Meeting, many of us have been talking together but we cannot get done what needs to be done, only you and the administration can critically given attention of the saudis and flooding the markets adding insult to injury at a time when our economy is suffering anyway because of the coronavirus. So this meeting could not be more timely. I agree with whats being said about the importance of Affordable Energy to our standard of living and really we change the world as a result of the production of Domestic Energy here in improve the quality of life for a lot of people. Thank you very much. Youve done a great job. John, i agree, we were talking the other day that weve all done well and weve also kept energy very affordable, very, very affordable and a lot of it, we never had any problems, we will keep it that way. Do i see dan back there, i was lucky and i thought that look like dan. I want to thank you for convening this meeting. The Trump Administration working with the congress in the u. S. Has become the world energy superpower, it is unbelievable, these companies have done it, obviously its a very important issue in my state, the great state of alaska but these are great jobs as john cornyn just said, for all of her states were really important for the National Security of our country to and we have been, number of senators have been reaching out and having disgusted with the saudis saying if you are a longstanding ally of ours, right now you are hurting a lot of our citizens and a lot of people that we represent, you should not take this for granted. We have a great military that is protected saudi arabia for decades and senator cramer and i have legislation that could possibly change that if they dont start to cooperate. Again we appreciate your leadership with the crown prince, with the russians in calling this meeting. But this is a great sector of the u. S. Economy that once we get through this, we will, this pandemic, the sector will take off again in your administration has had a lot to do with the u. S. Energy sector and we need to keep a strong. Thank you very much. Kevin cramer, north dakota, people dont realize how big of a producer you are in north dakota. [laughter] mr. President the people around your table are part of the renaissance of oil and gas in this country. As you became president we went from the renaissance to security to independence to dominance. That dominant insecurity right now are in some danger. A quick example, north dakota says saudi arabia and russia announced a price work, we have had 6 billion of xuppercaseletter taken out of our state plan for this year. So that is significant and represents not just cap acts but lots of jobs, lots of people in the value chain and i will add one word to saudi arabia, by one report 2018 that we spent a minimum of 81 billion defending global oil supplies. We can use that money and natural defense and other hotspots in the world. If our friends are going to tweet us this way, we appreciate your outreach, we think were happily there with the success of your diplomacy. Thank you. It has gone up and we have to order we would lose a lot of jobs, a lot of job producers anywhere kevin. You have anything to say. Mr. President , mike sommers, president and ceo of American Petroleum institute. Looks around the table represent the energy revolution. We want to thank you for everything that you have done to support that revolution and we want to make sure that revolution continues after this pandemic crisis is solved. Thank you. [laughter] what are you doing there. [laughter] mr. President this is an important meeting and the time as you know, crisis all across the country, Public Health crisis and economic crisis. As you know and as you have heard from everyone around the table the Energy Sector has been a big part of the economic success that we have enjoyed over the last several years. In the combination of the economic Coronavirus Crisis combined with the saudis and russians waging economic warfa warfare, its been a perfect storm in the Energy Sector. I will tell you, theres a lot of jobs, millions of jobs in texas and across the country that represent men around this table and Energy Producers and there are small producers throughout texas and throughout the country who are on the verge of being driven out. So this meeting is important, i think everyone of the senators in this room has had multiple conversations with the saudis leading in your leadership and with the crown prince had a big impact getting them to stop flooding the market and taken advantage of the crisis and i would underscore one other issue with a number of the folks around this issue im very concerned about is ensuring that those in energy in this time of crisis have access to capital. There are jobs in the Energy Producers in this country that have made america the number one producer of oil and gas in the world cannot Access Capital to get out of the crisis, we will see bankruptcy at a level this country has not seen in decades. So this meeting with the continued leadership in your administration is hugely important. Thank you remote. When youre up, the concept versus oil reserves, storing oil, filling up the National Reserves as you know, getting a really great price. But these prices that kevin and i have been speaking about and john and i, these prices, you would think you would want every cabinet that we have in this country and in louisiana and other areas and can be filled up, they hold a lot of oil. But at these prices it would be good and keep everybody working. But you think you would want to fill up those areas, what do you think of that. I think thats exactly right, i think it makes sense in terms of easing the pressure that is that in these jobs. It also makes sense for the taxpayer. The Strategic Petroleum reserve is there intensive crisis and usually the way the federal government works, we buy when its expensive and we sell when its cheap. We actually have an opportunity to buy when it is cheap. I think it was inexcusable the democratic leadership in the house and senate brought that in the bill that we passed last week and i think Congress Needs to go back and address it. The speaker came in and thats the one thing that she held the below twentydollar. There are many demographics. I think they should go back, i think you should go back and see john, if you guys can go back in the bill and beyond that i think its 75 billion barrels right now. That is not that much. So its really pretty good shape. But we have other areas that are bigger frankly that we could fill up but at those prices we should be pumping it out. Maybe you guys can check in to see what you can do. I dont think anyone can reject it. Nobody can reject it. Ted can you work on that. Absolutely. Anybody else, david you guys okay . One thing, mr. President. The department they manage a large portion of land, one other case we have done over the last 15 days, to slow the spread, we have really had our specters out on the front line, we will make sure that its incurring and save in a responsible manner and think of her buddy for the cooperation. These jobs are so important to the American People and its important that we make sure hes the biggest landowner in the country. The meeting is called interior. Great job youre doing. Mr. President , thank you, thank you, sir. Im the secretary of energy, the announcement for 30 Million Barrels this week, now is standing they presume under pursue the alternative financing mechanism. I think you will. I was not worried about appearing. What are you paying per barrel. We could pay out. [laughter] were going to go negative. Like industries. Mr. President , i want to know, so the industry players can hear, were moving very aggressively and using every tool that we have at the u. S. Department of energy not only to provide immediate relief for this industry and the economy itself but to look at technology over time for the structure for the entire industry. Were moving as aggressively as we can, thank you for your leadership. Check out other areas where you can store oriole. There are some very good ones, bigger than what we have now and at these prices you should do it. Fill it up. Fill up the tank. You guys have been so great, this is not your meeting but bob has the best trade deals in the country and one of them loans on april 1 with china and i hope they are buying a lot. I hope. Im a question mr. President. He just wants to make deals that is all. And youve done a great job. Thank you very much. We will have a News Conference at about 5 00 oclock, 515 maybe and we will see you in a little while to answer questions. This is a great group of leaders and we have to make sure that we are preserved and make greater our Energy Industry and i want to thank all of the senators and congressmen and the boss here for being here and working so hard. I will tell you what, they are calling me constantly, they want your industry to be successful and they will make it that way per we will all make it that way. I will see you at 5 00 oclock, same place and we look forward to it. Thank you very much. [inaudible conversations] would anybody like to be tested. I would love to be tested i think we all would. I like it, lets test these guys, theres millions of jobs, they give us millions of jobs, if anybody wants to be tested we will test them. [inaudible conversations] [inaudible conversations] connell President Trump meeting with Energy Executives a short time ago, returning to coronavirus at the end, the most part the discussion over issues impacting the allimportant industry with officials from exxon mobil, chevron and other Companies Represented as well as members of congress. This all comes in what has been another busy day news wise in this country. We learned for example that more than 700,000 jobs were lost around the country in the month of march. We will talk about it all with the market down as we welcome you to the show a little bit later than usual. Its good to be with you on a friday. I am connell mcshane. Melissa i am melissa francis, this is after the bell, moments from now we are going to get reaction from eugene scully at the labor secretary on this months jobs report but we begin with fox Business Team coverage, blake burman with the latest from the president Lauren Simonetti is on markets and Edward Lawrence from washington, lets start with blake. Let me give you three headlines from President Trump in the cabinet room. I will start with where we ended off, there was a question about testing those in the vicinity of the president , the reason thats an issue because theres any policy at the white house that those income in close contact with the president will not need to be tested for the coronavirus. The way it had been or still is at the white house when you enter the gates they take your temperature whether youre a member of the media or white house staff as those now entering through the same building and entrance rather, but now the white house is stepping up those procedures as those who will come in the immediate vicinity of the president whether this staff, those a meeting, those who meet with the president et cetera will be tested for the coronavirus. We know last night the president said he took a test, most recent and it came out for the second time as well negative. That is the first headline, the second as it relates to oil, the president continued to talk up the idea of filling up the strategic for petroleum reserve, something the president talked about initially a few weeks ago. Something that republicans and those in the room can clearly as you heard want to do but it became a political issue in putting together the 2. 2 trillion dollars relief package, the president saying at one point that he wants a separate bill, standalone bill to come out of congress to address this because of how cheap oil prices are right now, the president saying check out other areas where you can store oil and at these prices, you should do it, fill up the tank. Third headline which i will leave you with, we heard the president talk about his desire for an infrastructure package, something is talked about throughout the week what would be a phase for 2 trilliondollar infrastructure package. Why that is so notable is while the president continues to talk up this idea and so does nancy pelosi and democrats the need for an infrastructure package, there are many republicans in washington who are a bit hesitant on the idea but also within the white house, everything i have been hearing over the last few days is right now, they are focused on implementing phase three and how massive it is, for example larry kudlow told stuart varney, operational execution, that is our number one job right now. He went on to say there is all kinds of proposals speaking of a phase four, i am not saying we are pursuing any right now, he also told us do, right now we need to execute the phase three. Why you hear the president talk about his desire for a phase four within the white house right now those on the ground working on implementing phase three say that is the biggest need at this moment. Back to you. Melissa thank you blake, no doubt it is very complicated to get all of those loans out to Small Business. Lets get to Edward Lawrence who has a breakdown of the job report. Reporter nobody expected the job report as bad as this one. All the estimates that i see did not come anywhere close to this, the academy in march losing 701,000 jobs, this only covered the first two weeks of march, not the second two weeks thats why folks mightve thought this number wouldve been better. If you look under the hood, job losses in the area that you thought there might be. Hospitality, leisure and hospitality lost 459,000 jobs, construction lost 29000 jobs, retail lost 46000 jobs, the under white house Economic Advisor larry kudlow did not sugarcoat it. Obviously this comes from the exponential spread of the virus and the containment and mitigation measures that are help team has put together which in effect has shut down the economy or shot in the economy. Reporter as you look at it, there were surprises when you look at the job number report, specifically in the healthcare industry, healthcare lost 42500 jobs in the hospital actually added 200 jobs. This report comes out in the first two weeks of march, i have to believe that the second two weeks of march where the real surge of patient came to the hospital and hospitals will probably add more jobs in the next jobs report, also good news, the average hourly wages rose 11 cents in march. That is 3. 1 increase over the past 12 months, thats a huge number, strong number showing how strong this economy was going into this coronavirus shock. We will have to see what happens on the other side. Back to you. Melissa thank you edward. Here is Eugene Scalia the secretary of labor. Thank you for joining us. First of all, how bad do you think this will get. Look, we have never seen numbers quite like the numbers yesterday where we had 6. 6 million unemployment claims filings from the week before and then we just heard 700,000 jobs lost in really the just the first part of last month, but then we never done anything before like redoing now with our economy, and so what is happening now is intended in a sense and its also been anticipated and i think there is some good news and the fact that its been anticipated that we have a really important legislation that the president signed last week to help pull us out of this, we are doing something weve never done before as a nation and unfortunately its taken a lot of people out of their jobs for a while. Melissa you say that it was anticipated but we heard from a lot of people who are trained to file their unappointed claims and having a lot of trouble doing it. We heard from a lot of people calling in and all they get is a busy signal, they cannot get through to anyone. They are really concerned as they try to replace their paycheck. What do you say to those people. What i say is that the president and congress didnt dissipate that americans would need significant relief from what we are asking them to do as a Public Health measure. As we know the legislation that the president signed last week includes important new Unemployment Insurance benefits that covers gig workers as well as others and payments to individual americans. But there is a great, great demanding more from place on the state, unappointed agencies right now, they will do their best to process the claims, the legislation the president signed two weeks ago including another billion dollars in funding to help support those states unappointed offices. So they can higher up and bring on people who have retired and the like and stuff up. It is a heavy demand and they will work to mediate. Melissa what do you think is going to happen over time in terms of companies furloughing their employees to polarity. I know some of us do not believe even though they said they will bring those workers back. You look at examples like i dont want to pick on anyone but when you look at macys or the Larger Department stores that were already struggling and thinking about the fact that they had too many locations, this hastens the transition away from some of these jobs that were getting ready to disappear, is there support out there in the long run as it seems like we have sped up this transition from a lot of retail and brickandmortar jobs that even if the employees are saying theyre going to come back its hard to believe that is true. What you guys when you do about that to help. I think the most important thing that we can do at this moment, i say this as much as anybody to the individual americans that are having a hard time right now, be very disciplined about the majors being advocated by the Public Authority so we can get out of this quickly. We came