Carl Quintanilla, Jim Cramer and David Faber discuss the fall in oil prices over demand concerns with WTI plunging nearly 40%. Shares of Chevron and Exxon Mobil falling more than 5% to lead the Dow Lower. The S&P energy sector losing more than 6% as Occidental and Halliburton both fell more than 10%. Shake Shack returning the small business loan it received from the government, making it the first major firm to hand back money. The company will immediately return the entire $10 million SBA loan as it received additional capital. Plus, the plan to reopen Las Vegas. Wynn Resorts CEO Matt Maddox calling for a mid-to-late May reopening of the Las Vegas Strip, with extensive safety measure in place.
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Squawk on the Street