☕ Good Monday morning.
Illustration: Eniola Odetunde/Axios
Top CEOs, in private conversations and pleas to President Trump, are warning of economic catastrophe if America doesn't begin planning for a phased return to work as soon as May, corporate leaders tell Axios CEO Jim VandeHei and me.
Why it matters: The CEOs say massive numbers of companies, big and small, could go under if business and government don't start urgent talks about ways groups of workers can return.
A return to work might start by geography, demography or type of work.
Reality check: Large parts of the South and central U.S. may not hit their peak until May.
Gary Cohn, the first White House economic adviser under Trump, told us that startup founders and CEOs are pleading privately: "We just need a realistic timeframe, and we need to talk honestly about it so we can tell our employees."
Mark Cuban, owner of the Dallas Mavericks, agreed it's a hot topic of private chats:
Cohn, former president and COO of Goldman Sachs, said entrepreneurs and business titans also worry about the depression and addiction issues that have accompanied past economic downturns:
What's next: Look for business groups to begin to broach these topics publicly in the next few weeks.
Photo illustration: Sarah Grillo/Axios. Photos: Getty Images
Thousands of health care workers in China and Italy have fallen sick from the coronavirus, a warning sign for the U.S., Axios' Caitlin Owens writes.
"Years of honing our clinical instincts — observing patterns in disease pace and trajectory — suddenly seem insufficient and unreliable," Dhruv Khullar, a doctor in New York City, writes in The New Yorker.
This sunbather in London was told to go home yesterday by an officer enforcing the British government's guidance of social distancing:
U.K. Health Secretary Matt Hancock, who has tested positive, said sunbathing was "against the rules" and warned of stricter measures to come, AFP reports:
These are satellite views of Palm Sunday Mass in St. Peter's Square in 2011 (top), and the square yesterday.
Illustration: Eniola Odetunde/Axios
President Trump is working to help an oil industry imploding as the coronavirus crisis chokes demand. But listen closely, and you’ll hear his enduring love for cheap prices, Axios' Amy Harder writes in her "Harder Line" column.
The big picture: Trump often says — wrongly — that the oil industry was doing great before the pandemic.
The bottom line: The irony is that most of us can't take advantage of these rock-bottom prices, since we're locked down. When we can drive and fly again, prices are poised to rise.
Everyone needs to change their mental model of the scope of the coronavirus rescue package, Hamilton Place Strategies partner Matt McDonald tells me:
Why it matters: This event will result in big societal changes, big policy changes, and big political changes, Matt says.
Quibi ("quick bites"), the mobile-only video subscription streaming service, made its highly-anticipated consumer debut at midnight, launching its new app globally in the middle of the pandemic, Axios' Sara Fischer writes.
Axios demoed the app over the past few days. Here are our takeaways:
A tiger at the Bronx Zoo tested positive for coronavirus, in the first known infection of an animal in the U.S. — or a tiger anywhere, AP reports.
In a taped, 4-minute message from Windsor Castle, Queen Elizabeth, 93, invoked the spirit of World War II in a rare address to the nation, Reuters writes.
🇬🇧 Prime Minister Boris Johnson was admitted to hospital for tests, 10 days after testing positive for coronavirus, Downing Street said.
Tonight would have been the NCAA men's championship game in Atlanta.
🏀 Best of the best ... Here are the original AP game stories (gamers!) from the top-10 games in tournament history, as voted by a panel of sportswriters:
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