Respiratory pathogen pandemic. It was written in september last year at the request of the world health and the world bank in one a professorthors is of epidemiology and Environmental Health at Johns Hopkins university, also a senior scholar at the Johns Hopkins center for health security. Thanks very much for being with us. Thanks for have me, i appreciate it. What did you find out last september, and would it come through come to fruition in . May of this year . The purpose was to address the possibility of there being a pandemic caused by fastmoving respiratory virus. By a fastmoving respiratory virus. The idea was it could spread quickly and potentially affect multiple countries at once, and what should preparedness look like in that scenario was so many places are affected at the same time . The availability of resources would be limited and it would be every country for itself. What we found is we would probably have not a medical countermeasure like a drug or vaccine to combat t
Off hard over the past few weeks. Scarlet they will have to basically refund or move all of the holders to the next season. Among the 24 groups in the s p 500, only two groups declined. Because of the Safety Company safe haven nature of their business. We have seen banks and auto companies. Banks leading by 5 , auto stocks by 4 . Of centralin terms bank announcements. The boj announced this morning. The fed on wednesday. A lot of people have said the excitement as worn off. Reiterating case of that they are standing by as needed. Of forgetou kind about the fed in the middle of all this. Yana, we do have the fed coming up this wednesday. They have pretty much done all could reasonably be expected for them to do so far. Are you expecting to hear anything more on wednesday that would suggest Additional Support for the economy or the market . Yana there has been tremendous, i think, global stimulus, particularly as it relates to hear. I think the continuation of the same theme, that they a
I have to go to the gossip of london. We will get to oil with jim caron in a moment. Why does the sunday times go after the Prime Minister of the United Kingdom when he is just out of the hospital bed . That is a very good question. First of all, lets remember the sunday times and of good the times were huge supporters of mr. Johnson. There is a feeling that the fact the Prime Minister got sick maybe gave him a free pass in how he handled the situation. There are two schools of thought. One thing, we just need to get through the crisis and need to try to work together. And then those who say we need to hold our leaders accountable for what they have done because theres the change of course. Yesterday we found out the critical number of personal Protection Equipment that was data for the nhs will not arrive in time. This after the scathing article that is basically saying Boris Johnson was pretty much thinking of other things instead of dealing with the crisis in february and march. I d
The various heroic people working at mount sinai hospital, i am tom keene, Francine Lacqua in london. Cavendish,d to baron it is an interesting mix in the United Kingdom of the politics of the government and the fairly grim pandemic statistics. Seenine we also havent from Boris Johnson and a while, so the daily briefings are led by various cabinet ministers, and yesterday we had the further three weeks of lockdown expansion extended. As baroness cavendish was saying, maybe we need more testing. What the markets are looking at, they are looking through the number of cases that are slowly increasing in europe and still increasing in the u. S. , they are looking through the deaths and infected cases, and chinese gdp was horrific, the first contraction in a decade, and they are focusing on the positive. We could have a drug that is working, from gilead, and President Trump has given a timeline and thought on how the economy could reopen. Tom i really want to emphasize, every politician in
Fourth positive session, up 2. 7 . Just the banks really are lower in the s p, a few oil companies. Crude oil trading down 6. 8 , back hello 21 a barrel. Back in itsyield range. The vix at 38 and change. Lets get a deeper dive into the markets with abigail doolittle. Abigail you were mentioning the gains in the s p 500, and certainly that is the case, a risk on tone from a stock perspective. Each of the averages is up 2. 5 . The nasdaq 100, make a cap companies, amazon putting in an alltime high, up almost 4 . Interesting, we have bonds higher, even as stocks are rallying, so that is something to keep in mind. Bank earnings were pretty disappointing with profits plunging and loan provisions on the rise. You were talking about how it is cooler today from yesterdays volatility. This is a year today chart at 90,highs, almost closer to when the s p 500 was closer to 2200. At this point, back below 40. It is worth noting, just a few months ago, if you talked about the vix at 40, traders and