Down up by 89 points. Nasdaq was down and s p in the red 1 and a half. Oil prices are down this morning, take a look at 16. 32. Treasury is considering a Lending Program for struggling Oil Companies. We have the story coming up. Treasury secretary Steven Mnuchin is asking for equity stake that take coronavirus aid as Big Companies give back money aimed for Small Business. Mornings with maria live right now. Maria Global Markets this morning are lower. Take a look at european indices across the board. Cac quarante down 36 and dax index lower by 94. Retail Sales Numbers out in the uk looking at the largest decline on record. Down 5. 1 in the uk. In ash overnight red across the board remdesivir failed chinese Clinical Trial. A lot of hope around the drug and it continues to be. Shanghai composite down better than 1 . The white house now saying that the coronavirus pandemic could be behind us by memorial day. Dr. Deborah birx pointing to downward cases week by week. If we continue to mitigation efforts in the days ahead as states implement their policies including phased reopening that will preserve those gains, we do believe that by early summer we could be in a much better place as a nation. If you look at 7day reporting, we are starting to go down. Maria President Trump says that social distancing guidelines can reach into the summer time or even longer. The administration will use a common sense approach and until americans feel 100 safe they will be extended. The latest guidelines to exprior at the end of the month. The white house predicting that the worst could be behind us come memorial day and that could have something to do with the weather. New research from the department of Homeland Security says that the virus weakened when it interact with sun and heat. They found direct sunlight can kill the virus in just 30 seconds and the hot humidity can kill within 2 minutes. Americans should keep social distancing going o. On. The house passed 450 billiondollar phase 3. 5 bill aimed at Small Business, the Healthcare System and more testing. 4 republicans along with alexandria ocasiocortez voted against it. Now it awaits the president s signature at the white house later today. Im grateful that congress is answering my call to deliver these additional 320 billion for relief to the American Worker and Small Businesses, this bill will help Small Businesses and keep millions of workers on the payroll. Maria and, of course, already talk about another massive aid package but Senate Majority leader Mitch Mcconnell says hell weary of the mountain debt. Gilead sciences pushing back this morning on a leak report that covid19 drug failed Clinical Trial in china. The study of remdesivir was ended early because it did not have any patients to draw any statistical meaningful conclusion. Gilead hopeful that it can help patients in early stages. One and a third percent in premarket trading. First take in nfl virtual draft, no surprise. The Cincinnati Bengals select joe burrow. Maria former alabama quarterback [laughter] maria going to the dolphins as fifth pick and former alabama receiver henry rob celebrated an cried with his family after being chosen to play for the oakland raiders. Even though hes hosting the draft from his basement. Commissioner goodell still hearing it from the fans. Its a draft tradition and one that i generally enjoy. Lets hear from you right now. Come on, guys, you can do better than that. Lets go. Lets go. Maria he wants it. Second round of virtual draft is tonight. All right, markets this morning are flat to higher after closing yesterday early gains failing after remdesivir proved to be effective. 26 million since march. Chief Investment Officer steven along with fox business Dagen Mcdowell, michael lee and strategies michael lee and campusreform. Org editor in chief cabid phillips. Coronavirus dominating investing today. How do you feel about reopening and whether or not we will see growth in terms of investment . [inaudible] bullish and still r. We have scaled lack a little bit and we are still its going to be a little bit rocky. A lot of downside in the equity ies still too. Maria and we do get more Economic Data next week as well as more firstquarter earnings, they have been fixed Dagen Mcdowell, your take on where we are this morning. Dagen i think im paying attention to the cash crunch thats happening in particular retail and other industries across the country. I know that gap has said that it has burned through half of its cash on hand and its going to need to raise money to Fund Operations for this year and one after another its reported potential bankruptcy filings from even a Nieman Marcus and then we talked about lord taylor and jcpenney, we are looking at jobs that will be destroyed forever potentially and i think that retail was kind of an obvious point of concern, but you will need to watch industries around across the country, even oil of how many of those jobs will go away because thats the difference between a lot of shortterm pain but something much longer and more protracted economic crisis. Maria just this week we saw all of those companies go bankruptcy in retail. Now we are looking at others as well. American express to take loss year over year and if you look at retailers like nigh Nieman Marcus and macys, its touch a go. You saw the names we are waiting this morning in terms of earnings, steve. [inaudible] steve they have been losing in the last 25 years. Amazon the stronger retailers, yeah, some of them maria okay. I think the market overall, that becomes [inaudible] just of now and i think that next week is going to be earnings coming out. Drug companies, pfizer, amazon. Maria all right. We are having a little problem, we are having problem, steve, with your audio. Doesnt sound great and im listening so closely because everything you say is so valuable steve auth. We will have you soon to talk more about this, i dont know that we are getting as much as we can from you given the audio issue. Steve great to see you this morning. Thanks so much. Please come back soon. Steven auth joining us there. A lot coming up u. S. Customs and border commissioner mark morgan on the trumps immigration order stopping immigration for 60 days. Steve after last nights draft. At 7 00 oclock missouri congressman on the stimulus package and Real Estate Brokers steve accelerated by the coronavirus pandemic plus at 8 00 a. M. This morning dont miss wyoming senator john borraso on steps lawmakers need to take get america working again. Former chief economic adviser to president george w. Bush and labor secretary scalia on unemployment numbers and ppp package. We will talk with him, harry long on last nights first round of nfl draft. We have a big show this morning, dont miss it. Quick break and the americans getting the help that they need, house members approving more stimulus yesterday as some restaurant groups are giving their money back. Details right here. Maria welcome back, help for Small Business on the way. House passed additional 484 Small Business stimulus. This bill provides funding for hospitals, for more testing and it sets aside more than 310 billion to replenish in for Paycheck Protection Program. This coming as sweet green become the latest companies to return ppp loans after receiving criticism about it. Joining me right now is southern bankrupt ceo darren williams. Darren, great to have you on the program this morning, thanks so much for being here. As a smaller bank yourselves and one of these banks thats really part of the president s round table in loans and banks doing the business, tell me about that, what has your company seen in terms of those applying for ppp loans. What can you tell us from your standpoint . Maria, thanks for having up this morning. Weve had Strong Demand for Paycheck Protection Program since it opened up april the third. We serve many underresourced communities and, again, we had strong, Strong Demand from our markets and the conditions in our markets. Maria from what kind of businesses . Maria, its been across the board. We have done 553ppp loans for about 82 million and the First Tranche of the ppp program. You know, 336 were businesses that had ten or less employees. So we are reaching some of the smallest businesses, those who really need it, sometimes mom and pop operations and its been a lifeline for them. Many businesses said they would have shut down but before the resources. Maria were you clear in terms of the guidelines on who you could and could not allocate money to and a lot of confusion with companies taken loans and given money back because of the criticism that it wasnt meant for them. Do you have a clear understanding of how and who to lend money out to . Maria, i have to say that the program is good program, that was all year, this was the first was 349 billion, 13day window and sba treasury almost every day provided Additional Guidance to help us understand. We got better as the program went along. We tried our best and sba worked very hard to help us understand the program. It was clear which one to have businesses needed to support. We are not contacted by publiclytraded companies. We were contacted by customers who we knew and appreciate the opportunity to do so. Maria terrific. You make a really good point, they gave out 30 billion in a year and now they are expecting to give 350 billion in 3 weeks or something. Michael lee, jump in here. Mike michael lee here, quick question, what percentage of the applicants that actually apply that are qualified do you think will get a loan through your bank . Darrin when the program shut down, first phase shut down, we had over 220 applicants that were ready to go and get in the system but the program ran out of money and since that time we continued to take applications so right now the Program Opens back up this morning we will have almost 400 applications that are ready to go and into the systems and we are getting more daily, people are still applying and we are still taking applications, reviewing them and getting them ready to go. I dont know how many we have but at least 400 ready to go. Maria do you think much of the money then is accounted for, the new tranche of money since you know pretty much where this next tranche is going from your standpoint . Darrin first i appreciate the bipartisan way the congress and the administration worked together, 36 billion is earmarked for small banks, for Community Development like southern banks, minority deposit institutions and banks below 10 billion in assets. We serve a different segment of the Small Business community and so it really believe the congress and the administration worked on an agreement that ensure through the smallest banks who serve smaller businesses were able to get resources. Maria im worried that the money is accounted for. Dagen, jump in here, we know the first 350 billion was wiped out in a few days. Ing day day it was wiped out in a few days which showed that the need was there and the Smaller Community banks were on fire making sure that their customers got that. When the big banks jpmorgan, bank of america, if somebody mistreated by large bank and cant initial loan, cant get an email or phone call back from like a jpmorgan, can they contact you right now to see if you could process a loan for them . Darrin not just me but number of small banks across america. We can clearly take applications and also get their calls answered. We have a number of customers who had banked with larger institutions that called us and we were able to help them. Not just southern banker but a number of Smaller Banks across the country. We are open and ready to take that business and we require that you receiving applications throughout the markets. We are open and ready to help. Maria all right, we will leave it there, darrin, great to talk to you, come back soon. Thank you, maria. Maria Darrin Williams joining us there. When we come back the best moments of nfl draft last night. How his clients landed coming up stay with us to help you keep your properties and towns maintained. Your farm running. And construction moving. Your work is essential. Kubotas 1,100 dealers are behind you. Together we will get through this. Call or email your kubota dealer about 0 financing. No payments for 90 days offer expires 5 31. Together we do more. Seeing the break in the clouds before anyone else. Together, well weather this storm. Maria welcome back, Financial Aid treasury secretary Steven Mnuchin announcing that Public Companies deemed critical to National Security seeking a share of the 17 billion in virusrelated relief must offer an equity stake to the government. Separately the Treasury Department is pledge to go get cash back from any Public Company that received ppp loans meant for Small Businesses, Large Enterprises have until march seventh to return the aid. Dagen mcdowell, your reaction to how Many Companies we are seeing giving back the money. Yesterday was harvard, today shake shack. Dagen harvard didnt take the money from the Paycheck Protection Program, that was 5,000 universities across the country, harvard, princeton and stanford and yale all stepping up say they are not going to take the money but separately the treasury is putting the hammer down on larger corporations that took money from a program, the Paycheck Protection Program that was aimed for businesses with under 500 employees that also had access to other ways to raise money and these are Public Companies, so shake shack is returning the money, ruths hospitality group. Remember, ruth got 10 million but 20 million through two different subsidiaries and sweet green, by the way, returning money, not publicly traded, but the issue is do they not teach what karma is in business small, not part of being nba. Karma is grudge and long memory and we all shop there and eat there. Treasury is saying repay loans by may seventh. One thing i want to add, jpmorgan committed almost 42 million in loans to ruths hospitality on march 30th before they got the ppp money, so it was very evident with some of these companies that they had other ways of raising capital and raising money but they still took money out of the hands and mouths of Small Businesses. Maria yeah, thats true, quick break and then President Trump taking action on immigration. We will talk about that when we come back. Inside the president s executive order with acting customs and Border Protection mark morgan, live back here. Maria monday former attorney general Jeff Sessions on why alabama voters should send him back to the senate. Tuesday, americans together, one Restaurant Owner prioritizing her employees over her beloved car. Wednesday dr. Mike is back with the latest health and Wellness News to keep your family safe during the pandemic. On thursday as the roll e coaster ride and the markets continue follow your money right here with our expert wall street analysis and friday after stepping in to prop up the economy does the Federal Reserve have anything left in the bank. Dallas Federal Reserve president Robert Kaplin on mornings with maria from moving forward. This is an athlete, twenty reps deep, sprinting past every leak in our softest, smoothest fabric. Shes confident, protected, her strength respected. Depend. The only thing stronger than us, is you. I was overwhelmed. And i didnt know where to begin. I came across sofi and it was the best decision of my life. I feel cared about as a member. Theres no extra costs for it or anything like that. Its all kinda like, through the app. Were getting a super competitive Interest Rate on our money. Were able to invest through the same exact platform. I really liked that they didnt have any hidden or extra fees. Sofi has brought me peace of mind. Truly thank you for helping me prepare for whatever the future has in store. Its all because sofi let us see light at the end of the tunnel. So thank you. Thank you. Maria welcome back, happy friday, everybody, thanks so much for joining us. Im maria bartiromo, it is friday april 24th, your top stories right now 6 31 a. M. On the butt tone on the button on the east coast. The president to sign that into law today. Dow industrials up 101 points. S p futures up 14. Nasdaq futures