Minutes. Plus im going in depth on liberty and prosperity. As more americans wear face masks are we getting a faust sense of security . What about that malaria drug causing fights inside of the Coronavirus Tasks force . I will ask a doctor for his take on that. All that and so much more on making money. Charles stocks soaring as investors grasp at the, some early signs of hope in this battle with the coronavirus outbreak, encouraging words from President Trump that the crisis could be reaching some plateau of sorts coupled with encouraging signs across europe and in fact new york state which we know is the hardest hit in this country. I want to bring in capital wave strategist, shah gilani and ehren gibbs. I want to look at the data coming out of europe and south korea, china. Then in moved to italy, now of course spain. Every time i see positive signs ive also seen some correlation with the stock market, at least in futures trading but this is a big move today. No, definitely. I, it is certainly some positive. We really havent seen any sort of, you know, even the chance of a light at the end of the tunnel. I would just, even though we all want it so good and love for markets to rebound i would still caution investors that this is grasping at hope. As you said, i think once we realize just how long it is going to take us to get back to normal, so, for now were focusing on cases and deaths but having that really come down to the point that everybody can go back to work we can start recovering on this economy, i think that is what may shock investors about how long this recovery and quarantine process is going to take, just how hard it is going to hit our economy and some of our businesses. I think there is definitely potential of dispointment or sort of reality check on how long it is going to take us to recover. Im still not entirely sure that weve seen, you know, the last of the down days. That there still could be an inflection of fear once again in the market. Charles you know, shah, to that point, listen, everyone i think kind of understands this will be devastating to get back to where we were. Obviously it is a long and arduous journey but by the same token, these swings, we had some stocks on the screen a moment ago up 30 today, up 25 today. I was bailed out of uber i got into early. Made 23 . Got out today. So you know, as someone whose task is to help people make money in the stock market, you know, have you made adjustments to your approach to say okay, you know, we dont know when the bottom is, certainly this market is showing enough resolve we should participate to some degree . Were still mostly on of the sidelines, charles, first of all i want to hand it to you, you actually called this bottom two weeks ago. I agreed with you. I think it is a bit after soft bottom but you called it perfectly. The market right now is showing support. On friday with, we had another down day on friday, which is not expected going into the weekend. Investors dont want to hold stocks pending bad news. Ones again we saw the market selloff. It wasnt brutal. It was measured sell off, very controlled on very thin volume by the way. Were seeing more of that were seeing market go higher in steady fashion and seen riproaring fashion and seeing those on high volume days. This is a positive. Were in a bit of a trading range in the dow, the pivot point is 22,000 on the dow. We could go to 24,000. We could go back to 20,000. That is 9 swing either way. That is where were at. Im telling folks if you have core stocks you have to absolutely want to own you should start buying them now, take a 10 position if you dont think the market is going much lower make it a 20 position. If you think well go lower on the downside, add to it on the downside. Charles to that point, erin, a couple things, in last few weeks weve seen monday through thursday tremendous resome. The selloffs are coming on fridays. Two fridays it was 913 points. This past friday just 360 points. So two fridays in a roy, almost 1000 dow points. To shaws point, 360 points. Feels like something is going on here, whether you call it soft bottom, price discovery, whatever it is, how do you try to at least take advantage of it even though there is serious amount of risks to the downside . Yeah. For the vast majority of investors im not recommending that you try to do these weekly swings. Amount of volatility that were seeing, plus you would have to trade at such large scales and really perfectly time it after commissions and taxes to really make it worthwhile. Im looking at, lets say the next month where there is still a lot of uncertainty. Four areas have held up relatively well for the market. Theyre still down but doing better and they have in the past two weeks done better so health care, tech, staples and utilities. So it is a mixed bag of defenses and offenses. So for those four sectors. If youre really looking for beaten up stokes, think about what Companies Might rebound the fastest when the pentup demand comes back. So, like, stable, high Cash Companies like disney or some of the restaurants. You know i did see some about cruise lines. I think that is something we can hold off for quite a while. I think people might be hesitant to get on a ship, contained ship once again for quite a while. Charles listen, i agree, erin, although i thought it was interesting that the Saudi Wealth Fund took an 8 stake in Carnival Cruise line. Maybe they are playing a very long game. Erin, shah, always great to start the show with you and your experience. We believe in economist steve moore, who believes that the u. S. Could head into another Great Depression if the economy is not started by may amid the coronavirus outbreak. At tom point we have to worry about what were doing to our society, what economy well have when it is all over. Steve moore joins us now, President Trumps former Economic Advisor, currently with the heritage foundation, their chief economist. Steve, youre wading into dangerous territory, having an opinion on the economy while americans are dying has been, offered or created a lot of scorn amongst folks. Yeah, it has, my feeling is we need to do both. We have got to get away from this idea somehow it Public Health of the American People versus the economy. Charles, there is a smart way to get the economy reopened. You talked about this on your appearances on fox throughout the last couple of weeks, that you do it in a smart way but what im here to tell you, charles is, if we go through the month of may into june and god forbid into july without the American Economy reopened, this isnt just my opinion, charles, it is the opinion of many ceos that ive been talking to, many people on the front line of the economy, there isnt going to be much of an economy left to pick up to get going. Every day that we wait the relationship isnt linear, it is geometric. The damage gets more and more severe. We could, by the way this also just isnt me speaking. You have many distinguished Research Firms the Unemployment Rate could go up to 25, to even 30 . That sound like a Great Depression to me, charles. Charles yeah, it does. Not just economists and world leaders, bolsonaro in brazil seems intent on keeping his economy going. I was fascinated with a story out of austria, they have a gameplan for unlocking their economy. They will start with Small Businesses, shops of 400 square meters or less, do it yourself shops. That is april 14th. Then they go with larger shops. By may 1st, the date youre talking about they will open their malls back up. So some countries are saying we have got to live to live. Well, charles, i would say this, you have to be very strategic and smart about this. By the way President Trump has his whole presidency resting on getting this done correctly. You may start with areas like iowa and idaho and nebraska and alabama, other areas where you dont have a lot of cases of coronavirus, where might make sense to start allowing factories and so on to get reopened. New york city, probably has to be shut done for longer period of time. I was heartened by the news maybe they have reached a plateau, we dont know yet but we have, the other point i want to make, charles, we have many, many millions of businesses that are up and running today. We havent shut down the entire economy. Just 30, 40 of it. We know from those companies, some great companies, some of the big companies, fedex, theyre not seeing huge outbreaks of the virus because theyre taking all of the best measures to protect their workers. I go back to my first point. It is so important. This is not the economy versus Public Health. It is about doing both. The Economic Health of the country and Public Health of the country. We can do it. Charles i think it is an adult conversation and one we must have. We cannot avoid it. Steve, always appreciate your insight and wisdom. Thank you, buddy. Thanks, charles. Charles so over the weekend, folks, i was casually watching new jerseys Governor Phil Murphy gave his test briefing. I noticed the state flag and motto of new jersey is behind him, it is liberty and prosperity. I thought the state motto was for get about it. We hold these truths selfevident that owl men are created equal that are endowed the by their creator of the inalienable rights and thatting among these are life, liberty and the the pursuit of happines. During this crisis we have given up on jerseys model in order to defeat the coronavirus. We all greta, were into that, the americans wont relinquish liberty or prosperity for a long period of time. I must report on reports and comments that almost romanticize as the Great Depression not being so bad. You know the early years saw a spike in violence, suicides at alltime high, divorces. After a while the nation just sort of settled in for dread and accepted its fate. You know, by the mid 1930s model dell was use it up, wear it out, make it do or do without. Americans cannot afford to settle into permanent feeling of hopelessness. We certainly dont want to accept that kind of dread. Our individual pursuit of happiness is the key driver in this nations ultimate goal to be a more perfect union. A monster rally is not extending to oil. This as investors await the meeting between russia and saudi arabia. Can americans, can americas fracking miracle survive this route rout without a federal bailout . I will ask north dakota senator kevin cramer. Also are people using guidance of to wear a mask in public to create a false sense of security . Theres no place like home. Especially when xfinity has you covered with fast, reliable internet. With advanced security to help keep you secure online. And with the most tv shows, movies and streaming apps all in one place. With simple Digital Tools you can get the help you need or even trouble shoot your services on your own. Download the xfinity my account app or just say help into your xfinity voice remote. We are working to make things a little easier on everyone. Download the xfinity my account app today. Charles the Trump Administration looking to stockpile up to a billion barrels of oil. This with the unpredictability of the price war between russia and saudi arabia. Many think it will take a lot more than filling reserves to save the industry. On that i would like to bring in north dakota senator kevin cramer. Senator, thanks for joining the show. Thank you for the opportunity as always, charles. Charles we have marveled at our fracking miracle, the job that is it created, pushing down oil prices, making the American Economy hum and now were in a position where a lot of those companies are very precarious positions. They were already in a precarious position even before this crazy war between russia and saudi arabia. Give us an assessment where that industry is, particularly because your state has done so well because of this boom . There is no question, charles, you defined it perfectly and i would say if youre a multinational heavily vertically integrated all the way through the supply chain to the point of refining your own oil, youre probably in okay shape particularly if you have a lot of cash. For companies that do a lot of work in north dakota and other parts of our country, the independents in particular, theyre heavily leveraged. They probably need debt restructuring. We already had a major company, whiting oil declared bankruptcy here in north dakota last week. I would say precarious is exactly the right word and we need to find away for them to get from here to the other side. Meantime we have to do something about this price war that you referenced between saudi arabia and russia. I know that there is a emergency opec meeting on thursday. Lets hope that goes well and we can see some supply cuts. Charles now the narrative on that, so that price war was saudi arabia wanted russia to make some, to make some cuts. Putin and his oil minister were offended the way it was presented to them. They didnt respond so saudi arabia decided to open the spigots to force their hand but others believe both of these countries in a certain kind of way are both deliberately trying to hurt this american fracking miracle because it has done neither one of them good to see us become such a dominant producer. Well, no question about that. I dont believe either country has well intentions for the United States and for the fracking industry here. In fact i think theyre taking advantage of the covid19 pandemic crisis were all in, thinking they can break us. They may be able to but, we do have a few tools in our own tool chest, not the least o donald t, tariffs on their oil. We still are the biggest consumer of oil in the country even with our 12 to 13 Million Barrels a day of production, we still another 4 or 5 Million Barrels above that. So were still, were still a big operator. The other thing, charles, we have, we have 2500 troops and several Missile Defense battery ies in saudi arabia protecting their oil assets from iran. I dont know why we continue to do that. If it was up to me we would pull them out right now. Senator sullivan and i have a piece of legislation to do exactly that. Neil charles before i let you go, i used to live in north dakota at minot. Why not minot. I found folks in north dakota friend did iest i ever met. Were always friendly. Varying by the roots and oil and Gas Industries fit right in with our farmers and ranchers. They know how to supply a lot of stuff for a hungry world and growing economy. They will hang in there, theyre optimistic people, common sense people but we need really good paying jobs in this country. If this continues and say opec and russia breaks the United States, the next thing you will see is not 1 1 2 dollar gasoline, it will be five dollar gasoline when they get that monopoly back that they miss and probably long for. Charles absolutely. Senator cramer, thank you very much. Visit minot when it is all over and well show you around the bakken. Charles i cant wait to check it out. A lot has changed sin 1980. Coming up, folks, one former nfl star will share his challenging journey of getting face masks, and he has pa message to the fda, drop the ego so we can save american lives. Also President Trump expressing hope that there is a lot at the end of the tunnel as americans prepare for what is being described as our pearl harbor week. What you need to know for you and your loved ones to stay safe. Well be right back. You wouldnt accept an incomplete job from anyone else. So why accept it from your allergy pills . Flonase relieves your worst symptoms which most pills dont. Get allinone allergy relief for 24 hours, with flonase. In this world where people are staying at home, many of lifes moments whicare being put on hold. At carvana, we understand that for some getting a car just cant wait. Thats why the new way to buy and sell a car is also the safer way. At carvana, you can do it all 100 online from home with a touchless delivery and pickup process to keep you safe. And for even Greater Peace of mind, all carvana cars come with a 7day return policy. So if you need to keep moving, its our goal to keep you safe. Check out carvana, the safer way to buy a car. White house announcing new guidance for people in the United States suggesting they should wear facial coverings in public to slow the coronavirus. He is leading Mike Lindells pillow task force to have people get access to millions of face masks and other protective equipment. Joining me now, former nfl player jack brewer. Jack, thanks for joining me. You and i had a conversation that blew me away. I would love for you to share with the audience, some of the things you learned as you tried to secure facemasks. Man, charles, it has been a challenge. Ive been working hard at this for about 10 days now, just to help, help our country. We just got an outpouring. Mypillow changed 75 of our manufacturing to start making face masks in house, cotton face masks. With the demand we also helping people procure face masks that are urgently needed. Hangups from been just unbelievable. Tough give president to credit to President Trump. He stepped in allowed n95 masks. We couldnt get any masks in here to the country. They were being blocked by china. They were being blocked by the various regulations. As i mentioned to you before, a lot of times our ego gets into the way. You go into a store know. That is why the mypillow task force is calling on retailers here at home, we have to start putting masks on all of these cashiers and all these workers that are in our stores, actually skirting this right now. These are front line workers not just in the hospitals. So were really calling on the private sector, business owners, step up for employees making 10 and 12 an hour, man. Charles for all there is bureaucratic problem. The fda not wanting to