We could slay the bear today as the dow is rallying for the Third Straight day despite a shocking, shocking record high weekly jobless claims number. Take a look at the markets right now. We just went above 1,000 a couple minutes ago. The dow is about 1,006 higher. The high was 1219 points for the dow. We are watching that number. S p is up 116. Nasdaq is up 296. A gain of 4 . Again, the dow and s p could notch three Straight Days of gains today. Weve got an hour to find out. So the dow is trying to break out of that hibernation. The number to watch, 1,109. 77. Write that down. If we can close above that, we will have rallied 20 from mondays low. That means we technically exit the bear market. Our floor show panel will give us more perspective on what that means to all of you. And as the u. S. Death toll from the coronavirus tops 1,000, one tech company is working to help john hopkins and astrazeneca to find a treatment or cure. Hes here in a fox business exclusive. We have been talking about it. Businesses are struggling with these shutdown orders across the nation and now theyve got a new issue. Rent is due next week. First of the month. Same for businesses as for you at home. The ceo of the Restaurant Group that owns fat burger and others is here to tell us how hes helping his franchisees. Weve got breaking news right now. Texas Governor Greg Abbott expected to hold a News Conference at any moment. He will talk about his states response to the deadly coronavirus pandemic. We are monitoring that News Conference out of texas. Remember, the president granted the Lone Star State a major disaster declaration, that was just yesterday. Lot of talk down south in texas, the great state, about whether or not they actually lock down communities or its a case by case basis. Of course, we will look for any headlines coming out of Texas Governor abbott. Also, there are reports right now that apple is considering a monthlong delay of its 5g iphone launch in september because of issues related to consumer demand. All of that due to the virus. Also Micron Technology shares are surging. Take a look at the stock. Up more than 4 . Bank of america double upgrade of the stock after its strong earnings report. We are starting to talk about earnings again. Signet jewelers is moving higher. They beat earnings estimates but they also announced temporary store closures in north america. Maybe not a surprise there. Look at the stock. Thats a gain of 30 , 2 and change. We are watching this one. Goldman sachs downgraded beyond meat to sell. This was interesting. They decided to cut the price target to 39 from 129. Thats a big hit to beyond meat. They are saying food Service Traffic has dropped due to the coronavirus and we know that. The stock, though, is down a little more than 4. 25 . We are watching beyond meat. We are also looking at groupon. The ceo and c. O. O. Have left their positions at the daily deals provider. No reason given for why they are leaving. The changes, pretty interesting if you are an investor in the stock. Perhaps the stock tells the story. Look at that oneyear chart. Excuse me, threeyear chart of groupon. Ceos are based on performance and stock performance. You know that. While the dow may be on the verge of coming out of bear market territory, there are now whis tpers of are we in a recession. We heard from fed chairman Jerome Powell this morning, this as 3. 28 americans applied for unemployment benefits. More and more lockdowns are causing more and more businesses to shutter and there are more layoffs. During this interview this morning, fed chair Jerome Powell did say while we may be in a recession now, theres nothing wrong with our economy. Take a listen. Theres nothing fundamentally wrong with our economy. Quite the contrary. This is a situation where people are being asked to step back from Economic Activity, close their businesses, stay home from work, so in principle, if we get the virus spread under control fairly quickly, then Economic Activity can resume. Cheryl thats a question for all of us, are we in a recession now. With three days of gains for the market, is the worst behind us . Tough question. Lets bring in mark hamrick and former ubs america chairman and ceo, robert wolf. Good to see you guys. Good to see you. Hey, cheryl. Cheryl robert, i want to start with you. Interesting to see jay powell talking to america this morning and talking about the state of the economy. What did you make of his comments . I thought his comments were spoton. Its a technical recession. We are absolutely in one. We will have one in the First Quarter and second quarter. Our hope is that its not an l but we get a u or v shape. I think the amount of easing and liquidity hes providing into the system dwarfs what we went through in 09 when i was running ubs and part of their recovery advisory group. Its just if you look at the stimulus package out of the senate, which i call more of an aid package, not stimulus, and you look at what the feds doing, were in i would say the beginning phase of what we need to do. We have a lot more to do to get our recovery back. Cheryl i want to pick up on the ubs comments you just made but i want to get mark in real quick and ask you about the initial jobless claims today. The estimates are all over the place. We could have seen one million or four million. 3. 28, a shocking number. The concern, though, is that next thursday, a lot of folks that are just getting laid off, they didnt get to the office or didnt get on the computer to file a claim, what does it say to you about next week for jobless claims . Good question. I think we were gritting our teeth coming into this number. Lets admit that given the unprecedented nature of this episode we are experiencing right now, we dont have a lot of models upon which, not a lot of templates upon which to base our expectations. But i do think we have to be observant about the world around us. It has seen an unprecedented stoppage of Economic Activity broadly. So we should expect these numbers to look as bad as they are, and possibly worse. I absolutely associate myself with the earlier panelists comments that we have good reason to believe well have [ inaudible ] but we are still in the early innings of the lockdown, too. Cheryl we are, we are. Robert, before i let you go, i have to cut it short, let me ask you this about. You ran ubs during the financial crisis. You were at the table. If you were running a major bank today, how would you be feeling . I think the banks actually are in good position. This is nothing like 2008 and 09 where the leverage in the system was north of 30, 40 times. This is much different. The leverage in the system is actually below 15 times and at the household and the consumer, its also lower. So that was a time where we were concerned with financials, housing and the auto market. This is much more broad, much more impactful and that was a true global recession. This is i think, to Jerome Powells point, this is a technical recession. The pandemic brought this upon us. Therefore, we have a faster way to get out of it. Im just hopeful that we continue with the stimulus because like i said, this is more like stabilization, what they did today. The one thing i would comment, i know we are in a rush here, i think the next phase has to get the consumer side going. We actually need to think about ridding sales tax and lowering the payroll tax so the consumer can actually get back to doing what they do which is feeling confident about the system. Cheryl thats a really good idea. Im glad you said that. Robert wolf, mark hamrick, guys, thank you very much. Great to have you on. Thank you for having me. Thank you. Cheryl well, new York Governor Andrew Cuomo broke the bad news a few hours ago. The number of coronavirus cases now stands at 37,200, up 6500 since last night. Desperate and exhausted doctors and nurses at new york City Hospitals are treating the sick in makeshift tents. The story thats gone viral is something liz claman is on right now. Lets bring in liz, quarantined at home. Liz, looking beautiful as always. What did you make of this . This story is crazy. Liz desperate is absolutely the right word. This is the picture they say paints a thousand words. This is the shot, camera shot, heard round the world. These are new york city nurses who have outfitted themselves in a very brave and certainly ingenius way of trying to at least protect themselves as best as they possibly can, wearing hefty trash bags and the headline in the New York Post is treated like trash because they are desperate to get this equipment, nurses, orderlies, doctors, they are all resorting to macguyvering. They are trying to cobble together ppes, personal protective equipment, using one mask and then washing it with purell so they can reuse it later. Thats really not supposed to be done, but theyve got to get out there on the front lines and save lives. The photo of the new york nurses wearing these hefty trash bags really crystallizes the desperation that many in the hospital industry and Health Care Industry are dealing with right now. Rj reynolds, the company that makes these hefty trash bags, that they were wearing, they were actually wearing the big large black hefty trash bags, they are publicly traded company, 5. 5 billion market cap, and they are kind of saving the day. They make all kinds of things. Everything from aluminum pans that are disposable, plastic bags, all kinds of wraps, and everything here, even the oven cups they are baking cups they make are being used by hospitals as sort of stopgap measures. In the end, we do have the irony here that rj reynolds products had recently been under question and a lot of people on wall street said that rj reynolds, well, reynolds Consumer Company had fallen out of favor because they are looking ahead to a world where we certainly at least were aiming to be plasticfree. Well, now its plastic that is sort of saving the day. That is a very important point to make. In just a few minutes, i am putting together the most extraordinary story of the entire 3d global community, 3d printing community. They just had a webinar called the leadership forum, bold action in uncertain times, and they are triageing everybody, even competitors, are cobbling together to come up with solutions for 3d printing ventilator pieces and face masks. The founder of 3d systems, i have been speaking to him on the phone, ive got his story coming up. Stay tuned. Its a fascinating one and it really makes you feel good about how americans and people all around the world are turning what were 3d printed scuba masks into face masks and ventilator parts. Its unbelievable. We will be back in a bit with that. Cheryl see you soon. Obviously a huge shoutout to the nurses and doctors on the front lines. That was a heartbreaking picture. I saw that this morning. See you in a little bit. The dow is if rally mode. We have kind of come back a little bit. Like i said, a lot happens in the last hour of trading, as liz always says. This is like the craziest hour of the day. Well, boeing is leading the charge right now, as you can see. Boeing is up more than 12 . The jet maker looking at a potential 17 billion in government loans. Selfswabbing for patients in an effort to protect medical workers. Up next, we talk to the company thats helping to power two of the biggest names find a cure for the deadly coronavirus pathogen. Well be right back. The American Red Cross urgently needs blood and platelet donations and asks healthy donors to schedule an appointment to give. During this corona virus outbreak, patients are counting on lifesaving transfusions. Visit redcrossblood. Org patients are counting on lifesaving transfusions. We find a way to get through it. Is faced with adversity, its not about taking care of ourselves, but taking care of each other. Checking on our neighbors. Lending a hand where we can. And just being there. Its the sum of the small parts that make a big difference. To help you get through this, we promise to do ours. Were offering chevy owners complimentary onstar crisis assist services and wifi data to help keep you connected to the things that matter most. And, if you need help with your current vehicle account, were here. For those who need a new chevy, interestfree financing for an unprecedented 84 months, with deferred Monthly Payments for 120 days on many of our most popular models. You may even have the option to shop online from your local dealer. And take delivery at home. Its just our way of doing our part. Shouldnt you pay less when now you can. Data . Because Xfinity Mobile gives you more flexible data. You can choose to share data between lines, mix with unlimited, or switch it up at any time. All on the most reliable wireless network. Which means you can save money without compromising on coverage. Get more flexible data, the most reliable network, and more savings. Plus, get 300 off when you buy a new Samsung Galaxy s20 ultra. Thats simple. Easy. Awesome. Call, click or visit a store today. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Cheryl drug maker gilead status asked the government to revoke its rare drug status, caving in to criticism the virus is a Global Pandemic as drug makers race to find a cure. There is a company thats working with them. Talon is a global cloud Data Integration company. They are helping researchers and drug makers sift through the vast amounts of data thats being collected around the world on the virus. Joining us to discuss this, talon ceo crystal biemont. Thank you for being here. Thank you for having me. Cheryl how did this kind of come to pass . How are you working with Drug Companies in particular to go through all the things that are being collected, the information about the virus . Well, when you think about the problems that exist quite frankly, i think liz said it well, theres a number of areas of uncertainty and unpredictability and when you think about how we are going to find vaccinations and how we are going to be able to help more predictability with location and future cases and so forth, really, this is about having data that is a complete set of data, that is quality data that you can make sure is something that you can trust and that it is timely because right now, time is of the essence in terms of helping researchers and drug makers and so forth, so really, its not just about having a data set but its about having really trusted and clean data sets and thats what we do and what we have done for many years. So its about putting in the hands of the right people all of that type of data that quite frankly is going to be important for us to help solve this. Cheryl im assuming condensing it is almost like taking a novel and making cliff notes out of it at the end of the day, right . Okay. That would make sense. Talk about Johns Hopkins. I think Johns Hopkins has become our bible. How are you working with them . Because they are really the ones giving us the true information about the cases and where and how fast. Yeah. Well, really, what you are seeing is everyone just trying to come together and this is, you know, something that Johns Hopkins, for example, is making Data Available to the public and they are making it available in a way thats full sets of data that right now are very unstructured, meaning that in order to pick it up and do something with the data and have researchers really use it in a way thats going to ultimately tell a story and predict outcomes, that data has to be pulled together in a way that can be used successfully. So this is really the difference between being able to get to good outcomes, thats really important, very quickly, and this is where the ability to cleanse that data, structure it and have it available very timely. Its a perfect example of actually one of our employees which i think is really important here, all of our employees have been able to have a role in how they can help solve for some of this and be very purposedriven and one of our employees identified it and said we can help. This is the core mission of talend to help make sure when you are trying to solve for outcomes, we help make sure its the right outcomes because its the right data that goes in. Cheryl we are following patients, its a crisis and certainly, its all hands on deck. Crystal, thank you very much. Thank you very much for being here. Thank you for having me. Cheryl we are watching the big board right now. We will see, weve got 40 minutes to go. We will see how we close out. We are up 920 right now on the dow. Could this be three days in a row for the dow and s p . At this point we are higher, we are tracking it for you. There are your markets. 22,116. Also, the Movie Theater giant Amc Entertainment in line for access to emergency funds within that 2 trillion relief package that the Senate Passed this morning, last night, but those funds are too little, too late for 600amc corporate workers. They had to be furloughed. Screens remain dark across the country. No one is going to theaters. The ceo telling liz last week he hopes to keep workers on the payroll as long as possible. From the box office to Fantasy Sports worst nightmare. Coming up next, jeff flock with a front row seat to the grudge match in the Sports Betting in