116. Now the nasdaq is down 335. Another part of the problem is that its the first of the month. The rent is due for shuttered businesses both big and small across the nation. The ceo of the International Council of Shopping Centers, the landlords, is here in a fox business exclusive. We will ask are the checks coming in and if not, whats the plan . Evictions, waivers . We will find out. Plus, the unintended consequences of working and learning at home. Zoom bombing, have you heard about this . Its like a photo bomb on Video Conferences from complete strangers who are hacking and weaseling their way in. Some are funny, some are downright criminal. Coming up, the company that allows everyone to sign checks and documents remotely has all employees working at home. The ceo of docusign on balancing that challenge with its skyrocketing business and stock price, up 70 year over year. Remember last week countdown was the first to tell you how 3d systems was converting its 3d printed scuba masks to ventilator face masks . Well, now the 3d community in just days has begun making the first 3d knitted reusable washable n95 masks. The ones that Everybody Needs in hospitals. 3d printing pioneer, former ceo of 3d systems and he is about to unveil the very first one of these here in a fox business exclusive. Youve got to see it. We have a lot of questions about it. I know you do, too. Airbnb is ready for prime time and is anyone really obsessing over getting a 5g phone . With less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. The worldwide death toll from the coronavirus, this is worldwide, has now crossed 43,000. Thats according to reuters. Reuters is tallying this up. Again, 43,412 dead with more than 878,000 infected. Here in the u. S. , the total deaths have now hit 3,889. Meanwhile, twitter says it is patrolling its social media site for potentially misleading and harmful content about the coronavirus. Get this. Twitter is now saying it has removed more than 1100 tweets containing content that violates its policy because its putting out misinformation, fake cures. Twitter stock down about 5 right now. As Coronavirus Forces consumers to change ingrained behavior, apple supplier foxcon is assuring investors and iphone users they will still be able to do what they do every fall, upgrade their phone model. They are now promising the 5g iphone rollout this fall is still on track. But if the shares of apple are any indication, the apple faithful are not obsessing over getting their hands on a 5g phone. That could change by fall but shares are down 5. 25 to 240. 85. What about this. Quarantine and social distancing can be lonely. Some of you are feeling that right now. Capitalism to the rescue. Match group is looking to quickly add video chatting capabilities to more of its subservices. So far, match has plenty of fish and those are two of his subsidiaries, match. Com expected to have the service sometime in the next couple of weeks. Let me get to this airbnb story. The home rental giant is committing 250 million to hosts who have been hit by coronavirus cancellations. The company also says it has successfully lobbied congress to get their hosts to qualify for federal aid to Small Businesses. Charles has just been talking about the big moment when Small Businesses are allowed to apply. Airbnb hosts apparently do qualify. Its been a dismal day for auto makers. Auto sales crumbling during the First Quarter and of course, during the month of march. Two of the worst hit names last month, hyundai and mitsubishi. Hyundai sales plummeting 43 although the stock is up just under 1 . And mitsubishi sales dropping 52 in north america. Mitsubishi stock down 3 . Lets flip it over to u. S. Auto makers. They did not escape the scourge, either. Gm reporting a 7. 1 sales decline during the First Quarter. That stock down 7. 6 , now below 20 a share. Fiat chrysler slid 10. 4 for sales during that same amount of time, those shares down 5 . Fiat chrysler now a 6. 82 per share stock. As the number of virus cases here in the u. S. , talking cases now, hit 200,000, doubling in just five days here in the u. S. , we have team fox business coverage standing by. Weve got trader Teddy Weisberg to break down this market selloff and explain what we are now calling rosecolored data. Blake burman on the possibility of a 2 trillion infrastructure plan. And former ubs america chairman robert wolf, who has testified before congress in the past on infrastructure plans, now says right now, put that on the back burner. Let me start with teddy. We got two major pieces of Economic Data that did not look as horrible as expected. The adp private sector march jobs report showed a loss of about 27,000 jobs, but the estimate was for a loss of 150,000. Even adp says the march National Employment report does not accurately or fully reflect the most recent impact of covid19 on the overall labor situation, including unemployment claims reported on march 26th of 2020. Let me give you this. The ism manufacturing number also oddly beat estimates, coming in at 49. 1 versus the expected 45. But teddy, investors are not buying it. Look at the dow, down nearly 1,000 points right now. What is going through their minds . They are just not looking at this through rosecolored glasses . I think that everybody is looking at these numbers, you know, on the surface they look pretty good but the reality is that we all know that behind the curtain, the numbers are probably much worse. Its just not enough time for these numbers to actually reflect what the actual ism is and perhaps the unemployment numbers. We will know more on friday. But clearly, it takes time for this to work through the system and we also know that with the benefit of 20 20 hindsight, certainly when it comes to the unemployment numbers or the employment numbers, they always tend to be revised a month or two later. I suspect investors probably have this one right. Liz yeah. You know what, we are at 20,956 for the Dow Jones Industrials. The picture looks really bad for technology. You can look at the nasdaq as well. This is the intraday picture. So much red on the screen. Would you recommend that on these days, people are even thinking along these lines that you want to buy on down days but hold off on the days where we are seeing furious rallies to the upside . Well, certainly you dont want to buy on the rally days. I think any rally in what clearly has been a bear market are just relief rallies, just the opposite of the selloff you get when we have the bull market. I think any rally until proven otherwise is a better selling opportunity than a buying opportunity. On the other hand, for those folks that have longterm horizons, six months, a year, two years down the road, the computers are completely agnostic when it comes to selling. They sell the good ones along with the bad ones. A lot of stocks tend to get mispriced, even dramatically mispriced. So i think there are opportunities here, theres always opportunities. Perhaps not for jumping in with both feet but certainly to put a little toe in the water and you leg into these selloffs and listen, we dont know where the bottoms are. Trying to catch a falling knife can be very painful and very expensive. But the fact is you cant pick bottoms. Picking bottoms is like buying lottery tickets. Chances of winning and finding those bottoms are far and few between. I think the only choice you have, if you have cash on the sidelines, that you look at some opportunities, you keep a Shopping List and you put a little toe in the water. Not two toes, not a foot. Just a little toe. You kind of nibble around the edges of some of these values that are being created. Clearly there are values being created. Unfortunately, we just dont know when it will end. Liz yeah. Nibbling and toes. Right now, florida, we want to let our viewers know florida has a shelter in place order now and it just continues to see bad headlines. Thats why we are very close to session lows. Teddy, thank you. Now lets get to blake burman. Blake has been looking at the sudden push in washington, d. C. For a 2 trillion infrastructure plan because the president had tweeted it but whats the reality once you dip below the surface here . Reporter hes tweeted a couple different things. We saw him again today push for this idea of deductibility of meals and entertainment so it would be a boost to the restaurant industry. That hasnt been in play for more than two decades. Yesterday he tweeted the idea of a 2 trillion infrastructure package which he says would be phase four, something nancy pelosi has been pushing for as well. However, heres what i can tell you in speaking with Senior Administration officials earlier this morning. Right now, the white house and those within the white house are not worried or at least working on phase four. What they are worried and working on right now is implementing phase three. As one Senior Administration official put it to me earlier today, they are focusing on the now things now and will worry about the next things next. Elsewhere today, the Vice President mike pence, he visited a Walmart Distribution Center in virginia, staying at home of course for so many means the need to stock up on necessary food and supplies. Speaking to Charles Payne earlier today, the Vice President tried to reassure that the Food Supply Chain remains intact. These are the folks that are keeping food on the table. From the farmers working in the field to a Distribution Center here, over 1,000 strong, people are coming to work every day, they are loading those 18wheelers. The food supply in america is strong. Reporter back to this idea about a phase four relief measure, stimulus package, whatever you might want to call it as it relates to 2 trillion and infrastructure. Im told that within the administration, there are some staff level people who are working on what a buildout might look like but this is staff level, very small at this point, very early in the process. The reality is 2. 2 trillion on phase three and implementing that is what they are working on right now. Liz . Liz blake, that dovetails perfectly with robert wolf. Lets bring him in, the former ubs america chairman and ceo who during the financial crisis testified before congress on passing an infrastructure bill, but now, robert, you say put the shovels on the back burner. Why . For a few different reasons. One, i totally agree we need something now. We do need phase four. Its just not an infrastructure bill. What we need is a bill that i would call a continuity bill. Making sure that Small Businesses are meeting their payrolls so we can keep businesses open when we are ready. I think we need to have continuity on wages and we need to have continuity on small business. Otherwise, when we see this downturn that we have been speaking about, unemployment and gdp in the Second Quarter, the question is how do we move from an lshaped recovery to a ushaped. The key is making sure those businesses get ready to go. Theyre not going to be ready to go on this prior 2 trillion package. That was not even really much relief. That was like a bandaid. We actually need to make sure these Small Businesses are ready. You were talking earlier, we have over a million retail stores. We have over a billion restaurants in this country. We are talking about how do we actually go back to some sort of normalcy in six months so the recovery comes. I love infrastructure. I testified. But were not going back to the president s infrastructure week he spoke about three years ago. Liz yeah. You know, i think that its something both sides of the aisle under decent circumstances would get on board with, but the pork issue, when you say infrastructure, what happens . Immediately states are piling in saying we need the bridge to nowhere, we need this, we need that. I get it but it would start a huge fight and people would have to bring out finetoothed combs to sift through all the junk in there. Lets be clear. Every committee in the senate touches infrastructure from literally next generation gps at airports to rails and highways and electricity in the National Grid to literally wifi, renewable energy. Everything is infrastructure which is why over a decade ago, i said this country needed a National Infrastructure bank for Water Treatment centers and for National Electric grid. We have to go back to that. But right now, what we need now is a phase four. The idea that congress is out for the month of april is actually unbelievable to me. We should be back working to make sure we can figure out how to copy thekeep these Payrolls Direct payments going. Yes, we need to implement phase three but we can walk and chew gum at the same time. Thats what Congress Needs to do. Liz oh, yeah, bring on the wrigleys gum. Lets see that happen. No problem. But im not sure they can. Robert, good to see you. Thank you very much. Robert wolf. All right. We do have about 45 minutes before the closing bell rings. While we were talking, the dow hit a new session low, down nearly 990 points. We are off that right now but still lower by 978. We are below 21,000 now. Its a loss of 4. 5 . The s p has turned its back on one of the most iconic names in retail. Macys getting the boot from s p after falling more than 73 since just january 1st. Macys Credit Rating downgraded to junk status. The retail licking these latest wounds, down 8 . Macys is now a 4. 52 stock. Think about it. Macys is one of the most wellknown anchor stores at malls across the u. S. But with april 1st upon us right now, will the famed retailer and your other favorite mall stops be able to sign, seal and deliver the rent checks . As Stores Remain shuttered and foot traffic goes down to zero, is eviction around the corner . The International Council of Shopping Centers, the landlords, if you will, the ceo of that group, tom mcgee, he represents the landlords, we will ask him next. To help you stay informed of the latest news just say coronavirus into your xfinity voice remote to access Important Information and special reports from around the world. And to keep your kids learning at home, say education to discover learning collections for all ages from our partners at common sense media, curiosity stream, history vault, reading corner and many others. For more information on how you can stay connected, visit xfinity. Com prepare. Liz all right. New low for the dow, just so that you mark it, is a loss of 980 points and right now, we are off that, down 921. But again, weve got 40 minutes, exactly 40 minutes left before the closing bell rings. Were watching it all for you. We know you know this, it is the first day of the month and the rent is due, but in the midst of a Global Pandemic and a market catastrophe, what will happen to businesses who dont have the money, cant make the rent deadline . One of the nations largest mall owners, taubman centers, has instructed its tenants to make their rent payments even though their malls are closed. So will they or any of the other big shopping malls really kick out the tenants who dont make rent during a national crisis, or should they instead be allowing stores to pay rent once they reopen . With us now, tom mcgee, the president and ceo of the International Council of Shopping Centers, which is the Global Trade Association of the Shopping Center and Retail Real Estate industry. Tom, dont sugarcoat it. What are you hearing about whether checks are coming in and what are mall operators doing . Well, first of all, thanks for having me on. We are, youre right, in the middle of a national crisis, because of appropriate health and safety actions taken, stores are closed cross the country, restaurants are closed across the country and frankly, Shopping Centers across the country. Today, as well as yesterday, and im sure as well as tomorrow into the future, landlords and Property Owners and tenants are having a conversation on how to appropriately deal with rent payments. I quite frankly am more concerned not just about how these individual conversations happen for the month of april, but really about the longterm threat to the industry as a whole. Theres a trillion dollars of debt that underlies the Shopping Center industry. Without a continuity of payment, that repayment of that debt is clearly a threat. That would cause rampant issues in the market, obviously rampant unemployment. So im concerned about the viability of the industry going forward. Thats why we have called for government to provide temporary forbearance on unsecured and secured debt underlying the industry. That would allow time to have those kind of productive conversations. I also, your previous guest raised an important point as well around business continuity. Who while we think forbearance around mortgage obligations is important, we are part of a coalition that is calling for the establishment of a Recovery Fund as part of the next relief act. We fundamentally believe customers, clearly the cares act was an appropriate first step but it was just a first step. Theres a lot of hard work that needs to be done. We have fundamentally shut down the u. S. Economy and the