Straight day. Investors are increasingly optimistic has this to trillion dollar plan continues to clear planes 2 trillion continues to clear hurdles in congress. When pricing is efficient, it is a forward mechanism. Theyre looking beyond this beyond therter, recession everybody is predicting in q2 and are looking they to q3 and q4 to what say is going to be a recovery. We saw small caps getting into the rally as well. We saw those big cap names. Andosoft and apple up 5 6 . This was investors starting to nibble around the edges saying that may be the worst might be over. Trillion in stimulus and the fed support might be enough to facilitate a recovery. Inly i want to bring cathie. Lets talk about these big tech names that you have invested across these companies. Might beand alphabet seeing a surge in traffic but there is a big danger in advertising plummeting for them. These companies could lose or see 1 billion less in revenue. How concerned are you . Investor a longterm so our plan is five years. And googlecebook will be stronger after all of this because of how many more eyeballs and how much time they have attracted. Emily what about apple . Are is a company that, they talking about potentially reopening stores but stores are closed around the world. The 5g phone is delayed. You have to think that iphone demand is going to be slower and considerably slow. In the short term we are going to see a lot of slow down a lot of weakness. Apples chainthat. S getting back up to normal the supply chain problems will work themselves out. We havent even begun to see the worst of it. This is going to be a problem going forward. We know that this will be a problem in the short to mediumterm. Do you think we will see more Capital Spending from the companies who have come out already and said that they are suspending their plans and have . Caled them back significantly businesses have been scared by two things, the chinau. S. Gote scare and last year we into inverted yield curves and the fears of recession, and now we have the coronavirus. We think that Capital Spending has been too low for too long. We believe the rubber band is stretching and Capital Spending could be one of the big upside surprises toward the end of this year into next year. We think companies have been skimping on inventory. We went into this with Consumer Spending in china and the u. S. Much stronger than businesses had expected. They have been taking down the inventory. The whole idea was to keep thatnventory levels low was a way for companies to keep costs down. Do you think they are willing to shift to a more heavy inventory model . Maybe morethat and so producing closer to the end consumers. Find solutionso to problems. We are seeing 3d printing as a solution to that. Materialized. E our portfolio is filled with names that are better, cheaper, faster, more productive, more creative. We think they will do well ofoughout or on the other this crisis. Emily you have been optimistic about tesla. Two tesla that employees tested positive. The company has suspended production in fremont, california. Suspended production in new york. Some of these facilities might be working on ventilator production. How concerned are you about a disruption in tesla production and what does that mean for the company . The ventilator production will take place in new york state. Elon musk tweeted about it yesterday and said that he and tesla would do anything that they could do to help new york through this crisis. I think he understands how serious this is. To bare boneswn production. In the sanies francisco area, the new york that we are going to find there are coronavirus cases. In china, what we are seeing from tesla and from the Chinese Government, the day after Lunar New Year ended, tesla was producing. The government was helping it by providing masks and other ,rotective equipment sanitizers dorm rooms, so that employees could separate from one another, and catering. I have a feeling we will see upside surprises out of china when it comes to tesla. It would be amazing if they started exporting from china. We know that the Chinese Government is simulating auto sales. We think china is going to be an offset to what is going on here. Much. Thank you so good to have you on the show. Millions ofo many people working from home around the world. How big of a Security Risk is this . We will speak to the ceo of crowd strike, coming up. Emily joining me now is the ceo of crowd strike to talk about how vulnerable we are in this moment. Are you seeing an increase in hack attacks, whether it is because people are working from home, fishing or ransomware . How big an increase are you seeing . Great to be here and we absolutely are. Anytime there is chaos in the world we typically see a tax increase. More documents that talk about covid19, but talk about potential cures, financial assistance. Ransomware. We are seeing that across the board. It is a time when people need to be vigilant and continually t continually monitor security assistance. Emily from a cybersecurity persepctive, are we more vulnerable than we have been . The holiday, during season when people are off, were going to be. Thereeople are sitting with the computer off and not watching these systems thats why we provide that 24 7 monitoring as part of the. Verall solution emily some of these hacker groups have promised they wont target health care organization. . Re you seeing that as well i think you cannot rely on someones word who is trying to break and extort you from a ransomware perspective. That is using that to identify Artificial Intelligence and tax that have never been attacks that have never been seen before. Emily what about all of the number of ways people are connecting. How protected are these conversations . With these technologies, thank god they exist because they allow us to do what we are workforce. Remote there is a risk because a home users system is not monitored. The falcon for home program that. E put together emily some of these hackers, some of these bad actors should lie in wait for weeks or months. See the full it be extent of the fallout . Corporate networks often. Ont have good visibility where they may have 90 to 100 days to discover them if they are lucky enough to discover them. It is just a matter of time. Wheree seen organizations we responded to a potential breach, we went in beforehand and they called us out, and the adversary had been there for two years in some cases. Im sure we will see some fallout from this. Emily you have lawmakers pushing for more vote by mail and more mobile voting. Critics are saying we are not ready for that especially when it comes to something as important as an election. What do you think . Some time we will be all electronic in terms of voting and it will be a process as we work up to that. Maybe this is it. We have seen states have challenges as they put that together, went over a number of years everyone will room will move to all electronic voting and it is critical that we have the systems locked down so they cannot be manipulated by outside organizations. From my perspective a voting by mail is fine. In the chaotic situation we have today, we will have to go to the Old School Methods and hopefully get through it. Emily we are already hearing from intelligence sources that the russians are trying to sow disinformation to take advantage of the chaos. Are there any state actors that you are concerned about at this point . At this point we can all agree it is a worldwide pandemic. Every government is interested in gaining intelligence information in understanding what is happening. Think about understanding the ability to see what a country is doing at how they will respond . Willhere governments that have a cure for this . How can they lessen the Technology Impact . These are things countries want to understand and they will be active across the board to identify and gather this information. Emily we are getting more breaking headlines that the u. S. Is poised to have the most coronavirus cases in the world. Target. Always a how much does this concern you the United States hasnt reached its full Testing Capacity and President Trump is talking about reopening the economy in two weeks. Im certainly not a doctor and i have to observe what is happening. It is a terrible situation. Ise everyone else, every one sympathetic to Small Businesses and people who are out of work, sympathetic to the impact of families. We have to understand the risk this disease creates for everyone and we have to follow the right guidelines. At crowd strike, we put our employees remote weeks ago. Organizations are not and this is a huge economic impact. Hopefully we can get people back to work. Emily thank you for joining us. Coming up, we will be talking about we work. A company in a tough spot as a result of the coronavirus. We will take you live to the press conference at the white house. President trump has said he will be there as the United States is poised to have the most coronavirus cases worldwide. Botched ipo and now the coronavirus. Things only looking worse for wework, the workspace sharing company. Hewitt. Me now is ellen layoffs companies doing and reevaluating. Wework saying about how hard this will hit their busi ness . The most recent news is that the chairman and the new ceo put out a letter to their bond investor that says because of the coronavirus, they do not expect to hit 2020 targets. It is against the backdrop of striking at the essential selling point of wework. Our workspacesy, are more exciting, where you can work near other people. It feels like in the future, that will be a different way that people think about coworker spaces coworking spaces. Maybe the whole idea of shared office space will be reevaluated. They say this issue, more than a quarter of their members last year were monthtomonth. To they arese preparing for many of their customers, especially Small Businesses to come to them and contract,w we have a but we cant afford rent or we are not going to pay. That is something we are going to face in the months ahead. Emily softbank was a huge investor in wework. Hits. Nk has been taking yorkss that impact new ability to whether the uncertainty . There is growing tension between wework and softbank. They made it clear that they needed money to stay afloat. ,ow that things have gone south softbank is threatening to unravel parts of that deal, in particular a tender offer of 3 billion in which softbank agreed to buy back shares from investors. Through, itt go doesnt affect the amount of money directly and doesnt affect how much cash they have there is a lot of tension right now between the leadership of softbank and the leadership of wework for what the terms might be of completing this tender offer which many employees have told me they are looking forward to because they feel like it is their last chance to recuperate some of the value of their shares which has gone down drastically. Mill nework city york city mayor bill de blasio has been giving a press conference. New yorks ground zero for coronavirus cares cases. Bill de blasio says he believes 500,000 new yorkers will end up unemployed. Wework is a Global Company but its headquarters and the heart of its operation is in new york city. What does that mean . Hasework for many years been the biggest commercial tenant in manhattan. They have tons of locations in new york. Im hearing from a lot of members about how frequently theyre getting emails from the people who run their wework offices saying we had another report of a member who tested positive for covid19. It is bringing out this heated debate between wework and its members over whether new york offices should stay open during this time. Many members say we have been required to shelterinplace. We cannot access our offices. We should not be paying for them. Arerk is arguing that they responsible for keeping the office is open because some of their members are providers of essential services, so there seems to be this tension between Wework Wework members and wework as a company. Wework has allowed all of their employees to work at home but they are not requiring it. They seem to be trying to thread the needle and justify why they are staying open even as many members have talked about how they have made calls to wework saying you should be refunding us. We should not be paying for this service. This we are waiting for press conference to start at the white house. I want to go straight there. The president walking out at the moment. Lets go to the white house. Pres. Trump beautiful day. Very good what youre doing. Look at the empty seats. Ive never seen it like that. How the world has changed. Its going to end up being better than ever. I want to thank you for being here. On like to update you on the steps we are taking. We had a lot of good ideas. We are working together. The leaders gathered around the world to discuss the whole thatct of the problem right now 151 nations have got. President Alberto Fernandez of argentina. Prime minister Scott Morrison of australia. Of brazil. Ared Prime Minister trego of canada. President xi from china. France. T macron of president mooney of india. President rodolfo of indonesia. The Prime Minister of italy. Prime minister shinzo abe of japan. Japan are making a great decision with the olympics to make it next year, 2021. Uel lopez andres man oveobrador of mexico. ; i want to thank the president for have dove think for having done such a great job with the military. Very few people are getting through. We are going to keep it that way. We have a great relationship with mexico. President putin of russia. Lehman of saudi arabia. Moon of south korea. Sanchez of spain. President erdogan of turkey. Prime minister Boris Johnson of the united kingdom. Thepresident of u. N. Secretary antonio guterres. World Health Organization director. World bank president. And the International MonetaryFund Managing director. That is a big group but it is a great group. They were all there. We talked about the problem. Hopefully it wont be a problem for too much longer. The u. S. Is working with friends and partners around the world to stop the spread of the virus. We discussed how vitally important it is for our nations to share data. We are handling it in different ways. There is great uniformity. You had 20 countries plus the others that i mentioned. Spirit to get this over with. I spoke to our governors. Constanthas been in communication. We need tom brady. He very positively. He could be leading the effort. I like tom brady. I spoke to him the other day. He is a great guy. I wish the news could be real and honest and it was not corrupt. But so much of it is. It is so sad to see. We had a great meeting. Im sure you have tapes of the meeting. There was no contention. One person raised their voice. A little wiseguy. He is usually a big wiseguy. Not so much anymore. Mike was there. A lot of the folks were there. It was a great meeting. Took place at 12 00. I want to thank republicans and democrats in the senate for passing the largest relief package in history. Both parties came together to provide relief for American Workers and families in this hour of need. I think it has tremendous support. A couple of those people are quarantine. Rand paul has it. But he will be better. He has been a great friend of mine. Keep the workers on the payroll. We have plenty more to go. No one has ever done a package like this. You might have one grand standard. For that we will have to come back and take a little bit more time. Critical support for the hardest hit industries. This more than doubles the amount available. Three point 5 billion to expand assistance to childcare providers. These are brave, incredible people. Some of them are getting sick. Very sick. Some of them do not recover. We use the act only when necessary. We sit to accomplish what we want to accomplish. We have shipped 20 million facemasks. 14. 6 million gloves. We are sending more every day. We have tremendous amounts of equipment coming in. A lot of Great Companies are making equipment right now. Come and he isf making them. Over an empty shelf. A very depleted place. The testing is going very well. That was obsolete and broken and we fixed it. It is going really good. We fill up the stockpile rapidly. We get it sent out to the states. We send it directly to the state. I can now announce something i think is incredible. What they have done in the navy. The incredible Naval Hospital ship. It will be leaving on saturday rather than three weeks from now. They did the maintenance quickly. It was going to be there for quite a while longer. It should be arriving. I told the governor 20 minutes ago that the ship will be arriving at new york harbor on monday. I think i will go out and kiss it goodbye. It is in virginia. We will be waving together. I suspect the media will be following. Maybe. You never know. It is a great vessel. If you want to go, i will see you there. If you dont, that is ok. It will be loaded up to the top with medical supplies. It is over at the Norfolk Naval base. That is where it departs. , we are saving a few weeks by the incredible work done by the navy. I look forward to saturday to see it go. The ship will get a little bit of a ceremony. There is something incredible about it. It is incredible piece of work. The ship will get a little bit of a ceremony. It will provide Surge Capacity for the new york metropolitan area. They may have other people coming in from hospitals. They could do it either way. The National Institute of health and the private sector, working closely with the fda, continue to collaborate. I am committed to bringing you these treatments. We have a lot of tests going on in regard to different medicines. I hope we get lucky. A lot of talented scientists and doctors are working on therapeutics, a cure, vaccines. I think we are doing really well in regard to the v