Trade iing at levels we havent seen in nearly two decades amid falling demand and an expected jump in production and the virus itself remains front and center. President trump e iine ining gus until the end of april as the u. S. Cases top 150,000 weve got great guests join ing us, the ceo of medical supply Company Henry Schein and the head of amid this turbulent market with 59 minutes left, we are up 2. 8 led by helhealth care, tech and Consumer Staples lets focus in on the big stories. Meg is going to join us with the latest on testing and treatment. Kayla has the latest from lawmakers and mike is tracking all the Market Action but meg, first to you hi, guys. Lets start with Johnson Johnson. That news theyve selected their lead candidate for Vaccine Development. Really moving their stock higher and causing a lot of optimism that well see a vaccine in timelines that are faster than expected companies saying it plans to tart human Clinical Trials in september. Months faster than they pr
And im sure all the nation will join me in assuring you that what you do is appreciated and every hour of your hard work brings us closer to or turn to more normal times i also want to thank those of you who are staying at home that by helping to protect the vulnerable and sparing many families the pain already felt by those who have lost loved ones together we are tackling this disease and i want to reassure you that if we remain united and resolute then we would overcome it i hope in the years to come everyone will be able to take pride in how they responded to this challenge and those who come after us will say the britons of this generation were as strong as any. That the attributes of self discipline of quite good humored resolve and a fellow feeling still characterise this country the pride in who we are is not a part of our past it defines our present and future. The moments when the United Kingdom has come together to applaud it scared an essential workers will be remembered as
Barrier. The tech the barrier is actually doing the test on a person in order to do the test, a Health Care Provider has to dress in full personal protective equipment and there the swab put all the way to back of the throat. It is then put in medium. The next person who has to get tested, that Health Care Provider has to change all the equipment. In, it isut that highly likely someone will call for sneeze. That is what were doing now, to throughput of this testing. We are working on things to make it much faster. Fromrtainly expect that thousands of people per day, be, we will be at tens of thousands of people per day. Reporter does the buck stop with you, mr. President . Normally, buteah, this has never been done. If you look at 20092011, no one has ever done things like what we are doing i think we can say that we are also getting this ready for the future so if we have a future problem, we will be starting off from a much higher plateau. We were at a very low base. We had a system
Velocity to the dollar and cash, it only have i never seen it, would say biblical times but i was not around for that. Francine i will have plenty more on that. Lets get to bloomberg first word news. Viviana we begin in china for the First Time Since january the nation reporting new cases of the coronavirus in the single digits. A month ago china reported almost 15,000 cases in one day. It is a sign of viral outbreak may be coming under control. Still the disease is spreading in the u. S. And europe. Italy has more than 15,000 cases and over 1000 deaths. The u. S. Is now up to 1500 infected. A state of emergency declared in new york city last night. To capitol hill and how House Speaker nancy pelosi saying she is near an agreement with the Trump Administration on a coronavirus bill. For paid sicking leave and more aid for those who will lose their jobs. Policy hopes to have a deal today. Investors looking to the Federal Reserve. The fed unleashing a trillion dollars but failed to help
This hearing will come to order. Without objection the chairs authorized to declare recess at any time to give money welcome to todays hearing on coronavirus, understanding the threat of Infectious Disease and mobilizing Innovative Solutions. I will recognize myself for an Opening Statement and then i woke frank recognize the Ranking Member for his Opening Statement again thank you for being here. Obviously this is an incredibly timely process. Covid19 is not the first pandemic we are ever going to deal with and certainly not the last one but it is incredibly important that we come together as a nation to get ahead of this, dress it and come up with treatment for it. If we think about Global Health security to threepronged approach. Containment medication and treatment. This is the third hearing that im sharing on the subject and the hearing is focused on the containment. It was the first hearing the congress held. The conclusion of that was the initial strategy of trying to contain th