Reopening the Economy Jitters, Retail Woes, The Second Depression, Treasury Secretary Mnuchin

Published: May 11, 2020, 2:17 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber discuss stocks falling to start the week amid jitters about reopening the economy too soon.\\xa0Oil moving to the upside after Saudi Arabia says it will cut its oil production by an additional 1 million barrels per day.\\xa0Retail woes, Under Armour reporting results with sales plunging 23%. Billionaire hedge fund investor Paul Tudor Jones commenting on the economy saying it would be in a \\u201cSecond Depression\\u201d if the coronavirus pandemic doesn\\u2019t get contained in a year.\\xa0Plus, Treasury Secretary Steven Mnuchin telling the \\u201cSquawk on the Street\\u201d gang that the administration is unfazed with the federal government\\u2019s historic $3 trillion in spending to combat the impact of the coronavirus thanks to the nation\\u2019s low interest rates.'