Good to be with you. Miss woodruff lets start with the basics. Where are we right now in the country in the battle against covid19. If you are asked for a status report, what would you say . Dr. Fauci i would say it is a mixed bag. The numbers are very serious and very concerning. We have had now over 185,000 death, sixplus million infections. The country, a large country, there are some areas doing very well right now, got hitarly those that badly early on. For instance, the new york metropolitan area has for at least one month now been less than 1 test positivity. In contrast in other parts of the country, particularly what we saw in some of the Southern States that had big surges when they tried to open up the economy, that brought our baseline number of daily infections up from 20,000 a day to as high as 70,000, we are back now to 30000 and 40,000. In those states, they are starting to level off and come down which is a really good sign. We are setting to see the beginning of surge
The dpa is finally being utilized. They got entrusted with such an important task. Frankly, it is a joke. Knowing the circumstances around , the options granted, the early leak of the announcement, there is potential here for unlawful insidertrading. I would go beyond that. In terms of potential violations. I think there is potential that the sec could find a range of violations. Regarding individuals involved in manipulation. We do not know. We go back to insidertrading enforcement. There is also a broad range of federal statutes that can apply. In the scope of the investigation, it is real. The questions that were posed by the internal investigation, they are very narrowly framed. Committee, there is still plenty to look at. There is the potential for the commission to find and recommended forstmann actions. Thank you. I appreciate that response. Can you discuss where the harm and causes shareholders Capital Markets and taxpayers . The core issue is credibility. We have to go back to
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They will offset anything that ipos youpen from the mentioned. Did the work today and power of the top 10 stocks is phenomenal. That translates into the broader index. When you take those cash return yields and compare those, you can make some basic assumptions about the cycles going forward, economic growth, drawing in classic recovery. 3200, 3250. I want to be buying stocks hand over fist. Romaine you have some Great Research year, breaking down these evaluations. Curious, once you get beyond those big cash generators at the top of the market here, we saw this week and lastly, a lot of people buying what would be at the bottom of the market. A lot of those fallen names in the industrial space on the general idea that those valuations were too low and if you are a believer in this recovery, then why shouldnt you be in a fedex for packaging corps. Dennis i would ticket a step further. Of the fed has made it clear that they want real rates to be negative. On an applied basis, if you tak
Education arne duncan. We should not be in this situation. Other countries are not. We should not even be talking today. Lost,f thousands of lives the impact on millions of millions of children, education around the country, is extraordinary. It is tragic, there is no easy way to put it. Having said that, on the local level, unbelievable leadership empathy, compassion, urgency. Im talking about superintendents across the country trying to figure out Food Distribution, telehealth, social and Emotional Health during tough times, and yes, education. Horrific leadership at the top and amazing and Inspiring Leadership at the local level. So as a have four kids, parent i am feeling this, my kids are learning remotely as we speak. We are lucky we have access to technology. Still, even i am concerned. What are your biggest concerns about how this could play out . Mr. Duncan on socially, multiple concerns. One is the political pressure could physically open. Open is not to pressure to physicall