Look, any way you take it, employment in april was a disaster. We are looking at an Unemployment Rate that is likely approaching 20 . We get those numbers, the unemployment numbers for the whole country, next friday. However, got to tell you the backtowork movement is really gathering steam. States across the nation are modifying their stayathome rules. Businesses are reopening. Oklahoma reopens some businesses tomorrow. California will allow some elective surgery. This, however, is receiving mixed messages. President trump says georgia is reopening too soon. He says he strongly disagrees with georgias decision. However, he will still leave it up to the states. Heres a positive. The Field Hospital built specially for virus patients in houston, texas, may be dismantled, not needed, underused. Lets get to the markets. First im dealing with oil. Look at this. Moving back up again in price. 16. 71 is the production price right now, but production is being scaled back very very sharply. Supply is being restricted and the hope is that the backtowork movement will increase demand, albeit gradually. 16. 71 on oil, up 21 . Stocks reacting to the jobless numbers positively and perhaps positively to the news that the house will likely vote on the latest rescue package. Also reacting positively to oil. Dow is up about 70. Nasdaq up about 50. S p, 15. Then theres this. Tiger woods, Phil Mickelson, Peyton Manning, tom brady, they will stage a golf match to benefit virus victims. And tonight, the virtual nfl draft. Fans desperate to watch any kind of sporting event. They may also be tuning in to see if the nfl can do a virtual draft without serious technical issues but its going to happen. Big show for you. Varney company is about to begin. Its been encouraging to watch states begin to open up as and it really has been, its a beautiful thing to see as restrictions are lifted. We must maintain vigilance and continue practicing social distancing. I encourage governors to follow a careful phased approach and i want to remind all americans to adhere to our guidelines. We have flattened the curve and really made tremendous progress but we must guard against a dangerous rebound. We dont want a rebound. Stuart okay. Guard against the rebound but lets get on with opening up. You heard what he had to say. Stephen moore is with us, ace economist. Look, the backtowork movement has begun. Im not going to say the flood gates are open but they are definitely going back to work in various states. Do you think people will be eager to get back to work, to eat out or is this still going to be this lingering anxiety . I think a little bit of both, stuart. Its a great question. We really just dont know the answer to that until we see the behavior of people. I know and you know and everyone knows some people are eager to get out but i also know people who are still afraid so i think you are going to see a mixed reaction from people, but these restaurants and bars and stores need to get reopened because as i said last week on your show, every day the economy stays shut down, you see thousands and thousands more businesses go into bankruptcy. The other thing thats going to be so interesting to watch, stuart, over the next two, four, eight weeks, is this red state blue state divide. Look at the states that are talking about opening up in the next week. Youve got texas, utah, georgia, tennessee and the states that are talking about staying closed until june or the middle of june are those blue states like new york and connecticut and new jersey. So its going to be interesting to see whether that has any impact on maybe some of these businesses in new york and connecticut, maybe moving to some of these Southern States where they can open up their doors. Stuart how about that. Let me just chime in for a second. I think that when the gates are open, i think eventually the flood gates will have opened. I think there will be an awful lot of people desperate to get out of the house, desperate to get a job or get the income coming back in again. I think it will be a flood. Thats just my opinion. Ten seconds to tell me whether you think im right or not. Look, i think for a lot of people thats true but a lot of people are still afraid and its sort of like sticking your toe in the water and when people see other people doing it, i do think over the course of the next month, you are going to start to see people rushing out and they want to make sure theyre safe and you got to do social distancing and a mask but if you do it in a safe way, i think woe can get this economy moving. Remember i said if we do that starting now, i think by late summer we could see a real nice recovery. Stuart i just want to get this in. 5. 2 million jobless claims last week, 4. 4 million this week. I call that a down trend. Im looking for the positive here. What do you say . Im kind of with you on that. I thought we might see whats the total number now . 26 . Stuart 26. Give or take 100,000 here or there. Look, i think at the end of the day we are going to go up to about 30 million but i thought we would go up to 30 million even sooner. Look, when you shut down 30 , 40 of the economy, you get a lot of people out of jobs. I actually agree with you in a weird kind of way, who would have ever thought three or four Million People signing up for unemployment would be a good number. But based on where we thought we might be, it looks like workers are starting to very slowly get back to work and employers are not laying off as many workers as we feared they might. Stuart all good stuff. Thanks very much for joining us today. Important day. We appreciate you being here. Thank you very much. Now, one of the stories we are following of course is should you go back to work if you can go back to work. On that note, listen to congresswoman alexandria ocasiocortez. Roll tape. When we talk about this idea of reopening society, you know, only in america does the president , when the president tweets about liberation, does he mean go back to work. We, you know, had this discussion about going back or reopening, i think a lot of people should just say no, were not going back to that. Were not going back to working 70hour weeks just so that we can put food on the table. Stuart sounds like kind of a strike to me. Lauren, have you found out how many people are unemployed or filed for unemployment claims in her district . Lauren sure have. Her district covers parts of the bronx and queens and in the bronx and queens, 236,000 people have filed for Unemployment Benefits in the week ending april 11th so in total, for three weeks, up until the week ending on april 11th, 236,000 unemployment claims coming in. Thats a good part of the population. Stuart shes encouraging them dont go back to work. Maybe shes, you know, shes on solid ground here not solid ground but look, those people on unemployment, i think theyre making around 600 a week. They might not get 600 a week going back to work. Lauren and thats one of the issues right now, that a lot of folks getting these expanded unemployment checks are making more money now than they would have at their old job but what aoc and many others are saying is they are redefining the spirit of america that you want to go to work, you want to advance at work and you want to make as much money as you can and shes basically shes using misery in the nation right now, shes using a pandemic to set forward and set forth her platform and her goals that, you know, free us from our economic insecurity because our paychecks dont get us anywhere. Stuart im with you. Good point. Lauren thats what shes doing. Stuart thats exactly what shes doing. I want to have an update now on all those states which are unveiling plans to reopen. Ashley, what do you have . Ashley yeah. Its interesting, because they vary widely. Lets take oklahoma, for example. They are planning on reopening some businesses tomorrow. Governor kevin smith says that will include hair salons, spas, nar sal nail salons, pet groomers, they will be open via appointment only and will have to undergo strict sanitary protocols. By may 5th, gyms and churches can reopen. Take a look at pennsylvania. They say they will begin reopening on may 8th. Tom wolf, the democrat, says we are going to take a threephase approach. Many states are doing this. Red, yellow, green. He said we are in the red right now. We get to yellow, thats when me health benchmarks are reached, continual lessening of new cases of the coronavirus. He says schools, though, will remain closed on may 8th and restaurants will only be available for Curbside Pickup and delivery. In maryland, the governor larry hogan is going to unveil his reopening plan today, calling it a roadmap to recovery. In maryland they want to see 14 Straight Days in the reduction of new deaths, new hospitalizations and new patients going into the icu. Pretty extensive benchmark and that has to happen for 14 consecutive days. As you can see, the effort is there but each state is taking a slightly different approach when it comes to actual dates. Stuart got that right. Thanks, ash. I want to show you the stock price of eli lilly. Earnings came out earlier. Revenue up 15 , they pulled in 5. 8 billion. It was just 5 billion last year. The stock is up just a fraction. Coming up, we have the chairman and ceo of eli lilly on the show, in our 11 00 hour. We have boeing in the news. They are being sued for 330 million because they didnt return some advance payments on canceled 737 max orders. The stock is at 136. Look at target. Same store sales up more than 5 in this month, april. Get this. Online sales up a whopping 275 . The stock is down 6 . How about apple. Reportedly going to add around 100 billion to their Stock Buyback Program. Many other companies have put those programs on hold and theyre not popular with the politicians but apple is going to do it. 276 is the price right there. Susan, come in, please. Apple is going to start, what, make their own chips . I thought they do already. Susan well, they have been putting a lot of money into research and development into making their own chip and this has been rumored for over a year but this report coming out saying that apple will start selling its first mac with its own chip in the year 2021 and hopefully to increase that number in terms of making their own mac processors to three in the future, in a project conamed calamata. We also know intel has been making these chips for the macs so intel will probably have a bit of a problem when it comes to business and then Taiwan Semiconductor makes the chip that goes to iphones, ipads and if apple makes its own chips in the future, this will be easier to integrate the iphone, ipad and mac together into this Underlying Technology which will make it easier to run all apps in the App Ecosystem and also for updates as well, and to secure security for all these hardware devices. Stuart it all revolves around apple, does it not. Why not. Great company. Thanks, susan. Next hour, former chief economist at the world bank, paul romer, says yeah, we could restart our economy and contain the virus but with a National Testing plan. We will let him make his case. Next, republican senator John Barrasso. Im going to ask him how do we pay for all the trillions of dollars that we are shelling out in spending. How do we pay for that. Technologies advisor. Me too. Me too. And if youre a Small Business, were with you. Standing by you every step of the way. Bye bye. I wanted more from my copd medicine thats why ive got the power of 1, 2, 3 medicines with trelegy. The only fdaapproved oncedaily 3in1 copd treatment. Trelegy the power of 1,2,3 trelegy 1,2,3 trelegy man with trelegy and the power of 1, 2, 3, im breathing better. Trelegy works three ways to open airways, keep them open and reduce inflammation, for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. Do not take trelegy more than prescribed. Trelegy may increase your risk of thrush, pneumonia, and osteoporosis. Call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. Think your copd medicine is doing enough . Maybe you should think again. Ask your doctor about oncedaily trelegy and the power of 1, 2, 3. Trelegy, 1,2,3 man save at trelegy. Com. Many of lifes moments in thare being put on hold. Are staying at home, trelegy, 1,2,3 at carvana, we understand that, for some, getting a car just cant wait. To help, were giving our customers up to 90 days to make their first payment. Shop online from the comfort of your couch, and get your car with touchless delivery to keep you safe. And for even Greater Peace of mind, all carvana cars come with a sevenday return policy. So, if you need to keep moving, were here for you. At carvana the safer way to buy a car. Stuart congress is set to pass that Small Business funding extension. Theres some big dollars involved. Edward lawrence, come in, please. Can you tell us when Small Businesses will get the new money . Reporter yeah, thats coming. You know, all eyes right now on the house of representatives and in about an hour is when they are going to start the process to finish this voting on what could be called the phase 3. 5. Thats going to include the 321 billion added to the payroll protection program. Now, in that program, im told the sba as we first reported is already looking at the language in that program to get the guidance out, sort of a sneak peek before its actually been signed by the president. Now, a source with the sba is telling me the guidance is expected to come out on friday to banks with this. That would tee up a saturday or sunday where the loans, once the money has been deposited with the sba, the loans could flow through or start flowing again to those Small Businesses. The 10 million that shake shack gave back will be added to the pot and given out in this next round. Also, we are talking about the treasury secretary who said 30 Million People were helped with the first round of ppp loans. He believes another 30 million employees will also be paid in the second round and you know, that may be why we saw a four million number for the unemployment this week as opposed to a six million number. Back to you. Stuart edward, thanks very much indeed. Next, lets deal with treasury secretary steven mnuchin. He was on this program exactly 24 hours ago. I want you to listen to what he had to say about how we are going to pay for all this stimulus money, this rescue money, the trillions of it. Roll tape. This is a war and we need to win this war, and we need to spend what it takes to win the war. On the other hand, i think we are sensitive to the Economic Impacts of putting on debt and thats something the president is reviewing with us very carefully. Stuart let me bring in senator John Barrasso, republican from wyoming. Senator, the treasury secretary was basically saying look, we are in a war, spend the money now, worry about paying for it later. You on board with that . No, i am not, stuart. Let me just tell you, it is time to push the pause button on additional congressional and u. S. Spending. We have spent 2. 7 trillion over the last one month. Before we spend another dime, we need to make sure that we are all back in session to debate this facetoface, number two, not another dime until we actually see the impact of the money that we are spending and also, the impact of the debt on our National Debt picture. We have a Conference Call this morning of all the republican senators and i will tell you, as chairman of the conference, my position is its time to push the pause button right now. Stuart okay. Lets talk about opening up rural hospitals. You are a doctor. You are in wyoming. I know youve got a bipartisan plan to get those rural hospitals some more money but surely what those hospitals need is to be able to do elective surgery. Isnt that what they want, really . That is exactly what they want to do. They want to reopen again. All of these rural hospitals, and they are the lifeblood of so many communities, not just the health issue but also from an economic standpoint, they all live on very tight, slim margins. For the last five weeks, they have been able to do nothing other than emergencies in preparation for coronavirus. So they are at 20 occupancy. They have basically become flatlined economically. They still want to make payroll and what we need to do is make sure they are allowed to get back in the business that they are able to do the elective surgery and that means cancer surgery thats been delayed, mammograms that have been delayed, a number of things that are important for peoples own health as well as the health of the hospital and the community, and theres bipartisan efforts to focus on money for rural hospitals. Part of it is in the cares act. Its also in whats going to pass today. We need to make sure these hospitals remain viable in the communities because stuart, we have a hospital here in wyoming, in a county that the county alone is bigger than the entire state of new jersey. The entire county has only had ten people who tested positive for coronavirus. None have even been hospitalized. Yet they are sitting at 20 occupancy and have had to lay off nurses, therapists and others at the hospital because they cannot do the work they are trained and know how to do, and they can do it safely. Stuart cant the state governors say hey, you are a rural hospital, theres no cases in your county, do elective surgery . After all, the hospitals are getting 25 billion from the last rescue package and another 75 billion for the one that goes through today. Isnt that enough . Well, for me, it is certainly the position that i want to see because phase one of the reopening of america includes elective surgery. If you have communities like we do in wyoming, where the number of cases is low and declining, where they have the equipment, they have what they need in terms of taking care of coronavirus cases if they come in, i think those hospitals are part of the reopening of america and they are in Rural Communities all around the country. The way to really reopen americ