Hold on. This is a tease. Stealing the thunder already this thats right, we are going to talk about this in just a moment anybody still on radio has to wait a second. Take a look at the futures this hour dow futures down about 170, s p off by 2 and nasdaq down by 81. Yesterday, nasdaq down about 1 . Crude oil prices, lets check that quickly we had been watching that contract build up. The july contract build up to just over 34 yesterday. Lets call it even at 32. Then there is the treasury market weve been watching youll see the 10year note has been yielding 0. 64 . A little pressure there too. Take away. With that tease, it feems like months now, weve had really big guests and corporations a big interview at 8 00 a. M. Eastern. Well talk all things economy with former Vice President joe biden about the pandemic, the race for the white house and so much more. Well do that at 8 00 a. M. Live with him a big interview to look forward to on this friday. Tgif i know all the days roll together but here we are and it is friday. I thought yesterday was friday it is friday and a threeday weekend. That makes it a better friday you have to realize it makes next week a fourday week. There is a lot to what it means to have a monday off which i like better than a friday off. You are looking forward to the threeday weekend and the fourday workweek next week. But as we always say, we are just so happy that we are working. We never forget that right . Yes do you dream. Im dreaming every night it is a lot of anxiety and pressure can you imagine being a kid in the world like this. We have to count our blessings i see it with our kids every day. Meantime, joe, you alluded to this news taking place overnight in china we want to get to that story now. Hong kongs hang seng plunged more than 5 after saying they will possess new security laws well get over to our china expert, eunice yoon in beijing officials have been describing hong kong as a defenseless city that those new security laws are meant to protect. The proposal was tabled here in beijing at the National Peoples congress, which is a big political gathering. The proposal aims to tackle. Secession, subversion, terrorism and foreign interference all of which would improve the one country, two system style of governing which has allowed hong kong to operate relatively independently ever since hong kong was handed over to the chinese from uk rule as you can imagine, many hong kong act vaivists are calling fr action and street protests and a breach of their liberties. That this is the end of hong kong as they know it hong kong has been free wheeling system different from mainland china. Thats one of the reasons we saw such concern in the stock markets. A drop by 5 also interesting that this whole hong kong issue and concerns about the National Security law really overshadowed the big headlines that some people were happy with there was an increase in expectation of stimulus. That looks as though it is going to happen. One notable thing was that there was no new growth target, which is highly unusual. Was seen as an acknowledgment that beijing is expecting Slower Growth so the budget deficit target was raised up to 3. 6 . This is the first time it has been over 3 people are saying there is going to be moneythere to stabilize the economy. The defense spending is higher by 6. 6 . The growth is lower compared to other years. The unemployment target is interesting at 6 with the target at 9 million overall, people expect leadership to guide its decisions on the unemployment figure because as you well know, the leadership is very sensitive about people not having jobs because they see it as a social stability issue. It is a big one there are about a million questions to be asked. Well check with you in a little bit. We will President Trump meanwhile said yesterday, we are not closing our country, in his words, if the u. S. Is hit by a second wave of infections. Here is what he said when asked about that second wave during the tour of a ford factory in michigan we are going to put out the fires. We are not going to close the country. We will put out the fires. Whether an ember or a flame, we are not closing our country. The president wore a mask for the first time it was the first time hes been seen wearing a facial covering id wear that thing. Do you like to see people out. Not strangers that people sometimes i dont want to have a conversation with at the super market i know thats hard for you to believe. This is your avoidance tactics. You have plausible deniability. You didnt know whether they recognize you and they dont know whether you recognize them. I can be right next to someone getting something off the shelf and i dont feel like i have to make small tack which i love this is perfect for you yes it is. A couple of times i have mentioned that, lets see, i think we both recognize each other. I feel bad. I see my neighbors im trying to keep my distance i feel bad like im not being neighborly enough you want to make sure everybody is safe. You know blake. You know what a hugger is. She hugs everybody. She says i cant live in this world. I said you are never going back to that. We are not even shaking hands. Like seinfeld. Everybody wanted to kiss jerry they got mad at him. You cant do that anymore. Dont expect that sorkin no more of the three on each cheek. I cant. I cant do it. Anyway when we come back six feet. You cant even do a fist pump or one of those we know how to blow kisses now. When we come back, well take a closer look at Vaccine Development and the potential for expediting trials. Dr. Scott gottlieb will join us next and dont miss our interview with president ial candidate joe biden at 8 00 a. M. Eastern time. Quk xilbeig bk. Sawbo wl rhtac save hundreds on your wireless bill without even leaving your house. Just keep your phone and switch to Xfinity Mobile. You can get it by ordering a free sim card online. Once you activate, youll only have to pay for the data you need starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. Pharmaceutical and Biotech Companies are working at a quicker space to try to create a coronavirus vaccine. There is a debate whether people should be exposed to the virus to try to speed things up. Meg tirrell has more on this there is a healthy debate on this idea of what is called the human challenge trials to try to speed up the vaccine for coronavirus. On the pro side, they say this could speed up development by several months and enables testing even if the outbreak subsides it could happen that by time the vaccine is ready, the virus has passed and it is hard to determine efficacy in the field. They also say this would by done in young, healthy and lowrisk volunteers there is still a risk of disease or even death. There is no rescue therapy there is remdesivir but it is not a silver bullet. And it may not predict efficacy in the more Vulnerable Group experts like a vaccine olgs said if it takes to january to get to a phase three trial, it is worth it because we could be vaccinating people before january. Already more than 24,000 people have volunteered to do this through a group called 1day sooner in 102 countries. This happened before for the flu. They called the place they lived hotel influenza. There is precedent but a lot of questions. Lets hope it is not Like Hotel California you can check out any time you like but you can never leave. Thank you, meg joining us now is dr. Scott gottlieb, cnbc contributor and serves on the board of illumina and pfizer earlier this week when we had the moderna ceo or maybe last week, he was talking about the 600 people that would be signing up in the phase two study. I asked him where those people came from. Who volunteers for this, do they get paid for this . What kind of ethics questions are at play. They do get paid for it you wouldnt want to pay them an amount that would influence them to do it these are 18 to 30yearolds i think well end up not doing it the reason to do it is to get an earlier answer on whether the vaccines are effective in a phase two study. We are not going to be able to enroll trials in july and august there is not going to be enough circulating to find out if these are working. Well have to wait for the fall. Sponsors who try to enroll them in july and august might enroll them in the wrong place. You might enroll them in houston and find out the outbreak is in dallas it is hard to make advancements in the summer until we get to the fall one thing you could do is these human challenge studies. The complexity is not recruiting volunteers but manufacturing good gmp grade virus in a lab, High Security Lab that can manufacture the virus. There arent many of them. Probably just one lab the dod maintains that could be attached for a trial like that. What about the phase two weve already heard from places like moderna and others. Thats not going to happen im confused by what we are saying we wont be doing this or they are in a place there wont be a lot of outbreak . The phase two studies, they are looking at whether the vaccines produce antibodies and whether those look like the kind that have a clinical benefit but not studying the vaccine with people coming into contact with the virus. You can try to do that but you wont be able to do that in the summer time as levels are coming down you need to wait until the fall when you can vaccinate 30,000 people and enough of them will come into contact with the virus and you can figure out whether it is working compared to a control group. This is a way to expose people at a time in Julyand August where there is not a lot of circulating covid to come in contact with it is a way to accelerate development and get an earlier answer some thinking, that you can go into the phase three studies and your just looking at immune owe genisity data. We have boeen looking at the numbers. They have been coming down in new york, Washington State has been improving a lot are you going to feel comfortable to a point soon that you break out of the lockdown youve been in too it is nice weather out, people are out all over is that okay is that a safe thing to do now i think well all be able to take a breather this summer and get to some sense of normalcy being careful. Going out a little less, practicing good hygiene. Shrinking down our social circles. If everyone takes simple precautions in their lives in their social circles and the amount of time that they shop. A study showing if people just shopped one day a week less, that could have an impact. If we are all careful, we could take a breather. We cant be complacent heading into the fall when the risk is very different i do agree with you. Im hopeful that this summer we could take a break is shopping the most dangerous thing we do now . Any time you go out and come into Contact People in an indoor setting, over a period of time going into an Office Setting people who work in at risk jobs, thats why we see the risk in places like a Meat Processing and you are on the same floor in contact with the same people those are highrisk setting. Indoor and in contact with the same set of people for a period of time, those are the conditions under which this spreads. Again, they sort of down graded the risk of picking it off an inert surface why . If someone sneezes on a stable top that has covid, why wouldnt you be able to obvious lue you could but why is it less likely do you need it in the air and to inhale it or something i guess it is just a harder transmission the cdc statement about the transition of droplets is based on the studies looking at outbreaks of infection and it is mostly right most of the transition is from the drops and contact with people i wouldnt discount the probability there is some spread through contaminated surfaces. People should be careful about shared surfaces. I dont think that study has definitively concluded the shared surfaces. I would still wipe everything down im wiping individual avocados down im not kidding. I take them out of the bag and wipe them. Bananas. If you buy a bunch you can wash them we all have to decide where we draw the line there is limits on what we can do for reasonableness. Shared Services Like mass transit, they should be doing deep cleaning, shared Office Spaces businesses need to think about those. It might be a lot less but it is still a risk okay. Dr. Gottlieb, thank you great to see you coming up, wipe it all down. Wipe everything. You know what, hard to get those clorox wipes you can make your own save the old container works on hemorrhoid wipes too. Tmi see what three Big Tech Companies are saying what are you laughing at vo our communities need help like never before and wells fargo employees are assisting millions of customers across america through fee waivers and payment deferrals, helping people stay in their homes through mortgage Payment Relief efforts and donating 175 Million Dollars to help hundreds of local organizations provide food and other critical needs. When you need us, wells fargo is here to help. Time for the executive edge. We have a look at the impact of the pandemic on three tech companies. Nvidias cfo said the lockdown hurt business early as caves in china closed but then the surge of demand of people working, learning and gaming at home. Nvidia makes processors for gaming up 25 year over year. Shares are up more than 45 percent e yeyear to date hp enter prizes. Hurt hard by pandemicrelated supply chain disruptions including a dropoff. Eroding sales due to the pandemic ibm. Some reports say it could be in the thousands. First cut under ibms new ceo. Coming up when we return, reopening america. Speaking to ceo from a casino. And dont go anywhere, we have a big interview with joe biden at 8 00 a. M. Eastern. Before we go to break, a look at yesterdays 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. Dow down about 130 points on news happening in hong kong. Stocks wither weaker crude prices continue to trade at much higher levels than we saw when things got dicey. We are back to 62 almost on wti crude. Casinos are big business they recently started to reopen in louisiana and mississippi after being closed to the public for months offering a glumgs of what the industry looks like in the future joined any by jay snowden. Recently reopening 10 of its 41 facilities weve talked to some restaurants and everybody facing similar things what is specific in terms of what youve seen many were hit hard and we were forced to furlough 95 of our team members toughest decision and times weve had to go through. We are seeing a little light at the end of the tunnel. We just opened five properties in louisiana, five more. Kansas next week, West Virginia on the 5th, and more on june 1 we are working with state leaders, regulators, mississippi, louisiana, some of the best regulators in the country about how we can do this in the safest way. Temperature checks before you enter whether it is a team member or a guest. Mask wearing for team members strongly encouraged. We have extra masks for those who forgot theirs. When you come into the casino, every slot machine turned off to force that social distancing table games turned out traditional spots. Food and beverage offerings are more grab and go than full service restaurants. So far, so good. Team members have preached safe, comfortable environment. Thats our goals no one knows how long well be in this position. What about the number of employees youll be able to bring back if there are fewer people what do you expect gaming revenue to look like even six months from now if there are not as many slots or people . Joe, look, it is tough to predict th predict in this world we find ourselves in i would tell you im excited to say we have been able to bring back 3,000 team members over the course of the last several weeks. That feels great when you had to furlough 95 of the company. To make those phone calls back to team members. Weve had tremendous success so excited i got the results over 95 of our team members we spoke to accepted to come back, which is fantastic stat compared to what i have heard elsewhere it is so hard to say now there has been a lot of pent up demand folks have could be infever, looking to get out of the house. Well see how this plays out demand has been strong so far. I guess for a while, the brick and mortartype operators may have looked at online as a threat i guess we are all doing things now. Youve entered into an agreement with bar stool sports and you are an omni provider now now it is a good thing i dont know if you want everyone just staying home on line but you are probably happy youve got that channel now. To your point, we pivoted about 15 months ago as a company and decided based on Sports Betting legalization prolive rating across the country so quickly, we have an opportunity. We operate more properties in more states than any other Gaming Company thats very powerful because this is a states rights issue in terms of Sports Betting and on line casino. Sports betting is legal in several states i casino is legal in about five states a lot of conversation now. States are asking god forbid if this happens again, the states that have legalized i casino are still generating momentum. You have this opportunity in the state. We are set up very well. Whatever form of gaming that customers are looking for. Brick and mortar, retail on line sports book or casino. We are positioned really well with great products and brand in bar stool we partner with. After earnings and people ask about liquidity. You said you were pretty comfortable with it. Still a couple of days later, you did equity and convert offering is there a shift did something deteriorate or did it seem like a rainy day was a good time to tap the markets we have said liquidity was earnings we had got the runway through the end of the year in a zero operating enviro