Drug that meant people werent dying of this. In the study, only two people died no placebo up against the remdesivir they were using these are early results but promising signs of hope. The dow futures indicated up by about 700 points if we continue like this, that would put the dow in positive t territory. S p indicated up about 75 points and the nasdaq indicated up by about 177. Lets look at the treasury market yesterday, those yields for the 10year were under a little pressure they had come back down even more we were talking about under 0. 7 looking now at the 10year treasury, you will see on this friday, last trading day of the week, the 10year is yielding 0. 64 . Looking at oil and the shut down of Oil Production and cuts of the number of barrels being produced a day around the globe, you did see prices come back down it is not enough to keep up with the dropping demand. Watching that too. This morning, wti is down to 18. 61 a barrel well be talking markets, potential medical breakthroughs and reopening the economy. We have the ceo of the mayo clinic on promising news theyve seen well talk to mohammad about how this plays out in the markets and new york fed president and legendary investor all coming up in the next three hours. Joe . Im glad we have three hours. I really dont have a whole lot planned today. Gives me something to do, right. Or any day. What are we going to do tomorrow im going to sleep tomorrow. China is out with the First Quarter gdp overnight. Reporting a contraction of 6. 8 , the worlds second largest economy. Took a hit you know why the first decline of the governments gdp since at least 1992 i like when they say. That are we really that sure even today well get a live report from beijing in the next half hour. Weve got an update now as well on the pandemic and the numbers as we bring them to you. Worldwide cases at 2. 1 numbers with wuhan adding 325 cases. The explanation from china staterun media meant early medical shortages meant more people died at home and data was missing. Cases in the u. S. Have now reached 671,000 including 223,000 cases in new york city death toll on thursday was more than 4,500 people, nearly double the previous record set on wednesday. Joe . President trump outlined in federal guidelines for reopening the country. Urging governors to make the decisions. Eamon javers with us put a lot of thought into this wasnt really quite sure i wasnt that happy that gyms are going to reopen right away ive been enjoying but gyms dont feel like a place you want to necessarily open quickly but i guess if you keep social distancing and keep everything clean, it works i guess the phases and what is involved did you watch the press conference absolutely. Youll be more disappointed to learn that gyms are reopening before the bars are reopening. So thats to the down side for people look, the president backed away. Remember the assertion where the president said he had absolute authority to order the governors to reopen. Now hes saying this is a decision hell leave to the governors. They rolled out this series of guidelines the president explained why he feels the country has to get back to business here is what he said the National Shutdown is not a sustainable longterm solution to preserve the health of our citizens, we must also preserve the health and functioning of our economy. Over the long haul, you cant do one without the other. Cannot be done so here are the phases you are talking about. Starting with phase 1, the gyms, large venues and elective surgeries. Once states hit certain medical criteria and their governor decides it is okay to move forward. Phase 2, thats where schools come into play and the bars, nonessential travel. Phase 3, you can talk about visits to senior citizens, staffing and occupancy can increase joe, well be dealing with all of these new lifestyles weve levelled social distancing, tele working and protections for the vulnerable will be on the menu for a long time to come. It is not clear when any of these can start. The president didnt give a specific date for any state. He did say hethinks a lot of states are in a good position now and can begin opening as soon as today. Well see what happens as governors make their own decisions. Governor cuomo and five or six others on the east coast went to may 15 which is a long way off, eamon i wonder if there is any wiggle room i dont even think the stock market liked that that much. We never know cause and effect that seemed like a little bit of people were thinking may 1. I dont know if we were really thinking may 1 for anywhere around here. But may 15 is like another month, eamon well, look, and it is going to depend on the schools you cant get the majority of the workforce at home if kids are not in school. Parents wont be able to leave the house. That School Decision is important. It is fascinating you are seeing this break up of the country in three areas where you have the west coast governors, the east coast governors led by Governor Cuomo deciding to move in concert. Yesterday, we saw this additional announcement of midwestern government coalition. The federal government is not telling everybody what to do but the reeg follgional governors h decided to Work Together on this because they dont want uneven rules across state lines and people crossing state lines for different benefits maybe the gyms or bars, which ever are open. I know. I need to. I just dont want to in terms of the gym. The bar or the gym . Eamon, thank you. I can selfmedicate here i dont need to go out for that. I guess i could exercise here but see, when i got married. You can stop dating, stop exercising but that wasnt the case you are tv, joe you are on tv every day. Look out kind of guys, when we come back, well talk about stocks set to surge after the report of the positive trial of the gilead drug remdesivir to try to fight covid19 dr. Scott gottlieb will join us with his take and talk about the states and what he sees happening from here and the plan to reopen the country. U. S. Futures are sharply higher because of the gilead news and remdesivir dow up 692 points. Look at shares of apple. That stock downgraded to a sell by Goldman Sachs they are now expecting a deeper reduction in product demand to 2020 and shallow recovery in early 2021 they expect Services Growth to slow substantially in 2021 all of that led to a price argue et of 230. Apple shares 289. Flexshares may look simple on the outside. But inside every etf. There are untold hours of careful construction. Infinite what ifs . And contingency plans. Creating funds that help target gaps in client portfolios. Tap untapped potential. And strengthen confidence in you. Flexshares. Powered by over a century of investment expertise before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. Fdaddy, i found you containing this information. Good job. Now im gonna stay here and you go hide. Watch your favorites from anywhere in the house with the Xfinity Stream app. Free with your xfinity service. Now any room can be a tv room. Stream live tv, on demand shows and movies, even your dvr recordings. Download the Xfinity Stream app today to stream the entertainment you love. Welcome back gilead shares are surging as is the market on this report saying a Clinical Trial of the companys drug remdesivir, weve talked a lot about it, what they are saying is seeing rapid recovery of fever and respiratory systems and nearly all patients discharged in less than a week. If proven effective, it could be the first approved treatment for covid19 caller i did interview a patient who participated in the study. He lives in chicago. He was short of breath, all the classic symptoms what he told me, he started feeling like a day after getting remdesivir he was in the hospital for four days he got four days worth of treatment with remdesivir and he was discharged joining us now to talk more about this and Everything Else since we talk to him so often, dr. Scott gottlieb, former fda commissioner good morning to you. The market is rocketing on this news as is gileads stock itself gilead put out a statement that this is annual anecdote al evidence and we need to wait for final report and studies to come in i mention why this is so important, we had conflicting news out of china where it appeared they had stopped the study. A lot of the Investment Community and the world is trying to understand what is really happening here. China stopped the studies because they couldnt enroll them because they couldnt stop enrolling cases. The chinese doctors were trying to use remdesivir. They did have some indication the drug was promising, or they wouldnt be trying to reach for it this is one of the growing number of data sets that suggests remdesivir is an active drug it is not a slam dunk. There were two deaths in this study. Most of these had severe disease, so they were at higher risk and a lot did recover according to that report it looks like the drug is active we said many time on the show. My hunch is that it is going to worker i it is not a slam dunk by any means. I dont think it is a cure but when used early, it is a good antiviral and a good first generation antiviral against covid19 and something we might have available by the fall coupling with the antivirus that could be used against covid19 let me ask you, this is something you have to take at a hospital it is actually injected. When you say get at it early it appears most of the people taking it were already on oxygen or ventilator. Is this something people could take even earlier than that . Thats right. If it works, it will probably be most effective when used earlier in the course. When patients first have covid19 and are admitted. If they have risk factors that will predict a bad outcome, theyll get a dose when admitted get it in early. Sometimes once the virus has been able to rep kalicate, simpy arresting viral load at that point doesnt have a strong as a therapeutic effect thats how we use, for example, tamiflu. You want to take it early for the maximum benefit. Other studies with this drug looking at milder patients looking at introducing it earlier. We need to remember, if this drug does work, and there are suggestions it is active against this disease it was used with ebola as well if it does work, i dont think this is a cure i dont think this is going to be the onedrug answer to this disease but it can change and mitigate the worst outcome for some patients. Scott, as you point out it might be in combination with a monocronal antibody drug like with ebola i think the antibody drug that was used after we have safety profiles. Youve never really poopooed remdesivir rightly so, the mechanism is so understandable it should work it is an analog and disrupts the rna dependent, rna preliminary it should work i dont know why people werent more positive all along about remdesivir i wrote about five drugs two weeks ago, i wrote about the five drugs i thought would be the most promise being available in the fall and change the risk profile for the disease. The five drugs i called out was remdesivir and those being developed by amgen and others. And more and more can be available in the fall. You couple those early in the disease. That is pretty robust that can change the profile of the risk of this disease. People thinking that remdesivir could pull through here. We have a big safety data against ebola. It wasnt effective against ebola or as effective as other drugs. One was a they arapeutic antibo. You cant do this off label right now. How quickly could you get this prescribable or do you do them all as part of a test there is a broader Data Set Available now that will be made public within days or a couple of weeks including upwards of 400 patients that combined with the compassionate use data the rigorous study being conducted by the National Institute of health, that is enough data to authorize this drug under an emergencyuse authoritization. You could see this be available in under a month if that data set continues to show good topline results we understand the safety profile fairly well. Now that the study is under way, the food and Drug Administration will be under way. Knowing that study is fully enrolled might read out. Doctor, the question i keep seeing on line and dr. Doctors and reports. Im curious where you land this idea there could belongterm damage to your lungs and other parts of your body as a result of this virus even if you make it through to the other side can you speak to that . How does that work is there longterm darth is it about the severity of how the virus overtakes . It depends. You you are seeing after prolonged bought of Critical Care we are learning that this virus is a nasty buck causing throbotic events it could be the case where patients were doing okay and suddenly require intubation in the hospital might have been due to blood clots to the lung we werent looking for those early on the proet callerly on was to keep distance. Now they are finding a lot of patients have blood clots. And now more of these being given blood thinners in the hospital we are learning about what this virus does that is atypical for a virus causing a downward spiral for a lot of patients dr. Gottlieb, youve heard the president s plans and saying some states could be ready to open today and making sure some states dont have different rules like new york, new jersey, connecticut. When do you think well feel better or alternative see a second wave . It is not a buyon arie event, you could see some states less effective, a more rural state. Some states have banned lawn care and outdoor types of services they might bring those back. Those are low risk certain construction activity. Some states have already allowed that in connecticut, there is that activity going on. You could start to see some activity start to come back. By and large, very effective states, particularly in the tristate area, will look to returning to Business Activity in midmay you want to see a sustained reduction of cases and wait two weeks. That will be midmay youll see variability across the country. It will be a gradual process where you bring back certain activity wait a week or two to see an upswing of cases data from visits to emergency room and things like that. Then you might bring back additional activity and put certain restrictions to reduce contact. Youll have to check patients, workers as they come in. Fever checks, questionnaires you cant bring back everybody at once. People of a certain age will be told to stay home longer one thing i was curious about the recommendations, i think the states are unlikely to follow is the guidance that would permit gyms and indoor events to open. Sporting events. I think states will be circumvent to bring those back after theyve brought back workers. Okay. Dr. Scott gottlieb, thank you, as always for your in sight and perspective. It helps us a lot trying to understand what is going on. Coming up, boeg shares aing the rise it will start production at some factories. I thought it said monday in seattle anyway. Some images of the Pandemic Impact across america yesterday. Stay with us [horns honking] birthdays arent cancelled. Hope isnt quarantined. First words arent delayed. Caring isnt postponed. Courage isnt on hold. And love hasnt stopped. U. S. Bank thanks you for keeping all of our spirits strong. Weve donated millions to those in need and are always here for our customers and employees. Weve donated millions to those in need goodbye fred. [ toilet flushing ] what if he gets lonely . What if he gets bored . Oh, hey. Just in case he gets hungry. What if he gets sad . What if he gets. Hey, hey, hey. I think its time we say goodbye. Okay. [ toilet flushing ] kohler revolution 360 with continuousclean. Stays clean five times longer. Its okay, dad. Only from kohler. Seeing the break in the clouds before anyone else. Together, well weather this storm. 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. Some positive news from boeing the Company Plans to restart commercial aircraft production in seattle area as early as monday that is sending the stock higher in the premarket. Phil has more. Good morning. It has been more than a month since boeing suspended in seattle because of the safety protocols. The state said, look, because of everything going on with covid19, we are going to have a number of companies, not just boeing, reassess whether people should be going into manufacturing facilities theyll be restarting production on a staggered basis starting on monday theyll bring back workers this is important because this is one of four key issues facing boeing now when to get the plants back up and request about production cuts staffing cuts. Over the next couple of months, does boeing announce Something Like that. One question out there does it take government aid or pursue private loans the big question here are the terms from the Guidance Department that will be more of a decision then the big question out there, 737 max certification, do they still believe theyll get this plane ungrounded order book a little over 500 planes this impacts 20 of boeings production book. Bo boeing reports First Quarter earnings on april 29 one of the questions answered is immediately getting back up and running in the puget sound area. We say see the same thing in South Carolina with respect to safety protocol, that could be coming in the next week or two. Phil, with the airlines and probably around the globe in so many trouble, they are probably all looking to cut their costs what does that mean for the potential for boeings order book from here that gets to question two, do you cut the production rate because of the number of airlines that may defer or cancel a big part of their order book are from Leasing Companies over the past 1