Good morning. Happy sunday. Thank you for being here. The numbers are still going up. As weve discussed. We watched the other countries trajectory and trying to turn the trajectory. As of now the numbers are continuing to increase. Hard toare working very do is to keep the rate of increase of the spread of the disease to a level that we can manage in our hospital system. We have 53,000 hospital beds available. Now the curve suggests we could need 110,000 hospital beds and that is an obvious problem and thats what we are dealing with. You have the nations role in the situation. You also have the states role. Call anwhat they Emergency Management situation and there are rules for Emergency Management. Who does what. The state governments, local governments manage an emergency unless the emergency overwhelms the capacity of the local government. And then the higher level of government takes over. That happens even on the state level. The city will be in charge. Accounting will be in charg
Said the government including nationalize medical supply acquisitions and temporary hospitals should be billed to the army corps of engineers and fema. Hospitals to be built by the army corps of engineers and fema. Trying to determine the trajectory. As of now, the numbers are continuing to increase. To keep theng hard rate of increase of the spread of the disease to a level we can manage it in our hospital system. We have 53,000 hospital beds available. Right now, the curve suggests we could need 110,000 hospital beds and that is an obvious problem. That is what we are dealing with. You have the nations role in the situation and you have the states role. This is what they call an Emergency Management situation. Emergencyrules for management. State governments, local governments manage an emergency unless the emergency overwhelms the capacity of the government. The higher level of government takes over. That happens even on the state level. A city will be in charge. A county will be in
On the consumer. We will dig into the fallout there as power lunch starts right now. Tyler, thanks. Welcome to power lunch, everyone stocks are selling off hard for the second day in a row. We are near session lows right now with the dow down about 600 points thats a 2. 4 drop for the dow for the s p the nasdaq down 2 today but if you add up yesterday and today, all three of these averages are down about 5 in just those two sessions. Take a look at some of the moves weighing on the dow. You have boeing, United Health, visa down 4 we were just discussing United Health a lot of different challenges there. Lets go to the New York Stock Exchange with a run down on todays selloff. Hi, bob. Kelly, an old saying on bleet if you cant trade on the fundamentals, trade on the technicals s p 500 the last two days this was yesterdays low, midmorning, another drop volume picked up, trading on technicals this happened a little while ago and the cdc announcementadded to new lows for the day. New lows
I am the 113th president at the press club. Residence atst in the university of maryland, global campus. We have an Excellent Program ahead. We invite you to listen, watch, or follow along on twitter. Live. The npc for our cspan and public radio viewers and listeners, please be aware in the audience today are members of the general public. Any applause or reaction you may hear is not necessarily from the working press. Lets begin by introducing our head table. We ask that you hold your applause until the head table guests have been announced. Beginning to my far left. John oshea, colonel, retired. And member of American Legion post 20 based here at the National Press club. Wensing. Captain, u. S. Navy, retired. And a member of the Headliners Team. Lolita, National Security reporter. John donnelly, Senior Writer at cq roll call and president of the military reporters and editors association. To my immediate right, the president of d. C. Media strategies. Former National Press Club Presi
Hospital director at the epicenter of the outbreak in china dies from the virus. Hes in. Michael bloomberg makes the cut to join his democratic rivals in wednesdays night debate. The new poll out this morning that has the former new york city mayor ahead of joe biden. And frontrunner Bernie Sanders surging. Those stories plus chapter 11, the boy scouts of america file for bankruptcy overnight amid a wave of sexual abuse lawsuits from coast to coast. I want my childhood back. I want my adulthood back. Could this mark the beginning of the end for an American Institution . Hanging in the balance, Harvey Weinsteins fate in the hands of a jury as they get the case against the disgraced movie mogul today. And the Leaning Tower of dallas. A demolition gone wrong in texas has residents saying who needs to go to pisa . Announcer from nbc news this is today with Savannah Guthrie and hoda kotb. Live from studio 1a in rockefeller plaza. Welcome everybody to today. Thank you for joining us on this