C. D. C. Also calculates that on the low end 2400000. 00 people in the u. S. Could require hospitalization and on the high end that would be 21000000. 00 people thats super traveling because the c. D. C. Also says that the u. S. Only has about 925000 hospital beds fewer than a 10th of that amount for the critically ill look thats a lot of math. Our Health Care System clearly is not going to be able to handle cases in these numbers even on those more optimistic projections. No absolutely not. And you know i dont know if im saying something scandalous here but this has to do with the underlying system it has to do with how capitalism works it is a short term profit system especially in a country where we have made a profit based Health Care System so that we are not prepped for this but were also generally speaking the. Corporations that make so much money off our health care are not thinking a year down the road theyre not thinking how to get us back to health and happiness 5 years from
For the virus after going into self quarantine 2 days ago and how long will it take the Global Economy to recover year cd predicting the ravages of the virus on economies will outlast the pandemic itself. Its good to have you with us the head of the World Health Organization says the 1000 virus continues to outpace efforts to contain it and that cases of the infection are accelerating more than 15000 people globally have died of the infection heres what the head of the w. H. O. Said just a few hours ago. More than 300000 cases of corbett 19 have now been reported to w. H. O. From almost every country in the world now its heartbreaking the pun demick is accelerating it took 67 days from the 1st reported case to reach the 1st 100000 cases 11 days for the 2nd 100000 cases and just 4 days for this. 100000 cases theres some disturbing numbers there for more im joined now by christiane lyn meier he is a spokesperson at the World Health Organization and joins us tonight from Geneva Switzerlan
A day after starting self quarantine she has tested negative for the virus and pressure building to postpone the tookie olympics japanese Prime Minister today phonology for the 1st time that the summer games may be delaying canada and australia say they will not be sending their teams. I burnt off to our viewers on p. B. S. In the United States and all around the world welcome the head of the World Health Organization says that the coded 1000 virus continues to outpace efforts to contain it and that cases of the infection. More than 16000 people around the world have died of the infection here is what the head of the w. H. O. Said just a few hours ago. More than 300000 cases of corbett 19 have now been reported to w. H. O. From almost every country in the whoop thats heartbreaking the pun demick is accelerating it took 67 days from the 1st reported case to reach the 1st 100000 cases 11 days for the 2nd 100000 cases and just 4 days for this. 100000 cases theres some disturbing numbers t
Matt the coronavirus spreads stateside. New cases across the u. S. Including in new york city. President trump meets with pharma executive today as the global death toll passes 3000. The fed is in play. Policymakers stand ready to cut rates but doubted they can fully offset the virus in fact. Goldman sachs sees a 50 basis point reduction this month. Berlin reports its first case of the coronavirus. Italy seeks a wider deficit to pay for emergency economic measures as cases soar. We are under an hour away from cash trading in europe. You are getting 1 to 2 gains in futures, the ftse futures up. This is after the biggest route we have seen, we saw last week since 2008 for the broader stoxx 600 european index. Getting gains in the preachers in the u. S. Are not as sharp but we are 7. 5 hours away from the start of trading there. The nasdaq, down, many contracts rising this morning. What are you seeing . Money going into risk assets. That is the theme through the Asian Session and markets
Negativity and fear in beltway, surging new record highs, with dow hovering near 29,000, it closed up 211. And nasdaq breaking through 9200 barrier for the first time, this is bulls and bears, thank you for joining us, i am david asman, today jonathan he hoenig. And gary kaltbaum. There no better combination than massive liquidity, a ton of cash on the side line, an economy that is growing and earning that are starting to reaccelerate. Bull markets feed on themselve as greed picks up, let me tell you, i am a big believer not in the dow but in nasdaq and technology. It is en few ego en fuego. I believe it has been a while since we had pullbacks. The more that continues up and up the more likely there will be a period of time, it could be 4 or 3 days where you have a sharp selloff based on something. Other factor, gary knows, that when you have Interest Rates below 2 and a lot of cash looking for returns equity look treve, yield on s p 500 alone. Dividend is above yield on 10year treasur