They come. Checking out the 10year, weve been around the same level yesterday we were at 0. 75 this morning, it looks like the 10year is yielding. 69 saying the Global Oil Demand will fall by 9. 3 billion a day erasing almost a decade of growth down about 2. 25 baushing it back to 19. 65 a barrel dr. Scott gottlieb, chairman of cbs health, fanatics executive chair. Chief Investment Officer and more coming up in the next three hours. Joe . Becky, you remember United Health care is a dow component we always say, thats right. Thats right you notice the dow is down around 370 or so maybe repairing partly due to United Health care the Company Reported an adjusted 3. 72 for the First Quarter. Nine cents above estimates the company said it is keeping its prior 2020 full year guidance said it would continue to evaluate the ongoing impact. You can see up about five points or so. Ee quaids to the improvements we see. Well hear from bank america and other companies. We are in earnings season now. Andrew we are. We are going to see what these numbers are and what they mean and try to figure it out we have an update for you on the pandemic we do it every morning at this point. Confirmed cases in the United States reaching 609,000 confirmed cases. New york topping 200,000 new york city, a sharp rise in the death toll yesterday the jump came after Health Officials started to include people who never tested positive but were presumed to have died from it. Combined with the fate lts with positive lab tests, fatalities surpassed 10,000 the fda has approved a saliva test created by Rutgers University reducing the risk for Health Care Workers eliminating the need to take a swab in close contact. They are given a plastic tube. The sal i hava test had 100 match rate with the swab when i say 100 . That means the swab test is similar to what those tests can do there are still question marks about how effective the tests are with the range around 70 accuracy i was talking to somebody he had about the number of false positives and false negatives theyve gotten the swab ones are a problem because there are questions of how accurately it is performed you have to essentially jam the swap up the nasal capacity baseball teams will participate in Antibody Testing. This will measure whether people have been exposed and developed antibodies as a result even if they never showed symptoms 10,000 baseball employees have agreed to participate. This will be interesting when basketball went through the same sort of issue and was testing so many players, you did find it was a higher number than had anticipated that had been exposed and had the disease. This might give us a better idea of what is happening in the general population at the time the studies were done in basketball this is different this is what we are going to be doing. This is the way we are going to get back and reopen things well have dr. Waxell on obviously in baseball, if you test every single person, you can field players with confidence eventually youd like to have an Antibody Test on anyone. You point out, it is different to show you dont have it but if youve had it and you dont need to worry about it. So it is safe to go out when they were testing basketball, they said basketball players would probably have a similar reputation to lets say a retail worker or restaurant worker or transportation worker because those types of employees have about as many daily interpretations as a daily interaction. I thought initially it might be higher because of traveling around it was announced that it might matchup with the fedex delivery guy having a lot of interpretations. Another thing, what does it mean to have antibodies . There is so much Conflicting Research some suggesting that the idea is youd be immune. Now there are reports that suggest maybe not. We have to figure out what those tests really actually mean at this point right it would be good to have the antibodies. Sam had some interesting comments he said, if youve seen one pandemic, youve seen one pandemic thats why it is called a Novel Coronavirus because it has never been seen before did you see what rand paul said. Zero symptoms. No soar throat or cough or fever or chills. He had been in contact with someone who tested positive. Thats why he went he was totally surprised that to me, is so. This is so crazy to see that it can put people flat on their backs. The different reactions people have are so extreme young people. Not saying it doesnt effect any but they do seem 20 to do better is it a more rebust system or that the system doesnt overreact. Hell good good to talk about on these things and we have dr. Gottlieb on in a few minutes yes i heard the president mention scott yesterday. The Treasury Department and airlines have reached an agreement on aid phil lebeau has details. This is for 25 billion for payroll grants 70 is money they will not have to repay 30 will have to go back in the form of lowinterest loans looking at airline stocks, they are all indicating they are going to open substantially higher one, uncertainty over the next couple of months the dilution looks to be a little less than people were expecting when negotiating all of this. 10 airlines in all will receive billions from the government delta receiving 5. 4 billion in a payroll grant. Southwest, 3. 2 billion in a y payroll grant. American airlines to receive 5. 8 billion you dont want to miss our interview with american ceo and chairman doug parker well talk about not only receiving this money but the question of when do they expect to see some sign that people will start to sign again do they have confidence well see it when p it gets to july, august, september. You dont want to miss that interview coming up. Back to you. Before you go. Two things i was trying to do some math on these warrants it appears to me, it is a bit of a figure leaf to the taxpayer, if you will. It is so small even if it were to double in value, it would be like 5 of the grant money. Am i wrong no. You are correct about that the Treasury Departments view that the taxpayer should get something. You didnt hear too much complaining from the airlines. They said we understand the government needs to feel that the taxpayer is receiving something. The bigger concern, we reported this back thursday and friday of last week, the fact that 30 of the money given to each airline will be in the form of a loan. These guys have taken out 32, 33 billion just since february in terms of instruments. Now you are asking them to take out more some of these have made it clear theyll have to borrow more a month or two down the road it comes to a question of how much debt. Thats what the airlines were concerned about the way this was structured to say, currently, they have to keep their employees or at least 90 of employees on board and keep planes in the air, many of which are flying out practically empty. What happens when it comes to september, are they allowed to layoff employees what will happen the agreement here on these payroll grants is that there are no mass layoffs before september 30 look, if we see levels on passenger planes to the level we see now. I think it was 95 or 1,000 people still being screened. If we still see that in september, the airlines will have tough choices for now, these grants are doing what were intended, which is lock in the payroll. Youve got 10s of thousands of employees that already agreed to take leaves of absence and the airlines have already stripped down to a bare minimum schedule it is a far lower level of flights than we saw a couple of months ago phil, before you go go ahead. A quick question on that. If the employees took an unpaid leave of absence, does that mean they cant file for Unemployment Benefits part of the whole reason we do the bailout is so they dont end up on unemployment thats a good question. Ill look into that and get back phil, thank you well check in with phil a little later this morning. Also coming up, President Trump says some states may reopen by may. Dr. Scott gottlieb will join us. An expert who has the ear of the president. Condoleezza rice, art laver, steve more, steve forbes, larry lindsay, katherine reynolds, scott gottlieb, jim demint you doing okay . 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 yesterdays task force briefing, President Trump says he believes some states will be able to open before the end of april. Actually, there are over 20 that are in extremely good shape and we think well be able to get them open fairly quickly and then others will follow. The federal government will be watching them very closely well be there to help dr. Scott gottlieb has spoken to the president about reopening the country. The former commissioner of the fda, cnbc commissioner and serves on the boert ards of both pfizer and alumina thank you for being with us. I would ask for your opinion on the idea that we could reopen some states before may that came as a surprise to me maybe because im in the middle of new jersey. I think what well see is a gradual reopening starting in may and into june. I think it will be gradual well bring back people to work slowly and in a staggered fashion, that will happen slowly and over the case of months. Some states have seen low numbers. Rural states and states with limited Outdoor Services in michigan, Services Done outdoors arent being allowed. In connecticut, Lawn Care Services and construction are still going on you can see some of those Outdoor Activities being brought back this is why you leave the decision to local governors. Different states have made different decisions about what theyve restricted and what they could start bringing back slowly you could start to see activity come back to some states in early may. I think the vast majority will be midmay when you see activity slowly gradually come back it has been confusing enough for social distancing where you cant hang out with friends or let your kids hang out with friends, do you worry it delutes the effectiveness of where people should really still stay in lockdown thats the concern. It could get confusing i think most people taking queues from their governors. Looking at data where they havent imposed the stayathome orders, the level of dropoff are similar to those that have more strict measures. There are general concerns you are getting more of a uniform response notwithstanding what certain states might be doing. There has been variability about what states have allowed the lawn care is an example. Things like that, where it is primarily an outdoor activity. I still think the vast majority of workrelated activities will come back in april and roll out may through june weve heard reports where there is pressure on employees coming to work even with these lockdown agreements. If you start to see that type of restriction, will there be more pressure on governors, mayors and employees to actually get things back to work . Thats the challenge now. There is a lot of pressure on the Business Community on governors to bring back workrelated activities. The Public Health care and seeing sharp decline on visits to hospitals there is an 80 drop off, people skipping vaccinations some wont come back to get vaccinated after this. Thats the impact of the social and economic cost. That said, when we start to bring back workrelated activities in may, i think we will, we wont be prepared we are not going to have all of the testing in place and we wont have the ability to track people like we want. As we go into the summer, that could be one backstop. It is not going to be a backstop but could be a little backstop as you get into the hot months so you might catch a break no question when we start bringing people back together, youll see a resurgence. In singapore and hong kong, they have a second wave where theyve shut schools and put back in place social restrictions. The question is how do peoples behavior change after this stock in General Mills and campbell because they think people will be eating at home with their family. How much of normal life would you go back to do you go back to church or s synagogue or back to eating out or letting kids stay over with friends . I dont think well have this sharp snap back. Ive talked about an 80 economy in the fall. In terms of what im going to do im going to be more cautious. If i go to restaurants, ill go to places i have confidence in maybe local restaurants i know well those that are advertising what they are doing maybe local businesses will put a testing machine inside and say they test their employees every thursday night paper menus. Cleaning tables more aggressively in between. Youll see these things and i think a lot of consumers will try to stay more local i think things will stay and other things just dont bounce back the same way. Thank you well talk to you more tomorrow. Coming up, well tell you how 100 of the wealthy residents on one florida island. I dont mean 100 of the residents. We are calling the island wealthy residents. Plus jc penny reportedly exploring filing for bankruptcy. Amid prolonged store closures. Here are some images of the Pandemic Impact from yesterday across america welcome back lawmakers, medical experts call for antibody medical testing a small, exclusive island in florida has enough for all its residents. Only 1 of the population of florida has been tested. But 100 of the residents of Fisher Island off miami have gotten Antibody Tests. They purchased 1,800 kits for residents, how keepers and landscapers. The test is done with a finger pick and gives them instant results to whether they have been exposed or have immunity. This is not the test that tells you if you are infected. The testing has sparked a backlash in a state where there is still more demand the island is only accessible by boat and has an average income of over 2 million most of the resident there are over 60. They are also engaging in social distancing since the marina, golf course are all closed the university of Miami Health System provided the tests said, it may have created the impression that certain communities would receive prerchal treatment and are revising the delivering of tests. The residents paid for these tests. But not a good look now when a lot of florida is trying to get the covid nasal test and everyone on this island including their workers are able to get tested. Do we know how they got access i know you said the university they got them from is there a connection or somebody they could call in a way other residents in florida or the u. S. Could not . Clearly there was a connection there is a public Antibody Test going on in miami now. They were clear to say the island test kit were not a part of the study they got the test kits from the same company saying they did not come from the public tests they were not diverted but my Research Shows it did come from that group of tests. Thats how they got it from the same company. Controversy continues there will be a lot more of this yes a lot more robert frank. Following the money. We appreciate you. We have more ahead bank of america set to report in just a few minutes well bring you the results and the reaction plus Nbc Universal rolling out peacock streaming. It happens today a look first at todays 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. Good morning watching the futures yesterday was a huge up day. You did see the nasdaq up by 4 . S p up 3 and the dow up 4. 2 . This morning, dow futures down by 327 points, s p off by 46 and nasdaq off by 98 Nbc Universals Parent Company launching peacock. It happens today for comcast subscribers joining the streamers home consuming content. What this means now for all of us who are at home watching. Craig moffett. Good morning to you. Who knew so many of these streamers. Hbo max will be next quibi was last week. You have less advertising dollars available. What is your take on this launch today. You are right it is the best of times and the worst of times we are all home and peak patterns are at different times. They are at 9 00 p. M not during the workday we are streaming because peacock unlike most of the others is going to be ad supported. The real impact will be advertisers. It will be very good for the demand side. On the consumer side, youll get a lot of viewers it will be a tough uphill climb to get advertisers to the extent that you can create a habit now that is the question about the culture and when we all go back to some sense of normal. Right you are trying to get people hooked on the service. Disney already has 50 million users. Amazon is the same thing they are all seeing tremendous usage. The hopeis that peacock will b one of those services that comes out the other side of this with a large group of committed customers. Eventually, it will be easy to sell advertising against those that is your metric of success now . I dont think you can measure a free service by quite the same metrics. You cant measure it by the number of people who are trying it you ha