The s p down 11. 5 . The nasdaq declined. 5 as all declined 11. 5 as well. On his way to South Carolina President Trump weighed in on the markets saying he does not believe the drop is solely due to coronavirus fears. President trump its the unknown. They look at it and say how long will this last . I think they are not happy with the democrat candidates. I think that has an impact. And we think we are going to win. We think well win easily. But you never know. But i think basically its the unknown a little bit. But i feel confident. Gregg we have more from the new york stock exchange. Reporter the coronavirus rattling the markets that left all three indices in correction. It was the worst week on wall street since the financial crisis. The dow closed down 373. Investors rushed out of equities and found safety in u. S. Treasury notes. The yield on the oneyear note 1. 13 . Back and forth before clawing its way to a less painful close. The Federal Reserve weighed in. With no trait cuts e
Pandemic. But lets be clear, it is a pandemic, and i labeled it so a week ago. I dont know what the World Health Organization is waiting on, and i really dont care. Were americans, and that means were not a nation of buttercups and daffodils who need to have every official word on the coronavirus pandemic sugarcoated and sweetened for public consumption. Were americans. We and every generation before us has faced threats and challenges without flinching. We will do so as well. Today there was, i believe, a new, different and stronger tone emanating from washington as the president himself met with the heads of pharmaceutical companies and challenged them to begin rapidly preparing the manufacturing of needed drugs and pharmaceutical up ingredients necessary ingredients necessary to deal with this Public Health emergency, and the stock markets roared their approval. After last weeks performance, the worst since the 2008 recession, the Dow Jones Industrials today soared almost 1300 point
Pandemic. But lets be clear, it is a pandemic, and i labeled it so a week ago. I dont know what the World Health Organization is waiting on, and i really dont care. Were americans, and that means were not a nation of buttercups and daffodils who need to have every official word on the coronavirus pandemic sugarcoated and sweetened for public consumption. Were americans. We and every generation before us has faced threats and challenges without flinching. We will do so as well. Today there was, i believe, a new, different and stronger tone emanating from washington as the president himself met with the heads of pharmaceutical companies and challenged them to begin rapidly preparing the manufacturing of needed drugs and pharmaceutical up ingredients necessary ingredients necessary to deal with this Public Health emergency, and the stock markets roared their approval. After last weeks performance, the worst since the 2008 recession, the Dow Jones Industrials today soared almost 1300 point
Kits in the right locations . Well, up until recently there were not. And we are fixing that right now because we want to have a much broader umbrella of being able to test even under the circumstances where you dont have a link to someone being tested. I think the testing will be dramatically increased. It was a problem but its going to be fixed reasonably soon. Its already more than we were doing before. But within a few weeks well be where we want to be. Gregg the Company Moderna has come up with a vaccine. It has to go through a series of testing. When did that begin and how long does that take . Well, there are multiple stages to the testing and thats sometimes confusing to people. From the time we got the sequence which the chinese published on a public data base until the time we go into Clinical Trial where we inject into the arm of a person to see if its safe, generally that takes a long period of time. We are projecting well have the first person with the phase one test in th
Pandemic. But lets be clear, it is a pandemic, and i labeled it so a week ago. I dont know what the World Health Organization is waiting on, and i really dont care. Were americans, and that means were not a nation of buttercups and daffodils who need to have every official word on the coronavirus pandemic sugarcoated and sweetened for public consumption. Were americans. We and every generation before us has faced threats and challenges without flinching. We will do so as well. Today there was, i believe, a new, different and stronger tone emanating from washington as the president himself met with the heads of pharmaceutical companies and challenged them to begin rapidly preparing the manufacturing of needed drugs and pharmaceutical up ingredients necessary ingredients necessary to deal with this Public Health emergency, and the stock markets roared their approval. After last weeks performance, the worst since the 2008 recession, the Dow Jones Industrials today soared almost 1300 point