Stocks Skyrocketing to Close Out the Week, Virus Treatment Hopes, Consumers Stock Up

The "Squawk on the Street" team digests the news moving the market. Stocks surging to close out the week as hopes of a treatment for the coronavirus comes to light. Shares of Gilead surging after a report that a Chicago hospital treating coronavirus patients with remdesivir in a trial were recovering rapidly from severe symptoms. President Trump rolling out his three phase plan to reopen the U.S. economy. Plus, Procter & Gamble reporting results with U.S. sales surging 10% as consumers stocked up on goods ahead of the peak of the outbreak.