Performance for the dow and the s p since the great depression. We have fox Business Team coverage. Blake burman with the latest, with the president. Lauren simonetti watching the markets. Edward lawrence is live in d. C. Lawrence, lets kick it off with you . I have to say good riddance to the month of march and it was really awful. Let me tell you how awful it was, the worst month for talks since the 2018 financial crisis. If were talking, dow lost, nasdaq lost more than 900 points this month. Not one dow winner in the entire month of march. In fact four march, worst one for the dow and s p 500 since, ready for this, the great dedepression. Does it get any better for the First Quarter . Not really, the dow down 23 in the First Quarter of the year. S p down 19 . Nasdaq down 12 . We had a winner in the quarter, just one. Out of 30 dow stocks it, was microsoft up barely but in the green. The worst stock for the month, for the quarter on the dow was boeing. This is a stock that saw 330, then 89, settling now at 150 a share. So it was certainly volatile and crazy. This is a month and a quarter where we saw Circuit Breakers hit saw human traders not on the floor. We saw the bottom of the market in quotes, on the 23rd of march. Will we mitt hitt a new bottom other was that the bottom . No one has answers until the coronavirus peaks in the u. S. We have adp tomorrow, culminating with claims. And then earnings. Well see how bad this really will get, guys. Back to you. Melissa all right. Lauren, thank you. Connell . Connell lets talk about it a little bit. Our market panel today is gary kaltbaum, kaltbaum capital managements president. Liz peek joining us, columnist for fox news. Com and both gary and liz are fox news contributors. We have not these where do we go from here Market Segments lately because to lauren simonettis point nobody knows, right . Caveat to start the discussion. Gary, we never miss one of your morning notes. I saw this morning, i dont know where you got this, there is 35 chance weve seen a bottom in the market. Lets start the talk about the quarter is finally over there. What are you looking at . Last monday i really thought a real good low was put in and it has gotten better but i do think in around here over the last three days were seeing a high for this second. I think well start seeing some pulling back, some bouncing around. But you got to remember, when you get drops like this, they have to work themselves out over time. So i think if we get really great news on the virus that will be a big help. But i remember the 87 crash t took one year of sitting around doing nothing. You go back to 38, same thing. I think well back and file right here. I wish i gave you better news. What i will look on the pullback to see what shows up best on my screen, great relative strength, companies with great earnings and Revenue Growth even though im not sure well have too many in the next quarter but i believe last monday could mark the low of the bear but i need some more cards coming out of the deck in the weeks ahead. Connell fair enough. Liz, your view on this . You followed energy for years. It is striking well talk about this in more detail later in the hour. Asset classes and declines weve seen, crude oil for the quarter, First Quarter, forget stocks for a minute, crude oil is down 65 plus percent, Something Like that. Obviously that translates into big drops for the energy stocks. How do you look at some of these, these names that have fallen so much . Well, i would say this, connell, i dont think it is appropriate to look at oil prices as a measure what is going on in the global economy. Obviously it is related to that. But when you get to a certain level of glut, which is where we are right now, it costs people money to store oil. Also they run out of storage. That is what is happening now. In other words, there is almost a negative value to oil right now. Weve seen this happen before where you get to sort of an economically reasonable price. Then it just completely craters because nobody wants to hold on to excess supplies. So, i think, first of all, i think in general, that is the situation in the oil business but by the way, this cannot persist. The ol oil market will right itself. May take upturn in demand and supply will go downtick larly in the u. S. The rig count, economics suggest, that et cetera. So oil prices will eventually even out at a higher level but right now as i say the incremental barrel is worth basically nothing. And thats the problem. Melissa yeah. I would like to store a few barrels in my basement. Meanwhile exactly. Wouldnt we all. Melissa the jobs report coming up on friday, right, exactly, how much damage is permanent in the economy . Gary, let me start with you because as you look out across the economy, what is going on right now, the big question, what will bounce right back . On services will come right back, and what is the permanent damage out there . What is your thought . You start with the fall, one of our favorite restaurants in lake mary florida, said theyre shutting for good. You go to the big, if im ceo of a major airline, demand starts to come back, what do i do . You cant just go back to full capacity. You will start somewhere and edge higher as demand comes. Leave no doubt, a lot of things will be left in the wake of businesses that do come back but 50 of the way, 75 of the way, 100 . That, in time, you know i think time will heal all wound but i think, two words, damage done, and it is going to take a while for a lot of businesses. I also think about what happens with disney when they open up. International flyers, tourists are not going to come here as quick. Again, time will heal but again i think were going 50 to 75 of the way back. Then thrill with be a lot of reassessing. Melissa yes, liz. I mean i guessder how much pentup demand there is going to be when it is over . Or will consumers feel like they dont have the luxury of spending because theyre so worried after it is all over . I think, the problem with all of this estimation is there is nothing that is ever happened like this before, in the sense that we have intentionally shut down Economic Activity and suppressed demand. I think President Trump is right, there will be huge pentup demand. Not everyone will lose their job. Not everyone will see their business fail. Meanwhile everyone will have put off, most of their purchasing for three months. And also travel and stuff. Im not sure gary is right. Seems to me when disney reopens, there will be a lot of families if theyre able to, who have put off the vacations they will want to have a vacation. This has not been a particularly cheerful time. Melissa right. So it is impossible to know. Obviously job losses tomorrow will be horrific. The adp number, i think estimate is around half a million jobs lost. It will be very bad for a period of time. All the numbers are going to look terrible for the next month or two. Beyond that, we hope it will start turning a little more positive obviously. Melissa i mean, one interesting factor is that nobody is giving you your money back. So if you dont do the travel, if you didnt do the trip, maybe you got a credit for the future. So people end up going back out kind of getting in that way. It is not like you got a refund. Gary, liz, stick around. Connell . Connell lets go to the white house to get the latest news from there today. We are awaiting for a Coronavirus Task force briefing that will come our way, if it stays on schedule at the top of the next hour. Blake burman joining us with all the developments. Blake . Reporter connell over the next hour or so the president s Coronavirus Task force was set to be meeting. This comes ahead of what is coming in the upcoming hour were likely to hear from the president himself and members of the task force about the guidelines going forward. This was the end of the 15day window that the social distancing guideline that the president and members of the task force had put in place. On sunday we heard from the president in the rose garden say, the social distancing procedures he would recommend and the task force recommended would stay into effect for the end of april. Were waiting to see the other guidelines, the other recommendations. For example, will they recommend staying in excess of six feet away from someone . Gatherers, 10 feet or fewer . A couple of different items. We anticipate we should be hearing from the task force potentially in the upcoming hour. On the economic side of things earlier today though, the president weighed in as well saying what he would like potential phase iv relief package to look like. He wants it to come in the form of infrastructure. This was the president s tweet earlier today, teeing that up, saying quote with Interest Rates from the United States being at zero, this is the time to do our decades longawaited infrastructure bill. It should be very big and bold. Two trillion dollars and be focused solely on jobs, rebuilding the once great infrastructure of our country. Phase 4 wrote the president. This afternoon, by the way, connell and melissa, the president spoke with leaders in the telecommunications industry. The topic of conversation there likely being sure americans all over the country will have access toe needed information at this time, the surge of bandwidth considering so many are at home right now. Back to you. Connell we know all about it. Thank you, sir. Blake burman in washington, melissa. Melissa now to Edward Lawrence in d. C. With the latest how americans and businesses can get the money from the relief bill. This is the report everyone is waiting for, the information. Edward, take it away . Melissa, for most eligible americans you dont have to do anything except look at your bank account or watch the mailbox. Starting on april 1th the irs will deposit those checks and send out the rest of them afterwards as they are down processing them but there are some, say if you have a bank account you have changed or youve ended a relationship with a bank. The irs next week will put on the website a way for you to identify yourself and change the routing information there, to go to the correct area. Say youre one of the few people who dont have to file a tax return . The small group there, like low income taxpayers, some veterans or people with disabilities you have to submit a simple tax return. No taxes will be taken out but it puts you into the system to get the direct deposit check. For senator Lindsey Graham he thinks the direct money will work but the states will be overwhelmed with the expanded unemployment insurance. The unemployment part of phase three im very worry worried about. The every state has Unemployment Commission to issue unemployment checks. Three million applied last week. There will be million more this week. Im concerned it will take six to eight weeks to get an unemployment check. Reporter in order to make sure Small Businesses keep employees on the payroll the Treasury Department sped through the process to get this 349 billion of loans out. The result, the rules for lending posted for banks today. Small Business Owner will walk into the bank. They need to verify they were in business on february 15th. Banks will then want to verify a business has under 500 employees and paid salaries and taxes on those employees. The banks will look for documentation on the average monthly payroll costs for 2019, and the banks will follow the Bank Secrecy Act requirements. In order to process the loans all the fees for the profits sing will go from the federal government to the banks. No fees are charged for the small Business Owners. Those are starting on friday. Small Business Owner can go online into a bank, or bank branch and have the money the same day. Back to you. Melissa edward, thank you. So lets bring back in gary and liz to react to all of that. Relief is on the way, money is on the way. What impact do you think it has, gary . Ill tell you a lot. People who worry, people are out of jobs, people sitting home not knowing where the next paycheck is. So the fact this thing is getting done quick, terrific. But as far as the loans and sba, i was on a 45 minute Conference Call before doing this television hit with big charity im with. Theyre not even sure yet how to get it done. So the good news this has come out. What i would do if i was administration, you know how we get tons of ads pushed to us on the web . Maybe the government pushes ads to everybody how to qualify and how to register for these sba loans because i got to tell you, 30 million Small Businesses with a lot of them on their knees right now. They are going to need help and quicker the better. Lets hope they recognize that, and i would be just about as loud as can be sending this information out. Melissa no, liz, that is true. As soon as Edward Lawrence send me information i immediately send it out to all small Business Owners i know but we heard people say, go get started. Go to the usual lender. Go to the bank. Tell them youre eligible for this loan or go directly to the sba but go where you normally get money and tell them you want to get the process started, right . That is absolutely earnings. By the way i went on the sba website earlier today and it is very clear. The homepage directs you to a very simple form that you have to fill out. I should say it is very simple compared, for example for filing for taxes and they say it takes two hours. It goes through a lot of documentation perhaps. I didnt get all the way through the thing because im not applying for a loan but i have to say i was very impressed that it was front and center. It looked very straightforward but i think youre right, melissa, it is a Great Service you can do on this show and everyone can do to tell people if youre, i mean i have friend, little companies of one sort another, get started because you know it will not happen overnight. As much as the administration is cutting red tape trying to make this happen, it will take a while. Oh, boy, is this important for the nations psyche and employment and Everything Else at this point. Melissa yeah, there are a million Small Businesses around me i know are going to have a ton of customers when everything comes back online. They have been around for a while. They need help in the short term. I keep telling them the same thing, go to the bank, go to the sba, get started. Dont wait to hear about it somewhere else but money is on the way. Gary, liz, thank you for that. Thank you. Melissa meanwhile more than 838,000 cases worldwide, and 177,000 right here in the u. S. The nation now leading the world in the number of coronavirus cases but also in the number of tests with nearly 100,000 tests conducted per day. Well have the latest on the pandemic and which regions are flattening the curve. Connell . Connell we also talk all the time about businesses fighting back. Now there is a growing list of companies who are seeking thousands of new employees. Theyre hiring in the middle of the pandemic. Some industries remain under extreme pressure. Well break it down. Both sides where things stand. Stick around. Thats why were a fiduciary, obligated to put clients first. So, what do you provide . Cookie cutter portfolios . Nope. We tailor portfolios to our clients needs. But you do sell investments that earn you high commissions, right . We dont have those. So, whats in it for you . Our fees are structured so we do better when our clients do better. At Fisher Investments were clearly different. Connell we have fox business alert. This is on xerox. Xerox is actually ending that 30 billiondollar bid it had out to buy hp. What happened was according to the report, the pandemic basically undermined the ability of the company to pull off the merger which was laden with debt to begin with. It is not happening. The report from dow jones, xerox ending its bid for hp. Melissa . Melissa the economic bright spot amid the pandemic, companies spanning from retail to technologies are expanding their workforces to meet the surge demand for goods and services. Here is jack hough, barrons associate editor. Also the host of barrons street wise podcast. These are the numbers im trying to balance. Look at all the companies, mostly retailers like macys, hotel chains are furloughing their employees and that is really tough news. At the same time you see a long list of companies who are desperate for workers because there is so much demand for workers. Instacart looking for 300,000 employees. Amazon 100,000 employees. The list goes on and on. It tallies up to a really big number. How do you think it shakes out . What is the net effect of all of that, jack . The net effect is going to be negative for jobs in the short run but, ill tell you, the smartest people out there are figuring out how to pair those two things off that youre talking about. I will give you an example. I spoke recently with larry merlow, the chief at cvs, the drug chain. He is looking to hire 50,000 people. Some were already requisitioned. Some to provide relief for front line workers who need time off or things like that. And what he did was, he went out to some hotel chains that furloughed people, clients of theirs, like marriott and hilton, he says theyre getting excellent results, hiring from people there directly. If you need people in a hurry, that is a great place to find them. Melissa no, that is absolutely brilliant. I heard other stories like that. You look it, im scrolling through, cvs looking for 50,000 people, dollar general, 50,000, pizza hut, 30,000. Loews 30,000. Dollar tree, 25,000. As we go through all the numbers, that is a lot of people and it is real hope for the economy. I wonder too, i mean this is kind of the transition was happening anyway. Macys needed to shut down stores. They needed to get rid of workers. People werent going into their stores. This kind of made that happen quicker but other places, you know, when you look at the list, you know, dominos, amazon, these were all places people were ordering online and kind of learning to live their lives that way. Did we kind of speed up what was naturally happening, do you think . It is such a good question, and it is something that im, kind of thinking about, working on right now. I did a cover story in barrons late last year, it was on retail and what i wrote about it is, were likely to go through a decade of accelerated store closures in america, not because, at the time, not because of the pace of Consumer Spending was bad, it was quite good. Because we have too many stores. We built way too many malls in the 1980s. Our chains expanded far too fast. We have more retail space we need. That was before the pandemic. So you can imagine now how we were already going to have this reckoning. Were doing it now on an accelerated pace. Well have some profound changes to this economy that will last long after this virus is gone. Melissa well, so let me take you to the real estate front on that one then. If you take that sort of logic and theory forward, and you look at the turnover, so you have huge malls and stuff, obviously arent needed anymore, but you do really need big depots when you order something for them to organize it, whether it is groceries, what it is, get it back out, i look into urban areas, if you look at new york, there are so many empty stores because nobody is going into stores. We also have the tax problem, all kind of other things compounding that, but you see more popup places like a nordstrom stopin, doesnt have the merchandise but a place for you to bring back what youre returning or maybe get some sort of service if something is broken, maybe this real estate gets used for different purpose . What do you think about that . Everybodys thinking about that now especially within closed malls. Before the pandemic, you know, i would have guessed that probably 2 3 of americas enclosed malls were headed for death basically. We dont need them anymore. You can already see it. If you drive up the hudson river from where we are, you can drive three malls you come to, find one on east side of the hudson was doing pretty well in poughkeepsie. Two on the west side that were dying. What is happening developers are coming along, theyre buying the malls. The malls are ghost towns. They have very few stores. Developers will buy them. These sold recently for seven million bucks, they will basically flatten most of the enclosed small space. They take a cluster of the anchor stores, if theyre healthy anchor stores, ones doing well, best buy, dix sports, something people are shopping, not a sears or Something Like that, they keep the stores, but they want stores outward facing. Customers no longer want to go into the maul to look for the store. Mall. They will add residential, office space, medical offices they adjust to the way people are shopping and doing and living now. Melissa that is so true, jack. Especially im glad you mentioned health care there, that is a lot of what youre seeing whether the urgent care or doctors or whatever it is for an aging population, you know that is another thing that takes advantage of that space. Jack, thank you. Appreciate it. Thank you. Melissa so combating a sharp spike in cases, emergency Field Hospital is operating today in central park as chicago is transforming its Largest Convention center to serve strictly covid19 patients. Plus, connell . Connell calling for new oversight. How thousands of pharmacies across the country are responding to the potential prescription shortages. Well have that story coming up. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. And platelet donations and asks all healthy donors to schedule an appointment to give. Now, with the corona virus outbreak, it is important to maintain a sufficient blood supply. Your Blood Donation is critical and can help save lives. Please schedule an appointment today. Download the blood donor app. Visit redcrossblood. Org or call 1 800 red cross today. You can make a difference. Who stood up. Who stood strong. Who demanded to be seen. To be heard. To be counted. Learning about their courage and grit. Inspires us to pass it on. To the women who are next. Find your familys connection to this moment in history. At ancestry. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Connell fox business alert, in from toronto, canada. The mayor made announcement up there, theyre canceling all the Public Events in the city of toronto through june 30th. Threw june 30th. Quite some time from now. Back closer to home, emergency Field Hospital opening up in new york citys central park where professionals gear up to help overthrow patients from mount sinai hospital. In chicago venues continue to convert into makeshift hospitals in preparation for aing increase in covid19 cases. We have Fox Team Coverage from both cities. David lee milner new york, matt finn in chicago. David lee, we start with you. Reporter connell the Field Hospital here in central park should be up and running in little more than half an hours time. The Field Hospital, you may recall, started construction on sunday, and for the next 48 hours crews have been on the scene, the felt hospital is going to have 68 beds including 10 that will be icu capable. Admissions are going to be handled by the nearby mount siocated directly across the street. Mount sinai like many facilities in the city is struggling to cope for the growing number of coronavirus patients. All hospitals in the state are ordered to increase bed capacity by 50 . At mount sinai, they are now constructing facilities in the buildings lobby in order to accommodate additional patients. In new york city borough of queens, part of u. S. Open stadium will be converted to a hospital. 350 beds at the Billie Jean KingNational Tennis center. Construction will take about three weeks. Mayor bill de blasio says the city obtained 250 additional ambulances from fema. The city is distributing badlyneeded supplies to all hospitals, hospitals owned by the city and private. Those items include three million surgical masks. Still though in short supply, ventilators to create those critically ill. De blasio issued a plea to anyone that might have one that is not being used. If you have got a ventilator in your office in your operating room, we need it now. It should not be sitting there doing nothing. This is a war effort. Everyone needs to contribute. You will get it back when this battle is over. Reporter in recognition of the hard work by emergency workers last night the Empire State Building replace its customary lighting with ones colored white and red. The colors resemble an emergency beacon. The operators of the building say the practice will continue until the crisis is over. Melissa, a iconic image in new york city has taken on very special significance. Melissa. Melissa thanks, david. Matt finn live in chicago where the city prepares for an increase in cases. Matt . Reporter melissa, just a grim scene outside of the Cook County Medical Examiners Office here in chicago. A large refrigeratorred truck has been tamped to the facility to accommodate the bodies of covid19 patients. The medical examiner tells fox business right now there are 30 deceased being stored in this trailer. The refrigerated truck serves two purposes. Abundance of caution to keep covid19 bodies away from others and the truck will free up space when the citys expected surge of covid19 deaths hits. Chicago, cook county, one of the nations hot spot. Illinois has 6,000 confirmed covid19 cases 99 deaths. Majority in the cook county and chicago area averaging 15 to 20 deaths per day. Chicago is home to the Largest Convention center in north america, mccormack place on Lake Michigan. The army corps of engineers right now transforming thousands of square feet into a 3,000 bed facility to treat coronavirus patients. Chicagos mayor says she hopes the 3,000 beds will alleviate chicagos Health Care System similar to the u. S. Navy hospital ship comfort in new york. I dont anticipate a large naval vessel on the shores of Lake Michigan but that is why were taking other steps to make sure that we have added capacity to help meet the challenge and the surge that will come to our hospitals. Mccormack place is a pretty good example of that. Reporter the city of chicago now has 2600 hotel rooms that are available to firstresponders that worry about bringing the virus back into their home. Melissa, connell . Melissa thank you, matt. A possible slowdown. New research of several virus hot spots suggest restrictions are working. Were breaking down the numbers next. Plus, connell . Connell were waiting, melissa for the update from the white house and the Coronavirus Task force on the pandemic. President trump moments ago on twitter saying that will start today at 5 15 p. M. Eastern. So it is a quarter after the next hour, says the president. Well have that live for you of course. Also today the ncaa approving an extra year of eligibility for all student athletes in spring sports. They had their seasons canceled because of the pandemic. It allows the schools to expand their rosters beyond the current scholarship limits to try to account for incoming recruits and seniors who were expected to leave. 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Look at quarterly performance of other Asset Classes some is kind of interesting. The worst performers was the Dow Jones Industrial average with a 23 decline. Look at crude oil for the quarter. Oil prices down 66 . We look at cattle futures, live cattle down by 26 . So with all the restaurants closing not a surprise i guess to see that type of a movement. Then were looking for some winners. There are a few. One that i guess stood out, was bitcoin. Bitcoin for the quarter was up 22 . That other one, orange juice, were all stocking up, stocking up on household items, orange juice 20 higher for the quarter. What a quarter. States meantime trying to flatten the curve, data coming in, the coronavirus that suggests that a slowdown in spreading may be happening when people do indeed practice social distancing. Now that we had a little time to look at it. Dr. Chris martin send, a stocks come gift on the show did, toxicologist. There are little pieces of data, dr. Martin, the kind of increases in percentagewise in San Francisco and others were not seeing them anymore. Is there enough there, a glimmer of hope that what were doing might be starting to work . Well, yes there is. Social distancing works and were very glad to see that it works. Of course we dont know how long you have to keep that up but everywhere weve seen practice socalled lockdowns, quarantines, shelter in place, whatever we are calling it, as long as we have people not interacting with each other, not assembling in large crowds that is an important step. In the countries really flat ening the curve, everybody is wearing a face mask. That seems an important addition to all of the other social distancing things that were trying. Connell lets talk about that a little bit because it came up yesterday. The president was actually asked about a report, we had one of the authors of that report prior to his comments on our show from the American Enterprise institute report, scott gottlieb, former head of the fda helped to write it and dr. Mcclellan who was on with us was one off the coauthors, and they mentioned in their report when we get to the next phase, when we start going back to work, when we start going back to school that wearing a mask might be a good idea. In the past were told, if youre healthy, dont wear a mask. Tell us what the research, the data has shown on that . Yeah, it couldnt be any clearer on this at this point. The reason everybody wear as mask, we dont know who is sick, because we have this asymptomatic phase where people have the virus, theyre shedding the virus, but they dont have any symptoms yet. Because we have that condition, we cant tell who is sick. Of course they had rules before, guidance connell were losing that shot a little bit as it, kind of freezes up on us. All right. Well the idea there, as dr. Martin send is saying well have a time in coming days and weeks to debate it a little bit more. You wear a mask when you start to go back to work, so if you dont know you have the virus and youre asymptomatic you dont spread it to somebody else. Well continue that conversation hope fully in the coming days. Melissa. Melissa the joys of everybody doing interviews from home. Were following the rules here. Finding ways to ease hospital demand. One st. Louis hotel is offering to transform rooms into hospital beds while giving back to workers at the same time. You wouldnt accept an incomplete job from anyone else. So why accept it from your allergy pills . Flonase relieves your worst symptoms which most pills dont. Get allinone allergy relief for 24 hours, with flonase. Shbecause xfinity mobilehen ygives you more flexible data. 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Talk to me a little bit about the struggles right now. I imagine there is more demand than ever to go to the local pharmacy given what is going on but what are some of the pressures youre facing . Yeah there, are melissa. Thanks for that question. There are over 20,000 independently owned pharmacies and right now they are definitely on the front line. Theyre seeing patients every day. They act as a safety net for these communities both in normal times and in National Emergency times. So theyre seeing increase of patients with questions, asking about therapy, the therapies they have been taking and new therapies. Were seeing expanded use of home deliveries. These pharmacies have always been doing sameday home delivery. Those have exploded a number of them. Theyre compounding Hand Sanitizer to fill that Public Health shortage. So theyre very, very busy right now. Theyre fulfilling this role as a safety net for their communities. Melissa yeah. No, we have a couple really grade ones in new york and we really count on them, you know, they arent, sort of that generic, you walk in, they dont really know the answers, they may or may not have the product. When you have a real local pharmacy you dean pend on, they know you, theyre there to actually help you, so that is a great thing but i imagine it is really tough right now. One of the biggest concerns is our supply chain for drugs. You know, with some of the products in them coming from china, and then, you know, also, just trying to get these latest therapeutics, talk to us a little bit about that. Well, right now, job number one is stopping coach individual 19. That is the covid19. That is the enemy of the day, when everything is settled down we get past this as a country we definitely will get past this, we believe there needs to be a strong look, what we believe is overreliance on active pharmaceutical ingredients from china. Just as we wouldnt buy all the military supplies and allow that from one country, let alone china, much of our active pharmaceutical ingredients come from china and we think that is a real vulnerability in the supply chain and a real vulnerability for the health of america. The time may not be now but the time will come soon, we really need to look at that to make sure were protected as a country from again, all these active pharmaceutical ingredients coming from somewhere else. Melissa i know the value of the neighborhood and the single pharmacy is versus giants like cvs. How do you compete with them . Has it been difficult in the past . Does a crisis like this make it easier because people are more focused on you . Is there a chance of the little guy going out of business . We compete very well with the big guys because you cant put health care on an assembly line. People want very much customized care for them. So those folks who have greater prescription needs, they will come to you, independent pharmacy. Consumer reports, j. D. Power, other independent sources rate independents the very highest where we, struggle sometimes is with the Insurance Companies and reimbursement for what are called pbms, pharmacy benefit managers. And that is a concern right now there is such an increase in business and it can affect cash flow. We are excited about the cares act that was passed to help Small Business. We are hopeful that some of those Small Business provisions will be helpful to these independent pharmacies. Melissa no, that is a great point. All right, thank you so much for coming on. We appreciate it. Connell . Connell we know, melissa the Hospitality Industry has been absolutely crushed by the virus and you know, travel in this country has basically come to a halt. Some hotels though have been coming up with creative ways to help some of their workers who for the most part have been laid off and theyre even repurposing their rooms in some cases. So were joined by amy gill now, the owner of hotel st. Louis and we thank you for coming on with us, amy. We try to do a story like this once or twice a show if we can, just because, i think people watching that own businesses might be inspired by it. There are many Business Owners who are doing a lot of great work in this country. Tell us about this program called hospitality heroes. What is it . So basically what were doing is, trying to make sure because, the new act that was passed will help a lot of our employees, but it wont help all ever them, especially what were concerned about, people that were part time and, so in our business, what were trying to do is, were doing meals for hospitality workers whether ours or somebody elses. Making sure that we have meals for them. Were doing lowpriced meals. Also were doing, for our employees free family meal every night, take out, so that you can feed you and your family and, hopefully like bridge that gap because, as we all know, with people applying for unemployment and applying for food stamps and everything it takes time. Just making sure that our people are take care of while this is going on as well as all the other hospitality workers there with somebody who cant afford to do Something Like that. Were basically lucky to be able to do it. Connell good for you. Obviously it takes time. You apply for unemployment as many people applied last week, there were plenty of others, we heard about this in new york the website was crashing, whatever the case may be are frustrated by it. Also with parttime workers i believe in the next time they will be eligible under the act but to your point they couldnt do it either. We have heard so much about our city in new york that hit so hard and others. How are things out there . How are things in st. Louis . We got hit much like new york. We locked down about the same time you guys did. So at least in the city of st. Louis. So were experiencing the same kind of things that you guys are experiencing. Were trying to make sure that you know, were covering our people and, i think, you know, hospitality has been hit very hard. Restaurants have been hit very hard. Were trying to make sure we cover our people, taking care of our people. There are so many people out there who are trying to do something. Connell yes there are and youre one ever them, amy gill, thank you very much. All the best to you. Tell your workers out there we hope you bounce back sooner rather than later. Melissa. Melissa were awaiting a briefing from the white house. The task force is set to give around update on the pandemic a few moments from now. Well bring you the latest numbers and information next melissa just a few moments from now the Coronavirus Task force will give an update on the pandemic. Reporter they will tell us what is working and what is not as 3 in 4 americans are in some sort of lockdown or stay at home order. Will the president stay say 6 t away is working or is 27 feet needed. More than spain, more than italy and china, new york state ground zero, about 75 thousand infection. Increase 8400 since this morning. Imagine that. New jersey, california, louisiana also dealing with outbreaks and high numbers. Is social distancing working, yes. Looking at state of california their peak number of infection one week after stay at home orders went into effect. As we heard from Governor Cuomo today, the apec for infections in new york city and state is weeks away. Back to you, president about to peak in 20 minutes. Melissa thank you for that it is worth noting, in manhattan they are staying apart but in other neighborhoods they are not following it. In outer boroughs they are not following rules closely enough. I dont know, well pay for that. Connell better than it was. Not where it needs to be, Governor Cuomo talked about parks too crowded and the like. Well see what the president says about it. We will see you on after the bell tomorrow, lou dobbs tonight starts right now. Lou the president and the Coronavirus Task force are getting ready to brief the American People about the ever spreading wuhan virus. Once the president enters the White House Briefing room, well take you to him live. Sparsely populated, that is more than appropriate social distancing. It was two weeks ago that there were fewer than 8 thousand cases of the china virus, the coronaviru