Jobless claims jump nearly fivefold from the record set in 1982, and Fed Chair Jay Powell says “The Fed is not out of ammunition.” We look at what that all means for the markets and the economy. Plus, a new test is making its way to the U.S. that can not only detect Covid-19 but also 20 other infections with similar symptoms. The CEO of the company that makes it joins us next. And, more and more restaurants telling their landlords they won’t be able to pay the rent come April 1st. A look at the impact that could have on already struggling malls.

A massive rally on Wall Street on hopes for a stimulus plan but can this rally be trusted? We look at where you can find safety in the markets amid the volatility. Plus, Morgan Stanley sees a 30% drop in second quarter GDP. The Bank’s Chief U.S. economist tells us why and what else we should be bracing for. And, social distancing is taking a toll on the housing market with thousands of refis and home sales in jeopardy. To work around this, some senators have introduced a bill that would make closings electronic. We have the details.