Transcripts For FBC After The Bell 20240713

We must take all precautions and be responsible for the actions that we take and that we see other people take. We want to prevent the spread and transmission of disease. Its incredible to watch whats happening with the sporting world where so many of the sports weve gotten so used to at this time year, they wont be competing. Theyve done a Great Service and thats another way problems could because for this is why i outlined in wednesday night my administrations, the fact that weve issued requirements suspending all medically unnecessary visits to various places, but in particular Nursing Homes. We should all be working off the same playbook when it comes to protecting americans. We need to be consistent in adopting measures to limit the spread of virus. The same way its spreading in cities, towns, rural communities, the tools and tactics are similar no matter where you go. There were some hotspots throughout the world that people would never thought possible and there being very seriously affected. Among these efforts are breaking chains, these measures have been adopted by many companies, universities and schools, and we want to protect the safety and health of their employees and students. I encourage everyone to follow the guidelines weve issued. A lot of it is common sense measures for the areas where the virus is spreading the cdc is advising communities to postpone large gatherings, postpone social functions and sporting events, limit in person meetings and cancel work sponsored travel among numerous other steps that can be taken americans of the strongest and most resilient people on earth and in the coming weeks we will all have to make changes and sacrifices. They will be shortterm sacrifices to produce longterm gain and again ive said we are learning a lot for the future and future problems like this were worse. It could get worse for the next eight weeks are critical. We can learn and we will turn a corner on this virus. Some of the doctors say it will wash through, it will flow through, interesting terms, and very accurate. I think youll find that in a number of weeks it will be a very accurate terms. In times of hardship the true character of america shines through. We live in the company of the greatest heroes and most inspiring citizens anywhere in the world. We want to take care of our people. We want to draw on the strength of our history and our people and we will get through this altogether. We will get through it. So much progress has already been made and frankly the numbers because of the steps that have been taken are at a level most people are surprised especially when you compare with other places. With far smaller populations. The spirit and will of our nation is unbreakable. We will defeat this threat. When america is tested, america rises to the occasion spread to the families and citizens worried and concerned for themselves and loved ones, i want you to know your federal government will use every authority and resources at its disposal to safeguard the lives and health of our people. We are with you every step of the way. No nation is more prepared or more equipped to face down this crisis. We are rated number one in the world and helping other nations, many other nations, we are helping them a lot. They are doing okay in some cases and other cases are not doing well at all. We are working with a lot of groups of people and other nations. With faith in heart and hope and love and determination we will succeed, we will theyll be successful and learn for the future. Thank you. If youd like to ask some of the folks appear would be fine. Mr. President , where are you with the house bill. Yesterday we talked in the office you were opposed to it. What has happened and whats the holdup. We dont think the democrats are giving enough. Were negotiating. We thought we had something by all the sudden they didnt agree to certain things. We could have something that we dont think theyre giving enough. Theyre not doing whats right for the country. You just mentioned waving interest for student loan, buying oil, what other specific targeted measures is your administration thinking about taking. Steven mnuchin said you are just in the second inning of what we should be undergoing. Thats true. We are looking at many Different Things and some have been written about very widely. We will release a paper in about two hours stating quite a few other steps. Please go ahead. Thank you so much mr. President. I want to know if you are in contact with the brazilian president and his delegation. [inaudible] some of the senators are self isolating. You planning to take any precautionary measure to protect you and your staff. No. We have no symptoms whatsoever and we had a great meeting with the president of brazil, a great guy, very tremendous, hes doing a fantastic job for brazil. As you know he tested negative meaning nothing wrong this morning. We did have dinner with them, we were sitting next to each other. Are you in contact with him. Were talking about a country to country. We did discuss if he had a problem. There was a report that he may have it but he doesnt, fortunately not. Thank you very much for the doctor she said the leg and testing. [inaudible] and when can you guarantee that every american who needs a test will have a test. What is the date. I dont take responsibility at all because we were given a set of circumstances with rules, regulations and specifications from a different time. It wasnt meant for this kind of event with the kind of numbers were talking about and what weve done is redesigned with help the people behind me and we are now in very strong shape. I think we will be announcing sunday night and this will start very quickly and will have the ability to do millions over very quick. Of time. What we have done and we will be leaving a very indelible print for the future in case something happens again, and thats not the fault of anybody and frankly we all work very well for. [inaudible] by sunday night will every american be able to get a test. Just to reiterate what i said many of you multiple times, the system was not designed for what was designed for it works very well. The cdc designed good system. If you want to get the kind of blanket testing and availability that anybody can get it or you can even do surveillance to find out what the penetrance is, you have to embrace the private sector and this was exactly what youre seeing because you cant do it without it. When i said that i meant the system is not designed for what we need now looking forward the system will take care of it. Mr. President respectively. If you go back to the swine flu, it was nothing like this. They didnt do testing like this and actually lost 14000 people and they didnt do the testing. They started thinking about it when it was far too late. What weve done in one of the reasons people are respecting what weve done is weve done it very early and kept a lot of people out. The last administration said they tested a Million People at this point. Asking how they did with the swine flu. It was a disaster. Next. They had a very big failure with swine flu. Mr. President i want to ask about the european travel ban that goes into effect the tonight. And the exemption youve offered to the uk. There are 17 countries in the zone that have fewer coronavirus cases than the uk and just in the past 24 hours the uk has added 208 corona virus cases to their total. Why do they deserve an exemption, and would you consider adding them to this travel ban list. That was recommended to me by a group of professionals and we are looking at it based on the new numbers coming out and we may have to include them in the list of countries that we will ban, or whatever it is during this time. The numbers have gone up fairly precipitously over the past 24 hours so we may be adding to that and we may be adding a couple others and we may start thinking about taking some off. Thank you, mr. President. Im a correspondent with hong kong tv. You have mentioned in number in china. [inaudible] do you see the eta china has been sharing with the United States has been helpful. I think it has been helpful. We have been working very much with china. Ive spoken with the president. They went through hell and numbers are starting to look very good. We are sharing quite a bit of data in fact some of our pharmaceutical companies are working over there right now with large groups of people. Thank you, mr. President. You spoke with by minister trudeau yesterday. Did you discuss the potential closing of the border between canada and the u. S. And by extension are you considering ways to salvage the trade between the two countries. We did not discuss the order. Weve had a very good relationship, weve just about finished with the u. S. Mca. He called me to it tell me that, his wife had not been diagnosed at the time of the call. She is a lovely lady, wonderful lady, great lady. Since then ive heard, read that the result was that she has. I was a little surprised, i think he was surprised also. We did discuss it from minute or two purge she will be fine but he thought she would not have the virus. Unfortunately she does. We didnt discuss the border yesterday, no. Go ahead please. If you have any questions for these great venus is up here, you should. Is a relatively new floridian what is your message to the cruise line industry in the travel industry reported caps on senator rick scott and miamidade mayor have the same exposure as you and they are self isolating. What is your message to them, that they shouldnt be. I dont know that i had exposure but ill have any of the symptoms and we do have a white house doctor, many white house doctors, frankly when i asked them that same question and they said you dont have any symptoms whatsoever. We dont want people without symptoms to go and do the test. The test is not insignificant. As far as the cruise line business, we are with them all the way. Its a great business, great u. S. Business frankly and i know how important they are to the country. The cruise line business with it very hard. We had a tremendous success out in oakland where Vice President penn stood a fantastic job. We work with uk and canada and they took a large number of people back to the United Kingdom and we have people quarantine, it was a big operation and it worked out, you dont hear of that anymore, worked out really well. Mike, you may even want to Say Something about that because that was really done properly. Thank you, mr. President. That program, the grand princess, the ship is continuing to be administered in the highest standards order leeway as the president director and i spoke with the governor of iowa today and some of those who now have been cleared are able, improper supervision to return to iowa and they are making arrangements for them to do that. Others in texas. Others in georgia. Its another example of the extraordinary cooperation governor gavin newsom, Governor Brian Kemp of georgia but to add to that, the president directed me last saturday to travel down to miami and we met with all the leaders from the cruise line industry. Several cruise lines have announced a 60 day pause and operations. Our department of Homeland Security has praised them for doing that because of the unique Health Challenges particularly presented to seniors with underlying conditions. We have a proposal from the cruise line industry, but they are currently considering what other steps they might take, perhaps even similar to what other lines have taken. We are anticipating some response on that in the next 24 hours. As the president said we cherished the cruise line industry and men and women who work on ship in the short and all the economies that are so benefited from a vibrant cruise line industry. What the president has directed us to do is whether there is a pause in the moment and as we all continue to discuss we want to work with the cruise line industry to ensure when we come through this that cruise lines and medical Services Available and for the passengers and all the crew that cruise lines are safer than ever before and can prosper for many years to come. This question is for doctor felty. Based on what you currently know, what is the outlook for how long this will take. And director burke as we tried to get our arms around the test kit shortage, then next need could be respirators. What is the administration doing right now to ramp up respirators and other equipment. When you have an outbreak like this, particularly if youre trying to interfere with it its nearly impossible to predict the time element of what is going to peek and when its going to naturally go down. If you look at the situation where countries did not get to the point of containing and mitigating very well, you see a peak over several weeks and then down over several weeks. What we are trying to do is to try to blunt that peak. I think its very important for me to it mention again because i think it answers your question. When you talk about preventing infections from the out and which is the travel restrictions were talking about, then how do you handle what you already have in your country . We continue containment but you also do mitigation and you tried to make it proportionate to the areas most affected. The success of that and how much you make this turn into this is going to give you the amount of time if youre successful it will be less. If not successful its going to be more. These kind of things generally run out in a few months. Hopefully we will make it several weeks, eight, nine whatever, but i cant give you a number because it depends on how successful we are. Great. Thank you. Great question. The doctor and i have worked together a long time and its a continued privilege to work with him every day. I think we can learn, i appreciate there was some graphics done right, if you align the data from china with the data from south korea, you can start to see a complete overlay of that data. Thats what were tracking very closely as well as italy. You have an excellent question but i just want to make one note, in south korea, only 4 of those tests were positive. That means 96 of the people have a different respiratory disease because we are in the middle of flu season, cold season and all of the other respiratory diseases that we get every day. With early data they are running about 2 positive. That means we have a lot more other respiratory disease out there besides the coronavirus and thats why the screening is critical, but even with the screening we will run what we think are very low rates. Needless to say we are taking it extraordinarily seriously to plan for what could come, not what the doctor talked about blunting the curve, that makes it much less high need at the peak. We are in full inventory of all resources. This emergency unlocks all the stockpile of needs that the da has in the National Guard and every hospital. The Emergency Preparedness plan allows the hospital to defer elective issues to keep those hospital beds open for those who might need it. We are in full planning mode for each of those things. And i might add that we are in the process and in some cases weve already done it, ordered a large number of respirators just in case. We hope we dont need them but we have ordered a large number. Thank you very much mr. President. In your speech to the nation you mentioned the situation in china and south korea has improved and you are thinking about removing the restrictions and also the warning in place right now. When can we expect that announcement and how do you see the overall progress that Asian Countries have made. Some are making progress, some are not as you know. Some are making progress and as they make progress and get down to the number we all think is right and they know is right and we know is right we will be opening it up. Some are really moving aroun alg rapidly. We hope to open things up as quickly as possible. Go ahead. I would like to ask the secretary and doctor just how. [inaudible] this affects the elderly primarily, and in that sense its an unusual disease. Is any specific research being done as to why it affects our Senior Citizens more than others . I dont mean to diminish your question but we already know why it would affect Senior Citizens more because when you talk about anything that requires robust immune system, as you get older your immune system is not as potent as it was when you were young. Thats the reason why, when you talk about even influenza which we have extraordinary experience with, the people who are very vulnerable. [inaudible] it really is something that is kind of wellknown over a lot. Okay. Mr. President , the chinese officials are correcting some tones of discontent with where the sources of this virus have come from and theyre going through odd narratives. What is your response to these officials that are doing that and have they signaled any kind of resistance upcoming trade talks and your response to how are handling the. They are buying from our farmers and a great deal from our country. Its about time someone did that and frankly phase two will start negotiating. I did read one article but i dont think that article was representative, certainly not in my conversations with the president. They know where it came from, we all know where it came from. Thank you, mr. President. My first question is, you say you dont take responsibility but you did just ban officials. [inaudible] what responsibility do take for that and officials work in that office say the white house lost valuable time because that office. [inaudible] when you say me, i didnt do it, we have a group of people. I could Ask Administration but i could perhaps ask tony about that because i dont know anything about it. You say we did that, i dont know anything about it suspending. You dont know anything. Its the administration, perhaps they do that. People let people go. Things like that happen. Were doing a great job. These professionals behind me and these great incredible doctors and Business People are the best in the world and i can say that whether its retailers were labs or anything you want to say, these are the best in the world. Were doing a great job. We have 40 people right now. Forty. Compare that with other countries that have many times that amount. One of the reasons we have 40, and again, the numbers going up and the number of cases which are very small relatively speaking is going up but weve done a great job because we acted quickly and early. Theres nothing we couldve done that was better than closing our borders to highly infected areas. Please. Thank you. [inaudible] i would like to ask you to very brief questions. One for how long will we have the emergency, the National Emergency. I hope not long but its there now and it gives tremendous powers for things that we need. Tremendous power. The stafford act and there are other things were involved with and have studied and memorized in so many different ways and forms. It gives us the power we need to get rid of this virus and i hope we wont need it very long but whatever it takes. Something very important i want to ask you is like is it essential core netting from other countries and learning from the levels they are ready suffered like china and south korea and more recently italy and spain. How is that coronation done. We are in touch with italy, its a country we love we have tremendous, millions and millions of people originally origin from italy and were working with them. Theyre probably relatively speaking the toughest position of all. We are in touch with everybody. When i say everybody were in touch with any of the countries that you know about and your writing about and theyre calling us, asking for advice, asking for the advice of the people behind me. Italy has a tough situation but they have really clamped down and i think they will see very good results. They took their medicine, but are they going to see some much better results. Jeff. Thank you. With regard to domestic travel, should americans feel safe or should they be traveling to states such as Washington State, new york and other hotspots within this country . And a followup on brazil, you are asking people who come back from europe, americans coming back from europe to self florentine for couple weeks. You were in a picture of somebody who now has coronavirus from brazil at your resort. First of all not coming back to someplace. But you were exposed back there somebody who say they have it, i take pictures and it lasts for seconds. I dont know the gentlemen who were talking about. I havent seen the pictures. I take sometimes hundreds of pictures of day. That night i was taking hundreds of pictures so i just dont know. I did sit with the president for probably two hours, but he has tested negative. Go ahead. I would say if you stay home its not bad. There are certain parts of the country that essentially have zero problem. Washington has been very tough. In particular Nursing Homes and washington, the state of washington has been very tough. Its been a big percentage when you talk about the 40 deaths thats been a big percentage of the deaths as you know very well. They all came from a certain area unfortunately. Please, go ahead. Okay. Thank you very much mr. President. You talked this week about the uk doing a good job in tackling coronavirus. In light of the rising cases, are you changing your mind about that . You also just spoke about possible travel restrictions. Have you discussed when they might be put in place. In light of the results we will be looking at it, and i know the task force is looking at it very strongly. It was looking good but the results have been building up rapidly. We will be taking another look at that, absolutely. Mr. President , thank you. I want to followup on jeffs question because the person you were standing next to, whether you know who he is or not tested positive for coronavirus. The doctor said this morning if you stand next to someone who tested positive you should self isolate and get a test. You say your white house doctor is telling you something different. Who should americans listen to. I think you have to listen to their doctors and i think they should be jumping to get the test unless its necessary but i think they have to listen to their doctors. I havent seen the picture. Some he said theres a picture of someone taking a picture with me but i havent seen it. That you might have it even if you dont have symptoms. Are you being selfish by not being tested. I didnt say i wouldnt be tested. Will you be tested. Most likely. We are working on a schedule. Go ahead. I know there has been a lot of talk of testing. I just want to make sure we are clear because weve been hearing for the doctors who say as of today they still cant get patients tested who need a test. So as of today can everyone who a doctor wants to have tested get tested and if not, when. We been able to for a while but i will let mike answer that. Is the president said and the doctor articulated, the nature of our Current System where the cdc had sample sent and tests are performed were state labs perform tests or in some cases university and hospital labs perform test, its generally adequate for Infectious Disease and for people getting it diagnostic work done, but given the sheer scale of this the president tasked us with bringing together this extraordinary public and private partnerships. Today by some estimates, when you add all the labs together, and today the president made it possible for every state in the country and state labs to authorize labs across their state to do coronavirus testing. We are estimating somewhere between 15 and 20000 test. Day are able to be performed, but very soon with the program that was announced today, americans will be able to visit one of the sites closest to them as described on the website if they are symptomatic and the questionnaire indicates it and be able to have a test there and these incredible companies will process the test and they will receive that information, but for now the best advice we can give to people is to speak to their doctor as the president to set. If the doctor indicates that position, if its not a University Hospital or otherwise authorized lab can contact the state lab and again, every state lab in the country can perform test today. With the president charged us with, when i was tasked to take over the White House Coronavirus task force was open up tests all across the country. The president said a few days ago that we made it clear that any american that wanted to get a test would be able, clinically to get a test. I literally heard from the governor of Washington State who said the doctors in Washington State were saying if you were only mildly symptomatic they would not order a test. Fortunately the president directed cdc to clarify that. Now anyone in consultation with their physician regardless of their symptoms can request a test and the doctors will contact those agencies and labs in their state. Very soon americans will be able to go to these drive insights and be able to obtain and participate in the test. And thats perfectly set. Just to review about the testing, with lab core and quest, i think many of you have been to doctors offices and seen the little boxes outside. What they do is they deliver both the specimen collection piece because remember its a nasal swab, its not a tuba blood. They deliver that to doctors offices and hospitals and then they will arrange to pick that up. The important piece in this is that they have gone from a machine that may have a lower throughput to the potential to have automated extraction. I know you dont want all these details but its really key for the Laboratory People that automated extraction then runs in an automated way on the machine with no one touching it and the result comes out of the other end. So sample to machine to result. That cuts out a lot of the manual pieces that were happening that were delaying the test results. With that, whats the timeline like from when youre tested when you get results. Like next week. What do people expect. With the prior testing it was taking several days because the test is slower. We believe with this test because of its throughput that the testing can be from start, it has to transport to the laboratory that will run it and were hoping that all can be finished within 24 hours which is very similar to other tests you received today. These are not pointofcare tests. We are working on that but we have to realize those tests take six months or more to develop. Were not waiting for those, were still diagnosing this on nucleic acid. This is actually the antigen, the actual virus in your nose that we are amplifying. I think after remember were working very closely with states unless you have a smaller form a more targeted form of government going in and doing it like in new york where the relationship is very good for like Gavin Gavin Newsom made some very complimentary comments about how are working together. We worked on a lot of things together having to deal with this. Really the relationship that we have, i cant think of a bad relationship. Were helping them, were funding them in some cases depending on what it is youre talking about were all working together very closely. Weve done a tremendous job of teamwork within the different states. One or two more, and if you have questions for these folks, does anyone have questions for the folks up here. Who has a question for the folks appear. Go ahead. Thank you. I have one for you. I thought. I was waiting for that. Asked them for. If they will. With regard to the ceos, can you please tell us when you expect to see items like Hand Sanitizer that have been going out of stock very quickly back on the shelves. There have been a lot of reports about that. And, for you mr. President , could you talk about a potential bailout for the cruise industry. You have suggested that could happen. Is that something youre still looking at and how much would that be. I didnt suggest that it would happen but i can say it was very badly impacted by whats going on with the virus and its a great industry and an important industry and we will be helping them and helping the Airline Industry if we have to. So far people havent been asking if they should be asking we want to make sure our airlines are strong. And then one day all of a sudden it wasnt looking so good. Interestingly we were just talking to doug and the numbers theyre doing for the retail because of this, your business is the opposite. Do you want to answer the question as to the Hand Sanitizer. Specifically the areas where we are seeing crush and supply chain are surface cleaners, cleaning supplies, paper goods, Hand Sanitizer will be very difficult to have 100 in stock on for some time. Were still replenishing and shipping but as soon as it hits the stores its going. Same thing for the other categories i mentioned. All the retailers are working handinhand with suppliers to bring that to the market as fast as we can. What is your advice for americans seeking those items. Theyre selling out online and in stores. A think theyve given you other examples of what you can do to fight back and you should look at the entire list. Obviously it sounds very simplistic but wash her hands as often as you can. I know youre not always in a position to be able to wash her hands but wash them as much as you can. If you dont have the alcohol wipes try to get them. If you cant get them try your best you can. Just general preparedness. Wash her hands, keep distance from people and if youre around someone who is sick, keep away. Just basic public health. These guys are selling a lot of toilet paper, do want to give some guidance that toilet paper is not effective protection against getting the coronavirus. They are selling out. Soap and water. Hot water, soap, 20 seconds thats how you do it. One more. Go ahead. Thank you very much mr. President. You have a great team of course. Thats true. My question, are you happy of the chinese response and have they told you what really happened, and second, the minister. [inaudible] india has orders, have you spoke with the Prime Minister of india if they need any help and finally Small Businesses are losing because of this. The Small Business administration is now stacked with money to help them and we will make the money readily available if they need it for Small Businesses. We had a great time you. Incredible two days and hes a great friend of mine and a friend of his people because he was greeted incredibly, as was i in that stadium, it was an incredible event. I loved being with him so say to him, but we talked about everything. We talked about far more than just borders as far as the frontline. I believe we are dealing in good shape and as you know, as i just said he just worked an incredible deal, one of the best deals ever made, big even by the standards of some of the people here. But i think they want to get to the bottom of things. Our Drug Companies and pharmaceuticals are working. Closely with china and india and all over the world. These are magnificent companies that are very, very knowledgeable. We are very lucky to have them. I think you will come up with, whether its therapeutic or just help in getting better, and also the vaccine which takes a little bit longer because of the test. And a couple other reasons you have it very quickly because of the great knowledge. They have made a tremendous amount of progress. Thank you all very much. We appreciate it. Thank you very much. President trump for over an hour live from the rose garden at the white house declaring a National Emergency in the United States over the coronavirus, and also making an announcement that his administration is partnering with private entities to ramp up testimony. Welcome to after the bell. If youre still talking the market is up and we ended with a large gain percentagewise for stock since 2008 after the largest decline yesterday for the stock market since 1987. I just want to hit on some of the news made in that press conference. He declared a National Emergen emergency, but he expedited the approval of new diagnostic test introducing some of the leading figures in pharmacy so they could speak for themselves on where things stand right now. Lab core and some of the other testing groups. He also waived payments for college loans, talked about filling the Petroleum Reserve in order to. [inaudible] but also scoop up cheap oil to secure our national supply. A lot of big news being made there. Before the market closed and then after it closed he started taking questions from reporters. One of the early questions came from blake live from the rose garden. The obvious headline off the top is what you talked about, the clearing this National Emergency which in effect give hospitals more flexibility to be able to treat patients should there be an influx coming in to those hospitals. They deal with hhs, human services. The president also announcing a 50 billiondollar figure for the Small Business administration dealing with Small Business facing liquidity crunches because all weve seen going on. Weve heard from this white house and president that he would be taking executive actions. We saw two of them. One differing Interest Payments on student loan. Where you live, no matter how much you make or it might impact you. That is one thing he unveiled. Pretty also talked about adding to the Petroleum Reserve. The shale producers have been especially hit during all of this. When the president turned this over, asked the president what specifically might come next. The treasury secretary said today they are just in the second inning of unveiling a lot of the economic measures. Mr. President , what might happen next. We are looking at many Different Things as you know. Some of them have been written about very widely but we will be releasing a paper in about two hours stating quite a few other steps, very important ones. Thing to be releasing something here later today. We will wait to say exactly what that may or may not outline. One of the other headlines, drive through testing, theres been questions about why there is not more of this widespread. The administration laid out this is exactly how this would had and bringing in private companies to facilitate that, specifically google which would be building out a website, and then a lot of the major bigbox stores, walgreens, cvs, target, and one other that im missing. Basically the big box that will provide the parking lot so people could get in the car and drive for this drive through testing. Heres the ambassador explaining this google website and how exactly will work if you think you might have symptoms. We want to also and announces new approach to testing which will start in the screening website appear, facilitated by google were clients and patients and people of interest in golf fill out a screening questionnaire. Move down for symptoms or risk factors. Yes they would move down this and be told where the drive through options would be for them to receive this tas test. There were also questions directed to President Trump as to why he has not been tested. There is the video in the image of him being next to the brazilian president who has tested negative but a highlevel member of his staff was at his resort next to the president last weekend and has tested positive for the virus. The president suggested that at some point in the near future he to likely will get tested. Back to you. At first it seemed he wouldnt. Then he said yes i might. Blake thank you. We are looking forward to that paper that will be coming out in about an hour really detailing a lot of the steps even further. There was so much news in there to get. Meanwhile stocks surging in the final moments of trading while all that was going on. The largest percentage gain for the major averages since 2008, big combat the market. Lets go to jackie for more on this. Almost 2000 points on the dow. Big day. It was remarkable. It was a big day after yesterdays big move to the downside. What traders said leading into the president s address was that they were not surprised he was doing it roughly around 3 00 p. M. He came out about 330 to rally the market into the close and that is exactly what he did. He struck the right tone and people heard solutions and the plan and thats what they been waiting for for some time. You can see how stocks rallied into the close almost 2000 points. You are still taking the press conference in the question but at 4 00 oclock its usually ghost town. People pack up them both out the door. Tonight because so many orders were going in right at the close you had people hanging out here until just about ten minutes ago so they could square way the books and rebalance everything which was pretty amazing. Again it was all about solutions and that testing plan. Thats what wall street wanted to hear. Everybodys working together and this isnt going to be a situation where its discombobulated, not organize. It sounded like it was and thats a positive step in the right direction. Jackie thank you so much. Here to put all this together for us is steve forbes. Steve its interesting to contrast the president s overall address the other night which was widely criticized. The stock index really started to decline that night. Today, his announcement came on the stock market was still open in the market really rallied into the close. As jackie said when he started to talk about ramping up the texting, it was a much different reaction. It is and the reason for it is to get our arms around this crisis is testing. You take south korea, they do each day over 20000 test, more than weve done altogether. Taiwan hit this thing early on, australia hit it early on, we lagged because of failures by the cdc being more interested in protecting its turf been working with outside companies. What was reassuring here today was the very fact that you had all these private sector companies, walmart, healthcare Companies Working together making things happen. It was the sense that finally we will move ahead, mobilize the resources of this nation to deal with crisis. Thats what the market loved. Finally real action instead of lethargy from washington. Google the other big company there with this website that they are putting in place. Really, if you pick about it, it has spread to private industry, may be state and local governments to some degree but private industry has led the way in terms of how we respond to this even with the social distancing, people working from home and now the two working together might be more reassuring to investors but you think. This is the wonderful thing about a free society, when people sensors a crisis, everyone rises to the occasion. Voluntarily. Closing offices, workathome and the like, closing down meetings, not having certain events, and thats very effective to make sure this thing doesnt have the kind of spreading like it didnt china. The key thing is the testing. Its a scandal that we are now finally getting up to speed on the testing for the should have been done six weeks ago. I think there will ultimately be a National Commission to examine where do we fail. This idea of the cdc thing this is bigger than anything weve handled before, thats baloney. Other countries like south korea and taiwan were on top of it and we werent. They learn from sars and were on top of it. Well be talking to medical professionals about whether or not weve gotten up to speed in time. Even though we got there, theres matters of the market. John roberts from fox news had the first question and asked him about whats going on in capitol hill. President trump says theres still no agreement. The democrats are asking for too much in terms of the coronavirus recovery bill i guess you would call it. What ends up happening on that front . There will be spending bill and hopefully it will be all temporary measures and not permit measures and the key thing is to get that payroll tax cut through so people can get immediate relief right now across the nation. The other thing is to make the Federal Reserve to make clear its discount window where they lend money has opened a private company so they can come in, solid companies that would otherwise be in trouble because of this temporary collapse can come in and get the loans they need to whether this crisis. They should make that announcement immediately. We will see what happens over the weekend as we always do in times like this. Steve its great to have you on with your perspective. Absolutely. Lets bring in the panel. Lets focus on the substance announce there. How big of a difference do you think it makes . Ian. I dont know the big picture if this is really what the market wanted to hear. What we wanted to hear for folks on wall street was a big stimulus package, spending like steve forbes just talked about from peril tax cuts. This is great for private industries showing Companies Like google, walmart are all on board with this effort that they are working in concert with the white house. Thats big for them and could really help. The stock market is moving up, you had the momentum, if the president cannot said this is going to be good for a lot of private companies i dont know if the big picture solution. [inaudible] i disagree. Now we got to the point where people are really afraid of whats going on with the nations physical health. What you saw there is we are on top of that. Everyone is screaming about the testing and the right to do so but here we have executives from the industry and are ready to help. Weve unleashed from regulation and here they are speaking for themselves where they stand, we are on it. What you think. Yes, first of all this week has been like eight years long. We needed something to end it and certainly the fact that the private sector was put out in front was a huge boom because obviously people have much more trust in the fact that cvs and walgreens and target can get something done in a better and more efficient that way than the government. I think thats the first step but it only buys us some time. If we dont see testing rampup or measures to keep people on the payroll. I must concerned with the payroll tax cuts than i am keeping people on the payroll. I think this is only a temporary bandaid. Carolyn, dion, thank you. I want to move on. Researchers are now proposing to use a timetested method to stop the threat of global outbreak of the coronavirus or at least mitigate it. Heres heres what he said to us yesterday. Lets listen. Theres a paper coming out in a very prominent medical journal from patients who have recovered from covid19 and excellent results. This is the first news, not the last by any measure but that suggests that the radiotherapy is very useful. We are perceiving it and i believe that this comes to pass we could have treatments in four weeks that could begin to save lives. Treatments in four weeks thats the news we brought you yesterday. Here now behind the research he is from the Johns Hopkins school of public health. Thank you for joining us. Where do things stand and do you think thats realistic that this time tested method that you guys have gone out and done the tests could we see it out there helping people in four weeks . Im melissa thank you for having us on. We are going to try. Its a race. We have to put the paperwork end and we have to seek permission from regulatory agencies. We have to put tests in place to test for antibodies on those who ever covered and then we are going to need donors, people who have recovered willing to donate their blood. The good thing is this is doable the facilities are in place in the United States. This has been done in china and they are reporting good results. In fact china sent some of their serum and by the way they are interchangeable terms. We are optimistic. I know what you have in front of you is a regulatory hurdle. We have seen what has happened with the test and the government is getting so much criticism for not having the tests in place because of a lot of these hurdles. Now youre saying you have hurdles in front of you. You have any faith that might be easier because the government has been under scrutiny for not getting those test out . I think that this is something as a physician ive had experience with for over 100 years but i think the technologies in place. I think that will help. Right now one of the things that would really help is the federal government or somebody helps us organize. At least a dozen medical centers and universities are in touch with me but it would really help it if for a national coordination. We are sending them the idea on how to do this but you can imagine if there was a way in which the information could be handled to and who would know the regulatory issues. Melissa what are you looking for . Are you looking for a google type company and how they say they are organizing some the test or contact with one of the agencys . Food you need help from . I think what would be very helpful would be somebody in government who knows the regulatory way that could help us with what are known as investigational new drugs, paperwork come all the things that are necessary to put Something Like this in place rapidly. Im very confident that we are going to get it and im sure we are in touch with federal agencies. Melissa you or are in touch . You said you were r d in touch . What feedback have you gotten . We are going through the nih. Im the investigated funded by the nih for many years so i have contact their. Everyone wants to help and everybody wants to move rapidly. I have confidence its going to happen. Melissa maybe we can help you with that and get the word out. Beyond that you also need volunteers who have recovered that are willing to donate their blood so you can get the antibodies, right . That is correct. As more people recovered, this is a way in which those who have survived help the ones that follow them. We are going to have any problems. Peoples help in this situation, whenever you need blood people donate so i think, dont think thats going to be the issue. The important thing is getting it on the ground as soon as possible so we can offer to fellow americans. Melissa we hope that you will come back next week. When we Work Together to try to get some attention on this and get the focus to see if theres a possibility at least get the government to look at it. Thank you for the work you are doing. We appreciate it. Absolutely a lot of developments over the last 90 minutes so have a great weekend everybody. Melissa bulls bears now. To unleash the full power of the federal government i am officially declaring a National Emergency. Stocks spiking and getting huge boost after President Trump declared a National Emergency of the coronavirus epidemic, a pandemic i should say that the dow surging nearly 2000 points after diving more than 2000 yesterday. Major averages posting their largest point gain in history capping off one of the most volatile weeks ever read will take you live to the white house for the very latest in just a second. This is bulls bears. Im glad you could join us. Im david asner and joining me adam