Effective, it brought down the market up the day about 39 points s p 500 had given a run for the money. We are below that 2,800 level. S p up about 4. 5 keeping in mind the treasury yields right now, the 10year seems to be yielding 0. 606 andrew, ill send it over to you. Well give you an update now on the pandemic numbers. Global cases have reached 2. 7 million with 869,000 in the United States. The death toll in the u. S. Is nearing 50,000 new york cases have hit 263,000 and new jersey over 100,000. Georgia plans to reopen. They have the most confirmed cases with over 21,000 well talk about that throughout the morning. Yesterday, new york Governor Cuomo shared early results from the study of 3,000 people that said one in five new york City Residents tested positive. That means as many as 2. 7 million in new york already encountered the virus and survived and never knew it questioning the available of the test but said new yorks test was reliable enough to determine immunity thats based on the number of residents. There are 12 Million People who go to work there every day including all of us which makes you wonder how big this is 20 was new york city we said 2. 7 million twice just now. Global confirmed cases and possible new york state cases 2. 7 million. What is the real global number somewhere between 2. 7 million and 2. 7 gazillion. I would go in a heartbeat to take this test it would change everything which part dont you believe . I just dont know i think it is much higher but, really 20 . That makes me think. That seems incredibly high to me i know. You have to remember we are the epicenter. For the entire world right now times square. You are sitting at ground zero. Once again. Do the mortality on that di it and it is. 49, which is five times worse than the worst flu with shutting down the Global Economy it is five times worse but could have been a lot worse. Meg was doing great reporting on this yesterday and weve pointed out three times that china has said remdesivir doesnt work but as meg pointed out, i dont think there was a control group. So in the week, we wont know everything we need to about gilead and remdesivir. Shares came back a little bit but went down after draft documents that shouldnt have come out yet viewed disappointing results for the drug remdesivirment documents were briefly posted on line by the who and have quickly been removed. The chinese trial that was stopped early. They didnt get enough patients. It was shown not to improve the outcome of Covid Patients. The mortality was similar to untreated and a little higher and significant side effects gilead said the documents are an inappropriate characterization they are inconclusive. The study terminated early as a result of low enrollment we need to see much more about remdesivir it worked a little on ebola but not as well as the antibodies. In combination with the antibody drug gileads response was that, this was t th this was too early to tell there is data that shows when used early you dont know if these were people that were going to get better anyway. It is really the patients who take a turn for the worst. How do you help them it disrupts viral reproduction if it is your immune system that causes the problem, disrupting viral replicating. You need to do it on anyone who even had it, which is a catch 22 all right. It is friday we are going to talk a little politics on this friday. President trump expected to sign off on nearly 500 billion of new coronavirus aid. Legislature including more than 320 billion for paycheck protection for Small Businesses includes money for hospitals and testing. This is what the president said about the bill yesterday at a time when Many Americans are enduring significant economic challenges, this bill will help billions of workers to keep people on their payroll you are seeing many states open up now it issa inspiring. We are coming out of it and coming out well. President trump said his Administration May extend social distancing guidelines until early in the summer or later he said, quote, well have to see where it is. And quote, we wont have to do that but until we feel safe, thats what well be doing Vice President echoed his comments our task force agrees with the president as states implement their policies including phased reopenings, we do believe by early summer, we could be in a much better place as a nation with much of this coronavirus epidemic behind us federal guidelines have been extended set to expire at the end of april. They are not legally binding for states some are moving faster than others the idea that federal government is extending them. We all that that would happen, i guess. We talked about what the markets have baked into the cake for a time line. Expectation we are all back to some kind of normal this summer. You know my view on that that is the question. It plays into this next story. That was the nfl draft, which i watched. This is an orange tie. It is a nod to the bangles a tip of the cap to the bangles. Not a jump on the bandwagon. It is not a jump it is a tip of the company because of the bangles burrows bounce last night, i actually got emotional watching it. We are all assuming you cannot believe the interest in an online virtual roger gidle virtual draft. There was so much interest that made me think are we going to be watching football again . We dont know. Chase young, you usually see him on the field you think hes an average size you see him with his family. You think, if that guy came me, i might outrun him headed the other way and goodell. This years draft was supposed to be in las vegas. Roger goodell announced the picks from his basement. The bangles, Heisman Trophy winner joe burrow. I got emotional talking about southeastern ohio. Im southwestern ohio. It is very poor in places. Did you watch . I watched part of it. The other thing that will be so exciting did you see tiger woods and Phil Mickelson will be redoing the match. And tiger is going to play in a poker match that ill be playing in tomorrow, for mount sinai. I dont know how to bluff. I think a straight is better you cant be a gambler, are you . Hearts is my game can i let you in on a secret. Im spying on you guys today too. I finally got it up and running. I was able to take prompter and route it through there are all of these technical tricks you were able to . Somebody told you stephanie told me there is a way to get prompter through live view so it is no longer draining the broadband. I actually know what im doing now, do i . We dont really do anything there on the break, do we, mac just the two of us huge building we have to ourselves. We play hide and seek after the show andrew, take us out of here. A lot more on squawk coming up well talk about food supply chain. Ceo of kind snacks intel revenue and earnings beating guidance coming in below expectation and said it wouldnt give guidance Going Forward for the full year. It expects weaker demand for the second half of the year. Every Financial Plan needs a cfp® professional confident Financial Plans, calming Financial Plans, complete Financial Plans. Theyre all possible with a cfp® professional. Find yours at letsmakeaplan. Org. Here to discuss the feud business joining us, kind snacks founder and chairman and sometimes shank tanker good morning to you. Hi, joe if you can see me. We can see you. We want to talk about the food business and some of the work you are doing to try to help people on the front line talking about the food business itself, weve seen a lot of numbers. A lot of people buying a lot of food how you are seeing it. Some of what you do is grocery but a lot is grab and go at the airport and different shops around the country and how that is working or not for you guys tons of channel shifting. On line consumption, 18 x from what it used to be from a lot of online ordering. 18x 18 times in one week, we had 18x greater orders online. It is staggering it will slightly normalize seeing ordering and delivery beyond this crisis to the extend we get beyond this, how do you think this shakes out between the amazons and the walmarts and so many mom and pop and smaller stores, which was typically the channel to which you sold a lot of these bars i think the discovery channels will always be important. We want to try to innovate i think there will be a role for them in the coming weeks, the strong will get stronger. They will be the guys that grow big and will stay with us. I think there will be a lot of disruption over the next year of good guys that will get hurt you look at the grocery industry that will be the most greatly impacted some of it will stay with us people will discover they enjoy eating at Home Patterns of consumption will change people will understand healthful eating is more important covid ex setentuetes Health Talking about comorbidity. Juul, vaping, smoking, reducing our eating is one way to reduce inflammation and more. Those things will stay with us do you have retailers saying, daniel, we just cant pay the bill we have a couple of requests from companies that have dried up we want to support the most of the channels are healthy but the impact travel channels we have one airline basically tell us that we want to donate and fill the contract for the year for millions who dont want them to go back theyve been generous to donate the product. Before we let you go, tell us about the new project. Kind created to help Health Care Workers on the front line. What are you doing and what can others do . We cocreated project 1095 when we decided we wanted to make a small contribution to support those on the front line risking their lives every day. We committed 5 million kind bars and before we were trying to source ppe and found that we couldnt do that well. We found that this was a Clearing House and we could make it easier. We brought together 6,000 Health Care Providers and First Responders that are qualified and vetted and realized we could partner with them to get our bars to reach hospital workers and First Responders to create a match making platform for corporate sponsors. Health care workers are having skin care problems from face masks can get a lotion from unilever many institutions have received help from us we hope to be able to connect to thousands more it is a great idea. Great project. We wish you luck with it and the business thank you. When we come back, the new normal for air travel. Well talk about the push for masks on planes for workers and passengers before we go to break, here are some of the images from the pandemic across america. You should be mad they gave this guy a promotion. You should be mad at forced camaraderie. And you should be mad at tech that makes things worse. But youre not mad, because you have e trade, whos tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. Dont get mad. Get e trades simplified technical analysis. United Airlines Says flight attendants will have to wear face coverings when on duty today. They have been provided with surgical masks but will be allowed to wear their own cloth masks. Flight attendants are asking authorities to require passengers to also wear masks. Seems like a good idea id feel a lot safer if the people around me where wearing a mask the Parent Company of ruths chris steak house will repay the 20 million they got in the first round of the Payment Protection Program saying the funds were eligible to protect the funds to employees. They were recipients of loans meant for Small Businesses i can understand that we were making up the rules as we were going then and i can understand why companies would go ahead and ask and why they would now give back those loans if the loans were able to everybody and the whole goal is to keep everybody employed, youd feel a little less frustrated with a Larger Company getting access to these. The thing is that there is not Unlimited Money at the moment and the smallest, most neediest are not getting 5access it is unfortunate to see them unfillried it is the limited funds that kind of put the kink in it and changed the outlook of it. There is one nearby i dont know if youve been to the one in the city here ruths chris, i havent been to one forever there is one nearby eat in the bar it is a great place. I wish them well i think this is probably the right move by them it is a great chain. For a steak house chain, pretty good discovery ceo is hosting a virtual poker tournament hes on the board of mount sinai. Hoping to raise over a million he kicked in himself proceeds will support frontline Health Care Workers with ppe and meals, things like that. David is a board member, launching the tournament he put up the first 500,000 ly be participating. Along with many others including Brian Cranston, chip gains, bobby flay the big event. Tomorrow, to do night go to all in for mount sinai. Com you can watch at twitch. Tv americas card room you never get good hands. It is all about acting like you have a good hand. And you are a terrible actor. Getting another ace and not twitching and like that. Im horrible you are good at fish, andrew or old maid or something hearts. Hearts i shoot the moon if you want to play, im so game do not shoot the moon, please it means take all the points. I played that with larry. Larry fink plays if you want to play hearts or spades, im in someone is sending me the rankings of everything are you going to have it written out next to you what is best yes i dont know how you say, i see you. I raise you. Im not a poker player im going to be fresh meat well talk about the path forward for Small Businesses after the pandemic lockdown ends new data from a Boston Consulting Group next and a look now at yesterdays s p 500 nns d sers because theyre here working day in, day out at t is here providing support with advanced services for First Responders and connecting temporary hospitals, mobile testing sites and Emergency Management centers because until their job is done it is essential we all have their backs its what weve always done. Its what well always do. 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. Good morning, everybody. Take a look at equity futures on this friday morning. Dow will open higher nasdaq down slightly off by about seven points and s p looking to open down about five points right now states like georgia and South Carolina are looking to reopen other states are looking for the right time Business Leaders are looking to make some of the toughest decisions of their careers someone with experience counseling leaders is ceo of Boston Consulting Group. Rich, lets talk openly about this and not cover any of this up what do you hear from Business Leaders when they talk to you today . What are the questions they are most concerned about the top question is how to open the economy safely and how to avoid a w open it up and then have to close it down again and how to do it in a coordinated way so we are not trying to open up across a whole different set of guidelines how confusing is that to have governors going different ways, government advice and even mayors how much of a problem is that creating at this point, i dont think it is a problem. We havent really started reopening in a substantial way anywhere Business Owners are looking ahead to create their own way of how to do things they are opening up across multiple ways in the states. Not only increasing the risk of a w. It is not just about reopening but getting consumers back into the settings and the fiction of business the clarity of guidelines and which states approach that will be very important for the months ahead. I can understand how small Business Owners who maybe have one or two operations are desperate to get back. They have no way of accessing the Global Markets they could have deep pockets when you talk to Big Companies say the fortune 500 or even the fortune 100. Are they more conservative to the way they are pushing forward first . In the sense of what big businesses want is to do it right and to do it once and not have to do it twice. In that sense, there is some conservativism to ensure worker safety on retail sites whether they can open the store. They get the challenge here. And how to get guidelines in place ideally from the cdc, from the federal government that can be applied in a consistent way, even though that means the timing can be different across the country and in a given state given where the disease is and where Testing Capacity is. What are the bare essentials Companies Think they need before they come back in terms of testing and maybe personal Protection Equipment that might be available for their employees .