Financial rescue plan as the government turns to the International Monetary fund for help. Hello. Thanks for joining us. An experimental antiviral drug has been authorized by the u. S. Food and Drug Administration for urgency use in treating coronavirus patients. 1. 5 million vials of the drug remdesivir will be distributed to hospitals for monday. The fda gave its approval after a government sponsored study showed the drug shortened patients Recovery Time by about 31 percent. When the president brought the pharmaceutical companies here to the white house, you were among them. He said we wanted you to move out quickly to build a new vaccine but he said develop the therapeutics as quickly as you can. We were told that it was possible that by spring we would have therapeutics, and standing here on may 1, our very first therapeutic with emergency use authorization. Onating 1. 5 million doses our task force will be working closely with gilead to make sure that those medicines starting mond
Overseeing the crisis. With baby and birthing and mom thank you. Its more important, more so you bet. Processes, cant be overcome in important, to make sure the mother and baby are as healthy more news on the 2 trillion as possible. Coming up next, doctors and i think youre not going to see nurses in their own words on the it spread across the country desperate need for more supplies unless theres more hot spots to handle the coronavirus recovery package, but what will a satisfactory manner. Crisis it look like for the average American People. Around the country hopefully it only lasts a few but first this is today on lending a hand. Japan now facing an impossible nbc. We made usaa insurance for members like kate. Choice, host the summer Games Private Companies Step up to weeks here because we ned to make sure this is under control. During a Global Health emergency lend a hand for the crucial medical shortage. If everybody does their part, we will get it under control a or delay and ri
So much for social distancing. You are watching cnbc. Good morning and welcome we are live and waking up to another day of potential losses for major averages stock futures now pointing to modest declines from a relative perspective. The dow jones opened down 244 points, nasdaq down implied 77 points that is much more than normal. This after the wall Street Market staged a rally yesterday for the dow. Major averages on pace for the third down week of the last four checking the treasury side of things, we are seeing movement for the bond and notes higher to. 227 10year at. 61 . Oil on a wild ride it had been lower Early Morning but ralied after news after a meeting on monday by Conference Call to discuss cuts President Trump meets with Top Energy Executives at the white house today. Full details on that summit at the white house coming up. Global Team Coverage dan murphy is in singapore Geoff Cutmore is in london, nbcs tracie potts with the latest out of washington and Frank Holland wit
Thank you all for being here today. m going to go out of order, thank you, mr. Chairman, for holding this important hearing. I first want to get on the record and thank our subject matter experts. Experts. If theres anything we legislative leaders ought to be doing an more broadly our government leaders, its listening to Public Health experts. Thank you so much and the experts in some of these discrete areas that will be impacted by the coronavirus. I regret that in minutes i have another meeting that pertains to this important topic. I just want to publicly express my intention to submit for the record some important questions i have for you related to the increasingly integrated supply chains that we now have between various enterprises and i guess this is this situation will create certain vulnerabilities uring times of what is now a pandemic. I have some questions related to supply Chain Mapping that im hoping someone will be prepared to answer and lastly, our reliance on foreignma
Thank you all for being here today. m going to go out of order, senator young has a related hearing to be at, i want to be sure hes able to be on the record before we begin. Senator young i first want to get on the record and thank our subblingt matter experts. If theres anything we legislative leaders ought to be doing an more broadly our government leaders, its listening to Public Health experts. Thank you so much and the experts in some of these discrete areas that will be impacted by the coronavirus. I regret that in minutes i have another meeting that pertains to this important topic. I just want to publicly express my intention to submit for the record some important questions i have for you related to the increasingly integrated supply chains that we now have between various enterprises and i guess this is this situation will create certain vulnerabilities uring times of what is now a pandemic. I have some questions related to supply Chain Mapping that im hoping someone will be