Bostick. The to us about what drove numbers down again today . It seems they are waiting on a stimulus package from the senate. Romaine that is really where all eyes are right now. You saw the market rally in the premarket but all of those gains faded and we ended up down on the day because of the negotiations that have been going on in washington. We had a vote to advance that bill in the senate. That failed to get the 60 votes needed. You saw the market sort of sell off as a result. Mitch mcconnell said that it could be friday before this bill even makes it out of the senate. It still has to go to the house and to President Trumps desk. From there, you still have to get that cash to people. The more time it takes to get this out of congress, the more you will see these market gyrations. The market wants to know who will be helped and how much they will be helped by. Fory it was an awful Day Financial stocks. Romaine this is all about the concern that there is a credit crisis. We have had revolving debt drawn down by corporations. That is not usually a good sign. You typically do not want to see that, definitely not that much, that fast. There are concerns that we are headed to a recession, and pretty much everyone we talked to think that we are, how long can some of the Midcap Companies survive, how long can some of the Smallcap Companies survive . If they cant, what does this mean for their debt . You saw the s p financials down about 7 on the day. The Kbw Bank Index and the Regional Bank index, down more than 8 on the day. They are trading at the lowest levels we have seen in about eight years. Emily in the tech sector, a rally in chip stocks. Maybe that makes sense because of the work from home, the distancelearning. Talk about what is driving that . Romaine the nibbling around the edges seems to be happening in the tech space. The Philadelphia Semiconductor index at one point was up more than 5 . Investorstechnology, saw this as a good sign because it basically assured them that these companies have the liquidity. A lot of these other companies have the ability to get this sort of cash cushion. One benefit for a lot of these chip stocks is that they dont have the kind of debt we see in other sectors like energy, financials, the material it a lot of these companies have relatively low leverage relative to their peers and a lot of people think that once we start to see a little bit more of a rebound in consumption, whether it is from all of the folks working at home and the data and tech needs that requires, that they will benefit when we get an upswing, whenever that may,. Emily i want to bring in jay jacobs, senior vice president. Talk about how you are navigating this. There is really no precedent for what we are going through. Nobody knows how this will play out, so how do you take it day by day, if you will . Every situation will be unique to investors. We are having our investors look to three things. Theres play to sell in a portfolio. This is not been the case in years past. We are telling people to dollar cost average. Dont try to time this market. Volatility is impossible for even the most seasoned investors time accurately. And to look for areas of the market that they have sold off more aggressively. There are some real valuations out there that are attractive now. Emily meantime, Hedge Fund Manager bill ackman was on bloomberg earlier and sounds fairly optimistic. Obviously a volatile market. We can put a hedge on the future. I think the most likely event is we are a long lonely investor, we believe in a country, the country is getting to the right place on this issue. Emily so, talk a little bit about whether you share that sense of optimism. Markets will return at some point but nobody knows how long this will last. The timeframe is the most concerning thing. People do not know how long they will be staying at home. They dont know how long these companies will be staying afloat with emergency credit. The u. S. Economy is incredibly resilient. It has tons of capital. This will rebound. And that can be a real advantage. We had spoken to a lot of investors who were nervous heading into 2020, keeping more cash on the sidelines. If they are looking to invest now, these are pretty attractive valuations if they dont think they need that money in the next 5, 7 years. Time is a real asset if you have cash right now and a real risk if you need cash in the short term. Great point. Is a you have to understand that there is a lot of concern in the market about how deep this recession may be and how long it could go on. For those folks who may be our a little bit nervous about putting cash to work or are thinking of selling out of positions, what is the main selling point you give them to expose themselves to that particular risk at this moment . For longterm investors can stomach the risk, we see this as a transformational period in the economy. He attractive valuations for things like video games, social media, ecommerce. All of these themes have only accelerated in the past few months. People are at home playing games with their kids on their playstation 4. You have baby boomers and the silent generation learning how to buy things on amazon, and facetiming and using twitter. This is a real disruptive moment in technology where more people using these techniques to get through their everyday lives and the Companies Involved are selling at a discount. This is a real Inflection Point that investors, if they can, should take a close look at. Romaine the Global Financial crisis, one of the outcomes was it gave rise to new technology platforms, whether you talk about the sharing economy comedy gig economy. Envision that could be some of these more knology technologyps more sort of leaps that we could make . Jay i think we will be set back on the path. The shift from brickandmortar retail to ecommerce. Only 10 of sales happening online compared to brickandmortar. Automobiles, groceries, those have not really moved online but now i think there is a strong push to do so. People are being forced to really get comfortable with that. The second one is video games. Fourng video games for decades but it is seen as something for teenagers or the generation see, not for adults. If you are a parent stuck on the couch with your kids for the 30th day in a row, you are absolutely going to play an nba game with your kid or a strategy game with your kid. It is a way to have fun on your couch. That trend will only continue to accelerate. You seef that is where the opportunities, where do you think investors should be pulling back . It is not all opportunity when you look across the board. Jay i think there is still a lot of uncertainty. In the materials sector, there is a lot of uncertainty about how much consumption there will be of different commodities. He really want to look at companies that have the cash, have continued cash flow to survive what could be a months long interruption. Unfortunately, that is not a lot of the companies that are heavily indebted. If you look at those companies more on the software side, the ship side, they have cash and they are continuing to make cash flow even in this disruptive environment. More of the physical businesses that are out there right now. Jay jacobs, global x funds vice president. Coming up, we are awaiting this press conference at the white house. We are told that attorney general william barr will be there. We will talk more about what lawmakers are doing right and may be wrong with former house intelligence share mike rogers. This is bloomberg. Emily Health Officials around the world are stressing the importance of social distancing. Closing schools, shutting down work. Bloomberg has learned that President Trump is considering reopening the United States perhaps sooner than some expect despite the rising number of cases. We are waiting for this press conference to start the way out. As far as we understand it, where is the white house and the president s thinking on whether we are ready to reopen again when we seem to be still in the middle of a crisis . That is a difficult question he hasand one that been getting some advice from some rightwing economists in the inner circle that suggests they dont want the cure to be worse than the disease. They dont want the prevention of coronavirus to take the economy worse than it should. On the other hand, he has his Health Advisors like dr. Fauci, who has hammered home the point that we can get the economy back up and running more complete if we keep the curve of infections below what hospitals can handle. Well see how it plays out when the president speaks out shortly. Emily talk to us about the state of play when it comes to this Senate Stimulus bill which has once again failed to advance. Anna the senate bill has failed the procedural vote twice. Republicans and democrats are negotiating to get to a position that is agreeable to both sides. When that happens, they will have to do a procedural vote to basically open debate on the legislation. Meanwhile, House Speaker nancy pelosi, a democrat, has introduced her own bill in the house which we are kind of looking at as a wish list of democratic priorities, because at this point it does not look like the house would go first, but they have presented at least included at least an outline of what would be in the senate bill. Emily i want to welcome in someone who understands the machinations of washington intimately, mike rogers, was a congressman from michigan for 14 years, the former chair of the intelligence committee, and now the chair of 5g action now. I want to start with getting your broadview on the unprecedented human experiment we now find ourselves in the midst of across the United States. A huge Digital Divide between havenots. Nd how are we to pull this off before we are prepared for it . It will certainly overwhelm networks. Nearly one in five teens cant finish their work before this started because of lack of access to either good networks, computer, or Internet Connections at home. Some 25 million americans across the country do not have broadband at home. If you are thinking about telecommuting and the extra need for moving large packets of information back and forth, it is going to strain an already overwhelmed system, which really appropriateg, an and quick build out, why that is so important. This is going to change the way that schools deliver services. See a fundamental difference. Cann areas, where they connect with kids, maybe they dont have to come to school five days a week, or we have plans in place the next go around to be able to turn it on very quickly, where teachers can just engage with technology very quickly, you dont have all the machinations of teachers trying to set it up individually with their classes. I am curious giving your role on the house intelligence committee, from a National Security perspective, how much more vulnerable are we with so many more americans working from home, perhaps government workers not being able to view classified systems, the entire system slowing down, foreign powers possibly trying to exploit us. They are definitely trying to exploit us. We have seen the russians using this as a misinformation campaign. They tried to blame the United States and london. We also saw the chinese getting involved. They were trying to make sure that use their diplomats and other channels to encourage a counter narrative that it did not start in china. And all of that is adding a little bit too i think peoples panic at home. They are getting false information, incorrect information. Real,o highlights, in a important way, if you think about the supply chain for medicine, medical devices, other things we are having a problem with, meeting we have outsourced so much of these critical functions overseas, including china. 5g, we are in this debate now, do we allow china to control more of 5g than not in the world. If you look at the problems we have just had, the imports to be able to control some of this on secure networks, i cannot tell you how important it is to get the 5g buildout right for secure networks, meaning we keep countries like the chinese out of this network, and keep our supply chains, if you believe in health safety, National Security, we will have to look at how we source those products and we better have the capability here at home. Hearingeantime, we are stories about ransomware criminals hitting test centers, hitting hospitals. What should we do about that . Should the u. S. Activate Cyber Command here . Mike i hope they are already on it. The department of justice already shut down a site that was advertising you had a coronavirus you could buy. Every bad actor in the world will try to take advantage. More people will be online longer at home during the day than ever before because of telecommuting, kids around, people are not working at all. All of that activity is up. Bad guys know it and they will try to target these folks anyway they can. Imagine this confluence being developed of adversarial countries trying to put out false narratives. Then you have bad guys laying over top of it that you have solutions or things for sale. Cyber criminals trying to penetrate your personal computer to try to get back to where you work. All of that is happening today. Doesld argue that not only the department of justice need to continue to step up, our National Security agency needs to be unleashed to go after these folks. Emily meantime, give us a view on what the intelligence committee, what might be happening behind the scenes as the president contemplates when to reopen the country. Obviously, this is painful right now economically, painful for children, for students at home, but obviously it is being done in the interest of our health and keeping people alive. As the president debates this choice, what is going on behind the scenes . Let me tell you what i hope is happening. Issues about contractors, do they have the ability to continue to work in the Intelligence Mission set, in defense of the United States mission set. I hope they are doing continuity of Service Across the intelligence community. Remember, those countries have some bad actors who are deployed around the world to do bad things. We have u. S. Personnel deployed around the world to stop bad actors from doing bad things. We need to make sure we can continue to get the right kind of intelligence information to our policymakers to make sure they are not only keeping track of what is going on domestically, unfortunately, that list is alive and well. Former congressman mike rogers, good to have you on the show. Coming up, the press conference at the white house. This is bloomberg. Emily welcome back to bloomberg technology. Blasiok mayor bill de speaking now about the latest on the coronavirus situation. The mayor saying there are 12,339 confirmed cases of covid19 in new york city as well as 99 deaths. We will continue listening in and bring you more highlights from that. Meantime, i want to bring in our Bloomberg News reporter, mark bergen, who covers alphabet. Itsle finally unveiled muchanticipated nationwide website that the president had promised, but it seems to have nothing to do with testing. As far as i can tell, this website is pretty basic. It is fairly barebones information. They told me that the cdc questionnaire that could link out to further testing is coming soon. The other part of google is doing triage. They have four different sites in california but certainly not nationwide. Emily you can check it out at google. Com. Mark bergen, who covers alphabet for us, thank you very much. We will be right back and will take you to that Coronavirus Press conference at the white house. This is bloomberg. Good morning oh no, here comes the neighbor probably to brag about how amazing his Xfinity Customer Service is. Im mike, im so busy. Good thing xfinity has twohour appointment windows. They have night and weekend appointments too. Hes here. Bill . Karolyn . Nope no, just a couple of rocks. Download the my account app to manage your appointments making todays Xfinity Customer Service simple, easy, awesome. Ill pass. Emily welcome back to bloomberg technology. We are going to be going to the white house momentarily to bring you the president s Daily Briefing on the coronavirus. We are told attorney general william barr will be there today, so we will be listening and for that and bring you to the white house as soon as that press conference begins. It is scheduled to start momentarily. Meantime, i want to talk about the state of schooling and Online Learning across the country. Millions of students have now been out of school for about a week. In five students do not have access to the internet or even a computer so it is not so easy for everyone. I want to bring in saul khan, ceo of khan academy, a Vital Organization that is helping parents but not as helpful if you dont have the technology to make it work. Thank you so much for coming back. Hadad you on before schools closed and now we are in the middle of this, so you are seeing this happen in real time. What are the sort of pain points you have discovered so far as now tens of millions of kids are at home trying to learn something while their parents are also working at home . Beenyeah, what we get has on sony levels for everybody. Number one is a large fraction of students who dont have Internet Connectivity at home this whole crisis has shown it is not a nice to have, it is a must have. Not just to access things Like Khan Academy but also have a social connection. We have been talking to a lot of telecom players, Tech Companies, philanthropists of what they might be able to do to open up spots and get students broadband. Questions about basic childcare issues, school lunches, etc. Even as some of that stuff is worked out, i think all parents are struggling with how do i structure the day . We are all forced to be home schooling parents of sorts now but we didnt have the time to prepare for it. That is why after our last conversation, we published these schedules for students of different age groups or parents of students, happen you structure your day . We are free, noncommercial, notforprofit. Other resources that you can make a whole school day. How can you complement that with other resources like videoconferencing so students can also get live lessons as well. Emily meantime, you got this debate going on about what this actually means for our children. It is one thing to get through the day, but when we all go back to work, we go back to school, is this divide somehow exacerbated . One of our Bloomberg Opinion writers on the bloomberg Editorial Board wrote a piece about closing some schools make because some kids a lifetime of harm. He says in his piece that some point, whenever the pandemic recedes, they will go back in the classroom but one that may never catch up again, while the other will pull ahead. Do we have to be worried about that . Sal yeah, i think we do. The reality is even if there were no support, you and my children would get some type of support as schools closed. Historically, even Summer Vacation, but schools are closed. Middleclass and uppermiddleclass families can get enriching activities for their children while poor families do not have access. Theres always this thing called Summer Vacation which is a major source of inequity. But thats a really source of scenario where it may be five months. Theres a real scenario as we go back to school, if the virus picks up again and things normalize, they might have to be shut down again in a moments notice. That is why told the team here at khan academy, not the profit for this goal of education for anywhere. We have to step up and make sure people have complete offerings. They know how to structure their days. And it is for sure not going to be the full solution for everything, but hopefully it will help level some of these inequities we have. I cannot claim we can solve it but these other the questions we have to ask ourselves. Emily i view some of the khan academy schedule, my children have used it. At the same time, i am working from home, anchoring an entire show from home. It is hard to obviously keep children engaged or sometimes it is just keeping them distracted for the time i need to work. I had my son barge into my room today in the middle of a radio hit. Arents, i think many of us are putting pressure on ourselves to have some sort of structure but get our own work done. How much as we as parents be expect our children to actually get out of this time . Sal so, the first thing until the parents, and same boat, i have three young kids at home. They are coping at different levels, to different degrees. I tell parents there is so much to think about right now. Dont beat up on yourself. We are going to figure this out together. If you want to get started, just focus on the basics at first. An hour of reading, an hour of math. We can help you there. We have book lists that can be helpful. That is a great start. Ive got reassurances from home schooling parents that as long as you keep up to it and keep consistency, the kids will also get adapted to it. Especially for the young kids, it can be very hard. All of a sudden, your parents are trying to do a job. But dont beat up on yourself, dont stress about it. Take it one step at a time. Do the next right thing. Depending on how long this closure situation goes, we can follow a pattern. We are also doing things like daily live streams, advice for parents, parent webinars. And disseminating information so the parents can say what works for them. Emily focus on what you are seeking globally because you have seen kids coming back to school in asia. Now obviously, this crisis has spread through europe and, of course, in the United States. Are there any lessons you are seeing happening elsewhere and learning from that others can take away . Sal well, i mean, the clear thing you are seeing more at the virus level is social distancing is important to shut down things but i dont think anyone has figured out the School Closure situation. We are relatively small notforprofit with a budget of a large high school, but we reach before the crisis, 100 Million Students a year. It might end up being many multiples of that. We are saying, hey, we have to step up to fill a lot of this void that no one has quite figured out yet. We surveyed teachers of the weekend. It looks like half of them are in districts with no on my learning plan. Of the other half, it is hit or miss. Theres not a lot of guidance for teachers, students and parents. We see our role to step it. Last week on monday, our traffic was up 60 . Tuesday, 80 . Wednesday, 100 . It is continuing to accelerate so we are trying to do what we can. We are notforprofit to our costs are going up, but our donations need to keep up with it. Emily so, when the dust settles, and it will settle at some point, we just dont know when, what do you think the impact on the u. S. Education system will be . Sal yeah, that is a big question. We dont know how long it will take for that dust to settle. I think of the dust settles in a matter of weeks, we wont see major structural changes. I think some of these things like Internet Access for computers at home are now going to be viewed as a human right, especially if you have to be socially distanced or your schools are closed. I think if we face a situation where schools close from now through the summer and even back to school, it is hit and miss. Maybe the virus to expect up in the fall when society normalizes. You might have to close schools get. Then you are in a situation where schools have to have clear virtualization plans. Those plans cannot just be doing something heavily different complete league different when schools are closed and when they are open. Some element of the personalization Online Learning needs to be happening during the school year, and maybe 20 of the regular school year. But then when the schools have to get closed, then they can lean much more on that part of the solution while still creating ways for teachers and students to interact on things like videoconferencing. Emily fascinating. Certainly a massive experiment at a scale we could never have imagined. Sal khan, thank you. I know you are really busy. Thank you for taking time to talk to us. We are going to get to the White House Press conference. We are standing by for the president and the attorney general to speak to the american people. We will get there shortly. Theres a huge shortage of medical staff and supplies. We will be talking to the ceo of incredible health, a company that is trying to combat that, next. This is bloomberg. Emily a live look of the White House Press room. We are waiting for President Trump to take the podium in the daily coronavirus briefing. We are expected u. S. Attorney general william barr to be there. This press conference was scheduled to start about 12 minute ago. We are still waiting. We will bring you there as it happens. Meantime, theres a huge shortage of Health Care Professionals and essential supplies as this outbreak continues to spread. I want to bring in the cl of the Company Called incredible health. Iman abuzeid. A left from that helps connect hospitals with health care workers. First of all, give us the lay of the land. What are hospitals dealing with right now and how bad is this shortage . Iman even before the coronavirus pandemic, our country was suffering from a huge nursing shortage. Health care became the biggest labor sector in the country in 2018. By 2024, we are going to be one million nurses short. Our demand for health care in the country keeps going up as our population ages and there are not enough workers in the health care system. This has become even worse now that covid19 pandemic has started. The shortages are becoming very extreme. Emily so, talk to us about some specifics. Where are they seeing shortages . Why are you seeing the most shortages in particular . Iman most shortages in particular are in urban areas, particularly in certain specialty e. R. , icu, and Infectious Disease as well. We are seeing a slowdown of a lot of hospitals have delayed or postponed their elective procedures. Askedof those are being to go to the er and icu. Emily now as i understand it, hiring has been difficult because youve got this situation where nurses actually cannot clock the hours they need to meet certain requirements to actually get the certifications they need to become fullfledged nurses. Is that the case and have are hospitals getting around that . Iman one thing we have done recently is we launched a first of its kind platform for an Education Unit that are completely free for every single nurse in america. This is something we had in the works even before covid19. We decided to launch it early and accelerate it the keys these are Education Units that nurses need to obtain licenses and keep them active as well. Yearis 240 million a continuing education with us. Incredible health is now available completely for free. Hopefully that helps more nurses. Emily those nurses need incentives. This is a terrifying time. It is a terrifying time to be a health care worker. How are you or how can hospitals incentivize some of these folks to get back into the workforce and to do this lifesaving, but very difficult work . Iman this is in general a group of workers that are underappreciated and overworked even during normal times. Make sure we are able to appreciate the group of people and give them whatever we can, support they can. Everything from ppes to making licensing easier, to enabling them to get jobs fast. Emily what about the equipment shortages . We covered the tech industry. We are hearing apple is working with its suppliers to make masks and donate them. Facebook is donating a stash of 700,000 masks they had saved during the Northern California wildfires. What sort of equipment shortages are you seeing and how are those being dealt with . Hospital, clients and nurses we are working with are saying they are shortages of ppes. Hopefully these donations make a difference. The main thing we are seeing among nurses on our platform, the hiring platform is there are nurses that are increasingly thats to be expected. 8 of the covid cases in italy are health care workers. We can see the same in the u. S. We have nurses already in quarantine. We have nurses delaying their job church and are really willing to move around now. They are being asked by their Current Employer to work longer hours. This is an increasingly challenging time for nurses as well. That is something we need to take into consideration. Emily all right, iman abuzeid, ceo and founder of incredible health. Edible work you are doing. Thank you for joining us. We are still waiting for the president to take the podium at the White House Coronavirus briefing. Attorney general william barr will be there. The briefing about 20 minutes late. We will bring you there as soon as it starts. Coming up, we will talk about the tech sector. Which companies will make it through this and how, with our own brad stone. That is next. This is bloomberg. Emily welcome back to bloomberg technology. We are waiting for President Trump to take the podium at the White House Press conference to discuss the latest on the coronavirus outbreak. He is not there yet. We will bring you that as soon as it starts. Meantime, we want to take a closer look at the tech sector and how various companies are thriving or not through this global pandemic. I want to bring in our bloomberg executive editor brad stone. You have been taking a look at which Tech Companies will survive, thrive or suffer through this outbreak and your answer is none of them will are winners in this endeavor. Talk to us about that conclusion. Brad certainly, no winners. Look, already tens of thousands of deaths around the world from the coronavirus, hundreds of thousands infected. All the Tech Companies have employees working from home. Certainlyners, but there are companies in position to thrive. I broke those companies down into three categories. The first is the last mile companies. Amazon which is hiring 100,000 workers, walmart 150,000. Instacart were going to hire 300,000 temporary workers to deliver groceries. Another company that will thrive is the cloud companies. Aws and microsoft. Ibm, google which is providing the backbone for all this work from home activity that is going on now. Then, the companies that are allowing us to connect and work from home. So you have zoom video communications. The stock is double of the last six months. And new app that people are discovering to stay connected with friends. Lets talk a little bit about amazon. I know this is one of you of expertise and amazon has gone a lot of attention. They are the ones that are providing essential supplies. Yet, so many of the supplies we cannot get on amazon. If you order just about anything, delivery times are delayed. What does that mean for amazon at the end of this . Brad well, this is very intentional. This is one of the factors that is going to allow some companies to survive or thrive. Which is that amazon and walmart to a certain extent turned their operations around on a dime. They have basically turned their supply chains into delivery vehicles for essential products. That is everything from toilet paper to fresh food and other groceries that people need, particularly the elderly and people who are the menu the menu compromised. So, what they have done is they have basically the prioritize nonessential things. In effect, hurt the sellers to bit during the crisis. That is very intentional. Jeff bezos wrote a note to amazons employees about that, because he is spending all this time on it. I think if we extrapolate a little bit, it is the kind of companies with this sort of leadership i dont want to say autocratic leadership but leaders who have a grip on the organizations and can turn the operations around quickly that are going to come out of this. Emily right. Lets talk a little bit about twitter. Twitter withdrew its firstquarter guidance today amid all of this uncertainty. That has to not be a good sign. Brad yeah, twitter, i would put them in the second category of survivors. On the one hand, activity on twitter is up. Up 23 this quarter over a year ago. Google and facebook, you can imagine the social activity is way up. People are searching for more things. But the Online Advertising market is not going to be hit. When you look at the big advertising categories, travel, entertainment, food all those categories are suffering. The twitter cfo said there has been a significant hit around the world and they had to withdraw their guidance. I think we will see more of that from a lot of companies in the next few weeks. Emily ok, Senior Executive editor brad stone. Thank you. Meantime, i want to talk about a new partnership between the white house and ibm, as well as the department of energy, to tap the value of supercomputers target covid19 research. Earlier, the ibm director of research was on bloomberg television. Take a listen to what he had to say. This is an opportunity for us to marshal the extraordinary supercomputer to capacity that exist in the u. S. And to bring it all together in the context of matching the capacity in the National Laboratories, department of energy, nasa, rpi, ibm and the major tech players. Band together and bring it together under a consortium and match it with the scientists that can make the most advances in the context of letting this capacity to them. To be able to do modeling and Vaccine Development and new therapeutics. At ibms disposal is supercomputers. Explain to us how your sick supercomputers conjuring the time it takes to come up with a vaccine, because that is the ultimate goal when it comes to battling the coronavirus. Dario that is exactly right. Supercomputers are science accelerators. They allow us to shorten the time with which we can conduct experiments. Summit, thebm fastest supercomputer in the andd, researchers there researchers at the university of tennessee were able to narrow down from 8000 different molecules so the most promising 77 molecules that bind to the protein that is present in the virus that is then used to attach to the other cells and spread the virus. From 8000 compounds to a much smaller set of 77 most promising small molecules, what we are doing is accelerating the process of discovery. Those can be used experimentally to test and accelerate the process. I would assume that would potentially shorten the process or potentially shorten the process of finding a vaccine and then getting it out there to folks getting some sort of treatment. Im wondering what other companies are part of this partnership, whether formally or informally . Dario in addition to ibm, we have google, amazon, microsoft, hp has joined us as well. There will be others that collaborate. I think that is an important moment to reflect that we all have to come together in this moment of crisis. And be able to pull these resources and make it available to the scientific community. And doing it with the federal government within the National Laboratories and academia. And, that is dario gil of ibm. Coming up, we are going to bring you to the White House Press conference as soon as it starts. Stay with bloomberg television. More coming up around the world. This is bloomberg. Taylor welcome to bloomberg markets. Down we are counting you to asias major market open. The top stories we are covering this hour the fed launches an unlimited Bond Buying Program and bizarre warnings about the virus impacts. The imf says the recession is likely going to be worse than other financial crises. 2 trillion u. S. Stimulus plan falls again in the senate. De
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