Special Report | Markets in Turmoil: Healthcare & Reopening
So if you want to learn more about one of the fastest growing trends in-investing we've got the podcast for you. It's ETF edge. I'm Bob Hasan. Joined the as I'm joined by top market participants to help you build your best portfolio. Listen and subscribe today I am. Cnbc producer Katie Kramer. One of the voice behind the CNBC. Podcast Squawk Pot in these times of uncertainty. We WanNa make sure we're bringing you our listeners. As much information as possible as quickly as we can. That's why we're sharing with you now a CNBC special report markets in turmoil. Listening good evening. I'm Scott Wapner on day. One hundred twenty three of the corona virus crisis new information tonight on a key drug to fight the virus as the nation moves closer to reopening stocks are under pressure the best month for stocks since. Nineteen eighty-seven comes to an end but questions persist about the rally and our ability to stop the virus. What we found out is just a little piece of the puzzle. Also tonight when we take a step forward we don't want to take two steps back. One business owners plead to his State. We're not ready to reopen this. Cnbc special report markets in turmoil begins right. Now here's Scott Wapner. Welcome good to have you with us on this Thursday night after the biggest month for stocks in a decade. Let's get to our first look futures right now early but they are lower following lackluster earnings from some big tech names. After the bell today stocks were lower across the board the Dow losing nearly three hundred points but the real story was the month of April. The Dow gaining eleven percent S. and P. Five hundred almost thirteen percent. That was its best performance. Since nineteen eighty-seven you see the major averages putting in that mark tonight the Nasdaq adding more than fifteen percent. It's best month since June of the year. Two thousand there is also new information tonight and the path towards vaccine drug maker AstraZeneca teaming up with Oxford University information on phase. One of their testing is due very soon our farmer reporter make to route following the details for US tonight. High Bank Scott. Well it is. One of the most advanced vaccine programs in development fur-coated nineteen right now. Researchers at the University of Oxford started the first phase of human clinical trials last week and five different centers in southern England with data expected to be available next month. They say if all goes well a later stage trial could begin by the middle of this year. A key question for any successful vaccine though will be the ability to manufacture it at a large enough scale that is where a partner like Astra. Zeneca comes in under the agreement with Oxford. The British drugs giant will be responsible for development and worldwide manufacturing and distribution if the clinical trials. Prove that the vaccine works. Now it's not the only experimental vaccine already in human studies one from dern and the National Institutes of Health in the. Us began testing in healthy volunteers. In March well small biotech company and no view has also said it's begun tests. Several vaccines in China have also entered the first phase of human testing whilst Pfizer and bio tech began trials in Germany last week. And they're expected to start. Us trials imminently a key question for all these potential vaccines will be whether the course of the pandemic will enable efficacy to be proven. It often happens and outbreak scenarios that the science is too slow to keep up with the disease. Many times in the past outbreaks have subsided before a vaccine could be ready to be tested. The development and manufacturing of new drugs and vaccines is also an expensive endeavor and Gilead who's drug desa. There yesterday showed positive results in an NIH. Trial said it spent fifty million dollars on the drug in the first quarter and may spend up to a billion dollars this year. The company's pledged to donate it's available supply of the drug and hasn't commented on pricing plans. After that Daniel Day was asked on a conference call with analysts tonight. Why covert nineteen is different from other diseases? The company does profit from treating like HIV. Hepatitis and flew. There's been no other time like this in the history of the planet than any of us about live. In terms of the far-reaching reaching effects of this pandemic so medically from a patient perspective most importantly but also economically and so I think there is no guidebook out there. There is no rule book out. There and day will join us tomorrow morning to discuss that and more on squawk box Scott Meg. We'll look forward to that very much in the morning on squawk box. That's Meg Terrell reporting tonight on the money as always joining us now. Cnbc CONTRIBUTOR IS DR Scott Gottlieb. The former head of the FDA. Dr Dot leaves good to talk to you again. You must first your reaction to this story about Oxford and AstraZeneca teaming up good news. We're going to need more than one vaccine developer to be successful here and the fact that Oxford's teaming up with Astra Zeneca which has the ability to manufacture this product at scale. Because the big challenge here isn't just going to be demonstrating that these products are safe and effective and running the clinical trials but also engaging in a large scale manufacturing this can be required to produce these in quantities sufficient to provide them to an entire population. Astrazeneca has heft. They have that ability so this is a positive development. We need more than one vaccine developed. It'd be successful here. We need multiple vaccine to be successful across the world if we're GONNA have enough doses to supply the entire world and also the low and middle income countries that locked out of this race right now. There's a lot of exuberance last evening. Plenty of opportunity today for some maybe to walk back. Some of the expectations of having a vaccine ready as quick as some of the timelines have said through this operation warp speed for example though Dr Falcone this morning on the today show certainly didn't back down. Is it really possible to have a vaccine Dr Gotlib by January? Well we're probably GONNA have by January. Is Vaccines in sufficient quantities to run very large scale trials. So we have outbreaks in American cities. We'll be able to deploy thousands probably hundreds of thousands of vaccines in those cities. I run kind large trials that we're going to need to do to prove that these vaccines not just are effective. But that they're safe. In terms of having sufficient quantities to inoculate the entire population. That's really a twenty twenty one event and hopefully we'll we'll have it in time for twenty twenty one but it's unlikely to be available before the end of this year but we could have tens of millions of doses before the end of this year if you if you see multiple manufacturers being successful because each manufacturer could probably produce millions if not upwards of around ten million doses and so you have involved fires of the company that I'm involved with. You have a couple of small biotech companies engaged to no fee. Gsk's engaged now you have Astra Zeneca J. and J. Working on an ad no viral vaccine. These are large companies that know how to manufacture at significant scale overall. How would you describe your own level of optimism about where we are in our fight against this virus tonight? I'm very optimistic. And we're making very rapid progress and trying to drug this this virus and there's nothing particularly complex about a corona virus. That would suggest that. We're not going to be able to develop an effective therapeutic vaccine against it. We haven't had a vaccine against the corona virus before but we haven't tried really except for SARS emerge typically corona viruses caused common colds. And we haven't really sought vaccines for them. We already probably have one antiviral drug. That's effective not a home run but a drug that looks effective in severe. I think we're GONNA have antibody drugs by the fall. At some point this fall that starts to be the makings of a pretty potent toolbox. Those are the first generation products and so we'll see second and third generation drugs come online. The entire by pharmaceutical sectors really focused on this intently. And I think we're making very rapid progress and so I'm optimistic that we're going to have therapeutics. Never seen anything like it really. Let's move from Therapeutics and vaccines to talk about more reopenings Georgia now set to lift a most shelter in place restrictions tomorrow. Is that a good idea. Well look I think what's taking shape in this country is that we've reached a plateau in the number of infections at about thirty thousand a day. We're bouncing around. But is that about three thousand a day so you have to assume about three hundred thousand infections a day in this country because we're probably diagnosing one in ten infections to one in twenty infections and the number of deaths has plateaued as well. I think we're likely to bounce around on that plateau for a sustained period of time and the risk we face by reopening isn't necessarily that we have very rapid surge in infections and run into another epidemic but we never really snuff out the infections that we have smoldering infections all through the summer. And if that's the case if we continue to have three hundred thousand infections a day by the time you reach September first upwards of fifteen percent of the US population will have had corona virus. And so you starting to get pretty significant proportion of the population. I think that's the risk we face by some of the reopenings that we're seeing when you still see cases going up now Georgia. The cases are going down in recent days. But they're still not testing a lot and so you don't know how reliable those that data is but they haven't seen the kind of sustained declines that we've all said at the outset that you'd want to see to try to safely reopen an economy. We've had this conversation about Georgia. Numerous occasions you tweeted a few days ago that they were still having an epidemic there that cases were on the rise. Though I saw today you did say that. They've seen a big improvement. It seems like a fairly short period of time to have some level of improvement. No improvement was in the model that model that everyone looks at from Washington state and that model is just based on trends. And so what they're doing is they're looking at current trends fitting lines curves so they're trying to project from what the current trends are so. Georgia has shown in the last week of reduction in the number of new cases on a daily basis. Some events probably improvement some of. It's probably under testing Georgia ranks in the lower echelon of states in terms of the testing that. They're doing their population. So it's unclear whether or not the epidemic Israeli subsiding in that state. When you look across the country you see a lot of states probably about twenty five states. Where the epidemic is rising in terms of the number of new cases on a daily basis. So the number of cases being diagnosed on a daily basis is actually going up. Some of that's a function of the fact that we're testing a lot more so we're capturing more cases but some of it's also a function of our seeing expanding epidemics in a lot of states. Now that's said many of these states are states with a very low number of infections. So they're going from one hundred infections of data one hundred ten to one hundred twenty so they're not states that had a big epidemic to begin with but nonetheless it just shows that we're really not through the woods yet when it comes to this national epidemic New York showing a lot of improvement and that distorts the national figures but nationally. You still see a lot of states with a lot of spread. What do you think about New Jersey's plan to open golf courses and parks this weekend? Is that a good idea. I think it sound for the states to try to contemplate what they can do to give people a sense of normalcy again. And the first thing you can do is try to open back up. Recreational activity done outdoors. We know the risk of spread is lower. I've been advocating and talked to a number of local officials about the idea of trying to move things that are traditionally done indoors outdoors and so two extent that we want to restart religious services holding them outside. We want to restart gym classes holding those outside. Even as we contemplate reopening restaurants lifting local ordinances that make it easier to businesses to try to move some of that business outside maybe closing blocks and sectioned off more real estate more public real estate for businesses to try to open up at venues outside. That's not going to be foolproof but holding these things outside does reduce risk and. I think it's important that we try to start reintroducing activities that give people a sense of normalcy about their lives and the first thing to do really is to put the nets backup in parts. Let's let's finish by discussing the origin of this virus If we could. Our Intel is apparently ruling out now that the virus was either man made or genetically modified. They're still said though to look at whether the virus was accidentally released from that lab in Wuhan. Where are you tonight in your own mind on that topic? We might never know if we can't get access to the source strains or the early index cases. We might never know where this virus came from. We know that lab in Wuhan was doing experiments with Corona virus retrieved from bats. We know that lab was sloppy. There's been a lot of published articles going back years about that lab calling into question their procedures and so the possibility that someone might have accidentally infected themselves with a virus and walked it out of that lab by accident certainly will remain and I don't know that we'll ever be able to fully dispel that. I don't know that it's the leading theory but is going to remain the theory. China's certainly has some capacity to dispel that. They don't seem to have taken steps to do that. You would know probably if this was engineered and it would be bad bioweapon. I don't think anyone engineer a bug like this as a bio weapon but we would probably be able to tell from the sequence if there were changes made that look man maiden deliberate but the possibility that this was an accident a lab accident that somewhat accidentally infected themselves then went on to propagate the infection. I don't know that we'll ever fully exclude that. Appreciate your time as always Dr Gotlib. Well thanks a lot Scott Gottlieb busy. Cnbc contributor of course the former head of the FDA. Let's give you more details now on exactly what? George is doing Georgia's Governor Today. Signing an executive order allowing the states shelter in place mandate to expire tonight for most residents and allowing all businesses to reopen tomorrow with certain restrictions. Georgia was one of the first states to reopen some businesses last week and now more than half of the United States will be reopened in some form by the end of this week. Well some businesses in Texas will reopen tomorrow as well but some owners say it's just too soon or is the owner of local Doro a restaurant in Austin Texas. He met with the city's mayor earlier today as one of the leaders of a coalition to discuss the challenges of reopening Adams. Good to talk to you tonight. Thank you so much for being here. Thanks for having me Scott. When are you prepared to reopen? Do you think well we're definitely going to give it a couple of weeks to see what this twenty five percent capacity? Rule does in restaurants and in the state I think a lot of people are looking at may eighteenth which is when the governor announced he would be moving into phase. Two and restaurants would be open at fifty percent capacity. It's likely that even at that point we'll start at twenty five and slowly ramp up just to make sure that we're following all the protocols and all the guidelines that we're trying to develop now some of the conversations center around if you can only have twenty five percent capacity as a restaurateur is it even worth opening for all that you'll have to deal with. How do you address that? Our restaurant would not make a whole lot of sense at twenty five percent a lot of restaurants where you are Buying perishable products where you're cooking things to order Where there is any where there's that are service based models are not GonNa make sense at twenty five percent you you have to have too much labor and there's too much food cost and there's too much risk things going bad on so no it's it's not worth it financially. It's not really worth it financially. At fifty percent either there are some businesses where it does make sense. I think places that are You know that are doing a lot more reheating that are cooking. That are that are that are using a lot of frozen food. So they're not They're not as concerned about things being perishable. That are doing things from a salad bar. Set up or from counter service setup There are some places where twenty five percent makes more sense I think those tend to be places that are concepts that can be that are more franchise that are more changeable and that that have a better capacity you've dealt with us on a number of things down there obviously you've got a university that's closed. That's probably a considerable amount of business. You get south by southwest was canceled. Can you just give us an idea of how your business has coped since all of this happened? What's happened to your employees and how you've dealt with it if you applied for assistance from the government sure We closed for We went down. Take out the day before the mayor. The mayor's order to go take out and then we did that for nine days And it was just we weren't it didn't feel safe. It felt like we were making too many decisions on our own. There had been no guidelines About what to do with landlords what to do with utilities what to do with taxes. There were no there were very few health and sanitation guidelines. At that point everybody was. We were still in the period of You know Don't touch your face And and Wash your hands so we stopped To try and gather some more information and figure out a better way to run the business that would decrease contact. We have a We use a direct primary care provider for our for all of our employees and we consulted with our Dr to talk about what he thought made sense so we opened up again three weeks later in a different takeout model. We had laid everybody off and I'm in constant contact with my employees trying to make sure that they're getting their unemployment insurance which is just about a full-time job. And and we did. Apply for assistance We have appea- loan but that is definitely not a cure all And I'm happy to talk about some of the issues with the loans. Well we've certainly been following it from the very beginning. We know the challenges that restaurant owners and operators like you have faith. Just ask quickly before I go. Will You pay rent tomorrow? May I? We are trying to We HAVE RTP LOANS. And we're we're trying to make sure that we keep up with with our expenses. We if we open when we do reopen we want to be in as we WANNA be in his little as possible. We understand we feel your pain. We spoke with a number of restaurant tours. We know what you're going through. We wish you well. We'll check in with you again soon. All righty thank. You got all right. Adam you take care that's Adam Orman broken down in Austin Texas this NBC special report markets in turmoil is just getting started next tonight. A company that advises stadiums like Madison Square Garden and Yankee Stadium on what they have to do to make sure the fans are safe when this is all over plus a comedy club owner with nothing to laugh about in their own words next before the break images from around the United States on the one hundred twenty third day of the Perron virus crisis if you WANNA learn more about one of the fastest growing trends in investing. We've got the PODCAST for you. It's ETF edge. Bob Is Johnny. Join me as I'm joined by top market participants help you build your best portfolio at the end of each episode stick around for our markets one. Oh segment where we round out the conversation to help you better understand. Etf listen now and subscribe for exclusive content not heard on television. You want even more tweet us at he edge. Cnbc have you back with us. Husband and wife Entrepreneurs Vicki and Vinnie brand run restaurant comedy clubs in New Jersey and Connecticut. They shut their doors. Seven weeks ago laying off sixty employees including Vicki zone. Mother a couple now shares. Their story tonight in their own words this one of the biggest tests that we have ever been under both professionally and personally rigo. Ms Be very intensively that we were when he gets Roman. This is going to be one of the tests. In order to run. The storm wear layer months having to lay off your seventy one year. Old Mother is a difficult and heartbreaking task to undertake a lot of our employees live. We tweak so to come to them with notice and say we have to shut our doors for the greater good while everyone understands it is really a a painful emotional message to bring everybody very very comfortable where the storm and we've got the brands. Tell us they applied for the first round of SBA loan money with no luck. They are holding out. Hope though a lifeline might come in this round two well here are the headlines on the virus on Day. One hundred twenty three of this crisis. Macy's planning to open some of its stores on Monday. Expecting all seven hundred seventy five will be opened in six weeks British prime minister. Boris Johnson says the U. K. Is passed the peak of its outbreak and starting Monday United Airlines will require all employees and passengers to wear masks or face coverings onboard all of its planes and the Navy Hospital Ship Comfort leaving New York City earlier today exactly one month after arriving the ship which treated one hundred eighty two covert patients during. Its stay heading back now to its base in Virginia April. Usually one of the busiest months pro sports baseball begins as the NHL and NBA. Get closer to play off time this year. Of course everything is different tonight. We're learning about what sports will look like as the pandemic eases. Dr Andrew Bazo says the founder and managing director of Crowd. Rx which provides medical services and advice at live events of Mr as good to have you here. You know what seemed like such a normal exercise just a short time ago now seems impossible. How are we going to deal with the path? Forward the other side of this crisis as it relates to attending sporting events. Well we're going to Trenton to apply some science in place of reason and help ultimately help the business vehicle in Stadium. Operators make the right decision With the informed consent from all the medical at expertise that we have to offer on cracks is invented medical company. And Right now. There are no events going on so we had hinted to position of trying to get our venues and stadiums in workforces. Back safely to what we do. In Normal Times fortunately our parent company Global Medical Response Roaches thirty thousand first responders across the country. Is there on the frontline helping us every day until we get the front line situation Restored we can't move forward with fun events. I know we're talking about getting back to sports entertainment but there's nothing funny about what are our staff is during on the front lines right now. No matter what side of the curve. Were on so Before we go into a the event side of this I just want to send my thanks to all fellow. Boys that are going through step for We do as well. Do you anticipate crowds being able to go into arenas or even a willingness to go until there's a vaccine to treat this virus well I think there's different levels. I we have to get a government approvals and go with our federal and state and local leaders in their restrictions in their return to a game on game on a plan of first and foremost depends upon of these phases that the government will outlay. But we're trying to get ahead of them with protocols that once it happens we will meet standards set by the state in municipalities but have higher standards internally. Because I think you hit on the head. We need to make spectators comfortable coming events. Even if you're allowed to go we want people to feel comfortable as such. We formed this comprehensive platform to do everything. Cancer Mitigate the risks of being in a crowd what. What's the experience? GonNa feel and look like do you think I think there will be more rigorous screening techniques right. Now everybody's familiar with magnetometers. The familiar with drugs. They think dogs. I think there is definitely going to be another component to that right now. We're doing a lot of thermal screening lifting for fevers in in the workforce people returning to work Large companies drink a lot worth large companies. That want to get a safe workforce end so I think we'll see a component of thermal screening I think we'll see a component of checking other parameters for example oxygen. Saturation is been used as a hallmark for underlying disease. That may be there. But I'm hopeful that we will have some rapid screening techniques available to us and I know it's been talked about testing testing testing. I do think that is going to happen in a big part of clearing the way for spectator sports to zoom looking at your clients. Madison Square Garden the Yankees the US openness may sound like a trivial question. But could you imagine? Could you have concessions in an arena? Would you recommend that? Is that something that could could happen. Well first and foremost and medical companies so we will be using medical reasoning ironically. I'm training a major. College was molecular biology. I never thought used again. But we're going to support business decisions with science and medicine and we're not going to be making those decisions about where you can have a beer. Take a mask off. I'm we're going to lay out. The risks and the benefits of all those activities in concert with governments in municipalities are recommending. I as a sports and entertainment AFICIONADO and hopeful that we will get back to all of that and get all act all of it quickly but there will be some risks and there will be some blips on the screen as we do that. We will see how it all shakes out. The duct obeys us. We so much appreciate your time and the work and that of your employees. Thank you very much. We'll talk to you. Dr Andrew Bezos joining US tonight. Here's what's coming up on the CNBC special report markets in turmoil. Don't expect to be back to normal until we think it is safe to go back to work. There are going to be changes to How we run a restaurant. America's corporate leaders. Ceo's from major companies. On what they think is next for this country's economic path forward plus a top leader of one of the biggest public school systems in the world on where they stand and whether summer school for all is a possibility and incomplete. Here one woman story of how the viruses forcing her to pick up and leave her dreams behind this. Cnbc special report markets in turmoil is coming right back. It's safe to say that there are going to be changes to nine. Top CEOS on the path forward plus. Everybody remembers going to the school cafeteria. What happens when you change the clad? Everyone's all marching up and down the hallway problem our schools ready to open their doors and Bindi back window here just in survival mode one woman's flight from the virus and a path forward to a very different life this CNBC special report continues once again. Here's Scott Wapner. Welcome back stock futures sharply lower this hour following some tepid earnings results from the likes of apple and Amazon. After the bell comes after a down day for stocks the last one of April it was though the best monthly gain in thirty three years for the Dow and the S&P since two thousand four. The Nasdaq those. Strong April gains clawing back a lot of the big losses through March. The averages are all more than thirty percent off of their march. Twenty third lows at this point another big day for many of the country's biggest chief executives on this very network. Here's what they're saying. Now about the state of the American economy and our path forward. We're considering a phase in at the right time again. We gotTA harmonize Federal State and local kind of responses and what our actual experiences to the corona virus. But we have a phased in approach and I look forward to the day things get back to normal. We're working safely. We're sharing those best practices with governments around the world. We think it is safe to go back to work and and we're going to start to demonstrate that. I think it's safe to say that there are going to be changes to how we run a restaurant coming out of this to make sure that we're able to provide a safe environment having purposeful program where people will stay with our brands as things. Get back to normal when they get back to normal and how quickly that happens. Obviously it's going to be staged. Nobody really knows but we can expect that people will be eating. More meals at home For quite some period of time we don't expect to be back to normal until at least September first and we're not going to expect or hire employees to come to the office. The Governor of Texas is starting to slowly reopen the Texas economy. It will slowly start phasing in people back into the office. Been Coaching them to continue to work from home. Dunkin's been a business. That's again low touch high frequency affordable ticket and we think whatever the reality is going to be that model plays well with what the consumer is going to be looking for in addition to those safety measures which we view is really investments. In the future meantime California Governor Newsom saying the state is considering a late July or early August restart date for students who've been practicing distance learning since mid-march due to the virus with tonight Stephanie. Gregson she is California Department of Education. Chief a deputy superintendent. Dr Grayson's good to have you tonight. Thanks so much for being with US thank you for having me so July or August restart that would be earlier than a September start. Well a lot of our schools in California actually do start in August some the beginning some of the middle in some of the end interesting. How has distance learning been going distance? Learning I six point. Two million students across a very large state is always a complex approach to take and so one of the main issues. We've been working through is digital divide ensuring that all of our students have access to devices and broadband seat superintendent. Tony Thurman created an Ad Hoc Committee on closing the digital divide. It's a task force. That is really working with Internet. Service providers are legislative members to work through how to decrease the barriers for students to have access to devices and broadband You know we know that broadband access needs to flow like literacy for all of our students to engage in distance. Learning approach for a challenge. Are there some children within your district? Who who don't have ipads laptops desktops. Things they need to to communicate. Yes we have over three hundred thousand students without devices and over two hundred ninety thousand students without access to broadband across the state and that is why we are working so diligently to get devices into their hands and to really send that message to Internet service providers to work with our low income families to decrease the barriers for that access. Trying to wonder how you have such a monumental task as you look towards the new school year of even thinking about how you'll send your kids to school. How will all send our kids back to school through transportation? How teachers will be thinking about that with classrooms will look like how are you tackling all of that? So first and foremost we're working with our partners. We're working with the governor's office the California State Board of Education all of our education partners and really looking at. What are the questions that we need to answer in order to be able to open school safely because that is first and foremost for us is to open schools in a safe manner where students families and teachers feel comfortable walking on campus and being able to learn? What's the average class size in in the state? Do you know that number off hand? It ranges from elementary grades to having twenty students to high school classes that may have forty students. It really is a range. You thinking at this point about how you'd be able to distance students from one another with inside a classroom. Well I think we're all know that kindergarteners first graders will have a really hard time staying six feet away from each other so we really have to think through what that would look like and in order for them to be safe at school in for their their teachers as well. I was GonNa ask you about the teachers. How are they coping with all of this? And how do they feel about a return to school? What would you do to ensure their safety? You know. Our teachers are amazing. A pivoted on a dime to be able to provide connections in opportunities for their students to continue learning and they miss their students. You know as a former teacher that that student teacher connection was always first and foremost in my mind and it is for our teachers across the state so they are anxious to see their students again but also want to ensure that everyone's safe that includes themselves and the students. We wish you well big task ahead of you Dr Stephanie Grigson. We'll talk to you again soon. Thanks so much. Thank you so much. There's more ahead on this. Cnbc special report markets in turmoil. Next tonight what one. Emergency Room doctor. Not far from a mid western meat packing plant is seeing. We'll take you out of America's big cities to show you. What's happening next class? I who murdered a woman. One of many who's making a permanent lifestyle change because of the virus before the break images from around the world on Day. One hundred twenty three of this global plan back health officials in Nebraska trace more than two hundred thirty corona virus cases to a meat packing facility in Grand Island Nebraska. That's where we find Dr. Nick Kill Jagan. He is a critical care specialist at Saint Francis Hospital. Dr Jagan appreciate you being with US tonight. Absolutely thank you for having me on. We mentioned you're near this meat packing plant. What have you seen? Have you seen patients who've gotten sick at that plant? I'm not going to go into specifics. Wide Variety ruled what? Yeah we've been seeing folks from all walks of life work in different places and all age groups so let me ask you this. Based on what you've seen. The president has described. The industry is being thrilled and even Gung Ho at his order that they must stay open. Do you think the plant near you should stay open if that many people are getting sick. Obviously I'm I'm not not an expert when it comes to what stays open and what stays close but at least from what I've been seeing ill patients in the ICU. When when they do get sick they get. They get really really sick. And that's what we've been seeing over the last or divide weeks but at least over the last few days an light at the end of the tunnel where we've seen things slow down a little bit more folks get better folks get off ventilators. So cautiously optimistic. Say Yeah I mean just describe for me. The scene of we talked so much here. We're in the New York area. We talk a lot about New York New Jersey Connecticut the East Coast and we talk about the West Coast for for obvious reasons. Given the size of the economy and the states of their. GimMe a real world view though of what it's like on the front lines in a state like Nebraska. What a hospital looks like right now so it is? It's a very dynamic process it. It changed pretty much on within a few days and it's on a day to day basis and we will well prepared we. We had all the planning in place that if this did happen what we would do and we went from maybe one to ventilators to pretty much filling up the ice you within a few days fourteen to sixteen Patients ON VENTILATORS. People get very sick and it's very way everybody has very little oxygen levels and and kind of happens very rapidly so we we adapted quickly. It was a lot of learning and and it was kind of way and it happened. And it's been it was ongoing over the last few weeks so in terms of ages of the patients you're seeing are. Can you tell us a little bit about that? A lot of younger patients. How's it look? It is very surprising. We've seen all age groups. I've seen folks in their twenty s to folks in the sixties and seventies which kind of initially where we're seeing a little more of the older folks who have a lot more bettys but in the last few weeks we've been seeing younger as well. It equally ASCARI. No doubt now let me ask you. Lastly a lot of optimism in the last twenty four hours and maybe a couple of weeks on Gilead reservoir a possible therapeutic to treat corona virus. What do you think about it? And would you prescribe it yourself based on what you know now looking at the data and what's been coming out has been encouraging so definitely as with any study you've got to go into the details associated with it the pros and cons and I think it's got to be tailored to every patient because every patient's inference that we've got to look at the risks and benefits though I'm still waiting on more data come out and I think it is very very important. We appreciate your time so much Dr J. We wish you well your colleagues as well grateful for all that you're doing absolutely thank you take care while she came to New York with a dream but the virus is forced her to make a big change. One woman's path forward is coming up. Next the United States air force band performing I'll be seeing you with allies across the world including Japan Brazil and Australia on this International Jazz Day Song popularized during World War Two and was chosen to send a message of quote conviction and hope cross the world tonight. One woman's path forward is due west after trying to make it in New York. The viruses now forcing her out. Diana Olek has her story tonight. Lindsey Martin will move to New York City. Because in her words you go big or go home. Now she's going home to Tulsa Oklahoma. She had turned down a program last year called. Tulsa remote that pays professionals to relocate there. Last week she changed her mind. I I heard about Tulsa remote last summer and I decided to fire hall and then was a finalist and accepted and just kind of got cold feet now. New York obviously has so much to offer And so I. I decided not to do it. And then cove nineteen happens Brooklyn and became a really scary place fee. I found that was still the same. And you know what what am I paying for? Everything is closed and so I reached out again and said Hey would. Would you all You know give me a chance to to to make this move And they said yes packed up on that I actually still need a schedule to get sent. Its full and I bought a car. I mean I was living in complete here and I'm realizing that even more so now that I'm away was I was driving away from the city. I just felt this overwhelming relief. I mean I was so tense and scare. I mean my neighbor died. Who was always telling my dog high. I mean friends were seeing bodybags from their windows. You know and you're just in the survival mode and I just I just was You know things in New York are not easy. And that's some of the the charm you know even mailing a letter you have to kind of. It's not so easy and so With this interesting just became way too difficult and just absolutely just terrifying. How do you justify paying that rent? When like I said everything's closed or your Even go to the grocery store and so people are going you know if they have access to like vacation home or Just family members or whatever you know. They're trying to get get out and leave now. Tulsa remote says applications for the program have doubled in just the last month Diana Olek. Cnbc on day. One hundred twenty three of the corona virus crisis here are the latest headlines Tonight. Nearly four million more Americans filing for unemployment last week making it more than thirty million in the past six weeks. Gilead says it can produce several million rounds of. It's possible treatment. Room does aveer next year and the Dow and the S&P five hundred posting their best monthly gains since one thousand nine hundred eighty seven. We'll take a look at how may may get underway with. Give some back if it opened right now from all of us here at CNBC. I'm Scott Wapner. Please stay well and be safe. The Air Force Band is GonNa play us out tonight and then shark tank is next Free these honest if you want to learn more about one of the fastest growing trends in investing we've got the podcast for you. It's ETF edge. I'm Bob Azzoni. Join me as I'm joined by top market participants help you build your best portfolio at the end of each episode stick around for our markets one segment where we round out the conversation to help you better understand. Etf listen now and subscribe for exclusive content. Not On television. You want even more tweet us at. Etf EDGE CNBC.