With looking at you, sorkin you are on a huge, huge screen you havent seen that. No one has a tv set. How big is that thing . 108 can you get one of these. A little too close. Back it up a little. I almost said this morning, futures down this morning after yesterdays yesterdays 300point gain so, okay they are down today. How do you sell this it was weird yesterday, wasnt it all morning long virus and all of this. End of the day, i looked it up up 300 i dont know look, the problem is that these swings we are seeing, weve all become kind of unnerved to it that was only after a loss from the day before we are looking at these up and down swings. The dow right now is still down for the week the nasdaq is indicated up for the week well continue to watch that looking at u. S. Equity futures the dow was up 300 points and the s p up 33. Nasdaq up 107 points also up about 1. 7 this morning, nasdaq is hanging in there up about 6 points and s p is off just over 3. 5 points. Yesterday, the 10year yield fell back below the 0. 7 this morning, still at 0. 676 . Oil prices, which a couple of days ago dropped by 6 down again when we were watching it yesterday closed a little bit higher now up by about 1 back at 39. 7. Still below that 40 we had finally pushed above very recently what a world. Some other top stories to tell you about. We are watching the financials following yesterdays release of those stress tests the fed announcing it would be forcing big banks to suspend their share buy backs and cap Dividend Payments at levels for the quarter. The banks must also submit their payout plans the fed found several banks could get too chose to minimum capital levels in pandemic amid the slow down. If you remember when jamie diamond wrote that letter talking about the worst case scenarios. We may not be here becaused on what he was saying but the fed maybe taking a sharper view themselves yes i was looking at that. You know what else was interesting for me, i thought of an interview i did last week that the fdic and others remove restrictions for how much money could be set aside for swaps thinking about how minorityowned companies doing all of these interviews. Then i thought, maybe this could be a good thing. Did you immediately worry about getting into trouble again and not setting enough aside what was your take on that knowing too well mixed views part of me wants to get that in as soon as possible. Less and less money for a Rainy Day Fund thats the balancing theme in my head i took it as a positive. Stop the presses i thought maybe we overregulated the first time around and maybe we held stuff back a little bit. Just saying it would be better i thought it would be good we need to inspire and fund and support Small Businesses and entrepreneurs across the board urban areas and everywhere across the board they are the ones that will be feeling the most pain they dont have the Balance Sheets to keep them through this if you can make sure thats where the funding goes, that would be a good thing. The fish and rod, not just the fish the hand up, not the hand out. Youve been listening to john obrien. I have. Im getting kudos from my analysis on the calendar that july is next serious on twitter i have a serious point when is july 4 is that on a saturday . Next saturday next saturday technically but friday is the day the markets are closed so we are off on the 3rd . What about the employment report when is that they just said thursday, it is coming a day early. Thats what i was hoping for. Everybody is waiting to see. Dont you know that number of jobs added i dont believe a lot of numbers and i dont believe a lot of the numbers that would be so difficult with the states. It is impossible to do the real time counting like this. Remember when wed get the gain. Where is the margin of error these days will you be adding jobs or losing jobs . Adding or losing . Id say adding probably because of what happened last time normally id say losing. Maybe but i think the real number to care about is the end of july or even end of august. We are still in the world. As a broadcaster you are doing a lousy job of selling that number both of you. Big number to watch it. I do have a life there are so many things going on and all based on whether we get jobs back. It is nike and the u or the l. Last month was such an outliar that im interested. My july analysis speaking of nike. Speaking of thats right the swoosh shares of nike im also told is a dow component. Did you remember that . Yes, i did. They change them too much the company posting unexpected loss. Down 3 . The dow component. I said it before i read it hurt by Retail Store Closures amid the pandemic. Seeing a 50 drop in shipments online sales were up 75 well talk to an analyst who probably had no idea this was coming in the next half hour no, no we have only the best analysts look, i think the street may be overreacting a bit. Looking at a quarter analysts had no idea would be coming. We knew they were going to get hurt the good news is that they were able to see so much in terms of digital sales. Well come out and look a little different. Businesses will try to take advantage of that. Youll see a shift in winners and losers strong brands will come out stronger retailers will come out weaker you see this play out. Real Estate Companies will come under pressure as companies say, i dont need this many people to come back. Movie theaters will not want to be beholden. We still cant put it elsewhere 90 days. The idea that nike can built a direct to consumer link will help them overtime it is starting to look like a swoosh initially, it looked like a v shape. Now kind of a hi brid v swoosh in other corporate news, the ceos of major u. S. Airlines are to hold a meeting with Vice President pence. Talking about European Union travel restrictions. Temperature checking at the airports and Contact Tracing unions are asking congress for a 32 billion additional government aid package unions say this is needed to keep jobs through the end of march 2021 as travel demand remains weak a topic we had this week flight attendants have to go to work as essential workers our jobs are on the line here. 11 Million People count on the Airline Industry for their jobs. We are talking about unemployment roles increasing. We have job security through the end of september we need an ex teks of that the federal government has not handled this properly. Well see mass layoffs in october if this is not extended. Airline stocks this morning have been under pressure they are down slightly this morning. You guys got some other segments we have the chair segment sponsor. What we need to do is figure outweighs to get a special chairs background for everybody so we can put ourselves in the same place can you do that change your back drop on this break. Just check it. Becky is changing it no, we need to get a specialized one to make us look like we are all in the same place. Oh, virtual look at becky, im getting vertigo. A disco. You can move. So sorkin, where is your control . Change it. Dr. Gottlieb is coming up this is how a lot of people base their feelings about stocks and prospects based on the coronavirus. Take a look at this mornings s p leaders and laggards stay tuned we are watching squawk box on cnbc if youve had the coronavirus, youve got a lot of fight in you. And youre in a special position to help us fight back. The plasma in your blood can literally save lives. But we need to act fast. Please donate plasma now. Please donate. Donate. Donate. Donate now. You fought for your life. Now lets take the fight to covid19. Go to the fight is in us dot org to find out how to donate. 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. Florida and texas announcing a pause in reopening plans the cdc says it is possible the number of infections in the u. S. Could be 10 times higher than the confirmed case count joining us now dr. Scott gottlieb, former fda commissioner and serves on the boards of illumina and pfizer. Even at 10 , that still leaves 90 nonimmune that havent seen the virus. So 10 , amazing that it is that high and makes the mortality rate look more manageable if thats a word you can use. It doesnt make it look as bad but still leaves a lot of people that would be obviously vulnerable to the virus. What he said is we are probably diagnosing one in 10 infections the actual number of americans who have had the coronavirus is between 5 to 8 which is probably right. Weve been saying that on the show for weeks now i would say we are diagnosing one in five to 1 in 10 infections right now at the beginning, we were probably diagnosing 1 in 20. The total population i would guess is around 7 right now it was 5 probably at the end of the peak back in may in cities like new york it might be higher. Boston, new orleans, closer to 10 . Why is the positive that deaths are down does that mean these are younger people or we are treating them better or using remdesivir or dexamethasone or getting them to the hospital quicker what is the difference there the mortality rate is down. We measure likelihood of dying from covid is down. The average age of a coronavirus patient presenting to the hospital or being diagnosed is much lower than it was the worry would be that we look a lot like iran. They had an epidemic, started to come down, plateaued but then had another spike in infections. In about three to four weeks after that spike, their death rate went back up to where it was. So there was a delay well see the death rate go back up hopefully it doesnt go back to the levels it was at you think rightnow, we are diagnosing one in five infections so maybe 150,000 deaths in the United States. Reporting about 800 deaths per day. We might be around. 5 which is bad. Not as bad as 5 it is the infection fatality rate not the case fatality rate so it is different the governor of texas does not want to backtrack on reopening. We are hearing that texas is backtracking in terms of not doing elective surgery, that is key capacity. Thats not really enclosing anything thats just in case the Health Care System is strained, you are not going to have patients in there with elective procedures that seems different than going back to a prephased one or closing businesses again most things are open in texas. They didnt close anything they paused continuing opening sporting vents, bars, libraries, rodeos only at 50 . They paused there. Most things were fully open at 50 to 75 . Hair salons, tattoo places are open at 100 with no social distancing requirements. I was surprised by what they did. Before they put an extreme burden on Health Care System they would take some measures to close some of those in the region where this is spreading like houston they told houston hospitals you cant do electric procedures but bars are still open in houston still might they might but they put a big burden on the Health Care System i would imagine in the coming days, youll see Doctors Express displeasure with that. Hey, scott. What do we know about where these outbreaks where they are taking place and whats happening . How are we doing with Contact Tracing . Do we know it is the bars or the hair salons . What do we know . Not much. Thats the problem these states arent doing very good could be tract tracing work they think it is settings where young people are gathering because they are the ones getting infected theyve identified the bars. Apparently most of the people presenting sick have identified theyve been in a bar recently they dont know for sure they just suspect that talking about the next two weeks are crucial. You have even mentioned that what p is going to dictate the next two weeks have we taken precautions to deal are we rolling the dice and just going to see what will happen . I think it is the latter, joe. People will be more cautious on their own. People are talking about you should wear a mask or stay at home many will heed that vice texas is testing a lot and turning over cases florida is not florida may be in worse shape. We just dont have a good picture. I would also be worried about South Carolina and alabama texas, florida, arizona. People are out and about. I see it where i live. I wonder, have we put it to bed here we are never going to put this to bed. With he have to get through one more cycle of this it will take weeks and weeks to get the size of florida and texas. That has taken weeks to build. If we start building, well see the consequences of that in four to six weeks we have to worry about two weeks and then four to six weeks. I think well be okay for a little while here. All right, doctor andrew coming up, well get into chairs maybe figure out some backgrounds. Ford unveiling the new f150 with hightech options including hands free driving well show you the vehicle next. You should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. Make ice. Making ice. But youre not mad because you have e trade which isnt complicated. Their tools make trading quicker and simpler so you can take on the markets with confidence. Dont get mad get e trade and start Trading Commission free today. And their financial wellbeing. Since our beginning, our business has been people. Its evident in good times, with decisions focused on the longterm. And crucial when circumstances become difficult. That continued emphasis on people our advisors, associates, clients and communities gives us purpose, strength and a way forward. Today. And always. To save on auto insurance. Theres lots of ways really . Yeah. Very proud of that. With smartride® from nationwide, they can get discounts for safe driving. Does she get one . Mrs. Carmichael . Safest driver in peytonville. Takes a lot of work and effort to be the safest driver in peytonville. What about this guy . With nationwide smartmiles®, the less he drives, the less he pays. The list of Inspiring Stories goes on and on. I bet. Ive never seen anyone do more with their retirement. Than you. I. Concur. Get a shot of andrew quickly. Welcome back andrew is trying im in the chairs im in a different location run and get the rest of the family this is worth getting them for this is what we do all the premers. They are in different places we need to practice. Now i have to read this thing without a desk right here. It is a whole different skill set. Andrew, you look like santoli. Im in the barn im in the barn. For the f150 story perfect. Absolutely. Ford unveiling the first redesign of the nations topselling pickup truck being turned into a rolling work station. Pickup truck buyers crave technology and comfort as much as brawn and towing pour will have a brad band connection and the area between the front seats that can make into a desk. Making up for a third of u. S. Sales. Well have more on this. Keep in mind, lebeau is coming on at 8 10 the ford coo jim farley is coming up at 8 10. I read all those futures i dont know whether they have a vacuum cleaner or not. Thats all i want you know i think youd like broadband with a work station. I dont see myself in an f150. I dont either. I could pull it off better than you could you dont think im handy maybe you said super duty. I have a german sheppard. Two of them. I see a lot of super duty. If im not, hes not andrew is more of a pick up driver than i am im not arguing with you. I would buy a pickup truck. My kids want one i would buy one before either of you i could put the golf clubs there maybe. Im not handy. I admit it i get the shakes when i go to hoax depot looking for a light bulb costco has started to bring back the popular free samples but it is no longer the open place it used to be. Items are prepackaged and kept behind plexiglass shields. Hard pass on that for me get this, guys new york city, private electric scooters and bicycles have become legalized in all fiv five boers lime, bird, lyft and spin owned by ford will soon apply. Food delivery has called for these changes. Tweeting yesterday the bill delivered justice for the workers that kept the city running during the pandemic. Ed the world has changed in just the past couple of months. I just saw one scooter go flying up. What is that, Seventh Avenue you can tell there, more activity out in front of us, the guys with the beg als and sandwiches are back there are about eight people in line these are things we havent seen there is some traffic going by our times square indicator is definitely coming to life. Most have masks on and there are a lot of police. I will say that. They are always there. We have a satellite, as you can see. That building there. Across the street from the armed forces recruiting place. Thats new yorks finest right there. How many times do we see these for anybody thinking i can finally get out of the house and go back to the beach, were going to scare you again check out this terrifying footage off the coast of south africa. This is drone footage of a big shark swimming below the group of surfers one of them spots the sharks fin. He pushes his kayak forward giving the rest of the group time to swim away. Sometimes sharks get a bad wrap you dont know what hes thinking nothing against the sharks. They are just doing their thing. I just dont want to be near it. We think look at that horrible predator. Hes entitled to be there. Probably more than they are that still doesnt make you feel great if you look over and see that next to you yeah, that would be scarey. That looks real. I dont think zakarch really di. Andrew, you are leaving the barn going back to the studio. Going back to the studio. Okay, now i have to get back to being used to being in a desk there are a lot of skills there. You are so smooth at this no one will even notice no one. Folks, when we come back, well have more of this mornings stocks to watch including a big boost for Virgin Galactic well take a look at yesterdays s p 500 winners and losers where will you go first . Wherever you may go, lexus will welcome you back with exceptional offers on exceptional vehicles. 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