On the sculpt theyre interested theres a good book called firefighting which is a summary of the crisis in First Responders which digs deeply into these programs. I recommend everyone have a look at it over the next couple of weeks. Been among other things has been distinguished economic historian being wellsuited to put this horrible event we are experiencing now in context as well it gives a sense today about what will determine how deep this recession will be perhaps how long it will last, how effective the fiscal and monetary response has been, and perhaps will likely come and whether or not the covid19 recession will leave longlasting scars on the u. S. In the Global Economy so turn this over to ben for his remarks after which david wessel will pose some questions and after that therell be some instructions on how the audience members can ask their own questions. So bent over to you and thank you for doing this. So thank you and thank you for joining us this afternoon it feels lik
The 10year is yielding 0. 75 . Well continue to monitor that as well. We have a lot of guests today. Including dr. Scott gottlieb who will join us in a couple of minutes. J js cfo, the ceo of moderna, ceo of related companies and the ceo of zoom. All in the next three hours. Andrew an update now on the pandemic in the United States. Now more than 582,000 cases and 23,000 deaths. North has 96,000 cases and 10,000 deaths. New york governor governor cuome numbers appear to have knocked off in new york. It was an accomplishment. A heck of accomplishment those Health Care Workers for the rest of my life, i will say nothing but thank you to them. I was not sure if we could keep the tide from overwhelming our hospital capacity. They did there is going to be no ephany or morning headline that says hallelujah, it is over thats not going to happen. Well hear more from dr. Scott gottlieb about plans to reopen the country and more about Governor Cuomos gathering of states on the east coast to disc
[bellringing] tom the perspective here as in so many different nations is the dead of the hospital workers. For the nhs, over 90 people have died during this pandemic. In the united kingdom, how is the view, the perspective of the nhs changed . Silence the minute of where we saw boris johnson, the leader of the opposition, and the city grounding to a halt for one minute across the country to commemorate the 100 people who have died these are have died. These are key workers, people from transport, not only nhs. Many times over, ministers were asked about the number of key workers who had died and very few knew what that number was, so this follows a pretty explosive local tv network speaking to one of the sons of the key worker that died from the nhs, saying we really need an apology. This was welcome to unite the nation at a difficult time for the government to answer questions. Tom the symbolism we see as a general pandemic update, there is lots of good news. I know viviana will have
Earnings. We will speak in the 1 00 hour with the citizens ceo, so make sure everyone tunes and for that. Boeing up as well after its factory will get up and running again. Then theres a few more regional banks doing ever so well. Gilead had been one of the top performers, up 8 . But Morgan Stanley and a couple the 15 houses saying billion Additional Market cap may be just a little exaggerated. We dont know anything about the drug trials yet. Not enough, anyway, but it does look promising for covid19 patients. That is the story and the stock market. The 10 year yield at 60 basis points. New york crude continues to plummet, down at 18. 40 a barrel. The dollar continuing to rise broadly, although we are soft on the day. There you have the u. S. Data check. Guy it is interesting, that gilead study. Very small at the moment. It will be interesting to see what happens in phase three. Lets get more with what is happening in markets and the economy. Joining us over the phone is Chris Watling
In 2008 and been burning he was head chair, he had to create one from scratch. A few of us expected successes would need to refer to it so soon but for all of us, left a copy for jake powell to consult. I recommend for people on this call if they are interested in very book called firefighting which is a summary of the crisis is one called First Responders which gets deep into the individual programs. I recommend everyone have a look at it over the next couple weeks. Been among other things as interesting as the economic historian. What we are experiencing now, put that in context, give us a sense of what will determine how deep this recession will be, perhaps how long it will last, how effective the fiscal and Monetary Policy responses been and what is likely to come and whether the covid19 recession will leave longlasting scars on the us and global economy. I will turn it over to ben for his remarks after which david wessel will host questions and then it will be instructions on how