Out of the bear market cage. Can it hold in the final hour . Companies right and left, though, are still scrambling for rescue money. You may not know the name, but if you have ever stayed in a hotel, you know the company that is there the second you turn on the Television Set from listings to express checkout and more. The ceo is hoping the government will send her rescue money soon. The ceo is here on the application experience and why she needs that Small Business loan now. The Computer Company first out of the gate to reopen production facilities in china is lenovo. The north american Vice President is here to reveal his secret of pulling off that success as millions of americans upgrade their pcs to work from home. Has this happened to you . During the coronavirus crisis, you are really hungry, locked down, you place that grub hub order online for your favorite philly cheesesteak or chicken parm only to find out way past the delivery time because you are looking at your watch, where is it, the restaurant has been closed for days. Grub hub ceo matt maloney is here. We will ask him about that and the someti the stimulus plan hes put together for small restaurants. A new etf named after dan ives. Whats so special about it . Dan ives is here with a brand new perspective on apple. Plus what does he think of teslas big news . Less than an hour to the closing bell, lets start the claman countdown. Liz all right, breaking news. Take a look at crude oil. It is surging right now, up 9 . Just a second ago it was up 7 . This on a report thats coming out of russia, just a day ahead of the major opec plus meeting, russia, according to tass news agency, thats in russia, has announced it is ready to cut its oil output by about 1. 6 Million Barrels per day. Just to put that in perspective, currently russias oil output stands at around 11. 29 Million Barrels per day but as you look at crude right now, this is a significant gain. I checked it this morning, glanced at it, it was up 3 . Now you see it is up 9 in the aftermarket session. If we can, we should flip it over to dow components exxonmobil and chevron, because looking at these companies, they are up, yeah, 4. 5 for exxonmobil, chevron up 5 . That is definitely adding some rocket fuel to the Dow Jones Industrials which is now at session highs, up 748 points. Lets talk about two of 2019s ipo allstars, levi strauss and pinterest, surging on positive earnings news. Levis topped earnings estimates for the First Quarter despite being negatively impacted by unrest in hong kong and of course the coronavirus situation, they are up 11 . Flip it over to pinterest, you can see thats up 10. 5 because they released preliminary First Quarter results. They expect revenue above current consensus estimates. Both did withdraw full year guidance, though, because its not really very transparent right now whats going to happen or when we get through this storm. The furloughs, speaking of storms, just keep coming for some companies. Adding to the list, Dicks Sporting Goods and pvh, the parent of Tommy Hilfiger and calvin klein. Then arconic which is one of those companies that makes Aluminum Steel in sheets. Well, all of these stocks are moving higher with arconic jumping 31 . Lets look at tesla. Tesla has this announcement. It will be furloughing hourly employees starting next monday. The company tried to hold on as long as it could but the electric vehicle giant will also cut pay for those who hold director and Vice President level roles. We do have the stock up about. 33 to 547. 37. Tesla of course had been a more than 700 a share stock. As the lockdowns continue and fewer and fewer people are on the road, geico which is under the Berkshire Hathaway umbrella is offering about 2. 5 billion worth of credits to its 19 million auto and motorcycle policy holders. On average, each auto policy holder will receive 150 while each motorcycle policy holder will receive 30. Berkshire hathaway up 3. 25 . That is not a typo. That stock is 285,580 per share. Novovax surging after announcing it has identified a covid19 vaccine candidate. Candidate, lets stress that. The Company Plans to begin phase one Clinical Trials in midmay which will include about 130 healthy volunteers. Thats good for a 15 gain. And pharma giant perigo on the rise after seeing a surge in demand for generic over the counter drugs which the company says will help push First Quarter revenue up 14 from a year ago. They make all kinds of things like generic aacetaminophen. They are up about 4 . To the hospitality industry. The shutdown of the economy has stunned the Hotel Business and everything related to it. Did you know 7 of 10 hotel rooms in the United States now stay empty. The lodging industry directly employs 2. 3 Million People in the u. S. But also by extension, supports more than eight million jobs. Thats 1 in 25 american jobs overall, accounts for 97 billion in wages and salary, and together, contributes nearly 660 billion to u. S. Gdp. By the way, it also includes about 33,000 Small Businesses and hotels. If you have ever stayed in a hotel room and turned on the tv there, you have encountered enseo, the Hospitality Technology company that offers everything from touchless and remote tech to controlling everything from the blinds to your room to your tv screen. Enseo applied through Jpmorgan Chase for a Paycheck Protection Program loan from the Small Business administration and is waiting on confirmation from Jpmorgan Chase that the money has been funded. Lets bring in vanessa ogle, the ceo of enseo. According to the sba, 90 billion in loans have been paid out to 340,000 businesses since friday. Are you one of them . Did you get the money you have applied for . We are still waiting to find out, liz. Liz okay. So you dont have it right now. Tell us about the experience you had applying at Jpmorgan Chase, how long you waited, just describe it all to us so we have a sense of what you have been through. Well, the first thing we had to do was find a bank who was willing to take our application which turned out to be much more difficult than i had anticipated. Jpmorgan chase stood up, we had a direct deposit account with them, so they allowed us to work with them even though they are not our primary bank. So they were fantastic to work with. They came together and as of this weekend we had updates every couple of hours and over the weekend, on sunday they opened the portal for us to be able to do our application with them online. So we submitted our online applications. They confirmed to us they had received our online application and that we were in line and now we are waiting for sba confirmation. Liz okay. How much money did you think is coming to you and what will you do with the money . So we applied like most people for the ppp program for two and a half times our payroll. So we took an average of our payroll in 2019 and took that times 2. 5 and that was the amount we applied for. That amount will be used to, we have a lot of employees that we had to put on furlough so we could survive through this crisis, so that will be used to bring those employees back from furlough and put them back to work. It will be used to pay our utility bills, literally to keep the lights on, to pay for internet ability to be able to be active and communicate with one another and to manage all of these hotel rooms we are managing remotely, and the Critical Infrastructure enseo does for these hotel rooms, the network and wifi to those hotel rooms, as much as being able to control lights and those kind of things. Liz thats part of as we look forward to the benefit of enseo, your company, because after this, people wont soon forget how nervewracking it is to touch everything. Im sitting here, ive got the Hand Sanitizer for the microphone and everything else. A lot of your technology is touchless, correct . So as you look beyond this crisis, tell me how you see the need for your company changing. Well, we do see the need changing. Critical infrastructure as far as driving wifi into hotel rooms, driving huge programming like this into hotel rooms, that will continue to be Critical Infrastructure. But we are looking to add other things into solution. For example, the ability to use your own phone as a Remote Control to control not only the television but your entire guest room so that you can maintain your own sanitizing things. Also, being able to look on the screen, on the television, and have a readout on the television of has my room been sanitized, when did that happen. The ability for the hotel to keep track of the things that are happening in the room but even as important as that, for the guests to know that this room is a safe room for them to reside in so we can build confidence and really accelerate people back traveling again. Liz okay. Vanessa, let us know when you get the money. We are very interested in following your story over at enseo. Thank you very much. Vanessa ogle, ceo of a Small Business you guys see but dont hear of, and you know how tough it is for the hotel industry. So as we continue, look at this rally. The closing bell is 49 minutes away. The dow is up 758 points at the moment. It is a big move for oil. Now up about nearly 9 . But there is still a dire prediction casting storm clouds over the mouse house at this hour. Raymond james forecasting it could now take up to two years for the magic to return to full capacity at the Magic Kingdom theme park. Although disneys shanghai outpost did partially reopen two of its hotel resort areas in early march, all theme parks remain shuttered globally due to the outbreak of the coronavirus. Disney stock right now is adding to a 30 loss year to date. Ticker symbol dis, a lot of you own this stock, is actually down about half a percent on a day where the dow is charging higher. At some see glim mers of hoe the covid curve is flattening, is now the right time to invest in nonessentials like nike over Grocery Stores or packaged food giants we have all been using . Our floor show traders are ready to tackle that, the breaking news on oil thats charging the market higher and more. Americas oldest lighthouse has weathered many storms. Seeing the break in the clouds before anyone else. Together, well weather this storm. To help you stay informed 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. The markets are feeding off headlines in this final hour of trade. Look at all the green on the screen. Dow jones industrials very close to session highs, up about 728 points. But it has definitely been an ugly year for major consumer sectors. We wanted to show you this. Theres a Consumer Discretionary sector, these are the items that Consumers Want to buy but theyre not exactly essential. Think luxury goods or impulse purchases. Thats down about 20 year to date. Now take a look at the move so far when you compare it to consumer staples. These are things that you actually need or have to buy. The, ishares s p Global Consumer staples are down but not as much as the Consumer Discretionary sector. It looks like people, when you look at the dow, nasdaq and s p, are feeling more confident in the midst of the pandemic, so is now the time to rebalance the portfolio . Lets bring in our traders. Scott bauer, what do you think . I picked those two Consumer Discretionary and then of course, the staples just to give people a sense of how everything has been pretty much hit, but there are winners out of the least worst, if you know what i mean. Is now the time . No doubt about it. Hope youre staying safe and healthy, liz. You look at it, there are so many monday morning quarterbacks out there, should have, would have, could have, 20 ago when some of these like you are talking about, nike and some of the other big retailers have rallied off of that bottom. Obviously in hindsight, you want to pick and choose a little bit, you know, 10 , 15 , 20 ago. I dont think this is the time to do that. Okay . The news thats coming out today, yesterday, fantastic news. The curve is flattening, people are feeling more confident and that is the best absolute news that we can get. However, however, we still have some very tough times ahead of us here. I do believe personally, im not trying to be a pessimist here, that there will be another down move, in some of those big Retail Stocks that we have seen massive rallies over the last week, and there would be my time. Listen, if i miss a rally from here up another 10 , im okay with that. But what i dont want to do is just get in here and then have that what i feel to be another selloff ahead of me. I would wait for the next leg down, then again, start piecemealing it back in. Liz scott, yesterday 2,000 people died in the United States due to the coronavirus. So the best possible news would be to see that go away and of course, the best possible news would to see confidence in the markets but the new york city death toll now exceeds that from 9 11 in 2001. I just think its important to stress that were not out of the woods just yet but that said, when you look at some of the names that have been hammered the most, you talked about nike and some of the other dont need to buy, just kind of want to buy stocks, capri holdings. Its one of these luxury conglomerates, used to be michael kors and has everything from jimmy choo in there to versace and michael kors. These are names that will come back. So do you start to rebalance just a bit in some of the worst hit names . Again, im still under the premise here that these are going to go down a little bit lower from the rally that we have seen. Maybe you start a little bit here, but i dont think like you said, we are out of the woods. What you just said, i have read all the headlines, but what you just said, that more people have died now in new york city than from 9 11, that literally sent chills through my body, as it does probably with many investors in the marketplace. I think people have to realize we are not out of the woods. We may be recovering which is the best thing. Were not out of the woods. I do think its a little bit too early to start rebalancing. Liz and we would be remiss if we did not bring up what is juicing the major indices right now, and that is crude oil. Russia is apparently ready to cut its oil output by 1. 6 Million Barrels per day. That is giving crude a real bump. Scott, great to see you. Please stay well. You are a good friend of the broadcast. I always appreciate you being here. Thank you. Closing bell ringing in 40 minutes and yes, we not only have a huge rally in the dow, but the s p and nasdaq and look at the russell, up 4. 75 . Nice move for the small and midcaps. Two of the biggest names in dining out gobbling up hopes for at least a return to normalcy. Darden restaurants on its way to its fourth consecutive session of gains. Its up 7. 5 after wedbush upgraded shares to outperform on its hefty 1 billion cash pile. 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