Economies the truth is many experts dont believe that will fully happen until there is a working vaccine but there is some promising news out of Oxford University in the United Kingdom according to a report in the New York Times scientists at the University Jenner Institute are ready to move forward with trials of an inoculation tested against previous versions of the crown of virus which were harmless to humans researchers at the National Institutes for health Rocky Mountain laboratory in montana tested the oxford vaccine on 6 monkeys now the animals were given a single dose and exposed to the current corona virus and after 4 weeks the monkeys are all healthy while other monkeys which were not inoculated and exposed to the corona virus did get sick speaking with the Economic Club of washington d. C. The United States top Infectious Disease specialist dr anthony said he was cautiously optimistic about these tests and spoke about the broader process of developing vaccines. There are goi
Lots of guests coming up mel Mellody Hobson will join us. Well ask if todays the start of a downturn or a buying opportunity. The ceo of icelandbased Decode Genetics will join us. What the company has learned about how the virus spreads. Its an interesting study. Lets focus in on the big stories we are watching in this final hour of trade. Bob pisani tracking todays selloff Courtney Reagan with plunging retail Sales Numbers and wilford. Bob, a little recovery weve seen lets take a look at the s p and call this one cuomo versus the horrible Economic Data because the markets once again, cuomo moves markets. 12 30, started talking about lower hospitalization rates, the market lifted at that time continuing to lift but cant compete against those horrible Economic Data sara was talking about. The energy, the banks, the small caps, the industri industrials, Economic News, they suffer the Energy Stocks getting pounded, even down double digits, some recovering off the lows like apache and hess
Information about the local community and things going on around the country. Today we have our membership watching and a number of members diplomatic corps tuning in as well. And a number of invited guests, not members of the club, are and watchingtening as well. Our First Special guest today is. Ed leonsis the second is the governor of maryland, governor hogan. And the chair of the National Governors asos asian. And then we have association. And then we have kim ford. Let people know that next week on friday we will probably have another program. We are working on the details of that now. Secondly, april 28, next tuesday, a week from next tuesday we have dr. Fauci, reasonably well known these days as the director of the National Institute of allergy and infectious diseases. And we look forward to a good conversation with him. I would like to remind everybody that after the interview is completed, about one hour, total, we will put this up on our website. You will be a little watch it
I am jake sherman. I am joined by my colleague anna palmer to post a virtual aoc. Ook with she will talk to us about how by thetrict has been hit coronavirus and what congress is going to do in the coming weeks and months. Todays briefings are among the political events politico is hosting across the newsroom. , youu have any questions can tweak them with the atpolitico. Lets just set the stage for where we are today several weeks into this pandemic. This is different from a lot of the live events we have done. Lets break it down from what is happening at the white house and this overarching effort on figuring out when the u. S. Can reopen for business. Catch us up to speed. Room or my office. Veryportant important things to think about. The white house in the midst of rolling out a counsel with which the president will decide by what mechanism and went to open the economy and his estimation economy, which wasnt a good position before the coronavirus, and the president wants to get it
Come friday, thats mayday, with spring weather, getting out of the house and back to work will surely take another step forward. Look at this. Investors love it. We know we are in the middle of a seriously shrinking economy but back to work means a way out of the mess. Top officials including the president and the treasury secretary expect a vigorous recovery later this year. And soon, we will see the Financial Statements from the allimportant big tech companies. Investors are expecting solid results and that, too, is helping the overall market. Heres the big negative of the day. The tumbling price of oil. We dropped to 10 a barrel. Now we are at 11. 87. At the moment, its not hurting the stock market, but the possibility of going back to a zero price or a negative price as we did two weeks ago, that is still on the table. Gas, yep, keeps on falling. Not quite quickly enough, maybe. 1. 76 is your National Average. Wisconsin still the cheapest. The average price today actually went up i