Stocks drop on Trump Covid-19 positive report — Here's what it means for markets

David Kelly, J.P. Morgan Asset Management chief global strategist, and Diane Swonk, Grant Thornton chief economist, join CNBC's "Squawk on the Street" to discuss what the jobs report and President Trump's diagnosis of coronavirus means for the markets. Wrestling the virus to its knees is critical to sustaining momentum in the U.S. economy, says Swonk. And it's critical to understand there's underlying scarring now that's beginning to show up in the unemployment numbers.