Every direction. The s p saw an even bigger gain. The nasdaq up by almost 3. 6 the dow futures also up. Keeping an eye on the Treasury Department seeing how the fed news will play out there the fed news is back about 0. 6 . Sitting at 0. 612 . If you watch oil prices, which has been a big indicator of demand around the globe and what is happening, this morning, wti is up about 16 . All the way back up to 17. 49. Wow, all the way back up. 17 unbelievable lets get an update on the pandemic the number of global cases that we talk about nearing 3. 2 million. I dont know how good that enough is for anything we have more than a million in the United States. New york state cases near 300,000. I dont know of the reliability that state prisons near 7 testing positive breaking overnight, california governor plans to order all beaches and state parks to close tomorrow to avoid repeating last weekends violations hot weather, the police memo leaked to several Media Outlets yesterday. Andrew to put some is of those numbers in context, yesterday we had the most deaths in the United States from covid than weve recorded, 2,700. We always look at the number of cases. It is hard to know what is real and whats not deaths are harder number to fudge. We dont know what the mortality rate is. If we knew there were 10 or 50 times more cases, then that would be a much lower mortality rate it is at we are on the other side of the apex for the number of people getting it sure. The point im making is the deaths are for people that could have gotten sick three weeks ago. Hopefully well start to see that come down as well we hope as starts start to reopen, that is another question. You can do it per capital or compare it and look much worse i wasnt comparing it to anything i was comparing it to death. The idea that 2,700 families lost someone yesterday thats the only thing i was trying to say. We want to talk about the markets. We have a mark thaet has gone up and up and up. We cant fight the fed bringing in mike santoli for the big story of the morning what an effin call well start with tesla that not being there and two years behind schedule. Elon musk blasting the pandemic stayathome order here is what he had to say caller the extension of the shelter in place or i would call it forcibly imprisononing people in their homes against all constitutional lines in my opinion and breaking peoples freedoms in ways that are h horrible and wrong and not why people came this country off [ bleep ], excuse. It is an outrage this is a time to think about the future and also to ask is it right to infringe on peoples rights as what is happening right now . I think the people are going to be very angry about this and are very angry somebody if somebody wants to stay in the house, thats great. They should be allowed to and not be compelled to leave. To say they cannot leave their house and theyll be arrested if they do. This is fascist. This is not democratic this is not freedom. Give people back their god damn freedom. Around 3 30 a. M. Eastern, musk tweeted this. Well show you this on the screen liberty american flags with a unicorn and explitive you can only imagine looking at the numbers what do we know about the next quarter and the quarter out . There is a lot we dont know. If you were noft al begin, tesla relying on strength. Not really having much to say and ee musk saying provocative things the factory in california only closed for a week in the First Quarter. Suspending guidance on volumes for this year. I think you can scrutinize this performance from both angels the bears focusing on 300 plus billion. Cash flow, with err not really sure why the negative cash flow. Very strong sales and a net profit on the bottom line. The fact that this stock went from 920 to 370 in a month from the high in february to the low in march and now is back above 800 is remarkable and almost cant be pinned to whats going on at the company. It is just to show how sentiment has whip sawed so dramatically this is always a Spring Loaded version. Do you think this is a tesla story specific or that the rest of the car market will somewhere benefit . Are they different in so far that ways that people think about the demand, will people invest in their vehicle that that is where people will spend more time in i dont think it is moving on macro realities. First of all, tesla has always been different i dont think the core tesla buyer will think, i need a car, i wonder which can one i should get . Ill get a tesla what you will see is detroit giving cars away the rest of the year this is a test of really headtohead competition or if tesla is still a part of the market and if they are a core demand out there for the brand i want to get your thoughts on facebook. That stock surging on the hopes that ad markets have seen the worst. Saying after a steep drop in march, things have begun to stabilize. Striking a more cautious call than musk. He said that he worried opening the economy too soon would almost guarantee a future outbreak what do you say about this it shows the difference of the two ceos it shows the difference between the two ceos one who can work from home and one who cant. Its clear if you need employees in the building, you are getting more stressed out if you are somebody who doesnt, you can take a different attitude it also says a lot about the business so facebook said things stabilized in april over a flat year on year rate. You had a worsen viernment you can throw at a company like facebook and they get to about flat over the year and they say they are going to tweet the expense side this year and profitability will be concerned. If you think april is as bad as if gets, they cant help but do fine and stock will been down. A lot of folks point out that facebook is really a Small Business play given the advertiser space that hasnt come into play the user intensity of social media and on line anything has gone up. To the extent that you think of facebook and google as the rest of the economy as so far as the Small Business and advertising relates to the supply to be in business and what they imagine is the demand piece, maybe we are in a better place. I struggle to understand what these numbers really mean in the larger context we are in a better place if you are in the right part of the industry the longer term shift, all it has done is accelerate the shift digital will take from everywhere else. It is so dominant. Theyll be fine. It is not necessarily a great indicator of overall ad demand, business spending. We cant make that determination yet. The market is clearly saying even if we got bad, it is not going to stay bad in terms of general Business Condition thank you, mike thanks, mike. I thought we were going to talk microsoft. Worlds most valuable company is that for a reason. We have to get to the squawk planner. Getting to the closely watched jobless data at 8 30 expecting additional 3. 5 million new filings. Barclays and bank of america raised their forecast. The total now stands at 26. 4 million claims. Also getting personal income and spending data for march and the ecbs latest Rate Decision a big earnings report. Mcdonalds and twitter. And no jobs report tomorrow. They cant do it that fast tomorrow is may 1. What do you make of the report weve already seen microsoft, well talk about it later. We havent said what it was. It is like there was no covid19 crisis or it drove what microsoft helps people do, that is work on a computer or work virtually. Yeah, one thing ill mention about microsoft. In terms of where the premarket is sitting, microsoft only traded above this level for two weeks. The consensus that this was an indispensable stock before hand. It does point out we are in a relatively brief phase of changed behavior and not something that will go on. Not like the stock had gotten super cheap. It gave a little entry point to play what everybody acclaimed as the longterm winged story are people really worried about the miss in the market or the fed. Then they would have seen it coming anyway. That would have been the latest excuse now saying, well, yeah, it is the fed. Thats no different we went through that in the early 2010s saying the same thing. If the fed decided not to let the entire system crash. By doing that, enabled people to kind of get back into the market after they rushed to cash in the historic way after a month of panic, then thats that. How many times are you going to be on today i dont know. We dont need to book anybody else we dont need anybody else which is fine. Thank you. Becky, whats up still to come, dr. Scott gottlieb will weigh in on the positive drug results from gilead and about californias decision to close beaches and state parks. Check out shares of oil giant shell. The board slashing the dividend for the First Time Since world war ii a 66 reduction. Suspended the next stage of the Share Buyback program saying the level was not proudent given economic instability that stock down about 6 squawk box will be rightac bk. 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, there are reports that the fda may grant consumer use of the gilead drug remdesivir there is evidence that the drug is effective remdesivir has a clear cut, significant positive effect in diminishing the time to recovery this is really quite important shares of gilead rising on that positive drug trial news we got here on the air yesterday. Joining us now is dr. Gottlieb, former fda commissioner, if you were still running the fda, would your decision be to push this through quickly this data set meets the legal threshold to allow the drug to be authorized to be used in the setting of a Public Health emergency right now. The drug showed improvement in time for hospitalization of 15 days to 11 it also showed a trend in lowered death. A lot of these were pretty sick patients in a sitting where nothing else is available, it meets the use of emergency use dr. Fauci said a second wave is inevitable but the white house cannot extend the lockdown orders it is probably the end of the federal guidance to the states i think the states are going to make individual decisions still. The slope or the curve down isnt steep. We are on a flat part of the curve now. Weve seen the decline similar to what happened in italy and spain. It went up quickly and took a long time to take that curve it went up and came down quickly. You look at states like maryland, indiana, tennessee 25 states in all where the number of new cases daily are going up only about six states theyve shown declined ohio and idaho being two of them also seeing this in the northeast. The states will have difficult decisions to make in may you heard elon musks comment. I think that reflects a growing sentiment where people want there to be over they have tough decisions to face this month. What do you think, why are the cases not coming down . Are we not following the guidelines close enough . Thats right to some extent the model and other models were predicated on the curve. The way those models were built, they assume the slope of the curve up was going to be similar to the slope coming down what weve seen in the European Countries is that the slope is gradual coming down. People havent been following mitigation as strict as they had been able to accomplish in china. We are likely here to have an emdemocrat epidemic with a gradual decline. We wont have all those tools in place. The bigger risk is that we reopen we never get rid of it, it continues through the summer and we face the risk in the fall that it starts to reignite in a more proburobust fashion where o and College Campuses that is the risk and the concern we face here there is a group. This has gotten where people are divided. There are a lot of people in the country that talk about what we are trying to do im not saying either side or taking either side some say this is about bending the curve so we didnt run out of ventilators once you do that, you are not going to prevent some exposure of the entire country. You cant be in a lockdown until there is a vaccine there is going to be some spread that ends up with some type of herd immunity or makes it not as horrific when there is a wave. We need to make sure they get the care they need but you are never goodiing to gt to zero with people locked up in their houses while people wait for a vaccine . Right we are never going to get to zero lets assume 20 of new yorkers have had covid19. Look at all the morbidity and mortality. We have refrigerator trucks outside of hospitals you take that and increase it to 30 to 40 and apply that to every dense Population Center in the United States. You ask yourself whether we are prepared to continue with that amount of death and disease. We are going to have spread. The question is what does the economy look like . A lot of people will stay home and businesses who dont have customers in a setting where this is spreading widely that is the risk this doesnt go away because we dont get rid of it at this round. Those steps were as painful as they were and we continue the spread into the fall that sounds like the worst of both worlds. The hope is that we have a better tool box going into the fall we need to have casebased interventions. We shouldnt be isolating people infected and trace sick contact. Well have one or more drugs remdesivir looks active. It is not a home run but looks like it could help we might have antibody drugs and doses sufficient we can help with major outbreaks in big cities in the fall if multiple manufacturers make it over the finish line. We may have a better tool box heading into the fall. We may have a better risk especially going into flu season you always talk in the most measured terms and it is hard to understand what your actual position is. To come back to it, if you could help us. What are you suggesting here, that the governors are moving too fast would you tell them to shut down or stay closed longer . Is that what you are trying to say . Im trying to get to the essential piece of what you think is supposed to be happening but isnt. Im still in the camp that i think we should see sustained reduction before we reopen you look at states like ohio, they are more or less meeting that standard. Theyve shown a sharp reduction. Id like to see it extend another week but you look at states like massachusetts, indiana, colorado, tennessee, it will be hard to see those states reopen. We are seeing cases bounce around30,000 we havent seen declines yet that is a big epidemic id like to see the states go longer it will be hard for the governors. You are starting to see the fray and people being restless. And rightly so people are getting badly hurt by this economy i think every week we get, we are better off we are not going to get much further without some real consequences on the back end of this dr. Gottlieb, thank you well talk to you tomorrow, i think. Thanks a lot. Okay when we come back, a lot more on squawk box. Have you been frustrated about your in ability to unlock your iphone because of your face mask you are not alone. It may soon get easier well show you some images of the Pandemic Impact from yesterday across the country its only human to find inspiration in nature. And also find answers. Our search to transform. Farm waste into renewable natural gas led chevron to partner with california bioenergy. Working to provide an alternative source of power. For a cleaner way forward. Welcome back to squawk box. Time now for the executive edge and maybe potential help with a common frustration some of us have been having with facial recognition. Apple has released software to developers for testing that would make it easier to unlock your phone to make it easier with a mask. All you would need to do is swipe up wearing a mask and skip the face id delay and enter your pass code instead. It will likely be a few weeks. I dont know if you remember, one of those phones where you had the thumb print. I thought that was good. They took it away in favor of face i. D today, you kind of think you should have both the brave new world the last time i was in a store, i had a mask and gloves on i thought about it i said forget about it im not taking my phone in there. You risk getting contaminated. The answer is, you are just not going to use your phone in public i had the grocery list on the phone and the gloves on. I know. Youve got to memorize it. The thin gloves, can you use your phone for a while before i got a box of those, i was using big yellow dish washing gloves. I was using those and sterlizing and reusing them on the phone, you couldnt get those to work. The big ugly yellow dish washing hands. If you take it into the store with you, you are going to get your phone contaminated. I wipe the phone and all of that youve got to write down the grocery list now im stayingaway from you. You are staying away from me. The brave new world where all of us are Walking Around going theres that guy, famous guy, the brave new world on facial recognition took a turn. We are all going to be wearing a mask the next 50 years year and a half can we do x ray recognition or something i wonder if theyll figure out a way to do it just with your eyes. I would know you how of 10 Million People theres sorkin i could see you coming it might work with eyes. You are right. Mine, vi to draw in, which is depressing shows my hair color. Tmi coming up, well talk markets and potential impact of todays big jobs data. Futures now, mod rated up at 83. Comcast, mcdonalds all expected around 7 30 a. M. Eastern these days, its anything but business as usual. Thats why working together is more important than ever. At t is committed to keeping you connected. So you can keep your patients cared for. Your customers served. Your students inspired. And your employees closer than ever. Our network is resilient. Our people are strong. Our job is to keep your business connected. Its what weve always done. Its what well always do. Good morning welcome back to squawk box here on cnbc lets show you u. S. Equity futures. Dow looks like it would open up about 90 points higher, the nasdaq up by 100 points. Fed chair warning things may be worse than weve ever seen the central bank is ready to act if support is needed we are committed to