About all weve been through. Well talk more about that. We also have earnings from uber coming out any moment. Well cover that. Fox Business Team coverage with all the top stories. Lauren simonetti watching those stories. Blake burman from the white house. There is a lot of news there. And susan li with uber and more from the new york. Lauren, we start with you. Lauren guys, good to see you. I dont want to call it a fade but the dow was up 430 points. It lost some momentum closing at 23,875 for a gain of 211 points but certainly a fade for the third day in a row. Take a look at nasdaq. It didnt close above 9,000 but it is positive on the year by seven points. What a day. What has been powering the nasdaq and the overall market . Megacaps, facebook, amazon, google, netflix, microsoft. Look at them this quarter. Theyre all up 15 . Strong balance sheet, cash flow, generally seen as immune to government regulation which had been an overhang. There is very much a push, pull were seeing in the market right now. Signs the economy is reopening. Lets look at some travel stocks. They rebounded today up 5 1 2 gain for carnival. 7 gain for mgm. There is questions how fast the economy can heal. Got fda approval to accelerate a vaccine trial, moderna. That stock up 8 . Peloton, they signed a million subscribers during the lockdown. Paypal, one analyst says more relevant now than ever before. Lyft up 21 . The jobs report tomorrow will capture the full impact of the coronavirus. Investors shrugging off data that another 30 million americans filed for Unemployment Benefits. Breaking news just crossing the wires right now. Lets take a look at the financials as we do this story. Philadelphia fed president Patrick Harker making remarks he doesnt think big banks should be issuing large dividends right now. They need to preserve cash. Nonetheless financials were one of the best sectors. The philly fed president says the fed is think about setting up facilities to directly lend to colleges and nonprofit medical institutions. Guys, back to you. Connell interesting, lauren, thank you. Next up blake burman in washington with summary of what turned out to be a busy day at the white house. Where do you want to start, blake . Reporter i dont know, ive been on the phone the last 20, 30 minutes, connell. There has been a lot of news out of the white house. Lets start with questions about potential exposure of covid19 and President Trump because the white house confirming today the first known case of covid19 within the white house t happens to be one of President Trumps valets. Now fox is told that that person started feeling ill earlier this week. That person has not been on campus within the last several days or so. It of course brings up questions about the president s own health but the president said that he has been tested. The Vice President has been tested as well. Everything has been okay. Listen here. I had very little contact. Mike had very little contact with him. Mike and i were tested. We were both tested. Reporter [inaudible] a little bit strange. But one of those things. Reporter okay, connell, some news coming out within the last few minutes that weve been able to confirm through u. S. And chinese sources is that the u. S. Trade representative Robert Lighthizer and vice premier of china, liu he we are told are expected, i stress expected, as you see the president coming out to speak, next week via telephone. That reason why that is important. The president said he would get an update on the china phase one trade deal at the end of next week that fits in with that timeline. Send it back to you as were about to hear from the president. Connell that was important information, blake, that we will follow up on yesterday, when the president talked about china. We will certainly continue to follow that today. The president and first lady are attending White House National day of Prayer Service in the rose garden. Those are that beginning now. Back over to melissa. Melissa here now to react to all of this is bill mcgurn, wall street journal columnist and a fox news contributor. Bill, let me ask you first about those unemployment numbers. Even though we said there were fewer people going on unemployment this week than there were in the past were still at a record enormous number of people out of work and one thing that struck me was this poll from the Washington Post that found that 77 of people who have been furloughed or laid off expect to get their job back when this is over. They think they will be rehired. Are they overly optimistic . Well, we dont know. I do think that because this economic problem didnt start with like weakness in the economy it started with, you know, a pandemic, i think that theres a sound case for saying that when the economy springs back, it may spring back very quickly but that is a lot of dislocation as you were saying. Again, i think it is small consolation that numbers didnt rise but it is building on top of a very large mountain of people out of work. You know, just what i see, im lucky, im not out of work, i can draw my paycheck but i know a lot of people that are struggling. A friend of mine had to close his garage. Lots of people suffering in ways and they see no end. Melissa yeah. You know we, you heard blake say a moment ago the chinese premier and lighthizer getting together again to talk. We seemed like made progress on the china problem. That seems like so many issues ago when we were talking about trade but now, you know, as you say, we do not want to trade with them, we dont want to get anything from them, but no, we had this deal where they were going to buy food from our farmers. Right. Melissa there were a lot of issues out there. Does that pile problems on top of problems now . I think it does. My view of china i believe we should trade with them. I think people have learned about the vulnerability when youre entirely, supply chain is entirely dependent on china now but my other view the Chinese Government is not honest and well always have problems with trade with china. They will not go away forever because they dont abide by the rules. Melissa yeah. In times of, one of the biggest concerns is about people making more money right now temporarily while theyre not working, what incentive do they have to go back. I said this before but i talked to a whole bunch anecdotally Small Business owners say they cant get people to come back. Someplaces were opening today. They did find people. Does the rational set in that when music ends there may not be that many jobs . So if you have a job calling you back, you might make more money until july sitting home you should get back to work . Is there rationale coming to a lot of people . Do you want [inaudible]. Tremendous problem. Perhaps worst move the federal government has made. So what you have is the federal, sort of bonus for people unemployed at 600 a month. That is on top of whatever unememployment benefits they get in their state. For a lot of people, that is a lot more than working. We had an article by a guy from portland who runs a business basically supplies chefs and restaurants with workers and he pointed out in their state, for a lowlying cook or something, they would normally earn 600 something a month. With these benefits theyre getting 1000. You cant expect people to take a pay cut to go back to work. I think what youre, you put your finger on such an important problem because even if a lockdown is lifted, and they say they can go back to work, people find it better not to work, if that doesnt change, i think until end of july, were going to postpone a recovery. It was such a boneheaded rule. Youre one of the few people that have paid attention to it. Melissa yeah. Well on that note, bill mcgurn, thank you. See you soon. Connell . Connell we have a fox business alert, melissa, on ubers results. You may have seen susan li joins us, the numbers crossing at the bottom of the screen while melissa and bill were talking. They lost more money than expected. Susan thats right. Take you through why they lost more money than anticipated. But actual numbers in terms of profit, they lost a buck 70 per share. Analysts were looking for8 cents for8 cents 88 cents loss. Theyre talking about impairment charges. Meaning we know uber is a global company. They own stakes china, uber in china. They say they lost money because value of these Companies Went down the First Quarter of this year. They said analysts didnt actually right that price it that in correctly into the model. This loss is much wider than anticipated. Sales came in better than expected first three months. 3. 54 billion. That is how much they made. Gross bookings how you gauge ridehailing t went up the first three months of year which is surprising. They actually beat the street. Think about it globally we went through clone clone in china, asia pacific around the middle east where uber also has operations as well. Maybe not as good as lift. Lyft more of a pure play here in the u. S. Uber says this was better than expected. Uber eats, were stuck at home, being quarantined. Eats up 54 . Were hoping on Earnings Call well get more guidance how much eats is doing First Quarter of april. What about recovery in ridehailing since a lot of these markets have been hammered down 80 or so . Guidance for profitability, when will the company make money outside of expenses . They had until the Fourth Quarter of this year. They pulled that guidance. Maybe well see profitability this year or next year early 2021. Guys . Connell interesting, susan. The stock down more than 4 . That is uber. Before weigh we let you go have news on apple. Tell us that. Susan Companies Across the u. S. Want to see the u. S. Economy open as well. Theyre investing 10 million into this california test kit maker hoping to expand testing kits to a million a week by the month of july. I caught up with the chief operating officer, apple number two behind tim cook and i spoke to him about what apples doing in the economy right now especially in these tough times. We had 33 million americans filing for unemployment. What about apple and what theyre doing with their headcount. One of the things weve done during this period weve continued to pay our retail store employees. Were paying the hourly workers. Even our, even contractors supporting us because as i said, im bullish on, bullish on where things are going in the long haul. We need those skills. Were going to invest through these challenging times. Were not going to, were not going to attack this problem by cutting. Well not save our way to prosperity. Susan theyre investing 10 million to make the tissing kits. That will be a 10 milliondollar investment. Theyre sourcing 30 million facemasks and face shield which is made in illinois. Theyre giving and shipping 10 million of these to the front line staff to make sure they are protected but if you will have anybody make any shields for you probably want the most successful hardware devicemaker in history doing that, right, guys . Connell that makes sense. Thank you, susan li covering a lot of ground for us today. Uberand apple. Melissa. Melissa yeah. Thanks for that. All right. At least 3. 8 million cases worldwide. The death toll now spiking to 75,000 in the u. S. The white house deciding against issuing more specific cdc guidance on reopening the economy. Instead allowing governors to lead the effort in their individual states. Well have the latest on the pandemic this hour. Plus more than 40 states taking steps to reopen their economies as local leaders in new york prepare for phase one and the mayor says the city is set to provide 280,000 antibody tests in the next few weeks. We are live from mount sinai hospital with where things stand achievable steps along the way. So we can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Oooh, well. Im good at my condo. Oh. I love her condo. Nana throws the best parties. Well planned, well invested, well protected. Voya. Be confident to and through retirement. From anyone else. So why accept it from your allergy pills . Flonase relieves your worst symptoms which most pills dont. Get allinone allergy relief for 24 hours, with flonase. Swithout even on yoleaving your house. Which most pills dont. Just keep your phone and switch to xfinity mobile. You can get it by ordering a free sim card online. Once you activate, youll only have to pay for the data you need saving you up to 400 a year. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. Melissa Governor Andrew Cuomo announcing earlier today. No one in new york can be evicted for not paying rent because of the coronavirus until august 20th. David lee miller joins us outside of mount sinai with more. Reporter melissa, addressing the Financial Hardship faced by so many new yorkers, the governor announced the state will extend the eelection ban for another 60 days eviction. That includes a ban on any type of fees for late payments. The state will also require the awe howance of renters to be able to pay rent using their Security Deposit without any penalties. Cuomo says the state is working with banks to prevent landlords from having their properties closed. Antibody tests on 27,000 Health Care Workers in new york city shows a lower rate of infection than the population. Cuomo said the test in the new york area amazingly good news underscoring the importance of masks, gloves, personal protective equipment. He said the state is on the downside of the mountain adding it is a slow descent including people who had to be hospitalized. The rest of the nation is going up and were coming down. So what were doing is working. And when it is working stay the course. Quote attributed to win ton churchhill, if youre going through hell, keep going. That is what were doing, were going through hell. Reporter starting next week new york city will begin testing 140,000 people for coronavirus antibodies in hardhit sections of the city. As part of that process theyre going to gather demographic information. They are testing another 40,000, Health Care Workers and firstresponders. Mayor bill de blasio asking washington to provide financial assistance, that new york face as 7. 4 billion short fall. The furlough and lay offs and city workers is in the hands of the president and congress. He accused President Trump being inhumane offering tax breaks to the wealthy as a precondition for helping firstresponders. Mr. Trump has said a cut in the Capital Gains has to be part of any future deal for providing aid regarding the coronavirus pandemic to states and cities. That is the latest, melissa, back to you. Melissa david lee, thank you. Although of course new york did already get billions from the government and theyre welcome to borrow from the fed. It is right there for the taking. Connell, thank you. Connell really interesting conversation, melissa coming up next. I believe the idea is to set the record straight. Well speak to the Nurse Practitioner who had back and forth in the oval office with President Trump yesterday that you may have seen about protective gear. She is coming on with us in a few minutes. Stay tuned for that. In Florida Governor ron desantis is in talk with local officials to add more counties to the state reopening plans. Were live on that from miami beach later in the hour. And wells fargo employees are finding ways to do our part. By helping people stay in their homes, through mortgage Payment Relief efforts. Helping local businesses in their vital role in the american economy. And helping hundreds of local organizations provide food and other critical needs. When you need us, wells fargo is here to help. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. 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Ask your doctor about trulicity. Melissa fox business alert. News corp reporting Third Quarter results. Lets go back to Lauren Simonetti with the numbers. Lauren . Lauren this is the owner of the wall street journal, the New York Post and realtor. Com. It was a mixed bag if you look at earnings per share, better than expected three cents. However revenues down 8 year over year to 2. 27 billion. It that was a slight miss. You have to remember these publications have strong readership. They came into the quarter with very strong ad revenue but as a result of covid19 theyre trying to save cash and they are seeing somewhat after decline when it comes to advertising. The company says this, fueled by significant Digital Advertising and subscriber growth at dow jones, including the wall street journal, reached approximately three million subscribers in the last week. That is a new record with over 2. 2 million that are digitalonly. There is n