let's bring in lenovo north american president matt zielinski. your story is really interesting because what you were able to do was almost shut off valves, manufacturing valves, and ship them around. explain how that worked and give us some examples of what you had to do when your shenzhen operation had to shutter. >> sure. look, lenovo has for a very long time had a reputation of having one of the most advanced supply chains in the entire industry, and the fact is we do business in 180 markets around the world and have manufacturing sites around the world in about 18 different countries so when something like this occurs first in china, we can immediately pivot to places like brazil, like india, like mexico, to allow for time for the supply chain to get back to a steady state environment in places like china. and we are extraordinarily proud to say that all of our wholly owned factories are back up and running in china and as you know, we own more of our own supply chain than anybody else which is also a nice advantage in this case. and the bea

background, your father is well known in the business world in china, he was father -- the founder of lenovo. did he say you needed to go into something computer-related when you grew up? jean: not really. david: no pressure to get into the business? jean: not at all. david: he went to peking university and majored in computer science -- you went to peking university and majored in computer science. jean: yes. david: are there more men than women in computer science? jean: we have 36 students and 30 of them were men. david: you graduated and presumably did well but the new left china to go to harvard. was it hard to get into? jean: it was hard to get into, yeah. david: you went to harvard and got a masters in computer science. did you find it was harder or easier than you thought? jean: i would not say harder or easier. at think it is more interesting, and my key purpose to go abroad is to see the world and meet different people and it was rewarding. david: your english is, by my view, perfect. jean: not really. [laughter] david: pretty good. did you get this at harvard or china? jean: i thi

for work place productivity you need lenovo, and it orchestration by cdw. people who get it. >>> welcome back the number of u.s. cases has surpassed 240,000, and the death toll surpasses the 15,000 mark >> here is the latest. jpmorgan chase has temporarily suspended small business loan applications copresident says the bank has been flooded with more than 375,000 applications more than any other bank since the launch of the aid program. >>> virginia ingalactic announces their oxygen hoods are ready for testing. shares rose 2% on extended trading on that news >>> announcing 20,000 of their shops are now selling face coverings. they can produce hundreds of thousands of masks per day the company began to see overwhelming demand after the cdc recommended that americans begin wearing some type of covering back to you. >>> congress is set to take up a new round of funding to provide billions in fresh aid to this country's small business owners. for many owners still trying to get access to that money, there may be an alternative option kate rogers joins us now wi

lenovo is a company he basically built. does he give you advice? jean: went bis of it -- one piece of advice i got and benefited me was he always said life is supposed to be hard. -- incidents, it is frustrating if you are helpless and hopeless like what happened last year. i remember my father told me life is supposed to be hard. i think that made me more resilient, stronger. david: what would you say you are most proud of having achieved is the president of didi? jean: i am most proud that we yearroviding 10 billion a and serving a need and creating income for tens of millions of drivers. -- be proude view team with a resilience and commitment and people feel this is the right thing to do. ♪ you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy step

for work place productivity you need lenovo, and it orchestration by cdw. people who get it. >>> welcome back let's get a check on the markets. we have a big broad based rally today. the dow up 5.6%. just under 1200 points similar increases for the nasdaq and s&p. this coming off again just a difficult stretch for the last couple of weeks. all 11 sectors higher today led by utilities, materials and consumer discretionary within the dow all 30 names higher american express, boeing, visa and dow, inc. are the big winners. retail is also leading the s&p today. capri holdings, kohl's, nordstrom. 25% or more in some cases. huge rallies and pushing the markets up more than 5% today and not oil. oil itself is down about 6% and it's on track to break a two-day win streak this is coming despite report that is a deal might be closer for russia and the saudis. lets's bring in brian sullivan to explain, brian, what is going on in the oil market these days. >> i hope i can. because about 600 things going on, kelly. so the saudi/russia deal that the president referred to

lenovo is a company he basically built. does he give you advice on what to do? jean: one piece of advice i got and benefited me my whole life was he always said, life is supposed to be hard. incidents -- it is frustrating. you feel helpless, hopeless, like what happened last year. i remember my father told me life is supposed to be hard. that makes me more resilient, stronger. david: so far, what would you say you are most proud of having achieved is the president of didi. jean: for the company, i most proud we are providing 10 billion trips a year and serving all types of needs. we are creating income for tens of millions of drivers. what makes me proud is that we have a team with resilience and commitment and people feel this is the right thing to do. ♪ announcer: the following is a paid program. the opinions and views expressed do not reflect those of bloomberg, it's lp, or its affiliates. announcer: this is a paid advertisement. coins ands for bullion are unregulated. pest performance of a coin or market cannot predict future to performance. this is the vi

for work place productivity you need lenovo, and it orchestration by cdw. people who get it. >>> higher by 1. % nasdaq up 1.6. awe sector were high e energy, real estate, utilities at the bottom of the pile, but as i said, all sectors finished in positive territory. >> energy the only one though to finish positive for the week the business of sports in the u.s. normally generates billions annually, but it's almost completely shutdown due to the coronavirus. now athletes and sports teams are adjusting to the possibility of playing in empty arenas and stadiums indefinitely. joining us now is kevin durant's business partner and 35 venture's cofounder. rich, thanks r for being here. good to see you. >> good to see you thank you for having me on >> first, give us an update on how kevin's doing. early diagnosis of coronavirus >> yeah, he was one of the first athletes was announced with having the virus, so it was really scary the it's scary in general, but at that time r, it was really scary and i think kevin was dealing with the unknown but he was fortunate in t

as it relates to the broader procurement, it's over 70,000 units of laptops, surface pros, lenovo, chromebooks, so each and every one of those individuals and groups has provided and procure different units, different equipment. and all of those we will make public. all of them will be part of this press release that we will put out right after the conclusion of this press conference. >> samantha solomon, abc 10. reporter: hi. i have two questions. first, hundreds of people are gathered outside the capital right now to protest the lockdown and demand california reopen for businesses. this is frustration by personal economic hardship and job loss for a lot of these people. what do you want to say to these protesters specifically? and second, the chp granted a permit for this gathering outside the capital, with the original applicants saying there ill be 500 participants. why would the chp granted a permit for the gathering of 500 people during this time of social distancing? law enforcement agencies say they've enforced this public health order. gov. newsom: i will leave that to chp to answer,

other ones, lenovo looking at upgrading computers. yvonne: when it comes to names in hong kong, you are staying broadly when it comes to airline stocks, travel groups. when it comes to hotels, you are seeing a little bit of a differentiation. what else are you looking at? --the hotel groups , once them wise over. restrictions are another one that is a little bit of an outlier, they are expecting a baby boom because of all of these people staying at home. tom: andrew sullivan, thank you very much. looking at a baby boom toward the end of the month. also favors tencent and alibaba. talks, fresh debates emerge. we will look at what is behind oil's renewed slump. this is bloomberg. ♪ >> we think it is highly unlikely but we are planning for the worst case. ♪ opec and its independent allies have delayed talks on the oil price. fresh divisions emerged. saudi arabia and russia indicated they want the u.s. to join any agreement on curbing production. but president trump had harsh words over the weekend. again.on again-off a little optimis