Weve gone from 18,000 on the dow to well above 24,000. Look at this. The dow is going to be up over 700 points this morning, firmly above 24,000. Thats a gain of over 3 . Weve got a 2. 5 gain on the s p and the nasdaq, 1. 7 . Now, that is a friday morning rally. Boeing sure helps. It is reopening plane production at a plant in Washington State. There are major gains all across the board, especially for big tech. We will have details on that in just a moment. But look at this. The price of oil, sinking. We were all the way down to 18 a barrel at one stage this morning and right now, we are back to 17. 77. Just as plans are being made to help the flat on its back energy industry. Gas prices, look at this, down again. 1. 82 is your nationwide average and its still coming down in wisconsin. Can you believe an average price in that state of 1. 25. I will say it again. 1. 25 in wisconsin. All right. Can you believe this. Speaker pelosi says no to more help for Small Business. The money has run out and she wont get more. If theres any more money to go around, the speaker wants it first to go to state and local governments. Now, shes delivered 25 interviews in the last three weeks, some of which came from her luxury kitchen, where she displayed a stockpile of expensive ice cream for james corbin. You will see that but first, heres the president. Based on the latest data, our team of experts now agrees that we can begin the next front in our war which we are calling opening up america again and thats what were doing. Were opening up our country and we have to do that. America wants to be open and americans want to be open to preserve the health of our citizens, we must also preserve the health and functioning of our economy. Stuart its a threestage plan and here it is, without going into detail, heres how it looks. Phase one, social distancing still in effect. Schools closed. Vulnerable and Immunocompromised People shelter in place. Nursing home visits still banned. Move on to phase two. Schools, bars, restaurants, open up with diminished occupancy, nonessential travel can resume and working from home still encouraged. Then theres phase three, almost back to normal. Nursing home visits are allowed. That is phase three. Not detailed but thats the broad outline. After seeing that, look at futures. We are on the upside. I keep saying this. 3 up for the dow industrials. Come in, marc tepper. This rally to me is all about these reopening the economy moves. What say you . Yeah, so from my perspective, this is really best Case Scenario as far as im concerned because there was absolutely no way we were going to reopen 100 on may 1st so rolling out this reopening plan in phases was the best option. Just the fact that we actually now have a plan, that improves confidence for the Small Business owners, for individuals, and when you think about it, we really got to the depths of this crisis off of fear so its confidence, hope, positivity, thats all the stuff thats really starting to dig us out of this hole and reopening safely, thats really the key. Small Business Owners are slowly but surely starting to get back some of their swagger. The ppp program was a big part of that. We obviously need more money there. Reopening the economy is the other part. If we dont reopen safely and the virus flares back up, Business Owners might be permanently damaged. They can weather the storm once. They have been shut down, they are going to reopen, but if they shut down again, they might no longer be willing to take the risk that drives our economy so we have to be safe about it. Now, im on the front lines here, im talking to Business Owners every single day, im a member of entrepreneurs organization, theres 14,000 members across the globe doing 5 million of annual revenues, and a month ago, these Business Owners were all doom and gloom. But there has been a noticeable tone shift over the course of the last several weeks and suddenly im talking with all these Business Owners about opportunities, not about laying people off, not about how they are going to make their bills, but what opportunities exist for them to thrive coming out the other side of this. Thats good. Stuart youre right. Theres a change in the conversation. Change in the tone of the conversation. Hold on for a second. I want to go to ashley. Now, we are talking about opening up the economy but thats not what new york citys mayor is talking about, is it . Ashley no. Bill deblasio not quite as optimistic at getting back to socalled normal in new york city. He says in an interview with bill hemmer on fox news, opening too early would be a big mistake. Take a listen. I want School Opening in september as normal. I want everything up and running. I dont want a false start. But the light at the end of the tunnel is later on in the summer, as we go into the fall, we can get it right. But a lot of discipline in july, august are the months where we have to get begin to get back to normal. Ashley there you have it. If you heard that, the mayor of new york saying it wont be until late july or august at the earliest before the city gets back to normal. We are talking well into the summer. Stuart i dont see that, ashley. In all honesty, i dont see that. This is new york city, closely packed, people in small apartments largely, and what have you got some summ . Summer. You want to go to the park, you want to go to the beach. I think the mayor will have a very hard time instilling that kind of discipline. You agree with that . Ashley absolutely agree. Thats not going to fly. People are already frustrated just wanting to get back out there, get back to normal. Late july, august, forget it. Thats not going to happen. Stuart okay. Thats one development, back to work, how and when we do it. The other big story this morning clearly is helping the market, promising news from Gilead Sciences. Lauren, give me that story. Lauren remdesivir, thats a drug we have been talking about for quite some time, very promising news from a Clinical Trial on it. The stock is up about 9 . University of chicago tested 125 patients, 113 of them severely ill. Two died. The rest were discharged. Average time, six days. Thats a game changer. That means if you give this drug to severely ill patients early, they recover and if you are given the drug early and are recovering fast, you are stopping the spread of the coronavirus. However, its too early to bank on this Going Forward, its just promising right now. They have thousands of other patients being tested in other Clinical Trials, but the former fda commissioner Scott Gottlieb says if you pair this remdesivir antiviral with an antibody test, thats a treatment plan that can really work. Stuart you know, you are right. That is a game changer. In fact, theres a lot of very positive developments on the medical front. First of all, check the stock price of moderna. That company is going to get nearly a half billion dollars to help speed up development of its virus vaccine. The company also plans to hire up to 150 new employees. Stock is taking off, up 16 . 47 a share on moderna. Mark tepper, come back in again, because you have been a big investor in the Health Care Sector, and i think its the best performing sector to date, isnt it . Yeah. We have been overweight for awhile. It has been the best performer year to date and its going to continue to outperform and theres really a few reasons behind that. First and foremost, lets remember it is a defensive sector and as we have all experienced firsthand during the recession, people buy toilet paper, they buy ramen noodles and they prefer to stay healthy so health care is definitely an essential expense. The second main reason health care will continue to outperform is the demise of bernie sanders. His medicare for all plan beat the sector up last year. He faded away. Now the sector is snapping back. Third thing is there has been a huge narrative change. If you remember, last year Pharma Companies were under attack. Everyone was saying you charge too much for your meds, right . Now the government is saying wait, we need you, how much money can we give you to produce new devices and new medications. Then the fourth thing, the federal government is going to increase Health Care Spending by 27 this year and historically whenever that happens, whenever theres a spending surge, the Health Care Sector outperforms. Stuart you got it. I love it when you bring energy to the table first thing on a friday morning and you are dead right on health care. 27 increase in Government Spending on health care. What could go wrong . Youre all right. Thanks very much for joining us. See you again soon. Now ive got news on apple. Im kind of surprised at it. Susan, a downgrade . Susan thats right. A rare downgrade from Goldman Sachs this morning. They are looking for a 36 drop in iphone sales in the Second Quarter and as for the first half of the year, they are looking for iphone sales to fall about a quarter. So 24 . In fact, they have reduced their earnings estimates for a third time since the middle of february and they say that services are not going to make up for it, either. They are looking at stagnating Services Growth into next year as well, 2021, and they see that the cheaper iphone that was released this week actually is going to lead to lingering price overhang on iphones in the future. People want to move to cheaper phones because look at 23 million americans that are out of work, they cant afford a 1,000 phone. As a result also with the travel restrictions we have seen around the world, apple might be delaying their 5g handsets which they usually introduce in september and october. Most analysts, though, are still bullish on apple stock and still expect the 5g handset to be introduced this year. Stuart okay. One more for you. Boeing. I know its up sharply, i know its a dow stock and is helping the dow. Whats the news . Susan thats because 27,000, 17 of their work force are going back to work in the near future. Boeing Just Announced this, that the 747, 767, will return to production relatively soon as well. They are looking to stagnate this in and phase it in so we are looking at april 20th for most of these employees in these specific programs and most returning to work by april 21st. This is important because we know that for three weeks now, we have had suspension of boeing production in the seattle area. This is going to help this company. Stuart by the way, that stock price movement, because boeing is a dow stock, it is helping to add 100 points to the dows gain. Thanks very much. Now, as Speaker Pelosi is saying no to any more help at this moment from for Small Business, look at this. That is the speaker showing off her expensive ice cream stockpile. The speaker revealed that stash to tv host james cordin earlier this week. Lot of people not happy about it. You will get my take on it at the top of the next hour. Also in the 10 00 hour, hud secretary ben carson. Hes a pediatric neurosurgeon, one of the best in the world, as well as hud secretary, and hes warning the public dont operate out of hysteria. Thats important. We will discuss it with him. First, codiagnostics. That stock soared 44 yesterday on news that they are producing an oral test for the virus. 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Just say xfinity movie premiere into your voice remote to bring the theater to you. Stuart all right. That Paycheck Protection Program, ppp, out of money and heres what Speaker Pelosi had to say about extending the funding. Roll tape. They need the money, we understand that, and were willing to give them that money but we also need the other money and the question is not why are we not just saying lets just do that and forget about hospitals, state and local. Stuart Hillary Vaughn joins us now. Whats the latest on this . Reporter House Speaker nancy pelosi had a meeting with mnuchin yesterday afternoon. She said she was waiting for him to come back with some type of deal that she thinks people in her party can actually get behind, but really, things are in a stalemate and in limbo. While Democratic Party leadership continues to block this funding, they are losing several lawmakers in their own party. We heard from two Democratic Senators yesterday who said we should be approving this extra 250 billion, no strings attached, lets get the money to that program. Of course, we have heard from the president yesterday, who has said the democrats are obstructing this process and costing workers and businesses their livelihoods and just this morning, we heard from white house economic adviser larry kudlow, who is asking for congress to get this money through today in a matter of hours. 13. 5 of the work force is unemployed. Its not because of what theyve done. Its not because of bad business decisions. Its not because workers are slackening off. Theyre not. Its because of the coronavirus. So what is the congress waiting for . Lets get going. This thing should be done in a couple of hours and a voice vote today. Reporter really, this is a waiting game to see if pelosi makes a move to indicate she has a deal with mnuchin that shes finally willing to support. Stuart hillary, thank you very much indeed. We will see you later on. I want to get back to the positive news developments, medical news developments. Abbott labs, lauren, what have they got for us . Lauren well, they have four coronavirus tests. I want to talk quickly about two of them because the stock will open at a record high today. The first is an antibody test. They can ramp up production, expect to ship four million of them this month. The second is a lateral flow blood test that is fast testing if you have the virus and that allows for mass screening and mass testing, if you try to get everybody back to work eventually. Stuart thanks, lauren. I want to bring in dwight egan, codiagnostics ceo. Hes got some very Important News for us. Dwight, i believe you are working on a new test that does away with those awful nasal swabs. Is it spit in a cup . Have you got that . You know, stuart, last time i was on your show, you challenged me to find an alternative to the deeply uncomfortable process of sticking a long probe into your nasal cavity to the back of your throat. Im pleased to tell you that today, that one of the leading innovators in saliva testing, oral dna labs using codiagnostics technology, has developed a test that uses just the patients saliva and a little nasal swab, circling the front of your nostril, where you spit into a cup. This is the actual cup and the test is used, you spit into after gargling and swishing for about 30 seconds, and it provides a test that is completely selfadministered and its very fast and very effective in that it has great accuracy. Stuart we asked you to come back with Something Better than the nasty nasal swab and you did. This is orarisk, thats the name of the company, using your technology, i think. Lets be clear here. This is fast, its easy and it is reliable. Are all of those statements accurate . Yes, they are. And keep in mind, stuart, this test can be done at driveups, in doctors offices, in dental offices. We have over 180,000 dental offices in the United States we havent really harnessed here in terms of this testing we need to do. We need to do massive testing. So we are very pleased that this solution has been developed and its going to be a great addition to the arsenal that we have to get america back to work. Stuart just out of interest, you must have been working 24 7, 24 hours a day on this, because you have come up with this really quickly. I mean, was it that kind of effort involved . It certainly was, stuart. Its not just developing and helping with this new test development, but just putting tests out, its really a thrill to watch our laboratory go to work with our employees that have to work many times into the night or the weekends to meet the great demand of testing not only here in the United States but around the world. Stuart you know, you guys were supposed to be just nasty and greedy and look what youve done for us all. Dwight egan, codiagnostics ceo, thank you very much indeed for being on the show and thanks for answering that challenge. Dwight egan. See you soon, sir. Thank you very much. My pleasure. Stuart now, ive got a couple items from the ford motor company. Number one, they say they are going to lose 2 billion, thats a lot, in the First Quarter of this year. And they are looking to make employees wear little wristbands that would buzz if you get within six feet of another person. In other words, thats all about social distancing. The stocks up 4. 5 but still at 5 a share. Look at altria, tobacco company. The ceo howard wood is retiring after