending machines but then they became closer. she tried to pick their husbands for them. and then she said how many kids do have and mandatory 8:00 a.m. aerobics. which they had different views. the men did not but she cared about them being in shape. one told us he was eating an i.c.e. cream cone and she came around the corner and he put it in a drawer. [laughter] >> so some of her decisions what surprised me is mississippi university for women. the first time she had an opportunity to write about gender equality. >> . . . . rotate as she always, and as it happened, she had lunch with ruth bader ginsburg is a federal court of appeals judge. he looked at her and said did you make this? they were on the same page. in fact when justice ginsburg came to the court, sandra was g

the latest blow to xerox's attempt to stimulate growth, they dropped their hostile takeover bid for hpainty stemming from the coronavirus pandemic. -- the offeralue undervalues the personal computer maker. that is the bloomberg business flash. tom: thank you so much there are people -- thank you so much. ofre are people at the pulse corporate america, people speaking with corporate officers in an original crisis. jonathan cromwell has been around for ages, distinguished, and frank aquila joins us now who drives forward so many of their conversation. what are you and your senior partners hearing when you speak to your client? frank: good morning, tom. the conversation is fairly 24/7.nt, the proverbial what we're hearing is certainly a focus first and foremost on liquidity, secondly looking at what they need to be doing to aheadheir business moving to the extent that they need to be doing things to deal with their clients, to deal with employees, and really looking at all the various aspects. there is certainly a great deal of foreboding as to what is going to come next year. tom: what w

amid falling crude prices and uber making a new pledge to help health care workers on the front line xeroxs it is scrapping the take overattempt of hp citing uncertainty over the situation >>> welcome back the number of coronavirus cases continues to climb near the 190,000 mark >> the energy department is set to announce letting companies lease space in oil reserves. the president ordered the doe take advantage of low prices to fill demand. >>> uber announced it is giving away 10 million free rides and food deliveries. helping health care workers, senior citizens and those who need assistance. >>> the owner of paceo of palo forego his salary. >> we announced that fund and a pledge we have committed to no layoffs in our company >>> taiwan plans to donate 10 million face masks 7 million will go to the eu. that plan will likely anger beijing and highlight the tensions between those two sides. back to you. >> the housing market right now is feeling the impact. more trouble is on the way as a number of americans struggle to pay their mortgages today. good morning >> today is the first of the mo

center magellanic or hand out to xerox who bring you the news and current of fans that matter to. al-jazeera. desperate for oppressive laws millions of people have sought refuge in europe sometimes their dreams of sanctuary and welcome realized sometimes disenchantment twister let's eat dry food. in the 1st of 2 films on these conflicting experiences people in power the screams of the german searching their generosity and open hearts just have been making my good to great way.

she couldn't get it -- he couldn't get the stuff -- he literally couldn't get it xeroxed fast enough to get to her. and she was a little impatient about it. but she had -- i mean, think of that for a homework assignment. and she knew that they were going to be watching her at the supreme court -- and they're going to pick this up in the next panel, i'm sure -- but those early days on the court were not easy. it's a cold place. it's marble. she would go out into those courtyards, interior courtyards, and turn her face up to the sun, because she missed the arizona sun. her first lunch at the court, only four other justices showed up. they were the brethren, remember the brethren, that woodward and armstrong book had just come out. the justices were suspicious of each other. who was the leaker? and it was not that easy for her. there was no roadmap how to do this. justice powell was very gracious and got her a secretary and she was very grateful for that. justice rehnquist, her pal, was oddly standoffish in these early years. that was not true later. justice rehnquist had a terrible bac

we're in the pre xerox machine world. say that because i remember my political science professor said that soviet union was more afraid of xerox machines than purging missiles because the spread of information was deadly to their regime. you were, of course, right again. but do the chinese really think that the world is this ignorant? >> you know, it was interesting listening to that interview, wasn't it? because i suspect as much and anything the chinese are speaking to their own populations and they seem to be doing a pretty good job within china of spreading constant misinformation and say it's the americans who are lying about their numbers, it's the americans who are doing a massive cover-up. and that must be for domestic consumption because, as you say, everybody has heard the story of the doctor. he became a celeb very quickly and when he died his picture was all over every television network in the world. there's a lot of suspicion, not just here. the french president, other european nations have raised suspicions

notebook and then i have one notebook that tells me where the articles are all the notebooks and then a xerox them all was is all handwritten. but then the work that all of us are writers you know what that is. and naomi where are you back there my absolute favorite doctor wrist not everybody knows what that is but she would agree it's one - - literally studies butterflies and has been able to show so everybody read. come on the. [laughter] naomi is not looking at me so she is probably embarrassed that she is here so where was i? i forgot where i went. writing. okay. i know why because and i covered every wall withth butcher paper some of you know that i do this for every chapter make the's outlines and then i take all the notes and it's like an architectural ditch of ideas so that when you got it your thoughts are increased and they are propelled. [laughter] so i do think handwriting is that i interesting aspect of development especially for children that i would be remiss ever to see that go away i think it is very interesting aspect like anything that you do it addssi a idimension so i do

you still have -- you also have xerox lower. it dropped its hostile takeover bid for hp. t-mobile interestingly flipping into positive territory, up about 1.5%. it is moving forward with its acquisition of sprint, looking to raise $19 billion in high-grade bonds. that would be one of the largest corporate bond offerings of the year. finally, carnival is lower by about 13% today, turning to the bond market for cash. it increased its bond sale to $14 billion, according to people familiar with the matter. that is a stock that has lost nearly 80% of its value this year. vonnie: thank you for that. that is kailey leinz on the markets. guy. guy: that's get some more insight as to what is happening in europe. let's talk about about what is happening north versus south. today we are seeing bunds bid, btp's on offer. jacob kirkegaard of the peterson institute joins us now. we are seeing a lot of stress in europe between italy, spain, germany, and the netherlands, and the big debate. everyone trying to figure out whether or not we are going to see debt utilization. the eurozone act

weekday morning my father would play in the cellar, he would play scales, he would tape on the wall xerox sheets telling you how to improve -- how the trumpeters lips form around the mouthpiece which was really hard. and over your sneakers. and and my mother will not like this. she would line the close, my father would be playing the blues or when the saints go marching in and i go out of town machines. when my father did not think he was going to have a record contact, and loved it so much, and it was a big impact on me. and after i finish writing that, that should be the final mobituaries in the book and i made that the dedication of the book and my father wasn't a cynical person and had a real sense of the romance of life and he would have loved sunday morning. he would of love that i was on it because he had that same wonderment about what it would be this week and it was a real gift for me. >> - >> she wants that - >> just in case, weight -- >> wait, wait, don't tell me his npr's news quiz comedy show that has been on for 21 years hosted by my friend peter sehgal who is the fred asta

cooperberg and i have one notebook that is a notebook about the articles are all the notebooks and i xerox them all. this is all hands written. my insights are handwritten but then the work of all of us who are writers, you know what it is. one of my favorite novelists in the whole wide world, where are you, naomi, back there. my favorite lepidoptera's, not everyone knows what that is but she literally studies butterflies and what now the coffin was close to professional, she has been able to show -- please reader. everybody read -- so many of you write books. naomi is not looking at me so she's probably not here, naomi peers. where was i? i forgot where i went. writing. i know why. i stayed in naomi's wonderful house and covered the wall with butcher paper. and and it is like an architectural pitch of ideas and when you write, you actually, your thoughts are increased, they are propelled, they are propelled by writing, propelled by moving so i really believe handwriting is a very interesting aspect of development especially for children that i would be remiss ever to see go away. it is an

and jee xerox teaming up with vr tran medical, they will make about 40 thousand ventilators this monththey plan to ramp up to 200,000 by june. and machine costs 120 each, can be used by a single patient for as long as 30 days, they are disposable and price is right. >> up next we're moments away from president's daily briefing with the coronavirus task force. we'll take you to the white house just as soon as the president steps forward. sebastian gorka joins me here next, stay with more than ever, your home is your sanctuary. that's why lincoln offers you the ability to purchase a new vehicle remotely with participating dealers. an effortless transaction-all without leaving the comfort- and safety-of your home. thats the power of sanctuary. and for a little extra help, receive 0% apr financing and defer your first payment up to 120 days on the purchase of a new lincoln. lou: joining me now, sebastian gorka, host of salem radio program america first, we're waiting for the president, we're given every indication that the task force, president will be hopeful of lower numbers of americans

and jee xerox teaming up with vr tran medical, they will make about 40 thousand ventilators this month, they plan to ramp up to 200,000 by june. and machine costs 120 each, can be used by a single patient for as long as 30 days, they are disposable and price is right. >> up next we're moments away from president's daily briefing with the coronavirus task force. we'll take you to the white house just as soon as the president steps forward. sebastian gorka joins me here next, stay with us, we'll be right back. 300 miles an hour, thats where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me that i'm protected. during turbulent times, consider protected lifetime income from an annuity as part of your retirement plan. this can help you cover your essential monthly expenses. learn more at protectedincome.org . lou: joining me now, sebastian gorka, host of salem radio program america first, we're waiting for the president, we're given every indication that the task force, president will be hopeful of lower numbers of americans dying as a result over the next two w

copying letters on the table where you would write a letter would make a copy like an 18th-century xerox machine. it wasn't perfect, but it was something george washington and many other people used to make sure their legal and personal correspondence would be safe. some of the beautiful items in mentioning, this is remarkable. me -- [audioind difficulties] in our museum.is that face was considered by many to be the best likeness of george washington ever made. an extraordinary image of a man, 53 years old at mount vernon. he got a commission from the prince of europe and the wealthiest people around. he's the finest portrait sculptor in the world at that time, certainly in europe and had to come all the way to this distant place, mount vernon, at a time when george washington was a private citizen to make his likeness is an incredible thing. it's one of the objects that was here. we have another in this room and that is of john paul jones. it is a terra-cotta bust. he clearly was a great admirer of jones, a great celebrate her of the valor of american arms and naval exploits and a revol

this is a world where ella evolution evolution is set up a million times where the viruses are xeroxes and printing out your written copies. this is a great advantage. with the antibodies that they are producing. coronavirus is in particular had the largest genome amongst rna viruses. about twice the size to go back to that sars epidemic. this is frightening. it was killing dirty% of the people who got it. eventually about 2000 people got it. it stimulated those across the way. to understand how this thing works. it became so much different than the common cold. but the thing that really saved us in 2003 is the fact that it was only contagious when people were symptomatic. when they were displayed symptoms. with different influenza. it can be spread asymptomatic lay. this gives influenza wings to fly that coronavirus and the stars form didn't. it was easier to suppress. and within a year they stopped thinking about it. the last case we have that corona vaccine. to be the chief enemy. they would have that killing capacity in the universal dissemination. greatest single mortality event i

and jee xerox teaming up with vr tran medical, they will make about 40 thousand ventilators this month, they plan to ramp up to 200,000 by june. and machine costs 120 each, can be used by a single patient for as long as 30 days, they are disposable and price is right. >> up next we're moments away from president's daily briefing with the coronavirus task force. we'll take you to the white house just as soon as the president steps forward. sebastian gorka joins me here next, stay with lou: joining me now, sebastian gorka, host of salem radio program america first, we're waiting for the president, we're given every indication that the task force, president will be hopeful of lower numbers of americans dying as a result over the next two weeks as a result of the virus your thoughts. >> we're hearing incredible news, look like figures out of epicenter in new york are having that famed lowering of the curve. less people reported with coronavirus. on top of that, every single day, brings stories, not only of patients, of individuals near death's door and recovered within hours of taking pres

seeing growth in some of the safety the blue angels just flew over there's a big roar outside pepsi, xerox, u.p.s., harley davidson withdrawing guidance. here is a list of the companies withdrawing the guidance 98 of them and our own tally here at cnbc, 30 have suspended or cut the dividend and 67 have suspended buy backs. this is just this quarter. we're only one-third of the way through earning season a lot more to come back to you. >> thank you very much >>> the federal reserve kicking off its two day meeting as i continues to help prop up the economy during the coronavirus out break. steve has more on what to expect with details from our exclus ifr cnbc fed survey. hey, steve >> we hoped to hear how the fed sees this economic downturn and recovery there's a long hard road ahead and a lot more money needed from federal reserve and from congress staying el valted through the year and only falling to 7% by the end of next year now, that's going to require even so considerable funds that. they already put in around $5 trillion another 3.4 expected in fed's balance sheet. congress needing a

certainly not the only company to pull their guide with 3m and xerox and caterpillar.welcome to

xerox and have tran medical are partnering to produce disposable companies released a statement todayg the partnership will allow them to increase vent late tore production from 40,000 units this month to nearly 200,000 by june. connell? connell: melissa, we always look trying to seek some sort of balance. the white house is considering, it says, a second task force that would look at reopening the economy as the virus has taken at least a quarter of businesses off-line at this point. art laffer joins us to talk about how we reopen, former reagan economic advisor. always good to see you, art. i was reading what they were doing in austria. it may not be a model for us but i was intrigued how they go about it. it is a step by step thing. 14th of april they take small shops and open them. may they open higher risk businesses hair salons, you have contact with people. middle of may, cafes, restaurants. on and on they go, they won't have large-scale events i believe until july. how should we go about it, ones we have this idea we are going to restart? >> well, i've been in touch with austr

and by the way you can't stay at red line for any period of time because the system will blow >>> xerox teaming up with vortranmedical to step up the ventilators manufacture usually used by first responders they will not replace the ventilators used in hospital icus but they would serve as a stop gap for patients with less severe symptoms. >>> as always, you can get more on cnbc's coronavirus coverage going to cnbc.com. kelly, back to you. >> sue, thank you very much. >>> shares of vir bio technology soaringtoday up about 29% on a partnership with glaxosmithkline for a potential coronavirus treatment and taking an equity share in vir up 2% with vir higher, as well meg? >> the two companies are working together on multimilliple appros to coronavirus and for the one that causes covid-19 that is driving the vir stock up today with the news of that $250 million equity stake from gsk. what vir focuses on is targeting antibodies isolated of survivors of disease and in this case both sars and from covid-19 and they find the best ones and then engineer them to make them into optimal medicines s

. >> host: even at the beginning of apple, xerox parc had graphical user-interface and steve jobs -- how could you have this just sitting here somebody ought to bring this to the world and put out his version. that is one thing and that is the allegation in the case but one could argue that part of what the companies and maybe even big companies become good at is actually bringing that innovation into life come into the economy and giving it to people. >> guest: a lot of people would argue that. i guess i would say i do not see the consumer electronic product that lets face it hasn't had a game changing innovation since the smartphone which was in 2007. everything else has been more or less iterative and it's been about apple being extremely clever as a marketer and is a brand creator. value at this point was in three places, globally it lives in the ip and data and big brands that are able to create the kind of near and desirability and in real estate that is kind of where the value lives. i think in the new world that we are moving into there is going to be an environment of deflat

so xerox says it is out of there. the t-mobile-sprint merger is official and a done deal as of today. mike seifert is the coo and president and incoming ceo. he is on the phone. congratulations to you. i guess you got this done. it is encouraging development that some deals can get done. this was a long one coming here. now what happens? >> it was a long time in coming. we stay focused on this for two years for a simple reason, the prize is worth it. we see potential to unlock massive scale, $43 billion in synergies, to use that scale to fund the construction of the world's best 5g network. that is our plan all along. nothing about that plan has changed and today we launch it into reality. neil: you're doing a lot to help customers. connection tivity is big problem for people in their homes. you've been leading the charge with other ceos in your arena to make sure that is not disrupted. can you update us where this stand? >> of course. we've been picturing this day for so long. we sure never pictured it would come at

. >> caller: so i'm looking forward to a long-term bet on xerox. >> i think that is a mistake after whathey did to try to buy hp, they embarrassed themselves let's go to people with dignity. to tom in new york tom. >> caller: booyah. how are you. >> i'm good how are you. >> caller: i miss bar san miguel and the long shoreman. i hope they come back soon. >> closed until further notice, thank you, though. >> caller: with that, what is your take on sun power. >> trying to relate in my own mind i think that -- i'm not a fan. not a fan of sun power the best sun business is in tesla. so let's just go back to tesla to troy in louisiana troy >> caller: hi, jim, thanks for taking my call i was wondering about carnival cruise lines -- >> they had a tough interview today with sara and will i'm not -- i know the bookies are going to be -- we're hearing the bookies are good anything is possible i don't care for the industry, let's put it that way. to kobe in virginia. >> caller: hey, booyah, jim. >> booyah, kobe. >> caller: long time listener, first time callir. i was wondering about pinterest. >> i

certainly not the only company to pull their guide with 3m and xerox and caterpillar. good morning welcome to "squawk alley." i'm carl quintanilla with morgan brennan and jon fortt from various locations. dow session high was up 378 on a very busy day for earnings consumer confidence tumbling this morning a two-day fed meeting that begins, morgan to tonight we will get a look at starbucks, ford, alphabet, and other major companies. >> i think peter at advisory group hit the discussion, noting the reasons the markets had been optimistic, the rallies in recent weeks, improved testing capacity, hopes about treatments and vaccines moving forward, all bolstering some of the reopening plans in places like most significantly in the last 12 hours, texas plus what is essentially, speaking of the fed meeting, unlimited central bank support which is the key reason you've seen the s&p come back it early october 2019 levels, but also, he notes that the economic envoorlt and how that's playing out in treasuries and high yield, the collapse in crude as well, is a very different scena

i had a xerox machine going at 90 miles an hour in my office and put together press kits, and sent outousands. we mailed thousands of kits to every major company in america about bruce's speaking abilities and, you know, we made a tape. i'm so interested in this, because i can't tell whether this-- the skills of business were developed because you thought, "i wanna be a businesswoman," or whether this was sheer survival. it was both. i think at first it was survival. you know? i had to adjust my-- even my parenting skills had to adjust, because now my time had to be allocated much differently. so, when i suddenly switched from one thing to another, it was an adjustment. harvey: and you-- but you liked it. kris: loved it. loved it. every night when i went to bed and i put my head on the pillow, i felt so satisfied once again. i was like, "this is amazing." so you had great kids, a bunch of 'em. - a bunch. - and then you decided to have more. - i did. - how come? um, i just-- you know, i still had that dream of six kids. - i just-- - harvey: and that was a dream as a child. kris: 16 year

cellar in our house and a split level bethesda and would play scales and had tapes on the wall with xeroxthat were telling you how to improve your [inaudible] which is how the trumpeters lips form around the mouthpiece and it's really hard and then at night for an hour every night he would playwa excd land jazz and i would put on metal rollerskates that could go over your sneakers and i would skate around and there was a poll so i could grab the poll when i skated by and spent like i was doing a sow cow. [laughter] and the dryer and my mother will not like me saying this but the dryer had crept out in the late 70s or something so we would line dryer close which would make it fun because my father would played the saints go marching in and i would be skating and out of towels and sheets. when in my father did not think he was going to get a record contract and do not think he would be playing at clubs in new orleans or new york but he was doing it because he loved it and he loved it so much and it was an act of faith and of love and it made a big impact on me. yeah, so, after i finished wr

anyway, paper, i'm always writing my ideas and i xerox out a lot of stuff. research a book i'll have collected thousands of pages of notes and what i do is, i can only get them straight geographically when i create piles on the floor with the notes in the right pile and when i write a column it's only 850 words, but there will be 14 piles on the floor because a pile is a paragraph and i pick up the pile, write the paragraph, throw out the notes and pick up the next pile. writing to me is not sitting at a keyboard tapping, it's crawling around the floor of nigh living room sorting my piles. >> but you write on a computer? >> i tell my students, by the time you sit and put it on the computer, your paper should be 80% done. it's about traffic management and structure, if you don't get the structure right it won't flow. and getting the structure right. and the process of the piles, creativity, sparks start coming. >> some people who are writers say i'll write a certain amount of day, if i do that, i'll do something else. do you do that way? or write until you're

xerox — the photocopierfirm — says its rapidly scaling up the production of inexpensive, disposable ventilators pandemic. its working with vortran medical, a small medical device manufacturer to scale up production and aims to make 150,000 to 200,000 devices a month byjune — with the goal of making as many as a million. samsung's profit rose 3% in the first quarter of this year — according to it's preliminary reading — which beat analysts forecasts. let's get more on this from karishma vaswani who's in our asia business hub in singapore. good news, talk us through it. you know, this is better than what analysis were expect thing, tim, so some positive signals coming from samsung. it is the well‘s biggest manufacturer of smartphone memory chips. given the fact that more people are working from home now given shutdowns and lock towns all over the region on their laptops and smart devices, that is likely to ramp up demand for memory chips which could help to offset the fall in demand for new products like televisions, smart phones. because, as people lose theirjobs, there are worries that they won

write down ideas and xerox a lot of stuff and as i would research a book, collect thousands of pagesof notes and what i do is i can only get them straight geographically so i put great piles on the floor with the notes in the right pile and when i where a column it's only 150 words but they'll be 14 piles on the floor because a pile is a photograph and -- paragraph and i write the note. it's crawling around on the floor of my living room organizing my piles. [laughter] >> actually you do go on computer? >> i tell my students by the time i sit and put it in the computer your paper should be 80% done, writing is about management, structure and organization and if you don't get the structure right it won't flow, getting the structure right and then the process of organizing the piles is the process of creativity, sparks start coming. >> some people that are writers would like to say i write some amount a day, are you that way? >> not as crazy as some writers. but i do have to write every day, when we got married breakfast conversation but i could not talk to other people and do 800 or a

the fact that there aren't work sheets, asever said, there is not money for xeroxing paper and gettingmily and what save the children is doing through dollars raised. people can go online and hear the stories like jennifer just read. over 1506 books out there or go to save the children.org/save with stories to get connected as well. it's important to not only provide content to families all across the country but also to raise a few dollars to help kids in rural america. >> such a great program. i want to just share a clip of some of the others who have been reading stories as you have, jennifer. >>. [ speaking in foreign language ] >> five miles off coast of maine and slightly overdue, a circus ship was steaming south in a fog as thick as stew! >> i've loved you since forever. before birds flew over rainbows! >> our friend hoda, as well as steve carrell. you're taking your celebrity and your talent, jennifer, using it for save the children and for that, we really love you for you. >> oh, thank you. it was amy adams' idea for the record. she called me and said i have this idea i think

in a lot of cases, even at the beginnings of apple, xerox park had a graphical user interface. how could you have this just sitting here, somebody ought to bring this to the world and put out this version. theft is one thing and that's the allegation in sonos's case but couldn't one argue that no matter what companies and maybe even big companies become good at is actually bringing that innovation into life, into the economy and getting it to people? >> a lot of people would argue that. i guess i would say i don't see a consumer electronics product that really lets face it, haven't had a game changing innovation since the smart phone which was in 2007 . everything else has been more or less iterative. and it's been about apple being extremely clever as a marketer. as a brand creator. value at this point lives in three places. it lives globally, lives in it and data, in big brands to create kind of the near and a desirability and in real estate. that's kind of where value lives . i think in the new world where moving into, i think that there's going to be an environment of defla

we would burn up to xerox machines making copies of the curriculum that we had. we re-wrote he entire air combat maneuvering. we incorporated mcdonald's top manual we we wrote each individual flight profile and how it was going to be conducted. i wrote the mandated safety requirements because i knew if we killed anybody or wrecked an airplane -- i had to borrow the dam airplanes. if it did not work, school is over. so it worked. every guy pitched in. i make the statement. i get to write a book. i get the credit. i wrote a book a good book. i get to go on fox news and do all the pr work making the book go. the book is a legacy to all of the top gun guys 560 of them on may 1st this year the 50th reunion and san diego. we had 42 skippers there. were they good? we have a four star admiral in the mix. we've got five or six three star admiral we've counted two stars. but those who got out of the navy actually made a real success of their civilian life. i am really proud of them. all of them. as you can tell. that had we not had any single guy. had he not been part of t

but we had typewriters, we burned up two xerox machines making copies. we rewrote the entire air combat maneuvering syllabus. we rewrote each individual flight profile. how it was to be conducted. i wrote the mandated safety i knew if we killed anyone or wrecked a plane -- i had to borrow the airplanes. if it didn't work, school is over, clyde, go home. but it worked and every guy pitched in. i get the credit, they asked me to write a book. i get to go on fox news and do all of the pr work. making books, making the book go. the book is a legacy so all of the top gun guys, 560 of them on may 1st of this year. the 50th reunion. we had 42 skippers there. were they good? we got a four star admiral in the mix. five or six three star admirals. don't even count the two stars, but the guys that got up have made a real success of their civilian lives. and i'm really proud of all of them. every single guy, in the beginning, it would not have gotten done. jimmy lane, who you see pictures of the ejection. jim lane ejected quite over there. and the other is smash nas

well, xerox dropping its bid to acquire hp.ing the coronavirus outbreak for ending the $35 billion offer. hp has said that xerox's proposal under-valued the company. hostile takeover was backed by carl eikan. comedian larry david is urging people to curb the time they are spending outside. >> i basically want to address the idiots out there, you're socializing too close. it's not good. the problem is, you're passing up a fantastic opportunity, a once in a lifetime opportunity to stay in the house, sit on the couch, and watch tv. go home. watch tv. that's my advice to you. cheryl: maybe watch his show. the curb your enthusiasm store has added that his show is proof that nothing good happens outside. the psa was tweeted by the california governor's office and it has since gone viral. finally, maria, you're going to love this. dolly parton coming to the rescue of parents who are still working 9 to 5 while quarantined at home. the country music legend is going to kick off a virtual series, good night with dolly. she's going to be r

were a lot of hyper texty systems like this in the late '80s, early '690s, coming out o apple, ibm, xerox. i know they don't look that glamorous now. but i promise they were exciting in different ways. nearly every team building these systems at the time had women in senior positions if not at the helm. that's because hyper text as a discipline was welcoming to people outside traditional computer science backgrounds. if you went to an early hyper text conference, you'd be surrounded by humanists, poets, historians, what wendy calls the lit rory. it was people interested in making meaning out of data. all these systems, as different as they were from one another, they shared the value, the idea that the association between ideas is what was the most important thing about making links, why links were connected. to that community of scholars, that was the very essence of the field because from why emerges the deepest kind of meaning. in fact, it was so much what the discipline was about that when sir tim burnersly, the male equivalent of a damehood for his contributions to computer science,

xerox dropped its hostile takeover bid for hp.tocopier and printer company blaming uncertainty stemming from the coronavirus pandemic. electric,eral finalizing the $21.4 billion sale of its i/o pharma business. that brings in -- of its biofarma business. the unit to denna here. on monday, blackrock ishares gold trust attracting $332 million, its biggest inflow since 2011. taking in the fund almost $2.9 billion. that is the most since 2009. that is your bloomberg business flash. alix: thanks so much. joining me now is sylvia oflonski, managing director direxion investments at referee asset management. give me some insight as to how we are set up for the second quarter. sylvia: good morning. there are definitely some corona economics and the markets. i think when we take a step back and look at the markets, we see valuations globally looking fairly attractive. you can't call the bottom, but if you have a long-term time horizon, there are some bright spots out there. some of the flows we have seen recently have been in places etf's t

but we had typewriters, we burned up two xerox machines making copies of the curriculum. we rewrote the entire air combat maneuvering syllabus. we incorporated mcdonald douglas' tack manual, rewrote each individual flight profile and how it was to be conducted. i wrote the mandated safety requirements, you know, because i knew if we killed anybody or we wrecked the airplane -- i had to borrow the damn airplanes. and if it didn't work, you know, school is over, clyde. go home. and so -- but it worked. every guy pitched in. i make this statement -- i get the credit. they asked me to write a book. i think it's a good book. i get to go on fox news and do all the pr work, making the book go. the book is a legacy to all of the top gun guys, 560 of them on may 1st this year that attended the 50th reunion in san diego. we had 42 skippers there. were they good? we've got a four-star admiral in the mix, got five or six three-star admirals. i don't even count the two stars. but the guys -- those who got out -- those who got out of the navy have made a real success of their civilian

so many different things we never talked to hp xerox. it will be interesting to hear from mr. culp. >> we need a different channel where we talk to each other. >> a channel for the news we used to do that's a great to do we'll see you tonight. >>> we are hanging in close to session highs. the session low was minus 208. 2490 on the s&p and oil is ldg 22 back in a minute at&t has connected us every day for over 100 years. and we're here for you - especially now, doing everything possible to keep you connected. through the resilience of our network and people... we can keep learning, keep sharing, keep watching, and most of all, keep together. it's the job we've always done... it is the job we will always do. edward jones is it'swell aware of that.et. which is why we're ready to listen. and ready to help you find opportunity. so. let's talk. edward jones. it's time for investing to feel individual. >>> we've swung higher on the markets with the dow up more than 130 time for our etf spotlight a look at energy energy spider etf. hopes for a saudi russia oil truce. still down 50% so

. >> meantime we're watching shares of hp the tech company falling after xerox said the environment isagnostics is withdrawing it's 2020 guidance that's because people just aren't going the doctor and having tests for other things right now. quest is doing 30,000 covid set as day but still doesn't make up for the short fall shares of quest are down by 1.1% andrew >>> okay when we return a lot more on "squawk" a brutal quarter for airlines. traffic coming to a screeching halt thanks to the coronavirus outbreak many spring schedules being reworked check out some of the big airline names this morning we're right back with that story after the break. >>> all right. welcome back, everybody. we'vebeen watching the futures this morning and have been seeing some steep losses indicated, at least hide of the opening on wall street right now after one of wall street's worst quarters on record dow futures are indicated down by 744 points. obviously march was a very difficult month. the quarter, the first quarter was a difficult one. we'll see what happens you can see for the dow it was down 23.2%

we saw that in the case of xerox and hp going their separate ways now. now is not the time about coming together for another company hostile or otherwise. it is adding to the fear that probably won't change until we see progress on this virus or at least the arc changing. >> sandra: yeah, we just had a full screen up there. you can see the opening bell here, 4% drop out of the gate. 868-point loss already. we had a full screen up showing the losses for the dow and s&p and nasdaq for the first quarter. the dow lost 23% of its value, nearly a 7,000 point drop over three months. s&p 500 down 20%. we got news this morning ahead of the big government jobs report out this friday that adp employment report. it did -- was better than expected although it did show a huge loss for small businesses. they are struggling in this environment. you and i have talked about this since we've known each other. they are the engine of our economy. you see what is happening to them. what is the future for our small businesses in this country? >> you know, i notice what's inter