It's Thursday, April 2nd.

Welcome to Market Foolery.

I'm Chris Hill joining me today from Florida.

Mr. Dan Klein.

Dan, how are you holding up?

Hey there, Chris, I'm going to get a little cabin fever, but glad to be getting to work so much,

which is obviously something not everyone can say.

Absolutely, and we're going to start there.

We're also going to talk about what is happening with Luck and Coffee as well as the latest from various forms of entertainment.

But let's start with the unemployment numbers. And for anyone who is blown away by the increase

we saw last week, you get to be blown away again

because 6.6 million people filed and so we're at 10 million in just two weeks

stand this is look I didn't expect it to go down from the 3.3 million. I got to be honest though I didn't expect it to double

from last week. So I did expect it because with the $2 trillion bailout being passed, there are provisions for expanded unemployment for up to four

months.

So a lot of companies that want to come out the other side of this that are closed, you know,

Ross Stores, TJX, a much more threatened company,

J.C. Penny, have furloughed their workers rather than using their cash reserves to pay

them off and keep them employed for a week or two

because they want to be in a position whether it's two months or three months or

whenever to go back to work and I think higher-end retailers like Macy's might

struggle in the first days because obviously you're not spending a lot of money if you haven't been working even if you were collecting.

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