Suspending production in South Carolina green arrows across the board. The dow will open about 600 points also looking at the green on the nasdaq and s p 500 if you take a look at what is happening in the treasury as well s p indicated up 72 points in the treasury, youll also see what is happening on the yield in that front. It is the 10year that is yielding closely at 7. 04 . Lets get everybody updated on the latest on the pandemic numbers. Nearly 11,000 people in the u. S. Have died from covid19. The country has more than 361,000 cases. New york has 131,000 of those cases. New jersey reaching a grim milestone with more than 1,000 deaths in the state. Overseas, we have positive numbers from italy that reports its lowest daily number of new cases since march 17 spain reporting its lowest number since march 22nd. The second time since january, china reported no new coronavirus deaths reporting 30 new asymptomatic cases and two with symptoms. President trump has struck a deal to buy millions of face masks from 3m. After he had told them to stop selling those masks overseas theyll be importing millions primary from their factories in china. Uk Prime MinisterBoris Johnson transferred to intensive care yesterday after his condition worsened a member of his cabinet said he had received oxygen support but wasnt on a ventilator the secretary there appointed to take over in case needed joe, how are you doing okay. Lets get to eamon i like to see his rosie cheeks every morning. The shift has been rapid, just as rapid as the outbreak we are seeing a sharp drop from three weeks ago according to the cnbc change Research States of play survey. I didnt know we had one of those. But im interested in the results. That is right this is a poll of battleground states look at the way peoples optimism has flipped take a look at this graphic. In march, 53 said that was good now that is just 40 60 says it good and not poor. It is totally flipped as the entire nation is shocked it is not rolling throughout the economy. Different states have different perspectives twice as many people in North Carolina saying it is better than expected. Different numbers in North Carolina and florida and michigan i guarantee you, the president ial campaigns will look through all this data to see which battleground states will be impacted. Two other did bits i saw Donald TrumpsPerformance Review slightly more disapproved been approved of him support for social distancing is overwhelming across both parties. Democrats are nearly unanimous for support. Republicans overwhelmingly support social distancing in the 80 range. There are 10 of republicans who oppose the idea. Dont think it is smart. You are seeing a variation there. It is overwhelming National Support from both parties for social distancing. Back to you. That makes sense, eamon the numbers are now have appointments on tv you know when Governor Cuomo comes on i hang on to his words the best is the icu cases. It is never going to be easy for our Health Care People but it could be worse i watch that i wash tch it all i watch something all day long it was sunny yesterday, which is crazy in april i dont know whether you got out. Beautiful in washington i hear too. It is surreal. You go out and everything looks normal and bright and sunny and then you might see someone and you are like, whoa, dont want to get near them it is surreal. It reminds me, joe, a little bit of september 11. The day itself that was a geororgeous day. I had the same thought on that day as now you have this spectacular display by another nature during this horrific event for humanity it is jarring. Our lived experience for the moment can be so different from what is going on around the world. It is that same Mother Nature that came up with that virus thats true at this point she giveth and taketh away. Becky, whats up i have a question for eamon when you hear the news out of new york that the numbers seem to be coming down. The number of hospitalizations are coming down. That a great news. You hear that and try to put it up against the thought of when those close. The governor in washington, d. C. Said they closed the schooler fought the remainder of the year, that is in june. And when we might actually see the are urn to normal and what that means if this is working, people are going to feel like, okay, great can we get back to normal now . What is the new normal and how they are thinking about all of this i think they are going day by day. The Vice President is asked when is he going to make a decision about whether to extend the 30day lockdown and theyll have to look at the science ultimately what you see in new york, those numbers were encouraging you are also looking at different numbers. Reading out a list of cities that are getting worse and not better the list was as long as your rarm it was a half dozen major cities headed for something e. Hopefully not as bad as new york you get the sense that new york is the first ahead of these. That has implications for national policies. The other question is, is this happening in new york because of the lockdown what does that mean for the idea of taking the lockdown off do you let go of that strangle hold dr. Scott gottlieb yesterday was pretty persuasive that we are going to be living with this thing for some time well into the fall we have to find some way to have daily life come back even while coronavirus exists that is a really difficult decision. Thank you. We all sort of start here. Well check in with you a little later this morning when we come back, we are going to talk about what a return to normal could look like for the economy and daily life dr. Scott gottlieb will join us next take a look at the biggest premarket gainers in the dow. The dow up sharply even after the gain in the premarkets. Squawk box will be back after a quick break. Yes. Its the first word of any new discovery. But when allergies attack, the excitement fades. Allegra helps you say yes with the fastest nondrowsy allergy relief and turning a half hearted yes, into an all in yes. Allegra. Live your life, not your allergies. 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 amazon is cracking down on people and its warehouses who violate social distancing policies the Company Started notifying employees that they could face disciplinary action. A spokesperson confirming the first violations could come in a warning and the second warning could get them fired we heard from Waste Management that the hardest thing there is trying to convince employees to social distance. Different people experience this differently. You say, joe, you see a neighbor and you run away and you feel a little bad becauses it so antisocial and you dont want them to feel like you are shunning them but it is kind of the weird world we live in now kind of the way ive always acted, beck. Now, i dont have to think about it i was going to mention, in the instance of amazon and not to becynical about it but because i did reporting about it and we had chris smalls on last year there was that employee last week that was fired from the company. The company said he was not social distancing. Other people believe, you saw some notes afterwards, internal notes about trying to shut him down and shut him up you could look at that memo and also argue that both may very well be about the company but how they are approaching that lawsuit and others as a result of employees who get fired or pushed out just having looked at that, they look connected as opposed to independent notes a couple of other bits of news air nb with strategic investment the ceo said, the desire to connect and travel is an enduring truth but the way this man ifest will evolve as the world changes, well see a new flexibility in how people live and work means they wont have to be tethered to one location. A 1 billion relief fund which will help their super hosts pay rent or mortgages. If you remember, back in early march, they had lowered investment according to two sources, the Company Plans to go public still in 2020. Something to keep our eyes on given that that is a business hard hit by all of this. Even worse, andrew. Even worse than just your normal hotel that you would hope would get scrubbed down. I have never been thrilled of going to sleep in someone elses bed or even someone else sleeping in my bed it is interesting to see whether people end up being more increased to go to air bnb or hotel. Soupd like you would be more inclined to go to a hotel. Others who would be more inclined to go to an air bnb because they want to be in less intensity. Id be more inclined to go nowhere. I dont know, if you told me the hotel was going to be clean, clean, clean and they have services there thats where id be inclined to go i dont know how about the christmas vacation rv. Cousin eddies rv. People will be driving i dont feel like driving 16 hours. That will be more common then, you might as well take your car with you. I always wanted an airstream, joe. This could be my moment. I see you one of those that has the thing when you park, they pull out and expand the things. Youve got the big screen. Thats how i see you thanks. Ill take it ive never done the full Cross Country road trip. It is bad we tried it on a squawk tour you might recall mark pretended he was on the rv and we were in the back like this just sick to his stomach. I thought he was driving. I thought he didnt like to fly. He didnt like to fly if it was too far, he would fly. He was not in the rv with us the trash builds up. The beer bottles or soda, whatever it happens to be. We better go that was a long time ago but ive done it a lot more ahead. We do have the futures they do look like they are in the green. Right now, the dow looks like it would open about 860 points, nasdaq 220 points and s p 500 up as well. Two weeks after saying hell is coming, ackmans new moves some images of the Pandemic Impact yesterday across america. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Welcome back just over two weeks ago, Hedge Fund Manager bill ackman said hell was yet to come the ceo publishing the 2019 annual report last night last year, saw an annual return of 58. 1 p Pershing Squares highest return a couple of challenged years in between. In the record, Pershing Square announced a buy back of 100 billion shares after a health play that began in early march and fully exited and ackman has been reinvesting capital he said he has increased stakes in agilent by 16 . Berkshire hathaway by 39 . Hilton by 34 . Hues by 36 . Lowes 46 and restaurant brands. And reestablishing Capital Position of 10 in starbucks saying we believe the factors for a stock Market Recovery are coming into view the fund is up 3. 3 up in a market we all know so well that is down. Over to you. We might have seen some better Market Action 600 points yesterday, 900 today, so bill is sniffing something out there. Thats good. If we had been down somewhere, we may be checking futures more than now coming up, more on yesterdays rally with the major indices up seven. The dow up eight this morning up over 800 a look at yesterdays s p 500 winners and losers 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. You should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. Make ice. Making ice. But youre not mad because you have e trade which isnt complicated. Their tools make trading quicker and simpler so you can take on the markets with confidence. Dont get mad get e trade and start Trading Commission free today. If you want to get to precoronavirus, that might never happen but i do believe with the therapies that will be coming on line and i feel confident well get a good vaccine that well never get back to where we are right now if that means getting back to normal, then we are back to normal that was dr. Fauci speaking yesterday for more on what life after this outbreak could look like lets bring in dr. Scott gottlieb, former fda commissioner dr. Gottlieb, this sounded similar to what you were telling us yesterday on the show the idea that we are going to get back to normal eventually but it will be a new normal. What does that look like it depends. If we get through the summer we are likely to have the epidemic run april and may, dissipate in june through august in the fall, we are likely to have outbreaks again it is unclear whether we are ever going to get to a point where there is not hundreds of thousands of cases a day when we get to the summer, youll still have cases and small outbreaks that are manageable the fall is a real risk. This is an epidemic and will probably come back here. We are seeing a lot of improvement in the models right now. Especially the northeast the southeast is a little suspend there is improvement we need to transition now to some point in may where you start to isolate and target individuals with the infection that will be a lot of work well be prepared to do it, hopefully much better prepared it will be hard. The governor in washington canceled school for the rest of the year through june. If social distancing is what is working, do you think our kids are going back to school in the fall probably. I think well try to open schools and residential colleges in the fall. I think youll see potential for outbreaks that will close individual districts it shouldnt close like this again. Im putting out a detailed paper today with some other folks outlining what that system will look like. Thats attainable. The question is, do we have one or two they arapeutics. We need to figure out what drugs are likely to work out the best and likely to work out in time in the fall and well move those through developments that list is not very long that is likely attainable and rebust enour robust enough to make a difference and then we have to put everything we can behind those products to move them through. Hi, doctor. In this case, take your doctor hat off. We often talk to you about Health Issues so investors can make decisions you are also an investor and business person yourself one of the things that has happened is weve gotten better news about the curve and where things stand and that investors have pushed the stock market up because of expectation things will get back to normal. Youve talked about things being a new normal or different normal when you look at things in terms of how investors are looking at the market do you think that they are including the kind of information they are talking about and expectations about what that new normal looks like and that kind of time line that really depends if we have in place by august, a broad Surveillance System of protecting outbreaks, which we should have. Someone needs to drive that forward at the state and local level and get one or two therapeutics that will have an impact if they have that tool box, this becomes manageable if we dont have that, we will live life with this in the background we are looking at 80 of the economy, which is that certain things dont come back i think well get the technology but we only have about four months to do it. These are not going to be easy to get in place in that time frame but i think well get it when we look at the stock market now, do you say to yourself this makes sense . It should be going up higher or lower. You are in the business too. Thats why i wanted to ask your thoughts thats true clearly this is painful and a lot of p emare out of work and some of these jobs wont come back easily. A lot of these will indicate that this is going to run its course and show a lot of improvement. If thats where the markets should be, then i think the markets are reacting appropriately. This is showing improvement. The models are showing better. Texas and georgia are likely understated but showing improvement. Pricing in the fact that there is risk. This will circulate through the fall and wenter. You have to harken back to the days of small pox and polio and measles. That became a drag on certain activities that is a possibility here you have to handicap against the possibility that we get a drug and Surveillance System. Thats not 100 . If i was to handicap that probably 50 50 im optimistic i think we will get a drug but it is not 100 i wanted to ask you what you mentioned. Texas and georgia, they just said in those states and others, that the hospitalizations, the percent of cases that needed to be hospitalized is higher than 10 , which is really the norm that suggests in those cases they have more cases that are not being detected or maybe not tested what does that mean for the rest of the country does that mean the entire country will have to stay at home and have these orders otherwise you have the risk of cross contaminating . Not really. A lot of the state that have these epidemics have the stay at home order in place. I think the Summer Travel will bounce back. Youll see regions come out maybe two or th