Good morning to all of you and ood morning to the general and sergeant major. On tuesday, i spoke to you about our efforts on the navy side and we want to update you on the measures we are taking in the marine corps. Before i do thats correct let me give you our latest navy total of 133 positive covid19 in the United States navy. 104 active duty military, 23 civilians, 16 dependents and 19 contractors. I want to give a quick update on the teddy roosevelt. We found several more cases on board the ship. We are in the process now of testing 100 of the crew of that ship to ensure that we are able to contain whatever spread might have occurred there on the ship. But i want to emphasize that the ship is operationally capable and can do its mission sm the ship is pulling into guam and no one on the crew will be allowed to leave into guam and we are starting the process of testing 100 of the crew to ensure that we got that contained. The sailors who have been flown off the ship are currently d
On the frontlines of this fight over 7,000 National Guardsmen, operating across all states, territories and the district of columbia who continue to assist state and authorities in their response efforts. In new york, washington, and president hase approved mobilizing National Guard troops under title 32 them fullich provides access to federal resources, but still allows them to be managed government. To be clear, this is not a move towards martial law as some have erroneously claimed. Our great National Guard troops are performing tasks, such as drivethru testing sites, conducting food delivery to protect vulnerable populations and helping states coordinate their local responses. Allowing states to maintain control over their National Forces is the most effective way to manage their efforts as it permits each the guardstailor activities the best support the needs of their state. The president announced yesterday, the hospital ship tocy will deploy this week los angeles working closely
And up to 200,000 deaths. The president listening to his medical advisers and he has adjusted policy. The social distancing rules will be extended until april 30th. Therefore, the shutdown of the economy will continue well beyond easter. The president says the recovery will start by june 1st. On the markets, expect continued volatility. We have certainly seen that already today. At one point early this morning, futures showed a loss of a couple hundred points. Now we are looking at a gain at the opening bell of a couple hundred points. That would be almost 1 . A similar gain, better gain, actually, for the nasdaq, up about 1. 25 and the s p also up over 1 . A rally at the opening bell. Investors seem to like the idea of more pain now so we get out of it faster. The other big financial story is the price of oil. This is apart from the virus. This is the price of oil. Look at it. Its down to 20 a barrel. Earlier it hit 19. 20. 48 is the price right now. The saudis have declared war on Am
But we are moving to what i would say is virtual recruiting. I have a broader question. Experts say you can anticipate the spread of the virus will will likelyate, and not exclude the military. I am wondering what worstcase scenario you see for the army in terms of how you will have to adjust. We are taking this day to day. A lot of this is looking at the trend data as to how great it will go. Things we learned from general generaln your riba abrams and another general is that you create safety bubbles and keep uniform formations intact and ultimately see if you can ride this out. Will this be a seasonal flu . Will it reverberate or boomerang in the fall . So we are keeping the formations intact and will adjust as we learn more. You dont have a specific worstcase you are planning for . Secretary mccarthy we are learning more every day and looking at options, but we need to collect more data. I would add to the secretary, what we found in italy and korea were very strong measures where
Is this who wants to be a millionaire . It is running a lot better right now. Phone,ave folks on the is that right . What i will do is for all of the folks on the phone, this is ryan mccarthy. I will start with some opening comments. Q a we will do an open up to answer questions. Weve got to get out of here no later than 1600 and get back to the office. Let me make a couple remarks. Thank you for coming. We are trying to bring an update on the covid19 response efforts to protect our people, maintain Mission Readiness and support the government effort. To provide these updates as routinely as we can. We will work out a rhythm that is appropriate. Our goal is to be as transparent as possible and keep an open line of communication about what the army is doing. On march 19, currently the u. S. Army has 45 cases. This number includes 21 soldiers, six da civilians, eight family members, and 10 contractors. Crisis,ng in times of helping restore peace in times of chaos, and organizing against