Marketing your money. Plus as mentioned, we are waiting, to hear from the white house. First the briefing from the press secretary in over a year a used to be a daily occurrence. We will take you there live when that begins. There is a shot up and theres the podium and the press secretary Briefing Room. Millions of workers around the world marking mayday today with protest, not only for the working conditions but for relief on things like rent as the Unemployment Rate skyrockets. We will have a live report, all that and a lot more coming up on making money. Cheryl wall street suffering a deep selloff as we await, we have the wide picture right there, theres the Briefing Room at the white house, the first formal press briefing that weve had, more than a year, 2 00 p. M. Eastern time, the good old days. This is her second week on the job, the press secretary expected to take questions obviously on the coronavirus outbreak and President Trump threatening the use of tariffs against china. We know that question will come up today, like berman has the latest from washington and whats old is new again with the briefing. What you know about it, for the first time the more than a year, what concept, press secretary is going to walk into the Briefing Room, stayed up at the podium and take questions from the folks who cover the white house on a daily basis, we have not seen this since march 2019 but the new press secretary kaylee mcenaney, bringing back the old norm. No matter who weve been hearing from within the white house on the economic side over the last couple of days, the white house made one thing very clear, they are going to take their time to survey the landscape to see what comes next as it relates to another potential relief package. I wanted to listen here to larry kudlow what he said this morning. That the white house could make its next move in a month time. Right now we are in a pause mode maybe the next 20 or 30 days, lets see what happens with the latest help, we have her own set and we will public up together in a few weeks and resume the discussion. The market is reacting and parts to comment that was made by President Trump after yesterdays close, the president suggested that the u. S. Could retaliate against china for handling of covid19 not by backing out of debt obligations but rather through the use of tariffs. You know you say we owe you a certain amount of money and we will keep it. But when you start laying the game youre really hurting the importance of the greatest currency on earth. But we can do in other ways, we can do it with tariffs and other ways beyond that. As we said at 203 on the east coast, we await the White House Press briefing, you can see there the left side of your screen Kayleigh Mcenany said to come up any moment. It will be a different circumstance because of the circumstances the elements are dealing with right now with social distancing. The 49 chairs, seven by seven that are normally there in the Briefing Room, just 14 will be occupied because the white house just like everywhere else easy basically taking up the social distancing practices. Nonetheless will get some questions into the press secretary. Cheryl this is good stuff. I have to tell you this is what her second week on the job i think. Yeah. Second week on the job its been less than 20 days or whatever it is. She clearly, this is something that she wants and its clearly an opportunity that the president is giving a green light to. Cheryl will see if he tweets during that briefing. Thats the next question. Thank you for that set up in the preview. As we await for the briefing to get underway at the white house lets bring in Fox News Contributor liz peek and trump advisor curtis, its great to have you both here. Ill have to interrupt you, my apologies in advance when the briefing begins. Liz i want to pick up on something that blake reported, the comments from President Trump about china. The idea of tariffs is basically punishment and im paraphrasing. What do you make of that . I totally agree that we have to punish china for not being straightforward about this horrible virus that is because so many deaths and so much destruction but i dont think tariffs as a way to go cheryl. We use tariffs to reset our trade agreement, that was a good idea but this is very different, i think this calls upon us to actually work very hard to bring supply chains into the United States, make sure we are never again dependent on china for medicines, medical supplies, i would expand that to other important sensitive products that are hightech and things like that. We need to show the world that china is not trustworthy. Thats what the messages here. Tariffs is not the way to go, i think other measures being very cautious about letting scientists and Chinese Students into our universities, being very, very careful about what kinds of Companies China can acquire in the United States. Although send a message of distrust and thats what we should be showing here. I think theres other ways to do, by the way, i totally agree, not repaint that would be the opposite, that which os to be untrustworthy, not china. Cheryl to be fair that is debt that we as a nation took on but at the same time, i went to bring in curtis because honestly the supply chain from china has come into question and we knew we were over dependent on the chinese weather is for prescription drugs or goods or services. This really makes it very clear that we cannot trust them. What do we do as a nation. I agree with liz, we have to bring the supply chain back to the United States. We saw an executive order today where the president signed in order saying that power and Utility Companies cannot be buying goods from china or the power stations from the transmission lines. Right now there is one u. S. Manufacturer of the electrical grade going into the high voltage transformers that are crucial part of the electrical grade, we cannot be dependent on china for that but thats the case right now. One way we get the supply chain back to the United States is by using tariffs. Thats how we built our industry in the first place. There was a barrier of tariffs that made it uneconomical manufactured goods overseas made it more economical in the United States, thats how we built this country, thats the american system. The other thing were hearing sources say to the president is getting ready to block the plan, the federal Retirement Fund from being invested in Chinese Companies. Thats another way we can cut off the blood supply to the Chinese Communist party, we dont have to sue them and try to get them to pay money, we do still give the money in the first place, thats a much more efficient way to make them pay. Cheryl think of all the Chinese Companies that are publicly listed on the nasdaq for example in these are companies that dont have the same standards frankly that u. S. Companies do ass i know they say they do but i want to ask you about larry kudlow and the comments he made this morning about it being weeks before we talk about more stimulus, thats a lot, we have a country that is suffering, even people filing for jobless claims in six weeks, can we wait for weeks, five weeks . I think we can, at this point is pretty obvious i will of the money that is supposed to be going out to people and businesses in distress have not gotten out there yet. Lets wait and see, there is some indications already that this economy is bouncing off the bottom, little bit of a sign that retailers are seeing business pick up off a lot of space has begun to reopen. I think it would be incredibly careless nancy pelosi talking about another trillion dollars, people have to take a step back and say what have we done to the feds balance sheet, what are we doing for the national debt. I know that these issues are not being talked about very aggressively right now, i get it, the nation is suffering but lets see what kind of green shoots show up and what kind of natural recovery were going to have before we put on another trillion dollars in debt. Cheryl lives in curtis i appreciate your time, certainly theres a lot to cover will have you back soon on the program. We are waiting for the White House Briefing to begin in washington. The china trade worries and the president brought this up yesterday, a couple of disappointing earnings well into the red for the first day of trade for the month of may but i got to remind you, this may seem wild to all of you but were coming up to the best month for the dow and s p since 1987. Wrapping up one of the busiest weeks of earning reports for the quarter. They have been a little rough, where should investors be looking now i want to bring in the management cio fox business interpreter scott martin and chief investment strategist rob. It is weird as we watch his numbers, were pushing session lows and may lose her gains for the week. I want to learn viewers n no but the markets are shooting higher, the economy seems to be falling apart, scott, wheres the truth and the reality in all of us. You mentioned some of the highs are coming off being the best month since 1987. It is likely that profittaking is actually in healthy thing. In the earning is out this week have been terrible so the market is taking those into consideration, a lot of that was baked in an a lot of opportunity here. You mentioned amazon and ill tell you if you look at amazon, you have a company that is crushing it at aws, the amazon word service, a lot of the future of the company alone, the company that is making 75 billion topline as a consumer Staple Company by the way, every quarter which is great and the fact that to the Companies Pulling back 75 afterwards rallied well into the cell if we had in the last several months. In my opinion looking for values like that as the weight of the stock inventors taking advantage. Are too worried about this news having to go to congress to testify about the wall street journal report. It actually got called on. We have got the White House Press briefing getting underway press secretary Kayleigh Mcenany and her first briefing. Afternoon i have an announcement on hospital funding is appropriated in the third phase of Coronavirus Relief. The Trump Administration will distribute a total of 12 million and provided relief on payments to 395 hospitals across the country that have been hardest hit by the covid19 pandemic. These hospitals have collectively cared for over 70 of the 184,000 americans that required hospital inpatient cares. 10 billion of the 12 billion will go towards hospitals training 100 or more, 19 omissions, hhs is distributed in additional 2 billion to the 395 hospitals in proportion to the amount of care that they provide to lowincome and uninsured patients. This is consistent with our effort to ensure that americans who need federal government assistance and most receive it. Will be releasing a breakdown of the states receiving this funding in the counties receiving the funding before your awareness, new york, new jersey and illinois receive the most by state while new york, new york, bronx and cook illinois receive the much enter most determined by metrics radar Healthcare Providers as President Trump has acknowledged our heroes as we work to defeat the invisible enemy. This really funding will help these heroes defeat the virus. In reacting to cares release, i love what this one provider said, he said thank you and god for this relief, i have tears in my eyes out of gratitude for these funds, thank you so, so so much. Additionally 100 flights as part of your bridge will have been completed to date. These flights have been exabyte in nearly 1 billion pieces of ppe for healthcare heroes. The third phase of Coronavirus Relief also included 320 billion in additional funding for the paycheck protection program, as you all know forgive provides forgivabls to keep the employees on payroll. This program is extraordinarilys successful during the first round of ppp loans, 1. 6 billion loans for Small Businesses and one of the 1. 61 million were given to companies with ten or fewer employees so it is gone to Small Businesses and businesses that need it most. The ppp, it is not just another government program. This is supporting Everyday Americans who through no fault of their own have found themselves in a predicament. We saw this firsthand at the white house on tuesday. On tuesday President Trump welcome Small Business owners and employees to the white house, these Small Businesses receive ppp loans which help them pay their employees during the pandemic, bidding and bose was among the Small Businesses welcome to the white house. Those employees have 120 people with intellectual and develop mental disabilities, the coffee shop not too far away from here. They had to temporarily close its doors but because of peopl p loans they were able to rehire all of its employees. I had the real honor of getting to meet one of the employees and he offered some words of encouragement to our country and they really touched my heart and i think theyll touch the heart of america if you would not mind playing those remarks. President trump in ivanka thank you for inviting me. Thank you, mr. President for having us. I love my job and im excited about going back to work. We like to use a phrase here calls not broken. That means me and all my coworkers are not broken. And we have lots to offer. Another great country of the United States isnt broken either. So on behalf of myself, megan and all the employees, thank you for inviting us over. You guys are family. [applause] michael is an incredible young man, i gave him a call yesterday and asked him what he was up to and he said he and his fellow employees were handwriting notes to put in with their coffee packages that they send out to consumers. I received one of these notes from another company and it really just puts a smile on your face. Michael is doing that each and every day and they represent the hope and opportunity that is on the horizon for americas workers as their body and business bodies the american spirit. Work is like michael show this country is not broken. And then we will recover together. Michael, thank you, youre an american hero, thank you for sharing the message of hope and with that i will take questions. Welcome to the podium for the first time. Thank you. The markets are down substantially today after the president suggested he might use tariffs to punish china over the coronavirus. Is there any serious consideration given to putting new tariffs on china or was the president sit falling yesterday. I wont get ahead of any announcements from the president but ill echo the president s displeasure with china. It is no secret that china mishandled the situation. Just a few examples for you, they do not share the genetic sequence until a professor in shanghai did so on is on the very next day. China shut down the lab for rectification, they so walked information on human to human transmission alongside the World Health Organization and did not let u. S. Investigators and at a very important time. So we take displeasure with chinas actions but i certainly will not get ahead of the president s announcement. Is the president fiercely considering forcing china to pay some compensation or reparation, whatever word. When it comes to retaliatory measures i will not get ahead of the president on that. Thank you and welcome to the podium. The president said yesterday that he has a high degree of confidence that the coronavirus originated in a lab in wuhan, china in his own intelligence agencies say theyre still investigating. Does the president have information and has he drawn a conclusion of the Intelligence Community no yet . It is consistent with the other intelligence and assessments. We continue to have very limited from china. They indicated it is consistent with what some analysts believe is at the center where the virus began. I would note that intelligence statement you are referring to make two points, one that this virus originated in china. Two, he began to contact with infected animals or with the result of an accident of her laboratory in wuhan. So i consider that consistent with what the president said that he seen intelligence suggesting it could be in the will hand laboratory. To lean into the idea that this started in a laboratory, as a statement that we saw from the dni that we are still investigating those two options that you laid out. As a president anyway creating mixed messages . Let me remind everyone, intelligence is just an estimate essentially and its up to policymakers to decide what to do that intelligence. In this case the policymakers, the president of the United States and how make that decision at the right time. Is a president close to deciding what to do about china . Has he received recommendations on the consequences, is he anywhere in your decision . I will get ahead of the president s decision or the timing but he takes his very seriously because the decisions of china that i referenced slow walking some of the information put american lives at risk and rest assured, this president has one priority and that is the safety and the wellbeing of the american lives. Thank you so much and welcome. Its been more than 100 days since the press secretary sat there, i want to get a