About 6. 6 million filed for unemployment in the past week. So 10 million who have gone into this even though it doesnt have the most recent week will watch to see how this turns out. Crude oil prices after the biggest hike after one day after maybe 26 after news that joe kernen reported here after the president said what he was going to be doing absolutely changed not only the oil market yesterday but the entire equity market as well yes like i said. You suspend disbelieve of everything at this point dont we came in, talked to him he tweeted exactly what he said. It was vintage trump expects, hopes while i certainly hope so, i expect what has been confirmed bio peck is while they are saying at least 6 million in their meeting. The president said as much as 15 maybe they are talking about overall. Opec . Yes opec the market didnt really back off yesterday after the president was racing eyebrows maybe prematurely announcing or hoping for a deal or massage people into a deal didnt back off at all it was up 25 and another 5 food. I think it was 26 and change it was the biggest oneday move for crude in history then you hear, great, now the president is siding with the Oil Producers instead of Everyday Americans that would benefit it is amazing the way things work out i think it is social media partly too partly. You think, i thought lower gas prices were a tax cut for everyone not if we allow russia to put our domestic Oil Producers out of business. Andrew when you got off the phone, what did you think he was trying do is he trying to push them into something they werent otherwise planning to do pushing them to do more than what they were planning to do . Get it into the marketplace. What is your take knowing the president . I think that he knows that one of the double whammies the market had was the worst day of combination of covid fares and market fears it got down to 18 or something i think he wants them to do something. He was very careful in his words. His tweet was identical it was exactly what the same words he gave me. Where there is smoke, there is fire as it turns out, there is an emergency opec meeting. Well see. The markets themselves didnt back off the trump haters are everywhere. They are immediately talking about well hes lying and blah, blah the other interesting thing is that trump will be meeting with major leaders and kicking off expectation of those curves. He seemed to knock that aside. A lot of people watching that today too. Ceos of chevron and exxon and others too so far, it seems like not but that will be something to watch too. Down at one point. Now hes a bond guy calling 90 minute moves he is now an expert. I know, god help us. Hes been right, joe. Hes going to be intolerable the tone was good going into the close. It was up 500 or so. Ask him what hes going do before noon today. Lets get everybody caught up to date on the rise in virus numbers that did take place overnight. Total global cases have topped 1 million. In the u. S. The numbers have topped 245,000 with over 6,000 deaths the task force is watching areas of the country that could become the next hot spots after new york and new jersey mentioning louisiana, connecticut, indiana, georgia and illinois tests there are coming back positive at a rate of at least 15 right now. Meantime, maybe the most important story of the morning, mixed messages on the 350 billion Small Business program the government had asked banks to start disbursing that money the treasury secretary said the programs would be up and running. But banks are scrambling to understand the rules jpmorgan warning they might not be ready emailing customerslikely sayin they will not be ready to start accepting applications today i heard from a number of Small Business owners and a number of bankers. I had a couple of big banks and small banks that are concerned they wont be able to begin that loan program today possibly over the weekend, theyll get this out nonetheless, thereis a huge surge of Small Business going to the banks today. I think that may be some is cause for concern in the markets right now as well. Joe . All right, andrew well see and well move along here do you have masks, if you need them i actually found a couple that 3m sent me. It was years ago we had been talking about their different products they sent post its and every product they did mine are still at the office, i think. I know what you are talking about, joe did you get them, andrew . I dont know where they are but tell the audience about this story. If it is true and accurate, it is a travesty and disgraced. Looking at the website, they are photo shopping masks on officials. President trump is recommending cloth face masks when in public to reduce the spread the president said the recommendation would be coming out and any such masks would be voluntary. The federal recommendation is expected to be similar to guidance that new york city mayor did heish youd. We are advising you wear a face covering, could be a scarf, bandanna it does not need to be a professional surgical mask we dont want you to use the kind of masks that First Responders need, Health Care Workers need dont use those. I couldnt be clearer. Leave those alone. Serving as a reminder to maintain social distancing some people are worried that you dont need to keep the social distancing because you have the mask this is unbelievable. I have to say i agree with the administration p wholeheartedly after seeing some of the comments President Trump slamming 3m in a tweet last night he announced he was invoking the defense production act to get the company to produce face masks. He tweeted, we hit 3m hard after seeing what they were doing with their masks. P act all the way. Big surprise theyll have a big price to pay. They didnt comment. Earlier, white house trade advisor saying they had issues making sure all the production they do is coming back here to the right places shares of 3m, right now down at 134. 34 the issue here is that 3m, one of the biggest manufacturers of masks has been selling these to the highest bidder many of the highest bidders have been foreign bidders that is really what is at issue here to say, florida, for example, which is trying to get its hands on n 95 masks was going around the country trying to get masks going to warehouses and retailers, if you will, effectively discovering that a lot of these had been exported out of the country sometimes were being exported and reimported back in at higher markups. What . Thats what has been happening over the past couple of weeks now with these masks. 3m clearly seems to be at least arguably how is 3m not responding to this you are right. These are insane 5 accusations. Im all in favor of the administration following up. I dont understand how 3m doesnt even respond every media outlet has been reaching out to get a response they have not commented. Well bring those comments to our audience when we get them. There has been a number of interviews now with different states that have come out publicly to talk about the issue. It is not just foreign buyers. You might describe domestic commercial buyers as opposed to state buyers, if you will. Now this act has been put into place, 3m will have to push out those masks to the state, i imagine directly or on a priority basis how much did you find out lets say it was a couple of months ago when we were worried about italy more and when they were appealing to 3m i guess it was last week or it was different. You wouldnt normally say you sound like trump are you an America Firster that they should only sell to america. If a country is hard hit, they shouldnt provide any to them . There is a couple of issues the president said it during his press conference last night. There were surplies the u. S. Sent to italy and to china when it was clear that was where the hot spot was we were not a hot spot yet lets put it that way. The president said send the stuff. Was that a mistake or not . Even in the last couple of weeks, when it has been clear that we are a hot spot that some of that distribution has been prioritized. There also has been corporations trying to buy out these for their people as well and that diverts it from the hospitals. Correct i think over the next 7 to 10 days, this is going to get worked out better. Getting to where we need to be even though they are ramping up production, it is probably not going to be enough at least based on the numbers well see did you agree with something trump did . Joe, yes, you did there are times. At the journalists, im the ultimate fair weather fan. I have seen that. We had a democrat on yesterday. I happily read him a riot act about the bailouts of the airline. Are you saving all of these reels. What was your main point that all Share Holders are created equal. The Small Businesses are Share Holders. Dont give me a hard time when you are interviewing the president and then tell me you are not a journalist thats right. Lets tell you what is coming up. Well talk about the pandemic with richard preston, the authority of the best selling book hot zone. That is from the book about an out break. Well talk about the Small BusinessEmergency Loan Program supposed to start today. Well talk about what the jobs report will and wont tell us later today. Back in two minutes. We cannot do all the good that the world needs. But right now, the world needs all the good that we can do. To everyone working to keep america strong, thank you. Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Welcome back it is jobs friday. Layoffs are happening so quickly, they wont be fully represented in todays report. Joining us with a look at what we should expect and maybe what we can take away is the one and only Steve Liesman good morning good morning. Lets be honest, this is usually one of the most fun days we have here with the jobs number coming in today is a different day, a somber day the date of the survey was earlier in the month most of the claims came afterwards 10 million new jobless claims. Second, search google searches for unemployment data. The ppp program, well see how that works to keep people from being on the unemployment line or remaining attached to their work place by state, california seems to be processing and new york is lacking behind florida and new york as well using the challenging report here entertainment leisure, automotive and more with the most layoffs thinking about how deep it goes and how quickly it comes back. Keeping the businesses alive for workers to come back to and keeping the workers attached to the work place where they used to be, those are the things that will determine the row bound thank you, steve. Michelle, it has been a while. Good morning, joe welcome i guess we need to start trying to figure out what this number is going to look like if it is really bad, what will be worse where are you . Down 50,000 . Steve went through it we do have a good idea of where we are headed. For march, people will get a good idea of how much more we have in april looking at the claims numbers and more pointing to whatever the job losses will be did you put out a note where initially well see the rate itself based on march, it has been ranging. We think it will hit 3. 9, maybe 4 in march. If you look at the numbers we are talking about for april, you could easily see that triple the numbers this month will be like nothing weve seen the real issue is where do we go the question is where do we go from here . How quickly do these jobs get reabsorbed i was disappointed to hear what you were talking about about the h hesitating to these. That will be so key to how quickly these losses will get reabsorbed thank you well see. Well have you back on well see what happens thank you. Andrew when we come back, more on squawk box. Well talk about how this period of working from home could change the way we work after this is over and here are some images of the pandemic yesterday across america. Well return in a moment welcome back to squawk box. Yesterday for cnbc at work virtual event. Tackling the unprecedented challenges we are dealing with at home here i asked whether she thinks the future of work will fundamentally change i think the future of work is going to change. The future of life is going to change one of the fundamental dilutions that has been driving us, which is in order to be successful that we need to be on all the time i thi i think that we are all seeing clearly the price we pay for that also talking about the importance of unplugging the debate about screen time has changed a lot. She says, by the way, on screen time, we still need it for work but we all have to unplug. It feels like weekends turn into weekdays. Everything is all one. I dont know how folks feel about it when we come back, a lot more. Well talk to mohammad elerian. And well talk to former u. S. Treasury secretary jack lew talking about the economy and the emergency relief bill that is rolling out now well return after this. At t has connected us every day for over 100 years. And were 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. Its the job weve always done. It is the job we will always do. And sometimes, you can find yourself heading in a new direction. But when youre with fidelity, a partner who makes sure every step is clear, theres nothing to stop you from moving forward. As the nation responds to the coronavirus pandemic, many are looking for lessons from past outbreaks joining us now, the best selling author of the hot zone. The new book out, crisis of the red zone. The story of the deadliest Ebola Outbreak in history. Thank you for being with us. Hot zone scared me to death. You chronicled how these can take place im guessing this pandemic didnt come as a huge surprise to you it didnt some of the expects ive been talking with as much as 25 years ago predicted a big pandemic could occur with coronavirus this has been on the radar for some time. What is it about coronavirus that is so dangerous nature is full of viruss. From bacteria to blue whales gets infected with its own virus. Coronavirus live in many kinds of animals out there innature. Bats in china and central asia thats the type of animal from which we think this new coronavirus came from originally there are thought to be around 5,000 different bat coronaviruses out there. They give a bat a runny nose it is basically a bat cold but viruss have a tendency to jump species and find a new host. Right now on the planet, there are 7. 5 billion people we represent an enormous new unex plored host for these viruss this pandemic is the third major outbreak of a coronavirus to occur in the human species there could be more. You hear people saying this is a once in a 100year event it is absolutely not it is part of a pattern of emerging viruss. Coming out of the world ecosystems and finding their way in the species can have incredible damage. There will be more in the future we dont know when or what, what we do know or what we can see is that the human species packed together cities with populations of a million or more, Greater New York is an example of that with a population of 25 million you take the population of texas, most of it, and pack it into one city. What you have is a petri dish or a breeding ground for an outbreak the major thing we are taking away from this pandemic is that a pandemic and Public Health is now a matter of National Security richard, it is frightening. Swine flu was 500 or 600,000 people killed. Do we take any solace in that maybe if the mortality rate is too high, it is selfdefeating for the virus. I can only imagine if this is ebola and it was 50 mortality it is frightening enough do viruss that are much more fatal, do they have a hard time if the host dies and they are unable to spread or do we have to be worried about something that is 10 times worse than this i think we have to think about all possibilities. If you get a lawyer, the lawyer is there to help you think about worse case scenario. That could be worse than coronavirus. There is evidence that viruss in the short term can really be extremely deadly and spread fast a host population can get cut down by a large amount we are not without our defenses. One of those as with humans is we have altruism, kindness and the ability to work with teams and selfsacrifice we are seeing that right now with the fundamentally heroic work of medical workers across the United States. They are doing incredible, amazing job of just carrying on in the face of danger and great difficulty that includes regular workers who work in nursing care facilities and retirement facilities they are putting themselves in harms way to protect us i think with a pandemic like this, any crisis also brings opportunities. We have an opportunity here to get focused on the real situation of the human species right now with regard to these viruss they are clearly a threat. We can do things to deal with it one thing that i think is going to be essential is that snagss around the world, starting with the United States is a platform for rapidly developing vaccine and new kinds of antiviral drugs, which can be done it is feasible we have to develop surge manufacturi manufacturing capability we are going to have a surge vaccine in the next few months, the question is, can we make enoughtoso there is a difference it is going to be a critical part of the process. You mentioned the workers that are really throwing themselves into the fray with this those on the front lines taking risk to keep the rest of us safe what do you think with those ignoring social distancing rules, flocking on beaches, hanging out with friends in parks and not following the directions given i wrote about the great Ebola Outbreak in africa a few years back when ebola break out in villages and then to cities, a lot of regular people didnt believe ebola was real they fel