Points. As the coronavirus outbreak shows no sign of slowing here in the united states, the s p and nasdaq are going to expand after earlier rallies. Down three and a third , nasdaq down two and a third period in what will be possibly the most important hour of trade this entire week, our market power panel among them manage more than 1 trillion is here. Whether he sees any Entrance Point and Eric Freedman on the one sector he loves in both good times and bad. As new york governor orders the entire estate to shelter in place, one of the biggest hospital chains is kicking off Clinical Trials in partnership with gilead, the two Companies Close to a vaccine. The man, the doctor overseeing the study of patients who have tested positive at the hospital gives us a scoop on how quickly his team can get the job done. Movie theaters across the nation have gone dark. The Box Office Receipts are plummeting. Amc theater ceo adam of Amc Entertainment on his Companies Fight for survival and how much longer he can put up his fist. And while california goes into shutdown mode, one company is hoping to keep you healthy and to keep your body fit as you stay fit in quarantine. Beach body founder with an online app. The ceo is going to join us live. And it is whats called crude drupal witching friday as the new york stoc Stock Exchange floor is about to close. Were less than an hour. Lets start the countdown. On this friday we start with breaking news. The cdc is reporting its count of new u. S. Coronavirus cases now stands at 15268. That is a ramp up of nearly 5000 just over since yesterday. As this news hits, Mitch Mcconnell is giving an update on the status of the trillion dollar coronavirus stimulus package making its way through the halls of congress. Senator mcconnell saying the four subgroups negotiating the deal are meeting this afternoon. He hopes to have an agreement by end of day. It will be drafted tomorrow and holding a vote on the motion to proceed. That would put the senate on the path to vote on the final package in the senate on monday. The promise of a large fiscal stimulus package did not breathe life into the markets. We are now down 726 for the dow. It is breathing life into some of the most beatendown sectors that are well off their session lows but now off their session heights. Mgm still, right now it is up 19 . Earlier it had been up much higher. Wynn resorts up 14 and two thirds percent, Las Vegas Sands up 7 . Those are the casinos. We want to talk about industries that are kind of at the back of the line here, lets get right now to some that are much closer to the front of the line. That would be the airlines. United, spirit, american, they are moving higher as they may get closer to seeing 50 billion in aid or bailout. Lets not kid ourselves in this gop release package. Spirit airlines up nine and half percent, american is up half a percent. We have Car Companies in the including uber, avis and hertz, they are moving higher. We should mention uber is up one and three quarters percent, really important to note that uber is a company that has in its division uber eats. Its delivery business, Home Delivery business is going gangbusters as people order out from restaurants. Lets talk about a life raft on the wafer cruise lines, cruise lines are firmly in the green. Carnival up 17. 8 . That is a little hard to make sense of because we know they are shuttered for the moment when it comes to the leisure pre travel business. Royal caribbean three and a quarter, norwegian up three into thirds. Let us get to boeing. No matter what news is out there, but one cannot manage to scratch its way up permanently up into the green, session to session we are still just at a flat line and slightly lower after the governor resigned from the aircraft giant board because she said she opposes any kind of government aid including the 60 billion boeing is begging for an order to whether the coronavirus crisis. She does not want to be part and parcel of a bailout of boeing. Boeing is 97. 18 stock but shares are slightly higher. Were slightly higher on a report that the playmaker was considering a production pause. Again we ask you guys to really wrap your mind around some of this news and not necessarily how algorithms are moving some of the stocks. Shuttering entire Assembly Lines is not a positive thing. We should get to other issues we need to cover. Lets get straight to her team coverage, tim anderson our trader is down at the new york Stock Exchange which is in a historic move set to temporarily close the Trading Floor and move to all electronic trading at the end of the session today. While the Trading Floor has closed several times during its history including during world war ii, the wake of 911 and during the market shutdown when Hurricane Sandy hit, this will be the first time the physical Trading Floor has ever shut independently while electronic trading continued. We also have retail analysts here to talk about how some retailers are getting traumatized by store closures while others fill the void of many, many of those that are getting laid off. They are on hiring sprees and michael whose company has more than 3 trillion in assets is here, hes looking for and hunting for and how hes advising his clients to invest right now. For the week, we just saw the picture, the dow will have been down 16 , the s p down about 13 . We are just looking at numbers that are all so incredibly ugly with the nasdaq down 11 . Can you spin it forward to monday and i guess the new normal for shortterm for you guys on the Trading Floor. Clearly the market is taking a lot of news that comes out of the Daily White House briefing on the virus and, Going Forward i think will be watching the new outbreaks count very closely, and if theres any other really extreme hotspots around the country where things seem to be a little bit out of control. Were just in a little bit of a Holding Pattern on the Trading Floor, waiting to see any visibility a few weeks out when the reopening might come. We know that multiple publicly traded companies have laid off entire industries of laid off people, but youre also looking not just at that but at the companies that are stepping in to fill that void and hiring not just tens of thousands, hundreds of thousands of people. As you remember, just a couple days ago. [inaudible] they laid off 80 of his staff so for this industry yes its a really big deal however you have the opposite effect where their staffing up 10000 people, other Grocery Stores stocking up in their warehouses, stocking shelves. The good news is the supply chain at this point is not going to be disrupted. People are very worried about not getting enough food, enough toilet paper, thats not can happen. What may be disrupted is longterm, the ripple effect. Counties, states, countries shut down. What is going to happen in terms of manufacturing down the road into q3 and q4. It is impressive when you look at some of these companies that are stepping up to higher. I was looking at some of these numbers, walmart, 100,000. You can go on and on and goodness at least for people who can quickly shop some of these. There even given hourly workers bonuses. Michael, let me ask you how you are advising your clients. With the money you have are you picking up names or is it too treacherous. I think next week will be an important pivot point. Liz you mention this battle between the bulls and the bears. Next week you will have a little bit of a battle between the market and Economic Data. For example, the data in february for china has been dreadful and we caught a glimpse of what the Coronavirus Impact is so far in the u. S. This week with retail sales in the new york fed data and certainly jobless claims. I think next week we will really get insight into Consumer Sentiment and spending, more weekly jobless claims data and more fed data as well as manufacturing services. The point being, if markets, a lot of bad news is already priced in. If markets can stabilize and withstand whats going to be some pretty ugly data, i do think it is a signal that a bottom is starting to form. We are looking for signals. We are looking for signals but we are expecting the first time jobless claims are going to hit millions next week. We get those numbers every single week. Goldman sachs is predicting 2 Million People trying to get on the unemployment role so we will be watching all of this. We appreciate it. The dow jones is still down about 672 points. Have gotta tell you this morning worthwhile health come of this is a hospital on long island, announced a partnership with the two pharma giants running a series of Clinical Trials a new coronavirus treatment. North Wells Research arm, the Feinstein Institute is teaming up with those two names regeneron and gilead to test the treatments and their enrolling patients who are hospitalized right now at north well and who have tested positive for coronavirus. So cases in new york are exploding. There are 4408 confirmed coronavirus cases in new york city and more than 7000 cases in the entire state. Here now, doctor kevin tracy, a former neurosurgeon at the cuttingedge of Bio Electronics medicine. He is the ceo of Feinstein Institute for medical research. Sir, you gotta tell us off the bat, youve got people who have tested positive, theyre being treated, how will they be hooked up with regeneron and gilead sciences. We recognize the importance of your question last friday and stood up literally overnight in Clinical Trial units just for covid19 patients. The vaccine thats coming in apps being developed and audible places is a year end a half away. What were dealing with her the patients were in the hospital and some of them critical we ill. We asked themselves one of the drugs we can deliver to them now in collaboration with gilead and others in the fda. Tell me how close you are to some type of therapy that can unmask get distributed to the entire country. We are a microcosm where you are. Youre on the border of queens but technically on long island we know all the cases in new york city that would include the borough of queens. Our Corporate Headquarters is where you described. Its actually the largest provider of healthcare in new york city. So most of the cases will be coming through our doors, through one of our 23 hospitals or hundreds of outpatient facilities. We took it as an imperative to try to find an answer to your question. What we realized is that patients are coming in needing oxygen, ventilation and therapy but they also need something more. They needed something to treat the problem they were confronting. One approach is to work with regeneron. Their drug targets the immune reaction to the virus and by cutting off that reaction there is real hope that some people will derive benefits even though youre in the course of the Clinical Trial. With gilead their experimental drug doesnt go after the immune system, it goes after the virus itself. So were hoping by having both of these trials available to our patients who are in critical need now that there will be some message of hope that comes out of these Clinical Trials in the next week to month. And i quickly ask you how you are doing on pte, the personal Protection Equipment piece as we hear there are peoples sewing facemasks in parking lots of hospitals out of fabric that was used for sheeting and other issues in hospitals and blood shortages, tell me how youre doing. There running an almost military Like Operation out of a command center that is in constant munication with all the leadership of the hospitals in the outpatient clinic. Because of this its incredible level of coordination and communication with the twicedaily phone calls, all of them across the whole system we are able to balance resources for now and are not out of supplies. However we share the National Concern that something must be done to provide more ventilators and more pte. That has to start with manufacturing and delivery to places like us immediately. Bless you guys. Thank you. Doctor treacy good luck and godspeed in all that youre trying to accomplish for not just the nation but maybe the world. Thank you. 45 minutes before the closing bell rings and we do have just a tiny bit of green on the screen but lets look at the red for the moment. Disney has fallen to the bottom of the dow 30 down 8. 10. Thats a loss of 8. 5 . Covid19 coronavirus roller coaster rocking both the Magic Kingdom at its fiercest hero falls victim to the outbreak. Princess turned soldier favorite mulan and a marble spinoff just to the many films getting hurt at the box office. Up next, the Movie Theater tighten ceo of Amc Entertainment on the fight he is waging. Its a war to bring the box office back from the dead. Adam joins us in just a moment. From movies to markets, i am taking you to twitter to keep you informed on everything you need to know about the coronavirus as it pertains to your money and breaking headlines. At 6 00 p. M. Eastern ive been hopping onto twitter, follow me and ill answer your questions and bring you the latest headlines. The countdown is coming right back. The dow jones and industrial is losing right now. T. Rowe price invest with confidence. We find a way through it. Y, its about taking care of each other. Its the small parts that make a big difference. At chevy, we promise to do ours. Were offering chevy owners complimentary onstar crisis assist services and wifi data. If you need a new chevy, interestfree financing for 84 months with deferred payments for 120 days on many of our most popular models. You may even shop online and take delivery at home. Its just our way of doing our part. I need all the breaks, that i can get. At liberty butchumal cut. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Pay your dues. Work now, play later. Climb the ladder. All your life, youve been told, business first, fun later. But why not live your dream, now . The mercedesbenz spring event is here with four models starting under 37,000. You gotta ask yourself, why not now . Lease the gla 250 suv for just 299 a month with credit toward your first months payment at the mercedesbenz spring event. Call beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Just a moment ago markets hit session lows. The dow a minute or two ago was down 807 points. We are off that at the moment but still down about 769. Low for the s p is down 94. Not much higher than that horrible number there. So if you look we are 39 minutes before the close, the pandemic has forced one entire industry to turn out the lights. Multiplex to single standing theaters have all shuddered to stem the spread of the coronavirus. Even if they were able to stay open, movie studios from sony to disney to warner to universal have delayed the releases including a quiet place part two. Thats the sequel of the 2018 a quiet place. It was supposed to open in theaters today. The latest date were getting now is may 15. Thats the moving target and its friday. It was supposed to be the blockbuster Opening Weekend for disneys live action addition remake of mulan. New release date not announced. Movie ticket sales on wednesday for the entire country were up 300,000 down 97 . A record low for the industry. How long can Movie Theater chains and the hundred of 50000 americans they employ survive with soon to be zero revenue. Joining us now, Amc Entertainment ceo adam aaron. Adam, what is the latest number you can give us of people you have had to lay off. In the united states, 26000 people, and whats worse than that, literally 96 of our entire labor force. Whats worse than that, the vast majority of these people are low income workers in their first jobs, entrylevel jobs entering the workforce. These people live paycheck to paycheck. One of the reasons im here today is im fighting for these people. We want to make sure we have an industry for them to come back to and ours is an industry in real trouble. You got more than a thousand theaters globally. 11000 screens. How many of them are dark . All 1000 theaters in 15 countries are closed. When you said revenues were down 97 on wednesday, i was wondering where that 3 came from because all of our theaters shut on monday night late. 3 , maybe theres a little independence. Who knows. The National Association of theater owners, thats the trade group recommending. [inaudible] ice on recent filings you had come you can correct me, but 2,625,000,000 in cash on the books. How soon before that runs dry . Actually if you look back to the most recent public announcement which is december 31, amc a pretty Large Company where the largest exhibitor