Front. Showing millions of jobs lost. Well see more with the jobless claim number and tomorrow with the number from the government dow looks to be up 260 s p up by 34 and nasdaq up by 118. We are getting competing views jobless numbers we know are bad. Then you see oil prices that tell you where things may be headed prices may be up again gain of 7. 3 this shows you maybe things are starting to pick up around the globe. Maybe that demand is coming back that may be something to hang your hat on. Andrew thank you we have a huge lineup of guests. Secretary of state mike pompeo will join us to discuss relations with china former ceo of Goldman Sachs about the outlook of the economy and the ceo of paypal and also talking to the ceo of hilton and aflac ceo will join us and our media guru from lion tree hard to think we are going to pack it all in in three tiny hours. That means no screwing around at all today is what i think go for it then. Three hours time for everything. With err going to have to talk that aholme mnuchin. Im paraphrasing im not saying it. I like mnuchin i like him a lot no one knows what started it we should talk about other stuff. We have opinions on this we all are talking about twitter and waist our time with people with two followers how many followers does axl rose have . Probably a lot we are in the middle of a pandemic the economy is shut down we are in the middle of a pandemic trying to figure out another stimulus package it doesnt take long to fire off a tweet. I still dont understand that is a good use of time you are going to preach to someone that they shouldnt be responding to twitter people please it is not like someone at the top is ignoring. The whole thing is a common hes a role model all right, andrew i said that. Can you agree with me. We are agreeing on that. Okay you are surprised. Lets talk jobless id like to avoid that it is probably not going to be pretty the numbers due at 8 30 eastern. Economists say another 3 million likely filed for unemployment bringing the total number to about 33 million it is a packed show. The liberian flag. Did you see that i didnt catch it when i saw the first thing. So the president was on the floor at the mask factory where they were playing live and let die. No, no, no he didnt pick that. I thought of that too but didnt have any connect linkage between mnuchin and that song. We are all speculating this morning. You are right you are right. I dont know. This is a twitter world we are living in. People do go back and forth. You know what happens, everyone has a beef drake has a beef about something and beef about this. Ors that left over from this beat do you see that . Do you know that i know about beeves ive heard about them. We have beefs dont we. All in the family lets check out lyft shares. Soaring after the Company Reported better than expected revenue. The loss wider than anticipated. The company said ridership in the United States improved 20 notes high unemployment should keep a lid on driver costs you look at these numbers. There are a lot there. The rides actually drop by 70 now down by 70 . It had to be the idea that they thought they hit rock bottom that sotock is up 14 then there are shares of paypal. Trends were improving in april shares up on that news by 7. 5 as we mentioned earlier, well speak with the companys ceo at 8 15 eastern dan schulman friend of the show well talk about how so many people are shopping from home. Shares of twilio after Contract Health providers reported better revenue jumping and that stock now up by 25 . Andrew thank you we have some deal news to bring you in the mist of all of this agreeing to combine their uk operations virgin media and 02 in a ven tour to combine at 39 billion shares of rival bt is down sharply this morning we even talked about this with the head of that company when we were all together in davos about what he was going to do with all that cash. This is a little the part of that wow okay andrew, thanks when we come back, dr. Scott gottlieb will join us about new headlines including a new controversy over remdesivir. First a look at the dow biggest winners and losers at this hour. Leading the way, exon oil. Wti up exxon shares up by about 2 . Stay tuned to cnbc these days staying connected is more important than ever. So were working 24 7 to maintain a reliable network, to meet your growing internet needs. Were helping customers who are experiencing Financial Difficulties stay connected. Were increasing internet speeds for low income families in our internet essentials program. And delivering selfinstall kits to your door. Nos comprometemos a mantenerte conectado. Were committed to keeping you connected. For more information on how you can stay connected, visit xfinity. Com prepare. First place . Andrew cuomo shared a statistic siting data showing twothirds of new hospitalizations are people that have been staying home joining us dr. Scott gottlieb, cnbc contributor and serves on the boards of alumina and pfizer that seems to imply some sort of cause and effect but there are other pair am meters of where these people were. Do you glean anything from this about the characteristics of the virus. That is a high statistic when it comes to the origin when we look at china, they have very good reporting coming out of china out around that a lot of the infections happened around mass transit or in home someone brought the virus home when you look at clusters. It was usually mass transit or in the home. Those were the top two places where clusters happen. In that context, the new york data isnt all that surprising people that cant social distance or live in crowded housing, they cant selfisolate in their home, thats where we are seeing a lot of spread happening. I take that as a mixed blessing almost. So few cases seem to have been transmitted outdoors even though weve heard it can go 10 feet for what we hear, it seems close contact is really what spreads the virus. I was shocked at the number of individuals that work at our Meat Processing plant. There are pockets of infection and they are working close together i guess thats what weve seen in terms of social distancing. But at home, you dont social distance thats right. Studies show the longer you are in contact, the higher the rite being. There is pretty good data on this right now when you look at flu incidents and who gets the flu, it affects a disproposition at number of people we dont Pay Attention to that, we are oddly come place ant about the flu. Covid is going to hit people harder in nursing homes, prisons, Housing Conditions where they cant selfisolate. People who work in homes where they cant socially distance on the work place we need to think about how to get protective equipment into that setting other policy measures so that businesses that might not have a slim margin. People in dproeshry stores can spend the money they need to to get testing into the work sight. A lot of white color jobs will have those capabilities. Theyll be telecommuting, testing in the work place. Accessible to employees. Handing out ppe or purrell on a shop floor, they wont have the ability to do that you mentioned it is transmitted in houses. That it is spouses that pick it up the most but kids that get it too and parents who have brought it home some way or another. How concerning is that or do they get it with much less severe circumstances the kids, from what we can tell, arent getting that sick the actual number of people reporting with coronavirus is very low there are mixed studies. Some saying that kids arent getting infected but not really manifesting symptoms of coronavirus. We now see features getting reported on a post viral symptom. They are getting infected, it is not really identifying after the illness subsides, they are getting this auto immune phenomenon or condition. We dont know the numerator that a couple of dozen reports would be thousands of kids are actually getting coronavirus. Tens of thousands because kids are getting a mild illness or no illness at all that is why the schools are closed the first thing you do is close the schools. A lot of data showing the scope of schools close down because it becomes a vek tore inside. The same we assume is true for the coronavirus. We dont have daya on that yet i never really believed easter, obviously. That date was broached as the reopening. Then may 1 i remember when it was may 1 and then in midapril, got moved to may 15. Now here we are at may 7 i never know what day it is anymore. Forgive me tuesday was cinco de mayo. Now may 15 sounds just no way. What is happening . We are bending the curve down but it is slowly moving across the nation with hot spots and rises as it cools down are we looking now into midsummer before a lot of places have any reopening and the death toll goes down in new jersey or new york but gets made up somewhere else look, when the president announced we were extending the stayathome orders and the closures to the end of april thinking we were not only going to bend and flatten the curve, wed be in a better position nationally we havent seen the sustained declines we expected we might not see it. We might see the slow burn it is still going up in about 20 states not a lot. It will continue to go up. Against this back drop you were reporting on the economic hardship. Visits for chemotherapy are down 20 . Vaccines are down almost 90 we are probably going to have meeseles outbreaks because kids are skipping pgeneral physicals. We have to ask ourselves how much we are willing to tolerate. Id like to see it at lower levels than where it is now. We still have a lot of infection. As we reopen, we are going to risk outbreaks i think going through may, a lot of states will take that chance. You already see florida, georgia doing that they are opening and hoping the precautions we put in place are going to help mitigate and keep it from getting worse. In terms of the time line we talk about is the fall get us to the fall and things will be better i dont want to suggest it is an artificial time line all of the testing and bets we have to make to do that are going to be in place by then and what leads you to believe well be there in time i want to get to july and august hopefully the summer is a back drop and there is a seasonal affect here. You look in south america and you are seeing this become epidemic in pla epidemic in places like brazil the fall worries me a lot. We have remdesivir being produced in large quantities we should have the antibody drugs again in the fall to help people who are sick. I think well have one or more vaccine available in quantities sufficient to mass inoculate i think well have robust testing and it will be hopefully in the community, in the work place. Well be able to get people tested we should be testing in track and trace. This is a push back on the political right where you isolate people who were infected and track down their contacts. Even if we can keep up with a fraction to identify 20 of people affected with this. That will have a downward pressure and keep this from getting worse. All right, doctor thank you. Well see you maybe tomorrow if not on monday. Thanks, andrew coming up, when we return, googles big warning to its employees. No such thing as free lunch. First, some images of the pandemic across the country. Welcome back to squawk box. Google has updated its policy around a few popular perks telling employees they will not be able to expense food or gym costs while they work from home even if they have extra man from events or travel budgets google says employees have not been allowed to expense meals or snacks since they moved to work from home. The headline here is, are you kidding . People are trying to expense food that they eat at home would you ever i havent tried yet i sort of defer to andrew on things like this you know what i mean let me know what you decide. I paid for lemons for my water. Let me charge the company. I think this is the wrong environment. It never is whatever it takes to get me to eat less. The grazing. We have this pantry. Have you seen the picture of the guy dancing before quarantine. Muscular guy before and it is like wow, that guy is really ripped and it shifts over to a guy definitely jiggling a lot more than the first guy sorkin, you are not. Because of the next story there are two types of people. We are all worried about getting the other is version of the covid19, if you will. Those 19 pounds, which is not a bad segway to the next story like the freshman 15 the other version of the covid19 may affect more people. Lets talk about peloton sales are surging as people look to work out at home while gyms are closed that is sending stock a lot higher we have that story this morning. Diana. Andrew, peloton came in with much higher than expected q 3 sales and strong q 4 guidance. Everyone is working out at home. On the highend connected bikes and treadmills the ceo says we believe peloton is the future of business. Pton is not a covid story. He pointed to better experiences, coaches and value it saw unprecedented growth in connected subscribers on the bike and tread the app up 64 total subscribers now 2. 6 million. The average age of users also fell i asked if that concerns him given that young people are more likely to go back to gyms and studios. He said, no. Especially as we head into a recession where 30 for a class will be a lot more that value will be reconsidered. After extending the free trial to 90 days, they got more than 1 million. He said they do expect to lose a lot of free subscribers but turn a lot of them into paying customers. Andrew, i tried to get the tread version. They wont do it because it requires two people to bring it inside your house. Three, actually oh, three with the cycle they only bring it to the front of your house because they cant go into your house theyve suspended treadmill sales for now. He expects to get that going before the end of the year he was hopeful to get people treadmills by the fall ill tell you because i have one. It does take three people. It is very big they can get the bike to you the most important part is getting them back live they had to shut down their studio in new york they managed in two weeks to get technology to their trainers homes. 15 of them others are doing it on instagram or Facebook Live or zoom they have the Peloton Technology streaming out of trainers homes with the music bringing that live experience. Okay. Thank you for that appreciate it. They are heavy. They are like a treadmill. Those peloton bikes. They ever heavy. You lift it up on one side, there is wheels to move it on. You really cant move it as a single person. Coming up thats the one way i got some exercise with peloton was from moving it when you think youve seen everything on twitter, a fuel between mnuchin and axl rose cant we all just get along. As we head to break. First we look at yesterdays s p 500 winners and losers 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. Edward jones is itswell aware of that. Et. Which is why were ready to listen. And ready to help you find opportunity. So. Lets talk. Edward jones. Its time for investing to feel individual. New data out of china shed some light on the worlds second largest economy. Also getting a report that u. S. And china trade reps are set to speak by phone as soon as next week joining us now from beijing. I saw exports were up. I was happy. I guess this happened to china a while ago. We want things to improve there. I think so. The question is whether or not it is sustainable. More people think it is not sustainable than it is sorry for the bad news running through the numbers, exports did rise by 3. 5 the expectation was wed see a loss of 3. 75 . Another run is that there was very high demand for medical supplies including masks the daily export value of masks jumped by three times. China was able to benefit because as factories here were reopening, in other parts of the world, they were shutting down so they were able to pick up some of that business. Impokts lore by lower by 14 a lot of those are components that were reexported looking weak and because of the lockdowns. People are worried because of the rise in exports and that any demand in china will remain lack luster what is also interesting that i want to call your attention to is a response and growing narrative in the press in response to President Trump saying maybe in a week or two, the administration would be able to say whether or not china has been adhering to the trade deal. There have been reports that the u. S. And china negotiators will meet as early as next week in the state press, the global times has been pointing out that china is sticking by the trade deal they came up with a couple of points to say china has announced several rounds of tari tariff exempt goods. They have been buying soybeans they say includes a clause for force majeure. Thats the narrative we are starting to see in the state press. Also interesting that there has been some finger pointing to the United States saying if this falls apart, it would be the u. S. s fault because the u. S. Is the one launching all these attacks on china also these new tariff threats could up end the deal. What we are seeing is china trying to present itself as the leader statesman thank you well continue this conversation and talk about china relations and the impact getting to our next guest. It is great to see you you have a view you say if you make china the enemy, they win what do you mean by that good morning, andrew. What i mean by that is china is what it is we dont have to love their system of government we dont have to love their way of doing things. If we decide to fight their reiff, we are isolating the draw buying commodities all at the exact moment that we are piling on 5 million of new treasury debt this year with an average well see potentially demand for less treasuries and Everything Else while we are locked out of their consumer economy, which is the largest way of becoming a consumer economy in the world. So, we can debate whatever side to be on. There are ip issues we know so well about we now have a situation where you could take the administrations perspective. They have this virus they clearly didnt tell the world about. Whether it was made in a lab or not doesnt matter they didnt operate in good faith. What are you supposed to do if you are the United States . I think if you are the United States, you are supposed to lead and Show Confidence in our system we are a nation of individuals and a nation of market economy