Tough Week for Stocks, Retail Woes, Oil Bouncing Back, Verizon CEO As They Pull Their Guidance

Carl Quintanilla, Jim Cramer and David Faber discuss the rough week for stocks and the historic rout for oil. Retail woes in the world of covid-19 as reports J.C. Penney is in advanced talks for bankruptcy financing. Verizon withdrawing its full-year revenue outlook as it lost 68 thousand phone subscribers who pay a monthly bill in the first quarter amid lockdowns that closed 70% of its stores. The CEO of Verizon, Hans Vestberg, joined the "Squawk on the Street" gang to discuss earnings, the road ahead in the wake of covid-19 and the future of 5G.